Foreign In terms of the percentages that make up someone who makes money versus loses money, you're actually arguing I believe that you're saying 90 95 is exclusively your discipline. So I would love to talk about that with you. Yeah, I mean that this is what I do I follow my process. That's it.

I believe my process is going to work which is based on more than anything else, the fact that it has worked. Okay, um, so it therefore hopefully should continue to work. You know I believe in what I'm saying um that a large percentage of people lose. So if I can figure out how to get on the other side to me, that makes inherent sense.

Um, but it has worked. So I mean I've been managing this process for over 20 years so I haven't had it down year in 20 years so it has worked. So I my job is to follow the process and how do I stay so disciplined? I mean I just look out here. I have a house here with kids I have to put food on the table that that's the goal here.

You know what I mean I got colleges to pay for I got whatever right? That's the goal here. Not fun. If I want to go have fun I I pick up my guitar and I play okay, um or I go see a band or I do whatever it is that gets me going right? This is not the fun part of my life. this is business.

So I yes, I I have to be very disciplined. It's very easy for me to be very disciplined to this. All I have to do is go back and think about when I was broke. okay and think about how much I don't want that to be the case right? All I have to do is think about.

if this doesn't work, what the hell am I going to do it with my life I don't know how to do anything else nor does anybody else want me to do that for them. you know. So do I want to go and drive a UPS truck? Not to this UPS Truck drivers I have a friend who's a UPS truck driver. He does very well but that's not what I want to do.

so this is what I want to do. So therefore, it keeps me very disciplined to what I'm doing. I think discipline is I agree is probably the most difficult thing for a Trader to really harness and you've even mentioned that like yeah, that's like a big thing that you've even personally had to work on in studying your methodology And some of the things you've previously said, you've echoed the words of Jesse Livermore of your best trades or a lot of the times from caused by just sitting on your hands. Now you have a perfect story that exemplifies that I believe you on a trip with a friend to Africa Can you share with the audience what happened there and what you learned about the markets and your discipline from that? Well, I spent a year in Business School um and while I was in business school, I was trading right and this was still a sort of Boom bust cycle type of thing.

but I was trading. this was pre I wouldn't call it pre-internet but it was really pre-usable internet. it was 1995 or 96 something right when you would load web pages and they would take like 10 minutes to kind of load. you know what I mean.

So I wasn't using the internet. so my broker who was in Hong Kong um was faxing me every day the Hang sing index chart which is really what I was trading mostly um and I was sort of trading in and out. I was sort of in like a two three days sort of thing where I'd buy. you know I'd trade this stuff in and out.

Um and I was doing okay I was making some money I'd gotten pretty good at what I was doing at that point. Um, but I went with a friend for Christmas break three weeks to Africa and um for whatever reason I was bullish. the hanging index okay and I I said to my broker look, I'm staying long here. If it goes back through here, then stop me out, right? Otherwise, I'll call you in three weeks, right? Um, so I called him in three weeks and the market had gone up like I don't know in those three weeks like 15, 20 or something like that.

Wow, and I made more money on that trade than I made the entire year doing the other crap. not just more money, but probably five times more money than doing all that other stuff right. And truthfully, I would have made more money because I called them in three weeks I said where's the market he said it's here I said oh my God sell and I took my profit and if I'd waited another three weeks, I probably would have made another 50, right? But I can guarantee you if I was sitting there instead of being in Africa where I couldn't contact anybody right there were no cell phones back then. Um, if I'd been there looking at the charts and then he was tracking, there was no way I would have just sat on that the whole way like that.

No, no chance, no chance. So it gets to that Jesse Livermore point where the the majority of her money is made in the city. Thank you.