[00:01] A session on the channel. The other day I posted some questions on Instagram and to answer them here on YouTube, talking about a little bit of everything, right? Trading, personal life. In fact, that's why I've moved a little differently, is [00:16] n't it? To the room where I always record, right? My office, where I videos, I want to make it a little more personal here by the pool, and make it a little cooler so you can get to know me a little better, my opinion on certain [00:31] things, or answer some of the questions you 've asked me, in a slightly more those of you who don't know, well, this is the house I'm living in now here in Cyprus. I'm from Spain, but, well, for [00:44] tax reasons and such, in fact, I've asked some questions about that in the Instagram about why I'm in Cyprus and all that, and I'll tell you about it later, okay? And well, here I am in the house that, to be honest, I [00:59] a little house with a pool for myself, right? But anyway, we'll talk about it ask me about these things if you hear any cicadas around here, because Cyprus is full of cicadas, and even more so with the heat, because it's unbearably [01:12] hot here. So, let's get to the questions. Come on. I'll be reading the first question here on my phone in case I look over here and there are some questions, okay? Okay, in this case, he tells us, well there you have it [01:27] , I don't know if you see it, it's called Bullish Clothes, but I won't say the mix with some others, right? Because there are many that are repeated, so maybe I'll group one with another, right? But well, the first would be [01:41] another, right? But well, the first would be funding accounts or personal accounts. Once you have an approved strategy, you know how to operate and all that, right? Everything is already well organized. Well, the question is [01:54] very simple for me to answer and it is undoubtedly funding accounts. Currently, thanks to what I've withdrawn from trading to funding companies, I can have an account, a personal broker with personal capital and [02:07] trade with it, and I don't. It continues to operate with funding companies because the scalability and leverage that funding companies provide is currently unmatched by personal capital. In fact, that's why there are [02:22] many funding companies with complaints and such from brokers because they're really upset, so to speak, because they're losing their biggest clientele, which is us retail staff, right? Yours. This didn't happen in the past [02:36] . Everyone used to go to a broker to put their money in, but nowadays instead of a broker they put it in a funding company. That's why they're so competitive, and that's why there's always this rivalry between personal accounts, [02:50] personal brokers, and funding companies. In my opinion, the ability to withdraw money with very low risk from funding companies is unparalleled. In other words, a $100,000 account costs you $400-$450 depending [03:05] depending on whether you get a discount or anything else. And the transfer a funding account, you can make 10 withdrawals, okay? And you can get [03:17] a 10x return on your investment. I always count the investment as what you put into passing that test, right? In other words, the cost of that challenge. In this case, for example, imagine you buy three challenges of 100K or 10K [03:32] or 50K, whatever you want. Well, if we go to the 100k one, let's say it cost you $1,500 in three challenges. If you get through one of those three, that is, you lose two and only get through one, that is, the worst case scenario, the moment you make [03:47] 1% on that funded account you have made a profit. Because? Because they give you the $1,000, well, $800, because you keep 80% of the profit split plus they return the investment you paid, right? That refund that companies give you. Therefore, [04:02] if you transfer one out of three accounts and give that one a 1% return, you have practically recovered next month or next week you'll be able to make a withdrawal of 3,000, able to make a withdrawal of 3,000, 4,000 or 19,000 or 16,000 as I have done [04:17] account of 100,000 or 200,000 and made a withdrawal of 19,000 as you see with Alfa Capital with FTMO 16,000 with Neoma, that is, I invest 400, I invest [04:29] Neoma, that is, I invest 400, I invest 600 and I return 19,000. Imagine it, I mean, imagine what you have to invest to get $19,000 in . Absolute madness. So to [04:43] Absolute madness. So to answer this question easily and quickly, well, funding companies, without a doubt, whether profitable or not, I would go with funding companies. They are currently unparalleled. I don't know if in [04:56] a year, in two years, this will change a lot and personal capital will become more attractive than funding companies. It is not currently. Funding companies are way ahead of them . Let's move on to the second question, [05:11] Pedro asks it. Have you considered switching to futures trading? What are your thoughts on futures funding companies compared to Forex? No, obviously futures, that is, Nasdaq, SP500 and all that, well, normally you trade, that is, [05:26] funding companies, for example, with Top, the most typical one, or Apex. And, I've considered switching to futures contracts. Yes, I have considered it, and I have considered it quite a few rules are very different from what I'm used to in Forex. It is [05:43] true that the tests are cheaper, but the rules are very, very different. The rules have a daily drawdown, they have a trailing stop, it's usually escaped in profit, meaning you can't reach a certain profit [05:57] in one day because otherwise you'll wipe out the account and recover it, so if you make 3,000 in one day on a 50k account, you have to make that profit for about 3 days, right? In other words, you can't just have one good [06:10] profit day because if you do, you'll practically blow your account because you won't achieve the consistency they require, right? So, I've considered it, otherwise it would never have been clear to me why I think Forex funding companies [06:24] are 10 times better, okay? The distance between them is absolutely insane at the moment Apart from all that, I only trade Euro-Dollars and adapting to the Nasdaq or the Euro-Dollars and adapting to the Nasdaq or the SP500 or some other futures contract, because I [06:39] quedarme con lo que se me da bien, que es Forex, que es el eurodólar más concretamente, y sigo ahí. The day I have no other option but to change, well, I will do it and adapt, because my strategy will most likely work in [06:52] all markets, as I have proven on many occasions, but I would have to adapt to the rules. I would also have to adapt to the Nasdaq, which is much more volatility and is affected much more by the macroeconomy, [07:06] therefore, I would have to adapt. And to answer you quickly, I prefer Forex funding companies 1000 times over. They are currently not even Well, I had to make a change in the end because I had [07:20] overheating problems in the pool because the sun was shining directly on the camera and it overheated and turned off. So, well, I'm recording this a couple of days later. I'm going to combine it with the video about the pool [07:34] where I've covered other topics, but anyway, let's continue here so we can finish the video and the questions. Okay, let's move on to a very interesting question, and that is basically how do I manage the funding accounts? Do I manage them [07:47] differently than when I'm actually funded, with real capital, or well, how do I do it, right? And how I recommend it. Well, normally I treat my funding accounts in phase one in a more aggressive way, considerably more aggressively [08:01] than when I am in phase two or fully funded. And it's basically because today, with the level I currently have in trading, all the time I spend in me because I can't make money from it. Uh, [08:15] funding accounts, we only make money when we are in funded accounts. Therefore, in phase one I usually go at 1.5-2% per trade and try to complete it in less than 3 weeks. I try to squeeze him harder than necessary. So [08:31] that? to move quickly to phase two. I take that second phase phase two. I take that second phase more calmly, I go at 1%, 1.5 at most, but I wouldn't try phase two anymore or go in such an aggressive way. Why this [08:43] distinction? Basically, because in phase one they ask for 8 or 10% depending on the company, or 6% in some cases, and in phase two they ask for 4 or 6%. So what they ask of you, the goal, the target they ask of you is [08:57] considerably lower than in phase one. Therefore, in phase one, I proceed in a more aggressive manner, and in phase two, less aggressively. I also tell you not to be overly aggressive because once the funding companies [09:12] give you the capital, or rather, that " real capital" because it's not real capital, we funded account where you can already withdraw money, if you have operated extremely aggressively in phase one, whether it's 3%, 4%, or trading news or [09:26] likely when you reach the funded account they will put some restrictions on you. And I'm telling you this because it's happened to me. It has happened to me that I have been limited, well, I am limited in many companies, the one that you all know as FTMO, I am [09:40] limited. At Alfa Camital they have practically fired me from the company. companies I've been fired, they've made up some excuse about IP, any nonsense and they kick you out. Or there are also many companies that increase your [09:56] sleep page, increase your spread. They don't tell you , but I obviously notice, and this means you have to go alone, right? It's not about telling you or making the company look bad, but you simply ca n't trade under those conditions and [10:10] unfortunately you have to leave. And this is the reality. From FTMO to Fivers' Alpha Capital, all these companies operate in the same way. We already know that the modus operandi of funding companies is to pay [10:24] based on all the tests that are suspended with traders who are not profitable. And this is the reality. I know that many people continue to cover it up, many trading, but this is the reality. We don't manage real capital, we manage [10:39] demo capital and we get paid based on the people who lose their account, their phase. Therefore, you need to know that in all Funding companies, like I said, FTM, the first one, if you do a lot of damage, they will probably sack you because you are an [10:52] reality. Therefore, you have to make small withdrawals, not draw too much attention, and go unnoticed. That's what I always recommend. However, I because, in my view of funding companies, any time I [11:06] spend in phase one is a waste of time for me. Let's move on to the next questions, which are basically, what do I do in Cyprus? Well, I'm in Cyprus for tax reasons. I am from Seville, Spain, from the south of Spain and I [11:22] am in Cyprus. I moved here about two years ago; I came at the end of 2023 and it was basically for tax reasons. What tax reasons? Basically, in Spain, if you start earning around [11:38] 150,000 a year, they're already taking approximately 50-54%, even in the Valencian Community. In Andalusia, well, in Spain in general it's around 50%, although, well, if you add other taxes like VAT, for example, then we'd be [11:53] Tax inspections are also completely absurd; they don't let you deduct any kind of expense. I mean, if I take a taxi or buy a computer to improve my trading, or for social media, or for whatever, I would [12:06] for social media, or for whatever, I would problems deducting it, that is, putting it as a business expense when it shouldn't be like that because I do it for a living . But hey, this is Spain, this [12:21] to Cyprus, since here I pay around practice it's much less because you can put a lot of expenses into the company, you can , obviously with some limitations, but you don't have as many [12:35] problems as in Spain. You can even put the car's gas here, even though I don't drive the car. I can include it as a business expense, and that's why I 'm here, because I'm paying around 30-35% less than I [12:50] would be paying in Spain. A true brutality. There were other true brutality. There were other options like Andorra, Georgia, Malta, but personally the one that was closest to me was Andorra, but I [13:03] absolutely do not like the climate. I don't like the cold, I'm more southern, I'm more Mediterranean, I like the beach, the sun, the good temperature, my 30 or 35 grams and having the air conditioning on in cold mode, not [13:16] hot mode. And that's something I didn't have in Andorra . And in Cyprus, well yes, I have a beach here. In the northern area I have some amazing beaches that are practically like the Caribbean. The area is called Ayanapa. It has a blue flag in the European Union, that is to [13:28] say, a fantastic beach, I tell you, practically like the Balearic Islands or practically like the Balearic Islands or the Caribbean, paradise beaches. And also the issue of how people live here, right? Mediterranean food, although of [13:40] course it has nothing to do with Spain. In my opinion, Spanish cuisine is a thousand times better than any other cuisine. I imagine that obviously everyone will say the same about their country of birth, but I'm [13:52] telling you, apart from three or four things, life here in Cyprus is quite good. Obviously nothing compared to Spain, but in the end I weigh it up. Ten en cuenta que esto mucha gente pues no lo ve así como yo y es que dice, "No, [14:05] es que te vas por dinero." Today, money is time. In other words, if you're taking 50% from me, you're stealing 50% of my time. It's like you're taking away 50% of my time. It's like you're taking away 183 days, 182 days from my year. You are [14:18] taking years off my life because I have to spend them working because you are taking away 50% or more of 50%. In Cyprus, for example, you'll be taking up 15% of my time. There, it's 50%. It's not [14:30] money, it's time. Maybe if I take 5, 7, or 10 years here, I can retire and not work anymore for the rest of my life. There in Spain, then, I would have to use the triple or quadruple. That's the difference. It's not [14:43] just money, it's money. It equals time. Keep in mind that we get paid or If you take money from me, you're taking time from me. And for that reason, I left Spain. Obviously I [14:56] apartment there, I go on vacation, my family is there, but seeing how the Spanish situation is going , it's very likely that Spain will remain a place to spend money, not to invest it, not [15:09] to pay taxes. porque lamentablemente se paga muchos impuestos y cada vez estamos peor. Let's move on to another question, which Seba asks me: I need to be clear about when I should decide [15:24] I need to be clear about when I should decide not to operate and how to respect this decision. Bien, decirte que esto es el principal error de la gran mayoría de personas, sobre todo principiantes, el no saber cuándo estarse quietos y cuándo no [15:38] tradear. There's a saying that I don't remember very well right now, but basically it's that in trading, 90% of the time we 're looking at the chart we're waiting, and that's the reality. Most of the time we spend our time waiting for [15:51] that opportunity, for that trade to happen. And this will always continue to happen always have to seize the best opportunities. How can we make this a reality, so to speak? Basically, what we need to do is analyze the [16:05] chart, analyze the asset we 're trading—in my case, the your cases as well—when we wake up each day, whether we're in London or New York, it doesn't matter what time it is, we analyze it, set [16:17] alarms, put alarms on TradingView, and when they go off, we go to the chart, we start looking at the chart and we're on the lookout for that trade, if it comes up, for that opportunity. If we're always in front of the computer, always [16:31] looking at our phones, I'm sure we're going to enter the market more times than we should. Because? Because we humans all have the belief, and well, [16:43] unfortunately, and it is wanting to exchange our time for money. This is not how trading works. In other words, we are used to doing a job. For example, I was a security guard and I was used to the fact that [16:56] if I was standing for 10 or 12 hours in a store, I was going to be paid €8 an hour, € 80, €90. Okay, and I was clear that on that day I was going to get paid €90. Well, in trading it doesn't work like that. Moreover, in trading based on our win rate and [17:11] our risk management, it is more likely that we will Basically, because if you have a win rate of 40 to 50%, half the days or more reality. Entonces tienes que ser consciente de que el trading funciona [17:27] así. You're going to invest your time and you're going to invest your money. ¿Significa que cuando inviertas tu tiempo vas a ganar dinero siempre? No. De hecho, ya te digo, muy probablemente vayas a perder dinero. Y esto al cerebro humano, a [17:39] nosotros como conciencia, como nos han enseñado, como no hemos creado, pues no lo entendemos y siempre queremos ganar dinero durante todos los días y siempre. recommend that you set trading alerts and wait for those zones to [17:54] occur. If those zones don't exist, if those alarms don't sound, stay out those alarms don't sound, stay out of the market at all times. Así evitaréis la gran mayoría de stoploss y la gran mayoría de días de sobrecalentada, es [18:07] perfectamente que no debería haber entrado al mercado. And this, then, is the reality. Let's move on to another question: How much money have you spent on the [18:19] Prop Films Challenge? That is, from funding companies. ¿Cuánto dinero he invertido en empresa de fondeo? Well, to tell you the truth, I don't even know. What I do know is that much more comes into my account than I spend. I'm not a person who has [18:33] know there are people who have backtested since 1950. I know you even keep track of how much you spend at the supermarket, but that's not me. I am not that type of person, nor have I ever been, nor will I ever [18:46] be. Lo que sí sé es que entra bastante más de lo que gasto en empresas de fondeo, en Challenge. Obviously I'm still burning challenge accounts to this day, I burned them in the past and I'll continue burning them in the future. What's going on [19:01] ? With funding companies, if you know how to operate them and are obviously good at trading, you are much more funding accounts, with challenge accounts, with funded accounts than with real capital. [19:15] Because? Basically, because the leverage provided by funding companies is quite large, as I mentioned before. And not only that, but we don't put all the risk of our capital in a single account, [19:28] but we have different accounts. This also needs to be made clear: many people treat funding companies as real capital, and this is a huge mistake. That's why many people are not [19:40] profitable with funding accounts, nor will they be, because they don't know how they work or refiero que lo gestionan igual que a un capital personal? Basically, because maybe they have $200 to invest and they buy the account that [19:53] costs $200. This is a mistake. Trading is based on statistical probability and variance. Since you only have one account and can only lower your praise by 8 or 10% at best , it's quite likely that [20:07] you'll suspend that account, especially if you're new or don't have enough experience because we work with extremely low parameters and they ask for pidiendo entre un 8 y un 10% en [20:20] tiempo, pero sí que es verdad que todo el tiempo que castemos en esa fase uno, pues estamos perdiendo dinero y tiempo. Pues bien, ¿qué es lo que haría yo con esos $200? Well, divide it into different accounts. I have a rule, and it's [20:33] basically that if we make a rule, it 's not of three, but well, if we buy three accounts and transfer one and make 2% on that one, we will most likely be profitable with funding companies. Keep in mind that normally, in a [20:47] funding company, let's go with the most typical account, it's the 100K one, it's $450, $500, even cheaper, down to $ 390, $350 in some cases if you get a good offer or a 2 for 1 or refund, that is, what you invest if [21:03] you pass the test they return double 200%. Pues normalmente si una cuenta de 100K son 400, vamos a redondearlo, compras 3 10000, pasas una de esas tres [21:15] y le haces un 1% y te devuelven el refan, eres rentable. Por lo tanto, una de cada tres cuentas, si le haces un 1, un 2% prácticamente te cuentras en break even en la inversión. You're already in Y, and if next month or the next 14 [21:28] days or next week you hit the company with a 5% hit, which isn't difficult because I remind you that we've been doing an 8% in phase one and a 5% in phase two as a general rule, that is, you've been doing 13%. Por lo [21:40] tanto, un 5% para ti debería ser relativamente alcanzable, no sencillo, relativamente alcanzable, no sencillo, pero puedes alcanzarlo de sobra. Hace un mes has conseguido prácticamente el doble o el triple. Si le haces un 5% más [21:53] lo que ya le sacaste, le estás sacando 4,200 4,300 pavos, porque obviamente pues te descuentan ese 20% que se llevan ellos. We got 80% of the profit split. Ya estaremos hablando que has multiplicado tu inversi por varias [22:05] X. Dile a un inversor tradicional que su capital de $400 o $,200 se ha convertido capital de $400 o $,200 se ha convertido en 8,000, 9,000, 10,000 en 2 meses. He's going to tell you where to put 1 million. And that's the reality of funding companies. [22:20] Por lo tanto, ¿cuánto he invertido yo en Challenge? Well, a lot of money. How much have I earned? A lot of money. By three or by four or by five. I wouldn't know how to tell you. Si sé que la cuenta bancaria que uso para comprar challenge y para [22:34] hinchada. Therefore, I know that things work. Cuando el el dinerito, la cantidad vaya disminuyendo, pues lo único que hace es engordarse. Obviously, sometimes I face more [22:47] challenges, sometimes fewer, but many people demonize investing in a funding account. They believe that you shouldn't spend money, they believe that you have to overcome every single challenge, and that's not the case. Muchos challenge, muchas cuentas de fondeo las [23:00] vais a quemar y si no sois conscientes de esto y no lo asumís, nunca seréis rentable con empresa de fondeo. And this is the reality. Y con esta última pregunta, pues hemos acabado el vídeo. Este preguntas y respuestas, el primero [23:12] del canal y no será el último. Iré haciendo poco a poco iré haciendo más de un mes o dentro de dos meses haré otro. I will always notify you via Instagram or Telegram so you can leave your questions, whether they are more [23:25] personal, more about trading, more technical, whatever you want, so you can get to know me. Así que nada, espero que os haya gustado el vídeo, espero que os haya gustado mi sinceridad y nos vemos en el siguiente vídeo.