ICT Charter PAM 8 - Trade Plan and Algorithmic Theory

Last modified by Drunk Monkey on 2024-02-09 09:38

Outline

00:06 - Price action model for 6% monthly returns.

- ICT presents a price action model targeting 6% per month with a focus on market preparation and analysis.
- Identify 25 pip price runs for bullish institutional order flow.

03:29 - A price action trading model with risk management strategies.

- ICT: Look for convergence of manipulation and price opposite to trade bias during volatility injection.
- Manage short trades with sell limit orders, aiming for 25 pip objective.
- Trader discusses stop loss management, position sizing, and risk management using different lot sizes.
- Develop a smooth equity curve by managing risk and assuming losses to build a successful trading career.

10:45 - Trading with low risk and modular thinking.

- ICT suggests trading 5 handles per day, capturing setups for 5 days/week, with low risk and consistent returns.
- ICT asks 37,000 people about their annual salary, with the majority (less than 50,000) believing they can make 400-500,000 in a year.
- ICT advises against impulsive trading, emphasizing the importance of logic and specific goals for weekly range expansion.

15:26 - Trading strategies using weekly chart analysis.

- The speaker discusses trading the British pound versus the US dollar, highlighting the importance of analyzing price action and identifying potential range expansion areas.
- The speaker mentions a recent commentary where they discussed trading up into a level and then breaking away, indicating the potential for an aggressive move to the downside.
- Trader identifies potential for weekly range expansion based on daily price action.
- Trader identifies potential short trade opportunity in GBP/USD using intermarket relationships and risk management strategies.

22:23 - Trading discipline and finding profitable setups.

- ICT emphasizes the importance of discipline in trading, suggesting that it's crucial to have a clear setup and stick to it, even if it means missing out on potential profits.
- ICT provides an exercise for traders to practice discipline by identifying and executing a specific setup each week, with the goal of honing in on 25 handles in the index futures.
- The speaker emphasizes the importance of discipline and routine in trading, citing the need to improve a consistent profit-making model.
- The speaker encourages the listener to focus on building confidence in their ability to find setups, even when using a limited number of models, and to lean on past successes to overcome drawdowns.

Transcription

1 00:00:06 --> 00:00:12 ICT: Okay folks, welcome back. This is price action model number eight targeting 6% per month using a 25 Pip per week model
2 00:00:22 --> 00:00:34 all right ICT projection Model number 825 pips per week trade plan, targeting 6% per month model. Like all of our previous presentations, we have to go through
3 00:00:34 --> 00:00:48 the five stages of trade plan development, preparation, opportunity to discovery, trade planning, trade execution, and finally trade management. Okay,
4 00:00:48 --> 00:00:56 preparation note all medium and high impact events for the markets that you're gonna be following. Study the events on the week to come and consider how the
5 00:00:56 --> 00:01:08 current market structure and the calendar events may suggest a specific weekly profile for that week's range. Preparation determined the HIPAA data range for
6 00:01:08 --> 00:01:18 the last 20 trading days. We're only focusing on the last 20 trading days we're not really concerned about 40 days or 60 days look back just the last 20 trading
7 00:01:18 --> 00:01:31 days and we do not use or count Sundays. Note the highest highs and the lowest low in the past 20 trading days. This is your current dealing range. Inside this
8 00:01:31 --> 00:01:42 dealing range, we look for the next draw on liquidity Where is price likely to trade to next below which old low or above which old high we look for IPD array
9 00:01:43 --> 00:01:54 in the direction of the weekly range bias. Okay preparation stage though, we anticipate price to move to a PD array that would support our weekly bias on a
10 00:01:54 --> 00:02:06 day and news release found on economic calendar for the current or next trading week. This volatility injection is what we wait for. This would be a run based
11 00:02:06 --> 00:02:20 on a low resistance liquidity run conditions. Opportunity discovery we look for 25 Pip ranges that would enable a run to buy side liquidity. When bullish
12 00:02:20 --> 00:02:29 institutional order flow is present, or target the sell side liquidity when bearish institutional order flow is present. Now if you look at this diagram to
13 00:02:29 --> 00:02:40 the left, it's a 15 minute timeframe of the euro dollar. Now, the little box that represents the 25 pip range that's actually 25 pips relative to the current
14 00:02:40 --> 00:02:51 scale of this chart, if you're looking at price action, and we're going to assume that we're bullish for Eurodollar, which we have been for the last couple
15 00:02:51 --> 00:03:04 of weeks, at the time of this recording in November of 2020. Your ideal scenario for this trade plan is to be looking for scenarios where if you're bullish,
16 00:03:04 --> 00:03:18 you're gonna be framing a run to and above an old high that offers that scale of 25 pips, so you're training your eye to look for these types of setups. Anything
17 00:03:18 --> 00:03:32 that would frame a price run that would give a 25 Pip price delivery on the upside when it's bullish. That's what you're framing. Trade planning. When the
18 00:03:32 --> 00:03:41 market is poised to decline, we want to look for a convergence of both manipulation and price opposite to our trade bias. At a time the economic
19 00:03:41 --> 00:03:52 calendar suggests a volatility injection will likely unfold. We will short premium fair value gap or short buy stops in a stage one or two redistribution.
20 00:03:54 --> 00:04:02 When the market is poised to rally, we want to look for convergence of both manipulation and price. Opposite to our trade bias at a time the economic
21 00:04:02 --> 00:04:13 calendar suggests the volatility injection will likely unfold. We will buy discount fair value gap or buy sell stops in stage one or two re accumulation
22 00:04:17 --> 00:04:27 trade executions when we are bearish, who anticipate a five minute chart institutional order flow entry drill trade entry to form inside of a retracement
23 00:04:27 --> 00:04:41 higher during the London Open and or New York open kill zones or by stop read that we will go short when it unfolds when we are bullish. We will anticipate a
24 00:04:41 --> 00:04:52 five minute chart institutional order flow entry drill, trade entry to form inside of a retracement lower during London Open and or New York open kill zones
25 00:04:53 --> 00:05:05 or a sell stop rain that we will go long when it unfolds. short trade Management. When we are entering a short, we will place a sell limit order, we
26 00:05:05 --> 00:05:18 will execute with our demo account. We will use the PD array convergence minus five pips as our entry price when using the sell limit order long trade
27 00:05:18 --> 00:05:29 management when we are entering along, we will place a buy limit order, we will execute with our demo account, we will use the pdra convergence plus five pips
28 00:05:29 --> 00:05:42 as our entry price when using the buy limit order short trade management when we are entering a short, we will place a limit order to take 25 pips as our
29 00:05:42 --> 00:05:52 objective on a single position. We will use one order to manage the trade idea. If you capture at 25 Pip objective, close the trade via limit order and wait for
30 00:05:52 --> 00:06:04 another opportunity. Long trade management when we are entering along, we will place the limit order to take 25 pips as our objective on a single position. We
31 00:06:04 --> 00:06:14 will use one order to manage the trade idea. If you capture a 25 Pip objective, close trade be a limit order and wait for another opportunity. Stop Loss
32 00:06:14 --> 00:06:27 management. When we are in profit 50% of our expected objective stop loss can be reduced by 25%. When we're in profit 75% of our expected objective stop loss can
33 00:06:27 --> 00:06:39 be reduced by breakeven money management. position size calculation formula position size equals account equity times our percent divided by stop loss in
34 00:06:39 --> 00:06:50 pips. position size is the amount of leverage for trades or trade assume account equity is the total amount in your trading account. Our percent is the percent
35 00:06:50 --> 00:06:59 of risk you are willing to take on portrayed the difference between the entry price and your stop loss is the number of pips you will use to divide the result
36 00:06:59 --> 00:07:13 of equity times our percent and an example account equity of $20,000 risk per trade one and a half percent or 20,000 times 1.5% gives us 300 hours. The stock
37 00:07:13 --> 00:07:22 for this model we're gonna be using 15 pips now this can obviously be scaled to whatever you want. But just in the way of mixing things up I've been using 20
38 00:07:22 --> 00:07:33 pips up till now in all the models and trade plans. This model can use a 15 pips stop loss because you're working with a five minute chart. So the stop required
39 00:07:33 --> 00:07:48 for this trade equals 15 pips, so in micro lots, one kg each, or 10 cents per pip stop loss of 15 pips times 10 cents equals $1.50. So $300 divided by $1.50
40 00:07:48 --> 00:07:59 equals 200 Micro lots portrayed or one and a half percent of the equity, we're always going to round down. Same scenario, but we're using many lots now. Many
41 00:07:59 --> 00:08:12 lots are 10k each have leverage, or $1 per pip. So a 15 pip stop loss times $1 is 15. US dollars $300, which is our total risk of one and a half percent of
42 00:08:12 --> 00:08:25 20,000 divided by $15 gives us 20 Mini lots portrayed or one and a half percent equity. Again, always round down. And finally, first standard lots which is 100k
43 00:08:25 --> 00:08:42 leverage. Each PIP would be represented by a $10 fluctuation. So a 15 pip stop loss times $10 is $150 $300 divided by 150 gives us two standard lots per trade.
44 00:08:43 --> 00:08:54 If your demo account takes a loss on a trade, and it is a full, our percent you assumed dropped our percent by 50%. And when the losses recovered by 50%, you
45 00:08:54 --> 00:09:05 are permitted to return back to maximum our percent per trade. If the reduced our trade assumes a loss reduced our percent by 50% into the previous trade
46 00:09:05 --> 00:09:17 losses recovered by 50%. If you take a series of five winning trades in a row, drop your risk percent by 50%. You are likely to assume a loss eventually and
47 00:09:17 --> 00:09:27 this will build an equity leveling and reduce the likelihood of a large drawdown. You want a smooth equity curve that slopes or stairsteps higher, not
48 00:09:27 --> 00:09:38 jagged or with deep declines. Start back testing collect multiple sample sets with this trade plan. If you're unclear about some of the process, rewatch the
49 00:09:38 --> 00:09:40 lessons for this particular price action model.
50 00:09:42 --> 00:09:51 I will provide sample sets but do not rely or wait for mine dig into your charts and study what was provided here. This is our algorithmic theory lecture and
51 00:09:51 --> 00:10:04 discussion on model number eight. Obviously this is aiming for a 6% trading model and try To build a career on 25 pips per week now, this could be 25
52 00:10:04 --> 00:10:21 handles, or 25 ticks in index futures. So don't think it's limited, obviously to Forex is not but having a very low threshold objective for the week. There's
53 00:10:21 --> 00:10:30 lots of ways to do it. You can do for instance, let's speak in terms of the index futures market. Not that we'll deal with that entirely through this
54 00:10:30 --> 00:10:46 lecture. But let's assume for a moment we're discussing and focusing on Emini, s&p, or E Mini NASDAQ, you could look for 20 Hot handles for the week. And trade
55 00:10:47 --> 00:11:00 with a low end objective, to try to capture just five handles per day. And try to zero in on a session for each one of those days, Monday through Friday. And
56 00:11:01 --> 00:11:12 whichever session proves to be more likely to provide a setup similar to this, you can do that, with five handles, take the five handles and move to the
57 00:11:12 --> 00:11:26 sidelines. And you don't have to have a big, huge time expenditure doing it, you don't sit in front of the charts for hours, you don't have to be in front of the
58 00:11:26 --> 00:11:38 charts all day. And capture your five handles move to the sideline, and you build your five per day, at five days per week, it's 25 handles for the week.
59 00:11:39 --> 00:11:56 And you can do extremely low, low low low risk with micro accounts. So the micro account allows you to do extremely, very small risk per trade. Now you can also
60 00:11:57 --> 00:12:12 do this in the scope of one trade. One setup that frames a logical 25 pips or 25 handles or 25 ticks. If you're going to be using ticks as your measurement. I
61 00:12:12 --> 00:12:23 want you to think about how you can utilize a set number of either pips or points or ticks that you're capable and you feel confident you gonna be able to
62 00:12:23 --> 00:12:35 do consistently, because we remember when I first started teaching on baby pips almost 12 years ago or so that think about that 12 years, it's gone by quick,
63 00:12:36 --> 00:12:55 the idea of looking for 25 pips per week and trying to capture 6% return each month in a net with double the account over the course of a year. So I'm
64 00:12:55 --> 00:13:10 interested in the folks that are on my Twitter feed. I posted a poll yesterday, asking them, and obviously it's about 37,000 people, not all 37,000 people are
65 00:13:11 --> 00:13:23 members in this community, obviously. And most of them are probably very new, just discovered me. I asked them all to click on the poll, let me know what
66 00:13:23 --> 00:13:36 their annual salary is. Is it under 50,000? A year? Is it over 50,000, but under 100,000? Or is it over 100,000? That's okay, three choices. And predominantly,
67 00:13:37 --> 00:13:47 you'll see the majority of all of the poll results show less than 50,000 out here. But the same individuals believe that they're going to try to make
68 00:13:48 --> 00:14:04 400 500,000 million dollars in a year. Usually with 100 our account, not likely. So if the same people would think about doubling their account over the course
69 00:14:04 --> 00:14:15 of a calendar year, and thinking modularly, because when you're first starting out, you're not going to be able to go out there and hit 25 pips a day, you're
70 00:14:15 --> 00:14:24 just not going to, or 25 handles a day, you simply don't have the experience to do it. And you're going to wrestle with that impulsive nature that you're
71 00:14:24 --> 00:14:31 fearing, you're going to miss the real move. And if you don't get in right now you're going to miss it. And you'll argue with yourself and I can be a little
72 00:14:31 --> 00:14:41 bit early. If it goes against me a little because I'm early I can I can deal with that. when really you're creating that opportunity for poor habit building.
73 00:14:42 --> 00:14:51 You want to go in with a very specific logic in mind what you're looking for, why should it form and framed on net weekly range expansion. Now, in this
74 00:14:51 --> 00:15:04 example, I'm going to share with you in this lecture, I want you to think about how it To begin the week, we don't necessarily know right away. If our weakened
75 00:15:04 --> 00:15:15 analysis is going to be on point, now, it didn't let it go into great detail about what I think personally, a forex pair is going to do. Because I don't know
76 00:15:15 --> 00:15:21 what some of these gaps going to do, I don't know if it's going to open unchanged, I don't know. If there's gonna be something that comes out over the
77 00:15:21 --> 00:15:34 weekend, it changes the entire delivery of price. So we have to wait and see what happens. So you can use this model, and never trade on a Monday. Even
78 00:15:34 --> 00:15:44 though Monday, Tuesday and Wednesday are the ideal trades, or trading days. You can elect to let Monday which is what I've done a lot by teaching, but publicly
79 00:15:44 --> 00:15:57 in this mentorship is to let Monday trade without you, it gives you Intel, okay. And that way we get a feel for what it's likely to do. And then either
80 00:15:57 --> 00:16:10 participate in Tuesday and or Wednesday, with the expectation of knowing, with more intel more data, more price action from Monday, what it's likely to do
81 00:16:10 --> 00:16:17 relative to that weekly chart candlestick is it going to be expanding higher or lower? Again, we're not trying to predict the close of the weekly candle, we're
82 00:16:17 --> 00:16:29 just trying to see where is the range expansion likely to occur. And I can't want to talk a little bit about it over the context of the British pound versus
83 00:16:29 --> 00:16:40 US dollar. But before I get into it, if you recall, in our recent commentaries, I've had your attention on this city here. And it's from April 26 2022. So you
84 00:16:40 --> 00:16:50 can find on your charts that way, the subsequent charts, you'll see these levels here, and I want you to know where they're linked to. That Alright, so I
85 00:16:50 --> 00:16:59 mentioned how we were likely to trade up into that before happened, run the buy stops over here and fill in this area here. That was the more refined imbalance.
86 00:17:00 --> 00:17:11 Because you can see the hourlies here, from here to there, but it's refined on that 15 minute timeframe. Notice how we traded up into it, going into that level
87 00:17:11 --> 00:17:24 here and then it broke away from an aggressively then we had to institutional warfighting drills here, it broke heavy. So this high this low, and then trying
88 00:17:24 --> 00:17:40 to get through these levels, it failed. Took out this swing low. So now we have to at least give the measure of possibility that maybe this thing is going to
89 00:17:40 --> 00:17:49 expand to the downside. You may have had a bullish bias going into the week, or maybe you had a neutral bias, okay, you didn't know what to expect. But you have
90 00:17:49 --> 00:18:00 to look at what price is showing you. So in here, we're going to use this logic that we've already moved away and repelled from that Sydney, that's over here.
91 00:18:01 --> 00:18:16 We've already cleared by side, and it has an unwillingness to go higher in its snap lower. So we're gonna use that logic inherent on a five minute chart. So
92 00:18:16 --> 00:18:29 when we're sitting in looking at the charts, we're trying to obviously work inside of the idea of not predicting prices closing value, but we're looking for
93 00:18:29 --> 00:18:40 volatility with a predetermined directional bias. And that bias doesn't need to remain the same throughout the entire week. We just need one trading session to
94 00:18:40 --> 00:18:52 be in alignment with what we expect that weekly candle to do. So for someone that's a hardline critic that won't seem like makes any sense, you know, what's
95 00:18:52 --> 00:18:58 the point of that looking at the weekly chart or candlestick if you're only gonna be looking at for one session, because if you're going to be participating
96 00:18:58 --> 00:19:09 in what you are, hopefully going to be correct in your analysis with the weekly range expansion being correctly decided by your analysis. So onwards, we're
97 00:19:09 --> 00:19:21 gonna say it's bearish here. The likelihood of one session or one day offering a large range is always there. So that's all we're trying to capitalize with this
98 00:19:21 --> 00:19:33 model. That's it. That's all we're looking for. We don't need the full range either. So if you've noticed that we've taken out lows here, we retraced now
99 00:19:33 --> 00:19:38 notice it didn't take out these highs. What did it do? It broke once more here.
100 00:19:40 --> 00:19:52 So we've taken out relative equal lows here. It could have rallied up and taken out by side it didn't do that. Once more broke lower, look outside again and
101 00:19:52 --> 00:20:05 then rallied up into a fair Vega optimal trade entry there Are New York session weekly range is likely to expand why because we've already shown that was
102 00:20:05 --> 00:20:17 unwilling to go any higher than the old city and it took a higher timeframe pool of liquidity that was by side. So it's likely to do what expand lower. So if
103 00:20:17 --> 00:20:29 you'd use that logic and also incorporate SMT so we're using some intermarket relationships here to beef it up $1 lower low. That's what we're showing here.
104 00:20:29 --> 00:20:46 This has been plotted on dollars low value, when GBP made a lower high. So we have dollar index s&p divergence, or USD x s&t. So if we have this high, relates
105 00:20:46 --> 00:20:58 to this low in dollar, in this high in cable related to this low in dollar dollar went lower there respectively. Whereas, cable should have went higher
106 00:20:58 --> 00:21:11 than his high here, but went lower at a time when it's optimal trade entry. So, using this model and their logic, we can say, Okay, well I'm gonna look at going
107 00:21:11 --> 00:21:32 short. Rebeck here, for our fair pay get plus one pip pet using stop PIP better so above the high. So zoomed in here so we can have a better feel for what we'd
108 00:21:32 --> 00:21:43 be looking for. The logic is, we want to be able to see if we can get a run from here to take out the sell side below here. How far? Well we can reach down 1020
109 00:21:44 --> 00:22:01 pips below that. And we're going to frame it with hypothetical 5000 IRA account. And you're risking 1%, that's $50. Okay, five, zero. And using that stop loss
110 00:22:01 --> 00:22:15 here and entry here, reaching down below, about 20 pips or so but plus the spread, fluffing it up a little bit, that would give us a three minute return,
111 00:22:15 --> 00:22:32 or 6%. So one trade right here, 6%. You don't need all this. And it's an easy logical setup. And once you get this, then you move to the sidelines and you
112 00:22:32 --> 00:22:44 wait and trade another setup the following week. And if you just do that, you'll outperform any of the fund managers that are bandied about as the upper echelon,
113 00:22:44 --> 00:22:58 not really doing all that much. So this model, in my opinion, is one that all students should start with as a goal, try to do this one. And if you can be
114 00:22:58 --> 00:23:07 consistent about finding one setup, executing on one setup, and then stopping for the week. I posted this morning on my Twitter feed and said that there
115 00:23:07 --> 00:23:17 should be no more trading this week and to test yourself to all the viewers and students not to engage the rest of the week. And I know 95% of the thought more
116 00:23:18 --> 00:23:34 are gonna fail that they're already probably 2030 trades in for today. So for the benefit of teaching yourself discipline, and also being consistent, knowing
117 00:23:34 --> 00:23:44 what you're looking for, taking it in and moving to the sidelines and not doing anything else. Now. Does that mean you can't tape read? Or study price action?
118 00:23:44 --> 00:23:53 No. But as far as pushing a button and executing your demo account, don't that this should be your first model to practice with, regardless of how you want to
119 00:23:53 --> 00:24:04 trade. Because this will help you with discipline. Discipline is one of the most important, overlooked, underrated characteristic of a developing student. You
120 00:24:04 --> 00:24:12 don't think it matters to them until they start messing around and realizing that they're not finding any consistency because they're lacking discipline. And
121 00:24:12 --> 00:24:23 discipline is something that's forged. I can give you exercises and things to help forge that. But unless you put it to task and hold yourself to it, you'll
122 00:24:23 --> 00:24:35 never learn discipline. Okay? So it's not about have a lot of money being risk, because 50 bucks from entry here to just about this high 50 hours is nothing
123 00:24:35 --> 00:24:47 most of you are probably spending more on gas to fill your gas tank up now to risk that 50 hours in a trade. But how many tanks gas can you pay for if you're
124 00:24:47 --> 00:25:01 taking 300 hours out of that move? That's how you need to be thinking about it. So while this isn't the be all end all model, I believe It's something that all
125 00:25:01 --> 00:25:11 of you should work with. And here's the thing, you can use this as a exercise each week, not that this is going to be your model, but you should go in every
126 00:25:11 --> 00:25:18 single week with a bullet point list of things that try to practice and keep yourself good at. I do this very thing every single week. And sometimes I'm
127 00:25:18 --> 00:25:29 showing the actual example of me dealing it just they honed in on price with my little vignettes, some of the trades I'm taking, for based on this type of idea,
128 00:25:29 --> 00:25:40 you know, I'm trying to capture about 25 handles in the index futures. Do the math on how many I'm taking out, my son just recently did the other day. And he
129 00:25:40 --> 00:25:53 captured like 700 hours, one contract and a NASDAQ. And he was thinking, well, this is going to be my, my bread and butter type setup. Is it 25 handles? No.
130 00:25:54 --> 00:26:07 But he felt confident that that number of handles, that's what he could do. And that's what he's trying to frame his model on. You're gonna find that doing this
131 00:26:07 --> 00:26:17 over time, will build confidence in your ability to find setups, even when your choice model, perhaps the one shot one kill, which is model number nine, maybe
132 00:26:17 --> 00:26:28 that is your cup of tea, but you want to start at least doing this initially. And then even throughout your career, always get in the habit of looking for
133 00:26:28 --> 00:26:34 these types of setups, because this is going to build confidence. Even if you have a losing trade, or you have a period of losing trades, and you have some
134 00:26:34 --> 00:26:46 drawdown, these are the reminders that this stuff works. And you just did it wrong, once or twice, or maybe a series of trades and discipline. Okay, the
135 00:26:46 --> 00:26:56 ability to stop trading. Once you find one of these, you stopped for the week, that discipline is what you're going to lean on. When you have a losing see
136 00:26:56 --> 00:27:06 series of trades where it's 123, maybe four trades, you've had a loss on, you're going to lean on the benefit of the discipline you forged by saying I don't have
137 00:27:06 --> 00:27:16 to go in again. And that will help you stop the bleeding. Stop the drawdown. Go back and look at your journal, go back and look at all the times that you use
138 00:27:17 --> 00:27:27 these concepts and they worked. And it'll build you up psychologically and emotionally, to see your annotations, your own logic, in your own words in the
139 00:27:27 --> 00:27:39 chart and your own examples in the past where you've taken federal account trades, it will help you get through those periods. So by having a routine each
140 00:27:39 --> 00:27:52 week of doing something, always with the mindset of improving this model here is beautiful for that. Because even if this is all you ever get to be in terms of a
141 00:27:52 --> 00:28:02 consistently profitable trader, if you can only just make 6% a month. Don't let anybody tell you, that is not good enough. That is a phenomenal rate of return.
142 00:28:03 --> 00:28:13 It's ridiculous. Unfortunately, you know, especially as a charter member, now you know how easy that is in terms of a threshold. The problem is knowing it's
143 00:28:13 --> 00:28:22 easy, and then being impatient to wait for the setup with the right framework, like I'm showing you here. That's the hard part because you want to get in to
144 00:28:22 --> 00:28:31 get it over with because you want to win. And or once you get in, you need to get out right away and you'll grow impatient, and you won't hold the trade to
145 00:28:31 --> 00:28:38 your objective. You start questioning what happens if it turns around. I don't want to have illusions, right? So all those things are fixed by this model
146 00:28:38 --> 00:28:51 because not only is an applicable model for equity growth, but it's perfect for practicing and honing in grooming yourself for a long term career. So please
147 00:28:51 --> 00:28:53 submit insightful and I'll talk to you next time. Be safe