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#633: You Can Be Profitable With A 37% Win Rate

May 11, 2026

You Can Be Profitable With A 37% Win Rate

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#633: You Can Be Profitable With A 37% Win Rate

In this video:
00:43 – Win Rates in Trading and a Simple Example
01:26 – Percentage Risk for a Trade/Risk Management
02:08 – Client Ryan achieves 9% with a 37.6% win rate
02:46 – Outside world win percentages for Roger Federer,
03:15 – Casino games win rate, need 55%+
03:57 – Sports betting win rate, need 55%+
04:48 – 95% traders lose, only hear about the 5% winners, winning AND s
05:33 – 2 ways to react to losing trades, one preferred way
06:17 – Taking the good with the bad: celebrate wins and deal with losses

How would you like to be a consistent and profitable trader with a win rate in the mid to high 30s or low to mid 40s? Impossible? It’s not. And how do we react to losing trades? Let’s talk about that and more right now.

Hello this is Paul Tillman. I’m the Director of Coaching Services at The Forex Trading Coach here at my home in the Raleigh, North Carolina area. And this is video and podcast number 633.

I want to talk to you about 2 things: win rates and losing trades.

Win Rates in Trading and a Simple Example

So win rates which is simply the number of trades you’re winning divided by total number of trades that you are taking. So let’s do a simple example here. Let’s say you take 2 trades. First 2 trades you lose your risking $100 per trade and you’re down $200. Let’s say the 3rd trade that you take is a winning trade. And your reward to risk is 3 to 1, as in your win is 3 times what your loss is. So you’ve won $300 on that trade.

Now if we add that up you have 2 losing trades at -200 and 1 winning trade at +300. So you’ve made a net gain of $100. And with 33.3% win rate.

Percentage Risk for a Trade/Risk Management

And as always we suggest taking a quarter or a half percent risk on the actual trade that you take. Risk management is very key, and so is consistently getting that reward to risk. So you can be a profitable trader at 33.3%.

Now if we extrapolate that on all the trades that we take on our live webinars, on our form site and our chat room area for our daily trade suggestions, which is like a newsletter we put out each weekday. Extrapolate that out to tens and hundreds of trades in a year, and you can do very, very well with a win rate that’s much lower than 50%.

Client Ryan achieves 9% with a 37.6% win rate

In fact, we had a trader, Ryan, who said for his March trades, he made 9% gain at a half percent risk, with an average awarded to risk of 2.6 to 1 across all his trades. And his win rate was 37.6%. So under 40 with a 9% gain in 1 month. That is incredibly good. And if you could do that every month, you know the sky is the limit with regards to firms and trading retirement accounts or whatever it is, you can do fantastically well now in the outside world, that’s very hard to do to be successful at something at under 50%.

Outside world win percentages for Roger Federer,

Let’s take a few cases here. Roger Federer, who’s arguably my favorite tennis player and I think one of the best of all time, only won about 54%-55% of all points that he played. Which is crazy to think about how many Grand Slam titles and overall titles that he’s won and he’s only done that percentage.

Casino games win rate, need 55%+

Now let’s take 2 other different ventures: the casino. A lot of people are going to casinos on cruises, or if there’s casinos where you are and the house always has about a 1% to 5% edge, depending on what game or what type of hands you’re playing, machines, et cetera, etc. so you’ve got to be in that 53% to 55% win rate range just to break even.

And the casinos know this and they have that house edge. So it’s built in. But if you can get over 55%, which is rare, and your casino games and everything are set up for you not to do that, especially long term, then you’ll be a consistent winning player of the casino.

Sports betting win rate, need 55%+

Let’s take sports betting huge around the world and has been growing in the US the last 5 to 10 years especially. Again, there’s a built in advantage to the casino. If you win 52% – 53% of bets, you’ll break about even that, that juice that they have or that vig as they say, is to the sports books advantage and the casinos. The best bettors in the world only win 55% to 60%. And that’s at the very top.

But you can do well if you can achieve that number. So in trading, you know, high 30s, low 40s. Our client Ryan, who’s been with us a couple of years and others are getting right in that, you know, mid to high 30s or low 40s for a win rate.

95% traders lose, only hear about the 5% winners, winning AND losing trades

The other one that I want to talk to you about is losing trades. There’s a reason why 95% of traders lose. But you don’t hear about the 95%. You hear about the 5%. If you take a look out there, I’m a proud owner. I’ve got another car. I would have been newer one, but that’s my 2007 Hyundai Santa Fe. It’s got 365,000 miles on it. And you know, I’m just regular guy with a family.

And I’m going to show you what winning and losing trades are about, because that’s what most of 98% of us deal with. And we’ll give you the real story. A lot of times on social media, you don’t get what goes on behind the curtain because people only post about the positive things. So I want to give you the true story of trading and how it goes. So losing trades, none of us like to lose. But it does happen.

2 ways to react to losing trades, one preferred way

So how do we react to losing trades? What are 2 ways? 1, I made a technical error. I had a deal breaker in my strategy and I traded it. I traded during news. I broke a rule I over risk, I over traded whatever I tried to revenge trade, whatever it is.

That’s 1 reason why you also trade. The 2nd reason, and the 1 I prefer the most is you made your analysis, you stuck to your strategy, you kept all the rules, you took the right risk and you took the trade and it lost and the market just simply went against you. That’s the preferable way to trade. That’s a great way to lose a trade. Even though that sounds counterintuitive.

Taking the good with the bad: celebrate wins and deal with losses

But losing streaks will happen sometimes you’ll have a losing week or a losing month and you just have to deal with that. That’s the reality of trading. As my good friend Darryl says, you have to take the good with the bad in life, and that certainly applies to trading. Take the winning trades, celebrate them, and learn how to deal with the losses.

And all together, you’ll have a consistently profitable time of trading, and you can learn the life long skill and have it work in your favor.

So that’s it for me. I’m going to go watch Carolina Hurricanes NHL hockey team here in the Raleigh area, going for the Stanley Cup. But yeah, we’ve talked about win rates today and how you can win with much less than 50% and still be consistently profitable.

And how do we react? It’s easy to react to a winning trade, but how do we react to losing trade. So that’s it for me. We enjoy this beautiful weather and some hockey and we’ll see you next week here at The Forex Trading Coach. Thanks.

Episode Title: #633: You Can Be Profitable With A 37% Win Rate

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#632: The Trading Mistake That Keeps You Broke

Apr 27, 2026

The Trading Mistake That Keeps You Broke

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#632: The Trading Mistake That Keeps You Broke

In this video:
00:28 – Too many traders simply over trade.
01:20 – We have so much access to charts.
03:19 – Don’t break your trading strategy and rules.
03:44 – Blueberry Markets as a good broker choice.
04:15 – Bali trading retreat.
05:05 – Don’t force trades.

Overtrading can be the absolute killer for many people. And this week’s been a perfect example of why you should not do that. I want to discuss that and more with you right now.

Hey there traders! Andrew Mitchem here at The Forex Trading Coach. Outside another beautiful day with video and podcast number 632.

Too many traders simply over trade.

Now overtrading is a problem that so many people have. You know people get into trading and they want look at the charts. They want to be taking positions. They’re seeing this indicator jump over that one on this dot appear here.

And all these different things that look really, really cool. And they go down to very short time frame charts. And they’re so desperate to see trades. And look, I get it. I used to be like that years ago. Don’t forget, when I started we were on dial up internet and when 1 gigabyte a month was a huge data plan.

And so when I jumped on the computer and finally got the internet to work. You know, if you my age, you’ll understand and remember the old sound of the dial up internet. The issue that we had then is that because now I’m now online, the kids are asleep type of thing, and now I’ve got a bit of time. I’m forcing a trade.

We have so much access to charts.

And today we almost have the same problem, but a different scenario that we have so much access to everything. And you can just look on your phone or, you know, and you can just jump online at any stage and you’re forcing trades to happen. And sometimes the very best thing you can do is not to trade.

Now, this particular week has been a terrible week for trading. It’s just been like nothing’s showing up on the charts. Very few trades I think I’ve taken 4 trades and it’s now Thursday and there’s hardly anything happening. It’s day after day of scanning through the charts. Just quickly go no, there’s nothing there. And so while sometimes that can feel frustrating, you’ve got to remember that there is no point in taking a trade just for the sake of taking a trade.

All you’re doing is giving yourself a really good chance of losing, and you’re feeding your broker more what I call clicky click fees. You know, more commission fees for entering the trade and it’s going against your trading plan that’s going against what you know that you should really do. But you feel as a trader, whether you’re on a prop firm or you’re on an account, you feel that the only way you’re going to grow your account is obviously to take trades.

But the reality is in these market situations, less really is more. The market’s been very volatile, obviously with all the things happening in the world. And that’s just getting reflected on the charts with lots of absolute flat, no movement, just day after day after day. And so now of course, there have been some trades and a few trades, but like in general it’s been a terrible week for trading.

And so as mentioned, just to accept it, it’s part of trading next week will probably be absolutely brilliant. And it’s just the way it is. So you can’t change it. You can’t like manipulate the market. You can’t do any of these things. You just got to go with what you presented at the time. So the takeaway lesson and the key of this video is that, you know, trading sometimes is not exciting. And that’s the reality of it. And you’ve got to accept that if you’re a real trader.

Don’t break your trading strategy and rules.

Don’t over trade, don’t force trades, don’t, you know, change your strategy, break your rules just because the market’s not giving you anything, you’re just going to regret it and hate doing it and lose trades. And then, you know, next week when the market, let’s say, does become good, you’re fighting, trying to get profitable trades just to get back to break even from the terrible week you might have had in a week like this, if you’re taking too many positions. So bear that in mind.

Blueberry Markets as a good broker choice.

If you’re out there looking for a really good forex broker, I can highly recommend Blueberry Markets. They’re based across in Australia, but people from right around the world can trade with them. So a few exceptions like the US and a couple of other countries, but most other people you can trade with Blueberry Markets. Look, there’s heaps of brokers out there and, you know, there’s a lot of not great ones and there’s a few really good ones. And I would classify Blueberry Markets as one of the very best that I’ve ever dealt with. So I’ll put a link to them if you’re interested in them as well.

Bali trading retreat.

Also to let you know that, this time next week I’ll be on a plane to Bali. I have, I’m going there to be part of a trading retreat, with a 5 trading days of actual live trading in front of people and a couple days at the weekend prior with lots of events and trading, sort of presentations and speakers, etc. So really looking forward to that. I’m very honored to have been asked, as 1 of the traders from 20 traders attending from right around the world, we’re going to be real trading.

This is not some expo where we’re all stood there in a, you know, in a booth or a tent and waffling on about trading. This is real trading with professional traders from right around the world and about 80 attendees. So I’ll be making some videos and podcasts from Bali in the next week or so, and bringing you all the information that I can learn from that to pass on to you.

Don’t force trades.

So, looking forward to that one. But, for now, don’t over trade, don’t force trades. If there’s nothing there, just get outside and do something else. And, there’ll be a trade there soon. This is Andrew here at The Forex Trading Coach. I see you this time next week. Bye for now.

Episode Title: #632: The Trading Mistake That Keeps You Broke

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#631: He Took One Course… Now Runs Multiple Prop Accounts

Apr 20, 2026

He Took One Course… Now Runs Multiple Prop Accounts

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#631: He Took One Course… Now Runs Multiple Prop Accounts

In this video:
00:28 – We help traders become profitable.
01:20 – Live prop firm trading webinar for our clients.
01:55 – A life changing event joining TFTC.
03:52 – Come and join us at TFTC.
04:28 – Watch my Masterclass.
04:36 – Blueberry Markets as a Forex Broker.

Do you know that something as simple as taking a course can change your life? That’s what’s happened to us here at The Forex Trading Coach this week with one of our clients from Singapore. I want to talk about that more right now.

Hey there traders! Andrew here at The Forex Trading Coach for video and podcast number 631.

We help traders become profitable.

At The Forex Trading Coach, our aim is to have all of our clients successful traders and just this week to help out. As an added bonus, we held a 90 minute live prop firm webinar. Now I was joined on the webinar by Ryo. He’s a client of mine who’s been with us since 2021. And he understood the course. He got it. He has put a lot of time and effort in and from 2022 onwards. So for the last 4 years, he has been successfully trading on prop firms. So he’s passing through the challenge stages. He’s on to real money and he’s successful on multiple prop firms.

He averages sort of 3 to 5 live prop firms at a time, running solely on the strategy that I taught him back 5 years ago.

Live prop firm trading webinar for our clients.

Now, to help out our clients, Ryo joined me on the webinar just this week. And he just gave his whole insights into prop firms, you know, the pros and cons of doing it, how he trades on them, the practical aspects of it.

You know, what it’s looking for in terms of the strategy, obviously our strategy, but in terms of risk, which trades he takes, which he does, and all that type of thing. And he is incredibly successful at doing this.

A life changing event joining TFTC.

Now, I’m going to stop now and just jump to about a 1 minute clip from the end of that session, because what Ryo said to me at the end, brought a tear to my eye and he said that joining the course back then in 2021 has been life changing for him.

Now, that means so much to me and our other coaches because we genuinely care about our clients and their success. Have a listen to the end of that session right now.

I really appreciate your time and your contribution to everybody’s success here. And, I.

Mean, I just want to say a personal word as well. I mean, thank you, Andrew, for, you know, I mean, of course, I obviously I didn’t get into this for you, right? I mean, I paid for the course and everything, but I think what is more important is the platform that you have created and you know, the honesty that you have that you have shown over the years.

Just being realistic on how trading has actually really changed my life. So I’m really thankful for you. Follow along for this. Hence, I actually put in the effort to try to give back to the community as best as I can. And here what we have now today, and the 95 page document is really a culmination of all my experiences, all my knowledge I can put into it, get it into my pitch, and I hope I can help traders just to pay it forward in a sense.

Awesome! That’s very kind of you. That means a lot. And yeah, I think we should stop there. Otherwise I’m going to shed a tear. That means a huge amount there, you know, when you said it’s changed your life and that. And that’s huge. I mean, that’s what we do, what we do, why we do what we do. And I really appreciate that. That’s awesome. Lots of nice comments coming through from people here as well. Thank you so much for your time.

So I hope you enjoyed listening to that. As I said earlier, it really meant a lot to me that we have helped change the lives of people, and their families.

Come and join us at TFTC.

And if you’d like to find out how you can come on board and join our community and beyond webinars like Ryo held for our clients this week.

And by the way, he created a 95 page PDF file that all of our clients now have. He’s done that for free. I didn’t ask him to do that. He jumped on the webinar and did that for free. He provided 62 slides and he made them all himself. Got absolutely nothing out of it apart from he now wants to give back because he is doing so well as a result of joining us some 5 years ago.

Watch my Masterclass.

So if you’d like to do the same, have a look at the masterclass that I have on here. I’ll put a link or straight to the video course page if you’d like to come straight on board with us right now.

Blueberry Markets as a Forex Broker.

If you’re out there looking for a broker, I can highly recommend Blueberry Markets. I’ve been with them for years. Again, personal contact, I know them, I’ve met them. I’ve been to their offices. I know them in person. I speak to them on a regular basis.

And I think in this market, when there are just so many choices and so many videos out there and gurus and experts and brokers and all these different things, it comes back to human contact and having trust in someone that’s out there doing it. And that’s why Ryo is so successful. That’s why we’re successful at not only trading ourselves, but teaching people. And that’s why I can recommend Blueberry Markets.

It’s that personal contact that sets us all apart. We care, we genuinely care. We genuinely do this on a day by day basis. If you’d like to join us or Blueberry Markets, have a look at the links here.

Don’t forget to like, share and subscribe if you’re watching and I’ll see you this time next week. This is Andrew Mitchem here at The Forex Trading Coach. Bye for now.

Episode Title: #631: He Took One Course… Now Runs Multiple Prop Accounts

Find out more about Blueberry Markets – Click Here

Find out more about my Online Video Forex Course

Book a Call with Andrew or one of his team now

Click Here to Attend my Free Masterclass

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#630: The Truth About Full-Time Trading (It’s Not What You Think)

Apr 13, 2026

The Truth About Full-Time Trading (It’s Not What You Think)

Podcast:

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Find out more about Blueberry Markets – Click Here

Find out more about my Online Video Forex Course

Book a Call with Andrew or one of his team now

Click Here to Attend my Free Masterclass

#630: The Truth About Full-Time Trading (It’s Not What You Think)

In this video:
00:26 – What my typical trading day looks like.
01:15 – Easter break and 2x H6 trades taken.
02:01 – I’m up +3.4% for the week to date.
03:03 – We trade using limit order so you can always place the trades.
03:45 – Enjoy life and trade less.
05:00 – Don’t get glued to the computer all day.
06:19 – Trading for 21 years.
06:42 – Check out my Masterclass.

What does the typical trading day look like for a full time trader? Well, I’m going to share with you what I do, how I do it, and why I think it’s a great way to trade. So let’s talk about that more right now.

Hey there traders! Andrew here at The Forex Trading Coach for video and podcast number 630.

What my typical trading day looks like.

I quite often get asked by people around the world saying, “Hey Andrew, can you show me like how you’re trading or what your typical day looks like?” And people get very concerned that, you know, maybe they can’t trade the way that I trade because they live in a different country, or they’ve got commitments or other work or whatever it might be.

So just to show you now, we’ve just turned 10:00 in the morning here, and I’ve just taken my trades for today. So every day at 5 p.m., New York time, which currently is 9:00 am here in New Zealand. I go through and look at the daily charts and also the 12 hour, the 8 hour and the 6 hour charts, and we post trades every single day and have done since 2010 on our membership site for our clients based on that close of day.

Easter break and 2x H6 trades taken.

Now, right now we’ve just had Easter, so the markets are kind of a bit all over the place. And for today, there were no specific daily trades. It’s quite unusual. Most days we have between say 1 and about 4 or 5 daily chart trades. Today there were none. That’s absolutely fine. It’s just what the market’s doing.

There were some big moves yesterday. There’s this potential, sort of peace deal going on with the Iran war and so big movement in the market, but right now, no specific daily trades for today. However, we did just take 2 trades on the 6 hour charts. I’ve just taken a sell trade on the GBP/JPY and also the GBP/CAD. And so they’ve been placed here behind me.

I’m up +3.4% for the week to date.

My account so far this week, and bear in mind, it’s a very quiet week with Monday and Tuesday no trading due to Easter, I’m up 3.4% for the week so far, and that now, after I’ve just taken those 2 6 hour chart trades, that is my trading done for today.

Now, later tonight, my time, I’m actually holding a live webinar with my clients, and we will be looking at the 5 a.m. Eastern Standard Time, New York change over. And you can quite easily trade in just once a day, twice a day following along with what we’re doing.

Now depending on where you live in the world, you can of course trade other candle closes. So, for instance, in 6 hours from right now, which will be my 3 p.m., I could look at the 6 hour charts, at my 5:00 pm, I could look at the 8 hour charts. And so depends where you live in the world on those candle closes. But, if you wanted to do nothing else, you could trade just once a day.

We trade using limit order so you can always place the trades.

Now, if you’re saying to me, hey, look, I live in Europe, and the 5:00 pm New York time is the middle of the night for me. That’s fine. We’ve got clients in 111 countries right around the world who trade our system. So what you guys can do is, if it’s too late for you in your evening time, you can wait until your morning time and place trades on those daily charts or those other time frame charts, because we use limit orders. So you don’t have to be here right now at this exact time. And that’s the beauty of the way we trade.

So for me, that’s my trading done. I’ve got the webinars mentioned later tonight, my time with clients in the European session. So I’m going to prepare for that. And but from a trading point of view, that is my trading done for the day.

Enjoy life and trade less.

Other things you can go and do. Well, that’s up to you. For me here, I’ve got my guitars behind me here and my mic set up, and I love doing that. I live on 11 acres here and, we’ve got, you know, tons to do outside on 11 acres. We grow all our own food or as much of it as we possibly can.

I’ve got animals and chickens and quail, horses, etc. And so I like to get outside and enjoy the 11 acres here of physical work as well. I think that’s really important, you know, mentally and physically. You’ve got to do, I’m not a gym person myself. In fact, I can’t think of anything worse than going to a gym personally.

I want to achieve something. I’m out, you know, cutting firewood, doing weeding and things like that, growing things. And I think mentally that’s so much better for you if you have that opportunity. Get out in the sunshine. Go for a swim. You know, that’s the beauty of 11 acres, and we’re quite a steep 11 acres as well, so we’re always doing something physical.

Myself and my wife work outside together as much as possible. So whatever it is that you want to do, this trading here does not require you to sit at the charts all day.

Don’t get glued to the computer all day.

And that’s the issue that so many people have. They think they need to sit on 5 minute charts and 15 minute charts or 1 minute charts.

You just don’t need to do that. You can trade on your own account. You can trade on prop firm accounts. Don’t forget that if you are interested in prop firms, the key to passing a prop firm is not to hit their drawdown level. It’s as simple as that. So you need to have low control risk per trade and consistency in your trades, but also high reward to risk trades.

Just like the 2 trades I’ve just taken there. I’ve placed those on a prop firm. They’ve only got a quarter of 1% risk each. So if they both went wrong, all I lose is half a 1%. Yet they have an average of a 2.6 to 1 reward to risk if they hit their profit target. So you can see the quality of the money management, the risk management that we have in place that is crucial, not being glued to the charts.

Go and do other things, whether it’s work, life, family, guitars, flying helicopters, outside growing food, whatever it is that you want to do, have the trading here as something to create an interest in what’s happening in the world and the passive income. But don’t let it take over your life by being glued to watching the screens all day, you’re probably not going to end up enjoying it.

Trading for 21 years.

I’ve been doing this for over 21 years now. I’ve been teaching for nearly 17 years. The reason I love it is because we’ve got a great community of people all trading the same strategy, and we just trade just a few minutes a day, and we love our trading as a result of that. And as mentioned, 3.4% already this week on what is a very, very quiet week due to the Easter break.

Check out my Masterclass.

If you’d like to know more, feel free to have a look at my masterclass. Feel free to have a look at the website and all the information we have on there. If you’d like to join us, there’s a link there that you can join us here at The Forex Trading Coach.

And if you’d like to book a call with my team, you can do that as well. I’ll put a link to that.

So once again this is Andrew Mitchem here at The Forex Trading Coach enjoying trading, enjoying life, getting outside, putting trades on, leaving them to do their thing, letting the market do its thing. And that’s the key to enjoyable and successful trading.

Episode Title: #630: The Truth About Full-Time Trading (It’s Not What You Think)

Find out more about Blueberry Markets – Click Here

Find out more about my Online Video Forex Course

Book a Call with Andrew or one of his team now

Click Here to Attend my Free Masterclass

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#629: Fuel Prices Are Rising… But Oil Is Dropping?

Mar 30, 2026

Fuel Prices Are Rising… But Oil Is Dropping?

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629: Fuel Prices Are Rising… But Oil Is Dropping?

In this video:
00:33 – War, cost of living and fuel increases.
00:57 – US Oil prices fluctuating.
01:38 – In 2022 the oil price was higher than today.
02:40 – As traders we can Buy and Sell.
03:55 – What makes our style of trading different.
04:35 – Our redesigned website.
04:45 – Blueberry Markets as a Forex Broker.
05:16 – Check out our Masterclass.

Fuel prices are going through the roof across the world, and the cost of living is going mad. Now, how can you trade oil and what’s happening to it? What’s happening with this war? And how can we as traders make money, whether the oil prices are going up or down? Let’s talk about that more right now.

Hey there traders! Andrew here The Forex Trading Coach for video and podcast number 629.

War, cost of living and fuel increases.

Now obviously the war and the cost of fuel in particular and the cost of living in general is just affecting anybody, really doesn’t seem to matter where you live in the world, fuel prices are going absolutely mad and when you have a look at charts, you have a look at oil, for example. It’s a little bit difficult to understand some of it. Now let me give me some reasons for this.

US Oil prices fluctuating.

And now a couple of weeks ago, we saw the US oil price spike up towards $120. Right now as I’m recording this, it’s back to 92. Yet all I’m seeing is the fuel price at the pumps going up and up and up.

Now, I also buy Jet A-One Fuel as a helicopter pilot, and that has been going stupid as well with about a 90 cent increase last week, another $0.35 this week. It’s just getting ridiculous. Yet on the charts, the price of oil has dropped and it kind of makes you think, without wishing to get political, what’s actually happening.

In 2022 the oil price was higher than today.

Now, I’ve just had to look back at my charts at the US oil price and some interesting things happened. Now, no one seems to realize that only four years ago, in March of 2022, the oil price was actually higher than the $120 it peaked at a couple of weeks ago, and it stayed there for almost four months. And if you go back further again to 2013, it was around the same level as where it peaked a few weeks ago.

If you go back to 2008, it almost hit $150. Yet here we are today in 2026 and the price right now is $92. Yet fuel prices going mad. And of course the knock on effect of food and transport, etc. it’s just crippling businesses and people right around the world. So as mentioned, there is the political side of things, which we’ve probably all got our opinions and I won’t go into mine right now, but something seems wrong.

As traders we can Buy and Sell.

And then there’s the trading point of view, which is what we can talk about. And it is something that we can control more. And the beauty of the way that we trade is we can look at whether US oil or UK oil, and we can make a decision to buy or sell, depending on what the chart is showing us at the time.

And we’ve taken many trades in the last few weeks on oils, both long and short, just because you know the price of the fuel pumps going up and up doesn’t mean to say you have to take long trades on it. If you’re seeing good selling opportunities, and that is the advantage of the way that we can trade on the forex charts.

Now, of course, we can trade other markets such as metals. And again, you know, everybody sort of seeing gold and silver go through the roof. Then of course it fell back. And now it’s kind of like pushing back up again. And we have the ability to buy or sell metals. You don’t just have to buy simply because everybody thinks gold or silver is going up exactly the same in cryptos.

You know, we’ve seen massive move ups, we’ve seen big falls. And again, we can buy and sell depending on what the charts are showing us. And we can do the same with indices and of course with all of the pairs available to us.
What makes our style of trading different.

Now that is what I think makes what we do quite unique and quite special and very exciting. It’s just giving us the opportunity to be less, I suppose, concerned with what the mainstream media and we kind of have an opinion on those as well. So don’t believe everything they tell you. They certainly don’t do that. But you know, in general, everybody sort of thinks that metals are going up, cryptos are going up and certainly oils are going up.

And you don’t have to just take buy trades, look for opportunities in both directions. And that is an amazing thing with the way that we can trade.

Our redesigned website.

The other thing I want to mention is that we have a new look website out there. So have a look at TheForexTradingCoach.com, check out the new site. Let me know what you think of that.

Blueberry Markets as a Forex Broker.

And if you’re out there looking for a good broker where you can trade the oils and metals and indices and cryptos and of course forex pairs, check out Blueberry Markets. They’re based across in Australia. But people from right around the world, in most countries, it’s a few exceptions, but most countries can open an account with Blueberry Markets. Great people, great platform, heaps of markets available to trade and very good tight spreads throughout the day as well. I’ll put a link to Blueberry Markets as well.

Check out our Masterclass.

If you’re not checked in on masterclass, make sure you do that. There’s a link here as well.

And any questions or topics you’d like me to discuss on future videos and podcasts just like this? Just drop me an email Andrew@TheForexTradingCoach.com and don’t forget to like and subscribe if you’re watching on social media.

This is Andrew here The Forex Trading Coach. Let’s see how oils keep going. But don’t forget the ability of us as traders is to take both long and short.

You don’t just have to be watching those prices at the pumps and think, well, oil is definitely rising because sometimes it’s not.

Episode Title: #629: Fuel Prices Are Rising… But Oil Is Dropping?

Find out more about Blueberry Markets – Click Here

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Book a Call with Andrew or one of his team now

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#628: Before You Buy a Prop Firm Account, Watch This

Mar 23, 2026

Before You Buy a Prop Firm Account, Watch This

Podcast:

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628: Before You Buy a Prop Firm Account, Watch This

In this video:
00:37 – How to pass a Prop Firm Challenge.
00:56 – #1 – Don’t open a Prop firm account right now.
01:45 – #2 – You need a proven and easy to trade strategy.
03:05 – #3 – Trade your own real money account.
04:27 – #4 – Use a VPS and Trade Copier software.
05:54 – #5 – Choose the prop firm account type that suits you.
06:55 – Blueberry Markets as a Forex Broker.
07:10 – Our new look website is now live at www.TheForexTradingCoach.com

Today, I’m going to give you my top five tips so that you can easily pass a prop firm challenge. This is a really important video if you’re wanting to make money through trading the forex market. Let’s get into that more right now.

Hey there Traders! This is Andrew Mitchem here, the owner of The Forex Trading Coach with video and podcast number 628.

How to pass a Prop Firm Challenge.

Outside again here today on an absolutely stunning autumn day here in Nelson in New Zealand. And the topic of today’s video and podcast is all about how to easily pass a prop firm challenge. I’m going to give you my five top tips.

Now, the first one’s going to really surprise you, because you’re going to be expecting me to talk about some of which prop firms or trading strategy. But my number one top tip to easily pass a prop firm challenge is not to open a prop firm account.

Not for now. Certainly, by the end of this, you’re going to know why and when you should do so.

#1 – Don’t open a Prop firm account right now.

But my number one tip, honestly for now, is do not waste your time. Do not waste your money. Do not pay the prop firm. And if you do that now, if you start now, you’re going to lose confidence. You’re going to lose money. You’re going to waste your time. If you hold off, you are going to pass a prop firm challenge in the end.

But if you start straight away, you’re almost certainly going to end up losing your money and failing. So my number one tip is do not open a prop firm challenge right now.

#2 – You need a proven and easy to trade strategy.

My number two tip is, of course, you do need a good strategy. And now the strategy needs to be something that’s proven. Proven across different markets, different trading conditions, different time frame charts.

It needs to be something that aligns with you. Whether it’s the time that you can trade, the time of day, the amount of time it requires, does it actually fit with you? Do you understand exactly what the strategy and the logic is? So that’s really important. But also the key to passing a prop firm challenge, once you know what you’re doing, is not to hit the drawdown level.

So you need to be really sure that the strategy and the way that you trade meets their drawdown criteria. So you need to trade with really low risk per trade and have very low drawdowns, and you need consistency in your profitable trades as well. So it’s not just about here’s a wonderful strategy. It needs to be something, you know, if you hit like a 5% drawdown in a day or so because you’re risking too much while you’re going to fail the prop firm challenge, regardless of how good your strategy is.

So you need to really focus on reducing risk per trade and knowing what you’re doing, and when to take the trade and how to keep that risk low.

#3 – Trade your own real money account.

So third thing would be once you have that strategy in place, you need to get on to a live account of your own money. It needs to be your real money, your live account. It doesn’t need to be big, but it needs to be a live account.

And the reason is, is that the psychological change between a demo and the live is huge. Now, it doesn’t need to be a massive account. I said it could be like a few thousand dollars, but it just needs to be real money. You need to bring emotions into your trading. You know, when you have losing trades, you’re going to, you know, it’s going to hurt.

When you have winning trades, you’re going to feel fantastic. So you’ve got to understand those emotions. But also you’ve got to try and control those emotions so that those drawdowns and those losing trades and those highs from the winning trades become almost neutralized. And I wouldn’t suggest you go to a demo because a demo doesn’t mean anything and demo doesn’t teach you the psychological side of making or losing real money, your money.

So tip number three get on to a live account. You then need to also prove that with your live account, you can become consistent. Now you also need to keep that drawdown very low and treat it though it’s a bigger account as well. So show up, be consistent, keep your drawdowns very, very low. And so prove to yourself first on your money that you can trade properly.

#4 – Use a VPS and Trade Copier software.

The fourth thing you should then do is seek out a virtual server and trade copier software. Now, the reason I say that is because it then makes trading one account or multiple prop firm accounts, whether they be on the demo stage or a live account, different account sizes, different denominations. It makes it very, very easy. Now you think about this in terms of the reality of trading.

You’re out there trading your, let’s say, 2, 3, 4 or $5000 account live and you’re saying, well, I’m doing okay. I’ve passed Andrew’s tip number three and it’s all good. The trouble is, if you then start on a $100,000 demo or $100,000 live account with a prop firm, that’s a massive change in your mental approach.

So you don’t want to be trading directly on that prop firm account. What I suggest you do is you trade your life master account still, and you have those trades copied behind the scenes automatically onto your prop firm account or prop firm accounts. You know, just imagine you’ve got five prop firm accounts open. You don’t want to be trading every single one of them individually, placing trades, calculating risk lot sizes, entering stops, moving positions, all that type of thing.

You don’t want to do that. Trade your one small live account properly, knowing that behind the scenes it’s getting copied through a trade copier software and a virtual server onto your prop firm account or accounts. Behind the scenes makes life so much easier.

#5 – Choose the prop firm account type that suits you.

And then finally, my fifth top tip, once you’ve done all those and you’ve mastered stage one before, is you do then of course go on to a prop firm account.

Now, there are various prop firm accounts out there. And like all things in life, some are better than the worse than others. Some will allow you to go on to one demo and then straight onto live once you pass the demo, some have two stage challenges, some allow you to go straight to live. You really need to figure out what is best for you in terms of the account size, how many accounts you’re going to go through, which prop firms you’re going to go through, etc. like that.

I can certainly give you some ideas and suggestions, but really, once you know how to trade, you then need to decide which prop firm account and company you are willing to go with.

So those are my five top tips there. And you do all that and you can then start to easy pass prop firm accounts, quite comfortably, like we have so many of our clients doing on a regular basis.

Blueberry Markets as a Forex Broker.

If you’re out there looking for a good broker, I can highly recommend Blueberry Markets. They have a they also have their own prop firm company as well, Blueberry Funded. But have a look at Blueberry Markets throughout there looking for a good broker.

Our new look website is now live at www.TheForexTradingCoach.com

And lastly, have a look at our new website, TheForexTradingCoach.com. Our new look website has now gone live. Hope you like the changes and improvements with modernized everything made it a little bit more, sort of, cool looking, you know, it’s more efficient, more information on there, easier to navigate and just a little bit sort of modernized. It kind of needed it. And now it’s had that facelift. So, hopefully you like that.

And, if you’d like to join us, of course, you’ll find the joining link on that website. And joining us and learning how to trade properly first is also going to be your shortcut to passing a prop firm challenge, because we have so many people that trade prop firm successfully, because of the way that we do trade and our strategy and the support that we have and the help and longevity and proven strategy across multiple markets and, and such a long time within the markets, you know, we celebrate our 17th birthday, this year in May 2026, in a few months time.

So that’s it for now. Prop firms are a great way. They’re a great option of making money. But, honestly, look at point number one, the best thing you can do to start with if you don’t have the other points sorted, is do not open that prop firm account just for now. Get points two, three and four sorted and then go to the live account or the demo account with a prop firm.

This is Andrew Mitchem here at The Forex Trading Coach. I see you this time next week. Bye for now!

Episode Title: #628: Before You Buy a Prop Firm Account, Watch This

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#627: Why Most Traders Are Completely Confused

Mar 16, 2026

Why Most Traders Are Completely Confused

Podcast:

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627: Why Most Traders Are Completely Confused

In this video:
00:38 – Information overload.
01:29 – AI predications.
01:53 – I know in my head how to trade.
02:47 – News events moving the markets.
03:46 – People switching strategy.
04:54 – Our strategy has never changed in 17 years.
07:39 – Blueberry Markets as a Forex Broker.

Do you suffer from information overload? You know, you see signals out there online. You’re not sure what to do. There’s so much information, conflicting information. And you just have complete confusion. You don’t know what to do, when to do it, and therefore you probably either gamble or give up. If that’s you, listen up. The next five minutes is going to be absolutely invaluable information that’s going to help change your trading around. Let’s get into that more right now.

Hey there traders. It’s Andrew here at The Forex Trading Coach with video and podcast number 627.

Information overload.

So today I want to talk about information overload. It’s a big problem that people have. You know there’s so much information out there online. There’s thousands and thousands of indicators. And people seem to think they’re going to come up with the Holy grail of indicators.

You know, there’s massive amount of conflicting information with social media signals. And, you know, there’s, other social media, signals saying buy on this pair and at the same time, you’re indicators turning down and therefore you think you should be selling, you’ll see something on YouTube that says buy. You see something on TikTok that says sell and you’ll get something on signal or, you know, telegram that says completely opposite and people just have no idea what to do.

And you can see why, because they rely on other people to make that analysis for them, and therefore they really don’t know what they’re looking for.

AI predications.

And, you know, the, the other common one that I’m seeing now, of course, is AI predictions. And that, again, you know, while in theory and great AI is going to solve all our problems.

Look, AI is going to make us damn lazy. We’re not going to have a clue what to do. And if you want to rely on AI, then you know, good luck to you. That’s all I can say for me. And I had this discussion with someone just last week.

I know in my head how to trade.

To me, as a trader, there is nothing better than knowing in my head and in my heart I can see trades, I can take trades. And I’ve got that information and that powerful information, to be able to do this. You know, for the rest of my life, I want to or however long I want to, and pass that information on to people. And, you know, for people that want to put a bit of time and effort in to figure out this for themselves, then, you know, I think just being able to do this for yourself is massive, and A.I. it’s just not going to cut it.

I can’t see it. It’s just not going to have those nuances of those human factors that, you know, we have and can see.

Now, sure, I’m not knocking it. And sure there of course there will be a place for it. And, you know, it can help do some analysis in the future and potentially take trades when you’re asleep or those type of things. But overall, I think you still need some common sense and knowledge of trading in order to even use A.I.,

News events moving the markets.

News as well. Of course, that’s causing massive issues with people right now. You know, we’ve got the Iran war going on with the oil price going up one day, crashing the next day up again. And and people think it’s, you know, it’s causing problems.

And I get a lot of people say to me, hey, Andrew, what’s happening right now with your trading due to this? You know, this war? And I said, well, nothing’s changed. You know, markets are moving up and down because mostly in the currencies we’re trading pairs. You know, if, let’s say the US is particularly strong, then you might, you know, be buying the GBP/USD, selling the GBP/USD if the US is weak, you might be selling it. You know, it just depends on what’s happening. On that particular day.

We, over the last week or two have just had some incredible trades, mostly sort of 12 hour time frames down to two hours. The longer time frames have just been a little bit harder to trade, but that’s just the way the market is right now.

But again, it’s understanding what to do and knowing what to do and see a trade take a trade is the crucial aspect there.

People switching strategy.

So look analysis paralysis causes a problem. It just leads to people to switching strategies. You know, they don’t get a strategy or it’s not working straight away. So they move on to the next shiny object.

And that’s a common problem that I see all the time. And of course, what’s that doing? Is it leading to inconsistent trading, lack of confidence, lack of making a decent return. You know, you’re losing money and you know, you your spouse says to you, look, you just wasting our money and it’s just not working. Go and do something else.

And and that’s the problem that I see time and time and time again. It’s just such a common problem. And I get it. Well, it’s because people don’t, stop to actually, like, invest in themselves. Through their education or their time into trading, learning properly themselves, developing their own strategy, whatever it might be. And it’s like anything life isn’t that, you know, if you’re going to put some time and effort into it, you’ll probably do quite well if you think you’re just going to wing it and, and fluke it or, you know, find the answer on, you know, on social media, it’s probably not going to be a good long term outcome for you.

Our strategy has never changed in 17 years.

Why I’m saying that. Well, look, we’re 17 years old here at The Forex Trading Coach. In a couple of months, it’s something we’re immensely proud of. And I just wanted to let you know that in that time, the strategy has never changed. And so when I talk about all these issues of the analysis paralysis, you know, whether it be a war going on, A.I. whatever it might be, and that leads to confusion and conflicting information.

And clients don’t have that. You know, we have a massive community of people right around the world in 111 countries, all looking at the same strategy, the same charts at the same time, or helping each other. We post, trades each day, for our clients to follow our multiple time frame charts and so if a client has a question, we answer it and they know exactly.

You know what, we know what they’re looking at, and they know what we’re looking at because it’s the one strategy. But when you think about it, how many people out there, can you say that you can find anywhere online? I challenge you to have a look anywhere online that can say, the course that I’m teaching is identical in terms of the strategy, for close on 17 years.

That to me says everything it tells me. And it should tell you that what we’re looking for, our strategy is completely, well and truly proven across all markets, timeframes, trading conditions, wars, oil prices going up, oil prices come down, the creation of cryptos, the ability to trade metals and indices, commodities and more forex pairs and it still continues to work.

So, I think that really sums up everything you need to know if you’re out there looking for someone to give you some help. Because why would you look anywhere else? Everything that we have, created over those 17 years is there to help our clients, trade easily, to have an understanding of what to do.

Sure to use our help, especially at the very beginning when the learning, but over time to become independent, successful forex traders without our help. We’re not interested in having people year after year after year, you know, being handheld that’s not our aim, our aim is to say this is a strategy. It works. Stick with it, understand it, ask questions, use our help.

And after a year, you know, six months a year, you’re off doing your own thing and really, you know, progressing well, profiting potentially on prop firms, however you want to go with your trading and, and you, you know, you’re a happy customer. So, that’s it for today. Don’t get confused. Don’t seek out something that works. Get off. You know, the vast majority of the social media and the A.I. and the signals, learn how to do it for yourself if you really want to become a good trader.

Blueberry Markets as a Forex Broker.

One last thing. If you’re out there looking for a really good broker, I can highly recommend Blueberry Markets over in Australia. They’re, you know, they’re great people.

So many, people who. I’ve sent them over to them over the years, and all you get is this consistent feedback. You know, great people, great platform, great spreads, withdrawing funds. It’s just really easy. I withdraw some funds from an account, just on Friday of last week. By Monday, it was in my account, here in New Zealand from Australia.

So great people. Have a look at Blueberry Markets as well. This is Andrew here, The Forex Trading Coach I see this time next week. Bye for now.

Episode Title: #627: Why Most Traders Are Completely Confused

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#626: The Psychology Hack Every Trader Needs

Mar 9, 2026

The Psychology Hack Every Trader Needs

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YouTube: Dr. David Bonanno

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626: The Psychology Hack Every Trader Needs

In this video:
00:17 – Talking about mindset in trading.
00:54 – Dr David Bonanno helps traders.
08:02 – Traders issues with over trading and thinking money!
13:24 – Don’t reinvent the wheel.
16:30 – You don’t need a 90% win rate.
21:40 – You have to love the concept of trading.
25:55 – Traditional forum sites don’t work.
27:50 – Be real with your trading.
30:25 – Contacting Dr Dave.

Andrew Mitchem
Hi everybody. It’s Andrew here at The Forex Trading Coach. Welcome along to another video and podcast. I’m really pleased today to be joined by Dr. Dave Bonanno over in the US. Dave, welcome along. Nice to have you here.

Dr. Dave Bonanno
Thanks. Yeah. Great to be here.

Talking about mindset in trading.

Andrew Mitchem
Really looking forward to this because quite often in trading we talk about strategy and rules, talking about indicators and charts and things like that. But today we want to bring it back to something that applies to everybody. No matter what type of trading you are, whether your fundamental trade, a technical trade or a mix. And it’s really important that you start to understand, your mindset within trading.

And that’s why, Dr. Dave here today is here. And how he’s going to help you and all of us listening and watching with the mental aspect of trading. So, Dr. Dave, maybe you can start about introducing yourself, what you do and how you help traders at that.

Dr David Bonanno helps traders.

Dr. Dave Bonanno
Okay, great. Yeah. So I started off, as a therapist who is really trying to help people with problems, especially PTSD. And most people don’t really know what PTSD is like. If you look it up, there’s no definition. It’s just a list of symptoms. So the way that I define it now is that it’s when you have adrenaline and it just is overactive.

And the thing to know is that when you have adrenaline, it makes your logical brain go offline. So I maintain that adrenaline is every trader’s enemy, and it doesn’t mean that you’re in full fight or flight, or that you’re afraid or that you’re angry. It can affect us in a lot of ways that we’re not even really aware of.

And so if you like, read other mindset books or listen to other people who talk about the psychology of trading, they talk about changing your thoughts. But what I’m really all about is how to, engage with your subconscious in a way so that it doesn’t contaminate what you’re doing on a moment by moment basis.

Andrew Mitchem
Interesting. So you’re taking a slightly different approach to it. So on a like just to get it on the beginning, but to give her some right at the beginning on, on a, on a like a practical basis, someone’s out, they’re trying to identify a trade setup or they’re in a trade maybe. What do you do that could help them with those scenarios?

Right. So I had this trader named Tony, and he was really successful in his career, and he wanted to gear up for retirement. And he he was a very logical guy and he could understand intellectually probabilities and all that. But when money was on the line, especially when he was trying to scale or even when he was trying to, take payouts from the prop firms, he would find himself just not quite making the right decisions.

So of course, he looked at his strategy and and his, you know, technical skills. But I think what he didn’t realize at the time was sometimes adrenaline would get in the way. And and so that could be like if he was putting pressure on himself to provide a financial security for him and his family, or if he couldn’t really accept losses all that well, and I’m not even talking about like, yeah, I’m not talking about like throwing a tantrum or anything, but like, his wife would notice that he wasn’t in a very good mood after he had a red day.

And so, yeah, we we needed to look at what was going on for him subconsciously. And, you know, we all could try to think like, well, you know, I’m pretty much in control of my emotions or I didn’t really notice, you know, what was happening for me in the moment. But we’re talking about subconscious stuff. And by definition that’s what we’re not aware of.

Andrew Mitchem
Yeah.

Dr. Dave Bonanno
So yeah. Yeah. So, yeah, one of the things I do first is I help people to identify, what exactly is going on for them. And it doesn’t mean, you know, that we have to go back to the past and blame your parents for everything. Like I was taught to do as a therapist. But we use, eye movements, which is, like EMDR if if people don’t know what that is, it’s the most researched, intervention for PTSD that there ever was.

And I’m sure you probably even know people who’ve done it. So anyway, that kind of allows us to interface with your emotional brain. So, like, we have two brain systems that are at play at the same time. It’s kind of like two TV shows that are superimposed on each other, and you can’t just ignore one of them and sometimes I yeah.

So sometimes our head and our heart is in sync. But a lot of times it isn’t. At least as much as we’d like to think that it is. So yeah, if we can actually like kind of interface with that part of our brain, that’s the part that makes our logical brain go offline. So we still do need that emotional part.

Like it’s sort of like, like, you know, when you’re dreaming, then you wake up and your logical brain think so that was crazy. But that’s really because the logical brain was out of the way. And it’s it’s coming on, you know, with your, emotions. So what I’m getting at is, that when you’re able to move your eyes, that’s what allows you to connect with your heart.

It’s great for journaling because instead of trying to go back and guess at what you were doing subconsciously, it really kind of helps you to get there. And that’s what we did for Tony.

Andrew Mitchem
Interesting. And so his results work improved dramatically after some time.

Dr. Dave Bonanno
Oh, absolutely. Yeah. He’s he’s doing awesome now. He just, showed me a picture of a house he wants to buy in Florida, and, he, he needed to help his parents out. And he, he was putting a lot of pressure on himself that he wasn’t really quite aware of. And that’s going to add adrenaline and, you know, like.

Yeah. So like if he if you look at advice from other trading coaches or mindset coaches, they’re like, okay, well you have to control your emotions and you have to use your willpower in order to kind of, push them aside and focus on what you need to. Yeah. And that that can work sometimes, but it doesn’t work all the time.

And if you’re telling somebody who’s full of adrenaline that they need to calm down, that’s kind of like telling somebody who’s full of alcohol that they need to be sober. Like it just. Yeah, yeah, yeah. It’s yeah, yeah, I know I’ve tried. But, Yeah. So I think instead of trying to use your willpower and then blaming yourself when you, when it doesn’t really work, and then people start to go into a cycle.

Right. Like they start to doubt themselves and they start to think, well, maybe I’m a weak person or whatever. And really, I think they’re just kind of setting themselves up for failure by expanding, their body and their mind to react in ways that it’s not set up for it. Because once again, like when you’re in fight or flight, you’re but your brain is designed to go offline, like, you know, if you’re if you’re in the forest and you see a bear or something, you’re not supposed to be going through all the, pros and cons of the opposite, like you need to be running away or fighting.

It would. Yeah. That’s right. Yeah. So that’s just how we’re built. So. So when we’re training and there’s like, you know, people can follow their rules, fine. If there’s not too much pressure. But when you’re scaling up or when you’re trying to, make this one being trained, you know, that’s going to really help you out. Or if you’re trying to get like a good feeling, like if you’re if you’re a little bit maybe addicted to training, you’re doing it to feel good, then it’s going to backfire.

And then the harder you try, the more you’re feeding energy into that negative cycle.

Traders issues with over trading and thinking money!

Andrew Mitchem
Yeah, that’s really interesting. I get a lot of people over the years that come to me and they have this exact issue, and a lot of people, unfortunately, when they get into trading, they they have this mindset. And like I did exactly the same over 20 years ago, you get into it, it’s new, it’s exciting. You think you’re going to make lots of money.

Then you start looking at charts and lines and dots and arrows and indicators and you think, wow, this is awesome. I’m good. Look at this. Crosses this. I’m going to buy here, make a fortune. And then you soon realize it doesn’t work. And you then or the other issue I noticed that a lot of people have is they overtrain so much, you know, they want to go down to the very short timeframe charts because they believe the more they trade, their more they’re going to make.

And they’re and you used the word just now about being addicted, whether it was alcohol or addicted to things. And I find that so many people have that, that they’re trigger happy. You know, they go to click, click, click, click, click trace and and of course, inevitably it will end up, losing for them. And then their whole mindset starts, that whole self-doubt and, and all they get to that stage where they’ll go.

I’ve had so many losing track. This one’s band win and they do something stupid on it all. They they see the best set up that they’ve had all day, and they don’t take it because they’re scared, because they’ve lost so many other traits. There’s all these mix of emotions going on and it results in not being a good trader.

Dr. Dave Bonanno
Yeah, that’s that’s great. That’s that’s totally what I come across as well. And you know, like when I made the transition to working with traders, it was great because it’s it’s there’s just so much psychology there. Yeah. And and yeah like I think sometimes you know people don’t really want to admit that because they don’t want to be thinking of themselves as like, you know, crazy or whatever.

But if you’re like, for example, an athlete who wants to be in the very top of your game, of course you have to work on the physical, but you have to work on the mental as well. That’s right. And so, yeah, if you want to be a trader who’s in the top 5%, who makes money, there’s just no way around it. I mean, nobody’s so good technically that they’re going to be able to cover their emotional mistakes, right? I mean, it’s just like you can’t. So. Yeah.

I think, you know, one thing that’s really interesting to me is how the research shows that happy people in general have a less accurate picture of the world than people who are depressed.

And the reason I bring that up is because I think we all like to believe that we know what we’re doing and when when somebody is in a situation like you’re talking about, when they get trigger happy, their logical brain is compromised and it’s making it’s making rationales for why they should do it again. Right. Like, oh, well, this it’s it’s got to work out this time.

Or like, you know, the gambler’s fallacy or you know, like, like maybe I this time I’m thinking about it correctly or not, or, you know, all the types of things that people tell themselves. And it’s, you know, I think one thing that really happens is when you feel bad about something and, you know, like, it can happen to all of us.

Like you could make the perfect decision, but the market just doesn’t go your way. You’ll never know exactly why that was, but because we want to feel in charge, we take on that responsibility and think, well, I did something wrong. And then you can either show restraint and hold back or I think, like most of us, maybe even us men, we want to do something.

We want to fix it. Right? So like, it feels so much more powerful to actually be active than to use restraint and just wait for your perfect setup. So I mean, I see this all the time, and yeah, it can be such a slippery slope that when you, if you get, angry or frustrated or anxious or afraid, you’re adding adrenaline to the whole equation, which is going to make you do worse, which is going to just increase your adrenaline as well.

And this doesn’t have to happen in just the course of one session. Like I recently talked to a guy who lost $700,000 over the course of three months, and he he just wasn’t fully aware of what was going on for him subconsciously. Yeah. So it’s just that it’s a really hard thing to do. I mean, you know, you could go to therapy and talk about your subconscious all day, but you’re still doing that consciously and it doesn’t really work.

But, what I do is I try to be really quick and effective and use these eye movements, and then we just clear things up right away. So like, that’s kind of what happened with Tony as well. So. So I would imagine, Andrew, that you must get frustrated. I would think sometimes when you’re giving people solid advice that they should follow, they know they should follow it, and then they come back to you and they’re like, I just I just didn’t I just couldn’t, right?

Like, what do people even say?

Don’t reinvent the wheel.

Andrew Mitchem
Yeah, yeah. No, you’re absolutely right. It it is frustrating because people seem to always want to reinvent the wheel. And it’s like you don’t need to. That’s why you joined us. We have the way it works, I can promise you. Yeah. And it comes along from, I think social media right now is a is a big negative for everything that we have to almost put up with us as people who like to help or coaches.

Because they’re out there seeing the flash, Lamborghinis and Ferraris and all the rest of it, and they think that’s how it has to be. I actually say to people, the the honest truth is good trading is boring. And I mean that in a really good and honest way, and that you need to be doing the same thing on a daily basis.

And as we’re finding out from our chat, you know, to remove the emotions as much as possible, stick to the principle of what you’re saying. One thing that I am massive on from a practical trading point of view. Well, two things. One, we keep our risk very low and controlled on every single trade. I think that helps massively.

You don’t get those huge fluctuations of emotions of those those big wins or those big losses. So I hope, right. It doesn’t matter what the market we’re trading, whether it’s a forex or non forex or it doesn’t matter the time frame or directional stop loss. Every trade has the same low and equal risk. So on the next.

Dr. Dave Bonanno
I’m sorry I don’t I won’t put words in your mouth. But do you find that people agree with you 100% on that intellectually? And then when they just they’re like, oh, but this, this one looks so good. And then they risk more than they should.

Andrew Mitchem
And no, they don’t agree. That’s the problem. To start with. They think a lot of people don’t that it becomes, well, some do and some don’t. The ones that don’t, go off and do their own, you know, risk or no risk or stupid risk. And then almost everyone will then come back and go, oh, I realized that what you told me, like, you know, three months ago or six months ago, I should have done.

And that’s there almost need to find that that moment for themselves and figure it out for themselves, just like I told you. But I can’t say I told you so, because that doesn’t help right now. But, you know, you can feed all this information to people, and, and some people will still go off and break those rules and do their thing, but the good ones are.

Geez, circle back and come back and go, like I, I went off and found some other course and some other strategy. I realized that was rubbish. I realized what I got from you a year ago is really good. And now I’m back doing it and I want to start again. That happens quite a bit. The other thing that I think that helps with the way that we trade is not only is our risk allowing control portray, but our reward is high on our trades.

So our profitable trade so that we we kind of step, we have little losses, bigger step, little losses, bigger step. And we we, you know everybody shows this perfect equity. We don’t have that. We have a little low controlled losses. Big two, three four times the risk on a profitable trade.

You don’t need a 90% win rate.

And the slight issue that some people have with that is that some people want to see that 90% win rate.

Andrew Mitchem
A lot of people often get caught up with the win rate. And I give them the classic example of a true example. Many years ago, someone had a like a they showed me like a 90% winning system that they had, but they were still losing money because they did not have the the money management. Correct. Right. You know, as a very basic example, let’s say they were let’s say making ten pips on a trade and they made nine trades profitable with ten pips each.

So they made 90. But that one losing trade lost 100 pips. So you know, a very basic example. But they they were basically the guy asking a 90% win. Right. Aren’t I good. But I’m losing money.

Dr. Dave Bonanno
Right. Yeah. And I bet that was kind of attractive to them because you get that positive reinforcement. I mean, like if you’re. Yeah, if you’re winning nine times out of ten, it feels great. And then of.

Andrew Mitchem
Course you I’m not losing that one damn trader. I’ve lost money. So there’s all these different like, approaches that people have. And that’s I suppose, the exciting thing, from trading, isn’t it, that there’s no one approach that fits everybody.

Dr. Dave Bonanno
Right. And, you know, I mean, like to, to talk about, what you experience with your clients sometimes when they come back to you and they say, oh, I finally learned my lesson, you know, like, I mean, I have kids and try to tell what to do in the course. They don’t want to hear it. And then I have to just really.

Yeah. Just want to make mistakes and hopefully they’ll they’ll make enough mistakes while they’re young and and the, the stakes are still low before they go out to the world. Yeah. Then do stupid shit.

Andrew Mitchem
That’s right. Yeah. And I suspect that you and me exactly the same. When we were kids.

Dr. Dave Bonanno
Yeah. Well, actually. Yeah. Geez. Yeah, yeah, I knew everything when I was kid. Yeah.

Andrew Mitchem
No, it’s interesting that the how, the how the cycle keeps pace going. What question I wanted to ask you, and this is something I’m personally starting to just change my opinion on, is that I always used to say to people, start on a demo account, make the mistakes on the demo account of the platform and the lot sizes, etc. then go to a smaller live account and go bigger when you’re profitable.

I’m almost starting to say to people now, don’t spend so much time on demo. Sure, use the demo to understand how a new trading platform, the software works. But I’m finding now that people that go on to a small live account are feeling those emotions like more realistic that you can never get on a demo, how would you kind of approach that?

Dr. Dave Bonanno
Yeah, it’s not interesting. You could try as hard as you can to recreate a situation like that for yourself, and it’s just not the same. It’s it’s really like professional athletes, you know, they practice, but you you can only practice so much until the game is on the line. And, you know, I think one thing that really happens is that we get into a flow state.

So when things are the way they’re supposed to be, it’s kind of like you’re really focused on the charts, you’re really focused on what you’re doing. And then it’s like, oh my God, it’s the session’s almost over. You need to be using your intuition. But if and if you’re overthinking too much, you know, that’s certainly not going to work.

But if you’re if you’re also like distracted by your emotions or by, you know, thinking about, oh, what is this going to mean if like if, if, if you win this trade, you know, like I don’t know how much of a sports fan you are, but I can’t stand, sports interviews because they’ll be like, you know, what were you thinking at this point when it happened?

And the guys like, I don’t know, I’ll just see the ball hit the ball. I mean, you know, like, that’s really all there is. Yeah.

Andrew Mitchem
Now that’s.

Dr. Dave Bonanno
So. Yeah. And. Yeah. And then you know what? I like how you said that trading should kind of be boring. And, you know there’s there’s intrinsic versus extrinsic motivation. So extrinsic motivation is you’re doing something for the reward. And of course you know that’s part of it. Intrinsic motivation is just because you like it. So like if it yeah like if, if you just like trading then that’s great.

And if you’re if you’re caught up in the extrinsic, it’s actually not only going to add to your adrenaline, but it replaces the intrinsic motivation. So if I could just give you a quick, quick example, like they had children read over the summer, they tracked how much they did. Then the next summer they paid them to read.

So of course you’d think they’d read so much more. But what happened was it became a job for them and that that just took all the fun out of it. So yeah, if you’re too focused on why and why you’re doing this other than just because I like it, I get into a flow state, then I think that’s just, you know, going to mess you up eventually.

You have to love the concept of trading.

Andrew Mitchem
Yeah. That’s interesting because, yeah. No, that’s a great point. I say to people like because of the time zone that I live in here in New Zealand, that the, the forex market opens on a Monday morning for me. It’s your Sunday afternoon in the US and I say to people, I love Monday mornings, you know because most people will have that alarm going.

I say It’s Monday. I’ve got this right. Yeah, I’d love it because, you know, up until cryptos came around, we could not trade at the weekends. You know, you just. The forex market shuts at New York 5 p.m. on a Friday and open on the Sunday at 5 p.m.. And, yes, I just say to people I love Mondays. I absolutely can’t wait for Monday morning to come and start trading it. And you’re exactly right.

Because unfortunately, again, and it kind of comes back to that social media issue again, is that so many people who are not trading, they discover trading and they see it as their kind of like their ticket out of their life’s financial problems. And and I get that conversation on a phone or an email, you know, with people, non clients, you know, far too often.

And, and I say to them look it’s not your, your golden ticket out of financial problems. It’s not going to replace your job like in a six months. Don’t think of it like that. You have to want to have that enjoyment of looking at the charts or reading the news, whichever type of trader you are, and actually doing it.

And like challenging yourself, to do well and to figure out what’s happening in the world and all these different facts, you’ve got to actually really get excited by that. If you like that, then you will keep doing it and you’ll be disciplined, and then the money will follow. But don’t just jump straight into it. Expecting to become a multi-millionaire with the thousand dollar account, right?

Dr. Dave Bonanno
Yeah. I mean, because the fear, like I think people are as happy as their expectations are in relationships or in activities that they’re doing. And yeah, if you’re expecting too much, it’s going to take away so much of your energy and motivation and and to talk to what you had said, like if you just if you like training, then it’s going to that’s what’s going to center you.

Right. Because you can’t be up and down with with your emotions and how you feel. And you really have to get into like just the the nuts and bolts of this is the setup and this is my thought process or, you know, the, my intuition and, that’s that’s something I had to learn as a therapist. Like I don’t or as a coach, really, I don’t coach so that I could make people money.

I coach because when I get a new client, I’m curious, like, oh, right, what what set of it have problems or issues are coming in to my door and what can we do about it? I don’t wake up like, oh, I’m going to save this person. It’s just more like and then, you know, if the outcome doesn’t go my way, I don’t have to get too upset about it.

I mean, of course I care, but yeah, if you’re if you’re a trader and you could ground yourself and remind yourself why you’re doing this and and then also, I think this is a really fine point that people sometimes don’t understand. If you’re trading to feel good, then that’s going to mess you up to like you need to trade because you like it on a deep level and you want to make money.

You don’t do it because you know, your wife left you and your dog died, and I just want to get a hit of dopamine. Like, that’s not going to work out, right?

Andrew Mitchem
Yeah. Yeah. Exactly. Right. And another thing, I think it’d be really interesting to hear your thoughts on is one thing I pride ourselves on is not only do we just have one strategy, but we have a massive community and we’re all trading that one strategy. When I started out, it was in, I’m talking 20 plus years ago now.

It was in the early days of a couple of trading forums, and you used to go on to these forums because, you know, trading is a lonely business, you know, otherwise, you know, no one understands what you’re doing. Even today and back then don’t forget, that was the dial up internet days. And and the. Yeah, right.

Traditional forum sites don’t work.

Andrew Mitchem
I quite often have to get a connection. Yeah. But, you know, I used to go on to a four on the forum sites and then you’d find a thread, someone created this strategy, and then every time someone would come in and go, I think it should add this indicator, and, and it just blew out into a complete argument and mess.

And I realized that when I started the coaching, I didn’t want that situation happening because it frustrated me when I was learning. So one of the things I’m really proud of is our community that we have on our forum site and webinars that we hold everybody, no matter what stage of the like, the journey they’re on. They’re all out there trading the one system, but they’re all out there helping each other.

And I find that having that back up, to follow someone, to watch someone to ask someone is such an underestimated part of a trade, a success.

Dr. Dave Bonanno
Yeah, that’s great. And you’re right, it is such a lonely job. I mean, you’re looking at screens and. Yeah. How is your how’s your spouse supposed to understand really what you’re going through? And of course, they’ll probably get sick of you talking about it too.

But, Yeah. Isn’t that such a great feeling is to be able to help each other? And I trust that your people are good at sharing their losses. Right? Because I think, you know, whatever you focus on, you magnify. And if you want clicks, like if you’re an influencer, you want clicks, you’re going to be selling the dream.

And it’s really like, I’m sorry to be crude, but it’s kind of like you can go on social media and you just see these people masturbating and and you think like, well, why can’t I do that? And they seem relatable. They’re real people. It’s not like they’re on TV and they’re celebrities. Like it’s real people. And then they only say, you can do what I did if you buy my stuff.

But, I hope that in your community, in your forums, like, people are real with each other, right?

Be real with your trading.

Andrew Mitchem
Absolutely. There’s everything on that. And we, you know, just before we started, I just posted two winning trades on the losing trades that happened overnight. And we post all of our trades profitable and not because you can still learn from those. We’re not out there looking like, look at me. All these beautiful profitable trades, all post trades that lose.

And you know all we’re going back to is that same thing is that our losses were controlled. But the the setup that we took at the time looked very good. Otherwise we wouldn’t have taken it. And the market, something happened. It didn’t go in our favor. Okay. That’s a shame. We don’t like that. But it’s the way it is.

But our loss is controlled and, you know. But then the profitable trades that we have made up for that loss plus more. And so I’m a firm believer and we show everything. And that’s the beauty of posting trades like on a daily basis for people right around the world to look at and follow. And also it teaches them the, the I suppose the discipline of these people who have done this for years and years still have losing trades.

And that’s fine to have providing we, you know, you look back and and get you full. You shouldn’t have taken that because of A, B and C, and that’s a lesson. But you know, hopefully we don’t do that very often. But the market sometimes will do what the market wants to do. You can have an A grade setup and it doesn’t work.

But and that’s part of the lesson the discipline, the journey.

Dr. Dave Bonanno
Right. And and it’s really hard I think for a lot of people to be comfortable with not knowing something. So yeah, if if the outcome isn’t what you wanted, it could have been one of a million things. And you can never really. Right. So I mean, of course you’re going to gauge, your outcomes and you’re going to journal and what went right and what went wrong.

But it’s every single time you’re really just inferring the probability of what happened. And you don’t have that real solid ground to, to feel comfortable on. Right. Like you’re just always kind of guessing to some degree. And you have to be okay with that. And I think it is really, really helpful to have other people remind you of that because, yeah, we could tell ourselves all day, oh, I’m going to have losses.

And you know, I’m not perfect person or whatever, but if you actually have somebody else remind you of that, like, dude, you’re you’re still damn good. You’re still like, you know, the shot good person. Then I think that’s yeah, crucial. It is you. So that’s really cool.

Contacting Dr Dave.

Andrew Mitchem
Absolutely. So, Dr. Dave. How can someone find you? And what are they going to like? What situation scenario are they going to be in to say, I need this, guys, help?

Dr. Dave Bonanno
Yeah. Great. So I don’t want to sound like anybody has mindset problems, but I do want to underscore how there’s just a lot of things going on that once again, we’re not fully aware of. And it doesn’t mean that there’s anything wrong with you. Anything. So yeah, I’ve worked with a whole bunch of people and some of them had issues in their regular life, and some were really dead end.

As a matter of fact, that’s one thing I like about working with traders as opposed to PTSD, because they say if they say, you know, you are who you associate with. I was like, oh my God, I’ve been associating with the most damaged people in society for decades. But so yeah, I love working with traders. You can you can look me up at WB ww dot max discipline.com or we’ll have links.

I just published a book on Amazon called The Consistently Calm Trader. And people have been having really good feedback for you there. And, if you wouldn’t mind, I’d like to just give one more tip to your audience, which is the best way to handle losses is not to get upset or try harder, or even to try to ignore how you feel about it.

If you can actually be sad. And I know nobody wants to feel sad, but if the market doesn’t go your way today and you can just actually literally feel that like sad about it for even like ten minutes, then you’re you’re not adding any type of adrenaline to the equation and you’re accepting reality as opposed to, well, it shouldn’t happen this way or I should have done this.

That’s not reality. If you’re talking about what should have happened and then because you can accept reality, you can move on and, and really come to a, later with a clean slate. Does that make sense?

Andrew Mitchem
Yeah. It’s a really interesting approach. I like that very simple, but easy to do.

Dr. Dave Bonanno
Yeah. You got to be sad.

Andrew Mitchem
Yeah, well, that’s good because not people don’t tell you those type of things go right.

Dr. Dave Bonanno
Yeah, yeah.

Andrew Mitchem
Hey what I want to hear I yeah, it’s good. That’s a really good approach. I like it because you have to be able to like, you know, the whole phrase of get back on the horse tomorrow, you know, and and if you’re still angry because of yesterday’s losses or the market didn’t do what I thought it should do, and you’re still, like, venting over that?

How on earth can you expect to approach the next trade or the next day with any clarity?

Dr. Dave Bonanno
Yeah. And you can’t just tell yourself, oh, well, I’ll forget it and I’ll be fine. No, it’s just that’s not the way to go. Like you have to address these things. And so, you know, I don’t know how it is in New Zealand, but here in the States, like, I can’t stand how everybody’s trying to live their best life all the time.

And, you know, if you ask somebody how they doing and if they if they don’t say awesome, then you’re like, oh my God. Well what’s wrong? Like what’s wrong with you? You know, like, I mean, I of course, you know, I like about us here in the States that we, we strive we, we have really high expectations. But I think it can really backfire for a lot of people.

And then, yeah, if you’re on social media and you’re seeing all these people with their lambos and their, you know, their houses and stuff, I mean, it’s just going to get you down. So, yeah, if you could be sad, you could accept where you are. What has happened, and then you can get right back on the horse and, go where you need to go.

Andrew Mitchem
Yeah. That’s awesome. Hey, thank you so much today, dogs. I love chatting to you. And I think there’s just been massively beneficial. As you mentioned, we’ll put links to your site on here as well. So anybody can click on that and find out more about what you do. And yeah, thank you for your time. It’s been thoroughly enjoyable and I think it’s been massively helpful for everybody. Thank you very much.

Dr. Dave Bonanno
I was so glad to hear that. Yeah, it was really fun for me too. And thank you.

Andrew Mitchem
Awesome. Thank you.

Episode Title: #626: The Psychology Hack Every Trader Needs

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#625: Stop Watching Charts All Day (This Is Why You’re Losing)

Mar 2, 2026

Stop Watching Charts All Day (This Is Why You’re Losing)

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Book a Call with Andrew or one of his team now

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#625: Stop Watching Charts All Day (This Is Why You’re Losing)

In this video:
00:35 – These things will destroy you as a trader.
01:51 – Mistakes that most traders make during the journey.
02:55 – The perfect chart to trade.
03:46 – Look at 5pm EST for multiple chart opportunities.
05:15 – Don’t burn out.
05:58 – View my Masterclass.
06:30 – Blueberry Markets as a Forex Broker.
07:21 – Contact me for help.

If you’re watching the charts all day. Taking multiple trade today and you’re not consistent, then this video is for you. You see, it’s not always the strategy. It’s not your indicators. It’s not your broker’s fault. It’s a screen addiction. So if that’s you, listen up. I’ve got some really good information to share with you.

Hey there traders! This is Andrew Mitchem here at the Forex Trading Coach with video and podcast number 625.

These things will destroy you as a trader.

And in today’s video I’m going to talk about why trading the shorter time frame charts and screen addiction and over trading will destroy you as a trader. It’s going to destroy you in many ways. It’s going to destroy your confidence. It’s going to destroy your time with your family or whatever else you do with your day.

And it’s a common problem. You see, the issue is that most people think that they need to be trading all the time, and therefore they get onto the shorter timeframe charts, generally one hour or below. Most people that they’re trading say, 15 minute charts, five minute charts or even one minute charts and it’s completely crazy. And it comes about from that, lack of understanding, that lack of mindset of, of well, the people think that they have to trade more to make more money.

And it’s just is not true. All you’re going to do is completely put yourself off trading, tie yourself out emotionally, physically, and you’re just going to end up paying lots of money to your broker because you’re paying lots of entry fees to take trades. You’ll end up doing silly things like revenge trading and, you know, scaling up stupid position lot sizes, etc. and, and just making complete silly mistakes and losses.

Mistakes that most traders make during the journey.

The good thing is, though, is that we’ve all been there, we’ve all done it. We’ve all made those mistakes. And I’ve been trading for over 20 years, and I can tell you I’ve made every mistake there is out there. The good thing is the solution is fairly straightforward. And it’s generally to get on to the longer timeframe charts.

And I would say that something like generally a 4 hour chart or higher, the daily charts, if you’ve been following me for any length of time, have always been my preferred timeframe chart, because it means you just need to look once a day. It doesn’t matter where you live in the world, you can look at your charts.

One today. Very easy to do. It still gives you plenty of trading opportunities. You know, the downside with, say, like the weekly charts or the monthly charts, although they can be very, very good, is that, you know, you only potentially might have an opportunity to trade, say, once a week, obviously once a month. And sometimes there may be nothing on those timeframe charts. And so it becomes a long and wait in between trades.

The perfect chart to trade.

To me, the daily timeframe just offers the perfect mix of everything. It means I can look through so many different charts. I can be very specific. If they say as an example, strength in the British pound, I can then go through and find the best set ups, that are buying the pound against maybe some of the weaker currencies.

And, you know, you can look through the charts once a day and make those very, you know, refined, trading opportunities sort of out there you’re not rushing to do things, especially the way that we trade as well when we’re using limit orders as well. And so I just find that that is such a great opportunity to look through forex pairs, non forex pairs as well.

Because you know, we look through metals and commodities and cryptos indices etc. like that as well as just the daily charts.

Look at 5pm EST for multiple chart opportunities.

And the beauty is, is that if you are looking at your charts on the daily timeframe, you can, go through that exact same timeframe and scale down as well and give yourself opportunities on charts such as like 12 hour charts, 8 hour, 6 hour, etc. and they all change over at the exact same time, which is New York, 5:00 pm.

Now you will notice that the spreads at that time of the day can be quite large, and so don’t take trades until at least 6:00 pm. Don’t place the trades until at least 6 p.m. New York time.

Now, if you’re in, let’s say, Europe, that could be quite late at night for you. That’s fine. Place the trades in your morning.

You don’t have to be up at like, midnight to place those trades. Wait till the morning and you’ll find that most times, especially the way that we trade with limit orders, if you’re, say, taking buy limit orders, first of all, you’re looking for the market to first fall anyway before it fills your buy limit order. Now for you in let’s say Europe, when that’s early hours of your morning, you know, sort of breakfast time.

Let’s say you can place your trades in and very rare occasion, you’re going to find that the trades taken off without first retracing. So almost no time are you going to miss out on those trades if you take them multiple hours later? Likewise, if you leave this side the world, Australia, New Zealand, you say, well, Andrew, I’m at work all day.

I can’t take my trades to 5:06 p.m. at night. That’s absolutely fine. It’s the same time, you know, it’s European morning. Look at taking your trades there.

Don’t burn out.

So that would be my suggestion. Enjoy your trading. You know, this is why, after 20 years, I’m still loving doing what I’m doing. It’s because one, it works, but two, I’m not burned out by just chart watching and trigger happy on the, you know, on the on the mouse and the keyboard all the time.

You place your trades, you know your risk. You know the very worst that you can do per trade because you have control and low risk. You know your profit target, let the market do its thing and enjoy your trading, and you will become far more happier when you’re trading far more profitable, far better as a person because you’re not grumpy, because you had to glue to the charts or the trades are going against you.

You’re not stressed, you’re relaxed, you’re enjoying your trading, you’re thinking sensibly, and the results will be far, far better.

View my Masterclass.

So if you’d like to find out how we do that, I’ll put a link here to our masterclass where you can jump on and, and see what we do.

By the way, in, early March, we’re looking at taking on just a small number of extra clients. We got a lot of people joining us in March, but there are just a few spaces available. I’ll put a link, to joining us as well. There’s just a handful of spaces right now as I’m recording this available for the early March intake. So don’t miss out if you’d like to take your trading to that next level and become a good, profitable trader.

Blueberry Markets as a Forex Broker.

If you are out there looking for a broker, I can highly recommend Blueberry Markets. Their MT5 platform especially just has so many markets on there. As mentioned, forex and non-forex markets and really good tight spreads as well. So I’ll put a link to Blueberry Markets there. If you’re out there looking for a good broker, there’s obviously so many choices of brokers and it can become a bit of a minefield. I’ve dealt with Blueberry for many, many years. Their staff are just incredible. Fund withdrawals at a super fast and spreads and available markets are huge. So spreads are not huge. Spreads are tight, available markets are huge. I just want to get that bit right. Just so I didn’t make any. Yeah. Errors there. Their spreads are really, really good. Lots of markets available. So, have a look at Blueberry Markets as well.

Contact me for help.

Any questions you have any topics you’d like me to discuss? Forex related to help you out? Just drop me an email. Andrew@TheForexTradingCoach.com
I reply to all emails personally as well. I’ll see you this time next week. Bye for now.

Episode Title: #625:Stop Watching Charts All Day (This Is Why You’re Losing)

Find out more about Blueberry Markets – Click Here

Find out more about my Online Video Forex Course

Book a Call with Andrew or one of his team now

Click Here to Attend my Free Masterclass

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#624: The Smarter Way To Pick Winning Stocks

Feb 23, 2026

The Smarter Way To Pick Winning Stocks

Podcast:

Podcast: Play in new window | Download

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Find out more about my Online Video Forex Course

Book a Call with Andrew or one of his team now

Click Here to Attend my Free Masterclass

Checkout the Tykr Platform here.

#624: The Smarter Way To Pick Winning Stocks

In this video:
00:14 – Sean Tepper – found of TYKR
04:55 – How does this software help?
08:50 – TFTC also helps create successful traders
12:25 – Is social media helpful?
16:20 – Multiple brokers or one?
22:18 – TFTC creating a trading bot program
28:16 – 60,000 stocks analyzed
32:45 – Contact Sean

Andrew Mitchem
Hello, everybody. It’s Andrew Mitchem here at The Forex Trading Coach. And today I’m really pleased to be joined by Sean Tepper, who’s the founder and the CEO of Tykr. Welcome along. Sean.

Sean Tepper
Andrew. Good to be here.

Andrew Mitchem
Awesome to have you. Sean, could you introduce yourselves to everybody and let us know who you are and what you do and what we’re going to talk about?

Sean Tepper – found of TYKR

Sean Tepper
Sure. Yeah. My name is Sean Tepper. I’m the founder of TYKR, as Andrew said. And long story short, TYKRs a platform that helps people buy and sell stocks with confidence prior to that. My background is about 20 years in tech, 15 years investing, and I kind of created TYKR as a solution to a frustration in the markets.

Sean Tepper
And we could dive into what that frustration is, if you’d like. Yeah. But yeah, I had to create a solution because it was very hard to make decisions when I first got started. And that’s where really TYKR came from. And, but yeah, fast forward to today. We’ve got a little over, 13,000 customers in about 50 countries, including where you’re based.

Sean Tepper
New Zealand.

Andrew Mitchem
Oh that’s good. Yeah. So you had 50 countries. That’s a that’s an awesome effort. And, and Sean, I was reading about, you know, you started, on your website says, in, you know, 2011 to 2015, you were trying to figure out what wasn’t there to help you. What did you find back then? Was the biggest frustration that led to TYKR happening?

Sean Tepper
Yeah. So when I first got started, you know, I think I joined E-Trade. And, you know, there’s so many brokers these days, it’s hard to keep track of. But as soon as I joined, I had no idea what to do next. So I started going on YouTube researching where do you go to invest? Like looking up different investing platforms?

Sean Tepper
I found a few of our competitors, like Seeking Alpha and Motley Fool, and they do a fine job, but it’s still very difficult to truly know the difference between a strong stock and a weak stock is is very frustrating. And for context, my background is in tech, but to go, layer deeper, it’s actually in process engineering.

Sean Tepper
Like I’ve worked a lot for GE and Koehler. And the rule is in process engineering, if you have 100 data points, you cannot present that to a customer or an executive. You have to roll it up to ideally a binary decision like yes or no or a traffic light. And I was complaining at that time, like, am I the only one complaining about the fact that there’s no process engineering lens layered over investing like, this is insane.

Sean Tepper
Like nobody’s making it easy. And that was kind of the green light I was thinking of, like, hey, if I could figure something out here, I think the big solution is a create a process engineering solution in the world of finance and apparently I’m the only one really doing that today, other than the few platforms that say buy or sell.

Sean Tepper
But I don’t really recommend that. But yeah, that was that was the beginning. And it took about a year to build this Excel sheets. And I give you context here, I found a lot of inspiration from Phil Towne. He wrote a few books on value investing. Do you know Phil Towne?

Andrew Mitchem
No, I don’t know. No. Okay.

Sean Tepper
Your your audience may be interested. He wrote a book. One of them is rule one. The other one is payback time. I really provided some. Yeah, yeah. You know, rule one investing, Warren Buffett. We can talk about that. But, yeah, I, I found some of the calculus in his books, put it into Excel, and I ended up coming up with about 50 data points to analyze the stock.

Sean Tepper
And then on top of that, I created a traffic like rating system where stocks are either on sale, watch or overpriced. That’s green, gray or red. And I used it the next 4 or 5 years on my own, making returns between 15 and 50%, and my returns still fall in that range today. Our customers actually fall in that range as well.

Sean Tepper
But yeah, I, I wanted to make sure I’m using my own money testing it to make sure it works, not just like four weeks or four months. I went like that over four years. And then it was 2019 was the inflection point when I’m like, I think I’ve got a solution here, but let’s just confirm. Sent the sheet to a few of the retail investors and everybody’s like, I’m not going to use this Excel sheet.

Sean Tepper
This is insane. You got to create a software. So that right. That was the green light. Let’s go create a SaaS platform. And took a year to build the first version. And the first version was not pretty. But yeah, fast forward to today. That’s where we’re at. But yeah.

Andrew Mitchem
They Nimrod when you look back on them.

Sean Tepper
Yeah, right. It was like the, the metaphor I use is it felt like I was building a physical prototype made of like, and duct tape and cardboard. It was not pretty videos. It’s pretty ugly. But you get feedback from your customers and you just keep making it better, and it actually turns into something.

How does this software help?

Andrew Mitchem
So, yeah, awesome. That’s brilliant. So fast forward then to today. Why would someone come and use what you have and I suppose in a practical basis, how does it help them? What are they. What do they input? What do they use to make decisions for them?

Sean Tepper
Sure. Yeah. So I’ll give you some of the the subjective reasons and then we’ll get into the objective and why that’s actually important to our, our broker partners. But our rating system again process engineering, it doesn’t sound very glamorous, but the concept of making decisions very easy for people, it is very true in most industries. So we we use the process engineering lens.

Sean Tepper
Plus we take a lot of inspiration from Duolingo for language learning in our opinion. Like what? They’ve got over 600 million users. They’re doing something right. We’re teaching people how to learn a language with these micro learning modules. And I’m like, we need to do the same thing in our platform, but it’s got to be investing focused. So we’ve got these modules peppered around that quickly teaches people how to invest in you put the two together, the rating system, plus the simplified education that helps people.

Sean Tepper
And it’s not our guarantee, but it’s it’s something we let people know upfront that 90% of customers is actually over 90. But we say 90% of customers that use TYKR are able to go from a beginner to confident an investor in 14 days or less. It’s very quick. Wow. And what does that mean from an objective standpoint? And this is what matters most to brokers, which is most brokers we’re talking to have two big problems.

Sean Tepper
And number one, very little transaction volumes, like somebody will join on day one and they’ll wait three months or six months or nine months, and then make another trade. And the other issue is the average account size is less than 5000. While with TYKR after five years. Now we’re we track like a lot of data points to see our, investors behavior.

Sean Tepper
And typically people make 30% more transactions after joining TYKR. And their average account size is about $180,000. So what that tells us is and it tells. Right. So these people are their confidence is skyrocketing and they’re adding more money from their checking account or their savings. So it’s not sitting in a low interest vehicle. So so there you go.

Sean Tepper
That’s how we’re different. I’ll give you one more way where different in your audience may appreciate this is TYKRs. Calculations are actually open source for personal use. And the SEC really likes that. Like we had an audit done to make sure we fall in that publisher exclusion category. We could talk about that in a minute, but making sure we’re not we’re not giving financial advice, but this firm we’re talking to and we had another we’re actually had two firms.

Sean Tepper
Take a look. They were both very impressed that we we put those calculations out and I’m like, I’m, I’m actually not concerned anybody’s going to take it because it’s even though it’s relatively simple math, it’s a lot of it. And try to put together in a software what would take you a really long time. So fortunately nobody’s tried to duplicate it.

Sean Tepper
But the calculations are out there.

Andrew Mitchem
Yeah, well, for the sake, I was looking on your your purchase, page. Your pricing page. For the sake of $50 a month, you just use it. Wouldn’t you? Rather than trying to reinvent it or.

Sean Tepper
It exact right at the base price is like, you’re saying 15, 15 bucks a month or 99 a year? You’re right. It’s like, oh, okay. So here’s the here’s the calculations. Yeah. I’m not going to reiterate. That’s where it.

Andrew Mitchem
Is. I mean in in lifetime working it out will spend $100 a year same.

Sean Tepper
Same prices Netflix their.

Andrew Mitchem
Data. Exactly. Yeah a lot more educational. Yes.

Sean Tepper
Yes.

TFTC also helps create successful traders

Andrew Mitchem
Thank you. So it it sounds like although we’re in, slightly different markets within the overall similar markets now, we have something very similar going on, which is amazing is we’ve never met obviously, before, you know, 20 minutes ago, and that we find that our clients would be very similar to yours. The average forex person’s out there, small account, scared to trade, or they do the opposite and they do silly things and they make us even money and then lose it all, which inevitably happens.

Andrew Mitchem
And then they blame the break on the market. And that’s where we find our clients are different as well. You know, they have confidence that low risk approach. They they know what they’re doing, what to look for, when to do it. And therefore when they go to a broker brokers out there because, you know, the client’s got a hugely, bigger account and trading more often.

Andrew Mitchem
So it’s incredible how education and lack of it can affect so many people in this. Seriously. Yeah. It’s crazy. Yeah. Now, Sean, you mentioned, about the no financial advice, you know, situation. And again, coming back, that’s where we’re similar, you know, what’s your take on the no financial advice?

Sean Tepper
Yeah. So with the SEC, there’s I don’t have the exact, it’s like rule 102-5 or whatever. I’m making that up. But yeah, they’re essentially three rules you have to follow with staying in the publisher exclusion category. And there are companies and there are guys out there, some women as well, that they they get into some some shaky ground or gray areas where they push the envelope and they can get into some some big legal trouble.

Sean Tepper
So the three rules really go as follows. Number one is all information has to be factual. Like we can’t say like, hey, because I like x, y, z CEO, I think the share price is going to $2,000 a share. That’s crazy. We have to present the data like everything we do is really based off the fundamentals. We don’t cook any books.

Sean Tepper
We don’t skew the financials. It’s like, hey, here’s the EPS, here’s the revenue, here’s the net income, here’s the debt. Bam, roll it up to our calculations. And there’s your score. Keep it very simple right. Number two is and this is actually pretty easy to follow is we can’t ask our customers their age their risk level when they want to retire and then give them recommendations based on that criteria.

Sean Tepper
That is described as personalized financial advice. So very easy. Like okay, so don’t ask those personal questions. And number three everything has to be regular. And what does regular mean. It means all information we we put out has to be like every day or every week, which it’s we update our data every day. We can’t do and this is a common problem with a lot of discord and WhatsApp groups.

Sean Tepper
And so I’ve been told from the SEC, which is pump and dumps, is like, hey, go buy as much of GameStop by Tuesday. And then the very next day, without telling anyone, they’ll go sell a bunch of GameStop or whatever stock they they can come up with. And that is actually a common issue because you can make a lot of money in short order.

Sean Tepper
So, yeah, no, no irregular posting. It has to be regular posting. So yeah, those are the three rules with the publisher exclusion. And to be honest with you, but actually pretty easy to follow.

Is social media helpful?

Andrew Mitchem
Yeah, yeah. That’s good. Do you find you mentioned on social media type of apps? Do you find that those, causing problems generally for people because they just think they’re going to find something that’s going to solve all their life’s financial problems?

Sean Tepper
You mean like our customer is going on social media and reading comments.

Andrew Mitchem
To make sure customers, but just general people out there and in general isn’t there going to find some app and follow something and it’s suddenly going to give them all the magical answers?

Sean Tepper
No. In general, I think most people are skeptical, which I think is good. They’re not going to like, you know, like, for example, they’re not going to come to tinker right away and be like, oh, this is this is my savior. That’s that’s not the case. We want people to be skeptical. And we always tell people like, don’t like, I’ll talk about Tinker all day, but don’t even take my word for it.

Sean Tepper
I always say, go to Trustpilot, see what our customers have to say first before you even think about it. And then our model is, it’s a trial 14 day trial. And then we also have a 30 day money back guarantee. So even when your credit card is charged, if you want to refund, we’re not going to fight you on it.

Sean Tepper
It’s like it’s 15 bucks. That’s right, that’s right. It’s like we’re not going to split hairs on this, but it’s like you want to create a platform that it’s very easy to join is very easy to learn about. You can see what your customers are saying. It’s easy to test drive. Those are kind of the boxes I like to check when I join a platform because I’m using other software to build TYKR, whether it’s a marketing software or analytics or email marketing or whatever, right.

Sean Tepper
I want those things. So I’m like, I’m going to do the same thing with my own platform. But coming back to the skepticism, I think it’s good. It’s good to have a healthy amount, and it’s good for people to not only, like join TYKR, but go have like join our competitors, see what they have to say. And sometimes you’ll get things to line up like let’s say it’s a stock you really like and you’ve got, you know, TYKR, Motley Fool and Seeking Alpha are all like, hey, this is this is a strong stock, not a buy stock, but its financials are strong.

Sean Tepper
That creates layers of confidence is how we phrase it. Yeah. Creating those layers of confidence gives people more confidence to move forward.

Andrew Mitchem
Yeah yeah that’s good. And I noticed also on your on your offer there that you talk about cryptos as well Matt. Obviously it’s the, the big thing that people want to talk about and we’ll see more recently we’ve seen some big drops as well. Yeah. How, how do people finding using your software or on cryptos.

Andrew Mitchem
Because it’s, it’s like one of the markets that we kind of cross over on.

Sean Tepper
Yeah. So with crypto we weren’t originally going to add it to the platform, but a few people were like, hey, can you add crypto from a tracking perspective? Now for context, we have three assets in TYKR. We have stocks, ETFs and crypto ETFs. It’s easy to analyze because it’s really just a bundle of stocks. So we analyze each individual stock.

Sean Tepper
We roll them all up. If it’s let’s say 500 stocks within an ETF. You can create you can calculate what is the average score within come to that on sale watch over priced. But when it comes to crypto as you know there’s no income statement cash flow statement A balance sheet is not a business, it’s just a digital asset.

Sean Tepper
But again, we had customers that were like, hey, you got a lot of good tracking tools, like you can set alerts on my dates and prices and really anything you want within TYKR. And so they’re saying like, can you add crypto within so we can keep track of all of our favorite assets in one clean location. And my response to that was, oh yeah, no problem.

Sean Tepper
We’ll add crypto to this tool. But there’s not a lot of analysis you can do there because again, it’s not a business.

Multiple brokers or one?

Andrew Mitchem
Yeah, yeah. Fair enough. And also I noticed that you said about the broker connection. So one of your pricing models, that’s one broker three and five. Correct. What would be the reasons around someone needing, say, three brokers or five brokers as opposed to one.

Sean Tepper
Yeah. So the reason is typically your employer is going to issue you A41 like here in the states, of course, we get A41KI don’t know, in New Zealand you call it a pension like they do in, Europe.

Andrew Mitchem
Yeah. Kiwisavers called but yeah it’s that has is our name. Yeah.

Sean Tepper
Okay. Exactly. So you’re going to have that is going to be one retirement vehicle. And that’s typically set up with like here in the States. The two big ones are typically fidelity and Empower. There’s also Schwab. But then you’re probably going to want to do some trading on your own. So then here in the States some of the popular choices are Robinhood.

Sean Tepper
You’ve got E-Trade, you know. So there’s your second one. And then sometimes you’re going to have like an inherited account from a family member, you know, that could be on a different account. And if you don’t roll it over to your current broker, well, guess what? You’ve got a third broker sitting in place. But I get this. I’ve talked to people that have they’ve had more than five different brokers on my response.

Sean Tepper
So that is why. Yeah. So. Right. It’s it’s it seems unorganized. But we created the three tiers the premium premium plus an advanced premium. You get one broker premium Plus you get three in advance. You get five. We usually like 99.9% of the time. We don’t see people with more than five brokers. But like for example, between my wife and I, we have like we have three.

Sean Tepper
So yeah.

Andrew Mitchem
Okay. So with this allows someone to make their analysis and then connect directly through to that broker via your software. Is that how it works.

Sean Tepper
Yeah. Yeah. So yeah when when you join your broker and we’re really good complement to a broker will never replace it. We don’t want to be a broker dealer. That’s a legal name for their business model because we don’t hold any assets. We don’t hold people’s money. We’re just analytics. So yeah, when people join, you can sync up with your broker.

Sean Tepper
And what that does is it automatically updates your portfolio in TYKR every day. And it’s a much cleaner interface than most brokers out there. I, I’m never going to talk down about brokers, but it’s like their job is to protect people’s money. But when it comes to analytics dashboards or giving, like education or analytics, it’s that’s not their specialty, nor will it really ever be.

Sean Tepper
So we fill that gap, we complement and we make it easy to see because some people are like, I don’t I don’t actually know how much money I have because the dashboards in my broker’s so hard to use them, like just sync up your account TYKR and it’s going to kind of summarize it for you. Yeah, yeah.

Andrew Mitchem
That’s interesting. That makes a lot of sense. Makes life easy for people. And also I see that you have a mobile app. So can someone get the exact same information on the app. But they can all the desktop.

Sean Tepper
It’s pretty much the same experience. We try to release our features, if not the same day within the next week or two. Like if we need to deploy something to web or web app, we try to do the same thing to the mobile, that allows people to write. They can kind of analyze stocks and the gold or standing in line somewhere at Starbucks, whatever.

Sean Tepper
The mobile app, I will say this has an additional feature, which is the Duolingo inspired learning modules that kind of like swipe right, swipe left type feel. We don’t have that in the web app today, but we’ve had a few people say, hey, can you also add that to web? Well, that’ll come soon. But yeah, it’s pretty much the same experience.

Andrew Mitchem
And what’s the AI investing helper that’s not like yeah, humming live.

Sean Tepper
Oh, that could be going live. Well, recording this video is, February 9th. That could go live on the 11th. Okay. So that’s a feature where you can, like, interact with where you’re going to be the first to hear about it here. So it’s it’s an AI tool where you can ask questions like how do I get started?

Sean Tepper
Or what should I do with my first thousand dollars? Or, what when is the best time to buy or best to sell? You can interact with AI and it’s actually connected with TYKRs, data set, but also the the globe and it’s put a lot of rigor, rigor into place to make sure it’s not giving you financial advice, but it’s really leaning into giving you the data and TYKR.

Sean Tepper
So it’s for example, if you were to ask it, hey, can you tell me how to value a stock? It’s going to first go to TYKRs data set. And with the education and give you that information. And then some general information. You know that makes it sound nicer. And then kind of spit it out. So yeah, eventually we’ll release in multiple phases.

Sean Tepper
So the first phase we call the helper, the second phase is the portfolio builder in a will build hypothetical like for example, build me a portfolio of ten strong tech stocks or buy food stocks or car stocks, something like that. Yeah. And of course it’ll say this is not financial advice. This is a hypothetical portfolio. But yes. And then the third phase will be an analyzer.

Sean Tepper
So analyze my current portfolio. Like what changes would you recommend. And that that’s going to be really, really cool. So with I will say this and then I’ll stop talking. It’s a powerful tool because it can analyze large data sets in a short amount of time. But as we say at TYKR. And this is why when I become self-aware like Skynet, I’m going to be the first one to be targeted.

Sean Tepper
Right? It’s, it’s smart, but it’s not that smart. So you have to put a lot of rigor in a place, a lot of guardrails, because it can, as you know, hallucinate. Yeah. So we are bouncing AI up against logic and mathematics to make sure it does not say something stupid to our customers.

TFTC creating a trading bot program

Andrew Mitchem
That’s interesting. We’re in the middle of all we’re saying in the middle. We’ve been testing this live for over a year of getting AI to create trading bots for us, and what it’s doing is it’s spitting at a heap of bots and going through, sort of live trading on, on, you know, that are not real money. We’re trading on the money.

Andrew Mitchem
And then each week, we’re using the human aspect, the common sense and the knowledge that we look at as technical traders to pick which bots we’re going to be running live for subscribers for the upcoming week. And, and we’re finding that that combination of using the AI for that speed and, you know, doing the, the hard work.

Andrew Mitchem
Yeah. And giving us some information. But like you said, the guardrail becomes the human input in the common sense of what we’re seeing as technically on a chart. There’s no point in, let’s say, say Bitcoin over the last few weeks has been, you know, crashing. So nicely. There’s no point in us selecting bullish, crypto bots for the upcoming week when there’s technical traders.

Andrew Mitchem
We’re looking at it dropping. So I find that adding a bit of human common sense and knowledge, along with the AI at this stage is a really nice combination.

Sean Tepper
You got to do it right, and you probably seen the, the bad choices some people have made. If you let I make all the decisions, you can pull yourself into a, really bad situation. Especially. I like what you’re describing with your bots or those bots actually executing trades.

Andrew Mitchem
They they can, but we are more trying to set it up so the individual gets the alert and still needs to manually go yes or no as well. Good call. Because I don’t want to get into that situation where it’s completely, you know, automated, although a lot of people are want it all automated. My job as someone who teaches people is you still have to have that knowledge first to understand how to run the bots and to make a commonsense decision.

Andrew Mitchem
Is it making a good call or not?

Sean Tepper
Yeah, I’m good answer there, because the other hour I was talking to one company that was have was looking to have AI execute trades automatically. I’m like, whoa, what if they just run with the line and it’s like, go right? Like if rapid fire trades for an hour or two, it’s like, yeah, put some people in a bad situation.

Sean Tepper
So yeah.

Andrew Mitchem
Anyway, yeah, we’ll avoid that. We’re both avoid that. Yep. Yeah, exactly. I use it for the hard work and still use the brain. And that’s the thing, isn’t it? You know, what you created and what we’ve created. We’re about educating people, empowering people to use their common sense. Because I still think, after all, it comes down to it, there’s nothing better as a human, as an individual to have that, that how and that it’s almost like that feelgood factor that I know I can analyze these markets and make sound decisions and do well, you know, that’s you, you.

Sean Tepper
You, yeah. You just hit on the, the number one thing our customers care about like in and this will give you and your audience a little moment for me when I first created TYKR, especially the Excel sheet, I was all about getting better returns. I’m like, well, if Warren and Charlie can do it, I can do it.

Sean Tepper
Well, when I went live, that was my focus. But then after talking to a few customers, I’m like, they don’t agree with that. There’s actually something more important. And fast forward, I probably talked to a few thousand customers by this point over five years, and the number one thing they care about is confidence. Now, having confidence to literally do it on your own.

Sean Tepper
That is the home run. Feeling that supersedes, you know, getting good returns any day. Like people sleep better at night. Just knowing that, Shawn, I, I can do this on my own. That is what I’m looking for. I’m like home. So we even though the returns in tech are good, like, we actually lean into confidence. Like how do we give people more confidence is actually the bigger priority now.

Andrew Mitchem
Yeah, yeah, I, I fully get it. You know, we’ve been operating since 2009. Come on, Ryan, the Ryan run around the world in 111 countries and the same thing we we asked people, we, of course, you know, want to know why people join. And then we follow up after three months, six months, year, two years and keep asking people it’s the community and that knowledge of knowing what you’re doing for yourself, to have that control with low risk and, you know, really good outcomes.

Andrew Mitchem
But up here and then I say to people, trade any trading into, investments is emotion, isn’t it? Your head in your heart. You have to control those two. And what we’re doing is providing platforms or education platforms to allow people to fulfill that, that dream successfully and safely.

Sean Tepper
Yep, yep.

Andrew Mitchem
So it’s huge. Yeah. We can have all the AI and all the risks, all the all these flash gadgets, but ultimately it still comes back to that human wanting to have confidence in what they’re doing with their own money.

Sean Tepper
That’s it. Yeah.

Andrew Mitchem
And no. And also not just handing it over to someone as well. I think it’s important.

Sean Tepper
They add it and it’s actually you’re kind of alluding to this. It’s in people’s best interest to let’s say AI does 90% of the work. You want to be the person you want the human being finishing that process? Yeah. Because they, they ultimately it’s it’s better for them from an educational standpoint and from an, confidence standpoint, like they should know what was done.

Sean Tepper
But now, I control things. I get to execute the trade. Yes. You know, that’s right, that you want people to have that power at the end of the day.

60,000 stocks analyzed

Andrew Mitchem
Absolutely. And the, your software obviously does a lot of analysis just to give myself and viewers and listeners a ballpark figure. What kind of number of stocks is it kind of looking at and analyzing?

Sean Tepper
Sure. Okay. Yeah. So we’ve got about 60,000 stocks in TYKR around the world’s. We are up. Yeah. We’re upgrading. They’ll get this in the next month or two. We’re switching our data provider. So we’re going to have in the states real time pricing. You will have 15 minute delay. But then we’re going to have actually I can’t guarantee all stocks around the world, but most that’ll bring us closer to about 75,000 stocks around the world.

Sean Tepper
And then we’ll also have most ETFs around the world, which I think is closer to about 10,000. I could following in that Bow Wow. Yeah. No wonder.

Andrew Mitchem
They need analysis software that.

Sean Tepper
Yeah, right, right. It’s what we do. We run into circumstances when people, you know, they’ll join from a smaller country and they’ll be like, hey, you don’t have any stocks from our country. Winner may arriving. So it’s a lot of those requests and it’s like we knew we had to get to this point eventually. Yeah. But yeah. But then you just give transparency.

Sean Tepper
We’re looking at Finn Hub is, the data provider that will help us get, the more stocks and ETFs around the world.

Andrew Mitchem
Wow. So when you see your clients in 50 countries, if, for example, someone was here in New Zealand and they don’t want to be, and 2:00 in the morning to trade the US markets, they could be trading like the Australasian markets. Yeah. So your software.

Sean Tepper
Absolutely. Yep.

Andrew Mitchem
Oh, fantastic. That’s really good. Yeah. That, that’s blowing my way. That number. One thing as a currency trader, there’s like about eight main currencies. And so that makes, hence why there’s nothing like this for the forex market. I’m guessing because we can look at charts and read a bit of news and kind of make your analysis voice your, the information.

Andrew Mitchem
Someone out there with that. Your software is almost got an impossible task.

Sean Tepper
Yeah. We I was just checking here in tick or how many stocks from New Zealand. We’ve got a little over 187. So, do you know I like the I assume it’s the new New Zealand Stock Exchange.

Andrew Mitchem
Yes. In Wellington. Nice.

Sean Tepper
Got it. Do you know how many stocks they have?

Andrew Mitchem
No. I’m not, I’m purely forex. I honestly don’t know.

Sean Tepper
Okay. No no worries. But we’ll hopefully fin Hub will be able to get us most from from your exchange. Yeah. But that’s just a good example of like absolutely. You know we again we get a lot of people from random countries like, hey, can you add more stocks from our country? It’s like, yeah, absolutely. We’re we’re on it.

Andrew Mitchem
Yeah. Well, and also it’s purely that time of day thing, isn’t it. Because the you know, I suppose I get used to forex which is 24 hours a day. It doesn’t matter where you live in your world, you can trade it in cryptos obviously seven days a week now as well. But when you’re talking US stocks, they are, you know, for someone on my side of the world, some quite awkward trading hours.

Andrew Mitchem
So what you’re providing now would allow me to trade some of the the Japanese stocks, I’m guessing. Oh, and then the Australian ones using the ones now that you mentioned. So you really do open up your product to being truly a global, tool for people.

Sean Tepper
Exactly. Yeah. Yeah.

Andrew Mitchem
That’s awesome. Sean, anything else you want to add about what we’ve not covered, about what you can help people with?

Sean Tepper
Yeah. Knowing that you’re more in the trading world and we’re more investing, I have to say this one detail, which is we do have about 10% of our customers are traders, give or take, and they’ll use TYKR as their starting points. You’re like, hey, let’s see. You’ve got like 100 ideas out there. Well, they’ll use TYKR to narrow it down from 100 down to ten.

Sean Tepper
Yeah. So that’s one main use case. It’s kind of like the short AI, as it’s been described to me. Is the short list creator TYKRs, the short list for like for traders. So so yeah, I want to add that tidbit as some people are like, well I’m not really into best thing. It’s like, you don’t have to be.

Sean Tepper
You can just use the tool to, narrow down your search. So I’ve selected one use case.

Andrew Mitchem
Yeah, that makes a lot of sense. That’s kind of how I was thinking about potentially using it as well. It’s like, makes a lot of sense to do all that, that work and get it down to something more manageable. Right? Yeah.

Contact Sean

Andrew Mitchem
And what’s the best way that someone can contact you to find out more, about what you offer?

Andrew Mitchem
Sure. Well, how would.

Sean Tepper
They add, two ways to get in touch with, TYKR or myself? You can just go to tykr.com. That’s TYKR, tykr.com. And then, I’m really active on LinkedIn. Sean Tepper, Sean is spelled the Sean Connery way.

Andrew Mitchem
Yes. This with the voice.

Sean Tepper
Yeah. I wish I had strong Scottish voice. Yes.

Andrew Mitchem
Awesome. Hey, Sean, we’ll put links, of course, up here as well. And we will be sharing this in around the website and social media as well, so people can contact you finding a link here as well. It’s been awesome talking to you. I’ve learned a lot about the market. I don’t know a huge amount, and it’s fascinating to hear what you do and how, you know, you going to make it from when you mentioned 60, it still blew me away.

Andrew Mitchem
That number, from a ridiculous number of, stocks to help to analyze something in a, in a more simplified way. So, awesome to speak to you. Thank you. Your product looks amazing. I will be trying it. And, Yeah, look forward to it as well.

Sean Tepper
Thanks, Andrew. This is great.

Andrew Mitchem
Awesome. Thanks, Sean. Bye for now.

Episode Title: #624: The Smarter Way To Pick Winning Stocks

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