Podcast with Professional Forex Trader Quillan Black – Cuebanks

when on the Menino's outro video then trade law Sophie well it sounds cool batao muy muy muy especial Quillin black queue banks and Instagram though most admit holiday ok miss you told digital in quillin's de nosotros my [Laughter] they're really glad to have you here like for real like we have in mind you but seems forever we started this like jordi out of like yeah we want to be you know and all that stuff so first of all please Quillin Bank was put them like the army as : black is pretty much to justice like um a visionary a visionary on pure entrepreneur you know I have i've always foreseen how I want to live in the future you know always like strive types to get to that point when and everything that I do with the business I've been seeing myself here you know I'm saying from even when I was like 20 years old because I pretty much been bitch of myself being great at what I do and just like doing a lot of work to this it's that certain point so I mean fooling black just a person that strives for greatness in whatever you doing um and you know always tries to actually help others to actually get to a certain point as well you know also not a little dis but how did started like did yours you know you've only things like this like is it or when they just I have to get out of the this place where everybody is you know so so pretty much like on before you can we're talking about I was like I'll saying that like I kind of had no choice but to you know go that on for no route because I couldn't get a job because I I got my green card super late like I got my green card when I was 20 21 so which means that well I had other friends that were working at like 17 18 years old yeah I had no choice because I had to make money elsewhere you know so the entrepreneur rock kinda came because I had no choice first and that came from I mean does this selling stuff or fixing stuff or you know it's trying to like you know connect with more people on like a different level and offer them like some kind of value that doesn't have to deal with the judge you know so that's where I started from first and then that actually evolved into me doing all of my online stuff when it came down to it so I mean I kind of had no choice so my mindset just kind of came naturally I feel like bringing yeah we all seen you like you started well you start you worked at Target at Target breaking the target story is is ACN it's that big deal like everybody loved that and even before target I was working at a warehouse I was working two warehouse six days a week about eight to nine hours a day for three years you know so remember you said in the five big person it was like a super small matter was like $700 are they paying 600 600 in like $23 you know after taxes and yeah but it was bad because it was both salary a Saturday so it means that we could work as long as we want to and we're not getting any kind of overtime with the role on salary but I I did that for three years because my first check that I got from that place was $300 all right but Delta my first time ever making a check but check of that amount because me before that I was you know trying to do all the things to to make money so me getting my first work check that kind of showed me like oh god I thought work so and so and and make this I wasn't really understanding how much time I'm actually giving this company you know but over the years you kind of started like you're untrained so I'm tired of so so on that kind of made me appreciate and kind of understand how money works first just from that first paycheck but then over time I kind of understand that like you I'm given this company a lot of my time you know okay um I broke like when were you in target yeah you were in target like if you like discover trading or it was before Atari it was a little bit before target because on I first did stock options first saw the features which is just you know just like a little something similar to binaries but at the same time that kind of introduced me to the whole trading industry um and then one came to target you know that's when I was already starts like dabble in forex on by that time period but I wasn't taking its fully fully seriously but um I started to dabble without the devil then eventually um when I started making like some good income 3 born holidays holidays founded all days I hit my on thousand-dollar day April 2015 my first thousand dollar day walking out of class actually because yeah because on ice actually just go to class and then work class work class billable so those weren't a aud/usd days okay you I was written a you very very often um just like you know this um random pair that I don't even trade now by the same time like you know just me actually making that kind of money and seeing how I gotta make that money without working at Target um I was kind of like understood that if I put all my time into this craft me having $1000 they could turn into a fork a day or a 10k day eventually you know so um yeah like I kind of just not rebound trading when I was working at Target but I was starting to actually get into the rhythm of you know being on the charts more and that kind of stuff I don't side target I think you you one time said something that a broker Forex came on and like because you are like on those like stuff yes I yeah they're like an ad from a forest broker and that's how you like kind of the scored the Forex trade not now itself exactly yeah I have clicked on it I open an account and on it was weird because back then I never understood you know like um units and whatnot which means that like I was trading a hundred thousand units which is like now in now versus the standard lot but back then it was trading in units so I was like okay like I press this press this press that I don't understand what's going on but I was present but know what's going on so I mean the lack of of terminology and lack of knowledge back back then I couldn't trade it you know I could just only press buttons and see like what happens you know but on eventually you know over time like I kind of learn all all that stuff right there but all started from that one ad yeah and then all that forwards the thing though but I never understood it you know that's crook like well when you discovered this forex trading huh how did you start studying for it like how do you got prepared for it so um I feel like people always have the the confusion I whenever I say study um study means like I'm looking up terminology I'm looking up what's up kenick analysis what is this what is that what is that because I want to comprehend all of these main aspects of things um so when I would like while I was studying I was just looking up stuff I was on investing calm investopedia looking up terminology and I'm looking what buy and sell prices as priced a bit prices looking on all of these certain things so like whenever I got on charts you know I'm more knowledgeable about what's going on so that was looks like me studying around that time period so I'd actually be more knowledgeable when I first started understanding what was understanding what everything means it yeah you are going to the car like a basically yeah yeah yeah you have to you know I feel like once you're actually going about learning that way learning becomes a lot more smoother than you actually being bombarded with all this information at one time you know because every single day I was so fascinated by the entire craft that I was looking up things every single day it makes sense because sometimes people get into stuff without even and they would even say stuff we don't we don't even knowing what Dad think I mean what everything means exactly exactly you know I feel like though those small things is what makes you actually get to the point that you can understand the big things because you can't understand something that's all the way over here if you haven't dabbled and understood the small things leading up to that big yeah you know yeah it's just like a day-by-day small bites and bites and bites of small information that eventually lets you understand on bigger picture and when you had like a better idea all the meanings of these words when did you or how did you start like you know this so to speak discovering market structure and everything so um when it came to the that kind of stuff once again I was still dabbling so like this market structure but also on the bigger picture end it's like Elliott Wave analysis okay because that gives you like the concept of like you know what how actually how to market actually flows in a certain formation yeah and understanding just a portion of that I put things in in my own way of understanding it so it becomes a lot more easier to me because I feel like the way how they explain certain things on the Internet it's very very complex yeah it is totally they they over complicate certain things so when you kind of dumb it down a tad bit um it's easier to digest in your in your mind and um and yeah so like I was dabbling about okay so what is technical analysis like what is that stuff you know so me looking up trend lines being looking up there's me looking up that those small things eventually led me to then applying what I'm learning on this side applying on the charts in seeing how it actually plays its part when it's actually on the charts over time that's when actually learn how to actually draw things better and whatnot by the same time I have to actually understand what is other way of analysis what is structure what is a trend line whether it is support in a resistance like what is all of these things that's deals with technical analysis you know so it's like it's really just having the topic first and then pinpointing all those subtopics under that main topic so basically you start with the basics as soon as you were like if I say miss media and missing has come you started reading all that and Lalah sune us you were like getting more info you're like darling applying death more than death one death yeah yeah till you go to the point that you were not ready to a structure and stuff yeah but in the entire time that I'm doing that I'm also on the charts it turns out it's like yeah I feel like the the worst thing that you can do is just read that into the entire time read and take notes Riaan take note because it's gonna play it got the flight you got a retake notes apply a retake no supplies like that's like that's the flow of it because you can't just remember all this information at one time okay while you're applying it your pre you're learning it a lot faster than you expect because you're actually on the live market and energy I'm usually how it works and you see how it works because compared to a person that just reason the entire time they're sold by the book and things have to form a certain kind of weight versus actually being on the charts you could you learn how to break certain rules okay you pretty much understand the golden rule you know yeah hey brother once you understood like all these technical analysis thing in an American market structure and everything oh you got it like control him yeah how did you start managing like the emotional part of things uh um that's that's like a that's like an experience-based thing I feel like you only learned that from experience because on you can't just just read something that speaks on emotional you know control or because it's not gonna really give you any kind of experience on that you could um gain insight on like okay so this person was greedy because of this and this and this this yeah but you have to actually go through with those certain things yourself because everybody's emotional are different in different situations you know so on I grew that so much because like I feel like it's your friend so I'm telling you don't don't like use a beer at outside account because you coming boys they hear that all right I mean that makes sense and he has experienced everything but like it might be one day like until you actually go do that I'm below the counter counting that you truly believe oh yeah I cannot do that yeah and um I feel like um I went through I've blown a Manny accounts in my beginner days honesty by the same time like that's like my learning curve but you have to go through that because you have to be able to go through the point that you blow an account and then your deposit again you know I'm saying like everyone goes through that phase like they blow an account they deposit immunity they blow an account they deposit immediately and then you know this is like they go through that entire cycle so that's all normal so like even like the new traders now when they actually complain about I'm like yo that's all normal rule I've been through all that stuff I don't talk about it because that's so long ago but same time like in the beginning stage you have to blow those accounts because you have to pretty much it's kind of like when your own parents tell you you know don't touch the store it was hot yeah then you touch the stove and then you get burnt you know see and have to kind of burn yourself to kind of like say okay that's hot I don't want to do that it's like a necessary pain yeah you have to because if not you're not gonna be able to learn how to control that emotion you know losing money is probably one of the most important things when you're trading up your light because it kind of gets you numb sort of thing that's right like like I could lose $5, 000 up today on the charts in like I don't give a about it anymore because I've already lost $5, 000 $10, 000 120k days and everything I've lost all that before you know by the same time like I make sure that I learned from those mistakes yeah so when it comes time again you know I could overcome that I can make my 30 K days 40 kgs 100 K yeah you know that was good yeah and the only way that I was able to make that much payday is that I was able to withstand being down a certain amount remember that account what was down like almost fifteen thousand seventeen thousand if I never had that emotional stability yeah I I wouldn't have been able to overcome that and then see the you experience that it's easier to like overcome that yeah yeah if you had never had like that trial done before you were probably just like close because all say oh oh yeah yeah that's right you do it'll scan like oh let's closest because it's not going my way like instantly yeah and then you would have felt like when you could have seen how much money you could have made like like even with this gold tree that happened like today and yesterday like I miss all do you know cuz I I got stopped out by trying to be too conservative you know on that bad drop from yesterday the day before that and today if I was able to you know be okay you know with that unnecessary draw it on with a 25 well I think that's funny when you when you know talk about the twin loss because like it was like it's the most even earlier this year or something that you said like I can handle it a lot I can't do another 20 months not that 20 lots and recently like giving this Friday you were like I don't fluctuate in July or something yeah and you're like 6.

6 or something yeah yeah nothing yeah no I know but it's 20 lots are still hard for me to deal it's at times like I can do 10 10 10 10 40 lots but 20 20 at times is a lot harder to deal with because the numbers are one faster so that's so that's where the emotional stability comes in again you have to be like this is why scaling your your lot size over time is so important because you have to be able to control how your psychology on how fast these numbers are moving like a person can't be a brand new trader and go from a standard lock but actually a point 10 and then next week they're they're doing three Lots impossible because I'm sorry moves like super fasten if they're in drawling like it's like holy think that things are moving 30 times faster than what you were just these people paychecks being like open down in seconds yeah money can go like this you know and I all of a sudden you're down a crazy amount how did you go from you just like tell nots only kind of to like almost being like sixty lot C for something because how can you handle like more numbers that being because I mean they they are big numbers yeah yeah very fast like how can you look all that don't fit us on your level of skill and imprecision because once you're precise enough a twenty lot doesn't really mean much you know I'm saying I even though I'm afraid that I took it wasn't like that I'm thursday/friday yeah those drawdown was only like about $2, 000 and then the profit was like around $9, 000 yeah you know saying what verse is a person that doesn't have their accuracy down point like on point they're gonna see five seven eight thousand dollar and draw it on before they actually go in profit so it's like depending on how good your entry is that that determines your level of risk for that trade so that's why I stress entries so much because that's literally the starting points of you know being able to up your lot size over time as well because if you're not precise on your entries you can't really up your lot size okay anytime soon yeah so those being disciplined enough so you could get you know down so with the risk I know like user like with a skill that dependent that determines your risk well likely go a certain way about how much you're willing to risk that's right like you doing very percentages by an amount of money I always like before enter any trade I always know how much what is it to lose its not even how much I'm willing to make because how much you're willing to make an always change your goal can be let's say um five hundred dollars for for that trade but then things are still being maintained and still you know valid for that direction and now your reward just went up to fifteen hundred dollars but all that matters is your level of risk so you got to pretty much enter a trade and know how much I'm like how much you're willing to actually lose off that tree immediately because if not then you're not gonna know what's it expected up yeah so you do that by you follow certain rule like a percentage of my account Oh I'm doing 10 lot I'll probably be be willing to lose like around on 4500 which is technically 45 pips alright you know um so every single time I'm answering like between Allah a twin lot it's a bit different because the numbers move a lot faster and it's every man so I'm not gonna be willing to risk forty five pips anymore um I'm gonna probably your wrists like around 20 pips or so cuz that's still gonna equal outs like around that forty five hundred all right you know so like before I even answer any trade how much am I wanted to lose based off the lot size I'm entering in in this out I go about it the percentages I feel like this is so complex um I don't have time to do math every single time that I'm training you solve like a fix amount of money that you're really nervous is how you go about it yeah alright based on the tree every single trade is a different level of risk every signature like how often can you feel great yeah exactly how confident is how clear it is I'm how much pop understand what's going on all that has to be understood before I could say I wanted to lose so and so so you could be risking like I don't know forty five pics on a confident great I don't know four four thousand yeah and on a trait you're not feeling that confident you're risking mm yeah yeah exactly but if I up the lot size on 420 lot I have to drop my risk a tad bit because I don't want to I can't risk forty buckets with a 20 level now that's what eight thousand dollars plus I'm like damn that's gonna hurt me yeah no I'm not willing to do that right there so if I have a very very clean trade that I could have minimum risk that's when I put a twenty lot you know those trades are when I have that minimum draw it down and everything is smooth but I had to be just as confident even execute that trade in the first place also in so it's all based off just a level of confidence clarity on understanding overall – you know base your risk and the reward of that caesarian trade about like the skill you know about how to you know improving the skill did you always improve it like in life traits or did you like back-tested a lot um I'm always back testing in a sense because I don't like whenever I'm on webinars I'm always back testing like that like that is back testing um but I've only like I only practiced demo one time when I was up in up in my mom like when I was going from like extending lots in to lots and I'm trying to go to a five lot I demoed a five lot and I mean were where I was – I was in Indiana for like about a couple weeks and I demoed with the five lot for like about three four days to kind of get like Martin my mind adjusted to like how fast everything was moving okay like I had like 90% of the trades that I actually took with the bagua and after that I got pretty confident that's when I started treatment five Lots so like I recommend anybody that wants up there up there less over time to be able to try to go on demo for a couple days and then look at that new lot size just was you have faster numbers move yeah we can't so you don't get like a movie like that because your mind has to get you know condition for that new movement right you know you can't try to put on a hundred lot and then expect your mind to be ready for that kind of thing right your heart rate is gonna increase you know it's gonna be like gluten yeah that's great yeah and you're gonna get stressed out you know and um even like when it comes to small stuff like you know being glued to the screen I remember once you enter the trade you you already had that set amount that you're willing to lose ya period which means that if you look at your phone where you don't look at your phone the risk is still there you know saying so your risk could it could be negative four thousand dollars all right if you look at your phone or don't it's still gonna be risky mother's so some people just like you know get their very very confused as essa like I have to watch my phone I'm in a tree if you were it's gonna be a disability it's still gonna lose that same right now we know exactly saying but that's like that's the I feel like is uh is a growing pains in a sense you know because you have to get get get used on understanding that like the market has nothing to do with you the market doesn't know you yeah the market doesn't care about your giant data it's just something it's just showing what it has to show and that's it you know so that's when everybody was like oh the markets after me the market you know I don't believe any of that on sees I feel like it's kind of like a religion in a sense like I believe in market makers seem like a little he's like they have a relationship with the market like they're so percent with the market like almost right to stop me start together me like no Sebastian it's just data show me of two currencies like that's wrong or weak they are and then once you actually come down to like that understanding um I feel like things are a bit more easier as to saying that like you know this literally just showing data that's it that's all so from there is your performance as to how much do you understand what's going on at at point you know and brother well me and Jose we always follow you your precision you know trading you know we've seen like the precision it's getting better by the day you're treating yeah yeah so that's because just because of experience or like it's it's because um I mean they're there certain times I have like terrible answers to but on for the most part like like my great trades are like some bomb-ass entries but also I'm watching how things are forming and whatnot but on I have to get better entries because I'm helping my lot size over time also so like I can't you know have the same amount of drawdown that I had with a twenty lot with a big deal and yeah you know so like things have to get more precise and I try to figure out how can I get can get better like what what do I have to look forward to be more precise about this entry and so on and so on so every single entry I'm trying to like get more and more in depth just so I can understand like when is the perfect time to actually enter that bit that's very great so yeah it's kind of like my job to just like get more precise with how I'm going about my technicals and how I'm understanding the charts yeah that's your way of like minimizing the risk now yeah like not to have the risk just get better interest yeah better entries good that on that way you could you know drop your car lots of overtime right and if you don't on you'll go every single year and have the same lot size and and unlike I said on a webinar I was like it yeah if you're doing the same lot size it back-to-back years you're not growing and in your trading like that's just real like you can't do a stand a lot in 2019 and then to us then a lot and play – yeah you know you know on 2020 you you can't there's no kind of growth there right every single year you should be growing in some kind of way you know and that's just like with with with anything education experience that you got to be able to grow as a person you know so that that's when you could actually understand that you have to grow your lot of times over time also you shouldn't be able to be stagnant whenever you're trading because that's not gonna help you up and that also means you have to also go through a lot of pain yeah you got to man I go through a lot of pain I go through a lot in yeah like I said like I'm already known through that you know how worried look I've already lost money up I've already made money yeah so now it's kind of like just neutral in a sense and so like whenever I'm on a charge so I'm kind of like robot mode you know like I mean when I lose I'll go win a trade or or lose afraid I'm not gonna feel any kind of way about either way it goes so part of the experience but you have to go through you know be super gross I feel like it's like it's like to shut it again on your coming yeah it's like a kind of painting you need to feel yeah to be coming into that then be like a robot like yeah and once you get on that robot mode um I feel like that's when you could take your trading to like an exponential level at that point because you're not um you know being so emotional you are it's like oh my oh my god that also makes it so simple because is it's very simple here you have to go through a lot of pain yeah to actually get to their soul say you want it's that simple it's like with anything though working out I'm getting better at a sport you have to go through a lot of pain with a lot of condition matter a lot of throwing up maybe I don't know a lot of pain to get to that point that you're doing in your sports be you know pro yeah and sometimes we humans we complicate everything so much yeah definitely and well also to our listeners and everything though we all have to learn that some sometimes although maybe training looks complicated but it made me look complicated that at the end of the day you have to do simple stuff yeah simple comes years to actually get to yeah I always say Trading is on it it's simple but it's not easy yeah it's simple because it's literally it's not hard to understand what we're trying actually get out of the markets but it's it's hard in a sense because you had a to take in fact of the emotion and all of these other up and down like yeah the craziness that could actually take effect with that which is not um you can't really see that when you just look at a chart you got to be able to go through that up and down stuff like the psychology issue is agreed with the revenge trade in it like you gather go through all that stuff which is not a part of the subject this is a simplistic form of trading but trading is literally buy low sell high yeah that's it that's all but it that's the simple part of it but besides that you don't see the whole psychology part of it yeah I feel like that the most the most complex concept or component in trading it's you yeah yeah it's reverses you as you use you versus you and and that's always the most challenging thing because you're gonna um you could have your ego and it involved as well like if you could be negative in a trade and then you're saying I'm right I'm right I'm right I'm right it has to go my weight not really people don't even put a stop blows because they know like I know it's gonna go my way and thing Oh count gone crazy yes I'm dancing and you have to grow through that point yeah you know and if and and I believe that you always have to be honest with yourself all right if you just blew your account knowing that you didn't put a stop loss and then you put that blame on somebody else that's that's not even physical um I feel like you know that's when you're kind of just you have that ego like you're right in front of you you gotta kind of drop that and understand that you know the market isn't working you know we have no control over and some people I feel like Instagram right now like they are like trying to just show off to somebody or like I don't know they're like always like fighting like it's like they're trying to fight with somebody like trying to prove like they're like the best I'm like this I'm like that yeah I like that's when they start doing like those stupid-ass mistakes yeah it was like if you're just doing it for yourself you should be like how does a honest and just like you don't have your ego don't do the best of mistakes just keep it simple and like faith yeah and I just feel like that's why I um I don't know I don't really like you know entertain a lot of things on Instagram anymore because a lot of people just stay there they don't understand that like it's never it's not a competition it's not a competition it's literally just a point that we're all trying to double the road is trying to get get get better in our everyday lives and on this is a way out you know and on when you actually put it in it's like more of a competitive type of sport now um everybody tries to downplay everybody else yeah when in reality I want to see you do great you do great you look great so we do all this ball out that's right because when you're like there's only so many people that I feel like is on my level um to even let you let's do this let's do this like that's why it's just always me and Ryan just hate everything else because like I need people to get good at what they need to so we could all just have fun and always do random random trips and you know does all this like this really eat us into our our everyday life just hanging out with our sports cars it's like when you get to that point like you kind of understand out like you have to root on your teammates you know when you turn into a competition like like what's the fun in that yeah you know you're gonna have fun or you're gonna bawl out all by yourself I also know it's like that's like I also match that I like how you're an Instagram because I see a lot of traders like oh let's try to like downplay and fight and like our service I don't like I'm everything out with cat yeah kids are like he's like chillin with like his cats yeah his daughter um maybe a photo of his car like good they're not great and I got oh okay or something he's like making more money than people that try to like proof all there's wrong like that's why he's so cute I'm just rates like I mean that's gold that's why I like um you might think in my bio says prime figure because at the same time like you're gonna be by yourself at the end of the day regards to the back so like why do you have to impress everybody else like if if something is not gonna like a high post on a couple years ago I was like do like are you guys are always um fussing about how this person is making money how that person make money all that matters five years from now is that you made the money yeah think about right versus how it's like if you're trying to get everybody's neck as to how they're making money or how they're going about their certain way it's not gonna matter if in five years you guys are probably not gonna even talking about yours you know so it's like it's all about just that you're on your grind now to actually make the money to actually benefit your family and future versus you know being so competitive with somebody else that's not gonna really matter in five years and I think that this applies to everyone it doesn't matter their level of wealth yeah we're just training skill or training or skill and whatever other [Music] could you say any other industry water yeah because you thought sometimes sad to see people that you admire getting involved in these games yeah with others checking childish behavior it's a waste of time you know and I feel like it's immature but yeah that's not like someone else loosing he's not gonna make you money yeah that's right I don't I mean I know the currency market like if someone else like what you're Wayne is like someone else's money at the end of that but like it's not real like if these guys friendliness is gonna grow my accounts bring your your everybody can make money out of Forex yeah it's the markets yeah you versus yeah you know we could all catch the same more than eight friggin thousands yeah that's the vessel to come down to you know but on like just even like giving that energy to something else that that that's negative it's not gonna help you go you know so that's what I don't even tolerate negative energy ultimate because it doesn't make sense like it's a waste of time you know yeah I don't tolerate it you know that's why I gotta try to be positive uplift others that are around me um and you know hopefully everybody can be great you know because all that matters at the end of the day like I said is that we all just grow we always grow as individuals we all just grow mentally we all just grow to actually benefit out of you for life you know one get our families and everything else because that's what it comes down to is building for the future that's all that matters and just going back a little bit to the thing that you said that that if you to the lot size right if you only you've been using that same lot size for one year and the next year years in the same lot sighs I really connect with that because I was doing that mistake you know a couple years ago and I was all using the same a lot of sites like point one right no use at a time the same same load size and I remember that you said that in one of your winners and it was like oh my god I've been making a mistake for so and when I operated the lot size I mean it was hard at the beginning because the money was moving faster though in a couple of days you know going through the pain you know really living it yeah it was like nothing you know and I'm ready doing every single field not only technically but also mentally also cuz I'm put it this way um and I said I said it's the other day I was like you don't know what what you're not able to do one till you do it yeah right which means that um you don't know if you were able to do a point 20 if you never attempted a point when it yes you know saying how you you you could have been a ready for point 20 but you don't even know that because you're not even attempting so like the biggest thing you had to be able to attempt new things to even see if you're capable of that new thing right yes you know um I want you're able to to do that you're forcing your yourself to grill you know versus waiting like oh like I'm waiting for so-and-so to tell me that it's time yeah that's not gonna happen you know you to be able to you know be accountable for your growth you have to say okay I'm gonna attempt to do someone so yeah you know like even before I started doing higher lot sizes now I have to attempt to do a higher law side so even know if I'm capable of doing a higher left side because if I do it that kind of tells me are so I have to be a bit more accurate here or here here or if I try it and I'm seeing crazy drawdown I'm not ready for yet because I have things to work on so let me just stick to where I am now until I'm actually ready or more precise even tried to hire lot size again you know so kind of like points you guys to where you cur in the art and your precision level you know so you have to be able to at least try yeah trying that's the biggest thing trying you know yeah you know I'm really grateful for that because that's one of the the reasons why my training has grow so much yeah yeah all the things that you said and I took action yeah brother something I wanted to ask like what like what this precise entries like how do you do it on all our techniques right yeah always how do you do guess I've seen like in the market sometimes like all our time frames it gives the entry but it doesn't work out back sorry so how have you managed that this thing though it's not even just about the lord time it's never just about one thing ever you have to be able to understand multiple aspects at one time to be able to understand you know how the entry should actually be which means that um you have to be able to understand what what you're seeing on the local amperes also but also be able to understand where that current is based off your higher time analysis so things have to actually make sense on both parts if things just make sense on the lower timeframe wait but you have no idea s of what's happening up here you're gonna go and blind technically because up up here has not shown you anything to actually help signify that down here is getting ready for that certain entry so you have to be sufficient at both analysis on little timeframes and higher time frames actually get that precise injury that you're katroo I'm trying to look for you can't as be so stuck on little tiger the entire time you can't just be so stuck on higher time of the entire time you got to have a nice median in between both and understand both to actually make things make sense it's a don't fluence on the correlation of the time from a sudden I remember in a webinar recently also like gave at least of like one may say a good grade I was like you need to be very that your heart abnormalities lot of analysis candlestick analyses your edge if they're an trees your egg seats all but it was like I wrote a gold on it was like like remain things anything I think yeah and on I like like for example like let's say these two things like make sense let's say if I had H four bars exhaustion on the entire time frame enclosed with like a bear scandal but buyers its ocean up top on say a lower time for analysis you probably had a break of a support which then helps that higher time for analysis means that you have the bar that's option right well you look but you also broke a little time frame on level of a support as well that helps you indicate that that exhaustion that you seen on a higher time frame is actually valid you know then versus let's say bye-bye exhaustion on at age four timeframe again all right but on all those anchors all you have is just a pullback was just what the support is not even broken yet that's not valid right because technically on the previous one we actually broke the support right which actually then help help signify that the violence option is valid range versus it not being broken you're just having a short-term pullback which then can be is a continuation of that low temperament analysis that is going to be a bullish candle on the hearth analysis yes you don't say it so it's not like you got to be able to actually correlate those two things to make it make sense with the higher time frame and low time it has to acting minimum I'll make sense on both parts because if it doesn't but it is any kind of like off balance in between both and is it's not gonna be you know in in your favor so both time frames has actually make sense to help your time frame correlation I think in one of their gold trades you also said like you it's a very tight spot for example that's the one you can go even lower it was an entry even like a one-minute entry yeah yeah because like I said something like the h4 candle was lit has two like two hours left or something about it's still a lot of time it was like a very important level like accession level and then you start seeing the transition but you didn't have like enough like data yeah like do do do much analysis so you want lower lower lower correct along you grab like on an entry in one minute and then there was like a perfect gauge or the week okay yeah that's crazy oh well that was only possible because I understood m5 I'm 15 I'm 13 I'm saying like I understood every single line dream no no but I understood every time frame that's what both that that one minute that's why I went down there if I wasn't clear about what was above that then I couldn't go on the m1 chart so before I even go down to a little time I have to be fully clear as to what I'm seeing on that higher Tiger in first so that's when all that I was able to take advantage above that m1 timeframe yeah every now been a bit of a tight area but that was that situation not like you said like you were like very specifically it's not like I'm always gonna be something I'm right now like it was like because how hard wasn't they five minutes 15 minute that if they didn't have enough candy to analyze so you had to go over and I used it yeah I remember it happened before with the five minutes entries you said on the course I went like yeah like you made up it was like an old confluence video you did like an answer and five and then after that everybody was like every single time I invite more entries and five renders and fight for renters and you're like it was like it's a case by case scenarios like I wasn't like you need to know when to apply certain things I want to ban certain rules yeah because if you always do that I have five very specific breaks like when you're on a very good spot to do a trade like you know it's very you know I don't know like liquid spot I don't know yeah like if if it's like an area that like I said like I can't really understand what's going on based off of that those couple candles that one panel I have to go to a photo library I have no choice because I have to understand what's making that kind of form like how it is like what is making that that that by the exhaustion on on a tight timeframe I gotta figure it out yeah that's what I'm actually applying the little time frame analysis you know but on if I don't you know um I have to you know stick to that certain time until I could actually be be sure about when I should be able to go down to the lower timeframe so it's like it's never gonna be always m1 it's never always gonna be m5 it's never always gonna be m15 is that we're all gonna be M 30 is always literally case-by-case yeah every single every single tree is always a different flow that I'm actually going but basically you have to do you have you need two things higher time frame and over time frame those have to be in sync you don't have you only have the higher time memory you'll have the lower time frame it's like no yeah especially that because I'm like maddened on people that that never ever dabble in m5m 15 and 30 I know they're not having um good draw down they're having probably 30 40 50 80 pips and draw down every single time which means that well a lot of times they're not looking there they're lot sighs yes that's what up a lot of people that you might see on Instagram now they cover their on that size why because they could have probably been doing like a point a point to but they're probably in a crazy amount of drawdown but it doesn't really affect them because it's a lower lot size so they cover their their own tanks you know versus a person that is doing like a 10 lot they have to be precise a person that's doing a point when your point and they don't happen precise too much you can have draw them those kind of no I mean with with the big ones yeah with like a 10 20 you can have that much stroller yeah you you need to be forced to be perfect yes exactly and you're gonna feel that drawdown thousands of dollars right okay but a point you could I could flow you know and you're so good well you should have a little high timeframe we miss in sync with to the lower time when I feel that kiss before like way before I saw like the 4-hour chart and there were some sashan I entered trade any when when not my way you know I lost money and I feel it because of you I figured out like it didn't do anything in a long time person like it was just retracing the reason yeah exactly it just kept kept falling I was buying yeah like you didn't hit nothing happening all over time like you're high or something like that yeah alright so you've got to be clear of like okay this makes sense that make sense and now and now to execute you know really it's just the home other incurved you know in the server and everything in sync yeah yeah and what also is being distant enough to understand I like you gotta make sure so-and-so is in sync before you could then don't get to that next step yeah if you tried to be pretty much for entries every single time then it's not gonna really benefit you tooth lunch yeah bit of a wave the technicals I know that you recently started also doing fundamentals yeah yeah yeah like how Suckley are you like I read just like reading the articles yeah um Bloomberg calm investing calm FX live on Forks live but you're not going like that into detail no fundamentals just like kind of like being aware of what's going on that's it that's it and I feel like that's good enough also you know um that actually gives you a bit more insight as to what's happening with with us we're in currencies regatta I started going into Bloomberg because they even have like live news yeah like you can even watch TV kind of I'm being like oh we're events that are currently going on yeah I'm like you can that can get like an edge on that currency pairs you know like like something's going on with it but who like give it like extra liquidity or like maybe you know it's gonna get weak or it's gonna get strong and then when you mix it with your botanicals you can get like very precise entries and get advantage of that hole yeah because me the British way um the fundamentals are the technicals is a visual representation of the fundamentals yeah like what you're seeing or what you're reading about fundamentally is being shown technically on the charts like you're like you're seeing what they're talking about in like a more technical analysis form which means that by the time that they're talking about the whole fundamental news it's making sense based off of your technical side yeah so it kind of goes hand-in-hand in a sense so both of those have to be insane to kind of like get more clarity and like the edge in a sense um when you're actually doing your treatment like it makes trading a bit more fun also because you had more reason as to why something should turn around twice I recently got a pound I was it was loan session so it was very looted the Parliament was together and everything it was like leaving a lot of like sellers accession I'm like a very strong like area like I saw the whole transition happen I'm like okay these like is that good that's fine yeah like based on the technical side yeah I've been like I start seeing the people on Bloomberg live and they're like telling like compliments to each other and start clapping and all of that and like you see Lee through there the empty for people people kind of going up and up and up and you see the people on Bloomberg like after in happier green or it's so nice like it was so funny cause like what they were doing was least we're showing and happening exactly example yeah yeah and up like that makes it fun because I mean over time like when you do your like your site attendant goes for years and years and years that you you you want to learn more also that can get you better as well and I feel like the fundamental aspect kind of adds more like that extra fun to it yeah it means to kind of like fall in love with it all over again because you had like another reason as to what you look for for more information to help it all sucks and I was like maybe why certain moves are helping oh and like it does unless it's like the reason that happens but you can identify it with your technicals and take advantage of it yes it's like yeah how's it it's fun actually good to see it's like an art how they sink yeah and when thing a lineup it makes things easier you know any and then that's when you could actually you know take advantage of your a lot sizes and that kind of stuff because it makes sense fundamentally now yeah and also technically if it's in a certain area that it could actually go to a certain direction or trait it's actually pushing us or nourishment um how do you balance training and um I mean I'm still working on it you know then um it's it's it's not easy it is I mean my daughter I don't have to take this like a 24-hour job yeah but um I mean I tried to you know whenever I have any kind of free time she's sleeping or doing something that I don't have to watch it too too much that's why I'm doing the extra work that I have to do so it's like me taking advantage of that our free time that I have now versus when I met when she wasn't born you know I could just be doing nothing and procrastinating for hours and hours and hours so now like it's no kind of time to procrastinate I'm always trying to work and it's put in work until I whatever project that I'm actually working on versus just yeah yeah yeah brother like the trait like the session that you have time to trade that day or you uh I never ever really watch sessions to too much I pretty much understand like what session things are the most on liquid in a sense like Mongo is always in West Asian because the fear that I'm trading is always the most volatile like around that time period so like once it's it it was like around five six o'clock or whatever I hate and Entering trees there because a lot of times its low its low long liquidity I might just be floating and profit draw it on profit draw it on for hours and hours and hours on till and awhile session the following day so those times I don't even look at a chart to too much because I'm gonna stress my myself out and it's not gonna be any kind of benefit when it comes to make a profit on that certain dream it's gonna flow unnecessarily until actually get to that and why session again yeah that following day so so yeah I don't really watch sessions I just watch my charts if the opportunity looks good look look looks good and a good time appeared of the day then up and to the market but it was a good opportunity but at the same time it's I say 7 p.

m.

around here uh-huh how are the past because more than likely it's gonna consolidate for a long period of time until the father's warm up it's more a matter of just like when it's liquid yeah yeah yes yeah that's the biggest time also um understanding that like if I do have a good opportunity though to a point that a certain price point that might not be hit you know in 12 hours I'll enter there but I was kind of be on edge and in a sense have myself lost set in an area that I don't want to actually hit and then after that I'm writing it out but at the same time I'm I'm not really looking at a time all too much I'm looking more on the charts than I am on the actual time of the day okay you know but uh but I understand that like the times that my peers move the most is NY system so I'm always kind of iffy about entering um what when it's far away from that and why session work because I'm gonna be and draw it on or like whatever but it was worth it I'll take advantage of it so you tried to date as small as I can you try to enter trades in the morning yeah or like let's say five five six seven o'clock leading up to and why session that's like probably like the best times that I've seen the peers that I trade move you know that's one of setting know and I think like a loan to them in Europe have both open so yeah the mostly yeah yeah definitely you know that's also that on most trade long time appeared also does I'm always trading on like now for the past like four five months has been us thirty gold and GJ like you J every now and then but on GJ us are you cold because it's like a nice flowy in between those three pairs right there so I do my damage and we so every if you see an opportunity like an armed 12 o'clock in the morning yeah thank you I hate it because depending on the direction I'm going and also like unless say if I was selling on gold right I wouldn't mind because you know SWAT fees come around as positive swath you so I don't I wouldn't really care to answer anything around that time period but if it's a by opportunity Bob plucks coming around soon I'm gonna get a swap fees it might be sloppy like it all depends on the dime the diamond dynamics of the trade like the direction everything else be the benefit me or hurt me you know like even like tomorrow is Wednesday trip us luck Wednesday's oh yeah if I had a bar but Sunnah t20 lot best $300 for that dream dollars times 3 that's not the dolls and fees just for doing that alone I would try to avoid that as much as possible so it's like it depends on the time of day that the direction that's the you know what's worth it in a sense so if it's closer to 12 o'clock or 1 o'clock depending on the direction I'll either take it or I'll probably just hold out until that certain time period passes I could avoid the fees because we treat this London station well and I'm just very aggressive yes it's super aggressive it'll have you on your toes you know but um that's I mean that's when you're gonna you know see the volatility in peepers yeah yes right yes we've seen that like literally moves in London and NY z yeah that's cool part because before I treated like I don't know it was like four o'clock and I treated that and beating moving all day on till all day I know that yeah it's stressful it's stressful so yeah it's kinda like just saying you know it's good to all we just close your laptop yes turn the phone off looks like my empty for look at it like it's in a folder alright because when it's on my screen like subconsciously I could just open it up you know and I hate like Saturday marks close on the site okay nothing's moving you know like I'm Michael P it's kind of obvious but like you're you get so addicted to clicking on one hand before that you've got a kind of status you have to learn to step away from it yeah yeah that's probably like the most important thing I feel like because you kind of get your mind reset it you know if you just take a step back and on let it breathe you don't trade every single day I mean like you're gonna be in a trade a whole week but that doesn't mean you're enter in every single day my local portunities like every single day on me um at times I would but there's certain times I really just try to take a break like what like even me after getting myself most hit on that goal trade one and then missing all of that drop because I had 60 lots of top I said and then after missing that and then missing all of that I'm turned off I don't want to treat it the rest of the week yeah because I've missed out on so much that it's kind of hard to just get back inside that knowing that I miss so much opportunity yeah it's gonna be like on the back of your head yeah already just I think that happened to us because we were on a GBP trade like week we got it from the bottom like they actually wouldn't start going and we got stopped out like and I don't know by we got we got stopped out because we put it on break even and then a week yeah you're like mmm got stopped out for like let's like three beeps or something I'm like even yeah and then the whole thing just like pump the whole it's been pumping for like a thousand pieces we went full emotional trying to get enough you're not it was like like I mean you tryna you try to be in like that same way about your rules are like wrong more than everything what if they're seen how much money you miss and it's not even like that you lost your in your from your balance is but it means money that you're about to make and then just for like us to me does mistake you're like so so much more so much it hurts important Allah I think that's good I would you say that you do was take a break Gold from training for a few weeks because your mystical trade we should have done that like the whole step away thing is super important on and once you're turned off or feel any kind of doubt don't don't even risk your real winning yeah you know good yeah you said like missing the money that you've missed out on at times hurt more than a money back then after that it's like you already lost you're ready means the profit yeah and then after that you enter because you like oh yeah then not only means the profits that's like that's when you select ok it's on I'm not gonna even trade is which raise 54 I'm done yeah until the blows are doing that sports yeah yeah but it's more the game does understand that it's not gonna always be you know yeah yeah and also when you make money you know you have to live more yeah yeah definitely on because I feel like a lot of people get addicted to the point that you know it's opportunity every single day there you know but on you got to understand that like you know having we do this so we could live yeah you know um but if you're doing it it makes us sound it means to feel like a job at that point if you're trying to be on it every single day even after like like a bad loss or like a good winnings and still try to make more money after you make some money you know it turned into a job so you gotta just make your money take a step back believe me get money exactly and then making money again take a step back and keep on doing that you know that's what makes it fun because you actually benefiting from your fruits of your labor how how all the take was born in Hawaii I don't think yeah I would say it's with one of my business I cooked well one of my business partners and in my other friend also and that was pretty much just kind of like to help people you know really because it's gonna what comes up on November 15th of November 15th um it's pretty much just to help people on you know make some passive income you know and I feel like it could benefit you know me me as well it's kind of like we just make some some automatic money you know you look based on your style of trading or assault it's not exactly my cell like my cell is very in the moment you know by the same time it's based on like an algorithm that that me and a few friends haven't been working on for quite a while now and it's pretty good it only focuses on GP peers oh yeah yeah yeah so it's like on a focus on that and and yet like the kind of profit that it brings in a month it's probably 80% 70% a time ninety percent profit entire one so it's like yeah that's pretty good yeah I'm like I have said on me I did a 10k count and then it brought in hands-free so it was cool so like to see like how how that's gonna benefit people is going to be very very awesome because people are you like I'm putting out anything is gonna be far yes I'm not gonna put out anything that has my name attached to it that is gonna be you know that isn't good not gonna hurt ya so I'm pretty excited for it and yeah I wouldn't ask you something would you replace your mantle trading first yeah you can't take away the fun from the mainland the mana trading is fun night that's what you got actually you know use your skill you know you could use your skills the power management is kind of like you know just kind of like that side income it's very you know stress-free defecating but listen when you're on the charts there's no better feeling of being on the charts and being a problem yeah right because you know you good about your system okay the Sun is brighter outside yeah whatever a good day in the morning I said about that that that that like that day and then the Sun is brighter everything this is vibrant outside yes yeah having a great day you know I mean especially a bro like I've been trying to level up like with my money like it right now I have this money up aside yeah but I'm not really like hundred percent confident to put it in my trading account like I can lose it yeah but I don't know it's like it's it's it moment to put it on the so pretty this like if you have any doubt over it then just wait a little bit you know until to the point that you could say okay I'm not as attached to this money and then you're what it's that's the thing I think I'm attached to the other way you have to be willing to lose the money like that's like the the biggest thing like I remember when I first deposited like my biggest account was like five thousand dollars like a couple years ago and then I was like yo man goddamn it I only got like $10 most to my name but five K alright let's try it out you know um and then yeah like but I was willing to lose it though like you not be willing to lose the money before you even deposit money remember like once you deposit your money technically it's already gone you know so once you're like detached from that money then deposited but if you have any kind of doubt as to like why you don't want to deposit it and don't even bother okay okay that's gonna affect how you're trading on yeah Katrine you know the truth you think for case you couldn't guess great amount of money would like that's a great one when you want you could understand what law says that you should be using based off of your level of skill at that point um then you can scale you don't say I've had a for a 4k account with me I mean I'm not saying but through this but but I'm saying if I had a 4k account like I'm doing three Lots for last five Lots like depending on how good in a risk how how good the entry is and how much risk I have on the entry as well so like that I'm doing that alone then I've actually scaled it account but based on your level of skill that's what its gonna actually determine your last size so you can use it the porque but you use a 4k but also know as to how you go about applying your lot size over time if you don't know how to actually apply that then understand that like okay I can't deposit yet until I could actually figure out like I should start with to lhasa i start with a standard lot you know cuz with me personally i feel like starting with the stand log with a 4k account makes no sense that means that you got to go back to the drawing board with trying to up your skill level because you should have enough skill to understand what a good entry is what a bad entry is what the trend direction is to you know not want to do what stand a block you should be doing like that too lot at minimum at that point and i feel like that's when you could actually you know be more confident about the on that 4k count with a controversial topic the future yeah how do you think that AI is going to effective markets you know in 10 years in five years that's the thing um I feel like I mean I feel like hey I've been around for this way gonna save us all the day I was like based on your level of income you're already living in your future yeah you know I'm saying people been had had AI from probably five sixty years ago you know saying but where does finding out out about it you know was in so it's like it was it was time I'm being a thin you know like um banks use hey guys like a lot of times I don't feel like it's gonna affect it like how people think it is I don't say ya know because it's been around you know it's always been a thing so it's the same way how you think that is nothing people in 10 or 20 years that they're gonna think that it's not a thing yeah you know saying because it's not all it's not fully public you know it's kind of like in certain niches like you only know about it because you're in the mich a person that's on the outside they're gonna think oh god yeah don't make sense yeah like one's like a person that's on on the outside of our niche they don't know what's going on they they're gonna hear about AI and five or ten years and thing like you know is brand-new oh shoot yeah yeah you know so like do they yeah but people that's in our circle like we're aware of like what's going on we're aware of AI and that kind of stuff and that kind of um technologies that's we have access to in it in a sense all right but that's only because you're getting a circle yeah so it's like I don't know it's gonna affect it like how you think it is because it's gonna be always that person that's outside of sort of the thing that you know it's gonna be brand new it's really not um well we don't want to send it more but any word of advice that you want to talk about all day um I feel like the biggest advice is kind of like always say this falling over the process all over the process understand that you have to be putting action to what what you're talking about you know and what I mean by that is um you have to you know be honest with yourself like if you're seeing no kind of progress in your you're trading like are you really putting in the kind of work that you say you're putting it or that you shouldn't put it like are you really on a tourist Everson today or are you really um doing markups or you really like trying to actually study everything today like people that aren't doing that I feel like they're just lying to themselves and they could post like a cool caption like and then they they feel satisfied about my post on that like oh look we're on the charts and then they they feel satisfied just frozen element but on the back end or in putting in work when no one's looking you know I'm saying is I feel like it's just um do what's needed do what's required actually it was required to actually get to where you want to be when people are looking for or not looking because at the end of the day is it's gonna be you on the charts you know so you have to be able to be so sufficient enough to be emotionally stable and you know have that skill level to actually you know tackle the charts by yourself you know so on the biggest tip is just you know to be honest with yourself in this long do what's required to get to where you want to be and I'll be accountable like that's that's probably the the biggest step be accountable for your own actions you know saying if you take a loss it's on you you you press the button you know no one else did were you really ready you know so don't put blame on on anybody else be accountable for for where you are in your journey and go from from that point Thanks do you think people should back this a lot you have to back this because that's that's where you actually um learn about how precise you're doing certain things like how precise your drawing like that I'm sometimes technical on a chart like you only know that because based off of past data you know because that's like it's kind of like your practice because you're applying something that you should have drawn when it was that time period inside a market where you've drawn it late in a sense by the same time you draw on it it kind of shows you as to how you help you goes to the advantage of it okay like ice actually back to us and then find all my entry opportunities a long certain friend and how I could actually took an advantage with and she points exit points and that helped me for when it comes down to my current charge because you just want your mind to just be ready for um to be conditioned enough so you could actually anticipate certain moves those trading is literally all anticipation like once you're able to anticipate a certain move then you're ready for the live market because as the mark was actually making new candles you're already anticipating a certain area that it could hit based off of where currently is how the candle actually forming all that stuff so it's literally all anticipation so like back back testing prepares you so your mind is ready for that live marcasite suit so you can anticipate those certain moves if you don't back to us then you're not gonna really all be ready for the lab market it's kind of like this just being thrown into war but you were never in any kind of simulation or anything like that you have to be able to go through that simulation and whatnot to actually you know be ready for that war that real you know that a real fight you know because the worst night that you can do is go into a live market and not have any kind of conditioning you know as now your mind is gonna be all over the place and you're gonna be like overwhelmed with ever really appreciate thank you yes I'm Chico's winner she's talking about the YouTube aqui the Quillen playing that's obscure EDC overlay I've got in the company but again was continued capacity vamos a huddle and link the Instagram link the Quillen and chip shop once again you gotta get right um the cubix yeah see I mean you today liquid okay I see stunning is Spotify or Apple podcast was little about your know something was approaching ah let's go.