Performing a weekly trading review

Summary

In this week's insightful webinar, Trader Dante dives into the nuanced practice of performing a weekly trading review. He outlines key principles such as sitting on your hands during low-probability trades, stepping up with confidence during prime opportunities, focusing on market dynamics rather than personal profit and loss, and embracing continual learning. The session also emphasizes the importance of thorough trade logging and journaling as avenues for improvement, urging traders to dissect their performance rigorously. With anecdotes and direct questions to participants, Dante highlights common pitfalls and encourages traders to be unapologetically honest with themselves to enhance their trading prowess.

Highlights

• Trader Dante revisits the principle of 'sitting on your hands' until high-probability trades arise. 👐
• He stresses the vital need for traders to act decisively without hesitation, once a prime opportunity presents itself. 🎯
• Understanding that emotions should not govern your trading actions is crucial, underlines Dante. 🤔
• A trader's focus should be market-centric, not just honing in on personal P&L shifts. 🖥️
• Dante shares a memorable interaction story—highlighting mistakes and praise in real-time to emphasize learning. 💬
• Insight into weekend habits—reviewing past trades on Saturday and planning for the week ahead on Sunday ensures preparedness. 📅
• He casts light on the importance of journaling, asserting that every trade must be recorded to facilitate progress. ✍️
• Real-world examples underline the accuracy needed in logging trades and reflect on trading habits for clarity. 🧾

Key Takeaways

• The art of trading requires patience and precision—wait for high-probability trades. 🕰️
• Confidence is key—engage without fear when the time is right. 💪
• Learn to read the market, not just your profit and loss figures. 📈
• Consistent journaling enhances improvement—document every trade! 📚
• Reflect weekly on your trading performance to identify areas for growth! 🔍

Overview

Trader Dante's webinar dives into the essential 'why' behind thorough trading reviews, advocating for a patient and analytical approach. There's no sugarcoating here—traders must resist impulsive actions during off-peak periods, aligning instead with high-probability trading opportunities. By casting an inquisitive eye over their trading week, as Dante suggests, traders uncover layers of insights that highlight both strengths and areas needing refinement.

Confidence without arrogance underpins much of Dante's guidance. His candid exchanges with participants highlight real-world application of his principles. The insightful discussion reveals the critical nature of relying on an analytical understanding of market conditions, rather than letting emotions dictate decisions. Traders are urged to embrace this discipline, following a consistent pattern of analysis and execution to solidify their strategy effectiveness.

Dante emphasizes an unyielding commitment to improvement. The process involves embracing meticulous trade logging and open self-questioning. By reviewing past trades scrupulously on Saturdays and setting the week’s agenda on Sundays, traders create a sturdy framework for success. These practices not only boost their understanding but also ensure they remain poised for future market movements, shaping a comprehensive roadmap to trading success.

Chapters

• 00:00 - 01:30: Introduction and Last Week's Webinar Recap The chapter titled 'Introduction and Last Week's Webinar Recap' opens with music and applause, setting a lively tone. The focus of the chapter is a recap of the previous week's webinar, which concentrated on the theme of execution. A key takeaway from the webinar was the identification of four principles of good execution. One of these principles was the idea to 'sit on your hands' if an opportunity does not appear to be highly probable. The chapter highlights the author's candid reflection on these principles, including a mention of creating a sound bite about the topic to share on Twitter.
• 01:30 - 02:30: Four Principles of Good Execution Discusses the difficulty in waiting between high-probability trades and emphasizes not acting impulsively or carelessly during these periods.
• 02:30 - 05:30: Random Participant Feedback Chapter Title: Random Participant Feedback Summary: This chapter focuses on reflecting and learning from past trading experiences. The speaker encourages participants to review their trades from the past week to learn from their actions and decisions. They also intend to randomly select individuals for participation in the discussion, beginning with someone named Adrian.
• 05:30 - 12:00: Importance of Journaling and Trade Recording The chapter discusses the importance of journaling and recording trades to enhance trading performance. It emphasizes the need to evaluate one's trading decisions by reflecting on past actions. The text raises introspective questions about maintaining discipline during trading, such as whether the reader managed to avoid trading when there were no high-probability opportunities, or if they succumbed to taking impulsive trades that they later regretted.
• 12:00 - 20:00: Reviewing Trades and Personal Improvement In this chapter, the focus is on reviewing trades with an emphasis on understanding personal decisions and improvement in trading strategies. The author reflects on a scenario where, after not trading for two days, they convinced themselves they saw a trading opportunity. However, the trade they made was not part of their initial plan - specifically mentioning a bullish cable (forex) trade in which they mistakenly took a short position instead of following their plan to buy. This chapter underscores the importance of adhering to planned strategies and learning from deviations.
• 20:00 - 28:00: Trading Strategies and Personal Bias The chapter covers the critical need for detaching personal bias from trading decisions. A point is emphasized through an anecdote where a trader's mistake leads to severe consequences, reinforcing the idea that responsibility and impartiality are crucial in trading environments. The narrator's strong reaction indicates a zero-tolerance policy for inexcusable errors in professional settings.
• 28:00 - 37:30: Advice on Trading Management The chapter delves into the intricacies of trading management, highlighting common mistakes made by amateurs and emphasizing the importance of following a well-structured process. It tells the story of Miguel, a trader who faced a crucial decision moment and needed to decide whether to trust his instincts or adhere strictly to his trading plan. The narrative centers around themes of confidence, avoiding self-doubt, and the importance of execution without fear or hesitation.
• 37:30 - 45:00: Assessing Your Trading Qualities This chapter discusses the importance of being patient and disciplined in trading by taking trades only when the right market conditions align with one's bias. This is exemplified through Miguel's approach, who hasn't traded in two weeks due to the absence of his preferred market bias. The humorous tone indicates a shared understanding among traders about the challenges of waiting for the right trade and teases Miguel about potentially working at a hedge fund due to his cautious approach.
• 45:00 - 49:30: Conclusion and Weekly Accountability In the conclusion and weekly accountability chapter, the speaker discusses the frequency of trading and acknowledges a participant's strategy of trading with one bias. They address the challenge of not encountering a trading opportunity for weeks and question the sustainability of such a strategy for making a living.

Performing a weekly trading review Transcription

• 00:00 - 00:30 [Music] foreign [Music] [Applause] [Music] last week's webinar we discussed execution I made a little sound bite on it today and posted it on Twitter so we had the four principles of good execution we had sit on your hands and you don't believe an opportunity is high probability and as I said before I don't think
• 00:30 - 01:00 taking high probability trades is that hard the hard part is trying not to act like a [ __ ] idiot in between them number two step up when you believe it's time to do so okay no fear no hesitation you've got to just follow your process and expect nothing we spoke about that last week in some detail um expectation creates emotion and you just don't want emotion affecting your Trading number three trade the market not your p l
• 01:00 - 01:30 and number four try to learn something um so you want to look back on the week that was and learn from the trades you took um and the way that you executed them and we'll speak more about that tonight um I want to pick on a few people randomly I said I would and I fully intend to so let's see who we've got in here does anybody want to go in the firing line um Adrian I see you sitting there okay so I've got a question for you Adrian
• 01:30 - 02:00 did you sit on your hands this week when there was nothing that you thought was a high probability opportunity were you able to do that Kinder what does kinda mean did you end up taking a [ __ ] trade and saying afterwards you wish you hadn't
• 02:00 - 02:30 okay so after sitting on your hands for two days you then convinced yourself you saw something you got into a trade in it it wasn't part of your plan was bullish cable took a short am I reading that right so you sat there for two days and you didn't trade and then your plan was to buy cable but you actually took a short
• 02:30 - 03:00 oh you've got to get out mate you've got to go I'm sorry but you've got to get out that's inexcusable all right he's done I've kicked him out he's gonna be all over Twitter now calling me a right [ __ ] that's an inexcusable mistake that is inexcusable sit there for two days
• 03:00 - 03:30 and then go the exact opposite way to your bias [ __ ] in hell that is proper Amateur hour right who else have we got in here who else wants to get in the firing line Miguel my question for you Miguel when you thought it was the right time to do so did you step up no fear no hesitation you just followed your process so basically I want you to tell me whether you second guessed yourself at any point or whether you executed
• 03:30 - 04:00 cleanly all week so Miguel says I haven't taken a trade in two weeks because the bias I look for hasn't presented itself LOL I see that dubious little lull on the end of that you haven't taken a trade in two weeks what are your [ __ ] hedge fund mate
• 04:00 - 04:30 I would have thought you need to trade a little bit more often than that but you can stay in the webinar because I did say did you step up and your answer was I haven't seen anything so okay fair enough I'm going to give you that I'm going to give you that you only trade one bias you haven't seen it for a couple of weeks okay I mean only you know whether you can trade like that and make a living okay I think most people are going to struggle
• 04:30 - 05:00 if they're not finding a trade in a fortnight but again I don't know how you trade I mean maybe you're trading the decade open or something right okay who's next Syed because Saeed lurking there did you trade the market this week Saeed or did she do a bit of p l trading as well truthful
• 05:00 - 05:30 answers please lurking like a dirty perv I see you nothing gets by me okay you traded the market not your PL I wouldn't have expected anything less of your side but I have to check um Mike I've got a question for you what did you learn this week tell me one thing you learned
• 05:30 - 06:00 always got to be seeking Improvement give me one thing that you learned this week so I'm talking to Mike m but Mike S says I trade using an algo so the execution is taken care of that's fine we're grilling my chem at the moment who's gone quiet I researched my three trade setups that I missed went back further on
• 06:00 - 06:30 winners that should have worked that I've not held properly okay good so you made an effort to learn something okay that's fantastic so we've picked on four people only one has basically had to be thrown out that's good um now yesterday I tweeted about how the work doesn't stop for me at the weekends Saturdays I review the week that was Sundays I planned for the week ahead and someone said to me [ __ ] hell when did you get time off if
• 06:30 - 07:00 you're working weekends and my answer is that I'm not literally working all weekend but I like to take the reviewing and planning process across two days because by doing my review of the week that's gone on a Saturday morning which is when I always do it events are really fresh in my mind and then I can kind of draw a line under them and then I can come back Sunday evening and make my plan for the week which just involves me looking at the calendar I'm looking at the markets are there any biases are there any key levels
• 07:00 - 07:30 um do I need to be watching the open closely especially if we're opening near to a very good area or you've got a very firm bias so again review on Saturday plan on Sunday is how I do things in terms of the weekly review I want to just give you some pointers of how I do things first off I like to make sure that all my trades are logged and of course I've taken the screenshots of them that I need and I use edgewalk to record my trades
• 07:30 - 08:00 I thought everybody knew that by now but clearly they don't because I always get asked what you use to record um and it is edgewalk now I tell you all the time about journaling but the other day I saw someone tweet why take loads of Trades I haven't got time to journal then I would say get a journal that automatically Imports your trades and then you can just play around with different filters like you know what happens on different days of the week what happens on different markets and so on and so forth when I was in prop the
• 08:00 - 08:30 most consistent Trader there was a young man who almost never had a down day he was a ftse Trader incredibly gifted scalper he traded a one minute chart but he used hourly and daily for bias and I don't want to get too much into how he traded although I can tell you that he mainly used support and resistance he did watch the order book a lot and he watched the Dax for correlation but he was only executing in the ftse and again insanely consistent
• 08:30 - 09:00 and I wanted to just bring him up because he did take a lot of Trades and he's very very active and at the time that I was sitting with him I was posting a lot on forums um and one day someone asked me for advice and they asked me the question you get so much you know what is one piece of advice you'd give to a new Trader and I was sitting there thinking oh this is interesting I don't know what is the one piece of advice I would give
• 09:00 - 09:30 and I was searching you know through my mind thinking of all the mistakes I've made and things I wished I'd done and I spoke to this guy and I said to him well if someone asked you that question what would you say and his answer I'm literally reading this off the notebook that I wrote it down in was this what I do is simple but everyone wants the end result without the hard work required to get there you have to write down every single trade you do every single one if you trade in and out all day long on a one minute
• 09:30 - 10:00 chart then that's a lot of work after hours when the Market's closed but every single trade needs to be recorded then keep the ones that work and do the opposite of the ones that don't literally what he said to me and it's advice that is fantastic and obviously I know that people that are trading in and out on a one minute chart are going to get to the end of the day and they are going to have a lot more trades and someone that perhaps executes on an hourly or a four hourly or daily but you just got to do the work I know
• 10:00 - 10:30 I've told you guys the story before um of the time that I left the prop firm and you know I got nearly all the way home I forgot my keys all the way [ __ ] back to the office go into the office the whole office is pretty much in darkness and there's one little light glowing at the end of the floor um and lo and behold it's the trader that made the most amount of money on the date absolutely [ __ ] cleaned up and he was there on his own when
• 10:30 - 11:00 everyone else had gone home and he was logging his trades and that was the lesson in and of itself so yes it's very important to journal now as you log your trades and you get more data on your performance you'll start to discover things and those are going to be ideas that you can work on Improvement is all about asking yourself questions when I reflect on the week that was I'm always doing this I'm asking myself questions so what worked this week
• 11:00 - 11:30 what didn't work this week sometimes it can be something as simple as finding that you're getting to your desk too late and it's not working for you because it's not giving you enough time to plan your trades properly again I go back to someone I knew in prop the exact same thing happened to them they always got to their desk just before the open um they didn't have a lot of time to make a trade plan the market starts flying around they jump in and they're actually a good Trader but there was a pattern that almost every
• 11:30 - 12:00 single day their first one or two trades was a loser and it was simply because they just weren't giving themselves enough time before getting in so again what worked this week what didn't um was there any type of trade that worked particularly well was there something you did that you might want to explore perhaps you saw an opportunity and took a slightly more aggressive entry than you normally would and maybe you caught a move you normally Miss
• 12:00 - 12:30 and maybe that gives you food for thought you know I can't speak for everyone I can only speak for myself but understanding the things that happened to me this week I don't think really benefits you because everyone's on their own individual Journey but again you're asking yourself these questions so again as you look through your week were you taking profits too early this week obviously very common where your stops too tight that's something that's really key to explore how is your management on the trades you took this week was it too conservative you know did you let lots of winners turn into losers
• 12:30 - 13:00 or was it too aggressive were you always getting taken out just before trades actually take off in your favor I think that for as long as I've been on Twitter I've been repeating over and over like a [ __ ] broken record that you should always take a look at what happens if you don't manage your trades so if you're the type of Trader that gets in and says this is where I think the Market's going to go and this is why I think I'm wrong so I've got to stop and Target what happens if you just don't manage your trades now I'm
• 13:00 - 13:30 not saying just suddenly do that going forward but I'm saying you know actually compare you know log somewhere the outcome so you can see with black and white evidence this is what happens when I manage this is what happens when I don't manage um I told you the story of the fader that I knew how he noticed that one of the guys that he was fading um had a really good read but every time that guy managed to trade it all went wrong you know he'd grab a tiny profit when it's stalled he'd move stops up really quickly um sometimes
• 13:30 - 14:00 it actually went to Target and then at the last minute he changed his Target and make it bigger his read was good his execution was awful um so it's something to think about obviously in the Quest for improvement another big one that I find with students did you have good ideas but you didn't pull the trigger very very common problem um I was speaking to someone the other day and he said that sometimes a trade will turn just before his level and he doesn't want to pay up or down to get in because it feels like poor discipline
• 14:00 - 14:30 so let's say he wants to buy the market a level it's coming down into it it just turns it starts to move away and he's basically sitting there um with his dick in his hand probably quite literally as well so he doesn't want to get in because he feels like he's chasing it right and the thing is and I think this is very very important is that sometimes the things that you're told not to do that are you know quote unquote bad aren't necessarily bad you know in my opinion if you're going for a four hour trade for example and it turns
• 14:30 - 15:00 ahead of your level and it starts to bounce and you feel you know that you might miss the fill but you can get in late and still take 3r then it probably pays to take that trade now I can't say that for sure because I don't know the balance between probability and payoff in your own Edge but the point I'm making here is I think many Traders probably get too rigid all in the name of keeping to the rules I must keep to the rules as a new Trader you've got to have rules you've got to have a framework you've got to have the
• 15:00 - 15:30 discipline to keep to those rules but over time you need to understand that there are situations where it will pay you to bend the rules and your job is to work out when those situations are so if something like this happens to you and you do end up you know paying up getting into the market Journal it you got into the trade late what happened what happens to these trades when you usually get in late do you find out that most time it actually comes back and you should have been more patient and you could have got the perfect entry or is it actually a good thing to do if it turns before the level you need to get in you know
• 15:30 - 16:00 only you can answer that another question I think people could benefit from are there distractions you need to cut out in your trading I wanted to quickly address the question of multiple markets a lot of people ask me should I just focus on one market or trade a handful um or even more some people say trading multiple markets is distracting there's too much to look at I can't cope and other people argue that you know if you trade more markets you
• 16:00 - 16:30 get more opportunities it's again very much down to the individual it's not only how you trade what you feel comfortable doing so I swing trade multiple markets including the FX Majors I trade gold I trade the [ __ ] es I trade Bitcoin I mean the list goes on but I've got just one market for short-term trading which is the Bund the German tenure um when I originally asked the same question of the Traders around me in prop the biggest guys there they all did things differently and that was one of the annoying things that
• 16:30 - 17:00 I found you could never pin someone down to a [ __ ] straight answer because the next guy who's also alleged says the exact opposite and I remember asking one guy and he said look I only focus on one market and I want to trade that market every day and I want to know it inside out and back to front I'm going to live and breathe that market and that's how I managed to crush it I spoke to another guy when he goes no no I trade multiple markets and I don't know how you limit yourself to one market and this guy I don't know how many traded but at least three that he traded actively so again it's one of those questions
• 17:00 - 17:30 that you just can't pin down to you know profitable Traders do this profitable Traders Trade One Market profitable Traders trade multiple it doesn't work that way um but the one thing I would say is I look at multiple markets but my focus is usually on one or two and the other markets just sit there in my peripheral vision from the markets I look at There is almost always at least one um where you know there's a trade that's going to set up here
• 17:30 - 18:00 today and it's a very high probability trade and this is where I want you know to focus this is where the action is going to be and I think that's important to be able to do I don't want to get into too much about how I trade but as I said before I'm always looking for biases and anyone that knows my material will know that the bias is really key for me I've literally just pulled up Bitcoin because I know so many of you guys are trading crypto now um but this is a classic bias for me so we've got the swing failure pattern it was
• 18:00 - 18:30 a break below this low it was a close above it's suggestive of a reversal but importantly enough the day that this SFP occurs um is a Monday and the market has a high probability of returning to test the Monday open price once Monday has closed and it usually happens on a Tuesday and you can test that for yourself it doesn't take long to do so now you've got
• 18:30 - 19:00 a couple of things that are forming the bias there you've got a downtrend you've got an SFP high probability it's going back to tag the Monday open so I'll come in there and I'll say okay look this is what I need to be in today I don't give two shits about the [ __ ] Dax or or gold or whatever it might be B because they've got levels but they're a long way away from Price they're not likely to be hit today here's my bias this is what I need to execute on actually when you look at Bitcoin here there was an hourly SFP so you can take the low and you'll see um that we actually get the hourly SFP here and it
• 19:00 - 19:30 comes you know in the evening and obviously that was your best entry with hindsight but it was fairly logical to presume at the time that that was going to be you know a good entry so this is actually a pretty good example of what I mean when I say taking an entry as close as possible to where you're wrong whenever I tweet that people get so confused they're like what the [ __ ] are you talking about it makes no sense it's really really straightforward you know if you see an SFP and you think well this is likely to be the extreme makes sense to enter on the close of the SFP there's a lot of people that will
• 19:30 - 20:00 see something like this and it'll go [ __ ] vertical and they're like oh it looks bullish now I think I'll buy it and actually when you look at the reason they're buying it because they think this is the load look how far away they are from the source of their reasoning another thing you can do which is very helpful when you're reviewing the week study the biggest move of the week across the market see trade and see if you can see anything that could have caused you to catch it that's always a really good thing to do you can look back
• 20:00 - 20:30 and obviously you've got your rose tinted Spectacles on but you can look at that sometimes you see some interesting stuff and you think actually there was something I could have potentially done there how did I not see that at the time or actually there's something that I don't do but I've noticed this before um and maybe I can start doing it I think it's very important to review missed opportunities and the result on your p l just to play devil's advocate for a second I would add that mistrades again like trading outside your plan sounds
• 20:30 - 21:00 really negative but it can be a positive thing because sometimes you know you can find I'm getting to my desk every morning at eight and if I review the mistrates I always miss two trades from seven to eight and they would always be losers so I've learned that actually missing that morning hour is a really good thing and I've learned a lesson how to make sure that I never actually trade that hour so missing sounds negative it's not necessarily so but you want to be thinking what am I missing am I missing a really good opportunity somewhere or actually am I doing the right thing and missing stuff that I don't need to be in any
• 21:00 - 21:30 way this whole process of asking yourself questions is absolutely critical it's literally how you become Unstoppable if something isn't working there's only one way to make sure that it does work you've got to take it completely apart and often rebuild it piece by piece and only by doing that can you make sure that every single aspect of your trading is really
• 21:30 - 22:00 working in the most effective way and that you as a Trader are performing at your Optimum level and again that is done through questions one of my favorite questions is the one that I originally saw posted by Lance Beggs so if you don't follow Lance Beggs on Twitter you should it's at Lance Beggs l-a-n-c-e-b-e-ggs um and he's very good at getting you to look at yourself and challenge what you do and
• 22:00 - 22:30 examine yourself in light of best practices but he has this question which I think is so good I think everyone should try and answer this and the question is imagine you're the head of your own prop trading firm and you need to interview new Traders and they don't have a track record so you've got these guys coming in the door you don't know anything um about how they trade write down what the top five qualities that you want to see in
• 22:30 - 23:00 those Traders so what are the top five things you want to see in a Trader in the interview if you can't see their track record and then grade yourself on those five qualities give yourself a score out of ten and the question becomes would you hire yourself if the answer is yes great but many people would say [ __ ] no there's no way I'd hire myself but here's the key part they know why they know why they wouldn't hide themselves they'll immediately say there's no [ __ ] way I'd hire myself geez no you know I take way too much risk
• 23:00 - 23:30 and take these really stupid trades well then those are the qualities that you need to work on so sometimes thinking about the problem in a slightly different way can be really useful I think it's a very good idea when you're looking at things to improve to literally try and break down your entire trading experience we break down you as a Trader and we say would you hire yourself but you can also ask yourself how well you know your plan for example I used to get traders that I taught and I would fire questions at them and they wouldn't be
• 23:30 - 24:00 able to answer them how many of you now can answer all of these questions number one what is your setup so basically do you know what you want to see do you know where you want to see it and you know when you want to see it so if you can Define me or setup what about if it comes along at six o'clock in the evening it's right there it's beautiful but it's six in the evening you're taking that trade or not do you know the answer to that do you
• 24:00 - 24:30 always know where to place your stop or are you faffing around I don't know where to put it if I put it here I can get a 4r but actually that looks a bit tight so maybe I should move it back here and what's your process for placing your stop um number three do you know where to Target on these trades number four how confident are you in your setup number five what would cause you to stand aside from your setup next question is there
• 24:30 - 25:00 a circumstance under which you would add to a trade how do you add what's your process for adding so again if you can't answer these questions then you probably shouldn't really be trading I know I can't stop anyone trading but I wonder if being unable to answer these questions might be at the root cause of why some people hesitate um I'm surprised how many people can't answer questions about risk if I fire questions at you and say how much risk per trade how much risk per day what happens if you hit your
• 25:00 - 25:30 daily stop you stopping out for the day what are you doing when you stop out is it turning the monitors off are you going to paper trade for the rest of the day you're going to sit there and [ __ ] watch porn what are you doing um what's happening in a good period are you scaling up risk are you getting aggressive that's what good Traders should do what's happening in a bad period and do you have a plan because once you've got a plan you can adjust it you can go look this isn't working very well or this is you know um going back
• 25:30 - 26:00 to the trader I was um speaking about earlier I jotted his points down in a notebook where he said keep things at work and and do the opposite or eliminate things that don't work that's what you should always be trying to do everyone's got a weak part of their plan somewhere maybe um the weak part of your plan is you've got terrible [ __ ] trade management maybe the weak part of your plan is you've got terrible money management you're constantly betting too small or you're getting so cocky and betting
• 26:00 - 26:30 too big um but you've got to find out your weak point and improve on it and those are the points I wanted to cover tonight but there are so many things that you can look at and that's the process of doing the weekly review um I do a weekly review I do a monthly review I do a quarterly review and I'm constantly trying to get better and like I say edgewalk throws up a lot of things so you can filter your trades and say how do I do on days of the week how do I do in certain markets or whatever but what you really want to be able
• 26:30 - 27:00 to do is sometimes answer questions that the journal doesn't cover for you and that's when you learn the most Gary when you say are some people not able to become a Trader can anyone become successful I think anyone can become a successful Trader but most won't um the one piece of advice I would give is it's basically stop [ __ ] messing around you know you can't afford to make mistakes time and time again the same mistake right I took seven years to become
• 27:00 - 27:30 profitable who the [ __ ] wants to wait seven years right seven [ __ ] years that's a long long time but I'll tell you exactly why it took me seven years because I kept doing the same thing like over and over again oh yeah well I blew an account of using no stop let me just try that again and see if this time I get a different result that's everything I wanted to go over tonight
• 27:30 - 28:00 I don't know if Adrian's tweeted anything if he tweeted anything I'm not on Twitter at the moment I'm not looking at it I don't want to get distracted but um he's probably called me a [ __ ] has he called me a [ __ ] I like Adrian he's a good man he's a good man oh I feel bad now but the thing is that's how we're going to do it going forwards Ledges I'll pick on four people every week gotta hold you accountable edges right that's what
• 28:00 - 28:30 it's about I think um execution is behind most people having issues obviously you've got to have a fairly decent strategy look you can be a master at executing some dog [ __ ] strategy you're not going to make money but I think there's so many different ways to make money and most of the strategies people present me with look good but they just keep going back to I can't do this I can't do that if only I'd taken this if only I'd taken that if only I hadn't [ __ ] gone balls deep if only I'd not been a [ __ ] and bet larger you know and so on and so forth and all these issues seem to be with executing
• 28:30 - 29:00 the strategy I've always taught my strategy but maybe now I'm going to put myself out there and say I don't give a [ __ ] how you trade I don't care if you trade a moving average crossover or you trade this strategy that strategy I'm not here to judge it but I want to make sure you're executing it well and if you execute it well um then you can get to the solution a lot quicker of whether it's a good strategy in the first place if you execute it very effectively and you're still not making money it's probably a [ __ ] strategy white Ledges I'll see some of you next week some of you uh on Twitter and uh
• 29:00 - 29:30 have a good one I'm gonna go and watch the highlights of the game don't tell me the score I'm out of here before anyone does see you later [Music]