Transcript for:
Trading Insights and Personal Growth

from making millions of dollars from the market to amassing a huge following online with hundreds of thousands of followers when people Journal they only do it on red days they're sitting there marking everything they did wrong on a red day yeah obviously you did plenty wrong because you were red when people have green days they sit there and say they did everything right they don't go in journal they sit there happy smiling and they don't name every red flag they did during that trade introducing more trades one of the only people to bounce back from a coffee Zill expose documentary and in fact going on to show full transparency of his trading performance with a track record and broker lugs coffeezilla came out and said nor stole signals from another chat back in 2019 then he recently made another video about me I offered him $100,000 to sit in a room with me and go through my broker statements himself what did he say to that he said I'm I don't understand how people get away with selling a course without having to prove anything to people it's all about what type of cars you have what type of watches you have what type of Lifestyle you're showing but the way to find out if someone's legit in the trading world as far as options and stocks live login you can't finess that you mentioned you would encourage beginner traders to be more aggressive in the exits a lot of people justify the exits but it's coming from a fear perspective of like I made a bit of profit I've been losing all week let me just take it how you kind of differentiating between an emotion based exit versus this is a true sign to get out the idea I'm speaking from is ladies and gents welcome back to another episode I'm joined by a special man he doesn't usually do too many collabs so we have the honor of having him on the show all the way from New York into Dubai and nor TR thank thank you for joining bro well there we go my man um so yeah you have uh quite a long journey in the space I want to say and uh a very prominent figure in the industry uh but I want to jump right in before we get into your life story and and the crazy stories that you've been telling me off camera um I want to jump right into just technicals cuz a lot of people are here to just learn from someone that's been in the industry for a long time made a lot of financial success and all of that started I know you have a lot of businesses and so forth but it all started with the markets so I want to get into a bit of your journey and beliefs within trading specifically speically how you view the markets and strategies let's say well completely different from when I started I used to have a lot going on on my screen but nowadays or the last few years I've only focused on divergency plays and consolidation plays those are my top two plays and that's on top of you know just looking at levels so before I even look at levels and and look at my charts to see where supply and demand zones are where the resistance and support levels are I look at divergency plays where what's stronger than the market what's weak than the market cuz you you're into Forex right exactly Y and the stock market it's a little bit different so I'm looking at the S&P 500 and QQ which is the NASDAQ stocks and basically how I look at it is I'll look at QQ as a whole which is showing me what the overall NASDAQ or technology stocks are doing and then I'll look at the individual stocks what's stronger or weaker against that especially because the stocks that I play daily are the stocks that are technology stocks such as Nvidia Tesla Amazon all those types of stocks and then after that that's where I start looking at technicals okay this is stronger than the market where can I enter where can I exit and that's how that's how I trade now so with the with the divergences you're looking at correlated things and then you're seeing you know if they're matching or not matching once you have kind of a direction I imagine that's kind of to overall know where the market should go maybe mid or long term how do you take direction to then entry how do you go ahead and execute on that direction so after I find that divergency for example let's say Friday which was 2 days ago uh the play that I took was smci on my watch list for example the 20 stocks that I'm looking at or the stocks that I usually have in rotation it's up the most it's up 6.5% the next one in line is say that was like 3.7% so it's showing complete strength compared to all the other stocks that I watch okay right there that's shown me one positive sign next what do I have to do I have to find any you know resistances and support that I can finally find an entry I'm not just going to take a new high or a new low things like that I don't do anymore I used to do when I became a Trader but uh I find support and resistance is on the bigger time frames so I start from either the one year or 4 Hour a lot of people say they start at the 4 Hour but sometimes when the market drops a lot you know you have to go back to the older you know time frames we have a lot of big pullbacks in the stock market I'm not sure how it is in the uh Forex but but you said you look at the one year one year time frame exactly oh so that's really high time and what are you taking from that time frame or the highest of time frames I want to get the bigger picture so I always start with with the bigger picture and then work myself down okay which I'm I'm not sure if that's what everyone else does like in the Forex it's a mix um but just the reason I'm asking is let's say you have a higher time frame analysis to say okay I'm going to go long and that's the trend I'm seeing or whatever reasons then you can have like huge zones like a daily zone or 4our Zone you you have massive um zones you could enter how do you go ahead from like a point of interest that is x amount then an entry that is a little bit sharper so let me explain it so like let's say I start on the one year right okay most of the time I won't find anything on the one year so no matter what I have to go to the smaller time frame and then the smaller time frame but let's say I find a one-year trend on the onee you know finally the stock is actually breaking out it's been you know on a downtrend for the past 6 months for example and I see it on the one year great now I see that it's finally possibly turning bullish but that doesn't give me an exact entry so from the one year I'll go to the 4 Hour okay can I find an exact entry on this chart maybe I can maybe I cannot maybe on the 4 Hour shows me a consolidation going on you know somewhere in you know an area range but on the one year showed me a broken Trend okay so then on the 4 Hour show me a consolidation okay I can use this consolidation for an entry either to the upside or to the downside if I can like a breakouts okay and those are like one of my favorite plays because in our world with options we have something called IV which is implied volatility okay shorter terms it means expected move right so if a stock has an expected move for the week with options $50 range right and the stock you know is consolidating as the days go on throughout the week where they're going to expire impl volatility decreases why because the expected move for the week is $50 but it's currently every day let's say Monday and Tuesday it's staying in the same range yes so it's no longer $50 that it's expected yes so the crypto bull markets is well upon us and with opportunities left right and Center why not utilize other people's money instead of your hard-earned money so introducing to you the world's first crypto prop firm bit funded and they've partnered up with an exchange to bring not only the world's first crypto prop firm but actually a prop firm that has an exchang like environment imagine as if you're trading on binance with all the benefits that prop firms bring with the leverage you can to have or hundreds of thousands of dollars in buying power utilizing other people's money so your total risk is just a couple hundred Max or as cheap as $79 and with the special offer that they have going on right now for you as a Titans of Tomorrow viewer if you buy two prop firm accounts you will get a third thir one for free so click the link below this video to head over to the bitf funed website and start to utilize other people's money to benefit from the crypto markets whilst minimizing your downside so it's kind of like the what I'm something I'm using is the average daily range so it's like there's no sense in me having a takeprofit level 100 points away if the average daily range for the last 6 months is 50 points so you're kind of taking an average weekly movement and as the week goes on however much of that budget has been used up the remainder gives you a relative strength kind of how much could it move so and and what's good about that for us as well is when that doesn't move much Monday and Tuesday impli volatility decreases meaning the contract prices decrease as well ohes so when it finally breaks up or down implied volatility shoots up so instead of getting paid for example 20% on your investment it won't just be a 20% move for a $3 move it'll instead be like 40 50% so you double what you're going to make on consolidation plays cuz implied volatility has been decreasing the whole time finally shoots back up so you're kind of seeing as like you you have a Zone from your higher time frames and then when you're going down to let's say 4 hour and you're in this zone now you're expecting it to go long any day now and it's consolidating and this implied volatility is like a a budget I want to say and it's like an elastic band you're just pulling it and pulling it pulling it you know got three days of the week left two days of the week left and then you're just waiting for that kind of let go of the elastic band and waiting for to come in I don't enter in the consolidation I never guess and I don't sit there in a couple day positions so the way I use consolidations is let's say the top of the range is 366 and the bottom is 343 okay and it's just been stuck in that range I'll wait till we get above 363 you know maybe a key level or psychological level at 365 allows me to have an entry there as long as it holds above 363 then I'll take that trade so I I want to ask a it might be a maybe an easy question but I want to kind of get a bit of clarity on how you are defining consolidation because some people could just say it's like a tap to the high a tap to the tap to low low and that but that could also just be seen as lower high lower low so how is it like two three touches how you defining it and for example people like to get a bit like into the specifics of okay what if it's like a support level but um each one is getting slightly lower but it's within a 10-point range how you kind of really defining trend from consolidation so consolidation the beauty of it is it doesn't have to be perfect right and the idea of consolidations is the longer it stays in a certain area the better the break you get so yes things can consolidate for 5 minutes that happens every day but things that consolidate for hours a day 20 days a week whatever the case would be those are the ones you can take advantage of and how I look at consolidations is let's say the first big push was up to 363 it comes down to 340 pushes back to 360 not 363 comes back to 343 as long what I use is the highest point and the lowest point I see for for for my entry at least this is what want to get into like let's say you have four touches you got a great consolidation has been going on for a few weeks but uh it break starts to break out but it broke uh the most recent high but the overall high of the Zone it didn't break yet so how do you know that's like price is not just bouncing higher into the consolidation versus a breakout are are you waiting for like a clear sweep like it takes everything out that's why I said before if it's a 363 level I'm not just going to take it at 363 I'll wait for the next key level after that for example if I know you know my supporter resistance at 365 mhm consolidation breaks at 363 I won't take it till we break 365 so I use every extra confirmation I can take before I get into a trade and let's say as price is doing this breakout and it's starting to hit this 365 it's now coming to your appropriate level to say yeah this is breaking out are you looking at other things as that price action is going up for example how quick it's going up or uh maybe some sort of indicators volume to kind of say this is a real uh momentum move with that elastic band in ology versus like a fake out correct so all I use is tape there I don't have anything on my charts but tape and my own algo and when I say my own algo it's none of that weird stuff my algo just creates trend lines on the screen that I may not see with my eyes okay so it's something you know extra that I use on my screens so what I do is I only use tape right which is times and sales level two volume and then I love to look at options volume cuz it shows you where the bigger whales are coming in that doesn't mean I'm following whatever contract they're getting into you can just see where the momentum shift is at so for example the average volume you get per candle is like 40,000 you finally have that breakout I want to see 150 200,000 per that per volume on each candle after that then I'm going to look at the contracts are they also entering on contracts because contracts are higher risk so they're just not going to trade options just because it's having a small breakout so you don't see the increase in options just for a normal breakout you see it for the bigger moves that are more to come interesting and I can see it also on the tape where it'll show me okay orders are coming in for 2,000 per share 5,000 10,000 and then I use those to my advantage to see that it's actually having a momentum breakout is there a way to kind of decide the difference between aggressive buyers versus like passive buyers or just how sellers are interacting and to get an overall feeling despite just the order number 100% so in our world we have something called option whales um unusual option activity and basically we can filter it to see where the bigger orders are coming in mhm sometimes you get no activity like most of the time you get no activity the day where people are starting to come into this stock and come into this you know trade which is like the bigger time frame trades that are going to last for a couple days you start seeing them pick up on unusual option activity and then also on times and sales for this for the stock so in times and sales let's say the passive buyers like you're saying or the passive sellers they come in certain areas and they kind of stay in that area and just continue to buy at you know a regular or the normal amount that they've been buying and you don't see big fluctuation in a th000 shares 20 shares you see them you know 500 400 500 400 and then when those big orders come you'll really be able to tell cuz you can filter it and mine's filtered at like 400 shares minimum I don't want to see one or two orders you know anybody could be doing that and then you get those big orders on times and sales what about the difference between like the pending orders that you can see that are getting tapped and triggered versus like orders coming in like Market executions is there a story that you can take from from that yep and that's where I use level two so for that case where those orders have already been sitting there either on the top side or the bottom side there's something that we have it's called book map book map is like a heat map showing where orders are lined up for the day so I can already tell as like pending orders correct so why would a institution or big play let's say big players why would they want to put in an order knowing everyone else can see it and kind of front run them or um you know Target the or whatever versus like just coming in Market execution where no one had the heads up is there a strategic reason they would do that so you have to remember when these orders are pending these aren't just these aren't all-time highs or alltime lows because no orders ever took place in those areas right these are previous orders either set for take profit or have set for stop losses for example let's say covid right how many people got stuck at those highs how many people got stuck at those lows those orders could be pending for a year year or two at those time frames you get what I mean so you never know where those pending orders are really coming from but sometimes you have $100 million sitting at one level and I see it regularly now on Nvidia Tesla the volatility and volume have been absolutely insane lately so let's say somebody bought a while ago and his uh stop- loss is is here let's say correct when his stop- loss is getting triggered that's going to show as a sell order but somebody else could mistake that as thinking oh someone's getting into the market to heavily sell here so is there a way you could say this is a stop loss takeprofit level versus a actionable like he wants to get into this trade is there a way you can see the difference yes so on times and sales if for example let's say most people trade on thinker swim in in our world which is part of Charles Schwab now MH on Ed in sales people think green is buying and red is selling but for every buyer you need a seller and for every seller you need a buyer there's no transaction unless you have both parties there people don't understand that so they think okay a bunch of green orders all the buyers here I understand it's not what it is what green means on thinker swim on time and sales is they're buying at the ask meaning they're paying at the highest possible price that's available at that very given moment red means they're selling or buying at the lowest possible given price at that very moment either way there's buying and selling at both points but it shows me on that screen where there's selling and where they're buying so for example uh your question was can you tell if you know the order was sitting there are they trying to hit their stop they're trying to take their profit if they're being aggressive for the buying side and it's hasn't been sitting there they'll be it'll be green if it's been sitting there it's going to be red because it's at the lowest point for example B an Ask exactly okay so that's how that's how I look at it when I'm looking at the downside or the upside mhm very interesting would you therefore say that your book map your level two would be more important than just straight up technicals 100% I I I honestly don't even need to look at a chart to trade and I I've I've hosted you know multiple events where people can come watch me trade live in person students love that so they come they all sit in a room I put it on the big screen and we did a day where I said yo today I'm not going to use any charts at all and everybody laughed and I was like okay let me show you and then I literally traded that day not using any charts just times and sales level two and and volume that was it very cool I want to get into then how you're using both because even though you're saying you prefer one you do end up using both so let's say we have this consolidation we've spoken about how you define the consolidation you confirmed how you see the breakout of it now you're coming back for this test to let's say I'm going to go long I've seen the breakout I want to come back to the into the zone of consolidation within that um let's break it down from like a Head and Shoulder test of the neckline kind of view when you're testing the neckline you're looking at the top of the range so you just want to see a bounce of that but then you could also see a demand area and that could just be a the last higher low that made the higher high you could have a Fibonacci level you could have a EMA a trend line like within that um top of the range to consolidate bottom of range there's plenty of levels you could get in and also on the other side like when price wants to fly it might not even come back and do a test is there a ways you can use your level two to kind of understand okay I'm going to have a deeper trement let me put it on a on a trend line tap as opposed to the top of the range or this is very bullish right now let me find another way to get in on a lower time frame consolidation how are you seeing that uh likelihood of getting in uh based on the test so so what's funny is I don't use any of that stuff like heads and shoulders okay when I first started back in 2016 I used to love all those things Head and Shoulders honestly I don't even remember the rest because I haven't used it in a very long time why did you move away from all of that it's too many false breakouts there's too many false moves cuz a Head and Shoulder can just turn into another you know another high right after that I don't want to have to deal with stuff like that so my goal the last I would say four years since I've dropped out of college which is 2020 okay it has the been the most simple I've taken trading ever so my first four years from 2016 and 2020 I made it as hard as possible for myself and I've realized the last four years I've kept it very simple like literally when I say simple it's not about being easy it's just about what I use for confirmations versus what I used to use for confirmations now I I sit there if I'm not going to take a trade I used to take like 10 trades in a day scalps just in and out in and out in and out yes I made money with it but now I wait for that one big trade that I can see on the tape whether it's showing me on times and sales whether it's a big consolidation play on the bigger time frames or a big divergency play for the day for example Friday smci I caught a 60% play on that right and that's a big play for options within a couple minutes oh you get what I mean so you don't really get that every single day I like to wait for those now and for me to catch those without being distracted from the little things I would say I would call those things is I have to focus on being patient and sitting and waiting for those Divergence Divergent and consolidation plays I don't use Head and Shoulders what other patterns are there well there's all the breakout ones again I'm not using them but they have the flags you have the exactly oh flags are great bull flags and bare Flags I use those because all it's really showing me is you know just a normal pullback healthy pullback and then it's just coming back but like uh like the there's a bunch of things like the W the M yes but I want to kind of mention and and maybe this is what you've done is people that take the patterns they take them literally like this pattern is the reason the market is moving whereas there's reasons the Market's moving and it just happens to look like the pattern so rather than focusing on the pattern maybe just focus on what's the meaning behind the pattern which is the level two stuff you're focusing on and the thing with the patterns like you're saying is people think every single W pattern or every single Head and Shoulders you take it is precise to the way you trade and precise to what else it's showing you it's not just about another heads and shoulders and another W on your chart and I believe like that's the problem like some I can't even have conversations about trading anymore with people cuz yo look at this look at this I'm like yo what the hell are you looking at like I I don't look at this type of stuff and it's just crazy because everybody who's coming into trading are very excited to trade so they want to catch every single thing possible that they can and and the problem with that is every form of Head and Shoulders they see every W whatever other patterns they just want to take it it's very precise to the way you trade and what else you see with that pattern that's how I look at it so I have a slogan of the channel of of both my main Channel and even the journals that the XO is giving it had the the slogan which is a restricted Trad as a profitable Trader and I think that I can use that sentence to describe what you've done which is you had like most people you come into the industry you want to learn everything so you just buy all the courses you see all the videos and then you end up with all these things you can do and then you start to trade them all and then you realize okay today I traded a Head and Shoulder this day I tra a flag this day I traded a breakout this day I traded Market structure that if you have a million ways to look at the market there's always a reason to get in but then as you're saying it's like it's cleaning it up not necessarily simple because it's still requiring a lot of you know understanding it's more just less cluttered you just need to if you have 100 things you could trade let's focus on the best five and then that brings me to what I'm also doing which is you got to find the trade of the day and the way I'm defining the trade of the day is you can ping pong all day long sure but uh are those worthwhile rather than save save your bullet for like the best opportunity and uh you know wait for the momentum wait for the the volume to kick in I want to use that word momentum so when you're coming out of a Zone we were talking about the um the price action uh view of it but then I want to also get into momentum like is there a way you can see for example in price action you kind of see exhaustion through like consolidation th slow price action whereas you I would see momentum as like large bullish candles with you know not really retracing but now that because you have the level two are you able to see as it's breaking out if it's going to break out or not let's say is reaching the high of the range it's starting to exhaust so um maybe you can sell back into the range or I'm seeing it's coming quite aggressive maybe I get an early entry and then save the rest of my position for the test uh and get my full position on the test but this is kind of a bet to say if it doesn't come back because I'm seeing it's very aggressive at least I got something in are you doing anything like that so yeah that's a lot to deal with fomo as well we get that a lot we see that on the chart but what's cool about you know trading stocks is things are going to be over bought and a lot of people like to use for example RSI which I used to love when I was a kid relative strength inex tells you when things are overbought or oversold but you quickly come to find out RSI is pretty much always wrong right when stocks show it's overbought it moves another $5 you know what I mean so how I look at things and when I do enter on things that I've already have momentum and then I'll tell you how I look at momentum is if things already have momentum and I was planning on getting into this trade before it had momentum let's say with 100 Grand that trade I'm going to have to take with 20 or 30 you know go in with 20 or 30% of that position I originally had thought because it allows me if it pulls back to where I originally wanted for the retest for example I'll be able to add some size to this trade and allow it to develop on a longer time frame so out of the dozens and dozens of prop firms that exist in the whole Space who can we really trust whether they use slippage whether they use types of draw down unrealistic trading conditions every single prop firm has hidden tricks so after thorough research and speaking to a lot of Traders Alpha capital is definitely the best prop firm in the space so apart from there no commissions low spread no slippage great reputation never denying a payout because you are a Titans of Tomorrow viewer you get a special discount on every evaluation just using the link or using the code to for Titans of tomorrow that's one number two is the way I look at momentum and and how I follow it when I'm trading is I look at level two so there's the bid and then there's the sellers right the ask mhm which is the buyers and the sellers how I see the exhaustion that you're asking I'm not do you guys have level two no in Forex no which is why I'm curious about it because I want to understand how much of a game changer it is exactly so we can see where the buyers are willing to buy at are they coming up to the sellers price or are they staying in the same area where the sellers have to come either meet it in the middle or come to the buyer's price because if the seller has to come to the buyer's price that's showing less interest than obviously before when the buyers were chasing the sellers price I see okay when sellers know they have the buyers you know at a neck you know or a choke hold the sellers say okay you're willing to pay this price let me try this price buyers come up sellers see that the buyers keep coming up to that price let me hire my price and that's how you see the momentum and once you see a Slowdown where sellers aren't raising their prices fast enough for the buyers to come up where it's just chasing that's when you start seeing exhaustion on the chart and then things start either you know staying in the same area or instead of moving a dollar per candle they'll start moving 30 cents per candle which is kind of your first red flag yes so actually with this level two you could see the same identical price action but behind it two different pictures completely correct okay and are you using this more to say um knowing when to get in and size in or is this more as a defense play of like I know when not to get in correct how how you using it I'm using it while I'm in a trade for one very very important while I'm in a trade because I know I should keep holding keep holding or or get the hell out you know and and when I'm in that trade the reason I got in for example let's say the momentum trade I'm looking for the momentum breakout and I get the push I'm up let's say 15% but I'm looking for the full Target build a lot of people think if you go into a trade with a one to2 risk or a one to2 or one to three reward to risk whatever the case may be you have to stick to it while you're in the trade I understand sticking to your targets and I understand sticking to your stop loss I will agree that you should always stick to your stop losses especially as a beginner Trader for the reward side as a beginner Trader you need to make adjustments while you're that trade and that's the problem students failed to do is they want to just leave their trade going till final Target and if you're not scaling out it doesn't make any sense because as your trade develops and as you get into that trade things start to change right whether the overall Market is decreasing and your stock is not showing any more strength or your stock isn't showing the same green flags that it was showing before now you have to make adjustments while you're at in that trade whether that means sell some to size down in that position or just get out the trade and and people fail to do that because they don't look at the red flags and my goal as a Trader when I'm sitting there is to look for as many red flags to tell me to get out this trade rather than green flags I'm not sitting here and saying okay show me all the signs to get in I'm sitting there showing me and asking the stock show me every sign to get up yes and that's my goal as a Trader because if I look and be biased on my trade M I'm going to have to deal with either hitting my stop loss every single time or or going into green and then going right into red and I don't want to have to deal with that so my goal is just sit there and look for every negative that I can find and you mentioned you would encourage beginner traders to be more aggressive in the exits like scale out early How would how would you let's say for them to just understand what that truly means because a lot of people are exiting they justify the exits but it's coming from a a fear perspective of like I made I made a you know I made a bit of profit I've been losing all week I made a bit of profit let me just take it just to kind of be like I got to win even if it's it's a very very small win so they'll be like and then they say okay well any reason to exit so okay I'm seeing something but you would see it from a experienced lens of like well that's not a true reason to actually exit how you kind of differentiating between an emotion based exit versus a this is a true sign to get out exactly that was a great you know a topic because the idea I'm speaking from is looking at the actual trade the idea you're thinking of is okay I've been losing the last 3 days let me build or let me get some something back really quick and how I look at at it is a lot of people when they're trading is they're trying to basically make back their losses or they're trying to basically grab something back so they can say they won something and my problem with that is it's how their stop losses are set versus their take profits cuz if all your stop losses let's say are 7% I don't I'm speaking from the options World 7% 10% but then all your take profits are 6% to 8% how do you expect to to make for crazy win rate yes exactly so you have to have a better win rate than you know or a great win rate versus you know your wins versus your losses and that's the problem so when I see people yo why are you losing oh I hit my stop loss I hit my stop loss what's your stop loss looking like 10% what's your take profit looking like well I had to take it at 8% because I was scared so why aren't you scared on the stop losses and take it at 6% just like how you take it on the green trades so it has to at least be equivalent for you to make any money in a longer you know time frame you get what I mean yeah there's that saying of people are hopeful when they're in draw down so they'll keep moving the stop loss but they're fearful when they're in profit cuz the think is going to reverse so it's just a complete mindset shift so I was interested to kind of see that typical beginner Traders mindset how you can make it a almost not a science but like a smart decision versus a emotion with a bit of cope to justify it so let's say you are in profit and it's coming to one of your levels that you would say Okay I I might expect a rejection this is a Zone I'd look to get out on you a lot of Traders including myself I just exit but I've also spoken to a lot of traders that wait wait for the level wait for the rejection or if it's blowing through and then that kind of gives them indication of okay I've seen the rejection I'm not getting as much profit because it came back a bit but I got the confirmation but on on the other side I know when to hold it and those those pay off for those missed uh kind of things how are you getting into those zones and monitoring rejections or worth holding on to so just something to add on that one of my employ es all my employees are Traders from stock hours that became employees it's just very easy to deal with people like that fair enough Frankie his name is crazy uh when he started working for me or started stock hours he was living in a trailer now this year he's going to make roughly 220,000 from Trading wow in a matter of four years this year alone he's going to make 220,000 you would look at his trading and be like yo what the hell is going on and and especially from your perspective or my perspective he gets in and out like this okay so he's in and out so for example I get into Tesla at 34990 he'll get in with me but then he'll sell at 35050 that's a 60c move I'm looking to hold till 353 354 355 MH and you look at that and be like in and out why you doing that like you don't want to give it a shot his idea of trading and what he's been using that works is he basically has a one to one and that's frowned upon in the trading world you know people look a 1:1 you need a 4 to1 whatever the case may be M but his stop losses are so perfect he's right more than he's wrong by a lot so for example out of 10 trades he'll be right at least seven right mhm three losers out of those seven times he's going to take a 10% profit and his stop losses will be 10% so he'll lose 30% Mak 70% so if you're doing that consistently with let's say a 10K position size right 10K position size that means you make 1K per right trade so that's $7,000 versus 3,000 you'll lose on he ends up with 4,000 at the end of the week and it works for him every single week and and what's cool is everything's logged into trade Zella so Umar could verify every single trade and I verified it too because he posted in stock hour so I have to make sure it's real and it it shows you the way you trade doesn't have to be like every other person just because you hear someone like me come up and say I I didn't say it but let's say I come up here and say it has to be 3 to1 there's people like Frankie sitting there taking one to one trades throughout the whole week so I understand it's always a ratio of like win rate to risk reward and the higher you have one the lower the other and so forth but there's another angle that I want to take this which is the break even because you can certain traders that I met is like it's either take profit or stop loss and they don't do Break Even because they want to give it room to play and so forth I've also SW to a lot of Traders and I'm more on this side which is I want to break even as soon as possible cuz there's always another trade so I can a thought I had was to myself a healthy system has more break even trades than stop losses because if you hit Break Even This oh well it's absolutely fine but then you also give yourself an opportunity to kind of get in a bit more aggressive than others would um and then you kind of play the risk reward game on those aggressive plays but your worst case scenario is if you break even super aggressively worst cases a bit of profit comes back to break even now the cost of that is well lot of good trades that played out you miss cuz it just tapped you break even and went but I see that as a price worth paying how are you seeing your approach to break even or maybe even Frankie's approach of kind of quick moves uh and locking in relying on high win rates correct so I agree with you with the break evens it's a little bit harder for us with options because there's time Decay oh yes so my break even versus your break even yours might be exactly break even mine might be a 3% stop loss right ah so my % stop loss is still amazing on a 50k position you know I was expected to make let's say 15,000 on that 50k position on that 3% I'm only going to lose let's say if if anything 1,000 bucks $1,500 whatever the case may be not the exact 3% position wait just to clarify so the way I would define all of these things is let's say I have 100K account I'd risk 1% so my stop loss is 1% you're saying three and seven and so forth this is 3 and seven not of your account of the of the position size of the position is there ever a scenario where um for example when I get a position I'm like I'm willing to lose $1,000 on this trade and I'm willing that to go to zero you would never let your position go to zero no and and and if I if I see that in the options world I just know that that Trader can't trade like it's not the same I'm not sure how it is in Forex but if you see anybody doing that in the options World they are either extreme degenerates not making any money or they have no idea what they're doing it doesn't work like that for us okay you get what I mean cuz people are trying to go for the home runs and yes in options it's crazy you could have a th% gain or 500 how many trades do you need to go through to blow $1,000 positions to zero to get that 500% trade for my Futures Traders or 20% of the audience that is us-based I have finally something to bring to you and that is Alpha Futures a leading Futures prop firm that is working with trade of8 and ninja Trader that are compliant with CME regulations and with the largest end of day balance draw down in the industry 90% split same day payout and with the most compe prices starting at just $79 with 20% off on top you can get started right away with the best value with a company that you've seen for years that you know and that you can trust so use the link in the description or code to to claim 20% off your futures funding accounts man I always say this just to kind of touch on social media that as an experienced Trader in in the in the space you're in in the Forex side that I'm in when I see someone posting a winning trade and they're happy and whatever and even their followers are like this guy is a legend I'm kind of analyzing that trade and thinking if that if that in my opinion is a crappy trade then I know okay that today was a win but if you play that out 100 times it's more of a losing it's a low quality trade so you kind of judge someone on their winners meaning say you should also judge yourself on winners to say like okay okay today's outcome was a win but don't let that be a lens to kind of mask the fact that this was a bad trade or sometime you take a losing trade and you kind of I feel bad about it and if it was a worthwhile 10 out of 10 trades take it every time okay it's part of the plan you you judge yourself on that how do you view uh wins and losses especially now that we're on the topic of like people in the industry especially on your side in the stocks and options so like first of all I say it every single day when people Journal they sit there and they want to write down all the things they did wrong they only do it on red days facts you get what I mean like they're sitting there marking everything they did wrong on a red date yeah obviously you did plenty wrong because you were red but when you're when you're red it doesn't automatically say you did something wrong it also means maybe the trade didn't do what you needed to and that's kind of the whole point of trading adjust when things don't go your way and when it does go your way take full advantage M when people have green days they sit there and say they did everything right yeah and they don't go in journal they don't go in journal they sit there happy smiling and they don't name every red thing or every red flag that they you know did during that trade and that's the problem as far as other Traders online um the goal is to show how great you're doing right people whether you're new people who sell courses people who sell sell anything online they show you the the good and the great of the trading side so that you could feel motivation to either sign up for the course you know new Traders want to flex on their friends at school it's it's a full 36 it's a ego thing validation and what's crazy about that is I stop posting my year-to dat p&l and my monthly or daily p&l I do it maybe once or twice a month and it's mostly when I'm red because I like to talk about those days okay if you look at my history me and Umar have been like the only person on the options you know World posting live logins on TD you can't fake that it's with a phone it's not a screen recording I don't do screenshots and that's why I have no friends in this industry they all hate me like I I can't sit in the same room with other Traders I want to say you know from the outside looking in the US is probably the worst when it comes to the the guru scene is is particularly bad why do you think um they get away with that want to say because we were mentioning a few figures off camera that if if they do a scam I would imagine their reputation is over but then 6 months later they're doing the same thing again and then it's not like they've been doing it for years and so of people just get away with it and how would you advise newcomers and the reason they get away with this cuz they just get new followers so the old followers they're not going to buy anymore they know that the scam or they get a new car new car new marketing St whatever so there all these new eyeballs they don't know what happened 6 months ago and it's just a rinse and repeat mod model but in a complete scammy way how would you have cuz you've been in the industry for a long time you've seen everyone do it you probably have a better read on who's legit and who's not how would you advise newcomers in the industry to kind of navigate who to trust and let's say top red flags to just if they're doing something like this like you said if they're risking 100% these little things that like these are ways for me to decipher let's not trust this person let's not listen to this person so in the stock and options world it is the easiest thing in the world you can literally ask for a live login ask them for no screenshot I don't want a screen recording and I don't want you on Google Chrome use your phone ref why not Google Chrome cuz they do that backend stuff where like you could like yeah the inspect element in element we me and Umar actually called someone like that it was a female Trader I don't know if I can say the name but Mazi trades so Mazi used to be umar's student and she did the inspect element that was the first time we ever knew you could do stuff like that I guess the way to get around is you if you have to refresh if you refresh the play they inspect exactly I mean people find tricks A Million Ways there's a million ways but on TDM trade you just click through the website and you can literally go to your statements and and refresh the page show all your trades and people don't post that so I don't understand how people get away with selling a course selling signals without having to prove anything to people it's all about what type of cars you have what type of watches you have you know what type of Lifestyle you're showing I don't even post the cars that I buy anymore the the last car I posted was the lambo I got from my brother the watches I don't post anymore it's just it attracts the wrong attention anyways the people who look at that and want to be part of something are coming in for the quick access okay let me let me be part of this so I can make money as fast as possible that's the problem with the trading industry but the way to find out if someone's legit in the trading world as far as options and stocks live login you can't finesse that have you found that even when you are doing the the live login and going above and beyond to to qualify yourself I found that the more go down the rabbit hole of proof the more they ask the more they target you where it's like okay I don't believe that let me see more let me see more let until they see your bank account then they'll say something else like do you sometimes feel like it's a never ending Chase and then you feel internally like why do I have to justify myself do those thoughts creep into it was never about justifying myself I just always wanted to be the best and since the very beginning I've been doing it um and the idea was to show like I'm one of the ones you know what I mean and I'm I'm one of the best to do it and it was never about justifying it because no matter what you have the comments that say it's fake you have the comments that say what about this you have the comments about this then you have people like coffeezilla right and then coffeezilla makes a video about me never scammed anybody in my life never did anything bad my my name is extremely clean nobody can ever say I ever did anything sold anything sold a course nothing like that coffeezilla came out and said nor um stole signals from another chat back in 2019 okay right so I sit there and in 2020 it was like a scary thing cuz I was a kid and and it's like all these comments 2000 comments but at the end of the day nobody was posting any live logins just like how I was doing it then he recently made another video about me same thing I was stealing signals back in 2019 so he's going back to the same idea but he can never say I never traded I offered him $100,000 to sit in a room with me and go through my my broker statements himself cuz he knows TDM trade it's everybody knows in America what did he say to that to what coffeezilla yes he he he said I'm scared for my safety I was like I'll pay for security for you to come and sit down gosh okay and he still didn't do it his Cilla gets paid to sit in a basement and make bad videos about people but he can't say I ever did anything bad stole anything scammed anybody it was just the fact that he said I I stole signals back in it's an interesting topic because in the net result of coffee Zilla is a positive he's exposing bad participants and somebody should do that and the fact that it gets virality it means just spreading the word but he also has a responsibility that sometimes people get you you misunderstand something or and you got to give the people a shot to to justify themselves say hey okay this is this is all the bad PR you're giving me these are all the accusations this is all the defamation this are all your opinions let me show you some truth and instead of just saying trust me it's transparency over trust let let me let me show you it's interesting he didn't didn't give you that um opportunity but overall he is doing something cleaning up in the space the question I want to ask is there's plenty of people who can find an easy target and say I can I can press on that guy's reputation and I'm never going to any get any Kickback and it's a big name too it will go viral why do you think he specifically chose you cuz I don't think he's done too many Traders or specifically stock and options Traders why did your name call his attention well 2019 I was one of the only ones I see you get what I mean the most recent one his friend came to my house his name is Spencer Collins I believe okay he basically investigates every audit you can call from coffeezilla he'll go see them in person that's the difference he's the backup exactly so coffee Zill makes the internet exposing Spencer will say hey I want to come do this video with you maybe you could show the audience something different cool so I said come I was in Miami I allowed him to come watch me trade live I allowed him to go through my computer and and look at my statements I showed him everything in person Spencer then made that video and got posted on YouTube and basically said coffeezilla was wrong coffeezilla gets mad and makes another video so there's been three on you it's been well actually there's like four now cuz he just kept making videos after but he was mad that his own friend and he called him a traitor came to my house and ex and basically expose coffee for being wrong look I mean in in general I like what coffee is doing but then if if you're seeing if you're seeing your friend trying to go and seek the truth and that's a traitor that's not a correct way to to look at things I mean now this wasn't the area I wanted to say the conversation but now that we are here how would you like the situation to resolve or how are you looking at it how you looking at him and and overall your your reputation I know in general I know you you've done good things and you know that but there's another thing like the world the people talking maybe even your family hear about these things how are you navigating it now after let's say four parts of this well it's it's it's over nowadays you know I'm in the most humblest way it's like I've I don't have to ever trade again anymore you know the amount of businesses that I own outside of this I've been doing this for8 years now so you can imagine the type of comments I've ever gotten you know throughout my whole career you the thick skin so another video like this is actually more entertaining like something different in the CH I can respond to it have fun with it and it brings more light to me anyways and it's only benefited me in the long run anyways to be honest like he has an agenda like he knows that if he's going for the big names and he's going for the controversy and you get four or five parts out of it well that's how his channel is made but I'm interested to know like in the first instance he makes these shots at you and then you come in and show a on a regulated broker you do a live login once you've been doing that and making a habit out of that is he not addressing that or is he turning a blind eye to that very obvious elephant in the room yeah he he's still the only thing he's ever said about me is I took signals from another chat when I was 19 years old so he says the statements cool great like he said that in the video he said what about 2019 I explained to him in in the video over and over again but he doesn't want to he just wants to shed the light on all the negatives so he can have something to show his viewers but he has never said anything other than that like if you watch his videos it's it's just based off that sometimes it's just a scapegoats and people don't want accept that wrong it's fun though like you can't be mad and it and especially if you know yourself or if everybody knows who you are it's just another video right you mentioned that you've been in the industry for almost a decade now you've used the markets as a vehicle to generate cash flow and then put it elsewhere I think a lot of young Traders look up to that and that is the dream like I don't think Young Traders think I want to be trading for the rest of my life so first question is will you be trading for the rest of your life and second of all to the young traders that are seeing your Life Path of like using the markets of business how have you been doing that using your cash flow so I always told myself first of all like whenever I hit 500k a month residually I'd stop trading okay and then I finally hit it wow okay and I didn't quit trading there's just no money in the world that comes in like trading residually you're talking about like from other business like property rents and not like that no properties I have 19 properties but then I also have the dispensary I I didn't mean it like residually like just properties but I also have dispensary I also have the car rental business and then I have the hospice business out in LA and and these are requiring your time effort attention or you're saying passive and residual cuz you got teams setting up it's Tak so like for example dispens businesses how they work is the Growers take 30% of the business okay so basically they sit there they help grow the you know whatever and then they they help you know run the whole dispensary for 30% of the company right right there rental car business you have people who are just taking calls bringing the cars all that good stuff the hospice business is just basically another you know practice where you have employees you know nurses doctors whoever and they take care of that hospice for you so all those things maybe I'll get a phone call here and there throughout the week but I don't have to do anything why did you decide to take uh the equity route into businesses that require a lot of cash I want to say like the car business is you you need a lot of liquidity to buy the to buy the luxury cars same with the dispensaries I'm sure it's a high barri entry when the alternative for most would be okay the moment I have this liquidity instead of me putting into liabilities in terms of a car which you're making a asset through a rental yield but mod say why not put it into a more traditional bonds into the stock market longterm into the S&P into property why have you chosen this more risky I want to say because it still requires a your ability to run and scale a business correctly uh not just like be a landlord which is a lot easier why did you take that route so I I love long-term trading and actually in 2021 was my best year I made 6.5 million just from holding my shares all documented all live you know screen recorded Live recorded my phone beautiful the every step of the process and it was a very big year after Co because everything went from lower the lowest point possible to the high you don't have to be a genius to to make that type of money I used margin at the time I used a lot of my net worth actually most of it to get into longterm and I left a little bit for day trading that was the biggest come up I've had ever in one year because it was day trading and it was my long term after I made the long term I walked away and I actually walked away at a very good you know time in the stock market because 2022 it it got very bad I took that money in 2022 moved to LA not moved but I stayed in La based myself out in La that's when I got into the dispensary business and you said that takes a lot of cash but it came from the long term I see and the long term I spent $2.1 million just on that dispensary oh that's a big end without without debts yeah you can't Finance stuff like that oh yeah of course yeah cuz it's not federally legal yet and then car rental business a lot of the cars are leased so it doesn't take too much but yeah there's there's still cash involved and the hospice business costs about 150 to 250 per um practice that you have so I took the money from day trading went to longterm from longterm to these businesses so it was a full rotation before it got to these businesses and what is the plan after that let's say this is something I speak about a lot by the way which is uh kind of how to go from 0 to 10K 10K to 100 100 to a million million to 10 and and there there on and I usually say like the Z to 10K just get a job like the trading is a bit risky you have downside but there's no downside in a job it's just your time but then once you get to the 10 20K now you got cash to educate yourself to go with prop firms to just build I think trading is a great way to go from from that say 10K to 100K to maybe even a million when you start to get to this million and above there is I want to say your anomaly there's not too many people that can come and say I've done X amounts of millions in a year I know you Omar and a few others have but that's not the normal landscape and I I think it requires a lot of Capital it requires a lot of in Psychology but it's a lot easier to just have some easy cash flow business and then it gets to like the harder businesses which is more like an Omar is doing with Trad Zella well the way he's doing business with ass SAS with the team with the tech like that's a very complicated business but he's not going for cash flow he's going for valuation and a big exit and a you know industry moving product as a Trader it's very simple you have to find an edge and then you have to have a mind so you can follow that edge but how do you know if you're performing correctly or not you have to know your data and trade Zeller is going to show you everything that you need beyond the surface level win rates and performance and Equity curve it's going to show you detailed reports it's going to be your back testing tool strategy testing tool playbooks notes and it's going to be a full Journal it makes your journaling easier faster and more meaningful whereas if you were just documenting on Excel spreadsheet or taking screenshots on your iPhone you wouldn't be able to pull out the data that you need the correlations that the AI within Trad Zella is pulling out for you there's so much variety and utility within the software that I think it's essential for any Trader so the link somewhere below is going to take you directly to the Trad Zella website I'm not getting paid this is for you if you want it if you like it go ahead and explore it and probably you'll be using it for years to come um but that's not where you start so it's very easy for a guy who's at zero to kind of say okay this is what Norah does this is what Omar does this is what wakara does let me skip to chapter 10 or 20 but there's kind of a sequence so you kind of explain your sequence into today which was uh relying on the markets of Casa to put it into businesses uh some rentals what is the next play after this to kind of well are you even chasing another net worth ceiling uh do you want to get to that nine figures and Beyond or what is that life after the market and in cash flow Investments so just a quick overview the number that I got to today I never thought I would get to I always thought a million dollars was very possible and as a kid your goal is to make a million dollars and it's just a million Y and to get to a million it was very I would say easy and it sounds crazy to say stuff like that because they say the first million is the hardest but in my case I dealt with maybe a different journey and my first million was the easiest everything after that though was grind and it's it it it sounds inverse mhm but I went through the craziest mental breakdowns the craziest downside to get to the point that I'm here and but they they came bigger after the million was made because everything becomes far more important the downside risk that you take no longer are $2,000 it's $200,000 yes and yes it is proportionate to your net worth but it's a very big struggle or fine line between dealing with it when you have nothing because you already had nothing at the beginning versus you have everything quote unquote couple million dollars and now you're starting to take bigger losses and the biggest struggle I ever dealt with in life was back in 2020 I got investigated by the SEC oh okay I have everything on my computer I can send you the file so you could put it on here what happened um they came knocking on my door and I was 19 or 20 years old what is it called when they knock a subpoena okay someone dropped it off his name I actually forget about it but attorney general dropped it off um here's your subpoena I saw a guy taking pictures of my car outside I'm yelling at him like yo get off my property I thought it was like another fan or old guy I'm like yo what's going on he knocks on my door gives me to subpoena you have to report back basically I get a lawyer and this is the first thing time I ever have to deal with this is $1,200 an hour plus another $200 for pargal so this is $1,400 an hour I had to give every trade that I've taken since 2016 Robin Hood TD interactive all the Brokers I've used I had to send them every signal I've ever sent but why first of all another chat actually I can't really I don't want to give any ideas but well maybe bleep it but another chat had Anonymous told their chat to go make an anonymous tip on the SEC government website okay about me for fraud and when you have a lack of anonymous tips when 20 come in or 30 whatever how many came it looks especially in my state New Jersey they never they don't get this type of action it's like almost like giving like tickets in a in a area where people don't have anything there like the the people that get squatted on squatting I think on live stream it's kind of like that exactly but the difference is I had to pay the price so like I'm I ended up spending around 350,000 on lawyers because it was a case that took about 8 months and if you hadn't shown East Trade and so forth what was your outcome is you're going to court this is a subpoena to make sure you don't have to go to the point of going basically and and facing Court the state exactly oh okay so every communication I've had about stocks every signal I've taken to make sure that I actually took those trades and didn't just send them to the chat uh every trade I've taken even on Robin Hood every communication on text that I had about stocks I have everything I'll send you that file right now wow okay um that sounds hella stressful hella stressful and then I finally finally ended it at in like 7 months I did a deposition had to wear a suit but it was Co so I did it from home sat in front of the Attorney General and some other person named erck wow it was over after that I finally bought a McLaren 600 LT I'm like all right I'm spending money now I had like 4 million in the bank and I had just spent stupid money on lawyers and I was like finally let me start spending money and I waited for until I hit like $ 3.54 million to buy my first nice car oh W that's something different yeah why did you let's say before this legal drama why when you already have cash in the bank the very obvious and and tempting thing to do especially as a young man that you were is to go spend the money you worked hard to get how did you allow yourself to just delay that gratification so like back to the subject of why I post my profits or why did I post my it was all for me to show that I was the best and it was never about what can I flex on Instagram like the kids that went to school with me in high school knew how much I was making in class like even the kids I grew up with knew I had nothing else to prove to random people online so that's one thing the second thing was I learned my lesson from NBA players who went broke overtime after retirement and that was my biggest scarce as a young you know adult and someone that watched a lot of YouTube videos on was fousy tube growing up at the peak of his career to the lowest point where he had to sell his house his Ferrari his Range Rover and obviously God bless him but like I never wanted to go through that so I learned my lessons from other people growing up and and I made the right decision waiting that long because finally when I got to spend it was stressfree and I obviously your first exotic car I can't Finance I had to pay it out in a check so it it was those two reasons why I did that I want to explore the topic of uh life after the million because as you said it's like the Holy Grail every young man wants to get to that it's 100K than a million and then it's like okay once I got that million dollars then I'm good then all my problems and I can sire Rel and you know it's really that that dream and I do want to say without any arrogance I want to say that in this day and age it's a lot of money but it's also not that much especially when I look around in this city I can roll off 10 names like this that are doing a million a month and and it's very common and they're not even the big like the big players I know guys that doing more than that a month of course and um it's just when you get to that those kind of numbers you realize your costs go up your responsibilities go up naturally you want to take care of your loved ones so you have those responsibilities and lifestyle inflation there that money can go very quick especially when in the US and you got all the taxes you guys have to deal with um and it seems like when you got to that point it led to more problems so for that that guy out there that's thinking all I want to do is make that million and that's their dream and and that's what they're hoping for there's also that let's say that win is high I forgot the term where it's like somebody just won the Super Bowl they've been working their whole life and it's a bit of a crash it's like what now I want to kind of have that comments of realism on the other side of that that everyone's seeing as the the Final Destination so everything you named is all those things that I've went through for example lifestyle inflation as far as I can't enjoy the the same little trips I was taking before if I'm going to go out to Dubai I want to do a big I want to enjoy every piece of Dubai F out to Dubai I work this hard to to make sure I get to enjoy another thing that you have to deal with is taking care of other people and it depends on I guess on how good someone is or as a person I don't just take care of myself right I take care of everyone you know all my friends my family my brother yeah that's up you get what I mean like it's not about me I didn't I didn't just do this for me and the reason I do stuff like that is that's just it's always been the dream like why why do we all stress when one of us can stress and and I can make your stress some of your stresses go away I could have b a Bugatti years ago right and I decided not to do things like that so I can take care of the people around me and and enjoy life's fruits with the people like if you look at all my Vlogs I bring all my friends on a trip not one bill is split yeah yeah I know exactly what you're trying to say and this is something I've never discussed on camera people don't speak well let's say but when I observe all of the friends that are young that are doing well it's also a bit weird that let's say you're the guy out of your friend group that made it so then you go and pull up to your friends to the to the things you used to do the same restaurants you used to go to but you pull up in a nice car and a nice watch and you know they're all like struggling that's so weird actually like you want to flex on your friends like that so naturally and I even just like let's say a good friend of M yimi who have out on the Pod he flew out all of his boys from the UK he's covering every Bill and they're going to the nice restaurants the the every cost is on him but it's not from a place of like the friends are using it's the it's the OG friends but he just feels like I want to share the love I want to make sure they're enjoying it because what's he going to do go by himself and enjoy and and same for you I completely understand and for the for the people watching it's like the moment you start to make a bit of money then well like now my brother's here Flo fly him out and so forth like you just take care of the people around you and and what your initial goals were of like I could buy that car I could do this with that we start think about that same car what could that do for my my parents my my brother my family whatever and you start to think or just long term I don't know about you but I always have this voice in the back of my head even though I've been doing this for a long time of like what if it's all luck what if it all goes away and and as you say you see the fousy tubes and a lot of people that have the highs and then shortly followed by by the biggest lows and you call that evil eye you can call that well a lot of things but these things do also happen so you want to also head yourself against that um the people that I see that have like really got got from that point to like okay bulletproof it's cuz they built mes around themselves Financial modes and um I want to get into the topic of traders who make a lot of money the small-minded comments I want to say on the Internet is typically if you were this big time Trader if you were making all this money from Trading why would you put time and effort elsewhere just keep trading why have you put time into building a brand building other businesses being an educator and all these other things when you could just keep trading I can do both like it I don't think people understand like the people who watch or are watching this they have have to sit for countless hours at night to to chart I don't need to do those things anymore I don't no long I no longer sit at night and chart for 3 hours it takes me 30 minutes in the morning to get ready for the day and yes I know people talk about it oh every single day you have to treat it yes but like with this type of experience and and how long I've been trading for I wake up and it's autopilot I got to Dubai autopilot I'll land in New York autopilot I I'll do it at the airport and and I I do everything live so I'll do it from the airport live in front of people and it's just another day so when people say why would you not focus or strictly on trading and make it the bigest possible yes you can scale trading to the biggest possible and I've done it before it's probably one of the most stressful days of my life and my best month ever was 2022 I made $860,000 from day trading Umar can confirm fully verified on trade Zella he can show you guys whatever he wants that was my best month I haven't beat it in two years I just never played with that same size again because it brought stress in my life that I didn't need because of the other things that I had going on right and it's a difference between seeing someone focus on other companies and trading at the same time versus someone who's trying to trade 50 different things so like I've the only way I've said this about other people is if I see someone go from Forex to Futures to stocks to options if something worked out of those four you would stick to them mhm so when I see a Trader do those things and go from one thing to another I know nothing's working it's very big difference between that type of non Focus or or that type of focus on multiple different trading versus focusing on trading in other businesses because you have to build wealth in other places so you're not as stressed while you're trading and that's the difference I don't know if you're familiar with uh Robert Green's book Mastery but amongst many things he mentions in there he says to be a master in something the ultimate goal is to achieve subconscious competence because he says your brain as humans we can't operate with doing everything intentionally just like we're sitting and having this conversation we're doing a lot of things on autopilot like just the way I'm moving my hands I'm breathing and there's a lot of things that you can't deploy resources in your mind towards everything so the brain's job is to look for efficiencies and if it sees a pattern happening again and again the next time you see that pattern you won't think to do it you just brain your brain's covered it it's strengthened the neurop pathway and it's just an autopilot thing that's also where I think bad psychology becomes actually quite a problem because if you have a bad strategy and you're forcing good psychology on it you're going to find these mental Pathways and efficiencies on a flawed belief which can spiral but anyway the point being is the ultimate stage of Master is when you can do things without relying on mental resource AKA autopilot um do you think that is a way that a Trader because that book is Master in general do you think a Trader should also be reaching a point where they can be on this autopilot and not have to overthink and it's just another day in the office or have you found that can also lead you down a path of um underthinking it uh and and kind of getting complacent and and not doing the journaling and the back testing and the you know analytics of everything is just it was working today but in 6 months that strategy or that edge might Decay how have you navigated that topic so when I say autopilot I don't mean literally just just trade I still do things like look at my trading after because all of it is Live recorded so all I have to do is go back to my YouTube channel and watch my recordings I do things like that but at a very low rate compared to when I first started learning back then exactly it's a difference between first starting something versus being you know 8 years into it where now you don't need to beat the bush to get to your problem I know exactly where to look for when I have a issue and I can go straight to the problem and fix it from there right that's what I mean when I mean autopilot as far as you saying undervaluing it or or underling it that's that's a that's a 100% but I don't do those things because I know how fast the market can take things from you what is because the way you used to work in your let's say first few years there's a lot of other things going wrong because you're learning about the market you're learning about yourself you're learning about your psychology you're developing an edge then you got to see am I sticking to the edge and does the edge stick over time but once you've done all of that for a long period of time I completely understand that you don't have to do all of the extra stuff anymore cuz you're not questioning do I have an edge you're not questioning how's your psychology you reached conclusions to those questions what are the things you still have to do do now though like certain the things that you just can't give up no matter what level you get to as far as specifically trading yes I still have to look at my red days and see what I did wrong because if I don't do it I've noticed if I get complacent or I sit there and get comfortable the next day I might do it again and for me that's a very annoying thing because for how long I've been trading I shouldn't be doing the same types of mistakes at least back to back now throughout the same month yeah that's a very big possibility I might make the same mistake but backto back days that should be a very big red flag especially for me being comfortable so those types of things when I'm having a bad day or I see I did something wrong I have to go back and adjust those things but the difference is when I first started I used to spend 3 hours at night charting which was crazy when I look at it because now there's no way I'm sitting in front of that screen for 3 hours I would wake up 2 hours before Market pre-market and I'll analyze all the stocks and you know in 2 hours before Market opens stocks do complete opposite moves you have you know PMI data you have you know GDP all those things affect stocks in the morning so like what you're looking at at 7:00 a.m. is not going to be the same what you're looking at at 9:30 I see so I wake up now instead of 2 hours before I'll wake up 45 minutes before I get on the screen and I I get right to it so things like that being as how do you say it um aggressive into you know dissecting the market I'm not the same anymore because of the type of money I'm making outside of tra MH 2022 was my best year and the most I've spent on trading compared to like my older years and that obviously showed in the numbers but with those numbers I had to put a lot of risk on the table it's not me making 100K per trade or 200k per trade with the same amount of money I had to deal with a lot more risk and the type of stress that I dealt with that month or those three months that summer showed me that one I might not be ready for it and two maybe I just don't need it in my life because I'm okay I can wake up comfortably every single day eyes closed and make 5K a day minimum 5K a day and and and probably push it to 10 and that's with not trying I can wake up 10 minutes before the market I can do fairly nothing the night before and still make 5 to 10K a day that's the type of experience you have with things like that over a long period of time I want to talk about this idea of like Risk and loss yeah because when in your early days um let's say you don't have you just have a regular job and you take a $100 loss it's very easy to bounce back from that because it's not really going to change anyone's life to lose $100 and you can just make it back in other ways but when as you grow as a Trader and you start to take a lot bigger position sizes now we're talking losses can be a month salary a year salary a a whole you know serious money that you that money in a loss that could take care of people now of course you're hedging it with like other income streams and of course it's relative to your net worth but at the end of there big loss is a big loss no matter what else is going on those bigger losses that you've had in your career whether it's in the markets or outside of the markets how have you built resilience towards that it was very hard and I don't even take those types of risks anymore my average days are now between 7 and 15,000 that's how much I make or lose on any given day okay 2022 after that's six years of me tra having trading experience and that's the year I sized up crazy and when I had a bad day I couldn't go to the gym I couldn't have conversations with people I couldn't talk to my mom and what kind of figures are we talking for for those big losses uh 100 150,000 on a single position let's say single day okay that's serious and and it was it was scary like not scary in any way cuz it's been 6 years it was it just it was scary how my body reacted to things all I did all I wanted to do after those days was sleep I can't talk to my friends and act like the day is normal just another given Red day I couldn't go to the gym cuz my body felt like it had a workout already so like it was like I said I wasn't ready for that but those numbers it was not like you were overleveraging and doing crazy stuff is a proportion in a sensible way it's just the dollar amount is still a big number even if it's all meant to be like that exactly do you think that's part of a reason you don't really see the average retail Trader or even good retail Traders doing like $100 million a year from Trading like people say like oh but if you keep if you got the strategy could just keep doing your 1% risk and whatever do the same thing and just scale it up and they do that kind of calculator which is if you're doing 5% per month times that by 60 years you should be a trillionaire you know they do all of that why is that not really play out Traders well first of all like I can't speak for Forex but for options and stocks for example options the biggest position I ever went on or went into was a $1.1 million trade it's on YouTube it was the worst trade I ever took in my life because I only made like 15% and on that position I could have lost 15% it was like a one to one it was the worst [ __ ] ever that I've seen that I've ever took and I decided to do that 1.1 with my worst trade made 140,000 that day that was a big position the reason you can't do that with options and say go in with 30 40 million is you're not going to get filled you still have a liquidity issue to deal with right right if options have 50k in in volume you can't be all 50k you still need the sellers to take your contracts when you sell those contracts yes now there's market makers that make up for those things and people don't know that people think market makers are bad but when you're trying to sell something and there's not enough buyers market makers still need to fill in for those buyers but not at the exact prices they can move it lower right with shares it is more possible you can do a $100 million position with a Tesla trade right and now when I do get to that 5070 $80 million net worth I'm not there yet um but when I do get there I will do shares and it's a lot more comfortable but it's not the same as options right you you can get a $5 move on Tesla but at the same time it's still people don't understand that liquidity is the biggest Factor right but with shares and stocks like Tesla Nidia AMD you can get that type of liquidity so it's very much possible but in the options world you're not going to get those 50% returns with 30 $40 million it's not possible I see you can get three to 5% with shares but it's it's very hard I want to speak about obviously we're in Dubai right now and you have an Egyptian background this part of the world is beautiful there there a vibrant culture it's very safe it's tax friendly there's opportunity and a lot of the benefits you may see in the US is completely here too with the US I've heard some stories you've had some troubles with uh robberies and I guess also being recognized and all the problems that can come with it talk to me about that specifically about these these treacherous robbery you've had to encounter home invasions I believe you're speaking about right so I've had two uh one of them being public that was everywhere New York Times complex everybody posted it um it's just life in Cali and in La is is very different and and obviously being an influencer quote unquote you could be a rapper you could be anyone with some sight on you and have anything nice and people are going to try to go for it you don't have to deal with stuff like that in Dubai you in this beautiful watch stress free yeah yeah you can walk around leave it on a counter possibly and and you might come back and it might still be there out here yes I see it all the time like in in a beach club there'll be guys who Le leave a rich Millie on the on the day bed too chill do that thing come back 30 minutes later the watch is still that no one's going to touch it yeah I had a conversation with someone last night they said my brother left the door open and we came back and nothing was uh nothing was missing I said you can leave the door closed in LA and you still come back and something's missing so it it's the complete opposite life that you get in Dubai so the the the robberies you had encountered or you had unfortunately do you think that was just like life as a successful person in LA or is it social media side of things made it also worse they took a million dollars in watches that day it was a Richard Mill and it was a PCH excuse me a gun Point yeah I woke up to three guns to my head so I woke up to yelling three guns to my head I just hear yelling and when you sleep you wake up like confused it might even feel like a dream they're like get up get up get up I put my shoes on I'm thinking it's just nor like I'm not even thinking they take me upstairs where's the cash where's the cash the reason I know is because who I am is because the only people who knew who I had cash was social media I had just one a half a million dollars at the Hard Rock from bakro okay so they knew I had the cash it was in the dryer the only thing they had access to or that they found in the house cuz they didn't look in there was my pek and then my Richard Mill they took those watches and they left gosh and this is not the only time that's happened no yeah I have a I had a second one nobody knows about it cuz it wasn't I didn't call the police the first time and I didn't call the police the second time why not what are they going to do for me in La they don't they don't care for things like that unless someone dies and even when you die it's not much they can do it's out think about this it takes 20 minutes not 20 15 minutes to get to my house on a hill one hill by the time you call your mother your father your brother the police not do they have to come for the police station it takes 12 minutes for them to get up any car could be driving down and they won't even notice the difference between upper class and the lower class out there there's no middle class there's no fine ground in the middle that's their job out there Target people who have social media existence so it's easy to find them or Target the big nice cribs it's very easy to find a nice house in Beverly Hills and say hey let's go take something tonight why do you choose to I mean when you've reached such a financial level obviously taxes coming to mind or tax optimizations uh security of yourself quality of life all of these things come to mind uh and when I had these kind of decisions Dubai was my my conclusion yeah how are you navigating that side of life because there's more you know obviously materialism and and having nice things is you deserve it you worked hard and if you want to spend on certain areas you enjoy of course but when you're in a society that is like that um you don't make you don't question yourself like why am I still here I do um well well the reason I moved to LA was because those businesses I told you about I met older friends out there who introduced me to things I never knew about for example the hospice business or even the rental business or even the dispensary I knew nothing about stuff like I don't even smoke and I have a dispensary business I had no idea so that was the reason I moved there just so I can be Hands-On and understand okay they're not taking advantage you know we're working on things and and all those good stuff when you run a business for the first time the second thing is I don't want to give up my way of life as in happiness that I get to spend around my friends to go save on taxes I didn't get this far saving on taxes you know what I mean I dealt with this to get to the eight figures that I'm at right now right so why am I going to do it now maybe I should have done it at the very beginning of my career maybe but I'm not going to give up you know spending time with my family seeing my friends that what brings joy to my life I get to see my friends and and spend those days with them and get to take them to places we can go travel to Dubai together right so I don't want to give that life up you know it's interesting frame to look at things that someone's dream income like if I just make 10K a month or whatever that their dream to think they solved their life is something you're willing to give away in taxes just to have access to the simple things they already have access to they they might be broke right now let's say but they have their friends they have their loved ones they they have their family and those are the joys that you still come back to even after many millions later 100% um what do you think is the relationship between money happiness joy pleasure peace how does that cuz I think that is a very misunderstood topic that people just think money is happiness and money soles everything and uh maybe over index for it so then when you have that and now I have the Lamborghini but I still have the same problems then it's a deeper sense of depression cuz you thought you had well you had hope that money would solve it now the hope is gone and now you're just left with cash and the same problems how do you kind of that typic question of does money buy happiness money buys happiness in a different way no matter where you're at in life you still have the same amount of problems you still can have family problems you still can have friends those things aren't fixed by money but what money does fix and allows you to be happy about is you give satisfaction to others around you people who didn't get to experience certain things in life yes I look at those things and I smile about it I go back to my Vlogs and I smile about it like one day whenever my time comes to an end I can sit there and say people got to enjoy life with me that brings me happiness I get to take care of my brother he can go to school right now in college and sit there in class and focus without having the worry or the thought of even even ever having a job he's going to become a dentist the first thing that's going to happen when he comes out 10 practices right there on the spot he will never have to work a job in his life I can take care of my parents buy them whatever they want and my parents are immigrants just like yours they don't want anything they they grew up in the most simplest they grew up on Sand they didn't even have concrete Growing Up So their way of having happiness in life is just having kids having their family the simple things being able to eat dinner every day and that became or that's what made me more religious back in 2018 that's when I actually became religious and just realizing the simple things that make you happy aren't what everybody thinks What happiness is it's not about the lambo yeah you you get a spike of uh dopamine or adrenaline when you buy those types of things it only lasts a couple days where it's like I'm driving another BMW at this point and driving another Lambo feels like a BMW so that's my idea of happiness and what money when they say money brings happiness that's my idea of what money does when it comes to happiness they say desire is a contract to yourself to be onhappy today until that thing is met so let say my dream car is a and I think about it every day whatever the fact that I don't have it right now is the feeling of like sad sadness desire whatever emotions but the moment you get it you get a spike of happiness but then the desire goes away but then you get another thing that that you desire how have you after going through that cycle probably a bunch of times look at this thing of Desire specifically towards materialism because I think it's at all time highest desire when you are that young 19-year-old with no money but the moment you buy all these things I guess desire changes and I wonder if that has an effect on your happiness cuz you're not lacking this feeling of always wanting something and this constant unhappiness because you don't have how has that changed over the years the one way to think about desire is as you start accomplishing desires they last less and less for example your first big desire for example your dream car that'll last a very long time on your happiness scale versus the next time you buy a new car versus the next time you buy a watch and as time goes on your desires bring less and less spikes yes that last you know longer periods of times so over time it no longer becomes desires it becomes things you appreciate for example I really love watches and I don't buy watches to post I don't buy watches to show other people I really sit there and look at my watches be like I really love this today let me wear this it's not about I can't wait to get this AP it's not like that anymore I can't wait to get this car when the car comes in I appreciate it look at the interior look at the leather look at the stitching it's no longer like wow this is crazy so I believe over time time it it becomes less of a desire but more of an appreciation of simple things in life do you think because that changes from you got the car to think how other people going to treat me and how cool am I going to look now I went from uh validation let's say towards appreciation as you said interesting um we've had a wonderful episode we explored a lot of topics but I kind of want to wrap it up with just final advices because you've had a very diverse life with highs and lows and and crazy stories that we got to touch on on today after navigating all of that I'm sure you have a lot of wisdom what would be let's say a lasting message you want to give to a young Trader out there only compare yourself to yourself and one of the biggest struggles I've ever had in life was compar to myself to others online and as far as like psychology and and we talk about Traders talk about psychology all the time but it really becomes a thing when you start comparing to other people and other people's progression and I dealt with that back in 2020 which is four years into my trading career looking at other Traders make a lot more money than me and dealing with that put me in a phase of what am I doing wrong in life and you sit there and think to yourself what can I do better and why am I not doing as good as another person and your life becomes based on other people's success other people's Journeys rather than focusing on how far you've came and how far you've done and how far you have to take you know onto your journey and it is the excitement of your journey progressing over time because that type of excitement lacks later on in life you don't have that type of excitement when you go from let's say 5 million to 10 million it just becomes another year another month the most excitement I've ever had was the very beginning of my career seeing the first couple thousand dollar that I made enjoy those days take it slow enjoy the patience of the game and stop comparing yourself to others that is the biggest advice I can give to you so that you can actually succeed in life versus trying to compare yourself to someone's 20th chapter that's a very real thing when you hear those things it's not a motivational quote it's a real thing you have to deal with and that's something if you guys just stick to you'll be a lot more happier in life Nora wonderful episode I really enjoyed it thank you for giving us the opportunity I appreciate it it was great meeting you my man thank you good stuff bro it was beautiful that was epic that was epic