Hello and welcome to this week's episode of the Penny Lane podcast with scalper Ryan. During the episode we talked about how Ryan plays the piano and how that correlates to his trading so as a special treat after this episode, you can hear him playing piano so please stay tuned for that. Ryan Hi, welcome to the Penny Lane podcast.
Unknown:Thanks for having me. We're so happy to have you. Justin just yes fresh in from Gainesville Florida
Justin:yes quite the place very much enjoyed my time very much happy to no longer be there so polar opposite not to Well, that's kind of a cliche term but we would just we're talking about the country of Canada and that is very far away from Florida
Unknown:so far. So running your free Canada and Justin was just sorry Justin was just before we started the recording talking to you about trading in Canada and I know that everyone would love to hear about that
Ryan:yeah, so trading Canada's it's a it's no different than really trading in the US as far as I know. But the biggest thing the biggest obstacle that we have in Canada's most of us pay fees commissions of some sort there are brokers like trade zero that allow you to trade no commission but they require they you can trade them you trade in a margin account there but I typically like to trade in my tax free savings which is basically like your IRA down there. But regardless, we end up having to pay fees and that's a really difficult thing to kind of struggle with I've kind of I came to terms with it late last year, that is just a fact of life it's kind of a cost of doing business so to speak. But for the longest time I'd struggle with entering a trade and thinking immediately knowing I'm already in the I'm already in the red so thinking how do I how do I manage this so I can like it was always in my mental head was like hey, I gotta be up a little bit in order to break even right so it was a struggle especially to kind of grow my account eventually got to a point where I'm like, you know what, it didn't even matter it pointed like it just is gonna be a fact of life Do I trust my trade if I trust my process, then it just just gonna be the cost of doing business right. I found it more difficult since kind of switching over to large cap option world lately that it's a lot more difficult because the option contracts are a lot, they're a lot more expensive, they go against you a lot quicker so that break even comes to that breakeven can go against you really quick so it can definitely be a struggle but I think if you have the right process you have the right mentality and just understand that it just it's a fact of life so to speak, then you can kind of move forward from there right?
Unknown:What's our kind of average rate there for I'm sure it varies on the type of trade but what's kind of the average rate that you're having to account for on each trade so it depends on the broker on interactive brokers has a most of them have a flat fee so I use interactive brokers recently I use quest trade in Canada before then and I still use them but I sign up for package fees so I'll end up playing just a flat fee based in on any size so for example for quest trade for Commons I'll pay 495 for a trade for any size imagine going small size though and playing for 9495 per trade on a small size and scaling in and scaling out that adds up tremendously right yeah that's it we again we don't know how nice we have it at not having to pay any money it's it's great you know it's funny is we've talked about this before with Kate Blaine and she she got into Li n or l TNC. As a you know just to like it's fun just to trade into it trade out of it and it was you know $2 worth of stock but $5 worth of it yeah which is hilarious so upside down on that one for forever Yeah, exactly. And I think that's the thing I've noticed that especially moving over to options and you know when I when I went over to options what I've gone over options I've kind of and I don't really want to have options but I'm still kind of doing it but it's a I've noticed that because I've gone smaller size because I'm learning and that's typically when you do you should size small when you're learning something new but I was noticing I'm like madam my cat like it feels like I'm bleeding Why am I bleeding I'm like all mad because the Commission's are just killing me right it's like scaling and scaling out constantly and paying I think for my for the broker I was on my option contracts I think were 695 for the first contract and 65 cents for every additional contract after so I was just getting crushed because I was obviously you can take a lot of paper cuts along the way but I was like wow, this is commissions are right and then so I flipped over to paper one day when I was flipping when I was trying to be broker And I'm like wow this is amazing not having to consider commissions I'm like goes talking to somebody us friends I'm like well yes I'm really lucky I never even gave it much consideration until just right we actually talked about that with Brad melons melons momentum when he was on the podcast because when he started he said the fees were just killing him and then Robin Hood came out and it was like off to the races so you know I hope I hope that you get that soon Yeah, I heard there's a rumor that there's gonna be some no fees commission or brokers soon so I'm hoping that's the case that would I think it'll definitely change the game. So cross your fingers Cool. Well let's get into your story how you started trading when you started trading and just if you could tell us a little bit about that we also love to know how long it took you to become profitable Well, I started trading quotations three years ago I my first big win ever was a MRN I heard about a penny stock that someone would come in I always have done investing so you know just throwing like the big blue chips and everything but someone had said hey you know what? Let's you should try this whole trading thing I know nothing about charts so I looked at I heard this big rumor about this fish oil thing with a armor and threw a bunch of money into it at $2.02 weeks later was at 14 I was like oh my goodness this is crazy. I've got How can I make money that can make money doing this didn't know anything about charts and then a real life and cashed out was pretty happy and then work work and life took over so didn't really it kind of ignored everything for a while then COVID came around and I was I'll I'll happily admit I was a COVID baby for for the trading world work took a dive need to find something else and trading was always something that interested me so started learning more about charts started learning more about just the concepts and everything and still realize that was in March of 2020 still realized three months later I knew absolutely nothing I want a lot just by following blind and then I lost a lot just by following blind so I really took the time just to understand just to really kind of figure myself out and really try to learn and what what am I doing wrong? What am I doing right and so I joined a Atlas discord at the time and I learned I just sat and watched I found some traders that I really related to their styles or personalities and just reach again this putting myself out there dming them reaching out to them talking to them trying to talk them everyday I could and then yeah eventually I just got the competence and say you know I can play a little bit more so that was fall of last year and I started to just play a little more but then I started still struggling with that you know boom and bust cycle I would win some lose some It's almost over analyze is analysis paralysis. I knew too much at that time, right. So at the time I talked to a robot said I don't know if you guys had a guest on before I think he had to have and then Brady Brady Brady Atlas. So they both became my mentors and helped guide me and kind of hone me in on my small cap comments game. And so I kind of took a while I kind of realized that I knew everything I needed, I had all the knowledge I had all the tools I just needed to know how to apply them. And I'm still learning to apply them I should say but I learned to apply them a lot better. So what Brady and Rhodes is that they helped me kind of hone it in over time over a couple months. And come January I got because I hit my stride and just everything clicked in small capital where I was able to, you know, everything was hot then too, right? So it helped but I gained a ton of confidence in terms of sizing in terms of plays in terms of finding my own plays at that point and kind of went to the races from there. Like everyone else so I kind of suffered a little bit of a drawdown when things kind of crashed in late February March. So I really needed to kind of take a step back size down reevaluate. And yeah, so it's been kind of a it's kind of a slow summer. Right? And I think that's kind of where I'm at right now. What was the draw during 2020? Was it that you had more time on your hands was it that the market had dropped so much that you just you knew even though you're new to trading that there was opportunity? Or was it you know, was it something completely separate what what drew you in during that time? It's great question that's that's a it's kind of a little bit of everything so I saw in March everything came everything crash. I had money sitting there and I was thinking Oh, you know what, there's a big drop there's a there's a market drawdown again I knew nothing about charts but Oh, I know all these blue chips but you're bowing out here Disney. All these blue chips and Microsoft they're all falling. Well, maybe these are good times to buy. I never caught the bottom right? All Obviously but I do a bunch of money and then I thought you know what I want to see how it grows I started watching it grow and then I had more time like he said my work literally fell off a cliff I'm very fortunate that I always was work from home so I never had to deal with you know coming home and getting crushed by that but I had no work at all so I started exploring started monitoring my trade my trades my positions in Boeing and all that and realizing that like up and down then I start asking myself why are they going up and down? Oh, there's charts there's all this kind of stuff. And I started realizing Oh there is actually some technical analysis to this and some qualitative understanding to understanding all this right so that's kind of the drawn that I started realizing I can as a as a as a professional engineer and someone who's very strong in math and probability like I can I can see a chart wow this is something I can potentially do right like why why if someone else can make money doing this Why can't I right so that's kind of the draw to that that the correlation between trading and engineers is on believable Yep. just unbelievable all the traders who I admire especially it Meyer they're charting are all engineers Happy Gilmore being the first okay. Yeah, it but i think that's very cool that that correlation happened. So you trade most mostly chart patterns, or is it EMAS support resistance supply demand, like what what's your main indicator on the chart? Um, my main indicator is volume, really, volume and supply and demand. And I guess daily levels two, I kind of draw daily levels, but I don't use moving averages at all. I don't use EMAS I don't use v whap. I don't use any of that. I tried at one point when I first started and I found it was too much noise. I found I was relying on it too much. So what I find even even even as I've transferred over to large cap land my best trading is done just using being able to VPA volume price analysis and being able to identify key levels on the hourly for our daily and identifying key supply and demand zones. So aside from that, though, I don't use anything else. Cool. So very clean charts for you. Yes. And then you mentioned that you that Atlas was your first discord Are you in Atlas today? No, I I've kind of kind of grown from there. Like they I have tremendous respect and a lot of fond memories from them. It just is you know, it came to a point where I needed to kind of grow and try to find another way of none another way, but just just kind of grow my own trading and try to go a little bit more on my own. So I found as soon as I started to kind of focus on myself, I got better. I stopped looking for confirmation bias for my colleagues. I stopped stop mining things on Twitter, I stopped looking for my friends to kind of tell me what to do, right? give me ideas. So I'm with GMT right now, which is smaller Discord. And but mainly I try to kind of just do my do my own thing. For the most part. I keep in contact with a lot of my a lot of my mentors. So Rhodes and Brady, I talked a lot still, they have helped me tremendously, they continue to help me tremendously every day. So Ryan, if you could talk about your process of kind of going out on your own in terms of not looking for confirmation from colleagues or folks on Twitter, whoever, because we have someone on this podcast who is currently going through that same process and I imagined I flashed on Friday. So you feel like you're in a good spot where you're not searching for confirmation from from other folks at this point. Well, my I had I don't know how much we've talked about on the podcast, but I challenged myself for one week. Not to be in discord not to be on Twitter, find my own plays. I wanted to like trade in a vacuum for exactly what you're saying I didn't want I always knew that I was finding my own plays, but then I wouldn't trust myself until I saw somebody else. Talk about it. And I didn't want to do that anymore. So anyway, did the one week and Justin I'm happy to report that it was my most profitable week. That's awesome. Wow. Hey, thanks. Thanks. That's awesome. So Ryan, did you kind of do the same thing maybe it wasn't, you know, week Was that kind of a like a a process oriented type deal as well for you if it was and that's a really question it was a it was a it was a slow process to be on so I found when Brady took me on as his mentor as his mentor and I was able to pretty much you know that is he was at my beck and call so did like as bad as it sounds right he'd walk me through everything It was awesome and then it got to a point where I felt confident a place I knew I was I knew what I was doing but I would look for look at plays and they go against me and then all of a sudden I wouldn't be like oh no one's really gonna think and then they wouldn't couldn't be get a hold of them right and then I started it was it was a few weeks of just kind of you know back and forth struggling with that emotions of saying I should maybe I should look on discord maybe I should have been Twitter there should be like look everywhere and I started looking for that confirmation bias and I realized my trading was becoming super erratic and I was it wasn't just that the trading was becoming erratic my emotions are becoming erratic I was irritable I was all that kind of stuff my wife was noticing it too right so at that point I kind of just realized I needed to take a step back and actually had a talk with Brady and it was same idea of Grinch and earlier I knew everything I needed to know for the most part I just needed to bring it all together myself and what's best for me right so similar to what Penny did in some ways I kind of challenged myself to say I'm gonna ignore everything I'm going to close by discords Twitter in small cap land Twitter's it's very important I find benfits very important because I can do a lot of research there. But identifying that what the noise is right so I had to I was very I can't think of the word but i i have to be very I have to be very cautious of what I was identifying what I was looking at Twitter, so I started closing out that noise. And then just yeah, just just starting to trade myself and at that point, I started to realize I knew what I was going to do. I found a processor myself with a small pipeline but I was able to say this is consistent This is something I can do myself and it gave me the confidence to say I can do this without anybody holding my hand. Right? Because the more you have someone the more you're looking for confirmation bias the less competence you have in yourself the harder it is for you to execute even though you have competence in yourself, but you don't at the same time right so I wrote down a list of rules say it's four months ago and one of the rules was before you take the trade confirm that another trader that you admire is also in the trade and I like to look back at that rule like WTF like what why why was that a rule I just feel like an insane person but like I just could not trust myself sorry, I just could not trust myself enough. I just I don't know the things that you learn every day learning so much and like the learning curve is so steep and to look that I also started in Atlas in 2020 in the spring of 20, summer summer of 2020 and I mean honestly PJ would be like calling out the levels like if it hits this it's gonna hit this it's gonna hit this and that was like that was that was it I was in the trade I was looking at those levels I didn't do anything for myself I just watched Atlas so to look back at some of those things and see where I am now. You know I can beat myself up every day for like oh you didn't trade like perfectly but then I do like to say but like look at how far you've come Yeah, and I think that's that's huge. That's a big that's a big thing that I noticed too with my trading It was like I was always looking for confirmation bias and someone to walk through the trade and then I realized when I gave myself that quiet period I'm looking from my own place It was fascinating to see that I was on plays earlier than when they were called on Twitter and I'm pretty sure I was identified in the same thing at the same time. I just didn't call them at the same time because I needed to just that you know i and i was like well okay, I can do this. I know I can do this right and I have a lot of I have a lot that they to do Brady for that one. With Brady, he really identified with him. He really showed me how to understand qualitative analysis and seeing the bigger picture understanding personalities of tickers and also the personalities of the skin, twit gurus, that Which stocks they like the block? Right? So like, I know, like, I know, some I know, if I if I'm looking at a certain sector and I know what it feels like it's about to run. And I feel I have a feeling that I know who a handful handful of the certain foods are going to hop, which tippers are going to hop on to. And I have Brady to expand tremendously on that. Because it's you just take notes, right? He's been doing it for years, and I did the same thing where I started taking notes. I'm like, Okay, well, Anthony thought Antonio, cost is gonna be on XYZ, every time that education when so to speak, right? And he always does it, and it's just about the research, right? So yeah, that's gonna, let's say Brady abstained tremendously on that. And I guess I want to talk a little bit about just Brady in general and how we connected. It was, like I was saying, I was kind of struggling with that, you know, that kind of one step or one setback early or late last fall. And then Brady kind of hopped in, we kind of started talking and for me, what I've always done is I've never been afraid of I've never been afraid of failure. I've never been afraid of feeling like an idiot. I just put myself out there ask questions. If I get smacked down, I take that as a learning experience. It's my whole life kind of in general. So I did that analysis a lot. And then Brady kind of noticed that and he noticed that I was up late, I was always asking questions. And then him and I kind of just connected and we kind of connect. It's funny, we connected on a mutual love for piano because both of them and I were competitive dpns growing up. So that's super cool. Also, I this is a total aside, but I have a very, very good friend who is like an incredible piano player. And he used to always tell me that if you're good at math, you can be good at piano and vice versa. How does that work? I don't know. I don't know. He said, it's like the same thing in your mind. So your engineer math, good at piano. This is all really coming together for me. You know, that's an aside. Let's speak a little more to the piano aspect and how that helps you But yeah, no so great. A little later. But great. Well wait, Braden I connected, we're both competitive pianists. And then realize that we both have very similar personalities and an interest so he reached out to me one day in late ball and said, Hey, you know, I got I don't pick on many people. But I'd love to chat and you know, maybe you know, help you through your struggles, right? And it kind of snowballed from there where he's become one of my best friends. We talked we talked to quite often it's become more than just about trading. It's it's a natural friendship, right? So it's really cool to see how things kind of evolved from a mentor. And he's still my mentor, I still look up to him tremendously. And now he's a great friend of mine as well. Right? So we should really try to get him on the podcast. Oh, it'd be amazing. Yeah. So real quick, one, I can't play any instrument, much less the piano. I'm terrible at math. And I think all of that adds up as to why I'm not exactly successful trader as you'd say. So I think that is noteworthy one, I'd love to understand this whole piano thing at some point. But first, talking about Brady Ryan, I think most people who would be listening to this are coming at this from a place of they could be newer to trading or the last few years, right but they're not like super big on fin twit as an example, and do not have like these big profiles and and because of that they are having to start from New and building the relationships, right? They don't have a lot of eyes on them already, which doesn't make it as easy for them to start those new relationships. So I think it's really interesting and a testament to you that you've been able to grow those at, really organically starting from kind of really be new. So and I think that's the biggest thing. My biggest piece of advice for anybody new really. I always say just put yourself out there. It doesn't it doesn't hurt to ask questions. It doesn't hurt to be wrong because every every time you're wrong is a lesson learned to be right for next time, right? For those of you who are avid Penny Lane pod listeners, that is also what making sales said and that guy's killing it. It's just asking for help, not being afraid to be wrong, and just continuing to ask questions until you understand. And I that's something that's hard for me because I think it's a woman thing I I don't want to sound stupid, but it's a continual theme in all of these interviews that we do that Being willing to ask questions that maybe you should know the answer to and just staying persistent and working really really hard. So kudos for that. Tim yeah nothing further to that too is asking the questions and you know like as far as I'm drowning out the noise and but money your own hustle to what what my what what's what's what's Max Payne and ft euphoria to me is not necessarily what's Max Payne and you've already guys or anybody else, right? And it's very difficult to look on him to it and kind of bouncing around here but it's kind of in the same general premise of it's very difficult to look on discord, spend twitch chats and everything and see other people crushing it. So are you know, but you know, you don't know their struggles too, right? And you don't know what your what's great to you, maybe what's bad to you, maybe amazing to others, right? So it's just trying to, you know, try and try to just manage your expectations. And then kind of going back to the whole asking questions aspect, you know, it's okay to ask questions, even if you feel like you're, like, even me right now, everyone, like, I'm still completely blown away that I'm being asked to be on a podcast right now to be quite honest, because I feel like I'm nowhere near that. But I don't have a problem reaching out to any of my colleagues, like any of my colleagues to ask them questions when I see something on a cake. I'm not seeing what you've seen. I've tried everything I can. Like I'm not I'm not I'm not looking at trends in cake immediately. What do you guys looking at? No, no, I'm trying to figure it out myself. First. I think that's the biggest thing is when you approach the questions, you approach them from a stance of having an educated having a detailed view on them, right and having, knowing that you've done your research on them, because I'm more willing, people are more willing to help you when they've seen you put the work in, right kind of real hard work recognises hard work, right? So for sure, is this your first podcast? Um, no, I did one with it. Well, yeah, this is my first interview with 100 to a million is a small Twitch streamer. So cool. Cool. Well, so I'm blown away honestly. So I told my trading friends that I was coming on this are like really that's amazing. Congratulations. You deserve it. My husband. sounds so weird. Yeah, and and Blayne and I are really big deal. So if people know who we are. That's hilarious. Can I ask one question real quick? You mentioned twitch are people using twitch to live trade or is that for something different? Some people use it to live trade I have several colleagues that live trade on it. Trade scalps Maple Maple stacks. Rocket catching Bob does it from time to time. Carrie Palmer does it 100 a million does it to myself though. And that's the thing I think people can live with but I don't have the I work a full time job too. So talk to me I can do that for one. I also don't have the attention span to talk through things as I go through that right i'd rather have matoke chat in the discord to do that right. So yeah, people do live trade I used to twitch all spring and summer. I do post recaps though but I would never liked whichever got it so I mean post market recap. Post markets I do my whole trade recap and then I do I do a watchlist for the next day. Oh, that's awesome. So Alright, before we go any further we have to discuss this piano deal. I don't even know where to start to blame you. You brought up the fast fact about pianos and math. That one person told me that that might not be true but it seems true I don't get anyway running you can you talk about the piano? I also don't know enough about it to ask a good question. So I've actually played piano for 33 years I'm 36 years old. So I played pretty much my whole life is typical typical Asian parents I was putting the one thing that my parents could like they're like you can't do sports you can't operate and so I you know I it was a lot of dedication with piano you know, it's early early, it was a lot of three, four or five hour passes a day I end up putting in university because I couldn't handle University and practicing and competitive piano at the same time. So I picked it up from my adult life again and I just like casually now but really, I found a lot of the that's kind of my story and piano so to speak the Coles notes but in terms of how it relates to trading for me. I've always said that, find what you do really well in life and apply it to trading because that'll give you the competence to say you can do it. So with piano the way I view it is it helped me study it helped me helped me excel in engineering and for the studying. It helped me excel in my profession in terms of memorization and because with piano, the way it works is the way I the way I view it is I'm not going to look at a full 1020 page piece of content 20 page song and say I can play this morning go, I'm going to pick it out and bite sized portions. And that's how I that's how I. And as I take it over bite sized portions, I'm going to master that little portion. And I'm going to go to the next portion, Master that next word, and then connect those two and keep going back and forth, back and forth and memorization, right? And similar to how until I can correct it. And then applying that the trading and how I did it is similar idea, I found a method that I really liked, I would do a method that I would strategy, I thought, Oh, this is really great. I abuse I'd look at it every night, I'd look for every chart, I look for it on every chart I possibly could. And then I would just try to imprint in my head. Okay, I got an imprint, I move on to the next thing. And then I try to imprint that and I see how those tie together, right? And that's kind of how my mind works. Not necessarily, it's a very sequential kind of person. So I need instructions. I'm not not an abstract thinker. So the whole quality like it's, it's trading that way and applying it, applying what I know and piano to trading that way makes sense to me. So I don't know if that makes any sense. But yeah, that's fascinating. One and two. I like that you kind of make it methodical the way that you described it for both playing the piano and trading. So in so I mean you've it sounds like to me, you've you've kind of hit that, quote unquote 10,000 hour rule when it comes to piano, right? If you were going five, six hours a day, for 33 years back of the napkin math would say you've probably hit the 10,000 hours mark, do you do you feel like that's a a pretty decent yardstick as most people have used it in the past for mastering something? And if so, do you feel like that would be the same for trading? Right? And if the markets only open from 930 to 410 1000 hours, it's gonna take quite a few years. Well, yeah, I don't that's that's an interesting benchmark. And I've heard that several times and I don't disagree with that right. And I think a better benchmark and you know, I think a better benchmark is kind of thinking I for me, another benchmark is saying I took I did a four year engineering degree it was the hardest degree I've ever taken in my life trading is 10 times harder than I ever did anything in university while years to get through engineering so if anyone's looking to get into trading There's your motivation right there it's harder than it is and at the same time what I ended is the hardest thing and I think kind of going back then you guys I think you guys can relate to the whole appeal of trading it's just the ability to create financial freedom and the ability to for me it's the ability to challenge myself every day and not feel like I'm stuck in some sort of work route to where I'm you know, doing the same thing up and down. As me everyday work right? With trading, it's you know, you apply something that you're trying really hard to work at, and be good at and also be able to reap the rewards at same time, right so for me, it's the hardest thing I've ever done, but it's also I see the there's a big light at the end of the tunnel that I still am running to write. I love that. And I love using your prior skills at piano and transferring them to trading and knowing how to do that. That's so interesting because obviously people get into trading from all different walks of life and you bring knowledge from your life into trading to develop your own strategy. So I loved hearing that from you. Also another thing I wanted to touch on that we we talked about a little earlier is your journaling. Could you tell us a little bit about how you got into that how important it is in your trading and how often you do it yeah um so with journaling I was actually I think rose actually told me at one point he's like you know keep a discord of all everything you do right and so I actually created my own discord back in follow bots because before I would kind of do nothing God can do whatever right and then I started realizing obviously you know you make mistakes you forget about them whatever. So I started creating a discord and tracking my own calls and we're talking my own work and then kind of fell off the map on that and then with Brady Brady when I started going on Brady right he's like, keep a journal like this is and I kept reading it on Twitter and see you know, he kept reading it I kept reading it and not thinking much about it. And then right he's like, do you want to be successful keep a journal so for me my journals always been it's it's evolved quite a bit. I do it every day. I think I I talked to several colleagues and they say what what they know me for my journals, which is wild but I find for me what they helped me do is reflect on what I did good what I did bad and then also being able to just imprint and taken on similar idea with the piano when I'm in the moment trading in the day I'll make several mistakes I get caught on everybody I get caught in emotions I get caught until my brain blocks off things that I don't want to see my brain remembers things that I want to see well that's not the best way to remember things so for me with journaling similar to piano it allows me to just you know, repeat what I did and imprint it again and say I messed up I did great report right take those lessons and move forward so that's my biggest takeaway with journaling. So where are you still journaling on discord or use are you using a different service? I use Twitter actually and that's why I use Twitter I why why I I use Twitter because it allows it it forces me to be accountable because I it sounds weird because I don't care whether I had zero followers or at a dive 10,000 now I don't care right but for me journaling has always been what like to pull my to put it out there it kind of in the back of my mind it holds me accountable because I feel like people are waiting for me to journal so I have to be honest I have to do this because if I don't do it I'm going to disappoint people and I know it's sad to see maybe an ego thing at that point but it helps me mentally to say I have to journal doesn't matter if if usually I journal nine times out of 10 right and I'll say I'm doing it regardless but that one out of 10 times where I'm like I'm having a real shift day sort of language if I really garbage day I forced myself to say you know what part of part of what part of what I need to do is I need to learn myself and I need to put myself out there I need to say just be honest with myself right and yeah if that's being honest with someone else in great grades and say I did terrible so I had a terrible day on Tuesday I think it was and I just I was over a while back was brutal. But I journaled every single trade it was a painful 30 minutes of going through every chart realizing that I made every mistake that I knew I shouldn't have made but I did anyways but took that and applied it to Wednesday and I came up Wednesday okay had I not done that I would have been on tilt on Wednesday and I'm over emotional rate so when it does and I guess kind of going back to the journaling it what it does in terms of just helped me identify good and bad and move forward it helps me helps bring me back to ground whether good or bad I love that I love the accountability piece we just spoke with then pat pattern profits which that was a great interview Have you haven't listened to it or any of your listeners haven't listened to it you should um and he does his watch list every day and he says that he has to do it for himself anyway so he might as well do it for other people but that sort of added pressure of having to you know that he does he puts on himself but having to do a watchlist and then putting that watchlist out there and seeing if those ideas work out has really elevated his game yeah so I think that's a great takeaway for you. This certainly helped in terms of that and like I said my journals evolved from doing a daily kind of good and bad to also tracking tickers and that's something that Brady helped me with a lot is every time I journal and identify a pattern or something some sort of personality trait within a ticker all I have a separate I have a separate part of my notes that I say this is the ticker these are the notes you should identify with it right these are this these are the certain patterns you should do I go through those every day like dude go through bad part every day? No, not necessarily. But that being said if I see in small cap on sale is going to take a swing and something that I've traded in the past and I quickly check, do a Ctrl F and say hey, I looked at this and I'm like oh look I have looked at this and like ah okay, I can see it right and inherently I already knew that because by looking at the chart I can see what I already had identified but it helps me kind of just you know, reaffirm what I'm thinking kind of just similar again I'll go in the piano reference similar to the piano if I haven't played a piece in years, but I opened up the book just briefly to look at the first few notes on my golf Okay, I remember this so let's I want to go one step further into journaling. So you were talking about obviously being able to pull up and charge and look back through those but charts aside when you're looking at your journal what's a couple of things that you're looking at obviously besides you know, the the wind verse loss, right? I mean, is it are you critically analyzing whether you are scaling in or out are you analyzing certain price kind of psychological thresholds like you know, even money or on the 25 cents, 50 cents, so is it kind of like a price analysis? Are there like one to two things that you're Usually looking for when you are looking back at your journal. For me, I do not I don't even look at the price. Honestly, I looked at I looked at whether it was a win loss or breakeven, but I don't look at the scale in terms of what it is it's it's for me for my journaling is did I execute properly? If I took a loss, it's because I didn't execute properly. Most likely, if I took a small loss it was because I executed it perfectly. Right? If I took a big win, then I scale appropriately. How did I scale within those levels that I've identified? Did I just being honest with myself and saying that I that I know the market sentiment that I did I trade with the trend and all that kind of stuff with any sticker on and you know, like, and these are the mental notes, um, it's a lot of it, like sometimes, sometimes journals are very in depth, sometimes they're a little bit more, you know, a little bit more bullet points and kind of hidden kind of, what do you call it? Yeah, hit and run, so to speak. But for the most part, I'm trying to identify within every trade that I do, what it was, I'm trying to identify and most of my emotions within it for one I'm identifying. So I'm identifying my emotions, I'm identifying my scales appropriately and kind of identifying it by trading my plan properly with it. And if I had no plan at all by no plan, it was a terrible trade. And I've been caught and so I'm sure you guys as well probably even contrarian trades where you don't follow any plan. For sure. Yeah. Awesome. Um, Ryan, did you ever have a rock bottom moment or blow up an account or anything like that? Oh, that's a great question. Mmm hmm. I eat I've been never I've never had I've never I've been very fortunate. I've never bought up an account. I've been very I think that's the one struggle I always had. And I still have a lot of these and it's, it's huge. I always I always say it's take advantage to all these young kids that are coming in in their 20s and it's awesome for them might take advantage of having this fearless attitude emoted like and not having the responsibility of kids home mortgage and all those kind of stuff job right? And because you can go in and say I can do it and go fearless, right? For me, I've always been fearful of losing my money. And I know that may not be the right attitude to have. But for me, every dollar loss doesn't matter. It's still something I think about where it's, I could apply that to my mortgage or whatever, right? And yeah, it may not be the right attitude, but it's the attitude that kept that keeps me kind of leveled so that's why I've never blown up an account right? Maybe that's why my accounts never really gone through to the moon or so to speak either right? But that's that's I've never bought up account they go up thankfully but in terms of like my lowest moments, I've had plenty and I have days where I'm like I'm gonna quit stupid Why am I doing this right? You know, last year when in fall when I I lost a bunch of money and before I kind of figured strategy I was like, why am I doing this? Even with Brady? I had the euphoria of January February like everywhere else and then in March came I'm like, man, why am I doing this? Like this is stupid right? Even the past couple of weeks there's been moments in this new large capital and I'm learning I'm like oh, maybe I should just go back to whatever the what I'm good at right? So you know, I'm not a professional trader like like Mullins like PJ and all them and you know I aspire to be like guys like that where I can do this full time and you know, have the competence to come into the market and say Yes, I can. I'm okay to lose a little and I'm okay to lose more money but like to have the competency I can do this everyday so to speak, right? And I know I can I don't have it in me, but it's definitely you know, just like everyone else. It's the the roller coaster of emotions are are very, ever, ever really present ever present. But they've come a lot less as I've gone through this journey. I really love how relatable that is to everyone and we on the podcast, totally preach. Being careful with your money, not yoloing not FOMO ing just being safe. That's I think that's fantastic. You haven't blown up an account. Justin, what do you think? I don't know that it's fair to say that I've blown up and accounted for a couple of losers but we know we certainly have Yeah. And so that to know too, it's like I know when I'm going on tilt when I can. When I started for PowerPoint, I've done things like that I've full ported things in the past. Did DGN scale for a few cents because I like I just need a way and the I don't care about how small it is. Right and After I do it I'm like god that was the dumbest thing I've ever done. Yeah, that's a feeling I also can identify with as Blayne talked about but yeah that's what's good so but I think we're all human right but like it's no matter how far along in the journey we are like Penny it's not like you and I are similar in our in terms of timing in terms of our journey. Yeah, it's it you know you it doesn't matter how far along you are you're gonna go through the emotional ups and downs and I don't think anyone should be ashamed of that. No, right. And and as you said, We are all human. I mean, and because of that, like, whether you like it or not, we're all greedy. It just is what it is. Right? And sometimes that really can affect your decision making abilities. Yeah, I think a lot of I have a lot of a lot of respect and admiration for singles and doubles. I think you guys have interviewed him. But why is his discipline is unreal. Like it's only it's really sad to resound to resound with me, as of recently, like I've always, I've always been inspired and very, like, admired him from afar, but just recently, I've started to really realize I'm like, if I just follow rules, it doesn't matter, right? If I just follow rules like him, it wouldn't matter. I had that actually yesterday, yesterday was not a great day for me, I just the market wasn't good. And I have this mantra that I write before every trading day I write like a full page of sort of what I want to accomplish that day. And yesterday I just got sort of in the weeds and a little bit scared and I don't like being scared, I'm trading so I took a little timeout and just wrote like, follow the plan like a few times because I have a plan. And if I follow the plan and follow those rules, I can't get hurt. And I wanted to like keep going, but I actually was messaging with singles and doubles just like the security of having a plan takes away that that feeling of fear for me, which is a massive gift because just buying or anywhere or chasing or not knowing where to put your stop or just picking a random place to put your stop is was more than I can handle emotionally and now I know exactly what I'm going to lose on the trade if I lose and my mental health is so much better. Yeah, absolutely. So we are sort of beginning to wrap up a little bit and I would love there's two questions that I love to ask. The first one is what do you think is the sexiest chart pattern um, I in small cap line I absolutely love cycle charts ones that I can see consistent spikes within a certain reoccurring pattern that's something I'm very good at identifying so what's an example I'm trying to think of that I like MDR for example in the real the real estate real estate sector I like that chart because I know every 10 to 12 days I think is going to spike 20 30% and I can find it finds the bottom perfectly you time you grab the bottom of the day before two days before you start scaling in a day or two before you think it's going to happen and it goes and take your profits you'd love that I love charts like that especially it's I can yeah those are those are the perfect ones for me personally awesome. Second question. If a brand new trader came to you and wanted to get into trading what tips would you give them or what plan would you give them to follow on a watch so the biggest thing for me is being is being an observer be a spectator find find the best find a trader that you can relate to personality wise that you think you can not and when I say personality was yeah it means personal on a personal level because likely if you can relate to them on a personal level you can relate to them in terms of how they trade too and just shadow trade them watch them Washington see how they do it, why are they seeing what they do? Why are they Why are they Why are they calling things where they are and why are they taking profits where they are and just that's really how I grew the most is just by watching and finding guys like grow like Brady, like lunar aces guys who I am able to see. I was like I was able to just watch and be like I get these guys right and why are they making it and then just understanding how they make their trades, right and I think just That's that's the aspect of developing strategy and then you know, the mentality part is just this, keep keep at it, don't give up, right? You're gonna go through your ups and downs, you're gonna, you're gonna feel like you want to quit you're gonna feel like you want to quit jobs some days to do it. Feel like you want to quit trading some days just because it's terrible, right? And I think it'd be really, if you really hone in on what you really who you are as a person. And what kind of trading appeals to you the most and what what relates to the best. You're going to find success. If you can just manage that manage those expectations and not look at anyone elses. Not look at numbers. Now look on the road at anybody else's car. I love that really good advice. Justin, do you have any questions? No, I just don't look at anyone else's car on the road. Really? I like the way that sounds that that was a good analogy. I've never heard I've never heard that before. It's like the keeping up with the Joneses. Right? But I like that so that's great. All right. Well, Ryan, are there any last thoughts that you want to tell people? No. No, that's that's really it. I really appreciate you guys having me on. It's been. Absolutely it's been an absolute honor. So thank you. This was so delightful. I loved I love chatting with you. I love your your thought process is so beautiful to me. I really. I'm so glad you shared that with us. methodical is good. I think I need that in my life plan. You probably did too. Sure. Um, Brian, can you tell everyone where to find you during the day? So I'm mainly on GMT, Discord. If you go to my Twitter, I should actually add it to my Twitter but yeah, well we are mainly on GMT discord with guys like Luna races fearless trader, Rhoda was there. And then yeah. Cool. Well, um, thank you so much. And I really look forward to continuing to watch your journey. And I hope that you'd be willing to come back on at some point and have a follow up chat. Absolutely. Anytime I'd be honored to honor to be come back on. Thank you. As always, thank you to our producer Joel Edwards. And Chesley lo for this amazing banjo music. Please like and subscribe and share the podcast. It helps us so much when you do that. We appreciate you guys. Thanks