So in this video, I'm going to be talking about profit taking and really where the best place Potentially is to take profit because it's a question that a lot of traders struggle with and what we want to do is try and maximize our profits and this conversation really was kind of sparked by Earlier this week where a trader said to me in our discord group that he says Leon You have given me so much confidence to hold my trades longer just closed the euro Aussie with a six point six and a half to one risk reward gain and You know I've applied, you know that I'm happy to hear and then well done now It's just about taking those higher quality trades and the key is to hold, you know, like you've been doing If you can you know just a couple of these trades every month and you know Rocket quality of a quantity and value over price action and then there was a another trader who Because this was um, you know put in the group This this this trader this level and another trader said that he was in the same The euro Aussie trade but chickened out and made a deep but he made a decent three to one No, and out of all the traders that are still in this trade. I guess I'm the only one And because I've learned to really kind of hold trades now It can be difficult to hold trades and we Tend to want to you know take profit We look at our unrealized profit look at the fact that we're up, you know You know a good two three four to one and it's easy to kind of snatch the profits But but none of us really know How far the market can go so we have to try not to approach Um trading from an emotional standpoint as far as you know taking the money and run right sometimes we can actually Leave money in the market and see how far it will go so You know, uh, well my entry was somewhere around here I think maybe some other traders got got a better risk reward, but mine was around here And I'm still in this trade now my long-term target. Yeah is You know somewhere could be anywhere down here. I'm going to let this I'm going to let this run As far as potentially possible right and some people might say well how I'm asked me be asking how You know, how do you know where to take profit? Let the market stop you out? Yeah, maybe you can have an overall goal Yeah an overall um Goal as far as you know, maybe you want to try and head down to maybe somewhere around here for some logical reason so a logical reason maybe It might be for example the yearly low it might be you know the the low from you know a couple of years ago It might be a fresh, you know demand zone, etc Whatever the reason is have an overall target. Yeah, where you potentially want to take profit as far as you know, maybe Way into maybe the future maybe somewhere down here where you can go for maybe 15 to 1s 20 to 1 type trades and then secondly what you want to do is You want to maybe take profit and scale out along the way so an example of this is I have a a potential Scale out point, you know somewhere around here where I'm going to be taking at least maybe something like you know 80 percent, you know 75 80 percent of the trade Off the market if it can get down here and then I'm going to let 20 percent run for maybe as far You know as it can possibly you know go because I'm already up the trade can't lose and You know for the whole year Let's say for example, I could hold this trade for a year Maybe, you know 20 percent of my overall position can turn into you know a monster trade Who knows how far this can go and all I have to do is do what it's just hold but holding can be very hard obviously when You are in a trade and you're you know, you obviously we do want to make money so But holding trades gets easier If You're already in the money and you can you know take maybe 80 percent off and let maybe 20 percent run another way that I you know It makes it easier on my psychology is by entering two positions and letting one run so I have a video on that matter of fact You know And the link is probably going to be up on the top right hand side somewhere I'll put it on or if not in the in the link in the description box below But what you want to do Like I said, he's entered two positions and then when you if you get you know Maybe that's something like a two to one on one of the positions It makes it a lot easier to then hold the second trade. Yeah And let it run For you know to a logical level now When it comes to choosing levels as well I think, you know, why would I potentially think that prices could come down here or even further now with technical analysis What we do is we look and especially supplying demand zones is I'm looking at levels That may potentially break. Yeah, and and may not hold on Why would this level potentially break is because this level has been touched several times Yeah, so we've got a level where it's been touched once twice already Probably three four times if we want to include that So the more times an area is touched is the weaker it becomes So that has a better chance of Of of breaking through yeah and going down to maybe a fresher area of demand Or supply so whenever you have an area that's been touched several times Don't look at it like it's a problem area and it could reverse and it could reverse it You know, it could do something like this But it has probably more of a better chance of breaking through that level if it's been touched, you know once twice three times four times and I'll give an example of this as well um on the euro Swiss trade and another trader in the group today took um 175 pips on the uh, it says uf, which is the euro um dollar franc Uh dollar swiss and the two to one on a higher move up on the same currency pair And the setup was this The setup was uh All right Here we go. Sorry the setup was here Now at the time yeah, um You know, this is where some the trader got in somewhere around around this area here Yeah, and by now we're saying to them I said to them and everyone who was in the group Yeah, what you want to do is go for fair value targets Yeah fair value targets or eight percent of the range targets. Yeah, and the reason why that is is because When you get a large move You'll see this Let me just uh delete these out of the way All right, when you get a fairly large move to You know and prices stopped and prices don't pull back Yeah, it's a fair value because at some point the market has to pull back to what is known as fair value So from this high to this low We don't get any pullbacks and as we continue To go lower Yeah, prices don't pull back to that fair value Yeah, prices continue down and lower and lower. There was no major pullback. There was no major pullback Yeah, there was no major pullback Here we just keep dragging it down. So We've got a setup. We've got a nice demand zone around here prices make the high highest high lows and then there was you know Prices came back down into this zone on the monday. There was an entry Um around here to get involved in the trade So I was saying to you know that trader what you want to do is look for this fair value target as you know, you're one of your first potential Targets and I explained and I broke this down simply because you don't have A pullback at some point, you know, this is if if you're looking at this being An absolute bargain and it's being a cheap area or this being You know an expensive area and it's being a cheap area depending on which one you're buying So for me, I'm looking to buy the u.s. Dollar. So this area represents an absolute bargain so at some point Prices have to get go back to you know The midpoint between You know an expensive area and a bargain area and that is known as you know, the fair value target so as The dollar was bought, you know in a potential bargain area Going back to The target Yeah, this was an area where there was potential supply right here and this level had been touched Several times Yeah, so this level has been touched once twice already so As this level had been touched I was fairly confident that prices would break through Because it had been touched already and it became weaker in the same way and the euro was he You know That level had been been touched several times So we can now see Obviously that you know what happened around here and prices have now hit that fair value target. So Two things Whenever you want to go for extended targets look to see whether Price has been touched, you know at that level several times and then don't worry If you know you're under if you run if you understand that you're buying as far as fundamentally You're buying at a bargain area Yeah And you want to go for extended targets like the fair value ensure that it's the levels that you know Any levels that are in your way Potentially from reaching that target have been touched at least, you know once or twice Yeah, and then obviously there was the take profit It took maybe about what since the third of february. So About a week a week or two You know to reach that nice nice swing trade that And uh, you know well done to that trade as well for you know looking to to hold the trade as well Holding is not easy. It's not easy to do but like any skill. Yeah If you're not driven by short-term gratification and go for more low-term gratification All you need is a few of these trades every, you know month or two Where you can get, you know, your your five six eight to ones ten to ones because like I said, none of us know How far prices can go and now even this first target what this trader could have done is taken 80% off Yeah of that and then let the 20% run Yeah to see how far this can go because That that 20% Yeah of whatever his if you you know risk 1% for example that 20% can then turn into you know an extra Uh, who knows if you know, I mean the upside is is unlimited. Yeah, so Try and do that maybe this year make that be one of your goals rather than, you know Snatching at profits this year and always going for maybe short term maybe two to ones one and a half to one type trades You know when you get to and I'm always an advocate of at least going for at least a two to one Yeah, so whenever you get, you know, maybe hit a two to one instead of maybe just taking profits and then looking for the next trade Maybe take 80 90% off and then let the 10 20% run and see what happens And then you get into the practice of holding trades because that's really what's gonna end up, you know Growing your account you don't have to do anything because you're already up You can move your stop if you want to to break even and things like that or trail it up If you're still really scared and really shouldn't be if you're already in the money and you already banked your profits, but Um, and just see how far it can run, you know, if you're watching this Um, I'd like to you know hear back from any of you guys that have got this far into the video That that are really going to take up the the challenge. Yeah of you know Of of swing trading and just to see the effect that it has on your overall, you know account and And if you can get some of those really, you know big moves because we all want To make these, uh, you know these large moves here, but how many of us are willing to actually hold Not many anyways guys rambled on a little bit. I hope you guys have a Have a great trading week into next week as well and Happy valentine's day for those who are celebrating it and take care


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Yes, welcome dear viewers, and of course for the very last time during this series of the morning Barakah Muharram special We're going to be listening as ever to Mustafa Ali who very very beautifully kicks off our program for today So Mustafa, Salamu Alaikum. How are you today? Mustafa's been quite a journey with you. We've gone through many many different chapters in the Holy Quran. So, you know Today's chapter you're going to be focusing on on chapter 18 Verse 107, so I believe that's sort of the calf. Yeah Just just before we do actually, I mean, I'd love to get your Not opinion, but I'd love to get your thoughts on how it's been of the last couple of couple of episodes And essentially we've heard we've heard you every single episode Just to get your thoughts on on how it's been so far.  Yes, I show you amazing reciter Definitely, definitely. So for the very last time we very much look forward to Mustafa Ali Sadaqa


I've seen some tanks Ladies and gentlemen so I'm like just turn on a subscription. Why don't I say turn on subscription? Just turn on the notifications Subscribe right now give this thing a thumbs up and comment below what you guys want content wise 2018 We're doing really big tanks like Drake says but today.  I've heard that I know that but then why aren't you doing it?  Look, I'll have a diet coke here and there I've been chugging on some liqueur, but if you get your liquids in a lot of water one You're gonna be less full if you're hydrated a lot of times our bodies need water, but we think we need food That's that mind game and number two if you start taking away calories from there. That's just an easy way to That's just the easy way to get into a calorie deficit and again to lose weight We just basically need to burn more calories than our body needs daily and hopefully if we're in a slight deficit We'll keep some of that muscle and we'll stay feeling good for the long term, which is always the goal tip number two focus on protein every meal so Depending on how many meals you eat that's kind of up to you and your lifestyle The latest research that I've heard of from them experts that are way up there And I'm just a little guy down here is that meal frequency is not as important as some people or we all may have thought at one point Everyone thought you need to toke that stoke toke.  So basically it's more than You know two three four five meals a day is just fine Evenly dosing your protein through the day may help build some muscle or maintain that muscle where you're losing fat But just focus on whatever meal if you're eating out or if you're at home get the majority of your meal focused in on proteins and That'll help. I typically recommend people that are in a normal body fat percentage, you know 25% or less To have about one gram of protein per pound of body weight that you weigh. That's just kind of a general rule There are some specifics to that But that's what I got tip number three three three Three three three three what we need to do is Have a plan if you want to go on a road trip if you want to fly your family somewhere You always have to have an itinerary you have to have a plan You have to have a route that you want to go to so daily weekly monthly Let's have a plan on our exercise and our workout Which are the same thing? Hypothetically, let's have a plan for not only our training our activities our life But also our diets and our meals so know about what time you can eat know where there's gonna be food You don't have to be locked into the Tupperware, but if you have an idea like okay I know I'm going on a road trip and Chick-fil-A has better healthy options for myself Then maybe McDonald's does and I know I'll be around a Chick-fil-A around 11 o'clock So I should eat something at 8 o'clock so I'm not starving the whole day Just a random example because I'm driving to LA in a couple days to give you an idea But let's have a general plan of when we're gonna eat what type of foods we're gonna eat And also if you have an event that night, that's a work event or maybe you're going ice cream tasting I don't know if that's a thing But I hope it was that you would account for that and hopefully cut away Maybe some of the carbs and fat earlier in the day to make up for it I'm not saying don't go to that ice cream tasting which I hopefully is a thing because ice cream tasting sounds way better than wine tasting and You just adjust for it accordingly throughout your day throughout your week Maybe go for it a little extra walk at lunch something to kind of counteract those extra calories because ice cream tasting Sounds like my new business venture that we're getting to 2018 because it sounds almost as good as an ice cream buffet Which was another business idea that I had in the past that I never acted on and so whoever picks that up in the comments We'll have a very wealthy business and lucrative business going down the future ice cream tasting with an ice cream buffet truck or something of that nature I don't know but have a plan figure out what you're doing have an idea of where you're headed while you're doing it Have a plan This is something a big proponent of is if you're getting in the lower body fat percentages Or you're a little bit more dialed in and you're counting your macronutrients You're countering your calories Which is the most accurate way in my opinion to lose weight or to gain muscle Whatever the goal may be is to always track your food put it in your app or write it down Before you eat it one. I think that helps a lot of people mentally with their portion control and what? They're actually gonna put in their body to it's a way to stay organized and three for the beginner I think it's a great way to understand what types of carbs fat and Protein what amount of calories are in what types of food? Sometimes you'll eat something great.  I just warped down 1500 calories rather than if you put in your phone You're like man, that's 1500 calories Maybe I should do a bowl because I'm going to an ice cream tasting later or something number five in our last one Even though it isn't necessarily a diet tip per se is let's start to focus on performance Let's focus on our activity obviously the more you move the more calories you burn and also No one ever looked worse gaining muscle and losing fat So if you want to get into some strength training you could get into yoga you could get into running I don't really care what it is But find an activity you enjoy and do a little bit more of it and not only have those with a plan and a schedule But also the activity that's non Specific per se where even if you want to go for an extra walk if you want to stand instead of sit If you want to go play with your dogs or walk your dogs an extra time the dogs will love it You'll love it. You'll burn a little more calories and then of course that deficit of calories will be a little bit bigger And you can lose more fat Maybe adding a hike in with some friends every once in a while playing some extra sports basketball soccer Whatever it might be just sprinkling in activities when and how you can the old adage of not taking that escalator And taking the stairs little things like that really do add up if you stay consistent and do them every day every week every Ladies and gentlemen, I that is just the tips for the new year new you fat loss plan You can do side Benzo sit-ups there's so many great songs about fat loss baby got back Kanye's workout plan. How's that one go? Something mocha lotty you got to do Pilates Crunchies, I don't know man. Kanye's rapping a whole song about Pilates. It's amazing. Ladies and gentlemen, we're gonna have more vlogs More gym footage more informational stuffs on this channel. So be sure to subscribe turn on notifications silent Mike I'm out of here. I'll catch you guys in the in the next one. Happy New Year to you New year new me who dis new YouTube channel new subscribers new workout plan new ice cream tastings We have


If you found this video by searching for the meaning of the word trope, chances are you came across two very different definitions before you got here, and both of them are used in literary settings. The first defines trope as a catch-all term for figures of speech that say one thing while artfully and imaginatively implying another. We've explored a lot of these tropes in this very video series, words like metaphor, simile, allegory, synecdoche, and so forth. Juliet is the sun, says Romeo. This is a trope. Specifically, it's a type of trope called a metaphor. The other meaning of the word trope is a storytelling convention, device, or motif. Specific tropes might be characteristic of a particular genre of storytelling. For instance, one trope you see all over the place in folktales is the rule of three, where three characters or events create a predictable pattern, usually two failures and a success. We might think of the three little pigs, the magic lamp that grants three wishes, Goldilocks and the three bears, Cinderella and her two stepsisters, and so on. Or there might be character tropes like the manic pixie dream girl, a quirky female character who exists solely in the fevered imaginations of sensitive writer directors to teach a broodingly soulful young man to embrace life and its infinite mysteries and adventure. This stock character was pretty popular in the early 2000s, but garnered enough negative media attention that it became a cliche and doesn't tend to show up in media as often anymore unless it's being satirized. Now, the first definition of the word trope, the one that calls a trope a figure of speech, is the one you're likely to find in writing books and websites, like the silver rhetoricae, an online encyclopedia of literary terms and figures. The second one, the one that defines it as a convention, is more likely to show up in spaces devoted to popular analysis of media, like TVTropes.com. So why these two definitions? And which one is the real one? Well, it depends on your perspective. The definition of trope as a narrative convention has its first attestation in the Oxford English Dictionary in 1975. That's pretty recent. Meanwhile, the definition of trope as a figure of speech goes at least as far back as Aristotle, where the Greek tropos means turn, way, or manner, in essence a turn of language. Tropes like metaphors and similes help us to express new ideas without needing new words. Coming up with unique words for all of the ideas we have in a day would be impossible. And tropes like this also help us to do it with artistry and imagination, like verbal thunder, shocking us out of our normal everyday speech. Not only are these two definitions of trope both useful, they're related, and they're a great example of semantic shift. Semantic shift is when a word changes meaning or we change how it's used over time. When Romeo asks what light through yonder window breaks and then answers, it is the east and Juliet is the sun. He's using a type of trope called metaphor, which you can learn more about at the link in the description box. But this is a really boring metaphor. Romeo is, after all, a teenager composing angsty teenage poetry about his crush. We've all been there. And that's how trope in the first sense became trope in the second sense. As figures of speech get used over and over and then become commonplace, they become less poetically powerful, but perhaps more structurally important to our language and how we express our ideas. Less an ornament of language and more how the language signals to its readers, viewers, or listeners that it's a specific genre or form. The semantic shift between definition one of trope and definition two of trope also probably had something to do with the rise of a type of theory called structuralism and some pretty influential books that came out in the 20th century that looked at how the structure of language works, like Susser's course in general linguistics, Joseph Campbell's hero with a thousand faces, and Christopher Booker's The Seven Basic Plots. But that's beyond the scope of this video. At any rate, both senses of the word trope are useful, and I think the semantic shift between a trope as a turn of phrase that is beautiful and makes you think to trope as a narrative convention reveals something about how we play with language. When we write, we're always balancing the new and the familiar, the literal and the figurative. I've only given a couple examples of tropes here. What are your favorite tropes? And what are your least favorite ones?