Physios HUGE Reward Trades Break The Back Of The Market w/ Tanz Vertex Investing
training that episode 134 oh so structure is everything uh structure is where liquidity is sitting so that's our target points and we exit based on if there's a change the market's going to do something your job is not to fight it the market never ever runs away it's always there that personal diary of trading will make you a much better trader than i could be right about the direction but wrong about the trade don't focus on the monetary side trying to make too much money on a trade is what i have seen killed every trailer your losses offer you some of the greatest insight you can find into your mistakes relax learn the process looks like pattern training is a freaking trap don't be in a rush to become a millionaire let the market tell you what the market wants to tell you this podcast is not financial trading or investing advice of any kind what's up traders welcome to another installment of the trading up podcast i'm your host cam hawkins and today we've got tanz from vertex investments on the show this is some doozy of an episode okay not just this episode but the video we shot afterwards as well tans basically breaks down his entire entire trading strategy and it's not just a run-of-the-mill strategy this one here actually has humongous reward potential like i'm talking mega r trades like humongous i mean the guy enters on the five second chart we don't get that in the video but we get pretty much everything else so you guys you got to check this out this is so good i know you're going to love it now before we jump into it which i know you're dying to i do want to quickly share something that occurred to me this week so my wife asked me have you got a growth have i got a growth mindset or a fixed mindset and i said oh i think you've probably got a growth mindset anyway she's reading a book and she said according to the book that she had a fixed mindset and the book gave a really unique way and i'm telling you this because it relates back to trading a really unique way of looking at a growth and a fixed mindset so a growth mindset is very much if you make a mistake you love it you think great i can learn from that i can move on i can find a better way fixed mindset is if you make a mistake you don't want to know you only want to know when you get it right okay so what i realized was i've got certain parts of my life where i've got a growth mindset and certain parts where i've got to fix mindset so for example football i have a fixed mindset when i play a game of football i don't really want to grow i don't want to be making mistakes i don't want to know if i make mistakes um i'm not learning to grow i've been playing for years and years i'm done you know this i'm sort of at the twilight of my career i'm not learning i'm not looking to learn anything here new but with everything else pretty much everything else in my life it's been a growth mindset although that said when i look back at my trading that was also in a fixed mindset for a long long time where i didn't like losing i didn't like making mistakes i didn't want to learn from those mistakes so guys my challenge for you this week is to check whether or not you have a growth or a fixed mindset and if your trading isn't a fixed mindset then you need to somehow switch it to a growth mindset guys job for you there okay now um also another job for you is to check out my robot builders club if that's something that you might want to be looking to do is turn some or all of your trading strategy or any strategy come up with into a fully or semi-automated trading robot then the doors are still open for that they will be closing soon so if you do want to come on board now is the time to do it i've got live q a calls you get 30 plus ready mode robots when you join all of this gets imported and there's no coding at all okay no coding at all and you can build virtually anything guys if you want to check that out it's all over there on trading along with this episode and the video we shot afterwards with tans in the meantime let's just get on with it here we go tanz from vertex investments hey folks my sponsors city traders imperium have just launched some amazing changes to the funded trader program you gotta check out you can now skip the whole evaluation trade gold as well as forex plus they've increased the drawdown you're allowed in both the evaluation and when funded with c2a it's even faster and easier to reach up to four million dollars in funding with a 50 to 70 profit share click the link in the description to find out what else has changed well folks here we are on training up we've got tans here all the way from uh the uk welcome to the show tens hello hello how is everyone hello how is everyone here we're all good over here in new zealand um so tanzan's from vertex uh investments and you're recommended by one of the listeners on the show and they said you've got to get them you've got to get these guys on i know there's a group of you but you're obviously the representative here get you on the show to hear your story and i've actually caught a couple of your videos um like what you're doing and what you're going to discover here guys is some ridiculous uh risk to reward kind of trades and i'm intrigued to find out more because um what you showed in that video that i did see it looked like you know there was you guys have found obviously a better way to do it or a more effective way to do it to get squeeze out more from these these high probability trades sorry all high return trades i don't know about the probability but we'll find out about that so now to start off with tens do you want to share your story how did you get into trading and and maybe you can sort of weave in how the other guys that are part of your vertex outfit uh got in involved in the mix as well yeah firstly thank you to the listener who actually recommended us it was uh when you met when you emailed us it was uh it was very random and i didn't expect it at all so it's yeah thank you for reaching out to us um yeah so i started trading uh when i was 18. i was in uni and initially that was signal so i did signals for about a year i think i followed the signals um i don't know how what your experience is like with signals but it wasn't uh it wasn't great it wasn't great and at this time i was still in uni so i was starting to be a physiotherapist is that what you guys do you guys call them physiotherapists yeah that sort of thing yeah um so during the first year i had a i had several deposits i don't know how many times i deposited and bear in mind as a student at that point i really couldn't i couldn't afford to do so so it was sort of kept quiet for my parents at that point um but there was two particular trades um that hit tp overnight this is from a signal and they both hit 21 pounds each and it was those two trades actually told me that uh you know there's money to be made from uh from trading the signal's just not the way to go and then uh from the next next two years i focused on learning myself so i bought several courses and i think i think at the time uh technical trading was probably the most used as in like trend lines fibs uh and so on but i just couldn't get my head head round it and i came across this youtube channel um i had to say his name or yeah of course yeah yeah so his name is wb trading um who trades mechanically and then when i you know when i saw his videos it was basically like you set and forget and i joined him and ever since then my eyes have been opened to the rule-based method of trading and then since then is that's how i've ever thought so for those two years i've focused on uh because there is the award on that trade on that sort of strategy that i was focusing on focusing on was a one to one one to two which is fine but then i realized in the long run it's not it's not ideal like you can get through a string of losses and that's it you'll your wins are basically irrelevant in that sense um so i spent time trying to refine that to get to one two three one to four and it was fairly consistent and it was i was working i was able to work and study full-time as well as trade so it was okay and then after two years i actually joined a signal team and that was when i met james who's one of the vertex mentors so james was already part of this team and he me and him were doing the signals for this group and we did signals for uh this thing was for about a year or so yeah about a year so i waited till i was profitable till i actually joined which took about two years um and then we yeah we ran signals and then it was the problem with running signals is we have people have high expectations you have a lot of messages emails like saying why didn't this trade win and so on and it didn't seem worth it and then from there i started to teach what i what how i trade um and then ben came along at that point so then me and ben met at a different uh like an education company so we were working as mentors as such and then ben started vertex so ben yeah ben originated originally started vertex uh back in november 2019 i believe or september some of that and then i joined in the following year um and then we became yeah so me and ben started vertex and created what it is today and then james james joined in but the concept about you know the high probability trades that we trade now this is very short story by the way but but the concept of this actually came from nick and nick was a signal client from me for me and james so two two years ago nick was a signal client and now then he progressed to his own trading he messaged me and james about it i ignored him because god knows how long because for me he was just a signal client but then uh he was showing me his trades and i thought you know i'll give it a go and see if it actually does make sense because some of the risk rewards sounds sounded uh unrealistic and it probably sounds unrealistic to you as well hey just jumping in here with a message from my sponsor sage strategies do you want to trade gold and crypto like the institutions well now you can and it's free for 14 days with sage strategies fully automated trading strategies check out their live track records for 25 unique strategies plus they'll host everything for you which is perfect for beginners and advanced traders or investors simply sign up for the 14 day free trial at sage strategies dot io and experience it for yourself do you want to explain what these risk rewards are for the guys that haven't like are familiar with what you do yeah so he was analyzing trades that were hitting like 1 to 41 to 50 and i think there was one trade which actually got me was a one two uh one to one hundred on uh gdp jpy and when i saw that i thought okay i need to give it a try and see and then since then we've been working together refining what we can and then the issue was me with me was i can't i don't like having such a like i don't like having guesswork and trading so that's why i introduced a rule-based approach to using smart money concepts and that's what we have today and uh that's what we are teaching so so you sort of sum up your approach to trading as smart money concepts yes anything else added to that yeah so um so advertise we believe that you know any strategy with an edge works you know it's not like one strategy is not better than the other the only difference is the risk to reward so i still teach like my previous strategies because i know they work and they're all rule based um and i think that's the main difference is the fact that it's all focused on strict rules that you have to follow and it takes away the guesswork you're basically just waiting for your rules to set out it you know you can sit on your hands and just wait for your rules basically and from there that's when i noticed my consistency that's where that came from because i think people have that issue when you first start you're thinking you know you're always trying to guess what's going to happen next whereas my thinking is you follow your two rules and that's it so yeah that's that's the main thing and so you sort of went from like one to ones one to twos even one to threes and one to fours i mean what what was trading that way like compared to trading the the one to forties one to one hundreds yeah another thing before i go on but like sometimes when you see and it's marketed so well for some people but like when you see like one to forties one to fifties you have to bear in mind that people take partials along the way so like uh i've got a trade i'll show you it's running at one to 50 or so but i've closed i've closed like 20 hour on that trade so i've only got i've only got about a quarter volume running so the hot even though the tp is one to 68 i believe um you know it's not going to close at 68 percent or 68 or anything like that it's just the whole analysis but the change was and the biggest change was for me last year it was the best trading year that i've ever had in terms of uh my return and i think it's the speed of the okay that could be interpreted quite badly to be fair but it was the growth of the account last year which was crazy like the last few years was was consistent um and i was doing well the edge was perfect but then it was like i was achieving what i achieved in a year in the space of two months right which is sounds it it was bizarre like it's it still baffles me today like some of the like the understanding behind it and yeah it's very good hey folks if you want 10 off the vertex investing trade management or the two-day boot camp then use this promo code here at checkout it's tn10 use tn10 at checkout on investing.com website and you're going to save yourself temps in off here with trading that and and what was the sort of i suppose if you had to sort of sum up what you can sum up around what nick had discovered or done versus what you guys were doing or yourself was doing what what what was what was the difference so the difference mainly was when nick addressed it to me it was um it was more about uh wickhoff or wyckoff if you heard of that yeah with all the schematics and as soon as i saw the schematics i knew i'm not going to get it but it is the most confusing thing to look at like for any new trader if you look at a schematic you know you'll be put off um but because it's sort of like it's somewhat of a pattern and then i went and back tested that pattern several times to understand what is a repeating cycle that is happening because the market is essentially a cycle you know the same things it repeats it repeats and repeats and uh i realized that i don't need to know the phases of the schematics um as long as i can sum up sum up sum it up to a rule-based understanding i'll be okay because what because nick's got a very good understanding of of the schematics and which is really good but for me i just can't get my head around it um i don't have it in me to even to understand that because i was speaking to i want to speak to the other traders um i'm sure you've heard of meant effects at all yeah i have actually i did reach out to him recently um so he might he might come on the show uh we sit with we're discussing his requirements there's a chance he might come on oh sweet yeah so i had a few uh calls with him we just got just catching up and when he was explaining the schematics but comparing the strategies he was explaining his schematics and then it boiled down to my two rules that we teach at vertex and you know it just shows that your understanding can be so different but you can have the same result same result but that was the main difference which i couldn't grasp from nick and nick couldn't really teach me either but it's not something that i don't think in that way if that makes sense and then james sort of tied in with both of us because he's quite he was always a technical trader so he was quite good at grasping those sort of concepts but i think we've found consistency in having this uh rule-based approach which is quite nice that everyone is now so you sort of have you put rules around wyckoff is that what you're trying to say yeah so it's all based on two rules we've got two rules for everything so two rules for our structure and two rules for our entry and um i mean in terms of like what you were doing with your three to one three to ones and four to ones and that sort of thing versus now it wasn't the same entries but just with a more refined stop-loss or was there plenty of different entries yeah so the strategy was so the previous strategy was basically supply and demand it was around engulfing candles um and you just trade off the supply zone and a demand zone but your stop-loss would be it's basically a refinement to that so the stop-loss would be like 30 40 pips at times with the old strategy and you would aim for that the the engulfing candle low and gotten kind of high anything like that or your structure points whereas now we sort of pinpoint where price is going to react from it's not always going to be exact but we pinpoint where price is going to react from so we catch it at the apex of the move as opposed to allowing that drawdown so that's the main difference so the strategy was based on the same sort of idea but just with the added refinements nice cool um okay so uh signals i just want to quickly touch on that um i mean what somebody's sort of been through the washer with signals um what's your sort of general you know summary for anyone out there who's either trading signals or thinking about trading them or um has been through and done it done been there and done that and given up on them yeah i would say you know i think nowadays for people starting now i think they have more exposure to signal scams and the fact that skidmore signals don't work because in my opinion signals just don't work it doesn't matter who you follow even if the person is profitable it's just difficult to get every single trade that that person is taking because we need to be profitable you need to take every single trade right and sometimes say when i was doing signals people based all over the world they can't catch the same timings that i would trade for example even though it's london it was only london and us i don't trade any of the time um it was hard for everyone to catch on to them some people would just catch the losers which it's a shame but it does happen like to me i missed so many signals when i was doing it um when i was copying signals it just doesn't i didn't i didn't find any profitability from it but um as i said it was those two i had two tp's ever from signals and those are two tps those two tvs are the reasons i'm trading today because it showed me that you can make something from it it's just a matter of how you how you go about it because it was like 20 it was on a 200 pound account it was 21 pounds bear in mind it was over leveraged i had no idea what a lot of sizes meant at that point um it was 21 pounds in the space of three hours it was some crash of something that happened on uh new zealand it was it was crazy and i was so excited i actually withdrew actually withdrew that day just for the sake of having it um but yeah signals it doesn't work i mean we ran signals initially and in the space four months we had a 78 return and that was my personal return but that doesn't mean that the clients had the same return if that makes sense because i still had uh messages emails saying that you know they're not at the same uh roi as me that's purely because they missed trades they missed the alerts and so on uh you know it yeah they take the losing trades and then they over leverage yeah yeah that sort of thing hard it has to be profitable you have to be on it all the time you have to just sit there and wait for the signal to to come up yeah yep cool and um uh what i was going to ask here was around oh damn it i've forgotten what the question was i'm struggling with that struggling with the cold hair and um i'm not quite on to it um signal signal signals i might have to edit this bit out damn it oh it's gonna work i've been sick for the last three days really probably the worst sickness i've had um i've just just come around today a signal client um i don't know i can't remember what it was it was going to be good as well um right let's just move on um well if the end of this bit out i'll make a note of this right can you give us some uh insight into the stats around your trading so like what peers are you trading across uh how many trades a week that sort of thing yeah so uh primarily now this year i focused uh i'm just focusing on the major pairs when i first started this concept i was trading every single pair under the sun because i was so excited about this strategy and this is where the difference in win rate comes and this question we get so many times so at the moment i'm trading uh gu eu au eg and gj sometimes i would uh move on to like other pairs like new zealand dollar but i wouldn't i wouldn't go anything past that then the reason is is purely because of spread broker spread on those pairs are fairly tight and because our stop-loss are generally sub-five pips you wanna have uh you know good spread on your pairs although because sometimes you also need to add spread to your stop-loss when you trade um you don't want to sacrifice your our your wrist to reward too much um and that's a that sounds a little bit greedy but yeah it's a there's i don't know it's when you get used to using that small stop was kind of hard to go back i think that's my sort of issue at that point that's why i don't trade too many pairs with bigger spreads can i just ask question on there i mean what what's the um what kind of order are you using to get in the market with your stock limit limit order orders limit orders or stop orders limit orders limit okay cool yeah um what time frame are you using to get in um so the time frame uh differs so at the moment uh our entry time frame so as i start from the from the top so my direction time frames are daily in the four hour and the entry time frames would vary from one minute to the seconds time frames depending on what is visually clear like if price isn't clear to me but to my eyes then i'll go to whatever time frame so we have i think nick does it more than i do where he would pick some obscure time frames like a seven minute eight minute 12 minutes some weird time frames um but just to make it visually clear um that's quite a big tip to be fair just starting this concept because i think people try and fixate on you know the standard time frames you've got h4 h1 15 minute and so on if you're so busy trying to force like a setup in those time frames you're gonna miss what is happening and that's that was probably the hardest thing to overcome when i first started using this because you have to be because it's so precise you have to be alert of what's actually happening in terms of price and analyze like each candle analyze what price has broken where prices moved and the momentum and i explained a bit more when i share my chart anyway but uh yeah and your time frames are one minute and lower usually and is it quite a uh intense or it sounds it sounds intensive in terms of getting into a trade is it intensive or is it like you know i can do a five minute analysis and bang i'm in i'll set my order and i'll walk away yeah so um since january this year i've been focusing on swing trading purely because i realized last year i sort of reverted back to my old self where i was on the charts for several hours a day and that's purely because out of excitement to be fair um i think my excitement came back into trading last year from learning this because it was just amazing what you can well you can achieve with this strategy uh but i've reverted back to my old self now where i'm taking my time i don't trade as much now at all and i just focus on the bigger moves so sometimes our setups take a few days to actually just reach so it's fairly relaxed depending on how you want to do it so i would set alerts on my pois and just not look at the charts until i need to and the only time i'll look at a charge if a student asks me to look at their their charts for example other than that i'll just wait for their lives to go off um like the trade i'll show you today it took six days to reach the poi but i did get a little bit a little bit impatient and i'll show you the trade that i was wrong on as well um yeah it does uh it does vary in that sense um i forgot what the question was um i'll ask the question later on and don't worry good answers here so what about the um we'll go back to the original question what about you sorry that was yours was it is it quite intensive yeah it wasn't intensive it sounds like it's it sounds like it's got periods of intensity but separated between periods of like being patient and waiting which is yeah yeah when your alert comes off that's when you sort of need to focus and this is another reason why i didn't want to do signals anymore because when price reaches the poi because you're focusing on like the minute time frame or less price is moving very quickly and i don't want to sacrifice my own account for the sake of sending a signal out for example like for for students i will send out the chart and the poi that i'm looking at but they're expected to follow the rules to enter because i just don't have the time to look focus on anything else because for that for that like five ten minutes that you're waiting for your rules to play out for your entry you know you you need to be 100 there and that's the reason why i can't focus on too many pairs because at times last year uh like so many alerts were golfing one go and i don't know what pairs to look at and i remember this one this pair that i hates i can't describe how much i hate it so it's euro swiss franc i don't know how much experience you have with europe don't trade it at all i hate it it's lowest pair ever but i remember i was so fixated on this pair uh for an entry i missed an entry and then gj went on to move to one to 20 in the time that i was looking for an entry on us frank and instantly it was gone it was gone from the from the watch list that's that was my issue so i only focus on the majors now because i know they're big movers and generally something that i didn't focus on was the rate of return the rate of return is higher um than you were than on like exotic pairs or minor pairs to be fair cool so yeah it's fairly intensive when price comes to your poi and so like just getting into the details around the alert so i'm using alerts now where i draw a line on trading view and it prices that line i'll get an alert i've had the same issue with you whereas like all these loads happen seem to happen at the same time when there's a big spike and whatever and then you don't know what to do or which pair to focus on so how do you how do you sort of deal with where do you set your line to give you the alerts uh so that you've got enough time to get back to your machine and what if you're not by a machine what happens then um so to be fair a lot of the time i had my ipad and my phone with me and to be fair most of my trades i do off my ipad and that's just from practicing uh because i used to struggle doing it off my phone am i bad it is be very difficult um because i'm not always buying a laptop or computer i don't always have one around me and i don't like that either um so i guess it took some took some time to get used to being able to do that on there on having your phone to be fair um it's weird because everyone asked me like is there some trades like this trade that i'll show you i think i took when i was in bed to be fair um and it just takes time to get used to being able to use it um i can't remember the last time i really analyzed not analyzed i can't remember the last i took an entry from my pc itself like it's rare that's interesting it's interesting to hear because it is it's probably something i should look at thinking about doing as well um so um as in because i was when i was working full-time i had no reason i had no choice yeah i had to do it off my phone so my eyes have always been fixated to be able to look on my phone and do it and what what about because i mean i i suppose if you're setting a limit order how long between setting the limit order and the order being triggered is there typically uh not long so say if you're trading off the minute time frame or less the trade would you play when you place your oil and try to trigger in less than a few minutes so you're not really that active and this is when it comes back to your strike rate and probability so our strike rate is seems a bit uh too good to be true but that's purely because we're taking more we'll probably take more breakevens than losses i don't know if people count as break-evens as their losses or not um because we're able to move our stop-loss to break even like fairly early on like within like 5-10 minutes of being in the trade um at that point price is probably a one to five or one to ten um usually uh and that's where our strike rate comes into play but last week i took three trades lost one um so it does vary and if you're an aggressive trader like i was last year i was taking like 10 15 trades a week and to be fair the overexposure on my account was ridiculous but again it was a risk that i was willing to take um and i don't think i actually i understood the true exposure but i wasn't setting a good example for students to be fair because it's not in my eyes it's not true investing like how i was before it was just pure excitement um because i realized that you know if you're taking 10 15 trades you're risking i would say i i use a 0.5 on my account per trade so say if i use intent trades i'm risking 5 of my account in that one week so i can lose five percent and that's a you know it's a huge percentage to take as a loss um they didn't match right yeah i did that uh yeah yeah so um yeah nowadays is more like i'm focused on the high high probability setups and since january well since uh i took a three week break at christmas i've been working on this added refinement and since doing that that's using the seconds time frame since doing that i'm able to break even a trade within a few minutes like within two three minutes i'm already break even and you know if it goes back to break even it does the only thing to be aware of when you're doing it is you're playing to place your stop loss and somewhat profit because the charges on your account are huge because a lot size that you're using yeah so you do need to cover that so you do you do have a small loss sometimes if you don't calculate it right i don't always calculate it right should be fair um so there's a small loss in that sense but and then are you going to be entering like multiple times to get the break even sorry to get uh catch the actual trade or is it once it's broke even you're like that trade's done i move on to the next opportunity yeah so um so the poi that we have uh depending on the poi if the poi is not violated then i will look to trade but generally if you're correct probably shouldn't come back to to your entry if you are correct and um not saying i'm correct all the time but generally it doesn't come back um unless i'm wrong or sometimes it's price will come back to mitigate my entry point and you just have to be aware of you know if your entry point is worth if your entry if price will come back to your entry point or not so we do have a risk management we do have a way to manage that trade if that's the case in order to mitigate the loss where you'll close like a partial trade so you'll close like 0.5 percent and leave your stop-loss where it is so if it does hit your stop-loss you know you're okay you're still breaking even yeah um there's there's ways around it but i think risk i think the way people manage your risk is where profitability comes in because i can say you know i don't like giving a full figure for strike rate because it's so difficult to uh give someone's trading appetite because my appetite is probably less than a lot of people yeah essentially so i mean like thinking about moving your stop to break even i mean where at what point do you go is it like a fixed thing like a 1r in profit move to break even or is it more of a if this level breaks and holds then we we moved to stop to break even uh so it's all about structure so if structure is broken uh generally confirms that we're correct um not all the time it can just be a liquidity grab we don't know but generally when structure is broken we move to break even and say if like the first structure point say if it's like 10r generally we close half so we secure 5r and then let the rest run and what i realize is securing that 5r consistently is it's crazy it's it's actually it's mad like how i think people forget you know 5r doesn't sound like a lot in terms of in the smart money concept world i would say 5r don't seem like a lot to close but if you're doing it consistently on pretty much every trade you're taking it adds up to a crazy a crazy return across across the week or month even but that's mainly see i'll close i always close half at 10 hour if i'm going counter trend um or if the timing for the trade is not right so say if i enter a trade like uh which i don't normally do say if i under trade quite late for me as in like past like 5 5 p.m
it's too late for me to have really trade like this volume is not great i would take 5r and then let the trade do whatever it needs to do sometimes it plays out sometimes it doesn't but at least i know i've secured from that trade so if your anybody gets to like say 4r and comes back and takes you out of breakeven that's not not an issue for you that's just like business as usual you know the next one will probably get a 5r and they'll take half of blah blah blah yeah yeah so the minimum is 10 hour for me to actually take anything off the table and it's so annoying sometimes you get price that comes to like 8 or 9r and you're watching it and it goes back to break even ah but in terms of psychology paying yourself and it's something that i talk about quite a lot paying yourself is so big because you know if you're securing something at least you're telling yourself you know that you're earning something and nothing from the market is guaranteed so take what you can from the market really that's how i see it it's not about aiming for the big risk rewards all the time because it doesn't happen that often and you can't expect it to happen that often and you know it's even worse when you hit like a 20-yard train and it goes back to breakeven and you didn't close anything like how i can't explain how that feels it's it's horrible it's it's not great it's fully it takes you back it takes it back right it's so i mean what does if you go back to last year where you were taking 15 trades in a week how many of those when we break even uh way too many but i think i was taking more losses to be fair my risk management uh there was less confirmation last year as in i would have my poi and i set my limit on the poi itself rather than wait for the reaction which is what i do now right but now nowadays i'm waiting for the reaction and then waiting for another reaction just to confirm that first reaction was correct so that's why the strike rate this year has been insane compared to compared to last year but yeah i took a lot of a string of losses last year i think i took two weeks of losses and that's where that's what forced me and that this was in at the end of july yeah end of july and that's in august when i started to work on the added refinements so although my account wasn't back at breakeven but taking the string of losses is horrible although you have the big wish to rewards you know you say you can have you can have a 10 hour trade and then lose 10r lose 10 trades and by be back to break even that point but i was fairly comfortable with my account size and how it's grown that but still the two week losses fully that made me realize that i can't lose that much in one go like psychologically it's it's horrible and it's really hard to bounce back from and it was a good learning point and i think everyone learns from the losses uh so in august that's when i worked on the ad refinements so me james nick and ben we work together to find you know what works what doesn't work and yeah it's i think since from november we've been fairly everything's been working really good has been really consistent and then january for me uh because the others haven't really started the others didn't really start doing the extra confirmation that i do now uh but january since january for me the striker has been unreal it's been crazy cool now um diving into some of the other questions i've got here like what would you say your typical trading day looks like uh typical trading day so so i so i still buy background i'm a physio and i run a physio company as well um so i juggled the two um so i trade a few hours i sit about two three hours during london and then i'll go off and do whatever i need to do um and i'm only sitting at the charts for like two three hours a day sometimes i would come back during london but i would just monitor price on my phone so on monday evenings i would set my alerts whatever where my high probability poise are and just wait for them um and then if i've got the time i would take intraday trades that's only if i'm 100 there and if i've actually got the time to do it so if i need to like rush for something after say like i sit eight o'clock eight o'clock in the morning and i've got a meeting at 11. i wouldn't force an intraday at that time because i know that i've got something else on my mind i think psychology for me is such a big such a big thing that i'm very controlled as to my environment which i don't think a lot of people are to be fair it's something i try to portray across to a student to our students but uh you know whether they get adhered to or not i'm not sure but it's a big it's such a big thing it's such a big thing but it's fairly relaxed it's uh i'm not i'm on the charts all the time it's a few hours of here and there so so uh you mentioned you you've got your own physio firm um yeah i mean what how does that sort of i suppose the question is there's a lot of people out there and i mean you're a young guy who who are trying to get out of that sort of whatever they call it the rat race or you know that their day job or whatever it is i don't know you run it but i mean is there was there was it a cons conscious decision of yours to say hey i actually want to be part of society and and out there and doing the sort of stuff helping people as well as trade or why did you decide to like combine the two yeah so a big passion in mind was to be involved in healthcare from the from the start like that's the reason why i went to uni to study it and i worked in our healthcare system and the nhs that you may be aware of um about our high school system i wanted to give back to our system to our healthcare and then um probably my second year i did i did leave physio for a while and i had like three months and i thought you know i'm a full-time trader i can do whatever i want my partner's still a physio and she works for the healthcare system and i was on my on my own at home and to be honest being young you know i don't want to be sitting around doing nothing i want to be actually active doing something and to be fair the pay in our healthcare system is not great and i knew i needed another stream of income to because trading i can't guarantee that i'm going to make this amount like i'm not going to be i can't guarantee that i'm going to make my mortgage uh or pay my bills or pay for my car and so on um and i knew i had to do something and physio is still a passion from of it's a passion of mine and i didn't study three years to you know just to leave it so that's when i branched out and started working on my own my own thing my own company which my partner now works with me and um it's just enjoyment to be fair i think people want to leave purely because they don't enjoy the job whereas i love it um i love everything about physio it's it's uh for me it's rewarding i'm not that's the main thing with trading i don't feel that sense of reward like actively i don't see clients as a physio anymore i just don't have the time to do that but i focus on the development of physio so i teach that's a passion of mine to to teach basically um that's the reason why the t is trading to be fair i i enjoy teaching the aspect of teaching is great but the rewarding aspect comes from physio as opposed to trading cool trading you can do stuff with it um in terms of what you do with your money afterwards to to make it rewarding but for me i think the change i need something some sort of feedback to make me feel like i'm doing something in life if that makes sense well after after having a back injury recently and going to the physio i know what you guys do so uh appreciate the all the work there um you know diving back into the price charts what do you what three things would you recommend somebody go off and start studying on a chart uh i think the biggest thing and to be fair chart time is your best educator you need to just understand what price what price is doing and what you realize is repeated patterns and it sounds easy to say but and people you say all the time and i used to ignore it but from that back testing sessions that you do and forward testing sessions you'll see the repeated patterns itself and you'll gain that understanding because i can teach you i can teach everything but pete's and you can teach anyone right but without having that true understanding of your own you've you will struggle to find any sense of consistency so what i would suggest is it's opening up a chart well firstly having a strategy in place that you can actually implement and then back test it as long as you can it's not about making money from the get-go i don't focus on the money aspect and i think that's a good point to bring i didn't have that stress because i was working full-time i didn't have the stress of making money from trading when i first started i think that's what a lot of people have where and i get these messages every day where you know trading is the last resort and if you're trading with bar you will struggle to find any form of consistency because you're forcing everything whereas i didn't i didn't i thankfully didn't have that pressure um because i was earning earning full time anyway um so yeah so when they do it within when they're doing this back testing session i mean what what stuff should they be looking out for do you think people should look out for so depending on what strategy you use even if you want to use the free strategy that we show just focus on how price is reacting to um the poise that you know that you show so it's kind of hard to describe it to be fair so three things i don't know how to say three things to be fair understand price and understand uh the reactions that's the main thing price action is everything in terms of trading like indicators i've used in the past i don't know about your experience with indicators but i've had no success with indicators at all um i've realized that most of it is just understanding what each candle is doing understanding where price is heading as long as you can understand direction direction and market structure if you can understand that with a good level of understanding you should be okay cool and um thinking about our traders mindset what do you have any special techniques you can share with us to help get someone in the right mindset or fix their mindset issues yeah so mindset is quite uh mindset's quite a big thing because a lot of people come in thinking especially when they see like our risk reward they'll come in thinking they can replicate it within a few days and i think the majority of our students come in with that aspect um actually i'm not actually i'm not going to knock them but not majority some of them so i'm going to come in with that mindset thinking you know they get to replicate it and the thing is it's hard to replicate the experience so don't don't always don't compare to other people focus on your own growth which is probably the biggest thing that i would say don't focus and it's very hard to do but don't focus on the the money aspect of it focus on the skill and uh focus on the talent of actually trade and the main main thing is enjoy it enjoy trading if you don't enjoy it you'll struggle to find any sort of motivation to do it because then it feels like a chore to you know you have to sit on the chart at london you have to say the chart us you know you feel like you're forcing yourself to do it whereas if you're doing it out of enjoyment you'll realize you're in a much relaxed state and i think having the financial backing as in having a steady income from elsewhere when you're learning it allows you to relax a little bit and not force yourself to to try and earn something because i tried it and it i tried it when i was a student and i really couldn't afford to do it but i had that pressure to pay off my car at that point um and i was trying to force everything to just pay off that car and it didn't really work in that sense so yeah it's hard to say that i have a financial backing but make sure you have something in place as a backup when you're learning because you can't guarantee that you're going to make x amount and you'd think about it as a long-term thing i think everyone focuses on having everything like now like right now tomorrow you expect to be like having thousands you know it doesn't work like that it doesn't work like that cool well we're going to dive into the quickfire around here before we wrap up the show so how long did it take you to go from newbie to consistently profitable uh two years what's your favorite entry setup oh favorite entry setup uh how to describe it is our two rules on the one minute time frame and then two rows again on the five second or 15 second what strategies do you use to exit or manage trades oh so structure is everything uh structure is where liquidity is sitting so that's our target points and we exit based on if there's a change in trend uh yeah what's your recommended trading book or resource ah you know what i got that i got that this is what um this book was was so good you know it was a gift it was a joke gift because people used to call me the forex scammer my friend so it's called the black books black book or forex trading oh yeah i don't know if you heard of this so this is where i learned supply and demand uh initially from the only difference is i'm not i'm not great at following books to be fair i need someone to actually teach me but this is uh it was crazy i always had this with me not that i still read it but yeah it was it was a start so a friend gave me she was a joke and it was uh it turned out to be a really awesome book yeah yeah yeah it was crazy all right who's the author of that uh paul langer and he does he's got youtube videos as well showing the strategies he didn't have it when i got when i had the book though but yeah i always thought this would come up again what's your preferred broker and trading platform uh so i use ic markets and ig so ig for spread plating for tax purposes and i see for leverage because ig i'm only allowed one to 100 at the moment whereas as in the leverage and then with ic i can use one to 500. how you ever wonder what broker i use well i use henko trade it was a no-brainer because i was looking for a broker with good trading conditions and no restrictions on trading my strategies but one of the main reasons was their raw ecn spread which could challenge any other broker you're trading with learn more at hankotrade.com or click the link in the description and what what trading do you use
to place the trades mt5 uh right now now can you walk us through the worst ever trade you've had um so the worst trades actually happened where straight down the hand you know what i don't know if i should say it to i was driving i was driving and that went off and i actually like parked up uh i wasn't doing it when i was driving but i parked up place the trade and it lost within seconds all i remember like i was panicking that this is when i was yeah this is when i was like very very excited about trading with that stuff at the start and you know i was driving with my partner and i said i really need to stop irene stop saying i bait i wasn't motivated at that point i literally stopped on the side to place the trade to find that it lost as soon as i placed the order i placed the order i was just about to pull off and then i see stop stop-loss here it's just like an instant and yeah don't don't rush don't rush any trades if it goes off when you're driving it's probably not the trade for you um right last question of the show if you could leave our listeners with one piece of advice what would it be uh one piece of advice uh focus on the long term and focus on yourself awesome now before we wrap up uh terence what's the best way for the traders to get hold of you guys um our vertex investing instagram is probably our most direct way to message all three of us coolio or our website we have a support uh email there well look a big thank you to tanz for sharing with us today everything we've discussed here along with all the links will be in the show notes to find them simply search for tans there's t-a-n-z in the search box on tradingnut.com until next time wish all my listeners trading happiness and success hey folks if you want 10 off the vertex investing trade management or the two-day bootcamp then use this promo code here at checkout it's tn 10 use tn10 at checkout on investing.com website and you're going to save yourself 10 off here with trading nut there we go interview with tan's done and dusted do remember we shot that amazing video where he breaks down his entire trading strategy approach very mechanical to way to get high reward trades or mega reward trades got to go and check that out right now uh do remember also whilst you're on trading dot com check out my free trading robot course i teach you how i build trading robots you're actually going to see me build one you're going to have one that you can take away and download and use for yourself and also there's a few other things in there as well after that you might want to consider my robot builders club where i teach you how everything i know about building trading robots without doing any coding and getting them to do virtually anything you want fully or semi automated all over there on trading dot com guys remember last but not least your fixed mindset or growth mindset challenge work out what you got especially around your trading alright guys until next time we'll see you in the next episode
2021-08-06 21:33
