 Perfect. Perfect. Let's get this show on the road. How about that? Sounds wonderful. Perfect. And hello, everybody. Hello, everybody. Thank you for tuning in tonight. I'm really excited. It's my very first podcast slash interview. My name is Giovanni. I'm from Spy Options Trading, of course. And I'm really happy and excited to introduce and welcome Lindsay Duff from Responsible Day Trading. Lindsay, for everybody hearing your name for the very first time, go ahead and introduce yourself, please. Hello. I'm Lindsay Duff with Responsible Day Trading. I don't know what should I say about myself. I've been involved with day trading for close to about 15 years now. I've seen a lot along the way. Yeah, absolutely. I'll tell you how about you tell us how you got started in the stock market. What sparked your interest in day trading? Well, it's a little bit different probably than most people's story of how they got started. I actually have a criminal justice degree, knew nothing about day trading. I did originally want to go to school for teaching, so that's something that I do enjoy. But I was a bartender with a criminal justice degree and a recently single mom of two. And I happened to work at a restaurant where a guy that I worked with, his brother owned a company that taught people how to day trade. And little by little, they were kind of taking away the guys that were really, really smart there and pulling them away and teaching them stuff over there. Well, I happened to corner the owner of that company one day and said, I know all the guys that you hired and I'm way smarter than all of them, so you need to hire me. And I was hired less than a week later. I'd never seen a marketed day in my life when I got started with them. And they sat me in a conference room for about three months and taught me everything from the ground up. And in that time, we ended up rewriting their curriculum because the grammar was a nightmare and some of that. And I actually ended up redoing all of their videos in my voice. I guess they thought a woman's voice was a lot more pleasant for guys than a guy's voice. I don't know. Everybody can agree with you on that one. So whenever, you know, when I first got started with that company, and I'll be very honest about this, I don't believe that I should have been teaching those classes when I was. Now I look back and see that at that time I didn't, oh, there's nothing wrong with this. I learned there's someone sitting next to me kind of feeding me the information of things I didn't know to say in these classes. And these guys were paying $16,000 to lease indicators. Oh my gosh. Yeah, things like AMACD and EMAs that, and it was insane. Okay, I didn't know then because I had, I was, I think that's why they brought us in like they did because we were all fresh and new to the world and had no idea that it was, that if these guys really knew the type of people that were teaching them had no idea what was going on. And I think some of them did because I remember some of them talking to me about what I told them they should put in on risk. And on the rustle at the time, he's like, Lindsay, that's $400. You don't even realize what kind of risk that is on some of these accounts. So I'm like, oh, well, the risk to the reward profit. So, so what I did is I sat in, I taught the beginner class for almost a year, twice a day, I went through the entire curriculum with new students or people who were looking to be new students. So I knew that thing like that back of my hand after a year, you know, because I was teaching it every day and I was having these guys were asking me questions that I didn't really know how to answer. And I had to really think about giving them the right answer. You know, I didn't want to give them something that was just junk. And if I didn't know it, I had to go to the owner or whoever was there and say, hey, I need to answer this question for these guys. Well, eventually I understood what I was doing and I did end up going to working with three other companies along the way over four. I almost just left the whole business behind because, you know, you see a lot of these guys and they're more interested in stuff in their pockets than really creating profitable students. Absolutely. So it sounds like you got started in trading by teaching it first. Yeah. That's interesting. Isn't that crazy? It's awesome. Actually, it's awesome. Actually, that's probably a good way of starting. Not bad. Not bad. It is. I mean, in the beginning, I didn't have to go through that fear of losing the money, you know, because it wasn't something that I was... It was just like, well, you know, this is just the way it goes. But that came later. Absolutely. That came later. Wow. Amazing. And so you started with this new company and how did you end up actually being able to place trades and make money or lose money? Well, let's just tell you, my first trade, my first ever live trade, I didn't know I was live. Wow. That's a good thing, I think. No, it wasn't. I lost so much money for the company that I was working for. He comes running in, what are you doing? I'm like, I have no idea. Because we were trading on trade station at that point, and we were using the order matrix, which was a nightmare to even understand how to use, which that's why I love Ninja Trader because you can trade directly on the chart. Now, how long was this ago? How many years ago? This was before the Russell went to the ice exchange. So it had to been 13 years or so ago. Wow. Okay. 12 or 13 years. Yeah. So, you know, I'm just in there, not even knowing what I'm doing, just trying, because he's like, today we're going to stitch you in here and you're going to be able to play with the simulator and da-da-da-da-da. I'm like, sweet. He somehow accidentally had me on a live account, and I was just clicking buttons, not even knowing what I was doing. Wow. And he comes running in freaking out, and he was like, thank God I had a cap on it because it would have been $3,000 in about 15 minutes. Okay. That's relatively speaking not terrible. Not terrible, but not great. Yeah. So at least it wasn't your money, right? Yeah. True, right? I lost my first account. It was probably a couple of years after that, my own first personal account. Wow. Amazing. And then, because I believe, I kind of think that's a right passage for a lot of people. You have to lose some money in the beginning to, well, you don't have to lose money, but I think that a lot of people do, and it has a lot to do with fear and anxiety, and it has nothing to do with their understanding of how to trade the market, as everything to do with whatever's going on between their ears. Absolutely. So awesome. So you started basically teaching trading, and you accidentally placed a trade, not knowing, that was your first trade, not knowing that you were actually trading. That's an interesting story. I placed many of them, not just one, I was in there just clicking away like, ooh, what does this do? Oh, what do we do when we do this? That is awesome. That is awesome. Cool. That's how organized that company was. There you go. Too funny. That company is still around too. Is it really? Wow, let's not name any names, but that's interesting to know that it's still around, and are they thriving? That's the question, are they thriving? I don't believe so. They used to be out, well, they were out of Texas, and we had a full office, a call center, there were like six or eight educators, there was a whole cell center and everything, and they were selling it for $16,000, or leasing it for $16,000, but since I remember they had to sell off all those stuff, and they had eight cars, but I just sell off all those, had to close down the office and go down to two people, and I know they moved to California, I believe, last I heard. So it sounds like they weren't very profitable, but were they making more money just out of curiosity? Were they making more money off of their services or off of trading? Oh, absolutely off of services. Man, that's interesting. I would only see the owner trade, and when I would kind of look over his shoulder and watch what he was doing, it was nothing like what we were teaching, because I think that what they were teaching, and what quite a few companies teach, they teach like an idealistic trade, like when XYZ happens, then you enter the market. Well, I've come to realize that each trade is more like a fingerprint. I'm looking at five different charts, and each one has a little bit of the element that tells me it's time to take the trade, and it never looks exactly the same. One of them may be doing one thing while another is doing another, and the next trade, those may be giving complete opposite signals, ones doing what the other one was doing, you know what I mean? Divergences and slowdowns and pullbacks and those type of things were just put together to make that fingerprint of the trade. I got you, absolutely. Now, this kind of goes to what we're talking here. What's the first thing that the markets taught you just in general? What's the first thing that the markets taught you? The first thing that comes to my head is patience, but really it's probably humility. When I think I go to patience, well, because it should be humble just to sit back and breathe, because what happens a lot of times is I absolutely attribute being able to trade into like, you have to harness everything. You can't be, your mind can't be in 15 different places. Sometimes it can, especially if you're not going to put, you know, if you're sitting there staring at it so much that your face is just up in the screen and you can't sit back and just breathe and see the bigger picture, you know, you're just too much into each little movement. I struggle with that. And I do too as well sometimes and I'll catch myself as I'm doing it. I'll pull down to get into the trade and I'm like, wait a second. I'm not being patient enough. I need to sit back, I need to wait. And sometimes when that happens, I still miss the trade because it'll take off because I just convinced myself I'm not being patient enough. In the same breath, I don't care. I'll let that one go. I never ever feel like I miss out when I don't take a trade. That's a good point. That's a good thing to think about. I struggle with that myself. I get into trades. Basically, you know, the term is FOMO, fear of missing out. And I have to constantly tell myself, no, this isn't your trade or I get up and start doing something just to get me out of that idea that I have to take this trade. And it's a little bit different for me, especially since I'm recording in the YouTube channel and whatnot. I actually think about that as well and I have to stop doing that. Trading first and then my YouTube channel, second kind of thing. Absolutely. And then because you do have a mentor service, that's a lot of pressure that you can put on yourself. A big time. Yeah, absolutely, absolutely. Because you may be afraid of taking the wrong thing or something like that and you can't think that way. You start forcing yourself. Yeah, well then it becomes a show at that point. And it doesn't become about what I'm paying attention to. It's like, what can I show other people that I can do? And it's like, no, Lindsay, sit back. Who cares if you miss that trade? Who cares if you lose a trade, especially if you took it for a good reason and you managed it properly. If you took it for a good reason and it doesn't work out, you did the right thing still. You can't predict everything that's going to happen. The market's run by millions of people and it's all their emotions and their thought processes. And that's the one place, I think I told you this before, the market is the one place where you don't want to stand out. It's the place where you want to be in the crowd. Good advice. Absolutely. But it's also that you've got to pay attention. Oh no, absolutely. The market is a vicious place. It's a vicious tool to use. You've got to learn to... Don't think of it that way. Don't think of it as vicious. Absolutely. It's a pattern. You're watching these patterns happen over and over again and you can see when it's slowing down and pulling back and giving you enough time. Sometimes it gives you enough time to get in. Sometimes it doesn't. With those patterns, I have to evaluate what my risk is going to be and if my risk is going to be way too big, then I just let it go. I've chased it a couple times. I'd be lying if I said I didn't. I'd go, crap, my risk is not where it's supposed to be but I'm just going to let it go. That is why you're a professional trader and I am not. I struggle with that so much. That's the part of trading that I have yet to figure out. That's amazing when you can do that. Yeah. Basically, you want to put your risk where you don't want the market to go. You also want to make sure that that risk is worth whatever it is you're going to get out of it. If you have a good profit potential or you have an idea of where it may stop, you've hit the support area three or four times and it's pulling back and going back towards it again. When I get to the support area, I'm solid. I'm going to get out no matter whether it goes or not. I at least take my first target out, move the second one to a break even and let it run. Wow. Amazing. Absolutely. Tell us a little bit about your morning routine as a day trader. What is it? Do you do something every day the same way? How do you prepare for the day? It's not the same every day because I'd like to say I'm a creature of habit but I'm also a rebel. I don't like to be pushed into a box. I get up in the morning about 15 minutes before I'm going to take my daughter to school, make sure, hey, did you brush your teeth? Did you eat? Let's go. It's time. Drop her off and then I come back and sometimes I do a little bit of meditation. If I don't just do straight meditation, I definitely work out before because it helps me with clarity if I'm working out before. When I don't work out before, I struggle. It's sluggish. My thought process isn't on point. I mean, I can do it but it's just almost like a meditation too. The meditation is big for me and even if it's just five minutes, even if it's just sitting and breathing and picturing and telling myself, okay, today, we need to just breathe through things. We need to be patient. If the right setups happen, I'm going to be aware of it. If they don't, I'm going to let them go. I'm going to pay an attention is what I tell myself all the time. And sometimes I trade in the afternoons. I've been trying to make more of a habit of just doing the mornings so that I have the rest of the afternoons because, you know, just as well as I do, making these videos sometimes can take a little bit of time. Just uploading it alone takes like 45 minutes sometimes. Well, I've gotten to where I started editing mine a little bit more because I know on YouTube, people don't really want to watch an hour and a half long video. So I've tried to take it down to just 10 minutes so it's just seeing my trading. And then, you know, like I said, I started the vault on my channel or on my website to where I'm going to have the entire video on there for my students. And I think I used to kind of just sit and watch and not say a lot, but I'm trying to put a lot more education into those videos. So the thought process is a lot easier to see. Wow, that's awesome. Yeah, so so viewers can actually see what you're thinking, why you're doing certain things and whatnot. Absolutely. That's very helpful when you put that into your videos. And you're right. Who wants to watch long drawn out video recording of us just looking at the markets just staring at things go up and down, up and down. Yeah, no, absolutely. That's all good things there. Let's move on to your sort of trading strategy, your methodology. I want to start off by asking you first. So viewers at home now, what do you primarily trade and why? Just mostly the E-mini S&P. I just haven't ventured out a whole lot. I've looked at the other markets. I've actually helped students find the right charts that they need for them because on some of them you're not going to need a 10, 9, 46 chart. You're going to need something more along the lines of a 55 tick chart, depending on how fast or slow these move. But I guess, like I said, we started off with the Russell and when the Russell moved to the ice exchange, we moved over to the E-mini S&P. And I pretty much just stuck there ever since. I actually was sitting there thinking the other day like maybe I'll venture out into some other markets. I mean, in reality, they all move the same. It's just a matter of what chart sizing you need. And I'm big on Fibonacci numbers. I use Fibonacci religiously when it comes to my tick charts and my indicators. So they're Fibonacci numbers that are in the settings of those. And I have them connected in a way that one indicator, the small EMA on one chart is the large EMA on the next chart. So they're all connected when they're like that. And you can do that with other markets. And so I've been looking at them a little bit. I guess I'm just comfortable with the ES at this point. So it has nothing to do with volume or volatility. It has nothing to do with that. It has more so to do with what is Lindsay more comfortable training seems like. Yeah, more than anything. With that being said, you mentioned tick charts. I don't know much about tick charts at all. What are tick charts and why do you trade with tick charts? Well, tick charts and I have looked at other charts and John, I see you on there. I'm hoping to have them next week. It's just a lot of editing. But tick charts are, you know, we're using tick bars. And so each bar represents that say you're using a 610 tick chart. Each bar in there represents that 610 transactions has taken place. And it's not time related. It's not volume related. And whenever that transaction, you know, when that 610 transaction and that transaction could be one contract, it could be a thousand contracts. It's just the one transaction. You use the MACDs to see more of the difference in the volume. But that one transaction, when it's done, it gets counts down to zero. Plots a little dot on that bar. And then it starts, which is another EMA that dot on the bar. And then it starts, it starts the next bar. So what, to me, it shows more real time than anything. I have used minute charts in the past. We use the five and the 15 minute chart. But I just, I don't care for them as much. I feel like I don't get as much of a real time of what's happening. And pullbacks aren't as noticeable for me. The slowdowns with pullbacks aren't as noticeable for me. Whenever I'm looking at other, other types of bars or charts. That's interesting. Very interesting. I've, I've heard of tick charts. And then obviously from watching your, your videos, I've seen them, but I've never even thought about pulling up a tick charts by any means. Probably worth definitely incorporating into my own strategy. That's awesome. Well, and you do have to be careful. I'll be honest with you. You have to be careful with those, the smaller the tick chart gets, because it moves so fast. The way I explain it to my students is none of the charts are going to quote unquote light you. Right. Yeah. It's just going to be a much quicker movement. Look at the small charts, like little children running around the feet of the gentle giants, which is what I call my big charts, my 10, 9, 46. They're all going in the same direction. Just the little charts are running circles around the feet of the big charts. You know? Yeah. Yeah. So it may change direction a bunch. So you have to be careful that you're not trying to trade always in the direction of the smaller chart. It may be giving signals for, not necessarily giving signals, but it may have shifted our bias to the downside on a 55 or a 233 or a 610. But if I look at my 10, 9, 46 and my 41, 81 and my 15, 97, which is my trading chart is my 15, 97. I do kind of go back and forth between the 15, 97 and the 41, 81, because the bigger the chart, the stronger the area is. But when I'm watching those, I have to, it may be that the direction is showing down on my smaller charts and up on my larger charts. And the movement should be to the upside. It's just pulling back and being ready to snap back into that area. Interesting. It sounds like it works just like time duration, like a regular candlestick chart where the five minute, 10 minute might conflict with one another. But the actual trend is say the 15 minute chart. Okay. So it works pretty much the same. It sounds like. Right. And I have to be careful too with even my own wording and my thought process when I am looking at the trend. Excuse me. Because the overall trend may be to the downside, but the move is now showing us divergences and reversal bars and pulling really far away from the areas. And I look at those as magnets to snap back. So the overall trend may have been to the downside, but we know it's coming to an end. The problem with that and people have to be careful is that they'll continuously look for the reversal to be the first one in to go the opposite way. And yeah. So you have to start training yourself to not take each little reversal, maybe even wait for it to start moving in that area and wait for the smaller charts to give you a lower risk entry to get in the tiny little pullback to get in on it. This brings up an interesting question. I was going to ask you this anyways, but you mentioned reversal. What type of trader are you? Are you a reversal trader, scalper, trend trader? What do you primarily look for? I like to say that I flow with the market. I used to consider myself a trend trader. Absolutely. I used to always look for the pullbacks to, I mean, we used mid-bands with the Keltner channel at that time. And I've worked with quite a few companies that use the mid-band and the Keltner channel, which the mid-band is the 52 EMA, the smaller EMA on all of my charts. So I used to look at that religiously, like it pulled back to it, it touched it, it's above it, it's going to go up, right? Not paying attention to the MACD saying, we're going to smash through this area. So I would keep the trend, the trend, the trend is going up, it's going up. So it pulled back into that area and blindly, you would get in because that was what I was taught to do. Okay, well, pulling back to this area, it's touched it. You should already have a limit order waiting there and get in or whatever it may be. And I'm just like, no. I was losing too much doing that. It felt like I was losing more than I was winning doing that. So I try not to think of myself as, do I trade with the trend or against the trend? I try and think, okay, what is it telling me which direction it's going right now and where is my next possible area for a bounce if I'm going to take a short trade? Where am I going to look for this to bounce it back up? So I have to evaluate how far I have to my next area. Okay. And if I have the balls to take it at that time. Because sometimes if it's a very quick one, I'm like, oh, I'm not going to do it too fast for me. It's not enough space. I need some more space to run. I need like four or five points, not two. In between that and the next spot, you know? Absolutely. No, I completely get it. So that brings up to sort of another question. As far as your profit, your take profit, what are your targets in trying to, are you trying to make 5%, 10%, 20% or does that fluctuate? It absolutely fluctuates. I never, ever, ever, ever try and think about how much I need to make in a day. Because if I do that, if I think, oh my gosh, today I've got to walk out of here with four points, I'm going to walk out with a losing day is what's going to happen. Because I'm trying to make it happen. Yeah, I got you. I know guys who have a two-point goal each day, I think that's not a bad goal to have. My first target is always set at two points. My second target is always set at three. But I always move the second target further. It's funny that you explain it in points. Explain to me, what do you mean points whenever you're thinking about trading? I'm thinking, yeah, the E-mini S&P two points is $100. There you go. So it's $50 a point. So I'm looking for, you know, most people are looking to start off making $100 a day. So my first target is set at $100. My second target is set at $150. So it's set at three points. Once I hit my first target, a good majority of the time, I move my stop to a break even. If it's in a bad area where, you know, I say where you want the market not to go, where the markets could still go back and still push in that direction, sometimes I'll wait a little bit longer to move it. I do hover over a close button. So if it is pushing, so say it's taking my first target out, and it's pushing up, and I can tell it's not going to quite make it to my next target and it starts pulling back, I may go ahead and hit close. Because, you know, if you move the risk up, and you move that risk to the same spot that the price is, it won't let you close it out. You have to be one tick behind there. And so you may find yourself just moving one tick more. You know, so I just hit the close button. Interesting. Okay. So it's almost like talking about spreads. Well, in my trading, you know, I talk about spreads getting into like an option. The spread might be five cents between the bid and ask. Is that somewhat what you're talking about? Um, you mean, so you're saying it's five cents between where you're looking to get in and where you're looking to get out? The spread in, for example, the bid and ask of the actual contract, or you know, if you're trading the underlying stock, the bid and ask could be a lot different. Um, sometimes it could be five, sometimes it could be 10 cents, depending on the volatility. I'm talking about options here, but when you're talking about... Yeah, I don't trade options. I haven't worked with options ever really, so I'm sorry. Really interesting. No, I mean, I have really only worked with e-mini, S&P, Nasdaq. Um, I mean, like I've seen some, it's just all futures markets that I've worked with. Gotcha. Interesting. Yeah. So let's, I want to ask you because I have trouble with this myself. Okay. How do you handle a losing streak? Well, so a losing streak for me is never more than three trades. Um, so I, if I trade more than three trade, if I trade three trades and they are losing in a row, then I know that I'm not paying attention to what's going on. So I stop at that point. Interesting. You're saying maybe you're losing because, not necessarily because of your strategy, your methodology. It's more so like a mental thing. 100%. Wow. That's awesome. That's, wow. Because it tells me that I'm not paying attention because if I was paying attention, there's an, okay. So the most I've had in a row in very long time is two losing trades. Um, because once I get to my third, I'm done for the day and I haven't had a done for the day in quite some time. Wow. Um, but those first two sometimes I'm like, okay, I got in a little bit early. I chased that one just a little bit. I'm waiting for the right moment now. You know, now I'm like, okay, I can see what I'm doing and I try not to really evaluate my trades while I'm still trading, but now I can look at it and go, okay, Lindsay, you're not paying attention. You got in a little bit early. You need to wait for that pullback because I'm always waiting for a pullback. I'm always waiting for some sort of either roll off the zero line in the MACDs, not necessarily the zero line. Sometimes it's higher or lower. Sometimes there's a lot of distance to the zero line. Or I'm waiting for a pullback with something like a divergence, which you're familiar with divergence, right? Yes. Like the price in the MACDs or one's telling you, the other one's telling you down, or retracement divergence. Are you familiar with retracement divergence? No, I'm not. Retracement divergence is amazing. It's like when they both pullback. So say both the price in the MACDs both pull up, but the price pulls up almost, you know, say 75% of the original move. And the MACDs only pull back 25% of the original move. The MACDs are like, oh, coughing, getting up there like, nope, we're not doing this. And coming back down. So those are big, those with reversal bars, pretty much my bread and butter. Well, you keep saying the MACD, the MACD, the MACD. Obviously you trade with the MACD, are there indicators that you can tell us that you trade with? I have the MACD, moving average convergence divergence, if anybody doesn't know what that means. Even that is still a mouthful. And I use two EMAs, well, three EMAs if you include the clothes on the bar. Right now I currently have two MACDs because I was getting one of my students set up with his charts. And he's like, well, here's the MACD that I found. Because I have the MACD on my website. I mean, it's free for anybody to go and pull it off and look at it, right? Awesome. Well, I have the MACD, I actually have how you set up your charts like mine, absolutely free on my website. So no one has to like, you can go and just learn how to use Ninja Trader for the first six videos and never look at my stuff again, which is cool, I hope it helps people. Absolutely. So he actually had another MACD that I've never seen before. It was just the way the dots change colors differently. And I fell in love with it. Like immediately I was like, what is this? And so I actually have both the MACDs on my charts now. If I could find a way to overlay those in the way that I want them to overlay, I would just have one. But they both change colors and both of them have significance when they change colors. And I just use that and I use two exponential moving averages. Well, three, like I said. The third one is the close on the bars and that's just a one EMA. It's all that is. So I just put, yeah, that's all it is. It's a one EMA and then we use a 55 and a 144 EMA. And that's it. Wow, right. The one EMA, I've never heard anybody using a one EMA. That's interesting thing. Let's see here. I wanted to ask you who do you trade with? Who's your broker? What do you use as your platform? So I'm using the inter-trader for the platform. And I'm using Dorman as my platform. Did it take you trying out many brokers before you found the one? No, I just used what an inter-trader had and it was after being in the business the way I was for so long, I did sales for a couple of companies, I did education for a couple of companies, I did sales and education for a couple of companies and I'm pretty sure I set them aside for now. But I was extremely lucky, blessed, whatever you want to call it, that I was able to come in the way that I did because I got to see everything from the back end. Everything. I got to see where different brokers, people had used, I got to see all the mistakes that different traders had made. I was asked to write lessons of stuff. I had to just look at this and go, okay, what's a lesson I need to learn from this today? What is something that I can teach other people? We were teaching each other in the educators. We were having to learn lessons and say, okay, and then having to go back and find 500 examples of it working out and understanding how that worked together and things like some stuff that I use in my curriculum absolutely right now, like when the price pulls too far away from the MACDs I'm sorry, when the price pulls too far away from the EMAs how those EMAs work like a magnet and it's going to snap back to it. And the same thing happens in the MACDs. That's actually how I fell in love with the MACDs because I realized that they are the only indicator that are real time. Everything else is lagging, everything else is off the EMAs and all that, it's off of what's happened in the last 100 bars whatever X amount of bars, right? The MACDs create a BB for each price bar that is being printed. So that BB is in real time with that price bar and you don't get that with many other indicators. And they also told me that the MACDs were hardest for people to understand divergences and things like that and I'm like, we're changing that. We're going to make this easier for people. MACDs and I'm making notes for myself too in my trading, this is very helpful. They all came up with nicknames with people at one point in time, right? Who was yours? Mine was the MACDiva. Hey, that's pretty good, not bad. Not bad. You should put that as like your Skype name or something. MACDiva. Or your license plate, something. Oh lord. Oh right, let's see. I wanted to ask you, again, like these are things that I struggle with myself. I'm sure a lot of people struggle with this as well, but how do you deal with this? Well, before I ask you this, how much do fundamentals and news events weigh in on your trading strategy? Let's start there. As for news, I don't think about it too much. Like, okay, so I want to know when something like when we have FOMC coming out. When we have big news, it's nice to know. The companies that I worked with in the past would tell people that you need to be out five minutes before news and five minutes after news. And what I realized along the way is that really what was happening is that the market usually continued in the same direction. If you kept your risk in the same side, you wouldn't even notice news happens most of the time, depending on the size chart that you were using. Now, if you've got something like FOMC that used to move the market so big and it would slow down so you'd want to know. And you need to know when contract rollover is going to happen and things like that. So I do take a look at news. I only look at news that affects the U.S. dollar and I only look at high impact news. Yes, absolutely. I religiously go on forexfactory.com to look at upcoming events or news pieces or whatnot. And of course high impact news and I'm one of those traders that if there's news coming out set to come out at 10 o'clock Eastern time, I'm not in a trade. I rather not be in a trade and again, I just in my head I just I rather not go there I'll just wait. I'm okay with waiting till after the news piece comes out. Again, it's just my preference so to speak. Yeah. Well, one of the things that I love about what we do here is that it doesn't matter which direction the market's going. You can make money whether it's going up or down. Oh, yeah. I mean, you'll be amazed how many people don't understand that you can short the markets. I mean, I know people that know that but they think it's too risky. They don't understand. You make more money when it's going down because it goes down fast. And I know that sounds kind of almost like, you know, morbid like, yeah, well, when the markets drop it, but you know, we're not expecting it to drop down to zero. It's going to come back up. It's just, you know, and if you look at the market over the last four years, it's done nothing but go up. Of course it gets pulled back, but then it just goes up. I think in the last couple of weeks, you know, we've seen more down than we've seen in the last couple of years and with that being said, you know, just the slightest hint of a bear market, everybody goes crazy and as day traders we're over here, you know, come on, bring it on. Like that's where we make the most money. Absolutely. With that, I wanted to ask you, how do you deal you mentioned that you meditate? How do you deal with the emotional aspect of trading? All of my subscribers definitely know and seen my videos that I have. That's probably the biggest issue that I have is the emotional aspect of trading. Realizing that hey, you know, it's just money basically, right? But how do you deal with emotional aspect of trading? There's a lot of different kinds of ways. You know, it really is a mind, body, and soul situation for me. Mind, body, soul, and finances that everything needs to be working towards something better. That I don't beat myself up over trades because I can't make the market do what I want it to do. And when I realize that anything in my life when I'm trying to force it, I take a step back and have to look at it and say okay, what's going on in my head that I'm trying to force this? And that's where I came to the three trades in a row that I'm not paying attention. I'm trying to force something. Because the market may be flat and I'm trying to make things that aren't actually there. And I find myself whenever I do that in having to apologize for things that I may say out of line sometimes. They don't come back and say okay, I watch my videos. I do. I watch my videos and say okay, where can I improve a little bit on this? And I'll listen to what I say to myself. And I've told all my students you should film yourself because you'll hear what you say to yourself. And there will be times that I'll mumble under my breath like man, that's so stupid. Why would you do something? You know, and then it's like whoa, listen to what you're doing. You're making this about you. It's not about you. It is such a good actually that's a good sort of habit to get into. Not just obviously because we're recording our videos to put them on YouTube, our trading to put them on YouTube, but you should be doing that yourself at home. Just record yourself, record your screen in something to play back. And so you have you know something to go back and say, you know what? Yeah, there you go. Your journal. Absolutely. Absolutely. Because you will forget you will forget things about why you took trades. You'll forget about the way you felt during it. You will have felt, you know, maybe in the morning, you were on top of the world and you took a trade or two that sucked. The next thing you knew, you were revenge trading and you're 15 points in the hole or whatever it may be. You know? Then you may just wipe that from your memory and be like that didn't happen. Let's start over fresh and new tomorrow. And it's okay to start over fresh and new tomorrow but really evaluating what you did and why you did it makes all the difference in the world. You got to look back and say, okay, why and why did I do this? Why did I get like, you know, and I've been looking at other traders charts for so long I really can look at and be like oh, you got really mad in that part, didn't you? Because you clicked the button like 15 times. Why did you even press the button there? You know? I call that the click it and say a prayer method. That just doesn't work. Too funny. Interesting. Well, we're pretty much winding it down here but before we start the Q&A section, if anybody has any questions I want to ask you what does it take to become a full-time day trader? Confidence in yourself. You have to have confidence in yourself because well, there's so much really that goes into it. Confidence is the first thing that comes to my head but you know, you can be confident and still take a lot of bad trades, right? So you have to have you have to have patience. You have to... Okay, number one, don't think about the money. The minute you start thinking about the money is the minute you start handing it over. I mean, if you have a great day and then the next day sucks, it's all about the money. You know, like oh man I made so much money today and the next day like oh, I'm terrible, I lost all this money. So you're gonna not think about the money and you really have to think what is the right thing to do right now? What is it telling me? Am I looking at just one signal and trying to go with that? Am I looking at everything telling me that it's pushing in this direction and then having the confidence to pull the trigger at the right time? But in that same breath having the confidence to pull the trigger at the right time comes with experience of losing a lot. You know, you have to learn from that stuff. You have to take trades that don't win and you have to do that in simulation. You know, a lot of people just try and go in like I'm just gonna throw some money at this and the next thing you know they've lost everything and they go oh I'm a terrible trader and really they just didn't learn everything they needed to know before they got started. Gotcha, absolutely. Well awesome, thank you for that and I guess you kind of answered this question along with that but what is your number one piece of advice that you have for let's say beginner traders? Oh, it's definitely don't think about the money. Gotcha. That would be like you know someone just starting out fresh and new as a I don't know starting out at the bottom of the barrel at a business, right? Starting out at the bottom and you know eventually you want to make your way to the top but if you just think about the money to get you to the top, that's not going to do it. You've got to think about the time and the care and the maintenance and the practice and the learning and the understanding of the company to become that top dog. You know, you have to you have, there's a lot more, I mean I do a lot of reading. I listen to, you know, Tony Robbins like I listen to I have a lot of books that I listen to along the way that are things that are just about being centered being in the now and learning to just you know pay attention every day. Gotcha. Alrighty. Well you guys all heard off from Lindsay Duff here before we let you go here and we start the Q&A I want to talk about the services that you offer, your mentorship and what not, what tell us a little bit about that what comes with the package so to speak. Yeah so I do have a full written in video curriculum curriculum. It does start at the very beginning of how you set up Ninja Traitor and all that and then we go into what is a tick what is a tick bar what is, you know what are EMAs what do we need to know about the EMAs then what do we need to know about the MACDs now how do we put these together I am continuously working on it. I don't think it's something that I could just be done with ever I think there should always be new videos coming in if a student has an issue understanding something in particular let me know I'll make another video because maybe there's 15 other students that don't understand that either. It's been a long time since I put fresh new eyes on that type of thing. It may have been a long time since I thought about I don't know reversal bars or whatever it may be and maybe you need a little bit more input to that when I work with my students I have homework that they complete and they email to me and I do a very thorough run down of their homework if they don't understand one of the concepts that I want them to do homework over then I'll spend 20 minutes on that video going through showing here's the example here's what it needs to look like this is what you're missing and send that to them so they have that forever and then we do once they're ready to get to they're ready to pull the trigger then at that point you start saying things like let's go through or at that point we start going through our long sessions and we go through their trades we go through whatever it is they need to go through and record that and I send that to them too awesome you care about your students that's the important part I really do I'm a people person to begin with and I love people and I think that a lot of people don't give themselves enough credit for how intelligent they are and I really try and build them up as they're going through it saying we do understand this let's go through this part we work off their strengths also and we build on their weaknesses because I do not believe that everybody needs to trade like me I may be looking for a short trade while one of my students is looking for a long trade and we're both correct because one of us may be looking for the pullback while the other one's looking for the push and you just got to know where to make that limit okay where's my target where should it be when's the slow down happening those type of things absolutely I want to note anybody interested in looking at Lindsay's website I put a link down the description below learning more about the way that she trades or looking to get into her mentorship there's a link down below and I don't mean to cut you off here but time restricted here I told you I can talk we can talk forever that's absolutely fine and really quick if anybody has questions outside of this I'm a pretty easy person to get in touch with I will never turn you away for questions so I'll help you for sure awesome there you go you have a question there do you see the chat box do you see it I do I was reading it just a second ago do I think it's wise to set a percentage goal or a dollar amount per day or week to trade I think that doing the I think your second part being positive and making good trades it's more important than making the money because if you're positive every day or if you're at least making those then you are really able to that money is going to be there it's going to collect it's going to come so it's more important because when you set those goals it's almost idealistic oh yeah I'm going to make a thousand dollars per week you know and as a beginner that's not realistic as a beginner you're going to make a lot of mistakes so you start to beat yourself up over that because you think well you know I can't make this goal because you're still struggling to understand everything as time goes by I mean some days I may make a point and a quarter off of two contracts other days I'm making 15 17 points and they average out eventually but if I go okay I made a point and a quarter and I'm done for today today I can feel it I'm miserable my brain is on point whatever it may be and I step away and I'm proud of the fact that I made a point and a quarter off of two contracts awesome anybody else have any questions now that we have Lindsay's full attention here anybody else any other questions at all I know there's a delay I think in the feed so we'll just put this through for just a little bit longer here but thank you so much Lindsay greatly appreciates no problem today I'm going to look into tick charts actually me too Clint I'm very interested in how tick charts actually work maybe there's something there something to think about now if you're using Ninja Trader 7 and you go to the website under the beginning section is all Ninja Trader and how to set up those tick charts and you can if you're using 8 it's a little bit different but it's pretty easy I've already looked into 8 so it's fairly the same it's just you got to know where the actual selections are on the chart but if you have questions about them I mean I've got people who I don't even know who send me messages all the time on Facebook about charts I'll spend a few minutes with them getting them on the right track and we usually become friends after that awesome well that's just wrapping it up here guys everybody thank you so much for tuning in and thank you so much Lindsay for your time greatly appreciate it actually hearing a real day trader here no gimmicks no lambos in the background you don't any of that you're a real day trader it was a 16 year old who walked in and tried to talk to me for a minute but that was about it that's what I love that's what I love about this you're trading for your home you have kids it's awesome no gimmicks here so everybody thank Lindsay here Duffer for her time we greatly appreciate it awesome there we go oh yeah there you go 3.1514 thank you so much everybody for watching again there's links down in the description down below if you're interested so we'll see you here again next time thank you everybody alright guys thank you bye bye