10-Year Trader: Anyone Can Learn Technicals, But To Be Profitable You Need To Master THIS!

got to be emotionless when it comes to trading. You've got to be able to not

trading. You've got to be able to not celebrate a win and also not cry about a loss because nobody out there can predict an outcome of whether your trade is going to win or lose. You can have the idea and the probabilities, but nothing stopping the market from just

dropping and taking your stop loss. You

could have the highest quality setup, all of the confluences, all the bells, whistles, absolutely everything, and that trade could lose, and a complete beginner could come in and press sell and it could win. People cannot

understand it's an emotional sport, and that's the reason they lose. You can

pick up the skill pretty quick, but your emotions will completely take over your brain. When I talk to traders, the most

brain. When I talk to traders, the most important thing they can do before anything, before they've done a course, people think if my stop loss is really tight, I'm going to make more money. But

when you keep looking for high-risisk reward setups on smaller time frames, I just think you lose more. So when people come to the small time frames and they think, "I've taken 20 trades this week, which is a lot. I've lost 10 trades."

They haven't got the energy to even think about the trades they might win and mismanagement of how they handle the positions when they're in them as well because they go to break even way too early or they don't let the trade hit the take profit. So their riskreward

doesn't count for anything. Rather than

just let the market breathe, trust your ability analysis and you might get a 1 to2 trade out of it and that might look like £100 to your account first, but once you scale whether it's prop firm or

live capital that £100 turns into £5,000 and then it turns into £10,000. Anyone

could take a winning trade and the guy that's doing all the hard work could take a loss and a beginner just randomly presses by and it went up. So the

winning trades are a given and the hard part becomes is eliminating the losses in between. And that could be from

in between. And that could be from psychology, that could be from overtrain, that could be from stop-loss placement. There's many reasons for

placement. There's many reasons for that. If the wins are a given and we can

that. If the wins are a given and we can all take a winning trade, we just need to eliminate as many invalid losses as we can. What would be your step-by-step

we can. What would be your step-by-step process for trying to achieve less losses in a system?

>> We have our confirmations that we know play out. Whether it's

play out. Whether it's Ladies and gents, welcome back to another episode. I'm joined by a fellow

another episode. I'm joined by a fellow Britz. Tom, good to have you here. Uh,

Britz. Tom, good to have you here. Uh,

we've been discussing a bit off camera now, the style you have in the markets, and we both started in 2015, so we both crossed our decade in the market and we're both trading Euro dollar, pound dollar. So there's a lot of

dollar. So there's a lot of commonalities here, but the thing that stood out to me just now was your transitions where you've gone from M1 and kind of intraday and now more to

higher time frames and and a bit more swing or intra or day trading.

>> Walk me through the benefits of taking yourself up time frames as opposed to deeper into the lower time frames. So I

I think most people So most people will go to the smaller time frame because in their head they're taught or they think and they believe that it's going to save them time. They can be in and out of the

them time. They can be in and out of the market quickly. But naturally people's

market quickly. But naturally people's probably spend two to four to five even six hours on the one minute chart looking for an entry. Mhm.

>> What I think is when you trade on a higher time frame, so maybe the 1 hour or the 4 hour, which to some traders may even still be a smaller time frame, you can make your analysis in 5 10 minutes,

30 minutes max, and you can see a trade, you can set an entry and you can close the laptop because the outcome is the outcome. when people trade on the one

outcome. when people trade on the one minute time frame or or the 30 second you see online especially I I I just think you're going to take more entries naturally because you're going to see more opportunities

which just means you're going to leverage more in capital whatever your risk is and it's going to take more time but people because people are that confidence in their ability to judge

where they think the trade or the bias is going to go they would actually get their bias right all the time a lot of the time by trading with the direction so If they wanted price to go higher, they might say, "I want it to go higher

and it will go higher." But where they go wrong is they lose their entries.

They can't find anything because they're on a small time frame trying to find something. And I I also think that the

something. And I I also think that the way people learn, they start on the very small time frame. I was one of them and they start on the very small time frame, but and it's very fractal in that it

moves the same. It a candle prints the same way on a one minute time frame than it does on a day time frame. The only

difference is it's faster.

So if it's faster, you've got to act quicker, you've got to react quicker. If

it's slower on a 1 hour or 4 hour, you've got all the time in the world to make the best decision you can to actually enter that trade. And it's a time element as well for me is that when

I trade on a 1 hour or 4 hour trade, I know I can set the position and the rest of the day is mine, which is the point of being a trader. It's it's it's to create more time. It's to leave your 9

to5 job is to work less but work more for yourself and create the ability. So

if I can trade in the London session, take the trade, the rest of the day is mine to go and do whatever else I'm I'm doing.

>> So I want to touch on this before we get into the nitty-gritty of the technicals.

>> The illusion of becoming a trader is I have my job and I want to side hustle.

So I'm going to pick up trading on the weekends and and and learn in the weekends and overnight over the evenings. Uh but what most people come

evenings. Uh but what most people come to realize is that it's not something you can do as a hobby. It's it requires that full-time effort. Um is it is it an illusion or true that with time you can

actually make it this almost passive thing just a couple hours a day or even a week or is or do you have to treat it you know if you treat it like a hobby you get hobby results. So if you want real results you got to treat treat it like a full-time thing.

>> It's a full-time it's a full-time business job without a doubt. But the

idea behind trading or being a trader is how you look at it. If if you want trading to be a main income, which I don't think many people when people get to trading, trading is not their main income because what trading does it

creates a foundation for you to go and do the rest of the stuff. real wealth

could be created in or the only way real wealth is created is multiple streams of income more more than one thing because the reality is I used to think and I was I I people would say you could earn 10%

a week 5% a week and you realize actually you can't you can earn you can earn 10% in a week one week the next week you can win nothing the week after

that you can win nothing and to get maybe 5% in a month consistently over the year would be great maybe 10% great but the reality is it doesn't work like that every month.

>> You just you just can't you can't predict what's going to happen. You

could have you're going to have good months, you're going to have bad months.

What your P&L looks like over a year, even two years, is the determining factor.

>> And I I I don't I think trading obviously is a full-time empire, but I don't think it's a full-time job in that it's going to be there. It's not going to be something you stick with forever.

I speak to people all the time where they say, "I just want to take a couple of trades in the evening and earn a little bit more and all And I think if you if you give that amount of part-time effort to it, you're going to get the

part-time results back.

>> It's it's it's you get what you giving with it really. I think it's also a sense of paying your dues because what I've noted as recently we did the US tour and we were speaking to guys 50 60

plus is the journey of a trader has always been start off in the lower time frame and intraday probably because they want to get fast results and and higher returns and then you see that evolution as someone goes through their 30s 40s

50s all the way to their 70s it becomes more day trading than swing trading and then it becomes just investing and long-term hold and I think it's probably this idea of the headache has gone on

and and you have enough capital now for the smaller percentages to do the heavy lifting with the larger capital and um and then you get that work life balance.

But I think trying to do that from day dot probably isn't the way because you got to earn earn the right to do so.

>> I like I really like what you said here of um people get the direction right but mess up the entry.

>> Would you say it's accurate that majority of newer traders uh are more likely getting the directional bias right and it's just the entries and the lower time frame that they're messing up? Yeah, because from a higher time

up? Yeah, because from a higher time frame, from a daily time frame and a weekly time frame, it's very obvious to look at it straight. A beginner could look at it and think that's going higher, that's going lower. Even on a 4hour time frame, that's going higher,

that's going high. Which way is Bitcoin going right now? Even Even on it looks like it's going lower right now.

Overall, higher time frame, it's going higher. So, when you zoom out and

higher. So, when you zoom out and actually look at it, it's it's a trend moving higher. So, we've determined,

moving higher. So, we've determined, let's say, Euro for example, or the NASDAQ wants to go higher. it's

retracing into a point where it's on a cycle. It's going to move higher. So, we

cycle. It's going to move higher. So, we

just have to buy price higher because you're gonna you're going to get a higher probability setup if you trade in direction with the trend. And a lot of people think, well, if the daily time

frame isn't in the area I'd like to buy at yet, I'll go on to a smaller time frame and I'll sell it into the area.

>> Yep.

>> So, they're in a retracement. They're in

a reversal on a higher time frame. And

then they wonder why they keep losing because the price has decided to move higher because the higher time frame is going to determine the overall direction. And don't get me wrong, I

direction. And don't get me wrong, I know traders who can who have been really good trading reversals, but they're not they're not traders who are trying to hold price longer. They're

they're traders who just want a very small piece >> of the market and they know exactly what they're looking for, but also they've got ample experience. People that don't people a complete beginner coming into the markets needs to understand the very

fundamental of structure. Higher time

frame is going to trump. If you're going to if you're going to buy or sell, buy with price that's moving in the right direction. And if you're going to sell,

direction. And if you're going to sell, sell it when price is moving in the lower direction as well.

>> Building off this idea, we can see that higher time frame narratives would be more trend. And uh obviously it moves

more trend. And uh obviously it moves slower, so there's less decisions per hour. So it's it's a lot easier to work

hour. So it's it's a lot easier to work with. And because you're mentioning here

with. And because you're mentioning here that the entries is what people struggle with the lower time frame and also the stop- loss placements because if you do a lower time frame entry but put your stop loss at the bottom of that demand

or above that supply and then you have a larger stop loss. You can kind of hybrid lower time frame entries with higher time frame stop losses. Did you ever experiment with something like that?

>> Yeah, I've stop again stop loss placement is one of the biggest things because people can't fathom when when when they enter and where their stop loss is. People think if my stop loss is

loss is. People think if my stop loss is really tight, they think I'm going to make more money rather than if I allow the market to breathe, even if I bring

it 15, 20, 30 pips lower in and my entry is high, I'm looking for 60 pips or something like that. A lot of people can't fathom that because they want to get a 1 to5 riskreward, a 1 to 10 risk.

I've tried all that before and I I noticed you can make a lot of money when you get a high riskreward setup. But

when you keep looking for high-risisk reward setups and smaller time frames, I just think you lose more. And I think a lot of people struggle with losing in the markets. So when people come to the

the markets. So when people come to the smaller time frames and they think, "I've taken 20 trades this week, which is a lot and I've I've lost 10 trades."

They haven't got the energy to even think about the trades they might win.

And mismanagement of how they handle the positions when they're in them as well because they go to break even way too early or they don't let the trade hit the takeprofit. So their riskreward

the takeprofit. So their riskreward doesn't count for anything. and

essentially they're trying to get these really small stop- losses rather than just let the market breathe. Let the

market do what it needs to do. Trust

your ability analysis. Understand that

it might take a day for your trade to play out and you might get a one to one, one to two trade out of it. It might

come into profit and it might be slow and that might look like a £100 to your account first, but once you scale, whether it's prop firm or live capital, that £100 turns into £5,000 and then it

turns into £10,000. And then that's how you you scale. you you you learn to start small and then you build you build up as you go and then once you've got a year, two years, three years experience, then you're not going to be thinking

about the c you're going to be thinking about I know where I'm going. I know

where my stop loss is going to be. I

know the market's going to breathe.

Because a lot of people will will say, I'm sure you've had your experience as well. If my stop loss is too short, it

well. If my stop loss is too short, it will it will hit my stop loss and then it will move in my direction. If you

have enough capital on on a trade, your broker might not even allow your stop loss to be that unless you're trading futures and things, but your broker might be allow your stop loss to be >> that slippage. Yeah. Let's take a moment

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late. So to unlock all of these benefits and work with a leading prop firm in the industry, Funded Next, check out the link in the description or use the code to. So just building off this and also

to. So just building off this and also being a bit of a devil's advocates when you are looking at lower time frame entries the people that are in the M1 M5 they are looking to time the market where the direction I think can be

learned qui quick quickly it's just uh POIs and trend um but the hard part to master is that entry and the reason for that as you're saying is for better risk-to-reward profiles the reason I I

can see people saying I wouldn't put it at the bottom of the demand area and giving it that breathing room uh even though it diminishes the risk-to-reward is because the reason I got into that trade is because it that lower time frame gave me a confirmation or a

rejection and therefore it has that rejections related invalidation. Hence

my stop loss placement is going to be the invalidation of that rejection cuz it's not it's still going down deeper into the POI.

>> Do you think the struggle therefore becomes of or should we even consider how we can time the markets or is it just really playing that supply and demand zone and and giving the you might be in that trade for a few days before

it starts going into profit? Yeah, I

think the what you say about this the everyone knows where their confirmation is on the smaller time frame especially I think I notice a lot more manipulation for example a wick will come lower a

candle will come lower and then go higher and then it will look you'll see the wick form that's your stop loss has gone and then it will continue to go in your direction maybe their confirmation is to wait until that's happened or after it's happened or something like

that I don't know but a lot of the time it might decide to wick lower again >> and then it will go up and then you've lost the second trade and then it might wick down again and then it could just be a little bit of a cease or choppy

price action as where if you've entered on a 1 hour chart with your stop loss under the 1 hour low or high depending on where you are.

>> You're in the trade already. You're just

in you're in your draw down and and all this stuff that's going on the smaller time frame is happening whilst you're out doing whatever you're doing and you're not looking at it because most people lose their trades and can't manage their trades when they're at the charts looking at

>> if I'm in a trade right now. I have no idea if I'm out or in or whatever at the moment. And I love that because it allow

moment. And I love that because it allow it stops me managing it. It allows the trade to just do its thing. I think

people that mess with their own trades go break even too early. It ruins their riskreward. It ruins their ability to

riskreward. It ruins their ability to scale and make capital. And then when they lose, they're losing more because they're not winning as much because the only way you make more money is by paying yourself and allowing the trade

to hit the table probably. You got also real targets for like realistic target.

If you're looking for a 1 to 10 riskreward, I don't think they happen a lot. I like a one to two risk rule

lot. I like a one to two risk rule because it I know it's a realistic target of a trading range high or low and I know that realistically price should get there. If it doesn't it doesn't. This idea the reason I asked

doesn't. This idea the reason I asked the question of is it harder to get direction or is it harder to get the entry is for this exact reason that you said of just price getting flushed or we can go on a stop loss hunt or a

manipulation whatever the term is but it's definitely more apparent or more often on the lower time frame. Do you

think people should embrace that and say, "Okay, this is an entry type and I can use it to my advantage." Or better, as you're kind of alluding to now in your career of just take the larger zone and avoid yourself of trying to figure that out.

>> Yeah.

The the issue people have is that they they lack the confidence to believe in themselves when it comes to trading and they lack the confidence to take entries

and they're too they're too focused on the loss and they're too focused on what happens if I lose because they're overextending themselves financially or with the time restraint they might have put on themselves. So, for example, if

someone is if someone's trading a funded account and they're not ready for a funded account because they haven't got the experience or they're just not they're quite frankly not good enough for it yet. They're they're in a trade and they're watching it because they're

so desperate for it to not hit the stop loss. As soon as the stop loss is even

loss. As soon as the stop loss is even in the wrong place or or they they forced the trade or whatever, they can't manage it because they've got too many emotions going on their head. You've got

to be emotionless when it comes to trading. You've got to be able to not

trading. You've got to be able to not celebrate a win and also not cry about a loss because you cannot nobody out there can predict an outcome of of whether

your trade is going to win or lose. No

one can tell you the direction it's going to go. You can have the idea and the probabilities it's a bullish market so we want to go higher. It's a bearish we want to go lower but nothing stopping the market from just dropping or pushing

higher and taking your stop loss. You

could have the highest quality setup with the highest all of the confluences, all the bells, whistles, absolutely everything and that trade could lose and a complete beginner could come in and press sell and it could win. But we use

these confirmations that we have as as an edge in the market which allows us to look at the probabilities rather than the facts because the market doesn't give facts. A sentence that I like to

give facts. A sentence that I like to use as a north star, especially for newer traders, is this idea that just what you said is anyone could take a winning trade and the guy that's doing all the hard work could take a loss and

a beginner just randomly presses by and it went up. So the winning trades are a given and the hard part becomes is eliminating the losses in between. Um,

and that could be from psychology, that could be from overtrade, that could be from stop-loss placement. There's many

reasons for that. But with this idea in mind, I want to hear your thoughts on if the wins are a given and we can all take a winning trade, we just need to eliminate as many losses as we can or as many invalid losses as we can. What

would be your step-by-step process for trying to achieve less losses in a system? riskreward um is the most

system? riskreward um is the most important thing for me to rely on when it comes because I don't I don't think we should be prevent doing what we can to prevent losses in a term of ex we

have to accept them that they come because like I said we we have our confirmations that we know play out whether it's two let's say three confirmations that you have simplistic

it's it could be a market structure level that you want price to hit >> in that level you could find a trading range that's going to go high to give you that move and And the entry is going to be at a Fibonacci level. That's how I would trade it.

>> Okay?

>> If you see it, you enter it with your stop loss below the low if you're buying and to take profit in a level which is going to give you a 1 to2 riskreward

which is a Fibonacci OT level basically in that position.

>> Sorry, are we talking here like a fib extension as your target or is just back to the complete uh new higher high? just just

the high of the trading range this imaginary trading range that is being formed. So, if I'm taking this trade,

formed. So, if I'm taking this trade, that's that's met my confirmations.

I need the trade to be a one to two riskreward because if the trade loses, then I've lost the trade. I can't take that back. But if the trade wins, I've

that back. But if the trade wins, I've I've had So, if I've risked £100, I get £200 back. So, I've made more money

£200 back. So, I've made more money through the win. If I take 10 trades, that allows me to have a 50% win rate, which means I'm still making money based

off the riskreward. And what that means is it allows you to actually lose trades and it takes the pressure off having to win more trades because this whole thing of 90% win rate is not real in my

opinion. I understand people have that

opinion. I understand people have that right now if they think they do but I don't think over a year, two years, three years, four years it's a real thing. I think that you're more likely

thing. I think that you're more likely to get around. I mean, I know traders that can make a lot of money on a 30 40% win rate and they rely on the thing of riskreward. And it's being emotionless

riskreward. And it's being emotionless to just saying, "Right, I could lose this and it's fine if I lose it."

Because I know that mathematically I can't not make money with the strategy because I know over time the strategy does play out. It's almost like if you flip a coin 10 times, heads is a winner,

tails is a loser. It's impossible that it's going to hit heads or tails 10 times in a row because it's a flip of a coin. It's a 50/50 chance. Well, if

coin. It's a 50/50 chance. Well, if

we've got a trade, which is a 50/50 chance, but instead of we're now adding three confirmations, which actually makes the coin a little bit more weighted towards heads, which is a win.

So, we know that actually it wins more than it loses, but it does still lose.

You have to accept that it does still lose. So, it's not about avoiding

lose. So, it's not about avoiding losses. It's actually it's about

losses. It's actually it's about embracing them as well. For me, it's about understanding, look, I don't need every trade to win because I know every trade can't win. There's nothing we can do to prevent it. We can minimize it by making sure that we look for those

confirmations and we look for the trade to be what we're happy with. But we have to follow the system. And I think another issue people have is when there is a trade that isn't there, they lose

more trades because they feel like they come to the charts to trade. They have

to find a trade. They think they need to they think they need to find something and if they don't, they'll force something. That's where most losses also

something. That's where most losses also come from as well, forcing things that just physically don't exist. Let's walk

through some trading KPIs. Uh key

performance indicators where you have the win rate that we're alluding to here and a high win rates, extremely high win rate probably not possible longterm.

>> Uh and a low win rates probably has a burden on psychology. So would we prioritize that or should we prioritize riskreward? Anything above a 1 to2 or I

riskreward? Anything above a 1 to2 or I guess below one to one doesn't make sense. But then also trade frequency.

sense. But then also trade frequency.

How many trades per week do you take?

Because that influences your rate of return. Uh but then also how much time

return. Uh but then also how much time you have to spend on the screen and let's say risk per trade. If we were to weigh these four things uh what order would you have them in in terms of prioritizing?

>> Well risk would be the most important >> risk per trade >> how much you're risking because again the reason people are losing and and they're upset by the losses because they're risking more than they actually

want to lose.

>> Risk is everything. to make to make money involves risk. To go and even to go and go and get another job, you've got to leave your job, take a risk and take a leap of faith to go and do it.

And that risk pays off. When you invest in something, to make money, to become millionaire, you've got to take risk to to to do anything in life. You've got to take risk. And people don't like taking

take risk. And people don't like taking risk in trading because they they're risking more than they're actually willing to lose. So, and I always say there's a there's a bridging gap in my opinion when people go towards funded accounts and demo accounts. you can do

really well on a demo account because you're risking money that isn't real.

But when people go to funded accounts that even though they've done well there, they've proven they can do it, they go to the funding account and they can't do it because the pressure of oh well I'm risking too much or I don't like this or I'm not happy with this cuz

they don't want to lose. I think they to learn and practice risk. There should be a bridging gap of a small a live account like 200 pound 300 pound whatever your broker would allow as a minimum and with

that it's if you if you invest 500 pound or£400 and it's not money you care about losing it's money that if you bro bloody account it's fine and you're risking maybe5 a trade if you lose that it's

just5 it doesn't matter just5 but it's teaching you to understand risk so if when you get to risking £1,000 a trade are you happy to lose £1,000 because when you enter this trade there's no guarantee you're going to win this trade

whether you like it or not. So, are you happy to buy this position? Whether it's

a buy or a sell, it's the same as running a business. If you are buying something for your business before it gets a return, you need to accept that is a risk. It might not work. Your

business might not be good. And it's the same with trading. The trade might be bad. And I I take bad trades. We all

bad. And I I take bad trades. We all

take bad trades. We're human. AI will

take bad trades when it eventually comes in, does whatever. Like, it makes mistakes.

>> And the reason I say risk is the most important is because you need to be happy with what you're risking. If you

can't risk £1,000, risk £500. If you

can't risk 500, risk 200. If you can't risk 200, then you're probably not fit for trading, you probably need to accept that you don't like, you're somebody that doesn't like risking things, which means trading is not for you because you got to you got to risk more to make

more.

>> I like that because a lot of people think trading is for everyone, and I've come to realize that certain personality types or risk tolerances are more catered for trading. Yeah.

>> What do you think is an ideal framework for a trader in terms of they've got it they've got that temperament to make it >> to be to be a trader? You've got to be you got to be completely acceptance. We

got obviously ambitious. Everyone's

ambitious. Everyone whether they realize that they are ambitious and then you've got to be but you've got to be acceptance of risk. You got to be sensible in terms of have a bit of common sense about you understand that >> because again the reason a lot of people lose is because they get sucked into a

lot of these adverts about copy trading and things like that. very, you know, basic stuff to avoid, but doing it the right way is is the most important thing

to make sure you don't because to someone that doesn't trade, who is an entrepreneur and someone else that doesn't want to promote trading, we'll say, "No, no, trading is too risky. 99%

are losing." But let's dive into why 99% of people actually are losing. It's

because they're investing money they don't have or have without any prior education or understanding as to why why they're why they're in it. It's the same as Bitcoin. Everyone buys Bitcoin when

as Bitcoin. Everyone buys Bitcoin when it's trendy. It hits the news. Oh,

it's trendy. It hits the news. Oh,

Bitcoin's up. Oh, so what happens?

Everyone buys. And people that are making money are buying Bitcoin because they have a logical reason as to why they're buying Bitcoin. They have reason to believe that it's going to enter a bull market or something like that. And

trading, if you do it properly, requires no risk because you can do it for free.

You don't have to buy somebody's mentorship if you don't want to. You can

go on YouTube. You can look at the stuff. You can look in. You can go on

stuff. You can look in. You can go on baby pips.com and you can learn for free and you can trade on a demo account. You

can download trading view completely free of charge and you can learn all this stuff for free. You can buy a funded challenge which can have all these deals and all that kind of stuff.

So when people lose everything, it's because they've leveraged everything probably because they're desperate or something like something's happened in life to make them think I have no choice but to do this. They're not traders.

They're gamblers and they have a problem with gambling, which means no, trading is probably not not for them. That

sentence of 95% of traders lose, it's true, but it also feels like it's it keeps people in a hole when the reality of it is it's quite liberating that

>> if you compare apples to apples, if you look at doctors, uh I'm sure if you allowed anyone off the street without a degree or anything to start, you know, doing a surgery, yeah, 95% of surgeries would go horribly wrong. Same for the

NBA. Like how many high school kids want

NBA. Like how many high school kids want to play in the NBA in the US? Probably a

lot of them. How many make it to the NBA? I think anything in life worth

NBA? I think anything in life worth having has this same 95%. We're just

comparing because the barrier to entry solo with props and all these discounts etc is that anyone can do it. But if you filter it out now and say people that have you know given that 10,000 hours I'm sure the stats are a lot more

favorable which is something to hold on to for the for the younger trader who is struggling. I want to move on to this

struggling. I want to move on to this idea that you were saying uh the trend is something to follow and you know zooming out a bit makes it a little bit easier. A narrative I'm seeing online at

easier. A narrative I'm seeing online at the moment is everyone should go towards futures and apart from the spread benefits and the props are cheaper and how much you can scale. There's all

these plays but I think a big reason that people do it is because forex a healthy efficient forex market shouldn't be trending in one direction forever. It

should be kind of consolidating because this shows two economies are stable in comparison to each other. Whereas you

look at an index or you look at you know the strong stocks they have a bakedin trend. So therefore it becomes easier to

trend. So therefore it becomes easier to follow that trend and therefore easier to trade >> as you are someone who is now recently dabbling into futures or migrating towards would you say that is the reason

you are doing it?

>> No I think it it depends how you look at volatility as well. Futures futures has obviously the benefits. I don't I don't see many too many disadvantages with trading forex or CFD brokers because

I've done it. I'm I'm used to it. I

understand spread. I understand

slippage. I understand all that stuff. I

understand the benefits of why futures is obviously there. I don't agree when people say if you don't trade futures you're not profitable. I've I've done just fine trading on that. I love forex.

I think for me I'm I still trade I trade the Euro futures chart or or the NASDAQ.

But I think I think the bigger move people love the bigger moves the more volatility because they get that that sort of dopamine hit of the bigger move.

But I think you also need to look at the safer move which I think more is actually on EuroUSD as it can be easier to sell and and look for a sell or a buy

or whatever in Euro if you know what you're looking at. You've been doing it for a certain amount of years in in the stock market. It could fall 20% with a

stock market. It could fall 20% with a moment's notice. a a tweet from the US

moment's notice. a a tweet from the US president a >> something to do with the US China war, some sort of tension, something goes on and suddenly the stock market's gone and

no one understands why. Not gone, but drops and no one understands why.

>> That doesn't happen as much on Euro USD or pound USD. So that's why I call it a little bit of a safer thing to trade, but I don't think it actually matters too much. I I have seen the noise. I've

too much. I I have seen the noise. I've

seen a lot of people talk about futures and I I get it. I have got a futures account just to see what it's like. I I

personally I still prefer trading on MetaTrader. I think I'm just a man of

MetaTrader. I think I'm just a man of routine.

>> Same.

>> There are probably superior platforms but >> yeah on Metatra is awful but but but at the same time I just I just know it.

I've got I've got this um it can help me with calculating the lot size and this um Forex calculator it's called and it's really good and I just shift and te and it trade and it works out the risk. It's

perfect. But yeah, if you I get it. I

get it and there's no I don't think there's right or wrong. I I think the people that have a massive issue with Forex, it's like well just let them get on with it.

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firm. And with that being said, let's get back to the episode. What I feel like it is is I noticed these patterns and you probably have in the last 10 years of there's always a new buzz thing. And it's really easy to say,

thing. And it's really easy to say, "Hey, I'm struggling in my way of training right now." Uh, and instead of addressing the issues, oh, there's this new shiny thing that everyone's talking about. Let me jump to that. And then you

about. Let me jump to that. And then you just enter that cycle of uninformed optimism, informed pessimism, and value of despair, and then jump. Uh, and I think this is maybe another one of them where it was, I mean, we could talk

about the switch where everyone went towards these strategies, towards ICT, and then towards prop firms, and there's there's always a new thing to do. Uh h

have you kind of stayed in your same lane for for the last 10 years?

>> Yeah, I I I find it for me it's simplicity is key. Once you find something that works, why would you ever need to leave it again? Like the new the new trend I find I've seen online and I

actually find it really funny because I notice a lot of quote unquote ICT smart money traders who were pedalling their strategy

a year ago. They're now combining it with the orb strategy because the orb strategy is the new trend that I >> What is the orb strategy? I don't think >> I mean I don't I don't trade it, but I believe it's just it's just a breakout of the first 15-minute candle.

>> Oh yeah.

>> And a retest of it. Um

>> Big Daddy Max trades it and uh he's he's he's kind of >> made that really trendy and it's brilliant and he's he's he's doing really well with it. But a lot of people are jumping onto this new strategy and

that's fine. and they can do that. And

that's fine. and they can do that. And

I'm not saying this this strategy is looks like a really good strategy. But I

I would never sit there and think, right, that looks like it's working really well. That's an opportunity for

really well. That's an opportunity for me, but the thing over there was working anyway. So why do I need to

anyway. So why do I need to >> leave what I'm doing there to go and do something new? I actually had a comment.

something new? I actually had a comment.

I did a live call to to a couple hundred people about a month ago and about six months ago now actually and um a guy literally criticized me saying, "You just teach the same stuff every week.

when are you going to start teaching something new so I can learn something new? And I said, because this is what I

new? And I said, because this is what I do. This is what I know and understand.

do. This is what I know and understand.

There's no there's nothing else to do.

If you're bored, move on. But I'm going to teach you the same stuff I see. And

if if I come back the next day and it's different or or if I come back the next day and nothing's changed, I'm not nothing to talk about. I'm waiting for what I want to be there. I don't I've never ever claimed to know

>> all these different strategies, how the market moves. And I equally don't judge

market moves. And I equally don't judge people that make money trading in a completely different way.

You've got, you know, the girl across the pond trading trend lines, crushing it over there. I don't trade trend lines.

>> And I don't I don't have an issue with anyone that does trade trend lines because I know that they can work, but that doesn't mean I have to go over and do it. And

do it. And >> equally with the whole ICT thing, there's there's many I know traders who have made a lot of money trading the way he trades. And I trade the OT range,

he trades. And I trade the OT range, which he taught really really well. And

and and there's there's so many different ways people could do it. And I

think people that say, "Oh, he's a scam.

This or this, this doesn't work. That

doesn't I'm going over to this strategy now." It's just because they haven't

now." It's just because they haven't found their own direction, their own route. I think once you find something,

route. I think once you find something, the best thing you can do to scale is stay in your lane. Do something and then do it 100,000 times over and then do another 100,000 times over and really crack that.

>> You know, even just looking back at the last four or five episodes that I've done, it's exactly this sentiment where uh Bobby had on the show, he said he doesn't believe in buy low, sell high. I

was like, "That's trading 101."

>> I saw that. Another guy is saying that um it was Tom Basso. He was just he just makes a market structure range and then just puts a buy limit if he wants to go bullish at the top of the range and it's just a breakout of a range. No test, no

Fibonacci. It's just as simple as that.

Fibonacci. It's just as simple as that.

Even uh statements from even Brando, one of the recent ones, he just doesn't use a stop loss. It's like all of these things people would say is that's a cardinal sin in trading. Yes, these guys are making it work. And I've just come to accept there's a million ways to make

a million dollars in this game.

>> Yeah. Like that's it. And I think good good for them. That's that's and for me I think there is the the thing is everyone's trading a different way.

You've got trend lines, you've got supply demand, you've got volume trading, you've got all these different things to just determine whether the market's going to go up or down. It's

only going to go up or down. It can't go anywhere else. It can go sideways for a

anywhere else. It can go sideways for a little bit, but it still goes sideways in a in a direction. All we're doing is trying to find a simple way, a very simple way to make money. That's all

that's all the game here is to make money. the game. It's not for the ego.

money. the game. It's not for the ego.

It's not to my strategy better. I know

more than you. I don't care about that.

I I just want to come in, make my money, and go and then go elsewhere and make my money doing that. That's that's what everyone should be looking at. And I

think if someone if I don't there's plenty of strategies I've tried that hasn't worked for me, but that doesn't because that hasn't worked for me, that doesn't mean that strategy doesn't work.

It just means I didn't get it. And I

don't feel the need to go on to another strategy because what I do now is it's working really well and I enjoy it and it's simplistic for me. I'm I don't consider myself books smart. I left

school with two GCSEs and and I have the very strong mentality of if I can do this, I know anyone can do this. The only difference with so me

do this. The only difference with so me to a lot of people like my friends that are trying to do it is I'm happy to go in and just press those buttons when I see what's working.

>> Let's talk about longevity. uh you've

crossed now the 10 year mark and I'm sure there's a lot of moments that were hard a lot of triumphant moments but what do you think it gives or takes to have uh surviving a decade in the market

cuz a lot of people want to thrive but don't even survive let's say so what does it look like to survive 10 years here >> I think it's accepting that you're always going to be an apprentice in the

markets I still very much think I've got more to learn and I'm very accepting of the fact that I will learn I cringe when I look at my old content from 2 years ago. And it wasn't there was bad in

ago. And it wasn't there was bad in terms of what I was trying to say, but I've just learned so much more since then. And I'm continuing to learn more

then. And I'm continuing to learn more every day. I think being a sponge

every day. I think being a sponge >> to all the knowledge, >> surrounding yourself with people that want to see you win.

And just accepting that >> you're you're never going to be perfect.

You're always you are going to make mistakes. The same as anyone in any

mistakes. The same as anyone in any business, any profession makes mistakes.

and realizing that you do have to kind of drop your ego a little bit as well.

The market isn't there to get you personally. People think it is and

personally. People think it is and inevitably most people quit when it gets to the point where they can't afford to go and they've lost too much and it affects people's mental health and

people got to look after that. We got to understand and look after that. And

again, the key to surviving in here is to stick to stick to the lane you find works for you. Don't believe everything online, but equally it be accepting of the fact that there's a lot online to choose from because there absolutely is.

There's two there's two revenues or ways, sorry, you can look at it. Yes,

there's a lot of people that don't know what they're talking about, but also hang on, there's a lot of people that do know what they're talking about, a lot of good people online as well.

>> Yeah.

>> Who could actually provide you with life-changing information. So instead of

life-changing information. So instead of just criticizing everyone, let's look at actually there's a lot of people there that are also giving good good value as

well cuz it's it's Yeah.

>> Yeah. What would you say are things to look out for when you because I think a lot of people are like this they're a sponge and because there's no university for trading let's say you always look towards online and there's a million

resources now. uh how do you know or

resources now. uh how do you know or would you advise someone to say okay this is the filter process I need to have to make sure I'm investing my time in learning the right things and not

wasting it with a let's say a guru >> I think the most if I when I talk to traders the most important thing they can do before anything before they've

done a course before they've followed an influencer anyone is to read a book called Trading in the Zone and once you've read that book read it again and once you've read that book again read it

for a third time because that is more valuable than any trading strategy out there in my opinion. Because if you come into the markets with a view of after

reading that book because you will you'll look at the markets already differently of accepting that this is 90% what's going on inside your head is going to be the determining factor to whether you make it in this industry or

not. That is going to give you the

not. That is going to give you the biggest bigger head start than even learning what a pip is than learning a strategy than learning anything. So

reading a book, that book from Mark Douglas, Trading in the Zone, it's the most powerful trading resource out there and you can buy it for £15 on Amazon. And I think

that book's got to be your best friend.

And I also think in six months time when it's getting on top of you, read it again and in a year read. I've got it in my in my I've read it on the plane. Like

I read it. It's like a Bible to me >> and because people cannot understand it's an emotional sport and that's the reason they lose. you can pick up the skill

they lose. you can pick up the skill pretty quick and you can sit there and think, "Yeah, I I get this. High, buy,

high, sell, low, whatever. Anyone's

strategy, cool, like this. This makes

sense, but your emotions will completely take over your brain because people aren't they don't learn how to deal with

finances. They don't learn how to manage

finances. They don't learn how to manage positions. They don't learn all the

positions. They don't learn all the stuff that's actually vital towards them becoming a trader in in my opinion.

I want to talk about trading psychology but before that I want to get into the layers uh that create psychology and and something that I interestingly read was people that are born in a certain time

where their financial formative years are around a property crash they are a lot more hesitant to invest in property.

others who were in the financial formative years in a stock market crash equivalent sentiment. Meaning to say how

equivalent sentiment. Meaning to say how you viewed your parents struggle or your own financial struggle in those formative years really shapes your psychology throughout your career and

create these uh phobias or biases. Um

have you found that with the traders that you've spoken to or maybe even in yourself that you had some deep rooted beliefs that you didn't really question but you should have questioned? Yeah, I

mean it's very nor Yeah, it's very natural to follow someone's lead, isn't it? It's

very natural to whether they're close to you, whether it's just someone online, people want to just copy what people are doing as well. And I think with trading as well, once when you've doing it for a

while, if you learn someone's strategy, whatever it is, you'll find your own pattern eventually. But if you if you're

pattern eventually. But if you if you're too fixated on, no, I must do what they're saying because what they're saying must be right. But they're not always going to be right. And I see a lot of people will question, well, they

won't question whoever's taking a trade and they'll copy that trade, for example, but then their own original idea would have worked and theirs didn't, but they took that one because they have no belief that actually they can they can pick it up as well and their entry might be different and it

might work.

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with that being said, let's get right back into the episode. Where would you say belief or confidence in the market comes from versus overzealous using your ego trading you know with just a yolo

mentality or a casino mentality? Uh

where what is the correct way to derive this belief and confidence?

>> Time just there's only one way to get more confident when it comes to trading and that's by spending time doing it.

It's the same as driving for for example if you're drive if you drive a car subconsciously you know how to drive a car after 10 years of doing it. you

didn't when you first learned how to drive a car. And it's the same with anything. And I I spoke to this woman at

anything. And I I spoke to this woman at my event in Munich and she she asked pretty much the exact same question that you just asked there. And I said to her, and this is a woman that's can speak five languages, one of them being

Mandarin.

>> And I've said, "You you've learned something which is a million times harder than learning how to trade. And

how did you get so good at learning Mandarin, all these other languages?"

She said, "Well, it was time. I just

learned it. Time being there." Yeah,

exactly.

>> Yeah. Once because people compare their trading careers to the fact that they've been there three months, six months, a year. When you're five years in, the

year. When you're five years in, the knowledge you're going to have compared to what you had when you first started and in another 10 years, you're going to be unstoppable. And but they're too

be unstoppable. And but they're too fixated in the fact that they don't know it and understand it now. And the only thing you can do is keep spending the time doing it. And once you grab that

experience, that's nothing that can be substituted. Nothing can sub nothing in

substituted. Nothing can sub nothing in the world can substitute experience.

Every failure that you've had you should be grateful for because you've learned from that to push yourself >> further to the next to the next goal in my opinion because there there are going to be things now that you do wrong all the time but you learn from them and you

make them right and you go and crush it again and it's that's how trading is the same. You've got to you got to push it.

same. You've got to you got to push it.

>> I would agree. We recently did an episode and we were trying to define confidence and then we came up with a with a way to describe it and it was to the effect of uh having a stack of

evidence to affirm what you believe will happen >> and that can only be done when you've built that stack of evidence which will naturally take time and when I look at my own training psychology as a topic

I've spoken to a lot of people that have various beliefs and various approaches but in my anecdotal experience I never sat down and addressed it. I never had a routine or a psychology psychology hack.

It was just time absorbed all issues and I also modified my strategy towards my nature. So I'm quite impatient. So I

nature. So I'm quite impatient. So I

would be more in the intraday time frames. Uh I like being right more often

frames. Uh I like being right more often than I'm wrong. So then I I modified it to have a fast break even. So I've

always modified things to me and psychology with time took care of itself.

>> But with that being said, I have also spoke to a lot of traders that are very successful and even to this day will meditate 1 hour per day every day.

That's a lot of time to be doing something that that I don't do at all.

Uh is there certain tips and tricks or techniques you use to enhance your psychology or is it just time covers all?

>> Yeah. Well, I I used to you you read the thing is you read a lot of these people saying, "Oh, you need to you need to get in the ice bath 4 in the morning. You

need to really gravitate towards focus and you need to eat your 200 grams of protein every day." Okay. I think f being focused and and if you're if you're too stressed is is one thing, but

again, you're going to be better. You're

going to be so much better at what you're doing in 6 months if you just persist every day and just do a little bit every single day and keep going rather than if you've had an ice bath at 4 in the morning. I don't care if you

got up at 4 in the morning. That doesn't

pay you anything. What pays you is pushing it pushing the buy or the sell button.

>> You do an ice bath, do it in your own time. But for me, being online, pressing

time. But for me, being online, pressing the button. There's only one way to to

the button. There's only one way to to make money in the market. It's by

pressing a button to enter the market.

And once you enter it, it's going up or down. And that's going to determine

down. And that's going to determine whether you win or lose. You put a stop loss. You put a take profit. You risk

loss. You put a take profit. You risk

what you're happy with. You make sure your take profit's in a safe spot to the point where you get good riskreward.

Once you get good at that, you you just keep doing that. And your entries will look bad at the start and sloppy. And

once you've taken your 1,000th trade, your trades are going to look better naturally because you know exactly what what you're doing.

>> Now, I want to speak to the version of you now, which is, you know, you spent a decade and you've you've built your wealth and you've built a portfolio and would you say now things are easier.

Even though you're traveling a lot and you have the pressure of maintaining a brand and also your reputation also helping others, there's a lot on your shoulders, but your trading has now potentially been assisted because you

have investments in the stock market, investment with funds that can generate you a yield even when you don't trade.

And I wonder does this >> cuz in in theory it's like okay well if I don't trade I still made money so I don't have to chase the markets or is it segmented in your head and the market is the market and you still feel the

emotions that you always felt? No, I'm

I'm very emotionless to the market now.

I'm I'm for me it's it's just generating revenues of in income in different ways.

The market is one of them. Investments

another cash flow another. But I'm

emotionless if I lose or win a trade. I

don't sit there and celebrate a win. I

don't sit there and get upset about a loss. For me, it's just looking at a

loss. For me, it's just looking at a vision, a plan of right, this is this is what my goal for 2026 is. This is what I want to do. and being passionate about that goal and understanding that it's

just a process which needs to be happening to create more wealth or to help more people or to do the generational thing and help family and everything I'm doing has got a plan

behind it. Everything I do is there's is

behind it. Everything I do is there's is doing it for a calculated reason. My

opportunity to look at the markets is a very blessed skill because I know I don't need a sales pitch to be able to trade. I don't need to employ people. I

trade. I don't need to employ people. I

don't need a boss. I don't need customers. I don't need inventory. I

customers. I don't need inventory. I

don't need a website. I don't need anything like that. And I if everything went if all my businesses went completely bust tomorrow, I'd have the skill in my head of being able to trade.

And that's where trading is one of the most important because it's you against you. And once you've conquered that,

you. And once you've conquered that, you're able to go and do anything with the with the markets because it's in your head. Once you see it, you just you

your head. Once you see it, you just you can't unsee it.

>> Yeah. Let's speak about prop firms because I think the the sentiment of this from earlier was let the capital do the heavy lifting but the hard part is getting the capital and then emotionally adjusting to it. Would you say prop

firms now in this area is the best route towards that?

>> Yeah. Do you know the thing is with prop firms they're brilliant. They're evil to some and to a lot, but they're also brilliant because there has never been an easier way for someone who doesn't

have the money to come in and make money for a prop firm as long as you understand the rules they set in place.

I was with some students today and they we were talking about this and there was this news factor of you can't trade 2 minutes either solid news and what happens if my trade has been taken within 2 minutes without me knowing. And

I said, "Well, if there's a news event at 8:30 Eastern and you're not allowed to trade 2 minutes either side of it, that means that you stop trading. You're

out your positions by 8:00 a.m., so you can't get in the way of that. And then

you don't trade again till 9:00 a.m.

Eastern. It's a very simple thing to do, just to not trade in that specific event that's told you you're not allowed to, and you've already you've already found the loophole around that rule. Don't

worry about it." again overleveraging a lot of people are doing. A lot of people can make so much money off a prop firm and there are so many proof concepts of

that to the point where all they've done is follow the rules. You look at JCAP on Apex, unbelievable what he did. He just

followed his rules. He he just followed his rules. His his his strategy, his

his rules. His his his strategy, his concept, everything he's doing, everyone understands it. You talk to what he

understands it. You talk to what he does. He's just got a tunnel vision. I

does. He's just got a tunnel vision. I

know what I'm doing. I'm gonna follow the rules. I accept the risk I'm doing

the rules. I accept the risk I'm doing and he can scale and scale and scale.

And when he breaks down all of his setups, you think, "Oh, I could do that.

Well, go and do it then."

>> Yeah.

>> Because he's proven you can do it. And

and it's and it's utilizing prop firms and the reason people lose on the prop firms because they don't follow the very simple rules that are there. I

understand some prop firms are quote unquote dodgy and they look for the cheaper ones. And I know I know there's

cheaper ones. And I know I know there's been a lot of controversy, but all you need to do is learn the skill. Then do

your due diligence on a good prop firm, whether it's Apex or FTMO or whoever.

And then you go down that route of saying, "Right, all it is now, this is a business in my head, is I'm regimented towards whatever this rule-based thing is with the prop firm. I know where the violation is.

>> Yeah, >> I understand. I just need to get paid."

And then I think with a prop firm, it's it's a starting point. I don't think it's necessarily there to to take you for the next 10 years. is I think it's there as your starting point. That's

what happened with me. And I I don't I don't really feel the need to go back to a prop firm now because I think compounding cash flow compounding into a trading account is the better way

forward to do it. But that's for that's not a starting point. This is just where I am now. So yeah, prop firms are great if you know how to use them.

>> What would you say is the right time to walk away from a prop firm or just prop firm trading in general? M

>> the reason I say this is because the prop firm enhances a gamification approach and that can also instill bad habits for when you do pivot to a personal account. But also this idea of

personal account. But also this idea of uh the guy who wins in the casino is the one that makes a bit of money and knows when to walk away and the other guy might win a lot of money and then slowly bleed out and get addicted to it. And I

think profits can end up like that for a lot of people. I think that's why you said it's evil for some.

>> When is the right time to walk away? Is

it a dollar amount or is it a time or is it just when the rules stop getting >> favorable for the trader?

>> I think it's subjective. Well, I don't think, for example, with Jacob, I don't think he's allowed to go back into prop firms again.

>> So, I think when you make a certain amount of money, I think they're not going to let you in. It's the same with a casino. If you make too much money,

a casino. If you make too much money, they don't let you in. If you make a little bit at the start, they turn around and say, "Yeah, come back, have a have some dinner, have a sweet, >> you make too much, they say, "No, get

out." And it's so it's it's it's how

out." And it's so it's it's it's how it's very subjective to the individual is whether they think enough is enough.

How many prop firms they want to go and scale, how much if they if they're comfortable with actually I don't ever want to risk my own capital. I would

rather just leverage prop firms. There's also an argument to say you could you could leverage prop firms as a cash flow business when it comes to trading and your investment is your live account that you're compounding over time because if you keep paying if you're

using trading to pay yourself all the time then you're going to grow your account slower at the end of the day. If

if you let it compound over time and let it build, then you're allow then you're going to have the time to build that that wealth and and prop firms obviously you can't do that because you need to pay yourself otherwise it's only a

matter of time before a violation does come and get you. But it's it's equally it's just it's subjective to the person.

If you can Tom, walk me back to a time where you had a real struggle in the market or a period in your trading career could even be recent where you thought okay my luck has run out and

maybe I have to do other things for first 5 years was was really really a struggle. I think

a struggle. I think it it was bad to the point where I didn't tell anyone how bad it was. It it

was you do the normal stuff, the strategy hopping in. There was there was one particular person I put a lot of trust into who was trying to help me learn how to trade and said, "I will trade your capital for you." And I lost

a I lost £50,000 just on the spot. It it

wasn't even £50,000 I had. I had to find that £50,000 in another business I was trying to do at the same time. And it

was just all it was just all gone. And

there was nothing I could do. And

essentially it was it was as rock bottom as you can as you can physically get.

And it was just my own negligence which which got me there. It's and I'm not saying everyone should go through it but

I think everyone will go through something like that. I'm

not saying financially but emotionally where you just put your trust in the wrong person.

>> It's equally how I looked at it for the first few years of trading is I was looking for someone to trade for me. I

was looking for signals, copy trading, >> the easy way, >> all that stuff because I thought, "Oh, I can't do it. I'm just going to pay someone else to do it." And I think following too many people online who

were perceiving to teach it the easy way or trying to chop and change around. The

only time it really started clicking was when I just stayed in the lane and started to focus on the one thing in there. And then where I neglected my

there. And then where I neglected my mindset, I used to avoid the mindset videos like no tomorrow. I thought I'm not interested. I just want to know the

not interested. I just want to know the entry and I would avoid all of the videos about mindset. So like for example, if you look at some some YouTubers, their most viewed videos will be when they talk about the entries. It

won't be all the stuff before.

>> If you look at ICT on YouTube, his most viewed video is his 2022 mentorship where he talks about the specific entry.

People are ignoring the month one, two, three, and four, which is actually his most valuable stuff because they're not sexy and cool. And

I followed a lot of that because it's normal to and everyone does. And it was the issue I then had was losing a lot of money at the start. I became reliant on

a time like for example it was either go into liquidation with the business I had go bankrupt. No one knows this. No one

go bankrupt. No one knows this. No one

is aware of this. Not even my family are aware of this. Or suddenly it just sort of starts to click. Suddenly it just starts to happen and then there's only one thing you can do and it's just keep going or you can quit or you can keep

going and I just didn't quit and I've never quit anything I've ever done. It's

and I never will quit. I've made a lot of mistakes and I will continue to make mistakes as well. Now the difference is I embrace those mistakes. Did you ever have an environment around you, especially in these 5 years, where

things are not working out of a crabs in a bucket mentality where it might not even be on purpose, but like when things are not working out and you're making the sacrifice for time and you're skipping on socializing and whatever

that friends, old friends maybe are like you wanting you to retreat back to the comfort zone that would not end end you in the position that you are now.

>> Yeah. All the time.

There's there's there's there's no such thing as a a perfect time to to do anything other than yesterday. And if it wasn't yesterday, it's right now.

>> It's a very the industry that we're in.

I mean, you you probably know at the start as well, it's not an industry anyone can get on board with. So, you

don't get the natural backing of >> I'm going to go and get a job and and do this and this is the progression I'm going to do whatever. It's oh, I'm going to learn how to trade. They're like,

why? What are you talking about? What

even is that? Why would you do that?

And when when you don't have any support, it can be a very lonely space. And when

you're just in front of a laptop and it's all going one way, one way down the pan, everyone just thinks it's only a matter of time before it implodes. And

then when you don't have people around you that love you, support you, and want to see you win in that in that space.

You think you sit there and you think, I'm I'm at the bottom of a well, and I don't know how to get out of it. And

there's only one even if I try and climb, I just can't. And you just think, where where do I go from here? But you

find a way. You you find a way.

>> Do you think trading should be taken as this lone wolf like worry figure it out yourself or do you think people around you whether it's friends or family or even just online trading buddies a

community of sense uh is conducive to a positive outcome.

>> No I I think you need people around you whether it's trading even if it's not trading it's someone that understands what you're trying to do. I think if you don't surround yourself with people that want to see you win you're at a huge

disadvantage. A lot of people don't tell

disadvantage. A lot of people don't tell like someone's training. I think a high percentage of people wouldn't tell somebody or their friends, their closest friends, I'm learning, I'm trying to do this because they fear what they would

say about it.

>> I've got had 25 people come today from my mentorship who who said they're so thankful that they're now in a room with people that they can talk to and learn from. And that's what I wanted to do.

from. And that's what I wanted to do.

That's what I wanted to build because for me it's the loneliest industry in the world because it's just you. But

now, and to meet a room of traders, to meet a room of people that have the same ambition as you, you can't replace it.

And even if you meet someone that doesn't trade the way you trade or doesn't doesn't trade the same time frame or even doesn't trade but is just an entrepreneur, if you put yourself in a room with someone that just gets your vision, gets your ambition, gets your

line of thinking, what you want want to actually do, then you're going to be able to get in return confidence. And if you get

return confidence. And if you get confidence, you're going to be able to start believing in yourself a little bit more because when you're lonely, you got nowhere to go. No one really wants you to do it. No one knows you do it. And

you are low on confidence. Who are you going to turn to to help help get you out of that rut? It's hard.

>> To conclude the episode, I think you've had your hand in helping thousands, maybe even hundreds of thousands of traders. um if you can give some lasting

traders. um if you can give some lasting advice of in your experience of helping many and your own experience, what would be some north stars to focus on uh to

make it in this game?

I think if someone wants to be a trader and if someone wants to if someone wants to really really stick at it, they have to understand it's about doing it 100,000 times over and

over again. And understanding repet

over again. And understanding repet repetitive nature is key because the only way that trading doesn't work out for you is if you stop doing it. And the

only way this this whole thing turns worthless is if you stop trying. But naturally over time the way your body will evolve, the way your memory and brain will evolve,

it will allow you to become stronger every single day. And it will allow you to pick up skills every single day. And

don't look at it from a I need to get better next week. Look at it from a in 6 months time I'm going to be good into in fact in a month's time I'm going to have so much more knowledge than I have right now. In 6 months time I'm going to have

now. In 6 months time I'm going to have an incredible amount of knowledge. In a

year I'm going to be really where where I want to be. And then in 10 years I'm going to be unstoppable and then I'm going to really never look back. But at

that time as well you're always going to be realizing that you are 10 years away from where you want to be all the time.

never be satisfied with where you are. I

don't sit here and think I've done well.

I sit here and think there's more to do.

There's more work to do.

>> And I'll always think like that and I'll always be 10 years away from the version I want to be.

>> So when I get another 10 years down the line, I know the knowledge I've picked up is going to be it's going to help me scale even further. But now I need to keep going because it's nowhere near over. And

over. And >> it's why we call it Titans of Tomorrow because there's always another mountain to climb no matter where someone is. But

yeah, Tom, thank you for the time and opportunity. A lot of wonderful advice

opportunity. A lot of wonderful advice for me. Thank you, man. There we go.

for me. Thank you, man. There we go.

Boom.