There are a lot of unethical educators out there a lot of people selling dreams you know false expectations and people are really falling for this stuff and losing a lot of money that they really are and I lost a lot of money myself and over the years I’ve worked with thousands of traders and I’ve seen a lot of predictable patterns I’ve seen what works what doesn’t work and it is a massive failure rate it is a massive failure rate we know that from local statistics that about 90 percent of people lose 90 percent of their capital within 90 days and I had an appetite for risk and I wanted to just accelerate a little bit so I started exploring speculative markets like options and Forex and I went into Forex and I blew around 36 to 38 grand initially that’s how much that the learning curve that people usually experience or is that just kind of I think I think I made every mistake possible okay yeah I followed you know signals and all the bad stuff that I’m gonna go through with your listeners but after that I became very good I learned a lot about what didn’t work which allowed me to become really good and I later on realize that it’s actually you should be focused on not what you’re not losing rather than what you’re gaining and and if you can just focus on that you become very good what we’ve seen is is very predictable patterns in why people fail because we’ve been analyzing data on the behavior patterns of people what that you know how engage they are sure how accountable they are what are they watching what process are they taking are they going from the start to the finish and they skipping and they jumping you know jumping ahead and that do they actually want it you know they got realistic expectations and I’ve produced a framework almost that will that will guarantee your highest probability of success obviously it’s down to you as a show either in the end based on looking at the behaviors of past students of those people who haven’t had a good experience with it absolutely and if you follow the framework in this way which a lot of it is down to psychology by the way you know the skill is is the minority believe it or not and that’s pretty much the same thing as well with investing in the stock market it’s the psychology of it you know as far as the investing goes and the fundamental analysis that’s based on looking at the numbers and the principles but it’s a totally different experience actually doing it so I’m gonna go for a bit of a framework from basically information and the data that I’ve analyzed over the years and I want to just before we get right into that I just wanted sort of be bunks and MIPS because some of you reading are probably thinking I get asked all the time isn’t it gambling is it risky sure I know I’ve said things about the channel about it yes to be honest I don’t know a lot about the trading side of really I don’t watch enough don’t know much about it at all so and and like anything you know the markets or the market they just do what they do and it’s not the market that’s risky it’s the approach you take to the market that’s risky so if you think about a casino for instance you’ve got one-armed bandits you’ve got cusine you’ve got poker table you’ve got blackjack got roulette and the reason the casino comes out on top in the end is because there’s no one who’s consistent there’s no one with an edge they just go there blow some money they’ve got no strategy no plan and they are approaching the casino as a gamble right whereas if you look at the winning poker table it’s always the same players they’re always the same players at the top of the tournament they’re winning the tournament time and time again because they’ve got an edge they’re not approaching the casino as a gambler they’re approaching the casino as a business it’s like they’ve got an edge they’ve got a risk management strategy and money management strategy they know when to get in and get out they know when to stop and then I went to continue and the markets are exactly the same they the market you cannot control it just does what it does so it can’t be risky the market can’t be risky your approach to the market is what’s riskier that’s their make sense yeah so lots of people think that it’s risky gambling but it’s down to you to approach it professionally as a business the next thing is that people think you need to know about all the global affairs you know what’s going on in the country or current events and how what’s going on and the political landscape and absolutely you know unemployment rates bank rates all that type of stuff and that’s not true either so as technical as a technical trader I’m looking for patterns in the market I couldn’t care less what’s going on in the world if you you know the market doesn’t affect me the bank rates don’t affect me bricks it doesn’t affect me I’m just looking for a problem a probable edge out of patterns in the market that are predictable so you absolutely don’t need to know about all the global affairs of what’s going on and lastly on that people think you need lots of equipment lots of peace you know you know obscenely TVs six computer screens and all kinds of stuff going on in short subdue you need all that or is that just kind of and something that helps you or is it yeah I have to keep the process I started trading on a 15-inch laptop so you absolutely don’t need all those screens I say once you get down the road you know it’s good to have two screens at least you don’t you absolutely don’t need six screens down the road you might the reason they have six screens or eight screens is because it’s they’ve got a lot going on and and to make it easier they have different charts and different screens sure you’re not going to be on Wall Street from from day one and you absolutely don’t need tons and tons of equipment there’s a saying there you don’t own money from trading your own money from waiting ok and and it’s absolutely true although you know essentially is trading in the end but you you trading requires a lot of patience and one of the other myths is that people think that you always have to be in a trade when you absolutely don’t you what we’re waiting for is a set of rules to play out and then we know we have a paper-thin edge over market sure the probability of what’s likely to happen next based on that pattern happening provides us with our edge and if we can consistently trade that pattern that’s how we earn the money so that could be one week that could be five in a day that could be once a month Wow and and that’s how it goes don’t look at it as a get-rich-quick vehicle like if you’re trying to think about how much money you can earn from trading you’re really missing the elephant in the room it’s it’s it can be the fastest way to grow your wealth I’ve you know I’ve I’ve invested in businesses I’ve invested in in property of invested in stocks and shares and you know this really is the most rapid way to accelerate wealth but if you’re just chasing the money from day one you’re enough your own reason you’re in the wrong reasons the first step in in the framework the most important thing is to actually want it right and and what I mean by that is so many people out there are sort of fantasizing over someone else’s dream they see someone that’s hit a trade and or they you know this crap where they’re flying around in rented helicopters and Lambos and yeah and the money I’ve seen it all of course of course and flashy lifestyle that kind of in-your-face you own up your rich absolutely yeah and what people do is they go what you doing and they say well I’m trading and then they go oh I want to trade but do you want to trade because I’m telling you if you don’t enjoy actually looking at the markets and you know enjoy solving the puzzle sure you’re not going to stick with it because there’s lots of hard work down the line you’ve got to put in if people tend to ignore that hard work piece and they just see oh this guy’s driving a Lamborghini I can do that too if I started doing whatever he’s doing the second thing is expectations so this is the next problem people because of the way it’s advertised on TV or these adverts people think they massively overestimate what’s achievable in the short space of time for the first 12 months sake sure they think that they’re going to double their account in a month they think they’re gonna be on yachts in a year yeah and and it’s just it’s just not realistic it’s not realistic it’s not going to take you I’ll be very surprised if it takes you less than 12 months to really go through the process and learn properly Evie and have a system that you’ve tested and you know paper traded even and then gone out into the markets I’ll be very very surprised but then because of that when they actually start doing it they figure that’s quite hard they blow a load of money and then what they do then is they underestimate what’s achievable from 12 months sort of 24 months say sure and you know that’s when the results can really really compound and you see exponential growth and people get turned away by that so what I want to do is just give you some expectations so it’s gonna take you around 12 months to really really learn and then after that you know the money if you can just go through and go through the process then right wait the money just comes now in that 12 months how many hours a week or a day are we talking about you it depends what type of trade you’re gonna be and I’m gonna go through that in a bit more detail but you can do anything from the testing is what takes the most time I’ll test the testing is what takes the most time because you you’re essentially testing a strategy back in time and and that can take you know you want to go back about five years and I’ll go that can take a long long time depend on how many markets are going to be looking to trade sure so that’s that’s the most time consuming and the most grueling bit first thing I want to talk about is the difference between fundamental analysis and technical analysis because there’s no right or wrong you know there’s people that rubbish either or yeah and the truth is there’s no analysis that tells the future so as much analysis that you do you have no idea what’s gonna I mean you can kind of manage your risk involved with investments but there’s never a guarantee that the markets gonna go any one way or another no so I think it’s crazy when people say oh that’s you can’t use technical assets it’s crazy right so fundamental analysis is more news based more you know the economic data what’s going on in the world and really the reason that I don’t like to use fundamental analysis for trading is because you’re not guessing the the figure or the result you’re guessing the the market participants reaction to the result which is impossible like it’s you can’t you don’t know how people are going to react to a certain news release with technical analysis and Colossus is is based on psychology so there are patterns in the market although people think the patterns are you know they we never know what’s going to happen next in the markets right but contrary to popular belief there are patterns in the market that stood the test of time they’re not entirely random and the way that we build our edge is to identify a sequence of patterns in the market so that we know that if we get this pattern then it’s likely to do this and it should and that is and then what we’re looking to do is build rules around that pattern so if we see something that happens frequently and we go back and test that and it’s happened frequently for five years or six years or ten years then if we can build rules around entering that exiting there that move then we’ve got a high probability we’ve got a positive expectancy you’ve got a system that provides us with a positive edge of statistical positive itch and that’s really all we’re looking to do so the reason I love technical analysis is because we don’t have to worry about what’s going on in the world there’s a saying that a technical trader can trade the market regardless of no in the market and although that’s not entirely true because you have to test the markets sure that what is what they’re saying is because of the technicals it’s the patterns we’re looking for it’s not necessarily the market even it could be Apple Google it could be currencies it could be futures it’s the patterns we’re looking for in the psychology we can only look at the way that markets move and how we can identify some patterns and I’m going to be going for a simple pattern that I want to share with you that then you can go and identify for yourself so the first thing I want you to be aware of is the market moves how the market moves a cake because what you’ve probably seen the market move up and you’ve probably seen the market move down and you’ve probably seen the market move sideways well what we’re moving up we call this a a bullish trend and when we’re moving down we call this a bearish trend and we’re moving sideways this is either called ranging or consolidation now when we see the market moving in any direction there’s certain things that we can pay attention to that are likely to cause a reaction or the markets likely to respect the first thing is going to be even handled numbers so if we’re talking about the market being driven and you know the patterns in the market being respected by psychology patents being psychologically driven sorry one of the things we’re paying attention to even handle numbers so anything like a dollar flat or 1.5 or 1.1 1.2 anything with an even handle number the market tends to respect more often than it doesn’t okay so not every time but more often than it doesn’t remember we’re going for that statistical edge another thing that the market respects are numbers with fifty in it so anything with 50 so 1450 1550 1350 so 50 and even handle numbers just bear in mind that that’s respected and any time that the market respects any psychological number what we see is structure so the next thing we’re gonna show you is how the market moves so what you’ll see is this sick lissa T where we see cycles in the market of a new high a replacement and then we’ll see a new high and then we’ll see a retracement and then we’ll see a new high and the market moves in herbs and flows like this and usually the structure this is what creates structure and normally these structure levels are created by even handle numbers or significant levels of importance that have been respected previously in the market now what also tends to happen is as we push up what we call this is a resistance level and what we call this is a support level so this is like the ceiling where we hit resistance this is like the floor where we bounce we hit that support level what we normally find is that when we put in new highs and we push back down previous resistance then become support so the structure is actually respected as well so one of the things I just want to touch on is how to identify a trend and then what I’m going to talk about is how we look at the end of the trend and we can predict a reversal so first of all to identify a confirmed trend we’re looking for a repoint move so we’re looking for this move the retracement and then the new structure hi and then what we know is we have a high probability that the market is going to continue up until we violate this previous outside return or retreat here at which point we’re in consolidation and then we need to look for that free point move again 1 2 3 in order to make a prediction that we’re likely to see a continuation to the downside so normally we see this this this this until we end up reversing again violating this outside return or a tray sment and then we look for that free point move again and it just continues like that and the reason we do that is because once we hit that 3-point move we know we have a higher probability that the market is going to move up or down depending on what direction we go in it now the pattern I want to talk to you about today there’s many many different ways to make money in the market and I’ve been over certain things that effects structure in the market like even handle numbers 50 levels previous structure and historical levels that have been respected time and time again um but what I want to go over in this video is when we spot a reversal so there’s a there’s a pattern that happens frequently at this point that we can use to short the market at the end of a bullish trend or if we’re in a bearish trend we can then look to by the end of the bearish trend and look to buy this up so there’s a simple pattern here called a double top now you might have heard of this referred to as a V top but it’s a double top and essentially what it looks like is this we get to the end of the trend we then have a small retracement here and then one final push up we get rejected at this test and then we fail to put in a new high and then we roll over and this is called a V top or a double top and I’m gonna go through the rules of this right now okay so let’s just say for instance that the markets been pushing up and we’ve identified our test our initial test and then we’ve started to retrace what we’re looking for for this to be considered a valid double top is a test of this high so this high wick of the candle we’re looking for a test of this level so this zone here for the second test so what we’re looking for is a test of this high and what we can’t do is close above this previous high so if the if the candle pushes up and closes above this previous high what we’re talking about then is a continuation to the upside so it’s important that we wait and we wait for the close of this candle and as long as it doesn’t close above the high it can do this it can push up and put in a higher high but it can’t put in a higher close so we’re looking for a test of this zone we cannot close above this high and as soon as we get a valid retest which can look like this it can look like this okay it can even look like this or it can look like this okay because we’ve tested this zone and we haven’t closed above soon as we get this formation this is considered a valid double-top now normally the double tops are price and time symmetry on the retracement so we have price and time symmetry on the replacement as well but essentially what we’re looking for is this little V and then we’re looking for a retest of the initial test high but not a close above the high and this is what we call a double top and and what typically what we’re looking for after this is to enter a trade on the next candle and then we’re looking for the market to roll over when can you consistently be in front of your charts because people have jobs people run errands people take the kids to school sure they’ve got their shopping coming on Tuesdays got the pins going out on the first Yeah right when can you actually consistently dedicate time to being in front of your charts because what we’re going for here is consistent profits so everything needs to be great based off of a consistent plan so it makes no sense for someone who’s got a full-time job to try and check charts at between to a client or they’re rushing people meeting it’s just it’s silly just you don’t want to do that first thing want to do is go right whenever I got an hour to dedicate it might be at lunch it might be an hour after work after the gym when I can interrupted time veces interactive time it doesn’t matter it doesn’t matter if there’s more you know volatility it doesn’t matter what’s going on just make sure it’s a dedicated time that you can just dedicate to being consistent and then just find one pair for now one market so don’t try and you know find lots and lots of different markets don’t scale through different markets just get to know one the markets behave in different ways there’s different markets that behave different ways and it’s best just to know one pair and if you if you’re looking at what market to look at just pick one of the majors so one with the dollar in it so you’re gonna get a bit of movement any pair of the dollar is gonna be dollars the base currency for the world and if you pick up a pair with the dollar you gonna have some movement sure though it’s not gonna be boring there’s gonna be some something for you to test there’s going to be something going on but just pick one so euro dollar pound dollar you know trading is a business and these markets that I’ve got on my screens a my employees they my employees they’ve got different personalities some perform better under pressure some perform better in the summer some sharp late you know it’s very very similar to running any type of business and if you look at it like that you’re gonna appreciate that some are going to perform differently and also if you did start a business you wouldn’t employ 30 people and a one it’s very that’s a very good way to explain that yeah right it’s insane you just wouldn’t it’s kind of like cuz I talk a lot about passive income on the channel they say the average millionaire has seven sources of income you would get people who want to start all seven at once and it’s like what are you gonna do dedicate one hour a day to each one and then become a millionaire so you you do one very well and then you move on to the next one so it’s so there’s a lot of ways that that’s applicable and then once you’ve got your pair then and you’ve got the strategy what you want to do is you don’t just want to take every single setup that you see you know if you if you was to go through different markets and apply one strategy you probably have thousands of thousands of different opportunities per month what we want to do is we want to add some filters to that so that we get the higher probability move so although we’ve got an edge by identifying a pattern in the market what we really want to do is identify the really high probability and you can add things like filters and what I want to do now if your listeners is just show you how we go back to that example I just gave and then add some filters to that to really give you the higher probability trades so let’s jump back to the desk all right so what else we’re building out a trade plan what we want to do now is take the double top principle and we want to apply some filters so we’re not taking every double top that we see because if you if you just apply those rules and you look for those rules for a valid double top you are actually going to see them form in many places that don’t provide high probability trading opportunities so what we’re doing is we want to build some rules build out a plan and say I’m gonna have some filters in place so that I only look for these trades in the highest probability zones so taking into consideration what I’ve been over already what we’re going to look at is we’re gonna see that we’ve pushed up here and you can see that we’ve we’ve held this level before we’ve started to see a rat race Minh so we’re monitoring the market pushing up and we’ve seen a hold of this level which just so happens to be the zero 950 level so if you look over here on the right we’re at a psychological number that 50 level and we’ve hit that level and what I’m gonna say is if we zoom out now so if we just zoom out this market and we go back in time we’ve put our horizontal line in and we’ve scrolled back in history and we’ve seen actually we’ve tested this level once twice three times four times five times six seven right and we’ve held this level much more often than we we’ve broken through so every time it’s tested it holds more often than it doesn’t okay before it’s violated so what I’m gonna say is you have a rule in your trade plan to say I need at least three previous touches of this level before I consider entering this trade so the first rule is a minimum of three previous touches of this level before I take the trade the next thing I’m gonna look for is something called the RSI so this little squiggly line down here is the RSI which stands for relative strength index and what this does is it indicates overbought conditions in the market now I’m not going to go into too much detail on this right now but just know that if we’ve pushed above the overbought condition it indicates that the markets running out of steam so if we couple this as a filter with the fact that we’re at a psychological number that’s been tested three times at least three times previously we’re likely to see a little retracement now we’ve seen the retracement already so now what we’re looking for is that second test and that rejection that hold of this level so what we’re going to do is we’re going to watch what price action does next we know we’re interested in this level now we’re going to peel our eyes and wait for the rest of our rules to be met which I’m going to explain right now okay so you can see that price action started to push back up but remember the rules of the double top we are actually we need a test of the higher the previous high which is this little zone here the wicks the high wicks of the candle we need the price action to push up and at least test that zone and not close above the higher of that test so let’s see what happens next all right you can see that this candle here hasn’t quite tested the zone it’s pushed up but it hasn’t quite tested the zone therefore it’s not valid so we can’t take the trade yet and what I’m going to be looking for on the second test you know I mentioned that we were overbought what I’m gonna look for is some bearish divergence so I’m looking for equal tests of this high and I’m looking for bearish divergence so a slope down on the RSI equal tests of the high on price bearish divergence on the RSI and that’s going to be used as a another filter so so far we have psychological number okay which I’ve moved psychological number at least three tests of the of the level previously overbought condition on the initial test and then bearish divergence on the second test and by waiting for those filters alone it’s going to turn your trading opportunity that you’re looking for your trading strategy and your plan into a very very high probability system so let’s see what happens in it alright so you can see on this candle we’ve actually tested the zone we haven’t closed above the high so what we can do now is actually sell the market next bar market so what that means is as soon as this candle closes and we have to wait for this to close because if we don’t wait for this to close the chances are we can push up and close above the previous high which would mean it’s invalid so we wait for the clothes we wait for the candle to close and then we sell the next bar market and then what we want to do is we want to put our stop loss above the high and I’m going to use a 10 pip stop-loss we’re gonna go 10 pips above so we going to be up at 6009 60 and we’re gonna take profits off for this example at a retest of the low so we’re just looking for a pullback down into a retest of this low so we’re gonna sell this now next bar market and we’ll see what happens next so there we have it you can see that we’ve rolled over this is a high probability because we waited for those filters to be met we didn’t just take any double top that we saw we waited for those filters which gave us an extremely high probability of being right and in fact you can see here that we continued down even further so that’s how you identify a trading strategy and put a pattern in the market that happens frequently that’s how you add filters to it to make it a very very high probability trade rather than just taking those low-quality trades and that’s how we combine it together to really give you those high probability moves so let’s just say for the sake of this this example that this risk here where we entered was 1% of your account then if we just clone this you’re gonna see that this was a 1 about a one and a half risk one and a half to one risk reward which means this would be a one and a half percent profit on your account in one trade we’re hunting into like ten opportunities a month here to really get those high probability trades out of the market and what that does it suits many people’s personality because if you like me I personally like to be right more than I’m wrong and I like to win more when I’m right than I lose when I’m wrong and I just like that edge something some traders I know they’re happy being wrong you know seven times out of ten and they’re happy with that because they’ve got a much bigger risk reward profile okay so is that based on your personal preference or is it kind of based on your risk tolerance or you just kind of figure that out through testing it out absolutely it’s your personality really you know it’s so important to build it around your person as if you’re not happy taking you know if you’re not happy being wrong more than you’re right then just don’t do don’t have a system that doesn’t sure yeah right I like being right at least fifty percent of the time because then I know I can make money with money management and I’m going to talk about money management now so once you’ve found the system that is profitable and it’s proven to be profitable what we did where the real moneys made is through money management so this is a strategy if you think about a coin flip if I was to flip a coin if you flip a coin a hundred times over that hundred times you’re likely to be right fifty times there’s a 50/50 flip if every time it was heads I paid you a dollar and every time it was tails you had to pay me 50 cent you’re gonna want to flip that coin as many times as possible because you’ve got a statistical edge sure of having 50% but you’re gonna win more over time you’re not gonna lose as much when you lose you’re gonna make more when you’re right absolutely so that’s called risk management if we was to add a money management strategy to that let’s say for instance every time you hit ten winning trades or ten winning flips we we increase the size and every time you lost five you decrease decrease so what we’re doing is we’re protecting our capital as we’re going for a bad period because there will be losses sure our losses and then we’re increasing your capital or your position size as we’re as you’re doing well is you’re going for those hot streaks and what that does is it allows you to accelerate your account and protect your capital and with the markets it’s the losses are the same as any other business it’s it they don’t come in the same order so if you think about a product if we sell a physical product we’ve got a markup on that but with your overheads okay and we’ve had a cost of producing the product so if we sell the product for ten dollars we might get three dollars profit at the end of it and every product we sell we know that we’ve got to pay the overheads we get three dollars and we’ve got the profit we’ve trading the losses are just the cost of doing business and then the profits they don’t come on every trade okay it come it’s overtime so you could have a week of losses and then you could have two weeks of winning trades so it doesn’t it’s not on every single trade that you get the profit and loss that’s what people really struggle with because they’re they think I’ll god I’m losing trades but that’s why it’s important to stick with a plan because you know you’ve got a statistical edge over time sure we’re gonna talk a bit about back testing now because now you’ve got the plan and you’ve got the rules and you’ve got you know you you understand money management the first thing you need to do or the last thing you need to do I should say before you go live is to test the system and this is the thing that skipped most this is you know I would say that 98% of the people that go into trading don’t do this bit really yeah do you think this is a big part of why that failure rate of so high 100 yeah for me take my example for instance for me personally it was a turning point it was it was what changed me from just blowing money to being very consistently vulnerable and I’m gonna talk a bit about back testing so once you’ve got your market and you’ve got your system your strategy you want to go and test that over time so use your historical data that I went through on the trading platforms and what you were looking for is a minimum of five years or a hundred trades whatever comes so depending on the timeframe if you’re if you’re very small timeframe you’re looking for you know hundred trades which might be two years or if you’re on a higher time frame on the four hour or the sixty you might have to go back five years to get 100 trades right so you want a minimum of a hundred trades and all five years of data okay what the back testing phase does is it gives you black and white results on the probability of your trading system so what you then want to do is go out and replicate in the markets what you’ve tested you don’t want to deviate from that at all you don’t you literally want to build the rules off of your back tested plan and say this is what I’m gonna do going forward and it’s a set of tangible rules that says this is the results you’re likely to expect so go out and do these done the historical data look at it so if you’re if you’ve got a system that provides a return of you know forty percent fifty percent return on investment per year you want to stick with it you want to go with that right you don’t want to tweak it but the amount of people then get that and then go out and start breaking the rules I think oh why am I losing money or the other problem that ADA is a test one market and because that’s profitable they bring in another market and they assume that the strategy works on that or they try to take that strategy and apply it to a different market they can’t be bothered to test it right because that’s probably is this the most time-consuming aspect of it yeah it takes around it’s gonna take it takes me around 20 hours per market to test about test and I would say that you need to test one market one strategy one time frame at a time so you don’t to be jumping around strategies you don’t to be jumping around markets you just want to get one whole set of results done sure it’s gonna take about 20 hours to do one can this be a hobby or is this something you really have to be all-in about I mean can you just day trade casually or you know get involved with trading casually where maybe a couple days during the week you want to sit down and trade or do you really have to have that dedication to this yeah that’s a really great question and my answers no you cannot dabble okay in trading you have to show up you know summer months are gonna be quiet Christmas is quiet the the big institutional traders who move the market they’re the ones that go to the Hamptons for the summer and you have to understand we don’t the market in reach our traders we have no power moving the market that’s the same way with retail stock market investors as well your by order of 10 shares of Facebook it’s not going to move that you know so all we have to do is you know during those slow periods we just have to show up because there’s gonna be maybe one trade two trays that we catch that keep us afloat sure a summer and we’re really looking at a return on investment over time here we’re not looking at you know a consistent hundred pips per day or a thousand pounds per month its it’s over time it sure you’re gonna you might have a month where you lose you might have a negative month you might have a break-even month you know June for me was extremely profitable May was flat and then February was very profitable and and you know April’s back so it’s just looking at the average over time okay and you have to show up you have to be consistent but there that is very interesting because I’m sure a lot of people maybe don’t want to go all-in with this and it’s important to realize that it can’t just be a hobby no it can’t be a hobby you need to want it you need to know why you want it you need to have realistic expectations you need to hold yourself accountable you need to learn the right way start at the beginning in the process go for it the right way and then you’ll have the results that you want to do that you want it’s as simple as that the results are inevitable if you just go through that process sure alright so finally let’s just talk about results then if you’ve gone through that process realistic results so people think they’re going to double their account week off the week that’s absolutely ridiculous what you don’t want to do is risk so much that you’ve taken a big hit and you are now having to make up so much money just to get back to break-even sure you know I use a a smooth ratio money management strategy which I’ve been over most people some people who’ve just get into trading use a minimum percent risk of their account so some people like to say 1% I’d say that’s a good start right you don’t want to risk more than 1% of your account on any one trade and if you can consistently do that and just focus on I’m not breaking that then it’s gonna take you a long time to be out of the game right you’re gonna you’re gonna have it you can have your poker chips if you risk if you blow 50 percent of your account you’ve got to make up a hundred percent of your account yes I’ve mentioned that too before people think like 50 percent lost 50 percent gain but that’s not going to get you back where you started if you have a 50 percent loss you don’t have to double your money to start back and it’s very hard to double your account it’s very very hard to cure account so realistically in terms of results what you’re looking at is if you can be consistent and you can go through this process and learn the right way you’re looking at around three maybe four percent conservative per month which compounds out you know forty percent per year which is which can do them astronomical things to your money I mean I know a lot of people don’t understand the power of compounding but that’s I know it sounds like a little bit but that’s that’s has you know a huge impact on your of cause and if you couple that with obviously passive investment sure you know and then something else that we could also tie in here as well as do you do you recommend that a lot of people maybe like take some of the profits from the high risk side of investing and put it into a more passive strategy so when I started when I started trading well sure I was investing anyway I’ve got automated systems that do my investments and everything and I was when I started trading I started splitting the money 70/30 so I had a 70/30 split and then as I became better and better I went to a 50/50 but absolutely if you take some of the profits that you’re getting from your investments and you put them into your trading account then you’re talking about a serious sure acceleration strategy there or the other way around as well where maybe you want to take some of your profits and put them into into an investment strategy were okay so you don’t have to be polarized there where you’re one or the other you can do a mix of both of these things just find your strengths you know again you’re not going into trading as the beer one end or this is another wealth acceleration strategy it’s not something that’s the end sure it’s it’s just gonna help you achieve financial independence quicker that’s that’s it .
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