Welcome Friends Matt Monaco and I decided to rest control of the stocks to trade YouTube channel from Tim Bowen with his permission of course for a couple of videos. Matt you've been working on something totally brand new and super cool. Yeah, so I've been working in the background with a market Insider uh on what we're calling money glitches which is just mysterious anomalies in the market where essentially insiders are pulling the strings and manipulating those trades. that's been the main focus of mine over the last several months learning.

uh, really fine-tuning that strategy to go out there and you know, continue my trading. Journey So I mean I'm kind of familiar with what you've been working on and one of the reasons I wanted to sit down and have this conversation with you for everybody is that the the whole, the whole system and strategy. It goes back to you growing your account from your dorm room. and I have repeated this story on webinars a thousand times, but I've never actually gotten to sit down with you and ask this so we're going to come back around to the glitches.

Okay, but I want to talk I Want to talk about this dorm room stuff I Want to talk about this trading for sure you're a student at the University of Rochester in what 2017. yes it was the Rochester Institute of Technology which is next door to the University of Rochester see I told you I got these facts wrong in these webinars and stuff. All right Your your college, you're 19 years old or whatever had you always wanted to be a Trader uh I wouldn't say I always wanted to be a Trader more like always, just want to, you know, make a lot of money to just basically be rich. uh and up until that point I had tried.

you know you go on Instagram or YouTube there's always endless streams of like you can make money doing this. you can make money doing that. yeah and I tried a bunch of them. um you know Affiliates and like Drop Shipping and stuff like that without much success and then you know through that just being like how can I make money basically on my computer I ended up finding Tim Sykes originally uh and got introduced to Tim watched all his YouTube videos, learned his strategies and through that processes when I finally started like okay I have two thousand dollars now like you know the first time I did it obviously I failed.

so I took that 2000 Dodge turned it to like zero and then I was like all right well we just got over excited. Okay, let's let's do this again. and then we went with that two thousand dollars and started growing it. You're in call right? you're you're in college and you're you're gonna study computer or you did study computer science.

Yep, okay did you graduate I did. Okay, so you got your degree. Um why why not just get your degree and get paid like just make Bank being a programmer right? why not do that? that was I mean that was kind of the the idea of even studying that major. so I was never incredibly interested in it.

It was just obviously a very high paying degree uh out there. So it was kind of along the lines of like just looking to make money. Uh, so the way my degree program worked. actually there was a year-long internship.

it was paid so like essentially simulating the real world. Uh, between years three and four. So we kind of took a year off from school and I worked full time as a software engineer and by the end of that I was like this is horrible Okay, because I do this anymore because I know some of you watching this are and I had a similar experience. you know, but some of you watching this, you're kind of in that that that first part and we all know where you are now and that's cool.

But I love talking about this where you were because when you were 19 making two million dollars, did it cross your mind? Did it I mean you knew you wanted to do it? Yeah, knew I wanted to but never like the it was surreal just the whole time. Yeah, uh. and really one of the big motivating factors for me was seeing other Traders out there who were making the money and like oh wow like uh for example at the time like Jack Kellogg he made like a hundred thousand dollars in a year and I was like oh, that's like, right, that'd be fantastic. You know you graduate college as a software engineer like that's a really good starting salary and he did it.

Just trading like hanging out at his house like that sounds like the life. There's a difference between you and and I think it's the same difference that shows up in Tim Gratani. It's the same difference that showed up in Jack Kellogg and and I want to address this because I think if anybody's watching this channel, it's probably they're still on the journey. they're probably in the middle of it.

and I think there's a difference in the way that your mindset worked and it was. You didn't know how you were going to do it, but you decided that you were going to do it, you didn't put it. and and I think that's interesting because I think there are some people watching that don't know if they can do it and are so lost in the sea of information out there that you search on YouTube and it's like how to do trading and there's a billion results. I think there's this attitude that you and Jack Kellogg and um I want to say Tim gratani and I want to say the really the big ones like I see this attitude that you have.

It's everything that you do now every single and we're gonna come back around to this glitch and this this step. if you decide you're going to do it, you know there's going to be obstacles along the way, but you just you're determined that whatever those obstacles are. So here's my question. That was the 25 minute lead up to my question.

What were some of those obstacles? Because it wasn't just like two thousand dollars and ding two million dollars? Like what were some of the obstacles what went wrong along the way? yeah um for a long time. The like most classic mistake that I had was I'd have a stretch of a couple good trades from a couple good weeks and then you have that one big loss that like kind of wipes everything out because it was just stubbornness and kind of overconfidence too. Where you you get in that Groove and you're doing a lot right. but then you just still lack that discipline that you need to be a great Trader Were those trade sizing problems where you went in too big or were they problems where you go? Nope.

I could turn this loser into a winner. I've done this before. Yeah. the second one there basically like uh, having to swallow the pill where you're like you're wrong.

yeah and then you try to tell the market no, no, you're wrong. yeah and then that compounds into a huge loss. for have you ever turned like this is a bad question, but have you ever turned around a really bad trade into a winner? Uh yeah, it's definitely happened and then that fuels the fight. Yeah, um I've noticed I Don't know if you've ever been through this or if during your journey you went through this where you're you're sitting on.

Let's just say it's a thousand dollars of profits for the week something early on and you have a loss that's like five hundred dollars and it went wrong. You didn't handle it correctly. It's Friday and you can close it Now you're going to drop that thousand dollar week to a 500 week. That's where I had problems.

Oh yeah, that's where I had problems was I'm like no I had a thousand now I only have 500 and sometimes it's like I had a thousand and I'm losing 700 of it now and there's just overwhelming stubbornness at closing. I just don't want to and there has to it has to that has to change right? has to. Yeah, even on like a intraday basis like as like my journey would go on. and at this point I was you know a successful Trader Not a millionaire yet but successful and you'd like make maybe a thousand or two thousand dollars in a day and then you have like a 500 loss and you're like I should just walk away like this is.

Yep, but you're like no you, you want to end at a high right? So and then all of a sudden you just bleed all that money away and it's just stubbornness. Yeah I've I've often said um a Trader on their path to success will have this one experience where they wake up in the morning and there's pizza boxes everywhere and there's like Return of the Jedi playing on the TV and everything's a mess and you're like where what happened and there's this giant losing trade. You're like it's almost like you go through that period of like where you shut off and don't confront it. How did you? Was it an experience or two that forced you to sort of confront that? Yeah, I'd say uh, two.

two things happen kind of at the same time. and it was right as I was uh, starting to graduate college. so my final semester first one, um, just like life was coming and at that point I already had a job lined up and I was like, you know, like that's not a bad you know I kind of viewed it as a backup plan. like if I have to do this, I'll do it like I can't just not have a job.

but at that point I was only making maybe two thousand dollars a month or so. trading like not like I could move home like and live with my parents or something, but not enough to sustain like an adult life. So yeah, uh, so I was you know, flirting with that idea and like I really need to figure this out and figure it out soon. Otherwise I'm just gonna get stuck in that nine to five cycle.

uh, there was that. and then also right before my final spring break of college um I had finally like grown my account up to a reasonable size like around thirty thousand dollars. So I was above that pattern day trader Rule and like the day before I flew down to Florida I took like the dumbest trade ever and lost like five thousand dollars on that account and at that point it was like you know you gotta get your together right? right? Yeah, uh, because that trade it was just dumb men, a huge loss, a very meaningful part of the account and you know, ultimately the spring break time away from the market allowed me to recover rather than like compounding that error. yeah uh as well as like gave you some gave me some perspective of I need to I need to do this.

uh, life's coming I just love that. that's so I Think to some right there there is this experience that some Traders have where they go I gotta wake up to become the kind of Trader I want to be and um, there was a psychologist who once said when we become exhausted, just exhausted by the person that we used to be, that's when we finally make a change. It's kind of the version of rock Bottom, right? Yeah, yeah. and luckily that wasn't a massive see.

This is the interesting thing for you. it wasn't losing your entire account that did it. it was stepping back big enough that you recognized that it could get out of control. It's self-awareness is is really rare.

Okay, I'm gonna ask you I'm going to ask you a question and hopefully we've known each other long enough and you feel comfortable. Were there some times between two thousand and thirty five thousand where you broke your risk management and and got away with it. Were there times where you took a big trade? did you have some big leaps in there or were you methodically plotting along? I think I'm trying to look back on it I feel like any time that I broke those uh rules is when I got like slapped around. Yeah, yeah, there wasn't any like big leaps forward.

There were the the kind of big steps back for a while too. Uh, but I was never rewarded in the big leaps. It was more like you're being an idiot. Yeah, and then I took that loss and then you know, put all the pieces back together and kept growing.

So it was kind of like when I was growing that account. Uh, and we got in a good Groove good strategies. Uh, I was like taking like five steps forward and then I'd maybe take like three steps back. So I was still moving forward.

but I was taking those five steps forward slowly and then would take that. and this is you know this is all leading up to because there was a methodology to this. There's a pattern that you were using at this time and we're I want to get to that. but I think that there's this other thing that I wanted to bring up with you, which is Some people think that it's mindset.

Some people think that it's trading strategy. Some people think that it's being in the time, the right time and place like I was lucky. You know, like if you're lucky to I think there's this element to it and you may be one of the best examples of this. that when you find a strategy that works, you then become more disciplined.

It's not that you become disciplined and then you find a strategy that works. I Think it's weird, you found a strategy that worked and then you recognize that making stupid decisions didn't make sense anymore. I Think that's so fascinating that there's this chance that somebody watching if you learn a strategy that works all of the sudden, all the other stuff that doesn't work becomes less interesting to you. I think it's because you lose for so long.

Yeah, like, uh, there was. um, it was. you know, slow and stay. I Was never trading large sides, but there was about a two year period I was just like losing and it didn't really matter what I did.

it just was losing money and at the time I was still taking college classes and stuff. So I was kind of juggling a couple things. but and then you find the strategy that works and like you said, everything kind of becomes less interesting because you're like, well I was doing all this other stuff and it sucked. Yeah and now there's this thing that works.

so I'm just gonna try to. you know, just do that. So it's the light at the end of the tunnel. how long did it take you to go from two thousand dollars to if you can remember two thousand dollars to ten thousand dollars.

Um so right around 2018 I had like my second two thousand dollar account I told you I pretty much lost the first one and then from it was like November December time frame of 2018 all the way up until the summer so it would have been July time frame so about six months or so because then in September 2019 I remember I had probably about 14 or 15 000 and that's when I actually went to Tim Sykes's first trading conference that I ever went to. uh I've met there, met all those Traders and then from there like the gains so you're sitting in the audience there and you're like like I was like middle. Uh so I ended up making decent friends with Jack and Kyle at the time which they weren't very big Traders they were I mean they were successful but they were around like I think Kyle was at like 75 000 in total profits and for reference he's at like four points. Yeah okay four million right now.

like uh at the time I met him, he's only around 75 000. So we kind of like you know we were all roughly the same age and we sat next to each other and started talking. but we were just like middle of this like packed room. There's probably like four or five hundred people there.

yeah and sat there and just listened to all these big Traders like Tim grittani and all these other millionaires who've done it and it was a surreal moment just to meet him in person. that like these people are real because there's that moment too. You're like I'm watching a YouTube video, they're online like yeah and then you meet them in person or you have a conversation with them. you're like whoa.

That's why I like to ask you questions like how long it took you to get from where to where or whatever because I think it's like when you're sitting at home and you're trading alone and you look at these stories people don't realize that you are. You are exactly the same as anybody else watching this. this video you you went through the same emotions, you went through the same mistakes you did, you just made different. At the fork in the road you made a different decision you said well I could do this by myself or I could go to the conference you went to the conference I could keep taking trades that are off plan with large trade size or I could and you just keep at the fork of the road you kept making what I would refer to as discipline decision.

you did the right thing at the right time and it's kind of obvious like don't risk too much trade a consistent strategy. um associate with other millionaire trade like get to know people who are successful. those are all in this day and age. You can do that stuff now.

Yeah, so like at the conclusion of this video here the big question is and I know that people watching it and say well what did he do like what's your pattern So if I don't know if we're allowed I don't know what Bowen's going to say about any of this but if we're allowed I want to come back and then I want to dive into this glitch this pattern this thing that you've been working on to share with others. the answer to the big question like what's the strategy, how did you do it all right So um, check back with part two if the video is glitching and whatever else that's Tim Bowen trying to log into YouTube and cutting I'm just kidding. Love you, love you Tim Um so when we come back in part two, I'm going to ask you the big question: How did you do it? What's the strategy you used? Is it just a copy of Tim Sykes Or did you assemble pieces from other strategies And where would somebody go about like developing their own? If you don't mind, we'll come back and address. Okay, we'll see you in the next one.

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