Tell us about the your journey of trading that big money and like now you're starting to sling like your winners, your losers. how'd that go? Were you crushing it right out of the gate? Are you a modern-day Warren Buffett or it was it a little bit different I I did have success pretty early, however my risk management was horrendous. I was actually always the guy that so the senior Traders the senior PMS would actually have uh of their computer monitors would be their um like the risk parameters of all the Traders underneath them and they were responsible for making sure that nobody went outside their risk thresholds I was always pushing the envelope of that risk threshold um and I never had a problem having big Winners like I was I was able to have big Winners but my losses were also very big and and my I was not like I was a much better Trader than what my actual P&l performance was showing because my L loses were so large and I would I would refuse to admit when I was wrong I I kind of had this sense of the Market's wrong I'm right. it's just you know the Market's going to realize this you know in a couple of minutes or hours or days and and I got myself into into positions that I could not get out of without taking a massive hit.

and um, it was one quote that my boss who was actually one of the partners of the fund A quote that he said that has stuck with me forever and it's something changed my entire trading career which is successful Traders are more concerned with how much they're going to lose if they're wrong struggling Traders are more concerned with how much they're going to make if they're right and if all you think about is how much I'm gonna make if I'm right then those losing trades become very difficult for you to control and keep small. You can't control how much money that you're G to make on a trade right? If if, if, if, if we go ahead and we get long Tesla we don't know is Tesla going to go up 10 bucks? 20 bucks 50 bucks. Like we don't really necessarily know how far the stock is going to go so we can't control how much we're going to make. But if we buy Tesla and it drops five bucks and we get out of the position, we know exactly how much we're going to lose.

So focus on what you can control and being a good Trader being a consistent profit Trader is more about losing the right way than it is winning the right way and a lot of people don't really understand that everybody it gets so you know fixated with these like huge wins and these huge trades people post on social media I've been there I've had the huge trades but I also have huge losses and if you want to really become successful the only way for you to make more money. don't worry about making more money when you're right, the easiest way to make money is lose less when you're wrong. And and that change in my trading is what really helped me turn the man. it's interesting you bring that up, uh, this similar realization, but for me it came a completely different way.

At the end of the year I Got my tax form and I noticed that yeah it said total net gains losses roughly break even. but it gave me the gross profits and the gross losses and I think so many times it's pushed to make those gains bigger and bigger and bigger and I thought to myself I was like if I just cut 10% of my losses, it's you're going to be a very profitable Trader All of a sudden, like change nothing of my winning trades. Let's just focus on keeping a little bit more control on the losses and then boom Very profitable. So folks, if you're listening to this, the next time you're doing your tax forms, don't look at just the net difference, look at your gross profit gross losses and think about it exactly what m saying here of like whoa whoa whoa.

If the if 90% of your focus is on just risk control I Honestly think your winners might just take care of themselves, but that's just my thoughts. So with this awesome quote that I fully agree with, where did this all happen? Where you're kind of a gunslinger, We'll say big wins Big losses at one day what? you were getting a cup of coffee with your manager he's like he said this to you and like the heavens opened above and it was like just that almost like church music of or like what happened I I wish it was that that that Happ happy of a story it's not. um so one day I am I'm I'm in a position and I news came out this is actually um I'm their situation was when uh pretty sure it was with Steve Jobs this is when Steve Jobs was still around and and there was a a rumor that someone said that um that like I forgot the rumor he like he like fainted, jogging and and in uh Central Park and this like he was first getting sick and and it was like everyone the markets panicked when when this news came out and apple just tanked. absolutely tanked.

um and I'm just like stuck in my position not knowing really what's happening right? because it happened so quickly like what the hell is going on and then you hear this and you think oh my god did this guy just die like what's what's going on. Turns out it was a complete false report is somebody just made it up. It was a complete lie, the markets reacted and then eventually the markets recovered. but I got caught in that and I got so angry that I stood up from my trade station and the way that that the trading floor works at a fun you have like you know it's a like long long ways tables and you have all the Traders have all their stations set up and for me my my boss was really kind of mentoring me and taking me under his wing.

so him and I sat face to face but we can't see each other because all our screens are in the way. but our screens are back to back so we can communicate and you know I can communicate to all with all the Traders around me. So I stand up from my desk I grab my keyboard and I just snap it in half I I just I snapped it in half like space bar goes flying letter Q semicolon like but so I snaap this position but now I'm still in the position and now I don't have a keyboard to execute my trade. so so now I'm sitting there I'm like oh jok's on me now I can't do anything so I screamed to our Tech guy this guy's name is Ruben like six foot five 300 PB dude big teddy bear, nicest guy you'll ever meet but just a massive human being and I scream I go Ruben I need a keyboard so then Ruben grabs a keyboard and there 300 pound guy just running running down the trading floor right? so like hook up my keyboard for me and I get myself out of my position and and my boss just throughout this whole process doesn't say a word.

As soon as I'm finished and he sees that the position has been exited, he stands up over the over the computer monitors he goes Mike get off the floor kicked me off the floor I Went I Sat in the Traders Lounge we had like little Traders lounge with like you know PlayStation and massage chair and like you know, pingpong and all that stuff. So I went I sat in there for the remainder of the open remainder of the market hours. then he came in after the close and he didn't have to do this and this is why I Really do owe a lot to this guy and he came in, he sat down, he talked to me for maybe about an hour hour and a half and really just made me realize that telling me that he's like you have so much potential but you are standing in the way of your success. He's like if you do not get your emotions and your risk under control, you're going to fail So you have to decide how much does being successful mean to you? Is it mean enough? Does it mean enough to you for you to change? Does it mean enough to you for you to focus on the things that I am telling you you need to do in order to be successful? And and I mean I'm I'm summarizing, but like that, that conversation and that's when he told me that quote of the successful Traders versus struggling Traders and that is really what got me moving in the right direction.

It was. It was a gut check. It was a reality I was embarrassed in front of everybody, kicked off the floor, you know. And then that's what it took though for me to make that switch.