Top Traders' Secrets: Full Breakdown & Transcript

[00:01] get an invite to this table. Tonight, we're pulling up a chair. We're at Uchi, a high-end contemporary Japanese restaurant in Miami's Winwood District for a raw, unfiltered look at an SN trading team that generated nearly 50

[00:17] million in yearly trading profits. This isn't a polished interview. It's a behindthescenes dive into the minds of Nano Midseigure Pro and Max 8 figure producer as they answer the hardest question submitted by you, the trading

[00:32] community. Now, previously we'd asked our Twitter trading community to submit our Twitter trading community to submit questions for this top team. Nano and Max at this dinner step forward to answer those questions for you at this

[00:46] private dinner. Here's what you're going to learn tonight. One, the importance of grading setups. The most prominent lesson is the extreme selectivity required for top tier performance. Number two, dynamic risk management.

[01:02] Highle traders do not risk the same amount on every trade. They leverage their best ideas with significant size. As Max says in this video, if you're not putting on as much risk as you responsibly can in those A+ trades, then

[01:17] responsibly can in those A+ trades, then you're doing something wrong. Three, protecting your mental capital. Managing your mental capital is as important as managing your financial capital. For this team, focusing on a few massive six

[01:31] or seven figure opportunities pays out more in the long run than trying to capture every small scalp. for responsible risk growth. Scaling a trading career requires a systematic approach to increasing risk without

[01:47] dampening your career. Nano and Max discuss how they scale. Five. Leveraging modern tools and adapting to markets. The journey to becoming a master trader

[01:59] is iterative and increasingly aided by technology. Traders must remain humble as markets change. Lessons learned in difficult years like they talk about quite openly like in 2022 provide the blueprint for staying safe during future

[02:15] slow periods. Okay, this is going to be fun. Take out your notebook and get ready for two traders who will inspire you to be great. Hey, if you find this interesting, we've put together a special video, a day in the life of a

[02:30] top trading team with these guys and their team. Subscribe so you don't miss their team. Subscribe so you don't miss it.

[03:01] shorting puts probably works. That doesn't make sense. premarket already? The video is starting to go back up.

[03:20] Hello. A question from Germany. How many trades do you make on an average day? trades do you make on an average day? How many B and A plus setups per year? videos. That's for you, Ker. I like your videos.

[03:34] Um, okay. So, I mean, I'll start off. I mean, terms of B trades, I mean, those can come as often as five times a week, four times a week. But a A+ I think definitively I can tell you if you're getting more than one A+ a month.

[03:50] >> If that, yeah, >> if that, you're probably too loose with >> Would you say that's right? >> Yeah. I think that what's very like critical is that the risk differential between our B's

[04:03] and our A's is drastic. So for example, I think that we risk what five times on our A's that we do on our B's. >> So for us to level up that much, it has

[04:16] to essentially hit every single nuance. >> If I think back right, this is February 2026. How many a trades over the last four or

[04:29] five months? I can think about silver and gold in January and then I think that we have to go back until probably October or November until we had truly a a trade >> when things actually popped before

[04:44] things popped. Um, and like the reason for that is because we're going to put so much more risk on those because stats and we have so many trades. We know that in the long run, us putting so

[05:00] much extra risk on these, it's going to work. So whether or not that this particular trade wins or loses, it's going to work in the long run. Um, and that's why we put on so much more significant risk. That's also why we're

[05:13] not taking as many of these. Uh, and being super critical with how we grade these trades is how we kind of like stay away from pitfalls and draw downs,

[05:25] honestly. >> Yeah, sounds about right. I think um, you know, a A+ setups, they need to be probably a hit rate of 90% plus >> because it's not often that they're actually the best for score trades. A+.

[05:40] I mean, if there's a a A+ trade and you get it dead wrong, you will screw up >> Yeah. Absolutely. Yeah. And if you don't, then you're not sizing up enough. don't, then you're not sizing up enough. >> Yeah. And I think that with this job, if

[05:52] you're not sizing up those those best trades, then you're doing something wrong. Like like this is ultimately a performance-based job. And if you're not putting on as much risk as you can responsibly do in those A+ trades,

[06:06] then you're doing something wrong. I agree. Cool. >> Yeah. >> How do you decide to forego your daily easy money trades? >> Wow, Lance is really just spreading

[06:19] across the whole community. And focus on a bigger opportunity with bigger EV but a bigger opportunity with bigger EV but less certainty. scalability is so important. you have to just like think about

[06:35] what is going to really pay you out in the long run. And I think that this is kind of the like less is more theory. The sense that us focusing on our

[06:47] The sense that us focusing on our absolute best and biggest trades is absolute best and biggest trades is how we truly nail those A+ um there's only so much bandwidth that

[07:00] there is and if you go in uh every day and try and capture each little scalp, you know, there's just so much that that um we can do. But on those biggest opportunities truly laser focusing on those, I mean, that's how we put up some

[07:16] of our best six, seven figure trades. >> Yeah. And I mean, I think at the end of exclusive. Like on the big days, I still look over and Max is still scalping stands out to me is like even the Beyond day. We'll be hitting sympathy plays of

[07:33] be trading for a seven figure trade on Beyond, but you'll look over at some bid that I really want to hit here." And you're going to make 2 or 3K on the to something else. >> Well, sometimes I do that just like you.

[07:48] "Why is he wasting his time on this?" But >> we have bandwidth. We're trained to handle more than one symbol. >> And 15 seconds sometimes feels like an eternity in trading when something is

[08:01] halted, for example, and you'll switch over, hit another symbol because you have edge there and you know, maybe you make an extra five or 20 grand and >> Yeah. I mean, also I'd say that our mindsets

[08:14] each day is totally different. One day you could be thinking, "Okay, I'm sitting here and like we're moving hundreds of thousands of dollars per day hundreds of thousands of dollars per day trying to like focus and squeeze out an

[08:28] trying to like focus and squeeze out an extra 5 10 15k. It's not a good use of our like mental capital." And then there are days where things are so slow and we're sitting there and we're like, "Damn, you made four grand on that."

[08:42] "Damn, you made four grand on that." Right? add it really just is a question about evaluating that day. You know, it's not really a question about losing touch with what the value of making the money is. It's more a professional

[08:57] evaluation of what is the best use of our mental and honestly in this job physical capital. >> Yeah, absolutely. >> What's the solution when you find yourself repeating the same mistakes?

[09:15] that anytime that I know that I'm putting on kind of poor quality trades, one I get that internal body like mechanism where I'm like, I know I'm doing something stupid. It's kind of like those those like moments when we

[09:31] put on a trade and we talk to each other on call and then 4:05 p.m. hits and then done that. >> Why are we so many contracts? >> Yeah. like like I know that like we'll be on call and be 355 and like I know

[09:46] are. >> Um >> Um I think that sometimes at least for us by really differentiating I think how

[09:59] much we're like risking on trades. We keep like the mistakes to a point where it's not actually impacting our week or our month. Like for example, we put on a stupid, but like we're like, "All right, we probably shouldn't have done that."

[10:14] We're not looking back on last year and being like, "Oh, it was the stupid trades that is difference between what we made and what we could have made." I think that by further differentiating the risk separation and by consistently

[10:30] grown. I mean, you're talking about we talk about risking let's say 20 30 grand on stuff. We were still talking about risking 20 30 grand and only risking two 300k on our A's and now they're I mean like we're moving 500K 600K on those

[10:46] A's. That is a massive separation in those A's that we're doing without also those A's that we're doing without also increasing our lower quality trades. So it might be a situation where it's a like a necessary evil, but at least

[11:01] we're not we are improving our separation between what actually matters and what doesn't in terms of our, you know, stats and stuff. >> Yeah. I mean, I think I think because of our grading system,

[11:14] making mistakes over and over again can be okay so long as those mistakes aren't applied to B's in the plus. >> Yeah. You know, you can make a bunch of starting mistakes and that's okay. >> It's also like how do you know what your

[11:27] A's are without understanding what like the lower quality trades were? Like we wouldn't have determined what our best trades are without grinding through all the BS of like the lower quality trades >> and finding the best nuances.

[11:42] >> How you develop a model, right? You can't develop a great trading model without seeing what goes wrong first. >> Yeah. Fabio's question. Can you explain a clear method to increase the risk unit? For example, if I risk $200 per

[11:58] trade when I get three R of net profit 600 over a cluster of 10 trades, rise the risk by $250. So, I think that we're all the same in the way in which we

[12:11] way in which we grew our risk. In my eyes, each one of like my biggest trades has kind of led to the next stage of my risk. I think that you want to responsibly increase your risk as much as possible

[12:25] without putting yourself in any long-term harm. So, for example, long-term harm. So, for example, let's say that your risk is $1,000 and you put up a 3K trade. Okay, fine. Massive win. Don't increase your risk to

[12:43] 2500 where you have two bad trades and then you like give it all back. RI increase it to a point in which if you use max risk on the next really great

[12:55] trade, you can keep yourself in that line where you are growing without harming yourself long term. You know, like for example, when we were really in that sizing up portion of our career, I was always like, man, we're we're like

[13:12] four daily stops away from giving everything back. But the way it's structured is that, you know, one, if you were to lose that, then you wouldn't you were to lose that, then you wouldn't still have that same risk, but two,

[13:25] still have that same risk, but two, it's it's so important to like understand the risk of every single trade and make sure that no particular

[13:37] moment dampens your entire like trading career. Yeah, I think we've done a really good job, I mean, at at making sure that any size up we've had has come from true consistency. And I think that um you know, you can't just take one

[13:51] win. I mean, here you mentioned that you'd want, you know, 10 trades, right, before you increase by 25%. It's probably a bit conservative, but want to look for. You you want a lot of consistency

[14:05] before you find yourself sizing up a certain strategy. And I think just outlining what that strategy makes P&L-wise and, you know, riskreward-wise makes the most sense. And remember, just because you size up that strategy

[14:20] sized up. And we've made that mistake before where size up as traders in sized up in a strategy that I'm not that good in. Um, >> I would also like just say this on like

[14:34] a more like serious note is that I think that in this job so much of it I think that in this job so much of it is mental and especially when we're starting out. We both came from like similar backgrounds. You go from a point

[14:49] in which you're risking $1,000 to like 5,000, 10, 20, 50, whatever. the money seems extremely real like when you're doing that and it still is very real. But I think it's so important to understand that this is still a very

[15:05] understand that this is still a very human job and you can't just go from human job and you can't just go from risking $1,000 to five or 10 or 25 and not understand that seeing those dollar values are going to impact you

[15:18] psychologically. And it's very important that you grow in your risk at the same level in which you can with your own human psychology grow >> I think we've done a good job though of having like guys like Raph for example

[15:34] on the call who won't he who'll be like oh what are you talking about when they mention when you mention a number like you know just arbitrary numbers here but about? Yeah >> that doesn't matter. That's totally

[15:47] >> Um, >> of course I I I just think separating ourselves of what those dollar values can actually acrue you in life versus >> That's one of the benefits obviously that we've had being on the call and

[16:00] then all but I'm saying is that in theory for for your average like person >> and that's the benefit of finding a somewhere that you can trade that has >> you know you're not thinking about your your trading account as your next rent

[16:14] payment. That's a problem. When me and our mom first started out, we were >> And all of a sudden, the the money that you see in that account is like how many months you have left to survive, right, before you have to go like in debt or

[16:29] something. Uh, you know, as opposed to when you're working at a firm where your growth is capped by the firm's resources, which is for most people effectively infinite. um you're actually in a different

[16:42] position where you're you're you're just thinking about the money quote unquote as as points in the game >> and you just want to get as good of you know at the game as possible. >> And it's it's not it's not a matter of

[16:55] what the points, >> you know, how much how much you can acrew in points without losing too many. >> Yeah. P&L, right? >> Oh, that's fair. You know, I think that

[17:08] much stress on themselves in these situations because it's so much easier account. >> Well, yeah, but like >> Yeah. >> I mean, growing a 25K account with a PD

[17:22] rules is >> Well, even if let's say you have a six pay bills. >> Yeah, of course. I do think that one of the biggest stresses of this job is not the skill. I

[17:38] honestly think that you could probably teach day trading skills to many people >> Really? >> It Yeah. It's it's how do you incorporate the human psychology and the human toll into this job and then can

[17:53] >> Yeah. >> Right. Like >> could you execute correctly and actually in those moments put on A+ risk? Like >> without stressing out over the over >> could you for example know damn I really

[18:09] >> Yeah. >> Could you do that but like mentally know >> And when you see an A+ trade and you're up 5R you're like oh I got to take that. up 5R you're like oh I got to take that. >> Yeah. Because that's that's lifeanging

[18:23] reach the actual target yet." >> Those are all extremely hard things. And that's kind of what really differentiates your success cuz like you think about those those best trades, you put on A+ risk, quiet.

[18:54] only make 4x instead of eight. That extra 4x could be the entire difference. And that could be your entire capital that you are risking for the next 20 >> And that's the whole reason that you're sizing things so differently. Yeah. For

[19:07] those A+ that sizing is a reason why you're not growing as fast next year. fight. It's a whole parabolic curve. Like that's the exact same reason or that is the exact reason why when we were in a draw down 22 we had those

[19:22] incredible trades of 23 with the whole regional banks we didn't make as much because we were down. So then you get out of the hole and you start doing green >> going to push how much more you would

[19:35] have made how much more you made 24 how much more you made 25 everything leads >> it cascades. >> Yeah. Alex asked us how to best determine whether you truly have edge and if they would suggest refining one

[19:49] or two core setups and becoming a master at them in order to become profitable. >> Initially when I first heard the question my first instinct was use quad, right? Because like now we're in the day and age where

[20:02] and age where it makes sense to use AI because it takes such little effort to figure out if a strategy is actually profitable from a standpoint of back tests instead of putting in the effort yourself of

[20:14] manually testing this thing whether it's using the pine editor and trading view using the pine editor and trading view or claude or whatever it might be. um there are real real ways, you know, uh to without being a coder to figure out

[20:27] if your strategy is profitable. Now, all that said, there is a more practical answer to this if you're not someone who's interested in chasing AI and who's interested in chasing AI and chasing actual um programming as a way

[20:39] of of approaching your trading. If you just want to be an actual trader, um uh >> What do you guys want for dessert? >> Fried ice cream. Fried milk. Yes.

[20:52] >> And then also another vodka soda. >> A vodka soda and then the fried ice cream. Yeah. >> Um as many as at least one ball person and one banana bread. >> Thank you.

[21:07] >> Yeah. So I mean at at the end of the day you know determining if you have edge uh you see the issue with that question is you know I mean having edge in a trading system that's aligned for a starter trade or versus a B trade versus an A+

[21:23] trade is vastly different. You know I mean just because you lose once on a doesn't have edge. It just mean that it might it might be a higher bearing strategy hence why you're risking so little on it. But, you know, as to

[21:37] little on it. But, you know, as to whether you have edge on your one or two core setups, then it must be the case by calling them core setups that that these are inherently higher graded trades. You're not going to call it a core

[21:50] right? >> Yeah. So, let me offer you one thing. If you're someone, right, and I'm not trying to like speak

[22:02] right, and I'm not trying to like speak us up or right, but we have established us and we know what our best like trades are. If someone were to like tell us just stay like patient, wait for those best trades, don't do anything else,

[22:18] that'd be fine. If you are just starting out trading, you don't necessarily know what that one or two A+ trades are. You may think that you do, but without going through the B's, the B+es, and the starters, how do

[22:33] you actually refine your trades to the point in which you you have truly point in which you you have truly crafted and said this is our A+ trade. So yes, you have to go through those trades. It's part of any trader's

[22:48] journey. And by by letting me say that we're still so far from being able to say that we can only do one or two trades. I mean, frankly, where we are in

[23:00] our journey, I think that we we are just starting to get to a point. Absolutely. starting to get to a point. Absolutely. >> In which we would say we are, >> Oh, hands down. And while I still think in a few years we'll look back and say

[23:17] are A+es, which I'm know I'm sure you know what I'm talking about, will still >> I would be surprised to look back and say that those are our only one or two >> But like >> that are our core A+ strategies.

[23:31] >> that are our core A+ strategies. >> But I think that is it. It can be very >> naive for a trader to think, oh, I made really good money in my first year doing this. I'm only going to do this now. being humble as a trader and

[23:44] understanding that the markets significantly change per year. I mean, God knows that markets have humbled us. I mean, we both were doing great in 21 22 >> and 22 that what we lost seven figures

[23:59] 21. >> So, we had to uh refine >> dial dial that strategy back, refine it. And even so, like for example, I think that one of the great things that we've done of late, um, is we've had a similar

[24:16] slow period in the market, very similar to the style of 22, except we use what we learned in 22 to slow down a lot of our strategies now, right? We're not going through that that same draw down. Uh, being very active and and analyzing

[24:32] what works, what doesn't. You have to do that in order to keep refining those a trades like you have to understand okay what made that a trade what environment all those sorts of things if you just become oblivious to

[24:48] to everything else and only focus then you're going to miss out on so much information that could allow you to further refine your craft. Um, I think that anytime that you feel like you should only focus on one or two things,

[25:04] the marketer will do an incredible job of humbling you. And you know this uh especially uh but uh but a big loss will always hit you and

[25:21] a big loss will always hit you and you'll have to look back and realize how do you fix it and >> reflect on it. you know, it can be very >> reflect on it. you know, it can be very tough and I think that finding ways to

[25:34] grow from those moments is what's critical and being active and understanding how do you adjust is going to be the actual key for you to succeed >> think it's well put. If you don't actively trade US stocks, skip this

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