Forging the Trader’s Mindset: Jake Simmons on Discipline, Failure, and Winning

Most traders want quick profits—but few are prepared for the real battle: mastering their mindset. In this episode, Gates Adams sits down with Jake Simmons (aka Stoic Jake), who shares his raw journey from blowing accounts and emotional meltdowns to developing the discipline that finally brought him success.

Jake breaks down how two years of losses nearly pushed him out of trading, and how a chance conversation—and a commitment to real strategy—flipped the script. From developing his ADX-based system to streaming live trades for accountability, Jake reveals the mindset shifts that helped him achieve consistency and his first funded payouts.

Key Takeaways:

• Without a proven strategy, trading is just gambling.
  

• Discipline, not desire, is what turns traders around.
  

• Community and accountability speed up growth.
  

“Success came when I finally got tired of my own BS—and started applying what I’d learned.” – Jake Simmons

Connect with Gates Adams:

Facebook

Apex Trader Funding

--

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.