Market Prep – Day Before Elections – Live

[00:00:00.07] - Speaker 1
Foreign.

[00:00:09.16] - Speaker 2
Good afternoon everyone. Welcome to our first live trading session and live trading stream. Welcome Patrick.

[00:00:19.28] - Speaker 1
Welcome everyone.

[00:00:23.25] - Speaker 2
As always, you should have the ability to chat with us with a comment right here. So please let us know if you can hear us, let us know if you can see us and then we can wait a couple of minutes and then we start. Before we start, as always, just a few seconds, we're gonna run our disclaimers. Please just go through it and read it and then we start in a few minutes. All right, that's perfect. Thank you Michelle. So you can hear us. That's perfect. So today what we're going to go through today is really the, the beginning of the event. So the live training will happen tomorrow. But this is kind of like how we are going to work through the event together guys. So we want to act as a team. The event will last for about four days, 10 plus hours of live trading. We will have a real time insights trade recap, Q A. And basically we start from today, just do a market preparation where Patrick is going to go through. His approach is going to show us kind of like how the screen will look like. It's going to give us some hints on what to expect.

[00:02:01.00] - Speaker 2
And also we want you to take active part of it. So we want to make sure that you are taking full advantage of this. So we want to understand, you know, what is the goal for you guys during the session and how, you know, we can, we can help you there. So make it as interactive as possible. Tomorrow we're going to start with a trading preparation at 1212 where we're gonna go through some levels, look at some chart and then we're gonna connect 10pm tomorrow evening where we're gonna do probably three plus hours of live trading. So that's gonna be when kind of like the initial results will come in. So we're going to monitor that. There's going to be a lot of volatility in the market. We're not going to have the results until probably like maybe the end of the week or maybe the next few days. But then we're gonna start again tomorrow at 8:30am or sorry on November 6th at 8:30am where we're gonna go again looking at some levels. And then we're gonna start the next trading session at 9:00am and then obviously on November 7th we're gonna do our trade recap.

[00:03:03.17] - Speaker 2
And then on November 7th we're also gonna have FOMC. So Patrick will also be live trading for that event. So that's going to be very Very interesting moments, two really big catalysts. Really excited, so hope you guys will enjoy it and you'll take full advantage of it. So today, before I pass it on to you, Patrick, we want to kind of like go over basically like what it means for the market. And obviously we're not going to look at it in a political way. We're going to look at it purely in a financial approach. So what are kind of like the sectors that you want to monitor if Harris wins or if Trump wins? What are the trends that we could see if one of the candidates wins versus the other one? And what are the outcome of the market? If we look back at the past, in both the Trump administration and the Biden administration, we really saw a big power from the stock markets. Both candidates really had an outstanding performance. Both Trump and Biden, where the S and P delivered an average annual return of about 14% during the Trump administration and 16% during the Biden administration.

[00:04:19.19] - Speaker 2
We saw a big increase in small cap stocks, especially the Russell 2000, which had outstanding performance. And if we look at the sectors, obviously the sector that shined during those years was probably the technology sector, where we saw really stocks like Apple, Google and Meta going through the 1 trillion market cap valuation with a really strong growth over the past few years. If we look at the energy sector, we saw actually a disparity in sector performance. So during the Biden administration, there was an increase in energy stocks returns compared to Trump. And this trend is really mainly derived from obviously the shift in global energy demand and policies. If we look at the healthcare, obviously we need to really pay attention here because in the common Harris campaign, the focus is really reducing the healthcare cost and that obviously could have an impact on pharmaceutical and healthcare service companies. So obviously we want to monitor that as well as a potential outcome. And this could create interesting opportunities as the sentiment continues through that sector. Real estate is another big one. So obviously we are all monitoring what the Federal Reserve is going to do and we're going to talk about the FOMC meeting this week.

[00:05:49.26] - Speaker 2
But really looking at interest rate could have also an impact on the real estate sector. So monitoring, like the REIT sector, what could be the benefit if the rates were to be reduced? Okay, then if we look at each of the policies. So if we look at the Kamala Harris policy, obviously the healthcare reform is a big part of it. So obviously the plan is to lower the premium for drug prices. And obviously the pharmaceutical sector could obviously have an impact if that happens. On the other side, also antitrust and regulation are a big part of the campaign. So a lot of scrutiny might continue. So obviously what could affect companies that are under M and A activities or corporate finance. That's also an important topic to understand. On the other side, if we look at what the outcome could be under the Trump administration, obviously the main part would be tariffs and trade. That would have an impact, especially on supply chain, on stocks that are coming from European or China. So obviously the duties that could impact Chinese goods could have an impact on manufacturing, trade companies and all of that stuff. On the other side, the energy independence.

[00:07:08.20] - Speaker 2
So one of the, obviously the focus of the Trump administration would be to increase US Energy output and that could also benefit potentially energy companies. And then obviously another big part is really the defense spending. So there is plans to enhance military strength that could possibly impact, you know, the defense contractor and all of that companies. Then one important part that we want to also monitor is the taxes. So here what you see, this is coming from banks research. This is what obviously the different plans are. So obviously under the Harris administration, the corporate tax rate is proposed to raise from 21% to 28%. And obviously that would increase the income coming from tax. But also that could have an impact on corporate earnings. And obviously that it's a very important measure that we want to consider. On the other hand, with the Trump administration, the tax rate for corporation will be likely either be left the same or potentially reduced. And obviously that could increase the growth of companies and obviously, obviously bring all the effect that that has on the economy. All right, what else? Let me see. So if we go back to this slide.

[00:08:41.01] - Speaker 2
So if the Trump administration wins the market or the economist forecast a risk, risk on scenarios from here to the end of the year with an increase in bond yields and potentially an increase in the dollar. And some of the sector that could benefit are the traditional financials, industrials, energy, you know, consumer discretionary, and obviously the crypto sector as well. And on the other hand, with Harris administration, we will most likely be in a risk off scenario from here to the end of the year. We will probably see a decrease in bond yields and a decrease in the dollars. And some of the sector that could benefit are the technology, the utilities, real estate, dividend yield stocks, the dividend aristocratic stocks, and the consumer staples as well. All right, please let us know if you have questions. And I think next, Patrick, I'm gonna pass it on to you.

[00:09:42.08] - Speaker 1
Yeah, first things first. Welcome everyone. Let us know if you have some questions from Fabio's part. I think it's really important to Understand So on the point, if you be more and more ETF trader, if you'd be more an options trader. So I think this could be really important to understand which one is more favorite if Havas will win, which one is more favorite when Trump wins. And also the risk. So I'm at the moment in. In some holidays on different country. And, and I know. So today we were speaking Fabio and. And I was, I was talking to Fabio. So the people going crazy. So they're changing now some. Some US Dollars. So. So his country money in west dollars because they thinking that the west dollar will be increase. And what is this meaning? So maybe they think the Trump will win, but they will be on the wrong side if Harris will win and the dollar decrease. So this is also for us Forex traders, really interesting. So, and bonds. So everyone is speaking about the bonds. How important are the bonds if the bond are increasing, what has happened with the market?

[00:11:03.05] - Speaker 1
So it's. It's a really, really risky factor also in this case. And we have if we be in the next few days, life in the market and, and we're speaking about the bonds and we see some increase. So this is a warning sign for the stock market. Most of the time we have to be really seriously with this. So only to understand this now it's the best time. So it should be more like for you as a group mentorship. So ask any questions where you have. So there's no stupid question because we are now here in a group mentorship. So ask any question for to Fabio that you understand this, the concept from. From Harris and the concept from Donald Trump based on your trading so that you'll be on the right side. We want that everyone will take out something here from our time, what we spent with you this week. Maybe you take some profits. Perfect. Congratulations. This is powerful if you're doing this, but if you, if you come here and say, man, I was learning so, so much things this week, this is also powerful, but much more powerful is the combination from learning in your trading journey and also making some profits.

[00:12:21.27] - Speaker 1
This would be the best case. So for this, for this reason, ask any questions now to Fabio, what you have?

[00:12:31.08] - Speaker 2
Yeah, I think we have. What do you think happens if we don't get a clear winner this week? So I think it's gonna take a few days to have the winner. Like, obviously, I think it's going to be a very tight race. So we're gonna see tomorrow night we're gonna go live and we're gonna monitor obviously the preliminary results. So those are some of the states that have already, you know, counted the votes are gonna come out. And like an example, I, I live in Florida and normally Florida has the results already available, but there are other states that will come later. But I think it's important to monitor as like especially the swing state come in what could be the impact. So that's going to be a very big effect on the market. So what we want to monitor is as the news comes in, look at the price movement, look at the swing and see if Patrick obviously can find, you know, like opportunities in the market. And we're going to show you how that that is done. We're going to share the screen. We're going to show you in full transparency what's going to happen throughout the day.

[00:13:44.19] - Speaker 1
Yes, and I like your question, Sherry. So if we're not getting a clear winner, so what is this meaning for the market? So this meaning we have much more volatility. So the market is more sensitive for any, any news what coming out in combination with the election. So it could be happen anytime after this. So and then boom, it's it's be really, really cool and really nice to follow some news sources where you can trust. So I'm personally using Reuters, other one using Financial Juice. It's for free. Otherwise we're having much more money than using Bloomberg. Someone is listening to cnbc. So everyone half his favorite news source. And in this next days. So the new sources is one of the best thing this could. This is the money printer. So the new sources is our money printer. And then we came also to the next point. What is really important for me and for Fabio and I think also for for you ladies and gentlemen. So we want working here together with you as a team. As I said before, let's take this seriously and let's say this is now a group mentorship. We want to help you.

[00:15:08.03] - Speaker 1
We won't help you that you grow but if you be live in the market. So we won't work as a team. So I'm personally a 100 focus on the NQ. But this doesn't mean that we must looking all the time to the nq. If you be in forex trader or if you be in bitcoin trader or if you be in gold trader, crude ill trader. If you see something where there's some price action, let's shut this out. Let's talk about this and then Fabio will place this on his trading view. We were speaking about this. We were speaking about what Fabio seeing what I'm seeing we're speaking with you in the comments what you're seeing and we can discuss this as a team together the same as we know on the prop desk or if it be on the trading desk or if you be working for a private office so with other traders we're speaking about our trading ideas together it's not that we trading alone this session so again we are team and the next case I say to you we won't make this as a group mentorship is also we want you become accountability okay sorry Sheree this may be a dumb question but why are we having live trading session at 10pm east tomorrow?

[00:16:34.15] - Speaker 2
That's not actually a dumb question Sherry. So the idea behind it is so if we look at the past election four years ago a lot of the preliminary results were coming in in the evening so we want to be there to understand how the volatility increases. So there's going to be a lot of news and headlines coming out and we want to be there to monitor this event. I think for you Patrick this is one of you know the event of the year where you're going to see probably like a very big increase in volatility and that's why we also use futures because we can trade 245 basically.

[00:17:13.20] - Speaker 1
Yeah it will be it becomes much more interesting Sherry and and I can tell you why so if you're now looking into into the news there's not only the election happened so first things first fomc so we have FOMC now one day after so one day later as usual normally we have Wednesday and we have Thursday and FOMC is before cpi, not after CPI that's number one and second I think it's also really important China China have now and meeting together where they're speaking about how they can stimulate the market in China with much more money they won't bring the money print out but they weren't waiting for the election before they taking any money printer on because they want to know what risk they have so they're speaking about risk management before they bringing money in the market. So it's really really interesting. So we have on the other hand China was ready to bring big money into the market big stimulators and we have on the other hand America with the election and also we have some some news we have other other economic data behind so this will be really crazy week by the way.

[00:18:46.02] - Speaker 1
So if if China will push the market automatically US market is also pushed and and this is I love this so at the time 10pm Eastern is a pain in the ass for me. It's not my favorite time trading to be really honest. This is my sleeping time but I'll be there. Yes, volatility will be high cashmore and, and volatility is our currency and we must be aware of this. And, and then we came later to the rules for the next few days. But let us speaking about first about the group mentorship and about the accountability. So I will set also my goals for the sessions and, and I will share this with you in the next trading sessions before we start trading I will speak about my goals so I won't become also accountability for you my friends, but I want for you that you become also accountability. What you want learn this week, number one, what you expect from this week. Secondly, how you won't be improved as a trader this week and what are you ready to deliver as a trader this week so that we can, we can going again at the end of the week together truth your emails and speaking about your goals and, and maybe you can tell us if you reach a goal.

[00:20:18.29] - Speaker 1
So if you say at the end of the, of the event. So in the end of the week and this was so nice. I was learning so much. I was, I was following my goals. I was, this was more than I expected or something like this. It's, it's really powerful. So first become accountability to yourself what you want expect from you this week and what you want aspect from us because we want also be accountability to yourselves. So send us an [email protected] after this call and, and write down your accountability where you won't become accountability and where you want me and Fabio hold, hold accountability what you want learn and expect from us. So it would be really cool. So working as a team.

[00:21:06.18] - Speaker 2
And Patrick, the important part for this week is not really like showing you and giving you a signal on when to get in, when to get out during the week. The goal really of this session is really to show you how Patrick, which is obviously a professional trader with 20 plus years experience, would approach an event like this week so that you can then replicate this into your own trading. Because just copying the profit of Patrick will be a short term gain for you. But we want to make sure that you're actually taking notes and you actually learn from what Patrick is doing so that you can replicate this in the next event or in the next session and be able to then have an advantage or a skill that you learn from this session. So that for us is our main goal. So we're going to try and provide as much value as possible. But again please send us emails, send us a comment, no questions a stupid question. So please make sure we cover everything that you want to learn this week. And we have 10 plus hours together. So this is very exciting.

[00:22:14.23] - Speaker 1
Yeah. And the next thing is about let's talking about some some rules. I have an I will show you later my account size. I I have. I'm trading most of the time with investors money or my account. So if you're speaking about my account my account is at the moment about 2.3 million. So this means I can buy a huge amount of futures contracts. And if you want try to copy me this will be most of the time a pain in the ass for you and here's why. And now it's really important that you listen to this. Never copy me. So if you see that I'm going into in a trade never copy me trade trade your trade idea trade your A plus setup. You have the comment function. You can write some questions. If you see something write us a message. We can see this, we can speak about this. So why is this a pain in the ass? If you want try to copy me. So if I be worst case if I be down 5,000, 10,000 because I'm taking two or three or five contracts or much higher. So for me this means nothing within 2.3 million account.

[00:23:31.07] - Speaker 1
So it's zero point. I don't know something from my account, it's. It's nothing but you with a 50k account or maybe 100k account or maybe with a challenge from top step or some other ones so you can easily blow up your account so that you know what buying power I have. And my typical account size is my position size is 20. I go again with 20, I go again with 20. So maybe 60, 80 contracts if I'm if I be trading really safe I'm taking five contracts. It's no big deal for me but for you would be maybe a big deal for you. So this is why never copy me and bit out of my league. Yeah this is why we speaking about this. Don't copy me. So we are here as a team. So as I said I won't be that you trade personally your favorite setup, your A plus setup. If I be going in the trade I will shut this out. Bobby will sharing my screen and then we can watch my trade how I will handle this and everything and I will explain everything why I was going into the trade, what I was seeing, what was trigger me and all this stuff and why I'm good, why I'm getting out or why I'm not holding or why I'm taking the losses.

[00:24:55.04] - Speaker 1
I will, I will be transparent as possible. But at the end, what I want is that you using this week and the in the live trading session to become maybe patience like me. It must not be that I'm taking every, every candle, every movement. I'm looking for a good trade, one good trade and then again one good trade. So I'm not an stupid idiot who taking taking every five minutes some trade and trade, trade, trade, trade. No, this will be not happen. I'm waiting also for my setup that also be showing up. And if we're getting this boom, I will be there. And I'm speaking about this. But for you, I want that you trading your A plus setup, your best setup. Go into your trading journal, look in your trading journal and find the trades where you must be in the last few weeks, few months, as as good as possible. And then try to copy this in the market with a good risk management and microvine. I do want to understand your technique and how you manage the trade. Exactly. That's what I was doing. If I be in the trade, I was talking about this.

[00:26:11.27] - Speaker 1
I was talking exactly about this. But what I won't say is don't try to copy me. So if I if you think like I'm going long, maybe don't go long. So maybe, maybe think about okay, why is he long? So what? Well, I won't be go short. So let's see how how this trade will be going out from him so that you maybe understand the tough process from, from my end. So how I'm sinking the market so that you can take an advantage of this or see if you be won't go long and I be go long. Maybe this is your second confirmation. I won't go long. Oh, Patrick is also no long. Okay, I'm going along. But if you wait and I say okay, long, I'm going long. Don't go long because only I shut this out. All right. I want to get the most of this week to learn how to find best setups. This is, this is perfect. So Michael sent us and make when when you want to take out the most of this week. Hold yourself accountability. First, write down what you want expect from me and Fabio. And second, what you want expect from you this week.

[00:27:23.28] - Speaker 1
Send this to infoentok.com and become accountability. And if you become accountability, I will promise you you will taking the most out of the session at the end of the week.

[00:27:37.28] - Speaker 2
Yeah.

[00:27:40.15] - Speaker 1
And that's that. That's once one thing and we have 30 minutes. So I was thinking about if you have any questions about risk management, if you have any questions about mindset, if you have any questions about levels. We can talk about this tomorrow. But today let's talk about risk management and mindset. And now it's your part because we are team let us know your question when it comes to risk management and when it comes to mindset and let us your question now so that we can answer your question. We won't make this as much as possible interactive.

[00:28:27.19] - Speaker 2
Yeah and thank you Sherry for sending the email. So we'll go through that as well. Okay. So we have a question from Rajesh.

[00:28:49.03] - Speaker 1
Are you planning to conduct live trading sessions a few days each month to keep the community engaged in accountability Accountability helping us go off trades. Okay for me I will take the question. So at the moment this will be the last live trading session for this year. So for next year 100 there will become something but why is so become accountability. You can become anytime accountability. So the community can become anytime accountability. If you want and this is help helpful for you. I can speak with Fabio after the call. We can maybe make some email address especially for for accountability where you can put out or your account accountability for for the week. And and you put you put this out at the end of the week also you you answer the question if it was accountability or not. So this is the we can easily make this happen but the live training session. So this will be the only one of itself with mentor Q and for the accountability. So the first thing what is really powerful have an accountability partner. Maybe we have now many people here in the in the live session.

[00:30:08.01] - Speaker 1
So maybe you can find here and really nice accountability partner who wants also become accountability. And then you hold yourself every week accountability. How could be this working? So you meet for example every Monday and every Monday you speak about your trading goals for next week. That other one writing this down and then the week after you're speaking about okay you won't be accountability for not taking more trades than five trades each day. I want not dollar dollar averaging in and then the the your accountability partner hold your accountability and ask you hey how was last week you was dollar costing average in and then you have to report them. You say oh yes I'm becoming old habits. And then you help each other together to become a better trader. So accountability partner or sent us emails. So we are here to help you. All right.

[00:31:09.29] - Speaker 2
Yeah.

[00:31:12.02] - Speaker 1
Whis is the next one.

[00:31:13.27] - Speaker 2
Yeah, so thank you for your question. So yes, so we said obviously those were the sector. Again we took a lot of these analysis from economists and researchers. I think one thing that you also want to consider when we talk about technology sector, that obviously it's a very big important constituents of the NASDAQ or the SPX is really how the economy will perform. So as we, if we go back to our slide, obviously if Harris Wind has implication in terms of taxes, so again those technology company could be impacted by that. And then obviously there are implications in terms of potential risk, the slowness of the economy. So if the economy slows then how does the technology sector react? So those are all considerations, those are just scenarios. Right. Obviously if we look at the Biden administration, the S and P really outperform versus the Trump administration the previous four years. Years. So really those are just like forecasts that are coming from economists and researchers that are kind of like building scenarios of what could be the outcome. And then obviously it's, it's a different story for what happens next. But there's, yeah, there's a lot of variables that we, you want to consider in that case.

[00:32:41.00] - Speaker 2
Then there's one for you, Patrick. I'll put it here.

[00:32:45.06] - Speaker 1
Oh, hello Andrew, Nice to see you my friend. Doing the big political events, is that a time where you perhaps size up or down your position? Oh yes. I was, I was really thinking about this the full weekend, what should I do? And I think personally it's a really good opportunity to take the risk down because with small position size on events like this it is possible to make a bigger outcome. As usual if you trade small size and you get small wins. But now you have the opportunity to can trade small size and can have at the end of the week big profits. So because of the crazy volatility, because of the crazy moves. So I think my personal strategy will be more like taking risk off taking small sizes and then let it run. So I will not going all in in any case. So for me it's more like using the opportunity for small size to making at the end bigger wins. It's the same. So if I'm, if I'm day trading the earnings like Nvidia with Tesla and I want to trade only the first two candles, the crazy candles who have the power to making 20 move or something like this.

[00:34:11.05] - Speaker 1
So I'm trading only small position size because I know if I be wrong, okay, what I can lose, it's not big, but what I can win if I be right and I let it run. This can be really good. This could be mean. It's. It's a normal, normal trade for me but with less risk. And this is something what I will be using for my side. So as I said, we are not doing financial advice here. We are not a signal group or something like this. Everyone must find his opportunity for itself. There's opportunity if you're going big and to taking really big money out but there's also the risk if you're going big, taking big loss. So and my, my personal view is taking small size and prove the small size making big wins because of the event. And if I be wrong, okay, I'd be wrong. But I'm not losing so much money. It's fine. It's okay.

[00:35:11.23] - Speaker 2
Yeah. Okay. So there's a couple of other questions. Do you know where the election public. Are you referring about the surveys for the elections? Because the surveys, you know obviously people look at it but again what you want to look for is the actual official result. That's, that's the one that is going to bring in the volatility. So looking at the pause I think is not going to help us. And then tomorrow night we're going to start watching at the results as they come in. So that's going to be the mover of volatility, I guess.

[00:35:48.28] - Speaker 1
Yeah. And I think to answer your question Cashmore from my perspective what I really like is more to look to this what the big hedge fund managers referring or JPM referring what pools are really important for them because think about at the end we won't follow the money if the money comes in the in the game so then we can make money. So for me it's really important how JPM is thinking, how BlackRock is thinking, how the big hedge fund managers what pool for them is really important. They speak most of the time only about one or two pools but for them is a trigger. And this is something what I will be looking into it. So the other ones I don't giving so much attention but I follow only the attention what also the big, big guys. I'm looking into it.

[00:36:47.10] - Speaker 2
Yeah. And I think, I mean I give you, I give you an example Patrick. Like I a lot of my friends work for manufacturing companies and as the odds have been coming out over the past few weeks their management have really started to look into purchasing goods from outside of the US in advance because they are scared of a potential outcome. So obviously a lot of companies are reacting in the last couple of weeks of what could be the potential outcome if Trump's win or if Ferris wins. So they're already like trying to kind of hedge of the potential outcome. So obviously as the results come in, that's then going to be a very big offset in kind of volatility. And then if we go back to kind of like the sector that we saw here, think about supply chain and think about companies and countries that could be affected. So as the result come in also a lot of the big players like the J.P. morgan of the world are gonna then start placing bets based on the potential outcome and the correlation of supply chain or countries that could be affected by any of these kind of like parties going up in power for the next four years.

[00:38:01.24] - Speaker 1
And there was something what I was learning from some really, really big hedge fund manager when I was speaking to them and, and he was really wondering why I'm day trading. And he said, man, day trading is, he said to me, Patrick, day trading is a lottery. So normally you should hold your position for two to five days. Then this will, I will be accept this. But day trading, man, this is a lottery. And then he was explaining me why he was thinking this is a lottery. I, I was saying no, you're talking, it's, it's not a lottery. So but he was explained this to me based on his views and then if I was understanding what he was talking about, then I was understanding more about the market. So he was saying in short term, a long story short, he was saying you make only money when the big guys coming in the market and you get the wave or when, when both guys fighting each other so they have his position and they're fighting each other. The one, one that the market came down and the other ones that came up and then you'll be in the middle of them and, and you taking advantage of, of the fight from, from two big guys or if someone placing a big order, you take only advantage of the one who taking the big order.

[00:39:24.29] - Speaker 1
So and this is something where we have to be also to know when we get the event like election there are both ways. So we have many people who hatching because someone is more betting on Harris, someone is more betting on Trump. This would be crazy fights also. This is why we're getting the volatility and if it comes final that someone is winning then we're getting a lot of hatching activity. So this is, this is why we can make money. This is the only reason why we can make money. And this is so important to understand.

[00:40:02.02] - Speaker 2
I'll put a question from Michelle, Patrick from You for you as well.

[00:40:08.09] - Speaker 1
In the mindset training course you mentioned retail traders take small wins and wipe the gains with big losses. Yes, correct. I want to gain the confidence doing mentorship and holding a winning trade longer and getting to gags blind target when the market is more volatility. Okay, this is a really cool, cool question. Michael. I love this and I was. I have sometimes the same issue. So people who know me Willy no for long long time time. My strange is making with big position size, big risk, big money. But I'm most of the time not holding a big big point run. So you will see me maybe 20 points, 30 points and then I'm out. Because I was making my profit already and I was speaking also with my mentor and I say man, sometimes I'm letting really much profit on the table and and how I can be grow with this. And he said really simple and easy. And Michael now came to point also to you haven't position size first. What allows you to take partial profits? Basically, if you be in futures trader and you cannot trade maybe 2nqs because the margin is too big, then think about trading maybe 8M and QS and then to hold the trade longer and you feel like oh man, I have to take my profits.

[00:41:38.27] - Speaker 1
What you're doing, boom. You place the bottom patient partial profits. Maybe you take out 50 of your position. So then you have now four M&Q's running. And then you see how the position is going. If the position is going running, running, running and you feel like oh man, I have to do this now I must take it. Boom. Take again partial profits. Then you have two open positions. And then take again partial profits. And then you have only one. One position open. And the only one position open. You let it run like a until it's printing so much money. And. And this is something what I was practicing many many times now to understand, okay, I have not to take out my full position. If I get. If I get panic because the prophet is too good. Take passions. And if I see that my profits were wiping out now, boom. I take everything. But if it's now in a good moment. Take passions. Take passions. Take passions. Take partials. And let only one single position run. The only one single position cannot destroy you anymore. It's you were saving all the profits. But. But what I was meaning with that retail triggers at taking out as full profits is if you're doing only 200 US dollar bin and then you have lost with 2000 US dollars this will be not working at the end of the day and also you must having a good risk reward and how you can have this risk reward if you have fear and you're taking the profits too early is working with the partial profit to say to yourself I'm building, I'm going into market with a position size what allows me to take partials.

[00:43:24.08] - Speaker 1
So if I get the fear and I take partials and I think this could be something really cool. What can help you? Yeah, and I'm doing this from my side also. So I have every position size what I'm taking 4, 6, 8, 10 if I have 5. Okay. I'm taking out 2 if I have a somewhat. I cannot taking partials. I will avoid this. So maybe 2, 4, 6, 8, 10, 12, 14 so that I can take every time. Partials. 50 out. 50 out, 50 out. And that's it.

[00:44:05.09] - Speaker 2
Yeah.

[00:44:09.23] - Speaker 1
Michelle Ryan, let me know if. If this will be answer your question.

[00:44:15.01] - Speaker 2
We have another question from Scott. Yeah, I'll let you take this from Patrick as well.

[00:44:26.00] - Speaker 1
I know you approve of NQ but where may have movement in CL and CB2 or currencies depending on outcome, expected delays or options positions. Will you trade other instruments or only nq? Personally I'm going to have playbooks and game plans for the best setup. Thanks for doing this. Wow, Scott, I like this question. I was really thinking about the weekend about this what I'm should doing. Should I have a playbook like the same mindset what you have now. Should I be playbook for everything? And then I was saying my outcome was no focus only on nq. Why? Because we, we can have crazy volatility, we can have crazy moves and if I don't know exactly how the CL or CB is going normally I don't know if I want this and this was my outcome. So no, I want only focus on the nq. But as we won't say we are a team. So Fabio is also have trading view there. If you see some opportunity in cl. If you see some opportunity and cp. We were going into this, we weren't speaking about this. I can, I can share my thoughts with you. What I'm seeing or what I'm really like to see if I would trade this.

[00:45:43.23] - Speaker 1
But I. I'm not trading this but I can give you my full thoughts.

[00:45:47.23] - Speaker 2
Yeah.

[00:45:48.24] - Speaker 1
So this is what I can do. But my trades will only on nq. So this is that. This is what I was. This is my outcome, this is my commitment.

[00:46:02.20] - Speaker 2
And yeah I think guys, please send us more questions. But Patrick, while we do that, I don't know if you want to maybe like share your screen and show us kind of like how the setup would look like and how we would share all the information and the transparency. Of course.

[00:46:19.04] - Speaker 1
Yeah, You can speak a little bit more and I will set up everything. Yep, here we go. All right. All right. So sorry guys. So if you, if you speaking about this, if I can make this bigger. I cannot make it bigger. I was doing this as possible, as possible as. As I can on my end. So I have always my. My trading view on my end. So my trading view shot will be this. So here I have the NQ with my blind spots with my mental Q levels. So what I have also here is I have the SMA, SMMA 20 close open at low. So this helps me to understand a little bit better the movements of the markets. Here I have always my Es with my mentor Q levels. Also the setup is on the 15 minute. Here I will watch also my, my magnificent seven. I have here my time and sales and here I here I place my orders. So this is for my metatrader where I'm placing my orders where you can see. So here you see that. That's my profits from today. I was not trading so much today.

[00:48:15.11] - Speaker 1
I was making 6850 today on my live account, private account. So here don't burring me the 50 and 45. So Fabian maybe was taking some. Some trade. It's to see if everything is working. This is at the moment 2 million 363, 274. I will make also a report for you where you can see everything after this. So I will become transparing. You see also my trades here and then I will speak about this. And we have also the recap where we're doing on I think Thursday where we're going through every trade what I was taking that we can recap this or if you have trades where you want recap. Yeah. And if we don't see something on NQ or if I'm not taking a position and you see a price action maybe on. On cb, cl, GZ or something like this. No worries. We can go and truth this. So it's. You have also his trading view there. We can share this. So this will be my setup. So when we trade together. Yeah.

[00:49:37.28] - Speaker 2
Yeah, that's great. And as you guys can see, we'll have full transparency. This is actually Patrick's live trading account and then we will share all the results. So so as we go through you, you'll be able to watch them live. But Then we'll create a report for post trading analysis after the event for sure. 100 yeah.

[00:49:59.23] - Speaker 1
So what we can do is we're getting here and, and report and then we make a report and then yeah I will share the full report so you can have this. So it's no worries.

[00:50:13.13] - Speaker 2
We have a question. What is the channel on the left pane?

[00:50:20.11] - Speaker 1
Oh, so what left is on your left. So this is. Okay, here's my toolbox where you can see my trades, what I'm taking my, my entries, my exit, my profit. Here you can see my, my execution platform where I'm execute. So here I can go long, short, whatever. Here I can place limit orders, buy, order, stop orders, whatever I want. Here you will see my running P L.

[00:50:56.12] - Speaker 2
Maybe Patrick. So the way you do it is obviously Trading View is your main platform. So on the top left hand corner and kind of like in the all screen is Trading View. But then you use Metatrader because of different reason. I think you can answer that. But basically mostly is obviously execution. The technology, the ability to actually get in and out very quickly. So Trading View obviously as your main charting platform where you make the decision, but then the execution is done through MetaTrader.

[00:51:31.09] - Speaker 1
Yeah, yeah. Why am you know me a little bit longer? You're correct. VIX QQQ SPY when trading nq. That's correct. So normally I will watch this but I have a challenge with you guys. So I have only a small monitor and I won't be as transparent as possible. So this is why now you see here my, my execution. And normally I will also plotting now the VIX and the qqq. But I cannot do this. I have not so much place anymore. Otherwise you will, you cannot read my shot anymore because everything will become small on, on the screen. So for this reason I, I'm switching now to the es. So I have here my weeks in my watch list and this is how I'm going truth to life Trading sessions.

[00:52:26.16] - Speaker 2
Yeah, yeah. And that's maybe the question started from Scott. So the indicator that you use obviously is the, is it the 20s MMA? Correct.

[00:52:39.23] - Speaker 1
Normally I have the 20 here on my shot. At the moment I have the 50 which was for today, it was a good one. But you can, you can use this. So I have the 50 SMMA. So one is the open time frame one minute, then the same 50 again with the source high also on the one minute and the other is the 50 with the source low. And here I have a 50 minute time frame. And if you go in here in The SMA sources. So here I have the 50 SMA in the 5 minute. The same with open and again with high and again with low. And why is this really interesting? So here we go. Yeah, it's the. Yes. So here sometimes you see it here when we have the SMAs here. So it's for me it's more my trend line. Yeah. So as you can see here. So we, we can see it was holding now when we're getting down it was holding now the sma. So I'm I'm really like it to see something like this and and it helps me to guide me to get an information, more information if we're having more pressure to the, to the downside or to the upside.

[00:54:10.25] - Speaker 1
But it's only in, in something from my end. So what I really like to have for my shot.

[00:54:17.10] - Speaker 2
And Patrick, another question like do you use any other indicators? Obviously the mentor key model levels, the smma. Is there anything else that you use or simply.

[00:54:27.29] - Speaker 1
No.

[00:54:28.10] - Speaker 2
No. Okay.

[00:54:30.11] - Speaker 1
Yeah, I have the atl but the ATL is here on my other panel. You can see our Atlanta and as you can see now I can make the changes so let's see line by going to a bigger time frame 15 minute. So now you can see for example we have a stop loss here this number. But if I'm clicking now on ATL then the ATL will calculate my, my stop loss for me automatically. So I have click only on ATL and then the ATL will calculate my stop loss for me.

[00:55:12.11] - Speaker 2
So yeah, maybe this is actually a good question Patrick. Why do you use MetaTrader instead of trading View?

[00:55:24.11] - Speaker 1
Oh now it will become very personal. So for me I think but it's only for me. For me is trading with Trading View a pain in the ass because as charting it's really powerful but as trading platform I really hate this. It's for me you must understand most of the time in scalpa for me it's really important to get very quick in in the market and very quick on out of the market. And with MetaTrader I have the opportunity to have an virtual private server where all my data sources is where I can place my trades through being the virtual private server and it goes directly with I think it's 0.12 milliseconds Delay truth to market. And with Trading View I was testing this, I have a bigger delay because it's when I place on Trading View my entry there's a little bit delay when it goes through my broker. And this is something what I really Hate and say and the second is if you have a problem with are not you sorry, it's because it's me. If I have a problem with Trading View and I will go now to my broker and say hey, why my stop loss was not hitting or why was something like this happened then the first question is what I getting from.

[00:57:09.29] - Speaker 1
From my personal broker agent what platform you was using and if I tell them Trading Views I say up it's your fault. It's a second it's a third party platform. We don't support this. So first my brokers doesn't support this. So if, if I have any issues with Trading View I take the full risk. If I have any issue with Metatrader it's a supported platform and for execution I like Metatrader really well but now the pain in the ass for Metatrader is coming. I hate Metatrader for shouting. So it's. It's quite impossible to have the same shots what you have on NQ on on. On Trading View. Like like Metatrader it's. It's a pain. So. But I like how Metatrader is executed how fast this is the. The opportunities. Also you can program algos who can work through Metatrader. Yeah so this is one thing and then. And yeah so everything have a pain in the ass. But I like Metatrader for my execution. So yeah.

[00:58:26.13] - Speaker 2
And I think Patrick to add to that it really depends on your time to. To market. Right. So you are a scalper. You might be in the trade for. For a few seconds. So you, you know, for you execution is really key because in those few seconds especially having bigger size could actually make a big difference. So I think it really is different if you are for example holding a position longer then maybe in that case Trading View could be a good option because it's really. Everything is integrated. But in your case Patrick, I guess because of the sizing the execution is the most important part.

[00:59:02.21] - Speaker 1
Yeah. And last. Last but not least I, I love Metatrader also because now I will not recommend this to any one of you but sometimes if you have enough money on, on your bank account and, and. And you feel like you. You're sitting and waiting of your wife because she's in a cosmetic studio or I don't know, she's in a shopping mall, it's taking longer time or you're waiting for the cashier and you have to wait or you're waiting for the train so you can use your Metatrader mobile and can trade Sometimes it's funny. So you're waiting for your wife and maybe you can make 200, 300 US dollars through trading, placing a quick trade in and out. Boom. And then the time is much easier for waiting. And this is something what I'm also really like on Metatrader because I like how to trade how I can trade this on the mobile. For me, I think with TradingView Mobile Mobile Trading it will be also a pain in this.

[01:00:12.07] - Speaker 2
Nice. So we have a couple of questions I think we're going to go through. I'm going to put put this on. So viz we're gonna go through this in great details in the session tomorrow. So yes, we're gonna show you how Patrick uses the level. What are the criterias, what level does he use. And we're gonna go through this into great details. But during the live session I think.

[01:00:40.10] - Speaker 1
Yeah. And this is now this is why we we having this live session with normally my standard answer to your question will be it's depend on the price action. It's depend on the momentum. I cannot say this to you. I would say to you now looking what is. What do you like to to trade? So it's really depend on the price action. There's no rule how you should taking the put support. Think about on our presentation what we was having. I think it was for two weeks, Fabiano. Two weeks. When we're speaking about the levels. Two weeks. Yeah, two weeks we're speaking about the levels. So there we have also the pin risk. We have other risk factors. So it's. It's really depend on the price action how you can approach the put support. And for me it's the same. So I will see life in the market how we approach the put support and also I won't see how the ES or the spy is reacting or the VIX is reacting in the same moment for this reason. This is why we have the live trading session. So because we can give you really life examples and it's a different approach if you be live in the market or if you're doing theoretical stuff.

[01:02:07.08] - Speaker 1
Welcome.

[01:02:08.16] - Speaker 2
Yeah and we will have plenty of examples and it will be together like over 10 hours over the course of these four days. So we will have a lot of examples. I'm gonna go back to Michelle. I don't know if you want to add anything to this Patrick on how you use the smma.

[01:02:29.25] - Speaker 1
No, I'm not using sma. SMA is. I'm using the smooth moving average, not the smooth moving average. Smooth moving average. So smma. So it's a different. The calculation is really different.

[01:02:45.27] - Speaker 2
Yeah.

[01:02:47.08] - Speaker 1
And how I'm using this. So some people have trend lines on the chart. So for me the moving averages are not more trend lines to getting an. An idea how the market is if, if we. If the. The lines are flat and the market is staying in the lines and there's not something. So this doesn't mean I I have not go into the market or I won't see how far away we are from some. Some lines if we have enough room to come to the lines or if we squeezing through some line with strong momentum. This is something where I'm looking for. But we're speaking differently more about in the live streaming sessions.

[01:03:29.02] - Speaker 2
Yeah.

[01:03:29.23] - Speaker 1
And as you see. So today they was reacting as a strong resistance so we was touching them when we came down. So there was no reason for me to go long. If you're not going with Big Squeeze Truth. The smma.

[01:03:47.09] - Speaker 2
Yeah. Yeah. So I think Patrick if we go back here. So the session today is. Was really to lay the ground for what's coming for us over the next few days. So if you guys have other questions please send them over. We're gonna spend another few minutes here. But really the, the you know the really the, the cool uh event we start tomorrow evening where we're gonna have volatility we will. We're gonna see Patrick like in action and then obviously the following two days as well where we're gonna have the morning session us on November 6th and the FOMC meeting on November 7th. So plenty of opportunities to showcase not only our Patrick trades in action but also Patrick can leverage the data coming from Mentor Q for his trading and how to use the leverage.

[01:04:41.24] - Speaker 1
Oh but by the way Fabio, when will be the levels coming? 10:00pm so we starting 10:00pm on November. So because normally I'm sleeping so I have not to taking advantage of this.

[01:04:56.13] - Speaker 2
So the level should be. The new level should be probably by 10:30. We should have the new level. So I'll keep you posted when that happens. Yeah, by some point if you have. Yeah. So we'll have the new levels. Absolutely.

[01:05:09.12] - Speaker 1
Okay cool. So don't bother me that I'm. I'm using the old levels so I know someone looking extremely to this what level Patrick using. If I'm using the levels from the.

[01:05:21.05] - Speaker 2
Day before came and yeah we'll update them. We'll update them throughout the. Throughout the session. But I'll. I'll keep you posted when the data is. Is going to be there.

[01:05:30.23] - Speaker 1
That's amazing.

[01:05:32.04] - Speaker 2
Yeah but I think, guys, we're gonna, you know, send us a comment, send us a message. We're gonna close it for today. Please send us a message with your kind of takeaway of this session, what you want to achieve, how can we help you? And then obviously, we're gonna be back tomorrow during the day. We're gonna be live at 12 tomorrow and then back again with the live trading at 10:00pm yeah.

[01:05:57.08] - Speaker 1
So, and let me also say something about this. So one critical part there for me that you become successful. Because Fabio asking me, Fabio gives me always the pressure. He said, patrick, now you're making the 1 million. Say, Fabio, one good trade. One good trade. So the money is not very important for me. For me, it's really important that, that the community and all the people who are listen to us, that they become successful. Probably I was saying this every time. Yeah, this was my main reason that you become successful.

[01:06:36.05] - Speaker 2
And the only thing, I have to put you some pressure, Patrick.

[01:06:40.05] - Speaker 1
Yeah, yeah. And the only thing how you can be be helping me or helping you is that you, that you become at the end of the week successful. That you become successful because you was taking some profits and, and you can share something about this. You was learning something because what we were sharing to you, how you can approach this. So this is my main goal. So my currency, of course it's, it's money and the trading. So this is why we're here. Otherwise I will be lying. But my main currency is, is you guys. You will are here. So you are my currency. I. I take care of you. That. And this is why I want you, everyone, if you want be successful this week, hold yourself accountability. Write an email infrared mentormentorq.com what you expect from me and Fabio and what you want learn and, and also, also how you want become accountability. What is your goal? Trading goal for this week? And then share this with us and then we make an accountability session maybe on Friday. What is normally not. Not in. In the schedule, but maybe we can do this. If you're getting enough people who want become accountability, we can do a Friday, some accountability session.

[01:08:09.25] - Speaker 1
But this is something what I want, I want that you be successful. So now we can close the call. So I won't be 100% sure. Send us the email. Become accountability. Make me and Fabio accountability and yourself also.

[01:08:24.24] - Speaker 2
Yeah, I think that's perfect pic. So again, guys, this was just the beginning. The really cool stuff start tomorrow. So thank you for joining and we see, we see. See you back tomorrow. Patrick, during the day for a preparation and then the live Training starts at 10pm tomorrow.

[01:08:42.03] - Speaker 1
Yes.

[01:08:42.24] - Speaker 2
Yeah. So thank you. Thank you, guys.

[01:08:45.23] - Speaker 1
Bye.