The Best Ways To Learn | At The Table By Urban Forex Ep.003

The Best Ways To Learn | At The Table By Urban Forex Ep.003

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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

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