Live Trading Futures

[00:00:03.01] - Speaker 1
Hi everyone. Welcome back. Happy Monday and today this is going to be a very, very fun session and very, very a lot of value. Today we're gonna, we're here with two very big professional traders. We have Patrick from the Mentor Q side and we have Anne Marie. So welcome Anne Marie. We are very excited to have you. Last session we had with UND was very good. So glad we have you back. And today we're gonna go over some live trading some levels and. Yeah, and how to use mentor queue for that. Before we go into that, let me just run disclaimer very quickly so we can. All right, so for those who don't know you, Anne Marie, maybe like I don't know if you want to give a quick intro about yourself. I'm sure everybody does, but it might be sure you. But that would be awesome.

[00:01:03.06] - Speaker 2
Absolutely. My name is Anne Marie Band. I've been trading in the markets for a couple of decades. I started in the option space trading options and stocks and moved to futures about 11 years ago. You can see me well probably about 12, 13 years ago actually. And you can see me on Twitter or X. You can see me on the Benzinga Pro platform, you can see me on Top Step TV on the YouTube outlets and I'm so fortunate to get to spend time with two of my favorites at Menther Q.

[00:01:45.26] - Speaker 1
Awesome. And then Patrick maybe for those who don't know you, maybe if you want to maybe say a few words of your experience.

[00:01:54.18] - Speaker 3
Yeah, of course. So welcome everyone. My name is Patrick. I'm born in Germany and yeah so I think I'm not a normal Germany. So I left the school and started trading directly when I was on the age of 18. So since of this I never was making any job, I was never doing any college, I was never visit any university. The only university was the market. So I was rising in the market. I was bottom from the market but Now I'm staying 20 years in the market. So yeah, most of the time I'm working for investors. So I manage capital for investors and yeah, so I think we are now, I think nine months, we stay nine months together. Yeah, so the baby is born after nine months. So welcome. I'm now in the mentor cue world so and, and yeah so we're hosting together the Mentor Q Pro space. So and I'm really excited about this because Anne Marie was mentioned. She's also from tabstop tv. You see there sometimes some topstep tv we have the top Step challenge where we try to get a funded account from Top steps and yeah. So I would say Fabio, now it's your turn.

[00:03:19.29] - Speaker 3
So maybe say something about you.

[00:03:22.17] - Speaker 1
Yeah, sure. So my name is Fabio. I'm the founder of Mentor Q and I worked mostly in finance since 2007. Worked at Bloomberg for most of my careers and then I was also selling data to large funds. So what we did with Mentor Q is we are trying to bring the same approach that is leveraged by large institutions and provide actionable data to retail traders. So we met Ann Marie I think through Twitter maybe like a year and a half or maybe two years ago. And obviously when we started publishing kind of like our gamma levels, you got really interested and then we started really chatting and then obviously you are now using our data for trading. Today we're going to show you some example. We are also like excited to launch our challenge within our pro membership that we start tomorrow where we are going to basically go through the top step 50k account challenge and Patrick is gonna show how you can use the levels and the data to potentially go through the challenge. We're gonna do live trading for six, six days over three weeks. So Tuesday and Wednesday. So we're very excited about that.

[00:04:33.08] - Speaker 1
And then we're going to show you the outcome in three weeks and see, see how we perform.

[00:04:39.26] - Speaker 2
Can't wait. Yeah, it's going to be great.

[00:04:43.14] - Speaker 1
And today we're going to just give you like a taste and we have Anne Marie here. So we're going to go through some charts, some levels and we're going to see some traders in action. So professional traders, how they approach the market, how they look at the levels, how they look at the charts. So very excited for that.

[00:05:06.05] - Speaker 3
Yes.

[00:05:08.24] - Speaker 1
So before we get started, I have a question for you and Marie. Like how do you prepare kind of like your day and how do you then fit in kind of the Mentor cue levels to prepare for your routine and then we go into the level after that.

[00:05:23.09] - Speaker 2
So the first thing I do. You can still hear me, right?

[00:05:27.15] - Speaker 1
Yeah.

[00:05:27.24] - Speaker 2
Everything good? Yeah, the first thing I do is I'm, I'm very systematic about the morning and I look at wide angle pictures and then telegraph down. So I will often start on a Monday. I will start with the weekly chart, unless it's the beginning of the month. And then I'll start with a monthly chart, go down to the weekly chart and what I'm looking for is how the broad based traders are responding to price. And I want to see, okay, where are they obviously buying, even if they lose the level quickly, do they recover and then where are they selling. And so that'll give me a little bit of a framework. Then I'll go down to the weekly chart and the daily chart and do the same thing. And so what I'm looking for is general confluence. So I want my eyeballs to tell me a picture first. Then I look at levels that I think my eyeballs are showing me and I'll write them down and then I'll go to Manther Q and I'll collect all the data that they are showing me about where the traders are sitting from their positioning perspective and I'll immediately mark those lines up on my chart.

[00:06:57.14] - Speaker 2
So before the day begins I usually have that's not true. I always have an idea of where it is I'm going to execute. And when the day begins I will wait for the approach of my levels and then I'll watch to see how the traders are responding to price and then I'll initiate. And so I like using the 1000 tick chart. I like looking at an hourly chart to remind me of what the trend is overall. And then I'll use a 15 minute chart that says all right, we might have ourselves a little bit of a tighter trend going. What's going to happen in the space? So for instance, right now as we look at it, we've got a Mentor Q level of 20,000 8:50 and we also have the low from Friday at 20,874. So if I attempt a short at 850 I know I need to have at least 25 points of stop for this positioning. And so my goal is why don't I wait until it gets close to that level of 875 or so, watch it come in and then I'll be able to trade it down into that 850 and potentially lower because we really are trapped between two gamma lines.

[00:08:31.27] - Speaker 2
What would you say to that Patrick?

[00:08:36.19] - Speaker 3
Yeah, so I, I think it's having a plan. Yeah, so I love to have a plan. I love to know exactly when I want to come into the market and I love when I will be stay out of the market. So for me when I'm looking to the shot, so I was adding the mentor Q levels on the top step X platform so that I have my mentor Q levels there. It's a really simple thing because in this platform so you have your horizontal lines and then you can set up your horizontal lines double click. You have here your text, you have here your coordinations and then you have the same like what you maybe have on trading view. So this is. This was what I was doing but if you're asking me so what I'm really liking and what was my plan is like looking at the put support 0dte so. So the put support 0dt is for me a really important level. Why is this really important? Because we getting here on the searching so we getting here already and down move to here and this is something I want to see where we have the reaction zones and one reaction zone is today the put support.

[00:09:52.23] - Speaker 3
And as we was reaching this level here today we're getting also the down move. So now I'm waiting and see if we hitting this again and then if you're getting a follow truth to the downside and maybe going back to the one day mill where we can go long because why we can go long because we're getting also here the reaction. So this is something that I'm looking for and. And as I say have always a plan in the. In your mind and if we go and truth put support maybe we can target the X1. But I be like more to short the market at the moment and not yeah going long because the market is at the moment in some down downside momentum.

[00:10:41.08] - Speaker 2
Yeah for sure. What are the actual levels that you've got marked below the gex? Is that a GEX too?

[00:10:50.26] - Speaker 3
Yeah. So what I have, what I have on my chart is the gamma levels, the major gamma levels, the G1 to 5 and the blind spots. So this would be my typical setup also on the trading view and I was copy this in the morning. I think it was taking five minutes to have everything there. And then now I have the same setup what I have on my trading view. So I have not to switch anymore from trading view to top step X. So now I can stay only with my eyes on top step X and can wait and see what's going on.

[00:11:25.17] - Speaker 2
Excellent. So a question for you. When it loses that lower level like we can see all that price action underneath the lowest level you have marked. How do you respond there? What. What do you do as a trader when it breaks that level? Are you looking for a failed retest of the level or are you looking for a positive recapture of the level or is it a combination of both?

[00:11:56.05] - Speaker 3
I'd like to retest a little bit more because this gives me a little bit more confirmation in my. In my entries or in my when I should go into the market because the retest say to me okay let's see we retest this again so we get the confirmation and this would be something what I really like. So for me now we have the, the third push. Yes. We're speaking always about, about the third push. So I, I was coming from the stock market and every time before we getting a breakout we need third pushes. Yeah. So one push third two push and then the third push. Most of the time we're working great. So now let's see if the put support will break or did we get the support and we came down again. So now we came in a really interesting area. Who gets now the control But I will not going long there at the moment because it could be a little bit a trap.

[00:12:51.21] - Speaker 2
Yes.

[00:12:52.03] - Speaker 3
Maybe getting the next short opportunity on GEX1 but as I said I'm looking more for the shorts. I will not get trapped on the long side because I want, I, I don't want to pay the premium. If you will be going all along you pay a premium and this is this worth to take the premium at the moment? I don't know. I like always a good risk reward. So what, what could be maybe the reward. The reward could be the GEX one. What we can target at. Let me double check. It's 2900 so and we are now on 2869 so that means 31 points as a target. So I don't know, I don't like it but let's see how the market is reacting and I'll be also cool with this. Anne Marie, do not take any trades when my trade idea is not showing up. I get no, no fomo. And this is one thing I think it's really important. You must have your trading plan and then execute based on your trading plan and that's it.

[00:13:56.14] - Speaker 2
Okay. So as I mentioned a little bit ago, my trading plan from the discovery perspective is to wait for the test of Friday's low and I'm expecting a reflexive trade to the downside. So I've got a couple of limit orders short sitting up at the top of these edges. So I'll. I'll enter, let's see where that is. I'll enter with one of them at eight seventies five and then if it flies up a little bit more into 890 I'll add to the position and then my stop will be just about maybe 25 points above that. So I'm, I'm waiting for it to. My suspicion is they're going to be both sellers and buyers fighting right around this level. And so that's the reason that I have the short up there because overall trend just like you, I'm in The same camp as you. Trend and momentum are mixed, but trend is definitively down. So the bounces should be sell zones. So the question is, am I choosing a price that's too expensive and they won't come and get me?

[00:15:34.14] - Speaker 3
Or.

[00:15:36.19] - Speaker 2
Maybe I just wait on it, which is really what I'm going to do. I'm just going to wait on the prices to give me that short and that's where I'll begin my execution event.

[00:15:48.11] - Speaker 1
And if I can add something, Anne Marie. Yeah, on top of the levels, like we can also look at some of the other models that we have. So for example, very important on the queue is we are on negative gamma. Also we are on negative gamma. So what that means means that the volatility that we could experience could be very high. So if you see a reaction on your level, then you potentially could expect a lot of volatility. We also look at the zero DT options that we can see. There's a lot of like negative gamma on most of the exploration right here. So we can see that the 0dts are mostly on negative gamma territory. Same with the tomorrow's expiration. And then also the January 17, which is next week's expiration is here. And then you can also look at the matrix and see how the gamma change happened like compared to yesterday. So we saw a lot of like negative gamma coming in use over Friday.

[00:16:50.27] - Speaker 2
Okay. And so this area that we are looking at right here, this is on the website site specifically, correct. I just wanted to make sure people knew where they would have to go.

[00:17:02.17] - Speaker 1
Yeah, absolutely. So if you have access to our, our premium platform, you can get all that within your data section. I customize my dashboard, you guys can also do the same. And if I go into QQQ for example, right here and we can go into SPX as well if you guys are trading. Yes, we can then see all the different models. The other important thing is that we're also on a bearish swing model. So we are on a bearish bias within our swing models. So obviously also that's like something that you guys can also use for your analysis because we can see that we have our lower band right there and we can also see that basically all the other different areas and I have my levels right there as well. If we wanted to look at spx, we can also change that right there and we can also see all the difference. We are in the similar situation on SPX as well. We are negative gamma. We have a lot of negative gamma positioning on the next expirations. The swing model is also negative and also the option matrix is very, very red right here.

[00:18:18.27] - Speaker 2
Excellent.

[00:18:19.16] - Speaker 3
Yeah.

[00:18:20.03] - Speaker 2
I love that pictorial up there. Excuse me. Yeah, Patrick.

[00:18:24.22] - Speaker 3
No, no, sorry. And Fabio, I think it's on. We are now on Monday and I think for the people it's really important to understand because we get a question from health. He was saying he don't see any gags levels on, on the price area from 28.50. So please can you explain again what happens with the future levels update, especially over the weekend until Monday because I think this is really important to understand that we have twice snapshots.

[00:18:58.04] - Speaker 1
Yeah. So we have the end of the snapshot for futures on Friday at 11pm but we also do take an additional snapshot on Sunday at 11pm because of the updated data that comes from the exchange. So there is new data for the week coming. So imagine like new options, new strike prices that are published for the week based on the price action for the previous week. So there's a new data coming in on Sundays. So we do have new updates on Sundays at 11pm as well.

[00:19:32.10] - Speaker 2
Yeah, love that.

[00:19:35.17] - Speaker 3
And this is basically what we were seeing.

[00:19:39.09] - Speaker 2
Yes, my short did trigger so I, I'm in that trade before I add to the position. I would really like to see it break from a momentum perspective but also I'd like To see my 15 minute chart sort of give up a few of those ranges that 20,000, 8:45-20,850 area. Really pretty important. So we're getting a nice break. It's coming down. I think Patrick mentioned he had a number at 800-THE-GEX2. So let's see if we get there. I'll put that line. Yeah, I love it.

[00:20:26.09] - Speaker 3
I'm also taking the short. So but don't, don't, don't me. So I'm using at the moment the Top Step X practice account because tomorrow we have the Top Steps challenge where we're taking with the pro members from Mentor Q. So this is why I was not taking a trade in the challenge.

[00:20:47.12] - Speaker 2
Very good.

[00:20:48.21] - Speaker 3
So that, that we start all with zero.

[00:20:53.05] - Speaker 2
Yeah.

[00:20:53.18] - Speaker 3
Only for clarifying that. You don't see why I'm not doing this on the challenge.

[00:21:00.11] - Speaker 1
And can I ask you a question, Marie? Of course you've been trading for 20 years, two decades and obviously options data was not very relevant maybe five, 10 years ago or not as relevant.

[00:21:13.12] - Speaker 2
Yeah.

[00:21:14.02] - Speaker 1
How has like using option data change your only performance? But really your approach to trading, it's.

[00:21:22.05] - Speaker 2
Been an absolute game changer, which is one of the reasons I'm on here with you because a lot of times when we're traders and we're looking at price patterns and doing all kinds of stuff, I'm going to flatten this. It's behaving. Yeah. When we are, when we are trading and we can't see real option flow, we don't really know where the action events are. We just think we know where they are. And so using men or Q has been an absolute game changer for me. And it's been a game changer for me because it stops an indecision event in me where I go. I wonder if it's just me wanting that to be the level. Let's see where they really are positioning and this hard data allows me to say, you know what, I'm going to try a long down there, I'm going to try a short down there, and I'm going to wait until it gets there rather than chase my price action. That's been critical. So not having to chase the price action and, and being able to follow through in the trade, it allows me to really minimize my risk events. And that has really been the taking me over the hump.

[00:23:05.02] - Speaker 2
It's been absolutely fantastic. Absolutely. I would recommend it to every single person that trades stock or the futures because these levels are literally road maps. And not only that, they're sort of guardrails where you go, all right, we're gonna slip. We're slipping through an important area. We better pay attention to what's happening with price action here before we decide, hey, this is definitely where I'm going. And it builds a level of patience for you to say, you know what, you can wait on that level. You could, you can wait for it. Now trading live here with you in, I have a five combines that I'm trading all together. So it says leader plus five. I don't really want to go red live, but what I would have normally done was enter with two of those contracts, take one of them out, and let the next one sort of lollygag its way into the next. Into that next gamma line that I can see really pretty well. Right. So that. And I. I always want to be super transparent, right. I mean, nobody wants to. Nobody wants to lose money trading live. Right? And really it's not about how much money is getting made here.

[00:24:41.11] - Speaker 2
It's about following the technique, and that is critical.

[00:24:46.08] - Speaker 1
And I have another question. So tomorrow we're going through the challenge, right? The top step. And I think the most important part is not only to Be able to make those $3,000 to be able to pass the test, but also to be consistent and actually not blow up the account. Right. So I think my question is, what in your 20s experience, what do you see as the biggest mistakes that novice trader make when they are looking to go through maybe like top step accounts or any prop firm account? Yeah. And what do you think is the biggest ones that people should pay attention to? Because I think you mentioned like having better confirmation, which is why we are providing the data. But I think there's a lot of time where a lot of traders make mistake because they want to have too much information, too much into their chart and then they get distracted and they do.

[00:25:42.11] - Speaker 2
Exactly. So that's a really great question, Fabio. And it boils down to a couple of things. One, we are not digital creatures. We're analog. And so less is more almost every single time because it allows us to make decisions better. What I notice with traders is that they don't look at the chart and say, if this happens, I'm wrong. So they don't, they just say, all right, I'm giving my stop five points because they'll choose an arbitrary number. I'm just giving myself a 10 point stop. Whatever the market has pricing that has a lot of epsilon or noise sitting in it in between price action. But at the end of the day you have to look at a number and go, okay, if I was thinking about going long and all of a sudden it loses my 800 number, I have to cover. And what traders will do is they'll go, all right, I'm going to move my stop down a little lower. Just, just in case I'm wrong. They're afraid to just clip it and go, you know what, I'm, I'm done. I took my profit. I'm, I'm. Or I took my small loss and I reset.

[00:27:04.27] - Speaker 2
That is the biggest thing. There's very little consistency of process in the average trader. And if you look at anyone who is at the top of their game in any field, you know they're consistent. Whether that's a surgeon, a basketball player, a hedge fund manager, a dishwasher, for heaven's sakes, if you don't follow a process, you're going to get messed up. You're going to have yourself an issue.

[00:27:46.01] - Speaker 1
Yeah.

[00:27:46.15] - Speaker 2
So that's what I notice.

[00:27:48.17] - Speaker 3
Yeah. Let me add something to this because I like what you're saying, Marie, and this is absolutely true. But I think also many mistakes when I mentor people to get funded or all the stuff Is they not willing to taking small sizes? Because they say hey, this is not meaningful. If I was making only 100 west or a profit or 50 west or the profit today, that's not meaningful for me. That's. And then I asked them hey, okay, let's think about. We was making only 100 US dollar profit today and this is really not hard to make 100 US dollar profit in the market. If you follow, follow your plan. Yeah, so I can go to McDonald's and can teach any single person to make 100 West Dollar in the market. But then we have to speak first about the mindset because that's what holds you back. And I think if, if people understand so hey, if you can make US$100 and, and you double this for a month and for one year and maybe say you make every single day 100 west dollars. This, this means in the week 500 US dollars. This means in the week 2000 west dollars.

[00:29:05.21] - Speaker 3
Tell me please that 2000 US dollars is not having any impact on your life. So if you have a regular 9 to 5 job and then let's calculate this to 12 months then we're speaking about 24k. So and tell me that this little tiny US$100 have no impact on you. And I say to the people Also start with one single contact 1M&Q and treat this like a business. Think about you are the employees. You start now with one contract and if you be good and if you be growing then you can start to add a second because the second contract makes be your employee who makes money for you. But you always following your routine with one MNQ. And the good stuff is and I think top steps providers. Also if you be comfortable with one single contract and you make little tiny money on this like maybe 100 each day you can have a second account. You can copy trades so you can split the risk. If you understand the concept of risk management small position sizing and get out when you be in profit. Don't become greedy, don't move your stop loss and all this stuff then this is a really nice business.

[00:30:33.02] - Speaker 3
And I think that's the point where people saying very often and giving up because think about they're making 100 US dollar profit today, tomorrow and then what they doing most of the time say taking in stupid idiot loss from 500 US dollar because they think oh everything is I don't know pure gambling what's going on and and then they out all the profits from the last days and becoming now in minus because they, they don't understand Also if you saying to yourself I make today only US$100 profit and this should be my average profit. What should be your average stop loss where you set on your top step X where you get stopped out. This could be maybe also US$100. So if you're losing US$100 book the day is done. Yep. But this is something what people also missing small sizes. They give the money no meaning because they don't see the bigger picture. Then they wipe out the full account with one stupid loss.

[00:31:44.04] - Speaker 2
Yes, that's very very true. They want to run before they know how to walk. Absolutely. Absolutely.

[00:31:53.17] - Speaker 3
And for me in the challenge I would trade with MNQs. Normally I trade NQs. But I give a about this if there are 38 US dollars because in my mind I calculate normally I would trade 10 NQS. So if I would make out at the moment 30k so normally I will, I will have much more. Then I calculate this in my mind and I give some meaning to them and Q's. That's it. And if I see some YouTube streamer how they're making big money. Of course if say trading 5M and Q's and I don't know whatever and say they come out with 5,000, 10,000 profit if there's real money, I have no idea. Sometimes it's also paper money and then I come out on my M and Q account with maybe only US$100 no matter what. But I'm trading one single M&Q and you trading five NQ. So understand this also what you trading and what the other people trading.

[00:32:53.16] - Speaker 2
Absolutely. And really if you're working a 50k combine, micros really are the better instruments to use because you get a little more wiggle room in terms of where you enter so as not to draw down into your your loss limits.

[00:33:17.14] - Speaker 3
Yes.

[00:33:19.16] - Speaker 1
Yeah. And I think this is also what we did. The reason why we structured it over three weeks and six training session. The goal is to go through the three thousand dollar challenge over six days. So our daily target would be 500 US dollars. And obviously we would also look at the at our risk management of course. And that's why we will be using kind of like MNQ for that.

[00:33:45.14] - Speaker 2
Love it. This is going to be so fun. You guys are going to kill it. It's going to be great.

[00:33:54.05] - Speaker 1
Yeah. And the goal is again not to just show you how to make $3,000 but to show you the techniques that you can use to manage risk and be consistent.

[00:34:04.06] - Speaker 3
So that's and Fabio, maybe you can switch really quick to my monitor. So this is at the moment only one single nq. Yeah, as you can see. So now let's move this to 2650. Let's move this maybe now to 30. So the 30 US dollars they have no meaning for me because normally I'm trading with much, much higher money. But I translate now to 31 west dollars in 10x. So this would be meaning for me. It's now 3000 normally if with my position size, this would be now normally. Sweet.

[00:34:39.28] - Speaker 2
That's a great short.

[00:34:41.10] - Speaker 3
And this is a, this is exactly what I'm doing. So if I have enough money. So for me the US$31, it's nothing big, but yes, it's big normally for me because normally I would trade bigger size. And I calculate now this, this only single 1M&Q contract to my normal size and this would be perfect. So for me this would be my heart and everything is good. I get the flesh down from the first one minute candle. This is what I'm liking. Click in, click out and that's it. And if we're breaking this area now, I can go in any time because that's my mindset. Click in, click out and waiting for the next opportunity because, because maybe Anne Marie, I was giving you one story when I was working with investors, people asking me very often why I was losing profits. And this is, this is something what people not realizing. So on top step X you have the really nice comfort on the end of the trade order. But if you're working with real investors, they looking on the trailing data intraday, they looking in, hey, if he was making now 10,000 US dollars with this trade, but you get out with 5,000 then they asking you what was happened, why you was not taking earlier profits, where are my 5,000 profits?

[00:36:07.02] - Speaker 3
And this is, this is so hot in my mind. And this is why when I was seeing the 30 US dollar profit, I was realizing oh, if this against me and it came to US$10 then I have to become accountability to my investors and they will ask me hey, where are the other US$20? Why you was not taking the profits earlier? You see now what has happened, we're getting the a little bit reaction, maybe we can go back and I could be in a drawdown, but then I have to be report, I have to become accountability. And this is really so hard in my mind since 15 years when I was working the first time alone with investors when I have to report and they telling me always why you was not Taking the full profits. Why you let it come a little bit down and then you start to, to explain everything. And this is push it.

[00:37:05.13] - Speaker 2
Yeah. You know, accountability and accountability to yourself is a lot harder than being accountable to someone else. If I had to call you Patrick, every day and tell you, okay, I made this or I lost this, I'm probably going to be much more sensitive about what I do. And the independent trader really has got to learn to hold themselves accountable for what it is that they're doing. You know, I talk to a lot of people that have great strategies. The problem is they're not executing according to the strategy. They're just talking about it. And so one of my favorite things to do is go, okay, let's see your strategy. All right, now let's look at your executions and let's see how close they are to each other. And that really does end up telling us what, what that trader is doing. So you're, you're absolutely right about that accountability measure.

[00:38:11.04] - Speaker 3
Yeah. And I think I was mentioned this in one of my interview. What I had, we came from the Shed with Traders community, so the Chat with Traders podcast and I was mentioned this. So one benefit from me as a young trader when I was looking for, for, for, for money from investors like assessed what I can trade with this was that I was become accountability every day to, to the investors. I was post every day on report what I was doing, what I was looking for and what I was taking. And then I get the trust. And this is something what I'm practiced since 15 years every single day the accountability no matter what I become now accountability in the community. But, but if I have no one to become accountability then that, that's my family. I speak every day with my wife and say look at the shot. I was doing this, this, this and this is something what I practiced since 15 days. And I think at the end accountability make us successful because you, you, you're thinking twice if you're taking this trade or not. And this is something what is really, really, really good.

[00:39:23.08] - Speaker 3
And I think everyone should be become accountability. And if you have no accountability partner don't care about this. So you have a community. Anne Marie, you have also a community. And, and we have a community. I think there are so many discord channels outside and you can post your trades there, you can say hey to today I want become accountability to this community. I was trading this, I was doing this and I would do. I will come up next week and say to this community what I'm doing wrong and What I'm doing good and where are my goals for the next week? You can do this in any community and you become accountability to people where you maybe don't know, but they become your partner, they helping you, they motivate you, they're giving you feedback. And this is the part what people missing. You know, I'm a trainer and I'm hating so much when investors telling me what I have to do. They telling me, hey, why you was doing this, why you was doing this, why you was doing this? I hate this because they are not in the market. I'm in the market.

[00:40:33.28] - Speaker 3
But should I say something? I was learning so much focus so much because of the feedback from the investors.

[00:40:43.07] - Speaker 2
Yeah. You know what else is very important? When we hold ourselves accountable, we put something in place that helps us with impulse control. Impulse control is a very serious problem for traders because they want to chase price or they want to chase some sort of guru. They, they want to chase and jump into the market. And very often that is a terrible thing to do. Having impulse control is critically important for traders and I do not see them possessing that in, in very strong measures unless they really work at it. And I will be transparent. I, in the very beginning I had impulse control. Significant issues with impulse control. On top of that, I'm a very impatient person. And so those two things combined, oh, it was the double whammy. I had to learn that building an edge means you wait for prices to come to you and waiting for prices to come to you means that you have to sit on your hands. And that's why these levels from Mentor Q matter so much. That's why they are literally breadcrumbs out of the landmines that come in through the charts every single day. Literally.

[00:42:23.12] - Speaker 3
Yeah. And, and we get the question from Marseille and I think I like the question say so, you know, and we was talking a little bit in the past together. I was growing up in a really poor family. I was growing up in the streets from Germany. So we have no money. So my, my mother was never be there for me. So she was always working because she need a second job search up and all this stuff. So we have no money. And for me, I was also in my early stage of the, in my trading career. I was three months homeless. I was, I was living in my car. So without any money, I was homeless. But I never giving up. And, and why I become the patients because I give money some meaning. So if I was making like US$30 with one single trade, what I was doing before now with the MNQ, I'm thinking okay, for US$30 how long have a cashier to work for this? Maybe one hour, maybe two hour. And I have maybe only 10 minutes. So I. I have in my mind how I can change time versus money because the cashier have to stay two hours there and I have to be in the market 10 minutes.

[00:43:44.28] - Speaker 3
And if I was understanding the meaning behind changing time versus money I learned to become more patience because why I should give back time. So any drawdown for me means I'm losing time for my life, for my financial freedom, for hanging around with the family. And this is. I'm thinking twice about this. If I'm should now going in the market and risk a drawdown with no meaning risk reward. So should I go now in the market long or short? No, there's no makes no sense for me. If I would be going in the market now, I would flip a coin. And this makes no sense for me because if I'm losing, then I'm not losing time. I'm losing time, not money. And I'm transfer this in my mind. If I'm taking a drawdown, I'm losing time. And this is so big in my mind.

[00:44:41.05] - Speaker 2
And Patrick, that was pure wisdom. That belongs in a short somewhere for your website because that truly was just brass tax wisdom.

[00:44:55.12] - Speaker 3
Loved it. And I think that that's at the end why we, why, why all while we all in the market. So now, now I'm living in Dubai. I. I have. I don't know, I have a really good life. Money have no meaning anymore for me because I have enough. But I. I have the. I think middle crisis did have men's middle class metal crisis. I don't know. Middle life Crisis. Yeah. I'm 40 and I. I have a middle life price because I was thinking sometimes I'm losing this meaning for the money. Yeah. And then I was speaking with someone in Dubai from. He's also a trader, he's 60 years. And he said hey Patrick, I tell you something. We are in Dubai, we are the little sister here are only millionaires. But if you're going to Abu Dhabi, there are the billionaires. And billionaires having much more lifetime. Because with 1 billion you save also a lifetime for your family, for your grandchildren's. But with million you will never save any life for your grandchildren because this is not enough. And then I was thinking like holy. Now I. I get the meaning again. Because I want that my grandchildren can do whatever they want.

[00:46:25.10] - Speaker 3
And this is why I become back in the market. So that's the only reason. It's not the reason anymore for me, for my family now it's the reason because of the grandchildren. So that's one of my main reason now. And with every drawdown I think again, okay, now I miss some good opportunities for my grandchildren. So if I'm taking stupid losses on my private account or for investors like 10K, then I'm thinking, now I'm losing some money from my grandchildren. And this is something what is in my mind and every penny is worth for my grandchildren because I, I'm now in the position that I can give them maybe a good life. And we have no idea what's going on in 60 years or something like this. But I'm here in the position to help them to become a better life.

[00:47:21.28] - Speaker 1
Yeah.

[00:47:25.08] - Speaker 3
And if I be die tomorrow, I know exactly. I have now everything done in my life perfect. Because I'm working now for my grandchildren. And that's it. That's it. I'm at the moment in the world of my grandchildren. And I hope in five years I'm no more in the world of the grandchildren of the world from the grand grandchildren. So that's my mindset at the moment in which world you are living in your world. Okay, then you should go in the next world for your kids or if you have no kids for some reason, maybe how you can have some, some church or other projects, social projects, how you can have an impact on the world with what you're doing. This is why we're here. This is why we're not staying. And, and our cashiers, we have always. This morning say hello. 9:50. Hello. Next. 8:50. Next. Next. So we get the call. So we have to fill this, we have to pull this with joy, with patience and, and patience. And I think that's my, that's my mission. Getting an impact now for the grandchildren, but soon for the grand grandchildren.

[00:48:41.28] - Speaker 1
Amazing.

[00:48:45.16] - Speaker 3
Anne Marie, what's your reason why you are in the market? Don't tell me because you like it. We, everyone.

[00:48:51.14] - Speaker 2
I do. I love it. I love it. I hope that I will trade on the last day of my life, whenever that is. If I'm 100, if I'm 80, if I'm. Because I, I just crested over. I started my 60th year. This weekend was my birthday. And so my, my motivations really in the market are all about can I do something? Well, of course you measure it by your balance. But the question is, how is my process improving over time? And I. Am I building something? Excellent. That can be replicated, which is one of the main reasons again, that I gravitated to MEN or Q. Simply because there was a lot of discretionary decisioning that I made where I said, you know what, I'm going along here without knowing where are these option traders positioned. And sometimes that led me to take a bigger drawdown than I wanted. And it really gave my account, you know, peaks and valleys that I do not like, but they happen, right? And so I'm completely motivated by process improvement and personal excellence. Now I have lived many, many years well below my means very. And that's something that I say to traders.

[00:50:38.17] - Speaker 2
Listen, if you want the big car and the big house so that you don't have to worry about things when you're trying to learn how this works, you better start with the small car in the small house. Don't put pressure on yourself to consume. The goal is to build excellence in a space and if you do that, the money will follow. And so for me, I'm in a space where I really don't have to work anymore. But I love what I do and I love imparting the knowledge that really has come with blood, sweat and a lot of tears. And so this is one of my favorite parts. As I get older and get more gray hair, it's one of my favorite parts about trading. It's imparting knowledge that's meaningful to other traders so they can pick things up and move on for whatever motivations they have. Some of us are, you know, for me, I am very faith based. And so I will look for places where my church is finding people that need things. Right. Right now we are doing something called Ref Refuge for women. It's to stop or help folks who help women who've been involved in, in trafficking.

[00:52:16.26] - Speaker 2
And so they, they have a great big place in Chicago. And so that's a wonderful place for me to fund and engage in. And because I have to tell you this, if your motto becomes all I want is more, you're going to be unhappy. The sense of fulfillment is a bar that you continue to raise so high that you never get to it. And at the end of the day, money fuels something. It's either our desire to feel worthwhile, our desire to give, our desire to improve the lives of others. But see, if, if our desires are there with the money that we currently have, we should be doing things then, right? I, I talked to a trader just the other day. I'm like, what do you want to do with your money? Well, I want to buy My mom a big house. And so I asked, I asked him, hey, what are you doing for your mom now? Well, nothing really. I mean, and I, I have to say this is absolutely flat out there. I said, listen, if you aren't doing at least little things for your mom now, by the time you have that money, you're not buying her a house.

[00:53:35.01] - Speaker 2
I hate to burst your bubble. Do what you can right now in your space and don't put off gratification of, well, when I make xyz, I'm gonna do, you know, give out of the space that you are in. Give to your loved ones. Maybe it's not a physical event, so you give them yourself, which is the most meaningful thing anyway. Right. So I didn't mean to go on a big psychological diatribe. I just talked to traders a lot and their motivations, they, the motivations they tell me about why they trade. I'm like, yeah, that's not really it. Let's go a little deeper. Let's ask a little, you know, because money does something for the individual. It changes their psyche for whatever reason. So you got to find out what you expect it to change to figure out what the real motivation is for why you're doing the work. And this work is hard. Patrick just told you it can be really hard work. So you've got to be very focused if you're going to make it through and not give up.

[00:54:49.23] - Speaker 3
Yeah, but, but I think if, if new traders would ask me for, for friendly advice, I would say spend every profit what you're doing maybe with top step with your trading account, not in any, not in commerce. So think about first, how you can have, how you can double the money, how, how the money can work for you again.

[00:55:18.09] - Speaker 2
Yes.

[00:55:19.12] - Speaker 3
So like reinvest.

[00:55:20.23] - Speaker 2
That's right.

[00:55:21.17] - Speaker 3
Yeah. Cash flow. So, so the first thing, what I was doing after I was homeless for three months, I was thinking like, oh, for now, I spent every penny what I have on my first move. Voltage. So, and I put the money on the table without any, any debt. Boom, it's. I own it. And with any penny, what I get from the people who live in my house, I earn money now. And I get this every single month without to do something. And this gives me so much confidence because I can now hang around with here I have, I don't know at the moment I have over 100 mortgage in Germany. So I get every, every, every month I get so much money on my bank account. And that, that's something what you're working for at the end. So you were saying spend time with your family and with your loved ones and this is something what you can do really at the end. So but first you have to build the cash flow so that you have to show up anymore in any space so that the cash can come to you and you can spend around time without any pressure.

[00:56:31.20] - Speaker 3
So I think that's, that's, that's something what I would say for any new neo trader. And don't spend in Ferraris, don't spend this in woman's. Don't spend this in mans, don't spend this in, in the family. Look first for cash flow. Build cash. If you have the cash flow you can buy for your mama, for your dad, you can buy everything and you don't lose it because it came spec the next month to you again.

[00:56:58.15] - Speaker 2
Yeah.

[00:56:59.11] - Speaker 3
And remember what on the Wall Street 2 movie when he was in the, in the, in, in the train the guy he said money is up. If you don't take so many attention to him you will lose it. And I think that that's the part how you can and brings attention to how you consume.

[00:57:22.25] - Speaker 2
How you consume is very, very important. For sure. For sure. Well gents, I know you guys have a little bit more time left together but it is my time to step aside. It was great being with you. Can't wait to do it again. Get some more live trading under our belts and talking to folks about stuff. And in the meantime thank you so much for having me on. For folks.

[00:57:46.13] - Speaker 3
Thank you.

[00:57:46.22] - Speaker 2
That are looking at these levels and watching them work. I promise you the time that you give to understanding how these levels work will be invaluable to you. They've been invaluable to me and I, I thank you guys for just putting so much time in. Look at that little man.

[00:58:09.21] - Speaker 3
Yeah but Anne Marie, so that's my, my, my five year kid. So he loves day trading also love it. And, and he will say yeah so welcome now. So he's also he. So this is something what you can do as a good father or mother if you be day trading teaches your kids. So my son is trading every day with me 30 minutes in the market but we're looking only for the candles green and red. But this is something what we're doing.

[00:58:43.02] - Speaker 2
Absolutely.

[00:58:43.22] - Speaker 3
I would say this is something what you can teach. So love it.

[00:58:48.25] - Speaker 1
Amazing and thank you Anne Marie, this was awesome. We always love you to have you so whenever we can we're gonna bring you on board here.

[00:59:01.09] - Speaker 2
Soon.

[00:59:01.28] - Speaker 3
Okay?

[00:59:02.14] - Speaker 2
Thanks so much guys. See you later.

[00:59:06.15] - Speaker 1
All right, amazing. Thank you guys. Let's see if we get any question. Patrick and I don't know if we want to spend maybe more time to go through what we're gonna start doing tomorrow. I don't know if you want to maybe share what we'll be doing tomorrow.

[00:59:25.28] - Speaker 3
Yeah. So tomorrow we take our PRO membership the the challenge from zero to get funded. So where we. Where we show you how you can use the levels how, how we. How we trade based on the levels. And I think you see it here so that the first session is the. The trading Foundation. So we speak about the trading foundation replacing trades. We are life in the market because we're getting so many questions from the people hey, how we should trade the levels. But now you have the opportunity when we be in the market me and found you to ask us any question and we want at the end. So our goal is that you become at the end a funded trader. There will be. We don't give any promise that everyone become. We can become a funded trader but we will do our best and we will teach you our full experience what we was learning and our main goal is that become that you become a funnel trader at the end. And we was doing this with Nicola from zero to a trader because he creates his own money. And now we're giving the challenge also for the pro members from zero to get funded because at the end of the day it's a good goal to have some capital where you may be not risking and take the challenge.

[01:00:55.09] - Speaker 3
So think about. So at the end you pay US$50 for a challenge like Top Step X. We're trading on Top Step X normally no, no advertising for someone but we taking the Top Step X challenge. So think about you pay US$50 maybe at the end the activation fee and then you get funded. So and then you have 50 50k where you can trade with but that's the goal. That's at the end the goal. And this is something what we want to teach you. We will teach you how you can come to this level if you're trading your own money. No worries. You would take also some benefits about this. If you want keeping a funded account then this is the right for you. If you already have funded trader then this is also the right for you. If you have interesting in to learn how to trade with Mentor Q. That's the session for you.

[01:01:53.05] - Speaker 1
Yeah, I think we lost you Patrick again.

[01:01:57.26] - Speaker 3
I'm here.

[01:01:58.23] - Speaker 1
Yeah, yeah, yeah. Awesome. So this will start tomorrow 9:30 tomorrow Wednesday and then for the next three weeks. So if you guys are interested in joining us, you can find, find all the details on our website. This will be part of our Pro membership and you will get live with us from tomorrow for the next three weeks. And also we, we do that going forward for the next few months and, and throughout the year. And then I think another, another thing to mention is obviously, uh, we will share full transparency. So you have an account that you are gonna, you're sharing with us. So this is part of our journaling here. So here through this code, you can already access the account that you're using for 2025 with all your data and all your training, all the information there as well.

[01:02:58.24] - Speaker 3
But for this week to clarify. So this week I will not trading my own private account because we have the Top Step Challenge. So this week we will focus on the Top Step account. And then after this, we're moving back to the private account. But as we know, I will post everything. No matter if you be a Pro member or not, you will get the results. I updated daily for you. And that's it.

[01:03:26.10] - Speaker 1
All right, awesome. If we have more questions here.

[01:03:40.12] - Speaker 3
And Fabio, do you know when, when we was like when we was doing live trading session in the past on the chat with Traders site? So there was always one really good feedback and, and the most important feedback from the people was he was helping me to become more patience. When I was seeing that you don't take a trades, normally I would take trades I was learning from, from you guys, the patience to wait until we're reaching some area and then take the trades not becoming fomo. And I think this is also some really big goal from the zero to get funded trader. If you be maybe a trader who have habits like you're taking too many trades or if you be getting too much FOMO or you're taking too much losses in the past, hey, stay on our track and see how we practice patients. You were seeing with mri. I was taking only two trades then when it meets my criteria, not before. And this is patience. And this is something what you can maybe also learn in the next three weeks to become more patience.

[01:04:55.17] - Speaker 1
Yeah. And maybe we'll go through it again. So from tomorrow, as part of our Pro membership, we're gonna start the top step x 50k account challenge. So we're gonna go through 3 weeks 6 session with the goal of reaching US$500 per day so that we can go through the challenge of the 3000,000 to go through the account. So we will go through all the steps of how to use the level, how to set up your risk parameters, how to prepare your trading plan, how to build your roadmap for the day and. And go through the challenge. So show you exactly what we did today with a couple of trades from Patrick today. And we're gonna do that for the next three weeks. So very excited.

[01:05:45.07] - Speaker 3
Yeah. And maybe Jeremy, you was writing. Yes, that's me thing taking too many trades, then this could be something for you. And also I think it's. It's also be the part of. To learn and understand the value from the money. Because in this challenge, I will trade only mnq. Maybe I trade only one contract. Sometimes two countries depend on the market price movements, but I give value to the little tiny money. So as I was saying before, at the moment, I was placing some trades in the practice account when we was live with Ann Marie. Because tomorrow we have the challenge tomorrow replacing the 12 trades. But maybe Fabio, you can really quick switch to my display at my stream. And in this two trades, what I'm taking was 67 west dollars. Of of course that's not big. That's a little tiny money. Maybe. But think about the US$67. As I said before, you can re replicate this every single day and maybe we can bring this to US$100 and then let's say, okay, US$100 every single day in average. So what would this meaning? So this would be meaning US$500 every, every week. This will be meaning US$2,000 as a second income.

[01:07:09.26] - Speaker 3
This would be meaning 24k in. In a year. So learn also to giving small money a meaning that you can leverage on small money and become maybe a better trader, a better life, whatever. So this is also some. Some challenge what we're doing in the three weeks to give value to the small amounts.

[01:07:35.00] - Speaker 1
Yeah, absolutely.

[01:07:40.16] - Speaker 3
So the question, will I get funded after 3000? We are not Top Step. So we're doing only the Top Step challenge. At the end, you making an agreement with Top Step. So if you sign up maybe for the Top Step challenge, it's all about Top Step. It's not about us.

[01:07:54.28] - Speaker 1
Yeah, yeah, we're not the top firm. We are just showing you how to use the data that you can leverage to then obviously be more successful. And like Anne Marie was using in the previous. In the previous hour, we would. We will show you basically how to leverage the data to become more successful and go through the challenges.

[01:08:17.11] - Speaker 3
Yeah. And for me, Fabio, it would be also really. So we have the goal to make 500 words to us every day to get funded in the three weeks. But I have, I'm also really good with this. If, if we have maybe at the moment 30 or 40 or 50 people will join us in the Pro member. Why at the moment? And they trading all life and every single person would tell me I was making maybe over US$100 and this consistently over three weeks. So then I know we was doing a really fantastic job because think about after 30 days you're building great habits and I want that we build together great habits and then you can use your great habits for your trading career for the next step in your journey.

[01:09:17.08] - Speaker 1
All right, let's see if we have more questions. If not. I know you always have the last word Patrick, so I'm gonna leave it up to you.

[01:09:27.27] - Speaker 3
No, I will have not the last word. So this is why I pass this to you. Maybe you share the people where they can sign up for the Pro membership and if they be already a mentor queue member, what is the step to join the probe. And then I'd say for the moment because I promised to myself don't have the last word, I say thank you for everyone who was joining us and now I'm passing this to you.

[01:09:52.19] - Speaker 1
Yeah, absolutely. So if you guys are new and want to join, just come here to the link that I posted and click on the Pro session. You'll be able to not only attend the live session but you'll also be able to book one on one session with Patrick. We're also going to have monthly strategy sessions and small group and all the recordings will be available for the premium that are interested please send me a message and we send you the details on how to upgrade and enjoying the sessions tomorrow. But yeah, everything is available through here within the pricing page right there. And then tomorrow the session will be then streamed within our academy. So you'll get access to the platform and you'll be able to come through the live session. We're going to have live Q and A and then you'll get access to all, all of these as well all the all the access to the platform. So here tomorrow you're going to be able to stream this live directly from this dashboard. Right. So if you have any question guys send us.

[01:11:16.14] - Speaker 3
Okay, so how you can set up a one to one session I will not showing the link now but if you be on the discord and you sign up for the Pro membership you get a welcome email. There's be the link where you can set up the one to one session. So you have you can book any single slot for me who's available. So for 20 minutes, maybe you book a call today, maybe you book a call tomorrow. So it's fair use only. So you can, you can have the one to one anytime if you want, as long as you stay under the Pro membership. And it's also posted in the Discord program. But if he's showing this now, the link, then everyone can join us. We don't want.

[01:11:58.09] - Speaker 1
Yeah, makes sense. Yeah, Greg, I think we, we sent it yesterday to everyone. So if you join, you should have received it. If not, send us an email and we'll, we'll reshare with you. No worries. All right.

[01:12:30.14] - Speaker 3
And the good thing is I think now more and more people are coming in the Pro Discord room and the Pro Channel accountability to each other. And this is something. If you be at the moment a Pro member and you listen to the stream, because this is a kickoff event for tomorrow, I'm highly recommend to everyone become accountability. And Marie was speaking about this, how important this is to become accountability. I was learning how important this is to become accountability. It's, it's not for the other ones, it's for you. But in the moment where you become accountability, you will also receive feedback from others. And this is something where you can work. And I, I can only stress this not enough. So it's, it's really, really important to become accountability. And also you can become accountability in the one to one section, you want to, to tell me what is your goal for this week and then we can speak about maybe in two weeks or one week again about your goals. But we have also the community. To become accountability is one big thing. And this is so important, guys. Become accountability.

[01:13:42.22] - Speaker 1
Absolutely. All right, awesome. So I think excited for tomorrow. I hope you guys enjoyed the session. And again thank you, Patrick for joining again and obviously thank Anne Marie as well for being here. And I think if you guys have any questions, please send us an email. Join through the website. There's a live chat on the website as well for any questions and hope to see you guys tomorrow. Bye. Ciao, Patrick.