In this episode of The Forge Trader Podcast, host Gates Adams shares a look at his trading journey, blending personal triumphs with hard-learned lessons. Fresh from a travel-related break, Gates dives into his recent milestones, including a $32,000 payout across nine accounts, and the emotional rollercoaster of blowing those accounts due to overconfidence. He opens up about overcoming the psychological weight of a million-dollar loss from 27 years ago, revealing how this experience shaped his identity and fueled his determination to succeed. Gates also hints at an exciting future, announcing plans to travel the country in an RV while continuing to trade and produce content, all in pursuit of finding a forever home.
This episode is both inspiring and grounding, as Gates reflects on the mindset shifts that have propelled him forward, from embracing discipline through programs like 75 Hard to redefining himself through coaching and personal development. His candid discussion of financial struggles, resilience, and the question, "Who must I become?" resonates with traders and anyone striving to break through personal barriers. With raw honesty and practical wisdom, Gates offers a roadmap for transforming setbacks into stepping stones for success.
Key Takeaways:
Mental resilience is key to overcoming past financial setbacks.
Consistency and transparency drive trading success.
Asking "Who must I become?" unlocks personal growth.
Structured discipline, like 75 Hard, builds resilience.
Adaptability supports trading while pursuing life goals.
"The person that you are today has achieved everything that that person can achieve. If it wasn't, you would have achieved more. This is a hard truth, but if you don't embrace it, you're never going to get any further than you are now." - Gates Adams
Connect with Gates Adams:
--
RISK DISCLOSURE:
Futures and Forex trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing one's financial security or lifestyle. Only risk capital should be used for trading, and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results.
HYPOTHETICAL PERFORMANCE DISCLOSURE:
Hypothetical performance results have many inherent limitations, some of which are described below. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown. In fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program. One of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight. In addition, hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk of actual trading. For example, the ability to withstand losses or to adhere to a particular trading program in spite of trading losses is material points, which can also adversely affect actual trading results. There are numerous other factors related to the markets in general or to the implementation of any specific trading program, which cannot be fully accounted for in the preparation of hypothetical performance results, and all of which can adversely affect trading results.
