1 00:00:00,000 --> 00:00:03,240 This podcast is brought to you by the award-winning prop firm, Fidel Crest. 2 00:00:03,380 --> 00:00:06,800 Hey, uh, show him your last paycheck. And I was like, cool. Like, 3 00:00:06,800 --> 00:00:10,440 what is it he showed me and it was 40 grand. And I was like, you made 40 grand, 4 00:00:10,440 --> 00:00:12,400 and, and how long did that take you? He's like, 5 00:00:12,400 --> 00:00:16,840 this was my last week's paycheck. Oh, right. And he was my age, you know? Right. 6 00:00:16,840 --> 00:00:21,080 Really. And I was dead broke at the time. I was just extremely, 7 00:00:21,080 --> 00:00:24,840 extremely broke. We lived in a trailer home and, uh, you know, 8 00:00:24,840 --> 00:00:28,640 my dad got laid off and, you know, I didn't really have gas money, 9 00:00:28,640 --> 00:00:31,760 so I had to use, uh, like whatever was left in my account. 10 00:00:31,760 --> 00:00:34,560 I think it was a couple hundred bucks to pay for the, uh, 11 00:00:34,620 --> 00:00:36,200 the test to become a broker. 12 00:00:36,200 --> 00:00:39,560 When I was taking those small accounts from like 500 to 15 k, 13 00:00:39,560 --> 00:00:42,520 I was realizing that the, the amount of money wasn't making me happy. 14 00:00:42,520 --> 00:00:46,800 It wasn't like satisfying because I was making so much on my past career, 15 00:00:46,860 --> 00:00:50,880 you know, uh, you know, I was used to like a $20,000 day consistently. 16 00:00:50,970 --> 00:00:53,160 So making that, I was like, oh, I can make more. 17 00:00:53,160 --> 00:00:56,760 I can make way more if I just buy more expensive contracts. Hold it, 18 00:00:56,760 --> 00:01:00,240 see what happens. And, you know, maybe I could take the seven K to 40 K. If you. 19 00:01:00,240 --> 00:01:03,080 Had to sort of do a comparison between Smart Money and this, 20 00:01:03,080 --> 00:01:04,760 what you're doing now, what's. 21 00:01:04,760 --> 00:01:06,680 The difference? So Smart Money, uh, 22 00:01:06,810 --> 00:01:09,840 so you'll hear this a lot from Smart Money Guys, right? Uh, 23 00:01:10,090 --> 00:01:13,920 no Smart Money Guy really is getting above like a 50% win rate. 24 00:01:13,920 --> 00:01:16,320 Most of the time it's gonna be around 40 to 30%, right? 25 00:01:16,320 --> 00:01:19,320 Because they're sacrificing the win rate for the higher R, right? 26 00:01:19,320 --> 00:01:23,200 So when I was trading Smart Money, you know, the R could be one to 10, 27 00:01:23,200 --> 00:01:27,320 one to 15, one to 20, uh, but the win rate was like 30, 35. 28 00:01:27,320 --> 00:01:30,560 Sometimes on a bad month it'd be like 20, you know, 29 00:01:30,560 --> 00:01:32,800 but your r would make up for those losses. 30 00:01:32,800 --> 00:01:36,200 Episode 211, we got Evan Christopher on the show today. Now, 31 00:01:36,200 --> 00:01:40,120 this is not just a fantastic trading story, but a fantastic life story as well. 32 00:01:40,120 --> 00:01:44,920 So he was earning 20 K a day before he even started trading. Uh, 33 00:01:44,920 --> 00:01:48,320 then he turned to Smart Money Concepts. Now he's doing another style. 34 00:01:48,380 --> 00:01:52,200 And Hint starts with m You're gonna find all that out in the show. 35 00:01:52,200 --> 00:01:53,240 So stay tuned. Now, 36 00:01:53,240 --> 00:01:56,040 last week I did mention that I was gonna jump on and do a live stream. 37 00:01:56,040 --> 00:01:59,040 I did it last Friday night, my time, London session. 38 00:01:59,040 --> 00:02:01,120 We ran it for about an hour. Look, three trades, 39 00:02:01,120 --> 00:02:02,480 if you wanna find it how it went. 40 00:02:02,480 --> 00:02:04,560 Go and check it out on the Trading Night YouTube channel. 41 00:02:04,920 --> 00:02:08,240 Probably not gonna be around forever. So now is the chance to jump on there. 42 00:02:08,240 --> 00:02:09,840 I'm gonna probably jump on now and again, 43 00:02:09,840 --> 00:02:12,440 and we're gonna try and pass Affiliate Crest Funding Challenge, 44 00:02:12,440 --> 00:02:14,120 so stay tuned for that. Other things, 45 00:02:14,120 --> 00:02:17,080 last week we ran the Robot Builders Club bootcamp, 46 00:02:17,080 --> 00:02:20,240 where we created a bot called the Lazy River Strategy. 47 00:02:20,240 --> 00:02:23,640 This bot is gonna be available for anyone that joins the Robot Builders Club 48 00:02:23,640 --> 00:02:26,640 this January or February, 2023. 49 00:02:27,020 --> 00:02:30,960 And you guys will get access to the recordings that we did in the bootcamp and 50 00:02:30,960 --> 00:02:33,000 the download of that Lazy River strategy. 51 00:02:33,000 --> 00:02:36,800 Now to get it mentioned Lazy River in an email to me when you join. Alright, 52 00:02:36,800 --> 00:02:39,600 folks, enough from me. Let's hear from my sponsor, Fidel Crest. 53 00:02:39,600 --> 00:02:43,280 Fidel Crest is an award-winning profume that funds traders all up to $2 million 54 00:02:43,280 --> 00:02:45,800 and offers generous profit splits up to 90%. 55 00:02:45,800 --> 00:02:49,640 So one thing that really says Fidel CREs apart is their no minimum trading days 56 00:02:49,640 --> 00:02:53,000 requirement on their challenge and verification stages. On top of that, 57 00:02:53,000 --> 00:02:56,080 traders who successfully passed the challenge and verification stages are 58 00:02:56,360 --> 00:03:00,400 eligible to receive a bonus payout of up to 30 K on top of their funded stage 59 00:03:00,400 --> 00:03:02,280 profit split payout on performance. 60 00:03:02,280 --> 00:03:06,960 And be sure to use promo code trading that all One word to get 10% off your next 61 00:03:06,960 --> 00:03:07,400 challenge. 62 00:03:07,400 --> 00:03:10,600 Click the link in the description below or the card above to find out more 63 00:03:10,600 --> 00:03:15,160 Rightio folks. Here we are. We've got Evan Christopher here on the show. Uh, 64 00:03:15,160 --> 00:03:19,400 Evan is the author of, uh, the Market Makers Matrix, 65 00:03:20,050 --> 00:03:22,680 uh, book, which has been around for a while, and there's, um, 66 00:03:22,680 --> 00:03:25,800 some great reviews on it, and it really is a game changer for a lot of people. 67 00:03:25,800 --> 00:03:29,280 We've had past guest Lewis Kelly actually recommend that book for people to 68 00:03:29,280 --> 00:03:32,040 read. So I dunno if some of you listeners or watches have read that. 69 00:03:32,040 --> 00:03:33,480 So welcome to the show, Evan. 70 00:03:34,670 --> 00:03:36,350 How's it going? How's everybody? 71 00:03:37,120 --> 00:03:39,190 Uh, look, I mean, I'm, I I'm, 72 00:03:39,330 --> 00:03:42,830 I'm look itching to get your story here because I know you've been trading for 73 00:03:43,680 --> 00:03:48,270 16 years, uh, from when you first started. So I want to hear, um, 74 00:03:48,330 --> 00:03:52,230 all, all that journey along the way and how you managed to break it, uh, 75 00:03:52,230 --> 00:03:54,790 down to the point where you were able to create a book, 76 00:03:54,790 --> 00:03:56,550 which is now helping other traders. 77 00:03:56,550 --> 00:04:00,070 So do you wanna start off with all the way back to the age of 16? 78 00:04:00,700 --> 00:04:01,360 Yeah. 79 00:04:01,360 --> 00:04:06,350 So I was actually in school and I would read the paper every day. 80 00:04:06,720 --> 00:04:10,430 Uh, the stock part of it, you know, I didn't know what I was looking at. 81 00:04:10,430 --> 00:04:12,150 I was like, okay, what is this all about? 82 00:04:12,570 --> 00:04:14,630 And I would study the paper every single day. 83 00:04:14,630 --> 00:04:17,310 I would just go down to the liquor store to get the newspaper, 84 00:04:17,310 --> 00:04:21,590 and I would just study the, uh, the prices. I didn't know what they meant. 85 00:04:21,590 --> 00:04:24,430 I didn't know anything, and I would get in trouble, you know, they were like, 86 00:04:24,430 --> 00:04:28,070 oh, you're trying to do, you become a stockbroker, this and that. And then, uh, 87 00:04:28,090 --> 00:04:32,470 you know, I had to stop doing that. But then I was just really interested, um, 88 00:04:32,560 --> 00:04:37,470 in the markets at that point that I went on to apply for a series three license 89 00:04:37,470 --> 00:04:41,590 so that I could trade commodities. Um, in that, 90 00:04:42,440 --> 00:04:47,250 when I walked into that firm, um, the guy pitched me, he was like, 91 00:04:47,250 --> 00:04:50,970 Hey, you know, here's a book. And it was like the size of a bible, 92 00:04:51,110 --> 00:04:53,570 and it was about the, uh, rules and regulations. 93 00:04:53,670 --> 00:04:58,450 And then the other part was about the math side of it. And he's like, 94 00:04:58,450 --> 00:05:02,600 you got two weeks to study this, and then you can become a broker. I was like, 95 00:05:02,710 --> 00:05:05,920 sick, you know, I'll do it. And then he called in this, 96 00:05:05,920 --> 00:05:09,440 this kid who was my age at the time. At that point, it had been two years, 97 00:05:09,440 --> 00:05:13,560 and I had done a bunch of trading with my dad. Uh, like in options, 98 00:05:13,560 --> 00:05:16,280 we did all these like option genetics. I don't know if you've heard of option? 99 00:05:16,450 --> 00:05:19,200 Oh, yeah. Way back in the day I did Year Option Genetics. Yeah, yeah. 100 00:05:19,470 --> 00:05:23,360 Yeah. So we were doing option genetics together. We went to a couple of the, uh, 101 00:05:23,360 --> 00:05:26,000 seminars, and then my dad opened up a brokerage account, 102 00:05:26,100 --> 00:05:29,760 and I wasn't old enough at the time, so, you know, I was trading with my dad. 103 00:05:30,570 --> 00:05:34,520 Um, and that just kept sparking my interest in the markets that eventually, 104 00:05:34,520 --> 00:05:39,400 yeah, when I applied at the, uh, the brokers, uh, at the firm, uh, 105 00:05:39,400 --> 00:05:44,020 gave me two weeks. And then he invited some kid in there and he's like, Hey, uh, 106 00:05:44,020 --> 00:05:47,460 show him your last paycheck. And I was like, cool. Like, 107 00:05:47,460 --> 00:05:51,580 what is it He showed me and it was 40 grand. And I was like, 108 00:05:51,580 --> 00:05:54,660 you made 40 grand and, and how long did that take you? He's like, 109 00:05:54,660 --> 00:05:59,130 this was my last week's paycheck. Right? And he was my age, 110 00:05:59,150 --> 00:06:03,050 you know? Right. Really. And I was dead broke at the time. 111 00:06:03,050 --> 00:06:06,170 I was just extremely, extremely broken. Uh, 112 00:06:06,170 --> 00:06:09,610 we lived in a trailer home and, uh, you know, 113 00:06:09,610 --> 00:06:13,850 my dad got laid off and, you know, I didn't really have gas money, 114 00:06:13,850 --> 00:06:17,610 so I had to use, uh, like whatever was left in my account. 115 00:06:17,610 --> 00:06:20,810 I think it was a couple hundred bucks to pay for the, uh, 116 00:06:20,910 --> 00:06:22,650 the test to become a broker. 117 00:06:23,690 --> 00:06:26,640 And then I studied every single day, 118 00:06:27,820 --> 00:06:30,200 and I took the tests and I passed him now, 119 00:06:30,580 --> 00:06:32,400 but then I failed the rules and regulations, 120 00:06:33,610 --> 00:06:36,590 and then I went back to the broker that tried to hire me, and he is like, 121 00:06:37,250 --> 00:06:40,320 he said, you really studied in two weeks. I was like, yeah, I did. He's like, 122 00:06:40,330 --> 00:06:43,760 oh, he's like, we were just saying that. He's like, we just wanted you to study. 123 00:06:43,760 --> 00:06:47,520 He's like, you have money? And I was like, well, shit, now I can't, 124 00:06:47,620 --> 00:06:51,200 now I can't even, you know, pay for another test. So after that, 125 00:06:51,200 --> 00:06:55,760 I went on to get a job, and then, uh, like during, you know, 126 00:06:55,760 --> 00:07:00,680 the mortgage era where everybody was making money in mortgages, and, 127 00:07:00,680 --> 00:07:03,640 you know, I, you know, learned how to do sales and whatnot, 128 00:07:03,640 --> 00:07:05,560 and then that job just wasn't working out. 129 00:07:06,060 --> 00:07:10,320 And so I went online to figure out how to make money, you know, 130 00:07:10,320 --> 00:07:12,160 how can I make money online? 131 00:07:13,430 --> 00:07:18,250 And eventually that led me into this long career of affiliate marketing, 132 00:07:18,660 --> 00:07:23,380 where I ended up becoming one of the biggest affiliates, um, making, 133 00:07:23,410 --> 00:07:27,860 I was making millions of dollars a year. And, uh, you know, 134 00:07:27,860 --> 00:07:32,800 I did it from nothing. Um, and that's what I had done for about 10, 135 00:07:32,800 --> 00:07:37,760 11 years after. And then Covid happened. 136 00:07:38,370 --> 00:07:42,560 Um, and, and before that I was still dabbling in trading. I was still, 137 00:07:42,560 --> 00:07:46,960 I was actually into, uh, penny stocks a lot at that time. But, uh, af you know, 138 00:07:46,960 --> 00:07:47,200 I was, 139 00:07:47,200 --> 00:07:50,440 I was already making so much money that I didn't really care to find a different 140 00:07:50,440 --> 00:07:54,920 type of skillset. Um, I had already mastered one. So, uh, 141 00:07:56,330 --> 00:07:59,650 right around Covid time, like I had lost all the money. 142 00:07:59,650 --> 00:08:04,040 I made just millions of dollars just out the window, just lost within a short, 143 00:08:04,250 --> 00:08:08,840 uh, amount of time, like maybe three or four years. Uh, that was due to just me, 144 00:08:08,840 --> 00:08:12,320 you know, being reckless young, you know, buying, 145 00:08:12,320 --> 00:08:16,680 I bought a couple nightclubs and then a restaurant that just completely failed. 146 00:08:17,060 --> 00:08:20,960 And then, uh, you know, I did some software ventures. You know, 147 00:08:20,960 --> 00:08:23,760 I think I lost half a million dollars in, 148 00:08:23,760 --> 00:08:25,720 in some sort of software venture that I was doing. 149 00:08:25,980 --> 00:08:28,440 And that was more of like a ego thing. Like I just, 150 00:08:29,130 --> 00:08:31,380 I really wanted this software. It was a, 151 00:08:31,380 --> 00:08:34,780 it was a traffic network where I was brokering and selling traffic, 152 00:08:34,780 --> 00:08:38,340 which was doing good. Uh, but then I wanted to build software for it, 153 00:08:38,520 --> 00:08:42,660 and I kind of bit off more than I could chew. And I came, I guess, you know, 154 00:08:42,660 --> 00:08:43,900 that poker turn pop committed, 155 00:08:43,900 --> 00:08:48,660 where I was so invested into it that I couldn't back out at that point. 156 00:08:48,870 --> 00:08:53,060 So I lost a ton of money doing that. Uh, basically lost my company, 157 00:08:53,910 --> 00:08:58,710 um, and then restarted from the ground up. And my last like, 158 00:08:58,710 --> 00:09:03,710 winning campaign in, in that way we call 'em campaigns. Uh, 159 00:09:03,710 --> 00:09:08,190 we made, you know, around a hundred thousand dollars on that. And at that point, 160 00:09:08,190 --> 00:09:12,140 COVID had happened and I said, okay, well's happening. 161 00:09:12,290 --> 00:09:14,940 That means advertising prices are gonna go way up. 162 00:09:14,940 --> 00:09:17,140 I'm not gonna be able to afford this, you know, to, 163 00:09:17,140 --> 00:09:22,110 to continue this denture anymore. I have to find a different skillset. Um, 164 00:09:22,110 --> 00:09:26,070 so I was sitting in one of my hotels at the time. Uh, I was just, 165 00:09:26,690 --> 00:09:29,220 I was just having fun, you know, just going the hotel, the hotel, 166 00:09:29,220 --> 00:09:31,820 different cities. And I was sitting in the hotel, COVID happened, 167 00:09:32,600 --> 00:09:37,350 and I found this guy, uh, 168 00:09:37,350 --> 00:09:41,390 his name is Ty Cody, shout out to Tyco, uh, and he's an option straighter. 169 00:09:42,610 --> 00:09:45,830 And, you know, he was selling this course for 1500 bucks. So I was like, 170 00:09:45,830 --> 00:09:49,750 you know what? Screw, I'm gonna buy this and see what I can do with this. So, 171 00:09:49,750 --> 00:09:52,270 you know, I bought his course and it was going through all the basic stuff, 172 00:09:52,270 --> 00:09:55,630 support, resistance, chemist, good patterns, all that, uh, you know, 173 00:09:55,630 --> 00:09:59,870 heavily young Mac d and, you know, a bunch of different indicators. 174 00:10:00,010 --> 00:10:03,790 And you know, a lot of people say like, indicators support resistance. 175 00:10:03,820 --> 00:10:05,270 They don't work, they do work, 176 00:10:05,270 --> 00:10:08,150 and you just have a different lens that you're looking at the market through. 177 00:10:08,760 --> 00:10:12,830 Um, but at that time, I was actually consistent, you know, um, after learning, 178 00:10:13,140 --> 00:10:16,070 like after when he had taught me, uh, you know, 179 00:10:16,070 --> 00:10:19,790 I was growing these small accounts on the options market too. You know, 180 00:10:19,790 --> 00:10:24,070 I was growing these small accounts like from 500 to 15 K in like a week. Uh, 181 00:10:24,070 --> 00:10:25,950 you know, and I did that multiple times. 182 00:10:26,660 --> 00:10:28,960 But then there was this lack of consistency. 183 00:10:28,960 --> 00:10:32,400 There was just like these small accounts that would just go to these huge 184 00:10:32,400 --> 00:10:36,480 numbers, but then my psychology was all messed up so outta nowhere, 185 00:10:36,510 --> 00:10:39,520 I would just, you know, sometimes I would, I think now, like, 186 00:10:39,520 --> 00:10:43,760 what was I thinking? Cause I would buy like a $7,000 contract for no reason. 187 00:10:43,830 --> 00:10:46,960 Like, oh, I'm just gonna buy this Tesla, $7,000 contract, 188 00:10:46,960 --> 00:10:51,520 weekly expiration and see what happens. You know, it became like this gamble. 189 00:10:51,740 --> 00:10:54,080 And then I realized, um, 190 00:10:54,310 --> 00:10:58,080 when I was taking those small accounts from like 500 to 15 K, 191 00:10:59,070 --> 00:11:02,960 uh, I was realizing that the, the amount of money wasn't making me happy. 192 00:11:03,130 --> 00:11:07,360 It wasn't like satisfying because I was making so much on my past, 193 00:11:08,010 --> 00:11:09,960 uh, career, you know, uh, you know, 194 00:11:09,960 --> 00:11:14,800 I was used to like a $20,000 day consistently. So making that, I was like, oh, 195 00:11:14,800 --> 00:11:19,160 I can make more. I can make way more if I just buy more expensive contracts, 196 00:11:19,350 --> 00:11:21,520 hold it, see what happens. And, you know, 197 00:11:21,520 --> 00:11:23,160 maybe I could take the seven K to 40 K. 198 00:11:23,730 --> 00:11:27,920 So that mindset really was detrimental to like my early trading, 199 00:11:28,410 --> 00:11:30,520 um, career because, you know, 200 00:11:30,520 --> 00:11:34,560 I was just always aiming for this huge home runs all the time. Like, 201 00:11:34,560 --> 00:11:38,760 it just was the biggest lesson that it, you know, that I had to learn is to, 202 00:11:38,960 --> 00:11:43,480 Hey, this isn't like a sprint. This is a journey, and you gotta take your time, 203 00:11:44,090 --> 00:11:44,760 um, and, 204 00:11:44,760 --> 00:11:47,720 and throw the account and develop the skillset to be able to be consistent, 205 00:11:47,730 --> 00:11:50,400 because yeah, you, you're able to, like, you know, 206 00:11:50,400 --> 00:11:52,800 a lot of people can take a small account and flip it, 207 00:11:52,800 --> 00:11:56,520 but that's over a long period of time, it's not sustainable. You know, 208 00:11:56,520 --> 00:11:58,960 especially if the risk management goes out of the window, 209 00:11:59,190 --> 00:12:01,240 they have their trade plan. If they're not journaling, 210 00:12:01,240 --> 00:12:03,560 if they're not tracking the statistics, 211 00:12:03,750 --> 00:12:08,600 it's just not gonna end up panning out over a long period of time. So, yeah. 212 00:12:08,600 --> 00:12:13,440 So from there, um, from learning, you know, from the options market, 213 00:12:13,470 --> 00:12:17,910 I learned, uh, a bit about a different way of risk management, 214 00:12:18,280 --> 00:12:22,180 uh, which was, so there was a guy, 215 00:12:22,180 --> 00:12:26,580 and he's on YouTube, you can check him out. Uh, his name's 13 market Moves. 216 00:12:26,580 --> 00:12:30,780 I dunno if you heard of him. Nice. Uh, 13 market Moves. And, you know, 217 00:12:30,780 --> 00:12:31,980 I watched one of his videos, 218 00:12:31,980 --> 00:12:36,930 but he took 4,000 into 400,000 in three days in the options market. 219 00:12:38,110 --> 00:12:40,210 And I was really impressed, you know, 220 00:12:40,210 --> 00:12:43,450 but what what kind of stood out to me was like, why does he, you know, 221 00:12:43,450 --> 00:12:48,130 he just took 4,000 to 400,000. Why didn't he leave that money in his account? 222 00:12:48,130 --> 00:12:52,330 Like, why didn't he leave? At least leave like a big chunk? And, you know, 223 00:12:52,330 --> 00:12:55,490 people would ask him like, Hey, why, why? Every time you grow an account, 224 00:12:55,490 --> 00:12:58,690 you start with like a thousand, 2000, you know, or 4,000. 225 00:12:58,980 --> 00:13:02,210 He never would deposit like 50 grand, a hundred grand into his account, 226 00:13:02,310 --> 00:13:03,530 but he would make, you know, 227 00:13:03,600 --> 00:13:06,210 a couple hundred grand and pull it out and then just put back four. 228 00:13:06,620 --> 00:13:10,130 So what he would do is he would wait for the market to align for a perfect 229 00:13:10,130 --> 00:13:14,930 trade, and he would use that 4,000. So let's say took 4,000 to 10. 230 00:13:15,110 --> 00:13:18,610 And during that week, because he had a, he had a really good, 231 00:13:18,860 --> 00:13:23,090 he was a very good fundamental, uh, he's really good on fundamentals. 232 00:13:23,260 --> 00:13:26,530 He knows his fundamentals. So he can prepare for, you know, 233 00:13:26,530 --> 00:13:31,210 let's say a month in advance of when to use that 4,000 or 5,000 234 00:13:31,540 --> 00:13:35,930 to grow to those exponential nu numbers, right? Money. 235 00:13:35,930 --> 00:13:39,490 He pulls it out and then deposits a little bit back in, you know, 236 00:13:39,540 --> 00:13:43,370 so I kind of took that type of, uh, risk management approach. 237 00:13:43,700 --> 00:13:47,570 So I'll deposit some money in there, and then I'll grow it to a number, 238 00:13:47,710 --> 00:13:50,930 and then I'll pull it out. Um, so that's kinda the way I risk. 239 00:13:50,930 --> 00:13:53,090 And it also allows me to risk a 50 percentage. 240 00:13:53,140 --> 00:13:56,490 So let's say I have a bigger bank bankroll. Um, 241 00:13:56,490 --> 00:13:57,770 I'll take a piece of that bankroll, 242 00:13:57,770 --> 00:14:02,300 but then I'll be able to risk by the 10% of that bankroll. Um, 243 00:14:02,760 --> 00:14:07,670 but anyways, from, from that part of it, you know, from the options part, 244 00:14:07,820 --> 00:14:11,430 I switched, uh, because like I said, that, 245 00:14:11,430 --> 00:14:14,030 that point of consistency just wasn't there. And I was just like, all right, 246 00:14:14,030 --> 00:14:16,910 you know, I keep blowing these, uh, these option accounts. 247 00:14:17,110 --> 00:14:21,590 And I think I lost around $60,000 in like, maybe my first year. 248 00:14:22,470 --> 00:14:27,340 Um, so I, I just started studying on YouTube, and then I came across I c t, 249 00:14:28,220 --> 00:14:31,490 um, I came across one of his videos, um, randomly. 250 00:14:31,490 --> 00:14:34,370 It was just like a random video. I never studied the four X market. 251 00:14:34,370 --> 00:14:37,610 I actually thought it was a scam. I was like, there, you know, what is this? 252 00:14:37,610 --> 00:14:41,010 The MT four looks like a scam. These brokers look like a scam. 253 00:14:41,400 --> 00:14:44,290 I didn't understand what a PIP was. I started researching on Baby Pips, 254 00:14:44,310 --> 00:14:48,880 and then I came across an I C T video. And then, you know, he, 255 00:14:48,880 --> 00:14:52,280 he pinpointed like a spot in the market, and it just, it reacted from there. 256 00:14:52,550 --> 00:14:55,520 I was like, that's pretty impressive. You know, like, what is that? 257 00:14:55,540 --> 00:14:59,880 And then he said, this is a, this is a fair value gap. So I was like, okay, 258 00:14:59,880 --> 00:15:03,360 like, what is a fair value gap? So I started looking into it. I was like, wow, 259 00:15:03,360 --> 00:15:06,080 that's, that's pretty impressive. And it makes sense, you know, 260 00:15:06,230 --> 00:15:08,080 this actually makes a, a ton of sense. 261 00:15:08,580 --> 00:15:13,400 And then it wasn't until I actually paid to 262 00:15:13,400 --> 00:15:18,120 take a mentorship with a guy named AVEs from a K F X, 263 00:15:18,200 --> 00:15:19,320 shout out to a, 264 00:15:19,550 --> 00:15:23,480 that guy is probably one of the best traders I've ever seen. 265 00:15:24,740 --> 00:15:27,960 And, you know, he was not really studying I C T, 266 00:15:27,960 --> 00:15:31,880 but the concepts that he was practicing were essentially close enough. 267 00:15:31,880 --> 00:15:35,840 It was more supply and demand, and, um, you know, 268 00:15:35,840 --> 00:15:39,240 they were still using their value gaps and stuff like that. Um, 269 00:15:39,240 --> 00:15:42,440 and he had this mentorship, and it really, you know, 270 00:15:42,440 --> 00:15:44,040 it really affected my trade. Like, 271 00:15:44,440 --> 00:15:48,080 learning from somebody actually helped me a lot and learning from him, you know, 272 00:15:48,080 --> 00:15:51,880 he was a great teacher. He was very, like, the way he would explain things. 273 00:15:51,880 --> 00:15:56,160 And he has a YouTube channel, uh, AK fx, uh, that you guys can check out. 274 00:15:56,160 --> 00:15:58,200 It's all pretty stuck. Um, you know, 275 00:15:58,200 --> 00:16:01,520 and the way he explained things made it really very simple to understand. 276 00:16:02,410 --> 00:16:07,130 And then maybe, uh, about a year later, you know, he, 277 00:16:07,130 --> 00:16:11,490 he started trading Bold before he used to trade the Euro. And, uh, 278 00:16:11,490 --> 00:16:15,090 that was about it. He never really traded anything else. It was just Euro. And, 279 00:16:15,090 --> 00:16:18,570 uh, he started trading gold. But then he started doing this, this other thing, 280 00:16:18,570 --> 00:16:22,730 you know, which was support and resistance. And then I was kind of shocked. 281 00:16:22,730 --> 00:16:26,810 I was like, wait, what? I thought support and resistance is like kind of the, 282 00:16:26,810 --> 00:16:30,010 the retail side of things, you know? I was like, that doesn't make sense to me. 283 00:16:30,630 --> 00:16:33,170 And he started posting these, 284 00:16:33,290 --> 00:16:38,250 these charts with his entries where he was swinging his trades 285 00:16:38,250 --> 00:16:42,170 for weeks, but just catching every single swing point up and down. 286 00:16:43,390 --> 00:16:46,370 And I was like, I gotta know how to do that. You know, 287 00:16:46,370 --> 00:16:48,290 because I was naturally scalping. 288 00:16:48,290 --> 00:16:52,490 I was naturally just scalping the market in and out, you know? And, 289 00:16:52,950 --> 00:16:55,690 you know, that was my style. I was just a scouter, 290 00:16:56,790 --> 00:16:59,850 but I wanted to under, it was just like a puzzle to me. I was like, 291 00:16:59,850 --> 00:17:04,250 why can't I hold these traits? They always come back. I can scout great, 292 00:17:04,630 --> 00:17:06,090 but I can't hold these traits. 293 00:17:06,090 --> 00:17:09,130 And sometimes I don't want to be on the charts all day. You know, 294 00:17:09,130 --> 00:17:13,530 when I'm scalping, it's, instead of a, like a one hour, two hour day, it's just, 295 00:17:13,530 --> 00:17:15,090 I'm trading the entire session, 296 00:17:15,090 --> 00:17:17,770 and sometimes I'm not even catching a trade because my setup's not there. 297 00:17:18,690 --> 00:17:22,910 And when Ave was posting his swings, I was like, okay, support and resistance. 298 00:17:22,910 --> 00:17:25,750 You know, that's weird. So I started going back to it, 299 00:17:25,750 --> 00:17:28,830 try looking at sport and resistance. And, um, and then, you know, 300 00:17:28,830 --> 00:17:31,150 I asked him about it. He's like, he's like, Hey, bro, it's not, 301 00:17:31,150 --> 00:17:34,110 it's not YouTube sport and resistance. It's, it's a different thing. 302 00:17:34,990 --> 00:17:39,690 And I was like, well, what is these? Like Malaysian snr? I was like, 303 00:17:39,890 --> 00:17:44,710 Malaysian snr. So Malaysians met these guys, 304 00:17:46,210 --> 00:17:50,320 they can trade like I've never seen before. Um, 305 00:17:50,320 --> 00:17:54,040 these Malaysian traders are honestly probably some of the best traders that I've 306 00:17:54,040 --> 00:17:57,680 seen. And what they developed, 307 00:17:57,680 --> 00:18:02,040 which is basically a, it's called advanced, s n r or Technic, s n r, 308 00:18:02,450 --> 00:18:07,080 is a completely different view of s n R strategies. It's not just, uh, 309 00:18:07,080 --> 00:18:11,160 sport and resistance zones. It's actually very, very accurate. And the way, 310 00:18:11,890 --> 00:18:12,390 uh, 311 00:18:12,390 --> 00:18:17,240 they approach the market makes so much more sense than anything I 312 00:18:17,240 --> 00:18:21,350 did with smart Money, right? So when I was trading smart money, that made sense. 313 00:18:21,350 --> 00:18:25,750 But then there was that, that issue of holding my trades through, you know, 314 00:18:26,360 --> 00:18:29,710 um, and, and understanding like the direction, 315 00:18:29,940 --> 00:18:32,630 like the overall main direction of a move, right? 316 00:18:32,630 --> 00:18:36,310 Because you have multiple timeframes. You have H one, H four, daily, weekly, 317 00:18:36,310 --> 00:18:39,510 monthly, and they're all, sometimes they're aligned in the direction, 318 00:18:39,510 --> 00:18:42,710 and sometimes they're going in opposite directions. So you can get really lost, 319 00:18:42,710 --> 00:18:45,550 especially when you start dialing down to the lower timeframes, 320 00:18:45,550 --> 00:18:50,190 like in 15 and five and one. Um, you know, and so to me, 321 00:18:50,190 --> 00:18:54,790 I was like, okay, I can trade M one and then five, and then 15 fairly instantly. 322 00:18:54,790 --> 00:18:57,310 I can trade those and, and make, uh, you know, 323 00:18:57,310 --> 00:19:01,470 scouts co a couple scouts a day and, you know, be done. 324 00:19:01,930 --> 00:19:05,750 But I wanna learn how to hold and swing my trade so I don't have to be on the 325 00:19:05,750 --> 00:19:06,583 charts. 326 00:19:06,960 --> 00:19:11,790 So that's where my journey started into this Malaysian sn r which is very 327 00:19:11,790 --> 00:19:16,710 hard to, it's very hard to learn because you have the language barrier, 328 00:19:17,440 --> 00:19:21,140 you know? So it, it was, it was really difficult. 329 00:19:21,140 --> 00:19:24,180 So I kept seeking out mentors for, you know, the, 330 00:19:24,180 --> 00:19:28,300 the whole advanced sn r and I probably went through about 331 00:19:29,290 --> 00:19:32,160 10 and 11 of them, uh, 332 00:19:32,160 --> 00:19:36,640 until I found one that was really, you know, like could, 333 00:19:36,640 --> 00:19:40,280 could speak English very well, and, you know, show me the right path, 334 00:19:40,280 --> 00:19:43,000 because some of 'em, you know, they, they would teach you, 335 00:19:43,000 --> 00:19:43,960 but it just didn't make sense. 336 00:19:44,170 --> 00:19:47,880 Or some of it would just give you a little piece and you just couldn't really 337 00:19:47,880 --> 00:19:52,840 like, put it together until you have like a real solid mentor. Um, yeah. 338 00:19:52,840 --> 00:19:55,080 And that mentor completely changed my trading, 339 00:19:55,900 --> 00:19:59,400 and it just opened my view of the markets into just a completely, 340 00:19:59,400 --> 00:20:02,040 completely different perspective. There's nothing like I ever seen before, 341 00:20:02,260 --> 00:20:04,400 had nothing to do with smart money. There was no, 342 00:20:04,400 --> 00:20:08,360 I didn't have to worry about liquidity. I didn't have to, uh, you know, 343 00:20:08,610 --> 00:20:11,680 do the classic big, uh, stock pump break, the market structure, 344 00:20:11,680 --> 00:20:13,360 return to origin. I didn't have to do that. 345 00:20:13,710 --> 00:20:15,360 I didn't have to pay attention to cycles. 346 00:20:15,360 --> 00:20:19,040 I didn't have to pay attention to timing. Um, so to me, it just, 347 00:20:19,210 --> 00:20:23,400 it kind of freed me up from mental capital, right? 348 00:20:23,400 --> 00:20:25,800 Because when trading smart money, you have to, 349 00:20:25,800 --> 00:20:28,800 you have a lot of things that you have to, um, 350 00:20:29,080 --> 00:20:33,440 reference before even entering the trade, you know what I mean? I have to, 351 00:20:33,550 --> 00:20:36,680 I have to make sure that, you know, I came out of a higher timeframe, 352 00:20:37,040 --> 00:20:39,720 supplier demands zone or order block, whatever you want call it. 353 00:20:40,110 --> 00:20:42,120 I have to make sure that there was a liquidity run. 354 00:20:42,230 --> 00:20:45,160 I have to make sure that there was a fair value gap that price can come into. 355 00:20:45,160 --> 00:20:47,200 But then even if it does come into a fair value, gap gap, 356 00:20:47,200 --> 00:20:51,400 does it come into consequent encroachment or does it come to the high end of 357 00:20:51,400 --> 00:20:53,960 the, uh, supplies and on border block? You know? 358 00:20:53,960 --> 00:20:57,440 So there was certain things that there was just, I was missing a lot of trades, 359 00:20:57,440 --> 00:20:59,120 right? So when I was trading smart money, 360 00:21:00,370 --> 00:21:03,220 even though I had the patience to wait for the trade to consum me, 361 00:21:03,220 --> 00:21:07,260 there was times where I would just wait four or five hours and the treatment 362 00:21:07,260 --> 00:21:09,780 never come, but we just run, you know, I'm like, dang, 363 00:21:09,780 --> 00:21:14,420 like how I keep missing the trade. And sometimes I miss trade because, uh, 364 00:21:14,420 --> 00:21:16,460 a lot of smart money traders, I, I don't know, uh, 365 00:21:16,460 --> 00:21:19,380 from the ones you've talked to or whatnot, but, you know, uh, 366 00:21:19,380 --> 00:21:23,620 a lot of 'em use M one. We use M one a lot in, uh, smc M one and five. 367 00:21:24,240 --> 00:21:28,820 And when you're using M one, you're always trying to get these three to like, 368 00:21:28,820 --> 00:21:33,620 less than 10 pip stops, right? Like most time 5, 3, 3 pips. 369 00:21:34,470 --> 00:21:36,490 And then you also have to factor the spread, 370 00:21:36,790 --> 00:21:40,290 but then you are also missing some of those traits. Like, 371 00:21:40,290 --> 00:21:42,090 because you're on such a low timeframe, 372 00:21:42,590 --> 00:21:46,440 you're missing a lot of the opportunities, right? Meanwhile, guys like me, 373 00:21:46,520 --> 00:21:50,920 we're trading, the lowest timeframe I go to now is H one. That's it. 374 00:21:50,980 --> 00:21:55,670 And that's even rare. I'm usually on H four, so I'm not missing the trades, 375 00:21:55,690 --> 00:21:59,550 you know, and I'm still getting sniper entries. I'm still getting very, 376 00:21:59,550 --> 00:22:04,030 very low drawdown, still getting very low, uh, stop losses, right? Uh, 377 00:22:04,030 --> 00:22:06,990 typical stop loss for me, it's under 15 pips, right? 378 00:22:06,990 --> 00:22:10,510 Unless I'm trading in US 30, and depending on the market volatility of us 30, 379 00:22:10,690 --> 00:22:14,550 you know, that can range anywhere from 15 to 30. So, you know, 380 00:22:14,550 --> 00:22:17,510 I'm still still getting the same type of entries and, 381 00:22:17,510 --> 00:22:19,230 and it's almost like the same analysis, right? 382 00:22:19,230 --> 00:22:21,510 But without having to do all the other work, like, 383 00:22:21,510 --> 00:22:25,350 I don't have to pay attention to all the other factors that go into smart Money 384 00:22:25,350 --> 00:22:29,430 concepts. Now, I'm not saying that smart money concepts don't work. 385 00:22:29,430 --> 00:22:31,630 They absolutely work. You know, 386 00:22:31,630 --> 00:22:35,310 and I still view the markets from that perspective sometimes because my, 387 00:22:35,350 --> 00:22:40,070 after all those months and sweat equity of 388 00:22:40,070 --> 00:22:44,110 hours into those, you know, sessions, like, that's just ingrained in my brain. 389 00:22:44,240 --> 00:22:48,510 So I still view the markets in that way sometimes, but, uh, the way I trade now, 390 00:22:48,510 --> 00:22:53,070 it's just completely different than I had ever expected it to be. . 391 00:22:53,290 --> 00:22:55,790 And, and if you had to break down the, the, I suppose, 392 00:22:55,790 --> 00:22:59,710 the stats around when you were doing smart money versus what you're doing now 393 00:22:59,710 --> 00:23:03,950 with this advanced s and r kind of stuff, what would, what would they look like? 394 00:23:04,490 --> 00:23:05,470 I'm sorry, say that again? 395 00:23:05,480 --> 00:23:09,950 If you broke down the stats, so like, for example, win rates, risk rewards, 396 00:23:10,190 --> 00:23:11,510 frequency of trades. 397 00:23:11,510 --> 00:23:14,630 If you had to sort of do a comparison between smart money and this, 398 00:23:14,630 --> 00:23:16,630 what you're doing now, what's the difference? 399 00:23:17,200 --> 00:23:21,950 So, smart money, uh, so you'll hear this a lot from smart money guys, right? Uh, 400 00:23:22,320 --> 00:23:26,230 no smart money guy really is getting above like a 50% win rate. 401 00:23:26,300 --> 00:23:29,270 Most of the time it's gonna be around 40 to 30%, right? 402 00:23:29,270 --> 00:23:33,310 Because there sacrificing the win rate for the higher R, right? 403 00:23:33,310 --> 00:23:36,550 So when I was trading smart money, uh, you know, 404 00:23:36,550 --> 00:23:41,210 the R could be one to 10, one to 15, one to 20, uh, 405 00:23:41,210 --> 00:23:43,770 but the win rate was like 30, 35. 406 00:23:43,930 --> 00:23:47,790 Sometimes on a bad month it'd be like 20, you know, 407 00:23:47,790 --> 00:23:51,600 but your R would make up for those losses. Um, 408 00:23:51,600 --> 00:23:55,120 and then when you're scalping, so scalping is a little different. Scalping, 409 00:23:55,430 --> 00:23:59,720 you're not really, at least the way I was scalping, um, 410 00:24:00,450 --> 00:24:05,040 my win rate was around 80, like 80 to 85% win rate, 411 00:24:05,040 --> 00:24:09,360 but my RR was like 0.5 to one, right? 412 00:24:09,360 --> 00:24:13,400 So it wasn't a big RR when you were scalping, but it was, you were taking huge, 413 00:24:13,400 --> 00:24:14,400 massive lots. 414 00:24:14,400 --> 00:24:18,640 Like I would take like a five or 10 lot on US 30 415 00:24:19,260 --> 00:24:22,960 and just fold it per few seconds, you know, and be like, maybe a minute, 416 00:24:23,220 --> 00:24:27,800 but you would make, you know, grant two grand off of that. But if you, 417 00:24:28,250 --> 00:24:32,720 if you let that SL get hit, like you're in for a big, you know, drawdown. Um, 418 00:24:32,720 --> 00:24:36,800 so your win rate had to be really high on those type of trades. But, um, when, 419 00:24:36,800 --> 00:24:41,160 you know, if I was trading something like Euro or G G P J P Y, 420 00:24:41,620 --> 00:24:43,160 our, our, you know, it, 421 00:24:43,160 --> 00:24:47,980 it really depends because sometimes a trade could go like 422 00:24:47,980 --> 00:24:50,760 for a one to 20, but then your psychology, 423 00:24:50,970 --> 00:24:53,800 if you're not ready for that one to 20, your psychology starts kicking in, 424 00:24:53,960 --> 00:24:58,360 where you start partially out too soon and you're not even realizing you're on a 425 00:24:58,360 --> 00:25:00,640 one minute chart, buddy. You know, like you, 426 00:25:00,640 --> 00:25:03,840 you got a long way to go before you're exiting this trade. So it could, 427 00:25:03,970 --> 00:25:07,400 it could potentially turn into a 1 51 to 60, but you, 428 00:25:07,400 --> 00:25:10,760 you exited so early cuz your psychology isn't there to hold a one to 20 trading 429 00:25:10,770 --> 00:25:12,360 in, in a full position. 430 00:25:12,360 --> 00:25:15,760 Usually you're gonna be taking partials out like a one to five. Uh, 431 00:25:16,210 --> 00:25:18,320 if you're really, like, 432 00:25:18,830 --> 00:25:23,580 I would say a one to 10 is still kind of sketchy to take a, uh, 433 00:25:23,580 --> 00:25:28,300 a partial app or sketchy, it's kind of, uh, early to pick a partial app, 434 00:25:28,300 --> 00:25:32,340 especially on M one. Um, but, you know, most, most guys are, 435 00:25:32,340 --> 00:25:35,060 are taking partials at one to three and then letting the rest of their position 436 00:25:35,060 --> 00:25:38,580 win. So you're not even really getting a true RR of what, 437 00:25:39,130 --> 00:25:42,420 what most people should, most people are, oh, look at this straight one to 20. 438 00:25:42,420 --> 00:25:46,180 But you took partials at one to three, one to seven, one to 10, one to 15. 439 00:25:46,180 --> 00:25:50,570 You basically ended up with like a one to four, you know, in total. 440 00:25:51,140 --> 00:25:53,370 Uh, but for me, with the, uh, Malaysian stuff, 441 00:25:53,370 --> 00:25:57,890 my typical RRR is about one to five. So for me, um, 442 00:25:58,800 --> 00:26:00,490 I swing, I intra swing, 443 00:26:01,260 --> 00:26:06,240 so I won't hold the position for a whole week unless it's 444 00:26:06,240 --> 00:26:08,200 on a Friday, unless I took a position on a Friday, 445 00:26:08,550 --> 00:26:10,360 then I'll probably hold it till the next week. 446 00:26:10,460 --> 00:26:14,240 But typically I'm closing all my positions within the week, uh, 447 00:26:14,240 --> 00:26:19,030 just to avoid any, you know, huge, uh, gaps in the market, you know, 448 00:26:19,030 --> 00:26:22,630 outta nowhere. Uh, like if something gaps in my sl, 449 00:26:23,140 --> 00:26:26,660 which has happened in the past, where something gaps in my l um, 450 00:26:26,950 --> 00:26:29,580 so I usually close everything by the end of the week. 451 00:26:29,790 --> 00:26:34,220 Typical win rate is probably around 60, 65. 452 00:26:34,960 --> 00:26:37,540 And then, yeah, RR is one to five. 453 00:26:37,540 --> 00:26:40,100 But the thing is with rr it's a little, 454 00:26:41,710 --> 00:26:46,360 because I hedge as well, so I'm in sales and I'm in buys. 455 00:26:46,450 --> 00:26:50,500 So if I'm in a cell and a buy, and if, if you looked at my Instagram, 456 00:26:50,500 --> 00:26:53,420 like on my stories, you'll see that I'll have multiple positions. I'll have, 457 00:26:53,420 --> 00:26:54,250 you know. 458 00:26:54,250 --> 00:26:56,980 Yeah, just see one where a stop loss was on either side. And I'm like, 459 00:26:57,050 --> 00:26:58,940 hang on a sec, how does that work? ? 460 00:26:59,110 --> 00:27:00,780 So that was obviously answers that question. 461 00:27:01,100 --> 00:27:04,020 Right? Right. I'll have like four entries, I'll catch a low, 462 00:27:04,020 --> 00:27:07,380 I'll catch another low, maybe I'll sell a high and then take a buy in between. 463 00:27:07,800 --> 00:27:11,100 And at that point, that's what, you know, trapping market. Now it does. 464 00:27:11,100 --> 00:27:14,340 I'm not at the will of them anymore. I just let the trade run hour, 465 00:27:14,340 --> 00:27:17,220 however it wants to go. Um, so if it wants to go up, 466 00:27:17,220 --> 00:27:18,420 it'll just stop me off break even. 467 00:27:18,420 --> 00:27:21,580 But I have a position below if it wants to go, you know, down, 468 00:27:21,580 --> 00:27:23,140 then it'll stop me out of my, 469 00:27:23,140 --> 00:27:27,860 my position and I'll have my cell position at the top of. So, you know, for me, 470 00:27:27,860 --> 00:27:32,780 that's, uh, and not only that, but I'm always keeping something going. So like, 471 00:27:32,780 --> 00:27:36,460 let's say I hit my one to five rr I'll take, you know, 472 00:27:36,460 --> 00:27:41,240 let's say 50% off the table, but I'll let the rest run indefinitely. You know? 473 00:27:41,250 --> 00:27:45,940 So let's say I take a, like, let's say I have a sell, it goes one to five, 474 00:27:46,210 --> 00:27:51,130 I take 50% off, and then I have a buy below and it takes the buyout. 475 00:27:51,130 --> 00:27:54,370 Like let's say I have a buy limit below and it takes it out, it hits my sl. 476 00:27:55,270 --> 00:27:59,440 That position that I had at the top that's running one to five is now making up 477 00:27:59,440 --> 00:28:02,040 for that loss that I had at the bottom that I took. Right? 478 00:28:02,620 --> 00:28:04,440 And then I'll just keep holding that tray. 479 00:28:04,890 --> 00:28:07,320 So I'm always having something running to per, 480 00:28:07,370 --> 00:28:11,280 to protect my account from any major losses. It kind of just gives me a buffer, 481 00:28:11,780 --> 00:28:16,520 you know? And then I basically, you know, like I'll know when, 482 00:28:16,730 --> 00:28:21,520 uh, there's, there's a point where you know, okay, this is a zone, 483 00:28:21,520 --> 00:28:22,360 or not a zone, 484 00:28:22,360 --> 00:28:27,120 but this is an area that I know I'm gonna get an explosive move from that I can 485 00:28:27,120 --> 00:28:29,720 hold for a longer period of time, right? 486 00:28:29,720 --> 00:28:33,280 Because there are moves in the market that are intraday moves that aren't gonna 487 00:28:33,280 --> 00:28:36,000 last, but there's still money on the table that you're gonna leave out. 488 00:28:36,420 --> 00:28:39,190 But there's moves that are also, okay, 489 00:28:39,190 --> 00:28:43,350 this move is probably gonna have a high probability of lasting for a week or two 490 00:28:43,350 --> 00:28:46,430 weeks. I should probably put more size on this one. 491 00:28:46,900 --> 00:28:51,270 I have my hedge position at top just in case anything goes wrong and I can hold 492 00:28:51,270 --> 00:28:51,590 this trade. 493 00:28:51,590 --> 00:28:55,070 This is a trade that I know I can hold based on the way I trade the technic 494 00:28:56,180 --> 00:28:58,470 that I'm trading, right? So there's a, 495 00:28:58,560 --> 00:29:03,430 there's times where the market aligns where you can take a bigger trade with 496 00:29:03,430 --> 00:29:07,570 bigger size and hold it longer. And when those happen, 497 00:29:08,580 --> 00:29:09,690 um, those are, 498 00:29:09,690 --> 00:29:14,490 those are kind of like what makeup for any type of loss that you're gonna take, 499 00:29:14,620 --> 00:29:18,010 uh, along the way, right? Like, it's long. We call it the journey. 500 00:29:18,010 --> 00:29:20,370 Like especially when you're trading goal, you call it writing when a dragon, 501 00:29:20,500 --> 00:29:24,980 so especially when you're writing the dragon, you know, price is gonna, 502 00:29:24,980 --> 00:29:28,220 there's gonna be a point of no return where it just price is never gonna come 503 00:29:28,220 --> 00:29:30,020 back to that for a very, very, very long time. 504 00:29:30,830 --> 00:29:33,370 And you're gonna have sell opportunities. 505 00:29:33,370 --> 00:29:37,530 There's no reason for me not to take sell opportunities, especially, um, 506 00:29:37,710 --> 00:29:41,010 you know, the market isn't something that you can predict a hundred percent. 507 00:29:41,530 --> 00:29:44,200 So even though that area could tell me this is a, 508 00:29:44,230 --> 00:29:48,480 a point of a long term bond and I still need to take that cell, 509 00:29:48,480 --> 00:29:52,040 I still have that set up and there's still an indication of selling that's going 510 00:29:52,040 --> 00:29:54,640 to happen. I still want to take that cell, make some money on it, 511 00:29:54,640 --> 00:29:58,400 and still hold a piece of that position in case I was wrong about my initial 512 00:29:58,680 --> 00:30:01,680 analysis. Right? So for me, uh, 513 00:30:01,950 --> 00:30:06,600 it's a lot about the market flow, how, how it's moving, 514 00:30:06,600 --> 00:30:09,920 the tendencies that it has to, when I say tendencies, 515 00:30:09,920 --> 00:30:13,840 I mean how it ticks up and down, right? Like how it creates its structure. 516 00:30:13,840 --> 00:30:18,200 Every pair has its own characteristics, especially gold. Gold to me is very, 517 00:30:18,200 --> 00:30:22,560 very forgiving. Like it if all the structure very well, uh, for, 518 00:30:22,560 --> 00:30:25,520 for my strategy, right? And for somebody else, it could, 519 00:30:25,520 --> 00:30:27,400 you could not even see structure on it. You'd be like, 520 00:30:27,400 --> 00:30:29,560 I don't see any structure on gold. Gold is risky, it's too, 521 00:30:29,670 --> 00:30:31,920 it's too volatile or whatever, you know, 522 00:30:32,140 --> 00:30:35,440 the issue is with their specific trading strategy. But for me, 523 00:30:35,610 --> 00:30:38,800 in the strategy that I trade, gold is perfect. It's almost, it's, 524 00:30:38,800 --> 00:30:42,570 there's no flaw in, you know, gold is, 525 00:30:42,900 --> 00:30:46,460 is very forgiving and you know, 526 00:30:46,460 --> 00:30:48,620 that tendency that it has to go up and down, 527 00:30:48,750 --> 00:30:52,980 it can also have that moment where you are wrong in your analysis and it edition 528 00:30:52,980 --> 00:30:53,460 drop, 529 00:30:53,460 --> 00:30:56,700 it'll just drop and just beat all the expectations that you have in your head. 530 00:30:56,800 --> 00:31:00,140 But I still caught the trade because I'm not, 531 00:31:00,730 --> 00:31:04,620 I I'm certain in the uncertainty mm-hmm. 532 00:31:04,620 --> 00:31:08,380 Of okay. Now, now do, did you, with this, uh, 533 00:31:08,380 --> 00:31:12,340 hedging approach, I mean, first of all, how did you come up with it? 534 00:31:13,270 --> 00:31:18,240 I didn't. It's just, um, it's, it's how when you learn the, you know, 535 00:31:18,240 --> 00:31:22,320 the Malaysian style of trading, they all do this. They all, 536 00:31:22,560 --> 00:31:23,520 they all kept, like, 537 00:31:23,520 --> 00:31:28,390 like you'll see like MyCharts aren't that crazy at all compared to 538 00:31:28,390 --> 00:31:32,910 some of 'em. But they have just position, like in months, 539 00:31:32,910 --> 00:31:36,150 like months back, they'll have positions that they're holding from the top. 540 00:31:36,150 --> 00:31:39,800 They have the top of gold right now, top of gold alt swing points, 541 00:31:39,800 --> 00:31:42,800 and they're just stacking in every single position. 542 00:31:42,900 --> 00:31:47,380 And then they're also buying in between points because I'll, 543 00:31:47,380 --> 00:31:49,180 I'll go over it when we go over the truck stuff. Yeah. 544 00:31:49,180 --> 00:31:51,740 So, so it's, it's still, it's, it's not necessarily I suppose a, 545 00:31:51,740 --> 00:31:56,500 an uneducated hedge. It is a hedge based on this is just another entry, 546 00:31:56,500 --> 00:32:00,220 but it may be not as long-term entry as the, as the first one. Yeah, right. 547 00:32:00,220 --> 00:32:01,053 Exactly. 548 00:32:01,390 --> 00:32:03,860 So, yeah. You know, and it's, 549 00:32:04,100 --> 00:32:06,700 it's cool because it's no longer like, when, 550 00:32:06,700 --> 00:32:09,500 when you really get into this style of training, it's more like making an art. 551 00:32:09,500 --> 00:32:10,260 You're kind of like, 552 00:32:10,260 --> 00:32:13,460 these are the trades that I put on and I caught every swing point. 553 00:32:13,460 --> 00:32:17,140 Look at the weekly chart. Like you have every point, every daily point. 554 00:32:17,140 --> 00:32:21,100 And it's, it's cool, you know, like it, a lot of the, uh, 555 00:32:21,100 --> 00:32:25,100 there's some essence of guys that can do it, that can do that type of thing. Uh, 556 00:32:25,100 --> 00:32:27,900 I've seen a couple guys, uh, but most of the time, you know, 557 00:32:27,900 --> 00:32:31,620 they're on M one and 15, uh, you know, and they'll take multiple entries, 558 00:32:31,620 --> 00:32:34,140 they'll stack in positions. But it's, 559 00:32:34,140 --> 00:32:36,780 it's a little different when you're traded in Malaysian style. It's, 560 00:32:37,210 --> 00:32:41,680 it's a lot more longer term bolts you're holding 561 00:32:41,680 --> 00:32:45,160 hours or daily, daily positions like. 562 00:32:45,380 --> 00:32:49,200 And what, what about like the sort of the frequency of trades versus the other, 563 00:32:49,260 --> 00:32:52,560 the other, uh, smart money scalping and what you're doing now? What, 564 00:32:52,560 --> 00:32:53,393 how does that look? 565 00:32:53,960 --> 00:32:55,590 Uh, you mean how many trades I take a day? 566 00:32:56,020 --> 00:32:57,790 A day or a week? Yeah, something like that. 567 00:32:58,400 --> 00:33:01,870 So sometimes, like with my, with my students, 568 00:33:01,980 --> 00:33:06,910 like they've seen me trade from like London to London, you know, 569 00:33:06,910 --> 00:33:09,870 where I've just taken the whole intra day, like every single move, 570 00:33:10,020 --> 00:33:13,190 ping ponging back and forth the whole session, that's when I get bored, 571 00:33:13,210 --> 00:33:15,670 you know, and I'm just like, all right, let's just put on some trades. 572 00:33:15,730 --> 00:33:20,500 But typically I'm taking one or two trades a day tops, one to two. 573 00:33:20,950 --> 00:33:24,260 Uh, if I'm, if I'm bored. And I feel like really trading, 574 00:33:24,830 --> 00:33:28,260 because a lot of people miss, see, a lot of people think that trading, 575 00:33:29,360 --> 00:33:33,050 like doing the active trading is what's making you money, 576 00:33:33,230 --> 00:33:36,530 but that's not what it is. It's most of the time you're, 577 00:33:36,560 --> 00:33:40,210 you're patience is what's paying you, you know, 578 00:33:40,520 --> 00:33:45,410 most of the time doing trading isn't what's gonna make you money. You know, 579 00:33:45,410 --> 00:33:48,490 you doing analysis isn't making you money. It's new. 580 00:33:48,490 --> 00:33:50,570 Being patient for the price to come to you. 581 00:33:50,870 --> 00:33:54,410 And then understanding how to execute that, uh, 582 00:33:54,410 --> 00:33:56,970 is what's gonna make you money not be active. Let me take a trade. 583 00:33:56,970 --> 00:34:00,610 Lemme take a trade, lemme take a trade all day long. Yeah. Uh, that's not, 584 00:34:00,610 --> 00:34:04,690 that's not what is gonna, you know, make you a consistent long-term, uh, 585 00:34:04,840 --> 00:34:06,770 successful trader, right? You have to, 586 00:34:06,950 --> 00:34:09,890 you have to really understand your strategy. If you understand your strategy, 587 00:34:09,890 --> 00:34:12,330 yeah, you can, you can spot an entry or a setup, 588 00:34:12,330 --> 00:34:16,840 but then you also have to know when that setup is going to possibly 589 00:34:17,020 --> 00:34:20,640 hit. You know, your SL when you're not safe in the trade anymore, 590 00:34:20,640 --> 00:34:24,920 when the trade is probably like overdue now, the trades, 591 00:34:25,460 --> 00:34:28,440 you should have taken profits already, you know, when the, 592 00:34:28,440 --> 00:34:33,210 the point of it switching direction is gonna be. So those, those factors, 593 00:34:33,740 --> 00:34:38,410 uh, you know, you could trade all day, I guess. But for me it, it's, 594 00:34:38,410 --> 00:34:39,243 it's not about that. 595 00:34:40,040 --> 00:34:40,690 Yeah. 596 00:34:40,690 --> 00:34:43,650 Right. When I was first starting out, it was just trade all day. 597 00:34:43,650 --> 00:34:48,130 Just as many trades as I can get in, you know, and that, 598 00:34:48,130 --> 00:34:51,850 that's obviously doesn't work. That's over trading, you know? 599 00:34:51,940 --> 00:34:54,610 So I, yeah, I don't, 600 00:34:54,610 --> 00:34:59,370 I don't try to take more than one or two trades a day. Okay. Um, and if I do, 601 00:34:59,370 --> 00:35:03,160 it's just cuz I'm bored and I just wanna just do some impressive. 602 00:35:04,470 --> 00:35:06,880 Yeah. What, what about, um, what about like, 603 00:35:06,880 --> 00:35:10,120 so you talked about back in the day when you were doing the affiliate stuff, 604 00:35:10,120 --> 00:35:11,560 you were making 20 grand a day. 605 00:35:11,910 --> 00:35:15,560 Have you found that you're now able to sort of eclipse that or get to a level 606 00:35:15,560 --> 00:35:19,080 that you're now going? No. Is it, have you changed your mindset around that? 607 00:35:19,080 --> 00:35:20,080 That kind of thing? 608 00:35:20,610 --> 00:35:22,320 No, I haven't reached that level yet. 609 00:35:22,320 --> 00:35:24,520 I haven't reached a 20 grand every single day thing. 610 00:35:24,520 --> 00:35:28,760 It's a different business model. Uh, with affiliate stuff, it's, 611 00:35:28,760 --> 00:35:31,840 you set up a campaign, right? But it could take you four years, it could take, 612 00:35:31,840 --> 00:35:36,680 it took me four years to, to see the success in it. Um, and when I did, 613 00:35:36,680 --> 00:35:40,000 when I did see the success, because, okay, here's the difference. When, 614 00:35:40,000 --> 00:35:41,200 when you're doing affiliate marketing, 615 00:35:41,540 --> 00:35:45,960 you can set up a campaign and you get data back, right? You get add data, what, 616 00:35:45,960 --> 00:35:50,360 what landing pages words, you know, what ad networks were, what traders worked. 617 00:35:50,540 --> 00:35:52,000 And then you can say, okay, 618 00:35:52,110 --> 00:35:55,200 I have data that I've purchased and I can use that data. Okay, 619 00:35:55,200 --> 00:35:57,720 this placement wasn't working, this ad creative wasn't working, 620 00:35:57,720 --> 00:36:02,390 but this one was so I can invest my money into that, to that specific placement. 621 00:36:02,390 --> 00:36:04,230 That ad created that funnel, whatever. 622 00:36:04,680 --> 00:36:07,630 So you're buying data when you're trading, you're also buying data, 623 00:36:07,630 --> 00:36:10,110 but unless you're viewing it that way, you're gonna be lost. 624 00:36:10,110 --> 00:36:13,670 Because a lot of people are just, they're taking trades, 625 00:36:13,670 --> 00:36:15,710 but they don't know why they took the trade or they're, 626 00:36:15,910 --> 00:36:19,470 they're not extracting any sort of data from it. So it's just a waste of money. 627 00:36:19,470 --> 00:36:23,630 And that's what keeps you in the loop of losing consistently. Cuz you're not, 628 00:36:23,740 --> 00:36:27,350 you're not extracting the data. You're just, you're just trading and, 629 00:36:27,350 --> 00:36:28,390 and you're, you're not even, 630 00:36:28,390 --> 00:36:31,230 you're probably using the same strategy and wondering why it's not working, 631 00:36:31,470 --> 00:36:35,150 right? Like you're like, okay, uh, if I trade, let's just say for example, 632 00:36:35,150 --> 00:36:37,950 a fib level, a 62% for tracing level. 633 00:36:38,000 --> 00:36:42,310 If I keep trading that maybe this way, this time today, 634 00:36:42,990 --> 00:36:47,470 whatever, it'll work. But there's no significant, uh, extraction outta that. 635 00:36:47,470 --> 00:36:48,670 You know what I mean? They're not, 636 00:36:48,800 --> 00:36:52,990 they're not building a data set where they can say, okay, here are, you know, 637 00:36:53,010 --> 00:36:55,910 the trades that are working and here are the trades that are not working, 638 00:36:55,910 --> 00:37:00,830 and I need to focus on the aspects of my trading system that do work versus 639 00:37:00,830 --> 00:37:04,670 the ones that don't like I'm, I'm wasting money trading without having data. 640 00:37:04,670 --> 00:37:07,150 And the best part is the trading is, you can do it for free. Yeah. 641 00:37:07,150 --> 00:37:10,510 You can get all the needs for free with marketing, you can't do it for free. 642 00:37:10,510 --> 00:37:14,030 You can't just go and run ads for free. Right. So for me, when I was doing the, 643 00:37:14,030 --> 00:37:14,790 uh, affiliate stuff, 644 00:37:14,790 --> 00:37:19,310 it took four years of losing money until I picked something that 645 00:37:19,340 --> 00:37:23,140 made me a ton of money. And at that point it was, you know, 646 00:37:23,140 --> 00:37:27,780 there was more time into that, that, uh, you know, 647 00:37:27,780 --> 00:37:31,260 four years of my life went into trying to make, you know, 648 00:37:31,260 --> 00:37:34,740 a million dollars and then, and then yeah, it paid off eventually, you know, 649 00:37:34,740 --> 00:37:39,180 I made it. But, uh, it just, it's different than trading. 650 00:37:39,180 --> 00:37:40,540 But trading you could, 651 00:37:41,430 --> 00:37:44,930 you could trade for six months and if you do everything correctly and you, 652 00:37:44,930 --> 00:37:49,610 you really take, you know, advice at people and not have this ego, uh, 653 00:37:49,610 --> 00:37:53,130 you could be profitable after six months. You could be profitable after a year. 654 00:37:53,190 --> 00:37:55,050 You know, if, if you really, you know, 655 00:37:55,050 --> 00:37:58,210 buckle down and got your psychology going and, you know, 656 00:37:58,630 --> 00:38:03,610 not try to rush the process, you could really, you know, do something good, 657 00:38:03,730 --> 00:38:06,770 maybe not even be profitable, at least a break even trader, 658 00:38:06,770 --> 00:38:10,210 which is still a good thing to have in your first six months or a year, 659 00:38:10,710 --> 00:38:11,610 you know? Yeah. 660 00:38:11,610 --> 00:38:13,530 What what about, like, you're talking about data there. I mean, 661 00:38:13,530 --> 00:38:18,130 what did you do around the knowledge and the data you had when you had the 662 00:38:18,530 --> 00:38:21,170 S N R advanced stuff? How did you, 663 00:38:21,170 --> 00:38:26,050 how did you sort of get that confidence in it, uh, to start trading in live? 664 00:38:26,660 --> 00:38:28,050 So I was just, 665 00:38:28,480 --> 00:38:33,330 I was extracting data from certain points in the market of where the reaction 666 00:38:33,330 --> 00:38:38,200 is most likely going to happen and the specific entry model for 667 00:38:38,390 --> 00:38:40,480 when price reaches a certain level. 668 00:38:40,930 --> 00:38:44,000 So I started building up a spreadsheet, you know, 669 00:38:44,000 --> 00:38:48,140 I had a spreadsheet and I would track, okay, is it better to sell from, 670 00:38:48,300 --> 00:38:51,820 let's say a resistance become support, or a support become resistance? 671 00:38:51,820 --> 00:38:55,460 Is it better to sell from that or buy from that sell or buy from that level? 672 00:38:56,030 --> 00:39:00,380 Or is it better just to sell or buy from resistance or support? 673 00:39:00,700 --> 00:39:04,820 Right? So if I was selling, you have, you have three levels, uh, 674 00:39:04,820 --> 00:39:08,260 where you can take a cell phone, you have resistance, you have a QM level, 675 00:39:08,940 --> 00:39:12,300 qua motor level, and then you have your support becomes resistance level. 676 00:39:12,720 --> 00:39:14,660 Now those are three data points. 677 00:39:15,200 --> 00:39:19,740 And then we also take the data point from let's say a daily key level. 678 00:39:20,170 --> 00:39:24,620 Okay. When we hit a daily key level and we form that certain market structure, 679 00:39:24,980 --> 00:39:27,060 which point does it typically come back to? 680 00:39:27,060 --> 00:39:31,180 Does it come back to the resistance becomes or support becomes resistance? 681 00:39:31,180 --> 00:39:33,420 Does it come back to the QM level or does it come back to resistance? 682 00:39:33,740 --> 00:39:35,300 Which one is more frequent? 683 00:39:35,430 --> 00:39:37,420 So those are the type of data sets that I was building. 684 00:39:37,680 --> 00:39:40,500 And then I would look at, okay, we came from a daily level. 685 00:39:40,700 --> 00:39:45,220 Where are we most likely headed if we broke structure on the daily versus if we 686 00:39:45,220 --> 00:39:49,740 broke structure on H four, are we most likely headed to the next daily support, 687 00:39:49,740 --> 00:39:53,020 or are we most likely headed to an H four support? You know, 688 00:39:53,020 --> 00:39:55,540 so those are the kind of things that I was building. 689 00:39:55,560 --> 00:39:58,970 And then I was also like, man, 690 00:39:59,260 --> 00:40:02,850 my journey was building pretty crazy. But, uh, you know, 691 00:40:02,850 --> 00:40:07,210 I I had tried so many things, so many different types of strategies, woff, 692 00:40:07,700 --> 00:40:12,370 uh, sm C, all those things. And woff, I would say was pretty good, honestly, 693 00:40:12,920 --> 00:40:17,090 Woff, uh, you know, it, it, it had a lot of validity to it. 694 00:40:17,740 --> 00:40:22,730 Uh, it's just like the, not like the way a lot of people were teaching, 695 00:40:22,730 --> 00:40:27,590 it was wrong because in white o you have volume 696 00:40:28,150 --> 00:40:31,910 which people just overlook. And even now people just use choke. 697 00:40:32,240 --> 00:40:34,790 There's just one piece of whitehawk, you know, 698 00:40:35,170 --> 00:40:39,870 and they're basing their whole entire analysis off that like, it's a magic pill, 699 00:40:39,870 --> 00:40:43,310 but it's, it's not, you know, it's just another lens to look at the market. 700 00:40:43,310 --> 00:40:47,790 You know, there's some elements of woff that are in ICT theories. 701 00:40:48,360 --> 00:40:53,270 Uh, there is some elements of woff into the Malaysian sn r uh, 702 00:40:53,270 --> 00:40:56,470 there's pieces of Woff that are in Elliot waves, you know, 703 00:40:56,480 --> 00:40:59,790 so it's just whatever lens you're looking at the market through, 704 00:40:59,790 --> 00:41:03,150 you just kind of stick to one thing and master it. But with Wipe Off, 705 00:41:03,150 --> 00:41:07,590 I couldn't master it because I couldn't find anything on the volume side of it. 706 00:41:07,590 --> 00:41:07,950 You know, 707 00:41:07,950 --> 00:41:11,950 just this one PDF online that was talking a little bit about the volume there 708 00:41:11,950 --> 00:41:14,670 was that, that Ruben guy, I forgot his last name. Uh, 709 00:41:14,670 --> 00:41:16,270 I tried to study his stuff a little bit, 710 00:41:16,270 --> 00:41:21,030 but there was just not enough about the volume for me to be able to take Wipe 711 00:41:21,030 --> 00:41:25,350 off in a more effective way. Um, I could read the, you know, 712 00:41:25,350 --> 00:41:29,310 the phases and, um, you know, the basic, uh, 713 00:41:30,150 --> 00:41:32,580 schematics of Wipe Off. But, you know, 714 00:41:32,580 --> 00:41:36,120 without the volume and especially with the currencies, uh, 715 00:41:36,120 --> 00:41:37,720 in trading whatever data feature you're getting, 716 00:41:37,910 --> 00:41:41,040 it's kind of hard to dictate what is the accurate volume. 717 00:41:41,040 --> 00:41:43,920 You know? Yeah. That's, that's the difficulty around the, the volume in, 718 00:41:44,010 --> 00:41:47,440 in Forex. I mean, what about the, your decision to write a book, 719 00:41:47,440 --> 00:41:49,200 the book the Market Maker's Matrix? 720 00:41:49,550 --> 00:41:52,480 What was the genesis of that and what's somebody gonna learn if they, 721 00:41:52,480 --> 00:41:54,600 if they pick that book up and, and read it? 722 00:41:54,870 --> 00:41:58,560 Yeah, so that book, it, it was the weirdest thing I had, 723 00:41:59,390 --> 00:42:03,750 I woke up in the morning and it was the first thing on my mind. I was like, 724 00:42:03,750 --> 00:42:06,660 I should write a book. So I woke up, went to my desk, 725 00:42:06,660 --> 00:42:11,220 and I sat there for 48 hours and I wrote the book in two days. 726 00:42:11,710 --> 00:42:12,740 Oh, seriously? 727 00:42:12,970 --> 00:42:14,460 Yeah. It was just like, 728 00:42:14,460 --> 00:42:17,340 this was something that just dawned on me and I was like, okay, I gotta do this. 729 00:42:18,240 --> 00:42:19,260 And I was like, 730 00:42:19,260 --> 00:42:23,220 I know this is gonna help a lot of people who are studying S M C and they just 731 00:42:23,260 --> 00:42:26,420 can't figure out certain, certain parts of it. 732 00:42:26,420 --> 00:42:29,340 Certain moving parts of sm c like Shanghai . 733 00:42:30,060 --> 00:42:33,480 And then especially with the psychology part of it, you know, 734 00:42:33,510 --> 00:42:38,360 I go into a lot of the psychology behind how to trade in that fashion. 735 00:42:38,360 --> 00:42:42,120 Right. Um, that book, uh, you know, 736 00:42:42,120 --> 00:42:47,120 that there's a lot of people that had have read that book and they hit me up 737 00:42:47,120 --> 00:42:50,880 and they're like, Hey, read your book. Great book, love your book. I'm like, 738 00:42:50,880 --> 00:42:55,560 thanks. Do you coach, you know, the methods in this book. I like, I'm sorry, 739 00:42:55,560 --> 00:42:57,960 I don't anymore. I don't trade that way. So I don't, 740 00:42:57,960 --> 00:42:59,920 and that's why I had a big YouTube channel. 741 00:43:00,310 --> 00:43:02,880 I took everything down because I just don't trade s c anymore. 742 00:43:03,590 --> 00:43:07,980 Oh, so the, so the Marketmakers Matrix is based on an SMC style trading? Yeah. 743 00:43:08,250 --> 00:43:09,083 Okay. Right. 744 00:43:09,180 --> 00:43:13,140 Right, right. So it's based on smc and a lot of people got value from it. Um, 745 00:43:13,140 --> 00:43:17,100 but I no longer trade that way. So I don't book the book anymore. I don't, 746 00:43:17,100 --> 00:43:20,900 you know. Yeah. It's cool that I still have it out there. It's still on Amazon. 747 00:43:20,900 --> 00:43:23,740 You still get it and it's still great book, still calling it, 748 00:43:23,740 --> 00:43:27,740 and people get a lot from it who are, who, you know, 749 00:43:27,740 --> 00:43:31,020 want to trade that style. I'm not saying there's anything bad about an S style. 750 00:43:31,020 --> 00:43:35,740 It's actually a great style if you have a fortitude for it, you have that. 751 00:43:35,770 --> 00:43:36,603 Yeah. 752 00:43:36,650 --> 00:43:39,980 That book's great, especially for an entry level, uh, 753 00:43:39,980 --> 00:43:42,900 beginner who wants to learn more about, you know, s c concepts. 754 00:43:43,160 --> 00:43:46,060 And, and you talk about like, you know, if you've got the mindset for it, if, 755 00:43:46,070 --> 00:43:48,260 uh, and you talk about mindset, I mean, 756 00:43:48,260 --> 00:43:52,900 it seems like your mindset was pretty good at the start. Uh, 757 00:43:52,900 --> 00:43:57,020 would you agree with that? And do you do anything to sort of keep it on track? 758 00:43:57,510 --> 00:43:58,660 Uh, at the start of my trading? 759 00:43:58,770 --> 00:43:59,603 Yeah. 760 00:43:59,830 --> 00:44:03,180 Um, yeah, I mean, my mindset wasn't that great. You know, 761 00:44:03,180 --> 00:44:04,780 I still went through all the, uh, 762 00:44:04,780 --> 00:44:08,180 the things that the typical trader goes through the struggles of, you know, 763 00:44:08,180 --> 00:44:11,980 why is everybody else making money? Why am I not, how did they catch this trade? 764 00:44:11,980 --> 00:44:15,140 How come I'm not in that trade? I'm too dumb, not too stupid, whatever the, 765 00:44:15,140 --> 00:44:19,420 the excuses in your, in your head, the negative self-talk, you know, 766 00:44:19,420 --> 00:44:22,460 those things still, even now, they still sometimes arise. You know, 767 00:44:22,460 --> 00:44:25,220 when I see some of my trading mentors and, and I'm like, God, 768 00:44:25,220 --> 00:44:28,260 how did they catch that one? I didn't, I didn't see that. You know, and, 769 00:44:28,260 --> 00:44:30,900 and you can beat yourself before it, or you just say, you know what? I just, 770 00:44:31,070 --> 00:44:35,080 I just didn't see it. It was just not part of, you know, my strategy today. 771 00:44:35,080 --> 00:44:39,080 Or I just, I was, you know, something was bothering me in my head or, you know, 772 00:44:39,080 --> 00:44:44,040 I just wasn't ready for it or whatever the excuse is. Um, but no, I had, 773 00:44:44,040 --> 00:44:45,880 I had, uh, plenty of tough times. I've had time. 774 00:44:45,880 --> 00:44:49,120 I've broken down crying on my computer before, you know, like, it, 775 00:44:49,120 --> 00:44:52,840 it was a very frustrating journey. Okay. You know, I, 776 00:44:52,840 --> 00:44:57,280 I think everybody goes through it and, and it's necessary. Um, you know, it's, 777 00:44:57,280 --> 00:45:02,040 it's part of the, the process to to, to get there. And, and if you're thinking, 778 00:45:02,040 --> 00:45:06,230 like, if you're thinking, um, the, 779 00:45:06,230 --> 00:45:08,430 the further I get into this, the worse I'm getting, 780 00:45:08,430 --> 00:45:11,150 the more knowledge I take on, the worse I'm getting. Cuz that, 781 00:45:11,150 --> 00:45:15,670 that's a commonality too, is, uh, you're, you're not getting worse. You know, 782 00:45:15,670 --> 00:45:19,830 you're just, you're, you're putting more, uh, pieces to your puzzle. 783 00:45:20,530 --> 00:45:24,310 And, you know, that's something that I learned from somebody on YouTube, 784 00:45:24,310 --> 00:45:26,830 you know, when I was going through that phase, I was, you know, dang, 785 00:45:27,620 --> 00:45:32,270 more I know the, the worse I'm getting, you know? Um, and I, 786 00:45:32,270 --> 00:45:34,190 I picked up that psychology thing. It's like, no, you're not, 787 00:45:34,190 --> 00:45:35,870 you're not getting worse. You're, 788 00:45:35,870 --> 00:45:38,230 you're actually learning what you need to be learning. 789 00:45:38,230 --> 00:45:41,270 You're exactly where you need to be. Mm. Uh, you're just, 790 00:45:41,290 --> 00:45:46,070 you just have the information overload, you know, it, it's kind. 791 00:45:46,070 --> 00:45:48,470 I I would say trading's one of those things where you have to learn a bunch of 792 00:45:48,470 --> 00:45:52,080 stuff and then forget most of it, you know? Yeah. 793 00:45:52,350 --> 00:45:57,040 It's funny. It just reminds me of my golf, like, you know, 12 years ago, 794 00:45:57,040 --> 00:45:58,160 maybe 15 years ago, 795 00:45:58,230 --> 00:46:03,120 I went around in less than 90 and I since then got gradually worse 796 00:46:03,120 --> 00:46:06,560 up until like, it just the last few last month, I, 797 00:46:06,560 --> 00:46:09,640 even the last month I actually started getting better again. , right? 798 00:46:09,640 --> 00:46:13,880 I got so bad that I was going around in 130 and I was, 799 00:46:13,950 --> 00:46:16,800 I could not hit the ball. Um, so, 800 00:46:16,800 --> 00:46:21,080 and I'm finally just starting to go back and, and get better now. Right. Um, 801 00:46:21,080 --> 00:46:24,840 we're gonna dive into the quickfire round here and then, uh, then wrap up. So, 802 00:46:25,090 --> 00:46:26,800 um, first question is, Helen Long, 803 00:46:26,800 --> 00:46:29,280 did it take you to go from trading newbie to consistently profitable? 804 00:46:30,260 --> 00:46:33,870 Uh, probably, let's see, 805 00:46:34,820 --> 00:46:38,470 like two or three years, like two and a half to three years. 806 00:46:39,920 --> 00:46:42,860 And that was based on, that was starting from what point? 807 00:46:42,860 --> 00:46:45,460 Because you did start when you were 16, I suppose. So, I mean, is that, yeah, 808 00:46:45,460 --> 00:46:46,010 so. 809 00:46:46,010 --> 00:46:50,740 I mean, when I was, when I was trading penny stocks, I was profitable. Um, 810 00:46:50,840 --> 00:46:55,140 you know, so I had that early, I had that early, um, 811 00:46:55,450 --> 00:46:59,020 lesson in trading. I knew like what trading was about. 812 00:46:59,020 --> 00:47:03,540 It wasn't like I just dived into something. And I also had, you know, uh, 813 00:47:03,540 --> 00:47:06,820 success in the options market as well before I dived into four X. 814 00:47:06,820 --> 00:47:11,300 So I kind of had the, uh, the psychology a bit. 815 00:47:11,980 --> 00:47:16,680 You know, I had a little bit of psychology skills, mental skills. Um, 816 00:47:16,680 --> 00:47:21,160 I had skills before entering Link Forex, so the transition wasn't that hard, 817 00:47:21,620 --> 00:47:23,440 you know? So I would say yeah, 818 00:47:23,440 --> 00:47:27,880 around three years to see like two and a half to see any sort of consistency. 819 00:47:27,880 --> 00:47:30,910 Okay. Yeah. Okay. And, and just to, for people listening, 820 00:47:30,910 --> 00:47:31,790 if you state at the end, 821 00:47:31,790 --> 00:47:36,070 I'll tell you a fun fact around penny stocks at the end of the show, um, 822 00:47:36,070 --> 00:47:37,550 what's your favorite entry setup? 823 00:47:38,770 --> 00:47:41,560 Uh, breakout, pullback entry. Simple as it sounds. 824 00:47:42,410 --> 00:47:46,480 Uh, what strategies do you use for exiting trades and managing them? 825 00:47:47,350 --> 00:47:50,660 Uh, I use key levels. 826 00:47:51,840 --> 00:47:55,820 And do you use any breakevens or trailing stops or anything like that? Yeah. 827 00:47:55,820 --> 00:47:59,140 Yeah. Uh, I always use a stop loss and, and if, uh, 828 00:47:59,140 --> 00:48:02,340 market reaches a certain point, I'll set my, I sell the breakeven. 829 00:48:03,150 --> 00:48:05,900 Uh, what's your recommended trading book or resource? 830 00:48:06,770 --> 00:48:11,300 Market makers matrix, uh, Mark Douglas, uh, training in the Zone. 831 00:48:11,790 --> 00:48:15,140 Uh, that's a really good book to help with your psychology for. 832 00:48:15,140 --> 00:48:17,620 Sure. And what's your preferred broker and trading platform? 833 00:48:19,120 --> 00:48:23,630 Um, right now I would say I'm always testing new ones. 834 00:48:23,630 --> 00:48:27,380 There's one that I'm testing right now called N Onec m uh, 835 00:48:27,380 --> 00:48:30,020 and the reason I'm testing this cause they have a thousand, uh, leverage. 836 00:48:30,020 --> 00:48:31,660 So one of what? Thousand. 837 00:48:31,660 --> 00:48:34,540 Hey folks, ever wonder what broker I use? Well, I use Hanko Trade. 838 00:48:34,540 --> 00:48:37,100 It was a no-brainer because I was looking for a broker with good trading 839 00:48:37,100 --> 00:48:39,420 conditions and one that wouldn't restrict my leverage. 840 00:48:39,420 --> 00:48:41,020 Now by joining HaCo Trade Off, 841 00:48:41,020 --> 00:48:45,180 also cut down my trading costs significantly with their super low commission of 842 00:48:45,180 --> 00:48:47,060 just a $1 per 100 K. 843 00:48:47,060 --> 00:48:50,500 You can learn more@hankotrade.com or just click the link of putting the 844 00:48:50,500 --> 00:48:53,980 description. Okay. And is that T four, T five ctra or something else? 845 00:48:54,790 --> 00:48:55,623 T4. 846 00:48:56,030 --> 00:48:59,460 Uh, and what was your worst ever trade? Do you wanna walk us through that? 847 00:48:59,850 --> 00:49:03,860 Yeah, my worst trade was, uh, AMMC recently, actually, 848 00:49:04,420 --> 00:49:06,140 probably a couple months ago. Uh, 849 00:49:06,140 --> 00:49:10,700 I actually sent out to my telegram group at the time. I said, Hey, uh, 850 00:49:11,020 --> 00:49:15,680 probably should buy M kmc and I bought EMC and it was, you know, 851 00:49:15,680 --> 00:49:19,000 for 1000 to 10,000 in one day, 852 00:49:19,700 --> 00:49:22,440 and then quickly blew that the next day. 853 00:49:23,280 --> 00:49:23,630 Oh. 854 00:49:23,630 --> 00:49:24,670 Geez. Yeah. 855 00:49:26,340 --> 00:49:29,810 Um, if you could leave Alyssa's with one piece of advice, what would it be? 856 00:49:31,260 --> 00:49:32,093 Um, 857 00:49:32,270 --> 00:49:37,210 not to give up to keep pushing and do not trade with live funds. 858 00:49:37,280 --> 00:49:40,930 Like, just stop, you know, like you have demo. 859 00:49:41,070 --> 00:49:43,730 Get consistent on there. Get consistent on the demo. 860 00:49:43,730 --> 00:49:47,570 You can take as many shots as you want and you're not gonna lose any live money. 861 00:49:47,570 --> 00:49:49,410 There's no point to trading, uh, 862 00:49:49,410 --> 00:49:51,450 with live funds unless you've got something going for you. 863 00:49:52,210 --> 00:49:54,540 Cool. Cool. Look, before we wrap up, 864 00:49:54,540 --> 00:49:56,260 what's the best way for traders to get hold of you? 865 00:49:56,990 --> 00:50:01,980 Uh, you can check out my website, uh, black rabbit free.com. I give free tips, 866 00:50:01,980 --> 00:50:06,020 free resources, and, uh, free lessons. So you can definitely check that out. 867 00:50:07,250 --> 00:50:08,020 Okay, cool. 868 00:50:08,020 --> 00:50:10,620 Now for those that did stick around to listen to this Penny stock story, 869 00:50:10,620 --> 00:50:12,260 it's not that good. But, uh, 870 00:50:12,260 --> 00:50:15,780 I was watching an episode of Below Deck, 871 00:50:15,780 --> 00:50:20,020 this reality TV series last week and I'm like, 872 00:50:20,170 --> 00:50:22,140 what the hell they got? 873 00:50:22,140 --> 00:50:25,420 Tim Timothy Soaks was on there as one of the guests on the, 874 00:50:25,420 --> 00:50:30,200 on the yacht and I'm like, damn it. I've interviewed that guy in like episode, 875 00:50:30,200 --> 00:50:32,920 I can't remember. It was my first podcast, 52 traders. I'm like, 876 00:50:32,920 --> 00:50:36,800 I've interviewed that guy who's on, uh, who was on Below Deck, 877 00:50:36,800 --> 00:50:39,280 couldn't believe it. Sweet. If you wanna go and check that out, 878 00:50:39,280 --> 00:50:42,280 I think it is in the members area of trading that, um, 879 00:50:42,280 --> 00:50:44,680 under the 52 Traders podcast. Right? Look, 880 00:50:44,680 --> 00:50:47,720 a big thank you to Evan for sharing with us today. 881 00:50:47,720 --> 00:50:48,760 Everything we've discussed here, 882 00:50:48,760 --> 00:50:50,880 along with all the links are in the show notes to find them, 883 00:50:50,880 --> 00:50:55,040 simply search for Evan in the search box on trading net.com. Until next time, 884 00:50:55,040 --> 00:50:57,680 we all my listeners at Trading Happiness and Success. Alright folks, 885 00:50:57,680 --> 00:50:59,840 do you have an interview done and dust with Evan now? 886 00:50:59,840 --> 00:51:04,760 We did rec record a video after this where he breaks down his advanced S N R 887 00:51:04,760 --> 00:51:08,120 Trading strategy. This is pretty crazy stuff. 888 00:51:08,120 --> 00:51:10,000 Never seen it here on the channel before. 889 00:51:10,010 --> 00:51:13,320 Go and check it out over there on the YouTube channel. Uh, 890 00:51:13,320 --> 00:51:16,400 other things to remember, we've got that live, those live streams happening, 891 00:51:16,400 --> 00:51:19,040 so we're gonna be doing some stuff with the Federal Crest funding challenges 892 00:51:19,040 --> 00:51:23,640 over there. So go and check those out to be in as part of that. Uh, 893 00:51:23,640 --> 00:51:25,040 other things, the Robot Builders Club, 894 00:51:25,040 --> 00:51:29,480 if you do wanna join in January or February this year, 2023, 895 00:51:29,710 --> 00:51:33,960 I'll give you that bootcamp recording with the recordings of the bootcamp and 896 00:51:33,960 --> 00:51:38,720 also the download for the Lazy River. So hit me up Lazy River support at ca, 897 00:51:38,720 --> 00:51:39,000 uh, 898 00:51:39,000 --> 00:51:43,680 trading nut.com and we'll get you that bootcamp when you join the Robot Builders 899 00:51:43,680 --> 00:51:46,360 Club in these two months. Alright folks, thanks for watching. 900 00:51:46,360 --> 00:51:48,920 Thanks for listening, and we'll see you in the next episode, 901 00:51:48,920 --> 00:51:51,880 which if you're on YouTube, you can click around and get access to that now.