In Episode 189, George explains that most traders aren’t inconsistent because they lack skill, they’re inconsistent because they measure the wrong thing. Judging performance by P&L, win rate, or risk-reward only captures the outcome, not the discipline behind it. Emotional trades like FOMO, tilt, and revenge entries distort results and hide whether your actual plan has edge.

The real metric of consistency is simple: trades taken according to plan versus trades taken in violation of it. When traders remove off-plan trades from their review, many discover they’re much closer to consistency than they thought. The issue isn’t strategy, it’s interference. Focus on executing the Next Best Trade, and let the scoreboard catch up later.

Key Takeaways

• P&L measures outcomes, not discipline.

• Consistency is trades-to-plan vs trades-in-violation.

• Emotional trades distort your equity curve.

• Winners outside your plan are more dangerous than losers within it.

• Removing violations often reveals you’re already near break-even.

• Improvement comes from doing less, not adding more setups.

• Inconsistency is mislabeling, it’s plan-following inconsistency.

• Focus on the Next Best Trade, not the scoreboard.

• Your problem isn’t skill, it’s interference.

Episode Resources

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Disclaimer:

Futures, options, and derivatives trading involve substantial risk and are not suitable for every investor. The high degree of leverage in futures trading can work against you as well as for you. Past performance is not necessarily indicative of future results.  The information provided in this podcast is for educational and informational purposes only and should not be construed as specific trading, investment, or financial advice. Nothing discussed constitutes an offer to buy or sell any futures contract, option, security, or other financial instrument.  You are solely responsible for your own trading decisions, and you should carefully consider whether trading is appropriate for your financial situation, experience level, and risk tolerance. Always consult with a licensed financial advisor, registered broker, or other qualified professional before making trading or investment decisions.  While efforts are made to present accurate and timely information, the host makes no warranties or representations regarding the completeness, reliability, or accuracy of any information presented and assumes no liability for any losses that may arise from reliance on this content.  By listening to this podcast, you acknowledge and accept these risks.