What you need to know before becoming a trader

Most traders come with a story about how they've lost a bucket load of cash trying to trade. What I hear is: they didn't have the knowledge on how to do it well.

Meaning: they were guessing. Instead of using proven system to trade, with clear rules that predict wins.

The latter is how I trade, and how my mentor (and his students) trade.

Between us, we have millions of dollars in the market.

So to say it's a tried and tested method is an understatement.

If you've been thinking about trading but haven't known where to start or what you need to know, this episode is made for you. 

To be clear: this episode is about trading, not investing.

Before trading, you first need to have a solid knowledge base of investing. Trading is an evolution of investing, not the other way around.

If you want learn how to trade, but don't know the investing basics yet - then come and join Investing Bootcamp (the price will be going up soon) so you can get the base knowledge you need before learning to become a trader.

Even if you're curious - tune in. You will learn A LOT! 

xo
Simone

If you know you want to learn to trade and have been waiting for me to finnnnnnallllly talk about it more, then you can find out more about my mentors trading program here. It's the ONLY one I recommend in the market.

Listen in here, and where you get your podcasts:

Prefer to read the transcript?

You're here because you want more out of life, more money, pleasure, flow, freedom, luxury. He we are all about an unwavering Southwest and a net worth. You love to talk about. My name is Simone Masa Huggins. I'm your resident unapologetic wealth queen. So far I've built seven figures from the ground up. And these community is now doing the same. The ms. Wealthy movement is here to help you be more of the badass queen. You were born to be so tune in for everything, investing money, energetics, millionaire, mindsets, and everything in between. If you want to be a powerful player in the money game, you are in the right place. So welcome to the kiss, my money.

Okay.

God. How much am I in love with the new podcast intro? Holy crap. I think I could probably listen to that on repeat all day. Quite literally. This is a part of really like the bigger view for ms. Wealthy. We are kind of looking at the rebranding of it and really like what we stand for, what we are part of and what this movement really is all about. You've probably noticed that there's been a slight lull in the last month or so, as I've been looking at like genuinely, like, what do we hear? What game are we playing with this movement? Because it really does go so much more beyond investing. And that's what we're going to really be talking about even more so. So as the intro now explained, it's all about investing wealth building as the forefront, always I'm trading as well, money energetics, millionaire mindsets.

Obviously I cover and have covered all of these topics before, but really we're taking a stand now and what this brand is about and what this movement is about, and really starting to look at when you come into the ms wealthy world, you know, you are part of something and that intro completely and utterly sums it up. It is the game. And no one yet the energy of something is so infused that intro is Mike drop what we're here to do. So you're going to start to see more of a clearer brand message and really more of like a clearer, this is, this is what we're about. And so today's episode, I'm pretty excited to talk about, because this is something that's been building the background for a time. You know, I've mentioned trading before. Obviously, you know that if you've been following me for awhile, you know, that trading is part of my journey was an evolution from investing.

And it is part of my entire investment portfolio. I invest and I trade. And if you're coming into this world new to this, and you're, you're not yet an investor I don't want like, please don't let it freak you out. I totally started from absolute newbie. My parents still don't invest at all. So my mom ended up buying investment properties down the line, but I've mentioned a little bit about my story. Quick recap, didn't go out with much like literally my dad had holes in his shirts and holes in his shoes and genuinely struggled to get by. They still live in the same house that they did when I was Bowen. I was a baby. So my parents were never really together. So, you know, like my dad was separate to my mum. They found out I was pregnant and they were already separated.

Sorry. They found out my mom was pregnant and they were already separated. So they have a great relationship though, is just like, you know, no funny business there. They got on really, really well. But I grew up kind of separately and both genuinely struggled in the money game, in the wealth building game. And I did not grow up with a silver platter. We had nights where genuinely, we didn't have a roof over our head. So when I say I have built everything to where I am now, you need to know that I didn't start with a silver spoon in my mouth. As that saying goes, even if you are starting at that, there's also zero judgment. No shade is just that. I know a lot of belief systems can come from. Yeah, but you started with what about no, I didn't. And so I want to talk about trading even more so as an evolution to investing, if it's kinda like, you know, enough about investing in trading and you know, you don't want to trade, then skip this episode.

It's not for you. If you're curious about trading, definitely listen in. And if you are new to investing and still curious about trading, it's still listening, but don't let this freak you out either. You don't need to be a trader to build a million or mill time million dollar portfolio. Okay. I really need to be clear about that. It is a next level. It's an evolution of investing. And why I say that is you cannot become a trader. If you don't know how to invest first, if you don't know how literally how the investing world works, even things like the jargon and what it go up and down supply and demand and volatility and understanding of risk, and literally how international markets work asset allocation, the, the fundamentals, which is what we go deeply into insight investing bootcamp. And when you come out of that on the other side, so many of the members have actually gone on to become traders under the mentor that I recommend, which is who I'm going to be talking about today.

And now I, we are at why I'm at a place where I have a very, very, very clear path for traders to start with him and his program. So I have now become an affiliate for him literally as of last week. So, and I, now he now has a program for beginners that wasn't the case before, which was why so many people just couldn't start at that level. You had to pretty much already know what you're doing in the trading world to start in any of his programs, in understanding trading. But really, I mean, I'm going to talk about him and reference him. So you know what to look for, but even if you don't, even if you say you want to know, if you want to become a trader, then keep listening to this. This is going to be like an amazing episode for you to get clarity on that and to understand the world a little bit more because there's so many misconceptions about it.

And even if you think you want to kind of learn how to trade, but you don't want to, you know, if you check out his program Adrian's program then, and you don't want to join his, then at least you'll know what to look for with someone else. Okay. And this is really important because I get us so much about obviously investing, but also about the trading world. And so many of the questions come from, unfortunately I just, I wish I could spend three hours explaining why that question that they asked is full of, Oh my God, I just, I can see money seeping out of their account because of, based on the question they're asking, but of course, how do you know that when you're in the beginning, how do you know that when you're a total newbie and I, I was fortunate enough where I was fortunate enough was I learned the right way of how to trade many people's stories of actually learning to trade eventually, or becoming a successful trader or completely stopping is born out of and starts from a place of, they started to try to trade and they just basically lost a shit ton of money.

They lost their entire account, or they were you know, they had leverage meaning they borrowed to try it as well. And so they got margin calls or they just lost even more money than they started with so many, so many stories. And then they, you know, some persevere and finally learn how to trade the right way. And trust me, there is a way, Oh my God, there is a right way. And some just kind of stopped. And when you hear things like, Oh, the, you know, investing is service ski, that those comments are actually born out of stories from people who don't know how to trade and lose money. And then there's such a mix up with investing and trading, meaning the same thing. So let me just clear that up right now, investing in trading is not the same thing. I get it because it's confusing.

When you become an invest store, you, you place trades on the market. So you can place a buy trade, or even a sell trade. Which is confusing. Cause it is the act of trading, but not the same as being a trader. And I'm going to talk about that today, what it actually means. So the first step is like, most people assume that if you're a trader, you are a day trader. So like, imagine there's like screens, think of Wolf of wall street, right? And you're like walking into that floor where everyone's like yelling down the phone and they've got like six different computer screens. So that is, that is what most people think about when they say trading. So those people would that, that movie and what a lot of the movies are based on what is called a day trader a day trader means you take a chunk of money and it's in the market at the beginning and open, open trades, or you trade during the day.

But minute by minute, sometimes even like 15 second by 15 second. And you're out in your, and you're at your end because when you look at the volatility of a day, it literally goes up and down and up and down in one day. And then if you look at over a week, it goes up and down over a month, up and down for a year up and down. But over time it always goes up. I've spoken about this before the economy always goes up. It has bumps in between and it goes down sometimes and it, then it goes up, but it always ends up going up. That's how the economy is designed. It's how it works. We have inflation. It has to have like, the economy goes up, it's just fundamental basics of economics. Okay. So this whole investing is risky thing. I adjust. I mean, it doesn't trigger me anymore.

In the beginning, I used to kind of get sort of frustrated more just out of, because I wanted people to actually get the knowledge, not some B S line that is spun from someone who, who knows someone who lost money in trading, because they didn't know what they were doing. They didn't have the actual knowledge. Right. They just got some information because there's a shit ton of that out there. And they tried their luck. And when people say, Oh, trading is like gambling, well, it can be, it can be when you're literally closing your eyes and going pin the tail on the donkey style trading, which is what unfortunately, most people do. So I'm going to talk, you talk to you about

What the differences are and what they do.

I actually mean so that you can get some actual knowledge here, not just more fluff and more noise and more information that swimming people throw out. So the first thing is, there's the difference between what is called a discretionary trader and a technical trader. And boy did these terms sound boring, right? But that's just, that's just the game. The game, the game is some of these terms of boring, but so discretionary means you pretty much like pick based on market conditions. So you use your discretion. It's like decision based trading is the game. No one knows what's going to happen in the next five minutes, 10 minutes, 15 minutes next hour, next week, next decade, genuinely. No one knows. We know that the market's going to go up and up up because the economy has to, we always have new players. We always have new brooms.

We always have new technology. We always have new developments. We're currently in a technology, boom, right? We've been in mining booze before we've been in a tech boom before we've been in a housing boom. The economy is driven and always is based on new players coming into the market. Now, you know, the Apple and the Google and the app, the yahoos and the Facebooks of the world pretty much the Glading a really large part of the economy right now, but that wasn't always the case. It wasn't the case 40 years ago. So we always have new companies. And the reality is these companies are not going to be around forever. Like Amazon wasn't Amazon the way it was 20 or 30 years ago. So anyway, discretion remains market conditions, decision based. So when the market is going up and things are looking good.

And it's you basically making play by play decisions, pretty stressful. Because if you think about it, you are in a constant state of having to make these decisions based on most of the time, emotions, pretty hard to determine in between like what is actually going on from your emotions. Cause we all have biases. We all have mindsets and belief systems that sway the decisions we make. Right. Then you have on the other side, technical technical means you, you just look at charts and rules based. So it's all roles. And I could talk to you for hours about how to read a chart and what to look for and are different terminology that is used in chart based or technical training. Right? And you probably have also seen a lot of information if you go to YouTube. And there even people, plenty of people selling training and courses and programs around how to read technical charts or how to be a technical trader, meaning how to read literally how to write shots and all these different names and terminologies based on the different market moves that happen when you read a chart, Oh, here's the thing.

Just because you can look at a chart, anyone can pull out a pattern. Anyone can go, Oh,

There's a double top. Like

This means whatever. Anyone can go. I can put some Fibonacci lines on this chart and therefore determine what the next breakout is going to be. Anyone can do that. It doesn't actually mean you're going to be successful as a trader. And this is probably on the flip side of technical trading versus discretionary or decision based when,

As people fall,

Because they don't actually see the long term play. We can look at charts on a minute, by minute basis, a day basis, a week basis, like a month. And you can,

I see a pattern

Always where it actually gets to the point where you become a proficient trader and a profitable trader is where you take those rules and you create a system out of it, a system that you can test again and again and again, across basically, and go, okay, if I take this pattern that looks profitable, right? We've got this uptrend. Maybe there's a breakout. Maybe there's a moving average. And if all of these terms are really don't mean anything to you, don't worry about it. It's more that these are terms that you start to learn when you learn more about trading and really all trading is based on down to it's literally price and volume. That's it, it's a combination of those two, which make up literally hundreds and thousands of different terms and patents and quote unquote secret formulas that people will tell you that they have like, but genuinely it's it's, it's based on those two things.

What else, what else is there? There's nothing else. There's price volume and how much it moves. That's literally it. So you can have momentum, meaning things, you know, a breakout, meaning the price moves really quickly over a couple of days, or you will have something that maybe it has a double top or meaning it goes up and down and then it breaks out from there. Or maybe you have a trend, meaning there's a period of time where it starts really gaining momentum. You can have moving averages. So the average of that price for that day, and that moves over say one week or two weeks, and you have short moving averages. And if a short moving average crosses over a long moving average, then that usually indicates a trend over a period of time.

So pretty much you can put her back

And of these different things on to each other and work out a system that's pretty much systematic trading, or at least the next level of systematic versus just looking at a couple of charts on a screen, which I'm going to be really honest with you is rudimentary at best looking at charts on screens. I genuinely don't know. I have not met anyone that is a long term successful profitable trader that looks at charts on a screen. And that's their methodology like that, that shit does it doesn't work. I'm going to be real with you. So the people that asked me questions about how to reach out to on screens, okay, we can't start there. That's that's not, that's not the game. Okay. So basically we have to look at those patterns and create rules out of it that creates a system that we can test over other stocks. So the downside of just looking at one chart means that you can only look at one stock at a time. How many stocks are there going

Really

Thousands, hundreds of thousands, literally hundreds of thousands. It is impossible for you or anyone to look at chart after chart, after chart, and then have to do it day after day after day. Because guess what? Every single day, you have a brand new chaat. You have a brand new set of price and volume, right on a screen, and you have hundreds of thousands of them. So the game, the profitable game is you actually create a system that scans all of the charts, meaning all of the price and movements for every single stock that you want to look at and apply it, apply that rules that you've determined work and see if it is actually profitable over other markets in different market conditions. And then if it's not, then you create another role or you stack a couple of rules onto each other, and then you have some rules to exit.

So when you know trades turn, and that is essentially what turns into your algorithm, that is your system, your system to trade why this works is because it's testable. You can, we have literally decades of data that you can test. You can back test or not. So you can go, okay, well, if I take this pattern that looks to be profitable and I apply this against a bunch of other stocks as well, and it's still profitable. Then I can apply this against a bunch of different years in the past and Oh my God, it's still profitable. So then you have a system that actually works in different market conditions, across different markets, across different stocks. And you can test its robustness, meaning how sturdy it actually is because you know how I said, anyone can just look at a chart and go, Oh, look, there's a pattern.

That'll work. But that doesn't mean if you apply it to something else and you don't test it, that doesn't mean it will work. It might've worked for that one stock at that one week or that one day. That doesn't mean that it will again. So we have to like actually test it. I'm telling you the number of systems that I have developed that fell flat on its face. Just lost a ton of money in back testing. Meaning you get a trading program that you put all of these rules in and it scans all of the different stocks that you want to look at and it spits it out with your report out and goes, yep. There was a profitable is by how much or no, this is, you've got to lost X amount of money. The number of systems I've developed that just tanked, Oh my God, I can't even tell you.

So there is of course a methodology in it. There is a way to do it well and the way to really bomb at it. And so fortunately for me, I actually learnt the right way. The first time I didn't, I didn't have a story in losing a shit ton of money in trading. That doesn't mean I'm, I'm not perfect. So I have definitely as a trader, not followed the rules of my trading system because my, I let my emotions get in the way and play me. And couple of times it worked out well and a couple of times it did not. And I've learned my lesson, essentially. I have to fill out my freaking system. So S so I am a end of day trader. Do you know how I was talking about? Most people think that when you referenced trading that it means you're a day trader.

The problem with day trading is you are looking well. You have to look at the price movements as often as you want them to come in. So you can look at them second by second. Obviously, no human can actually do that and make decisions within second by second. So this is where high frequency trading algorithms that are run by computers come in. So that's not the game we're playing that usually costs millions of dollars for companies to set up. Now, does it exist? Yes, it does. And it exists in the market and most of the time they are taking literally like microsecond data and miniature amounts off the differences of spreads on. Now, I'm getting really technical, but it's not something that you need to worry about because there are trillions of dollars circulating the economy. Second-By-Second so you don't need to worry about everyone else.

That's reading. There's plenty out there. It's plenty out there for you to play the trading game and win a lot of money in it, if you do it well. And if you learn how to do it properly, so I am not a day trader and I also do not recommend it. The reason being is the why you get into trading in the first place as an evolution to investing is obviously if you're interested in it and if you're wired that way, and if you're not cool, you go and do the thing that you want to go and do that you have fun with. I personally just find the trading game fun. I really enjoy the learning process. I like the technical side. I, when I think back, I, you know, you know, in hindsight, you always look at your history and like what you could have done, maybe how your life would have played out.

I mean, I don't think I could ever not be an entrepreneur and build the life that I have built, but if I had my time over again of what I studied at university, I probably now thinking back would have studied engineering because my brain is just wired that way. I like, I like to think about how things go together and how things work. And it's just, that's just fun for me. So I find the trading game fun. I don't find it stressful. I mean, learning the way I learned was stressful. And I don't encourage you to learn the way I did. And I'm going to tell you about the better way in a minute, but why was I going with them? Oh, right. I find it. I find it fun. But what I don't find fun is looking at price movements, intraday, which is what day trading is.

So within a day, the whole point of trading is to give me financial freedom and flexibility. So if I'm stuck to my screen all day, looking at data, moving up and down and making, obviously I can't make minute by minute decisions, but you can still look at any form of data in any timeframe. So you can look at 15 second, one minute, 15 minute, one hour. Most markets around the world are open from 10 to four ish depending on the market. And then obviously you have multiple markets. So there's Australia, that's open it. You don't tend to four. And then you have the NYC in the U S and you have the NASDAQ also in the us. And then you have the LSE, London stock exchange in the UK, and then you have every other market around the world, the Hong Kong exchange. Then we've got, literally, you can go to any market that you want.

So at any given moment, there's usually one market or apron around the world, which if you were to do that, then yes, then you have to have multiple screens if you want it to be a day trader. And the cost of being a day trader to get the data is actually quite, quite expensive because you're getting that feed like literally constantly every, whatever one minute, 15 minutes, one hour. So I don't encourage that. It's definitely not the model that I personally like also a proven yes, to not actually be more profitable. So when you look at longer term traders, and when I say longer term, I don't mean years, but you could hold as a trader positions, meaning a trade for years, but you can be a trader and take trades that you're in for a couple of days. You could be, it could be a couple of weeks, a couple of months, and sometimes even a couple of years.

And sometimes the couple of years, once you're only in them, because they're the ones that making tend to make you a crap ton of money because they just keep going up and up and up, right. And sometimes you have loses as well. And so you get out of them obviously, but the reason I don't Dre day trade is no more profitable. At least what they've been showing. It's, that's not how I want to actually want my life. I want to do all this stuff during the day. So just as effective, if not, probably more effective is what is called end of day trading. So you get the data for that day. So it's essentially a 24 hour period, right? So pretty much everyone. I know I end up day traders. Yeah, pretty much everyone. And certainly everyone that I know at least in my world are profitable and my mentor.

And now the coach that I recommend and refer, I'm going to start referring people to whom is wealthy, is aligning to, in terms of a trader, if, if this is something that is sounding fun and exciting, and something that you want to learn about is Adrian. And he is very profitable and has been in this game for decades over decades and is built well over seven figures, just, just in trading. So he teaches end of day trading and you can do it in whatever you like, and doesn't really matter. It doesn't matter what market you are in the world. It's exactly the same with investing bootcamp. Doesn't matter where you are. The markets operate very much the same, your investing strategy doesn't massively change, but it is based on you and you can make any strategy work in any market. So that's why we have members in investing bootcamp from the UK, the us Australia, some are even from France.

So where was I going with that? I have my notes here in front of me to make sure I hit on so many things could, because trading is one of those things where I could just, literally we could have like a one week, like seminar, like a conference, you know, we come over and we like, literally learn about trading and teach trading. And one week still wouldn't be enough. Like that's literally lunch there is to talk about in this game, there was also so much that, again, just say with investing, there's so much information out there. And a lot of it is, is, is actually kind of useless, does definitely knowledge to know that helps you be profitable. It's just that when you're a beginner, it really is so hard to work out what it is. Same with investing. It's so hard to work out what is actual, just noise and what is information and what is actual knowledge and how can I just ignore everything else?

Because it's pointless. You lending crap that you never gonna use, and isn't actually going to make you any money. Right? So what I want to, what I want to say is, is about a couple of reasons why I have aligned now with Adrian and his program and why I want to see more women, especially in his program and learning to trade and what to look for. And essentially, if you don't go with him and you decided to go with someone else, what you really should know about the trading world, that you probably don't know if you're coming into it as a total newbie. And again, like I said, I was just fortunate enough to find Adrian because I knew him through. I actually knew him through my husband. So my husband is a management consultant. He works for a global company, gold 80 Connie.

He is not an entrepreneur. A couple of people have asked me that before. He's not an entrepreneur. He actually is one of those crazy people that love the jobs. So he's very fortunate. And he used to actually work with Adrian. Adrian also used to be a management consultant. So he's a smart guy. He left that management consultant game to literally trade full time. When I say trade full time, I don't mean become a day trader full time. Literally just, he just stopped when you become an end of day trader. And you're a systematic technical trader, which is the game I'm talking about that profitable game I'm talking about. You actually only spend 20 minutes to half an hour a day. So you're not leaving your day job for it. You're not leaving your entrepreneur business where you're not dropping your company. Yes. There is some, obviously a learning curve in the beginning to actually learn how to set it up.

But that's literally it afterwards when I first learnt after particularly my learning curve. And then I finally got it all set up. I did some paper trading before I actually started. And then I started trading in, I place my first trade and it was like, Oh, this is it. Now eventually I had to almost pull myself back from trying to do more because that was literally it. And it doesn't matter where you are. So we have traveled. And my husband and I have traveled a lot over the last 15 years together. Yes, we have been together almost 15 years crazy. So we've tried a lot and it doesn't matter where you are in the world. It's just data that you get electronically. So you can do it from any web. This is why I love it so much. So when I actually learnt, okay, going, going back to that story.

So Adrian learnt essentially how to trade. He lost a ton of money himself before he became a profitable trader. So he actually comes from the story that most people come with stories before they learned to trade. And I hope that that is not you. And I want to stop you from doing that. I really want that to not be your story. I want your story more to be like mine, where you, you just find the right knowledge. The first time you don't have to go through any of the pain. And hopefully you don't have to go through any of the, this, the pain that I also went through, which was I learned to trade essentially the hard way meaning I learned to, I wrote my own systems. I set up my phone systems. Rules-Based systematic algorithms, myself and I, I went through system after system, after system.

That just didn't work. I built it from the ground up. I don't encourage that. The reason being is it is a steep, freaking learning curve, a steep. And I did not know, I did not know how to code before I learned how to trade. So I had to learn a coding language. Cause you have to write an algorithm for the trading program to actually understand what, you know, what you want it to do essentially. And the reason I learned it that way first was because at the time, when, when I was introduced to Adrian, who going back to that story, my husband used to work with Adrian. Adrian used to actually be my husband's boss at an old management consulting firm says literally close to 12 years ago now. And I remember meeting him at that time, but I was kind of at that point, I was probably not, I didn't even know really know much about investing at that point. I think I started getting into investing about 12 years ago now. And then,

And

When I started loving investing and I wanted to kind of dive even more into, it was at the point where I paid, my husband said, well, you know, do you remember meeting Adrian? He actually left the consulting game and now I just literally trades. And he travels with his family and that's it. And you know, maybe I can reach out to him. He's a great guy. And like, you remember meeting him, maybe he maybe he'd like give you a few pointers or at least point you in the right direction. Right. So then what happened was reached out to him. So we were like super excited and then Asian was like, yeah, cool, great. Heaps of people have come to me about how to learn to trade and actually want to teach people. My whole thing now is that I love it so much. I want to teach people how to trade.

And so can, you know, hopefully you could be one of the first students essentially for me to develop this program. And I was like, great, okay. So we said, look, here's the people come to me and they asked me this question of how do you learn to trade? And it's the same with me. I get that question all the time. And I was like, yeah. And he goes, so I always tell people to go to go and read this book. Right. I'm like, okay. He goes, okay. So go, go and read this book. It's called trade your way to financial freedom by van thought. I said, okay. And I never read or never read a trading book before.

And I was okay.

Okay, great. You know, I'd read a bunch of investing books. And I went to lots of investing seminars and no play different things. Like I played a Sharemarket game, which unfortunately they call it a game, even though it's meant to be investing in, you know, Oh, don't get me started on that, but I'd never read a trading book kind of said, okay. So went away and I read it and you know, it took me kind of maybe a month or so to read the book. Like I was like taking it like a good pace. And it was kind of obviously wasn't, it was a new world. And so there was all this terminology and I was like, wow, okay.

It says, this is a step up.

It was very different. And I came back to him, you know, a few weeks later I go and I'm almost finished the book. I'm coming up to the end of it. Like now what? And he says to me, you guys, I can't tell you how many people I have told, go and read that book. You're the first one that has come back and Toby you Fred it come back for me to me with the next steps. And he goes, this is great. This is like, wow. But, and it's true. Like I've told a lot of people to go and read that book too. And it won't, it will definitely, I mean, if you want to be in the trading world then yeah. Go and read that book and go and read many other books. If you want the next book to read, I can tell you the next book to read.

And at the same time, there is no one trading book that will actually give you a trading system, a profitable long term trading system. It's just, it's, it is more in depth and involved than that. And you do need the proper knowledge and training that unfortunately you can't quite get in a book, but it's definitely a fantastic stop. Definitely, definitely, definitely a highly recommend. And so essentially from that point Adrian started to teach me how to develop technical, systematic algorithm to trade with. I learnt the hard way because I was essentially his Guinea pig. Now he has hundreds and hundreds and hundreds of students that has gone through his program and are profitable traders. And he has systems that have already been developed, tested, proven, including his own. In fact, my own systems are also in his program

That, that, that work

Freaking work and different systems for different markets, different systems for different market conditions, meaning some that are more shorter term. You know, you might've heard the terminology swing trading, you might've heard momentum trading. You might've heard trend following trend. Following tends to be a little bit longer. Literally everything. You can also have a trading system that works weekly instead of end of day. So you just, you do it one time a week to like half an hour a week. That's yet like, it's all done for you, which is what I freaking love now, which is why I now highly, highly, highly recommend him and why I'm aligning with him. And he now has a beginner program that didn't exist previously either. So this has kind of happened in last, let's say three months, three months or so. And I had about close to actually 20 members from investing bootcamp and the community go through the beginner program that he had.

And I went through it as well to kind of like, you know, just check out really like essentially is, is this still too advanced? Really? I wanted to make sure that, you know, anyone going through it still had what they needed and regardless of where you're starting from, as long as you have at least an investing based knowledge and it's a great program, it is a fantastic program. Then there's the next evolution for you to extend into. And you can literally get systems given to you that are proven that work that are already written. And so that's why I recommend it. That's why I actually recommend doing it this way. Not the way I did it the hard way, which was doing it all myself. And you know, obviously Adrian kind of learned that it's so much harder that way, and which is why he has his program.

It's all developed because I was the Guinea pig and I essentially proved the path that this is a lot harder. How can you make it easier? So you're welcome. And I want more women doing this cause it really is truly, it's just, it's, it's an amazing experience when when you get to that next level of having total control and freedom or if literally creating more financial freedom for yourself. So the other reasons of why I recommend him, and this is take note of these, if you end up wanting to trade and you don't want to go with him for whatever reason, take note of these, if, cause I want you to take this to other people, cause you need to know, you need to know this. Most other trading programs out there are extremely, I'm gonna, I'm gonna be careful in the way I word this.

No, fuck it. Who cares about being careful many kind of just the jokes. They are not transparent and they don't give you all of the information and then not clear, but they act like they have the golden formula, this secret that you're going to get rich tomorrow, that they have the only thing that works and everything else doesn't. And they're really most. A lot of them are, unfortunately they're liars and they make a shit ton of money off teaching you how to trade when most of the time they actually not profitable, but they'll tell you that wins. So let tell you all that. Maybe they'll show you screenshots of how they've done, what their wins are is. I think everyone has wins as a trader. You also have losses. It's just that if most of your wins are giant wins and you have a bunch of small losses than a thing you're going to be profitable, but anyone can show you profitable trades, but not the other side of it.

Right? The other way, reason is a lot of them. They're prof. They make a lot of money based on the fees that you pay and their commissions, that date that they take when they're tied to a Broca or a program or a data feed. So essentially they get kickbacks, they get commissions based on the trades that you make and the system that you buy. And so when you learn their system or whatever you know, when you join their program, then they'll tell you that you can only do it their way on their broker using their system. Right? The challenge with that is they're making money off the spreads. So there's a spread. A spread is essentially the difference between what a buyer is willing to pay for a position, a trade versus someone that is selling. And there's a spread in that.

And they often take a cut. Sometimes I even take a commission on the brokerage or the spread that you charged, meaning that you can often be charged more because of this. And they essentially take that profit. A lot of the other providers encourage high leverage, meaning borrowing. So you borrow against your cash. Leverage is very much the same. Like you can borrow to buy a property. It's no freaking different. You just, you, you borrow to invest except with trading. If you don't know what you're doing and you don't have a profitable system, that's proven and tested and you put leverage against it, meaning you borrow against it, then you can lose more money than you put in. Just like I know plenty of people that have poured a shit ton of money into housing and have lost tens of thousands. If not hundreds of thousands of dollars, the number of stories that have people that have come to me, trust me.

Holy crap. So it happens in housing too. It's no, it's no different. So people think that trading is more risky is it's it's not true. It happens in both areas. Okay. So unfortunately, a lot of training providers or course people that teach you how to trade. I'm not clear about that. And the reason they encourage that leverage is because they get a lot of commission based on how much leverage you take on. Obviously that's a really shitty way to operate, right? So I can't, I can't stand that. The other, the other major thing to look out for, with any other trading training provider is that a lot of them teach one system, meaning this is the one system. This is the one way that works. I know of one trading trainer. Can't remember that the name, in fact, I'm not going to call them out because honestly there's so many, but there's one training provided.

It's not that, that immoral at all. It's just that they only teach one single system, not a bunch of other systems. The downside of that and the danger with that is that that it may not suit you. What if you're someone that just genuinely wants to help shorter trades, meaning you want to be in and out of the market within a couple of hours? What if you're someone that wants to hold longer trades, meaning you want it to be a longer term, long trend system? What if you're someone that wants to have mostly wins, meaning mostly profitable trades most of the time, but there'd be smaller wins, right? Meaning you could have a, you know, a hundred trades that are profitable, that win. But maybe you make whatever a thousand dollars per profitable trade. And then you don't have many losers quote, unquote losers.

And you know, so let's just say 80% of the time you win. And 20% of the time you lose and the loses are pretty small. Other trade is like, I'm fine to literally lose 50% of the time, or I'm fine to lose 70% of the time because I know that the 30% of the time the winners are so huge that the losers a tiny and it outweighs it by tech, tenfold, his like, and this is the differences that you start to get when you become a trader, some people just have different tolerances and there's no right or wrong answer. Literally. It's the way that suits you. And that is why you need to have multiple systems available to you. That suit you. So I know that there's one trading trainer provider that charges $12,000 to teach you that one system that's insanity. If you don't like that one system, $12,000 and you walk away with one that's in saying again, I'm not saying that immoral.

I just don't particularly agree with it because one system doesn't work for everyone. You need to have won. The literally the golden egg in trading is that you have a system that suits you. And it's the same with investing. Not everyone has the same investment portfolio in the same asset allocation in the same risk tolerance. It has to be the way that suits you. That's why we have invested in bootcamp. That's why we literally go through it because I can't tell you how to invest with that. Literally teaching you how to invest for you in the way that suits you. That's gonna suit you long term, because if I, if you take an investing portfolio or a trading system and it doesn't suit your personality, how long are you actually going to stick at it? You're going to lose confidence in it. You're going to start getting worried.

It's not going to feel aligned. And let's be honest, the energy behind how you invest and or trade is really important if you're not confident in it. And it doesn't feel aligned to, it's not going to work long term. And you know, I've, I've spoken about money energetics before. Of course it's not going to be profitable. You've got to back it, right. You've got to believe in it. Cause if you're constantly up against it, then the energy behind it, it's just not going to work. And then of course, you're not going to want to put more money into it. Right. So that's why I encourage you're okay. Learn from someone that actually has multiple systems to use. The other one is don't go to a training provider that uses a black box method by that. I mean, many people go, Oh, we have, you know, we have a few systems that you can choose from, but they won't tell you the rules.

So they'll say this system works and it works in, you know, this market. And this is kind of what it does, but they won't actually tell you how it works or that's red flags right there, because it means that you don't actually get access to the behind the scenes, the hiding it from you, you want full and total transparency. If you will learning to get access to knowledge, you actually want access to knowledge, not for them to hide shit from you. Like that's a, that's a giant red flag giant. No. Okay. The other one is to make sure that people are not, I kind of mentioned this before and not tied to specific brokers or specific platforms or specific trading programs. You do need some software and it's not that expensive to use if you want to be a profitable trader and you obviously do need a broker, but neither of those things should be determined by the trading training provider.

It should be up to you and really they should be encouraging you to choose the one that suits you the best. Oh, that was a lot for coming out to an hour on this app. Didn't I say we could talk about this for literally days and I've only gone through pretty much the top line, top line, top line top. So what I'm going to do is I'm going to put the link to the program that I recommend of Adrian's in the podcast, stray notes. I mean also gonna shoot out an email and I'll, I'll put it on the socials as well to make sure that if you can't get to the show notes to them, you can find access to check it out. So full transparency. I am now as of a couple of weeks ago, a week ago, an affiliate for this program, meaning I do get a commission.

It also does mean that I have a vested interest in, I want to see you succeed. So when you join, if, if, and when you join his program, you will see also me inside the private community of trade is in there as well. So make sure that you tag me and say hello and say that you've joined so that I can support you as well and help answer questions in that group. And what's your journey? Because we've had, you know, 20 or so over 20 or so women from investing bootcamp and the community, like I said join Adrian's program. I kind of joke in there about how all the women are going to take over the world. And it's really going to infiltrate because previously to that, it's been pretty male dominant. And I was one of very few women. I keep joking to Adrian and he freaking loves it by the way, he absolutely loves it more and more women at the joining and getting involved in it.

So I'll put the Lincoln and go and check it out. I highly, highly encourage it. And I highly encourage you to invest in yourself the right way and invest in actual knowledge. I'm going to be honest, you cannot do it alone. You just can't. You can definitely try. It's just not worth it. It's not worth the time and money that you would genuinely lose, unfortunately. So it's worth the way I look at it. And it's the same with investing boot camp is you are going to build a million if not multimillion dollar portfolio. And I don't say that lightly. I, that's not an gross exaggeration. You know, I don't talk about, get rich quick schemes or overnight, you know, million dollars. That's not what I'm about. And so when I say things like that, I mean, it I'm genuinely serious. And so when you spend a thousand dollars or a couple thousand dollars on investing bootcamp, or a couple of thousand dollars on Adrian's program, in fact, I think his program is depending on which one is between like 500 and a thousand or up to 2000, depending on which support package you do, you decide on did that amount compared to what you actually make.

We're talking about a million, at least a million plus portfolio is literally a drop in the freaking ocean. And if you're not prepared to spend that amount and yet one of build a million dollar portfolio something's missing, you know, so that's the way I look at it. And it's always worth spending that to get the right knowledge, right, to get the right support the right community. And from, from people that have actually done it and built it and proven it themselves, who, what a big episode, I hope you've loved it or have even joined up. And I can't wait to see more of you inside that program as well. I'm going to be talking more about trading as one of the overarching content pillars, brand pillars brand focus for miss wealthy, because it really is part of building financial freedom. If you're into this stuff and if you're not, then, you know, skip all of this altogether and tune into everything else that we stand for. And then we talk about them. So they'd, you're here. Thank you for tuning in and being here with me. I love you. And I'll see you next week.

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