{"id":49860,"date":"2020-05-15T19:05:41","date_gmt":"2020-05-15T23:05:41","guid":{"rendered":"https:\/\/www.smbtraining.com\/blog\/?p=49860"},"modified":"2020-05-18T12:17:56","modified_gmt":"2020-05-18T16:17:56","slug":"how-this-independent-retail-trader-went-from-losing-money-to-trading-profitably","status":"publish","type":"post","link":"https:\/\/www.smbtraining.com\/blog\/how-this-independent-retail-trader-went-from-losing-money-to-trading-profitably","title":{"rendered":"How This Independent Retail Trader Went From Losing Money To Trading Profitably"},"content":{"rendered":"

In this video, learn how this independent retail trader went from losing money to trading profitably. Learn the changes this bright and ambitious independent trader needed to make to go from consistently losing money to growing his trading account.<\/p>\nView Video Transcript<\/strong><\/span>

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in this video learn how this independent<\/div>\n<\/div>\n<\/div>\n
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retail trader<\/div>\n<\/div>\n<\/div>\n
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went from losing money to trading<\/div>\n<\/div>\n<\/div>\n
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profitably hi i’m mike bellafiore<\/div>\n<\/div>\n<\/div>\n
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co-founder of smb capital and we’re a<\/div>\n<\/div>\n<\/div>\n
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proprietary trading firm<\/div>\n<\/div>\n<\/div>\n
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located in midtown manhattan and i’m<\/div>\n<\/div>\n<\/div>\n
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also the author of the trading classic<\/div>\n<\/div>\n<\/div>\n
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one good trade<\/div>\n<\/div>\n<\/div>\n
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and the playbook click our subscribe<\/div>\n<\/div>\n<\/div>\n
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button so you don’t miss any of the<\/div>\n<\/div>\n<\/div>\n
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videos they’re producing for you<\/div>\n<\/div>\n<\/div>\n
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in the trading community learn the<\/div>\n<\/div>\n<\/div>\n
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changes this bright and ambitious<\/div>\n<\/div>\n<\/div>\n
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independent trader needed to make to go<\/div>\n<\/div>\n<\/div>\n
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from consistently losing money<\/div>\n<\/div>\n<\/div>\n
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to growing his trading account okay so<\/div>\n<\/div>\n<\/div>\n
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thanks for having me<\/div>\n<\/div>\n<\/div>\n
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um my name’s sam i started on dna<\/div>\n<\/div>\n<\/div>\n
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in like late february and um before that<\/div>\n<\/div>\n<\/div>\n
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you know i i wasn’t with smb and and<\/div>\n<\/div>\n<\/div>\n
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it’s made a lot of difference to me<\/div>\n<\/div>\n<\/div>\n
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i’d sent mike a note<\/div>\n<\/div>\n<\/div>\n
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earlier in the week and just to say<\/div>\n<\/div>\n<\/div>\n
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thanks basically<\/div>\n<\/div>\n<\/div>\n
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it’s made a real big difference to my<\/div>\n<\/div>\n<\/div>\n
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trading and um<\/div>\n<\/div>\n<\/div>\n
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you know it’s it’s nice to reach out and<\/div>\n<\/div>\n<\/div>\n
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say these things so<\/div>\n<\/div>\n<\/div>\n
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in return mike asked me to share a<\/div>\n<\/div>\n<\/div>\n
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playbook trade<\/div>\n<\/div>\n<\/div>\n
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and so this is it tell me a little bit<\/div>\n<\/div>\n<\/div>\n
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about<\/div>\n<\/div>\n<\/div>\n
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what you’ve been doing previously<\/div>\n<\/div>\n<\/div>\n
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uh before starting to train with us<\/div>\n<\/div>\n<\/div>\n
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so i had various experience over like a<\/div>\n<\/div>\n<\/div>\n
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pretty long time like<\/div>\n<\/div>\n<\/div>\n
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way back in the day 10 years plus ago i<\/div>\n<\/div>\n<\/div>\n
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like<\/div>\n<\/div>\n<\/div>\n
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read stuff about warren buffett et<\/div>\n<\/div>\n<\/div>\n
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cetera et cetera tried to you know value<\/div>\n<\/div>\n<\/div>\n
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investing<\/div>\n<\/div>\n<\/div>\n
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nothing really serious uh i moved out to<\/div>\n<\/div>\n<\/div>\n
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the us five and a half years ago<\/div>\n<\/div>\n<\/div>\n
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got myself uh involved with a<\/div>\n<\/div>\n<\/div>\n
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well actually tesla um and that sort of<\/div>\n<\/div>\n<\/div>\n
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involved me with a growth stock for the<\/div>\n<\/div>\n<\/div>\n
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first time i got to know it intimately<\/div>\n<\/div>\n<\/div>\n
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and i feel very comfortable with this<\/div>\n<\/div>\n<\/div>\n
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talk<\/div>\n<\/div>\n<\/div>\n
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um but i didn’t really try to start day<\/div>\n<\/div>\n<\/div>\n
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trading<\/div>\n<\/div>\n<\/div>\n
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seriously until late last year in about<\/div>\n<\/div>\n<\/div>\n
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november um<\/div>\n<\/div>\n<\/div>\n
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and you know in the six months leading<\/div>\n<\/div>\n<\/div>\n
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up to the end of march<\/div>\n<\/div>\n<\/div>\n
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i didn’t have great success um so so i<\/div>\n<\/div>\n<\/div>\n
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actually went searching for a<\/div>\n<\/div>\n<\/div>\n
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a way to improve myself my training<\/div>\n<\/div>\n<\/div>\n
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everything<\/div>\n<\/div>\n<\/div>\n
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and um i’ve had really good success with<\/div>\n<\/div>\n<\/div>\n
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with<\/div>\n<\/div>\n<\/div>\n
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the content from smb and uh<\/div>\n<\/div>\n<\/div>\n
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you know actually covert has been a<\/div>\n<\/div>\n<\/div>\n
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really interesting time<\/div>\n<\/div>\n<\/div>\n
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um it’s allowed me to focus way more on<\/div>\n<\/div>\n<\/div>\n
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on this stuff and i think it’s made a<\/div>\n<\/div>\n<\/div>\n
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lot of difference<\/div>\n<\/div>\n<\/div>\n
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recent past i’ve well that’s now three<\/div>\n<\/div>\n<\/div>\n
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five figure days as of today so<\/div>\n<\/div>\n<\/div>\n
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happy days um it’s it’s made a lot of<\/div>\n<\/div>\n<\/div>\n
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difference<\/div>\n<\/div>\n<\/div>\n
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yeah the key here is you<\/div>\n<\/div>\n<\/div>\n
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made a change you saw that what you were<\/div>\n<\/div>\n<\/div>\n
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doing<\/div>\n<\/div>\n<\/div>\n
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wasn’t working for you and<\/div>\n<\/div>\n<\/div>\n
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you took action to make things better<\/div>\n<\/div>\n<\/div>\n
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that is what elite traders do so as you<\/div>\n<\/div>\n<\/div>\n
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continue to get better and better and<\/div>\n<\/div>\n<\/div>\n
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better<\/div>\n<\/div>\n<\/div>\n
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you’re going to continue to have to<\/div>\n<\/div>\n<\/div>\n
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change<\/div>\n<\/div>\n<\/div>\n
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you’re going to continue to have to<\/div>\n<\/div>\n<\/div>\n
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adapt we’re doing that<\/div>\n<\/div>\n<\/div>\n
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on our desk as well our best traders are<\/div>\n<\/div>\n<\/div>\n
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doing this as well<\/div>\n<\/div>\n<\/div>\n
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shark is working right now on making his<\/div>\n<\/div>\n<\/div>\n
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trading less stressful<\/div>\n<\/div>\n<\/div>\n
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swang is working on<\/div>\n<\/div>\n<\/div>\n
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uh something that gives him more energy<\/div>\n<\/div>\n<\/div>\n
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for his trading<\/div>\n<\/div>\n<\/div>\n
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one of the top traders that i coach<\/div>\n<\/div>\n<\/div>\n
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outside the firm<\/div>\n<\/div>\n<\/div>\n
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is working very specifically on his risk<\/div>\n<\/div>\n<\/div>\n
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management<\/div>\n<\/div>\n<\/div>\n
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another trader that i work with is<\/div>\n<\/div>\n<\/div>\n
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is working on stock selection these guys<\/div>\n<\/div>\n<\/div>\n
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are all<\/div>\n<\/div>\n<\/div>\n
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elite traders million dollar traders<\/div>\n<\/div>\n<\/div>\n
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many of them majority of them the worth<\/div>\n<\/div>\n<\/div>\n
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of five million dollars a year<\/div>\n<\/div>\n<\/div>\n
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in that p l and they are making changes<\/div>\n<\/div>\n<\/div>\n
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they are they they are not just<\/div>\n<\/div>\n<\/div>\n
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improving<\/div>\n<\/div>\n<\/div>\n
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but they are they’re making tangible<\/div>\n<\/div>\n<\/div>\n
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changes to what they’re doing<\/div>\n<\/div>\n<\/div>\n
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and so you’re it’s great<\/div>\n<\/div>\n<\/div>\n
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that you’re having success here<\/div>\n<\/div>\n<\/div>\n
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but the thing the thing for other people<\/div>\n<\/div>\n<\/div>\n
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to learn from this<\/div>\n<\/div>\n<\/div>\n
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is that as you as you progress in your<\/div>\n<\/div>\n<\/div>\n
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career<\/div>\n<\/div>\n<\/div>\n
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you’re going to need to continue to make<\/div>\n<\/div>\n<\/div>\n
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changes<\/div>\n<\/div>\n<\/div>\n
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you’re going to continue to need to<\/div>\n<\/div>\n<\/div>\n
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adapt and<\/div>\n<\/div>\n<\/div>\n
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find the solutions for how you’re going<\/div>\n<\/div>\n<\/div>\n
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to change<\/div>\n<\/div>\n<\/div>\n
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so terrific learning lesson for lots of<\/div>\n<\/div>\n<\/div>\n
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other people in the trading community<\/div>\n<\/div>\n<\/div>\n
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about the importance<\/div>\n<\/div>\n<\/div>\n
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of change all right let’s get into your<\/div>\n<\/div>\n<\/div>\n
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trade<\/div>\n<\/div>\n<\/div>\n
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so big picture this was a trade that was<\/div>\n<\/div>\n<\/div>\n
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made on<\/div>\n<\/div>\n<\/div>\n
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uh monday this week 5 12. um<\/div>\n<\/div>\n<\/div>\n
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and over the weekend the spy had hit 295<\/div>\n<\/div>\n<\/div>\n
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um and basically been fading all morning<\/div>\n<\/div>\n<\/div>\n
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in the pre-market<\/div>\n<\/div>\n<\/div>\n
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um before the open and then by 8 45 a.m<\/div>\n<\/div>\n<\/div>\n
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i saw a change in momentum um and<\/div>\n<\/div>\n<\/div>\n
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bounced off the 289 level<\/div>\n<\/div>\n<\/div>\n
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which had sort of been of recent support<\/div>\n<\/div>\n<\/div>\n
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in the prior week<\/div>\n<\/div>\n<\/div>\n
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uh the last few weeks before that we’ve<\/div>\n<\/div>\n<\/div>\n
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seen<\/div>\n<\/div>\n<\/div>\n
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a lot of volatility compression and<\/div>\n<\/div>\n<\/div>\n
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market grinding higher strong on buying<\/div>\n<\/div>\n<\/div>\n
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bids steve has noted this many times in<\/div>\n<\/div>\n<\/div>\n
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the weekend review and<\/div>\n<\/div>\n<\/div>\n
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daily call and that’s been super helpful<\/div>\n<\/div>\n<\/div>\n
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and sort of framing my thinking around<\/div>\n<\/div>\n<\/div>\n
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if you want to learn three real world<\/div>\n<\/div>\n<\/div>\n
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setups that our traders use<\/div>\n<\/div>\n<\/div>\n
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including the simple setup that we teach<\/div>\n<\/div>\n<\/div>\n
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all of our new traders and the setup<\/div>\n<\/div>\n<\/div>\n
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that turned one of our traders into a<\/div>\n<\/div>\n<\/div>\n
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seven figure big money earner<\/div>\n<\/div>\n<\/div>\n
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check out the free webinar that we’re<\/div>\n<\/div>\n<\/div>\n
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currently running just go ahead and<\/div>\n<\/div>\n<\/div>\n
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click the link that should be appearing<\/div>\n<\/div>\n<\/div>\n
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right now at the top right hand corner<\/div>\n<\/div>\n<\/div>\n
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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<\/div>\n<\/div>\n<\/div>\n
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so don’t worry you’re not going to lose<\/div>\n<\/div>\n<\/div>\n
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this video you’re going to learn more<\/div>\n<\/div>\n<\/div>\n
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in a couple of hours from this trading<\/div>\n<\/div>\n<\/div>\n
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workshop than from<\/div>\n<\/div>\n<\/div>\n
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years of online education tesla like i<\/div>\n<\/div>\n<\/div>\n
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said i’ve followed this stock<\/div>\n<\/div>\n<\/div>\n
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intimately uh for a long time i’ve been<\/div>\n<\/div>\n<\/div>\n
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involved in it and<\/div>\n<\/div>\n<\/div>\n
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there were several trades i could have<\/div>\n<\/div>\n<\/div>\n
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put into this playbook i wanted to put a<\/div>\n<\/div>\n<\/div>\n
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nice<\/div>\n<\/div>\n<\/div>\n
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straightforward trade that i was really<\/div>\n<\/div>\n<\/div>\n
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happy with and i would i would like to<\/div>\n<\/div>\n<\/div>\n
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repeat many times again<\/div>\n<\/div>\n<\/div>\n
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um so tesla had gapped down uh over the<\/div>\n<\/div>\n<\/div>\n
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the weekend um there was this sort of<\/div>\n<\/div>\n<\/div>\n
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tweet from<\/div>\n<\/div>\n<\/div>\n
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elon about you know that’s the last<\/div>\n<\/div>\n<\/div>\n
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straw i’m gonna sue alameda county we’re<\/div>\n<\/div>\n<\/div>\n
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going to take our<\/div>\n<\/div>\n<\/div>\n
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manufacturing over to texas or nevada<\/div>\n<\/div>\n<\/div>\n
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and it’s you know kind of a credible<\/div>\n<\/div>\n<\/div>\n
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threat really<\/div>\n<\/div>\n<\/div>\n
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um so yeah market market uh<\/div>\n<\/div>\n<\/div>\n
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market took a little dip there um and<\/div>\n<\/div>\n<\/div>\n
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this is often in the context of tessa<\/div>\n<\/div>\n<\/div>\n
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being quite strong<\/div>\n<\/div>\n<\/div>\n
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in in the lead up to this time uh but<\/div>\n<\/div>\n<\/div>\n
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again as usual lots of volatility<\/div>\n<\/div>\n<\/div>\n
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so pre-market buyers well they stepped<\/div>\n<\/div>\n<\/div>\n
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in at the<\/div>\n<\/div>\n<\/div>\n
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friday support um this is okay that’s<\/div>\n<\/div>\n<\/div>\n
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that’s the spy 289<\/div>\n<\/div>\n<\/div>\n
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yeah um but what we’re also looking for<\/div>\n<\/div>\n<\/div>\n
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is uh actually that should say 789<\/div>\n<\/div>\n<\/div>\n
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and then stepped up to 289 before open<\/div>\n<\/div>\n<\/div>\n
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um so<\/div>\n<\/div>\n<\/div>\n
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what we were seeing was the possibility<\/div>\n<\/div>\n<\/div>\n
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of a deal to reopen fremont off the back<\/div>\n<\/div>\n<\/div>\n
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of this tweet and the depth that<\/div>\n<\/div>\n<\/div>\n
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that was uh in response um<\/div>\n<\/div>\n<\/div>\n
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moving on there fundamentals here so<\/div>\n<\/div>\n<\/div>\n
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aval the day<\/div>\n<\/div>\n<\/div>\n
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was was you know 0.89 nothing super high<\/div>\n<\/div>\n<\/div>\n
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we wouldn’t necessarily call it an<\/div>\n<\/div>\n<\/div>\n
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in-place dog except for the news<\/div>\n<\/div>\n<\/div>\n
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and the catalyst over the weekend<\/div>\n<\/div>\n<\/div>\n
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average of all uh<\/div>\n<\/div>\n<\/div>\n
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volume sort of 18.55 million float 147.<\/div>\n<\/div>\n<\/div>\n
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institutional ownership you know that’s<\/div>\n<\/div>\n<\/div>\n
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quite high and usually gives you<\/div>\n<\/div>\n<\/div>\n
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an underlying bid short interest you<\/div>\n<\/div>\n<\/div>\n
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know on the low end for for tesla in its<\/div>\n<\/div>\n<\/div>\n
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history<\/div>\n<\/div>\n<\/div>\n
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and atr you know this thing can move 50<\/div>\n<\/div>\n<\/div>\n
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dollars in a day<\/div>\n<\/div>\n<\/div>\n
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and no big deal or 49.29 to be specific<\/div>\n<\/div>\n<\/div>\n
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sam how often are you trading<\/div>\n<\/div>\n<\/div>\n
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tesla probably once a week maybe maybe a<\/div>\n<\/div>\n<\/div>\n
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couple of times really depends i’m<\/div>\n<\/div>\n<\/div>\n
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trying to be pretty selective about the<\/div>\n<\/div>\n<\/div>\n
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setups<\/div>\n<\/div>\n<\/div>\n
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um in this case i actually went with the<\/div>\n<\/div>\n<\/div>\n
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shares a lot of times i’ve used<\/div>\n<\/div>\n<\/div>\n
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options and that’s worked out well um<\/div>\n<\/div>\n<\/div>\n
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for example when elon tweeted the friday<\/div>\n<\/div>\n<\/div>\n
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before<\/div>\n<\/div>\n<\/div>\n
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about selling all this stuff and tesla<\/div>\n<\/div>\n<\/div>\n
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being overpriced there was there was a<\/div>\n<\/div>\n<\/div>\n
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great opportunity there and um<\/div>\n<\/div>\n<\/div>\n
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took advantage of that so so when when<\/div>\n<\/div>\n<\/div>\n
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the trades come up you know i’m<\/div>\n<\/div>\n<\/div>\n
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i try to be there like i said following<\/div>\n<\/div>\n<\/div>\n
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it pretty closely<\/div>\n<\/div>\n<\/div>\n
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are you watching it every day but maybe<\/div>\n<\/div>\n<\/div>\n
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taking a trade once a week<\/div>\n<\/div>\n<\/div>\n
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pretty much yeah i definitely check in<\/div>\n<\/div>\n<\/div>\n
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every day and look if there’s<\/div>\n<\/div>\n<\/div>\n
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something that looks um you know<\/div>\n<\/div>\n<\/div>\n
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something that looks like it suits me uh<\/div>\n<\/div>\n<\/div>\n
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i you know i have a particular<\/div>\n<\/div>\n<\/div>\n
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setup and this is actually very close to<\/div>\n<\/div>\n<\/div>\n
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what i like to do is like<\/div>\n<\/div>\n<\/div>\n
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uh buying buying a dip<\/div>\n<\/div>\n<\/div>\n
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and holding it uh to see if i can hold<\/div>\n<\/div>\n<\/div>\n
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it<\/div>\n<\/div>\n<\/div>\n
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you know for a few hours basically um i<\/div>\n<\/div>\n<\/div>\n
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try to use v web and<\/div>\n<\/div>\n<\/div>\n
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we’ll get into a little bit of that in<\/div>\n<\/div>\n<\/div>\n
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the next slide yeah and i do see<\/div>\n<\/div>\n<\/div>\n
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if you’re going to trade a high beta<\/div>\n<\/div>\n<\/div>\n
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name guys doing better when they track<\/div>\n<\/div>\n<\/div>\n
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them<\/div>\n<\/div>\n<\/div>\n
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every day necessarily not necessarily<\/div>\n<\/div>\n<\/div>\n
\n
\n
trade them every day<\/div>\n<\/div>\n<\/div>\n
\n
\n
but certainly tracking them every day to<\/div>\n<\/div>\n<\/div>\n
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get<\/div>\n<\/div>\n<\/div>\n
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\n
a feel for how they’re moving<\/div>\n<\/div>\n<\/div>\n
\n
\n
can be very helpful for trading a high<\/div>\n<\/div>\n<\/div>\n
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\n
data namely and that’s something i’ve<\/div>\n<\/div>\n<\/div>\n
\n
\n
noticed in my stats<\/div>\n<\/div>\n<\/div>\n
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\n
over you know since i started recording<\/div>\n<\/div>\n<\/div>\n
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\n
them um<\/div>\n<\/div>\n<\/div>\n
\n
\n
that that really i have more success<\/div>\n<\/div>\n<\/div>\n
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\n
particularly with tesla but high beta in<\/div>\n<\/div>\n<\/div>\n
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\n
general<\/div>\n<\/div>\n<\/div>\n
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\n
so that’s something i’m sort of honing<\/div>\n<\/div>\n<\/div>\n
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\n
in on and<\/div>\n<\/div>\n<\/div>\n
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\n
trying to bring into my trading a little<\/div>\n<\/div>\n<\/div>\n
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\n
more okay so the uh<\/div>\n<\/div>\n<\/div>\n
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\n
trade plan here was basically to watch<\/div>\n<\/div>\n<\/div>\n
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\n
for an early flush<\/div>\n<\/div>\n<\/div>\n
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\n
i want to see confirmation um of the<\/div>\n<\/div>\n<\/div>\n
\n
\n
support of the kind of previous day<\/div>\n<\/div>\n<\/div>\n
\n
\n
actually of the the lower level in the<\/div>\n<\/div>\n<\/div>\n
\n
\n
pre-market<\/div>\n<\/div>\n<\/div>\n
\n
\n
um and we got a little bit below there<\/div>\n<\/div>\n<\/div>\n
\n
\n
but<\/div>\n<\/div>\n<\/div>\n
\n
\n
there was really such strong momentum um<\/div>\n<\/div>\n<\/div>\n
\n
\n
that<\/div>\n<\/div>\n<\/div>\n
\n
\n
there was an opportunity in the end so<\/div>\n<\/div>\n<\/div>\n
\n
\n
the ideal case was to close<\/div>\n<\/div>\n<\/div>\n
\n
\n
uh near the high of day looking for 820<\/div>\n<\/div>\n<\/div>\n
\n
\n
plus<\/div>\n<\/div>\n<\/div>\n
\n
\n
uh or you know if momentum fails i’m<\/div>\n<\/div>\n<\/div>\n
\n
\n
happy to get out there and and take the<\/div>\n<\/div>\n<\/div>\n
\n
\n
profit<\/div>\n<\/div>\n<\/div>\n
\n
\n
so key levels for the morning um support<\/div>\n<\/div>\n<\/div>\n
\n
\n
790 786 780<\/div>\n<\/div>\n<\/div>\n
\n
\n
uh these are these are super relevant<\/div>\n<\/div>\n<\/div>\n
\n
\n
recent levels for for the stock<\/div>\n<\/div>\n<\/div>\n
\n
\n
and then you know inflection 800 i<\/div>\n<\/div>\n<\/div>\n
\n
\n
haven’t listed it there but<\/div>\n<\/div>\n<\/div>\n
\n
\n
um and then this is where i got my 820<\/div>\n<\/div>\n<\/div>\n
\n
\n
from was r3<\/div>\n<\/div>\n<\/div>\n
\n
\n
i’m an optimist so big picture<\/div>\n<\/div>\n<\/div>\n
\n
\n
tesla back to um november<\/div>\n<\/div>\n<\/div>\n
\n
\n
so much coverage on this stock everyone<\/div>\n<\/div>\n<\/div>\n
\n
\n
did the big run up and then it<\/div>\n<\/div>\n<\/div>\n
\n
\n
came back to 350 and sort of been<\/div>\n<\/div>\n<\/div>\n
\n
\n
grinding up since um so there’s this<\/div>\n<\/div>\n<\/div>\n
\n
\n
anticipation of the battery day coming<\/div>\n<\/div>\n<\/div>\n
\n
\n
up as well<\/div>\n<\/div>\n<\/div>\n
\n
\n
um and you know we’re seeing some kind<\/div>\n<\/div>\n<\/div>\n
\n
\n
of consolidation<\/div>\n<\/div>\n<\/div>\n
\n
\n
in and around the 750s 800<\/div>\n<\/div>\n<\/div>\n
\n
\n
um so yeah that’s a range that i’ve been<\/div>\n<\/div>\n<\/div>\n
\n
\n
taking note of<\/div>\n<\/div>\n<\/div>\n
\n
\n
closer to the date um this is kind of<\/div>\n<\/div>\n<\/div>\n
\n
\n
just this year<\/div>\n<\/div>\n<\/div>\n
\n
\n
really you know just watching that level<\/div>\n<\/div>\n<\/div>\n
\n
\n
and and<\/div>\n<\/div>\n<\/div>\n
\n
\n
for me big picture looking for for like<\/div>\n<\/div>\n<\/div>\n
\n
\n
a longer term breakout over<\/div>\n<\/div>\n<\/div>\n
\n
\n
800 to sustain so this is of the morning<\/div>\n<\/div>\n<\/div>\n
\n
\n
friday is opening low<\/div>\n<\/div>\n<\/div>\n
\n
\n
we did test that just before open<\/div>\n<\/div>\n<\/div>\n
\n
\n
and that’s like one of these<\/div>\n<\/div>\n<\/div>\n
\n
\n
one of these there um but when i saw<\/div>\n<\/div>\n<\/div>\n
\n
\n
this like<\/div>\n<\/div>\n<\/div>\n
\n
\n
first real momentum coming in<\/div>\n<\/div>\n<\/div>\n
\n
\n
so there’s there’s the wick testing the<\/div>\n<\/div>\n<\/div>\n
\n
\n
friday’s low<\/div>\n<\/div>\n<\/div>\n
\n
\n
um basically we saw a really strong<\/div>\n<\/div>\n<\/div>\n
\n
\n
reversal momentum on open i usually<\/div>\n<\/div>\n<\/div>\n
\n
\n
don’t enter a stock<\/div>\n<\/div>\n<\/div>\n
\n
\n
uh this early in the in the game but you<\/div>\n<\/div>\n<\/div>\n
\n
\n
know the plan was clear and we were<\/div>\n<\/div>\n<\/div>\n
\n
\n
right at the target so i thought<\/div>\n<\/div>\n<\/div>\n
\n
\n
okay let’s come in uh let’s see what<\/div>\n<\/div>\n<\/div>\n
\n
\n
happens um<\/div>\n<\/div>\n<\/div>\n
\n
\n
you know this wick was a potential stop<\/div>\n<\/div>\n<\/div>\n
\n
\n
out area<\/div>\n<\/div>\n<\/div>\n
\n
\n
um but again it was very quick and so<\/div>\n<\/div>\n<\/div>\n
\n
\n
that was that was not<\/div>\n<\/div>\n<\/div>\n
\n
\n
triggered for me um from there i was i<\/div>\n<\/div>\n<\/div>\n
\n
\n
was<\/div>\n<\/div>\n<\/div>\n
\n
\n
happy to see it you know dip through<\/div>\n<\/div>\n<\/div>\n
\n
\n
vrap but<\/div>\n<\/div>\n<\/div>\n
\n
\n
again recover really quickly we’re<\/div>\n<\/div>\n<\/div>\n
\n
\n
seeing that the downside momentum was<\/div>\n<\/div>\n<\/div>\n
\n
\n
really<\/div>\n<\/div>\n<\/div>\n
\n
\n
um started to compress early it didn’t<\/div>\n<\/div>\n<\/div>\n
\n
\n
have any follow through<\/div>\n<\/div>\n<\/div>\n
\n
\n
so once once we really got sort of above<\/div>\n<\/div>\n<\/div>\n
\n
\n
ewap<\/div>\n<\/div>\n<\/div>\n
\n
\n
um i was pretty happy to hold it sort of<\/div>\n<\/div>\n<\/div>\n
\n
\n
step back<\/div>\n<\/div>\n<\/div>\n
\n
\n
and you know again i think there were<\/div>\n<\/div>\n<\/div>\n
\n
\n
some<\/div>\n<\/div>\n<\/div>\n
\n
\n
possible opportunities to add into that<\/div>\n<\/div>\n<\/div>\n
\n
\n
etc but<\/div>\n<\/div>\n<\/div>\n
\n
\n
that wasn’t really the plan for me on<\/div>\n<\/div>\n<\/div>\n
\n
\n
the day so i got some notes<\/div>\n<\/div>\n<\/div>\n
\n
\n
basically we had v-web confirmed between<\/div>\n<\/div>\n<\/div>\n
\n
\n
9 50 10 am um and that you know for me<\/div>\n<\/div>\n<\/div>\n
\n
\n
i was happy to see that that confirmed<\/div>\n<\/div>\n<\/div>\n
\n
\n
the trade for me that would have been a<\/div>\n<\/div>\n<\/div>\n
\n
\n
nice<\/div>\n<\/div>\n<\/div>\n
\n
\n
spot probably to size in a little bit um<\/div>\n<\/div>\n<\/div>\n
\n
\n
consolidation overview up again we get a<\/div>\n<\/div>\n<\/div>\n
\n
\n
little sideways motion at about 10 a.m<\/div>\n<\/div>\n<\/div>\n
\n
\n
steve often talks about that and that’s<\/div>\n<\/div>\n<\/div>\n
\n
\n
that’s a good one to watch for we had a<\/div>\n<\/div>\n<\/div>\n
\n
\n
leg higher there<\/div>\n<\/div>\n<\/div>\n
\n
\n
and then i’ve got a two-day v-wap um<\/div>\n<\/div>\n<\/div>\n
\n
\n
that i like to see strong stocks get<\/div>\n<\/div>\n<\/div>\n
\n
\n
over and consolidate<\/div>\n<\/div>\n<\/div>\n
\n
\n
uh when i start to see it go sideways<\/div>\n<\/div>\n<\/div>\n
\n
\n
here i you know i basically said hey<\/div>\n<\/div>\n<\/div>\n
\n
\n
look i’ve taken a big chunk of the move<\/div>\n<\/div>\n<\/div>\n
\n
\n
it’s pretty early in the day um why<\/div>\n<\/div>\n<\/div>\n
\n
\n
don’t take some risk off the table i can<\/div>\n<\/div>\n<\/div>\n
\n
\n
always re-enter later<\/div>\n<\/div>\n<\/div>\n
\n
\n
um so for me that was that was uh that<\/div>\n<\/div>\n<\/div>\n
\n
\n
was how the trade went i was<\/div>\n<\/div>\n<\/div>\n
\n
\n
pretty happy with that um<\/div>\n<\/div>\n<\/div>\n
\n
\n
so we can see ninth uh 931<\/div>\n<\/div>\n<\/div>\n
\n
\n
790 350 entry<\/div>\n<\/div>\n<\/div>\n
\n
\n
uh let’s stop like i said 785 i didn’t<\/div>\n<\/div>\n<\/div>\n
\n
\n
quite get back there so that was good in<\/div>\n<\/div>\n<\/div>\n
\n
\n
this case<\/div>\n<\/div>\n<\/div>\n
\n
\n
uh profit target 820 didn’t quite get<\/div>\n<\/div>\n<\/div>\n
\n
\n
there um<\/div>\n<\/div>\n<\/div>\n
\n
\n
trying for a one to three and the exit<\/div>\n<\/div>\n<\/div>\n
\n
\n
in the end was a 1.5<\/div>\n<\/div>\n<\/div>\n
\n
\n
r um so that was really just you know<\/div>\n<\/div>\n<\/div>\n
\n
\n
two hours seven minutes later and we’re<\/div>\n<\/div>\n<\/div>\n
\n
\n
we’re out so<\/div>\n<\/div>\n<\/div>\n
\n
\n
i saw the momentum slowed on the five<\/div>\n<\/div>\n<\/div>\n
\n
\n
minute chart the<\/div>\n<\/div>\n<\/div>\n
\n
\n
the range was compressing compressing<\/div>\n<\/div>\n<\/div>\n
\n
\n
and you know i<\/div>\n<\/div>\n<\/div>\n
\n
\n
if i see the v web you know going flat<\/div>\n<\/div>\n<\/div>\n
\n
\n
or flattening out uh particularly after<\/div>\n<\/div>\n<\/div>\n
\n
\n
11 am like<\/div>\n<\/div>\n<\/div>\n
\n
\n
it starts to give me you know um<\/div>\n<\/div>\n<\/div>\n
\n
\n
the notion that things aren’t really<\/div>\n<\/div>\n<\/div>\n
\n
\n
going to move much and<\/div>\n<\/div>\n<\/div>\n
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\n
tend to get chopped around so i’ve<\/div>\n<\/div>\n<\/div>\n
\n
\n
learned from experience that that’s<\/div>\n<\/div>\n<\/div>\n
\n
\n
that’s a good time to move on<\/div>\n<\/div>\n<\/div>\n
\n
\n
yeah as opposed to so that’s an advanced<\/div>\n<\/div>\n<\/div>\n
\n
\n
trading uh point that you’re making<\/div>\n<\/div>\n<\/div>\n
\n
\n
there you want to see view uh<\/div>\n<\/div>\n<\/div>\n
\n
\n
trending up as opposed to it starting to<\/div>\n<\/div>\n<\/div>\n
\n
\n
flatten out<\/div>\n<\/div>\n<\/div>\n
\n
\n
yeah definitely and that’s that’s<\/div>\n<\/div>\n<\/div>\n
\n
\n
something i’ve just learned from<\/div>\n<\/div>\n<\/div>\n
\n
\n
experience recently making notes<\/div>\n<\/div>\n<\/div>\n
\n
\n
reviewing my trades and<\/div>\n<\/div>\n<\/div>\n
\n
\n
um it’s helped me a lot you know it’s<\/div>\n<\/div>\n<\/div>\n
\n
\n
just for me it’s a build up of all these<\/div>\n<\/div>\n<\/div>\n
\n
\n
tiny little things said something<\/div>\n<\/div>\n<\/div>\n
\n
\n
interesting you noted that you trade<\/div>\n<\/div>\n<\/div>\n
\n
\n
high beta particularly well and you’re<\/div>\n<\/div>\n<\/div>\n
\n
\n
starting to see that with your<\/div>\n<\/div>\n<\/div>\n
\n
\n
with your stats are you starting to<\/div>\n<\/div>\n<\/div>\n
\n
\n
conclude that<\/div>\n<\/div>\n<\/div>\n
\n
\n
you are better trading these high beta<\/div>\n<\/div>\n<\/div>\n
\n
\n
names<\/div>\n<\/div>\n<\/div>\n
\n
\n
yes i think i have enough evidence to<\/div>\n<\/div>\n<\/div>\n
\n
\n
say that<\/div>\n<\/div>\n<\/div>\n
\n
\n
yeah what strikes me also is your use of<\/div>\n<\/div>\n<\/div>\n
\n
\n
technical analysis<\/div>\n<\/div>\n<\/div>\n
\n
\n
i see that quite often when traders are<\/div>\n<\/div>\n<\/div>\n
\n
\n
successful with high beta names is that<\/div>\n<\/div>\n<\/div>\n
\n
\n
they<\/div>\n<\/div>\n<\/div>\n
\n
\n
are seeing that in their stats but they<\/div>\n<\/div>\n<\/div>\n
\n
\n
also tend to lean on the more technical<\/div>\n<\/div>\n<\/div>\n
\n
\n
side now<\/div>\n<\/div>\n<\/div>\n
\n
\n
to be successful as a high beta trader<\/div>\n<\/div>\n<\/div>\n
\n
\n
and be a technical trader you’re going<\/div>\n<\/div>\n<\/div>\n
\n
\n
to want to find the ones that are doing<\/div>\n<\/div>\n<\/div>\n
\n
\n
the best or doing the worst<\/div>\n<\/div>\n<\/div>\n
\n
\n
the ones that are going to you know<\/div>\n<\/div>\n<\/div>\n
\n
\n
really have order flow behind them<\/div>\n<\/div>\n<\/div>\n
\n
\n
to help you out a lot and i think that’s<\/div>\n<\/div>\n<\/div>\n
\n
\n
where my comfort level comes from i<\/div>\n<\/div>\n<\/div>\n
\n
\n
just i feel like i have a better feel<\/div>\n<\/div>\n<\/div>\n
\n
\n
for what’s<\/div>\n<\/div>\n<\/div>\n
\n
\n
going to happen and i think the the<\/div>\n<\/div>\n<\/div>\n
\n
\n
uh thickness of the order book the<\/div>\n<\/div>\n<\/div>\n
\n
\n
volume actually helps me there a lot<\/div>\n<\/div>\n<\/div>\n
\n
\n
um you know i don’t feel like it’s just<\/div>\n<\/div>\n<\/div>\n
\n
\n
going to really snap back<\/div>\n<\/div>\n<\/div>\n
\n
\n
without some sort of catalyst and get me<\/div>\n<\/div>\n<\/div>\n
\n
\n
completely chopped up<\/div>\n<\/div>\n<\/div>\n
\n
\n
um so this is a trade like i say that i<\/div>\n<\/div>\n<\/div>\n
\n
\n
entered very early<\/div>\n<\/div>\n<\/div>\n
\n
\n
on strong confirmation of of s1 and a<\/div>\n<\/div>\n<\/div>\n
\n
\n
sharp move higher this is not something<\/div>\n<\/div>\n<\/div>\n
\n
\n
i<\/div>\n<\/div>\n<\/div>\n
\n
\n
usually do but it’s i like the idea<\/div>\n<\/div>\n<\/div>\n
\n
\n
i am working on refining ways to<\/div>\n<\/div>\n<\/div>\n
\n
\n
to take advantage of strong morning<\/div>\n<\/div>\n<\/div>\n
\n
\n
drives uh<\/div>\n<\/div>\n<\/div>\n
\n
\n
so that’s something for the you know<\/div>\n<\/div>\n<\/div>\n
\n
\n
the the workbook back there um<\/div>\n<\/div>\n<\/div>\n
\n
\n
in this case like i said there was an<\/div>\n<\/div>\n<\/div>\n
\n
\n
opportunity to add extra<\/div>\n<\/div>\n<\/div>\n
\n
\n
extra tear at 10 a.m um but i was i was<\/div>\n<\/div>\n<\/div>\n
\n
\n
in it full size<\/div>\n<\/div>\n<\/div>\n
\n
\n
and um that was that was fine for me at<\/div>\n<\/div>\n<\/div>\n
\n
\n
that point i i didn’t want to go further<\/div>\n<\/div>\n<\/div>\n
\n
\n
um you know i’m trying to work on this<\/div>\n<\/div>\n<\/div>\n
\n
\n
idea of<\/div>\n<\/div>\n<\/div>\n
\n
\n
uh enough and not having fomo and you<\/div>\n<\/div>\n<\/div>\n
\n
\n
know<\/div>\n<\/div>\n<\/div>\n
\n
\n
there’s trades here that i’m watching<\/div>\n<\/div>\n<\/div>\n
\n
\n
right now that i’m like okay yep that’s<\/div>\n<\/div>\n<\/div>\n
\n
\n
still going and that’s that’s perfectly<\/div>\n<\/div>\n<\/div>\n
\n
\n
fine there are more opportunities out<\/div>\n<\/div>\n<\/div>\n
\n
\n
there so really having this kind of<\/div>\n<\/div>\n<\/div>\n
\n
\n
mindset of there will be another there<\/div>\n<\/div>\n<\/div>\n
\n
\n
will be another there’s no point<\/div>\n<\/div>\n<\/div>\n
\n
\n
worrying about missing out<\/div>\n<\/div>\n<\/div>\n
\n
\n
and and that allows me to sort of free<\/div>\n<\/div>\n<\/div>\n
\n
\n
things up a little bit<\/div>\n<\/div>\n<\/div>\n
\n
\n
um so yeah i like i say i was prepared<\/div>\n<\/div>\n<\/div>\n
\n
\n
to exit<\/div>\n<\/div>\n<\/div>\n
\n
\n
with a failure under vu app um which we<\/div>\n<\/div>\n<\/div>\n
\n
\n
didn’t see there are a couple of tests<\/div>\n<\/div>\n<\/div>\n
\n
\n
for sure<\/div>\n<\/div>\n<\/div>\n
\n
\n
um 800 was also the inflection point and<\/div>\n<\/div>\n<\/div>\n
\n
\n
i was looking for<\/div>\n<\/div>\n<\/div>\n
\n
\n
whether that could sustain through there<\/div>\n<\/div>\n<\/div>\n
\n
\n
as well<\/div>\n<\/div>\n<\/div>\n
\n
\n
but yeah in the end it actually it<\/div>\n<\/div>\n<\/div>\n
\n
\n
actually went through so<\/div>\n<\/div>\n<\/div>\n
\n
\n
that was really great um another<\/div>\n<\/div>\n<\/div>\n
\n
\n
opportunity to add some size between<\/div>\n<\/div>\n<\/div>\n
\n
\n
1005 and 1020<\/div>\n<\/div>\n<\/div>\n
\n
\n
around the 802 so that’s confirming the<\/div>\n<\/div>\n<\/div>\n
\n
\n
inflection point<\/div>\n<\/div>\n<\/div>\n
\n
\n
and probably<\/div>\n<\/div>\n<\/div>\n
\n
\n
could have sized down a little earlier<\/div>\n<\/div>\n<\/div>\n
\n
\n
than i did i have a little tendency to<\/div>\n<\/div>\n<\/div>\n
\n
\n
overstay sometimes you know being the<\/div>\n<\/div>\n<\/div>\n
\n
\n
optimist so<\/div>\n<\/div>\n<\/div>\n
\n
\n
wow my profit target was 8 20 and we<\/div>\n<\/div>\n<\/div>\n
\n
\n
weren’t quite there yet but<\/div>\n<\/div>\n<\/div>\n
\n
\n
you know i think i got out at the right<\/div>\n<\/div>\n<\/div>\n
\n
\n
time in the end and i<\/div>\n<\/div>\n<\/div>\n
\n
\n
was actually pretty happy with that kind<\/div>\n<\/div>\n<\/div>\n
\n
\n
of flat line for the rest of the day<\/div>\n<\/div>\n<\/div>\n
\n
\n
pretty new to this i have a long way to<\/div>\n<\/div>\n<\/div>\n
\n
\n
improve um now<\/div>\n<\/div>\n<\/div>\n
\n
\n
is is that your baby in the background<\/div>\n<\/div>\n<\/div>\n
\n
\n
yeah yeah yeah she’s<\/div>\n<\/div>\n<\/div>\n
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you are on five months old you are<\/div>\n<\/div>\n<\/div>\n
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unflappable<\/div>\n<\/div>\n<\/div>\n
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a lesser trader would would have gotten<\/div>\n<\/div>\n<\/div>\n
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a little perturbed perhaps<\/div>\n<\/div>\n<\/div>\n
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i’ve had a lot of practice she’s lovely<\/div>\n<\/div>\n<\/div>\n
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and<\/div>\n<\/div>\n<\/div>\n
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it’s a lot of fun but uh yeah man what a<\/div>\n<\/div>\n<\/div>\n
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handful<\/div>\n<\/div>\n<\/div>\n
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\n
so she’s out first uh okay congrats<\/div>\n<\/div>\n<\/div>\n
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yeah so thank you with that in mind<\/div>\n<\/div>\n<\/div>\n
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basically<\/div>\n<\/div>\n<\/div>\n
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i have i have two young kids and they’ll<\/div>\n<\/div>\n<\/div>\n
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bust in at any moment<\/div>\n<\/div>\n<\/div>\n
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at this point and you know probably<\/div>\n<\/div>\n<\/div>\n
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knock down everything we’re doing right<\/div>\n<\/div>\n<\/div>\n
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here as well so<\/div>\n<\/div>\n<\/div>\n
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give it a couple minutes fantastic yeah<\/div>\n<\/div>\n<\/div>\n
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it’s all about the focus<\/div>\n<\/div>\n<\/div>\n
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and um she’s she’s just been such a<\/div>\n<\/div>\n<\/div>\n
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great thing in our lives so we’re we’re<\/div>\n<\/div>\n<\/div>\n
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really stoked<\/div>\n<\/div>\n<\/div>\n
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um so with that in mind baby steps<\/div>\n<\/div>\n<\/div>\n
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basically i’m trying to just iterate<\/div>\n<\/div>\n<\/div>\n
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you know regularly very slowly in<\/div>\n<\/div>\n<\/div>\n
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incremental ways<\/div>\n<\/div>\n<\/div>\n
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um just like you know my daughter goes<\/div>\n<\/div>\n<\/div>\n
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from<\/div>\n<\/div>\n<\/div>\n
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flopping around on the ground to rolling<\/div>\n<\/div>\n<\/div>\n
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over to now i can sit up now i can crawl<\/div>\n<\/div>\n<\/div>\n
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little bits at a time and to me that’s<\/div>\n<\/div>\n<\/div>\n
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that’s actually been the most powerful<\/div>\n<\/div>\n<\/div>\n
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thing<\/div>\n<\/div>\n<\/div>\n
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um that i took from all the s p training<\/div>\n<\/div>\n<\/div>\n
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stuff is like there’s so many things to<\/div>\n<\/div>\n<\/div>\n
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do there’s so much<\/div>\n<\/div>\n<\/div>\n
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uh area for improvement for me basically<\/div>\n<\/div>\n<\/div>\n
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but i thought look let’s start really<\/div>\n<\/div>\n<\/div>\n
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basic<\/div>\n<\/div>\n<\/div>\n
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and there’s a long list of things that i<\/div>\n<\/div>\n<\/div>\n
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know i can still improve on<\/div>\n<\/div>\n<\/div>\n
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and i’m excited because hey like it’s<\/div>\n<\/div>\n<\/div>\n
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great i’m doing the things that i<\/div>\n<\/div>\n<\/div>\n
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focused on doing now<\/div>\n<\/div>\n<\/div>\n
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and i’m seeing a little bit of success<\/div>\n<\/div>\n<\/div>\n
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and what i’ll do over time is just fold<\/div>\n<\/div>\n<\/div>\n
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in<\/div>\n<\/div>\n<\/div>\n
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those new elements you know i’m going to<\/div>\n<\/div>\n<\/div>\n
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improve this little little part i’m<\/div>\n<\/div>\n<\/div>\n
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going to improve that little part<\/div>\n<\/div>\n<\/div>\n
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i’m pretty happy with the approach that<\/div>\n<\/div>\n<\/div>\n
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i’ve taken here<\/div>\n<\/div>\n<\/div>\n
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um it’s for me i work really well with a<\/div>\n<\/div>\n<\/div>\n
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structured routine<\/div>\n<\/div>\n<\/div>\n
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um and reflecting on that regularly i<\/div>\n<\/div>\n<\/div>\n
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actually need to sort of get away<\/div>\n<\/div>\n<\/div>\n
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step back um go do some meditation etc<\/div>\n<\/div>\n<\/div>\n
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to really sort of bed that in and so<\/div>\n<\/div>\n<\/div>\n
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each day<\/div>\n<\/div>\n<\/div>\n
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i’ll remove something that doesn’t work<\/div>\n<\/div>\n<\/div>\n
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and i’ll bring something in that does<\/div>\n<\/div>\n<\/div>\n
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and try it out and if it doesn’t work<\/div>\n<\/div>\n<\/div>\n
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i’ll remove it the next day so<\/div>\n<\/div>\n<\/div>\n
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\n
kind of low overhead way to improve the<\/div>\n<\/div>\n<\/div>\n
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process<\/div>\n<\/div>\n<\/div>\n
\n
\n
important to me has been sort of like<\/div>\n<\/div>\n<\/div>\n
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maintaining the positive mindset uh<\/div>\n<\/div>\n<\/div>\n
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\n
you mentioned about um shark trying to<\/div>\n<\/div>\n<\/div>\n
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trade with less stress<\/div>\n<\/div>\n<\/div>\n
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\n
and that’s that’s something i i heard uh<\/div>\n<\/div>\n<\/div>\n
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i might have heard you say in one of the<\/div>\n<\/div>\n<\/div>\n
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youtube videos but<\/div>\n<\/div>\n<\/div>\n
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basically that’s something that’s like<\/div>\n<\/div>\n<\/div>\n
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actually that’s a really great idea<\/div>\n<\/div>\n<\/div>\n
\n
\n
we had a virtual happy hour yesterday<\/div>\n<\/div>\n<\/div>\n
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\n
and we were talking about<\/div>\n<\/div>\n<\/div>\n
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\n
hey what are some of the things that<\/div>\n<\/div>\n<\/div>\n
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people are doing to that are really<\/div>\n<\/div>\n<\/div>\n
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\n
helping them<\/div>\n<\/div>\n<\/div>\n
\n
\n
and you know it seems counterintuitive<\/div>\n<\/div>\n<\/div>\n
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\n
that<\/div>\n<\/div>\n<\/div>\n
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\n
a huge great trader like shark would be<\/div>\n<\/div>\n<\/div>\n
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\n
working<\/div>\n<\/div>\n<\/div>\n
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on de-stressing<\/div>\n<\/div>\n<\/div>\n
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be working on limiting his stress i<\/div>\n<\/div>\n<\/div>\n
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think there would be a thought that<\/div>\n<\/div>\n<\/div>\n
\n
\n
big traders large traders<\/div>\n<\/div>\n<\/div>\n
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\n
they have to get used to handling a lot<\/div>\n<\/div>\n<\/div>\n
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\n
of stress<\/div>\n<\/div>\n<\/div>\n
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i would think that that would be the<\/div>\n<\/div>\n<\/div>\n
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thought that most people have<\/div>\n<\/div>\n<\/div>\n
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\n
as i become this bigger better trader i<\/div>\n<\/div>\n<\/div>\n
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have to just get used to<\/div>\n<\/div>\n<\/div>\n
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holding bigger size and holding through<\/div>\n<\/div>\n<\/div>\n
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pain<\/div>\n<\/div>\n<\/div>\n
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and dealing with some fluctuations in p<\/div>\n<\/div>\n<\/div>\n
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l and it turns out all of the elite<\/div>\n<\/div>\n<\/div>\n
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traders<\/div>\n<\/div>\n<\/div>\n
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that we have at the firm and that we<\/div>\n<\/div>\n<\/div>\n
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work with outside the firm<\/div>\n<\/div>\n<\/div>\n
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all of them to a person are working<\/div>\n<\/div>\n<\/div>\n
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on making their trading less stressful<\/div>\n<\/div>\n<\/div>\n
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and all of them as they make their<\/div>\n<\/div>\n<\/div>\n
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trading less stressful<\/div>\n<\/div>\n<\/div>\n
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are making more money i would tend to<\/div>\n<\/div>\n<\/div>\n
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\n
agree with that<\/div>\n<\/div>\n<\/div>\n
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\n
um from from what i’ve seen like many<\/div>\n<\/div>\n<\/div>\n
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many nights<\/div>\n<\/div>\n<\/div>\n
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now like one of my goals has been you<\/div>\n<\/div>\n<\/div>\n
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know basically<\/div>\n<\/div>\n<\/div>\n
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have fun you know take it easy<\/div>\n<\/div>\n<\/div>\n
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\n
don’t worry too much about these kind of<\/div>\n<\/div>\n<\/div>\n
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\n
you know little things that set you off<\/div>\n<\/div>\n<\/div>\n
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um and yeah no it’s it’s really great to<\/div>\n<\/div>\n<\/div>\n
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\n
buy since<\/div>\n<\/div>\n<\/div>\n
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\n
it’s been super helpful um so yeah like<\/div>\n<\/div>\n<\/div>\n
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\n
a big part of this<\/div>\n<\/div>\n<\/div>\n
\n
\n
methodology or routine that i have my<\/div>\n<\/div>\n<\/div>\n
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\n
son says your meditation is helping<\/div>\n<\/div>\n<\/div>\n
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\n
quite a bit<\/div>\n<\/div>\n<\/div>\n
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\n
oh yeah i i find that<\/div>\n<\/div>\n<\/div>\n
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when i skip some sessions and<\/div>\n<\/div>\n<\/div>\n
\n
\n
my i do more mindfulness training that<\/div>\n<\/div>\n<\/div>\n
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\n
you know when i’m hitting my mindfulness<\/div>\n<\/div>\n<\/div>\n
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\n
sessions<\/div>\n<\/div>\n<\/div>\n
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\n
day in and day out i’m literally a<\/div>\n<\/div>\n<\/div>\n
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different person<\/div>\n<\/div>\n<\/div>\n
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\n
and maybe carlton contest to this i’m<\/div>\n<\/div>\n<\/div>\n
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literally<\/div>\n<\/div>\n<\/div>\n
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\n
our floor manager i’m literally a<\/div>\n<\/div>\n<\/div>\n
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\n
different person when i’m hitting<\/div>\n<\/div>\n<\/div>\n
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\n
my mindfulness sessions day after day<\/div>\n<\/div>\n<\/div>\n
\n
\n
after day after day then as opposed to i<\/div>\n<\/div>\n<\/div>\n
\n
\n
miss a couple of days i feel it in my<\/div>\n<\/div>\n<\/div>\n
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body now<\/div>\n<\/div>\n<\/div>\n
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feeling the way i think um<\/div>\n<\/div>\n<\/div>\n
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\n
much more productive when i’m hitting my<\/div>\n<\/div>\n<\/div>\n
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\n
mindfulness<\/div>\n<\/div>\n<\/div>\n
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uh day in and day out and it’s think<\/div>\n<\/div>\n<\/div>\n
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much better<\/div>\n<\/div>\n<\/div>\n
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much more focused i can sustain my focus<\/div>\n<\/div>\n<\/div>\n
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for longer periods of time<\/div>\n<\/div>\n<\/div>\n
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\n
more open-minded uh able to take<\/div>\n<\/div>\n<\/div>\n
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advantage of<\/div>\n<\/div>\n<\/div>\n
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the exciting opportunities in the<\/div>\n<\/div>\n<\/div>\n
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\n
marketplace better<\/div>\n<\/div>\n<\/div>\n
\n
\n
because i’m in a better mindset i<\/div>\n<\/div>\n<\/div>\n
\n
\n
couldn’t agree more that was something i<\/div>\n<\/div>\n<\/div>\n
\n
\n
realized pretty early on<\/div>\n<\/div>\n<\/div>\n
\n
\n
that um for me doubling down on the<\/div>\n<\/div>\n<\/div>\n
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meditation was<\/div>\n<\/div>\n<\/div>\n
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\n
was going to be a really big lever a<\/div>\n<\/div>\n<\/div>\n
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\n
strong pathway for improvement and<\/div>\n<\/div>\n<\/div>\n
\n
\n
i’m on i’m on like a 40-day streak and i<\/div>\n<\/div>\n<\/div>\n
\n
\n
basically hadn’t been doing any before<\/div>\n<\/div>\n<\/div>\n
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\n
that right now so<\/div>\n<\/div>\n<\/div>\n
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\n
um i will i’ll be keeping on with that<\/div>\n<\/div>\n<\/div>\n
\n
\n
that’s one of the last things that i<\/div>\n<\/div>\n<\/div>\n
\n
\n
will change<\/div>\n<\/div>\n<\/div>\n
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\n
if anything i would do more don’t<\/div>\n<\/div>\n<\/div>\n
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don’t break this don’t break the chain i<\/div>\n<\/div>\n<\/div>\n
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\n
know exactly thank you<\/div>\n<\/div>\n<\/div>\n
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\n
jerry seinfeld um so yeah<\/div>\n<\/div>\n<\/div>\n
\n
\n
writing in my journal a lot it helps me<\/div>\n<\/div>\n<\/div>\n
\n
\n
in conjunction with the meditation<\/div>\n<\/div>\n<\/div>\n
\n
\n
um i use it as a sort of tool to stop me<\/div>\n<\/div>\n<\/div>\n
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\n
jumping into things when i when i feel<\/div>\n<\/div>\n<\/div>\n
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\n
like i’m getting a bit like oh you know<\/div>\n<\/div>\n<\/div>\n
\n
\n
chasey um it also helps me get thoughts<\/div>\n<\/div>\n<\/div>\n
\n
\n
out onto the page which gives me clarity<\/div>\n<\/div>\n<\/div>\n
\n
\n
which which usually leads to better<\/div>\n<\/div>\n<\/div>\n
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results<\/div>\n<\/div>\n<\/div>\n
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\n
um just even if it’s avoiding trades<\/div>\n<\/div>\n<\/div>\n
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that<\/div>\n<\/div>\n<\/div>\n
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you know look good at the moment and get<\/div>\n<\/div>\n<\/div>\n
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you excited and you know that that’s<\/div>\n<\/div>\n<\/div>\n
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\n
that’s been something i’ve worked on for<\/div>\n<\/div>\n<\/div>\n
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sure<\/div>\n<\/div>\n<\/div>\n
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writing my goals before bed that’s<\/div>\n<\/div>\n<\/div>\n
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definitely<\/div>\n<\/div>\n<\/div>\n
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\n
been useful and reading it first thing<\/div>\n<\/div>\n<\/div>\n
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um<\/div>\n<\/div>\n<\/div>\n
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i used to you know have like a page you<\/div>\n<\/div>\n<\/div>\n
\n
\n
know page full of goals and now i’ve<\/div>\n<\/div>\n<\/div>\n
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\n
really just refined it down to<\/div>\n<\/div>\n<\/div>\n
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\n
two or three things um and that’s helped<\/div>\n<\/div>\n<\/div>\n
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\n
a lot usually it includes like<\/div>\n<\/div>\n<\/div>\n
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\n
be consistent you know uh be<\/div>\n<\/div>\n<\/div>\n
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\n
consistently profitable is ideal but<\/div>\n<\/div>\n<\/div>\n
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consistent first in the process<\/div>\n<\/div>\n<\/div>\n
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um focusing on process<\/div>\n<\/div>\n<\/div>\n
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\n
um so in conjunction with the meditation<\/div>\n<\/div>\n<\/div>\n
\n
\n
my uh approach to managing my<\/div>\n<\/div>\n<\/div>\n
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\n
like emotional state um is to sort of<\/div>\n<\/div>\n<\/div>\n
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\n
burn off excess energy or nerves<\/div>\n<\/div>\n<\/div>\n
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\n
with with like push-ups or chin-ups or<\/div>\n<\/div>\n<\/div>\n
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like whatever do some squats jump around<\/div>\n<\/div>\n<\/div>\n
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just<\/div>\n<\/div>\n<\/div>\n
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get out the energy and then again it<\/div>\n<\/div>\n<\/div>\n
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allows me to sort of be more<\/div>\n<\/div>\n<\/div>\n
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clear-minded<\/div>\n<\/div>\n<\/div>\n
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um and the last one here that’s been<\/div>\n<\/div>\n<\/div>\n
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super super important<\/div>\n<\/div>\n<\/div>\n
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is like trader view has been my second<\/div>\n<\/div>\n<\/div>\n
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best investment<\/div>\n<\/div>\n<\/div>\n
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after the dna course it’s really just<\/div>\n<\/div>\n<\/div>\n
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shined a light on<\/div>\n<\/div>\n<\/div>\n
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hey go and do more of this go do more of<\/div>\n<\/div>\n<\/div>\n
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that like oh you’re making like twice as<\/div>\n<\/div>\n<\/div>\n
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much out of options<\/div>\n<\/div>\n<\/div>\n
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go and learn more about options like<\/div>\n<\/div>\n<\/div>\n
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okay good this is really<\/div>\n<\/div>\n<\/div>\n
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handy stuff to know and it’s actionable<\/div>\n<\/div>\n<\/div>\n
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um<\/div>\n<\/div>\n<\/div>\n
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so yeah that’s where i’m at and super<\/div>\n<\/div>\n<\/div>\n
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excited to<\/div>\n<\/div>\n<\/div>\n
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be part of all this and what a great<\/div>\n<\/div>\n<\/div>\n
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time to be alive<\/div>\n<\/div>\n<\/div>\n
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sam well great job making a change very<\/div>\n<\/div>\n<\/div>\n
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excited for you<\/div>\n<\/div>\n<\/div>\n
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really appreciate your contribution to<\/div>\n<\/div>\n<\/div>\n
\n
\n
the trading community right here<\/div>\n<\/div>\n<\/div>\n
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hey go ahead and click our subscribe<\/div>\n<\/div>\n<\/div>\n
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\"\"<\/a><\/p>\n

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

In this video, learn how this independent retail trader went from losing money to trading profitably. 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