 Okay, we're back folks. And I think we have David Paul on the line. Doc, are you there? Yes, Larry, I'm here. How are you, sir? I am very good. I have told the folks a little bit about you, but why don't you introduce yourself and tell us. I know you're a major proponent of VectorVest, which you showed us in London, which was great, but tell us a little bit about yourself. And then when we're done with that, I'd like for you to tell the folks how you turned Thomas into such a super trader, because the people in London really loved that. I mean, it was really amazing. Well, I think Tom did most of that himself. Yeah, no, no, no, no. He gives you too much credit. Go ahead, my friend. All right. Well, folks, I've got a PhD in mechanical engineering. Well, a PhD in mathematics, first degrees in mechanical engineering. Prior to that, I was a Royal Marine Officer. And I went to South Africa in 1981 from London to play rugby, to play professional rugby. And I worked for De Beers, the Diamond people at the time. And I was billeted into an office with an old fellow. He was doing something very strange every morning. Every morning by hand, he would update 50 or 60 shares that he was following on the Johannesburg Stock Exchange and he was making good money. He was trading primarily technically and I started to do the same. And I put on my first trade in October, 1982. I traded while working at De Beers until 1988. And then I cut the corporate umbilical cord and I've been trading on my own ever since. Over the last, I think for the first 20 or so years, Larry, I was purely a technical trader. And I did my best to try and keep the fundamentals of the stock market under control using William O'Neill's cancelling methodology, but I didn't have the skills and I didn't have the time and I didn't have the inclination. So in the first years, I traded pretty much just technically and did fine. And then I tripped over the VectiVest program about 10 years ago that does all the fundamentals for you. And I originally represented VectiVest in South Africa. And then they asked me, my son and I built it up from nothing in South Africa and they asked me to do the same thing in the UK. So three years or so ago I came home to London and I've been working with retail traders here in London showing them how to actually put technical analysis together in the very, very best shares, shares that are growing their earnings strongly and safely. So that's what I'm doing these days. I've managed money professionally in South Africa for quite a long time. But at the moment, my objective, sir, is to be making a good, in my dotage, to make a good living out of swing trading in the stock market. And I day trade when I feel like it, I day traded yesterday. I'll see what I feel like this afternoon. I've got a bit of a cold on me today. And as I think, as you know better than anybody, you've got to be feeling good to take the people on in the afternoon. So well, that our afternoon, your morning should I say. So I've been in markets since 1982. I've done training for pretty much all the banks around the world, especially in Southeast Asia, all over Africa. If you can find some, any small little place in Africa, I haven't been there. I'd be surprised soon. So Tom came to one of my seminars a way back in, it was in Johannesburg, 10 or 12 years ago. And we struck up a friendship and we worked together at the, which way today, live trading room for a long time. We nearly killed ourselves in there. I remember. Yeah. So at the moment, I'm quite happy to try and focus on making a really good living trading markets on my own. Okay. So that's what I do. So I put together a, can you see the slide, Larry? I don't know if we can or not. I think Al will be able to tell us if we can or not. Yeah, he does see it. Yep. We, I think, yeah, we can see it. The reason that the reason that the slide is entitled, why is this so darn difficult? And the reason is these clusters that we have now. If you've got a trend following system, you mentioned the turtles a moment ago, the breakout system, any breakout system or simple moving average crossing system, you're going to be really lucky if you've got a 50% hit rate. Depends very much where you put your stop. It depends very much. I know where you, in fact, put your target. But if you've got a trading system that makes more when it's right than it loses when it's wrong, a positive expectancy system, as a trend follower, you're going to be really lucky if you're right half the time. That means that you get a bad one every two trades. And as I've gotten the slide there, you get six, you get four bad ones in a row every 16, five bad ones in a row every 32 trades. That is a mathematical certainty. And if you, in fact, are dumb enough to bet 20% of your kitty on any one trade, you go bankrupt every five. How is that? Thank you. And many people, of course, do this. And I see it all the time. I see it all the time. So I had Victor Vest here in the UK. I spent, I would think, about half my time reinforcing position sizing and talking and talking about Ralph Vence and Ralph Vence's work. Did you know Ralph Vence? Yes, of course I do. Yes, he's a nice fellow, very bright fellow, of course. Very bright fellow, that's for sure. Now, if you can push your hit rate up a little bit to 66 out of 100, in other words, you're wrong, one out of three. You only got to handle five clusters in a row, five badmonds in a row, every 250 trades. And if you can sort of push your hit rate up to mystical levels, eight out of 10, then you only have to handle five badmonds every 3,000 trades. So if you can sit in your hands and wait for those plums of opportunity to come along, then emotionally, the business becomes an awful lot easier but doing nothing as I keep reaching to the Victor Vest people, doing nothing is much, much more difficult than it would seem. So now, where what I spoke to Tom about 10 or 13 years ago came from, came from a course that I didn't gambling, believe it or not. It was called a Vegas MBA and the chap who was running it said that if you can look Vegas straight in the eye, well, making money in business is going to be a piece of cake. So we went off to Vegas for two weeks to gamble and to learn how to gamble professionally. It was great fun, it really was great fun. On the roulette wheel, as you know, there are red and black, the same number of reds and blacks. And there's a little white ball. In England, we've only got one white ball. I believe you've got two across there. And that's the house edge, that's the spread. But if you stand at that roulette wheel and you have a quick look, you'll see that there's long runs of blacks and long runs of reds. Exactly what I've just tried to show in this particular slide. Dave, stay with us here for one second. We've got to take a break. Since we were late getting on today, could you come on next week, maybe one day, so we can talk about that Head's Tales experiment that I really enjoyed so much? Yeah, by all means. By all means, it would be a pleasure. OK, just let me know what day fits in. Go ahead and continue, please. All right, well, the clusters are real, folks. And the first thing about the clusters is you've got to, in fact, live through. And that's a trading record of one of the best traders I know in the city of London. It manages billions of pounds. And as you can see, at least I hope you can see, long runs of greens. And then you've got a few reds. He's got a 66% hit rate, this guy. Makes a lot of money, trades huge positions in bonds, stock indices, oil and gold. And he's up 42% with a huge account. That was till we did our seminar together. So the first thing about the clusters is to get through them mathematically, that you don't go broke in them. And, of course, the second thing about the clusters is to try and get your way through them emotionally, putting your trading system into practice perfectly. After three or four bad ones, it takes a great deal of what I call, Larry, testicular fortitude, sir. So 50% hit rate is good. And I don't care what methodology you've got, folks. Every now and then that market's just going to go in to a complete knot, and you'll be lucky if you get a 50% hit rate. So this is how Tom and I got started in this, folks. If you look at a Martin Gale system, which is a system every time you win, you put the same battle on. So if you're playing roulette and you win, you put a $10 bet on red and you win, you get $10. And you put the same battle on. Dave, we've got to leave now and time's up, and we'll get you next week, okay, and continue on. This is really great stuff, Dave. Thank you so much. Cheers, Larry. You bet. From the UK, we'll be back with him next week. See you all tomorrow, folks.