Ep009 | Trader talk with @sailormancrypto

Added: 2026-06-03

[00:00:01][music] [music] [music] Hey, [music] hey, hey.

[00:00:26]>> [music] [music] [music] >> Hey, hey, hey.

[00:00:49][music] Hey, >> [music] [music] [music] [music] >> hey, hey.

[00:01:19]Up.

[00:01:22][music] [music] Up.

[00:01:32][music] [music] up.

[00:01:42][music] [music] [music] >> [music] [music] >> Yo yo guys, how we doing?

[00:02:20]Here we are. How's it going? Let me know if you can hear me. Okay, I've got this up on X and I've got it up on YouTube.

[00:02:27]So hopefully the chat is sorted. If you're around for my other live streams, I still can't get this chat widget sorted, which is quite frustrating. Um, but tonight I have a guest, which is Sailor Man Crypto, Popeye, who I'm really excited to talk uh talk with because he's someone I've been seeing on the timeline a lot and making a lot of transparent trades. Good mostly, which is really good to see. Um, also very strong work ethic and what he's doing.

[00:02:56]So, we're going to be talking about that a little bit tonight. and um just excited to uh meet new traders. So, basically, for anyone who's new to this, um I set these this series up every week to do a um to do a stream with some some new traders that I haven't spoken to before. Uh mostly to understand where they come from, uh and their lifestyle and their background and look into more of the trader lifestyle and mindset approach to trading rather than just like the technical side of it. And I know Popeye's a big proponent of that.

[00:03:28]So I'm looking forward to this chat. So um I'm going to un mute you now, bro, and bring you in. Thanks for coming on.

[00:03:34]Really appreciate it.

[00:03:36]>> Hey M. Thank you for for having me.

[00:03:39]Really, really honored.

[00:03:41]>> Cool. So I think we're going to just dive straight into it. So what we're going to do is um basically I'm going to get this to share your screen and I want to know essentially how you trade and how you're looking at the market. I know you look at price action and stuff. Um, but yeah, this is going to be the first chapter is just to teach me your trading style and I'm going to move it onto your screen now and yeah, let it take you away. So whether you're um basically looking at whatever charts and your method and uh any trades you want to show but yeah like how you look at the market um from you know opening the chart to executing a trade what you're looking at um and how you do it basically.

[00:04:29]>> Yeah. Uh not sure they can see my chart, but um >> I say I I'm I consider myself a super [ __ ] trader. So I use a very I believe a very [ __ ] uh system. And usually when I open a chart, it looks like this. I mean, it's just a naked chart and I try to grasp what the the pure price action is telling me. I don't use too much fancy stuff. I really try to to stick to the basic and I try to always to to get a story from the price action. So I'm I use technicals but always uh try to give some logic some storytelling behind what the price is doing. Uh luckily enough I did this flowchart today for one of my educational post. I do a lot of educational content. So more or less these are the seven step I usually try to to cover let's say when uh when I have to judge a chart and then to decide if I have to uh to take a trade the first very first concept I use is the market phase then we can speak about we can speak about many other things but really I I try to think to use things not in a dogmatic approach really just to have a a grasp of what is going. So are we in a distribution? Are we in accumulation? Are we an expansion? So very simply put, I strongly believe that market can do three things uptrend, downtrend and uh go sideways. So the first part is what the market is doing and where it's coming from. So maybe just very simply put uh probably here Bitcoin was accumulating once it it broke the accumulation it started to expand and here probably started to distribute and potentially if this was truly a distribution we will have then an expansion lower. So really trying to understand the super very basic uh concept of what the price is doing, what has been doing before reaching the phase we are and what is potentially the next phase with the very simple concept of uptrend, downtrend and ranges or to be more technical distribution, accumulation and expansion. The second and the third part are again super very [ __ ] is what the high time frame trend is telling me. So if we have to look at Bitcoin potentially clearly we are coming from a downtrend. So whatever phase we are we have to keep in mind that we are still in a downtrend and what the low time frame low time frame price action is telling us. So this was potentially an uptrend in a bigger downtrend and now potentially this uptrend has stopped and we are starting to downtrend. So if I have to sum up these three uh phases on Bitcoin once again potentially we had an accumulation there was an expansion potentially here we started to distribute is coming lower where it is happening it is happening on a high time frame downtrend and is happening on a low time frame uptrend that has been broken and potentially is moving lower. So super straightforward um way of trying to form a bias. Then once again I double check ranges also low time frame. So once again in the case of Bitcoin uh when I see that all the three before started to give me a bias then if I see that ranges instead of breaking up as they were doing here instead of breaking up as they were doing here started to break down as it happened here and this potentially happening now I have a fourth let's say layer on my reasoning where I see that ranges are uh also telling a story if the market is potentially accumulating or accumulating or distributing and redistributing.

[00:08:37]The fifth part is peak level. So until now I just try to form a bias, try to form a story, try to have a storytelling of what was happening. Now I'm starting to develop interest. So [snorts] if in the interest I develop on this four first layer is to go short to go long I try to understand where I want to go long where I want to go short so liquidity supply demand support resistant range high range low I mean super simple concept but I have rules let's say where there are levels where I do business and where are levels where I simply do not um do business. Once we reach this level and I develop some interest on charts on specific pairs, whatever is crypto, stocks or whatever else, then I pull up just at the very end some indicator. I mainly use RSI, mainly use RSI, the very simple and standard standard RSI mainly for some confluence on momentum. I do not really use RSI uh for overbought or oversold but but I mainly use for diverency. So if I see price reaching one of my level of interest and I see a clear uh divergence on RSI then I know that there is some further confluence for the tases that I've been trying to um develop so far. The last part and I think is the most important and the one that many uh traders or new traders skip is that I simply double check if I have in my arsenal a strategy a proven strategy an edge we can call it in many way where I can uh that I can use on that specific situation on that specific concept so many time I've been asked what do you think about this chart what do you think about that chart so my answer is looks interesting but I do not have any tools in my arsenal to trade it. So I do have some specific um edge strategies or trade setup that are mainly a few for ranges and a few for trends that allow me to execute the market phase, the trends, the ranges, the levels, the indicator confluence uh in certain situation.

[00:10:58]There are many other situation where I can tell you I think the price is going up. I think the price is going down but I don't have in my arsenal in my personal arsenal a strategy to trade that specific uh trade. So once I follow this sevenst step let's say um logic top to down if everything match and if I have a strategy and if I have a trigger then I take a trade. But to be super simple and straightforward um the concept let's say behind all my trading is really super simple and this from the concept that the market can do three things go up go down and go sideways according to what is doing I try to find levels of confluence of where and how I I want to trade let's say to to keep it short one of the most let's say uh signature setup that I have is the um the I call it the tree top. I copied from rec proof but is I think in ICT they call it the power of three or accumulation, manipulation, deviation.

[00:12:10]You know I think that TA is a huge mountain of vanity and fancy name to call at the end the same uh same stuff.

[00:12:19]But this is a trade that I took today publicly on um on X. And this is let's say one of the trade that I took the most is simply where a range is formed.

[00:12:29]So we have a sort of accumulation phase.

[00:12:32]We have a deviation. This is what is a stellar um XLM. uh we have a deviation then for my standard I need to see a market structure break back inside the range and then I try to long a test of range low value area low once again we can call it many times is basically a support level I try to to long a test of that area with an invalidation on the swing swing low uh before the retest and then I try to trade it back to mid-range and potentially to uh range Right? This let's say was a very lucky execution today. Uh but it's really a textbook. I think ICT will show you something like this that is the the power of three. So you have an accumulation, you have a manipulation and then you have the famous expansion.

[00:13:23]I think you can find this concept on week off from uh the beginning of the century. You can find it on ICT. You can find it again once again recruit I think it call it the the treat. So you have let's say a tap on support, a second tap here below and a third tap here. So this is was a multiple test. So but but the concept is always the same. Let's say that the technical guy I learn it is proof that is basically telling you a range sorry a range form. So you have a first tap then a range again then you have the second tap that is the deviation coming back again back in the range second third tap is your entry and then price go higher um to me is not important the the terminology is not important the dogmatic dogmatic approach is important the concept and the concept behind this um this setup is that potentially this range has been forming over At the time many traders have been put their position that looks something like this price was unable to break above this range. And why this setup is powerful or is let's say give confluence because when this manipulation happen two major things are uh happening from a technical point of view. The first one is the the stop-loss of these guys is the liquidity that market maker whales institution the boogeyman call it whatever you want needs to fuel their bigger order. So thanks to these people being stopped out big order um few um triggered here and the second point that many time people don't understand is the fact that this guy have some sort of taking profit somewhere um along the line here. So removing their stop loss is also removing a resistance. So why these moves are usually very explosive?

[00:15:31]Because liquidity is taken thanks to all this stop loss that has been triggered.

[00:15:36]But also the following move is usually very strong. Why? Because we also remove resistance because they're taking profit what is simply a market sell order. So you activate to powerful let's say mechanism in the price. Then is what I was telling at the beginning for me is important. The story is important. The logic is important. What happening is not important. the name of how we want to call all of this. Uh so that's why I think traders should always understand why strategy, why technicals, what they have behind the names, behind of the terminology or behind the domatic approach. So I like to trade this because for me it's very clear what is happening in term of market dynamics.

[00:16:23]People are stopped out, they give liquidity for big orders. Once they're stopped out, they're also taking profit order are cancelled by the on the book and they remove resistance level that potentially allow the price then to move explosively to the other direction. I do have other um strategy but let's say this is really my my signature uh trade and I take many of these let's say over the years and and I really like it once again because I really master the the idea that is behind this concept. I do not master the technicals behind behind this con this trade, but I I master the logic, the reasoning, the the the dynamics that happen on the on the order book when this kind of trade um play out. And I think today there was for sure some decent part of luck, but the market was basically red. I long the um XLM uh super publicly before opening the trade at this level and then you see what happened. Despite what Bitcoin was doing was a very fat 10% candle higher.

[00:17:37]Not saying it's working all the time.

[00:17:39]It's just a strategy. It has let's say a percentage of win rate according to the [snorts] um the understanding of the the trader that he use it. But once again, I think it's a pretty reliable strategy. I like it a lot and I trade it uh everywhere in all kind of market. I think I long at Tesla with the same uh very similar um idea and was I think this range here where [clears throat] we had the more or less the same exact schematics.

[00:18:13]Uh so once again potentially a range forming range is breaking down market structure break retest and then move up.

[00:18:21]Then we can spice it up with the Fibonacci retracement. We can spice it up with demand with the fixed range volume profile many other things but once again those are secondary to the understanding of the concept behind this behind the strategy.

[00:18:39]>> Could you go back to the other chart?

[00:18:41]Um, all of what you've just said I've got like a million questions about. Um, but the first one, this one, yeah, just just a very technical one. Where your entry is down there, um, at the range low on the far right trade.

[00:18:55]>> Um, if when it had tagged you in, it had collapsed through and taken your stop loss, would you then have taken a trade the other way or would you have just like moved on from that trade?

[00:19:05]>> Uh, no. This this I think is one of the question I get many time. Uh, no.

[00:19:09]because of my my arsenal. uh so um as as I was saying about the the very simple uh concept market can do three things no uptrend down trend range and range can do two things keep ranging and breaking out I I think it's very important to understand what what market can do because you don't have really millions of option no in a range range can do two things keep ranging or at a certain time breaking out and going or a certain time breaking out here where it can break two direction. You don't have a medium direction. So either it range forever or once it range it can range it can break above or you can break below. Again very simple it's always a 50/50. You don't have million option to complicate your life. So I have a strategy to continue to trade the range. I don't have many strategy to trade a range breakout. So I'm a very bad uh breakout uh trader. So your question is should I've been breaken uh taken out here would I take the trade yes and not let's say uh I did take some trade I think on sort of range breakout I traded on but were a little bit different trade not exactly the same but I was longing on on this breakout I was longing in on this breakout out uh here but is a little bit difference on this specific case no potentially no uh once again because I'm a good range range trader but I'm not a very good breakout trader so should I have been stopped out here the assumption would have been the range is broken and um you would need to enter let's say somewhere here and then um play the breakdown in this case of the range I [snorts] do it sometime but not as often and as trading the the range itself.

[00:21:13]>> Yeah, that's how we differ because I'm more of a range breakout trader. Um I'm going to show you my screen and then I've got a few questions to ask based on uh what you've been covering there. Um just to essentially show you the similarities in how we trade. So here this is um Salana on M15 which I think is a really nice um chart to trade. Uh but I typically look at supply and demand and I would just mark this as you know that would be the whole demand. Um but I agree with what you were saying you know about it doesn't matter what it's called really. Um which is why I kind of default to ranges. Um but at the break of this big low here we then have um another supply zone which sort of covers this area here.

[00:22:02]So my style is where I would look for us to be in a downtrend like so. And then I'd be looking for when price is down here a retrace to this point which is that supply zone. And then I wait simply for price to range at that point in which case it does. And I want to see it with my downtrend bias in mind. I want to see the range break out to the to the downside a few times. Um, but be wary of the deviation cuz I mean I can see here this is what you would have done and gone along to the other side of the range. Um, and then I'd wait for it to look it fails at the highs and then it drops with strength to the downside. But I would only take that as a signal. I wouldn't take that as an entry trigger.

[00:22:48]And then for this exact reason basically cuz I always expect the range to get retested and then once it breaks out of the range again that candle would be my entry and I want to make sure I'm looking for these ranges um at sort of key areas like so. Um but yeah that's essentially how I trade. But um a few things >> but I I think I can see one of my range deviation there. I think it's just different how we we select the range.

[00:23:20]>> Yeah. Yeah. Um different. Yeah. In definitely in terms of the way it's drawn and time frames and stuff. Um one of the one of the things that I have always said and learned many many years ago, I've been trading since 2015. Um and I learned the concept quite early on from um a website called readthemarket.com. And it was very much just a rehash of supply and demand with a lot more nuances. And it was um when you open the chart, the first question you should ask yourself is where are we coming from and where are we going to?

[00:23:56]And usually that would be, you know, we're in a downtrend. We're coming from supply and we now need to look for the next area of liquidity which is demand.

[00:24:04]And that's where it's going to trend down to. Um, and I haven't heard many people kind of talk the way that you talk with relation to price action, which is very refreshing because it's a similar outlook I have where you're reading the story of the price action.

[00:24:21]It has information to tell you and essentially you can get all that you need from the chart, just a pure naked chart. Um, so where did you learn from?

[00:24:31]And clearly whatever you've learned, whether it was like from a website or a YouTube series or whatever, clearly you've you've made a lot of sort of nuance and you've stripped out all of the subjective language and you're just cutting it down to exactly what it is.

[00:24:46]Price is expanding, then it ranges and then it deviates out of the range and it moves back to the other side of the range in that kind of sort of behavior.

[00:24:54]Um so where did you learn from and like when did you start you know tweaking things to to go in your own direction with it?

[00:25:03]>> You know I get this question many time and I think as everybody in in trading I spent like two years so so deep in the the rabbit hole that um I I don't even remember where I where I got everything.

[00:25:18]the the reference I give to every everyone let's say that my my mentor was a trader Mercury uh probably you know him um so I've been in his discord for a pretty long time he used let's say I use moving average I took it from him but then let's say I developed my own system but he gave me a lot of market psychology so I thanks him for um for really the approach to the market generally not in technical terms I learn ranges from uh Rect Proof. I learn a lot of liquidity about uh about liquidity from um trader chase. Um I learn a lot about ranges and again deviation this kind of stuff from trader um and I think it's pretty much it. Then I read a few book about trading especially about u auction theory and week off. I I was in in a period let's say of my trading very deep on week off.

[00:26:19]I think that is help me a lot on on understanding the the market let's say uh phases and uh and dynamics but mainly following uh good traders on on X and then really trying to put a lot of works uh myself on it. Um I I think there is there is a concept also from what you were saying no where we are coming from where we are going that is often a little bit not uh overlooked a little bit and is the concept of proportionality um so it's not just it was a range breakout there is an uptrend I think it needs also to to give a a proportional I don't know how to say in English a proportional reading of what is happening So if Bitcoin is breaking from a one week long range is not the same if Bitcoin is breaking from a two months or 3 months long range.

[00:27:16]>> [snorts] >> So I try to give this this sort of um proportionality like when Bitcoin broke finally from 73 74K I longed a few time as I told you I'm not really a breakout trader but I managed to get a few long there where I saw many people were keep shorting it no because they still have some let's say bare market or whatever because to me the proportionality was very important at that moment. So, Bitcoin I think was ranging from early February until mid of April. So, once I shorted that range by time, but when finally that range broke out to me was logic that we would get a decent expansion. So, decent means both in terms of time and distance. So, to me was not appealing at all to short for the very first three four weeks after that breakout. And in fact, we broke out in mid of April and we went up until mid of May. So at least one month. So I think also this is a concept that is often overlooked. So it's not just we come from an uptrend, we come from a range, we come from a downtrend is also how long we have been doing what we were doing and when things are change give it a proportional uh effect. Let's say so if we have been ranging for a certain number of weeks I expect actually I don't expect anything from the market but I can see a proportional expansion following because market has been accumulating or distributing for for a certain time. So these I think are concept that nobody taught me but are very logical. Uh I mean if if you really try to to think about is normal. I mean uh if you compress something for a very long time you know that when it will explode it will explode more than if you have compressed it much less. Uh it's really simple stuff, but uh I I think I'm a logical person, but I also like to keep things very simple. I don't like to complicate my life. I'm not, let's say, super young. I'm 45, 46 years old. So I reach a level of my life where I want to keeping thing my life simple. So I don't like to complicate things. And by keep keeping things simple, you go back really to the very simple but at the end more important things and is the logic behind what is happening on the market. Yeah, that's what um resonated most with me is that um I like to keep things simple as well and I think a lot of people over complicate trading because um as traders we're naturally a little bit more high IQ and therefore we kind of gravitate to um like smarter sounding things and we want to we want to sound smart as well.

[00:30:15]We want to we want to think that you have to have multiple different pieces of information and like layers upon layers of information that create this system when you know it's like that bell curve meme where the left curve and the right part of the curve are the same where it's just it's going up I'm going to buy it or it's going down I'm going to sell it. And um I keep it very simple as well where it's it is just it's going sideways and it's going to break out either to the upside or the downside.

[00:30:44]And if we're in a downtrend, I'm going to chase the breakout to the downside.

[00:30:48]And if we're in an uptrend, I'm going to chase the breakout to the upside. So I like to keep it pretty simple as well.

[00:30:54]Um so yeah, it's really interesting to hear you say all that. And is was that something you've always had with trading like since the beginning or did you have to go through periods where you did try to over complicate it and looked in the wrong places?

[00:31:09]>> Yeah. Yeah. I think I I have to and I think it might resonate with many traders. uh I had the the strategy hoping phase where I was really very deep on the rabbit hole and I was buying many things and studying many many things and uh never finding an end or never I was never seeing the light of the tunnel. So every chapter I closed there was a new chapter to open to to study new things and the second one was really to to complicate it a lot.

[00:31:44]always to look for further confluence further confluence further confluence and I think that is the the phase where you don't accept the the fact that we are operating in an environment of probability so it's the moment I think when you over um when [clears throat] you overload with complicate things is the moment that you want to be certain maybe you took a lot of loss and you are very red on your portfolio so you want to add a lot of staff to make sure that you are certain about what you're doing and until you understand that you simply have to let it go. I mean is always uncertain you can add a million indicator but you will never have any certainty. So then from there you understand that we start to remove excessive stuff remove until you have to find a a sweet spot I think of the right number of confluence but still something that you can action uh you something that is actionable in the in the daily let's say life of of a trader and then you start to remove a little bit but I think a big step and I think this can resonate with any trader is the fact that at at a certain moment you have to let it go. You have to understand that it's a game of probability. So you you'll never be right most of the time. Uh I still hate to lose. I still ate to to take a stop loss. It's something that is still have a big impact on me. But I learn to live with it and I learn to to click buttons to keep to to keep buying and selling uh and to to live with the consequence of conse consequence of working in an environment that is full of uncertainty and uh and just just trying to balance probability. Something that I find myself saying usually is I can f I can find so many bullish argument and I can find so many bearish argument for this chart. So once I match the the the arguments I will find I can find for one or the others. I see if they are 50/50 I don't take the trade. But if I can find more argument for a bearish bias probably I go short. I will always find some bullish argument in any chart. No, I will always find an argument against my original thesis. But I know I mean I know that I will never be 100% sure that the price is going on direction. But when I have more argument on one direction then I know that uh if those argument are strong enough I will take it. Even if I know that there are some argument against my my trade uh then market will decide what is right or wrong or which argument was right or wrong. It's I'm never wrong. I'm just uh I'm just trying and then the market will tell me what what's wrong and what's right. [snorts] >> I like that. I like that. Um I'm going to move on to the next section now.

[00:34:54]Otherwise, uh we're going to be here forever. I'm really enjoying this. Um the second chapter I have called um trader lifestyle and background. So I want to touch up on a little bit more of your background in trading and how you got started. Um first of all really like how long have you been trading for and um what first got you into it?

[00:35:18]Uh so I've been telling I think since 2020 2019 probably but more seriously 2020 2021 so not really long um long time.

[00:35:30]My background it was completely different. I was a humanitarian worker.

[00:35:34]So I work in many conflict zone for around 15 years. Uh so like Afghanistan, Iraq, Yemen, Syria these kind of places.

[00:35:43]So I took a sabatic and uh I bought with my girlfriend the sailboat and we started to sail. Uh so I had a lot of free time and I started to learn um to enjoy trading. I was coming from a very adrenaline job let's say. Uh so I think trading was a good u u a good way to balance let's say my previous life with still something that was uh let's say less less risky in terms of uh physical or uh or danger real danger but still very very challenging so I like to to have challenge in in my life I always have very very big challenge so this was a very big challenge so I have a background in economics. So it was a little bit helping for for me. Uh but I I started as everybody. So I think I bought some dodge or some [ __ ] mecoin. [laughter] It went up and then it went down and uh I think that that bull market I saw a lot of pro profit vanish and I say look [ __ ] it. Let's let's give this [ __ ] a try and um let's try to to learn these things. And then I started to to learn it a lot and to to really go very deep. I if something is uh is giving me passion I I really go very very deep on it and uh it happened with with trading. Uh so I think I I've been three four years trying a lot of things and then profitable I think since two years more or less. Uh and [laughter] I mean I I really like freedom. I don't care about Rolex. I don't care about lambos. I really like to to be free. So we spend with my girlfriend around five, six months a year on our sailboat sailing on the Mediterranean. And we like to be off grid. We like to be really far away from uh from from everything else. Uh so I think trading is giving me this this chance is really not about the money but is about the the freedom that I can have to uh to enjoy life. I I really don't need much to to be happy.

[00:37:55]So it's uh uh to have a decent life is all what I look and and the freedom to to do what I want whenever I want. Then at the end, you know, you like it so much that you spend so much time maybe sometime in front of the laptop instead of maybe taking a swim on a on a desert beach. But uh but still, I know I can do it when I want.

[00:38:16]>> Enjoyed time isn't wasted time though, right? So >> yeah, >> you may Yeah, it may not be totally freedom, but if you're sat there enjoying it, then it's kind of freedom in a way. Um, what did you do in the military then? What did you uh did you see?

[00:38:30]>> No, no, I was not in the No, no, I was not even in the military. I was humanitarian operator.

[00:38:37]>> Oh, humanitarian. I thought you said military and I was like, "Oh, damn."

[00:38:40][laughter] >> No, no, no.

[00:38:41]>> So, what did that involve?

[00:38:42]>> No, no. I was uh I I was mainly directing a hospital for war surgery.

[00:38:50]>> Ah okay. Interesting. So you >> So I was take setting up >> Yeah. was working for several NOS's and I was mainly in charge of setting up running surgical center more for the administrative and logistical part mainly for for surgery.

[00:39:12]So pretty like high stakes environment as it was really.

[00:39:17]>> Yeah.

[00:39:17]>> Yeah. Yeah. Yeah. Yeah.

[00:39:19]>> Did that help you with your training do you think?

[00:39:23]>> Uh I think so. I think everything helps in life. So let's say I I was pretty successful in my my career. So I started very young and I at the end I was let's say managing very big project with a lot of stuff and a lot of things. So I was used to to stressful environment. I was using used to be very calm in situation.

[00:39:44]I mean I was usually in charge so I had to to be calm to reassure everybody. I was uh let's say I developed some cold blood. I developed some empathy.

[00:39:56]The maximum I had I think I had 1,400 staff under me. So it was uh let's say not easy but very challenging. It I grow a lot. I uh it helped me a lot in many many many things I think trading and and life it's uh you know then then you see a lot of a lot of bad things also this happen you to to think more on know what is important what is not important what uh not to be a piece of [ __ ] I mean life is very short when you see a lot of people dying so you understand that it's better not to be an assho because our day are counted so when you see a lot of people dying you you you give more more more uh value to life, I think.

[00:40:39]>> Yeah. I mean, I've had personal experiences with that and it definitely makes you look at the world differently and put things into perspective when you know you like you're stressing over something very small. Um, I think one of the things with trading, um, and something I've particularly suffered with, um, and I know many other people do is, um, a lack of self-belief. And that normally comes from the background that you have. And I think as as training has become more accessible to people, younger guys have been able to get in and not haven't really had that sort of like um battleground that they've had to go through uh in life just yet. And it can lead to confidence issues with with trading. But I guess like having a pretty high stakes job has, like you said, gave you a bit more of colder blood and be able to be a little bit more ruthless. Yeah, for me was let's say the other way around because I I had a pretty successful career. So I the market humbling me was something uh not easy to to take it. Uh so I mean I I've never been an arrogant person or I never been let's say I always been fairly humble. Uh but but you know I think I never been humble like like by the market. So once again you know I I think this is one of the biggest difference on trading and another professional I think I I was reading also in several books even a a very high let's say doctor or lawyer or whatever they they they are not losing so often no uh I mean they might make mistake or stuff like this but but trading is really teaching you to lose and u I I was not losing so much my job let's say uh but because it's different no most of the job they is mainly based on certainties no if if you have to look at a surgeon I mean maybe sometimes he can make mistake but he's doing procedure that usually works 99% of the time no otherwise they would not put be patient on a bed to be operated so yes there is a small percentage of failure but it's very small while In trading the percentage of failure is very high. I mean it can be 30 40 50 60 70%. So it's it's really a profession that that teach you to to lose much more than than any other profession.

[00:43:17]>> Have you read um best loser wins by Tom Hugo?

[00:43:20]>> Yeah. Yeah. Yeah. Sure. Sure. I think is that now that that explain that many um professional or successful professional that comes into trading they they believe that because they were good at their profession they will go also be good at trading but u I think I I cannot see any other profession that uh force you to lose so much [snorts] and you will always lose uh I mean a surgeon or whatever a lawyer I think the more they go on in their career the the less mistake they do. For a trader is true until a certain point. I mean you will always do mistake, the market will always humble you. It is an ever learning uh curve. So for sure you improve, for sure you get better, but still you will lose, still you will make mistakes, still you will uh you will be humble. So I I I think I I can't find any any other profession where uh losing as such a big part of the of of the game and uh it's never ending. You will always lose. You will always be humble and and you should be super okay with it. So is a super good book and uh I think it's it's very important to to understand it. As long as you don't understand that you have to lose, you you never win.

[00:44:42]Yeah, for sure. Um, I think uh the the the more you're able to just accept it as as like acquiring data and then moving on is is a really key sort of mental switch. Um, so you started trading about five six years ago. So you quit you you finished your career and then you were on a sailboat and then you picked up trading. Is that right? or you know, were you on the mainland? What was the case?

[00:45:11]>> Yeah. No, usually I I stay 6 months on the sailboat. Winter is too cold for for my Mediterranean blood.

[00:45:19][laughter] >> So, yeah. Yeah, it was at at the very beginning I was still working sometimes.

[00:45:25]I was still doing some mission in the winter. So, I was sail sailing in the summer and still doing some mission in the winter. Then it become full-time.

[00:45:34]So when you like were going down these rabbit holes and deep dives into trading, what did your what did your life look like at that point? Like how were you balancing things? Cuz I imagine obviously it takes a fair period of time to experiment so much, but um like what was your day-to-day life looking like [snorts] during that period?

[00:45:55]I was I think in thousand discord and the telegram channels and uh chatting a lot and searching and studying and looking for uh strategies books uh really was hours and hours a day on studying and sharing.

[00:46:13]I've been very active from the very beginning. I think I was in a chat of Nebraska Gunnar. He has like a open educational chat years ago. Uh uh and then I met a lot of friends that are still trading and we are still in touch.

[00:46:29]I mean I think we were hundreds of trader there but probably an endful of us still still around. Uh and it was nice. I mean we were sharing chart we were sharing a lot of stuff ideas and things and trying [snorts] testing. It's like you are in a lab no and you are trying to to test something. is like you are uh trying to to mix poisons and chemicals and see what what's working, what doesn't uh doesn't work. Um and sometimes I I found my I find my my charts from back in the day and it's very funny to see it what but but I I mean I was very dedicated. I was writing a lot of stuff on my chart. So a lot of notes um I have a lot of notebooks and uh it was very nice very frustrating but uh you know it's that part of the I think is that part of the engagement where uh you you you are still losing money but for me it was nice I mean it was it was really I I was in love so that the negative part was not so so heavy.

[00:47:38]I lost I lost I lost some money for sure but uh but still I don't know why but I think I always had some somewhere in the back of my mind that I would make it.

[00:47:51]This is something that uh I I think I never really dubbed it to be to be super honest. I mean u I know it was tough but even when I had no I don't know how to say it in even when I had no concrete proof that I would ever make it because I was really bad at it somehow in the back of my mind it was just just a part I think I I felt it that that if I keep going I would make it I would learn it not make it I mean it's not a matter of make it I would learn it I would find a way to do it in a peaceful way [snorts] that once again is not about money is doing it in a way that that you feel satisfied and now I feel I do it in a way that I'm satisfied that is the the point is is again is not about the P& is it's really about feeling in tune with the market that is the the beautiful things of it >> yeah I think >> sometimes sometime sometimes thought for sure but you know >> and if you really I mean well it carries you forward right >> like that feeling where >> you know it's it's not that no I I think it sound arrogant it's not that I knew I would make it I never doubt it I don't know how to say it it's say I mean I like it to do it so I love it to do it so I keep doing it because uh I love it so much that that that to me there was no alternative than keep Yeah, I the exact same thing. Yeah, it's it's it's something that you just kind of have to build within yourself and I think once you start building small reference points the way you kind of build a little bit of confidence, it keeps you going. Um so >> yeah, that that part that no I read it many times no so I never thought it would happen to me but at a certain time I think everything start to click.

[00:49:54]It's really happening. I mean it's I feel it now. I don't know why I know how to trade it now. If you ask me where did you learn it? I mean it was so much information that I can tell you more or less but I don't know where I learned it. I mean I learned it in a million place or probably I learned it in one place that is inside me. I don't know. I mean is everywhere and nowhere I learn it but I know that it click one day it click. Now is clicking some days now is clicking. I mean everything. I open a chart and I do my stuff and it click and I think I know where the market is going or I no I know where the market is going. I know how I want to play it and I'm okay even if I'm wrong because I mean it makes sense to play it like this.

[00:50:42]>> Yeah. Yeah. it. I think just accepting it is it just you get to a point, don't you, where it's like, oh, I can I know how to get the money out of it and it doesn't always work and that's fine because I trust that I can get that money back. I think that's a really sort of like core belief that people can build somewhere along the journey anyway.

[00:51:01]>> Yeah.

[00:51:03]>> Um, [clears throat] so you're you're just sort of like daily routine at the moment. What does it look like? Cuz when I I see your posts, I'm like, how are you how are you sailing a boat and trading and like staying on top of your Discord and your subscriptions and you're posting content on social media?

[00:51:21]It feels like you're doing a lot like what is your kind of you wake up in the morning and you know what does your day like usually look like?

[00:51:29]Yeah, I think this is again it's something that it melted by itself but um you know to have like a public account and to have subscribers this kind of stuff I think it melted all together. No, so I think what I was doing for myself now is become something that I do for others but still is benefiting me. So I know that on Monday I have to send a market update for my subscriber for example and uh I have to record a market weather bulletin is the Monday update I do on YouTube for for everyone but this is something I was doing anyhow on Monday. So you know I know that Monday I have to check the market make a plan and uh see what's what I want to do for the coming week.

[00:52:18]So instead of doing only for me, I do it for for my audience. Let's say some is free, some is not free. But um so it's it's really a regular uh regular way. So on Sunday I do my journal and again I do it publicly but I would do it for for myself as well. I have a rules if I don't finish my journal on Sunday I don't trade on Monday. Uh so this is a very strict u something very I like to give small um tips something that change a lot on my trading and especially on my journaling is that I focus a lot on my weekly schedule. So when [snorts] I was doing everything on a monthly basis it was really bad. So it was a lot of job to do and you know I didn't remember everything about the month uh and I was not able really to set I mean I was setting a goal for the month but I was getting lost after 5 days when I move everything to a much more uh weekly cadence uh everything started to to work much much better for me so when I do my journal on on Sunday I still remember a lot of things I have less trade to journal so it's much easier And then I commit to something improvement I want to do to the next week and it's just seven days. So I commit on Sunday and the commitment are stronger and more present no on my life. So [snorts] uh then on Monday I do on Sunday I also try to make a watch list of what I'm interested. I use a lot of alarms on my trading view. Uh and then Monday I start to to get into the business. So I make update myself. if I update my my audience and then during the week I try to to keep u balancing everything I managing trade opening and closing trade and uh frankly I have a lot of free time from trading so I like to do a lot of educational content so I really like to to do a lot of uh educational content because I like to help other trader but to be super selfish it helps me a lot I really saw that the more I write about my strategy, the more I write write about my concept about my psychology, the more I write about anything related to trading, the more I master this concept, the more I reflect on this concept on this concept, the more I digest this concept much much deeply inside me. So maybe in the past I wrote something in my notebook about some of this concept. But when you have to write it for an audience, then you really level up. So when you have to think about your strategy that you need to explain it to someone else, you really level up because then people ask you sorry you say your strategy is ABC but what if D, what if X? So then you really start to know brainstorm yourself but also brainstorming with with other people that is making question and then your strategist really start to layer up layer up layer up and become much uh much better. So I I really started to do it for other reason but I really see that the more I do for others the more I improve myself. So it's really becoming um a positive chain. Um and also it helps me to avoid doing stupid things on the on the market because you know there is a lot of uh moment where is really better you don't touch anything. So I focus on something else. I produce content. I produce educational content.

[00:55:50]I answer to people. I try to help other trader. I um I explain better. I uh for example, I I try to schedule my YouTube in a logical way also for me. You know, I have a series that is the market weather bulletin that is the plan for BTC and the trade I would take on BTC uh every Monday and is really trade based.

[00:56:13]It's not squiggle. It's not a thousand scenario, but it's really the trade I want to take that week. Um then I have another series that is the learn and trade. I think it's 50 60 hours of educational content on on YouTube at this time where I explain about all my strategy theory indicators whatever you have I try to put it and it's developing on the years and then I have a third series that is called the good, the bad and the ugly where I pick three trades of the past week one good one bad and one ugly and I do a review of these of these trades. So this is really something I do for my audience, but it's so helpful for me too. It's really helping me to to improve and to to become better. So I'm really glad that I choose this path to to do it publicly.

[00:57:01]>> Yeah, it it it seems like from where I'm sitting that you're enjoying it as well, which is always a big help. Um, and that will kind of segue into our third chapter actually, which is about maintaining the work ethic. Um, and maintaining your your own mindset as well, right? Because the thing with trading is you need to be able to stay at a consistent mindset and be able to manage your emotions consistently as well, which is the main thing. And I found when I I'm sort of moving back to swing trading now, but I found as a day trader that my performance was always related to the consistency of my daily habits. So if I was doing things daily that I knew would benefit me, such as walking, going to do some exercise, meditating, journaling, that kind of thing, um it kept me on top of my game.

[00:57:55]So, with all of this stuff that you're doing, like how do you maintain your mindset? How do you maintain this work ethic? Because it kind of feels like a lot from where I'm sitting and you know, with with the emotions of trading and the stress of trading and the I guess a little bit of stress of um doing stuff publicly, although maybe you've just kind of made peace with whatever happens happens. Like what do you do? Like are you going to the gym and stuff? Are you um you know like just is it a secondary part of your lifestyle maybe or have you got habits that you that you kind of stay on top of like what are you doing to you know keep yourself consistently performing at a high level from multiple different fields.

[00:58:38]>> I should definitely work out more. I mean I do some but uh I used to do more.

[00:58:42]So lately I travel a lot. That is is the problem because in summer I'm in the sailboat and in the winter we also have a van. So we we travel around Europe with a with a van. Uh so but let's say traveling I travel pretty a lot. So I saw many new place we visit place. So we are more or less always on on the move.

[00:59:05]Uh so this helps a little bit to be distracted and uh I think it it happened. I mean uh I think last week we we just moved back to the boat and it was not easy to keep everything up and I made some stupid decision in trading as well. So I think it's normal to have up and down in the life and in the in the trading. So my life is definitely not very st uh stationary very very fixed. So it happened that uh let's say I'm used to be a nomad but but still it have some some effect u about doing it public I think it is is a doubles word uh compromise because somehow to do things publicly it helps you to be more accountable to yourself and to the people that is watching you especially once you start to have decent audience.

[01:00:06]So it for sure help you to be let's say more careful on what you do, what you say and how you position yourself because there is other people watching you. But I think it's also very dangerous because your ego get much more involved. Uh and that is I think the very dangerous part. I based let's say mo most of my social presence on honesty. Uh, and this is something I I did from the super very beginning. And uh, I think I was very tired of seeing all the [ __ ] everybody see on uh, on Twitter, on city and this kind of stuff.

[01:00:44]And this was one of the main driver for me to to start to do everything public and to do it completely honestly. I mean, never deleting a post. And probably I speak much more about my loss than my win because it's really something that I believe should should be done. Um but there are moment where you ego get in the way. So maybe you win a lot and you do it publicly and for sure there is a is amplified. So also when you lose publicly for sure it amplifies. So it took sometimes to to keep your ego under under check on the positive and on the negative uh moment also the very difficult things to do publicly is to accept know that you are wrong. And I think this is I don't like to speak about others but let's say perhaps he has a stance you had a stance you had an opinion you had a view on the market and then the market is proving that it's going another direction so for sure it's in you have to swallow a little bit no to say it publicly guys I was wrong and the market is going another direction I think now I've learned to do it pretty pretty easily I always try to do it but there were moment that was not easy So perhaps you hold the position a bit too long and uh I think I make peace I made peace with a lot of these things and now I really cut my my losses short. I really cut my position quickly when they go against me and I have no problem I I say I have many many less problem saying when not [snorts] I was wrong but my view on the market was different that what the market decided to to do. But let's say if you want to do this and you want to do it public, you have to understand that there is a benefit of accountability but there is for sure a big big part of uh keeping your ego under under control because uh it's not just you and the mirror. I mean it's you and 20,000 people. So and you know people can be better. I think the first two years of my presence on X the most engaged post was a a stop loss I took on Bitcoin. So it was you understand when you lose is is people like like like it more than when when you win. So then then you understand that you don't give a [ __ ] at certain times and it's I'm very lucky. I really don't have eaters.

[01:03:09]I think I have one >> but I like him. I mean >> [laughter] >> And that just came from time, did it?

[01:03:18]Did you were you at a point with your trading um when you went public with it where you were very confident in what you were doing or was it just I'm I'm going to go for it like I'm just going to put it out there and whatever happens happens.

[01:03:34]>> Yeah, I think it was like this. I'm I'm I'm still surprised that that let's say my account grow as as it grow. I mean it's um it it was growing at the beginning even. I was not so good on trading but uh I' I've been super honest since the very very beginning. I mean I I really based my my account on transparency, honesty. I really wanted to do something different. Not not saying that I'm the only one doing it, but I I think it's still rare no to so I really wanted to make it transparent, honest, and uh I wanted to show the the up and the down. Um, and I think people like it and if I have to do it again, for sure I would do it the same way because it I attracted a lot of nice people. You know, when when you are a piece of [ __ ] you you end up be surrounded by piece of [ __ ] I think so.

[01:04:30]So I I think I mean people understand me and uh once you are honest, you are transparent, you say. I have no problem to say I don't know, I don't know what the market would do. I know yesterday I knew it. Today I don't know. Uh I don't know maybe tomorrow I'll know but I don't know. Uh so I think if if you are willing to show your weakness people will understand. Uh if you are always arrogant I think you'll be surrounded by arrogant people and what all of us will be wrong one day. I mean there is nobody that can have 100% win rate or will have a 100% right calls and whatever. So stay humble because for sure one day you'll be wrong. So what's the point on being an ass all the time you're right the day will come is is mathematics is not >> Yeah. And I think it's easy to be yourself right. It's easier just to tell the truth. Um, if you're trading and you're just showing it, you're going to have losses and you just, okay, you can you don't talk about every single one, but it's it's it's just easy. You don't you're not playing a character, are you?

[01:05:43]You just you're talking and I think more people resonate with that rather than, >> you know, living vicariously through the dude that's showing off lambos and the girls and stuff. People relate more to the real the real experience.

[01:05:56]>> I think the right people do. Then there's still people that like Lambos and Rolex. I have nothing against them.

[01:06:02]I mean, they they can enjoy it. It's not my cup of tea. But um look, I I I did it publicly for two years. I share every trade I took, every single trade I took and every week I share my journal. So I I mean I think it was really a next level uh transparency. Let's say it's really really everything everything. So it's it was my journal. let's say started to like my journal. So I say everything I do I do it. Yeah.

[01:06:34]>> Yeah. Very >> trader Mercury was encouraging me at the beginning to do it. So I I say okay let's do it. And and I think when I started to do publicly everything changed. So I I I took myself even more serious because uh you know even if I had few hundred followers for me it matter. So I started to do more more serious. It help it really helped me a lot to to do it publicly.

[01:07:00]And in that case, the difference with trading that I had never had the the the idea of of growing an account on the social and stuff like this that was completely comp complimentary and the growth that I had that is a full organic growth and whatever is came completely unexpected.

[01:07:24]Yeah, man. You can see the realness in it is why, you know, I'm really happy to have you on because I've thought about it for a while, but every time I see your tweets is always something really positive. You're always like um it's like a positive tone. You're working hard and it's all just raw truth. Like whether you've taken things wrong or not, you're just like, "Ah, it is what it is." And then I'll just move on to the next one. It's pretty cool to see.

[01:07:47]>> Yeah. Yeah. But let's say the the love and the appreciation and everything I received was was truly unexpected and I really feel blessed for for all that happened. Let's say there.

[01:08:00]>> Yeah. Just keep going man. Um this will go nicely to the next chapter actually just speaking about the realness of um what people appreciate hearing and the the vulnerabilities as a trader. Um, so chapter 4 is uh about battling through a dark period. Um, because I've noticed it as well and you know I try to keep my content as raw and honest as possible and as transparent as possible. Um, because it's just like I said it's the easiest thing to do, right? Um, so have you got anything you wanted to share in terms of like a really dark period that you've gone through uh with your trading and how you managed to pull yourself out of it? Just to kind of give a little bit of inspiration for anyone that may be going through the same thing. Uh, but also I'm kind of interested to see what what other traders have gone through myself.

[01:08:51]>> Uh, I think the the the darkest period is when you lower your guard. Uh and I think it happened to me the last time two years ago probably. Yeah. Uh I mean I think there is a moment where uh everything start to make sense and um you start to be profitable but still you lack that um it's not just discipline I think is routine. You know, so the the routine I mean you know what is discipline you know already what is you are at that stage where you know what is risk management you know what is discipline you know many things but still you don't have a discipline and a routine to keep everything under control. So you know what you should do but still you are not you have not organized you say your life your trading life to make sure that you are always protected. Um and usually in that moment where you lower your guard is the moment that the market is ready to to punish you very very bad. Uh and I think it was a moment where I had in the same moment several position open and several orders. Uh at that time I was using stinky bits stinky bits a lot.

[01:10:12]So I always have stinky bits. Uh and and I was good at it. I mean I was good at having stinky bits on the on the market.

[01:10:20]Uh it was like let's say a bull market but you know I always have stinky bits to to be filled on on liquidation event [snorts] and that liquidation was very big. So I was taken out from several open position and few of the stinky bits were also stopped out. So I knew it I should not do it. Uh I was not used to do it. Uh but I think that night I forgot before uh before going to bed to to double check no how much risk exposure I would have and all this stuff. Um and then I realized that that I have too much stuff ongoing. So I mean I was good at it but um but it was not possible to keep it under control. And [snorts] there was it was a very big loss and it was not just the big loss.

[01:11:07]It was the fact that I was profitable let's say from some time but still that big loss was um unexpected or something that I I was sure was not going to happen to me and then from that day I really understood that um I really had to work more on the routine on the it's not the pure risk management is is the fact that you always have to understand how much you are exposed and how you have to organize your life in in a way that you are always sure that whatever happened you cannot be art art so much as as it happened to me that time I think I lost 20% of my trading port portfolio so I was not wipe out but uh but my tolerance is like four or five% so it was four or five times uh that one and it was a big one I mean I know there is story of people completely wipe up but I mean if you are a trader and you lose 20% in a night it really takes a lot to to recover uh so it really it really created a big problem for me. I mean it's not financially but you know to recover from a minus 20 is not is not easy psychologically [snorts] and then also also technically. So there I [clears throat] understood after that that time I took a pause and I reframe a little bit uh more the routine let's say around around my trading it was not the concept that was not clear but was not clear or was I was not uh good at creating my life around trading and making sure that always I was uh I had the proper guard I had double guard and I had all the safety measure to to prevent the market to to hurt me too too much. I think now it cames to me naturally. I I know uh so I know that if I have to open more position, I have to move my stop loss at break even to others and so on. It comes more naturally. Uh but I think there is a moment where you understand how to trade, you learn how to trade, you become good at trading but [snorts] still you have vulnerabilities and market will always find those the vulnerabilities and certain times and will eat very hard on this uh on this vulnerability and and the moment it happen you will delay it you will cancel you will ruin 6 months of of of good working let's say. So that that was very shocking let's say for for me because uh I I knew I could trade and I knew I was trading properly but in one night I I deletated I don't know 3 4 months of of hard work and um and then I understood you know to to do this you really have to be professional to to do this you have really to be like a professional football player I mean it's not something you do like an amateur that okay I'm good I'm okay but still I have some weakness But who cares? It will be fine. No. Uh that that was a moment that they really understood that that it really need to be like a profession from A to Z from from everything because the soon you have a weak spot, you you lose and you lose badly and you will and you will cancel a lot of progress you have done in in very few minutes. So you really need to step up your game. You really need to be super super uh focused on everything we do.

[01:14:36]How long was that period for you to recover from when you hit that um big loss to break an evening?

[01:14:46]>> I don't remember. I took it took um I mean I I was in profit still. I mean again let's say my my portfolio was still in profit but uh but it took I think it took two three months to to go back to and to recover that that 20R.

[01:15:03]Do you remember what your mindset was like at the time? Was it kind of a defeated one or was it kind of like a defiant one where you were just >> No, it was it was very very dark. You know, because I I I was really trying a lot. I mean, it was not something reckless. I mean, I lost before. I lost probably much more at the beginning.

[01:15:25]But anyway, I lost because I was gambling at the beginning. So, it was normal, let's say, to to lose.

[01:15:30]>> [snorts] >> uh but that loss let's say even was proportionally smaller was uh arting more because I was already good I was already I was already giving up giving a lot to it but um but I was not professional I think I was not yet uh completely understanding the magnitude of the concentration of of focus of uh thinking a lot of a lot of many aspect to to put on it it's really like a professional sport, you have to prepare a lot. You you can't go on the on the pitch if you are not 100% sure that that everything in your team it's it's bulletproof because the market will always find a way to to penetrate your your vulnerability. So that that was the the the hard part to to accept and then to to work around and uh and then from there I think I started much more to to build on the routine on the weekly routine on the daily routine and to traded less. Uh I think in the past I was taking like 20 30 trades per weeks. I think now I take an average of three or four also for this reason because you know the more you trade you have the more difficulties to to control everything and to manage everything and the more exposed you have the more the easier becomes to to have vulnerability. So the less trade you have easier to to control at least for me I mean there is trader that can do 100 trade per week. But as I said in the beginning I'm [ __ ] So I need to need to keep it um under control. Uh but [snorts] but I think the the lesson and the the difficulties I have in that moment was uh to understand that good was not enough. I mean and uh [snorts] u average was not enough. I mean it was really to to give it a little bit more to to be more uh to think it again like like a professional sport 360° and everything and the preparation the execution and the protection and uh I think I always preach about this never never to to lower our guard because uh [clears throat] all the time I did the market found it um He found my naked spot and uh he beat me very badly there. But but I think it was good. No, I think it's it's always good if you if you learn from from the kind this kind of stuff and you start to to move forward. But it took some times. It it it helped me to to rethink about and to reorganize things much much more. I think that is the moment where I started to to move everything on the weekly weekly basis to keep everything under control and to keep everything more uh more in the present let's say more in the now.

[01:18:28]>> So was there like a specific routine that you hadn't done before that you were like right now I need to adopt this and like you said treat it more professionally treat it more seriously so you can get more serious results. Was there like a a particular thing that kind of you implemented to change? Do you or were you just >> Yeah, the what I what I was telling you about the the weekly. So now I know how much risk I have, how much risk I have to to increase to decrease uh what I have to move to break even if I have to open another position. Uh I use the break even a lot. Uh something that I was not doing before. Um so I know I'm a gambler so I know that sometime I like to if I see a a trade I like sometime to take it. Uh but now I know that if I have other trade open maybe they are a bit in profit. So I have take to take a decision. So if I'm already exposed 3 4% if I have to open a new trade I pick one that is already in profit I will move I make it simple just for the sake of I keep it short but I'll move one at break even. So I will risk another one. So I have a risk balance that I know I have to to follow. Uh and again this moves more or less on weekly basis. Then for sure it it follows on on daily basis or on hourly basis but but the frame the framework is is given on uh on the weekly.

[01:19:57]>> Okay. Yeah. I think that shows the importance really of >> you know mapping out exactly what you're doing and you know not just putting your finger in the air and going with it but actually having a solid kind of direction right >> yeah I do this let's say on Sunday uh they say okay I'm entering the new week with this exposure with this with this and this so I know that this week until I don't change anything I have maximum this risk tolerance if I want to open more than certain number of trades. So I know that the one that I'm dragging from last week need to be managed. So let's say it's like a debit and credit from one week to another uh movement.

[01:20:42]>> What do you track it all in? Is it like a like a Excel sheet or do you use like a journal soft?

[01:20:48]>> No, no Excel. I use Excel. I like old >> then I I now I give it sometimes every three months I give all the data to code to to to see if he gives me something more.

[01:21:03]>> Ah cool. But let's say the so the the source is is Excel. But um I [snorts] give it once in a while to CL to to do a we do a session with CL to to see if he can find more things than than I can and and he usually does.

[01:21:21]>> Cool. Uh right, I'm going to roll this on to the last chapter. Um and you've actually touched up on a lot of this already uh for what I was going to ask, which is cool. uh because I will ask a few other things, but it's about public accountability and um what you're doing is quite unique in terms of doing everything transparently, doing it all publicly and having a decent track record with it as well. You know, it's not something you see very commonly. Um and you have touched up on it already about some of the lessons that you have learned. Um and some of the ways that it's helped your trading. Um so I'm trying to think of some questions cuz cuz you have answered quite a lot of them already but um is it something which you know you're just intending to do going forward or is it uh is it got a lifespan or you know do you think that maybe if you hadn't if you did stop it's going to affect your trading negative negatively because you haven't got that public accountability.

[01:22:26]I'm not sure what will happen, what would happen, but um you know I I started to do it pretty much as I was saying at the beginning when I started to do this seriously. So I I don't see another way to do it at this stage. Uh so no probably would not change a lot. Uh probably I would be a bit more reckless if I don't do it uh publicly. Uh this this is something I would be afraid of uh because you know I'm so used to do it uh with people being checking me somehow uh that to do it alone I would feel I would become probably more more reckless. Uh yeah probably it's I become addicted to this but in a positive way let's say that it keep me under under check >> [snorts] >> uh as a lifespan I started a sub subscription um let's say content on X I think 3 4 months ago and is going incredibly well I think I'm always almost at 300 subscribers so it's really getting um huge reception and I really like it. I really enjoy it.

[01:23:43]>> Yeah. So, I don't think I'll I stop it anytime soon as long as my girlfriend is not going to kill me [laughter] for the time I spend on it. But, but so far I enjoy it. I mean, I like to change. I to be frank, I like to let's say I had a very intense life and uh sometime I get bored and then I change completely as I did already every time of my life. So maybe I get bored and I will change everything. But um the trading and the social part of it um I I think for me they go end in end. So probably if I get fed up I will get fed up of both in the same time.

[01:24:21]>> And as you have quite a lot of exposure to different traders. Um I used to run an education group back in the day. Um is there anything that you have noticed as like a quite a common problem amongst most people um that has a somewhat simple solution? You know a lot of people come to you and ask you certain questions. Um is there like a particular thing that stands out to you having you know had quite a lot of exposure to the public?

[01:24:53]>> No not sure I get it m which in which angle? Sorry. So like um where where you've got a lot of people subscribed to you, you're going to have a lot of people messaging you and commenting on your post, [clears throat] you know, with with certain problems that they're going through and asking for your advice. Is there >> sort of a common theme?

[01:25:14]I I think as much as I stress a lot that my my service are not done the purpose of my service is not copy trading and nothing that I do should be taken as a signal service that everything I do is for education and to show what I'm doing so people can learn can take the trade.

[01:25:35]Uh I think there is still a lot of um search uh for uh for gurus and for signals and for copy trading and for uh uh the solution. Uh and many newcomers are really still really focus on on that one alone. I think I say it a million time. I strongly believe that copy trading is the perfect path to failure and to lose money. I strongly believe that following signal from other people including especially including me uh is the perfect path to to lose money. Um I did it for some time at the very beginning and I lost always a lot of money and the fault was mine not the people I was copying. uh because we are completely different people. We have different risk tolerance and we manage trade in a different way and everybody's losing sometimes. So you probably end up taking copying my losing trade and perhaps you don't copy my winning trade and I mean it's it's really personal. So I think the biggest problem in the industry is that again I don't like to speak about others but that many show this invincibility they show this perfection they show this 100% win rate so many newcomer are coming with the dream that they if they follow the right person they will make money if they follow the right trader they will become rich and if they follow the guy with a Lambo they will also at the Lambo and it really doesn't work that way. I mean it's there is no shortcut. There is no easy way to to make money. There is no I mean especially in crypto I think it's it's one of the environment where it's much easier to lose money than to make money.

[01:27:34]Uh it's a very different environment. I mean if you invest in this SP500 you'll probably make money. You just need to be patient and you'll make money. If you buy Amazon, if you buy Google, you'll probably make money in if you just wait, you understand? Simple way to make money are those. Crypto very easy way to lose money. Trading very easy way to lose money. So, it really need hard work, a lot of struggle, a lot of suffer maybe one day a few percent will make money. So I think the industry still and the people in the in industry especially the newcomers are still on a gold rush when they arrive and they want to find the gold mine and they believe that the gurus are the the solution to to all the the problem. I think if they follow the right people they can be helped uh but not by copy trading or by by getting signals to to make money. Uh I think that is the most common question I get and you know what I'm telling you people asking me but if I subscribe to your u to your content on X will I be able to to get your trades and then say look 90% of my trade are fe and free and public so take them if you want I don't know but you lose uh you don't need to pay for it if you want to pay for the subscriberries to get more value more education more guidance more mentorship more help I can check your chart I can suggest you how to improve on your charting on your trading but it's not about copy trading so it makes me understand that they they don't even spend the time to check my profile you understand where most of my trade are already there free and public and shared live so it's really the shortcut that is the I think the the common trait that I see in many people then there is many other guys that are fantastic that are putting a lot of work probably the 2% the 3% to be frank very very few but but they are working their ass off and they are improving and they are becoming great traders and if they continue on this part they will be for sure elite trader in due time there are few but there are the the the one that are really on the right path and they will I'm 100% sure succeed uh but the majority again is the gold rush and uh sorry to say but there will be liquidity Yeah, I agree. Um well, keep doing what you're doing, man. I think this is a great great time to end this. Keep doing what you're doing. Um it's going really well from what I'm looking I'm seeing it as and it's inspiring and um I think after this call I'm going to message you sometime for some advice myself on how to um do what you're doing and sort of emulate it. So, appreciate you coming on. Appreciate you spending your time uh to to jump on. Is there anything you wanted to say before we leave to anyone uh or plug anything?

[01:30:36]>> I think I mean it's people listening I guess they they they want to be trader or they are trader or they trying to be traders. So I I think it's worth you are you are in the right uh in the right place just just know that it's tough but but it's worth I mean uh keep keep trying keep trying and if you have the the right attitude and especially if you are honest with yourself this is what is very important to to be honest with yourself and you put it the hard work and the right passion uh is possible I mean it's it's possible when when you see that 90 95% of people failing And I think it's because they gave up. So don't don't give up. Keep trying and uh don't do stupid things and uh manage your risk but but keep investing on yourself.