Hi traders and welcome to the latest installment of the client interview series. Today I'm delighted to be joined by another of my top performing clients Lawrence, who many of you will have no doubt come across in a recent blog I posted titled trader lifestyle sciency and selling Sterling. Here we documented Lauren's taking full advantage of the Brexit inspire pound weakness all fitted into his travels around the world. Lawrence has traded in the backdrop of some of the most stunning locations and is the best walking and talking example I know of a trader taking full advantage of the trading business model where your office can essentially be wherever you want it to be, within reason. Therefore, I was very keen to follow up that inspiring blog with an interview to learn more about Lauren's trading background and approach and how learning about the fundamentals has helped him progress to the cusp of becoming a full time trader.

All whilst all whilst enhancing his lifestyle along the way. When I say full time trader knowing Lawrence very well now it's more likely to be part time continuing to fit trading. his travels rather than the other way around. We're going to take the interview along similar lines to the previous one so that you guys can compare and contrast each successful trader to see what commonalities they share, and also what unique elements they have so that you can start to implement some of these into your own trading. So Lauren's a huge thanks for your time today. I'm sure everyone listening is going to be very eager to hear more from you considering how popular the blog was.

So let's not waste any more time and get cracking. So just opening up, what people always like to hear is a bit of a general background on yourself, job trading journey prior to working with us and learning about the fundamentals, etc, etc. And what brought you to so obviously, yeah, coming on board with springboard, your trading. Right. Hi, Tom, thank you so much for having me. It's an absolute honor.

I'm originally from South Africa. I have been in the UK for quite some time now. I think coming up to about 17 years. I do work full time. I'm an office manager, a drawing office manager for a bit railway project in London. And I have been trading I think since 2000 2009.

August. Yes. Yeah. Technical Training and I've had my ups and downs, you know, good years bad years, but it's Yes. It's been a long journey. a rollercoaster.

Yeah. Fantastic. And so many people would have probably looked at the recent blog and seen or thought to themselves Actually, this guy just travels the world full time, but you Well, I have a full time job to blend the two Do you? Absolutely. I'm a passionate traveler. I travel all over the world.

And that's one of the reasons I moved to England. Just simply I can earn pounds and travel to Europe. Fantastic. And how is trading gone? Because I know we've we've we've we've known each other quite a while and I know that trading was very frustrating for you from a from a purely technical approach, but how is trading gone? Since during the course and becoming a mentor meant a member of the mentoring service and, and learning about the fundamentals?

Just really how is it going Since starting all the way now to, to feeling very confident in the in your trading future, it has absolutely transformed my trading plan and process. Absolutely. As I said, I've been trading for years, sometimes I had like really good runs, and sometimes really bad runs. And I could really not understand what was going on with the bad ones because I will analyze everything and come up with the same answers. Then when I saw your course, I was very keen to see what it was all about. And I thought halfway through it, things just lit up in my head.

I thought to myself, why haven't done this ages ago. You know, in the beginning, looking at all the news articles, it was very confusing. There's things like the central bank announcements that I have absolutely no clue being from an engineering background, but just digesting the videos and the morning reports and it just after a while it's all started making sense. And now I would never ever put on a tray if I don't understand what's driving it or the fundamental drivers behind it. That's really interesting. Would you say now because your earlier comment was you.

You were going through your analysis of a technical base. Check And coming up with the same answer or, or hitting a bit of a roadblock in terms of knowing why you had a bad patch you find now if you look back with the hindsight and the benefit of knowing the fundamentals that you could have maybe smooth out those bad patches by understood that about the mentals. Without a doubt, absolutely, I mean, I have a template that I use for each trade which I prepare for which which has a trading planets, I write down the divergent currency and why the forecast which I normally get from your report, then what happened, the actual and I write everything down what I'm actually thinking at the time, plus a snapshot. And then at the end of the week, I will look at everything and I'll understand of all what happened before you just see a technical setup and go either way, you know, and it really just made cement in my mind what is happening.

And it also Most importantly, gave me the confidence to put on trades, and I'm actually looking well as you know, to do this a bit more in a full time capacity. And did you find you mentioned when you first came into the fundamentals that you found it Little bit, a little bit tricky, but over time, you'll find that actually, it started to get easier the more time you gave it, because I know you've been with me, you've been with me a good 12, nearly 18 months now, and you've certainly given it the time to let it all sink in. But it is, I would agree it's very overwhelming when you first come onto it. And the sad thing that I see is that people come come into the fundamental side, see that it's not as easy as the black and white technical side of things and revert to the technicals and go, I'm going to concentrate on the technicals because they seem easier.

But really, the fundamentals once you give them time, do become do become second nature. And you've probably seen in the reports that I send you there's a lot of repeatable things which Yes, when it repeats itself, it's cement in your mind. It's not like we're changing every five minutes it's you'll start to see things repeat themselves. Well, I have to I have to actually thank you for this as well because the way you give the reports and in the course later they're so simple to understand. Even though in the beginning I was waiting The reports talking to myself like, wow, I have no idea what's going on here. But just digesting it over the time.

I mean, I think it took me about maybe three months before I start having really good, you know, grasp of things. You just have these eureka moments, you think, Oh, that makes sense. It's so simple. But just reading it over and over again. But again, the way you give it to me in the reports is just fantastic. Because it's just so simple and structured.

And it all just makes sense. But as you say, you do see things coming up like like the correlation of oil in CAD, was gone off all these kind of environments, you just kind of start spotting them immediately. Yeah, I think that's the main reason I try and dissect the report in in layman's terms, because that's the way I've always been able to understand complicated things. And on the surface, the fundamentals may seem quite complicated, but when you break them down into their, their elements, they're actually quite simple. And as we mentioned, very repeatable. When you when you trade with the fundamentals, you're essentially the best illustration I give is your jumping in the river and swimming with the tide rather than just trading black and white technicals and not knowing whether you're with the tide or against the tide.

And if you're swimming against the tide, then that's when you have those bad patches. And that's where you get the inconsistency is with a purely technical approach, but as I've mentioned in previous blogs and previous interviews, there's still room for the technicals to fit alongside your fundamentals. How have you, how have you found balancing the two? Oh, it's brilliant, because I will, as I said, I normally during the week, try and plan out the news events, which I will trade. But in the morning, I'll get up and I have a bit of a ritual where I get up and I'll have a quick look at the markets. And we discovered Morning Call and your report itself.

And although I might have missed something that happened in the asian session, if I can see there's a clear driver from let's say Australian data that's come out. And if there's a small retracement at the technical level, I'll have no doubt to just jump in there, put my cell phone and go to work and take it from there. Brilliant. So I blend it to all the time. Yeah. That's fantastic to hear it.

And that's a great way to do it if you have got to head off to work and stuff like that, and you can use the technicals, to give you efficiency in your entry to know where to place your stop. But essentially, you first and foremost have the confidence in the right direction. Not always I need to know. Yes, I need to know what drove it. I mean, it's not just because there's a technical setup, I need to understand what happened over the night. Like if you have as I said, as Australian data that came out, that was great.

We might have missed the move, but you can get an entry afterwards in a technical setup, but the most important thing is the fundamental driver behind it. Yeah. And also knowing whether that whether you feel that fundamental driver will ask us what I try and communicate in the report is whether I feel it will be a short term or a long term move. So you can adapt your approach because I think the main mistake for purely technical traders is they apply the same rules to the markets which are ever evolving and each trade should be taken individually. So we found that the fundamentals and the The severity of a news event can help you with adapting your approach. So some you may hold for longer whilst others you may decide to to bank 10 to 20 pips because you're happy with that knowing that the move may not last that long.

No, absolutely I agree. I treat each trade individually. I have a template, as I just mentioned, which I write down in front of me what could happen and what could not happen. It's not just get in and hope. So, depending on the severity of the deviation of the reading, or what's happening, I will adjust my approach, but it's all based on the reports what I read from yourself, and what I get from the squawk. Really.

Yes, I each one is individual definitely. It's not like technical training where you apply a box around it, trade it because it just doesn't work. You need to look at something and what is happening there. Yeah. And do you find that the fundamentals make you more time efficient than the technicals or less time efficient 100% more I think it's a misconception. is like, you think that fundamentals are gonna spend hours reading the news listening to this than the other but watch technicals, you simply wait for a technical setup, it would seem on the surface, that the technical side of things is easier, when really, it's, it's really not.

And I'd be interested to hear your views on that, you know, it really is your lifestyle and how you want to blend trading around your lifestyle, not vice versa. Well, I will tell you like if you look at a chart long enough, you will see something there, even though it's not there. I mean, we've all been there. That's the technical side of things, where fundamentally, I will look at your video on a Sunday, I will put myself little Google reminders on my calendar to remind me 20 minutes in about five minutes before each event. Then in the morning, I'll just see what's happening when and I'll make sure I'll quickly look at my charts. Sometimes I can't because I'm really busy at work.

That's okay, there will be many more opportunities. Sometimes I look at something and it doesn't have the desire reading or simply to go. So I can plan my day around it and sometimes it's I'll just not trade at all in a day. So it's made me a lot more time efficient, because you can plan on during the week, when technical setup, you'll go every evening, you'll sit there, you'll go through your charts, and you'll look and you'll try and find something that's not there. which I think was one of my bad bad things. Now as a technical trader.

That's brilliant. That's, that's great. That's exactly what I wanted to hear. Because the fundamentals as we know that they're scheduled in advance, yes, you know, the day you know the time and so you can either say to yourself, I can trade it, or I can't trade it. And if you can't trade it, you make yourself available for that time. And if you can't, then you know that the the fundamentals will provide you apart from August, which is quieter, they'll provide you with a constant stream of opportunities.

So if you miss one, you don't have to worry about that. There's a there's an understandably eager eagerness to trade everything when really you don't have to trade everything. I'm at my charts a lot more than most people but you're testament to the fact that you don't need to be at your charts all the time. Long to generate a pretty nice return and two or three events in a week can significantly contribute to a decent profit. Absolutely. I mean, it's been a challenging week, as you just said, challenging because there's been limited trading.

Exactly. That's a nice challenge to have. Yes, yes. So those hands, sitting on the hands is probably one of the hardest things we can do as as traders, but exactly thing is that at the start of the week, we pretty much knew it was going to be a quiet week. Why? Because the calendar was very quiet, the economic calendar was quiet and we know markets are stimulated, or market movements are stimulated by fundamentals.

If there's nothing going on, there's nothing to stimulate the moves unless you get something that's unscheduled or breaking. But as we saw the only major The only major reaction we got in the markets this week was Friday afternoon, because we had a big news event in the form of Janet Yellen and it's interesting to see we had nothing all week the market stagnated. And then Friday, we had the first big news event of the of the week. We got a big move, it was a bit choppy, but at least we got momentum back into the markets. And that's another thing that can make you as a trader, time efficient, because you could look at the start of that week and go, there's no point really me being on the chart. So the project that I wanted to do, I'm going to do that this week, or the trip that I wanted to take, I'm going to do it this week, or I'm just going to enjoy three or four days not looking at my charts.

And I'll come back when there is more news available and when the big institutional traders are back. So that's another flexible element that can come with trading the news as well. I absolutely agree. I was more enjoying the sunshine this week. Yeah, we've been we've been blessed with some very nice weather here in the UK this week. And yes, and it's great.

And for those that that have appreciate that that a good good chunk of my students do have full time jobs. But when people get into the position of full time trading, again, it's not really full time trading. You just spend more time at your charts when there's reason to be at your charts. Other times you can be doing other things, whether that's on the golf course like one of my More of the students, whether it's traveling like yourself, and combining the two together, or whether it's going down to the gym, that's the lifestyle benefit that comes with trading. And I could talk all day about the advantages but it's, it's just been brilliant to see you implement that. And when you surprise me with that, that post on Facebook Have you set in the sterling whilst you were traveling?

That was really powerful to me because it just illustrated the beauty of the trading model. Correct. And as you're saying, your two passions one for trading, and one for for traveling and not having to, to do one and the other. You could do the both the two harmoniously. Tell us a little bit more about that experience. Right.

Again, if you plan out your week, going into the weekly video and you set your little Google Marinus like I do, I will be traveling. Well this particular trip I was with two friends of mine in Macedonia and Albania. And we've been traveling and car and just seeing stuff around day and we will be sitting on the beach and also the guys Like I'll just have to 12 o'clock quickly go sit in the restaurant. You know we can get a Wi Fi connection. Even though I carry a portable Wi Fi connection with me good yeah backups you can get which you can buy like on Amazon like 60 quarters on a lot, you can get a local SIM card, they'll quickly be able to charge for half an hour itself get in and get out and they'll go back and swing sit on the beach. It works perfectly if you plan it out.

Amazing. And I can obviously that was a particularly good moment because of the Brexit event was so dramatic. But the beauty of that to be able to make a little bit of money and then go back to enjoying your trip is is absolutely fantastic. And I'm sure many people listening to this right now. That heading over to Amazon right now. as we speak.

Yeah. Because a lot of the feedback was just like yeah, incredible. Fantastic. I need to do that more because again, people think I can't take my work with me because of the normal view that when you go on vacation, you leave your you're leaving your day job and you're going off and you're doing In completely two separate things, but trading can be done in synergy with your with your trip. And it's not saying you have to destroy your triple or stop yourself from doing things on your trip. Because as we know, you can schedule your trading around the news events, you'd have probably been at your charts for maybe an hour or two during the days when the biggest events were taking place.

And the rest of the time is your trip. I will be on my charts in the morning when I have breakfast to quickly see what's happening and get the reports are planning out and each event will be half an hour, not even 40 minutes. But you know, it's not so bad if you sit next to the beach all said happily therefore, hour, two hours. Something Yes, yes. Something motivational isn't that when you have that changing landscape, like you're not just looking at an office wall or an office window, you've got the beauty of a beach or a waterfall or something like that sounds really crazy. But it's it's possible and you've you've illustrated that because some of those photos you sent and we shared have been doing just that and it's it's very Very important to get this across to people that trading should be there to enhance your lifestyle and not not hinder it.

If you were a tech, if you were a purely technical trader, would you be able to have that flexibility? Absolutely not. I wouldn't even look at my charts. If I want a holiday, then you probably not do it, would you because you are probably not three, four hours to be watching waiting for the second rule set up. So again, a massive advantage like we've talked about the power of fundamentals for improving your consistency and profitability. But now we're touching upon how trading the fundamentals can improve your trading lifestyle.

Correct. As cheesy as it may sound is improving your trading lifestyle and frees you up to do more things It doesn't mean you get complacent and all of a sudden you go well, I'm now in a beautiful location. So I'm only gonna I'm not really going to look at the economic calendar you just have to say it is actually made you think that I can plan out my my daily routine and actually go on more trips because I can actually make money while doing so. I mean, this trip was the first time I've actually tried doing it and was quite successful and now I've got big big plans for next year take a big step and actually try and do this a bit more full time whilst traveling. Yeah, absolutely. And that's that's great too great to hear and even myself need to take a little bit of a bit of this.

This lesson in this learning for yourself in terms of I probably spend a bit too much time on my charts when you don't really need to be there. I'm at the charts knowing because the calendar is light, and there's not much going on. I know it's going to be a quiet session. So I should be actually going and doing a few more things and perhaps I will take you up on the on the surgeon. Sweet has been great this week has been great. And you do one other thing that we've we've not really touched upon is how when you're trading when when there's a light economic news calendar and you know, as a news based trader, you're going to be fairly inactive or more inactive than the previous week which has been a lot busier.

One thing that you can do, as you did briefly touched on at the start is when you're staring A chart, there's nothing going on you find something, don't you? You find a trade and nine times out of 10. It's a poor quality trade because there's no rhyme or reason why you should be trading it. Well, if you've got the beauty of having the flexibility to distract yourself, whether that's the gym, whether that's just going on a day trip somewhere, whether it's traveling somewhere more Far, far, far afield, and you have that ability to now go, okay, there's nothing really going on. So I will put something in place and I'll do something else that takes me away from my charts because I know it's quite dangerous. When I'm just sat at my charts staring at the screen, I will find a bad trade.

If I've got other things to do, then I can go and do that. And it takes the takes the guilt element away. Sometimes when you're not on your charts from a technical perspective, you feel oh well could I may have missed the only technical clue of the day or the only technical setup of the day. I may have missed it. But with the fundamentals if there's nothing on the calendar, and you're not really that keen on trading the correlations you know that nine times out of 10 It's gonna be a fairly quiet session so you don't lose that guilt that you should be at your charts and that gives you more pleasure in the other things that you're doing. I agree I think the guilt thing as well people is thinking trading you don't really have to put a lot of work into it to make money.

But I think that's an incorrect statement because if you do your homework properly on the weekend and prepare for the week ahead, you do put the hours in you shouldn't feel guilty by sitting around like doing nothing or going on holiday or enjoying the day but just be there when you need to be there if you plan ahead schedule, did your homework and do your due diligence as a good way I like to use that you don't have to feel guilty you'll just be there when you need to be and even if the trades not going in your direction or the reading is in your direction, just let it go there will be millions millions more opportunities. That's a really good point. Yeah, cuz you can sometimes get a bit of work you'll but you are putting the hours in, you're just not putting them in a conventional way and sometimes correct.

That's what makes trading exciting. You're not doing anything to fight. You're not doing a rigid amount of hours. You're moving around. hours around the place to fit the economic calendar so to speak. And the fact that you then have a flexible office means that your work week can change every single week your work we can change and that's what makes it exciting and interesting to be a trader is that your location can change your hours can change in terms of the numbers you commit and the times that you commit them.

So it's constantly giving us that variety and the one thing I hear from friends and family and and and other people is that they hate the monotony of a nine to five job and that's the key element is not really the job. It's the monotony of nine to five traveling into work and out to work in the same way every single day. That is what leads to many people not liking their job and that's why trading I'm such a big promoter of it is because the trading business model is such a an attractive one more so if you're a fundamental bass trader, because of the reasons we've mentioned every week is a little bit different and that's what keeps it very, very exciting. not agree more really my number one driver for being a successful trader so I could make a living from anywhere in the world since I started doing years ago that is exactly the reason that I wanted to do this and now after so many years I'm finally getting to see positive results and that dream is a little bit closer to come to reality and you deserve it because you've put the you've put the work the blood sweat and tears into it and now you're finding your your style which really works for you and when you find a match between your style and and your your trading then that's when the compatibility will ultimately lead to success.

But that's great to hear. And is that is that essentially your your end goal what you're working to over these next few months is to be in the position where you can be confident that you're able to squeeze out enough money to fund your your your your goals and your lifestyle to travel and trade at the same time. Well, absolutely, yes. This last couple of months, even the trains that I have wouldn't be able to take out of work because I was busy for whatever reason. I've document them, see what happened and what what would have happened if I was there. And that alone has given me enough confidence to start saving up really big time, which I have been.

And I'm going to take the big step towards the end of the year, I've already given my resignation at work, I hope no one's listening to this as the same or as my last days, and then, at the beginning of next year, I'm going on a massive snow snowboarding trip for three months, I'm gonna be mentioning, and I'm going to then try and do this as my main source of income. So it's, you know, throw myself into the deep end and just go for it. Yeah, definitely. Well, as you said that I think the key element is the confidence. And yet now I've seen your results turn around, you understand the markets, you feel confident that you can squeeze a decent profit out each month and that is what's leading you to make these big decisions. Because if you were a technical trading and having all the frustrations like you had before finding out about the fundamentals, there's no way you would have been able to make that decision you'd have gone.

No, I don't feel confident. One month could be good. The next could be terrible. I can't confidently live off that inconsistency. And it's interesting to note that you share that, that approach that you mentioned, where you, even though you're not trading every single event, because you're away from your charts, you're documenting them, you share that approach with Paul, who's another one of the guys that we interviewed a quite a while ago. And interestingly, he's about to, he's about to go full time as well.

I think in the next few weeks alongside yourself, and he got that confidence and he's been saving up in the background to get to the point where he goes, actually, even a few percent is going to contribute a nice return. So that's really interesting to see how both of you really to the point of now making the decision to go full time and you've shared a lot of common commonalities along the way, you've both worked tremendously hard to get to where you are, you've had the brilliant attitude in terms of whenever you had a bit of a challenging patch. You've always wanted to find the answer rather than finding something to blame. And you've prepared for the future in terms of you've been saving Got you haven't just read all let's just hope that my training profits will will get me to where I want to be.

Now you've built up your capital to a big enough size to give you that confidence. I have I have budgeted for next year and try to work out myself what is what is the minimum cost, I would need to just live by it and I've worked it all out. So I had a plan like about six months ago, when I started seeing these consistent results. And I thought to myself, this is it. This is the first time in seven years that I've seen consistent consistently positive results. So I just thought that's it.

I've been saving up I'm also lucky enough to have I've been trading for quite a foot since 2007. And I've been throwing every single spare Penny I have into my trading account so I have a decent sized trading account. So a simple profit of like 20 pips a day is more than enough for me. Yeah, we as we talked about in the daily reports 20 pips a day is nothing but if you add that up over the course of a month, correct that's 4% which 4% you think about 4% and you compare that to your bank, you compare that to to property yields. Compare it to anything else. And that's that's return, it sometimes gets drowned out in the trading world because you hear about these 20% months and 30% months, but we don't care about them, because they're normally from traders that having to risk a lot in order to make those sort of returns.

You want to make your steady gains of 20 3040 pips a day, but do it with a risk managed approach. Because whenever you have a bad patch, which we will at times, it's a very small chunk of your capital, it's not going to harm you, it's not going to bother you, it's not going to derail you. And that's the key thing if you can make four or five 6% per month, but your risk management is so tight that your draw downs or your bad patches at any one time are very small, then that's that's the point that I want all of my members and students to get to where they're in the position where they can confidently earn enough money from their trading and do it in a risk managed manner, to then justify them going here, there and everywhere. And absolutely, I'm delighted for you because you absolutely deserve it.

Because of the Thank you, yeah, you've put in and to be obviously very proud to be part of that journey in terms of, of helping you. But that's one of the reasons I do it. I often get asked, why did you do the education side and these moments are really, really rewarding like seeing and hearing Paul do exactly the same thing as you highly rewarding. And now you tell him this stuff is is absolutely brilliant. That's why I want others to to listen to you guys and follow in your footsteps and say, I know it's a journey. It's not an overnight success story, but I can get there, other people are doing it.

And that's social proof will drive other people to follow in your footsteps whilst you go on to do whatever you want to do and morph, Paul is maybe going down a slightly different route, he's not going down the skiing route. That doesn't matter. The great thing is that you both individually, get into the positions that you want to be in, you're both hitting your your goals that you had when you first started with me and that's so so important for me doing what I do, and also a delight for you guys that you're now seeing yourself. Reach Your Goals when maybe when your technical trading, you thought those goals were getting further and further away now they're getting closer and closer and closer. So many congratulations about that. I didn't I didn't realize you made such though I know we'd speak on it on a regular basis.

But I didn't realize you'd made such bold steps. But I'm delighted to hear that and no doubt we'll hear from you in in due course to see how things are going from the slopes as a full time tribal part time trader. Thank you. I'll send you pictures. Don't worry. I based on this obviously people are going to be very, very keen to know what sort of other the key trading traits which have helped your progress and what would you advise to other aspiring traders that take Lawrence as the guy who was 18 months ago starting with the fundamentals, what would you give what what would advice would you give to that guy starting his journey?

All those months ago? Okay, let me think I can think of three things First of all, determination, don't give up, just stick to it. And do you put the time and effort into it, you have to. Secondly, you have to get a mentor. That is I can't stress how important this is, it is really, really important to you, you basically plan it and use your experience on someone else who has walked the path before. I mean, a lot of people don't actually realize how important is to get a mentorship.

This is where I've also I've seen complete changes in my trading. I mean, I've sent you emails and ask you Well, what happened here? And before I even got a reply from you, I will send you another email saying you've already answered to me in the report. And I think, sorry, saying I'm sorry, yeah, no, I get that a lot. I get where people send me any a question. Then read the report.

Go actually sorry, Tom, you've answered it. And that's, that's great for me because I want those reports to answer the question before they're asked or very soon after they're asked, makes my life easier, but it also makes your life easier and that's good, and I'm really pleased with that approach. that people can then get the reports and answer the questions because lots of questions come up on the trading journey. If I can answer those questions as best as possible, then you have the answers and with the answers that can improve your traps over time, you're free to ask questions here. There's no such thing as a stupid question. Let me know and I think he just needs to be disciplined and stick with it, you know, if he wanted us do whatever it takes to get there.

Yeah, discipline is a massively important trait. It is it's difficult in the beginning but you know, as I said, trade analysis and personal analysis as well. You have to look at yourself and what you think and how you react if you just analyze and then look at yourself and used to be disciplined to do your homework to get there any and I think also comparing yourself against yourself. Not yes others, just comparing yourself against yourself. How are you against yourself three months ago, have you progressed and if you have that's a good thing you shouldn't I see people looking at other trades and going wow, he's he's becoming a full time trader. Yes, he's been doing it.

18 Months. than you, you have to, you have to appreciate that the first few months are going to be the toughest, a lot of things are going to be unknown. So taking your advice, asking questions, understanding things, so that going forward, you have the answer at your fingertips and that answer will essentially become part of your trades. It's what I call discretion and experience. Your discretion and experiences is months of making mistakes and learning from them so that you don't make them again in the future. So whilst you start with more mistakes, and your trading results are a bit inconsistent by asking questions and learning along the way, you smooth that path out because you then don't make the same mistakes twice.

Well, we hope not. And that's what smoothes out the the difference between the profits and the losses and enables you then to to generate a net positive at the end of the month. Absolutely. I think naming your weaknesses is important as well because a lot of people don't like to name their weaknesses. Especially as guys we don't Yes, I like to stick them on the wall when four of my computers like this this month. I have Moe has crept in again.

And I know I just want to get part of it. So I'll write it down so I can see it. You know, it's almost called naming and shaming. You've taught Yeah, it's good. And you've touched upon a really important point because you have to look at yourself as an individual because some people will challenge will get will be challenged by the emotional side. Some people will not understand the fundamental side of this.

There's lots of different things that will impact you as an individual. But if you can be brave enough and strong enough to pinpoint and admit to yourself what your mistakes are, that is the first most important step to becoming a consistent trader, if you can admit and highlight your weaknesses, then you can work on them. If you're brushing them to one side, how can you ever improve and that's what's going to lead to inconsistency. So great to hear it from you from yourself that you are very, very, you you're not afraid of identifying where you're going wrong. And that's essentially got you to where, where you've got to today because you're always looking to improve and iron out the creases, so to speak, and Your trading journey and we will have them and we'll continue to have them. But that's why we continuously need to every single month, reflect on our trading performance and reflect into that the two are interlinked, essentially reflect on your trading performance and also reflect on your personal performance how you did our psychological perspective as well.

Absolutely. It was a little bit alien in the beginning to do so. But once you start doing it, you think to yourself like, it's crystal clear as daylight. Yeah, it gets easier, doesn't it? When you admit your flaws and your weaknesses, it does get easier. It's hard to do initially.

But when you realize, I think when you realize the benefit you get from that exercise, then you don't really worry about it too much. You actually know. I've corrected the weakness from last month, and I've had better performance. So it makes you it's the vicious I get it makes you if you don't admit it, you get worse and worse and worse. But if you do admit it and identify the problem, it improves you month to month, it makes you more eager to reflect every single month and say how could I have improved on this month? or How could I have maybe avoided a couple of losing trades.

So next month, I can squeeze out a little bit more Absolutely. I can't agree more amazing. Well, we could. We could talk all day. I'm sure we could talk all day. But that pretty much wraps us up for the interview.

It's great that we've gone through a number of different things that I'm sure many people will be very grateful for. Again, huge thanks for taking time out your busy Daria. I hope haven't stopped you from going anywhere nice this weekend. You like to travel? I'm going to Greece next week. So it's okay.

From Finland last week to Greece next week. You're certainly living up to your name as long as the traveler and yet again, I'm sure you'll be be there trading, wherever you are. So long as it's the the markets are open. So guys, I think the main takeaway from this interview is that trading can complement and even enhance your lifestyle. There is a misconception that you need to be glued to your charts all day every day. Lawrence proves that you don't and that you can still progress by fitting trading around your specific lifestyle.

In fact, there is no doubt key reason behind the success of all those interviewed so far they have fitted trading around the lifestyle rather than the other way around and trading the news as we discussed when many big events are scheduled well in advance at a certain time and day, it makes this even easier. So the fundamentals are so so powerful. As soon as you force trading into your lifestyle, then that's when problems arise and it becomes a losing battle. So I hope you found this latest interview interesting, inspiring and motivating. I know I have personally hearing about Lauren's next steps to become a full time trader from the from the slopes from the ski slopes, which is incredible to hear. And I'm sure you find this very, very inspirational.

The quiet summer months are coming to an end, thankfully, so it's all about gearing up for the second half of the year as no date there are going to be many more fantastic fundamental moves to take advantage of. And so if you want to join us on the journey, the course and the mentoring service can be found in the usual locations. But until next time, happy trading