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These are the user uploaded subtitles that are being translated: 1 00:00:03,566 --> 00:00:06,866 and so let's talk about actually cutting 2 00:00:06,866 --> 00:00:09,300 your losses short now with this particular 3 00:00:09,300 --> 00:00:13,366 strategy you do have a very specific stop 4 00:00:13,366 --> 00:00:15,466 loss point that i will be discussing when 5 00:00:15,466 --> 00:00:17,900 we actually go over the strategy but it's 6 00:00:17,900 --> 00:00:19,966 important to understand that digging 7 00:00:19,966 --> 00:00:22,566 yourself in a hole taking excessive losses 8 00:00:22,566 --> 00:00:26,000 only requires more and more capital to get 9 00:00:26,000 --> 00:00:27,933 back to break even that's kind of what 10 00:00:27,933 --> 00:00:30,666 this slide is highlighting next you want 11 00:00:30,666 --> 00:00:32,666 to understand that there is no strategy 12 00:00:32,666 --> 00:00:36,266 there is no setup with a 100 hit rate 13 00:00:36,266 --> 00:00:39,500 meaning no strategy is going to work 100 14 00:00:39,500 --> 00:00:42,566 of the time you're going to have a 15 00:00:42,166 --> 00:00:43,366 a distribution of wins and losses. This 16 00:00:42,566 --> 00:00:45,566 distribution of wins and losses this 17 00:00:45,566 --> 00:00:47,733 particular setup when followed correctly 18 00:00:45,599 --> 00:00:47,733 particular setup, when followed correctly, 19 00:00:47,733 --> 00:00:49,433 when actually checking all of the 20 00:00:48,000 --> 00:00:49,433 when actually checking all of the 21 00:00:49,433 --> 00:00:51,733 parameters that are required, it's going 22 00:00:51,733 --> 00:00:56,233 to have about a 75 to 80% accuracy. So 80% 23 00:00:51,933 --> 00:00:56,433 have about a 75 to 80 accuracy so 80 of 24 00:00:56,233 --> 00:00:59,300 of the time, if you are following it with 25 00:00:56,433 --> 00:00:59,666 the time if you are following it with all 26 00:00:59,300 --> 00:01:01,733 all of the actual parameters, meaning 27 00:00:59,666 --> 00:01:01,966 of the actual parameters meaning you're 28 00:01:01,733 --> 00:01:04,066 you're checking all of the boxes, this 29 00:01:01,966 --> 00:01:04,633 checking all of the boxes this setup will 30 00:01:04,066 --> 00:01:06,500 setup will work 80% of the time. Of 31 00:01:04,633 --> 00:01:07,133 work 80 of the time of course we will be 32 00:01:06,500 --> 00:01:07,900 course, we will be going over those 33 00:01:07,133 --> 00:01:09,466 going over those parameters a little bit 34 00:01:07,900 --> 00:01:10,600 parameters a little bit later on in the 35 00:01:09,466 --> 00:01:12,533 later on in the course here the important 36 00:01:10,600 --> 00:01:12,900 course here. The important thing to 37 00:01:12,533 --> 00:01:15,000 thing to understand is that you don't know 38 00:01:12,900 --> 00:01:15,633 understand is that you don't know which 39 00:01:15,000 --> 00:01:18,566 which setup is actually going to work or 40 00:01:15,633 --> 00:01:19,000 setup is actually going to work or not. 41 00:01:18,566 --> 00:01:20,900 not and so with that in mind you want to 42 00:01:19,133 --> 00:01:21,033 And so with that in mind, you want to be 43 00:01:20,900 --> 00:01:23,966 be putting the same amount of size in each 44 00:01:21,033 --> 00:01:23,966 putting the same amount of size in each 45 00:01:23,966 --> 00:01:25,900 trade. Now, if you are brand new to 46 00:01:25,900 --> 00:01:28,966 trading, I highly recommend trading this 47 00:01:26,233 --> 00:01:29,533 i highly recommend trading this strategy 48 00:01:28,966 --> 00:01:32,033 strategy or any strategy that you go about 49 00:01:29,533 --> 00:01:32,466 or any strategy that you go about trading 50 00:01:32,033 --> 00:01:34,166 trading that is new to you with a 51 00:01:32,466 --> 00:01:35,333 that is new to you with a simulator that 52 00:01:34,166 --> 00:01:37,233 simulator. That means paper trading. A lot 53 00:01:35,333 --> 00:01:37,866 means paper trading a lot of new traders 54 00:01:37,233 --> 00:01:39,033 of new traders push back on this because 55 00:01:37,866 --> 00:01:39,900 push back on this because they want to get 56 00:01:39,033 --> 00:01:41,133 they want to get in the game right away. 57 00:01:39,900 --> 00:01:41,866 in the game right away they want to start 58 00:01:41,266 --> 00:01:42,733 They want to start making money right 59 00:01:41,866 --> 00:01:43,933 making money right away what you have to 60 00:01:42,733 --> 00:01:44,800 away. What you have to understand is that 61 00:01:43,933 --> 00:01:45,966 understand is that making money long term 62 00:01:44,800 --> 00:01:46,900 making money long-term in the market is 63 00:01:45,966 --> 00:01:48,233 in the market is reserved for people that 64 00:01:46,900 --> 00:01:49,133 reserved for people that know how to 65 00:01:48,233 --> 00:01:51,833 know how to trade you as a new and 66 00:01:49,133 --> 00:01:52,666 trade. You as a new and developing trader 67 00:01:51,833 --> 00:01:54,166 developing trader do not know how to trade 68 00:01:52,666 --> 00:01:55,233 do not know how to trade yet. And so you 69 00:01:54,166 --> 00:01:56,400 yet and so you need to be taking things 70 00:01:55,233 --> 00:01:57,900 need to be taking things lightly. So after 71 00:01:56,400 --> 00:01:58,866 lightly so after you have proven the 72 00:01:57,900 --> 00:02:00,100 you have proven the system to yourself on 73 00:01:58,866 --> 00:02:01,166 system to yourself on a simulator or some 74 00:02:00,100 --> 00:02:02,300 a simulator or some type of paper trading 75 00:02:01,166 --> 00:02:04,333 type of paper trading platform that's when 76 00:02:02,300 --> 00:02:04,933 platform, that's when you can actually 77 00:02:04,333 --> 00:02:06,966 you can actually start to test it with 78 00:02:04,933 --> 00:02:07,966 start to test it with real money. And when 79 00:02:06,966 --> 00:02:08,866 real money and when you do go about 80 00:02:07,966 --> 00:02:09,766 you do go about testing it with real 81 00:02:08,866 --> 00:02:11,233 testing it with real money again you just 82 00:02:09,766 --> 00:02:11,900 money, again, you just want to be using 83 00:02:11,233 --> 00:02:13,833 want to be using one contract basically 84 00:02:11,900 --> 00:02:15,033 one contract, basically one lot size, 85 00:02:13,833 --> 00:02:16,266 one lot size whatever it may be that could 86 00:02:15,166 --> 00:02:17,333 whatever it may be. That could be micro 87 00:02:16,266 --> 00:02:19,733 be micro futures that could be the the 88 00:02:17,333 --> 00:02:20,000 futures. That could be the, the mini 89 00:02:19,733 --> 00:02:22,466 mini futures or it could just be maybe 90 00:02:20,000 --> 00:02:22,600 futures, or it could just be maybe you're 91 00:02:22,466 --> 00:02:23,733 you're trading options and you're just 92 00:02:22,600 --> 00:02:24,100 trading options and you're just grabbing 93 00:02:23,733 --> 00:02:26,066 grabbing one contract at a time the point 94 00:02:24,100 --> 00:02:26,833 one contract at a time. The point is keep 95 00:02:26,066 --> 00:02:29,033 is keep things light until you have proven 96 00:02:26,833 --> 00:02:29,233 things light until you have proven to 97 00:02:29,033 --> 00:02:31,200 to yourself that the strategy works there 98 00:02:29,233 --> 00:02:31,333 yourself that the strategy works. There is 99 00:02:31,200 --> 00:02:35,666 is absolutely no reason to add size into 100 00:02:31,333 --> 00:02:36,033 absolutely no reason to add size into any 101 00:02:35,666 --> 00:02:38,666 any strategy that you're new to remember 102 00:02:36,033 --> 00:02:38,700 strategy that you're new to. Remember, 103 00:02:38,666 --> 00:02:42,633 trading does include risk there is risk of 104 00:02:39,333 --> 00:02:42,400 trading does include risk. There is risk 105 00:02:42,400 --> 00:02:44,466 of total loss here. If you don't know what 106 00:02:42,633 --> 00:02:44,466 total loss here if you don't know what 107 00:02:44,466 --> 00:02:46,666 you're doing, as always, anything I 108 00:02:46,666 --> 00:02:48,733 mentioned throughout this course is just 109 00:02:48,733 --> 00:02:50,500 for educational purposes is not a 110 00:02:50,500 --> 00:02:52,700 recommendation to buy anything whatsoever. 111 00:02:52,766 --> 00:02:54,933 i'm simply highlighting what has worked 112 00:02:53,000 --> 00:02:54,933 I'm simply highlighting what has worked 113 00:02:54,933 --> 00:02:57,033 for me and some clients in the past. These 114 00:02:57,033 --> 00:02:59,633 results may be atypical. You may not be 115 00:02:59,633 --> 00:03:01,733 able to accomplish them, that is why I 116 00:02:59,666 --> 00:03:01,733 able to accomplish them that is why i 117 00:03:01,733 --> 00:03:04,633 offer the money back guarantee. If you 118 00:03:04,633 --> 00:03:07,366 follow this to a T, meaning you follow all 119 00:03:07,333 --> 00:03:09,133 of the parameters that i have actually 120 00:03:07,366 --> 00:03:09,100 of the parameters that I have actually 121 00:03:09,100 --> 00:03:11,333 outlined within the setup, and you are not 122 00:03:09,133 --> 00:03:11,333 outlined within the setup and you are not 123 00:03:11,333 --> 00:03:13,500 able to generate better than break-even 124 00:03:13,500 --> 00:03:16,133 results within 60 or so trading days, 125 00:03:16,533 --> 00:03:18,200 reach out to me. I'm happy to meet with 126 00:03:16,766 --> 00:03:18,933 out to me i'm happy to meet with you via a 127 00:03:18,200 --> 00:03:20,300 you via a Zoom session so we could kind of 128 00:03:18,933 --> 00:03:20,566 zoom session so we could kind of get a 129 00:03:20,299 --> 00:03:22,200 get a look at your results, or I'll just 130 00:03:20,566 --> 00:03:22,633 look at your results or i'll just go ahead 131 00:03:22,200 --> 00:03:24,500 go ahead and give you your money back that 132 00:03:22,633 --> 00:03:25,066 and give you your money back that you paid 133 00:03:24,500 --> 00:03:27,500 you paid for the course. Now, moving on 134 00:03:25,066 --> 00:03:28,033 for the course now moving on with the 135 00:03:27,500 --> 00:03:30,366 with the actual risk management portion of 136 00:03:28,033 --> 00:03:30,666 actual risk management portion of this 137 00:03:30,366 --> 00:03:35,066 this, understand risk-to-reward ratio. If 138 00:03:30,666 --> 00:03:35,066 understand risk to reward ratio ratio if 139 00:03:35,066 --> 00:03:38,733 you have a risk-to-reward ratio of just 2 140 00:03:38,733 --> 00:03:42,666 .5, the required win rate is only 28%. 141 00:03:38,766 --> 00:03:42,266 .5 the required win rate is only 28 142 00:03:42,266 --> 00:03:45,333 percent now a lot of these setups that 143 00:03:42,666 --> 00:03:45,500 Now, a lot of these setups that you're 144 00:03:45,333 --> 00:03:46,933 you're going to be looking at with this 145 00:03:45,500 --> 00:03:46,900 going to be looking at with this 146 00:03:46,899 --> 00:03:49,166 particular strategy, they may be 1 to 1, 147 00:03:46,933 --> 00:03:49,166 particular strategy they may be one to one 148 00:03:49,166 --> 00:03:50,966 they may be three to one they may be four 149 00:03:49,399 --> 00:03:51,400 they may be 3 to 1, they may be 4 to 1. It 150 00:03:50,966 --> 00:03:53,566 to one it kind of actually depends on what 151 00:03:51,399 --> 00:03:53,733 kind of actually depends on what is 152 00:03:53,566 --> 00:03:55,500 is presented in the market we're going to 153 00:03:53,733 --> 00:03:55,633 presented in the market. We're going to be 154 00:03:55,500 --> 00:03:58,033 be looking at how to calculate what that 155 00:03:55,633 --> 00:03:58,233 looking at how to calculate what that risk 156 00:03:58,033 --> 00:04:00,666 risk to reward ratio is but understand 157 00:03:58,233 --> 00:04:01,000 -to-reward ratio is, but understand also 158 00:04:00,666 --> 00:04:03,433 also that this setup has a very high hit 159 00:04:01,000 --> 00:04:03,766 that this setup has a very high hit rate. 160 00:04:03,433 --> 00:04:06,033 rate regardless if it is one to one or 161 00:04:03,933 --> 00:04:06,833 Regardless if it is 1 to 1 or better, I am 162 00:04:06,033 --> 00:04:08,366 better i am usually taking this setup if 163 00:04:06,833 --> 00:04:09,133 usually taking this setup if it does match 164 00:04:08,366 --> 00:04:10,266 it does match all the parameters that i'm 165 00:04:09,133 --> 00:04:10,800 all the parameters that I'm looking for. 166 00:04:10,266 --> 00:04:12,800 looking for now limiting losses we want to 167 00:04:11,000 --> 00:04:13,366 Now, limiting losses. We want to focus on 168 00:04:12,800 --> 00:04:14,866 focus on those areas that have very tight 169 00:04:13,366 --> 00:04:15,533 those areas that have very tight risk and 170 00:04:14,866 --> 00:04:17,166 risk and very big reward this should be 171 00:04:15,533 --> 00:04:17,700 very big reward. This should be pretty 172 00:04:17,166 --> 00:04:19,666 pretty obvious but it it is worth 173 00:04:17,700 --> 00:04:20,766 obvious, but it is worth repeating. The 174 00:04:19,666 --> 00:04:22,200 repeating the beauty of this particular 175 00:04:20,766 --> 00:04:23,800 beauty of this particular strategy is that 176 00:04:22,200 --> 00:04:25,566 strategy is that it gives you a defined 177 00:04:23,800 --> 00:04:27,333 it gives you a defined risk point. You 178 00:04:25,566 --> 00:04:28,733 risk point you know exactly where you're 179 00:04:27,333 --> 00:04:29,266 know exactly where you're wrong on the 180 00:04:28,733 --> 00:04:30,633 wrong on the trade if you choose to hold 181 00:04:29,266 --> 00:04:31,000 trade. If you choose to hold the trade 182 00:04:30,633 --> 00:04:33,100 the trade beyond that well then you're 183 00:04:31,000 --> 00:04:33,433 beyond that, well then, you're gambling. 184 00:04:33,100 --> 00:04:35,200 gambling you're not actually trading and 185 00:04:33,466 --> 00:04:35,633 You're not actually trading. And so, we 186 00:04:35,200 --> 00:04:37,666 so we want to look for those areas those 187 00:04:35,633 --> 00:04:38,433 want to look for those areas, those setups 188 00:04:37,666 --> 00:04:39,666 those setups that offer a very very 189 00:04:38,433 --> 00:04:40,300 that offer a very, very defined risk 190 00:04:39,666 --> 00:04:41,733 defined risk point again this particular 191 00:04:40,300 --> 00:04:42,233 point. Again, this particular setup that 192 00:04:41,733 --> 00:04:43,033 setup that we're going to be discussing 193 00:04:42,233 --> 00:04:43,700 we're going to be discussing here shortly 194 00:04:43,033 --> 00:04:45,166 here shortly actually does offer that 195 00:04:43,700 --> 00:04:46,433 actually does offer that, which is why it 196 00:04:45,166 --> 00:04:47,333 which is why it is one of the easier money 197 00:04:46,433 --> 00:04:48,433 is one of the easier money plays that the 198 00:04:47,333 --> 00:04:51,066 plays that the market offers now more 199 00:04:48,433 --> 00:04:52,400 market offers. Now, more basics on risk 200 00:04:51,066 --> 00:04:53,800 basics on risk management we want to be 201 00:04:52,400 --> 00:04:55,833 management. We want to be relying on price 202 00:04:53,800 --> 00:04:57,733 relying on price structure when it comes 203 00:04:55,833 --> 00:04:58,400 structure when it comes to setting our 204 00:04:57,733 --> 00:04:59,633 to setting our stops that means we're just 205 00:04:58,400 --> 00:05:00,600 stops. That means we're just looking at 206 00:04:59,633 --> 00:05:02,866 looking at nearby price action we're just 207 00:05:00,600 --> 00:05:03,566 nearby price action. We're just looking at 208 00:05:02,866 --> 00:05:06,300 looking at what are the nearby candles 209 00:05:03,566 --> 00:05:06,866 what are the nearby candles, what are the 210 00:05:06,300 --> 00:05:08,366 what are the nearby levels of support and 211 00:05:06,866 --> 00:05:08,633 nearby levels of support and resistance 212 00:05:08,366 --> 00:05:10,900 resistance that i can use to set my stop 213 00:05:08,633 --> 00:05:11,900 that I can use to set my stop? Again, this 214 00:05:10,900 --> 00:05:14,133 again this setup the nature of this setup 215 00:05:11,900 --> 00:05:14,966 setup, the nature of this setup has that 216 00:05:14,133 --> 00:05:16,566 has that built into it and so we'll be 217 00:05:14,966 --> 00:05:17,066 built into it. And so, we'll be discussing 218 00:05:16,566 --> 00:05:19,800 discussing that momentarily but this is 219 00:05:17,066 --> 00:05:20,133 that momentarily. But this is just an 220 00:05:19,800 --> 00:05:21,466 just an important part of risk management 221 00:05:20,133 --> 00:05:21,666 important part of risk management. You 222 00:05:21,466 --> 00:05:23,900 you want to be setting your risk on areas 223 00:05:21,666 --> 00:05:24,333 want to be setting your risk on areas that 224 00:05:23,900 --> 00:05:26,466 that you know you're wrong right away 225 00:05:24,333 --> 00:05:27,066 you know you're wrong right away, right? 226 00:05:26,466 --> 00:05:30,166 right another piece here just on sizing 227 00:05:27,333 --> 00:05:30,133 And another piece here just on sizing. 228 00:05:30,166 --> 00:05:34,000 generally speaking uh if you take you know 229 00:05:30,533 --> 00:05:34,000 Generally speaking, if you take, you know, 230 00:05:34,000 --> 00:05:36,266 two losses back to back with this 231 00:05:34,333 --> 00:05:36,266 two losses back to back with this 232 00:05:36,266 --> 00:05:38,166 particular strategy is probably just time 233 00:05:37,933 --> 00:05:41,166 time to wrap it up and call it a day wait 234 00:05:38,166 --> 00:05:41,333 to wrap it up and call it a day. Wait for 235 00:05:41,166 --> 00:05:43,066 for the next trading day see what the next 236 00:05:41,333 --> 00:05:43,066 the next trading day, see what the next 237 00:05:43,066 --> 00:05:45,000 trading day presents, and take it from 238 00:05:44,966 --> 00:05:47,033 there there's no reason whatsoever to 239 00:05:45,000 --> 00:05:47,033 there. There's no reason whatsoever to 240 00:05:47,033 --> 00:05:49,533 continue to press with this strategy or 241 00:05:49,533 --> 00:05:51,800 any other strategy all throughout the day 242 00:05:51,766 --> 00:05:54,100 if you are just taking back to back losses 243 00:05:51,800 --> 00:05:53,633 if you are just taking back to back 244 00:05:53,633 --> 00:05:56,000 losses. Personally, a rule that I keep is 245 00:05:54,100 --> 00:05:56,466 personally a rule that i keep is if i have 246 00:05:56,000 --> 00:05:58,300 if I have three losses in a row, I shut it 247 00:05:56,466 --> 00:05:59,066 three losses in a row i shut it down no 248 00:05:58,300 --> 00:06:00,900 down. No matter how I'm feeling, no matter 249 00:05:59,066 --> 00:06:01,300 matter how i'm feeling no matter what i 250 00:06:00,900 --> 00:06:03,733 what I see later on in the day, I shut it 251 00:06:01,300 --> 00:06:04,433 see later on in the day i shut it down now 252 00:06:03,733 --> 00:06:06,433 down. Now, risk management, another kind 253 00:06:04,433 --> 00:06:07,966 risk management another kind of piece on 254 00:06:06,433 --> 00:06:09,500 of piece on ideal position size. 255 00:06:07,966 --> 00:06:10,833 ideal position size eventually you want to 256 00:06:09,700 --> 00:06:11,900 Eventually, you want to be adding enough 257 00:06:10,833 --> 00:06:14,166 be adding enough size to where you kind of 258 00:06:11,900 --> 00:06:14,633 size to where you kind of find this 259 00:06:14,166 --> 00:06:16,800 find this optimal performance level now 260 00:06:14,633 --> 00:06:17,400 optimal performance level. Now, again, I 261 00:06:16,800 --> 00:06:18,866 again i don't want to touch too much on 262 00:06:17,400 --> 00:06:19,066 don't want to touch too much on this 263 00:06:18,866 --> 00:06:20,633 this because as a newer and developing 264 00:06:19,066 --> 00:06:21,000 because as a newer and developing trader, 265 00:06:20,633 --> 00:06:23,066 trader you should be just trading the 266 00:06:21,200 --> 00:06:23,833 you should be just trading the minimal lot 267 00:06:23,066 --> 00:06:25,066 minimal lot size it's going to be just one 268 00:06:23,833 --> 00:06:25,533 size. It's going to be just one lot size. 269 00:06:25,066 --> 00:06:27,500 lot size so one contract is usually going 270 00:06:25,600 --> 00:06:27,733 So one contract is usually going to be 271 00:06:27,500 --> 00:06:29,766 to be where you want to be now eventually 272 00:06:27,733 --> 00:06:29,800 where you want to be. Now, eventually, 273 00:06:29,766 --> 00:06:31,933 once you start to prove the results to 274 00:06:29,933 --> 00:06:31,933 once you start to prove the results to 275 00:06:31,933 --> 00:06:35,833 yourself, you can start to add in some 276 00:06:35,833 --> 00:06:38,133 size to that. But you don't want to be 277 00:06:36,300 --> 00:06:38,866 to that but you don't want to be trading 278 00:06:38,133 --> 00:06:40,466 trading too large where you are anxious 279 00:06:38,866 --> 00:06:40,966 too large where you are anxious about the 280 00:06:40,466 --> 00:06:42,033 about the trade and you're not trading 281 00:06:40,966 --> 00:06:42,533 trade and you're not trading correctly 282 00:06:42,033 --> 00:06:44,200 correctly. Maybe you're overly focused on 283 00:06:42,533 --> 00:06:44,933 maybe you're overly focused on your pnl 284 00:06:44,200 --> 00:06:46,233 your P&L rather than what the setup is 285 00:06:44,933 --> 00:06:46,533 rather than what the setup is actually 286 00:06:46,233 --> 00:06:48,700 actually showing. That is going to be a 287 00:06:46,533 --> 00:06:49,333 showing that is going to be a major 288 00:06:48,700 --> 00:06:51,466 major trading error. So there is kind of 289 00:06:49,333 --> 00:06:51,666 trading error so there is kind of this 290 00:06:51,466 --> 00:06:54,433 this optimal performance area that you 291 00:06:51,666 --> 00:06:54,733 optimal performance area that you want to 292 00:06:54,433 --> 00:06:57,033 want to be focusing on. And so now that 293 00:06:54,733 --> 00:06:57,500 be focusing on and so now that all the 294 00:06:57,033 --> 00:06:59,833 all the risk management portion is behind 295 00:06:57,500 --> 00:07:00,400 risk management portion is behind us just 296 00:06:59,833 --> 00:07:02,333 us, just to kind of recap, again, highly 297 00:07:00,400 --> 00:07:02,733 to kind of recap again highly recommend 298 00:07:02,333 --> 00:07:04,033 recommend starting this out with paper 299 00:07:02,733 --> 00:07:04,633 starting this out with paper trading or 300 00:07:04,033 --> 00:07:05,600 trading or trading on some type of 301 00:07:04,633 --> 00:07:07,533 trading on some type of simulator from 302 00:07:05,600 --> 00:07:09,133 simulator from there when you actually do 303 00:07:07,533 --> 00:07:10,033 there when you actually do get into live 304 00:07:09,133 --> 00:07:11,800 get into live or real money trading, or 305 00:07:10,033 --> 00:07:12,566 or real money trading or maybe even if 306 00:07:11,800 --> 00:07:14,000 maybe even if you're with a prop firm like 307 00:07:12,566 --> 00:07:14,933 you're with a prop firm like top step you 308 00:07:14,000 --> 00:07:16,100 Top Step, you want to just be trading one 309 00:07:14,933 --> 00:07:16,833 want to just be trading one contract at a 310 00:07:16,100 --> 00:07:19,000 contract at a time while you kind of get 311 00:07:16,833 --> 00:07:19,666 time while you kind of get your footing 312 00:07:19,000 --> 00:07:21,300 your footing and familiarize yourself with 313 00:07:19,666 --> 00:07:22,166 and familiarize yourself with the with the 314 00:07:21,300 --> 00:07:24,500 the actual strategy using real money. 315 00:07:22,166 --> 00:07:25,033 actual strategy using real money okay 316 00:07:25,033 --> 00:07:27,433 there's a lot of ways in which price can 317 00:07:25,166 --> 00:07:27,433 There's a lot of ways in which price can 318 00:07:27,433 --> 00:07:29,733 unfold. To assume that you have seen them 319 00:07:29,733 --> 00:07:32,700 all within just a week of trading is very 320 00:07:32,500 --> 00:07:34,833 very naive you don't want to be doing that 321 00:07:32,700 --> 00:07:34,966 naive. You don't want to be doing that to 322 00:07:34,833 --> 00:07:35,800 to yourself okay 323 00:07:34,966 --> 00:07:35,833 yourself. Okay. 24211

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