Dr. David Paul – Wisdom From a Legend. — Transcript

Well, good afternoon everyone. It's a great honor to be here. My father was a soldier, and he didn't tell me any stories about the conflicts, but he did tell me lots of stories about the weekends that they got free passes into London. This was about 1944, and I can tell you, ladies and gentlemen, that in 1944 the only place that there were naked girls in the whole of London—this will interest you—was in the Windmill Theatre in Great Windmill Street. You could walk there from here if you want to. It's still the same; it's still a lap dancing joint, I believe. But it seems that the girls would come on, and by law they could come on with nothing on, but they couldn't move a muscle. So they would come on smiling, and then we had to keep the smile and not move a muscle for 10 minutes. So can you imagine the auditorium full of soldiers in London for the weekend, all bevi up, as we say in this part of the world, full of Carlsberg for you Danish guys? And the girls would come on, they would stand there, not move a muscle for 10 minutes, and then the curtain would come down, and then a stand-up comedian would come up and tell jokes for about five or six minutes. For those British people here, all those stand-up comedians who actually grew up with them, they were on TV when I was a kid. So my father told me that within two or three minutes, the guys got fed up with the stand-up comedians, and they would fire fish and chip containers, they fired beer bottles until they got the girls back on again. That's how I feel after coming on after these two guys. So I hope that you don't chuck any pelino bottles at me in the next few minutes, folks. I've been trading a long time, not nearly as long as Larry, but I put on my first trade in October 1982. It was a winning trade. It was in South Africa. I was living in South Africa at the time. I went to South Africa to play professional rugby. Everybody says you're not big enough, but it's not the size of it, it's how angry it gets, folks. So I've played rugby at the highest level and nearly at international level, didn't quite make it. But the South African brewery trade was a winner, and I worked while I was there. I have a degree in engineering and an MSA in metallurgy, a PhD in mathematics, all of which is largely used in taking money out of markets regularly, I may add. I worked a while at the beers in South Africa, and I cut the corporate umbilical cord in October 1988, and I've been trading on my own ever since. The move, for those of you that are thinking about it, from being salaried to taking your wedge from the stock market, futures market, or forex market is quite a move, and I underestimated how difficult that move would be in October 1988. It took me three or four months or six or seven months to actually get the wind behind me. So don't underestimate that move, folks. It's quite a big move. I think in reminiscence of a stock operator, if you haven't read it, you should read it. He tries to buy his wife a fur coat, and after two or three chapters, he says to himself, "Well, if you need a coat that badly, the stock market won't give it to you." But I've been trading on my own ever since. I was lucky enough to work with Tom for many years, and certainly Larry has taught me a tremendous amount along the way as well. I have Larry's very, very first book. He sold two copies of his first book. I bought one, his mother bought the other one. So he's nodding his head as well. When I started to do a seminar in the stock market, my first seminar was done by pure accident because I was in a little town outside Johannesburg called Rustenburg. Have you ever owned a platinum share? That's where they come from, Rustenburg. It was at Rustenburg Golf Club in the late 1980s, around Wimbledon time, and the speaker was the mind manager of Rustenburg Platinum, which is the biggest platinum mine in the world. It's now part of Anglo American, listed here in London. He got Lenn Jadtis; he couldn't speak, so they asked me to come up and talk to the audience. I had no clue what I was going to say, but I just showed everybody what I do myself, and that's largely what I'm going to show everybody on Monday after, on Sunday afternoon, what I do myself. In the audience, there was a chap who was a desk head at a bank called Invest, a South African bank, and he asked me to actually come in and train his traders how to become consistent because they were making a heap of money and then giving it all back again, to get them off that roller coaster ride that so many of us have. That went well, and I did my first big technical analysis seminar to a crowd in an auditorium like this at the University of Stellenbosch just outside Cape Town, and that was in 1989. So where is Andrew? Andrew, yes, but just close to where we first met. It's in Bellville, as you well know, University of Stellenbosch. Some of the notes and some of the charts that I'll be showing you on Sunday, the schematics in fact, came out of that 1989 seminar. So I've been around the block for a long time. I've got the trades that I've got going at the moment. Maybe you can pull them up, Tom. Gold, not Bitcoin, gold on a 4-hour chart. Folks, I take a more leisurely path in my dotage than these two gentlemen. The tail should never wag the dog. Just remember what this is all about. It's all about lifestyle, in my humble opinion. I have no real interest in cars; I've done that. I have no real interest in flashy houses; could have done that as well, and when you've got one of them, they're a bloody liability. But I love horses, so I have a weakness for horses. I have a horse on both continents. I've got one in South Africa, and I've got one here. Four hours, four-hour chart, yeah. This week, I've been short of it twice. Sorry, Dave, I got a laser point on that thing there. Oh God, go, don't you? I know we've come on a bit, haven't we? Point, go bigger. So I've been short of it twice this week, and the work that I'm going to present on Sunday is my cut on something that's 100, 120 years old, made famous by a technician of yesteryear called Richard Woff. Tom and I discussed this over the years. It's amazing how you start this business with one methodology, and then you weave to dozens and dozens of other things, and you then come back to where you bloody well started. So I've been short of this this week. If I can get my fat finger onto this thing without breaking it, I've been short of it from about here, and I rode down to there, and I lost a little bit as it pulled back on me. I got back into it again last night, and I've held it. I'm still holding it. We shall see. As you can see, it in fact stopped at that low, and if you actually look at the volume in there, there was actually a bit of demand come into the market at that low. So looking at price and volume together is an edge, in my humble opinion. Price is the most important, but you can actually tell from price and volume relationships, and I assure you they're not rocket science, whether somebody's playing with you or not. The big players can easily manipulate price, but they can't manipulate volume that easily. So a volume feed is very useful. It's certainly not going to get you 100% trades, and many people will argue that an awful lot of the volume, even in the stock market, that's booked, that's done today, is only booked the day after that, and there's all this stuff about dark pools. But as a friend of mine says, "About his wife, it's better than nothing." Okay, so please excuse these chauvinistic jokes. He's an ugly little fellow about this size. I'm sure she says the same about him. So do I know where that's going to go next? No, but I, the longer-term daily c—

got free passes into London this was about 1944 and I can tell you uh lady and gentlemen that in 1944 the only place that there was naked girls in the whole of the London lar this will interest you

uh was in the windmill theater in great windmill Street and you could walk there from here if you want to it's still the same it's still a lap dancing joint I believe but it seems that the girls would come on and by law they could come

on nothing on but they couldn't move a muscle so they would come on smiling and then we have to keep the smile and not move a muscle for 10 minutes so can you imagine the auditorium full of soldiers in London for the weekend

all bevi up as we say in this part of the world full of carlsburg for you Danish guys and uh uh the girls would come on they would stand there not move a muscle for 10 minutes and then the

curtain would come down and then a standup comedian would come up and tell jokes for about five or six minutes for those British people here all those stand-up comedians who actually grew up with them they were they were on TV uh when I was a kid so

uh my father told me that uh within two or three minutes the guys got fed up with the standup comedians and they would fire fish and chip containers they fire beer bottles until they got the girls back on again that's how I feel uh

after uh coming on after these two guys so I hope that uh you don't Chuck any uh some pelino bottles at me in the next few minutes folks I've been trading a long time not nearly as long as Larry but I put on my

first trade in October 1982 uh it was a uh winning trade it was in a a South Africa I was living in South Africa at the time I went to South Africa to play professional rugby everybody says you're not big enough but

it's not the size of it it's how angry it gets folks so um uh I've played rugby at the highest level and nearly at International level didn't quite make it uh but uh South African Brewery trade was a

winner and uh uh I worked while I was I worked at the beers I have a degree in engineering and MSA in metalogy a PhD in mathematics all of which is largely used and taking money out of markets

regularly I may add uh and uh I worked a while at the beers in South Africa and I qu cut the corporate umbilical Court in October 1988 and I've been trading on my own ever since uh the move uh for those

of you that are thinking about it from being salaried to being uh taking your wedge from the stock market uh stroke Futures Market stroke Forex Market is quite a move move and I underestimated how difficult that move would be uh in

October 1988 and it took me three or four months or six or seven months uh to actually uh get uh the wind behind me uh so don't underestimate that move folks it's quite a big move when uh I think in

reminiscence of a stock operator if you haven't read it you should read it uh he tries to buy his wife a fur coat and after two or three chapters he says to himself well if you need a coat that

badly the stock market won't give it to you so uh uh uh so but I've been trading them own ever since uh I was lucky enough to uh work with Tom for many years uh and uh certainly Larry has

taught me a tremendous amount along the way as well I have Larry's uh very very first books he sold two copies of his first book I bought one his mother bought the other one uh uh so he's noding his head as well uh

so when I've been I I started to do a seminar in the stock market my first seminar was done uh by pure accident because I was in a little town outside Johannesburg called rustenberg have you ever owned a a platinum share that's

where they come from rustenberg and U uh it was at rustenberg golf club it was in the late 1980s uh around Wimbledon time and the speaker was the Mind manager of rustenberg Platinum which at the which is the biggest Platinum mine in the

world it's now part of Anglo America listed here in London and he got Len jadtis he couldn't speak so they asked me to come up and talk to the audience and I had no clue what I was going to

say but I just showed everybody what what I do myself and that's largely what I'm going to show everybody on Monday after on Sunday afternoon and what I do myself uh and in the audience uh uh there was a

chap who was a desk head at a bank called invest a South African bank and he asked me to actually come in and train his Traders how to become consistent because they were making a heap of money and then giving all back

again uh to get them off that roller coaster uh ride that so many of us have uh and uh that went well and I did my first uh big technical analysis seminar to a crowd and an auditor like this at

the University of stos just outside Cape Town and that was in 1989 so where is Andrew Andrew yes but in just close to where we first met uh it's in uh Belleville as you well know University of stush uh and some of the notes and

some of the the charts that I'll be showing you on Sunday the schematics in fact came out of that 1989 seminar so I've been around the block for a long time I've had uh I've I've got the Treads that I've got going

at the moment maybe to can you pull them up Tom uh uh gold not Bitcoin gold on a 4-Hour chart and folks I I I take a more leisurely path in my dotage than these two gentlemen uh the tail should never

Wag the Dog just remember what this is all about it's all about lifestyle in my humble opinion and I have no real interest in cars I've done that I have no real interest in flashy houses could have done that as well and when you've got

one of them are bloody liability uh but I love horses so I have a weakness for horses I have a horse in both continents I've got one in South Africa and I've got one here four hours four hour chart yeah uh this week I've

been short of it twice sorry Dave I got a laser point of that thing there oh God go don't you I know we've come on a bit haven't we point go bigger uh so I've been short of it twice this week uh and

the work that I'm going to present on Sunday uh is a uh is my cut on uh something that's 100 120 years old made famous by a technician of yester year called Richard wof uh and uh I I Tom and

I discussed this over the years it's amazing how you starting this business with one methodology and then you weave to dozens and dozens of other things and you then come back to where you bloody well started uh so I've been short of

this uh this week if I can get my fat finger in on onto this thing without breaking it I've been short of it from about here and I roded down to there and I lost a little bit on a as it pulled

back on me I got back into it again last night uh and I've help it I'm still holding it uh we shall see as you can see it in fact uh stopped at that low and if you actually look at the volume

in there there was actually a bit of demand come into the market at that low so looking at price and volume together uh is an edge in my humble opinion uh it's price is the most important but you

can actually tell from price and volume relationships and I assure you they're not rocket science uh that uh whether somebody's playing with you or not the big players can easily manipulate price but they can't manipulate volume that easily and uh so a volume feed is very

useful it's not it's certainly not uh going to get you 100% trades and many people will argue that an awful lot of the volume even in the stock market that's booked that's done today is only booked the day after that and there's

all this uh stuff about dark pools but as a a friend of mine uh says about his wife is better than nothing okay so uh so this please excuse this chauvinistic jokes that was he's an ugly little fell about this size I'm sure she

says the same about him uh so uh do I know where that's going to go next no but I I the longer term daily chart I don't know what Larry thinks the longer term daily chart in Gold I I'm

very bullish on gold in fact I have a long-term position on GLD uh a Tracker uh but I I still think that this needs to go back a little bit before it goes up because one of the tenants that lari

big Larry taught me here was that the best trades occur after the masses have been stopped out okay uh and markets tend to move and that's because the big fell is up there they can't press the wi button and get

in because there's just not enough Li liquidity there for them to get in in size so they have to in fact engineer 100,000 guys like you sir pull you one way your stop loss gets hit that in fact sets off a sea of

liquidity for them to get in so uh even if you don't have the strength or what I refer to uh jokingly as the testicular fortitude to buy at the level if you can get in and you can see using your cup

here you can see that lots and lots of people have been stopped out before you get in then you're probably on the right side of the trade the good Trad is always the hard trade always not emotionally not intellectually difficult

in fact the thicker you are the better probably but uh emotionally difficult and uh one of the things that uh my very first desk had taught me uh he was a sergeant in the black watch which is a

glaswegian uh British Army regiment not known for taking prisoners uh and uh uh he used to always be say that when it's time to buy you won't want to okay when it's time to buy you won't want to I rum

this into the vector vest customers every Monday afternoon now I started to buy stocks at the lows a few days ago when just before they went up you should have seen the mails I got like I was a

complete effing idiot okay and March 2020 after the co thing well the co thing had just started here and pretty much the day that Boris announced that we were going uh I had to stay inside that the mark Market

bottomed out that day again I was buying stocks bought my first stocks in March the 24th 20 20 and the mail that I got telling me I was an complete idiot uh uh was quite choice I made a mistake Once

Upon a Time of putting my email address on a YouTube video and since that I get hundreds and thousands of emails telling me that I am uh a complete idiot uh so Thomas could we go to the SNP

please Thomas I'm so sorry you didn't see what I just did no I didn't no I created a group for everyone in here so I could dis dispel information we and I just wrote didn't I say he was

good smiley face I didn't say it I'm too do to see it do is South African for thick okay I I want the uh S&P please uh on a one hour chart okay now I think Larry pointed out the well I use

whiteoff terminology and you'll get it all on on Sunday but there was a a up thrust uh in the SNP and also the SNP and especially the Spy which is the tracker I find the volume figures on the

Spy exceptionally leading much more leading than the volume figures that I get from the New York Stock Exchange but you'll note that the S&P has been rising the Spy has been rising over the last few days on marketly falling volume much

less participation so I was looking for a short uper around thank you sir up around 46 not not and uh you can see the 46 not not it actually took if you actually if we were to go to a daily

chart you see that there's a a huge uh maybe maybe you should go to the daily chart Tom yeah can you see you don't have to be much of a genius to see that there was a line running through the

chart up there uh you can see F yeah Tom thanks mate uh you can see there's a low there's a couple of highs that that missed that by a point I think and oh we got this line so we're now Rising here

now where are we in this God I'll put on my Elliot hat for a moment but I think that's one that's two one two and this is three one two three four and five I think we have another leg up here to

take the highs out we shall see we shall see but I was looking for a short sumwhere up around there especially as this thing was rising and falling volume I'll show you the volume figures on Sunday uh and uh uh this was a marked uh

Divergence or nonv validation in wof terminology because we had a big big bar on marketly lower volume and that shouldn't happen Okay that that's uh what wakeoff called a nonv validation those of you that have studied momentum divergences will know that the price

Rises and the momentum Falls that's not good it's the same thinking except that you're applying it to volume itself so volume is very useful and it can stop you stop you getting mangled by those uh people that can manipulate the markets I was looking

for a short to home if we go back to the arly sir uh uh like more yeah last night it wasn't it wasn't easy uh today's was much better because we had a beautiful up thrust just here and that fell very nicely and I closed

out the deal here at uh I don't know what that's four is it 45 I closed at 4516 CU that was a 1.618 extension of the pullback I closed it out a few minutes ago go there uh now last night

wof would have drawn in what he called a demand line which in modern technical analys is called a trend line okay uh and it actually broke the trend line between there and there and then I went back and kissed it and then we got this

bar which actually happened on big big downside volume and then all of a sudden it fell so I was looking for an excuse to sell it up here here and that was the excuse not that good a trade this was

much much better trade but on the way up we had some Beauties uh lovely spring lovely spring and if we go back a bit further Tom uh we bit further sir uh uh yeah uh just this is just classic

action here that bar came down on virtually no volume and then we had huge demand hit it here and uh a very narrow range bar took a while to get going back here Tom we get the the same thing so uh

these things this is a textbook one which we'll talk about uh and if you don't understand it you'll understand it before you go home so if you want a reasonably leisurely way to tread uh without a great deal of

angst uh then this will supply it for you mark Douglas who I've never met but I know Larry knew very well and Tom know knew somay well we will someday yeah and it's getting unfortunately closer uh so uh he said that you should start uh with

a mechanical methodology uh and when you have done your 30 or 40 trades uh then uh you can in fact maybe move to something a little bit more discretionary uh and uh the uh the the spring system and the up thrust system

and the wo system just looking at price is fairly mechanical and I can string a rules to that but when you add volume it's not now the volume stuff that I'll present in Sunday I was hoofed out of a

bank where's Andrew Ned Bank in South Africa they hoed me out because it said it wasn't analytical enough because I I said to them Larry there's only three typ of volume low average and high and that wasn't good

enough so so it wasn't so they hooked me out uh and the same team of guys all got fired that year because they' curve fitted they they were all from uh the physics department at the University so they curve fitted the past and they had

a nice little equation for the past and the one thing you know about curve fitting folks is that the better the fit to the Past it's going to produce a bloody awful fit to the Future that's for sure one last

one we go to oil sir yes sir uh crude H4 yes sir the tail should never Wag the Dog you don't need many of these trades a month to have to give yourself a good uh month what May or June uh no that I it's just

the the cash one uh okay okay but you want crude yeah crude yeah you going to get what time frame I try a 4-Hour chart to start with now this this wasn't uh there was a a nice trade up here because this went

up and then it actually came off with a huge volume bar uh uh but I didn't take that one uh and I didn't take much here but I couldn't resist this one there's a head and shoulders reversal there but I

don't do that sort of stuff because the risk is a mile uh to make half a mile okay uh it's great in the textbooks and whatever but uh it's going to pull you in it's then going to go back if your stops not the

size of a number 27 bus away you're going to get stopped up and then it's got to go a hell of a long way for you to actually make any money so a lot of that stuff works uh but uh

in theory but it doesn't actually make a lot of money that's last night just there it's not a classic but just up there and I was short of that little fell as it broke down through that bar Mr Gan said so beautifully the most

important part of a chart is the lowest tick of the highest bar and the highest tick of the lowest bar I'll never never forget that Gan wrote an awful lot of stuff H and some of the stuff is really

really really difficult it's early stuff mechanical his mechanical method is relatively simple uh but his forecasting stuff is difficult and to forecast with it uh you have to in fact be able to square the charts and the only guy who's

ever said he can do that is that Australian fellow who curses a lot lar what's his name Bry Gilmore Bryce Gilmore is he still here with us he said in poor health but he's still around okay uh I I met him once in

Vegas and he was playing roulette my word uh he's a wild man yeah he was you were talking about poker earlier let me tell you guys how to make lots of money okay here's what you do you get yourself

reasonably proficient at poker this is my my son does this in South Africa he's a very very sh guy twoo for his own bloody good he is in fact communicating with me frequently now on WhatsApp now that is a leading indicator of him

wanting to borrow money and you will find those of you with a bit of gray hair will know that loans made to children are very rarely repaid so uh here's what he does now there's a 7h hour difference between uh

South Africa and uh us eastern time and much more out in Vegas time wherever wherever these places are so he gets up on a Saturday morning at 7:00 and he plays poker Against Drunk Americans says it's easy piece of cake

to make some money so uh so uh that's uh those are the trades I have I've got those three trades running it took some money in uh in the P it's made five down and I think it needs to go back uh if you do know

nothing more about Elliot than three up and two back is good and three down and two up that's great for a short you that's all you need to know trying to label charts from 1865 is a complete not

a waste of time H even Rob Bob pror says that his work is very academic it it's not that much use for being a Trader so uh I've got got a a position in the GDX which is a long-term position

which probably is going to sweat I hope it's going to sweat cuz I'm short gold and I've got a position in uh a uranium stock called ccj and those are the uh only uh uh speculative positions I've got a full portfolio uh

in the London Stock Market which at the moment uh I cut it down to 30% cash sorry 70% cash 30% invested uh a few weeks ago as the market was falling and I'm now back up to about 55 in the stock

market 35 in cash I also run uh uh the vectores UK stock market uh uh trading tool and I'll speak about a little bit about that on Sunday afternoon as well and I because I know Tom so well I'm

more than happy to offer you a 60-day trial of that for a Fiverr and I would be delighted if everybody would uh take me up on that okay uh so I want to answer this young man's question about uh getting out too soon who was

that young man who spoke honestly that he said that he it was Italian young man okay uh I want you to humor me th this evening okay who's having dinner with friends or family mistress that must be an Italian you

guys have got a reputation for that so here's my challenge to you that when you're having dinner tonight I want you to be fully there I don't want you to be thinking about what happened today what might happen

tomorrow but do your best to keep yourself thinking about the meal try and think and and and and and just be aware of how long you can actually stay in the moment I do this frequently I live in Notting Hill in West London so

just my front garden is keni and Gardens so I I walk around kenian Gardens frequently I'll walk around tonight now hardly a bit late now uh but and I frequently said to myself how long can I walk around here

and not think of anything else how can I stay in the moment and uh one of the easiest ways to build presence to be able to focus on what's Happening Now if you're trading a five minute chart and you have lots and

lots of rules I'm quite sure sure uh in place for where you're going to Trail your stop so let's say that you do something naive and you put on a 21 bar moving average and your rule is that if

you're short that as long as the market stays below that 21 bar moving average I'm going to stay short no that's what you tell yourself uh but it's so easy to lose the moment and do something and the only way to actually sidestep

fear as Tom said uh 3 or four hours ago is to be in this moment and the first way to build presence is to practice being present when your self-esteem is not being threatened and that little bar going up

and down can certainly threaten your ego and uh uh you go scared of death because if you're wrong it gets hammered there are many many ways to build presence and I would recommend in fact at my very first meeting of Tom uh

I recommended a book uh and interestingly enough I I I was the book was is authored by a gentleman that I met here at the University of London I I was in fact this was a long time ago and I was

researching The Works of WD Gan at the British museum not around the corner and it was a journey that Gan himself made at the time and I came to the University of London for lunch at the coffee shop and I like

being in the around a university area because it makes me feel young all the students around and whatever uh so uh I saw a little notice in the board that there was a lunchtime seminar and the lunchtime seminar was run by a German

fellow called echar tole and nobody had heard of him at the time and uh he uh was charging uh one pound for the seminar and the pound was going to charity so I went along to the seminar and I listened to artto talk about uh

building presents so I could recommend Paulo that you uh NEP to Waterston or your local book shop and buy yourself a copy of practicing the Power of Now by eart toi it's N9 or 10 pound a little small book is another

book called practicing the power of no uh which is much more difficult to read but this is quite easy to read uh and uh uh that will show you many ways of doing and building the presence required to

keep your mind focused on a simple set of rules and those of you that have been around the game will know that it's incredibly difficult to follow a simple set of rules there's some really good reasons for that and I've been in uh discussions

with a a professor of psychology again University of Cape Town and uh I I went to South Africa for six months to play rugby and I stayed 35 years there's always one cynic who keeps saying did they play extra time okay so

I'll get that out of the way uh now this guy's got a theory we've got two brains I'm sure you've all heard of the reptile brain and the the the front lobe brain well I want you to think now folks that

you're a a summer's afternoon and the barbecue is going and kids are having fun playing football right and you're standing there a ball comes out of nowhere football comes out of nowhere what do you do duck yeah without thinking about

it similar situation but standing there Sunday afternoon and somebody throws a ball at you very slowly what do you do you catch it okay so if somebody Chucks a ball at you really really really really fast believe it or not and according to

this professor of psychology at ucct uh there's a part of your brain that actually reacts and it reacts up to half a second faster than your normal brain this reptile brain and its job is to keep you out of

trouble and frequently that happens in our trading as well where you'll you ever done something dumb that you've sworn you'll never do again okay and that's because that reptile brain is in fact trying to keep you away from danger not a lying about to hit you

but in fact emotional danger and uh another example is that you're driving along a road and a dog comes out do you swerve yeah you probably do and and you've said to yourself a thousand times that I'll never swerve again I'm going

to drive straight but in the moment that reptile brain so there's a part of you if you're not present folks there's a part of you that's designed by the almighty or whoever you believe in uh to keep you

safe and well away from physical danger away from emotional danger and if you're not present you'll find that you keep doing really really really dumb things so when you're sitting in your trading desk it's really really important uh that you're totally and

utterly there not thinking about the past not thinking about the future totally in that moment and there are Tech techniques that you can employ I'm going to talk about some of them on Sunday on Sunday afternoon uh but uh I

think that uh that $10 on Art's little book uh and he's got lots and lots of videos on YouTube as well but uh the videos in fact don't match what he teaches in his book it's $10 uh I think

you'll find uh that uh it will uh give you a a good return on that uh so uh I think it's going to be a great weekend I'm thoroughly looking forward to it uh I'll be sitting up there all day

tomorrow if I can help anybody in any way it'll be the greatest pleasure to do so and then I'll give it my best shot on Sunday after Sunday afternoon with some very simple but in my opinion uh very

powerful techniques that will make you consistent money and uh then I'll do my best to try and show you how to manage those positions and managing the positions uh is the most difficult bit uh because much of the stuff that we've

been told simply doesn't work and it takes a great great deal of strength uh to make money quickly but if you get it right and and you practice it uh then money will run at you relatively quickly uh

any question oh I need a volunteer need a volunteer for Sunday this is for Sunday afternoon I need one volunteer I I'm not going to make a fool out of anybody lady uh let me see what's your name

Belinda pardon Belinda Belinda yes how are you are you doing well yeah very well that's great that's great sorry about my rather chauvinistic remark a little while ago here's here here's your job for Sunday whenever I finish on

Sunday I want you to shout stand up because I'll forget stand up and say if you're so bloody good at this why are you still doing sing seminars will you remember to ask that okay because you're all thinking

that anyway okay uh so I'll do my best to answer that on Sunday afternoon uh uh and uh it's to do with being present okay uh Tom I think that I I've done those are the three positions I have running I'm

going I let the gold and oil run till about 8 or 9:00 tonight and uh I'm all already out of the S&P 500 I want to tell them a funny story and I want you to stay here while I tell you them the

funny story about an hour ago I walked up there and said hey Dave do you Dave do you want to do you want to go on to talk in 15 minutes oh no oh no I own it no

maybe 10 May maybe 10 we're coming up to the hour now well [Laughter] done let let me tell you a funny story because when we were working together it took him about three years to work out that he should go on first because I

went on too long uh so it's a great honor to be here folks have a great day tomorrow than than [Applause]