Summary
➡ The article discusses a trading program that helps people learn and master trading techniques. The program, likened to a flight simulator, allows users to practice without risking any money. It focuses on identifying patterns that are likely to result in successful trades, with the aim of growing your account over time. The program also teaches users to treat trading as a business, focusing on the odds and executing a proven trade plan.
➡ Trading involves risk, but it’s important not to fear it, instead, respect it as a tool for making money. To be successful, you need to learn how to manage these risks and not let the fear of losing money drive your decisions. This involves only risking what you can afford to lose, and understanding that not every trade will be a win. The key is to follow the right steps and strategies, and to view trading from a higher perspective, like a CEO running a business.
Transcript
Steve now that president-elect Donald Trump has won the election we are seeing already a massive economic surge it’s like we’ve been liberated already from the devastating inflation to bidonomics and the absolute fear of whatever crazy ideas Harris was out there floating around and now we’ve got Vivek and Musk in charge of limiting the power of the administrative state which is just so awesome and for the first time probably in our lifetimes we’ll see the conservative principles of limited government play out in our economy just watch here as Elon Musk explains how the economy is going to grow in Trump’s golden age I think generally people should always be wary that they may have it either consciously or perhaps mostly subconsciously internalize the notion of a zero-sum game or a fixed pie and if you’re internalized that there’s it that everything’s zero-sum meaning like in order for me to get ahead someone else has to not get ahead or for me to have stuff someone else must not have stuff if you have that axiomatic floor then that then that’s what it needs to be done to fix that axiomatic flow because it is false it’s not a zero-sum game we can absolutely grow and have grown and the evidence is overwhelming that we have grown the output of goods and services we have many things today that we did not have in the past we’re far more prosperous all of humanity is far more prosperous today than it was at the times in the past I mean is that not awesome well joining me today is my good friend Troy Newton Troy is one of the best trading experts on the planet and has helped hundreds of people in his training programs and he did all of this all of this up to now under the freaking Biden administration just imagine what he’s gonna be able to do with you now in the golden era gang you have got to check out how Troy does it and how you can do it to just click on that link in the description below or you can scan the QR code on the screen and book a call with Troy and his team today Troy my friend good to have you back welcome to the golden era wow amazing brave new world hopefully not hopefully not that’s well in a good way yeah that’s right it’s the opposite that’s right that’s right the anti brave the brave brave new world or something like that yeah so I mean we were talking before the interview here I mean you’re obviously ecstatic about all this as we are you’re on the front lines of the stock market you you you trade every single day give us a sense of what are you seeing I mean just how good is the trump golden era possibly going to be possibly probably I think they align because in both cases well you could see immediately just when he got elected the surge that’s occurred we Bitcoin hit $90,000 for the first time I had a hard time buying it at $60,000 I mean incredible right which wasn’t right wasn’t too long ago exactly that’s a third less than it is now just instantly and that’s not it I mean the stuff I’m interested in is more traditional investments mostly trading stuff like we always talk about crude oil yeah you love crude oil yeah and it’s going down and it probably will continue to go down so that’s going to be really good for everyday folks less to pay at the pump more in your pocket to buy other things that should bring down inflation all kinds of sectors are going to benefit from this but what we were talking about a moment ago offline which brings back memories is back during the dot com boom when I mean if you could fog a mirror and push a button you’re going to you can make money in the markets right well that’s kind of how it’s been since since Trump got elected since November 5th elect Trump if you could fog a mirror push a button chances are you’re worth more today than before.
You push that button so wow and I responded you know we’re going to be a lot of people I don’t even know if it was talked about I think Trump obviously talked about it but those tax cuts that he instituted were were slotted to to phase out Kamala gave no indication she was going to keep those tax cuts in place and and now he’s even so he’s not only making them permanent but he’s talking about cutting taxes even more heck even floated the idea getting rid of the income tax altogether with with tariffs on on goods and so forth how good do you predict the markets will be compared to the first time Trump was in office because in 2016 2017 we saw a three year boom we did and and I mean I think the markets are up like over 50% when he finally left office through after his first term and that was in spite of one of the worst crashes we’ve experienced in modern times with COVID incident and then the rebound so if any if there’s any indication already of what’s happening and the optimism now that everyone’s feeling there’s a good chance to do that again and who knows hopefully better I mean there’s it’s impossible to predict but lower taxes is a big deal not only because we have more money in our pockets to spend how we want to spend it but then also companies themselves have more money to invest which means more jobs which more economic growth which means all sorts of things so right there should be a good domino effect where it just everyone benefits and I don’t think that we have a chance of this being better than before even though before is a hard act to follow yeah because there just seems to be so much pent up energy that’s just ready to be on like Reagan would say an 80 you know just it’s just ready to unleash the economic giant that’s there just waiting for all these shackles to be I mean think about what doge is doing with Elon and Vivec you know getting rid of all the red tape and the regulations just stagnating the economy and you just said something interesting the built the building up of pressure the pent up demand that explodes and creates this you know that’s how trends are given energy to either start or continue and oftentimes like you know what I do is I trade we don’t really talk about investing I’d like to invest too but trading to me is where it’s at because we could identify a price pattern on a chart and the pattern represents human psychology right the mass basically the sentiments of the market which is right to opposing forces that cause buying and selling right right and pent up demand you could see those patterns on the chart and then you could see the positions you can take to take advantage of the explosion that breaks out of that pent up demand and so these are some of the patterns that we look for because you could place a trade with the real high probability of hitting your objectives and that’s what trading is all about so you get in you get out you get done you push away you go out lived your best life I mean it all works it all fits perfectly right if you don’t yeah you know people click on the link below or scan the QR code on the screen book a call with you can you walk us through a little bit of that because I saw you when we were on our cruise you did you did a live demonstration of how you do trading and I got I got to admit when I hear it just in the abstract it’s it’s intimidating for me because I figure you know I don’t know how to do stuff like that but you actually sat us down and walked us through step by step how amazingly well not even yeah I mean I would say it’s amazingly easy when you have a mentor like yourself doing it and that and that you also have a program where people can practice it until they master it and then they don’t there’s they don’t have to risk any money at all in that it’s kind of like a flight simulator which is really cool can you walk us through a little bit of that yeah exactly so let me just ask you this really quick after you saw that demonstration on the ship that you still have the same trepidation and the same right so not even remotely no I thought I wanted to do it I was excited to do it it’s the fear of the unknown and also people imagine things that just really aren’t what the actual reality is like when I showed you was how you could see a trade right and the trade shows up and it’s already identified one of the patterns that we look for so that the next thing that likely happens typically happens I mean nothing is 100% but it’s the probabilities are so in our favor right so you learn how to use that to build your account and build a business out of it we call it a trade plan it tells you exactly when to get in exactly where to get out even if the trade goes against you where you have very minimal risk you might get out with a small loss but then he who learns to run away lives to fight another day right so trade plans work in mysterious ways and they typically will grow your account two or three steps forward then one step back then two or three steps forward then one step back right it’s just it’s just how it is it’s like any business is maybe going to have a customer that’s irate that’s angry that promises to never do business with you again maybe it was an accident who knows why but then all the other customers that love you come in and give you the business right so a trade is like a transaction the key is is to transform yourself we all start out as a person trying to trade it’s normal but trading isn’t natural because we don’t like uncertainty not knowing what’s if we don’t know what’s going to happen in the future it makes us feel insecure but that’s what trading is trading is placed in a trade and hoping something’s going to happen right so how do you do that where the thing you’re hoping for happens a majority of the time right and that’s what the backpack trader program is all about is we only focus on those patterns we learn them really well and then we use tools that that make it easy also that we could prove over large sample set this same pattern would have grown your account this much it wins 70 plus 80 percent of the time or you could quit your your day trade session with a winning result a vast majority of the time sometimes we’re done in a matter of minutes you remember that that trade and that I did live at the cafe in Florence yeah yeah yeah maybe we can work that in and show it on this interview but it literally was a trade plan that I’ve been doing for years I did it in a cafe people walking around and ordering coffee the waitress little babies crying and I’m sure I had someone record it and it the trade set up and within a minute it hit its entry got into the trade and before you could sneeze it blasted through all the target objectives and was instantly out in fact I call it the faster than you could sneeze trade I was able to recognize it right away place the trade without hesitation because I already believed in and had the confidence in the outcome even if it didn’t win I already expected that could happen a small percentage of the time but this time it it’s like you couldn’t have written the script any better because it hit the entry and the targets before you could even think and I was like oh my goodness my workday is done in two minutes wow and I’m in Florence yeah that’s right with your backpack the backpack you know I go you know yeah it was pretty awesome so so what we try to do is teach people how to treat their trading as a business and to focus on the odds like being in the casino where you have the house odds on your side not as a gambler where you don’t know what the outcome is most likely going to be it might feel good or whatever we want to prove it we want to prove our plan is and we’ll make this money before we risk one penny and then we’re going to go through the practice steps until we get executed perfectly like the pilot in the flight simulator right right don’t want to try to crash in the mountains because it’s fun in the simulator you know practice how you play and and so we we follow a certain roadmap that takes you from a person trying to trade you go through the steps that actually transform you into what I call the CEO of your trading business and instead of worrying about whether a trade wins or loses you focus on executing a trade plan that you’ve already proven is going to grow your account and with power of compounding can get you to your financial goals and you know I always say two to five years is a reasonable expectation I get rich quick it’s a right right exactly you grow it and this was smart money management and other things that we teach where it all fits together and turns into your business and it could maybe you do hit your goals in two minutes like I did in Florence it happens sometimes so it’s kind of nice very nice two minutes and in Florence yes it’s a win right yeah so Troy so we obviously we’re all giddy right now we’re all very excited but we’ve got two months we got two months before the big day January 20th um what action items can people take right now what can people do to take a hold of this coming economic boom just big picture and then where does backpack trader fit into that okay good so first of all I would say click the link and join me on my free training because that’ll open up the picture for you and let you know whether or not this is for you like you’ll get a sense of yeah I want to learn this this is a skill you can learn forever it’ll last you for a lifetime and it’s so valuable to be able to trade if you know how keep it simple get rid of all the stuff you don’t need to focus on so that’s like the individual thing each person can do can acquire the skill so that could they could reinvent themselves basically if you’re tired of working if you’re working too hard on your business even anything that you’re now ready for a change if you learn how to trade it’s amazing what you can do and now the trading opportunities are going to be incredible and there are specific sectors of course they’re going to benefit dramatically with a second president Trump term obviously crypto we know that’s up because he’s friendly to that and who knows the regulations that are going to peel away and make that more accessible and that’s probably on a you know continuing upward trend but also some of the more traditional things like that I like to trade the e-minis and and oil energy is going to probably cost less over time which doesn’t mean it’s going to be bad trading because we could trade it down just as easily as we can trade it up so if you learn the techniques of how to trade you could apply that to any market whether you want a day trade or even maybe just you trade 15 or 20 minutes a week and put on trades that could last days or weeks we call that swing trading that’s another amazing thing you could take advantage of especially with the big trends now markets are going to trend as a relationship or as a result of the new policies that are going to come into play and so focusing on on riding those trends could never be bad so swing trading show all of that Troy you show how to do swing trades and things absolutely yeah absolutely and we use we have advanced tools that come with the systems that I offer my programs that they let you automate certain things so that you could literally look back at this pattern how did it perform over the last 10 years oh wow it would have grown the account dramatically now let’s just see how it continues to work oh it’s still working I mean imagine the kind of confidence and belief that gives you yeah and then you learn to trade small as a relationship to your risk capital we never want to risk more than if we were to lose it all it would hurt us like I don’t want you right we’re not going to lose it all but let’s just say let’s say California falls off the continental shelf into the ocean or who knows that will take you yeah you won’t be able to talk to me anymore I mean unless I’m underwater school but I mean the thing is is that you’re not going to lose all your money but if you did you wake up tomorrow and your life hasn’t materially changed right that’s what risk capital should be like we have to respect the risk but you don’t fear it you just respect it because without risk we can’t make money as a trader like we have to use risk as a tool and that’s where that’s what makes people trying to trade that gives them a hard time because of what we talked about earlier the how insecure you feel when you don’t know what the outcome is going to be it makes you want to run away because anytime you feel like you’re going to lose your money it’s a threat against your survival it’s how your security level yes you run away from it and that’s why a person trying to trade never works you have to evolve and learn how to become the CEO of your trading business then you operate from a higher point of view so if you can that’s what the most important learning is because anyone can learn technique anyone can learn these patterns it shows right on the chart but if you think about it learning to paint by numbers you put the greens and the triangles the pinks and the squares the yellows and the rectangles that doesn’t make you an artist anyone can learn how to do that but that doesn’t make you an artist so a lot of people are out there teaching this strategy and that strategy and they’re probably really good many of them are really good but I think what they’re failing to teach adequately is how to be successful with those strategies because in the end you’re still a person trying to trade you don’t have the big picture not everything’s gonna win and the losing or the the perception of the threat against you is gonna cause you to do everything wrong and run away from that so right so we have to train ourselves how to take a different point of view and it starts with never risking more than you could afford to lose because then you don’t trade from a position of fear and maybe that’s where the brave new world actually fits into this conversation right because yeah you’re still looking out into the future without knowing what’s going to happen next but like with the things that we only trade and what we teach you might know not know what’s going to happen next but you do know that this target gets hit a large percentage of the time and the amount you’re putting on the trade is small enough for the few times it doesn’t hit that target you’re still going to be able to take the next trade and then you overcome the loss and grow your account to a new high again so it’s like yeah it’s an amazing thing when you learn it it really is and it’s not hard to learn it’s just following the steps properly and so yeah so bottom line click on that link yes please sign up for that free training so that you can get acclimated to exactly this and begin to begin to really build wealth in the midst of what promises to be really an unprecedented economic growth it’s just it’s amazing it’s and it’s so exciting it’s great to see i gotta tell you it’s great to see you have helped so many turley talkers gang i actually i’m going to talk to you guys out there troy has helped so many hundreds of turley talkers become financially free through his training programs we’ve got all these success stories but he you have to remember he did it all under freaking biden he did it under the biden administration can you imagine what he’s going to be able to do with you now that’s why you got to check out how troy does it and how you can do it too just click on the link in the description or scan the qr code book a call with troy he’s amazing his team is amazing gang you don’t want two months that’s all you got you got two months and then you know the what is it the starting gun goes and any kind of any ability that you have to leverage yourself to be at the beginning of this boom is over and then you’re just gonna be caught in the way just do that now click on the link scan the qr code chat with troy and his team you’ll love them and and because they’ll love you and they’ll and and just we’re gonna we’re gonna go into this golden era together and it’s gonna be so exciting troy awesome to see you again as always and come back soon because we’re gonna have lots to talk about and we’re gonna have lots to celebrate for sure i’ll be back can excellent i’ll be back thanks guys
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See more of Dr. Steve Turley on their Public Channel and the MPN Dr. Steve Turley channel.
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