Q&A With Navin Prithyani
Welcome everyone, we're doing a small Q&A with Navin and I prepared a few questions I'm assuming I don't have to introduce Navin you all know who Navin is. My name is Armand if you don't know me and i've been with Urban Forex for longer than I can remember I still had hair at the time when I joined all over the case um so yeah i've prepared a few questions we'll also look at the chat for more questions if there's anything interesting there but there's one main question that i'm sure everyone is wondering about and that is where the hell have you been Navin well when was the last time we did a webinar a month ago not a month ago I almost want to say last year when we did our last webinar i think maybe we did one this year but it would have been like really in the early beginnings of the year but it might have also been in 2021 i'm not sure oh my god yeah so it's been it's been a long time it feels good to be back let's start with that and i'm happy to be back i'm seeing all the comments here as well um you know it's really good to be back i was just very very occupied and busy with uh uh post covid i had i had purchased the house renovating the house and then working on the prop firm side of things to make sure things are stabilizing on that end with our new projects and new apps that are about to come out how's renovation is all done then um it's still coming through coming through as you can see the mountains are all set up and I see you got some too yeah um just picked up a new place i am now living on the other angle of the Burj Khalifa so as years go by i go around and round up vertically like a merry-go-round with real estate yeah actually you want to see the view from uh home office here one second let me unblur my background if that i can do that here we go there we are oh sorry spin this entire gigantic iMac around there we go and okay i don't think it's going to get in the camera the versatility but you get the idea yeah i think the window is actually too small for it yeah yeah i think so i think so but um you know uh the royal houses are all around the area as well and the shakes family houses and stuff they're just their neighbors basically so it's a very beautiful place i'm happy i got the place um it's not and it's not something i would recommend people to do when it comes to investments there are far far better investments in case that's what people are thinking um it's just i wanted a place for myself that's all yeah got it yeah all right i see uh people are anxious for us to actually begin with the Q&A I see Daniel Silva saying okay i'm here guys you can start now Daniel got it we'll start we will we will begin okay, let's have a look at the first one uh so this one was sent in a while ago by Martin and um it goes like this, what is the best way to find your trading edge? How do you determine which strategy technique or time frame to master and use as your edge? Okay so there's a couple of questions in that so there's edge time frames what was the other thing uh strategy technique or time frame so to determine which edge okay so an edge there are several different ways to trade the market right um you first thing is you have to use your education to really understand what is it that you're trying to accomplish there are people who can make money in the markets which i've recently started to accept which i never did before um through scalping okay there's that way where you're you're there for a couple of hours during the opening hours and then you're just trying to shave off a little bit off the markets and make some profit off of that if you're in stocks and futures a lot easier if you're in forex 10x more difficult okay to do scalping okay now if you you know if you're more swing trading forex is definitely a one that you can go for if you're more day trading also can do it with work so when it comes to edges you have to understand what appeals to you the most are you a guy that likes to go after something that is already in that direction is it more in your personality that if something is coming up and you like to hammer it down and saying no no more coming up because if you can listen to that personality of yours on what you're attracted to if you're attracted to i see this so i must buy then you're more of a trend pullback trader and you need to hone in on that edge if you're if you're the person's name was nathania martin martin sorry martin so martin if if you are an individual that says i like when prices come up and i like to smack it down thinking that's the top then certain things might be more appealing to you such as channels or range trading because as we get to the top of the range you hit it for a cell top of the channel you know you hit it for a cell so those things become more of the edge you should pursue and line it up with sort of your personality there is so i want to make this very clear there is no one right way to trade there's multiple multiple ways to trade but there is one right edge for each individual okay you need to find out what edge is for you um and your edge might even be a cocktail of multiple things doesn't have to be something that someone else is doing well and they were recommending it to you but it might not go for you you know so that's something you really have to uh dig out and uh sort of figure out as as you go through it i don't know what do you think is that also personality based so a more conservative or aggressive personality might have a preference for something else um no that if it's uh personality is when it comes to aggressive or conservative it's just how you approach that edge but the edge can still be the same okay so it's also not related to you know risk aversion or stuff like that no um in terms of risk management and stuff there's always techniques to do that that will be more related to the personality of the individual um the funny thing is that how we're talking about the personalities and stuff generally trading is taught very dry it's like um if you're gonna do this stop loss here okay two percent that's it that's it that's it yeah people are not robots you know it's very tough to just okay the book said to do that so i will do that you know like you can't just suddenly change your colors you know or you know if you're a leopard with spots you're gonna have spots you know learn to use your spots and try not to get rid of them overnight it's not going to happen so um so that our our whole approach and philosophy as Armand you know is learn to use who you are more uh rather than change who you are and try to be something that you're not because that that journey is longer yeah so always focus on your strengths accept your weaknesses and correct absolutely absolutely and then there's techniques for stuff around that yeah so that would be for the edge part now the second part of the question i believe was uh strategies time frames and stuff like that again um personality based on that strategy technique and time frame what is he saying what strategy or which strategy yes sorry i think i think the connection is breaking up a bit so you know you're here you're you're fine on mine um so the question was what strategy or that was the question more which strategy I'm gonna go with what i feel there's a lag uh or something like that but i'm gonna go with what strategy he's asking so when it comes to strategy or time frames again same thing personality based a little bit um if you're a person who can sit in front of your computer eight hours a day uh then your time frame can be more on a lower time frame 15 minutes or five minutes charts but if you are more of a time frame that you can you don't have much time you have a full time job you have family you have kids and you want to be only available at a certain hour of the day then you're looking at uh higher time frame stuff such as daily charts which is end-of-day things or four-hour charts or 60-minute charts where you're looking at it for the opening hours and you're taking on a position and letting it run and do its course for the next day or two so it will again determine on what needs to be done now again is there a right one right time frame no it's what you actually need can be provided if you need to be a trader that trades less that can be done if you need to be a trader that needs to trade more that can be done yeah okay so um it's what you need can be provided yeah okay yeah i think that pretty much answers uh the whole set of questions yeah so let's have a look at the next one so this one was sent in by Siyanda, I'm not sure if I'm pronouncing that right but here goes, Hey Navin thanks for being the best mentor on earth, anyway I wanna ask you about spirituality: how do you do it and how do you apply it in your trading? I mean I would like to know about your spiritual world or spiritual backing, thanks. Well thanks Siyanda so uh Navin what's your spiritual side of things okay that's a question that i haven't been asked it's like okay okay well um i generally don't talk about this kind of stuff as much um but it is something that's very close and dear to me and I think a lot of my success comes from answering that um I think as long as anyone's known me I'm a meditating type of person i'm a type of person that likes to reflect on things i like to listen to that crazy voice inside that that doesn't seem to be my brain it's like there's something else in the brain that's not going to like a like an angel and a devil uh well i do have those too they're they're always there mostly the devil mostly the devil mostly the devil like his voice is really really large sometimes so so but if we connect spirituality to trading I would say it's not much different because when you try to become a better trader you have to have to have to go through that route it's almost like you can call it whatever you want to call it but it is a self-realization of who you are right that that's the journey that you take to become a trader because you don't see the opponent okay in this case the opposite trader if you're doing a buy and they're doing a sell you can only buy from them right but you never see that individual so there's no social interaction there's no based on how he or she is dressed i'm gonna say this or say that there's no preparation for that all you can do is you see what's on the chart and you can respond accordingly but you will realize all your responses are coming from within you and it's a very fascinating thing that one can experience this because it helps people to grow and understand who they are okay many people when they come to me the first question on the on their minds are hey i'm an aggressive trader I'm or I'm a conservative trader how should i go about this the very first thing that comes to my mind is like first of all you're privileged you're privileged to actually know that okay that you found out that about yourself good now we can move somewhere we can we can take it further so uh you know so my take on spirituality is just the word but i look at it as just focusing more on yourself and that's referred to as spirituality or um has any different types of words um that refer to it synonyms but um that's why in a practical way how would you do that in a practical way like the to to achieve that that self-awareness okay so so a lot of times where self-awareness comes uh for me i'll share my my experience so i'll give you i'll give an example so um several years ago uh i had a streak of losses and you know i don't want to put it this way that my losses are more important than other people's losses it's just my losses have a lot more zeros than the average person so regardless i think for for everyone and including you like your the the losses that you have yourself are the most important to you correct correct exactly exactly so that's the point I'm I'm getting to it so the numbers that i was encountering uh with the losses which is fine um i started to get one after the other after the other after the other to a point where i felt at that moment I was like what's going on do I have I lost my edge am i confused do i not know what's happening until I start doing the post analysis where i go back and look at my trades and and start to think about it but i always do my post analysis in a calm state of mind um generally on the weekends or when i have some free time and i'm at a coffee shop headphones on noise cancelling have my coffee and i'm just thinking about it i'm like what the hell did i do on that trade like and then the next one and then the next one i soon start to realize there is a moment where i go on tilt and then beyond that tilt phase the analysis starts to fade so it starts off with good analysis and then a mistake is normal and a mistake is normal this mistake didn't come from analysis this mistake definitely didn't come from that from analysis that brings me the insight of recognition of now i know what the issue is then the following week as i start trading that issue is still there but this time I know the what the issue is but i'm still making the same mistake but now that mistakes power is less it's actually if you you know devil angel the devil is now smaller because i can see him and I can say I know what you're doing I know how you're trying to trip me out now calm down no need to take the next straight take a break so that helps me it it's very heightened in me um when I have those streaks of losses because I'm in a seat of authority at Urban Forex where there's like a billion eyes looking at me and saying so what's your next trait what are you gonna do so there's that added pressure there which generally doesn't affect me but it's there and subconsciously it's there so um when when the tilt mode comes in uh which it's longer than the average retail person but then it does come it does come and then i'm off balance for a while okay cool um yeah so that would be my my take on it uh so that's a practical side how you deal with it in trading you also do something similar outside of trading uh for everything for everything so I think uh my girlfriend will uh tell you guys this a lot and in fact everybody in Urban Forex will tell you this there are certain times where um when i say Urban Forex i mean the back end too there are certain times where i don't know if this is rare Armand you can probably probably uh see if this is right or wrong but occasionally whenever i'm upset uh with the team or something and i get heated or i'm getting upset or angry or shouting then there there is a window that it takes me to calm down and i will be the first one to come and say sorry about that that shouldn't have happened i shouldn't be mad at you for that um here's how we're going to go forward and then i also reflected it when i'm on my own saying why why were you so mad at him or her you know so this happens a lot i this in my relationship this is one of the best things that i can do for myself is to self-check very very quickly because sometimes i'm also not fair you know in the relationship and when i spot that i can fix it very quickly rather than staying stubborn and saying no no i'm a man this is what i need to do this is what i deserve no no that's not necessary so so there you go there's even a relationship advice it's not relationship advice it's the spirituality side of things.
All right I think, I think Siyanda will have a pretty clear answer now so thank you for asking Siyanda. Let's have a look at the next question. This one was sent in by Garry okay um so, how to overcome loss aversion in your trading? I'm always focused on the loss instead of the gain. Okay so this has actually it ties in very well with uh Siyanda question um yeah about the reflection um we call it spirituality but the self-reflection um look we we all want to do that especially when we come when it comes to loss or version this is what we all want right there is no and then now I don't want last loss of version now i want the losses to come no one wants that like there is no such thing um the whole whole point is we we enter this industry from something else we need to realize that whatever that something else is generally has some level of stability to it when we enter this industry in forex there's no boss there's no authority there's no public figure that we can go and talk to and they will tell me no if you don't do this you're fired there is no um fear also so the only thing we want is to reflect back and say i missed getting my paycheck every two weeks even if i was a bad employee i still got paid right i still got paid that's sort of like the mentality of the uh some of the workers out there right um whoever is in a job somewhere it's like i'll still get paid i don't care man you know it's five o'clock i'm i'm done my job is over you know there are some people like that uh where they just treat their job as a job and nothing more um so when you now enter the this new arena of trading or investing whichever one of these things is there's a there's a attachment to if i do something i shouldn't get hurt yeah um and if i work hard for it then i don't deserve to be heard i don't deserve it yes yes exactly it's it's that you know which pain this lines up with this this is the same sort of pain that lines up with there's a beautiful girl in the bar i should go talk to her but what if she says no this pain is that exact same pain the fear of failing of i shouldn't go take that action because or if you're taking that action at the time you're constantly in this fear of what if i lose what if i lose what if i lose rather than being in the moment and saying what can i learn from this and being fully there so this is just how humans are it's normal um so uh there isn't a girl at the bar don't i know about it oh going back to relationship advice like the stages before the relationship like the rejection before yeah yeah but isn't that true for most people how many rejections before you find the ideal partner or how many rejections before you still don't find the ideal partner like this it's a it's just part of how it is right um if you look at evolution per se any part of evolution is it better than what it used to be absolutely absolutely any bio-organism with evolution has gotten better to adapt not worse okay so anything that has evolved is obviously obviously better so any experience you have counted as evolution it is a must you have to go through it because it makes you better okay and then and then you can add whatever statements you want behind what doesn't kill you make you stronger whatever sentences that come to your mind at this stage we can add all that stuff but in reality it's go through the process no one wants losses but just accept that we're getting this feeling and there's nothing i can do about that this is natural so a loss aversion is not something you can turn off okay it's actually a good thing it might even save you with the many many of the trades and uh help you to get a little bit more strict with your trades as well it's not a bad thing so you're saying that the practical approach here is to to accept that that feeling is there that emotion is there and then still try to focus on the technical side of the trade instead of the emotion accept the emotion focus on the trade focus on the trade exactly exactly because the emotions not gonna go away it's coming back that one is coming back yeah i mean we've had questions in the past of people asking how do i turn off my emotions and trading but i think it's humanly impossible to turn off emotions actually we need emotions to trade this is why the auto trading industry is so big because they they key off of that you know poor uh the downside of a human being they say you know what it's your emotions that's causing all the losses instead of working on that why don't you pay me something and i'll give you a robot that semi works and then hopefully the robot will not have any emotions well do you really not have emotions when the robot's running you're checking it every day profit loss oh why is it a loss today it's okay they said they're pro it's not going to be a loss in the overall three months time okay so hang there's emotions regardless you can't run away from that yeah you just need to learn to code might as well just accept them and then if you can actually manage them like then nothing's gonna stop you, right yes yes um so it's not a bad thing in fact if you know how to use them it can be your greatest asset indeed indeed okay I think that's a a good answer to that question. Let's have a look at the next one,
in trading trying to be productive and do more often leads to counterproductive over trading, since that is the case what are some things I can do more of in order to speed up my learning progress? This one was asked by Dom. okay um Dom that's a very good question i think Dom that's a question that most people ask um but this question comes up six months into someone's career um when people go full time right because then they're like okay quit my job i'm here to trade let me trade and then they have a super hard time sitting on their hands i'm speaking from experience yeah yes this and and i think i think when when you say i'm speaking for mr this is better than this especially this especially is a lot more difficult for for those people who come from a very disciplined background so if you if you're an individual that has a routine that has been very good at maintaining that routine wake up at six do this next do that next do this do this do this if you if you have that routine embedded into you when you come to trading you bring that routine and the do mentality into that market but the market's doing its own thing and in the market it's everybody's do mentality adjusting in one point or the other someone's buying someone selling right it's everyone's so when you approach it with your do mentality the constant do do do do do it's not coming from uh trading per se uh it's coming from your past experience of how you're doing it now that one you can get rid of or even uh shrink uh it has a lot to do with believing in your conviction behind your trade so let's say you're a you're a 15 minute trader okay there's a lot more doing in that than there is anything else or let's say a five minute trader so when you're on the lower timeframes five minute or a 15 minute you can actually do a lot more things provided the setup is correct and then get away with satisfying that feeling of at the end of the day when you feel what did i do today oh i feel useless it's that that you're trying to satisfy has nothing to do with trading you're trying to satisfy that emotional thing that i feel good if i have a lot of checkboxes that i went through so if you have that habit then take your strategy go extreme detailed make it a hundred point checklist and then have one trade at the end but at least you can say did i do this part yes did i do that part yes did i do that part yes and then you end up with one trade rather than a hundred trades because everything the whole checklist was done here don't let the checklist be done in the mind be slower with your checklist so for people who have this they have to be slower in what they do have a bigger checklist to to slow them down basically yes once they get that conviction that okay what i do works the system i do works the checklist is becoming redundant because i'm doing the same thing over and over again it's coming out of my mind now fine but now you can start to shift to now i'm going to move to the four hour chart slight differences here and there because the time frame is different the opening markets are all included in one candle okay now that you're doing all that slightly adjust and see do you still have a due pressure coming out of you if yes go back to your 5 and 15. but every now and then try to push yourself out of it saying do i believe this enough to say there's no trade right now leave it yeah or is my discipline of doing something still stronger okay balance it out little by little don't just come in one day and think that's it no more doing yeah because that then you end up with the other side right and you're under trading then you're under trading yeah or you just become lazy um and you lose all your discipline that that's a very common thing that can happen to many people that once your discipline's gone the laziness kicks in and then the discipline to even go through that checklist is gone now yeah and you will eventually lose your confidence as well because you're you know in your mind you might be only as good as your last trade absolutely last rate is like somewhere before dinosaurs were born then that's an issue absolutely absolutely okay it's a good answer, um let's have a look at the next one uh this one is by Mina okay, Navin whenever I'm watching your webinar or videos before you even explain i will precisely predict where the market will go however when I'm doing it on my own my analysis is often wrong, I use my phone for analysis could that be a reason? And how long were you on a loss when you started trading? So there's a few questions in there okay one is that when desperate when mina is on her own she has a hard time you know thinking about or analyzing the market and anticipating where it will go as opposed to when she's watching webinars or other educational videos of yours so let's start with that question okay i if i'm not mistaken i think i might have answered this uh while I was in Maldives last year and this question came up i believe this is an older question that had come in right it shouldn't but i'm not sure okay okay oh well we can go it's a good question though um so so there's there's multiple parts of this so is it the cell phone no it's not the cell phone and i'm gonna explain this thing to you um and for most of you guys uh whoever is listening in and watching this cell phone trading is as per my opinion at Urban Forex in fact Urban Forex opinion altogether no no no no no cell phone trading is i'm at my desk i checked everything i know what i need to do i've started my position i know where my exit needs to be i know where my stop-loss needs to be but if the trade goes like that and does that i will exit my position got it i gotta go for lunch take your phone with you you can do that now it's acceptable we have a plan yes there is no that looks good bye no no no no no no no no no i shouldn't be laughing because uh you know a lot of people do that i know yeah yeah don't laugh because i used to do that like it's it's uh it's it i i used to do that because in my mind the idea was traitor equals cell phone equals never home never around and should be on the plane somewhere yes i've traded off of a plane before too but my focus is not as sharp my focus is not as sharp when you're on the plane and you're looking at your cell phone you feel cool until that baby cries somewhere in aisle 13 or something and then you're like damn it i can't focus it's like so so what you need to understand is cell phones are only for precautionary maintenance it is not for starting a position if you're starting a position with the cell phone i want you to realize one thing analysis is not strong guaranteed guaranteed you know take my word for that it's not strong if you have an ipad different story you have more more screen space to see the whole picture what's going on you can check other charts and see is there any correlation yeah so there's things you can refer to um and so so that's one thing so the um let me stop you here so mobile device too small like mobile phone but do we like need three screens like the opposite do we need that or is just one three screens are preferred for those who have uh uh uh trigger fingers if you have trigger fingers then it's more important that you're just looking at multiple monitors and you're seeing okay i shouldn't trade yet stand by okay because a trigger finger person also has fomo right he has fomo fear of missing out so he's not going to use one screen saying let me check another chart and see if that matches a person with foam or trigger finger is saying before i check that this looks good bye bye bye bye but the eyeball can move faster between screens then the finger can say change tab look at the next thing and this so it's a very minor thing but it's something to be aware of that uh where did who the screens actually come in useful for yeah okay so if you have the patience one screen is enough you can flip through the charts and say next next next you know and have the patience for that okay okay um the first part of the question was uh she said she watches my webinars or videos videos okay before you even explain i will precisely predict where the market will go however when i'm doing it on my own my analysis is often wrong okay okay i'll explain to you why and uh this is not because um of anything that you're doing on your own that's a problem i don't want you to think of it like that will ruin the self-confidence i i'm happy that you you can spot what's gonna happen when i'm showing it right and then it works that way so you have to take a step back and wonder if you understand the process but when you go and do it it's not working is it the process or the pair selection okay this is the part that comes prior to the process which pair are you going to trade why was that one chosen okay i generally like to choose ones that have that ability that it's gonna go okay but if i pick one that's dead i can have 30 processes, Armand can have 40 processes we can use all the processes and that chart is not moving or it might do something the other way temporarily go up temporarily looks like it's going and then come back down it's a big mess it's a big mess so pair selection is where i think the focus needs to be um if this is a problem that's coming up if we fix the pair selection i think that problem that you're mentioning should go away and when i'm picking a pair and you can predict it soon you'll be picking a pair and the prediction will be just as accurate as well yeah that's yours actually the step before the the read it's the pair selection the pair selection why that pair why that one yeah okay um let me see if we fully answered that uh yeah the last part of that were actually the third question there's how long were you on a loss when you started trading oh oh yeah okay i'm gonna open up wounds now right okay um was it like seven years eight years i i failed um it was a very painful time for me um because when i when i started doing this it took just a little bit of uh profitable weeks two weeks four weeks something like that and then i gave in my notice at my job thinking i'm good at this i i got this and at that time i was working at the bank with a little bit of exposure to the same thing in the bank as well but so i quit my job things weren't working out so well for me what i thought i was doing well i wasn't doing so well and i started making um half uh or less than half of what i was doing at my job okay initially initially okay so at my job then you think well if i can do it with this amount then you know i can do it with an amount that's hundreds or thousands times thousand times bigger um yes you would think so you think so that's how i was thinking at that time i was like yeah exactly as long as i can if i get this it's no problem you know capital is never an issue capital has never been an issue for anybody everyone just assumes capital is an issue it's never an issue um so when when i i quit my job and then i moved overseas um and i'll explain to you i don't think i've ever explained why i moved overseas uh to india at that point um when i was in the us and i was working for the bank and when i quit the bank at that time um i was quite young as one of the youngest guys in the bank that was working there and i was getting close to like 50 52 000 per year um and that was considered very very good at that time okay so now i quit my job because i'm fully motivated and thinking i got this full confidence i quit my job have some savings i'm trading i'm trading losing losing losing losing until i read um the four-hour work week and then i'm like oh instead of outsourcing my work overseas i'll just move overseas where it's cheaper so i moved to india i was like how expensive can india be compared to the us yeah living in india expenses are low this is where we met as well right so i go to india expenses are low but the strange part with india and thailand when i lived in thailand is you don't realize that it's cheap on paper but if you want to live the lifestyle you're normally used to living it's not cheap it's more expensive it can be very expensive so um so i moved out to india now my trading started to stabilize a little bit but now i'm earning 20 000 or less on average per year in my mind i'm thinking what you were saying earlier rmo that if you can do this you can do this with any amount but i had this thing that made me comfortable thinking yeah but look at my expenses here in india it's nothing look at my income i'm okay i was not okay as you know as you grow your lifestyle grows your expenses grow i couldn't keep up i couldn't keep up um so i pushed it i put the rest of my savings into my account and i'm like i'm gonna trade bigger loss after loss after loss tilt tilt tilt okay slight depression okay i'm not a person who gets depressed so easily but slight depression just weird sad days and then just this constant loss loss loss and then this anger of i why is this happening to me i can do this i'm really smart look how i was working in the bank at the youngest age blah blah blah i got this so losses um countered by my anger of this is not me how is this even possible back and forth back and forth seven years passed seven seven years past until i started to stabilize a little bit then i had my breakthroughs afterwards and then things started to normalize but that pain was there for seven years um that's a very very long time i i think if i didn't like this industry i would have quit in the first six months yeah there was something about this industry and at that time like today if you want to get into this industry just open up instagram anything and everything will pull you to trading you know even the scam artists were out there trying to grab people into giving them bitcoins what are they showing they're showing that they're actually trading and then you should invest with them right so trading is shown as this very wonderful image but i never was exposed to that when i started i didn't have that image i was actually interested in you can make money from home you know by looking at a chart and there's no customers there's no customer service i love it i love it this is wonderful no boss yeah so i i thought this was fantastic and i loved laptops at that time there were a new thing laptops whoever had a laptop in our school and stuff was like that guy's rich you know i come from that era you know where i'd love to work off of a laptop no job in an office that's so cool i was inspired by that and trading was my go-to so i sustained seven years sustained seven years until i turned the page and the worst part is when i turned the page it felt like i was so stupid you know sometimes the answer is so simple and it's staring you at the face but you're so stubborn in your ways of yeah of course of strategy hopping i'm gonna find the golden key it's here somewhere just come on a few more hours in the night looking for the right strategy i've done all of that and when someone was telling me you need to stay put and figure it out and like if it's not working it's not working why would i stay put you know so after trying it two times you know it's not working well it's it's it needs more time when i look back now i i think uh i would slap my younger self like badly but i'm glad that i went through that phase um it's it's why i am where i am today because of that face so um there is a japanese saying there is pain through hardship uh and then you learn from that and then there's pain from insight and then you learn from that or or there is insight through um there's knowledge through insight and then there's knowledge through pain okay i did the knowledge through pain aspect but if you now are more self-aware like we're talking about today with the spiritualism and everything if you're more self-aware everyone then you can yeah then you can be more open to insight or knowledge through insight yeah and i think that's a lot more powerful and a lot shorter time span i'm talking about months rather than what i did in years so yes um i have an interesting follow-up question i just saw it in the in the chat which is um yes based off this original question by mina so thank you mina for asking that and then Rosario uh which we we both know him he's been in her oh yeah yeah sometime hello so he's asking the moment you got consciousness that you got it right how much time did you need to um to be real profitable after the losing process okay i think there is a misconception there consciousness and then you got it right i think the consciousness part is not understanding whether it's right or wrong is understanding what happens when your actions are taken it sounds really weird uh i i i know it sounds um like i'm not giving a straight answer uh so let me try to rephrase it in a different way if the goal is to be right and then being right equals money therefore the goal is to make money right we can skip the middleman if the goal is to make money but to make money doing the strategy is not enough i need to be conscious then conscious equals money that strategy is incorrect is what i'm trying to say okay being conscious just tells you what you're doing you are aware you're alert you are focused nothing passes by you without you saying that's different or i see what they're doing i can understand the rhythm rather than having a fixed mindset of and it's pulling back and then the the past memory of your knowledge kicks in and says if it pulls back and there is our area to buy we're gonna buy it but did you just see you were watching it consciously and then you got hijacked from your experiential memory that says now you must do this or did we do based on what we saw yeah right so there is that part where if you're conscious you pick up on those things and as a side effect it turns out to be right i don't know if that's uh it's if that's something easy to understand um or it sounds like okay brown man you've lost your mind you stay in the mountains it's like it's like um so it it's very difficult to explain a little bit but um i think if you involve con consciousness into your trading it will solve itself very quickly very very part of your process yes yes so don't constantly ask yourself like am i conscious of what i'm doing actually or am i just on auto repeat robot mode yeah you know how we talk about oh i think one of the questions earlier was can i trade from uh um uh sorry not that the question was um i can predict whenever you show a trade on the chart and i can predict it well but when i do it i can't predict the wall and we said it's the process prior to that that's important um you know it's the same thing in uh in trading the consciousness is the process that you're really really alert and looking at what's in front of your charts what i mean to say is if you look at any psychology book any uh trading help book what do they say they say don't trade when you're tired don't trade when uh when all of this stuff has happened why is it because you have no energy it's because you can't focus with that full conscious alertness anymore it's not the tiredness that's the problem it's because that thing you won't get the consciousness you won't get if you're tired so the shortcut is everyone understands tired so let's just say tired yeah through that so i hope that makes sense it's you have to be alert and uh understand what's happening to me at every point and maybe write it down right so to to make that a habit that awareness yes um well i think we talked about this in our one of our courses for motivation and daily routines where uh voice is uh uh the the thoughts is the least strongest yeah the voice is the second strongest the voice with uh physical action is even stronger and then the act of doing it consistently is the strongest yeah and so if you want to make anything happen in the world as we all talk about affirmations and making sure things happen for you just the thought itself is at the weakest energy wavelength you need to bring it up to think that but also say it out loud that i am and i will instead of should i one day maybe i will no change your language um and then the next thing is if you can write that down while saying it out loud it makes it stronger because you're now moving your hand your eyeballs are looking at your sight your touch your feel you're involving more senses um this week or something down right sorry yeah sorry i i was saying it's it's hard to [ __ ] yourself when you're writing something down yeah because you're writing for yourself yeah you can lie to yourself but then you're going to feel stupid after a while that if you're lying it's easy to do that in your head we all do that all the time like oh yeah i can do that or oh no i cannot do that but then yeah actually write it down it's like it's it's hard to write something down that you don't actually feel or you don't believe in exactly exactly and and this is you know a very common thing everyone just is in their mind of i want to make a lot of money but this voice that i just said out loud is in the mind for many people because if i say it out loud money has a bad name i don't want to look like that person why not if that's who you want to be and who you want to live like what's wrong with saying that now out loud i don't understand you're trying to become something you hate now that doesn't make any sense if you want that say it out loud now if you want to drive that ferrari but ferraris are for rich kids who are spoiled why do you want it then yeah if you want it say you want it say it out loud and say one day i'm gonna drive a ferrari and if that costs two million dollars and the environment is going bad i want that ferrari it doesn't matter you need to want it from within it needs to come out naturally when it comes out naturally then it's just a matter of time it's just a time game after that okay right i think um that answers it as well Rosario's question so thanks for bringing that up um over time already, but I want to do one more if that's okay with you? Yeah yeah yeah uh so this one is by Gagandeep, Hi Navin, Gagan here, journey of a trader is my question, please tell us why do we enter this industry and what hurdles come on the way and how can we overcome them? How to get motivated to achieve and pass each hurdle? Okay okay so i'll tell you one thing and this is probably going to deter many of you guys and i want you to know because i have the best intentions and i know because i'm in the industry i should not send people away from this industry i i'm totally not um you know going to do that i'm going to tell you how it is trading is has the same effect on you as does sugar as does drugs as does um any other substance it is addictive because the fact that when you see a candle moving and when you get in and you buy or sell and all your hopes and dreams are attached to that and when that thing goes up just a little bit that euphoria is very addicting it's very very addicting that when you have one loss two loss three losses the brain remembers that one profit and says if i can figure out a way to do this i can do that one profit all the time yeah it's exercise yeah so this is why the journey is very addictive yeah but if you're again conscious about it and you know that that's how much control it has on your brain then you can actually turn the page so it's not the journey that's the problem um how most of us are attracted to it uh especially in today's date the attraction doesn't come from trade ding the attraction comes from what can trading give me yeah if you see any if you ask any young generation person today and you say where are you going to work he will tell you i'm going to work in this company because it's who i am see today's youth um i think today is used as if you and me are more like 60. i don't know i don't think we're youth anymore our fellow brothers in close to our age if you see if you see uh um young folks uh close to our aides these days who are out there looking for a job they're more conscious about they want to work with something that they can have an impact they're more awake they're more awake i like that i like that back in the day is you got to do what you got to do to provide for your family that's the wrong mentality that's the wrong mentality you know you gotta do you gotta hustle you gotta and the word hustle to me is like cheat people no you don't have to cheat people that it's this the world has abundance of money and luxuries and everything abundance you need to build the energy the right way and saying i will do it the right way because the right way also pays and it requires the same amount of work and effort than doing it the wrong way the only difference is the wrong way is addictive to most people it gives them a buzz you don't need that buzz you don't need that buzz okay so uh the attraction for uh today's world comes in as a side effect that i'm joining trading because i want that and that is now going back to the classical way of getting a job of i'm going to do that job because i need to feed my family that's again do it if you want to do it like how the today's generation does it i do because i must it will change the lives of my family members i will become the best trader there is i will become the best version of myself because it also helps me improve my self understanding you're going to become a really good trader if that's how you're thinking yeah you haven't actually mentioned the word but i think this is all about the why yes yes this question why since you you can think the beginning of economies until today you ask anyone off the street and saying where are you going oh i'm going to my job why and you just keep asking the next why the next why the next one like a kid would do to irritate his parents where are we going that we're going here why because why because you start to realize the kid can get to the root of the issue really quickly even though he's irritating you need to do the same just ask why until you realize the other person has no answer that's when you realize then why am i doing it okay so you need to ask yourself the why all the time but why why even inside trades i think it's uh at least for me i like asking why is this an interesting setup why entering now why exiting now correct you know this is this is the reason why Urban Forex is as big as it is is because we don't teach it like come come let me give you a strategy you do the strategy you're gonna make a lot of money we don't do that we're like okay you're gonna draw a line for support and resistance why even though it's longer that learning process it's a little bit longer but it strikes a nerve with people that says yeah why do i do that yeah and that's that's what we need to train them for that we need to tell them you got to learn how to do this don't be just a person that's just on repeat he said it so i did it they said it so i did it like don't don't do that why do you do it it needs to be important to you indeed yeah however this might sound a bit abruptly but the webinar is supposed to start right now so yeah apologies for everyone who's in the room and thinking oh my god why are you guys stopping out of this all of a sudden it's because we have actually scheduled a webinar right now so if you haven't registered already then go and quickly do it you can do it in two seconds at urbanforex.com forward slash live and you can attend the webinar on support and resistance there yeah i believe the link is in the video yeah the link should actually be below in the description is it going to be a good webinar Navin no no uh this was my best thing that's it the the next one hour i'm just going to waste time i'm just going to drink whiskey or something if you need that to relax the throat and so your voice is all oh no no everything then it's it's it's been six months i'm dying to do a webinar let's do this let's do this i'll see you in there all right see you all right thanks everyone bye bye
2022-09-11 16:20
