Wiki source code of 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
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2 | |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 | ||
3 | |2 |00:00:04 ~-~-> 00:00:09 |tongue in cheek. It ends up becoming a marathon. I assure you it's not going to | ||
4 | |3 |00:00:09 ~-~-> 00:00:11 |be that way today. Okay, want to | ||
5 | |4 |00:00:12 ~-~-> 00:00:20 |talk a little bit about fear and greed and the ties that bind all of us have | ||
6 | |5 |00:00:20 ~-~-> 00:00:25 |reason to be thankful that we woke up today. All of us have a reason to be | ||
7 | |6 |00:00:25 ~-~-> 00:00:30 |appreciative that we've been given another day of opportunities. And for | ||
8 | |7 |00:00:30 ~-~-> 00:00:34 |the moment, while we're talking together, or while I'm talking to you, I | ||
9 | |8 |00:00:35 ~-~-> 00:00:42 |want you to think about today as a daily candle, like we all do in charts, when | ||
10 | |9 |00:00:42 ~-~-> 00:00:49 |you woke and got yourself out of sleep, whatever time that was that started your | ||
11 | |10 |00:00:49 ~-~-> 00:01:00 |day, that daily candle of productivity, what you're going to do the most maximum | ||
12 | |11 |00:01:00 ~-~-> 00:01:06 |level of productivity. That's the high of your daily candle, and the low of | ||
13 | |12 |00:01:06 ~-~-> 00:01:09 |your daily candle is the least that you did. | ||
14 | |13 |00:01:12 ~-~-> 00:01:17 |Not everybody, unless you're in depression, unless you're inebriated, | ||
15 | |14 |00:01:17 ~-~-> 00:01:22 |intoxicated, everybody wants to have a bullish candle in life. Everybody wants | ||
16 | |15 |00:01:22 ~-~-> 00:01:28 |to have maximum output, maximum results, maximum benefit, maximum yield for | ||
17 | |16 |00:01:28 ~-~-> 00:01:29 |investment. | ||
18 | |17 |00:01:31 ~-~-> 00:01:35 |But not every day provides that sometimes the narrative that we think | ||
19 | |18 |00:01:36 ~-~-> 00:01:42 |our daily candle is going to unfold under gets disrupted, manually | ||
20 | |19 |00:01:42 ~-~-> 00:01:51 |intervened, if you will. And at the end of the day, when you go to sleep, that | ||
21 | |20 |00:01:51 ~-~-> 00:01:58 |closes your daily candle. My question to you is this, last night, when you went | ||
22 | |21 |00:01:58 ~-~-> 00:02:04 |to sleep, did you feel like you were uneasy about anything. Did you worry | ||
23 | |22 |00:02:04 ~-~-> 00:02:10 |about the high of yesterday's daily candle and your personal productivity, | ||
24 | |23 |00:02:10 ~-~-> 00:02:20 |the things that you didn't do and the things that you did do? Now, for most | ||
25 | |24 |00:02:20 ~-~-> 00:02:28 |people in trading, they're wrestling continuously with fear and greed, and | ||
26 | |25 |00:02:28 ~-~-> 00:02:37 |those two pillars of adversity in every aspect of success, not just in trading, | ||
27 | |26 |00:02:39 ~-~-> 00:02:48 |fear and greed are two paralyzing enemies. They'll hold you back if you | ||
28 | |27 |00:02:48 ~-~-> 00:02:54 |allow them. And so few in this world know how to master them, conquer them, | ||
29 | |28 |00:02:54 ~-~-> 00:03:00 |and then use them as weapons at their disposal. And I'll talk a little bit | ||
30 | |29 |00:03:00 ~-~-> 00:03:04 |about that and how you can do that, but first you have to identify them as the | ||
31 | |30 |00:03:04 ~-~-> 00:03:08 |adversaries that they are, and where they do their most effective | ||
32 | |31 |00:03:09 ~-~-> 00:03:15 |disruptions, where they hold you back, where they blind you, where they keep | ||
33 | |32 |00:03:15 ~-~-> 00:03:20 |you from seeing opportunities. When they take from you, like vampires, it sucks | ||
34 | |33 |00:03:20 ~-~-> 00:03:24 |the life and the creativity and the passion and the hope and the direction | ||
35 | |34 |00:03:25 ~-~-> 00:03:31 |and the desire to do anything at all, because it's easy seen in trading more | ||
36 | |35 |00:03:31 ~-~-> 00:03:40 |than anything else, the paralyzing grip that fear and greed implement. Think | ||
37 | |36 |00:03:40 ~-~-> 00:03:48 |about today you woke up that started your daily candle. If you don't have a | ||
38 | |37 |00:03:48 ~-~-> 00:03:56 |plan of what you're going to do today before you woke up, you have no idea | ||
39 | |38 |00:03:56 ~-~-> 00:04:01 |what you're going to do. You're going to be chasing price in everyday life, | ||
40 | |39 |00:04:01 ~-~-> 00:04:06 |whatever gets your attention right now, when you're younger, as a child, like on | ||
41 | |40 |00:04:06 ~-~-> 00:04:12 |a Saturday morning, it used to be every channel had cartoons, and you'd wake up | ||
42 | |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 | ||
43 | |42 |00:04:17 ~-~-> 00:04:20 |you, and just vegetate on channels, surfing, going for one channel, The | ||
44 | |43 |00:04:20 ~-~-> 00:04:23 |next, looking to the next looking into the next cartoon the next thing. Sports | ||
45 | |44 |00:04:23 ~-~-> 00:04:26 |fanatics on the weekend do the same thing. They jump from one thing to the | ||
46 | |45 |00:04:26 ~-~-> 00:04:31 |next. What game? What game? What game looking here's my attention. Seize It. | ||
47 | |46 |00:04:31 ~-~-> 00:04:41 |Take it over. Steal my productivity. Today you woke up. What plan did you | ||
48 | |47 |00:04:41 ~-~-> 00:04:45 |have to implement to see the high of today's daily candle in your personal | ||
49 | |48 |00:04:45 ~-~-> 00:04:53 |productivity at the highest level? What did you plan to do that with? What did | ||
50 | |49 |00:04:53 ~-~-> 00:05:01 |you do yesterday before you went to sleep, to give yourself. Off something | ||
51 | |50 |00:05:01 ~-~-> 00:05:07 |to strive for, and also be aware of where these two adversaries are going to | ||
52 | |51 |00:05:07 ~-~-> 00:05:17 |be waiting to ambush you, fear and greed. Sadly, most people in life, the | ||
53 | |52 |00:05:17 ~-~-> 00:05:23 |unsuccessful individuals that delegate themselves to working for the man with | ||
54 | |53 |00:05:23 ~-~-> 00:05:30 |Carl and the likes of them. For some people, that's okay, and guess what, if | ||
55 | |54 |00:05:30 ~-~-> 00:05:34 |you're taking care of your family, there's nothing wrong with that. But I'm | ||
56 | |55 |00:05:34 ~-~-> 00:05:40 |talking to an audience that sees beyond that as that's not enough, and that's | ||
57 | |56 |00:05:40 ~-~-> 00:05:45 |not greed. Everybody should aspire to do better, because if you're doing better, | ||
58 | |57 |00:05:45 ~-~-> 00:05:49 |that means that you should be providing better for your family. And there's no | ||
59 | |58 |00:05:49 ~-~-> 00:05:58 |sin in that. Your maximum productivity, the most that you could get done today, | ||
60 | |59 |00:05:59 ~-~-> 00:06:05 |that that is where greed is waiting to ambush you. I'll | ||
61 | |60 |00:06:07 ~-~-> 00:06:12 |talk a little bit about more about that in a moment. But the lowest productivity | ||
62 | |61 |00:06:12 ~-~-> 00:06:17 |for today, the low of your daily candle, the least of which that you got done | ||
63 | |62 |00:06:18 ~-~-> 00:06:23 |today before you go to sleep and you close this daily candle, that's the | ||
64 | |63 |00:06:23 ~-~-> 00:06:30 |least that you got done in the 24 hours, or whatever waking hours that you spend | ||
65 | |64 |00:06:30 ~-~-> 00:06:37 |between waking and going to sleep today. That's your daily range. That's all | ||
66 | |65 |00:06:37 ~-~-> 00:06:44 |you've given yourself time to do. And you have to submit. You can't control | ||
67 | |66 |00:06:44 ~-~-> 00:06:49 |every aspect of life. Anyone that tries to do that, and I know this personally, | ||
68 | |67 |00:06:50 ~-~-> 00:06:53 |when you try to master everything that's going to happen in your life, and you | ||
69 | |68 |00:06:53 ~-~-> 00:06:57 |want to hold everybody else to the same regimen and the same schedule that | ||
70 | |69 |00:06:57 ~-~-> 00:07:04 |you're forcing yourself to go through, that creates anxiety. You have to | ||
71 | |70 |00:07:04 ~-~-> 00:07:09 |identify what you can control. You have to pick your shots in that daily range | ||
72 | |71 |00:07:09 ~-~-> 00:07:14 |of time. When are you going to operate? How are you going to filter out all | ||
73 | |72 |00:07:14 ~-~-> 00:07:22 |these things around your personal life, your relatives, your employees, your co | ||
74 | |73 |00:07:22 ~-~-> 00:07:26 |workers, co students, if you're in university, your spouse, your | ||
75 | |74 |00:07:26 ~-~-> 00:07:32 |significant other, your children, or like me as a pet parent, I have pets. I | ||
76 | |75 |00:07:32 ~-~-> 00:07:35 |have dogs. They're like children that never grow up, and they always have to | ||
77 | |76 |00:07:35 ~-~-> 00:07:40 |be taken care of. So I have to manage my day with those things, you know, | ||
78 | |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 | ||
79 | |78 |00:07:50 ~-~-> 00:07:55 |the manipulation, for things that just pop up out of nowhere, but you shouldn't | ||
80 | |79 |00:07:55 ~-~-> 00:08:02 |be fearful that I might blow a tire, I might have an accident driving to work. | ||
81 | |80 |00:08:02 ~-~-> 00:08:06 |I may have something go wrong with my plumbing, my water heater may go up. | ||
82 | |81 |00:08:06 ~-~-> 00:08:13 |Nobody wakes up and worries about those things on the regular. But being someone | ||
83 | |82 |00:08:13 ~-~-> 00:08:18 |that has a plan of action, should those things take place, you're not going to | ||
84 | |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 | ||
85 | |84 |00:08:25 ~-~-> 00:08:33 |kill zones, that's your operating hours of your daily range, and you only worry | ||
86 | |85 |00:08:33 ~-~-> 00:08:38 |about those primary functions and responsibilities during that time, and | ||
87 | |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 | ||
88 | |87 |00:08:46 ~-~-> 00:08:53 |spend more time looking for opinions, looking for my satisfaction in the atta | ||
89 | |88 |00:08:53 ~-~-> 00:08:59 |boy at a girl in the pedal back. You find satisfaction in the fact that you | ||
90 | |89 |00:09:00 ~-~-> 00:09:04 |spent the time that you allowed allocated for and then you spent the | ||
91 | |90 |00:09:04 ~-~-> 00:09:08 |time productivity through the roof because you filtered out everything | ||
92 | |91 |00:09:08 ~-~-> 00:09:20 |else. The low of the daily range for today, this is the lowest that you could | ||
93 | |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 | ||
94 | |93 |00:09:27 ~-~-> 00:09:34 |thing. That's a today, right now thing you made me wake up and you had great | ||
95 | |94 |00:09:34 ~-~-> 00:09:37 |aspirations to get things done. I want to clean the house. I'm going to | ||
96 | |95 |00:09:37 ~-~-> 00:09:41 |straighten my office up. I want to put up a new trading system, new get up, new | ||
97 | |96 |00:09:41 ~-~-> 00:09:47 |gear, new monitors, everything I'm I'm revamping everything. And then your | ||
98 | |97 |00:09:47 ~-~-> 00:09:54 |while your wife or your husband says, Honey, I need you to do and that takes | ||
99 | |98 |00:09:54 ~-~-> 00:10:00 |precedence over everything else, or it will start arguments. And. You have to | ||
100 | |99 |00:10:00 ~-~-> 00:10:05 |manage your life to keep those types of things out of it, because drama online | ||
101 | |100 |00:10:05 ~-~-> 00:10:11 |is life sucking, energy sucking, and in your personal relationships, it will | ||
102 | |101 |00:10:11 ~-~-> 00:10:16 |mess you up in your trading, it would completely wreck your focus. You will | ||
103 | |102 |00:10:16 ~-~-> 00:10:20 |not be able to perform optimally, because you know you have hurt the other | ||
104 | |103 |00:10:20 ~-~-> 00:10:26 |person you're with, or you have left them to wait for your personal desire to | ||
105 | |104 |00:10:26 ~-~-> 00:10:30 |be done, and you're neglecting them. There has to be a balancing there. If | ||
106 | |105 |00:10:31 ~-~-> 00:10:36 |you don't balance home life, trading life is going to suck. It's absolutely | ||
107 | |106 |00:10:36 ~-~-> 00:10:46 |going to suck, but the low of your day today needs to be pre defined. This is | ||
108 | |107 |00:10:46 ~-~-> 00:10:54 |what I hope I get done at least remember the maximum productivity, the things | ||
109 | |108 |00:10:54 ~-~-> 00:10:57 |that you want to get done today before you lay your head down to go to sleep, | ||
110 | |109 |00:10:58 ~-~-> 00:11:03 |that that highest point of the daily range for your productivity is the | ||
111 | |110 |00:11:03 ~-~-> 00:11:09 |maximum things that you could get done, given that 100% you're dialed in, no | ||
112 | |111 |00:11:09 ~-~-> 00:11:16 |distractions, no standing in the way, no obstacles. And greed is going to say | ||
113 | |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, | ||
114 | |113 |00:11:20 ~-~-> 00:11:24 |and that's where it reads, waiting to ambush you. You're not going to be | ||
115 | |114 |00:11:24 ~-~-> 00:11:32 |content with enough because you didn't plan for enough. The low of your daily | ||
116 | |115 |00:11:32 ~-~-> 00:11:37 |range is the least that you get done, and you're going to be content with that | ||
117 | |116 |00:11:37 ~-~-> 00:11:47 |if, if you're thinking correctly, if you're not what adversary is waiting for | ||
118 | |117 |00:11:47 ~-~-> 00:11:53 |you at that reflection at the end of the day, before you go to sleep, fear. Fear | ||
119 | |118 |00:11:56 ~-~-> 00:12:02 |is waiting to ambush you. It wants to take sleep and rest and contentment away | ||
120 | |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 | ||
121 | |120 |00:12:06 ~-~-> 00:12:12 |down tonight. Yeah, you may have got this done. Yeah, you might have done | ||
122 | |121 |00:12:12 ~-~-> 00:12:18 |that, but you didn't do this. Remember how you wanted to do this? Remember that | ||
123 | |122 |00:12:18 ~-~-> 00:12:22 |one person on the internet that said you couldn't do something, and you thought | ||
124 | |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 | ||
125 | |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 | ||
126 | |125 |00:12:34 ~-~-> 00:12:40 |fearful that in other people's eyes that don't really care about you, they don't | ||
127 | |126 |00:12:40 ~-~-> 00:12:45 |want to see you succeed. They do not want to see you doing better than them. | ||
128 | |127 |00:12:45 ~-~-> 00:12:48 |So they're going to try to take your attention away from what you should be | ||
129 | |128 |00:12:48 ~-~-> 00:13:00 |focusing on, so you fail or you stay slowed down. And if you allow it, it'll | ||
130 | |129 |00:13:01 ~-~-> 00:13:05 |steal your joint. It'll steal your contentment. It'll bleed over into the | ||
131 | |130 |00:13:05 ~-~-> 00:13:11 |next day, and you'll worry about yesterday's daily candle. See, | ||
132 | |131 |00:13:11 ~-~-> 00:13:16 |yesterday's daily candle had the same type of things, what you did yesterday | ||
133 | |132 |00:13:16 ~-~-> 00:13:22 |at the highest level of productivity, that's your high that's what you got | ||
134 | |133 |00:13:22 ~-~-> 00:13:32 |done. But see it flips here. Yesterday's most productivity fears waiting for you | ||
135 | |134 |00:13:32 ~-~-> 00:13:37 |there. Same thing you're going to feel like yesterday. What you did yesterday | ||
136 | |135 |00:13:37 ~-~-> 00:13:47 |wasn't enough. Wasn't enough, and the low of everything that you got done, | ||
137 | |136 |00:13:49 ~-~-> 00:13:56 |greed is going to say you should have done more. You should have done more. | ||
138 | |137 |00:13:59 ~-~-> 00:14:05 |Sure, sure sure you saw somebody online. They inspired you to take a trade. Oh, | ||
139 | |138 |00:14:06 ~-~-> 00:14:11 |this guy on the internet has been pretty consistent about where he says going to | ||
140 | |139 |00:14:11 ~-~-> 00:14:17 |go look at that. It went there. He stopped talking. He's no longer giving | ||
141 | |140 |00:14:17 ~-~-> 00:14:22 |any opinion about what's going to happen. But I got time. I got time my | ||
142 | |141 |00:14:22 ~-~-> 00:14:28 |accounts were going to be traded here, let me just go and do it, because I | ||
143 | |142 |00:14:28 ~-~-> 00:14:35 |didn't do enough instead of waiting for another day of opportunity. Not being | ||
144 | |143 |00:14:35 ~-~-> 00:14:42 |impulsive, that's a superpower being patient. That's a superpower as a | ||
145 | |144 |00:14:42 ~-~-> 00:14:52 |trader, tomorrow's Daily candle, tomorrow's Daily candle, much like we | ||
146 | |145 |00:14:52 ~-~-> 00:14:55 |talked about today's candle and yesterday's candle for productivity, | ||
147 | |146 |00:14:57 ~-~-> 00:15:04 |tomorrow, what you're aiming to do is what. You can do realistically, given | ||
148 | |147 |00:15:04 ~-~-> 00:15:09 |all optimal things, the All things being equal, nothing unforeseen that comes in | ||
149 | |148 |00:15:09 ~-~-> 00:15:16 |and causes complete disruption. This is what you plan to do, and that's all that | ||
150 | |149 |00:15:16 ~-~-> 00:15:21 |you need to get done. And you will have a good, productive, highly optimal | ||
151 | |150 |00:15:21 ~-~-> 00:15:29 |outcome for the day. And guess what that does? If you limit yourself to what you | ||
152 | |151 |00:15:29 ~-~-> 00:15:34 |know you realistically can do, you're not out here saying I'm going to make | ||
153 | |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 | ||
154 | |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 | ||
155 | |154 |00:15:48 ~-~-> 00:15:54 |one good setup that your risk can be defined in low percentage, in high odds, | ||
156 | |155 |00:15:54 ~-~-> 00:15:59 |likelihood, low resistance, liquidity conditions, waiting for time of day, | ||
157 | |156 |00:16:00 ~-~-> 00:16:03 |aiming for easy draw on liquidity. It's obvious, | ||
158 | |157 |00:16:04 ~-~-> 00:16:11 |and you get that and you stop, and you discover what contentment feels like. | ||
159 | |158 |00:16:12 ~-~-> 00:16:15 |Because you hit your goal, your productivity goal, you've made money, | ||
160 | |159 |00:16:16 ~-~-> 00:16:20 |you manage risk, and no one can say anything bad about it. So why would you | ||
161 | |160 |00:16:20 ~-~-> 00:16:26 |offer it to the social media, nobody's gonna agree with you that you should | ||
162 | |161 |00:16:26 ~-~-> 00:16:30 |have just stopped there. Why didn't you trade at this point? Why didn't you hold | ||
163 | |162 |00:16:30 ~-~-> 00:16:34 |on to it this long? Why did you only trade that many contracts? Why didn't | ||
164 | |163 |00:16:34 ~-~-> 00:16:36 |you trade this market instead? That's what the enemy | ||
165 | |164 |00:16:36 ~-~-> 00:16:41 |does. That's what he does. He creeps in there. Sounds like a friend talking to | ||
166 | |165 |00:16:41 ~-~-> 00:16:45 |you. Give me advice, give me a little nudge, like, Hey, man, that's pretty | ||
167 | |166 |00:16:45 ~-~-> 00:16:47 |good. But why didn't you do this? | ||
168 | |167 |00:16:51 ~-~-> 00:16:58 |By aiming for what you can reach for and easily obtain? You conquer, you master | ||
169 | |168 |00:16:58 ~-~-> 00:17:05 |and subdue greed. That's tomorrow's problem that's easily, easily conquered | ||
170 | |169 |00:17:05 ~-~-> 00:17:15 |by having a plan of action. The low of tomorrow's Daily candle of productivity. | ||
171 | |170 |00:17:16 ~-~-> 00:17:21 |That is where all your time wasting things are going to be, and you need | ||
172 | |171 |00:17:21 ~-~-> 00:17:27 |them to be at the lowest level of your attention, desire or focus. That means | ||
173 | |172 |00:17:27 ~-~-> 00:17:34 |X, Discord, rooms, Instagram, keeping up with the Joneses. What level of drama is | ||
174 | |173 |00:17:34 ~-~-> 00:17:37 |happening today? What did that guy say about that guy? What is she wearing | ||
175 | |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 | ||
176 | |175 |00:17:40 ~-~-> 00:17:51 |she ain't got her butt fixed yet. Hello, typical ICT trader response. And when | ||
177 | |176 |00:17:51 ~-~-> 00:17:59 |you master tomorrow's daily range of productivity, when you go to sleep and | ||
178 | |177 |00:17:59 ~-~-> 00:18:04 |you close that daily candle, tomorrow, you're going to sleep soundly. You're | ||
179 | |178 |00:18:05 ~-~-> 00:18:11 |going to sleep so good because you wrestled every demon. You put them under | ||
180 | |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 | ||
181 | |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 | ||
182 | |181 |00:18:26 ~-~-> 00:18:30 |execute. That's an easy way to fall asleep comfortably. You won't worry | ||
183 | |182 |00:18:30 ~-~-> 00:18:35 |about yesterday's candle not being good enough. You didn't do enough, and | ||
184 | |183 |00:18:35 ~-~-> 00:18:38 |because of that, you're going to feel like a failure. You're going to feel | ||
185 | |184 |00:18:38 ~-~-> 00:18:42 |like you missed things. You feel like you didn't do enough. I'm not that | ||
186 | |185 |00:18:42 ~-~-> 00:18:46 |impressive to people going on to social media and looking at me. If I reply to | ||
187 | |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 | ||
188 | |187 |00:18:50 ~-~-> 00:18:55 |say. You say nothing to them. You don't pay their bills, you don't feed them. | ||
189 | |188 |00:18:55 ~-~-> 00:19:00 |They don't do that for you. Their opinion doesn't matter. It does not | ||
190 | |189 |00:19:00 ~-~-> 00:19:10 |matter. So many of you today, all of you live by the moment to have approval from | ||
191 | |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 | ||
192 | |191 |00:19:15 ~-~-> 00:19:22 |uncomfortable because you're on organized if you make your day | ||
193 | |192 |00:19:22 ~-~-> 00:19:26 |structured where your focus and attention is not allowed, it's not | ||
194 | |193 |00:19:26 ~-~-> 00:19:32 |allowed to be diverted with Nobodies, you're not giving opportunity invitation | ||
195 | |194 |00:19:32 ~-~-> 00:19:38 |to people that are broke, morally and financially broke, and you're allowing | ||
196 | |195 |00:19:38 ~-~-> 00:19:44 |these people to speak to you to speak into your existence and your time and | ||
197 | |196 |00:19:44 ~-~-> 00:19:50 |steal from you. They're not robbing you. You're passing by willingly. You walk | ||
198 | |197 |00:19:50 ~-~-> 00:19:54 |down that alley. They didn't even ask you for your wallet. You said, You know | ||
199 | |198 |00:19:54 ~-~-> 00:19:58 |what you want. You look like you want all my stuff here. Take it all. Take | ||
200 | |199 |00:19:58 ~-~-> 00:20:02 |everything you want. My shoes. Dollars you want a wallet. Here's my ATM card. | ||
201 | |200 |00:20:02 ~-~-> 00:20:05 |Here's my pin number. Go to the bank. Enjoy yourself. Here's the keys my rod. | ||
202 | |201 |00:20:05 ~-~-> 00:20:12 |Enjoy yourself. That's what social media does, and you don't recognize it, but | ||
203 | |202 |00:20:12 ~-~-> 00:20:17 |you let it discourage you, you let it depress you and steal from you and | ||
204 | |203 |00:20:17 ~-~-> 00:20:22 |divert your attention from the things that you can do, from the things that | ||
205 | |204 |00:20:22 ~-~-> 00:20:29 |you can accomplish that betters you. And that is not selfishness. That is not | ||
206 | |205 |00:20:29 ~-~-> 00:20:38 |selfishness. It is absolutely dialed in focus, principle living. You're saying, | ||
207 | |206 |00:20:38 ~-~-> 00:20:44 |No, you will not have my time. No, you will not have my attention. You bring | ||
208 | |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 | ||
209 | |208 |00:20:49 ~-~-> 00:20:56 |you simply turn them off, and you divert your attention to what do you have to do | ||
210 | |209 |00:20:56 ~-~-> 00:21:05 |right now to make tomorrow better than you are today? It's simple. See | ||
211 | |210 |00:21:05 ~-~-> 00:21:12 |everybody else that doesn't think like this, they look at yesterday, they look | ||
212 | |211 |00:21:12 ~-~-> 00:21:20 |at that with regrets. Yesterday's full of regrets. I saw a student. I woke up | ||
213 | |212 |00:21:20 ~-~-> 00:21:24 |this morning around three o'clock and I was going through the the feed, | ||
214 | |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 | ||
215 | |214 |00:21:29 ~-~-> 00:21:32 |wouldn't have taken that trade. I regret this. Never | ||
216 | |215 |00:21:32 ~-~-> 00:21:38 |said that. Never say that. I'm glad I learned this from that experience. You | ||
217 | |216 |00:21:38 ~-~-> 00:21:42 |lost on the trade that you took and you weren't being forced into it by | ||
218 | |217 |00:21:42 ~-~-> 00:21:50 |impulsiveness. Look for the opportunity for you to be improving yourself. Never | ||
219 | |218 |00:21:50 ~-~-> 00:21:58 |speak regret. That's another friend that will hurt you, that'll stab you in the | ||
220 | |219 |00:21:58 ~-~-> 00:22:03 |back, that is not an ally in your vocabulary. You need to remove it when | ||
221 | |220 |00:22:03 ~-~-> 00:22:07 |you're talking about your actions or your your trading, to a retail trader, | ||
222 | |221 |00:22:07 ~-~-> 00:22:11 |to someone that's unorganized, that someone that has no principle, no | ||
223 | |222 |00:22:11 ~-~-> 00:22:18 |direction. Yesterday is always regret for someone that's organized. Yesterday | ||
224 | |223 |00:22:18 ~-~-> 00:22:24 |is Intel and trade plans and key levels to be expected to be used. See the | ||
225 | |224 |00:22:24 ~-~-> 00:22:31 |difference. See the contrast. One's empowering, the other one demoralizing. | ||
226 | |225 |00:22:31 ~-~-> 00:22:39 |It invites defeat. Today's candle in retail is confusion. They have no idea | ||
227 | |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 | ||
228 | |227 |00:22:46 ~-~-> 00:22:53 |dark closet where they know monsters live like you and me. We devour them | ||
229 | |228 |00:22:53 ~-~-> 00:22:59 |because they're stupid, willingly stupid. All this information is out | ||
230 | |229 |00:22:59 ~-~-> 00:23:02 |there for free. They choose not to do anything with it, but they'll make jokes | ||
231 | |230 |00:23:02 ~-~-> 00:23:06 |about it while they're still going to work or in unemployment lines. Make that | ||
232 | |231 |00:23:06 ~-~-> 00:23:16 |make sense. But today, for an informed person, you have a plan of action. We | ||
233 | |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 | ||
234 | |233 |00:23:19 ~-~-> 00:23:21 |we're looking for. Retail has no idea they're gonna react. Well, if it breaks | ||
235 | |234 |00:23:21 ~-~-> 00:23:26 |out, if it does something that starts running, then I'll chase after it. | ||
236 | |235 |00:23:29 ~-~-> 00:23:35 |That's not informing money. That's herd mentality, that's casino mentality, | ||
237 | |236 |00:23:35 ~-~-> 00:23:43 |that's lottery winning, that's crypto mania. Do this a lot, and then I'll | ||
238 | |237 |00:23:43 ~-~-> 00:23:48 |think it's important, I'll chase after it and waste my money to informed money. | ||
239 | |238 |00:23:48 ~-~-> 00:23:56 |Tomorrow is new opportunities, but for retail and people that are un organized, | ||
240 | |239 |00:23:56 ~-~-> 00:24:10 |tomorrow is unknown, and fear and greed grips them, not you, not you, because | ||
241 | |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 | ||
242 | |241 |00:24:15 ~-~-> 00:24:23 |action for, I know. I know what yesterday's daily high and low is I can | ||
243 | |242 |00:24:23 ~-~-> 00:24:28 |trade inside that range. I don't need it to do anything outside of the high of | ||
244 | |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 | ||
245 | |244 |00:24:33 ~-~-> 00:24:40 |bread winning system to feed my family. You ever think about it like that and | ||
246 | |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 | ||
247 | |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 | ||
248 | |247 |00:24:51 ~-~-> 00:24:56 |going in debt with a depreciating asset, then I'm not going to be looked upon as | ||
249 | |248 |00:24:56 ~-~-> 00:25:01 |someone that's profitable. Let me tell you something. There's a lot of people | ||
250 | |249 |00:25:01 ~-~-> 00:25:05 |on Instagram. They have lots of lease payments. They have lots of things, the | ||
251 | |250 |00:25:05 ~-~-> 00:25:10 |things that they can't do financially to pay for unless they sell mentorships or | ||
252 | |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 | ||
253 | |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 | ||
254 | |253 |00:25:18 ~-~-> 00:25:28 |you're being trapped by the illusion. What's more important? You wasting hours | ||
255 | |254 |00:25:28 ~-~-> 00:25:31 |chasing after what everybody else is doing on social media, thinking that's | ||
256 | |255 |00:25:31 ~-~-> 00:25:36 |encouraging you, when it's really not because you want to be them. That means | ||
257 | |256 |00:25:36 ~-~-> 00:25:42 |you're coveting their things. That's why I never show you my stuff, because it | ||
258 | |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 | ||
259 | |258 |00:25:46 ~-~-> 00:25:52 |nobody ever drove my car, ever. None of my boys have ever drove my cars. My wife | ||
260 | |259 |00:25:52 ~-~-> 00:25:59 |has never drove my cars, period. They're not going to help you. They're not going | ||
261 | |260 |00:25:59 ~-~-> 00:26:02 |to help you make better decisions in your trades, they're not going to help | ||
262 | |261 |00:26:02 ~-~-> 00:26:06 |you find the right fair value gap. They're not going to help you determine | ||
263 | |262 |00:26:06 ~-~-> 00:26:10 |which fair value gap is going to become an inversion fair value gap before it | ||
264 | |263 |00:26:10 ~-~-> 00:26:18 |even gets there. They would distract you. What I spend a week, where I eat, | ||
265 | |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 | ||
266 | |265 |00:26:23 ~-~-> 00:26:32 |else's business. How much you make is nobody else's business. You make $5 | ||
267 | |266 |00:26:32 ~-~-> 00:26:37 |million in 16 weeks. You go out and show everybody there's gonna still be people | ||
268 | |267 |00:26:37 ~-~-> 00:26:41 |I would have expected you to have made more money than that. And this is | ||
269 | |268 |00:26:41 ~-~-> 00:26:46 |somebody working at Dunkin Donuts, and you're taking their opinion and you're | ||
270 | |269 |00:26:46 ~-~-> 00:26:50 |carrying it with you all the way to bed, and it's in your head swirling around, | ||
271 | |270 |00:26:50 ~-~-> 00:26:58 |swirling around, stealing productivity, stealing contentment. You need to focus | ||
272 | |271 |00:26:58 ~-~-> 00:27:06 |on yourself, Master fear and greed. It's an easy thing, but you have to plan by | ||
273 | |272 |00:27:06 ~-~-> 00:27:11 |pruning the things that steal from you your attention, your focus. They weigh | ||
274 | |273 |00:27:11 ~-~-> 00:27:18 |you down. How many times a day do you think about things that have not lifted | ||
275 | |274 |00:27:18 ~-~-> 00:27:24 |you up, made you excited about what you're doing. Contrast that with how | ||
276 | |275 |00:27:24 ~-~-> 00:27:28 |many things you thought about that was depressing, focusing on drama. This | ||
277 | |276 |00:27:28 ~-~-> 00:27:32 |person's getting this done to them. This person's talking about that one. This | ||
278 | |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 | ||
279 | |278 |00:27:35 ~-~-> 00:27:41 |anything to do with your bottom line? How does that have anything to do with | ||
280 | |279 |00:27:41 ~-~-> 00:27:47 |your productivity, except for making it less productive? How much is your time | ||
281 | |280 |00:27:47 ~-~-> 00:27:57 |worth? I mean, really, what are you saying about your personal time? It's so | ||
282 | |281 |00:27:58 ~-~-> 00:28:04 |cheap, inexpensive. Did you get thrown around to all these Nobodies, letting | ||
283 | |282 |00:28:04 ~-~-> 00:28:08 |other people dictate and grade your productivity, where you are, at your | ||
284 | |283 |00:28:08 ~-~-> 00:28:16 |progress, your prowess as a trader. These people don't matter. I don't | ||
285 | |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 | ||
286 | |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 | ||
287 | |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 | ||
288 | |287 |00:28:31 ~-~-> 00:28:41 |the nest and goodbye, fly. You're not on an everyday payment system with me. You | ||
289 | |288 |00:28:41 ~-~-> 00:28:45 |come here. You listen to me. If you get something of value. God bless you good. | ||
290 | |289 |00:28:45 ~-~-> 00:28:53 |Hope it serves you well. That's all. You're here for nothing extra. What can | ||
291 | |290 |00:28:53 ~-~-> 00:28:59 |you take away to get your plan of action moving along more efficiently? How can I | ||
292 | |291 |00:28:59 ~-~-> 00:29:05 |avoid making the same mistakes that ICT has made. That's why I talk to you in | ||
293 | |292 |00:29:05 ~-~-> 00:29:12 |long winded portions of the video, because you can't see the danger and the | ||
294 | |293 |00:29:12 ~-~-> 00:29:17 |hazard just around the bend that you haven't got to yet. But I've been there | ||
295 | |294 |00:29:17 ~-~-> 00:29:23 |multiple times. I have coping skills and procedures and protocols to avoid | ||
296 | |295 |00:29:23 ~-~-> 00:29:29 |wrecking. You don't because you've never been there before, but you want to say | ||
297 | |296 |00:29:30 ~-~-> 00:29:35 |You talk too much, bro, if I see that stuff, you're being blocked because | ||
298 | |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, | ||
299 | |298 |00:29:39 ~-~-> 00:29:44 |just the fact that I spent a second looking at your nonsense is a waste of | ||
300 | |299 |00:29:44 ~-~-> 00:29:54 |my time. Look around, folks, look around. Is it expensive enough yet for | ||
301 | |300 |00:29:54 ~-~-> 00:30:02 |you? I'm rich, and I hate how much things cost now. It sucks. And every | ||
302 | |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 | ||
303 | |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 | ||
304 | |303 |00:30:12 ~-~-> 00:30:16 |so much more better than you ever imagined, because you're wrestling with | ||
305 | |304 |00:30:16 ~-~-> 00:30:23 |things that everybody is wrestling with too making ends meet, everybody's upset, | ||
306 | |305 |00:30:24 ~-~-> 00:30:31 |division everywhere. The procedure and the solution to that is cut it all out. | ||
307 | |306 |00:30:32 ~-~-> 00:30:39 |Cut it all out. Focus on you and your family. Focus on development and leave | ||
308 | |307 |00:30:39 ~-~-> 00:30:45 |it to that. You got to go ghost mode. Cut everything out. You're not on social | ||
309 | |308 |00:30:45 ~-~-> 00:30:52 |media. Talk to nobody. There it is. That's it. We're done. You. |