Scott Phillips, a Millionaire Trader Who Has Been To Hell And Back Reveals His Trading Secrets To The Public
“After I got out of maximum security prison, I knew I had to make things right. I turned to the financial markets and they have given me everything.”
The Australian man has a lifestyle most can only dream about.
And he owes it all to knowing how to trade succesfully in the stock, futures, and currency markets.
He wakes up every morning at 5:00 a.m. and by 6:00 a.m. he’s on his computer, trading.
At 8:00 a.m. he stops, and goes to do the things he likes, like spending time with his family, doing martial arts, and reading.
We asked him to tell us what the secret to his success was
“The secret is this: You can’t try to predict the markets. No one can do that. If you try to you will lose all your money. Instead, you must read subtle cues the market gives you, and they tell you how to trade.“
Phillips describes trading as sailing. “You don’t get to control the wind, you see where the wind is going and set your sails accordingly. That’s how to get to the place you want.”
Phillips also explained that there was a missing element when people trade, and it’s systems.
Trading with systems means you don’t have to think of every trade you make, and try to get as much profit as possible.
That’s very stressful for traders and makes them prone to making a lot of mistakes. Using systems gets rid of that.
A well built system makes trades that can be less profitable, but it makes sure your losses are minimal.
In one of the charts he showed us, 75.1% of his trading days were profitable.
“You can’t achieve these kinds of results by reading charts or doing technical analysis. Too much comes into play and you begin to make bad decisions. That’s why I use my system to guide me“
3 years ago he started helping other traders get up to speed.
He liked the idea of showing others how to have the life of their dreams just like he did.
At first he showed them one by one, until he discovered he could record his lessons and reach more people that way.
“I’m still getting used to it.
I went from being in prison and being the guy no one wanted to hang out with, to being some sort of celebrity online.
The thing I like best is seeing my students quit their jobs, and do what they want in life.“
What is the best way for someone to get good at trading fast?
“I don’t want to be self serving, but it’s through my introductory product, The Price Action Masterclass“
He describes the Price Action Masterclass as a bike with training wheels…
…which can have you making money in 2 weeks.
His goal with the Price Action Masterclass is for you to be able to make money trading as soon as possible.
“It’s a really short time. Most of my students spent years trying to make money trading before coming to me”
Scott is also a master of making things simple.
He used his methods to trade when he was in the hospital for kidney failure.
He came up with the idea once the doctors reluctantly allowed him to use a laptop.
“After regaining some consciousness I wanted to see if I was able to do it”
He recorded it so he could then look back and make sure he was making sound decisions.
Sure enough, his methods were so simple he was able to make money while being bedridden.
What advice would you give someone wanting to make serious income with trading?
“I would tell him to learn from someone who has been where he is, and gone where he wants to go.
When I started, I had to look everywhere.
The only people on the internet teaching trading were fake Gurus.
Their main skill was to take away my money and give me outdated trading methods in exchange.
That’s one of the reasons I’m teaching other traders too. I don’t want them to have my same struggles.
Trading and making money is possible, you just have to know where to get your education.”
Even though Scott may look big and scary, he is one of the nicest people we’ve met.
After reviewing his masterclass, we found it to be very easy to understand and see how beginners can get results after just 2 weeks.
If you want to get good at trading fast, click the button below to get his Price Action Masterclass.