[01:23] so I'm going to give it a couple seconds for everybody to show for everybody to show up and then we will get
[01:44] are watching from let see if we can get from let see if we can get any early birds from
[02:03] repeat myself later when there's more people on but essentially every people on but essentially every Tuesday yeah every Tuesday uh between 10 Tuesday yeah every Tuesday uh between 10 and 12 depending on my schedule um I do
[02:18] a live stream Q&A session and so I've made this one public so that people just regular subscribers on the YouTube channel can watch but normally it's a private live stream that I do for the trading floor members so that you guys
[02:33] can get an idea of what it's like in there so I do three Q&A sessions per week one of which is a live stream the other ones are just chat in general the reason I do this is because a lot of Traders have a lot of questions and if
[02:48] you have a question most likely somebody else has that same question so I do it might be I don't know too shy or embarrassed to ask the question might be question and so if somebody asks that question I answer it eight other people
[03:04] benefit from it so um let me know if you guys can hear me and see me
[03:25] camera angle with my foot no wait foot no wait let's go that
[03:40] way right there okay um also excuse my unshaven face because literally I almost I was supposed to do today's live stream at 10: I had to push it back to 12 I just literally did not have time today so no shaved Arty you could see that my
[03:53] uh hold on there we go see the laser hair treatment is starting to work there's like patch is it like doesn't grow here anymore so super excited to never have to shave ever again so essentially um we got enough people here
[04:09] again I do a weekly Q&A session for trading floor members it's an hour a day you get to ask me any questions that you want any analysis on whatever any
[04:21] specific trading questions any questions about bikes or real estate whatever you want to ask me it's an open Q&A session for an hour every single day Tuesday Wednesday and Thursday Tuesdays is always a live stream but I've made this
[04:34] one public to subscribers so you can get an idea of what the live streams are like so ask your questions in chat and I will do my best to answer all of
[05:01] thank you for being a member of the trading floor Helen Dante you are a trading floor Helen Dante you are a badass my friend a
[05:14] day trading um you simply commit to learning it every single day and the more you learn so there's a difference between watching a video and like
[05:26] actually understanding or a tutorial whether whether it's a book or whatever if you read something you're going to have very little retention of it if you together you're going to have more retention if you read something and
[05:40] watch something and then reiterate that information to somebody else teaching it to somebody else or even like popping up your phone and recording yourself explaining what you just learned you will retain 90% of
[05:53] will retain 90% of it so 20% retention by just watching and it so 20% retention by just watching and listening 90% by regurgitating it and teaching yourself it so that you have an understanding that the concept is
[06:11] people insist on trading being impossible because they don't have a strategy they don't have a rules-based strategy where they actually they do not get into a trade unless these four confluences are met and this buy or sell
[06:26] signal is met they just kind of get in and they're like I guess here is a good spot and they win some and they lose some but it's not consistent and consistency is key when it comes to profitably day trading so that's why a
[06:39] profitably day trading so that's why a lot of people do it it's the commitment lot of people do it it's the commitment and what's the if you don't see a trade setup that day or in your trading window you don't
[06:54] the charts and like oh that looks interesting click buy sell like it never interesting click buy sell like it never plays
[07:07] SMC or ICT into your three-line strike strategy have you modified three line strike in the past two years uh no um the only thing that I really do
[07:19] with three line strike is support and resistance which is the exact same thing resistance which is the exact same thing as supply and demand in my opinion I'm probably just going to get [ __ ] on in the comments for that but supply and
[07:31] supply and demand support and resistance psychological price zones like if you mark up those zones basically anywhere where price does this or this and then when price gets there and rejects with a three line
[07:49] money when do you trade the most Tuesday Wednesday and Thursday hike can as she Wednesday and Thursday hike can as she with Ma on The Daily charts please um with Ma on The Daily charts please um no Gold's next move no idea uh do you
[08:02] have a funded account right now I do not Naz does Naas and us30 move the same Naz does Naas and us30 move the same amount of Pips uh Nas and us30 move in amount of Pips uh Nas and us30 move in points not Pips common error um they
[08:21] move they move relatively close to the same amount they are both indices they same amount they are both indices they are both high prices Nas is 15,000 us30 is like 30,000 so you can see that there's a price discrepancy there so
[08:33] price will move a little bit like if us30 moves 1% and Nas moves 1% it's going to be a large it's double essentially essentially so are you familiar with Vector candles
[08:47] uh I am not I have been looking into them um there's it's very broker dependent so like you could be looking at
[09:00] I won't get into it I'll make a video on it but yes Vector candles are a viable it but yes Vector candles are a viable option um but you shouldn't you shouldn't take it as the gospel as some people on YouTube like to tout them what
[09:12] patterns have you been looking for when trading um H Fibonacci retracements I swear Fibonacci is my favorite thing in the world like here let me show you something really
[09:28] quick uh trading view I know you guys can't see my chart I will pop it up in just a second once I get the chart
[10:00] hell okay that was
[10:37] bearish Market structure you can see that because price is going down this is previous um support right once support is
[10:52] um support right once support is broken it usually becomes resistance but broken it usually becomes resistance but what I like to do is when price goes down the move that broke the
[11:05] support right so this move right here it usually goes in one big here it usually goes in one big chunk so if you take a Fibonacci tool to that one big chunk you're going to always get Fibonacci retracements which
[11:20] then continue to break previous structure I love Fibonacci tools they're the best
[11:34] where was I Vector candles what am I looking okay what's the best EMA for swing Traders uh 75 75 EMA do you agree with hidden divergences work do you agree that hidden divergences work bad on low time
[11:49] frames yes because there are so there's so much price movement hidden any type of Divergence is more relevant on the F minute or the 15minute chart as opposed to the one minute or the three minute what is the best type of trading and
[12:04] why uh I like scalping because you're in and out of a trade very quickly and the price action formations are the same regardless of if it's on the daily or regardless of if it's on the daily or the one minute
[12:22] so what is the best type of trading for Indians I'm assuming you meant indices or maybe from India um um scalping still is my answer sir I'm a new Trader and I have a strategy but I don't I don't know how to practice
[12:37] it for back testing if you don't know how to back test something you just need to watch like any one of my videos on back testing um there's one that I did it's you're doing it wrong just do that and if you can't back test because
[12:51] can look back at then you have to forward test you have to forward test on a demo account on the live market and so basically you're just sitting there waiting for your setup and then you go at it what is the best
[13:07] uh SMA or em for day tra so I like Smooth moving averages so the S SMA um I know a lot of people prefer EMAs EMAs are like I want to say 90% of Traders use those does it make sense to paper trade
[13:23] it 100% makes sense to paper trade because it's zero risk trading to build the skill set to which then you have a skill set that you can use with real skill set that you can use with real money and it's very
[13:44] trend line goes when marking a Divergence top or Divergence top or bottom uh okay
[14:01] so the this my friends for regular divergences right you're looking for the
[14:15] divergences right you're looking for the top tops of the in an uptrend in an uptrend divergences happen on the higher highs right so you can see we had a Divergence here let me make sure that
[14:28] you guys can see that see we had a higher high and on the RSI we had a higher high and on the RSI we had a lower low that is a typical Divergence if you are looking at a bearish trend why can't I click
[14:41] why can't I click you you can see we had a low and a lower you you can see we had a low and a lower low and then on the RSI we had a Divergence a low and a higher low if you are looking for hidden
[15:03] uptrend you are looking for these areas right on the bottom the bottom of the uptrend is hidden divergences bottom of a downtrend is hidden bearish divergences so you'd
[15:16] is hidden bearish divergences so you'd be looking at it right let's this low to this low this is a higher low and a higher
[15:34] low here we had a low and a lower low so that means it's a hidden Divergence and a continuation same goes for downtrends so
[15:47] top of I will show you boom you'll be looking at these regular divergences hidden divergences regular divergences
[16:00] hidden divergences regular divergences hidden complicated divergences were until people really started asking about it like in-depth questions I'm like oh this actually a deep
[16:23] comes to entering my trade so I either Exit too quickly or not able to execute a trade how you overcome this if you have rules that says RSI must be here it must be above this EMA it must be between 9 and 11: a.m. you know
[16:41] UTC if those rules are met you enter if you have a problem holding close your computer and look at it tomorrow yo Ry I just turned 17 and started my day trading Journey at 816 watching your stuff just want to say
[16:56] I've learned so much and getting consistent now I'm so grateful that you decided to join me in my YouTube journey and learn how to day trade um I wish I
[17:08] time and do this stuff when I was younger my intern is now 17 he's turning 18 next month and I'm Blown Away by
[17:20] I'm Blown Away by how well he's doing like he's so far ahead of me at his age it's ridiculous
[17:34] uh there's a lot of questions today sorry if I don't get to you um what is the what is your what is your for the traders who want to enter a prop firm my advice for the pr traders that want to enter prop firm is to do a free trial
[17:48] and over and over and over and over again until you can pass it just as easily as you brush your teeth in the morning I have 50 videos on fibs ant
[18:02] king FX could you do a video on Market structure it seems like I'm getting them I realize still far from it thanks for the dude seriously for those of you guys
[18:14] that aren't in the trading floor course like everything step by step and like everything step by step and it's it's lecture style every piece of information is required to make the cont concept teachable so whatever question
[18:32] you might have about Market structure uh support and resistance or engulfing candles or anything from Smart money Concepts whether you're looking at fair Concepts whether you're looking at fair value gaps whatever it may be it we go
[18:45] over it in every single lesson on that website in such fine detail and then give you 70 onart examples of how it looks and we do that on video and then we give you a workbook so you actually can print out a PDF form that has every
[19:02] single candle formation as your reference guide so while you're trading you have your smart money Concepts PDF booklet open and you're like okay I see this candle formation I think this is it let me double check my workbook boom
[19:15] that's it and you get into your trades the amount of knowledge and the amount of time the thousands of hours that I spent recording these videos and a way that's understandable by every single human being and the fact that
[19:29] single human being and the fact that it's in like 15 languages with subtitles is insane like if you have an indepth question on something trading it's in the course a million percent a million percent a majority of Q&A session time
[19:45] video I explain it and it's like a 20 minute video so I can't just answer in a Brokers are only allowing 1 to 30 Leverage is there anything I can can
[19:58] look for so there's some brokers in Australia like blueberry markets where they have a sister company which is essentially them but they've uh licensed essentially them but they've uh licensed the company in Malta or Costa Rica or
[20:13] somewhere else that has less regulations and then they offer that one to 100 or 1 to 500 leverage because Australia you know they had it was mandates way like three four years ago where they started cracking down on the Brokers and so I
[20:29] was with blueberry markets for a while and then they switched it and they like migrated my account somewhere else and there was such a lag I didn't like it so but now they've worked out the bugs but yeah most just go offshore dude I don't
[20:46] know why people are so afraid of it I mean yeah there's some scams out there but like any of the Brokers that I recommend haven't had any problems with them like Osprey FX
[21:07] apart from Thunder Pro what prop firm would you recommend Osprey has a prop firm also and ftmo would be my my three
[21:26] recommend on 5 minutes um dude I'm really liking StairMaster on um dude I'm really liking StairMaster on the F
[21:39] up indicators stair
[21:53] Master let's go five minute let's get rid of all of the noise essentially it you get a shoe print signal buy or sell um on that regardless
[22:11] of the if the lines are there I just know that I'm crossing that support anyway uh essentially what you're doing is looking for a break of a trend when the break of a trend happens you take your first Sho print signal I have this
[22:25] currently on high and ashy candles because it works really really really well but essentially you're looking for the first green candle in an upside after a trend break with no Wick and then you get the signal and you have a
[22:40] then you get the signal and you have a super tight stoploss and you know you get yourself a one to two and you're good to
[22:54] take a couple more but after you get the first one of the Trend break don't Target one to twos I want you to Target um one to 1.5s because you don't know how long
[23:07] this trend is going to last and so as the trend goes on only do one to 1.5s the trend goes on only do one to 1.5s until that trend is uh broken and then you're looking for the sell size unless you fall into a period of
[23:22] consolidation as we are having right here okay cool
[23:40] make it public I'm sorry I'm sorry people that are in the trading floor I attention but um trying to grow the family I'm trying to convince you guys that getting into the trading floor is an actually like a
[23:55] a net benefit anybody here watching this from the trading floor if you'd like to share with the rest of the people in the comment section how good it actually is inside I would be greatly appreciated because there's only so much
[24:10] that people will listen to me and what I have to say about something if they get advice or some sort of input from a third party that's non-biased they'll be okay like this is working for average people if you are an average person and
[24:24] you've become a profitable day trader share it in the in the chat I that's going to say more than I could ever say about the
[24:38] company let's scroll down a little bit get to some recent questions do you believe it's possible to make a $100,000
[24:59] from hold on I don't know if I'm reading this $100,000 from a172 for a
[25:13] a172 for a beginner even if it was $172 the statistical likelihood of you getting everything likelihood of you getting everything right for an entire year and having like
[25:26] right for an entire year and having like over risking your trades it's so absurd statistics wise yeah it's possible but it's like one in a million like it's
[25:40] million like it's so no no and it's a terrible way to trade you should have you know a $100 account risking 1% so each trade risks account risking 1% so each trade risks $1 if you win you get
[25:53] $2 if you have a $100,000 account those numbers are much better and much more viable income so instead of risking your own $100 spend that $100 on a funded account challenge whether it's through funder Pro or
[26:07] ftmo you know and you're only risking one to three to $400 and if you pass you get a [ __ ] multi 100,000 account if you make 2% off on a $100,000 account it's
[26:24] $2,000 that's like minimum wage for an entire month from one trade it's ridiculous God I really regret not shaving I look like
[26:45] really just doesn't really make sense like it's just if you're doing proper risk management it should make a management it should make a difference what you're Trading
[27:05] can a thousand standard Lots move Euro USD not really I mean it would a little but these banks are moving tens of
[27:29] sir I trade you at only chart patterns and work 60% how cool is that you have any other things going on tell me to add it I don't know what the [ __ ] you're saying I'm sorry if you okay sir let me let me try
[27:46] to squint my eyes if you only trade part chart patterns and you have a win rate and it works 60% of the time is there any other things that you higher that's what I'm assuming you meant to
[28:10] good but they're very retail and so you need to look at every one of them with is this a trap in your brain hole if you've you know just recently broken a trend and you've started to build structure in the
[28:25] opposite direction then all you got to do is just see if you're breaking above previous structure if you can do that with support and resistance or supply and demand zones that'll increase your win
[28:49] divergences um I mean divergences happen all the time so it's unavoidable you either learn how to use them and to your benefit or you just ignore it and like benefit or you just ignore it and like that didn't
[29:05] been actually playing with the platform for the last couple of months and I've actually made a decent amount of money off of binary options because it's so simple it's either the price is going to be higher than it is right now or the
[29:17] price is going to be lower than it is right now it's super easy trading but I kind of do it like uh slot machines it's it's a fun thing I don't do it as my primary source of income but sometimes I make really good money off
[29:31] of it I might do a video on it later if I get enough people asking about it but yeah I mean normal day trading on a e ENC broker ecn I always get that confused is completely
[29:47] respectable most people call you an idiot for trading but there's so many comments Jesus how many Pips should you expect in 15minute Divergence and respectfully different time
[30:11] frames well if you look at a price on the 15minute time frame and pop up this wonderful indicator
[30:25] it's free we've made multip free indicators for you indicators for you guys this is the current ATR the average guys this is the current ATR the average true range at any given
[30:39] time you know that price exists so let's put it in replay mode I can't do it on these bars but essentially um at this given bars but essentially um at this given point an average true range of where
[30:54] price is potential to go is between here and here so if you measure that and this is on a 15minute chart the average price at that
[31:07] level is 160 points so it could swing 160 points in either direction if you're looking at a Forex pair like gbpusd at any given 15minute time frame there is a different ATR so you would
[31:24] measure it at the low end you're looking at 20 four Pips and on the high
[31:38] that's that's how price moves sorry you guys can't see my chart so ha I suck at live streaming I swear to God so essentially you go to indicators you essentially you go to indicators you type in ATR and you'll see ATR banss by
[31:53] the trade floor um add it to your charts and definitely add it to your face favorites because if you're wondering like oh what's the range that it's you know this is the range so right here on a gbpusd it's 254 Pips right here it's
[32:07] 75 Pips if we look at NAS 100 we can see here that the total range at this 15minute candle was 160 so you could be potentially looking for 160 Point potentially looking for 160 Point move it also works well so say you're
[32:22] getting into a short position um this is why I love the ATR position um this is why I love the ATR bands so say you're getting into a short position right here and you don't know where to put
[32:36] it next to structure to the left but stopped out if you do it at the ATR bands you're less likely to get stopped
[32:57] Tuesdays Wednesdays and Thursdays but if I don't see the Perfect Trading day where there's like no consolidation price is strongly trending then I will trade I do not waste my time and energy sitting on the charts waiting for a
[33:13] trade setup I have way too many other obligations to be able to commit time to sit in front of the charts for those people that ask me why don't I just make all my money trading I [ __ ] hate it it is the worst most boring thing in the
[33:29] world and it is stressful and if I lose my eyesight I can't do it anymore so from my trading income I've bought in real estate which earns me money from my
[33:41] real estate which earns me money from my trading income I've also built like a safety nest and like bought a bunch of cool [ __ ] but from my trading I've gotten educated in it I've learned it well and I'm a good educator so I've
[33:56] decided decided to create the YouTube channel the YouTube channel through ad revenue is another stream of income so I teach people how to day trade and then I get money from Google for the amount of people that watch my videos I've also
[34:12] created a course that I don't know I think we have 12 people on staff me a business partner and 12 people on staff I think that's the total number with interns and everything and assistance it's about 12
[34:26] people there's 6,000 people in that group and that provides me additional income and then all of my affiliate links inside of YouTube videos those
[34:38] provide me income so I'm no longer ryant on my day trading provide me money I have money coming in from all angles so day trading is no longer a priority it's just extra vacation money or if I want to buy a new engine for my car because I
[34:54] want it to be 1,000 horsepower I can trade some more but I can also choose trade some more but I can also choose not to trade and you know make a wood shop for myself and Whittle wood because I I seriously hate day trading it is the
[35:09] Catalyst to get you out of your [ __ ] position to have some money to invest in other things that are more viable long term could you imagine yourself at like I don't know like say you start at age 20 could you imagine yourself sitting in
[35:24] front of the charts every single day at age 60 [ __ ] that excuse
[35:40] trading should be in your life is the ability to make a large amount of money so that you can use that large amount of money in something that is more sustainable long term period I'm here to teach you how to
[35:54] make a ton of money on the internet like you have freedom of location freedom of time you just get on the charts you do the work you educate yourself you practice on demo and then you get profitable you save all of your money
[36:07] and you're like cool now I have $500,000 of cash how can I use this so that I don't have to trade anymore that should be your
[36:25] God I'm going to go on a little bit of a rant here every single influencer Forex Trader that buys huge houses and Lambos
[36:41] Trader that buys huge houses and Lambos and gold chains and like Spinners if those are a thing anymore those wheels that spin or like three rolls-royces and three Lamborghinis so stupid and so absurd to
[36:56] Lamborghinis so stupid and so absurd to me it is a immature child inside me it is a immature child inside screaming look at me look at me if you screaming look at me look at me if you were intelligent more stoic and an adult
[37:09] you would take that money from your trading and instead of buying four rolls trading and instead of buying four rolls royes you would buy 19 investment properties that have Property Management all set up and that becomes passive
[37:23] income for you and your next Generations of your family for time and all existence if you were to take the money from Trading let's say let's say you
[37:35] spent $10 million on cars because you're some Guru Trader and you made a ridiculous amount of money if you were to take that $10 million and instead of buying depreciating assets invest that
[37:49] all into the Vanguard index fund which is a mimic of the S&P 500 you would get between 8 and 10% annually returned interest on that right
[38:03] so it would grow 8 to 10% plus a majority of that stuff like cocacola or Johnson and Johnson they pay dividends annually so your total $10 million is getting you 10% per year 10% of $10 million you
[38:21] could live off of that very comfortably if you withdrew it all if you let it add and comp pound you would get so much money and then live off of dividends money and then live off of dividends like it's nonsensical illogical and so
[38:34] immature to do all of the [ __ ] that these influencers are doing and so I would urge you to please not listen to them because it's [ __ ]
[38:51] ridiculous no Chad Wick it's not a good St trading
[39:26] questions [Music]
[39:52] where's the actual Forex is trading what is the exchange no is the exchange no um
[40:04] another video no Forex Trading is not on like the Futures exchanges like you're talking about the Chicago mertile Exchange or whatever it's not like that which is a third party between the transactions that you're
[40:20] making that that's the most basic way I can explain can explain that
[40:41] mitigate the fear of entering a trade I am going to explain this with analogies because analogies are the most common ground way to explain anything in ground way to explain anything in life imagine that you are you didn't
[40:55] learn how to ride a bike when you were uh younger right and you're 15 years old and you got to learn how to ride a bike now you have your balance you know what to do you get on the bike you fall you get on the bike you fall you keep going
[41:07] eventually loosen up those training wheels so you are you know using your cord to find the stability and then the gyroscopic movement of the tires keeps you upright because you've realized that you're now going fast enough once you
[41:19] get that click and you are now riding your bike you can learn how to use your brakes how to manipulate the bike a little bit and you get more and more and more and more comfortable with it to the point where you and six of your friends
[41:31] are just run running around the neighborhood causing chaos riding your bikes jumping off of curbs you know kicking trash cans one-legged standing on your bike and it's such a natural thing for you and there's no way that
[41:45] you could forget how to ride a bike you would always pick it up and just get on would always pick it up and just get on it because of the practice because of the amount of hours and commitment that you had to learn how to do that thing
[42:00] once you learn how to do that thing you can't unlearn how to do it or like forget somehow so if you do that same concept in learning how to day trade and learning how to day trade actually
[42:14] learning how to do it on a demo account I know people are it's only demo demo is the most important part of day trading if you do it on a demo account for long enough you are always always profitable and you're so good at it and you know
[42:29] exactly what to look for every single time you get on the charts and it's just like natural to you and it just money flows in and then you do that on a live account and you're making money hand over fist week after week month after
[42:43] month and you're just [ __ ] raking in the money because it is a skill set that you put in time to learn just like you put in time to learn how to ride a bike you don't unlearn it the only way you're going to have the confidence to get into
[42:57] going to have the confidence to get into a trade is to be a absolute weapon on a demo account okay if you can do it on a demo account and just you all you see is blue all day every day just thousands upon thousands of dollars that amount of
[43:13] confidence inside of you once you get on a live account is going to just dominate so if you're scared about entering a trade it's because you're risking money trade it's because you're risking money that you don't that you can't lose that
[43:28] to lose and you don't have a strategy that you know will win I know that's not the answer that you you're hoping there's some magic like oh if you do eight push-ups and do
[43:42] this breathing exercise you won't be afraid to enter a trade no you're not afraid to enter a trade because you know that it'll [ __ ]
[44:19] thousand standard Lots in Forex I don't know if you guys are trolling or actually being honest but I would like you to be less of internet trolls and more adults and ask me questions that are actually relevant that people would
[44:33] also like to know otherwise I'll just make this unlisted when we're talking about pair currencies for example EUR EUR Euro
[44:51] USD that jumped hold on Boom there's the question when we're talking about pair currencies for example Euros USD so why can we only buy
[45:05] example Euros USD so why can we only buy euro but we can't miss you have it wrong you're thinking about like
[45:20] um a Currency Exchange Place like if you went to in Poland we call contor they have them at every Airport terminal essentially you go there and you're buying Euros for you know your USD or your polish or whatever when
[45:36] you're trading Forex the currency pair is paired Forex the currency pair is paired together so let's say right now um what is it gbpusd is
[45:50] gbpusd is 1.22 1.22 USD so a122 in US dollars is the equivalent of
[46:04] a122 in US dollars is the equivalent of one British pound so if it was a one to one the price would be one so one British pound would be British pound would be one um dollar if that if you were
[46:18] expecting price to go down from 122 to $1 you would enter in a sell position that sell position is basically you borrowing that those um those
[46:33] dollars and then waiting for the price to go down and then you are giving back that same amount of dollars minus the 0. 22 that is now your profit that essentially shorting is borrowing and then paying back later for the amount
[46:49] then paying back later for the amount that you
[47:04] actually a really cool feature I didn't know that you can click on these things and it'll pop up on the screen that's the hardest lesson I've learned oh [ __ ] I'm laughing in a room by myself my life is kind of boring um
[47:20] what is the hardest lesson I learned in trading and of people are doing trading to make money to get out of their [ __ ] situation
[47:34] because they're sick and tired of being poor but scared money doesn't make money poor but scared money doesn't make money and that is a lifelong hard truth if and that is a lifelong hard truth if you deposit ,000 doll into your trading
[47:47] account and you have it in the back of your mind like God please I cannot lose this amount of money I can't recover if I lose this money and then if you start seeing negative it starts this degeneration of your brain and you just
[48:03] get more and more scared and more and more standoffish and your trades literally just loss after loss after loss and you end up blowing all of loss and you end up blowing all of it you have to have put aside money for
[48:17] it you have to have put aside money for trading that you are 100% willing to lose and if you lost it it would be the same as I don't know like you have this piece of paper in your pocket and like this piece fell off and you lost it
[48:32] this piece fell off and you lost it that's how losing ,000 should feel when you're trading which is why I highly recommend funded accounts because if you side hustle I I could make $500 in a single day by going to
[48:47] Marshalls I guarantee you Ross or Marshalls go to the fitness clothing section get some Adidas hoodie and some like Adidas sweatpants like a
[48:59] and some like Adidas sweatpants like a medium or a large those sell the easiest and then go on um like Facebook Marketplace or Ebay if you have an account or and you're allowed to or if you're in the United States and sell
[49:12] you're in the United States and sell that [ __ ] for you know 20 bucks more so like buy the hoodie for $19.99 from Ross and then sell it for 40 bucks everybody else is selling it and you'll sell instantly and do that 10 times and
[49:27] sell instantly and do that 10 times and you got a couple hundred it's it's so stupid easy I did it for so long I almost felt like I was committing a crime because it's so easy arbitraging the price between two different things
[49:43] the price between two different things is Bitcoin like that tool that uh ripped everybody off the founder of FTX when he
[49:55] first started making his money he was buying Bitcoin in Japan because it was worth you know like I don't know 9,000 and then selling it in the US for 11,000 so every single Bitcoin he would make two grand and so he would do that a
[50:10] two grand and so he would do that a couple hundred thousand
[50:32] you will lose a lot of money before being profitable do you really agree no old me would have said yes because you need to go like it's it's it's The
[50:44] Hazing period it's like being a Freshman in high school like you got to lose some money before you can make some money absolutely not because my intern
[51:01] till he's 18 to get a real account funded challenge like he's he's been passing free- trials left and right when he gets there he's going to be so he gets there he's going to be so skilled he will never lose money he will
[51:15] pay $400 for his Challenge and he will pass it and he will only make a profit so if you put in enough practice the losing money before you're profitable is a scary story that Traders tell to keep
[51:31] people away or to justify the it's still going we still got another I don't know 10 days or
[51:51] and how they're winning and how much money they've made you should sign up
[52:28] um yeah I'm going to spend the next couple of seconds talking about that because here's the thing a lot of you guys have watched a lot of my YouTube videos but they're so sporadic and like a little bit on this a little bit on
[52:41] this I like to keep them condensed because YouTube doesn't like ridiculously long videos or ridiculously short videos so it's got to be this balance of like seven to 10 minutes and so I teach as much as I can in an easy
[52:55] so I teach as much as I can in an easy to digest Way on YouTube but to really deeply understand these Concepts and topics you must need to get it more topics you must need to get it more lecture style where we start from a and
[53:08] we go all the way to Z so we start with candle formations why candles are formed a specific way why a series of candles tells a specific story and how those specific stories tied together create Market structure and price action
[53:23] support and resistance uptrends down Trends supply and demand zones Fibonacci retracements why Fibonacci is like the ultimate thing in all of everything the universe the length of your arm from the middle of your chest to your fingertips
[53:37] and like it's all we're a Fibonacci retracement all plants are a Fibonacci retracement butterflies are a Fibonacci retracement
[53:53] highly suggest that you go to this website right there because there we will give you a syllabus on that syllabus it says what you should start with beginner intermediate and advanced logic and terms of day trading then
[54:08] overlooking the entire glossery where there's like 7,000 trading termin terms all the trading terminology essentially and then you get into deeper whether it's smart money Concepts whether it's Inner Circle trading ICT
[54:25] whether you want to trade fundamentals whether you want to trade only whether you want to trade only technicals whether you want to trade futures or you know if you want to trade Forex on ENC Brokers all of that is
[54:38] broken down and then once you've learned all of that information we give you five specific rule-based strategies so that you don't have to create your own because we've created them for you with buy and sell signals and back tested
[54:52] results I mean thousands upon thousands thousands thousands of back tested results so that you don't have to do it yourself you then pick one of those and test it on a demo account and we this is still on the syllabus all the things
[55:05] that you need to do in order to be successful once you have finally successfully traded profitably on a demo account for 30 days using one of those strategies that we give you with all of the rules for entry and access to the
[55:17] indicators to make those buy and sell signals appear on your charts then and only then should you consider either a live account or a funded account again all of your demo trading should really be on a funded account challenge
[55:32] really be on a funded account challenge a free trial so you're zero risk but you're doing the practice that is actually what you're going to be using in real life with real money everything every single aspect of
[55:46] everything that you need to know all of my knowledge as well as the knowledge of seven other people that I didn't have before is all combined into one amazing package there's a couple hundred hours of videos and lectures in that every
[56:03] single in-depth video and lecture has a workbook PDF with it with all of the you know the cheat sheets that you see on like oh this is a hidden Divergence all of those are all inside of those workbooks so you can have three
[56:17] workbooks printed out for Price action SMC and ICT and when you're live on the sure about the setup open up your workbook boom it's right there
[56:29] Confluence of that I'm entering a sell position if you want to be good and you want to learn how to do this and not go willy-nilly and like oh I'm going to lose a bunch of money and sometimes I'm going to win this wasn't a good month if
[56:44] you want to keep doing that that's completely fine keep doing it you're not you're not going to be consistent and consistency is the most important part consistency is the most important part and and uh yeah but if you do actually
[56:58] want to make a commitment to yourself and get Financial Freedom build a financial barrier around your family that nothing can destroy sign up to the of months because if you do less than a couple of months you kind of like
[57:15] you're going to you're going to learn some information but not all of it and you're not going to practice long enough to actually let it seep in so yeah hope you guys enjoyed this uh Q&A I do it every single week but it's
[57:33] Q&A I do it every single week but it's much more analysis and trading questions um we had a couple of trolls on here that kind of made it a bit distasteful that kind of made it a bit distasteful but every Tuesday this time I do a live
[57:46] Q&A um only for trading floor members and this one was just opened up to you like hopefully you have an amazing week a profitable week and for those of you that are competing in strategy Wars you got this I know I know that you're going
[58:02] to do I'm G you're going to get your points every single day I know it okay points every single day I know it okay you guys have a good day