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Oct. 13, 2025 - Fresh & Fit
01:03:49
How To Trade Stocks And Win Big In 2025 w/ Bernd
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Guys, welcome back to the podcast Fresh and Fit.
Today we're gonna interview Byrne about trading, how to win big in 2020 25.
Let's go.
Alright, fellas, we're back.
It's money money, man, best day of the actual week.
We cover money uh topics, for example, of guests.
But welcome to the show, Bern.
Thank you for having me, Fresh.
Yeah.
So I know you are, they may not.
Tell me who you are, brother.
So um I came all the way from Dubai.
Originally you might hear that from my from my accent.
I'm I'm from Germany, I'm German, but I live in Dubai since 2009, so since more than um 16 years now.
And um I consider myself uh I'm a full-time trader, but I consider myself a multi-asset trader.
Um I'm trading everything like stocks, uh futures, FX, and um I gained popularity, I would say, online when I became 2024, the all-time record holder for the biggest uh prop firm in the world, which is FTMO.
And uh ever since, you know, um yeah, I'm pretty much uh also very much uh uh public figure on social media.
Yeah, I've seen your videos online, of course, and your interviews, pretty good stuff.
So listen, man, we had a big upset in the marketplace.
Um people lost a lot of money in leverage trading uh recently.
Some committed some uh personal harm to themselves, some you know, quit and just went off into sunset.
But either way, people were definitely hurt by this uh offset, you know.
Uh can you tell me a little bit about whether what happened there, why they lost all their money in that instance?
Well, I mean that's the reason why trading has such sometimes uh a bad rep because people think it's super risky, but it's actually not if you do it professionally.
And that's the problem because these people who lose everything, usually these are not real traders.
These are I would consider market participants.
They don't have real skill because the market is accessible to everyone, right?
It just takes well 60 minutes to open up a brokerage account, um, and then you use your uh uh visa card and the deposit some money and you can play some trades, but you don't have any kind of skill.
You don't have any kind of experience, but then you basically can bet all your money.
It's like going to the casino for these people.
100% and and that's and that's a big problem when it comes to the financial market.
So people think oh trading is risky, but actually if you do it professionally, like a um skilled trader, it's actually I would always I would always say it's less risky than any other business because you can always determine what you want to risk.
You can tell fresh, hey, on this particular trade on cryptocurrency, whatever it is, I want to risk a thousand dollars, ten thousand dollars, five hundred dollars, fifty bucks.
You determine your risk tolerance, you determine your risk, and that's the maximum you can then actually lose.
But these people they bet like the house on on it, and then you know when it goes south, they lose everything basically.
And then they lose everything.
That's a problem, right?
Yeah.
So people watching want to be pros, they want to make money this year.
Of course, yeah is almost finished, but they want to capitalize on what's happening with the marketplace.
Now, obviously speaking from your background, how'd you get into trading and how'd you become the number one uh record holder for FTML?
Well, um I have a normal like I'm a normal dude.
I have uh I have a I have a uh normal university degree.
Um I also uh studied a little bit in Santa Barbara at the UCSB.
Um like an exchange program back in the days.
Um and after my studies, I immediately moved to Dubai and I got a job, a corporate job in the automotive business at Audi Volkswagen, Middle East, so the car brand.
I I was working in the in the car sector.
Car industry, uh car industry, so to speak.
Do you prefer Dubai or or Mammy?
Sorry?
You prefer Dubai or Mammy?
What do you prefer?
You know it's it's it's an interesting question.
It's so similar.
It's so similar.
Um it's almost the same.
Basically, it's almost the same.
I would say right now I prefer Dubai.
It feels just a little bit more safe.
It is safer.
I'll say this though, Miami does have its uh good points because the culture here, the food.
Dubai is luxury, but not too much culture that's beyond you know the Arabic world, I would say.
Well, you have a lot of nationalities living in Dubai as well.
Like I mean, it's only in Dubai, it's like it's only in Dubai, it's like uh 10% locals, everything else is like experts, like you have like more than British people, yeah, a lot of British people, Germans, like all n all nationalities, like you have more than 190 n nationalities living in Dubai, like and peacefully, safely, right?
Because it's like a place to do business, and everybody is like wants to wants to do business and do well in Dubai.
That's why it's a great place.
I saw a girl obviously get arrested for having uh well, she was at a party apparently, and it was some I saw the news stuff that I saw the news as well.
Yo, that's crazy, bro.
I'm you know, these news pop up randomly.
I'm not sure if this is like orchestra or if this is like of yeah, so I would not put like I I really don't know, but I see these news as well.
But um I've never experienced something like that, obviously.
Gotcha.
All right, so back to Dubai, you go over there, you get a job in industry, automotive industry.
Uh what happened after that.
And then I just had a corporate job, and pretty quickly after a couple of years, I realized that the corporate world is not for me, that I don't want to be like for the rest of my life a slave of my desk, and you know, like have this nine to five grind and have a supervisor above me, and you know, doing like every day the same stuff.
Yeah, so then I realized well, the corporate world is not for me, so I should better do like my own stuff, right?
Be become my own boss, you know, become an entrepreneur, CEO, CEO of CEO of my own life, right?
So um, but no, but seriously, I was like, but I never knew what I wanted to do with my life.
Um I just knew that at some point in time I caught the corporate world is not for me.
So I stumbled up on on I stumbled on trading.
Yeah, and um it it's uh it sounded interesting that you can make money online basically from home and become not only financially independent, but also time-wise independent, and this was at this time more important for me because I was literally working like not 9 to 5, but seven to midnight.
You know, I had I had no time for myself.
So the time freedom uh that trading can potentially provide was more valuable for me at this time than the financial freedom.
Because I always had like um with my corporate job in Dubai, Dubai is also tax-free.
I always made decent amount of money.
So money was not free is the best part.
Here in America, uh, we're taxed very heavily.
Uh you can get you know, always around it with real estate, buying some heavy cars over six thousand pounds, but technically speaking, it's still our money gotta fork up for taxes.
But Dubai is pretty good.
It's pretty good, exactly.
So I always had like a decent amount of money, but the money that I made then basically I invested in my trading education.
So uh I found I found some guys in the in the US, um, some former old school uh floor traders from Chicago Mercantile Exchange and New York Stock Exchange, and I got some trade uh uh training from them.
Did you pay them for mentorship?
Yeah, 100% to for one to one hot commentership.
Okay, total amount of money you spend on mentorship, like total.
Fifty thousand plus fifty thousand dollars.
And this was inflation unadjusted.
This was back in the days, right?
So I I took all my savings basically that I had and I was investing in my own education.
It's what year was that?
Um so I quit so I quit my job 11 years ago.
This was like 13 years ago or so.
Yeah, because I know a couple traders myself that um go into the game and some worked at Target, some worked at you know, uh Home Depot, and they put everything into their uh career from mentorship and they blew it from there.
But it took a lot of time though.
It takes time, it still takes time, but you are like you're like in the right path immediately, right?
Because I can only imagine as someone that's new to the industry, I must make many mistakes.
So my money will be going down, and I feel like at that point, how do you minimize taking losses?
You would say.
I mean, even back in the days, the the trading world was completely different.
There was no YouTube, there was no like anything online, there were like a few couple of books.
And if you really wanted to get some real uh training on trading, then you needed like some personal mentorship.
So um there was I would these days I would consider there was much less noise.
So I'm glad that I started a long time ago.
There was less noise, so I really could focus.
These days it's like crazy, right?
On YouTube, and if you ch just type in how to learn trading, I mean it's information overload, like how to find the the real thing, it's really hard.
The problem I see now is that like I could type into YouTube, Google, and there's so many traders, I don't know who to trust.
And you know and what do you think?
Where does it come from?
Where does this come from?
Why do you think there's so many?
Do you have any idea what you would what would you think?
Because uh people want to make money.
Well, the problem is that in trading, so trading is a real profession.
So we have to we have to establish that.
Trading is a profession like any other other profession in the world.
Like becoming a doctor, lawyer, engineer, pilot.
It's a profession.
So but when it comes to trading, it's almost the only profession where there's no accreditation system, there's no certification system.
You know everybody fresh.
You can go now out and you know, you can make a YouTube channel about trading, and you know, you can sound very articulate and you know you can I'm a trader, guys.
Yeah, join my program.
You can exactly you can sell yourself very well, and then people you know know even less than you, and they're like, wow, this guy sounds smart, so let's buy his program.
And this is a problem in trading because there's really no accreditation system.
If if you are like a certified pilot or doctor, then you are one, right?
You went through university and you know you have certificates and all this kind of stuff.
When it comes to trading, everybody can call themselves a trader, and this is a big problem in the space, and that's why people taking advantage of that, and that's why it's so hard to find the needle in the haystick.
And these days it's the needle in the haystick because you know, I would say 95% of the information out there is BS, you know, sorry to say.
So I started learning uh some trading stuff, some protocols.
And um it's funny because typically speaking, Wappen, you see people online with nice cars, lifestyle, you're like, wait, what's this guy do for a living?
Oh, I'm a trader.
But then I'm like, how often do you have to trade versus you show your lifestyle online?
That's already, you know, for for real traders, for me, this is already a red flag.
If the marketing is purely based on watches, cars, houses, uh flights, you know, like holidays, you know, like the the high life.
That's all the biggest like one of the biggest red flags that for me personally, because you know, nothing wrong with having nice stuff.
I like nice stuff as well, but I don't like push it in like hey, look, I I bought this nice Lamborghini because I made X amount of dollars with trading.
That's like uh it's misleading.
So you don't want to flex at all?
Hey man, burn his hair with the Lamborghini eventually are pulling up on you as man was good, bruh.
No, that's not my style to be honest.
I'm also I'm I'm 42, I'm 42.
We actually before the podcast, it's quite interesting.
We we share the same uh birthday, right?
Second of October.
That's a random man.
It's so random.
Yeah, uh October 2nd, right?
October 2nd, both of us, yeah.
Happy birthday.
Yeah, so happy birthday, bro.
I turned up.
I was uh doing my thing.
If I'm a close friends on Instagram, you would have seen it.
So nope.
Yep.
Um so yeah, no, I'm also I'm 42 years old.
I'm I'm too old for that stuff.
I have family, I have a I have a uh 11-year-old daughter, so I feel when I got older, man, I I just start caring about certain things.
Like uh before I used to like kibble lifestyle and going out.
That's more like I just want to make money, beyond good people, you know, make connections and network.
Before it's more like just have fun, party, but just don't really real joy in that other than just like a fast moment, you know?
So I agree.
So let's talk about you getting the record uh FTML.
Yes.
Uh being number one is hard to do it, especially in twenty twenty twenty-four.
Yes.
How'd you pull that off?
Well, I don't know myself.
No, I mean I I had I had already so I started prop trading.
So m the people that are watching what is prop trading.
Exactly.
Exactly.
I just wanted to explain just briefly.
I think people who are watching don't know about prop trading.
So prop trading.
So the biggest obstacle these days, or not these days, the big biggest obstacle that people usually have when it comes to trading is the lack of capital, right?
Um so um, but these days you have prop firms, so that's the solution to the challenge, lack of capital, because you have firms, they kind of fund you capital up to 200,000, 300,000, 400,000, up to the much?
Exactly up to a million or even more.
You what?
Wait, hold on.
So I can come into this with no money and get 100k, 200k.
Yes, so um usually it's like you have to you have to pay a little fee, it's not much.
Like for uh let's assume for a 200,000 dollar account, you have to pay uh a thousand dollars, and with that thousand dollars, you get access to a test.
It's like a driver's driver's license test, basically.
Okay, so you have to pass that.
It's like they call it a challenge and evaluation, prop firm evaluation.
And if you pass that driver's license, that evaluation, then you get that funded account.
Exactly.
And you're qualified, and then you get that funded account.
Okay.
Like then you can trade 200k and you can scale up to like a million or even more.
So at some point at some point I was managing 4.2 million dollars in prop firm capital in in 2024 at some point.
And then obviously, you know, as a trader, if you say, hey, I make between uh per month one to five percent return per month, you know, then it makes a real difference, right?
If you fund your own account with a thousand bucks and you make like one percent, it's like what is that?
It's like ten bucks, it's nothing, right?
It's not life changing.
Even if you put 10,000 in your trading account, 1% per month is like a hundred bucks.
It's really not life changing.
It doesn't do anything, right?
So but if you talk about 200,000 now making one percent, it's like 2K.
And for a lot of people, that's a lot of money, right?
Let's talk about the we have to consider the mainstream, the norm, right?
Yeah, so but and then when it comes to you're trading this fund this funded account, so if you people think, oh, but it's I can lose 200,000.
No, because there's no real downside, because if you lose money off that funded account, the firm covers it.
You don't have to cover the money if you lose it.
And if you make money, there's a there's a there's a profit split.
So there's like usually it's like 80 20.
So 80% you uh you keep and 20% the the firm keeps.
So there's actually that's why I'm I consider myself by by the way, there's no I don't have any affiliation to anything to any firm, nothing.
Also not to FTMO, obviously, although I'm the all-time record holder.
Um but I I consider myself a a prop trading ambassador because it's so life changing, because it really like there's no more excuse of I don't have money, because really the only thing is right now, the only thing that you have to do is learn the skill how to trade.
And then you if you have the skill, you can get funded, and then you know you can make money with like uh funded accounts.
That's the beauty of America, man.
You can come over here, um, get funding, whether it's the bank or uh a lender that wants to trust you, use that money and create a business to change your life.
Um but for most people just they just don't know how, you know, for the most part.
Um so you're telling me I can get into a prop firm, uh leverage their money, make money, and then if I lose, they'll cover it.
Exactly.
Okay.
So it's pretty good, me.
The only thing that you can lose is the fee that you pay initially for the challenge, like for the test, driver's license.
So the so what's the downside?
It gotta be some downside at all.
None?
There's the the downside is well, the downside is obviously that people use this not responsibly, that they use this also as a you know, last resort in a way that it's like they're using this as a casino.
Because you can do these tests, these evaluations as many times as you want.
You can you can pay for a thousand tests and then you can do even like one more, two more.
Like you can do as many tests as you want, as many evaluations as you want.
So they spend all their money on evaluations, they don't have again also no trading skill, no no trading background, no experience, and they just hope for let's pass the test and let's get one big payout from that firm that solves all my problems that I have accumulated throughout my whole life, and then um I'm a I'm I'm a happy dude.
But you know, this is just obviously also uh misleading.
So these prop firms make a lot of money because these prop firms make a lot of money by people failing because uh there are a lot of uh uh non-traders participating in these tests.
So my my mind is working now, right?
Yeah.
I'm thinking to myself, okay, if I get into one of these prop firms and I have a mentor that's actually good in this space, but let's follow their trades when I make a lot of money, just doing that.
You can potentially do that, yes, 100%.
So then you could potentially follow me and you know, copy my trades.
So then what's the one one downside, bro?
Because I this sounds too good to be true.
Yeah, I mean, um maybe the downside if you want to have a downside, but it's not uh it's not a prop trading downside, it's more like a regulation downside.
Okay.
Because there are no regul right now in that space, also in a prop trading space in the whole trading space, there's almost no uh regulation.
So and it's quite quote unquote easy to open up a prop firm.
Almost everybody, if they have a little bit of capital, um, can open up a prop firm.
It's like wide labeled.
And um, so there's no these there are a lot of prop firms out there, they're not really backed by capital, so they might not then if you make money with them, they might not pay you out.
So you should not jump on every single jump on every single prop firm.
Yeah, so it's not the it's not a fault of props prop trading per se, because prop trading per se is has no downs, really no downside.
Bad companies.
Yes, that the problem is that there's no regulation, and that's why you have a lot of bad apples in that industry still.
Two years ago it was even worse, but now it's like kind of the the space is cleaning it up a little bit more because people are more aware.
Um but you should always stick to the biggest prop firms out there, and then you should uh do pretty well that's been there for a while.
Exactly.
I've seen traders, I won't say names because I don't call names, but promoting certain prop firms.
And uh let's say coffeezilla was on their ass.
I'm gonna say that.
I've seen this as well, but yeah, no, no comment on that.
Okay, so let's cover real quick, right?
So just to recap.
If I get into space, I get a mentor, and I get a proper firm.
I'm better off than just do it myself, of course.
What if uh people did this instead of doing the leverage trading they did a lot of money?
For example, how would that help them to not lose all that money?
Yes, I mean I've not traded my I've not traded my I've not touched my own money since I went into prop trading 2022.
Ever since I've never never touched my own money.
Um because it's why would you why would you touch your own money if you if you if you can leverage prop firms?
By the way, prop firms are also left, it's also uh leverage trading.
But again, you can do leverage trading responsibly as well.
Um and if you're skilled, you do it just if you if this is your profession, if this is your sole income, um you better trade like your life depends on it, you know.
Yeah, so you're saying in nutshell, take it take it from a professional standpoint, don't just wing it and try to figure it out.
Exactly.
Don't don't don't don't don't use prop firms as uh uh you know lot a lot of people have this uh uh slot machine um mentality slot machine mentality test after test after test and hoping for the quote unquote checkpot, right?
But that's not that's not sustainable, and you know, usually this doesn't work.
Okay, somebody watching right now, they're at home right now, they got like to your name 2K.
Yeah, what should they do?
A to Z. Get started, start making money as soon as possible.
Man, that's hard.
That's a question I get asked all the time.
It's hard, huh?
No, that's it's hard.
And and as I and I and I since I as I already said, you know, back in the days when I started, there was no noise.
These days there's a lot of noise.
And it's hard to find somebody somebody legit because 95% of the stuff out there is really like pure BS.
Um but generally speaking, they should find somebody who has some credible results, who has some uh maybe a lot of prop firm certificates because you know once you get paid out.
So for me per personally, so when I was awarded the all-time record holder for FTMO, the biggest prop firm in the world, I got a certificate, right?
I was like promoted on their on their Instagram.
Yeah, received I have receipts, kind of real certificates.
And even like when I when you get a payout, a monthly payout, be buy uh any any any payout, you get a certificate, they're like QR codes on it, you can scan it, and you see that as third-party verified, they're legit, like wow, this person can make money consistently in the market.
So look for look for um traders that have like these kind of certifications that are verified in the market, not just showing their mobile phone and you know, just hey, look at my results and stuff like that, right?
And then there are multiple red flags if you see people on in if you see these traders uh flashing, you know, uh expensive cars, watches, holidays, whatnot, then it's already like uh maybe you should better run, right?
Yeah, because uh this is how you should get started.
I see people online for sure uh fudge some numbers just to make it look better on the uh screenshots.
That's very scary.
And this you know, and uh this happened to me by the way as well, right?
And this was a guy from Miami.
And this also like the scammers, fellas.
That's why we you know it's funny because we have this internal joke in in our office in Dubai.
We have a trading floor, so we have uh a lot of people there, and we have this uh joke we call them the Miami scammers, you know.
It's like uh no, but it's actually it was a uh a cool PR gag and and it's uh because at the end of the day, I was very small back in the days, still I had 5,000 subscribers or so, and this was a very I don't I don't say names, but this was a very um prominent prominent, you know, trader from Miami on YouTube, on social media, everybody thought he's legit.
And he actually what he did, he took one of my FTMO payouts, he removed my name.
Wow, he put his name on it, but he forgot to to to remove the QR code.
And then he po exactly what the fuck And then he posted it on his Instagram stories, like showing off, hey, I made 60k this month.
I'm the I'm the I'm the master trader.
And then people were scan like seeing if this is true scanning the QR code and it led to my page.
because he forgot to remove the cure.
And then it was like a big scandal in our trading world.
And I never had an X account.
And for that reason, because I was so pissed personally that he did that, He stole my my my payout certificate and promoted like himself with that payout certificate.
That I opened that I opened up X. I made an X account just for that.
And this I made a I I called him out on X. This was my very first post on X, and this went viral, half a million views or so.
And this like was good PR at the end of the day, then people you know got to know me.
Yeah.
So question.
Um what car did you drive?
I don't want to say that.
It's not a good subject.
I can tell by the cars who they are.
Especially Miami.
Alright, fellas.
So you're the crowllo.
To the corolla.
Yeah, there you go.
Today's I'm not driving a hurricane.
I'm not driving a lamb, no.
Okay, great.
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So um we won't say the person's name, but uh no, but people can find though if they want to if they want to find out that it's easy to find out, I guess.
Yeah, you can go on your on your Twitter.
What's your Twitter by the way?
Um Burn School, I guess.
I'm I'm not using I'm really not using uh Twitter at all.
I just for these reasons.
Okay, so uh back to what's happened now with the marketplace, right?
Trump's tariffs are coming down pretty hard on most people, and people are scared to invest money right now.
Uh is it gonna affect trading at all, you think the tariffs?
No, in general, I would say let me answer this question more more in a general way.
Um all these news, what they do is they just accelerate price.
Um for us professionals, they create volatility, liquidity, and wall especially volatility in the market, but it just you know makes the market move in the direction the market would have gone anyway, but just maybe a little bit faster.
So I wouldn't worry when it comes to retrading, it's about following uh following an objective set of rules, and this objective set of rules will never change regardless of what what what news are out there.
So if you're professional uh trader, then you don't have to really worry because all of this tariff stuff and news and Trump and tweets and whatnot is very subjective.
It's based on like how you interpret it and like um so there's no for me as a professional trader, there's really no it doesn't make any sense to kind of incorporate this in my in my trading because this would uh remove the objectivity from my trading strategy.
Okay, and let's say I'm new to this uh trading game as well.
What should I trade?
Crypto, like stocks, what should I actually trade to make the the most money you would say?
Uh well I as I said in the beginning, I consider myself a multi-asset trader, so trading everything, and because there's something like the power of multi-asset correlations, so I would always learn everything.
Eventually you don't have to because they kind of uh markets are correlated and they kind of influence each other.
So it's very good if you start learning everything.
But especially in the prop trading space.
Um so when it comes to prop trading, there's you should well if you want to give go that route to go into prop trading, then you should start forex or futures because this I mean there's also uh prop firms for stocks, but prop trading became very very popular in the FX space.
Yeah, I've seen forex a lot.
But and and I have to say forex doesn't mean that you only trade currencies, you can trade equity indices like Dow Jones, Nasdaq, you can trade commodities on FX as well.
So FX doesn't necessarily mean hey, I you have to trade only currencies, you can trade all markets in the FX space as well.
And so yeah, so if you want to go that prop trading route, you can do um FX or futures, right?
So right now there's a government shutdown and uh it's been about a couple of days where people are not getting paid.
Uh they're pretty much at a standstill.
Uh they can go to work for the most part, but they won't get paid.
Uh so someone is not working right now that needs to make some income.
How fast can they make money right now?
You would say for trading.
Is it like a couple weeks, uh a month?
So everybody who I have to say again, and this is also a red flag.
Everybody who tells you, hey, you can become a trader or make money in like X amount of days, week, month is most probably a scam because you cannot put a time frame behind to be honest.
Because it's it's it's so it's so individual.
Like, are you are you the single are you the single mom who has two kids and has a full-time job and barely has any time to study trading?
Yeah, or are you like the the bored student who has all the time in the world, you know, and access to technology and stuff like that.
Um so it really depends on yourself.
But I would say if you do it really on in a professional way, you have to give it at least twelve months, a whole year to like see some real long term consistency and not go just in for the checkpoint for the for the checkpot for the quick win in the casino, right?
So I would say twelve months, twelve months if you do consistent training.
See, that's real because I've had people come and say you can learn in a month or two, make some money, but everyone that I've seen work with them left and says bad things because as I said, red flags.
Yeah.
Because this takes time and also it's an emotional game.
If you're too focused on getting money now, you may mess up and make some mistakes along the way as well.
Yes, and people have to understand like trading, as we also established, trading is a is a profession like any other profession in the world.
So which profession you can learn in like weeks?
Does any profession exist profession this take ages to learn, right?
Trading you can do maybe in a little bit of smaller time frame, but it still takes a lot of time and dedication and commitment and people like and that's you know I'm you have to fight against like all the social media crowd who who is saying, Hey, take my seven days course and you become a trader and that's you know complete complete BS because that's not the reality.
Yeah.
You know what's scary?
Uh nowadays we have a lot of information, uh they call it mission overload.
And most people watching uh at home, they don't know what to believe.
So they may see the lifestyle of the like I said before, they may see some numbers on the screen and say, okay, I can work with this guy.
But more often than not, uh it's not always that way.
So it's kinda scary.
No, they have to have a realistic mindset.
So people have to have a realistic mindset, consider trading.
So if you start trading now, fresh, if you are like an entrepreneur in trading, right?
And you're running a startup basically.
But it's a startup because it's a small business, because you're not yet, you know, uh profitable and and professional in that in that profession.
So it just takes time, like in any other profession.
So people have to have that really entrepreneurial uh professional mindset when they wanna s get into trading.
And there's again, there's really no shortcut.
And when it sounds too good to be true, most of the times it is too good to be true.
You have already the prop firms that help you getting funded.
But to make this to make like some kind of sustainable income from these prop firms, you have to be skilled.
There's no way around it, right?
The specialized skill in trading, it's like the base it's the baseline for everything.
That's a good point.
We got any tax there, Bills.
No.
No, so far, okay, cool.
So what's the biggest mistake people make in trading, you would think?
Uh at this point.
Is it like over leveraging?
Is it maybe like for example, they don't know they don't have skill.
They just don't have skill.
They just jump into the market, they think they can easy m make easy money.
Because it's so the problem, I guess, right, is because it's so accessible for everyone.
They think also, hey, it's so accessible, I can also make easy money.
And that's the that's the biggest problem because these people are not traders, they are market participants.
They're trying their luck, right?
They they go into crypto, they're buying a shit cone, shit coin, they hope for like the thousand eggs that solves all their problems that has accumulated over their entire life.
That's a problem.
And that's the problem, the biggest problem because people just don't take it serious.
They want to have the kind of casino field.
They want to have the checkpot, right?
They don't want to put effort into it.
They won't want to put effort into it.
But it's like effort is what without effort, what what can you what you what can you accomplish in life?
Nothing.
Yeah.
So crypto itself, what are your thoughts on it?
And is it more viable you think than trading?
No, I never traded.
I have a crypto portfolio, you know, buy and hole basically for me.
But um, but I don't actively trade crypto.
I never needed that.
I'm old school, you know.
I started, you know, trading stocks in the very beginning, then I went into futures, and then because of prop trading, um, I went into FX.
Um so but I never really traded crypto uh myself.
Uh but eventually, regardless of once you have a chart, you can trade every chart, whether it's like any kind of, you know, uh whether it's Bitcoin, Ethereum, or any kind of you know, other altcoin altcoin or any other market like the Euro dollar, Dow Jones, gold, you can trade them the same way.
If you have a strategy, if you have a uh consistently working strategy, you can just look at the chart and you can analyze the chart and you can place the order regardless of what market it is.
Is that considered fundamentals?
Is that is that what that's called?
Like the big basic of uh Yeah, I mean it's like there are two there are two kind of philosophies.
There's fundamental analysis and technical analysis.
I for myself I combine both into my strategy, but yeah, they're different philosophies.
Okay.
And uh I have some friends, Charlie Miguel, shout to them, uh crypto mindset, and they say BTC and Ethereum is what you should focus on.
All the rest are kind of like you know, up in the air, but BTC and Ethiopia what they invest in for the most part.
Yeah, I I would um agree because everything else is anyway following in uh like broadly speaking, is f is very much correlated.
So if if if uh Bitcoin tomorrow dumps 20%, there's no other crypto that goes up.
You know, all of all of the stuff goes down.
And it's similar to the equity indices, you know, if the if the Nasdaq tomorrow drops five percent, you have the entire stock market crashing.
It's very much correlated.
So let's say I'm watching the show and I want to get into trading.
I've seen where like you're 100% legit, you're doing your thing.
What am I gonna learn from you versus other people?
Yeah, I I'm not a fan of promoting myself, you know, and and and just people can always, you know, check and I always say, hey, check out my YouTube channel.
I've also these days 150,000 subscribers.
Yeah, a lot of lot of I pro I I uh provide a lot of free value, like whole strategy courses on YouTube.
Um check out my YouTube, and if you like it, then you can go further.
But I always say, hey, check out my YouTube, that's it.
It's funny because uh in Dubai, there's a lot of like big ballers there.
And I know Miami has some balls too, but the real money I think is not Miami.
It's in Dubai.
Because everyone goes over there to kind of like keep yourself, I guess, like clean and get shit done.
Versus Miami's kind of like, let's flex, let's get a yacht, let's pop out.
But the real money thing is in Dubai or like somewhere else, like New York.
You might be right.
I'm I don't really know.
I'm you know, I have my own circle, I have my own trading bubble, you know.
Um yeah, I'm I'm I'm not a huge fan of this whole like flashy flashy show off, you know, it's not there's usually nothing tangible for me personally.
Well you're not black, so it makes sense.
You know, the mindset is uh, you know, that type of stuff.
Um But I will say this though.
When I went to Dubai, I had one issue.
There were so many holes, bro.
Like, what the bro, it was like every corner, like I'm like, bro, I'm just trying to have a good time, like what's going on here?
Yeah, it's crazy, right?
Because people think it's in the Middle East, yeah.
And you have to wear like fully covered, and they're like wearing shorter skirts than everywhere else.
All hotels is like just holes in I'm like, bro, like what if I got kids here?
This is crazy, man.
Yeah, I know it's Dubai was fun.
Uh good.
So good friends, uh But I don't know.
It's very open.
People have like also misconception about Dubai because they think it's the Middle East, it's desert, it's camels, it's like nothing there.
But it's it's like really like it's like Miami, basically.
So Burn, listen, man, let's keep it real with me.
What do you spend your money on?
Because at this point you make good money.
I know you're chilling over there in Dubai.
Do you get yachts?
Do you get like dinners?
What do you do with your money, bro?
What I do with my money.
Um I don't know.
I you know, I like what I do right now is um I like a small island that is called Kosamui.
I don't know if you heard it, it's like a small island next to Thailand.
It's a very small island, very intimate.
Um you can drive around the island in like um literally an hour, an hour 30.
That's how small the island is.
It's like really like the Caribbean.
Yeah, and I buying kind of two, three hours, and then you're around the island.
And I'm building real estate there just for myself and the future, renting.
I love it to be there.
My I go I we always travel there when my daughter has holidays, you know, just like it's comp it's like an island lifestyle in a way.
It's complete opposite of Dubai, it's completely laid back, relaxed, you know.
You can go everywhere with flip flops and shorts, and you don't have to wear a t-shirt.
It's like island life, like you can drink your coconut.
I love the coconut?
Oh, let's put it on.
Oh god, let's go!
I'm I'm in.
I love that lifestyle, yeah, that laid back lifestyle.
You know, we got a phrase here in the studio coconuts and Barbados.
Uh it's like it's most probably so Kosamui is like that.
And I love that lifestyle.
So it's kind of the nice transition from hectic Dubai, flashy Dubai to go to an island and just chill.
So last night I was with academics and a famous rapper, I won't say his name, and we're at this mega mansion house, and it's funny because the guy was like, I went to Bali, and he was stayed, he was supposed to stay there for like five days.
He stayed for eight months.
I'm like, what the fuck?
Exactly.
So he's like the life.
I don't care about jewelry, I couple cars.
I feel free here.
I'm on a scooter, I go to the mall, I go get food, it's cheap, lifestyle's better.
I feel alive.
In America, we're kind of stuck here because we see all the glitz and glamour, but it's more life than just this.
You know what I'm saying?
Like it's a hundred you know what I call it?
It's judgment free.
It's judgment free.
Yeah, nobody cares, like there are no nice cars on the island, you know.
There's no there are no no roads like for nice cars.
Everybody drives scooter or everybody drives like you know, like um Fort Ranger or something.
You know, this is like if you have a Ford Ranger, then you made it, you know.
Yeah.
Um and it's judgment free, so it's very, very, very chill.
I love that style.
I would encourage everyone watching at some point, take a trip out of America, go to like Bali.
Uh I want to go there myself actually after hearing that story.
Um Kosamui is like Bali, basically, yeah.
Yeah, yeah.
Go to like the Caribbean because you're gonna see that this life to live in America is fast paced, hectic for no reason.
Honestly, you're working, sorry.
You're living to work.
It's it's crazy.
But over there, you just live to live life.
And I feel like most people watching nowadays, they stuck up on like oh car can I get lifestyle.
I did it all by the way, guys.
I did everything.
Car jewelry lifestyle, you guys know it, I do everything.
But the best part about life now is just good people, good experiences, and making good money.
And that's what I appreciate the most.
And you know, um, I'm transitioning into that lifestyle.
Right now, I would say it's 80% Dubai, 20% Kosamui.
And at some point in time it should be maybe 20% Dubai, 80% Kosamui.
You're 42, right?
42, yeah.
When do you want to retire?
Um never.
Never?
Never.
I I always said I want to trade for the rest of my life.
I mean, also for me, it's a red flag when people do consider trading as a job that to say I need to retire.
You know, trading it doesn't require a lot of time the way how I trade.
We call it set and forget and get a life.
I trade it, do my analysis during the weekend.
I trade sorry, just not cut you off, but like uh so what's your routine?
Because I got friends that trade as well.
They wake up for stocks and then do whate whatever they feel like.
No, no, I I'm not a day trader, by the way.
Okay, you're not.
No, I'm a swing trader.
I'm a swing trader.
But like, what's your like day-to-day like routine?
Yeah, no, um, my day-to-day day routine is basically on the weekend, I do my analysis on all the markets, and then I place my trades during the week, which takes me 15 to 30 minutes.
Um that's why I'm running multiple trading related businesses as well.
And you know, I have a lot of time on my hands right now on that world podcast tour.
Um, I was uh two weeks, three weeks ago, I was in Colombia and Medellin.
Um, I'm gonna say this right now, brother.
That spot bro, for the hoes is Columbia.
It's overhyped.
Because everyone goes there now.
I don't know.
I saw so many Americans.
It was crazy, bro.
Bro, I'm telling you, it's a mini-American now.
Yeah, it's listen.
Back in the day, 2014, sorry no, 2016 when I got I was here.
I went on a trip with some friends over there.
It was low-key.
No one was really there.
And hoes were harassing us, right?
Come here, papi, blah blah blah.
Super bien.
But now it's like Americans are all all there.
And I'm like, bro, it's like Papi Propina, bro.
I just it's in your face.
It was such a touristy place.
I was so surprised because people were like, Are you safe there?
Are you safe there?
You know, yeah.
Can you really travel there?
I was walking around in the at night, you know, like this was so busy.
By yourself?
By myself, yeah, yeah.
Oh, you're brave.
See, I go in a group because you know a bunch of niggas, bro.
Stand up to us.
But yeah, I will say this.
What dangerous is is when you're there by yourself and you go to girl alone.
Like going alone with a girl to her heart to her spot, that's weird because you don't know what she's up to.
She might rob you, set you up.
But we're in a group like that, we're good because it's like four or five guys, we're good.
Yeah, you protect each other basically.
Nothing wrong.
Yeah, no, this was nice.
And now I'm in the US.
I was in Las Vegas, and uh now in Miami, then in Phoenix.
So I'm traveling the world as well for like podcasts and stuff and speak about trading, about retrading.
Um it's really fun.
So I always like to get from people that are older than me some advice because I'm 33, I'm learning as well as time goes by what I should focus on, become a better man.
But as an older guy yourself, what would you say is for someone that's 20s and 20s, 30s watching that you learned about life?
Um definitely it's it's a lot about being disciplined, regardless of what you're doing.
Um for me, it was always um I'm I'm I'm 42 years old.
Um I'm I'm training in the gym since I'm 18.
You know, I can see bro.
I'm trying to guns, man.
Let's go.
And six pack, man.
I'm on the way, fellas.
Don't worry, I'm on the way.
I've I'm I'm trying to stay fit and healthy, you know, like living that kind of life.
That's for me actually the most important.
You don't kind of you take it as as I don't know, grand.
You take it as granted when you're younger that you know the lifestyle, nothing will hurt you.
You feel like a superhero, yeah.
Yeah, superhuman.
But you know, I can tell when you get older, you know, everything slows down, and you have to kind of work double or triple as hard.
Um, I can tell by from looking at you your age, bro.
Yo, Bills, what do you say?
Todos las dias?
What does that mean again?
Every day.
Oh, every day.
Every day.
There you go.
Yeah, so now because dude, you're in good shape, bro.
Yeah, thank you.
No, no, I'm doing a lot to do, like dive-wise, gym-wise.
You know, I live in that lifestyle as well.
It's very important to like uh stay mentally fit and also like uh having like a great performance on a daily base, like whatever I'm doing business-wise, um, also when it comes to exercise or gym.
Um but so being disciplined in whatever you're doing is like very important.
And for me, it was always more about not chasing the money, but actually rather getting detached from money, and then you know, if you just follow a process, then you know, money will follow automatically because money is at the end of the day at the at the end of the day, just the result of following any certain process that works, right?
So um, so for me it was getting detached from money and you know, being like disciplined, and then everything just follows through.
Good point.
By the way, Quantum Tech, listen, bro, it's been a while since I've been at Columbia.
Also, Sinos.
I'm on the way, nigga.
Don't worry.
Give me like two, three months, nigga.
I've been in the gym consistently.
It's been a month so far, so I'm on the way, nigga.
Let's go.
Uh in chats, before we close out.
Also, guys, Myron is actually traveling right now for a show.
Um, he's gonna do some politics shows um here in America.
I won't say where yet because obviously he's doing it locally.
You'll see me soon pretty soon on uh some cameras.
Alright.
Oh, this is this is our like private um membership.
This is one of our producers.
Oh, he had fun.
He had a lot of fun, I can tell.
For my birthday.
Ah, for my birthday.
Oh, I'm gonna go.
Secret footage, secret who leaked it, who leaked it.
Oh, I leaked it.
I enjoyed seeing my uh friend and a colleague have fun.
That was the best gift to me.
I I know, yeah, yeah.
He was talking in Spanish to them, Mamacita.
Oh shit, that's fun.
Sensational.
I can imagine.
Sensational.
Uh and good to go, Bills?
Yeah, we're all right.
So, Byrne, this is a great show.
I think this is very informative.
And keeping it real is important because most traders I see today are just flexing lifestyle with no real actual receipts and that just goes to show people will fall over this because it looks good.
I'll be honest with you.
When I was coming up, I saw a nice car.
I was like, oh this person's rich.
But it could be a lease.
It could be a rental.
It could be a finance.
So I just think that most people nowadays, like I was before, are shopping what they see online.
But in person and receipts, it's hard to come by.
That's true.
And that's why I like podcasts as well.
I think you can podcast you see who is authentic or not.
You cannot bullshit for like one hour straight.
That's how I see it.
That's why I like also to speak on podcasts.
Yeah.
Also we'll put this everywhere put everywhere as well for you for supporting the show.
And where can I find your brother?
Well you can find me on YouTube Burns Koropinsky on Instagram Burns Koropinsky.
I mean um it's easy to find me these days on social media.
Guys links are down below as well and get mentorship from Byrne man.
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