{"id":49834,"date":"2020-05-01T17:38:41","date_gmt":"2020-05-01T21:38:41","guid":{"rendered":"https:\/\/www.smbtraining.com\/blog\/?p=49834"},"modified":"2020-05-01T18:41:35","modified_gmt":"2020-05-01T22:41:35","slug":"ideas-to-spark-real-trading-progress-from-the-prop-desk-an-evening-with-dr-brett-and-bella","status":"publish","type":"post","link":"https:\/\/www.smbtraining.com\/blog\/ideas-to-spark-real-trading-progress-from-the-prop-desk-an-evening-with-dr-brett-and-bella","title":{"rendered":"Ideas to spark real trading progress from the prop desk (an evening with Dr. Brett and Bella)"},"content":{"rendered":"

In this video Dr. Brett Steenbarger and I share, with the trading community at Bear Bull Traders, ideas to spark real trading progress. Dr. Steenbarger and I have front row seats to elite traders thriving in this market and thus what is most important to grow your trading account. Come learn what we have learned from them and trading the markets.<\/p>\nView Video Transcript<\/strong><\/span>

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in this video dr. Brett Steinberger and<\/div>\n<\/div>\n<\/div>\n
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I share with the trading community of<\/div>\n<\/div>\n<\/div>\n
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bearable traders ideas to spark real<\/div>\n<\/div>\n<\/div>\n
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trading progress hi I’m Mike bellifiore<\/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 dr. Steve<\/div>\n<\/div>\n<\/div>\n
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Berger and I have front row seats to Lee<\/div>\n<\/div>\n<\/div>\n
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traders thriving in this market and thus<\/div>\n<\/div>\n<\/div>\n
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what is most important to grow your<\/div>\n<\/div>\n<\/div>\n
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trading account come learn what we’ve<\/div>\n<\/div>\n<\/div>\n
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learned from these traders and trading<\/div>\n<\/div>\n<\/div>\n
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the markets let’s do something dr. Stein<\/div>\n<\/div>\n<\/div>\n
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Barger that we’ve actually never done<\/div>\n<\/div>\n<\/div>\n
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together in a webinar but that we have<\/div>\n<\/div>\n<\/div>\n
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done hundreds of times together at our<\/div>\n<\/div>\n<\/div>\n
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firm the firm that I started SMB Capital<\/div>\n<\/div>\n<\/div>\n
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in New York City and this is a picture<\/div>\n<\/div>\n<\/div>\n
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from our prop firm where we’re all<\/div>\n<\/div>\n<\/div>\n
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together in New York City right now<\/div>\n<\/div>\n<\/div>\n
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we’re actually just like you guys right<\/div>\n<\/div>\n<\/div>\n
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now we are all remote right now we are<\/div>\n<\/div>\n<\/div>\n
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using technology like discord and Skype<\/div>\n<\/div>\n<\/div>\n
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and zoom to keep connected with our<\/div>\n<\/div>\n<\/div>\n
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desks and phones as we handle a very<\/div>\n<\/div>\n<\/div>\n
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difficult time in our nation’s history<\/div>\n<\/div>\n<\/div>\n
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but when we are all together and we are<\/div>\n<\/div>\n<\/div>\n
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in New York City and dr. Steen Barger is<\/div>\n<\/div>\n<\/div>\n
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with us we do something very special<\/div>\n<\/div>\n<\/div>\n
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which is we start our a.m. meeting with<\/div>\n<\/div>\n<\/div>\n
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some words of wisdom from the very best<\/div>\n<\/div>\n<\/div>\n
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trading coach in the country dr. Stein<\/div>\n<\/div>\n<\/div>\n
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Barger who has a very special<\/div>\n<\/div>\n<\/div>\n
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perspective because of his vast rolodex<\/div>\n<\/div>\n<\/div>\n
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and because of the different types of<\/div>\n<\/div>\n<\/div>\n
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people that he coaches and and works<\/div>\n<\/div>\n<\/div>\n
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with around the world SMB is a<\/div>\n<\/div>\n<\/div>\n
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proprietary trading desk we are a very<\/div>\n<\/div>\n<\/div>\n
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special place we have a<\/div>\n<\/div>\n<\/div>\n
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very special firm we have very special<\/div>\n<\/div>\n<\/div>\n
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teams with very talented traders and it<\/div>\n<\/div>\n<\/div>\n
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certainly is a privilege to run SMB and<\/div>\n<\/div>\n<\/div>\n
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to trade at SMB but we are in the active<\/div>\n<\/div>\n<\/div>\n
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trading proprietary trading space and<\/div>\n<\/div>\n<\/div>\n
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dr. Stein Barger swims in much deeper<\/div>\n<\/div>\n<\/div>\n
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and broader waters than we do at SMB<\/div>\n<\/div>\n<\/div>\n
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capital and so I always appreciate the<\/div>\n<\/div>\n<\/div>\n
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traders immensely enjoy when he comes to<\/div>\n<\/div>\n<\/div>\n
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visit with us and work with our traders<\/div>\n<\/div>\n<\/div>\n
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and starts the morning with what he’s<\/div>\n<\/div>\n<\/div>\n
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hearing is significant and importance to<\/div>\n<\/div>\n<\/div>\n
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the big-money traders and the big-money<\/div>\n<\/div>\n<\/div>\n
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firms that’s he’s working with so dr.<\/div>\n<\/div>\n<\/div>\n
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Stein barber for the first time let’s<\/div>\n<\/div>\n<\/div>\n
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let’s mimic how we start a morning<\/div>\n<\/div>\n<\/div>\n
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session that has to be capital with your<\/div>\n<\/div>\n<\/div>\n
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opening remarks okay Mike thank you very<\/div>\n<\/div>\n<\/div>\n
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much thank you for having us today<\/div>\n<\/div>\n<\/div>\n
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Andrew and company so what we’re doing<\/div>\n<\/div>\n<\/div>\n
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right now right here we are going to<\/div>\n<\/div>\n<\/div>\n
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hold this meeting as if you are all you<\/div>\n<\/div>\n<\/div>\n
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attended all of you who are attending<\/div>\n<\/div>\n<\/div>\n
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you’re now part of our prop trading firm<\/div>\n<\/div>\n<\/div>\n
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we are now holding a morning meeting and<\/div>\n<\/div>\n<\/div>\n
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we are preparing you for the trading day<\/div>\n<\/div>\n<\/div>\n
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this is real time what happens what<\/div>\n<\/div>\n<\/div>\n
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would be discussed and way to get some<\/div>\n<\/div>\n<\/div>\n
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more money for that oh okay<\/div>\n<\/div>\n<\/div>\n
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okay good good good good what’s the<\/div>\n<\/div>\n<\/div>\n
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offer and after I present some views<\/div>\n<\/div>\n<\/div>\n
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mike is going to go around the room so<\/div>\n<\/div>\n<\/div>\n
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to speak and see if you have some ideas<\/div>\n<\/div>\n<\/div>\n
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to share which you could type in and<\/div>\n<\/div>\n<\/div>\n
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we’ll go through those so this is<\/div>\n<\/div>\n<\/div>\n
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real-time what it’s like to be at a prop<\/div>\n<\/div>\n<\/div>\n
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firm is that right Mike it is good okay<\/div>\n<\/div>\n<\/div>\n
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here we go so what’s been going on<\/div>\n<\/div>\n<\/div>\n
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in markets a few perspectives I’d like<\/div>\n<\/div>\n<\/div>\n
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to share these are the perspectives I<\/div>\n<\/div>\n<\/div>\n
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normally only share with the<\/div>\n<\/div>\n<\/div>\n
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firmsconsulting quite well like<\/div>\n<\/div>\n<\/div>\n
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technology that benefit from this Kovan<\/div>\n<\/div>\n<\/div>\n
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environment and other sectors performing<\/div>\n<\/div>\n<\/div>\n
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poorly ones that would not benefit from<\/div>\n<\/div>\n<\/div>\n
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the environment small caps were lagging<\/div>\n<\/div>\n<\/div>\n
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financial shares were lagging because of<\/div>\n<\/div>\n<\/div>\n
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concerns about banks and so we had a<\/div>\n<\/div>\n<\/div>\n
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rally but it was a selective rally it’s<\/div>\n<\/div>\n<\/div>\n
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what we call a sector rotational market<\/div>\n<\/div>\n<\/div>\n
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certain sectors were benefitting more<\/div>\n<\/div>\n<\/div>\n
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than others and then recently the trade<\/div>\n<\/div>\n<\/div>\n
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changed we saw the lagging sectors<\/div>\n<\/div>\n<\/div>\n
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catching a bid we saw continued strength<\/div>\n<\/div>\n<\/div>\n
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in some of the strong sectors and you<\/div>\n<\/div>\n<\/div>\n
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saw that with some of the shares that<\/div>\n<\/div>\n<\/div>\n
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reported earnings today and so we got a<\/div>\n<\/div>\n<\/div>\n
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couple days of rally where the breadth<\/div>\n<\/div>\n<\/div>\n
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was extremely strong and I posted on the<\/div>\n<\/div>\n<\/div>\n
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trader feed about this you had a large<\/div>\n<\/div>\n<\/div>\n
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number of stocks advancing in the S&P<\/div>\n<\/div>\n<\/div>\n
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500 index but you also had a large<\/div>\n<\/div>\n<\/div>\n
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number of stocks trading higher<\/div>\n<\/div>\n<\/div>\n
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advancing in the Russell 2000 index and<\/div>\n<\/div>\n<\/div>\n
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I posted charts where you could actually<\/div>\n<\/div>\n<\/div>\n
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follow that now what is that telling you<\/div>\n<\/div>\n<\/div>\n
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if there is broad buying in the S&P 500<\/div>\n<\/div>\n<\/div>\n
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universe and there<\/div>\n<\/div>\n<\/div>\n
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brought by in this small sock universe<\/div>\n<\/div>\n<\/div>\n
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it’s telling you that institutions are<\/div>\n<\/div>\n<\/div>\n
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lifting offers and buying buying buying<\/div>\n<\/div>\n<\/div>\n
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buying they weren’t doing that before<\/div>\n<\/div>\n<\/div>\n
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this is a change this is important I<\/div>\n<\/div>\n<\/div>\n
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mean why would they do that when I’ve<\/div>\n<\/div>\n<\/div>\n
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asked some people they said oh it’s<\/div>\n<\/div>\n<\/div>\n
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because of the Fed the Fed is providing<\/div>\n<\/div>\n<\/div>\n
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so much liquidity the Fed was<\/div>\n<\/div>\n<\/div>\n
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providing liquidity a few weeks ago what<\/div>\n<\/div>\n<\/div>\n
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the portfolio managers I talked to are<\/div>\n<\/div>\n<\/div>\n
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focusing on is that for the first time<\/div>\n<\/div>\n<\/div>\n
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there are some indications that there<\/div>\n<\/div>\n<\/div>\n
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might be some effective treatments for<\/div>\n<\/div>\n<\/div>\n
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this coronavirus and we saw today with<\/div>\n<\/div>\n<\/div>\n
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the news about REM disappear from Gilead<\/div>\n<\/div>\n<\/div>\n
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Sciences and we saw how the market<\/div>\n<\/div>\n<\/div>\n
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rallied when the phase three trials were<\/div>\n<\/div>\n<\/div>\n
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reported to look pretty good<\/div>\n<\/div>\n<\/div>\n
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and we’ve also seen a lot of interest in<\/div>\n<\/div>\n<\/div>\n
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the work on vaccines particularly being<\/div>\n<\/div>\n<\/div>\n
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done at Oxford University which was<\/div>\n<\/div>\n<\/div>\n
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successful with a monkey population and<\/div>\n<\/div>\n<\/div>\n
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now they’re working on human population<\/div>\n<\/div>\n<\/div>\n
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C clinical trials so for the first time<\/div>\n<\/div>\n<\/div>\n
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we have some glimmer of possibility that<\/div>\n<\/div>\n<\/div>\n
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there would be successful treatments if<\/div>\n<\/div>\n<\/div>\n
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you want to learn three-wheel world<\/div>\n<\/div>\n<\/div>\n
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setups that our traders use including<\/div>\n<\/div>\n<\/div>\n
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the simple setup that we teach all of<\/div>\n<\/div>\n<\/div>\n
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our new traders and the set up that<\/div>\n<\/div>\n<\/div>\n
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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 and if there are successful<\/div>\n<\/div>\n<\/div>\n
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treatments and it’s an if not all the<\/div>\n<\/div>\n<\/div>\n
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clinical trials are done this is an F<\/div>\n<\/div>\n<\/div>\n
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but if there are then we no longer see<\/div>\n<\/div>\n<\/div>\n
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strains on the hospital and healthcare<\/div>\n<\/div>\n<\/div>\n
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system it means that it’s safer<\/div>\n<\/div>\n<\/div>\n
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to go outside and return to work it<\/div>\n<\/div>\n<\/div>\n
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means that the economy can return to<\/div>\n<\/div>\n<\/div>\n
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normal quicker means that people’s lives<\/div>\n<\/div>\n<\/div>\n
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can return to normal quicker and all<\/div>\n<\/div>\n<\/div>\n
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these institutions the ones I work with<\/div>\n<\/div>\n<\/div>\n
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all these institutions they have been<\/div>\n<\/div>\n<\/div>\n
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under invested they bailed out they were<\/div>\n<\/div>\n<\/div>\n
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afraid of the environment they were<\/div>\n<\/div>\n<\/div>\n
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under invested and now they are chasing<\/div>\n<\/div>\n<\/div>\n
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now they’re buying buying buying and so<\/div>\n<\/div>\n<\/div>\n
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if you look at the NYC tick statistics<\/div>\n<\/div>\n<\/div>\n
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we see up ticks up ticks up six we see<\/div>\n<\/div>\n<\/div>\n
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advances of the small caps advances on<\/div>\n<\/div>\n<\/div>\n
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the sp500 universe because they have<\/div>\n<\/div>\n<\/div>\n
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been under invested this is an important<\/div>\n<\/div>\n<\/div>\n
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change and we want to factor that into<\/div>\n<\/div>\n<\/div>\n
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our decision making going forward if we<\/div>\n<\/div>\n<\/div>\n
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get locked into our old mindset of all<\/div>\n<\/div>\n<\/div>\n
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we have to retest the lows oh this is a<\/div>\n<\/div>\n<\/div>\n
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bear market the economy is so weak we<\/div>\n<\/div>\n<\/div>\n
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miss what the institutions are really<\/div>\n<\/div>\n<\/div>\n
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thinking and really doing in real time<\/div>\n<\/div>\n<\/div>\n
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now there’s one other thing that one<\/div>\n<\/div>\n<\/div>\n
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other thing that will help people’s<\/div>\n<\/div>\n<\/div>\n
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trading short-term that’s a big-picture<\/div>\n<\/div>\n<\/div>\n
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perspective when you see dramatic buying<\/div>\n<\/div>\n<\/div>\n
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early in the session and not just buying<\/div>\n<\/div>\n<\/div>\n
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in the index like the index is up but<\/div>\n<\/div>\n<\/div>\n
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broad buying across all sectors across<\/div>\n<\/div>\n<\/div>\n
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small caps of our cash when you see<\/div>\n<\/div>\n<\/div>\n
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broad strength early in the session the<\/div>\n<\/div>\n<\/div>\n
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first thought you want to have is this<\/div>\n<\/div>\n<\/div>\n
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could be a trend day we had that happen<\/div>\n<\/div>\n<\/div>\n
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recently and I posted it to the trader<\/div>\n<\/div>\n<\/div>\n
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feed blog and I tweeted it today this is<\/div>\n<\/div>\n<\/div>\n
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setting up as a trend day there’s so<\/div>\n<\/div>\n<\/div>\n
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much strength institutions can’t get<\/div>\n<\/div>\n<\/div>\n
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enough stock because they were under<\/div>\n<\/div>\n<\/div>\n
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invested a trend day means we open near<\/div>\n<\/div>\n<\/div>\n
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the lows and we’re going to close near<\/div>\n<\/div>\n<\/div>\n
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the highs and we can put on positions<\/div>\n<\/div>\n<\/div>\n
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early ride them into the close we can<\/div>\n<\/div>\n<\/div>\n
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trade around it flexibly and<\/div>\n<\/div>\n<\/div>\n
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and know that we’re likely to make<\/div>\n<\/div>\n<\/div>\n
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higher lows what a great opportunity for<\/div>\n<\/div>\n<\/div>\n
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the day trader but you need to be able<\/div>\n<\/div>\n<\/div>\n
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to see what’s going on in the broad<\/div>\n<\/div>\n<\/div>\n
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market to identify that trend day early<\/div>\n<\/div>\n<\/div>\n
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and take advantage of it was that<\/div>\n<\/div>\n<\/div>\n
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coherent Mike yes I’m you know I’ve been<\/div>\n<\/div>\n<\/div>\n
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up since 4:00 in the morning working<\/div>\n<\/div>\n<\/div>\n
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with traders<\/div>\n<\/div>\n<\/div>\n
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here as I can get this is what we talk<\/div>\n<\/div>\n<\/div>\n
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about in a morning meeting this kind of<\/div>\n<\/div>\n<\/div>\n
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stuff<\/div>\n<\/div>\n<\/div>\n
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sharing perspectives that that you might<\/div>\n<\/div>\n<\/div>\n
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not otherwise get I’ll share one more<\/div>\n<\/div>\n<\/div>\n
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perspective can I do that Mike yes<\/div>\n<\/div>\n<\/div>\n
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please<\/div>\n<\/div>\n<\/div>\n
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well I’m on a roll you know I’m on my<\/div>\n<\/div>\n<\/div>\n
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second smokey scotch<\/div>\n<\/div>\n<\/div>\n
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what can I tell you okay so imagine<\/div>\n<\/div>\n<\/div>\n
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looking at you know the RSI is right<\/div>\n<\/div>\n<\/div>\n
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imagine looking at a five-day RSI for a<\/div>\n<\/div>\n<\/div>\n
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stock you know maybe like Amazon so<\/div>\n<\/div>\n<\/div>\n
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you’re looking at the five-day RSI it’s<\/div>\n<\/div>\n<\/div>\n
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an overbought oversold indicator around<\/div>\n<\/div>\n<\/div>\n
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five day basis is telling you if it’s<\/div>\n<\/div>\n<\/div>\n
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stronger week imagine taking the<\/div>\n<\/div>\n<\/div>\n
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five-day RSI for every single SP 500<\/div>\n<\/div>\n<\/div>\n
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stock and then creating an average out<\/div>\n<\/div>\n<\/div>\n
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of that so you have the average five-day<\/div>\n<\/div>\n<\/div>\n
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our side for all 500 SP stocks when that<\/div>\n<\/div>\n<\/div>\n
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number gets high as in the top quartile<\/div>\n<\/div>\n<\/div>\n
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of its readings the odds of being higher<\/div>\n<\/div>\n<\/div>\n
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20 days later are very good when that<\/div>\n<\/div>\n<\/div>\n
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number gets very low and it’s the market<\/div>\n<\/div>\n<\/div>\n
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is broadly oversold the odds of the<\/div>\n<\/div>\n<\/div>\n
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market getting much higher 20 days later<\/div>\n<\/div>\n<\/div>\n
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are very good it’s called momentum when<\/div>\n<\/div>\n<\/div>\n
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we have very strong readings in that<\/div>\n<\/div>\n<\/div>\n
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indicator and it’s called value or mean<\/div>\n<\/div>\n<\/div>\n
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reversion when we have very low values<\/div>\n<\/div>\n<\/div>\n
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in that number broad straight<\/div>\n<\/div>\n<\/div>\n
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or broad weakness creates an upside<\/div>\n<\/div>\n<\/div>\n
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market and we can create indicators that<\/div>\n<\/div>\n<\/div>\n
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capture momentum and value it’s a big<\/div>\n<\/div>\n<\/div>\n
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part of the edge that quant raters use<\/div>\n<\/div>\n<\/div>\n
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at funds and we can duplicate that kind<\/div>\n<\/div>\n<\/div>\n
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of work and I’m happy to share with<\/div>\n<\/div>\n<\/div>\n
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people going forward on my blog what<\/div>\n<\/div>\n<\/div>\n
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will happen next is we’ll go around the<\/div>\n<\/div>\n<\/div>\n
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room and individual traders will start<\/div>\n<\/div>\n<\/div>\n
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to share the one or two ideas they’re<\/div>\n<\/div>\n<\/div>\n
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looking at and so today our biggest<\/div>\n<\/div>\n<\/div>\n
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winner was in capr I’m sure many of you<\/div>\n<\/div>\n<\/div>\n
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traded that today we will be looking at<\/div>\n<\/div>\n<\/div>\n
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that as potential second day play guys<\/div>\n<\/div>\n<\/div>\n
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will inevitably mention that Tesla had<\/div>\n<\/div>\n<\/div>\n
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earnings that they beat on revenues that<\/div>\n<\/div>\n<\/div>\n
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it’s gapping up and we’ll want to trade<\/div>\n<\/div>\n<\/div>\n
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that inevitably traders will want to<\/div>\n<\/div>\n<\/div>\n
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trade Facebook as its gapping up over 9%<\/div>\n<\/div>\n<\/div>\n
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had good earnings during this tough<\/div>\n<\/div>\n<\/div>\n
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economic time but but they continue to<\/div>\n<\/div>\n<\/div>\n
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do well and will run through ideas like<\/div>\n<\/div>\n<\/div>\n
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that inevitably traders will talk about<\/div>\n<\/div>\n<\/div>\n
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when and how during a meeting with the<\/div>\n<\/div>\n<\/div>\n
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White House their CEO mentioned the<\/div>\n<\/div>\n<\/div>\n
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casinos could open by Memorial Day and<\/div>\n<\/div>\n<\/div>\n
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so traders will go around the room Ayano<\/div>\n<\/div>\n<\/div>\n
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is a stock that traders have been<\/div>\n<\/div>\n<\/div>\n
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flagging recently and they’ll give their<\/div>\n<\/div>\n<\/div>\n
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perspective we will say things like the<\/div>\n<\/div>\n<\/div>\n
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market you know that we said this today<\/div>\n<\/div>\n<\/div>\n
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actually you know the market is in a<\/div>\n<\/div>\n<\/div>\n
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regime now where as we get a little bit<\/div>\n<\/div>\n<\/div>\n
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closer to reopening the economy<\/div>\n<\/div>\n<\/div>\n
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in different parts of the country that<\/div>\n<\/div>\n<\/div>\n
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stocks are catching a bit and there is<\/div>\n<\/div>\n<\/div>\n
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going to be more news that comes out as<\/div>\n<\/div>\n<\/div>\n
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we get closer to opening up the economy<\/div>\n<\/div>\n<\/div>\n
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and and what will those steps be<\/div>\n<\/div>\n<\/div>\n
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particularly is New York going to come<\/div>\n<\/div>\n<\/div>\n
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forward with the particular plan how are<\/div>\n<\/div>\n<\/div>\n
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companies in New York City actually<\/div>\n<\/div>\n<\/div>\n
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going to go about doing this are we<\/div>\n<\/div>\n<\/div>\n
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going to be taking peoples temperatures<\/div>\n<\/div>\n<\/div>\n
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in the lobbies through scanners as they<\/div>\n<\/div>\n<\/div>\n
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walk in are we gonna test people for<\/div>\n<\/div>\n<\/div>\n
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antibodies and let them go back to work<\/div>\n<\/div>\n<\/div>\n
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is everybody gonna wear a mask on the<\/div>\n<\/div>\n<\/div>\n
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trading desk and so we seem to be in<\/div>\n<\/div>\n<\/div>\n
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this regime of things are getting better<\/div>\n<\/div>\n<\/div>\n
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people are feeling more comfortable and<\/div>\n<\/div>\n<\/div>\n
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keep keep an eye out on whether we start<\/div>\n<\/div>\n<\/div>\n
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to get some data that some of these<\/div>\n<\/div>\n<\/div>\n
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states that have reopened whether they<\/div>\n<\/div>\n<\/div>\n
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start to see a spike in in some of the<\/div>\n<\/div>\n<\/div>\n
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cases whether or not they start to see a<\/div>\n<\/div>\n<\/div>\n
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little bit more a difficulty in their<\/div>\n<\/div>\n<\/div>\n
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healthcare system is that sort of the<\/div>\n<\/div>\n<\/div>\n
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next stage that we’re gonna fall into<\/div>\n<\/div>\n<\/div>\n
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and so we talked about game-planning<\/div>\n<\/div>\n<\/div>\n
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things are going great looks like we’re<\/div>\n<\/div>\n<\/div>\n
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opening lots of positive news but what<\/div>\n<\/div>\n<\/div>\n
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if what if what if and when we go around<\/div>\n<\/div>\n<\/div>\n
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the room and so I wonder if any of you<\/div>\n<\/div>\n<\/div>\n
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have a stock that you’d like to share<\/div>\n<\/div>\n<\/div>\n
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that you’re particularly interested in<\/div>\n<\/div>\n<\/div>\n
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for tomorrow and maybe some levels<\/div>\n<\/div>\n<\/div>\n
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you’re looking at and why and that’s the<\/div>\n<\/div>\n<\/div>\n
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value that’s one of the values of being<\/div>\n<\/div>\n<\/div>\n
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at a prop desk it’s not just me because<\/div>\n<\/div>\n<\/div>\n
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I wrote a book a couple of books and I’m<\/div>\n<\/div>\n<\/div>\n
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a partner talking at people who have not<\/div>\n<\/div>\n<\/div>\n
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traded as much as I have it is somebody<\/div>\n<\/div>\n<\/div>\n
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like myself seeking out somebody like<\/div>\n<\/div>\n<\/div>\n
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dr. Stein Barker who has a much broader<\/div>\n<\/div>\n<\/div>\n
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and more expansive perspective<\/div>\n<\/div>\n<\/div>\n
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on markets to provide additional<\/div>\n<\/div>\n<\/div>\n
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resources to our traders and then for<\/div>\n<\/div>\n<\/div>\n
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each of the traders to share and then I<\/div>\n<\/div>\n<\/div>\n
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will if the ideas based on my experience<\/div>\n<\/div>\n<\/div>\n
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are not worth their attention I I will<\/div>\n<\/div>\n<\/div>\n
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jump in there and say hey you know that<\/div>\n<\/div>\n<\/div>\n
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that’s that’s probably not a good idea<\/div>\n<\/div>\n<\/div>\n
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that this stock is doesn’t move enough<\/div>\n<\/div>\n<\/div>\n
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and is not worth your attention this<\/div>\n<\/div>\n<\/div>\n
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stock is not a particularly good<\/div>\n<\/div>\n<\/div>\n
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intraday stock why don’t why don’t you<\/div>\n<\/div>\n<\/div>\n
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think about staying away from that this<\/div>\n<\/div>\n<\/div>\n
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stocks just too hard for you to trade at<\/div>\n<\/div>\n<\/div>\n
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the beginning of your career it’s too<\/div>\n<\/div>\n<\/div>\n
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expensive it moves too much you can’t<\/div>\n<\/div>\n<\/div>\n
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control your risk move on but we<\/div>\n<\/div>\n<\/div>\n
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encourage the traders on her desk to<\/div>\n<\/div>\n<\/div>\n
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share and develop their own ideas and<\/div>\n<\/div>\n<\/div>\n
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build out their business so again so I<\/div>\n<\/div>\n<\/div>\n
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wonder is there is there anybody in the<\/div>\n<\/div>\n<\/div>\n
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community who would like to share an<\/div>\n<\/div>\n<\/div>\n
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idea and perhaps somebody would read it<\/div>\n<\/div>\n<\/div>\n
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\n
off for us Mike and dr. Brett I have a<\/div>\n<\/div>\n<\/div>\n
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question before we get into that and I<\/div>\n<\/div>\n<\/div>\n
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ask permission to jump into the<\/div>\n<\/div>\n<\/div>\n
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presentation before when people are<\/div>\n<\/div>\n<\/div>\n
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talking about their evening a statement<\/div>\n<\/div>\n<\/div>\n
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and their ideas do you think that maybe<\/div>\n<\/div>\n<\/div>\n
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the newer traders can get biased a<\/div>\n<\/div>\n<\/div>\n
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little bit and get influenced by more<\/div>\n<\/div>\n<\/div>\n
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experienced traders because we always<\/div>\n<\/div>\n<\/div>\n
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say you have to be independent thinkers<\/div>\n<\/div>\n<\/div>\n
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and you have to always come up with your<\/div>\n<\/div>\n<\/div>\n
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own strategy or risk management’s how do<\/div>\n<\/div>\n<\/div>\n
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you handle that how do you enforce the<\/div>\n<\/div>\n<\/div>\n
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independency of individual traders and<\/div>\n<\/div>\n<\/div>\n
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not be affected by the community or more<\/div>\n<\/div>\n<\/div>\n
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experienced traders Oh Mike can I answer<\/div>\n<\/div>\n<\/div>\n
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that yes please thank you a beginning<\/div>\n<\/div>\n<\/div>\n
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trader should not be thinking<\/div>\n<\/div>\n<\/div>\n
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independently a beginning trader has no<\/div>\n<\/div>\n<\/div>\n
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experience from which to think a<\/div>\n<\/div>\n<\/div>\n
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beginning trader should copy the<\/div>\n<\/div>\n<\/div>\n
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experienced traders learn what they’re<\/div>\n<\/div>\n<\/div>\n
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doing understand what they’re doing and<\/div>\n<\/div>\n<\/div>\n
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then explore<\/div>\n<\/div>\n<\/div>\n
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then create play books of trades and<\/div>\n<\/div>\n<\/div>\n
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follow patterns and markets and make<\/div>\n<\/div>\n<\/div>\n
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those patterns their own but in the<\/div>\n<\/div>\n<\/div>\n
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beginning it helps if beginning traders<\/div>\n<\/div>\n<\/div>\n
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model after the successful traders you<\/div>\n<\/div>\n<\/div>\n
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see that kind of mentoring in every<\/div>\n<\/div>\n<\/div>\n
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important performance field where you<\/div>\n<\/div>\n<\/div>\n
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first model the expert performers and<\/div>\n<\/div>\n<\/div>\n
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then gradually you make their<\/div>\n<\/div>\n<\/div>\n
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performance your own by adapting it to<\/div>\n<\/div>\n<\/div>\n
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your strengths and your perspectives so<\/div>\n<\/div>\n<\/div>\n
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we had a historic March it’s the best<\/div>\n<\/div>\n<\/div>\n
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month we’ve ever had<\/div>\n<\/div>\n<\/div>\n
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we should have it should have been the<\/div>\n<\/div>\n<\/div>\n
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best month we’ve ever had based on the<\/div>\n<\/div>\n<\/div>\n
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volatility but even having said that the<\/div>\n<\/div>\n<\/div>\n
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performance on the desk was staggering<\/div>\n<\/div>\n<\/div>\n
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\n
and so after that month I sought out<\/div>\n<\/div>\n<\/div>\n
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doctors team Barger and I said how do we<\/div>\n<\/div>\n<\/div>\n
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leverage the success of March so it<\/div>\n<\/div>\n<\/div>\n
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continues to pay dividends for all of<\/div>\n<\/div>\n<\/div>\n
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\n
the traders of the firm and he came up<\/div>\n<\/div>\n<\/div>\n
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with a terrific idea and I’m gonna call<\/div>\n<\/div>\n<\/div>\n
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it project leverage and this is<\/div>\n<\/div>\n<\/div>\n
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something we’re in the middle of<\/div>\n<\/div>\n<\/div>\n
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building right now<\/div>\n<\/div>\n<\/div>\n
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\n
and so dr. Steve Archer suggested go<\/div>\n<\/div>\n<\/div>\n
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take the traders that did well and asked<\/div>\n<\/div>\n<\/div>\n
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them to create a playbook of their best<\/div>\n<\/div>\n<\/div>\n
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set up from March and also the best<\/div>\n<\/div>\n<\/div>\n
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practices that led to them trading this<\/div>\n<\/div>\n<\/div>\n
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set up as well as they possibly can for<\/div>\n<\/div>\n<\/div>\n
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them so the second book I wrote is<\/div>\n<\/div>\n<\/div>\n
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called the playbook this is how at our<\/div>\n<\/div>\n<\/div>\n
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firm we encourage traders to build their<\/div>\n<\/div>\n<\/div>\n
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business to take a half a step back and<\/div>\n<\/div>\n<\/div>\n
\n
\n
to expand out what dr. Steen Barker said<\/div>\n<\/div>\n<\/div>\n
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\n
so when you come into SMB capital before<\/div>\n<\/div>\n<\/div>\n
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you get in the doors you take a course<\/div>\n<\/div>\n<\/div>\n
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called SME DNA that is the foundation<\/div>\n<\/div>\n<\/div>\n
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that you need to<\/div>\n<\/div>\n<\/div>\n
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\n
understand trading it’s a great course<\/div>\n<\/div>\n<\/div>\n
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great way to start and then when you are<\/div>\n<\/div>\n<\/div>\n
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hired and working with us you take<\/div>\n<\/div>\n<\/div>\n
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something called the winning trader the<\/div>\n<\/div>\n<\/div>\n
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winning trader is a compilation of the<\/div>\n<\/div>\n<\/div>\n
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setups broken down in variables that the<\/div>\n<\/div>\n<\/div>\n
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successful traders on our desk are<\/div>\n<\/div>\n<\/div>\n
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trading with edge and that have helped<\/div>\n<\/div>\n<\/div>\n
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them become the traders that they are<\/div>\n<\/div>\n<\/div>\n
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it’s it’s it’s just a compilation of<\/div>\n<\/div>\n<\/div>\n
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what winning traders are doing to win<\/div>\n<\/div>\n<\/div>\n
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\n
and we encourage traders to experiment<\/div>\n<\/div>\n<\/div>\n
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to sample those different trades from<\/div>\n<\/div>\n<\/div>\n
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the winning traders at our firm and some<\/div>\n<\/div>\n<\/div>\n
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of the trades are not going to be are<\/div>\n<\/div>\n<\/div>\n
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not going to work for for certain<\/div>\n<\/div>\n<\/div>\n
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traders doesn’t fit their personality<\/div>\n<\/div>\n<\/div>\n
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and their cognitive skills other trades<\/div>\n<\/div>\n<\/div>\n
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are totally gonna fit and the ones that<\/div>\n<\/div>\n<\/div>\n
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fit we ask traders to build from to put<\/div>\n<\/div>\n<\/div>\n
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into they’re put into play book form and<\/div>\n<\/div>\n<\/div>\n
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to build out their business that way and<\/div>\n<\/div>\n<\/div>\n
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so expanding on that idea and so every<\/div>\n<\/div>\n<\/div>\n
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day everybody does a play book trade of<\/div>\n<\/div>\n<\/div>\n
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a set up that made the most sense to<\/div>\n<\/div>\n<\/div>\n
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them and this becomes what drives their<\/div>\n<\/div>\n<\/div>\n
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\n
business so doctors team Berger said hey<\/div>\n<\/div>\n<\/div>\n
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\n
let’s have the winning traders build a<\/div>\n<\/div>\n<\/div>\n
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\n
playbook of their best trade ends the<\/div>\n<\/div>\n<\/div>\n
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best practices that led to them trading<\/div>\n<\/div>\n<\/div>\n
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that the best that they could let’s<\/div>\n<\/div>\n<\/div>\n
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record that and let’s create this<\/div>\n<\/div>\n<\/div>\n
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private library of videos of these<\/div>\n<\/div>\n<\/div>\n
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traders at our firm walking through<\/div>\n<\/div>\n<\/div>\n
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these trades and then I jump in to these<\/div>\n<\/div>\n<\/div>\n
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presentations by the way and I ask<\/div>\n<\/div>\n<\/div>\n
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follow-up questions and highlight the<\/div>\n<\/div>\n<\/div>\n
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things that are most important in these<\/div>\n<\/div>\n<\/div>\n
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trades so everybody can learn and you<\/div>\n<\/div>\n<\/div>\n
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know we are we are creating a library of<\/div>\n<\/div>\n<\/div>\n
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things that are working for new traders<\/div>\n<\/div>\n<\/div>\n
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to copy as doctors team Barger is saying<\/div>\n<\/div>\n<\/div>\n
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and<\/div>\n<\/div>\n<\/div>\n
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for experienced traders also to improve<\/div>\n<\/div>\n<\/div>\n
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because when you teach it crystalizes<\/div>\n<\/div>\n<\/div>\n
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why these trades are working it<\/div>\n<\/div>\n<\/div>\n
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clarifies why the trades work in your<\/div>\n<\/div>\n<\/div>\n
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mind it helps you to internalize what<\/div>\n<\/div>\n<\/div>\n
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you do best and so it’s good for for<\/div>\n<\/div>\n<\/div>\n
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everyone and so this is this is<\/div>\n<\/div>\n<\/div>\n
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something that we’re working on our firm<\/div>\n<\/div>\n<\/div>\n
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right now we’re not sitting back and<\/div>\n<\/div>\n<\/div>\n
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\n
patting ourselves on the back about how<\/div>\n<\/div>\n<\/div>\n
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\n
wonderful we were trading in March<\/div>\n<\/div>\n<\/div>\n
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because we want to continue to get<\/div>\n<\/div>\n<\/div>\n
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better and do better and let me be clear<\/div>\n<\/div>\n<\/div>\n
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\n
the results were phenomenal<\/div>\n<\/div>\n<\/div>\n
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\n
in March okay we did spend a little bit<\/div>\n<\/div>\n<\/div>\n
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\n
of time being really proud of our work<\/div>\n<\/div>\n<\/div>\n
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\n
for for March and so I say to you guys<\/div>\n<\/div>\n<\/div>\n
\n
\n
my SMB challenge for bear bull traders<\/div>\n<\/div>\n<\/div>\n
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\n
to consider is what if bear bull<\/div>\n<\/div>\n<\/div>\n
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community what if your community<\/div>\n<\/div>\n<\/div>\n
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leveraged its talent and built a similar<\/div>\n<\/div>\n<\/div>\n
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internal learning page light project<\/div>\n<\/div>\n<\/div>\n
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leverage for your members what if the<\/div>\n<\/div>\n<\/div>\n
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\n
winning traders in your community<\/div>\n<\/div>\n<\/div>\n
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\n
created a playbook of their best setup<\/div>\n<\/div>\n<\/div>\n
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and the best practices that went into<\/div>\n<\/div>\n<\/div>\n
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them trading at the best and presented<\/div>\n<\/div>\n<\/div>\n
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it to the whole community and that that<\/div>\n<\/div>\n<\/div>\n
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\n
was archived for the rest of time for<\/div>\n<\/div>\n<\/div>\n
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all of the new guys coming up the curve<\/div>\n<\/div>\n<\/div>\n
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and for the guys doing well to learn<\/div>\n<\/div>\n<\/div>\n
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from each other as well for your<\/div>\n<\/div>\n<\/div>\n
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community but Mike can I jump in sure<\/div>\n<\/div>\n<\/div>\n
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the only way you get access to that<\/div>\n<\/div>\n<\/div>\n
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internal learning page is if you<\/div>\n<\/div>\n<\/div>\n
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contribute something in other words<\/div>\n<\/div>\n<\/div>\n
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everyone is a teacher<\/div>\n<\/div>\n<\/div>\n
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everyone’s a student everyone<\/div>\n<\/div>\n<\/div>\n
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contributes everyone has experience to<\/div>\n<\/div>\n<\/div>\n
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contribute and everyone learns from<\/div>\n<\/div>\n<\/div>\n
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everyone that’s what<\/div>\n<\/div>\n<\/div>\n
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a community is all about I wrote a tweet<\/div>\n<\/div>\n<\/div>\n
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this weekend building on that very point<\/div>\n<\/div>\n<\/div>\n
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and I wrote I tweeted the trader trading<\/div>\n<\/div>\n<\/div>\n
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the best at our firm this mom<\/div>\n<\/div>\n<\/div>\n
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considering experience is up $25,000<\/div>\n<\/div>\n<\/div>\n
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this is about 1 million dollars less and<\/div>\n<\/div>\n<\/div>\n
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P&L been the best trader who would<\/div>\n<\/div>\n<\/div>\n
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acknowledge should be up more given his<\/div>\n<\/div>\n<\/div>\n
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abilities you are competing against your<\/div>\n<\/div>\n<\/div>\n
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best and that junior trader recently in<\/div>\n<\/div>\n<\/div>\n
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fulfilling his obligation to share with<\/div>\n<\/div>\n<\/div>\n
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project leverage recently did a video<\/div>\n<\/div>\n<\/div>\n
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for everybody on his best trade and why<\/div>\n<\/div>\n<\/div>\n
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did his best trading and this trader has<\/div>\n<\/div>\n<\/div>\n
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improved tremendously I remember and dr.<\/div>\n<\/div>\n<\/div>\n
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Steinberg you’re gonna get mad at me for<\/div>\n<\/div>\n<\/div>\n
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saying this and you probably will<\/div>\n<\/div>\n<\/div>\n
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counsel me after this not to think this<\/div>\n<\/div>\n<\/div>\n
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way but the reality is that there are<\/div>\n<\/div>\n<\/div>\n
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certain people who I interview who after<\/div>\n<\/div>\n<\/div>\n
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about 60 seconds I know I’m going to<\/div>\n<\/div>\n<\/div>\n
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encourage we hire as we have a committee<\/div>\n<\/div>\n<\/div>\n
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and everybody gives their input but<\/div>\n<\/div>\n<\/div>\n
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there are certain traders 60 seconds in<\/div>\n<\/div>\n<\/div>\n
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I’m just I’m just gonna recommend we<\/div>\n<\/div>\n<\/div>\n
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hire them and I almost stopped listening<\/div>\n<\/div>\n<\/div>\n
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and this particular trader 60 seconds<\/div>\n<\/div>\n<\/div>\n
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into his interview with me I think I<\/div>\n<\/div>\n<\/div>\n
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kind of just stopped listening and he<\/div>\n<\/div>\n<\/div>\n
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was just gonna he was going to get my<\/div>\n<\/div>\n<\/div>\n
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recommendation and by that I mean you<\/div>\n<\/div>\n<\/div>\n
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know just somebody who stood out to me<\/div>\n<\/div>\n<\/div>\n
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very strong band with very strong<\/div>\n<\/div>\n<\/div>\n
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processing skills great communicator I<\/div>\n<\/div>\n<\/div>\n
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wanted somebody I wanted to be around to<\/div>\n<\/div>\n<\/div>\n
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which is important to me a good person<\/div>\n<\/div>\n<\/div>\n
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who I just wanted to be around<\/div>\n<\/div>\n<\/div>\n
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I want people like him at my firm I’ll<\/div>\n<\/div>\n<\/div>\n
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have fun with more people like him at my<\/div>\n<\/div>\n<\/div>\n
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and so you know in his in his<\/div>\n<\/div>\n<\/div>\n
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presentation and he’s just he’s gotten a<\/div>\n<\/div>\n<\/div>\n
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lot better<\/div>\n<\/div>\n<\/div>\n
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it takes time one of the great gifts<\/div>\n<\/div>\n<\/div>\n
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that a firm like mine gives to traders<\/div>\n<\/div>\n<\/div>\n
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is that you know in essence we’re gonna<\/div>\n<\/div>\n<\/div>\n
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give you two years we’re gonna we’re<\/div>\n<\/div>\n<\/div>\n
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we’re gonna pay your bills all you have<\/div>\n<\/div>\n<\/div>\n
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to do is focus on trading you know I<\/div>\n<\/div>\n<\/div>\n
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have to worry about the rent or paying a<\/div>\n<\/div>\n<\/div>\n
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grocery bills we’re gonna take care of<\/div>\n<\/div>\n<\/div>\n
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that and we’re gonna train you up and<\/div>\n<\/div>\n<\/div>\n
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give you all the technology and all the<\/div>\n<\/div>\n<\/div>\n
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resources and you just have to study and<\/div>\n<\/div>\n<\/div>\n
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you just have to be getting better and<\/div>\n<\/div>\n<\/div>\n
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if you’re getting better and you’re<\/div>\n<\/div>\n<\/div>\n
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doing the work we’re gonna we’re going<\/div>\n<\/div>\n<\/div>\n
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to keep supporting you and so you know<\/div>\n<\/div>\n<\/div>\n
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he’s gotten so much better recently and<\/div>\n<\/div>\n<\/div>\n
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I asked him to put together a slide on<\/div>\n<\/div>\n<\/div>\n
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why I me said the specific changes and<\/div>\n<\/div>\n<\/div>\n
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best practices I’ve doubled and tripled<\/div>\n<\/div>\n<\/div>\n
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down on since the volatility spike our<\/div>\n<\/div>\n<\/div>\n
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rigidity and routine does the same thing<\/div>\n<\/div>\n<\/div>\n
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every day<\/div>\n<\/div>\n<\/div>\n
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mess a methodical size and risk<\/div>\n<\/div>\n<\/div>\n
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management trading my psychological<\/div>\n<\/div>\n<\/div>\n
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strengths selectivity and capitalization<\/div>\n<\/div>\n<\/div>\n
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through confirmation and people<\/div>\n<\/div>\n<\/div>\n
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sometimes think these are silly things<\/div>\n<\/div>\n<\/div>\n
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that they can’t really help somebody<\/div>\n<\/div>\n<\/div>\n
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that much they do they do and that<\/div>\n<\/div>\n<\/div>\n
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sometimes people think these are the<\/div>\n<\/div>\n<\/div>\n
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only things that matter and they don’t<\/div>\n<\/div>\n<\/div>\n
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he was trading a set up remember with<\/div>\n<\/div>\n<\/div>\n
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edge that was helping him trading setups<\/div>\n<\/div>\n<\/div>\n
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with edge that was helping him to do<\/div>\n<\/div>\n<\/div>\n
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well the two of them go together you<\/div>\n<\/div>\n<\/div>\n
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gotta have setups with edge and then you<\/div>\n<\/div>\n<\/div>\n
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got to be able to you gotta have those<\/div>\n<\/div>\n<\/div>\n
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best practices is leading to your best<\/div>\n<\/div>\n<\/div>\n
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trading but these four things these four<\/div>\n<\/div>\n<\/div>\n
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these were four keys to him making<\/div>\n<\/div>\n<\/div>\n
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significant progress and that progress<\/div>\n<\/div>\n<\/div>\n
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was not just by the way in March this is<\/div>\n<\/div>\n<\/div>\n
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continued through this month as well and<\/div>\n<\/div>\n<\/div>\n
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had<\/div>\n<\/div>\n<\/div>\n
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started before the high billet ilium so<\/div>\n<\/div>\n<\/div>\n
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this is just a story of high volatility<\/div>\n<\/div>\n<\/div>\n
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changing somebody’s PNL around but these<\/div>\n<\/div>\n<\/div>\n
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are the things he did yes please yeah<\/div>\n<\/div>\n<\/div>\n
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absolutely I’m not gonna smack you down<\/div>\n<\/div>\n<\/div>\n
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for that in 60 seconds you learn a lot<\/div>\n<\/div>\n<\/div>\n
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about a trader one trader in 60 seconds<\/div>\n<\/div>\n<\/div>\n
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will tell you how much passion they have<\/div>\n<\/div>\n<\/div>\n
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for trading and another trader in 60<\/div>\n<\/div>\n<\/div>\n
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seconds will show you every trade that<\/div>\n<\/div>\n<\/div>\n
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they have played booked for the last<\/div>\n<\/div>\n<\/div>\n
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month in detail so you find out who are<\/div>\n<\/div>\n<\/div>\n
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the show horses and who are the<\/div>\n<\/div>\n<\/div>\n
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workhorses and that tells a lot about<\/div>\n<\/div>\n<\/div>\n
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who will succeed yeah we have two there<\/div>\n<\/div>\n<\/div>\n
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are two traders who used to be in a in a<\/div>\n<\/div>\n<\/div>\n
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community just like their bull and they<\/div>\n<\/div>\n<\/div>\n
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were they were independent traders out<\/div>\n<\/div>\n<\/div>\n
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there in in the US not hired by a prop<\/div>\n<\/div>\n<\/div>\n
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firm just independent traders learning<\/div>\n<\/div>\n<\/div>\n
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part of a community you know not a<\/div>\n<\/div>\n<\/div>\n
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community as good as yours Andrews but<\/div>\n<\/div>\n<\/div>\n
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part of a community and ambitious as all<\/div>\n<\/div>\n<\/div>\n
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as all can be and it kept reaching out<\/div>\n<\/div>\n<\/div>\n
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to us kept reaching out to us did an<\/div>\n<\/div>\n<\/div>\n
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internship with us and impressed enough<\/div>\n<\/div>\n<\/div>\n
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people at the firm so that they were<\/div>\n<\/div>\n<\/div>\n
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hired and their their their last review<\/div>\n<\/div>\n<\/div>\n
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with you their last monthly review with<\/div>\n<\/div>\n<\/div>\n
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you I think was 200 pages long if I<\/div>\n<\/div>\n<\/div>\n
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remember correctly yeah so it’s it’s<\/div>\n<\/div>\n<\/div>\n
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yeah talking is you know saying I want<\/div>\n<\/div>\n<\/div>\n
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to be a great trader is is one thing but<\/div>\n<\/div>\n<\/div>\n
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but doing the work doing the real work<\/div>\n<\/div>\n<\/div>\n
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and I<\/div>\n<\/div>\n<\/div>\n
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meeting them in person and them sharing<\/div>\n<\/div>\n<\/div>\n
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with me their playbook we had breakfast<\/div>\n<\/div>\n<\/div>\n
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Clearwater Florida<\/div>\n<\/div>\n<\/div>\n
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I didn’t know what to expect and here<\/div>\n<\/div>\n<\/div>\n
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these two upstart guys you know threw<\/div>\n<\/div>\n<\/div>\n
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down their threw down their work in<\/div>\n<\/div>\n<\/div>\n
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front of me which was the their play<\/div>\n<\/div>\n<\/div>\n
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books of trades that they were taking I<\/div>\n<\/div>\n<\/div>\n
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want to I want to say one thing about<\/div>\n<\/div>\n<\/div>\n
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community which we’re finding<\/div>\n<\/div>\n<\/div>\n
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interesting and important so we can’t<\/div>\n<\/div>\n<\/div>\n
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meet like this right now this is a<\/div>\n<\/div>\n<\/div>\n
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snapshot of a happy hour that we had at<\/div>\n<\/div>\n<\/div>\n
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a rooftop bar in New York City and you<\/div>\n<\/div>\n<\/div>\n
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know Missy and the guys but recently we<\/div>\n<\/div>\n<\/div>\n
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got a little creative and we had a<\/div>\n<\/div>\n<\/div>\n
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virtual we had a virtual happy hour at<\/div>\n<\/div>\n<\/div>\n
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SMB where we all got together over zoom<\/div>\n<\/div>\n<\/div>\n
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met up and talked about what was working<\/div>\n<\/div>\n<\/div>\n
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and and and what we could do better and<\/div>\n<\/div>\n<\/div>\n
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what happened during a virtual happy<\/div>\n<\/div>\n<\/div>\n
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hour but news broke up that Gilead had<\/div>\n<\/div>\n<\/div>\n
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promising results on its drug that<\/div>\n<\/div>\n<\/div>\n
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during the virtual happy hour dr. Stein<\/div>\n<\/div>\n<\/div>\n
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Barger what was was saying hey this<\/div>\n<\/div>\n<\/div>\n
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could be seen as particularly promising<\/div>\n<\/div>\n<\/div>\n
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and guys swapped over to their trading<\/div>\n<\/div>\n<\/div>\n
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screens and start buying some stocks and<\/div>\n<\/div>\n<\/div>\n
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you know we made a bunch of money during<\/div>\n<\/div>\n<\/div>\n
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a virtual happy hour and and you know<\/div>\n<\/div>\n<\/div>\n
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today you mentioned the good news for<\/div>\n<\/div>\n<\/div>\n
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the Gilead drug there was more data that<\/div>\n<\/div>\n<\/div>\n
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came in suggesting that it’s continues<\/div>\n<\/div>\n<\/div>\n
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to look promising but like staying<\/div>\n<\/div>\n<\/div>\n
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connected is really important and that’s<\/div>\n<\/div>\n<\/div>\n
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that’s one of the things that you guys<\/div>\n<\/div>\n<\/div>\n
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can do which is you know lean on each<\/div>\n<\/div>\n<\/div>\n
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other<\/div>\n<\/div>\n<\/div>\n
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support each other I think that’s hard<\/div>\n<\/div>\n<\/div>\n
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trading is hard there’s gonna be days<\/div>\n<\/div>\n<\/div>\n
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where you get beat up<\/div>\n<\/div>\n<\/div>\n
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good traders have days where some of our<\/div>\n<\/div>\n<\/div>\n
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best traders guys you make two million<\/div>\n<\/div>\n<\/div>\n
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dollars a year plus do really stupid<\/div>\n<\/div>\n<\/div>\n
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and they share in their daily<\/div>\n<\/div>\n<\/div>\n
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report cards with dr. Steen Barger and<\/div>\n<\/div>\n<\/div>\n
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myself I was I just don’t even know what<\/div>\n<\/div>\n<\/div>\n
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I was thinking I know these guys are<\/div>\n<\/div>\n<\/div>\n
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great traders they make mistakes and you<\/div>\n<\/div>\n<\/div>\n
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know but if you have other guys around<\/div>\n<\/div>\n<\/div>\n
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you or going through the same things as<\/div>\n<\/div>\n<\/div>\n
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you that can that can be a huge huge<\/div>\n<\/div>\n<\/div>\n
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advantage to your trading career and one<\/div>\n<\/div>\n<\/div>\n
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of the things that’s someone it’s so<\/div>\n<\/div>\n<\/div>\n
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interesting as we’ve gone remote so we<\/div>\n<\/div>\n<\/div>\n
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can’t meet in our offices is that so at<\/div>\n<\/div>\n<\/div>\n
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our desk<\/div>\n<\/div>\n<\/div>\n
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everybody is grouped into teams senior<\/div>\n<\/div>\n<\/div>\n
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traders run teams so shark runs a team<\/div>\n<\/div>\n<\/div>\n
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it’s Wang runs a team and Angie runs a<\/div>\n<\/div>\n<\/div>\n
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team and bogus runs a team and metal<\/div>\n<\/div>\n<\/div>\n
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runs a team they all have teams and<\/div>\n<\/div>\n<\/div>\n
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junior traders under them who can learn<\/div>\n<\/div>\n<\/div>\n
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from these senior traders and now we’ve<\/div>\n<\/div>\n<\/div>\n
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gone remote and one of things I find<\/div>\n<\/div>\n<\/div>\n
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interesting is that there’s<\/div>\n<\/div>\n<\/div>\n
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cross-pollination of teams there’s<\/div>\n<\/div>\n<\/div>\n
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clusters that are being developed so<\/div>\n<\/div>\n<\/div>\n
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that guys are in their optimal groups so<\/div>\n<\/div>\n<\/div>\n
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that they are in the most comfortable<\/div>\n<\/div>\n<\/div>\n
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environments and so at a prop firm you<\/div>\n<\/div>\n<\/div>\n
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physically have to sit in certain areas<\/div>\n<\/div>\n<\/div>\n
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virtually you actually have a little bit<\/div>\n<\/div>\n<\/div>\n
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of an advantage because you can go sit<\/div>\n<\/div>\n<\/div>\n
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next to anybody you don’t have to sit<\/div>\n<\/div>\n<\/div>\n
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next to the guy who our for manager told<\/div>\n<\/div>\n<\/div>\n
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you to sit next to and you can start to<\/div>\n<\/div>\n<\/div>\n
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develop these new relationships but<\/div>\n<\/div>\n<\/div>\n
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working together is huge and forming<\/div>\n<\/div>\n<\/div>\n
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these clusters of guys who trade like<\/div>\n<\/div>\n<\/div>\n
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you and you enjoy listening to the way<\/div>\n<\/div>\n<\/div>\n
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that they call out their trades if<\/div>\n<\/div>\n<\/div>\n
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certain guys are just they’re too loud<\/div>\n<\/div>\n<\/div>\n
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or certain guys are too anxious and<\/div>\n<\/div>\n<\/div>\n
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certain guys are too aggressive but then<\/div>\n<\/div>\n<\/div>\n
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there’s groups that think like you and<\/div>\n<\/div>\n<\/div>\n
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trade like you and you do best with my<\/div>\n<\/div>\n<\/div>\n
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cab I have a question now because it was<\/div>\n<\/div>\n<\/div>\n
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always that my question even before the<\/div>\n<\/div>\n<\/div>\n
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lockdown people don’t need to proceed<\/div>\n<\/div>\n<\/div>\n
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exams in year to be part of SMB your<\/div>\n<\/div>\n<\/div>\n
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friend they can actually trade remotely<\/div>\n<\/div>\n<\/div>\n
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and have access to all of the resources<\/div>\n<\/div>\n<\/div>\n
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morning show morning yeah discussions<\/div>\n<\/div>\n<\/div>\n
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and everything am i right yeah that’s<\/div>\n<\/div>\n<\/div>\n
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true and again we are all remote right<\/div>\n<\/div>\n<\/div>\n
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now and it’s the first time in our<\/div>\n<\/div>\n<\/div>\n
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history we’re in all of our traders are<\/div>\n<\/div>\n<\/div>\n
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remote and our technology team did a<\/div>\n<\/div>\n<\/div>\n
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great job of quickly transitioning the<\/div>\n<\/div>\n<\/div>\n
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infrastructure to the humm best during<\/div>\n<\/div>\n<\/div>\n
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these times one of the huge advantages<\/div>\n<\/div>\n<\/div>\n
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of working at a prop firm like ours is<\/div>\n<\/div>\n<\/div>\n
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we have technology that just isn’t<\/div>\n<\/div>\n<\/div>\n
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available to retail traders if you are a<\/div>\n<\/div>\n<\/div>\n
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profitable trader and you trade on our<\/div>\n<\/div>\n<\/div>\n
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technology and you learn how to use it<\/div>\n<\/div>\n<\/div>\n
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and you collaborate with your team<\/div>\n<\/div>\n<\/div>\n
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members on how to use it you will make<\/div>\n<\/div>\n<\/div>\n
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30 percent more in P&L just from the<\/div>\n<\/div>\n<\/div>\n
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technology the functionality of it the<\/div>\n<\/div>\n<\/div>\n
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execution speed the the the data<\/div>\n<\/div>\n<\/div>\n
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crunching speed the fact that it never<\/div>\n<\/div>\n<\/div>\n
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goes down I mean it just does our<\/div>\n<\/div>\n<\/div>\n
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platform doesn’t go down it just doesn’t<\/div>\n<\/div>\n<\/div>\n
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go down you know you hear stories about<\/div>\n<\/div>\n<\/div>\n
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thinkorswim being slow or going down you<\/div>\n<\/div>\n<\/div>\n
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can’t enter orders particularly on those<\/div>\n<\/div>\n<\/div>\n
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days where we were limit down I mean our<\/div>\n<\/div>\n<\/div>\n
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platform doesn’t go down we’re able to<\/div>\n<\/div>\n<\/div>\n
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trade with seamlessly and so you know<\/div>\n<\/div>\n<\/div>\n
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being up on days like that can make all<\/div>\n<\/div>\n<\/div>\n
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the difference so that’s a huge huge<\/div>\n<\/div>\n<\/div>\n
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advantage and you know we were able to<\/div>\n<\/div>\n<\/div>\n
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replicate a really great technology<\/div>\n<\/div>\n<\/div>\n
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experience virtually in short order but<\/div>\n<\/div>\n<\/div>\n
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yeah if you are a trader who wants to<\/div>\n<\/div>\n<\/div>\n
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grow and you are a trader who has<\/div>\n<\/div>\n<\/div>\n
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designs of being a seven-figure trader<\/div>\n<\/div>\n<\/div>\n
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I just had a phone conversation with a<\/div>\n<\/div>\n<\/div>\n
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particular trader who lives well outside<\/div>\n<\/div>\n<\/div>\n
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New York City and had been doing well as<\/div>\n<\/div>\n<\/div>\n
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a retail trader and was making a couple<\/div>\n<\/div>\n<\/div>\n
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of bucks you know six figures and I you<\/div>\n<\/div>\n<\/div>\n
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know asked what that person’s goals were<\/div>\n<\/div>\n<\/div>\n
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you know and I said to him you come to a<\/div>\n<\/div>\n<\/div>\n
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firm like ours because you want to find<\/div>\n<\/div>\n<\/div>\n
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out how good you can be you can be a lot<\/div>\n<\/div>\n<\/div>\n
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better when instead of being able to<\/div>\n<\/div>\n<\/div>\n
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trade only your capital there’s a 20<\/div>\n<\/div>\n<\/div>\n
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million dollar account that you can<\/div>\n<\/div>\n<\/div>\n
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utilize on an intraday basis where the<\/div>\n<\/div>\n<\/div>\n
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technology helps you to make 30% more<\/div>\n<\/div>\n<\/div>\n
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where you get to talk with dr. Steen<\/div>\n<\/div>\n<\/div>\n
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Barger the best trading coach in the<\/div>\n<\/div>\n<\/div>\n
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country about your trading if you need<\/div>\n<\/div>\n<\/div>\n
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to where there’s a risk there’s where<\/div>\n<\/div>\n<\/div>\n
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there’s a floor manager who is watching<\/div>\n<\/div>\n<\/div>\n
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you closely so that when you’re trading<\/div>\n<\/div>\n<\/div>\n
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poorly those days you’re just not seeing<\/div>\n<\/div>\n<\/div>\n
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the screens correctly you only lose<\/div>\n<\/div>\n<\/div>\n
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$50,000 instead of one hundred and fifty<\/div>\n<\/div>\n<\/div>\n
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thousand dollars or for a newer guy<\/div>\n<\/div>\n<\/div>\n
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maybe only lose a thousand dollars<\/div>\n<\/div>\n<\/div>\n
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instead of ten thousand dollars you’re<\/div>\n<\/div>\n<\/div>\n
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keeping more of what you’re making where<\/div>\n<\/div>\n<\/div>\n
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you have partners who are thinking about<\/div>\n<\/div>\n<\/div>\n
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how to provide more resources so that<\/div>\n<\/div>\n<\/div>\n
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you can get as good as you can be so<\/div>\n<\/div>\n<\/div>\n
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that you have technology where you can<\/div>\n<\/div>\n<\/div>\n
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build automated models or build custom<\/div>\n<\/div>\n<\/div>\n
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alerts or build scripts to get you into<\/div>\n<\/div>\n<\/div>\n
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more of your best plays where you have<\/div>\n<\/div>\n<\/div>\n
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traders who have different strategies<\/div>\n<\/div>\n<\/div>\n
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that are winning that you can learn and<\/div>\n<\/div>\n<\/div>\n
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try and implement into your trading<\/div>\n<\/div>\n<\/div>\n
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where you have senior partners who<\/div>\n<\/div>\n<\/div>\n
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understand when marketing regimes change<\/div>\n<\/div>\n<\/div>\n
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and can give you advice to say hey this<\/div>\n<\/div>\n<\/div>\n
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is what we should be focusing on that<\/div>\n<\/div>\n<\/div>\n
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that’s the type of environment where<\/div>\n<\/div>\n<\/div>\n
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you’re gonna find out how good you can<\/div>\n<\/div>\n<\/div>\n
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be Mike can I jump in here<\/div>\n<\/div>\n<\/div>\n
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some people have some people have been<\/div>\n<\/div>\n<\/div>\n
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asking some good questions here on the<\/div>\n<\/div>\n<\/div>\n
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chat one person asked what are you doing<\/div>\n<\/div>\n<\/div>\n
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differently that enables your traders to<\/div>\n<\/div>\n<\/div>\n
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be more profitable let me just give that<\/div>\n<\/div>\n<\/div>\n
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and give a perspective on that for for<\/div>\n<\/div>\n<\/div>\n
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someone who works with the SMB traders<\/div>\n<\/div>\n<\/div>\n
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but is separate from SMB a big part of<\/div>\n<\/div>\n<\/div>\n
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profitability is not just in how you<\/div>\n<\/div>\n<\/div>\n
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trade but what you trade my perception<\/div>\n<\/div>\n<\/div>\n
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is that many SMB traders are successful<\/div>\n<\/div>\n<\/div>\n
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because they are in the right stocks the<\/div>\n<\/div>\n<\/div>\n
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right opportunities they are using the<\/div>\n<\/div>\n<\/div>\n
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technology to screen for opportunities<\/div>\n<\/div>\n<\/div>\n
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to see what’s moving to see which levels<\/div>\n<\/div>\n<\/div>\n
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are being broken and that is giving them<\/div>\n<\/div>\n<\/div>\n
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an edge to start with being in the right<\/div>\n<\/div>\n<\/div>\n
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companies the right stocks is half the<\/div>\n<\/div>\n<\/div>\n
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battle<\/div>\n<\/div>\n<\/div>\n
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you can be a great oil driller but if<\/div>\n<\/div>\n<\/div>\n
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you drill in the wrong places you’ll<\/div>\n<\/div>\n<\/div>\n
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never find oil you’ve got to be in the<\/div>\n<\/div>\n<\/div>\n
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places where there’s opportunity and<\/div>\n<\/div>\n<\/div>\n
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shark is a great example of that shark<\/div>\n<\/div>\n<\/div>\n
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first had a success trading low float<\/div>\n<\/div>\n<\/div>\n
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small caps and then has expanded his<\/div>\n<\/div>\n<\/div>\n
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playbook by finding trades similar in<\/div>\n<\/div>\n<\/div>\n
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high beta names large caps and then a<\/div>\n<\/div>\n<\/div>\n
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couple years ago we brought you in dr.<\/div>\n<\/div>\n<\/div>\n
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Stein Barger and schooled the guys up on<\/div>\n<\/div>\n<\/div>\n
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trading market plays which he’s been<\/div>\n<\/div>\n<\/div>\n
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working on and when you run into a VIX<\/div>\n<\/div>\n<\/div>\n
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above 60 really pays off and<\/div>\n<\/div>\n<\/div>\n
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you know this is a picture of shark<\/div>\n<\/div>\n<\/div>\n
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receiving his first black shirt you<\/div>\n<\/div>\n<\/div>\n
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receive a black shirt at our firm if you<\/div>\n<\/div>\n<\/div>\n
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make two million dollars in net p\/l for<\/div>\n<\/div>\n<\/div>\n
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a year and this is a career milestone<\/div>\n<\/div>\n<\/div>\n
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this is something that people are<\/div>\n<\/div>\n<\/div>\n
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dreaming about from the first day of<\/div>\n<\/div>\n<\/div>\n
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training at a firm maybe even during the<\/div>\n<\/div>\n<\/div>\n
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interview process it’s a huge<\/div>\n<\/div>\n<\/div>\n
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accomplishment and you know I remember<\/div>\n<\/div>\n<\/div>\n
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how proud I felt to see him accomplish<\/div>\n<\/div>\n<\/div>\n
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this for him and how proud he should be<\/div>\n<\/div>\n<\/div>\n
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I told him he should be for his<\/div>\n<\/div>\n<\/div>\n
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accomplishment but you know one of the<\/div>\n<\/div>\n<\/div>\n
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things that happens at a at a prop firm<\/div>\n<\/div>\n<\/div>\n
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is that there are no ceilings ceilings<\/div>\n<\/div>\n<\/div>\n
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are for houses not traitors there’s<\/div>\n<\/div>\n<\/div>\n
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always a next level you can head and so<\/div>\n<\/div>\n<\/div>\n
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this huge accomplishment where you know<\/div>\n<\/div>\n<\/div>\n
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I made over two million dollars for the<\/div>\n<\/div>\n<\/div>\n
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year in March he made that look small in<\/div>\n<\/div>\n<\/div>\n
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March you know in just one month he made<\/div>\n<\/div>\n<\/div>\n
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well over enough to earn a black shirt<\/div>\n<\/div>\n<\/div>\n
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in a year well over you know he<\/div>\n<\/div>\n<\/div>\n
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shattered his past P&L highs because<\/div>\n<\/div>\n<\/div>\n
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while he was earning that black shirt he<\/div>\n<\/div>\n<\/div>\n
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was also learning different setups<\/div>\n<\/div>\n<\/div>\n
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adding different setups to his playbook<\/div>\n<\/div>\n<\/div>\n
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like market plays how to trade spy how<\/div>\n<\/div>\n<\/div>\n
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to trade ball Atilla t so he had a huge<\/div>\n<\/div>\n<\/div>\n
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trade in T VIX one of the volatility<\/div>\n<\/div>\n<\/div>\n
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ETFs a huge trade in team X which he<\/div>\n<\/div>\n<\/div>\n
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never would have had if he didn’t really<\/div>\n<\/div>\n<\/div>\n
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study his market plays work on them for<\/div>\n<\/div>\n<\/div>\n
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years before March if he just would have<\/div>\n<\/div>\n<\/div>\n
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been happy with<\/div>\n<\/div>\n<\/div>\n
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you know making two three million bucks<\/div>\n<\/div>\n<\/div>\n
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a year doing what he was doing then he<\/div>\n<\/div>\n<\/div>\n
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would have he would have had a ceiling<\/div>\n<\/div>\n<\/div>\n
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but you know had a prop firm you know<\/div>\n<\/div>\n<\/div>\n
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guys are thinking about how to to better<\/div>\n<\/div>\n<\/div>\n
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all the time when it’s after they’ve had<\/div>\n<\/div>\n<\/div>\n
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a year where they earn a black shirt<\/div>\n<\/div>\n<\/div>\n
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it’s how do I make eight figures in a<\/div>\n<\/div>\n<\/div>\n
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year and you’re in that environment with<\/div>\n<\/div>\n<\/div>\n
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guys who are thinking like that and<\/div>\n<\/div>\n<\/div>\n
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you’re seeing people who don’t walk any<\/div>\n<\/div>\n<\/div>\n
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differently than you came up through the<\/div>\n<\/div>\n<\/div>\n
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same training program as you who you<\/div>\n<\/div>\n<\/div>\n
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know you talk to every day you can be<\/div>\n<\/div>\n<\/div>\n
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like them and it’s it sets the tone for<\/div>\n<\/div>\n<\/div>\n
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what’s possible again I jump in Mike<\/div>\n<\/div>\n<\/div>\n
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sure this is very this is very important<\/div>\n<\/div>\n<\/div>\n
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for you guys in the bear bowl community<\/div>\n<\/div>\n<\/div>\n
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and please listen carefully and affirm<\/div>\n<\/div>\n<\/div>\n
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like SMB you are trading the financial<\/div>\n<\/div>\n<\/div>\n
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capital of the firm they put up the<\/div>\n<\/div>\n<\/div>\n
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money that’s what you’re trading when<\/div>\n<\/div>\n<\/div>\n
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you belong to a community like bear bull<\/div>\n<\/div>\n<\/div>\n
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you are trading your own financial<\/div>\n<\/div>\n<\/div>\n
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capital but if you are a successful<\/div>\n<\/div>\n<\/div>\n
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community you are sharing intellectual<\/div>\n<\/div>\n<\/div>\n
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capital a community like bear bowl is a<\/div>\n<\/div>\n<\/div>\n
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prop firm it’s just that you’re sharing<\/div>\n<\/div>\n<\/div>\n
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intellectual capital rather than<\/div>\n<\/div>\n<\/div>\n
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financial capital but if you are a<\/div>\n<\/div>\n<\/div>\n
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successful community each one teach one<\/div>\n<\/div>\n<\/div>\n
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everyone is sharing ideas everyone is<\/div>\n<\/div>\n<\/div>\n
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learning from everyone and that<\/div>\n<\/div>\n<\/div>\n
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a synergy that makes everyone better hey<\/div>\n<\/div>\n<\/div>\n
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go ahead and click our subscribe button<\/div>\n<\/div>\n<\/div>\n
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so 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 Dr. Brett Steenbarger and I share, with the trading community at Bear Bull Traders, ideas to spark real trading progress. Dr. Steenbarger and I have front row seats to elite traders thriving in this market and thus what is most important to grow your trading account. Come learn what we have learned from them and trading the … Read More<\/a><\/p>\n","protected":false},"author":290,"featured_media":49837,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"video","meta":{"footnotes":""},"categories":[4189],"tags":[],"class_list":["post-49834","post","type-post","status-publish","format-video","has-post-thumbnail","hentry","category-free-daily-trading-video","post_format-post-format-video"],"yoast_head":"\nIdeas to spark real trading progress from the prop desk (an evening with Dr. Brett and Bella) | SMB Training<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.smbtraining.com\/blog\/ideas-to-spark-real-trading-progress-from-the-prop-desk-an-evening-with-dr-brett-and-bella\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ideas to spark real trading progress from the prop desk (an evening with Dr. Brett and Bella) | SMB Training\" \/>\n<meta property=\"og:description\" content=\"In this video Dr. Brett Steenbarger and I share, with the trading community at Bear Bull Traders, ideas to spark real trading progress. Dr. Steenbarger and I have front row seats to elite traders thriving in this market and thus what is most important to grow your trading account. Come learn what we have learned from them and trading the ... Read More\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.smbtraining.com\/blog\/ideas-to-spark-real-trading-progress-from-the-prop-desk-an-evening-with-dr-brett-and-bella\" \/>\n<meta property=\"og:site_name\" content=\"SMB Training Blog\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/smbcap\/\" \/>\n<meta property=\"article:published_time\" content=\"2020-05-01T21:38:41+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-05-01T22:41:35+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2020\/05\/mike-dr-s-webinar.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1920\" \/>\n\t<meta property=\"og:image:height\" content=\"1080\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"smbcapital\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@smbcapital\" 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