Как торгуют на Западе? Британский трейдер показал свои стратегии

0:00Friends , hello everyone , and welcome to

0:01the new season of headliners . This time

0:03, we've decided to make things a little

0:05more challenging . We're filming

0:06podcasts in English with some really

0:08cool English-speaking guests , and then

0:10fully translating and adapting them

0:12into Russian for you . Why are we doing

0:14this ? I think there's a huge wealth of

0:17experience , stories , and people that

0:19Russian-speaking audiences simply can't

0:21reach due to the language barrier . Our

0:24goal is to remove that barrier . So ,

0:26from now on , you'll see the podcast

0:29itself , fully translated . And I'll say

0:31right away that for us , for the team ,

0:33this is also an experiment . We're

0:35currently searching for the best format

0:37: how to translate , how to adapt , how

0:39to preserve emotion and a lively

0:41conversation so it doesn't feel like a

0:43standard voiceover . So , be sure to let

0:46us know in the comments what you liked ,

0:48what annoyed you , and what we could do

0:50better . We'll be reading your feedback

0:53and polishing each episode . A huge

0:57amount of work and resources goes into

0:58this translation . And so I really ,

1:01sincerely hope that you'll like the

1:02results . Anyway , welcome to the

1:04experiment , and let's go see . Conor ,

1:06how long have you been trading ?

1:08>> 8 years already . Let's

1:09>> talk about that . Tell me , how did you

1:11get into this industry in the first

1:12place ?

1:13>> Well , for me , to be honest , it all

1:14started with my studies . What are

1:16>> you talking about ?

1:17>> Well , I have a degree in economics and

1:19finance . And with that , I went to work

1:21for a broker . So , I did the same thing

1:24that any 18 - year-old does . You surf the

1:27internet , look for signals on Instagram

1:29, lose a ton of money , trade , and all

1:32that . And then I came into the

1:33profession seriously as a market

1:35analyst . And , probably , that's where it

1:38all led to what I do now . Analyst and

1:40trader are different things . We'll talk

1:42about that later .

1:43>> Explain what it means to be a market

1:44analyst and what it means to be a

1:46trader ?

1:46>> Well , I learned that the hard way . When

1:48I first joined the industry as an

1:50analyst , I was like , " That's it . " I

1:51already knew everything about economics

1:53, about charts , about all these

1:55concepts . And I thought that meant I

1:57was a good trader . Well , how could I be

1:59otherwise ? Nothing of the sort . It was

2:01a tough lesson . For the first couple of

2:04years , already working full-time as an

2:06analyst , I was consistently losing

2:07money and didn't understand why . Well ,

2:09of course , we'll talk about risk

2:11management and all that later .

2:13>> Sorry to interrupt . Where did you get

2:15the money you were wasting in trading ?

2:17>> Yes , all my savings . I just graduated .

2:19This is generally the most common

2:21question for all traders . Guys , where

2:23do you get the money ?

2:24>> Well , yes , the small savings that were

2:27left . You know , I was interning for a

2:29year at a company from university , when

2:31I was still a kid . And I'm sitting next

2:33to the manager , and he's from a

2:35completely different field , and I'm on

2:37my phone in MT5 . That's how I trade DAX

2:40, the German index . I didn't know what

2:42a lot was . Someone just posted a buy

2:45signal , and I opened a trade . But

2:47indices have a different lot size , not

2:50like on Forex . I thought one lot was

2:53fine , but there it was a completely

2:55different lot . I literally opened a

2:57trade , and within 15 seconds my account

2:59was gone . I was sitting there , and my

3:02manager was next to me . That's when I

3:04realized what it meant to lose money . I

3:06thought , no , I can't go on like this .

3:09And , oddly enough , that's what got me

3:11hooked . I was hired at Torex to work

3:13with the broker , with the in-house

3:15analysts . After two years , I left for

3:17another company . It's the same thing

3:20there : analyst , teacher , all that stuff

3:22. I recently returned to Torex , moving

3:25from the UK to Dubai as a senior

3:27analyst . Now I'm in charge of trading

3:30and training . I lead analysts all over

3:32the world . That's how I ended up where

3:34I am now .

3:35>> Listen , that's a great answer . How does

3:37this analytics , your work , help other

3:39people decide what trades to open ?

3:41>> It helps others , but not me .

3:43>> Yes . Why is that ? Why does it work like

3:45this ? Well , I mean , a market analyst

3:47should give out as much information as

3:49possible . You need crypto , the next one

3:51needs the euro or the dollar , someone

3:53else needs gold . Everyone needs

3:55everything . And I have to give them all

3:57of it , all this noise . So , all day long

3:59, I look at trading from every angle .

4:02Indicators , smartmoney , well , chart

4:04patterns , different asset classes .

4:07That's the job , I have to know

4:09everything , but for a trader , it's

4:11noise . Too much noise around . I can't

4:14keep it all in my head and still decide

4:16whether to go long or short . You see ?

4:19That's the point . An analyst is useful

4:21to others . I can give you precise

4:23information on a specific issue , but

4:25when I trade myself , all this just gets

4:28confusing . One thing tells me to buy ,

4:30another tells me to sell . That's the

4:33hardest thing for me . So , why do you

4:35think trading signals don't work ?

4:37People subscribe to different groups on

4:39Instagram , Telegram and lose money . Why

4:41don't the signals themselves work ? Or

4:42is it a matter of psychology and risk

4:44management ?

4:45>> Yes , I think it's a matter of timing .

4:47>> Yes , I get it .

4:48>> For example , I give a signal : " You

4:50missed the moment , entered later . " And

4:52the price is different . People often

4:54simply follow signals , without even

4:56understanding the basics of trading .

4:58They think : " Here's the solution . " But

5:00this doesn't work in the long run , and

5:02there are plenty of scammers out there ,

5:03depending on who you deal with . Some

5:05trade at a loss themselves , sell

5:07signals , and receive a commission from

5:09the broker . Others give decent signals .

5:13But the client doesn't understand

5:14either the strategy or the reasons for

5:16entering . And again , it's a question of

5:18timing .

5:19>> Can you explain what you mean by timing

5:21? Because , I think timing is the most

5:23important thing in general , not just

5:25for signals , but for any trader . And I

5:28have an interesting thought about this .

5:30Time can be your friend , or it can turn

5:32out to be your enemy . An

5:33>> enemy , yes .

5:35>> Yes . Look , if you have a large enough

5:38deposit , you trade with very little

5:40leverage , you can wait calmly , and over

5:42the long term , you usually end up in

5:44the black . But when you rush the market

5:47, rush the situation and the price , you

5:49usually lose . So why is timing so

5:51important ? Look , a simple example . You

5:54have a strategy with a risk-to-reward

5:56ratio of one to three , and all the

5:58statistics support it . You give a

6:01signal to a regular trader , but they're

6:0320 minutes late . They were brushing

6:06their teeth or in the trading room ,

6:08they come back , try to open a trade in

6:10MetaTrader , and the price has already

6:12moved partway into the black , but they

6:14still enter . That's what a typical

6:17retail trader does , as you said : they

6:19rush , miss an entry , and the

6:21risk-to-reward ratio is skewed from the

6:23start . If it's a buy , the stop-loss is

6:26now much further away . They're risking

6:29much more than they think , and they're

6:31entering when the market has already

6:33moved down . It's about endurance ,

6:35telling yourself , " Okay , I'll skip this

6:37trade and wait for the next one . " Most

6:39people simply don't have it .

6:41>> The traders you see in this podcast

6:43don't make a living by turning $ 100

6:45into $ 10,000 every month . Profitable

6:47trading isn't about big wins ; it's

6:49about a stable return on a sufficiently

6:51large capital . And that's exactly what

6:53beginner traders often lack . Not just

6:55another strategy , but capital where

6:57their strategy actually starts to make

6:59sense . And that's where pro trading in

7:01Hash comes in . You first prove you can

7:05trade , then gain access to the

7:06company's capital and take a share of

7:08the profits . If you truly know how to

7:13trade , the size of your own deposit

7:15shouldn't be a limiting factor . Link in

7:18the description .

7:19>> What does it mean to be a market

7:21analyst ? What does your job actually

7:23look like ? Can you show us how you

7:25analyze the market right now , and then

7:27we'll see how accurate your analysis

7:29was ? When this episode airs , everyone

7:31will be able to compare our analysis

7:32with what's happening on the charts and

7:34in the market . And today we have a very

7:36interesting day . Today , the Pels report

7:38is released . This event only happens

7:40once a month , so let's break down the

7:42market right now . Guys , if you're

7:44watching our broadcast right now , you

7:46can also ask your questions ; write them

7:47right here in the comments . But let's

7:49start with the simplest thing . What are

7:51nonfarm payrolls anyway , and why is

7:53this report so important ? And why is

7:55there such strong market volatility

7:57every month when this data is released ?

7:59Why is it so important ?

8:01>> Yes , of course , I always say that this

8:03is probably the most important event in

8:05the market after the interest rate

8:07decision ,

8:08>> not counting the interest rate decision

8:10.

8:10>> Why ? Because the Federal Reserve relies

8:13on this data when deciding what to do

8:15with the rate . And the number shows how

8:19many jobs were added or lost over the

8:21past month , excluding agriculture .

8:24Listen , I want to ask , sorry to

8:26interrupt , I always get scolded for

8:28this , but when I have a question , I

8:30like to ask it right away . So , what do

8:32you think , maybe the Nonfarm Pays

8:34indicator itself is a little outdated ?

8:36After all , there aren't that many

8:38people working in agriculture these

8:40days .

8:40>> Yes . And there are fewer and fewer

8:44farmers every year .

8:46>> Yeah , I've never

8:47>> heard of that before .

8:49>> Seriously ? It

8:50>> just occurred to me . Maybe the name

8:53itself is a little outdated ? Maybe it's

8:55time to rename the report to the Trump

8:57Report ?

8:57>> Yes , there are questions about these

8:59numbers . Over the year , the employment

9:01data was revised downward by a total of

9:04a million jobs . Here's the original

9:06value .

9:06>> Can you show us these numbers ?

9:07>> Yes . I'll zoom in now . Is

9:10>> this historical data ? Yes . Yes ,

9:13starting from January 10th , 2025 , the

9:15downward revision of the previous value

9:18is marked in red , but a month later it

9:20turned out to be worse .

9:23>> Wow ! So , the data is being revised

9:25retroactively a month later ?

9:27>> Yes . And now we'll get a revision for

9:30last month . The red number means that

9:33the previous value was lowered in the

9:35new report . 143,000 revised down to

9:39125. Ah , 151,000 to 117. Look how many

9:44times this has happened since January

9:49of 2025. 1 2 3 4 5 6

9:52>> Sorry , but is a downward revision of

9:55the data good or bad ? Overall , the data

9:57shows weakness in the labor market . The

10:00situation is especially interesting now

10:02. Inflation is still high . And here's

10:06the contradiction that arises . The new

10:08Fed chairman , Vorsh , has taken a tough

10:10stance . He's worried about inflation ,

10:13and the labor market says , " It's time

10:15to cut the rate . " Orzh says , " Inflation

10:18is high , which means the rate needs to

10:20be raised . " According to the employment

10:23data , it's the opposite : -23,000

10:27instead of plus 57. Look how much

10:29employment growth has fallen over the

10:32past 12 months . That's why this

10:35non-farm is so important . Vorsh came in

10:39with a much tougher stance than Paul

10:41had before him . The rate needs to be

10:43kept high longer , and now , perhaps ,

10:46even raised . But the labor market is

10:48demanding a cut . That's the current

10:50contradiction . So , in today's report ,

10:53I'm looking at two things . The forecast

10:56is +55,000 , but the previous reading of

11:00-23,000 — will they revise it even

11:02lower ? And will the result match the

11:06forecast of 55,000 ? Let me explain . If

11:10the data as a whole turns out to be

11:12stronger , meaning the labor market

11:14shows that it's still strong , this will

11:16support the firm's stance . And then we

11:19can consider , for example , long

11:21positions in the dollar , meaning trades

11:23to buy the dollar , trades to sell gold ,

11:26and so on . But if the data keeps

11:29getting weaker and weaker , the market

11:31will say , " We can't raise the rate when

11:33the labor market is sagging . " Then

11:37market participants will begin to lose

11:38confidence in this scenario and will go

11:40in the opposite direction . They won't

11:43believe the rate will be raised . And

11:46how do I know that the uncertainty

11:48right now is almost 50/50 ? Look , I was

11:52just about to

11:53>> ask about this , because Polymarket is

11:55also now pricing in the Fed raising the

11:57rate .

11:58>> Right now , both options are almost

12:00equally likely . You can see it here .

12:05The CME Group tool shows what decision

12:07the US central bank might make at its

12:09next meeting . It's very useful for

12:12traders . Look , the next meeting is

12:15indicated above . September 16th . The

12:18rate is currently between 35 and 3.75 % .

12:25The probability of leaving the rate

12:27unchanged is 47 % , and of raising it by

12:29a quarter percentage point to that

12:32level is 52 % . So , when employment or

12:36inflation data is released before the

12:38meeting , the market moves in line with

12:40the change in these probabilities . This

12:44is how the Fed's future decision is

12:46priced in , you see ? Right now , both

12:49options are almost equally likely . This

12:51rarely happens . Usually , the market

12:53already knows what to expect from the

12:55next meeting .

12:55>> But this isn't the first time . The

12:57previous rate decision , I think , in

12:59August , was also quite unexpected .

13:01>> Back then , the rate was left unchanged .

13:03When Orsh came in , this is exactly what

13:06was expected of him . You just joined

13:08the Fed . Why change everything right

13:11away ? First , look at the data and then

13:14rely on it . That's why he left the bet .

13:16I suggest you take a break from trading

13:18for just a minute . I'll tell you about

13:21loyalty . Loyalty is a really strange

13:25thing , and we often think it only works

13:27one way . You use certain services a lot

13:31, bring them money , get used to them ,

13:33recommend them to your friends , and

13:35gradually begin to feel like you're

13:36almost in a relationship . But true

13:39loyalty doesn't start when you stay

13:41with the company , but when the company

13:43stays with you . And the CIS market , in

13:45fact , well , I think it understands this

13:47better than anyone . When you have a

13:49problem , you shouldn't be sent to read

13:51dozens of pages of FAQs . When you

13:54provide feedback , it should be heard .

13:56And the Coinw exchange team and I have

13:59crossed paths countless times , at our

14:01WS trading tournament and on other

14:03joint projects . And during this time , I

14:05noticed one thing . They're really keen

14:08to build a loyal relationship with the

14:10CIS audience . They don't just want to

14:14bring someone to the exchange , but to

14:16ensure they have direct contact with

14:18the team so they can , well , discuss the

14:20product . See what this approach looks

14:22like in practice at the link in the

14:24description . What do you think their

14:26typical workday is like ? They do the

14:28same job as you , just from a slightly

14:30different perspective . Maybe they play

14:33golf all day or analyze this data ?

14:35>> No , he listens to the other board

14:37members too . One comes in and explains

14:40why the rate should be raised . Another

14:43makes arguments for leaving it as is .

14:46And a third from Cleveland says , " On

14:48the contrary , I'm in favor of lowering

14:50it , and here's why . " And the director

14:53has to listen to everyone and decide

14:55which option is best . Honestly , it's a

14:58nearly impossible task . How are neural

15:00networks helping you sort through all

15:02this data now ? I myself have recently

15:04started spending quite a lot of time

15:07talking to Claude or even the GPT chat .

15:10We're discussing what options there

15:12might be on the market , because all

15:14these models are now analyzing a huge

15:16number of different news sources .

15:17They're already forming their own

15:19opinions and making their own

15:20suggestions . And from the outside , it

15:22looks like your job could disappear

15:24completely in five years .

15:25>> Yes ,

15:25>> when more and more people figure out

15:27how to use neural networks and start

15:29trusting their answers more and more . I

15:31agree with you to a certain extent .

15:34Retail traders now receive

15:35significantly more information than

15:37they did 10 years ago . That's

15:40undeniable , but I created the MyInd

15:42marketplace . My programmer partner and

15:44I spent two years building this system .

15:46It's 10,000-15,000 lines of code . It's

15:50market analysis using a neural network .

15:52Imagine if my brain was transferred to

15:54it . It's

15:54>> unrealistic .

15:55>> Oh , I get it , I get it .

15:57>> There are also trading advisors . And

15:59for analytics , you go to KLOD or the

16:01GPT chat and ask what's happening with

16:04the non-farm market today or what

16:06decision the US central bank will make .

16:09Firstly , you'll get a ton of

16:10hallucinations . The model needs to be

16:13configured and trained by someone who

16:15understands what they're doing . I think

16:18a new era is dawning . I built this

16:21system and I know how much work it

16:22involves . But the hardest part was

16:27setting up feedback , the agents ,

16:28teaching the model not to hallucinate

16:31and to get accurate data from reliable

16:33sources . And the average user will get

16:38a trading idea , an analysis taken from

16:40some website . And yes , this is normal

16:44information , but it will become

16:46commonplace , the standard . And those

16:51who know how to code , use a neural

16:53network correctly , and train it to

16:54expert level will be head and shoulders

16:57above today's retail traders . I don't

17:00think everyone will get this

17:01information and know the same thing .

17:04There will be a ton of hallucinations .

17:06People don't have feedback . 100 % . Even

17:10the best models , even the latest

17:12versions , still make up a lot . Listen ,

17:14can you show a few examples of how you

17:16use this yourself ? What questions do

17:19you ask ?

17:19>> We'll see .

17:20>> I think neural networks are a very

17:22popular topic right now . Come on , while

17:24we're watching , I'll also ask my Claude

17:26or the GPT chat . No , let's ask Claude .

17:29I think he's a Claude for financial

17:31problems . I'll ask him to answer me in

17:33English and explain the whole idea . I

17:35just want to figure it out for myself

17:37and understand how it all works so we

17:39can compare .

17:39>> I'll show you now . Yeah , let's compare .

17:42>> Okay , I'll ask now , and then you can

17:43show me . Listen , can you explain to me

17:45what this Nonfm Payels indicator is and

17:47why the changes that are then made to

17:49the data for previous months are so

17:51important ? You can take the data for

17:53the last six months , for six months ,

17:54break down all these statistics in

17:56detail and tell me what you expect

17:57today , what might happen today . Well , I

17:59don't know , for example , with the price

18:01of gold or , say , with the dollar index .

18:03Maybe with the prices of thirty-year

18:05bonds today , when all this data is

18:06published . And please answer me in

18:08English and explain all this to me the

18:09way you would explain it to a

18:11five-year-old . Let's go . In short , what

18:14did you ask him ?

18:16>> Sorry , we didn't hear you . That's what

18:19>> he said . Well , there you go , here's the

18:23proof . Oh

18:25>> my God .

18:26>> You tell me , I'll dial it . It

18:28>> doesn't work . Did you open a cloud too ?

18:31>> Yes , because this cloud is connected to

18:33my Market Mind system via AP .

18:36>> And what is Market Mind ?

18:38>> My product . A professional trading

18:40suite based on a neural network . And

18:42what does Xiu mean ? Xiu is a set of

18:45products .

18:46>> Got it .

18:47>> There are six automated systems . Those

18:49are for traders . And for analysts ,

18:52there are many agents . And they give me

18:55a detailed professional analysis . It

18:57depends on how detailed you want to be .

19:02It takes not only data from MT5 or the

19:04calendar , but also Cot positions , and

19:07Fedwatch probabilities , rate

19:09trajectories , sector flows , sentiment

19:12indices .

19:15>> So , it turns out you simply digitized

19:17part of your work , right ? And one more

19:20thing , this isn't my fault . I stream on

19:23YouTube , and he uploaded all my

19:25broadcasts for five years . I think it's

19:29called ingest . Something like that . Now

19:31the system speaks and understands the

19:33market the same way I do . It was

19:34trained on how monetization works . I

19:37>> uploaded my brain to it . Got it ? Yeah ,

19:39basically , it writes the same way I

19:41speak . Give me a detailed analysis of

19:44non-farm today . Honestly , I'm burning

19:47through tokens like crazy . I've never

19:49used the internet at all . I usually use

19:51Fable or OPC .

19:52>> Well , fair enough , but everything is

19:55connected to my API , so I can give it a

19:57simple request like this . That's why I

20:01want to talk about this . It's really

20:03interesting . Now everyone has access to

20:05neural networks , but you need to

20:07understand how to use them correctly .

20:09First , you need to learn to ask the

20:10right questions , and then you'll get

20:12the right result . Yes , that's how he'll

20:14do it . The result will look something

20:16like this . It even goes into Trading

20:18View itself and pulls my chart from

20:20there . If you want , you can compare it

20:23and ask a regular model exactly the

20:25same question . You won't get such a

20:27detailed answer from it . That's what

20:30I'm getting at . We trained it , wrote

20:32the code . It won't just give you a

20:35response based on one request . The

20:37market is frozen at resistance before

20:38the release of data that could remove

20:40uncertainty . Treasury yields and the

20:42dollar have retreated from their peaks .

20:44That's why it's rising . Some of the

20:48expectations of tough policy that

20:49caused the initial sell-off are playing

20:52out . Some , but not all . It's

20:54>> so hard to

20:55>> understand all this , even for me . And

20:58this is with my trading experience . I

20:59don't have an economics degree . I'm

21:01more of an entrepreneur . But I

21:03understand , well , maybe 50 percent of

21:05what's written here . It's just

21:07mind-blowing .

21:08>> And it's also good at analyzing the

21:10chart , showing possible scenarios .

21:13>> Okay , let's see what we have today .

21:15Listen , can we add a function so it can

21:17explain things like it's a

21:18five-year-old ?

21:19>> Explain it to me like I'm five . Yes , I

21:21can . You can probably do that with any

21:23neural network these days . Explain my

21:25article on non-farm finance today like

21:27I'm five . No , really , I have two sons ,

21:30and sometimes they ask all sorts of

21:32questions , sometimes very complex ones .

21:35And I need to find the simplest way to

21:37explain it all to them . Yes , he's

21:40giving you a distillation of everything

21:42I just showed you . He's breaking down

21:44all this gibberish , all these

21:46complexities , into normal ,

21:48human-readable text . I can read it to

21:50you if you want . Yes , why not ? Imagine

21:54the government counting jobs per month ,

21:56like children in a classroom . Today ,

21:59the adults who manage the country's

22:01money , the Federal Reserve , announce

22:03the number , and they're watching it

22:05closely . Lots of jobs , that means the

22:08economy is strong . That means adults

22:10can make borrowed money more expensive ,

22:12that is , raise the rate . And if there

22:15are few jobs , that means everything is

22:17slowing down . Then they most likely

22:19won't touch anything . And so on . Gold

22:23is like a shiny toy . As long as you

22:25hold it , it doesn't pay you anything .

22:28And when rates rise , people would

22:30rather put their money at interest than

22:32in gold . And when rates are likely to

22:34remain low , people are more interested

22:36in gold and the price rises . I

22:38>> think you should implement this . Maybe

22:40we should even do this entire podcast

22:42in this format ? You know , you might be

22:44right , because when I read this whole

22:46complicated version of Seno , it might

22:48be the best explanation of the non-farm

22:50on YouTube or even the internet .

22:53>> And in the end , today's numbers are the

22:55last big clue before the adults decide

22:58in a couple of weeks , so wherever it

23:00lands , gold will most likely move . And

23:03why do we even think gold will go up ?

23:05Well , let's say the number comes out

23:07weaker . That's what I'm saying ,

23:09>> sorry , I'm just trying to joke here .

23:11Trump literally wrote a post three days

23:13ago about how the market is about to go

23:15up . That's it .

23:15>> Yeah , that's what I'm talking about .

23:18I'm trying to figure out different

23:19factors to explain it . The most obvious

23:22scenario . A weak number comes out today

23:24. If it's weak , it definitely won't be

23:26strong . Most likely , it will be a bit

23:29weak . Then the probability of a hike

23:31drops from 52 % . And we'll be looking at

23:35a 50-60 % chance that the rate will be

23:38left as is . And that's already a shift

23:41to the soft side from what the market

23:43is currently priced in . Look at the

23:45price of gold . The price of gold is

23:484471. It already includes these

23:52delivery expectations . We're 50/50 . If

23:57the probability of a rate hike falls —

23:59that is , if the chances of an increase

24:01fall — gold will go up because the

24:03market hasn't priced it in yet . And

24:08when the probability shifts , watch what

24:10happens to gold . You see ,

24:13>> they know all this data long before

24:14it's published . And the situation on

24:17global markets is very difficult right

24:19now . It feels like insiders are

24:20everywhere . Well , let's say I want to

24:22go short . I take it and send a

24:24submarine to Iran , and then I tweet .

24:26That's it , I'm calling this submarine

24:28back . Yes . After that , I immediately

24:30went long . That's how I made a couple

24:32of million .

24:33>> When they talk about conspiracies and

24:35insider information , my opinion is this

24:37: yes , insider information exists , but

24:40the average trader , I'm addressing the

24:42audience now , will never get this

24:44information . So don't waste your nerves

24:46on this . Even I , a professional , don't

24:49get insider information . I honestly

24:51promise , I don't have any insider

24:53information . Don't torment yourself

24:56with things you won't find out anyway .

24:58There are many other things in trading .

25:00Insight will always be there , and

25:02sometimes the market will move before

25:04you get in . That's how retail trading

25:06works . It's not easy to make money when

25:09others get information before you , but

25:11there are still hundreds of ways to

25:13make money , even if you don't have

25:14insider information . What do you think

25:18about this Trump subscription ? I mean

25:20the subscription to his True Social for

25:22$ 100,000 . Have you heard of that ? Yes .

25:25They published it and announced that

25:26they are now offering this subscription

25:28. You pay $ 100,000 and read Trump's

25:30posts on Trul before anyone else . And

25:33then you can use it for HFT ,

25:35high-frequency trading . What do you

25:37think ? That's absolutely crazy . A year

25:39ago , I couldn't even imagine this would

25:41happen . Well , I would have questioned

25:43whether it was even legal . You actually

25:45get the information before it's

25:47released . It's

25:48>> all about timing again , because via IP ,

25:50this information can reach you a little

25:53earlier , literally a few milliseconds

25:55before the post itself appears on

25:57social media . That's the thing . You

25:59need to manage your position very

26:01precisely and make split-second

26:02decisions about when to change it .

26:04>> Yeah , I don't think a retail trader

26:06>> should think about that .

26:07>> Not really .

26:08>> I like it . Good answer . It's great to

26:11have access to that kind of information

26:13, but you still won't catch the perfect

26:15moment to enter . The market will move

26:18before then .

26:20>> Can you describe the average retail

26:21trader to me ? How do you picture that

26:24person ?

26:26>> What do they do and how do they make a

26:27living ? How often does he trade in the

26:30morning after work or during the

26:31workday ? How does it all work ? Who is

26:34this person ? No , in my opinion , it's an

26:37ordinary person with a 9 - to - 5 job and

26:39just wants to earn a little extra

26:41through trading .

26:43>> And how much do you need to earn from

26:44trading ? Of course , it's a different

26:46amount for everyone , but if you take an

26:48average , you work with a lot of people .

26:50>> The figure really is different for

26:52everyone . If you live from trading , yes

26:55, it's personal , but listen , you need

26:57to make at least $ 10,000 a month at

27:00least and consistently . It's not even

27:03about the amount . It's about the amount

27:05. It's about

27:05>> consistency . In trading , you can earn

27:08nothing for months , and then make your

27:10entire annual income in three months .

27:13But you have to pay the bills every

27:15month . That's why I talk to traders so

27:17much . I've probably recorded over 100

27:20podcasts with different traders . And

27:22here's the thing . You don't make money

27:24every day . You can make money once a

27:26month , literally on one lucky day .

27:28>> And then your task is to not lose what

27:29you've already earned for the entire

27:30next month . And that's the hardest part

27:32. I

27:33>> can give you the most illustrative

27:34example .

27:35>> Sure . Go ahead .

27:36>> This is probably the main lesson I

27:38teach people . Even today , we were

27:41talking about economics , about

27:43fundamentals , looking for ideas on what

27:45will happen next , how to forecast . More

27:48often than not , no one knows what will

27:50happen next . You have your own forecast

27:52, your own view of the market . The main

27:55thing is that this view has a

27:57statistical advantage , like a casino's

27:5952 % . Do you understand ? Yes ,

28:02>> yes , yes . I don't understand why no one

28:07is looking at survival , at data . Risk

28:10management , psychology , but everyone is

28:13only looking at which order block to

28:15enter from , what will happen with

28:17non-farm , and how to make money today

28:19or every week , how much I need per

28:21month . Trading is not about that .

28:23That's what social media has done to

28:25the industry . About a short moment when

28:27you can make money . Yeah , look , one of

28:29my strategies from the Market Mind

28:31system is called the Golden Cross .

28:33>> These are the backtest results .

28:35>> This is a backtest .

28:36>> And the golden cross . The

28:37>> golden cross

28:38>> is when two moving averages intersect

28:40and that's it .

28:41>> Well , it's not that complicated . The

28:43MACD and 220 MI intersect .

28:45>> Got it . That's what I'm

28:47>> talking about . People will immediately

28:49ask : " What are the rules ? How do you

28:51enter ? " And I say : " Don't think about

28:53it , don't think about entry rules . "

28:55Let's think about what the data for

28:57past years looks like . This is my

28:59simplest strategy . No need for

29:01complexity . And everyone is chasing the

29:04next magic indicator . So these are the

29:09results , these are 6 years of data ,

29:121.800 % profit , 33 % drawdown , 30 % winrate .

29:18Yeah . And if I can increase it ? Wow ,

29:20the winrate isn't that high ,

29:22>> of course , because it's a 1 : 6 strategy

29:25. But the profit factor is good , 1.2 .

29:28In every trade , the profit target is 1 :

29:301 .

29:31>> 1 : 1 .

29:32>> And with a 30 % win rate , that's

29:34excellent . That's why I teach people

29:37not to look for another indicator , not

29:39to think about " I'll figure out the

29:41fundamentals or gain insight and become

29:43a good trader . " A good trader knows how

29:46to survive . Here's a very clear example

29:48. If a strategy made 1.800 % over 6.5

29:52years with a drawdown of 33 % , look at

29:55the periods when this strategy did

29:58nothing . Let's take July 29th , 2025 ,

30:02until February 20th of the following

30:05year . The strategy went up and down ,

30:08but ultimately stood still . From July

30:12to February , 7 or 8 months without

30:14results . 99 % of traders

30:18>> won't survive here ; they'll lose

30:20everything ,

30:20>> yes , they'll lose everything , because

30:22during this period they'll get carried

30:24away somewhere sideways . They'll change

30:27, change their strategy , go learn from

30:29the next guru from the internet . I

30:32don't think it's even about these gurus

30:34. The problem is that people want to

30:36start making money from trading right

30:38here and now . They need to pay bills ,

30:41cover their expenses , and they just

30:43can't afford to wait , wait until the

30:45right moment actually comes . I have a

30:47good friend of mine sitting here in the

30:49studio . I'll introduce you to him . I

30:51know he's been trading in the black for

30:52the last nine months . And he can go

30:54weeks without opening a single trade .

30:56He just waits , and then finds his

30:58position , his moment , that very market

31:00situation , and then he enters the trade

31:02. Yes , sometimes he might get a

31:03stop-loss , but usually everything works

31:05out , but I see his result over the long

31:07term , and it's really good . That's what

31:09I tell people : " Take a step back , take

31:11a broader view . " It's easy to say , wait

31:14out nine months of no growth . Yes , in

31:16reality , it's terribly difficult . You

31:18think , " Well , when will I make money ? "

31:21That's why trading shouldn't be your

31:23main income . I myself am an employee .

31:26I'm lucky . My work is related to

31:28trading . I oversee the training and

31:30receive a salary . This is my safety net

31:33. And the income from trades comes when

31:35it comes . But the average retail trader

31:38works from 9:00 to 5:00 , and then tries

31:40to trade during some session after work

31:42or on the phone during their lunch

31:44break . It's simply impossible . Sorry ,

31:47impossible . That's a bad word . There

31:50are some unique individuals . You can't

31:52compare yourself to them . But the

31:54majority can't consistently generate

31:56the income they need . And by the way , I

31:59want to say , I ran over 100 strategies

32:01through the Market Mind system . The

32:04feedback significantly sped things up .

32:07Over the course of a year , we selected

32:09six strategies , four mechanical ones ,

32:11and discarded 96. And all this was

32:14specifically on gold ? So this strategy

32:16trades only gold , am I right ?

32:18>> Literally only gold .

32:19>> Very interesting . I don't really know

32:21much about gold . I already told you

32:23that I started trading back in 2009.

32:25And I remember gold was worth about a

32:27thousand back then , and then the price

32:30reached 2,000 . And after that , a very

32:32long decline began . A really , very long

32:34decline in gold . It , I don’t know ,

32:36was constantly going down for some

32:38years ,

32:38>> yes ,

32:39>> somewhere after 2013 or so . That’s

32:41why I’m really surprised now . People

32:43really do trade gold , and they’re

32:45trading it so actively right now .

32:47It’s the most popular . Yes . I want to

32:50show you another strategy . In addition

32:52to this one .

32:52>> Okay . What do you usually trade ? What

32:54do you focus on ? Do you trade , I

32:56don’t know , the S & P 500 ?

32:57>> Look , the Golden Cross is on the list .

32:59That’s for gold . Weima , that’s for

33:01the German index . I’ll put it in now .

33:03>> Wow , a German index . I didn’t even

33:05know that existed ,

33:06>> one of the best .

33:07>> Seriously , there’s a lot of

33:08volatility there .

33:09>> For me , it’s just the right amount of

33:11volatility , exactly what I need . And

33:13besides , it moves fast , like gold .

33:17>> Madness . And then there's , say , Footsie

33:19, the British market ,

33:20>> which doesn't move at all . That's what

33:22I think .

33:22>> Seriously , the British market is super

33:24stable . It's

33:25>> incredibly boring . Yes , it's stable ,

33:28it's hard to introductory . And Dax ,

33:30well , that's a personal preference . Dax

33:33has the perfect amount of volatility ,

33:36let's say . So , I have a Golden Cross

33:38for gold , a Master for Dax , a Blitz for

33:41the S & P 500 ,

33:44>> and Power — the simplest strategy , even

33:47a five-year-old could understand it . I

33:50don't know if I want to reveal its

33:52rules . It's also based on Dax . And two

33:56completely neural network strategies :

33:58SMC , SmartMoney , and Price Action trade

34:01major Forex names . No crypto . That's

34:04interesting . We've just started

34:06inviting new guests because I want to

34:07talk about traditional markets . The S & P

34:10500 , gold , and so on . That's

34:12>> my thing . Have

34:13>> you ever touched crypto ?

34:14>> Yes , I have . I bought crypto in 2019

34:17and sold it in 2021. So , were you

34:21investing in it or trading it ? I didn't

34:24. Listen , I'm not here to give an

34:26opinion on crypto .

34:28>> No , it's very interesting .

34:30>> I just don't really like this whole

34:32crypto industry . This is how I

34:34personally look at cryptocurrencies .

34:36I'm an economist at heart , so that's

34:38how I see it . There is no intrinsic

34:40value . Whether for investing or for

34:43trading . I trade this because I've seen

34:46the results . There were payments this

34:49year , and a good payment last year .

34:51That's what suits me . And this is how I

34:54view crypto . If I have some extra money

34:58left over after my salary , I put a

35:00small amount into crypto every month

35:02without much expectation . So I stay

35:07away from all these guys who believe in

35:09crypto and think it will be used like

35:10regular money . I'm

35:13>> not sure anyone believes in crypto in

35:162026. And in fact , five years have been

35:18nothing . I sold , I would have lost more

35:21,

35:22>> because crypto is the only place where

35:24your asset can lose 90 % of its value ,

35:27and then fall by half again , and then

35:29by three times more . That's not for me .

35:33I'm not interested . Wavemaster wanted

35:35to show you this again from the

35:37beginning of the year . Look at this

35:39period from January to April , when the

35:41war was just beginning . It started in

35:44February . This year has been difficult

35:47so far . The drawdown reached 7 % . At

35:51first , it was flat , then minus 7.

35:53That's where my rule was developed . I

35:57always trust my data . It was by

36:00trusting the data that I was able to

36:02sit out the period when there was no

36:04profit from January to May . Now I'm

36:06benefiting from the growth . According

36:08to the history of my strategies , it

36:10usually goes like this : 3-4 months of

36:12nothing , and then an upswing . And we

36:15finally make money . Plus 14 % in a year .

36:19One strategy . And remember , I'm not

36:22spreading myself across six for nothing

36:24. I have different assets , different

36:26strategies . If one is falling , I don't

36:28want to depend on just one . And then

36:31the one that makes money will win .

36:33Here's gold . The strategy is up 40 % .

36:36>> Why gold ?

36:37>> Why gold ?

36:38>> Why do you like trading gold the most ?

36:41They

36:41>> usually say , " I like the way the price

36:44moves . " Liquidity . Good movement , but

36:47to be honest , I don't care what market

36:49it is . I test strategies on all markets

36:52and , based on the results , I chose

36:54these three . And do you remember what

36:56happened with gold 9 months ago ? Gold

36:58and silver , when all this fever started

37:00around them . It was crazy ,

37:02>> right ? Silver usually lags gold , trails

37:04a little . That is ,

37:06>> we were then calculating silver with a

37:08kamor . It collapsed by 40 % in a few days

37:10. Simply crazy .

37:11>> Yes , I have a rather interesting

37:13analysis of gold and oil . It's more

37:15fundamental analysis . But look ,

37:18>> you only trade oil

37:20>> manually . My strategies didn't work

37:22here . Oil helps me understand whether

37:25to look for buys or sells . I trade with

37:28algorithms . I have systems . Why did you

37:31decide to automate your systems ?

37:33>> For the sake of time and effort . I

37:35spent a long time analyzing data with

37:37my programmer , whom I locked in the

37:39basement . I locked him in and said , "

37:43Study this strategy . " Many retail

37:45traders probably recognize themselves

37:47now . My day job takes up a lot of time .

37:50Yes , mine is related to the market , but

37:53I'm busy all day . Meetings , calls with

37:56the team in Latin America or Malaysia .

37:58And I realized that manual trading was

38:00suffering because of this . I couldn't

38:02give it time . I missed opportunities ,

38:05entered late , entered early , simply

38:07because I knew I'd be busy later . And

38:10so it happened . I put too much effort

38:14into manual trading , and that in itself

38:17is stressful , and there's not much

38:18return because the work eats up so much

38:21. And I'm sure many people feel the

38:24same way . It took two years of work . I

38:28know the advantages are not forever . So

38:30we continue researching , replacing

38:32strategies with new ones . No system

38:34works forever . But now I don't spend

38:37any effort on trading itself . Zero .

38:41Zero emotion . I promise , I didn't even

38:44check if I had an open position . It's

38:463:00 PM now , probably three or four

38:48trades have opened or closed , either

38:50positively or negatively . I'll see what

38:53happened at the end of the day or week .

38:55I trade with props when you put in a

38:57lot of effort , expect a return , and

38:59think : " I want to make money , I'll try

39:02to stare at the chart for 10 hours . "

39:04And you tie your efforts to profit . You

39:07invested 10 hours , so you should make a

39:09lot . It doesn't work that way .

39:11>> I had a really good podcast with a

39:13trader from Chicago . I'll show you . He

39:14was working right on the trading floor

39:16of the Chicago Stock Exchange . And he

39:18told me something interesting . His goal

39:20for the day was 7,000 . He made it all ,

39:22that's enough for today . It doesn't

39:24matter how long it took , an hour , 15

39:26minutes , or even just 1 minute . By the

39:28way , you mentioned the question : what's

39:30the difference between trading through

39:31a regular broker and through a prop

39:33firm ?

39:33>> Good question . I'm a big proponent of

39:35that . I also work for a Torres broker

39:37from a test firm . Do

39:38>> you work with both ? Yes , I work with

39:41both .

39:41>> So what's the difference in your

39:42trading decisions ?

39:43>> In decisions , of course . I look at how

39:46I lay out my strategies on a prop

39:48account and with a broker . With a

39:50broker , you have a little more freedom

39:52because it's your money . You can lose

39:54it all if you want . With a broker , I

39:57risk a percentage of my balance .

39:59Compound interest works , but the

40:01drawdown is deeper . But with a prop

40:03account , the risk is fixed . On an

40:05account of 100,000 , I risk a thousand .

40:08The amount doesn't change . It's rigid .

40:11Even if the account grows to 105 , it's

40:13still 1,000 , not a percentage . The

40:16difference , if you look at the data , is

40:18that the overall profit is lower , but

40:20the drawdown is also much smaller . And

40:24the prop account rules are now as

40:26follows : you can't lose more than 10 % ,

40:28in some it's eight , and on non-testing

40:30stage accounts it can be four . And you

40:33always want to respect these rules . You

40:37don't need to earn that much because

40:39the profit margin gives you capital for

40:41trading . The account is on prop . I

40:44don't need to make 1,800 % . That would

40:47be great , but I'd lose it . There's a 40

40:50% drawdown . I switched to a fixed amount

40:53, and the payouts are still excellent

40:56because the capital is 100,000 , and a

40:58retail trader will put 2 with prop into

41:00the account . So you'll earn 10 % a year ,

41:04even 20 % . But with 2 with prop , what

41:07will that give you ?

41:08>> Nothing changes .

41:10>> Nothing changes . So this is the best

41:12there is . And I tell people : " Start

41:15with prop . Just learn to trade first .

41:19Start with prop because the profit

41:21margin will give you access to capital

41:23and payouts from larger accounts . Use

41:26the prop's money . " I always say , " Take

41:28half of the payment and do whatever you

41:30want with it . Go on vacation , live , or

41:33put it in a savings account , and start

41:36building your account with the other

41:38half . I don't want to be dependent on

41:40their rules for the rest of my life .

41:42Sooner or later , you'll blow it .

41:44According to my statistics , I lose

41:4610-15 probabilities per year . People

41:48are surprised , but it's impossible to

41:51avoid a 10 % drawdown . One day , you'll

41:54almost certainly experience a 10 %

41:56drawdown . They say , ' My strategy only

42:00has a 1 % drawdown . ' I've never seen

42:02anything like that . " I only believe

42:04what I see with my own eyes . " If anyone

42:06can do it , great , great , good luck . But

42:10I only care about me and what I want in

42:12trading . And I know that at some point

42:15I'll lose a profit . But for $ 500 you

42:18can get an account for $ 200,000 . That

42:22means I can lose 10 of those in a year .

42:24Minus $ 5,000 . Those are my expenses .

42:27And if you look at the result , if I'm

42:30in the plus , 40 % for a year with one

42:33strategy is about 30 , 40,000 payouts on

42:35an account of $ 100,000 . That's why I

42:39always say , having access to the data

42:41and what can be seen in the backtest

42:43results , it's become easier to make

42:45money trading with props . Why do you

42:47think prop firms have become so popular

42:49over the past few years ? Maybe I wasn't

42:51that deeply interested in this industry

42:53before , but now I see that props are

42:54becoming more and more popular , even

42:56more popular than regular brokerage

42:57companies .

42:58>> I see I see the data from the inside ,

43:00professionally , both at the brokerage

43:02and in prop . I create content ,

43:04analytics , streams for a regular

43:06audience . And here's what I'll say . Now

43:09on YouTube and social media , all the

43:11comments are only about trial firms .

43:14Everyone likes it because the average

43:16guy has , maybe , $ 400 of spare cash to

43:19invest in trading . And it's a choice or

43:22an opportunity cost , call it what you

43:24will . Okay . I put $ 400 into the broker

43:28or I put $ 400 into the $ 100,000

43:30challenge in prop . I complete it and I

43:33have $ 100,000 . Not exactly $ 100,000 ,

43:36but you get the idea . That's why

43:38>> No , no , I agree .

43:40>> Because access to more capital .

43:42>> By the way , I was thinking about it

43:43from the other side . There's one really

43:45funny thing here . Well , really funny .

43:47Maybe you can help me clarify it ?

43:49People usually don't withdraw money

43:51from their brokerage accounts at all .

43:53They just They top up their account .

43:55They add more money to it . Yes , he

43:56understands what I mean . But I'll

43:58repeat it again . People don't withdraw

44:00money from their brokerage accounts .

44:02Even if they've earned something , they

44:04put that money back into trading , and

44:06then at some point they lose it all .

44:07>> Yes , that's true . You can't reinvest

44:10profits like that at a trial firm . The

44:12profits are transferred to your

44:13personal account . They leave them in

44:15the brokerage account . Then do whatever

44:16you want with that money . I think it's

44:18more honest . I know a lot of traders . I

44:21don't understand where they get their

44:22money from at all . They just top up

44:24their brokerage accounts on the crypto

44:27exchange , on futures , and it's the same

44:29thing every time . They literally have

44:32to be pushed to withdraw their earnings

44:33.

44:35>> Give people the freedom to win or lose .

44:37>> And that's exactly what the trial firm

44:39is pushing them to do .

44:40>> Yes , people are also quite greedy by

44:42nature . Here's your 5,000 in your

44:45brokerage account . Why ? 90 % of traders

44:49lose money or even more ? They lack

44:53stability , the ability to manage

44:55capital . To manage money , you need to

44:58be able to manage yourself . That's what

45:01it all comes down to , and not just that

45:03you're bad at finding your head and

45:04shoulders and a good trade . You see ,

45:08I've trained so many people , and they

45:10all come back with the same problem .

45:13Every time . It's infuriating .

45:15>> Okay . And what questions do you get

45:17asked most often ? They

45:18>> come and say , " I can't make money , my

45:20strategy isn't working . "

45:21>> But they can't explain their strategy .

45:23Sometimes there is a strategy . And

45:26several perfectly reasonable reasons

45:28for opening a trade . They say , " Conor ,

45:30here's your journal . " I do this and

45:33that . " Okay , open the platform and show

45:36your actions . And everything is the

45:38opposite there . Exactly the opposite .

45:40And the risk is overstated . It

45:41immediately jumps back . All the typical

45:45things they write about on the internet

45:47about why people lose money . 95 % of my

45:50students don't notice their own

45:52mistakes . And perhaps this is a common

45:55problem . They look for someone to blame

45:58. But the problem is always their own .

46:01It's always that they don't know how to

46:02manage money . And there's no psychology

46:05, no strength . Or they haven't figured

46:09out psychology and risk management to

46:10trade effectively . It's always like

46:13this . And when I tell them : " Okay ,

46:16let's do this for fun . Keep your

46:19strategy , don't change a single rule .

46:21Show me every trade , the next 20 trades

46:24, and set the risk to 1 % just for

46:28practice . " And they come back and say :

46:31" You know , I looked , the sample is

46:33small , but this is an example . I looked

46:35, and I actually made money . " Or didn't

46:38make money , but also lost a little . And

46:41I'm like , " Okay , now show me the first

46:43magazine where the strategy didn't work

46:45. " First you said , " My strategy failed .

46:48" And I see : -5 % in one trade , -8 in

46:52another , -2 , then +15 . You just don't

46:56manage risk . That's what it all comes

46:58down to .

46:59>> All-in and that's it . All-in isn't a

47:01>> mistake . Don't do it . I'll get fired

47:03for that .

47:05>> This is poker . The

47:06>> main problem . People are afraid to

47:08admit their mistakes . When something

47:11doesn't work , they don't look for the

47:13reason in their actions . How can you

47:16blame the strategy if you don't follow

47:18it yourself ? It seems obvious .

47:20>> And what's the difference between

47:22trading and gambling ? You could say

47:24that trading is a casino for smart

47:26people .

47:26>> Perhaps so . Trading is gambling with an

47:30advantage , but when you bet with a

47:32bookmaker or play in a casino , they

47:34always have the advantage . At roulette ,

47:36For example , there's zero . That's what

47:38gives the casino a transfer . That's a

47:40very smart answer .

47:41>> Yes . And in trading , people think you

47:43always have to be right . But the best

47:45traders , well , the way I see it , you're

47:48essentially playing . For example , I

47:50open quite a few trades a week .

47:53Essentially , in each of them , you're

47:55betting on the market's movement . But

47:58you have statistics that confirm your

48:00edge . You're no longer a player , you're

48:04a bookmaker , and you only need a 1-2 %

48:07edge over the market . Spread that out

48:10over a long period , and suddenly you're

48:12making money . Especially if you

48:14remember about the prop and access to a

48:16lot of capital . You have capital and an

48:18edge . Makes sense .

48:19>> I get it .

48:20>> You know what I mean ? Do

48:21>> you usually open any trades yourself

48:23during your live streams ? As for manual

48:26trading , speaking about me personally ,

48:28I don't know if I can say that , but I

48:30like it . It's fun . There's no emotion

48:34left in my trading , and that sounds

48:36boring . What do you feel when you open

48:38a trade ?

48:39>> Yes , the same as everyone else ,

48:41although not anymore . But before , it

48:43would hit you , you'd check and think , "

48:45I'm up 2 % . " Should I close it or not .

48:49What should I do ? Like a rabbit in the

48:51headlights . I often tell people that . I

48:53decided to do it this way . I have clear

48:56rules for managing risk within a trade .

49:00What I do at each stage never changes .

49:04It's like a robot . Maybe someone can

49:07trade manually as well , but I'm quite a

49:09risk-taker by nature . And when I trade

49:13manually , I can't constantly control my

49:15emotions . I know myself , so I build

49:18systems , they do it for me . So what do

49:21I feel when I open a trade ? The same as

49:25everyone else . I suddenly watch the

49:27dollars jump up and down and think , "

49:29This is real money , I need to close the

49:31trade . " But this is one of those things

49:34that you can't develop without

49:35experience . It's human instinct , this

49:38attitude towards money when you see it

49:40jump around . It's emotions .

49:43>> And how long does it take to gain

49:44experience and become a profitable

49:46trader ?

49:46>> On average , I'd say 4-5 years .

49:49>> 4-5 years . Why so long ? Because the

49:52typical cycle a trader goes through is

49:54usually the same . People usually come

49:58for one reason : to make a quick buck ,

50:00because that's what they were told

50:02online . They stick to trading for two

50:05years , and then they get beat up . I

50:08think most people will say , " I lost

50:10money the first time . "

50:11>> And what percentage of people , in your

50:13opinion , survive to these 4-5 years ? A

50:15lot or a little ?

50:16>> No , very , very few . I'd say somewhere

50:20around , I think that's a good question ,

50:22my prediction . I think between 3 and 5 %

50:25survive to 4 years in trading . Too many

50:29scars . Honestly , if it weren't for my

50:32job , I probably would have done the

50:34same . I just remembered a really funny

50:37meme . Something I used to play when I

50:39was little . Remember , there was this

50:40game where you ride a bike along drawn

50:42lines . Well , that's just a game .

50:44>> Yeah . Yeah . Yeah , exactly like that .

50:46Many people can't get through that .

50:48Step over . The industry itself is

50:50partly to blame for this . But that's

50:52probably why I do what I do . You can't

50:57reach everyone and make everyone a good

50:59trader . What do you think about the way

51:01trading is advertised now ? So many

51:03bloggers and influencers talk as if

51:05it's incredibly easy . They show trading

51:08on huge accounts , demonstrate a

51:09beautiful , expensive life and

51:11everything else . Do you think this is

51:13ultimately good or bad for the industry

51:15? Bad . This is one of the main

51:17complaints . People are generally

51:19allowed to behave this way , but social

51:21media also responds . I think this is

51:24one of the main reasons for traders '

51:26failure . Here comes a person in their

51:29early 20s , starts trading

51:31>> TikTokers .

51:32>> TikTokers , yes . They come with

51:34expectations from the internet , as with

51:36everything in life . What you see on the

51:39internet is what you consider to be

51:40true . And when you come to such a risky

51:44thing as money management or trading ,

51:46people automatically consider

51:48themselves to be the person they saw on

51:50Instagram or on TikTok , who makes a ton

51:52of money streaming . Some , yes , I'm not

51:56talking about everyone . There are

51:59excellent traders who , indeed , earn a

52:01lot , but there are also a large portion

52:03of those who simply present a glamorous

52:05life to sell trial challenges , bring

52:07clients to a broker , and collect their

52:10commission . This is an affiliate

52:12business . In itself , it's quite normal ,

52:15but this presentation creates false

52:17expectations about trading . People come

52:21and think that's it , see a bright

52:23picture , a glamorous life , which is why

52:25they came to trade . And then the market

52:29crashes , and you think : " It's me , I'm

52:31doing something wrong . " And they blame

52:34themselves . They lose money , follow

52:36signals , overestimate their leverage

52:38and risk . After all , that guy does the

52:42same thing . He sits with his phone in a

52:45Lamborghini and rakes in the money .

52:47It's easy . It's easy . In the first

52:50couple of years , people realize it's

52:52not that easy . Many can't stand this

52:54disappointment and quit trading . They

52:57think : " Oh , come on . " " screw it . " And

52:59those who survive are those who say : "

53:01I'm still going to make money trading . "

53:04And who do you watch on social media

53:06and YouTube ? Maybe there are some

53:08educational channels where you find

53:09interesting ideas ? I believe in this

53:11podcast format . I think it can be very

53:13useful for the viewer . You can not only

53:15talk , but also show trading itself ,

53:17explain the basics so that the person

53:19understands . Take Worlds of Wisdom . The

53:22trading podcast is becoming more and

53:23more profitable . Oh , sorry , more

53:25popular , I meant to say . Headliners are

53:27also gaining popularity in other

53:29markets . We explain different ideas ,

53:31show how other people trade . So , who

53:33else do you follow ? Who would you

53:35recommend watching to better understand

53:37the market ? Good question . I watch

53:40Worlds of Wisdom and other similar

53:42podcasts , but I still get most of the

53:44information on the internet from

53:46primary sources , from fundamental data .

53:50I don't follow individual people ,

53:52honestly , I don't . And the reason is

53:55not at all That I don't trust them . I

53:58have friends in the industry , they

54:00produce the same content , but I form my

54:02own opinion . That's my job . My job .

54:06Okay . Then the next question . This is

54:08more for experienced traders . Let me

54:11remind you again , I've been in the

54:13market since 2009. And here's what I

54:15encountered . At first , you need other

54:17people's forecasts . Where will Bitcoin

54:19go ? What will happen to gold , what to

54:21expect from the S & P ? You need someone's

54:23analysis , someone's insight , to

54:24understand what's going on in the

54:26market . But when you gain experience ,

54:28all this noise starts to get in your

54:30way . You have your own thoughts , your

54:32own idea , and your own strategy . Then

54:34you open YouTube and start listening to

54:37some analyst , for example , you or our

54:39channel , it doesn't matter who exactly .

54:41And this person says the exact opposite

54:43. You start doubting your strategy ,

54:46you're not so confident in your own

54:47opinion and in what you're doing , and

54:49everything breaks down . How do you know

54:52when it's time to stop listening to

54:54other people and finally start Trust

54:55yourself ? That's a very good point . I'm

55:00trying to figure out when this happens ,

55:02but I've personally lost a lot of money

55:04on this , and I understand how to act .

55:07Then I listen to others , change my mind

55:09, and end up wrong .

55:10>> I think when you've been consistently

55:12in the black for a year in a row .

55:14>> For how long ?

55:14>> So , first you need to close the year in

55:17the black , and make a profit for the

55:18entire year , right ? Yes . If you close

55:21the year in the black , I mean the

55:23entire year , and you've earned a

55:24sizable amount . I usually compare it to

55:27a hedge fund's return . Try to exceed 10

55:30% for the year . It doesn't seem like

55:32much , but if the account is large ,

55:34that's already quite serious money .

55:36Then you don't have to listen to me .

55:39Well , you know , you know . Listen , this

55:42is interesting . I need to understand

55:44traditional markets more deeply . I

55:46don't trade much myself , but I've spent

55:49the last few years in crypto . After all

55:51, we've been producing the largest

55:53podcast about cryptocurrency trading

55:55all this time . So we're pretty familiar

55:58with this market . We understand how it

56:00rises and falls . But here , it seems ,

56:02everything It's set up exactly the same

56:04way . Yeah , I'm on a fifteen-minute

56:06chart . And Dannonpharma's only been

56:09around for an hour , so the volumes are

56:11pretty low right now . Do you think the

56:12price will hold still ? Just

56:14>> for a little while ? Yeah . Nothing's

56:16happening . If you want to see what I

56:19usually do in manual trading , it's very

56:21simple . I keep my technical analysis

56:23and charts pretty clean . I'm not one of

56:27those people who has a million things

56:28on the chart . Here's what I do in a day

56:30. Let's use today's example .

56:32>> Sorry . DXY is the dollar index .

56:35>> Yeah , the dollar index .

56:36>> Okay . It's

56:37>> my most important benchmark .

56:38>> Okay . But you can't trade it .

56:40>> I don't trade it ,

56:41>> but it helps me understand the market .

56:44That's where I start my analysis . If I

56:47understand what's going on with the

56:49dollar , I can predict where other

56:50markets will go .

56:52>> If you also know about the dollar ,

56:53you'll be a trillionaire .

56:55>> Yeah , I wouldn't be sitting here

56:57anymore . First , I figure out what's

56:59going on with the dollar and interest

57:01rates . Things depend on that . Other

57:04markets I trade . Currency pairs , gold ,

57:08oil , silver , and so on . That's my first

57:11step . What's my economic direction ?

57:15What am I looking for ? Okay , I see . The

57:18feed-in reserve rate is 50/50 . So , if

57:22the data shifts to the soft side ,

57:24towards holding the rate , I need to

57:26watch the dollar's weakness , because

57:28the lower the rate , the lower the

57:29dollar . Simply put , the higher the rate

57:32, the higher the dollar . How do I know

57:34this ? I look at the non-farm payrolls ,

57:37I look at inflation . What do the

57:39underlying data say ? If the economy is

57:42strong , inflation is strong , and the

57:44labor market is strong , that means the

57:46feed-in reserve will be tighter . But if

57:50the data weakens , the economy slows ,

57:52inflation is lower , the labor market is

57:54weaker , and the gross domestic product

57:57is weaker , then the likelihood of a

57:59rate hike falls . After all , a weak

58:01economy needs to be stimulated by

58:03lowering the rate . That's already an

58:05argument for selling the dollar . First ,

58:08I form an opinion about the market , and

58:10then I look for a deal . Right now , for

58:13example , my expectations have

58:14completely changed compared to with the

58:16beginning of the year . At the beginning

58:20of '26 , everyone was expecting a rate

58:23cut . No one doubted it . Then the war

58:25started . Oil prices rose , inflation

58:28isn't abating . The Fed is leaning

58:31toward keeping the rate unchanged . Look

58:33at the annual dollar chart for 12

58:35months . Here's this candle . At the

58:37beginning of '26 . Look here . The market

58:40was expecting a rate cut . And what did

58:43the dollar do ? Where's my instrument ?

58:46The dollar started the year here , at 98

58:49, and went down to 95.

58:52>> Okay .

58:52>> Precisely because the market

58:54>> was expecting a rate cut this year .

58:56Then the war . Follow the cursor . War .

59:00And suddenly the probabilities up there

59:02start shifting . No , we won't cut the

59:05rate now . We'll keep it as is . The

59:08dollar index has recouped all its

59:10losses . And now we're talking about

59:13raising the rate . Expectations are now

59:18opposite , and the dollar is rising .

59:22This candle best shows how chaotic '26

59:25was . There was no clear direction . This

59:31coincides with the results of many ,

59:33though not all , mechanical strategies .

59:36The year was good for trading It's

59:38tough . War , uncertainty , a new Fed

59:41chairman . What policy will he pursue ?

59:46And Trump is putting pressure on it ,

59:48adding to the uncertainty of where the

59:50dollar is now . It's where it was at the

59:52beginning of the year . First down , then

59:54up , now almost at the same level , and

59:56it's already September .

59:57>> And what's happening with yields ? I

59:59mean the yield on thirty-year bonds .

1:00:01>> Yes , they're also at record highs now .

1:00:04Five ,

1:00:04>> yes , judging by what I saw ,

1:00:06>> you have a chart ,

1:00:07>> yes , I'll show you the yields . Looks

1:00:09like stimulus is needed again . I just

1:00:12showed them . Don't look at that .

1:00:14There's a correlation here . There

1:00:16>> may be a correlation .

1:00:17>> I can show you a very interesting

1:00:19example of the relationship between

1:00:21gold and oil . Where's the chart ?

1:00:26>> Oh , my God . They want to stop it . Why

1:00:31is it 51 52 ? I

1:00:33>> don't know . No , that's not the right

1:00:35chart . Don't look . US thirty-year bonds

1:00:37. I'm

1:00:38>> not familiar with these indices , so Yes

1:00:40. Here's this government bond . Yes , I

1:00:42get it . That's

1:00:44>> where we are . Oh ,

1:00:45>> my God , it looks like you've already

1:00:47worked with with this chart .

1:00:49>> Yes , this is my Smart Money Concepts

1:00:51indicator . It's not mine , I didn't make

1:00:55it , but it shows where all the blocks

1:00:57are and where the structure is broken .

1:00:59In general , the expectation is visible

1:01:02here , because this , in essence , says

1:01:04what will happen with inflation ,

1:01:06especially at the short end of the

1:01:08curve . Now let's look at the

1:01:10twenty-sixth . You can switch to the

1:01:12daily chart instead of the hourly one .

1:01:13>> Yes , it's more convenient that way . Oh ,

1:01:15my God , we're at the highs here .

1:01:17Wherever you look .

1:01:18>> Yes , look . At first , when we were

1:01:20expecting an interest rate cut and it

1:01:22seemed like inflation was already being

1:01:24brought under control , yields were

1:01:26constantly going down . Then the war . At

1:01:29the end of February , risks for the

1:01:31market increased . Because of oil , the

1:01:33risk that inflation would start

1:01:35accelerating again increased . And

1:01:38yields went up sharply . This , of course

1:01:40, puts pressure on gold , on its price ,

1:01:42and has generally supported the dollar

1:01:44since the beginning of the year . But

1:01:47now , in my general feeling , the market

1:01:49has already gone a little too far .

1:01:53We've gone from a rate cut to hold , and

1:01:55now to a 50/50 increase . I think it's

1:02:00more likely that they'll keep holding .

1:02:02A hike by the end of the year is

1:02:04possible ,

1:02:04>> but there are only three meetings left .

1:02:07I'm not sure it will happen next year .

1:02:09Yes , and there are also midterm

1:02:11elections . In my opinion , it's more

1:02:13logical to keep everything more or less

1:02:16as is , because there's too much

1:02:17uncertainty . And what does this mean

1:02:20for trading ? That's how I'm going

1:02:22through the process . What does this

1:02:23mean for trading ? By the way , I could

1:02:25be wrong . But I say : " Okay , if the

1:02:27market has gone too far , pricing in a

1:02:29hike , and I think they'll leave the

1:02:31rate unchanged , then that's an argument

1:02:34for shorting the dollar in the next

1:02:36month . " I'm holding onto this view

1:02:38until the data changes . If the labor

1:02:41market is very strong , I'll have to

1:02:43adjust . That's my thinking for now .

1:02:45That's it , that's enough . I open the

1:02:48chart . Dollar index . Does the

1:02:51technology confirm my idea , or should I

1:02:53go for the euro-dollar , for example ?

1:02:55Does the technology agree with this ?

1:02:57>> Oh , my God , it seems like I've been

1:02:58like that for years now I haven't

1:03:00opened the EUR / USD chart for 20 years .

1:03:01I can't even remember the last time I

1:03:03even looked at it . I don't see anything

1:03:06interesting there compared to crypto .

1:03:09Yeah . And then I say to myself , " Okay ,

1:03:12I have a sign that there's going to be

1:03:14weakness . " " Sorry , sorry . What's the

1:03:16average daily movement here ? If you

1:03:18calculate it as a percentage , it's

1:03:20about 0.1 % . That's where it's

1:03:22>> clear that you and the scripts are

1:03:23involved , because ...

1:03:24>> Yes , because for me , a typical daily

1:03:26movement is somewhere around 6 or 7 % .

1:03:29Honestly , Forex is definitely the most

1:03:31difficult asset class to make money on .

1:03:34I showed you the strategy .

1:03:35>> Okay ,

1:03:38>> gold and three different indices .

1:03:41>> Why ? These markets are generally

1:03:44growing , so I trade more often on the

1:03:46rise , and over the long term , you

1:03:48>> can't always be bullish or bearish on

1:03:50the euro-dollar . It's a neutral market .

1:03:54Specifically , here's the annual chart ,

1:03:57look . It's unchanged since 2003. I

1:04:00remember the euro was 32-35 per dollar .

1:04:05I traded it then . It's hard to make a

1:04:07consistent profit on Forex .

1:04:09>> Got it .

1:04:10>> Especially with an automated strategy .

1:04:12>> Of course .

1:04:13>> And strong Forex traders . Can you

1:04:15briefly explain to me what smartmoney

1:04:17concepts are ? Like you'd explain it to

1:04:19a five-year-old , So I can understand

1:04:21what the whole idea is ? Have you heard

1:04:23of ICT ? What is ICT ? This is a trader

1:04:27who , as far as I know , came up with the

1:04:30smartoney concepts . I hear a lot about

1:04:32it . Most of my friends trade using them

1:04:35. Everyone is interested . I'll explain

1:04:39some of the ideas now , but this

1:04:41particular trader got everyone hooked .

1:04:44Essentially , he took well-known ideas

1:04:46and repackaged them . The marketing was

1:04:49excellent . He made a lot of money on

1:04:52smartoney courses and his strategies .

1:04:56And then it all got picked up . Go to

1:04:58TikTok or YouTube . Almost any Forex ,

1:05:02commodities , or futures streamer breaks

1:05:04down smartoney . Order blocks , liquidity

1:05:07withdrawal . The main idea of this

1:05:10approach is this : large market

1:05:12participants look for levels at which

1:05:14retail traders set their stop-losses .

1:05:19For example , this high on the chart .

1:05:21Let's look at it . Here , for example , is

1:05:24this high on the EUR / USD chart . Let's

1:05:29say you're a retail trader . I'm asking

1:05:31very simply : where will you place your

1:05:33stop-loss ? Stop-loss if you're selling ?

1:05:37Many will answer , " At the high . " Sounds

1:05:39logical , right ? If I sell , I set a

1:05:41stop-loss at the high and buy at the

1:05:43low . But according to SmartMoney's

1:05:46theory , banks and other large

1:05:47participants intentionally move the

1:05:49price to these levels to take away

1:05:51liquidity . They need it . After all ,

1:05:54they act as market makers . They need

1:05:57liquidity to reverse . You laugh ,

1:05:59thinking , " Nonsense , but that's the

1:06:01theory . " I don't believe in it myself . "

1:06:04As if banks really need stop-losses

1:06:06from traders with $ 500 accounts . They

1:06:09collect this liquidity and turn the

1:06:11market back down . In general , I agree

1:06:14with this , because I know it from the

1:06:16market maker's perspective . The problem

1:06:18is with limit orders , not market orders

1:06:21. For a large position , you need

1:06:23liquidity .

1:06:24>> That's true .

1:06:25>> But I have absolutely no idea how this

1:06:27works on the euro-dollar . I don't know

1:06:29how such orders are executed there . But

1:06:31in crypto , I understand how it works .

1:06:33If you need to buy a large position or ,

1:06:35conversely , sell a large volume , it all

1:06:37depends on the order book .

1:06:38>> The order book , yes . Yes .

1:06:40>> To buy a lot of Bitcoin or Ethereum ,

1:06:42you need someone to sell you this

1:06:44entire volume . Yes ,

1:06:46>> that's why it's sometimes easier to

1:06:47move the price first . But how does it

1:06:49work on the euro-dollar ? I don't know ,

1:06:51I

1:06:52>> think it's the same . The theory is the

1:06:55same for all markets . Smart money is

1:06:57built on things like this . And then

1:06:59people do this . Let me try to find an

1:07:01example .

1:07:02>> This concept is very popular in the

1:07:03English-speaking world right now , yes .

1:07:05The main thing is ,

1:07:06>> as an analyst , I constantly encounter

1:07:09it . I like SmartMoney myself , but

1:07:11people come to me and say , " This is the

1:07:13only way to make money . " The next

1:07:15question is : how does it help you ?

1:07:17>> For me , it's the same tool as a moving

1:07:19average . I don't think one approach is

1:07:23necessarily better than another . It

1:07:26doesn't matter to me which one I use .

1:07:28If people are interested in learning it

1:07:30, great . I ask , " What do you like ? What

1:07:35do you like to mark on the chart ? Order

1:07:37blocks , imbalances , structure

1:07:39breakdowns ? " " Then use Smart Money . If

1:07:42it suits you . You have to like the

1:07:44process , right ? It sounds scary , but

1:07:46you have to . What do you mean ,

1:07:48>> like it ? So I'm studying the chart and

1:07:50thinking , ' Okay , let's take a better

1:07:52market . ' I'm looking at gold . Now I'm

1:07:56looking at where the order blocks are ,

1:07:58and I say this : there's another problem

1:08:00with gold . It doesn't just depend on

1:08:02the dollar . Gold can be used as a

1:08:04>> reserve asset , or buyers can sell

1:08:06depending on whether people are ready

1:08:08to take risks now or , conversely , want

1:08:11to take risks . Of course , but I'm

1:08:13talking about pure technical analysis .

1:08:15When I say like it , oddly enough , you

1:08:18should like coming and marking the

1:08:20chart , the breakdown of the structure ,

1:08:22these blue zones , these are order

1:08:24blocks . If you like it , stick with it .

1:08:27And don't think that if you don't trade

1:08:29Smart Money , you'll never be in the

1:08:31black . That's not the point . There are

1:08:34hundreds of different methods . Some

1:08:35trade without indicators at all and

1:08:37without technical analysis . Some trade

1:08:40only Elliott waves or whatever . This It

1:08:43doesn't matter . People get hung up on

1:08:46this . That's why the cult of this

1:08:48trader and SmartMoney is so curious .

1:08:51They say that if you don't trade using

1:08:53his method , then you don't know how to

1:08:55do anything . But that's not true .

1:08:57What's the most important thing a

1:08:58trader needs to remember when trading ?

1:09:00What shouldn't you forget ?

1:09:01>> Entry rules . Do you follow a system ?

1:09:03>> And if there's no system , how do you

1:09:04find one ? How do you build a system ?

1:09:06People

1:09:07>> often ask , how do you build a trading

1:09:09system ? You need a lot of testing .

1:09:12There's no way to backtest it . Test it

1:09:14on future trades . You'll have to work .

1:09:17It seems easy to build a system . Now

1:09:19I'll tell you something boring . I would

1:09:22say this : find , study all aspects of

1:09:25technical analysis , choose the ones you

1:09:27like best , be it bullish order blocks

1:09:30with a 50th moving average . Find three

1:09:33to five coincidences or concepts that

1:09:35you like . First . Collect what a typical

1:09:38trade looks like for you based on these

1:09:40concepts . For example , I need the

1:09:43market to be above the moving average .

1:09:45This means I'm long . And I need a

1:09:47bullish An order block and liquidity

1:09:49withdrawal . Here it is , liquidity

1:09:51withdrawal , a reaction to our order

1:09:53block . And , let's say , if there was a

1:09:56moving average here , the conditions are

1:09:58met . I'm above the 50th moving average ,

1:10:00I'm making this up as I go . There was

1:10:03liquidity withdrawal downwards , there

1:10:05was a reaction , and there was a test of

1:10:07the bullish order block . There's your

1:10:10strategy . I'm not saying it's good , bad

1:10:12, or wonderful . And then don't think

1:10:15about anything other than how you

1:10:17manage money and risk in the market .

1:10:21Have a plan for when you're already in

1:10:23the trade , not just before it . You need

1:10:26a plan within the trade . Many people

1:10:28say it well : " Here are my entries . " 1 2

1:10:303 4 5 This is how I enter . And once

1:10:34we've entered , they're like : " What

1:10:35should I do ? I don't know what to do .

1:10:37Am I in the black or not ? " " Because

1:10:39they don't manage risk inside the trade

1:10:41the same way they did before it . But

1:10:42you need to manage it both inside and

1:10:44before . Then you'll be able to think

1:10:46with the same calm mind . Because ,

1:10:47believe me , when you're a beginner and

1:10:50you see your money jumping around ,

1:10:52emotions kick in . You need a plan . I

1:10:54move the stop to the entry level . Some

1:10:57people don't like it , opinions vary ,

1:10:59but I've tested it on history and know

1:11:01the results . I move the stop at one to

1:11:05one or two to one according to the data

1:11:06. Sometimes , at one to one , I close

1:11:10half . I had to learn this . The trade is

1:11:13good , you think , why close half ? But

1:11:17believe me , really , believe me , you

1:11:19need some kind of plan , because the

1:11:21market gives you a completely different

1:11:24scenario every day , every minute . No

1:11:27two are the same . You need a pretty

1:11:29strict plan , otherwise you'll go down

1:11:31the drain . You think this is a trade

1:11:33like yesterday . Then you held out until

1:11:36five to one , made a good profit , I

1:11:38repeat . But it turns around and knocks

1:11:40out the stop . And you're already

1:11:42confused , how to do it , how not to Do.

1:11:45Choose several options . Stop at one or

1:11:47two . Check both . It works . Stick to it .

1:11:52It didn't work , but you did everything .

1:11:54You followed the strategy . The risk is

1:11:56under control . You don't give in to

1:11:58emotions , you follow the rules . Now say

1:12:00: " The strategy isn't working . " Let's

1:12:03look for another method . " And trading

1:12:06becomes much easier , because when you

1:12:08finally get this whole side of trading

1:12:10sorted out , you can calmly test

1:12:11hundreds of different trading

1:12:13approaches . A simple breakout of the

1:12:16range formed in the first hour after

1:12:18the index opened . This is my strategy

1:12:21on DAX . The intersection of Magdi with

1:12:24EMA220 . Random , but it works . Risk is

1:12:26under control . I backtest one , two ,

1:12:29five strategies , even 100 or 200. This

1:12:32is good . This too , this is garbage .

1:12:35That's how I found my approach . And it

1:12:38works . That's all for today . Thanks for

1:12:40watching . Let me remind you , subscribe

1:12:44to Conor and our YouTube , Instagram ,

1:12:46and Telegram channels , wherever is

1:12:48convenient for you . That's where we

1:12:51share our thoughts . Do what

1:12:54>> you love , because what you can do , no

1:12:56one else can . See you . Thanks , buddy .

1:13:00>> Yeah . Great . Well , handsome ,

1:13:02congratulations and thanks for watching

1:13:04this far . I think it turned out super

1:13:06interesting . And Now I'm really

1:13:08interested in something else . How was

1:13:10it for you ? Because we're just starting

1:13:12to create this format . We're looking

1:13:14for guests , translating , adapting

1:13:16everything into Russian , and trying to

1:13:18open up people , businesses , and entire

1:13:20markets for you that , well , we simply

1:13:22haven't reached before . So now I'm

1:13:24really asking you to write in the

1:13:26comments what you thought , what worked ,

1:13:27what didn't , what annoyed you about the

1:13:29translation . I don't know what could be

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1:13:34we want to make the next episode taking

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1:13:46episode . And I'm off .