196 · My First Year Trading Full-Time: Prop Trader, Ryan Trost

by birtanpublished on August 5, 2020

Markets speculation and risk this is the chat with traders podcast hosted by Erin Fifield hi team welcome to episode 196 this is the third in the series of my first year trading full time episodes and it will probably be the last one for a little while now but my guest who you

Are about to hear from is Ryan trusts he is an equities trader at SMB Capital in New York City if you follow the SMB YouTube channel then chances are you've probably seen Ryan in a few of the videos at the time of recording this

Which was actually early on in February 2020 Ryan had recently crossed 12 months since starting at the firm normally I don't hold on to episodes for this long before releasing but with some of the

Recent episodes being relevant to current events this one did get pushed back a little bit if you recall February was around the time when Tesla was going parabolic so that's where our conversation begins with Ryan speaking

To how he was trading around its massive intraday ranges from there we chat about Ryan's trajectory in life prior to trading how he landed a seat on a proprietary trading desk lessons from losing money month after month how he

Began to develop an edge ryan's take on trader psychology a recap of his best and worst days and areas in which he's trying to improve upon as this was recorded a couple months ago I did check in with Ryan just recently and found out

He has been progressing well since for anyone who's curious I've included an up-to-date equity curve in the show notes they can be found at chat with traders comm / 1 9 6 and seen as this episode is a bit lengthy I might try to

Include some time stamps in the show notes too so you can skip around if you're interested in hearing certain things and now without any further delay I present to you Ryan trust I've been tackling is really just you

Know picking my spots super carefully so obviously we'll end up getting into more of you know my system and and how I'm specifically looking to capture these moves but a lot of the guys here at the firm looked to try and trade it you know

Be involved for the entire day trade around the Wiggles but when it gets to the point that the Wiggles in the stocker you know twenty to thirty point Wiggles that's when you know for a new trader you know it's only been a year it

Can become almost impossible to really figure out how to control your risk so I've been looking for really clean intraday patterns like you know wedge breakouts momentum breaks things like that you know where I could put risk on

Quick being the money quick and not really have to overthink it because if you overthink a stock that Wiggles like that you know you're just gonna eat yourself alive losing out on the spread yeah it's definitely it's definitely

Been way harder than I thought it would be this past couple days yeah I mean obviously all I haven't been trading it but I've been sort of checking at each morning when I get up just to kind of see what's been happening overnight and

It looks very difficult to trade just at a glimpse you know oh yeah for sure have you been playing it on the long side as well as the short side yeah definitely so I've been you know I've been trying to maintain the mental

Flexibility to be able to play it both ways just because when you have a stock that offers that much range potential you know you can make your money all over the place so I've been trying to keep in mind what I think the bigger

Picture is like obviously as it was going parabolic on the daily in the back of my head I'm thinking all right when is this big short gonna set up when it's this big short going to set up but you know at the same time still trying to be

Involved in any type of the price action you know that worked really well for a little while these past couple days I've had to kind of dial it back you know as we move to you know what you call the back side of the trade it topped out had

That big you know explosion to the downside at the end of the day what was that Monday or Tuesday and then obviously gapped down and now it's you know it's 200 points off the high before that really happened I was doing a good

Job at recognizing that it was most likely gonna go higher and you know the trades to the long side until it collapses and then I have to start switching okay now it's the back side let's start shorting this try and

Think about the really big trade and you know at the same time the Wiggles are just so insane that you can scalp around long if you want to as well so I guess what I really been trying hard to do is to remember what the bigger idea is just

So that I don't miss it while at the same time recognizing you know it's a great trading vehicle right now hmm so I'm sure you've been burnt on it a few times as well like over the past like week or so have long you've been

Trading it I think you may have said if they've been involved in it past like few weeks yeah definitely I definitely taken my fair share of rips as well as having a couple like really big trades in it and you know when I took the rips

And mostly was just a product of you know not being specific enough like giving it too much room you know getting in like you know a couple Lots putting on feelers and the next thing you know you're down like five ten points and

You're on the wrong side of it and if you get on the wrong side of the stock that moves that much then you start to eat yourself alive you know death by a thousand cuts and those are the days that really added up I don't really ever

Take big outsize singular losses you know it's not like I'm in a position and I'm sitting through a 20-point drawdown my bad trades usually come from you know trying the same relative idea you know two three four times and taking a couple

One our two our losses you know those add up quick these sorts of moves like we've seen in Tesla have you you've been trading about eighteen months or close to have you seen anything like this before I don't think I've ever seen it

With such a high beta stock we're a huge market cap when I first started trading at the firm you know on the demo was right around like the marijuana stocks in the us start to go insane and you got like that big pot stock bubble where

A tilray T o ry went from like 40 or 60 bucks all the way to 300 top take 300 and could collapse like a hundred 50 points from there that was the first time you know in my trading career that I saw

Any type of like just ridiculous daily chart parabolic and then obviously you know as I dive further into trading I sort of see that a lot with low flow companies so a lot of people to firm here trade low float stocks you know

Stocks and biotech stocks that are up on you know whatever news their floats are extremely small so they get locked and they you know have these crazy drives in price but now as far as like just the sheer size of the move you know the

Market capitulation just I don't even know if doubling tripling in such a short period of time I haven't seen anything like it and I think a lot of people will probably say the same thing you see so many comparisons to you know

The tech bubble mm and how everyone's like oh yeah this is something that was happening you know five to six times a week back then I'm like aw I'm glad I'm not trading during that time because this isn't saying too stressful yeah you

Know you come in and you basically owe it to yourself to stare at this symbol all day you know there's plenty of other AI ways to make money other ideas and you just can't peel yourself away from the shiny object and I think that you

Know that that affects so many traders here at the firm – so easy to get you know your blinders on and think I'm gonna hit that 100 point move and tehsil today you know I'm gonna have my biggest day everybody it's gonna get paid and

Then in reality we're all just taking massive rips yeah so would you say overall the past few weeks you've you've made money and Tesla you've yet you come out flat or you've lost money I've actually ended up making money in it not

As much I guess at the end of January you know before this week I got caught up in it Monday and Tuesday but prior to that I was up a lot on it like more than I have been up on a single symbol ever and you know which is just a product of

The opportunity didn't do my best nailing the backside of it you know getting a short opportunity so I think I gave a little bit away into that but I think I still ended up decently green on it which kind of surprises to me judging

By the past couple of days that I've had but no fair okay well let's take a step back Ryan sure obviously the purpose of having the discussion with newer less experienced traders is to kind of hear

You know how you came to be where you are now what you're sort of first 12 months looks like and that type of thing so first things first what was your trajectory what trajectory were you on career-wise prior to trading so I went

To school at the University of South Carolina and my major was biomedical engineering so you know didn't really necessarily have like a huge science-based background in high school just kind of came in and you know I knew

I wanted to be an engineer I didn't know specifically what kind of wanted to be and you know honestly what the flip of a coin decided to do biomedical engineering you know so heavy on biology chemistry physics things like that and

Went through all four years of undergrad you know never thought about trading once and then I ended up in my fifth year I went to get my masters and during that fifth year I started to get introduced to trading so you know the

Story behind that is is kind of what built the trajectory in the first place and I think really you know I'd previously mentioned my girlfriend's father and that's kind of at the root of everything

And that's that's quite the little analogy if you want to hear that story yeah well let's hear that because obviously you've told me about that previous conversations but for anyone who's listening to this podcast now

Probably won't be familiar so yet share a little more around that place yeah sure so you know tales all this time met a girl in college you know we fell for each other had been dating quite some time and she's from st Louis so you

Know one day if I go meet her family and I'm speaking to her dad and her I walk into his office in the house and you know he's got all these monitors set up and big desk and I can tell that you know he's definitely doing something

Related to stocks so I walk up to him and you know we're sitting at the computer and I'm I'm having him you know walk me through what he's doing because obviously there's some things going on here that I don't understand

And me being the type of person who's always thirsty for knowledge I was looking to try and figure out I I knew he was making money I wanted to you know get exposed to what was happening here and he pulls up all the screens and he

Starts you know talking me through you know what he does for a living how he makes money trading stocks no strategies and you know his journey and you know next thing you know it's been three or four hours and you know my girlfriend

And he's nowhere to be found she's throughout the house with her mom doing doing whatever and me and Tom Canfield who's her father are sitting there you know shooting all about stocks for three hours and he made a very specific point

To highlight you know these parts of the game that I ended up falling in love with you know it's easy to learn technical patterns it's easy to learn you know how to be analytical and how to you know execute trades but the end of

The day the most important thing to being consistently profitable trader and my opinion is is your mindset good you know how do you deal with psychology how do you deal with your emotions how do you deal with taking a bunch of losses

In a row how do you deal with the fact that your everyday life is completely ingrained in your performance here you know any performance-based job things that happen in your peripherals are gonna affect your performance so he

Started talking a lot about you know his journey and and what it took for him to get to where he is now and how you know it's so much more than just making money it's about learning about yourself leveraging your

Personality learning you know what your demons are what really makes you lose money what makes you get on tilt and I started to understand that okay there was more going on here than I had previously thought

You know I had heard about penny stocks I had heard about stuff like that you know from kids at school business majors but never really understood what it meant to be an active intraday trader so getting exposed to his first first time

I asked him I was like what do I need to do if this is something that I wanted to do for a career I'm extremely interested obviously it can be a lucrative career as well and he actually gave me two books to

Read the first was trading in the zone you know trading classic perfect introductory book for trying to figure out what it really means to understand the psychology behind trading and the other one he gave me was the playbook

That Mike himself wrote so that was my first introduction to anything SMB you know anything here at the firm douve right into those books and you know before I knew it really just started to fall in love with the idea of what it

Could mean to be a trader okay so at this point how long had you been studying to be a biomedical engineer mmm let's see it was at least four years because I had gotten my undergraduate degree was probably like four years and

A couple months you know handful of months I was going into my master's program okay so this is what I want to ask you what sure how did you make the decision to quit pursuing your masters and instead pursue trading so obviously

Trading has a lot more uncertainty than plan a yeah definitely so that's my parents yeah so when it ended up happening is I didn't make the shift right away to leave school before I started trading you know it wasn't okay

You know what I'm leaving school and I'm gonna start to trade I was starting to trade on my own on a condemned OA count even before I left school so that September of my my fifth year my graduate program I opened up a futures

Account so you know the end of the day my original background in Trading comes with trading the sp500 futures and learned about market profile you know learns about how to use market internals to make decisions and really dove into

Doing basically two lines of study at the same time my current career which was trying to become a biomedical engineer trying to get my Master's thinking about PhD programs while on the side in my free time

Studying everything I could about you know how to trade the S&P 500 futures and basically it got to the point where I was trading on a demo account and I put saves up some money I Bart ended in in college eventually saved up some

Money to fund my own futures account you know you can fund a futures account with like 2 grand you know you don't really have to save up a ton of money it's the most leveraged market that's kind of where you end up either sealing your own

Fate or giving yourself an opportunity to actually trade considering the leveraged and take some people for a ride but eventually got to the point where I had an active account I was trading on my own I had done a decent

Amount of study to try and figure out you know looking back I had no idea what I was doing but I thought I did and I thought I could do it on my own without a firm or you know without anyone elses help I thought I could just start

Trading my own account and and be a retail trader and do school at the same time around the winter of that year so finished the first semester of my master's program it was the winter that year and I'd realized that you know

I knew what I wanted to do with trading I knew that there was some crazy potential there and I think it was the same kind of potential that a lot of people think about when they think about trading you know how much money could I

Make you know I could be a millionaire I could you know be the richest person ever and you know those the guys of you know what it really sounds like to be a trader everyone you meet who's really successful they make tons of money and

You can almost get blinded by or romanticized by the idea of that and I think I definitely fell into that when I first started obviously as the journey went out throughout the year those things started to change but I think the

Idea that I could have like this fast-paced lifestyle like extremely challenging career that would challenge me mentally you know in it it was in and of itself extremely challenging and that's really

What I wanted to do I felt like I wasn't being challenged in school I didn't really love what I was doing you know biomedical engineering became such a saturated career over the four years that I was there people around me were

Like wondering what their jobs are going to be you know you were either going to become a doctor or you were gonna go get a PhD or you had to go right into the field and I really just didn't know what I

Wanted to do with it so I think it was a combination of one being attracted to kind of the prestige of what it would mean to be a successful day trader and then also probably a equal amount of the fact that I really didn't know what I

Wanted to do with my current trajectory you know and I think a lot of people in school feel the same way and you know a lot of people realize that you know becoming an adult or graduating from school or starting a new career can

Sometimes be a crapshoot you don't really know what you're gonna end up doing until you get that first job I think the idea of that kind of scared me you know I didn't really know how I was gonna leverage my talents in my career

That I was doing and trading kind of all of a sudden shone a light on what I could potentially do you know all of a sudden there was this opportunity that I had never heard of before and I had a mentor you know who cared about me and

Who really wanted me to succeed and was willing to tell me everything that he knew over 20 plus years of trading and I'm sure you know if worse came to worse you could always fall back and continue your masters from where you left off how

Old were you at the time so let's see I was 22 at the time I was in my master's program and yeah it did help to have that you know and I should I should have mentioned my parents as well we're extremely supportive with the idea that

You know I could start this new career at first you know it took me a little while to convince them really you know why I was doing this you know trainings not just gambling my parents really didn't know anything about the markets

Or anything like that obviously I remember 2008 I remember you know what it was like to grow up during that time and that kind of you know produces a certain certain type of understanding of you know financial

Markets so I'm not gonna say that they were super thrilled that all of a sudden I left being an engineer to do this completely uncertain career but I think they could tell that I was passionate about the idea of in that you know I

Thought that doing this was what was going to make me really happy and and challenged and feel fulfilled but yeah you know obviously I did I did have a fallback and a lot of people don't have that but I never really

Thought about the fact that I might have to fall back you know like having that certainly you know deep inside made me feel better but I didn't want to ever doubt myself and I think that's kind of almost a necessary thing you know

Especially in a performance-based job like you really can't doubt yourself or you know it's so easy to just fall into really bad habits so you funded an account to trade futures was that with $2,000 or was that with a little more no

I think I think I literally had the minimum amount that you could to open up an account I cash see started trading futures intraday full-time what kind of success we having at that point so it's interesting and you know this is why

When I look back like I I think it's been a really crazy time like if you started trading two years ago you know just look at the markets like if you pull s py or or the Nasdaq or anything like that the past two years since 2018

Have been you know interesting for financial markets the week after I started trading live with my own money the VIX crisis happened so you know volatility started to really expand for the first time you know 2017 was one of

The most historically non volatile periods that we've had in history and all the sudden you know in 2018 the volatility products explode and we get this huge sell-off and I watched that live you know I was living in an

Apartment with a couple buddies of mine a couple of fraternity brothers and we were all kind of huddling around the screen when they weren't in class and they were trying you know to watch what I was doing and see whether or not I was

Going to make any money and stuff like that you know because they didn't really understand what I was doing it may be I didn't even really at all either but that day I remember watching the markets just collapse and thinking in my head

Okay I really have no idea what I'm doing so maybe maybe it's not the best time to you know actively start trading this money so for the first couple weeks following that I really I really don't remember me

Any money I don't even know if I made any trades because the Rangers in the spies were so you know an NES for things that I had never seen and you know I'm talking to I'm talking to Tom and I'm like you know do you know what's going

On here like should I be involved in a market this volatile and I really don't even understand what volatility is I don't know why these VIX products are blowing up you know I don't really understand what's happening here

So you know those first couple of weeks actively trading live full-time with my own money I don't really think I did much if anything you know looking back I definitely lost money because I remember out of time I made like a couple of

Trades and you know they didn't have the micro amenities at that time every take is fifty bucks I'm sorry every point is 50 bucks an es you know for the two thousand dollar account you know everyone thinks about

Ideally you'd like to risk you know one to four percent if you're a really good risk management so I'm risking like a hundred to 150 bucks to trade it doesn't take that long to dwindle down to $2,000 account if you have no idea what you're

Doing so you know learn very quickly that one I was completely ill-prepared for the markets that we were that I was involved in considering I had only studied you know historically low volatility markets to didn't have a set

System which trading market profile was trading off some levels that Tom would give me you know trying to make inferences trying to learn how to read market internals the nicey tick the ad line things like that but never really

Understood what it meant to develop a system you know have a playbook have specific trades that I take that have statistical edge that I can back tests you know that I could build up a business around it was basically just

Out there you know slinging like trying to make trades and and trying to hit in and hit out and racking up fees taking quick losses getting upset of the fact that I was failing and not really doing well you know and and quickly quickly

Realize that trading full-time on my own was going to be extremely difficult with the amount of capital that I had so I'd be sometimes trading on a Robin Hood account trading options you know but everything was all kind of around

Trading you know the spies and the overall market you know had it really dived into trading individual stocks because I never learned how you know right away what Tom taught me was you know if there's anything to learn you

Should learn the most liquid market because it's infinitely scalable you know you could drop in and out of you know tens and hundreds of contracts if you just think about how many points you need to make a week how many points you

Need to make a month you could scale it up by contracts everything's risk reward know dollar amounts you know it all sounded very structured and regimented and I think for a new trade or one that's necessary

And two I thought that it would be really easy to all the sudden just get in my car I owned Lee need to make two points a day in the spies and the next thing you know the rain two points a day in NES and the next thing you know the

Ranges are opening up 20 30 40 points intraday and I have no idea what I'm doing and I'm you know taking two three point losses all over the place next thing you know that account that was 2000s you know under a thousand and the

Margin requirement for es futures it's like 500 bucks so I'm like I can only take like one or two more losses and I'm not gonna be able to do this anymore it so had to start you know infinitely looking for more ways to leverage the

Small amount of capital that I had it's not like you know I saved up a bunch of morning before I tried you hear a lot of stories about people becoming traders and having tons of money or that they saved up from previous jobs leaving

Their jobs and then starting a new career you know I was a broke college kid you know saved up money bartending I was working 11:00 to 3:00 no 11:00 at night 3:00 in the morning Friday Saturday Thursday bartending and took

All that money that I could and you know put it together and funded this account and very promptly lost almost all of it so kind of realized that one I needed to really learn what it meant to be a consistently profitable trader I needed

Somebody to help me to capitalize you know I had no money I needed somebody to fund me I needed somebody to teach me and you know I really just need to be backed and exposed and in a situation where there were other traders who were

Making money and that's you know what if eventually led me to SMB obviously I had read Mike's book and was talking to Tom about you know I want to do this full-time I've been doing it while still you know at the end

Of my lease with all my college buddies everyone was moving on to graduate my girlfriend Annie is she was gonna graduate we're trying to figure out what to do I know she's moving to New York I'm from New Jersey so my family's all

Around there so I started looking for firms in the city and you know I don't think that there's any firm the beats SMB in the city and I had already been exposed to you know his book and I knew what the firm was about had watched

Videos on YouTube you know I generally knew what type of program was going on there you know I knew that this firm produced profitable traders and I wanted to be one of them okay so you you came to the realization that having a two

Thousand dollar account which dwindled down to probably less than a thousand dollars very quickly wasn't going to cut it wasn't going to be to become this bigshot trader what you started to explore other

Options one of those been looking into trading for a proprietary firm right SMB you were familiar with did you explore any other options were there any other firms which you tried to apply for I didn't apply for any besides SMB because

I applied here and I got the interview relatively quick I think to when I applied and then you know the process snowball to the point where I honestly didn't even have time to think about anywhere else I kind of just put all my

Eggs in one basket which you know isn't necessarily the best idea but it worked out in my case luckily but I loved everything about what they were doing here and and I knew that they had a strong strong founding and education you

Know this isn't the kind of firm where you come in you buy in with you know five grand or whatever you have of your money you know the firm doubles your intraday margin or something like that and once you lose that they cut you you

Know here we take pride in the fact that we're looking to develop you know the next seven-figure trader so the firm covers downside risk there's things like stipends to help you out your first year or two and I was very attracted to the

Prospect of you know working with a firm like that so no I didn't explore other options because it kind of was a sweetheart deal for me you know it checked all my boxes and you know I I respected Mike and I knew dr s was

Stepping into the firm it was dr Steen Barger who I know it's been on the podcast as well before so I knew that there was high level talent here I'd seen videos my current mentor shark has– does a bunch of videos he's

A seven-figure trader you know so I knew that there was enough resources here that I could become what I wanted to be common no didn't really need to look anywhere else tell me about the process from applying to landing a spot on the

Desk what did that look like yes so the way that we bring people on here is every fall we bring on the new class of developing traders so I applied to be a part of the 2019 class and once I got my application in I sent in you know a big

You know my resume and you know all that stuff that you send in for jobs and included a cover letter where I just talked about how I had trading experience you know it studied you know under Tom had you know two tried with my

Own money I knew how market profile works I had this big overall market understanding background got the interview came in and we did two rounds of interviews the first one I spoke with one of the onboarding traders so you

Know one of the traders here basically does the onboarding process it's switched up over the last year so I'm not sure who does it now but I came in and had an interview with him his name's Dan and we were going over you know my

Background what led me to trading why you know this is what I wanted to do basically all the things that we've gone over so far and that was the the first interview which went relatively well and then I moved on from there I met a bunch

Of the traders on the floor and the idea of the interview process is that it all kind of culminates with talking to Mike you know obviously it's his firm he's the he's the one who's gonna have the final say so the interviews with all the

Traders you know I met some people talked about what they did and then got the interview with Mike you know now that I got to know he was quite intimidating at first I will admit had that interview with him

That went well and then you know had come I think a couple weeks went by before I heard anything but eventually I got an offer letter essentially through email that said they'd like to have me as part of

The class came in in September and you know from then on I was I've been at the firm so you know we can talk about the exact process of starting out at the firm as well yeah let's get into that very shortly I would just like to ask

You before beforehand sure what was some of the questions that you were asked like some of the the more important questions I think the most important question and the most important thing you really want to bring into an

Interview like that is whether or not you have trading experience you know you don't necessarily need to traded a live account I think to get a job at a trading firm especially one that focuses on kind of developing you from the

Ground floor you know we're gonna teach you really simple setups we're gonna teach you risk management and things like that but you always want to have some type of an edge over the rest of the competition you know this is just

Like any other career it's extremely difficult to get a job at a place like this so you have to have something that sets you apart so when you get asked a question you know have you ever traded before do you have any type of live

Trading experience if you can power out right away you know a sheet filled of trades that you've made you know in the past 3 to 4 months you have specific setups that you know that you like those are the questions I think I responded to

That really put me ahead of other people I knew that I was extremely focused on the psychological aspects of trading I wanted to leverage my own personality I wanted to take advantage of my confidence I wanted to really challenge

Myself and and pick the hardest thing that I can do and and strive to excel at it so a lot of the questions were really centered on you know do you have any trading experience you know what really sets you apart and you know if you have

Really good answers to those that can be the difference between you continuing to be a retail trader who might struggle and then you know landing a seat on a professional training for all right well let's move into your

Experience starting out on the desk so if I understand correctly you were put on a demo account to begin with can you tell me a little bit about that and also I'd be interested to hear about how much guidance did you receive on what to

Trade and how to trade it etc yeah definitely so kind of like the process here at the firm is you come in you know you get set up on the demo account and we have about one to four meetings a day as a developing class we come in at nine

O'clock and we do a pre market prep you know we all talk about our trading ideas what is in play what could we potentially trade on the day then become in an eleven o'clock and that meeting is when you go over your trades that you

Made in the morning 12:30 we do reading the tape where one member of the developing class will show a video a recording of their screen on any particular day of a set up they took a trade they missed a stock they liked etc

Then there's a 1:30 meeting which is uh we call it the playbook you know aptly named after Mike's book and again a developing trader will come in and say alright this is you know an outline detailed version of a trade that I made

This is how I have edge this is what I did this is what I need to do better next time etc so that daily meeting process is definitely where the educational foundation comes in we you know SMB has a ton of videos that we

Produce and content that we put out that really tight tries to control the molding of a new trader you come in and you learn all right how do we trade a stock that just had earnings how do we trade a stock that just had a catalyst

How do we trade a stock that you know is super extended from vu ABS super extended from moving averages you know why are we trading this stock does it have a certain type of relative volume what makes it in play you know

What's its average daily range things like that so all of those little mechanical aspects of trading we're taught to us at those daily meetings know we'd come in at nine o'clock and you know early on my risk manager

Called Carlton who he runs the educational program for the developing traders he would start us out to be like okay this is a really good example of something that you guys should pay attention to today and for this week

We're gonna focus on changing fundamentals plays so we're only gonna watch stocks that had earnings today or have some type of news catalysts and upgrade something like that and those are the setups that we're gonna focus on

This week and then after that the next week or a week later from that you start a new set up you know we're gonna see we're gonna trade only high beta stocks or we're gonna only trade market plays so there is some type of you know

Streamlined structure that's been designed by Mike and designed by the top traders at the firm that kind of is designed to funnel you into good trading habits the interesting thing that ended up happening with my class is right

Around the time that we were settling into specific setups our attention was completely changed to focusing on those marijuana stocks that started to just go completely parabolic because that sector got so hot that there was so much

Opportunity day trading that Bella Carlton you know the top traders on the desk thought that it was most important for the developing traders to pay attention to that so next thing you know we're

Coming in every day you know trying as new traders do to say a good idea you know it takes a long time to figure out what a really good stock looks like especially pre market and we were just having our ideas tossed down there like

No you guys need to watch tilray today you need to watch CGC we need to watch Chronos group like those are the stocks in play that's what we're focusing on until they reach some type of daily top or go completely parabolic we don't want

You guys focusing on anything else so next thing you know we really just had our time and attention encapsulated by these outsized risk reward opportunities that really don't come along that often so that kind of led us away from I think

The traditional streamlined process like I've talked to some of the guys in the class before me they had like a very diligent way that they went through the training process on the demo you know they specific

These setups they specifically moved on to this set up next they developed their play books and it was all very regimented but things just started getting crazy while I was on the demo with both the pot stocks and then the q4

Sell-off next thing you know we can only put focus on Marketplace know we need to be trading the ETS we need to be trading high beta stocks that's what's in play we're having these crazy ranges and despise oh it's a market gonna go into a

Recession like what's happening is this a bear market all of a sudden you know things really heated up and that structured guideline that we had originally had when we first started out kind of fell to the wayside and it was

Almost a learning from experience how long we tried non demo for it was three months so started in September and then I went live December 10th of 2019 okay and did you have to meet certain criteria before you were enabled to

Trade real money or did everyone come off demo at the same time yeah everyone came off them at the same time it's kind of a time-based thing you know he I think Carleton could have kept us on the demo a month longer if he wanted to

There wasn't really a set time as soon as he felt that you know we were coming to the meetings with good ideas or review processes were good you know we have all these stats we uploaded our stats every day to a program called

Trader view which is you know a great way to track your trades I think every trader should be doing that you know having some type of way to really quickly statistically analyze your your decision making process so you know we

Had three months of stats to look at we all had a general idea I think there were seven of us in the starting class we alter general idea of like where our niche was you know we had a couple guys who like trading low float stocks a

Couple guys who only traded earnings plays I was trading a lot of like market based things no high beta stocks trading the market ETFs because they were so in play at the time so I think it was kind of like a qualitative thing where

Carlton realized that you know it was time let's throw them on the demo and and see what they can do and how did your stats look prior to trading real money but your stats from demo trading were you were

You seen progress did it and was that reflected in your your theoretical equity curve oh yeah definitely I mean this is this is a running joke for me around here I think on the demo I was you know successful to the point that

Almost thought that losing was impossible just because it got to the point where the market was so crazy there are so many opportunities and it wasn't like I really had any type of real money on the line

No mentally speaking I think there's a huge difference between trading real money and having actual skin in the game and basically playing an arcade game you know oh I'll buy a little more here also a little more here oh that was my stop

But it I think I'm still gonna be right so maybe I'll just buy a little more and let it go because at the end of the day you're not gonna get stopped out it's not real money you know no one really cares whether or not you win or lose

Today so I think some aspects of the demo really negatively impacted how I developed just because we weren't regimented in the way we're doing it and then we went live and it was like deer in headlights you know all of a sudden

Real money was on the line the market was extremely challenging for even the top traders and very quickly came to realize that you know the demo is not really training it's important to have skin in the game because the emotional

Differences between both of those things are so categorically big that you really don't even realize it this is probably a good point to break down your equity curve from coming off demo to trade in real money up until now so if I

Understand right you lost money for a round about seven months pretty consistently once you came off demo is that right yeah that's fine that's certainly right speak to speak to me about that how come you were losing

Money I mean do you know the reasons why like looking back on that yeah definitely so you know what really ended up happening was I didn't have any type of consistent strategy you know I was trying different things I didn't

Know specifically where I was putting on risk I couldn't tell you every variable that I needed to have in this specific setup you know I wasn't trading things top down you know I wasn't looking at daily charts and going all the way down

To minute charts you know I really just wasn't being sophisticated that the about the way that I was putting on risk was having a couple green days in a row and then I'd have a big red day so it all really came down to my selectivity

You know I wasn't picking the right setups for me risk management you know for those first seven months I'd argue a terrible risk management you know was having stop-out days you know when you're at a firm you have an intraday

Stop-loss limit where if you hit that number you're done for the day no it's obviously put there to prevent us from blowing up like you know what happens to people all the time was hitting that stop limit you know

Repeatedly was looking for leverage you know trying to trade triple levered ETFs trying to have that huge first four figure day you know really just did a lot of things that just aren't good habits for a consistently profitable

Trader and it took me a long time to kind of get out of my own way and cut out a lot of the noise that I was doing it refocus study my stats look at what I really was doing well only trade those things that I was doing really well

Recognize what really led to this being this kind of setup that I wanted to trade no am I just throwing on risk here for no reason because I think I can make money is there some type of real tangible setup that I think has

Variables that are backing up you know is this a daily chart breakout is this you know higher timeframe technical level is there real wind at my back for this trade is this a trade I've taken before and I wasn't asking myself those

Questions for a long time and you know that's kind of just a product of there being a lot of things going on at a day trading firm you know it wasn't like I was specifically focused on one of the market you know when you're

Trading with a team and you're trading with a bunch of other traders someone will throw out an idea and you'll pull that chart up anybody call out um this looks like a good opportunity I'm gonna throw some risk on here it was kind of

Lackadaisical and you know where I was looking to exercise my edge and really didn't know where that edge was in the first place and that was a product of thinking I needed to trade spy because I was a market trader you know trying to

Trade triple levered ETFs trying to trade volatility products in a you know arguably a pretty crazy market at the time and never really getting a handle of what I could do that worked you know am I taking setups for my mentors who

Are consistently profitable am I really focusing on doing the things at work and not doing anything that I know doesn't work am i diligent in my review process am i aware of my intraday triggers do I know

What gets me on tilt so a lot of that introspective analysis just wasn't really happening for those first couple of months because I was so caught up with the fact that I wasn't doing as well as I thought I was going to be and

You know when you get into that kind of performance slump where it's not like I had a bunch of consistent profitable track record to fall back on you know for a lot of really good traders if they run into a slump and have a you know a

Bad month or you know a bad couple of months they have some previous period of consistency to fall back on as a new trader you don't have that so it almost feels like you're drowning and don't really know what works you haven't

Figured that out or maybe you don't put in the work hard enough so for me it just ended up being I got to a point where I said to myself okay I need to completely change what I'm doing I need to only focus on the best setups for me

I need to really diligently plan out what those are I need to talk to my mentors more need to be more verbal about you know what gets me triggered and what really gets me set up to be involved in the right stocks okay so one

Of the things you just said there is that you realized that you should focus more on your setups but that's also very difficult to do when you've been trading for seven months and consistently losing money

Because I guess you you're not really too certain what your best setups how did you how did you approach that how did you start to think about which setups gave you the most edge in the market yes what I was finding was I knew

That based off of what I had learned from you know my mentor here at SMB and from Tom I had a general idea of what specific types of setups worked I was either taking a bunch of setups that weren't even in that playbook in

The first place you know as far as there were certain market conditions that I would look to get involved on you know just for for clarity's purposes like there's a big negative a thousand tikkun in the futures you know am I gonna fade

That move am I gonna look to trade opening range breakouts in the market if we're above the overnight high it's like those specific details weren't really there but I knew that if I only focus on those details and then started to try

And build consistency from them and stop doing the things that didn't work then things we're gonna get better so really what I ended up doing is I would at the end of the day I would look at the chart of the best set up of the day like let's

Say Apple was the best stock to trade that day I would look at it go in and annotate and write specifically where I was looking to be involved you know where I should have bought this breakout or where I should have bought this wedge

Or you know could have bought this dip this technical level and was really diligently detailed about how I could have traded that symbol and then over the course of several months had developed you know a big book of all

These setups and had continued to take them in real time while also losing money doing other things so for a while when I first started out I was losing money doing things that didn't work then I started losing money because I was

Trying to get way too oversized looking for leverage too tight with my stops and just missing moves because you know it wasn't wide enough or something like that and then all of a sudden I was losing

Money because I was trading those setups well wasn't risking enough on those good setups and was still taking all the other trades that I knew didn't work you know was losing money and symbols that I was unfamiliar with was losing money on

Feeler trades losing money on ideas that it didn't even deserve any risk in the first place because the stock had no volume so it's kind of been this progression of how do I get out of my own way I know what

Works but I'm not doing the things at work I'm doing a bunch of other nonsense and you know it's funny to look back and think about how long it took for me to really figure that out but once I got to the point where I had statistics where I

Knew that I traded high beta stocks well I knew that I had a system for how I can trade these high beta stocks if I don't do anything else and focus in on where I am edged now things start to get a little bit more interesting and all the

Sudden you know I'm having green day after Green Day not having any big outsized losses anymore starting to mentally fix my psychology you know I'm feeling better about the prospect of being a trader I'm feeling better about

You know my own capabilities my confidence is coming back and it took a long time to get to that point you know I'm obviously it's only been a year I'm still struggling with that all the time yeah well I mean personally I would say

That seven months isn't really that long it can feel like it especially when you're losing money absolutely when you're there day in day out but you spoke about having a system now or developing a system to trade

These high beta stocks that's kind of seems to be your specialty for the time being can you describe the system can you describe your playbook trade as it pertains to high beta stocks yeah so you

Know a little bit more background on my system I guess looking back at those stats I was losing money at times when the market just really wasn't moving you know my stats from 12 o'clock to 2 o'clock were abysmal you know

Consistently losing money during that time giving away my mornings setting myself up for a poor afternoon so I cut out trading in the middle of the day and then I realized that the area that I had the most edge in was trading momentum

Moves off the open in the first hour of trade and that's when you know the institutions come in and they're pushing these high beta stocks and you know real volume that drives price is coming into the market so that's when I started to

Really focus on ok most of my age is happening off the open in the first hour in high beta stocks let's only do that let's develop some type of patterns that we like where you know this works for me I've seen this

Happen several times I can get in for this momentum move and this is how I'm gonna make my money so you know for clarification purposes let's say you have a high beta stock that you know it's gapping up on an upgrade and has a

Really tight pre market range let's say it's pre market range if it was Apple or or Baba or Nvidia or stock like that has you know 20 to 30 cent range and right off the open ton of volume comes in they sweep and take out that pre market low

Rebid to pre market levels and break above the pre-market high you know the old dip and rip that is one of the setups that I love to trade you know you see that a lot in high beta stocks you know it's not always necessarily a very

Quick little peek below the pre market range there's obviously some sophistication to it and a little bit of nuance and that's not the only set up I take that's a good example of what type of momentum moves that I'm looking for

In these high beta stocks if possible we might dig up an example of this and put it in the show notes to summer so someone listening to this has like a visual reference yeah sure okay great you've hinted at psychology a couple

Times during our conversation here and I know one of the things you've said in the past is that traders shouldn't underestimate the psychological aspect how come because I think that it's so easy to

You know get caught up in the idea that this is all systemic you know it's all patterns it's all oh you buy these breakouts and you sell when you reach your target you know you risk this amount per trade

You only take good setups at work and none of that is really taking into account that you feel a certain way when you make or lose money know anyone who denies that I think is fooling themselves

No I feel a certain way when I have my best day ever I feel a certain way when I have my worst day ever and those emotions and psychological aspects that come into play aren't never gonna go away you know it's impossible you robot

Ik even the best traders at this firm you know you read their reviews or you you talk to them after a good day or a tough day and it all comes down to you know were they in the right frame of mind were they putting themselves in the

Mental state where they could perform at their best did they meditate you know are they taking regular breaks – you know refresh themselves are they doing some type of best practice to take their temperature you know that's a that's a

Saying we have here at the firm you know you take your temperature at 15 30 minute intervals on the day and say okay maybe I just took a loss really early why did I take that loss was I in this trade because you know I was

Chasing the symbol or I had a fear of missing out or you know it was a boredom trait because there's not really anything else going on today you know all of those things are not really a product of your system but they're a

Product of your personality and the way that you think about the day and I think that if you don't really focus on the fact that it's impossible to completely devoid yourself of emotion unless you're a strictly algorithmic trader it becomes

Not about fighting your emotions but learning to use them in a way that is productive and leveraging your own personality and your strengths you know you don't have to avoid your demons you know Tom is pretty active on Twitter and

He'll always talk about how you know there's certain things that make all of us tick there's certain things that get us happy there are certain things that gets excited sad frustrated angry you know

Overconfident all of those things are going to play into the role of a performance-based job and that's what this is you know you can only be at your best if you put yourself in the right mental state

Dr Steen burger talks all the time about how there is an analogous relationship between us and professional athletes professional athletes sure you could focus on what are the plays that you need to run lift exercise get your

Body in shape you know have the talent be at peak physical performance but the end of the day there's a reason that field goal kickers missed the game-winning kick all the time there's a reason that basketball players miss

Certain free throws that could be game winners you know it comes down to is the mental aspect of your game there and trading is no different you know you have to be able to put yourself into the mindset where you can perform at your

Best and the longer you spend not thinking about that the more likely it is that you can continue to make those same mistakes over and over again and not really understand what's actually making you do that are there any tricks

That have helped you as of light or any practices you've been putting into place to help you with the psychological aspect that comes with trading yeah so I think the biggest thing that I do is you know I'm not trading from 12:00 to 2:00

So during that time is when I reflect on the morning and prepare for the afternoon so you know did I do a bunch of nonsense in the morning that was I not involved in the right stocks or was I involved in the right stocks and just

Executed and properly did something happen outside of work that has me you know off my basis today do I need to really look at my entries and exits in the morning and and figure out you know what was going on am I

Tired am I do I have too much energy that I expect too much from the day all of that for me is really done during that two-hour block where I kind of refreshed myself go get some lunch take a walk

Prepare for the you know the clothes and and really figure out where I'm at mentally so that's one step of it and the other two steps are you know pre market prep relatively the same thing you know I take my energy levels I think

About you know am I tired and how am I feeling that I get a good night's sleep did I eat well the day before taking physical journaling notes of all that and keeping track of it doing the same thing on the clothes reviewing every one

Of my trades again you know taking my temperature at the end of the day am i happy with how the day went am I not happy with how the day went why what can I put into practice the next day to change that so it all really comes down

To review you know what do things outside of work as well you know I exercise as much as I can I try to go to the gym everyday keep myself in a good good headspace my girlfriend is always on me about eating eating better I don't

Say I eat the best but I do try and you know that's all plays into getting yourself and you know peak performance state you were talking just before about how we threw out the words best day and worst day mm-hmm I thought it might be

Fun just to ask you if you could talk about I presume you probably remember this fairly clearly what has been your worst day and then also what is being your best day can you talk about the specific trades which you've made or led

To you having your best and worst days yeah definitely so what I'm actually going to do is I have a computer right here in front of me I'm actually gonna bring that up just so I could be more detailed good I'll

Start my best day ever because it's fresh it was actually just last week and it was intent was in Tesla so we were kind of chatting about that previously okay so coming in on the day you know I had the idea in my head that you know

Tesla was gonna provide this huge opportunity for me and I wanted to be involved I I needed to develop some type of plan so that I could be involved I didn't want to miss it my mentor was talking about how this is the trade this

Is the trade like we have to be involved in this this is the time when we can potentially make our months to outsize risk reward opportunity we need to be here for this why we thinking this coming into the day well I guess if

You you know for anyone at home listening if you pull up the daily chart you could see that Tesla had gone from at this time it had gone from basically 400 to 550 in a week and a half pulled back to 500 and then was gapping

Up again almost to 600 so obviously it ended up going way more parabolic than any of us probably thought just a few short weeks later but at this time when you have a stock that's gapping up and is so far extended you know it's

Definitely in play it has this crazy amount of volume every day that's really what we're looking for at the firm you know those that's really where the muck the firm makes the majority of its money on these super in play names so I knew

That it had the potential to be a huge opportunity coming in on the day I knew that it deserved my focus I knew that it could potentially run you know 20 30 points and this is before the Rangers really started to open up in it thinking

About size-wise you know anyone can do the math in your head if you got a hundred shares of a 20-point move you can make two grand so was thinking in my head that there was a big opportunity in play didn't necessarily know how it was

Gonna set up but knew that I could be there for it so what ends up happening is early on it gaps up and sells off 15 points right away in the first one minute bar and everybody's piling in short because I think it's gonna gap and

Fail the gaps up dumps 15 20 points then it starts to wedge underneath view app and really compress right around like 565 this is on January 22nd so it's really starting to compress and everybody's pressing short looking for

The breakdown looking for the breakdown and as I'm watching this happen and you know I'm seeing all the other traders at the firm you know getting super short getting super short I'm thinking of a head like the character of Tesla over

The previous couple of days had kind of been when you think it's gonna break down it's probably about the RIP like it's more than likely just going to do exactly what you don't think it's gonna happen

And I kind of just said to myself using you know if then statements I said if this is gonna go parabolic today and maybe today's the blow off top where it goes to 600 bucks if that's gonna happen it's probably gonna wedge and break out

From the wedge get back up a view app and just rip so I entered long 565 caught that next 15-point move continued to build into a position for the next half hour so and eventually told myself okay I've settled in from good prices

I'm gonna see if it can go parabolic and lo and behold it ends up just absolutely ripping to 595 and I took it for the whole ride I got out up up we're like somewhere around 590 and at that time I hadn't been at my best day yet you know

At that time I had made a good amount on it I was excited about the day you know was up up big for me but you know not my best day ever yet but having back I'm ahead you know it just went parabolic if there's a short in this later today and

I nail that then now maybe we're talking about best day ever material you know so it's so easy to like get super excited when you develop some consistency because you do know that those days are going to come you know this those days

Are gonna come where you can have your biggest day if you prepare properly and hit the the best opportunity so you know was out of it didn't really do anything with it it was kind of sitting waiting waiting waiting and then towards the end

Of the day it starts to break underneath the long consolidation that I put in in the middle of the day and my mentor and a bunch of the traders around we're all saying maybe you know maybe it goes underneath 585 and starts to feed on

Itself maybe anyone who bought up there thinking it was gonna gap up again you know maybe it just starts to kind of collapse and there's a 30 another 30 point trait on the table so it starts to collapse I wasn't really trusting it cuz

Like I said if you shorted Tesla in the hole you're almost guaranteed to lose money for a long time even now it starts to roll I short it a little bit and then it really just starts to accelerate and feeds on itself dumps

Below view app and and next thing you know I look at my piano and it was the best day ever because I covered down there once it really started to get extended you know I like to get out of trades on big explosions like no long

Extended volatile candles are usually a good idea to you know sell into strength or cover into weakness sounds kind of the methodology going behind exiting that trade but yeah that ended up being my best day ever

What do you mean when you say fade on itself so by feed on itself I mean you know the characteristic of Tesla at the time had been very difficult for the stock to go down no dips were being bought feverishly you know any type of

Consolidations were breaking to the upside and it was in the process of going parabolic on in a daily timeframe so in my head I'm thinking the only way for this move really to stop is for there to be some type of big selling

Some type of you know big volume candle that comes in and breaks below you know V we'd like to use V U app as you know volume weighted average price as a confidence level know who's in control on the day so a big big red candle

Underneath that level is when all the sudden we're starting to think okay let's get involved in this to the short side and buy feed on itself I mean other people are thinking that as well because everybody's looking for the back side in

This trade everybody's looking for Tesla to finally collapse if it's going to feed on itself more and more sellers going to come in they're gonna continue to just hit the bids and bring the price down and then what was originally a

5-point drop out that could have been you know a dip by turns into a real strong selling down move that leads to you know breaking down to the lows of the day okay and do you have your worst day in front of you

I do oddly enough that was yesterday oh no well you passed on your worst day within a couple days of each other yeah yeah and I you know that's that's definitely a product of arm in since I've gotten to a point of

Consistency I'm in the process of sizing up my account so we do it where essentially you know every two weeks or so every month or so that your net positive you get sized up let's say 20% 25% so theoretically you know I've been

Bumped up I think three times so that's all happened kind of rapidly since I got consistent and the sizing increases you know pretty quickly so the losing days I have now are are way bigger than the losing days I had over that first seven

Months you know which is all just a function of size can I just interrupt you there Adam in touch that what do you need to do to get clipped up so it's kind of like a relative process but you here we basically just establish it with

Our risk manager for me every 10 days that I'm net positive I get bumped up across the board 25% so my size increases 25% my position sizes increase and my daily stop limit increases 25% okay so as a function of that in recent

Times losing days that I've had have been completely way bigger than that first eight months because my size now is you know 75% bigger mm-hmm so as far as that day goes you know reliving this so early everybody who's had a losing

Day like this knows how I'm feeling about it I think what really ended up happening was it was kind of a function of you know I had been looking for that top and Tesla I had been looking to make that trade I had been game planning at

Home in my head you know what's it gonna look like if I nail this you know how am I gonna have this huge huge day how am I gonna beat that biggest day ever what's it gonna take and kind of got caught up in that and considered my best

Day ever had been in Tesla I kind of started treating it like a friend you know like an old friend like oh I'm gonna trade Tesla today it's gonna go great and next thing you know you realize that Tesla kinda just became a

Completely different beast when it started to go above like 600 bucks so I'm coming in on the day was my main focus it ends up being the only thing I trade and I essentially just battled it all day you know

Couldn't get my size right couldn't you couldn't really get on the right side of the move was trying to short it while I was going up was getting squeezed too far just wasn't involved at the right times the next thing you know

You know it opened up at six seventy five on this day this was Monday opened up at six seventy five basically went directly to 7:35 you know no no bounce there are no drops for you to scale out of risk you basically just get

Completely smoked so took a bunch of losses trying to short it there then it started going down and I flipped started thinking about buying it so really went into those old habits of the things that you know used to losing me money and you

Know like we said seven months a year that's not that long you know I still fall into old habits all the time and you know that's what I have to battle day in and day out but at the end of the day you know something that my mentor

Always says that is a really nice way of spinning you know taking a full-stop day is you have that risk for a reason right you've earned throughout developing some type of consistency you've earned that level of risk so when you lose that

Amount of risk you have to sit with that and feel what it's like to be responsible for that much money you know taking that loss is only going to make it that much easier to make more than that in the future so I'm trying to make

Sure that that makes sense like you have to feel what it's like to lose that money to make that money and really understand what it means to make that money so I'm trying to spin it in a good way especially now because it's so fresh

But yeah that's you know that's really the back-back and grandpa behind that just trying to be better and no thinking really hard about what I was doing wrong and trying not to do it the next day yeah I like that that's that's an

Interesting interesting perspective and you know a nice way of looking at it last thing let's talk about one thing you're trying to improve on at the moment or if it's not one thing maybe just sort of what things you're kind of

Prioritizing right now and also what step or what processes you have in place to ensure you have the best chance of improving on those things yeah I think the most important thing for me right

Now considering I'm in the process of dealing with bigger size and and going through you know the mental give and takes of what it means to see those P&L numbers changing more rapidly than they ever have is it comes down to I need to

Be more selective all the time now I need to know why am I in this specific stock why am I not in it you know was I unprepared was there a specific reason that I wasn't involved so selectivity is a nice you know word

To group in all of those feelings and then also just being really diligent with the way that I manage my risk you know as I get sized up I need to think about things in proportions know I should still only be risking a third of

My stop on these types of setups I should only be risking a quarter of my stop on another type of setup and not thinking so much about the money thinking more about sticking to the process that got me the bump in the

First place no falling back on those really good habits you know being diligent with how I'm placing my risk is this a playbook set up for me is this in my system you know does this

Trade deserve more risk is this just a feeler trade and maybe it doesn't deserve this much risk so right now my main focus is really like just ironing down specifically what trades deserve the risk that I've been allocated and

Really looking to capitalize on those outside out sized risk reward opportunities because you know those are the trades that lead you to your best days a lot of the days can be grinding it out but the end of the day you know

My goal is to be prepared and ready to go when the market does hand us these you know once in a month opportunities because at the end of the day some of the top traders here at the firm will talk about all the time where three four

Five six opportunities in the entire year or where they made the bulk of the money because they're just incredible opportunities so the goal for me is you know to not lose you know get out of those habits make

Sure I don't return to some of the things I did in those first seven months stick to the things that got me to consistency you know selectivity patience being focused on my mindset and my process sticking to specific setups

Speaking to my mentors and just being very process-oriented that's you know in the goal and that goal really will just keep me centered and you know let me handle you know taking those worst days ever because you can fall back on that

Process and those good habits excellent men let's leave it there Bryan if someone listening to this podcast is keen to follow you on twitter can you please share your handle yeah my my handle is Trost trades TR o st tra des

Ok good stuff alright Ron really appreciate it man thank you so much you've been excellent to speak with and I think there's a lot packed into this one for anyone who's just starting out I'm sure they'll pick up a few tricks

From from going back and listening over this maybe even a couple times so yeah again man thank you very much no problem it's been a pleasure you've reached the end of this episode of chat with traders but

Rest assured there are more episodes loaded with real market insight and zero hype on the way soon so to stay updated with each great new release subscribe to the podcast in iTunes and we'd love it if you leave a rating and review

We'll catch you next time chat with traders

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the questions the barbs the beads of sweat are worried ministerial Brad all gone cease to be all silence in darkest hours past the familiar sounds of the green...
day 24 of lockdown giving away today 25 will live done at least 45 days of total lockdown before this is over the government confirmed today it was inevitable ...
It's about the houses nobody's listening to me nobody's taking my voice nobody's literally caring yeah that's how I feel Alice was a carer w...
what's always remarkable about America is its scale this is a place used to being the biggest the strongest the richest right now though what startling is ...
how covert nineteen impacts on the NHS is a key determinant of how we respond next to the outbreak there are various figures from different parts of the NHS th...
dr. Unwin is guessing his bi-weekly covert test we're testing today you can either be tested on a Monday or a Tuesday morning the lab arranged to collect t...
When health workers started dying from covert 19 they seem to be disproportionately from black Asian and minority ethnic backgrounds now politicians have starte...