Lewis Crompton: Secrets to Swing Trading

Lewis Crompton: Secrets to Swing Trading

In this episode, we speak to Lewis Crompton. Lewis Crompton is a forex trader, educator and business owner. He is passionate about empowering others in their personal finances and private lives. His personal style of entrepreneurship is to make money work hard for you, rather than you working hard for money.

Lewis teaches trading using his Star Trading methodology, where you can trade the markets effectively in just 30 minutes a day.

Lewis has travelled the globe teaching people to invest in both property and stocks.

We discover how Lewis managed to move his way up to being a coach for Robert Kiyosaki’s Rich Dad Education, how he managed to leave his job to be a trader, and the reality of managing your workload.

Ignite Inspire Podcast Links

This is definitely not one to be missed.

Check out Lewis Youtube Channel for more information:


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Listen to the podcast here: https://open.spotify.com/episode/3fYAQMCBH7qNCuFI91pfKX?si=a24105bc4803455b

Lewis Crompton: https://www.instagram.com/lewis_crompton/?hl=enf

Video Transcription

welcome to episode two of the ignite inspired podcast the show where we explore the truth to success by
interviewing leading entrepreneurs to find out what it takes to ignite success in this episode we look to have with us
lewis crompton lewis teaches people how to trade financial markets in less than 30 minutes per day creating an
additional income stream that gives them greater choice freedom and time and this is one of the big reasons i wanted lewis
on the podcast as one of the first set guests you see lots of people can make money but money can come and go
extremely quickly and if you don’t know how to put your money to work for you you can really really struggle uh with your investments
and long-term success so lewis is an industry expert at applying and teaching this important skill set so
before we get started lewis on your background i just want to ask you a couple of quick crucial questions um so
i know from watching your stories that you’re early morning riser uh you wake up very early what’s your fuel for that
early morning wake up is it coffee or is it tea it’s coffee for me and that’s only a
recent thing in the past couple of years before that i didn’t even touch coffee and i still like to mix it up with uh
caffeine free so my body still thinks i’m doing the coffee thing but actually i’m keeping the caffeine quite low very
nice what’s it like decaf yeah coffee yeah i’m a big fan of decaf coffee after two o’clock
otherwise i’ll end up just like getting the jitters yeah later evening so awesome that’s that’s all that one um
another quick question i like to always ask are you a reader yes big time
uh oh business books i i so i used to read um like business books or inspiring books before bed that was like my time
to read and then actually i stopped doing that because it wasn’t helpful for me and by helpful i just mean that it would give
me too many ideas i’d be too excited i’d be thinking about stuff and it would trigger all these different pathways in my brain to to light up and that’s
exactly what i didn’t want to actually happen when i was trying to go to sleep and fall asleep so i’ve now switched up
so i read like um story books or drama books or that type of thing before your story uh what were you reading like was
it last night the night before do you literally have like a book to to read to go to sleep do then yeah yeah so the one
i’m reading at the moment is called the midnight library okay what’s that just like little stories or
uh no so it’s um it’s a whole story book um it feels so childish calling something a story but doesn’t it but it
is a storybook um uh fiction there we go just call it fiction and it’s about this girl called nora and
one of my best friends actually girl called nora so i find it quite interesting reading it um and uh it’s basically i mean i’m not all the way
through the book so i can’t tell you everything it’s about but it’s basically from what i’ve surmised so far is this uh girl who’s quite depressed and she
wants to kill herself so she takes a load of pills to kill herself and then she finds herself at the point of death
at midnight um in this place called the midnight library where it takes you through all these different
lives that she could have lived and this the whole premises well from so far she hasn’t found a life
that actually she she really enjoyed so basically saying like she’s she create from what i can tell so far she’s
created her own misery because she’s uh thought that these other paths she could have taken would have been so much
better than the current life she’s living so this midnight library is showing her that these other paths weren’t or they
were cracked up to be in her fantasy land of what they would have been that’s pretty interesting i think that’s what i’d say i know depression’s on the rise
in the uk for sure about just in the the world at the minute and i think that’s you’re always comparing yourself thank
you to other people so it is interesting and i think regret is one of those big things what people have and and makes
people struggle with their mental health so it is interesting this bit was the film butterfly effect where i think it like
shows the alternative reality and then i think they always end up dying it’s a lot of reality so that’s awesome are
there any specific books what you think were integral to your you know you becoming you yeah so um uh a book called
the uh the one thing it’s really really good book absolutely love it um there’s another book called
focus which i really really love and i often come back to that one um
yeah those are probably two books i mean i’ve read i’ve read hundreds of books but those are two that i always kind of come back to i’m not going to say the
standard thing of think and grow rich i wasn’t that big a fan i thought it was just a long book that to get myself through yeah it’s a bit wishy-washy
what’s the other one everyone always says uh how to win friends and influence people oh right yeah i think yeah i found that a bit bit boring as well to
be honest i know that sounds quite bad but it’s um yeah i think could grow rich is like an off the court oh obviously
rich dad poor dad i did actually i thought rich dad poor dad was actually a great book but yeah but now that
that’s interesting once i hadn’t heard of and lastly what’s your favorite podcast um do you have like one yeah
this one now that was it there we go do you have um that would be the cut i heard do you have um do you have any
podcast you listen to daily or like weekly i think i go through phases so i
wouldn’t say i have a favorite podcast i would say the one i’m currently listening to like when i go to the gym and things like that is um diary of a
ceo by stephen um and i do find it really interesting um dare i say on on recording that i
don’t know if i’m necessarily his biggest fan but i do like the content and i i i resonate with a lot of it um
that he puts out there so he’s good i think the i’ve got to admit i’ve started it during that podcast quite a bit as
well he does have a great way of asking people questions and getting information out of people why you’re not his biggest fan just just curious
um i i have this real issue in general where i don’t necessarily think people are being genuine
and i don’t i don’t get a purely genuine vibe from him but i don’t know the guy personally so yeah of course i’m very
aware that’s my own issue probably but i just don’t it’s the same with them i’m going to start naming these famous
people now so i’m just going to i’m just going to hold off from that yeah there’s a few people in like the very public sector who i think
a lot of people rave about that there’s just something a little bit um yeah yeah and i i’ve often been proved
right over time when i find out certain other things again that could all be you know i mean we all we all have confirmation bias to prove what we want
to be true don’t we so yeah yeah 100 100 awesome man so uh i appreciate that it’s just a couple of quick ones i think it’s
always good to find out just a little bit more um about those those crucial elements uh but you know what do you
want to give us a bit of a background then we’ll start at the start who you are you know what you do and how you
managed to get to that place yeah well i think you read out a fantastic bio which i know i wrote but
i was listening to that i was like this guy sounds cool i like him so uh yeah so um i my background is
actually um quite different to a lot of people i i grew up in north london both
my parents are teachers their parents were teachers so it was inevitable that whatever i end up doing i probably end up teaching yeah
so uh yes hence i teach people how to trade financial markets it’s always it’s always been part of me to pass stuff on
when i’ve learned something i’ve found value in something it’s just always been part of who i am and i think maybe part
of that is because i grew up quite religious um quite spiritual my parents weren’t particularly
religious or spiritual i mean they went to church on sundays every now and then and i would go along to sunday school and that
type of thing but i personally really really bought into the the christianity thing
around about the age of 10 or 11 and just kind of went hard um in that in
that sector and again end up growing a business out of that funny enough so when i was about 18 i trained as a
counselor within church circles and then ended up having an international business
counselling and coaching people in in that area um which was pretty cool i mean it came with a heck of a lot of
pressure and um anybody who watches my uh instagram stories or is on my facebook or anything like that know that
um i’ve recently got engaged to to a man so that didn’t really work very well
with the whole church context that i was in now there’s plenty of churches who are fine with it but the context i was in that didn’t really work very well so
at the age of 26 i had to come out for the first time a very very late bloomer i was saving myself for
marriage to a wonderful woman and she never appeared because she didn’t write bits and pieces for me it turned
out so yeah um yeah uh i mean there’s a whole thing in that but yeah so i grew up super
religious i went to university though um to do an undergrad in sociology and i
ended up doing a master’s degree in theology and i was actually looking at um the theology of transformation and
i’m i’m i love transformation i love seeing people go from one place to another place and completely
changing or growing or healing an aspect of who they are whether that’s mental
emotional spiritual physical financial um and i one of the things i think i try
to bring into everything i do is helping people relate to themselves better um because then they can relate
to other people better so and it’s funny even with trading i mean as you know you you’re yeah you’re
you’re in the process of learning how to trade there’s such a mindset and such an
emotional thing that goes on when you trade and so there’s so much that comes up beyond just being able to see
something on the chart like there’s so much in terms of emotional attachment to money emotional attachment to risk um
all of that type of thing so yeah so my my background is quite varied yeah how i
got into trading was because of rich dad rich dad poor dad so friends of mine had encountered
him recommended i read his book and go to one of his seminars so there was a seminar in london i
signed up for the property investment seminar when i got to the event at the bloomberg hotel in london
uh everything it was like in october about just over eight years ago now so october
this year will be nine years which is crazy um and i yeah i basically got there and i said oh i’m here for the property
seminar and they said your name’s not on the list really sorry i was like but i’ve registered what is going on
so they looked at this list again my name wasn’t there and then this smart lady called emma who became a friend
later on um she looked at a different list and she’s like oh actually your name is on this list i was like well
what list is that and they she said well that’s the trading list i was like oh okay no way yeah so accidentally i mean
by some twist of fate some some force of the universe or god whatever you want to call it i end up in a room uh a seminar
about trading rather than property um and everything was just exactly what i wanted it was tax-free income which is
brilliant if you’re in the uk depending on where you’re listening to this from but also dubai actually it’s tax-free and i think maybe switzerland but anyway
so yeah tax-free i could do it for um not very much time each day and i could
be anywhere in the world while doing it as long as i had a laptop and an internet connection yeah at the time i
was working in retail um and i just worked my way into the head offices of retail i just come off
the shop floor and i was already bored of retail i just knew that the career path i was on was
just going to be boring basically it wasn’t going to give me the lifestyle
that i wanted i looked at like my manager’s manager manager and they’re only on about 50k a year with all the strength goes
with that and i just didn’t want that in my life whatsoever um so i decided to get myself trading and then um
yeah and then i mean i do have a story about where i made my manager’s manager’s salary
in one month because versus what i would have earned in that
job which was quite a moment to be honest yeah i can imagine that’s a bit i remember a big moment for me personally
it’s so so when i decided to go and uh into my own business i’d never done sales or anything before it was like
such a culture shock and i was just happy i made my previous salary or the manager’s
salary type type salary with within a year and i know it sounds stupid but it’s such a
like euphoric moment where you’re like oh my god yeah i did that myself type thing and then i think it you perform
and especially if you’ve done it in a month i guess that you become then like you’re never ever going to work for someone else ever again surely well you
say that but i do have a full-time job really yeah yeah so i technically technically have a full-time job so um i
do business consultancy as well again around change management which is basically transformation so i i love it
and i get to be exposed to types of people and types of clients that i wouldn’t be in my own thing
at this stage so i work with google i work with microsoft internationally like i work with all these big names and big
clients and you get to see a different side of the world and i find it absolutely fascinating so but i get to still
control a lot of my own time and do everything else i do around i was going to say that how do you manage the time because i find that just running one
business and like running one business and then trying to learn to trade and
that was something i put a lot of time in and then all of a sudden something comes up in your business and you’re like this has to take the priority yeah
and then something else comes up it’s like what i always say to people when they pass oh i’ll do seo in six months once these things are like you’re like
nothing ever aligns perfectly for you so how do you keep all your ducks in order and how do
you manage to is it just massive is that your time management board behind you
unfortunately this is my to-do list and there’s more there so yeah and
there’s more here that you can’t see as well so yeah there’s a lot going on um so again what
that book that i read the one thing so one of the key things i took from that is time blocking so i block out time for
certain things and taking that to kind of the next level i um i i diarize my to-do list so i don’t
just have a to-do list i put blocks of time in the diary to do certain things i need to get done that massively
massively helps and every week i do that so i plan the week ahead with what i need to do with my with my days knowing
what i’ve got coming up knowing what meetings i’ve got that i can’t move and then i fit in the stuff i need to do around that yeah what happens when you
start to to go over then is it just the case that you’ll work until you know that your your evening is like
deep into the night in order to get that done or sometimes sometimes and there’s definitely seasons when i’m operating
that way but generally i try and now because i’ve got another half who doesn’t like me working 24 7. um which
is fair enough uh i i stop about six o’clock in the evening generally um some
days i can’t do that but i try to do that and i try not to work weekends apart from a little bit on saturday morning and just kind of keep things
going but i i i build into my time planner buffer blocks so stuff does overrun i’ve got a
bit of buffer block to do that and then i also have like a priority list so what you can’t see here is a
set of post-it notes numbered one to five and if i’m operating optimally then this happens every day but i i’m rarely
operating that optimally that i will put um the core things that need to be done as priority one and the one thing that
needs to be done that day and then everything else is nice to get done and if as it gets progressively more
important then it becomes the number one thing that needs to be done that day and i don’t stop until that thing’s done and
sometimes that’s a 30 minute job sometimes that’s a four-hour job sometimes that’s a weekend job
that makes sense that makes sense okay so just just to go back really because i know you said something at the start which was you both your parents were
teachers yeah did you how do you because obviously one of the things which i think personally i and there’s nothing i
respect teachers are the school system is amazing but one of the things which i found abundantly clear when i started my
first business was like damn i’m so unprepared for this like completely unprepared like i know how to build
websites to know how to rank people in google i know like but i don’t know anything about tax i don’t know the
difference between revenue and profit like i’m that wasn’t financially minded it just wasn’t something when i started
my business i was it just i was more of a creative and a developer so coming from that were you tempted like how hard
was that to stare out of going to university and then doing masters and
all of that and actually going i’m sure i’m going to steer myself in a different direction like how do you find that and how do you
think we can overcome that at the minute do you think it is an issue the fact that we teach people to be employees not employers
so it’s a really tricky one you know because obviously like there’s a load of rhetoric in the business world and the
personal development world about how awful school is for not giving people business skills but let’s let’s call a spade a spade if
you’re going to be a large business owner you need employees yeah of course so yeah where are they going to come
from like yeah you know what i mean like you don’t want like you really don’t want everyone in your business being an
entrepreneur that’s going to take your stuff and run with it and leave you and set up their own thing you don’t want that that’s that’s horrendous i mean you
expect some of that and some of my students i’m sure will end up doing that and i actually want to help them so i’m
creating ways to actually help them do that in a way which is mutually beneficial rather than tearing
and there’s loads of different ways in which you can do that if they choose to be honest and have integrity about the fact that’s what
they’re going to do um some of them don’t and then they get cut off and you don’t want to trust me
uh so uh i i think i think school doesn’t prepare us for
life i think it also doesn’t press for business i would rather school prepare this for life in general um and then if
you have an interest in business because not everyone does some people don’t care about tax some people are never going to
need to know about that but if you do have an interest in that i think school could do a better job in uh helping you
learn the things that are actually going to be of use to you based upon your passions and your what your you feel
your purpose is on the planet but also at school how many people really are clearing ups episode their passion most
of us stumble into the things which we find out we’re going to be passionate about um like i did i turned up in the wrong
seminar and found trading like that was chance that was luck that was whatever now it is it’s a good point i guess
because how can you train everyone to be saying fight the top five percent or top ten percent it’s it’s not going to work for everyone then
so do you think that maybe it should be a bit more adaptive at school so they identified people say who aren’t
academic but maybe are fantastic uh with their hands do you know what i mean and they get them into apprenticeships
earlier do you know like that type of thing because i think that that was what i found i guess was my personal problem with it i guess was i thought there was
a bit of like a blanket like that was you know it was like this this this one way of learning and it’s you have to
memorize information and then regurgitate it in a test yeah yeah and i just feel now as well especially with
like it feels like there should be a test for like how to use google to software yeah like because that’s the way people like people don’t memorize
anything now it’s all it’s all into google so yeah it sounds like it probably needs to be a bit more um but
what do you your parents think about it are they so what are they still teachers or uh well they were teachers until they retired so yeah but they’re both retired
now but again back in the day anybody who had a career like that actually could do pretty well yeah
i mean they were they yes they progressed up in the teaching ranks but never to like being a head teacher anything like that but they
still had a decent salary and house price and everything were fine so my parents have actually done quite well financially my dad made some good
financial decisions over his lifetime so they are fine i don’t think that’s the case if i was to become a teacher
today though i think teachers have a very very hard time way overworked way overstressed
way underpaid my goodness they don’t they don’t get enough respect whatsoever or enough pay
um and they we keep putting people in government who are in charge of the education system we’ve never been in the
education system from a from a managerial perspective or something they’re in charge of it so how the heck they’re meant to make decent decisions
on the behalf of teachers is beyond me but anyway that’s a that’s a different political conversation yeah different
different growth yeah so i’m sure you can we could go on about another minute but um awesome so i guess the other
point i wanted to touch upon was you said about uh being religious and then obviously coming out as gay and
congratulations for that i think it’s amazing you know you look super happy when you got engaged as well so uh good
for you it’s a nerve-wracking experience as well proposing so um yeah i really hope that goes really really well for
you but how did you find um that weighing that up then with being religious and then having that that must
have been like quite a big concern especially if you are very very religious and how long did it sort
of come to how long did it take you to come to terms with that um really good question and it really
wasn’t easy yeah especially because i was in a position of leadership and so people looked to me
and there was a lot of pressure for me to be basically this big church leader person um
i mean i would get told off for smoking a cigar you know what i mean and all of that like the level the level of
pure living that i was being asked to live as a late teen and as a early 20s was just
crazy and i i did my best i mean at one point i didn’t drink for five years um yeah and i would still get told off
dude i mean it’s like what more or more do you want um so i kind of feel like i said i think it is it’s tricky because there’s lots
of things i feel like i had to grieve and still do on on some days like i had to grieve
having after i left that system and that belief system um grieve all the friends and the
relationships i built over 10 years worth of my life who felt like family who now didn’t talk to me really just
completely yeah not all of them but some of them
i had to grieve the idea of having a normal life in terms of having a wife and having kids like in the natural way
i would love to have kids in the natural way um but it’s never going to happen so i had to quit that and it had been
something i’ve been thinking about since i was 13 years old i was like weirdo that i wrote letters to my future kids
and stuff like that because i was so excited yeah so i kids is definitely something which is on the cards at some point just gonna
obviously have to be very different yeah um i had to um grieve the
normal adolescent life where drinking like smoking being a bit rebellious like
making out with people discovering yourself at that age but even just finding out who you are sexy like i didn’t have sex until i was
26 like wow yeah i was because i was being pure and i was saving myself for marriage and all of that sort of stuff
so i didn’t i didn’t even realize i was gay or even had any gay inclinations until i was in my mid-20s that’s really
interesting everything was just shut down like completely so so and there’s reasons why that was because i experienced trauma as a youngster and so
i picked religion and spirituality which was super black and white to give me a sense of safety
so so was your were your parents religious then or did you did you find that by yourself not really so they were they
were christian um and i would say they would say they’re christian they’re believers but they weren’t like religious
really yeah yeah that’s interesting that’s interesting because i just assumed wrongly assumed that you go into
it because you know and i think because especially this day and age as well like um like
christianity especially in the uk i guess it’s like i’m personally not religious respect people who are religious there’s no problem with it but
uh i guess it’s it’s becoming not the norm from my perspective anyway so you
kind of still assume wrongly that you know oh well it’s their parents and then he passes down but to actually find it
yourself must have been and then to obviously go through that flip side of the experience of going wow
in your 20s and being like actually this isn’t what i thought like you know like things are different so what so how have
you pivoted from that then because i imagine that was a big impact when you’re trying to run a business as well that must be like quite a big thing to
like contend with as well when weighing all that up yeah and i think i think i’ve always been a little bit rebellious
to be honest even though i was very regimented religious i’ve always been a bit rebellious and i’ve always i’ve
always strived for growth and the new thing and the next thing even within that context so i end up in a very very
spiritual element of christianity because i always wanted more i wanted something to be real i wanted to experience stuff and i think with my
parents being teachers as well and i rebelled at school i i basically didn’t turn up to a-levels it’s amazing end up
getting a master’s degree to be honest because no one expected that i was so like not wanting to be there
um and i think that all of those experiences like being religious where my parents weren’t and having to be
the christian the pure one in a in a context where most of my friends weren’t but still having to maintain that
um and then having to leave that as well all of all of those experiences were
incredibly difficult but built incredible resilience and
so i think you could look on you could look at my life from the outside and think oh you’ve had it a bit easy but if
you actually were to be inside living it the amount of resilience that i had to have to maintain
true north for myself or whatever is is insane and i think that is the skill that i transfer over into business i
never really i never really um lost a word for it i never really
think i can’t do something um i question if i want to do something but i never really question if i can’t
do something and so i often will bite off more than i can chew and then figure out how to chew it after yeah which is
tended to be the way but i think yeah just that resilience of this is what i am this is what i do
and that’s that’s really developed over the past few years
as i’ve kind of accepted myself my flaws my good points all of that and just let that be that way and i used to teach for
rich dad and i felt like even when i was teaching for rich dad because you’re within somebody else’s company you have to behave in a certain way yeah of course
now it’s my own company and i teach people completely off my own back and use my own systems and methods and
everything i can completely be myself so i can be on a zoom call and make wildly inappropriate comments and
sexual innuendos left right because that is me that is my humor that’s my comedy and if people don’t like it then this
isn’t the community yeah exactly yeah i think that’s the thing isn’t it like people have to find
their own group so so thanks for sharing that with me by the way but so obviously you one of the
things i know you said is you’ve invested a lot of money in courses in in that type of thing previously i’ve seen
you you’d say that uh say that so was that going through the rich dad because that’s pretty expensive isn’t it going
through that course and um yeah how did that go then so you turn off obviously you go okay they’re going
to teach me how to be a swing trader or they’re just going to teach me trading or whatever um i’m assuming it was like
a one day seminar and then they sell you like a thousand pound course or whatever how did that process go and was that a
big jump for you like where did you get the money from that time yeah um so it was a free seminar to a weekend
training which cost about i think it was either 500 or a thousand i can’t entirely remember although i do have the receipt somewhere which is quite cool
um and so it’s a weekend course and then on the weekend course they try to say you want to further mentorship uh or coaching which i think
started at about three four grand and went up to like 15 grand or something so i could only afford nine grand or 10
grand so i took out a credit card um yeah i took out a personal loan which i was paying 16 interest on
yeah ridiculous stuff but at the same point i wanted it i knew this is what i wanted to do and so i made it happen and
i my parents couldn’t lend me any money they also kind of said no and i can understand why so i made it happen and i
think again that’s something which i always do in my business i do what i need to do to make it happen um it doesn’t always work out like any
business person who says oh yeah everything i’ve tried to achieve has worked out no like
let’s not pretend you try to some things work yeah usually it’s the hash failures
which steer you along the way then so you borrowed all that money then and then what what made it
so what we why were you so convinced like had you already started trading at that point or was it literally just like
you just know that i’ve never traded before yeah never traded before always had an interest in it but never traded
before um i just wanted it and i’m an easy sell like i just i think i was
actually the only person that we can to actually signed up to any further training um but again that gave me a certain
level of um contact with the coaches that maybe other people i mean i had paid for it to be fair um but i’m
very good at building relationship so i intentionally built relationship with the key coaches
um and turned up to events for free and would pay for more time with them and i would just work at the back of the
room or whatever and i would do testimonials for them because i was actually trading and i left my job after seven months so then i had a lot more
time yeah yeah yeah so what was this what what did you have to get to earn in a month in order to quit your job is it
like you got to have your salary or did you beat your salary or i didn’t beat my salary no i i met i matched about half
my salary but i was in my early 20s i didn’t have a lot of expenses i didn’t need to
do much and then i grew it from there as well so i got about half my salary and then was like right this is working for
me i’m off yeah which again probably too soon to be honest but i was just so sick of being in that job i was bored out my tits so i
just like had to get out of there sometimes you have to go all in as well generally it’s when you know you know
you need to go because such a big time like having a full time eight hours or seven out of eight hours a day plus you commute you know and then you come home
you shattered you know it’s hard to find the time and the clarity so um that’s really really interesting
so yeah so carry on sorry so then yeah i left my job started traveling the world basically from that point on um and then
yes so that’s where like my tens of thousands of pounds worth of education started happening so i was like i
literally followed my mentor to south africa once um end up speaking on stage while i was there with robert kiyosaki
which is quite cool um uh and then as i think there’s about five six thousand people there um and
just so i was just spending money getting around the right people basically and that’s why like my courses
aren’t massively cheap they’re also for me nowhere near expensive compared to what i’ve paid to be around the right
people and get the skill set that i have so i’m like again if people don’t want to pay it they don’t want to pay it but i know this system works and if you work
the system you’ll get to where you want to get to um how did you go about then getting into being actually a coach within that
robert kiyosaki what’s it what’s it called and um what what’s actually called robert kiyosaki so
they call it rich dad rich dad education they call it yeah how did you get to being a coach of that did you have to
hit certain criteria because again you always have to that’s the thing with going to some of these courses and i like it and stuff but you think
obviously they’re going under this umbrella but those people underneath who are training what’s their sort of uh
credentials yeah would you say that you were they were quite due diligent on that because i guess you’re training people who have
were in the same position as you trucking 15 grand down or whatever for some training so yeah um how did you you
find that did you enjoy the coaching uh i love co i love teaching people i really do um i mean i won’t lie i get
really bored at the early stages now like if i’m just if if it’s just click here click here i’m
so bored of that stuff now yeah of course that’s why i’ve raised up other coaches in my my business to do those
parts because they’re not bored of it and they enjoy it so people get a better experience with them at that level than they would do if they
i was doing it at that level i mean i still give my all to it but i’m just dying inside um
in terms of in terms of uh with rich dad so first thing that happened was i i left my job to trade full-time um so i
was a successful trader i did a testimonial um for them um from the front of the room and they realized i
could speak in front of people and i was okay with it and so then they used me for some of that some of the initial
trainings and then further into deeper trainings as i kind of was having success myself and continued
success myself but they are fairly diligent on that so for example i end up
teaching on property investment as well for them and they they would not let me do it even though i knew all the content
until i’d had property and had been through a few things with property as well yeah yeah they are fairly good
at that yeah yeah i mean i don’t think they are off they always are but yeah with me at least they were how different
is uh what you learned on that initial course to actually what you teach now like in the sense of like the swing
trader is that what they were teaching or were they teaching everything yeah traded and then you niche down on
swing trading so i wouldn’t say i niched down on swing trading um because the skill set that i
teach you can do day swing position even scalping if you wanted to because it’s technical um technical
analysis pattern recognition stuff so a lot of that is quite similar in terms of the base skill how we apply it and the
method we go through to learn it i prefer my method i think it’s more efficient um and you only need 30
minutes a day in order to do that um the other thing with rich dad is it is a very broad spectrum and it depends where
you are in the world so if you’re based in the us they’re not going to teach you the style of trading that i necessarily
do they’re going to look more at options trading and that type of thing which i don’t know why because options is just
ridiculously complicated and actually doesn’t necessarily give you better returns so i would rather if i was based
in the us trade the way that i trade and we do have some american students who are part
of star trading who are doing really well so it shows that this style works absolutely
everywhere okay so i guess from it because what this is one of the things when i initially listened to you and obviously
i listened to you initially through ken mack i hadn’t heard of you personally and obviously that endorsement’s super
important but one of the things i’ve always been skeptical of in your industry is you know everyone this you
know trade 30 minutes a day and become a millionaire type thing it’s like this and by this course which is like an
off-the-shelf type course which they sort of churn out so how realistic is it for someone to
actually trade 30 minutes a day and do you know like without it being a sales pitch yeah highly highly highly highly
if you um if you have the right system in place then it is highly
possible um and it’s a funny one because even my students who do become my students don’t believe me when i say
that but they they’re like well maybe it’ll take an hour or like i can afford now so maybe i’ll take it
can take an hour now i will say that you’re not going to be trading in 30 minutes in your first day that’s not gonna happen like as as you know there’s
time you have to put in to learn the skill once you know the skill though it’s it’s
it is 30 minutes a day or less i mean i’m definitely less than 30 minutes a day when it comes to my trading um
and i remember calvin one of our students south african guy he uh been with us four months started trading live
hit 13 in his first month trading um and i said i was like and how long did it take you each day of like actual
trading he was like less than 30 minutes i went c and i was like did you believe me when i first told you that he was
like no i didn’t believe you so it’s one of those things that is a catchy tag line but it is true if you have the
right system in place and you follow the star trading method of like what we’re looking for in the markets then we can
go through it super super quick we just smash through it um and we automate it also
yeah so what’s your thoughts on the a lot of the other cardboard courses before not specifically in trading but i
know people who have and they go wow that was like drunk absolutely all the people which go i can just learn
all this stuff on youtube like why should someone say in fact like how does yours differ from that yeah um
so i’ll address the youtube thing first so there is all the information in the world on youtube there is only full stop
of course there is the problem with youtube is always going to be there’s too much information and so you don’t know what to follow and if you’re
listening to too many voices then you’re going to really struggle to actually make something work and with trading
there is many different ways you can make trading work i totally believe that what’s really important is to have some
form of feedback mechanism so that’s why i have the course which you buy and then
if you want that feedback mechanism it’s only 18 pounds a month to be part of that community where you get the feedback you can ask questions and yes
of course there’s mentorships and things like that as well if people want but i’ve been very very intentional with the
way i’ve created the course it actually took me and people didn’t realize this it took me two years to build that course because we wanted to make sure
that it kind of went methodically step by step that the brain could actually take it on in a very very logical way so
what people tend to find going through my course is they’ll watch a video have a question and then the next video
addresses that question because i’ve so intentionally tried to pace it out and put it together
to do that so you’re not left thinking for too long well i’m missing a bit of information now yeah and it all builds
to the point where you have strategies and you can create strategies and then once you’ve built that knowledge it’s
the next big step in trading which is applying that knowledge so we have the the next hit of that training in the
course itself is to show you how to do that which is always a tricky thing for
people um and which is why i’m actually with people who are part of the support group do extra bonus trainings around
that particular aspect of trading so obviously one of the things which i found um because originally when i
signed up to it i kind of i thought something trading was day trading and i know obviously you do different
why did you with spring train is it just because of the time just the time that yeah yeah so
do you do day trading as i’m assuming you now know i have in the past um and i’m successful at it but i just don’t
enjoy it i guess just it’s just time my personality type is not wired to sit
in front of a screen for that long okay that’s interesting i just can’t do it i need to be up and about or my brain
needs to be focusing on different things i mean if you ever look at my internet browser it’s got a hundred different tabs open at the same time so when it
comes to day trading you have to be focused and i just had to be honest with myself i wasn’t that focused and so why
force myself to be that way when i can still make really good returns and then do everything else with my time by
trading just 30 minutes a day you know one of the big things which obviously if anyone would want people to
listen to this they’ve heard you say before in the uk it’s tax-free can you explain how trading in the uk can be
tax-free yes so in the uk the uk government um
actually let me go back a step so in the uk you can use uh certain brokers who
allow you to have what’s called a spread betting account so because it’s a spread betting account it’s not actually gambling by the way
they just call it betting so because it’s a spread betting account you aren’t actually trading the physical
assets themselves so you never actually own a stock you never actually own the crypto you never actually own the gold
or the or the the currency that you’re trading so because you don’t actually own it
the broker can call it um spread betting and it can fall under the category of
gambling and so because it falls under the category of gambling the uk government do not tax gambling profits
yeah that’s because that’s what makes it tax-free so although it’s classified as gambling from a tax perspective in the
uk the process we go on to trade is not gambling i know this is a
well not maybe not a silly question but obviously say you’ve built up a huge account and then you want to withdraw that account into your bank do you still
have to declare anything on like a tax return or oh is it just like
i would say speak to a tax professional yeah yeah because it’s pretty amazing i
mean from your your own thinks i know you’re big on growing your account and then it compounded over time which is
obviously really really smart when do you make those decisions or how did you find was the right time to make
those decisions and go actually i’m gonna take some of this out now it’s going to reduce my budget but you know
it’s going to reduce potentially my compounding but i’m going to go and invest in some properties or diversify
my investment like how did you get to that stage um it’s a really good question and i think the
the key thing is making sure you have enough money to live on um so whatever you take out of your account can you
still with your average monthly return over whatever time period you’ve been trading still live fairly comfortably
off of that now an even better way to do it and this is like more advanced once people get to the stage i’d have a more
in-depth conversation with them about it what you would probably want to do is take out of your account three to six
months worth of living money um whilst leaving enough money in your
account to a grow it still and b live off of so you don’t actually have to touch that six months worth of living
money so then you’ve got that buffer and again your trading doesn’t have to perform in order to put food on your
table that’s a dangerous place to be in and then um when you can do that you can
start being creative with what you do with the excess money so that’s when i started putting money into property and
that type of thing that’s interesting so you’re very big on diversifying you know so trading should
never be your only form of of investment uh what other things would you recommend um or
what other things do you invest in personally then so you said property yes is there anything else for me what i’ve
currently hold is i i hold crypto i don’t trade it and i hold crypto i hold stocks and shares um i hold uh
commodities like gold and silver i hold watches um i hold art
um did i say prof obviously property as well yeah yeah let’s go on to obviously
the crypto uh bubble then so you say you hold cryptos are they all sort of stable
coins you ethereums your bitcoins or if you’ve got your coins as well or i’ve got some altcoins yeah i’m fairly i’m
fairly well spread but my major holdings are bitcoin and ethereum did you see it continuing to to go up like you said
it’s a long-term play for you i mean it’s a long-term play i’m holding for five ten years that’s my plan
and when did you get when did you actually manage to get into that uh only recently really so only the past 18
months um so i’m fairly late to it again this is again it’s a big thing about who
you’re around so the people i was around initially when kind of bitcoin came on the scene hey well actually when bitcoin
first came and seen i remember being told about it by some man in the gym about 10 years ago who was a bit creepy
and look at me while writing this junk i was like i think that’s for me um but i knew nothing
about finances and investments at that point um years later when i heard about it a lot of the people i was around were forex
traders who were like nah it’s a load of rubbish blah blah blah blah um so that’s who i was around and then actually as i
started researching and looking into it more and being around different types of people i was like oh okay maybe there is something in this yeah so i came to the
party quite late if i’m honest when it comes to to crypto um but yeah i do i do think in the long run
it’s going to be around and it’s going to go up i i heard you call it a bubble so maybe you have a different opinion
there no i do i got burnt but i won’t lie like i i’m i’m completely open with
my winnings and my failings and i got into crypto into your coins
super super crazy amount of money very very quickly and within 24 hours it’s like oh and has gone and i was like
jesus like yeah yeah although it was such a good learning experience for me because it was by far
it was the greatest thing to show me actually how made up money is so like it’s so made up it’s a game
money it is a complete game but then that was something again which um sort of drove me over to you and what
you were saying because you have and i’d like you to explain this you’re very very uh stringent and critical you know
like you’re very focused on managing your risk and risk management right and um could you explain that to me because
that’s one thing people are worried about i guess with trading they think like they’re gonna do it they’re gonna press the wrong button and then they’re
going to lose like what’s hot i’m sure you’ve got a horror story you could probably share with people i’ve got quite a few horrors not of my own
because i always follow the prince but yeah um so i always say that the star trading method is low risk high reward
and that’s because every trade that we place we only have a risk one percent of our account balance so if we’ve got an
account i’m just gonna use simple mass here so if we have a hundred thousand pounds in our account we’re risking one
percent which is one thousand pounds so if 1000 compared to 100 000 is really
not a lot of money so a we can manage ourselves better emotionally b we’re not leveraged we’re not using margin we’re
not over wrist and we can still be making very very good percentage returns on a monthly basis i mean
really star trading students should be aiming for five percent and up following the methods and the strategies that we’ve got and that is on their account
per month and if they’re in the uk or dubai tax free so can you explain the important principle just briefly about
people go well that’s just one percent it’s not very sexy when you hear the word one percent it’s not very sexy yeah
yeah can you just explain the concept of compound interest and how that financially is it’s sort of like
the game changer of game changers right it really is yeah so there’s loads of stuff around and i could do a whole
seminar on this but just in short so super quick um when we risk one percent we stand to
make back at least one percent profit if not more ideally two to one three to
one which means on fire one percent risk we could win uh one percent two percent three percent or more on a single trade on one trade
so if we have just five trades that win on a month and they’re only a one for one risk reward then that one percent
risk per trade has made us five percent on those trades so that’s brilliant if
you make five percent per month and you compound that in a year you’re looking at about 70 percent return on your money
which is phenomenal if you make 10 per month you pretty much triple your money on an annual basis and we have some of
our students that are doing that one of my students who’s been trading now for nearly as long as me but not quite as long as me um he said to me the other
day louis i’m at the point now and he’s a day trader by the way um i’m at the point now where if i
hit 100 return in a month that’s a bad month and that’s that’s the level he’s gotten
to so yeah that’s where you can take it to if you want to still following the systems and the
processes that we talk about um so um when the reason one percent is what we
stick to is because of something called random distribution so we do not win every single trade that we place that
doesn’t happen so we don’t know when the winners are going to come we don’t know when the losers are going to come so if i have a set out of my 100 trades we
know we’re going to get between 30 and 40 of those 100 trades be losers but we don’t know when they’re going to come so
if i say have a bank of losers a run of losers and they’re let’s say i have a bank of five losing trades in a row each
one is worth one percent that one percent after a row of losers is worth five percent loss so i’ve had a five
percent loss so if i increase my one percent risk to be a bit more sexy to even just two percent and i have a bank
of five losers i’ve now lost 10 percent of my account across the same trades just because i’ve got a higher risk yeah
and obviously the way you manage your risk is with stop losses yeah yeah yeah yeah exactly do you know with someone
who’s listening to this and would go i don’t want to trade every day it’s not me i hate hate chats obviously you hear
a lot of people on about invested in the s p 500 and those types of things how um is that something that you would
not recommend but is that something that you you teach to people um but that sort of philosophy uh yeah i mean it’s not
trading that is definitely investing um so i think if you want to make good investment
decisions actually having a foundational understanding of technical analysis and what the chart is doing is really really
important yes you can and i know there’s a there’s quite a big push on it and i’m not entirely opposed to it just by index
trackers if you don’t know what else to do just buy an index tracker okay great but what if you happen to again it
depends on the stage of life you’re in so if you are in your 80s buying an index record at this particular point
it’s probably not a good idea if you’re young you’re under 30 then buying an index tracker we know is probably a good
idea over the next 10 20 years probably if previous patterns are to be
repeated and trusted but we are due a crash at some point i’m not going to do a robert kiyosaki and
declare a month the crash was coming yeah we know at some point there’s going to be a crash so
are you better off doing something else with your money like educating yourself and learning a skill set which means
even when there is a crash you can make money trading the markets down and you can make money trading the markets when they go up and then you’ve got a part of
cash which is liquid that when we hit a big crash in the s p or whatever or that footsie or markets internationally buy
it loaded the up with the money you’ve created from trading and then you’ve got a long-term asset as well i
think it’s interesting one thing which i guess people might share and i know we’ll wrap it up quickly but one thing which um shouts
out is you saying that you can make money when the market’s going down can you explain that yeah so it’s called
shorting the market um and it’s literally the same as well you’ve got short and long long as
when your trading as a market go up short trading as the market goes down um and it’s literally the same just
reversed so when you go long you everyone understands you buy something it goes up in price you sell it and
you’ve made profit shorting is the reverse where instead of hitting the buy button first on the broker you hit the
sell button first so you sell it say 100 it goes down to 50 you buy it back and
then you’ve got 50 profit as a result of that so it is a bit of a mind when
you first hear it um i mean i could do a whole explanation as to how it works but you basically when you sell something you don’t own it’s
because you’ve borrowed it technically you borrowed it off the broker so you sell the thing you’ve borrowed
for one price then you buy it back the same item for a lower price and then when you bought it back you hand it back
to the broker so you now haven’t borrowed anything and you’ve just made some money uh obviously from a marketing background
that’s my sort of background how how has marketing played an impact in your business and you know if you
were starting again potentially what were the strategies that you found to be great if someone was looking to
grow their business through that marketing what’s worked for you uh be yourself put yourself out there um use
partnerships i haven’t done any paid advertising yet um so i mean that does start at the end
of this month so you’ll be seeing my ads at some point i’m sure um so yeah but so far everything in my
business has been organic word of mouth um incentivize people to talk about you
give give them commissions and and thank yous and things like that um if people talk about you and and it results in a
sale why not be generous i’m i’m very very generous with my um with my thank you scheme i don’t really
like calling it a commission scheme yeah because they’re not working for me i feel like commission is like you’re
working for me so i just refer a friend thing and if someone refers a friend and they they say
brilliant then i’ll i’ll give them a very generous thank you as a result you’re in your industry is full of wow i
haven’t say full of but i’ve been approached by quite a few pyramid schemes yeah there seems to be a lot of pyramid schemes in your industry where
it’s like learn to be a trader and get ten of you mates to join as well that’s what it’s like yeah but how um uh
when looking back at everything you’ve achieved you know if you had to tell either your
younger self something 10 years ago or if you could tell yourself something in 10 years time which would you do and
what would you say so 10 years ago i was 23 so i wasn’t out the closet so i would
tell myself to go and get laid to get on with it yeah start drinking go like just have sex
with as many people as possible just just live your life um beyond that
ten years from now what yeah oh yeah sorry what else would you tell your 10 year olds
i would say focus focus on something um yeah develop a skill smash out and i
think if i was to go back um yeah and i would just focus on trading
straight away um but even at the start of my trading journey i looked at network marketing for like product stuff i looked at
amazon facebook shipping i looked at all these different types of businesses and like kind of like explored doing them
and they’re all just naf compared to trading like there’s so many moving parts and with trading it’s so much easier and simpler it’s just me in the
chart learning the process doing it and i i think whatever i had if i had end up picking one of those other things i i
know i would have ended up teaching those things as well if i’d made a success of it because it’s just in my nature to do it that’s pretty good and
last question you know if you were the podcaster right now asking the questions is there one question that you’d like me to ask you
uh ah that’s really good um what’s a good question to ask
um a good question i think is uh
what is the foundational skill you have which has led to your success okay go
um i would just say not giving up well interesting that’s his resilience yeah just just keeping on going are you
born with resilience or is it something you can develop i think it’s very hard to say i i do i believe in a lot of
genetic stuff like as characteristics but i do believe nurture has a lot to do
with it and by nurture i don’t mean what my parents did i mean there is elements of that by what life has done to you and
the experiences you’ve had um so i think what
what experience i’ve had of this thing we call life has built a lot of resilience in me um
have you found because obviously imagine a lot of the things you’ve been through especially with the religion and coming out and all the rest of the things what
you mentioned um obviously you you bounce back you become more resilient is it did you find
it hard to keep empathetic during that process and not become cold because i think that’s quite easy for people to do is when you
start getting hit you go well screw you and screw everyone and you start you lose your empathy is that something
which you ever found happening or were you really really good at toughening up being stronger but then at
the same time not losing your empathy and not becoming a dick it’s a great question i think for me it
was actually the reverse so because of my own trauma and from childhood i
was emotionally shut off i wasn’t engaged emotionally i didn’t cry didn’t do anything like that
i was i was a dick i had very very little empathy um other than fake present empathy if this is how i should
behave in this situation yeah i mean i remember for example i mean this is awful i’ve never said this out loud
before but i remember um my girlfriend at the time when i was in school um because you know got got acted got a
fake it no i did i did like her um but her her dad died
and i used that as a reason to get out of school and i was way more excited about the fact that i was getting out of
school than the fact that i was upset for her that she’d lost her dad at the age of like 14 15. like what an arse so
but again teenager everyone’s a as a teenager um so then as i went
through my own journey of of healing and therapy and everything like that and realizing the stuff that i’d been
through and processing it and going through the stuff that i then went through in later life and leaving the leaving the church and all of the crap
that came with that i think it just made me way more empathetic and i’m way more understanding um i’m way more caring i’m
way more yeah empathetic as a result of all of that that’s really good man thanks so much
for your time obviously if people want to connect with you how do they go about following you watch your instagram and
what’s your website that type of stuff yeah so best way is instagram and then all my links to everything i do are in
my instagram bio so my instagram is at louis l e w i s
underscore crompton c r o m for mike p t o
n for november but please type it in carefully because there’s a hundred scammers out there pretending to
be me trying to get your money so that was one of the one of the questions one to actually just what why do the
scammers focus so heavily on you because that’s something you see constantly is you you have so many scammers i think
partly because i’m pretty um i think it’s because because i i
i my brand is quite honest i think so it’s a personal but i’m quite honest i do say
as it is i’m not overselling so there’s a lot of trust in me and i think partly because i’ve taught for rich dad there’s
a certain level of trust that comes with that as well but if if you ever get a message from me
asking you to give me money to trade on your behalf that is not me um i’m only
ever going to ask you to give me money to teach you to trade for yourself so i will ask your money but it’s to teach
you how to do it for yourself yeah yeah no it’s interesting what’s the uh the website uh
startrading.com i think and roughly if um yeah i’ll let you just double check that roughly if um someone’s thinking
about it and again this is gonna cost me tens of thousands of pounds because i know you said fifteen thousand pound for robert kiyosaki’s roughly ballpark how
much it cost to get started with with me or with robert yeah no with you oh with me so um course starts at 500 although
that’s due to go up and then mentorship start from 2000 and go up from there i
mean let’s be honest 500 pounds to learn those skills which you could use and i think one of the key things as well is
you know what’s huge right now is being a digital nomad and you mentioned that before it’s like being able to pick up a
laptop and go to anywhere in the world and work and make money and it’s one of those core skills that you can do and
the markets are always going to be there so it is actually a lifelong skill that you’re learning that will see you through so it was starttrading.com
startradingnow.com starttradingnow.com awesome man i really appreciate your time thanks so much for um jumping on
the call with me and yeah check lewis out and all his content i’ve personally been through it i wouldn’t advise it if
i didn’t think it was great and uh yeah cheers bye-bye thank you

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