001-ict-tw-spaces-2025-03-14-Feer-and-Greed-The-Ties-That-Bind
Last modified by Drunk Monkey on 2025-04-13 07:07
1 | 00:00:00 --> 00:00:04 | ICT: Alright, so today it's going to be a brief one, and I usually do that with |
2 | 00:00:04 --> 00:00:09 | tongue in cheek. It ends up becoming a marathon. I assure you it's not going to |
3 | 00:00:09 --> 00:00:11 | be that way today. Okay, want to |
4 | 00:00:12 --> 00:00:20 | talk a little bit about fear and greed and the ties that bind all of us have |
5 | 00:00:20 --> 00:00:25 | reason to be thankful that we woke up today. All of us have a reason to be |
6 | 00:00:25 --> 00:00:30 | appreciative that we've been given another day of opportunities. And for |
7 | 00:00:30 --> 00:00:34 | the moment, while we're talking together, or while I'm talking to you, I |
8 | 00:00:35 --> 00:00:42 | want you to think about today as a daily candle, like we all do in charts, when |
9 | 00:00:42 --> 00:00:49 | you woke and got yourself out of sleep, whatever time that was that started your |
10 | 00:00:49 --> 00:01:00 | day, that daily candle of productivity, what you're going to do the most maximum |
11 | 00:01:00 --> 00:01:06 | level of productivity. That's the high of your daily candle, and the low of |
12 | 00:01:06 --> 00:01:09 | your daily candle is the least that you did. |
13 | 00:01:12 --> 00:01:17 | Not everybody, unless you're in depression, unless you're inebriated, |
14 | 00:01:17 --> 00:01:22 | intoxicated, everybody wants to have a bullish candle in life. Everybody wants |
15 | 00:01:22 --> 00:01:28 | to have maximum output, maximum results, maximum benefit, maximum yield for |
16 | 00:01:28 --> 00:01:29 | investment. |
17 | 00:01:31 --> 00:01:35 | But not every day provides that sometimes the narrative that we think |
18 | 00:01:36 --> 00:01:42 | our daily candle is going to unfold under gets disrupted, manually |
19 | 00:01:42 --> 00:01:51 | intervened, if you will. And at the end of the day, when you go to sleep, that |
20 | 00:01:51 --> 00:01:58 | closes your daily candle. My question to you is this, last night, when you went |
21 | 00:01:58 --> 00:02:04 | to sleep, did you feel like you were uneasy about anything. Did you worry |
22 | 00:02:04 --> 00:02:10 | about the high of yesterday's daily candle and your personal productivity, |
23 | 00:02:10 --> 00:02:20 | the things that you didn't do and the things that you did do? Now, for most |
24 | 00:02:20 --> 00:02:28 | people in trading, they're wrestling continuously with fear and greed, and |
25 | 00:02:28 --> 00:02:37 | those two pillars of adversity in every aspect of success, not just in trading, |
26 | 00:02:39 --> 00:02:48 | fear and greed are two paralyzing enemies. They'll hold you back if you |
27 | 00:02:48 --> 00:02:54 | allow them. And so few in this world know how to master them, conquer them, |
28 | 00:02:54 --> 00:03:00 | and then use them as weapons at their disposal. And I'll talk a little bit |
29 | 00:03:00 --> 00:03:04 | about that and how you can do that, but first you have to identify them as the |
30 | 00:03:04 --> 00:03:08 | adversaries that they are, and where they do their most effective |
31 | 00:03:09 --> 00:03:15 | disruptions, where they hold you back, where they blind you, where they keep |
32 | 00:03:15 --> 00:03:20 | you from seeing opportunities. When they take from you, like vampires, it sucks |
33 | 00:03:20 --> 00:03:24 | the life and the creativity and the passion and the hope and the direction |
34 | 00:03:25 --> 00:03:31 | and the desire to do anything at all, because it's easy seen in trading more |
35 | 00:03:31 --> 00:03:40 | than anything else, the paralyzing grip that fear and greed implement. Think |
36 | 00:03:40 --> 00:03:48 | about today you woke up that started your daily candle. If you don't have a |
37 | 00:03:48 --> 00:03:56 | plan of what you're going to do today before you woke up, you have no idea |
38 | 00:03:56 --> 00:04:01 | what you're going to do. You're going to be chasing price in everyday life, |
39 | 00:04:01 --> 00:04:06 | whatever gets your attention right now, when you're younger, as a child, like on |
40 | 00:04:06 --> 00:04:12 | a Saturday morning, it used to be every channel had cartoons, and you'd wake up |
41 | 00:04:13 --> 00:04:17 | and you'd run to the TV, turn it on, pull your bowl of cereal out in front of |
42 | 00:04:17 --> 00:04:20 | you, and just vegetate on channels, surfing, going for one channel, The |
43 | 00:04:20 --> 00:04:23 | next, looking to the next looking into the next cartoon the next thing. Sports |
44 | 00:04:23 --> 00:04:26 | fanatics on the weekend do the same thing. They jump from one thing to the |
45 | 00:04:26 --> 00:04:31 | next. What game? What game? What game looking here's my attention. Seize It. |
46 | 00:04:31 --> 00:04:41 | Take it over. Steal my productivity. Today you woke up. What plan did you |
47 | 00:04:41 --> 00:04:45 | have to implement to see the high of today's daily candle in your personal |
48 | 00:04:45 --> 00:04:53 | productivity at the highest level? What did you plan to do that with? What did |
49 | 00:04:53 --> 00:05:01 | you do yesterday before you went to sleep, to give yourself. Off something |
50 | 00:05:01 --> 00:05:07 | to strive for, and also be aware of where these two adversaries are going to |
51 | 00:05:07 --> 00:05:17 | be waiting to ambush you, fear and greed. Sadly, most people in life, the |
52 | 00:05:17 --> 00:05:23 | unsuccessful individuals that delegate themselves to working for the man with |
53 | 00:05:23 --> 00:05:30 | Carl and the likes of them. For some people, that's okay, and guess what, if |
54 | 00:05:30 --> 00:05:34 | you're taking care of your family, there's nothing wrong with that. But I'm |
55 | 00:05:34 --> 00:05:40 | talking to an audience that sees beyond that as that's not enough, and that's |
56 | 00:05:40 --> 00:05:45 | not greed. Everybody should aspire to do better, because if you're doing better, |
57 | 00:05:45 --> 00:05:49 | that means that you should be providing better for your family. And there's no |
58 | 00:05:49 --> 00:05:58 | sin in that. Your maximum productivity, the most that you could get done today, |
59 | 00:05:59 --> 00:06:05 | that that is where greed is waiting to ambush you. I'll |
60 | 00:06:07 --> 00:06:12 | talk a little bit about more about that in a moment. But the lowest productivity |
61 | 00:06:12 --> 00:06:17 | for today, the low of your daily candle, the least of which that you got done |
62 | 00:06:18 --> 00:06:23 | today before you go to sleep and you close this daily candle, that's the |
63 | 00:06:23 --> 00:06:30 | least that you got done in the 24 hours, or whatever waking hours that you spend |
64 | 00:06:30 --> 00:06:37 | between waking and going to sleep today. That's your daily range. That's all |
65 | 00:06:37 --> 00:06:44 | you've given yourself time to do. And you have to submit. You can't control |
66 | 00:06:44 --> 00:06:49 | every aspect of life. Anyone that tries to do that, and I know this personally, |
67 | 00:06:50 --> 00:06:53 | when you try to master everything that's going to happen in your life, and you |
68 | 00:06:53 --> 00:06:57 | want to hold everybody else to the same regimen and the same schedule that |
69 | 00:06:57 --> 00:07:04 | you're forcing yourself to go through, that creates anxiety. You have to |
70 | 00:07:04 --> 00:07:09 | identify what you can control. You have to pick your shots in that daily range |
71 | 00:07:09 --> 00:07:14 | of time. When are you going to operate? How are you going to filter out all |
72 | 00:07:14 --> 00:07:22 | these things around your personal life, your relatives, your employees, your co |
73 | 00:07:22 --> 00:07:26 | workers, co students, if you're in university, your spouse, your |
74 | 00:07:26 --> 00:07:32 | significant other, your children, or like me as a pet parent, I have pets. I |
75 | 00:07:32 --> 00:07:35 | have dogs. They're like children that never grow up, and they always have to |
76 | 00:07:35 --> 00:07:40 | be taken care of. So I have to manage my day with those things, you know, |
77 | 00:07:40 --> 00:07:48 | encompassing how I'm going to do what I'm going to do. You have to plan for |
78 | 00:07:50 --> 00:07:55 | the manipulation, for things that just pop up out of nowhere, but you shouldn't |
79 | 00:07:55 --> 00:08:02 | be fearful that I might blow a tire, I might have an accident driving to work. |
80 | 00:08:02 --> 00:08:06 | I may have something go wrong with my plumbing, my water heater may go up. |
81 | 00:08:06 --> 00:08:13 | Nobody wakes up and worries about those things on the regular. But being someone |
82 | 00:08:13 --> 00:08:18 | that has a plan of action, should those things take place, you're not going to |
83 | 00:08:18 --> 00:08:25 | freak out. So you make a plan to do what you can when you can do it. That's your |
84 | 00:08:25 --> 00:08:33 | kill zones, that's your operating hours of your daily range, and you only worry |
85 | 00:08:33 --> 00:08:38 | about those primary functions and responsibilities during that time, and |
86 | 00:08:38 --> 00:08:46 | then you let go of it when you're done, you don't go on the social media and |
87 | 00:08:46 --> 00:08:53 | spend more time looking for opinions, looking for my satisfaction in the atta |
88 | 00:08:53 --> 00:08:59 | boy at a girl in the pedal back. You find satisfaction in the fact that you |
89 | 00:09:00 --> 00:09:04 | spent the time that you allowed allocated for and then you spent the |
90 | 00:09:04 --> 00:09:08 | time productivity through the roof because you filtered out everything |
91 | 00:09:08 --> 00:09:20 | else. The low of the daily range for today, this is the lowest that you could |
92 | 00:09:20 --> 00:09:27 | possibly get done. That's not a bad thing. That's not a that's not a bad |
93 | 00:09:27 --> 00:09:34 | thing. That's a today, right now thing you made me wake up and you had great |
94 | 00:09:34 --> 00:09:37 | aspirations to get things done. I want to clean the house. I'm going to |
95 | 00:09:37 --> 00:09:41 | straighten my office up. I want to put up a new trading system, new get up, new |
96 | 00:09:41 --> 00:09:47 | gear, new monitors, everything I'm I'm revamping everything. And then your |
97 | 00:09:47 --> 00:09:54 | while your wife or your husband says, Honey, I need you to do and that takes |
98 | 00:09:54 --> 00:10:00 | precedence over everything else, or it will start arguments. And. You have to |
99 | 00:10:00 --> 00:10:05 | manage your life to keep those types of things out of it, because drama online |
100 | 00:10:05 --> 00:10:11 | is life sucking, energy sucking, and in your personal relationships, it will |
101 | 00:10:11 --> 00:10:16 | mess you up in your trading, it would completely wreck your focus. You will |
102 | 00:10:16 --> 00:10:20 | not be able to perform optimally, because you know you have hurt the other |
103 | 00:10:20 --> 00:10:26 | person you're with, or you have left them to wait for your personal desire to |
104 | 00:10:26 --> 00:10:30 | be done, and you're neglecting them. There has to be a balancing there. If |
105 | 00:10:31 --> 00:10:36 | you don't balance home life, trading life is going to suck. It's absolutely |
106 | 00:10:36 --> 00:10:46 | going to suck, but the low of your day today needs to be pre defined. This is |
107 | 00:10:46 --> 00:10:54 | what I hope I get done at least remember the maximum productivity, the things |
108 | 00:10:54 --> 00:10:57 | that you want to get done today before you lay your head down to go to sleep, |
109 | 00:10:58 --> 00:11:03 | that that highest point of the daily range for your productivity is the |
110 | 00:11:03 --> 00:11:09 | maximum things that you could get done, given that 100% you're dialed in, no |
111 | 00:11:09 --> 00:11:16 | distractions, no standing in the way, no obstacles. And greed is going to say |
112 | 00:11:16 --> 00:11:20 | that's not enough. I got all my things done and I want to do a little bit more, |
113 | 00:11:20 --> 00:11:24 | and that's where it reads, waiting to ambush you. You're not going to be |
114 | 00:11:24 --> 00:11:32 | content with enough because you didn't plan for enough. The low of your daily |
115 | 00:11:32 --> 00:11:37 | range is the least that you get done, and you're going to be content with that |
116 | 00:11:37 --> 00:11:47 | if, if you're thinking correctly, if you're not what adversary is waiting for |
117 | 00:11:47 --> 00:11:53 | you at that reflection at the end of the day, before you go to sleep, fear. Fear |
118 | 00:11:56 --> 00:12:02 | is waiting to ambush you. It wants to take sleep and rest and contentment away |
119 | 00:12:02 --> 00:12:06 | from you, because it's going to rise its ugly head and say when you lay your head |
120 | 00:12:06 --> 00:12:12 | down tonight. Yeah, you may have got this done. Yeah, you might have done |
121 | 00:12:12 --> 00:12:18 | that, but you didn't do this. Remember how you wanted to do this? Remember that |
122 | 00:12:18 --> 00:12:22 | one person on the internet that said you couldn't do something, and you thought |
123 | 00:12:22 --> 00:12:28 | to yourself, I'm going to do it just to show them. And you didn't do it. You |
124 | 00:12:28 --> 00:12:34 | didn't do it. So you really didn't do enough, did you? And you're going to be |
125 | 00:12:34 --> 00:12:40 | fearful that in other people's eyes that don't really care about you, they don't |
126 | 00:12:40 --> 00:12:45 | want to see you succeed. They do not want to see you doing better than them. |
127 | 00:12:45 --> 00:12:48 | So they're going to try to take your attention away from what you should be |
128 | 00:12:48 --> 00:13:00 | focusing on, so you fail or you stay slowed down. And if you allow it, it'll |
129 | 00:13:01 --> 00:13:05 | steal your joint. It'll steal your contentment. It'll bleed over into the |
130 | 00:13:05 --> 00:13:11 | next day, and you'll worry about yesterday's daily candle. See, |
131 | 00:13:11 --> 00:13:16 | yesterday's daily candle had the same type of things, what you did yesterday |
132 | 00:13:16 --> 00:13:22 | at the highest level of productivity, that's your high that's what you got |
133 | 00:13:22 --> 00:13:32 | done. But see it flips here. Yesterday's most productivity fears waiting for you |
134 | 00:13:32 --> 00:13:37 | there. Same thing you're going to feel like yesterday. What you did yesterday |
135 | 00:13:37 --> 00:13:47 | wasn't enough. Wasn't enough, and the low of everything that you got done, |
136 | 00:13:49 --> 00:13:56 | greed is going to say you should have done more. You should have done more. |
137 | 00:13:59 --> 00:14:05 | Sure, sure sure you saw somebody online. They inspired you to take a trade. Oh, |
138 | 00:14:06 --> 00:14:11 | this guy on the internet has been pretty consistent about where he says going to |
139 | 00:14:11 --> 00:14:17 | go look at that. It went there. He stopped talking. He's no longer giving |
140 | 00:14:17 --> 00:14:22 | any opinion about what's going to happen. But I got time. I got time my |
141 | 00:14:22 --> 00:14:28 | accounts were going to be traded here, let me just go and do it, because I |
142 | 00:14:28 --> 00:14:35 | didn't do enough instead of waiting for another day of opportunity. Not being |
143 | 00:14:35 --> 00:14:42 | impulsive, that's a superpower being patient. That's a superpower as a |
144 | 00:14:42 --> 00:14:52 | trader, tomorrow's Daily candle, tomorrow's Daily candle, much like we |
145 | 00:14:52 --> 00:14:55 | talked about today's candle and yesterday's candle for productivity, |
146 | 00:14:57 --> 00:15:04 | tomorrow, what you're aiming to do is what. You can do realistically, given |
147 | 00:15:04 --> 00:15:09 | all optimal things, the All things being equal, nothing unforeseen that comes in |
148 | 00:15:09 --> 00:15:16 | and causes complete disruption. This is what you plan to do, and that's all that |
149 | 00:15:16 --> 00:15:21 | you need to get done. And you will have a good, productive, highly optimal |
150 | 00:15:21 --> 00:15:29 | outcome for the day. And guess what that does? If you limit yourself to what you |
151 | 00:15:29 --> 00:15:34 | know you realistically can do, you're not out here saying I'm going to make |
152 | 00:15:34 --> 00:15:40 | 200 handles in in queue. I want to do it, and because I want to do it, I |
153 | 00:15:41 --> 00:15:48 | should be able to do it. You don't do that. Don't do that. You're looking for |
154 | 00:15:48 --> 00:15:54 | one good setup that your risk can be defined in low percentage, in high odds, |
155 | 00:15:54 --> 00:15:59 | likelihood, low resistance, liquidity conditions, waiting for time of day, |
156 | 00:16:00 --> 00:16:03 | aiming for easy draw on liquidity. It's obvious, |
157 | 00:16:04 --> 00:16:11 | and you get that and you stop, and you discover what contentment feels like. |
158 | 00:16:12 --> 00:16:15 | Because you hit your goal, your productivity goal, you've made money, |
159 | 00:16:16 --> 00:16:20 | you manage risk, and no one can say anything bad about it. So why would you |
160 | 00:16:20 --> 00:16:26 | offer it to the social media, nobody's gonna agree with you that you should |
161 | 00:16:26 --> 00:16:30 | have just stopped there. Why didn't you trade at this point? Why didn't you hold |
162 | 00:16:30 --> 00:16:34 | on to it this long? Why did you only trade that many contracts? Why didn't |
163 | 00:16:34 --> 00:16:36 | you trade this market instead? That's what the enemy |
164 | 00:16:36 --> 00:16:41 | does. That's what he does. He creeps in there. Sounds like a friend talking to |
165 | 00:16:41 --> 00:16:45 | you. Give me advice, give me a little nudge, like, Hey, man, that's pretty |
166 | 00:16:45 --> 00:16:47 | good. But why didn't you do this? |
167 | 00:16:51 --> 00:16:58 | By aiming for what you can reach for and easily obtain? You conquer, you master |
168 | 00:16:58 --> 00:17:05 | and subdue greed. That's tomorrow's problem that's easily, easily conquered |
169 | 00:17:05 --> 00:17:15 | by having a plan of action. The low of tomorrow's Daily candle of productivity. |
170 | 00:17:16 --> 00:17:21 | That is where all your time wasting things are going to be, and you need |
171 | 00:17:21 --> 00:17:27 | them to be at the lowest level of your attention, desire or focus. That means |
172 | 00:17:27 --> 00:17:34 | X, Discord, rooms, Instagram, keeping up with the Joneses. What level of drama is |
173 | 00:17:34 --> 00:17:37 | happening today? What did that guy say about that guy? What is she wearing |
174 | 00:17:37 --> 00:17:40 | today? How many times did she show her rear end? But she's still in a gym, but |
175 | 00:17:40 --> 00:17:51 | she ain't got her butt fixed yet. Hello, typical ICT trader response. And when |
176 | 00:17:51 --> 00:17:59 | you master tomorrow's daily range of productivity, when you go to sleep and |
177 | 00:17:59 --> 00:18:04 | you close that daily candle, tomorrow, you're going to sleep soundly. You're |
178 | 00:18:05 --> 00:18:11 | going to sleep so good because you wrestled every demon. You put them under |
179 | 00:18:11 --> 00:18:19 | foot. Your boot is on their neck. Nobody can say you didn't do what you plan to |
180 | 00:18:19 --> 00:18:26 | do. Nobody can tell you that you had all the wrong plan in motion and you didn't |
181 | 00:18:26 --> 00:18:30 | execute. That's an easy way to fall asleep comfortably. You won't worry |
182 | 00:18:30 --> 00:18:35 | about yesterday's candle not being good enough. You didn't do enough, and |
183 | 00:18:35 --> 00:18:38 | because of that, you're going to feel like a failure. You're going to feel |
184 | 00:18:38 --> 00:18:42 | like you missed things. You feel like you didn't do enough. I'm not that |
185 | 00:18:42 --> 00:18:46 | impressive to people going on to social media and looking at me. If I reply to |
186 | 00:18:46 --> 00:18:50 | someone, they're going to ask me, what did you do? What I'm going to be able to |
187 | 00:18:50 --> 00:18:55 | say. You say nothing to them. You don't pay their bills, you don't feed them. |
188 | 00:18:55 --> 00:19:00 | They don't do that for you. Their opinion doesn't matter. It does not |
189 | 00:19:00 --> 00:19:10 | matter. So many of you today, all of you live by the moment to have approval from |
190 | 00:19:10 --> 00:19:15 | people that you don't care about and they don't care about you, but you're so |
191 | 00:19:15 --> 00:19:22 | uncomfortable because you're on organized if you make your day |
192 | 00:19:22 --> 00:19:26 | structured where your focus and attention is not allowed, it's not |
193 | 00:19:26 --> 00:19:32 | allowed to be diverted with Nobodies, you're not giving opportunity invitation |
194 | 00:19:32 --> 00:19:38 | to people that are broke, morally and financially broke, and you're allowing |
195 | 00:19:38 --> 00:19:44 | these people to speak to you to speak into your existence and your time and |
196 | 00:19:44 --> 00:19:50 | steal from you. They're not robbing you. You're passing by willingly. You walk |
197 | 00:19:50 --> 00:19:54 | down that alley. They didn't even ask you for your wallet. You said, You know |
198 | 00:19:54 --> 00:19:58 | what you want. You look like you want all my stuff here. Take it all. Take |
199 | 00:19:58 --> 00:20:02 | everything you want. My shoes. Dollars you want a wallet. Here's my ATM card. |
200 | 00:20:02 --> 00:20:05 | Here's my pin number. Go to the bank. Enjoy yourself. Here's the keys my rod. |
201 | 00:20:05 --> 00:20:12 | Enjoy yourself. That's what social media does, and you don't recognize it, but |
202 | 00:20:12 --> 00:20:17 | you let it discourage you, you let it depress you and steal from you and |
203 | 00:20:17 --> 00:20:22 | divert your attention from the things that you can do, from the things that |
204 | 00:20:22 --> 00:20:29 | you can accomplish that betters you. And that is not selfishness. That is not |
205 | 00:20:29 --> 00:20:38 | selfishness. It is absolutely dialed in focus, principle living. You're saying, |
206 | 00:20:38 --> 00:20:44 | No, you will not have my time. No, you will not have my attention. You bring |
207 | 00:20:44 --> 00:20:49 | nothing to me. You don't build me up. I am not going to give you any more. And |
208 | 00:20:49 --> 00:20:56 | you simply turn them off, and you divert your attention to what do you have to do |
209 | 00:20:56 --> 00:21:05 | right now to make tomorrow better than you are today? It's simple. See |
210 | 00:21:05 --> 00:21:12 | everybody else that doesn't think like this, they look at yesterday, they look |
211 | 00:21:12 --> 00:21:20 | at that with regrets. Yesterday's full of regrets. I saw a student. I woke up |
212 | 00:21:20 --> 00:21:24 | this morning around three o'clock and I was going through the the feed, |
213 | 00:21:26 --> 00:21:29 | and I saw a student say, I I wish I wouldn't have, I wouldn't wish I |
214 | 00:21:29 --> 00:21:32 | wouldn't have taken that trade. I regret this. Never |
215 | 00:21:32 --> 00:21:38 | said that. Never say that. I'm glad I learned this from that experience. You |
216 | 00:21:38 --> 00:21:42 | lost on the trade that you took and you weren't being forced into it by |
217 | 00:21:42 --> 00:21:50 | impulsiveness. Look for the opportunity for you to be improving yourself. Never |
218 | 00:21:50 --> 00:21:58 | speak regret. That's another friend that will hurt you, that'll stab you in the |
219 | 00:21:58 --> 00:22:03 | back, that is not an ally in your vocabulary. You need to remove it when |
220 | 00:22:03 --> 00:22:07 | you're talking about your actions or your your trading, to a retail trader, |
221 | 00:22:07 --> 00:22:11 | to someone that's unorganized, that someone that has no principle, no |
222 | 00:22:11 --> 00:22:18 | direction. Yesterday is always regret for someone that's organized. Yesterday |
223 | 00:22:18 --> 00:22:24 | is Intel and trade plans and key levels to be expected to be used. See the |
224 | 00:22:24 --> 00:22:31 | difference. See the contrast. One's empowering, the other one demoralizing. |
225 | 00:22:31 --> 00:22:39 | It invites defeat. Today's candle in retail is confusion. They have no idea |
226 | 00:22:39 --> 00:22:46 | what's going on in the right and that chart that's the abyss that is the the |
227 | 00:22:46 --> 00:22:53 | dark closet where they know monsters live like you and me. We devour them |
228 | 00:22:53 --> 00:22:59 | because they're stupid, willingly stupid. All this information is out |
229 | 00:22:59 --> 00:23:02 | there for free. They choose not to do anything with it, but they'll make jokes |
230 | 00:23:02 --> 00:23:06 | about it while they're still going to work or in unemployment lines. Make that |
231 | 00:23:06 --> 00:23:16 | make sense. But today, for an informed person, you have a plan of action. We |
232 | 00:23:16 --> 00:23:19 | know what we're doing, when we're going to do it, how we're going to do it, what |
233 | 00:23:19 --> 00:23:21 | we're looking for. Retail has no idea they're gonna react. Well, if it breaks |
234 | 00:23:21 --> 00:23:26 | out, if it does something that starts running, then I'll chase after it. |
235 | 00:23:29 --> 00:23:35 | That's not informing money. That's herd mentality, that's casino mentality, |
236 | 00:23:35 --> 00:23:43 | that's lottery winning, that's crypto mania. Do this a lot, and then I'll |
237 | 00:23:43 --> 00:23:48 | think it's important, I'll chase after it and waste my money to informed money. |
238 | 00:23:48 --> 00:23:56 | Tomorrow is new opportunities, but for retail and people that are un organized, |
239 | 00:23:56 --> 00:24:10 | tomorrow is unknown, and fear and greed grips them, not you, not you, because |
240 | 00:24:10 --> 00:24:15 | you know when you're making time to do the things that you've made a plan of |
241 | 00:24:15 --> 00:24:23 | action for, I know. I know what yesterday's daily high and low is I can |
242 | 00:24:23 --> 00:24:28 | trade inside that range. I don't need it to do anything outside of the high of |
243 | 00:24:28 --> 00:24:33 | yesterday or below the low of yesterday. I don't need that. And I can carve out a |
244 | 00:24:33 --> 00:24:40 | bread winning system to feed my family. You ever think about it like that and |
245 | 00:24:40 --> 00:24:45 | say, I gotta make a lot of money so I can buy a car and fit in with the click |
246 | 00:24:47 --> 00:24:51 | everybody's showing cars. If I don't put out a picture of me buying a car or |
247 | 00:24:51 --> 00:24:56 | going in debt with a depreciating asset, then I'm not going to be looked upon as |
248 | 00:24:56 --> 00:25:01 | someone that's profitable. Let me tell you something. There's a lot of people |
249 | 00:25:01 --> 00:25:05 | on Instagram. They have lots of lease payments. They have lots of things, the |
250 | 00:25:05 --> 00:25:10 | things that they can't do financially to pay for unless they sell mentorships or |
251 | 00:25:10 --> 00:25:14 | they get the revenue from the things that they're doing. And I'm not I am not |
252 | 00:25:14 --> 00:25:18 | dumping on them. That is not the point of what I might to say. I'm saying that |
253 | 00:25:18 --> 00:25:28 | you're being trapped by the illusion. What's more important? You wasting hours |
254 | 00:25:28 --> 00:25:31 | chasing after what everybody else is doing on social media, thinking that's |
255 | 00:25:31 --> 00:25:36 | encouraging you, when it's really not because you want to be them. That means |
256 | 00:25:36 --> 00:25:42 | you're coveting their things. That's why I never show you my stuff, because it |
257 | 00:25:42 --> 00:25:46 | doesn't matter. You're never going to drive my car. I'm never going to there's |
258 | 00:25:46 --> 00:25:52 | nobody ever drove my car, ever. None of my boys have ever drove my cars. My wife |
259 | 00:25:52 --> 00:25:59 | has never drove my cars, period. They're not going to help you. They're not going |
260 | 00:25:59 --> 00:26:02 | to help you make better decisions in your trades, they're not going to help |
261 | 00:26:02 --> 00:26:06 | you find the right fair value gap. They're not going to help you determine |
262 | 00:26:06 --> 00:26:10 | which fair value gap is going to become an inversion fair value gap before it |
263 | 00:26:10 --> 00:26:18 | even gets there. They would distract you. What I spend a week, where I eat, |
264 | 00:26:18 --> 00:26:23 | what I do, none of that's your business. Just like none of what you do is anybody |
265 | 00:26:23 --> 00:26:32 | else's business. How much you make is nobody else's business. You make $5 |
266 | 00:26:32 --> 00:26:37 | million in 16 weeks. You go out and show everybody there's gonna still be people |
267 | 00:26:37 --> 00:26:41 | I would have expected you to have made more money than that. And this is |
268 | 00:26:41 --> 00:26:46 | somebody working at Dunkin Donuts, and you're taking their opinion and you're |
269 | 00:26:46 --> 00:26:50 | carrying it with you all the way to bed, and it's in your head swirling around, |
270 | 00:26:50 --> 00:26:58 | swirling around, stealing productivity, stealing contentment. You need to focus |
271 | 00:26:58 --> 00:27:06 | on yourself, Master fear and greed. It's an easy thing, but you have to plan by |
272 | 00:27:06 --> 00:27:11 | pruning the things that steal from you your attention, your focus. They weigh |
273 | 00:27:11 --> 00:27:18 | you down. How many times a day do you think about things that have not lifted |
274 | 00:27:18 --> 00:27:24 | you up, made you excited about what you're doing. Contrast that with how |
275 | 00:27:24 --> 00:27:28 | many things you thought about that was depressing, focusing on drama. This |
276 | 00:27:28 --> 00:27:32 | person's getting this done to them. This person's talking about that one. This |
277 | 00:27:32 --> 00:27:35 | one can't do this. This one can do this better than that one. How does that have |
278 | 00:27:35 --> 00:27:41 | anything to do with your bottom line? How does that have anything to do with |
279 | 00:27:41 --> 00:27:47 | your productivity, except for making it less productive? How much is your time |
280 | 00:27:47 --> 00:27:57 | worth? I mean, really, what are you saying about your personal time? It's so |
281 | 00:27:58 --> 00:28:04 | cheap, inexpensive. Did you get thrown around to all these Nobodies, letting |
282 | 00:28:04 --> 00:28:08 | other people dictate and grade your productivity, where you are, at your |
283 | 00:28:08 --> 00:28:16 | progress, your prowess as a trader. These people don't matter. I don't |
284 | 00:28:16 --> 00:28:19 | matter once you learn how to do this. I don't want you to come back to my |
285 | 00:28:19 --> 00:28:27 | content. That's the whole point of how I teach. I don't tether you to me. I raise |
286 | 00:28:27 --> 00:28:31 | you up, teach you how to fly, and then I kick you in the rear end boot. You got |
287 | 00:28:31 --> 00:28:41 | the nest and goodbye, fly. You're not on an everyday payment system with me. You |
288 | 00:28:41 --> 00:28:45 | come here. You listen to me. If you get something of value. God bless you good. |
289 | 00:28:45 --> 00:28:53 | Hope it serves you well. That's all. You're here for nothing extra. What can |
290 | 00:28:53 --> 00:28:59 | you take away to get your plan of action moving along more efficiently? How can I |
291 | 00:28:59 --> 00:29:05 | avoid making the same mistakes that ICT has made. That's why I talk to you in |
292 | 00:29:05 --> 00:29:12 | long winded portions of the video, because you can't see the danger and the |
293 | 00:29:12 --> 00:29:17 | hazard just around the bend that you haven't got to yet. But I've been there |
294 | 00:29:17 --> 00:29:23 | multiple times. I have coping skills and procedures and protocols to avoid |
295 | 00:29:23 --> 00:29:29 | wrecking. You don't because you've never been there before, but you want to say |
296 | 00:29:30 --> 00:29:35 | You talk too much, bro, if I see that stuff, you're being blocked because |
297 | 00:29:35 --> 00:29:39 | you're literally a waste of my time. I don't even want to look at your message, |
298 | 00:29:39 --> 00:29:44 | just the fact that I spent a second looking at your nonsense is a waste of |
299 | 00:29:44 --> 00:29:54 | my time. Look around, folks, look around. Is it expensive enough yet for |
300 | 00:29:54 --> 00:30:02 | you? I'm rich, and I hate how much things cost now. It sucks. And every |
301 | 00:30:02 --> 00:30:06 | team I go to the store, I think about all of you that are coming up in this |
302 | 00:30:06 --> 00:30:12 | you haven't made it yet. If you learn to do it well right now, you're going to be |
303 | 00:30:12 --> 00:30:16 | so much more better than you ever imagined, because you're wrestling with |
304 | 00:30:16 --> 00:30:23 | things that everybody is wrestling with too making ends meet, everybody's upset, |
305 | 00:30:24 --> 00:30:31 | division everywhere. The procedure and the solution to that is cut it all out. |
306 | 00:30:32 --> 00:30:39 | Cut it all out. Focus on you and your family. Focus on development and leave |
307 | 00:30:39 --> 00:30:45 | it to that. You got to go ghost mode. Cut everything out. You're not on social |
308 | 00:30:45 --> 00:30:52 | media. Talk to nobody. There it is. That's it. We're done. You. |