The Reality Of Trading For A Living (Weeks Results)

Summary

The video script documents a week of trading experiences and personal life moments. The narrator discusses a slow trading week with break-even trades and no significant gains, while maintaining a positive outlook. Amidst trading, the script captures leisure activities like visiting a spa in Miami and emphasizes the importance of balancing work with tranquility and luxury. The narrator also shares insights on trading strategies, risk management, and the grind of content creation, concluding with a return to routine and a call to join his trading community.

Takeaways

• 😀 The speaker had a slow week in trading, with three break-even days and two days without trades, but managed to break even overall.
• 🏖 The speaker is in Miami, enjoying the spa and the view from the balcony, indicating a balance between work and leisure.
• 📈 The speaker is teaching a program on content creation and monetization, emphasizing the importance of having a skill set to leverage.
• 💡 The speaker discusses the importance of setting stop loss in trading to manage risk, using the NASDAQ as an example.
• 📊 The speaker mentions a specific trading strategy involving watching for a trending day and aiming for the previous day's high.
• 🚗 The speaker spent a significant amount of time driving and editing videos, showing dedication to both trading and content creation.
• 💻 The speaker is working on a project and recording clips, highlighting the continuous effort put into personal development.
• 🗨 The speaker is committed to responding to YouTube comments, showing engagement with the audience.
• 🏠 Upon returning to Tampa, the speaker focuses on cleaning and organizing, emphasizing the importance of maintaining daily routines.
• 🍽 The speaker mentions the need for daily essentials and the mundane tasks that come with life, even while being successful online.
• 🔄 The speaker is transitioning back to a regular routine, including going to the gym and engaging with the VIP trading team.

Q & A

What was the speaker's overall performance in trading for the week described in the script?

The speaker had a slow week with three break-even days, two no trade days, and one winning trade. They ended the week with no profit or loss.

What is the speaker's strategy for managing risk in trading?

The speaker emphasizes the importance of setting a stop loss to determine the amount of risk taken in a trade. They also suggest sticking to one type of trade to simplify risk management.

What is the significance of the number 1400 mentioned in the script?

The number 1400 refers to a monetary goal in the speaker's trading, indicating a profit of $1400 from a successful trade.

What does the speaker mean by 'Tranquility, positivity, luxury'?

This phrase reflects the speaker's philosophy of life, suggesting a state of calm, optimistic, and affluent living, which is also their approach to trading.

What is the speaker's view on content creation and leveraging personal skills?

The speaker believes in the importance of structuring content in a specific way to monetize personal skills, experiences, and overcoming challenges.

What is the speaker's approach to dealing with a choppy trading market?

The speaker prefers to hold onto one trade rather than entering multiple trades in a choppy market to avoid the frustration of getting stopped at break-even and missing out on subsequent market movements.

What is the speaker's skill set that they leverage in their content creation?

The speaker's skill set is trading, which they use to teach others how to create content around trading concepts, systems, and strategies.

What does the speaker mean by 'the grind don't stop'?

This phrase implies that the speaker's work ethic and dedication to their craft continue relentlessly, regardless of circumstances.

What is the speaker's method for determining the risk amount in a trade?

The speaker calculates the risk amount based on the stop loss placement and the contract size, using the example of risking $200 on a 50-point stop loss in the NQ market.

What is the speaker's routine after returning from a trip?

After returning from a trip, the speaker focuses on cleaning up the house, organizing daily essentials, and getting back into their regular routine, including going to the gym and engaging in their online activities.

How does the speaker engage with their audience on YouTube?

The speaker is committed to replying to all comments on their YouTube channel, even if it takes several days to get through the backlog.