{"id":49818,"date":"2020-04-27T10:42:49","date_gmt":"2020-04-27T14:42:49","guid":{"rendered":"https:\/\/www.smbtraining.com\/blog\/?p=49818"},"modified":"2023-06-08T11:12:07","modified_gmt":"2023-06-08T15:12:07","slug":"how-to-become-a-consistently-profitable-trader-like-you-deserve-to-be","status":"publish","type":"post","link":"https:\/\/www.smbtraining.com\/blog\/how-to-become-a-consistently-profitable-trader-like-you-deserve-to-be","title":{"rendered":"Unlocking Consistent Profitability: How to Become the Trader You Deserve to Be"},"content":{"rendered":"

In this video, learn how to become a consistently profitable trader like you deserve to be. Mike Bellafiore shares in detail the path our traders take to become consistently profitable and then star traders.<\/p>\nView Video Transcript<\/strong><\/span>

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in this video learn how to become a<\/div>\n<\/div>\n<\/div>\n
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consistently profitable trader like you<\/div>\n<\/div>\n<\/div>\n
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deserve to be hi I’m Mike bellafiore<\/div>\n<\/div>\n<\/div>\n
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co-founder of SME capital and we’re a<\/div>\n<\/div>\n<\/div>\n
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proprietary trading firm located in<\/div>\n<\/div>\n<\/div>\n
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midtown Manhattan and I’m also the<\/div>\n<\/div>\n<\/div>\n
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author of the trading classic one good<\/div>\n<\/div>\n<\/div>\n
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trade and the playbook click our<\/div>\n<\/div>\n<\/div>\n
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subscribe button so you don’t miss any<\/div>\n<\/div>\n<\/div>\n
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of the videos they’re producing for you<\/div>\n<\/div>\n<\/div>\n
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in the trading community in this video I<\/div>\n<\/div>\n<\/div>\n
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share in detail the path our traders<\/div>\n<\/div>\n<\/div>\n
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take to become consistently profitable<\/div>\n<\/div>\n<\/div>\n
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and then star traders we’re sitting in<\/div>\n<\/div>\n<\/div>\n
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our trading room in New York City our<\/div>\n<\/div>\n<\/div>\n
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floor managers there our trading coach<\/div>\n<\/div>\n<\/div>\n
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dr. Steve augers they’re um they’re team<\/div>\n<\/div>\n<\/div>\n
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leader for the particular team is<\/div>\n<\/div>\n<\/div>\n
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they’re the senior trader and his junior<\/div>\n<\/div>\n<\/div>\n
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traders on his team are also there we<\/div>\n<\/div>\n<\/div>\n
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meet monthly to over the progress of all<\/div>\n<\/div>\n<\/div>\n
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the traders on each team one particular<\/div>\n<\/div>\n<\/div>\n
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team is set to go over their month so<\/div>\n<\/div>\n<\/div>\n
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the senior trader goes and he talks<\/div>\n<\/div>\n<\/div>\n
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about his month and he is killing it<\/div>\n<\/div>\n<\/div>\n
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he’s crushing it having a grade had a<\/div>\n<\/div>\n<\/div>\n
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great month and doing as well as he’s<\/div>\n<\/div>\n<\/div>\n
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done in a really long period of time<\/div>\n<\/div>\n<\/div>\n
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the next trader goes junior trader on<\/div>\n<\/div>\n<\/div>\n
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his team doing really well taking that<\/div>\n<\/div>\n<\/div>\n
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next step forward in his progress next<\/div>\n<\/div>\n<\/div>\n
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trader goes also doing really well<\/div>\n<\/div>\n<\/div>\n
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trading particularly well finding things<\/div>\n<\/div>\n<\/div>\n
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that he really likes to trade so I’m<\/div>\n<\/div>\n<\/div>\n
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sitting there listening to all this and<\/div>\n<\/div>\n<\/div>\n
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this all captures my attention because<\/div>\n<\/div>\n<\/div>\n
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it’s unusual for everybody across the<\/div>\n<\/div>\n<\/div>\n
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board to be doing this well and so I<\/div>\n<\/div>\n<\/div>\n
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asked why are you guys all doing so well<\/div>\n<\/div>\n<\/div>\n
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senior trader chimes in<\/div>\n<\/div>\n<\/div>\n
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well it’s the market there’s tremendous<\/div>\n<\/div>\n<\/div>\n
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amount of opportunity that’s why we’re<\/div>\n<\/div>\n<\/div>\n
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killing it another junior trader steps<\/div>\n<\/div>\n<\/div>\n
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forward and says well you know I’m doing<\/div>\n<\/div>\n<\/div>\n
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so well because I stopped doing all the<\/div>\n<\/div>\n<\/div>\n
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stupid stuff and once I stopped doing<\/div>\n<\/div>\n<\/div>\n
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all the stupid stuff I really started to<\/div>\n<\/div>\n<\/div>\n
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trade better another trader steps<\/div>\n<\/div>\n<\/div>\n
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forward and says I think we’re really<\/div>\n<\/div>\n<\/div>\n
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doing a great job together collectively<\/div>\n<\/div>\n<\/div>\n
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as a team sharing information dr.<\/div>\n<\/div>\n<\/div>\n
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Steinberg are in the room hearing all of<\/div>\n<\/div>\n<\/div>\n
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this who is the very best trading coach<\/div>\n<\/div>\n<\/div>\n
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in the u.s. says there’s an old saying<\/div>\n<\/div>\n<\/div>\n
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in Kentucky you’re either a show horse<\/div>\n<\/div>\n<\/div>\n
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or you’re a work horse and what I’m<\/div>\n<\/div>\n<\/div>\n
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seeing in this room are a bunch of<\/div>\n<\/div>\n<\/div>\n
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workhorses if you want to be a<\/div>\n<\/div>\n<\/div>\n
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consistently profitable trader a<\/div>\n<\/div>\n<\/div>\n
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successful trader<\/div>\n<\/div>\n<\/div>\n
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you need to be a workhorse it takes time<\/div>\n<\/div>\n<\/div>\n
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legend this is an email that I received<\/div>\n<\/div>\n<\/div>\n
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from a trader who was nine months into<\/div>\n<\/div>\n<\/div>\n
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his trading career hi Mike how you doing<\/div>\n<\/div>\n<\/div>\n
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and now been trading about ten months at<\/div>\n<\/div>\n<\/div>\n
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the firm different firm than ours and<\/div>\n<\/div>\n<\/div>\n
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learning from one of the best traders<\/div>\n<\/div>\n<\/div>\n
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for our style of trading the firm as a<\/div>\n<\/div>\n<\/div>\n
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whole finds this to be one of the most<\/div>\n<\/div>\n<\/div>\n
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difficult markets and decades yet some<\/div>\n<\/div>\n<\/div>\n
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of the veteran traders are still putting<\/div>\n<\/div>\n<\/div>\n
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up great numbers and even some of the<\/div>\n<\/div>\n<\/div>\n
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new guys are able to scrape together a<\/div>\n<\/div>\n<\/div>\n
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decent month as for me I’ve really been<\/div>\n<\/div>\n<\/div>\n
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struggling and I’m probably towards the<\/div>\n<\/div>\n<\/div>\n
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bottom of my class my whole life I’ve<\/div>\n<\/div>\n<\/div>\n
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succeeded and become the best at<\/div>\n<\/div>\n<\/div>\n
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whatever I’ve put my mind to whether<\/div>\n<\/div>\n<\/div>\n
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through intelligence or sheer<\/div>\n<\/div>\n<\/div>\n
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determination yet for the first time<\/div>\n<\/div>\n<\/div>\n
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ever I find myself at a total loss every<\/div>\n<\/div>\n<\/div>\n
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month I put in more effort a while I<\/div>\n<\/div>\n<\/div>\n
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learned so much each month it never<\/div>\n<\/div>\n<\/div>\n
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translates into results I feel as if I’m<\/div>\n<\/div>\n<\/div>\n
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always one month behind this market<\/div>\n<\/div>\n<\/div>\n
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where whenever I push my trading to the<\/div>\n<\/div>\n<\/div>\n
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next level the market gets harder and<\/div>\n<\/div>\n<\/div>\n
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some of my best plays stop working and<\/div>\n<\/div>\n<\/div>\n
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the market finds new weaknesses in my<\/div>\n<\/div>\n<\/div>\n
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trading after putting so much heart and<\/div>\n<\/div>\n<\/div>\n
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effort into something and getting no<\/div>\n<\/div>\n<\/div>\n
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positive feedback the emotional aspect<\/div>\n<\/div>\n<\/div>\n
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is really taking a toll on me well this<\/div>\n<\/div>\n<\/div>\n
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has been my dream job and I don’t know<\/div>\n<\/div>\n<\/div>\n
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what else I would do I’m starting to get<\/div>\n<\/div>\n<\/div>\n
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pretty disenchanted with the whole thing<\/div>\n<\/div>\n<\/div>\n
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at what point should a trader give up<\/div>\n<\/div>\n<\/div>\n
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again this was written to me by a trader<\/div>\n<\/div>\n<\/div>\n
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nine ten months into their trading<\/div>\n<\/div>\n<\/div>\n
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career what I’m gonna say to you right<\/div>\n<\/div>\n<\/div>\n
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now after reading that email may be<\/div>\n<\/div>\n<\/div>\n
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pretty shocking<\/div>\n<\/div>\n<\/div>\n
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that was written by a trader who’s now<\/div>\n<\/div>\n<\/div>\n
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one of the top I mean star traders in<\/div>\n<\/div>\n<\/div>\n
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the US this trader is gonna do north<\/div>\n<\/div>\n<\/div>\n
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five million dollars in trading profits<\/div>\n<\/div>\n<\/div>\n
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this year and prior to that he had many<\/div>\n<\/div>\n<\/div>\n
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years where he made multiple millions of<\/div>\n<\/div>\n<\/div>\n
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dollars a year his nickname from his<\/div>\n<\/div>\n<\/div>\n
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colleagues based on his trading prowess<\/div>\n<\/div>\n<\/div>\n
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his legend he’s truly one of the great<\/div>\n<\/div>\n<\/div>\n
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active traders that I know and that is<\/div>\n<\/div>\n<\/div>\n
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out there it takes time it takes time we<\/div>\n<\/div>\n<\/div>\n
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read what he just wrote and so after he<\/div>\n<\/div>\n<\/div>\n
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actually sent me this email I had a<\/div>\n<\/div>\n<\/div>\n
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conversation with them we talked in<\/div>\n<\/div>\n<\/div>\n
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depth about his decision and I said look<\/div>\n<\/div>\n<\/div>\n
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you’ve got a great mentor you’ve got a<\/div>\n<\/div>\n<\/div>\n
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lot of resources behind you you’ve got<\/div>\n<\/div>\n<\/div>\n
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ability this is something you really<\/div>\n<\/div>\n<\/div>\n
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love to do give it another 12 months<\/div>\n<\/div>\n<\/div>\n
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let’s see we’re at he did the rest is<\/div>\n<\/div>\n<\/div>\n
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history if you want to learn three real<\/div>\n<\/div>\n<\/div>\n
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world setups that our traders use<\/div>\n<\/div>\n<\/div>\n
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including the simple setup that we teach<\/div>\n<\/div>\n<\/div>\n
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all of our new traders and the setup<\/div>\n<\/div>\n<\/div>\n
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that turned one of our traders into a<\/div>\n<\/div>\n<\/div>\n
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seven-figure big money earner check out<\/div>\n<\/div>\n<\/div>\n
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the free webinar that we’re currently<\/div>\n<\/div>\n<\/div>\n
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running just go ahead and click the link<\/div>\n<\/div>\n<\/div>\n
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that should be appearing right now at<\/div>\n<\/div>\n<\/div>\n
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the top right hand corner of your screen<\/div>\n<\/div>\n<\/div>\n
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that’s going to open up this free<\/div>\n<\/div>\n<\/div>\n
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registration page in the new window so<\/div>\n<\/div>\n<\/div>\n
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don’t worry you’re not going to lose<\/div>\n<\/div>\n<\/div>\n
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this video you’re gonna learn more in a<\/div>\n<\/div>\n<\/div>\n
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couple of hours from this trading<\/div>\n<\/div>\n<\/div>\n
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workshop then from years of online<\/div>\n<\/div>\n<\/div>\n
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education not yet not yet not yet and so<\/div>\n<\/div>\n<\/div>\n
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we used to run something called a<\/div>\n<\/div>\n<\/div>\n
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college training program and so college<\/div>\n<\/div>\n<\/div>\n
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students would come in and they could<\/div>\n<\/div>\n<\/div>\n
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take our training and we’d get a little<\/div>\n<\/div>\n<\/div>\n
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bit of a look at them and they’d get up<\/div>\n<\/div>\n<\/div>\n
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a really great education at trading<\/div>\n<\/div>\n<\/div>\n
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and so at the end of one of our college<\/div>\n<\/div>\n<\/div>\n
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training programs I took all of the<\/div>\n<\/div>\n<\/div>\n
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trainees at the lunch and looked around<\/div>\n<\/div>\n<\/div>\n
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the room and said hey are any of you<\/div>\n<\/div>\n<\/div>\n
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making money yet as a trader and they<\/div>\n<\/div>\n<\/div>\n
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all kind of looked away almost all of<\/div>\n<\/div>\n<\/div>\n
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them looked away turn their head<\/div>\n<\/div>\n<\/div>\n
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sheepishly didn’t want to answer except<\/div>\n<\/div>\n<\/div>\n
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one and the one trader on college<\/div>\n<\/div>\n<\/div>\n
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student chimed in and said well I am now<\/div>\n<\/div>\n<\/div>\n
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and we got back to the office<\/div>\n<\/div>\n<\/div>\n
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and pulled recruiting aside human<\/div>\n<\/div>\n<\/div>\n
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resources pull decided to make sure that<\/div>\n<\/div>\n<\/div>\n
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young man applies to the firm he did and<\/div>\n<\/div>\n<\/div>\n
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he’s got on to become really one of the<\/div>\n<\/div>\n<\/div>\n
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great traders at our firm one of the one<\/div>\n<\/div>\n<\/div>\n
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of the really top traders at our firm<\/div>\n<\/div>\n<\/div>\n
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somebody who has made well north of a<\/div>\n<\/div>\n<\/div>\n
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couple million dollars a year multiple<\/div>\n<\/div>\n<\/div>\n
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years now over the course of his short<\/div>\n<\/div>\n<\/div>\n
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career and you know I remember him being<\/div>\n<\/div>\n<\/div>\n
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just a young man in college and I even<\/div>\n<\/div>\n<\/div>\n
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though he was one of the guys who was<\/div>\n<\/div>\n<\/div>\n
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getting it a little bit in college and<\/div>\n<\/div>\n<\/div>\n
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his first year his trading profits with<\/div>\n<\/div>\n<\/div>\n
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us were $60,000 in his second year his<\/div>\n<\/div>\n<\/div>\n
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trading profits overall were $180,000<\/div>\n<\/div>\n<\/div>\n
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and most of that was towards the end of<\/div>\n<\/div>\n<\/div>\n
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year two he didn’t make seven figures<\/div>\n<\/div>\n<\/div>\n
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over a million dollars in P&L until his<\/div>\n<\/div>\n<\/div>\n
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third year and so if you’re not doing as<\/div>\n<\/div>\n<\/div>\n
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well as you want right now not yet if<\/div>\n<\/div>\n<\/div>\n
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you don’t think the results that you’re<\/div>\n<\/div>\n<\/div>\n
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showing right now are not conducive to<\/div>\n<\/div>\n<\/div>\n
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your ability not yet<\/div>\n<\/div>\n<\/div>\n
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if you think you should be making a lot<\/div>\n<\/div>\n<\/div>\n
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more than you are right now not yet not<\/div>\n<\/div>\n<\/div>\n
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yet not yet not yet<\/div>\n<\/div>\n<\/div>\n
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we have only trained one trader in the<\/div>\n<\/div>\n<\/div>\n
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course of our firm’s business we started<\/div>\n<\/div>\n<\/div>\n
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in 2005 so in 15 years there’s only been<\/div>\n<\/div>\n<\/div>\n
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one trader that we’ve trained that made<\/div>\n<\/div>\n<\/div>\n
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a million dollars in his first year only<\/div>\n<\/div>\n<\/div>\n
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one not yet not yet not yet the path to<\/div>\n<\/div>\n<\/div>\n
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consistently profitable trader patience<\/div>\n<\/div>\n<\/div>\n
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we talked about that not yet not yet not<\/div>\n<\/div>\n<\/div>\n
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yet<\/div>\n<\/div>\n<\/div>\n
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remember legend a foundation sample<\/div>\n<\/div>\n<\/div>\n
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daily routine a playbook in your niche<\/div>\n<\/div>\n<\/div>\n
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technology the good fail consistently<\/div>\n<\/div>\n<\/div>\n
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profitable trader sizing breath notice<\/div>\n<\/div>\n<\/div>\n
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that sizing comes after being<\/div>\n<\/div>\n<\/div>\n
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consistently profitable trader notice<\/div>\n<\/div>\n<\/div>\n
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how many things come before becoming<\/div>\n<\/div>\n<\/div>\n
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consistently profitable trader at our<\/div>\n<\/div>\n<\/div>\n
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desk at SMB we’re proprietary trading<\/div>\n<\/div>\n<\/div>\n
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desk located in New York City we fund<\/div>\n<\/div>\n<\/div>\n
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traders we hire them from zero we hire<\/div>\n<\/div>\n<\/div>\n
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them as new traders and give them all<\/div>\n<\/div>\n<\/div>\n
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the resources they need to become<\/div>\n<\/div>\n<\/div>\n
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seven-figure traders they start with<\/div>\n<\/div>\n<\/div>\n
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building a strong foundation they need<\/div>\n<\/div>\n<\/div>\n
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to learn everything they need to know<\/div>\n<\/div>\n<\/div>\n
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about trading we don’t expect them to be<\/div>\n<\/div>\n<\/div>\n
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able to make money unless they first<\/div>\n<\/div>\n<\/div>\n
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learn everything they need to learn<\/div>\n<\/div>\n<\/div>\n
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about trading so the first step is SME<\/div>\n<\/div>\n<\/div>\n
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DNA they don’t actually even come into<\/div>\n<\/div>\n<\/div>\n
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our doors to train with us in-house<\/div>\n<\/div>\n<\/div>\n
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you can’t even actually be an intern and<\/div>\n<\/div>\n<\/div>\n
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walk through our doors unless you take<\/div>\n<\/div>\n<\/div>\n
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SMB DNA can’t walk in the door and so<\/div>\n<\/div>\n<\/div>\n
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that’s the beginning of us teaching<\/div>\n<\/div>\n<\/div>\n
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traders their foundation and then the<\/div>\n<\/div>\n<\/div>\n
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next step is to take the winning trader<\/div>\n<\/div>\n<\/div>\n
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that’s where they sample Sam<\/div>\n<\/div>\n<\/div>\n
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sample they are exposed to different<\/div>\n<\/div>\n<\/div>\n
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setups that our best traders are taking<\/div>\n<\/div>\n<\/div>\n
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on a daily basis we break those trades<\/div>\n<\/div>\n<\/div>\n
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down into variables and we teach all of<\/div>\n<\/div>\n<\/div>\n
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those setups to our new traders there’s<\/div>\n<\/div>\n<\/div>\n
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break out trays mundum trade scalp<\/div>\n<\/div>\n<\/div>\n
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trades breaking news trades market play<\/div>\n<\/div>\n<\/div>\n
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trades arm trades across the boards<\/div>\n<\/div>\n<\/div>\n
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backside trades all the trades that<\/div>\n<\/div>\n<\/div>\n
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active traders take who were elite and<\/div>\n<\/div>\n<\/div>\n
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consistently profitable we break down<\/div>\n<\/div>\n<\/div>\n
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and share with our traders and then let<\/div>\n<\/div>\n<\/div>\n
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them experiment with all of that’s<\/div>\n<\/div>\n<\/div>\n
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supplemented with daily mentoring<\/div>\n<\/div>\n<\/div>\n
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sessions so we have an AM meeting we<\/div>\n<\/div>\n<\/div>\n
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have a meeting after the close<\/div>\n<\/div>\n<\/div>\n
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senior traders come in and talk about<\/div>\n<\/div>\n<\/div>\n
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what they’re doing well and how they’re<\/div>\n<\/div>\n<\/div>\n
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doing it well how they’re finding stocks<\/div>\n<\/div>\n<\/div>\n
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and what their best processes are for<\/div>\n<\/div>\n<\/div>\n
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trading at their best we have a meeting<\/div>\n<\/div>\n<\/div>\n
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after right after the open at 11:00<\/div>\n<\/div>\n<\/div>\n
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o’clock<\/div>\n<\/div>\n<\/div>\n
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talk about the best setups from the open<\/div>\n<\/div>\n<\/div>\n
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that guys can be taking from that day so<\/div>\n<\/div>\n<\/div>\n
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the learning in real time we have a<\/div>\n<\/div>\n<\/div>\n
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playbook session we have a reading the<\/div>\n<\/div>\n<\/div>\n
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tape session where they learn order flow<\/div>\n<\/div>\n<\/div>\n
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and and how to read the tape you know<\/div>\n<\/div>\n<\/div>\n
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one of the skills that prop traders have<\/div>\n<\/div>\n<\/div>\n
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that retail independent traders<\/div>\n<\/div>\n<\/div>\n
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sometimes lack but the key is they’re<\/div>\n<\/div>\n<\/div>\n
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sampling they’re sampling we and and we<\/div>\n<\/div>\n<\/div>\n
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let after we expose our traders to all<\/div>\n<\/div>\n<\/div>\n
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these different types of setups we let<\/div>\n<\/div>\n<\/div>\n
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them choose the niche that they’re going<\/div>\n<\/div>\n<\/div>\n
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to focus on we let them choose the<\/div>\n<\/div>\n<\/div>\n
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business that they’re going to build<\/div>\n<\/div>\n<\/div>\n
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with inside of the prop firm and<\/div>\n<\/div>\n<\/div>\n
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everyone’s different everyone trades<\/div>\n<\/div>\n<\/div>\n
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different setups they all make them<\/div>\n<\/div>\n<\/div>\n
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their own<\/div>\n<\/div>\n<\/div>\n
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from these setups that we teach them and<\/div>\n<\/div>\n<\/div>\n
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they all have a daily routine I’m going<\/div>\n<\/div>\n<\/div>\n
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to talk about 20 habits you might pick<\/div>\n<\/div>\n<\/div>\n
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up add to your trading to help you trade<\/div>\n<\/div>\n<\/div>\n
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better having a consistent routine helps<\/div>\n<\/div>\n<\/div>\n
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people perform better they have a<\/div>\n<\/div>\n<\/div>\n
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playbook<\/div>\n<\/div>\n<\/div>\n
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in their niche they develop that by<\/div>\n<\/div>\n<\/div>\n
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doing a playbook exercise each day<\/div>\n<\/div>\n<\/div>\n
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archiving setups and make the most sense<\/div>\n<\/div>\n<\/div>\n
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to them breaking down to coding the<\/div>\n<\/div>\n<\/div>\n
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setups that worked that made the most<\/div>\n<\/div>\n<\/div>\n
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sense to them each day and then that<\/div>\n<\/div>\n<\/div>\n
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becomes the that’s the genesis of their<\/div>\n<\/div>\n<\/div>\n
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trading business technology we have<\/div>\n<\/div>\n<\/div>\n
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weekly classes where we’re teaching<\/div>\n<\/div>\n<\/div>\n
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people how to use technology to build<\/div>\n<\/div>\n<\/div>\n
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filters and scripts and and automation<\/div>\n<\/div>\n<\/div>\n
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and then consistently profitable a<\/div>\n<\/div>\n<\/div>\n
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trader<\/div>\n<\/div>\n<\/div>\n
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we don’t expect and so we’re hiring<\/div>\n<\/div>\n<\/div>\n
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really terrific people they’re interning<\/div>\n<\/div>\n<\/div>\n
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with us we’re hiring the best of the<\/div>\n<\/div>\n<\/div>\n
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interns we don’t expect them to really<\/div>\n<\/div>\n<\/div>\n
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make money until a little bit later in<\/div>\n<\/div>\n<\/div>\n
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their trading career we give them plenty<\/div>\n<\/div>\n<\/div>\n
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of time we don’t expect somebody who<\/div>\n<\/div>\n<\/div>\n
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we’ve hired to kill it month three so if<\/div>\n<\/div>\n<\/div>\n
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we as what people consider to be the<\/div>\n<\/div>\n<\/div>\n
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most successful prop firm in the u.s. at<\/div>\n<\/div>\n<\/div>\n
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building traders from the beginning into<\/div>\n<\/div>\n<\/div>\n
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consistently profitable and then<\/div>\n<\/div>\n<\/div>\n
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seven-figure traders that’s what we’re<\/div>\n<\/div>\n<\/div>\n
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known for if we are and traders have all<\/div>\n<\/div>\n<\/div>\n
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these resources they’ve you know<\/div>\n<\/div>\n<\/div>\n
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millions of dollars of capital and the<\/div>\n<\/div>\n<\/div>\n
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best coaching the best technology<\/div>\n<\/div>\n<\/div>\n
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experienced traders around them who do<\/div>\n<\/div>\n<\/div>\n
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really really well everything you need<\/div>\n<\/div>\n<\/div>\n
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if we don’t expect them to make money<\/div>\n<\/div>\n<\/div>\n
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right away and maybe you shouldn’t find<\/div>\n<\/div>\n<\/div>\n
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your talent with the power of sample so<\/div>\n<\/div>\n<\/div>\n
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to many who take one or two training<\/div>\n<\/div>\n<\/div>\n
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courses fail and then they conclude one<\/div>\n<\/div>\n<\/div>\n
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of two things either I’m a bad trader or<\/div>\n<\/div>\n<\/div>\n
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the training is is a scam so let me put<\/div>\n<\/div>\n<\/div>\n
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this in context so I’m a former Division<\/div>\n<\/div>\n<\/div>\n
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one athlete<\/div>\n<\/div>\n<\/div>\n
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and when I grew up I played three sports<\/div>\n<\/div>\n<\/div>\n
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I played soccer I played basketball and<\/div>\n<\/div>\n<\/div>\n
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I played baseball<\/div>\n<\/div>\n<\/div>\n
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I played the most soccer spent most of<\/div>\n<\/div>\n<\/div>\n
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my time playing soccer I practiced the<\/div>\n<\/div>\n<\/div>\n
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most at basketball and I played the<\/div>\n<\/div>\n<\/div>\n
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least and practiced I did practice<\/div>\n<\/div>\n<\/div>\n
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baseball but practice the least of any<\/div>\n<\/div>\n<\/div>\n
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of the sports playing baseball and you<\/div>\n<\/div>\n<\/div>\n
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know as I grew older it turned out that<\/div>\n<\/div>\n<\/div>\n
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you know I could have practiced as many<\/div>\n<\/div>\n<\/div>\n
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hours in the day as they possibly could<\/div>\n<\/div>\n<\/div>\n
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for soccer and if I did that I was never<\/div>\n<\/div>\n<\/div>\n
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going to be a division 1 soccer player I<\/div>\n<\/div>\n<\/div>\n
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could have practiced hours upon hours<\/div>\n<\/div>\n<\/div>\n
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and upon hours more playing basketball<\/div>\n<\/div>\n<\/div>\n
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and I was not going to be a division 1<\/div>\n<\/div>\n<\/div>\n
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athlete but for whatever reason I can<\/div>\n<\/div>\n<\/div>\n
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throw a baseball really fast and that’s<\/div>\n<\/div>\n<\/div>\n
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part of you know abilities that that I<\/div>\n<\/div>\n<\/div>\n
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had and then that were developed but we<\/div>\n<\/div>\n<\/div>\n
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need to recognize that as traders we<\/div>\n<\/div>\n<\/div>\n
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have unique personality and cognitive<\/div>\n<\/div>\n<\/div>\n
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strengths and we need to build on them<\/div>\n<\/div>\n<\/div>\n
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and if we go into the wrong niche<\/div>\n<\/div>\n<\/div>\n
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learning as a trader we’re not going to<\/div>\n<\/div>\n<\/div>\n
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succeed<\/div>\n<\/div>\n<\/div>\n
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we have traders on our desk who if we<\/div>\n<\/div>\n<\/div>\n
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made them scalp would not be successful<\/div>\n<\/div>\n<\/div>\n
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but if we let them do the things they’re<\/div>\n<\/div>\n<\/div>\n
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good at can be seven figures that are<\/div>\n<\/div>\n<\/div>\n
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\n
seven-figure traders we have traders on<\/div>\n<\/div>\n<\/div>\n
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our desk okay who if we made them to be<\/div>\n<\/div>\n<\/div>\n
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swing traders would not be seven-figure<\/div>\n<\/div>\n<\/div>\n
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traders<\/div>\n<\/div>\n<\/div>\n
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find your talent after sampling you got<\/div>\n<\/div>\n<\/div>\n
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to try a bunch of different types of<\/div>\n<\/div>\n<\/div>\n
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trading different types of products you<\/div>\n<\/div>\n<\/div>\n
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got to give it some time and then from<\/div>\n<\/div>\n<\/div>\n
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there see where your talent lies for<\/div>\n<\/div>\n<\/div>\n
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trading and gravitate towards that daily<\/div>\n<\/div>\n<\/div>\n
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routine drives your improvement<\/div>\n<\/div>\n<\/div>\n
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James clear wrote one of the great books<\/div>\n<\/div>\n<\/div>\n
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last year that I recommended to all the<\/div>\n<\/div>\n<\/div>\n
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traders on our desk and in our community<\/div>\n<\/div>\n<\/div>\n
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called atomic habits must read find some<\/div>\n<\/div>\n<\/div>\n
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time to pick it up he also writes a<\/div>\n<\/div>\n<\/div>\n
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great newsletter and in a recent one he<\/div>\n<\/div>\n<\/div>\n
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wrote you do not rise to the level of<\/div>\n<\/div>\n<\/div>\n
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your goals you fall to the level of your<\/div>\n<\/div>\n<\/div>\n
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systems your goal is your desired<\/div>\n<\/div>\n<\/div>\n
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outcome your system is the collection of<\/div>\n<\/div>\n<\/div>\n
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your daily habits that will get you<\/div>\n<\/div>\n<\/div>\n
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there<\/div>\n<\/div>\n<\/div>\n
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this year spend less time focusing on<\/div>\n<\/div>\n<\/div>\n
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the outcomes and more time focusing on<\/div>\n<\/div>\n<\/div>\n
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the habits that precede the results our<\/div>\n<\/div>\n<\/div>\n
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job is to develop a routine of best<\/div>\n<\/div>\n<\/div>\n
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practices that are effective that we<\/div>\n<\/div>\n<\/div>\n
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turn into habit that’s what allows us to<\/div>\n<\/div>\n<\/div>\n
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improve as a trader for example here are<\/div>\n<\/div>\n<\/div>\n
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20 habits for traders unless you want to<\/div>\n<\/div>\n<\/div>\n
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fail that we recommend to our traders<\/div>\n<\/div>\n<\/div>\n
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and that they put on their calendar and<\/div>\n<\/div>\n<\/div>\n
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implement into their trading day a daily<\/div>\n<\/div>\n<\/div>\n
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playbook tape reading watching back<\/div>\n<\/div>\n<\/div>\n
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recorded film from the trading session<\/div>\n<\/div>\n<\/div>\n
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that’s most that that’s most interesting<\/div>\n<\/div>\n<\/div>\n
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to them where big moves came after<\/div>\n<\/div>\n<\/div>\n
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mindfulness 10 minutes a day of<\/div>\n<\/div>\n<\/div>\n
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mindfulness practice learning daily so<\/div>\n<\/div>\n<\/div>\n
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one of the things I do each day is I<\/div>\n<\/div>\n<\/div>\n
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walk to and from work well I used to<\/div>\n<\/div>\n<\/div>\n
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walk to and from work but now that we<\/div>\n<\/div>\n<\/div>\n
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have the coronavirus fears we actually<\/div>\n<\/div>\n<\/div>\n
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moved out of the city into a shore house<\/div>\n<\/div>\n<\/div>\n
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this big shore house and that’s where<\/div>\n<\/div>\n<\/div>\n
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sort of all hold up but what I used to<\/div>\n<\/div>\n<\/div>\n
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do was walk to and from work and I would<\/div>\n<\/div>\n<\/div>\n
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listen to audiobooks I listen to<\/div>\n<\/div>\n<\/div>\n
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audiobooks I listen to podcasts and I<\/div>\n<\/div>\n<\/div>\n
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built into my day time for me to learn<\/div>\n<\/div>\n<\/div>\n
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sleep properly I wear this or a ring it<\/div>\n<\/div>\n<\/div>\n
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measures my sleep I don’t get a certain<\/div>\n<\/div>\n<\/div>\n
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amount of sleep i ordering gives me a<\/div>\n<\/div>\n<\/div>\n
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really bad score I know that I’m not<\/div>\n<\/div>\n<\/div>\n
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gonna perform as well there are traitors<\/div>\n<\/div>\n<\/div>\n
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on our desk who risk down when they<\/div>\n<\/div>\n<\/div>\n
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don’t get a good night’s sleep<\/div>\n<\/div>\n<\/div>\n
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traitor view this is a great tool which<\/div>\n<\/div>\n<\/div>\n
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you can use that helps you to crunch<\/div>\n<\/div>\n<\/div>\n
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your stats a book of charts every time<\/div>\n<\/div>\n<\/div>\n
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you see a really great chart that<\/div>\n<\/div>\n<\/div>\n
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preceded a really big move that you want<\/div>\n<\/div>\n<\/div>\n
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to capture you take a snapshot of that<\/div>\n<\/div>\n<\/div>\n
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chart you mark up the chart and then you<\/div>\n<\/div>\n<\/div>\n
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put it into a book over the weekend you<\/div>\n<\/div>\n<\/div>\n
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go through your book of charts so you<\/div>\n<\/div>\n<\/div>\n
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internalize the really great charting<\/div>\n<\/div>\n<\/div>\n
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setups that you’re gonna build your<\/div>\n<\/div>\n<\/div>\n
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career out of exercise so one of the<\/div>\n<\/div>\n<\/div>\n
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great things that I did last year is<\/div>\n<\/div>\n<\/div>\n
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hired a personal trainer even though<\/div>\n<\/div>\n<\/div>\n
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we’re secluded right now actually we<\/div>\n<\/div>\n<\/div>\n
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have these virtual sessions with my<\/div>\n<\/div>\n<\/div>\n
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trainer who is in New York City right<\/div>\n<\/div>\n<\/div>\n
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now and you know over my iPad how we do<\/div>\n<\/div>\n<\/div>\n
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a bunch of workouts I got a bunch of<\/div>\n<\/div>\n<\/div>\n
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bands I got a TRX and we get some good<\/div>\n<\/div>\n<\/div>\n
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workouts in no excuses a diet what are<\/div>\n<\/div>\n<\/div>\n
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the things are gonna lead to thinking<\/div>\n<\/div>\n<\/div>\n
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well it’s a big part of your life as a<\/div>\n<\/div>\n<\/div>\n
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trader mentoring sessions technology<\/div>\n<\/div>\n<\/div>\n
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what technology you’re gonna build to<\/div>\n<\/div>\n<\/div>\n
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find your best trades and prep a daily<\/div>\n<\/div>\n<\/div>\n
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report card I’ll talk a little bit about<\/div>\n<\/div>\n<\/div>\n
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that rip through charts at night rip<\/div>\n<\/div>\n<\/div>\n
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\n
through a bunch of daily charts to find<\/div>\n<\/div>\n<\/div>\n
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technical setups that may visit the next<\/div>\n<\/div>\n<\/div>\n
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trading session talk to traders when<\/div>\n<\/div>\n<\/div>\n
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you’re in a trade you’re going to have a<\/div>\n<\/div>\n<\/div>\n
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perspect<\/div>\n<\/div>\n<\/div>\n
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that may not be complete go talk to<\/div>\n<\/div>\n<\/div>\n
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other traders about theirs put that<\/div>\n<\/div>\n<\/div>\n
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together gives you more complete picture<\/div>\n<\/div>\n<\/div>\n
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of what really happened to the trade<\/div>\n<\/div>\n<\/div>\n
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gameplan your big trade so what’s gonna<\/div>\n<\/div>\n<\/div>\n
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be the big trade right around the corner<\/div>\n<\/div>\n<\/div>\n
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that you want to be involved in game<\/div>\n<\/div>\n<\/div>\n
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plan before your a.m. meeting what are<\/div>\n<\/div>\n<\/div>\n
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the stocks you want to trade on that<\/div>\n<\/div>\n<\/div>\n
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particular session what are the levels<\/div>\n<\/div>\n<\/div>\n
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that are most important to you what’s<\/div>\n<\/div>\n<\/div>\n
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your top idea what alerts you’re gonna<\/div>\n<\/div>\n<\/div>\n
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put into your system for your third<\/div>\n<\/div>\n<\/div>\n
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fourth fifth six ideas daily gratitude<\/div>\n<\/div>\n<\/div>\n
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\n
this is an exercise I do with my kids<\/div>\n<\/div>\n<\/div>\n
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\n
before we go to bed I say to them what<\/div>\n<\/div>\n<\/div>\n
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are the three things that you’re<\/div>\n<\/div>\n<\/div>\n
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grateful for from the day admittedly<\/div>\n<\/div>\n<\/div>\n
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sometimes I’m met with blank stares and<\/div>\n<\/div>\n<\/div>\n
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I sort of coax them into oh you got a<\/div>\n<\/div>\n<\/div>\n
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new basketball hoop from your aunt today<\/div>\n<\/div>\n<\/div>\n
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oh yeah dad we got a new basketball hoop<\/div>\n<\/div>\n<\/div>\n
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but that’s a great that’s a great<\/div>\n<\/div>\n<\/div>\n
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exercise to go through before you go to<\/div>\n<\/div>\n<\/div>\n
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sleep train your brain so brain HQ is a<\/div>\n<\/div>\n<\/div>\n
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great site to visit where you can work<\/div>\n<\/div>\n<\/div>\n
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on your mental acuity and relationships<\/div>\n<\/div>\n<\/div>\n
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do you have strong relationships that<\/div>\n<\/div>\n<\/div>\n
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ground you and make trading so that you<\/div>\n<\/div>\n<\/div>\n
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can put trading into its proper<\/div>\n<\/div>\n<\/div>\n
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perspective you want to be happy outside<\/div>\n<\/div>\n<\/div>\n
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of trading so that when you are trading<\/div>\n<\/div>\n<\/div>\n
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you’re trading<\/div>\n<\/div>\n<\/div>\n
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better so this is a snapshot of one of<\/div>\n<\/div>\n<\/div>\n
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our really one of the traders who I just<\/div>\n<\/div>\n<\/div>\n
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think the world of I don’t know that<\/div>\n<\/div>\n<\/div>\n
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there’s a trader that I root harder for<\/div>\n<\/div>\n<\/div>\n
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and that I’m really more proud of his<\/div>\n<\/div>\n<\/div>\n
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success then then than anyone and so and<\/div>\n<\/div>\n<\/div>\n
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\n
I have to sort of share this anecdote<\/div>\n<\/div>\n<\/div>\n
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\n
which is for I think about the last 18<\/div>\n<\/div>\n<\/div>\n
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\n
months I’ve been coaxing him every time<\/div>\n<\/div>\n<\/div>\n
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I see him pass me every time we have a<\/div>\n<\/div>\n<\/div>\n
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private meeting that he’s going to be<\/div>\n<\/div>\n<\/div>\n
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\n
the next green shirt trader at the firm<\/div>\n<\/div>\n<\/div>\n
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\n
you earn a green shirt if you make a<\/div>\n<\/div>\n<\/div>\n
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and trading profits in the year he’s<\/div>\n<\/div>\n<\/div>\n
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been very consistent but has never<\/div>\n<\/div>\n<\/div>\n
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\n
gotten up to that level and so I’ve been<\/div>\n<\/div>\n<\/div>\n
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on him and on him and on him for him to<\/div>\n<\/div>\n<\/div>\n
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think about him being the next green<\/div>\n<\/div>\n<\/div>\n
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\n
shirt trader at the firm that he can be<\/div>\n<\/div>\n<\/div>\n
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\n
somebody who makes those kind of profits<\/div>\n<\/div>\n<\/div>\n
\n
\n
but before I even really started to get<\/div>\n<\/div>\n<\/div>\n
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after him about stuff like that he came<\/div>\n<\/div>\n<\/div>\n
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in to meet with our risk manager and<\/div>\n<\/div>\n<\/div>\n
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myself about getting a risk bomb with a<\/div>\n<\/div>\n<\/div>\n
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particular strategy and I was a little<\/div>\n<\/div>\n<\/div>\n
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bit lacs to give the risk bump prior to<\/div>\n<\/div>\n<\/div>\n
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the meeting but he sat down and he<\/div>\n<\/div>\n<\/div>\n
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plopped his trader view stats in front<\/div>\n<\/div>\n<\/div>\n
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of our floor manager and myself<\/div>\n<\/div>\n<\/div>\n
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\n
and the stats were gorgeous 10 out of 10<\/div>\n<\/div>\n<\/div>\n
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just just supermodel ish looking equity<\/div>\n<\/div>\n<\/div>\n
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curve for the particular strategy which<\/div>\n<\/div>\n<\/div>\n
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he wanted more capital for and I’m<\/div>\n<\/div>\n<\/div>\n
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really glad I didn’t say anything<\/div>\n<\/div>\n<\/div>\n
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I’m glad the floor manager didn’t say<\/div>\n<\/div>\n<\/div>\n
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anything because we looked at that<\/div>\n<\/div>\n<\/div>\n
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equity curve and did the only thing that<\/div>\n<\/div>\n<\/div>\n
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anyone would possibly do when they<\/div>\n<\/div>\n<\/div>\n
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looked at an equity curve like that<\/div>\n<\/div>\n<\/div>\n
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which is we gave him more by power and<\/div>\n<\/div>\n<\/div>\n
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but you know he earned it because he<\/div>\n<\/div>\n<\/div>\n
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kept the stats he used technology to<\/div>\n<\/div>\n<\/div>\n
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show him that he deserved more risk and<\/div>\n<\/div>\n<\/div>\n
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us that he deserved more risk but you<\/div>\n<\/div>\n<\/div>\n
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should do that too is at home you<\/div>\n<\/div>\n<\/div>\n
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shouldn’t be giving yourself more risk<\/div>\n<\/div>\n<\/div>\n
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unless you can sit down with trading<\/div>\n<\/div>\n<\/div>\n
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stats and show to yourself that you<\/div>\n<\/div>\n<\/div>\n
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trade a particular strategy really well<\/div>\n<\/div>\n<\/div>\n
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we tagged all of our trades we measure<\/div>\n<\/div>\n<\/div>\n
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all of our trades at our firm so we know<\/div>\n<\/div>\n<\/div>\n
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which trades we trade the best we know<\/div>\n<\/div>\n<\/div>\n
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what our stats are for break out trades<\/div>\n<\/div>\n<\/div>\n
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we know what our stats are for fade<\/div>\n<\/div>\n<\/div>\n
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trades we know what our stats are for<\/div>\n<\/div>\n<\/div>\n
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\n
market play trades we know what our<\/div>\n<\/div>\n<\/div>\n
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\n
stats are for breaking news trades and<\/div>\n<\/div>\n<\/div>\n
\n
\n
on and on and on you should know that as<\/div>\n<\/div>\n<\/div>\n
\n
\n
well this is what professional traders<\/div>\n<\/div>\n<\/div>\n
\n
\n
do to ask for and receive more capital<\/div>\n<\/div>\n<\/div>\n
\n
\n
so let’s picture shark and this is a<\/div>\n<\/div>\n<\/div>\n
\n
\n
picture shark getting his first black<\/div>\n<\/div>\n<\/div>\n
\n
\n
shirt at the firm get a black shirt if<\/div>\n<\/div>\n<\/div>\n
\n
\n
you make 2 million and trading profits<\/div>\n<\/div>\n<\/div>\n
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\n
in a year and so shark is probably it’s<\/div>\n<\/div>\n<\/div>\n
\n
\n
probably our best overall trader at the<\/div>\n<\/div>\n<\/div>\n
\n
\n
firm and it couldn’t be happier for<\/div>\n<\/div>\n<\/div>\n
\n
\n
shark and you know shark is just<\/div>\n<\/div>\n<\/div>\n
\n
\n
remarkable I I still to this day to<\/div>\n<\/div>\n<\/div>\n
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remember when after he earned his green<\/div>\n<\/div>\n<\/div>\n
\n
\n
shirt his first green shirt at a million<\/div>\n<\/div>\n<\/div>\n
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\n
dollars in trading PNL writing that you<\/div>\n<\/div>\n<\/div>\n
\n
\n
know his his ultimate goal was to be<\/div>\n<\/div>\n<\/div>\n
\n
\n
able to make 10 million dollars in a<\/div>\n<\/div>\n<\/div>\n
\n
\n
trading year and specifically how he was<\/div>\n<\/div>\n<\/div>\n
\n
\n
going to go about doing that and when I<\/div>\n<\/div>\n<\/div>\n
\n
\n
read that it just inspired me to be a<\/div>\n<\/div>\n<\/div>\n
\n
\n
better coach it inspired me to be a<\/div>\n<\/div>\n<\/div>\n
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\n
better mentor a better you know managing<\/div>\n<\/div>\n<\/div>\n
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\n
partner of a firm to make sure he had<\/div>\n<\/div>\n<\/div>\n
\n
\n
all the things that he needed to be able<\/div>\n<\/div>\n<\/div>\n
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\n
to hit that level and nobody epitomizes<\/div>\n<\/div>\n<\/div>\n
\n
\n
the importance of a growth mindset<\/div>\n<\/div>\n<\/div>\n
\n
\n
better than shark always trying to get<\/div>\n<\/div>\n<\/div>\n
\n
\n
better the fact over the last two years<\/div>\n<\/div>\n<\/div>\n
\n
\n
he’s gotten much better with marketplace<\/div>\n<\/div>\n<\/div>\n
\n
\n
as volatilities expanded volatility has<\/div>\n<\/div>\n<\/div>\n
\n
\n
been above 60 for a long period of time<\/div>\n<\/div>\n<\/div>\n
\n
\n
we haven’t seen that in a really long<\/div>\n<\/div>\n<\/div>\n
\n
\n
period of time he’s been able to take<\/div>\n<\/div>\n<\/div>\n
\n
\n
advantage of this recent market and and<\/div>\n<\/div>\n<\/div>\n
\n
\n
really crush it you know and and and so<\/div>\n<\/div>\n<\/div>\n
\n
\n
I remember having a bootcamp with dr.<\/div>\n<\/div>\n<\/div>\n
\n
\n
Steinberger reteaching shark marketplace<\/div>\n<\/div>\n<\/div>\n
\n
\n
him working on them month by month<\/div>\n<\/div>\n<\/div>\n
\n
\n
getting a little bit better month by<\/div>\n<\/div>\n<\/div>\n
\n
\n
month because he started and became<\/div>\n<\/div>\n<\/div>\n
\n
\n
really good in a low-volatility<\/div>\n<\/div>\n<\/div>\n
\n
\n
environment there are certain setups<\/div>\n<\/div>\n<\/div>\n
\n
\n
that work really well when vixx is 15 or<\/div>\n<\/div>\n<\/div>\n
\n
\n
12 that you need to go to to be able to<\/div>\n<\/div>\n<\/div>\n
\n
\n
be an elite trader like he was it’s<\/div>\n<\/div>\n<\/div>\n
\n
\n
actually really hard to be an elite<\/div>\n<\/div>\n<\/div>\n
\n
\n
trader when vixx is 15 and below even 12<\/div>\n<\/div>\n<\/div>\n
\n
\n
below at certain times and he did that<\/div>\n<\/div>\n<\/div>\n
\n
\n
he figured that out and then and I sort<\/div>\n<\/div>\n<\/div>\n
\n
\n
of chuckle looking at this picture of us<\/div>\n<\/div>\n<\/div>\n
\n
\n
with shark earning his first buck shirt<\/div>\n<\/div>\n<\/div>\n
\n
\n
because and this is this is a career<\/div>\n<\/div>\n<\/div>\n
\n
\n
achievement at our firm you kind of come<\/div>\n<\/div>\n<\/div>\n
\n
\n
up the curve wanting one day to be in a<\/div>\n<\/div>\n<\/div>\n
\n
\n
picture like this and earning a black<\/div>\n<\/div>\n<\/div>\n
\n
\n
shirt it’s like the top of the mountain<\/div>\n<\/div>\n<\/div>\n
\n
\n
but because he has such a growth mindset<\/div>\n<\/div>\n<\/div>\n
\n
\n
because he keeps learning you know this<\/div>\n<\/div>\n<\/div>\n
\n
\n
month and you know volatility and<\/div>\n<\/div>\n<\/div>\n
\n
\n
opportunity was there but this month he<\/div>\n<\/div>\n<\/div>\n
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\n
earned more than that in one month he<\/div>\n<\/div>\n<\/div>\n
\n
\n
earned more than a black shirt in one<\/div>\n<\/div>\n<\/div>\n
\n
\n
month he made over three and a half<\/div>\n<\/div>\n<\/div>\n
\n
\n
million dollars in in March and one<\/div>\n<\/div>\n<\/div>\n
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\n
month because he was working on his<\/div>\n<\/div>\n<\/div>\n
\n
\n
market play trades and walked into a<\/div>\n<\/div>\n<\/div>\n
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market where that really paid and I<\/div>\n<\/div>\n<\/div>\n
\n
\n
chuckle because this used to be you know<\/div>\n<\/div>\n<\/div>\n
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\n
a great day at this point this was his<\/div>\n<\/div>\n<\/div>\n
\n
\n
new high day three hundred seventy<\/div>\n<\/div>\n<\/div>\n
\n
\n
thousand dollars in one day but one of<\/div>\n<\/div>\n<\/div>\n
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\n
the best practices that we recommend for<\/div>\n<\/div>\n<\/div>\n
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\n
our guys is to do a daily report card he<\/div>\n<\/div>\n<\/div>\n
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\n
sends this to dr. Steen Barger and<\/div>\n<\/div>\n<\/div>\n
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\n
myself each day after the close and we<\/div>\n<\/div>\n<\/div>\n
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\n
give him feedback on what he’s doing he<\/div>\n<\/div>\n<\/div>\n
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\n
usually focuses on one thing that he’s<\/div>\n<\/div>\n<\/div>\n
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\n
working on intensively to improve his<\/div>\n<\/div>\n<\/div>\n
\n
\n
trading so we can get to the next level<\/div>\n<\/div>\n<\/div>\n
\n
\n
and then again we provide feedback look<\/div>\n<\/div>\n<\/div>\n
\n
\n
what he writes in this even with a new<\/div>\n<\/div>\n<\/div>\n
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\n
high score I don’t leave absolutely<\/div>\n<\/div>\n<\/div>\n
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\n
gung-ho how can I get better how can I<\/div>\n<\/div>\n<\/div>\n
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\n
get better how can I get better<\/div>\n<\/div>\n<\/div>\n
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\n
how do I find my trading identity<\/div>\n<\/div>\n<\/div>\n
\n
\n
alright so I talk about hey find your<\/div>\n<\/div>\n<\/div>\n
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\n
niche find your niche after doing some<\/div>\n<\/div>\n<\/div>\n
\n
\n
sampling but what does that really all<\/div>\n<\/div>\n<\/div>\n
\n
\n
look like so here’s some thoughts that I<\/div>\n<\/div>\n<\/div>\n
\n
\n
shared recently on our blog on finding<\/div>\n<\/div>\n<\/div>\n
\n
\n
your trading identity foundation train<\/div>\n<\/div>\n<\/div>\n
\n
\n
so you have a solid foundation in<\/div>\n<\/div>\n<\/div>\n
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\n
trading that’s got to come first<\/div>\n<\/div>\n<\/div>\n
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that sample gained exposure to different<\/div>\n<\/div>\n<\/div>\n
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\n
setups with edge to see which ones make<\/div>\n<\/div>\n<\/div>\n
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\n
the most sense to you consider how<\/div>\n<\/div>\n<\/div>\n
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\n
you’ve been successful in the past and<\/div>\n<\/div>\n<\/div>\n
\n
\n
find setups that accentuate those<\/div>\n<\/div>\n<\/div>\n
\n
\n
strengths so if you’re a really quick<\/div>\n<\/div>\n<\/div>\n
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\n
thinker and you’ve noticed you’ve been<\/div>\n<\/div>\n<\/div>\n
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\n
faster at thinking than other people in<\/div>\n<\/div>\n<\/div>\n
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\n
the in the past you just sort of get<\/div>\n<\/div>\n<\/div>\n
\n
\n
things really quickly may be really good<\/div>\n<\/div>\n<\/div>\n
\n
\n
at math think about scalping if you are<\/div>\n<\/div>\n<\/div>\n
\n
\n
a really great analytical thinker all<\/div>\n<\/div>\n<\/div>\n
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\n
right well you’re gonna you’re gonna<\/div>\n<\/div>\n<\/div>\n
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\n
gravitate towards trades that work for<\/div>\n<\/div>\n<\/div>\n
\n
\n
your cognitive strengths all right then<\/div>\n<\/div>\n<\/div>\n
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\n
build the playbook this is your business<\/div>\n<\/div>\n<\/div>\n
\n
\n
I wrote a book called the playbook the<\/div>\n<\/div>\n<\/div>\n
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\n
second book that I wrote I hear it’s<\/div>\n<\/div>\n<\/div>\n
\n
\n
pretty good I might want to go check it<\/div>\n<\/div>\n<\/div>\n
\n
\n
out if you don’t know how to actually<\/div>\n<\/div>\n<\/div>\n
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\n
build the playbook or you go to our<\/div>\n<\/div>\n<\/div>\n
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\n
YouTube channel where we have lots of<\/div>\n<\/div>\n<\/div>\n
\n
\n
examples of playbook trades for you guys<\/div>\n<\/div>\n<\/div>\n
\n
\n
to learn about I’ll also show you a tray<\/div>\n<\/div>\n<\/div>\n
\n
\n
a little bit later in PlayBook form that<\/div>\n<\/div>\n<\/div>\n
\n
\n
you can co-op for your trading sit with<\/div>\n<\/div>\n<\/div>\n
\n
\n
your trend trading identity before the<\/div>\n<\/div>\n<\/div>\n
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\n
open so there’s a video that I’ve I did<\/div>\n<\/div>\n<\/div>\n
\n
\n
with Austin Mitchum there’s a great<\/div>\n<\/div>\n<\/div>\n
\n
\n
Australian equities trader take who took<\/div>\n<\/div>\n<\/div>\n
\n
\n
the principles that I taught at an SMB<\/div>\n<\/div>\n<\/div>\n
\n
\n
DNA and applied them to the Australian<\/div>\n<\/div>\n<\/div>\n
\n
\n
equities marketplace but one of the<\/div>\n<\/div>\n<\/div>\n
\n
\n
things that he does to make sure that he<\/div>\n<\/div>\n<\/div>\n
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\n
is at his best and takes the trade<\/div>\n<\/div>\n<\/div>\n
\n
\n
that highlight his personality and<\/div>\n<\/div>\n<\/div>\n
\n
\n
cognitive strengths is that he literally<\/div>\n<\/div>\n<\/div>\n
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\n
sits before the open with his trading<\/div>\n<\/div>\n<\/div>\n
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\n
identity and reminds himself what he’s<\/div>\n<\/div>\n<\/div>\n
\n
\n
good at<\/div>\n<\/div>\n<\/div>\n
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\n
before each open tag and measure your<\/div>\n<\/div>\n<\/div>\n
\n
\n
trades keep score so did a video<\/div>\n<\/div>\n<\/div>\n
\n
\n
outlining how to keep trading stats to<\/div>\n<\/div>\n<\/div>\n
\n
\n
find your niche which you can find on<\/div>\n<\/div>\n<\/div>\n
\n
\n
YouTube crease your risk on setups that<\/div>\n<\/div>\n<\/div>\n
\n
\n
measure well in real time and doing what<\/div>\n<\/div>\n<\/div>\n
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\n
we do best<\/div>\n<\/div>\n<\/div>\n
\n
\n
makes us the best version of who we are<\/div>\n<\/div>\n<\/div>\n
\n
\n
so think about that how were you<\/div>\n<\/div>\n<\/div>\n
\n
\n
successful in the past what did that<\/div>\n<\/div>\n<\/div>\n
\n
\n
look like how can you apply that to<\/div>\n<\/div>\n<\/div>\n
\n
\n
trading you know and a great example of<\/div>\n<\/div>\n<\/div>\n
\n
\n
that is and I chuckle looking at this<\/div>\n<\/div>\n<\/div>\n
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\n
this is swang this is swine getting his<\/div>\n<\/div>\n<\/div>\n
\n
\n
first black shirt and like shark in<\/div>\n<\/div>\n<\/div>\n
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\n
March he earned enough just in that<\/div>\n<\/div>\n<\/div>\n
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\n
month to earn a black shirt you know he<\/div>\n<\/div>\n<\/div>\n
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\n
did over three and a half million<\/div>\n<\/div>\n<\/div>\n
\n
\n
dollars in trading P&L for the month of<\/div>\n<\/div>\n<\/div>\n
\n
\n
March and one month and it wasn’t that<\/div>\n<\/div>\n<\/div>\n
\n
\n
long ago actually where he so I had been<\/div>\n<\/div>\n<\/div>\n
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\n
a incredibly consistent trader for a<\/div>\n<\/div>\n<\/div>\n
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\n
long period of time and just his numbers<\/div>\n<\/div>\n<\/div>\n
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\n
were just incredibly consistent able to<\/div>\n<\/div>\n<\/div>\n
\n
\n
make a lot of P&L but day in and day out<\/div>\n<\/div>\n<\/div>\n
\n
\n
week in week out month in a month just<\/div>\n<\/div>\n<\/div>\n
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\n
always pretty consistent very little<\/div>\n<\/div>\n<\/div>\n
\n
\n
draw downs but there was one period of<\/div>\n<\/div>\n<\/div>\n
\n
\n
time where he did have a drawdown and I<\/div>\n<\/div>\n<\/div>\n
\n
\n
remember him bringing in his statistics<\/div>\n<\/div>\n<\/div>\n
\n
\n
for the month to a monthly review<\/div>\n<\/div>\n<\/div>\n
\n
\n
session with his team dr. Steinberg or<\/div>\n<\/div>\n<\/div>\n
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\n
myself and our floor manager and he had<\/div>\n<\/div>\n<\/div>\n
\n
\n
experienced the period of drawdown I<\/div>\n<\/div>\n<\/div>\n
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\n
think the first one that I remember<\/div>\n<\/div>\n<\/div>\n
\n
\n
since he started eight nine years ago<\/div>\n<\/div>\n<\/div>\n
\n
\n
and we looked at his stats and you know<\/div>\n<\/div>\n<\/div>\n
\n
\n
dr. Stein Barger type of stats and said<\/div>\n<\/div>\n<\/div>\n
\n
\n
I’m seeing the problem and he said don’t<\/div>\n<\/div>\n<\/div>\n
\n
\n
let your swing trading get in the way of<\/div>\n<\/div>\n<\/div>\n
\n
\n
your swang trading and what this great<\/div>\n<\/div>\n<\/div>\n
\n
\n
active trader was doing was he was<\/div>\n<\/div>\n<\/div>\n
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\n
taking too many trades<\/div>\n<\/div>\n<\/div>\n
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\n
on longer time frames that were not his<\/div>\n<\/div>\n<\/div>\n
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\n
niche there outside what he does best<\/div>\n<\/div>\n<\/div>\n
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\n
and this elite Raider having him do<\/div>\n<\/div>\n<\/div>\n
\n
\n
something that he wasn’t best at not<\/div>\n<\/div>\n<\/div>\n
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\n
only diminished his results but turned<\/div>\n<\/div>\n<\/div>\n
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\n
his results incredibly positive results<\/div>\n<\/div>\n<\/div>\n
\n
\n
to a drawdown to losing money by just by<\/div>\n<\/div>\n<\/div>\n
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\n
making too many swing trades for<\/div>\n<\/div>\n<\/div>\n
\n
\n
somebody that’s that’s more of a very<\/div>\n<\/div>\n<\/div>\n
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\n
active trader that’s how important<\/div>\n<\/div>\n<\/div>\n
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\n
trading to your niche is that’s so<\/div>\n<\/div>\n<\/div>\n
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\n
important I mean if it’s that important<\/div>\n<\/div>\n<\/div>\n
\n
\n
for swang somebody who made three and a<\/div>\n<\/div>\n<\/div>\n
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\n
half million dollars in trading profits<\/div>\n<\/div>\n<\/div>\n
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\n
in march somebody to prior that is on<\/div>\n<\/div>\n<\/div>\n
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\n
multiple years earned a black shirt for<\/div>\n<\/div>\n<\/div>\n
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\n
his trading profits if it’s that<\/div>\n<\/div>\n<\/div>\n
\n
\n
important to him one of the best active<\/div>\n<\/div>\n<\/div>\n
\n
\n
traders in the US and by the way one of<\/div>\n<\/div>\n<\/div>\n
\n
\n
the most polite traders you’ll ever meet<\/div>\n<\/div>\n<\/div>\n
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\n
what does that mean for you if you’re<\/div>\n<\/div>\n<\/div>\n
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\n
trading you’re the wrong niche you’re<\/div>\n<\/div>\n<\/div>\n
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\n
not trading a niche that’s best for you<\/div>\n<\/div>\n<\/div>\n
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\n
what do you think that means for you<\/div>\n<\/div>\n<\/div>\n
\n
\n
look what it means for him the good fail<\/div>\n<\/div>\n<\/div>\n
\n
\n
and look I think this is important in<\/div>\n<\/div>\n<\/div>\n
\n
\n
your journey to be a consistently<\/div>\n<\/div>\n<\/div>\n
\n
\n
profitable trader it’s not just gonna be<\/div>\n<\/div>\n<\/div>\n
\n
\n
all winds and smelling the roses shark<\/div>\n<\/div>\n<\/div>\n
\n
\n
at one point before becoming a green<\/div>\n<\/div>\n<\/div>\n
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\n
shirt trader lost three hundred fifty<\/div>\n<\/div>\n<\/div>\n
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\n
thousand plus dollars and one<\/div>\n<\/div>\n<\/div>\n
\n
\n
after-hours trading KBI oh okay<\/div>\n<\/div>\n<\/div>\n
\n
\n
he remembers that as three hundred fifty<\/div>\n<\/div>\n<\/div>\n
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thousand dollars I remember it is four<\/div>\n<\/div>\n<\/div>\n
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hundred thousand dollars will let him<\/div>\n<\/div>\n<\/div>\n
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well we’ll go with his results and you<\/div>\n<\/div>\n<\/div>\n
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know that’s that’s that’s an opportunity<\/div>\n<\/div>\n<\/div>\n
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to get better but that’s a big hit and<\/div>\n<\/div>\n<\/div>\n
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so that’s going to happen and a great<\/div>\n<\/div>\n<\/div>\n
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lesson<\/div>\n<\/div>\n<\/div>\n
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that I could teach to you guys relates<\/div>\n<\/div>\n<\/div>\n
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to me working out and so I go to the gym<\/div>\n<\/div>\n<\/div>\n
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twice a week I used to before the<\/div>\n<\/div>\n<\/div>\n
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coronavirus fears but I would go twice a<\/div>\n<\/div>\n<\/div>\n
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week to the gym after work and work out<\/div>\n<\/div>\n<\/div>\n
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with my trainer and we do a lot of<\/div>\n<\/div>\n<\/div>\n
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deadlifts I sit a lot he wants me to be<\/div>\n<\/div>\n<\/div>\n
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flexible and strong in my hips and so we<\/div>\n<\/div>\n<\/div>\n
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do a lot of tons and tons of deadlifts<\/div>\n<\/div>\n<\/div>\n
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and I’d never done a deadlift before<\/div>\n<\/div>\n<\/div>\n
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working out with my trainer ever I’ve<\/div>\n<\/div>\n<\/div>\n
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never done one I’ve been a former<\/div>\n<\/div>\n<\/div>\n
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athlete had no idea how to do on it so I<\/div>\n<\/div>\n<\/div>\n
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had to learn from scratch and I love<\/div>\n<\/div>\n<\/div>\n
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learning things and adding stuff to my<\/div>\n<\/div>\n<\/div>\n
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repertoire and so I had to learn proper<\/div>\n<\/div>\n<\/div>\n
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form I had to learn how to get over the<\/div>\n<\/div>\n<\/div>\n
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bar hold the bar get in the right<\/div>\n<\/div>\n<\/div>\n
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position do it the right way so that I<\/div>\n<\/div>\n<\/div>\n
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could be able to one day lift heavy<\/div>\n<\/div>\n<\/div>\n
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weights and so I was uncomfortable at<\/div>\n<\/div>\n<\/div>\n
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the beginning getting over the bar the<\/div>\n<\/div>\n<\/div>\n
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right way and getting in the right<\/div>\n<\/div>\n<\/div>\n
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position and yeah but but but slowly I<\/div>\n<\/div>\n<\/div>\n
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started learning slowly my form started<\/div>\n<\/div>\n<\/div>\n
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getting better and I would add weight<\/div>\n<\/div>\n<\/div>\n
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trainer would add weight felt good about<\/div>\n<\/div>\n<\/div>\n
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myself kept increasing the weight kept<\/div>\n<\/div>\n<\/div>\n
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getting better until at one point I had<\/div>\n<\/div>\n<\/div>\n
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a ceiling I just couldn’t get past this<\/div>\n<\/div>\n<\/div>\n
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one particular barrier and so you know I<\/div>\n<\/div>\n<\/div>\n
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I said to myself let me let me sort of<\/div>\n<\/div>\n<\/div>\n
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think about this and I trainer and I the<\/div>\n<\/div>\n<\/div>\n
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way that we work after every lift we<\/div>\n<\/div>\n<\/div>\n
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talk about each left and so I do the<\/div>\n<\/div>\n<\/div>\n
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left and he’ll give me some feedback<\/div>\n<\/div>\n<\/div>\n
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I’ll give him some feedback were like a<\/div>\n<\/div>\n<\/div>\n
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golfer and a caddie working with each<\/div>\n<\/div>\n<\/div>\n
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other and you know so I really had in my<\/div>\n<\/div>\n<\/div>\n
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head I gotta figure out how to get<\/div>\n<\/div>\n<\/div>\n
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through this one particular weight and<\/div>\n<\/div>\n<\/div>\n
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my trainer and I came up with a plan and<\/div>\n<\/div>\n<\/div>\n
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we said look<\/div>\n<\/div>\n<\/div>\n
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get over the bar get in apposition get<\/div>\n<\/div>\n<\/div>\n
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in a safe position and pull as hard as<\/div>\n<\/div>\n<\/div>\n
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you can and if it comes up it comes up<\/div>\n<\/div>\n<\/div>\n
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and so I’m like all right and I kept<\/div>\n<\/div>\n<\/div>\n
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working on my firm my form building my<\/div>\n<\/div>\n<\/div>\n
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confidence so one day I really think I’m<\/div>\n<\/div>\n<\/div>\n
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gonna do it I get over the bar you know<\/div>\n<\/div>\n<\/div>\n
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we’re at my max weight get in a safe<\/div>\n<\/div>\n<\/div>\n
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position and I pull and I pull I pull<\/div>\n<\/div>\n<\/div>\n
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with all my might and get it off the<\/div>\n<\/div>\n<\/div>\n
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floor a little bit and I’m pulling it up<\/div>\n<\/div>\n<\/div>\n
\n
\n
I drop it to the floor it was just too<\/div>\n<\/div>\n<\/div>\n
\n
\n
heavy my trainers looking at me waiting<\/div>\n<\/div>\n<\/div>\n
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\n
for me to give my feedback I’m<\/div>\n<\/div>\n<\/div>\n
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\n
collecting my thoughts I looked at him<\/div>\n<\/div>\n<\/div>\n
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\n
and I said that was a good fail that Sal<\/div>\n<\/div>\n<\/div>\n
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gave me the confidence<\/div>\n<\/div>\n<\/div>\n
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that I knew was going to help me to<\/div>\n<\/div>\n<\/div>\n
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\n
break through this barrier because when<\/div>\n<\/div>\n<\/div>\n
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I dropped that way to the floor nothing<\/div>\n<\/div>\n<\/div>\n
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\n
hurt<\/div>\n<\/div>\n<\/div>\n
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\n
my back didn’t hurt my knees didn’t hurt<\/div>\n<\/div>\n<\/div>\n
\n
\n
I was safe I was at full exertion and<\/div>\n<\/div>\n<\/div>\n
\n
\n
nothing bad happened and I relate this<\/div>\n<\/div>\n<\/div>\n
\n
\n
to having a strong foundation being a<\/div>\n<\/div>\n<\/div>\n
\n
\n
good risk\/reward trader and pushing your<\/div>\n<\/div>\n<\/div>\n
\n
\n
size when you can get to the point where<\/div>\n<\/div>\n<\/div>\n
\n
\n
you see a trade you really love you know<\/div>\n<\/div>\n<\/div>\n
\n
\n
what’s one of your a plus setups and you<\/div>\n<\/div>\n<\/div>\n
\n
\n
put on your max risk for it the the risk<\/div>\n<\/div>\n<\/div>\n
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that you know that you can you can take<\/div>\n<\/div>\n<\/div>\n
\n
\n
on a particular trade which should be a<\/div>\n<\/div>\n<\/div>\n
\n
\n
percentage of your overall bank so if<\/div>\n<\/div>\n<\/div>\n
\n
\n
you’re a swing trader you never really<\/div>\n<\/div>\n<\/div>\n
\n
\n
want to lose two to five percent more<\/div>\n<\/div>\n<\/div>\n
\n
\n
than two to five percent of your bank of<\/div>\n<\/div>\n<\/div>\n
\n
\n
your buying power of the money you’ve<\/div>\n<\/div>\n<\/div>\n
\n
\n
got up at a firm or your trading<\/div>\n<\/div>\n<\/div>\n
\n
\n
personally if you’re an intraday trader<\/div>\n<\/div>\n<\/div>\n
\n
\n
you always have a intraday stop-loss so<\/div>\n<\/div>\n<\/div>\n
\n
\n
let’s say I’m not going to lose more<\/div>\n<\/div>\n<\/div>\n
\n
\n
than $5,000 I’m let’s say I’m not gonna<\/div>\n<\/div>\n<\/div>\n
\n
\n
lose more than $1,000 in a particular<\/div>\n<\/div>\n<\/div>\n
\n
\n
trade if you find one your A+ trades you<\/div>\n<\/div>\n<\/div>\n
\n
\n
might say I’m gonna risk 50% of that<\/div>\n<\/div>\n<\/div>\n
\n
\n
thousand dollars on an A+ trade and you<\/div>\n<\/div>\n<\/div>\n
\n
\n
put on the risk and if that trade<\/div>\n<\/div>\n<\/div>\n
\n
\n
doesn’t work out you’ve only lost 500<\/div>\n<\/div>\n<\/div>\n
\n
\n
bucks your accounts fine no worries<\/div>\n<\/div>\n<\/div>\n
\n
\n
okay you can still go from there that’s<\/div>\n<\/div>\n<\/div>\n
\n
\n
an important thing and and so you know<\/div>\n<\/div>\n<\/div>\n
\n
\n
fast-forward a little bit a couple weeks<\/div>\n<\/div>\n<\/div>\n
\n
\n
later kept working at it forms getting<\/div>\n<\/div>\n<\/div>\n
\n
\n
better got over that bar got in a safe<\/div>\n<\/div>\n<\/div>\n
\n
\n
position and I pulled and I pulled and I<\/div>\n<\/div>\n<\/div>\n
\n
\n
pulled and I got that wait up I<\/div>\n<\/div>\n<\/div>\n
\n
\n
succeeded getting that lift I broke that<\/div>\n<\/div>\n<\/div>\n
\n
\n
barrier I dropped the way to the ground<\/div>\n<\/div>\n<\/div>\n
\n
\n
I gave my trainer a fist bump<\/div>\n<\/div>\n<\/div>\n
\n
\n
this was of course before social<\/div>\n<\/div>\n<\/div>\n
\n
\n
distancing where we could actually do<\/div>\n<\/div>\n<\/div>\n
\n
\n
fist bumps and give each other<\/div>\n<\/div>\n<\/div>\n
\n
\n
high-fives got a drink of water came<\/div>\n<\/div>\n<\/div>\n
\n
\n
back and my trainer of course is waiting<\/div>\n<\/div>\n<\/div>\n
\n
\n
for me doing what he should be doing as<\/div>\n<\/div>\n<\/div>\n
\n
\n
a trainer which is asking the question<\/div>\n<\/div>\n<\/div>\n
\n
\n
heavier you got more I looked at him and<\/div>\n<\/div>\n<\/div>\n
\n
\n
I said I do and we put more weight on<\/div>\n<\/div>\n<\/div>\n
\n
\n
the bar<\/div>\n<\/div>\n<\/div>\n
\n
\n
I got in a safe position I got over the<\/div>\n<\/div>\n<\/div>\n
\n
\n
bar I pulled I pulled and I pulled with<\/div>\n<\/div>\n<\/div>\n
\n
\n
everything I had and the veins in my<\/div>\n<\/div>\n<\/div>\n
\n
\n
neck were popping out and I got that<\/div>\n<\/div>\n<\/div>\n
\n
\n
weight up again for a second personal<\/div>\n<\/div>\n<\/div>\n
\n
\n
best in one session dropped the way to<\/div>\n<\/div>\n<\/div>\n
\n
\n
the floor gave my trainer a fist bump<\/div>\n<\/div>\n<\/div>\n
\n
\n
and and had a new record but that’s what<\/div>\n<\/div>\n<\/div>\n
\n
\n
you can do when you have good form in<\/div>\n<\/div>\n<\/div>\n
\n
\n
place and you want to size up as you can<\/div>\n<\/div>\n<\/div>\n
\n
\n
exert yourself as long as you have your<\/div>\n<\/div>\n<\/div>\n
\n
\n
risk guidelines in place you can fail<\/div>\n<\/div>\n<\/div>\n
\n
\n
but then from there take it further and<\/div>\n<\/div>\n<\/div>\n
\n
\n
get to that next step in your trading<\/div>\n<\/div>\n<\/div>\n
\n
\n
because you know nothing really Bad’s<\/div>\n<\/div>\n<\/div>\n
\n
\n
gonna happen you can put on your max<\/div>\n<\/div>\n<\/div>\n
\n
\n
risk in a position thousand dollars of<\/div>\n<\/div>\n<\/div>\n
\n
\n
intraday risk I’m gonna give at $500<\/div>\n<\/div>\n<\/div>\n
\n
\n
worth of risk I’m gonna put on $500<\/div>\n<\/div>\n<\/div>\n
\n
\n
there’s a risk I lose fine if you keep<\/div>\n<\/div>\n<\/div>\n
\n
\n
doing that over and over and over again<\/div>\n<\/div>\n<\/div>\n
\n
\n
inevitably you’re gonna have that trade<\/div>\n<\/div>\n<\/div>\n
\n
\n
where you make more than you ever did<\/div>\n<\/div>\n<\/div>\n
\n
\n
you’re gonna make $3,000 that’s gonna be<\/div>\n<\/div>\n<\/div>\n
\n
\n
the new high for you with your trading<\/div>\n<\/div>\n<\/div>\n
\n
\n
that’s gonna push you to see yourself as<\/div>\n<\/div>\n<\/div>\n
\n
\n
a different trader and be at a different<\/div>\n<\/div>\n<\/div>\n
\n
\n
pedestal overall in your career so one<\/div>\n<\/div>\n<\/div>\n
\n
\n
of the things that I see that’s very<\/div>\n<\/div>\n<\/div>\n
\n
\n
different between professional traders<\/div>\n<\/div>\n<\/div>\n
\n
\n
and retail traders and independent<\/div>\n<\/div>\n<\/div>\n
\n
\n
traders is I call it just I call it just<\/div>\n<\/div>\n<\/div>\n
\n
\n
just just you need real edge in trading<\/div>\n<\/div>\n<\/div>\n
\n
\n
and you can’t just have 20 habits do<\/div>\n<\/div>\n<\/div>\n
\n
\n
them every day and without real edge<\/div>\n<\/div>\n<\/div>\n
\n
\n
think that you know you’re gonna make a<\/div>\n<\/div>\n<\/div>\n
\n
\n
lot of money you need real edge what I<\/div>\n<\/div>\n<\/div>\n
\n
\n
see with retail in the penetrators is<\/div>\n<\/div>\n<\/div>\n
\n
\n
they just make a technical trade or they<\/div>\n<\/div>\n<\/div>\n
\n
\n
just make a fundamental trade or they<\/div>\n<\/div>\n<\/div>\n
\n
\n
just they<\/div>\n<\/div>\n<\/div>\n
\n
\n
look for a setup okay<\/div>\n<\/div>\n<\/div>\n
\n
\n
well professional traders do is they put<\/div>\n<\/div>\n<\/div>\n
\n
\n
a bunch of variables together all right<\/div>\n<\/div>\n<\/div>\n
\n
\n
and that helps them to make really good<\/div>\n<\/div>\n<\/div>\n
\n
\n
trades how do I build a consistent<\/div>\n<\/div>\n<\/div>\n
\n
\n
trading business you want things to be<\/div>\n<\/div>\n<\/div>\n
\n
\n
scalable repeatable identifiable you<\/div>\n<\/div>\n<\/div>\n
\n
\n
wanna be able to control your risk put<\/div>\n<\/div>\n<\/div>\n
\n
\n
on substantial size put on real risk you<\/div>\n<\/div>\n<\/div>\n
\n
\n
want to save your risk for a plus trades<\/div>\n<\/div>\n<\/div>\n
\n
\n
let me show you a playbook example<\/div>\n<\/div>\n<\/div>\n
\n
\n
you’ll learn actually how to make a<\/div>\n<\/div>\n<\/div>\n
\n
\n
playbook trade by me work working<\/div>\n<\/div>\n<\/div>\n
\n
\n
through this example but the key is<\/div>\n<\/div>\n<\/div>\n
\n
\n
notice how we put multiple variables<\/div>\n<\/div>\n<\/div>\n
\n
\n
together to make a professional trade<\/div>\n<\/div>\n<\/div>\n
\n
\n
this is the difference between what<\/div>\n<\/div>\n<\/div>\n
\n
\n
retail and independent traders do<\/div>\n<\/div>\n<\/div>\n
\n
\n
deletes their underperformance or the<\/div>\n<\/div>\n<\/div>\n
\n
\n
gap in performance between them and a<\/div>\n<\/div>\n<\/div>\n
\n
\n
professional trader and what pros do so<\/div>\n<\/div>\n<\/div>\n
\n
\n
let’s talk about the playbook playbook<\/div>\n<\/div>\n<\/div>\n
\n
\n
is comprised of the big picture a news<\/div>\n<\/div>\n<\/div>\n
\n
\n
catalyst longer term technical short<\/div>\n<\/div>\n<\/div>\n
\n
\n
term technicals reading the tape<\/div>\n<\/div>\n<\/div>\n
\n
\n
intuition intuition we’re putting<\/div>\n<\/div>\n<\/div>\n
\n
\n
together multiple variables to make an<\/div>\n<\/div>\n<\/div>\n
\n
\n
a-plus trade we’re not just making a<\/div>\n<\/div>\n<\/div>\n
\n
\n
technical trade the bigger picture for<\/div>\n<\/div>\n<\/div>\n
\n
\n
this particular trade SP is at the top<\/div>\n<\/div>\n<\/div>\n
\n
\n
of its range following both European and<\/div>\n<\/div>\n<\/div>\n
\n
\n
Asian markets to the upside and<\/div>\n<\/div>\n<\/div>\n
\n
\n
extending the strong gains from Friday<\/div>\n<\/div>\n<\/div>\n
\n
\n
amid positive comments from President<\/div>\n<\/div>\n<\/div>\n
\n
\n
Trump and other officials on trade talks<\/div>\n<\/div>\n<\/div>\n
\n
\n
along with a move by China on this<\/div>\n<\/div>\n<\/div>\n
\n
\n
particular day over the weekend to lower<\/div>\n<\/div>\n<\/div>\n
\n
\n
borrowing costs for companies and also<\/div>\n<\/div>\n<\/div>\n
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\n
reports the Germany they’d also be<\/div>\n<\/div>\n<\/div>\n
\n
\n
considering a stimulus measures<\/div>\n<\/div>\n<\/div>\n
\n
\n
president Trump played down recession<\/div>\n<\/div>\n<\/div>\n
\n
\n
over the weekend while his top economic<\/div>\n<\/div>\n<\/div>\n
\n
\n
adviser Larry Kudlow predicted a strong<\/div>\n<\/div>\n<\/div>\n
\n
\n
second half performance for the US so<\/div>\n<\/div>\n<\/div>\n
\n
\n
that’s our big picture what’s the<\/div>\n<\/div>\n<\/div>\n
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\n
overall market doing where our<\/div>\n<\/div>\n<\/div>\n
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\n
resistance and support levels in the<\/div>\n<\/div>\n<\/div>\n
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\n
overall market we are in a strong up<\/div>\n<\/div>\n<\/div>\n
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trending<\/div>\n<\/div>\n<\/div>\n
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market where what kind of market are we<\/div>\n<\/div>\n<\/div>\n
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\n
in overall the bigger picture for weebo<\/div>\n<\/div>\n<\/div>\n
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\n
stock symbol WB it’s beaten down on the<\/div>\n<\/div>\n<\/div>\n
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\n
daily chart it’s consolidating a<\/div>\n<\/div>\n<\/div>\n
\n
\n
three-year lows before today’s earnings<\/div>\n<\/div>\n<\/div>\n
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\n
report so we’ve got a stock that’s sold<\/div>\n<\/div>\n<\/div>\n
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\n
off from the high 70s all the way into<\/div>\n<\/div>\n<\/div>\n
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the 30s where has this stock come from<\/div>\n<\/div>\n<\/div>\n
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prior to that it was a hundred and forty<\/div>\n<\/div>\n<\/div>\n
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\n
dollar stocks will come off a ton<\/div>\n<\/div>\n<\/div>\n
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\n
intraday fundamentals we Bo’s a Chinese<\/div>\n<\/div>\n<\/div>\n
\n
\n
micro blogging website it’s one of the<\/div>\n<\/div>\n<\/div>\n
\n
\n
biggest social media platforms in China<\/div>\n<\/div>\n<\/div>\n
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\n
Weibo reports earnings of 68 cents per<\/div>\n<\/div>\n<\/div>\n
\n
\n
share on revenue of about a half a<\/div>\n<\/div>\n<\/div>\n
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\n
billion dollars for q3 Weibo estimates<\/div>\n<\/div>\n<\/div>\n
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\n
revenue to increase six to nine percent<\/div>\n<\/div>\n<\/div>\n
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\n
that’s above Wall Street estimates of a<\/div>\n<\/div>\n<\/div>\n
\n
\n
five percent increase to four hundred<\/div>\n<\/div>\n<\/div>\n
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\n
eighty five million here’s the key<\/div>\n<\/div>\n<\/div>\n
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\n
monthly active users were four hundred<\/div>\n<\/div>\n<\/div>\n
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\n
eighty six million in June 2019 a net<\/div>\n<\/div>\n<\/div>\n
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\n
addition of approximately 55 million<\/div>\n<\/div>\n<\/div>\n
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users year of a year what that means is<\/div>\n<\/div>\n<\/div>\n
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the product that they sell is in higher<\/div>\n<\/div>\n<\/div>\n
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demand<\/div>\n<\/div>\n<\/div>\n
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what they sell is more attractive to the<\/div>\n<\/div>\n<\/div>\n
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marketplace the street loves this<\/div>\n<\/div>\n<\/div>\n
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the street loves when a company makes a<\/div>\n<\/div>\n<\/div>\n
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product that people are using more and<\/div>\n<\/div>\n<\/div>\n
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there’s more demand for volume 7.35<\/div>\n<\/div>\n<\/div>\n
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\n
million<\/div>\n<\/div>\n<\/div>\n
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\n
arvo 5.5 that’s relative volume go to<\/div>\n<\/div>\n<\/div>\n
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\n
our YouTube channel SME capital to learn<\/div>\n<\/div>\n<\/div>\n
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\n
more about how we use our bow ATR 1.6<\/div>\n<\/div>\n<\/div>\n
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short interest really high 66.7%<\/div>\n<\/div>\n<\/div>\n
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that means there’s gonna be lots of<\/div>\n<\/div>\n<\/div>\n
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natural buyers as shorts may need to<\/div>\n<\/div>\n<\/div>\n
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cover because we now have this really<\/div>\n<\/div>\n<\/div>\n
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positive news catalyst behind this<\/div>\n<\/div>\n<\/div>\n
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particular name their monthly active<\/div>\n<\/div>\n<\/div>\n
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users are up a ton their business is<\/div>\n<\/div>\n<\/div>\n
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doing a lot better than the street<\/div>\n<\/div>\n<\/div>\n
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expected and that they’ve been doing<\/div>\n<\/div>\n<\/div>\n
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prior this is a really positive news<\/div>\n<\/div>\n<\/div>\n
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catalyst are the float at 17 million<\/div>\n<\/div>\n<\/div>\n
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want to know the details that go into<\/div>\n<\/div>\n<\/div>\n
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what is important to make a trade<\/div>\n<\/div>\n<\/div>\n
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decision alright we both pre market two<\/div>\n<\/div>\n<\/div>\n
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\n
minute chart we’ve got a nice level here<\/div>\n<\/div>\n<\/div>\n
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at forty fifty as these pre market highs<\/div>\n<\/div>\n<\/div>\n
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and a little resistance right there<\/div>\n<\/div>\n<\/div>\n
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we’re going to note that level as<\/div>\n<\/div>\n<\/div>\n
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whether or not it’s above there or below<\/div>\n<\/div>\n<\/div>\n
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there or thinking about trading it and<\/div>\n<\/div>\n<\/div>\n
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then our trade management<\/div>\n<\/div>\n<\/div>\n
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alright Tier one we’re long tier 1 when<\/div>\n<\/div>\n<\/div>\n
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we bow makes a higher low and reclaims<\/div>\n<\/div>\n<\/div>\n
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view up after making a 180 our move to<\/div>\n<\/div>\n<\/div>\n
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the upside and testing pre market highs<\/div>\n<\/div>\n<\/div>\n
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so we’re gonna risk half to the Wicklow<\/div>\n<\/div>\n<\/div>\n
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and low of day<\/div>\n<\/div>\n<\/div>\n
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okay so we’re Tier one tier two long<\/div>\n<\/div>\n<\/div>\n
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tier two after WB we bow test the pre<\/div>\n<\/div>\n<\/div>\n
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market and holds view up a third time<\/div>\n<\/div>\n<\/div>\n
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risk previous higher low we can now see<\/div>\n<\/div>\n<\/div>\n
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the wedge forming on multiple timeframes<\/div>\n<\/div>\n<\/div>\n
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trade management Tier three the wedge<\/div>\n<\/div>\n<\/div>\n
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breaks to the upside holds the<\/div>\n<\/div>\n<\/div>\n
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pre-market high and consolidates so<\/div>\n<\/div>\n<\/div>\n
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we’re going to add Tier three risking to<\/div>\n<\/div>\n<\/div>\n
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Viwa<\/div>\n<\/div>\n<\/div>\n
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all right Tier four we bow breaks above<\/div>\n<\/div>\n<\/div>\n
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the high the day the 41 higher timeframe<\/div>\n<\/div>\n<\/div>\n
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technical level and holds and your final<\/div>\n<\/div>\n<\/div>\n
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lot you’re now in a position of strength<\/div>\n<\/div>\n<\/div>\n
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and have a good average so we’re adding<\/div>\n<\/div>\n<\/div>\n
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as this trade is working for us the<\/div>\n<\/div>\n<\/div>\n
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price action is working together we<\/div>\n<\/div>\n<\/div>\n
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really like to use view op we like to<\/div>\n<\/div>\n<\/div>\n
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buy stocks that are above you up<\/div>\n<\/div>\n<\/div>\n
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you don’t like to risk a lot when stocks<\/div>\n<\/div>\n<\/div>\n
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or below view up again remember our<\/div>\n<\/div>\n<\/div>\n
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Ville is pretty high in this as well<\/div>\n<\/div>\n<\/div>\n
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indicating the stock is really in play<\/div>\n<\/div>\n<\/div>\n
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when when when I when a stock is holding<\/div>\n<\/div>\n<\/div>\n
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consistently above you up it means big<\/div>\n<\/div>\n<\/div>\n
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money managers really want to buy the<\/div>\n<\/div>\n<\/div>\n
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stock great indicator for you guys to<\/div>\n<\/div>\n<\/div>\n
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use all right multiple time frame wedge<\/div>\n<\/div>\n<\/div>\n
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one minute 5 minute 15 minute all in a<\/div>\n<\/div>\n<\/div>\n
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really tight consolidation wedge this is<\/div>\n<\/div>\n<\/div>\n
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\n
one of the best technical patterns that<\/div>\n<\/div>\n<\/div>\n
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we can teach you for active trading why<\/div>\n<\/div>\n<\/div>\n
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do we want to look at multiple time<\/div>\n<\/div>\n<\/div>\n
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frames because lots of different traders<\/div>\n<\/div>\n<\/div>\n
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look at multiple time frames some<\/div>\n<\/div>\n<\/div>\n
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traders like to look at one minute some<\/div>\n<\/div>\n<\/div>\n
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traders like to look at 5 minutes some<\/div>\n<\/div>\n<\/div>\n
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traders like to look at 15 minutes when<\/div>\n<\/div>\n<\/div>\n
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the wedge is breaking above people are<\/div>\n<\/div>\n<\/div>\n
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looking at 1 minute and traders who are<\/div>\n<\/div>\n<\/div>\n
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looking at 5 minute and traders are<\/div>\n<\/div>\n<\/div>\n
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looking at 15 minutes that means you’ve<\/div>\n<\/div>\n<\/div>\n
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got three distinct segments of the<\/div>\n<\/div>\n<\/div>\n
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population who used technicals who are<\/div>\n<\/div>\n<\/div>\n
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all seeing a buy signal it means more<\/div>\n<\/div>\n<\/div>\n
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\n
players are jumping in on the long side<\/div>\n<\/div>\n<\/div>\n
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\n
as this is breaking out of a wedge trade<\/div>\n<\/div>\n<\/div>\n
\n
\n
management part – all right so how are<\/div>\n<\/div>\n<\/div>\n
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we going to get out of our winning<\/div>\n<\/div>\n<\/div>\n
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position the stock the stock fails from<\/div>\n<\/div>\n<\/div>\n
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\n
42 and retests so tier 1 into 42 so we<\/div>\n<\/div>\n<\/div>\n
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can’t really get above it a couple of<\/div>\n<\/div>\n<\/div>\n
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different times so we’re gonna lighten<\/div>\n<\/div>\n<\/div>\n
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up a little bit all right<\/div>\n<\/div>\n<\/div>\n
\n
\n
WB fails into 40 to 50 that makes a<\/div>\n<\/div>\n<\/div>\n
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\n
lower high so we’re gonna sell tier two<\/div>\n<\/div>\n<\/div>\n
\n
\n
sidenote now that we have confirmation<\/div>\n<\/div>\n<\/div>\n
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\n
or traders working we should adjust our<\/div>\n<\/div>\n<\/div>\n
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\n
stops I set my stops for one half below<\/div>\n<\/div>\n<\/div>\n
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\n
view up and one half at 41 which is our<\/div>\n<\/div>\n<\/div>\n
\n
\n
support technical level and then WB<\/div>\n<\/div>\n<\/div>\n
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\n
fails to get over 90 cents and tests 43<\/div>\n<\/div>\n<\/div>\n
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\n
so we’re gonna sell tier 3 and hold the<\/div>\n<\/div>\n<\/div>\n
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remainder to the clothes for momentum<\/div>\n<\/div>\n<\/div>\n
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trade you could also hold the remaining<\/div>\n<\/div>\n<\/div>\n
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shares for a two-day continuation swing<\/div>\n<\/div>\n<\/div>\n
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\n
trade all right so we’re using our<\/div>\n<\/div>\n<\/div>\n
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\n
reasons to exit in this particular time<\/div>\n<\/div>\n<\/div>\n
\n
\n
period now notice there were variables<\/div>\n<\/div>\n<\/div>\n
\n
\n
in our favour we had a beaten-down stock<\/div>\n<\/div>\n<\/div>\n
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\n
news catalyst hi shorty interest<\/div>\n<\/div>\n<\/div>\n
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\n
elevated arbol holding above view op<\/div>\n<\/div>\n<\/div>\n
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\n
consolidating above booyah<\/div>\n<\/div>\n<\/div>\n
\n
\n
breaks out of a bullish web pattern high<\/div>\n<\/div>\n<\/div>\n
\n
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a day’s news catalyst we’re not just<\/div>\n<\/div>\n<\/div>\n
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making a technical trade we’re not just<\/div>\n<\/div>\n<\/div>\n
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making a fundamental trade we’re putting<\/div>\n<\/div>\n<\/div>\n
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variables together to make a<\/div>\n<\/div>\n<\/div>\n
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professional trade that’s how we get<\/div>\n<\/div>\n<\/div>\n
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these outsized risk reward traits<\/div>\n<\/div>\n<\/div>\n
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putting multiple variables together to<\/div>\n<\/div>\n<\/div>\n
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make an a-plus trade so elite active<\/div>\n<\/div>\n<\/div>\n
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traders trade out their best when so I<\/div>\n<\/div>\n<\/div>\n
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have the advantage of coaching really<\/div>\n<\/div>\n<\/div>\n
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\n
greatly traders outside of my firm we’ve<\/div>\n<\/div>\n<\/div>\n
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developed a tremendous amount of the<\/div>\n<\/div>\n<\/div>\n
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\n
lead active traders inside of our firm<\/div>\n<\/div>\n<\/div>\n
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we’ve watched them from college all the<\/div>\n<\/div>\n<\/div>\n
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way up to being star traders there are<\/div>\n<\/div>\n<\/div>\n
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commonalities as to when they’re trading<\/div>\n<\/div>\n<\/div>\n
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\n
well and when they’re underperforming<\/div>\n<\/div>\n<\/div>\n
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and believe me elite traders<\/div>\n<\/div>\n<\/div>\n
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underperform at times and they need<\/div>\n<\/div>\n<\/div>\n
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coaching and mentoring to get back on<\/div>\n<\/div>\n<\/div>\n
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track and if they do you should expect<\/div>\n<\/div>\n<\/div>\n
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out of yourself to the commonalities<\/div>\n<\/div>\n<\/div>\n
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when they’re trading at their best is<\/div>\n<\/div>\n<\/div>\n
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when they develop a thesis but they<\/div>\n<\/div>\n<\/div>\n
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don’t just trade the thesis they also<\/div>\n<\/div>\n<\/div>\n
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look for a setup in their playbook and<\/div>\n<\/div>\n<\/div>\n
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they see it and they fight for price<\/div>\n<\/div>\n<\/div>\n
\n
\n
that equals one good trade so they find<\/div>\n<\/div>\n<\/div>\n
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\n
a set up in their playbook we talked<\/div>\n<\/div>\n<\/div>\n
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about niche they’re searching for<\/div>\n<\/div>\n<\/div>\n
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setups that are part of their niche what<\/div>\n<\/div>\n<\/div>\n
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makes them great they spot that they see<\/div>\n<\/div>\n<\/div>\n
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it there’s confirmation from the price<\/div>\n<\/div>\n<\/div>\n
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action and the volume that their thesis<\/div>\n<\/div>\n<\/div>\n
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\n
is correct it’s being confirmed by other<\/div>\n<\/div>\n<\/div>\n
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market participants they fight for price<\/div>\n<\/div>\n<\/div>\n
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\n
if the entry is thirty they’re getting<\/div>\n<\/div>\n<\/div>\n
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\n
in really really close to 30 they’re not<\/div>\n<\/div>\n<\/div>\n
\n
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sloppy with their execution entries<\/div>\n<\/div>\n<\/div>\n
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because that messes up their whole risk<\/div>\n<\/div>\n<\/div>\n
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\n
reward when they’re doing all four of<\/div>\n<\/div>\n<\/div>\n
\n
\n
those things that’s when they’re making<\/div>\n<\/div>\n<\/div>\n
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\n
good trades that’s when they’re trading<\/div>\n<\/div>\n<\/div>\n
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\n
at their best when they’re not when they<\/div>\n<\/div>\n<\/div>\n
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\n
just trade their thesis I think Tesla’s<\/div>\n<\/div>\n<\/div>\n
\n
\n
should go down they trade really poorly<\/div>\n<\/div>\n<\/div>\n
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I think oil should bounce they trade<\/div>\n<\/div>\n<\/div>\n
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really poorly<\/div>\n<\/div>\n<\/div>\n
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\n
I think this market has no chance to go<\/div>\n<\/div>\n<\/div>\n
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\n
up from the bottom and should break<\/div>\n<\/div>\n<\/div>\n
\n
\n
through new lows on the S&P that’s when<\/div>\n<\/div>\n<\/div>\n
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\n
they traded their worst a game of no<\/div>\n<\/div>\n<\/div>\n
\n
\n
regrets so I want to leave you with a<\/div>\n<\/div>\n<\/div>\n
\n
\n
really great podcast that you all might<\/div>\n<\/div>\n<\/div>\n
\n
\n
check out and it’s a podcast that was<\/div>\n<\/div>\n<\/div>\n
\n
\n
done by Peter T as a doctor in the US<\/div>\n<\/div>\n<\/div>\n
\n
\n
with a colleague of his Rick Elias who’s<\/div>\n<\/div>\n<\/div>\n
\n
\n
an entrepreneur and so Peter had Rick on<\/div>\n<\/div>\n<\/div>\n
\n
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a show and asked him about an experience<\/div>\n<\/div>\n<\/div>\n
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that he had in his life that was<\/div>\n<\/div>\n<\/div>\n
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\n
life-changing<\/div>\n<\/div>\n<\/div>\n
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and so rec was one of the people on a<\/div>\n<\/div>\n<\/div>\n
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very famous us flight and it was a<\/div>\n<\/div>\n<\/div>\n
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flight that took off from New York City<\/div>\n<\/div>\n<\/div>\n
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\n
and was to head to Charlotte that was<\/div>\n<\/div>\n<\/div>\n
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flown by captain Sullenberger and that<\/div>\n<\/div>\n<\/div>\n
\n
\n
landed in the Hudson River and Rick is<\/div>\n<\/div>\n<\/div>\n
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\n
sitting in first class and they take off<\/div>\n<\/div>\n<\/div>\n
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\n
and pretty early into the flight he<\/div>\n<\/div>\n<\/div>\n
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hears this huge sound like an explosion<\/div>\n<\/div>\n<\/div>\n
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and he’s not really sure what it is that<\/div>\n<\/div>\n<\/div>\n
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it just sounds like something exploded<\/div>\n<\/div>\n<\/div>\n
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and he looks<\/div>\n<\/div>\n<\/div>\n
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the stewardess whose diagonal from him<\/div>\n<\/div>\n<\/div>\n
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\n
and that stewardess is perfectly calm<\/div>\n<\/div>\n<\/div>\n
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and so he just figures something<\/div>\n<\/div>\n<\/div>\n
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\n
happened and he feels that the plane<\/div>\n<\/div>\n<\/div>\n
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turning around<\/div>\n<\/div>\n<\/div>\n
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\n
feels like a you know I guess we’re just<\/div>\n<\/div>\n<\/div>\n
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gonna turn around and go back to where<\/div>\n<\/div>\n<\/div>\n
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\n
we took off from no big deal here and<\/div>\n<\/div>\n<\/div>\n
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\n
you know they start to descend a little<\/div>\n<\/div>\n<\/div>\n
\n
\n
bit and start to descend pretty fast and<\/div>\n<\/div>\n<\/div>\n
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it doesn’t feel right and he looks at<\/div>\n<\/div>\n<\/div>\n
\n
\n
the stewardess and the stewardess has<\/div>\n<\/div>\n<\/div>\n
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\n
sheer terror now on her face and at this<\/div>\n<\/div>\n<\/div>\n
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\n
moment he knows and for the next 90<\/div>\n<\/div>\n<\/div>\n
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seconds he knows he’s certain to die and<\/div>\n<\/div>\n<\/div>\n
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what he experiences in those 90 seconds<\/div>\n<\/div>\n<\/div>\n
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is completely different than what he<\/div>\n<\/div>\n<\/div>\n
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thought he would experience well you<\/div>\n<\/div>\n<\/div>\n
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might think you would experience what I<\/div>\n<\/div>\n<\/div>\n
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thought he would experience and teaches<\/div>\n<\/div>\n<\/div>\n
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us a great lesson you would think that<\/div>\n<\/div>\n<\/div>\n
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during those 90 seconds when he was<\/div>\n<\/div>\n<\/div>\n
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certain he was going to die that he<\/div>\n<\/div>\n<\/div>\n
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would be incredibly scared it was asked<\/div>\n<\/div>\n<\/div>\n
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about this and he said that wasn’t<\/div>\n<\/div>\n<\/div>\n
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\n
really what I was thinking about I<\/div>\n<\/div>\n<\/div>\n
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wasn’t really scared he said I was<\/div>\n<\/div>\n<\/div>\n
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profoundly sad I was profoundly sad<\/div>\n<\/div>\n<\/div>\n
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thinking about things that I wanted to<\/div>\n<\/div>\n<\/div>\n
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do that I should have done that I hadn’t<\/div>\n<\/div>\n<\/div>\n
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I was profoundly sad with regret about<\/div>\n<\/div>\n<\/div>\n
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certain things that I had done the plan<\/div>\n<\/div>\n<\/div>\n
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the plane is descending<\/div>\n<\/div>\n<\/div>\n
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\n
and miraculously it lands on top of the<\/div>\n<\/div>\n<\/div>\n
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\n
Hudson River and everybody survives and<\/div>\n<\/div>\n<\/div>\n
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\n
from this experience Rick says that here<\/div>\n<\/div>\n<\/div>\n
\n
\n
in this incredible gift that he earned<\/div>\n<\/div>\n<\/div>\n
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\n
the gift of not really just life but how<\/div>\n<\/div>\n<\/div>\n
\n
\n
important is and how it crystallized to<\/div>\n<\/div>\n<\/div>\n
\n
\n
him that he was playing a game and that<\/div>\n<\/div>\n<\/div>\n
\n
\n
there was a game to play going forward<\/div>\n<\/div>\n<\/div>\n
\n
\n
that was a game of no regrets and so<\/div>\n<\/div>\n<\/div>\n
\n
\n
look if trading is something that you<\/div>\n<\/div>\n<\/div>\n
\n
\n
really want to become good at trading<\/div>\n<\/div>\n<\/div>\n
\n
\n
something that’s important to you it’s<\/div>\n<\/div>\n<\/div>\n
\n
\n
got to be a game of no regrets hey go<\/div>\n<\/div>\n<\/div>\n
\n
\n
ahead and click our subscribe button so<\/div>\n<\/div>\n<\/div>\n
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you don’t miss any of the videos they<\/div>\n<\/div>\n<\/div>\n
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were producing for you in the trading<\/div>\n<\/div>\n<\/div>\n
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community and please take the time to<\/div>\n<\/div>\n<\/div>\n
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add your feedback in the comment section<\/div>\n<\/div>\n<\/div>\n
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for what videos you’d like for us to<\/div>\n<\/div>\n<\/div>\n
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produce next and what you found helpful<\/div>\n<\/div>\n<\/div>\n
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from this video from all of us at SMB<\/div>\n<\/div>\n<\/div>\n
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train and trade well<\/div>\n<\/div>\n<\/div>\n
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\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

\"\"<\/a><\/p>\n

* no relevant positions<\/p>\n","protected":false},"excerpt":{"rendered":"

In this video, learn how to become a consistently profitable trader like you deserve to be. Mike Bellafiore shares in detail the path our traders take to become consistently profitable and then star traders. * no relevant positions<\/p>\n","protected":false},"author":290,"featured_media":49819,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"video","meta":{"footnotes":""},"categories":[4189],"tags":[],"class_list":["post-49818","post","type-post","status-publish","format-video","has-post-thumbnail","hentry","category-free-daily-trading-video","post_format-post-format-video"],"yoast_head":"\nBecoming a Consistently Profitable Trader | SMB Training<\/title>\n<meta name=\"description\" content=\"Discover how to become a consistently profitable trader like you deserve to be and achieve your trading goals.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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