---
title: 'How to Make So Much Money Trading That People Think You''re a Yahoo Boy'
source: 'https://youtube.com/watch?v=sFn2VyJM9Pg'
video_id: 'sFn2VyJM9Pg'
date: 2026-08-14
duration_sec: 710
channel: 'Jude Umeano'
---

# How to Make So Much Money Trading That People Think You're a Yahoo Boy

> Source: [How to Make So Much Money Trading That People Think You're a Yahoo Boy](https://youtube.com/watch?v=sFn2VyJM9Pg)

## Summary

The video addresses the common skepticism that successful traders are involved in crime, using the 'Yahoo boy' stereotype as a hook. It reveals that 85% of traders lose money within 90 days, but the remaining 15% follow a structured, five-stage plan. The speaker shares his personal experience and provides a step-by-step guide to becoming a consistently profitable trader.

### Key Points

- **High failure rate in trading** [00:29] — 85% of traders lose all their money within 90 days, leading to skepticism about trading success.
- **The plan is the key** [01:24] — The difference between the 85% and 15% is simply the plan—an extremely boring plan that the 15% follow.
- **Learning stage: avoid the noise** [02:33] — 90% of courses and mentorships are noise or fraud. The speaker spent $13,000 but only two resources were worth it: $1,300 and $495.
- **Backtesting the right way** [03:41] — Backtest using proper tools like FX Replay, with at least six months of historical data across multiple assets.
- **Strategy criteria for profitability** [04:28] — A strategy with a 40-50% win rate and a minimum risk-reward of 2R is enough to be profitable. Target 3-8% P&L per month.
- **Demo trading benefits** [05:20] — Demo trading for 2-3 months shows how trading fits into real life, allows journaling (e.g., with Edgewonk), and tells if trading is for you.
- **Small live account stage** [07:37] — Start with a small live account ($100-$500) for 2-3 months to experience real psychology.
- **Prop firm scaling** [08:23] — Get a funded account from a reputable prop firm, scale up to $500K, and earn $15K-$40K per month, keeping 80-90%.

## Transcript

thought I was a Yahoo boy when we first met. Not until he actually witnessed what I do. So, let's talk about this in this video. [music] How do you do so well for yourself as a trader? People think you're into crime.
And I'll begin with this iPhone 17 of the video. Now, Now, most people don't believe money is
honestly, they are not wrong. they are not wrong. They have been hurt really, really bad. And statistics even shows that about 85% of traders lose all their money within
[music] 90 days of trading and most never come back. So, this skepticism But, there is a 15% who are in the game
and making a living from it. And I'm not talking about influencers and people selling [music] courses. I mean actual traders. People sitting in front of the charts and making real money.
>> [music] >> differently? I'm about to give you given you. The difference between the 85%
The difference between the 85% and the 15% is simply the plan. An extremely boring plan. The 15% follow this plan. The 85% don't.
plan. Now, if you've been losing as a trader, you are probably not going to like a lot of what I'm about to say. So, you can you stay,
month can move you into that 15%. Now, let's talk about this plan. It is so boring that most traders will not follow it.
There are five stages to this plan. You need to follow them stage You need to follow them stage by stage. The first stage is learning.
as simple as just buying a course. 90% of courses, mentorship, and paid are just noise. Some are outright fraud. I learned this
the hard way. I spent over $13,000 trying to find the right knowledge. Courses after courses, indicators after indicators, private communities, mentorship. And when I look back, >> [music]
>> I shouldn't have spent $13,000. At most, $1,800 because out of everything I bought and subscribed for, only two of them were
worth it. One cost for $1,300 and the other for $495. And if I'm being honest, the $495 one was just all I needed.
This is the reality of the learning stage. You could hit gold in the first month or it could take you years depending on when you find what actually works. That is stage one.
That is stage one. Stage two is
Once you have the knowledge, don't touch the live charts yet. You backtest the right way. just open the TradingView charts and just
look at data and just feel that backtesting. That is not backtesting. You have to backtest the right way using proper tools like FX Replay [music] and going through at least six months of historical data across multiple assets.
Because backtesting tells you which asset your strategy actually works asset your strategy actually works better on. Not which one looks good. confirm that. A strategy with a 40 to 50% win rate and
a minimum risk reward of 2R is all you need to be profitable. I personally go for a minimum of 3R. If your strategy achieves this, then If your strategy achieves this, then 3 to 8% P&L a month is a realistic
and fantastic target. This stage alone can take you up [music] to a month. Don't rush this. Once we're done with backtesting, we'll Once we're done with backtesting, we'll move to the next stage, which is
You have to do this for two to three months minimum. Notice that at this stage you haven't even touched real money and we are already four to five months in. This is exactly why most people fail.
of the process. But, demo trading does three things that are fundamental to your success. One is that it shows you how trading fits into
your real life. Not the version of your life where you are free to sit in front of the chart all day. Your actual life. Work, travel, family, emotion,
everything. Can you actually take the setup you found in the backtesting when they show up in real life or do you miss them because life gets in
Two, in demo trading you have to journal. >> A tool like Edgewonk makes it really, really effortless. What you do with Edgewonk is that you connect your MT4, MT5, or even your Bybit account and it
automatically does the journaling for you in real time. The data that you get from this show you exactly where you are leaking and what you need to adjust. You cannot do this by just journaling
this in yourself or just um cramming it in your brain. My swing trading strategy, for example, gives me zero to three trade opportunities a week. So, two to three months of demo trading gives enough
months of demo trading gives enough trades to actually see a pattern in your performance. The third thing that demo trading does, and this one is really important, is that demo trading tell you if trading is
actually for you. If it is not, you're going to find out here before risking a single dollar. You only risk so far in this journey acquiring the knowledge and the tools like FX Replay that you bought.
That may hurt your feeling, but it's nothing compared to losing real money to the market on top of it. If your demo trading results are good and consistent within the 3 to 8% range, then you are ready for stage four.
account. Say $100 to $500. Say $100 to $500. Trade it for another two to three months as well. This is where real psychology kicks in. Demo trading and live trading
feels completely different when your money is on the line. Now, if you make it through this stage, you now have four to six months of real journaled data. [music] You know your win rate, your actual win
rate. You know which asset works for you and you know your edge. And with that, you're now ready for stage five. And the stage five is for stage five. And the stage five is where the real money is being made.
where the real money is being made. Stage five is This is the stage that changes everything.
You get a funded account from a reputable prop firm. Now, there are so many prop firm out there. You see ads on YouTube for so many prop firm. >> Many of them are shady. You have to look for a reputable one and I linked two of
Now, [music] with prop firm, you pay for evaluation. Maybe say for a $20,000 account. You need to start small need to start small and you risk about 0.5 or 0.25%
a day time you'll have confirmed from your journal data. trading with a prop firm, you can now scale up to $500,000. you can now scale up to $500,000. Now, do the math. 3 to 8% on a 200K
Now, do the math. 3 to 8% on a 200K accounts is 6K to $16,000 a month. On a accounts is 6K to $16,000 a month. On a 500K account, it is 15K to $40,000 a 500K account, it is 15K to $40,000 a month. And you get to keep 80 to 90% of
that. When people now see your account and see how you're living and they cannot explain it, they say I do Yahoo.
What the >> I'm sorry. I wasn't thinking about it. But, you know exactly where it came from. A plan followed consistently for 1 to 2 years.
But, the question is is 1 to 2 years worth it for you? Can you wait and be consistent for 1 to 2 years to actually do this? Many people cannot. But, once you get to
this level, there are even more ways to level up, there are even more ways to level up, including scaling your accounts even more without increasing your risk and offering your services to others.
That is actually why I am building CopyMe, a platform that lets you connect your trading accounts and automatically copy the trades of vetted professional traders. It works somewhat like a prop firm evaluation. On the trader's side,
firm evaluation. On the trader's side, traders only go public when they meet the criterias and are removed automatically if they fall short of the criterias at any time. Copiers control their own risk, the
number of trades they take, and even the pair they copy from the traders. We are still in development, but the wait list is open. The link is in the description of this video. Now, make sure you're subscribed and hit
the bell icon if you have gotten value [music] from this video. To win the iPhone 17, it is really simple. Join the trading competition that I'm organizing. The link is in the
description. The best trader wins this iPhone 17. But, even if you don't win, you still have opportunity you still have opportunity to become a trader in CopyMe if you meet
the criteria. Being a trader actually scale up your income if copiers copy your trades. So, see you in the competition.