1
00:00:00,090 --> 00:00:01,770
Trading that episode 201.

2
00:00:01,860 --> 00:00:05,530
Um, I'll, I'll monitor yields, which
I'll come onto because I don't, I really,

3
00:00:05,530 --> 00:00:10,450
really believe hand on heart that a lot
of traders don't implement bond yields

4
00:00:11,160 --> 00:00:15,250
into their FX trading. And
it is imperative, especially
in this market cycle.

5
00:00:15,780 --> 00:00:19,290
It is a massive little life
act, um, in my opinion,

6
00:00:19,290 --> 00:00:23,990
especially in the high interest rate
market because, um, the Fed especially,

7
00:00:24,260 --> 00:00:26,510
they monitor their bond yields.

8
00:00:26,510 --> 00:00:29,030
And it can tell you a lot about where
the potential of the economy is sitting

9
00:00:29,050 --> 00:00:32,070
and where potentially central banks
will pivot. And you can build trade,

10
00:00:32,070 --> 00:00:33,430
you can build trades off that.

11
00:00:33,970 --> 00:00:37,270
The market's gonna do something. Your
job is now to fight it. The market.

12
00:00:37,470 --> 00:00:39,870
Never ever runs away. It's always there.

13
00:00:40,140 --> 00:00:44,670
That personal diary of trading will
make you a much better trader than I.

14
00:00:44,670 --> 00:00:47,310
Could be right about the direction,
but wrong about the trade.

15
00:00:47,310 --> 00:00:47,750
Don't.

16
00:00:47,750 --> 00:00:48,310
Focus on the.

17
00:00:48,310 --> 00:00:48,950
Monetary side.

18
00:00:48,950 --> 00:00:52,750
Trying to make too much money on a
trade is what I have seen killed every

19
00:00:52,750 --> 00:00:53,060
trader.

20
00:00:53,060 --> 00:00:56,510
Your losses offer you some of the
greatest insight you can find into your

21
00:00:56,510 --> 00:00:57,590
mistakes. Relax.

22
00:00:57,950 --> 00:00:59,150
Learn the process.

23
00:00:59,320 --> 00:01:01,990
Kendall. Think pattern
trading is a freaking trap.

24
00:01:02,150 --> 00:01:04,350
Don't be in a rush to
become a millionaire.

25
00:01:04,350 --> 00:01:06,470
Let the market tell you
what the market wants.

26
00:01:06,470 --> 00:01:06,990
To tell you.

27
00:01:06,990 --> 00:01:10,310
This podcast is not financial trading
for investing advice of any kind.

28
00:01:10,620 --> 00:01:13,710
What's up trade And welcome to another
installment of the Trading Up podcast.

29
00:01:13,730 --> 00:01:18,110
I'm the host Cam Hawkins and today we've
got Charlie from Westwater Associates

30
00:01:18,110 --> 00:01:18,550
on the show.

31
00:01:18,550 --> 00:01:23,470
Now Charlie is just 20 years
old and managing funds from his

32
00:01:23,470 --> 00:01:28,190
office in Canary Wharf, which is one
of the trading hubs in London. Uh,

33
00:01:28,200 --> 00:01:31,110
he is actually one of the, uh,

34
00:01:31,110 --> 00:01:33,470
well he got trained up by
a past guest and in fact,

35
00:01:33,470 --> 00:01:35,390
as a business partner of
a past guest on the show,

36
00:01:35,390 --> 00:01:39,070
you're gonna find out who that is when
you start listening to the interview. Uh,

37
00:01:39,070 --> 00:01:41,750
and a couple of his colleagues,
he mentions in the show as well,

38
00:01:41,750 --> 00:01:44,430
we're also gonna look to
get one of those guys on.

39
00:01:44,430 --> 00:01:48,150
So we are putting a whole piece of the
puzzle together here for you all. Uh,

40
00:01:48,150 --> 00:01:52,390
now, um, he is a smart money
concept style trader. In fact,

41
00:01:52,390 --> 00:01:53,950
he's come up with his own version of it.

42
00:01:53,950 --> 00:01:57,310
You're gonna find out how that works
and more about that and this show.

43
00:01:57,310 --> 00:01:59,910
But he also breaks down
everything on a price show.

44
00:01:59,910 --> 00:02:03,390
And this is probably
one of the, I suppose,

45
00:02:03,390 --> 00:02:07,630
craziest videos I've seen in terms of
the knowledge that he brings to the table

46
00:02:07,640 --> 00:02:11,190
is just a 20 year old is ridiculous. Uh,

47
00:02:11,190 --> 00:02:15,790
and we go through his entire trading
week at the fund, what it looks like. Uh,

48
00:02:15,790 --> 00:02:19,150
and it's all broken down. We've got
fundamentals in there, we've got, uh,

49
00:02:19,150 --> 00:02:22,790
correlations in there. We've got
smart money concept trading in there.

50
00:02:22,940 --> 00:02:26,830
It's everything. So you gotta go and
check that out after the show. Uh,

51
00:02:26,830 --> 00:02:28,910
before we get into the show,
there just a few things.

52
00:02:28,920 --> 00:02:31,510
So you'll see here I've got a
new cap on. I've got a new cap.

53
00:02:31,510 --> 00:02:33,590
If you'll listen to the podcast,
you won't be able to see it.

54
00:02:33,590 --> 00:02:36,070
You'll need to go to the YouTube
channel and check it out. Um,

55
00:02:36,070 --> 00:02:38,670
I thought I'd upgrade it to
something on brand. I mean,

56
00:02:38,670 --> 00:02:42,110
the blue and the white isn't really
on brand. Brand, you can see here, uh,

57
00:02:42,110 --> 00:02:45,910
I even got the Trading Nut
logo on the, on the back. Uh,

58
00:02:45,960 --> 00:02:49,150
so if you like this guys, if you, if
you think you'd like one of these,

59
00:02:49,150 --> 00:02:51,710
then let me know and we'll
see what we can do. Uh,

60
00:02:51,710 --> 00:02:54,670
even though I get a
camo one as well, right?

61
00:02:54,760 --> 00:02:59,560
So that's just that on the caps
now we've got the Robot lab

62
00:02:59,590 --> 00:03:01,760
live is up in the demo.

63
00:03:01,760 --> 00:03:05,120
So this is what we're doing is we're
building a trading robot out, um,

64
00:03:05,120 --> 00:03:08,560
across the course of a few weeks with
a group of people on a live stream.

65
00:03:08,560 --> 00:03:12,760
All my robot lab members
and we've got one up there.

66
00:03:12,760 --> 00:03:14,960
Now we're looking to get it
to pass a funding challenge.

67
00:03:15,040 --> 00:03:19,200
We're doing a demo test to start off
with first few days didn't go so well.

68
00:03:19,200 --> 00:03:23,120
In fact, we managed to blow half the
account in two days. How do we do that?

69
00:03:23,120 --> 00:03:24,240
For some weird reason,

70
00:03:24,240 --> 00:03:28,480
the bot took a 50 lot trade when it
should have been taking like a one lot

71
00:03:28,480 --> 00:03:31,760
trade, uh, worked out what
the bug was, fixed it.

72
00:03:31,760 --> 00:03:34,960
We've redone the test and we're
starting again from today.

73
00:03:34,960 --> 00:03:36,160
So if you wanna check that out,

74
00:03:36,160 --> 00:03:40,040
head over to the Robot Builders Club
page and you better follow it there.

75
00:03:40,340 --> 00:03:44,840
And just on the Robot Builders Club
next week we are gonna do a Black Friday

76
00:03:44,840 --> 00:03:49,840
sale. So if you do want to get on
board with getting access to this bot

77
00:03:50,170 --> 00:03:53,480
in particular and then the other bonuses
I'm gonna throw in there for, uh,

78
00:03:53,480 --> 00:03:57,640
the Black Friday Sale of Robot
Builders Club, then please stay tuned.

79
00:03:57,640 --> 00:03:59,640
And it's only gonna happen
for a short period of time.

80
00:03:59,890 --> 00:04:01,240
So you're gonna need to stay tuned,

81
00:04:01,240 --> 00:04:04,720
stay subscribed on everything and just
keep an an eye out for trading up. Now,

82
00:04:05,010 --> 00:04:09,440
um, talking about Black Friday sales, uh,
one of my past guests, Andrew Mitchum,

83
00:04:09,970 --> 00:04:11,840
he who happens to be a,

84
00:04:11,950 --> 00:04:16,240
a guest that the guest on the show
that lives closest to where I live, uh,

85
00:04:16,240 --> 00:04:19,800
it's only a stone's throwaway we've
actually never met because it is a strange

86
00:04:19,800 --> 00:04:24,520
throw across some water, which I
don't go there that often. Now, um,

87
00:04:24,650 --> 00:04:28,240
he is also doing a sale
and it's a ridiculous 68%.

88
00:04:28,240 --> 00:04:32,720
It's almost say 70% off his, uh,
his sort of entire, you know,

89
00:04:32,720 --> 00:04:36,320
kitten caboodle. If you do wanna get
access to that though, it is very,

90
00:04:36,510 --> 00:04:40,840
a very short timeframe that it's
called a dime sale. And for 15 minutes,

91
00:04:41,430 --> 00:04:43,880
only 15 minutes, the first
15 minutes of the sale,

92
00:04:43,880 --> 00:04:47,720
it's gonna be at that
ridiculously 68% discounted price.

93
00:04:47,990 --> 00:04:52,880
What I'm gonna do is put a link in a
card here to his show notes page. So,

94
00:04:53,050 --> 00:04:55,080
uh, if you want to get
access to where that is,

95
00:04:55,080 --> 00:04:58,320
then click on the link in the card.
I'll put one in the description as well.

96
00:04:58,320 --> 00:05:00,560
This is if you're on YouTube, um,

97
00:05:00,560 --> 00:05:03,960
this should be one in the podcast
description as well to take you there.

98
00:05:04,380 --> 00:05:07,600
And hopefully you don't watch
this too late, cuz if you do,

99
00:05:07,750 --> 00:05:10,800
I think it's only gonna last for 12
hours and the price is going up every 15

100
00:05:10,800 --> 00:05:13,560
minutes. So you've gotta be quick.
But I thought I'd tell you, uh,

101
00:05:13,560 --> 00:05:16,080
about this cuz this is
quite a good deal. Um,

102
00:05:16,180 --> 00:05:19,600
and it's come after Black Friday
so it's in context, right?

103
00:05:19,600 --> 00:05:22,560
So two things before we jump in
there, uh, scalping challenge.

104
00:05:22,560 --> 00:05:25,520
If you do wanna take part in that, so
this is a London Open scalping challenge,

105
00:05:25,750 --> 00:05:28,400
then hit me up at support@tradingnut.com.

106
00:05:28,400 --> 00:05:30,760
Let me know you keen and we'll be
doing that again in the future.

107
00:05:30,760 --> 00:05:34,520
Challenges against everyone else who's
gonna take part in it and maybe even

108
00:05:34,520 --> 00:05:38,080
against me during the London
session. We'll see. Um, let's,

109
00:05:38,080 --> 00:05:42,680
and then last but not least,
let's hear from my new sponsor,

110
00:05:42,920 --> 00:05:47,280
Fidel Cest, who's a prop firm.
And I just wanna remind you,

111
00:05:47,280 --> 00:05:51,200
they've offered up a 10% discount
coupon for any trading nus.

112
00:05:51,330 --> 00:05:54,560
So if you do want to get access to the
Fidel Cest then you're gonna hear more

113
00:05:54,560 --> 00:05:55,160
about them in a second.

114
00:05:55,160 --> 00:06:00,040
But you will get a temp offer off if
you use coupon code trading Nu all

115
00:06:00,040 --> 00:06:04,080
one word in caps. Okay. Alright.
Alright. And by the way,

116
00:06:04,080 --> 00:06:05,080
I didn't realize their,

117
00:06:05,080 --> 00:06:09,040
their sort of micro account funding
program has got a target of just 5%.

118
00:06:09,040 --> 00:06:12,240
So well worth checking out. Let hear
from them and get on with the interview.

119
00:06:12,360 --> 00:06:16,520
Fidel Crest is an award-winning pro that
funds traders with up to 2 million and

120
00:06:16,520 --> 00:06:20,880
offers generous profit splits up to 90%.
So what sets Fidel Crest apart? Well,

121
00:06:20,880 --> 00:06:25,440
it's their verification stage payouts
of up to 30 K in as little as 15 days.

122
00:06:25,530 --> 00:06:29,160
So you can receive your first payout
prior to becoming a fully funded trader.

123
00:06:29,230 --> 00:06:32,760
Just complete the challenge phase and
verification stage without violating any

124
00:06:32,760 --> 00:06:34,520
rules to receive your first payout.

125
00:06:34,540 --> 00:06:39,520
And be sure to use promo code trading
that or one word to get 10% off your next

126
00:06:39,520 --> 00:06:39,880
challenge.

127
00:06:39,880 --> 00:06:43,240
Click the link in the description below
or the card above to find out more.

128
00:06:43,240 --> 00:06:44,960
All right folks, here
we are on trading out.

129
00:06:44,960 --> 00:06:49,880
We've got Charlie in the house here
from Westwater Associates and he

130
00:06:49,880 --> 00:06:52,960
was introduced to me by
his colleague who, uh,

131
00:06:53,050 --> 00:06:57,920
is Alex George who's been on the show.
If you go back to episode 167, uh,

132
00:06:58,130 --> 00:06:59,760
he works with Alex and uh,

133
00:06:59,760 --> 00:07:01,600
there's another guy as well
that we'll get on in the future.

134
00:07:01,600 --> 00:07:03,040
But welcome to the show Charlie.

135
00:07:03,550 --> 00:07:05,600
Appreciate it. Thank you
very much for having me on.

136
00:07:05,870 --> 00:07:08,880
Well, to start off with, um,
I'm gonna find out all about,

137
00:07:08,880 --> 00:07:11,560
well I wanna find out all about
what, uh, got you into trading,

138
00:07:11,560 --> 00:07:13,560
how you got started
and your journey today.

139
00:07:13,560 --> 00:07:14,960
So let's dive into that to start off with.

140
00:07:15,840 --> 00:07:19,210
Yeah, no, so like, I mean, it
is been pretty recent. I mean,

141
00:07:19,210 --> 00:07:22,810
I started trading about three,
three and a half years ago. Um,

142
00:07:22,810 --> 00:07:27,090
I was introduced to it to obviously
my, my, well my colleagues now, um,

143
00:07:27,090 --> 00:07:30,770
Matt and Alex who um, originally
introduced me to trading.

144
00:07:30,960 --> 00:07:32,410
I learned off of them to uh,

145
00:07:32,410 --> 00:07:36,330
Pacific style that obviously I'm pretty
sure will touch base on anyway. Um,

146
00:07:36,950 --> 00:07:37,850
and yeah, no,

147
00:07:38,510 --> 00:07:42,090
the way we got obviously into the office
and we grew obviously the businesses

148
00:07:42,750 --> 00:07:47,650
and the way we sort of turned trading
institutionally and we just honed in our

149
00:07:47,650 --> 00:07:50,850
skills, um, was we went
for a business, um,

150
00:07:50,850 --> 00:07:54,050
just for like a business opportunity.

151
00:07:54,050 --> 00:07:58,170
We took it with both hands and obviously
one thing led to another and yeah.

152
00:07:58,680 --> 00:08:01,330
Okay. Well let's, let's dive
into some detail on that. So,

153
00:08:01,330 --> 00:08:02,970
so to start off with like, so you,

154
00:08:03,270 --> 00:08:06,730
you knew Alex beforehand or
you you met Alex along the way?

155
00:08:07,380 --> 00:08:11,850
So I, I knew Matt beforehand personally.
Um, obviously my business partner.

156
00:08:12,420 --> 00:08:15,650
Um, and then Matt was already in
business with Alex. They run like a,

157
00:08:15,650 --> 00:08:20,290
a trade education firm and
that's basically how I was
introduced to training to

158
00:08:20,290 --> 00:08:24,610
begin with. Um, I'd always been obviously
aware of financial markets cause my,

159
00:08:24,610 --> 00:08:29,490
um, my mum was obviously a trader.
Um, so she was obviously she worked,

160
00:08:29,540 --> 00:08:32,050
um, out in a firm out in Hong Kong. Um,

161
00:08:32,050 --> 00:08:34,810
I couldn't give you too much details
about it. She's uh, obviously that,

162
00:08:34,810 --> 00:08:36,570
that that's all out the pitch now.

163
00:08:36,570 --> 00:08:39,730
But I was always aware of the financial
markets was always had that little,

164
00:08:39,730 --> 00:08:43,290
that little like interest in it. Um, so
I thought, well, why not give it a go?

165
00:08:43,290 --> 00:08:47,930
I mean, like I was, I was 17 at the time
so I was just a sponge for information.

166
00:08:47,930 --> 00:08:51,370
I thought there's no real
risk of me taking this on.

167
00:08:51,760 --> 00:08:54,810
It's information I might learn at a
thing or two. And, and yeah, no, this,

168
00:08:54,820 --> 00:08:58,160
it obviously put a lot of
opportunities on my lap. So.

169
00:08:58,630 --> 00:09:02,280
That's interesting that your mum was a
trader. I mean, what does that do as a,

170
00:09:02,280 --> 00:09:07,040
as a kid growing up, if you, especially
your mum, you know, she's usually dad,

171
00:09:07,040 --> 00:09:09,920
but especially your mum being a trader.
What, what, what was that like? I mean,

172
00:09:09,920 --> 00:09:11,480
she sat the screens, you know,

173
00:09:11,480 --> 00:09:13,720
in 24 7 when she was at home
or was it very much It was.

174
00:09:13,720 --> 00:09:15,520
Before I was born, so I would, I couldn't,

175
00:09:15,520 --> 00:09:18,600
I couldn't tell you a lot
about the experience of me
being in and around it cuz

176
00:09:18,600 --> 00:09:22,840
it was before I was born. Right. Um,
but yeah, I wouldn't know honestly.

177
00:09:22,840 --> 00:09:26,480
But I mean, it must run in the family,
but again, you, you'd never put a,

178
00:09:26,480 --> 00:09:30,760
like obviously, um, you, it's
more likely a man obviously,

179
00:09:30,760 --> 00:09:34,800
like it's more likely your dad, but no,
yeah, it was, um, my mom was a trade.

180
00:09:34,800 --> 00:09:37,120
I've only found that out recently
as well. Oh right. But yeah, no.

181
00:09:37,240 --> 00:09:39,040
Right. So, um, so you,

182
00:09:39,040 --> 00:09:42,520
you started training with Alex and
he was training you up or were,

183
00:09:42,520 --> 00:09:43,760
were you getting external.

184
00:09:44,280 --> 00:09:46,480
Trainings? Yeah, so essentially
what it is is that uh,

185
00:09:46,480 --> 00:09:49,280
they introduc me to back when
SMC was really, really hot.

186
00:09:49,720 --> 00:09:53,280
Cause obviously now it is like considered
the new retail or anything like that.

187
00:09:53,490 --> 00:09:58,200
Um, all, all of them, um, its kind
of come, come the new retail. Um,

188
00:09:58,200 --> 00:10:00,120
but back when it was hot around
about two and a half years ago,

189
00:10:00,120 --> 00:10:03,320
I was industry obviously smc,
trading on lower timeframes, this,

190
00:10:03,320 --> 00:10:05,680
that and the other. And, and yeah,
they really trained me up to,

191
00:10:05,680 --> 00:10:08,200
to view the market from
that perspective. Um,

192
00:10:08,200 --> 00:10:11,080
and then it went from there and it had
to become a sponge for more and more and

193
00:10:11,080 --> 00:10:12,560
more and more and more information. Um,

194
00:10:13,140 --> 00:10:17,840
and really just wanted to get as
consistent as I possibly could in

195
00:10:18,000 --> 00:10:20,760
approach, um, and have like
the, the correct ideology,

196
00:10:20,760 --> 00:10:25,240
like how try and find my
personality in trading because as,

197
00:10:25,240 --> 00:10:27,880
as cyclical as markets are, I
believe that trading is quite linear.

198
00:10:27,900 --> 00:10:30,000
And as you mature as a
person, I was still really,

199
00:10:30,000 --> 00:10:32,560
really young at the time and my
trading back then was really immature.

200
00:10:32,690 --> 00:10:36,720
If I looked to, back to 18 months ago,
my training was really, really immature.

201
00:10:36,720 --> 00:10:38,680
My, my approach was quite immature.

202
00:10:38,680 --> 00:10:41,440
And as I've got a little bit older and
a little bit more experience in around

203
00:10:41,440 --> 00:10:42,360
like, um,

204
00:10:42,360 --> 00:10:47,040
the institutional industry dealing with
a lot older people than me and having to

205
00:10:47,040 --> 00:10:50,640
really speak my way into rooms, um,

206
00:10:50,640 --> 00:10:53,840
it's quite mature me as a person and
it's had a knock on effect on my training

207
00:10:53,840 --> 00:10:55,200
as well. So that's,

208
00:10:55,200 --> 00:10:59,640
that's what obviously Alex
and Matt introduced me to
and it really just took off

209
00:10:59,640 --> 00:11:01,560
from there. Cause it was
just who, cause of who I am.

210
00:11:01,610 --> 00:11:05,000
So, so what I'm interested in is,
I mean, a lot of people, you know,

211
00:11:05,000 --> 00:11:07,960
in your situation where
you're just starting out, uh,

212
00:11:08,000 --> 00:11:11,560
would typically be doing it on their
own and they wouldn't have somebody like

213
00:11:11,560 --> 00:11:16,480
working with them closely who is
already doing the walking the walk and

214
00:11:16,720 --> 00:11:17,320
mm-hmm. <affirmative>, you know,

215
00:11:17,320 --> 00:11:21,040
it's almost like your mates with
a mentor sort of thing. Yeah. So,

216
00:11:21,040 --> 00:11:25,000
so therefore you're gonna have an added
advantage. Did you, were you, like,

217
00:11:25,000 --> 00:11:27,960
were you able to, were you
sitting down with these guys,

218
00:11:28,990 --> 00:11:33,560
like to do the training or was it,
how did that sort of, So it was.

219
00:11:33,590 --> 00:11:36,760
Just for, it was through Zooms, it
was through pre-recorded videos,

220
00:11:36,760 --> 00:11:39,720
so it was technically by
myself. Right, okay. Um, and it,

221
00:11:39,720 --> 00:11:42,400
it took around about a year and
we got into business together.

222
00:11:42,400 --> 00:11:46,000
So like basically me, me, Matt
and Alex, we, we, we came to,

223
00:11:46,000 --> 00:11:49,440
I went to them with a business proposal
and that's how I kind of got to a

224
00:11:49,560 --> 00:11:53,240
personal level with Matt and Alex. I
knew Matt personally anyway, um, from,

225
00:11:53,520 --> 00:11:58,160
from a completely different subject
through like a hobby. Um, but when it,

226
00:11:58,160 --> 00:12:00,840
when that started out, my trade in,
it was literally just through Zooms.

227
00:12:00,840 --> 00:12:02,440
It was through pre-recorded videos,

228
00:12:02,440 --> 00:12:05,520
just really just picking their brains
and obviously going back and forth.

229
00:12:05,520 --> 00:12:09,280
And then the business proposal was
completely unrelated to trading. Um,

230
00:12:09,720 --> 00:12:12,240
<laugh> obviously got me in
a room with them and I'm,

231
00:12:12,430 --> 00:12:15,960
I sort of really start to gauge and
understanding a little bit more. And,

232
00:12:15,960 --> 00:12:17,880
and yeah, that's, that's really how I.

233
00:12:17,930 --> 00:12:21,120
So so how did, so how did they,
so how did the training go?

234
00:12:21,120 --> 00:12:23,600
So like when you first do
dove into the markets, I mean,

235
00:12:23,600 --> 00:12:24,480
what was it like for you?

236
00:12:25,450 --> 00:12:29,960
Uh, inconsistent and immature
in my opinion, um, my approach.

237
00:12:30,210 --> 00:12:32,800
So obviously later on down
the line, fast forward,

238
00:12:33,040 --> 00:12:34,680
going back about eight months now,

239
00:12:34,870 --> 00:12:38,960
I was introduced to another person called
Andy. Andy Bridges a beau, wonderful,

240
00:12:38,960 --> 00:12:42,440
wonderful feller. And it's been a massive
help and a massive stepping stone in,

241
00:12:42,970 --> 00:12:45,000
in, in, in my trading. Um,

242
00:12:45,590 --> 00:12:48,480
I was introduced to him and we
really sat down and was like, What's,

243
00:12:48,480 --> 00:12:51,160
what's the issue? Cause obviously, you
know yourself when you interviewed Alex,

244
00:12:51,160 --> 00:12:54,880
the fund had just come about and
obviously the, we started, we created on,

245
00:12:54,880 --> 00:12:58,800
on unconventional hedge fund
and there was this, this,

246
00:12:58,800 --> 00:13:01,560
there was discrepancies in
approach and I was just like, well,

247
00:13:01,660 --> 00:13:04,480
I'm starting to see an
inconsistency cuz I,

248
00:13:04,480 --> 00:13:07,480
I'd been consistent on a live account,
I'd been consistent with funded accounts,

249
00:13:07,480 --> 00:13:08,560
however, now I'm,

250
00:13:08,560 --> 00:13:11,400
I'm messing around with client funds
and it was a completely different ball

251
00:13:11,400 --> 00:13:14,840
game. I thought, yeah, I've done live
accounts. It's, it's sort of similar.

252
00:13:14,840 --> 00:13:17,320
Everything else, it
can't be much different.

253
00:13:17,320 --> 00:13:21,200
But this is what I was saying about how
like, uh, like my trading was, it was,

254
00:13:21,430 --> 00:13:24,400
I believe it's very linear.
And as I matured as a person,

255
00:13:24,400 --> 00:13:28,680
I matured as obviously a young
man. So did my trading. And I,

256
00:13:28,810 --> 00:13:31,600
we really sat down and we just thought,
okay, cool, why is this not working?

257
00:13:31,600 --> 00:13:32,640
Why is it not consistent?

258
00:13:33,340 --> 00:13:36,720
And it was really because
my approach at the,

259
00:13:36,720 --> 00:13:39,280
like my approach towards the
markets was really quite subjective.

260
00:13:40,090 --> 00:13:44,560
So because my, my approach wasn't
consistent, my results wasn't consistent.

261
00:13:44,940 --> 00:13:48,000
And when I, when I break down some
chart, you'll see that my trades,

262
00:13:48,000 --> 00:13:50,680
especially from last week, Last week
was probably my best week in the market.

263
00:13:50,680 --> 00:13:52,960
So it's really quite well timed. Um,

264
00:13:53,180 --> 00:13:56,240
but you'll see that every
single position is the same.

265
00:13:56,340 --> 00:14:00,400
And that's why I could cause my
consistency and approach means there's

266
00:14:00,400 --> 00:14:04,080
consistency in results. And, and that's
really where I've gone from an smc,

267
00:14:04,080 --> 00:14:06,680
which I believe is quite
subjective. And I had to really,

268
00:14:06,680 --> 00:14:10,080
it didn't protect my psychology behind
it because it's completely different

269
00:14:10,080 --> 00:14:11,880
ballgame when you're messing
around with clients and you've got,

270
00:14:11,880 --> 00:14:14,920
you've gotta pay out client cuz it's
quite, it's very institutionalized.

271
00:14:14,920 --> 00:14:18,360
Once it was institutionalized
it was, something had to change,

272
00:14:18,360 --> 00:14:21,080
something had to shift, something had
to move and, and yeah, no, that's.

273
00:14:21,080 --> 00:14:24,120
So, so at the point that the guy, so
at the point that guy, I mean cuz just,

274
00:14:24,120 --> 00:14:27,040
this is how it's coming across and
I just wanna make be clear on this.

275
00:14:27,040 --> 00:14:30,680
So the point that the guys were
getting you on the fund, you know, you,

276
00:14:30,680 --> 00:14:34,720
they were confident in your own ability
to be able to like, grow the accounts.

277
00:14:34,720 --> 00:14:36,920
Yep. Um, a rate that, that was a,

278
00:14:37,180 --> 00:14:39,680
but you weren't happy
with what you were doing.

279
00:14:39,680 --> 00:14:40,520
I weren't happy with the.

280
00:14:40,520 --> 00:14:42,960
Results. You weren't happy
with, with the results. And,

281
00:14:42,960 --> 00:14:44,200
and can you give us sort of like a,

282
00:14:44,200 --> 00:14:47,600
a before and after kind of picture
based on the results, I mean, what they,

283
00:14:47,830 --> 00:14:48,720
what you were,

284
00:14:48,720 --> 00:14:52,600
what they were happy with from a fun
point of view and what you weren't were

285
00:14:52,600 --> 00:14:55,800
receiving after you sort of made some
changes and got more consistent. Of.

286
00:14:55,800 --> 00:15:00,080
Course. So for me, so obviously I am a
business as well and I'm also a trader,

287
00:15:00,080 --> 00:15:03,760
so I have to draw that line and I have
to be very cautious of not crossing it.

288
00:15:03,770 --> 00:15:07,200
So obviously from a business perspective,
the business was making money,

289
00:15:07,200 --> 00:15:11,180
but from my perspective
as a like as, as a,

290
00:15:11,180 --> 00:15:14,540
as a director of the company, it's
not making enough. And because I,

291
00:15:14,570 --> 00:15:18,700
I know that internally because I know I'm
not maximizing what I'm actually doing

292
00:15:18,700 --> 00:15:22,500
in the markets. I'm not maximizing
my return. I know I could better it.

293
00:15:22,500 --> 00:15:23,660
I know I could better my approach,

294
00:15:24,340 --> 00:15:27,380
approach because I had to protect my
psychology at the end of the day. Um,

295
00:15:27,790 --> 00:15:31,660
so from a fun perspective, um,
I can show you quite like, uh,

296
00:15:31,660 --> 00:15:35,300
we was quite immature when we first set
it up. So originally we were offering,

297
00:15:35,300 --> 00:15:39,140
so we'd tie in our clients for it on
a yearly basis and we would offer 7% a

298
00:15:39,140 --> 00:15:43,430
month. Uh, for the first two
months, uh, we returned 5%.

299
00:15:43,430 --> 00:15:44,550
So we didn't reach my target.

300
00:15:44,550 --> 00:15:46,590
So the company didn't earn
any money because how we,

301
00:15:46,590 --> 00:15:50,710
how the company earns money basically
is we have to reach our target before

302
00:15:51,280 --> 00:15:54,390
we earn anything. Yeah. So
if you are a yearly client,

303
00:15:54,400 --> 00:15:57,830
we would have to achieve that 7%.
Anything over that, we, that's what,

304
00:15:57,830 --> 00:16:00,830
that's our margin. So we weren't
making any money. So like, yes,

305
00:16:00,840 --> 00:16:04,670
we was consistent, you made 5%, 5%, but
the company wasn't making any money.

306
00:16:04,670 --> 00:16:06,950
So something had to change something,
something had to change something,

307
00:16:06,960 --> 00:16:11,430
it had to be maximized. And then
obviously fast forward, uh, so too much,

308
00:16:11,430 --> 00:16:16,270
so nine months on, uh, it's been a
breeze. We've been able to return clients,

309
00:16:16,300 --> 00:16:19,510
what we quoted them. Um,
and it shows quite, uh,

310
00:16:19,510 --> 00:16:22,390
it shows the maturity of the
company and ourselves as well.

311
00:16:22,390 --> 00:16:25,230
Then percentages come down
to around about 3% now.

312
00:16:25,240 --> 00:16:29,870
So it showed the margins have
increased, the tradings increased,

313
00:16:29,870 --> 00:16:32,230
the returns have increased,
and now it's, uh,

314
00:16:32,230 --> 00:16:34,870
it's a lot more professional because
if you are an institutional investor or

315
00:16:34,870 --> 00:16:38,270
just a generally high net worth investor,
if you, if I have a conversation,

316
00:16:38,270 --> 00:16:41,510
if you sit down and say 7%, you're
gonna run, you're gonna run,

317
00:16:41,510 --> 00:16:45,470
You're not gonna believe me, you're not
gonna believe a word I say. So it is,

318
00:16:45,540 --> 00:16:47,510
that's realistically from
a business perspective,

319
00:16:48,200 --> 00:16:50,630
it wasn't optimal and
that's the best word for it.

320
00:16:50,630 --> 00:16:53,990
It wasn't perfect and it wasn't
optimal. And from a trading perspective,

321
00:16:54,100 --> 00:16:55,070
I knew I could do better.

322
00:16:55,070 --> 00:16:57,030
Yeah. And so, and so you were the,

323
00:16:57,030 --> 00:17:00,470
you were the primary one doing the
majority of the trading or were were other

324
00:17:00,470 --> 00:17:04,630
people helping you get this
uh, seven plus percent a month?

325
00:17:04,630 --> 00:17:06,860
Mm So, so the,

326
00:17:06,860 --> 00:17:10,060
basically the way we set
it up and basically the
structure of it now is we have

327
00:17:10,060 --> 00:17:13,060
strategists, which is like the Matt and
Alex. We have different strategists.

328
00:17:13,060 --> 00:17:16,220
We have, we have, um, they're like
our analysts, our strategists,

329
00:17:16,220 --> 00:17:17,460
and then obviously I'm head trader.

330
00:17:17,520 --> 00:17:20,220
And then obviously we have another
trader on that basically gives the,

331
00:17:20,220 --> 00:17:22,020
the final yes or no because the,

332
00:17:22,020 --> 00:17:26,660
the best way of putting it was
the reason why like trade desks

333
00:17:26,800 --> 00:17:29,340
are so, um, are so consistent,

334
00:17:29,340 --> 00:17:31,740
so profitable is cause they have all
these different ideas coming from

335
00:17:31,740 --> 00:17:35,300
everywhere because my trading style
might be different to your trading style.

336
00:17:35,300 --> 00:17:37,300
So when I'm doing really, really
bad, you could be doing really,

337
00:17:37,300 --> 00:17:38,140
really well in the markets.

338
00:17:38,590 --> 00:17:43,410
So having all the pressure
to perform and perform like

339
00:17:43,540 --> 00:17:47,890
to perform and bring in the capital and
bring in the returns on one person isn't

340
00:17:47,890 --> 00:17:51,800
sustainable. Because I know with my,
cause I run two strategies in the market,

341
00:17:52,430 --> 00:17:55,600
I know when it's really, really good
and I know when it's really, really bad.

342
00:17:55,600 --> 00:17:58,600
So lala bad months, I know
when to turn one strategy off,

343
00:17:58,600 --> 00:18:00,200
I know when to turn one strategy on.

344
00:18:00,610 --> 00:18:04,440
So within their months it could
be a case of, okay, cool, um,

345
00:18:04,550 --> 00:18:07,400
Matt's given me a couple of ideas
and like I have different, uh,

346
00:18:07,600 --> 00:18:09,360
Alex has given me an idea and I,

347
00:18:09,450 --> 00:18:12,680
there's all these different strategies
coming along and all these different

348
00:18:12,680 --> 00:18:16,040
market perspectives that might actually
work in the months that I'm not

349
00:18:16,040 --> 00:18:20,520
performing. So that's why we have
different inputs, different outputs,

350
00:18:20,520 --> 00:18:24,680
and then there's a final yes or no to,
to the probabilities. And basically we,

351
00:18:24,910 --> 00:18:29,320
I get on a piece of paper,
this is what we like, this is,

352
00:18:29,320 --> 00:18:33,160
this is why it lines up, have a look
at these levels, I like it from here,

353
00:18:33,160 --> 00:18:37,000
here and here, all the trigger. And
that's basically how we run things.

354
00:18:37,030 --> 00:18:39,840
Okay. So sort of like a
group consensus in a way,

355
00:18:39,840 --> 00:18:43,120
but you are the head trader
to to, Okay, cool. And so,

356
00:18:43,120 --> 00:18:45,560
so does that mean that
your, you manage to get, uh,

357
00:18:45,560 --> 00:18:48,520
your smart money concept
style of training mm-hmm.

358
00:18:48,560 --> 00:18:52,480
<affirmative> at a level higher
than Alex and and Matt before,

359
00:18:53,410 --> 00:18:56,560
uh, to, to get the head, head
trader sort of thing? Or,

360
00:18:56,560 --> 00:19:00,880
or are they at that point where the
strategy piece of the puzzle is more

361
00:19:01,320 --> 00:19:05,000
important than the, the actual
execution on a smart money concept?

362
00:19:05,320 --> 00:19:06,720
SMC kind of entry.

363
00:19:06,720 --> 00:19:09,840
In, in my opinion, between
obviously the three of us,

364
00:19:09,840 --> 00:19:14,160
we were better in elsewhere. So the
company, so for me, I'm very, um,

365
00:19:14,780 --> 00:19:19,440
I'm not a, um, I'm very in like, uh,
what's the word? Not internal. Um,

366
00:19:19,940 --> 00:19:22,520
I'm an introvert. Ah, yeah,
I'm an introvert, right, Okay.

367
00:19:22,520 --> 00:19:26,040
Where Alex is an extrovert. So when
it comes to like, obviously going to,

368
00:19:26,040 --> 00:19:30,160
to events or just generally networking
with potential investors or talking to

369
00:19:30,160 --> 00:19:33,320
people, I'm really, really bad at that
cause I'm quiet, I'm quite an introvert.

370
00:19:33,320 --> 00:19:35,040
And if, if, if I'm not talking about,

371
00:19:35,130 --> 00:19:38,840
if I'm not talking about something that
I enjoy or a hobby or something I'm good

372
00:19:38,840 --> 00:19:41,080
at or we're not having a
conversation or giving advice,

373
00:19:41,220 --> 00:19:43,160
I'm quite bad at obviously networking.

374
00:19:43,160 --> 00:19:47,560
So there's no point obviously Alex taking
the front of the training and me going

375
00:19:47,560 --> 00:19:49,600
doing something that I'm
not very good at. So we,

376
00:19:49,840 --> 00:19:53,360
we all kind of sat down and was
honest with ourselves and said, Look,

377
00:19:53,360 --> 00:19:55,560
this is one aspect of the
business. This is another aspect,

378
00:19:55,560 --> 00:19:58,200
this is another aspect.
Who's best suited for this?

379
00:19:58,200 --> 00:20:00,560
Who's best suited for this and
who's best suited for this?

380
00:20:00,560 --> 00:20:04,240
And that's why it's really just
blown up over the last six months and

381
00:20:04,240 --> 00:20:07,760
everything's been running at absolute
optimal temperature because we're all

382
00:20:07,760 --> 00:20:10,800
doing everything that is best suited
for us. Yeah. That's The best.

383
00:20:10,800 --> 00:20:12,360
Way of putting it. Yeah,
it's really interesting cuz,

384
00:20:12,360 --> 00:20:16,080
I mean for me it's sort of like, you
know, you think, well people, you know,

385
00:20:16,080 --> 00:20:20,480
starting up a fund and that the most
difficult thing is gonna be making sure

386
00:20:20,480 --> 00:20:24,760
that the fund makes money and, you
know, being good in the markets,

387
00:20:25,370 --> 00:20:27,480
uh, or better than, or
your case, you know,

388
00:20:27,480 --> 00:20:30,960
better than 5% the month in the markets,
better than 7% in the month. Um,

389
00:20:31,000 --> 00:20:34,080
<affirmative>. Um, so that, so
that for you guys is not even the,

390
00:20:34,080 --> 00:20:37,880
the hardest part that's almost like,
that's just sort of bread and butter and,

391
00:20:37,880 --> 00:20:42,800
and why is it that this style of
trading that you've come up with and um,

392
00:20:43,020 --> 00:20:47,480
why is it that you're so
easily able to get that 7%

393
00:20:48,030 --> 00:20:51,720
mm-hmm. <affirmative> or is it easy and
be able to do it on a consistent basis,

394
00:20:51,880 --> 00:20:52,760
which a lot of people.

395
00:20:53,080 --> 00:20:57,640
Cause a lot of people struggle
with, and in my opinion, um,

396
00:20:57,710 --> 00:21:00,560
it's because they don't have a consistency
in approach and they don't have the

397
00:21:00,560 --> 00:21:00,760
data.

398
00:21:00,760 --> 00:21:05,720
So my two strategies are
backdated at least three years.

399
00:21:06,610 --> 00:21:10,160
So I have the data through and
through month for month, day on day,

400
00:21:10,300 --> 00:21:12,360
why it works and what time it works.

401
00:21:12,780 --> 00:21:16,440
And it has tailored risk
management models. So I know where,

402
00:21:16,440 --> 00:21:17,640
where my edge is in the market.

403
00:21:17,640 --> 00:21:19,520
A lot of people are quite
subjective in their approach.

404
00:21:19,520 --> 00:21:22,720
They don't know where their edge is and
it kind of makes them hold back on fir

405
00:21:22,720 --> 00:21:24,640
and on the trigger or they,

406
00:21:24,990 --> 00:21:29,480
they take a punt at things and there's
no real consistency in how you view the

407
00:21:29,480 --> 00:21:31,920
market. And in my opinion,

408
00:21:31,980 --> 00:21:35,680
the worst that I've seen a lot of retail
traders and people that struggle with

409
00:21:35,680 --> 00:21:38,560
generally finding consistency is they
pay too much attention to what other

410
00:21:38,560 --> 00:21:42,680
people do for me. If you are, if you're
joining in a d group, if you're joining,

411
00:21:42,680 --> 00:21:44,560
if you, if you're following
someone for advice,

412
00:21:44,560 --> 00:21:47,720
if you're following
someone for analysis, why?

413
00:21:47,720 --> 00:21:50,480
Because they're not gonna be around
there forever. And, and, and their,

414
00:21:50,600 --> 00:21:53,400
their outlook on the market could
be completely different to yours.

415
00:21:54,100 --> 00:21:57,280
The the best thing you can
do is mute it, find your way,

416
00:21:57,280 --> 00:22:00,040
find your personality in the market,
just like finding your feet as a man.

417
00:22:00,040 --> 00:22:03,320
Obviously everyone, everyone goes through
it all, all young nerds go through it.

418
00:22:03,320 --> 00:22:06,080
When you're obviously maturing, you
find your feet, who you stand for,

419
00:22:06,080 --> 00:22:08,920
your ethics, everything like that,
training's a lot like that. And you,

420
00:22:08,920 --> 00:22:11,520
you'll always find that on every single
podcast, whenever you go on a trader,

421
00:22:11,520 --> 00:22:15,040
they'll always say that trading is a
lot similar to life. And it is, it's so,

422
00:22:15,040 --> 00:22:15,700
so true.

423
00:22:15,700 --> 00:22:20,520
And that's why I think that a lot of
people don't find consistency and find it

424
00:22:20,520 --> 00:22:22,680
really hard is because they pay
too much attention to other people.

425
00:22:22,680 --> 00:22:24,440
And that's the world we live
in, unfortunately. Mm-hmm.

426
00:22:24,750 --> 00:22:26,000
Yeah. And look, know,

427
00:22:26,000 --> 00:22:29,040
because that's what sort of what I was
trying to get at at the start whereby,

428
00:22:29,340 --> 00:22:33,040
you know, you seem to get, you're
like, Okay, I'm gonna learn this, uh,

429
00:22:33,040 --> 00:22:36,800
this stuff that guys are feeding me
smart money concepts, whatever it is,

430
00:22:37,220 --> 00:22:39,080
I'm not gonna veer off and, you know,

431
00:22:39,080 --> 00:22:41,600
get distracted by something
I'm seeing from somebody else.

432
00:22:41,600 --> 00:22:45,080
And which where a lot of people
get, get, uh, sidetracked.

433
00:22:45,080 --> 00:22:49,840
Now you did talk about at the start
that you found SMC quite subjective

434
00:22:50,190 --> 00:22:53,720
mm-hmm <affirmative>, what, what
parts of it were subjective for you?

435
00:22:54,530 --> 00:22:58,800
So for me, all the, um, all the lower
timeframe stuff. So we've moved in.

436
00:22:58,800 --> 00:23:01,920
So when we came into high interest rate
market, which is the start of the year,

437
00:23:02,020 --> 00:23:05,800
all of my data that I had on SMC in my
approach on trading was in low interest

438
00:23:05,800 --> 00:23:08,520
rate markets. I'd never experienced
the high interest rate market.

439
00:23:08,520 --> 00:23:12,320
I'd never done any bad testing or any
da any data collection in the high

440
00:23:12,440 --> 00:23:15,720
interest rate market. So I had no
idea how my strategy would perform it.

441
00:23:15,720 --> 00:23:19,120
And I was getting absolutely
battered. I was getting battered,

442
00:23:19,120 --> 00:23:23,880
my head was losing. I, I was, I was
experienced 5, 6, 7 row losses in a row,

443
00:23:23,880 --> 00:23:26,800
which everyone experiences, but
it's not good enough for me.

444
00:23:26,800 --> 00:23:29,960
We were institutional, i i we have
to pay clients every single Friday.

445
00:23:29,960 --> 00:23:33,320
Every single Friday clients have to
get paid. And especially as a new fund,

446
00:23:33,970 --> 00:23:37,840
we don't have that liquidity
already locked with like, like,

447
00:23:38,070 --> 00:23:42,680
like the reason why we're so comfortable
now is because we have eight months or

448
00:23:42,680 --> 00:23:43,513
10 months, sorry,

449
00:23:43,580 --> 00:23:48,560
10 months worth of months of profit that
we can kind of sit back and relax and

450
00:23:48,560 --> 00:23:50,560
go, Okay, cool, we've got a
little bit of margin to work.

451
00:23:50,560 --> 00:23:53,160
We've got a little bit of a cushion
now. We didn't have that at the start.

452
00:23:53,170 --> 00:23:55,400
So a lot of tension, a lot of pressure on,

453
00:23:56,050 --> 00:23:59,960
on to perform and there
was no data. So it was,

454
00:23:59,960 --> 00:24:03,160
it was very hard for me to go,
Ah, okay, yeah, yeah, I've done,

455
00:24:03,160 --> 00:24:05,240
I've seen this before because I hadn't,

456
00:24:05,240 --> 00:24:07,360
the markets were moving completely
different high interest rate market.

457
00:24:07,360 --> 00:24:12,040
And that's where I was, I was introduced
to macroeconomics and now, um,

458
00:24:12,040 --> 00:24:15,000
I'm like literally halfway through
doing my cfa, I know all the contents,

459
00:24:15,000 --> 00:24:18,440
I know everything regarding
economics and you'll see my outlooks.

460
00:24:18,440 --> 00:24:22,920
And the reason why my consistency in
approach and massively for me is all I'm

461
00:24:22,920 --> 00:24:27,280
doing now is pairing strong currencies
against weak currencies and then using my

462
00:24:27,280 --> 00:24:30,160
two tailored strategies to lean
into two different technical areas.

463
00:24:30,160 --> 00:24:33,200
I wasn't doing that. I was
literally just smc. Okay, cool.

464
00:24:33,200 --> 00:24:36,040
There's inefficiency here. I've seen a
five minute break. A one minute break.

465
00:24:36,040 --> 00:24:40,320
Okay, cool. And then I was using
like a fire, a fire pip stop loss,

466
00:24:40,320 --> 00:24:45,080
which wasn't really tailored to
me. You, which wasn't really, um.

467
00:24:45,820 --> 00:24:48,400
Was that fixed across all
markets? Was it five pips?

468
00:24:48,630 --> 00:24:52,040
Yeah, it was, it was literally,
um, and not necessarily,

469
00:24:52,040 --> 00:24:54,040
it was quite subjective below,

470
00:24:54,040 --> 00:24:56,240
like strong and low highs that I
believe were strong and low highs,

471
00:24:56,240 --> 00:24:59,960
but there's no such thing in a five
minute timeframe in my opinion. Um,

472
00:25:01,010 --> 00:25:04,800
so that was where it was quite subjective
in approach because it wasn't the same

473
00:25:05,080 --> 00:25:06,200
trade over and over and over again.

474
00:25:06,200 --> 00:25:09,040
You'll see what I mean when I come to
obviously the charts that every single

475
00:25:09,400 --> 00:25:12,440
position that I took is one or two
strategies and they're exactly the same.

476
00:25:12,960 --> 00:25:16,240
Right. Okay. And so, so if
you had to sort of, I suppose,

477
00:25:16,240 --> 00:25:20,160
give an estimate as to how many strategies
you were using before that shift,

478
00:25:20,260 --> 00:25:21,360
how many were there?

479
00:25:23,170 --> 00:25:27,950
And I mean, it was just, I mean if
you, In my opinion, in my opinion,

480
00:25:28,230 --> 00:25:32,910
SMC is a concept. I didn't have
a strategy. A strategy in my, in,

481
00:25:32,910 --> 00:25:35,830
in my opinion is that you have ed data,

482
00:25:35,850 --> 00:25:40,550
you have a catalog of what, when it's
good, why it's good, uh, what session,

483
00:25:40,550 --> 00:25:45,270
it's good, um, what days it's good, what
months it's good. And there's, there's,

484
00:25:45,270 --> 00:25:47,910
there's a simple process.
Everyone has their,

485
00:25:47,910 --> 00:25:51,190
their trading rules or their trading
models and it's, it's quite subjective.

486
00:25:51,190 --> 00:25:53,830
It's, it's like a top down analysis.

487
00:25:53,830 --> 00:25:57,590
You've gotta see a one minute break on
a four out where, and like, but every,

488
00:25:57,600 --> 00:26:01,390
if you look at it from a picture
perspective, everyone close like you can,

489
00:26:02,410 --> 00:26:06,710
The reason why it's con, when I
say it's consistent or subjective,

490
00:26:06,720 --> 00:26:11,510
if you can't close your eyes and picture
your strategy through and through what

491
00:26:11,510 --> 00:26:14,470
happens step by step, it's not
a strategy in my opinion. It's,

492
00:26:14,470 --> 00:26:17,550
it's a concept and it's just
guessing in my opinion. That's where,

493
00:26:17,550 --> 00:26:21,950
that's where the subjectiveness and the,
uh, consistency in my opinion comes.

494
00:26:22,050 --> 00:26:25,990
And, and how were you able to, so you
talked about the sky, uh, Andy Bridge.

495
00:26:26,460 --> 00:26:30,030
Bridge, Yeah, yeah. How were
we, how were you able to, um,

496
00:26:31,310 --> 00:26:34,230
identify that this was the,
this was the issue, like the,

497
00:26:34,230 --> 00:26:38,830
the subjectiveness and then to try
and rectify that so that you had

498
00:26:38,860 --> 00:26:39,470
more of.

499
00:26:39,470 --> 00:26:42,030
A Oh, it was through a journal.
Cause obviously I had a,

500
00:26:42,030 --> 00:26:45,760
I had a whole log int MT four because I
can't run from it. It's, it's all live,

501
00:26:45,790 --> 00:26:48,720
it's all abook, you can't run
from it. So it's all there.

502
00:26:48,720 --> 00:26:50,840
And we went through step by step
by step, Okay, cool. This is,

503
00:26:50,840 --> 00:26:54,240
this is the picture on the charts.
Okay, cool. This is what happens.

504
00:26:54,240 --> 00:26:55,960
This is what happens, what
happens. And we are like, well,

505
00:26:55,960 --> 00:26:59,880
these trades are not the same. This, it's
not the same trades. Okay, cool. And,

506
00:26:59,880 --> 00:27:00,400
and, and you,

507
00:27:00,400 --> 00:27:03,880
so you sort of start to notice that
they're all completely different.

508
00:27:03,970 --> 00:27:08,480
So how can you start to better something
that there's no base or no underlying

509
00:27:08,480 --> 00:27:08,720
you,

510
00:27:08,720 --> 00:27:12,720
you haven't built anything from like an
ideology or something you want to test

511
00:27:12,720 --> 00:27:15,960
or whatever else. It's
literally just guesswork. And,

512
00:27:15,960 --> 00:27:18,240
and that's why you kinda have to throw
it out the window and if it's not

513
00:27:18,240 --> 00:27:20,680
consistent, you can't
build it up from that.

514
00:27:20,680 --> 00:27:23,840
If there's no base that you wanna
do and start on a single time.

515
00:27:23,840 --> 00:27:28,000
That's why a lot of people just start
on a on and just trade on one timeframe,

516
00:27:28,000 --> 00:27:31,200
like the M 15 and you can kind of
start from there because then you can

517
00:27:31,200 --> 00:27:31,920
literally,

518
00:27:31,920 --> 00:27:34,960
all you gotta do is just start from the
M 15 and notice patterns that you like

519
00:27:35,100 --> 00:27:38,240
and you can build from there. But if you
are, if you are on like the six hour,

520
00:27:38,240 --> 00:27:40,440
three hour, and that's what
I was doing. I had every,

521
00:27:40,550 --> 00:27:45,200
I had every single timeframe possible
and every single trade was different.

522
00:27:45,200 --> 00:27:47,720
So when you're going through the
log loss, loss loss, loss loss,

523
00:27:47,740 --> 00:27:51,400
all the losses were different. Where
now all my losses are the same.

524
00:27:51,880 --> 00:27:53,360
Right. Okay. Sam?

525
00:27:53,360 --> 00:27:56,560
Yeah. Okay. And my winners were different,
but now all my winners are the same.

526
00:27:57,060 --> 00:27:59,600
And, and was was Andy, was he a, uh,

527
00:27:59,600 --> 00:28:01,600
a trader himself or was he
more of a sort of mindset?

528
00:28:01,600 --> 00:28:06,280
Yeah, so he is been in the market for
over 10 years now. Um, also have my,

529
00:28:06,280 --> 00:28:10,720
so he's more of a, uh, he was more of a
retail trader. Ums done it all his life.

530
00:28:11,210 --> 00:28:14,080
Um, and he's like pretty much retired now.

531
00:28:14,300 --> 00:28:17,680
You wouldn't be able to find him on
social media. He's, um, he's like,

532
00:28:17,680 --> 00:28:18,640
How did you, how did you.

533
00:28:19,020 --> 00:28:20,200
How did you stumble across him?

534
00:28:20,270 --> 00:28:22,440
He's on Instagram. He's on
Instagram Trader Bridges,

535
00:28:22,440 --> 00:28:26,040
and that's how I got in contact with
him. Ah, boy. Um, and we've kind of,

536
00:28:26,040 --> 00:28:28,360
this is why, this is why networking is so,

537
00:28:28,360 --> 00:28:32,240
so good because when you first and
foremost not, I hate this word,

538
00:28:32,240 --> 00:28:34,880
but become a person of value or
just like a general business owner,

539
00:28:34,880 --> 00:28:36,720
or if someone looks at you and sees value,

540
00:28:36,750 --> 00:28:40,600
it's very easy to get conversation and
work towards something because you sort

541
00:28:40,600 --> 00:28:44,320
of can find common ground straight
away and sort of go, Okay, cool,

542
00:28:44,320 --> 00:28:45,800
you have something, I have something.

543
00:28:45,800 --> 00:28:49,200
Let's work together and sort of see
root the benefits at both. Yeah.

544
00:28:49,340 --> 00:28:52,480
And that's really where it kind of
kick started and we sort of like, Oh,

545
00:28:52,480 --> 00:28:54,360
I'm having issues with this.
And he is like, Okay, cool.

546
00:28:54,360 --> 00:28:57,040
And we really got on this
person. We sort of the same, We,

547
00:28:57,040 --> 00:28:58,240
we were the same people.

548
00:28:58,450 --> 00:29:02,160
So it was easy for us to sort of find a
discrepancy because we both had the same

549
00:29:02,160 --> 00:29:03,320
ideologies on life,

550
00:29:03,320 --> 00:29:07,160
therefore we both had the same
ideologies when it came to charts,

551
00:29:07,160 --> 00:29:11,320
financial markets and trading.
It was quite part of me. Um,

552
00:29:11,410 --> 00:29:14,400
it it, we just clicked and
that was that. And obviously.

553
00:29:14,790 --> 00:29:16,440
It's interesting cause I mean,

554
00:29:16,440 --> 00:29:19,760
I think I remember now that Alex was
talking about that and his podcast,

555
00:29:20,260 --> 00:29:24,120
the fact that he created this Instagram
profile and really focused on that to

556
00:29:24,120 --> 00:29:27,280
then get to the position where
people were willing to Yeah.

557
00:29:27,290 --> 00:29:31,000
To share with him that wouldn't
normally share with him. Um,

558
00:29:31,000 --> 00:29:32,680
which is a great way to do it if he.

559
00:29:32,680 --> 00:29:33,400
Was, It's a massive,

560
00:29:33,400 --> 00:29:36,840
it is a massive tool that not a lot of
people take advantage of. Um, for me,

561
00:29:36,840 --> 00:29:39,400
especially as an introvert and someone
that's quite scared of the camera to

562
00:29:39,400 --> 00:29:44,280
begin with, um, at the end of
the day, well obviously when,

563
00:29:44,280 --> 00:29:47,120
when we started the business, we moved
into the office, we got a lovely view,

564
00:29:47,120 --> 00:29:50,840
I'd be an idiot not to market it and,
and build like a, a base for that.

565
00:29:50,840 --> 00:29:53,880
And obviously I wouldn't be here talking
to you now if I hadn't have done it.

566
00:29:53,880 --> 00:29:57,440
Yeah. If we, if we wouldn't have
scouted it to what it was. So it is,

567
00:29:57,440 --> 00:30:00,280
it is a massive blessing in disguise
and a lot more people should use it to

568
00:30:00,280 --> 00:30:00,710
their ability.

569
00:30:00,710 --> 00:30:05,080
Yeah. Awesome. Um, now do you wanna walk
us through your trading day? So like,

570
00:30:05,080 --> 00:30:08,920
even like your whole sort of business
day with trading incorporated into it,

571
00:30:08,920 --> 00:30:12,720
and maybe just diving into the actual
routine you have around the market.

572
00:30:13,840 --> 00:30:18,680
<Laugh>, how much time you got
<laugh>? No, um, so I mean, again,

573
00:30:18,680 --> 00:30:19,760
it's literally,

574
00:30:21,090 --> 00:30:25,200
so the reason why I'm so consistency and
so consistent on my approach is because

575
00:30:25,200 --> 00:30:28,280
my day to day life is
also, I have a set routine.

576
00:30:28,300 --> 00:30:32,200
How can you expect consistency in the
markets and consistency and approach if

577
00:30:32,200 --> 00:30:34,520
your life isn't consistent, you
don't have a routine, you're not,

578
00:30:34,520 --> 00:30:37,640
you don't stay disciplined to it.
Because if, if I come into this,

579
00:30:37,640 --> 00:30:39,520
obviously I come into the
business, I've got other, I've got,

580
00:30:39,520 --> 00:30:41,840
I've got a business to run. At
the end of the day, I haven't,

581
00:30:41,840 --> 00:30:44,600
it's not just me and my trade in,
it's not just that I have, I have,

582
00:30:44,750 --> 00:30:48,200
I have three other businesses to run.
I've got clients to me, I've got, uh,

583
00:30:48,200 --> 00:30:50,320
different conversations to
have. But on a day to day basis,

584
00:30:50,390 --> 00:30:53,840
I've got the same thing
to, to be doing. So I,

585
00:30:53,840 --> 00:30:55,720
I'll always come into the
office at the exact same time.

586
00:30:55,720 --> 00:31:00,200
If I know for a fact if I don't
leave my, my house by 20 past five,

587
00:31:00,200 --> 00:31:02,800
I'm gonna be late and I'm gonna
be running and chasing the day.

588
00:31:03,530 --> 00:31:06,980
So I know for a fact that if
I don't stick to my routine,

589
00:31:06,980 --> 00:31:10,820
I don't go to the gym and keep my head
space clear. I don't switch off. For me,

590
00:31:10,820 --> 00:31:11,653
it's um,

591
00:31:11,990 --> 00:31:15,140
it is really just a gym that helps my
mind switch off if I don't switch off,

592
00:31:15,250 --> 00:31:18,140
then when I wake up in the morning,
I'm gonna be a bit, a little bit tired,

593
00:31:18,140 --> 00:31:20,820
a little bit grouchy, and I'm not
gonna get as much done in the morning.

594
00:31:20,820 --> 00:31:22,220
And then I'm gonna be chasing the day,

595
00:31:22,220 --> 00:31:24,380
which mean I'm gonna be not
as active on the charts.

596
00:31:24,380 --> 00:31:28,180
Or I might mismanage a trade or see an
alert and I might not actually notice it

597
00:31:28,180 --> 00:31:28,740
because I'm,

598
00:31:28,740 --> 00:31:33,490
I'm out doing bits and like bits and
pieces and it's all well and good in the

599
00:31:33,490 --> 00:31:37,810
start, but it's not acceptable when
we are like 10, 11, 12 months in.

600
00:31:37,820 --> 00:31:41,570
Because again, it's not my money
I'm playing about with, it's not my,

601
00:31:41,760 --> 00:31:46,330
it's a client at the end of the day try.
It's very hard for me to explain, ah,

602
00:31:46,330 --> 00:31:47,650
I'm sorry I couldn't, I couldn't,

603
00:31:47,650 --> 00:31:50,370
I couldn't manage this position at
three o'clock this morning because I was

604
00:31:50,370 --> 00:31:54,530
tired. There's no, there's no excuse
for that. Unfortunately. It's,

605
00:31:54,530 --> 00:31:57,530
it is a business and, um, clients
don't care. At the end of the day,

606
00:31:57,600 --> 00:31:59,530
you're just a service
provider and you have to,

607
00:31:59,550 --> 00:32:03,490
you have to provide them figures. So
for me, on a day to day basis, again,

608
00:32:03,490 --> 00:32:07,930
I'll get in, I'm up at, uh, my alarm
goes off at 10 to five UK time.

609
00:32:08,620 --> 00:32:13,450
Um, I'm in the office by half six. I've
done my, I've done my morning analysis,

610
00:32:13,450 --> 00:32:15,570
I've set all my alerts,
It's all good. I've got,

611
00:32:15,570 --> 00:32:18,290
if I've got any running positions,
that's all fine. No worries.

612
00:32:18,290 --> 00:32:22,170
And I can start on my, my, whether it
be, um, whether I've got a sort out, uh,

613
00:32:22,170 --> 00:32:24,690
cuz obviously how we pay
clients here for a spreadsheet.

614
00:32:24,690 --> 00:32:26,330
If I've got any spreadsheet
work to be doing,

615
00:32:26,330 --> 00:32:27,650
obviously me and Alex do that together.

616
00:32:27,650 --> 00:32:30,690
So we kind of shift the
workload between us two. Um, I,

617
00:32:30,690 --> 00:32:33,690
whether we've got a potential
client meeting during the day,

618
00:32:33,690 --> 00:32:36,770
I'll obviously set out my to-do list
and just have general set targets,

619
00:32:36,770 --> 00:32:40,560
whether I've gotta create any social
media work or get back to anyone through

620
00:32:40,560 --> 00:32:43,840
emails or check my emails. Um,
and then realistically, I'll,

621
00:32:43,840 --> 00:32:46,480
I'll switch off the charts at about half
nine if any alerts go on. Okay, cool.

622
00:32:46,480 --> 00:32:47,400
I'm back on the charts.

623
00:32:47,420 --> 00:32:52,370
And then what I'll do is I'll monitor
four hour closes because all my,

624
00:32:52,370 --> 00:32:54,650
all my strategies are based
around the four hour timeframe.

625
00:32:54,820 --> 00:32:59,130
So it's imperative for me to monitor the
four hour timeframe. So in four hour,

626
00:32:59,220 --> 00:33:02,570
so I have to monitor every
single four hour close. Um,

627
00:33:02,570 --> 00:33:06,850
and then I'll finish up around about half
five, um, in the office. I'll go home,

628
00:33:06,850 --> 00:33:10,210
I'll hit the gym around about half
eight, I'll get back home, I'll cook.

629
00:33:10,350 --> 00:33:11,690
And then obviously I'm monitoring,

630
00:33:11,690 --> 00:33:14,370
I'm monitoring the day clothes
at around about 10 o'clock. Um,

631
00:33:14,390 --> 00:33:19,250
and then that's my, that's my daily
routine and it has to be every single day.

632
00:33:19,250 --> 00:33:20,890
It can't, it can't be a discrepancy.

633
00:33:20,890 --> 00:33:24,530
And, and if you like talking about the
four hour close, so for somebody who's,

634
00:33:24,530 --> 00:33:26,610
you know, you've got other
things going on in the day,

635
00:33:26,830 --> 00:33:31,130
you might be at a client meeting, four
hour candle's closing, what happens then?

636
00:33:32,420 --> 00:33:34,370
Um, well if I, if I'm not at the charts.

637
00:33:34,370 --> 00:33:37,010
If you're not at the charts, four hour
candle closes, if you're at, you know,

638
00:33:37,010 --> 00:33:40,490
you've got on the tube, your other side
of town for some client meeting mm-hmm.

639
00:33:40,530 --> 00:33:42,770
<affirmative> would you, what would
you do then? How would you manage that?

640
00:33:42,870 --> 00:33:43,480
How do you.

641
00:33:43,480 --> 00:33:46,930
I've always got my MacBook with me. If
you've seen me and I've got a briefcase,

642
00:33:46,930 --> 00:33:49,170
my MacBook is everywhere with me.

643
00:33:49,380 --> 00:33:51,610
So, so that takes priority.
It's like a baby, right?

644
00:33:51,610 --> 00:33:56,010
You're gonna go and attend to the baby
and, you know, everything else goes.

645
00:33:56,010 --> 00:33:59,610
So that is okay. Right. That,
that's interesting. Yeah. Um, and,

646
00:33:59,610 --> 00:34:01,130
and when you're doing the, like,

647
00:34:01,130 --> 00:34:04,290
so how many markets are you monitoring
it on this four hour candle close?

648
00:34:05,180 --> 00:34:09,930
So I only monitor the FX and I only
monitor pairs that, uh, it depends.

649
00:34:09,930 --> 00:34:13,970
So with my four hour continuation
strategy and I, I've my,

650
00:34:13,970 --> 00:34:17,250
I can obviously explain my two
strategies in like a very, um,

651
00:34:17,380 --> 00:34:21,210
so it's like a written, it's like
I've got a full explanation of it. Um,

652
00:34:21,590 --> 00:34:23,290
and I've got it written down.

653
00:34:23,290 --> 00:34:25,970
Cause obviously I don't wanna give
a mis misguided. I can, I can,

654
00:34:25,970 --> 00:34:29,650
I can give my my two strategies what
they're based around. No problem. Um,

655
00:34:30,620 --> 00:34:31,820
sorry, what was the question? I've.

656
00:34:31,820 --> 00:34:34,420
Completely forgot. Uh, yeah, so, so
when the four hour candle, sorry,

657
00:34:34,420 --> 00:34:38,300
how many markets you
said, Oh, if pairs, um,

658
00:34:38,300 --> 00:34:41,180
and then are you talking
for like 28 or how many.

659
00:34:41,310 --> 00:34:45,260
No, no, no, no, no. Literally, um, only
eight pairs. Only eight pairs a month.

660
00:34:45,260 --> 00:34:47,860
So cause they have a
win percentage rate, um,

661
00:34:47,950 --> 00:34:52,180
of either 45 or over 50%. Okay.
They're the only, they're,

662
00:34:52,180 --> 00:34:56,060
they're the only pairs that I
will will monitor roundabout,

663
00:34:56,060 --> 00:34:58,540
I wanna be hitting around about 50% mark.

664
00:34:58,790 --> 00:35:02,320
So some pairs that might line up with a,

665
00:35:02,320 --> 00:35:05,880
a macroeconomic bias like you ad I
don't, I hate uca, I hate you ad,

666
00:35:05,880 --> 00:35:08,480
but one of my best trades
last week was U ad.

667
00:35:09,130 --> 00:35:11,600
So because the macroeconomics are aligned,

668
00:35:11,600 --> 00:35:14,760
I might lean into a technical level a
little bit more and apply a strategy and

669
00:35:14,760 --> 00:35:17,600
take a punt at it, especially if I've
got running profit anyway for the month.

670
00:35:17,710 --> 00:35:19,080
I go, Okay, cool, I can,

671
00:35:19,080 --> 00:35:22,440
I can swing a percentage at this
and just take a real punt at it. Um,

672
00:35:22,440 --> 00:35:26,440
but it's usually around about eight. But
I do monitor different markets, um, to,

673
00:35:26,440 --> 00:35:29,080
to gauge a different buyer. So I'll
monitor the stock market to gauge,

674
00:35:29,110 --> 00:35:32,400
I won't never trade industries, I
won't trade the s and p 500 or UK 100,

675
00:35:32,500 --> 00:35:36,920
but I'll use it as a base for how the
economy's performing or whether it will

676
00:35:36,920 --> 00:35:41,080
risk on risk off. And then I can
basically tailor that back to fx. Um, I,

677
00:35:41,080 --> 00:35:44,160
I'll monitor yields, which I'll
come onto because I don't, I really,

678
00:35:44,160 --> 00:35:49,080
really believe hand on heart that a lot
of traders don't implement bond yields

679
00:35:49,750 --> 00:35:53,800
into their FX trading. And
it is imperative, especially
in this market cycle,

680
00:35:54,330 --> 00:35:58,120
it is a massive little life
act, um, in my opinion,

681
00:35:58,120 --> 00:36:02,640
especially in the high interest rate
market because, um, the Fed especially,

682
00:36:02,910 --> 00:36:04,320
they monitor their,

683
00:36:04,320 --> 00:36:07,000
their bond yields and it can tell you
a lot about where the potential of the

684
00:36:07,000 --> 00:36:10,080
economy is sitting and where potentially
central banks will pivot and you can

685
00:36:10,080 --> 00:36:12,440
build trade, you can build
trades off of that. Right.

686
00:36:12,440 --> 00:36:15,320
Right. Interesting. And,
and, um, what about news?

687
00:36:15,320 --> 00:36:17,000
How do you factor the use of Vincents?

688
00:36:18,150 --> 00:36:21,210
I'm glad you comment to this because I
have a very, very strong opinion, uh,

689
00:36:21,210 --> 00:36:24,130
when it comes to like
fundamentals and, and news. Um,

690
00:36:25,060 --> 00:36:29,010
so when it comes to news events,
I, I, I label them as fundamentals,

691
00:36:29,710 --> 00:36:32,970
but I also believe that macroeconomics
are fundamentals are two different

692
00:36:32,970 --> 00:36:37,010
things. So macroeconomics, uh,
uh, you things like, um, like the,

693
00:36:37,010 --> 00:36:40,930
the general global macroeconomic
macroeconomic view, and as an FX trader,

694
00:36:40,960 --> 00:36:45,250
I only really care about a
inflation or b interest rates. Yes,

695
00:36:45,250 --> 00:36:48,010
I care about cpa, I care about
unemployment rates because it can,

696
00:36:48,060 --> 00:36:50,850
it can piece to the global
macroeconomic picture,

697
00:36:50,850 --> 00:36:54,650
which I can then build a bias on the
currency pair. So for me, the best,

698
00:36:54,650 --> 00:36:59,370
the best analogy I always say is
that fundamentals are the pieces

699
00:36:59,380 --> 00:37:00,080
to a puzzle,

700
00:37:00,080 --> 00:37:04,490
like the little pieces you can piece
together and macroeconomics is the,

701
00:37:04,490 --> 00:37:07,490
the whole puzzle in the picture.
And the more fundamentals,

702
00:37:07,490 --> 00:37:09,930
like more fundamental releases.
So let's take the SD for example.

703
00:37:10,150 --> 00:37:14,090
You get their CPI one, one piece of the
puzzle, uh, their unemployment rate,

704
00:37:14,230 --> 00:37:15,210
one piece of the puzzle,

705
00:37:15,270 --> 00:37:19,930
and you get all these puzzles
and eventually you get
this one clear picture of

706
00:37:19,930 --> 00:37:24,730
ma the macroeconomic picture that then
you can go and, uh, aid your SD bias.

707
00:37:25,160 --> 00:37:29,450
That's my two separate things because
one of my strategies is based around

708
00:37:29,450 --> 00:37:31,890
fundamentals and the rebalancing of, um,

709
00:37:31,890 --> 00:37:34,210
in a bank price delivery
algorithms like the rebalancing,

710
00:37:34,210 --> 00:37:39,130
the price that fundamentals might
have made the market in balance. Um,

711
00:37:39,130 --> 00:37:42,130
however, again, the fundamentals
have to align for that. Mm-hmm.

712
00:37:42,170 --> 00:37:44,690
<Affirmative> and, and in terms
of like red news and stuff,

713
00:37:44,990 --> 00:37:47,490
are you out of the market for that?
Are you flat or anything like that?

714
00:37:47,490 --> 00:37:50,210
No, no, no, no, no, no, no.
I'm, I'm, I'm always in. Okay.

715
00:37:50,210 --> 00:37:51,530
I'm always in because again,

716
00:37:51,680 --> 00:37:55,500
like you can predict the
fundamental releases and the red,

717
00:37:55,640 --> 00:37:57,300
the high impact news releases,

718
00:37:57,300 --> 00:38:00,820
if you understand the global macroeconomic
picture. So the trade, the break,

719
00:38:00,820 --> 00:38:04,870
the trades that I'm gonna break down
is a beautiful example of that because

720
00:38:04,870 --> 00:38:07,310
obviously it was the, the fed
interest rate decision, and I already,

721
00:38:07,310 --> 00:38:09,950
we already knew that there's certainly
five basis points were priced into the

722
00:38:09,950 --> 00:38:13,510
market because we understood
the macroeconomic picture
at the current present.

723
00:38:13,510 --> 00:38:15,750
There was no, there was,
there were never gonna turn,

724
00:38:15,750 --> 00:38:17,270
there was never gonna be a dovish pivot,

725
00:38:17,270 --> 00:38:19,150
there was never gonna be a dovish
pivot, Right? Cause we have to do,

726
00:38:19,270 --> 00:38:21,590
look at the data, you have
to look at their speech. We,

727
00:38:21,740 --> 00:38:23,990
they said two months ago
that their data is dependent.

728
00:38:24,080 --> 00:38:27,230
So what you have to do is look at the
data to understand whether they're gonna

729
00:38:27,230 --> 00:38:30,150
hike interest rates or cut
interest rates or, or, or, or,

730
00:38:30,150 --> 00:38:33,830
or just stop hiking completely.
So it helps you, you,

731
00:38:33,830 --> 00:38:36,720
you can really gauge an
understanding and reading the,

732
00:38:36,720 --> 00:38:41,640
the forecast and the actual on on
or taking the forecasted on Forex

733
00:38:41,640 --> 00:38:43,560
factory for example. It isn't enough. It.

734
00:38:43,560 --> 00:38:45,120
Isn't enough. And what about, uh,

735
00:38:45,120 --> 00:38:48,120
correlation around the eight pairs that
you've got and whatever other markets

736
00:38:48,120 --> 00:38:50,360
you Yep. I mean, do you
factor that in or are there,

737
00:38:50,360 --> 00:38:52,800
are you choosing on correlated
pair or something to that effect?

738
00:38:53,450 --> 00:38:56,920
Um, yes and no. So I do
like a correlated pair.

739
00:38:57,170 --> 00:39:00,920
So I love US oil. I won't
trade US oil. Um, however,

740
00:39:00,920 --> 00:39:03,280
I do use it for correlation,
especially at the current minutes.

741
00:39:03,280 --> 00:39:05,640
So US oil is highly
correlated with US inflation,

742
00:39:06,090 --> 00:39:09,960
so it's gonna be very hard for the Fed
to turn to, to have a dovish pivot.

743
00:39:10,290 --> 00:39:13,520
If US oil is currently at these
levels, it's gonna be very,

744
00:39:13,520 --> 00:39:18,000
very hard for the fit to start
to slow their hiking cycle or,

745
00:39:18,250 --> 00:39:20,880
uh, start cutting interest rates.
It's gonna be very hard. So I,

746
00:39:20,910 --> 00:39:23,520
I love correlations. Um,
I love the, the China,

747
00:39:23,530 --> 00:39:26,880
So the reason why the USDS took a
little bit of a tumble and why the, uh,

748
00:39:26,880 --> 00:39:30,520
why a u d has been a little bit stronger
this week is because the Chinese

749
00:39:30,520 --> 00:39:35,480
economy has seen, um, has got a
lot, lot stronger because obviously,

750
00:39:35,890 --> 00:39:37,680
um, they've implemented a new covid,

751
00:39:38,150 --> 00:39:41,260
they're cutting all of their COVID
restrictions. So there's a lot of,

752
00:39:41,260 --> 00:39:43,140
there's a lot of optimism
in China at the minute,

753
00:39:43,140 --> 00:39:44,940
which is obviously hurting usd,

754
00:39:44,940 --> 00:39:47,700
but actually strengthening aud because
it's highly correlated with the,

755
00:39:47,700 --> 00:39:48,533
the Chinese economy.

756
00:39:48,670 --> 00:39:52,660
So I love correlations because you can
sort of look what's going on globally

757
00:39:52,660 --> 00:39:53,300
and, um,

758
00:39:53,300 --> 00:39:57,740
in geopolitics and then
make that into money

759
00:39:57,790 --> 00:40:01,660
because there's no point having an opinion
on the market and an opinion on, on,

760
00:40:02,030 --> 00:40:06,420
on, um, on a, on a, on a pm,
on a, on a richy soon act.

761
00:40:06,420 --> 00:40:08,540
There's no point having an opinion
on him if I can't monetize.

762
00:40:08,540 --> 00:40:11,900
It. Right. Okay. And but you don't use
correlations in the other way around.

763
00:40:11,900 --> 00:40:16,500
Like if you are, you know,
taking, you know, a buy on,

764
00:40:17,150 --> 00:40:18,860
uh, a buy on, uh,

765
00:40:18,880 --> 00:40:22,780
UJA and a buy on and a sell on you
cad mm-hmm. <affirmative>, I mean,

766
00:40:22,780 --> 00:40:25,540
you're not sort of, you're not using
it in that respect and going, Well,

767
00:40:25,540 --> 00:40:27,180
hang on a second, I've gotta
sit up here and see. Not.

768
00:40:27,180 --> 00:40:29,060
Necessarily. Okay. Not necessarily, no.

769
00:40:29,060 --> 00:40:32,500
And what about weekends? I mean, are you
holding trades across the weekend or,

770
00:40:33,530 --> 00:40:35,140
Yeah, and cause.

771
00:40:35,140 --> 00:40:38,020
Again, it's all built off the
four hour timeframe, so ah, yeah,

772
00:40:38,020 --> 00:40:39,540
great example is the, the,

773
00:40:39,540 --> 00:40:44,180
the two two trade suits au shorts and G
shorts last week that I actually took on

774
00:40:44,180 --> 00:40:47,820
the 27th of October. And then
I ended up closing on, uh,

775
00:40:48,140 --> 00:40:52,140
hitting on fmc, which was
obviously last Wednesday. So I, I,

776
00:40:52,140 --> 00:40:55,580
I do tend to hold trades no
longer than two, three weeks.

777
00:40:56,800 --> 00:40:59,860
And what kind of, what kind of
timeframe are you entering in on?

778
00:41:01,000 --> 00:41:04,630
Uh, it depends on what strategy, right?
It's usually around about the 15 minute.

779
00:41:04,660 --> 00:41:08,630
I never go below the 15 minute now
because again, I use a lot more. I,

780
00:41:08,660 --> 00:41:11,270
I use bigger stop losses because I,
I need to let the market breathe.

781
00:41:11,460 --> 00:41:14,790
I need to get my, my hedge levels in.
I need to make sure that I'm, I'm,

782
00:41:14,790 --> 00:41:17,710
I'm well risked. I need to make
sure I've got the liquidity there,

783
00:41:17,710 --> 00:41:20,070
so obviously be risking the
amount that I wanna be risking.

784
00:41:20,280 --> 00:41:23,750
So I can't be monitoring and can't be
entering on the one minute timeframe

785
00:41:23,750 --> 00:41:26,830
anymore. It's just not suitable for
that. That's why I'm saying like,

786
00:41:27,440 --> 00:41:30,070
my trading's been very linear
and as I've matured as a person,

787
00:41:30,070 --> 00:41:31,550
my training's matured a lot more as well.

788
00:41:31,550 --> 00:41:35,360
And it's become a little
bit more institutionalized
because I never go below the

789
00:41:35,360 --> 00:41:39,600
15 minute now it's all, all of my
entries are a on, on the M 15 or um,

790
00:41:39,830 --> 00:41:44,520
a one hour s and D level. That's just,
that's me now. I found my, my little,

791
00:41:44,810 --> 00:41:45,390
my edge.

792
00:41:45,390 --> 00:41:46,280
Yeah. And,

793
00:41:46,280 --> 00:41:50,160
and like you mentioned five pips as
you every stop loss way back in the,

794
00:41:50,160 --> 00:41:52,280
the day way back in. Um, what,

795
00:41:52,280 --> 00:41:55,320
what would be your typical
stop loss size now or range?

796
00:41:55,450 --> 00:41:59,840
So for my, for my medium risk
strategy, which is obviously the, the,

797
00:41:59,840 --> 00:42:00,760
the two of the pairs,

798
00:42:00,760 --> 00:42:05,000
the low risk is usually anywhere between
50 to a hundred pips on, on yen pairs,

799
00:42:05,000 --> 00:42:08,760
you usually bat around the 80
to 90 pit range. Um, on my,

800
00:42:09,370 --> 00:42:13,440
on my medium risk strategy,
you're anywhere between 20 to 50.

801
00:42:14,260 --> 00:42:18,760
And like most smart money concept
kind of styles are going for these

802
00:42:18,760 --> 00:42:23,360
humongous, you know, reward trades,
uh, you know, upwards of five,

803
00:42:23,470 --> 00:42:27,320
five R up of course. What, what are you
looking for from the fund point of view?

804
00:42:28,410 --> 00:42:29,840
Uh, r and r perspective?

805
00:42:29,840 --> 00:42:30,920
Yeah, on average. Yeah.

806
00:42:31,370 --> 00:42:32,360
So on average,

807
00:42:32,490 --> 00:42:36,480
my trend continuation strategy will
range anywhere between three and 5%.

808
00:42:37,340 --> 00:42:40,720
But I have a tailored risk management
model in it or trade management model.

809
00:42:40,720 --> 00:42:42,000
I have a risk management model as well,

810
00:42:42,020 --> 00:42:45,640
but my tailored risk management model
will only basically my first tp.

811
00:42:45,640 --> 00:42:49,040
So I have two TP levels.
So my first, my TP one,

812
00:42:49,040 --> 00:42:53,510
I'll take off 8% of the
position. Um, no, sorry,

813
00:42:53,510 --> 00:42:56,030
that's my, um, that's,
uh, that's secondary.

814
00:42:56,030 --> 00:42:59,950
So I have a hedge level sitting first,
which is obviously within the range.

815
00:43:00,080 --> 00:43:03,630
So basically I get into a trade, I'm
looking for a H four continuation,

816
00:43:04,330 --> 00:43:08,510
and I'm looking to see, okay, cool,
where can, what does price want?

817
00:43:08,680 --> 00:43:12,550
If price comes up into this area, where
can it, where, where am I exposed?

818
00:43:12,550 --> 00:43:16,590
Where can it hit for, for it to reverse?
And I'm not a beer because I don't,

819
00:43:16,590 --> 00:43:20,470
I don't put my, I don't put my trades
at beer, right? Because I find it,

820
00:43:20,520 --> 00:43:21,950
it has a real tendency,

821
00:43:21,950 --> 00:43:25,790
especially on the four hour timeframe
that you'll get in and you look for like a

822
00:43:25,790 --> 00:43:29,870
one hour break and it'll come back,
reverse take you out, and then it'll,

823
00:43:29,870 --> 00:43:32,750
it will obviously could run to
tp. So I'll look for that first.

824
00:43:32,750 --> 00:43:37,350
I'll look for that first hedge level
where I potentially will take off 0.5%

825
00:43:37,350 --> 00:43:41,150
cause I risk 1.5% per position on,
uh, my trend continuation strategy.

826
00:43:41,520 --> 00:43:43,230
So that's my first port of call.

827
00:43:43,640 --> 00:43:48,530
If all's well and good and I take off
0.5% there usually will let me around

828
00:43:48,530 --> 00:43:51,730
about 1%. So the position's covered.
Now the whole position's covered.

829
00:43:52,220 --> 00:43:53,450
So I'm essentially gone be,

830
00:43:53,450 --> 00:43:56,170
but I've still got my stop loss
exactly where I sit at to begin with.

831
00:43:56,170 --> 00:43:59,170
So I've got a, I've got a right.
Gotcha. Yeah, the, the trade has,

832
00:43:59,170 --> 00:44:01,290
the trade has room for
the market to brief. Yep.

833
00:44:01,670 --> 00:44:04,810
And then my second trade
management model, uh,

834
00:44:04,860 --> 00:44:09,770
my second trade management area
is, um, e url. So it's liquidity,

835
00:44:09,980 --> 00:44:14,210
um, above or below the, the
market range. I'll take off 85%,

836
00:44:14,210 --> 00:44:17,570
I'll take off 8% of the
position at that at that point.

837
00:44:17,830 --> 00:44:22,570
And then I will move my stop loss
to break even and I will let the 20%

838
00:44:22,780 --> 00:44:25,010
of the trade run. Cause
obviously if we're in a trend,

839
00:44:25,010 --> 00:44:27,850
there's no point pulling it.
So sometimes it can run for,

840
00:44:27,860 --> 00:44:30,610
usually usually nets between three and 5%.

841
00:44:30,710 --> 00:44:33,760
But if we get a really good runner and
I mean a really, really good runner,

842
00:44:33,810 --> 00:44:35,440
it can net anywhere between that,

843
00:44:35,440 --> 00:44:40,000
that extra 20% of the position
can net me another free five, six,

844
00:44:40,000 --> 00:44:40,520
7%.

845
00:44:40,520 --> 00:44:45,360
Right. So, so 3% on a 1.5% risk is
essentially two to one, is that right?

846
00:44:45,360 --> 00:44:48,280
Yeah. Okay. Gotcha. Yeah,
pretty much. You mentioned e rl,

847
00:44:48,280 --> 00:44:50,680
what does that stand for
exactly? I haven't heard that.

848
00:44:51,120 --> 00:44:52,880
External range liquidity,
sorry. External range.

849
00:44:52,880 --> 00:44:56,200
Liquidity. Right, right, right.
Cool. Now just diving into like, uh,

850
00:44:56,200 --> 00:44:58,800
I suppose the mindset around, you know,

851
00:44:59,130 --> 00:45:02,480
it seems it's something that
people struggle with a lot, avoid,

852
00:45:03,450 --> 00:45:06,200
It doesn't seem like
you had any, I suppose,

853
00:45:06,200 --> 00:45:08,240
a media issues with this
for whatever reason.

854
00:45:08,240 --> 00:45:10,520
Maybe it's cuz your mum was
a trader back in the day.

855
00:45:10,520 --> 00:45:14,960
It was like it's been built into your,
about. Is there anything you sort of,

856
00:45:15,220 --> 00:45:20,040
any thoughts on like why
you don't seem to have had

857
00:45:20,040 --> 00:45:24,720
the, the, the struggle around, you
know, I suppose all the things that,

858
00:45:25,190 --> 00:45:28,920
that traders struggle with or have
you and, and how you overcome them?

859
00:45:29,670 --> 00:45:30,760
I have and I haven't.

860
00:45:30,760 --> 00:45:34,360
And another reason why I've been quite
psychologically adapting is one of the

861
00:45:34,360 --> 00:45:37,400
reasons why I've been so trading and
focused at the three of us, myself, Matt,

862
00:45:37,400 --> 00:45:40,360
and Alex, um, is because I'm quite
psychologically adapt for it.

863
00:45:40,820 --> 00:45:44,160
And in my opinion, I know why.

864
00:45:44,220 --> 00:45:47,800
And for me it's quite subjective because
it's my own experiences of what I've

865
00:45:47,800 --> 00:45:49,360
gone through already in life, in my,

866
00:45:49,360 --> 00:45:53,680
in my younger years is made me
quite mentally mature. I, I,

867
00:45:53,710 --> 00:45:56,200
I dunno whether you've got,
um, that, that from me.

868
00:45:56,220 --> 00:45:58,520
I'm only 20 years old at the
end of the day and I might come,

869
00:45:58,520 --> 00:46:01,320
sometimes I come across
as like a 30, 35 year old.

870
00:46:01,740 --> 00:46:04,600
But for me it's because of what
I've already gone through in life.

871
00:46:04,630 --> 00:46:08,320
I I have very, I'm very
realistic. I have, um,

872
00:46:09,470 --> 00:46:13,440
I mean you age through pain in
my, in my experiences. So for me,

873
00:46:13,440 --> 00:46:16,400
I'm quite mentally, I'm, I'm
quite mentally tough already.

874
00:46:16,530 --> 00:46:19,560
So when it comes through, when it
comes through the pain of trading,

875
00:46:19,560 --> 00:46:23,480
the pain of loss, um, the struggle,
the stress of running a business, this,

876
00:46:23,480 --> 00:46:26,640
that, and other, I'm constantly
experiencing that on a day to day basis.

877
00:46:26,650 --> 00:46:29,760
So when I, when I come onto the
charts and my trading, there's no,

878
00:46:30,410 --> 00:46:33,120
there's no discrepancies
between the two because I've,

879
00:46:33,120 --> 00:46:35,520
I'm already experiencing that
elsewhere enough. I've already done it.

880
00:46:35,520 --> 00:46:39,320
I've been there worn the T-shirt and
a lot of people come into it from,

881
00:46:39,470 --> 00:46:42,680
from quite, um, from,

882
00:46:42,910 --> 00:46:46,160
I don't wanna say lucky cuz not no one's
lucky enough. We all go through things.

883
00:46:46,770 --> 00:46:50,200
Um, I wanna say, I don't wanna
say privileged either, but some,

884
00:46:50,200 --> 00:46:52,770
some people have it better
than others and that's their,

885
00:46:52,770 --> 00:46:56,970
that he's not their fault at all.
But I believe it's you as a person,

886
00:46:57,870 --> 00:47:01,210
you can give, I can give a couple
tips and tricks, but I ultimately,

887
00:47:01,210 --> 00:47:04,890
I think it becomes down to you as a
person. I'm a big believer of the,

888
00:47:04,890 --> 00:47:09,530
the same water that softens a potato
hard as an egg. It's not about your,

889
00:47:09,530 --> 00:47:12,290
it's about what's inside you,
not your surroundings. That,

890
00:47:12,290 --> 00:47:13,490
that's my overall opinion.

891
00:47:13,650 --> 00:47:17,970
And I think that's what it's really come
down to when it comes to myself. Um,

892
00:47:18,150 --> 00:47:20,570
but ultimately again,
when it comes to like,

893
00:47:20,570 --> 00:47:24,450
when it comes to mentality and generally
dealing with like the stress and like

894
00:47:24,450 --> 00:47:29,280
having a real psychological
edge, um, is again,

895
00:47:29,280 --> 00:47:32,320
experience. I believe that there's
no better teaching than experience.

896
00:47:32,320 --> 00:47:35,240
And there's, there's a lot of
lessons you can learn through loss,

897
00:47:35,240 --> 00:47:38,680
not only in your training strategies
or your training applications,

898
00:47:38,680 --> 00:47:42,560
but also life. Like if you can look
yourself in a mirror and know who you are,

899
00:47:42,640 --> 00:47:46,240
where your weaknesses are, where your
strengths are, you, you're gonna do very,

900
00:47:46,240 --> 00:47:48,760
very well. You, you
are very well equipped.

901
00:47:48,760 --> 00:47:51,200
For it. And do you, I mean,
other than going to the gym,

902
00:47:51,200 --> 00:47:54,760
are there any other things that you do
from a mindset point of view to, to make,

903
00:47:54,760 --> 00:47:55,720
to get you in the zone?

904
00:47:56,430 --> 00:48:00,840
I love golf on a Saturday. Ah, right.
Do love golf. I love a bit of golf.

905
00:48:00,840 --> 00:48:04,720
I do love a bit of golf.
Um, that's my gym, golf, um,

906
00:48:04,740 --> 00:48:07,680
and really my golfing. But that's,

907
00:48:07,910 --> 00:48:10,200
it's a bit so for this shit.

908
00:48:10,560 --> 00:48:12,000
<Laugh> in terms of,

909
00:48:12,000 --> 00:48:15,960
I mean actually I just literally read a
book cause I ended up doing two weekends

910
00:48:15,960 --> 00:48:17,200
of golf for the last couple of weeks.

911
00:48:17,780 --> 00:48:22,240
And I mean my golfers been pretty average
for like years. It's been getting,

912
00:48:22,240 --> 00:48:25,360
in fact it's been getting worse. It's
gotten worse to the point where I was,

913
00:48:25,390 --> 00:48:27,920
I was actually throwing clubs
in the, the trolley. Oh.

914
00:48:27,920 --> 00:48:29,880
Mate, we've opened, been there, we've.

915
00:48:29,880 --> 00:48:32,960
All been earlier this
year now. But what I just,

916
00:48:32,960 --> 00:48:35,400
I started to turn a chord on the
last two weeks and I was like, What,

917
00:48:35,400 --> 00:48:36,760
what on earth has changed <laugh>?

918
00:48:37,230 --> 00:48:38,040
I've fixed my.

919
00:48:38,040 --> 00:48:40,120
Swing. Yeah. And, and uh, anyway,

920
00:48:40,120 --> 00:48:43,280
I mean I listened to this book which
somebody had recommended years ago called

921
00:48:43,970 --> 00:48:45,680
um, Golfers, Not A Game of Perfect.

922
00:48:45,680 --> 00:48:48,680
They recommended it on this
show and I was like, okay,

923
00:48:48,680 --> 00:48:50,800
this is going kill tubers of one stone.

924
00:48:51,070 --> 00:48:54,160
I can get a trading book here
and also a golf book as well.

925
00:48:54,160 --> 00:48:56,920
It was only an hour and a
half on the audible. Um,

926
00:48:57,150 --> 00:49:02,000
I mean what do you see any similarities
between golf and, and your trading?

927
00:49:02,950 --> 00:49:03,610
And also what.

928
00:49:03,610 --> 00:49:05,650
Are, you can obviously, I think,

929
00:49:05,650 --> 00:49:08,530
I think you can obviously relate to it
obviously being playing golf as well.

930
00:49:09,710 --> 00:49:12,940
There's a lot of similarities
between it because again, it is,

931
00:49:13,610 --> 00:49:18,560
golf is like golf's a game where there's a

932
00:49:18,560 --> 00:49:20,720
lot of possibilities. There's a
lot of d there's a lot of, uh,

933
00:49:20,720 --> 00:49:23,520
varieties in swings. There's a
lot of varieties in outcomes.

934
00:49:23,520 --> 00:49:26,200
There's a lot of opinions in golf about
what you should, what you shouldn't do.

935
00:49:26,260 --> 00:49:28,120
And it's really, again, finding what,

936
00:49:28,120 --> 00:49:31,280
what works for you like in your
swing and this that, and never.

937
00:49:31,300 --> 00:49:34,160
And it's so relatable when it comes
to trading cuz there's so many,

938
00:49:34,490 --> 00:49:37,040
so many different ways you can look at
the market, so many different strategies.

939
00:49:37,040 --> 00:49:39,960
You can trade so many different
opinions in, in trading.

940
00:49:40,380 --> 00:49:44,200
And ultimately if you just switch
all of that noise off and just,

941
00:49:44,200 --> 00:49:47,240
it's just you and a chart, it's actually
quite peaceful. And again, if you,

942
00:49:47,250 --> 00:49:50,760
if you are on a round by yourself
on a, on a Sunday evening,

943
00:49:51,310 --> 00:49:55,160
it's just you and yourself and no one's
got an opinion on how you swing on your

944
00:49:55,160 --> 00:49:57,000
shot, this, that, and ever,
just like no one has an,

945
00:49:57,000 --> 00:50:00,240
if you shut all that noise out, no one
has an opinion on your loss, your win,

946
00:50:00,240 --> 00:50:02,440
your, your, your opinion
on a potential pair.

947
00:50:02,620 --> 00:50:06,200
And that's where I find a lot
of similarities in in the two.

948
00:50:06,550 --> 00:50:10,960
Okay. And and, and last question before
we jump into the quick fire round.

949
00:50:11,450 --> 00:50:13,960
Um, is there anything you
would recommend, sorry,

950
00:50:13,960 --> 00:50:17,040
if you had to recommend one thing a
retail trader spend the next month

951
00:50:17,040 --> 00:50:18,360
mastering, what would it be?

952
00:50:22,060 --> 00:50:23,960
Structure a hundred percent.

953
00:50:24,150 --> 00:50:27,760
I think a lot of people
really overcomplicate things
and that's a lot of things

954
00:50:27,760 --> 00:50:29,760
that I did. Um, 10 months ago.

955
00:50:29,790 --> 00:50:33,080
I tried to overcomplicate the fuck
out of the setup and it just isn't,

956
00:50:33,080 --> 00:50:33,640
it doesn't,

957
00:50:33,640 --> 00:50:36,120
it doesn't need to be like that
because the more you overcomplicate it,

958
00:50:36,260 --> 00:50:37,800
the less, the less,

959
00:50:37,940 --> 00:50:41,800
the less you less consistent your
approach is gonna be because the more

960
00:50:41,800 --> 00:50:43,000
complicated an approach,

961
00:50:43,340 --> 00:50:46,760
the less you can repeat it again and
again and again and and again, again.

962
00:50:46,760 --> 00:50:50,080
And in 10 years time, which is
what we're obviously aiming for,

963
00:50:50,080 --> 00:50:51,880
because now we're, we're an institution,

964
00:50:52,050 --> 00:50:54,480
we have to aim 10, 15,
20 years down the line.

965
00:50:54,480 --> 00:50:59,320
So I need to make sure my approach is
as consistent as physically possible so

966
00:50:59,320 --> 00:51:03,960
I can apply it day in, day out over the
course of the next 5, 10, 15 years. And,

967
00:51:04,100 --> 00:51:08,080
and that, that's why just make
it simple as physically possible.

968
00:51:08,150 --> 00:51:11,280
Make your approach and
ideologies as simple as possible.

969
00:51:11,420 --> 00:51:13,880
And then what you can do is you
can build it from now that's my,

970
00:51:13,880 --> 00:51:15,000
that's my one thing to.

971
00:51:15,000 --> 00:51:17,920
Manage something springs to my mind
as Chinese whispers. It's almost like,

972
00:51:18,220 --> 00:51:20,120
you know, if you don't make
it as simple as possible,

973
00:51:20,120 --> 00:51:24,720
then over time and gradually sort of
veers off to, you know, it's like a,

974
00:51:24,720 --> 00:51:28,040
it's like a hook shop or, or a slice. Um,

975
00:51:28,340 --> 00:51:32,400
the golf analogy right now put by around
how long did it take you to go from

976
00:51:32,400 --> 00:51:34,320
trading newbie to consistently profitable?

977
00:51:35,960 --> 00:51:36,793
Three years.

978
00:51:37,790 --> 00:51:39,320
What's your favorite entry set?

979
00:51:40,700 --> 00:51:45,000
Ooh, um, four hour dominant candle. Um,

980
00:51:45,590 --> 00:51:46,680
four hour

981
00:51:49,040 --> 00:51:52,050
four four hour imbalance to target,

982
00:51:52,050 --> 00:51:56,770
four hour dominant candle from a
counter trend perspective. Um, M 15,

983
00:51:56,770 --> 00:52:01,170
impulsive corrective M 15,
um, back into a potential,

984
00:52:01,580 --> 00:52:03,810
uh, one hour area of supply.

985
00:52:04,880 --> 00:52:08,410
What strategies do you use
to exit or manage trades?

986
00:52:11,160 --> 00:52:15,400
Again, uh, subjective between
the two strategies. So, um, I've,

987
00:52:15,400 --> 00:52:18,360
I've briefly touched on, uh,
the trade management on the,

988
00:52:18,360 --> 00:52:22,840
the trend continuation. Um, and
the risk management again, is,

989
00:52:22,840 --> 00:52:25,560
is tailored to put the two in
the two, but I believe that you,

990
00:52:25,560 --> 00:52:28,280
you'll find that out when obviously I
touched base on the charts. You can,

991
00:52:28,280 --> 00:52:31,080
you can see it not clear, it's hard
to explain cuz it's quite complicated.

992
00:52:31,770 --> 00:52:34,080
Uh, what's your recommended
trading book or resource?

993
00:52:35,010 --> 00:52:37,550
Ooh, I do like training in the
matrix, training in Matrix,

994
00:52:37,570 --> 00:52:41,390
but for psychology where really changed
my ology was can't hurt me by David

995
00:52:41,390 --> 00:52:44,470
Goggins. It really should put things
in perspective. Yeah. So it's,

996
00:52:44,470 --> 00:52:45,750
it's really good book. Really good book.

997
00:52:45,750 --> 00:52:47,590
Another one I can add to my audible. Um,

998
00:52:47,660 --> 00:52:49,950
what's your preferred
broker and trading platform.

999
00:52:51,240 --> 00:52:54,150
Or, um, again, so I,

1000
00:52:54,150 --> 00:52:56,470
I obviously have my broker
that I'm partnered with,

1001
00:52:56,470 --> 00:52:58,190
so obviously it's gonna be a bit,

1002
00:52:58,190 --> 00:53:01,550
it's gonna be a bit subjective and
obviously it's gonna be a bit favored. Um,

1003
00:53:01,550 --> 00:53:03,310
I use under trading the
next one, my MT four.

1004
00:53:03,310 --> 00:53:04,990
And then obviously in
the hedging facilities,

1005
00:53:04,990 --> 00:53:08,470
we'll obviously use a general liquidity
provider anyway that I liquidity

1006
00:53:08,630 --> 00:53:09,130
provider.

1007
00:53:09,130 --> 00:53:12,150
Hey folks, ever wonder what broker
I use? Well, I use HaCo trade.

1008
00:53:12,150 --> 00:53:14,750
It was a no-brainer because I was
looking for a broker with good trading

1009
00:53:14,750 --> 00:53:17,030
conditions and one that
wouldn't restrict my leverage.

1010
00:53:17,050 --> 00:53:18,470
Now by joining HaCo Trade,

1011
00:53:18,470 --> 00:53:22,150
I've also cut down my trading costs
significantly with their super low

1012
00:53:22,150 --> 00:53:24,710
commission of just $1 per 100 K.

1013
00:53:24,710 --> 00:53:28,120
You can learn more@hacotrade.com or
just click the link of putting the

1014
00:53:28,120 --> 00:53:31,280
description. Uh, do you wanna walk
us through your worst ever trade?

1015
00:53:32,540 --> 00:53:34,010
Oh, it's hard because again,

1016
00:53:34,010 --> 00:53:38,770
all my losses are the same now all my
losses are the same. Um, so I, I can't,

1017
00:53:38,770 --> 00:53:43,170
I can't pinpoint my worst ever because
again, they, they're all the same. Um.

1018
00:53:43,320 --> 00:53:47,370
What about back in the day? Was
there any horrendous trade or.

1019
00:53:49,760 --> 00:53:53,400
Probably the one that hurt the most and
probably changed my trade in this is

1020
00:53:53,400 --> 00:53:55,600
what hurt me the most. It
was, uh, I got stopped out,

1021
00:53:55,600 --> 00:53:58,840
It was Gu Schultz and it was
back on, I believe the date,

1022
00:53:58,840 --> 00:54:02,560
the pinpoint date was around about
the 17th of February just as uh,

1023
00:54:02,560 --> 00:54:07,400
the Ukraine war was escalating and
just before the Fed started to increase

1024
00:54:07,400 --> 00:54:10,840
the hiking cycle. And I was massively,
massively, massively USD ball.

1025
00:54:11,230 --> 00:54:13,320
I tried to get into, uh, JUULs,

1026
00:54:13,970 --> 00:54:18,520
we usually in a five pit stop loss I got
triggered out and the rest was history

1027
00:54:18,520 --> 00:54:20,480
over the course of this year died,

1028
00:54:20,550 --> 00:54:25,480
next part 4,000 pips and that
probably when that died and

1029
00:54:25,480 --> 00:54:29,120
it ran for well, well
surpassed a thousand pips.

1030
00:54:29,120 --> 00:54:30,760
That's what really hurt me the most,

1031
00:54:30,760 --> 00:54:33,320
really hurt me and I thought
something needs to change. Yeah.

1032
00:54:33,600 --> 00:54:35,680
Right. Now, uh, last question.

1033
00:54:35,690 --> 00:54:38,840
If you could leave our listeners with
one piece of advice, what would it be?

1034
00:54:39,940 --> 00:54:44,450
Oh, um, it's a, it's a sign of
mine cuz I am a perfectionist. Um,

1035
00:54:45,890 --> 00:54:48,490
anything, any outlook, any business,
anything like that, any product,

1036
00:54:48,490 --> 00:54:51,210
any service, anything
you wanna go into, um,

1037
00:54:51,210 --> 00:54:55,490
take the mindset of if better is
possible good is never good enough.

1038
00:54:56,830 --> 00:54:59,280
Nice, Nice. Now before we wrap up,

1039
00:54:59,280 --> 00:55:01,160
what's the best way for the
traders to get ahold of you?

1040
00:55:02,050 --> 00:55:04,920
Uh, my Instagram, my Instagram's
probably the, that's the,

1041
00:55:04,920 --> 00:55:06,240
the best way of getting ahold of me.

1042
00:55:06,870 --> 00:55:09,760
Well look a big thank you to
Charlie for sharing with us today.

1043
00:55:09,760 --> 00:55:11,960
Everything we've discussed
here, along with all the links,

1044
00:55:11,960 --> 00:55:15,120
including his Instagram, are
in the show notes. To find him,

1045
00:55:15,120 --> 00:55:19,440
simply search for Charlie in the search
box on trading nut.com. Until next time,

1046
00:55:19,440 --> 00:55:22,360
wish all my listeners Trading
Happiness and Success. Right folks,

1047
00:55:22,360 --> 00:55:24,920
there you have an interview done and
thus with Charlie. Now do remember,

1048
00:55:24,920 --> 00:55:28,560
go and check out that video where
he breaks down his week of trading

1049
00:55:29,700 --> 00:55:33,680
the fundamentals. He talks about
the, uh, technicals, he talks about,

1050
00:55:34,560 --> 00:55:35,990
in fact, everything he talks about,

1051
00:55:35,990 --> 00:55:40,830
you're gonna be completely blown away
by this guy's level of knowledge at

1052
00:55:40,830 --> 00:55:44,230
this stage in his career. It is
phenomenal, absolutely phenomenal.

1053
00:55:44,230 --> 00:55:47,550
So go and check that out. Uh, after
you finish listening to this. Um,

1054
00:55:47,550 --> 00:55:50,350
other things do. Remember
we've got Robot Lab Live.

1055
00:55:50,350 --> 00:55:51,870
You can go and check that out over there.

1056
00:55:51,870 --> 00:55:55,510
The Robot Builders Club Black Friday
sale is gonna be coming up, uh,

1057
00:55:55,510 --> 00:56:00,270
in the next week. And the Andrew Mitchell
one, if you've gotta be quick on that,

1058
00:56:00,270 --> 00:56:02,830
hopefully you haven't even left
it too late already. But yeah,

1059
00:56:02,830 --> 00:56:06,790
there's a link in the card description
below or in the podcast subscription as

1060
00:56:06,790 --> 00:56:10,710
well to go and check that out.
Uh, scalping challenge, hit me up.

1061
00:56:10,710 --> 00:56:14,950
Support trading nut.com if you want
to be on the livestream with me,

1062
00:56:14,950 --> 00:56:18,070
scalping the London session.
That's it. All right guys.

1063
00:56:18,070 --> 00:56:19,910
Thanks for watching and
we'll see you in the next.