Good afternoon. I'm so delighted to present to you, but also if you said to present you the dark side of Hong Kong, housing inequality and poverty in Hong Kong. What happened actually is simply because absence of social justice in Hong Kong. In Hong Kong such a wealthy city nowadays we still have 100,000 people. They are living in K-Chong cubicles such in humane conditions. Many of them they are waiting for public housing, what you would call is social housing, but the number of people waiting for this is growing up and now we have around 155,000 applications waiting for public housing. Who are they? Actually most of them they are Hong Kong permanent residents.  Some of them they are come from mainland China but they are Hong Kong residents. So how poor condition they are facing? You can see actually in I think in this ballroom they can occupy 200 occupants, share kitchen and toilet together or some of them they even don't have kitchen in their home. And what call is home actually is a bed. Only around every person only have around 1.5 square meter bed space.  You can imagine and some of them they are this kind of bed space with a well, some of them with a petition and then their double day before that is triple. And actually now we just nearly find there's a triple day. And you can imagine so many people living in this kind of crowded tiny space. There's poor hygiene, poor ventilation and you can find there's many animal friends. They are rats, they are cockroaches, they are fish. So they can make you, they make you cannot steep. So they always tie that they have no energy to do anything. They feel hopeless of their life. And it's extremely hot. We have a shower, it's hotter than outside in this hot summer. And actually we found that or the society also find that the rent is extremely high, although it's cheap in the amount. But if we can't eat in every square feet, it is almost or sometimes expensive than those luxury house in Hong Kong. And also we found there are dangers in the building. We happen always flyers, accidents, there are collapse buildings just this year. Happened so many accidents, so many injuries, someone passed away died. And besides actually there are many more proportion of long-term disease people. We have a server, they are nearly 30% of this kind of residents. They suffer from long-term disease. Many of them this because of respiratory syndrome, disease, something like that. So you will ask in Hong Kong such a rich society, why happen? We have so many people living in this kind of condition. The one reason is poor. The wage in Hong Kong is poor and it's so low. Before that we don't have a median wage. Even this year we have but it's far from the standard. And then people if that depends on welfare, the welfare cannot afford them to have a decent housing, only can afford them to have a bed for their home. And we don't have any rent subsidy or rent control. And for these poor people what they can do is to waiting for public housing. But they wait for public housing, need to for a long time. And there are so many hurdles, obstacles for them to apply for public housing. If you're a single term, if you're an immigrant, you need to wait for seven or ten or more years. You need to have to review some special requirements. So this I don't go through to the point system of single term or immigrants issues.  So we can see these figures I don't go full on. And then you will ask actually in Hong Kong our GDP per capita almost the top of the Asian. Why? We cannot solve the problem. We can supply so many things. Why cannot help these people? And there's a very, very big problem, structure problem. In the past, especially in the past ten years, we have a large decrease of supply of the public housing from 50,000 to 15,000. And we also give up the long term housing strategy. Before that, we would have an assessment of demand and supply model, but now no more. And then before, we have legislation on rain control and legal protection for the tenancy. And now no more. Why? Because we want to the government, the society want to support the high name price policy. And the land developer campaign to the government said that we cannot make much money as we want. So let's go on this kind of policy and the poor suffer. Actually some of my kind, all the pictures, the people in the pictures are all my kinds. I work for this for 16 years. Some of my kind, they even cannot afford two meals a day. So hungry happen in Hong Kong because of justice. And when we talk about housing inequality, actually housing inequality is the miniature of social inequality in Hong Kong. When we see the figure of genie coefficients, it's a shame. According to UN, we are the number one in those developed countries or cities. It's going up. You can see the widening disparity between the rich and poor. And it's too much than it should be. And we can see the per capita GDP is going up in the past 10 years. But the median income, no, similar. And I told you the median income in Hong Kong is around 17,000. But for those living in Hong Kong, it's below 8,000. And our population of living under population nine is 1.2 million. It's around 17% in Hong Kong. It's quite a big amount of people. And how our government think about this, you know, in their reply to UN, they said, why they are cage home and cubicle in Hong Kong? Because they are marketing demands. Poor people, they need them. They did not tell them why they need them. It's because the government did not have enough supply of public housing. Even though in recent policy address, our chief executive made it clear that it's not necessary to ban this kind of living condition. And also, there are many economists always said that this is a necessary evil of capitalism because of income disparity is natural in all the capitalism society. But it should be so extreme like Hong Kong. And why it happened in Hong Kong? Because we have absence of democratic system. Our chief executive is not by, it's either by universal suffix, only by 800 members. Many people like me or other people, they don't have rights to vote. Even for example, how they in favor of the privilege. When he run the election and after success and he need to repay the support of the privilege. So he cut the profit test. So I think we can do much. If we can have a more democratic system, will we have more heart for our society? In housing policy, we can do more supply of public housing. We can increase the rent supply. We can have legislation on rent control. We can abolish all discrimination policy. We can have anti poverty policy. So many we can do. Just depends whether we want to do. Not because we don't have resources. Thank you.


leaving the narcissist fantasy world. When you finally leave the narcissist fantasy world, you can end up feeling angry. You can end up feeling strong annoyance, displeasure or hostility. You may feel as though you want to get revenge on the narcissist. You may feel as though you want to hurt them or harm them in return for an injury or wrong that you had suffered at their hands. You may experience stress, anxiety or depression.  They imagined these impossible or improbable things in their head, these ideas with no basis in reality and then suggested or implied them to you in a way where they were not directly expressed. They indicated the truth or existence of something by suggestion rather than explicit reference. They led you into this illusion where your perception became misinterpreted or distorted, where you experienced a deceptive appearance or impression which was different from the true one. It was very misleading. They intentionally gave you the wrong idea or impression. They implanted false ideas and beliefs into your mind through use of deception and trickery. They gave you a false or misleading account of their nature, of their basic inherent features, character or qualities. They gave you a mistaken impression and tricked you into believing something that was not true for their own personal gain. Once you become aware that none of it was real and you were just brought into the narcissist fantasy world, their fake world or alternate reality, this is when you need to detach, you need to disengage from the narcissist and that environment, you need to recognize and accept that none of it was real or genuine and you need to find your way back to reality, back to having the awareness and understanding of the state of things as they actually exist as opposed to an idealistic or notional idea of them. The narcissist fed you these false ideas and beliefs and created this alternate reality where things were based on suggestion, estimate or theory rather than actually existing in reality. They may have given you suggestions or ideas but none of it was real or genuine, none of it was what they were really about. When you begin to realize and accept this, it can be quite overwhelming, you begin to realize that you have been living this lie with the narcissist. They gave you a mistaken impression and tricked you into believing something that wasn't true for their own personal gain. When you begin to realize and accept this, it can be quite a sudden, upsetting or surprising experience, you become perplexed and confused. It's like you have suddenly woken up from this dream, this fantasy world, this surreal mix of fact and fantasy where things that were strange or unreal seemed completely normal or usual, where things that should not make sense do make sense.  Once you have left the narcissist fantasy world it is not the end of the endeavor or struggle because now you have adopted all of these false ideas and beliefs. You have conditioned your mind to operate with these distorted meanings and reinterpretations, so now you need to recondition your mind, you need to restore your mind to the way that it used to be. Before you got pulled into the narcissist fantasy world, you need to return your mind to its former condition, quality or work in order. The longer you spent in the narcissist fantasy world, the worse your mind may have become because you were in a alternate reality, you were detached from truth, morals and facts. Once you have left the narcissist fantasy world you need to reconnect yourself to reality, you need to re-establish a bond of communication and emotion, you need to identify what is real and what is not real, become more concerned with the principles of right and wrong behavior, redevelop the ability to express these ideas and beliefs with reference to an argument, theory or policy in a logical and consistent way. Communicate what is right, what is true and what is real in an effective way. Participate in the action or process of unaltered or unchanged observation, noticing things, especially significant details in a way where your perception is unaltered or unchanged, receiving unaltered or unchanged information or facts, that is reality, that is the state of things as they actually exist, as opposed to an idealistic or notional idea of them, that is reality, rather than something existing as or based on a suggestion, estimate or theory, that is the sum or aggregate of all that is real or existent as opposed to that which is only imaginary. When you are dealing with a narcissist, you are not dealing with anything real or genuine, there is no division or identification of what is real or not real, of what is right or wrong, true or not true, there is no division or clear identification of any of this, it is a surreal mix of fact and fantasy, the ideas or beliefs that the narcissist is presenting to you are not truthful or sincere, it is likely to be changed or altered, before it is even delivered to you, everything that you are observing from the narcissist, all of the information that you are receiving has been infected or polluted, when you observe the narcissist or receive the information from them, it is changing or altering your view on reality, when you interact or engage with the narcissist, you are being brought into their fantasy world and it is having a harmful effect on your mind, you need to self reflect and go within, you need to develop an explanatory analysis of the understanding or interpretations that you have accepted from the narcissist, you have to go within yourself and conduct an investigation, an identification and a detailed examination of the ideas and beliefs that you have accepted from the narcissist, a process of separating these ideas and beliefs into constituent elements, you need to self reflect and go within to do this, because when you interact or engage with the narcissist, they are giving their attention and consideration to a fantasy world, an idealistic fantasy which provides them with amusement or enjoyment, that's what they are giving their attention and consideration to, and when you are interacting or engaging with them, it disconnects you from reality, you become perplexed and confused, nothing makes any sense, because anything to do with reality, anything to do with truth, morals or facts cannot exist in the narcissist fantasy world, it has to be changed or altered, it has to be given a distorted meaning or reinterpretation to exist in their world, so anything that you observe from them, any information that you receive will be changed or altered, it will be distorted or reinterpreted, when you receive it you are no longer operating or existing in reality, you are receiving a wrong or misinterpreted perception, a deceptive appearance or impression, a false idea or belief which then separates you from reality, to recondition your mind and recover from this, you need to self reflect and look within, you need to overcome and take control of the mistakes that you have made, the mistakes that got you to where you are now, there was an act or judgement that was misguided or wrong, there was something that was misidentified or misinterpreted, there was a sudden malfunction, fault or unexpected setback, which caused things to go wrong, it changed or altered your way of thinking, which then led to actions and behaviours which put you into that situation or environment, you need to self reflect and look within to investigate and solve or explain the mental and emotional state that has developed from being around the narcissist, observing and developing an awareness of your thoughts and emotions, play back the situations and inspect, analyse, examine the acts or judgments that were misguided or wrong, the acts or judgments which were misunderstood or misinterpreted, you need to overcome and take control of these acts or judgments to avoid them occurring again, this will then reprogram your mind and make you able to deal successfully with problems or difficulties without any acts or judgments that are misguided or wrong, without any misunderstanding or misinterpretation and it will prevent or minimise the risk of any misguided or wrong acts or judgments in the future. Thank you for watching, I hope this video resonated with you, please like, comment, share and subscribe, click the bell icon to receive notifications for my future videos, if you would like to donate, my PayPal link is in the video description, coaching enquiries you can email me at narksforumcoaching at gmail.com, check out the demotion dice in the narks for a store where you can purchase your own narks for a t-shirt, tank top or mug, the link is in the video description, thank you for watching and I'll talk to you soon.


Okay, the next talk is SDR Makerspace by Alessandra Chetain who has also done GQRX. Okay, thank you. Hello everyone and thanks for joining me for this talk. And thanks to the organizers for giving us the opportunity to present this project called SDR Makerspace, which is a collaboration between the European Space Agency and Libre Space Foundation. This is my first time at FOSSTEM and also actually the first contact with the GNU radio community. So those of you who don't know me yet, I work as a software engineer in the SETCOM industry, mostly with control systems and embedded systems. But I have been in contact with, I had my first contact with open source already back in 1995. So yeah, I'm actually quite old. And the way it happened back then was that I wanted to get into programming, learn to program computers. But those of you who are old enough to remember those days, you know we had like DOS 6.0 and Windows 3.1 and getting the development tools weren't quite so easy. So I got to university and I got exposed to a very early version of Linux, which was quite good because we had all development tools available for using building software. And I also had the opportunity to use the internet suddenly and get a lot of open source software already back then and see how other people were writing code and do what today is known, the copy and paste thing from Stack Overflow. It existed already back then. So that's how I got into software engineering. And clearly I realized the value of open source for me personally and that's how I started to write open source software in the beginning. And eventually I got involved with Libre Space Foundation, which is a nonprofit organization dedicated for promoting open source in the space industry and the space communities in general. You will probably know them from the SETNOX project, which is a global network of ground stations available. In principle for everyone who participates in the community and they have also built a UPSET together with the University of Patras, I believe. And UPSET was the first open source satellite to be built and launched. It was launched in 2017. It worked for a while, but as often it happens, CubeSets have a very short lifetime. And the kind of launch, just briefly about the SETNOX network, for those of you who don't know, it's a global network of satellite ground stations. We are not talking about big 20-meter parabolic arrays and things like that. No, just some small amateur level ground stations for now. They are distributed all over the world. And the idea is that users who are either interested in satellites or operating satellites can schedule observations over several ground stations and get received telemetry or enhance their coverage instead of just having one or two ground stations. And already today the network is, I think we can safely say it's global. This screenshot of this map was taken about one month ago, so I'm pretty sure the network has grown since then. The green dots represent active ground stations that are actively producing data. The orange ones are also receiving data, but they are in what we call the testing phase. So they are being tested before they are deployed into production. And I don't have the numbers, but I think it's an insane amount of data is being collected every single day. So it's working quite well. How much? 2,000 satellite observations per day. So, yeah, that means 2,000 satellite passes over a ground station. Yeah, so, yeah, it's working pretty well and it's still a work in progress. Of course, it's built using open source technologies and all the software that has been built for this infrastructure is available on the Internet. Now, last year I had the opportunity to be at the open source CubeSat workshop, which was the second CubeSat workshop organized by some very nice people from the European Space Agency and hosted by the European Space Astronomy Center in Madrid. It was undoubtedly one of the best conferences I've been to or workshops I've been to. And if you look at the group photo, you can see there are a lot of young people and the age distribution is maybe a little broader than you normally see at science conferences. Let's see what I used to see. It was a great experience to meet all these young people who were still at university being passionate about both space and open source because the space industry used to be one of the... or is an industry with a lot of friction and takes time to have things changed. So, but all these young people will eventually graduate and get out into industry and they will influence their future employers to be more open. So, there was a lot of GNU Radio talk. You can see on this first picture, Michel talking about the AMSET GNU Radio DVBS receiver project. And on the other picture, it was just a typical lunch break where a 16-year-old Julian, who has his own company building open source satellites, is presenting his first bucket cube satellite to Danny and Peter N4IP, who I think many of you know as a quite famous person in the SDR community. So, it was a great... the community is being built up around that event. We also saw the cube set ground station at the European Space Astronomy Center, which I think is a quite... or I'd like to think that it's a typical cube set ground station setup. They have two antennas for two band directional antennas on a two-axis rotor, some rack equipment for the actual radio and power supplies. And you cannot see, but there are actually two HEC-RF devices there, open source hardware, for those of you who know. And they are running GPredict and GQRX as the software for the ground station. So, yeah, there's a lot of potential for us to make a lot of good open source software and hardware and just technology knowledge in general and bring it into the space community. And I think those of you who work in space or just SDR in general know that they are quite difficult and complex topics. There's a lot of engineering disciplines that need to work together. And you need to do a lot of testing and design and integration. And so in that area, both space and SDR has a lot in common. I mean, just to design a software-defined radio system, you need to know RF and analog and digital electronics, math, DSP, software engineering, and probably a little more that I can think about. So there's a lot of... I mean, quite risky to use these technologies without having sufficient understanding. And that's exactly what we see quite often in CubeSat missions, that the communication subsystem is just left as a... Kind of like, well, it's got to work. I mean, we have cell phones and they work all the time, send signals. So I mean, why wouldn't a CubeSat radio just work? And unfortunately, many missions fail because people don't put enough effort in it or because it's just too difficult to them and come as a surprise. So one of the objectives with the SDR Makerspace project is to simply create a set of open-source hardware and software and technology tools or knowledge and make it available as kind of like off-the-shelf projects and components that people can use in the future. Both CubeSats and also the space industry in general if they are interested. So as I mentioned, it's a collaboration between the European Space Agency and Libra Space Foundation. Libra Space Foundation is sort of like the prime contractor in the project and goes out scouting for people who implement the various things or... We try to focus or we are running short duration projects, many small projects and if a project cannot do everything in one round, then we just maybe consider taking a second round instead of having one very long project which may never finish. I try to illustrate how the actual workflow is running with these small projects. So Libra Space Foundation starts by scouting and presenting some areas of interest where we want to explore. When people potentially implement this, they write a proposal and I write... When I say write a proposal, it's quite informal so we don't want a 200-page proposal and things like that. Just describe the project that you want to do and what we are interested in and after a few iterations that proposal becomes a statement of work to be executed. Then the work is executed in several phases. I illustrated three tasks or three phases but it can be any number of phases that fit into the timeframe allocated and there are milestones in between and weekly activity meetings, mostly using online collaboration tools. Clearly some people live at the same place and work at the same place and are really trying to just use the tools we have available. Once the project is concluded, we usually have some source code that is available on GitLab and a final report for the project. Currently, or I try to group the sub-activities we have at the moment or have planned already now for the future, group them in three groups. As you can see, we have some GNU radio contributions or GNU radio work, some testing and more R&D-like work. The GNU radio contributions currently have the GR SOPE which we had a presentation about earlier today. GRLEO which is a satellite communications channel simulator. GRCCSDS which is a transceiver implementation on the IQ storage, which I will talk a little bit more about later. So, yeah, these are the projects that either have concluded or being worked on or we know is going to be starting very soon, but since we have about, I don't know, six months left in the project, we will probably get more activities as time goes. So, yeah, now I will talk a little bit about some of the activities that have been concluded and we'll try to leave some good time for questions and discussions at the end. GR SOPE has been presented earlier this morning, so I'm not going to talk a lot about it, but it was intended to bring a new hardware protection layer into GNU radio using the SOPE SDR API. And the main difference between GR SOPE and the GR OSMO SDR, which we already have today, is that it has a plugin-based architecture, so it loads the driver backends as plugins, which will make it much easier to distribute to the end users at the end and we will be able to support new hardware much faster and much easier than we had been able to with GR OSMO SDR. And as the author of GQRX, I can tell you that has been quite a challenge, so I'm looking forward to what we can do with this eventually. But already today it is available and is out of three module. The project has concluded and it works. If you install it, you will get a signal and a source block in your GRC, GNU radio companion, and you just drag and drop the blocks and it should work out of the box. You need to know the device strings that you would use in SOPE SDR, but other than that, it's just really simple plug-and-play, like in GRC. The second project that has concluded is GRLEO, which is a satellite channel simulator for communication links. And what it does is to simply simulate the free space loss and all the losses that we get when we send signals through the atmosphere. And there are some ITU recommendations that describe or provide some mathematical models. I think we also use some other literature for implementing it, so it was basically just implementing it and making it available as a GNU radio block. Probably you can't see what's going on here, but it was just to illustrate how relatively simple it is to use. This is one of the examples that comes with the out-of-tree module, and first we have, this is just to generate a baseband signal, a frequent, an FSK baseband signal, and we have the actual channel simulator block there, and the rest here is just GNU radio visualization tools.  It actually simulates the passage of the satellite in real time, so you can simulate your communication link as if the satellite was passing over a ground station. You can configure different type of antennas for both the satellite and the ground station, and you can actually also use different channel models. Currently, I think we only have the Leo channel model, but it has been made so that in the future it can be expanded with other models as well. If you run this simulation, you will get a nice real-time running application in GNU radio, and what you can see here is actually the Doppler shift of the signal as the satellite gets close to the time of closest approach. So one thing that will be really interesting with this GR Leo simulation is that it can also be used for testing with hardware in the loop. On this picture you can see here is an electrical mock-up of a satellite. It's a very simple one. There is a power system with a solar cell simulator. There's some command and data handling unit, some GPS, and the actual communication unit. Now you could connect this communication unit to a good SDR receiver you have, probably through some attenuation as necessary, and then run the baseband through the GR Leo block, of course with proper mission parameters, and then run your software-defined radio receiver that you intend to use for the mission and get the mission data out of it. So I think this will be very useful, both for people who build satellites and also for us as one of the next projects where we actually want to create a testbed for testing SDR devices and SDR software with real hardware in the loop. So finally, the last, one of the last Guru radio projects was the GR CCSDS transceiver blocks. CCSDS is not even an attempt to guess what the acronym is for, but it's a body who defines a lot of standards for space communication, for example, over the whole, all layers of a space mission, including, for example, they had standards for how planetary rover has to send data to an orbiting relay station and how to compress images. And there are these three standards that define how to send telemetry, telecommand, and how to modulate the signals. And the GR CCSDS project, is to implement at least a good representative subset of these standards so that we can use them in the GRU radio applications. And so the way it works is we have mission data coming in, the CCSDS transceiver, an SDR device, and an RF front end. So it will be a complete transceiver for space applications. And to put it in context with the previous slide and the hardware in the loop simulation, the GR CCSDS transceiver would actually be this part here called GNU radio receiver, or transceiver. So it will be pluggable straight into this test setup. Now the final GNU radio work we are actually just started is IQ database, IQ storage and compression because as you can imagine, there was thousands of observations every day in the SATNOX network. It's actually a big challenge. We need to store data. The way it works is that the observer schedules an observation through the network. The network sends a request to the client which is the actual ground station. The ground station will then run the GNU radio applications and when the pass is over, they will send the data back to the network and make it available for the observer or the users. Currently we are saving waterfall images, audio recordings, that's for historical reasons, and demodulated data which is sent back. We would really like to store IQ data, at least low-rate IFIQ data for later reference and also with respect to when new satellites are launched, then our network has been proven quite valuable in the orbit determination of these satellites and for that it would be nice to have some IQ recordings to work with but that will require some efficient storage. This project will look both at compressing the IQ data and storing it efficiently and SIGMF is of course on the table for storing the metadata for it. Finally, we have a lot of test and evaluation activities going on and we evaluate both hardware and software. On the hardware side, we want to test the hardware under realizations which means we don't want to confirm what the datasheet is saying. I mean we trust that if they say a device has a 3 dB noise figure, we trust that's correct. But we also know that in practice you will never use a device in an environment where you actually get that 3 dB noise figure. You will always have to back down the gain to get maximum dynamic range and things like that. You always have some RF noise in your environment. There's no point in measuring it in an EMC room if you don't have it in reality. We also will perform radiation testing of selected devices with clearly the objective is to see can any of them meaningfully be used in maybe satellites in the future and look at FPGA tool chains, alternatives for the tool chains that the FPGA vendors give us and also the criterias like complexity of the devices of the drivers of the software of the tool chains and how open source friendly they are in general. That's basically all I had to say. Clearly thanks to the European Space Agency for believing in open source as a future and the Libre Space Foundation for the amazing work that has been done for years now. And of course the SETNOX community who unknowingly are the guinea pigs for testing all the stuff we are doing. So we're happy to answer any questions. Yes. This gives a kind of definition of what needs to be done but what do you do when the people do not publish the coding they keep it closed so you get the data but you cannot read the data. Yes so the question was what do we do when we receive satellites where we don't have to publish the data format. That's a big problem we are fighting. It's actually already a problem in the SETNOX network and currently we are only risk... So to answer the question the CCSDS for that project it's not a problem right because the CCSDS kind of tells you how you encapsulate the data. Correct me if I'm wrong Manolis? Yeah so the data comes out and then it's left to the users to interpret it. Can you use the ESA to pressure people to be more open? Yeah well so can we use some... Yes well it's clearly also the CCSDS network grows and people realize its values. We can put pressure on them and well I wouldn't call it put pressure on them but try to educate them and enter the dialogue before they launch the satellite because after they launch the satellite and realize that they cannot communicate with it of course they come to the amateur community and cry for it please help us but then it's almost too late. So yeah. Yeah so the question is whether the UP set is fully open source correct? Yeah it is fully open source and everything is in GitLab in the GitLab repository. So the software designs and the software. Yes that was... So the question was how to contribute to the SDR Makerspace project? Yeah so the SDR Makerspace project is sort of geographically limited because of the way this works but the set knocks itself can be joined by anyone and so at least through that anyway talk to Pierre or somebody who knows more about it how it works but I think currently it's... Yeah it's him. Yeah. Yes? Yeah it is... So the question was whether we could integrate GRCCSDS into GQRX so personally I always try to keep GQRX as simple as possible but having said that I've always also been open to make some sort of plug-in framework plug-in like framework that makes sense because clearly you want tools to be expandable so we'll see in the future. I think that was... Yes it's something we would like to... The question was about FPGA in the cloud it's something we would like to look into personally I don't know much about that or cloud in general I'm a low-level guy or low-level programmer but I mean already today you can... I think it's Amazon Amazon offers everything but they also offer that you can run some FPGA IP cores in their cloud service so yeah we would like to explore it There's one more question there Yeah but I think we need to start changing people over Thanks Feel free to keep talking


What's up guys? Happy New Year's. So today I just kind of want to go over a little bit on how to become more successful at trading and how trading sometimes is like a business and in order to be really successful you have to have some of the basic essentials and some of them are you know when you're starting out you want to have a business plan. You want to keep track of your revenue and your losses and one of the other slides is the marathon it's not a sprint so you got to kind of remember that you got to take your time and slowly approach this kind of identify your problems find solutions and then post some recommendations and and you know what you guys can do to become more successful. So I kind of would just cover this because I noticed yesterday we had some people that were you know having issues and a lot of people were were having a problem like we have people reach out to us last year the last couple of weeks saying they were having a hard time just you know being consistent and just being able to to generate profit from trading and I think one of the biggest issue is a lot of people don't realize that when you're when you're trading it's not just like a job it's not just you know it's not just like a secondary thing when you like especially a lot of you guys when you want to you know when you want to become successful in trading you have to really treat it like it's more than a job it's more than just a hobby it's like it's your business you know because you're looking to make money from it and you're looking to generate income from it right wait you guys can't hear me testing testing damn getting troll man messed up so one of the first thing about starting a business is having the business plan right you have to define where you go is what are you looking to achieve with trading is this going to be your side hustle is this going to be your main hustle or is it just feeding your gambling itch right and you have to kind of ask yourself that you have to sit there and you have to ask yourself what are you trying to achieve with that and which one of these are you going to try to do right and after you decide that you need to decide how much time and effort are you going to put into it and how much do you need to survive so these are just some basic goals and basic questions that that you you should ask yourself and to figure out what you want to do and achieve with this business because some of us are perfectly fine doing this is a side business and and some of us are trying to do this as our you know our main hustle and then there are people that are just doing this because they got nothing better to do and we just want to feed our gambling itches right so you got to figure that out and after you figure that out you know you have to figure out your objective objectives how much time you want to spend right so if you really want to be successful with this if this is what you want to do and you want to be doing it well you should spend some time every weekend preparing so you should make some objectives for your business for me i spend about five hours every sunday preparing for the week ahead you know and and one of my other objectives is trying to make five thousand dollar a month that's how much i'm trying to shoot for on the monthly basis i don't really have a daily goal because when you have daily goals sometimes it puts a lot of pressure on yourself and it's very very hard to like to like um to catch up once you start missing that daily goal so number three of your business plan is you just have a strategy how you achieve it and what is going to be your edge in this to beating the the market and beating the casino right do you have a system that you're using do you have a set of indicators of how you're you know that's going to help you in beating the market or are you following a really good um player or mentor that is you know able to to teach you the edge and give you the edge so it doesn't necessarily always have to be a system it doesn't necessarily always be you know a set of indicators it could just be um understanding and following the right analyst to that that will work out for you and help you to find the edge in the market right so one of the other most important thing about being successful is being able to keep track of your revenue and your losses so as with any business every problem you know any new business every problem will be a learning experience but in order to identify your problems quickly and solve them you have to keep track of all your trades and your transactions you know and some of the thing I would recommend you guys to do is that you should you know keep track of when you're entering the trade why you're entering the trade right um and also the ticker that you're playing so you ideally want to think of this like a product or service you want to know you know which product or service they're doing good and which aren't so the reason behind that is because some for some of you guys you know you might be finding that every time you're getting into like a Tesla trade you have a really high chance of losing that trade so if that's a pattern that you identify then maybe you shouldn't be playing that trade anymore right or you could potentially identify that oh you know um you could potentially identify that oh I you know I tend to lose money a lot when I'm playing puts or I tend to lose money a lot when I'm playing like weekly options so things like that you know identify those problems and and and you'll be able to find out how you can you know and make small changes and you might be able to you know completely turn your trading all around because there are a lot of people that just trade weeklies there are a lot of people that are just addicted to trading Tesla or Shopify whatever that may be you know if that's a problem for you change it make small changes and adjust that so we'll also have a link here and you can use this link to get um your free trading journal from xtrace you can edit this yourself as well or you got to do is go here go to files and then you click make a copy and and you can set up you know your own your own your own log so you can write you know um how much your account balance is here you can play around with this you know change your account balance to 5000 once you make a copy over here and you you're making your own you'll own this file and you can do whatever you want with it and you know you can change this percentage here on max position size you know telling you how much you should risk and you you can write down potentially some strategies for yourself that you should ideally follow and remind yourself on a daily basis when you're reading this so this way you know what you should do so this session i'm not going to try to make it too long because i don't want to get you know i don't want to waste everybody's time i don't want to make it too boring so i'm going to keep it a pretty short session and just go over some of the basic stuff the fifth slide is going to talk a little bit about how this is it's a marathon it's not a sprint so kevin which is uh the only in the room he mentioned last year after the gme hype um the game stopped run he said the true winners are the ones who can see this as a marathon and not a sprint one back one bad week won't determine your career unless you allow it to sit on hand when necessary a 38 dollar per month chat membership won't save you from a bad market if you're not properly adjusting and adapting so those are key those are key words because if you're getting wreck just from a bad day like today or a bad week that means you're you're not you're not properly planning for this you're not properly adjusting you're not properly risk managing and and you know you're just you're just throwing a dot at the wall you know dart at the wall and just hoping to succeed so if you really want to succeed you kind of have to you kind of have to take it easy know that it's going to take a while and and it's going to be a learning process and you'll have to continue to learn so so just like any business you need to understand that make take a while to reach true profitability so as soon as you come to terms with that that's going to take you a while to become profitable if you want to be good and you want to be consistent at it it's going to take you a while so you need to consistently identify problems improve your business and generate more profits in this case you need to keep learning finding your edge in the market that works for you you know because if you don't have an edge in the market what's going to set you aside from you and and and some some random bozo that's just walking into the casino right so in order to find your edge you have to test out different concepts there's so many different training strategies in different ways different patterns ideally you want to learn most of them but you want to take time learning them so some of the patterns or strategies are breakout plays when a stock is breaking out you want to you could potentially enter in the breakout looking for it to continues go further or you can trade you know pullback setups where you're you're only buying on like the dips like you're ideally want to buy a breakout that just come back down or ranges um so I'll show you some example of breakouts and pullbacks so right now we're looking at go futures and this is a pullback right here pulling back to support so that was that's an easy entry so if you're just playing pullbacks you're waiting for the pullback to support pullback to support pullback to support and you're playing the bounce from here to here if you're playing breakouts you're looking for this entry here you know you're looking for this entry from when it breaks over here or when it breaks over here you're looking for a new high and then ranges are just like you know um kind of like spy where where spy is trading you know in this like this this zone right here this is this is possibly a range play here here here here here um and here where it validated right so not all play is going to be 100 successful there there's always going to be losses but you have to identify them and properly risk manage for that so there's also you know short squeezes bottom fishing penny stocks option strategies there's so many more but the key is you want to master one setup or concept at a time before you move on you know if you don't know what to master first read them all see which one sounds good see which one is easy for you to comprehend comprehend and and take some time to decide you know by paper trading some of these strategies see which one works best for you right so kind of think of this like uh like sports or martial arts in order to be good you know at at like bazillion jiu jitsu or mui tai or jiconto you need years of practice you know um and and after you practice and master each art then you can do it mix martial arts right and then after you do you know after you achieve and you learn multiple martial arts you can you can become you can become a usc fighter you don't even need to train anymore so just remember that in order to become good at something or successful something you also need to take time to master the concepts and i think that's one of the problem a lot of people have too is that they don't take enough time to properly master all these different type of concepts you know whether it's breakout pullbacks and or just basic support and resistance one of the easiest technical analysis to learn to learn and understand is just a basic support and resistance and and how volume and and rsi drives the stock sometimes or shows you where the stock indicate where it's going so the next slide is identifying problems as we come to term that trading is more than a long term business is more of a long term business you need to identify problems within your business model and how to improve it so some of the common issues i know a lot of people have are usually poor risk management you know they're going all in the one tray or some some sometimes people are already in the hole and and they just want to get out of this trading you know trading loss hole right they just want to recruit all the trading losses and they're they're they're like extremely bullish on one ticker once they see that one ticker alerted they're like you know that i'm going all in apple never goes down going all in this tray and and and then doesn't go your way and what happens you just end up digging the hole further right or the other issue is um you know sometimes people get into a tray and the tray is so great it's going so well it's going 100% 200% but they have no clue when to sell because last time they saw um at 100% or last time they saw a 20% the ticker ran to 200% um and then the other time they didn't sell the ticker went back down to zero you know so it's all these a lot of these common issues where you gotta you gotta realize this is a problem and you need to get better at that risk management some of the other issues that um i have heard people have are locations environments you know if you're trading if you're running your business you should you know you should make sure you're not in a noisy environment you know or if you have that into the service or if you're trading with a 12 inch laptop you know that's that's no bueno gotta gotta gotta you know move away from that and and try to improve their environment um another issue I hear a lot is just stress and emotions you know people that are juggling multiple things and once having issues with spouses or bosses or problem at work um and then there there are just some people saying you know they they don't understand technical analysis or that people just thinks technical analysis of witchcraft and they might also better follow astrology but at the end of the day if you understand technical analysis you'll know that you know those astrology charts and or you know are just uh is just just like just market fundamentals because a lot of the astrology dates that that you know that kind of aligns in the middle of the month and and those are usually when monthly options expire so usually when monthly options expire around the 21st or the 18th or whatever those dates are um they usually have a big move within the market so it's super common just like how Wednesdays um tend to be FOMC days and and Wednesdays tend to be a big move days on FOMC days as well but a lot of people don't don't understand that those are all market fundamental dynamics that you have to get better understanding and you'll be able to you know understand how that plays into the technical analysis as well and then sometime we hear people don't have enough time to learn new stuff so go over some of the solutions for those if you have poor risk management you need to have a plan go into every trade stay consistent with the amount of money you're risking in each trade so that you'll have a control result when you log these trades so every time you go into trade you should have a plan on whether you're exiting 100% or you're going to exit at 50% you know and and if you're going to exit at 50% 100% then you should know what your stop loss is you know whether it's 50% or 25% you need to define that plan and you need to execute it and then you need to test it to see how well works so these are some super easy basics that you can do just to have proper risk management the other thing is you know it's just staying consistent with the amount of money that you're going to risk in each trade so this could be something as simple as like I'm going to risk a thousand dollars per every options trade or I'm going to risk only a thousand dollars per every stock trade or penny stock trade you know very simple things just stay consistent so that when you're logging these trades you know you'll have a control result and it will show you how and why and where you are super successful at so the second one was location environment so as all businesses they have startup costs so just like your location environment you need to spend money on a good trading setup ideally two screens and design a good environment to trade you know if you don't have space in house try to make space or try to make that make make room available where it's quiet you know without distraction and you have to let your your spouse or your roommate know that hey you know this and that's time I'm going to be trading I want to be able to focus you know can you not like you give me that space and ideally you also want to have some notebook you know have some some stuff on screen or like your trading rules and stuff and things like that that can you know assist you better in your trades or a logbook too just for like all these market environment situations I think the other problem is stress emotions so most people don't operate well on the stress so if your head isn't in the right place take a break come back another day and the market will always be here you know just remember that the market is always going to be here so if you're not in the right situation if your head is not in the right space don't take trades because you're going to be emotionally you know you're going to be like all over the place emotionally and that's not going to help you in making another trading decision that is high pressure as well don't understand technical analysis so TA is only technical analysis only as a trader doing it that's why a lot of times when people see like they can see five different technical analysis on one ticker you know on five different directions or whatever so and and they're like you know what like one of these guys is right but the other the other two or three is going to be wrong so it's just all wishcraft it doesn't work but that's not true a lot of them is just like you need to understand the dynamics or the person doing them needs to understand the dynamics of the market and how to like properly use them if you don't understand that it's not going to work you know there's so many things from our side there's so many things from volume you know candlestick patterns you know chart patterns all these different stuff that some people might be missing while others aren't and and that can influence how that trade setup is going to go so you have to learn how interest indicator works and be mindful of catalysts so catalysts are things that that you know that can be affected in the news so one of the recent example of that was um what's Tesla so we had Tesla on Friday right it was over here trading at December was it December 34th December 31st I mean it was trading in this trend line naturally this is a bearish trend line you know it could it could be both it's a breakout or a bearish so it looks like it could potentially reject like the last three times this time it was getting really weak some of the indicators of pointing to our rejection as the volume was selling off but really it didn't matter what the chart set here it just mattered what the catalyst was going to say so for those of you that that were paying attention to Tesla you would know that on Sunday you know uh they were going to release their delivery numbers and if they did really really really really well in the delivery numbers the stock was going to kick off if they did poorly on the delivery numbers the stock was going to come back down to like 900 all levels so these were were catalysts that could potentially affect the direction of this technical analysis so we had an error going up an error going down it literally could go either way there was no one direction so here are some recommendations if you guys are new we're so we're coming to the end of here we're wrapping up to about 23 minutes so if you guys are new you guys haven't seen this post here I post this in our account challenge in an ER challenge section so some of the recommendations especially for new traders that aren't in tune with their emotions and that doesn't know how to train the zone yet it doesn't have a sort of rule in everything yet I highly recommend you to read Trading in the Zone by Mark Douglas he's an old trader I really all do but a lot of the rules and the the stuff that he talks about in this book still you know still applies to the market very very well and applying to the mindset of the trader very well so another thing you can do is like recommend you know go to so you can find that post here so another thing I recommend you to do is go to Investopedia site and learn more about technical analysis so there's this link over here Investopedia trading slash support resistance so they they do a really good job of explaining the basics of support resistance and all these other indicators that you can use and you know they give you a little bit of basic understanding of it but of course just like anything you got to play around with it just to understand it even more and then if you if you achieve those then you got to develop the next thing you got to do is you got to make your own strategies you know and make your own rules of how how you can apply yourself and and how you're going to be successful at it so if but if you're not a self-learned kind of person another thing you can do is you can also pick up a mentoring package as well by reaching out to some of our staff members whether it's Youngbowl or Brickin and you know you tell them that you want to set up some mentoring sessions with some of us whether it's me or Youngbowl or any of our top trader and analyst I think this is probably one of the only few trade rooms where we have a lot of mentors available at you know pretty reasonable prices per hour as well and I think we have a package for five hours too so that these are you know if you if you're serious about your business think of it like consulting fee or start-up fee you know think of it as just like just helping you get a nice jumpstart in it having somebody mentor you and giving you the foundation the basics that's going to help your business out a lot so if but if you're not willing to you know if you're not willing to invest in yourself if you're if you're not serious enough then you need to consider your decisions right so we'll come into the end here so I want to thank you guys for being a member of our community subscribing and I hope this session was helpful so if you guys have any you know if you guys appreciate it or have any questions please go to our survey let us know you know what we can do better and if you appreciate it please give us a thumbs up both for us and survey oh let me show you this thing uh I forgot to show you that's thing that Tommy sent me if you don't have enough motivations right so one of the other thing was a lot of people said they don't have enough time to learn new stuff so if you think you don't have enough time to learn new stuff hold up why isn't this link working so if you don't have enough time to look at new stuff just go watch this video you know it says have you ever heard a crack say I have no money I'm not going to smoke today no they always find a way are you gonna let a crack it out hustle you today so every time you think you don't have enough time any time you think you don't have enough motivation just remember somewhere someplace at some point a crack is out hustling you today don't let a crack it out hustle you man but that's pretty much it guys I hope that was helpful and I hope you guys have a good night and start working toward your new year resolutions man let's get it 2022 thank you and have a good night