003 Interview with Patrick Reid of The Adamis Principle

Hello and welcome to the Consistent Profits Podcast brought to you by Inside out trading and Brian McAvoy, where the focus is on consistency, because when you have the consistent part down, profits become easy. Hello, everyone, this is Brian McAvoy with a new episode of the Consistent Profits Podcast. I'm totally jazzed today to be introducing Patrick Reed, who co founded adamus Principle in 2017 in London, England, to educate and mentor FX traders at all levels, working in both the retail and institutional spaces, which actually is, that's a, that covers a lot of ground. So that you can do both is pretty good. Thanks. Thank you so much for being on the Consistent Profits podcast today.

Well, thank you. It's a real pleasure to be here. Thanks very much for the invitation. Cool.

Well, I got to tell you what really caught my attention though, when I first ran across you, your title, when I ran across you was your title on your LinkedIn profile where you say, helping late career changers become profitable professional, professional FX traders in 12 months. I mean, when I saw that, I thought, now that's really cool. I got to see what this guy is about. And, you know, because there are tons of people that, yeah, they really are not happy in what they're doing and they want to, they want to change careers. So they, you know, not just having the freedom and control over their lives, but just because, yeah, it's not fulfilling. And trading definitely offers a lot. So anyway, when I read some of your posts that you've got, I was really impressed. You've got a lot out there, a lot of information, and you've got actually a really unique voice, so to speak, as far as what you share and the perspectives that you do, it's definitely not the ordinary trading chatter. And that's why I wanted to reach out to you and get you on here. And by the way, just thanks for sharing the perspectives and being game for this interview on the podcast. So how about we start with. The one thing I noticed that I thought was pretty cool is that you used to be, before trading, you were in television and actually at one point even on a food channel. So that's kind of a. They're not exactly adjacent careers. So how did you, how did you make that transition? What was the path that led you to trading?

It's a really good question. And I, I, you know, with, with our company, we help Lake read changes, because that's me, that's what I did, basically. I, I, I, I was a creative. I, I worked at the BBC for 15 years and I was in my late 30s. And I came to this kind of jump off point where I was really safe in the job. I was earning pretty good money. I was like mid management level. I did a bunch of stuff in the BBC and various TV companies and that was great. And then I met a guy who was about to retire and I think he was, all they gave him was this autograph book and a carriage clock and a finer thank you. And he'd done like 30 odd years and I was like, you know, that's me in a few years time. So I was like this is not gonna happen. I was like, I, I kind of, I went to the laboratory and I looked in the mirror and I was like I'm getting old, you know, I mean, you know, you've only got one life. So I thought, you know, I was single, no kids and, and I was like, I'm just gonna try and like think about being curious about, you know, I always want. I love the film Wall street and it was a classic kind of, you know, I love the idea of being a trader but I, I didn't know what actually was involved so for some reason it was just like an epiphany. A friend of mine's husband is a, it's a massive prop desk trader in futures contracts. And I went to see him and his name was Jamie and it will be able to see him went for dinner and, and I went into this big tower and saw all the guys and saw the screens, I saw the shouting. Some of those guys came from Chicago because that's where it was born with futures. And I was like sign me up, this is like, I want this. You know. I was old, I was like late 30s and, and he was, he was like let's go through you make sure you know what you're dealing with and know what you're in for. And I, I was like this is fantastic. So I signed up. So I left my job and I was really scared and I was like no, I'm just, I've got one shot in life, I'm just gonna do it. So I started their apprenticeship at the grand old age of 38 and a half and I was surrounded by kids like they were like 20 year olds and, and I was like slow. I, I was you know, kind of, I guess left leaning politically because I came from the BBC. I was very creative. I love, I love. And I, I, I walked in with my suit and everyone was wearing jeans and T shirt and I was like what the hell is this? And everyone turned around and they were like new Guy. Yeah. So I, all of my preconceptions of what a futures pit looked like was just gone out the window. And then I just started and it was early, early mornings, late nights. It was, you know, the fast Furious shouting. It was, it was events, it was non farm payroll, it was, you know, market profile back in the day that came from steel Meer made back in Chicago. And I just, I was a sponge and I got myself a mentor and I just said, just I want it real, I want it, I want it truthful, don't mince your words. I just want to learn everything. And boy did I get that. So the second week I was doing it, I actually went to the toilet and had a little cry. It was that difficult. So I, I was like, yeah, this is why they get paid a lot of money. But you know what, I knew I was in the right place and I knew this was my future. And that was 15 years ago. So the first year trade I was trading German debt government bonds called the bundle. And that was my first kind of experience as, as an institutional trader. Then I started trading S and P euro stocks, the, the T note and, and the gilt market. And then I moved to fx and that's where I sort of really found my legs a bit. A year in I was having a up and down time to be fair. And then I was on this verge of, of conic and I, one of my mentors, one of the senior traders, they just took me aside, said look, you know, just look in the mirror and just try your best and give it your best shot for the next month and then you know, come to terms with it because you, you tried, you know, you've been there nearly a year. And I had good days, had bad days. You know, I was treading water basically. So at the end of that it was all kind of like Maple break. And then I did a couple of trades that paid for the whole year and it was just phenomenal. And, and I realized that the curve is exponential, exponential. And it just went up like that. And that's what it's like for a lot of, lot of traders. So I thought, wow, this is like month 12. And the second year I did very well, I did incredibly well. I made a lot of money and I found my edge and my edge was being slow. I was a, what is known as a good fader. So if for those retail traders out there who don't know what that is, that's basically when, when a market moves in a direction after say US jobs or whatever, and you think it's overdone, you'll go against it so you think it will revert back to where it came or the mean. And I, I became quite good at that only because my reaction was really slow. Everyone was super quick and I was like really, really slow and I had to be good at something and then I was good at patterns and you know, I was really good at macro and I, I really, my heart, because I lived in the U.S. i really, my heart really connected, you know, with the US macro picture and the story there and how the central bank worked and things like this and you know I, I just loved it, you know. So then I specialized in that and you know, my second year I did really well and then I got poached by a New York hedge fund called Edgewater. They got a small office in London. So I, that's when I opened up to SpotFX. And then I was under the tutorial of you know, big spot guys who run tier one bank desks like Goldman Sachs, ubs, JP Morgan, Morgan Stanley. And that is when my, my knowledge really blew apart and I was you know, trading Spot with the deepest market ever, you know, 7 trillion a day gets in volume. So that taught me about the treasury curve, it told me about central bank policy, it taught me about risk and, and I really made, made a lot of headway there and I was doing that for about a year. Then Adam, my old boss when I was trading Spot, basically we kind of looked at each other and we was like we, we need to set up a company and, and there was our Adams principle and we were born there and we started out really being a hub of excellence. I wanted to cut through the BS in trading with one legged institutions, but one leg in retail because I haven't got an MBA economics degree, all that. I came from a completely opposite industry as a late career changer and I made it, you know, so I, I wanted to kind of give that out and just say look, you don't have to have you know, degree in mathematics or economics. You just have to have a good mentor and you've got to really work hard. It's very hard work but if your passion is there, you will make it. So I just surrounded myself with very smart cookies and, and I learned, I learned from the desk. I learned everything in macro from the desk and price and risk and technicals and all that stuff. So Adam's principal was born. I head up the mentoring and education arm. Adam has an executive search arm. But you also do business consultancy for prime brokers, hedge funds. I'm on the board of a Slovenian hedge fund and we're going in that way as well. So we go in, we parachute in, you know, we sort out their problems and leave. But. So that's pretty much it. That's me up to date.

Well, that's cool. And, and thanks for sharing all that. That's actually a really cool story that you got there. And as far as how you were able to go from one. I mean, so when you were, when you first started out, you were actually down on the, on the pit floor. Did I understand you correctly?

Yeah.

Well, going from there to sound like you went to trading a managed account, correct?

Yeah, I traded what is known as being a local. So that's trading your own money. So I had 50,000 sterling. And the, the pits were not like the open outcry pits that we had in life. They, they had closed and they, they transferred those pits onto pits with screens, basically.

Right.

So very similar. Same, same futures contracts, but. And a lot of shouting and a lot of screens, but no jackets, basically. So. So I was doing that. And yeah, so I, I was a local, so I managed, I had about 50k and I was managing my own account for my own money. Then I traded the prop. Less money after that. So what that enabled me to do is to trade much bigger size, but I obviously got less percent on that. So, you know, that's the deal. That was fine. So it was just a smaller slice of a much bigger pie, huh?

Well, I just find it cool that you're able to go from, you know, where you started down in the pits, which is like a crazy place for anybody to start their trading career. Very few do usually. I mean, I've known a few, you know, people who've experienced the pits over the years and usually they've got at least some, some experience or exposure to the industry before they wind up there. So it's like going straight into the lion's den for your first lessons. Well, it's also really cool that you wound up. You said that you were trading with what was the, the large firm that you left from to start? Adams.

Yeah. So that was Edgewater Markets.

Edgewater Markets, yeah.

Yeah.

Well, that you were able to go from trading your own account to that kind of a position is excellent. I mean, how did, how did you manage to make that transition?

I just learned, you know, I, I'm the, I'm obsessive, so I got a good mentor and I, I literally lived and breathed it 247 for about a year, right? And I just sat next to someone and asked questions and I was so enthusiastic. They just didn't have the heart to tell me to go away. So I was like, yeah, what's this? How does that move? Why is that doing that? What do I do if I do that? I made every single mistake you could possibly think of. But because I was just so consistent and persistent and, and I just showed that grit despite, you know, getting, getting beaten every day, I, I bob back up like a cork. And that was, you know, that was quite attractive to those guys. You know, like, this guy is rolling sleeves up, right? Getting on with it. He's not, you know, he's not shy. And I was like, you know, when I was coming up with ideas and that's the thing about, know if you ever want to question everything, right? Because half of people don't know what they're doing. That is on, on an institutional level, right? I'm, I'm not joking. Like you, you can come up with fancy words and long complicated arguments, but essentially no one really knows. And the market is basically, therein lies the market because you get buyers and sellers for everything. I could tell you a position of my dollar view. Somebody else out there has got the opposite. We're both right. So I thought all the banks had got it all clued up and they knew everything. They don't. So I was just like, oh, that really like gave me a lot of confidence and I was thinking, well, if they don't, maybe I can try and find out. So it was just basically like that. But yeah, it, I mean, it sounds like a dream job. It is. But I did have a hard time. It was so difficult. I knew it was almost like I, I, I did it like my life depended on it. And I didn't have a social life. I didn't have any really. My close friends are still with me. But I just like really focused on that for the first year and a half because I really wanted it and I just wanted to like, you know, I, I started drawing little charts at home and you know, I just devoured it and I was shocked that I just thought everyone else did it like that. But you, you, you'd be like, there are people that are at institutional level who just do half the work. And I'm like, you, you're trading with so much money and you, your upside is so massive. Like, why are you quite putting a thousand percent in it? And, and that's what got me to a higher level. And I started like mixing with, with Spot effects traders who had run like sell side. So, so you know, ex Goldman Skies X UBS Geyser, Morgan Stanley guys, JP Morgan guys. And they saw that in me because they were at Edgewater and, and they were like, we're going to give this guy time, we're going to tell him anything he wants. And you know, there was a guy, Adam is, is one of these guys. He's my business partner. There's another guy called Serge, another guy called Pete. And I was like, you know, I asked them everything and they were like, yep, keep asking, keep asking. And I was writing. I mean I, I do, I got the, I'm old school. I write this every day. I do a one pager and writing with a pen. I do my market view every single day. I've done that for 50, about 15 years. So I, it's in my blood. I love it. I love markets and, and, and this infectious. So that's probably why, and I had a lot of ideas as well. So that's probably why I got surrounded by, by clever people.

Yeah, that's, that's really cool. I mean, yeah, definitely, definitely not the usual story that most traders have. So. Very cool, very cool indeed. Well, so as far as late career changers, I mean they're, you know, people of all varieties that get into trading. How did you wind up deciding to focus on late career changers?

Yeah, I mean I, I found that there are people out there who are bored, that they've got golden handcuffs, they're locked in and they, they want to change. So these are the people that I, I find I can help and it's just because it's what I did. So, you know, people of a certain kind of industry or, or certain age or a certain kind of qualification or certain income, they come into this kind of profile that they think, well, okay, that's, that's my lot. That's what I'm going to do for the rest of my life. No, because you, you can, if you're curious and you're passionate enough, you can make a change. Because I did it, you know, I, I, I did it and, and it, I'm living proof that it can work. And, and I just felt I wanted to give a voice to these people. So we, we do help people, you know, young people at college and, and also, you know, all, all industries, all walks of life, obviously. But I felt because it's my personal experience, I can give a lot more to that.

Well, that's, I don't know, I just, I find it kind of A cool criteria because anytime, you know, like us, you know, we're in the business of serving other people, it's like, okay, who do we want to focus on? And, you know, use, like, selection criteria, so to speak, for lack of a better phrase. I just thought that was really cool because most businesses just in general, you know, when they're saying, who do I want for, you know, my, my target market, so to speak, and you try to get clear on who you want to serve, it's usually stuff like demographics, you know, age group or, you know, occupation or stuff like that. But I think it's really smart and very cool that you chose this one in particular because it's a certain group within most other groups, but it's still a nice, clear criteria. So, like I said, it caught my attention, but it's actually really cool and it does make sense. So what are the main things that you're looking for in people that, you know, come to you and say, yeah, I want your help? What are the main things that you're looking for in them? Besides the curiosity and the passion, are there other, other things that you're looking for as well?

Yeah, I mean, I, I would say that curiosity, curiosity, grit, and passion are the three things. But usually what happens is we have a conversation and, and I ask them what their biggest frustration is. I also ask them what the most important thing is in their life. And based on that, I can understand. Obviously, we talk about the budget and based on experience and how much time they can put in. So really we do all this analysis and we work out where they want to be. Right? So some people come to us with certain specific kind of wishes and dreams. Some people want to work in the futures desk, which we can do as well. And that's, that's just. You can't do that. You can't walk off the street and go into a futures desk. I'm sure you know that. So we can do that. We can facilitate that. Some people just want to trade their own account as a parallel income. Some want to do the full flip to, to be a professional trader. We do that as well. And, and for me, I say from the outset, this is not for everyone. Oh, yeah, this is, this is really is gonna. It's, it's the best job on the planet. It's an amazing job. It's, it's, it's very sort of demanding, but the rewards are mind blowing. And, you know, I wanted to kind of keep it real and, and say, look, avoid the Instagram bs, avoid the Ferraris. And all of that, you can have all that. Right. But do you know what you have to do to get that? It's hard work, right? It's really hard work. And, and markets have an uncanny ability to, to find your weak spot, whatever that is. Right. And, and they'll twist and they'll turn and they'll poke that weak spot and, and it's my job to help protect that weak spot in you. And we all have it, we all have a DNA as trading. Right. So one of the things I wanted to sort of now talking about is the reason we're different is the, the daily mentoring. So we, you get access to me every day through our live show and I'm very approachable because I feel that a lot of it is kind of a one size fits all and it's like there you go, do your thing and then forget it. For me markets are about context and it's about oh okay, so say we've got non farm tomorrow, this is the day before. On the recording it's non farm payroll in the U.S. huge figure. Where's the market position for that? What is the Fed said about that? Where's dollar what are buyers and sellers looking to, to do on that? What are we expecting? What happens if it doesn't deliver? What does that do to the Fed after a strong inflation? All of these contextual things make up our daily show basically. And so we, we get people prepared for live events. Obviously we were, we were very close to the bank of Japan and you know, when dollar yen was at 152 we, we were advising on interventions and stuff like that. So that daily contact is, you know, through our small private groups is really key and that's what you really need. That's what I feel I got. So yeah, we're looking for that really, you know, and in our people. Coming back to what you're saying, people who want to know more, we usually give them a sit down and get to know them and what they really need and then we can deliver.

Gotcha.

Cool.

Well so I mean in your, in your career you've experienced a lot. What's your focus now as far as if you were like to describe it for somebody, I mean, what's your area of focus as far as what you're looking at in the markets and kind of your area of expertise so to speak, at least as far as what you got going on right now?

Yeah, I mean FX is my expertise, especially the US macro story. I'm very comfortable with all the data and where the dollar's positioned right now. I'm very conscious of the global inflation problem and I'm very conscious of what the Fed's next move will be. So we do have this idea that the global bond market is, is, is in free fall. So global yields are really rallying. This was off the, the backdrop of at one point we were having inflation come lower and that's turned around again after the last inflation print which is PCE that exploded. We've got great Data in the U.S. my concern really which is where we're focusing our clients is has the Fed done too much too soon? They front loaded their rate hikes 75 basis points a few times and now are we going to get a hard landing, Are we going to get a really tricky kind of recession or is the Fed gonna, going to ease up a bit? That's the key thing. And at the moment, you know we had, this week we had the JPAL testimony and he was resolute. Right. Longer for hire. It was, you know, he's always said this, he's very, very pragmatic. My favorite central bank head just absolutely hands down, I mean, you know, if you compare that to say the UK or, or Europe hands above so good. So I mean I, I feel I'm pretty comfortable with the Fed and dollar and we're looking at sort of seeing dollar consolidate around this, around this, around these kind of high points. But the key thing for me is there's a good story coming out of China with the data. But the problem is if, if global yields rally too much and that could force the Fed's hand to, to ease up, to avoid, to avoid a recession basically that's what we're looking at. Cool.

That was actually a really good summary. That was like 90 seconds. You said a lot. Very cool. Now the reason I was going to jump in there is as far as the Fed heads, it's like you actually have a favorite. They're like on the positive side of the spectrum or with many public figures usually is back to the lesser of two evils kind of thing.

So yeah, I mean if you, if you think about Jay Powell, I think he's much better than Yellen. And if you think about jbl, compare it to say Andrew Bailey, Philip Lowe or Christina Guard. There's no, there's, there's no, no competition. I mean in you know, the, the Fed look it's, I guess maybe it's an easier story because the macro picture is largely pristine so it can be quite easier. But you know, I just like Jay Powell and What he says, he's, he's just very pragmatic. It's not perfect, but, you know, we got. The UK was in a tailspin after the Autumn Statement, way back in September when the bond market just collapsed. So, you know, we're still kind of nursing our, our wounds from that. And unbelievably, you know, Europe is a very difficult game to play as well, because it's so big and the Governing Council and the ECB is so huge. You've got huge divergence with the Germans and, you know, say France and Italy, the complete opposite. It's, it's a bit like, not quite like a Greece, Germany crisis, but you do, you do have all these different countries, all these different cultures that have all these different ideas and, you know, they, they leak their ideas onto the, onto the press through their sources and, and they do this like two days after Christine Lagarde got her official announcement. So, you know, for me, the Fed is a winner.

Gotcha. Yeah, that's nice. Well, that's really cool. And what you, what you got going on, it's really very cool indeed. And I can see just the enthusiasm in your voice when you talk about it. Everything. Yeah, this stuff is, it is interesting and it is fun, challenging, but yeah, definitely. So very cool. And especially still being fired up about it after all this time you've been, you know, how long you've been in this trading game, so very cool indeed. A different question for you, though. You said that you've had some people who were very helpful in your growth and development. They saw your drive and they're like, yeah, keep asking the questions and everything. So who, who, who would you say were, you know, one or two people that have had a really strong influence on you and, and, you know, how did they impact you?

Yeah, I mean, I've had many people. There's, there's not one person, but I've had many people in my life. And, and Serge Saramenga, he was the spot head, spot trader, hsbc. He was one of the guys Beat Nussbaumer. He headed up Goldman's and Morgan Stanley, also ubs. He's another guy. Adam, my business partner, he, he's another one of my mentors. He's been around the market 35 years. Stefania Perucci, she used to be a portfolio manager at Morgan Stanley. I actually, I've spoken to her on Zoom, but she, I. We only know each other on LinkedIn, but we, we're in touch when we, and we. She's always supportive. She's got a PhD in physics. She's. She runs her own hedge fund. She's an incredible person on, on, on LinkedIn. Super, super smart. And she's always texting me words of encouragement on my, on my messenger. But there are loads of people, you know, and anyone, especially on LinkedIn. This is where I blog every day, by the way, so I'll leave you all my details. But the. Anyone that is, is worth less salt who may be a lot more qualified than me, doesn't mind me asking questions. It's brilliant. You know, and there's, there's a little bit of academic arrogance in some people, but those are the people I don't associate with. The real smart guys and girls are the ones that are quite forthcoming because they don't have anything to hide, you know, but those are, those are a few names. I mean, there, there are certain pit traders I work with as well. But I would just say, you know, that there are, you know, the guys at Real Vision, they're really cool. Raoul, he's like legends. Damien, they're doing what they're doing, you know, demystifying, you know, the broadcast of financial. They, they. A lot of hedge fund guys. So, yeah, they're all, I mean, there's too many to mention, but those, those are some of the names.

Very cool. Yeah. One of the things that I've totally appreciated about trading, the trading world in general, and especially since, you know, looking to help other traders, is how they're, they're just playing. There are a lot of really, I mean, there, you know, there are a lot of scammers, there are a lot of charlatans in the space just because there's a lot of money floating around. But there are also a lot of really just very good people who are very willing to help. And gracious is like the best word I've found because, like, you, you know. Yeah, there were people that I felt were, like, totally out of my class who were very helpful to me when I was first starting out. And that's very cool. And that's why I wanted to ask you. It's good that you have such a long list. That's very cool. Well, you got any favorite books that you'd like to recommend to our listeners?

Yes, there's two. There's one, Trading in the Zone by Mark Douglas. That was my first, I mean, classic book. Classic. There's anything by steelmail or Market Profile, and they all came from Wiley Press, from Chicago. You know, Market Profile, Standard Deviation. Beautiful. And the technical one was Murphy's technical analysis. That's a big old book. It's like, written by Things. Patrick Murphy years ago, but it still stands. You know, it's a big old book. It's great book. Those are my first books, so I sort of. There are loads. I mean, obviously market wizards for aspirational stuff, you know, beautiful. But those are the books I. That really, I still read. And there's loads of. Yeah, there's just so many great books. But those are the ones, I guess, you know, when you read your first book and it really touches you and you kind of hold onto it, and I'm sure they're better books, but those are the ones that really connect with you because you kind of like, oh, my God, that book changed me. And my. And Trading in the Zone is one of those books. You know, I still think I still read it. I think, oh, yeah, you know, that's still relevant. That's still, you know, written all those years ago and.

Yeah, yeah, indeed. Indeed. And I totally agree. Yeah, some books, it's. Yeah, definitely. And you know, Mark Douglas's book, I. I'd say probably 40 to 50% of the people that I talk to have read his book.

Really? Oh, brilliant.

Yeah. I mean, just in general, you know, colleagues or clients or pretty much anybody in the trading space, like. Yeah, yeah. What are you. What's your favorite books? Trading in the Zone. Oh, that's on everybody's top five list.

Which is my, my. I've got a paper, but. Well, I've got. I've got my third. I'm on the paperback because it's been battered and torn and thumbed and. And underlined and highlighted with my trusty highlighter pen and just like. And they just get torn up. So I'm just like, yeah, I just have to buy another one.

Yeah, I know how that goes. Well, I tell you what, I very much enjoyed talking with you today and I appreciate you sharing all that you have. This has been really excellent and very worthwhile, for sure. Now, as far as your training, what's the. I mean, you told us a little bit about that. Is there anything in particular as far as speaking to the audience to let them know what they can expect and what's probably a great way to reach out to you? You said you LinkedIn, but do they just get on LinkedIn and message you or. Like I said, what, what, what's. What does he kind of are offering as far as coaching? If you could describe it a little bit, to give them an idea of what they'd be looking at and work what it's like to work with you.

Absolutely. So essentially we have a number of programs. Our signature is our 12 month program which involves 41 videos. So, so self study but also the live elements. So you get access to me live every day. And one of the great things that we do, the reason our traders do incredibly well is because of the live element and the accessibility. So you can ask me any questions every day. I present and write a macro show every morning called the Adamus Daily. We have a very unique private WhatsApp group and a hub of excellence online as well. And it's a great, it's a family really. And that's our 12 month program. We offer futures desk seats at the end of it if you want to, or if you didn't want that, just trade your money, that's fine too. We do a three month foundation course as well and we also do a one to one which is a premium obviously. But essentially what you really get is the accessibility to an institutional trader. You can talk to someone who's been there and done it, who's changed their career late, but knows and loves the markets every day. And that's the key thing. We, we do get other institutions from banks and hedge funds come on the show as well. So you can talk to them. They're all spot guys or portfolio managers or treasury guys so that, you know, we, we get some really good guests on as well. And it's just basically access to me and, and we, we do an assessment before we write. We go through objectives and we deliver those. Keeps me accountable, keeps you focused and you know, we have a plan for you when you finish that you're always going to be part of the family. We go and see our global, we go and visit our clients anywhere in the world. That's the key thing we do. And we do events. I'm seeing some clients in Dubai in mid April. We travel extensively. Actually got a couple, one of the guys, he's now working at the Fed through our sort of mentoring program. He's in Kansas Fed and we're going to go and see him. So you know, we do travel as well and that's pretty much what you get.

Nice. And if, if I heard correctly earlier, it's, it's largely going to start, it's all going to start with a conversation where you can kind of talk to them, find out what's going on with them and what would, what would be the best path for them. Is that correct?

Yeah, absolutely. You can contact me at the adamis principal.com I'll give you my details, but the best way, really. And I, I'm very approachable. I answer. Every message, by the way, is LinkedIn. So it's Patrick Reid LinkedIn, and I'm up there. I'm regular on BBC News and various podcasts. So please do connect. Send me a message and we can jump on a call. We can go through and go from there.

Okay, yeah, excellent. And I'll make sure that all your contact information and links and everything are in the description in the show notes down below. So. Excellent, excellent. Well, again, thank you so much for being on here and everybody, thank you for listening. One thing, it's super important. If any of this resonated with you, make sure that you do reach out. Don't just listen and then continue on with what you've been doing. If it's not really rocking it, take some action, do something. And if what Patrick's got here resonates with you, definitely reach out to him and have the conversation. I can tell just through our conversation and what I know of him prior to our conversation, if you wind up saying, yeah, hey, I like you and I want to do business with you, you're going to be glad that you did and probably have a heck of a fun time along the way. So, yeah, well, yeah. Thank you again, Patrick, for coming on here and yeah, everybody, thanks for being here. That's episode and we'll see everyone on the next episode of Consistent Profits PODC podcast.

Thank you so much.

Thank you for joining us today on the Consistent Profits podcast brought to you by Inside Out Trading. If you enjoyed the show, make sure to subscribe on your favorite channel and we'll see you on the next episode. Cheers.