– [Etienne Crete] Today, I want to share with you some tips on how to stoptrading time for money.
And by that, I mean how to stop being at the job where you spend your time to get money and actually earning more money without spending more time doing it.
And I think that's a skillthat various people have, but if you can do it, you're gonna be a step ahead of a lot of people in this world, so that's gonna be awesome.
(synthesizer music) What's up traders welcomeback to Chiang Mai in Thailand and I want to share with you specifically how you can make $5000 per month.
We'll take that number as a basic number not because it's high;it's not high at all but because I feel likeyou could do pretty much more than what you want with that number and most people could live wellalmost anywhere in the world with that amount of money, and some of us do that.
So I wanna share with you some steps because I'm all about the tactical advice you can use and apply right away and some processes and not like some fluff that you cannot apply after.
That's gonna be very tactical.
The first thing you gotta think about when you think about doingthis stuff of not trading time for money is you gottathink about the fact that if you gonna do with trading which is what I recommend in this channel because I'm talkingabout this all the time.
Is you gotta first have a strategy and a process that's for sure.
And we've done countlessvideos of that in the past I'll link some below if youwant to check it out about how to do this how to comeup with a strategy or process and follow it prettysimple, pretty simple stuff.
Now a lot of you guysbecause in the channel we're quite advanced.
People are taking action and getting some resultswhich I'm really happy about.
So if that's your caseyou might be further in that you already had a strategy and applying trade property for some time and that's awesome.
The next phase is you gotta be able to keep track of your statistics and that means going back every month to your stats looking at them make sure that everything's fine that you have a reasonable channelssome reasonable stats and that you can sustainthis for the long term.
So most people cannot do this most people are just gonnatrade and make money fast.
They wanna make money fast but then they cannot sustain this task which means that they neverwill able to build the wealth and the long term incomestream with trading.
If you look at your stats every month and you keep track of things and you improve overtime then you can build to income something powerful with trading.
But if not it's just like agame for you or your hobby.
Or a way to make money fast.
And that won't last.
If that's your case, if that's your goal to kind of just make money fastand become a millionaire by next week then you might just wanna skip this video it's not for you and I don't wanna talk to you at all but if you're with me and if you understand thatthis is a process that you have to learn and you have tostay consistent with it than we can talk about the next things.
So you've got a strategya process you've got a key look at your statsso your metrics every month you know what you should expect and you're confident about it.
And plus you learn to adapt based on your stats then that'swhen gets pretty interesting.
That's when we can kind of multiply the money your makingright now with trading.
Now the third step is yougotta of course gather capital.
That might mean for you saving money and making sure you havemoney put aside of your salary right now to putting yourtrading account later.
If you don't have the money right now to invest in your accountor you cannot save money then you have to get external financing and that is hard to dowhen your stats are bad but very easy when your stats good and you keep track of them and you know your stats by heart.
So if can kind of master your stats and understand what to expect from trading and you know that youwon't blow up your account by next week and investors knowthey can get a proper return on the money they give you.
Then that's easy to get moneyto trade from other people.
And I want suggest a way that it's actually the simplest I found because you could go out and try find financingfrom different people and meet investors in person but that's gonna take a long time.
So recently I found out about Axiselect which is a program combiningPsyQuation and Axitrader two companies that kind of merge.
Psyquation was acquired by Axitrader and they created this program, the only thing you have to do is you have to connect your account and get a score on PsyQuation to be able to get money from Axitrader.
Now you have to have anaccount with Axi of course that's just the basicsbut that's how it works.
So an issue right here on the screen the requirement they haveand the kind of capital they can allow you totrade with over time.
It starts with 10k And then you can go to 50K which is if you doubleyour account every year leave it less than $5000 a month and then it goes to 100k and plus getting financingfrom outside investors.
That's what you think really interesting.
So there's no question liketrying to get money fast, trying to get money quickly, trying to get fund an accountwith a lot of money you have.
That doesn't exist becauseyou gonna out do this.
If tries to process if youare in charge of first.
The metrics that you track over time and making sure you improve based on those that's pretty much all it takes to be able to get money from other people and to trade with it.
Now it gets to a pointwhere you can get money from other investors with that program.
So we're talking 1 millionplus they're not there yet but I suppose will bethere in your future.
And just think about the fact that you can make 10 20 percent a year on that that's one hundred, two hundred thousand dollarswhich is pretty crazy.
So that's how it works.
And guys I don't want toput the program too far but if you think it's a goodfit for you up with a little of that you to have an accountwith Axi first of course.
And then go to that programif you want I recommend it's a good way to kind ofget financing for people.
This is simplest way I've found what's more like metricbase and simple to follow.
So I'll recommend that.
But in any case decide ifyou have your own capital you put on the line orsomebody else's capital and then we can go to the other step which is entering to havea coach to guide you along the way.
Now I can't stressenough how important it is to have a coach with youwhen you kind of want to scale things up orwhen you want to be able to get double the resultyou have right now or more a coach can haveyou a lot on that case and you want to make fivethousand dollar per month, there's no reason that'sbecause that one thousand dollar per month to help you.
It just makes sense.
It's just an investment to getto hopefully get more money over time gain that wouldmake a lot of sense to me.
So you decide what to do but I would see this as very very useful and I've used coaches myself in the past that really helped mekind of level up my game.
So I recommend you do the same as well.
The next stepyou have to do in that case is to scale things upand increase over time.
You've got to have a plankind of scale things up over time as you get more capital as he is comfortable with bigger numbers.
And that's just a question of time for you reach higherhigher level of capital.
And when one thing goeswell the others follow.
And that's kind of whatyou want to think about.
So other than that sending guys I recommended you checkout the programming below with Axitrader and PsyQuationhow do you come in.
In any case signaling that longbeyond the comment section.
Here are a few comments in the past day.
I appreciate you guys for leaving comments as always down below inthe comments section.
and I'll be catchingyou back here tomorrow for another video in Chiang Mai.