Real Money Real Results - First Year Trading Expectations

Introduction and Disclaimer

The video series is important, and viewers are advised to read the disclaimer as it is applicable.

Importance of the Video Series

• The video series is significant for understanding realistic expectations and possibilities in trading.

• The mentor's opinion on what students should expect will be addressed in these videos.

Realistic Expectations in Trading

The mentor discusses the question of what is realistic and possible in trading.

Mentor's Opinion on Expectations

• The mentor shares their opinion on what students should expect in trading.

• Results from the mentor's initial trading with the account will be examined.

• Opening range for January 2022 will be analyzed.

Examining January 2022 Statement

The mentor opens up the statement for January 2022 to provide a detailed analysis.

Detailed Analysis of January Statement

• The mentor funded the account with $25,000 in anticipation of the new year.

• A PDF file of the statement will be provided for viewers to download and analyze every transaction.

• Majority of what will be seen is a scenario created by the mentor to address various aspects such as drawdown correction, overtrading correction, mitigating losing streaks, and avoiding excessive leveraging.

• Trading was conducted on one contract at a time, except for instances of reversal trades.

Matching Printed Statement with Actual Hard Copy

Ensuring that the printed statement matches the actual hard copy.

Verification Process

• The time when printing occurred matches with system time.

• Viewers can download the actual PDF file to see every transaction and verify it themselves.

Account History and Initial Trades

Reviewing the account history and initial trades.

Account History

• The mentor shows the full account number for verification purposes.

• No trades were taken on several days initially.

• The first trading day was on January 14th after funding the account with $25,000.

Rushing into Live Trades

Discussing the common mistake of rushing into live trades.

Common Mistake

• Traders often rush to enter live trades without patience, leading to larger losses than necessary.

• The next trading day is shown as an example.

Unexpected Deposit by Broker

Highlighting an unexpected deposit made by the broker.

Unusual Deposit

• The broker deposited over $200,000 into the account, which does not match any record of trades.

• This discrepancy raises questions about transfers and spending habits.

These notes provide a clear and concise summary of the transcript, organized in a logical manner using timestamps when available.

Dealing with Account Issues

The speaker discusses an incident where money was taken out of their account and mentions that they will provide more details.

Money Taken Out of the Account

• The speaker mentions that there was an incident where money was taken out of their account.

• They express surprise at this happening, as they did not expect such a large amount to be deducted in just a couple of days.

Providing More Details

The speaker shares additional information about the trading days and their efforts to fix a drawdown.

Analyzing the Next Trading Day

• The speaker states that the next trading day was not particularly eventful.

• They mention that traders become more interested in fixing drawdowns during this time.

• The speaker advises going back to one's initial strategies and working towards recovering from a drawdown.

Addressing Online Criticism

The speaker talks about an online troll who claimed they added money to their account, leading to false accusations. They provide evidence through actual trades made.

Responding to False Accusations

• An internet troll accused the speaker of adding money to their account.

• The speaker clarifies that these were actual trades made and not due to any manipulation or additions.

• They challenge the troll by presenting evidence of real trades conducted on their account.

Addressing Ad Revenue

The speaker addresses claims made by someone regarding ad revenue and emphasizes the focus on business growth.

Clarifying Ad Revenue Claims

• Someone suggests that the speaker should delete their channel because they are earning ad revenue for personal expenses like a pool.

• The speaker dismisses this claim, stating that they are focused on growing their business.

Emphasizing Trade Execution

The speaker highlights the importance of sticking to one's trading plan and being content with executed trades.

Importance of Trade Execution

• The speaker emphasizes the significance of taking trades and being satisfied with them.

• They stress the need to follow one's trading rules and avoid overtrading or unnecessary actions.

Dealing with Mistakes and Winning Streaks

The speaker discusses how mistakes can occur during winning streaks and demonstrates a scenario involving revenge trading.

Mistakes During Winning Streaks

• The speaker explains that winning streaks can lead to a mindset where traders second-guess their decisions or try to fix perceived errors.

• They demonstrate a scenario where they repeatedly execute trades to simulate revenge trading behavior.

• The speaker advises stopping such behavior, even if it means ending a losing trade, in order to regain control.

Correcting Trading Frequency

The speaker explains how correcting trade frequency can help improve performance and shares details of a successful trade.

Correcting Trade Frequency

• The speaker suggests lowering trade frequency as a way to correct oneself after making mistakes.

• They highlight the importance of following rules, finding setups, executing trades, and then stopping when necessary.

• Details of a successful trade are provided as an example.

Calculating Rate of Return

The speaker calculates the rate of return for January based on ending balance compared to starting balance.

Rate of Return Calculation

• Using a calculator, the speaker determines the rate of return for January by dividing the ending balance by the starting balance.

• The rate of return is calculated to be 22% for the month.

Timestamps are provided in the format hh:mm:ss, where XXX represents the number of seconds.