Yeah. 2 00:00:19.240 --> aN:aN:000NaN
Next
up is my interview with Tyler Perry,
he's a day trading coach and he's got a system for day
trading that seems to be very consistent and effective.
Listen to what he has to say.
He seems very confident in his points of view.
And again,
if you're someone who's got time and has your own money,
this might be a direction for you to grow that money so that inflation and dollar
devaluation doesn't destroy your wealth.
It's just another path that you could potentially take.
It's worth taking a look at,
enjoy my interview with Tyler Perry.
Tyler.
Thanks for taking the time to share some of this information with us.
Thanks for having me.
Let's talk about what got you doing what you're doing today,
what your background and how did you get into this type of work that you do?
So back in 1998 my father had a fish tank company
and very smart man interested in the market.
Got taken to A promo,
put $10,000 in the market,
Traded their own currency pair,
lost $6,000 and it really hit him hard.
So he went home and he figured out a math algorithm to read market
information and give it back out as lines.
And then it took him about two years to develop A beta test it on his kids.
ME,
I was 16 years old,
learning about futures.
Very,
very interesting and it progressed from there.
So did it work?
I mean it seems strange that somebody who was running a fish tank company suddenly figures out algorithms to
trade the market.
Yeah,
it works amazingly.
And shortly after that the fish tank company went away and we're full
time traders.
It's allowed me to do everything I've ever wanted to do.
I've got to run heavy equipment.
I got to be a fireman for six years.
I can drive locomotives and I just trade.
So basically your method of income is through
trading and then you get to live whatever whatever other life you like.
Absolutely.
Is this relevant today?
Because you know,
you're going back to 98.
But is this relevant today as far as we live in this kind of crazy covid world,
there's a lot of currency devaluation going on,
You know,
with all the debt that's taken on all the money.
That's being who was a printed nowadays?
It's not,
it's not truly printed,
but metaphorically printed.
Um,
there's a lot of people who are out of work,
you know,
they're,
they've been dislocated because of the regulatory,
uh,
reactions to covid um,
investments,
people are rethinking investment as a whole.
Have you seen that yourself?
You know?
Absolutely.
People want to take charge of a broken system,
uh,
no longer is it safe to put your money in the bank?
It's what do you,
how much control do you want to have of your future?
And that's that's what you think as you talk about it because that's exactly feeling it's
broken but I'm not in control of the system and I you know I don't feel
safe anywhere.
So how does what you do kind of take advantage of the broken system?
Sure.
So we Introduce people at a very basic level to trading
two day trading.
We use the forex market which is currency.
The reason we do that is that it's open,
it opens on sunday and closes on friday and you can trade night and day through the whole thing.
We teach people that not only does the market have a open and closed
position but there are many buys and sells throughout the day that you can
take advantage of.
And it can be custom to your current work.
So you don't have to just stop work to learn to trade.
You can do both at the same time until you're comfortable making the switch to full time trading or
continue doing both.
So if I'm someone who my job is in question or maybe I worked at a
restaurant,
I got shut down or uh or maybe I've got money in the
market,
you know,
kind of a long in the market just invested in the market.
But I keep hearing these stories about,
you know,
we're in a bubble might collapse and that's my retirement that
collapses.
You know,
I'm in big big trouble,
right?
Um I don't know where else really to put it,
you know,
crypt out good,
looks pretty good,
but it's also very risky also.
Right?
So is this a way for me to um manage my
own money?
I mean I have the confidence if I've never traded before.
Is it possible for me to have the confidence to go in,
take my say liquidate my positions,
go into cash,
go into a brokerage account and manage my own money or might is that a risk?
How do you see that?
Yeah.
So what we start with is we're in educational company,
we have our system,
we have our indicators that my father wrote and we teach
people how to use that to make better decisions with their
money so you can trust someone else to do it and take a long position and not sure.
Or we can teach you how to do it and then you can manage your own money.
What's a reasonable amount of money to start with?
They say,
okay,
maybe I just want to see if I can be any good at this.
How much money would I need to test it?
So we start people on a light basis is what we call it.
It's normally a $10 donation.
We give all the money to a charity just to kind of show that this is,
the introduction is more about your education than making money.
And from there we educate you,
we show you you get to try our system and then we offer coaching packages
and the coaching packages can range from About 10,000 up to
25 So I can come in.
How long does it take me to learn?
You know,
it's I do the $10 donation,
how long it would take the average person to learn?
We can get you through the light program That can be as short as a
day up to 30 days,
depending on what you're comfortable with.
And then coaching.
It takes about six weeks.
And when you're done with coaching,
we will put you into a corporate funded account
because we trust our system so much That we're willing to put money on the
table that you get to trade and then we'll set it up on a split where you make
80 and we'll put 20 back into the account.
So just understand this correctly.
Mhm.
You're saying that if I do your training,
you'll stake me with your money into an account because you
believe that I'll succeed.
Absolutely.
Now what happens if I lost this money?
Uh Do I have any liability,
nope.
None at all.
And we even have ways to get you back?
Well even were so invested in you that we can increase the account
for you.
So after a certain amount of time,
if you've shown us good behavior,
you're being profitable,
we'll add money to that account.
It benefits you as a traitor and benefits us and shows that we
really do believe in what we're doing.
It's very unique model,
uh,
does show that you're putting your money where your mouth is.
Well,
let's take a step back for a second.
So who is like the ideal person or profile of somebody that
could say I'm moving into this very crazy world.
I want to take control of my finances,
right?
Um,
and uh,
I want to give this a go.
Like what type of person is the right person to get into this coaching and day trade
and live that life if you will.
So we don't have a identified singular
person or personality for this.
We work with professionals of every kind in every industry,
technical people that have gone to technical school and do those
types of jobs.
We don't have a specific and male or female.
We have clients,
members from everywhere doing everything.
So it's the thing that we have found is who has the desire to
want to take control of their personal finances and their long term financial
stability.
Those are the people that were looking for.
And is,
there may be a disqualifier,
people that shouldn't do this,
um,
that,
you know,
they're probably the wrong disposition or personality for it.
Um,
people that are overly emotional that cannot control,
that they won't make it,
we can identify it and we'll probably have a conversation with them.
If we see it and say,
hey,
this might not work,
Let's have an open conversation about it.
So how many hours a day does it require to be successful?
So in the beginning we ask about an hour a day,
So five hours a week to study.
We call back testing where you take your plan and go,
take it back into the past and then watch the market come forward and make sure that
your plan works for you.
Do you have those tools basically where you can do that and that's part of the coaching is,
here's the indicators,
here's how they work,
Help you build a plan that's custom fit for you because not everybody trades the same.
We have people that are short term traders,
we call them scalpers.
They want in and out of the market in 5,
10:15 minutes.
We have midterm traders,
they're good for a couple hours.
And then we have long term traders that don't mind holding a position over day for a day.
Do you recommend everybody be out of positions overnight?
In other words,
you're because the market doesn't close.
Oh,
that's right.
It stays open from sunday until friday.
So you can run trades,
you can grade them through the weekend if you want to take a long,
long position,
that's fine.
There are,
there are fees from your broker that will happen.
But it's not a bad thing.
So in,
in what you're describing though,
it's okay to say,
you know,
uh,
I'm going to bed and I'm holding positions.
I'll wake up and see where they are.
Absolutely.
If you have proper money management,
which will be part of your training,
we're gonna teach you how to follow your rules.
One of the biggest things is follow your rules.
Follow your rules.
So as long as you have what's called stop loss.
A position of,
if the market comes down to a certain point,
it will automatically close so it stops the bleeding,
it also has a position of take profit.
So while you're asleep,
if it goes the direction you've asked it to go,
it goes up to your position.
It will then close while you're asleep and you make money while you're sleeping.
It's a good thing.
I'd say you make it sound sort of easy.
Like why isn't everybody doing this already?
Uh,
emotions,
uh,
with two major rules that we have is can you follow the rules and can you keep your emotions
in check?
And if you can,
you'll be successful And when you can't,
you have to work on one of those two rules now,
are they your rules?
Like you're talking about individuals saying you make sure you follow your rules.
But are these rules?
You taught them or they make up their own rules?
No,
we have basic rules,
you know,
don't over leverage.
Don't be risky.
You know,
set stop loss is take profits,
trade an appropriate amount.
Um And then you have a trade plan that from the off the indicators
when certain lines do certain things or point certain directions,
you're gonna write a set of rules will help you um and get you pointed in the right
direction.
And those are the rules that we're asking you to follow.
How much money can someone make doing this?
Like what's the range?
It's going to depend on your account.
With the $2500 account.
You could easily make $100,
3 $100.
And once you increase the account it will go up from there.
And after our 30 days,
90 days we'll review the account and we can increase it.
We will increase it for you exponentially.
Is that what you stake them?
2500 kind where you start?
So here's 20 roughly.
We'll call it an average.
Okay sometimes it's a little up,
sometimes it's a little down but we'll call 25.
The average does scale proportionately.
There was if I can make $100 a day on $2500 will I make $1000 a
day on $25,000?
It could.
Yeah so there's a unit of distance in the forex market we call them pips kind
of like points or ticks and other markets so a pip can have any value
that you can safely leverage.
So a lot size Is could be worth a dollar or $5 or
$10.
So if you would like to move Five pips at $1 you'll make
$5.
The same trade can be taken with someone with a larger account At $10.
And that same trade is now worth 50.
We can do the same thing at 100-500 and so on and so on.
You wouldn't increase your lot size until you safely could from your trading
account.
And as far as risk goes,
when somebody is new to this.
Obviously,
first of all,
if they do,
you're coaching,
you'll stay,
come in an account and they're going to learn on your money with that.
They've got what it takes or not.
Sounds like.
And if someone says at a point in time,
um I've actually got my own money and I like what I'm
doing.
I can go in and absolutely.
And how much do you give advice?
NG Let's say somebody said I have $100,000 saved.
How much of that would you put into an account to trade?
That's super personal question on their side.
Um what is your level of risk?
What is your comfort?
You can put it all in?
You can because you don't have to trade it.
You could have $100,000 in there and still trade only a dollar lot size
per pip,
more control on your side.
How risky of an investor would you like to be?
You want to be very risky then maybe max leverage your account.
If you'd like to be less risky,
bring it back a notch.
And in the in the coaching that you described,
I think he gave to tears like 10,000 and 25,000 four technical tears.
Okay.
And what's the difference?
So um They start out the $10,000,
1 starts out with just your basic six weeks.
It comes with a 5050 split.
Uh and it's really good program.
And then from there it increases.
So Do you walk me through it?
$10,000 is paid for coaching?
What's that paid for Cody split?
Okay.
So when we put the $2500 average in your account
once a month,
will evaluate your account.
And if you are above the high water mark will pull the money out and split it 50 50
between you,
the trader and us.
The investor,
50 50 it can go up 60 40 you can go up 70 30 you can go up 80 20.
Just depends on your level of training that you've asked for And
uh,
and that $10,000 is,
I think it's at six weeks.
So what's 25,000 2 then 25,000 will get you,
uh,
nine weeks of one on one training.
We're gonna add two days to that.
We're gonna bring you to our office,
we're gonna have one on one with a professional day trader coach
who is very successful and iron out any kinks there
is,
I can't even describe how much extra online material we have on our site
that is open to them.
We have monthly events where we Give more
content to the members and further education.
They get the 80 20 split and they max out at
$100,000 So that we can take your $2500 account and
increase it for you up to 100,000 and you get to trade that.
And then if you'd like to invest your own on top,
but you can trade to accounts at the same time,
there's nothing that says you can't.
And so once the body's trained,
let's say I still have a job.
You know,
I still can just spend a couple hours a day setting up my tributes and and it works.
Yeah.
So the Mark,
like I said,
the market opens sunday closes on friday.
There's different times of the day that are gonna be hotter than other times.
So for example in Utah Mountain Standard time,
seven o'clock in the morning is when the market opens on the East Coast at that time,
the european market that opened at one o'clock,
Mountain Standard Time is still open and will be open until nine o'clock.
So for those two hours you have to markets that are open and you get a lot of really good
movement now at three p.m. Mountain Standard Time,
both are closed.
Not much movement.
So you could build a trade plan if all you could work was three p.m. in the afternoon and we
can teach you how to trade it.
But there are better times to trade,
of course than not.
Yeah.
So we just tailor that to what works best for you.
Are you finding increased demand for what you're doing right now,
given the world and uncertainty?
I mean,
more people trying to find a different way,
I guess.
Oh yeah,
with the our national banks going to go or central banks,
excuse me,
Are they going to go away is coined.
The new future is something else.
The new future.
We don't know what could be turned on tomorrow and there's just too much uncertainty and people want to
be in control and that's what we offer,
the ability to control your future financially.
is it a zero sum game is uh,
you know,
if you're winning,
if you made $100 say that somebody has to lose $100 for that to happen or in the
market?
Yeah,
that's how that,
yeah,
that market is a zero sum game market.
So,
uh,
so in that respect,
is it just the fact that your confidence is that um,
the way that you're doing it is just superior to a lot of other people are doing it,
which is why you can win.
Yeah.
And we know that large corporations that trade very heavy don't have our system.
We know that the little guys don't have our system and there's not enough
of us yet to make a big,
you know,
too much of a shift that it becomes an issue.
I don't know that that's a lot of people because those big,
those big guys,
they trade heavy.
It is a part of your strategy.
The fact that you can kind of be more stealth and move faster.
And a lot of guys and that's that's the way that you take your chips off the table as they're moving Around.
So as a as a trader who's been doing this for a long long time I start to trade at 7:00 AM
mountain standard time and I'm done in half an hour to an hour.
Give myself up to two hours and I'll normally do what I need to do
within that amount of time and then I'll go do something else.
So it's a so you're working 30 minutes to two hours a day on
this up and the rest of time is free time.
Yeah and so what I did was because I've been doing this for so long I was asked to come to the
office and pick up this title,
the student development advisor and help others succeed because
that's what I really want that in life.
I want to see other people change their financial D.
N.
A.
Do you have to be good at math or?
Uh we have all the tools you've got to be able to understand and follow those
rules and you've got to at least be able to click the mouse.
That's all I need you to do.
And when you figure out how to do it without verbally then you don't need to worry about that anymore.
So if someone said you know I'd be comfortable if I could just
Make $100,000 a year on a fairly consistent basis,
you find that to be very doable for for somebody gets trained and has,
what kind of an account would they need?
As far as the size of it?
Um You're gonna probably Closer to the 50
50K.
Account,
it's going to take Better part of a year to build up from 25 up to what you're gonna
want um depending on your learning curve is what we really set that
off.
Not all traders are the same.
Uh,
we have a typical traders that can do it faster.
We have some that we don't like,
but takes a little bit more time.
So it's,
what is your dedication to the,
what are you going to bring to the table and dedication and we'll meet you there.
So you've been doing this from the training side for how long now?
Uh Full time?
For the last couple of years I've been helping
For almost 13 years.
People will say,
Hey,
can you work with him for a minute?
But it wasn't really a full time gig,
But the company itself has had students for 13 years,
13 years.
I'm sure people start out maybe a bit skeptical.
Uh of course,
yeah.
So what,
what,
what kind of skepticism that I normally show up with?
Um we hear the word gambling from time to time.
Um Is this real?
Does this really work?
Those are the things that we and which is why the light program exists,
if you don't believe here's 10 bucks,
and we're not even taking it,
we're going to donate it to a charity that we pick once a month.
Yeah.
And yeah,
that's our confidence level is just come check us out.
What's 10 bucks?
Well,
well,
I think the big challenge right now generically
is lack of control.
Mhm.
Of circumstance,
yep,
uncertainty.
Um and uh and lack of um expertise and
being able to make the right decisions.
And we're interviewing people and we were talking to people saying kryptos where you gonna put your money?
Of course,
then we have other people say,
no,
don't,
don't do that.
That that could be a bad and risky idea.
Both make very good arguments.
And for someone sitting on the sideline,
there may be a,
well maybe I'll take a little bit of out there,
but I don't know,
real estate,
of course,
hey,
you know,
put it in the cash flowing assets,
you know,
buy,
you know,
but again,
what do I know about real estate?
Could I do this?
You know,
can I be a landlord?
You know,
that kind of stuff?
The market?
Um,
mm,
I think for the most part,
there's a,
there's a pretty big distrust in the market right now because of the irresponsibility of
our politicians,
you know,
and what they're doing right now,
and,
uh,
from,
from a financial standpoint,
amongst other things.
And,
uh,
yeah,
so just parking money in the market is,
uh,
you know,
I think a scary proposition for people who just don't know,
you know,
this almost seems like it almost seems too easy right there.
It is too easy.
The reason is it's an emotion I've money is emotion,
The market is money,
therefore the market is emotion.
And it's that second rule that we kind of talked about was can you follow your
rules and can you keep emotion out of it?
So when we teach this to people,
when we get this set up,
its,
can you keep your emotions in whatever you're doing if you're going to do the market,
if you're gonna do coin,
which our system does allow,
you will teach you how to trade coin,
we can teach you how to take by trades and sell trades.
So we can go either direction which will help us in the upcoming,
You know,
a lot of people are talking about the bubble popping right?
And that's fine when it popped in '08.
We did just fine because you can take sale positions as long as you know how to end
them.
It's a part of your training.
Absolutely,
it's shorting and then yeah buying and selling and long and short and
we teach the whole thing and this is a big part of it I guess is also is that you're day
trading.
The argument for day trading is that you know,
you're you're in and out and then yeah,
you're starting it again,
the next thing you're starting again the next day.
And um I guess one idea is not to get too greedy.
Yeah,
it's which is an emotion,
it's create is an emotion.
You're right,
so don't get greedy.
Just know I guess just pick your targets and work the targets and yep,
and you're not gonna get hurt.
So we teach back testing so we will teach you the system and we're going to teach you how to
back tested how to go back and see how your plan works for you.
And while we do that we're going to see how much Should you take.
What is the market telling you?
Is it allowing you to take the five pips?
We talked about maybe would allow you 10 maybe it's telling you will need to which is
fine that very day by day.
Um an hour by hour by hour.
So in those hours where it's busy 7-9 mountain standard time
You a lot more action.
Which means you can change your lot size at 3:00 when it goes more
sideways because everything is closed.
Less action.
Maybe don't do that.
It's more risky.
It's more emotional.
So it's keep your emotions in check.
Follow your rules,
which if you think about it with the real estate,
we talked about if you have rules and you break your rules,
you become emotional and maybe you lose money.
Yeah.
I guess the rules are applicable to investment in general.
Yeah.
Is there an estimate as to how many people our day trading these days?
I'm Not 100%.
We could probably ask Google,
but I know a lot of people are interested in it.
They just don't know how to find more information.
There's a lot of free content on your social media,
but they don't have what we have.
And so I remember,
Oh gosh,
this is gonna be probably back in the late 90s,
um,
into maybe early two thousands united brokerage account.
Um,
and I would,
you know,
and I would day trade and um,
and you know,
there's,
there's a thrill and there's an adrenaline aspect to it and for me,
I think it was emotional.
Um,
I think it was,
it felt more like gambling than,
than it did,
you know,
something and I started to realize is that even if I was,
you know,
winning days,
you know,
as far as my trades,
it was,
it was preoccupying so much of my time and taken away from my business and it probably wasn't a good idea
and I finally stopped doing it,
but for me,
it was too much of,
it's like you're going to Vegas or whatever,
probably that,
that adrenaline rush getting,
you know,
that,
that way as compared to saying,
this is my vocation,
this is what I do,
this is how you're my living.
And so,
uh,
I imagine all types that are out there and this has been going on for a while,
but in the world's changed quite a bit since then,
as far as brokerage accounts and you know,
uh no fees for trades and you know,
that kind of stuff.
Um is there a point where uh this will saturate
uh where you have just so many people coming in that it's no longer viable.
Uh and if so,
are we far away from that point?
Um everything is a possibility.
Uh There's,
I looked it up this weekend,
There was 328 million people that live in the us,
we don't have anywhere near that as traders.
Um You know,
we're still trying to reach all of those folks.
Major corporations are big,
they don't count as one,
they could count as 100,000 small traders or maybe more.
Um I guess in a perfect world if we taught everybody had a trade and put them all in the market,
we could maybe offset this a little bit.
But there's not everybody wants to be in here.
Not everybody wants to sit down and follow rules.
Some people want the free content,
Some people want the big companies to do the investment.
So I don't think you could ever get there because you don't have to take
everything from the big businesses and make everybody responsible for their
financial freedom.
And I don't think we can actually do that.
Yeah.
So I think the summary basically is we're living in
uncertainty,
uh,
what used to work in a way of investments,
you know,
uh,
kind of put money away,
mutual funds,
whatever it might be,
I think are not going to work anymore.
There's a lot of uh,
fiscal responsibility and monetary responsibility on the part of the government.
And now,
what are your options right?
If you're somebody that's trying to be a good steward of your money and invest
um wisely and staying in cash is also really not
safe because it's devalued every single day.
You know,
if you whatever whatever the amount of cash is you have right now,
a year from now,
it's gonna be worth less years from now,
it's gonna be worthy.
What it can buy and what it can do is going to devalue constantly as
there's inflation going on.
So what's interesting about what you're proposing is that you
are kind of technically staying in cash saying you have an account but every day you're
growing the amount of cash so that your outpacing that inflation I guess would
be one of the goals right,
is to be able to outpace inflation.
If you can do that,
then uh you stay in front of it and you are in control of it as compared
to you know placing it in places and praying.
So that is that a reasonable summary from the lens that you look through?
Oh absolutely.
Yeah.
And the ability to even if you want to get onto the new coin we can trade that we can
trade all the different currency pairs.
We can it's whatever you're interested in,
we can help you with it.
And then I guess in that crypto arena there's a lot of volatility there,
right?
So that's probably trades pretty well.
Yeah I watch my account you know every day and it's like the volatility is
like a lot different than anything else I've ever seen.
Yeah.
Yeah so that's probably a good place to I guess you know set up a tent and start you're
not if you're not invested in coin right now or at least looking at it,
you're gonna get left behind.
I have to imagine trading it is,
you know,
there's a good opportunity there,
right?
Oh yeah,
yeah.
It's gone up up up and then with the announcement with the property gains tax and went
down down down and then it will bounce back up.
And that's the nice thing about the market is day today.
It will,
we will tell you it went up,
it went down.
But in the middle of that you can capture Maybe 10 times maybe more,
maybe less of the movement as it goes up and down and up and down throughout the day.
Well really,
really fascinating,
interesting view of things and I think a great alternative for people.
So I appreciate you coming and taking time to share all this.
Very welcome.
Thanks for having me that completes my interview with Tyler Perry again.
I don't think day trading is for everyone,
but it is for some people.
If you're looking to try to secure and grow your money into the future,
this is one strong consideration,
so I was glad to be able to share this with you.