Trade Futures and Options using the MenthorQ Levels

[00:00:06.24] - Speaker 1
Welcome back, Tim. The second session for today. Very excited to have Sherry and Patrick here. I think, Sherry, you've been a very active member since the past few months, so we're very excited to have you finally live with us. Before we introduce you, let me just go through the disclaimer very quickly. All right, so this is like really a session to showcase basically some use cases and examples. And we're gonna talk with Shari and Shari, like, I'll pass it back to you if you want to introduce yourself and maybe tell us a little bit more on your experience, how you trade. And then we're going to go into some use cases as well.

[00:01:04.13] - Speaker 2
Okay. So my name is Sheree, and I have been trading 25 years. And honestly, when I started trading, we looked up stock quotes in the newspaper that long ago. And things have changed so much since then. You know, I have a degree in finance and economics, and in trading that is basically worthless. I used to trade other people's money, and now I just trade my own. So, you know, early 2000s is when things really started to change. And then the financial crisis happened. And then after Covid, things really, really changed. And it wasn't just a function a lot of people talked about. It was a function of, oh, everyone got the Robinhood accounts and started trading. But it was really when the options market and Gamma started to really affect stock prices. So I kind of had to start all over again. And I did, and I took a couple years and I just really learned how the options market was affecting the overall market. And so the more I learned, the more I dug in, the more I looked around. And that's how I found Mentor Q. And I think it's the most accessible and easiest platform to take the extremely complex level of data and put it on lines on my chart, which is all I really care about.

[00:02:41.25] - Speaker 2
I want to know how to trade it. You do need to understand how Gamma and Delta affects things. But men are Q makes it so simple because we put the lines on the chart. So, yeah, that's why I'm here. And I really, really, really love the platform. And I use probably, yeah, I'll just say two different things of the platform in two very different ways. I trade futures and then I use all the swing level trading for my normal investment portfolio.

[00:03:17.29] - Speaker 1
Okay. And I mean, yeah, like, your story is very, very interesting. So you obviously were kind of like in a traditional finance for a long time, and then you kind of like reinvented yourself like things. I think is that's very key because if you don't, then the, the Algos will basically suck you in and then you will not be able to be successful. Right. Maybe, like if you want, and I don't know, Patrick, if you want to ask any question, feel free to jump in anytime. Could you tell us a little bit more about how you approach the futures kind of trading? Because I think that's probably your main kind of activity or day trading activity. And then what do you look for when you do like your swing trading with options and, and what is the goal for you there? So, because it's important to understand also like the time horizon, the goal and the different accounts that you manage, right?

[00:04:14.15] - Speaker 2
Yeah. So about a year ago I really started day trading and because it was just so much less stressful to be in and out in one day and I would go to bed and I don't care what the futures were doing first thing in the morning. And the way the market swings so much, it's just easier to do that. And I think everyone gets into the futures market and everyone wants to hit home runs and get that big move. And I did that in the beginning and then I learned, you know, you just have to get your piece out during the day and be done. And really with futures I trade from 3:30 to 5:30 and I turn it off. That's all I do because there's a lot of activity that happens there. And in the. As a pro member, getting to trade with Patrick has been so useful for me because I think, Patrick, you're the guy I admire the most because you have done so well. I want to be you when I grow up. But just getting your piece out, that's all there really is to do. And I have studied a lot of different strategies, looked at a bunch of different ways, but if someone just took a few weeks and just watched the screens and really you could do it just between three, I'm sorry, I'm saying my time zone, 9:30 to 11:30 New York time.

[00:05:36.26] - Speaker 2
You will see how the, the Mentor Q levels, you just have to be patient and you have to wait until you get those levels and then you go for it with stop orders and risk management and take your piece out and be done. So this morning, like this, you can see this chart, right?

[00:05:58.25] - Speaker 1
Yep.

[00:05:59.04] - Speaker 2
So now we're like really melting down. But you can see that this candle went right down there and then it went right back up. It went to this level, went back down to this level, went up to this level, went back down to this level. So taking it level to Level and getting your piece out is really the way to be consistently profitable and not trying to. I don't try to hit home runs. I did that. It didn't go well. And so now I just kind of take my piece out. I actually got long down here. I got, I got out up here and that was it for the day. So. And then you can kind of watch, if you just watch these levels, they move around between them. Goes here, goes here, this one dips down below and now we're down there. Yikes. That's NQ and that's. Yes. So really that's what I do. I mean I personally, I also also use Bookmap to watch the order flow and it's funny, on Bookmap you'll see big liquidity levels and those levels are almost always matched up with the mentor key levels because that's where the liquidity is.

[00:07:17.04] - Speaker 2
What else would be useful to say about that, Fabio?

[00:07:20.29] - Speaker 1
I would say more like, especially if you are like maybe a beginner trader. What would be. Because of course when you joined us you went through like a process of learning. I think it's important that yeah, go through the steps of like really looking at the documents, looking at the videos and then of course once you learn then obviously that's when you then become actionable. So I would say what's your advice for people that maybe are joining or are new to the trading or the futures world to be successful?

[00:07:52.18] - Speaker 2
Yeah, so I, when I joined, you know, I did my. Isn't there like my. Was it like a week trial or something like that? I joined and I spent the entire weekend watching the videos because I've. You're platform is so robust rust in education. And I watched all of the videos to figure out how it works and what to do with it. And then of course it's really helpful to watch it because once you see us hit the one day min and bounce off it 12 times, it boosts your level of confidence that these levels are going to hold. Obviously you have to use your own risk management and stop levels but all of that that you're looking at, all of that stuff is so useful. How to use the blind spots, how to use the levels. Everything that you need to know as a new person is in the education, it's there. And I strongly suggest people watch as many of those as they can. And I watched all the videos Patrick did because that really helped me understand how, how the men Q levels related to futures trading.

[00:09:06.12] - Speaker 1
Yeah, yeah, we have a lot. We have about. I think I Was counting the videos. We have about 500 hours of videos.

[00:09:14.12] - Speaker 2
So I didn't do 500 but I bet I did 50 for sure.

[00:09:19.20] - Speaker 1
But basically yeah, there's a lot of information there here. You can filter it based on things that you're interested in. So if you're looking at futures, we have a section for that. If you are an advanced trader, then you can have access to that. If you want to learn about our products, we're going to talk about swing trading and gamma levels. We have basically a course right here and I'll just paste it in in the chat where you can learn how to use the string levels. So if you want to like just be a swing trader, you can also use the levels and then Sherry, maybe you can tell us how, how you use it and if that has been successful for you. But yeah, absolutely. And then we also have live sessions.

[00:10:01.29] - Speaker 2
So can you post, can you post for them the session you did when you first did the back tests on?

[00:10:11.29] - Speaker 1
Yeah, it's all available there. So if you. I pasted the link there of the swing level. So let me go back one second. And you can also come here and type swing. So if you click on, if you guys click on the course and you go into the bottom right there where it says backtesting, we have three videos that we did October. I think the one during earning is the one that you are referring to. And all the back testing results are also available within our guides. So if you want to learn how, you know, how do the string level perform during earnings and stuff like that, you can come back to the account, go under guides. And now we have a section here under quant strategies where you have basically the, the backtesting right there.

[00:11:17.18] - Speaker 2
So when I watched that webinar where you did that back testing, I was astounded by how the swing levels worked. And so I mean you used how many stocks did you use the crazy amount, was it 800 or something like that?

[00:11:35.16] - Speaker 1
Yeah, so we did the two actually we have the one, the latest one we use about 800 and so the February one, if you click on this.

[00:11:44.01] - Speaker 3
One.

[00:11:46.01] - Speaker 1
We use 865 stocks. So this is like our old coverage here we show you the results. So you have the video. You can also download the file with all the stocks and here is kind of like the results. So the idea is really you can use them in two ways. One as a long, short, kind of like data set or two is like by using an option strategy. So like by selling premium basically.

[00:12:15.27] - Speaker 2
So I personally did a Couple things I like to trade mag 7 just because there's more options activity than anything else. And it's what I know. So to keep it really simple, I, I went in and I, the first time I tried it, I actually just bought the stocks or, or sold the stocks. When I did it, I think everything was in bullish territory. So I bought most of them and the indices and I bought them on Monday at the open and I closed them on Friday. And I think the first time I had an a hundred percent win rate. But you know, the amount that I was using, I figured, hey, I could get more leverage doing that because the options just give you more leverage to do that. Yeah. So like you had like a 5.1% return. Right. And it was higher on for the options just because there was more convexity. Right. So the thing that I did find though Fabio, was to use spreads for only a week. Because I was using the five day model, I wasn't getting enough premium. I would on some, you know, on the stocks that have a high iv, I could get enough premium to do the put spreads or the call spreads.

[00:13:31.18] - Speaker 2
And so it worked, right? Like the swing model worked. But I thought, okay, there's gotta be another way to even get more out of this, right? So what I actually did was I started just using short strangles. So you told me later that what I'm supposed to do is like, okay, so for Tesla here, because there's a lower bound means that it's bullish. So what I should only do is sell puts. Right. But I thought I would get very fancy and I would sell calls at the risk trigger and sell puts at the lower bound. Now the first time that I did it, they all worked except for Apple. And that was the week that Apple went completely crazy and it went over the risk trigger. And so what I did is I just rolled it out to the next week and then that one worked out as well. Yeah, so that takes, there's a lot more risk involved when you sell short strangles. So it's not for, it's not really for small accounts. It's much better if you would use put put spreads or call spreads, just vertical spreads and you use the direction that it's not going.

[00:14:51.27] - Speaker 2
So if you're, if it's bullish then you're going to put a call spread on and if it's bearish, you would do the other way around. So I also learned that sometimes we have crazy weeks, like the last couple weeks, I mean the market hasn't gone down for seven days in a row and you know, for months. And what I found is that it was better to go farther out. So I, on I, on Sunday nights I pull up the models and I pull up the five day and I pull up the 20 day. And so lately what I've been doing is using the 20 day and using spreads on the 20 day because if you use the 20 day you can get more premium because you have a longer time out and you also have time, I mean times on your side. Instead of having a crazy week like last week, you're going to be okay because you have some more time for it to work out. So literally everything ended up working out Friday at the close with that 100 point move. But you know, I still have some on that are for this Friday, but they're all, they're all fine.

[00:16:08.10] - Speaker 2
So yeah, there's a couple, there's a. So many different ways that you can use the swing model. You can use it to buy positions, you can do it to sell, put, sell calls, you could use it to put spreads on. But and then the other thing that I do is I take the, the trading view and I draw a rectangle in the area in which it has to stay for me to be 100% profitable. And when it moves out of there, you know, you can find ways that you can hedge it. So if you have a short strangle, like I had short puts and when they started to get down to those lower bound levels, I just bought a call because then you're hedged out completely. So then you manage your risk. So there's a lot of ways to manage your risk to do that. But I have found I've been doing it since. I think your first one came out in October, right? Maybe since November.

[00:17:06.17] - Speaker 1
Yeah, I think it was October. October, yeah, around, yeah. And then came out in July. But then, yeah, October is when we started really having a lot of like backtesting data.

[00:17:17.22] - Speaker 2
And yeah, I think that's when I really started to be able to use it. And you know, I think I'm well over 90% win rate.

[00:17:29.17] - Speaker 1
Nice.

[00:17:30.18] - Speaker 2
Yeah, so it makes it, it makes it easier. So like I said, when I started in this business, you, you bought a good company. You know, my grandma bought stock in Walmart because my uncle started working there. But that's not the way it works anymore. You know, you can't just buy a good company or this is going to happen. You know, it doesn't really, I just don't even pay attention to that anymore. So I need to know where the levels are, what people are doing, where the options positions are. And then it's. It's magical. It's really magical how they just stay within that range or they'll bounce right off of put support. They'll bounce right off of call resistance. One thing that I have found is that it's really important to know which regime we're in. Are we in a bullish regime or a bearish regime? Because when we're strongly bullish, I will not short nqres because you'll just get your face ripped off. Right. And call resistance rarely holds all the time. When you're in a bullish regime, it's just harder. I have also found footwall almost always holds or put support almost always holds.

[00:18:42.07] - Speaker 2
It's just. Because that's just the way the market is. Right. Doesn't the equities go up 70 of the time?

[00:18:47.11] - Speaker 3
You know, Sherry, can you, can you replay this for the people who listen to us? Because I think it's really important to know for the people. So what you observe, and this is a good insight, it's a golden nugget. When we have the bullish regime, when we have the bearish regime, how call resistance, how put support reacting? Because I think if people learn and observe mentor Q more and more and more, they can build a really nice playbook, like the information what you give us. This is really cool. Maybe you can say this again so that the people take really close attention to this because this is really important to know and what Chevy was sharing, you should not miss this.

[00:19:38.26] - Speaker 2
So, you know, and I found this out the hard way, Patrick, you know.

[00:19:43.10] - Speaker 3
Yeah, exactly. You paid the price.

[00:19:45.29] - Speaker 2
Yeah, I did. I paid the price. Because when you sell a call at the call wall and we're in a straight, strongly bullish regime, the call wall keeps going up, you know, And I have found. And so usually in the day, you know, the menu levels do hold it. It held this morning. Right. But when you're in a very bullish regime, stay away from the call wall. I mean, it's a good place to day trade. Right. But what I did on Apple, for instance, the call was at 250 forever, right. Or was it? I have to go back and look. Yeah, no, it was at 240 for a long time. And so I, you know, I sold calls and then it went straight up. So. But we were in a very bullish regime. That's what it should do. And we're. And you know, Patrick, I can't say, like we haven't been, I mean, I guess we're nearing a bearish regime right now. We're in a. We're short term bearish. Right. But I have found that the put support keeps holding. But I. So I have more confidence in put support than I do in the call wall because things are normally, normally bullish.

[00:21:06.14] - Speaker 2
Right. And it can move way past that point. But the thing with put support that's so important to understand is that if there's a lot of puts there when it gets there and people close their puts, that's when you. It will squeeze hard like it did on Friday. Right. So I don't know, I just.

[00:21:26.15] - Speaker 1
And also I think it's important to understand what the, you know, what the cold wall or call resistance represents. Because no, it can be definitely a resistance, but when we are, as you mentioned, in a bullish environment, it could act as an inflection point because people might think that the price could go higher so they're not closing their options and therefore they could trigger kind of like similar to what happened with GameStop back in 2021, you know, when everybody was holding their cold position and you know, the market makers were just buying, buying the underlying. And then you had these gamma squeezes. So.

[00:22:02.02] - Speaker 2
Right. And Patrick really taught me that in the, in the pros. In one of the pro sessions, you know, we, and I don't remember what day it was, Patrick, but you said, you know, if we get be above that and it holds above that, it'll squeeze. And it did.

[00:22:19.14] - Speaker 3
Yeah. So, so that's, that's the good thing. So on the pro session, so we can, we can talk openly about our strategies. So, and every, every session, what we have on Tuesday and Wednesday, we have open mic and we share our ideas. So, so like for example, last Tuesday, I told the people, hey, it's a really good opportunity to go long on the market because the one day min were holding strong. I have a strong confidence in this because all the days before, the one day min was holding really, really strong. And regarding the pullback to the upside and we can make really good profit. And it was exactly like this. Everyone was calling me, are you crazy? Why are you going long? When the market sell off, I say no, no way. This it will be hold. I will. Trust me, I have confidence. And this is the cool thing. So when we work together, we share all our ideas. So like what, what you observe, what I observe, what maybe Barlow observe, what maybe other people, other members observe. And then we can connect all the dots because sometimes we, we have some Missing puzzle.

[00:23:31.26] - Speaker 2
Yeah.

[00:23:32.10] - Speaker 3
So I have a good idea. I have a good understanding, but there's maybe some missing puzzle on my strategy. And this is the good thing. And this is why I'm loving this so much to work with you and to share the ideas together with all of you. So that. That's amazing.

[00:23:48.03] - Speaker 2
Right? And a couple times we've been on those sessions and you know, Jordan will say, hey, this just happened. And you and I had missed that. Right. And so, yes, it either helped us exit a strat, exit a position or consider going into a position because of that. And it was something like, I don't know, it was something that happened with the vix. Remember the VIX hit put support. Jordan said that we all looked. Oh, yeah. And I. And you. And I hadn't noticed that. So it's. I love those sessions. I love those sessions.

[00:24:21.17] - Speaker 3
Yeah. Because I was telling all the time, the people think about what is the big advantage of the real prop desk traders and not the prop firms, but what you call most of the time as a prop firm. So as a real prop desk, like where they're based in Chicago, we're based in New York. All the big ones, everyone can name it. They sitting together. They are big floor. They sharing his trading ideas, they're sharing what they see, they're sharing his levels, what they map out, what they find really interesting. And this is something what you miss if you're trading alone. Because if you're trading as a team, you have maybe 10 eyes at the moment. Someone is watching the weeks like Sean. Someone is watching gold, someone is watching nq. Someone is watching crude oil. And then we can shut out each other some opportunities. Or someone is watching the news. I say, hey, man, Trump was posting something attention. So be careful. Don't go it, don't go in. So wait a minute. And this is the cool thing. And I was really liking this because before we, before we were starting the procession, I have the good thing that I can reach out to Fabio anytime.

[00:25:44.12] - Speaker 3
Not anytime, of course, overnight not. But most of the time, anytime. And we were sharing some ideas. So what I was seeing and I get feedback from him. And this is something where I was saying, hey, this is exactly the point what the people missing that they can talk to each other. The teamwork, it makes a big difference. If you be in the community and you're writing something, sometimes bullshit. But if you be live in a room, face to face, like what we are doing now, this is completely different.

[00:26:17.14] - Speaker 2
Yeah.

[00:26:17.29] - Speaker 3
And this is something what makes it so special.

[00:26:22.01] - Speaker 2
Yeah. I love it.

[00:26:24.01] - Speaker 1
And maybe Patrick, do you want to maybe say what the PRO membership is what we do and why did we start it? Because I think it's, it's also very important. Like, because the challenge like when we started Mentor queue, the goal is to bring data in an actionable way like Sherry mentioned, right. But then of course you have community part, right. So there's people that are sitting at a desk that are feeling alone because it's not only having access to the data but it's also being able to share ideas like you mentioned. So I think like maybe, maybe sharing like what we do in the, in the procession and maybe even sharing your feedback. Sherry, from the time you.

[00:27:11.25] - Speaker 3
So okay, so the, the main idea is you know, you want, you want to be in a group of like minded traders. Everyone will be have having like minded traders on your site. Correct. So to share ideas, to speak about him. How was the trading week to become accountability? If you mess up with your psychology that you have maybe some trade body who can help you to figure out some issues. And this was the main idea. So basically every Monday we have a weekly roundtable where everyone from the PRO members will meet each other. The sessions will be not recorded. It's completely staying in the group what we talk and stay there. You have the ability to share your trades. You can share your stats, you can share your trading ideas, you can share what, what is at the moment on your mind. So maybe what holding you back? What input do you need maybe from the group? So think about, you have maybe, I don't know, some psychology issue. You blow up your trade funded account every time if you get funded, boom, you blow up and then you start again because maybe you take it not seriously and then that's maybe some issue for you and you won't fix this.

[00:28:42.11] - Speaker 3
Then you need some trading partners who may be having the same issue, but they was fixing this. And then they can guide you and help you as buddy, as friend or friendly advice what they did, how they going through the process so that you don't have to go this, you know, think about it every time when you maybe for example blow up your trading challenge, you lose time, you lose money, maybe you lose your future payout also. So it's hard maybe not the money for you, but the time what you waste. So only for a sample. So and also if you need feedback from a group, you have a really good trading idea, you're developing some playbook. Okay, let's talk about this. And then you get the input from Fabio from Sherry from me, maybe from some other people who are there. And most of the time we are really small group. It's not big. We are 20, 20 people, 10 people, sometimes five. So it's a really family group of like minded people. And then on Tuesday, on Wednesday we have our live trading sessions where I will trade life in front of you.

[00:30:01.06] - Speaker 3
But it's not only that I be your clown. So you are not in the cinema. Yeah, correctly, you don't watch TV. Because I hate this. If I'm watching on YouTube some guy who trading live or there's some trading show, I hate this because this is only education. This is only some clowns on the front and they will present something to you. I love this to have this interactive because there's some point what I really miss on any trading sessions, maybe on YouTube, maybe on other channels. You cannot speak with the guys and you cannot speak with other trader who following also the trading session. And this is why we have open mic. So we have always an open mic so that anybody can speak to anybody. We can share our ideas, we can shut out. But of course if we be in the trades we are be calm. So we practice patience. And if somebody is seeing something, he can shut out this but with respect, respect to your follow trader that you don't presenting bullshit, you're presenting what you've seen. Because why is the pro membership some extra fee? Because we want only people who take it seriously.

[00:31:25.19] - Speaker 3
That's only some commitment for you. Don't take it like as I pay now a monthly price. No, this is a commitment because we want only like minded people so that we can grow as a team and that we can trust each other. Because at the end we are a small group, we are a small family, we are a small gang and we love to trade together. And this becomes and really good habit to to work together and stay together. Maybe with Sherry, with Fabio, with all the other ones, with Ahmed, with Barlow. That's family for now. And this is the cool thing and this is the process.

[00:32:11.05] - Speaker 2
But you know what Patrick?

[00:32:12.28] - Speaker 3
Yeah, let's go.

[00:32:14.16] - Speaker 2
Here's the way I sorted it out. Okay. So.

[00:32:17.10] - Speaker 3
Okay, let's go.

[00:32:18.26] - Speaker 2
I was looking at the 350amonth. I wasn't getting this like good deal. I'm like 350amonth. Any other pro trader that I have hired as a coach was at least $300 an hour. I get you Patrick. Who's the best trader I've ever seen. Five hours a week that I get to talk directly to you and I Did the math on that. That's really, really cheap coaching.

[00:32:45.15] - Speaker 3
You know, we have to rise this Fabio, make the notice.

[00:32:52.07] - Speaker 2
And anybody who wants to be good at anything can use a coach, right? Professional athletes have a coach. So.

[00:32:59.12] - Speaker 1
And I think. I think Sherry, like, I mean, we saw it last week, right, when Patrick was going long at the bottom. I was like, it's either a genius or it's crazy. I was like. I was like, looking as I'm, wow, this is like either like a genius move or, Or. Or he's a crazy move. But you get the experience of somebody. And when we started working together, Patrick, like, I think I've never met anyone that has been as successful, not even in the institutional world. So I work with a lot of traders. And when I see your approach, I was like, this is just really incredible because it's so simple. You know, it's like you keep it very simple, and you. You are very successful with the tools that you use, but you don't. You don't overuse things. And you are very direct, which is amazing as well. So.

[00:33:55.20] - Speaker 3
Yeah, but. But, you know, sometimes people. How I can tell this, sometimes people want consistent, some consistency. Yeah. And this is something what I'm not. What I'm not can offer you. Because my trading approach, maybe on Tuesday, I trading different than on Wednesday. And here's why. Because my mind is working 24 hours. Sometimes I see something on the shot and I have an idea, and I think, wow, why I was not not getting before on this. And then maybe Shelby is shutting out something. She say, hey, look at this. Bearish sentiment, bullish sentiment. I say, well, wait a minute. Maybe I was losing before US$500. A thousand US dollars, always. Now I have to change something. And then I come back in the next trading session and say, okay, what I was saying before, I will not do this. Now I have a next plan because we growing every single day as a trader, and this is something why I love trading, because we grow. What I say maybe for two weeks. What I say for six weeks. What I say for two months. This is bullshit for now. This is what I'm saying now.

[00:35:10.01] - Speaker 3
For today. This is how I be growing as a trader. How I be Patrick the trader. And tomorrow I'd be a new person if I came to the floor, because maybe I was seeing something new. I was looking into my trading journal. I was seeing something. I was talking with you, Fabio. I was talking with some other institutional trainers. I get some other information. I see something, and then I changed completely. And this Is good. And this is what I want also from from the pro group. I want that you not be consistency on your trading style. I want that you grow as a trader, grow with profits, grow as a person and not die. And this is so powerful. And if you understand this, then you will never be confused what I'm doing. So there's most of the time, Fabio, people get confused what I'm doing. Hey, Patrick, why are you taking now five contracts? Why are you taking one contract? Why are you trading today Es? Because you was trading always in tune. But maybe I get some idea on es. I will test this out now. Let's go. Or Chevy is telling me, hey, Patrick, go long on gold.

[00:36:20.23] - Speaker 3
I never was doing trading gold. Holy shit. But let's go. It's fun because maybe I'm losing some money like I was losing US$500 by the way on this trade. But I see it's not as losing because I was learning something. I have something to backtest. Okay. How was my entry? Was this the right time? Was this more just for fun? But what I can get from the 500 US dollar loss, by the way, I was bringing this back. Of course it was more just for fun to to get some learning experience. And this is something what people should be understand. You should be grow as a trader every single day. Every single day. Because why you should be grow because the market is not the same. What is what? What the market is today. Tomorrow you will see a complete different market like today. And why you as a trader should not change. Why the market should can only change. But not you. Maybe you have a playbook that's perfect, but you have to be changed as a trader. Also how you approach to market, how your risk management, your entries, your exit, everything. You should be adapters any single day and change your strategies.

[00:37:37.09] - Speaker 3
It's not strategy hopping at the end. You have a framework. It's always the same. But to be all of yourself, to get better every single day and outwork yourself perfect. This is something what I'm doing and this is something what I want. From the pronouns outwork yourself every single day.

[00:37:59.21] - Speaker 2
Fabio, put my screen back on. Look at that. One day, men. Boom.

[00:38:10.10] - Speaker 3
Nice.

[00:38:12.12] - Speaker 2
You know, and even if you are just going to scalp that right? I would have taken it if I wasn't on this call. I would have taken that and I would have gotten out of some at BL5 blind spot. Five.

[00:38:27.27] - Speaker 1
Yeah.

[00:38:28.21] - Speaker 2
Brilliant.

[00:38:30.04] - Speaker 1
Yeah, Yeah. I think the other important part is that trading can become kind of like a skill that you have. It's like when you learn how to do anything, when you learn how to ski or when you learn is this is a skill that you can keep for, for life once you learn the best practices. So when we go in the pro group, the goal is not to help you make more money, it's to actually help you to teach you a skills that you can then reuse. Because the biggest problem is that a lot of people want profit fast but they don't want to invest in the learning part.

[00:39:05.13] - Speaker 2
Right.

[00:39:05.23] - Speaker 1
Which is also a mistake because then that means that you are tied to a data set or a person to be able to bring the money home instead of relying on yourself. So I think that's the other very important part.

[00:39:19.25] - Speaker 2
Yeah, absolutely.

[00:39:22.10] - Speaker 3
Yeah. If you want a signal group, don't, don't join us because you will, you will receive a refund at hand. If you want, if you want to stay with like minded people, that's that, that's your group. And I see the, the monthly payment or the yearly payment as an investment. See this as a commitment and to be there with like minded people. Of course. And also you have access to everyone. You can, you can send me a message, I will respond. There's absolutely free for everything.

[00:40:11.22] - Speaker 1
Let's see if we get.

[00:40:12.19] - Speaker 3
Yeah. So Ahmed is, Ahmed is writing in the comment. True. It's, it's really like a family. Yeah. Thank you. Ahmed and Ahmed. We know us like I don't know, maybe more than a month, maybe a month. I, I don't know. But in the moment where you say it's truly like a family and, and we are know only one month, this is something meaningful. And I know you a little bit better, Ahmed. You know me a little bit better and trust me, if we're working one year together, we know each other like, like crazy. It's the same like me and Barlow, we working three years together. I know exactly what Barlow is doing and Barlow is exactly knowing what I'm doing. And this is the powerful because you can open to someone and this guy or this woman or whatever, this member can help you so, so big because he can really speak to you. And this is something what you can trust because he know you as a trader. And one of the biggest problem is find really traders where you can trust, where you can build friendship with where you know, I can go in any, in any community.

[00:41:31.14] - Speaker 3
I have friends that I can chat with them but I was never speaking with them. Maybe for one month on camera on something like this because they hiding herself. I have no idea what the Guys are of course, so. And in this moment it becomes more seriously, it becomes more private, it becomes more respectful. And then you, you get more open and this is really what it is.

[00:41:59.20] - Speaker 1
Yeah.

[00:42:00.02] - Speaker 2
You know, I think Patrick, we're, right now, all of us are just alone in front of screens. You know, we really are. Most people work from their home. I mean if they're in an office and they're working with other people. But most of us are just people who are in front of our screens by ourselves all day. It's really nice to have that community to be able to talk to. And like you said, it's not a signal group because signals don't work. I, I've been part of groups that they tell you what to do that doesn't work. You have to learn why you're doing it and, and how to do it yourself, you know, which is very different. And then you grow as a trader.

[00:42:43.09] - Speaker 3
But, but this is something what you can only understand if you be going through some pain. If you as a trader was going through some pain, you will appreciate what you get in the pro community. Because if you be alone, then you bullshit yourself. You're giving your pressure. You sick. You, you, I don't know you, you, you, you are near to giving up or something like this because you have no one to speak with. This is why we have the monthly, the Monday roundtable, because this is our room where we can speak to each other, where we can say, hey man, this week was not, not the best week. I was blowing up completely. Everything like what I have, this is what I was doing. And then you get some feedback from some other people or maybe you was doing really great and then everyone can learn from you, but you can share this only with people who you trust. So at the end it's really a private room with trustful people, with like minded people. So this is why there's the commission where you have to give. So this is the entropy. This is what I'm thinking.

[00:44:07.23] - Speaker 2
Yeah, I'm with you. That's amazing. It's, it fascinates me watching these levels fascinates me every day.

[00:44:22.24] - Speaker 1
Nice. And Shari, what's the like since you've been in the program, what's the biggest thing that you have learned or taken away? Because of course you are very experienced. You have been trading or investing for 25 years. But I think there's a lot of things that you bring home. I think when we speak, every time we have a session.

[00:44:46.23] - Speaker 2
Yeah, well, it, you know, and it's what you just Said I. I was an investor before, but I feel like the environment is now a trader's environment. Do you know what I'm saying? Because, I mean, if you're, you know, own spies, well, you're down this year. You know what I mean? And it's not like we're trying to reach a benchmark. You know, I want to make significant money for my family, and I have found that trading is the way to do that. And so you're asking me from the pro group, like, what do I. What I take home?

[00:45:25.25] - Speaker 1
What, like, for example, what's the most important or innovative things that you've learned since. Since we've done these sessions?

[00:45:36.21] - Speaker 2
I've learned. So I've learned so much from. There's another trader called Jordan. I always learned. I always learned from him. So here's. And here's the thing. Like, I've always traded my own money, and I never really traded these prop firm things. And so I learned how to do it. And then, you know, the other day I was doing yoga and I was in like the meditation part, and I think, well, this is silly. I know. I absolutely know for sure, Fabio, that I could make a hundred and fifty dollars with like a little tiny bit of risk every day. I know I could do that easy. And I'm like, okay, well, why don't I do one of those trade copier things? I didn't even. I've heard people talk about it, but I didn't even know what it was. So I asked someone in the group, and he told me where to get it and how to do it and help me set it up. And I set it up. And so that's what I'm doing. So, you know, if I make 150 in one trade, but I copied it to five accounts, and then, you know, I'm like testing it out and it works, you know, like, I'll just add more.

[00:46:39.20] - Speaker 2
And it. That was something that I had never even. I didn't even know how to do, you know, So I got that from the group. And then with Patrick, you know, Patrick is really, really good at. He has, like a different point of view about the markets because he said something one day. He said, think about, you know, how much does so. And so make an hour? And he said, look, I just made, you know, 500 bucks in an hour. And I. And it kind of changed the way that I. That I think about it. So, you know, 150 bucks isn't a lot of money, but if you make $300 a day, that's $75,000 a year. That's a lot of money. You know, and so it's kind of Patrick, like changed the way that I think about that. Where. Okay, so I, I'm literally playing. This is a game for me. A game, I have one game where I make $150 in five accounts every day. Do you know what that adds up to? Like, could be like $12,000 a month. So that's a game I play. And then I, you know, then Patrick and I talked about, he made up this thing called the cappuccino trade, where it's a trade that, you know, that you're on the right side and you're just gonna let it, you're gonna let it go, you're not gonna micromanage it.

[00:48:00.11] - Speaker 2
You know, so there's so many different things that, that you can do and not, not. I think so many people focus on, I'm gonna get that home run and then the home run trade stops out. And then they work so hard to recover their losses and then they dig their hole bigger. And you know, so many futures traders have been there and.

[00:48:22.24] - Speaker 3
But Sherry, Sherry, can I, can I add something to this?

[00:48:26.15] - Speaker 2
Of course.

[00:48:28.20] - Speaker 3
Do you know what I'm missing most of the time from, from the people? Because we're speaking about trader and we're speaking about investor. And I think the right word is we are all portfolio managers. So we have a portfolio. And if you're acting like a portfolio manager, you won't scale up. And the good thing is if you be in consistency, trader with profits and you're able to make some money. We don't speak about how big money you make. Make some money at the end of the month you having profits where you can work with. So if you be able to do this in the trading world, as portfolio manager, you have unlimited opportunities. So first, as portfolio manager, you can work with investors. You can work for other people money maybe as selling your, your trading signals to other people that they can copy you because you don't need a license with this. You can do this. There are some ways where you can do checkout Collective 2, you can do this with Collective 2, for example. Then what you can do next, you can work for problems like top step, like my funded futures, like call it whatever you want, I will make him.

[00:49:58.04] - Speaker 3
I will not make any advertising. We're only giving you some examples so you can have income from them. Then you can trade your own money. Perfect. This is what pay your bills at the end. And, and also then you can Go to real prop desk. You can take a trial on a real prop desk where they will fund you with unlimited capital. If you could, you get the education, you get everything. And then you have really big, big stuff. And at the end, if you're really good like this, maybe you can have a live trading room where you can, where other people can look over your shoulder what you're doing and you get a next income. That's amazing. That's crazy. And this is something what you can do as a trader, as investor, but let's call this portfolio manager. Yes, at the end I see more the time as your portfolio. What can you do with your time? And how much worth is your time? We want that my hour is not worth any more US$50 or €15, wherever you have. So in Germany, we have the discussion about €15 per hour as hourly income minimum.

[00:51:11.00] - Speaker 3
Holy shit. That's fucking crazy. That's nothing. You can live, you can die, but it stands nothing. And now think about you being portfolio manager. Your time is your portfolio, your lifetime. How you can scale up your lifetime value. All right, so I'd be good in trading. I check out this, I check out this, I check out this, I check out this. And then I scale up. Boom. And then I come to tipping point where we explode. Then boom. You'll be in the position where you can make 1002-003004-00500 each hour. And that's the crazy thing. And this is why we all love trading. But people don't get it. They stick in his cycle. It's crazy. If you be in prop from trader and you're successful, holy shit. Look for some other stuff. Look how you can trade for other people's money as a signal. One man, you, it's so amazing, like what you did, you was trading your own money. You'll be successful with this. Holy. Use the platforms, scale, scale with your time, with your value. There's no other business where you can do this like this. It's crazy.

[00:52:31.11] - Speaker 1
And, and the other thing I think is fine. No. So I mean, look at you, Sherry. You are trading two hours a day. You have freedom for your family. You have, you go to yoga in the morning. So you can, you can do that. And then obviously you obviously very disciplined in the training time that you dedicate. But you don't need to work eight hours in trading. You can do results in like an hour, two hours max.

[00:52:56.14] - Speaker 2
I mean, I will say, like took me time invested to learn, right? And I'm in front of the screens, but then I got to a point where, you know, I was tracking all of my trades and monitoring it and I realized I was most profitable between 9:30 and 11:30. So I only trade that, you know, and I don't care if I'm like. Patrick also always says there's always another trade, right? There's another trade. There's always going to be another trade. Right. And I, before I thought, oh, I'm gonna miss something. No, I'm, I'm fine.

[00:53:33.05] - Speaker 3
But Chevy, there's also some point what the people miss. And, and if I be really honest to all the people, and I was saying this in the program, I have no, no morning prep. I, I give a. I open my, my trading desk and, and I'm starting. The levels are there. And then let, let's look into this for one minute and then let's go. I don't map out everything.

[00:53:58.17] - Speaker 2
Like I'm gonna start at like, you know, 9:25 because I don't have to put my levels in tradingview anymore. They're all there.

[00:54:06.29] - Speaker 3
Yeah. So 9:25, I'm start and then I'm open the chart and. Okay, let's go, let's go. Because at the end you know exactly how everything works out. And, and there's the part what people missing. And I'd be 100% sure if you focus only on one or maximum two assess, then you become more successful. Because my focus is 99 only on NQ only. And I know exactly how the NQ works. Where we are, where are the support and resistance. Everything is in my mind. And I know exactly if this news came out, what, what could be happen if, if Nvidia do something, if Tesla do something, I know exactly what's going on and I know exactly where I have to look for. But if I'm switching from NASDAQ to Russell to crude to gold to Forex to Bitcoin. Holy shit. That's taking so much time. So if you focus only on one thing, you can become an expert in this and boom, you know exactly where you should be go in and where you should be not going out. And maybe you can make in only one hour, 200, 300 US dollars and that's it. You start your, your trading desk for one hour sitting there, you know exactly how the NQ is working.

[00:55:30.16] - Speaker 3
Boom, boom, boom. Placing your trades. Maybe you need only one trade, maybe you need five trades because there was some losing trades where you have to be figure out, you have to be come back. And then most of the time after one hour, two Hours, you're done and you was making a good day. And then you have your lifetime.

[00:55:50.13] - Speaker 2
Yeah. You have a life. I was even saying that to Fabio the other day. You know, I want to have a life too. You know, I just don't really want to sit in front of the screens all day. So I figured out a strategy where I can be done, you know, by 11:30 and then I can go play poker.

[00:56:14.20] - Speaker 3
So since I'd be in Germany for a while now, I love horses, so I get, I get the love to horses, so I learn how to ride horses. So. And this is something, and this is something what I never could be do if I be sitting on my shot 9 to 5, also 9 to 5 on my shot and analyze everything. No, if I was making my money, I, I'm, I'm good. Today I was doing today only one single trade, US$1,000 and in one account, but for sure they are copied to some different accounts so that at the end I was making enough money for it for today. But only one single trade. That's it.

[00:56:57.07] - Speaker 2
Well, look at that.

[00:56:57.25] - Speaker 3
And it cost me only 30 minutes watching my screen.

[00:57:00.14] - Speaker 2
I wasn't, I. This is not my trading time, but I wasn't going to miss taking something off put support. So right now I'm up twelve hundred dollars. And I would not have took that trade if I wasn't on this call, Patrick. But look at that. Look at that. Brilliant.

[00:57:17.17] - Speaker 3
Yeah.

[00:57:18.15] - Speaker 1
Nice.

[00:57:22.15] - Speaker 3
Yeah. And today I was picking up my, my kids from the kindergarten. Normally I have no time for this because I'm sitting there, I'm watching my shot. No, everything is fine. Everything is good. Making the trade. That's it.

[00:57:34.23] - Speaker 2
Yeah.

[00:57:35.05] - Speaker 3
And that's the cool thing also on the program, if he was making our trade, then we can share our thoughts because Cherry was doing his trade, I was doing my trade. Everyone was locking in the profits. And most of the time, what happens if you're sitting on the shots, the market catch you and you're taking a trade where you say, fuck, I'm a stupid idiot. Why I was doing this. And this is something what protects you also. And this is one part why I'm laughing this, because in the moment where I'm speaking to you, I'm not sitting on the desk or watching something because everything is fine. I get not nervous and it's good.

[00:58:18.26] - Speaker 1
Yeah, this was a great, great trade, actually.

[00:58:24.24] - Speaker 2
It was a great trade.

[00:58:27.16] - Speaker 3
Yeah. And the question we get, why copy a trade to multiple accounts versus sizing it up at one? Okay, Sida, I like your Question and I will help you. So first things first. So if you copy some trades then your emotion will be not hitting you so fast. Think about if you can size up. Maybe you trade 10 contracts but you see how your P and L is rising and you at your sample taste your trades. But if you trade only one contract for example and copy this 10 times to 10 different accounts, sub accounts and then you get be more calm because your P L is not rising so fast and you can manage this for. So this makes something with your. With your emotion. So that's number one and the number two is we were speaking about how you can scale up your business as portfolio manager. So basically I take only one trade. But this only one trade. Paste me in my private account. I was copied this to some Proxim accounts. I was copied this for investors and so on. So I get, I get good profits and a prop from live account.

[00:59:54.29] - Speaker 3
I I was making my investors happy. They pay me for this. That's getting my signals. Everything is good and, and I get more than thousand US dollars. That's crazy. Or not. So this is the, the point of leveraging.

[01:00:10.26] - Speaker 2
I'll add that there. I have one strategy that is very good strategy but it's a scalping scratch strategy and also to manage my risk, right. I put five MNQs on and I know like with this scalping thing I can make it's 150 bucks but it's very, very, very minimal risk. So could I do it with many contracts? Yes, but I take on too much risk for myself. So by copying this 150 trade it just always ends up about like that because of what the ATR is on on nq I no stress. I'm not taking on too much risk and yeah it's just easier for me to do that psychologically.

[01:00:58.18] - Speaker 3
Yes, that's the big part. It's. It's all about psychology. You think about from you was asking the question how often this happened that you oversizing and you mismanage your trading position because of oversizing. Because you get emotional. You know exactly the position is good and everything is good. But. But you, you mismanage this and then you're taking your profits too early or you're taking your losses too early. What. What else? And then two minutes later you see oh, look at this. I know it exactly how good is the trade? But because of the piano, because of the oversizing you get emotional. You're getting detached from your, from your main idea. And with copy trades because of course there's also some Risk there's not only good stuff on copy trades. For example, if you, if you start oversizing and you copy trades, man, it could be worst case for you. You blow up not only one account, you blow up 10, 20 accounts and the wrestlers get pissed. Prop firms, you lose their account. It's, it's highly disciplined. If you're not disciplined, this is nothing for you. It's not the holy grail. So if you're not disciplined, it doesn't work for you.

[01:02:14.02] - Speaker 3
But yeah, so you, you should be always scale up as a trader. This is, this is the main thing. And think about how institutionals they're doing. They looking for money. Look how the hedge funds are working. They looking for new passion funds, they're looking how to rise more money, how to get more buying power. And we should do this also as traders looking for more buying power, how we can leverage, how we can grow with our income. For example, if my hourly income is, I don't know, thousand US dollars, my main goal is like how I can make next month 2000, how I can double this 100%, what I have to do as a trader because I know exactly I'm in a business and where this is not impossible, but I have to look for this. Alright, maybe I can use some problems, maybe I can copy to some other accounts. Maybe I need one or two more investors. Okay, then let's go. And all this stuff. So there are many ways how you can do this. But the worst case is if you not be disciplined, if you not know your risk, if you not know your strategy and all this stuff.

[01:03:32.05] - Speaker 3
So don't understand me wrong.

[01:03:36.04] - Speaker 1
Yeah, yeah. And again thank you Sherry for sharing all your feedback. It's, it's great to have you. I mean you've been active live every, every session almost since you joined, so which is awesome. And yeah. And so just to break it down guys, so the pro. The procession gives you group gives you to basically not only the data. So everything we presented today is available of course, but also we have two live trading sessions per week, which is two hours per session. So you have four hours of live trading session and then we have on a Monday we do our weekly accountability session. So is a total of five hours where you have access to myself, to Patrick, to all the other traders. And obviously the goal is to grow together. So sharing ideas is not a signal. Group is really a group that will help you become a better trader. And then you have access to like people like Patrick, which have 20 years experience in the business being profitable, where you can ask any questions. So you can really speak to Patrick for four hours, five hours a week and ask him any question you have and he will.

[01:04:56.15] - Speaker 3
Holy shit. Five hours every day. Not hope that don't do it because. Because everyone who knows me and people who I hang around a little bit longer, I can be your worst enemy. Because if you, if you. If you need and. And kick ass as a trader, I will kick your hard. And this is something what I'm doing really strong because I hate this. For example, if you ask me today, hey, Patrick, for example, I taking a stupid loss like today and then you came back in two weeks and say to me and Patrick, I was doing a stupid loss today. And you're doing exactly the same stupid shit what you was doing two weeks before. Then I become your worst enemy. So. But. And we have someone. I don't call the name. I was also a little bit harshly to him because. But I have to do this. I have to feeling I have to do this. If I'm not doing this, then no one is doing this to you. And sometimes you know, someone who speaks harshly to you. I need also some people who are speaking harshly to me. But there are only a handful of people who can do this.

[01:06:11.09] - Speaker 3
My wife cannot speak harshly to me. I'm freaking out. But maybe Fabio can do this or maybe one of my big investors can speak harshly to me. But not so many people. But as a trader you need also some follow trader with more experience maybe who can speak harshly to you, who can kick your ass. And then you go to bed and think like, Holy shit, this idiot. How are you talking to me? And then you realize the next day, man, maybe he's right. I have to look into this. And then it makes some working on your mind. And then this becomes the part where you start to become a better trader next day because you get the kick ass what you need. So only as input. But yeah, you can ask Sherry. So on one of our monthly session, I was kicked as some. Some guide.

[01:07:07.04] - Speaker 2
Yeah, sometimes that's what we need.

[01:07:11.01] - Speaker 1
Yeah.

[01:07:14.10] - Speaker 2
Thanks guys.

[01:07:15.13] - Speaker 1
All right, thank you guys. And thank you, Sherry. Thank you, Patrick. So if you guys have any questions, please send us an email infoentorkey.com and you can find all the details by going to our website. We have a promotion going on this week, so if you want to join, you can join our premium or our pro. If you join us, you will also get two live sessions for next week. So this is also part of the promo, so don't miss that. I think this is the. The best we've done so far. So please join us. You'll get access to all the data as well as all the benefits from. From this promo. So then, Patrick, I think we're going to be live back on Wednesday again. So we have. We have another session with us this week. Yep.

[01:08:05.18] - Speaker 3
Yep. We will be live on Wednesday. Yeah. And everyone who was now in the program or we will sign up. So we will, starting at 4pm with our weekly roundtable where we speak one hour. And yeah, you can be there, so don't miss it.

[01:08:23.13] - Speaker 1
Thank you. Thank you, Shelley.

[01:08:25.01] - Speaker 2
See you later. Welcome. Bye.

[01:08:27.11] - Speaker 3
Bye. Bye.