The Best Ways To Learn | At The Table By Urban Forex Ep.003
all right all right all right good morning everybody good evening good afternoon uh welcome to the next episode of uh at the table with Urban Forex i have here with me Armand, Lucas, and Ian. My name is Navin Prithyani myself and wherever you guys are tuning in from whether it be apple google spotify or you're watching it here on youtube or an anticipation of the webinar that's coming up after this podcast welcome uh to the room and thanks for tuning in so today is a very important topic what are we talking about today okay lucas what are we what are we talking about today dodge coin that's going it is a very popular topic but but uh i think i think more than dodge coin we want to step it up a little bit and and talk about the the importance of learning how to to learn is that is that a good way to say it the best way to learn how to trade the best way to learn how to trade okay so you know i know when you probably read the title of this podcast uh it might sound like oh i think there's going to be a strategy that's going to be talked about in this podcast and he's going to show me what exactly must i do to make you know millions of dollars in less than 30 minutes but unfortunately that's not the case in this podcast we're talking about how do you learn fast okay how do you actually learn fast now all of you guys in here right now um what would you say your experiences are with um learning fast do you think this is an issue uh ian would you say this is something that can help people if they learn the art of learning faster uh yeah of course i think always learning the correct way to go about your training is always going to speed everything up i mean you can't you can't always just read fast you know to absorb the information you also need the right techniques too to go along with it so for sure i think it helps yeah so so is is then let me ask you guys this then so is okay let's say i read 100 words per minute is reading 5 000 words a minute the solution no not necessarily unless you want to be a reader right i get it but but for the sake of trading what do you guys think might be a a good way to go about it how do you learn faster i think there are a lot of ways to do that it's it's like you said we can give you all the tools you need but if you are not able to learn how to use those tools just knowing how to use those tools doesn't really matter and i think one of the best ways to learn faster is to tr it's it's true repetition okay yeah yeah okay that's a that's an interesting thing um repetition and i think it touches base on you know some of a latest service that we've recently provided in our Mastering Price Action 2.0 okay let's talk about repetition though why is repetition so important i mean when we talk about repetition i think the first thing that comes to our minds is probably that image of bart simpson's on the board writing i will not bunk class or i will not run out of my classroom or something just over and over again right yeah the other thing that came across when i thought about repetition was the famous Bruce Lee quote where he said "I fear not the man who has practiced ten thousand kicks once but I fear the man who has practiced one kick ten thousand times". There you go there's a difference there yeah well it's another popular thing right a jack of all trades master of none that's a very common thing as well yeah. So how does repetition help though? Armand? It's how the brain works right so um
when you learn something new the the best way of you know to to cement it is to take a break from it step away from it then try to repeat it inside your mind and then look at the information again and then it will be you know first of all you will recognize it easier but by looking at it again after you've you know try to think about it it cements so much better and then if you do this process a few times no this is solid this will never leave your mind again right or leave your memory again all right so let me let me ask you guys this thing so um we we have a doctor okay who's extremely extremely extremely smart he's got every single degree underneath the planet and you need surgery being done and there's this guy who has every degree known to mankind in the medical field and then you have one guy who specialises in what you need done and he's done that surgery 50 000 times with a 99 accuracy who would you go for the smart guy or the rep the guy who's done it over and over and over again the specialist yeah the repetition the repetition goes a long way yeah there is a power behind repetition that i think we all underestimate um that it really really changes the turns on how do you learn how do you how do you actually get behind something that you know especially in trading repetition is key this is why we use a lot of these replays and back testing and forward testing and all these systematic tools that come with trading right these days where they're like you can replay the market and practice what you know that's switching training like people call it back testing but it's actually training like right you're training for your job and your job is to trade exactly now so repeating and all these things so having said that if i want to learn how to trade i have multiple options right i can go to the bookstore i can buy a book i can read that book and i'll be done with that book and then i know more than i knew before that book right i can do the opposite i can say i'm not a 2d person i need a 3d environment i'm going to get online i'm going to watch a video in vr format or whatever and i'm going to learn and take classes but that video is recorded it goes from the beginning until the end and then you're done how do you really get that repetition in what can you do as a trader to get that repetition in you might be sitting there saying i need to learn i got to get good at this and i am not lazy i can actually do this so i've picked up all the books out there i've studied every youtube video out there i've taken courses but yet my progress is just isn't there yet but i know i'm very close oh you look for examples on the live market of of those principals principles sorry that were taught to you in that book or in that video there you go you're putting it into practice but in a safe way where you're not risking uh you know your account balance because you always have to protect your account balance there you go there you go and this is one of the reasons why you know um earlier in this year and some time ago last year as well we started introducing the daily examples in our training program right we we actually had this discussion i believe a year ago when we said how important is repetition um you can't just buy a book and then learn everything and hope to you know hope to master the markets you can't just watch a simple video and hope to master the markets by getting those examples coming in live every single day from the markets that really will give you that repetition that you need to really take your level of learning to the whole new level and if you do that with a little bit of a delay in between like you said armor that you know take a break step away from it come back and look at it again and that repetition really will uh kick in it'll really kick in yeah with those examples it will also be easier for people to um see you know which which principles are in in trading that they are you know a little weaker on because then looking at that example you might not be able to understand it immediately or you know maybe you're looking for these examples yourselves and then you compare it to the examples that we share and there's you know they're not matching exactly then you know okay this is this topic specifically there's some work to do here right right another thing too like with the examples like they're not always especially the trading the topic can be discussed in a systematic form in a book but it doesn't even though the concepts are all the same on the chart it helps seeing different ones every day as well repetition of seeing because they can although they're all the same principle viewing different examples every on a constant basis will give you okay that one's the same it just looks a little different here or you know this one's i get how they're the same but it's good to see them on the chart to see how they can vary as well you know um yeah yeah i i think on on this same topic a lot of traders like especially new traders when they think about repetition they'll go on to the charts and they want to look for one specific pattern and they hope to see that pattern over and over and over again but that's just not the case with the market because the market is always changing slightly some days more than none some days more than other days so i think we do a really good job with some of the examples from the MPA 2.0 where the the pattern or the chart may look slightly different but the concept is always the same so i think that's a really good point um brought up there right it's actually just like driving right it's the same systematic approach of how you get in how you start the car how you leave and go from destination A to B but that destination that route will ever so vary every time every single time you won't have the same cars in the traffic you won't have the same red lights sometimes you get them all green like it will ever so vary but the driving is exactly the same every single time but maybe the next time you might have a coffee in one hand so it's ever so slightly different okay so it's just like that but repeating it over and over again your brain learns to automatically adjust to the small nuisances that might arise all right so become a heart surgeon and you know how to do heart surgery yeah there you go and and if there is a doctor watching this who has every degree underneath this underneath the sun i am i'm sorry I do respect your education that you put into it but i will still go with the guy who has a lot more experience than a person who just has knowledge okay um uh okay i saw one person just left the channel all right all right well okay so repetition definitely is a very very big thing what else what else what else can we do to learn better learn faster learn more efficiently one thing i thought of actually it's it's felt in a lot of parts of life but especially with the training is you always want to surround yourself with people who have done it before experienced people people you can look up to um that you can learn from like to to just hang around with i mean don't get me wrong i got lots of great friends but none of them know anything about trading so if i want to like succeed in trading i'll maybe have fun with them on the side but when i want to learn how to trade i want to surround myself with better traders more experienced i can see how what they've accomplished in life it helps me motivate me to keep going and they have the experience and the the repetition again that i can learn from uh from them as well like i really like how you said that actually um you know um i've been in urban forex for what over a decade now like all this white hair comes from Urban Forex. like you you're not in Urban Forex is in you yeah. Well okay well Urban Forex has been around since it's been around I've been around together with Urban Forex and the whole concept of what Ian you just said about learning from more experienced people um starting off i see tons of traders saying me and my buddy were learning to do this me and my friend me and my wife me and my husband me and my uncle were learning trading together the thing is when you when you work with someone at your own caliber you don't learn as much the process is a lot slower it's like a blind man helping a blind man saying let me help you across the street i know the street and well that guy's blind too like what's gonna happen you know it's very dangerous but when you learn from someone who's been there done that they might not give you the time that you would expect but their limited number amount of time that they give you will still be far superior than you getting 24 hours from a person who's at your own level does that make sense like just spending like an hour with someone who's far more experienced than you in that industry will be a lot more valuable than spending an entire week putting in 20-hour days with someone who's at your caliber saying i think if we do this then we'll make some money i think if we do this then then the pullback will work better i think if we do this then this system will work that's a perfect illustration of a guessing game it is it's just two people guessing at the same time instead of one like you're increasing your odds of guessing better but you're still guessing right so it is a lot it is important um that you surround yourself like Ian says with people with a little bit more experience there's a there's a famous saying that you are the average of the closest five people you hang out with or spend the most time with so if the five people you're you're closest to or the ones you hang out with the most are lazy have no potential future they're not doing as much as you're doing chances are they're gonna drag you down it's just the way it is it's just the way it is and the flip side is true if you're the lazy guy and all four of your friends are high achievers and go-getters they'll pull you up automatically because you're gonna start feeling bad and you wanna be like them right so you will end up becoming that way okay you will end up becoming that way so it's a very powerful thing that you are the average of the closest five people you hang out with yeah and i think on on that that topic um i used to think about that a lot and i always wondered okay so i need to hang out with these five people that's smaller than me you know more knowledgeable than me and then i guess it's just not me like for a lot of people who are listening or watching this as well they'll be wondering "where do I find these five people in my life?" But actually in in this day and age it's very easy to get these so called five people because all you need to do is look up online maybe look for a mentor or listen to podcasts those will become those five people in your life and then those are the stuff you want to surround yourself with doesn't necessarily have to be a friend it can be someone online well like Urban Forex like Navin or some other podcast that kind of thing so that's a that's a roadblock that i used to have but now i understand you know in in in this day and age it's much more easier to do. Absolutely, I think that's a good point as well you don't actually physically or or personally need to know the person just by watching that content from that same individual that inspires you over and over again could be that one person that you add on and sing all right I'm learning from him or her whether it's a ted talk or something you see on vice or whatever it may be that you look up to and saying okay you know i want to be like that or you know you're watching shark tank or something and that's inspiring you and to making you think outside the box the more you do these things the better you become now isn't this same same truth behind people who watch these crime investigations they if they watch enough of it if just a glass of water goes missing from their table their brain will start solving a mystery and like you know what i left this glass here at 4 55 pm yesterday now it's not there i want to see fingerprints brush this table with powder like they go hardcore into that that level. It sounds like me. My partner changed the temperature of the ac last last weekend and I found out !
yeah yeah so you know the more you you start spending time with the stuff that you like the more your brain starts thinking that way it's really funny actually so having that said so repetition is a very very big one um hanging out with people who know more than you or at least finding if you can get access to that is very very valuable so for example let me tell you ask you guys this thing let's say i want to be a be a trader right but i'm not doing anything in my life to be a trader i'm not really studying i'm hoping to just jump on to someone's back and saying i'm going to become a trader because he's trying to become a traitor too and hopefully he'll drag me along with it that never happens in real life you can't just hang on to someone and then hope you become a trader that's never gonna happen because it's a personal game it is not someone else's victory and then you will automatically succeed it's not a company in a company you can do that as a trader you cannot it is you as your own physical fitness sort of like as if you're running a marathon either you win the marathon or you don't it's as simple as that but your friend winning the marathon will not do anything for you it will not do anything for you okay at the end of the day he will get the medal he'll get the prizes he might give you a little something on the side but it won't do anything for your future okay so you have to remember that you have to remember that so if i join a telegram group that says a free group for traders how useful will that be for me it won't it won't it's going to be a whole bunch of people with a whole bunch of opinions everyone's screaming on top of their lungs i am right i am right you're wrong you are wrong it's not getting anywhere probably you'll get a bunch of scammers in there as well there there will always be scammers in there right so it it slows you down it slows you down so a lot of the work that comes into picking the right people some research needs to go into it to find out why do i want to listen to Warren Buffett why do I want to listen to Paul Tudor Jones you know doing your background doing your research and then going hardcore into it makes you a better trader so repetition was one finding ways to spend time more time or asking questions to someone who's senior to you in your in your field that's important what else what else the one golden key ah so I know that I know this is the one that you you personally like this is like the the most gangster gangster way to become a better trader what is it armor give it away post analysis post analysis all right tell me about that in the comments i see nice yeah yeah i see it in the comments too starting to come out all of you guys in this room how many guys uh who's attending live here right now can say post analysis is if you don't have your five friends if you don't have repetition power post analysis is your answer post analysis is the best way now all right you guys have been around in the industry as a mentor and as a coach for ages and ages and ages i want to hear all the downsides first about the post analysis of of people of people who don't do pulse analysis people who do some post analysis and people who run away from it i want to hear all the downsides of it first before we go into the pros let's hear all the cons why you shouldn't do post analysis why people don't do post analysis oh no there's excuses like it takes time or the same old excuses you'll get you'll get for everything it takes time or people are too shy to do it even if they are only sharing it with themselves people have technical issues where if if you want to talk about post analysis where you record yourself well they don't know how to do that or they forget about it in the heat of the moment because you know part of the post analysis it starts the moment you start to do your analysis or when you're done with your analysis or and then they do the trading and they forget to do you know to write down any notes that they could use later on for post analysis so yeah there's a bunch of excuses none of them good yeah isn't it kind of funny all we need is one experience in real life to change the way we think but it doesn't happen in trading let me explain you go to a supermarket you see a person standing outside the supermarket completely hooded up and everything and you get this feeling of i think he's gonna ask me for money or he's gonna rob me one of those things where you get that tingling feelings and your spider senses start going up or whatever you want to call it where you're feeling weird you're like what is going on even though you're trying not to be prejudiced and that comes up somehow and it proves to be right what do you think is going to happen the second time you go to the supermarket and you see that same design or everything again what will happen right well the brain the brain as much as you might say no give everybody a fair chance this world cannot be painted with one brush your brain as a pattern recognition monster will say be careful when it comes to trading when we make a loss why doesn't the brain pick up on that though why doesn't the brain pick up on hey when you did this last time it's a loss be careful when you're getting into the next trade i think the most famous i think the most famous thing amongst all traders and the most costly one is this time it would be different this time it'll be different this time it'll be different that was last time that's okay this time it's better it's going to work this time you know yeah so it's hope is all-time high skipping post analysis comes with an idea of oh i lost a trade i made a loss or a small win whatever it might be and the brain immediately goes oh i know i know i know why i made the mistake okay that's my fault and we brush it off and go directly into the next opportunity why why does that happen you're good at bullshitting yourself that you know that every human is an exploit action no an actual master at bullshitting him or herself and there it is what you do with post analysis is you you write it down and you know writing down [ __ ] is a lot harder uh or you record yourself and then you see yourself speaking and again it becomes a lot harder to to play that trick on yourself yeah and i saw just somebody in the comments saying uh yeah there's no one to critique my pa but it doesn't even matter you're your own critique there and as soon as you start writing it down or recording yourself you're no longer tricking yourself yeah i don't know how many of you guys here in the room you know we got like 500 plus people listening in right now um i don't know how many guys here in the room actually have gone through the motivation and daily routines that we have set up in that in that program we talk about how the mind is the weakest link when it comes to power which means if in your mind you think i'm going to do better if in your mind you think i know what the problem is and here's how i'm going to solve it is the least powerful methodology from for changing that if you take it a step higher which means you verbalize it you say it with your mouth you bring it out into reality that's the second most uh second least powerful the third one is while verbalizing it you also write it down now you've put it into paper it is it is now onto paper your thoughts have left your body and come on to the real world whether in voice now with voice on paper you take the fourth step above that which means you take action physical conscious action towards it that's where the real change comes in so by recording a pa you are already taking that actionable step of you're telling yourself by hitting that record button and saying i am doing this pa but subconsciously you're telling yourself i want to get better it starts with that red button being clicked and you're saying i am doing this because i want to be better whether the pa is done in a horrible way you know that shouldn't be done which is what we're going to talk about in the upcoming webinar on how to do your pas to perfection but just by doing that action you're saying i didn't do good i want to be better or i did good i still want to be better okay pas are not just for people who are losing these are people for who want to perform who want to be better than yesterday yeah yeah sorry irma what were you thinking well being able to replicate that that win that you just did being able to do it again and doing it doing it again consistently and with size right and with size how will you know that when you're when your setup that you like to trade comes up again how do you know like oh that's the one i like it when it's exactly like that you know what i'm going to size up this time okay you can only get that confidence with that repetition through the post analysis uh Ian yeah ? i think P.A.s are even like the best for for losing trades as hard as it is as hard as it is to admit that maybe you did something wrong which is maybe another reason why people don't do them sometimes actually that like admitting that you did wrong even to yourself and bringing it out there it goes a long way to improve and like trust me like i've done a lot of post analysis and like after you hear yourself repeat the same mistake multiple times like you get kind of tired of of saying the same thing to yourself over and over again and you change right right and it just it helps reinforce the good and the bad i guess it's not always bad but it's the good and the bad whether you did something right or wrong right right it it's so powerful i can't tell you so i'll let's let's step into the pros of the post analysis i remember several years ago when i rented out a a cabin out in Switzerland and i flew in Lucas and some of the colleagues at that time Lucas i think you remember the cabin we were out in the French alps not we went through Switzerland but it's a French option if i say Swiss alps they get angry so the French alps side that we were at you remember that we were in? yeah Morzine that's the one. Even with trading well okay for years and years of trading well under my belt and i do pas well under my belt there are still times that i personally go on tilt sometimes where i have to talk to someone i remember i still remember this day very very carefully where i told Lucas like Lucas i need to speak to you and we stepped outside into the balcony it's freaking snowing and stuff outside but we're still out there in the balcony he's smoking away and i'm telling them listen i don't know if you're gonna understand anything i'm saying i just want you to listen because i need to get this out of my system and the first thing that came out of my system was i'm not trading so well and i think it has a lot to do with the fact that me being your mentor right now and you're here to train i'm trying to prove something to you by me letting go of that ego it's basically a post analysis right by me letting go of that ego i calm down i neutralize and i can reboot many people don't reboot without that uh self-reflection they can't their ego is too strong to let themself reboot they don't reboot how many guys here agree with that? What about you guys what about you guys here? Ian, Armand, Lucas? you guys agree it helps you reboot right yeah definitely it helps you reboot helps you reboot reflection is key not not just in trading but anything in life you know you want to be a good partner to to your husband or you to walk to your wife you want to be a good uh father or mother or aunt or uncle or whatever it may be a good friend um you know self-reflection being open to critique doing something with it and and showing yourself uh in a vulnerable position as well yeah because that that's what's probably stopping many people from you know doing self-reflection is it could you could put yourself in a very vulnerable position absolutely yeah and it's the most even it's even harder today right wouldn't we say with the world being so busy our schedules being so busy we don't even get time to think about our actions and saying was that right was that wrong did i hurt someone's feeling we should i have not said that we just go through it like okay next i gotta go to this meeting or next i gotta go to my job i gotta pick up my kid we don't have time to think of our own actions and evaluate it we're just going through life and saying whatever we feel like saying doing whatever we feel like doing and then coming home at night before going to bed saying i can't live this life this way i'm not getting any better well you have to think about how you're going to get better you got to give yourself that time that that moments of self-reflection right trading is exactly the same way isn't it yeah and and i think sometimes people avoid self-reflection because sometimes or even most of the time honesty is really when you're being honest with yourself sometimes it could be very very scary because you're it's like admitting something that you have never admitted to anyone else before and only you yourself know that part of yourself and to actually address that sometimes it's not as easy as as it is and people try to avoid that and that's that's just not healthy way of living i think absolutely absolutely all right let's talk about some of these uh skills that you guys do for self-reflection post analysis okay i'm gonna i'm gonna share i'm gonna share minds and i want to hear how you guys did as well because i'm curious of what steps do you guys take all right how many of you guys have seen me go to maldives all the time all the time right now do you know why i go to maldives now to a to a normal person Maldives is like honeymoon destination it's like that's where you go after you get married and you go once in a lifetime i go there literally all the time why and i i wish i can get the staff of of all these resorts i go to to come online and tell you what i actually do in these resorts what do i do there but why i go there is i live in dubai right now many places that i go i'm always working if i'm in a restaurant sometimes the staff recognize me from that restaurant like oh you're the guy from youtube urban forex i got a few questions blah blah and then it goes on from there then i finish that conversation and some people from the prop firm they need help i need to get on a call i have a question about this trade we do that sometimes there's some work that needs to be done at urban forex or some work you know accounting paperwork needs to be done for my firm here in uh in dubai so it's constantly busy busy busy busy busy where every three months or or so i gotta take a break and pull back go to maldives secluded onto an island internet is bad so i can actually say oh i can't get on the call guys my internet is bad and now i'm forced to just sit there look at the ocean and look back and be like what am i doing wrong with my trading what's the purpose of my trading why am i even doing it should i be trading a smaller time frame should i be trading a higher time frame how often do i want to trade am i paying too much in commissions things i would never think about just by being busy i think about in those moments and then those moments have become the most precious to me where it's like this post analysis is the best because it's a lot it's sort of like a life post analysis as well not just trading and they become the most precious to me because that's what helps me to excel faster than the average person because i take that time to self-reflect and be like what am i doing wrong how can i help people better and faster as much as i want to help every single person out there i can't answer every single email i can't sit with everyone an hour a day it's not humanly possible so how do i do it and that's where the daily examples came from one of those meditations where i said i'm going to provide that repetition in a way that in our course never been done before we're going to do it how we're going to do it we'll find the resources to pull together and we'll get we'll get it done and that's why this year we came up with the daily example sets right so what are your what if what are some of your guys tools on how you do post analysis whether for your trading what are your you know tips and tricks and hacks that you would like to share with everybody on how you self-reflect for your trading or otherwise lucas so generally what i do is i'll look at my analysis before taking the trade and see what i was actually looking at because like we all know when we are in a trade we could be doing stuff that we are not intending to do that kind of stuff so after the trade is done i'll rewatch uh what i actually spoke about before taking the trade analysis and then see if i actually did what i wanted to do and then if i was following my plan then that's a good job i'll re reinforce myself to do the same thing again but if i'm not doing the same thing as i plan then i'll try and figure out why i'm not doing the same thing was there uh something between me taking the trade and after the trade is done where something went wrong with my read or some colleague colleagues just message me and say oh this trade is not going to work that's why i closed the trade that kind of thing so i'll try and figure out if the plan is followed like how i wanted it to right and if it's not followed like how i wanted it to then i'll try and make any fixes necessary right right you do that and um do you do it just video format or do you do outside video format as well most of my trades i do in a video format and then during the weekends i'll take screenshots of the traits and then write a small journal over it just to reinforce what i need to learn and what i need to do going forward okay good see stuff like that that's pro right that's pro what what normal person does that unless they're told to do that you see what i mean the average person doesn't take that self-responsibility to say i want to be better therefore i must do this they go to college because mom and dad told me to go to college they go to work because my wife forced me to go to work like they do everything because someone tells them to do so but when you take upon yourself that you actually want to be better and you take those steps needed to be better and not just keep looking for opportunity oh man it does wonders it does wonders uh Ian what is your experience with it? First I think the one main thing I try and do is i'll never for myself anyway i'll never do my post analysis like straight away like right after like whether it was a win or a loss i'll almost always take 24 hours okay uh in between times just to like and i know my emotions aren't involved anymore and i can come back to the charts and and and re-analyze basically with a clear head um you know depending on whether it was a loss or a win maybe i'll take time away from trading or not but um but when i come back i'll read and also while i'm in the trade-off i'll sometimes record myself how i manage it while i'm so i get that i get that um in trade emotions because there's always like different things going on in your head you know at the time that you're trading more so than before and after so when I come back I'll reanalyze the market again with a fresh mind and then see how that compares with my pre-analysis and my my mid-trade videos and see am i reading it differently now and and figure out whether i was right wrong and where i can improve that's generally my steps i take with all my usually video formats okay great right yeah fantastic like these are good pointers right these are good pointers all right I want to turn this into a little bit more fun thing, okay? Armand, I'm gonna do a quick round of fire quick questions and you're gonna have to answer them in a split second okay ? All right, the topic is "would you hire me for your prop firm? okay Armand, I am a trader, I've done - is this question or no> - No all these things i'm stating is going to be related to that okay related to that question "would you hire me for your prop-firm?' okay so, Armand, I am a very good trader I'm extremely profitable i've done 10 thousand trades i have done four thousand post analysis would you hire me uh only if you did the four thousand post analysis on the last four thousand trades okay okay nice nice all right armor um i've done 10 000 trades i'm extremely profitable um but i've done all my post analysis in here i know what i'm doing wrong no okay all right Armand, I am a developing trader i'm a developing trader and uh i have a 50 win rate I promise you I will be the best trader I can be. I need you to hire me trust me I'm going to be the
hardest working person i've done 2 000 trades this year so far i haven't done any post analysis but if you need me to i can do it would you hire me. There's a lot of trusting going on so probably not. okay okay now let's end with from the five people that you like to hang out with would you even choose to hang out with me uh who what personality are we talking about no actual naveen pritiani i'm just saying that traitor who's coming up to you would you even hang out with that person uh no he talks too much without saying much okay thanks but you see this is this current state of many many many people out there do we agree i i swear man just give me a chance i'll prove it to you why would you prove it to me going forward why can't you prove it to me with what you've done so far why do you always need to prove to me in the future what about up until now what have you done right so when we're running our prop firm on our end i run through these same questions in my mind where everyone who's coming up to the prop firm has great intentions everyone's a nice guy why would i hire them why would i hire them what what is it that makes them better and if i teach them certain tips and tricks how do i know they will develop on it and become better and be the next seven-figure trader i don't know it's a gamble right it comes down to two things and that's data and mindset and one can complement the other they don't both have to be at a very high level if one of them is at a high level the other one can be a little bit lower absolutely absolutely they need to be together i would say um and yeah with the right mindset yeah they both need to be there to some extent uh but one can be a little bit higher than the other absolutely all right, Armand, I am a trader, I am not very profitable, I am just slightly profitable I've done 1000 trades, I've done 1000 post analysis in video format and I've also recapped them on the weekends with another 1000 screenshots following it would you please hire me and i want to get better i know you know what to do, would you hire me? Yes yes please. Now notice notice how why are most saying yes to that individual even though he is not claimed to be as highly profitable as all the other people interesting isn't it you go you go on a person who has the skill sets to grow you don't go on a person who got lucky okay you don't bank a bankroll on a person who won the lottery but you get you go after a person that says oh this guy has been proven over and over again that this guy's got the skills that can be better and better and better yeah somebody who had heart surgery and not somebody who won the lottery basically over and over again comes back to that damn doctor he's also showing the desire to do it himself it's he's not having someone else ask him to do it so it's like you know that he wants this for himself because he no one's he's self-motivated and and willing to work at it so that goes a long way too absolutely the natural mindset it is and the fact that he's approaching you after doing all of that stuff actually shows you signs of there is a huge growth potential in that individual it's very strange because the amount of emails that we get saying please train me um i want to be better i know you can help me and i'm going to do whatever you need me to do i want to help everybody i just can't these are wrong mindsets these are wrong mindsets to take under my wing and saying i got you from this day onwards i want you to quit your job i want to stick with stick with me i'm going to tell you everything you need to do and keep going just stay on track you'll be fine but we don't get that we don't get that right not one.
It's interesting how the industry is but the flip side is can you get to the other side is it hard or easy no it's easy it's it's not like some talent that you know you're either born with or not you know this is something that you can just start doing and make it a habit yeah okay can we learn how to record our screens absolutely how difficult is that if i don't know how to do it find someone who can teach me how to do it i'll get it i'll i'll get it going right i don't need to show it to everybody i just it's it's for me it's my personal thing right all right so Marianna Mendes is saying "hard work beats talent". You guys agree? 100 any day any day okay hard work definitely beats talent any day because talented people generally get lazy they call it slightly right sorry they call it sweat equity sweat equity yeah there you go there you go all right so what we're gonna do i'm gonna you know thank you guys for coming on to the podcast what i'm gonna do is i'm gonna turn this now into a webinar where we're gonna talk more about uh how to do post analysis in a correct way i'm going to show some examples on how we do post analysis in the Elite Community and i'll show some post analysis onto our prop firm on how our traders do their post analysis and what they and how they approach it okay sounds good so if those of you guys listening in if you want to watch the entire webinar um then it will be posted below this podcast okay or if you're watching this on youtube the link will be below the video as well all right guys thanks for tuning in let's now move on to the webinar thank you guys here Armand, Lucas, Ian, I'll take over from here.
2021-05-14 01:15
