Transcript for:
Unlocking Trading Psychology for Success

the fact that you have an edge does not mean that you are a Trader I'm sorry to say this to disappoint you you are just a human being with a skill set without the mindset anytime you think about a thought you already defeated so when we talk about trading psychology people think it's just an abstract concept it is not it's an actual technical thing you can study just like support and resistance what you will realize is that you make money you lose it you make money you lose it and you cannot really p on why it's happening so at some point I realized that the reason why it's like that was because something was missing something was missing in my life something was missing in the knowledge there was a gap she's going to be emotional if she's losing $100 that is the child school fees so you cannot just say don't be emotional so we have Associated levels to be increased which is good but that is not all that there is every single time you reach a point that you find yourself complaining a lot it means you have reached a point of transformation but you have decided not to today my message today for Traders very powerful title that I came up with while I was in meditation is called grow Trader grow in order for you to become a different kind of Trader what you need is knowledge so the first thing you need to go to the next level is I always tell people this that if you see me and I'm able to do do it you can do it you see in this industry um one of the things that I just realized is that the infrastructures in the financial Market is not built for the average retail you like to make money so what you will realize is that you make money you lose it you make money you lose it and you cannot really p on why it's happen so at some point I realized that the reason why it's like that was because something was missing something was missing in my life something was missing in the knowledge there was a gap so I came across an amazing video by um a very respected person in this industry his name is Anon crayo and he was talking about how retail Traders would never make money and I said if this is so then all the tears and all the crying do I have to just quit now so one thing that I just realized was at that time I was coming out of um anxiety and panic attack dis orders so I was taking some couple of few medications here and there that was Pres by my doctor but it was not working and so I realized that at some point when I heard what Anton Creo said I was able to pinpoint that into science and I realized that in this industry people talk about technicals and edges a lot and there is no problem with that you need a skill set but I always tell people this that the same knife we used to cook is the same knife someone can use to hurt someone there is no problem with the knife it is the mindset holding the knife let's say for example right now you walk up to me and tell me c I want to become a soldier I'll give you guns ammunitions uniforms and every single thing you don't become a soldier you are just a civilian with guns it makes you dangerous but that same individual give them three years let them go to the military C come back again you call that person the soldier what changed the face didn't change the hands didn't change probably the outfit with wouldn't change so why are you now calling that person a soldier so same thing here in trading the fact that you have an edge does not mean that you are a Trader I'm sorry to say this to disappoint you you are just a human being with a skill set without the mindset so what is happening is you will lose and you wondering why did I lose so a soldier doesn't go like why didn't I win the war they know why they are tactical and they also have the mindset so that was the G and so many years ago um when I got The Vision by the of God when I started nobody was really talking about trading psychology one person and may his soul rest in peace mdgas now I'm pretty much sure a lot of you guys know and have read about his book trading in the zones an amazing individual now one thing that happened was I I kept on listening to mdas and his information will keep on helping you but something was missing you see trading psychology is beyond just an abstract concept what I mean by that is if if you tell me Cliff show me love what do I do to show you love do I buy you a gift do I take you to trips so that is how people see trading psychology so I like your presentation one part you said mindfulness I believe in it a lot because when it comes to trading psychology it is something you do not something you think about this is the problem because I've been in this industry for a while I've worked for different companies here and they're heading as an education director and one thing I normally see is that in my experience and let's say for example network marketing spaces you will see people telling that single mother that come and trade now I don't have any problem you suggesting trading to that single mother but one thing you need to know is that that woman if it's $1,000 that is all that she have how do you tell that individual do not be emotional she's going to be emotional if she's losing $100 that is a child school fees so you can not just say don't be emotional how do you become emotionally intelligent we are going to talk about trading in a bit I want to talk about something every single time that I'm invited to anywhere what the first thing that I do is I meditate on the theme of the event so I heard about your theme and beautiful theme it says Next Level so when I came in I was sitting down and I saw become a profitable Trader I was very interested in that as well so when I was meditating on the word Next Level I I kept on listening I was praying and I was just I was just meditating on that you see because of perception that is the why we act the way we act and you may not know me you may never have met me before but for the sake of your destiny and for your trading career I forget about the person standing in front of you I go to places to speak for the love I have for the people not because I want to have a name as he said I traveled all the way just to come here for this event and he messaged me and I've never met him in person before and it's a privilege and honor to meet him for the first time and when he told me what he want to do for the community that's the true this is the first time I'm meeting him and you know my team and I of course we went back and forth because sometimes we want to make sure the core vision of what we have that God has given to us matches what we do with people so that is all the reason why we're doing that however something touched my heart and when I when he came on the camera and I saw him I said this guy is different there is something about him he has love for the community I've never met you before so when I was meditating on the theme next level one thing that that came into my mind was you see growing up in Ghana a little bit something always used to happen let's say if you go to school and you are failing your exams and you are not able to go to the next level that means that you are going to be repeating your course do you guys hear me am I doing something wrong okay so that means if you are in grade one and you are not able to go to grade two we will say that you couldn't go to the next level so we have a Associated levels to be increased which is good but that is not all that there is so next level can also mean that you were in B and you have to turn from B back to a it means that you can be in a and you can go straight up to D Next Level so when I was meditating I was like what makes somebody go to the next level and I realize it is a pivotal point of everybody's life called transformation so every single time and I'm going to tell you guys a quick story before we go into the trading part so we all know the bird ego an amazing bird we all talk about all the time because he has so many things we can learn from so the ego gets to a PO in age that it has two options either to give up and die or to go through a very serious transformation what that simply means is that their feathers and their beaks and their claws has become so heavy that they fly the way they used to fly when they in their youth so what happens is that he has to either fly to the highest top of the mountain of the altitude and plot out the the the the the the claws and crash the beak on a stone to make sure it breaks and then a new one will grow and come back again what the eagle is doing is that they are becoming transformed to become a different renewal bird now you see we as individuals one thing we don't understand about mental transformation is it's not a choice voice we all get there now one thing that happens is every single time you reach a point that you find yourself complaining a lot it means you have reached a point of transformation but you have decided not to you see there is something I posted on my Instagram one time and I said when you hear the word pesticide it means you are killing a pest when you hear the word insecticide it means you're killing an insect when you hear the word homocide it means somebody's killing someone so when you hear the word decide it means you have decided to do something and something else must die does that make sense so the word side means to kill so when you decide you are killing every single thing else holding you back am I making sense so the first thing you need to go to the next level is decision so I don't know you have made a first decision to come and sit down right here to listen to me now saying I'm I'm on it you have no idea I am not here with all humility I'm not saying oh they are listening to me it's a privilege for God to put you guys before me to share me spe who am I so I will do my best to make sure you leave here the gentleman said something very interesting I didn't know if it was a tag he picked he said you will never leave here the same again if you have ever been to any of my conferences that is what I say you will never leave here the same way again today my message today for Traders very powerful title that I came up with while I was in meditation is called grow Trader grow H grow Trader grow in order for you to become a profitable Trader you need to grow you see one of the things that you will find in this industry about retail Traders truly and With all sincerity is ignorance ignorance you see how do you grow you don't grow by eating when you eat you increase yes that is why you can find a fivey old boy and you be like how old are you while you asking him that you heard something am I making sense so one thing that I want you guys to understand is this in order for you to become a different kind of Trader what you need is knowledge now I cannot do justice today in this Atmosphere by teaching you everything you need to know however I will provoke you so if you are ready if you are ready I want you to tell to yourself whether you shout it whether you scream it whether you meditate upon it by say that I'm ready to go to the next level just tell yourself this what we are doing right now is part of the psychology you are telling me to teach so what psychology is not something you think about you know what is funny about thoughts and I'll teach you guys we'll go into in depth you see every single time that you are going through a series of thinking when you think about a thought the thought defeat you did you get what I said anytime you think about a thought you're already defeated you defeat a thought by talking so if right now you feel like you are losing and you think you are losing and you would think you are going to Beat It by beating the thought you already lost am I making sense so if in your mind something is telling you that you are not a profitable Trader what do you say I am so instead of you saying that become a profitable TR I just remove this and say what now imagine if you wake up every single in the morning and you repeat I am a profitable Trader for at least 21 days something will happen to your life a lot of people don't believe it's fine the voice is low no it's fine no it's okay he wanted you guys to get up and just chant am but we are not there yet we'll get there one thing that you need to understand is this is that when we talk about trading psychology trading psychology what does that mean I know you guys want me to talk about it but I come there the purpose of this event truly from my hearts is that you leave here provoked that you will no more be an ignorant Trader I'll give you one area that people are ignorant and you'll be surprised I used to talk to my students multiple times and you know I get messages here and then people like C you know I want to join your mentorship and I said I don't Mentor anyone truly I don't if you truly are serious you will follow me on Instagram and YouTube you will learn for free does that make sense people sometimes just want to just you know come to you they don't want to learn so I was talking to this individual they said you know I don't know why the Brokers are manipulating me y y y I said what do you know about a brokerage have you ever heard that before the Brokers are manipulating me what do you have how much do you have you told me that it's a 6 something trillion industry what do you have they don't even know who you are no offense but you understand I'm saying we are like aunts in the big sea so then why are people saying they are being manipulated let me show you something we have different type of br in this business it's a conflict of interest everybody wants to make money does that make sense so we have different type of Brokers we have the STP ecn we have the market maker Brokers for sure now in order for you to be able to have your trade be executed somebody at the end needs to buy or sell for you is that true so if you click buy somebody needs to click sell for you to enter into the market right so with the market maker Brokers they provide the liquidity in house so what that simply means is that when you click buy now it doesn't go to any liquidity provider it stays in house meaning they have the liquidity to buy and sell for you now imagine if a thousand people is clicking buy byy byy byy byy because let's say you got a signal what do you want the broker to do because remember they are selling for you to get into the market they're going to be losing if the trade goes to the direction so what do they do they hedge hedge means they have to now do the opposite of what they did to protect their Capital so hedging means Capital preservation of risk management so they are not manipulating you they are protecting their Capital so you need to be happy knowing this is our business partners a conf interest I want to make money they want to make money so they want to survive I want to survive that is how they G riched so when you understand that you stop saying they are manipulating me you start saying that it's a conflict of business so that means now you are not thinking because they are manipulating you you stop being disciplined am I making sense so it is knowledge light that makes you start acting differently I always say this that we don't see with our eyes we see through it your actual mindset is your mind so when you start to change your mindset you start to see things differently so when we talk about trading psychology people think it's just an abstract concept it is not it's an actual technical thing you can study just like support and resistance just like your smc's an IC Trader just like that as well no offense just like anything that you study right but the truth of the matter is let's say Mr Ben comes to me I'm teaching now so I want you guys to pay attention let's say Mr Ben walks up to me right now and say C I want to drink water and he has never had water in his life never had water so I gave him vodka H it's transparent no just like water I don't know I'm just I'll just but he had the vodka which is also transparent and he said ouch what is happening to him ches B then he started feeling tipsy so he came to me and said c the water you gave me I don't know why it's making me Tipsy but I'm tips don't worry it's your first time you drank water that's why vodka so he came he left he went home and he said Cliff can you give me a bottle of the water vka don't forget that he took it home he came on drinking drinking drinking after two months he said w c you're right my chest is not aching me anymore and I'm not feeling dizzy anymore but one thing he doesn't know in medicine we call something tolerance the fact that your body has adjusted two way does not make it the truth so now what do you think will happen to his generation he will pass on the Vodka as water to his Generations so if somebody else comes and say hey what you have been drinking all this while is what kind of water his generation will fight me and some people will worship His generation still because it makes sense because they will tell us of hey just drink the water for two months and you'll be fine so you will see a pattern so just like that in trading pattern is more than just technicals it's a word used to study something to identify error and Truth patterns so how would you know that what he is drinking is not water the pattern of the diseases the community have liver kidneys being distressed M so the enlightened person who say something is wrong somewhere PS so in training when we say psychology in trading is what is happening to you emotionally and physically when you are trading your cognitive functions what is happening to it so let's say for example you are about to trade and in the morning you woke up you stayed in bed kept on snoozing your alarm you didn't do any meditation no exercise whatever the truth of the matter is there is nothing you can do about that you are dehydrated you didn't even drink water you have so many cortisols chemicals in your system as hormones that is going to let you overreact so even though you say you don't want to be emotional and I told you don't be emotional your chemicals in your body is saying hey I'm sorry but I'm going to be emotional because you are stressed if I give you paracetamol right now you don't speak to the paracetamol and say paracetamol if you go into my body fight these pains he knows what to do it's called mechanism of action do you understand what I'm saying so if there are cortisols hormones in your body you don't go like I will not be emotional you will be so can I have you I'm going to put you on the spot because you have been looking at me they say if you find a somebody in the crowd who looks at you is beautiful I want you to frown your face frown as much as you can don't worry they they fine who can frown can you frown try so now if this gentleman frowns for three minutes straight I promise you he'll be angry not because he's angry nothing is wrong I can can make him angry right now as long as he keep so now that he is front in his face the body is receiving waves so what is happening right now is that eventually you will be irritated you understand what I'm saying that is psychology now we're going to do something don't don't smile just show your teeth widen the corners of your lips this is a smile so if you say CLI I don't feel like smiling no you're not ready to smile because smile is not a feeling it's something you do so when he widens the corners of his lips and he show his teeth he's smiling eventually his body will receive that information are you guys with me say psychology sit down please thank you can we come my R so now that you understand this small example that means before you wake up to trade what do you do now you will understand pray trading routine your Mentor will not force you again you will run before you go into the trading room because you you want to do something to your body okay no it's not they are learn it emotions as I said I cannot really tell you guys a lot but I'm going to provoke you this this this afternoon you will be emotional you must be emotional and you are going to be emotional I get emotional all the time I'll never forget one time I was having a layover in Doha um I couldn't get a straight flight to Dubai so when I got to the I was 13 hours and I have made money true story so one of my trading buddies said hey you know he's buying gold I'm bored let me just see took the trade didn't care in the beginning you know then to the trade guess what happens lost lost the profit I made lost some of my own capital I got so angry I deleted my mt5 I was emotional so you will get emotional the problem is not emotions is that you are not emotionally intelligent that's the difference so how do you become emotional intelligence what is emotional intelligence it is awareness of your emotions as well as others and how to manage it so that means when you get crossed on the road and I'm going to tell you something again again I'm trying to be very interactive so if I call somebody else it's fine um who else can I get a lady and a gentleman I want to show you something I want to show you some emotional things again just a lady and a Gentleman can you guys clap for them please one one one one gentleman you see that why if a woman becomes profitable in trading She's Dangerous one lady and she just got up coming okay so let's I want to show you guys one thing about how you can fix your emotions let's say what's your name please nice to meet you okay so let's say for example you go to a grocery store and then you see her over there she's having one of the most worst days but you don't know that so you walked into the shore and then she kept on looking at you she kept on just look at him I like that this is the kind of FR I was looking for so you kept on looking at him looking at him and she he was Runing yo like why is this girl looking at me until you left the place she kept on looking at you now when you go out what would you tell your friends I tell them maybe from there or something like that yeah like what is going on right but before you went there I tell you this girl is going through a tough time she has really gone through the worst Year God forbid and every single thing is going south for her so even when she's looking at people it's like she's looking at them it's like she's just staring now you go into the same shop again how would you feel the same sh again with this the same scenario same phase but now you have a I told you this before you went okay how mad at you become what changed um the knowledge I had about her situation okay so this is how you fix emotions in training you are emotional because of what you don't know does that make sense so same scenario nothing changed but now you go to the shop and you're no more Angry knowledge thank you so much guys what am I teaching you now is is that there is so many things I can talk about here today about trading psychology but one thing I want to tell you is that you are far mostly emotional because of something you don't know but that thing you don't know is what I'm going to talk about you spoke about risk management and you spoke about different Capital Management and I always tell people that there are three types of management in trading Capital risk you oh wow do you follow me interesting you are repeating everything I'm saying that's crazy so so U capital and then the risk management the U management part is ignored why ignorance because if I tell you to manage you how do you manage you the reason why you don't manage you is because you don't have a data about you you have a data about the market it's on trading view but your data can be found in your Journal how many of you Journal not the technicals emotions ah there you go so how can you then now study your patterns of how you behave if you don't have a journal about you now why do you need to study your patterns because of your cognitive functions you see there are something that we call the cognitive biases it is what will make you say I'm going to go into the market and be disciplined and you still won't because of your cognitive functions so I love what he said there about patients and I was looking at it as like it is true people need to learn how to be patient but what does it really mean to be patient patience is not just waiting is the attitude in which you wait does that make sense so that means your mindset must be able to wait before even the market I want to talk about cognitive bias a little bit this is the pivotal point of why no matter how much you tell yourself you will go to the next level you may never go to the next level and I'm going to just use this to wrap up as I said I will not be able to teach you guys every single thing you want to know however I will do my best to make sure you leave here differently what is a cognitive bias it is the shortcut that your brain takes to get something right huh that isn't that how human beings we are you know this is what I need to do but you just believe there must be a way that will let me get there faster is that Bo supposed to be for me can I can I get it I want to show you guys something okay can I help you let's go all right thank you on the black one thank you all right I want to show you guys something when we say somebody is a profitable Trader how many of you guys are profitable in this room okay how many of you guys have seen Blues in your life so why was your why why was your hand down when I said how many people are profitable in this room Oh you mean you don't make withdrawals I'm going to show you guys something in a second let's say all you have in your trading accounts is $100 let's start from here because there is nothing wrong with st $100 you know we all start from somewhere you'll be sure come out I with anyways so let's say all you have in your trading account is $100 now this is the mistake people make you see this $100 it cannot buy you the Mercedes it cannot buy you the house it cannot solve all your financial problems but you know what it can do it can do something about your groceries so do you know what happens most times to people when they say they have $100 what is 10% of $100 how many of you have made $10 in your life before did you withdraw okay so there you have it now 10% is good business isn't it your capital is just small so you are a profitable Trader you are just an ungrateful one I'm sorry no offense you you understand what I'm saying I'm just provoking you a little bit because if you tell yourself every single week making 10% I'll will buy groceries $10 can buy something and the more you keep on focusing on using that 10% to solve your groceries eventually I promise you this there is a saying in the Bible very powerful Bible verse it says he who is able to manage the little can be trusted much so if you can solve your groceries with % eventually God will lead you to that house and that Mercedes with with a trading account you will ask me Cliff okay but do you guys understand this on my whole entire life the number one reason people don't make withdrawals is this so you can now tell yourself wow if somebody ask you how do you eat from Trading then two three years later how did you buy your car from Trading but you see your cognitive bias will not allow you that is where it is in the cognitive bias is where you find confirmation bias you will find loss aversion what is loss aversion it is your desire not to lose being bigger than your desire to gain ah this is hard this is what this means so you took an entry what is the most traded pair in this room I trade NASDAQ what do you trade XA USD this is the video I posted and people almost attacked me anyways but then okay so let's say gold gold gold I want to talk about gold for a second see some of you need to stop trading gold for now do you understand what I'm saying like see this Market here an The Edge is is supposed to give you confidence if the strategy is working for your mentor and it's not working for you it is not the edge problem it's your emotions not matching with the assets that is it gold is a very very aggressive PA you know why because everybody is trading it we'll talk about that later on so let's say for example you take a buy and here and then you said no matter what happens my stop loss how many stop loss do you normally use for gold really wow you guys are sniper entry Killers 20 Pips for gold because you want to make money with this isn't it you see right there but anyways let's say if you buy gold from here and this is your stop loss now this is what loss adversion would do so when it now start turning around you would tell yourself oh man I don't want to his stop loss so you're going to remove it hoping that it will reverse now this is where it gets trick so it's going to come down to your stop loss and you have removed it you're going to keep on going and then because of overconfidence which is another cognitive bias you will buy again so you will buy again then it won't still go the this is where oh my God you see how cognitive works together so I've talked about loss aversion so now you have removed your stop loss once over here now the stop loss is in your head is no more on the chart congratulations so now you are saying oh it will reverse and you know what is funny it will reverse but you're supposed to know that is a retest but because of anchoring by us you are so anchored on the idea that it will reverse that you think this is a pullback so now you tell yourself okay finally it's revers let me just go and cook and come back so now when you come back you open your account and then you open it one eye right you cuz when you see you know how I know number one I've been there and I've mentored a lot of people in Psychology I have a lot of case studies I couldn't I could have I could have shared my screen with you guys with it but then you know I didn't bring my my device case sometimes I look at one one lady and she she's in Dubai she takes 20 trays a day I say you from today you take only three trays maximum a day he said three trays I said three trays something is happening addiction so now you remove the stop loss and then now it kicks you out now the loss aversion has kicking is called loss aversion so in cognitive biases we have different type of cognitive biases hopefully that just hold anybody we'll see may God have mercy on me number one we have what we call if you're going to write something write something now we have something called confirmation by us if this is all I teach you today that is fine about cognitive biases it is one of the most important thing confirmation bias what is confirmation bias confirmation by us is when you come to me and say Cliff do you think gold will buy so I don't see it you're like are you sure look at the support the resistance look at it what you're doing is you're trying to confirm a bias from me it doesn't matter if it's right or not it satisfies you it's called gratification so the moment I said oh yeah I think you will buy you carry that as a conviction and take it into the market it's called confirmation bias this confirmation bi us is not just in trading it's in life so let's say three people two of them like each other so much the other one is annoying one they now start telling each other the things you do you see this guy he talks too much you want to confirm so you guys will be happy hating on this guy it's called confirmation by us the second one I will talk about is the loss aversion we already explained that loss aversion the third one we can put here overconfidence by us over confidence but this one you see when people come to me and tell me c what is the difference between a bad Trad and a good trade I will tell you the difference a bad trade is not a trade you made money and a good trade is not a trade a bad trade is not a trade that you lost money and a good trade is not a trade that you made money a good trade is a trade you plan to take and a bad trade is a trade you didn't plan to take so what that means is that even if you take a bad trade and you make money it's still a bad trade meaning you didn't plan to take that trade so you lost now overconfidence normally funny enough comes from when you are having a winning streak so that is why I always tell my people that if you lose money don't cry if you make money don't celebrate CU your brain does not do what you tell it to do it does what it is trained to do are you with me so next thing that you need to be able to understand you're going to become overconfident but how then do you stop yourself you stop yourself by having limitations in your training the fourth one is anchoring by us anchoring bias is a type of bias that you are anchored on a certain kind of bias so if they say gold is going to buy even if it's taking two weeks you don't want to change your mind even though the data is saying that hey things are going to change then we have the fifth one here we can call here maybe let's say this one is a good one formal it's a cognitive bias so formal is how a lot of companies uh sell anything all right when you go to the grocery store you know whether um anywhere anywhere it doesn't matter Ghana any part of the world it doesn't matter when you walk into the shop so you will find uh that there are mostly the little little toughies and every single thing at the bottom of the shelves it's not for you it's for the kid to you so the kid will see the tofe be like Mommy Mommy Mommy I want that tofe right so because of people around them you start to feel embarrassed you cannot buy the tofe for your kids so you buy for the kid so you are a herd we have something in in in human race called the hering behavior we follow the majority so this is what also makes people follow something because everybody is buying it then it means it must be right so it's a cognitive bias that you're going to go through now we can talk about all of these over and over again but how do they work together probably very simple how do you stop these negative patterns awareness awareness let me ask something what is this one how did you [Music] know you will never know right until I correct it so if let's say if it's one then the next time I do this you will say is two but what if I did this and I said I'm pointing the sky so next time if I do this what would you say so in order for you to study patterns you must be enjoying getting things wrong are you with me you can only study partings to the level of how many times you've been wrong do you know the technical term in that in in trading somebody can get it right can somebody get it right what is the technical name for that in tra if you get it right uh I was going to promise but I want to see if my team is gonna beat me up okay if anybody get it right you will get a gift what is the technical name for that in training nobody come again when you are getting things wrong in order for you to get it right in the future what's the name thank you very much who is that you what's your name okay you have a get from me it's called back testing so back testing is not something you go to Just quickly go make money to take it is you going into the market to get things wrong as many times as you can 100 times 200 times so that in the future you can get it right let me tell you something right now in trading you don't start with the 100% winning ratio you start with negative you build it to there it's called reverse engineering so that means every single person here your strategy is negative you are now about to reduce The Mistakes by learning from them to build it to a positive ratio does that make sense so if you have not backed any strategy I promise you eventually you will never make money so the last thing I want to talk about here is the techniques as I said forgive me I can teach you three hours if you have been on my YouTube before have session like talking for three hours but today is not a day what are some of the techniques you do to get your mind right one of them truly is meditation and mindfulness you got it right brother meditation and mindfulness you see the ability to be mindful is very powerful it is is what makes you start to be able to understand that you can calm things around you as I said I was talking to you guys and I said the body react to Things based on what is received so let's say for example have you ever watched any movie in your life and you get so angry at the character then you start screaming at it you've done it before okay so your brain do not know the difference between what is real and what is not why are you screaming at the character it's very powerful isn't it so that means your brain does not know that you are broke now you told it are you guys I'm pausing here for a second meditate on that are you learning your brain doesn't know you don't have $1 million you told it it is true I've shared my story before but then sometime people don't believe me I'm a product of mental transformation you know one of the things I used to fight a lot was speaking into existence I be like these people are crazy what do you mean you speaking into existence I will always be challenging but you see one thing I told myself I said Cliff if you are broke what do you have to lose try it just try it so one thing that you need to understand is that when you are meditating and you are being mindful you are seeing a different dimension that you are not in yet so every single day that you wake up you know I remember one of the um one of the people that was telling me CLI you know you are always talking about psychology psychology and you are talking about mindfulness mindfulness what do you mean by that so I made a video one time I went to the studio with a team and then I did a video about affirmation so I posted it now mind you you know in this industry I never knew believe me when we started in 2012 I never knew there is a way you can build a brand with Forex I just thought it's a personal thing you do in your room so people ask me where have you been I said I've been here and so when they saw me talking about affirmation they're like what are you talking about affirmation I remember one guy commented on my my picture one time and said why are you saying we should fast why are you bringing fasting into trading I laughed I said the fasting is not for trading it's for the Trader cuz when you fast you start to kill some tendencies that will worry you in the market so you see when you hear ignorant people speak it's funny why are you fasting isn't fasting supposed to be for a religious activity who told you you just don't understand so when I did the affirmation video I remember that day you know if you you also create content in this industry you understand it's not easy especially when you post you get 300 views and 500 views and th000 Views so when I posted this video I was talking to my team and I said oh so we woke up the next day in the morning and then the video was at 10K okay checked it again 20K so I said oh okay this is doing well so I went and I spoke to my graphic team and I said hey I think we're going to hit 100K so design a flyer to celebrate 100K check it again the next day we have 200k as I'm talking to you right the video than 1.1 million views what is happen people are waking up to psychology enough is enough now so now I want to challenge you that you came into this room today and you're like how do I become a profitable Trader number one you need to contend for light knowledge stop telling yourself things that they are manipulating me it's a baby conversation you're having right there stop it nobody's manipulating I told you this and it's from a place of respect you don't have that much to be manipulated it's a business you signed up for and you say you want to make money it's a big boy business so you want to make money you need to learn learn what I always tell this to my students I say if you're not worrying your Mentor you are in the wrong environment I told my students I say worry me ask me the questions C how did you make this money one time one of them asked me c how did you become profitable in trading I said I became a profitable Trader when I didn't need money in trading cuz the financial Market is not a place you go to make money it's a place you go to multiply money so you can't multip L what you don't have does that make sense so if you have $10 if you want to multiply it 10% of that is how much celebrate you did it but you're not happy you know why CU you're not fulfilled now I'm going to go back to the slide where I was showing you guys here the reason why people are not fulfilled is because all the goals over here hopefully this works all the goals over here is connected to One account which is $100 the house the the car the food every single thing is in one portion here so what that means is that when they make $10 on top of $100 they are not fulfilled why because that $10 cannot buy the car but meanwhile that $10 is good money so where do we start from to become a profitable Trader separate your account just like how companies franchise if let's say you come to me right now you tell me Cliff I want to start a coffee shop and I give you $1,000 it may not start Starbucks but it can start something when you now grow you multiply you franchise it does that make sense so if all you have is $100 start by using that to fix your groceries start by using that to fix your groceries now after you've been able to fix your groceries what do you do next the next thing you do is you start planning towards something now you know one thing your brain will tell you and this is why I want you guys little me carefully now don't forget it don't mind me my passion is going up because that's how I am when I start getting energetic I'm like it's time to speak this is what you can do some of you guys will tell yourself but how much is $50 save that for 3 years and I promise you this if you don't do that in 3 years time you wish you would have saved $50 is that true sometimes you get to the point ah man I wish I could have $10 but meanwhile three years ago you had the opportunity to save $50 now that $50 in three years can become your new opening branch of your business which is trading from $100 probably to 500 now if you are solving groceries now you're about to solve savings now you know one thing about compan effects if it took you three years to get 500 it won't take you three years to get to the next one isn't that powerful so one thing that you need to study is how do I become a profitable Trader I'm telling you that you already are a profitable Trader you are just not grateful so now you made $10 father thank you couple of few years ago I didn't even know how to even make $1 if I put my money in the bank it will not be multipli but here I am doing it in my room father thank you whatever you worship does that make sense so God thank you $1 is what I have what are you doing right there you are doing something that is doing something to your mind now you guys know me a lot I believe in principles and laws that is how your life changes and as principles whether you believe it or not it doesn't matter it doesn't care about your sentiment if you stand on the top of a 50e story building and you said oh man this guy is talking about principles I don't care jump jump and say you don't believe in the law of gravity jump you will go down so same thing about laws and principles in life whether you believe in gratitude or not it doesn't care about your sentiment so when you are around four people and every single person is complaining run why because they are programming hardship around their life so one thing that you do is now you go to your secret place and say father all I have is $10 by thank you then three years later they will find you like how did this guy become multiplied they didn't know you subscrib to principles so right now that you are here what am I telling you that $10 may look small but 10 guys I did this this is my testimony I'm telling you you see I grew up in an environment where but I grew up my grandmother a little before I Trav from from here in Ghana and sometimes when I'm not feeling well that is when I get the fried rice and the chicken Junior are you okay so I realized oh so if I'm okay I don't get a chicken H okay so then I always keep on saying I'm not okay then but you see what is funny what it was happening was it was programming a certain kind of mindset that will affect me in the future so when I meet businessmen guess what I did how are you Cliff oh man I don't know life is hard businessman don't want to hear that how are you doing Cliff I'm great so I didn't know so because it came from a programming from my ancestors I thought the only way to get something is to look like you are suffering but you see principles don't care whether you are ignorant vka oh boy whether you are ignorant principles don't care so what will happen is you will not be programming l so now it's called the arsenals of psychology you wake up in the morning I am finish I am good what are you doing you are reprogramming your mind and it takes time because the brain has to be trained so I am a profitable Trader I know that the market is tough but I am disciplined you are re wiring your mind you know why because funny enough in scientific research the only thing that the subconscious Minds obey is the word I am is that in your Bible God told Moses when you go tell who sent you do you know why because at that time do you know who God told him to tell do you think God was saying tell the Egyptians you know who God told Moses to tell who was the people it was the Israelites God's people who prayed to him and said that come and save us is the same people Moses said if I go who do I tell them send me can you imagine that but he said listen I can tell you all the things to tell them but I want you to do something to them mind your subconscious mind I'm wrapping up about let you understand how powerful your mind is that is why I say fix your mind fix your trading because in laws now we are wrapping up with laws and principles in the law in this word called The Law of territory says you cannot live in any territory without the components of the territory this what I'm this is my last message now and I'm wrapping up that is why you cannot wear M dona's uniform and work in KFC it's a law of territory okay so God said listen I'm going to create human beings in order for them to leave here even though they are Spirit I need to create for them a mortal body so you and I so it's illegal for you to live on earth without a mortal body does that make sense okay but then God said listen if they only have moral body they won't survive so they to create something in them that makes them to be be able to access the spiritual realm the things you cannot see let me just say so they don't be like what he's talking about but the things you can see to the things you can see so he created the mind so the mind is the mediator between the spiritual realm and the physical real the mediator is where we get the word media from so now you know how media is powerful so the more you listen to music it doesn't matter just listen to it 15 days later on you start singing a song even though you didn't write a lyrics that the mind so the word I am programs your subconscious mind and the subconscious mind is like an autopilot in flying a plane that is who you are the Bible says as a man thinket so is your subconscious mind so right now your subconscious mind believes you are a defeated Trader he believes you are not a profitable Trader he believes you are not a disciplined Trader he believes that you cannot be able to be consistent so in order for you to become a consistent Trader you need to start fixing something that will take you to the next level now let's wrap up how do you go to the next level to become a profitable Trader number one what you tell yourself must change and you know sometimes I'm sorry but then if you're not careful and then you know you you you look at people and say how did he do it they are not special people CLI the goats I said I'm not the only difference between you and I is I've lost more than you and I've learned from those losses if you decide today and wake up and say I'm going to lose thousand times you can beat Cliff No you want to make wins thousand times you want to lose thousand times so one thing I always tell people this that switched up the majority of people that follow me on Instagram I said a stop loss is a stopped trade when you stop a loss you've not lost the trade so in my community we don't just only Sal take profit we also celebrate stop losses so you come to me Cliff guess what what I stopped three losses today congratulations you did well does that make sense mind sh shift so it is a perception is what is taking you where you are right now so I challenge you before we wrap up today that are you ready to become a profitable Trader if the answer is yes then I want you to write down in your book on your phone and say I am a profitable trainer I challenge you I challenge you truly in the next 21 days repeat I am a profitable Trader to yourself every single day and you will start to see that something start happening to your mind so all the things that you're saying oh I don't want to be emotional if I tell you don't be it's not going to change anything you just it depends on what you have told yourself so remember my brother you remember the smile the next time that life is beating you smiling is not what happens to you it's what you do to happen to you meditating comes from the point of something you want to think about continuously I I was thinking because I don't want to teach but if I don't Branch this in he will never get anything out of the question he asked so you guys should forgive me there are two types of emotions there is complex emotion and there is basic emotion so the basic emotion is the things that you feel generally like if somebody paints you insults you you get angry if something happens you get happy excited it's basic emotion now complex emotion is when two or more basic emotions comes together to form a complex one so it only happens when you meditate on something happened to you over and over again so let's say somebody insult you now from this event maybe you wanted to shake me I'm just saying and I didn't shake you or my manager was like oh no you know don't shake him even though he may have been coming from a better place or whatever happens if you take that away and this guy I don't even like you will now meditate on eventually you would you would develop rage towards me so you meditated on the event that happened by thinking about it over and over again and it created a complex emotion in your heart so it is a complex emotion as a tra that you don't want but the basic emotion is normal you lose your trade you get angry split again okay does that make sense one time I'll never forget I took a BTC trade you know it was analysis I did and I knew was going up to the 70,000 I put my stop loss at break even we are practicing proper risk management came kick me out and went there I woke up like what so you kicked me out and went there immediately I wanted to look for another entry and I said no I am a disciplined Trader this move will happen again and again and again what did I say you don't think thought to kill it you talk to kill it so meditation is now thinking about something that is good whatsoever that is true whatsoever that is Bible students yeah yeah yeah yeah meditate on these things does that make sense so you want to take yourself okay today I'll be profitable you sit down today I'll be profitable I'll be profitable I will follow my trading plan medita you can get some music if you want does make sense so that is how you meditate please let's give it up let's give it up please another don't go yet sir another question okay thank you um please you spoke about the power of the subconscious mind and it being an autopilot so something you do frequently it gets to a point where now it um drives you to do things you don't even think about so um I've um I've met people talking about only the power of the subconscious mind so I don't know I think the conscious mind also has a part place but people have not really spoken about so I don't know if you can thr some light on it for yes so again as you said about the auto let's use the plane as an example so if a pilot wants to fly a plane the first few minutes and so he has to organize things so he has to make sure the coordinator is great he has to make sure that he's in the right altitude those things are the subconscious the conscious mind sorry so he is manually making sure that the plane is in the right place to leave it to fly on its own so that is the conscious mind so you came here with your conscious mind you didn't just Sleepwalk here so your conscious mind brought you here if you take note it's your conscious ious mind right if you if you ask questions your conscious mind is doing that the question didn't come from your subconscious mind but the subconscious mind is what changes your behavior and your actions overall so let's say for example if you meet somebody and then when they enter into a room they just want to be in your own corner it's not them they are just it's their subconscious mind but then if that person want to change then he has to now consciously enter every room and walk to people and say how are you doing the first time he won't feel it he won't like it it will be very awkward but when he keeps on doing over and over again now the moment he enters into a room after 21 days 60 days whatever naturally you will see him walking around how you doing now he doesn't even know that he's even doing that so that is why it's called the five stages in trading you will find out you changing your conscious mind to some conscious St so for example unconscious incompetence that is how we all stated ignorance you don't know what you're doing stage number one stage number two conscious incompetence you are consciously aware that you are incompetent about this business stage number three moment now you want to learn teach me Mr Man why did you take this train fourth stage is what we call the conscious competence now you are consciously aware of the rules you need to follow to become profitable the last stage is where you want to get to now it's called the unconscious competence that stage is how you brush your teeth it's how you ride your bike it's how we drive does that make sense so your subconcious mind is going to receive as many information from your conscious mind but then if in the he won't believe it so if you say I am a profitable Trader your subconscious man is say this is an error you are not then you keep on saying it again that's why it takes time I am a millionaire he said no you're not look at where you are that's your subconscious man it is true so now you keep on saying it and saying it until oh you are a millionaire so now you dress like it talk like it shake like it you will not know say oh this restaurant is only for the for the rich people who told you that even if you don't have money now that is fine go buy Still Water anyways you know what I'm saying you I have two minutes can I get two minutes I want to do something to your mind okay can I get you and him I want to show you guys something so that I believe what I'm about to share right now by the grace of God will change somebody's life for you to understand everything I've talked about this is all that I'm trying to say let's say your name is thoughtful Tim and you are careless cow they both came to me and said they want to learn how to trade I said okay cool no problem so I gave to for Tim and careless cow the same structure of my training plan I said I'm going to take you through awareness I'm going to let you study who you are to be more about yourself to like I don't care teach me anything you want to teach me careless car is like no man like show me the way to make money cool so right now I took them through a three years transformation period of teaching them how to trade thoughtful was always listening to me he did everything he was supposed to do blah blah blah why not then after three years he's not profitable he is also not profitable meaning that they have not gotten the money that they want to solve some certain things does that make sense but then after a while careless cowed going on to different places different YouTube channel man even what Cliff even told me is even stupid ah I've seen a new strategy he's always going around looking for a Holy Grail strategy that doesn't even exist but thoughtful team is like man I want you to keep Hing your Cliff I said thoughtful team go read this book so I gave him in their mentorship I gave him all all the books he didn't read he read secrets of the millonaire mind so he taught him about financial tat he read about how to be a leader he read about communication skills he Le ah communication is different from speaking okay so he learned so I told him T him go to the fanciest restaurant near you he was hey but CLI I don't have money I said don't worry buy just water when you going just at least go still read your book so he took his book he went and he read and Mr Ben the more time came in and when he was now coming thoughtful Tim about careless car I don't know where he is but thoughtful Tim was reading his book and then Mr Ben just tripped and and he said oh I'm sorry to Mr Ben what did he use the Arenal of communication oh I'm sorry Mr oh I am sorry said no no so Mr Ben now saw the book He's reading because real recognized real so what happens what book are you reading what do you do he said oh I'm a financial Market Trader oh wow you must be making money not really but we are doing what we can do he said okay how much do you make in a year oh in a year I could make like let's say 60% 60% you know why because in the realm of invested 60% is bonan but to you is small why $100 problem we'll come there so now at the end of the day he's saying oh 60% wow so if I give you a million you can make 60 person in a year but leadership oh yeah yeah for sure I meway will still apply the same risk management he's not oh my God leadership Financial he's developed now I don't know where he's going to be God forbid that is not going to be your testimony but now you see three four years he was never profitable but because he read the book even though he didn't understand he listen even though he didn't get why eventually his next level came by a man called Mr Ben tripping on his feet but all the arsenals that makes him communicate to be able to talk to people on that level was already there imagine if it was a scaleless scow why did you trip on my feet can't you see where you're going lack of leadership because he didn't read that book so no Enlightenment so while he's saying oh my God I want to make money one thing he doesn't know is that skill set only gives you opportunities what P you is attitude wow I S all right thank you sir for the opportunity I want to ask uh can your environment have a negative impact on your trading psychology yes I'm going to answer this in a very fast way you see this room that we're in right now when you go out you feel the difference you will notice that the outside is totally different from where we are now does that make sense so environment plays a key role you may have heard this before and it's now like a cliche you are the four people you hang out with you like it's true if the four people you hang out with are broke eventually you didn't count well it's five yeah you didn't count well that's the truth so if you hang out with four some of you guys you want to be a Trader and all your friends are footballers you are joking even your your Mentor is not your friend oh yeah he's just my mentor you know and then you now go and join actual friends who hey you this trading thing isn't Ghan people SCH this Trading you are still doing this trading thing this trading thing anyways so at the end of the day environment plays a big role environment you know is what if you want to know how environment is a key factor look at social media algorithm the things you watch they say recommended for you does that make sense so it's all a borrow technical things from the of the spirit so now the four people you hang out with if they all complaining eventually you complain so now people actually compete about who is the brokest one in the room oh man don't things are not easy even yours is good the whole day have not eaten so it's like comp who is the pro one in the room and then what do you do now you tell them you win Mak you win if you are you know so you need to make sure that you design a system that takes you away from negative environment guys this thing is a law it's a law you see sometimes I know we are sentimental people ah but what what would they say what would they say when you're hungry do they call you do you know how I got started in trading I went to a friend I said please can you borrow your momy he said have you heard about m 4 2012 true story that's how I got into trading I went to my friend and I said bro can you borrow me money I want to write an exam I wanted to write act at that time and I said he said oh bro you know I don't but bro have you heard about mt4 I said oh wow but I took it anyways now here we are doesn't make sense so it wasn't bad but I mean he didn't give me that is the moral of the story so nobody would give you so when you are now being sad what if I start to isolate myself and one Technique we use to stay away from negative environment is to start being the opposit they will go does that make sense so if the person is complaining be grateful they will say you're boring does that make sense if the person doesn't like reading you read more they'll say you're boring So eventually they leave so environment plays an important role and as a training you need a community I know there are you know a lot of and if you're a mentor here you know I just really want to say that God bless you for everything you do because it's not easy sometimes it look like I oh you want F that is not what it is but then when you when you carry the mentorship mantle that there is something in you that wants to but people don't understand does that make sense so look for a community you can't do it on in the community don't hide don't just go to make money go serve because if you serve in the community your Mentor eventually know you and he will tell you you know yeah he makees money from train that's not what does anyways uh you understand so of course there's more business in this industry right but your Mentor will not tell you if you are outside a circle so I always tell people this as a mentor it's not a shame if you do rebate is okay teach them are you with me so my last time I told you I said people ask me Cliff how do you become how did you become successful in trading is like when I didn't need trading money so I'm a businessman you know when I was in Ukraine back then I had a cafe does that make sense and then when you now make the money you use that money to put into your trading so if you start eliminating trading money from the emotions you start becoming trust me do it start telling yourself you don't need money from Trading you'll be shocked you will start making decision differently so it is all mindset does that make sense so your environment plays an important role I mean I won't lie to you trading is not all that I do I'm a businessman does that make sense if you have a business idea right now you talk to me we'll see how it goes however I am a full-time Trader and I'm also a pharmacist so I told you my background is in science so I'm a pharmacist my wife is a pharmacist but I don't practice Pharmacy anymore I only do trading so environment really matters a lot does that make sense I hope you learn something from there please let's give it up for uh before I give the mic to another person to I also have a question you do yeah it's a priv so my question is should I affirm it to myself or I should I should tell people how do I do my affirmations oh I mean aside from affirmation is I am not we are does that make sense it's an I am business and it's not we are so if you are firm to the person you are not affirming you are declaring so there is a difference between affirmation and declaration I can stand here and say by the grace of God by next year by this time I willon be a millioner that's declaration that's not affirmation affirmation supposed to do something to your mind declaration does something to the atmosphere so they are both important you sound like a preacher I don't want manyways please we have another question no way um thank you for your presentation I really love it I've following you on social media a lot make time especially the interviews You' been granted the media houses okay and my issue is back testing I want to know how do you go about your back testing I don't know whether for me okay so let me just show you how I do mind I just go back in history I mean despite the the I mean I'm with you because I mean the rest I don't know I was first introduced to EUR us so I'm stuck with it but it's too slow for me I'm trying to look for another pair but okay saying good but okay it's not it's not my line right so I go back to a different I mean different point in history2 just go back minimize the chat make the line so try to minimize or maximize minimize make the line and then maximize it so I then look at how it plays I had I mean the trading view feature where um you pay for the replay I I don't get that money I'll get that money I'll get that money yes I'll get that money so I want to know how do you go about your back testing because I'm back testing but I still have issues why do you back test so I back test to see what works for me especially giving my I don't know I think I react a way to the market when it moves especially in the trending markets but then I backed to see how Market plays out in certain I mean um I say certain time frames or certain times in the market here okay so first of all one of the things that I would just say if everybody is here and you are a Trader the thing some back testing is supposed to do something to your mind it's supposed to convict you okay right this down eventually it will happen yes this is what back is supposed to do to mind eventually it will happen the market is not new I always tell people that before I teach them about the market structure is the market structure is what you're about testing isn't it what is market structure Market structure is basically the combination of price and sentiments human beings emotions whatever you know that as I told you before you can never eliminate emotions entirely because we get emotional and the big boys also get emotional do you believe that the only difference is that when they get emotional it affects the market when you get emotional it affects your pocket the two that's only difference so at the end of the day when you start back testing you know the Market always does the same thing over and over again though higher highs higher lows lower lows lower highs same thing over and over again distribution accumulation mark up phas mark down phas same thing nothing different why is it then that you keep on always uh making mistakes still so psychology comes in what do I mean there are people here right now with Me That You Don't See fractiles in nature I promise I won't teach but let me just finish this you don't see fr in nature what that simple means have you ever seen people that you are showing them look at the clouds do you see the shape is like a dog they're like no I can't see it they don't see fractales in nature if you take that person to a smaller time frame they never going to see it because they don't see fractales it's a cognitive problem you know how people get born and they can't walk it's not their fault it's a deformity and it doesn't mean the person who can see fractal in nature is better than you have you ever seen autism cases that are very smarter because autism is just a deform doesn't mean that it reduces your functionality as a human being right but of course there will be some limitations so back testing is supposed to do something to your mind so what I simply mean by that is that you need to understand it is the back testing stage that you will get to know you understand the market understand your weakness understand your strength every single thing the only difference is that in the demo account the reason why emotionally you can't still take the same thing there is because both the market that you are trading and your emotions they all them all so when you take it to the life account it looks like as if you never bed a day but you looking for the wrong things do you see fractiles in nature if you don't stick to the four hours oh CLI how do I know the time frame I trade that I don't have to rush and answer you come on let's analyze you first what is your cognitive ability 1 plus one I want us asking you 2 + 2 4 + 4 8 + 8 16 + 16 32 + 32 you see that they have good cognitive function now the other person that may not be able to be fast does not mean they are down your cognitive is just different so now I need to understand okay your cognitive function is different a little bit does that make sense so during the back testing you are understanding all these things about you why is it that when I'm in the four hours I'm making money so now don't let sentiment and $100 wanted to make more money say I want to go into the smaller time frame stay on the four hours because during your back testing you realize you don't see fractals in nature so how then do you back test when you go in time on the replay on the trading view of course I know what you mean because you you only can replay on the free version on daily so on the 4 hours and the one hour you have to subscribe now that is where sacrifice comes in if you think back testing like that will help you you need to still find a way and pay for it so I always tell people this if you have ,000 and you put all the ,000 in your broker you don't understand trading you need to sit down and divide okay $200 will go into my studies for six months $100 will be for subscriptions after you have subtracted everything what is remaining is what goes into your brokerage if you put all a thousand without all these tools you will lose and come back again and wish you would have done it that way so if you want to start a coffee shop you don't just buy all the food stuffs and leave the chest where would the people say does that make sense so during part of your trading some part of the money that is in The Brokerage needs to come out and go into subscription if that will help you to back test very well so now you wouldn't know if smaller time frame you're good or not in back testing because you have not invested to back test in a smaller time frame does that make sense okay I'm glad that you all learning something so that is basically what I would say the back test is supposed to teach you technicals psychology your risk management to be able to understand your risk tolerance do you know your risk tolerance do you what is it do you know your risk tolerance not risk tolerance so you see a lot of times how do you identify your risk tolerance it's not by feelings it's not that oh I think I can risk a $100 based on what how old are you what are your conditions right now can you afford to lose $10 so in trading is not sentiment when you sit down as a business man and you do the numbers you will know that some of you guys need to cut off some things does that make sense so you sit down as a businessman with my current condition I don't think I can risk $10 per trade it the moment you start doing that you reduce emotions from your that is all part of psychology so he says something that risk management and psychology go together it is true trading Edge and psychology go together it's true but then the psychology is the foundation that building a house so it is what will make you keep on going and not quit eventually does that make sense so your your your back testing to me I will tell you that I don't know what strategy you trade what strategy you trade pure price action break aest pure price action you mean okay so you draw your trend lines your support resistance whatever I not so you know have it has this happened to you before you drew the area it broke and you said it will go there it looked like I it was not going to go then and eventually it goes there that is why I made you write that thing down in the beginning eventually it will happen so even if it's not going there now it's a lie the mindset of the market is doing something to your brain it's called inducement creation hitten is done by the market makers because they know you are going to lose because what the market is not looking for your money he's looking for your emotions he looking for your mindset if he finds it has found your money so if you want to make money you control your emotions and eventually you will see the propit does that make sense so that is all that I will tell you about B hopefully makes sense let's give it up let's give it up please for the sake of time oh just one more if you don't mind one more yeah okay so if I go for this no they came they they came here for for for knowledge try to get would you agree we should organize and get him back here again would you agree yes Mr C would you would you come back again we check the plane ticket thank you for the opportunity yeah um in trading we all in um support and resistance but then I came to find out about um psychological levels too yeah which I don't really have idea about that please elaborate on that yeah it's the same thing the psychology levels and support and resistance are the same thing the only difference between um the support and resistance that you are seeing now and the psychological levels is what you are seeing that moment so in order for me to call something a ceiling it must be blocking something in order for me to call this place a floor it means it's already visible and it's blocking something does that make sense but then if I have not made a floor yet I can basically this is where I want to put the floor when I'm building this house so it is a psychological area of the design of the floor it doesn't mean to exist yet but then when you look at for example when iPhone release their whole product they will sell some of the iPhones for let's say thousand something whatever so right now with Precision you can sometimes predict the range of the price of how much iPhone will sell their next Apple product it's a psychological price level that you are going to think based on patterns of how much you have priced over our things does that make sense but you can only know this based on the attachment you have about the assets a lot of people this is what I said on my social media and it came with some of a comment here I said if you don't know where X USD closed last week without you looking at the chart you are not trading X USD this all I said if I ask you how much you bought your phone you know the price so you should know the price of where you said you are a go Trader you don't trade go so one of the things I tell people sometimes is that in order for you to understand things like psychological levels you need to know the asset this is the mistake most Traders make and I'll tell you quickly and we wrap up number one if let's say you have been in the oil business for so long and you are you are into the fing station whatever and you come into the market to trade Forex why do you trade gold why don't you trade oil you already understand how the oil business works but the reason why you wouldn't trade oil because you think everybody is trading gbpjpy remember foral Fe of missing out hurting Behavior so you start learning something new that you know nothing about there was a lady in Dubai that she came to me she loves coffee a lot and she's asking me Cliff how do you trade Frankfurt and ask I said what do you like to eat she said oh I like drinking coffee I said let's drink coffee name me four companies that manufactures coffee she mention it e was niely I said that is it the reason why I trade NASDAQ is because I love Tech does that make sense you love coffee Trade coffee that is why the Brokers give you those kind of Commodities so you will find a person saying I blew my money with Forex you ask them what they don't even know what they said they blew but they blew with the Commodities Trad in Gold do you know there are two types of gold I'm challenging you to seek for knowledge what how many Commodities types that you know does that make sense have you seen them before we have hard commodity soft commodity then you you will sit down writing okay hard Commodities are this and this and that soft commodity that and that okay which one will I TR so these things makes you now become equipped then you start to know about the asset that you come for dat ah based on patterns if it breaks this level it will hit this key psychological level does I make sense it has not happened yet but you can predict it based on a pattern of breaking higher highs Kish please let's give it up let's give it up let's give it up one more last question yes sir last question thank you for the opportunity so my question is what would you do if you want to become a full-time Trader but your family is not in agreement does everybody legit question P does everybody feel the same way yeah yeah okay so that is a good question and I think that especially if you come from the the African home it's important that you also do honor your mother and your father if you want to live long how are you if you want to live long I didn't used to understand that you know when we are all growing up as you know Christians we just you know read the Bible and you know we don't really understand so but then some things are principles so if you want to live long and even see your profitable tra you need to honor your your father but then most importantly also they don't believe you that is the first problem let me talk to you for a second they don't believe that you are a financial Market Trader they just feel like you're are gambling because right now if you can tell them why Ghana economy is down they'll believe you so you see it's knowledge people will say I'm a Trader what do you know about economy if you enter into a country how do you know why a country's economy is doing bad why so now you tell them mommy there is something called or daddy there is something something called economic indicators when I enter into a country in the beginning I look at their GDP I look at their employment rate it tells me if the country's currency is depreciating or appreciating oh how did you know this based on what I'm seeing dollar against c will reach this why you said it that is what I do they will not respect you like a doctor so the reason why is because you sound like a baby not you but I'm saying in general that is how we all Ed to sound what do you do this Forex thing this Forex thing then they will think that you are joking around I'm a financial Market the what that means that I understand the economy of the country you speak like one remember your mindset you talk like one you dress like one so when they ask you about Forex you don't say like it's something we are seeing how it goes so they don't believe you so if you want them to believe you and you don't need to basically just force them to believe you talk like it walk like it make money buy gift and honor them mommy this is the first cash I've made from Trading thank you for every single thing you have done for you trading what is that ah that is the thing you have been in your room doing I thought you were scamming he said no I was actually trading so one thing that you need to understand is that they don't believe us they don't believe you when you don't sound convinced even yourself cuz imagine if they come out from the you come out from the room and they can see your stoploss from your face and they ask you what happened and they say I lost money you think as the love they have for you they will want you to go back and do that again so when you hit stop what do you do ah you got that right that's the answer that's the answer you smile you smile smile okay I think that is all correct Oh I thought you wanted to say more no thank you please give me it's it's really a privilege to have him here you are really blessed honestly we uh he he did us a favor for coming you a plane ticket you blown account plet please give [Music] it so uh let's hear from Mr abas please I just have two questions um as many as you can answer it I'll be more than grateful my first question is have you learned anything so far have you had any change of mind second how are you going to practice what what you have learned so far um I just need some response from I'll be shocked if nobody every someone here hasn't learned anything I'll be shocked wait let's start from Moses Moses what have you learned so far thank you I've have learned that when you hit a stop loss it means you have stopped a loss you haven't lost thank you give it give it out for him give it out for him who else who else big man what have you learned the fried rice okay please give it up oh my sweet ladies please what have you learned so far hey she shy oh please anybody please what have you learned so [Music] far his cognitive abilities high this guy so please where we are way behind time oh you want to say something clap clap clap clap clap clap the lady want to say something oh the Ladi they very special so let me give it to the lady we can hear you go [Music] Le she too much something oh please give give it up for her my are you single ah she's a sharp lady she's a sharp you know we don't have a lot of women in trading lot of ladies don't like to trade because of this emotional emotional thing you know understand and we are really blessed to have uh Mr Chona here uh before he leaves we will let him uh give us his I'm sure some of us here are not on his platform no do you know he spoke about environment you need to join the right environment to grow that's why BB Capital if you are here you are not on the bitbank capital platform you you are wasting your time and very soon your mom will kick you out of the house you understand so first join the bigben capital platform we are all over the place I'm sure so far as you are here you can get us on our on your social media channels you should join immediately and Mr Chona would okay I think Mr abas can help us would you like so that what what do you want the social media handles oh is is literally Cliff cliffor Chon or Cliff Chon yes the name um Chona is unique by the grace of God is is a name that I received and now it's legally my name he received it I just want to do justice to that so that you understand my original name wasn't cliff Clifford corner so I'm just letting you guys know so that it doesn't look like you know where did he get it from so it's now a brand name in my actual name in my passport right now so if you type Cliff Chon it will take you directly on Google wherever you will find it it's I don't think anybody has now for now yeah so Cliff cliff C h c h e q o n a we got it yeah all right please let's give it up for him once more e