 What's going on guys and welcome to the newest episode of the After Hours podcast. Today we have a very special guest, OP trader. His name is Olivier, which I just learned is really hard to pronounce but I think I got it. Thank you for coming on man. How you doing? I'm good man. I'm good. I'm excited. Excited to finally meet you guys and talk to you guys. We usually chat on main chat so to be part of it thanks for the invite man. It's so funny like we talk to each other like all the time on like main chat but like putting a face to the name is like such a different thing. It's like it changes the game. It's cool. I put my picture there you know so just to be you know to put a face to the person typing at least you know who you're talking to you know. You could be catfishing us though. You could be like some like 98 year old woman on there. I guess we'll dive right in but so now I guess our first questions are how long have you been trading? How did you get into it and like kind of how did you get into MIC? All right well I've been trading on enough since 2015 so I was working full-time and I was learning trading you know I was reading. Reading everything I could find like books, online videos. I was learning about swing trading investing but day trading I started doing it last year early 2020 because I found out when I was working full-time I would be taking some swing trades and I would be making money but I might just leave for a moment and then I was trading on my phone and my account would be cut in half and I'm like yo what and then man the stress I was like I cannot trade on the phone I mean I cannot do it so slowly but surely I saved up and then I signed up for Tim Sykes challenge last year it was a waste of money man I mean I don't suspect but good I mean I learned some stuff but man as far as process nothing you know I was depressed I was like man what are you doing like you wasted all that money in this program and you're not even making it back you know and then one night late depressed just going to YouTube I found Bao man that was like an Asian god bro you just find him you're like and everything changed I mean it's I used to hear about him in the community modern work this guy modern work when I didn't even knew who he was what he looked like but I would hear about him and then one night I just typed modern rock on Twitter on YouTube and in the first video I found was him renting and he was he was talking about everything I was feeling man about how you know people are getting you know messed up in the industry you know they are losing their money people are following fool rules getting dunked on and that's what I've been doing and and ever since I didn't stop I just listened to everything he said man I listened to every single video of Bao on YouTube every single one I can find I even created a playlist I still have them I listen listen listen and then there was like last year 2020 December 2020 there was like a deal for like a discount yeah Christmas so I got the three month I got the quarterly and I didn't stop since then man I just kept learning learning learning I mean I listened to Bao every day for real that's awesome his videos I've watched all of them and then I started making money I would get some nice trades man good trades and then I would lose it all I would get some good trades lose it all good trades lose it all and then I found out it was it was deeper than that I mean learning the techniques is not enough there's something wrong on my and personally I need to fix and it was my mentality I'm a fighter man I mean I fight I train martial arts I never give up so taking a loss wasn't natural for me like I want to make it back I want to fight like I'm not accepting it and that's what was messing me up so I had to sit down with myself man and be like yo you know the trade I mean you see the setups you know what enter you're just not disciplined so I went dark I didn't chat I didn't post anything in short and chat and chat for like three months since June and I just worked on my mentality man discipline a risk management everything I worked on it and then I've been trading consistently since and then I'm back in chat yeah but the habits still show up here and there the fighter he wants to fight but I'm like you know I need to find a way to control him yeah but yeah but that's pretty much it that's why I'm at um the goal is just the goal initially what attracted me to trading was the you know the financial freedom like to make it quick but if that's what attracted you that's that's not what's gonna keep you here man I mean you need to fall in love with the process and I know everyone talks about process but process is everything man I mean it's who you are like how you wake up how you go to bed how you think how you act how you plan your trades I mean how you find your trades how you mitigate your risk everything man so you need to work on mastering that I mean that's my goal mastering my process and then the profits take care of it man I think something key to note hey before you go here I just want to read this your your bio on uh MIC which I love is keeping that white belt belt mentality in my trading process a black belt is a white belt who never stopped showing up to practice I just wanted to read that because I think that's a badass quote like I think that's real good dude I learned that from I learned that from Brazilian jujitsu because I love that man for every nine every 10 people who signed up for a jujitsu class only one would be a black belt because of how hot it is you want to learn how to fight but dude the struggle the showing up the pain the aches the injuries only the love for it will keep you going so I applied it and trading and I'm getting some results from it so it's it's amazing oh fucking true I love that but here you go have a good day well you mentioned kind of taking this this like little break from um trading and or not from trading but from from the chat and you know yeah kind of working on yourself and like spending some time with yourself which I think is really key because like I've done similar things as that as well um maybe you could kind of go into detail a bit of like kind of like what you did like was it just like maybe like walking and listening to music or was it like exercising or you know like how did you kind of go about that process of really kind of working on your discipline working on yourself just taking that time to really become the best trader and really person that you can be okay um all right so to martial arts I'm disciplined in that aspect I mean I know how to wake up eat clean exercise and all that but it wasn't translating in my training I was stubborn I mean it was deeper it was it was a belief of never quit like never never accepting defeat that was hindering me man like I would take some nice trades you know and I wouldn't feel comfortable and be happy with what I had because I stopped out and I'm like man I need to make this I mean I need to get it and it would mess me up you know so what I did was I had to sit down I mean I talked to myself I mean I'm very deep into mental stuff you know visualization a meditation but I really talked to myself like I'm like yo you know how to trade I mean you're learning it you're seeing the setups you see what's working you see the probabilities you you get it but you're stubborn man I mean if you fix this I mean I tracked everything I tracked I tracked my my wins my losses and the losses are all done from being stubborn so what I did was that I went back to my trades I see what I was good at what I was better and then I see what made it bad so I I wrote it down and then the first thing I did was to talk to myself man and there's a way to talk to yourself I mean it's like a child you cannot be hard on him on your mentality you cannot be like yo you suck like you cannot do that because yeah naturally you you want to fight back you want to resist so I had to tell myself yo just do it slowly like you know if you have to take the loss it's okay there's always another setup coming up like it's fine man I mean just take this you know it's fine even if you lose did you trade well then if you traded well then it's a win so I had to reframe the the mindset of defeat losing into a mindset of yo it's not a loss it's an opportunity it's not a loss it's one of the probabilities that it didn't that it wasn't gonna work because my setup saw like 70 80 percent of the time they would work so that might be the 20% it didn't work so it's okay as long as you traded it well it's fine man so I kept doing that I kept doing that I kept telling myself yo it's okay and before I take a trade I talked to myself man I'm like is this a good entry is it then okay did you plan it what would bow do here what would Alex do here yeah all right are you oversized are you stressed out if you're stressed out reduce your size man like you have to you are too big and then yeah so I talked to myself and then when I get a good trade I congratulate myself I'm like you already did a good job man keep doing that and then over time over time I started like getting confident but there's there's like a trap there I was I was getting confident and then I would take a loss because I was like I get it I get it you know shit I get it and then the next day boom so I get back to it man get back so it's a process man just having the process and trading is not enough you need to have a process in your life you know as a trader because I look at it as a as a high level athlete you know like a champion they don't just show up and fight man they eat they sleep fighting they they they are champions man like they they work on their minds when they show up to the arena they either like listen to music anything that get them into the mindset to start you know their performance so it's all in the mind for me man I mean the setups we can you can learn them but the mind is that's gonna either make you or break you in this so and I learned it and I had to figure out who I was as a trader before I could even get some consistency in this because this is like the hardest thing I've ever done seriously I mean I can already tell this is actually like one of my favorite episodes because I think yeah I think a lot of trade I think a lot of traders would have such a negative mindset of trading like they know it's what they want to do but like they approach it so wrong like they fuck up they beat themselves up they like just they just have this kind of like tornado of emotions all the time and you seem like super like I don't say zen but like that's what you see you seem like super in control of that like is how did you get like that was it just from like fighting or is it like something like before fighting like how did you get this level of like self-recognition to it's very impressive um man life getting beat up knowing like yeah knowing like you're okay you know um you're here you know there's always someone worse than you um I mean I don't want to go into too much personal stuff because where I'm from it's very it's rough you know it's a very poor country and for me to even be here it's a blessing and for me to even to even try to learn trading and to find my mentors you guys you know bow Alex it's not I cannot take it for granted man so I need to put in the work I need to I need I cannot waste this gift you know as far as the mentality I mean I've always been like this man I mean I'm I'm stubborn I mean if I want something I'll just yeah I'll either hit my head onto the wall until I figure it out or get humble enough to find like a simpler way to figure it out you know so I don't know I've been like this man that's who I am I wanted to kind of pivot over to the kind of like you know going about like your process and the type of setups that you'd like to trade now all right I think a lot of people who are struggling and who aren't consistent they're trading a lot of kind of random stuff you know like one day they're pre-market longing the next day they're shorting at reversal hour they're just kind of you know bouncing around you know using the MIC strategies but like to get really good at something you know you have to put some time in and I know a lot of people will be wondering like you know well worked for OP you know well worked for this guy how's he how's he consistent you know how's he pulling games so maybe we could kind of pivot into your kind of process and the setups that you like okay well it was a process I had to go to all of them I tried long I tried I was afraid of shorting man I was like man I can blow up quick I never shorted I never shorted I was using each raid just give me some longs man longing pre-market longing at the open longing getting dumped on but I believe that's part of the journey man but my issue was risk management I was losing too much to figure out what was working for me so by going to all those setups like I was buying breakouts that I was man shorting shorting public setups things squeezing up yeah not knowing where my stuff is so I had to go to all that and tracking you need to track I mean you need to track your setups you need to track everything you do so at the end of the day I review everything I do I'm like what worked I keep what didn't work I don't even look at it I just keep doing what working yeah and eventually I found out that most of my gains were coming from broken stocks in pre-market and bouncing shorting on bounce I had a very good feel for that and channel trading during the law I'm good at that too but most of the bulk of my money comes from like shorting broken stocks and low hanging fruits yeah the first few days one setup I'm tracking to get used to but I haven't had it in my playbook yet but that's something I'm learning yeah so to figure out what works for me is tracking you have to I went to all of it I've lost on all of them yeah and by tracking what made the most and what I was more comfortable in I just stick with it I just stuck with it and got rid of the rest I can get the rest later you know first bounce and all that so yeah that that's kind of what I did as well with longing because like with longing I know what types of setups like I'm good at um and like me and James and I have talked about this like multiple times but you know you kind of find what you're good at and what kind of works for you and then it just becomes kind of a process of just eliminating everything out um that you're that you're bad at right you know like yeah if you're you know you're shorting a broken stock you're not going to be like oh let's let's short this hot chick pre-market right you know but um I think that there's also like a thing and like I talk about this a lot where like shorts love that kind of like attention and that kind of like you know top ticking and whatever but if you can just short the broken stocks like you can pull super super consistent gains instead of just trying to be the hero trying to top tick trying to get that very top of the parabolic and yeah it looks cool on twitter but like you know for your for your growth as a trader and like as far as like keeping your trading account alive it might not be the most sustainable thing you know oh yeah for real and one thing that helped me a lot was I don't post pianos I don't because like the same thing I put in my profile like keeping that white belt mentality it's like I know how I was as a beginner man I mean I would see those guys posting big profits and I would make my little like 50 whatever 100 and I would be like man I would feel depressed that I'm not living up to those guys I mean and then that's why I don't post I post my charts because I know how it made me feel man he put he put me on a wrong mindset to try to chase profits and that's the wrong thing you cannot be chasing profits I mean you cannot you need to take what your strategy your process is giving you that's it man yeah that's why Alex I look at his pnl I mean I check it just as motivation be like all right man that's where we can go yeah but I don't let it affect me at all it used to in the past so when I went dark last I cut all of that I mean I just just focused on me completely and yeah and that was the result I think a lot of new traders man they get they get intoxicated with like profits and they they see others pnls but like they don't know and I think what what guys forget is like they don't know what that person went through to get there you know like like Alex has been trading a long time they're eight years and like you know two or three of those years like they were just like normal days and stuff like that and just he took we talked he talked to it all the time like all the losses he's taken to learn to like what he teaches all of us now with bow is like you know like people don't see that stuff they see the book in a nice car they see like all that shit but like everyone has that struggle set I think that's a really key lesson remember like like that's why like I post pnl a lot now because like I think people should remember too it's like you should be proud of of where you are in your process even if it's small right now like don't let that like this isn't like a fucking dick beating contest you know whatever it's this is like this is like just show up dude you trade your process and like I like that you just kind of put your head down and you're like this is what my process is giving me right now and like this is what I can get to but like I'm not rushing it I think that's really really important like and and so I guess my question now is like where how has your trading been the past you know a couple months you said it's consistent but I guess what's been what's been your your best strengths and I guess what are your weaknesses right now all right my best strength was the stock selection I found out I was getting better when my the stocks that I was watching they were on Alex's watch list and Tom's watch list and the levels I was looking at were the exact same I'm like all right that's a progress I mean that's that's deep and then what I'm working on let's see I'm working on a few things bettering my entries with more size because I find like I usually either get like up to half size or never get full size which is hard to do I guess and I know how to pick my exits I mean I found I have a strategy for that where I can because from tracking I know where to expect the setups to go because I track all of it man I mean I've like sheets there so I can pick my exits but it's the entry that I get FOMO sometimes yeah so that's something I'm working on for real like the FOMO side but a video that I saw that really really changed my my mentality this summer was from a what's his name a Mark Douglas he wrote like the discipline trailer yeah and what he said was to think in probabilities I don't think in terms of in terms of setups if they're gonna work on that anymore I think of okay if I take this setup 20 times 14 out of 20 I will be profitable but I don't know which one of those 14 is gonna be yeah it might be this one or it might be this one but I don't know so I cannot be attached to the outcome of any single trade yeah I just need to take it and accept the risk yeah so that really changed my mind man I was like yo once I got that I just attacked I attacked I mean I see my setup I attacked it yeah I lost it's okay it's part of it so yeah that that changed man that really really changed me so I'm like yeah and I think that is that's really key because like you know I obviously work with like a ton of long traders so like it's not like we're like DM me a bunch because like I long and you short but you know there's a ton of people who are who are longing and they're like because this stock is easy to borrow it has to go up and the ticker will be broken beaten down you know an absolute shit ticker and you know just way under VWAP and I'm like bro just because it's easy to borrow does not mean the chart is right does not mean the distance from VWAP is right does not mean we're getting enough volume for this thing to even run and when you have those kind of like probability conversations like like how does this paint the picture how do all these things add up when you have that kind of conversation with people I think their eyes open a little bit because they're like shit man I thought because it was easy to borrow you know we were gonna get this big spike and yeah easy to borrow stocks generally they do trap but you're always going to get that like you said one out of 14 or whatever that doesn't work or two out of 14 that doesn't work right and yeah I think that that's definitely a big point and key because we've seen a ton of like hard to borrow stocks run as well right we went through that little hard to borrow sector where if it was hard to borrow we'd get these spikes all the way up and like they'd be sustained a little bit and then they'd go back down again right so anything can happen in this kind of market so in the the pumpers man I mean those guys who those guys it's another level I mean I've never seen it like that this is like something else man so you need to be aware easy bro yeah I think I think new traders like especially as a short I think this is like I think a lot of things that we talked about in the past like a lot of like struggles like they really focus on like longs too but like with shorts like I think the probability idea is so huge because you know how many DMs I get they're like why did you short B web and I go well I mean probability is like you know nine times out of 10 it's going to reject B web here on this kind of setup and the one time it doesn't I'm going to stop out and I think as a short it's scary because the idea is the stock can continue to go up same thing like when you're shorting a bounce no broken stock how did you feel confident to size into this line how did you feel confident to do this yeah because probability and I think I think newer traders like I like that you've hit a lot of good points and I think that that is really key too just everyone's so scared to try a setup that they know works but if you know it works nine times out of 10 like if you go to a casino and you sit at a roulette table and you know nine times out of 10 number 45 is going to hit I mean you're going to probably bet 45 every time like you're going to you're going to make the bet the one time it doesn't fuck it whatever but I really like that dude I love your mentality dude it's you're a fucking badass but I just I mean I get I get the newbies man I get the beginners because there's one thing you cannot teach in its experience yep dude a lot of those things I'm talking about I have to learn them to experience bounce talks about them you guys talk about it but dude if I didn't go to it I wouldn't it wouldn't stick the way it stuck you know because now it's a belief for me so I believe it before I learned it but I didn't believe it I was like fuck maybe it can bounce but now I just truly believe it so I just take it you know so I mean for a beginner I would say just yo save your charts man save your charts review them every day or on the weekends when you have time to see the patterns so that when you see it you just react and yeah and just be patient man don't rush it like shit this thing is tough dude that's the toughest thing I've done yeah I mean I can't even express it it's so tough yeah yeah but I hope the the juice is worth the squeezing and so yeah I was gonna ask Kerry like if he had any like last advice I feel like that's such a good note to fucking like close shop on that was that was pretty solid I mean you hit some really good points and I think all new traders are gonna get a fuck ton from this I'm super excited for this one dude and I think yeah I think you're a fucking sick future like I seriously like yeah he he hit us up before he said he was like kind of nervous to come on like I'm not gonna be on blast like that but but dude you you just gave me the best interview by far that I think we've done to be honest I I fucking love this so thank you for coming on man I I know we're gonna have you back at some point yeah man I appreciate it definitely man looking forward to it you know I spoke to you guys I see you guys in chat and you know let's keep following the process man because it works okay for real fuck yeah hell yeah man it's about it