Successful trading requires mastering emotional management and risk control, as traders typically lose money due to psychological factors like greed, fear, revenge, and overconfidence rather than strategy or market conditions; the key to long-term success is accepting losses as part of the game, maintaining discipline through visible reminders of trading rules, and understanding that the market rewards those who can stay alive long enough for their statistical advantage to become apparent.
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🟢 Sala BRAVA do Garretti 🟢 | 31/05/2026 - EMOCIONAL E GERENCIAMENTO DE RISCOAdded:
[music] [music] Hey guys, good evening. I almost sent a " good morning" message here, huh? Hey everyone, how's it going? The national team's game is over.
We won there, Mateusão, from Poderoso Panamá.
Hey there, Thalis Edu. Edu Gambá, Marcião, Daniel, Mateusão, Simone, Johnny, Stepan, Ed, Eriquinha, Ricardão. Good evening everyone. Oh, look at this nice t-shirt! This t-shirt right here. This right here. A golden future.
Legal. This was when I went to B3, when they launched the asset, right? GLD Fut, right? And then they gave me this t-shirt, which is really cool, look. B3. This information is only for those who were at the event. Hey DMK, right?
Dilson speaks.
All very well? This team is us, we are the ones. Have a great short week, everyone!
So, let's go, guys!
What time is it? Wait another two minutes. Just two more minutes.
Hey Gutão, great GT.
I'm going to show you something here that many people haven't seen yet, right?
But I'll show you.
Okay, let me play this way.
Good. Hey Antonio, my friend.
Guys, I'm getting everyone together, I'm calling everyone who's doing the training. I mentor a lot of people, so I'll be calling them, you know. Can we do it? Let's do it. So, I'm putting in some different times here, but we're managing to fill it out for everyone, okay?
Hey Duda, everything alright? Oh, remember?
Thursday is a holiday.
Then I'll do a poll with you guys, right? Because the stock market opens on Friday, we'll see if we can manage it. If you're up for it, I'll do a regular live stream on Friday, which I think you'll be interested in, right?
Otherwise I'll jump too. But I think you'll want it. I'm saying this because next week, no, next week, right? The other one, I'm going to take five days off. I think I saw Edson asking. It's from the 8th to the 12th, so it's a week, but on Wednesday I'm already catching the plane and leaving, right? So on Friday, I'll probably do a live stream from some ship somewhere, somewhere I'll be in Italy, Greece, I don't know where I'll be. I don't even know where I'm going. I'll be out at sea there. Let's see if the internet catches on, I think it's going to work. Hopefully it catches on. Hey, everything alright? Good evening, we're in this together. It's OK.
Let me see if I can display it on another screen as well.
Well, I'll just leave it there. I'll show it here. Okay, so I'm going to put this on the screen here, I want to show it to you first, okay? So let's go. Hey Paulão. I miss you, Paulão.
Beauty. Okay, let's go guys, here we go. I'm going to show you something cool here, okay?
But it's from Prash, right? It's not one, it's not one, it 's not one, let's go to the graph, but it's almost that, since we're going to study it, right?
Right? So, let's go, let's take a look at the news and talk a little bit about management and emotions for trading. Let's go. Let's go.
[music] Bo. Look at that, guys. Look at that. For those who have n't seen the tool yet, guys, for those who don't know about it.
Top tool, but always be careful. Good. Hey, César, my friend.
All very well? Hey guys, for those who don't know yet, I developed this tool, okay? You can open your browser and type in www.garret.
Or just use the Garrett app, look, the Garrett app application, and press enter, it will open right there. Okay? Now I've added a small fine here, see. It turned out great!
He wasn't there when I showed you the first day, okay? So this one is pretty cool. Let me quickly explain this to you all. I'm going to take advantage of this, okay guys? This first button is for those who don't have an account yet, just click here, and it will open an account on EQI, okay? These stickers you see scrolling down here are beautiful, guys.
It's real, in real time. Hey, Edu.
Goodnight. Anyone can install the app.
Which? And I promise you, I turned off the live stream.
You're number one on my list. Now I'm going to reply to your audio message, okay?
Not your audio, your podcast in text format, okay? But to answer you, I'll be on vacation from the 8th to the 12th, not next week or the following week, okay?
I'll probably do our live stream from the ship on Friday, okay? So guys, let me just say a little bit, anyone can do it. Hey, okay? And here, [laughs] and down here, in the stickers, these stickers here, guys, for those who are students, mentees, who are in the live room, it's exactly, you know the Quant method, you know? Oops. Wait a minute, I can't show you yet. Surprise. You know the method when, in our price grid, we have those assets that we look at like a compass, plus the assets that I have in Black Arrow?
I've put all the ones we need to look at here; they're the most important ones. So this is real, real time, okay? It 's not a ticker, any ticker I manually added, these are the ones that are appearing here in real time. Beauty? First things first, let's go.
Here, guys, is the deal. You click here to install the app, it shows you, for those who have an iPhone, right?
Just point your camera at the QR code. On an iPhone it's one way, and on Android it's another. You're going to share it, add it to your home screen. It's one, it 's not an app you search for in the store, okay? I haven't put it in the store yet. To list it in the store, you have to register. There you have it, and it's paid for. It's a bigger hassle to fit both into the Android and Apple systems. So it's a website that I turn into an app. That's how it is, that's why you can download it. Then you click to install, and it shows you the step-by-step instructions. It's pretty simple here, okay? Very simple, okay? That's really cool. It's on my phone, but it's really cool, okay? Exactly what's shown here on the phone. And you can save it to your favorites at garret.appapp. And every day you can open here, look at the quote here. I'm going to add more things. There's more to it, okay? Anyone who can't manage it can ask around to see how she's doing, but she's quite naive. If you can't do it, that's okay, there's no need to be embarrassed. Just give us a call and we'll help you out. I'll help. My friends, my dear fellow sentinels, help me. I'll help you, okay? This is the heart of the site, right? It's Garret Trader, the ecosystem, the hub.
I thought it was really cool. I'm watching the news. Cool, right? Hey Edu, make use of this for me. The news opened for you normally on Bloomberg. Tell me about it.
Ah, the registration at Ah, okay. The information is right here. You're talking about this one, Emerson. In this one. This one is for opening an account, right? You do n't necessarily need to open an account to access everything here.
This is for those who want to open an account and trade within IQ. You'll access everything anyway, right?
Beauty? This is the heart of the hub, right?
Click on the live stream there. Okay? And he's coming right over there, look. Folks, look here. Look, there's a monster here! Right? Come straight to YouTube, okay? The others here, for those who want to join the studies, click here, it will take you directly there. It's not that guy, that crazy guy. Wait, it's loading up. I don't even know who that guy is. Neither does that one. I don't know any. It's OK.
Leave him alone. Ah, so you registered there. Ah, great. That's it, Edu, you see? It opens the regular Bloomberg website for you and says, "Hey, look." Go there so you can join the VIP Optional.
Here it is, Free, the free group.
Bloom opened, and so did the calendar.
Perfect, Edu. Oh, this group is free, you don't pay anything, okay? There's the mammoth, indicators. Today I have others, but for now we're looking for the big one here, look. There's even a video here showing how to use it. Everything just falls through. So, guys, anything you want. Ah, the link, guys, does anyone have the link to the mammoth, does anyone have the link to the study room? You don't need to ask anyone for anything else. You go to your browser and type garret.
He's about to open it and he'll have everything, okay? It opens like this, see? Here it is, you have to open your account again, it's exactly the same with the button, the same thing. It has a heat map that's amazing, okay? The stocks that were most traded, that had the highest volume on the day, opened, right? Beautiful, beautiful. Thank you, Edu. That's really cool. When you hover your mouse over it, it shows you down here: the price, the ticker, the market value. Look there, look. And when you click, guys, look how cool, it goes straight to TradingView. For those who don't know, it's a great tool with a lot of cool information about the asset, analyst ratings, technical signals, it's beautiful stuff, okay? Beauty. I'll go back to the hub, okay? Here's the calendar, guys.
Look, I've already scheduled it here for tomorrow, the 30th. I'll schedule it for the first of tomorrow, right? Oh, it's working fine, okay? That's normal. It works normally. Filter here, choose only three bulls.
So, applying everything works there, see?
Handsome, indeed. Tomorrow at 10:45, 11 o'clock we have PMA. There are three bulls. That's what we have tomorrow, look. Beauty.
The app turned out great, man. Thanks.
Yes. I'm going to put one more thing here that you won't believe. The news site, Bloomberg, he opens this one here, look. Bloomer, for those who don't know, is one of the websites that companies, institutions, and brokerage firms use the most, okay? It opens Bloomberg too, it's loading here because I'm streaming from here, it's a little slow, okay? Open it normally here, it'll open there, okay? You'll see that it will open. Let's move up here while he carries it over there. What else do we have here? And here's the WhatsApp group, look! It's opening up here, look. It's already open, look. This website, guys, is one of the most coveted and widely used sites. It's OK?
There you go, okay, I agree. It's already happening, it's already happening in Iran, the United States, look. Alright, this is awesome, okay?
Sensational. [Snoring] Uh, there's the WhatsApp group, look, you click here for your friend, say: "Go to the garret.app, everything's there." He can already enter here, inside the WhatsApp group, ours is below, it tells a little about who I am, who's in charge, at the rhythm of the heart, look. That's cool, right? And tell a little about my story and some things, okay? Okay? Look, very cool, guys. It 's not because I did it, but I thought it was really cool. This was last year's result. For those who didn't believe it much, now that you enter the live room you know it's true, right? It's possible.
Right? Then tell a little about the story we do, what time it's open. This year's result already, look, we're doing, in the live room I'm doing 72,000, doing 241%, it still needs updating. There are a couple more days to put it, okay? From this year Okay, alright? This year I've had four days of high temperatures so far. Last year, all year I had five. This year I had four. Four or five. Hey, Glauber. Cool. I think it was four. Here's the heat map you've already seen, look. The highest highs and the lowest lows. It's updated here, great. It works in real time, look.
Here's the flow part, the calendar, look. This here, guys, since I didn't have time to talk to everyone, you send me several messages, I'm very grateful, recognizing the work, everything is fine when we're going to put it on a website, to be able to put a text with the person's name, I have to, I know you guys, right, it's all good, but the right thing to do is to ask. So, I took real texts, but I put fictitious names, okay? But the texts are yours, if anyone remembers. But I put, sometimes I changed the text a little there, because since I didn't ask the person, but they are Okay, your texts, right?
Really. And there, the cherry on top, look.
Partnership here, look, 5PI, proprietary table, look.
I put our partner here. And look how cool, pay attention to what I'm going to show you now, okay? We made a new website, but, look, but you can put my name on it.
[laughs] Thank you, Edu. Look how cool, guys. When you click here, look how cool it is now.
Look at the website that 5PI made. Then I asked them to put, look, the logo there, look.
Mammoth there, look. Mammoth GT here in the background.
My name here, look. Official partner. It turned out amazing, right? You can say it.
Look how beautiful. I told them.
I want my logo. I want you to change my logo there. Put my official logo.
This is our official logo there, look. Okay?
This here is the proprietary table there.
Okay, our partner there, okay. Good? Really cool. It turned out sensational in my opinion with our L. It turned out great, right, Eriquinha? It turned out awesome. And that's it, guys. For now. That's what we have down here too, look. People sometimes want to know my Instagram.
It's here, look. Click here below, look. It opens my Instagram, huh? Look, poof. There it is, my Instagram is here, look. Okay?
Instagram here. There's also the YouTube channel Mamute Animal. There's YouTube here, look, and WhatsApp too, okay? And that's it. What am I going to tell you, what am I going to add here? A few more things. I'm going to add the Telegram group here. Eriquinha is in that group, she knows which one it is, Eriquinha and Paulo and I think one other person joined that group. It's a Telegram group. It's going to be a repository, where I'll leave books, uh, I'll leave some insights, uh, analyses of the day, operations, uh A place where you 'll go to consume, drink water, and come back.
What exactly is an inside candle? What is a view? Wait, let me go to Garrett's repository. There will be a group on Telegram, it's already created. I'll start posting content there soon. Nobody talks there, okay? Because otherwise, imagine! Telegram and WhatsApp will be a group where you'll consume things I'll put there. Let me search for this, let me search for that.
Let me see if there's a study. Let me see what a Fibonacci retracement is. Let me see some videos.
You'll go there and search in that Telegram group. It will be a repository, a deposit of information for us. I'll put it here and somewhere on this page I'll also put it.
Then I'll put something here, a couple of links, one link for mentoring and another for a course for those who want it, okay? Talk to me, Carlão. And there's a cherry on top. It's the cherry on top of the cherry on top of the cherry. I don't even know how I'm going to... I'll talk here, but I'm going to do a part here, maybe I have to, I'm already doing it, but it's not working very well here, how do I have to find the information? But I 'm making one, maybe I have to make another website, but this one will be accessible, it will be good for you, where there will be a place that will be the real quantitative method, where there will be a thermometer, if this stock is good to buy, it will have AI, you know? AI isn't that talk that people say is AI, right? Where it will tell you if it's the best time to buy with certain indicators that you will flag.
Oh, beautiful thing. This one is kind of, this one is more annoying to make and it's all me doing it, right? And I also have to see how I'm going to position it here. But in my view, our website is already doing great, because in fact I've never seen one like this before. I've never seen one. If anyone has seen one like this before, okay? To give you an idea, let me just tell you this, okay?
Cloud, This is something like this. Hey, Thagão. To give you an idea, a website like this, people charge from R$15,000 to R$25,000, even R$30,000, [snoring] it takes a month and a half to three months.
I did it in much less time, much less time [snoring] and spending much less. I did it myself, okay? Of course, you need to know how, right? Since I'm into programming, everything, right? So, for me to stay, I'm already more in my element, but people charge a fortune to do this. You can search it up to see. They charge a fortune, okay? Ah, and you can even do it for Ia, you have to know what to ask, how to link things. It's not as simple as it seems. As I already told you privately, your what? Your first impression.
[laughs] Your first impression is that you're a jerk, but you're awesome.
[laughs] It's the day Merersão said it, I was even scared. He said crazy. It's [snoring] Because I talk a lot about others, right, Merão? But it's because I want to help you. I want to open your eyes and I don't want you to fall for nonsense. There are many good people in the market too. But I don't need to keep talking about good people, right? I know it's not very ethical sometimes, right? To talk about another professional being bad or something, but I prefer to step outside my ethics a little, because in my opinion, they are the ones who lack ethics, inventing and selling something they themselves don't do, right? They don't know how, they sell dreams. So I prefer to step outside my ethics to show that they are stepping outside their ethics even more. That's why I do this. But the normal thing isn't good, you know, it's not good to talk about professionals, but I end up going a little outside my comfort zone, okay? Okay?
Because I want to help you, because otherwise, for me, I wouldn't support this kind of shady people. But to warn you, I need to step outside my comfort zone a little.
Okay, no, you said something rude here.
I'm even a little sad here. Good thing you said below that you fixed it.
Okay, guys. So, let's go.
Look who's here.
In a moment, don, you went off the rails, you went off the rails. I'm talking about the tickets on the tour.
Ah. [laughs] Good evening, master. Your website is really cool. Congratulations. You're making the group here dream and achieve. That's it. We love everyone. Good one, Marcel. I know, I'm kidding. That's it.
So, let's go, everyone. Look, emotional and risk management. The trader goes broke mentally before going broke technically.
Look, Edu, I enjoyed the lecture on the logic I'm in BC. It was a mix of trader and Fábio Rabim. It was technical, funny. [laughs] Good. Look, guys. So, like this, smash it. Good. So, guys, this name is very strong, Okay? Emotional and risk management, that word, okay? So I'm going to give you several insights that I've developed for myself throughout my career. I've taken them from my own students, from other professionals, things that I've observed and seen that work. There are some things that often seem good, but in practice don't work very well.
Alright, Rodrigo. I'm back from vacation so we can start our course. Okay, Lucão. Take it easy, relax.
Thanks, okay? Alright, guys. So, there are some things that I've seen many people try. I know that sometimes people don't want them to work, and so on. So, sometimes I want to say: "Look, guys, sometimes this won't help much, in my opinion, right?" "It's been 19 years." So, like, I rarely make mistakes either, I'm not perfect, but I've seen a lot of things happen and attempts to change this and that, and we have to follow the same path. It's that thing I talk about in the training mentorships, right? If you don't have a defined path, any path will do.
And when any path will do, we end up nowhere, we hit a wall, and nothing works out.
Right? That's why we have to control things, right? The live stream is for that.
Strong mind, controlled risk, discipline, and with all that comes consistent results. But remember this phrase: a trader breaks through their mind before breaking through their technique.
This is important right away, everything I say here, I think, I think it's worthwhile. Write it down in a notebook, then come back to the live stream, okay?
Some things seem like jokes at first. I know it seems like a joke, but it's not a joke, aside from that. Some things. Guys, write down several insights for yourselves on sticky notes. I'm not kidding. I'm not kidding." Stick it on your computer. If you have a fixed place, like your office, stick some of these 10 important steps, some steps from this live session here, on a sheet of paper, tape it up, print it out, laminate it.
So, some things, right? It's like this: strong mind, controlled risk, stick it on your computer. This isn't nonsense. This is the first thing. Because when we're trading, especially on a bad day, we know we're not achieving what we're looking for, we do n't observe what's happening around us because we're totally focused. And it's not focused because it 's technical, it's focused because we're desperate.
When we have several things we can see, one thing is having a book, I saw everyone having a really good discussion, everyone talking about reading, I think that's great, but the problem is that when we're trading, our book is closed, right? I saw a conversation you guys had in the group, I'm always following along, right? So I thought the books were great, the guys, Paulão, everyone... It's over, I think it's sensational. You really have to read books, there are so many quality books, right?
But when we're trading, tell me if I'm wrong, we remember something that's in the book, let's be realistic.
Everyone goes there, highlights things with a marker. I've done that my whole life, right?
This, that, highlight and fold the corner of the page and put, you know, the page divider there, the page marker. But when you're trading, you're not going to open it, you're not even going to remember that, because we can't execute it.
Right, Edu? Now, if you have some sticky notes, put colored sticky notes, yellow, pink, lime green, a sheet, a sheet glued on, put that. It's not a joke. I've talked to professionals, financial market psychologists who are in trading today, at the time it doesn't even cross their minds, right, Duda?
Exactly. Nobody looks at that. We're not going to look. Not you, not me. We're not going to think, oh, let me see that note I had. Marked, forget it.
We're not going to look, okay? So, first thing, write this down, okay? Follow the management, stop at the target, follow the GR, uh, best time, always trade, for example, always trade from 9:30 onwards.
Pay attention to candle number 13 of the 5-minute cycle, which is when the view opens.
All those things I talk about, that we're going to talk about here, that are important in decision-making, you write them on sticky notes or paper and keep them visible, okay? Many, many times, ah, Garret, I already write a lot of things in my notebook.
What do you do? Install GPT on your phone, take a picture, right, Adilson?
I passed the tip on to Adilson and others. [snoring] Take a picture, send it to GPT and say: "Structure a text for printing." So, everything you wrote down in that half-folded notebook, which is on 10 pages, you ask it to structure everything on one sheet. That's it. You print it in slightly larger letters and glue it on. It's beautiful, but it has to be something that catches the eye. Don't use a 10-point font; have it printed in a 15 or 20-point font in yellow, fluorescent. It has to be something that catches the eye.
That's the first tip. Right, Adilson?
Let's go.
Good. Let's go, guys. Look, the Kendle 13 is a dream killer if you're not smart. Exactly, Edu. Exactly.
You told me about GPTs, reinventing the wheel. That's it, guys. Okay. Look, what really makes a trader lose money?
We're on the same page, Paulão. It 's not strategy. So, the question is, what really makes a trader lose money? It 's not the strategy, it 's not the indicator, and it's not the market.
That's all we think the opposite way. When things go wrong, when I'm losing, what do we blame?
First thing, oh, this strategy is garbage. This indicator is... [ __ ]. The market, when you guys, you know, how many times have you gone into another room, right, and we're making money and the other rooms are like, "Oh, the market, I do n't know what." The market is going to blame the market. That's just how the market is. Some days it has more volume, some days it has less, because some days there's a lot of data. Anyway, that's how the market is.
So, the first thing, when we 're new, we blame exactly what we should n't blame. We blame [clearing throat] a strategy, we blame an indicator, and we blame the market. The market doesn't even care who we are. We're just sardines.
It doesn't care, it's worried, it doesn't even know we exist. That's what the indicator is. The indicator, for example, the Mammoth indicator, you have to back it, for those who don't know it, or another indicator, I'll talk about the Mammoth. Mammoth is a beautiful thing, right?
But I always say, it's good, I say: "Take it yourself and test it." Today there are already a lot of students who can already... I'll speak for you about the indicator, but I use a different one. I don't use the Mammoth indicator. I'm just getting to know you now. I got the indicator, man, you have to validate it in market replay, in the simulator. You have to ask the person you got it from what timeframe they use, on which asset, right? If there's a time when you have to use it or not, if at any particular moment, because there's no indicator that can cover everything. Indicators, Simone, emotions paralyze you when trading. You only see the action of the moment. That's why, if there's no emotional control, the risk of losing becomes evident. Exactly.
Yes. Okay. So you have to test everything. The indicator. The indicator isn't to blame. The indicator is action and reaction.
Remember when I asked several people what the indicator was? What's the most important thing we have to look at on the screen? Most people get it wrong. I already said this one day on a live stream. Someone says: "Oh, MACD." Another says volume.
Others said several things, but only one person got it right. It's the candle. It's the Price. Price is the most important thing, okay?
Everything is based on price. All native or non-native profit indicators react to price. Price is the candle.
Why do so few people talk about price? Because it's more difficult. What does our mind look for? Something easier, a setup. Do you really think that if setups worked, were good, perfect, people would lose so much money in the stock market? Only 5, 10% make money, okay? Setup is not strategy.
People sometimes say: "Ah, I have a setup, a strategy." No, wait a minute. Do you have a setup or do you have a strategy? Setup, remember that?
Setup is an olive.
Strategy is the pizza, right?
Strategy is something much more where you're seeing everything that's happening during the day, you've already prepared for the market, you've looked at the weekly and daily charts, marked all the points, you're following the data that's coming out, the news that's going to come out, you're looking at what's happening with the price at the moment. That's strategy along with the setup indicator, that thing. Beautiful, isn't it? You've combined several things, setups, everything that's here, and I've already tried a setup. A setup is a tool that, by itself, won't solve anything.
Again, if it worked, there are trillions of videos on YouTube with millions of good setups, but it alone won't solve everything, otherwise we wouldn't even be here. So, a setup is the shot, a strategy is the vision of the battlefield. Perfect, Edu. That's it, it's another catch. So you have to be aware because sometimes people look for, pay for. No, I wanted to learn your setup. Say, then I don't have a setup, I have a strategy where I have indicators, because there are studies, Pandora's Box, there's the Mammoth, there's the compass there, the method where the quotation grid, all that will give me, guys, a vision of what to trade. Guys, I've already tried to trade everything, every type of setup you can imagine, things I don't even remember anymore. It doesn't work.
Just one setup won't work. You have to have more, okay? Because if it were just one setup, The solution to everything, everyone was making money. I don't even know who would be losing, right? Because someone has to lose to win, right? But the statistic that most people lose is because everyone does what everyone else looks for at the beginning, which is the easiest thing. I also did the same thing in 2008, 2009, 2007, 2008, 2009. Looking for the little setup. A little setup isn't the way. It 's not the way, just a setup. I'm not saying that [the setup] is bad, so the setup is good, but you need a lot more. An analogy I make.
Hold on to this, Edu. I'm going to become a fighter. I know judo, a lot of judo. The guy is a black belt in judo. It's like being a black belt in setup X, any setup. Anyway. Then you're going to enter the UFC. UFC is a modality where there are several types of fighting there, each one, man, uh, I don't know, karate, uh, I don't even know the fighting styles. They have that boxing style, various modalities there, I don't even know what types of fighting they have, various types, capoeira, I don't know. FC is a combination of various techniques. If you're a black belt in judo and you go in there, you won't survive long, it's like a setup, it's a shot. It's that shot you mentioned: "Ah, I'm always going to do that sweep, the Sokagari, I don't even know what they call those moves." "It's very little."
Now, if you know several modalities, then the game changes. So, in the financial market, if you only know one thing, ah, some people say to me: "Ah, Garrete, but I only execute one thing, tell me what you execute." Then the guy says, look here, look at this, look at that, look at this, look at that, several things, and then he makes his setup. So, but then I tell you, so, but you make a strategy, you're not realizing it. You looked at several things that are there around you, then you went and executed the setup, but you looked at everything that was around you.
Great analogy. That's it, Edu. Right?
So, sometimes a person makes a strategy, they didn't even realize it, okay?
What makes a person lose money?
What does it do? As I said, it's not strategy, it's not market indicators. What does it do? Greed. Where I did this in 2007, 2008, 2009 and 99.9, A repeating decimal, everyone enters the market and loses money, which makes the trader lose money. It's greed. That's the first moment, greed, right?
People enter, take the course, and already want to make R$500 a day, no, but I have money, etc. That's not the point.
You can have money or not, it doesn't matter.
You'll be easy prey for the market because you weren't prepared. So, greed makes you lose. Then, the second moment, remember we talked about this, many people identified with it.
When we enter the market, we're like children, a child who does n't know the risks will want to stick their little finger in the socket, right? Until they get that first shock, right? Because, oh, wow, they're not afraid. Then a slightly older child, another analogy, Du, I love making analogies. An older child is afraid to play near a socket with a loose wire.
Why? Because they already understand the risks.
So, the The first phase, when a person enters the market, they're usually not afraid, they're greedy, and then they lose a lot.
Then the second phase, which is more complicated, is when we start to learn something, it even seems to get worse, right? Because now you understand the risk you were taking back then without even knowing it.
You didn't even know the risks. Now you 're afraid. [snoring] First, because you lost money at the beginning. You weren't afraid of anything, it was greed, you already lost. Then when you get to the fear, you have it because you've already lost money, you 're already scared, right? And now you understand the risks you were taking. You say: Good heavens, what the hell was I doing? Exactly.
Okay? And then, great? Then you start preparing, you start preparing for the market, right? You start learning.
Okay, talking about my past again. Cesar, what happens? The other phase, when we start to learn something, start to understand, we don't confess this, but we do it internally, Subconsciously, without realizing it, we start to become vengeful, which is that thing about revenge. "No, now I'm going to get this damn market."
This feeling of revenge tears you apart in the market, destroys you, okay?
So you'll see that these are cycles and processes, and we all have to overcome them, and it's not easy. And everyone is in that moment. Some are driven by greed, others by fear, others by revenge. And then there's overconfidence. I went through this for about 10 years in the market, when we start to become too confident, the more we win, the closer we are to losing, right?
Overconfidence without going back, right? That thing I call the Red Bull of Wings, instead of stopping flapping my wings and going back to my hand size, there was a time when I increased my hand a lot, even made money, but it wasn't compensating emotionally or structurally. I had friends who even got gastritis, other health problems, Stomach, ugh, a whole lot of stuff there.
Why, man? Trading with 2,000 contracts, 3,000 in a single order, okay?
Remember that I traded a maximum of 800, but I had a friend who traded with 4,000, 8,000 contracts in a single order. I do n't know if you understand. And it's not worth it. So, besides emotionally destroying you, the overconfidence that makes you increase your position too much destroys you, because we think in our minds: "Ah, I'm losing here, I can't make money with two, three, five contracts, I'm going to hit 30, 40, and then it'll be negative."
This fear, right? It even hinders the correct entry. You exit too early for fear of breaking even. Exactly.
Okay? So this overconfidence also destroys you, because when the blow comes, you'll have to take a few steps back. And that's what we all are, being human beings. It's happened to Stormer, it's happened to me... 2020.
I lost in a single day, I lost 46,000 in one day, on the day of the pandemic, I think it was the day it went up the most, I think 12,000 points there, and I didn't let any students trade, I've already told this story, and I went to trade and lost 46, 50 grand in one day.
Hey Marião, my friend, everything alright? Okay?
So this overconfidence destroys you. That's why, at all times, the more we win, the more sometimes, that's why I also did it, and many people follow me, on Fridays I prefer not to trade. It worked for me, it may not work for others, it worked for many, okay?
So, I've said before, if your goal is R$ 5,000, R$ 1,000 per day, then if you take out the basket and make R$ 1,250, you, right, conditioned the same basket value from Monday to Thursday and everything is fine. And Friday I left free because, I was giving back a lot of money on Fridays and ruining my weekend with my family, which is my priority, in this case my wife, my parents, [snoring], you know, and all my family in general, my brother-in-law, my mother-in-law, my father-in-law, everyone. So, it ruined it. Why? Instead of enjoying life, because life is only one, right?
And we have to enjoy it with family, because money isn't everything.
Money is a tool because it allows us to fulfill our dreams. I kept wanting the weekend to pass quickly, because I go back to the previous step and I was vengeful towards the market because I was overconfident, I took a hit on Friday, and by Monday I was seeking revenge. And we get stuck in this cycle, guys. Greed, fear, revenge, overconfidence and lack of discipline. And then it's back to greed, fear. We keep alternating here, for a long time. The lack of discipline, I'll tell you, maybe it ends up summarizing all of this, right? Okay? He's kind of the sum of everything. So, the lack of discipline means there's a day to lose, I'll talk more about that later. There's no point in trying to avoid it.
Pay attention.
So, if you admire me and like me, and I respect you as I respect everyone here, all jokes aside, if you don't have the discipline, if possible, leave this slide in the group, okay? I'll send a summary there later, okay? Where all the slides are, leave it to me, I'll send it.
So, if you don't have it, a mute doesn't help, the lines don't help, me being live doesn't help, you don't trade for a proprietary trading firm, you don't have money or not, nothing helps, it's all over, you lose your reason. You know that thing when you're in a difficult situation, you know that thing when you're, you know, you're in a bar, some kind of fight breaks out and the guy is cursing you, you have to get out of the situation. Better to get away. Because from the moment you throw a punch at someone... If someone reacts, you've already lost all reason. What's the analogy for the market? If you get lost in greed, in the middle, in the vigilance, in trust, and lose any of those, you enter a state of lack of discipline and that's it.
You've already lost your reason.
I call my wife at the end of the trading session to be my judge of discipline. Good.
Like 34. Thank you, Luizão.
Okay, so that's it. The lack of... It's no use, guys, again, I'll say it, do it, there are days when it won't work and that's okay.
You just have to accept that, understand it once and for all, watch this live stream. I'm going to send a screenshot here for you to send to the group and I'll pin it for you. Print what I'm going to send and paste it. You can paste what I'm going to send you. I 'll guide you now. And print it in color, black screen and everything in lime green. And paste it there and have it laminated and stick it next to the computer, on the wall, where it's easy for you to see. It has to be next to the... Okay, so if you lack discipline and reach your loss limit, it will happen more than once a week; in short, it will happen quite often along the way. But if you don't give yourself time to learn, nobody will survive in the market. It's been 19 years, and everyone, the few who survived that I knew from my time, unknowingly followed the same path. The vast majority, unfortunately, follow a different path: increasing their position size, lacking discipline, trying to find the winning setup, the holy grail.
That seems to be the easiest way.
Remember that thing our grandparents and parents used to say, that when something seems too easy, be suspicious?
Unfortunately, we have to take the longer path, the right one. Everything in life takes time to build something lasting and financially secure, a family, a marriage— everything takes time, right? So that's the path we have to follow with discipline, right? That's exactly what happens to everyone. The trader earns R$500 and gives back R$2,000 trying to earn more.
Everyone does that. That's it. Most people hit their targets in the morning, and I say, "Don't trade in the afternoon." I saw people talking about this the other day.
Some said that trading in the afternoon is fine. If someone has incredible discipline in the afternoon, OK. But when we talk about technique, volume, volatility, the afternoon is very bad.
So, as a recommendation, I believe that in the morning we should focus on day trading speculation, right? It could be in stocks, options, whatever. When we go to the afternoon, there's the occasional opportunity to do something, that last train that passes around 2, 3, 3:30, look at the volatility, do something, and it's just not about trying to recover or double the target. If you want to do just a small trade, if you click in the afternoon, in the long term, if you statistically analyze when you win in the morning, when you win in the afternoon, you'll see that you win much more in the morning. In the afternoon, what is it? You evaluate your portfolio, build a portfolio, think about doing swing trading. The market doesn't... In short, it's my main investment, by far.
It's what I love most, by far.
But it's not the only investment, right? We have to diversify, build a portfolio that pays good dividends, right? A portfolio for life, a portfolio for life, I mean, to build and leave to the children, right? Every time that dividend comes out, you buy back more with the same dividend, and that's how it takes time to build a good portfolio, it doesn't happen overnight. Oh, G, I wanted to build a portfolio with you. Let's build one. The market is stretched. What do you think? Now is not the time.
Why? Because other places will always be trying to push operations that are sometimes unnecessary. The stock market is at 200,000 points. Stocks have risen 50, 60, 70, 80. Do you think it's interesting to build a position with everything stretched upwards? Isn't it?
Interesting. What do I do? Nothing. Put it in a fixed income with daily liquidity. There are several examples. The money is available, it's... "It's yielding. An opportunity arises, we get in.
Oh, I'm getting in now, I want to build something.
So, you have to wait for the right moment. That's how you build a good long-term portfolio. Nothing, not even Barce, not all those people you see talking about it, and it gives the impression that the guy did it now. Nothing. It takes years, decades to build a good portfolio, but you have to start. If in one year you can build a good red hedge, build a portfolio, work with short selling, short selling mini-index futures, like I do. One year is a time that I think is enough to build a good portfolio for everyone.
One year is the time I can build, I built my portfolio, and what the people I follow say takes a year to build a portfolio. It's not like, you build a portfolio in two months, you'll have to make some asset changes, you'll have to adjust the timing, if the market is stretched, it's not the right moment.
Delays are cycles, fixed income cycles up, down, right? Stock market cycles up, down."
Look, I studied the market for a year, both morning and afternoon. Good trading in the afternoon doesn't even take up 30% of the time. I mean, it's not worth it. Exactly. And another thing, this isn't the best job in the world. Why? It 's not just because of the location, the geography, which everyone says you can trade from anywhere in the world.
That's one of the icing on the cake.
It's being able to choose when you want to work. With a sideways market, sometimes the best thing, the best thing to do when trading is not to click anything, it's being able to work only in the morning. If we have, I'm not a CLT employee, but if you become a hostage of the market, sitting down at 8:45, the screen closes, you bring your plate to eat on the table. If you're not careful, you bring a chamber pot, eat cookies on the table, you don't get up for anything. Everyone who comes, you say you're in the office, you're at your desk so people can come. That's not life. That 's not life. You're a hostage of the market. So, if it's going to be the best profession in the world, or if you have the freedom to take care of your family and have a good quality of life, what is it? You do what needs to be done, in my view, in the morning, and that's it.
Zero, nothing more, okay? I'm talking about day trading. Then you do it without really doing it, you go to the gym, take care of your health, right? You have lunch with your family, with your child, you can take them to school, pick them up, things that other professions won't give you that privilege. That's all, the financial market.
Okay, again. [laughs] Right, fine.
Let's go.
The emotional cycle of trading, which I was out of until now, the confidence we have without knowing anything, like a little kid sticking their finger in a socket, [clearing throat] euphoria, thinking they understand the market, well, it's already happened, right? People get emotional when they enter the market and win kind of by sheer luck. It's really by sheer luck.
Luckily, because God She shone brightly in that first month, and she came to me with a strategy.
I just listened out of respect, and I gave her some warnings that I wish I were wrong, but I never am, right? And then she gained excessive confidence. This is the cycle here, right?
And the next one starts with the stop-loss orders, right?
The cycle here is clockwise, right? Follow the arrow, right?
And why did you put the arrow here, in the opposite direction?
Because you go from stop-loss to anger, anger, stop-loss, stop-loss, anger, anger, stop-loss, stop-loss, anger, anger, stop-loss. And it stays here.
This is when we destroy our assets. Here, look.
One of the moments is around here, one of the first moments, right? Right? This whole cycle here is where the market lets you think you know something, right? I always say, think about it this way, guys, a person enters the market after two or three months and thinks they've discovered... Holy Grail. Imagine you're trading with traders like me, who, I mean, have been around for 20, 30 years, even longer than me, 40 years, trading with high- performance HFT systems that run in nanoseconds, nanoseconds, milliseconds, I don't even know what the next word after nanosecond is anymore, which is institutions, foreigners, brokers. Then this person thinks that in four months, wearing their flowery, ripped shorts and their Suvinil-colored sleeping shirt, they've discovered the Holy Grail.
Sometimes they watch a YouTube video, a movie about a guy who managed to break the bank. Folks, that's just speculation, sometimes it's a movie, it's kind of fantastical. People embellish it.
And how many Pelés are born per century? Maradonas.
Right? A guy might be born, you might even find a business, but it's rare.
Right?
Okay. Then my biggest problem has been stopping out on the day and trading the next day thinking about recovering. That's all. It gets worse. Duda, that's why I'm going to send you the card. When I'm finished here, I'll send you the presentation in PNG format, on a single page. And I'm going to ask you for a favor, for yourselves. Print it and paste it in color. It's all going to be black. So that black doesn't attract attention. Color. Just one sheet.
Color, just like it is here. I'm going to send it. All these slides I'm showing you will be in one format on a single sheet of paper, okay? Because what happens, Duda, not just you, everyone, I also went through this for a long time.
We have to think that every day we're going to print new money. The money that's already gone, is gone, gone away.
Right? Loss is part of it. So, I took a stop today, tomorrow it continues.
New money, forget it.
Funny, when we win we forget about the previous day, but when we lose we don't forget.
Crazy, right? Why? We don't accept, we don't accept losing.
One of the The key thing I'm telling you, the turning point for me, was when I accepted and understood that in this game, I have to lose some days. I'm going to lose.
My strategy is even kind of strong, but I'm going to lose. I already know that. I don't want to think, "Oh no, I'm going to trade for 20 days and I have to win." If you keep thinking, "I have to win," you're bound to get hurt.
So think like this: you're only going to win, there's no way around it.
You have to win and lose.
Losing will always be a lesson for you every day, okay? So, when you get that into your head, Duda, you'll see the pressure go away. Look, if Garrett, who's been around all this time, is saying he loses too and it's normal, why am I desperate? The day I lose, the next day I try to recover? So, okay, you lose, just print new money. If you go back again, back again, and it's within your management, everything's fine. Remember what I said the other day in the live stream, and I'll say it again to keep in mind... This is recorded, and you have to watch this live stream several times because people hear everyone talking in the lectures—big lectures, you know? From giant traders, professionals, or those who call themselves professionals, right? I've even heard some disappointed people saying that day trading is luck, bad luck, it's like a tiger, it's a bet, I don't know, that this is all luck, that this is all ground beef, right? They said all that stuff, that day trading is very risky. Okay, I've already talked about this, but I'll say it again to have it documented, because not everyone heard it.
So, you mean to say that if you open a franchise worth half a million, a franchise worth 300,000, 200,000, you open it inside a shopping mall or on the street, there's no risk.
You put all your assets there, you're retired, you want to invest something, you open this franchise, you put all your money in there, your whole life. Or not, or you're going to build an apartment, a house to rent, there's no risk at all, right? That Funny, if everything you earned in your life amounted to half a million, you put it all into a house. Now you're going to pay 2.5 grand in rent for 10, 20 years and you'll be breaking even. Your family is having a stomach ache, what are you going to do now?
Because all your money is tied up in that... She's getting married there. Oh, the risk there that people say there is no risk in. What are you going to do now? Then this absurd belly-flattening device will have to be sold for a pittance. Then some opportunistic guy comes along and buys your house, right? Banana price. So day trading isn't the risk, right? The problem is day trading, it's the people, and emotional management.
That's the big problem, actually.
Let me read this, okay? My biggest problem has been stopping the stoppage on the day and recovering. Beauty. There's a trader from Ideal who's been badmouthing everyone. He's the one operating the brokerage firm, he's not a robot, and he 's manipulating the market in the direction he wants.
Every week there's something new to learn about, which wave to ride. Exactly. The real trick is to accept the loss and not carry it over to the next day. I still suffer from this. And he's going to suffer a lot. It's part of the game, right, Jé?
When you're milking a cow and it kicks the bucket, the next day you milk it again.
The spilled one. [laughs] Exactly, Ricardo. Top analogy.
Put a truck there, like, what? A 1.2-liter truck in the hands of an irresponsible person. Calculate the risk. That's right, Lucas. Lucas works with trucks there. So, guys, there's risk everywhere. If you have a store on the street, I've already said this, but I'll say it here to have it documented, if you have a store on the street, you spent R$ 500,000, whether it's in a store or in a shopping mall. If you don't sell anything that day, it's a loss.
It's a loss because you paid for electricity and property taxes, you pay employees, you pay for water, and you continue paying property taxes. If no one comes in the next day, loss, loss every day if you don't sell.
Then the market comes to the market and says that the risk is here. Risk is everywhere.
Now I'm going to say something that I said. [snoring] When we open a store, a franchise, I've already said this to some individuals, I said it in a live stream, but not everyone heard. If you invested 300,000, what is the risk of that investment? Then everyone says: "Losing all 300,000." That's a fact. That's already your risk. 300,000 stayed there.
But that's not all, you don't know how much you're going to lose in this operation, in this operation that you invested in a franchise, in a store. It's much more than 300,000. It's not just what you put out there initially to start the store.
300,000. There are employees, there will be losses, there may have been theft, they will have to buy more materials, it expired, they bought fruit, it spoiled.
Well, you don't know the risk of how much you're going to lose. You don't know, nobody knows when you open a store, franchise, partnership, you just don't know. What if I told you that in stock market trading, we always know when we're going to lose? Of course he knows. You don't have a stop there. Every trade you enter, you know exactly when you can lose and when you can win.
Unlike anything else out there on the market – franchises, stores, partnerships. Look, stop and think about it so you can see.
Ah, but I lose. You lose because you lose to the emotional aspect. You mess with the stop loss, increase your position size, place a lot of orders, go against profit management, you don't even know the market, you don't even know the tool properly, the profit calculator, you know nothing and you come to trade on the stock market. And then they say the stock market is dangerous. No, you're the dangerous one; you 're the dangerous guy.
You are your own killer, you are your own murderer, right?
Risk is part of everything, Carret. That's why I restricted myself from inviting friends. Too much guesswork.
Exactly.
The real risk is going through the Federal Highway Police checkpoint, oh, with a tide of 97 coming from Paraguay.
The market is always right. That's right, Edson. We are the ones who go wherever they want. We're just trying to react to it.
We can't try. When you ask me these questions, I understand. We're live on TV. G, do you think it will go up more today? I do n't know, technically I'll say: "Hey guys, there's an upward trend."
Sometimes when it's going up, someone says, "Gete, what do you think about selling?" I said, "No, it's just high today."
Right? Technically and statistically, we have all of this working in our favor. Through a lot of backtesting, a lot of study. Absolutely, absolutely. Guys, I don't even know if I 'll sleep tonight or wake up tomorrow.
Nobody knows.
You never know when, do you?
Prayers for my wife's grandmother who passed away at the funeral home yesterday. We don't even know when we'll have the last word with that person. Guys, you could be talking to someone here tomorrow, and they might not be here anymore. And so, the more the market is manipulated, full of players, each looking out for their own interests, the less we know, the less we can try to guess.
Oh, imagine that every time you're about to enter a trade, I'll give you another tip that you have to write down, then take a picture of the GPT to print in addition to the sheet I'll give you.
Imagine that every time you make a trade, you have to explain it to Garrett or to someone else.
If you can't explain it, imagining that I'm talking to Garrett, well, I'm sorry, my feet. Oh no, thank you, Edu. It was really complicated.
The little voice was 92. The little voice was, I can't even begin to describe it, but the little voice was special. Are you crazy? But anyway.
But look, think about it this way: if you can't explain it to yourself in the mirror, or imagine you're explaining it to Garrett or a friend, then this operation you're about to undergo means you shouldn't do it, right? You don't have to do it. Beauty? Ah, something there is working on me. Ideally, I should always understand the operations I'm performing. Sometimes it's better to understand first and click next. But if it's with me there, it's still me, right? But imagine you're alone. If you can't explain why there's nothing there for you to do.
When I'm doing mentoring and training with people, and they have a lot of stuff there, they tell me: "Oh, don't take that away, because I like it."
But I say, "No, you don't have to like it, it has to work." Ah, but I like it. It's OK. Explain to me one of your operations where you use that. The person starts explaining things to me, and I tell them: "See? You didn't even use it, or you didn't even know how to explain it to me. So when you can't explain it mentally, imagine this: I'm going to explain it to Garrett, always think of me, so in a good way, I'm going to enter here, but if I had to explain to Garrett why I'm entering, start talking to yourself, talk out loud if you need to. Sometimes mentally it's not possible, talk out loud or write it down. You'll see if it makes sense or not. If it doesn't make sense or if you can't understand it, it's because there's nothing there for you to do, okay? Otherwise, it's guesswork. The market doesn't forgive guesswork, okay? Fine. Then after all that, you start trading to recover. Then it's just a mess. Losses start to increase, you start increasing your position size, you go out of the GR, frustration, discouragement. Then everyone starts saying: "Ah, this isn't for me, the market is rigged." Well, that guy didn't say anything, forget about what others say. The others are defeated. "The guy who enters the market and loses and complains, 'Why didn't you prepare properly?'
No. So, I was even talking to Jeff just now, he was giving training now, you know, guys? 6 pm for Jeff.
Can anyone become a dentist?
Oh, today, tomorrow I'm going to be a dentist. It's not possible, right? Tuesday I'm thinking of becoming a lawyer. It's not possible, right? But on Wednesday I'm going to become a fighter pilot. Is it possible? It's not possible, right? But in the stock market you can open an account. Tomorrow you put a video on YouTube, how to open an account on Iki. You get a link, it opens. What tool do I download? With two, three videos on YouTube, you can open an account on the same day and be trading in the afternoon.
That's the problem, the ease of entry that destroys our assets. In none of the other professions can you already be working, operating.
Financial market, this ease that I think is good in one way and bad in another. The worst part is that everyone enters thinking this is easy money.
Because of the ease of entry, you enter here and lose." Smoking. There's no way to become a good professional in a specialized profession in just a few months. Exactly. But everyone's mentality here is, "No, I'll just get by quickly." "No, this is just a little extra money." When someone gets a taste of it, without preparation, it's already interfering with their number one job, which was their main source of income. They're already canceling meetings, canceling clients, because they've already entered "recovery mode," full of anger.
And then, guys, it's a snowball effect, it starts interfering with your number one job. This was just a little extra income, but it 's already interfering. You're operating all day in anger, driven by emotion. You start fighting with your family at home, people are getting beaten up, so to speak, right? Arguing without even knowing why. If we become more emotionally aggressive with our family, our parents, our spouse, what for? Then what's supposed to be one of the best professions in the world becomes one of the worst.
That's why everyone ends up talking badly about it. They talk badly because it's easy. "I'm not going to become one." "I want to play for Barcelona, can I do it tomorrow? No, because everything is difficult, it's a process, nobody gets there quickly. Here, everyone can get to the stock market tomorrow, they watch videos morning and afternoon, and they get to the stock market. And it's the same thing here. If you could play for Barcelona tomorrow, let's say you pay 1 million and go to Barcelona, you'll play there, you'll lose the money, you'll lose the trip, the guys will criticize you there. Then you say: 'Ah, football is rigged,' it's not that it's rigged, you have to play football from a young age, right?" He played soccer at age 5, then 10, played futsal, played in Brazil's youth teams, then went to Barcelona, it didn't work out, he was loaned out, then came back. Isn't that the process? The market is a marathon, not a 100m sprint. Exactly. 100 m sprint. You have to train for years. Exactly.
Okay. Next.
The biggest mistake a trader can make is operating with a profit margin (PL). PL is about managing money.
The money. I'm talking about the PL here. Okay.
What is the biggest mistake a trader can make?
It's because it deals with money, it deals with profit, and it deals with loss.
When you try to do all of that, there's no way to make money.
All of this is within your emotional realm. All. All. Managing money. What do you mean by "operating with money"?
Ah, I have plenty of money, I have 2 million, I'm going to have the surgery. It doesn't matter. I've seen people lose millions in just a few months. I've seen a trade that scammed a lot of people, causing them to lose 5 million in a single day, trading the dollar at full speed some time ago, when they were operating through Horama. This guy took money from a bunch of people to trade, kind of like a pyramid scheme. Never do that. Never hand money directly to anyone. You learn. They only depend on you. From no one. Oh, about you, G. Me neither. Nobody. When I say nobody, nobody is anyone. Familiar, nobody, it's you. The money is yours, earned with your own sweat.
You have to know how to use it. You're the one who's going to learn, you're the one who's going to operate. If you don't know, don't do it. So, don't pass the responsibility on to someone else. You might get frustrated. Beauty? So, everyone knows that the biggest mistake in trading is when they manipulate money, profit, and loss. When you operate using charts, setups, context, and strategy, you have statistically measurable numbers in your favor that help you achieve that much-desired consistency, which some people think is a pipe dream, right? But it's actually a journey of years, 1, 2, or 3 years. I've reached a point of consistency, and it's like arriving on an island. I arrived on the island, great, the island has no food, now you die. When you reach the right consistency, great, now I'm going to loosen up. No, once you get there, it's every day, you have to maintain it. There is no such thing as daily consistency, there is consistency over time. And now, how do I keep it going? Sometimes getting there is easier than staying there.
Reaching the point where you close one month, two months in profit, and close one year, close two years, and live off the market.
Right? There was also the case of Cop Trade, which lost a month. Oh no, don't even say that. I warned you, Edu!
You didn't know me. Ask the guys how much I talked about the cops and how I warned them. I used everyone. The thing is, I didn't have that many people supporting me, unfortunately. There's plenty today. Ask anyone who was watching me when I was talking about COP if it was going to work. He can. When everyone was talking about COP, I was saying, "No, spread queue, the platforms aren't prepared." I warned you, I warned you, did n't I? I'm not talking about it now. Go ahead, anyone from my generation, speak up, Ariquinha, Mateus, Thaago, who's from the old days? Why don't you build one? Because the structure isn't great, it's starting to get better.
Many say that it has nothing. It has nothing. Most of the CP robots out there don't have any AI at all.
None. You can take this video of mine, cut it, film it on your cell phone, and send it to all the groups. If any professional trader from any other firm speaks against this, I'll put them on live stream here any day. It's sworn right there, look.
He's going to show me. So what I'm saying is that it's an AI that has copy and a cop. I want to see. And I want to see if it has consistency as well. It does not have. Beauty. So I know what I'm talking about. He warned us repeatedly, and we watched the same crap happen.
This case became quite famous without mentioning names. Yes.
There are several names there, right, Edu? Several names. So, like, it's not that I wanted to, I don't want to, okay? Oh, Garrete, I don't want to, okay? That's because, given my background, I have a degree in IT since 2001, in programming, I know how it works, right?
Ah, I'm a witness. You mentioned COP, it does n't work. It's Edu, Ed kept asking, right, Ed? Talking doesn't work.
Mine will come out someday, but making a copy is easy for me, guys. Robots are all that, it 's easy. The problem is the structure, liquidity, volume, spread, and that will be adjusted.
Remember when we used to trade 10 years ago, the brokerages were full of spreads? It's gone now, the robots are full of spreads, eventually it won't be available anymore. So why the rush?
So, unlike a lot of the traders I see commenting, saying things like " congratulations," "great robot programmer," I see other guys praising them. That's nothing, it's all marketing, it's all just a way to sell to you.
Most traders aren't, I'd say almost 100% that most traders aren't programmers. That's very little.
So the guys give the impression that he's a robot programmer, but that's nothing.
As I told you, you can cut my video and send it to all the groups.
So I challenge anyone who claims to be a top-tier programmer to come here, show me the same results I show here, and don't bring me spreadsheets where we input data and images. Come here, open Profit and show everyone a year, two years, and don't just show results, show that you claimed to be a programmer.
So explain what trading is, show me your clients, understand? I'm not saying it won't happen, but the majority isn't, is it? So that's what matters.
Therefore, even having a robot, signing a copy, or using a robot doesn't exempt you from learning. If you don't know what you're doing, if you do n't know the market, if you don't do training, whether with me or someone else, or mentoring, how are you going to sign up for a copycat, a robot, if you don't even know how it works, the number of contracts you have to put in, what time it turns on, what time it turns off, you even have to know that for a robot. Beauty?
Ah, I'm still waiting for your methanol robot, turbo methanol. Okay, so when you start trading money, you stop trading the market. Beauty?
Stop is not defeat, it is not defeat. That's what needs to be written there, on the slide I'm going to send you.
Stop doesn't mean defeat. Stop is part of the business.
Garrett, I'm stopping. Everyone who lives off the market stops for the day. It might stop the week. What matters is the month. It's like the cash, the weekly, the monthly allowance. That's what matters.
The day stopped there in management, there's no problem at all, it's part of the business.
Right? Professional trader loses. The guys who really trade lose.
Beauty. Fund changes market and loses value.
Marketmaker loses. Fixed income investments sometimes lose money.
Does it or doesn't it? Everything is lost. Your little shop over there, look. Right? Lose everything, lose. The problem isn't losing, the problem is not accepting defeat. So, one of the biggest turning points, if I can sum it up with several things, one of the main ones that always comes to mind first when someone asks me, was when I accepted defeat. The day I understood that this is the game, why should I get stressed if I lose today? Tomorrow there's more, every day there's trading for the rest of my life.
We're all going to live to be 200 years old, and there will still be a market. The market will continue to grow; it will always exist. You're not going to save your life or get rich overnight. So, it didn't work out today, but it continues tomorrow. And if it's bad for two days, that's fine. And if it turns out to be three, great. If you give it a week, you have three more.
Closed. That's no problem at all, okay?
Risk management, the secret weapon.
I put here that this is a pattern I've always used in my life, and I learned it when you have a slightly larger portfolio, especially when you're working with stocks on a day-to-day basis. You can't afford to lose, right?
Your maximum loss range is 5% to 2% when you have a large daily portfolio. When we have younger children, we can work with between one and four. I usually say, it can't go much beyond that. If you lose 10% of what you allocated for trading in one day, something is wrong.
You invest R$1,000 in trading and lose R$ 100. Just an example, right? You invested 10,000 and lost 1,000. Think in percentage terms.
Losing 10% in a single day seems like you're right.
Ah, but I'll do it on other days. It will be?
Your meme from Instagram. You do it directly, right? Another, the second turning point that changed my life. There was a time when I traded thinking about making money, and that's when I lost the most.
After that, what I'm going to talk about now is the second part, which is very much up to each professional.
When I thought about using a period, it didn't work for me.
Point didn't work, okay? What works for me is a percentage of the assets you've allocated. It doesn't matter if you have 5 million. How much do you trade? 5 million. I said, "No, you don't operate with 5 million. How much do you allocate?" Ah, you have to allocate. Yes, you have to allocate the limit. If you have 2 million open trades, you have no way to measure or manage what you're actually trading. That's why I say, I define the mentorship training live, a small portion of your assets to start trading, so we can measure the gains and losses.
And then you can recover a 10% loss by gaining 10%. To recover 10%, you need to gain 11%. Exactly. Because besides the money, right Marcião, and the emotional aspect involved, this 10 feels like a 15, right, because of the pressure, you know? Right? So, the second thing is to think in terms of percentages. If we were to make 0.5% of what you traded per day, 1000 or 1% per day, it would be surreal. If we do 2% a day, 2, oh my God, guys, 10 days and 40%, 1% a day, 20 days, 20, 2%, 40%. That 's 4 to 5 years of fixed income in one month.
You've got to be kidding me.
Ah, but I have very little. I just started. Okay, start with 2, 3,000, 5,000 there, which is the maximum I suggest starting with, between 2 and 5. Think in terms of percentages. What will change next?
It's just the amount of money you have in your contract. Ah, but guys, Garrett, I do n't have it. I have a partnership with table 5 that can leverage this. Including [snoring], Rafão will be joining us on Wednesday at 11 AM, he'll be live from 11 AM to noon so you can ask all your questions about the 5P proprietary table. It's a way for those who don't have money, right? Power to leverage. What's the point of having a proprietary trading firm where you operate with their money and have, roughly speaking, a... He will explain everything.
There's one where you have to take a test that involves making money in the simulator for two months, reaching the target, which can be achieved in a week or two months. After all, everything you do results in a 90% commission going to you.
Right?
Who is it for? For those who don't have money, right? For those who lack discipline, right? And for those who are just starting out, how's it going? Because you don't put all your money in, you put it there, you pass a test worth R$400, R$500, and then if you take those tests worth R$1000, R$2000, and fail the test, you have to take another one. What did you lose? The test costs R$400. If you had invested R$3,000, a lot of people have already done that and lost it in a week or a month, you'd have to invest another R$3,000.
So the proprietary desk ends up being a management tool. I think it's cool. Five or ten years ago, I didn't trust any of them. I thought they were all bad, all terrible, they didn't pay. When the guy started winning, the guys would disappear, take a long time to pay, lots of shady dealings.
I've met 5PI, I know the people, I've been there in person, it exists physically, serious professionals in the market. That's why I put my name there. My name is on the page, okay? My name. What matters most in life is family and our name. So I'm very protective of my name. My name is there. If things go wrong, many people won't necessarily blame them. Sometimes you'll even blame me, right? Some of them wouldn't be right, would they? But as I'm suggesting, we end up connecting the names. So it's another way, okay, to protect the assets. Beauty?
As I always say, surviving is more important than winning at the beginning. The vast majority don't learn so much at the beginning that there's not even time to learn. When she's learning, there's no more money.
Then you have to keep working, come back in two or three months. Since it's very new to the market, it has to start from scratch.
That way you waste a lot more time. If you 're losing little by little, gaining little by little, paying for pizza there, R$50 a day, R$100, you can lose, break even at the end of the month, lose a little, gain the next month, you're gaining experience. Because nobody wants that, right?
People don't want to measure learning; they only want to, and can only measure, when it's worthwhile and only when they win, right? That's not how it works. That 's not how it works. Listen to what I'm telling you, someone you trust. It 's not that. You have to measure your learning, which is something you can't measure in other ways.
At that point, later on, you'll say: "Thank you." Wow, Garrett was right, it's a good thing I had surgery when I was younger. I had a friend who started and lost a million, two million, he didn't even learn anything. And in the beginning, when I was trading 2,000, 3,000, it would be negative, positive for the month, it would be zero.
Now that I've learned, today I operate with 100,000 and make 10, 15, 20%, I make 5, 10,000, 1,000 per month, plus I operate through several proprietary trading desks; you can have more than one desk. Beauty? Let's go.
When not operating, this is important, pay attention. It's on the screen. It reflects the individual's personality. That looks like me, doesn't it? I think that kind of foolishness is actually me. Okay. When ca n't we operate?
When she argued at home with her son, her wife, or her husband, she slept poorly.
We get tired, have headaches, come to trade in the market, but don't trade. When you're very tired for various reasons, when you're nervous, and when you're trying to recover from a loss.
If you have it, you'll have this image of me here that you're going to print, okay?
I'll send it at the end, I'll send it to the group.
If you have any of these [devices], don't operate, trust me. Ah, Garrett is wrong. I'm not wrong, I'm right about this. I'm right, okay? So, if you're in one of these little " flags" here, this little " X" here, if you feel like you're in one of these, look in the mirror and say: "I'm nervous, I'm tired, I'm going to try to recover, I slept badly, I had a fight at home." It doesn't work, man. Stay in the simulator or don't operate, today you take a break, have a shower, spend the day, nothing like taking some time off, right? Relationships aren't like that; you work for it, don't you? Sometimes you come back in a day or two, you won't get any richer, you might get poorer, right? Tired trader, making emotional decisions, okay? I did that a lot, okay?
Psychologically speaking, it's like saying: "No, no, I'm not nervous, okay?" Yes. We're the ones who try to fool ourselves, aren't we? To sabotage, right? No, I'm fine. Nothing's alright. Then you 'll see it printed out there for you. If you have any of these guys here, skip this day. And if there's one the next day, skip that one too. You can't have any of those feelings here, okay? None, not even close.
If you think you are, you probably are. Beauty.
The difference between an amateur and a professional trader. Amador is looking to make money today. Media hype, right?
Today the world is very immediate.
Just speaking the truth. Thank you, editors.
Just speaking the truth. So, if you're looking for the immediacy that companies, industry, and the media create in us today, right? One of the biggest illnesses is depression, right? Everyone's glued to their phones, everything's due yesterday, everyone's glued to their phones, tired, lying in bed wanting to sleep, but they're just scrolling through their phones, not even knowing what they're looking at, right?
Everyone is in this together, everyone goes through this too. Everyone goes through certain moments. That. That's the amateur guy.
Looking for money for today.
Okay. The professional seeks to survive for years. Another tip: pay attention.
Dude, even though our operations are fast, fast, seconds, milliseconds, minutes, right? This project, this professional project, is also a long-term one. Again, just because our operations are day trading and fast-paced, doesn't mean that knowledge and experience come quickly; no. Only the operations are fast. Knowledge and results are long-term, like stocks, fixed income, career knowledge, and everything else, right?
When you have a commitment and operate in a hurry to win. And it's in... Ah, let me operate real quick here, okay? Because I have a meeting, because I have to get away from the screen. Dude, if you're in a hurry, just turn it off beforehand, because it's going to be a mess. Go. The chances of things going wrong are absurd. It's just a small trade. Sometimes you want to make up for lost time, you start canceling yours, you change the meeting time, and it's already interfering with your number one job, which is your livelihood. If that's happening, it's a bad deal, everything's wrong, okay? If you are taking doses of 7 to 1, you cannot have surgery. My God. Exactly.
Okay.
Beauty.
The secret to consistency isn't winning every day, is it? Oh, I did it, I did that [ __ ]. I had a doctor's appointment at 10, I went for a quick one, I took 400. Exactly. The worst part is that sometimes the doctor cancels their appointment, and then the doctor only has an opening in two weeks, so you don't go to the doctor, and then a problem arises, something that was simple for you, a little pain, and then it turns into surgery. Look at the snowball effect that's happening, right, Gutão? Just for a quick trade. Look, it could be bad for your health. Just kidding, all joking aside, right? It was just a little pain you had, but you were in the L-shape, you cancelled the doctor's appointment, and then two weeks later a sphincter burst, I don't know. And if you had gone, the surgery would have been expensive, it wasn't necessary.
Look at the snowball effect, the mess it creates.
Okay, but I've already learned. Yeah, unfortunately, we only learn through pain, right?
But the pain might just be a little scrape, right? It doesn't have to be surgery. Okay, Edu?
Beauty. So, consistency isn't about winning every day. Consistency is key, isn't it? Losing little, winning when the market delivers, that day that's in the book, that we talk about, we made our move, that's nailed it, we already called it, it's in the studies. and repeat the process.
Lose little, win when the market delivers, and repeat the process. Lose little, win when the market delivers, repeat the process. Lose little, win when the market delivers, repeat the process. Beauty? Non-stop. Doing the same thing every day.
Oh, do it even on days you don't want to.
Do it, do it this way. Ah, I want to make a change. No, do what works. If you want to do something, if you want to test something new, go to the simulator, for replay. Do what makes money, do what's a test, do a simulator, do it another day, do a replay, okay? Stick to the basics, you're not going to want to try anything new on your real account, okay? Test it on replay, test the simulator, then test it with a small real account, and then you can increase your stake. This is the process, at least for me, to test an indicator, a cop, a robot. That's how it is. Many people do n't even know what that is. He does any little thing, he wants to put it on the market. That's a no-go. It's because he also knows, or doesn't know, right? It's not that he's malicious, it's that he does n't know the process of what a programmer understands. Everything is backtesting, lots of backtesting. You need to know the flow, market cycle moments, and what data affects that asset. There's a lot to test. It's not like that; you create an indicator there, it turns green, red, and then you release it to sell or use. Right? One mandatory rule of trading is consistent: never increase your position after a loss, right?
Never remove the stop loss order or tamper with it, never seek revenge. Write it down, even though you'll have to, right?
[snoring] Never operate when tired, never operate to recoup losses.
Respect your daily loss limit and only trade known setups.
Known together with the strategy that is the whole. It's the pizza setup and olives. Don't forget that.
Think long-term.
Never think about where I have to win.
He forgets. Forget about fiercely protecting capital, always.
Discipline above all else.
Beauty?
Right?
And to wrap things up, the market doesn't pay for whoever gets the most things right. The market pays those who can stay alive long enough for their statistical advantage to become apparent. I'm going to say it again to hammer this into your heads. The market doesn't pay those who get it right the most.
The market pays those who can stay alive long enough for their statistical advantage to become apparent.
Beauty?
And that concludes our discussion.
What did you think of the live stream?
One and a half hours, as promised.
Hey, I told you guys I was going to send the image to the group, didn't I?
So, here's the image for you to print. I just sent it to the WhatsApp group, it's there, see. Print this out.
This is the presentation in small blocks.
Okay, I'll pin it here for you guys. Beauty.
I'll send it here in the groups too, see?
Oh, I'll send it here. Guys, if anyone has any questions, wants to talk tomorrow, or even if you have any questions now, I don't want to take up too much of your time, okay? Late afternoon, an hour and a half, as promised. I'm sending it to you all, in all the groups, including this one here.
Great, all the groups, oh. I think it's really cool. Print it out, guys. Look at this every day.
All the groups are there, look. Is it closed? And I sent it to the WhatsApp group.
That's it, folks. And that. I've already sent it to print. Good one, Gutão.
Perfect closing line. The best live stream ever, in my opinion. Excellent.
Congratulations on your presentation.
Those who suffered the most would fully agree. To those who most closely follow the protocol. That's great. Wow, guys, that's awesome! If anyone has doubts, let's do it like this. Regarding how we operate in the trading room, considering a maximum of 30 contracts, what is the chance of triggering a stop loss? 30 contracts. Ah, difficult. Don't jump! Don't jump, okay, Johnny? Only if you trade at the same time as a given statistic, a news item, three bulls, then you can jump up to five, okay? Now, if there hasn't been any success, you could put in 100 contracts and it still won't bounce anymore these days. That's very rare, isn't it? It's great to rest now, because there's a market day tomorrow. Good one, Edu. Thank you, Marião. Thanks. Whenever you want to talk to me, just call. Carlão, thank you, excellent live stream, okay, guys?
Just print it out, I sent it there, okay?
Thank you so much for being here, everyone! We 'll schedule more live streams soon.
Thank you all for coming, okay? A kiss to your hearts, and tomorrow at 8:45 we'll be there. Paulão, thank you, professor. Brilliant context.
Very good. Thanks, Gé, you're up.
Thanks, everyone. Good evening everyone.
Enjoy your time with your family, have some tea to help you sleep and relax, because tomorrow we're going to get our hands on some money from this market, okay? Thanks everyone, kisses and hugs. Until later.
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