Accountant Turned Millionaire Trader Bought Bitcoin At $3,000 – TraderMayne

Accountant Turned Millionaire Trader Bought Bitcoin At $3,000 – TraderMayne

trading
fulltime is I don’t think viable for the
majority of people trading is one of the
biggest battles of you versus you I
don’t care like this guy might be the
best Trader in the world but he drives a
Bugatti he’s got like multiple Ferraris
he has six or seven Richard Mills he
lives in Miami he is not paying for that
lifestyle from Trading it’s impossible
I’m going to buy later than you but I’m
going to sell earlier than you I don’t
think you got it like prove it you got
my money here give it to me I want to
take it out what is it FDIC only 250k a
lot of people have a lot more [ __ ]
money than 250k in a bank dude I just
lost like you know a huge part of my net
[Music]
worth hey guys before we get started I
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continue all right what is up everybody
Welcome to the wolf principl podcast
today we have a special guest the first
guest on on the wolf principles podcast
he has got three different names Dylan
Trader M the neck yes what do we what do
we refer you as uh whatever one comes
easiest to you uh usually I I always
tell people like where’s Trader main
come from I like well you know the
rapper Gucci M okay that’s who I was
into uh when I made the account when I
was
23 um and I didn’t you know expect to uh
gain any sort of social media Fame where
I probably would have used you know my
name or something a little bit more
professional but but here we are yeah
and do you give yourself the name the
neck or is that is that a social media
so I mean you’ve been you’ve been on
camera for a long time with crypto um
most people are Anonymous right so I no
idea what you looked like cuz you always
had carto character or nft exactly um or
like an egg or whatever it was back in
the old days um but I did started doing
live streaming a few years ago uh and
someone’s like why don’t you show your
face I’m like I don’t know like sure
yeah and so I ended up starting to show
my face on streams and people just
started to make fun of I guess my neck
is thicker than normal I didn’t think it
was that bad now I’m quite
self-conscious about it like I always
look at myself pictures I’m like is my
neck really that big but it’s the
internet you got to lean into it
otherwise yeah you embrace it yeah you
got let people bring you down you just
yeah it’s a negative so yeah e e any of
the three work for me yeah yeah I’ll go
with with Dylan that keep it simple so
anyways man uh welcome to Bali first of
all oh my God uh this where we’re based
right now so what’s your uh first
impression I love it it’s hot muggy um
but beautiful island uh beautiful people
like amazingly friendly um welcoming
locals um amazing scenery uh I like it
here I I definitely will be back I can
see why you’re you’re based out here
yeah it’s been
uh well four years permanently basically
I was in uh Shanghai right when Co was
starting and then I went to Bangkok for
a month and met my girlfriend uh in
December and then I was like I was
supposed to move back to LA and then I
was like you know what maybe I’ll just
go to Bali and kind of like look online
for places to live in LA instead of just
going back there because I didn’t have a
place to stay in La anyways so that was
January 2020 then Co hit and then it
just kind of became a full-time
permanent thing over here but uh overall
yeah I mean it’s a great place to live I
love it out here it does get small
because you’re on this tiny little
island so we leave like every three
months and go do something yeah I mean I
get it though uh especially for the type
of work that we do kind of The Nomad
digital Nomad um you know lifestyle uh I
mean I get it you’re so close to so many
places as well in Asia for traveling uh
and it’s sunny and warm every day the
old that’s a huge I mean we’re both from
the Northwest man and you know just as
well as I do how depressing Seasonal
effective disorder can be it’s insane
the older I get the more I’m just like
man like being around like just people
are happier I’m happier you know what I
mean I wake up in the morning I’m like
yeah I want to go outside I want to like
go on a walk and I want to like you know
go down to the beach or go for a swim so
we’ll see uh my fiance is like oh we’re
moving to Bali now I was like okay well
let’s let me talk to your father first
but now it’s on the list yeah uh so
anyways for for people who don’t know
who you are in a nutshell who is Dylan
Trader M uh Dylan
33-year-old a dude who uh pretends to be
a cartoon panda I guess on
Twitter um no I’m a crypto guy so I’m
I’m I’m I’m one of the crypto Twitter uh
kind of ogs I guess you could say I’ve
been on there since 2014 okay um and
I’ve amassed almost a half million
followers on Twitter which is crazy to
think about um was just telling you the
other day I literally ran into a
follower like at the top of some monkey
temple yesterday while I was dying from
heat stroke so it’s it’s cool to it’s
cool to see and meet people all over but
uh yeah I’m a Trader really I’m a crypto
Trader that’s how I kind of made my name
I was um one of the first people or one
of the more public people who is
shorting Bitcoin um not that you want to
short Bitcoin but during the bare Market
in um you know 2016 2017 or the bull
market excuse me when it became a bare
Market um crypto is one of those things
that only goes up right for most people
most people get rich buying a coin and
it goes up some crazy multiple they
probably don’t end up selling anyways
but um it’s not like kind of your
traditional stocks and FX where it’s
like you trade both directions like the
chart’s bullish I’m longing if it’s
bearish I’m shorting crypto people it’s
up only that’s that’s all they really
know so in 2018 when the market or 2017
December the market topped um I having
traded Forex and stocks in the past is
like this looks like a top like I’m
going short and I got a lot of hate
initially until it went from 20K to 3K
all of a sudden people like maybe this
guy knows what he’s talking about uh and
then just kind of snowballed from there
and I was very vocal about crypto
crashing I I had no involvement in it
whatsoever uh but in 2018 2017 back when
I was that was I was on Facebook I don’t
even think I was super active on
Instagram yet but uh yeah I was very
vocal about the the top because that’s
also what I was focused on for many
years in stock I was predominantly short
seller well you you were penny stocks
too right like what people don’t realize
is like crypto is this new tech sure
crypto is all coins are penny stocks
yeah yeah they trade the exact same
right it’s the wild west penny stock
game yeah I’m like this is like this is
like the OG penny stock days where yeah
you’re going to see some low float coin
pump 10,000% and you think it’s the new
hot [ __ ] the difference is with stocks
that’s what I was in then it was like
maybe 50% to 200% if you’re lucky in
crypto it’s 10 100x which is insane it’s
crazy but that means that it when it
comes down it comes down hard and
there’s a lot of money to be made on the
short side as well and at the end of the
day I think crypto I mean Bitcoin is the
best performing asset ever I think
shorting it is not really a good idea
for most people you’re probably just
better off buying and I mean I think
right now bitcoin’s at what is it 65k so
unless you bought at the very top last
cycle you’re in profit right anywhere
the last decade I actually just opened a
short position this morning yeah I think
we’re due for a bit of a correction into
like the 50s or something like that
because we’ve got the having coming up
so I would be surprised if we get a
little bit of a shake I mean I have a
lot of people being like we’re just
getting started I was like I don’t know
man look at the chart like it’s kind of
just gone up only for the past year
straight from whatever it was 15K to 75k
yeah the velocity of it straight into
resistance at alltime high was just
insane so there has to be some sort of
reset I think before if we do make the
run to 100K yeah I I think we will um
but yeah that’s that’s how I got popular
honestly and I was just posting and
doing videos as you know I mean I used
to do these live streams for five people
now it’s you know a thousand yeah um so
it’s just been a it’s been a crazy
Journey uh and it’s become a fulltime
thing I never thought you know I was
kind of a side gig I was you know
working regular jobs I ran some
businesses and then it just got to a
point where it’s like oh I’m like a
influencer now as much as I hate to say
it yeah so take us back to the beginning
I guess like what were you doing
prior to even thinking about trading and
what was kind of that turning point
where you’re like huh this is where
maybe that’s something I could do yeah
so I mean I I got an accounting degree
um I grew up in a household where like
going to University was what you did it
wasn’t like maybe I’ll go to school
maybe I’ll go traveling it’s like no
you’re you’re going to University um you
know so I went and got an accounting
degree because that’s what I I like I
was good with numbers I was good at math
uh and I was like this is what my
parents want me to do kind of thing
right it was that kind of household um
and I learned very quickly when I got
into the workforce like okay first of
all accounting is awful um you know I
didn’t I didn’t want to do this and so I
started bouncing around between jobs and
um what I started kind of working
towards was jobs where I was in control
of how much money I made so I eventually
went from accounting to finance and then
Finance into more of a sales focused
Finance then fullon sales um because I
was like okay at least now if I more
input means more output right whereas
the other jobs like doesn’t matter if
I’m staying
yeah if there’s no kind of like
exponential growth for input versus
output and it’s just time for money
there’s you’re at a dead end for the
rest it’s just like I could I mean my
first accounting job was $33,000 was my
yearly salary coming out of University
with a degree and that’s Canadian
dollars that’s like 20 something K us
like it was crazy to me that’s not a
whole lot to live on I was like so what
I’m going have to live to like I’m going
have to work here till I’m like 60 to
make six figures so I got into sales and
then kind of the next thing was like I
didn’t want to have a boss yeah um I I I
kind of had this complex where I thought
I was smarter than all of my superiors
at work and maybe I was maybe it was you
know Cockiness but I hated taking
direction from people where I was like I
don’t think you’re even very good at
your job it’s the I always had the same
issue because it’s always for me it was
always like I you should never take
advice from someone who’s not a position
that you don’t want to be in exactly so
if you’re like if I see my school
principal or my teacher or whatever I
always had issues with the authority
because I’m like first of all I don’t
want to be who you are so it’s not that
I don’t respect them I just can’t
necessarily take their advice seriously
yeah or when I’m getting disciplined for
something 100% it’s like unless you have
more money than me more status than me
you’re doing something that I think is
like oh wow this is amazing it’s kind of
like well I mean obviously that’s a
little bit of a cocka of you things
people have you know wisdom that they
can impart but from a career perspective
I was like that’s why I always struggle
with so I started a recruit I started
working recruitment with a few buddies
of mine from University uh and it was
quite lucrative and we end up starting
our own company and doing very well
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2017 now in
2013 when I was still working in
accounting I had a friend of mine who
actually lives here Kyle uh I’ll make
sure to send you this so he he works on
Yachts now he’s like one of those you
know below the deck the show yeah he’s
one of the guys who works on those boats
like they go to mayorca and he’s you
know a yacht Captain it’s pretty cool uh
but in his offseason he lives here funly
enough he’s back in our hometown right
now we just missed each other yeah um
but he always would bring me to these uh
multi-level marketing meetings like back
when we were 20 cuz it was like okay
there’s lunch there’s beer and you just
got to sit and watch this presentation
I’m like okay I’m 22 I got M look like
some sort of getrich quick with not a
lot of work thing you’re like he bought
into it a little more than me but I was
there for the free food and the beer
like you know sure enough like all right
here’s the thing and oh it’s not a
pyramid it’s an upside down triangle
it’s different but yeah yeah go to your
parents then go to your cousins and then
yeah yeah family first he funnily enough
in 2012 2013 he’s like dude this this
Bitcoin thing it’s the future of money
so naturally I’m a skeptic I’m like sure
dude just like that last cut con kniv
sales thing was gonna make us
millionaires I’m sure Bitcoin is the
future of money uh but he bought a bunch
and I kind of you know brushed it off um
and uh then in that 2013 kind of bull
market Bitcoin went from Dollar to like
I think it peaked at 1190 bucks yeah and
I bought a few um because you could go
on Silk Road you could buy fireworks and
you could buy all sorts of stuff with it
and then I’m like wait a minute like
there’s this stuff you told me to buy
like now it’s worth $1,000 for one like
when you told me about it it was like
$10 yeah so I bought a bunch of them and
um I kind of experienced that first the
very tail end of that first Bull Run
um I bought I think around $500 Bitcoin
and it doubled so I’d put in but at the
time when you’re in your early 20s you
put in 20 30 grand or something all of a
sudden you have six figures I’m like
dude I’m I’m rich now like you know what
I mean like I’ve got I’ve got [ __ ] you
money basically um so especially when
you’re that young and you see that kind
of money I’m drinking beer that I’m
buying a sixpack of beer like I had
unlimited money in my mind so I I
actually briefly quit my job um and
before I went to my next job I thought I
was a Trader like I kind of convinced
myself I started up my Twitter um and
then that cycle I caught the last three
months yeah right I bought all these alt
coins and then I bought literally I was
right for two months this was
in okay so I caught the very tail end of
that cycle and then everything dropped
90% And I didn’t know I could short I
didn’t know I I didn’t even know I could
sell back to cash I just was buying
stuff cuz it was going up so I was a
bull in a bull market I wasn’t a Trader
yeah um and that was I moved back into
my dad’s house I’m like scw the markets
blah blah blah and then I got back into
working and then while I was working and
I got into recruitment I kind of was
like okay I still had this itch about
like how there’s got to be a rhyme to
the reason in terms of how these markets
move yeah so I got into stocks and Forex
and stuff um and I kind of you know
found your channel funly enough and Tim
Sykes and all these other ICT all these
other guys and I started teaching myself
how to do ta technical analysis um and
so when I was running my recruitment
company in that 16 2017 Bull Run
happened I looked at the charts and I’m
like this is just the same as a stock
chart yeah yeah and I think that was one
of the things that helped me do really
well is everyone was buying this stuff
because they’re just buying it because
it’s going up I was like oh but you can
actually use the chart to figure out
when it’s going to go up and maybe how
high and and how to actually profit from
it and keep the profit um and I was one
of the very first people on crypto
Twitter who would post technical
analysis
most people it was just like me in the
previous cyle just
belief Insight just wag me full hopium
just and that works when it’s when
you’re right when you’re right the ultra
Bulls are they look like the smartest
people in the room when they’re right
and I always tell people this like I’m
going to buy later than you but I’m
going to sell earlier than you and
actually away with money I’m going to
keep more money than you so yeah I’m not
going to buy the bottom I’m not going to
sell the top I’m going to catch the meat
of the move and I’m not going to be bag
holding on the way back down yeah um so
yeah that I I I kind of did well in that
2016 2017 Bull Run and I’d been posting
on Twitter but I’d ran a recruitment
company very successfully uh but I got
to a point in the last cycle with covid
and everything when we went to 3K I
shoved uh because I was like this seems
I mean I think the S&P went down
25% three days I was like this seems
like an one of those decade once in a
decade Allin spots so I just shoved I
bought a bunch of Bitcoin at like 3 to
5,000 buch of ethereum at like 80 to100
odd dollars I tried to get in on the
Bitcoin dip like this was my I had no
involvement in crypto whatsoever and I I
posted which is kind of [ __ ] up I said
if as soon as we start seeing something
about suicide in the news I think that’s
when yeah it’s time to be buying Bitcoin
and there was actually a PR that came
out and Bitcoin dropped to about 3K I
think this was like 2017 or something
2018 2018
uh and at that time I was in South
Africa Cape Town and I had no
involvement in crypto whatsoever and I
was like okay [ __ ] I need to open an
account and so I tried to just transfer
like 10K into I can’t even remember what
account may be coinbase at the time uh
but it took two three weeks for me to
get my account verified by the time it
was at 3K when I started to open my
account and then it doubled within like
the next week or two and I never bought
in yeah and so I I missed it and then
that I didn’t trade anything for years
on on crypto yeah Noone I mean it’s it’s
it moves very fast this market like
there’s literally so
I’m the last top like you kind of had a
few days right if you didn’t get out in
that kind of few days span it’s down 30%
from the high now you’re wondering do I
sell Now is it going to bounce back you
have about 24 to 48 hour Windows of
opportunity and then the rest is kind of
a gray area yeah of the pivot Points but
that’s why I tell people I’m like I’m
I’m I don’t mind buying a little late
off the bottom and like last cycle I
didn’t sell any Bitcoin at 60 I was
selling at 35 40 45 50 and people like
why are you selling it’s going to 100 I
was like maybe it will but I bought it
at three yeah you know and I’m up 10x
like that’s enough and and the problem
with crypto is it’s it’s it’s the greed
all the emotions that you try and teach
people about in like trading like it’s
it’s hyp everything in crypto is hyper
um it like it’s extreme levels of con
it’s compared to stocks it’s like
everything on hyperdrive the market
Cycles happen faster the emotions are
higher yeah um and I don’t know why that
is I mean we’ve seen four or five
complete bull bear Cycles in the time
that we’ve seen one in Gold yeah well I
think
people there’s just a lot more
irrational Behavior involved and they
think because stocks have been around
since what the 1920s or whatever it was
or early
1900s and when you get crypto it’s a new
technology what it’s 10 13 years old so
all this new stuff so I think everyone’s
in it as a get rich quick they want to
get rich stocks they’re like oh well you
know I could probably buy some stuff and
slowly maybe get rich over time but
there’s such a draw to getting rich
quick in crypto because there are
stories of people getting rich quick
because of how fast things go up which
also makes it I
guess easier but also easier to make
money but also easier to lose money
because of the volatility is so high I
mean I’ve got a lot of friends who got
very rich very quickly and gave all of
it like ungodly we’re talking mid eight
figures of money and like we’re you know
in our friend group messag him like Hey
dude like take you live in Thailand take
10 mil of the 50 that you just made and
just put it away you are set for life um
but you know they’re on tilt right oh
they had 60 million now it’s 50 now
they’re chasing now they have you know
none you usually reach kind of like a a
a Breaking Point or if you say if you
don’t have a stop loss in and you say
you went from 10 million to 7 million
like okay that was kind of like my
mental spot but then if it gets below
that you’re like well now I can’t sell
below this because what if it goes back
up so if you don’t take a stop or
actually it’s stick to something you get
beyond that turning point of okay now
I’m [ __ ] I’m just G to wait it out
it’s a disgustingly sick game and I’ve
taken losses in my learning process
right that are I look at them now and
I’m like dude if I would just stuck to
my plan if I would have just done this
and you obviously try not to think like
that but with crypto one of the most
painful parts of it is the price of the
underlying asset generally is just going
up so like all those Bitcoin I lost back
in 2016 those are worth 20 times yeah
now what they were and I’m like I mean I
know for a fact if I would have kept all
the Bitcoin I had back in 2014 through
2016 just held the Bitcoin didn’t do any
sort of trading I’d have way more money
yeah than I have now I’ve still done
well but there is a argument to be made
being like okay probably buying and
holding is not the worst idea if you
don’t know what you’re doing for sure um
but the asset it goes up it’s kind of
like I tell people it’s kind of like the
S&P like especially now that the ETF is
here I think we’re going to see Bitcoin
trade kind of just up and to the right
slowly over time I do think volatility
is going to decrease a little bit um now
that institutional players are coming in
but I I mean who knows I think the issue
with with the Huddle strategy is it can
be a very viable strategy is the problem
nobody buys when things are down yes yes
everyone who is a little bit more less
experienced buys at alltime highs when
it’s in the news finder like oh [ __ ]
we’re at alltime highs or they’re buying
at the Peaks because that’s when it’s
the biggest in the news and so there’s
such a vast fomo yeah and that’s when
people buy in and then they lose
everything because Bitcoin does drop 70
to 90% in these Cycles h no I have uh I
said an email out
in December of 2018 so when Bitcoin
basically bottomed um I sent it to about
40 people is my family and then like
some close friends and I basically said
here’s what it is here’s why I’m buying
here because you know we were I’m like
we’re down 85% off the high generally
Bitcoin bottoms around 80 to 90% off the
high all these other factors it was like
a you know 5,000-word essay to the point
where I was like here’s how you buy a
ledger here’s how you can here’s how you
pay taxes on like everything yeah the
responses I got were basically like
unsubscribe I don’t care blah blah blah
the only two people who bought were my
mom and my dad and they just said just
buy us each one I was like okay sure
enough Bitcoin went to you know I I
would update it so it was it hit 10K I
said by the way we’re 3x from you know
where I said then hit 30k okay we’re 10x
then I think my last email is at like 50
and then that’s when people started
reaching back out saying hey man like is
it still a good time to buy this Bitcoin
thing I like yeah I’ll sell you mine
yeah um but no you’re 100% right and and
but what I my advice I give to the
majority of people is I was like if you
don’t want to be in this space and
trying to actively manage and trade time
in the market is way better than timeing
the market yeah um just slowly build
exposure like most of my friends if they
would just said hey I’ve got an extra
500 bucks every month just buy some
Bitcoin or some ethereum whatever the
buffet strategy just buy stocks you’re
betting on Buffet bet on America right
you’re betting on crypto that’s going to
be here in 5 10 years then probably the
stuff you buy now is probably going to
be worth more money in 5 10 years yeah
that’s interesting just the whole crypto
thing I didn’t get it until 2019 2020
after then you got the bug yeah well CU
I I quit trading in 2018 I got on
YouTube announced that I’m done and I
tried to shift gears and go kind of into
the more content creation
entrepreneurial entrepreneurial side
space of I’d been also selling courses
for 15 16 years at this point in running
an Ecom business so I tried to shift but
it just wasn’t exciting it wasn’t the
same as trading and also the reason why
I I quit was because I moved to Asia and
the US Stock Market opens here at 9:30
10:30 p.m. depending on daylight savings
and then I got a message from a buddy uh
who just said hey bro buy xrp and I was
like what the [ __ ] is xrp God this is
like
2019 and then so I just started looking
at crypto and realizing that a lot of
these it was basically like penny stocks
like what I used to trade small cap
stocks a lot of the same patterns a lot
of the same movements uh were forming up
and it opened 247 seven days a week yeah
I didn’t have to be constrained to New
York time which was [ __ ] miserable
especially it was fun in the beginning
like the whole traveling trading thing
it’s fine for a week or two but when you
do it full-time like I was cuz I was
traveling new country every month uh it
was [ __ ] miserable and so now that I
had this other asset that acted the same
and I didn’t have to be at a certain
imprison basically to New York time that
was just kind of the GameChanger of okay
maybe this is the next the next thing
yeah no it the the altcoins especially
trade in my opinion exactly like penny
stocks um because it and it’s not
sophisticated players either that’s the
thing you’re not competing against
institutions you’re competing against
[ __ ] the meme Bros like [ __ ]
crypto like oh if this thing like you
know is on an uptrending line and then
there’s a vertical resistance line when
it breaks through that line it’s
probably going to go up because people
are going to see it and they got the
monkey brain they’re like oh green
button um you know Green candle green
button so uh and I agree I mean I live
on the west coast I hate New York
trading hours um getting up at 6:00 a.m.
is terrible um whereas crypto it can
move on a Saturday afternoon it can move
on you know Wednesday at midnight um but
it’s kind of nonstop I also find that
crypto is a little bit easier to swing
trade yeah um whereas like when I was
trading FX for example I was similar to
you I was either trading the London
session or the New York session and I
had like a window where it’s like if my
trade doesn’t set up here yeah I’m not
making any money today I can’t I did
that for so many years right I just I
don’t want to have to be somewhere at a
certain time it defeats the whole
purpose Yeah Yeah it’s you’re you’re
like imprison to this time zone no
matter where you are in the world yeah
it was awful it’s funny cuz people
always ask they’re like oh like you know
when you’re selling the trading
lifestyle it’s like listen I’m on my
boat or I’m at the beach and I’ve got my
laptop here and like I just made three
grand it’s like that’s not what it is
yeah like I’m in my office I’m like it’s
either really early in the morning and
I’m miserable or it’s really late at
night and I don’t want to [ __ ] be
here um you know what I mean and it’s
dark and I’ve got the blinds closed and
I’m like you know sitting in front of
three monitors it’s not like quite
glamorous and like but you don’t have a
boss I’m like yeah your boss though is
the market like it’s Market hours it’s
the time of year is it a vol like it’s
worse in some ways than you know a
regular boss so crypto kind of gives you
a little bit more freedom but I’m the
same as you I’ve recently pivoted into
other ways to kind of just monetize you
know with the prop firm with you know
paid Community because trading
fulltime is I don’t think viable for the
majority of people yeah um and I also
think it is not conducive to to doing
well if it is your only way that you can
make money because then you’re trading
because you need the money you’re going
to force trades you’re going to take
trades that aren’t there cuz you’re like
hey I need to make some money this week
whereas if you have other streams of
income you know then you’re just taking
kind of those really high quality setups
as opposed to you know trading cuz you
have to brief Interruption here guys do
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to be below yeah I mean there’s the the
saying never never use money you can’t
afford to lose which literally
translates to don’t trade for a living
yeah because if your life and your bills
and everything depends on that you’re
going to be an emotional nutcase and
you’re not going to be able to have the
the focus and the discipline to actually
perform in trading so you always have to
have some sort of stable income you have
to have stable income stable emotions
basic needs met and then that’ll allow
you to perform in trading because you
have to be mentally stable to perform in
trading if you don’t have those other
things lined up you’re not going to be
able to be a good Trader maybe some
people are a small fraction there’s
already a 98% failure rate of those 2%
who are making money a lot of them
probably do also have some sort of base
salary or income huge nest egg or
something like I always tell people like
how much money I’m like listen if you
don’t have at least a year of all of
your expenses covered like not your
trading account is paying for your bills
like I’m talking you’ve got 50 whatever
the number is 100 Grand in the bank
where it’s like okay I know I could make
zero this year my rent is paid my car is
paid I can buy groceries I can do all
the stuff I need to do if you don’t have
that exactly you are not going to be
whether you want to admit it or not
subconsciously you’re going to have uh I
need money
kind of view on the market and you’re
probably going to force things that
aren’t necessarily there trading is one
of the biggest battles of you versus you
I mean it’s you versus your p&l there’s
yeah it’s the market is there but you’re
really battling yourself yeah you’re
battling your emotions you’re battling
fear you’re battling greed and those
things are very hard to manage on their
own and if you add that added stress of
like oh I also you know got to pay rent
this month I went into that when I was
in my early 20s and I quit my job very
briefly like I’d built up this small
amount of money and I’d moved out of my
dad’s house and I’m like oh I’m going to
like do this I was like oh wait like I
need rent and I haven’t taken any trades
this week so like I’m now taking a
bigger trade than I might have normally
taken just because I’m like I need the
money faster and stuff so no I
completely agree I think the the whole
lifestyle of like oh I just trade
full-time I wake up every day and I
trade that’s why you see most people on
social media it’s like there’s a reason
they’re on here they’re creating the
content for exposure for whatever
product they’re selling which I don’t
have a problem with it I did it for 20
years I’m still doing it but it’s uh
people need to have that reality check
of a lot of their bills are being paid
with the business that they run because
they created a business around trading
which anybody can do but you also have
to be able to perform in trading to show
that and actually have a rep reputation
that you can stand behind you got to
have the social proof yeah right but a
lot of the guys like so there’s some of
these newer Instagram guys right like
and I I I’ve talked to a few of them and
I’m like I’ll talk to my audience about
them they’ll say what do you think about
this guy say
listen I don’t care like this guy might
be the best Trader in the world but he
drives a Bugatti he has this guy’s 24
he’s got a Bugatti he’s got like
multiple Ferraris he has six or seven
Richard Mills he lives in Miami I’m like
he’s 24 like unless this guy has a100
million trading account he is not paying
for that lifestyle from Trading
yeah it’s impossible CU he’ll show
Mostly people in the Forex industry of
course well you made 15K today I was
like that’s still not enough for a
Bugatti like I I don’t know what to tell
you like that’s like a 100 millionaire
person car yeah um so I mean obviously I
think he’s got some family money but he
she sells a and again I have no problem
with it I don’t know if he can actually
trade or not there’s a lot of it’s very
easy to falsify stuff especially in the
FX world with all the broker statements
in the back end you can make everything
you can buy L times they own it yeah and
so it can all be manipulated I’m not
saying that they are but uh it can be
it’s just like I think coffeezilla came
out with an episode uh re revealing uh
what was the name I can’t remember who
new trades well him but there there was
Nor trades but there was also
another uh a guy who was running a big
Pam account and he had just like a bunch
of people but he was manipulating all
the trades behind the scene and he Bally
running a Ponzi scheme just bringing
people’s money in yeah
uh but yeah we’ll have to link to it
below or something but yeah it’s the
back end of like the cfd non-regulated
broker can be manipulated if you want it
to yeah I mean everything you got to
take with a grain of salt I always tell
people I mean the best way you can tell
if someone’s legit or not is like watch
their stuff and does what they say
actually happen yeah right because me
showing you like look at how much money
I made on a Bitcoin trade I could that
could be Photoshopped it could be
anything it could be one good trade out
of 15 bad ones I could show you the
percentage and it a dollar position
right it’s like look I’m up 300% it’s
like yeah but how big was this like
anything so it’s like okay I I post
videos every week where I think here’s
what I think is going to happen I also
tell people I’m wrong half the time at
least um so well there’s only two sides
of every trade there’s either a happens
or B happens you have to prepare for
both those yeah and it’s either going to
go up or down um and I’m going to make a
educated guess on one of those two
outcomes um and if I’m wrong I’m you
know prepared to cover my downside or
whatever it is but
anyone who I think sells Lifestyle first
usually you got to be a little wary of
where they just like look Lambo Rolex
look at this huge stack of money I’m
like first of all who goes to the bank
and just takes out tens of thousands of
dollars and just has it laying around
their house like that’s crazy like use
your Visa um but uh yeah it’s it it’s
the the the lifestyle the FX you know FX
lifestyle guys I find it quite funny and
I mean it is what it is I mean clearly
it’s working for him cuz all of
have I don’t have a Bugatti I don’t know
I don’t have a richar mill so maybe I’m
doing it wrong yeah right yeah it well
it’s annoying because I see it and I’m
just
like these little [ __ ] man and I’m
like I don’t have it any like maybe when
I was younger I used to be a lot more
flashy in that kind of that kind of
Lifestyle but it was also in stocks
there wasn’t that kind of money on the
business side in stocks in Forex there’s
the broker side the course side the bot
side the EA side uh there’s a lot of
different ways and then they just throw
all the Lambos in your face and people
just eat it up it’s like Miami is just
like a Cess pool
of the dream right it’s like buy my [ __ ]
this is going to be you and it’s like I
can almost guarantee you know it won’t
be like even if this guy’s the best
Trader in the world and you’re copying
his signals like how big is your account
like is it big enough to you people
don’t realize like if you’re
earning let’s say let’s say you’re
risking 1 to 5% on a trade okay well now
start doing the math how big does your
account be have to be for you to make
five figures in a month six figures in a
month pretty big yeah uh when you factor
in your win rate and all these other
things so it I think it’s it’s feeding
into that human emotion like you said
earlier about like getting rich quick
and the fomo that people feel and crypto
has a ton of that as well um crypto what
we’re seeing right now is this huge push
on these kind of meme coins that are
being launched where they they used to
just be Dogecoin that was the one it’s
crazy and then there was Pepe coin and
now there’s Sheba enu and that was even
now now there’s so many derivatives yeah
uh where these people are spinning these
coins up and they’re going up so much
percent people are buying marketing
game some sort of anticipation of
whatever this meme coin is raise a
capital and most of them will never hit
escape velocity will it actually become
a sustainable market like Dogecoin is a
legit coin now like whether or not you
car like it’s G to it’s not irally how
that just worked it’s a you know multi
hundred billion dollar coin like it just
it is what it is it’s endorsed by Elon
Musk basically exactly so it’s kind of
hit that escape velocity where so many
of these are legit pump and dumps where
the early insiders who launched it or I
get offered token allocation every day
in my DMs if I had no morals um I could
cash out crazy with the audience that
I’ve built uh cuz people say I’ll give
you 1% of the supply okay well take four
or five of those deals I tweet out hey
the new coin is um Chihuahua coin right
it only has to go up to you know a
couple million bucks all of a sudden
I’ve made six figures yeah there’s also
the uh the potential of a sec
investigation Canadians Gary you can’t
come you can’t come get me I’m just
kidding I’m pretty sure they can come to
people got popped for that during kind
of like the last uh craze I think
they’re like Jake Paul well you know uh
cuz you’re in the stock world you know
Zach Morris and there another guy named
Hugh and these guys were like penny
stock callers yeah yeah and their case
and it’s all paid their case just got
dismissed they basically but they’ve
been on house arrest for the last couple
years um but this guy’s got a half
million followers and basically he’s got
paid group they load up on some penny
stock then he tells the paid group right
they load up and then he would tweet it
yeah and just there was so much momentum
behind it you know it would go up 50 60
70% which in the stock world is crazy um
and then they would cash out but they
managed to get off I don’t know how
because it was like I’m like this is a
101 this is a pump and dump like they
have the information in advance they’re
acquiring it but at the same time it’s
like are they not allowed to tweet out
whatever they want about any ticker I
don’t know it’s a pretty gray space yeah
it’s a interesting game the whole penny
stock pumping up it used to be a lot
more prevalent back in like 2005 to
2015 is when I was kind of deep in it uh
but a bunch of people got popped for
doing the paid penny stock promotions
cuz a lot of times there would also be
disclaimers like I was paid x amount of
dollars to do this so they started
putting disclaimers out but uh but yeah
now the the meme coins are basically the
it’s the same thing yeah it’s the exact
same thing there’s people who are in
early and those are the people who
generally are making the money but that
that’s all that it takes all you have to
hear is one guy put in a th000 bucks and
he made seven figures and you’re one
story of winning the lottery is what
sells everyone which is just so stupid
can’t win if you don’t buy yeah so got
to buy yeah it’s crazy uh anyways I
wanted to try to get into kind of like
what your your philosophy on trading is
what your trading strategy is mindset
daily routine for uh what you do so
let’s just start off with maybe what’s
kind of like your your go-to way to make
money trading yeah so I used to be a lot
more active like I was actively trading
during the sessions you know London New
York um with crypto I used to day trade
crypto um because there was so many
different tokens and it was so volatile
especially when the Market’s bullish um
there was always money to be made it
seemed um but that was that was early on
and I’ve what I’ve feel like I’ve kind
of discovered about myself with trading
is I’m I’m much more of a swing Trader
just personality wise I have a much
easier time getting in a position and
sitting in it um and waiting for it to
play out as opposed to trying to be in
and out mul times and you know picking
up 100 pennies I’d rather just make a
dollar you know I mean um so uh in terms
of how I generally trade
crypto usually if I’m home and I’m kind
of in my normal routine um I wait for
the weekly close on Sunday at 4: or5 p.m
my local time um and then I’ll start on
those High time frame charts so I’m
starting on either the weekly or even
the monthly depending on where we are in
the year and I’m kind of trying to
determine my bias for what I think the
next monthly candle is going to look
like and the next weekly candle is going
to look like uh and then that’s going to
drive all my decision making for shorter
term trades and also for you know what
I’m looking at like if I think like
right now you mentioned you short
Bitcoin I’m kind of bearish on bitcoin
right now as well I don’t like using the
term bearish because like I I still
think we go to 100K healthy pullback but
yeah like let’s say we go to if I think
we’re going from 65 to 50 I don’t
necessarily want to be holding that
entire draw down so if I think the next
weekly candle is down on bitcoin I’m now
going to say okay altcoin is generally
more reflexive not just to the upside
but the downside as well right so I’m
going to be looking at some of these
altcoins like a salana or something like
that that is pumped like crazy salana
went from $10 to $200 in the time that
Bitcoin went from you know 20 to 60 um
that might correct even harder so where
Bitcoin might pull back 10 to
15% some altcoins going pull back 20 30
40% yeah um so usually I’ll use those
High time frames to determine my
directional bias do I think we’re going
up or down that’s kind of the first
thing you have to determine like you
know am I looking for Longs am I looking
for shorts um and then I will try and go
and find um the coins that I think uh
you know are going to offer those you
know best setups I’m a technical Trader
I don’t know what the coins do I don’t
care I don’t know oh what chain is it on
what I don’t give a [ __ ] people always
ask me like well this there this coin’s
partnering with this I was like show me
one coin any of them that does anything
any including Bitcoin like what does it
actually do do any of these coins that
launched and said hey we’re going to use
this and it’s going to be used for this
and we’re partnering with BMW and I’m
like sure you are um listen I understand
salana is used for a lot of things
people are using it to trade between
different altcoins made on the salon
like it does stuff yeah I don’t care
it’s mostly just okay what is the
narrative AI gaming exactly so I don’t
care what the actual tokens do what’s
the hot narrative where when things go
up it’s going to go up like it’s kind of
a hot ball of money in crypto right
where it’s not everything’s really going
up it’s like okay first it’s meme coins
then that becomes AI then that becomes
gaming tokens now it’s metaverse and now
it’s back to the majors so it’s kind of
trying to figure out what the hot ball
of money where the volatility is that’s
what I really care about I’m a
volatility Seeker so I I try and tell
people very simply it’s like I’m looking
at the chart the chart drives all my
decision- making I’m not you know doing
any sort of fundamental analysis and be
like Oh Elon Musk is going to Tweet
about Doge so I need to Long Doge price
is the truth bro yeah if the chart says
it’s going to go up I’m going to try and
long it um so yeah start high time frame
determine the direction I think it’s
going to go I’ll see maybe if I’m
bearish I want to see maybe stuff that
is overextended to the upside and really
outperform so recently we’ve seen salana
and Ai and some of these kind of sectors
really go crazy so maybe on the downside
we’re going to see some serious snap CBS
um and then my trading strategy is based
on the daily and the 12-hour chart and
I’m executing on like the H4 the H1 yeah
I look for very basic patterns um I find
that the stuff that you could learn on
like baby Pips finally enough like it
works on crypto because it’s not a
sophisticated Market it’s you’re trading
often against other people very much PVP
whereas in the stock market you’re
trading against like crazy high
frequency algorithms you’re trading
against institutions with Quant
strategies that are way smarter and more
sophisticated than you pointing and
clicking totally different price action
for sure same with Forex because it’s
institutional flow yeah so it’s it’s not
like the patterns that you see basic ta
doesn’t really necessarily work that
well no so I I find that super basic ta
works really well in crypto um generally
like if there’s a level that gets run
above and back below like that was the
Trap right and you can they’re not this
the ShakeOut is not that complex it’s
not that tricky and so um but yeah and
then I’m I’m I’m generally looking for
you know holding a trade I don’t really
like to hold trades for more than you
know maybe a week or two it’s kind of my
time frame um so that’s my trading itch
start the high time frame figure out my
directional buys then go look for you
know setups on kind of the Inay charts
uh but then I’m also a long-term kind of
accumulator so as soon as the weekly or
three-day chart puts in bullish Market
structure I usually just start buying
Bitcoin and ethereum so that happened
around 20K so we had that kind of FTX
crash where it went from 2025 to 15 and
then it kind of was basing there and
then once it reclaim that floor it made
a higher higher in the weekly I’m like
this probably goes up yeah uh and so
outside of my trading I will just buy
you know use trading profits I’ll cycle
them just into Bitcoin and ethereum
primarily and I will just hold those
until we get some sort of high time
frame Market structure shift if you look
at all of the previous tops um the top
wasn’t in until the daily Trend changed
and there’s a few ways you can do it I
just use the chart higher highs and
higher lows you can also use EMAs or Mas
like once it kind of loses that high
time frame EMA or ma good chance that
this kind of predominant trend is done
and now you want to be short if you look
at like just even this the 50-day simple
moving average that’s been a great
determination of when the bull market is
over yeah and you’re going to miss yeah
you’re going to miss the extremes but if
you’re basically staying true to that
and people like can’t be that easy I’m
like it is the problem is is when it
breaks you’re going to be so euphoric
about it continuing to go higher you’re
not going to listen yeah and then you
look in hindsight the mindset game yeah
you look in hindsight you go if I would
just bought when this flipped I would
have caught near the low and if I would
have sold when it flipped I would have
sold near the high but again hindsight’s
2020 so yeah and I’m still a bull on
crypto I still think we’ve got I mean
we’ve never had an all-time high before
the having so this is different it is
different because we’re the last Bull
Run we pumped to 20K we bull flagged and
then broke above it so that it gave you
time to think and reset and then as soon
as that bull flag broke at 20K it was as
Off to the Races and then we saw three
pullbacks to the 50-day moving average
and then the fourth one was finally when
it broke down and then dropped 50% this
time we pumped from 30k 130% straight in
alltime high ripped above it and then
bull trapped everyone over the top yeah
and US stocks are looking crazy high
Nvidia is crazy [ __ ] high which is
holding the whole AI narrative up now my
concern is if if Nvidia crashes and we
actually have some sort of debt crisis
coming to fruition what’s crypto going
to look like because I don’t think we’ve
ever had a crypto bowl without a stock
bow we haven’t I mean um crypto
basically was born at the last start of
the stock bull market right 2008 2009 um
that’s when crypto started and I’ve
because I learned how to trade in the
traditional markets in FX and in you
know um stocks and things like that I’ve
always told people I was like here’s two
things that most crypto people don’t
want to admit crypto is a risk on asset
yeah and it just is like a it’s
basically a higher beta S&P 500 or beta
NQ it is and people don’t want to admit
it but I was like what is what has the
S&P 500 done since Bitcoin was at 35k or
30k it’s gone up 50% y bitcoin’s up
150% like it’s they’re very closely cor
correla they’re extremely correlated and
then someone will say well look stocks
went up this day and Bitcoin didn’t so
much for a correlation I’m like it’s not
one to one every sing but the general
Trends are when stocks are good crypto’s
good right that’s why when Happ
sometimes it decouples but not very
often
the S&P 5it you can’t tell me that there
is people wanting to put money into your
cryptos if we’re in a serious recession
like it’s a risk on asset whatever you
want to believe that it’s some safe it’s
there’s no way that that is true it’s a
risky asset yeah um and the other thing
is the dollar right the dollar Index
people don’t real I’m like what are you
charting when you’re charting Bitcoin
you’re charting Bitcoin versus the
dollar and you can pretty well map when
the dollar topped out uh when the dollar
bottomed that was the last alltime high
on bitcoin and then when the dollar
topped out that’s been the start of this
rally and the dollar is starting to look
like it might be basing here for a move
higher it just broke out of a descending
trend line just yeah I’m I’m I’m of the
same mindset as you I tweeted this
literally two days ago I said stocks
look due for a pullback I wonder how
crypto reacts and everyone’s comments
immediately are up only what are you
talking about screw you well they don’t
want to believe that their bags are
intive dissonance right like it’s like
this goes against against my bias that I
have in my head that I’m going to get
richer and it’s not over yet and so I do
think we’re at a very interesting point
we’ve never had an alltime high before
having I don’t think people are
realizing that these institutions first
of all they are not interested in making
you rich like it’s so funny crypto’s
whole ethos was screw the bankers yeah
right let’s get the power to the people
now we’re cheering on literal Black Rock
which is like the company that is like
the most evil Corporation in the world
cuz people will complain back Rock’s
buying up all the houses and that’s why
I can’t afford real estate it’s like
yeah they’re buying up all your Bitcoin
now too like but that’s cuz no one’s in
it for the tech they’re in it for the
money like we’re all here to make money
no one actually gives a [ __ ] about the
tech this could be anything CU nobody
even uses the tech no exactly it’s 13
years yeah into Bitcoin and is
still people will say oh I used the tech
it’s like you’re using the tech to
interact with the tech like you’re
trading on salana to buy one [ __ ] coin
for another that’s not real world use
yeah my parents aren’t aware of Bitcoin
still really right like there hasn’t
really been that Real World Adoption
where it’s like oh this is a currency
yeah I think the ETF is a step in that
direction but to to my point earlier
these institutions are interested in
making them money yeah so if Black Rock
bought all of this Bitcoin from you know
40 to 50K let’s say and and it does go
to 100 you don’t think they’re going to
sell yeah like those inflows can become
outflows it’s not like they and people
like they’re it’s up only forever we won
the game it’s never going down again I’m
like well I’ve heard that before a lot
of times but they can sell I I don’t
think black Rock’s just going to buy
Bitcoin infinitely forever yeah they can
sell it all this Bitcoin they’ve
accumulated which is now in the tens of
thousands billions of dollars worth of
bitcoin um they can sell it and if the
stock market is to turn over and maybe
they want to liquidate some assets and
Di and and you’ve seen a lot of rich
people and corporations start Bezos has
sold a ton of Amazon stock uh these are
things that generally happen around kind
of
mar uh JP Morgan Chase just sold his
first bag 150 million which is probably
not a lot compared to his entirety but
the first time he’s ever tooken profits
yeah since becoming CEO so I again I’m
not saying it’s over but I definitely
think that we are I think we’re further
along in this market cycle than most
people want to admit if you go on the
internet most of my friends and most of
the people I interact with online think
that the bull Run’s just getting started
yeah and that kind of worries me cuz I’m
like well I don’t know the bottom was
15K now we’re at 70 the high time frame
charts are all completely parabolic like
there’s no analysis you can do on the
monthly chart it’s it’s eight green
candles going straight up you look at
nvidia’s monthly chart it looks it’s
insane ridiculous yeah so uh I do think
caution is never a bad thing I still
would like to believe that Bitcoin goes
to maybe a my prediction for this cycle
top is like maybe 100 to 150 I know
that’s a big range but that’s kind and
if we get to 100 I’m starting to sell I
don’t care if it go to 150 if it gets to
six fig Bitcoin 100K is like my target
like okay let me get it get out of any
sort of long-term position uh and then
everything from there is just short-term
swing trades yeah no and I I I think
there’s a lot of euphoria and maybe this
recession that you know these macro
doomers been worrying us about for what
seems like forever I mean I don’t think
the economy has fully processed covid
still um the S&P and all these indices
that are trading so high are largely in
part to a small group of companies that
are doing really well top 10 yeah like
the economy as a whole in America right
now is not reflective of the S&P 500
yeah economy like there’s unemployment
what we have apple in video with the the
AI theme Netflix which is just a bunch
of [ __ ] yeah Google sit on their
couch watching T I’m sure Netflix did
well during when everyone was stuck at
home and they also made it so you can’t
share your account anymore so and they
raise their prices so it’s a little bit
worrisome you kind of wonder where like
the meat of it is but I mean maybe
that’s what we’re due for maybe we’re
due for some sort of kind of crazy large
ShakeOut but again it’s all how you
frame it like to me that sounds like an
awesome opportunity yeah right you just
don’t want to be caught holding the bag
when the Music Stops which most people
do which is that’s the the the tough
part about trading is how do you not
become that guy yeah well you got to
take profits along the way that’s what I
always tell people I’m like it’s because
stocks right you you have it’s money you
know what I mean yeah with crypto it’s
almost like going to the casino like
it’s poker CH like it’s chips it doesn’t
feel real it’s like oh these are chips
it’s like funny money I’m like none of
this stuff is real Until you realize it
right like you’re up a million doll
you’re like I made a million bucks like
K but are you still holding a coin are
you holding a stable coin people are
always posting screenshots of their
unrealized gains but it doesn’t mean
anything it’s not your money yeah until
perfect time to take profit by the way
anytime I’ve taken a screenshot of a
position I’m up on that is the Quee like
okay [ __ ] maybe close this immediately
cuz I just sent this to my friend or
something it’s like yeah that’s time to
get out that almost always works yeah
and even if you realize it in crypto
you’re still in the ecosystem right as
you know you know not to bring up anchor
I know it’s a soft point for you but I
lost money on like stable coin stuff as
well and being like I had cash on FTX
and I’m like I’m safe cuz I’m in usdt
yeah tell me the tell me the FDX story
yeah I mean and what was that uh what
was that experience like um it was a
learning experience for sure I I feel
like I should have known better because
I’d been around for a long time and I I
lost money on Mount GA I lost money on
quadriga so I know these exchanges can
the ringer already it’s like trading on
an unre regulated broker where you’re
like hey why are they giving me so much
leverage and they didn’t ask for kyc
yeah you ask for a payout and then then
they want kyc and then they deny you kyc
like so it’s I I probably should have
known better but I 100% got bought into
the Sam bankman freed the marketing was
too good yeah he was on Forbes he’s the
richest person under 30 he’s doing Super
Bowl commercials with Larry David and
Tom Brady they bought the naming rights
to the Miami Heat arena they’re
sponsoring like an F1 team it just I’m
just like you know too big to fail yeah
and you look at who the investors were
in FTX like these are some of the
biggest Venture Capital firms in the
world I’m like well they must have done
what annoys me about the whole situation
is that people were going after the
investors and people who participated in
the marketing yeah which is why is it
their fault yeah for what Tom Tom check
for Tom Brady right like it’s it’s at
the end of the day I don’t believe that
Sam started that company to like Bernie
made off like I’m going to [ __ ] people
over I think what happened is they went
from Z to 10 billion in a in an instant
um and everything was going up uh to the
point where they didn’t have the proper
controls in place like when you watch
the stuff about the bankruptcy and you
read the documents like they didn’t have
HR they didn’t have a board of directors
like they would find a wallet with 100
Mil on it on some shared drive on the
company computer where it’s like but
when you have tens of billions of
dollars like it’s like finding money in
your couch cushion yeah but when push
comes to shove and all of a sudden they
needed that liquidity and the market
kind of had a crash and CZ basically
said I don’t I don’t think you got it
like prove it you got my money here give
it to me I want to take it out it’s no
different than during covid like if you
went to the bank and you’re like I want
to withdraw 100 Grand they would say no
yeah right like the difference is is FTX
like they just they did they got
CAU the cookie jar um I think they could
have filled the hole it doesn’t change
the fact that yes they stole customer
funds to cover trading losses in hedge
fund that is egregious fraud um but I
think they would have filled the hole
because the exchange was such a money
printer like it’s the ultimate business
they had a hedge fund and an exchange so
it’s like you’re playing poker you’re
the casino you’re the dealer and you’re
four out of the five SE at the table and
then you’re the one other guy like they
know what your cards are they know what
their cards are like they had it all
figured out they just got greedy they
got greedy and I think they were
unorganized and um they probably could
have done with some maybe more senior
people to help them you know plan and
things like that I think they got just
too big too fast uh but yeah it was a
very expensive lesson for me um no
different than what we were saying with
the realized profits that’s not your
money until it’s in your like your bank
account even then like I trust the banks
but I still I trust the bank more than I
trust any of these crypto exchanges yeah
and this just goes to show it doesn’t
matter how established they are who the
owners are it does not matter if it’s
kyc all that stuff until that money is
realized it’s like hey I’m I’m paying my
rent with this money I’m paying for my
mortgage my car payment it’s not yours
yeah and you can also get hacked yeah
which is just yeah that’s the other
thing about crypto and I’m I’m older
right like I’m like in my 30s like for
crypto years like we’re Boomers like we
we’re old this is a young guys game and
it almost stresses me out all of the um
you know points of failure that there
could be it’s like okay the exchange can
go down you could forget your password
for your Ledger you can mistype one
letter on your wallet the money it’s not
like you can call and be like hey I [ __ ]
this I [ __ ] this transaction up can
roll it back like it’s gone no there
there is no other system where you can
lose everything so quickly oh my God
which is super scary because you can
build so much wealth within crypto and
it can to speak G like that and there’s
nothing you can do about it yeah so I
lost uh I lost over well over seven
figures on FTX um luckily I’ll be
getting all of it back which is awesome
um but you know November’s value so that
money in today’s dollars would have been
a lot more but that’s just shows you how
much the market has gone up yeah um one
other thing with crypto right is
generally these major events that happen
that’s what marks the tops and bottoms
right like so when FTX 3A and Luna went
down max pain Max fear that was the
bottom yeah that that was what made it
even more painful is I was in cash cuz I
was I sold near the highs and I was
waiting for something big to blow up and
it just happened the thing that had all
my money on was the thing that blew up
cuz I was waiting to buy I was like man
if we get below 20K like I’m going to
buy a bunch of Bitcoin and a bunch of
ethereum and whatever else and it turns
out that’s where I had most of my money
so that was yeah I had it similar
situation but I don’t get the money back
unfortunately but I had 2 million on us
anchor protocol earning 30k a month
which was obviously same thing should
have known better too good to be true
but there is again a lot of people with
big money all making money on this and
that was also going to be my buy the dip
fund yeah the two mil so like okay once
this all [ __ ] comes crashing down
that’s going to be my my bag to start
loading up on a shitload of coins but I
probably wouldn’t have been as confident
uh cuz I thought Bitcoin was coming all
the way down to 10K so I would have been
uh more cautious but
also losing that money also hurt my
confidence as well to then buy anything
it help it made me lose more trust in
crypto made me just more like okay less
risk on not willing to take as much risk
because 2 mil it’s a big insane big
chunk yeah you live in a place like Bali
that’s all the money you need I was
going to I was actually going to build
all three of these with it as well with
some of that money but now I just sold
it all for profit for these other two
Villas here yeah no I I was the same way
like I even now I am not trading with
nearly the size that I used to um
because I don’t trust any of these
exchanges so you know I’ll put on I’ll
put 100 to 200k on Exchange I’ll try and
run that up and then I withdraw yeah
back to that original Baseline I’m
putting it in cold storage or I’m
cashing out to my bank account um
whereas before I would leave Millions on
these exchanges and take these crazy
huge swings and it definitely hurt my
confidence cuz yeah I wanted that money
to buy the dip and I I’d never lost that
much money in one single go even though
it wasn’t a trade I was like this is you
literally just try to log in one day and
you’re like wait a second where I I
can’t I just got to Dubai where it’s is
like the most expensive place in the
world and I was there for like two weeks
with my fiance and like we’re with all
my crypto buddies and I’m like one of
the you know like I’m just like dude I
just lost like you know a huge part of
my net worth but uh
I mean listen it’s a lesson and uh yeah
keep your money safe yeah because who
knows what’s going to happen and Co was
a I think a wakeup call for some people
too with like you know seeing that the
banks aren’t necessarily going to they
don’t have to give you your money like a
lot of small Banks went out of business
but what is it FDIC only 250k a lot of
people have a lot more [ __ ] money
than 250k in a bank yeah no if you got a
lot of money you want to be at multiple
Banks um and and I would buy physical
gold um have cash I mean a ledger crypto
is good for that like if you have a
ledger you know you can kind of travel
around with a bunch of money yeah um but
yeah it’s it’s I think covid was a
wakeup call for how fragile the system
really is when it gets stressed really
hard like it seems like it worked
perfectly and everything’s fine when
things are working so who knows man I’m
not saying we’re going to see some sort
of Black Swan but if we get some sort of
even like a 10 to 20% correction stocks
I that’s gonna be brutal for crypto I
think I I personally believe and I again
I’m I’m but we could see cry Bitcoin
back in the 40s and people who to me and
you that’s amazing I’m like yeah Bitcoin
back up 40 and I think it’s going to 100
hell yeah the problem is people who
bought at 55 60 70 back in the 40s is
like I can’t go back there and that’s
the problem I think a lot of people have
is your emotions and your ability to
manage them are generally dependent on
where and how you’re positioned yeah
like you’ve gotten into a bunch of
altcoins and stuff over the last two
weeks every couple percent drop is
hurting you right now you know like
we’re quite a ways off of a lot of the
we’re 15% down from the highs on bitcoin
already so if you bought at 70 and we go
back to 40 are you going to hold that’s
going to be a big big drop yeah and it’s
not even that much more of a drop from
here maybe it’s another 20% 25% but if
you’ve been holding from that high
that’s when it’s and that’s how the
bottoms are formed right it’s those
people the fear who’s getting stopped
out so we’ll see I would love the
opportunity to buy Sub 50k like or
ethereum in like the mid 2000s again
maybe it happens maybe it doesn’t but I
know right now if you posted online said
bitcoin’s going back to the 40s no one’s
going to want to believe it everyone
would flame you which just makes me even
more confident that it is a possibility
yeah 100% all right bro well I want to
do like a little rapid fire question uh
round and then I want to ask you one
final question so 15 questions you ready
ready Bitcoin or
ethereum ethereum spot or derivatives
spot black or white black Canada or USA
USA which is I’m sorry guys but this is
a better country he’s Canadian by the
way if you don’t know morning person or
night person night person Biden or Trump
trump long or short
long work or
pleasure I’m pleasure yeah you can’t
have one without the other yeah
celebrity crush uh my fiance uh no uh
what’s her name um Megan Fox and the
original
Transformers classic the
throwback favorite movie of all time
Star Wars bance or by
bit uh I’m sponsored by bybit bybit best
exchange in
[Laughter]
crypto most influential Trader or
investor to
you to
me ah it’s got to be it’s got to be
Warren Buffett man I mean the guy’s the
goat yep it’s got to be Warren Buffett
Bitcoin goes 100K or 40K
first 40 what’s more important trading
psychology or trading strategy
psychology who wins today’s golf game me
or you
you we’ll see we’ll see all right so one
last question what would be your one
piece of advice to someone watching this
today that you had to learn the hard way
but if you told them now that could
change their life uh it’s a marathon
it’s not a Sprint I know it’s corny um
but trying to make money quickly often
times will make it harder to make money
quickly it’s going to take you longer um
it’s trading is so much about being
process oriented um and learning the
proper habits and skills and things that
you’re supposed to do and then repeating
them over and over and over again uh I
think that’s why a lot of people who
were former athletes poker players
things like that where repetition um is
how you improve at your craft can do
well in trading um it’s doing the right
things and the same things every time
over a huge data set right like the way
you know your strategy works is you’ve
seen this pattern a thousand times and
75% of the time it does this so you
position yourself accordingly um so
trying to build those habits takes time
uh but don’t rush it I think um most
people would be better off focusing on
the process moving slowly as opposed to
kind of jumping in with both feet right
away because they you focus everyone
focuses on the reward um with trading
this if I buy this here and it goes to
here I make up this much money no one
ever thinks of the the downside like
what is the risk I risk first with my
trading how much am I going to lose if
I’m wrong because that’s just as likely
to happen if not more likely than me
being right um so I I I try and tell
people that I’m like realize like this
is all a big giant kind of
statistical experiment that you’re doing
here and to build the good habits and
the processes to get the data to
actually go and execute takes a long
time so if you’re coming into this thing
just hoping that you’re going to buy
something and make a bunch of money
you’re probably gambling like if you’re
taking this as a Trader focus on the
process take your time and that’s going
to yield you way better results because
if you start slow and small and you
build up these good habits when you
start getting more money taking that
trade where it used to be a risk of a
thousand it’s now a risk of 10,000 it’s
easier to handle that emotionally and
the psychology of that’s easier because
it’s okay it’s just one R it’s just 1%
of my account or whatever it is whereas
if you go from just saying hey I’m
risking five grand now I’m risking 50
Grand on a trade mentally $50,000 is a
ton of money yeah um but if you’ve built
in those good habits early on I think
down the line in you’re training your
career your ability to scale the size of
your account the size of the trade
you’re taking and getting richer uh
becomes way easier uh so I think you
know be take it slow uh it’s a skill
you’re trying to learn right like you
want to be a doctor go to school for
eight years you learn how to play guitar
put in 10,000 hours um this is no
different otherwise you’re probably just
gambling and uh there’s nothing wrong
with that but there’s a lot more risks
uh you know involved if you’re trying to
do this as a as a professional treat it
like that treat it like a business
awesome cool Dylan thanks for having on
Great Value cool awesome thanks guys see
you later

TraderMayne, Dylan, Was a former accountant when a friend of his mentioned Bitcoin would change of the economic world as we know it over 10 years ago. What started out as an invite to what seemed to be a pyramid scheme turned into a journey of navigating the crypto trading world and turning into a millionaire! Welcome to Episode 1 of the Wolf Principles Podcast.

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Chapters:
00:00:00 – The Battle of You vs You in Trading
00:02:51 – Welcome to Bali and Digital Nomad Lifestyle
00:05:51 – Shorting Bitcoin in the Bear Market
00:08:34 – From Side Gig to Full-Time Influencer
00:11:00 – Career Perspectives and AI Marketplace Introduction
00:11:33 – Skillful AI Ad Open
00:14:02 – Skill AI Close
00:16:17 – Trading and Learning from Market Cycles
00:19:04 – Missed Bitcoin Opportunity
00:21:53 – The Volatility of Crypto Trading
00:24:48 – The Rise of Bitcoin and Crypto Trading
00:27:39 – Trading Altcoins and the Meme Bros
00:30:15 – Hydrafunding ad
00:31:33 – Hydrafunding Ad close
00:33:09 – The Battle Within Ourselves
00:35:49 – The Deceptive FX Lifestyle
00:38:25 – The Risks of High-Risk Trading Strategies
00:41:14 – The Game of Penny Stock Pumping
00:44:09 – Altcoins and Volatility
00:46:51 – Trading Strategies in Volatile Markets
00:49:46 – The correlation between stocks and crypto
00:52:37 – The True Motives of Financial Institutions
00:55:24 – Bitcoin Price Prediction and Market Analysis
00:58:12 – Lessons from Trading on Unregulated Exchanges
01:01:05 – Losing Money in the Crypto Market
01:03:55 – Losing Confidence in Crypto Trading
01:06:43 – Emotion Management in Trading
01:10:02 – Building Good Trading Habits

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