Mastering the Art of Trading and Building SupremeFX | S2 Ep. 77

0:05Hey, everyone. Welcome back to Founder Story. Today, we have Samir Jassini, who is the CEO and founder of SupremeFX. and we're going to dive into all things trading. This is a topic that I really wanted to master at some point in my life, but I seem to make all the wrong decisions when I trade, Samir. I don't know what it is, but what got you into trading? So basically, I was lucky enough to be mentored by high net worth individuals. And when I looked at what they do, I knew that there's a lot to this world more than receiving a salary. So I saw how they were working closely with wealth managers, which inspired me coming from a very humble background in a neighborhood from Lebanon, south of Lebanon.

0:51It inspired me to enter this industry. I became a chartered wealth manager by the Chartered Institute of Securities and Investments to prove myself so that I can start handling their portfolios. Then I started trading. So trading is a bit different when we talk about CFDs trading. When I started CFDs trading, I had that strong skin. I had that thick skin and discipline because of my daily habits. So I grew quickly to become successful trading. I became the chief risk officer for conglomerate that deals in physical gold. So my job was to hedge the risk against the physical gold. today if you are buying gold let's say from africa by the time it reaches the uae it takes like two weeks in those two weeks the price of gold will fluctuate especially that gold is a is a volatile asset class my job was to forecast at what point to hedge my position so we buy the physical and i sell on the platform so that i can lock in the discounted price and that would be my profit margin.

2:01In some cases, I wouldn't lock in the price immediately if I was bullish on both. So I would wait a bit so that I can lock the price at a higher price so that I can optimize my profitability. And in some cases, if I was wrong, obviously I need to immediately lock it so that I can hedge my risk and mitigate my losses. From there, when they saw my skills, they started their appetite of speculation increased and that's when they told me samir handle our funds i want you to speculate on gold just straight plainly not hedging we started with a million dollars we started growing up to 50 million dollars of a different group of high net worth individuals who are pouring in money into that pool and i was trading it and that's how i got into trading the financial markets the ability to work with high net worth individuals i'm sure you learned a lot of things not just about trading just about how to then become a high net worth individual yourself what is like one or two things that you noticed that were very common among these people interesting enough that if you ask any of them how did you make it he says it was god so they say they say that and this is something i learned that they say it's look life is 70 luck or god or the universe whatever you believe in and 30 hard work you do not choose where to be and when to be often you have the knowledge but you need to be at the right place at the right time so that you don't choose that god chooses for you so that was something very very common between all of them they had strong faith and what i understood from that also is that with that strong faith they had it increased their discipline and emotional power because if something went south with them they were very strong emotionally depending on god or a higher power so that was mainly the main thing i found that was very common between all of them i love that answer because i feel like the grit like if you really want to make it you have to have this this like iron grit you have to be able to go through the ups and downs but many of the successful people that we've had on this show have said luck and being in the right place at the right time was almost more important than anything so i appreciate you saying that let's talk about the platform that you have what makes that platform stand out and what was your mission in building this so i've been trading for over 10 years right now and i've been through the ups and downs watching the financial markets crash i've seen also the markets booming and trading the financial markets you face a lot of issues like slippage mispricing glitches uh no deposits are not in a timely fashion withdrawals are not in a timely fashion that's if you ever get paid so what i wanted to do as a trader is to create the right environment from my side so that the clients who trade can have a smooth trading environment and trading experience i would say that is my unique selling point because most of the people who run cfd's brokerage houses today are most probably businessmen they have not traded themselves or they have the theory behind it whereas i myself i traded with 50 million so imagine the amount of lots we needed to execute imagine the supreme conditions we needed to be able to execute in a timely fashion so that's one of the main points what makes supreme effects special the other thing i would like to talk about is that being a trader and a wealth manager and very active on social media.

5:57So I've created this community where I communicate with my clients. It's very rare, if not impossible, to find the CEO and the founder of a financial institution who engages on a personal level, feeling their emotions, feeling their pain in a community where I give insights about the financial markets as a trader. I listen to their pain points so that I can tackle it efficiently and deliver it to my team so that it's handled in an efficient and timely fashion. So like you said, there's not a lot of these places will have somebody that's really public facing that's out there. Many of these founders don't do that.

6:39What made you say this is like something that I need to do? Like I, you know, I really want to build up this community. I want to help educate people. What made you say that that is, you know, the best route for you? okay so basically it comes out of pain and out of giving back you see i learned something while trading that it takes a lot of emotional discipline to become a successful trader and you need to exhibit and practice this discipline in your daily activities so i found this let me call it i don't if we can call it like a glitch or that trick in the market that we all do technical analysis it's like going to the gym we all work out but it's those who are following the diet that are that have that are good in shape similarly in trading you need to have that emotional discipline to be able to become a successful trader from there with my techniques I wanted to give back to the people and I wanted obviously I wanted to grow my name and my legacy in the markets the financial markets specifically and the entrepreneurship industry as well so I just wanted to give back to my clients and I wanted them to actually have like whatever I faced in the past I want them to learn from it it's like writing a book today if you have achieved something great in life and you've written a book you don't ask them why you're writing a book you're sharing your experience because you want others to learn from your mistakes and learn from the pain that you've been through.

8:13Similarly, I'm giving back to that community. Yeah, that makes sense. I mean, when you put yourself out there like that, not only do people trust you, but then they learn from you and then they're very appreciative of what you've been able to give back to them. No matter what you do, you know, past even this platform, people will continue to follow you and to see what's going on, what you're working on. I read a lot about you, like the king of gold. I read the things that people have said about you. So the fact that most people lose money with trading, what do you tell to people then when they're getting started as to something that they should do or know before they start trading?

8:56Before you start trading, first of all practice discipline in your daily habits if you are an an abrupt person by nature and you are eccentric and you don't have discipline in your life you won't be able to implement it in trading plus i suggest you start on a demo account learn how to trade the technicals are not hard but learn how to trade master trading at least master one asset class the way i did i mastered gold when you master it make sure you try it out on a demo account and then you might try it out also on small accounts when it proves that it's a proper risk management strategy and it's a proper winning strategy you can scale it so approach your approach your trading as if it is a business you get profit and losses in a business if you have a grocery store today maybe the corn doesn't sell you get rid of it that's a loss but the pickles are selling and the apples are selling you make profit on that right but at the end of the month your p &l is positive trading is the same you have to learn how to how to have tactical withdrawals from the market accepting losses having discipline not to go big and thinking you are invincible when you're entering a trade stick to your strategy no matter what and understand you are investing you are not gambling so if you get a hit rate let's flip a coin 10 times if i get it five times right five times wrong and my risk reward ratio is one percent so if i lose i lose one percent if i make i make one percent five times right five times wrong nullified i make nothing if my risk reward ratio is two to one or one to two so my reward is two percent my risk is one percent of that count five times right five times wrong i made ten percent i lost five percent i remain with 5%.

11:06Now the least of that 5 % monthly on an annual basis is 60%. Now tell me which asset class today if you invest has an average of 60 % annual. I think that's a magnificent return on investment and that's the way you should think. When you realize you need to hire it's usually already too late. I've been there wasting weeks waiting for decent candidates. If I had used Indeed I I could have hired way faster. So when it comes to hiring, Indeed is all you need. Stop struggling to get your job post seen on other job sites. Indeed, sponsored jobs help you stand out and hire fast. With sponsored jobs, your post jumps to the top of the page for your relevant candidates so you can reach the people you want faster.

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12:28Just go to indeed.com slash founders story right now and support our show by saying you heard about Indeed on this podcast. Indeed.com slash founders story. Terms and conditions apply. Hiring Indeed is all you need. No, I appreciate that because I think I'm always fearful of trading. It feels like I didn't take enough time to learn to be disciplined in certain ways. I get busy in my day and then I forget to check. But I appreciate that. So how much time would you say that somebody needs every day to trade, whether it be adding in the learning, adding in the analysis, adding in the checking on whatever your assets that you're investing in are doing?

13:16What is the average amount of time? There's a misconception today in the market that is being delivered by influencers who call themselves influencers and they say that trading you can trade from anywhere around the world you can sitting at the beach just open your laptop half an hour trading and you'll become a millionaire they make it sound like it's a hocus pocus type of magic wand thing you know that's not it you need to study the markets it's a business you need to be involved in it even when i take a break which is needed i call it the off season for a week or two i need i don't trade when i first come in i update myself on the fundamentals and the economical outlook of the market so that i can take informed decisions i don't just enter okay technically it's like that there's resistance support let me enter the trade open five lots finished that that's not how it works you need to be involved in it on a day-to-day business basis listen to the news do your analysis be disciplined so it's that whole package well thank you samir for sharing that it makes sense you said treat it like it's a business not just something you do for 30 minutes a day if you want to try and hopefully see some sort of results you have to be educated on the markets and everything that's going on so thank you for sharing today people want to get in touch with you they want to watch your social they want to get educated from you they want to check out the platform how can they do so so i'm available on most of the social media platforms from twitter to youtube to instagram mainly i answer the dms that i receive on instagram at samir jazino official or you can send us to supreme effects just send me an email to info at supremafactstrading.com and I'm at your service.

15:09Samir Jazini, thank you so much for educating me today on all things trading so I can dive in and fully at some point in my life understand how I can make this work. But thank you for joining us today and sharing all your insights. Thank you then for having me today. Thank you very much.