{"id":51323,"date":"2021-08-06T11:41:14","date_gmt":"2021-08-06T15:41:14","guid":{"rendered":"https:\/\/www.smbtraining.com\/blog\/?p=51323"},"modified":"2023-04-13T09:48:02","modified_gmt":"2023-04-13T13:48:02","slug":"how-this-part-time-trader-rebounded-to-prop-firm-trader-part-1","status":"publish","type":"post","link":"https:\/\/www.smbtraining.com\/blog\/how-this-part-time-trader-rebounded-to-prop-firm-trader-part-1","title":{"rendered":"How This Part-Time Trader Rebounded to Prop Firm Trader"},"content":{"rendered":"

In this video, learn how a former part-time retail trader, who blew up his trading account, rebounded to become a prop firm. A firm trader shares his turnaround from blowing up his retail trading account to landing a seat on our trading desk.<\/p>\nView Video Transcript<\/strong><\/span>

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in this video you’ll learn how a former<\/div>\n<\/div>\n<\/div>\n
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part-time retail trader<\/div>\n<\/div>\n<\/div>\n
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who blew up his trading account<\/div>\n<\/div>\n<\/div>\n
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rebounded to become a firm prop trader<\/div>\n<\/div>\n<\/div>\n
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hi i’m mike bella fury co-founder of smb<\/div>\n<\/div>\n<\/div>\n
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capital and we’re a proprietary trading<\/div>\n<\/div>\n<\/div>\n
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firm located in midtown manhattan<\/div>\n<\/div>\n<\/div>\n
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and i’m also the author of the trading<\/div>\n<\/div>\n<\/div>\n
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classic one good trade and the playbook<\/div>\n<\/div>\n<\/div>\n
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in this video a firm trader<\/div>\n<\/div>\n<\/div>\n
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shares his turnaround from blowing up<\/div>\n<\/div>\n<\/div>\n
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his retail trading account<\/div>\n<\/div>\n<\/div>\n
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to landing a seat on our trading desk<\/div>\n<\/div>\n<\/div>\n
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let’s get to work on sharing this<\/div>\n<\/div>\n<\/div>\n
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inspiring trading story<\/div>\n<\/div>\n<\/div>\n
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for the trading community so you can<\/div>\n<\/div>\n<\/div>\n
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grow your trading account<\/div>\n<\/div>\n<\/div>\n
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so scott appreciate you joining us again<\/div>\n<\/div>\n<\/div>\n
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and and sharing your thoughts with the<\/div>\n<\/div>\n<\/div>\n
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trading community can you please remind<\/div>\n<\/div>\n<\/div>\n
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us<\/div>\n<\/div>\n<\/div>\n
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about the last time that you presented<\/div>\n<\/div>\n<\/div>\n
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to the trading community and where<\/div>\n<\/div>\n<\/div>\n
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you’re at in your trading<\/div>\n<\/div>\n<\/div>\n
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yeah so the last time we talked mike we<\/div>\n<\/div>\n<\/div>\n
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had done a video<\/div>\n<\/div>\n<\/div>\n
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after you reached out to me when i had<\/div>\n<\/div>\n<\/div>\n
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taken a big hit<\/div>\n<\/div>\n<\/div>\n
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uh shorting codx<\/div>\n<\/div>\n<\/div>\n
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back when the kovid names were running<\/div>\n<\/div>\n<\/div>\n
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and<\/div>\n<\/div>\n<\/div>\n
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so we got together did a youtube video<\/div>\n<\/div>\n<\/div>\n
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and discussed how that played out and<\/div>\n<\/div>\n<\/div>\n
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lessons learned<\/div>\n<\/div>\n<\/div>\n
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etc and so since then<\/div>\n<\/div>\n<\/div>\n
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i’ve basically been kind of grinding<\/div>\n<\/div>\n<\/div>\n
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back<\/div>\n<\/div>\n<\/div>\n
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trading and just continuously learning<\/div>\n<\/div>\n<\/div>\n
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studying um that’s when i got into<\/div>\n<\/div>\n<\/div>\n
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smb dna let me just cut in a little bit<\/div>\n<\/div>\n<\/div>\n
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so i<\/div>\n<\/div>\n<\/div>\n
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you did a video and hopefully we’ll<\/div>\n<\/div>\n<\/div>\n
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we’ll link the video<\/div>\n<\/div>\n<\/div>\n
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uh here you video how a part-time<\/div>\n<\/div>\n<\/div>\n
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profitable trader<\/div>\n<\/div>\n<\/div>\n
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agonizingly blew up his trading account<\/div>\n<\/div>\n<\/div>\n
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so you never<\/div>\n<\/div>\n<\/div>\n
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do and you shared that experience with<\/div>\n<\/div>\n<\/div>\n
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us<\/div>\n<\/div>\n<\/div>\n
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which is not the easiest thing to do and<\/div>\n<\/div>\n<\/div>\n
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then you talked about<\/div>\n<\/div>\n<\/div>\n
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hey let me come up with some plans for a<\/div>\n<\/div>\n<\/div>\n
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comeback<\/div>\n<\/div>\n<\/div>\n
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and so since that time can you walk us<\/div>\n<\/div>\n<\/div>\n
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through<\/div>\n<\/div>\n<\/div>\n
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what you’ve done since then yeah so it<\/div>\n<\/div>\n<\/div>\n
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to me it’s just a continuous learning<\/div>\n<\/div>\n<\/div>\n
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process so<\/div>\n<\/div>\n<\/div>\n
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understanding how small cap momentum<\/div>\n<\/div>\n<\/div>\n
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names run<\/div>\n<\/div>\n<\/div>\n
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and uh which you know there’s times<\/div>\n<\/div>\n<\/div>\n
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where there’s small caps that run<\/div>\n<\/div>\n<\/div>\n
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several hundred percentage points and<\/div>\n<\/div>\n<\/div>\n
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you know if you’re shorting those too<\/div>\n<\/div>\n<\/div>\n
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early you can get really hurt and just<\/div>\n<\/div>\n<\/div>\n
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understanding how they operate which is<\/div>\n<\/div>\n<\/div>\n
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different than big cap names<\/div>\n<\/div>\n<\/div>\n
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was something really important that i<\/div>\n<\/div>\n<\/div>\n
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learned out of that<\/div>\n<\/div>\n<\/div>\n
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process and to me it’s just a<\/div>\n<\/div>\n<\/div>\n
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continuously learning trying to<\/div>\n<\/div>\n<\/div>\n
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understand<\/div>\n<\/div>\n<\/div>\n
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how other traders trade you know how to<\/div>\n<\/div>\n<\/div>\n
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be successful<\/div>\n<\/div>\n<\/div>\n
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in different areas of the market so<\/div>\n<\/div>\n<\/div>\n
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that’s kind of the main thing that i do<\/div>\n<\/div>\n<\/div>\n
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is continuously<\/div>\n<\/div>\n<\/div>\n
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watch videos or read uh<\/div>\n<\/div>\n<\/div>\n
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books and podcasts etc to try to learn<\/div>\n<\/div>\n<\/div>\n
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and become a better trader and you know<\/div>\n<\/div>\n<\/div>\n
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i’m still<\/div>\n<\/div>\n<\/div>\n
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a work in progress i mean i still have a<\/div>\n<\/div>\n<\/div>\n
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lot of things that i that i need to work<\/div>\n<\/div>\n<\/div>\n
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on<\/div>\n<\/div>\n<\/div>\n
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to this day and since that time<\/div>\n<\/div>\n<\/div>\n
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you’ve since earned a seat on the<\/div>\n<\/div>\n<\/div>\n
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trading desk and perhaps you can walk us<\/div>\n<\/div>\n<\/div>\n
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through<\/div>\n<\/div>\n<\/div>\n
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how you went from that past video to now<\/div>\n<\/div>\n<\/div>\n
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earning a seat on the desk<\/div>\n<\/div>\n<\/div>\n
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if you want to learn three more real<\/div>\n<\/div>\n<\/div>\n
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world setups that our traders use<\/div>\n<\/div>\n<\/div>\n
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including the simple setup that we teach<\/div>\n<\/div>\n<\/div>\n
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all of our new traders<\/div>\n<\/div>\n<\/div>\n
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and the setup that turned one of our<\/div>\n<\/div>\n<\/div>\n
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traders into a seven figure<\/div>\n<\/div>\n<\/div>\n
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big money earner check out the free<\/div>\n<\/div>\n<\/div>\n
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webinar that we’re currently running<\/div>\n<\/div>\n<\/div>\n
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just go ahead and click the link that<\/div>\n<\/div>\n<\/div>\n
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should be appearing now<\/div>\n<\/div>\n<\/div>\n
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at the top right hand corner of your<\/div>\n<\/div>\n<\/div>\n
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screen that will open up the free<\/div>\n<\/div>\n<\/div>\n
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registration page in a new window so<\/div>\n<\/div>\n<\/div>\n
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don’t worry<\/div>\n<\/div>\n<\/div>\n
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you won’t lose this video you can also<\/div>\n<\/div>\n<\/div>\n
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visit<\/div>\n<\/div>\n<\/div>\n
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tradingworkshop.com to register for this<\/div>\n<\/div>\n<\/div>\n
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free intensive workshop<\/div>\n<\/div>\n<\/div>\n
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you’re going to learn more in a couple<\/div>\n<\/div>\n<\/div>\n
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of hours from this trading workshop<\/div>\n<\/div>\n<\/div>\n
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than from years of online education yeah<\/div>\n<\/div>\n<\/div>\n
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so as part of that learning process<\/div>\n<\/div>\n<\/div>\n
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one of the things i did was sign up for<\/div>\n<\/div>\n<\/div>\n
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the smb dna<\/div>\n<\/div>\n<\/div>\n
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program to learn you know what<\/div>\n<\/div>\n<\/div>\n
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professional traders do<\/div>\n<\/div>\n<\/div>\n
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and part and then so once i completed<\/div>\n<\/div>\n<\/div>\n
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the s b dna<\/div>\n<\/div>\n<\/div>\n
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i got an email for the winning trader<\/div>\n<\/div>\n<\/div>\n
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which is a more detailed<\/div>\n<\/div>\n<\/div>\n
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program to help you become a better<\/div>\n<\/div>\n<\/div>\n
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trader<\/div>\n<\/div>\n<\/div>\n
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and so i took both those programs just<\/div>\n<\/div>\n<\/div>\n
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just to learn and understand<\/div>\n<\/div>\n<\/div>\n
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more things about trading that i didn’t<\/div>\n<\/div>\n<\/div>\n
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understand at that time in my trading<\/div>\n<\/div>\n<\/div>\n
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career and then as a follow-on to that<\/div>\n<\/div>\n<\/div>\n
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there was an offer that sent out via<\/div>\n<\/div>\n<\/div>\n
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email to participate in a<\/div>\n<\/div>\n<\/div>\n
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equity tryout program for the firm<\/div>\n<\/div>\n<\/div>\n
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in which you trade a demo account for<\/div>\n<\/div>\n<\/div>\n
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several months and if you do well enough<\/div>\n<\/div>\n<\/div>\n
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then they offer you a remote trader<\/div>\n<\/div>\n<\/div>\n
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position<\/div>\n<\/div>\n<\/div>\n
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and that sounded like something that i<\/div>\n<\/div>\n<\/div>\n
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was interested in<\/div>\n<\/div>\n<\/div>\n
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and so i went through that process and<\/div>\n<\/div>\n<\/div>\n
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completed that<\/div>\n<\/div>\n<\/div>\n
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and emailed the firm and and kind of<\/div>\n<\/div>\n<\/div>\n
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went through the process and i was<\/div>\n<\/div>\n<\/div>\n
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offered a remote trader position and so<\/div>\n<\/div>\n<\/div>\n
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i’m still<\/div>\n<\/div>\n<\/div>\n
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i’m traded this is my beginning of the<\/div>\n<\/div>\n<\/div>\n
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third month<\/div>\n<\/div>\n<\/div>\n
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trading for the firm a live account okay<\/div>\n<\/div>\n<\/div>\n
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and that’s a little that’s unusual so<\/div>\n<\/div>\n<\/div>\n
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most of the traders who we hire at the<\/div>\n<\/div>\n<\/div>\n
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firm<\/div>\n<\/div>\n<\/div>\n
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intern with us when they’re in college<\/div>\n<\/div>\n<\/div>\n
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and then they stand out and the best<\/div>\n<\/div>\n<\/div>\n
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interns are<\/div>\n<\/div>\n<\/div>\n
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offered a spot on the desk after they<\/div>\n<\/div>\n<\/div>\n
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graduate from college but<\/div>\n<\/div>\n<\/div>\n
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you know one of the things we’ve done at<\/div>\n<\/div>\n<\/div>\n
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the firm is created a<\/div>\n<\/div>\n<\/div>\n
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education arm called smb training and<\/div>\n<\/div>\n<\/div>\n
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one of the<\/div>\n<\/div>\n<\/div>\n
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positives and benefits of sme training<\/div>\n<\/div>\n<\/div>\n
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is there can be a path<\/div>\n<\/div>\n<\/div>\n
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for the most serious the most dedicated<\/div>\n<\/div>\n<\/div>\n
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of students the most diligent of<\/div>\n<\/div>\n<\/div>\n
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students<\/div>\n<\/div>\n<\/div>\n
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to interview and<\/div>\n<\/div>\n<\/div>\n
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gain a seat on the desk and get their<\/div>\n<\/div>\n<\/div>\n
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hands on firm capital<\/div>\n<\/div>\n<\/div>\n
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and firm resources and firm technology<\/div>\n<\/div>\n<\/div>\n
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and so you are an example of somebody<\/div>\n<\/div>\n<\/div>\n
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who<\/div>\n<\/div>\n<\/div>\n
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i i i guess there’s a front way there’s<\/div>\n<\/div>\n<\/div>\n
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a front door<\/div>\n<\/div>\n<\/div>\n
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into the firm and then there’s a back<\/div>\n<\/div>\n<\/div>\n
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door into the firm<\/div>\n<\/div>\n<\/div>\n
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or there’s another way into the firm or<\/div>\n<\/div>\n<\/div>\n
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there’s another way through the front<\/div>\n<\/div>\n<\/div>\n
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door and<\/div>\n<\/div>\n<\/div>\n
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it seems like you came through the smb<\/div>\n<\/div>\n<\/div>\n
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training<\/div>\n<\/div>\n<\/div>\n
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arm to to get into the firm is is that<\/div>\n<\/div>\n<\/div>\n
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accurate<\/div>\n<\/div>\n<\/div>\n
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yes yes it is how long did that entire<\/div>\n<\/div>\n<\/div>\n
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process take you<\/div>\n<\/div>\n<\/div>\n
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i think it was about a year when i<\/div>\n<\/div>\n<\/div>\n
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started the smb dna to when i actually<\/div>\n<\/div>\n<\/div>\n
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got hired all right great and so<\/div>\n<\/div>\n<\/div>\n
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you you now trade at the firm and you’re<\/div>\n<\/div>\n<\/div>\n
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trading remotely<\/div>\n<\/div>\n<\/div>\n
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yeah i live in the panhandle of florida<\/div>\n<\/div>\n<\/div>\n
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a town called crestview<\/div>\n<\/div>\n<\/div>\n
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and i actually haven’t i want to make it<\/div>\n<\/div>\n<\/div>\n
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up to new york and<\/div>\n<\/div>\n<\/div>\n
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sometime in the near future to kind of<\/div>\n<\/div>\n<\/div>\n
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meet everybody because it is it’s it’s<\/div>\n<\/div>\n<\/div>\n
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different when you’re<\/div>\n<\/div>\n<\/div>\n
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just kind of isolated and not<\/div>\n<\/div>\n<\/div>\n
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uh not be able to see the other traders<\/div>\n<\/div>\n<\/div>\n
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at the firm so i definitely kind of miss<\/div>\n<\/div>\n<\/div>\n
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that community aspect i would like to<\/div>\n<\/div>\n<\/div>\n
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connect um in person with<\/div>\n<\/div>\n<\/div>\n
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some of the firm traders all right great<\/div>\n<\/div>\n<\/div>\n
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so<\/div>\n<\/div>\n<\/div>\n
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you know you blew up an account that<\/div>\n<\/div>\n<\/div>\n
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obviously didn’t feel very good you<\/div>\n<\/div>\n<\/div>\n
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shared that with the community you<\/div>\n<\/div>\n<\/div>\n
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started to<\/div>\n<\/div>\n<\/div>\n
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to take some actions to<\/div>\n<\/div>\n<\/div>\n
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come back and and and have another<\/div>\n<\/div>\n<\/div>\n
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chance<\/div>\n<\/div>\n<\/div>\n
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i’m wondering what helped you the most<\/div>\n<\/div>\n<\/div>\n
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from<\/div>\n<\/div>\n<\/div>\n
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blow up to<\/div>\n<\/div>\n<\/div>\n
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being successful with your comeback or<\/div>\n<\/div>\n<\/div>\n
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at least being successful to<\/div>\n<\/div>\n<\/div>\n
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to get to the place where now you’re<\/div>\n<\/div>\n<\/div>\n
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trading on the desk<\/div>\n<\/div>\n<\/div>\n
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yeah i mean i think the main thing is<\/div>\n<\/div>\n<\/div>\n
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just respecting the market<\/div>\n<\/div>\n<\/div>\n
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and in the market action um i i still to<\/div>\n<\/div>\n<\/div>\n
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this day<\/div>\n<\/div>\n<\/div>\n
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struggle and i just kind of want to<\/div>\n<\/div>\n<\/div>\n
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um kind of tangent off yesterday we had<\/div>\n<\/div>\n<\/div>\n
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i believe his name was<\/div>\n<\/div>\n<\/div>\n
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um gleb who<\/div>\n<\/div>\n<\/div>\n
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[Music]<\/div>\n<\/div>\n<\/div>\n
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trades on team shark and he did<\/div>\n<\/div>\n<\/div>\n
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kind of a i think it’s these guys<\/div>\n<\/div>\n<\/div>\n
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are good yesterday afternoon and<\/div>\n<\/div>\n<\/div>\n
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something that he said<\/div>\n<\/div>\n<\/div>\n
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really resonated with me he said that<\/div>\n<\/div>\n<\/div>\n
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when he started out<\/div>\n<\/div>\n<\/div>\n
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he was kind of putting on a lot of size<\/div>\n<\/div>\n<\/div>\n
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when he probably shouldn’t have been in<\/div>\n<\/div>\n<\/div>\n
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less uh<\/div>\n<\/div>\n<\/div>\n
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you know less than a plus setups and<\/div>\n<\/div>\n<\/div>\n
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and so his his thing was just going too<\/div>\n<\/div>\n<\/div>\n
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big<\/div>\n<\/div>\n<\/div>\n
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and and kind of maybe impulse trading<\/div>\n<\/div>\n<\/div>\n
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where other people on the spectrum have<\/div>\n<\/div>\n<\/div>\n
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a<\/div>\n<\/div>\n<\/div>\n
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problem putting on size and scaling up<\/div>\n<\/div>\n<\/div>\n
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and i believe i fall on the same<\/div>\n<\/div>\n<\/div>\n
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spectrum he does in a sense that it’s<\/div>\n<\/div>\n<\/div>\n
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it’s one of my<\/div>\n<\/div>\n<\/div>\n
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things that i’m constantly dealing with<\/div>\n<\/div>\n<\/div>\n
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is just putting on<\/div>\n<\/div>\n<\/div>\n
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a lot of size and<\/div>\n<\/div>\n<\/div>\n
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but when you do that you know if it goes<\/div>\n<\/div>\n<\/div>\n
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against you a little bit you can hit<\/div>\n<\/div>\n<\/div>\n
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your daily stop<\/div>\n<\/div>\n<\/div>\n
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or exceed it so it’s something that i’m<\/div>\n<\/div>\n<\/div>\n
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doing right now because<\/div>\n<\/div>\n<\/div>\n
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it i’ve had some i’ve been profitable<\/div>\n<\/div>\n<\/div>\n
\n
\n
my first two months at the firm but i’ve<\/div>\n<\/div>\n<\/div>\n
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also had some days<\/div>\n<\/div>\n<\/div>\n
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where i’ve exceeded my daily loss and<\/div>\n<\/div>\n<\/div>\n
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\n
i want to fix that issue but it<\/div>\n<\/div>\n<\/div>\n
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\n
it’s it’s i just know it’s a tendency of<\/div>\n<\/div>\n<\/div>\n
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\n
mine that i’ve got to work on<\/div>\n<\/div>\n<\/div>\n
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is to kind of scale back and kind of<\/div>\n<\/div>\n<\/div>\n
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rain myself in<\/div>\n<\/div>\n<\/div>\n
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\n
unless there’s really good setups but<\/div>\n<\/div>\n<\/div>\n
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i think that’s the main thing is<\/div>\n<\/div>\n<\/div>\n
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\n
respecting market action<\/div>\n<\/div>\n<\/div>\n
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and just trying to be disciplined to<\/div>\n<\/div>\n<\/div>\n
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hold off until the best setups are there<\/div>\n<\/div>\n<\/div>\n
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\n
and that’s not always easy because<\/div>\n<\/div>\n<\/div>\n
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\n
you know you want to come in and trade<\/div>\n<\/div>\n<\/div>\n
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because<\/div>\n<\/div>\n<\/div>\n
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\n
you want to make money but if the trades<\/div>\n<\/div>\n<\/div>\n
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aren’t there<\/div>\n<\/div>\n<\/div>\n
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\n
it’s best to step aside or just really<\/div>\n<\/div>\n<\/div>\n
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\n
scale back<\/div>\n<\/div>\n<\/div>\n
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\n
so that’s something that i’m continuing<\/div>\n<\/div>\n<\/div>\n
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to work on<\/div>\n<\/div>\n<\/div>\n
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\n
to this day i’m not sure you’re supposed<\/div>\n<\/div>\n<\/div>\n
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\n
to tell me that you went over your<\/div>\n<\/div>\n<\/div>\n
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\n
stop-loss<\/div>\n<\/div>\n<\/div>\n
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\n
yeah i wanted to be transparent so<\/div>\n<\/div>\n<\/div>\n
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\n
but we have a risk manager that that<\/div>\n<\/div>\n<\/div>\n
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\n
watches that<\/div>\n<\/div>\n<\/div>\n
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\n
minute by been on my minute-by-minute<\/div>\n<\/div>\n<\/div>\n
\n
\n
trader by trader<\/div>\n<\/div>\n<\/div>\n
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\n
and so when traders<\/div>\n<\/div>\n<\/div>\n
\n
\n
start to come near their number and when<\/div>\n<\/div>\n<\/div>\n
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\n
traders<\/div>\n<\/div>\n<\/div>\n
\n
\n
start to struggle with that then there’s<\/div>\n<\/div>\n<\/div>\n
\n
\n
a risk manager at the firm<\/div>\n<\/div>\n<\/div>\n
\n
\n
that really does work with the trader<\/div>\n<\/div>\n<\/div>\n
\n
\n
the job of the risk manager is to help<\/div>\n<\/div>\n<\/div>\n
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\n
you it’s it’s to help you<\/div>\n<\/div>\n<\/div>\n
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\n
to stay within your loss limits it’s to<\/div>\n<\/div>\n<\/div>\n
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\n
help you not lose too much<\/div>\n<\/div>\n<\/div>\n
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\n
on the days when you’re not seeing the<\/div>\n<\/div>\n<\/div>\n
\n
\n
screens well when you’re just on the<\/div>\n<\/div>\n<\/div>\n
\n
\n
wrong side of trades<\/div>\n<\/div>\n<\/div>\n
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\n
and you know just get you to cut it off<\/div>\n<\/div>\n<\/div>\n
\n
\n
and<\/div>\n<\/div>\n<\/div>\n
\n
\n
take some small losses and and maybe<\/div>\n<\/div>\n<\/div>\n
\n
\n
even just say hey this day beat me<\/div>\n<\/div>\n<\/div>\n
\n
\n
but then there’s a lot of other days in<\/div>\n<\/div>\n<\/div>\n
\n
\n
the<\/div>\n<\/div>\n<\/div>\n
\n
\n
month where you know some of those days<\/div>\n<\/div>\n<\/div>\n
\n
\n
you’re going to be seeing the markets<\/div>\n<\/div>\n<\/div>\n
\n
\n
really well you’re going to be be seeing<\/div>\n<\/div>\n<\/div>\n
\n
\n
the screens really well<\/div>\n<\/div>\n<\/div>\n
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\n
and we want to keep a lot more of those<\/div>\n<\/div>\n<\/div>\n
\n
\n
profits<\/div>\n<\/div>\n<\/div>\n
\n
\n
by making sure we don’t lose too much on<\/div>\n<\/div>\n<\/div>\n
\n
\n
the days where we’re just sort of<\/div>\n<\/div>\n<\/div>\n
\n
\n
not trading that well and i know you<\/div>\n<\/div>\n<\/div>\n
\n
\n
play a lot of basketball<\/div>\n<\/div>\n<\/div>\n
\n
\n
but there’s times i mean if you play<\/div>\n<\/div>\n<\/div>\n
\n
\n
every day during a month or six or five<\/div>\n<\/div>\n<\/div>\n
\n
\n
days a week<\/div>\n<\/div>\n<\/div>\n
\n
\n
during a month there’s going to be some<\/div>\n<\/div>\n<\/div>\n
\n
\n
days you go out there and you just<\/div>\n<\/div>\n<\/div>\n
\n
\n
can’t make a basket you just can’t make<\/div>\n<\/div>\n<\/div>\n
\n
\n
a basket<\/div>\n<\/div>\n<\/div>\n
\n
\n
and it’s not that you just didn’t<\/div>\n<\/div>\n<\/div>\n
\n
\n
practice well<\/div>\n<\/div>\n<\/div>\n
\n
\n
or you stayed up too late at night or<\/div>\n<\/div>\n<\/div>\n
\n
\n
you did something wrong it’s just<\/div>\n<\/div>\n<\/div>\n
\n
\n
that’s that’s a part of being an athlete<\/div>\n<\/div>\n<\/div>\n
\n
\n
you’re just off certain games<\/div>\n<\/div>\n<\/div>\n
\n
\n
and when you’re a trader the same is<\/div>\n<\/div>\n<\/div>\n
\n
\n
true there’s just going to be days where<\/div>\n<\/div>\n<\/div>\n
\n
\n
for whatever reason you get an idea in<\/div>\n<\/div>\n<\/div>\n
\n
\n
your head<\/div>\n<\/div>\n<\/div>\n
\n
\n
and it’s just not the right idea or<\/div>\n<\/div>\n<\/div>\n
\n
\n
you’re just pushing the buttons<\/div>\n<\/div>\n<\/div>\n
\n
\n
you’re executing just at the wrong spot<\/div>\n<\/div>\n<\/div>\n
\n
\n
you don’t have a good feel for the<\/div>\n<\/div>\n<\/div>\n
\n
\n
rhythm of the stock<\/div>\n<\/div>\n<\/div>\n
\n
\n
and you’re just off and you want to make<\/div>\n<\/div>\n<\/div>\n
\n
\n
sure that<\/div>\n<\/div>\n<\/div>\n
\n
\n
those days don’t impact your entire<\/div>\n<\/div>\n<\/div>\n
\n
\n
month<\/div>\n<\/div>\n<\/div>\n
\n
\n
too much yeah absolutely i mean<\/div>\n<\/div>\n<\/div>\n
\n
\n
that’s one of the things that is really<\/div>\n<\/div>\n<\/div>\n
\n
\n
great about<\/div>\n<\/div>\n<\/div>\n
\n
\n
trading for a firm is having the risk<\/div>\n<\/div>\n<\/div>\n
\n
\n
management in place<\/div>\n<\/div>\n<\/div>\n
\n
\n
um because there are days<\/div>\n<\/div>\n<\/div>\n
\n
\n
where you’re just completely off and<\/div>\n<\/div>\n<\/div>\n
\n
\n
there’s days when you’re<\/div>\n<\/div>\n<\/div>\n
\n
\n
you’re completely on and if you’re off<\/div>\n<\/div>\n<\/div>\n
\n
\n
it’s<\/div>\n<\/div>\n<\/div>\n
\n
\n
even if the setups are there you’re just<\/div>\n<\/div>\n<\/div>\n
\n
\n
not seeing things right or your mental<\/div>\n<\/div>\n<\/div>\n
\n
\n
state is off<\/div>\n<\/div>\n<\/div>\n
\n
\n
and you do need to step aside<\/div>\n<\/div>\n<\/div>\n
\n
\n
and you know come back another day<\/div>\n<\/div>\n<\/div>\n
\n
\n
and when you’re in a better mindset<\/div>\n<\/div>\n<\/div>\n
\n
\n
mindset’s huge<\/div>\n<\/div>\n<\/div>\n
\n
\n
yeah and it’s interesting you mentioned<\/div>\n<\/div>\n<\/div>\n
\n
\n
gleb<\/div>\n<\/div>\n<\/div>\n
\n
\n
because super ambitious traitor and and<\/div>\n<\/div>\n<\/div>\n
\n
\n
i remember<\/div>\n<\/div>\n<\/div>\n
\n
\n
him wanting to start really fast and be<\/div>\n<\/div>\n<\/div>\n
\n
\n
at the top of the firm’s leaderboard<\/div>\n<\/div>\n<\/div>\n
\n
\n
perhaps uh sooner than<\/div>\n<\/div>\n<\/div>\n
\n
\n
is possible and and that’s a part of<\/div>\n<\/div>\n<\/div>\n
\n
\n
what we have to do here is get guys to<\/div>\n<\/div>\n<\/div>\n
\n
\n
throttle back<\/div>\n<\/div>\n<\/div>\n
\n
\n
get them to focus on building a really<\/div>\n<\/div>\n<\/div>\n
\n
\n
strong foundation get them to focus on<\/div>\n<\/div>\n<\/div>\n
\n
\n
building their playbook<\/div>\n<\/div>\n<\/div>\n
\n
\n
build a trader that is scalable build a<\/div>\n<\/div>\n<\/div>\n
\n
\n
consistently profitable trader who<\/div>\n<\/div>\n<\/div>\n
\n
\n
controls their risk really well<\/div>\n<\/div>\n<\/div>\n
\n
\n
and then from there we can<\/div>\n<\/div>\n<\/div>\n
\n
\n
we can add a lot more risk to that<\/div>\n<\/div>\n<\/div>\n
\n
\n
trader i’m just curious<\/div>\n<\/div>\n<\/div>\n
\n
\n
and you you’ll refresh our memory here<\/div>\n<\/div>\n<\/div>\n
\n
\n
you blew up i think you talked about<\/div>\n<\/div>\n<\/div>\n
\n
\n
this because you were too big<\/div>\n<\/div>\n<\/div>\n
\n
\n
in a stock that you thought certainly<\/div>\n<\/div>\n<\/div>\n
\n
\n
ought to trade lower and just wasn’t<\/div>\n<\/div>\n<\/div>\n
\n
\n
well i think the main thing was yes i<\/div>\n<\/div>\n<\/div>\n
\n
\n
was way too big<\/div>\n<\/div>\n<\/div>\n
\n
\n
in shorting covet names when kovit was<\/div>\n<\/div>\n<\/div>\n
\n
\n
just starting to ramp up and<\/div>\n<\/div>\n<\/div>\n
\n
\n
in my mind i didn’t think kobit was<\/div>\n<\/div>\n<\/div>\n
\n
\n
going to be a thing and it ended up<\/div>\n<\/div>\n<\/div>\n
\n
\n
being a really big thing<\/div>\n<\/div>\n<\/div>\n
\n
\n
and every you know every mask related<\/div>\n<\/div>\n<\/div>\n
\n
\n
stock<\/div>\n<\/div>\n<\/div>\n
\n
\n
and covet related name just had massive<\/div>\n<\/div>\n<\/div>\n
\n
\n
moves so<\/div>\n<\/div>\n<\/div>\n
\n
\n
i had way too much size and<\/div>\n<\/div>\n<\/div>\n
\n
\n
just wasn’t reading the market correctly<\/div>\n<\/div>\n<\/div>\n
\n
\n
and in that situation<\/div>\n<\/div>\n<\/div>\n
\n
\n
you know you see it a lot of times on<\/div>\n<\/div>\n<\/div>\n
\n
\n
twitter<\/div>\n<\/div>\n<\/div>\n
\n
\n
etc where where people it happens to<\/div>\n<\/div>\n<\/div>\n
\n
\n
people<\/div>\n<\/div>\n<\/div>\n
\n
\n
especially in the small cap names<\/div>\n<\/div>\n<\/div>\n
\n
\n
because<\/div>\n<\/div>\n<\/div>\n
\n
\n
they can have such enormous moves<\/div>\n<\/div>\n<\/div>\n
\n
\n
so it’s even i would say more critical<\/div>\n<\/div>\n<\/div>\n
\n
\n
if you’re<\/div>\n<\/div>\n<\/div>\n
\n
\n
shorting a small cap to control your<\/div>\n<\/div>\n<\/div>\n
\n
\n
risk<\/div>\n<\/div>\n<\/div>\n
\n
\n
and not oversize in those names because<\/div>\n<\/div>\n<\/div>\n
\n
\n
they are so volatile<\/div>\n<\/div>\n<\/div>\n
\n
\n
so i’m sure there’s plenty of people in<\/div>\n<\/div>\n<\/div>\n
\n
\n
the trading community who are going to<\/div>\n<\/div>\n<\/div>\n
\n
\n
watch this<\/div>\n<\/div>\n<\/div>\n
\n
\n
who are retail independent traders who<\/div>\n<\/div>\n<\/div>\n
\n
\n
have also blown up<\/div>\n<\/div>\n<\/div>\n
\n
\n
or are losing too much on on their bad<\/div>\n<\/div>\n<\/div>\n
\n
\n
days<\/div>\n<\/div>\n<\/div>\n
\n
\n
i wonder as somebody who’s actually been<\/div>\n<\/div>\n<\/div>\n
\n
\n
through that<\/div>\n<\/div>\n<\/div>\n
\n
\n
whether or not you had some advice for<\/div>\n<\/div>\n<\/div>\n
\n
\n
those<\/div>\n<\/div>\n<\/div>\n
\n
\n
for those traders yeah i mean i think<\/div>\n<\/div>\n<\/div>\n
\n
\n
you have to understand<\/div>\n<\/div>\n<\/div>\n
\n
\n
like who you are as a trader and<\/div>\n<\/div>\n<\/div>\n
\n
\n
in my case like i want to put on size<\/div>\n<\/div>\n<\/div>\n
\n
\n
like i just want to put on size<\/div>\n<\/div>\n<\/div>\n
\n
\n
and there’s times where it’s not right<\/div>\n<\/div>\n<\/div>\n
\n
\n
there’s times where you’re too early or<\/div>\n<\/div>\n<\/div>\n
\n
\n
your thesis is right but you know<\/div>\n<\/div>\n<\/div>\n
\n
\n
[Music]<\/div>\n<\/div>\n<\/div>\n
\n
\n
it’s not going to play out until<\/div>\n<\/div>\n<\/div>\n
\n
\n
tomorrow or the next day<\/div>\n<\/div>\n<\/div>\n
\n
\n
so you know try to<\/div>\n<\/div>\n<\/div>\n
\n
\n
just be patient and and wait<\/div>\n<\/div>\n<\/div>\n
\n
\n
until the price action confirms your<\/div>\n<\/div>\n<\/div>\n
\n
\n
thesis<\/div>\n<\/div>\n<\/div>\n
\n
\n
and and don’t fight the market um<\/div>\n<\/div>\n<\/div>\n
\n
\n
that’s that’s really the main thing is<\/div>\n<\/div>\n<\/div>\n
\n
\n
like you don’t have to believe that it’s<\/div>\n<\/div>\n<\/div>\n
\n
\n
it makes sense but if you if you fight<\/div>\n<\/div>\n<\/div>\n
\n
\n
it you’re gonna get hurt<\/div>\n<\/div>\n<\/div>\n
\n
\n
especially if there’s like huge momentum<\/div>\n<\/div>\n<\/div>\n
\n
\n
there so<\/div>\n<\/div>\n<\/div>\n
\n
\n
i would say just be patient and<\/div>\n<\/div>\n<\/div>\n
\n
\n
understand where you have weaknesses<\/div>\n<\/div>\n<\/div>\n
\n
\n
and and work on those i don’t think you<\/div>\n<\/div>\n<\/div>\n
\n
\n
can really<\/div>\n<\/div>\n<\/div>\n
\n
\n
you know fully change how you are as a<\/div>\n<\/div>\n<\/div>\n
\n
\n
as a trader<\/div>\n<\/div>\n<\/div>\n
\n
\n
but there’s things that you can work on<\/div>\n<\/div>\n<\/div>\n
\n
\n
to get better at those those areas of<\/div>\n<\/div>\n<\/div>\n
\n
\n
weaknesses whether it’s<\/div>\n<\/div>\n<\/div>\n
\n
\n
being afraid to put on size or having a<\/div>\n<\/div>\n<\/div>\n
\n
\n
tendency to put on<\/div>\n<\/div>\n<\/div>\n
\n
\n
too much size when the time is just not<\/div>\n<\/div>\n<\/div>\n
\n
\n
right<\/div>\n<\/div>\n<\/div>\n
\n
\n
you said you need to put on size have<\/div>\n<\/div>\n<\/div>\n
\n
\n
you ever thought about<\/div>\n<\/div>\n<\/div>\n
\n
\n
why you do i think from my perspective<\/div>\n<\/div>\n<\/div>\n
\n
\n
because<\/div>\n<\/div>\n<\/div>\n
\n
\n
i want to transition into a full-time<\/div>\n<\/div>\n<\/div>\n
\n
\n
trader<\/div>\n<\/div>\n<\/div>\n
\n
\n
that i look at what i make<\/div>\n<\/div>\n<\/div>\n
\n
\n
at my engineering job and how much i<\/div>\n<\/div>\n<\/div>\n
\n
\n
need to make to replace that income<\/div>\n<\/div>\n<\/div>\n
\n
\n
through trading so i have this<\/div>\n<\/div>\n<\/div>\n
\n
\n
let me try to make this much money<\/div>\n<\/div>\n<\/div>\n
\n
\n
per day per month and so i end up<\/div>\n<\/div>\n<\/div>\n
\n
\n
you know if i only have this many you<\/div>\n<\/div>\n<\/div>\n
\n
\n
know<\/div>\n<\/div>\n<\/div>\n
\n
\n
a couple hundred shares or whatever and<\/div>\n<\/div>\n<\/div>\n
\n
\n
it<\/div>\n<\/div>\n<\/div>\n
\n
\n
does move then i’m not going to make<\/div>\n<\/div>\n<\/div>\n
\n
\n
anything<\/div>\n<\/div>\n<\/div>\n
\n
\n
or so i think that’s probably the the<\/div>\n<\/div>\n<\/div>\n
\n
\n
driver<\/div>\n<\/div>\n<\/div>\n
\n
\n
in my current situation is<\/div>\n<\/div>\n<\/div>\n
\n
\n
like you mentioned earlier trying to get<\/div>\n<\/div>\n<\/div>\n
\n
\n
too big too fast<\/div>\n<\/div>\n<\/div>\n
\n
\n
i’m curious how would you describe<\/div>\n<\/div>\n<\/div>\n
\n
\n
yourself as a basketball player<\/div>\n<\/div>\n<\/div>\n
\n
\n
and i promise there’s a reason i ask<\/div>\n<\/div>\n<\/div>\n
\n
\n
well my son is a very good basketball<\/div>\n<\/div>\n<\/div>\n
\n
\n
player because he trains all the time<\/div>\n<\/div>\n<\/div>\n
\n
\n
but<\/div>\n<\/div>\n<\/div>\n
\n
\n
me i’m really not that great of a<\/div>\n<\/div>\n<\/div>\n
\n
\n
basketball player<\/div>\n<\/div>\n<\/div>\n
\n
\n
i can shoot pretty good but<\/div>\n<\/div>\n<\/div>\n
\n
\n
as far as the other aspects of ball<\/div>\n<\/div>\n<\/div>\n
\n
\n
handling etc<\/div>\n<\/div>\n<\/div>\n
\n
\n
my but my son has a private coach and a<\/div>\n<\/div>\n<\/div>\n
\n
\n
trainer who<\/div>\n<\/div>\n<\/div>\n
\n
\n
who trains him so he’s he’s practicing<\/div>\n<\/div>\n<\/div>\n
\n
\n
multiple times a week<\/div>\n<\/div>\n<\/div>\n
\n
\n
and plays in tournaments etc um well<\/div>\n<\/div>\n<\/div>\n
\n
\n
when you were playing a lot how would<\/div>\n<\/div>\n<\/div>\n
\n
\n
you describe yourself as a<\/div>\n<\/div>\n<\/div>\n
\n
\n
as a basketball player committed like i<\/div>\n<\/div>\n<\/div>\n
\n
\n
just<\/div>\n<\/div>\n<\/div>\n
\n
\n
would keep going i guess grit like i<\/div>\n<\/div>\n<\/div>\n
\n
\n
think grit’s important so<\/div>\n<\/div>\n<\/div>\n
\n
\n
well bill bradley uh wrote in his book<\/div>\n<\/div>\n<\/div>\n
\n
\n
that you can tell<\/div>\n<\/div>\n<\/div>\n
\n
\n
more about somebody watching play<\/div>\n<\/div>\n<\/div>\n
\n
\n
basketball<\/div>\n<\/div>\n<\/div>\n
\n
\n
in a short period of time and you then<\/div>\n<\/div>\n<\/div>\n
\n
\n
you can knowing them for<\/div>\n<\/div>\n<\/div>\n
\n
\n
long periods of time that that how you<\/div>\n<\/div>\n<\/div>\n
\n
\n
play basketball really<\/div>\n<\/div>\n<\/div>\n
\n
\n
says a great deal about yourself i don’t<\/div>\n<\/div>\n<\/div>\n
\n
\n
know if you’ve ever<\/div>\n<\/div>\n<\/div>\n
\n
\n
heard that saying or heard that so what<\/div>\n<\/div>\n<\/div>\n
\n
\n
mike i’m curious what is it about<\/div>\n<\/div>\n<\/div>\n
\n
\n
basketball versus i guess other sports<\/div>\n<\/div>\n<\/div>\n
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is<\/div>\n<\/div>\n<\/div>\n
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it well what is about basketball i do<\/div>\n<\/div>\n<\/div>\n
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think there is something<\/div>\n<\/div>\n<\/div>\n
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uh different about basketball than there<\/div>\n<\/div>\n<\/div>\n
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are other sports because<\/div>\n<\/div>\n<\/div>\n
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it’s a team sport and<\/div>\n<\/div>\n<\/div>\n
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there’s definitive winners and losers<\/div>\n<\/div>\n<\/div>\n
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quickly particularly in pickup<\/div>\n<\/div>\n<\/div>\n
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basketball i mean<\/div>\n<\/div>\n<\/div>\n
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you really can tell a lot about a person<\/div>\n<\/div>\n<\/div>\n
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if you go watch them play pickup<\/div>\n<\/div>\n<\/div>\n
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basketball<\/div>\n<\/div>\n<\/div>\n
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you can tell a lot about truly the type<\/div>\n<\/div>\n<\/div>\n
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of person they are<\/div>\n<\/div>\n<\/div>\n
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their temperament<\/div>\n<\/div>\n<\/div>\n
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their feel for fairness<\/div>\n<\/div>\n<\/div>\n
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whether or not they share the ball well<\/div>\n<\/div>\n<\/div>\n
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whether or not they play hard on defense<\/div>\n<\/div>\n<\/div>\n
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whether or not uh they<\/div>\n<\/div>\n<\/div>\n
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call fouls uh<\/div>\n<\/div>\n<\/div>\n
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fairly or whether or not they over argue<\/div>\n<\/div>\n<\/div>\n
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on certain calls and<\/div>\n<\/div>\n<\/div>\n
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and one of the things that dr<\/div>\n<\/div>\n<\/div>\n
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steenberger<\/div>\n<\/div>\n<\/div>\n
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has asked us to do as traders is think<\/div>\n<\/div>\n<\/div>\n
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about<\/div>\n<\/div>\n<\/div>\n
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what are the things you’ve been<\/div>\n<\/div>\n<\/div>\n
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successful at in the past and why<\/div>\n<\/div>\n<\/div>\n
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that was you know what are your<\/div>\n<\/div>\n<\/div>\n
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strengths why i’ve been successful<\/div>\n<\/div>\n<\/div>\n
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and why is that and then start to think<\/div>\n<\/div>\n<\/div>\n
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about<\/div>\n<\/div>\n<\/div>\n
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building a a trading career<\/div>\n<\/div>\n<\/div>\n
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based off of your strengths which<\/div>\n<\/div>\n<\/div>\n
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should be consistent with your unique<\/div>\n<\/div>\n<\/div>\n
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talents<\/div>\n<\/div>\n<\/div>\n
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so you know for instance<\/div>\n<\/div>\n<\/div>\n
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uh if if you are and a basketball is a<\/div>\n<\/div>\n<\/div>\n
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good example of this like there are<\/div>\n<\/div>\n<\/div>\n
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certain basketball players who take a<\/div>\n<\/div>\n<\/div>\n
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lot of chances<\/div>\n<\/div>\n<\/div>\n
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there are certain basketball players who<\/div>\n<\/div>\n<\/div>\n
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you know only take<\/div>\n<\/div>\n<\/div>\n
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the open shot when it’s a really really<\/div>\n<\/div>\n<\/div>\n
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good shot<\/div>\n<\/div>\n<\/div>\n
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there are certain players who are just<\/div>\n<\/div>\n<\/div>\n
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really unselfish<\/div>\n<\/div>\n<\/div>\n
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there are certain players who were<\/div>\n<\/div>\n<\/div>\n
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gritty so it kind of<\/div>\n<\/div>\n<\/div>\n
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it doesn’t really surprise me that you<\/div>\n<\/div>\n<\/div>\n
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\n
found a way to keep working at this as a<\/div>\n<\/div>\n<\/div>\n
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trader<\/div>\n<\/div>\n<\/div>\n
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after having blown up and<\/div>\n<\/div>\n<\/div>\n
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you describe yourself that way as a<\/div>\n<\/div>\n<\/div>\n
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basketball player that that seems to<\/div>\n<\/div>\n<\/div>\n
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make sense to me and so<\/div>\n<\/div>\n<\/div>\n
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i was just curious about that because<\/div>\n<\/div>\n<\/div>\n
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\n
yeah i mean i think i think we do at a<\/div>\n<\/div>\n<\/div>\n
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minimum and maybe it’s not basketball<\/div>\n<\/div>\n<\/div>\n
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for you maybe it’s<\/div>\n<\/div>\n<\/div>\n
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\n
engineering uh maybe it’s something else<\/div>\n<\/div>\n<\/div>\n
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you’re particularly good at<\/div>\n<\/div>\n<\/div>\n
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\n
but i do think you need to think about<\/div>\n<\/div>\n<\/div>\n
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\n
hey why i’ve been why have i been<\/div>\n<\/div>\n<\/div>\n
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\n
successful in the past<\/div>\n<\/div>\n<\/div>\n
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\n
uh what i’ve what i have what have i<\/div>\n<\/div>\n<\/div>\n
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\n
been good at<\/div>\n<\/div>\n<\/div>\n
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why was that and then like let me think<\/div>\n<\/div>\n<\/div>\n
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about that<\/div>\n<\/div>\n<\/div>\n
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\n
with my trading now let me think about<\/div>\n<\/div>\n<\/div>\n
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\n
so if i’m a particularly diligent person<\/div>\n<\/div>\n<\/div>\n
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\n
and i’m a i’m a deep thinker<\/div>\n<\/div>\n<\/div>\n
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\n
and you aren’t reading the research<\/div>\n<\/div>\n<\/div>\n
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\n
reports before the open<\/div>\n<\/div>\n<\/div>\n
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for particular technical setups that<\/div>\n<\/div>\n<\/div>\n
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doesn’t make sense to me<\/div>\n<\/div>\n<\/div>\n
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\n
you should be doing that you’re not<\/div>\n<\/div>\n<\/div>\n
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\n
tapping into your strengths<\/div>\n<\/div>\n<\/div>\n
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\n
if you’re somebody who’s just a really<\/div>\n<\/div>\n<\/div>\n
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\n
quick thinker like steve spencer<\/div>\n<\/div>\n<\/div>\n
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\n
who is my partner is the fastest thinker<\/div>\n<\/div>\n<\/div>\n
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of anyone<\/div>\n<\/div>\n<\/div>\n
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that i know he can give you an answer<\/div>\n<\/div>\n<\/div>\n
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\n
immediately<\/div>\n<\/div>\n<\/div>\n
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\n
he’s a really good short-term trader<\/div>\n<\/div>\n<\/div>\n
\n
\n
you know we have we have guys here who<\/div>\n<\/div>\n<\/div>\n
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\n
if you ask them a question<\/div>\n<\/div>\n<\/div>\n
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\n
it will take them 30 seconds to think<\/div>\n<\/div>\n<\/div>\n
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\n
and<\/div>\n<\/div>\n<\/div>\n
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\n
three minutes to answer no matter what<\/div>\n<\/div>\n<\/div>\n
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the question is<\/div>\n<\/div>\n<\/div>\n
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\n
those are guys who are going to be<\/div>\n<\/div>\n<\/div>\n
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\n
diving deep into research<\/div>\n<\/div>\n<\/div>\n
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\n
and creating uh different ways to trade<\/div>\n<\/div>\n<\/div>\n
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\n
than hitting the buttons fast and<\/div>\n<\/div>\n<\/div>\n
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\n
trading in and out and and they have<\/div>\n<\/div>\n<\/div>\n
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\n
they want to tap into their super<\/div>\n<\/div>\n<\/div>\n
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\n
diligence<\/div>\n<\/div>\n<\/div>\n
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\n
and so that that matters and i think a<\/div>\n<\/div>\n<\/div>\n
\n
\n
lot of traders<\/div>\n<\/div>\n<\/div>\n
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\n
trade a particular style because they<\/div>\n<\/div>\n<\/div>\n
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\n
know somebody<\/div>\n<\/div>\n<\/div>\n
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\n
who makes a lot of money i know somebody<\/div>\n<\/div>\n<\/div>\n
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\n
who makes a lot of money doing xyz i<\/div>\n<\/div>\n<\/div>\n
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\n
know shark<\/div>\n<\/div>\n<\/div>\n
\n
\n
likes to fade a lot of the flow floats<\/div>\n<\/div>\n<\/div>\n
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\n
he likes to take on a lot of risk<\/div>\n<\/div>\n<\/div>\n
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\n
i see him make as much money if not more<\/div>\n<\/div>\n<\/div>\n
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\n
than anybody at the firm<\/div>\n<\/div>\n<\/div>\n
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\n
i must go follow him when he goes to the<\/div>\n<\/div>\n<\/div>\n
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\n
bathroom i’m going to follow him when he<\/div>\n<\/div>\n<\/div>\n
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\n
goes to lunch i’m going to follow him<\/div>\n<\/div>\n<\/div>\n
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\n
i can see his executions in real time<\/div>\n<\/div>\n<\/div>\n
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\n
i’m going to<\/div>\n<\/div>\n<\/div>\n
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\n
unravel them and i’m going to try and do<\/div>\n<\/div>\n<\/div>\n
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\n
what he does<\/div>\n<\/div>\n<\/div>\n
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\n
and you know some people can but but<\/div>\n<\/div>\n<\/div>\n
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\n
maybe a lot of people<\/div>\n<\/div>\n<\/div>\n
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\n
can’t because they can’t take the risk<\/div>\n<\/div>\n<\/div>\n
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\n
that he does they’re they’re just<\/div>\n<\/div>\n<\/div>\n
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\n
they’re more conservative they<\/div>\n<\/div>\n<\/div>\n
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\n
they can’t draw down 250 000<\/div>\n<\/div>\n<\/div>\n
\n
\n
before the stock’s going to turn and<\/div>\n<\/div>\n<\/div>\n
\n
\n
make back a million and a half they just<\/div>\n<\/div>\n<\/div>\n
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\n
can’t do it<\/div>\n<\/div>\n<\/div>\n
\n
\n
it’s not it’s not consistent<\/div>\n<\/div>\n<\/div>\n
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\n
with uh their personalities and their<\/div>\n<\/div>\n<\/div>\n
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\n
abilities to<\/div>\n<\/div>\n<\/div>\n
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\n
to to take uh to take risk<\/div>\n<\/div>\n<\/div>\n
\n
\n
and then you know there are other people<\/div>\n<\/div>\n<\/div>\n
\n
\n
who are just really fast thinkers who<\/div>\n<\/div>\n<\/div>\n
\n
\n
are trying to do this in-depth analysis<\/div>\n<\/div>\n<\/div>\n
\n
\n
of stocks that’s not what their strength<\/div>\n<\/div>\n<\/div>\n
\n
\n
is<\/div>\n<\/div>\n<\/div>\n
\n
\n
they’re not particularly talented in<\/div>\n<\/div>\n<\/div>\n
\n
\n
being overly analytical<\/div>\n<\/div>\n<\/div>\n
\n
\n
they’re good at thinking quickly and so<\/div>\n<\/div>\n<\/div>\n
\n
\n
and what i always find funny about steve<\/div>\n<\/div>\n<\/div>\n
\n
\n
who you know went to<\/div>\n<\/div>\n<\/div>\n
\n
\n
the best business school in the country<\/div>\n<\/div>\n<\/div>\n
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\n
undergrad<\/div>\n<\/div>\n<\/div>\n
\n
\n
is or one of them i’ll let other people<\/div>\n<\/div>\n<\/div>\n
\n
\n
debate that<\/div>\n<\/div>\n<\/div>\n
\n
\n
is that when he trades<\/div>\n<\/div>\n<\/div>\n
\n
\n
he and he reads a ton of stuff all the<\/div>\n<\/div>\n<\/div>\n
\n
\n
time<\/div>\n<\/div>\n<\/div>\n
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\n
if you ask him about quite about about<\/div>\n<\/div>\n<\/div>\n
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\n
companies he knows<\/div>\n<\/div>\n<\/div>\n
\n
\n
you know as much as anybody but but he<\/div>\n<\/div>\n<\/div>\n
\n
\n
doesn’t trade that way<\/div>\n<\/div>\n<\/div>\n
\n
\n
he trades quickly because<\/div>\n<\/div>\n<\/div>\n
\n
\n
that’s just the way he thinks so anyway<\/div>\n<\/div>\n<\/div>\n
\n
\n
you got me on to<\/div>\n<\/div>\n<\/div>\n
\n
\n
you got me thinking about that and so i<\/div>\n<\/div>\n<\/div>\n
\n
\n
thought i’d explore with you i think<\/div>\n<\/div>\n<\/div>\n
\n
\n
that’s<\/div>\n<\/div>\n<\/div>\n
\n
\n
no it’s really great i mean i’ve learned<\/div>\n<\/div>\n<\/div>\n
\n
\n
about myself is like<\/div>\n<\/div>\n<\/div>\n
\n
\n
i have a tough time kind of dealing with<\/div>\n<\/div>\n<\/div>\n
\n
\n
intraday fluctuations versus kind of<\/div>\n<\/div>\n<\/div>\n
\n
\n
seeing bigger moves<\/div>\n<\/div>\n<\/div>\n
\n
\n
and so my mind is more along<\/div>\n<\/div>\n<\/div>\n
\n
\n
what what is the bigger move i’m seeing<\/div>\n<\/div>\n<\/div>\n
\n
\n
coming and<\/div>\n<\/div>\n<\/div>\n
\n
\n
the intraday stuff really<\/div>\n<\/div>\n<\/div>\n
\n
\n
kind of whipsaws and you know i don’t<\/div>\n<\/div>\n<\/div>\n
\n
\n
see those<\/div>\n<\/div>\n<\/div>\n
\n
\n
intraday movements as clean as i do kind<\/div>\n<\/div>\n<\/div>\n
\n
\n
of bigger bigger picture movements<\/div>\n<\/div>\n<\/div>\n
\n
\n
and so sometimes i’ll put on positions<\/div>\n<\/div>\n<\/div>\n
\n
\n
an intraday that go against me and then<\/div>\n<\/div>\n<\/div>\n
\n
\n
it’ll reverse and go up<\/div>\n<\/div>\n<\/div>\n
\n
\n
because my i have a pretty good<\/div>\n<\/div>\n<\/div>\n
\n
\n
thesis that’s going forward but<\/div>\n<\/div>\n<\/div>\n
\n
\n
sometimes i’ll put them on a little bit<\/div>\n<\/div>\n<\/div>\n
\n
\n
early<\/div>\n<\/div>\n<\/div>\n
\n
\n
and so it’s just understanding like i<\/div>\n<\/div>\n<\/div>\n
\n
\n
i would i couldn’t be a really good<\/div>\n<\/div>\n<\/div>\n
\n
\n
scalper i guess is what i’m saying like<\/div>\n<\/div>\n<\/div>\n
\n
\n
that’s just not my trading style<\/div>\n<\/div>\n<\/div>\n
\n
\n
and just understanding who you are as a<\/div>\n<\/div>\n<\/div>\n
\n
\n
trader<\/div>\n<\/div>\n<\/div>\n
\n
\n
is really important you know i’m sure<\/div>\n<\/div>\n<\/div>\n
\n
\n
you’ve tried different styles<\/div>\n<\/div>\n<\/div>\n
\n
\n
as a trader up to this point is that<\/div>\n<\/div>\n<\/div>\n
\n
\n
fair<\/div>\n<\/div>\n<\/div>\n
\n
\n
yeah yeah and i think there’s elements<\/div>\n<\/div>\n<\/div>\n
\n
\n
i think there’s elements of you know<\/div>\n<\/div>\n<\/div>\n
\n
\n
shorting small caps and longing big caps<\/div>\n<\/div>\n<\/div>\n
\n
\n
i mean<\/div>\n<\/div>\n<\/div>\n
\n
\n
you can i mean all that can be part of<\/div>\n<\/div>\n<\/div>\n
\n
\n
your toolbox<\/div>\n<\/div>\n<\/div>\n
\n
\n
but i think there’s also<\/div>\n<\/div>\n<\/div>\n
\n
\n
like things like there’s trades that may<\/div>\n<\/div>\n<\/div>\n
\n
\n
work but they you know<\/div>\n<\/div>\n<\/div>\n
\n
\n
might be so much frustration do you<\/div>\n<\/div>\n<\/div>\n
\n
\n
really want to deal with that do you<\/div>\n<\/div>\n<\/div>\n
\n
\n
really want to<\/div>\n<\/div>\n<\/div>\n
\n
\n
you know deal with that type of trading<\/div>\n<\/div>\n<\/div>\n
\n
\n
it might not be in your personality<\/div>\n<\/div>\n<\/div>\n
\n
\n
it might be harder for you to execute<\/div>\n<\/div>\n<\/div>\n
\n
\n
and kind of<\/div>\n<\/div>\n<\/div>\n
\n
\n
affect your mental state because your<\/div>\n<\/div>\n<\/div>\n
\n
\n
emotional and mental<\/div>\n<\/div>\n<\/div>\n
\n
\n
capital is very important when it comes<\/div>\n<\/div>\n<\/div>\n
\n
\n
to trading as well you know i think<\/div>\n<\/div>\n<\/div>\n
\n
\n
sometimes traders think<\/div>\n<\/div>\n<\/div>\n
\n
\n
let me just go find one person one trade<\/div>\n<\/div>\n<\/div>\n
\n
\n
one style<\/div>\n<\/div>\n<\/div>\n
\n
\n
and that is and<\/div>\n<\/div>\n<\/div>\n
\n
\n
if i’m not good at that then that means<\/div>\n<\/div>\n<\/div>\n
\n
\n
i can’t be a good trader<\/div>\n<\/div>\n<\/div>\n
\n
\n
and i can tell you here we expose our<\/div>\n<\/div>\n<\/div>\n
\n
\n
guys to lots of different ways people<\/div>\n<\/div>\n<\/div>\n
\n
\n
trade and i can tell you out here<\/div>\n<\/div>\n<\/div>\n
\n
\n
that there are people who make money in<\/div>\n<\/div>\n<\/div>\n
\n
\n
a lot of different ways<\/div>\n<\/div>\n<\/div>\n
\n
\n
they all learn they they come in and<\/div>\n<\/div>\n<\/div>\n
\n
\n
they’re they’re taught<\/div>\n<\/div>\n<\/div>\n
\n
\n
a strong foundation and they’re exposed<\/div>\n<\/div>\n<\/div>\n
\n
\n
to different specific setups<\/div>\n<\/div>\n<\/div>\n
\n
\n
that work but then we ask them to<\/div>\n<\/div>\n<\/div>\n
\n
\n
gravitate towards their niche<\/div>\n<\/div>\n<\/div>\n
\n
\n
and join a team that trades that niche<\/div>\n<\/div>\n<\/div>\n
\n
\n
and then even when they’re on that team<\/div>\n<\/div>\n<\/div>\n
\n
\n
they’re building from that<\/div>\n<\/div>\n<\/div>\n
\n
\n
they’re learning things that are new and<\/div>\n<\/div>\n<\/div>\n
\n
\n
so i’m sure<\/div>\n<\/div>\n<\/div>\n
\n
\n
you have learned from some pretty good<\/div>\n<\/div>\n<\/div>\n
\n
\n
people in the past<\/div>\n<\/div>\n<\/div>\n
\n
\n
who do make money and who are<\/div>\n<\/div>\n<\/div>\n
\n
\n
real traders but for whom<\/div>\n<\/div>\n<\/div>\n
\n
\n
but for whose style wouldn’t work for<\/div>\n<\/div>\n<\/div>\n
\n
\n
you is that fair<\/div>\n<\/div>\n<\/div>\n
\n
\n
yeah that’s right yeah<\/div>\n<\/div>\n<\/div>\n
\n
\n
and i mean maybe some elements of their<\/div>\n<\/div>\n<\/div>\n
\n
\n
style do work<\/div>\n<\/div>\n<\/div>\n
\n
\n
but i think it’s also important to<\/div>\n<\/div>\n<\/div>\n
\n
\n
kind of come up with your own trade<\/div>\n<\/div>\n<\/div>\n
\n
\n
ideas and what you’re looking for<\/div>\n<\/div>\n<\/div>\n
\n
\n
because that’s really how you learn<\/div>\n<\/div>\n<\/div>\n
\n
\n
because if you just<\/div>\n<\/div>\n<\/div>\n
\n
\n
you know people talk about all the time<\/div>\n<\/div>\n<\/div>\n
\n
\n
about following people into trades and<\/div>\n<\/div>\n<\/div>\n
\n
\n
that doesn’t work and<\/div>\n<\/div>\n<\/div>\n
\n
\n
seems like it should work right but it<\/div>\n<\/div>\n<\/div>\n
\n
\n
really doesn’t because<\/div>\n<\/div>\n<\/div>\n
\n
\n
you have to know why you’re getting in<\/div>\n<\/div>\n<\/div>\n
\n
\n
and why you’re getting out<\/div>\n<\/div>\n<\/div>\n
\n
\n
and whether you win or lose that’s a<\/div>\n<\/div>\n<\/div>\n
\n
\n
learning<\/div>\n<\/div>\n<\/div>\n
\n
\n
process that you develop so<\/div>\n<\/div>\n<\/div>\n
\n
\n
[Music]<\/div>\n<\/div>\n<\/div>\n
\n
\n
it’s it’s important to develop the<\/div>\n<\/div>\n<\/div>\n
\n
\n
ability to kind of independently<\/div>\n<\/div>\n<\/div>\n
\n
\n
look at charts look at setups and kind<\/div>\n<\/div>\n<\/div>\n
\n
\n
of come to your own conclusions<\/div>\n<\/div>\n<\/div>\n
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and whether it’s right or wrong you’re<\/div>\n<\/div>\n<\/div>\n
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going to learn from it<\/div>\n<\/div>\n<\/div>\n
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but that’s how you get better you are<\/div>\n<\/div>\n<\/div>\n
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tapping into some of the resources at<\/div>\n<\/div>\n<\/div>\n
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the firm and you are definitely an<\/div>\n<\/div>\n<\/div>\n
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unusual case<\/div>\n<\/div>\n<\/div>\n
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so you are not the typical firm trader<\/div>\n<\/div>\n<\/div>\n
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by any means you came in differently<\/div>\n<\/div>\n<\/div>\n
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than most and<\/div>\n<\/div>\n<\/div>\n
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you know you are working right now you<\/div>\n<\/div>\n<\/div>\n
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earned the right to<\/div>\n<\/div>\n<\/div>\n
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be given a shot and you know now you’re<\/div>\n<\/div>\n<\/div>\n
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trying to figure out hey how to make<\/div>\n<\/div>\n<\/div>\n
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this<\/div>\n<\/div>\n<\/div>\n
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a full-time gig so you know you’re not<\/div>\n<\/div>\n<\/div>\n
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fully uh you’re not fully<\/div>\n<\/div>\n<\/div>\n
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uh integrated into the firm<\/div>\n<\/div>\n<\/div>\n
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you know you’re not on a team yet you’re<\/div>\n<\/div>\n<\/div>\n
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not<\/div>\n<\/div>\n<\/div>\n
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trading full-time which is super unusual<\/div>\n<\/div>\n<\/div>\n
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but you earn the right to be given a<\/div>\n<\/div>\n<\/div>\n
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chance<\/div>\n<\/div>\n<\/div>\n
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um and so i think those are<\/div>\n<\/div>\n<\/div>\n
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you know just speaking realistic to you<\/div>\n<\/div>\n<\/div>\n
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you’ve done a nice job<\/div>\n<\/div>\n<\/div>\n
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going from hey i blew up and i want to<\/div>\n<\/div>\n<\/div>\n
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start a comeback plan<\/div>\n<\/div>\n<\/div>\n
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and being persistent and showing grit<\/div>\n<\/div>\n<\/div>\n
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to get yourself an opportunity here<\/div>\n<\/div>\n<\/div>\n
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and now you sort of have to get to the<\/div>\n<\/div>\n<\/div>\n
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point where<\/div>\n<\/div>\n<\/div>\n
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you can do this full time and and use<\/div>\n<\/div>\n<\/div>\n
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all the resources at the firm i mean<\/div>\n<\/div>\n<\/div>\n
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you’re using the capital<\/div>\n<\/div>\n<\/div>\n
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using the technology you’re using the<\/div>\n<\/div>\n<\/div>\n
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risk manager<\/div>\n<\/div>\n<\/div>\n
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you’re using some of<\/div>\n<\/div>\n<\/div>\n
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getting to know the traders and seeing<\/div>\n<\/div>\n<\/div>\n
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what<\/div>\n<\/div>\n<\/div>\n
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what they do so gleb came in and and<\/div>\n<\/div>\n<\/div>\n
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talked to<\/div>\n<\/div>\n<\/div>\n
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to some of the guys who you you get to<\/div>\n<\/div>\n<\/div>\n
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see that and<\/div>\n<\/div>\n<\/div>\n
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and see how he’s doing um<\/div>\n<\/div>\n<\/div>\n
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but but you’re still not it’s like using<\/div>\n<\/div>\n<\/div>\n
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all of the firm resources um<\/div>\n<\/div>\n<\/div>\n
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so i think that’s you know that’s going<\/div>\n<\/div>\n<\/div>\n
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to be a challenge which is<\/div>\n<\/div>\n<\/div>\n
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if you’re not doing this full time and<\/div>\n<\/div>\n<\/div>\n
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you’re not fully integrated<\/div>\n<\/div>\n<\/div>\n
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you got to find you got to come up with<\/div>\n<\/div>\n<\/div>\n
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a plan<\/div>\n<\/div>\n<\/div>\n
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that’s going to work based on the time<\/div>\n<\/div>\n<\/div>\n
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that you have<\/div>\n<\/div>\n<\/div>\n
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and the opportunity that you have and<\/div>\n<\/div>\n<\/div>\n
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that plan is going to be different<\/div>\n<\/div>\n<\/div>\n
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than other traders who get to sit in<\/div>\n<\/div>\n<\/div>\n
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front of screens all day long and talk<\/div>\n<\/div>\n<\/div>\n
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to traders all day long<\/div>\n<\/div>\n<\/div>\n
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and are integrated into a team and<\/div>\n<\/div>\n<\/div>\n
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talk to guys like dr steenberger and<\/div>\n<\/div>\n<\/div>\n
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myself when whenever they<\/div>\n<\/div>\n<\/div>\n
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whenever they need to so that’s gonna<\/div>\n<\/div>\n<\/div>\n
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that’s gonna be your challenge and it’s<\/div>\n<\/div>\n<\/div>\n
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gonna be a little bit of a hurdle that<\/div>\n<\/div>\n<\/div>\n
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you’re gonna probably have to overcome<\/div>\n<\/div>\n<\/div>\n
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but you’ve overcome lots of others yeah<\/div>\n<\/div>\n<\/div>\n
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thanks for that mike<\/div>\n<\/div>\n<\/div>\n
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um one thing i did want to<\/div>\n<\/div>\n<\/div>\n
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just kind of pick your brain with was as<\/div>\n<\/div>\n<\/div>\n
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far as reaching out to people like<\/div>\n<\/div>\n<\/div>\n
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shark or gleb is it appropriate to just<\/div>\n<\/div>\n<\/div>\n
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email them to google<\/div>\n<\/div>\n<\/div>\n
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message them on any questions we have<\/div>\n<\/div>\n<\/div>\n
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100 shark always says just reach out to<\/div>\n<\/div>\n<\/div>\n
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me<\/div>\n<\/div>\n<\/div>\n
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and so uh if you if you need his email<\/div>\n<\/div>\n<\/div>\n
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address<\/div>\n<\/div>\n<\/div>\n
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i will give it to you don’t give it up<\/div>\n<\/div>\n<\/div>\n
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to anybody else<\/div>\n<\/div>\n<\/div>\n
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but uh and if gleb same thing i’m sure<\/div>\n<\/div>\n<\/div>\n
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gleb<\/div>\n<\/div>\n<\/div>\n
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be happy to talk to you and some of the<\/div>\n<\/div>\n<\/div>\n
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other guys but you know<\/div>\n<\/div>\n<\/div>\n
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it’s not only the best traders at the<\/div>\n<\/div>\n<\/div>\n
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firm<\/div>\n<\/div>\n<\/div>\n
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who people learn from there are there<\/div>\n<\/div>\n<\/div>\n
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are people here<\/div>\n<\/div>\n<\/div>\n
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there are senior traders that learn from<\/div>\n<\/div>\n<\/div>\n
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junior traders<\/div>\n<\/div>\n<\/div>\n
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there are junior traders that learn from<\/div>\n<\/div>\n<\/div>\n
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senior traders there are junior traders<\/div>\n<\/div>\n<\/div>\n
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who learn from junior traders<\/div>\n<\/div>\n<\/div>\n
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there are senior traders who learn from<\/div>\n<\/div>\n<\/div>\n
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interns there are junior traders who<\/div>\n<\/div>\n<\/div>\n
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learn from interns or interns that learn<\/div>\n<\/div>\n<\/div>\n
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there’s there’s a lot of cross-learning<\/div>\n<\/div>\n<\/div>\n
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that goes on<\/div>\n<\/div>\n<\/div>\n
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and you know in fact<\/div>\n<\/div>\n<\/div>\n
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one of the biggest success stories that<\/div>\n<\/div>\n<\/div>\n
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we’ve had at the firm<\/div>\n<\/div>\n<\/div>\n
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and certainly the best overall team that<\/div>\n<\/div>\n<\/div>\n
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we have<\/div>\n<\/div>\n<\/div>\n
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cross learns uh between traders and so<\/div>\n<\/div>\n<\/div>\n
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there’s a senior trader who’s taught a<\/div>\n<\/div>\n<\/div>\n
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lot<\/div>\n<\/div>\n<\/div>\n
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taught a ton to junior guys taught a ton<\/div>\n<\/div>\n<\/div>\n
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taught him how to<\/div>\n<\/div>\n<\/div>\n
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really measure their trades and<\/div>\n<\/div>\n<\/div>\n
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really execute properly<\/div>\n<\/div>\n<\/div>\n
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how to really execute much better so<\/div>\n<\/div>\n<\/div>\n
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that<\/div>\n<\/div>\n<\/div>\n
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doing the same things goes from a little<\/div>\n<\/div>\n<\/div>\n
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bit of edge to a lot of edge<\/div>\n<\/div>\n<\/div>\n
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and then those junior guys have their<\/div>\n<\/div>\n<\/div>\n
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own<\/div>\n<\/div>\n<\/div>\n
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trading systems that they are they had<\/div>\n<\/div>\n<\/div>\n
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their own trades<\/div>\n<\/div>\n<\/div>\n
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that really worked for them and then<\/div>\n<\/div>\n<\/div>\n
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started working for them better<\/div>\n<\/div>\n<\/div>\n
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because they got help from the senior<\/div>\n<\/div>\n<\/div>\n
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trader and then those junior traders<\/div>\n<\/div>\n<\/div>\n
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shared<\/div>\n<\/div>\n<\/div>\n
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the strategies with that senior trader<\/div>\n<\/div>\n<\/div>\n
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and then these guys started opening up<\/div>\n<\/div>\n<\/div>\n
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joint accounts<\/div>\n<\/div>\n<\/div>\n
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for lots of other things<\/div>\n<\/div>\n<\/div>\n
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and so the senior traders making more<\/div>\n<\/div>\n<\/div>\n
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because he’s got new strategies<\/div>\n<\/div>\n<\/div>\n
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the junior traders are making more<\/div>\n<\/div>\n<\/div>\n
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because they’ve got better execution<\/div>\n<\/div>\n<\/div>\n
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strategies<\/div>\n<\/div>\n<\/div>\n
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and they get to team with the senior<\/div>\n<\/div>\n<\/div>\n
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trader on<\/div>\n<\/div>\n<\/div>\n
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different types of setups where they’re<\/div>\n<\/div>\n<\/div>\n
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trading together<\/div>\n<\/div>\n<\/div>\n
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and so yeah i mean it’s it’s always good<\/div>\n<\/div>\n<\/div>\n
\n
\n
to reach out to the guys who have been<\/div>\n<\/div>\n<\/div>\n
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successful<\/div>\n<\/div>\n<\/div>\n
\n
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i mean the biggest thing with that is<\/div>\n<\/div>\n<\/div>\n
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well certainly you know what he does<\/div>\n<\/div>\n<\/div>\n
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works<\/div>\n<\/div>\n<\/div>\n
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the question is will it work for you but<\/div>\n<\/div>\n<\/div>\n
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there’s<\/div>\n<\/div>\n<\/div>\n
\n
\n
and don’t always look for you know i<\/div>\n<\/div>\n<\/div>\n
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wrote about this in one good trade<\/div>\n<\/div>\n<\/div>\n
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i distinctly remember the scene when we<\/div>\n<\/div>\n<\/div>\n
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first started<\/div>\n<\/div>\n<\/div>\n
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smb capital there was a guy we brought<\/div>\n<\/div>\n<\/div>\n
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on who was up and down<\/div>\n<\/div>\n<\/div>\n
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and he had one of the great weeks that<\/div>\n<\/div>\n<\/div>\n
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you’re ever gonna have<\/div>\n<\/div>\n<\/div>\n
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as a prop trader relative to his ability<\/div>\n<\/div>\n<\/div>\n
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i mean he just was on fire<\/div>\n<\/div>\n<\/div>\n
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and and this guy was relatively unknown<\/div>\n<\/div>\n<\/div>\n
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before this week he has this on fire<\/div>\n<\/div>\n<\/div>\n
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week<\/div>\n<\/div>\n<\/div>\n
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people can see his p l he’s lighting it<\/div>\n<\/div>\n<\/div>\n
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up<\/div>\n<\/div>\n<\/div>\n
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you know by the end of the week<\/div>\n<\/div>\n<\/div>\n
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everybody at the firm is over at this<\/div>\n<\/div>\n<\/div>\n
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guy’s desk<\/div>\n<\/div>\n<\/div>\n
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\n
uh asking him what he’s doing and<\/div>\n<\/div>\n<\/div>\n
\n
\n
it turned out that guy never really made<\/div>\n<\/div>\n<\/div>\n
\n
\n
it never sustained as a trader<\/div>\n<\/div>\n<\/div>\n
\n
\n
and so uh you know but<\/div>\n<\/div>\n<\/div>\n
\n
\n
you can learn a lot from even the<\/div>\n<\/div>\n<\/div>\n
\n
\n
interns here the interns<\/div>\n<\/div>\n<\/div>\n
\n
\n
the interns here are super bright<\/div>\n<\/div>\n<\/div>\n
\n
\n
they’re even teaching the big guys<\/div>\n<\/div>\n<\/div>\n
\n
\n
so yeah we’ll introduce you to those<\/div>\n<\/div>\n<\/div>\n
\n
\n
guys but<\/div>\n<\/div>\n<\/div>\n
\n
\n
there’s a lot of learning that gets done<\/div>\n<\/div>\n<\/div>\n
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\n
hey go ahead and 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 and the<\/div>\n<\/div>\n<\/div>\n
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trading community and please take the<\/div>\n<\/div>\n<\/div>\n
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\n
time to add your feedback<\/div>\n<\/div>\n<\/div>\n
\n
\n
in the comments section for what videos<\/div>\n<\/div>\n<\/div>\n
\n
\n
you’d like for us to produce next<\/div>\n<\/div>\n<\/div>\n
\n
\n
and what you found helpful from this<\/div>\n<\/div>\n<\/div>\n
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\n
video from all of us at smb train<\/div>\n<\/div>\n<\/div>\n
\n
\n
and trade well<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\"\"<\/a><\/p>\n

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

In this video, learn how a former part-time retail trader, who blew up his trading account, rebounded to become a prop firm. 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