00:00:00
so we've just hit over 100,000
00:00:01
subscribers on the channel and I wanted
00:00:03
to do a special video to show my
00:00:05
appreciation I wanted to talk about the
00:00:08
smartest path to make $10,000 a month as
00:00:11
a Trader I wanted this video to be raw
00:00:13
unfiltered without all the editing just
00:00:16
me to you and I want to share some
00:00:18
advice with you that you probably will
00:00:20
only hear from a very small group on
00:00:23
YouTube so going on 5 years now I went
00:00:25
wide in the industry when it comes to
00:00:27
learning and I went very deep and I
00:00:29
studied different markets and I've set
00:00:31
with different types of Traders from
00:00:33
influencers to to some of the
00:00:35
professionals at the highest level so
00:00:37
what I'm going to share with you comes
00:00:38
from combination of private
00:00:40
conversations me making 10K a month as
00:00:43
an engineer as an entrepreneur and as a
00:00:46
Trader so I know how to do it and I know
00:00:48
what 10K can do for some of you some of
00:00:51
you if you made 10K a month it would
00:00:53
change your life it'll give you the
00:00:54
ability to leave your job to buy some
00:00:57
nicer things as well as to provide a
00:00:59
different lifestyle for your family
00:01:00
right um some of you may be like me I'm
00:01:03
married with three kids I take care of
00:01:07
extended family so I've always been in
00:01:09
this game to make way more money so 10K
00:01:12
a month has never been my target um but
00:01:15
I thank God that I I've surpassed that
00:01:17
and I can talk about it as if it's a
00:01:19
non-consequential number that's just
00:01:21
because of where I am now and I hit my
00:01:23
first 10K month using funded accounts
00:01:26
okay so I just want to be clear about
00:01:27
that I had a little bit over 200k and
00:01:30
funding and I just made a little bit
00:01:33
over 5% right so that's the route that I
00:01:36
I took and I want to give you two routes
00:01:38
there's a better route in my opinion um
00:01:41
but depending on where you are one route
00:01:43
may be better for you so I hit 100K
00:01:46
subscribers let me tell you just a
00:01:47
little bit about myself right so since I
00:01:49
was young I've always had a business
00:01:51
I've always wanted to make a lot of
00:01:53
money I come from hardworking moral
00:01:55
parents who struggled financially but
00:01:59
they instilled in good character they
00:02:01
instilled uh good morals and so I've
00:02:04
always wanted to Excel and make a lot of
00:02:06
money to change the Dynamics of my
00:02:08
family as well as get into philanthropy
00:02:11
and make changes in the society so like
00:02:14
many of you listening I didn't come from
00:02:16
a lot of money there have been some
00:02:18
months where I've made more in one month
00:02:22
than my parent has made annually so I'm
00:02:25
in a blessed position because of the
00:02:28
foundation that they gave me so I'm not
00:02:29
a person that came from money so I
00:02:31
always had a business I end up going to
00:02:33
University um to be a software engineer
00:02:35
so even while I was in the University I
00:02:37
went to class and my time spent out of
00:02:40
class was working on my business growing
00:02:43
my income growing my business Acumen I
00:02:46
was always trying to figure out how to
00:02:48
be an entrepreneur because I knew with
00:02:49
entrepreneurship I could scale and
00:02:51
eventually make my first million then
00:02:53
make my first 10 million then make my
00:02:55
first 100 million then I can become a
00:02:57
billionaire I went to be an engineer and
00:02:59
I worked at as an engineer dominating I
00:03:02
was always the youngest in the room I
00:03:04
was always the youngest leader in
00:03:06
different organizations that I worked in
00:03:08
and I would constantly hit a cap as an
00:03:10
engineer so I ended up making a good
00:03:12
good living as an engineer but if I
00:03:14
wanted to make a million dollars one day
00:03:16
the most realistic route was
00:03:17
entrepreneurship or something like it
00:03:19
where the effort that I put in could be
00:03:21
scaled or my direct effort and
00:03:24
contribution and creativity could scale
00:03:26
my my earnings and I couldn't do that on
00:03:29
my job so so I had several
00:03:30
entrepreneurial Ventures and the way I
00:03:32
got into trading is my brother was
00:03:34
trading stocks we were working for the
00:03:36
same company and I think he made our
00:03:39
yearly salary in two months and he had
00:03:42
been trading stocks for about two years
00:03:44
so that got my attention and it's hard
00:03:47
for me to switch careers because I'm the
00:03:51
type of person that I really have to
00:03:52
know that something I have to know that
00:03:55
something is real it's tangible it has
00:03:58
realistic earning potential because I am
00:04:00
married and I have three kids and I have
00:04:02
extended family that I take care of
00:04:04
right so there's a lot on my shoulders
00:04:06
so I ended up calling one of my friends
00:04:08
I got into Forex mistakenly first
00:04:11
instead of stocks but we'll talk about
00:04:13
that a little bit later so now I jump
00:04:15
into Forex and this is my mindset and I
00:04:18
think this is why you all have grown
00:04:20
with me this is why the channel is
00:04:21
growing I'll tell you my mindset my
00:04:23
mindset when it comes to learning
00:04:25
something is to dominate it is to master
00:04:28
it right so I said you know what I've
00:04:31
been an engineer I've been a
00:04:33
professional I've been a corporate how
00:04:35
what's the fastest way for me to learn
00:04:38
and become proficient at trading so as
00:04:40
an engineer I was I was one level
00:04:42
beneath the VP or like the assistant VP
00:04:46
right uh in one of the companies I
00:04:49
worked for and I was pretty young to be
00:04:51
in that position and one of the ways
00:04:53
that I did it is I read everything I
00:04:55
could everything in my particular Niche
00:04:58
on engineering so let's say there's a
00:05:00
coding language called JavaScript I read
00:05:03
about 20 books on JavaScript and from
00:05:06
different perspectives so that I could
00:05:08
achieve Mastery from learning from those
00:05:10
different perspectives right so what
00:05:13
happened is I came through one
00:05:15
particular Avenue with Forex I Saw the
00:05:17
influencer space as well social media
00:05:20
but I quickly shifted because as I was
00:05:22
reading different books I have a list of
00:05:24
50 books and I said you know what I'm
00:05:26
going to read these books so that I can
00:05:28
gain knowledge of this new domain that
00:05:30
I'm stepping into and I can see some
00:05:33
things that and if I learn from the pros
00:05:35
or those that have mastered this craft
00:05:38
then I would be able to navigate a lot
00:05:40
faster so what I didn't know and what I
00:05:42
come to know later on is that 50% of the
00:05:47
books that I read could have been
00:05:48
written by people that were not
00:05:50
profitable okay so you don't so when you
00:05:53
come into the industry you don't
00:05:54
understand that there people on YouTube
00:05:56
that aren't profitable there are people
00:05:57
in these communities there people on
00:05:59
social media they're showing a lifestyle
00:06:02
they're telling you how much they made
00:06:04
but they have no third party
00:06:05
verification but they aren't profitable
00:06:08
right so I digested a lot of information
00:06:12
but where my Turning Point came is when
00:06:15
I found s SMB Capital so I read Mike B
00:06:18
Fury's book uh one good trade and this
00:06:22
this really shifted my
00:06:24
entire uh perspective on trading then I
00:06:27
read his second book The Playbook then I
00:06:30
went and got their education and a few
00:06:32
others this is when I saw like the
00:06:34
Quantum Leap in my trading so just
00:06:36
imagine I'm trading Forex but I'm
00:06:38
learning from professional stock Traders
00:06:40
so a lot of the groups that I was in and
00:06:42
I was going through funded challenges
00:06:44
and this helped me pass fund the
00:06:45
challenges and get payouts a lot of the
00:06:47
groups that I was in you you hear
00:06:50
contrary ideas right you hear the pros
00:06:53
saying one thing and again there can be
00:06:56
different types of professionals but
00:06:58
what I found in my reading and in my
00:07:01
trading there was a line of continuity
00:07:04
and logic amongst the prot traders that
00:07:07
I found and that's what I'm bringing to
00:07:08
YouTube because many of the retail
00:07:10
traders that are being educated from the
00:07:12
social Med social media layer of Traders
00:07:15
uh a lot of the stuff that we're taught
00:07:17
in the social media space is actually
00:07:20
contrary to what is going on in the Pro
00:07:22
space so if you want to make 10K a month
00:07:25
you're going to have to master or you
00:07:26
want to possess four skills okay the
00:07:29
first first one is Playbook with Edge
00:07:31
right having an understanding positive
00:07:34
expectancy so when I first started I was
00:07:36
just consuming all these patterns
00:07:38
consuming all these different strategies
00:07:41
but I hadn't heard any conversation
00:07:44
about Edge and about positive expectancy
00:07:47
okay so that's number one number two is
00:07:49
execution having the ability to execute
00:07:52
that edge okay number three is a good
00:07:55
risk plan okay having a daily stop
00:07:58
having a weekly stop having a monthly
00:07:59
stop exponential bet sizing betting a
00:08:03
consistent amount on your Easy Money
00:08:05
plays sizing those up or when you have
00:08:09
confluences stacked in your favor you
00:08:11
add sizing okay and then the fourth one
00:08:14
is professional mindset psychology so
00:08:18
when I first started learning I was
00:08:20
learning all these four together which
00:08:23
was a huge mistake okay so listen to my
00:08:26
interview on my page it's the the way of
00:08:29
the CPT podcast with Lance breitstein a
00:08:32
lot of stuff that I'm talking about when
00:08:34
it comes to Edge positive expectancy and
00:08:36
I'm going to make some comments about
00:08:38
market efficiency here um pretty soon a
00:08:40
lot of that he covers and he's a
00:08:42
verified Trader he's made over 10
00:08:44
million for over three consecutive years
00:08:47
he's made at least $30 million as a
00:08:50
verified Trader from ver verified from
00:08:52
multiple sources okay so one of the
00:08:55
things that he emphasizes if if you've
00:08:57
been learning from someone that doesn't
00:09:00
have Edge and you've been you've been at
00:09:02
it for five years you've been wasting
00:09:05
your time and if you're focused on
00:09:07
psychology and you have no Edge and you
00:09:10
haven't had an a system with Edge for
00:09:12
three four five years then you you've
00:09:14
literally been wasting your time okay so
00:09:17
on the pathway to to to 10K the very
00:09:21
first thing that I would be focused on
00:09:23
and hyperfocused on is finding PlayBook
00:09:27
finding strategy or a handful of them
00:09:30
that have Edge that have positive
00:09:33
expectancy that have true Edge okay now
00:09:36
when it comes to Edge the founder of SMB
00:09:39
capital I was listening to him now what
00:09:42
I'm going to say for some of you all is
00:09:44
standard if you come from a certain
00:09:46
Community I find that in certain
00:09:48
communities this is standard language
00:09:50
and and common knowledge but where I
00:09:52
come from in the Forex space this isn't
00:09:55
common knowledge now this is going to be
00:09:57
good okay if you've been struggling you
00:09:58
say hey Abdullah I don't have any Edge a
00:10:00
lot of people come and say man I've been
00:10:02
trying for four five six years and I
00:10:04
don't have any Edge and I and I'm able
00:10:06
to help them turn it around because of
00:10:08
what I'm about to tell you right now
00:10:10
okay so your pathway to 10K um what I'm
00:10:13
about to give you now it may contribute
00:10:15
to you achieving this 10K a lot faster
00:10:19
or I may be able to remove something
00:10:22
that is inhibiting you from
00:10:24
accomplishing that 10K okay with this
00:10:26
knowledge that I'm going to give you
00:10:27
right now so they went from just a
00:10:30
pattern-based strategy they went from
00:10:33
Trading just a a basket of instruments
00:10:35
like maybe just trying to trade spy or
00:10:38
SP SPX or ES or trying to trade the q's
00:10:41
or Nas 100 or NQ right or just trying to
00:10:45
trade oil or gold they went from Trading
00:10:48
just a basket to finding the symbols
00:10:50
that are going to give the widest range
00:10:53
of movement right that are going to give
00:10:55
you directional skew so what this did is
00:10:58
this allow them to consistently beat the
00:11:00
market because they're constantly
00:11:02
looking for the stocks that are trading
00:11:06
with the most volume and trading with
00:11:08
the most range and you all know if you
00:11:11
some of the days that are the most
00:11:13
intoxicating if you trade indices let's
00:11:15
say you trade Futures you trade NQ you
00:11:16
trade es those days that are most
00:11:18
toxicating are the days that you have a
00:11:22
massive drop or a massive rally and it's
00:11:25
hard to make a mistake on these days
00:11:26
right so when I heard him say that they
00:11:29
look for the stocks that are in play and
00:11:32
they look to take just a small piece of
00:11:34
that many times just scalping or
00:11:36
intraday it it changed it changed the
00:11:38
game for me because what I had noticed
00:11:41
is that I would make money I would make
00:11:44
the most money on us30 ym or svx or Nas
00:11:50
100 on the days when you had the widest
00:11:53
range of movement and I would be losing
00:11:56
and I would get chopped up in my account
00:11:58
and I would go into draw down
00:11:59
on the days with the tighter range so a
00:12:02
part of that was I needed to develop my
00:12:06
selection process okay I need to become
00:12:09
more selective so the very first step in
00:12:12
my opinion is to take a step back
00:12:14
wherever you are right now some of you
00:12:16
all are just starting some of you are
00:12:19
two years in some of you all are four
00:12:21
years in okay wherever you are now if
00:12:24
you're just starting I'm I'm glad you
00:12:26
arrived here this channel is all about
00:12:28
bringing the profession profal knowledge
00:12:29
to the independent retail Trader like
00:12:31
you and I okay it's great that you
00:12:33
landed here first now take a step back
00:12:37
okay you need to look at your strategy
00:12:39
your system and you need to ask yourself
00:12:42
do I have a way to select when I'll have
00:12:47
the widest range of movement for my
00:12:49
particular strategy do I have a way to
00:12:52
select to be selective to discern when
00:12:56
my symbol or my tickers are in play
00:13:00
versus when they aren't okay and then
00:13:02
number two is after I decide that they
00:13:04
are in play do I have a consistent
00:13:08
repeatable method of extracting money
00:13:11
and does that system work over a period
00:13:13
of time it has to work over years okay
00:13:16
so that's that's one question that you
00:13:18
have to hyperfocus on okay now let's go
00:13:21
a level deeper now while you're
00:13:23
answering that question want to let you
00:13:25
know that I also found out that some
00:13:27
markets are harder to beat consistently
00:13:30
than others okay so it's common
00:13:33
knowledge amongst Pros Forex indices and
00:13:36
commodities and then stocks and you have
00:13:38
other crypto right and I'm not saying
00:13:41
it's impossible to beat the market when
00:13:43
it comes to Forex but it's very
00:13:46
efficient so Forex is one of the hardest
00:13:48
markets to beat consistently year over
00:13:52
year over year over year for years okay
00:13:56
then after that indices and commodities
00:13:59
okay and then stocks now why is that so
00:14:03
with an individual stock you have events
00:14:06
that happen let's say you have apple
00:14:08
they come out with a new product or they
00:14:10
come out with earnings so you may have a
00:14:12
rally strong rally with mult multiple
00:14:15
percent gains or multi-day rally that is
00:14:18
caused by an event okay so after that
00:14:21
event you have some price Discovery with
00:14:23
indices you have with SP SPX you have
00:14:25
500 companies so there's a lot of
00:14:27
Randomness because those 00 companies
00:14:29
are moving right there's a higher degree
00:14:32
of Randomness with an index versus an
00:14:36
individual stock okay then stocks
00:14:38
themselves give us more data than
00:14:42
indices and commodities as well as Forex
00:14:46
okay you have more pure data you have
00:14:49
not only you have the price data you
00:14:51
have the volume that is actual okay um
00:14:55
that's traded you have a lot more
00:14:57
information when you move over to
00:14:59
indices the volume uh that you have
00:15:02
available it's either the speculative
00:15:05
volume from the the Futures exchange or
00:15:08
the speculative volume from ETFs this
00:15:11
isn't the actual volume traded by those
00:15:14
500 different stocks okay so there can
00:15:17
be Divergence in the volume that you
00:15:19
actually have access to and then also uh
00:15:23
those uh like the indexes the indices
00:15:26
their tape um is dominated by alos
00:15:29
dominated by alos so a lot of that a lot
00:15:32
of times it's hard to get um meaningful
00:15:34
data it's not impossible right so if you
00:15:37
listening to this I'm not I'm not
00:15:38
telling you that it's impossible because
00:15:40
I've helped a lot of people come to me
00:15:42
they're trading NQ they're trading es
00:15:44
they're trading ym rty and they need
00:15:48
they need help with the selection
00:15:50
process and also bringing in order flow
00:15:53
and a lot of them turn around their
00:15:55
careers a lot of them I help get funded
00:15:58
get their first payout
00:15:59
by bringing those elements that I
00:16:00
mentioned uh to them some of them have
00:16:03
got have have made 10,000 15 20,000 a
00:16:06
month from uh changing to this model
00:16:08
that I'm talking about now okay and then
00:16:11
Forex Forex let's say you have uh Euro
00:16:14
USD you have the ECB and you have the
00:16:18
FED right you have the Euro economy and
00:16:20
you have the US economy you have
00:16:22
inflation interest rates you have a lot
00:16:24
of monetary policy decisions you have a
00:16:27
lot of things that are going on um so
00:16:29
and then there's there's less events
00:16:32
that come into the market to inject some
00:16:35
price Discovery into the degrees of
00:16:38
Randomness so if you are trading Euro
00:16:42
USD every day on a live account I'm not
00:16:44
talking about funded Traders so one of
00:16:46
the challenges that with funded Traders
00:16:48
from my perspective like I could be
00:16:50
totally wrong okay but I've interviewed
00:16:52
a lot of funded Traders and what I found
00:16:54
is that people have masked the
00:16:57
efficiency the debate because there's an
00:17:01
inefficiency in the funded space okay
00:17:04
you can hit the reset button right so
00:17:07
you just need enough Edge you can buy 10
00:17:09
challenges you pass four of them you get
00:17:12
payouts on three of them right so you
00:17:14
can make money there's an there's a
00:17:15
there is a valid uh inefficiency in the
00:17:18
eval space that can be exploited um and
00:17:21
people teach it people just teach you
00:17:22
how to go aggressive U how to develop a
00:17:26
challenge to payout ratio where you're
00:17:29
paying for challenges some of them
00:17:31
you're going to lose you're going to get
00:17:32
enough payouts some of those funded
00:17:34
accounts you lose uh over time but you
00:17:37
can just restart okay so the thing is is
00:17:40
that you can point and say hey I know
00:17:41
such and such trades EU but what you
00:17:44
don't see is how many accounts they've
00:17:46
blown how many times they've went in
00:17:48
draw down and they recovered because
00:17:51
they could restart okay or they could
00:17:53
rotate accounts right so the
00:17:55
conversation I'm having you with you
00:17:57
right now uh
00:17:59
just think about it okay and now here's
00:18:03
where I get into advice for each of the
00:18:06
different types of people that are
00:18:08
listening how do you get to your first
00:18:10
10K okay so now I gave you the four
00:18:12
skills that you have to develop and we
00:18:14
talked about building a Playbook with
00:18:16
Edge now here's my advice okay if you
00:18:19
are a new Trader and you want to make
00:18:23
10K a month eventually I would recommend
00:18:26
that you skip Forex you skip indices and
00:18:29
commodities and you go directly to
00:18:31
stocks now a lot of you are probably not
00:18:34
expecting that advice there's a learning
00:18:37
curve you may say well uh what about the
00:18:41
inefficiencies that exist in the eval
00:18:43
space while they do exist the people
00:18:46
that are extracting the most money out
00:18:48
of the eval companies are those that
00:18:51
have been trading five years or more
00:18:54
generally that's it's there are
00:18:57
Exceptions there are outliers but but
00:18:58
generally out of the traders that I know
00:19:01
majority of them that are extracting a
00:19:03
lot of money they've been trading 5
00:19:05
years or more so the learning curve
00:19:07
that's that you're going to face to
00:19:09
learn Forex uh like currencies you can
00:19:12
trade currencies with Futures to learn
00:19:15
uh to trade currencies or to learn to
00:19:17
trade indices or Commodities that
00:19:19
learning curve is going to take about
00:19:21
two to three years generally so while
00:19:25
you're learning and trying to pass these
00:19:27
challenges there going to be some
00:19:28
changes and by the time you get your
00:19:30
first funded account you may have a 50k
00:19:33
account which is literally a 2K account
00:19:36
or $2500 uh dollar account by the time
00:19:38
you get funded and you're learning how
00:19:40
to get you know how to beat the indices
00:19:43
consistently while doing that you get to
00:19:46
the point to where you're funded you can
00:19:48
make money but in my opinion because i'
00:19:50
I've traded both and I've actually help
00:19:53
students transition to being
00:19:56
unprofitable and then being profitable
00:19:58
with indices and then going from indices
00:20:02
to stocks and I can see how I've made
00:20:05
more money uh I I've had greater level
00:20:09
of consistency trading stocks and then
00:20:12
I've seen how it's helped students once
00:20:16
they've made the transition you have way
00:20:18
more opportunities okay let's take two
00:20:21
people they go through a two to
00:20:22
threeyear learning curve one person as
00:20:25
they're going through their learning
00:20:26
curve with stocks they're saving up
00:20:29
some money okay they save up 5K they
00:20:32
save up 10K okay if you save up 10K that
00:20:37
is actually equivalent to 200k worth of
00:20:41
Futures accounts okay your 10K is worth
00:20:44
200k in Futures accounts okay so you go
00:20:48
through that learning curve now you have
00:20:49
your own 10K and then you have Futures
00:20:52
accounts in one you're trading indices
00:20:55
and the other you're trading stocks
00:20:57
let's say the person has the same skill
00:20:59
level the person that is trading stocks
00:21:02
is going to smoke the person that's
00:21:04
trading indices in my opinion why
00:21:07
because that person that is extracting
00:21:09
the money let's say they're hitting base
00:21:12
hits on indices those base hits won't be
00:21:14
there every day and then also the range
00:21:18
of movement for the indices will be a
00:21:20
lot smaller so the person that's trading
00:21:23
stocks there are 7,000 stocks in the
00:21:25
market there's activity every day
00:21:27
especially for the scalper
00:21:29
so once you build your scanning criteria
00:21:32
and you filter down you'll find the base
00:21:34
hits but also then you'll have Runners
00:21:37
like stocks are moving 30% in the day
00:21:39
50% in the day 100% 300% 600% in the day
00:21:44
so sometimes you'll have days where you
00:21:46
may have a five R 10 R trade uh because
00:21:50
you have a stock that is running um and
00:21:52
then you may actually trade different
00:21:55
stocks in the same day so um I believe
00:21:59
if you're starting out right now and
00:22:01
you're looking at the eval space as uh
00:22:03
you know it's promising you may want to
00:22:05
consider this alternative route uh
00:22:08
because in my opinion it's a longer term
00:22:11
move especially being a person that has
00:22:14
survived losing accounts with eight
00:22:17
different eval firms because either they
00:22:19
went down or they had uh banned us
00:22:22
Traders okay so the account flipping
00:22:24
space that space in the Forex space may
00:22:27
not work consistently but there are
00:22:30
several verified stock traders who have
00:22:33
grown small accounts why because the
00:22:35
number of opportunities as well as the
00:22:38
the range of movement okay you can have
00:22:40
crazy breakout days where uh you have
00:22:44
some crazy gains on a smaller account
00:22:47
now let's say you're not new and you've
00:22:49
been trading indices commodities for
00:22:52
about two years and you just you just
00:22:55
haven't really been able to find Edge
00:22:57
this is where I would say you may not
00:22:59
want to shift all the way uh you can
00:23:01
bring stocks into your into your assets
00:23:04
or you just try to adopt the system that
00:23:07
I mentioned before right I've helped
00:23:09
several people that have come um become
00:23:11
profitable by developing their selection
00:23:13
process okay being able to discern which
00:23:16
day is the best day to trade indices you
00:23:19
can use other things you have ADD addq
00:23:21
you can bring in other types of analysis
00:23:24
to help you trade the indices and then
00:23:27
also you have a few setup
00:23:28
that you trade but you validate your
00:23:31
entries and exits that can help you get
00:23:32
to multiple eval accounts and get you to
00:23:35
the point where you know maybe you have
00:23:37
five Apex accounts maybe you have five
00:23:40
Futures accounts and you can hit that
00:23:42
10K a month by with those five Futures
00:23:45
accounts maybe you take 2K a 2K payout
00:23:48
on each one of those accounts you
00:23:50
continue to scale accounts across
00:23:52
different firms you could easily then
00:23:55
hit 20K in a month 30k in a month 40K in
00:23:58
a month month by stacking those accounts
00:24:00
up now so if you're a person that's
00:24:02
there and you need help hit me up okay
00:24:04
we'll get you situated now how do you go
00:24:07
fulltime okay how do you transition in
00:24:10
into fulltime let's say with 10K you can
00:24:13
live off of it so if you're a young
00:24:15
person I'll say let's start there if
00:24:17
you're a young person it's just you I
00:24:19
would recommend if you're in college or
00:24:21
if you're living with your parents stay
00:24:23
with them okay focus on building the
00:24:27
skill everybody wants to make the money
00:24:29
but if you focus on skill development if
00:24:31
you watch that interview with Lance
00:24:32
Bryson he talks about how the first two
00:24:34
years he didn't make any money he
00:24:36
actually he was in like a negative
00:24:37
60,000 draw down and he was next to a
00:24:39
person who was making 100K a day or uh
00:24:42
he was make he would have 100K days so
00:24:45
the average person is not just going to
00:24:47
jump into the market jump into trading
00:24:49
and then automatically start making
00:24:50
money you need to invest into skill
00:24:53
development so find people that aren't
00:24:55
just showing off lifestyle and who are
00:24:57
who actually teaching real trading okay
00:25:00
and learn focus on skill development and
00:25:02
building a track record for yourself and
00:25:04
saving up your money so either you're
00:25:06
going to if you decide to go the eval
00:25:08
eval route save that money up first if
00:25:11
you do eval challenges do like small
00:25:14
accounts but you shouldn't even invest
00:25:17
any money into a live account until you
00:25:20
have identified that you have a Playbook
00:25:22
that has Edge okay you have a few Easy
00:25:24
Money trads Easy Money plays that you
00:25:27
can consistently to make money with
00:25:29
right so stick there with your parents
00:25:32
build up your Capital if you want to go
00:25:35
stocks like I said go stocks have the
00:25:37
capital you know get you $2500 $5,000
00:25:40
10K in an account and save up work work
00:25:45
save up save up scholarship money save
00:25:49
up money from a job put it into uh a
00:25:53
safe place that you're going to use to
00:25:54
trade after you build up a track record
00:25:57
and make sure that you have a consistent
00:25:58
strategy now if you're a person like I
00:26:00
was that has a family that has a lot of
00:26:03
responsibility and people and and and
00:26:05
the ship can't go down if the ship goes
00:26:08
down then uh you'll be in trouble if
00:26:11
you're that type of person then I would
00:26:13
recommend that you build a cushion okay
00:26:16
so you're working working working you're
00:26:18
learning learning learning you're
00:26:19
trading hyperfocus on the Playbook and
00:26:22
having Edge that's I can't emphasize
00:26:25
that enough if you don't have any Edge
00:26:27
then you just you you're focusing on
00:26:30
psychology and risk management and
00:26:32
execution but the bottom line is you
00:26:35
cannot make money if you don't have a
00:26:38
system that has positive expectancy okay
00:26:41
so save up a cushion consider taxes
00:26:44
right so if you say you want to make 10K
00:26:47
a month normally you're saying you're
00:26:49
telling me what you need to actually
00:26:52
have to pay your bills and to save a
00:26:54
little bit of money you have a trading
00:26:56
business as an eval Trader you're like a
00:26:58
contractor so when you get paid from the
00:27:01
eval firm you're going to have you have
00:27:03
to pay a percentage of that in taxes if
00:27:05
you're trading live there's a benefit
00:27:07
from Trading Futures like when it comes
00:27:08
to taxes um but you have to consider
00:27:11
paying the tax man okay so if you need
00:27:14
10K to live off of and and save you need
00:27:18
to make more money than 10K you need to
00:27:20
make more money as a Trader okay I I
00:27:22
would say set your targets high but
00:27:25
maybe sit down with your accountant and
00:27:27
map about how much money you need to
00:27:29
make and how much will be taxed for the
00:27:31
year and then break that down monthly
00:27:35
okay and then know that some months will
00:27:36
be greater than others right so you may
00:27:38
want to double that amount like I didn't
00:27:40
I didn't say uh when I make 10K a month
00:27:43
I'm going to leave my job no like I had
00:27:45
higher targets because I understood the
00:27:48
things that I'm telling you now some
00:27:50
months will be better than others okay
00:27:52
all right so the path Playbook with Edge
00:27:55
first if you trade what is moving
00:27:58
that's 50% of the battle then have a
00:28:02
consistent Risk Everything is a bet
00:28:04
trade everything is a uh you know a
00:28:07
lower risk trade until you build data
00:28:10
number three uh execution focus on
00:28:13
mastering the ability to trade that that
00:28:16
system that you have number four would
00:28:18
be psychology professional mindset and
00:28:20
while you're doing those things focus on
00:28:22
Capital sit down think about what makes
00:28:24
most sense for you stacking up eval
00:28:27
accounts or going live maybe going the
00:28:30
stock route um and I have to emphasize
00:28:33
again if you have an eval account let's
00:28:35
say you have a 300K account and you have
00:28:38
10% draw down that's a 30k account and
00:28:42
there is a risk with companies going
00:28:45
down you know some of the traders that
00:28:47
have been exploiting and and taking
00:28:49
advantage of the prop space you can go
00:28:51
on Twitter you see people looking for
00:28:53
eval firms right so it's again it's a
00:28:56
great way to start but you have to think
00:28:58
about what you're going to do especially
00:29:00
if you have a family to take care of
00:29:02
okay so think about if the funding space
00:29:05
is the is the best route to go versus if
00:29:09
going like the stock route like I know
00:29:11
Traders I just went to lunch with them
00:29:13
um not too long ago he says look I start
00:29:16
off with 60k at the beginning of the
00:29:18
year and I think he's up about f um I
00:29:21
think like 480k this year that's the
00:29:24
difference between the stock space you
00:29:27
can generate a lot more money from a
00:29:28
smaller account because of amount of
00:29:30
opportunities and range versus in uh you
00:29:33
know the Forex the indic space like eval
00:29:36
space we just focus on getting more
00:29:39
capital and then uh taking advantage of
00:29:41
the opportunities but the gotcha the
00:29:44
thing that isn't talked about a lot is
00:29:46
the market efficiency conversation right
00:29:49
so while it's not impossible I know
00:29:52
people that do make money in Forex uh
00:29:55
trading indices and commodities and I'll
00:29:57
trade I'll trade those when they're in
00:29:58
play I found stocks to be a lot easier
00:30:02
um to make money uh than indices and for
00:30:06
consistently so here's some things to
00:30:09
think about I'mma do a part two where
00:30:11
we'll just talk about strategies right
00:30:13
this was just laying out some things now
00:30:16
going on five years having met a lot of
00:30:19
the uh traders that are online that are
00:30:22
known in social media as well as been in
00:30:26
the room with professional verified
00:30:30
multi-million dollar eight fig Traders
00:30:33
and and also being very well read uh in
00:30:36
the industry these are some things that
00:30:39
I wanted to bring to the table for you
00:30:41
to consider thank you for supporting the
00:30:43
channel and helping us reach 100K please
00:30:46
leave in the comment section what you
00:30:49
likeed from this video also want to
00:30:51
leave a poll so you can tell me what you
00:30:53
want to see for the next 100K uh we're
00:30:56
we're aiming for a million we want to
00:30:58
help bring the Professional Knowledge to
00:31:01
the retail Trader like you and I you're
00:31:04
one of those traders that have been
00:31:05
trading indices and you're looking to
00:31:07
firm up your selection process and bring
00:31:09
order flow into your trading uh book a
00:31:13
call with me in the description below
00:31:14
also I'll be doing a lot more content on
00:31:17
stocks in the near future please like
00:31:19
And subscribe if you want to see a video
00:31:21
on how to bring order flow into your
00:31:23
trading watch this video
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