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What's it like to be a trader: a day in the life of a trading millionaire - YouTube
Channel: Thomas Kralow
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hi my name is tamas Rollo and welcome to
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my youtube channel where we talk all
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things money finance and trading I've
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been trading for a couple of hours and
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it is 9:40 a.m. currently and I've had
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two trades one was I stopped out with -
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32 points in the second entry ended up
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being plus 154 points so in total I'm in
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plus six hundred and twenty euros so far
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this was the trade number one false
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break of this trunky market level and
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then I traded a fall to break in the
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other direction since we had a really
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strong powerful trend going up named
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longer time frame so I'm not gonna be
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going in depth on what I'm doing
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precisely I'm just saying in general key
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market level this key market level that
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this rule that rule but there are quite
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of many things that you have to keep on
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what in mind when you're trading now
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I've been trading for the past seven
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years so there are a lot of things that
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I'm using all the things that I'm
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looking at I'm also keeping an eye on
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the news since the market volatility is
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crazy
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so I need to keep an eye on that as well
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because the a lot of trading right now
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is done on the news so fundamentals not
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just the technical analysis but because
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of huge volatility it is very very easy
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in general these very easy to make a lot
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of money very fast 1026 a.m. and another
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update on trading today some really nice
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news came out that European Central Bank
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will be supporting the market
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limitlessly and of course that gave some
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positivity to the price movement and I
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did find a really nice key market level
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that I traded quite a few times
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here is the key market level right here
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and I've traded it once falls break
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going down and that's was my - I made
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money on this one then I made money on
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this one then some money on this one and
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finally a nice amount of money on this
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move so today I had about let me see
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five trades in total and only one was in
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- now five trades the losing trade was -
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thirty-two points which is 160 euros or
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about 180 or a bit more dollars the next
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one was plus 156 points so about 800
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euros for $900 then the next one was
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plus 46 points around 250 euros and 280
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or so dollars then I really small one
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plus 21 points which was a hundred euros
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or 120 or 110 I'm sorry dollars and the
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last one was plus 101 points which is
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around 500 euros or around 550 dollars
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so today in total in just two hours of
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trading I am up 1450 Europe
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two hours and that's what is possible in
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day trading however you need to be
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properly educated and you need to have a
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lot of experience and before you start
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money trading you need to practice quite
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a lot this is day trading and this is
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what is possible all right this is not
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the end of hopefully of this trading day
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I will probably take a nap celebrate the
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success and I'll return to the trading
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desk in a couple of hours and hopefully
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maybe I'll make even more today so the
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next update it's been quite a few hours
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and unfortunately I did not find a nice
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enough entry now the market has gone
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into a consolidation and perhaps a big
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position is being gathered so we will
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shoot either up or down at some point
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but I don't really like the shape that
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I'm looking at and if we look at the
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5-minute chart then that's the shape
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beyond the level right there and it
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starts to look like a little bit of
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faith it starts to look like a squeezing
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model however I am out of breath I was
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doing some Fitness here with the
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dumbbells so that I can stay in shape
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and trade and that's actually the beauty
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of trading you're staying at home
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trading and working out at the same time
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now and because of that I'm still at
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fourteen hundred and fifty euros in
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profit today and I decided you know it's
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a super beautiful weather outside so I
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think it's about time we've taken a
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break from trading
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so a small training tip for you guys
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when you're trading professionally
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meaning you're trading full-time now
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there is a big difference between
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professional trading and retail trading
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and I am a retail trader so I'm
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considered to be an unprofessional
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trader which is also a day trader now I
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do personally think that there can be a
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professional day trader it's the one who
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is making consistent profits and I would
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perhaps consider myself being a
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professional day trader now the table I
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want to give you is how to avoid over
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trading it's a very common problem and
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to be honest even in my learning program
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that I've designed to teach other people
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how to trade I make a huge emphasis I
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put a huge emphasis on trading
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psychology because technical analysis
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and fundamentals now there aren't that
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really difficult the difficult part in
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my personal opinion in my personal
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experience in my seven years of trading
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is the psychology and you must keep
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yourself in check if you're getting
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agitated
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oh yeah those girls are funny well
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that's the side effect of the
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coronavirus so yeah these are the small
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size so I can actually swim with them
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so yeah when you are trading full-time
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you must keep your emotions in check and
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that is extremely important because if
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you are getting upset very very quickly
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trust me sooner or later it will lead to
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many losses and if you feel all been
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upset and agitated you should leave and
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do something else maybe go to the city
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center and enjoy a nice cup of coffee or
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if you look at the market and you don't
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really see anything of value like me
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today then you should perhaps once again
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take a break go enjoy the nice weather
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the beautiful weather here in Northern
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Europe and Latvia and that's me and my
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girlfriend we are going to the city
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center right now we will not be in any
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crowds or cafes we'll just walk around
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and enjoy the weather and beautiful
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paradise of Northern Europe and that's
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that's the key don't over trade when
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you're sitting there and thinking that
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you must be trading there is no such
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concept as must be trading in trading
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you must only choose and pick out the
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best opportunities that the market is
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offering and that's the biggest problem
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one of the biggest problems that so many
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beginner traders are making they're used
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to nine-to-five jobs for example and
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they're used to working for I don't know
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five hours or 10 hours or whatever per
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day and getting paid for each single
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hour in trading it doesn't work this way
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so when you don't see anything of value
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just take a break
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walk around and enjoy the sunshine and
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that's the beauty of trading and that's
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what you should be doing in your own
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trading and that's what I'm doing
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right now
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there is absolutely no one on the
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streets
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quite honestly saw that I don't like
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people but I do enjoy this freedom just
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like with trading
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so many people actually asked me Thomas
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why do you live in Northern Europe it's
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quite a poor place and there right but
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at the same time it's a really beautiful
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place and I was born here and I actually
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love this place look at it it's
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absolutely gorgeous so after walking
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around for a little bit and enjoying the
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sunshine and a beautiful day we returned
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home and I did trade a little bit right
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now it's half past ten o'clock in the
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evening and the market is pretty much
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dead already and I think I'm gonna call
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it a day
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and since our walk outside in the city
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I had three last trades now they were
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nothing special
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number one was - 15 points so about - 75
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euro or around 90 dollars or so a bit
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less 85 dollars then a zero trade so I
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opened it and I didn't really like how
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the price behaved so I had some plus
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about 200 euros and then the price
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quickly returned so I closed it with a
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zero so I didn't really believe it and
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then the last one was a squeezing model
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and the news were quite good - the news
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were quite positive and therefore I
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believed in the squeezing model beyond
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the key market level which in turn would
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result in the break of them of that
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level and a really nice climb and I've
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taken just 40 points which is still ok
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it's 200 euros around 220 dollars and
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that's pretty much it so in total today
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I've had nine trades five of which were
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a plus one was a complete zero an
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absolute zero and three of which were a
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minus so not a bad result a really
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really really nice trading day today in
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total in points I lost 53 points and I
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gained three hundred and sixty four
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points so think about that for a moment
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one day of trading with just nine trades
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and I took a really nice time off in the
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city driving my favorite lovely car and
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enjoying the sunshine and then coming
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back and making even more money so in
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total today fifteen hundred and eighty
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euros which is around eighteen hundred
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dollars or so maybe a bit less so this
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video is coming to an end I'm quite
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tired and it's about time I call it a
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day and go to bed like that subscribe
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button and like the video if you enjoy
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this vlog style trading and don't forget
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to follow me on Instagram as well and
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I'll see you in the next video
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