 All right, good evening everybody. If you can hear my voice clearly, can you type V in the chat? Okay, because tonight is gonna be a super victorious night, very, very successful trader. She is here with us tonight and she is going to really share with us her system, how she herself have been making through the system, like more than $100,000 in just one year with less than an hour a day. All right, how many of you are excited to learn? If you are excited to learn, type me in the chat. All right, I'm personally very excited to learn because to me, I always have this misconception that trading is something very dangerous, no great time consuming and requires a lot of active monitoring and a lot of skill set, but after I talk to her, she completely changed my perspective towards trading. So I can see the safe investor is very excited to learn. Who else is excited to learn? If you guys are excited type E in the chat. And right now, I also want to officially introduce tonight our guest to come here. It's very, very hard for me to able to invite her because she was actually constantly traveling around and finally when she had the pocket of time to come back here, I was like, oh, can I just invite you to come here to share with my followers as well so that I know some of you guys maybe are very curious or maybe you're already doing trading, right? I'm very curious, how many of you are already doing trading yourself? If you are type T in the chat, right? And if you have not started trading or but then you still have some interest to explore trading, right? Then type E in the chat. E stands for exploration. So tonight, we are going to explore together because I'm personally haven't really started trading as well, I'm here to explore, I'm here to learn as well. So who is the speaker that I am going to invite tonight? All right, some of you said that you are trading already. Ah, okay, so Frank said that you are trading but currently losing in the moment. All right, so don't worry, I think later on if I have additional questions, I'm pretty sure my expert trader friend, she is more than happy to answer your questions as well. So keep your questions inside the chat. We are getting super excited right now. So the person I'm going to invite on, right? She has almost close to a decade of trading experience but just like many traders out there, right? Initially, right? Her first few years wasn't a smooth journey as well. She also made a lot of mistakes and she also lost a lot of money in the trading market as well. But she didn't choose to give up. Instead, she really chose to continue to learn to level up, to polish her skillset and that's how for the past five years, right? She has been consistently making a lot of money from stock trading, right? So without further ado, let's welcome Iris, the stock sniper to be here. Hi, Iris. Hello, hello everyone. Go to see all of you. I think Iris is like, she is so demure. I mean to me, she's like so calm which I think you need that as a trader. You need to have a lot of emotion stability and all this. All right, how many of you have actually seen Iris before? Or maybe you attended some of her class. Maybe you are her student type, me in the chat, all right? So today, thank you so much once again for dedicating your time to come here. I think all of our audience are super excited to come and learn from you. Yeah, I'm also very excited to share. So Iris, maybe I want to ask a little bit more about your background information first so that my audience can have a better understanding towards you. So can you share with us a little bit more about how did your trading journey get started and how has it been so far? Yeah, for me, I started stock trading more like a hobby rather. Actually, when I first started stock trading, I didn't really expect this to be like something life changing for me. When I started working, everyone around me is like opening their trading account. So I thought that I would just follow. It's good to have some side incomes. That's why I did that. So at the point of time, I was still focusing 100% on my daytime job and I was really working hard for my job. And at the moment, I mean, for those of you, I'm not sure whether every, I'm sure that most of people here are working adults as well. So the moment you enter the society, the working force, a lot of reality will hit you, right? One thing I realized is that as I am working hard, climbing the corporate ladder, I realized that it's not 100% guaranteed that you put in the efforts, you will get the reward you deserve. That's number one. Number two is that even you are lucky to actually climb up the corporate ladder. That for myself, I was pretty lucky to do that fast. What happens after that is with the higher position, it comes with more responsibility. But more responsibility doesn't mean that you will be paid more. I mean, recently, I think, especially after COVID, we have experienced a lot of retrenchments. What company was doing is they asked a lot of staffs to go. So whoever is remaining, they are doing like two person's job, or three person's job, but their income is only increased by maybe 30%, 20% like that. So that is kind of what I would say is reality when you're working in the corporate as a staff, right? So, and also, you know, more responsibility, right? Comfort means that you have less work-life balance because you have less time to yourself. And for me, I mean, yes, I am based in Singapore, but my parents are in China. So for me, I really love my parents and I really would like to at least spend more time with my parents. Sometimes I really envy people, you know, like you are Chloe, that your parents are here, so that you can at least doesn't matter how busy you are, you can still get to see them. But for myself, if I am really lack of work-life balance, that means to me is that for the whole year, I only get to see my parents for a couple of days only. And that's why, you know, after COVID, I decided to really travel more often and also spend more time with my parents. But back in the days when I realized this, you know, that's where I actually start to see treating as something as like, you know, as if for myself. And also another reason is because when it comes to stock trading, you know, you just need to focus on yourself. You make sure you do things right, make sure you're doing well and you will get the reward. But when it comes to working, it's not about one person's job. It's not about you focusing on yourself because other people's, how their performance is, is like your reward is quickly depending on how other people do things and how other people will do things is really beyond your control. And as you are becoming a leader, you know, you sometimes need to also answer for other people's mistakes as well. Yeah, so, and also there are a lot of, you know, politics in corporate wage. For me, whenever I heard about politics, my brain just shut down because I'm a very simple person. I don't want to deal with that. But when those things are also directly related to your promotion, it's time, that is the time to realize this is really not for me. And compared to stock trading, oh, it's so simple. You just need to look at the screen and you just need to focus on, you know, whatever you need to focus on and then you will get whatever you want. So that is how, you know, kind of there is a transition from the focus from my work towards stock trading as my exit and eventually, you know, because I want it so badly, I want to get out of the so-called the bad environment so badly. And then finally becomes a hundred percent in stock trading. Wow, how many of you can relate to what Iris shared just now that you also feel that you want to have more time for yourself, for your loved one. And that's why you yourself are also, you know, considering exploring trading or you yourself are already trading during your, as a hobby first because eventually you want to have an exit, right? If this is you type E in the chat, okay? E stands for exit point. And I can see that from Iris's experience, right? Like she has a very strong why which is to really spend more time with her parents, right? So that she can really leave the, like I think she really wants to become a good daughter, right? And that's how she was very, very determined to make it a successful journey for her. So now we also know that this is a journey and I know Iris you also definitely been through a lot of up and down. So can you share with us what are some of the greatest mistakes that you personally made in your trading journey? Especially in the first few years that you know people when they listen, at least they know what are the possible mistakes that they could make and learn to avoid them from beginning. Well, I made a lot of mistakes. A lot of mistakes. I think for starter is I kind of having a false hope about stock trading which you know online, when I started trading internet is already very popular and online there is a lot of misleading information which kind of created a false hope for myself. And then I tend to follow them blindly which kind of got me burned my account for a couple of times, right? And I'll say to some, if I were to make it more concrete, in terms of the mistakes I made, number one is that I was trying to make trading so complicated because when I first started, when I opened my trading platform, there are thousands of indicators out there and when you are new, you probably will think you will need to study not say all of them, but at least a portion of them, those famous ones, everybody talk about, I thought that I need to also focus on them as well and also Google a lot of research a lot in terms of what is the best way to apply, you know, all those indicators, right? But till the day I actually don't use any one of them. So that is, so when you make things so complicated, your chart will also, the chart will look also very complicated. And when your chart has so much indicators there, the most important thing is miss out which is the actual price actions, those bars, the red and green on the screen. So the most important information is in fact, very beneath all those so-called misleading or lagging indicators. And when I try to derive a, you know, conclusion based on the very misleading or very complicated chart, it's like analysis paralysis. How can you give an answer? So it's because of that and also because of wrong share sizing because, you know, I was also in like a kind of a gambler kind of mode, which comes to the second important thing I didn't do well, that's also, you know, reinforced of loss is that whenever I enter a position, I tell myself that, you know, I have no plan. It's like, okay, I will just go in and when I go in, I fingers crossed. I hope that this thing will go in the direction that I want. I don't have a cut loss point. I don't know. It is like, in my mind I was like, okay, maybe goes down there, I will cut loss. But the thing is, when the loss actually escalate into a portion that you thought you will cut loss, which you have a mental cut loss, you will refuse to do so because the pain is so strong that you will kind of, you know, is like paralyzed again. And then just wait and hope and close the application hoping that things will come back but you will never come back. And it hurts my feeling and I swear I will never treat again. But after some time, when the reality back in the work kind of let me realize I have to do something that I went back to starting again. So it's kind of a few tries and errors, a few, you know, I would say setbacks along the way that kind of eventually let me figure things right along the way. Yeah, so to summarize is that not to make things too complicated. All those indicators out there, to be honest, you don't need them. And second thing is, second thing is always protect yourself. So risk management is very important. You know, Warren Buffett also emphasized on the importance of capital preservation to succeed or how first has to last. Elsewise, there's no difference as, you know, compared to going into a casino hoping that you will track something. Yeah, so, so exactly. Wow, how many of you have heard your question? Yeah, thanks so much. I think that is really awesome answers and a lot of golden insights. I want to ask our audience right now. How many of you felt that this is something that you want to improve on as well, right? You want to make your trade simpler and then you also want to make sure that you have your trading plan set up properly. That means it's not gambling, it's really true proper system that you have the proper entry and the proper exit point, right? So if this is something that you want to improve on, type I in the chat. So in the meantime, I'm also very curious, right? Because just now you said that there are so many indicators that you personally don't use because from years of trading experience, we realized that they are all lagging indicators and they actually make you feel very confused and having these paralysis when it comes to trading. So what are some of the indicators that people commonly use but actually realize that it's actually pretty useless if you don't mind sharing? All those famous ones that, for example, RSI, those of you who are using indicators, this is one of the popular ones, I would say. So RSI is the popular ones and another one is the stochastic, yeah. So Fibonacci, right? It's Fibonacci as well. Fibonacci as well, yeah. Any, basically any indicators you can name off or to put it simple, I mean, for those of you who are here today, there are only two indicators that I personally use. The only two. Okay, so you still use, right? What are the two? Yeah, I still use two of them because they are more or less real-time. Yeah, and I use them as a reference, right? So, sorry, problem means three. Yeah, total of three. So first one is the volume. Volume. Because you need to know how is the volume means commitment. You need to know what is the commitment from the buyers or sellers. So that is why volume matters, right? Second one is moving average. But I don't really use moving the average a lot. I just put it there as a simple reference. Usually the 200-day moving average is something I'll watch. The reason is very simple because institutions are watching that. That's why I'm watching that. No other reasons, all right? So that is a 200-day moving average. And another one is more for day trading because I do a lot of day trading. The third one is the VWAP. Is what? VWAP. So VWAP, VWAP. VWAP, okay, I've never heard of that before. So to me, trading is something that is very, very new. So how many of you have heard of these three indicators before? If you have, type three in the chat or if you have heard of one or two, also put it in the chat, right? So now, Iris make things sound so simple, right? That she just need three indicators to beat the world. Use three indicators to profit $100,000. Later I can show you some of her trade screenshots. I'm like, wow, I'm super impressed by her consistency. But I also know that this is something that, you know, she takes time to polish, takes time to hone the skill set, right? Because if you don't know how to use these three indicators, even though you add them into your chart, you will still feel confused. So that's why it's very important that you really learn how to use them and how to integrate them step by step as well, right? So in the meantime, we have an audience, Will is asking what's the difference between trading versus investing, all right? So maybe I can get Iris to share your definition of trading versus investing. Trading is something, okay, since you guys are here because you're hearing me being a day trader. So maybe let's talk more about day trading. Day trading is something that is a very short term, right? Day trading, you see the name is called day trading, which means everything is kind of settled down within the same day. Whereby, yeah, so because of the short time span, you don't really need to bother too much about how is the business doing, who is the CEO, whether there will be a change of the directors, how is the revenue like, you don't need to worry about all those things because for me, most of my day trades are only last for about 10 minutes, five minutes, or even shorter. Whereby investing, I think the first name that come to everybody's mind, whenever we talk about investing is Warren Buffett, right? So investing is different, investing means that you are, you're not buying stocks, you're looking for business, you're looking for a good business, whereby you want to let the business do well so that you as a shareholder, you'll make money from there. So it's more for long term, yeah. So that is my understanding, you know, about trading or day trading versus investing. Yeah, exactly. And just like what I really said, right, there are different approaches for different purposes. Now, when it comes to investing, you really need to look for more long term, right? Because business don't change overnight, right? However, if you want to be successful in investing, you need to understand the fundamental analysis, the financial statements, you need to dig up all those numbers, right? However, for Iris, she does day trading, and that's why she said she, she doesn't actually read financial reports like this because it's not helpful for her in her daily trading activity, right? What she needs to look at is the candlestick, right? And the price action and everything. And like what she said, she gets in and out, which is her trades in like what? 10 minutes. Is that right? 10 minutes? Yeah, in terms of, usually it's in the range of minutes. Yeah, most of the time. Sometimes you could last slightly longer. Okay, okay. So maybe you can describe a little bit more about your life as a day trader. What do you usually do as a day trader? How many of you are curious? Okay, because she is full-time day trading, full-time. She left her job a few years ago, is that correct? Yeah, about four, five years ago, four years ago. So ever since she get consistent profit from the trading portfolio, she's basically just quit her job. So what's your lifelike as a day trader? I'm curious too. Are you pretty boring? And not really boring in a way because yes, I'm a full-time day trader, but I don't spend more than one hour a day on day trading. So you can see how much additional time I have, but I'm someone who always came to explore new areas, adventure into new different things. Yeah, so for my life is every time, I usually wake up about nine and after that is whole day up to the adventure, because my friends are working. So basically for me to decide how can I improve myself or how I can venture into new things. At night, I will make sure most of the time, I come back to my desktop and then prepare for my day trading routine and then start doing day trading. So your day trade is in the US market, is that correct? Yes, yes. So for me, I trade the US market. So I only start trading at 9.30 p.m. Singapore time, depending on the time difference. When the lifelike semi-ends, which is coming soon, the market will open at 10.30. Really 10.30 to 11.30 or 9.30 to 10.30. Basically the first one hour of the day. Yeah. Wow. But I'm also very curious, that is your actual trading time, right? Then how much time do you need to find all those, for example, oh, today I want to do all these trades and all this, how much time do you need on that? That is my, I will say, that is the time I set for myself. It's the latest time. I will call it a day for day trading, which is one hour after the market close. But in terms of the actual time, I will come in front of my computer about half an hour before the market opens. That's where I will start to do some reading about the news or clear some of my emails, all those kind of things. Then about 15 minutes before the market opens, then I will spend about five minutes time, build up my watches, because the thousands of stocks out there is really impossible for us to focus on every single thing. So I have a way to be able to tell whether a stock is something that I can focus for the day. So I have certain quite dearest. So basically for the five minutes, I am filtering the stocks based on my quite dearest. So I can narrow down the thousands of stocks to about 10 stocks plus minus. And then when the market opens at 9.30, I will just need to focus on the 10 stocks plus minus and to see whether they give me what I call a setup that I'm looking for. Yeah, so once they give me something, then I will just take action profit from there. If they don't give me anything, then I will just call it a day, call it an off day for me. So usually I will call it a day. Most of the time I close shop about 10 o'clock, like half an hour into market open. So all in all, it's still about one hour. Yeah, very seldom do I like a trip beyond 10.30. Yeah. Wow, that's amazing guys. How many of you felt that it's very amazing that her research process plus her trading process, that means actual exit and enter and exit, right? It takes only one hour a day, right? If you find it amazing type one in the chat, I personally feel it's super amazing. And guys, let me just show you some of her trading results, okay? Iris, are you able to share screen of some of your, you know, like, like screenshots of like, from early this year? Okay, she has many years of experience already, but then like we want to see, I think people are also very curious about your track record, right? Do you have certain screenshots to show? This month, you win how much, you lose how much. That month, you win how much and lose how much. So that is, everything is very transparent. I have the one that, this is something that I prepared that I wanted to share in my previous sharing sessions. Yeah, but in the end, I think I didn't really share. But since you guys are here, I will... So you guys are here for a trip? Yeah. How do I... Maybe you need to click the present button. And then after that, there is, I think, share screen. It's a share screen. And then after that, once you have that, I can enable you to share screen. I got it. Yeah, so... Okay, okay, let me just add it into the chat. Yeah, there you go. Okay, so this is January 2000 and the 10th. Yeah, this is something I prepared, I think back in August, when I was doing some sharing session with my community. Yeah, I think in the end, I didn't really go through that. Yeah, so January, I was pretty active in January, but if you see the actual days, there are a lot of trades. But for example, one day, there are three trades. Sometimes no trades at all. You can see that fourth and fifth. And after that, it's 17th. 17th, yeah. A lot of people think day trading means you have to trade every day. You don't have to... It's very flexible in a way that whenever you are available, you just come here and trade. If you want to enjoy your life, you have dinner. In Asian countries, US market open at night, but sometimes we also have night gatherings. So buy or buy or go ahead or... So, but whenever you are available, you just come here, take a trade, grab some opportunities. Yeah, so this is Feb. So February, I was less active. I think it's also because of Chinese New Year. Yeah, but usually my trade won't be so much like this. This is more like an average number of trades that I would take in a month, right? So it's about 10 to 15 trades. Yeah, around there. Yeah, so this is March. And this is April. Yeah, April one trade. I lost money. I didn't trade in April because I was in a very weird time zone back in Europe where my market opens in the afternoon, about 2, 3 o'clock. And I was outside, so... Traveling, yeah, I'm really shy. So guys, can you see that like... How many of you love this flexibility, right? If you love flexibility like this type F in the chat, but you can also see from Irene's journey, right? It's not 100% win rate all the time, right? There are certain trades that she lost money, but can you see that for the trades that she lost money, like generally she kept it within $500, about $500, right? So she has a very, very definite and strong rule to cut loss. And then because her system is so strong that her profits actually weigh over the losses, right? So in June, wow, $17,000. That's super impressive. Oh my gosh. How many of you are impressed by her consistency? If you want to become a consistent trader like her, type C in the chat, right? So how about, okay, June, let me, July, July, how about July? July, yep. And then this is August. Yeah, and July, August. Yeah, so I prepared this, I think, yeah, somewhere about this time. So that's why I put it as three quarters of August. Yeah, and I also like the way that Irene, like as she said that, you know, sometimes, you know, when the market doesn't give you opportunities, then just be it, right? Let it be, right? You don't have to force a trade in order to profit from the market. Because a lot of times when you end up forcing a trade, you are getting very emotional, you're getting impatient and that end up will hurt your trade, right? So you can see Irene, she's very calm. She follow her system step by step and that's how she's able to profit consistently as well, right? And I believe that what you said just now, Chloe, is that don't force a trade. Because a lot of new traders, they kind of feel obliged to trade. Yeah. But sometimes, right, is that we only trade when there is a good opportunity. You know, as traders, right? I mean, if you go to work, you will get paid. But as traders, if you come to your table, you take action, you might not be paid. Yeah. So that's why we have to be very cautious and particular. We have to make sure that whatever we take, it's really something we're looking for. Yeah. So that is something I think is very important that I just thought you have mentioned about. So risk management is the key, right? How many of you have felt that? Yeah. The session has been very helpful for you. If it has been useful for you, can contact you in the chat and please help to share out these, you know, these lives, your friends, if they are in their trading journey. I think what Irene shared her experience, some of the mistakes that she made so far would definitely help them to become a better trader as well. Right? So in the meantime, I also want to continue to delve into some of your golden insights. So some of you guys are also asking about, you know, like how do you plan the watch list? Right? Kelly is asking, how do you usually plan the watch list? How do you make it so simple for you and your students? Because Iris, she has been coaching, I think about a few hundred students already, right? To learn your trading setup and everything. So how do you usually plan your watch list? I is over years of experience. I actually have come up with a list of the criteria that I will look for when I look at the stocks. So most people, right, when they trade, they thought that the price action only happened 930 onwards, right? But the thing is the price action actually already takes place before that, which is what we call a pre-market price action. Yeah, so basically for me, how I'm able to build up the watch list even before the market opens is because in the pre-market price is already moving. So I am assessing the quality of the stock based on the chart using the list of criteria I have. And from there, I'm able to build up a watch list. Yeah, and I think that those criteria should be like very step by step and definitely require more time to elaborate. And that's why for Iris, she teach her class in another sharing as well. So for those who are keen to attend her class, type me in the chat, okay? We have time later on, we will share a little bit more about it, okay? But in the meantime, Chun Hong is asking, what is the risk to reward ratio for you? And what is the capital needed to even start this trading journey? Do I need a lot of capital get started? The, what that's one of the thing I love about stock trading is that anyone can get started. Like even if your capital, the spare, but make sure that is your spare money. So even if your spare money is just say $100, $500, you can get started. Yeah, so there's no so-called minimum criteria required that for you to kickstart. Yeah, so that is to answer the question. Now in terms of risk to reward, right? The one, everybody will have a slightly different risk reward. For me, I prefer that whatever risk I'm taking, at least the reward to me is at least two times. So pretty other words, if let's say this trade I'm risking $500, I'll make sure that the reward for me if I win is $1,000. I see. So it's always like you are aiming for at least two times risk to reward ratio before it even makes sense for you to place your trade. Yes, yes, that's what I'm aiming. Yeah, and that's why she doesn't place any random trade, right? She doesn't force a trade as long as it doesn't fit into the criteria, she will just give it a miss, right? And she rather have a higher probability of success so that she can get really consistent results over time. So wow, thanks so much for sharing. Now, some of the questions that like some people are asking, some people are asking, Terry is asking whether there will be any live trade later. Terry, now it's only 8.30, why if I need to drag until 9.30 PM, I think Iris will be very, Iris needs to do her trade set up later. So unfortunately, maybe another time, okay? But that's a good question, good question, okay? But do you do live trade with your students? I'm also very curious. Yes, I do live trades with my students. Wow, okay, that's good. That's how they managed to tap into your insights as well. Like that literally you kind of screen out, out of a thousand overstocks, you screen out the 10 best stocks for them to trade for that day, correct? Yeah, I will also ask them to do that as well, but I will do mine as well. So I will, so-so is like in the live training session, they also need to participate, but they will also like delve into my brain and to learn about how, exactly how I think. Yeah, my students love live training session because it's really, they love to, you know, to delve into my brain to understand how I see things. Yeah. I love it too. Especially you imagine like, because I'm a beginner in terms of day trading, I would feel so lost, right? Like I don't know what is the trade that should I be placing? Am I doing it correctly or am I doing it wrongly? So having you beside me, I would feel a lot safer than I'm doing the right thing. So I can see why your students love it as well. So Albert is asking, do you trade options? Yes, I, I trade options, yeah. I, like just now you asked me about my journey, right? So when I first started, I, I didn't specify that I'll just learn about stock trading. In fact, I would, I'm a really, really pretty, open to learn about everything. So like when you asked about value investing, I also learned about that. I learned, I learned about from Sean. Yeah, so options trading, yes, I also learned about options trading. So stock trading, yes, yeah. So, so is I, I even tried it, I even tried CFD before as well, the Forex. Yeah, so, so, so that Albert, yes, I do trade options. But right now, do you still trade options or you mainly focus on stock trading? That's a very good question. So like options or stocks, right? To me, they are just a vehicle. But so it's like, so this is how I see things. Whatever decision you make, right? It's based on the chart and that is the skills I have about. Once you have know that, once you kind of draw a conclusion in terms of the direction where the price will go up or where the price will go down, then it's up to you to use, you know, whether a stock to benefit from the move or you will use options to benefit from the move. Yeah, but the skills to analyze the chart, that one actually doesn't matter what is the instrument that you are losing. So I, I would say that I, most of my trades are stock trades, right? Because options, I have additional, quite dearest in terms of deciding whether I will use option or stocks, but I have been trading options also. Yeah, and I trade option as in, I trade equally as stocks because what matters is the chart analyzing skills. Yeah. Yeah, I really agree with what Ari is saying because it's just like driving, right? When you learn how to drive, it really doesn't matter which vehicle are you driving. The same skill set is applying to, you know, her ability to analyze a chart, right? And from a chart pattern, she can use the same skill set in the stocks, the options as well, and she apply it accordingly. But just like what she said, because options, you do require slightly more additional criteria. So I think if you are a complete beginner, right? For day trading, start with stocks, which I think it's simpler to get started. Yeah. So Q and Fat, Bunny is asking, oh, how can I join and learn? I think people are very... Very Q and Bunny. Very Q and Bunny, and then Q and Bunny is ready to learn from you. I think later on we can share a little bit because Iris, she is holding a very, very exclusive masterclass that it's going to be the last masterclass for the year, correct? Yeah, yeah. So you guys are very lucky to actually be able to join in time because this really will be the last masterclass I am conducting. Yeah. Yeah. So that's why I purposely asked Iris to come out today because today there will be no more Iris masterclass until next year. So you don't want to wait for like until next year, right? So you have a few more months. So make sure you grab the opportunity when later Iris share about it. So now Q and Bunny is also asking, so if she has or he or she has zero skill, is it still something that can be learned? Yes. Regardless of whether you have some experience in either investing, stock trading, options, trading, I think one of the things I really love about stock trading is that it's pretty fair anybody can get started and anybody can learn. And that's why when it comes to my class, my workshop, I also make sure that even if you have might have some experience but whatever I am teaching my students is really from the scratch because the reason why so many people are not trading successfully is because from the scratch, there's something that's fundamentally wrong. So that is why how I structure my workshop is also something that very comprehensive. If you have zero skills or zero experience, I think that's even better because you are coming as like a bank piece of paper. So you can just absorb like a sponge, you just absorb, right? If you have some experience, then of course put aside whatever experience that you have at the moment, try to be open and learn. And after that, whatever your prior experience that you have, you try to put it back again, you will see in a totally different way and you will benefit even better. Yeah, I really like what I really say because a lot of times if you have learned other things, you might have baggage. That's what we see in a lot of students as well. They may have pre-concept of how this should be used, how this should not be used, and end up that hurt their learning journey, right? And that's why they are unable to get the consistent result. But if you are open-minded and humble enough to take in and really absorb, that's how you will see results much, much faster as well. Yeah, so right now, I think there's a very interesting question as well, which is Nicholas asking, so what is the success rate of your student? There is a question I actually get to ask pretty often and it's also a question that I tend to ask when I was in your position, Nicholas. So I think to let you see this in a better way is we put aside those people who don't take action. I mean, for me personally, I value serious action takers a lot. Why? It's because if you don't take action, there's no way you can benefit. So what I can tell you is that, Nicholas, number one is that for all my students who take action, the success rate is super high. I would say close to 90%, why? Because I know about their results, right? But I can also let you know that if people don't know the way how I treat, sadly speaking, because I was in their position as well, if people don't know about the right way of trading, the success rate for them is close to zero. Why? Because I've been there, I struggle almost close to four years and luckily I didn't give up. So stock trading can be like a double-edged sword. If you do it right, it's something very simple, right? It's not complicated at all. Anybody can ship anything from that. But if you do it in the wrong way, then a lot of people actually, they have bank account bankrupt more than once. For me personally, not proud to say that, but I bankrupt my account almost twice. And I try not to remember that, but the emotion like keeps sticking with me. I think that is also a good thing, because the time I was young, so I didn't have a lot to lose. But because of the negative emotion, that kind of make me focus on the importance of the risk management. So regardless of what method that you're applying, but the most important thing for all of you guys out there is to succeed, right? Your account first have to last, you have to always remember that. Risk management is the most important thing. So can everybody type R in the chat, okay? R is really about managing your risk so that you have the ability to survive, right? And on top of that, because you have the ability to survive, you learn the right skill set, you have the ability to try, right? And I think it doesn't just limit to trading, right? It applies to investing as well, because a lot of time people anyhow invest, they never really learn properly and they do invest in lousy businesses and end up wipe out their entire account as well. So I think at the end of the day, most important is really learning how to do it, right? And just like what Iris said, be open-minded, right? If you are open-minded and willing to just really follow step by step, your chances of success is so, so much higher because you have seen Iris, she has done it, right? And her students have done it as well, right? And I'm also very curious. So Iris, just now what you shared was 2023, which is this year, right? The market has been really good because it has been recovering, but I know last year, 2022 was a very, very painful year for many, many investors as well as traders. So what's your result last year? 2022, 2022 is just another normal year for me. I added 108,000 about there to my profit by end of the 2022, yeah. So it's about the similar things just now you saw, but yeah, so end of the year, it's a total of 108,000 profit in 2022, even though the whole market was like that. Yeah, yeah. So does it mean that when you're doing day trading, do you also like shop the market? Also like shop certain stocks? Do you do that? You mentioned something that is in fact, pretty important, right? Most people when they think about buying trading stocks, they think in one direction, which is to buy at a lower price and sell at a higher price. So we make a profit, right? But stock trading is something that can go either direction. So just what you mentioned about short, right? Short means for those of you who are new is that we are short selling a stock and benefiting when the price goes down. So we are betting that the price will go down and we are like betting in that direction. So you can do that in stock trading as well and how you do that is exactly the same as how you buy a stock, just like everything is opposite. So yes, I also short stocks when I do day trading. So to me, I have no so-called preference in terms of buying or shorting the stock, allowing or shorting the stocks. So long it gives me whatever I want, I'll just take action on that. I just now when I mentioned, I built up the watch list about 10 stocks. So the 10 stocks usually is about seven stocks or five stocks on the long watch list and about five stocks on the short watch list. So I'll focus on both directions to see where the money is and I'll just take action on that. Wow, wow. How many of you love this flexibility, right? If you love that type, tea in a chat, tea sense or trading love, but then very importantly is you have to make sure you really follow the proper setup, like what Iris said, her shopping list, right? Watch list five are generally long, that means like buy low, sell high and then the rest it's like sell high, buy low, right? Something like that. But she follow a proper process. So it's important that you also follow a proper process in order to do it consistently. Now, for a chat, it's a very interesting question. Over the years, right, did you come out this method by yourself or like did you learn from many different, you know, good expert traders out there to formalize what you are learning today, what you're applying today? I didn't invent anything myself. In fact, right, just like most of you are there, you know, when I get started, I, you know, I try to figure things out myself, but I didn't manage to do that. Unfortunately, right, I wish I have this ability. So I learned from, I pay for so many people, I learned from a lot of trainers, gurus, and you know, even though I have met a lot of not so good ones, but also was fortunate enough to actually make a couple of really good ones. And that is so basically for my strategy is like an essence of whatever they have. And I try to actually, you know, refine it to make sure that it actually works for me because their strategy actually takes too much time, require me to stay at the screen. For me, back then I was, I was still holding on to my full-time job and I couldn't really stay in front of a computer for long hours after working for the whole day. So I need to figure something out for myself, right? So this one-hour day training strategy is, in fact, it's based on whatever I have learned from my precious mentors, their experience, their wisdom. And from there, I kind of refined from there with a lot of tests and errors, you know, over about total of three years time. And eventually I have, you know, have something that is pretty solid and given me about more than four years of consistent results. Yeah, so I didn't create anything by myself, but it's actually based on other people's wisdoms and the intelligence. Yeah, and as you can see, right? I wish it's somebody very humble, even to today, who is still learning. Because like, I was just chatting with her. I say, wow, you know, like you're getting such a good consistent result already, right? Like she said, no, I'm still learning every day. So that's why she continue to level up, right? So I hope you guys can see that, you know, learning never stops, right? You need to keep on improving. And that's why for Iris, like even until today, she keep on improving so that whatever that, she felt that new things that she learned, she internalized it, she find it really helpful. She continue to share with her students as well. So her methods are also evolving, right? Just like we human beings, we are constantly evolving. You should keep on learning to evolve as well, right? And until that you find something that's very consistent for yourself, you keep on doubling down on that and then also continue to improve to further hone your skill set. Yeah, so in the meantime, I think some of our audience are also getting very curious, right? Some people are asking, oh, when is your class starting and all this? So do you mind sharing with us when is your class? Class as in the workshop. Yeah, the workshop, like when is your class, yeah. Yeah, so I am holding one last workshop for this year in November. Yeah, so the date is 4th and 5th of November. That is your two day class because in order to really understand step by step, how Iris, she does a trade setup, how she screen out all those watch lists, all those criteria, needs time for her to explain step by step. And also I think during the class, you will also do trade demonstration, right? So that your students can really understand your thought process, correct? Yeah, even better, I actually decided to give my students a bonus. So basically we will gather before the workshop one day before, so which is the Friday, we will do live training together. Yeah, so my promise to my students, I mean, I only started teaching this year. So for me, I'm not really a trained teacher, but what I want is actually to bring across the knowledge and the skills that I have to let it benefit as many people as possible because your stock trading can change my life and I'm no one special, I believe it can change your life as well. So in the two day workshop, what I am aiming to do is to really teach my students wholeheartedly everything I know about stock trading. Today we might only talk about day trading, but actually, you know, just I mentioned is stocks or options, these are just a vehicle, but what matters most is, you know, the chart. How do you decipher the stories? I love to use this analogy is that when you look at the charts, right? It's as if you're watching a movie, right? Every candle state is like an episode of the story. And what you are trying to do is to base on the story told by the candle state, right? To try to, you know, decipher what is the next move. If you're right, then you'll make money. If you're wrong, then how can you manage when you are wrong, right? So you need to have a system to protect you from that. Yeah, so what matters most, right, is how you decipher the story told by the candle state. That is something that, you know, I would like to kind of embody this skills to my students. So basically the essence I've learned from my mentors and also plus my eight years, close to nine years of trading experience. So that's why I need really time. It's not like one hour I can finish, I need two days, right? So that, you know, I can really cover whatever topics or concepts that I can cover. Yeah. So many of you are interested to learn and learn from Iris step by step. You've got interested type I in the chat. But I think it's also very important that before you decide to really embark on this journey, right, because it's a two full days, you know, your time is precious, Iris time is precious. So she also wanna make sure that trading is something that you indeed see yourself doing it, right? Before you even commit two days together with her. And that's why even before the two day class, actually you are running your one last, one last webinar as well, right? To share with students about the trading system, to see whether it is something that's suitable for the correct? Yeah, we actually had this session like just in time because the master class or the bonus session for the public, it will be held tomorrow. Yeah, so it's just in time. So tomorrow will be the last master class, which is a bonus session. Yeah, that I am holding for the public is to actually share with you, you know, the proper ways of, or the insights of how you can potentially, you know, trade one, just one hour a day and create a daily income, right? So I think something I forgot to mention about the difference of stock trading or day trading versus investing is that day training, right? The objective is to create income. So if your goal is to create income, right? Better investing cannot do that, right? Because your money can be easily stuck, especially during times where, you know, for example, last year, the money will be stuck for the whole year because there's never come back. Where by day training, where it's something that if you're ending for creating daily income, it can really give you really handsome daily income. So that is something that I want to cover in this master class and also to share with you, you know, how I trade stocks because I believe those are the things that is very important, even for the, it doesn't matter whether you are my students or not, but I think it's important for the public to know about this because these are the, I would say, the secret of our stock trading that you don't want to miss out. Yeah, all right. Just like what I really said, there are a lot of advantages of being a day trader, but in order for you to profit consistently, you want to make sure you learn it properly first. So that's why tomorrow, like, that's why we purposely arrange it for tonight, right? Because tomorrow will be, she will be doing it. If you miss it, we really don't know is she ever going to do it again by end of this year, because November, it's the last one already. Okay, the last one already, yeah, guys. So if you miss it, that's it, you have to wait until next year. Then like, you literally miss a few months of, you know, doing it correctly with her system until next year. So really get started. So the link to join her tomorrow's last one, the last free master class, tomorrow what time now? Tomorrow eight o'clock. Eight o'clock, okay. Same time as today, eight o'clock. I see, all right. So that is the link. I already put it in the chat as well, rebrand.ly-slash-iris-masterclass and fill out the form so that Iris will be sending you the exclusive Zoom link to join her free masterclass tomorrow. And then of course, after the one hour masterclass sharing, she will share with you her system step by step. But if you do want to have her hand holding you and really break down a lot more in detail, then she does at the end of the one hour share with you her two day workshop as well, right? So I think that's how most of, that's how her students, right? Really go through the journey with her, right? Because one hour is definitely not enough. Like what she said, she really need to break down a lot. So that's why there's another two day workshop followed by that free sharing. But most importantly, get yourself to enroll in a free workshop first to see whether it is something that you yourself want to do, right? And if you see yourself doing it, then join her two day class so that she can really guide you, right? So in the meantime, some people are asking, what platform do you use? Yeah, so last time, one of my favorite option is Think or Swim because I really like the chatting facility. But until a couple of months ago, it's kind of given me a lot of issue in terms of lagging in the chat. So I actually switched to Trading View. And then a couple of months later, Think or Swim now having the new announcement that they want to focus on accredited investors only. Yeah, so I was sharing with my students, actually a better combo for most, which applies to everybody is to have Trading View as the charting analysis. And then you can use interactive focus for your audit execution. So if you ask me what I'm using now, I'm using Trading View for chatting analysis and I'm using interactive focus for audit execution. All right, so in the meantime, Ryan asking for tomorrow session, is it for new students or is it a refresher for older students? All right, have you joined Ivy's class before? Yeah, I'm not sure. The Morse master class is like a, I would say more like an entry level class for the public. Yeah, so Ryan, if you are my students, right, I'm sure you have attended similar sharing sessions before. So yeah, so you will be similar. But if you want to have a refresher, you can count me as well. Because every time when I see the chats, I will say different things. Because when I see the chats is really, I will get very excited. So depending on the crowd, how experienced they are, then I will control the depth, the level, how much I want to go into. Yeah. You made me excited already. Jackson is asking, what is the minimal capital required? So I think just now, I really stick cover this question in terms of the capital size. Some people just start with a few hundred dollars, a few thousand dollars. It really depends on you, right? But most importantly, it's not about the size of the capital, but your level of expertise to utilize your capital well, right? So that's why make sure you get started properly first before thinking about how much to pump in, right? So now also Derek is asking, what is the cost of the workshop? So tomorrow's class is completely free of charge, right? So that to make you see what is the, is this something that's suitable for you? And whether do you see yourself, you know, finding this system to be applicable for yourself as well, right? But then subsequently, after this one free one hour sharing, Iris will be sharing about her two day paid program, right? So then Iris will be sharing some exclusive deals for you guys, which I think she will only review tomorrow. Is that correct? Yeah, that's correct. All right. So in the meantime, yeah, any last few questions that the five, I thought you need at least 25. Oh, PCC, do you need 25,000 to get started? 25,000, right? PCC is right. 25,000 is the PDT rules, which is the pattern day trading rules, right? So if your account size is less than 25,000, there will be certain restrictions. For example, the number of day trades, right? Day trade means you open and close the position within the same day. So if your account size is less than 25,000, you can only take three day trades per five trading days. So why I say the minimal account size is not an issue because I mean, we can be very flexible. You can have multiple trading accounts and each account I will give you three products. Yeah, so that's why, you know, when you are first started, if your account size is really small, you'll just have multiple accounts, right? If you're doing it right and doing it well, I'm sure in no time your account size will grow from a couple of hundred dollars to 25,000, and then you won't face this issue anymore. Yeah, exactly. Or I hope that answer PCC's question. I think that's a very, very good question. And in the meantime, Iris do have any last advice that you want to give to our audience here. I think like across 100 of them are very, very attentive. They're super participative until now. Do you have any advice for them to become a better trader? Advice for them to become a better trader, right? I will say that if guys tomorrow, if your time allows, right, do come for the master class. Yeah, because I really have, I will say good contents that prepare for you guys. It will change the way how you see stock trading because I trade differently from most people. Yeah, so whatever I'm sharing with you, you won't be able to hear it from anywhere else. So if I was to say the best advice to really come for the master class, if you come make it for tomorrow, right, then I will say that to always remember that when it comes to stock trading to succeed, your account first has to last. So risk management is very important. Risk management is very, very important. And you need to have a proper system, right? So actually it just occurred to me one important thing, which is also something that helps me to come up with this trading system I have to be so confident about my system is that you have to track your trades. Whatever trades you are taking, you need to know about your so-called your success rate, right? Somebody asked me, why is my success rate of my students? So same thing comes to trading. You need to know what is your success rate. Put it this way, right? Imagine that, is that for example, we're flipping a fair coin, we're flipping a fair coin. What is the rate for us to have a hat, 50%, right? What is the rate for us to have a tail? It's also 50%. Imagine that, okay, so when you're flipping a coin, you won't know whether you will have a tail or a hat. But let's say a hat means you win a trade. A tail means you lose a trade. But as you are flipping a coin, right? The sequence could be a series of tails, which means a series of losing trades. But will you be worried? You won't, because you know it's a fair coin. You know by probability, right? 50%, all you need to do is just keep on flipping, flipping, flipping. But when it comes to trading, it's the same thing. But if you don't track your trades, if you don't have a proper system, when you have a series of losing trades, that's how you will feel panicked, you'll feel demoralized, you will kind of lose your hope, right? You will question whatever you have been doing, and then you will give up. So I would say that for those of you who are just getting started, one important thing for you to do is to track all your trades. It will help you. This one tip along will help you, as in terms of refining your trading system, maybe you will come up with a better one than IM, yeah. Wow, thank you so much. And I totally agree with what Iris said, right? In terms of trade journaling, right? This is what we always emphasize to our students as well. And that's how you can see why Iris, she is able to immediately pull off her results to show us is because she has been tracking it, right? Imagine she doesn't even track her trade, right? How much profit, how much losses she made, she will never be able to show us, right? And that's why, like, when you see that she is doing that, that means it's something that you should start doing as well in order to become a better trader in performance, right? And I believe she will definitely teach you much more during the one hour sharing as well, as well as definitely her two-day workshop, right? So if at the time tomorrow will be the last class that she will be conducting for this year, right? So if you miss it, really that's it, right? We really hope that you can end your 2023, right? With a bang. So if you always want to get started your trading journey, but you don't know how to get started or you have no confidence, or maybe you have been trading, but you have been struggling all along and you just don't get consistent result, then do join Iris master class because she is somebody that really walked the talk and on top of that, she really give all out to her students. So I'm very, very sure that you'll be well taken care of, so how to join your, Jasper immediately want to join the interview expert level class. So Jasper, go for the pre-session first, to see for yourself. And then if you want Iris to guide you more step by step, then join her two-day peak workshop, right? That is where she really go through way more in depth in terms of intermediate as well as the expert level, right? So Jasper, I think you already registered. So very good, go for the class and you will definitely benefit a lot more from that, all right? I can see that there are also a lot more questions about brokerage account. So I think tomorrow after Iris session, there's also some additional Q&A time. So if you have additional questions, feel free to join her workshop tomorrow so that you can ask her too, right? Because it will be conducted via Zoom, right? So she will get to even see you guys when you switch on your camera and you get to participate together with her as well, right? So thank you so much Iris once again and tomorrow it's a online Zoom class, okay? Tomorrow it's an online Zoom class. So just need to register via rebrand.ly slash Iris after class. I'm just going to put that inside the chat one more time, okay? Copy down the link and put it in the chat and register via the Google form. Once you register, Iris will be personally sending you the Zoom link for tomorrow, all right? So that you just need to get prepared, prepare your computer, 8 p.m. she will start shop, all right? So thank you once again everybody for participating actively and if you guys learn a lot from Iris today, can you type I in the chat, all right? I really learned a lot from you and thanks so much for inspiring, I think every one of us to get started this journey and really most importantly as we get started, do it properly. So thanks for also teaching us and guiding us along the way as well. Yeah, thank you so much Kelly. Thank you so much Sam. Thanks everybody for coming here and we will see you tomorrow during Iris Masterclass, all right? So have a good night everybody. Thank you. Bye everybody.