With a verified multi-year professional track record of over 110% it's normal to have phases where things work better and phases where things work less good you have to analyze did something change or am I still more or less within the bulk of my data when I am I should absolutely not start to change something in German we call it fiman which means we make something worse by trying to make it better in this episode Alex reveals the Harsh truth that retail Traders need to understand and we go through his systematic approach on technicals risk management
and how he trades a large portfolio you have to be process driven not result driven you start with building a strategy based on rules that have a statistical positive expectancy then you back test it so you have a bulk of data that you can actually see this actually over a big sample size works and then one thing that you should and Must understand is Bitcoin in my opinion you still have an opportunity to grab some of it while it's at the current price if you really think you missed the Train on bitcoin at 100 Grand
you haven't spent time to understand it so I encourage everyone that watching this understand Bitcoin psychology has become this scapegoats that people would say every problem must be the psychology and although there is elements of Truth in it I want to understand how you know When it's time for psychology and when it's time for actually let me fix my Edge so number one ladies and gents welcome back to another episode I'm joined by a special man so usually we have a lot of younger influencer type guests well today we have someone Alex thank you for
joining who has had a very um not usual life I want to say say and because you've had experience from retail Trader to then being a fund manager and now to kind of Hybrid retail and managing other people's money you find yourself in a interesting route but also put time into social media and doing a lot of things and off camera we've been discussing life tax politics a lot of things I'm excited for this episode thank you for joining Alex yeah I'm very happy to be here thanks for having me let's get started yes I
want I want to start off with some things that you've said so uh first of all you mentioned that you're Not a firm believer in technical analysis that's a pretty interesting thing to say and I want to take this opportunity to draw parallels between the average retail Trader that's looking online to learn strategies versus someone that was managing uh other people's funds what kind of approaches they have and and therefore their beliefs towards technicals so first of all what I want to say by that is that you know it's too naive of an approach To
think that technical analysis is the one missing aspect to success in trading or the one way to take it so there are what I usually say is that people sort of look for a one-dimensional solution for a multi-dimensional challenge that they that are actually engaging with here and the problem with technical analysis just the way it's been presented mostly in the education space is that it's sort of sold as a Magic Bullet some sort you know just have the The right uh auto block for lack of a better word or some sort of you know
technical analysis based type of secret or whatever I'll just call it nonsense um uh that will magically make you successful but the truth is is that there are more Dimensions to trading or to a working trading strategy first of all you got to have a statistical Edge it means that whatever approach you have in trading needs to have in your testing and in you know the actual strategy the Rule set and all of these things need to have a positive expectancy needs to be positive on paper but it also needs to be working for you
so if you and this is another misconception a lot of people try to copy somebody else's trading strategy and don't even realize whether it works for them or not you know constraints of your personality your time your location um your psychology all of these things are very very um individual and um that's why the way I Um approach a trading strategy is that you need to have I call it the seven building blocks so you need to have different blocks or or structures they need to be in place and they could work for anything from
scalping to position trading from crypto to Futures really doesn't matter when you um look at your rule set through the lens of these seven structures then in fact you know your probability of having something that you understand well that you are able to Reproduce and that is working on paper and actually then also you can directly do do it in life in the same way or very closely matching your tests then this is where you get to the money basically so for a a new Trader that wants to kind of build these seven blocks and
kind of get to a point where they're interacting with data and building a proven Edge how how would you go about navigating that so look at the end of the day um I'm also not trying to over complicate that So um the things is that part of these blocks is still how do I enter how do I exit these things are are definitely technical analysis related you know um is it a breakout is it a rejection is it a test what time frame what time of the day um but also you need to consider risk
management trade management um Market phase is something that a lot of people completely ignore are we in a trending Market are we in a in a um ranging market and as you add these Blocks to each other then you can also develop different plays you know um a lot of people like to trade for example the open of the market I was just speaking to your colleague here waiting for the Bell to start because they're looking for specific um movement or patterns in the market that they're going to capture in a very specific narrow time
window only you know so um as you then you know narrow these things down and they work with your locality And with your personality um so that's why I say you need to have a strategy that works for you then you are able to get to the point where you can also do it professionally in a way that you can again and again and again make money and when you lose you lose less than when you make money and this gets me also to the point which you know mindset is such word because a lot
of people think like mindset is some sort of a Tony Robbins jumping around sort of Thing and nothing against the guy he's OB super successful and he's helped a bunch of people all over the world I've also been to a upw myself and ended up jumping for whatever reason so well how was your mindset after that well it was um it into the sky obviously right but that's very important um you cannot force a positive mindset mindset comes from skills in my opinion of course the way you think will enforce your ability to build skills
and To put them into action because what we are when we are in the market is we're dealing with ad hoc situations you know sometimes the Heat of the Moment is for a regular person an unbearable stress and you even if you know what you wanted to do you may just freeze or forget or over leverage or add to the position or not exit when you should have and all of these psychologically rooted issues and in my opinion that's why I would even say is that mindset goes over strategy But you cannot build that mindset
without having the structured process of building a proper strategy that allows you to build the confidence and the ability and the skill set to get but what you build is not an end amount of you sophistication and strategy details there's really only a few ways you can kill an animal basically but your your ability to make decisions In the Heat of the Moment to Take risk when the opportunity is really there and to you know cut your risk when you better do it that is a skill that is comes from here and this is something
that you need to build I want to explore the interaction between technicals and fundament oh s technicals and psychology mindsets because it's a it's a hot topic that that people really overemphasize on one on the other just speaking to some Traders now in the Summits and having interactions with upcoming Traders so The crypto bull market is well upon us and with opportunities left right and Center why not utilize other people's money instead of your hard-earned money so introducing to you the world's first crypto prop firm bit funded and they've partnered up with an exchange to
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third one for free so click the link below this video to head over to the bit funded website and start to utilize Other people's money to benefit from the crypto markets whilst minimizing your downside I met a guy who was saying he's taking his technical are great and he's just struggling with his mindset so I was okay let's explore that he mentioned to me that he's taking seven to eight trades a day he doesn't use a stop- loss but for him his conclusion was psychology and I think psychology has become like you said is is
become this scapegoat that people would say every Problem it must be the psychology and although there there is elements of Truth in it I want to understand how you know when it's time for psychology and how when it's time for actually let me fix my Edge yeah so number one somebody that tells you his technicals are great and he uses no stop losses at all and he over trades that guy is [ __ ] delusional okay no offense respectfully like probably like I don't want to like attack that guy but uh reality is a [
__ ] better learn to deal with it in a correct way you know if you cannot accept reality for what it is and learn to understand it you will all your [ __ ] life Chase something that you will never ever have in my opinion so fixing your psychology is a a Fool's errand in that regard when um you know it's it's like saying uh I want to drive 100 miles but you sitting on a bicycle you know like like how your your the technology you're using or the means you Want to get to that
speed doesn't allow you physically to ever reach that end of story you cannot fight with reality you need to understand reality and work with it and then the aspect of mindset which still is 80% of how to become and stay prophet comtable in my opinion but then that aspect becomes or Center Stage or and actually allows you to become better than others or even have the ability to you know navigate um opportunities more successful than before but to say that Um you know your technicals are fine when then okay what are your statistics that's the
next thing like just ask them what's your hit rate what's your what Your pip expectancy let's start most people don't even know what it even means you know what's the average profit you're making per trade what's your average loser what's your average how many consecutive losses you had over the last 300 trades did you do 300 trades have you backed you know what I mean Like you got to have a bulk of data that you can start off of and then you can train your mindset another thing that I also teach in in uh my
uh mentoring for example is that you start to build a strategy building a strategy based on these seven principles that I explained and um basically then also something that works for you that you are interested in and then um you start back testing the whole thing back testing has a little bit let's just say the fallacy Is that you see the other side of the chart right so it's never it does you don't have that skin in the game like in in a real world situation but um One Step builds to the other so you
start with building a strategy based on rules that have a statistical you know positive expectancy then you back test it so you have a bulk of data that you can actually see okay this actually over um a big sample size works and then you go ahead and you actually should go Through something like a simulator like a flight simulator you think a pilot is going to fly a plane with hundreds of people's and responsibilities of lives without going through extensive simulator training first and this is a step I think a lot of people completely skip
they do they use like back testing but they never do simulation and and simulation could be life trading I actually encourage people to life trade um relatively early but don't bet the Farm on it because um the the psychological stress that you will then endure as you have real money on the line you that's something that you you you cannot simulate but nonetheless what you want to do especially let's just say even before you go to life trading if you go for something like a simulation which like a real time back testing you know not
click candle for candle is that let me simulate a time period and then compare it with my back testing how off Am I where am I off why am I off and this is then actually why you have the seven building blocks because then you can pinpoint your finger as to where's your weakness why are you're going off track you know this is I think and this is why a lot of people go to the explanation that psychology is their problem they say psychology is a problem because they don't have a [ __ ] clue
what their problem is in the first place I want to get to a point that a lot of Traders arrive and and it's one of the most common scenarios I see is that somebody CLA claims and let's take that claim as Truth for now but they're profitable in back testing they go through uh simulators as you said they they you know go through chart workor and they understand the markets they understand the charts and they have a strategy now when they go through simulators they get great results when they the moment they go towards a
demo Or Live account although they're taking the same strategy they're just not profitable why would you say is the reason people go from profitable in simulators and back testing and blowing accounts and failing in live markets would you attribute that Gap only towards psychology or could it be other things well psychology will be a big factor contributing to that Gap but nonetheless you cannot solve it with psychology only because again it could Be you're hesitant on the entries or you're don't you're not respecting your risk Like You on the others or um you know like
it it it could be a Nuance a simple Nuance in your actual technical execution and that's why again I um I speci these seven structures so that you can then look in which of these structures am I off of what I actually tried to do could it be simple you know like time of the day you know could it be like you know like you really that's Why I'm saying um if you if you don't know what it is it could be anything I don't think and what I also don't believe is that if someone
says like I'm I'm profitable in back tastic simulation I'm never profitable in demo um I call [ __ ] you know like like [ __ ] that if you're going to lie to yourself you really you really expect to get anywhere in [ __ ] life you know and by the way like I'm sorry to jump like topics you a little bit but this is what angers me About the trading industry it's become like this this Pond of rapper looking idiots that you know have neither skills nor are putting in the work um look like
[ __ ] for what I care you know and in fact pretend that they making money with trading whether they're actually Affiliates or brokerage owners or you know uh exactly so that that brings us on to an interesting topic which is obviously you have a more uh I want to say traditional Finance background or Rout where you have managed other funds and and you've you've been a fund manager so when you are comparing it from that perspective to the rapper look or the the flexer look uh obviously I can imagine from your shoes it's like
child childish one second sorry to interrupt you here just so a little bit of my backstory so I was a musician I tried to I had a failed musician career in my from the early 20s to the mid 20s and then but I was always interested in Trading so I um then I saved some money over six seven eight years and a friend introduced a Trader to me back then and I gave him the money to trade he lost it one same day and then that Trader came back two days later telling me Oh I
had a traffic accident or you just bring some more money I'll make it back for you and I I asked my parents to help me out they cashed out their retirement fund for me I put the money back in and we actually made the money back a day Later on equity in open positions and then the trader asked me hey should I close the positions if I had said yes on that day I wouldn't be here today I told him dude you just made 50 Grand on a [ __ ] day like yeah man I'm
going to be rich and then he said like okay let's wait until tomorrow and we're probably going to have twice the money next morning I wake up the account was Zero because we had an fomc in between the guy was running leverage like crazy and Basically so I lost not only my own money but I lost my parents' pension on top I had like six figure that so I didn't start from zero and like because people see me now as this hot shot you know institutional guy guys I was a retail idiot losing his parents'
pension okay um hundreds of thousands of losses I want to explore that Journey from um not even from zero which is probably most people rather from massive negative to then climbing not only back to zero But actually going towards managing other people's money I'm sure there's a lot of things you have to De developed not only from a mindset but also techn or technical strategy everything in between um can we get into a bit more of the specifics of exactly how to navigate the the markets specific approaches from taking a trade idea to an execution
what does that look like how does a good trade look like for you so um first of all you know um the things is that you Got to get away from this getrich quick sort of thing idea you know you you have to have like in the institutional world it's not about your profits today it's about consistency consistency is the currency or the value the intrinsic value of the fund business you know um and this is why people entrust you with money and this is why people are comfortable with um letting you um risk their
money in a way and I feel like in in retail trading consistency is like a Word that people like to throw around but most actually don't have it like for example also for me just to shorten that conversation about legitimacy I started a track record it's now about two years long it's on um I don't want to say the broker name doesn't matter but it's like a um a regulated platform um and two years I'm up about 110% draw down Max 10% in between you know and it's all there you know so so um because
why the [ __ ] would anybody listen to me or to [ __ ] anybody else anyway but for that matter and in the in the social media trading space you see cropped out trades I made 20K today I made 50k tomorrow whatever that [ __ ] um but they never show they losing traits and uh so what I'm trying to say is that consistency is is fake most people don't have it especially in the trading education space and the reason why this upsets me is that I was one of these stupid idiots that believed
that crap and lost his Money I got taken out like an idiot you know it was my responsibility in a way it was the best thing that ever happened to me in my life in a weird way so God has his great ways of making us or turning us into men if we really take on the challenge you know um but uh if you if you don't rise up to that occasion if you don't want to men up because you are thinking your problem is psychology instead of having a a an approach that actually has
a a chance of consistency In the first place which requires you to work with real world data with Real Results you know audit yourself and uh so so these things are extremely important that it look math and numbers don't lie the only thing that lies is you to your and to others and you have a world around you that you by Design unfortunately need to expect that it's lying you know and and that that's not just in trading it's a cultural thing just look at the media in general or the Kind of life that we
living or propaganda agendas and so forth you know it's everywhere it's everywhere and this why I don't blame these kids grow going into trading like that but at some point you you blame doesn't matter you either take on the responsibility and you really make something out of yourself or you [ __ ] don't and you know what nobody [ __ ] cares if you do or don't it's for you by you I want to explore the idea of everybody looks at Institutional guys institutional money hedge funds Banks and so forth as the gold standard and
and the reason I want to say that is because we assume that they know exactly what they're doing they're the ones with the degrees and the regulation and all of this now that you've kind of been on both sides of the of the coin looking at as the gold standard or not because one side of it is that well their goal is to just beat the markets it's 7 10 15% a year and the Investors are happy because as long as it's beating inflation and beating the S&P you've done your job as a as a
wealth manager but then on the other side just you you have a 2-year record of 110% so youve significantly beat the odds and beat the markets and then some um I want to kind of navigate is it realistic to compare ourselves to the institutions or is it a different ball game cuz an individual retail Trader we don't have the regulation we don't have The uh the restrictions that maybe they do we don't have the same leverage that they do so is it something that we should see as a pedestal as gold standard or is it
not even comparable the only thing that is gold standard about the institutional approach is that it's structured and rule-based so the biggest difference is that the reason they have rules is because they taking on other people's money and those people want to know what they're getting Themselves into you know and so you can't just decide oh to I'm just going to trade something else because if you do that you're going to get [ __ ] sued by a very rich guy you know okay makes sense makes sense so essentially you get used to work within
clear defined Frameworks so out of the dozens and dozens of prop firms that exist in the whole Space who can we really trust whether they use slippage whether they use types of draw down Unrealistic trading conditions every single prop firm has hidden tricks so after thorough research and speaking to a lot of Traders Alpha capital is definitely the best prop firm in the space so apart from there no commissions low spread no slippage great reputation never denying a payout because you are a Titans of Tomorrow viewer you get a special discount on every evaluation just
using the link or using the code to for Titans of tomorrow and this is what I feel is missing in the retail space that people hold themselves accountable to real rules um one day they're doing this another day they're doing that in the morning they do this in the evening they feel like that today they had you know their girlfriend busting their ball and all these things so do you think also the objective is different because a wealth manager I guess one of the priorities is capital preservation these guys are investing in a fund they're
Already rich they're not trying to get rich they're trying to just beat inflation keep their money safe maybe keep it aside so they don't spend it like there's a different objective whereas an individual retail Trader going through a prop there may be dead broke or very low financially their goal is to make some wealth first so they're more aggressive they're more like returns orientated whereas an investor is more Capital preservation Orientated do you think that that different approaches leads to different mindsets different strategies and therefore different outcomes well definitely yes but at the same time
the best way to make a lot of money is to have a proper approach and then just risk more with the proper approach okay yeah and but what we're seeing is that especially in the retail space or in the prop space and let's be honest prop firms live of the fees of the failing Traders this is the another thing you need to understand the economics Behind These offers whether it's a broker a cfd broker that lives off its losing customers um because they run their B books and they don't H [ __ ] um or
the prop firms that live off the fees for the for the fail challenges they serve a purpose you know it's okay you got to understand their economic model is not to make you successful their economic model is for them to be profitable but At the same time be by doing that they giving you the opportunity to use that system to your advantage so you can have access to Capital suddenly you can have access to 500 to one leverage you know so um and but nonetheless you will only be able to use these tools to your
advantage when you apply a proper strategy or a proper structured approach you know and uh like my my 100% track record for example probably I could have made it 200 and 300 if I had risk 2x or 3x with the same position sizes you know at the same time I just wanted to you know create a tangible real world example fully verified regulated transparent every single trade um to show this is 100% based on my teachings and the strategy actually the idea of the strategy I have it for free on YouTube on my channel I
explain the exact strategy and if you expect some magic formations that I'm analyzing and religiously preaching No so with the 100% return you've had over a couple of years one thing that strikes to me is that some of the best hedge funds or or you wealth managers you know it's 20 30 50% is like wow they did something special whereas in a retail perspective we see it happening you know slightly slightly supern normal profits I want to call it why do you think that is achievable and and how are you able to achieve it it's
it's simple it's simple size and and asset classes Like um FX for example is not an asset class that you find a lot in the institutional space why do you think that is um because Forex is more of a um like there is some FX trading but you you it's more irrational actually more short term and most most hedge fund managers from their systematic approaches they go for more um for Less uh noise short-term type of approaches not all of them you know it depends also A lot of that as algorithmic also because a lot
of HED funds that would go into the effect Bas they don't even trade the Market Per Se anymore they trade the liquidity there's a whole another dimension to things you know like latency aut books uh front running like all there's a bunch of um hft is nothing else than you know having the price or the quote a millisecond before you actually know where it's going and just like squeeze in your own or even be The market maker to it and give who that's the next thing institutionalsales they have companies and all of that and and
even other fund managers that trade with them and they manage that exposure they may decide to take a position just to you know stick it to some of the customers and make an extra buck in between so there's a different type of business it's a it's a middleman business also here that they do and also the other most simple answer to that is Size you know uh from a specific size on you cannot fill 100 million order uh execution just like that the slippage alone is going to cost you a Ferrari you know when it
gets to the the recent track curc that you've built and 110% over two years tell me some stories in that process where I'm sure you've had some winning periods losing periods some big highs some big lows uh what was it like navigating that terrain well it's actually what I tried and I even put Again also on my YouTube like um specific trade examples bad trades and good trades especially bad trades as well because I explain actually in those videos did I do something wrong on that bad trade and I show that if you stick to
your rules you can have bad trades it's important though that you stick to your rules because I even show examples that if I had tried to behave differently that bad trade would have become a very bad Trade and so highs and lows it's normal to have phases where things work better and phases where things work less good and when things don't work good you have to analyze did something change or am I still more or less within the bulk of my data yes and when I am I should absolutely not start to change something in
German we call it which means it's like we make something worse by trying to make it better and uh yeah Germans are very literal technical type of so When when you are en counting encountering a losing period let's say would you say okay don't change a thing and just ride out the wave or is it a case of maybe size down or maybe get um different types of Trades that are more high probability setups so is there any adjustments or you both of these things I actually you you just nailed it when you see yourself
losing losing losing it would make sense to scale down on your position size for the next trades until You reestablish also for your own confidence until you reestablish you know um that you're back on track and also um setups are not all equal they're better setups set and I also teach that that you have toade your setups you know is it a 10 out of 10 is it an out of 10 is it is it an aggressive entry is it you know so uh you you and this is by the way where mindset again at
some point is an Extremely helpful Factor because you can very quickly make decisions like that um should I take this aggressive trade yes or no and and you I cannot completely explain the the because that's not logic per se anymore that's like intrinsic skill set that is trained where you would just decide okay this one I'm taking even though it's just a three out of 10 for me but because of my overall perception Market phase like a bunch of things that you just quickly assess um You're willing to do that but generally if you find
yourself in a losing streak that's not the time to become creative too much you know look for the better setups focus on those first reestablish a functioning situation and then go hard again so with the better I completely agree I think you know you want to be putting relief on your mind because you're already in a heightened state in a losing period so you want to give yourself reassurance that these setups Are taking are high quality obviously there's a pressure of okay can you be patient to wait for these high quality setups but let's leave
that the thing I want to focus on is the modulation of risk because there is one side of the Spectrum which you could say is keeping your risk the same because if you're 10% down you know you just need to gain that 10% back and you're back to break even but now let's say you half your position size now that 10% would feel like a 20% Cuz you're and that could have a further effect of now I'm in the hole for longer you feel that mental pressure a little bit more but then you're also avoiding
yourself spiraling into a worst position you just explained the the mental misconception here you know um you have to be process driven not result driven so focus on your process uh the results follow the process what I mean is that again let's just say your average losing streak is three trades four trades and Now you find yourself in six trades you mean average like dat yeah even in your life trading or in your back testing yeah and now you suddenly have six losing trades in a row that would be a point where I would consider
to scale down okay until I have another one two three trades back to back that actually worked within my expectations and then you can scale back so it's really not about um cutting yourself short of the opportunity to make the money back it's It's getting yourself back into a productive State first that's the intention here or that's the um the requirement of you to get back to your Peak Performance because otherwise um if you're chasing something this is what I mean by result driven if you focus a result driven situation there will always going to
be something that's going to [ __ ] you up and that's going to impair your decision making not impact impair yeah remove your ability to make Proper decisions and that's why um this is the the reduction of risk because once you go into Uncharted Territory your subconscious will immediately play in into you know giving you some sort of weaknesses or allowing you to consider inaccuracies or or fear of getting into good trades that you should take that you're not exctly or even hesitations and things of that nature I want to I want to hear your
thoughts on the exact Same scenario but now in a winning scenario of let's say your dates or average winning period is three you have three and a row sometimes but now you find yourself in hot streak you got six wins in a row now you can be on a overzealous like very confident High euphoric and that can also lead to a negative result and I see that a lot where people have great trades and they give it all back usually in the same day so I want to hear your thoughts on how You manage your
position sizing or yourself or your mind systems as you said as opposed to outcome when you are on one of those winning streaks so again it has to do with the type of strategy first of all you know so the strategy of my track record for example is a um I scale down from the weekly um to look for important areas and then I look maybe into the hourly and 15 minutes down just for the for the trigger of the trade so I maybe have three to five Trades a week uh so essentially an overtrading
situation with that kind of strategy is almost impossible and why did I choose that kind of strategy because I value my time I value my uh Mediterranean Leisure Life so I don't want to be you know glued to a screen and maybe when I would if I would be 25 years old would be different and uh so again this is why it's so important to understand you need strategy that works for you um so that's Why you know uh yes when you are overconfident again process driven so for me like I have a clear structure
of my day I wake up I do basically every day looks the same and I'm super happy with that some people would argue man it's super like boring you know but I have my few my window of hours of work then I go to the gym I love driving like a maniac while going to the gym this another reason why I live in Cyprus because I have these nice Mountain Roads You know instead of being stuck in [ __ ] traffic here [ __ ] Ferrari [ __ ] for nothing you know anything uh and
uh so again I created a life that works for my personality that works for me to keep my balance that keeps me focused on what works best that's another thing why you need to audit yourself this is where journaling comes also into play not just you know a lot of people think journaling is writing down the details of your trade you can Look at a [ __ ] statement for that you know you don't need the the price and the hour and all that stuff what you need to understand is your your your mental state
in that situation you know or the situation uh details this is a lot more relevant and the same here review your your life's um uh yeah Status Quo or procedure or whatever you want to call it and understand where are there ways to that you could actually um optimize it for balance And then I think automatically you will be more chill when you lose and more chill when you win M I want to first of all are you allowed to and you go another one last thing which is sorry to break it to all these
young guys out there experience you can't replace experience with with nothing else you know that's if you've been on a [ __ ] radio Rodeo 100 times it's 100 first time you're doing it you know it's another day in the office yeah you know What are you allowed to disclose how much you had in your fund how how much wealth you were managing yeah we were trading eight figures you know like I I didn't make it uh to to 100 million but we were not far away from that I want to understand how you navigate
that size of a pot is it a case of distributed amongst Traders is it distributed amongst asset classes how do you manage exposure and just how you position yourself cuz I don't imagine it's just One big account and that's absolutely correct um so I I do agree with you that we had different strategies going on so we had F strategies which were Direction trading breakout strategies um and um rejection um plays that we were playing mainly on euro dollar for the for the liquidity and the size but um another thing we would trade is is
options and I'm still like very active in options trading because um actually I I run today even um a fund with friends Together uh where we you sell volatility I don't know if you if you're familiar with the concept so essentially and and you can sell options you you can you cannot only buy options but can be the the seller of an option which means that you provide Insurance to um Market participants that want to secure themselves against a market drop for example this is what a hedge I guess exactly they buy the Hedge from
you and for that they pay you a fee this is What's called premium yes and then you collect that and um now you have to manage your risk if the market goes down you got to pay that guy that you know the the the HED cost basically or the hedging p&l um so what we do is we collect premium on puts but we also hedge the market um by trading the Futures on the short side so it's a market neutral strategy um so that's that's an approach that I also um cultivated while working at the
fund and Still very much like today that's the biggest difference to people that have a lot of capital they're a lot more interested with a bulk of their capital in Market neutral strategies than in strategies that are Market directional because they're already rich as a Trader it's very simple you have to find an edge and then you have to have a mind so you can follow that edge but how do you know if you're performing correctly or not not you have to know your data and Trade Zeller is going to show you everything that you
need beyond the surface level win rates and performance and Equity curve it's going to show you detailed reports it's going to be your back testing tool strategy testing tool playbooks notes and it's going to be a full Journal it makes your journaling easier faster and more meaningful whereas if you were just documenting on Excel spreadsheet or taking screenshots on your iPhone you wouldn't be able to Pull out the data that you need the correlation that the AI within trade Zella is pulling out for you there's so much variety and utility within the software that I
think it's essential for any Trader so the link somewhere below is going to take you directly to the trade Zella website I'm not getting paid this is for you if you want it if you like it go ahead and explore it and probably you'll be using it for years to come when I see funds obviously there's A division which is active trading and and looking for speculative gain but there is also ideas of just boring safe put it in bonds put it in property put it in gold and just hold it were you also doing
these kind of that's investing no at the time I would not be doing it and even today um I don't do these things personally even myself because I think real estate only people do real estate that don't have the ability to generate return in another Way so it's basically the uneducated man investment in a way for me and I know it sounds harsh but uh I I can return higher than most real estate so why would I lock up my capital in any place of this world you know it comes with so many issues structural
issues uh laws like so many things I'm I'm flexible guy you know if I today say like see you in another life I'll be in another country you know all good I don't mind um as for like gold or long-term stocks I think Generally um it's not bad to have some some exposure but probably for the newer Generation Um one thing that you should and must understand is Bitcoin in my opinion that's something that's extremely important um because it it has all the you know um it it's it's the hardest money we've ever seen in
the history of mankind you know and you still have an opportunity to grab some of it while it's at the current price even if it's now almost Trading at 100 Grand and you would think you missed a train if you really think you missed a train on bitcoin at 100 Grand you haven't spent time to understand it so I encourage everyone that is watching this understand Bitcoin when you understand Bitcoin then you may actually get interested in micro strategy what is micro strategy doing why is this talk of micro strategy outpacing Nvidia and then then
when you look at micro strategy you Could understand like hm I could actually trade options on micr strategy collect premium and then buy the dips if I get we're getting now to a wheel strategy on on an asset and a stock that is poised to go up over our lifetime in my opinion so those are in my opinion actually faster ways to become rich than yeah the whatever gambling type of things well as someone that is coming has a traditional uh routs with um fund management and so forth what is your Approach to actually looking
at the cryptocurrency markets and actually getting in is it just a dollar cost averaging or do you apply the technicals and the strategies to then getting into the investment side of crypto so I okay we have to differentiate between Bitcoin and crypto those are two different pairs of shoes uh in my opinion at least uh Bitcoin yes just start DCA whatever it is forever don't ever stop and never sell it that's my very simple advice Again by the way you get rich by concentration not by diversification right that's what you mentioned like rich people want
to stay Rich so they diversify people that want to get rich they need to identify the fastest horse and go hard on the fastest horse and stay to their conviction and make sure that the conviction is based on good research what gives you a strong level of convention specifically in Bitcoin well it's uh well first of all it's it's Scarce you know it's limited it has a hard cap um the Regulatory and legal situation has never been more clear than today um with the red sweep in the US it's it's basically screaming that um it
will get normalized so the fast B accounting rules are going to change so banks will start to put it on their balance sheet you see um Bitcoin being treated as a treasury asset left and right you know we have a problem with our fiat currency in a way that it's Losing value everybody knows that inflation even before inflation became a big thing because everybody noticed that they're paying twice or three times as much as they used not too long ago for about most everything um inflation has always been there so and especially bonds you know
um the the rates on bonds contined to go up that means the prices of bonds went down so if you put money in in bonds you actually lost money or you're losing money every single year And a lot of companies by law are required to keep their money in in in bonds they cannot put all for example in the US they cannot put their B Money all in um security or otherwise they would buy their own with everything their own stock so and the bond market is 100 trillion or hundreds trillion dollar large Market if
only 1% of that bond market gets allocated into hard money like Bitcoin that will continue to Skyrocket the price massively and seeing The success of how micro strategy is essentially putting Bitcoin on their balance sheet as the price goes up they sell the debt of their company to buy Bitcoin again to drive the price more up to sell debt again to drive them more up like some people argue it's a Ponzi but the reason why it's not a Ponzi in my opinion is because bonds are losing value otherwise and there is a need in the
market of trillions of dollars of large Market that wants to get a a piece Of hard money and that alone with the legal Clarity the regulatory Clarity um the decentralization and also you know um even Trump is saying like we want to make um the US a crypto Capital never sell your Bitcoin like he's been very clear on his statements um in that direction so that gives me again look those are probability bets that we're taking here but this is what I mean by you got to you know identify the fastest horse and then go
hard on your Conviction I want to explore the difference between as they say the great to fool Theory which is if everybody's getting into crypto because they think it's going to go up so they they'll buy it at 30k because they want to sell it to someone 100 but the guy that buys it at 100 they think are going to go to 200 and eventually the greater fool theory in general is someone's left holding that bag now what is the difference between that and and and specifically Bitcoin and the answers I usually get is um
well you know an equivalent of money it's equivalent of um you know it's the new currency it's the new digital era no it's Capital it's not money money is uh currency is to for transaction capital is to basically you know be a collateral um okay this why I want explore because when I when I when I hear that statement of is the new money is the future of money well I hear when number one is if someone wants to use money it's it's to Transact and when people use crypto to transact it's never Bitcoin because
I might send you X and it moves and then I didn't send you the right amount it's usually a stable coin usdt also the fees the time is usually not the most efficient way to transact the other side is the supply it's limited sorry finite Supply or at one point it will be Finance Supply that gives it a store of value but then there's also the idea of inherence value And they usually say gold is the well gold standard is the best form of money because it has a value whereas Bitcoin does it have a
value let's say I respectfully disagree with that statement um Bitcoin is for a reason um you know the way you generate Bitcoin is by needing to spend energy so the the the reason why gold has an intrinsic value is because you need to spend energy to get it out of the ground you know do you think there's a Differentiation between cost of mining or cost of getting the Bitcoin versus the value of Bitcoin because let's say in another scenario bitco was really down really down the cost of mining was superior to the market value at
that at that time there would be that discrepancy in price so yeah but do you saw how the price caught up again to to The Mining cost what say Do you believe that the cost of mining is the floor of Bitcoin or do you think it could go Lower based on just speculation I think as long as you need to spend um Capital to acquire it it has an intrinsic value that's just an answer to the intrinsic value question first then there's other aspects that drive the price um some aspects is that what you see
is that um most or a lot of the participants that end up understanding Bitcoin for themselves are never selling it again so the stickiness of the holders is and this you could argue could be a great or Fool thing but then again no offense we live in a world that it's by humans so there's going to be a human fallacy aspect to anything of course because when when you look at the faith and fat to the faith in dollar the dollar is pegged to nothing it used to be gold pegged and now it's no gold
standard so now it's just literally paper that is an IOU and if the whole world agrees that the dollar has value then it has value the moment we decide okay it's just a Piece of paper then it's literally there's nothing of course I understand the portion of like people run it and if people believe in it the stickiness of it is a form of Base but speaking of the dollar conversation just in that regard I think Fiat is not going to die because of Bitcoin there are two different things I think that the and I
not just think fiat's not going to die I think the dollar is going to stay the number one for simp simple reason uh first of All the US economy continues to be the most Innovative the biggest one in the world and um I think that just uh even now with this red sweep in the US that um a lot of deregulation tax lowering like just I think the economy will continue to support the value of um the US and also if the US manages to reduce their spending and really get efficiency into their government that's
going to bring a lot more you know um confidence back into the US Dollar on top of of That I think stable coins are a much overlooked um demand for dollars that is coming as we get see stable coins get more regulated within the us maybe tether actually relocates into the US circle is already into the in the US and then the whole world the whole world's going to love use stable coins people in India people in South America everyone that has a shitty currency which is frankly everyone even [ __ ] Europe you know
uh will to use dollars as a stable Coin what does that mean these stable coins need to be backed by us treasuries so that's why I think so so this is what going to drive the coexistence of dollar as a means of transaction and Bitcoin as a means of uh storing basically do you think that is sufficient the the stable coin scenario you're mentioning to offset the troubles that the dollar may be facing with the Petro dollar not being as dominant and obviously with saudi's position and obviously bricks Nations rising to combat the dollar and
people doing trade outside of the dollar now that's usually the dollar was or US economy was able to flourish because they could print and offload that inflation worldwide as opposed to just locally in their economy so that was a way they were able to grow at a at a faster Pace now when um they are not able to do it so easily because of the rise of bricks nation and so forth that's where a lot of these dollar Doom Mists come in and say well the dollar is going to ship because it's just a piece
of paper High inflation print like crazy and other economies doing gold backed bricks bricks is going to be gold backed do you see that battle playing out so quick question what's the alternative to the dollar in general there has to be one gold standard and that's I think the fight that's about to go not literal fight but like that's the the play you know what's the problem with gold Standard is that and this is the big advantage of Bitcoin who audits the gold who knows how much gold is where exactly is that really true huh
because I recall Germany calling gold back from the US and the US didn't send it to them you know what I mean so the gold standard is a fairy tale in my opinion it's it's it's out of an older age Bitcoin is Unchained there's no there's no playing around with the numbers um but what I think um What were you asking again sorry more to say like the the rising dominance of bricks Nations that is gold backed versus a dominant historically dominant us what what we've seen in the recent years was mainly politically driven because
the US took the reserves of Russia and then essentially the rest of the world said like wait a minute like you [ __ ] you're just going to take our money if we don't like what you're doing all right so we're going to um Pursue other avenues which is completely normal I think when there's again maybe a bit more of a normalization of political Affairs then um that drive could be reduced I don't think though I think that bricks as a as a um yeah Union is a little bit overvalued in the sense of that
because don't forget what you also need is you need a depth of Market liquidity size all of that the treasury market of the US there is there's no comparison anywhere in the World and you cannot do it with a Chinese currency because the Chinese they play around with with even more you know the the the Switzerland maybe from but it's so small tiny country and and like it doesn't have the volume Europe like look I I I cry really out of my heart to see what happened to my home country they literally [ __ ]
themselves okay and um and and the funny part is is that Germany was the driving engine of the whole [ __ ] thing yeah yes it's Not funny actually but anyway so what are you going to do and so uh the euro is a shitcoin the euro is a Fiat shitcoin so where however way you look at it all Fiat currencies are [ __ ] but there's less [ __ ] and more [ __ ] and the dollar is the least [ __ ] when it comes to uh Capital you may have to a side
let's say cash reserves would you rather keep it in a dollar or any Fiat or is it straight to a Bitcoin to kind of it's liquid it's easy to then access when you Need to but it's a better store of wealth because at least is not going deep or it's not getting inflation it's a matter of volatility I think that the volatility of Bitcoin will continue to go down but at the moment it's still a lot higher than the dollar so if you have an immediate need for liquidity at any point in time then probably
storing in Bitcoin short term can be a um a problem you know uh and um so that's why again like in trading you need to know What is it that I'm trying to do exactly what is my goal what is my target what are my requirements what works for me and then make a plan based on these metrics and then just execute it how have you found the typical old um white investor I want to call it that's usually the main players in big hedge funds they were I imagine back back in the day very
averse to crypto and that's that's nothing they understanding they don't Want money in there do you think they are now more maturing or liking towards the idea of crypto and allocating resources there again I would differentiate between crypto and Bitcoin I think that generally the idea of allocating 1 to 5% of your balance sheet to to bitcoin or um is is an idea that is very much accepted and we're just waiting for more um you know Clarity of rules and especially the accounting is a big problem because right now especially In the US um they
you they don't show your Bitcoins correctly on your uh on your balance sheet in a way like they would show it if you um you know uh um kept in another asset you know so it's being treated differently but that will change in January and then you can just keep it as capital on your balance sheet and so that will enable a lot of players that have not been in the market to to um get engaged in that also the normalization of of um having now a a Black rock ETF or other ETFs in the
market is certainly a huge development in that regard so I I think that from that perspective the the Old Guard is definitely interested and willing to allocate a small amount okay and um and for as for crypto now we're going on the higher end of the um of the risk Spectrum um and even here you know like meme coins and all that stuff the reason why I would not recommend people to get into that is they would only they they Can only get involved in that if they're really really focusing on doing only this because
the problem with memes is that there're so tiny market caps most of them is that they're full of manipulation they're full of um you know if if any of that stuff would happen in normal markets people go to jail and by the way you don't even know if people will go to jail in three four or five years when the rules around that are going to get normalized especially There's so many mcoin people out of this city here that have taken out you know the reason why nobody finds them on the streets and and and
beats them up is because they scamed Millions of1 to $500 people I don't know if you saw there's a clip going viral of a 13-year-old who rug pulled a me coin on stream live he literally did it and then start S it was the most hilarious thing I S but in general these people that are doing the rug pulling I think they they have Confidence because they're hiding behind the anonymity side of of crypto do you think that absolutely it's even it's not even the rug pulling per se it's just play like manipulating the liquidity
causing pump and dumps and pretending they're going to hold forever while they just exit from other wallets while um they bringing in new liquidity from suckers that's the greater fool Theory at play very much I want to explore then because we're on the topic of the effect Of influences when I see that I'm seeing so many exposing documentaries right now that are getting huge traction on like how innocent or how much of a hand or how much responsibility do figures like a Logan Paul or a Mr Beast who have huge followings and when when people
are doing these investigations they track the wallets and they say okay this guy just bought this coin and then just replied to the tweet and with eyes emoji so they're saying it's just eyes emoji But that is in a sense a form of endorsement and then as the value doubles they they you know take their money and they Aver they calculated that well both Mr Beast and Logo B specifically they've done millions of dollars just from these kind of rug PS I want to call them or influencer coin or meme coins right now they're getting
away with it because there's no regulation it's a [ __ ] SC there's no other word for it actually is leveraging Their audience or even crypto zo situation which I don't know if you're aware of but you know kind of literally directly saying this is the future this is my project I'm going to put time and effort into it and then just rug pulling the hell out they're lying they're lying how that's I think what keeps a lot of the um certain players that have big money out of the crypto markets because they see this
behavior and they say okay I'm better off in the bonds and the Boring you know the boring stock market and the boring property I'll take inflation any day over that [ __ ] no um very simply stated even within crypto there's smart ways to do it and there's stupid ways to do it you know smart way to do it is to analyze what is the utility of the token what is the actual like for example 2 years ago two years ago Solana was trading at $8 today it's trading at 260 or something you know and
um SBF and FTX brought Solana down with them as when they collapsed and um even I I have to admit I was surprised at the strength of the recovery but the metrics of the Solana chain always continued to show strength the amount of developers that migrated from ethereum to Solana the daily active users the liquidity growing um the stable coin volumes all of these things metrics data real world you know the stuff that people ignore it was all pointing towards that [ __ ] it there's Something going on there so this was what I was
trying to to ask maybe I didn't word it best but like when when people say you know Bitcoin is the way in the gold standard but I see something like like Solana which is more adoptable or EAS to and cheap to use why do you think Bitcoin will be that dominance one and other Rising second or third because Bitcoin has the scarcity aspect the hard money aspect that uh Solana is again More of a transactional currency and it builds um you know it's more of a of an active type of thing while Bitcoin is is
a storage uh um the scarcity aspect is I think is the biggest difference here and also not forget no leader no owner biggest decentralization that's that's also a unique um proposition that only Bitcoin has you know and you could argue yeah who who is the inventor of Bitcoin who satosi Nakamoto has like tons you Saw Scotty Pippin the other day he said that was I really want to know I just want to find out this point who some people say it's the it's the FED some people say it's the CIA like there so you know
what at the end of the day it doesn't matter because it's so decentralized by now that it's it's just that that train or that ship has sailed where it would matter even if satoshi's wallet moved it's only a million Bitcoin um and it you know it's not it's not From a supply perspective it's not the end all be all the next 10 years are the most important ones in Bitcoin in my eyes because basically almost I think it's 95 or something per of all Bitcoins will be mined by then MH after that the the new
Bitcoins that are coming to the market is is even even even less so so that's why I think if you um you should pay attention these next 10 years on that market particularly especially if you're looking for growth you know and And for development there and as for Solana for me is more like a tech stock yeah in comparison if Bitcoin is more of a gold then Solana is more like a tech stock and uh that's why it's important to monitor also other competitors to it is sui a real competitor for example but if you
look at the metrics like the the metrics are again simplicity don't over complicate things daily active users liquidity um developers those are like key metrics that are important to Understand as to um is there a value proposition in that ecosystem because those are ecosystems in a way it's just like Google is an ecosystem with with maps with search with ads with you know um those chains the those l1s are ecosystems with different applications on them and um Solana right now I think still definitely beats any other and we will see if ethereum will find its
way out of its current um slump because it really has nothing to offer right now Other than it's like the second best when uh you know to quote Michael sailor here there is no second best there's a couple things that always come to my mind and maybe it's just my risk tolerance or my own mindset but when I see how let's say the nft situation played out where everybody said it's finite Supply you know there's there's utility there of the artwork and you know you can validate transactions all of these things they were selling it
And then when you have when it came down the guys were just left with a JPEG and a million dollars down kind of crazy things and also in the crypto markets you have you know the staking stuff which is okay I'm going to get x amount return apy all of this but then you're paid out in the native coin and if that goes to [ __ ] then you are there's a lot of these things that are tricks of the industry that's just standard economics so if you're getting paid in a currency That you need
to sell to realize a profit like what else going to happen and the price going down exactly like where's the [ __ ] brain the kind of question I have is I don't know if this ex and I don't have the full knowledge on crypto but you know because you mentioned Tech you like um Sal is like a tech stock and Bitcoin is like gold it just got me thinking a lot of people they want to diversify their Investments so instead of investing in specific Stocks they invest in the S&P 500 because the overall health
index of the US you know us companies is there something of equivalence with crypto of like the top 20 coins so the reason I want to say this is because there was a rise of a coin called waves duck or something like this or waves and it was a top 10 coin in the last Bull Run but it was it was a Russian owner but it was heavily heavily uh gaining value because of um the biggest Spanish influences and They really you know got a lot of people on it and then but that's really down
right now but if I saw that okay this is a top 10 coin I want to invest in it XYZ if I had over exposure into one I I would have failed let's say but if I was in the top 20 cryptocurrencies I could have hedged that loss by other ones necessarily because most of former top 20 coins never really I the way I look at it um crypto is an extremely fast-paced Market so if you want to get engaged in that market prepare to need to work for it every day you know that's if
you think you can just you know divers diversify into crypto and passively make money with the top 20 coins well I hate to break it to you you're going to [ __ ] lose money like no like I'm sorry that market requires your attention like nothing else in research in tracking all what if you want to buy 20 coins you Think as a single person you're able to track the metrics and the development of 20 different projects in that pace no you cannot again choose quality simple you know three two Max Go on them and
when they and and as part of your analysis cross reference them to other upcoming ones like I said for example if you compare Solana with sui and you look at the stat even though sui also went up like a couple hundred% or whatever it Still doesn't that's a price movement yeah don't get blinded by the price movements alone but look at the underlying um real metrics you can see neither the users like you said for example whatever waves if that was driven by influencers that's something you should and could have found out you know and
that's your job your job in in crypto is a lot more research again that's also strategy at the end of the day so we find that there's Evergreen Principles to be successful in whatever you want to trade or invest in that you know and I always say the rules of physics they apply everywhere but it matters you know if you want to go up in the sky you build an airplane which needs to be differently acting on the rules of physics than a submarine that wants to work on the water you got to you know
but the rules of physics are the same every [ __ ] where you know and that's why you need to understand The environment you want to be active in so that you are in the right vessel and another thing this is what why I encourage people actually to um consider learning and understanding about Bitcoin and crypto um the boat you're in is more important than how strong you row exactly and that's uh um in in general I would also advise study these simple quotes of the grades there's there's like you know um wisdom of the
ages in there that even applies to these New situations because the only thing that changed to before is speed and that's why you need to be on your toes much more than they ever had to so when it comes to these kind of traditional statements of the greats one of them is when there's blood on the streets don't be fearful when everybody's looking to buy and screaming at Taxi Driver talking about it then it look time to sell I feel like that's is coming to that point right now because I'm getting text Messages from my
uncle of like should I buy Bitcoin or uh even down to um the the Tik Tok rhetoric right now is like Bull Run is here time to get into crypto if you I feel like the time was a couple months ago maybe I'm wrong but what I'm also seeing is the apparent rise of everybody's talking about meme coins everybody wants to get into the next one and kind of get that 10x do you think all of these things are signs that maybe it's time to cool off take some profits And and wait for a retracement
or do you think Bull Run is here and it's time to go forward um look nobody [ __ ] knows let's start there okay I have an opinion I'm not a prophet obviously um what's different about Bitcoin is that with the ETFs they're buying the the daily issuance multiple times every single day for a while now so so you have a more of a Perpetual bid than it ever existed again the Regulatory Clarity and the rule set around it and also the reallocation from traditional asset managers into it all of these things support the price
more than ever it's still can it still be violently volatile yes so you should always expect depending on the asset class even Bitcoin like if you cannot stomach 4 years and 50% then don't touch it you that's my op opion and but I would still also not wait for the right moment or the right dip because for all You know we could go up another 150k yeah and then you get so much foro that you then get in and then it drops you know what I mean so so that's what I mean by saying you
really don't know so that's why you got to have a plan you either DCA and you just chill it out or you buy and you know I'm going to hold this and never sell because that's the proposition of Bitcoin actually buy and never sell and anyone who's done that anyone who's ever done That probably usually hasn't lost you know maybe not right very now obviously but a long I mean just looking at one of the greatest Warren Buffett you see his trajectory of his wealth it wasn't stable over time it's chill and chill 80% of
his wealth came in the last decade so it's really the the effect good assets good assets that's and this is where you need to differentiate speaking of meme coins meme coins are a a craze phenomenon in that dis space bir By the technology and the ability to create a token on Solana with two clicks for $5 you know and um so naturally the the hurdler rate to get into that [ __ ] is so low that anyone can do it's like anyone is a is a Trader or a mentor you can we need to have
a word with this man over here because he's been talking about meme coins lately and I'm here he be careful but this there's there certain literally meme coins there's a certain meme that went viral lately on Tik Tok called chill guy so people made a chill guy coin out of it the market cap was 400 million that's a lot of money that just ended up in a random mem coin how I don't see that small money then again there's work to do how many wallet wallets are there that they really hold how many of these
wallets got the token for free or actually bought them okay um where is the um what is the the the liquidity the the volume actually the transacting volume coming From is this more just a market market making and back and forth on the deck or is it real money coming new in you know so again if you don't behave like a stupid monkey you are able to discern between the [ __ ] yes and um but if you're just driven by your greed and whatever you heard or somewhere on social media then you deserve to
lose your money in my opinion I'm sorry to say that now well some some as we wrap up the episode obviously we covered a Lot of things I didn't think we would take a crypto talk but I'm glad we did me neither actually but I want to give you kind of just a fine opportunity to give kind of your best advices for up anding TR look guys it's simple you got to build a skill set and that skill set is going to enable you to have a bulletproof mindset and that bulletproof mindset and the ability
to um approach anything with structure and rules will allow you to generate wealth like Nothing else especially in this environment whether it's crypto whether it's trading whether it's prop firms whether the the opportunities to access money and to become rich by yourself with your own hand has never been more accessible for just about anyone in this world but still the old school rules of the game the rules of physics as I call them they still apply so value consistency value transparency value hard work and become the smartest person In the room and you will become
a millionaire easy there we go Alex a wonderful episode I love the way you deliver your thoughts a very engaging episode so thank you very much there we go