How I Would Learn To Trade (If I Could Start Over)
all right looks like the room is filling up fast a lot of people are already waiting all right well for anyone who doesn't know me my name is Armand and I've been with Urban Forex for a long long time and I've made that same joke before as well so like I was gonna say that my I still used to have hair when I when I first joined Urban Forex so and I'm making that joke for a second or third time even now so you can imagine how long it's been um but it's if that joke can be permanent right because the hair is not gonna ever come back so it might maybe it'll change my mind get in class I'll get no not anytime soon maybe I'll get into like a midlife crisis or something but I'm still too young for the Hat as well but yeah I'm assuming everyone will know who Navin is that is Navin yep hello hello nice to see everybody I just uh wanted to know where everyone is actually plugging in from what country are you representing today now that you're logging in maybe you're traveling maybe you're going somewhere so what's the country you're representing today well we got Morocco Philippines Myanmar Uganda South Africa Malaysia Dubai uh India uh Qatar Hong Kong Poland Nigeria uh Houston Nepal Philippines wow okay welcome welcome guys welcome all right um if if uh I don't know how you want to direct this uh video Armand but uh if we can uh just for for my sake in the chat guys those of you guys who are watching if something makes sense to you or you understand the heart icon okay that's what you're gonna put into the chat if something that you can relate to and you're having a breakthrough then the fire icon in the chat okay you can also just type it in yeah I hope that's okay Arnold like uh if I ask them to do that in the chat absolutely I always like to see some fire digitally not physically I mean physically it's fine if it's like a fireplace yeah or stuff like that same with hearts like to see your hearts digitally not physically there you go there you go I'll be back one second one second but uh uh go ahead and I can still hear you so go ahead and you can start it off and I'll be back in literally a second yeah well um once again good to see everyone anyone who just joined welcome as well so today we're going to talk about um how Navin hanavin's Journey went and what he would do differently if he would start his journey like today so as you can imagine if over a long period of time you gain a lot of experience so there's a lot of things that you can look back on and think I could have done that in a better way so that's what we're gonna go into today we're also going to go into a little bit of that whole journey today but we'll do that a little bit later so let's start things off with listing some things like we'll go right into it so we'll list some things that you should or should not do a few of each and let's make sure that we go both into the mental side of things and also into the technical trading side of things so nothing what's uh what's the first thing first thing that comes to mind when I asked that question uh about what on what not to do on what not to do let's start with not to do oh man like you said five right not 50 or 500. well the first thing that comes to mind let's start with that first thing that comes to mind um don't move stop losses like that was something I personally struggled with back in the day um you know I'm guessing you're asking about uh their super early stages of my career if I were to start from the beginning right from the beginning yeah from the beginning yeah yeah so uh stop losses I had a very bad habit of um I'm trading in certain directions and then I would move the stop losses if the trade wouldn't work in my favor like I would keep moving it moving it moving it um and then there would be times where I wouldn't have a stop loss also which would be you know extremely extremely dangerous so that's something that uh over time I had to learn not to do and it's something if I was to talk to myself my younger self I would say yeah that thing you have to cut out immediately immediately you cannot do that you can't stay exposed I I and I think it's it's pretty clear why you don't want to do that but why did you do it at the time if if you can recall um see I I okay I'm just gonna be frank here okay look I want it to be really really rich okay and uh when you start off trading in the beginning the whole concept is um I want to start making money right now right away you see like that that's the whole inspiration of I I can't wait to get started I can't wait to do this and every trade sort of becomes a package dream into one or it's like this one trade needs to make me Rich okay it didn't work okay this one trade needs to make me Rich so when you have that kind of a dreams uh attached to it then it's almost normal that when it's not working you sort of like keep moving your stop-loss in hopes for it'll come back the trade will work eventually in your favor uh and uh several accounts blown up later I realized okay it never comes back in its favor oh wow so this this was an issue for a while then it was it was it was an issue for a long time for a long time um for most people but it's an issue yeah yeah I've only done this once or twice myself but uh yeah I never I honestly never knew that this was an issue for you for a long time I knew that like anyone you that you've you know tried this failed at it and then you know you figured out that it's not a good thing to do but I I didn't know this was a long-term thing okay yeah yeah so is it what what comes to mind when you think more of the mental side even though I realize this is also kind of like mental side related because it it's it stems from that desire to be rich right but what's something very specific on the mental side that you would definitely not do again um on the mental side of things I would say I was always in a hurry um when you're older you feel you have a lot of time when you're younger when you're younger you feel that's it it's now or never it's Do or Die For some reason when you're younger you feel it's now I have to do this now I have to be in that private jet right now I have to be living my best life tomorrow and there's this urgency of now now and then you know you throw in the internet together with it because I was there when the internet was actually developing and it became a normal thing as the internet statement got more and more popular than the urgency even exploded where it's like I have to live my best life now I mean if you if you look at Facebook Instagram what is it it is look at my life compared to your life that's what that's all it is right it's just a matter of um one person is he living as per society's expectation of what life is so I had this immense expectation of I need to step it up I gotta I gotta go I need to be living this desired life that uh is is meant to be and how would you do that differently if you were to start out now I'd still do it I'd still do it like don't don't get me wrong like I'm not trying to paint it as if it's a bad thing it's how I started uh it's how I started and uh I I struggled a lot with psychology at that stage because on one end I was trying to make it big uh make a lot of money with trading uh and on the other end my surroundings at the time was basically money is not good money is evil luxury is for the spoiled brats you know like that was sort of the psychology I was raised with um that if you have money it will change you kind of thing all of this stuff started coming at me and that was sort of my split brain personality at that time where I wanted to do big things I wanted to explore I wanted to experience what life has to offer uh with trading being my vehicle but then mentally it was like uh um you shouldn't do it any little success no no no it's not good because now you are that brat you are that spoiled person you are that so and so so I kept getting Associated mentally with oh but then I'll become that you know so I had a really tough time uh dealing with that so when you ask me how would I do things differently now I would say I would want to be a lot more confident when I was younger if that's if something is what pulls you towards it and that's what you want then you do it then you do it and you then decide based on your experience if this is the right thing to do or not don't already judge it from the from the get-go because 30 other people said it 30 other people didn't work the way you work you know 30 other people don't do things the same way right yeah everyone's unique right everyone's unique so my own experience of going down that road has been very beautiful actually I I like making money I like having money I I definitely didn't like who how I was you know college early college I didn't like that feeling at all um that was not something just go a little bit deeper into that did you feel that you were sabotaging yourself once you had or when you had a little bit of success to make sure like oh no it's like unconsciously I cannot get more success I need to like sabotaging yourself it did it did and uh you know uh my my roots are Indian and it's very like now it's changed a little bit but growing up during that time growing up here sorry your roots have not changed right like so uh my because my roots are Indian um there was this thing of if you have money don't show it if you have money be quiet about it like there was this thing of when people ask you uh how's how's life how's work like it's okay it's paying the bills that was sort of like the line to say but I was always curious as a kid why can't I say it's good why can't I say I'm happy why must I always downplay who I am so Society doesn't judge me like that was a huge conflict in my mind of like I can't speak the truth I have to always dumb it down to be accepted uh and that was a very tough time coming out of that phase of going from limited sources and resources uh um into further down the line okay so when you would uh you would advise your younger self or you would you know change it now if you were to start from scratch again uh by just being more confident uh in yourself in in your beliefs and in how you see life and money in this case yes yes um basically I would want to say is whatever I believed in as as a kid and there was questions and doubts in my mind don't ball It Up Until the End immediately go after those questions answer them immediately go out if you have a feeling of what what am I doing does this feel right go and answer that question right now don't be like it must be right everyone's doing it I'm doing it too it must be right and I did that for years and years and years until I got set up you know but you have to the moment you ask that question the clock is ticking where it's like okay now every day that question came and you put it aside is a day that's lost and you'll never get back which means you are expiring every day and I didn't you know when you're young you don't really care about all that you're like because you can't die when you're young you're unstoppable so that that's the thing right I still have it forever when you're young I still have that feeling yeah well I feel that way too like just to make sure no one sees it as old now yeah yeah okay well I think I got a good idea of that now um let's take it back to two more practical uh thing uh trading related so on the technical side what's another thing that comes to mind that you would definitely not do if if you were to start out from from the beginning again um well I I would be careful from hopping around I spent a lot of time um like I said you see how a lot of my dreams were like really tied up to a single trade right like what I wanted said well let's put it this way how I wanted to live my life I felt Forex was the answer so that part is clear there's no doubt in my mind about that but how I was going about it was coming 90 for how I want to live my life so I never did it well in the beginning because I kept you know I want my life now I want my life now at it that I never learned anything so every time I would make a loss my mind would be what I'm doing is not working I need to find something else so when I found something else two things happened I'm not excited again to try something new which is good I was euphoric but at the same time I didn't learn anything from what I just lost and because I didn't learn anything because my mind was closed off that that doesn't work forget that I never picked up anything what went wrong there I kept moving forward and forward and forward without ever looking back and saying what was wrong there you know the post analysis as we call it I never did any of that so because of the lack of reflection back on my trades I went years and years and years uh of expiring let's put it that way where I'm living day to day as I was at my job day to day and sort of no outcome no future no nothing but I was just internally excited that I'm in Forex one day it's gonna click you see what I mean I I felt I was living a lie at that stage where it just if I just do this long enough if I just do this hard enough if I just do this with more discipline and more pressure it'll happen one day sort of thing and yeah sorry yes like you're always trying to find some sort of golden key or something like that like the one yeah we'll turn everything around for you exactly so that you know I think in in our industry we call it the Holy Grail right it's in search for that Holy Grail and don't get me wrong every time I know there's no Holy Grail and then a video shows up with the title Holy Grail I'd be like maybe he has it let me check it out like like you fall victim to that over and over again because somewhere inside of you were good people There's Hope and hope should never die so in a way I'm like I'm glad I had that but in a way I'm like yeah but that also held me back so many years so it was I don't know if that's a bad thing but uh I think there's three things sorry there's two things to that on one hand it it shows the hunger to always look for more and the and on the other hand it shows okay there's not a lot of um you know what what do you do with everything that you acquire you just you know it's one time use and throw away and yeah so so having a hunger of a 20 year old to to do more but having the maturity and the patience to get it done from an older person this needs to meet that meeting I never had you know I only had the desire now as you get older obviously the desire starts to go down but if you have anything you'll get it done you know you're more stable that way like give me a project watch me kick ass at it but don't give me too many projects you see when a young kid says give me everything I'll do it all but I won't do all properly I'll do them all half-assed I'll do them for like three days and then next thing so he's going full power full speed he's going slow and stable you need to merge the two uh you need to find a way to merge the two I don't know if that makes sense oh yeah yeah it does but how would you how would you do it differently now um well one I would basically tell myself uh to stay put if I I don't know why I I feel like I have to talk to my younger self is that is that what I'm doing am I talking to a younger mayor okay so I would I would I would want to be more stable um Looking Back Now I don't think I was stable I was always antsy I was like I I um I was a dreamer let's put it that way like excessively dreamer I wanted something but I wanted it now and you know and that was hard because you generally don't get it if the word is now so uh you have to build upon it especially if if it's something that you want to call your own and saying this is who I am if you're building some kind of a identity it's not going to happen overnight it takes years to build an identity whether you like something or hate something it's an identity that comes from years and years of clutter years and years of mess in your mind right so now and would you include something like post analysis more in in your whole learning process from the beginning now or uh absolutely absolutely so I would do let's say what like a hundred trades in a month zero looking back at any single trade I was I would just in my mind be I just did that trade I know I know what I did if I look back at it a week later I'm like oh yeah I remember that trade so I just thought I don't need to revisit it I don't need to open it ever because I know because I did it I know my trade but that's such a wrong mindset you have to go back and be like I know you know what you did tell me more about it where did you enter why did you enter there what could have been done differently what is the one thing you want to change about this and then you go into the next trade with that mindset of let me try to see if I don't make that mistake versus just saying I made a loss there oh I know what I need to do and then you're more reactionary yeah and we don't want to be a reactionary in the Market at all it's very dangerous to be reactionary so we use PA to um to figure out the why of every trade and then we build that and improve correctly correct but but I I think I think that's another thing um talking about uh things is stop being reactionary that was a big thing for me I would re respond to the market a lot like uh if if I were to see a trade setup and my mind is okay I'm gonna do a Buy on this if I get so on so and so to happen back then I was indicator person right like I need this and this and this to cross and make all kind of Indian dances and I wanted to then respond to that while waiting for that to happen something else more drastic happens in the market and my brain flipped saying it's not a buy it's a cell and my brain made all the excuses that the cell is supposed to be done yeah and I sold and I sold yeah so I ended up always chasing chasing chasing chasing is another word of reacting right I became a reactionary Trader okay reactionary Trader means you're always one step behind okay let's let's dig a little bit deeper into that why why did you feel that you well why do you think that you were being a reactionary Trader back then well the same thing well I'm looking at a chart I want to make money now like it's that urgency it's like come on hurry up I don't got all day I need to be a millionaire yesterday it's like it's that urgency and there's no patience there's no um willing to wait or understand nothing you know so uh that that's why the urgency was very very high I I don't know how many people are tuning in right now there's what a thousand something people thousand two hundred people here I think how many of you guys in this room would say there is urgency even though you know it's not supposed to be there be honest do you feel there's urgency to do this well to do this right now immediately is there urgency and like do you still feel that when you trade these days um yes I do but uh because of all that experience from the past uh I'm able to manage it much better um I don't think it ever goes away I I think it now it's labeled fomo the fear of missing out has become a fashionable word now um but um it's still there it's still there it's just uh I know how to manage it so uh you know this is something I learned through meditation that you can't really get rid of emotions you can only manage them and uh you know that that was my breakthroughs during uh training for meditation and stuff like that to understand more about myself and automatically helped me in my trading which was surprising okay so the the what would you do different in this case is actually uh make sure you integrate a meditation into your life not necessarily just into your trading but into your life he yes at least as one of the aspects but there's more right but but meditation made me calm and when I was younger I was wild and being wild I had so much good experiences so I'm not sure if meditation made me have much more Rich experiences um rich as in like fulfilled experiences but when I was young and wild I had experiences of anything and everything um none of them fulfilling but I had a ton of them you know which I enjoyed so well they seem to be fulfilling you now because you talk about them with a smile in your face yeah there you go there you go uh you know there's a saying that you know live life with no regrets I have tons of regrets but I also have no regrets about the regrets you know like it's just it's so it's just part of it like it's just who you know how I became me so it's fine you know oh that's kind of what we're talking about here right like like regrets and and things that you wish you hadn't done or had done differently that's it's kind of the same thing right yes yes absolutely okay so let's dig a little bit deeper into uh meditation is there a specific uh kind of meditation that you do or uh uh yeah yeah so amount of times per day per week so I do it I do it two times a day um if I'm feeling it then I'll do it three times I I mostly don't do it three times that's just a rare occasion but uh two times a day I try to average um one is in the morning uh either as soon as I wake up or in the shower um and one is in the night okay now if I'm in the shower I'm I'm a little bit more distracted not because of my body I'm distracted because my mindset is not the same when I'm just staying still like I know what you're thinking I I was not thinking about your body you were now you made me think about your body and everyone else so thank you okay well well so so what what I generally do is what I generally do is as soon as I wake up I I try to to do one of a few one of few things one um I don't try to touch my phone at all many times I I do these things with my girlfriend um is we keep the phones outside the room where we don't like to even keep the phones when we're going to bed the phones are outside the room okay one you know whether you want to call it 5G prevention so we don't get cancer in the middle of the night or whatever but I do it for the sake of I don't want to be distracted first thing in the morning first thing in the morning it's me I am the most important thing first thing in the morning yes I should care about everything in life I get that but in the morning I am the most important thing on this planet at the moment and that moment I need to do gratitude exercises to to to be happy get get in the frame of mindset of my life is actually really good I'm really happy with who I am just just getting into that energy um makes the rest of the day I can deal with anything no problem ups and downs no problem give it to me I'll do I'll deal with it no problem so that morning State of Mind is critical for me uh it's very very critical and when I used to have a cell phone in the room I couldn't get that because as soon as I would wake up I'd be like Instagram right Instagram or Facebook and I would just have this little you know that wax on wax off with Mr Miyagi with the paintbrush I've been doing that on my cell phone right it's like so I'm just doing that the scrolling and scrolling endlessly and then I realized two hours I have gone by and nothing has happened like literally nothing has happened I might have laughed at a video or two but forgot about it it's gone you know and that's definitely not you time that's not me time even as as much as I thought I am spending time for myself it's the same way I feel when I watch Netflix or anything I need to chill bro I need to chill I've been working so hard I need to chill I need some time to myself it's the biggest lie on the planet that's not chilling that's just you saying I don't want to live I just want to sit and expire okay so that's that's basically what it is it's feed me something I don't want to do anything like this is very passive very very passive which and you know in my my personal opinion it's fine to have passive time as well but probably you don't want to start your day with that yes um uh yeah you don't want to start your day without you you're gonna have to do it you know you know as us in urban Forex how much can you do me time or you know it's time to work you got to work on other people now right like so exactly so there's there's a lot of I wake up in the morning I anchor down and then I go out and serve right now here's a funny part about serving now you'd be surprised of my dreams and everything that I have of becoming a big person uh you know making lots of money and all the stuff I get that I never had that breakthrough as long as I was in that mindset as funny as that sounds I never had that breakthrough and and I'm gonna have you guess why why do you think this is a this is another thing that you would do differently now if I get it right yeah that's why I'm not sure why you said three to five I can give you like 20. it's just just to start off with but anyway yeah so this is another thing that you would do differently so um and you're gonna make me guess but in which direction am I guessing here um so so I didn't have my breakthroughs like I'm still the same dreamer as I was back in the day I just wanted to be big one to do more I wanted to do uh abundance you know that was my word abundance needs to be there right but it hasn't happened to me until I changed one thing what do you think that one thing was yeah but you were talking about serving people so I'm just gonna guess to help other people trade okay well there you go I I think maybe I gave it away yeah so yeah I was thinking maybe I need to say something else but I I think it would be like no no silly that's that's the correct answer that's the correct answer um I and I'm not talking about serving people at Urban Forex uh that's something I do out of passion that I like doing that you know in fact I'm pretty sure from the I don't know what 1500 people who are in the room right now I'm almost pretty sure that the 70 of them are Urban Forex members so yeah that I do out of love that's no problem but when what when I had all these goals and desires it's when I went through several gurus back in the day um they would make me go inner kind of thing try to figure out of you want all these things in life from yourself uh from your desires what is it who is it for and I started to realize it's I want to make a lot of money so I can take care of my parents I want to make a lot of money so I can take my friends out I want to make a lot of money so I can do this with him her them there was never something I want to make a lot of money so I do something for myself I didn't understand this in the beginning until he made me say and then what else would you do with your money and then what else would you do with your money and time and time again it was for somebody else it was understanding that reason that my life is a service life it is not a take take it's a give give the moment you understand that your whole attitude changes you have to be a giving person to automatically receive that's not the goal but as a giving person it's like the universe is like a slingshot it's like what's this take it back so the more you give it they just throw it right back at you and aggressively uh so son you know what's that a boomerang so think of it like that so when I went away from the mentality of ah tick tick tick tick you know I need this I need that I I I I to why do I want all this it's actually for them for her for for her parents and then when I start to realize okay the life I'm actually living is subconsciously a service life and then I intensified it I put that into the main picture and saying okay then let's do it right so yeah and that's why you have trading changed sorry your whole why of trading changed it changed you you actually became aware of what it really was not what you thought it was correct correct yeah do you think it's important to notice like really early so I'm trying to move this back to you know what you would do if you were to start from scratch now but do you think this is something really important if you're you know at the beginning of your journey um I I think I was already like that I just didn't know it I think many of us are all like that now you you've known me for how many years now like what more than 10 20. no not 20 we're not that old 20. so between 10 and 20. uh 12 years 12 years right well I'm almost 13 actually if I take it all the way back to the 13th year what was I doing how do you remember me all the way at the beginning of when we met yeah just organizing things for people huh organizing things socially organizing things right so I was more I was a party person but my parties was I want to make them happy let's do the party I would go out to a bar and I would buy shots at shots after shots after shots but I would not drink alone I would make sure that everyone at that bar sits next to me and we have a shot together like this was just who I was in my personality but I didn't know I thought I liked it right yeah you made a lot of people alcoholic back then well I'm sorry about that but uh that wasn't the intention I just I just like how people were natural yeah when they were drinking that's all so yeah now it's very good times no one actually became an alcoholic for the record um okay I'm glad so yeah the why of trading let's go back to that so the way of trading it is it a critical thing to know in your trading or you know why why you're trading or is it something you can figure out oh no no it's very important it's extremely important to know the why about your trading now um I I as I got better in my trading right let's put it that way as I got better in my trading I became this obsessive Trader if you want to call it before trading I was working for a bank and I had my job nine to five yeah more like ten to six you know I I had a very cool job so ten to six was my job and then at six I'm out baby time to chill right that's just who I was at that time I'm free I would do my work as perfect as can be but at six I'm free when it came to trading and I got a little bit of success with my trading I was there 15 17 hours a day in front of my screen and it took a lot of my time and I forgot why I was doing it I got so sucked into it that I forgot I joined trading because I wanted Freedom this does not look and feel like freedom I did that phase of my life for like two or three years or four years maybe like it took a long time I was just doing that I was just constantly in front of my charts uh constantly there because I felt I need more I need more I need more and the more I work hard at this the better I will be so it was this never-ending cycle of and the more you do the more you get kind of thing and it's counterproductive to how I thought work is trading is not work it's very it's the opposite yeah I'm gonna ask a follow-up question to this uh that's kind of gonna Sidetrack and I know the answer but again I'm gonna ask it anyway but did you have any guidance at this point somebody to tell you okay maybe you shouldn't be looking at your charts this much but you have to look at it in a smaller way or um yeah no I didn't have guidance about the timing on my chart that I didn't have guidance but I did I did have a mentor several mentors actually um but only one of them had a sort of a lifelong impact on me which is probably why I I became a mentor uh also um he pointed me in the right direction and he he made me look at things in a way that I wouldn't never have imagined if I was just doing it on my own um yeah and as As I Grew into that I I started to understand the concepts of how they talk about uh boiling water you see how when you turn on the fire once that certain temperature reaches the water is now boiling you can keep that water on top of the gas with the gas turned high that temperature is not going to change once it reaches boiling it's gonna stay put Okay so I sort of learned that the long way that there is a minimum effort required to trade and it doesn't require you to sort of like stare at you with your eyeballs on the chart all day long uh to to do to do the work that needs to be done um and that took a long long time uh for me to understand but when he pointed me in the right direction and told me you know he asked all the right question he he got it out of me what are you trying to do why are you trying to trade this trade and stuff like that and then he helped me tweak a few things here and there and you know I am who I am today you know partly due to him as well you know he's had a very big impact on me so he's an underground Trader I've mentioned it before ex-barclays person um I don't mention his name because he doesn't like that light but uh yeah he's had a big impact on my life if he's watching you know thanks man if it wasn't for you none of this is possible so yeah so so that's something you would do differently now if you're to start from the beginning yeah yeah I also I would look for mentors I was lucky I bumped into him I was just lucky like if that didn't happen I I would still be a wild kid dreaming let's put it that way I that had to happen in my life that was the turning point for me is I was doing the work I was doing everything but 100 hours of nonsense versus three hours of focus work it makes a life of a difference this hundred hours of nonsense is all a waste three hours two hours one hour of focused good quality work with the right information makes all the difference makes all the difference and I got my knowledge from YouTube unfortunately and this is not a place to pick up the right information unfortunately yeah I mean there's there's plenty of interesting information on YouTube but uh the real nitty-gritty stuff you won't find here yes yes the stuff that goes in in depth the hardcore meet of trading it's not on YouTube okay it's not on YouTube you checked all of it I've checked okay um so we went over a few things that that you wouldn't do um are there some things that come to mind that you that we haven't gone over already but that you would definitely start doing earlier on some again something that I that you that if you were to start from the beginning your trading Journey like something that you would definitely start doing from the beginning oh oh yeah uh I would focus a lot on support and resistance if if you if you force me and saying uh I want you to tell the audience one thing like literally one thing to master support and resistance do not deviate you pick support and resistance and tear it apart that's the easiest and fastest way into this industry okay support and resistance I'm gonna say it one more time support and resistance like it's it's the way to go it's the way to go I deviated into this indicator that indicator this signal service that signal service support resistance and then that indicator this indicator support resistance you know I kept deviating because the moment I had a loss I would leave it's only up once I build upon support and resistance then it's like oh my God this is the easiest and the best thing that can be done maybe I'm using the word easy now but uh it's it is easy in my mind it's very very easy actually um it just it's time consuming to get it right but it's actually super easy uh again why why is support and resistance apart from it being being easy but is it um like more reliable than than other uh okay or more yeah that's actually a super good question and I'm glad you asked that because my goal is not to sit in front of my screen all day long like if you ask me can you do it with Fibonacci of course of course if you give me enough time I'll Master Fibonacci I'll Master pivot Points I'll Master anything but I don't want to sit there all day every day and draw from here to here draw from there to here draw from here to here ah confluence I don't want to do that that's not why I came to trading that's what I meant earlier is I kept forgetting my why why did I join Trading I joined it for freedom I didn't join it to do more work that doesn't make any sense if I wanted to do more work I would just get a promotion at my job and it would just pay me more give me Insurance give me holidays and paid holidays you know okay that's a good answer yeah so uh all right um you want to look at a at a trade that you did or that you're in Live or something so we can compare maybe a few things of how you would approach a trade and how you're approaching it now um okay okay I'm not in a trade right now um I am looking to do one soon uh pound dollar I think many of my many of you guys are students here anyways uh I'm looking to buy pound dollar soon that's been on my radar since last week but I I actually have done a short on town uh yesterday you know you want me to show that one the one from yesterday is that is that okay I just closed it like 12 hours ago or something like that or Alessia so um let me see how I can share my screen here uh yeah are you able to see my screen yeah okay let me go on to uh where is here we go pound dollar yeah so this was a cell I did yesterday uh well this is what all the guys also I don't know if I'm sorry I don't know if you can see on the right side of my screen here all the monkeys that are in the prop firm with me and uh you know they're looking at the straight together some of them took it with me um but yeah I was uh on this short for the pound uh a pound dollar I really want to buy around these prices around 1400 but sometimes this week uh we had some of the elite guys in it as well trades performed uh had a decent wrist reward on it and I ended up uh uh close this is the clothes yeah I closed it because I wanted to sleep I ended up closing it right around the 61 price more or less 14.61
so I didn't take the full thing I just took it for maybe one and a half R which means one and a half times risk uh yeah what I risk and this trade I took seven standard Lots which is not uh not too much and I got four thousand dollars off of this one so so I have a few questions on this one um that's a normal amount for for this trade that's something that you're used to um when when you say normal amount as in foreign yeah so my risk varies straight to trade uh you know you I can have numbers that go up to like 20 30 000 a trade then I can have numbers that go down to like a thousand dollars you know but um normal is very subjective I I do it based on what the situation of the market is am I going with the flow against the flow and then my numbers fluctuate accordingly so this particular one I'm trading less size because I'm going counter trend so I I I I don't do one size across the board uh on all trades that makes sense that's money management probably a little bit too specific to go into it now but what I am interested in so you mentioned that this is a counter Trend trade contract trades is something that you do now clearly but is it something that you used to do before and if you did did you do it successfully as successfully as you do now and why it I lost so much money on counter Trend trades I lost so much time on counter Trend trades let's put it this way I I joined the Forex industry before most people I quit my job like that and I joined the Forex industry let's put it this way I I'm naturally a rebel so counter trend is a rebel basically coming into the market so I I got my butt handed to me uh uh I did really really bad and I mean put that to the list you know like don't count our Trend trade at all uh in the beginning of your journey um any money I made with Trent I would give it back on counter training any money I would make I would give it back to them uh and more and more and countless times and uh and many times a counter Trend trade would work but it would work without me because I couldn't time it right the timing is different it's a different mechanism than it is going with the flow so oh man uh it was a horrible experience like yeah thanks Armand for bringing up the wounds well we're a counter friends for you back then I I know you said for being a rebel but what was specifically that makes it like a rebellious thing um because I felt and then this is where it's going to turn and I would have the best price you know back back in the day I was a a pretty Trader if you want to put it that way right that's the answer I was looking for yeah I wanted to be a pretty Trader what a pretty Trader basically means it's a word we use in the prop form at Urban Forex a pretty Trader is basically I want something that looks so good that it can go onto an Instagram post okay and I want to do that all the time like I want my entry just at the top I want my stop loss just above it and I want my take profit to go down down through my screen through my entire building and then Satan's like what's this take profit down here you know like like so everyone has this idea of I need to grab 200 300 Pips a day you know yeah and then and then I'm good otherwise I'm useless you know so I I I had my pretty pretty days back in the day okay and how long did it take you before you could say okay now I'm comfortable with counter Trend trades and my account balance reflects that every time I do one um it took some time it took a long time I'm not gonna lie it took probably more than eight nine years before I started implementing counter Trends into my portfolio uh and saying I'm gonna do them till now so every now and then I talk to my uh my mentor it's like if I mention a trade that's against the flow it's like he has a gun below his desk or something he's just looking to shoot me because I've said it one too many times to him where he's like you did it again didn't you yeah I made money though he's like stop it so it's a skill I've developed over the years but uh he still advises against it and I would agree with him I would advise against going against the flow but so most importantly to add to the list is you must understand what is the flow that's very important that's very very important so um I think many people do not know which direction to trade and why is that do you think um because they're strategy based right strategy says buy strategy says sell strategy says do this strategy says do that but how do you know which way is the market going to do that strategy in that direction there is no link that link is missing so all the strategies that I see have a very small uh connection to the flow which is saying as long as a 200 ma is this way then this strategy is going to work and 90 of the focus is on the strategy and a little bit is on that line that goes down on the 200ma oh man that career is going to be short-lived so um you know it I used to do that too and I thought I was smart but uh I wasn't I wasn't so to to understand the flow of the market the direction of the market if you will you need to understand like the why of the market at that moment right right so once again taking it back to if you're starting from scratch um how would you make sure that this is one of the first things you understand um no I I wish we had more more time on the clock where I can actually draw it out for you um okay what if we make this into a two-part webinar where some of these things that I touched based on I actually show it on the next webinar where you know like the meditation practice maybe I can show what I do how I do it the the trend maybe I show how I look at the trend um counter Trend maybe I show why it's dangerous because that will put more uh more substance to to the knowledge that I'm or the information I'm sharing if you want to put it that way I don't I don't want to call it knowledge everyone has their own Journey but um we'll put more substance to it um but I I like to show that I think that's very important um we've had several webinars in the past saying uh um how to identify a trend we've got YouTube videos on that I believe yeah uh and identifying is yeah identifying a trend is um your greatest asset or you know um many of the biggest hitters in the world they've mentioned this you're only as good as the stocks you pick you know this is I think I believe is said by Mr uh Mike bellafuri from SMB Capital also so I I do believe uh you know there is Merit to that what you choose to trade is far more important than how you trade far far more important many people go straight to the hub me included I started that way I started that way yeah same same like I remember some of the questions I used to ask you when I just started out very much how questions not why it's all how right what do I do when do I do it uh do I do it now like yeah and then if this happens do I do that so it's a lot of solving but you need to figure out the direction the flow indeed um so yeah but it sounds good to do maybe more than one webinar otherwise we'll be doing a webinar on counter Trend meditation support and resistance that will be a mess let's put it this way look counter Trend fits with Rebels right in this room watching are Rebels because people do not meditate in this industry you can be the rebel be the rebel right be the rebel meditate trust me it'll change the way you trade now don't meditate as in close up your mind and look at the clouds No no no no there is focused meditation for trading for trading okay so I'll I'll share some of those techniques on on how to do it um where you you focus your energy and your thoughts to a particular way of uh thinking about the markets the charts and everything while your eyes are closed so I think that's going to be very very valuable so be the rebel be the rebel we'll talk about that we'll do Urban Forex meditation how about that yeah so we can make this a whole thing on its own I I want to show the posture how how to sit how to keep your head it has to be at a certain angle um where to point your eyes when your eyes are closed that has to be at a certain angle as well there is there's a technique to it it's not just close your eyes and become a hippie know if that's what people are thinking it has it has Merit to it that sounds good yeah so um if I'm looking at the chat I see some people saying yes for part two so it might be part two or part three how many of you guys in this room are actually new uh first time here okay would you be here for the next webinar and the one after that we might make this into a two-part series or three-part Series where we talk theory today on the things that I would really recommend my own self younger self to do again you've known the theory now what if I show it to you what if I show you exactly how you know bring some substance to the to the discussion um I think that will really you know give you an anchor of saying that's what I'm gonna do you know that's what I'm gonna try and do and and see if it sits right with you and if it sits right with you then make it your own that is what you're gonna do going forward if it doesn't sit right with you then make it right okay I don't know what else to say ah nice I'm seeing a lot of fire in the in the chat oh that's good that's good yeah you know you know if I can say one thing look I'm really happy to have all of you guys as Urban Forex fans or even if those of you guys who are new and you are taking your time off to be here look you have to understand one thing more than you being happy being here because I'm sharing some good information and I never waste your time ever in any webinar trust me I feel better because I have people like you on our comment section on our reviews on everything there is an odd one or two out there that's just naturally angry or having a bad day but literally 99.9 percent of you guys are just wonderful and sweet people like Armand isn't that true like we have the best fans in this industry we have the highest retention rate in the industry we have the lowest refunds in this industry we have the highest everything like whatever you can name it it's here at Urban Forex so it's an honor for me to be surrounded by people like you and to be honest I wouldn't be here if it wasn't for you guys as well and it's working both ways you give me feedback that you like what you see and I'm like oh yeah then I have more wait till you see this this is going to even blow your mind even more and this two-way street is just where you're having a lot of fun I'm having a lot of fun I'm happy to share as you can see I don't hold back in my webinars I I tell you as it is so I'm really really happy and I don't know sorry to take away five minutes I just really wanted to tell them I I I love all of you guys and and uh I I couldn't understand for a better crowd yeah that's great well anyone who's who's actually interesting to do a course with Navin you can now if you head over to www.urbanforex.com/webinar yeah yeah um uh so if if any of you guys are are joining I I know most of you guys here are already members but uh if you guys are joining I just want to let you guys know that we're going to be doing a private webinar soon uh that's going to be just for the mpa 2.0 and 1.0 students if you guys are picking up the mpa 2.0 today which is the entry
level program that we have I highly highly highly recommend um taking the bundle that comes with it the mastering price action 1.0 as well that is the classic golden gem that we have built back in the day until this day it is the highest praised course that we have and there's nothing like it um so you know if you are picking up the matching price section 2.0 I would recommend to pick that up with it it's about the theory of price it's the best theory of price action so you have to really understand the why of what is happening on the chart that's the one yeah it's uh it's the thing that uh you know took Urban Forex to a whole new level um uh it's taken many people's trading to a whole new level so yeah um that would be my sharing but yeah for those of you guys who are members don't worry we're gonna do a webinar in uh probably what three weeks time we'll do a private webinar yeah yeah three weeks two weeks time uh what should we do meditation one first we will give them the techniques for meditation yes tell you what I'll let you I'll let you choose what do you what do you want to see you wanna now we'll we'll go for meditation meditation okay okay we'll do meditation first and I'll show you guys what I do how I do it uh frequency um positions all of that stuff uh in the upcoming webinar so if you haven't registered for the upcoming webinar as well you can do so over at urbanforex.com there should be a section there that says sign up for our webinars to
be uh notified so you can register and you'll be the first one in sorry Urbanforex.com/live urbanforex.com there you go you see I am not aware of any of these links yeah yeah all right I think yeah so I I hope like 80 hour three to five three to five uh words that you wanted yeah I I lost count and I was happy that for all the things that you didn't want to do at least there was also a a way that you should do it now if you were to start from scratch so uh you always want to look for the positive things and you know the negative things sometimes are just funny uh and obviously you can learn from them but I always want to have some some positive things in there as well and we definitely did that yeah um I I want to close off by saying don't be afraid to fail and don't be too hard on yourself um yeah I was very strict with myself it's not necessary it's not that complicated to to Really torture yourself if you get things wrong you don't need to do that um you you go through the process where people have their ups and downs in industry and that's perfectly normal It's Perfectly Normal don't think that oh man I'm never gonna get this so here's a slope okay it starts like this where you feel euphoric oh man this is what I'm gonna do for the rest of my life and as you start doing it you take this dip where it's like oh man it's hard I don't know when I'm gonna do this many people fall off here many people fall off here because they're too hard on themselves they fall off right here I want to let you know this peak and curve this everybody has everybody else you're not uni no no one has a super like steep smooth uh Journey no no one has it and if someone does have that uh I'd like to meet that person and uh hopefully you you'll work for my prop firm please um come this way like take my chair exactly yeah yeah all right guys uh well thank you Armand for asking all the questions that would bring out my past and pain that is definitely my pleasure but I I think it was useful yeah thank you for asking these questions and uh bringing this up I think the student who asked this uh will probably be very happy that you you brought up a lot of the questions that he would have asked as well so yeah yeah a lot of the questions I asked are indeed from from students that that are emailing us or contacting us on social media and then asking us these kind of things with them maybe we can turn this into a webinar as well yeah yeah so ask away guys when it whenever you guys have questions email us we'll make it into a webinar not to worry yeah so if there's anything any particular topic you want tell us tell us uh uh I will uh I will make it we'll make it cool cool we've gone over like 10 minutes sorry it's fine all right thanks everyone for tuning in and we will see you in the next one we'll be in touch in the meantime and uh have a good one cheers bye-bye cheers guys bye for now
2022-11-07 02:10
