002-ict-tw-spaces-20230110-Monthly-Goals-And-The-Secret-To-Reaching-Them
Last modified by Drunk Monkey on 2023-01-11 09:54
Outline
00:18 - The secret to reaching monthly goals -.
03:47 - Why you shouldn’t have a percentage return goal each month.
07:38 - Why you need to be in sync with the market.
14:49 - You have to have a multiplier if you want a multiple.
18:30 - The importance of having a running log of your trading.
22:43 - You can’t have input from someone else.
28:19 - Is it possible for a new startup to have a 100% return by year one?
32:08 - Don’t hold your opinion or your bias too hard or firm.
36:40 - You have to have a target -.
41:44 - When you come to the conclusion that 99% of these people have no idea what you’re talking about, it’s shocking.
46:02 - The same shit over and over again -.
49:05 - Are you kidding me? Do you really believe if you believe this you’re not going to make any money?
56:45 - The market is primed for the big news on Thursday -.
58:57 - The least important thing you should be worried about right now is getting in trades already moving.
01:01:55 - What is your goal for the first year?
01:09:16 - How to get to 50,000 hours per month.
01:14:28 - How many hours a week is not enough?
01:18:45 - What happens if you let 3% compound over and over again?
01:26:08 - If you have no target, how can you measure your progress?
01:29:39 - If it looks like a cell is rejecting it, it’s going to do one of two things - go consolidation or go consolidation.
01:33:02 - Understanding time and price and market sentiment -.
01:41:01 - The algorithm is not looking at every single one of the candles.
01:44:29 - Can you trade outside of the times I’ve given?
01:47:52 - The importance of having a clear understanding of what you are doing.
01:54:17 - There is no reason for you to fear it not working in the future.
01:58:02 - Don’t be afraid to seize the opportunity and seize it.
02:02:09 - Real traders in the competition.
02:09:26 - How to get into the Robins Cup every year.
02:13:41 - The entry pattern is the least important factor in consistently profitable trading -.
02:16:49 - I was not charging for a long time than I did charge because I was pissed off when people are selling my free stuff.
02:24:12 - My bias when it's there.
02:27:46 - When you get your first trade, flip the smallest leverage.
02:32:02 - If you’re not in a competition, what are you trying to trade with?
02:38:18 - Failure shows you what you need to adjust.
02:41:18 - Unorganized, undisciplined, irresponsible motherfuckers do not stay in this business.
02:44:03 - Don’t let other people’s opinions shape your opinion of you.
02:52:00 - Why he stays in the demo arena.
02:55:52 - Why I’m hardline about certain things.
02:59:59 - How he made more money than he was making when he was working as a fast-food guy.
03:09:13 - When you are wrong, you have to call it.
03:12:59 - Bipolarism is very difficult to live with.
03:16:24 - The one-to-five minute chart.
03:22:48 - If you aim at nothing, you’ll hit it every single time.
03:26:57 - As your equity goes up, you’re risking more money, but percentage wise it’s the same amount of risk per equity.
03:30:53 - You have to have it written out. If you take a losing trade in the morning and you don’t take a second trade at all
03:38:54 - The fear of missing out on the big windfall.
03:42:58 - If you open yourself up to things that your rules are meant to protect you from, what is it protecting you from?
03:47:07 - You have to be a guard of your attention -.
Transcription
| 1 | 00:00:18,630 --> 00:00:34,380 | ICT: Good evening, folks. hope everybody's doing better than I am. My stomach's been going through a mortal kombat with some bad chicken. I'm not gonna name the |
| 2 | 00:00:34,380 --> 00:00:45,870 | restaurant because I'm sure it wasn't their fault. But I don't like to eat out too many places, I like to prepare my food at home. And I eat very bland things |
| 3 | 00:00:45,900 --> 00:00:56,490 | naturally. But at lunch today, long story short, it didn't agree with me. And I've been very uncomfortable day, feeling better, but not good enough to sit |
| 4 | 00:00:56,490 --> 00:01:07,800 | over the charts. So I'm sitting here in my lazy boy recliner in my trading office, looking around at many pairs of shoes that I had to find locations for. |
| 5 | 00:01:09,090 --> 00:01:22,920 | So I want to talk a little bit about monthly goals. And I want to discuss, in my opinion, the secret to reaching them. And before I get into it, I'm gonna be |
| 6 | 00:01:24,060 --> 00:01:34,290 | she's me, I just want to preface it by saying, obviously, you know, who you learn from who you listen to, you know, whatever stream of information, advice, |
| 7 | 00:01:34,650 --> 00:01:48,240 | experiences, whether they be fictional, or rooted in real success from other people that talk about what you should or shouldn't do. Understand that, |
| 8 | 00:01:48,240 --> 00:02:02,250 | obviously, each of us have an opinion, okay. And it's fine to hold an opinion. And it's also completely understandable for others to have an opinion of what |
| 9 | 00:02:02,250 --> 00:02:08,670 | should or shouldn't be done in trading, because all of us are going to walk differently in this industry, you're gonna have different objectives, you're |
| 10 | 00:02:08,670 --> 00:02:16,380 | gonna have different results, some of you are going to do exceedingly well and some of you are still going to fail. And that's the sad reality of this |
| 11 | 00:02:16,380 --> 00:02:26,760 | industry. Because it's very difficult to overcome yourself, and emotions and greed and fear of missing out or trying to keep up with the Joneses. Trying to |
| 12 | 00:02:26,760 --> 00:02:38,040 | keep up with the influencers on social media. That, unfortunately, is a pitfall. So putting that aside for a moment, but we'll come back to it in a later portion |
| 13 | 00:02:38,040 --> 00:02:53,460 | of this discussion. The idea of having a trading goal, a percentage return that you're aiming for. I believe, that is advantageous. And I'll go over the reasons |
| 14 | 00:02:53,460 --> 00:03:05,130 | why I do believe it's advantageous. And I'll try to slice and dice the opinions of others that I've seen on social media over the years. And also read in books |
| 15 | 00:03:05,160 --> 00:03:14,310 | and saw articles and people commenting and you see them on CNBC, I don't believe we should have trading gold, because the first thing that comes out of their |
| 16 | 00:03:14,310 --> 00:03:24,090 | mouth, and I want you to write this down, what I'm driving ICT just make sure you make a mental note that this is what you should be doing later on. But make |
| 17 | 00:03:24,360 --> 00:03:44,040 | make a note of it in your trading journal today. Okay, for January 10 2023 That you must, you must have a target to aim for. Or you'll hit nothing. And nothing |
| 18 | 00:03:44,040 --> 00:03:57,720 | in this industry is failure. It's worse and beneath breakeven. So, coming right out the gate, I'm just gonna say the folks that say you should not have a goal |
| 19 | 00:03:58,350 --> 00:04:07,530 | or aim for a percentage each month. Number one, let me put this right out there. They don't know how to trade consistently profitable and they're not shooting |
| 20 | 00:04:07,530 --> 00:04:19,350 | with a high accuracy rate. That's the only reason why anyone would have that opinion. Anyone. Now, I'm going to teach you in this discussion how to have a |
| 21 | 00:04:19,350 --> 00:04:31,050 | high accuracy and you're going to see it this year. Trust me, these are the lessons that help ground you. But I'm also going to spice it up a little bit so |
| 22 | 00:04:31,050 --> 00:04:42,600 | that way you want to do exceptionally well. You want to win competitions, you want to win friends and influence neighbors. This is the discussion for it. But |
| 23 | 00:04:42,630 --> 00:04:56,940 | writing your journal underneath that you have to have a goal that anyone that has stated that you should not have a percentage return goal each month. They |
| 24 | 00:04:56,940 --> 00:05:15,000 | are misinformed. or inadequate? So should you be listening to those individuals? No, no. Now, I'm not going to sit here this evening and tried to butter you all |
| 25 | 00:05:15,000 --> 00:05:29,160 | up and talk about how you can be doing 200 are multiple trades, risking 2%. Because if anyone could do that consistently, they would put themselves on the |
| 26 | 00:05:29,160 --> 00:05:43,830 | billionaire list rather quickly. Okay, and you don't need to do a whole lot to do very well. But you need to do the one thing consistently, that means your |
| 27 | 00:05:43,860 --> 00:05:57,030 | model, and we're going to talk about that as we go. So I want to think about how I started and what got me into trading. And you've heard this, obviously, I'm |
| 28 | 00:05:57,030 --> 00:06:11,580 | gonna give you the like the three or four sentence version of it. I wanted to make $1,000 a month. That was my goal. Okay, so on Thursday evening, at 9pm. In |
| 29 | 00:06:11,580 --> 00:06:25,560 | 1992. I concocted this idea that I would aim for a way of making $1,000 per month that could be saved and put aside. And by the time I was 40 years old, I |
| 30 | 00:06:25,560 --> 00:06:41,190 | would not need the work. Now, contrast that with what you see on Instagram, Twitter, YouTube IML. Everybody wants to be a Lambo owner, everybody wants to be |
| 31 | 00:06:42,060 --> 00:06:57,390 | an M $2 million house now. Everybody wants to be the best of everything that materialism can pay for. And while that's nothing that is there's nothing wrong |
| 32 | 00:06:57,390 --> 00:07:09,120 | with that, per se. I don't believe that young folks or older folks should look at that and say, Yeah, that's why I want to get into trading. Because that |
| 33 | 00:07:10,980 --> 00:07:19,350 | number one, that image you have to continuously work towards maintaining it, because once you do it, once you start it, you have to keep doing something more |
| 34 | 00:07:19,350 --> 00:07:30,060 | or you grow stale. Just look at I'm not there. They're all trying to get the next Ferrari. Why don't they have a Bugatti? I'm so tempted, I'm so tempted to |
| 35 | 00:07:30,060 --> 00:07:40,320 | go out and buy a Bugatti that way I can be the first one and say, okay, catch up. $30,000 for oil change, that just doesn't make sense for me. Even even where |
| 36 | 00:07:40,320 --> 00:07:54,540 | I'm from. I think that's ridiculous. But I digress. I believe that if you are paying attention to is the what I'm showing you. And I see no, I guess it's a |
| 37 | 00:07:54,540 --> 00:08:03,180 | guy. I don't know if it's a guy. And I'm afraid to even say that anymore. I'm like a canceled. But one of the subscribers and followers on my Twitter feed |
| 38 | 00:08:03,180 --> 00:08:11,190 | today was like, you know, we want to see the truth ICT, you know, we want to see you call on the markets. I have been, you know, I've been doing it consistently |
| 39 | 00:08:12,000 --> 00:08:23,040 | and pointing it out in your chart on your chart live. And why am I doing that? Number one, I'm keeping myself engaged. So that way when we do live streams, I'm |
| 40 | 00:08:23,040 --> 00:08:34,680 | not rusty, because like anything, it's a skill set, you have to be in sync with the marketplace, a shooting range participant, someone that has a firearm. If |
| 41 | 00:08:34,680 --> 00:08:47,190 | you don't shoot your firearm regularly, you won't maintain that high accuracy. It's a skill that has to be continuously honed. Or you'll lose it driving |
| 42 | 00:08:47,190 --> 00:08:57,390 | skills, you know, racers drive, you know, these fast cars, they have to be continuously working in their machine. Or they'll lose their rhythm, they'll |
| 43 | 00:08:57,420 --> 00:09:08,490 | lose their edge. And you don't want to lose that in the markets because it takes a couple of weeks. Sometimes if you're brand new to get in sync for me, it takes |
| 44 | 00:09:08,490 --> 00:09:17,400 | about a couple of days. But you know right now we're in some really weird marking conditions. So I'm showing you and trust me, we're we're still on the |
| 45 | 00:09:17,400 --> 00:09:29,730 | same topic here. But I want to make sure you understand why I'm doing what I'm doing on Twitter. I'm showing you small little snippets in price action. Not 200 |
| 46 | 00:09:29,850 --> 00:09:46,200 | are multiple trades, not 50 are not 20 are, but you've seen several 10 eight, five, and you've seen one, the one all of them are rooted on the things that |
| 47 | 00:09:46,200 --> 00:09:53,520 | I've taught either in my YouTube content, or the mentorship model that I shared last year. |
| 48 | 00:09:54,810 --> 00:10:02,370 | Now some of you are looking at some of the trades I'm doing you're like, oh, I don't understand this. I'm confused. I don't see that. 2022 model in that setup, |
| 49 | 00:10:02,400 --> 00:10:10,740 | you're right, you're right. Because that's not the only thing I'm going to be teaching you this year, I'm going to be teaching you how to read price in any |
| 50 | 00:10:10,740 --> 00:10:25,260 | condition. Because if you can't adopt that skill, you become a one trick pony. Now, that's not terribly awful. When it comes to being a specialist, you know, |
| 51 | 00:10:25,260 --> 00:10:38,820 | doing one thing in trading the s&p over NASDAQ, or dow or, Russell, you want to pick one market that you want to warm up to start a long term relationship with, |
| 52 | 00:10:38,850 --> 00:10:46,770 | okay, and young men, this is one of those discussions I'll refer back to, you know, how are you doing in your personal relationships with your significant |
| 53 | 00:10:46,770 --> 00:10:56,700 | other if you're not monogamous? That characteristic is going to find its way into your trading, and you're gonna look constantly at what's this market, that |
| 54 | 00:10:56,700 --> 00:11:05,100 | this person is making money. And let me stop what I'm doing in this one and start following that market. And that, unfortunately, causes people to jump |
| 55 | 00:11:05,100 --> 00:11:16,200 | around all the time. And it's worse than system hopping, because you're all chasing the better market right now. And excluding, obviously, crypto because I |
| 56 | 00:11:16,200 --> 00:11:25,200 | don't think crypto is my forte. And I'm gonna just leave that one alone, because you know, my opinion about it. But for a very long time, you all watched me |
| 57 | 00:11:25,860 --> 00:11:37,740 | teach and operate and engage in, in the foreign exchange market. And I'd made public last year, why I have moved away from that and return back to my roots in |
| 58 | 00:11:37,770 --> 00:11:48,420 | futures. So while there are movements in the FX market, and there will be movements, don't think that it's going to be just like it was today stagnant. |
| 59 | 00:11:48,750 --> 00:12:02,730 | Okay, your looks like it was asleep. You can see small little micro structure setups in that. But I don't think that a new student should gravitate to those |
| 60 | 00:12:02,730 --> 00:12:15,420 | lessons. And me as an educator, as a mentor, it's not advantageous for you to learn how to do that. Now, for someone like a charter member that's been with me |
| 61 | 00:12:15,420 --> 00:12:26,520 | since 2016, I believe that they can go into the Eurodollar today in January 10 2023. And now until a one minute chart, and maybe a 32nd chart, they can find |
| 62 | 00:12:26,520 --> 00:12:40,110 | micro market structure in there. And trade, the same thing that's shown on that 2022 model. But be forced to be very nimble with it, you know, five pips, seven |
| 63 | 00:12:40,110 --> 00:12:50,160 | pips, and then get out, you're done. But to me, I don't believe that's something that you should be trying to do as a new trader. So what I'm doing is, is I'm |
| 64 | 00:12:50,160 --> 00:12:58,620 | taking you on Twitter. And I'm prompting you to look at specific things in the marketplace, whether you're able to see it live or not, you can go back and see |
| 65 | 00:12:58,620 --> 00:13:07,320 | they're absolutely right before it happens, I'm taking your attention to the very candles that make the most sense as to why I'm doing what I'm doing. So I |
| 66 | 00:13:07,320 --> 00:13:15,930 | am calling the market, I'm telling you where it's gonna go beforehand, that's where my focus, and then I'm showing you how I engaged in it. So in when we do |
| 67 | 00:13:15,930 --> 00:13:24,330 | our live streams, I'm really talking about how the market moves from one place to the next. And most of you that are looking for signals are gonna be very |
| 68 | 00:13:24,330 --> 00:13:34,260 | frustrated, but I want you to stop and listen to me right now. If you cheat yourself out of this experience, you will not know how to go forward with |
| 69 | 00:13:34,260 --> 00:13:44,550 | whatever I've taught on my YouTube channel. And I mean that sincerely. I'm giving you this opportunity. So that way, you can disarm yourself about having |
| 70 | 00:13:44,550 --> 00:13:53,970 | to be profitable right away, because that's unrealistic. If we were all in an auditorium, okay, we're in a big location. And I say, Okay, who here, this is |
| 71 | 00:13:53,970 --> 00:14:03,870 | your first year learning how to trade, I guarantee you there'd be more people raising their hand up than not. Because word of mouth is spreading all these |
| 72 | 00:14:03,870 --> 00:14:10,440 | folks that are wasting their money in IML, and things like that. They're all talking about me now. They're saying, hey, look, there's a guy on YouTube. And |
| 73 | 00:14:10,440 --> 00:14:19,830 | this is where they're learning it from. And they're trying to teach it. And that's great. Keep doing it. The idea of sitting in front of the charts with me |
| 74 | 00:14:19,830 --> 00:14:28,410 | live, I'm going to bridge that gap that you all have right now, even for those that are skilled, and you can find your setups and other things that you trade. |
| 75 | 00:14:28,950 --> 00:14:36,930 | I promise you, you're going to learn things about price actions you've never even thought about that you never even figured they wouldn't even possibly be in |
| 76 | 00:14:36,930 --> 00:14:50,370 | price. Now, the reason why this is important is because it will help you identify what you're trying to do as a trader. Because you have to have a |
| 77 | 00:14:50,370 --> 00:15:03,510 | multiplier. If you want a multiple of three, one, there's nothing wrong with that and it's rather easy to do. But Don't negate or scoff at a setup that will |
| 78 | 00:15:03,510 --> 00:15:18,330 | be one to one. Because I'm gonna tell you something, I can find 15 to 21 to one setups every single day. Now, how many do you need to do? Well, one? And if you |
| 79 | 00:15:18,360 --> 00:15:30,240 | made one you stopped for the week. Isn't that profitable? Yes, absolutely. So, when you listen to folks, and I've seen so many people over the internet, on |
| 80 | 00:15:30,240 --> 00:15:38,070 | YouTube, mostly YouTube, because it's a platform that people like to get on, like, they will talk and they like to hear themselves talking. I don't like to |
| 81 | 00:15:38,070 --> 00:15:51,420 | hear myself talk. But I want to make sure you understand, there's a different way to do this. And when I hear folks put on their authority hat, and they share |
| 82 | 00:15:51,420 --> 00:16:03,150 | their my effects books, and they, they talk down to everyone else. Like they're doing something that no one else can do. Those returns that they show their |
| 83 | 00:16:03,150 --> 00:16:18,540 | rather well, wanting. And when you see individuals talk from that soapbox, and they try to tell you, you shouldn't have goals, isn't it pretty obvious that |
| 84 | 00:16:18,780 --> 00:16:29,310 | they live by that because their returns are lackluster. And they have like this heart attack type. If they have anything going up in an equity curve, it looks |
| 85 | 00:16:29,430 --> 00:16:38,550 | jagged, like a roller coaster, you wouldn't want to ride or it's just drifting down and drawdown. And they haven't connected it for a month or so. And then |
| 86 | 00:16:38,550 --> 00:16:47,670 | when you turn it back on, they're in drawdown. So these individuals, they're going to tell you don't have goals don't do these things don't traders shouldn't |
| 87 | 00:16:47,670 --> 00:16:55,890 | have goals a week, Trader shouldn't have a percentage return goal per month, because here's the thing, and this is what you want to write in your book to in |
| 88 | 00:16:55,890 --> 00:17:12,120 | your journal you're gonna write they will say that the market can't be timed. And you can never know what the market is going to offer you. And put quotations |
| 89 | 00:17:12,120 --> 00:17:28,770 | around that. And right next to that I want you to write this is a lie, and then highlight and underline that. Now, I have had three decades of time looking at |
| 90 | 00:17:28,770 --> 00:17:40,200 | things that were a complete waste of my time and money, and attention. And in the beginning, my first three or four years was just misinformation, I was |
| 91 | 00:17:40,200 --> 00:17:50,460 | overloaded with misinformation. And if you're a casual listener, you're just starting to dabble in price action, you want to learn how to trade. Looking at |
| 92 | 00:17:50,460 --> 00:17:58,530 | all my information on that YouTube channel, it can be rather intimidating. And if you're new, and you're trying to figure out what it is that you should be |
| 93 | 00:17:58,530 --> 00:18:06,900 | focusing on right now, I think personally, if you're brand new, absolutely first time coming to the channel, just look at the 41 videos that I did last year in |
| 94 | 00:18:06,900 --> 00:18:16,350 | the 2022 mentorship, that'll put you up to speed that way, at least you'll know exactly what I'm trying to do as a foundation in the live streams that we begin |
| 95 | 00:18:16,350 --> 00:18:29,220 | in February 7. You'll also understand what I'm helping you build on when I'm prompting you on Twitter. Some of you are saying that you're confused, you don't |
| 96 | 00:18:29,220 --> 00:18:36,360 | know what's going on. And that's normal. It'll all make more sense when you're watching it over the chart with me. But for those individuals that have been |
| 97 | 00:18:36,360 --> 00:18:47,550 | around me for a while, they know what while the premises that I'm pointing to and most of them are learning how to do better than they thought they were doing |
| 98 | 00:18:48,120 --> 00:18:58,050 | before they started doing that. Because they Nord real time tape reading and you have to do that. And that's the only real benefit of me being live with you |
| 99 | 00:18:58,050 --> 00:19:06,000 | because I'm going to force you to look at the candlesticks individually. And I'm going to outline what the algorithm is likely to do why it should do it, why it |
| 100 | 00:19:06,000 --> 00:19:18,240 | shouldn't do other things. And by seeing that week, after week, after week, this conversation in all my bowl appointments that we're covering is going to be much |
| 101 | 00:19:18,240 --> 00:19:27,720 | more meaningful to you. Okay, so this Twitter space I don't like I don't keep a running log of it. There's a lot of youth are taking them and put them on your |
| 102 | 00:19:27,720 --> 00:19:37,650 | YouTube channel and that's cool. I don't care. I don't care what you're doing with them. I don't have a record of these. So I know that Twitter usually I |
| 103 | 00:19:37,650 --> 00:19:47,160 | think after a little bit of tiny this go away or something. But there's many of you all out here that are recording them and putting them on your YouTube |
| 104 | 00:19:47,160 --> 00:19:54,150 | channel is another guy does put some on Spotify and that's cool. I got no issues with it either. But you want to go back to this one |
| 105 | 00:19:55,619 --> 00:20:06,389 | on the week of Christmas this year because we will We'll be in holiday mode, I won't be trading, I'll be back in that quiet, not doing too much of this |
| 106 | 00:20:06,929 --> 00:20:15,509 | chitchat and no real trading. But I want you to come back to this discussion. And we're not done, I've even got to the meat of it yet, this is all just the |
| 107 | 00:20:15,719 --> 00:20:29,009 | monologue. This will mean much more to you then. And when you go into 2024, you will have exactly what you're looking for, you'll know exactly what you're |
| 108 | 00:20:29,009 --> 00:20:43,619 | doing. Because this right now, for many of you is year one. Year one, you year 190 5% of the time is not a profitable year. For any of us, when we first start |
| 109 | 00:20:43,619 --> 00:20:56,009 | trading, it wasn't for me, it was not for me. 1990 was my first year and I started literally six weeks away from the end of the year. Exactly when I don't |
| 110 | 00:20:56,009 --> 00:21:06,119 | want to trade now. See difference, because I felt like I had to do it real quick. And I had no idea what I was doing. And then in 99, three, I had a flash |
| 111 | 00:21:06,149 --> 00:21:25,679 | of luck, and then crashed and burned. So your two not profitable. So it's normal for you. And let me remind you all, it is absolutely normal for you to be |
| 112 | 00:21:25,679 --> 00:21:39,869 | learning. And engaging in deep study. Exercise is back testing forward testing tape reading, I'm literally going to take you through the real process that I've |
| 113 | 00:21:39,869 --> 00:21:50,159 | always taught in private mentorship, that 90% of my students just simply didn't want to do. So you're gonna have no excuse this year, you're going to know what |
| 114 | 00:21:50,399 --> 00:21:59,789 | it looks like the back test, how to journal, how to look at the end of the week, how to look for setups, how to go back and find your model. All those things, |
| 115 | 00:21:59,789 --> 00:22:09,089 | I'm literally going to walk through like a student would be expected of me, I'm going to do it with you. So that way you can see exactly what it is that you |
| 116 | 00:22:09,089 --> 00:22:15,839 | should have been chewing on every single day and every single week, every single month, every quarter. And then by the end of the year, now you have something to |
| 117 | 00:22:15,839 --> 00:22:25,109 | work with. Then you make a decision. How do you want to trade? What setup are you going to focus on? All of those all of those ideas that you all see repeated |
| 118 | 00:22:25,679 --> 00:22:35,459 | tweets and, and questions in my comment sections of my videos? How do I do this? And what should I do about that? You're going to see that many of those |
| 119 | 00:22:35,459 --> 00:22:47,309 | questions are personal. You have to come to those conclusions independent and uniquely on your own. You can't have input from someone else. Just like the |
| 120 | 00:22:47,309 --> 00:22:57,149 | topic of this discussion, monthly goals when they'll tell you you shouldn't have that. If someone tells you, they don't believe that a trader should have monthly |
| 121 | 00:22:57,149 --> 00:23:09,479 | goals. I guarantee you if you looked at their p&l, and their month a month stats, they're not consistent. They're not consistent. So what is the multiplier |
| 122 | 00:23:12,239 --> 00:23:21,479 | apologize, you're gonna hear me slipping. I have no way of editing these things out like I normally do on my YouTube videos. Don't freak out haven't dropped one |
| 123 | 00:23:21,479 --> 00:23:39,269 | F bomb yet. It's probably coming now we have the choice of multiple setups when it comes to ICT concepts. So when you're looking at the marketplace, I don't try |
| 124 | 00:23:39,269 --> 00:23:50,009 | to take any of you or all of you collectively and like silly putty press you all into the same mold because it doesn't work that way. And I felt that was likely |
| 125 | 00:23:50,249 --> 00:24:00,119 | to be the best way for me to become a trader when I tried to be like Ken Roberts and I couldn't make it work. And then when I tried to be a Larry Williams and I |
| 126 | 00:24:00,119 --> 00:24:07,979 | couldn't make that work and I tried to be a Jake Bernstein seasonal tendencies only NO Technicals this look at okay, this is the day it should do this. And |
| 127 | 00:24:07,979 --> 00:24:25,229 | then I lost money doing that too. I did Elliott Wave lost money. I did gain lost money. I used Hurst stuff. That's different discussion. Dow Theory simple |
| 128 | 00:24:25,619 --> 00:24:34,979 | patterns and harmonic patterns. I've done all that stuff. Heiken Ashi, Renko. Bars pointing figure. I've done all of it. Every single thing out there. I've |
| 129 | 00:24:34,979 --> 00:24:48,989 | done it. Volume profile. Yeah. All of those things, if they help you when I talk about how I don't like them, and if it's useful for you. It matters not what my |
| 130 | 00:24:48,989 --> 00:24:59,279 | opinion is. But I have to be honest, when I'm asked what is my opinion about them, it their gimmicks, to just their reasons for something they're the |
| 131 | 00:24:59,279 --> 00:25:06,479 | catalysts for You making a decision, and you placing a bet just like anyone else go into a roulette table and saying, you know, what's my son's birthday, okay, |
| 132 | 00:25:06,479 --> 00:25:13,319 | I'm going to play that number on the Roulette. And my favorite color is red. So there, that's what they come to. That's their system. That's their gimmick, |
| 133 | 00:25:13,319 --> 00:25:19,919 | that's their thing that makes them do what make a decision. But then you have to decide how much money they're gonna bet they're gonna keep betting that over and |
| 134 | 00:25:19,919 --> 00:25:30,809 | over and over again until they blow their money. So it matters not really what you're doing to get into the marketplace. Because you can make money if you're a |
| 135 | 00:25:30,809 --> 00:25:44,219 | good money manager, you can make anything a coin flip. That can be utilized as a catalyst. But if you can't let your winter run and cut short, you're losing |
| 136 | 00:25:44,219 --> 00:25:55,649 | positions. It matters not what you're using. So what's the advantage of my stuff? My stuff is very precise. So if you add in the fact that it's aligned |
| 137 | 00:25:55,649 --> 00:26:07,739 | with the market algorithm, times when the markets likely to do certain things. Look what happened today. I told you close your charts. We haven't done a |
| 138 | 00:26:07,739 --> 00:26:21,389 | marketplace chart. And I've watched so many people on the internet in live streams, and on Twitter, and on Well, I don't have an Instagram, but I have |
| 139 | 00:26:21,389 --> 00:26:26,969 | people that send me stuff that, you know, look at this guy, look at this lady, look at this person, they're over there trying to do this and they're calling |
| 140 | 00:26:26,969 --> 00:26:38,249 | this and they're getting chewed up. You have to know when not to do something. You have to know when your son's birthday and your favorite color isn't likely |
| 141 | 00:26:38,249 --> 00:26:52,739 | to come up on the roulette table. If it comes up right on your next spin, what's the chances of it happening again, right after that next to zero. So you have to |
| 142 | 00:26:52,739 --> 00:26:59,009 | know when not to do something. And unfortunately a lot of these folks out there pretending and masquerading as mentors and teachers, they haven't even been in |
| 143 | 00:26:59,009 --> 00:27:12,749 | the game long enough to know what it's like to be in a market that is not tradable. Everything everything's gone to the moon, everything's on fire. It's |
| 144 | 00:27:12,749 --> 00:27:20,789 | Oh, this markets lit. You know, we're, we're gonna it's gonna, it's going to run and blow the top off. Or it's going to melt completely down, everything's in |
| 145 | 00:27:20,789 --> 00:27:36,119 | extreme. And I get that that's how you can tell their length of time in trading, because everything is an emotional experience. It's all hyped up. And that's why |
| 146 | 00:27:36,119 --> 00:27:49,019 | a lot of the folks that are in that that's a cult. They don't like someone like me, because I'm fuddy duddy a monotone and unless I go ratchet ICT on a tour |
| 147 | 00:27:49,019 --> 00:28:01,709 | space, there's really nothing you know, that gets all that animated. But you want to be just like this with your money. Like you want to be nuts. And just |
| 148 | 00:28:01,919 --> 00:28:16,919 | insane with all your betting and putting money at risk on emotionalism and hyped up decision making now. But you listen to these people, and they'll tell you |
| 149 | 00:28:17,069 --> 00:28:27,479 | that they're trying to flip their account 100% every single month. And while I do believe that's possible. Is it possible for you as a new startup, you just |
| 150 | 00:28:27,479 --> 00:28:35,369 | started learning about this, though, you think it's realistic for you to have the even considering it all that being a goal for right now. Because if you |
| 151 | 00:28:35,369 --> 00:28:46,499 | think that's a goal for you, you won't be here long. No matter what I teach you. You won't be here long because you're going to bring in unrealistic |
| 152 | 00:28:46,499 --> 00:28:56,219 | expectations. And you're going to wreck yourself. I didn't come into this industry wanting to do that. But I grew into it by buying books and listening to |
| 153 | 00:28:56,219 --> 00:29:07,709 | courses and buying authors of so and so's courses saying this and selling to of course is doing that and later find out that they themselves couldn't do it. So |
| 154 | 00:29:07,709 --> 00:29:15,539 | what does that tell you? So it's all together. It's something different. When I'm sitting here telling you on Twitter, the tweets can't be deleted. I mean, I |
| 155 | 00:29:15,539 --> 00:29:23,729 | guess it could tweet, tweeting and deleted but I don't do that. I have people taking my tweets, they go right into a I don't know if it's like a server or |
| 156 | 00:29:23,729 --> 00:29:34,049 | something. But every single one of my tweets go into a log. And believe me, if I ever delete a tweet, you're all gonna know about it. Okay, but I'm not going to. |
| 157 | 00:29:34,649 --> 00:29:47,279 | I don't need to. I love doing what I'm doing. Because I'm teaching you the foundation to building realistic monthly percent returns because you have to |
| 158 | 00:29:47,279 --> 00:29:57,239 | have a target. If you have no target. You're aiming at nothing. If you aim at nothing, you're going to hit nothing. So |
| 159 | 00:29:59,609 --> 00:30:12,509 | you who came to me and people like me? Because you want to have the experience we have or pretend to have. Now clearly, I think I'm showing you that I can see |
| 160 | 00:30:12,509 --> 00:30:19,229 | these things before they happen. You're experiencing it. Just look at the tweets and look at the people's reactions when you're you're looking at the chart and |
| 161 | 00:30:19,229 --> 00:30:27,959 | it's happening. And I know you're sitting there, smirking, right, right now the corners of your mouth is turning out that small little tug of a smile and smirk |
| 162 | 00:30:28,109 --> 00:30:43,559 | because you know, what you've been witnessing, you know that my slogan is every week, every day, and it won't stop. I'm proving it. Now, you will be able to do |
| 163 | 00:30:43,559 --> 00:30:53,219 | this skill set. But you will not in year one, be able to go out every single day and find a setup like I'm doing. That's not realistic. Year two and a half |
| 164 | 00:30:53,219 --> 00:31:09,209 | three, yeah. So what is a goal for you? As a new student? What is reasonable ICT? What should a new student hope to do? By the end of year one. Number one, |
| 165 | 00:31:09,689 --> 00:31:20,759 | your first year is discovering who you are as a traitor, because you're going to go through all kinds of seasons, not just for, okay, not spring, summer, fall, |
| 166 | 00:31:20,759 --> 00:31:31,619 | winter, okay, you're gonna have some wild, crazy experiences in your own development, because there's gonna be times where you think you've figured it |
| 167 | 00:31:31,619 --> 00:31:40,229 | out. And then all of a sudden, gonna go into a tailspin. And you can experience something else in the marketplace, which is a quarterly shift. And it's gonna |
| 168 | 00:31:40,229 --> 00:31:47,699 | feel like everything you're doing, because you haven't aligned yourself with the market what it's doing, then it's changed, but you haven't seen it change yet. |
| 169 | 00:31:48,059 --> 00:31:55,439 | Or you're resisting it. And you're going to insist on taking a square peg and putting into a triangle, and it's not gonna fit, you're gonna be frustrated. And |
| 170 | 00:31:55,439 --> 00:32:02,249 | you're gonna think, oh, no, these things are being manipulated. Now, they're changing the algorithm, I'm not changing shit, it's staying exactly the way it |
| 171 | 00:32:02,249 --> 00:32:09,389 | is. So you need not worry about it. But you're going to be trying to think about how you are feeling and you're never going to do this. And that's not the right |
| 172 | 00:32:09,389 --> 00:32:26,189 | way of doing it. You have to relax, and allow yourself to observe, experience these changes in the marketplace, their quarterly shifts, don't hold your |
| 173 | 00:32:26,189 --> 00:32:38,909 | opinion, or your bias too hard or firm, because they will be ripped from your hands, whether you want to relinquish the grip or not, it will happen. So you |
| 174 | 00:32:38,909 --> 00:32:47,609 | want to hold things lightly. That way, when you see trouble arising in your trade, you don't go in and say Oh, I'm gonna hold on, and I'm gonna move my stop |
| 175 | 00:32:47,609 --> 00:32:57,479 | away from where I had it initially, if you even used a stop, like I see people on live streams doing, that's a telltale sign that that person doesn't know what |
| 176 | 00:32:57,479 --> 00:33:04,349 | they're doing. Because if they knew what they were doing, they would not be moving their stock, once it was placed, they just submit to the fact that we're |
| 177 | 00:33:04,349 --> 00:33:13,109 | going to stop down. There's nothing wrong with that. There's absolutely nothing wrong with it. That mechanism is there for your protection, that's what you're |
| 178 | 00:33:13,109 --> 00:33:23,549 | paying the stock to do its job. limit how much I'm willing to take as a loss. Not I'm in a trade, holding on longer, it's not moving fast enough for me, so |
| 179 | 00:33:23,549 --> 00:33:31,769 | we're not gonna do I'm gonna open my stop up more and take on more risk. How is that a good idea. So you're gonna have that experience, you're gonna feel like |
| 180 | 00:33:31,769 --> 00:33:45,989 | doing that. I'm gonna force you not to do that this year. And you will learn, I will teach you by the numbers, you will be better than you are right now. And |
| 181 | 00:33:45,989 --> 00:33:59,639 | you're gonna know more about price action than anybody else can show you. When you sit down on Twitter, whether you're doing it live with me, or you come back |
| 182 | 00:33:59,639 --> 00:34:08,219 | to it later on, when you get back home or you find time to go through it, it's important for you to understand that those tweets are time and date stamped, I |
| 183 | 00:34:08,219 --> 00:34:18,239 | can't change them, I can't edit them. I don't have a professional account or whatever they offer. We can edit your tweets, I don't do that. So when you look |
| 184 | 00:34:18,239 --> 00:34:28,769 | at the setups, if you look at these drawers of liquidity, it's important for you to start monitoring what price does from that moment there. Now if you can't |
| 185 | 00:34:28,769 --> 00:34:37,439 | watch it live, you can go on to trading view and watch it and Market Replay. It's not the same as watching the candles paint real time. And you can't do a |
| 186 | 00:34:37,619 --> 00:34:46,739 | like a demo trade or paper trade with Market Replay on trading view and I hope they never allow it. Hope they never allow. Because it's wonderful for me to be |
| 187 | 00:34:46,739 --> 00:34:58,679 | able to do what I'm doing because there's no excuse for why you can't trust this as real time. I made a post earlier today one of the new students sent me a |
| 188 | 00:34:58,679 --> 00:35:13,829 | message said hey Are you when you teach with a demo? You? Does it bother you other people say, Oh, he only teaches in demo. And I've come to conclusion that |
| 189 | 00:35:13,859 --> 00:35:23,429 | most recently, a lot of the folks that have that opinion of me, and I've always had that opinion, I mean, it's always been levied against me, because they want |
| 190 | 00:35:23,429 --> 00:35:34,709 | to see me perform in a live account, because they just want to be like, like, I'm a entertainer, like a WWF wrestler, like they want to pay a fee, which is |
| 191 | 00:35:34,709 --> 00:35:44,099 | their time. And I'm obligated to entertain them. No, not. If I'm not entertain you with precision with a demo, before it happens. What difference does it make |
| 192 | 00:35:44,099 --> 00:35:52,229 | how much money I'm making, it makes no difference whatsoever, you just want to see that experience. So explain why I'm able to do it with just the paper |
| 193 | 00:35:52,229 --> 00:36:00,059 | trades, because I'm showing you this before before the fact. And there's no answer to it outside the fact that it's really there. It's happening. And you |
| 194 | 00:36:00,059 --> 00:36:10,169 | can learn it instead of armwrestling. me learn how to do it. But the student says to me, does it bother you? I say no. Because the same individuals that are |
| 195 | 00:36:10,709 --> 00:36:19,649 | living their opinion about whether it's being taught in a live account, or if it's in a demo, they're trading with funded accounts, and funded accounts or |
| 196 | 00:36:19,649 --> 00:36:29,699 | demo. So where's the argument here, they have relevance to their own trades and demo and hoped that they could be profitable, because then it funded account |
| 197 | 00:36:30,509 --> 00:36:40,619 | company would pay them a profit split based on that. Do you see anybody arguing against a funded trader who gets a withdrawal while trading their demo accounts? |
| 198 | 00:36:40,649 --> 00:36:48,539 | Nobody's arguing the answer. But they're gonna say that about what I'm teaching you to do. Because they don't want you learning what you're learning here. |
| 199 | 00:36:48,689 --> 00:37:00,209 | Because they are all trying to sell services and selling you nothing. So this entire year, you're gonna have all kinds of distractions thrown at you. And you |
| 200 | 00:37:00,209 --> 00:37:11,999 | have to make a choice. Do you pay attention to that stuff? Or do you see what's working? Because I'm working. I'm working every single day, I'm putting it in |
| 201 | 00:37:11,999 --> 00:37:21,989 | front of you. I'm keeping you engaged. And there's no average ad revenue on Twitter. Okay, I'm passionate about this. And I want this last year of my time |
| 202 | 00:37:21,989 --> 00:37:33,659 | with you all, to be meaningful. And I want you to get the most out of it. But if you're going to be lackadaisical about it, and have no targets, you thought I |
| 203 | 00:37:33,689 --> 00:37:46,349 | straight off topic. You have to have a target, you have to know what it is you're aiming for. So what's reasonable? At the end of the first year, your goal |
| 204 | 00:37:47,219 --> 00:38:00,749 | should be able to target 6% per month. And some of you are like what the fuck 6% Come on ICT seriously, like, I want to do better than that. Your first year, |
| 205 | 00:38:00,839 --> 00:38:11,039 | you're probably not going to. Because you're going to, you're going to find these barriers that you don't even realize you have yet. You don't even know |
| 206 | 00:38:11,039 --> 00:38:24,449 | what you don't know about yourself yet. Until you get into that trading account, whether it be funded through a prop firm, or your own money. You don't know what |
| 207 | 00:38:24,449 --> 00:38:34,499 | it feels like to have a trade on it, you thought Damn, well, it was going to do what you thought was going to do. And you took your stop loss off. Because you |
| 208 | 00:38:34,499 --> 00:38:43,739 | don't want me wrong. You don't want to be wrong, you're going to take your stop loss off or open it up and then which would have been a one and a half percent |
| 209 | 00:38:43,739 --> 00:38:55,319 | loss now became a 5% loss. And now you're thinking broke the rule. I got 5% Man, I don't want anybody see this. I had to fix it. And you're gonna go in and try |
| 210 | 00:38:55,319 --> 00:39:07,259 | to do what? Over leverage over trade. And that never works out well. And it's easy to get it back. That's not skill. That's gambling. I'm not teaching |
| 211 | 00:39:07,259 --> 00:39:21,839 | gamblers. Okay, you want to gamble, go to the casino. You want to learn how to manage money, you're in the right place. You want to have multiple ways as a |
| 212 | 00:39:21,839 --> 00:39:33,839 | catalyst to get into a trade. You found the right place. You want to know what the markets likely to do next. You sure as hell are in the right place. That's |
| 213 | 00:39:33,839 --> 00:39:45,869 | what I'm proving to you daily on Twitter. I'm proving it to you that you can see these things coming. And you don't need a whole lot of movement to do well. Some |
| 214 | 00:39:45,869 --> 00:39:50,579 | of you have heard people say you know you shouldn't have these goals |
| 215 | 00:39:51,720 --> 00:40:02,370 | because the market can't be timed and you don't know what the markets gonna give you. Again. This is being spoken from people ought to have no fucking idea what |
| 216 | 00:40:02,370 --> 00:40:13,170 | they're doing. They're hit and miss their logic is lacking. They're looking at retail indicators. And they're only taking trades based on that mathematical |
| 217 | 00:40:13,500 --> 00:40:25,680 | acrobatics of what price is already done, calculating all this bullshit. Spitting out some kind of indicator. And instead of looking at price, and |
| 218 | 00:40:25,680 --> 00:40:39,090 | watching what the fuck that's doing, where's it going? Where's it come from? They're spending all their time and anxiety, poring over indicators. Thinking |
| 219 | 00:40:39,090 --> 00:40:51,450 | that that's going to be what? The crystal ball, that's the thing that helps them figure it out. That's their edge, that's their secret weapon. They won't believe |
| 220 | 00:40:51,450 --> 00:41:03,720 | that there's an algorithm. They won't believe that the markets literally being controlled to every smallest degree based on time, then price, for now does have |
| 221 | 00:41:03,720 --> 00:41:07,710 | nothing to do with time. It's only what has happened already. |
| 222 | 00:41:14,340 --> 00:41:26,430 | And they wonder why they don't do well. But there's they're selling courses, they're selling services or selling signals, when their returns and their setups |
| 223 | 00:41:26,460 --> 00:41:30,690 | don't even yield or warrant anyone wanting to pay for it. |
| 224 | 00:41:36,000 --> 00:41:49,530 | The industry is rich, with a lot of bullshit. And when you come to the conclusion, that 99% of these fuckers have no idea what you're talking about, |
| 225 | 00:41:49,740 --> 00:42:02,220 | when you spend time with me. And you see what really goes on and how price is really booked. It's shocking, because you start thinking about how much time |
| 226 | 00:42:02,250 --> 00:42:13,530 | that I waste doing all this other shit. Like it's liberating. And here's my final point on everyone else. Because I know some of you are listening pissed |
| 227 | 00:42:13,530 --> 00:42:22,800 | off, and you're going to be trolling me going forward in the next couple of weeks or whatever what I said tonight, that's fine. That motivates me. This |
| 228 | 00:42:22,800 --> 00:42:32,850 | whole discussion tonight was a response to someone that was talking shit about me and comments in somebody else's video about how monthly goals shouldn't be |
| 229 | 00:42:34,440 --> 00:42:46,800 | utilized. Traitors shouldn't do that. I'm like, really. And then I'm sitting here, I'm gonna I got a rant, I get it off my chest. So if anybody tells you |
| 230 | 00:42:46,830 --> 00:42:54,420 | that you shouldn't have a month ago, they're full of shit in their fucking clown. Okay, I'm going to show you this year, how you can do this 6% per month |
| 231 | 00:42:54,420 --> 00:43:08,820 | is absolutely doable. 100% doable. But you can't expect to be able to do that in month one to month, say nine. I don't think that's realistic. Because while you |
| 232 | 00:43:08,820 --> 00:43:20,430 | might do it one or two months, what will happen is, you'll think that you got your groove. And then you really don't. Or you take the average trade setup. |
| 233 | 00:43:21,450 --> 00:43:27,390 | That may or may not be a good setup, but you'll believe that it is and you'll take the trade you put it on, you'll put your stop loss on just like you're |
| 234 | 00:43:27,390 --> 00:43:38,130 | supposed to, and it'll stop you out. And you'll be annoyed by it. Like a rock in your shoe. I can't stop walking. But this rock in my shoe is driving me nuts. |
| 235 | 00:43:40,410 --> 00:43:46,680 | That's what it's like when you have those types of little inconveniences. He's got to keep doing what you're doing. And when it's time and safe to do so you |
| 236 | 00:43:46,680 --> 00:44:00,240 | stopped taking shoe off with the rock fallout. When's that on the weekend? When you can't do any more harm. There's logic to everything I'm telling you. If |
| 237 | 00:44:00,240 --> 00:44:15,360 | you're in drawdown right now, you stop. Don't make it worse. Even if you blown your account last year already so far this year. Just thought all of that shits |
| 238 | 00:44:15,360 --> 00:44:29,220 | temporary. It's all fixed in a very short time. 12 months is not a lot of time. It's not a lot of time we went through last year, look how fast we went through |
| 239 | 00:44:29,220 --> 00:44:41,280 | it. And I'm gonna give you an experience this year. That makes last year look like kindergarten because we're gonna get out here and get our hands dirty in |
| 240 | 00:44:41,280 --> 00:44:52,980 | it. You're gonna see what it feels like to be in there watching price real time. And you're going to see when the shit gets dirty. And when it's good, and you're |
| 241 | 00:44:52,980 --> 00:45:03,120 | gonna know when's it when's it likely to hurt me? When is it likely for ICT to get it wrong? And when is it right For ICTD get it right. See, that's what you |
| 242 | 00:45:03,120 --> 00:45:10,470 | want to have a mentor can do that. You don't want to listen to these fucking clowns, okay, that are out there showing you. Oh, this is what this is what I |
| 243 | 00:45:10,470 --> 00:45:20,910 | trade I did here I think I took a trade somewhere in here. What? What? If you're gonna sit down and do a video? Okay, listen to me folks. Okay if you're doing |
| 244 | 00:45:20,910 --> 00:45:28,980 | YouTube videos and shit and you're running all this horseshit on YouTube. If I see another motherfucker go on YouTube and say, Yeah, I did a trade I think I |
| 245 | 00:45:28,980 --> 00:45:37,050 | think I took a trade anywhere, somebody, it's the same fucking day. You can't show me where you got in. Where's your price at? Where was your price? Where's |
| 246 | 00:45:37,050 --> 00:45:46,710 | your stop? Where's your target? Why the fuck can't you do that? Because these people don't trade. It's all bullshit. It's all fake. Okay. That's why I'm doing |
| 247 | 00:45:46,710 --> 00:45:54,060 | what I'm doing on Twitter. That's why I do the recordings. That's why you see me execute. That's why you see my entries, because I'm showing you over and over |
| 248 | 00:45:54,060 --> 00:46:01,950 | and over again, the logic that you are wasting time right now in your mind thinking will be reversed and you're like, oh, shit, this stuff really does |
| 249 | 00:46:01,950 --> 00:46:13,980 | work. Because he's engaging the marketplace. Exactly how he says, I'm not making shit up on the fly. It's the same shit all the time. All the time, it's the same |
| 250 | 00:46:13,980 --> 00:46:22,830 | thing repeating over and over again, it's gonna have slight little variances to it. Over time, you will start to see them and recognize Oh, it's still the same |
| 251 | 00:46:22,830 --> 00:46:36,810 | thing. But these individuals that will tell you don't have monthly goals. They have no sustainability, no consistency, because they lack what it is that |
| 252 | 00:46:36,810 --> 00:46:48,690 | they're looking for all the time. Why? Because they're looking at fucking indicators. Indicators are always going to vary. Take for instance, harmonic |
| 253 | 00:46:48,690 --> 00:46:57,690 | patterns. Okay. You want to trade the harmonic horseshoe crab. Okay. There isn't one but I'm being facetious. I can't stand this bullshit. And I wasted time and |
| 254 | 00:46:57,690 --> 00:47:05,910 | money on this stuff. Okay. Did I make money with it? Yes. Did I lose money with it? Yes. I found something better. I found the real market. All of that shit is |
| 255 | 00:47:05,910 --> 00:47:17,010 | nonsense. Nonsense. Cypher patterns Gartley is all that bullshit. You're worried about having all these ratios laid over top of your chart? When you just simply |
| 256 | 00:47:17,010 --> 00:47:23,430 | look at the open high low and close. What time is the fucking market trading right now? Okay, is it time to do something great. Was there displacement? Had |
| 257 | 00:47:23,430 --> 00:47:34,350 | they had they taken a stopped yet? Okay, we're gonna draw on liquidity. How fucking easy is that? How easy is that? That's fucking easy. That is so simple. |
| 258 | 00:47:34,470 --> 00:47:48,690 | But you're out here trying to figure out what fucking animal pattern what ratio what nonsense to lay over top of the price. Which is beautiful. It's a beautiful |
| 259 | 00:47:48,690 --> 00:48:01,800 | piece of ingenious entrapment because here's what they've done with this bullshit. They're hiding price and you're all here fucking around floundering |
| 260 | 00:48:02,370 --> 00:48:10,620 | making a little bit of money here making it because everybody once in a while wins at the casino. And they're all going to do what they're going to pony up |
| 261 | 00:48:11,280 --> 00:48:19,620 | where they got it right. And then because of that, you get the online Trade Academy shit. Where supply and demand this is the way the market works. No, it's |
| 262 | 00:48:19,620 --> 00:48:39,360 | not. market profile footprint Dom Now they're all gimmicks strip it down to a single candle or open high low close bar with my eyes can't do very well with |
| 263 | 00:48:39,360 --> 00:48:52,470 | them anymore. But the open price, the high price, the low price and the closing price and time of day, day of week. What month of the year all this shit |
| 264 | 00:48:52,470 --> 00:49:07,410 | matters. You honestly believe that these big fucking banks are putting billions of dollars on a fucking crab pattern. Are you kidding me? Are you fucking |
| 265 | 00:49:07,410 --> 00:49:16,860 | kidding me? You really believe if you believe that shit. You just must turn this off and stop doing trading because I guarantee you're not making any money. |
| 266 | 00:49:16,860 --> 00:49:30,120 | You're not going to be consistently profitable. You believe nonsense. That's fairy tale shit. That's nonsense. They're not going to put billions of dollars |
| 267 | 00:49:30,330 --> 00:49:45,000 | behind some nonsensical horseshit harmonic pattern labeled after a an animal pattern think think think folks, please just stop and think Do you really |
| 268 | 00:49:45,000 --> 00:49:56,370 | believe the investment banks? Are you gonna do that? Do you think they're gonna be buying fucking diagonal trend lines? You think they're doing that? They're |
| 269 | 00:49:56,370 --> 00:50:07,170 | not. They are not that's the bullshit that they throw wrung out to all of you and me when I first started, and we chase all that shit. And we lose our money |
| 270 | 00:50:07,170 --> 00:50:14,430 | and and say, Fuck it, it's just too hard for me, and I'm just never going to do it. Because they know that 90% What happens, and you don't ever really |
| 271 | 00:50:14,430 --> 00:50:22,170 | investigate the clues that they have hidden from you. By doing everything fucking opposite to what these books tell you to do. |
| 272 | 00:50:31,500 --> 00:50:43,950 | It's alarming, to see people still believing all of this retail shit. Even after the years, I've been out here doing this and showing it improving it. All these |
| 273 | 00:50:43,950 --> 00:50:57,180 | other students now making real money with it. But they'll still, they'll still tell you, you shouldn't have monthly goals. Why? What are they missing? What? |
| 274 | 00:50:57,300 --> 00:51:11,430 | What's missing from their approach that prevents them from seeing a consistent market return or percentage, or why they shouldn't even aspire to have one. They |
| 275 | 00:51:11,430 --> 00:51:21,270 | don't have a model that repeats. They have something that evolves constantly. They're always moving the goalposts that's always morphing into something new. |
| 276 | 00:51:21,960 --> 00:51:28,890 | They're changing this and changing that sometimes they use a setting on their indicator for this. Oh, I'm I'm, I'm a price action trader. But they're still |
| 277 | 00:51:28,890 --> 00:51:36,450 | looking at other shit once in a while. But they're not telling you. How do I know because these same people are in my function. And they're big wigs on |
| 278 | 00:51:36,450 --> 00:51:45,750 | Twitter. But because they're my student, they have to divulge things to me and ask me Hey, looking and what about this? What about that? And believe me, I've |
| 279 | 00:51:45,750 --> 00:51:55,890 | been surprised to see some of these big wigs out here that you'd see. And I'm not telling you their name, because I'm not I'm not going to do that. But you |
| 280 | 00:51:55,890 --> 00:52:10,530 | will be fucking surprised. They don't know what they're doing. And they still wrestle even after proving this logic, they won't let go of this dumb shit that |
| 281 | 00:52:10,530 --> 00:52:19,230 | they hold on to, because their image is rooted on that stuff. They don't want to just say, You know what? I've made money in this stuff. I've lost money in it. I |
| 282 | 00:52:19,230 --> 00:52:29,280 | found something better. I found the real market. I found what really drives price up and down. What holds pricing consolidation? I have those answers meet |
| 283 | 00:52:30,750 --> 00:52:42,030 | the boring ICT 50 year old dude used to be a pizza delivery guy. I got all those answers. And like Willy Wonka given out golden fucking tickets this year, and |
| 284 | 00:52:42,060 --> 00:52:53,970 | it's for free. And you still are wrestling me. Dumb, dumb, fucking dumb. And they don't want to let go of their image. Because if they admit they're wrong, |
| 285 | 00:52:53,970 --> 00:53:02,910 | guess what that means I was right. And they won't do that. And to me, I think it's delicious. Absolutely delicious. I'm having such a wonderful time. Last |
| 286 | 00:53:02,910 --> 00:53:12,780 | year was fun. This is gonna be fucking crazy this year. Because I'm going to make so many of you fucking monsters, you're literally going to change the way |
| 287 | 00:53:12,780 --> 00:53:23,790 | everything's going in your life. Just walk with me this year. I promise you, I fucking guarantee you, you are going to be a fucking savage. You're going to be |
| 288 | 00:53:23,790 --> 00:53:31,050 | able to walk in there and say, oh, yeah, that's gonna go here. And this is Russia by done. Where's my stop that it's gonna be right there. I'm not opening |
| 289 | 00:53:31,050 --> 00:53:37,860 | it up. Once it's there. It's done. And I'm going to close it as the market moves in my favor or reverse it. And you're also gonna look at the market site, New |
| 290 | 00:53:38,160 --> 00:53:44,490 | Testament, it's bullshit. I mean touching it, and you won't have any qualms about nothing. You'll just turn your charts off and go do it the fuck you want |
| 291 | 00:53:44,490 --> 00:53:55,380 | to do. Because you know, like today, it's shitshow. That's what real traders do. That's what the real elite does. They're not like you're fucking around with all |
| 292 | 00:53:55,380 --> 00:54:03,420 | this bullshit on their charts. They know exactly when they're going to do something when they're not going to do something. How hard is that to |
| 293 | 00:54:03,420 --> 00:54:17,250 | understand? How hard is that to understand that if they are elites, they know exactly what you don't know. They know when to do it. And that's it. Nothing |
| 294 | 00:54:17,250 --> 00:54:29,040 | else. Everything else is bullshit. Everything else is a distraction. And it's something taking your attention away from the real moves. |
| 295 | 00:54:34,590 --> 00:54:51,030 | 6% 6% is one and a half percent per week. That is easy as hell. You can get that so easy. You don't do a lot. Your first year should be trying to control |
| 296 | 00:54:51,180 --> 00:55:07,950 | everyday trading. Every day trading is a loser's recipe. You're gonna Get terrible results by doing that. Tomorrow, you should not be trading. That's your |
| 297 | 00:55:07,950 --> 00:55:20,940 | homework. But ICP, I want to demo, you failed. It you failed. I'm telling you to not do something to test your discipline. And if you don't have discipline, |
| 298 | 00:55:20,940 --> 00:55:32,010 | you're forging it by doing this. You're creating something you lack right now. Discipline. Why don't you want us to trade tomorrow? I'm not trading tomorrow. |
| 299 | 00:55:32,640 --> 00:55:42,990 | Oh, because you're not doing we shouldn't do it. You're fucking right. What am I waiting for Thursday's CPI, every time I've publicly shown this year, no, I'm |
| 300 | 00:55:42,990 --> 00:55:53,250 | sorry, last year, I was dead wrong on where I thought CPI was gonna go. I have to wait. Just like you have to wait, the markets waiting for that Thursday |
| 301 | 00:55:53,250 --> 00:56:03,930 | morning, it's gonna be a lightning bolt up or down. One just like that it goes on your handles or so. And you're either going to get ruined, if you're in it. |
| 302 | 00:56:04,800 --> 00:56:16,170 | For you're going to be shocked how fast it goes, where it goes. And then after that, we can go in there and start looking for liquidity and inefficiencies. And |
| 303 | 00:56:16,170 --> 00:56:30,960 | I think you know, the, the pm session on Thursday, and Friday will be the next real opportunity. But you have to do what? Exercise personal responsibility and |
| 304 | 00:56:30,960 --> 00:56:40,320 | self control and not do what it is you think you should be doing? Because it feels what counterintuitive, counterproductive. You're here to learn how to |
| 305 | 00:56:40,320 --> 00:56:48,840 | trade. So let me get in front of the market and do a trade I should be doing that ICT? No, you shouldn't. You don't need to be doing anything because the |
| 306 | 00:56:48,840 --> 00:56:57,390 | market is primed to do what? Wait for the big news on Thursday, you honestly believe there's a lot of people squaring up positions to do something ahead of |
| 307 | 00:56:57,390 --> 00:57:11,730 | CPI? No. Think of it like FOMC rate announcements. The market moves around, yeah. But nobody's really establishing major positions ahead of that shit. |
| 308 | 00:57:12,390 --> 00:57:22,320 | Because it can go all over the place. And many times do the very opposite of what you would expect based on the release or the rate announcement or to |
| 309 | 00:57:22,320 --> 00:57:24,420 | whatever fundamental data they use. |
| 310 | 00:57:30,000 --> 00:57:38,550 | What's your multiplier, because that's that's the number one thing you have to have that if you don't have a multiplier, you can't hit your percentage return. |
| 311 | 00:57:39,000 --> 00:57:51,450 | So what is your multiplier? Okay, close your eyes for a second. Now, if you're driving think about the things that you've watched me engage and record entries |
| 312 | 00:57:51,450 --> 00:58:10,140 | on. Now, the entries may be similar to many other trades you've seen the answer on. But there is something that is always the same. I'm aiming for something on |
| 313 | 00:58:10,140 --> 00:58:20,820 | either aiming for a fair value gap above where market prices if I'm buying. If it reaches up into that imbalance, that's where I'm unloading for if I'm |
| 314 | 00:58:20,820 --> 00:58:30,570 | bullish, I'm aiming for an old high or relative equal highs, something with bisetta. But I'm aiming for that. Because that's what the markets gonna |
| 315 | 00:58:30,570 --> 00:58:45,390 | gravitate to. Every single one of these traders that will tell you don't have a monthly goal. They don't trade that way. That's my big discovery from everybody |
| 316 | 00:58:45,390 --> 00:58:59,130 | that crows and says that garbage. They don't trade like that. Their whole model is based on the entry. And I'm going to show you this year in live streams, the |
| 317 | 00:58:59,130 --> 00:59:08,400 | fucking entry is the least important thing. I'm going to purposely get in trades already moving. Because you're afraid right now you're afraid of missing moves |
| 318 | 00:59:08,430 --> 00:59:16,380 | in that's the least concern you should have right now. There's so many fucking moves every single week, every single week, there's so many opportunities for |
| 319 | 00:59:16,380 --> 00:59:25,800 | you to not have a fucking job. It's disgusting. But until I put your nose in front of it, hold you there against your will kicking and screaming and say Look |
| 320 | 00:59:25,800 --> 00:59:36,990 | at this. Look at this over and over again. Then suddenly, it's gonna be like, Oh, shit, there it is. The whole time. It's been there. And you're complaining. |
| 321 | 00:59:37,170 --> 00:59:44,940 | I don't know why it doesn't do this. And I don't know why. Because you're making a mountain out of things that are not important. I'm taking your attention to |
| 322 | 00:59:44,940 --> 00:59:56,910 | the very things that matter right now. And you're asking me about fucking Eurodollar you're asking me about dollar CAD. Those markets are not moving right |
| 323 | 00:59:56,910 --> 01:00:09,840 | now. There's nothing behind them right now. So I'm taking to a market that moves because it's moving efficiently. When Forex starts moving around, again, the |
| 324 | 01:00:09,840 --> 01:00:20,430 | same things that I'm teaching you to look and study with, with ES because I'm trading that with real money that will work in forex. All of this shit is |
| 325 | 01:00:20,430 --> 01:00:30,540 | transferable to other asset classes. I'm not co signing crypto. It's my students say, so I'll leave it at that. I'm not. I'm not a believer of that. Okay, I |
| 326 | 01:00:30,540 --> 01:00:44,910 | don't know, I don't want to be in crypto. But if you're a futures trader, or a forex trader, the things I'm teaching you, they're applicable to both. The only |
| 327 | 01:00:44,910 --> 01:00:57,180 | element that's different is the timing aspect to futures starts at 830. And Forex can start as early as seven. But ICT I've watched you take trades before |
| 328 | 01:00:57,180 --> 01:01:07,290 | 830. Yes, because I'm not limited to what I'm teaching you as a model. You're all now just learning how to do these things. I've been doing this for three |
| 329 | 01:01:07,290 --> 01:01:16,890 | decades. So I'm a little bit more experienced. I codified these concepts. I mean, they're mine. So it shouldn't be surprising for me to be able to do more |
| 330 | 01:01:16,890 --> 01:01:27,960 | than what you've been taught as an introduction to this. And that's all this has been is introduction. So it's normal for you to feel those tendencies to be |
| 331 | 01:01:27,960 --> 01:01:37,200 | frustrated, and feel like you're not getting it. Or it's not as easy as you hoped it would be. You should be thankful. It's not fucking easy. That makes you |
| 332 | 01:01:37,320 --> 01:01:47,070 | superior. When you finally get this shit, it's gonna be real hard for some of you young folks to not walk around and act like your shit doesn't stink, because |
| 333 | 01:01:47,070 --> 01:02:00,600 | that's exactly what it did to me. And you'll get humbled, even being good, you'll get humbled. But 6% For the first year, that's your goal. 6% per month, |
| 334 | 01:02:01,140 --> 01:02:13,800 | during the first year of development, that is your end year goal. So you should start your second year, with 6% per month. And then you should move to 8% by |
| 335 | 01:02:14,070 --> 01:02:25,500 | three months in the second year. And then 10% And I think you should live there for at least six to nine months. 10% Oh my goodness. I was watching some guy |
| 336 | 01:02:25,500 --> 01:02:36,840 | one. What was the kind of think a Twitter it was like a beef going on? And I was the real discussion about it all. But they're saying Oh, yeah, you can't make |
| 337 | 01:02:36,840 --> 01:02:52,380 | 10% It's unsustainable. 10% Yeah, what the fuck, I literally made 2322 and 21% just in the last couple of days per day. And you saw my executions? Hello. Yeah, |
| 338 | 01:02:52,380 --> 01:03:02,580 | 10% per month is a fucking comic strip. That's easy. That's literally easiest shit to do. It's not easy to do for someone that just walked through and took a |
| 339 | 01:03:02,610 --> 01:03:14,160 | casual stroll through YouTube on icy content. That's not realistic. Okay. So make sure you understand what I'm saying here. Year three. Year three. If you go |
| 340 | 01:03:14,160 --> 01:03:22,590 | through exactly how I'm showing you this year, 10% per month is absolutely doable. I don't give a fuck. I'll stand in front of the CFTC and say, yep, you |
| 341 | 01:03:22,590 --> 01:03:33,060 | can do that too. It can happen. It's easy. That part's easy. Why? Why is it easy? How can it possibly be that painful? Number one, you have to know you're |
| 342 | 01:03:33,060 --> 01:03:43,530 | looking for what repeats every single day. Now listen, if you've been eating Doritos and chips, and you're watching some sports bullshit, okay, stop, because |
| 343 | 01:03:43,530 --> 01:03:58,770 | this is the part where it really starts to get good. What repeats every single day in the marketplace. Think a rush for the market to go one direction or the |
| 344 | 01:03:58,770 --> 01:04:10,350 | other. Here's the wonderful thing. You can be dead fucking wrong at the beginning of the day on bias. Here's the secret listen, you can be dead fucking |
| 345 | 01:04:10,350 --> 01:04:18,480 | wrong on your bias every single day at 930 Who gives a shit flip a quarter. If it heads, okay, I'm going to be looking to go long. If it's tails, you're |
| 346 | 01:04:18,480 --> 01:04:30,030 | looking to go short. And then you wait. Wait that first 30 minutes and see what they do. If you had a liquidity pool that they're aiming for, we're likely to be |
| 347 | 01:04:30,030 --> 01:04:40,020 | aiming for no more if you think to the mark was likely to go up to take that old high. Run some by stops, right. And the market is immediately tanks. First 30 |
| 348 | 01:04:40,020 --> 01:04:52,530 | minutes this is going down, down, down, down down. Okay. Well, now you have a easy decision to make. Is there a fair value gap that that decline has created |
| 349 | 01:04:52,530 --> 01:05:02,040 | in left in its poorest week? No, it's as it's dropped down. Did it leave a fair value gap up there? They can go back up into Some of you that are scalpers may |
| 350 | 01:05:02,040 --> 01:05:13,290 | say, Okay, I'm going to trust, a counter trend move, I want to trade up into that. And that's my trade for the morning I said I'm done. Others would wait for |
| 351 | 01:05:13,290 --> 01:05:23,670 | it to go up into that fair value got and then run to another lower low. That's a bread and butter setup. Both of them are, which one would you personally feel |
| 352 | 01:05:23,670 --> 01:05:34,680 | comfortable doing? That's the problem with all of you. You want whatever I've done recently, that's the model you want to do. Much like when you do now, I've |
| 353 | 01:05:34,680 --> 01:05:45,720 | seen multiple times now, when I say a range shouldn't be filled in. For this is a balanced price range, my stop loss can be ultra tight. And I'm showcasing that |
| 354 | 01:05:45,720 --> 01:05:54,360 | improving and typing out saying this is exactly what it's not going to do. And now you want to abandon every other pursuit in your learning to now discover |
| 355 | 01:05:54,360 --> 01:06:03,750 | that, because if you could just do that, and put that on YouTube and on Twitter, and on Instagram, you're elite. That's bullshit. You're wasting time doing that |
| 356 | 01:06:03,750 --> 01:06:13,410 | stuff. It's not to say that it's not important to learn, because I'll teach it to you. But that's not it. You have to see what happens every single day, the |
| 357 | 01:06:13,410 --> 01:06:27,330 | markets aiming for liquidity, period, that's happening every fucking day, every day. And next week, I'm going to have an exercise for you every single day, you |
| 358 | 01:06:27,330 --> 01:06:36,060 | cannot do anything until 10 o'clock. And then we're gonna be looking for liquidity above or below the marketplace. And you have to engage that for five |
| 359 | 01:06:36,060 --> 01:06:49,590 | handles. He had to do it every single day, next week. What if I fail you, that's fine. It's okay. You're doing it. And doing it is like working out. You don't |
| 360 | 01:06:49,590 --> 01:06:58,950 | get you don't get abs the first time you did sit ups. You're not getting a six pack abs. Just because you want some guy on YouTube do you gotta get out there |
| 361 | 01:06:58,950 --> 01:07:09,180 | and do that shit yourself. So this is how you do it. Every single day the market seeks liquidity. That's the benefit and beanies lower timeframes, because |
| 362 | 01:07:09,180 --> 01:07:21,060 | there's so many fucking chances to do that. And five handles is five handles easily done. Now, let's return back to that multiplier. |
| 363 | 01:07:23,250 --> 01:07:31,740 | folks that don't have a model that repeats that is absolutely generic that keeps repeating over and over and over again, it's not linked to sound logic, but it's |
| 364 | 01:07:31,740 --> 01:07:39,510 | rooted in all kinds of indicator horseshit. They have no idea what pattern is going to set up next, they're just reacting to whatever the indicators are |
| 365 | 01:07:39,510 --> 01:07:50,040 | saying. They can't forecast that they don't know when it's going to happen. Contrast that with we know exactly when the fucking shifts occurring. We'd like |
| 366 | 01:07:50,040 --> 01:08:00,750 | the last hour trading. That's that right there. Some of you, that is the That's the man, it's the land of milk and honey, because you have all the other day |
| 367 | 01:08:00,750 --> 01:08:13,710 | behind you. And you had that last hour of trading. If you see that, that last hour hasn't ran out a target that it's obviously aiming for. That last hour |
| 368 | 01:08:13,710 --> 01:08:24,420 | becomes real easy to trade. Or if it hits it in the afternoon session, and we start going into that three o'clock hour to four o'clock, Eastern Time. And |
| 369 | 01:08:24,420 --> 01:08:33,330 | there's a small little shift in market structure. And it returns back to a fair Vega look for a pool liquidity on a one or five minute chart. Five handles done. |
| 370 | 01:08:34,110 --> 01:08:44,190 | But what if it goes through who gives a fuck? You're aiming for five, five, okay, you're doing this to make money. You're not doing this to impress people |
| 371 | 01:08:44,190 --> 01:08:54,390 | on fucking social media. That's what some of you are more, you're more focused about that. That's the driver for you. Because that gives you what significance. |
| 372 | 01:08:54,900 --> 01:09:07,020 | And I understand that wholeheartedly. Believe me, I understand that. But that is a pursuit that's wasted. You want to be making money. That's why you're here. |
| 373 | 01:09:07,200 --> 01:09:16,710 | You're not here to impress anybody. You're here to make fucking money. And you can't make fucking money if you are not consistently doing the same things. And |
| 374 | 01:09:16,710 --> 01:09:29,160 | how do you do that you have to have a goal. Let's say hypothetically, that your goal is to get funded with a quarter of a million dollars to earn 50,000 hours. |
| 375 | 01:09:29,700 --> 01:09:38,550 | Now, I haven't gone through the trouble of discerning how much it costs the funded trader to pay for the access to something like that each month and I |
| 376 | 01:09:38,550 --> 01:09:46,620 | don't know. Okay, but you're welcome to tweet to me and say this is what they this is what that company does here. It to get to 50,000 hours, this is what you |
| 377 | 01:09:46,620 --> 01:09:54,150 | have to pay for. This is what you have to do and the whole business. Okay, I don't know that. I'm just giving you some ideas to think about. Okay, but if you |
| 378 | 01:09:54,150 --> 01:10:07,230 | had 10 or $15,000 that you were funded with, whether collectively or individually One prop firm and you're aiming for now you're in year, two and a |
| 379 | 01:10:07,230 --> 01:10:18,810 | half to three years. Okay? So you're looking for 10% returns per month. That's two and a half percent per week. Now, some of you, that are probably educators |
| 380 | 01:10:18,810 --> 01:10:24,900 | or mentors, listen to this shit. Maybe you're a professional trader, maybe in doing for a long time, and you think, you know, everything I'm saying is |
| 381 | 01:10:24,900 --> 01:10:32,460 | horseshit. You know, whatever, I'm gonna prove all this this year. Two and a half percent, if you're telling me that you got in this business, you can't make |
| 382 | 01:10:32,460 --> 01:10:41,550 | two and a half percent in one fucking week, what the hell are you here for? Like, what are you doing? Two and a half percent, like two and a half percent, |
| 383 | 01:10:41,550 --> 01:10:51,960 | you can't do two and a half percent in a course of one week. If you've been doing this for three years, you're doing something wrong. I'm telling you, |
| 384 | 01:10:51,960 --> 01:11:02,760 | you're doing it wrong. Less than two and a half years, if you're thinking you're gonna get 10% consistently every single month, then that's not gonna happen. So |
| 385 | 01:11:02,790 --> 01:11:15,540 | let's be real. Okay. Can someone that's been versed with price action? Do 10% per month consistently? Yes. How can that be done? Well, number one, that's |
| 386 | 01:11:15,540 --> 01:11:26,490 | stupid down to two basic math, and then I'll tell you how to apply your multiplier to it. She had $200,000 and you're aiming for 10%. So you're trying |
| 387 | 01:11:26,490 --> 01:11:38,460 | to get $25,000 for that month. So you take your 25,000 divided by four that needs to be broken up of No, we're going to use just one market and we're going |
| 388 | 01:11:38,460 --> 01:11:47,790 | to say my baby is es, okay. Emini, s&p, you're not worried about what NASDAQ Stillen you don't give a shit what Forex is doing, you don't care what crude oil |
| 389 | 01:11:47,790 --> 01:11:57,870 | is doing. You don't care what bitcoins doing, you don't care about the new coin coming out. You are focused on one market. That's it. You take your 25,000 |
| 390 | 01:11:57,870 --> 01:12:08,610 | Divide that by four, then you take that and divide that by five days. But you do set on saying that everyday trading, you're a new student, I'm trying to take |
| 391 | 01:12:08,610 --> 01:12:15,210 | your attention away from trying to be an everyday trader when you don't have to trade right now. There's time for all of that once you know what you're doing. |
| 392 | 01:12:16,020 --> 01:12:23,910 | You can trade every fucking session African, you know what you're doing multiple times in the same session, you can do it. You can buy and sell in the same |
| 393 | 01:12:23,910 --> 01:12:32,460 | session. Once you know what you're doing. Right now you don't know what you're doing. You're gonna hurt yourself. So if I'm going to teach you, I'm going to |
| 394 | 01:12:32,460 --> 01:12:39,630 | teach you the correct way. And that means I'm going to give you realistic timeframes for when things should be expected. What happens if you do really, |
| 395 | 01:12:39,630 --> 01:12:47,730 | really well? Could you do it sooner? Yes. But that shouldn't be your goal. You should be doing this with the intent that you're going to do it with these |
| 396 | 01:12:48,030 --> 01:12:59,880 | timelines in mind, with the intent that you're going to get good with the proper amount of time to allow you to develop into it. Okay, 10% like, Oh, that's a |
| 397 | 01:12:59,880 --> 01:13:13,560 | little too much for me. Now. Give me something more realistic. Okay. Let's say it's 3%. a month. Come on, Michael. Seriously. 3%? That's like your stop loss. |
| 398 | 01:13:13,920 --> 01:13:28,020 | Yes. But here's the thing to earn $50,000. If you have 3% Is your model. You're aiming for 3%? Can you hit 3%? In year one? per month? At the end of it? Yeah, I |
| 399 | 01:13:28,020 --> 01:13:35,310 | believe you can consistently, probably not every single month because you're still developing. But I think in the same frame of two and a half to three |
| 400 | 01:13:35,310 --> 01:13:48,270 | years. I think 3% every single month is absolutely doable. What's the math on that? Well, per turn $50,000 You're trying to get 3%, seven $7,500 per month. So |
| 401 | 01:13:48,270 --> 01:13:53,790 | you take that same thing, divide it by four weeks, and so we were thinking like this, anybody could do this as elementary math. Yes. But I want you to think |
| 402 | 01:13:53,790 --> 01:14:02,220 | about how you're not doing this. So it's so easy. You know the math, but you're fucking still working. Okay, you're still doing fucking oil changes to fucking |
| 403 | 01:14:02,220 --> 01:14:10,440 | Jiffy Lube. Okay, you're going to talk to me in the comment section about how you say this. You say that dude, if it's so easy, you do it. You record |
| 404 | 01:14:10,440 --> 01:14:21,240 | yourself. You go on Twitter, say what is going to go to next and you do it. Okay. And I'm gonna see you fucking flyboys dealing at CES 2500 hours on 22,500 |
| 405 | 01:14:21,240 --> 01:14:30,720 | our equity. So you funded with a quarter million dollars. You're aiming for 3% Now some of you you're thinking 3% Fuck that. That's not enough. Listen, folks. |
| 406 | 01:14:31,140 --> 01:14:42,120 | Listen to the math here. 7500 hours. Are you making $7,500 Right now your job? Is your boss. Love you so fucking much, that they're rewarding you for 40 hours |
| 407 | 01:14:42,120 --> 01:14:51,750 | or more a week? In the tune of 7500 hours a month. Chances are you're fucking not okay. Now some of you probably make more than that. And that's fine. That's |
| 408 | 01:14:51,750 --> 01:15:04,350 | great. Well done. You're still slave. But 7500 hours divide that by four weeks. It's 18 175 hours a week. Now, that's not a lot of money. That's not a lot of |
| 409 | 01:15:04,350 --> 01:15:12,150 | money. And it's the easy objective to reach, especially if you're working with a quarter million dollars. So you do the same thing. You break that up over points |
| 410 | 01:15:12,390 --> 01:15:25,260 | we're doing with the s&p right now. Okay? So, if you take $1,875, divide that by $50. That's one point, okay. Or one handle for ticks is one handle or one point |
| 411 | 01:15:25,260 --> 01:15:36,360 | and the s&p That's $50. Divide that by eight, divide that at home safe hours by 50. That means you have to earn a net gain of 37 and a half handles or points |
| 412 | 01:15:36,360 --> 01:15:50,820 | for the week. What? How am I gonna do that? Well, per day, it's only seven and a half points. That's easy shit. That's fucking easy. Now you split that day of |
| 413 | 01:15:50,820 --> 01:15:57,600 | seven and a half points into two sessions, you had the morning session, you had the afternoon session divided into lunch, you take a lunch hour, go play some |
| 414 | 01:15:57,690 --> 01:16:09,240 | PlayStation, Xbox, take a nap, whatever. Come back at 130 and work till four o'clock. And aim for what the same thing you tried to do in the morning, you got |
| 415 | 01:16:09,240 --> 01:16:21,180 | some hand points that you got to make. That's your that's your goal. That's all you're aiming for for the day, you try to get 3.75 handles, that's one tick less |
| 416 | 01:16:21,180 --> 01:16:30,120 | than four handles in the morning. And in the afternoon, so aim for four handles in the morning, aim for four handles in the afternoon. That covers your |
| 417 | 01:16:30,120 --> 01:16:44,430 | commission costs, and your net 3.75 handles. You do that every single day. Or if you're a swing trader, and you say hey, I can see something on the hourly chart, |
| 418 | 01:16:44,550 --> 01:16:55,230 | that's going to probably move 40 handles, well, then you just do one tray and you're done. But you can split this up into small, little tiny bite size pieces. |
| 419 | 01:16:55,560 --> 01:17:03,300 | And if you've watched what I've been doing, and you think that four handles is hard, you haven't been watching enough of my videos, you haven't been watching |
| 420 | 01:17:03,300 --> 01:17:17,610 | enough of my executions. Four handles is nothing like four handles that can happen in less than five minutes. Two minutes, like in some instances, a one one |
| 421 | 01:17:17,610 --> 01:17:25,710 | minute candle, it can do five handles. Because I'm taking you into the time when the markets likely to move like that. |
| 422 | 01:17:27,540 --> 01:17:38,280 | Aiming for a direction, or a bias that's attacking a pool of liquidity or aiming for an inefficiency. You're not looking at indicators, you're looking at shit |
| 423 | 01:17:38,280 --> 01:17:52,230 | that repeats over and over again. So you could be taking that to the to earn 50,000 Our account and parlaying that up to 7500 hours a month. Doing you know, |
| 424 | 01:17:52,320 --> 01:18:08,340 | around 80, some $1,000 A year not doing very much to do it. It's all about how you understand what repeats. I'm showing you these small little movements |
| 425 | 01:18:08,340 --> 01:18:21,870 | intraday, because when you look at all the social media stuff, they all show you these big, massive runs in price that they just got lucky with. I'm showing you |
| 426 | 01:18:21,870 --> 01:18:33,840 | week after week, day after day 100 handle moves 50 handle moves 30 handle moves. And I'm talking to you right now, about four handles. That's one less than the |
| 427 | 01:18:33,840 --> 01:18:54,180 | five handle model that my son uses. For handles works. That's easy. That's so easy. It's insane. And you can do just one to one gearing, and it's done. You're |
| 428 | 01:18:54,180 --> 01:19:12,690 | trying to make 3% per month on two or $3,000. What happens if you do that same thing each month with that same $20,000 account, and you let 3% compound over |
| 429 | 01:19:13,080 --> 01:19:23,910 | and over and over again. You're making six figures. You're not over leveraging ever, you're never going to blow the account. You're never going to wreck |
| 430 | 01:19:23,910 --> 01:19:39,000 | yourself and you're never aiming for something that's too hard or anxiety inducing. 6% per month doubles your account size. No matter how you slice it. No |
| 431 | 01:19:39,000 --> 01:19:49,830 | matter what you start with. At the end of the entire year. If you compound 6% every single month it's 100% return you have a million dollar account that you |
| 432 | 01:19:49,860 --> 01:20:03,300 | familiar with. Okay? And for 6% of ICT oh I see this shit. Okay, it's this math in sticking to the same multiplier, what's the multiplier? How do you get this |
| 433 | 01:20:03,300 --> 01:20:10,800 | four points? And you're thinking like, Okay, sounds all easy now just tell us how do we get those four handles? How do you there's four points? What have I |
| 434 | 01:20:10,800 --> 01:20:21,810 | been showing you? Aim for something? What's it reaching for? A pool of liquidity. Bias has nothing to do with it. Where is it at right now? Turn your |
| 435 | 01:20:21,810 --> 01:20:33,150 | charts on at 10 o'clock. Tomorrow, you're not trading. This is going to be a preview for the next week. You do not turn your charts on until 10 o'clock in |
| 436 | 01:20:33,150 --> 01:20:47,820 | the morning, New York local time. Find the most recent five or 15 minute high or low? What's the market done since the opening? In an NG for that? See which |
| 437 | 01:20:47,850 --> 01:20:55,410 | sites been ran out? Initially, if they've taken out the lows, and it's been run up, and it's created a short term high and it's retraced its chances are it's |
| 438 | 01:20:55,410 --> 01:21:08,040 | going to do what run that hole that hide it dismayed. If it offers four handles, then you execute in your not your demo, in your observance of watching price |
| 439 | 01:21:08,040 --> 01:21:19,680 | you're going to take read that. What am I looking for? A fair value got on a one minute chart. It will be there. That's the wonderful thing that you're gonna |
| 440 | 01:21:19,680 --> 01:21:34,230 | discover. Because all this stuff repeats on all these timeframes. You watch me do a 10 second trade on NASDAQ today. And yeah, it repeats over and over again |
| 441 | 01:21:34,230 --> 01:21:45,390 | on all timeframes. Because price is price. And price is not really referring to the things I'm showing you in charts. That's the language that I've used the |
| 442 | 01:21:45,390 --> 01:21:55,080 | bridge your understanding and what you don't and won't know about the algorithm. To there's a difference between people that will say with harmonic bullshit, |
| 443 | 01:21:55,260 --> 01:22:04,710 | okay, and retail logic splattered all over their chart, and say, That's what the banks use. This is the algorithm. Now that's, that's not that's retail bullshit. |
| 444 | 01:22:05,340 --> 01:22:16,410 | And that's why it's failing you, and you're blowing out publicly. And I'm showing every single day precision at work. Now, you don't have to like me, |
| 445 | 01:22:16,770 --> 01:22:25,200 | okay, we don't have to be friends at the end of this year. Okay, but give me the opportunity to make you into a fucking beast, okay? I don't give a shit. What |
| 446 | 01:22:25,200 --> 01:22:35,250 | you think about me as a person, I don't give a shit. If you'd like my personality. I don't think that even matters. Okay. But I am so ready. I'm so |
| 447 | 01:22:35,280 --> 01:22:44,100 | ready to transform all of you. But you have to be here, you have to show up. And you have to engage. And you have to study and you have to look at this shit and |
| 448 | 01:22:44,100 --> 01:22:53,640 | forget all the other shit you think, you know, put it all down. You don't believe me, I guarantee you, you will see right away. There's something totally |
| 449 | 01:22:53,640 --> 01:23:03,600 | different. Totally different when we're watching Real Time price action. Because it's going to be plain simple chart. And you're going to watch these candles, |
| 450 | 01:23:03,780 --> 01:23:12,840 | paint. And they're going to communicate with one another. They're going to react to one another. And they're going to live and breathe and move across the chart |
| 451 | 01:23:12,840 --> 01:23:20,760 | in a way that's going to make perfect sense. After several months of doing it, you're going to know exactly what it's doing. Without me saying it. And when you |
| 452 | 01:23:20,760 --> 01:23:32,130 | start hearing me say exactly what you're thinking, you understand exactly how to read the tape. You have done at that moment. learned a skill set that I can't |
| 453 | 01:23:32,130 --> 01:23:40,950 | write down in a book. I can't make a video for you. Because that's what you want. You want these five minute trainers learn ICT concepts in five fucking |
| 454 | 01:23:40,950 --> 01:23:50,880 | minutes, man seriously. You can't master it's been out there since last year. Okay. I want to see these individuals that are saying they can do it in five |
| 455 | 01:23:50,880 --> 01:23:56,730 | minutes, nice five minute video trainers. Go out and trade it live. Go out there on Twitter, like I'm doing call the level it's going to be traded to next and |
| 456 | 01:23:56,730 --> 01:24:05,460 | then record yourself doing a precision entry with a stop loss and targets being filled. Stop making five minute bullshit, okay, you can't learn this in five |
| 457 | 01:24:05,460 --> 01:24:17,610 | minutes. I can't compress three decades into fucking a year. I couldn't do it. It took several years to get this star. It's a so it's deep. It's very, very |
| 458 | 01:24:17,610 --> 01:24:26,400 | deep. And you can go really, really really far with your learning with this and become a you know, a freak with it. Like I am like it's to me, it's it's |
| 459 | 01:24:26,700 --> 01:24:38,490 | amazing. I love it. But you don't need to be like this to make money. You can just do what I showed you last year. And I said, that's beautiful. You can make |
| 460 | 01:24:38,520 --> 01:24:47,280 | all kinds of money with that. But what repeats every single day that these folks that will tell you don't have don't have a goal. Don't have a fucking goal, |
| 461 | 01:24:47,400 --> 01:24:58,260 | don't have a percentage return because math doesn't matter. And the logic they use in trading is flawed. So it makes perfect sense. They'll argue and say oh, |
| 462 | 01:24:58,650 --> 01:25:04,770 | you're going to show you a spread Sheet, they're gonna pull up a calculator, and they're gonna do this, I'm gonna do that. But they're not going to be able to do |
| 463 | 01:25:04,770 --> 01:25:12,450 | it because this that nothing, no bullshit I'm already showing you, I'm bringing the receipts that can read this shit real time on any fucking timeframe. Any |
| 464 | 01:25:12,450 --> 01:25:18,240 | timeframe I showed you with the daily chart I showed you with the weekly chart I showed you with a four hour chart, the hourly chart, the 15 minute chart, the |
| 465 | 01:25:18,240 --> 01:25:24,150 | five minute chart, the one minute chart the fucking second charts. 10 seconds now, folks 10 fucking seconds do I got to deal with one second chart because |
| 466 | 01:25:24,150 --> 01:25:37,890 | I'll fucking do it next week too. And you still will see doubters because they can't do it. Fuck them, they don't matter. They don't matter. They cannot hold |
| 467 | 01:25:37,890 --> 01:25:50,940 | you back. But you're going to let them some of you will let that bullshit creep into your head. And you will ignore the fucking evidence that I'm proving and |
| 468 | 01:25:50,940 --> 01:25:58,710 | showing and giving you a testimony every single fucking day. Here it is. It's right here again, here it is. Here it is. Take your attention to this chart. |
| 469 | 01:25:58,710 --> 01:26:00,750 | Look at that counter. It's gonna go here, it's gonna go there. |
| 470 | 01:26:05,580 --> 01:26:18,180 | You have to have a target. You have to? If you have no target, How the fuck can you measure your progress? Are you hitting the mark every single time you aim |
| 471 | 01:26:18,180 --> 01:26:29,220 | for it? How can you realistically gauge progress and development? You're going to be spinning your wheels, which is exactly why this fucking industry has |
| 472 | 01:26:29,460 --> 01:26:43,800 | breakeven to blow out 9% Club? First three months, that's exactly what happens. How many times have you seen me get it wrong? Yeah, how about that. And publicly |
| 473 | 01:26:43,800 --> 01:26:51,180 | doing it. I'm pointing to it. I'm calling it I'm recording myself doing how to fucking cherry pick it. I've already cosign on where it's going, you know where |
| 474 | 01:26:51,180 --> 01:27:02,760 | I'm aiming for, you know, the logic I use for trades. My trades are one sided. If you can paint the direction on both sides, that's not high probability, I |
| 475 | 01:27:02,760 --> 01:27:13,710 | wouldn't be in that fucking move. So you take that logic of knowing what we're looking for the multiplier is your setup your model, the thing that you trade |
| 476 | 01:27:13,740 --> 01:27:20,700 | over and over again, you don't give a shit about anybody else's pattern. You don't care what ICTs fucking trade and you don't know what anybody else in the |
| 477 | 01:27:20,700 --> 01:27:28,050 | community is doing. You don't give two shits what they're doing. You found your setup your model, what it was that look like? Well, I just showed you one the |
| 478 | 01:27:28,050 --> 01:27:39,180 | other day. I gave you a breaker that I thought was going to be something I can watch and see it melt down if it would have broke through, then I want to use a |
| 479 | 01:27:39,180 --> 01:27:52,410 | Faraday gap and I want done something with that trade. But I told you to wait, wait to the open and what and 15 minutes. And in that time period waiting, I saw |
| 480 | 01:27:52,410 --> 01:28:02,910 | what I was looking for. Wasn't going to pan out. And if I have a time limit or filter on saying I can't engage at 930 I gotta wait. I can't get in ahead of 930 |
| 481 | 01:28:02,910 --> 01:28:20,400 | I have to wait. Why? Pow. And we are two days away from CPI. And it's treated much like what non farm payrolls. So you have to be very, very diligent about |
| 482 | 01:28:21,990 --> 01:28:37,380 | keeping your your level of frequency and trade and engagement. Limited, be very, very selective on what you're trying to do. Because these market conditions you |
| 483 | 01:28:37,380 --> 01:28:49,980 | watched today is generally what you see coming into CPI. Big money starts sitting still. And the algorithm will paint sideways, run small little shallow |
| 484 | 01:28:49,980 --> 01:29:04,380 | runs above highs and lows intraday and just look aimless, like Eurodollar. It's still doing something 234 Or five handle PIP moves. But that's not what I want |
| 485 | 01:29:04,380 --> 01:29:12,150 | to be trading. Can I go on and do that? Just to prove it to you? Yes. But I want to teach you the right way of looking at a market. It's really moving. That's |
| 486 | 01:29:12,150 --> 01:29:20,850 | where I'm picking your attention. And I've been there for months. That's in the futures right now. And Forex might get crazy again. And if it does migrate right |
| 487 | 01:29:20,850 --> 01:29:26,280 | back over to Forex, but right now, the risk is too high for what it's getting out new. Thank you. |
| 488 | 01:29:31,470 --> 01:29:40,890 | So if you're looking at a pattern, like I was explaining, if I'm looking at something in the chart that might lead to a breakdown. But it's not doing it. If |
| 489 | 01:29:40,890 --> 01:29:53,160 | it's resisting it, then it's it's going to be a fade for me and I'll immediately override that waiting 15 minutes and buy it then accumulate my position in that |
| 490 | 01:29:53,160 --> 01:30:03,960 | breaker that would otherwise be what a premium array that would go short on if it's rejecting that It's saying no, I'm not doing that, then I have to do what I |
| 491 | 01:30:03,960 --> 01:30:10,830 | have to concede and say, Okay, I was wrong in my analysis by having that on my chart. And then I had to do what either make the decision to do nothing stand on |
| 492 | 01:30:10,830 --> 01:30:23,910 | the sidelines or reverse. So that's what I did. I went in, I built up and accumulated a long position inside that breaker showed you the balanced price |
| 493 | 01:30:23,910 --> 01:30:33,330 | range, I stopped loss was not going to be affected by it. And I trust me, my ego loves the fact that you're all astounded by that. But I have so much other shit |
| 494 | 01:30:33,330 --> 01:30:40,680 | that you're going to see this year that it's going to make that look like nothing. Okay, that's nothing, you're entertained by that. And that, to me is |
| 495 | 01:30:40,710 --> 01:30:50,760 | fucking crazy, because I'm going to show you shit that Tony Stark is going to wish you luck in his hands on nobody, nobody has the shit that I'm bringing this |
| 496 | 01:30:50,760 --> 01:30:59,910 | year. And I'm going to dazzle your ass. And it's going to be so much fun. It's going to be like I said, my victory lap and I'm going to be waiting as I go out |
| 497 | 01:30:59,910 --> 01:31:13,530 | in December, all the receipts will be there. And you'll have all the experience walking with it. You saw me reach for a target. Simple little fit projections |
| 498 | 01:31:13,530 --> 01:31:30,750 | and time. That's all that was. And I was one quarter of a point, one tick off the high end pieces me cuz I thought for sure, I was gonna nail the actual high. |
| 499 | 01:31:31,470 --> 01:31:40,560 | And I was off by one tick. And then it collapsed and went back down into take out the low, which was said was the balance price range? Which you're probably |
| 500 | 01:31:40,560 --> 01:31:48,810 | wondering, Okay, how did I know it was a balanced price range, that later on became a range that could have been taken out? Everything that is outlined? If |
| 501 | 01:31:48,810 --> 01:31:58,560 | it looks like a cell is setting up a cell and it's rejecting it, then it's going to do one of two things go consolidation, which I didn't see that happening? |
| 502 | 01:31:59,220 --> 01:32:09,180 | Because why pow the effect of him talking? Traders are going to be reading into that bullshit. I don't even know what the hell this guy says I No, ever care |
| 503 | 01:32:09,180 --> 01:32:17,460 | what he's saying. I don't care. I don't ever read this fundamental data. I don't read the reports, I could give two shits about what they'd say I don't care |
| 504 | 01:32:17,460 --> 01:32:27,870 | about that stuff. Because prices don't tell me everything. Because price is manipulating the minds and influencing all the decisions and every trader around |
| 505 | 01:32:27,870 --> 01:32:34,920 | the world that doesn't know what the fuck they're doing. And that's how I was able to look at something that was ready to do something. And I was like, Nope, |
| 506 | 01:32:34,920 --> 01:32:46,200 | that's not happening. Reverse is going on. And then boom, there it was. Went back into the new week app opening. I said I want to take 10 off there, you saw |
| 507 | 01:32:46,200 --> 01:32:55,620 | me do that. And into high the gap, it took something out there. And as it ran up, it had a nice expansion on the upside through that gap opening on Sundays |
| 508 | 01:32:55,620 --> 01:33:07,410 | opening that took another portion off, and then you watch me run right into the target only off by one tick. Folks, that's not luck. That's not luck. That's |
| 509 | 01:33:07,410 --> 01:33:16,620 | logic. It's not rooted on any horseshit out there. Not that John Murphy don't have it in his books. Everybody else out there talking horseshit, nothing, |
| 510 | 01:33:16,890 --> 01:33:29,160 | nothing. It's simple understanding of time and price and understanding market sentiment. You'll learn about that this year, I'm going to be talking about it |
| 511 | 01:33:29,160 --> 01:33:37,770 | every single day, I'm going to talk about where retail will see the marketplace and where those instances are where retail is armwrestling smart money, we are |
| 512 | 01:33:37,770 --> 01:33:47,340 | looking for those points, right then in there. That's when our high probability setups are occurring. That's your multiplier, that your pattern, that's the |
| 513 | 01:33:47,340 --> 01:33:55,530 | thing that you're going to do every single time you go in and look for a trade. That's what you want. If it's not there, guess what, you're doing nothing. And |
| 514 | 01:33:55,530 --> 01:34:01,740 | you're not going to regret it, you're not going to feel anxious, you're not going to fear missing out on something, because who gives a shit, someone's |
| 515 | 01:34:01,740 --> 01:34:07,080 | trying to break her over there who gives a shit, they're over here trading, institutional order flow entry drove there, who cares? If you're trading in a |
| 516 | 01:34:07,080 --> 01:34:17,190 | market maker bimodal. And you're, you're selling short, you're looking to sell short, who gives a shit? That's not your trade. That's not your trade. That's a |
| 517 | 01:34:17,190 --> 01:34:27,270 | quote on the scene, somebody else's significant other saying, Well, I'd like to get hold of that. But you're married to somebody else. You can't do that. I |
| 518 | 01:34:27,270 --> 01:34:35,220 | mean, I guess you could do it and get yourself in trouble. But the point is, is in trading, you don't want to do that. You cannot do that. You got to stick to |
| 519 | 01:34:35,250 --> 01:34:44,610 | what you are married to. And that's your model that your market. That's your multiplier, that thing that you're going to do over and over and over again. And |
| 520 | 01:34:44,610 --> 01:34:57,630 | that is going to be multiplied with the heavy lifting of money management. Because if you're aiming for 3% or 10% or 6% That's a static return that you're |
| 521 | 01:34:57,630 --> 01:35:12,900 | aiming for every single month. You Your risk need not be high to meet these thresholds in terms of returns, not even 1%. How about three quarters of 1%? |
| 522 | 01:35:16,080 --> 01:35:25,830 | What if you risk point seven, five, which is less than 1% risk, and nobody writes books about this shit, nobody makes videos on YouTube about this stuff, |
| 523 | 01:35:25,830 --> 01:35:36,780 | nobody makes courses, they don't teach their shit with this logic, okay? But if you're going to have the advantage of having funded account balances, which you |
| 524 | 01:35:36,780 --> 01:35:47,190 | really don't have, but they're gonna offer you that. And you're able to take money out, like you see my students all around the world doing now, I promise |
| 525 | 01:35:47,190 --> 01:35:55,740 | you, they're still trading way beyond where they should, because they want these big windfall victories, you don't want that. Now, when you first start out, you |
| 526 | 01:35:55,740 --> 01:36:07,410 | don't as much as you want to believe you want it. You don't want that. You want this shit to be steady, Eddy, easy money, something that's easy to do over and |
| 527 | 01:36:07,410 --> 01:36:15,870 | over and over again. You're not trying to flip your fucking account. You're trying to take money out of it, every single opportunity that you can take the |
| 528 | 01:36:15,870 --> 01:36:24,960 | money out, and they allow you to do a payout. You do it. But what I want to let it grow, fuck that. How do you know this company's gonna be existing six months |
| 529 | 01:36:24,960 --> 01:36:33,180 | from now? And what if you work that account up, and you build it up and you build it up and you build it up? And all of a sudden regulation steps and says, |
| 530 | 01:36:33,180 --> 01:36:45,180 | Yeah, we're going to change the way this is being done. You think it can happen? Nothing would surprise me anymore. Not then would. So as you make the money, you |
| 531 | 01:36:45,180 --> 01:36:53,520 | get the fucking money. You secure the bag, you pay your fucking bills, you get your ends meet. And there you go, you save some money up and get your own |
| 532 | 01:36:53,520 --> 01:37:05,430 | account. You have to have multiple streams of income, one stream of income isn't gonna be it. I'm a millionaire. And I still have multiple streams of income. I'm |
| 533 | 01:37:05,430 --> 01:37:14,640 | not going to bed at night sleeping about who's gonna watch my fucking videos. Okay? I'm not worried about am I going to ever get a trade tomorrow. I'm not |
| 534 | 01:37:14,640 --> 01:37:32,550 | worried about ever doing a mentorship ever again. Think folks, if you're worrying about money, you have a full time job in fear. And it doesn't pay well. |
| 535 | 01:37:34,080 --> 01:37:45,060 | It gives you officers, it gives you stress, it's toxic, it makes you miserable to be around. And I'm telling you had to change all that. Because if you don't |
| 536 | 01:37:45,060 --> 01:37:55,650 | change that mindset, and start seeing how this is obtainable. Your model need not be complicated, even though you might look at what I'm teaching, and see how |
| 537 | 01:37:55,680 --> 01:38:06,960 | intricate it could be. And sophisticated and in many ways. It need not be that way for you look what I've been able to do with last year's model. And you can |
| 538 | 01:38:06,960 --> 01:38:19,890 | simplify everything that I teach just like that. And like I said, I'm going to literally teach you late entries. After a move already started, I'm going to |
| 539 | 01:38:19,890 --> 01:38:31,110 | show you how to enter doing that. And it will still beat your fucking job easily, and you need not be afraid. I'm going to show you how it's not chasing |
| 540 | 01:38:31,110 --> 01:38:41,070 | price. I'm gonna show you the contrast of what chasing price is. And when it's not chasing price, but still offers you a low risk, high probability entry. |
| 541 | 01:38:43,500 --> 01:38:55,050 | Folks, listen, there is no excuse this year, you have no excuse zero, the only excuse you have is you didn't show up every day. And then there it is, I guess |
| 542 | 01:38:55,050 --> 01:39:03,660 | that's it. But if you show up every day, you have no excuse. I'm going to lay it in your hands, you're going to handle it, you're going to see it, you're going |
| 543 | 01:39:03,660 --> 01:39:10,260 | to feel that you're an experienced every aspect of seeing when the market is going to do this. And when it's going to do that. And when it's likely to fail, |
| 544 | 01:39:10,380 --> 01:39:13,260 | and you're going to see me get it wrong and how I'm going to engage it. |
| 545 | 01:39:16,680 --> 01:39:24,210 | You begged and pleaded and begged and pleaded and now I'm going to give it to you. So there's gonna be a lot of folks out there just want to watch and see if |
| 546 | 01:39:24,210 --> 01:39:32,760 | I get it wrong. That's fine. I want you to go into this with the intent that you're learning how to do this. And you're also going to see how often I get |
| 547 | 01:39:32,760 --> 01:39:43,770 | wrong. How often do I get it right? how often and how precise is what I'm going to show you and where the market goes. That can't be faked. And there will be no |
| 548 | 01:39:43,800 --> 01:39:57,000 | other recourse for anybody else to say, well, it's luck, or it's cherry picked. How can I transfer cherry picking logic? People out there doing it they're |
| 549 | 01:39:57,000 --> 01:40:10,140 | making money. So how can anyone argue against this, when you are going to get a free ride for the whole year, the good ol ICT the benefits of knowing what your |
| 550 | 01:40:10,140 --> 01:40:19,740 | multiplier is and your model is that you will know exactly what you as the trader are going to do. You're not trying to keep up with somebody else on |
| 551 | 01:40:19,740 --> 01:40:27,210 | social media, you're not trying to keep up with me. You're not trying to win some kind of bullshit contest. You're in here trying to make money. That's it. |
| 552 | 01:40:27,420 --> 01:40:38,580 | That's all boils down to making money and enjoying and having fun. Making Money doesn't need to be fucking boring and stuffy. But it needs to be easy. Because |
| 553 | 01:40:38,580 --> 01:40:47,280 | if it's not easy, you're not going to stick with it. Because if it's easy, you'll be able to do what you'll be able to whether doing it wrong once in a |
| 554 | 01:40:47,280 --> 01:40:57,390 | while. Oh, okay, should I did that wrong? Okay, it's no big deal. Why? Why should you be carefree and light hearted about taking a loss? Because your |
| 555 | 01:40:57,390 --> 01:41:07,710 | model, your multiplier will still fucking work. You just did something. Iranian, he watched me do it today. I could have kept that from you today. When I was |
| 556 | 01:41:07,710 --> 01:41:15,900 | closing the house next to my son. I said, Okay, look, Dad's going to short this here and a really sloppy, ugly range. I said, go through all those candles, what |
| 557 | 01:41:15,900 --> 01:41:25,650 | do you see? He goes, I see that, that fair value gap that I said, that's what I'm aiming for. I'm looking through all those fucking ugly candles. And I'm |
| 558 | 01:41:25,650 --> 01:41:34,230 | looking right there. Because that's exactly what the algorithm sees. It's not looking at every single one of those individual one minute candles, it's looking |
| 559 | 01:41:34,230 --> 01:41:40,620 | at what that fair value got and trying to get back to it, return back to it, return back to it in return. And then it's going to do what it's going to |
| 560 | 01:41:40,620 --> 01:41:54,660 | reprice lower. To that fair value, got that shaded in blue. It has six on and I took three off as it was I was updating online saying Okay, so my son's gonna |
| 561 | 01:41:54,660 --> 01:42:00,750 | watch this Caden, it's gonna go below here. And that's gonna take off three below that and just how are you shooting down real quick, by the time I hit the |
| 562 | 01:42:00,750 --> 01:42:07,590 | line drop off. Okay, let me just hit it. And then I put my thumb over top because it's a touchscreen laptop. And yes, I use a laptop. When I'm on the |
| 563 | 01:42:07,590 --> 01:42:18,180 | internet. Whenever I'm doing anything on YouTube, I'm on, I'm on that my screens are on a different ISP. I let nothing no one's sharing my ISP. I never send |
| 564 | 01:42:18,210 --> 01:42:28,170 | emails through that. Nothing. Nothing is linked to any of my account, holding computers, none of that shit is like that. So yes, I use a laptop and my |
| 565 | 01:42:28,170 --> 01:42:38,490 | screens, touchscreen. And I had my thumb on the upper left hand corner on the hot buttons for buying back the short. So when I went to tap the first time, it |
| 566 | 01:42:38,490 --> 01:42:46,170 | was already set to the cover three of them. And then I hit it again, and covered it. And then I was moving the screen and then uh, bumping it one more time. And |
| 567 | 01:42:46,170 --> 01:42:54,600 | it ended up putting me long three contracts. So I'll turn to my son, that's okay. Look at that. Just it. I'm in the position, covering it, covering it, and |
| 568 | 01:42:54,600 --> 01:43:05,190 | then I hit it one more time. So now right now, if it keeps going down, dad will lose. So I have to do what how do I fix this? So you're watching a sped up |
| 569 | 01:43:05,190 --> 01:43:12,330 | version of it. I'm giving the dialogue what I was telling him at the time, I type it out for you in the in the recording nonetheless. But I said right now, |
| 570 | 01:43:13,110 --> 01:43:25,530 | I'm net long in a position, but by air. I'm not trying to profit. But I've done something as a human that was not correct. So I saw this a couple times in the |
| 571 | 01:43:25,560 --> 01:43:33,930 | tweets too. They're like, but you just got done telling us if it was a mistake, we should get out right away. Yes, that's you, you don't know anything. So to |
| 572 | 01:43:33,930 --> 01:43:43,440 | keep the market from crashing you or beating you up and making you feel like a fool. I've done this a little bit. I have not been to this rodeo a couple times. |
| 573 | 01:43:43,440 --> 01:43:53,550 | So I know what it feels like to be doing it. And if I make an error like that, if it's feasible for me to do it, I will fancy dance and finesse my exit to |
| 574 | 01:43:53,550 --> 01:44:04,710 | cover the costs. Now I've done that before and it has handed me my ass. Don't get it wrong, okay, because I've done this, and it's been ugly. But because of |
| 575 | 01:44:04,710 --> 01:44:13,620 | ICT and I got a little bit of a fucking ego, I'm going to show you and like I showed my son. That's usually what I'll try to do. Unless it's really a fast |
| 576 | 01:44:13,620 --> 01:44:22,680 | market, which it wasn't today. It was just a really choppy, just doing the normal bullshit of a consolidation market. So I felt pretty confident that the |
| 577 | 01:44:22,680 --> 01:44:32,070 | bottom end of that fair breakout wouldn't be pierced. And it would be allowed me to go back up and allow me to get out of that. And you watch me do it. So |
| 578 | 01:44:32,070 --> 01:44:42,450 | there's a distinction and also a context apply to Yes, I can trade outside of what I taught in last year's model. Yes, I can trade outside of Killzone. Yes, I |
| 579 | 01:44:42,450 --> 01:44:51,600 | can trade outside the times I've given you. Well, I want you to do that. I want you to learn what I taught. How's that work? Okay, I'm not obligated to dance |
| 580 | 01:44:51,600 --> 01:45:00,300 | for you. But if you're here to learn how about working within the rules I've outlined for you, instead of trying to color outside the lines like I do. I can |
| 581 | 01:45:00,300 --> 01:45:09,960 | use that model. But I want to broaden your expectations as a developing student where you're not limited to just that. I want you to have more independent |
| 582 | 01:45:11,100 --> 01:45:24,600 | mindset where you're not trapped into one mold. That model that I gave last year is beautiful. It's perfect. It's nothing needed. And it's so perfect. But it's |
| 583 | 01:45:24,600 --> 01:45:36,540 | not enough for me. Because I am a nut with this shit. Like, I want to be everywhere. I want to be everywhere in everything. Because I'm obsessive, I |
| 584 | 01:45:36,540 --> 01:45:45,180 | can't fix that part of me. So don't get mad because I can go on there and do other shit. I'm not trying to I'm not trying to distract, distract you, or |
| 585 | 01:45:45,240 --> 01:45:51,690 | derail you from falling, what I've put out last year, some of these people that have gone through and found profitability, they don't give a fuck what I'm |
| 586 | 01:45:51,690 --> 01:45:58,440 | teaching for now. And they don't care. They'll watch it for entertainment value. But they're not getting changed from what they're doing right now. They know |
| 587 | 01:45:58,440 --> 01:46:04,680 | they found their shit. That's their multiplier, that's their model, that's the thing they're going to use to make money. They're not going to deviate from that |
| 588 | 01:46:04,710 --> 01:46:11,280 | they don't give a shit who's coming out with something new. They knew exactly how they're making money, they know their way to work. And they knew their way |
| 589 | 01:46:11,280 --> 01:46:24,510 | home. That's what you're looking for. And for some of you, it might be a forced engagement outside of the times that I've given you, you have a job, okay, you |
| 590 | 01:46:24,510 --> 01:46:32,400 | have to get up a little bit earlier. That doesn't necessarily mean you got to train in London, it just means you might have to do something a bit earlier. And |
| 591 | 01:46:32,400 --> 01:46:44,640 | guess what four to five handles can be found before 830. And simple stuff, folks. But will you be able to trade the entire daily range. If you're trading |
| 592 | 01:46:44,640 --> 01:46:56,610 | before 830, probably not. Because you're trading ahead of the manipulation. So you can't, you can't be in traffic driving during 830. And if you're in traffic, |
| 593 | 01:46:56,640 --> 01:47:02,400 | you know, there's an accident. And now you're looking at the marketplace, all of a sudden your phone doesn't have connection, and you can't get to your broker to |
| 594 | 01:47:02,400 --> 01:47:14,130 | get out of a trade. You don't want to be in that situation. So you're going to have to find a way to engage. Or you simply can't trade. And for some of you, |
| 595 | 01:47:14,160 --> 01:47:24,780 | that's going to be a brick wall that you don't want to engage or meet and come to terms with. But you're going to have to make changes in your life, some of |
| 596 | 01:47:24,780 --> 01:47:36,930 | you will have to do that, to be able to do this for a living. And there's no way around it. Unless you're trading a daily chart, which as you can, you're gonna |
| 597 | 01:47:36,930 --> 01:47:45,630 | have to have really wide stops, really, really, really small positions and takes forever for your trades to pan out. But it can still be done. You can make 3% |
| 598 | 01:47:45,660 --> 01:47:57,360 | using a daily chart, never even traded a lower timeframe. There's nothing says that that can't be done. It can I personally can't do that. Because Well look, |
| 599 | 01:47:57,420 --> 01:48:09,420 | today, I can look at a 10 second chart, and see dozens of trades inside of three hours. I can be in here, firing them off, boom, boom, boom, boom, Tommy gunning |
| 600 | 01:48:09,420 --> 01:48:22,530 | it, just laying it out there and have a field day, which is exactly what I was doing. With those empty forecasts, everybody claims was what? Empty for server, |
| 601 | 01:48:22,560 --> 01:48:34,650 | That's some bullshit. Look what I'm doing on TradingView with a 10 second chart, that's the same shit I was doing. Using my charts to the empty for see my |
| 602 | 01:48:34,650 --> 01:48:46,500 | charts, and then timing with the NT four platform. So when I was running up those million dollar accounts, nothing was done with trickery. Every position i |
| 603 | 01:48:46,680 --> 01:48:58,860 | every single position that I did a new pyramid in, I was risking four, sometimes 5% on every new position. If you're drilling it that hard, and you keep building |
| 604 | 01:48:58,860 --> 01:49:05,880 | and building and building and it doesn't take long to build it up, folks. It does not take long to do that. But you have to know what the fuck you're doing. |
| 605 | 01:49:07,230 --> 01:49:13,350 | And over a course of a month and two months, three months, shit, it's just math. It's just math. |
| 606 | 01:49:15,120 --> 01:49:28,440 | But for some of you out here, especially Goldman Sachs, alumni. You couldn't accept it. Too fucking bad. Sucks to be you. But you're all going to get a taste |
| 607 | 01:49:28,440 --> 01:49:39,840 | of all that fun stuff this year. And have all kinds of fun with ICT live. And when you have all this information in front of you, at the end of this year, all |
| 608 | 01:49:39,840 --> 01:49:47,940 | the things you're going to look back and say these are the questions I had that I thought they were paramount, and they they were hindering my learning when |
| 609 | 01:49:47,940 --> 01:49:57,180 | they should have never been a cause for concern. You're going to know exactly how to go forward without me you won't need to watch my videos. You won't need |
| 610 | 01:49:57,180 --> 01:50:05,520 | to come back and see what I'm talking about. You won't need to have a hand and help experience with me, you will be independent. You won't need to buy some |
| 611 | 01:50:05,520 --> 01:50:14,790 | bullshit software, you won't have to be subscribed to nobody's signal service, you won't have to be part of some fucking discord, chat room, Telegram, fucking |
| 612 | 01:50:14,790 --> 01:50:23,790 | Facebook groups, all that bullshit. That's all distraction. You want to be living your life, not chained the social media, fuck social media, but Twitter, |
| 613 | 01:50:24,270 --> 01:50:35,250 | fuck all of it. Because it's a drain. And once you get to that point, when you can sit back and say, Okay, I know exactly what I'm doing. I know what I'm |
| 614 | 01:50:35,250 --> 01:50:46,140 | looking for, I know when I should not be doing it. Right there, that right there puts you in the upper 5%. Because most people don't know that. They don't know |
| 615 | 01:50:46,140 --> 01:50:51,720 | what the fuck they're looking for. They're reacting, oh, price has been going up, it's probably going to keep bugging going up. And then you go in and do what |
| 616 | 01:50:51,720 --> 01:51:02,280 | you buy the high. And it retraces a little bit. And you say, Okay, I've done, I gotta get out of this. You get out and then it rips higher. And you think nobody |
| 617 | 01:51:02,280 --> 01:51:13,350 | makes money? No, you just fucked up, you'll know what you're doing. Contrast with, I don't know, I shouldn't touch this, but I'm going to observe it. I'm |
| 618 | 01:51:13,350 --> 01:51:20,400 | glad I didn't do that. Because if I would have done what I used to do, I would have lost money. And then by doing that week, after week, seeing the times when |
| 619 | 01:51:20,400 --> 01:51:34,740 | you shouldn't be trading, you get grounded. You don't feel like you're missing anything. You don't miss anything. Yet, there's gonna be moves. If you go down |
| 620 | 01:51:34,740 --> 01:51:48,720 | to a 15, second, or 32nd chart, and look at the two o'clock to four o'clock hour, you can see all kinds of model 2022 setups in there. Over and over and |
| 621 | 01:51:48,750 --> 01:52:01,920 | over again. Both directions. There's plenty of setups. That's what these high frequency algorithms are doing, folks. They're not trading on five minute |
| 622 | 01:52:01,920 --> 01:52:12,570 | charts. Okay, they're on the second charts. They're way below where you're paying attention. And they're firing off over and over and over and over again. |
| 623 | 01:52:15,990 --> 01:52:26,280 | And there's a marriage between that algorithm that seeking to engage with the algorithm that delivers price in the marketplace. And that's the that's the real |
| 624 | 01:52:26,280 --> 01:52:35,490 | dance. That's the that's the soiree that takes place every single market day that no one's talking about. No one's talking about it because they don't know |
| 625 | 01:52:35,490 --> 01:52:45,180 | fuck they're talking about when they're looking at charts with harmonic this and that, moving averages and horseshit. None of that stuff makes these markets go |
| 626 | 01:52:45,180 --> 01:52:57,720 | up and down, none of it. It's money. It's the liquidity that orders and if it's not the orders where it's going to, it's going to go there with the intent to do |
| 627 | 01:52:57,720 --> 01:53:07,590 | what Create IT and engineering. And they're gonna come back and get it later on. But you're looking at the depth of market thinking you're figuring this shit |
| 628 | 01:53:07,590 --> 01:53:17,010 | out. I got level two baby. I Steve's full of shit. He's looking at order blocks. I got all this. Yeah. Put your chart on the fucking screen. Live when I'm doing |
| 629 | 01:53:17,010 --> 01:53:24,600 | it. And you call every minute Canada like I'm gonna fucking do. I'm gonna paint you a fucking Picasso every fucking day of fucking every time I get on that |
| 630 | 01:53:24,600 --> 01:53:34,380 | fucking like dream. You're gonna see something. I'm gonna paint a fucking money. Okay? It's gonna be beautiful. I'm gonna choke you sons of bitches that doubt |
| 631 | 01:53:34,410 --> 01:53:44,190 | all this stuff is algorithmic because you're gonna have nothing, nothing to say? Nothing. And you're all gonna be converts. By the end of the fucking year. Okay, |
| 632 | 01:53:44,340 --> 01:53:51,210 | you might be secretly converted. But you're gonna be converted. You're gonna be watching every fucking video ever made. Download and everything yourself. I'm |
| 633 | 01:53:51,210 --> 01:54:04,740 | gonna KCS and deleted off. I'm not don't come Don't worry. But I can't wait for all of you to have the confidence. You think this is arrogance? It's not. I |
| 634 | 01:54:04,740 --> 01:54:17,580 | already know what their fucking markets doing tomorrow. I know it's going to do on Thursday. Part. Li not CPI. That's the part I can't do. I don't care. I'll |
| 635 | 01:54:17,580 --> 01:54:29,190 | stand aside let it do what it needs to do. But guess what happens after 2030 minutes after that happens. I'm in there again. They can't stop you from doing |
| 636 | 01:54:29,190 --> 01:54:37,590 | this folks. Until they turn the markets completely off. They shut the show down completely. There is no way they're gonna stop you from doing what I'm teaching |
| 637 | 01:54:37,590 --> 01:54:49,140 | you there's no fucking way they can. That's that's the understanding you get once you see what it is I'm teaching you. There's no fucking way that they can |
| 638 | 01:54:49,140 --> 01:54:59,700 | stop you from doing this. There's no reason for you to fear it not working in the future. This is how the markets fucking work. How hard is that to understand |
| 639 | 01:54:59,790 --> 01:55:11,520 | like This is it. This is the source. This is it. You're going right to where the rubber meets the road. And that's exactly what these folks tell you not to have |
| 640 | 01:55:11,520 --> 01:55:21,150 | monthly goals. Don't know they can't stand when I'm out here every single day telling you what's about to happen and happens there punch in the fucking air to |
| 641 | 01:55:21,150 --> 01:55:27,450 | flipping the fuck out. You're talking in little circles a little discord in your fucking chat rooms. Right? If he's a fucking dick, you know, get in. He's over. |
| 642 | 01:55:27,450 --> 01:55:32,220 | You're talking this bullshit. He's already cherry picking cherry picking what motherfucker, I'm putting it out there in public, everybody sees it. |
| 643 | 01:55:38,729 --> 01:55:49,919 | And when you have this skill set, you're going to feel exactly what I feel. And some of you that are weaker, and younger, you're going to do the same shit I did |
| 644 | 01:55:49,919 --> 01:56:02,819 | when I was 20 some years old. I was the biggest dick, the biggest prick there ever was. And you can hear sometimes, it's still in me that young man still |
| 645 | 01:56:02,819 --> 01:56:14,099 | likes to raise his head up once in a while. But oh man and me. Just to remind him sit the hell down. But that he met me and me is still there. But you're |
| 646 | 01:56:14,099 --> 01:56:24,029 | going to feel what it feels like to know what you know. And nobody can take it away from you. Nobody can make you forget about it. They can't discount it. They |
| 647 | 01:56:24,029 --> 01:56:32,969 | can't say it doesn't work. Who gives a fuck? How many people are gonna doubt you? Listen, you start making 50,000 hours of fucking month how many people will |
| 648 | 01:56:32,969 --> 01:56:43,949 | it take for you to be convinced that what you're doing is bullshit? How many? How many people will it take for you to be convinced that you making over six |
| 649 | 01:56:43,949 --> 01:56:53,879 | figures every six fucking months consistently? How many people will it take for them to convince you that what you're doing is a waste of your fucking time? How |
| 650 | 01:56:53,879 --> 01:57:09,269 | many people does it take you to do that? There ain't enough. There ain't enough. And you're going to understand you're bulletproof. Who gives a fuck? Who likes |
| 651 | 01:57:09,269 --> 01:57:19,019 | you and doesn't like you? Who cares? Is it gonna change how you sleep where you sleep, how you eat, how you raise your children know what you do what you what |
| 652 | 01:57:19,019 --> 01:57:28,439 | you do with your money is your fucking business. You don't owe anybody explanation what the fuck you're gonna do with your money, none. But they're all |
| 653 | 01:57:28,439 --> 01:57:37,139 | going to tell you what you should be done with it. What you shouldn't have done with it. So don't even invite them into the conversation. You got to keep these |
| 654 | 01:57:37,139 --> 01:57:44,369 | types of people, which is the public, the social media, fucking clowns, they're all going to pretend they know something better. And they ain't bringing shit to |
| 655 | 01:57:44,369 --> 01:57:59,459 | the discussion. To let them influence anything in your development is stupid. Look around, there's people making real money, respectable levels of money. And |
| 656 | 01:57:59,459 --> 01:58:09,149 | they made it without their own money, which is even more crazy. Now. Think about it. If I would have had opportunity to do what you all have today. When I was |
| 657 | 01:58:09,149 --> 01:58:20,189 | younger, man alive, I don't even know where to help be like I don't know. Like that's like you are in a period of time where you need to learn how to do this |
| 658 | 01:58:20,189 --> 01:58:29,219 | properly, and seize this opportunity. Because it may not be here at all. And don't let that be a rush are going to learn to do it quicker. And I'm going to |
| 659 | 01:58:29,219 --> 01:58:39,629 | do it fast now because I can't trust the ICT even thinks it's gonna go away. It's just my opinion, my opinion is just that. It's not. It's not how things are |
| 660 | 01:58:39,629 --> 01:58:49,919 | gonna pan out. That's how I interpret it. Do you do you have time to do it? Yeah, I think you do. There's a lot more people out there losing money and |
| 661 | 01:58:49,919 --> 01:58:57,479 | having to reset their account. That's how they make their money. But I'm really interested to test that fucking shit and make more profitable students and see |
| 662 | 01:58:57,479 --> 01:59:07,799 | what company I can shut the fuck down. I was literally telling Kayla, though the bass said, You know what, it would be fucking great if I could get into one of |
| 663 | 01:59:07,799 --> 01:59:17,579 | these companies, but not let them know it's me. Like, I don't want to be known because right away, it's gonna be like, oh shit ICTs here. Don't let me in the |
| 664 | 01:59:17,579 --> 01:59:24,899 | door because they want to copy everything I'm doing. But I want to go in under the radar. Right and I think last time I saw I saw that go under radar going |
| 665 | 01:59:24,899 --> 01:59:32,519 | there and make a little bit the first month shit myself that second third month, bring it down to you like a 50% drawdown and then creep back up, creep back up, |
| 666 | 01:59:32,669 --> 01:59:41,519 | and then go up, you know, two or $3,000 $3,000 and then lose half of it. Because that way they feel like okay, they're gonna they're gonna blow their account |
| 667 | 01:59:41,519 --> 01:59:50,519 | this given time, and then run that ditch up to like $3 million and see if they'll pay out. Like, honestly, like, I don't know if they could do that. Could |
| 668 | 01:59:50,519 --> 01:59:57,959 | they could they cash that check? Because honestly, that's exactly what I was telling you like that. That's like, you know, I'm so tempted to do that shit and |
| 669 | 01:59:57,959 --> 02:00:09,929 | 2024 just under the radar. Just like this, try this, Martin. I don't know much about the Prop firms and shit like that. But that's exactly what I've been |
| 670 | 02:00:09,929 --> 02:00:16,019 | contemplating. Because once I'm done teaching, I'm going to be doing on a personal shit. But doesn't mean I'm disappearing off the fucking planet, you |
| 671 | 02:00:16,019 --> 02:00:25,019 | know, I'm going to still be on YouTube and doing stuff just not to the green level you're seeing now, but I have a lot of a lot of things I want to look |
| 672 | 02:00:25,019 --> 02:00:33,269 | into. And that's one of the things I've contemplated doing. But I think I've covered pretty much everything here. Gotta go through one niche real quick here. |
| 673 | 02:00:39,900 --> 02:00:49,740 | Yeah, I think I covered everything I want to talk about. So in short, and in closing, I didn't think I was going to be this long to be honest with you. But |
| 674 | 02:00:49,770 --> 02:01:02,580 | I'm feeling better. I'm glad. Thank you for concerns and your sentiments shared. You need to have a goal. And that goal needs to be realistic. Now notice, I did |
| 675 | 02:01:02,580 --> 02:01:16,110 | not say 50% a month. I didn't say 30% a month. I didn't say 20% a month. I think the upper echelon of consistently profitable and realistic rate of return per |
| 676 | 02:01:16,110 --> 02:01:31,950 | month is 10%. As you get higher up in your money, you start using big sizes and large account balances and such. You don't want to increase the rate of return. |
| 677 | 02:01:33,000 --> 02:01:43,410 | On a short term, duration, like a month, you don't want that. You as you make more money, you want to gradually reduce the level of what you're aiming for, |
| 678 | 02:01:43,410 --> 02:01:57,630 | which makes your job easy. You don't ever want to create a olympic size you feats that you have to accomplish. Okay, let me give you an example. The Robins |
| 679 | 02:01:57,630 --> 02:02:04,050 | Kotnis, everybody hears me talk about this stuff. And this is why I tell everybody that if they have shit to talk me and go over there and do it, you |
| 680 | 02:02:04,050 --> 02:02:13,590 | know, I want to I want to see you do that. Okay, and they don't ever do it. That's a real competition. It's got real traders in it. A lot of names keep |
| 681 | 02:02:13,590 --> 02:02:26,520 | popping up every single year. They may or may not win it. But the place and I have a lot of respect for that. Every single one, those individuals that start |
| 682 | 02:02:26,520 --> 02:02:37,140 | that competition. And here's an experience for you to watch going forward for this year. They haven't updated anything for 2020 threes results yet. So I'm not |
| 683 | 02:02:37,140 --> 02:02:45,420 | sure you know when they'll put it up. But the first time they post it, I look at it every single day. And I love studying throughout the year, because you can |
| 684 | 02:02:45,420 --> 02:02:55,200 | see the same thing, the faces that show up initially in the first month or so they fade in and out. Sometimes you never see them again, sometimes they'll fall |
| 685 | 02:02:55,200 --> 02:03:04,530 | off, they'll come back, someone will fall off and come back and then get really high up there. Because they're pushing harder than they need to. And everybody |
| 686 | 02:03:04,530 --> 02:03:12,660 | I'm sure when they first sign up, they just want to win it. And then something happens when they get in there. They feel like they got to do more and more and |
| 687 | 02:03:12,660 --> 02:03:21,150 | more and more and more when really they shouldn't be doing what I'm showing you here, doing something consistently over again, over again over again and |
| 688 | 02:03:21,150 --> 02:03:31,170 | stopping. And if you watch how they if they draw down, their draw downs are gonna be huge. Because they're doing everything I said in this discussion |
| 689 | 02:03:31,170 --> 02:03:41,040 | tonight. When they have a losing trade, they're trying to correct it right away. They want to put an eraser on that mess up trying to keep the level of |
| 690 | 02:03:42,990 --> 02:03:56,370 | performance at its highest. That's unsustainable. That part of trading is unsustainable. Nobody can sustain the highest equity amounts, I have drawdown, |
| 691 | 02:03:56,670 --> 02:04:07,710 | everybody's gonna have drawdown. Okay. If you're going to be trading competitively this year, the worst thing you can do is to believe that you can |
| 692 | 02:04:07,710 --> 02:04:20,280 | hold on to your highest threshold of performance. That is, that's the pitfall. That's the trap. Okay. Every other trader in that competition and any other |
| 693 | 02:04:20,280 --> 02:04:28,680 | competition like it is going to be balls to the wall, always going in there trying to do the best they can and trying to fix any errors as soon as they have |
| 694 | 02:04:28,680 --> 02:04:40,950 | it. That's where you do it differently. If you get knocked down, stay down for the day. Everybody else is gonna be having those same things happening to them. |
| 695 | 02:04:41,880 --> 02:04:52,740 | That losing trade, that drawdown that one trade turns into three losing trades and now you're down 5% 10% You know, that's completely avoidable. Go into full |
| 696 | 02:04:52,740 --> 02:05:02,970 | Max last days. That's completely avoidable. You're not impressing anybody by doing that. In fact, you're doing the opposite. You're showcasing a lack of |
| 697 | 02:05:02,970 --> 02:05:15,480 | discipline. And you're showcasing complete recklessness. And if you're trying to be a champion trader, you're trying to be a championship contest winning trader, |
| 698 | 02:05:16,560 --> 02:05:24,960 | your goal is to preserve capital first, because the understanding is everybody else is gonna shit the bed eventually. That's what happens every night. You all |
| 699 | 02:05:24,960 --> 02:05:34,470 | hear me talk about it. Everybody's like, why is he always talking about because it's amazing to study the psychology behind it. But you, you leave this as a |
| 700 | 02:05:34,470 --> 02:05:42,360 | beautiful illustration of what goes on to a traders mind. I respect every single one of those individuals that go into that, because they're doing it, and |
| 701 | 02:05:42,360 --> 02:05:50,580 | they're wrestling themselves. That's who's beating them. The other trader that wins the competition, they didn't beat them. They lost to themselves, because |
| 702 | 02:05:50,580 --> 02:06:02,010 | every single one of those individuals could win. But how they, how do they deal with losing? It's bad enough, if you take a losing trade, and that sucks. It's |
| 703 | 02:06:02,010 --> 02:06:09,840 | not fun. But when you lose, and you go back and you try to fix it, you lose again. And it's worse. And now here's the thing, if they see your name on there, |
| 704 | 02:06:10,590 --> 02:06:19,560 | and they can see how much damage you've done to yourself. The worst thing that can happen is your name show up and then you fall off. And never to be seen, |
| 705 | 02:06:19,560 --> 02:06:31,140 | again, that's shameful. As a trader that's new, seeking cloud or talking shit on the internet. That is a, that's something that no trader wants to feel that. So |
| 706 | 02:06:31,140 --> 02:06:41,490 | they're going to try to do what race to the top of the mountain, be the first one there. And then they'll take whatever comes after that. And what happens is, |
| 707 | 02:06:41,520 --> 02:06:52,680 | they'll get up there. For whatever reason, it gets them to the highest point on that competition leaderboard. They'll see somebody coming up quick. And they |
| 708 | 02:06:52,680 --> 02:07:02,160 | might be over leveraging like not, and getting lucky. And being you know, boom, boom, boom, boom, boom, and big name movement in the leaderboard, and they |
| 709 | 02:07:02,160 --> 02:07:10,020 | think, Oh, shit, this person's gonna let me I better start putting some work behind them. And getting in there, no more trades and do more leverage. And you |
| 710 | 02:07:10,020 --> 02:07:20,010 | don't use a stop loss of the can't afford to get stopped out and they start abandoning sound logic. Not realizing that if you look at what goes on in that |
| 711 | 02:07:20,010 --> 02:07:31,350 | competition, very rarely does anybody come out the gate consistently not have a lot of drawdown, and just keep chipping away moving up, and up and up and up and |
| 712 | 02:07:31,350 --> 02:07:47,190 | up. Nobody, nobody does that. There's never been a year and I've watched it since 1996. Every year, and it's such a fascinating study of human psychology, |
| 713 | 02:07:47,190 --> 02:07:56,280 | like you got to put yourself in these positions, that these folks are feeling the pressure of the people underneath them. And sometimes hot shots come in |
| 714 | 02:07:56,280 --> 02:08:09,900 | there. Now I've watched a couple of them come in, and I'm like, Damn, he's up 500% In one day, and then are gone. Never seen again. But 500% That's nuts. |
| 715 | 02:08:10,020 --> 02:08:24,300 | Like, that's a lot in one day. Come on like that. Boom, boom, boom. I'm about to butcher this guy's name properly. But I apologize if I did. Kevin stufflebeem. |
| 716 | 02:08:25,860 --> 02:08:39,360 | He was doing really good. Like a year ago, and he had the second highest rate of return on the Robins cup. And I was tweeting at the time, I was like, hey, look, |
| 717 | 02:08:39,930 --> 02:08:50,130 | if he just would just stop, like, just stop. Don't do anything more like you have it. Like you're the second only person above him was Larry Williams. Now |
| 718 | 02:08:50,130 --> 02:09:02,220 | there's a huge chasm difference between 11,000% and 14 100% are just underneath it. That that's it, you're you're the second highest one and just sit back and |
| 719 | 02:09:02,220 --> 02:09:12,450 | watch everybody break themselves trying to get to you. That would be fun. I would enjoy seeing that. Because I'd be there laughing with them. Like I'm |
| 720 | 02:09:12,450 --> 02:09:22,440 | watching people come up, they get real close to them. And then they try to pass them in a break themselves down and down 3040 50% 100% to 1%. And they fall off |
| 721 | 02:09:22,440 --> 02:09:31,290 | and come back again. It's it's a fascinating. It's like watching Netflix. That's NASCAR for me. Okay, and that's why I like that competition. That's why I always |
| 722 | 02:09:31,290 --> 02:09:41,250 | talk about and some of you just think I have this morbid curiosity like I'm in it every year. I've never, ever, ever joined every single year. I've never done |
| 723 | 02:09:41,250 --> 02:09:55,860 | it. 2017 was the only time I got into it. And if you want to believe that I've done it every single year, all you have to do is contact Robbins and say hey, |
| 724 | 02:09:55,860 --> 02:10:00,540 | look, I want to see the results for Michael huddle. Spence, |
| 725 | 02:10:01,920 --> 02:10:13,560 | robins returns for this year, this year, this year this year, and Was there money deposited on those accounts? You're gonna have a record of me registering |
| 726 | 02:10:14,160 --> 02:10:25,320 | in 2018 2019. But there is on in 2020, because talking options lady and she said she was going to do something else. Okay, I'm registered, and here it is, and a |
| 727 | 02:10:25,320 --> 02:10:33,060 | couple other clowns in the other years. But once I registered, they never stepped forward and funded the account. So I'm not going to fund an account if |
| 728 | 02:10:33,060 --> 02:10:40,290 | they're not going to be in and there's no point in me being in it. But in 2017, and I've said this before, but I'd like to put it out there because there's |
| 729 | 02:10:40,290 --> 02:10:50,610 | people that are talking shit being real, but put 5000 hours in the Forex division and hooked up on my FX book to everything. And I was being contacted |
| 730 | 02:10:50,610 --> 02:10:59,910 | and told that, hey, look, my FX book is going to link trade copier service to it. And they're gonna sell your shit as signals. They're gonna make money off |
| 731 | 02:10:59,910 --> 02:11:07,500 | you. Oh, man, that was the worst thing could have ever told me. Like, it's exactly what I was like, What the fuck? Fuck you. So I said, watch this. Boom, |
| 732 | 02:11:07,500 --> 02:11:14,700 | boom, boom, and I shit the fucking account real quick. Boom, and I talk shit right on and you can still see it on my effects. What is it? They're like, their |
| 733 | 02:11:14,700 --> 02:11:21,990 | website or whatever? I was saying, You're my bitches now. Fuck all you and the trolls will say I'm saying that about my see. I'm not saying that. I'm saying |
| 734 | 02:11:21,990 --> 02:11:30,300 | the people that were linking that shit up. I'm not letting anybody copy my stuff and sell it. No. So that's what that's the storyline. Everybody runs with it |
| 735 | 02:11:30,330 --> 02:11:37,800 | wants to talk shit about me. But nobody's actually going in at Robins cup and doing shit about it. You know, it was supposed to be somebody this year, just |
| 736 | 02:11:37,800 --> 02:11:44,790 | passing never happened. And somebody's supposed to be an error now waiting, but I'm seeing there for registration or for account number. Because one account has |
| 737 | 02:11:44,790 --> 02:11:55,140 | to be done. One account, one account number. There it is. It's simple. I'm gonna do what I just told you here. I don't need to be Larry Williams. I just need to |
| 738 | 02:11:55,140 --> 02:12:05,730 | be number one. And I can do number one easiest shit. What's so hard about it? Nothing. This is Aaron opportunity between us. That's it. Let's go. But talking |
| 739 | 02:12:05,730 --> 02:12:14,220 | about it. We're past all that stuff, making videos and memes about it. We're past all that. Let's do it. Let's go. We got a whole year ahead of us. I ain't |
| 740 | 02:12:14,220 --> 02:12:26,190 | afraid. I'm not afraid. In fact, I'm actually looking forward to it. I have a lot of fun about doing it. I won't even talk shit about it. I just do it. On I |
| 741 | 02:12:26,190 --> 02:12:37,770 | don't know why everybody makes a big deal about the things I'm teaching you because it works. It works. It can change your life. And you don't need to |
| 742 | 02:12:37,770 --> 02:12:46,050 | believe the bullshit that people say all you gotta do is spend time with me and watch and you'll see it works. But it's going to be painful and expensive. |
| 743 | 02:12:46,230 --> 02:12:54,570 | Because it's going to cause you to do what you're gonna have to let go the bullshit that you think that makes these markets go up and down. And you're |
| 744 | 02:12:54,570 --> 02:13:06,390 | going to have to deal with the repercussions of everybody saying you're in a cult. You're one of those ICT cultists, you think there's an algorithm, you |
| 745 | 02:13:06,390 --> 02:13:18,510 | think this, okay? If you think winning consistently knowing what the market is likely to do better than anybody else is a cult. Okay, I'm in a cult, and |
| 746 | 02:13:18,510 --> 02:13:26,760 | whatever you call it, whatever the fuck you want to call it, I call it winning. Okay, I call it doing it correctly, and not having any issues about no anxiety |
| 747 | 02:13:26,760 --> 02:13:36,120 | attacks about why my systems probably going to fall apart. What settings do I have? What indicators do I have to have? All those problems that traders bring |
| 748 | 02:13:36,120 --> 02:13:47,700 | into this equation go away when you take all the bullshit out of it. It's just the price. And if you know that these certain things repeat every single day, a |
| 749 | 02:13:47,700 --> 02:13:57,450 | stop hunt will occur every fucking day. That's one of the exercises I'm going to put through will put you through this year, starting in February. I'm going to |
| 750 | 02:13:57,450 --> 02:14:04,560 | tell you to go through your charts and annotate every single time on a one to five minute chart how many times a stop run occurred and where it wasn't what |
| 751 | 02:14:04,560 --> 02:14:16,020 | time it occurred. That's a study in itself. By doing that, that's a back testing study. But how can I use it for entry by doing that that gives you targeting and |
| 752 | 02:14:16,020 --> 02:14:25,740 | entry perception that you can't see until you do that back study. There's lots of things you can back test and study that has nothing to do with going into the |
| 753 | 02:14:25,740 --> 02:14:39,000 | market and supposedly doing an entry pattern. The entry is the least important thing and your notes right now for today. January 10 2023. write this out in |
| 754 | 02:14:39,000 --> 02:14:59,280 | bold letters. The entry technique is the least important factor in consistently profitable trading. Underline it, highlight it every single day that you go into |
| 755 | 02:14:59,280 --> 02:15:11,040 | your studies You open your study up with that. You say that like a motto. That's your mantra. The entry pattern is the least significant factor in consistently |
| 756 | 02:15:11,040 --> 02:15:21,810 | profitable trading. It doesn't feel like that would be true as it's like you all think I gotta know how to get in because I gotta have a small stop loss. I gotta |
| 757 | 02:15:21,810 --> 02:15:27,510 | do two pips because everybody on fucking Instagram is doing two pips, stop losses, and you're getting 200 art, but you're still trading no fucking locks |
| 758 | 02:15:28,050 --> 02:15:38,970 | three years into it. At some point, you gotta call bullshit, folks. At some point, there's going to have to be someone that stands up and says, you know, |
| 759 | 02:15:38,970 --> 02:15:48,990 | this is a bunch of bullshit. Because if these young men could be doing 200 our trades, and using two pips, stop losses. Let me tell you something that's better |
| 760 | 02:15:48,990 --> 02:15:59,400 | than me. That's better than me. And they would have been picked up on it. Trust me, they would have been picked up and nearly nothing bullshit about that. |
| 761 | 02:15:59,400 --> 02:16:18,450 | There's nobody doing that. Nobody's doing that. But everybody believes whatever they want to believe. But once you see the real thing, everything else just |
| 762 | 02:16:18,450 --> 02:16:31,920 | feels like a waste of time. And it's a period of mourning you gotta go through because, for me, I invested a lot of money in books and courses and mentoring |
| 763 | 02:16:31,980 --> 02:16:40,050 | through video and VHS tapes and shit. And I believed every single one of these individuals were sincere individuals that were telling me the truth, and they're |
| 764 | 02:16:40,050 --> 02:16:52,860 | all fucking liars. They're all liars. They're all selling shit, because they didn't make money trading. That's interesting. I was not charging for a long |
| 765 | 02:16:52,860 --> 02:17:01,770 | time than I did charge. Because I was pissed off when people are selling my free stuff. And then the prove that I don't have to do that. I stopped selling. And |
| 766 | 02:17:01,770 --> 02:17:11,910 | now I'm teaching more, more fever pitch than anybody else out there, whether they're doing it for free or for money. Because I love doing this. This is how I |
| 767 | 02:17:11,910 --> 02:17:21,120 | did it before. On baby pips, every fucking night, I was making a video, I was in the forums typing up all kinds of fucking essays. Because I loved it. I have so |
| 768 | 02:17:21,120 --> 02:17:35,910 | much in my head, I gotta get it out. Of it experiences. I have knowledge, I have wisdom. And if I die, and I don't share it, I feel like it's wasted. So I'm like |
| 769 | 02:17:35,910 --> 02:17:52,050 | a fucking fire hose. I mean, fans get so stuck in this discussion, right? And it's new ad revenue. We're just talking like close friends would old high school |
| 770 | 02:17:52,050 --> 02:18:02,040 | chums that, hey, man, I seen you in a while we've been doing yourself. I've been doing this you might want to do Oh, yes, I'm gonna do it. I wish there was a way |
| 771 | 02:18:02,280 --> 02:18:11,340 | we could all connect, you know, physically shake hands, and say, Hey, but there's some, you know, distances that we're not going to be able to bridge. And |
| 772 | 02:18:11,340 --> 02:18:22,980 | we have to do it this way. And it's more efficient this way. And it feels it feels for many of you like one on one like I'm talking to you. When I have my |
| 773 | 02:18:22,980 --> 02:18:34,350 | sons and my daughters face in my mind when I'm talking. And that's why it feels genuine. Because I am saying everything to them. In this recording, that would |
| 774 | 02:18:34,350 --> 02:18:47,520 | be said to them if they were here. Much like that movie with Michael Keaton my life where he knew he had a terminal illness. And he wanted to record all kinds |
| 775 | 02:18:47,520 --> 02:18:56,880 | of stuff teaching his son knew because he wouldn't be there. I I treated my videos like that. For my kids. Not that I'm terminal. Because I mean, obviously |
| 776 | 02:18:56,880 --> 02:19:12,090 | I was sick today. I thought I was dying. It's luck. But I feel much, much better now. But I wish there was a way for us to have a better experience together. |
| 777 | 02:19:12,480 --> 02:19:20,880 | I've had folks reach out to me and say, hey, look, you know, I want to do an event with you. Everything's funded by us in the profit, and we would pay you |
| 778 | 02:19:20,880 --> 02:19:30,000 | for your engagement. I just don't want to do that. Like I don't want to do that. Because number one, I'm probably not going to |
| 779 | 02:19:31,439 --> 02:19:42,299 | feel good about the experience doing it, too. And the only thing I want to sell in the future is the book. That's it. I don't want to do mentorships and I don't |
| 780 | 02:19:42,299 --> 02:19:52,619 | want the books to be terribly expensive. I want them to be obtainable for all of you. And I want you to know, the things that I want you to know. And you'll have |
| 781 | 02:19:52,619 --> 02:20:04,289 | it you know, it's like a testimony to everything that I've gone through what I've learned what I I wish I would have done differently as a mentor. And what |
| 782 | 02:20:04,289 --> 02:20:16,919 | I've learned as a mentor, as well as real order block theory, what, what is this thing that is my order block. Because what you think you know about it, isn't |
| 783 | 02:20:16,979 --> 02:20:30,299 | it? It's just the, the initial introduction to it. And there's so many things that you don't know about it, that a very big, very big book will be the only |
| 784 | 02:20:30,299 --> 02:20:39,569 | way I can communicate. And the wonderful thing is, is anybody that hasn't gone through the videos that I've done on YouTube, and mentorship core content, the |
| 785 | 02:20:39,569 --> 02:20:55,499 | book won't work for me either. Everything I've ever done, is been calculated and planned, and intended to make sure that we don't get the lazy the short cutters, |
| 786 | 02:20:56,099 --> 02:21:10,799 | they're not going to get it. But to appease everyone, and also the clear my guilty conscience about making it hard for most people, I'm going to do what I'm |
| 787 | 02:21:10,799 --> 02:21:21,479 | going to do this year to make sure you see it real live right there in front of you. And while there is a small delay, and it may be a little bit bigger of a |
| 788 | 02:21:21,479 --> 02:21:33,689 | delay for other people in different parts of the world. between what I say and what's on my chart on the YouTube live stream, and when you see it on your |
| 789 | 02:21:33,689 --> 02:21:43,289 | chart, there's a small little delay in that. If we're looking at one minute charts, that might be a major impact between what I'm calling and talking about. |
| 790 | 02:21:43,469 --> 02:21:52,859 | And before your chart shows it in relay, from whatever I've done said in the live stream, it's got to travel all around the internet, to get to your computer |
| 791 | 02:21:52,949 --> 02:22:01,739 | or your device, then you're watching and listening to me live. So that delay, you need to be able to compensate for that by having your own real time data |
| 792 | 02:22:02,159 --> 02:22:13,919 | with E Mini s&p E Mini NASDAQ. If you don't have that, that's going to be a disadvantage for you. And I know some of you are trying not to spend money. But |
| 793 | 02:22:14,279 --> 02:22:21,659 | if you're trying not to spend money, but you think you're going to make money in trading, you are already setting yourself up for failure, you're going to have |
| 794 | 02:22:21,659 --> 02:22:33,749 | to avail yourself certain resources. And unfortunately, data is essential. Like you can't rely on like Forex. Okay, forex is free, it's free data, you know, |
| 795 | 02:22:33,749 --> 02:22:42,419 | it's great. But if you're trading a market, it's highly precise like this, like you could never pull off. And this is why I've never done this. I've always |
| 796 | 02:22:42,419 --> 02:22:49,199 | challenged everybody. They say they use one pip and two pip stop losses in forex, and they do it every single trade, and it never gets stopped out. I said, |
| 797 | 02:22:49,259 --> 02:23:00,089 | just show me one month of doing it. They never done it, they've never done that. You can't do those tight stop losses in forex. Because the brokers that you're |
| 798 | 02:23:00,089 --> 02:23:08,669 | in, they have their own internal house of liquidity, and you're in it. And then they reach out and get you because you're in an order, it's going to trade right |
| 799 | 02:23:08,669 --> 02:23:23,699 | to your price. In the futures market, everybody has the same price. See a difference there. Everybody has the same price. So if you're going to be trading |
| 800 | 02:23:23,699 --> 02:23:34,319 | in a professional market setting, you want to be in what that one. And that means you're gonna have to pay a little bit of money to get that feed of real |
| 801 | 02:23:34,319 --> 02:23:47,459 | time data. And it's such an insignificant amount of money. So I know a lot of you're in impoverished nations, and you're trying to learn this so you can do |
| 802 | 02:23:48,269 --> 02:24:00,959 | better things and climb your way out of that. And that's commendable. And I have students have done that. But if I'm not in forex, and my attention is in this |
| 803 | 02:24:00,959 --> 02:24:11,279 | market, you're going to have to adapt knowing that what I'm doing in this one will work for you in forex to I'm just not going to be in forex. I'm not going |
| 804 | 02:24:11,279 --> 02:24:20,669 | to do that. I will tell you my bias when it's there. I don't have a bias. I didn't share it last night I just reviewed. Look, we gave you levels, and it |
| 805 | 02:24:20,669 --> 02:24:27,269 | traded till them and dollar did exactly what we were expecting and how that I use the information. If the dollar was dropping, that means the s&p can go |
| 806 | 02:24:27,269 --> 02:24:35,969 | higher. It's a teeter totter effect one other one down, risk on risk off. There's gonna be times and you see us doing live streams. And I'll explain how |
| 807 | 02:24:35,999 --> 02:24:43,349 | when $1 is going to be going up and the s&p will go be going up to what do you do with that? I'll explain all that time, because it's all short term in nature. |
| 808 | 02:24:44,159 --> 02:24:56,909 | And that that break in the correlation is significant when it's there. Much like an s&p divergence, but talking about it conceptually without having it being |
| 809 | 02:24:56,909 --> 02:25:06,899 | right there in front of you. It doesn't have the same impact Have saying, now watch this one minute candle right here. It should not go above this candles |
| 810 | 02:25:06,899 --> 02:25:17,969 | high, it's gonna go to that candle right down there. And you're all watching on the same one minute chart. And then it happens. And then you're gonna be like, |
| 811 | 02:25:17,999 --> 02:25:27,899 | What the hell did I just see. And you're gonna think about all that shit you read in books, and videos, and all the other stuff, these indicator things, it's |
| 812 | 02:25:27,899 --> 02:25:39,569 | always taking your attention away from that, because here's the thing. I looked at these charts. When I was working, when I was driving, I had chart books next |
| 813 | 02:25:39,569 --> 02:25:47,579 | to me when I got stopped at a red light. And I was delivering my because I used to do vending, I used to do candy machines and soda machines, coffee machines, |
| 814 | 02:25:47,579 --> 02:25:56,789 | that was my job when I was learning how to trade. So I was driving around on a Sousou liftgate truck for candy and sodas and shit going around servicing |
| 815 | 02:25:56,789 --> 02:26:10,439 | machines all around the Baltimore area. work for a company out in Owings Mills. That doesn't exist anymore, but I had charts with me constantly. And I lived and |
| 816 | 02:26:10,439 --> 02:26:22,349 | breathed this shit. Like I couldn't get enough of it clearly. Clearly, you can tell still 50 years old, I am still immersed in this. Because it is me. This is |
| 817 | 02:26:22,349 --> 02:26:32,909 | me. My wife says it all the time. It's like this. This is you. This is like we're small little pieces and extensions and peripherals to your trading. That's |
| 818 | 02:26:32,939 --> 02:26:45,149 | that were the small little extras in the in the play. That is ICT. And unfortunately, it sucks as a husband and a dad. But as a trader, it makes me |
| 819 | 02:26:45,149 --> 02:26:58,949 | fucking rock hard because I literally I know what that means is that that means I'm in it. I'm all in it. My entire life. I've been that way since the fifth of |
| 820 | 02:26:58,949 --> 02:27:09,689 | November 1990. On a Thursday night at 9pm. And my aunt uncle's house, reading a book that literally was a roadmap to lose money. But when I lost that money, |
| 821 | 02:27:09,689 --> 02:27:21,029 | folks, let me tell you something. That's all it took that first initial decision. Because I sat there and I was afraid to put that first trade on. I was |
| 822 | 02:27:21,029 --> 02:27:31,649 | so afraid to go into the futures market. I thought by going into options, that would be safer. Without rolling, they're almost half of my money. Overnight, the |
| 823 | 02:27:31,649 --> 02:27:39,899 | first night, orange juice that shit. By the way, that fella they sent me the little thing, orange juice. I don't have it sitting on my desk, but I do have |
| 824 | 02:27:39,899 --> 02:27:56,189 | it. It was it was cute. Now this stuff you sent me. You know, I'm talking about Mr. Huddleston. But this fear that you probably have, when you finally get the |
| 825 | 02:27:56,189 --> 02:28:05,699 | your funded account that first trade, the easiest thing you can do is put the smallest leverage on and flip a quarter. If it's heads, just buy something. If |
| 826 | 02:28:05,699 --> 02:28:15,269 | it's tails, just sell something and get it out of the way. Once you pop that cherry not to be crude, but you just got to just do it. You just got to let it |
| 827 | 02:28:15,269 --> 02:28:24,239 | happen. Whatever the result is, you've done it. Because you're going to be so afraid of that first trade and you're gonna make it more than it really is. And |
| 828 | 02:28:24,239 --> 02:28:34,439 | the longer you wait to do that first engagement, the more psychological impact it's going to have when you do take it. So as soon as you get funded, or |
| 829 | 02:28:34,439 --> 02:28:43,619 | whenever you open up your Live account, the very first trading day, flip a quarter. There it is, in that quarter you flip, keep it at your trading desk. |
| 830 | 02:28:45,299 --> 02:28:52,619 | Because you're gonna need that quarter again, in the future, when you just feel like you need to have something to distract you from wanting to get out of your |
| 831 | 02:28:52,619 --> 02:29:02,639 | trade. For the quarter, stick to the fucking rolls, you had to distract yourself because that's what indicators do. Indicators are gonna distract you from price. |
| 832 | 02:29:04,379 --> 02:29:12,209 | It's going to distract you from looking at what really is going on. Because if you always are looking at indicators this is why this shit is never been |
| 833 | 02:29:12,209 --> 02:29:23,099 | observed by anybody else. Because they have constantly been bombarding us with what something to look at a red herring. Put these triangles over your chart. |
| 834 | 02:29:23,609 --> 02:29:28,289 | And we're gonna call it harmonic. Right the Elliott Wave |
| 835 | 02:29:30,540 --> 02:29:38,880 | everything supply and demand like everything else is supply and demand. No, these markets don't work like the fucking grocery store. Okay, this is totally |
| 836 | 02:29:38,880 --> 02:29:49,890 | different. This is absolutely totally different. In the grocery store, we might be paying a lot more money for things today. But it's not a ruthless cutthroat |
| 837 | 02:29:49,890 --> 02:30:01,710 | business like trading is there's nothing like this. And when you get involved in it, you're either gonna fall in love with didn't fall head over heels over it. |
| 838 | 02:30:02,790 --> 02:30:16,290 | Even if you're not profitable, you're still gonna love it. If you feel that way, I'm going to say something you are destined to do wellness, you have the very |
| 839 | 02:30:16,290 --> 02:30:25,530 | thing that's needed. That means the passion and the endearment for this industry. Because if you're a casual just means that once you have, it's if I |
| 840 | 02:30:25,530 --> 02:30:34,500 | make money, great if I don't fuck this shit, I'm out of here. If you lose money, and you feel like this is the worst thing that's ever happened in this decision |
| 841 | 02:30:34,500 --> 02:30:45,120 | you made was the worst thing you could have ever done for yourself. The trading is not for you. Because losing on trades, or losing an account, for a real |
| 842 | 02:30:45,120 --> 02:30:57,240 | trader, it doesn't mean shit. That's just a speed bump. Now I'm not discounting the fear, the regrets, the remorse that you're gonna feel if you blow your |
| 843 | 02:30:57,240 --> 02:31:06,180 | account, that's real, you have to come to terms with that. And you're gonna feel that if you have monthly goals, when you first start out, you're gonna think you |
| 844 | 02:31:06,180 --> 02:31:14,250 | got to figure it out, you're gonna go faster, harder than you really should, sooner than you should. And you're going to have that same experience every one |
| 845 | 02:31:14,250 --> 02:31:28,410 | of us have had regretting pushing too hard, trying to prove something, and you blow out. Let me tell you something. There ain't no shame in doing that. If you |
| 846 | 02:31:28,410 --> 02:31:41,340 | blow out, Max last day, blow your account, major drawdown go into a tailspin, all that shit is what we do. That's what this industry, that's the common |
| 847 | 02:31:41,340 --> 02:31:51,570 | denominator, you're going to lose eventually. But how much are you going to lose? If you push really hard, and you try to do olympic size feats, and you |
| 848 | 02:31:51,570 --> 02:31:59,010 | blow the account, does that mean you suck as a trader? No, it just means that you were pushing really, really hard. And you went beyond the thresholds that |
| 849 | 02:31:59,010 --> 02:32:10,830 | your account and your skill set could afford. Done. Now, that is not how you should be trading every single setup. If you're not in a competition, then what |
| 850 | 02:32:10,830 --> 02:32:26,070 | the fuck are you trying to trade with competition. Try to trade profitably be eloquent with your entries, precision, manage risk impeccably. That's hallmarks |
| 851 | 02:32:26,220 --> 02:32:38,580 | to a highly skilled professional trader, knowing what they're looking for engaging it perfectly, managing their stop perfectly. Taking partial when it |
| 852 | 02:32:38,730 --> 02:32:49,890 | allows it. And if it stops you out, you don't get your target who gives a shit, you've made money. That's the whole reason why you took the trade, right? I |
| 853 | 02:32:49,890 --> 02:33:02,370 | mean, nobody's nobody's in my community saying, our targets are the only ones we got to have. Like, when's the last time you watched me do a full pool. I can do |
| 854 | 02:33:02,370 --> 02:33:13,320 | them on every single one of my trades. Anything that I execute on, I can do a full pool. A full pool is we knew not taking any partials. But I'm teaching you |
| 855 | 02:33:13,320 --> 02:33:22,020 | by example. This is what you want to look for. Because you're learning. See, you're going to get in trades early, sometimes late, you're going to do the shit |
| 856 | 02:33:22,020 --> 02:33:31,320 | wrong. And that's all part of this. It's all normal for you to do that and fail. That's normal. Everybody does this. And you learn from those experience, you |
| 857 | 02:33:31,320 --> 02:33:42,600 | don't learn from making money. You'd never learn from making money. The only thing that shit does is make you more topped up to do it again quicker than than |
| 858 | 02:33:42,600 --> 02:33:51,060 | you should, you're gonna rush back in. And the lesson comes from you not doing what you feel like you need to do when you make money, which is go back and |
| 859 | 02:33:51,060 --> 02:34:00,330 | right away. Because that dopamine hit, it wears off fast. Especially if soon as you take your win to the social media, and nobody gives a flying fuck. You're |
| 860 | 02:34:00,330 --> 02:34:11,130 | gonna feel like oh, it wasn't big enough. I'm going to do more. I gotta do. I gotta do 500 contracts. But the E Mini s&p or us 500 because then they'll pay |
| 861 | 02:34:11,130 --> 02:34:22,230 | attention to me, then I see to like my post if I'm using a million dollar leverage in my POUND DOLLAR trade. If you're using unrealistic expectations, in |
| 862 | 02:34:22,230 --> 02:34:32,730 | your trades, and you're using exorbitant leverage it chances are I'm not going to like your post. And I'm doing that to show you. Below little bit more humble, |
| 863 | 02:34:33,120 --> 02:34:41,580 | okay, because you're not trading with that kind of leverage. So don't do that. I'm not impressed with those demo profits. I'm impressed with the person that |
| 864 | 02:34:41,580 --> 02:34:50,970 | shows precision, their stop losses there. They're recording their entry next. I love that. And my students do that. I don't like the screenshots of the fake |
| 865 | 02:34:50,970 --> 02:34:58,620 | arrows in the type doubt how many contracts can you can tell you and you do it. I can see if I can see it and everybody else can see it. I'm not going to cosign |
| 866 | 02:34:58,620 --> 02:35:10,470 | fraud And some of you want to see me like your post, to at least makes you feel good that your dopamine hit, instead of doing the work, seeing it pan out in |
| 867 | 02:35:10,470 --> 02:35:20,850 | your own charts, you won't need me to like your post. You won't need me to reply to your post. And I appreciate all that adoration. But it's needless, I'm not a |
| 868 | 02:35:20,850 --> 02:35:32,370 | fucking King. Okay, I'm not a goat. I'm just the 50 year old dude, that has worked his ass off. And I couldn't do it until I was blessed with it. And I'm |
| 869 | 02:35:32,370 --> 02:35:43,950 | doing my part to keep it up. So don't meet me more than I really am. But you have to be realistic when you do it. Don't be fake about any of it. If you've |
| 870 | 02:35:43,950 --> 02:35:53,370 | lost trying to do something, be honest and share it with the community. But don't talk in defeated language. Blow it against stupid. That right there, |
| 871 | 02:35:53,520 --> 02:36:03,660 | you're anchoring that bad moment with negativity. And you're going to be fearful that same result, the next time you do the same thing you just did. And you |
| 872 | 02:36:03,660 --> 02:36:13,230 | might not get the same result. But you'll be fearful of it, and you won't do it and then it pans out then you feel oh, I don't know what I'm doing. When I do |
| 873 | 02:36:13,230 --> 02:36:20,370 | it, I lose. And when I'm ready to do it again, I should do it, but I won't do it. And then it makes them win. And then you're going to flip flop back and |
| 874 | 02:36:20,370 --> 02:36:30,240 | forth feeling like I don't know what I'm doing when you have to press into that uncertainty. Trading is a professional loser's game. Every fucking trade that we |
| 875 | 02:36:30,240 --> 02:36:41,130 | enter, they're all losers from the start, you got to cover the costs, you got to cover the dealing spread in forex. Every single one of us has to manage a losing |
| 876 | 02:36:41,130 --> 02:37:00,000 | trade, right from the jump. Some of us management better than others. And you have to remind yourself that you're the only one at the helm. I can't fix the |
| 877 | 02:37:00,000 --> 02:37:08,490 | shit when you do it wrong. When you steer into a tree, you go and wreck your shit. I can't fix that. And you have to live with it. You got to come back from |
| 878 | 02:37:08,490 --> 02:37:21,150 | that. And know that, hey, you're in good company, I fucking blown lots of accounts as you do, man, I've done that. That's normal shit. Even when I was in |
| 879 | 02:37:21,150 --> 02:37:32,340 | my 30s, I've set accounts up. And I had my own algorithms where he would put orders in and I was testing high frequency trading. And I set them up, let it |
| 880 | 02:37:32,340 --> 02:37:40,350 | go. And bla bla bla bla bla, boom, inside of one hour, the accounts gone. Because the settings would be off, and I'm pushing it full bore bang, bang, |
| 881 | 02:37:40,350 --> 02:37:52,020 | bang, bang, bang, I'm not doing a trading my programs doing it. And believing it's done. Well, I take that data. And I say, Okay, what did it do wrong? What |
| 882 | 02:37:52,020 --> 02:38:01,620 | I'll have to fix and debug it. Now, if someone looked at that, and said, Oh, look at this, he put his account together, sat there for two weeks, first day |
| 883 | 02:38:01,620 --> 02:38:11,220 | out the gate boom, shot itself in the ass. Looking at it, I'll relate that it will, this guy took that many trades and the whole fucking account roasted in |
| 884 | 02:38:11,220 --> 02:38:20,490 | one day, not knowing that what I was doing was number one, I'm setting all my parameters up to see what I can do. And it wasn't a lot of money. But out really |
| 885 | 02:38:20,490 --> 02:38:28,530 | looking at that it'd be like, Oh, that's failure, that's a person doesn't know, I'm trying to automate something. And that failure shows you what you need to |
| 886 | 02:38:28,530 --> 02:38:38,460 | adjust and what you need to fix. So there's a lot of ignorance in this industry, especially from people that are just coming in, they don't know how to fucking |
| 887 | 02:38:38,460 --> 02:38:45,510 | trade but they're gonna give somebody they're gonna give an opinion about somebody else. Even new, an advocate talking about you have never taken a trade |
| 888 | 02:38:45,510 --> 02:38:53,760 | in your life. And you're gonna criticize other people and me, fuck off, get out of here. You have no idea. You had no idea what you're doing. You've no clue |
| 889 | 02:38:53,760 --> 02:39:02,070 | what the fuck you're talking about. And you have no business giving your criticisms on that anyone. You're still working a job. You've never been |
| 890 | 02:39:02,070 --> 02:39:12,270 | profitable. You can't even find a setup. But you got all this criticism about everyone else. That's who some of you are listening to. And you let that shit |
| 891 | 02:39:12,300 --> 02:39:19,980 | get into your head. And that's taking precedence over learning. Because if you spend time doing this, you'll see that everything else that anybody's chatting |
| 892 | 02:39:19,980 --> 02:39:30,030 | about. It's all bullshit. You're in the right place at the right time. With the right person. I'm not going to hand you a bill with a credit card, swipe your |
| 893 | 02:39:30,030 --> 02:39:31,620 | this and give me your pay pal that |
| 894 | 02:39:33,150 --> 02:39:44,190 | all this is is you show up. You put the work in learn. It's not going to be easy. It's gonna be fucking hard, because you're wrestling yourself. But once |
| 895 | 02:39:44,190 --> 02:39:54,660 | you finally get past yourself and get out of your own fucking way, then you'll really start to learn and you'll see that you've made it much more harder than |
| 896 | 02:39:54,660 --> 02:40:04,620 | it needs to be. Because it's all basically psychological. You're afraid of losing money, you're afraid of being wrong, you're afraid of failing. You're |
| 897 | 02:40:04,620 --> 02:40:13,530 | afraid of your fucking spouse or your co workers or your family members, your friends to say, I told you what not to work. It's all pipe dream. And some of |
| 898 | 02:40:13,530 --> 02:40:24,870 | you deep down inside, listen, folks, listen. It's gonna get so hard that you're going to actually create the environment for that to happen. Set weights, ending |
| 899 | 02:40:24,870 --> 02:40:33,000 | all the pain. That short little momentary embarrassment around your friends, family and friends, your co workers, and I lost my fucking money and you're |
| 900 | 02:40:33,000 --> 02:40:42,120 | right. It's fucking bullshit. Nobody's making myself I can fraud, it's a scam. It's all horseshit. Because you don't want to endure because hard wrestling with |
| 901 | 02:40:42,120 --> 02:40:56,670 | that feeling of you know, what would they think of me if I fail? Thought that. Why are you entertaining that shit? Listen, failures, a fucking choice. That's |
| 902 | 02:40:56,670 --> 02:41:07,410 | not a guarantee, failure is a fucking choice. setbacks, speed bumps, adversities, that's all part of this, like anything else. Anything worth doing |
| 903 | 02:41:07,530 --> 02:41:14,130 | is going to be fucking hard. It's going to cost money, it's going to cost time, it's going to cause you to have to put more effort into this than you ever think |
| 904 | 02:41:14,160 --> 02:41:26,490 | anything you've ever done. Weak people don't survive in this industry. unorganized, undisciplined, irresponsible, motherfuckers do not stay in this |
| 905 | 02:41:26,490 --> 02:41:34,860 | business. You have to be an adult, that is an independent thinker that understands there's real risk in this shit, you can lose your ass, you can have |
| 906 | 02:41:34,860 --> 02:41:47,880 | more money taken from you than you have. How's that possible, get into a move where your stop loss doesn't get respected like a CPI number, and full on margin |
| 907 | 02:41:47,880 --> 02:42:06,210 | calls your ass. Now you're underneath where you had in the account, it's gone. The brokers don't want that money. I've had margin calls like that it's |
| 908 | 02:42:06,210 --> 02:42:13,080 | embarrassing the first time, but you're like, oh, fuck it, you know, the workers are lucky, you know, you'll be able to meet this margin call the day that I'm |
| 909 | 02:42:13,080 --> 02:42:20,100 | gonna need to get to you on Monday. But okay, and then they're calling your asset nine o'clock in the morning. You're gonna take care of this margin call. |
| 910 | 02:42:21,180 --> 02:42:35,250 | It was on its way. scratch yourself, okay, it's bad. Boy, your leg off. It sucks. You gotta get a prosthetic. Okay, if you're going to be in trading, you |
| 911 | 02:42:35,250 --> 02:42:44,280 | got to find a way to work around it. You're going to hurt yourself in this industry. You're going to everybody does it. No one's walked in this and went |
| 912 | 02:42:44,280 --> 02:42:55,140 | through without any scars. We all if you're here still. And you finally made it point to profitability. You all have the same war stories. Some of them are much |
| 913 | 02:42:55,140 --> 02:43:06,630 | more interesting than others. But largely, most of the things that you're putting yourself through are completely avoidable. Because you're looking for |
| 914 | 02:43:06,630 --> 02:43:17,310 | too big of a return too fast. You want to flip your accounts. You see all these fuckers on YouTube? Yeah, I flipped my account this way. Now flip my account |
| 915 | 02:43:17,310 --> 02:43:29,400 | that way. I've done this. I've done that. And they're only showing you an empty four. List of trades. No, no engagement, no management, none of that stuff. And |
| 916 | 02:43:29,400 --> 02:43:38,640 | you fall victim to that because you see everybody else saying shit in the comment section. Oh, you're the goat. You're a trading God. This is God like |
| 917 | 02:43:38,640 --> 02:43:54,600 | trading. That's nonsense. And you don't ever want to be caught up in any of that. If you are going to hear him say this. If you read the comments on my |
| 918 | 02:43:54,600 --> 02:44:06,990 | YouTube video, it's a sugar fest. And you now understand why I did not have those comments sections open. Because all of that stuff while I love it. That |
| 919 | 02:44:06,990 --> 02:44:20,610 | feels good as a mentor seeing it. It's needless. It's really not needed at all. And I can see how easily someone that would be slanted against me. Let's see |
| 920 | 02:44:20,610 --> 02:44:32,640 | that say Oh, yeah. This is all you know him suck up putting a lot of people in it. But you don't need to do that. And don't let that opinion by other people |
| 921 | 02:44:32,640 --> 02:44:41,220 | saying that they like or support what I do. Don't let that shape your opinion of me. Don't because you see other people saying Oh, iced tea is the greatest thing |
| 922 | 02:44:41,220 --> 02:44:51,360 | since sliced bread. He's the goat. I'm not the fucking goat. Okay, I can't stand that. But don't let other people influence you thinking I'm better than I am. |
| 923 | 02:44:52,110 --> 02:45:02,130 | Because you see other people saying that I am. I want you to come here and taste and see it yourself. And if I don't live up to what you think I've said, then |
| 924 | 02:45:02,130 --> 02:45:11,490 | you say it, and bring it show all the receipts where I said this live and it didn't happen. That I showed an example when explained what I was going to do, |
| 925 | 02:45:11,580 --> 02:45:25,200 | and then did it. And it wasn't in the teachings. I challenge everybody all the time. Genuinely. If you think what I'm teaching is horseshit. Go through the |
| 926 | 02:45:25,200 --> 02:45:34,980 | content, and I made it even shorter with the 2022 content. Go through the arcs and see if that doesn't pan out. See, if you can't make money with that. Shoot |
| 927 | 02:45:34,980 --> 02:45:47,760 | holes in, do it. Listen, every time I'm trolled, if it's a really good troll, or someone's ribbing me about something. If it's noteworthy, I'll it'll many times |
| 928 | 02:45:47,760 --> 02:45:56,640 | like this whole discussion tonight. It'll cause me to think about something and then I'm like, okay, I can turn this into a lecture, I'm gonna get this off my |
| 929 | 02:45:56,640 --> 02:46:07,350 | chest at the same time. And then there it is. So some of my higher end trolls know how to get me to produce more content. Because they know if they say |
| 930 | 02:46:07,350 --> 02:46:18,270 | certain shit, I'll be triggered because I'm like a dog chasing cars. I can't help it. Because I know invariably, a lot of you that are new or just new, |
| 931 | 02:46:19,140 --> 02:46:26,640 | you'll believe any fucking thing that anybody says negative about anybody else. Because it just seems like that's what should be believed. And never even seen |
| 932 | 02:46:26,640 --> 02:46:34,830 | it yourself. Never even came through and did the work and tested it or spent time with me where I'm actually calling it before it happens. With precision. |
| 933 | 02:46:35,580 --> 02:46:43,350 | That's the part that defies all logic. If it was something retail, it wouldn't be that precise. Because I've never seen anything in retail. That's is precise |
| 934 | 02:46:43,350 --> 02:46:55,050 | is what I got. And that's that I was looking for this when I first started. Because I was buying every book out there thinking, okay, the RSI divergence |
| 935 | 02:46:55,080 --> 02:47:03,660 | with a 14 period is going to be the clue for me to get the highest candle. If I could just learn how to sell the highest candle, then that's it, I'll be |
| 936 | 02:47:03,660 --> 02:47:14,100 | profitable. Listen to what I was thinking about as a 20 year old, I was demanding and only accepting being short on the highest candle. So what was I |
| 937 | 02:47:14,100 --> 02:47:26,070 | missing? By only pursuing that any chance of ever seeing or recognizing a fair guy you got or a breaker? Oh, shit. And that's how you fell victim like |
| 938 | 02:47:26,070 --> 02:47:36,300 | everybody else does. Indicators are a distraction, taking you away from open high, low and close. I'm convinced that if people would have studied price |
| 939 | 02:47:36,300 --> 02:47:47,580 | action long enough, without all the other bullshit patterns, for patterns sake, would have been a bigger thing. And that was one of the reasons why I like Linda |
| 940 | 02:47:47,580 --> 02:47:55,350 | Raschke and Larry Conners. Book, street smarts. And I'd still believe that that book should be in everybody's library. There's a lot of stuff in here that I |
| 941 | 02:47:55,350 --> 02:48:02,640 | think is this filler. And they would probably argue and say what made this much money with it, Michael, good luck yourself. And that's fine. That's great. |
| 942 | 02:48:02,670 --> 02:48:10,830 | Understanding that there's some patterns in there and some things that they talk about this, they're not terribly exciting to me. You know, I like the anti |
| 943 | 02:48:10,830 --> 02:48:19,260 | pattern, because it kind of made sense because it's still had a little bit of a hook to the stochastic type thing. And I was a big fan of stochastic at the time |
| 944 | 02:48:19,260 --> 02:48:33,060 | and book came out. But I've had affinity for the turtle suit pattern. And while I don't teach and trade their version of it, it helped me understand the logic |
| 945 | 02:48:33,120 --> 02:48:46,980 | of how the market runs for stops. And if I had to wrestle with this statement that Larry Williams made in one of his lectures on video, he said, You know, |
| 946 | 02:48:47,430 --> 02:48:54,540 | there's these people and when I played it for my son, we were in our theater about a couple weeks ago, I said this last time on Twitter space mentioning it. |
| 947 | 02:48:55,620 --> 02:49:05,460 | I want to say this, I'm gonna close it. But there's a part in the video where he says you know, the I've been doing this a long time and you hear these people |
| 948 | 02:49:05,460 --> 02:49:16,530 | they knew they got me the those guys got me there those guys do that to us guys. That's how he says it in, in the discussion. Referring to you know, someone |
| 949 | 02:49:16,530 --> 02:49:17,490 | stopping you out. |
| 950 | 02:49:18,930 --> 02:49:28,020 | And he doesn't believe at least through his material. He promotes the idea. And I'm referring to Larry Williams right now. He promotes the idea that there is no |
| 951 | 02:49:28,020 --> 02:49:40,110 | collective entity of someone out there pursuant Lee going after your stop loss when I'm absolutely 100% privy to the group that does that. So here's the here's |
| 952 | 02:49:40,110 --> 02:49:55,920 | the problem with that. If you learn from that as a young impressionable, 20 year old like I was, and then everything I was seeing and made me feel like I was on |
| 953 | 02:49:55,920 --> 02:50:06,480 | the right path. But my hero Larry Williams at the time and I have all With respect in the world for this man still, I'm honest and telling you that him |
| 954 | 02:50:06,480 --> 02:50:24,180 | saying that remark was a hindrance for me. When I had it figured out in my second half the third year, that remark by him, fucked me all up. Because I |
| 955 | 02:50:24,180 --> 02:50:39,510 | looked at him as a, like a father figure, because I didn't have my dad, and my grandfather was gone. So I was looking to latch on to a father figure. And this |
| 956 | 02:50:39,510 --> 02:50:47,850 | is hard, man. And you have so many advantages today with a technology and look at what I'm doing. I'm fucking still bloviating about shit. And you probably |
| 957 | 02:50:47,880 --> 02:50:54,750 | some of you probably already fucking left in the conversation and went to sleep or whatever you're doing. I don't give a shit. If there's one of your listeners, |
| 958 | 02:50:54,780 --> 02:51:04,080 | that's all I need. Just give me an audience of one. And I'm talking, talking talk. But this remark by Larry Williams saying that, you know, he didn't believe |
| 959 | 02:51:04,080 --> 02:51:15,480 | there was this, them guys that the US guys, you know, somebody stopped us out. And because I had so much respect for him, and I believed everything that came |
| 960 | 02:51:15,480 --> 02:51:24,210 | out of his fucking mouth and anything he had printed. Like, I was the fanboy of fanboys, like, you could have never said anything negative about that man. And I |
| 961 | 02:51:24,210 --> 02:51:34,860 | would have fucking one of the backhand your ass, like, this guy did it. Like he did it. Now, if you look into his personal life, you know, they went after him |
| 962 | 02:51:34,860 --> 02:51:42,900 | for tax evasion. And he picked him up on the airplane going to, or leaving Australia are gonna share some death. He did some time in jail for all that |
| 963 | 02:51:42,900 --> 02:51:54,240 | bullshit. I mean, it's all kinds of fucking shit that, you know, run around him. And I must say, I think it's because he beat their ass. Like him or not, he |
| 964 | 02:51:54,240 --> 02:52:05,340 | worked their ass. And they don't want people coming out there feeling like they can work that ass. So that's the reason why I always stay in demo. You know, I'm |
| 965 | 02:52:05,340 --> 02:52:16,170 | standing out here, showing you things. But I'm also cognizant to the fact that there would be a different treatment of me, if I go out there and start running |
| 966 | 02:52:16,170 --> 02:52:29,880 | up in front of everybody, and you're all good to come on my coattails. Okay. I'm nervous. Many times when I talk about certain topics, and I don't like some of |
| 967 | 02:52:29,880 --> 02:52:38,970 | the things I've said in some of these Twitter spaces when I when I go off the rails, and I say more than I want to say, I can't retract it, I can't pull it |
| 968 | 02:52:38,970 --> 02:52:52,590 | back. Part of me feels like it's fair because I get to get it off my chest. But I'm also aware of, you know, who I learned from, and I don't want to cause any |
| 969 | 02:52:52,590 --> 02:53:01,710 | that kind of static. So I, I live in that realm where somebody can look at me and say, Oh, he's a demo clown. He's a demo baller just didn't you know, and |
| 970 | 02:53:01,890 --> 02:53:11,250 | it's fine. You know, I coined the term demo baller. That's me, I did it. That way, I can stand right there in front of everybody in plain sight hidden. Where |
| 971 | 02:53:11,280 --> 02:53:20,520 | only people that would want to learn how this stuff works would give me their ear in time. And they have rewarded for that. But everybody else casually look |
| 972 | 02:53:20,520 --> 02:53:32,820 | at me and say, Oh, well, fuck him. Yeah, he's playing around in demo accounts. Great. Perfect camouflage. Perfect. And I've been out here doing just like this |
| 973 | 02:53:33,450 --> 02:53:43,890 | and people have looked past that mask and saying oh shit, there's really something there. And that's what I enjoy. I like doing that. But Larry Williams |
| 974 | 02:53:43,890 --> 02:53:58,950 | was a huge hindrance to me because his words saying that he didn't believe that there was a an entity out there should I make sure my phone was stolen? I'll |
| 975 | 02:53:58,950 --> 02:54:01,440 | take the wrong button I thought I had lost my battery on one second |
| 976 | 02:54:08,250 --> 02:54:26,880 | because his belief in the stoplight aren't part of this industry. He said that he didn't have that view and his excuse for that position was because he sold |
| 977 | 02:54:27,270 --> 02:54:35,070 | the higher this market or did this and that he and he come back with if you get stopped out your your your stop losses in the wrong place. Okay, okay. I admit |
| 978 | 02:54:35,100 --> 02:54:43,350 | your stop losses in the wrong place. If you get stopped out that's, that's a given. But that doesn't change the fact that there is somebody out there |
| 979 | 02:54:43,500 --> 02:54:53,640 | collectively aiming for your shit. You don't think that's happening? Because that's exactly what I'm teaching you to do. You're targeting retail stop losses. |
| 980 | 02:54:53,940 --> 02:55:00,630 | If you're learning as my student that's exactly what the fuck I'm doing. And that's what these young men and women are doing right now under me. Can money, |
| 981 | 02:55:01,080 --> 02:55:09,000 | whether they're live accounts, or they're funded accounts when they're banking and getting real money, when that money's going from the brokerage firm into |
| 982 | 02:55:09,000 --> 02:55:16,380 | their fucking bank accounts, that's happening, because they're going after stop losses, Mr. Williams, and that's just the bottom fucking line. So if you've had |
| 983 | 02:55:16,380 --> 02:55:26,430 | that thought process all this time, it's time to reassess things, because it's really going on. It's absolutely going on. And one of the things that made me |
| 984 | 02:55:26,430 --> 02:55:33,510 | angry, there was a period of time where I was like, fuck Larry Williams, okay. And I've changed my tune, because obviously, it was a young man being stupid. |
| 985 | 02:55:34,560 --> 02:55:48,060 | But I was offended by it, you know, when I finally realized that, I've postponed my level of understanding about the marketplace, if I would have just simply |
| 986 | 02:55:48,060 --> 02:55:58,230 | discounted him, in his opinion, instead of elevating it. Okay, and why am I even saying this? Because I know I have profitable students that have done things |
| 987 | 02:55:58,230 --> 02:56:07,050 | with other approaches. And these people are making money, they've made money, and they came to me, and they hear how Hardline, I'm about certain things. Well, |
| 988 | 02:56:07,050 --> 02:56:14,700 | I'm hardline about every fucking thing. I'm polarizing about everything. I have my opinion, everybody else is fucking wrong. That's just the way I am. It's a |
| 989 | 02:56:14,700 --> 02:56:24,480 | one way street with me and a name of thy name roads after me one way. I'm not here for friends. You're here to listen to my opinion, whether you'd like it or |
| 990 | 02:56:24,480 --> 02:56:33,270 | not, I don't give a fuck. Okay. But if you want to learn how to do this, this is the way I teach it. And sometimes I'm not the best mentor for it. In fact, I'm |
| 991 | 02:56:33,270 --> 02:56:42,330 | probably not the best mentor. But I, I have logic and I have things that make perfect sense if you just take everything else away. And just go back to the |
| 992 | 02:56:42,330 --> 02:56:49,500 | conversation of what we're talking about how these markets work, how they book, what makes them gyrate, and what's the real general principle? What causes the |
| 993 | 02:56:50,460 --> 02:56:57,720 | price fluctuations and repricing? Why does the market go up? Why does the market go down? It has nothing to do with buying selling pressure. It's the fucking |
| 994 | 02:56:57,720 --> 02:57:04,860 | liquidity. It's where the money is. The money is the orders. Where are those orders gonna be resting above old highs and below lows? How hard is that it's |
| 995 | 02:57:04,860 --> 02:57:15,540 | not fucking hard. It's not complicated. Now what what complicates it is I have so many approaches to attack that liquidity, and lazy fucks out there simply |
| 996 | 02:57:15,540 --> 02:57:22,110 | want a one trick pony approach that they don't have to fucking think about. They want to pop up in yang symbol on their fucking chart. And they just do something |
| 997 | 02:57:22,110 --> 02:57:35,580 | based on that. Give me something to understand why I'm doing it. Don't just give me a stop sign, or a green light, go fuck that. Give me something to trust. I |
| 998 | 02:57:35,580 --> 02:57:45,540 | don't want to be like a laboratory rat, where the bell would ring and the rat knows to go down this way, this way. This way they can get it cheese. Talk that |
| 999 | 02:57:46,290 --> 02:57:53,010 | I don't want to be manipulated in any aspect. I want to know why I'm doing something. I know why it's supposed to be happening. And when it's wrong, I |
| 1000 | 02:57:53,010 --> 02:57:58,890 | accept the fact that I did it wrong. I'm not going to argue about it. I'm not going to be fucking mad about the system falling apart. I'm going to trust that |
| 1001 | 02:57:58,890 --> 02:58:07,830 | it will work again in the future when I'm right doing it. See the difference there? There's personal responsibility that's lacking in all of the fuckery |
| 1002 | 02:58:07,860 --> 02:58:18,000 | that's going on in this industry. And it's been that way since I've been in longer. I came up in the 90s when this shit was hot and heavy. And everybody |
| 1003 | 02:58:18,000 --> 02:58:25,350 | started realizing hey, I could start marketing shit. I could sell books, I can sell courses. And I didn't know how to do that shit. I was learning. I was |
| 1004 | 02:58:25,350 --> 02:58:35,580 | buying everybody's bullshit. And everybody learned from the 90s Oh shit, there's a market for this. And then in 2000 they exploded. Remember infomercials? That's |
| 1005 | 02:58:35,580 --> 02:58:45,150 | when that shit happened. Because everybody feels like don't feel like felt like they could go in there and provide a service or a way of doing something to |
| 1006 | 02:58:45,150 --> 02:58:55,950 | everybody if you could put an infomercial up. Here's a test for some of your older folks. Do you remember a guy named Don lucre? I take tiny classified ads, |
| 1007 | 02:58:55,950 --> 02:59:04,770 | and I place them in 1000s of newspapers all around the world. If I can get a newspaper pay me $35 or profit from them. I'm 1000 newspapers. I'm making |
| 1008 | 02:59:04,770 --> 02:59:18,600 | $35,000 a week, every week, week after week, I'm getting checks. Okay? But he's not telling you to fucking cost of doing that is breakeven. So I heard this shit |
| 1009 | 02:59:18,600 --> 02:59:27,930 | as a young man. And I said, Holy shit. This is the fucking ticket. I'm getting out of this fucking vending job. I'm gonna do that. So I thought it's bullshit. |
| 1010 | 02:59:28,710 --> 02:59:39,060 | And it was literally a rag. Like it was like a comic strip on the back of a fucking newspaper. It was worthless. He gave me a directory of everything that |
| 1011 | 02:59:39,330 --> 02:59:49,200 | every newspaper and phone number you can post an ad with. You can get that shit on the Internet. The Internet was around then. But when he got me was the |
| 1012 | 02:59:49,200 --> 03:00:02,400 | upsell. The upsell was okay, because you are now a member of my private community. I'm going to let you in on an exclusive deal. One 900 Numbers. Yeah, |
| 1013 | 03:00:02,730 --> 03:00:12,390 | I had one I had one 900 numbers. I had a betting channel at a horoscope channel, I had a dating service line, all that shit. Okay, I had all that stuff. And you |
| 1014 | 03:00:12,390 --> 03:00:25,350 | know how much money I made off of it? About $8,000. That's it. He made more money than I did. I got one minute. One, I'm sorry, $1 per minute for every call |
| 1015 | 03:00:25,350 --> 03:00:36,570 | that was made. And he had $1.50 of it. Now I had to do the advertising. But he made more money off of it. Long story short, he ended up getting arrested for |
| 1016 | 03:00:36,570 --> 03:00:47,280 | some bullshit, and he cut his own fucking throat in the jail cell that's down the prey. So I've done that shit, too. I sold a book for handicapping horse |
| 1017 | 03:00:47,280 --> 03:00:56,850 | races. And the only thing I did was I literally as a young man, I was a teenager, I went to the library in Essex, and looked up handicapping horse |
| 1018 | 03:00:56,850 --> 03:01:07,290 | races. And I took a book and I condensed it down to 15 pages and I put it in the city paper. And I sold it for $19. And I was making more money than I was making |
| 1019 | 03:01:07,290 --> 03:01:19,560 | when I was working as a fast food guy. So I said, Fuck this, I'm not working. And I did that for about three years. And I only put the ads in the Avenue, |
| 1020 | 03:01:19,920 --> 03:01:31,290 | which is a little shitbag newspaper on Thursday that came out. And I ran on the city paper making money handicapping horse races. And it was something I just |
| 1021 | 03:01:31,290 --> 03:01:44,940 | simply condensed. And there it was. But gamblers, okay. gamblers are sick individuals. I didn't realize that at the time, I just figured Oh shit, I'm |
| 1022 | 03:01:44,940 --> 03:01:55,110 | gonna sell something. Because what I see these people that I was working for, they had a mail order business. And they literally were selling things all |
| 1023 | 03:01:55,110 --> 03:02:05,340 | around the world. All kinds of shit. Like, wow, you know, I want to start doing that. And I talked to one of their nephews. And I said, Listen, you know, if you |
| 1024 | 03:02:05,340 --> 03:02:13,050 | were going to do this, what would you do? I don't know. I just like what I'm doing now. You know, I just gotta sit back and get the money. I say yeah, but I |
| 1025 | 03:02:13,050 --> 03:02:21,180 | don't have that. How can I? How can I start something if you were doing it? What would you sell? Because I don't know, I'd probably sell like a book or |
| 1026 | 03:02:21,180 --> 03:02:32,460 | something. So the deal would sell. And here's the things that sell making money and sex. Anything making money sells number one, but the only thing that |
| 1027 | 03:02:32,460 --> 03:02:43,710 | outperforms that is same thing sexual as pornography. I never was interested in that. And his family was into that industry. They owned a theater on film, Bella |
| 1028 | 03:02:43,710 --> 03:02:55,320 | road, or Hoffa came over his heart for murder belly road. And then they did a lot of the the adult novelty stuff, mail order stuff. And man, I literally when |
| 1029 | 03:02:55,320 --> 03:03:08,490 | I walked in, and I saw their dining room table, and they had mountains of fucking money falling off on the floor, falling off on the floor. And this man's |
| 1030 | 03:03:08,520 --> 03:03:21,120 | wife came in the room. And her wedding ring looked like a blue ice cube. The diamond was blue. It was huge. Fucking enormous. It was so ridiculous looking. I |
| 1031 | 03:03:21,120 --> 03:03:27,840 | was nervous. I was like, I'm in the wrong fucking place. I didn't want to move. I was afraid if I if I made a movement, even looking like I was getting close to |
| 1032 | 03:03:27,840 --> 03:03:32,940 | that money, they probably bust me in the head, like, you're gonna trash the amount of shit. Like I was nervous. I've never been around that kind of money |
| 1033 | 03:03:32,940 --> 03:03:40,560 | before. So I'm thinking, okay, they clearly know what the fuck you're doing. So I was asking his nephew, I was like, hey, you know, what would you do? And he's |
| 1034 | 03:03:40,560 --> 03:03:48,720 | like, sell a book. I was like, Okay, what sells? He said, making money or sex. I said, Well, I'm not doing anything sex. I've never, never been into that shit. |
| 1035 | 03:03:50,490 --> 03:03:52,410 | So I was like, Okay, well, what makes money? |
| 1036 | 03:03:54,090 --> 03:04:01,770 | lottery numbers. Everybody had a thing for lottery numbers. And I was like, fuck that. If I had to win the lottery, I just win the lottery. That's like, what do |
| 1037 | 03:04:01,770 --> 03:04:10,830 | people bet on horse races. I knew nothing about fucking horses. I knew nothing about racing horses. And my grandmother had horses and I wrote them on the |
| 1038 | 03:04:10,830 --> 03:04:18,780 | weekend when I'm come up here, but the person that I didn't know anything about courses. So I went to the library and I saw a book and I picked it up, I read |
| 1039 | 03:04:18,780 --> 03:04:27,660 | it. I was like, Okay, I now understand what horse horse racing is about and how you can cap racing stuff. So I've condensed it down to like 15 pages. And I drew |
| 1040 | 03:04:27,660 --> 03:04:38,400 | the own my own picture of the horse in the front being written by jockey. And there it was, I sold it right on City Paper and the avenue and I only made the |
| 1041 | 03:04:38,400 --> 03:04:49,620 | copies that were purchased mail order you know money horse will come in. I didn't have to do any kind of the MasterCard Visa Card Not much it in sometimes |
| 1042 | 03:04:49,620 --> 03:05:00,840 | it will be cash. There it is is done. So that was the beginning stages of entrepreneur Huddleston but I have no idea had a fuck we got on this |
| 1043 | 03:05:00,840 --> 03:05:12,660 | conversation. But back to Larry Williams. That influence he had on me that was a negative influence. That negative influence of me listening to him and holding |
| 1044 | 03:05:12,660 --> 03:05:27,540 | his opinion in high regard was detrimental to my development. And by having a profitable approach coming to me, and then you hear me say, everything else is |
| 1045 | 03:05:27,540 --> 03:05:38,400 | stupid, that you have to understand something. That's my opinion, I was scarred by all that shit. I couldn't make it work like I make this work. So I am highly |
| 1046 | 03:05:38,400 --> 03:05:46,770 | opinionated. I am absolutely convinced that no one could make me see anything other than what I see now on price, because while you see the results of it, |
| 1047 | 03:05:47,730 --> 03:05:57,510 | it's precise. But I don't want you much like watching other people leave positive comments about me. And negative comments, don't let any of that |
| 1048 | 03:05:57,510 --> 03:06:06,720 | influence or form your opinion about what it is you're learning or your experience with me have that experience uniquely independent from everybody |
| 1049 | 03:06:06,720 --> 03:06:19,350 | else's input. And that way, you can't blame the results on anything except for the content either works or it doesn't. Or you're lazy. Because that's the only |
| 1050 | 03:06:19,350 --> 03:06:28,620 | outcomes if you're not lazy, you will make this work for you. You can't deny it. It's the truth. It's the absolute market. But you have to come to grips with. |
| 1051 | 03:06:30,090 --> 03:06:40,590 | There are things that you're going to encounter in this industry that are taboo. There is no stop hunts, there is no them that are going to get you and love the |
| 1052 | 03:06:40,590 --> 03:06:51,090 | old timers. And Larry Williams is old time, like he's been at it longer than I have. He's been doing it 50 years. I've been doing it 30. And he's done, you |
| 1053 | 03:06:51,090 --> 03:07:00,360 | know, all kinds of books, and you made a name for himself as an educator and such. And He's highly regarded. And I regard him he's like, he was my first |
| 1054 | 03:07:00,360 --> 03:07:13,260 | mentor. But he making that remark as much as he believed in it had a huge fucking negative impact on me. And I wrestled with, I know in my heart of hearts |
| 1055 | 03:07:13,260 --> 03:07:24,660 | that he's wrong. But because I looked at him as a mentor or father figure, young, impressionable Huddleston, I didn't want to admit in my heart of hearts |
| 1056 | 03:07:24,660 --> 03:07:38,880 | that he was wrong. He was wrong. Absolutely fucking wrong. Okay. So instead of just going through the process of saying, Okay, let me just suspend my belief in |
| 1057 | 03:07:38,880 --> 03:07:51,030 | what he believes in agreeing with it. And let me go just test this on my own. I put it off. And I knew, and I have it in my journals. I'm wrestling with this |
| 1058 | 03:07:51,030 --> 03:08:01,380 | right now. I just wish he never would have said that. And by me saying that in my journal, what did I just do? I reinforced the negative control and power of |
| 1059 | 03:08:01,380 --> 03:08:09,030 | that statement he made. They're his fucking words. That's all they are their words. Some of you get offended, cuz I'm dropping the F bomb. You chose to be a |
| 1060 | 03:08:09,030 --> 03:08:20,190 | Christian. It's a fucking word. Okay, it's just the word. I'm emphasizing something. I am not calling you out of your name. I'm ferocious ferociously |
| 1061 | 03:08:20,190 --> 03:08:28,830 | trying to communicate the level of passion I have behind what I'm saying. If it's ugly language, look past it. Just understand I'm talking to you because I |
| 1062 | 03:08:28,830 --> 03:08:37,710 | want you to do well. I'm not trying to offend any of you. I'm not trying to be Mr. Perfect Christian, because it is none of them. They don't exist. But I'm |
| 1063 | 03:08:37,710 --> 03:08:48,720 | trying to communicate the understanding that other people's opinion about me or anyone else, good or bad, don't elevate that shit to a level where you adopt it. |
| 1064 | 03:08:49,440 --> 03:08:59,460 | And you haven't done the work yourself the evaluate whether or not their opinion of whatever it is you're talking about is even valid. I had that problem in my |
| 1065 | 03:08:59,460 --> 03:09:08,070 | own development. And when I journaled it multiple times, I would literally start off my journal sometimes saying, I'm still wrestling with Larry Williams saying |
| 1066 | 03:09:08,070 --> 03:09:15,510 | that he doesn't believe there's a stop when I'm looking at this shit. And I just got stopped out on soybeans. It went right to my fucking order. It didn't go one |
| 1067 | 03:09:15,510 --> 03:09:23,880 | tick beyond and went right to mine in the stock and that was the low of the day and it went up. Limit up the next two days. And you're gonna tell me they ain't |
| 1068 | 03:09:23,880 --> 03:09:38,460 | no fucking people out there taking stops. Come on, man. You gotta call bullshit eventually. So there's a there's a spectrum to this. If you're coming to me new |
| 1069 | 03:09:38,460 --> 03:09:47,310 | if you've been here for a while or if you're profitable trader doing other things. You're going to hear me say things that are highly opinionated. And I |
| 1070 | 03:09:47,310 --> 03:10:00,660 | don't want you take anything I say. That is an opinion about other styles, other approaches to trading. I'm not oblivious to the fact that they there's other |
| 1071 | 03:10:00,660 --> 03:10:10,350 | people out there literally making money. And they have no idea what a fucking order block is. They have no idea what a fair value gap is. They have no idea |
| 1072 | 03:10:10,650 --> 03:10:23,820 | about any of this shit I'm teaching you. And yet they're profitable. I'm aware of that. But I have to be me. And I'm sure when Larry Williams said he would he |
| 1073 | 03:10:23,820 --> 03:10:32,160 | said, he had well meaning intentions as the the encouraged his students. Like he was initially dealing with me, I was like, okay, so no one's gonna get my stop |
| 1074 | 03:10:32,160 --> 03:10:41,460 | loss. Because as soon as I understood what he was teaching, a stop loss order. This is going to protect me from losing more money, but I'm going to lose money. |
| 1075 | 03:10:41,970 --> 03:10:49,560 | Fuck that. I don't want to put that in there. Because if I'm doing this, I should be right. That's what that's what you're expected to learn as a trader, |
| 1076 | 03:10:49,560 --> 03:10:56,430 | right? Everybody comes to that conclusion, when you first come here, not just to me to anybody trying to learn how to trade. When you buy a book, you're |
| 1077 | 03:10:56,430 --> 03:11:07,260 | thinking, okay, he's gonna teach me how to not take loss. You're gonna teach me how to never take a losing trade. Nobody has that. Nobody has that book. Nobody |
| 1078 | 03:11:07,260 --> 03:11:15,720 | has that course. Nobody has that mentorship, nobody has that secret technique. You're going to trade with my concepts, you're gonna have losing trades, you're |
| 1079 | 03:11:15,720 --> 03:11:26,970 | gonna have wins winning trades, like anything else. The difference is, when you are wrong here, you're not going to go on back and trying to form fit, what |
| 1080 | 03:11:26,970 --> 03:11:36,390 | setting on your indicator would have avoided that you fucking lost next. Next trade. It doesn't mean anything's broken. It just means you had a human error, |
| 1081 | 03:11:36,450 --> 03:11:44,310 | you did something wrong, own it, take full responsibility for it, you had money manage behind the trade properly, it did not crush your account, it did not make |
| 1082 | 03:11:44,310 --> 03:11:54,570 | you nuts, because you had a losing transaction. It just means guess what, you got a flat tire. It sucks. Suck it up, get on the road. Again. It's as simple as |
| 1083 | 03:11:54,570 --> 03:12:03,090 | that. But you're going to make it bigger than it really is. Because you're bringing in what preconceived notions to Hey, every trader that makes money |
| 1084 | 03:12:03,120 --> 03:12:13,440 | never loses. That's how I went into this. Because I looked at what Larry Williams did being permitted back then. Oh, shit, he took 10,000 hours to $1.2 |
| 1085 | 03:12:13,440 --> 03:12:22,110 | million in one year. And then when I found that he was over $2 million at his equity high. That was it, that nobody could have told me anything bad about him |
| 1086 | 03:12:22,110 --> 03:12:34,080 | in. And here's the thing. He lost more than half of that equity high. And I didn't even see it like that. I held on to the fact that he got up to 2.2 |
| 1087 | 03:12:34,080 --> 03:12:47,250 | million. Hey, he did 2.2 million, he didn't go home with 2.2 million. He got there though. Now as a trader looking back now more mature. I can appreciate the |
| 1088 | 03:12:47,250 --> 03:13:01,380 | fact that he went from 2.2 down to 700,000 and back up to 1.2. But at the time, as a young man, it completely went over my head that he was at 2.2. And last all |
| 1089 | 03:13:01,380 --> 03:13:17,940 | the way down to 700,000. That, to me, is much more impressive. They come back from that drawdown still come out with 1.2. But the fact that in my infancy, not |
| 1090 | 03:13:17,970 --> 03:13:29,010 | even recognizing that level of drawdown. Like I didn't want to see it as a bad thing. And that's why I don't want you all to refer to me as the greatest of all |
| 1091 | 03:13:29,010 --> 03:13:39,870 | time, the goat the king, number one that builds an expectation that's unrealistic. Because I am not infallible, I do do things incorrect, I do |
| 1092 | 03:13:40,050 --> 03:13:42,270 | sometimes not do it right. |
| 1093 | 03:13:43,890 --> 03:13:52,710 | And that doesn't mean that you can't learn from me, it doesn't mean that these concepts don't work. This means that I'm human, I have a lot of things that go |
| 1094 | 03:13:52,710 --> 03:14:03,510 | against me. And you get to hear these character falls when I'm doing these live streams and Twitter spaces where there's no filter with me. And you literally |
| 1095 | 03:14:03,510 --> 03:14:19,530 | hear and experience the mood swings that I go through. And these are well, they're not even the extreme. Like there's times where I'm swinging crazily and |
| 1096 | 03:14:19,530 --> 03:14:30,930 | I can't control it. bipolarism is very difficult to live with. And it's really hard for the people around you and trading with it and teaching with it. It to |
| 1097 | 03:14:30,930 --> 03:14:43,110 | me, I'm astonished that I'm effective at all. Because I know how it's hard for me to listen to certain people. And I know how I can really like to listen to |
| 1098 | 03:14:43,110 --> 03:14:52,140 | certain individuals, but they have nothing to offer. And then there's some people that you'll listen to, that you really can resonate with. And you can |
| 1099 | 03:14:52,140 --> 03:15:04,410 | just like listen until and I know I'm not the cup of tea for some of you, and I wish I could fix it I can't, and just try to take me out of that. I'm just the |
| 1100 | 03:15:04,410 --> 03:15:13,650 | conduit, go to the content, study it, take what you need to make yourself better with it. And just keep me abreast as what you do with it. That's all I'm asking |
| 1101 | 03:15:13,650 --> 03:15:26,010 | for. I'm interested to see what you do with my life's work, that's all. And already, you can see some people already are doing amazing things. And to me and |
| 1102 | 03:15:26,010 --> 03:15:36,840 | my family, we were actively interested in the scene with all of you do with it. This year, I believe will be a monumental experience for all of you, it will be |
| 1103 | 03:15:36,840 --> 03:15:55,320 | for me, because you know, I'm, I'm trying to deal with him. But I'm not short on realistic expectations, knowing that I will still meet with failure in some of |
| 1104 | 03:15:55,320 --> 03:16:08,760 | you. I won't connect the dots for some of you. And if that happens, my in my last request would be for you to give us some time, take take some time away |
| 1105 | 03:16:08,760 --> 03:16:17,400 | from it and come back to it later on. And see if it doesn't do it for you then. But at least try to be there when we're doing the live sessions, because you'll |
| 1106 | 03:16:17,400 --> 03:16:26,580 | see it and you'll hear me talk about it. And I'll explain what I'm seeing and what it should do and what it shouldn't do. And don't discount the fact that |
| 1107 | 03:16:26,580 --> 03:16:37,230 | it's on a one to five minute chart. Because everything I'm talking about is the same thing every time frame is going to do. When you see what I'm referring to, |
| 1108 | 03:16:37,500 --> 03:16:48,090 | it'll make much more sense when you start back testing and looking at old data. It'll be it'll literally leap off the chart at you. And it'll feel like you ever |
| 1109 | 03:16:48,090 --> 03:16:58,980 | seen a stereo gram. If you've never seen a stereo gram, so some some people can't see a stereo gram. What it is, is if you look at a picture, and it's |
| 1110 | 03:16:58,980 --> 03:17:08,370 | usually made with like dots or some kind of pattern, and you can look at it casually, it just looks like okay, well, there's nothing to that. But if you let |
| 1111 | 03:17:08,370 --> 03:17:19,440 | your eyes relax, almost feel like you're crossing, there's a three dimensional image that will come to view. And when you have the experience of once you |
| 1112 | 03:17:19,440 --> 03:17:28,710 | understand what I'm teaching you, you'll look at the charts. And they'll be just like that experience the first time you see a stereo gram. And probably somebody |
| 1113 | 03:17:28,710 --> 03:17:38,070 | right now you're Googling what is a stereo gram. If you've ever had that experience of seeing one it's really neat, it's in some of them are are pretty |
| 1114 | 03:17:38,070 --> 03:17:46,080 | lame once you finally see what they're what they're hiding, but they'll draw like a picture of a horse, there'll be an image of a horse or a fish or it could |
| 1115 | 03:17:46,080 --> 03:17:53,970 | be a word or whatever, something's hidden inside that picture. And when you finally see price for what it is, on the days, it's going to do certain things. |
| 1116 | 03:17:55,530 --> 03:18:02,520 | Like for instance, the other day, not yesterday, not today, we just finished with the previous day, where I gave you every level for the day, and it ran up |
| 1117 | 03:18:02,970 --> 03:18:11,430 | closed in the 660 Minute fairway gap broke down, went back to the opening gap and down into the fairway got the shade and blue like it did the whole full |
| 1118 | 03:18:11,430 --> 03:18:22,800 | monty that day. Every level I gave you had something that deal with that individual day, when you have that moment of astonishment, where you can see |
| 1119 | 03:18:22,800 --> 03:18:29,610 | these things before they happen. And you know where they're going to key up on where the highs and lows are going to form where the setups are going to form |
| 1120 | 03:18:29,610 --> 03:18:37,980 | and you're going to use a week from the time of day when it's going to form. There's nothing that you can use in terms of words to describe it. It's that |
| 1121 | 03:18:37,980 --> 03:18:54,600 | moment of what feels like real magic. It feels like all the planets aligned. Like everything finally makes sense. And it's a weird epiphany that I still am |
| 1122 | 03:18:55,080 --> 03:19:05,640 | always trying to find a way to articulate and I can't, because none of the words I could string together won't even come close. It feels like you can finally see |
| 1123 | 03:19:05,640 --> 03:19:16,740 | it. The thing that you don't even know what you're looking for. Which makes no sense. You listening to me right now I'm here in my own words. It doesn't reach |
| 1124 | 03:19:16,740 --> 03:19:27,270 | far enough. It doesn't it because it gives you a sense of empowerment that when you experience it and you start living it and you can see it repeating all the |
| 1125 | 03:19:27,270 --> 03:19:39,090 | time. If you communicate the level of confidence you have in it, you're going to sound arrogant to you're going to and at some point you're not going to give a |
| 1126 | 03:19:39,090 --> 03:19:48,570 | fuck what people think. Because you don't have time to explain it. And if it's yours, oh, I don't have time to explain it. Okay. I don't have a way of |
| 1127 | 03:19:48,570 --> 03:19:56,040 | explaining it where you're gonna you're gonna have to experience it yourself. And some of you have been experiencing it. Students that have gone through |
| 1128 | 03:19:56,040 --> 03:20:03,720 | mentorship, they have experienced it. They make real fucking money they don't give a shit whether you believe them or not. They don't give a fuck. They don't |
| 1129 | 03:20:03,720 --> 03:20:12,750 | care. None of that matters. Their life is completely and permanently fucking changed for the positive. They don't give a rat's ass who's making videos about |
| 1130 | 03:20:12,750 --> 03:20:25,740 | what? Who's talking about what? They don't give a shit. When you start making money be honest now. Text No, not text tweet me right now. Who? Who's gonna be |
| 1131 | 03:20:25,740 --> 03:20:34,320 | the one that gives a fuck what anybody else thinks when you start making bank? Name the person you're gonna give a fuck about hearing from when you start |
| 1132 | 03:20:34,320 --> 03:20:41,790 | making six figures a year who's who's going to be the person that's going to make you feel bad about doing that? Is there anybody you can name? Because |
| 1133 | 03:20:41,790 --> 03:20:51,360 | chances are you're probably typing nobody? Yep, nobody. That's the person that's going to influence you. Because none of this is going to matter. anybody's |
| 1134 | 03:20:51,360 --> 03:21:02,730 | opinion about what you're doing when you're being successful, matters not. And there's nothing wrong with living like that. Being successful, is always going |
| 1135 | 03:21:02,730 --> 03:21:11,010 | to have some measure of other people being angry, they couldn't do what you're doing. And now they've cultivated this mindset that if you can do it, you, you |
| 1136 | 03:21:11,010 --> 03:21:21,000 | owe everybody else a piece of it. Because it's not fair, equality, here's the equality, I'm giving it to you for fucking free. You all have the same |
| 1137 | 03:21:21,000 --> 03:21:37,140 | advantages. So do it, do it. But once you get there, don't be stingy with it. Help other people do something nice for other people. And I want to hear about |
| 1138 | 03:21:37,140 --> 03:21:46,620 | that. I'm hoping that I've encouraged that type of mindset in all of you. And when you get to that point, when you can afford to do things nice. You don't |
| 1139 | 03:21:46,620 --> 03:21:57,210 | have to make a big show that I have people that are building hospitals in other countries. You know, I have people that are building orphanages, and all these |
| 1140 | 03:21:57,210 --> 03:22:08,190 | things like that, to me and my family. We see that type of stuff. That's, that's incredible. That stuff that really matters, not about a fucking Lamborghini man, |
| 1141 | 03:22:08,190 --> 03:22:18,570 | I had paid cash for it. It's great. And it's like off. Nobody cares about that. Lamborghinis, you're out of style. The Bugatti man, I want to be impressed. Show |
| 1142 | 03:22:18,570 --> 03:22:27,630 | me a Bugatti bike by the first Bugatti. That's what I want. Because if you ain't got a Bugatti, I'm gonna talk about your car. So enclosed closing, we've covered |
| 1143 | 03:22:28,380 --> 03:22:37,560 | a great deal of things, obviously, much more than you probably paid for. But there aren't any refunds. And everything you're going to see this year will help |
| 1144 | 03:22:37,590 --> 03:22:50,100 | solidify everything you've seen in videos from me over the years. But monthly goals are absolutely crucial to you developing. Because if you aim at nothing, |
| 1145 | 03:22:50,100 --> 03:23:01,470 | you'll hit it every single time. And if you're here to learn how to make money, and you're not aiming for something in terms of monetary goal, if it's |
| 1146 | 03:23:01,470 --> 03:23:12,660 | realistic, and I think 10% or less, and 10% is two and a half years minimum experience, consistently profitable minimum, two and a half years like that, |
| 1147 | 03:23:14,010 --> 03:23:25,590 | then and only then would I even promote the idea of aiming for 10% a month. But prior to that, that just aim for three to 6% the end of the first year, you |
| 1148 | 03:23:25,590 --> 03:23:35,760 | should be going into your first full year going into second started new year. That should be a goal of 6% per month. And accepting the fact that sometimes you |
| 1149 | 03:23:35,760 --> 03:23:43,770 | won't, you won't hit it. But you won't be in a rush to try to get it before the end of the month. That's the difference. And that's also a growth that you'll |
| 1150 | 03:23:43,770 --> 03:23:52,080 | have to go through. That's uncomfortable. Because you want to be perfect. You want to hit your monthly goal every single month. And when you go into drawdown, |
| 1151 | 03:23:52,380 --> 03:24:02,160 | you're going to feel like you want to make it back or worst case scenario. Think, okay, my goal is 6%. And on January 1 of the new year, when I start as my |
| 1152 | 03:24:02,160 --> 03:24:15,570 | second year, in 2024. You have a goal of 6% and say you only make three and a half percent. Don't go into February, trying to do the 6% plus the difference |
| 1153 | 03:24:15,570 --> 03:24:25,110 | that that you didn't make in January. Just accept the fact that you didn't hit it. Learn from that develop responsibility and discipline not to chase the |
| 1154 | 03:24:25,110 --> 03:24:35,340 | money. You're sticking to a process. Are you going to be mad if you have a six figure account to $50,000 funded account? And you made three and a half percent |
| 1155 | 03:24:35,340 --> 03:24:48,060 | in January 6% in February 4% in March 1% in April 6%, the next three months after that, and then 2% Maybe breakeven on a few months the rest of the year. Is |
| 1156 | 03:24:48,060 --> 03:25:00,000 | that a failure? Slug no it's not a failure. You will not go into a tailspin because you're not losing your mind about losing a trade. You're not in a rush. |
| 1157 | 03:25:00,000 --> 03:25:10,290 | Just to get it back, you're not trying to do an Olympic feat. You're doing realistic expectations, aiming for something that's logical. Think about what |
| 1158 | 03:25:10,290 --> 03:25:22,800 | the industry teaches 2% risk that's too high, it's too high, you don't need to do that. You don't need to do that at all, you can do 1% or less than 1%. And |
| 1159 | 03:25:22,800 --> 03:25:33,630 | make all the money they ever fucking need. But the problem is, you can't see it, because you can't see consistency, consistency, doing the same thing, what's the |
| 1160 | 03:25:33,630 --> 03:25:42,420 | same thing, your multiplier, the very thing, that pattern that you look for all the time that you're going to place money behind, and the money management does |
| 1161 | 03:25:42,420 --> 03:25:55,590 | the heavy lifting. How many Big Macs that McDonald's sell, will fuck knows a lot of them, right? They make a Big Mac the same fucking way they've been making |
| 1162 | 03:25:55,590 --> 03:26:03,210 | them the same way forever. A mom used to eat them all the time. I don't eat McDonald's fucking food. But I don't even call it food. But that Big Mac is the |
| 1163 | 03:26:03,210 --> 03:26:12,900 | same shit sandwich that it was back in the 70s. When I was seeing it the first time as a young boy. They're not trying to reinvent some shit, okay? It's the |
| 1164 | 03:26:12,900 --> 03:26:27,210 | Big Mac. When you're going into your trading, the same recipe, the same model, the same multiplier that McDonald's uses for their big mac sandwich, you're |
| 1165 | 03:26:27,210 --> 03:26:36,570 | doing that with your setup. You're not trying to make a fucking big mac a whopper, okay, you're not trying to make it a fucking you know something other |
| 1166 | 03:26:36,570 --> 03:26:45,810 | than what it is. And you're looking for it to appear in your chart. And when it's there, you don't think about it, you just engage it, you do it the same way |
| 1167 | 03:26:45,840 --> 03:26:56,160 | every single time you manage it the same way every single time. Done, the same measure of percent in terms of risk you're putting on the trade each time is the |
| 1168 | 03:26:56,160 --> 03:27:07,140 | same. As your equity goes up, you're gonna be risking more money. But percentage wise, it's the same amount of risk per equity. That's the benefit of having |
| 1169 | 03:27:07,140 --> 03:27:17,520 | money management do the heavy lifting, you're doing the same thing all the time. And as the money goes up, the effort and results are compounded because of more |
| 1170 | 03:27:17,520 --> 03:27:26,730 | equity and more leverage being placed behind the trade, but you're not increasing it exponentially in terms of percentage per risk. It's just the |
| 1171 | 03:27:26,730 --> 03:27:35,070 | amount of equity being allocated in that percentage, as equity goes up, your leverage will be going up. So your position size will be increasing. But the |
| 1172 | 03:27:35,070 --> 03:27:49,110 | measure of risk is never increasing. Monetarily it is. But percentage wise, it's not increasing, you have a fixed rate of risk, percentage wise. And as you draw |
| 1173 | 03:27:49,110 --> 03:27:58,830 | down, when you have losing trades, then you start scaling it back. That's the reason why you want to have like 1% to three quarters of 1%. Because that gives |
| 1174 | 03:27:58,830 --> 03:28:09,930 | you a framework to do what when you have a losing trade, cut your position in half. Now, you can go in with the lowest level of leverage and start there. |
| 1175 | 03:28:10,620 --> 03:28:20,130 | There's nothing wrong with that either. But I like to have a little bit of a horse in the race. And, you know, 1%, three quarters of 1%, I think is doable. |
| 1176 | 03:28:20,880 --> 03:28:30,930 | It's not exposing you to obscene amount of risk. But you can still control your account, doing that over and over and over again, losing control, having a |
| 1177 | 03:28:30,930 --> 03:28:40,530 | number of trades that you're willing to take in a day and knowing when to stop. Like they're all rules that you have to have. And that's all part of what makes |
| 1178 | 03:28:40,530 --> 03:28:49,860 | your multiplier, your setup your pattern, your unique model. This there's things you have to bring to it not just simply Oh, I'm looking for fair value gap after |
| 1179 | 03:28:49,860 --> 03:28:57,720 | shift to market structure and looking for you know, a discount or a premium array to to attack. Okay, well, what are you gonna risk on your trade? And what |
| 1180 | 03:28:57,720 --> 03:29:04,830 | happens if you take a loss on that trade? How are you going to engage? When will you stop? See when I go on the live streams? I know we were supposed to stop |
| 1181 | 03:29:04,830 --> 03:29:16,080 | talking right? I'm awake. So I'm still talking. When I'm on live streams, and I get a chance to ask the person that's doing the live stream I asked questions |
| 1182 | 03:29:16,080 --> 03:29:24,870 | like this, like what? What tells you when to stop? Like when do you pull the plug on your trading for that? Is there a certain amount of money that you aim |
| 1183 | 03:29:24,870 --> 03:29:33,780 | for once you hit you're done? Is there a certain number of losing trades or a percentage of equity you are willing to absorb or how many losing transactions |
| 1184 | 03:29:33,780 --> 03:29:42,360 | Do you have before you call it quits? If you make money in the morning, do you trade in the afternoon or vice versa? Like I asked this of anyone that allows me |
| 1185 | 03:29:42,360 --> 03:29:50,850 | to be able to comment and some of these fucking live streamers are little bitches because they see me in there. Okay. Weiland okay, you won't answer any |
| 1186 | 03:29:50,850 --> 03:30:01,290 | of my questions and I'm being sincere I'm I'm part of your audience. Okay, and you won't answer my questions. It takes your moderators See what I said, then |
| 1187 | 03:30:01,290 --> 03:30:10,110 | you'll respond to them, but whatever. But I asked the same type of questions. Because I'm interested in the way the trader thinks I could give two fucks, what |
| 1188 | 03:30:10,110 --> 03:30:18,360 | they used to get in because 90% of the time, what they're doing is is asinine shit. They're either chasing the market legitimately chasing it, or they're just |
| 1189 | 03:30:18,360 --> 03:30:33,900 | flat out wrong. But I like listening to their approach to how they internalize it. What, what causes the wrestling matches internally, because that's where |
| 1190 | 03:30:33,900 --> 03:30:44,520 | everybody fails. And I'd like listening to their answers. And for the most part, they all have the same retail responses, you know, they just, they just trust |
| 1191 | 03:30:44,520 --> 03:30:53,730 | their gut. They, you know, they, when they feel the pressure of it, and just can't handle any more than they stop, to me, that's bullshit. You have to have |
| 1192 | 03:30:53,730 --> 03:31:01,350 | it written out. I'm going to take a losing trade once in the morning. And then if I have a losing trade in the morning, I'll go one more time. If I lose again, |
| 1193 | 03:31:01,350 --> 03:31:13,710 | in the morning session, there is no afternoon session. That's it, we're done. Because I'm at, I'm at my two loss in the same session. And that means I'm |
| 1194 | 03:31:13,710 --> 03:31:22,020 | probably going to be going in bitter and sore, and wanting to prove something, and I want to get it all back in the afternoon. So therefore, do what, just take |
| 1195 | 03:31:22,020 --> 03:31:31,890 | it home, go there tomorrow and try it again. That's why I'm teaching you that way. In time, you'll know when you can go in the afternoon and correct that. But |
| 1196 | 03:31:31,890 --> 03:31:42,570 | you don't know what that's like, when you're brand new, you're impulsive, you have no idea what you're doing. And I have to be careful what I was gonna say |
| 1197 | 03:31:42,570 --> 03:31:48,180 | because another person that I like watching would probably be offended about what I'm going to say, and it wouldn't have anything to do with them. So hold |
| 1198 | 03:31:48,180 --> 03:31:59,040 | that thought for a different conversation. But you have to know what causes you to say I'm not doing it. If you take a losing trade in the morning, and you |
| 1199 | 03:31:59,040 --> 03:32:07,920 | don't take a second trade at all, then you can go on an afternoon, trying to just take some of the loss away, you're not trying to get it all back, you're |
| 1200 | 03:32:07,920 --> 03:32:21,420 | not trying to double the loss into a game. These are all rules that have to be outlined written not well, you know, I'll use that today because it feels like I |
| 1201 | 03:32:21,420 --> 03:32:33,030 | should do it. No, you have to be rigid. With these rules. Big Macs are not fucking made with chicken strips, okay? This is same wannabe beef in those |
| 1202 | 03:32:33,030 --> 03:32:43,740 | fucking pieces of bread, lettuce and 1000 Island sauce they call special sauce. That's a Big Mac. So they're doing it the same way all the time. Sometimes the |
| 1203 | 03:32:43,740 --> 03:32:52,410 | Big Mac that you get isn't fit for eating, it's just like the fucking trade, sometimes you're gonna get into it, and it could be worth having. It's the way |
| 1204 | 03:32:52,410 --> 03:32:57,720 | it is. Sometimes you just, you don't get what you paid for. And you get a bad result. |
| 1205 | 03:32:59,070 --> 03:33:07,830 | Doesn't mean Big Macs are going to sell in the future, there's going to be lots of people that want Big Macs. And just like that model that you're following, |
| 1206 | 03:33:07,830 --> 03:33:18,540 | once you identify what it is you're gonna be following, you're going to still trust it. Even though it gives you once in a while lackluster or subpar results. |
| 1207 | 03:33:19,380 --> 03:33:29,820 | And that is a learning curve that some of you aren't prepared for. You want it to be perfect. You want it to be painless, you want it to have no adversities |
| 1208 | 03:33:29,820 --> 03:33:39,690 | coming through walking through the door, and it's just right to the penthouse. Fuck that. Nobody has that experience. Nobody is have ever had that experience, |
| 1209 | 03:33:39,750 --> 03:33:49,440 | and you're not going to be the one that gets it. Even if I was to sit down with you, personally, and trade live right next to you, you still would have |
| 1210 | 03:33:49,470 --> 03:33:56,700 | adversities, you're going to have uncomfortable periods where you're not going to like think about it when I'm doing certain things in vehicle. How did you |
| 1211 | 03:33:56,700 --> 03:34:05,220 | know this? And how do you and I'm expecting you to talk about, hey, that entry pattern was framed on this logic here. And your staff also trained on that and |
| 1212 | 03:34:05,430 --> 03:34:15,480 | how do you get to that target? You're worrying about other shit? That's the least important thing. Why don't you use that There you go. And versus this one, |
| 1213 | 03:34:15,510 --> 03:34:25,350 | when that question you're asking is actually answered in the 2022 commentaries. You got to get past the first couple videos, folks. You got to watch them all. |
| 1214 | 03:34:25,530 --> 03:34:38,160 | That's why I put it in there. So it's not for a lack of trying I put the information in in the lectures but you have to watch them and not just listen to |
| 1215 | 03:34:38,160 --> 03:34:44,430 | him. You got to take notes and and go into okay, what he said about the market doing these certain things. Let me say that no one sees it. Boom, there you'll |
| 1216 | 03:34:44,430 --> 03:34:54,330 | see it. And then it's now understood. You don't need to watch the videos 15 times to get the the real flavor what I'm trying to communicate, you'll see what |
| 1217 | 03:34:54,330 --> 03:35:09,090 | it is and then you want me to go back to that topic anymore but If anything, I'm quite certain my mom, my wife is flipping out down here and my children's |
| 1218 | 03:35:09,090 --> 03:35:21,120 | probably as their mother rather. That's been a very long time. As I have, I've had a lot of time, a lot of fun tonight. And I'm feeling much better. And I've |
| 1219 | 03:35:23,880 --> 03:35:36,150 | thoroughly enjoyed having this discussion with you, maybe not so much, answered them, the nuts and bolts of what it is that you should do, because if you're |
| 1220 | 03:35:36,150 --> 03:35:50,640 | leaving this discussion, feeling like 25% 30% a month is doable consistently. I'm gonna argue that with you. Because if you're starting out just now, and you |
| 1221 | 03:35:50,640 --> 03:36:00,870 | think that's a goal for you to be trying to go for right away. Don't Don't do that, especially if you finally arrive at a point where you're funded. And you |
| 1222 | 03:36:00,870 --> 03:36:12,870 | have access to be able to take money from a company that makes it available to you. Be comfortable with dealing the least in the beginning, because it's so |
| 1223 | 03:36:12,870 --> 03:36:26,430 | easy to ruin it for yourself. And it's such a hard thing to climb back out of. It's much easier to defer instant gratification trying to do a lottery win, or a |
| 1224 | 03:36:26,430 --> 03:36:42,030 | big windfall victory. Because once you suffer that, it stays with you. It's something that will plague every decision you ever make going forward. I can't |
| 1225 | 03:36:42,030 --> 03:36:50,580 | tell you how many times when I put a trade on. As soon as I push the button, sometimes I'll have a flashback of something I did in another market decades |
| 1226 | 03:36:50,580 --> 03:37:02,640 | ago. And I wasn't even thinking about that market or that even remotely happening in recent weeks, days or months. But something triggers a memory. And |
| 1227 | 03:37:02,640 --> 03:37:13,140 | I'm like, oh shit, and it causes me a second guessed something which causes me to get slippage on on position entry. That's normal. That's a normal thing. But |
| 1228 | 03:37:13,140 --> 03:37:21,120 | when I first started encountering that, I felt like there was something wrong with me. No, it's just I have a lot of experience. And because I was learning to |
| 1229 | 03:37:21,120 --> 03:37:28,440 | do this improperly, because I didn't have a mentor sitting down with me in the beginning. You know, the good Lord Himself was the one that was given me the |
| 1230 | 03:37:28,440 --> 03:37:37,080 | tenacity stick with this and guide me through all the the turmoil. But I didn't have like this guy like you got right now and it's bloviating along about what |
| 1231 | 03:37:37,080 --> 03:37:55,020 | you shouldn't, shouldn't do. And it's hard to climb out of that. Pit. Once you place yourself there, even if it's a small little drawdown, there isn't enough |
| 1232 | 03:37:55,050 --> 03:38:09,030 | encouragement to fix that stain that puts on your career as a traitor because you all want to walk through with perfect linen, no soil, no stains, no tears in |
| 1233 | 03:38:09,030 --> 03:38:20,400 | your garments, that's not going to happen. You're gonna get beat up your Blackeye a deviated septum. Broken ribs, might lose a couple of teeth, you can |
| 1234 | 03:38:20,400 --> 03:38:31,200 | lose some hair, it's gonna Gray, you're gonna have all kinds of struggles, the longer you do this. And it's all part of it. And you got to know what you're |
| 1235 | 03:38:31,200 --> 03:38:42,300 | getting involved in. Because it's not all peaches and cream here. You have to be comfortable with, I'm losing sometimes. And that's fucking fun. Because it's not |
| 1236 | 03:38:42,300 --> 03:38:54,030 | taking me out. I'm gonna win. Every time I have a losing trade. The next trade, I'm trying to be even more precise with my entry and more precise with my exit. |
| 1237 | 03:38:54,480 --> 03:39:04,740 | And I'm doing it with less risk. And I turn it into a way of personal victory, doing exactly what I'm supposed to do within the rules in the context of how I'm |
| 1238 | 03:39:04,740 --> 03:39:20,010 | trading. And if you do that, guess what it does for you as a byproduct. It prevents you from going lunacy, like losing your mind, trying to get it back all |
| 1239 | 03:39:20,010 --> 03:39:31,920 | right away. You won't have any anxiety about forcing yourself and being correct and trying to repair the drawdown right away. And here's the other thing. You |
| 1240 | 03:39:31,920 --> 03:39:43,860 | won't regret not catching the big windfall wins. Think about how many times if you've watched me do a trade or watch the market tear off. And you can see it in |
| 1241 | 03:39:43,860 --> 03:39:56,640 | hindsight. Oh, I would have just been there. I could have done that. See, that's a problem. For a new trader. That's a huge, huge problem. Only recently in the |
| 1242 | 03:39:56,640 --> 03:40:10,830 | last, I don't know maybe eight years or so. Fear Of Missing Out FOMO is made its way to the vocabulary of a new startup trader. When we were coming up in the |
| 1243 | 03:40:10,830 --> 03:40:23,160 | 90s, and even before me, folks would make no mention of fearing missing a move. We were all scared shitless. Like we were afraid to get into markets, because we |
| 1244 | 03:40:23,160 --> 03:40:31,110 | were told what everybody loses their ass in the commodity markets don't trade commodities. Well, you know, me, you say Don't step on the grass, I'm gonna move |
| 1245 | 03:40:31,110 --> 03:40:37,890 | across that shit. So I jumped in there, if you're listening, I'm gonna do whatever I got to do to make money, and then lost my house right away. So I had |
| 1246 | 03:40:37,890 --> 03:40:56,970 | to learn how to trade. You are going to fear missing out on all these moves until you adopt a model. And you execute and operate only in the context and |
| 1247 | 03:40:56,970 --> 03:41:08,370 | roles and parameters of that model. When you do that, you will, number one, be sober minded about how making money is the number one common denominator, why |
| 1248 | 03:41:08,370 --> 03:41:17,730 | you're doing what you're doing. You're not in here to try to impress anybody. You're here to make fucking money. That's it, you got bills to pay, you have a |
| 1249 | 03:41:17,730 --> 03:41:24,120 | lifestyle, you're trying to flesh out for you and your family. There's no shame in that. There's absolutely nothing wrong with that. And having lots of money, |
| 1250 | 03:41:24,120 --> 03:41:33,240 | that's not evil. The love of money is the root of evil. Not having a lot of money is evil. That's bullshit. That's that's a twisting of it. So having a lot |
| 1251 | 03:41:33,240 --> 03:41:42,210 | of money is wonderful. Because you can do lots of things with money with the right mindset, and heart. You can do a lot of good things for other people. But |
| 1252 | 03:41:42,210 --> 03:41:54,480 | if you don't have a model, you will look at moves tear off and you not being a part of that move will make you do what regret, Chase and have remorse for not |
| 1253 | 03:41:54,480 --> 03:42:06,480 | having been a part of it. And that fear of missing out on the next one will drive you crazy. But now if you have a model that tells you, I'm engaging, I'm |
| 1254 | 03:42:06,480 --> 03:42:14,040 | only going to get this many points during this session. Once I get it. I'm stopping. I'm closing my fucking charts, I'll come back in the afternoon if my |
| 1255 | 03:42:14,070 --> 03:42:24,210 | model says I can. If it says no, I close it, and I come back the next day. And that makes you money. And you're not worrying about anything else outside of |
| 1256 | 03:42:24,210 --> 03:42:32,760 | that as you're keeping your focus on following the fucking rules. If you follow the rules, when you're driving your car, and you fall all the walls, you don't |
| 1257 | 03:42:32,760 --> 03:42:39,720 | speed you stay on your right side of the fucking road and the next person does the same way. And long as there's no weather issue, chances are you're probably |
| 1258 | 03:42:39,720 --> 03:42:52,020 | going to arrive in one piece. Change any of those circumstances. And guess what you've invited. Chaos. And chaos likes to come in here and astonishing manner, |
| 1259 | 03:42:52,830 --> 03:42:54,330 | sometimes much more expensive |
| 1260 | 03:42:55,830 --> 03:43:05,460 | than you've ever imagined that would be. And yes, the same thing you'll get in your trading. If you open yourself up to things that your parameters and your |
| 1261 | 03:43:06,090 --> 03:43:22,440 | rules are meant to protect you from? What's it protecting you from yourself. See, the broker isn't going to do anything to you. The market is not going to do |
| 1262 | 03:43:22,560 --> 03:43:36,900 | anything to you. Outside of what you allow. It can't take anything from you. If you don't enter the trade. It can't take more money from you than you allow that |
| 1263 | 03:43:36,900 --> 03:43:50,130 | to through leverage and your stock placement. Your broker can't make you put the trade on. And your broker can't make you take the trade off unless it margin |
| 1264 | 03:43:50,130 --> 03:44:02,310 | Jewelle. So who's really running this shit? You are. But everybody when they first start, they'd like to find fault with somebody else. Oh, this guy taught |
| 1265 | 03:44:02,310 --> 03:44:12,690 | me bullshit. This guy didn't teach me this way. Oh, my broker didn't let me do this. And I did that. And I did this. No. Own it. You fucked up. It's a learning |
| 1266 | 03:44:12,690 --> 03:44:28,560 | experience. grow from it. How do you present a track record of consistency without having a role based model? I don't understand that. Because I'm not |
| 1267 | 03:44:28,560 --> 03:44:36,840 | impressed with somebody just winging it. Putting trades on sometimes with a stoploss sometimes not. And only coming out of drawdown when you have the |
| 1268 | 03:44:36,840 --> 03:44:46,380 | highest level of contracts you can afford even if it's real account. That to me is not skill. It's just somebody that's just trying to dig their way out of a |
| 1269 | 03:44:46,530 --> 03:45:01,770 | pit and that's the extreme of it. And you don't want to open yourself up to any of those types of things because they're avoidable number one And it's all |
| 1270 | 03:45:01,770 --> 03:45:14,880 | rooted in public image, whether it be your friends, and family and co workers, or the circle on you, on your social media platforms, whether it be Twitter, |
| 1271 | 03:45:15,330 --> 03:45:30,870 | Instagram, Discord, Telegram, whatever the hell is, you know, those people are not going to increase your bottom line. They're not. But guess what they can do. |
| 1272 | 03:45:32,670 --> 03:45:43,290 | They can affect it adversely. Because they're going to influence you into making you feel like you didn't do enough, you didn't impress them. You didn't have |
| 1273 | 03:45:43,830 --> 03:45:55,650 | enough size on that position to warrant a like, or a comment from somebody or a reaction from someone. If everything you're doing in your trades, is geared at |
| 1274 | 03:45:55,650 --> 03:46:06,480 | trying to get public acceptance, or my acceptance by like, or a retweet or something to that effect, you're doing it wrong. It doesn't matter what I think |
| 1275 | 03:46:06,510 --> 03:46:19,020 | or anybody else thinks. Did you follow your rules? Did your model deliver like you expected it to do? Did you manage risk impeccably, if you've done that, do |
| 1276 | 03:46:19,020 --> 03:46:29,760 | the same thing the next time. And that's all it fucking matters. That's it, that's all this is. That's all trading is. You're keeping the bullshit out. |
| 1277 | 03:46:30,480 --> 03:46:40,800 | You're not letting toxicity come in. Whether it be from your friends, family, co workers, or social media. See, social media is that fucking relative that comes |
| 1278 | 03:46:40,800 --> 03:46:47,430 | to the fucking Christmas party and shit, that you know, damn, well, every time they come out, they're drunk or disorganized or dysfunctional. They bring all |
| 1279 | 03:46:47,430 --> 03:46:53,880 | the bullshit that a black cloud that comes in there and every horror story that can be talked about. They're the one bringing it and you feel like they sucked |
| 1280 | 03:46:53,880 --> 03:47:01,710 | the life out of the entire experience. That's what social media is. It's the the unwanted cousin that you didn't want to have show up at fucking Thanksgiving. |
| 1281 | 03:47:02,790 --> 03:47:13,080 | That's what social media is. And you all love them. You keep signing into it, loving it. Because you're addicted to that drama, you're addicted to that |
| 1282 | 03:47:13,080 --> 03:47:24,000 | bullshit. And none of that is gonna make you money. None of it. It'll distract you, you'll miss trades, you'll worry about bullshit. And the whole time the |
| 1283 | 03:47:24,000 --> 03:47:39,180 | market just presented something that you just missed. So you're gonna have to be a guard of your attention. Where Who are you giving your time to? Are you giving |
| 1284 | 03:47:39,180 --> 03:47:49,320 | your time to someone that's actively pursuing a better outcome for you? Or are you watching somebody that's trying to sell something to hopefully get money out |
| 1285 | 03:47:49,320 --> 03:48:05,340 | of your pocket into theirs? Have you listened to other people pour themselves into you. Like you're getting right now. For free. And this is real world shit |
| 1286 | 03:48:05,340 --> 03:48:21,270 | like I've lived all this stuff. Are you getting a sales pitch later on? A coupon code, some horseshit. Something you don't need, okay? You only need the open |
| 1287 | 03:48:21,270 --> 03:48:31,080 | high, low and close. That's it some logic as to why it should run to a high or a low or a fair value gap above the price or below the price, folks, that's it. |
| 1288 | 03:48:31,080 --> 03:48:39,960 | That's the that's the only four outcomes if the markets going to move. That's it. If it's not doing that case, what it's doing, it's consolidating. So let's |
| 1289 | 03:48:39,960 --> 03:48:49,560 | strip it down. Does it want to go higher? How do we know that? Did it take sell stocks recently? And is that weekly chart likely to expand on some higher |
| 1290 | 03:48:49,560 --> 03:49:00,480 | timeframe level? If it is and those criteria has been there, then you wait for a time 830 When news comes out, or you wait for 930 equities open and you look for |
| 1291 | 03:49:00,480 --> 03:49:09,300 | evidence of displacement to show you that it wants to go there. Once it does that it's a shift in market structure. Okay, great. Use your fair value get |
| 1292 | 03:49:09,570 --> 03:49:18,150 | going and go and buy it. Put your stop loss where I've taught you read below the low. And then if you get stopped out. If you're going to take on a trade here |
| 1293 | 03:49:18,150 --> 03:49:27,930 | for the leverage that you use before. What do you aim for a short term high if you're bullish, or a fair value gap above the market price that you are entering |
| 1294 | 03:49:27,930 --> 03:49:42,240 | it. Once you get there, whatever that target is that you're aiming for 75 to 80% of your position needs to be off. Done. Now that's how you can do this model |
| 1295 | 03:49:42,240 --> 03:49:52,140 | where you're aiming for several handles. Once you bank that, then leave a little portion on to see if you can get a runner and many times you're going to find |
| 1296 | 03:49:52,140 --> 03:50:08,400 | that that that smaller portion pays for in full some of your losing trades. So it allows you to smooth out all those imperfections in your performance. And |
| 1297 | 03:50:08,400 --> 03:50:20,400 | that's something that you're going to want to have as a trader, something that helps you weather, all that normalcy in trading where you think it's a straight |
| 1298 | 03:50:21,270 --> 03:50:30,060 | vertical line of everybody's making money, you're finding out that there's an up and down to this sometimes. And you need to be able to keep that downslope the |
| 1299 | 03:50:30,060 --> 03:50:41,940 | drawdown managed. So it's not just managing profitable trades, you want to manage your losing trades, when you go into a losing series of incorrect trades, |
| 1300 | 03:50:41,940 --> 03:50:50,820 | and you're going to have it you got to be able to reduce the amount of leverage on your trades. So that way, when you're in a losing series of trades, you're |
| 1301 | 03:50:50,820 --> 03:50:58,710 | reducing the next trade you take, it's half of what you put on in terms of leverage. So if you took a like, for instance, you see me start with many times |
| 1302 | 03:50:58,890 --> 03:51:08,910 | six contracts, just 300 hours per point in the s&p, then my next partial, unless I'm really aggressive and unknown, one side, I'll go from six to three contracts |
| 1303 | 03:51:08,910 --> 03:51:16,770 | on my next pyramid, and then from three down to one. If I'm really aggressive on one side, it means I know I'm on the right side of the marketplace, I have all |
| 1304 | 03:51:16,770 --> 03:51:24,990 | the things I look for that would cause me to be bullish. I'm going to go on with six contracts, and then my next partial will be five, and then my next partial |
| 1305 | 03:51:25,110 --> 03:51:35,370 | going in will be 4321. That's pillorying. Okay, a pyramid is where I start with the largest portion first, and then I work my way down splitting in half each |
| 1306 | 03:51:35,370 --> 03:51:47,610 | time. That's my normal pyramid. If I know I'm on side, and I know have everything in my favor, there's going to go up, I will go in with 654321. And in |
| 1307 | 03:51:47,610 --> 03:51:59,670 | many times, if I get something else, and it gives me something else, I can add another one on. I'll go one more single after that. And that's usually it. So if |
| 1308 | 03:51:59,670 --> 03:52:12,150 | that's your working base of what your like, your average multiplier is like, that's like, that's my go to, if I can't put a trade on with that type of |
| 1309 | 03:52:12,150 --> 03:52:19,140 | gearing. Now, I'm probably not in a high probability setup. So I'll just do something with like four or three contracts, and no pyramid. And I'll just do |
| 1310 | 03:52:19,140 --> 03:52:28,410 | partials as it lets me. So you'll see those examples when I'm doing the live explanations is okay, this is a trade where I would have done six here, I'm |
| 1311 | 03:52:28,410 --> 03:52:37,620 | going to say what I would do, I'm not going to push the button so that way you can clearly see I am not front running anything. Not even in a demo nothing. I'm |
| 1312 | 03:52:37,620 --> 03:52:44,790 | going to explain the logic of what I'm looking for why it should be done this way. And that way you see it, somebody's still gonna bitch and complain that |
| 1313 | 03:52:44,790 --> 03:52:52,620 | you're not trading ICT, but I'm still going to call it to the fucking degree of perfection. And it's going to they're going to miss the whole point of doing it. |
| 1314 | 03:52:53,940 --> 03:52:56,700 | Don't be that stupid person. Okay, don't be a fucking Carl. |
| 1315 | 03:52:58,650 --> 03:53:09,690 | There's no employee of the week award around here. But I think that's going to be it tonight. So I'm going to close this one. And hopefully you got something |
| 1316 | 03:53:09,690 --> 03:53:17,070 | out of it. If not, I'll try and entertain you for the time we've been together. Trying to see what I got here. |
| 1317 | 03:53:23,820 --> 03:53:31,080 | It's one o'clock in the morning. I've been gone for four hours and feels like I've just spoken study, you want to go for four more hours, I can go for four |
| 1318 | 03:53:31,080 --> 03:53:41,670 | more hours. Some of your work like this not against not talking yet. No, I don't I don't stop talking unless I'm sleeping. But anyway, I had a lot of fun |
| 1319 | 03:53:41,670 --> 03:53:52,410 | tonight. And I feel so much better. And I'm hoping that you got something from this in terms of inspiration, and realistic approach to setting monthly goals, |
| 1320 | 03:53:52,440 --> 03:54:00,810 | why you should do it, and why you shouldn't do other things. And I've tossed a lot of other stuff in here for no extra charge. And I don't know why I want to |
| 1321 | 03:54:00,810 --> 03:54:08,610 | do the next one. I wasn't really planning on doing any of these in 2023. But you know how that works. I mean, whatever I say, you're always gonna get more than |
| 1322 | 03:54:08,610 --> 03:54:25,710 | what you're expected to get. So anyway, tomorrow turn your charts on at 10 o'clock. Look for a one or five minute short term high or low. And study that |
| 1323 | 03:54:25,710 --> 03:54:38,250 | for liquidity run and look for five handles. Don't start your charts or open them up before 10 o'clock. Because you're gonna be doing this exercise Monday |
| 1324 | 03:54:38,250 --> 03:54:44,460 | through Friday of next week. And I'm gonna give you other things that you could start doing but I want you to just spend time doing that. Don't do any demos |
| 1325 | 03:54:44,460 --> 03:54:56,640 | tomorrow. You're just paper trading or Patriot your your tape reading, no paper trading, no demo trading, no live trading, okay. Just observe but only look at |
| 1326 | 03:54:56,640 --> 03:55:08,790 | the market rate at 10 o'clock and only look to 1045 You should find something between 10 and 45. One little stop hunt, look for five handles, if you don't get |
| 1327 | 03:55:08,790 --> 03:55:16,560 | it, if you can't see it real time, just after the fact after it happens and you can see it for what it really is then log it, put that in your journal, and |
| 1328 | 03:55:16,590 --> 03:55:24,450 | you'll see what I can do with that what you're learning the following week. Okay? And all of this will help frame tape reading and understanding how to find |
| 1329 | 03:55:24,450 --> 03:55:33,960 | setups and it's applicable to higher timeframe charts. Don't think that this only works on the smaller timeframes. It doesn't it works on all timeframes. But |
| 1330 | 03:55:33,960 --> 03:55:41,520 | you don't have you have to watch the logic that I'm gonna share with you as we go through this year. Okay, that's gonna be it. I'll touch base with you, I'm |
| 1331 | 03:55:41,520 --> 03:55:48,930 | sure tomorrow by way of Twitter, to come on your Twitter. And until I do that, be safe. |