The Chris Voss Show - The Chris Voss Show Podcast – Prepping For Success: 10 Keys for Making it in Life by Anmol Singh

Episode Date: October 10, 2023

Prepping For Success: 10 Keys for Making it in Life by Singh Anmol Livetraders.com These 10 Keys Are Here to Make the Biggest, Most Impactful Changes in Your Life to Get You on the Road to Success! - Actionable Tips and Tricks to Finally Get IT Are you looking to take your life to the next level but feel overwhelmed? Are you looking to unlock all the success and happiness the world has to offer? Are you ready to discover the 10 keys that will help you unlock just that? In Prepping for Success, you'll finally be able to turn your goals into a reality! This light-hearted and understandable guide is designed with accessible yet truly powerful advice that will help you become the best version of yourself. With easy-to-follow steps, this book encourages personal growth and striving for success on your terms. Discover: Actionable tips to get you started on your journey: Find all the advice and skills you need to identify what true success looks like for you, and how to achieve it. How to access your inner power and take control of your life: Find out how to unlock the power of your mind and use it to create success. Ways to stay motivated, focused, and driven despite all odds: Discover tips on how to maintain a positive attitude even when facing failure. The fast-track to finally get IT: These keys are here to make the biggest and most immediate impacts on your life so you can finally see a difference. And more! Whether you’re in need of fresh motivation or pondering some next steps in life, this book is here to inspire you! Prepping for Success will leave you feeling refreshed, knowledgeable, and armed with all the self-belief that's necessary for fulfilling your own personal dreams. This is not a textbook filled with rules but rather a supportive companion in your pursuit of success. If it's time for a change in your approach toward achieving happiness and success, let Prepping For Success give you the guidance to get there!

You wanted the best. You've got the best podcast, the hottest podcast in the world. The Chris Voss Show, the preeminent podcast with guests so smart you may experience serious brain bleed. The CEOs, authors, thought leaders, visionaries, and motivators. Get ready, get ready, strap yourself in. Keep your hands, arms, and legs inside the vehicle at all times because you're about to go on a monster education roller coaster with your brain. Now, here's your host, Chris Voss. I'm Hostess Voss here from thechrisvossshow.com, thechrisvossshow.com. Welcome to the big show, my family and friends. We certainly appreciate you guys coming by. As always, we have the smartest minds, brilliant people on the show,

and then some idiots that are pretty much just me. And today we have another wonderful gentleman on the show who's going to bring his brilliant mindset and experience and knowledge to the show, along with his latest book, Prepping for Success, 10 Keys for Making It in Life, December 21st, 2018. And Mal Singh is on the show with us today, and he'll be talking to us about his amazing book and what goes into it and some of his experience. It's kind of interesting today going on with the stock market and everything else.

He is a gentleman who works in the stock market and as emotional roller coaster as it is. And he comes from Delhi, India, and grew up as a patient and persistent individual. After completing his high school education, he went to Brunel University, London with a strong determination to become something great. He started stock trading in his dorm and saved enough money to legally start multiple franchises and move to America. At a young age, 22, he was able to establish himself as a successful trader and has been featured in major media outlets, including Business Insider, Forbes, and International

Business Times. Today, he and his team at Live Traders show people how to execute trades, review different scenarios, and most importantly, how to control your emotions when the stakes are on the line. Welcome to the show, Anmal. How are you? I'm doing great. Thanks for having me. Looking forward to chatting with you. Give us your dot coms, Anmal, so we find what uh you are and where you are on the internet yeah definitely so live traders.com is my company where we do a lot of stock related stuff trading investing and finance so that's live traders.com and then uh to learn more about the book there's

prepping for success.com uh but amazon is usually you know where everybody buys things anyway now so just amazon's the best place. I'm the most active on Twitter and Instagram. That's where people can get in touch with me is Twitter, Instagram. My username on both of those channels is Delta90, D-E-L-T-A-N-I-N-E-T-Y. Don't ask me why. I had it a long time ago, and they verified it, and I didn't want to mess with it. Although verifications don't much matter these days with all the you can just purchase it you just buy one now on twitter x or whatever it's called this week i think it's called bk uh i don't know i don't know how that's working out

people who listen to the show like years from now are gonna be like yeah it's called bk chris um so there you go um so give us a 30 000 overview of what you do. So I trade stocks and I speculate on the price movements of it. So there's a bunch of variety of different things I do. But what it looks like is every single day I'll come in, I'll trade stocks. I'll try to make a few bucks. That's what I call income producing style. The goal of day trading actively every single day is to make an income. So that's kind of what the main thing I do.

Then I take the profits that I make and I invest it into different companies, different stock markets. Also in angel investing, I have 32 different startup companies that I have small amounts of money invested in. So I try to back upcoming startups. A couple of them have gone public. So that's kind of how you'll end up making the big bucks is a couple of your companies end up going public or get bought out. That's what I do. So basically investing, that's kind of the big overview, 30,000 foot overview, investing in companies and stocks. There you go. Give us an overview of the book, Prepping for Success and what you put into it. Yeah, I wrote that book actually for myself.

I was sitting there, I was like, okay, what are the 10 things that I need to do in my own life to push the needle, to move the needle, to get need to do in my own life to push the needle, to move the needle, to get going to the next level of my life? And I actually wrote it for myself after speaking and hiring tons of coaches, mentors, going to seminars, conferences, hiring really, really expensive coaches like Michael Jordan's ex-coach, all those people working with them one-on-one. And I kind of wrote down, okay, these are the 10 things I need to do in my life to achieve success. And a lot of people were like, you need to publish this. This should be a book that everybody else could read.

So I kind of wrote a book that I wish somebody gave me 10 years ago. It would have made life a whole lot easier. There you go. You're kind of like Marcus Aurelius. He wrote Meditations for Himself. Meditations, a great book, yeah. Really didn't intend for anybody to read it. They say he'd probably be embarrassed't intend for anybody to read it.

They say he'd probably be embarrassed if he knew people were reading it. But, you know, I mean, what a great book. I think he'd be proud. He's impacted so many people, including myself. Me too. He's changed my life. As we said, I have a copy sitting off the side here, and I try and read a little bit of it every few days if I'm not reading the the other uh great stoics uh so 10 keys that can

help you make the biggest most impactful things out of your life um what do you find most people fail at in not uh prepping for success i think integrity they're lacking integrity right they say they're going to do something and then they don't follow through so integrity is doing what you say you're going to do and then doing it when you said you're going to do it and just think about it how much our quality of life would be better if we just did every single thing we said we're going to do and we completed it when we said we're going to do it so i think a lot of people don't pay too much attention to the words that are coming out of their mouth they just say things for the sake of saying it and you know a lot of times somebody would say you know

some of my clients are like ex-ceos they'll'll be like, oh, I'm a person of integrity. I'm like, really? When's the last time somebody called you and you said, okay, hey, I'm in the middle of something. Let me call you back. And you never did, right? You ran into an old friend at a shopping mall or at the airport and you're like,

hey, buddy, good to see you. We should totally catch up. And then you make no effort or follow through or catch up with them, right? So you're just saying things. Why are you saying that? Right, to look good, to avoid looking bad. So you're just saying things. Why are you saying that? To look good? To avoid looking bad?

So I think a lot of the lack of integrity is the biggest difference maker why people don't achieve success in their life. There you go. And part of it is honoring. It's not just about honoring your word to other people. It's about honoring your word to yourself, right? 100%. Because if you don't believe in you, if you don't follow through on your own word, how do you expect your clients? How do you expect your customers? How do you expect you don't believe in you if you don't follow through on your own word how do you expect your clients how do you expect your customers how do you expect

the universe to believe in you if you don't believe in yourself yeah and i think your subconscious listens to you and goes i don't know you're full of shit so i guess we're full of shit so we're just not gonna pay so when you ask your own brain to go hey can you uh make me you know help me make some more money or help me be more motivated. Your brain goes, I don't know, you're full of shit. You don't really care. Yeah. So, you know, the power of your, the power of your word to yourself, I think maybe precedes the power of your word to other people. And if your power of word to yourself and saying and doing what you say you're going to do and, and, and, and all that transposes into what you can give to other people. But if you're, if you're, if you're just a mess yourself, I mean,

you can't really, you can't really use it to support other people because you're just a walking lie, really. Yeah. As I say, right. Put on your own oxygen mask before starting to assist others so there you go it's the same thing and uh wait i thought it was take theirs too no i'm just yeah don't do that i mean that's what's going on the world right now right people are looking for taking from other people that's having a victim mindset um but yeah you totally i think if you don't honor your own word then it leads into low self-esteem low self-confidence then your brain's like oh he's just gonna say a thing it doesn't mean it he's not gonna do it and subconsciously it's like a vicious cycle of micro negotiations we make with ourselves and you know what who

loses in the negotiation you you'll never win a negotiation with your own mind that's true it usually wins especially when it i've established a pattern that it goes no whatever you're saying this week isn't you know you we know how you run your diet. You're going to go back to whatever. So, yeah, we're just going to take your little New Year's resolution and turn that into a cute little thing. And then we'll have you back on track the way you want to be from here on out, right? You give actionable tips for getting started on your journey. What are a couple of the 10 keys?

Do you want to tease some of them out? Yeah. So we talked about integrity being the most important one because without that, nothing else works. Right. But then the other thing is, you know, we'll all have a break of integrity at some point in our life. Right. Like, I mean, I did too. There was a time where I wasn't working out at all.

And I would say, oh, we'll start from Monday. And then I'm looking at it. I'm like, oh, it's the 28th of the month. We'll just start from the first. And then I'm like, well, it's November. We'll just wait till the 1st of January. And I did that so many times. And I was like, dude, you're full of shit. Like you're negotiating with yourself that you're never going to win this battle. You're the one who's going to lose in it. So, uh, you know, now we'll all have breaks of integrity. The key is not to be too hard on yourself or the thing that people do incorrectly is they apologize. Oh, sorry. I'm not going to do it again. No, you are going to do it again, right? Until you change it until you put things in place to ensure it doesn't happen again. Right? So for me, I know

like for the life of me, I'm not going to work out. I hate it. Right. But what I did is I got a trainer. I said, all right, you're going come 12 p.m every single day every single day he comes at 12 and because he's here i end up going and i'm work end up working out but if it left my own devices i probably wouldn't have so creating accountability or rather than apologizing for break of integrity put things in place to ensure it doesn't happen again so always ask yourself what am i putting in place so this does not repeat itself there you go or am i lying to myself i'm not keeping my word to myself. You know, I I've learned that with the gym, you know, you, you do all those promises. Like you said, I was laughing cause you know, I've been there. I've done all those excuses and, and, and I've, I've learned that if you're going to go to

the gym, let's go, let's go, let's get up and go. There are times where sometimes I've done a hard leg day or arm day and I'm beating up the day after and I don't want to go to the gym. Or sometimes I just kind of feel off. Like, oh man, I don't really feel like lifting weights. I just feel kind of lethargic. You know, sometimes it's probably something where my potassium is low or where I'm off somehow chemically. Maybe I haven't gotten enough sleep or something. I'm just kind of tired. Although I try and make sure I get plenty of sleep before I go to the gym, but there's some times where I'm just kind of like, just not feeling it. And so, uh, what I've learned to do is I go, okay, we'll make a, we'll make a bargain with you. We'll go to the

gym and we'll sit on the massage machines and then we'll kind of walk around the gym and we'll go to the gym and we'll sit on the massage machines and then we'll kind of walk around the gym and we'll, you know, maybe we'll get some light weights and just kind of lift them just so we stay in, stay in gear. Right. And that's the little Faustian trick bargain I make with myself. And it's funny, I'll go to the gym and as soon as I walk in there, like just everything kicks on, like, it's just like my body goes hey we're at the gym oh yeah what do we do at the gym oh we work out and you know all right start feeling a little crappy and then i'll walk for a little bit maybe i'll go sit on the massage chair and then suddenly my body's like oh you feel better now all right and i'm like you know suddenly i'm you know going and sometimes

just showing up is half the battle to whatever you're trying to achieve. Yeah. I had the same experience today. This morning, I woke up, I didn't get enough sleep, and I was very lethargic. I was like, ah, I'd rather take a nap. And I got my phone, I was about to text my trainer, hey, let's just start tomorrow. And before I pressed send, I was like, nah, we can't do it. I not gonna negotiate with myself here i put the phone down went downstairs worked out and you know what like energy just came back so it's almost like you know you're not gonna have energy you have to generate the energy right so going there actually generates more energy so i feel way better after working out uh than i did before there you go uh you talk about the three questions to ask yourself when

defining your values why are why are values important and and what are these three questions so values are everything right because if you don't know your values then how would you ever make any decision right so for me people are i've noticed people are not decisive in their life they're always dilly-dallying or they're thinking too much about an important decision they have to make. Always thinking, oh, should I make that decision? Yes, no. But the thing is, if you are very clear with your own values, every decision-making process becomes so easy because you just have to look at it from the lens of, does this decision align with my values? If so, great, I'm going to do it. If it doesn't align with my values, I'm not going to do it, no matter how lucrative that deal might be. So I think filtering, using that as a filtering mechanism is how you will come up with

your decision-making power using values. Because if you don't know what you value, then the world will decide it for you. And then you're going to be not happy with yourself because you let yourself go and you let other people make decisions for you. So, you know, how you define values is it's just, you know, sitting down with yourself and say, okay, what do I value, right? What do I surround myself with, right? What do I spend most of my time with? So for me, I noticed I was spending a lot of my time learning, right? Reading, researching. So I know that that's kind of my calling. So when I'm doing that, I don't feel like i'm overworking hard right business i love it i love learning about it i love new techniques so if i'm spending even at five hours working late nights on my business it doesn't affect me because it doesn't feel like work because i value that

i spend my time doing that right so a kid if you send him to school he's like ah you know i don't really like it but if you ask the kid to play he could play all day long so like what are you spending most of your time on that's question number one right what do you surround yourself with notice all those things and you will pretty easily know what your values are and then it's just filtering it so you might come up with like a list of 20 things then you just go one by one is this more important than this this more important than this right you keep doing that filtering exercise takes a few, but then you'll come up with, like, top five values. And that's what you use to make all your decisions going forward. And it just, you'll be super decisive.

And I think speed of implementation, speed of decision-making is absolute key to success. There you go. There you go. Yeah, it's knowing what you stand for. You know, if you don't stand for, what is that old line? If you don't stand for something, you don't stand for anything um makes all the differences in the world you talk about creating the perfect day setting the stage for your daily success i've been doing some different things in the morning to uh set the frame for daily success what does that look like for you and what you

advise people to do yeah so i mean i look at it from the lens of is everybody's going to have a different day right i mean and some people are morning people they love we can have 5 a.m 6 a.m i'm not that guy right and everybody some people might have long hours of meditation sitting down chanting home not that guy either so everybody will have a different way of doing it some would you know like to do that so the key again, sitting down with yourself and say, okay, what does my ideal day look like? If I did all these things, I would be extremely satisfied with how my day went. This would be the ideal day. If I did these things, this would be the perfect day for me. Great. Now that you've written out all those things, now we'll start putting it all on one calendar. All right. When are we doing it? All right. Three to four, we're doing this.

Four to five, we're doing meditation. Five to six, we're doing a workout. All right, two to three, we're going to work on our business. Now, if you do all those things, not only are you going to have that ideal day that you envisioned, but you're going to be making headways into your life, moving the needle in your business, in your life. So I think that is the number one key, is scheduling things. So anytime coaching students come to me and they're like, hey, I'm thinking of doing this, I'm like, okay, great. When are we doing it? They're like, oh, probably next week. I'm like, great. What day? They're like, oh, Wednesday. I'm like, okay, great. What time? Like two to three. Okay, great. I'm putting it to your calendar, right? So start doing those things

is the biggest way you can have your ideal day. Otherwise life will dictate the day for you. Definitely. I've started doing this thing where what I do when I get up in the morning, I take my coffee and I go sit out in the sun and get my vitamin D and sit out there for 10 or 15 minutes. And it's kind of multiplex where I play, I get to play with my dogs. You know, they're excited. They're Huskies. I'm out in the backyard. And so they're running around all happy and playing and doing stuff so i get to spend some time with them and kind of visit some gratitude uh sometimes i'll take out uh meditations marcus aurelius's book or seneca or um some of the other different things like emerson and and uh who's the epitetus that's who i'm thinking of um now i'll take them

out and read just like random passages out of them just revisit them and just kind of uh think about my morning and then i'll go in and and usually try and listen to some peaceful solo piano music as i light up my computers and just try and be in a frame of like this is my cockpit because, you know, I, like you, are probably surrounded by computers when we go to work. And so this is my cockpit. And the world is coming to me instead of me, you know, responding emotionally to all the different craziness that goes on. And that's one of the things you talk about with how to watch the stock market and stuff without letting the emotional roller coaster and emotions get to you let's transition over into what you guys do is in the trading business um how how do people get off that emotional roller coaster whether it's with a stock market or with life for that matter yeah

when it comes to stock market i mean the issues that most people have are very similar to what each of them go through because there's only two primary emotions, fear and greed, that move the stock market. And a lot of the issues, everybody has the same exact issues. They're holding on to the losers way longer than they should. Rather than taking a small loss, they'll hope maybe it'll come back up. Because somewhere they read buy and hold approach from Warren Buffett. But what most people end up doing is buy and hope. And hope is not a strategy.

Buy and hope. I like that. Yeah. Most people end up doing is buy and hope and hope is not a strategy buy and hope i like that yeah or they'll buy more shares hoping it'll come back up and you know start putting in more money and losing trade rather than realizing that trading is about taking paper cuts take a bunch of small losses but when you're hitting a trade then you need to make a lot more than that your average winner needs to be more than your average loser because think about i mean i i win maybe 50 of the time so i actually lose 50 of the time but if i ensure that my winners are twice as big as my losers so i could take 100 trades i could lose on 60 of them even if i just win 40 of them i'll be profitable right because 40 times 2 is 80 60 times 1 is 60 i still

end up making 20 so i think that is what people need to understand is trading is more statistical probabilities more than anything. So just like you wouldn't enter a business without a business plan, you shouldn't enter a trade without a trading plan. So that's kind of what I teach them to go through is looking at things objectively rather than letting your emotions dictate what you should be doing. There you go. And emotions are the worst things for business trading or for business. I mean, like you say, you wouldn't start a business to be like, hey, are we going to make a business plan? No, let's just go and just wing it emotionally. See how that turns out.

Exactly. So being unemotional helps in this business a lot. It doesn't help in relationships is what I was told by my ex-girlfriend, but it helps in trading. Being undetached, unemotional looking at just things for what they are black and white rather than you know getting greedy and fearful all those things i like big girlfriend thing uh you know i we've talked a lot about stoicism and there's a reason men are masculine and stoic and we make logic and reason decisions uh i mean

yeah it's fine that we can be emotional there seems to be some people that confuse being stoic stoic and stoicism with not having a feeling and people don't get it it's like no you have feelings you just don't let those feelings run the show um you know you you logically reason and process your feelings you okay why am i feeling this way okay what's going on uh i haven't had lunch today and i want to murder everyone okay oh let's see what's going on here uh which is you know every day here at the office um but uh you know and and i realize women are more emotional based uh well they're emotional based and so uh that's the beauty of of them and and femininity uh but yeah i understand the

dichotomy i've been accused of that uh quite a few times not being emotional enough but uh um yeah whatever uh so uh in talking about doing this so you so you a short-term trader or a long-term trader in the in the moves that you're making i both. So the way I look at it is like, if you're a professional trader, you have to have both. So short-term trading is what I call the income producing style, right? Where I'm trading actively every single day. The goal is to make an income, to pay your bills, live off that income, right? But then what I do is I take a percentage of my profits that I invest long-term. So that I call the wealth building style. So now I got two styles, income producing, to live off, pay your bills, generate day-to. So that I call the wealth building style. So now I got two styles, income producing,

to live off, pay your bills, generate day-to-day income, and then wealth building, which is for the future, which is long-term investing. So I think everybody should do both if you're a trader. Now, if you're a business owner, you have another business, you have another job, then yeah, you're not going to be doing the income producing style because your job is your income producing style.

But then you should still take a percentage of that and invest it right for the future growth otherwise you're going to be chasing you know later down in your life you're going to be working your hours for money but you need to be saving and investing now so that you know down the line you have enough cushion saved up there you go so would you call yourself a day trader then or what's your short-term look like? I call myself just like a trader. I trade everything. I'm an opportunist.

Wherever there's an opportunity. So if an opportunity exists for me to make a quick buck in a five-minute trade, I'll do that quick trade. If I see an opportunity that, okay, this might be like a five-year horizon, like Tesla might be a $1,000 stock five years from now. Okay, that is going to be my long-term. So anywhere I see opportunity. So I could switch day-to day to day i could be a short-term trader today like today i took a couple trades you know nothing great a few thousand bucks there and there but then i'll also have a long-term investments going for much uh bigger moves so wherever there's opportunity you'll find me there i like that process i was a day trader during the dot-com booms because it was pretty easy to win.

And I got out when I saw the market topping. I trained as a stockbroker back at, was it Black Monday, Black Friday, Black Monday? That's the wrong time to trade as a stockbroker uh but uh uh so i always thought of myself as a day trader but i never thought about you know splitting it to where you do the long term as well and put a little bit of money away for that long ball yeah yeah that makes better sense to do it that way so what you're saying too is that if people have a solid income and let's say they can't day trade or do the short trade stuff they should they get involved you know or do the short trade stuff they should they get involved you know they've got a good day job should they get involved with short training

or should they really just focus on like what you said to confirm it the long term so long term i think that goes without saying that everybody should be doing that now day trading i don't really recommend for you know people who already have another job or another business because day trading is an actual skill. It's a profession. So just like anything, you'll have a learning curve, and it's the closest thing to a sport. So it's kind of like a sport. Some people get good at it.

Some people are not going to get good at it. But there is a sweet middle ground. It's called swing trading. So swing trading is where you're not getting in and out every day or every few minutes. Swing trading is where you might hold the stock for a few weeks or a few days right so you might take a trade today you might buy tesla today you might sell it a week later so that is a sweet spot which i think uh is easily doable in fact i have a lot of my friends that are doctors lawyers that do that on the side because it takes a few minutes to look at the chart place your orders and you can go about your day do your job and because you're

not worried about day-to-day spikes. You're looking at, okay, what's it going to be a week from now? So I think that is a sweet middle ground that a lot of people can do. It's a learnable skill. It'll take time to learn, but it's a learnable skill. People can learn it if they actually spend time on it. There you go. They say online stats, 90% of traders lose money. Is that true?

So that stat is thrown out a lot online, but it's a completely made up stat. Brokers usually publish their report. They said, okay, we audited all of our clients that we have, and we realized 90% of them are actually, they lose money when who actively trade. But what they don't count is how many people actually study that's like saying oh you know 90 of golfers are horrible at golf right yeah of course but the professionals are going to be good at it so that doesn't mean it's impossible to make money it just means that you're not good at it so same way because of the brokers when they counted that statistic they counted everybody that had a brokerage account so if my mom had brokerage account, she probably was counted as a trader in the statistic just

because she pushed the buy button once or sell button once. So pushing the buy or sell button does not make you a trader. A trader is somebody who goes through training, education. It goes to a whole process of learning, losing money, figuring it out, tracking your trades, creating spreadsheets, creating data. That's what a trader is. And we do the poll all the time. And it turns out in our community, 60%, 70% of them actually make money. There you go. It really is something you have to be good at. And like you said, you have to take the emotion out of it too. I love how you compare it to the closest thing to a sport too. It is almost like a blood sport or sometimes you can come off a day and you're like,

I have a concussion. It's like the NFL. The so when you're, when you think of fundamental analysis versus technical chart analysis, when it comes to trading and investing, what do you think about that? Like I I've done the thing where you buy the charts and then fundamental analysis as well. And which is the best way to try and figure out what to buy

day to day? So I believe in technicals just because technicals are objective. We can look at the chart. We can see where it was, where it went to. And it's fact. It's a fact data. When we get into the fundamental territory, now we're getting into people's thought process, right? You might think it's a great company. I might think it's not a great company. So subjective. It's based on your emotion versus my emotion. So fundamental analysis is just anybody's word versus the other person, whereas technicals are hardcore facts.

So I think when it comes to investing, sure, you might want to look at the company just to make sure it's going to be around. So fundamental analysis is when people are looking at the CEO, the company, their balance sheet, how much cash they have, the product line. That's all fundamental. Technicals, we're looking at hard just charts. Where was the stock? Where is it going? What's the pattern? When it comes to trading, technicals are the only way.

We've all seen companies that are great companies but their stock still goes down right we've all seen horrible companies their stock still goes up so clearly fundamental analysis is not what we should be using i think technicals are the way to go i mean look at gme amc all this stuff happened on reddit just a couple years ago nothing to tell fundamentally for that to happen but it happened happened because of technicals. There you go. There you go. So let's talk about your company, LiveTraders.com. What do you do over there and how do you do it and how do you help people do better at trading? So I started LiveTraders with my mentor, my business partner now. He was actually the guy who taught me how to trade. You know, he took me in his wing, coached me, all of that. So what happened was in 2015,

the company that we were both at got bought out. So we said, hey, rather than joining the new company, why don't you and I start something of our own? I mean, you clearly coached me. I'm your case study right here. So what you taught me clearly works. So why don't we take that same approach and just coach other traders and investors around the world? And that's how we came up with the name Live Traders, because we were sick and tired of watching a lot of online people sell products and courses and selling the dream to people, like come to trading. But we were like, we're going to actually put our money on the line. We're going to trade live. So every single day for the last eight years that I've traded, it's all been live streamed and recorded. Win or lose, people get to see it in real time. Like last week, I lost some money. People got to see it in real time. So I

think that is how people can learn because they can see when I'm losing money and I'm not being emotional. I'm not going on tilt and buying more shares or how people on poker go on tilt. They saw me be calm and say, you know what? We're going to take a small loss here. Let's move on to the next trade. I think that is the only way people can learn is almost like sitting next to me. So we live stream that. That's how the name came to be, Live Traders. There you go.

Now, do you put this on YouTube, TikTok, or do you have to have a special subscriber access to that? So we occasionally do live streams on YouTube completely for free. We put out a lecture every Wednesday. It's an hour-long lecture completely for free on YouTube so i mean people have just they spend time on youtube they'll have all you need to know it's completely for free uh now we the every single day if you want to trade with that is what we do on our website it's a membership uh that people get just like a netflix you get a membership and you tune in every morning from 9 a.m to 12 p.m

we stream our platforms our pnl and people come in and chat it's a whole community of traders we're all helping each other get better and uh you know share ideas there you go i love that because you can actually see people i'm i'm one of those people that if you show me something i can learn it but if you give me an instruction manual i'm like i put the same same yeah it's like this is why i never buy anything from that one uh furniture company i just bought a new desk and i have the same problem like oh i can't do it you know did you send me a video or something let me video how it goes i mean that's that's half the life of youtube anytime i get a new product i'm like how does this work going youtube see

what it is video games like how do i solve this puzzle they go on everything so i love that you guys have that now i'm looking at your website live traders.com how do people it looks at the first step people need to do is join your email list uh the newsletter um is is there a site that has the others access the other stuff to onboard for that yeah so the best way would be to go to live traders guide.com okay once you go on that page it's basically just name an email and you'll automatically get a bunch of emails with the login details. And once you log into the website in your members dashboard, there's going to be a free video course, a free manual, as is two hour video course, and that's enough to get you started. And then there's, as I said, there's hours and hours of YouTube lectures out there that we have. I think if people want to

learn, money should not be an excuse because 90% of our stuff is free. We only charge for if you want to trade live every single day. So I think people can get started at livetradersguide.com. Yeah, and you've got some different things at the bottom of your website that give references and stuff

so people can see some of the experiences people have had with your stuff. In doing what you're doing doing what's your future hope that you can you can build a large group of traders to to uh to to do more stuff you can change more lives what's your motivation long term for uh what you want to deliver in life and make a difference so i'm trying to create the new generation of traders, traders that are not like the traditional Wall Street boiler room kind of people, traders, but traders that are mentally disciplined. We don't want the Jim Cramers of the world,

like buy, buy, buy, sell, sell, sell, just making it into entertainment where it's a serious business. It's a serious business. I'm trying to bring that back to it and show people that you can do it. You don't have to rely on a hedge fund manager or give your money to these Wall Street firms that guess what? They underperformed the market anyway. They lose the market. They might lose your money. Last year, most hedge funds were down 35, 40%.

Whereas most traders in our community, because we also keep a log of every single trade I've taken, we were up 30, 40%. So we can show people how you can do that without trusting a hedge fund manager, giving those fees to the Wall Street. So that's kind of my motivation for that. And also to get rid of these online marketing industry where tons of people are pretending to be traders and selling courses, but when it comes to trading live, they can't do it. They can't back it up. So that's what I'm trying to change here.

Yeah. MSNBC, is it CNBC? I think it is, that trader guy that you mentioned. It's like basically just whatever he says to buy, you sell. Exactly. Everything is the opposite of what he says. Whatever he says, Kramer said it, do the opposite and we'll be fine. I'll never forget the Lehman Brothers buy issue. And then I think there was a couple other kerfuffles.

Oh, many, many. Yeah, it's like, it's always interesting. It's kind of the joke the internet has on him. It's like, do the opposite. Well, Emma, it's been wonderful to have you on. Give us your final thoughts and pitch out as we go out on the show. Yeah, my final thoughts are that, you know, listeners should just take a few of the things that we talked about, but number one is integrity,

right? Just without that, nothing else works. So I hope you read my book and, you know, give me feedback on that because what I don't want is people going from one book to another book, one podcast to another podcast, right? One course to another course. And you're just stuck in that learning loop. Might as well take what we talked about today, such as integrity, such as taking action and start living by that. Start applying that into your life. That's how this will actually benefit you.

So again, if you want to get in touch with me, Instagram, Twitter would be the best places. And if you are interested in trading, then live traders.com would be the place to go. And for the book, Amazon, Barnes & Noble, Walmart, wherever you guys buy your book, that would be the best place to do it. But go out, make it happen, live a person,

be a person of integrity, and live a life that you want to live. There you go. Thank you very much. Order up the book, folks, wherever fine books are sold. Prepping for Success, 10 Keys for Making It in Life

came out December 21st, 2018. Thanks for coming on the show. Thanks, guys, for tuning tuning in go to goodreads.com for just christmas youtube.com for just christmas linkedin.com for just christmas and tiktok uh christmas one thanks for tuning in be good to each other stay safe we'll see you guys next time