004-ict-tw-spaces-20230115-Sunday-Morning-Shotgun-With-ICT-011523
Last modified by Drunk Monkey on 2023-01-16 05:56
Outline
00:41 - How to best utilize your time and focus.
03:52 - The difference between high resistance liquidity and low resistance liquidity runs.
07:41 - Mentorship and the importance of time.
12:07 - Understanding institutional order flow and how it works.
20:53 - How do you overcome the fear of not understanding price action?
24:56 - The difference between market replay and execution.
29:30 - Learn how to bias and figure out where the markets are going.
34:24 - Risk management is all about knowing what you’re doing.
43:03 - How many handles per day?
47:33 - The importance of having a plan for success.
51:39 - How to get results.
55:24 - How to trade consistently on a chart.
01:02:46 - Shitting on live streamers.
01:07:18 - How did you figure out that this was a long/short trade?
01:11:15 - Why don’t you go to the moon?
01:15:30 - Living your life like a man of integrity.
01:23:31 - Transitioning out of retail trading to trading in a bull market.
01:28:02 - The retail trader’s mindset.
01:31:42 - How to trade on higher time frame.
01:39:55 - Retail Theory is a cult.
01:43:36 - A good money manager can make money with retail trading.
01:47:12 - Pour yourself into this all day.
01:49:24 - You have to have tenacity to succeed.
01:54:49 - How to trade with reoccurring price candles.
01:58:33 - Don’t worry about the weekly chart.
02:02:06 - Where should you place your stop-loss.
02:06:23 - The importance of understanding the market.
02:14:06 - Seeing the moves before they happen.
02:17:40 - Teaching life skills,
02:22:20 - Understanding liquidity in the element of time.
02:25:27 - What you’re looking for.
02:32:55 - It’s fucking war.
02:36:10 - How to read the take.
02:39:31 - Stop-loss rule of thumb.
Transcription
| 1 | 00:00:41,700 --> 00:00:56,850 | ICT: Good morning, folks. Good morning, trying to get the maximum bandwidth use today. So I want to kind of like review. In short order not, I won't be able to |
| 2 | 00:00:57,000 --> 00:01:05,580 | spend too much time here. I know usually I say that we go for a marathon, but don't have the benefit of having all that time today. I've seen a lot of |
| 3 | 00:01:05,580 --> 00:01:17,100 | comments and older videos, newer subscribers are coming to the YouTube channel, and they're commenting. And they're finding their way here. And they want to |
| 4 | 00:01:17,100 --> 00:01:29,130 | know what's going on with the 2008 3d mentorship. What direction are we going? How to best utilize their time and focus. Number one, obviously, being here on |
| 5 | 00:01:29,130 --> 00:01:38,430 | Twitter, this is like my way of connection to you real time. So if I'm going to be doing anything, live like this, you'll know about it. If I'm gonna be doing a |
| 6 | 00:01:38,430 --> 00:01:47,610 | live session, or changing the schedule of the live session, you would know about here too. I'm a little chatty still, because we haven't started officially the |
| 7 | 00:01:47,610 --> 00:01:58,470 | mentorship, which is February 7. Once that happens, this Twitter will only be notifying you to something about the markets. I won't, I won't be using it the |
| 8 | 00:01:58,470 --> 00:02:10,200 | chat. I won't have time for it really. So I just want you to know that if you want to keep the notifications off until February 7, that'll probably save you |
| 9 | 00:02:10,200 --> 00:02:18,450 | some sanity, because your phone will probably be just changing ticking every time I make a tweet, which isn't really all that essential. And nothing I've put |
| 10 | 00:02:18,450 --> 00:02:28,560 | out thus far is really time sensitive. But February 7, going forward, anything that I post is going to be pertinent to a market condition something that I have |
| 11 | 00:02:28,560 --> 00:02:39,480 | prompted you in a live session or commentary on my YouTube channel because they will be a daily thing. So it'll incorporate Forex. One of the questions I got, |
| 12 | 00:02:39,480 --> 00:02:51,690 | well, I'll be covering crypto, I'm not a crypto trader, I don't really have an interest in crypto. So not to hurt anyone's feelings or try to upset anyone. I |
| 13 | 00:02:51,690 --> 00:03:03,660 | never promised that. So my main focus is going to be on index futures that specifically is Emini, s&p and or the mini Nasdaq futures contract. The |
| 14 | 00:03:03,660 --> 00:03:16,680 | commentary daily on my YouTube channel will include the dollar index, Euro dollar, and POUND DOLLAR. If, if there's something that I like, if, okay, this |
| 15 | 00:03:16,680 --> 00:03:28,530 | is a big if if I want to be a deviant, I might mention gold. I mentioned crude oil, and or another forex pair if there's something that draws my attention to |
| 16 | 00:03:28,530 --> 00:03:41,700 | it. So hopefully that kind of gives you an idea where we're at. There will be two live sessions tentatively scheduled each week. Why do I say tentatively that |
| 17 | 00:03:41,700 --> 00:03:50,520 | I may have a schedule change, I may meet my entire weekly expectation in one trading session in front of you where this is where I was looking for for the |
| 18 | 00:03:50,520 --> 00:03:59,820 | week, it's done. And then I would move to the sidelines. Yes, I can trade and you can trade every single day. Just because we can doesn't mean that that's |
| 19 | 00:03:59,850 --> 00:04:14,670 | what I should be trying to teach new students. So I'm kind of bringing that that mindset into the live sessions. Now, live sessions, I saw a guy and please don't |
| 20 | 00:04:14,670 --> 00:04:24,120 | be offended by me making mention because you know who you are. One of the followers on this Twitter channel mentioned that they are ready they have a |
| 21 | 00:04:24,180 --> 00:04:34,650 | small funded account ready to follow me on my live sessions. And that is what you should not be doing. Okay, because that communicated to me and I may be me |
| 22 | 00:04:35,550 --> 00:04:43,860 | Miss reading it. But here's what I don't want you to think and I don't want you to do this. And this is not some kind of code word follow ICT do this as a trade |
| 23 | 00:04:43,860 --> 00:04:55,650 | signal. Okay? If you're going to be in my live sessions, and if you're in there trying to press the button and do trades, you are not going to be learning |
| 24 | 00:04:55,650 --> 00:05:03,810 | properly. Because if you put a trade on and it starts running like I expect I've got to do, because I'm not going to unless I specifically talk about a market |
| 25 | 00:05:03,810 --> 00:05:11,790 | condition, and we will do these things. There'll be times where I'm going to purposely put you in from the charts where it's going to be hard. Okay, that's |
| 26 | 00:05:11,790 --> 00:05:21,390 | going to be a high resistance liquidity run. Now high resistance liquidity runs, and this is where your notes, okay, because if you're listening on a new pad, |
| 27 | 00:05:21,690 --> 00:05:30,480 | and something to write with, you're wasting your time turn this off and watch it later on when you can. But high resistance liquidity run is something that could |
| 28 | 00:05:30,540 --> 00:05:41,190 | pan out. But it's not likely to do it efficiently quickly. And it's going to probably bring a lot of consolidation, move a little bit in direction and then |
| 29 | 00:05:41,190 --> 00:05:53,310 | retrace a lot more than you want to see in your trade, versus what I try to teach as a dynamic price action trader, you want to see a low resistance, |
| 30 | 00:05:53,310 --> 00:06:02,670 | liquidity run something that moves from your entry, never even approaches your your stop loss, and just runs quickly, just like that to your target. That's |
| 31 | 00:06:02,700 --> 00:06:11,250 | what separates my teaching approach. That's what sets my models approach from everything else, because I'm not trying to be in there, because some indicator |
| 32 | 00:06:11,250 --> 00:06:18,540 | gave me some inclination that is should or shouldn't do something that's I don't believe in indicators, you have four indicators that are the best thing you're |
| 33 | 00:06:18,540 --> 00:06:28,410 | gonna have, that's the open the high, the low and the close. But anytime interval. So the variable in there is time. But it's also the mean constant. |
| 34 | 00:06:28,650 --> 00:06:39,540 | That's the deciding factor in every trade that I'm gonna take. Every trade that I'm going to take for the rest of my life, is going to be hinged on time. So |
| 35 | 00:06:39,540 --> 00:06:48,690 | you're going to see what that means. Every single week, you're going to understand the element of time, you're going to understand the difference |
| 36 | 00:06:48,720 --> 00:07:00,690 | between a high resistance liquidity and a low resistance liquidity run. There's a there's a stark contrast between those two. And obviously, if you've gone |
| 37 | 00:07:00,690 --> 00:07:11,460 | through the core content that I've uploaded last year, on my YouTube channel, I cover that. But even without having the ability to sit down, over chart live and |
| 38 | 00:07:11,460 --> 00:07:20,790 | watch it dynamically deliver price, it's hard to communicate that in a static discussion. Like here's old data, here's old price fractals, where it did this |
| 39 | 00:07:20,790 --> 00:07:33,240 | and did that. It doesn't effectively communicate it. Like being able to see over my shoulder in the comments on it. So I see a lot of live streamers, though, |
| 40 | 00:07:33,390 --> 00:07:44,040 | they'll do their live stream. And let me just toss this out there. Matt, I wasn't trying to you embarrass you. If you if you look at it that way. Um, you |
| 41 | 00:07:44,040 --> 00:07:52,470 | know, I rep you on my YouTube channel. You know, I love you, I think you are going to do well, if you keep this tenacity. I thought I was sending something |
| 42 | 00:07:52,470 --> 00:08:05,730 | to you, that only you and I could see. But this is JoJo apparently apparently went across my Twitter feed. So oops, sorry. But I see folks like Matt. And |
| 43 | 00:08:05,760 --> 00:08:16,680 | there's another guy that just started following Patrick Weiland. Who if I'm not mistaken, used to troll me. But I've been watching. And he's been doing some |
| 44 | 00:08:16,920 --> 00:08:27,270 | live sessions. And he's done some prop trading apparently. And he's hooked up with I think it's tops that. And he's calling it live. He's doing his |
| 45 | 00:08:27,270 --> 00:08:34,620 | executions. And he's and that, to me is commendable. That's I had a lot of respect for that. He's a bit of a character. And that's cool, I can appreciate |
| 46 | 00:08:34,620 --> 00:08:49,110 | that. But he and Matt are, they sit out there for hours. And they'll jabber on about whatever you want to talk about. And then they push a button and they |
| 47 | 00:08:49,200 --> 00:08:59,130 | monitor their trades. And then at the end of the day, they condense their entire streams and do like a highlight thing. I don't have the time to do that this |
| 48 | 00:08:59,130 --> 00:09:08,940 | year. So that's the number one reason why I'm only doing two of them per week, because they're they're going to be about to up to about two hours in length. So |
| 49 | 00:09:08,940 --> 00:09:17,190 | I'm not gonna sit down and edit out all that stuff. You're gonna see it raw just the way it was if you were there live. I don't want to be in YouTube editing |
| 50 | 00:09:17,190 --> 00:09:25,800 | studio in every day of the week for hours at a time. And if you don't know what I mean by that, if you look at the presentation I made just last night for just |
| 51 | 00:09:25,800 --> 00:09:42,810 | a two minute video. The preparation for the first chart look at the time in the lower right hand corner when I was showing the example for yes that's a lot of |
| 52 | 00:09:42,810 --> 00:09:52,590 | time between putting one chart annotating putting another chart annotating it, presenting it, condensing it, rendering it and then uploading it to the medium |
| 53 | 00:09:52,710 --> 00:09:59,160 | like Twitter or YouTube. YouTube takes a little bit of time because they like to run their algorithm see if there's anything and they can ban your account over |
| 54 | 00:09:59,280 --> 00:10:12,030 | demonetised As are flagged up for something, so it all takes time. So, the viewership, usually the ones that complain in my following is, you know, I talk |
| 55 | 00:10:12,030 --> 00:10:20,580 | too much. And I want you to understand why I'm doing things, why I'm not doing things, why you should be focused on certain things and not so much on others. |
| 56 | 00:10:21,210 --> 00:10:31,650 | So yes, when you're hearing someone teach you, and they're trying to do their best, which is what I'm trying to do, I'm trying to do my best to teach you. And |
| 57 | 00:10:31,680 --> 00:10:40,110 | you think if you're new, if you're here, if you're young folks, coming here, you think that give it to me right now real quick dollar menu, mentorship, okay? |
| 58 | 00:10:40,260 --> 00:10:45,330 | Drive through mentorship, and give it to me real quick, here's my money. Here's my time exchange. Okay? |
| 59 | 00:10:46,649 --> 00:10:55,619 | Not charging now, but it's costing you time, but that time listening to me, I'm not wasting my time, because I know, I know, I have one, at least one person |
| 60 | 00:10:55,619 --> 00:11:05,519 | that's going to listen to everything I'm saying. And it's going to spare them the pain, the suffering, the trauma that I had to go through. So it's beneficial |
| 61 | 00:11:05,519 --> 00:11:15,059 | for you to have the experience from the beginning of the stream to the end, okay. And that's why I'm going to be just doing two. So if I find an |
| 62 | 00:11:15,059 --> 00:11:22,499 | opportunity, that outline for the week, and you'll pretty much expect it because we're doing daily commentary as well. So it shouldn't be things that fly out of |
| 63 | 00:11:22,499 --> 00:11:32,039 | nowhere, like, Oh, where did you get that from? Okay. So hopefully, it'll provide a little bit more context as to what it is you should be doing each day. |
| 64 | 00:11:32,699 --> 00:11:40,019 | And then how much time you're really not doing anything. Which unfortunately, feels like the thing that you should be avoiding you feel like you should be |
| 65 | 00:11:40,019 --> 00:11:48,359 | doing something all the time as a trader or developing student in price action, whether it be with me or someone else you're learning from, the common tendency |
| 66 | 00:11:48,359 --> 00:11:56,759 | for a new startup or a new student, is that they feel like they gotta be doing something every single day, pushing a button, you know, Jonah, find ourself |
| 67 | 00:11:56,759 --> 00:12:07,859 | every single day, when in the beginning. And the first stream is probably going to set the stage for who's going to stay here to learn. And who's going to |
| 68 | 00:12:07,859 --> 00:12:17,219 | quickly say the same for me. And I'm going to try to do my best to be exactly how I plan to be each time so that way, there is no sugarcoating it. There's no |
| 69 | 00:12:17,219 --> 00:12:25,049 | enticement to keep coming back, if it isn't exactly what you were hoping to see, and learn from on the first stream. Use that going for, because that's exactly |
| 70 | 00:12:25,049 --> 00:12:35,669 | how it's going to be. But I don't want to condense it, and just go to the highlights, because if I read a candle wrong, if I say something that doesn't |
| 71 | 00:12:35,669 --> 00:12:44,399 | pan out, I need you to see it. Because that's what you're going to encounter when you do it too. When I'm not sitting next to you on the days of the week, or |
| 72 | 00:12:44,609 --> 00:12:55,049 | when this eventually stops, because I don't want to do it forever, obviously, right? So once that experience ends, and it's only you in the chart, you're |
| 73 | 00:12:55,049 --> 00:13:01,799 | sitting in from the chart, you're gonna have these moments where you're expecting something to occur, you're expecting price to deliver a certain way, |
| 74 | 00:13:01,919 --> 00:13:10,319 | by this time, by this manner, to avoid certain areas and not come back to a specific area, you're going to have that you're gonna be expecting it and then |
| 75 | 00:13:10,319 --> 00:13:17,459 | it'll do the very thing that you don't want to see it do. How are you going to engage beyond that? Are you going to lose your mind are going to grow? |
| 76 | 00:13:18,629 --> 00:13:26,789 | Frustrated? Are you going to get angry? Are you going to become scared? Are you going to become anxious? Are you going to feel like this doesn't work anymore? |
| 77 | 00:13:26,819 --> 00:13:39,419 | Or is it going to feel like oh ICTs mainstream now and they're changing the algorithm? Listen, we're only going to focus on price delivery. I have dozens, I |
| 78 | 00:13:39,419 --> 00:13:49,349 | have dozens of models, all of them work, all of them. My Own Private students don't even know all of the things. Okay, there are certain things a trader is |
| 79 | 00:13:49,349 --> 00:13:56,789 | going to hold back for themselves and for their family. Okay, I don't need to show you everything. But I need to show you how to read price. Because once you |
| 80 | 00:13:56,789 --> 00:14:05,999 | understand how to reprice live, you can go right on to my YouTube channel and go through and pick the model that you want to use for entry. If you want to use |
| 81 | 00:14:05,999 --> 00:14:18,089 | optimal trade entry, easy, you want to use a breaker easy, you wanna use a mitigation block, easy, institutional order flow entry drill. All that is is a |
| 82 | 00:14:18,149 --> 00:14:27,329 | partial entry into a fair value gap. That's all it is. It's not even going into the middle point of the gap, which is consequent encroachment. So in your notes, |
| 83 | 00:14:27,359 --> 00:14:39,149 | institutional flow is just a partial entry into a fair Vega that you expect to see remain open. You will have more insights shared with you over live data |
| 84 | 00:14:39,149 --> 00:14:46,379 | because it's not effective for me to teach it because it looks like cherry picking. That's what everybody that hates me says it's just cherry picking. It's |
| 85 | 00:14:46,379 --> 00:14:57,569 | not cherry picking when I do it live in front of you. And I'm going to try to convey the logic that I use when I'm reading price. When I'm doing my executions |
| 86 | 00:14:57,569 --> 00:15:05,969 | on trading view and you see them here Enter the stock, the target my first partial annotate where I think it's going to go. And I'll try to walk you |
| 87 | 00:15:05,969 --> 00:15:19,529 | through as fast as I can in a one minute candlestick. I mean that one minute candles painting live. So it's very difficult for anyone with common sense to |
| 88 | 00:15:20,069 --> 00:15:29,099 | argue the point that I'm constantly talking nonstop nonstop about what the markets doing, I'm typing and annotating, there's no way I can do that somewhere |
| 89 | 00:15:29,099 --> 00:15:41,219 | else I can, I can only focus on I obviously, I can only focus on one thing at one time. So when you see this live, when you experience it live, you need to |
| 90 | 00:15:41,219 --> 00:15:52,019 | constantly remind yourself before we start the string in February, and the first one is February 7, okay? You need to remind yourself that you are not there to |
| 91 | 00:15:52,019 --> 00:16:00,599 | try to take a trade. I know some of you are hard luck right now. And you just want to correct the drawdown. You want to fix yourself, you want to start making |
| 92 | 00:16:00,599 --> 00:16:11,189 | money. I understand all those things, that's completely normal, that's normal. But you're going to ruin this experience for yourself, you're not going to learn |
| 93 | 00:16:11,189 --> 00:16:19,709 | properly, if you attach the money to it. This is the reason why you're tape reading with me, you're going to see I'm not going to push the button in front |
| 94 | 00:16:19,709 --> 00:16:27,089 | of you, I'm going to outline this is where the market is right now, it should not go down to this level, it should go to this level. Next, you see the |
| 95 | 00:16:27,089 --> 00:16:39,059 | difference there. I cannot be faulted. If you recklessly go out there and press a button, and it's going to happen. You already know you're that person that's |
| 96 | 00:16:39,059 --> 00:16:50,579 | going to do it. And you're that person that's going to be in my comment section saying I followed that trade, and I got stopped out your jerk. Okay, you own |
| 97 | 00:16:50,579 --> 00:16:59,639 | that. That's your responsibility. I'm telling you right now, and I'm going to tell you every single time and every single live stream, do not trade, don't use |
| 98 | 00:16:59,639 --> 00:17:09,029 | for trade signal service, not because I need you to understand, once you see me outline the candle, and I'm explaining why it shouldn't shouldn't do that. I |
| 99 | 00:17:09,029 --> 00:17:18,779 | need you to feel what it feels like watching that candle without any monetary attachment. That's the part that every one of my students skip over. And they |
| 100 | 00:17:18,779 --> 00:17:29,549 | fail because of that. You all want to know how to succeed and using my stuff, my concepts, do everything that my failed students and I have them. Every person |
| 101 | 00:17:29,549 --> 00:17:37,889 | out there to teach us anything has a group of people that simply can't do it. And it's because they are not disciplined. Period. That's the way it is. Because |
| 102 | 00:17:37,889 --> 00:17:47,009 | if you keep doing something over and over and over again, okay, which is like what you eat a box of doughnuts every fucking week, you're gonna get fat. Okay? |
| 103 | 00:17:47,969 --> 00:17:59,909 | If you abstain from eating that, and you increase your output in terms of your exercise, you're gonna lose weight. Doesn't matter, if you don't like, or, like |
| 104 | 00:17:59,909 --> 00:18:04,739 | the personality of the person that told you this is the routine you should follow. Because I'm not here for friends. I don't give a shit if you'd like me, |
| 105 | 00:18:04,919 --> 00:18:13,229 | okay. But I want to see you succeed, I want to see you do well. But if you don't listen to what I'm telling you in its entirety, and you only want to cherry pick |
| 106 | 00:18:13,229 --> 00:18:20,189 | the terms everybody was gonna use against me just want to cherry pick the things that I'm teaching, and only take the things that you like out of it. Yeah, I'm |
| 107 | 00:18:20,189 --> 00:18:28,229 | gonna, I'm gonna, I'm gonna use this fair value gap. It's easy. Let me go out there and put my funded account or my Live account attached to a chart. And it |
| 108 | 00:18:28,229 --> 00:18:35,189 | looks like a fair value get right there no logic as to why it should be a fair value got no logic as to why the market should even be going higher. Their |
| 109 | 00:18:35,189 --> 00:18:45,659 | narrative, no study, knowing that no back testing, no sitting in from the chart, reading price action for months, months, this needs to happen. You have no idea |
| 110 | 00:18:45,659 --> 00:18:52,379 | what you're doing. And you think going out there pushing a button because I'm talking over top of it is going to be this magic recipe for you to make money. |
| 111 | 00:18:52,679 --> 00:19:00,599 | No, you have no idea the level of anxiety you're going to feel because here's what's going to happen. I'm not aware that you're in your trade. I'm going to be |
| 112 | 00:19:00,629 --> 00:19:09,599 | obviously aware that some of you are going to do it foolishly. Not that I'm trying to hurt you. I would never purposely try to put anybody watching my |
| 113 | 00:19:09,599 --> 00:19:21,449 | stream in the wrong side of the marketplace. That's not my intent here. But I'm being responsible in the most upfront manner I can. If you are trying to learn |
| 114 | 00:19:21,449 --> 00:19:31,229 | from me, if you really want to be independent, and independent, you're thinking about how you should engage the marketplace. This is the absolute best way to do |
| 115 | 00:19:31,229 --> 00:19:39,959 | it, folks, I swear to God Almighty, I wish I could convey it any much harder than this. I don't know how to articulate it more than that. I want you to do it |
| 116 | 00:19:39,959 --> 00:19:51,809 | the right way. And I have paid students that don't want to fucking listen for 2016 They still didn't do this part yet. They still didn't do this part. And it |
| 117 | 00:19:51,809 --> 00:20:07,259 | just takes a couple months to do it by distractions lack of discipline. on personal schedules, personal character, flaws, stubbornness, all those things |
| 118 | 00:20:08,129 --> 00:20:19,529 | are contributing factors fear of doing it wrong. For some reason, y'all think that you're pushing a button with a live account, because you think it might do |
| 119 | 00:20:19,529 --> 00:20:29,069 | something. And you know, if you get it right, it'll ease the pain of the scary feeling of, you know, what happens if I get it wrong. So you focus more on, if I |
| 120 | 00:20:29,069 --> 00:20:37,349 | get it right now make money, wow, that's gonna be awesome. If you're trying to learn like that, you're doing it incorrectly. Because you're making every |
| 121 | 00:20:37,349 --> 00:20:39,599 | transaction with these charts, |
| 122 | 00:20:41,040 --> 00:20:54,180 | a monetary success or failure, when you don't know how to trade. So the only thing that's establishing is fear of failure. That's what you're going to that's |
| 123 | 00:20:54,180 --> 00:21:08,310 | exactly what that does. How do you if you just simply look at the comments section of the videos and the Twitter spaces and the Twitter posts I make? The |
| 124 | 00:21:08,310 --> 00:21:21,480 | main psychological barrier that people constantly bring up is, how do I how did i How does a trader overcome the fear of it not moving the way they want it to |
| 125 | 00:21:21,480 --> 00:21:37,230 | do? And here's, here's how you have to get over this, you have to watch day after day, week, after week, month after month, how you read price. When you see |
| 126 | 00:21:37,230 --> 00:21:49,620 | me outline the price action, as we come to a PV array, okay, something that would be utilized for a setup, okay? A, an entry model, okay, or a multiplier, |
| 127 | 00:21:49,620 --> 00:22:02,130 | that thing that makes your trade uniquely yours. I'm going to read them out to you live as the markets panning out and printing price. I want you to remember |
| 128 | 00:22:02,640 --> 00:22:12,000 | that you are not being invited to take a trade on that I want you to study it in the one that makes the most sense to you. The one that you can see easily |
| 129 | 00:22:12,000 --> 00:22:20,550 | outlined, as I'm explaining it, you're going to feel like, oh, I don't understand that mitigation block, I would never use that. But some of you will |
| 130 | 00:22:20,550 --> 00:22:29,400 | say you know what, that's the very damn thing I've been looking for. That makes perfect sense to me. And all of you could be using a different PDE array that |
| 131 | 00:22:29,400 --> 00:22:40,620 | may exist in that price run, have different results, entered a different time and still be profitable. It sounds like it can't be like that. But it's |
| 132 | 00:22:40,620 --> 00:22:52,410 | absolutely just like that. And seeing it live, watching the outline, every single one minute and five minute candlestick is the only way that's going to |
| 133 | 00:22:52,410 --> 00:23:00,330 | happen because you're not doing it yourself. You're watching videos, that's something I've already done or lecturing about from years ago, which is fine. |
| 134 | 00:23:00,330 --> 00:23:09,180 | There's nothing wrong with that. But you're not learning how to read the tape, you have to know what that feels like watching it. And when I do get it wrong, |
| 135 | 00:23:09,270 --> 00:23:18,720 | and it's going to happen, because I'm looking at the smallest timeframes intraday. So there's a lot of fluctuations, a lot of things that can change. And |
| 136 | 00:23:18,720 --> 00:23:26,190 | you're going to see that that won't make any difference at all. So you'll see, okay, this is what we're expecting to see pan out, this is the delivery and |
| 137 | 00:23:26,190 --> 00:23:35,820 | price we're expecting to see. And then it doesn't do that. I want you to log that experience and feel what it felt like without any money attached to it. |
| 138 | 00:23:37,710 --> 00:23:46,200 | Then you can go back objectively after the stream and your own private time, sometime during that week. But you definitely want to have it before Sunday |
| 139 | 00:23:46,230 --> 00:23:56,370 | News. sounds hard to new week begins because you want to be a reflect on what it felt like seeing it. How did that whole bit of business and price action fit |
| 140 | 00:23:56,370 --> 00:24:06,960 | inside the entire weekly range. And that's going to start communicating to you where your focus is going to be as a trader using my content, or if you're just |
| 141 | 00:24:06,960 --> 00:24:13,740 | wanting to use what you already make money with. I promise what I'm going to show you is going to help you make better, better money, more consistent setups, |
| 142 | 00:24:13,890 --> 00:24:30,030 | and you'll avoid losing more often. I wish the folks that would have a opposition to me would just sit down with us in private, okay, maybe you don't |
| 143 | 00:24:30,030 --> 00:24:41,580 | even talk about anything negative about me. If you feel that way, just in private, prove to yourself that this can or cannot increase your understanding. |
| 144 | 00:24:42,030 --> 00:24:53,760 | That's all because I promise you if you submit yourself to this, it's going to open your eyes to how price really works. How it really books, why it breathes |
| 145 | 00:24:53,790 --> 00:25:04,620 | higher and lower like a living organism. It's it's not static. It's not still Did like if you click on trading view and you look at a market replay, you watch |
| 146 | 00:25:04,620 --> 00:25:18,450 | those candles paint on Market Replay in trading view, it feels wooden, it doesn't feel animated, it feels stunted, it doesn't feel organic. Whereas when |
| 147 | 00:25:18,450 --> 00:25:26,490 | we're watching a one minute candle and a five minute candle painting live fluctuating up and down inside the same candle. That's something you can't |
| 148 | 00:25:26,490 --> 00:25:36,030 | replace with anything else, or find the equivalent of it's, that's the only way to really do it. And you can see the speed at which it snaps and leaves that |
| 149 | 00:25:36,030 --> 00:25:45,270 | area and goes to a pool of liquidity or runs to an inefficiency that it needs to be seen live. Whether you record your screen while you're at work or school or |
| 150 | 00:25:45,270 --> 00:25:56,850 | sleeping. It matters not. You need to be able to see it as it doesn't lie. So Market Replay is good to an extent. But that's it. And I mentioned yesterday on |
| 151 | 00:25:56,850 --> 00:26:08,820 | Twitter, one of my followers sent me an email said hey, look TradingView added executions to market replay. And I was like, Oh, I wish they would have done I |
| 152 | 00:26:09,330 --> 00:26:16,080 | wish they wouldn't have done that. Because I was concerned that everybody this is gonna watch my old videos are like, Oh, that's funny, because they still do |
| 153 | 00:26:16,080 --> 00:26:25,620 | it. You know, while they were doing it, then they say oh, he's you use a mockery class? No, no. So even though I'm disappointed in the way that they added |
| 154 | 00:26:25,620 --> 00:26:39,420 | executions, I'm glad the way they did it distinguishes live executions. And what I mean by that I put on trades live with live data, executing live feed on the |
| 155 | 00:26:39,420 --> 00:26:51,000 | ES and an asset. Okay? That's undeniable. When you watch me toggle, the executions, the arrows and show you the annotations, where it shows you where |
| 156 | 00:26:51,000 --> 00:26:59,520 | you bought, where you sold, how many contracts and such, it puts the candle and the highlight of the arrow to the buyer, there's a little arrow underneath it, |
| 157 | 00:26:59,580 --> 00:27:09,750 | showing you that to the candle. And then the annotation tells you the actual price in that candle. My execution was based on where it was executed on. When |
| 158 | 00:27:09,750 --> 00:27:18,060 | you look at the market replay on trading view, you can do an execution on Market Replay. And the error looks a little wonky, which is fine. I don't like it |
| 159 | 00:27:18,060 --> 00:27:26,580 | personally. But at least it looks different from that of a live execution. Okay, even if you're using a paper trading account, if you have your broker attached |
| 160 | 00:27:26,580 --> 00:27:35,370 | to that trading platform, new trading view, your arrow is going to look different from the one that they use for Market Replay. At least it looks |
| 161 | 00:27:35,370 --> 00:27:45,000 | different. For me, it looks a little jagged, like it's you'll you'll see what I mean if you just look at it. But when you're done and you turn off that Market |
| 162 | 00:27:45,000 --> 00:27:54,510 | Replay you can't call those old executions back up. When you do a right click on them on the chart and go to executions and show executions annotations or |
| 163 | 00:27:54,510 --> 00:28:02,100 | whatever it is or descriptions or I'm not sure what it is. But it tells you the actual prices. You can't recall them. Because it's a market replay. So |
| 164 | 00:28:02,100 --> 00:28:10,170 | unsatisfying in that regard. Because when I first saw that email, and I was like, oh, no, there's gonna be all kinds of people out there faking it now. So |
| 165 | 00:28:10,230 --> 00:28:22,230 | if they ever show you executions, and such, make sure that you ask them to toggle their executions on and off in their recordings. Because to me, that'll |
| 166 | 00:28:22,230 --> 00:28:29,610 | tell you if they did it with a live execution or not, because that's the only way you can do it right now. Okay, so I just toss that in there just community |
| 167 | 00:28:29,610 --> 00:28:41,130 | safe that way y'all can see that when I'm showing you that that's real. Everything else now can be slightly skewed. But also look at the full screen, if |
| 168 | 00:28:41,130 --> 00:28:48,750 | they're zoomed in. And they're trying to hide the fact that that Market Replay arrow exists at the top of the chart. Okay, that's a red flag there too. So, and |
| 169 | 00:28:48,750 --> 00:28:56,100 | again, if someone can do it, they're going to gladly show you. There's no reason why they wouldn't show it to you. I show you the executions, I'll show you the |
| 170 | 00:28:56,100 --> 00:29:02,040 | arrows, I'll show you the beginning of the tree, the end the tree. And that's what you want. If you're going to learn from somebody or just follow someone and |
| 171 | 00:29:02,040 --> 00:29:09,570 | because they want to share their executions. There's nothing wrong with that. But just make sure what you're learning and who you're learning from and who |
| 172 | 00:29:09,570 --> 00:29:18,360 | they're showcasing. Through specific trade executions. They're valid, they're not something that's Oh, it's just a market replay. You knew that candle was |
| 173 | 00:29:18,360 --> 00:29:25,260 | going to create that fair value get you knew that I don't have that. I'm at the hard right edge. And you're gonna see that your walk into that jungle on the |
| 174 | 00:29:25,260 --> 00:29:34,620 | right edge of the chart on the live sessions with me, beginning on February 7. And it's exciting. Like it's exciting because I want you to see what it feels |
| 175 | 00:29:34,620 --> 00:29:44,280 | like to really focus in on what the markets likely to do right now. Where's it going next? You want to learn how to do bias and figure out where the markets |
| 176 | 00:29:44,280 --> 00:29:56,400 | gonna go? This is how you do it. This is exactly how I've taught my students to learn how to do this, because it needs to be taken from experience. No book that |
| 177 | 00:29:56,400 --> 00:30:08,730 | I can write or anyone else can write is going to teach you effect simply how to develop the bias the narrative, knowing how you, not everybody, you the person |
| 178 | 00:30:08,730 --> 00:30:18,330 | listening to this right now, how are you going to trade? How is it that you're going to go into the marketplace? And look for a specific setup? When are you |
| 179 | 00:30:18,330 --> 00:30:25,290 | going to be trading? Are you going to trade at 830? Are you going to trade at 930? Are you going to try to find this up before 830, because you have to be at |
| 180 | 00:30:25,290 --> 00:30:32,340 | work. Are you going to trade in a learning session because you can't be in front of the charts or have access to the charts during the New York session? |
| 181 | 00:30:35,790 --> 00:30:47,310 | See, all those factors are going to weigh heavily. And now I'm not doing live streams on London. Okay, I've stopped staying up over night with London. And I |
| 182 | 00:30:47,310 --> 00:30:57,660 | sleep if I can sleep during that time. Obviously, you can see sometimes I'll have periods of insomnia. And I might post overnight on Twitter or something to |
| 183 | 00:30:57,660 --> 00:31:09,930 | that effect. But I'm not trying to dilute your attention, everything that I'm going to teach you using the 830 to 1032 hour window. That's the length of our |
| 184 | 00:31:09,930 --> 00:31:20,130 | live sessions. We may or may not have anything to do, collectively, until 930. But I want you to see what it feels like to be in your marching those candles, |
| 185 | 00:31:20,610 --> 00:31:28,980 | referencing levels that I'm trying to draw your attention to. And then you'll see, oh, this is what he means when he talks about that stuff in those old |
| 186 | 00:31:28,980 --> 00:31:39,300 | videos, that you have to go through that test, walk forward. Tape reading, that's not demo trading. That's not paper trading. There's a space in your study |
| 187 | 00:31:39,300 --> 00:31:46,380 | and your development that has to incorporate what I'm going to force you to do. And yes, it's going to be boring. In the beginning, it's going to feel like what |
| 188 | 00:31:46,380 --> 00:31:59,400 | am I doing here, like anything, like anything at all worth doing, there's beginning stages that you have to go through. This can't be discounted, it can't |
| 189 | 00:31:59,400 --> 00:32:08,040 | be shunned, and expect to get blue ribbon results. If you want to be highly proficient, you want to be highly precise, about your entries, your executions, |
| 190 | 00:32:08,040 --> 00:32:16,530 | your your management, your trade management, you want to know where to place a stop loss, you're going to learn that by doing this with me, you're going to |
| 191 | 00:32:16,530 --> 00:32:26,280 | understand why the market is not likely to go to a specific level. So therefore you can trust placing your stop there, because it makes most sense monetarily |
| 192 | 00:32:26,310 --> 00:32:34,890 | based on the percentage of risk that you're willing to assume. And technically, it shouldn't go there. And if it does go there, you want to be the fuck out of |
| 193 | 00:32:34,890 --> 00:32:44,430 | there. Because it's going to turn on you and go much harder than you would want to be in any kind of retracement or reversal. You don't want to be subjecting |
| 194 | 00:32:44,430 --> 00:32:54,810 | yourself to that risk. Stop placement. That's why 90% of live streamers don't put a stop loss because they don't know where to put a stop loss. Because |
| 195 | 00:32:54,810 --> 00:33:05,160 | they're afraid to lose. That communicates okay, that communicates to me. They have no idea what they're doing. And I want you to learn how to do this. And I |
| 196 | 00:33:05,160 --> 00:33:14,370 | know some of you are listening to this right now. And you may not like me. That's fine. I'm not here for friends, I said. But I'm going to show you how you |
| 197 | 00:33:14,370 --> 00:33:24,840 | can put a stoploss in and you don't have to worry about putting it an ultra small stop loss. Okay, that's not important. Knowing where the market is right |
| 198 | 00:33:24,840 --> 00:33:36,870 | now, right now, where's it not likely to go? That's the first mindset that you should have, once you've arrived at where they've drawn liquidity is where |
| 199 | 00:33:36,870 --> 00:33:45,960 | you're gonna reach for. That's the number one deciding factor of a profitable trader. Because if you don't know where it's going, it matters not where your |
| 200 | 00:33:45,960 --> 00:33:56,580 | stop losses. Because if you're upside down in your trade idea and you're going against the grain, you're offside going against the direction that markets |
| 201 | 00:33:56,580 --> 00:34:03,750 | really going to go in. So that's what you're afraid of right now as a new student, you don't know what you're doing. Just tell me the bias ICT and I'll do |
| 202 | 00:34:03,750 --> 00:34:14,910 | the rest. Now you'll lose money you'll lose money because you'll go in you won't hold the trade properly. You want you to stop loss but you'll see a little tiny |
| 203 | 00:34:14,910 --> 00:34:21,600 | little fluctuation and you'll think it's reversing on you and you'll collapse the trade and then it'll run in the direction that I said it would go and then |
| 204 | 00:34:21,600 --> 00:34:30,150 | you have to chase it moves too much. And same thing Oh no. It's going back down into a natural small little retracement institutional order flow maybe a fair |
| 205 | 00:34:30,150 --> 00:34:39,120 | value got and that feeling of when prices retracing into something like that. When you hear me talk about okay, this is what it should do and you want to let |
| 206 | 00:34:39,120 --> 00:34:46,770 | this happen. It's completely normal. It's a boring conversation we're gonna be having over the chart and that's exactly how it should be. It should not be |
| 207 | 00:34:46,770 --> 00:34:56,130 | animated with disco lights flashing around laser tronics and you know all kinds of pulsing music and shit like that. Okay, you're trying to learn how to reprise |
| 208 | 00:34:56,130 --> 00:35:04,920 | you don't want to have any. Now once you know what you're doing once you know exactly what you're doing you know your model then yet, Drum and Bass dubstep, |
| 209 | 00:35:05,010 --> 00:35:12,360 | hard rock, rap, whatever the fuck gets you going, which gets your juices you like flowing and you're in the zone knew what you're doing as a trader then |
| 210 | 00:35:12,360 --> 00:35:20,970 | yeah, yeah, absolutely, it won't be a distraction then. But I'm not going to have music playing in the background, okay, I'm not having anything, I'm gonna |
| 211 | 00:35:20,970 --> 00:35:27,990 | be talking over the chart. And if you're bored by that, get the fuck out of here, okay, because you're not going to learn how to make money, you will not |
| 212 | 00:35:27,990 --> 00:35:34,920 | learn how to do this properly. But if you want to learn how to make money you want to go in like I'm showing you my executions are laser pinpoint accurate, |
| 213 | 00:35:35,070 --> 00:35:45,210 | bam, I'm on that low candle. Bam, I'm getting out in the partials on the high fucking candle over and over and over and over and over again, smacking these |
| 214 | 00:35:45,210 --> 00:35:55,890 | other motherfuckers out there pretending to do some silly you're going to have that same skill set. But you got to walk with me, we even even entered into the |
| 215 | 00:35:55,890 --> 00:36:04,170 | jungle yet and some of you already are doubting, you're looking at shit that isn't has nothing to do nothing to do with your development right now at this, |
| 216 | 00:36:04,380 --> 00:36:16,380 | at this stage of development, you're worried about things that are not important. I'm going to walk you through exactly how I took one on one |
| 217 | 00:36:16,410 --> 00:36:30,600 | mentorship students back in the 90s. This is exactly what I did with them. But they only got it for one week. I'm giving you this year. Because you need to see |
| 218 | 00:36:31,590 --> 00:36:40,380 | seasonal tendencies, you want to see the the impact of that quarterly shifts, you want to see who knows what the hell is going to happen, you know, all this |
| 219 | 00:36:40,380 --> 00:36:47,010 | stuff that happens across the seas and, you know, approach to the world that can have reverberations in the marketplace that you may think oh, that's in another |
| 220 | 00:36:47,010 --> 00:36:52,530 | country has nothing to do with me. Bullshit, it's going to be in the marketplace. That means it's going to have to be dealt with if you're a trader |
| 221 | 00:36:52,530 --> 00:37:00,300 | here, there, wherever you are. You can't put blinders on thinking, Well, you know that stuff over that country, that's their problem, I gotta worry about |
| 222 | 00:37:00,300 --> 00:37:11,910 | making money. No, that can cause you to not have opportunity or your trade to become irrelevant. And it doesn't mean that the models changed, or the concepts |
| 223 | 00:37:11,910 --> 00:37:22,020 | are failing now, or they change the algorithm, it just means that's natural market conditions, it's a variable. You have to make allowance for that, which |
| 224 | 00:37:22,020 --> 00:37:31,260 | is what risk management is all about. So when you understand where the markets likely to go next, that's your number one priority, know how to determine where |
| 225 | 00:37:31,260 --> 00:37:40,620 | the market is likely to go to next, the highest degree of probability of it going higher or lower, and what level specifically and knowing that if there is |
| 226 | 00:37:40,620 --> 00:37:49,560 | enough range between where the market is trading at the time, when you determine where the next draw on liquidity is? Is it going up? Okay, where's it going up |
| 227 | 00:37:49,560 --> 00:38:02,340 | to likely. Now, if there is a 20 handle, or 20 point, movement, between market price and where you think it's going to go up to, that gives you a really good |
| 228 | 00:38:02,340 --> 00:38:13,050 | opportunity to get your five handles. But what can I get for 20 you can once you know how to trade. But right now I'm trying to give you a very easy, low hanging |
| 229 | 00:38:13,050 --> 00:38:23,520 | fruit objective to strive for, for a consistent opportunity to do each time. And then in the beginning, as we walk through in these live sessions, we're only |
| 230 | 00:38:23,520 --> 00:38:33,510 | going to be looking for those five handles. And then once we're done with that, I'm gonna say Okay, now we'll just watch price. That part of the exercise, |
| 231 | 00:38:33,720 --> 00:38:40,950 | that's the part that everybody learns the most from, but it won't feel like you're learning anything. It's gonna feel like but I missed that move. You don't |
| 232 | 00:38:40,950 --> 00:38:49,650 | know in the beginning. You don't know what it feels like to be in a correct move consistently. So how are you going to complain? See, that's what I'm trying to |
| 233 | 00:38:49,650 --> 00:38:59,490 | tell you. I've dealt with so many these 20 year olds, okay. In the last two, three years, they're impatient. They want the element mentorship, you have it my |
| 234 | 00:38:59,490 --> 00:39:12,450 | way mentorship burking mentorship, and they're coming to me with these expectations because he saw Lambo, Larry, and Ferrari Frank over there on |
| 235 | 00:39:12,450 --> 00:39:23,520 | Instagram. They're not executing shit. They're just showing the influence in lifestyle. I'm boring. I'm going to show you getting in getting out management, |
| 236 | 00:39:23,520 --> 00:39:33,270 | stop placement partials, rolling it up. That's what you need to be focusing on. So put all that shit aside. Stop worrying about what you're going to do later |
| 237 | 00:39:33,270 --> 00:39:45,090 | on. Because you have to get this skill first. You got to take advantage of the time that I'm putting into you this year. I'm giving you my year. I'm giving it |
| 238 | 00:39:45,090 --> 00:39:55,440 | to you. I'm giving you my attention. I'm giving you my skill set. I'm giving you my experience and giving you the wisdom and I give a fuck. I want you to do |
| 239 | 00:39:55,440 --> 00:40:06,030 | well. I absolutely want to see you do well. But you have to listen and you have Have to not do the things I tell you not to do. The things I tell you to focus |
| 240 | 00:40:06,030 --> 00:40:13,410 | on for that lecture or that time, that's the only thing you focus on, here's where you're going to fuck up, you're going to start looking other charts or |
| 241 | 00:40:13,410 --> 00:40:22,620 | other timeframes. Trying to figure out what I'm going to say next fucking dumb. That's not how you do it. The very thing I'm going to show you on that one, a |
| 242 | 00:40:22,620 --> 00:40:30,570 | five minute timeframe, but ICT I can't trade on, it doesn't matter. Everything I'm going to show you on that one five minute chart can be utilized on a four |
| 243 | 00:40:30,570 --> 00:40:33,540 | hour and an anti HR and you never need to look at anything intraday. |
| 244 | 00:40:36,150 --> 00:40:45,630 | You got to trust me, folks, I'm taking you exactly where you want to go. You just haven't been here before I've been here many times over. I know how to |
| 245 | 00:40:45,630 --> 00:40:55,470 | teach this stuff, I know what's likely to do next, I'm going to fail sometimes, but you're gonna see most of the time I'm going to be right. Period. That's what |
| 246 | 00:40:55,470 --> 00:41:01,800 | trading is, you're going to have times when you think you see your setup. And you're going to engage, you're going to put your stop loss exactly how it should |
| 247 | 00:41:01,800 --> 00:41:07,020 | be, you're going to have your partials already in mind, where you're gonna take this much off this much off, and you're gonna get determined your final target |
| 248 | 00:41:07,110 --> 00:41:21,390 | net, your height, your entire plan, how you're engaging that price move, and it's gonna go down and hit your stop loss. A new student coming February 7, it |
| 249 | 00:41:21,390 --> 00:41:31,230 | would be absolutely perfect. If I go out on my first day, and my first thing I'm outlining doesn't pan out. That's the best lesson that can happen. That is the |
| 250 | 00:41:31,230 --> 00:41:40,110 | best one because that absolutely weed out who wants to really want to mess because if you think for a second, that I can go out there and trade and have |
| 251 | 00:41:40,110 --> 00:41:54,780 | 100% accuracy and never take a losing trade. That's stupid. That's stupid, I only try to engage when the market is so overwhelmingly in my favor. So if you |
| 252 | 00:41:54,780 --> 00:42:02,220 | want to call me cherry picker in that regard, then yeah, I'm cherry picking the sweet spots in the marketplace, where I'm looking for the highest probability of |
| 253 | 00:42:02,220 --> 00:42:12,120 | when the market is going to move to where I'm expecting it to the time it should do it. When the algorithms will run our macro, and I'll talk about that live |
| 254 | 00:42:12,120 --> 00:42:22,080 | over the chart, you'll see it folks, you'll see it, I'm going to constantly referring to one market or the other that day, it could be ES or it could be n |
| 255 | 00:42:22,080 --> 00:42:30,240 | cubed, but most of the time it's going to be es, I prefer that one more than in queue. But there's times where I'll refer to in queue. And I'll pull it up and |
| 256 | 00:42:30,240 --> 00:42:39,660 | say no, look how fast this one's moving versus this. But you don't need to do anything. But just trade one, you can just do ES and it's fine. It's not |
| 257 | 00:42:39,660 --> 00:42:45,900 | listening Yahoo cowboys down and they're blowing your accounts every day in front of you, when live streams telling you they gotta you gotta be in the |
| 258 | 00:42:45,960 --> 00:42:58,950 | queue. No, you gotta learn how to be able to do this correctly, and not be impulsive, because of the quick sudden movement. The N q will have over ES, ES |
| 259 | 00:42:58,950 --> 00:43:08,760 | is still going to fucking move. It's going to move to both moving. But you want to be able to find consistent setups. And if you can take five handles out, |
| 260 | 00:43:08,940 --> 00:43:24,660 | listen, okay, because I'm going to graduate you're understanding very small, little increments, five handles per day. That your goal between February 7. And |
| 261 | 00:43:24,660 --> 00:43:32,190 | in the year, you won't be able to find that I didn't say you need to trade with a live account or your fund that account get five handle. That's not what I said |
| 262 | 00:43:32,190 --> 00:43:47,490 | there, folks, listen, your goal is to be able to consistently find five handles that you can see manifest before it delivers in price. You will have that skill |
| 263 | 00:43:47,520 --> 00:43:56,190 | by the end of the year. If you listen to me, you will fucking be able to do that. And nobody will be able to take that from you. They won't be able to troll |
| 264 | 00:43:56,190 --> 00:44:02,490 | it out of you, they won't be able to cause you to have doubts, they won't be able to fucking cause you any confusion. They're not going to distract you. |
| 265 | 00:44:02,550 --> 00:44:09,390 | They're not going to allow you to do some kind of dumb shit over here, you're going to find five handles a day and five handles a day on a one minute contract |
| 266 | 00:44:09,450 --> 00:44:20,640 | is $250 a day. That's not a lot of money. But when you consistently make that every single day, I guarantee you 70% of this listening audience it's more than |
| 267 | 00:44:20,640 --> 00:44:34,110 | you earn a week in excess one contract. So what happens if you parlay that up and you get to another 10,000 hours in profit. Now you can do to to trade two |
| 268 | 00:44:34,110 --> 00:44:46,380 | contracts. Now you're making $500 a day and then you make another $10,000 you can afford to do one more contract. So now you're making $750 a day. So you all |
| 269 | 00:44:46,380 --> 00:45:02,160 | want to do what you see these fuckers on Instagram and fake shit. I flipped my account this month. And Eminem. Show me precision entry, impeccable risk |
| 270 | 00:45:02,160 --> 00:45:20,340 | management consistently that right there, that right there makes millionaires. And you can start with any amount any. But in the beginning, I'm gonna take that |
| 271 | 00:45:20,340 --> 00:45:29,490 | five handle for the day, I'm going to scrunch it down into two and a half candles in the morning session, and I'm gonna tell you, here's your homework for |
| 272 | 00:45:29,490 --> 00:45:35,970 | the afternoon session, you're going to look for the other two and a half. And then over a period a couple of weeks doing that, they're gonna say, Okay, we're |
| 273 | 00:45:35,970 --> 00:45:46,590 | going to look for our full five handles in this session. Then I'm gonna give you homework that you have to find that next session in the afternoon, you have to |
| 274 | 00:45:46,590 --> 00:45:54,150 | have five handles there. So what does that mean? If you can continuously and consecutively find that set up like that? How many handles are you making a day |
| 275 | 00:45:54,150 --> 00:46:13,860 | that 10? That's 500 hours on one contract per day. You don't need to use 16 contracts to make 4000 hours, I will show you how to make $4,000 in one full |
| 276 | 00:46:13,860 --> 00:46:23,940 | pool. One entry to one exit. Fuck these clowns, okay, these people are literally teaching you to do the most stupid shit. And they want you to pay them $5,000 |
| 277 | 00:46:23,940 --> 00:46:33,510 | for it. No, you don't need that, folks, you don't need that. You're listening to an old fuddy duddy 50 year old man that knows this shit like the back of his |
| 278 | 00:46:33,510 --> 00:46:43,950 | hand. And I can't wait. I can't wait for you to see this stuff laying in your hands that you can pick it up anytime you want. Like a tool that you've trained |
| 279 | 00:46:43,950 --> 00:46:51,630 | with, and you know exactly how to do it. How can hurt you and you don't do those things that hurt yourself. And you'll be able to choose when you want to get in |
| 280 | 00:46:51,630 --> 00:46:58,230 | there and do something. Because let me tell you something, you got a shitty day, you can get two and a half candles. And I'm gonna teach you exactly how to do |
| 281 | 00:46:58,230 --> 00:47:06,660 | that. Then I'm gonna teach you exactly how to get that five handles in the morning and five handles in the afternoon. And I'm gonna teach you risk |
| 282 | 00:47:06,660 --> 00:47:15,420 | management. So that way, if you want to win trading competitions, you're gonna do that too. You're gonna be able to scale this as big as you want, or small and |
| 283 | 00:47:15,420 --> 00:47:22,710 | inconsistent as you want. You want to treat like a part time job, I'll teach you how to do that. You want to turn this into a fucking empire. I'll teach how to |
| 284 | 00:47:22,710 --> 00:47:29,340 | do that, too. It's going to cost you nothing but showing up each day. That's all you got to do, folks, that's all you got to take notes and just listen, because |
| 285 | 00:47:29,340 --> 00:47:40,410 | I'm going to prove this shit to you on these charts live. And then a fucker out there gonna be let's say anything about it. Not one thing, not one thing. You |
| 286 | 00:47:40,440 --> 00:47:52,080 | are getting ready to embark on an exciting experience. I fucking wish I had this when I was coming up. Like, I wish I had this. And I'm doing everything I can. |
| 287 | 00:47:52,080 --> 00:47:59,880 | And I'm planning all the exercises and everything that I'm going to put you through exactly how I wish knowing what I know. Now looking back at my 20 year |
| 288 | 00:47:59,880 --> 00:48:11,910 | old self, the perfect mentor, the perfect guy that listen to and learn from would be able to do what I'm about to do. I'm not enticing you to trade with |
| 289 | 00:48:11,910 --> 00:48:19,410 | like accounts. I'm not enticing you to go with any broker. I'm not enticing to use any particular funded account news. I don't do that. I don't read brokers. |
| 290 | 00:48:19,410 --> 00:48:25,920 | There's somebody out there right now pretend to be me saying that. This is the broker that I recommend. I don't recommend any of them. They're all fuckers. |
| 291 | 00:48:26,160 --> 00:48:33,840 | They're all going to fuck with you some way, shape or form, start making a lot of money and they will fuck with you. Trust me, you're gonna get slippage. |
| 292 | 00:48:33,900 --> 00:48:42,120 | You're gonna get read quotes. It's just the way it works. Folks, this is the way it is. There's small little nuisances. That's all it is. And that's why you |
| 293 | 00:48:42,120 --> 00:48:50,970 | don't want to have all of your money in one account. You want to spread your money across several brokers and one account only one account. That's the one |
| 294 | 00:48:50,970 --> 00:49:00,270 | you parlay up. But everything else when you make money, you take it out. Don't leave your money sitting out there. You know, anything can happen in a brokerage |
| 295 | 00:49:00,270 --> 00:49:07,740 | firm. You know, we have a big major crash, a flash crash that nobody expects not even me so I'm not it's not something come out and boom, the market shifts |
| 296 | 00:49:07,740 --> 00:49:18,540 | itself and brokerages can go under and you don't get your fucking money, folks. This is gone. So you don't want to have everything all your eggs in one basket |
| 297 | 00:49:18,570 --> 00:49:28,140 | analogy works appropriately here. So I don't represent any broker. I don't represent any funded account. I never tell you to join a brokerage firm. I never |
| 298 | 00:49:28,140 --> 00:49:35,040 | tell you this brokers good go here. I don't ever say use this funded account. I don't ever do that. It's why I don't do commercials for people. I don't do |
| 299 | 00:49:35,040 --> 00:49:41,910 | product placement in my videos on YouTube. I get lots of requests to do that every single month. they email you say, you know, would you be interested in let |
| 300 | 00:49:41,910 --> 00:49:54,630 | us do a 32nd contract commercial and we'll pay you 5000 offshore. No, no, thank you. I don't want my channel to be that way. I don't want that. Because that |
| 301 | 00:49:54,630 --> 00:50:04,740 | means I'm saying what? I cosign your product, your service. You Overbrook your funding account? I don't have that. And I have people that are reaching out that |
| 302 | 00:50:04,740 --> 00:50:14,700 | want to start that partnership with me, and I am not going to do it. So there's no incentive for me, except for your success. That's it. That's it, that's all |
| 303 | 00:50:14,700 --> 00:50:21,900 | want to see you do, I want to see you do well. I want you to send me emails occasionally, once a while, say, hey, look, this is what I was able to do. Thank |
| 304 | 00:50:21,900 --> 00:50:28,680 | you so much, I was able to help this person, I'm doing this over here, I'm building a hospital, I put a wing on the hospital over here, I'm putting a |
| 305 | 00:50:29,040 --> 00:50:35,760 | orphanage together here, I've funded this entire village of individuals have gave them food for the next 90 days. |
| 306 | 00:50:37,590 --> 00:50:48,390 | That's treasure to me. I don't give a shit about online cloud, I don't care about that. I want you to be able to feed yourself and your family and help |
| 307 | 00:50:48,390 --> 00:51:01,230 | others and be passionate about doing that. And most of you wouldn't even think doing that, because you can't hardly make your own bills right now. But once |
| 308 | 00:51:01,230 --> 00:51:12,900 | you're able to do this consistently, and you can make another stream of income. And you decided, you decide when you're going to do it. In small losses, like a |
| 309 | 00:51:12,900 --> 00:51:20,820 | flat tire going to work or inconvenience expenses. It's not fun, it's irritating. That's what losing is in trading. That's exactly what it's like. |
| 310 | 00:51:20,940 --> 00:51:27,240 | Because it's measurable. You know exactly where you can put the stop loss. You know why if it goes there, you're gonna get stopped out and you want that to |
| 311 | 00:51:27,240 --> 00:51:40,140 | happen. If you're wrong, you want that to be the very mechanism that prevents you from losing more. How do I get over the fear, you go through it? You just |
| 312 | 00:51:40,140 --> 00:51:48,330 | walk forward. That's it, he's keep walking forward. But if you're walking forward with no stop loss, recklessly over trading, adding more contracts, when |
| 313 | 00:51:48,330 --> 00:51:58,140 | you're already down, trying to dig your way out of it, then you get results like you see some of these YouTubers out there doing. That's not what you want to do, |
| 314 | 00:51:58,140 --> 00:52:09,990 | folks, let's not have a very easy, low hanging fruit objective, something that's easy a target that can be easily reached, I think. And somebody that's been |
| 315 | 00:52:09,990 --> 00:52:19,470 | trading for a while probably snickered earlier, when I said two and a half handles a two and a half points. Two and a half points is nothing. But high |
| 316 | 00:52:19,470 --> 00:52:32,640 | frequency algorithms will fire in there all day long, going up and down in the same day, doing that all day long. And make Well, a lot of money, a lot of money |
| 317 | 00:52:33,750 --> 00:52:43,080 | that they're losing to. They're getting those that ebb and flow up and down, up and down, up and down. They're not all always winning. But they know over the |
| 318 | 00:52:43,080 --> 00:52:51,990 | course of the day, ripping into that marketplace over and over and over again firing and they're constantly catching fluctuations of one and a half, two and a |
| 319 | 00:52:51,990 --> 00:52:59,520 | half, three handles. Once it gets there, they're out. They're not in there trying to get the daily range average daily range. They're not trying to run for |
| 320 | 00:52:59,520 --> 00:53:06,690 | buyside liquidity. They're not trying to run for sells out the Quiddity. They're just in there getting fluctuations over and over and over again. They're |
| 321 | 00:53:06,690 --> 00:53:14,970 | capitalizing on that minor fluctuation, algorithms that are engaging the market. I'm not talking about the algorithm that the market engine uses for price |
| 322 | 00:53:14,970 --> 00:53:24,300 | delivery. I'm talking about traders, entities on the outside that are trying to capitalize on price fluctuation. So don't be discouraged by two and a half |
| 323 | 00:53:24,300 --> 00:53:37,890 | handles as Oh, that's not that's not worth my time, bro. Now, you can do a lot. You can do a lot with that. Because you can take that and scale it was okay. I |
| 324 | 00:53:37,890 --> 00:53:47,520 | know I don't have a whole lot of time to be doing anything in the marketplace because my schedule committed. Okay, fine. But you can find two and a half |
| 325 | 00:53:47,520 --> 00:53:57,330 | handles, you can get that. Not that I'm encouraging it but on a smoke break at work. A bathroom visit while you're at work while you're walking through the |
| 326 | 00:53:57,330 --> 00:54:06,030 | mall. While you're waiting for your wife to pick up the shoes that she doesn't need, like I have to do sometimes. Okay, I can't stand being here. She's gonna |
| 327 | 00:54:06,030 --> 00:54:13,110 | ask me, you know, do you like these? Man? Why are you going to put me in a situation where I'm going to lose no matter what. You know, I'm talking about |
| 328 | 00:54:13,110 --> 00:54:20,820 | gentleman, right? I have to be distracted from that. It'll drive me crazy. So I'll go on the phone. And there it is. I'm in trading view messing around with |
| 329 | 00:54:20,820 --> 00:54:34,710 | something. Joining handles is easy. That's literally like fruit hanging on a tree that you just walk up to and grab a hold, pluck it off. Whenever the fuck |
| 330 | 00:54:34,710 --> 00:54:44,880 | you want, whenever you want. As long as that markets moving. You don't need to be in those times. I've told you to trade and I'm going to teach you how to |
| 331 | 00:54:44,880 --> 00:54:54,570 | trade outside those times. Those times are for students that have never studied price action. They want the highest degree of probability on their side. Then |
| 332 | 00:54:54,570 --> 00:55:06,000 | you trade in those times. With experience. You'll know how engage the marketplace outside their skill zones, there's tons of market action designed to |
| 333 | 00:55:06,000 --> 00:55:16,350 | 830 to 1030. That's your sweet spot for the morning session. Now, inside that timeframe, I'm going to zero in on two specific times where it's highly |
| 334 | 00:55:16,350 --> 00:55:24,480 | probable, certain things that occur, and they're called macros. All that is going over your head right now, but trust me, it's undeniable. And I'm looking |
| 335 | 00:55:24,480 --> 00:55:31,920 | at it and showing it to you on a chart, one minute five minute chart. That's the smallest time interval. I mean, knowing the second chart but it gets a little |
| 336 | 00:55:32,010 --> 00:55:39,510 | spotty on the second chart, because if it's a rip, it takes off, it'll create a gap, which is fine. It's another opportunity in itself, but One Minute Finance |
| 337 | 00:55:39,510 --> 00:55:47,760 | is going to effectively communicate exactly what you should be doing across all timeframes. Don't listen, these Yahoo's from Goldman Sachs, they'll tell you in |
| 338 | 00:55:47,760 --> 00:55:56,250 | videos, if anybody tells you that they can trade consistently, you'll integrate hearts, intraday charts I've done, I couldn't make it work. So they're calm and |
| 339 | 00:55:56,250 --> 00:56:09,180 | run away. Okay. I wish they were sitting in that CPI, Twitter space I did where I call it every single minute candle. Like I knew from yesterday. That's where |
| 340 | 00:56:09,180 --> 00:56:19,620 | it's gonna be like, folks, that's what it feels like to know exactly what you're doing. What you're not supposed to do, what shouldn't happen in price. A lot of |
| 341 | 00:56:19,620 --> 00:56:29,670 | you 12,000 of you. At the time, I closed that Twitter space. Last Thursday. Were listening to me. And I was outlining the very candles movements, why it should |
| 342 | 00:56:29,670 --> 00:56:42,630 | do this and why shouldn't do that. It's going to be totally different experience when you're watching it in the chart too. But five handles is what I want you to |
| 343 | 00:56:42,630 --> 00:56:53,610 | focus on. That's your goal and your journal. That's what you're looking for. Okay, I guess it'd be I guess, equivalent to a pip in in forex. I'm not saying |
| 344 | 00:56:53,610 --> 00:57:03,600 | that we're gonna be looking for five pips, in forex, to me unless you can get 10 in forex, because you have a spread that you have to beat in forex. So |
| 345 | 00:57:03,600 --> 00:57:16,560 | everything I'm teaching you with index futures, you have to look at a minimum range of Can it move 10 pips? 10 pips has to be if it can't move 10 pips then I |
| 346 | 00:57:16,560 --> 00:57:26,400 | wouldn't even consider doing anything with it. Because you have the spread to dealer spread going in and coming out. You don't have that so much in index |
| 347 | 00:57:26,400 --> 00:57:34,830 | futures. And everybody's prices the same, you don't have that, with Forex, everybody's quoted high on Eurodollar Oh, any, any timeframe is going to be |
| 348 | 00:57:34,830 --> 00:57:48,030 | slightly different. It's not consistent. Because you're trading in your brokers liquidity pool. And futures, you're trading in the liquidity. There is no |
| 349 | 00:57:48,030 --> 00:58:00,990 | outside sources. It's this is it, which is why professionals go there. That's why large firms execute in those markets, because they're not going to have the |
| 350 | 00:58:00,990 --> 00:58:19,110 | same funny money games that Forex has, and crypto has, okay. Real quick here. So by looking at having a very small window of expectation, on what you should be |
| 351 | 00:58:19,110 --> 00:58:33,450 | trying to pull out of the marketplace, that being five handles, if we go through this process, and you take three months. And you can't get five handles, but you |
| 352 | 00:58:33,450 --> 00:58:43,200 | can show a record of you doing consistently three to four handles, each time you do it. You're not there at five handles, but you're able to go in there, see |
| 353 | 00:58:43,200 --> 00:58:51,120 | when it's going to likely move in one direction or the other. And you can time it with a small timeframe. Because if you can time it with a small timeframe, |
| 354 | 00:58:51,120 --> 00:58:59,520 | you can time it with the larger timeframe, the larger timeframe just takes more time to deliver. But it's the same thing. Because price is fractal. It's the |
| 355 | 00:58:59,520 --> 00:59:08,460 | same things that are occurring on these small one minute five minute charts are occurring on weekly and monthly charts. It just takes a whole lot more time. I |
| 356 | 00:59:08,460 --> 00:59:18,360 | don't have the patience for that. Some of you might have the patience for that. You may have the predisposition to do a I can do a trade on a weekly chart. I |
| 357 | 00:59:18,360 --> 00:59:25,500 | don't want to go anything alone in a weekly chart. I don't know how anybody could do that. Because that's incredible amount of patients, I don't have that |
| 358 | 00:59:25,500 --> 00:59:36,720 | much patience, I can change my mind very quickly. I can have something distract me and take me out of a train of thought. And it takes me time to get back in |
| 359 | 00:59:36,720 --> 00:59:45,210 | sync. So if I'm a trader that requires just daily candles, and I get a news report or something happens and we break out into some kind of conflict and |
| 360 | 00:59:45,210 --> 00:59:55,320 | another country or you know scan Demick breaks out again, something to that effect. All that stuff is going to take my attention and dilute it from when I'm |
| 361 | 00:59:55,320 --> 01:00:07,350 | trying to deal with the marketplace. And I won't be able to focus so Because I am obsessively compulsive and I'm bipolar, I'm wrestling a lot of mental |
| 362 | 01:00:07,830 --> 01:00:17,400 | baggage, okay that I can't fix, I'm hardwired this way, I can't fix it. So I found where I can engage, where it gives me plenty of opportunity. Even if I |
| 363 | 01:00:17,400 --> 01:00:26,640 | lose my focus, someone distracts me, my children distract me, I'm late to my chart because of something. You know, I have to eat something or I have to |
| 364 | 01:00:27,900 --> 01:00:35,880 | relieve myself, you know, we're all human beings, something has you away from the charts and you can't be there. Okay, that's fine. A one to five minute chart |
| 365 | 01:00:36,330 --> 01:00:49,290 | puts me right back in sync with things and I can find no setup. Every single 60 minute candle has an opportunity for you trade that 2022 model. What? During |
| 366 | 01:00:49,290 --> 01:01:02,940 | those times, I've taught you to focus on not every hour, during those hours of 830 to 930 to 1030. Every hour candle, if you strip that down to 15 second |
| 367 | 01:01:02,940 --> 01:01:23,790 | candles, that 2022 model exists there. What? Yeah, there's a woman was the that was a children's movie, my my younger son, Jarvis two, couple years ago, Dr. |
| 368 | 01:01:23,790 --> 01:01:32,490 | Seuss something, the fact that like there was this elephant or whatever, at least it looked like an elephant. And they lived in this world or whatever. And |
| 369 | 01:01:32,670 --> 01:01:44,760 | he heard somebody talking or these little characters and talking in this flower or something, the memories vague, but I remember when they zoomed into this |
| 370 | 01:01:44,760 --> 01:01:55,170 | world, it was a whole lot of things going on inside there where it's microscopic. Well, if you're looking at an hourly candle, and imagine that you |
| 371 | 01:01:55,170 --> 01:02:04,080 | had a microscope, and you drill down into that one hour candle, and how much movement took place inside that one hour candle, and you look at it through the |
| 372 | 01:02:04,080 --> 01:02:21,150 | lens of a 15 second chart, that 2022 model is there, every single hour, the fluctuations are not going to be monumental. But that same thing can be |
| 373 | 01:02:21,150 --> 01:02:40,560 | programmed and coded as an algorithm that fires just like that autonomously. Your perception of price is so heavily taken out of focus with the books, the |
| 374 | 01:02:40,560 --> 01:02:51,450 | logic that people teach you. They don't know how price is really going to book. They have no idea where it's likely to go next. And the evidence is how they're |
| 375 | 01:02:51,450 --> 01:03:05,400 | trading. Like, I watch live streamers, just because I want to see when I see their expectation on a marketplace. opposed to what I'm expecting price to do. I |
| 376 | 01:03:05,400 --> 01:03:16,290 | have a 90% edge that my setup at that moment is going to work at that time. Now, when you hear that, that sounds like you're a jerk, you're arrogant. Listen to |
| 377 | 01:03:16,290 --> 01:03:23,310 | what you just said. You're You're shitting on all these live streamers? No, no, I didn't say one live streamer. I didn't specifically mean anybody. There's |
| 378 | 01:03:23,310 --> 01:03:35,130 | seven of them that I'm now seven of them that I follow. A couple of them are just very inconsistent. Some of them are consistent. But collectively, when I |
| 379 | 01:03:35,130 --> 01:03:45,150 | have all of them, when all of them are looking for something and they start using keywords, like there's no way, or I think it's really gonna, when they |
| 380 | 01:03:45,150 --> 01:03:56,430 | start using descriptors, I'm listening for that. They're on very low volume when I'm looking to do a trade, and when I hear all of them start chattering the same |
| 381 | 01:03:56,430 --> 01:04:04,890 | way. Oh, I think it's going to go down when I'm looking for the buy side liquidity. And when I see a fair value, for institutional order flow entry drill |
| 382 | 01:04:04,980 --> 01:04:13,260 | for it runs sell side on a one minute chart or a 15 second chart. And they're seeing that very thing at that moment that they're expecting it to go down. Oh, |
| 383 | 01:04:13,260 --> 01:04:21,300 | it's gonna break here. Watch this trendline break, watch this descending triangle, it's going to go this way. All the moving averages are pointing down. |
| 384 | 01:04:22,860 --> 01:04:35,550 | That's exactly what I want to hear. That's exactly because it's like, that's it. I have that very moment, encapsulated in time where smart money is armwrestling |
| 385 | 01:04:36,450 --> 01:04:51,570 | neophyte retail traders logic. That moment that very, very instant. You're in a 90% bracket right there. Now, some of these live streamers are still making |
| 386 | 01:04:51,570 --> 01:05:02,700 | money in that day. But I'm listening for that sentiment reading that I'm trying to get that from them. And that in their live streams shitting on them, I'm not |
| 387 | 01:05:02,700 --> 01:05:10,470 | talking about them, I'm not trolling them, I'm not doing it most of the time. They're not even aware that I'm here. But I'm listening, I want to hear their |
| 388 | 01:05:10,470 --> 01:05:21,300 | descriptive tone, say they are committed to this going one direction or the other. And I'm waiting for that to occur when I'm looking for my market move, |
| 389 | 01:05:22,620 --> 01:05:32,730 | and if I have a PD earache, right there at the time, and I hear that, I don't smile, I don't smoke, I just know that. Okay, I'm, I have now retail sentiment |
| 390 | 01:05:32,730 --> 01:05:44,070 | telling me exactly what I want to see as an opposing view. And because I trade with smart money, logic, and concepts, that armwrestling match between someone |
| 391 | 01:05:44,070 --> 01:05:55,710 | that reads retail books and is reacting to price versus on sitting and waiting, and waiting, and waiting for something to occur in the market in price. And I |
| 392 | 01:05:55,710 --> 01:06:04,440 | know that retail traders, that's why you see me sometimes comments, retail wants to go long here, retail thinks this, that's the very time I'm hearing, if you |
| 393 | 01:06:04,440 --> 01:06:13,740 | see ever in my life recordings, or I'm annotating the chart, more minute trader, we're about to move a stop or take partials or whatever. I'm listening to that. |
| 394 | 01:06:15,270 --> 01:06:24,810 | And that's why I'm prompting it in the chart, because I'm getting feedback from live streamers that are telling me that that's what they see. And when they lose |
| 395 | 01:06:24,810 --> 01:06:35,730 | and it goes up direction, the more disgruntled, or the faster they feel like oh, no, or oh, they sent they sent like they're surprised, the better the trade is. |
| 396 | 01:06:36,900 --> 01:06:47,730 | So I know I'm going to run to my boss side or my next partial rather quickly at that time. And you'll see me say what I want to see speed and distance. Oops, |
| 397 | 01:06:48,000 --> 01:07:00,030 | ICT just let the cat out of the bag. That's what I'm doing. I'm listening to retail traders literally, tell me the opposing side, real time, real time. And |
| 398 | 01:07:00,060 --> 01:07:12,330 | that gives me the juice with my own concepts knowing that okay, this is going to really deliver nice, but in all actuality, it's occurring all the time. If you |
| 399 | 01:07:12,330 --> 01:07:19,350 | don't believe me, look at some of the posts I've done where I've done my executions. And you'll see students say, I got stopped out there. I thought it |
| 400 | 01:07:19,350 --> 01:07:25,950 | was going to go the other direction. How did you figure it out that that was a long or why did you go short there, I was trying to do the opposite. So even in |
| 401 | 01:07:25,950 --> 01:07:37,080 | that capacity, you can see that it is the phenomenon there. So I love I absolutely love the fact that these, these souls out there are willing to put |
| 402 | 01:07:37,080 --> 01:07:45,420 | themselves out in front of the entire world and push a button and share their intelligence, or lack thereof. Not to be disrespectful, because some of them are |
| 403 | 01:07:45,420 --> 01:07:53,790 | training before they be learned how to trade. But others are out there being profitable. But I love hearing them become very committed to one side of the |
| 404 | 01:07:53,790 --> 01:08:02,130 | marketplace. That doesn't mean just because they start saying hey, look, it's going to really crash down here or it's going to sink, it's no way it's not |
| 405 | 01:08:02,130 --> 01:08:11,100 | going to go down just because they say that doesn't mean I'm going in there feeding them. But that's not what I'm saying here. What I'm saying is if I'm |
| 406 | 01:08:11,100 --> 01:08:23,850 | already anticipating something, and then I hear the retail Squawk Box that I create with these live streamers, that moment when they do that, that to me is a |
| 407 | 01:08:24,570 --> 01:08:31,950 | That's it. That's the last check on all the boxes that need to be for a really quick low resistance quality run, because it's exactly when they would not |
| 408 | 01:08:31,950 --> 01:08:43,530 | expect it to occur. And I'm capitalizing on them, because they're trying to keep their social media equity curve increasing. So they want to constantly give |
| 409 | 01:08:43,980 --> 01:08:52,800 | engagement to their viewers. And they want to constantly sugarcoat and entertain, and there's nothing wrong with that. That's absolutely commendable. |
| 410 | 01:08:52,800 --> 01:09:00,000 | And if they're consistently doing something and they can make money. Great, who cares? I'm only trying to tell you what it is. I'm listening to these live |
| 411 | 01:09:00,000 --> 01:09:10,380 | streamers for I'm listening for that moment, that very moment where they're absolutely now committed. If I'm expecting something in the opposing direction, |
| 412 | 01:09:10,680 --> 01:09:21,540 | and I have a PDA right, I'm watching when I hear them say that, that registration of committal on their part, and if it's just one of them, not so |
| 413 | 01:09:21,540 --> 01:09:30,660 | much. But when they all start and it's almost like they're crickets, they start chirping together forever, you know. It's weird, it's a crazy phenomenon, but |
| 414 | 01:09:30,720 --> 01:09:43,680 | it's literally like fade one on one. If you're using the things I'm teaching you in price, not all the time not everything they say can be faded. That's not what |
| 415 | 01:09:43,680 --> 01:09:50,370 | I'm saying here. But that's what I'm that's why I'm I'm listening to specific live streamers. So |
| 416 | 01:09:51,750 --> 01:10:02,250 | please, if you know that I'm a follower of your live stream, that's not meant to be disruptive disrespectful to you. Okay. I think what I just said was rather |
| 417 | 01:10:02,250 --> 01:10:15,060 | balanced. I didn't make anyone sound or imply that any of them were failed traders. I didn't say that at all. I'm just saying for my personal study, and an |
| 418 | 01:10:15,060 --> 01:10:22,560 | observation and a laboratory experiment, when I teach my sons how to do this, I'm telling them that listen to what they're saying, right now. Do you see that? |
| 419 | 01:10:22,560 --> 01:10:31,020 | And you see how what I'm showing you is opposed to that. Just sit back and watch what happens. Now, I ain't gonna lie. They're laughing and saying you how can |
| 420 | 01:10:31,020 --> 01:10:38,760 | they not see this? Because they they're not aware that we're having this discussion about, they're not privy to it, but I'm privy to their expectation |
| 421 | 01:10:38,790 --> 01:10:48,090 | and their bias because they're making it public, right? So I'm capitalizing on that. Much like all the memes, stock traders that were in Reddit, saying they |
| 422 | 01:10:48,090 --> 01:11:00,240 | were going to beat the hedge fund managers. No, you weren't. And you can see their stocks have been smashed. They didn't do what they said they were gonna |
| 423 | 01:11:00,240 --> 01:11:10,650 | do. Okay, so they use that sentiment reading in read its chat rooms, or whatever it is they use. I've never been on Reddit for it. But I told you all on Twitter, |
| 424 | 01:11:10,650 --> 01:11:18,390 | I said, Don't Don't touch these stocks. Because now they have the beat. Everybody thinks they're gonna be able to muscled up. Here's a lot of people |
| 425 | 01:11:18,390 --> 01:11:28,710 | that was buying it. But why don't you go to the moon? Because it doesn't work that way, folks. It doesn't work that way. I know, it's frustrating. Because if |
| 426 | 01:11:28,710 --> 01:11:38,520 | you're new, and you think, oh, it's gonna go up to the moon? No, no, it's not. Especially when everybody thinks is gonna go up there. It's not. In passing real |
| 427 | 01:11:38,520 --> 01:11:53,040 | quick. I mentioned this, I saw a tweet, some guy sent me a SpongeBob meme, suddenly how you said it, Bitcoin to 10,000. I'm not a crypto trader. But I |
| 428 | 01:11:53,040 --> 01:12:00,570 | believe once they were all the central bank, digital currencies, that all of your crypto is going to go to shit. And I'm okay with being wrong. I don't have |
| 429 | 01:12:00,630 --> 01:12:11,010 | I don't have a horse in the race. I don't care. I don't care about that. Okay. But I wouldn't be buying it. And I wouldn't be looking for it to go to 20,000, I |
| 430 | 01:12:11,010 --> 01:12:18,840 | wouldn't be looking for it to do anything, it's going to probably be very frustrating. It could stay chopping in here between 22,000. And whatever the |
| 431 | 01:12:18,840 --> 01:12:27,090 | low, the most recent low was, it could just bang around in there for a long time. It makes no sense to me, I don't like the asset class. And there's better |
| 432 | 01:12:27,090 --> 01:12:36,480 | real markets to trade with precision. So I'm not worried or influenced by anybody that is a fanatic with crypto. Anytime this thing goes up a little bit, |
| 433 | 01:12:36,480 --> 01:12:45,210 | you all think it's going to Saturn, okay, Dr. Moon, you're going out of the solar system. And it's just, it's unfortunate, because that has hurt more people |
| 434 | 01:12:45,840 --> 01:12:56,190 | than I think than any asset class in the last 20 years. But that that mindset of it can only do that. When it's not true. Markets can stay in a choppy shittiest |
| 435 | 01:12:56,190 --> 01:13:06,510 | trading range for a long time in your the whole time expecting it to go to the moon and drive him nuts like that. If I'm going to be in here in these markets, |
| 436 | 01:13:06,540 --> 01:13:15,480 | I'm going in here, I'm gonna make money, find my setup, get in there, get it in run, and I'm gonna live my life. Not obsessively looking at my phone, worrying |
| 437 | 01:13:15,480 --> 01:13:25,170 | about who's gonna say something bad about crypto or Bitcoin? Oh, no. Fudd. For me when stuck? I think it's I think it's I don't know, I don't know about okay. |
| 438 | 01:13:25,170 --> 01:13:37,560 | I just know that that segment of Twitter and the trading community are just wild, but they're just really, really wild. And I wish I could get that seemed |
| 439 | 01:13:37,560 --> 01:13:51,840 | fevered pitch into futures. Could you imagine it will be so amazing because you would have such a rich sentiment reading? Because crypto sentiment is perpetual |
| 440 | 01:13:51,840 --> 01:13:58,440 | Bull. I mean, there's a lot of smart folks out there know that. Okay, yeah, it's probably not going to go up because it's going to do this and do that. But by |
| 441 | 01:13:58,440 --> 01:14:12,240 | far and large crypto really is like, it's a circus. Like it's carnival, like it's absolutely insanity. And, unfortunately, a lot of new money, a lot of |
| 442 | 01:14:12,270 --> 01:14:20,970 | traders came into trading through that, expecting it to go to them and expecting it to do really well. And I mentioned you got to be careful. It's gonna go to |
| 443 | 01:14:20,970 --> 01:14:31,830 | shit and look at my times we've had like the FCX stuff and my son, he has his shit caught up in a broker he can't get his money on. Okay, because you didn't |
| 444 | 01:14:31,830 --> 01:14:41,670 | listen to Google ICT is Daddy. So it's frustrating. And I know I'm gonna be frustrated because some of you are gonna do things that you're told not to do. |
| 445 | 01:14:42,330 --> 01:14:51,480 | You're gonna do things that you were never told to do. And you're probably gonna hurt yourself this year. And I want to remind you all that's your fucking fault. |
| 446 | 01:14:52,350 --> 01:14:59,970 | That's your fault. You did that to yourself, because there's nobody's ever going to say, ICT caused me to lose money because I've always taught paper trading |
| 447 | 01:15:00,000 --> 01:15:10,680 | count for a demo. And they're in a fucking court anywhere. You're gonna say, Oh yeah, this demo traitor. This demo trade this concept in a demo trade caused you |
| 448 | 01:15:10,710 --> 01:15:19,890 | to lose money. You took the initiative to push a button and I'm telling you don't push a button button this year, don't. Don't learn how to read price. |
| 449 | 01:15:20,730 --> 01:15:33,180 | Learn your own tendencies to be impulsive. That's going to be a painful lesson for you. What's impulsive, mean? Gentleman? You're walking next to your |
| 450 | 01:15:33,180 --> 01:15:47,790 | girlfriend or your spouse or significant other? Your boyfriend and all of a sudden out the corner I miss everything Miss thang. Dressed to the gills. |
| 451 | 01:15:48,750 --> 01:16:02,010 | Beautiful. Lovely. Which I do? Look over now, you know, at that moment. That moment right there. You better get your shit fixed real quick before your |
| 452 | 01:16:02,010 --> 01:16:11,280 | significant other catches you looking. But now what do you do? You make sure coast is clear. Then you look back again. And then now you're undressing her. |
| 453 | 01:16:12,630 --> 01:16:23,070 | That's impulsive. That's the thing that you know you should not do. But you fucking did it. And you might get away with it once in a while. might get away |
| 454 | 01:16:23,070 --> 01:16:29,670 | with it at that instant. But if you live your life like that, your significant other is going to catch you doing it and what do you think they're gonna say? |
| 455 | 01:16:30,390 --> 01:16:38,880 | No, you're in a long term committed relationship. But that's not you with your elbow. What are you doing get, you can't get that. But if you're a young new |
| 456 | 01:16:38,880 --> 01:16:47,970 | fledgling relationship, and you haven't really committed yourself either party, and it's something new and fresh, you're gonna feel insecure. If your |
| 457 | 01:16:48,000 --> 01:16:54,330 | significant others looking at someone else like that, gawking because you're gonna think, Oh, they're looking somewhere else. The grass is greener on the |
| 458 | 01:16:54,330 --> 01:17:06,780 | other side. That's impulsive. How's that trading? Well, ICT said that he thinks it's going to go up to 4030. And I'm in front of the charts right now. And he |
| 459 | 01:17:06,840 --> 01:17:14,550 | need to mention that fair value cap. So that's pretty much like him saying buy right now. So even though he hasn't said anything about really technically |
| 460 | 01:17:14,550 --> 01:17:21,570 | buying it, and he hasn't really said where the stop loss should be on this particular guy yet, yet. I've got, you know, pretty good feeling that, you know, |
| 461 | 01:17:21,600 --> 01:17:29,520 | the grass is greener, right now, if I just go in there and just do just one contract by one contract. And because of the 430. I won't say nothing, you know, |
| 462 | 01:17:29,640 --> 01:17:37,890 | he'll probably think it's funny. He might like my post. If I say, I know, I didn't listen, boss, blah, blah, blah, in media for 30 hifi. Every week, every |
| 463 | 01:17:37,890 --> 01:17:48,000 | day, and they won't stop. No, that's impulsiveness. Okay, you do the things I tell you to do, you don't do the things I tell you not to do. Focus on the |
| 464 | 01:17:48,000 --> 01:17:55,560 | things I'm telling you to focus on and nothing else, you can just follow that going through the rest of this year, you will get the understanding that you |
| 465 | 01:17:55,560 --> 01:18:02,280 | need to do it independently, you'll know when to do something, when not to do something, you'll understand how to place a stoploss, you'll understand what it |
| 466 | 01:18:02,280 --> 01:18:15,540 | feels like to get in there doing it and desensitize yourself. That means remove all that fear and anxiety that you're feeling about doing it incorrectly. You're |
| 467 | 01:18:15,540 --> 01:18:26,670 | going to do it incorrectly. But that incorrectly, done process doesn't always equate to failure, with causes failure, repeatedly going in fixing what you |
| 468 | 01:18:26,670 --> 01:18:39,420 | think is an error. It's just a transaction that didn't pan out, and it took something away, that wasn't a deposit in money, a loss of loss of time, you're |
| 469 | 01:18:39,420 --> 01:18:46,590 | going to see we're going to be in moves. And this will be a hypothetical. This is where your stop would be. I'm not going to push the button. There won't be a |
| 470 | 01:18:46,590 --> 01:18:54,270 | hard stop there. But I'll be communicating where I think it should be in the market will go down to that level. Okay. Well, if it's at a point at which would |
| 471 | 01:18:54,270 --> 01:19:03,630 | be breakeven, you got to think about what that felt like to be in that trade have unrealized profits, you haven't, you haven't got out of the move, but |
| 472 | 01:19:03,630 --> 01:19:13,500 | you're seeing it, it would be four and a half handles, maybe eight handles, maybe 10 handles. And if you didn't take the partial, or if I don't indicate |
| 473 | 01:19:13,500 --> 01:19:24,540 | there's a partial be taken, which isn't going to happen because if I handled you're taking it this whole time investment will feel like a waste if you've |
| 474 | 01:19:24,540 --> 01:19:35,070 | done nothing but get breakeven which is the actual lesson in that you need to take partials. If I'm teaching you your threshold should be aiming for five |
| 475 | 01:19:35,070 --> 01:19:44,550 | handles. Doesn't it go without saying if you're watching something, if it goes to five handles, you should do what initially squared up position off right |
| 476 | 01:19:44,550 --> 01:19:47,970 | there. If nothing else in this watch, does it go beyond five handles |
| 477 | 01:19:49,260 --> 01:19:57,540 | and you're going to feel all this impulsive behavior start to well up inside you shouldn't have done that. If you're if you're trading with a live accountant |
| 478 | 01:19:57,630 --> 01:20:04,980 | following along in the commentaries I'm going to do on live streaming If you're gonna feel like oh, no, I shouldn't listen to ICT that fucker, you told me get |
| 479 | 01:20:04,980 --> 01:20:19,440 | out of five hands, look at 30 handles. What did you learn here? Greed. And it's going to build in the building blocks of fear of missing out on that next Big |
| 480 | 01:20:19,440 --> 01:20:28,980 | Rip. Instead of just saying, I was looking for five, it gave me five minutes, sidelines now I'm going off to go spend time with my kids, go watch a movie, I'm |
| 481 | 01:20:28,980 --> 01:20:37,410 | outside, I'm doing whatever I want to do take a drive in my car. I'm going on vacation, I got this one and nobody knew about it. It's done. I'm not condoning |
| 482 | 01:20:37,470 --> 01:20:45,120 | vacation trading, by the way. Every time I do it, I hate it because it ends up coming hours and hours and hours in front of the charts. And then my wife says, |
| 483 | 01:20:45,180 --> 01:20:56,460 | You weren't supposed to bring that you said you weren't gonna I know. I'm sorry. That's like that analogy, the wandering on these charts. I'm sorry. They're all |
| 484 | 01:20:56,460 --> 01:21:07,590 | beautiful. And I live a monogamous life. But as a trader, my eye, it just lingers, okay. And in the charts, I'm gonna see a high. Okay. I don't I don't |
| 485 | 01:21:07,590 --> 01:21:15,300 | see numbers and candles anymore. I just see a brunette, blonde, a redhead. And I'm just saying, I'm just being funny right now my wife is is the only one for |
| 486 | 01:21:15,300 --> 01:21:27,180 | me. That wandering I scenario will get you hurt and trading. Okay, so I want to make sure that you all go in with the right expectation, the mindset, the focus. |
| 487 | 01:21:27,600 --> 01:21:36,570 | And by doing it this way, it's going to be boring in the beginning. But once you see, we can see these things panning out every single time it's the same open |
| 488 | 01:21:36,570 --> 01:21:48,330 | ship, it becomes entertaining, it's almost like the book you've read multiple times, you know, the, you know, the plot, you know the character engagements, |
| 489 | 01:21:48,510 --> 01:21:59,490 | and you know how it's going to end. Now, that same book that you read over and over again. You give it to your kid, or your dog gets a hold of it, chews it up, |
| 490 | 01:21:59,520 --> 01:22:07,410 | rips a couple pages out or spills coffee on it, and you can't read a certain paragraph. Do you lose resolution? If you go through that book and can't read |
| 491 | 01:22:07,410 --> 01:22:16,770 | that one or two paragraphs? He was a little bit, but you are familiar, you still know what is likely to occur. You've been here before. It's kinda like a |
| 492 | 01:22:16,770 --> 01:22:32,970 | hologram. Okay. The hologram how I'm going into a scientific? Well, it's good. A hologram is an image that's formed with a capacity that allows for some things |
| 493 | 01:22:32,970 --> 01:22:44,100 | taken from it, and you'll still you'll still see it, you might lose a little bit of resolution, but you can still see it versus only being able to see black and |
| 494 | 01:22:44,100 --> 01:22:54,360 | white binary only. That's not what this is. Because you're gonna be able to see more than just one setup, which makes you much more effective. As a trader. See, |
| 495 | 01:22:54,360 --> 01:23:03,240 | if you're following on logic, like most retail things are, you're looking for this one pattern. You're looking for this one set up an indicator. When it's |
| 496 | 01:23:03,240 --> 01:23:08,820 | oversold, you're trying to buy when it's overbought, you're trying to sell short, if the moving averages are pointing down, you're trying to go short when |
| 497 | 01:23:08,820 --> 01:23:21,000 | an overbought reading happens in your indicator that really confirms that it's probably time to sell by that logic. Once that pans out. And see the market |
| 498 | 01:23:21,000 --> 01:23:29,550 | starts to drop a little bit and it leaves the overbought condition and you're between overbought oversold, you're in an area where hey, you know, you're |
| 499 | 01:23:29,550 --> 01:23:40,170 | between setups. That was one of the frustrating things I had when I was using retail stuff. And you're fumbling only when the market was going parabolically |
| 500 | 01:23:40,170 --> 01:23:49,500 | up. I felt that it was working because only we only use a 50 day moving average on the daily chart for my bias it was if it was sloping up, I want to focus on |
| 501 | 01:23:49,500 --> 01:23:59,370 | being long. And then I used an hourly Stochastics, slow stochastics and I look for type one bullish divergence, which is the classic lower low in price and a |
| 502 | 01:23:59,370 --> 01:24:11,760 | higher low in stochastics while it's oversold. Once the KND crossed on the stochastic, that line, once that occurred, then I would go into next day, and I |
| 503 | 01:24:11,760 --> 01:24:21,780 | would buy strength at the open. And that's how I was trading. That was me I was it. There was nothing to it more than that. Now, I was teaching people like I |
| 504 | 01:24:21,780 --> 01:24:32,400 | had figured out, you know how to world how to end world hunger, you know, this, fix everything. And some of my students back from the 90s on America Online are |
| 505 | 01:24:32,400 --> 01:24:47,850 | actually still in this community here. Hi, Ray. And Steve, Michael Garner. The folks that have watched me evolve as a as a educator, as a mentor. Know full |
| 506 | 01:24:47,850 --> 01:24:57,810 | well the difference between today and how it was when I was just discovering how money can be made. But I can tell you as a 50 year old looking back at those |
| 507 | 01:24:57,810 --> 01:25:10,680 | instances, I really didn't know anything, like I didn't know anything, and I translated market success on just a whim. It just happened. Okay, it was |
| 508 | 01:25:10,680 --> 01:25:17,820 | coincidence that happened to be long in a time when the market was going up. And I didn't understand that it was going up because there was no way for it to do |
| 509 | 01:25:17,820 --> 01:25:26,430 | anything but that at the time, everything was in a commercial bull market. It was his parabolic, everything was just straight up. So anybody buying anything, |
| 510 | 01:25:27,510 --> 01:25:36,150 | could have made money then. And that, to me, looking back was very painful as a young man, because I was wanting it so badly to be skilled when it was just |
| 511 | 01:25:36,180 --> 01:25:49,860 | happenstance. Whereas now I can, I can talk to you in wisdom, and know that that was not wisdom, then that was pure and absolute luck. Whereas now today, I have |
| 512 | 01:25:49,860 --> 01:25:58,290 | something that's measurable, it's transferable, and other people are doing it, you know, and they're making real money with it not just Market Replay or paper |
| 513 | 01:25:58,290 --> 01:26:09,450 | trading, or demo, they're really realizing profitable results. And they're, they're handling that and spending it and doing whatever they want to do with it |
| 514 | 01:26:09,450 --> 01:26:22,860 | as they should. But as a retail trader, if you're focused on whatever it is that they're teaching with retail, once that trade scenario starts, they train you to |
| 515 | 01:26:22,860 --> 01:26:32,100 | do what? Well, if you didn't take the trade, let it go, and wait for the next trade setup. Well, what if it means that you have to wait for that crossing of |
| 516 | 01:26:32,100 --> 01:26:39,390 | the moving averages and they gotta be sloping down, then you gotta wait for another overbought scenario to go short. That's a whole lot of waste of fucking |
| 517 | 01:26:39,390 --> 01:26:54,840 | time for me, like I couldn't tolerate that. So one of the things that became a transition for me out of retail stuff, is that even though if I was thinking |
| 518 | 01:26:54,870 --> 01:27:02,820 | that the market was bearish, whatever market I was trading in, I was using a 50 day moving average, to give me my bias. And then on the lower timeframes four |
| 519 | 01:27:02,820 --> 01:27:15,150 | hour in one hour, I would use a 10 and 20 Moving Average, exponential moving average. And if they were both pointing down, and stacking numbers, they're |
| 520 | 01:27:15,150 --> 01:27:25,080 | separating and pointing down both directions. If the daily at a 50 day moving average, it was going down too. That to me, was a very, very strong bearish |
| 521 | 01:27:25,080 --> 01:27:36,840 | bias. Then, if I waited for an hourly overbought, that would get me in sync with a move that had already happened on a higher timeframe. Were other traders, that |
| 522 | 01:27:36,840 --> 01:27:46,950 | using that logic wouldn't even consider it. So what did I start doing without really knowing when I was dealing, I was taking the fractal nature of price. And |
| 523 | 01:27:46,950 --> 01:27:57,720 | breaking down a larger move into smaller moves that repeat the same way. So some of you are in here listening to me and you don't trade like I do, you have a lot |
| 524 | 01:27:57,720 --> 01:28:05,490 | of retail indicators, and you have logic that are found in books, and you still make money. God bless you. I'm not saying anything about you not being able to |
| 525 | 01:28:05,490 --> 01:28:14,400 | make money, I'm just saying the things I'm going to show you about price are going to help you ferret out the winners in your system right now. And you're |
| 526 | 01:28:14,400 --> 01:28:23,610 | going to understand why they're winning. And you're going to understand how your system is losing when it does and how you can reduce that effect. And minimize |
| 527 | 01:28:23,610 --> 01:28:33,120 | it, which is again, all I'm trying to do is help you. There's no sales pitch. Okay? I'm doing this because I love doing it. I love teaching, I love sharing |
| 528 | 01:28:33,120 --> 01:28:44,520 | this stuff with you. I love seeing you run with it and do well with it. And it motivates me It keeps me going. It's my entire life. Okay, but if I can drop |
| 529 | 01:28:44,520 --> 01:28:59,730 | down into a bearish model like that using any other retail logic, it started this whole mindset, okay, if I am really thinking that this is the only time |
| 530 | 01:28:59,730 --> 01:29:13,500 | trades are occurring when this retail trader model is saying it's a sell what's going on when the indicator that I'm using for overbought, oversold, who's |
| 531 | 01:29:13,500 --> 01:29:25,050 | buying and selling when it's in between overbought and oversold. So I started mining that going in there and studying price action in those periods. And then |
| 532 | 01:29:25,050 --> 01:29:32,070 | I discovered that between overbought and oversold. There was these little micro gaps, |
| 533 | 01:29:33,540 --> 01:29:44,340 | purvey gaps, that's where I got the whole term. That's why I gave you the logic and taught you that okay. In between the best entry and the exit of the best |
| 534 | 01:29:44,340 --> 01:29:54,990 | case scenario. Your mindset should be thinking, okay, the market is going to be reaching for something. And then the retail model was once it gets oversold, in |
| 535 | 01:29:54,990 --> 01:30:02,280 | diverges bullish like that was my exit strategy once I became a trader that could sell short with took a very long time because it didn't make any sense for |
| 536 | 01:30:02,280 --> 01:30:16,560 | me to be able to sell something I don't have short selling was weird to me. But my, my counter trade, or the way I would kill a trait is, if I'm short, I would |
| 537 | 01:30:16,560 --> 01:30:27,000 | use a divergence that would be bearish. And then I would look for price to go lower the next trading day. At the opening, I would look for a price below the |
| 538 | 01:30:27,000 --> 01:30:37,140 | opening price. And then boom, once it traded down to that price, the weakness of going below the opening price would get me in. And then I would do two times |
| 539 | 01:30:37,140 --> 01:30:45,360 | whatever the highest high from the entry point, whatever that mound of movement would be. That's where my stop loss would be. That's how I did it when I was |
| 540 | 01:30:45,360 --> 01:30:54,060 | trading with the job when I was going around filling vending machines driving all around Baltimore, in and out of places all the time. Using a quote track |
| 541 | 01:30:54,060 --> 01:31:04,500 | machine, little like a transistor radio duct tape to my work truck windshield. Chart books when piled up next to me in my lunchbox. I was a craziest looking |
| 542 | 01:31:04,500 --> 01:31:11,190 | freak like me, I'm running around, I got charged rolled up in my back pocket. And I got caught right next to me while I'm filling candy machines up. Okay, and |
| 543 | 01:31:11,190 --> 01:31:20,640 | putting candy bar you know when you go to a hospital, but you can't get candy bar for $1 now, but back when I was doing it, it was 45 cents a candy bar 50 |
| 544 | 01:31:20,640 --> 01:31:29,370 | cents a candy bar 50 cents where it came soda. So I'm filling this in machine, and I got my coat check laying in the empty column that hadn't put twigs in, or |
| 545 | 01:31:29,370 --> 01:31:38,520 | Hershey bars in or potato chips in. Okay, so I'm watching price, and I'm looking at okay. All right, it should be filming right now. Well, my stop order, I |
| 546 | 01:31:38,520 --> 01:31:49,440 | should be fast should be short right now on soybeans. So you don't have to be in here watching Real Time Data. You don't have to be day trading, if you're going |
| 547 | 01:31:49,440 --> 01:31:55,590 | to learn how to do this. And you know that you can't be an intraday trader and you need to trade on higher timeframe trading, trading ideas, I'm going to teach |
| 548 | 01:31:55,590 --> 01:32:07,350 | how to do that this year too. But back to the the development of fair value gaps. When I was looking at the range between a price run that would be bearish. |
| 549 | 01:32:08,130 --> 01:32:19,020 | Between the actual entry that would be ideal, I may or may not been able to participate in that move. And that was a very great deal of stress and anxiety |
| 550 | 01:32:19,140 --> 01:32:28,830 | and frustration for me because if I miss something, if I didn't have the the prowl was to observe it before it formed, and then it started breaking down, I |
| 551 | 01:32:28,830 --> 01:32:37,770 | would feel like once it starts moving, and you probably feel this the same way when you see me talk about a move, or I've highlighted certain things, or maybe |
| 552 | 01:32:38,070 --> 01:32:44,730 | you just found it on your own and there's nothing wrong with that's great. The market starts to move, you know where it's likely to go, you know, what it's |
| 553 | 01:32:44,730 --> 01:32:50,970 | reaching for it is equal high, there's a single high up there, or it's going to a fair value gap that's above the marketplace, you know, in your heart of |
| 554 | 01:32:50,970 --> 01:32:59,280 | hearts, in your gut, you know exactly that son of a bitch is going right up there. But it's already started moving. So what do you do? plunge in here with a |
| 555 | 01:32:59,280 --> 01:33:09,150 | demo, buy it right there. Or sell it if you think it's going down. But then what happens is you're now in your mind, you're saying, I don't care if it comes down |
| 556 | 01:33:09,150 --> 01:33:19,140 | against me, because it's a demo can't hurt me. But if it goes up there, okay, I was right. Look at that. Video game trading. What are you teaching yourself? |
| 557 | 01:33:21,570 --> 01:33:30,480 | Don't worry about the loss because it can't hurt you because you're in a demo. But feel good about the transaction if it goes up there, because you're right. |
| 558 | 01:33:32,640 --> 01:33:42,540 | And I'll stop and think about that for a second, folks. You're doing everything wrong. You're teaching yourself not to respect the risk. That's the paramount |
| 559 | 01:33:42,690 --> 01:33:49,140 | issue. When you go into trading, you have to have a stop, you have to know why you're putting a stop there. And how much are you risking? Some of you are just |
| 560 | 01:33:49,140 --> 01:33:58,260 | doing simple average 50 contracts or 50. Lots on your trades on trading gold, you're not trading near 50 contracts that go and you're not adding every time it |
| 561 | 01:33:58,260 --> 01:34:09,900 | goes up two points. You see the empty for guys that they got 30 trades of the same market and their only difference in price entry is one or two points. And |
| 562 | 01:34:09,900 --> 01:34:20,460 | they're showing you their 50,000 or 60,000 $70,000 wins, all stacked up. I had never liked a post like that. You didn't take that trade. That's not a real |
| 563 | 01:34:20,460 --> 01:34:32,430 | trade. That's just you seeing what will happen if you did that. And you're you're getting drunk on math. And that's dumb. When you're looking at a market |
| 564 | 01:34:32,430 --> 01:34:41,640 | move that you think is going to go to a specific price level and it's already started. You wait for a smaller timeframe, fair value, when it trades them into |
| 565 | 01:34:41,640 --> 01:34:52,830 | that then you can engage it when it starts running. Observe it from that point on but you have to know where the stop loss will be. And that is below the fair |
| 566 | 01:34:52,830 --> 01:35:03,360 | value gap. So when I started breaking down the market like that, and it's okay, soybean started taking off and missed the move live cattle. These are all |
| 567 | 01:35:03,360 --> 01:35:08,460 | commodity markets. By the way, you're probably thinking What the hell's he talking about? So we've been some live cattle. I was a commodity trader when I |
| 568 | 01:35:08,460 --> 01:35:19,980 | first started. So when I started the trade in the bond market, the 30 year treasury bond, and when I was trading the s&p futures contract, I would see |
| 569 | 01:35:19,980 --> 01:35:30,540 | these movements after the fact sometimes. And I would feel like I got a rush to get in there, and I missed it, I missed it. So my focus took me into studying |
| 570 | 01:35:30,540 --> 01:35:40,920 | how I can engage a move that already started. Because my, my tendency is telling me something that you can't do, and I'll find you a dozen fucking ways where I |
| 571 | 01:35:40,920 --> 01:35:50,790 | can do it better than you could ever imagine. Because I have a chip on my shoulder, and obsessively compulsive, and a grandmother that no longer lives |
| 572 | 01:35:50,790 --> 01:36:00,630 | anymore. told me something that scarred me, said I was lazy. When I wasn't lazy. I was fucking tired. And she was expecting me to do something that was beyond my |
| 573 | 01:36:00,660 --> 01:36:17,370 | capability as a 11 year old kid. So when I had her tell me, I was lazy, honey, you're lazy. I was like you said, what? So that's why you see me work, the way I |
| 574 | 01:36:17,370 --> 01:36:30,240 | do. My work ethic in everything I fucking do, is off the charts. I always over deliver, I always do that. Because nobody's saying I'm fucking lazy. I can tell |
| 575 | 01:36:30,240 --> 01:36:43,710 | you, your your lazy. I can say that to you. Because if you're not putting in hours each week, if you're not making dozens of pages of notes each week, not |
| 576 | 01:36:43,710 --> 01:36:51,240 | five little lines on a page and scribble and say, Oh, I did the work. Here's my notes. That's fucking bullshit. That's comic strips. Okay, that's what that is, |
| 577 | 01:36:51,270 --> 01:36:58,440 | you're wasting time. People that want to learn how to do this, they're going to pour themselves into this. And they're going to get what they're looking for and |
| 578 | 01:36:58,440 --> 01:37:15,660 | find more than they were looking for. So I had to go in and figure out how to compensate and build and develop a coping skill for this fear of missing out. So |
| 579 | 01:37:15,660 --> 01:37:24,240 | you have no idea what the fuck you're doing. But you want to go inherent with a funded account or live account and try to make something happen. Ignoring the |
| 580 | 01:37:24,240 --> 01:37:38,520 | risks, not really understanding the detrimental barriers, obstacles and possibilities that you're, you're building these walls in front of you, by doing |
| 581 | 01:37:38,520 --> 01:37:46,470 | it incorrectly, they're going to weigh on you heavily mentally, you're going to see them as they're just too much for me to get through. Because you're doing it |
| 582 | 01:37:46,470 --> 01:37:56,460 | wrong. So I'm not saying I'm smart, okay. A lot of prayer went into this a lot of prayer. And you can be an atheist, you can believe whatever you want to |
| 583 | 01:37:56,460 --> 01:38:05,490 | believe. I'm telling you. This is how I got here. When I looked at moves, and I couldn't get myself to accept the fact that I wasn't smart enough in my early |
| 584 | 01:38:05,490 --> 01:38:15,660 | days to see that move before it started. And had a big down day. I knew at that moment, it's going to go down to this level here on the daily chart, or up here |
| 585 | 01:38:15,660 --> 01:38:28,200 | above some old high daily chart in deference to the bias and I was bullish or bearish. So I wanted to find a way to build a coping mechanism. That would make |
| 586 | 01:38:28,200 --> 01:38:37,560 | sense for me, because nobody in books, none of the books I got are 2000 of them. Courses, everything I bought everything you can put your fucking hands on. If it |
| 587 | 01:38:37,560 --> 01:38:49,890 | was released in the 90s in the early 2000s. In 2006, like that was the last time I bought anything. And it was always the same bullshit. In the things that I |
| 588 | 01:38:49,890 --> 01:39:07,170 | teach on none of these jokers talk about precision elements time where to get in, why your stop loss should be where it's at. Everything you learn in retail |
| 589 | 01:39:07,500 --> 01:39:20,010 | is stopped below the old swing low. If you're long stop above the old swing high if you're short. And it's all directly related to the percent of risk that |
| 590 | 01:39:20,010 --> 01:39:29,820 | you're willing to take as a trader, which is the universal 2%. Everything about that's wrong. Everything about that shit is wrong. |
| 591 | 01:39:31,140 --> 01:39:38,880 | And you're doing it thinking that you're going to be the exception to the rule. And then you can go on social media and say, I climbed a mountain. That's it. |
| 592 | 01:39:38,910 --> 01:39:49,140 | I'm putting my flag here at the top of the mountain and no one's ever done it like me. When you don't realize what you're learning is misinformation. You have |
| 593 | 01:39:49,140 --> 01:39:57,750 | so many factors against you doing that shit. But it doesn't feel that way because you bought the book. You paid for the book. You took the time to read |
| 594 | 01:39:57,750 --> 01:40:09,210 | that book. You have now joined the religious cult, you think I'm a cult leader. That's a cult. Retail theory is a cult. It keeps doing the wrong shit that you |
| 595 | 01:40:09,210 --> 01:40:16,230 | all keep sipping the Kool Aid thinking you're going to be able to get something out of that you're getting the same shit. The same bullshit, everybody else gets |
| 596 | 01:40:16,350 --> 01:40:26,310 | losses, drawdown blown accounts, and misery and regret because you are falling in love with the market, and in a potential experience to change the course of |
| 597 | 01:40:26,310 --> 01:40:37,380 | your life. But you can't make it work with the shit that you're trying to spend money on. The smart ones say fuck this early and say I can't do this and you |
| 598 | 01:40:37,380 --> 01:40:48,930 | know, ever investing more money in the retail stuff. And they just say that nobody's making money. It's not true. But largely, it's true. So I had to go in |
| 599 | 01:40:49,290 --> 01:41:00,210 | between the overbought and oversold conditions with my retail bullshit that I was trying to use. And I come up with ways how I could go in and engage in once |
| 600 | 01:41:00,210 --> 01:41:14,010 | I was made privy to how markets are really booked in met with real market makers, not Goldman Sachs people, okay? None of that shit, not trade desk |
| 601 | 01:41:14,040 --> 01:41:24,810 | managers that are controlling the flow for their customer base. That's not a market maker, you're a dealer. Okay. That's all you are, you are not making the |
| 602 | 01:41:24,810 --> 01:41:38,100 | price. You can engage and transact in that price feed at that very moment. But you are not fucking making the market. When you discover how all this shit is |
| 603 | 01:41:38,100 --> 01:41:50,010 | rigged, and it's designed to do the certain things, at certain times of the day to deliver a certain high or low, it changes everything. It changes everything. |
| 604 | 01:41:52,950 --> 01:42:05,970 | You quickly put aside the very shit that they're poisoning everybody else with all the misinformation, all the bullshit. And you focus on the stuff that |
| 605 | 01:42:06,270 --> 01:42:17,100 | matters most, where's the truth and all this stuff? If it's overbought, oversold, then that's what causes the markets go up and down. If it's supply and |
| 606 | 01:42:17,100 --> 01:42:25,860 | demand, and that causes market go up and down, then why the hell is it that that shit isn't making millionaires every single time someone sits down with it? Why |
| 607 | 01:42:25,860 --> 01:42:45,780 | are they all finding success? Why are they finding precision, but not because it has a resemblance. It resembles something that they saw work in a book. And when |
| 608 | 01:42:45,780 --> 01:42:55,470 | I bought all these books, and I bought all these courses, and I subscribed and bowed my head down to all these gurus, I was a young man too. And I believe |
| 609 | 01:42:55,470 --> 01:43:06,210 | there's people out there that should have been worshipped. This should have been lifted up and held above everyone else. Heroes, Titans. There is none. I'm not |
| 610 | 01:43:06,210 --> 01:43:16,680 | one of them. And your friend and family member on fucking social media that you think is grown to be into the some hero level shit. They're all people just like |
| 611 | 01:43:16,710 --> 01:43:28,500 | you and I. And the more they show the shit in hindsight, and they can't teach it and prove that it can be transferable knowledge with precision based elements |
| 612 | 01:43:28,530 --> 01:43:40,110 | with time. Then it's all just retail. And retail is just a catalyst. A good money manager can make money with retail. The good money manager can make money |
| 613 | 01:43:40,530 --> 01:43:54,120 | with a heads or tails flip of a coin I didn't want to be like that. I wanted to be someone that knew exactly what the hell they're doing, why they're doing it |
| 614 | 01:43:54,180 --> 01:44:02,280 | and if I'm wrong, I'm okay with being wrong if I understand why I was wrong, but when I was using retail shit, it never made sense why my trade when it would |
| 615 | 01:44:02,280 --> 01:44:11,940 | fail? I got stopped out why the fuck did this happen? Though stochastics was coming down the moving averages and all the timeframes were going down. I had a |
| 616 | 01:44:11,940 --> 01:44:23,760 | fucking bear flag. Everything was going lower in the people on CNBC was FNN back then financial news network shit different new. They're talking about oh, yeah, |
| 617 | 01:44:23,760 --> 01:44:32,790 | the markets gonna go you know, there's there's a there's a bumper crop of soybeans, which means there's a lot more supply, so therefore the price |
| 618 | 01:44:32,820 --> 01:44:44,550 | shouldn't go higher. So I'm going short. I got everything in my favor. Right. I got the fundamentals. There's a bumper crop. So that means a whole lot of |
| 619 | 01:44:44,550 --> 01:44:51,600 | soybeans are hitting the market. There's no reason for it to go up. And here I am. I'm going short. I'm in there. It's already diverged. Seriously, it's moving |
| 620 | 01:44:51,600 --> 01:45:01,470 | down. All the moving averages are sloping down. Everything looks fucking great. I'm looking to make 50 cents on this move. And what the fuck happens? goes up 18 |
| 621 | 01:45:01,470 --> 01:45:15,240 | Fucking cents in the same day. Now, how do you rationales a response to that? That makes sense that's palatable. You don't you put your fucking fist through |
| 622 | 01:45:15,240 --> 01:45:24,480 | fucking monitor like I did pick the fucking broken mechanism that was still resembling a monitor and throw across the fucking room. That's how I coped with |
| 623 | 01:45:24,480 --> 01:45:36,360 | it. That's exactly how I coped with it. And I went through a lot of monitors, a lot of monitors like that. I wasn't prepared to have multiple honors back then. |
| 624 | 01:45:36,450 --> 01:45:46,650 | I have a lot of monitors now. But if I didn't know how to trade, it would be very, very costly for me to have that coping skill today. So I had to go in and |
| 625 | 01:45:46,650 --> 01:45:56,490 | figure out why I'm doing what I'm doing. And if I'm wrong, I'm okay with being wrong because I understand. I'm wrong. The markets, right? I'm wrong. The |
| 626 | 01:45:56,490 --> 01:46:08,100 | markets, right. So I have to do what I have to align myself with the market. Not align myself with the Guru's logic, I got to align myself with an indicator fuck |
| 627 | 01:46:08,130 --> 01:46:15,600 | I do, I don't need to do that. I need to align myself with open high, low and closed. That's what I'm aligning with. That's why my charts are naked. That's |
| 628 | 01:46:15,600 --> 01:46:26,880 | why I'm showing you only annotations to take your attention to a very specific element about a candle. A level, not a fucking zone. Okay? When I'm talking |
| 629 | 01:46:26,880 --> 01:46:33,510 | about a fair value, at what levels am I talking about the highest point of the pyramid, I get the exact middle of the fair value gap. And the low the fair guy |
| 630 | 01:46:33,510 --> 01:46:43,350 | again, that's three finite levels. It's not his own. I'm not going to him pull one out, I asked and say, Well, you know, we're gonna do a supply zone here or |
| 631 | 01:46:43,350 --> 01:46:50,490 | demand zone here and we're aware you're going to buy in that Where are you going to sell in that? That's why it's a fallacy so bullshit, it leaves enough |
| 632 | 01:46:50,520 --> 01:46:58,110 | subjectivity so that way they can always go back and say look at this don't look at react in the zone. Fuck that. I'm telling you a very specific level Fuck |
| 633 | 01:46:58,110 --> 01:47:06,360 | everything else. Everything else is bullshit. I'm telling you exactly when these gaps should not fill. So that means what level should be focused on the high end |
| 634 | 01:47:06,360 --> 01:47:18,930 | of it or the low end? Not the middle not the opposing end of it. See a difference there? That took decades to get that that took decades to know with |
| 635 | 01:47:18,930 --> 01:47:33,750 | confidence that I'm going to be able to take this trade enter here my stop loss should be right here laser precise. My prayer and that still quiet voice taught |
| 636 | 01:47:33,750 --> 01:47:56,730 | me that when nobody not like what you're hearing here, a foul mouth. Manik I had nobody sitting next to me encouraged me along. And I had to become a fiend and |
| 637 | 01:47:56,730 --> 01:48:15,870 | dismiss everything on everyone around me. Relationships, friends, hobbies, all of that. I cast that aside. In all of my waking consciousness was poured into |
| 638 | 01:48:15,870 --> 01:48:26,250 | this while driving a truck with my left foot laying up on the steering wheel steering while I'm eating a cup of fucking noodles. I'm looking at a Chartbook |
| 639 | 01:48:26,250 --> 01:48:40,170 | going across the Key Bridge. Is that safe? Nope. But I was down to fucking high winds could have pushed me into the dirty wall part of the bridge and it causes |
| 640 | 01:48:40,170 --> 01:48:56,430 | all kinds of accidents. That's how recklessly I was pouring myself into this all day long. All day long. Sleeping sometimes three hours maybe. And getting out |
| 641 | 01:48:56,430 --> 01:49:05,460 | and doing the same thing on Saturday, driving down to Fayette street to a nursing home to fill their vending machines from my car. My Eagle Talon TSI all |
| 642 | 01:49:05,460 --> 01:49:17,880 | wheel drive white car. I've always preferred one. Good on their service that whole time. The markets aren't trading. But I've got chart books laying in front |
| 643 | 01:49:17,880 --> 01:49:27,000 | of me in the machines as I'm putting candy bars in there. I'm pouring myself into it. Maniac that was how it was. |
| 644 | 01:49:29,220 --> 01:49:38,970 | And you have to have that same tenacity. You have to know that you're going to do this no matter what. Anybody that is around you is telling you negative shit |
| 645 | 01:49:38,970 --> 01:49:48,090 | that you can't do this. You shouldn't do this. You're wasting your time. Fuck them. Fuck them. Fuck them. Because I'm gonna tell you every one of my fucking |
| 646 | 01:49:48,090 --> 01:49:54,600 | friends when I first started doing this shit, they said you're crazy. You're gonna lose your ass. I lost my first account and second account and third |
| 647 | 01:49:54,600 --> 01:50:06,180 | account. I did. But you're listening to me now. You're seeing all these other people that do what I'm teaching. And they're making money. You're seeing your |
| 648 | 01:50:06,180 --> 01:50:15,600 | charts, paint, just like how I taught you, it would my friends and family said I was gonna fail. They said this was never going to work, I would never figure |
| 649 | 01:50:15,600 --> 01:50:26,790 | this out, it would always be a gamble, it would never be a way for you to be able to time the market, you can't do it. I'm taking you live in the one minute |
| 650 | 01:50:26,790 --> 01:50:40,110 | candles. And I'm telling you exactly what the fuck it's doing before it happens perfectly. I was not going to fail. I was not going to be talked out of this. I |
| 651 | 01:50:40,110 --> 01:50:47,580 | was not going to be influenced negatively to the point where I would admit failure and go and run off into my life and do whatever the fuck I was going to |
| 652 | 01:50:47,580 --> 01:51:04,800 | be doing. Fuck that. I have lived this November 5 1990 to 9pm on a Thursday night. In Chase, Maryland. That's where I was when inner circle trader was born. |
| 653 | 01:51:05,040 --> 01:51:21,360 | That's the birthday. I came into this world on August 8 1972 7:11pm. That was my actual birth date. But inner circle trader was born November 5 1992, at 9pm on a |
| 654 | 01:51:21,360 --> 01:51:35,790 | Thursday evening. In the family room of my aunt and uncle's house, I was paying one board $50 a week. That day, I remember it. And I was so excited. I'm so |
| 655 | 01:51:35,790 --> 01:51:51,420 | excited. I'm going to make $1,000 a month, and I'm going to retire at 40. That was how I started this whole journey. That was my plan. In it morphed and |
| 656 | 01:51:51,420 --> 01:52:06,930 | evolved and became a obsession. And I said many times, maybe this isn't for me when I was losing my accounts, not knowing how to trade initially, as a 22 year |
| 657 | 01:52:06,930 --> 01:52:18,300 | old, I just was trying too hard due to fast overtrading not understanding risk management, trusting the patterns more than understanding the character flaws |
| 658 | 01:52:18,300 --> 01:52:28,320 | that I was bringing to it, which is I demand precision. I demand immediate response in price. I wanted to do what I wanted to do and I wanted to do it |
| 659 | 01:52:28,320 --> 01:52:40,440 | faster than I wanted to expect it before I put the trade on there all unrealistic expectations, especially for someone that had no experience. So over |
| 660 | 01:52:40,740 --> 01:52:53,220 | years of losing blood, my count working really hard. During part time job, only on the one single day of the week, which was Sunday, I was delivering pizza on |
| 661 | 01:52:53,220 --> 01:53:08,760 | Sundays because my vending job wasn't paying me enough. I made $183 after taxes in my check, and my boss pay me on the table $50 a month. Now think about that. |
| 662 | 01:53:10,350 --> 01:53:33,360 | 183 hours a week, and 50 ones. And they're trying to sell a book for $30 that there was a lot of money to me. So on Sunday, I'll go down to Middle River, with |
| 663 | 01:53:33,360 --> 01:53:43,200 | my Domino's uniform on, grab my sign, put it on top of my car and go out there and do magic tricks for kids at the door when I got their pizza handed off to |
| 664 | 01:53:43,200 --> 01:53:52,560 | him. I had my little magic trick real quick with a cube was there a boom and that would give me a tip. And sometimes I would make $5 a house. And that is how |
| 665 | 01:53:52,560 --> 01:54:02,070 | I funded all of my balloon accounts. Because I made a mistake of doing a nation's bank and we didn't nation's bank doesn't exist anymore. But I took 26 |
| 666 | 01:54:02,070 --> 01:54:13,650 | hours off the nation's bank credit card. That was my first Soiree and real training now worked really hard to pay that off and did it again funded another |
| 667 | 01:54:13,650 --> 01:54:29,220 | account with $2,600. So it wasn't easy for me. We didn't have funded accounts back then. And frankly, that wasn't enough money to trade with. Looking back now |
| 668 | 01:54:29,250 --> 01:54:43,440 | it was like No wonder it was so easy for me to fail them. I wasn't properly funded. I had too little money. No no experience. Off The Charts. Expectations. |
| 669 | 01:54:43,500 --> 01:54:44,640 | unrealistic expectations. |
| 670 | 01:54:49,980 --> 01:54:56,700 | Yeah, there's something you're thinking this was supposed to be a short one. Well, you know where it happens when I say it. You love it. Don't fucking act |
| 671 | 01:54:56,700 --> 01:55:08,670 | like you don't I had to pour into these areas that were weaknesses for me, because they would be periods of where it would invite impulsiveness. When a |
| 672 | 01:55:08,670 --> 01:55:16,830 | move starts happening, then I can see right away what it's going to do. My mind would feel like I gotta quit trying to do something, I got to chase it right |
| 673 | 01:55:16,830 --> 01:55:28,950 | now. And at times I did, it would hurt me. So I would study, and study and study and I would see these reoccurring things were these three candles, all the time |
| 674 | 01:55:28,950 --> 01:55:39,450 | kept popping up, it was always this thing in between the middle of the moves, the real move, the highest highs and lowest low of a price run. If you start |
| 675 | 01:55:39,450 --> 01:55:52,800 | looking at your old data, and anytime a crisis run, does that, find the 70% and 30% range. In that range, you're gonna see one or two fair value gaps. If you |
| 676 | 01:55:52,800 --> 01:56:00,960 | trade with them, what I'm telling you how to trade with when you see them, that's not chasing a move, that's not chasing price, you're engaging in |
| 677 | 01:56:00,960 --> 01:56:12,900 | something that's going to deliver on a larger scale, on a higher timeframe price run. And then when I slowly transitioned out of trying to pick the high for |
| 678 | 01:56:12,900 --> 01:56:25,680 | going short, and pick the low for going long. It was very liberating for me, because I demanded precision. And I hadn't grown into that yet. I grew into that |
| 679 | 01:56:25,740 --> 01:56:37,770 | over the years of doing it. But I found the confidence and the ability to stay with it by trading the stuff in the middle of the moves. That meat on the bone. |
| 680 | 01:56:39,150 --> 01:56:51,810 | Now, I can strip a bone and the end and get every little piece out of it. Because I'm nuts with this. But you can't look at what I'm doing now and think |
| 681 | 01:56:51,810 --> 01:56:58,410 | that's realistic, because that's the same shit I fell victim to when I first started reading books from people that didn't do anything, couldn't do it live |
| 682 | 01:56:58,410 --> 01:57:07,380 | if they weren't in front of you. They're showing you everything perfect in the static charts after it happened. I'm not doing that with you. I'm doing it right |
| 683 | 01:57:07,410 --> 01:57:17,100 | when it's happening. I'm calling it before it happens. I'm showing you look here and it goes there. If I'm pointing above, your mind should be okay. We're here. |
| 684 | 01:57:17,580 --> 01:57:27,990 | That market price he's pointing up there. So my mind should be How does price deliver from where it is right now when he put that tweet out to where it goes |
| 685 | 01:57:27,990 --> 01:57:41,970 | to that level? What? What formulation of up down up down type movement in price candles materializes. By studying that even an old data that's back testing, |
| 686 | 01:57:42,240 --> 01:57:54,960 | okay? You'll see these reoccurring signatures, signatures are things that repeat in price delivery, that are not coincidence, they're designed. It's because it's |
| 687 | 01:57:54,960 --> 01:58:06,600 | being controlled. This whole idea of being in at the highest high and lowest low when you're trying to sell short and buying long, you need to put that aside for |
| 688 | 01:58:06,600 --> 01:58:19,050 | right now. That model that I taught in 2022. Notice it didn't teach you to get the actual high when you're going short. With that I take away from you the |
| 689 | 01:58:19,050 --> 01:58:29,790 | necessity of being right? How do you know when an equal height is going to be broken out? It's going to continue? Or if it's going to go above a relatively |
| 690 | 01:58:29,790 --> 01:58:40,920 | equal high, and then a shift a microstructure and then goes lower. That's what that model teaches you. It teaches you don't fucking worry about it. You're |
| 691 | 01:58:40,920 --> 01:58:50,790 | expecting the market to do what expand one direction or the other. Based on a weekly chart, what's the weekly chart likely to be reaching for? What does that |
| 692 | 01:58:50,790 --> 01:59:00,450 | mean? The same logic we're talking about in any timeframe? Is it drawing up to an old high or equal highs? Or is it going up into a fair value gap that hasn't |
| 693 | 01:59:00,450 --> 01:59:11,940 | reached up into? Or is it more likely to go down below Oh level relative equal lows on the weekly chart or down below into a inefficiency, which is a fair that |
| 694 | 01:59:11,940 --> 01:59:23,670 | you get on a weekly chart? So you have to figure out is it more likely for that weekly chart to expand not to close up or down? Is it more likely to have a |
| 695 | 01:59:23,670 --> 01:59:36,300 | movement expansion on that weekly candle up? Or is it more likely to go down? That right there sets the stage for the 80% bracket for you to be right for your |
| 696 | 01:59:36,300 --> 01:59:49,140 | trades. If you just operate like that, engage in your trades just like that. You won't have Max last days teaching to hear my haters now. Okay. That's where |
| 697 | 01:59:49,140 --> 01:59:55,590 | you're that's where you're blowing your shit. When you're doing your last change and you're blown out, you're going against that. And if you just would put your |
| 698 | 01:59:55,590 --> 02:00:09,330 | ego aside and just listen to me. You don't have to rip me. Just listen. Fix it To leave a better legacy for your kids. Once you identify that weekly bias on |
| 699 | 02:00:09,330 --> 02:00:18,120 | the weekly chart, is it more likely to have a big move up or a big move down, it can only happen as small as one session, like the big move for the week can |
| 700 | 02:00:18,120 --> 02:00:27,570 | happen just in the morning session one day. And that creates that movement or expansion in the weekly chart. It's done. You fulfilled your your buys for that |
| 701 | 02:00:27,570 --> 02:00:36,450 | week. But when folks hear me talk about this, they think when I'm talking like the weekly chart, I'm trying to predict the closing price of the weekly candle. |
| 702 | 02:00:36,480 --> 02:00:44,610 | That's not what I'm doing. I'm just looking for factors that would lend well to determining whether or not that weekly candle that we're forming right now. |
| 703 | 02:00:44,970 --> 02:00:54,060 | We're about to start later tonight for a new week. Is it likely to expand up? Or is it likely to expand down that right there is your 80% threshold that will |
| 704 | 02:00:54,060 --> 02:01:06,270 | give you the biggest edge in deciding on how you're going to trade going into the new week. But what if I'm wrong, okay. But what if you're right, and you |
| 705 | 02:01:06,270 --> 02:01:15,120 | follow the logic, it will reward you for being diligent about following the rules. If you're wrong, it won't matter because that doesn't mean it fails. It |
| 706 | 02:01:15,120 --> 02:01:21,630 | just means that transaction your opinion about what you thought you were going to see in the market didn't pan out that incident that time that interval that |
| 707 | 02:01:21,630 --> 02:01:32,970 | transaction, just like a flat tire going to work. Just like a cake you left in and just a little too long. Just like when you're in a drive thru, you're |
| 708 | 02:01:32,970 --> 02:01:43,380 | waiting 15 cars deep. You get up there pay your shit up the road. You go. Oh, shit, they didn't get my french fries. I'm already here home Fuck it. |
| 709 | 02:01:44,640 --> 02:01:53,400 | Inconvenience you lost something. You got to go back and eat there again. Sure is fucking right. You Are you absolutely are. But you're not going to do what |
| 710 | 02:01:53,430 --> 02:02:00,180 | you're not going to turn the car around, waste the gas and time go right back through there just to get your fucking french fries. You're not doing that. So |
| 711 | 02:02:00,180 --> 02:02:11,610 | when you do eat it that's just as an inconvenience. That's the white that's life. And this generation doesn't get taught to accept those types of things. |
| 712 | 02:02:11,610 --> 02:02:21,090 | And you're all coming into this with this millennial mindset. And you're all going nuts. Because you can't have it your fucking way here. You got to align |
| 713 | 02:02:21,090 --> 02:02:34,380 | yourself with with this, this market runs the show. And you have to align yourself with this expectation that's realistic. And it has to be uniquely |
| 714 | 02:02:34,380 --> 02:02:45,600 | yours. It can't be just because I say so. Not because I'm interested in that marker, that specific setup. I have lots of setups. And I might not be watching |
| 715 | 02:02:45,600 --> 02:02:54,600 | the chart at the time that you say oh, why didn't ICT look at this fair? Or why did he consider this down? Close candle is over. But I'm not looking at the |
| 716 | 02:02:54,600 --> 02:03:03,720 | setup. Like you're looking at it. Don't be discouraged by that. Because that might be the very model that is yours. And it just didn't give you a setup, then |
| 717 | 02:03:05,250 --> 02:03:15,870 | what does that mean? It didn't give you a fucking setup then can't lose money on that one. Right? But it moved so fucking what Bitcoin went up to I am it I don't |
| 718 | 02:03:15,870 --> 02:03:23,970 | give a fuck. I don't care. I know I'm going to catch moves this weekend, as I know I'm going to can you guarantee that you're gonna make moves and Bitcoin? |
| 719 | 02:03:27,630 --> 02:03:44,370 | Crickets. So you're all hoping it's a moon. I don't need a moon, you don't need a moon. You need consistently delivered setups every week. Not a hope and a |
| 720 | 02:03:44,370 --> 02:03:54,870 | prayer. So between the moves, the highest entry point, the lowest entry point, using retail logic, my mindset went to the middle of the move. That's the meat |
| 721 | 02:03:54,870 --> 02:04:03,060 | that's the biggest portion of longest duration of price movement is in the middle between the highest highs and lows low in any price run any timeframe |
| 722 | 02:04:03,090 --> 02:04:18,390 | studied. And when you see that fair value gap in their study it how many times? Does it close that gap entirely? And fill it in? How many times does it just go |
| 723 | 02:04:18,390 --> 02:04:27,900 | halfway? How many times is just go in at this a little bit for institutional record entry drill and then continue on? And how many here's here's the main |
| 724 | 02:04:27,900 --> 02:04:40,080 | thing. How many times does it go beyond the fair value gap that would stop you out? If you were in line with that? See, I've taught you how to focus on where |
| 725 | 02:04:40,080 --> 02:04:41,070 | the market is likely to go. |
| 726 | 02:04:43,140 --> 02:04:59,040 | If you got consistent that that the next stage of your development is where should you place a stop that is reasonable in terms of risk and range? That is a |
| 727 | 02:04:59,040 --> 02:05:11,250 | repeating process that doesn't deviate much. In short, where do you place your stop, that allows you to put a low risk, stop loss one, but you won't fear it |
| 728 | 02:05:11,250 --> 02:05:18,750 | being stopped out. But if it does get you stopped out, you don't care because you're probably dead wrong about the whole idea. And you would want to be out |
| 729 | 02:05:18,750 --> 02:05:32,010 | there anyway. Notice that is starkly different from that of a retail book that will say, if you're going along, just go back to the old swing low and put your |
| 730 | 02:05:32,010 --> 02:05:40,380 | stop loss on it, you know, I have so many books that talk that bullshit. If you do that, like if you're trading high grade copper, okay, high grade copper, |
| 731 | 02:05:40,440 --> 02:05:52,920 | every every cent move, and it's $250 per per cent move. It's like equivalent to having five minis on. On the s&p. That's what it's equivalent to. So if I'm |
| 732 | 02:05:52,920 --> 02:06:03,870 | looking at a chart example, there, Shane, you have to do this, I gotta have a $2,000, stop, per contract. Go fuck yourself, man. I'm not taking that trade. |
| 733 | 02:06:04,800 --> 02:06:13,080 | But now I can look at that same setup, break that down, go into a lower timeframe wait for market structure shift using 2020 model, wait for it to come |
| 734 | 02:06:13,080 --> 02:06:23,550 | back down to a fair value gap trade that put the stop loss below its fair value gap. And I'll use probably less than half of one cent move as a stop loss. See |
| 735 | 02:06:23,550 --> 02:06:36,420 | the difference there? wisdom, understanding. But none of the fucking books ever taught this. But it created and presented problems for me that I struggled with |
| 736 | 02:06:36,420 --> 02:06:47,760 | because I'm obsessively compulsive. So anytime an author admitted a weakness, they were treasures for me. Because I will not so much treasure but they're |
| 737 | 02:06:47,760 --> 02:06:54,330 | treasure hunts. Because if you're telling me you can't do something, tell me you can't do something I have respect for the fact that you've been honest about |
| 738 | 02:06:54,330 --> 02:07:03,990 | that. But I also used it as a pursuit to overcome you. You're at now you're my teacher, because I bought your fucking book about your course. But I'm going to |
| 739 | 02:07:04,050 --> 02:07:15,750 | lack you. I'm going to take whatever you have that works. And I'm going to turn it up tenfold. And I'm going to make it superhuman. Because if it works, I know |
| 740 | 02:07:15,750 --> 02:07:26,070 | how to multiply that. And I'm not talking about over leveraging multiple count, contract sizes or, or lots. If we're talking about forex, I'm talking about |
| 741 | 02:07:26,220 --> 02:07:39,180 | conceptually refining it down to a science. When I was going through school, my whole idea was to become a computer science major, and be an Information Systems |
| 742 | 02:07:39,210 --> 02:07:49,650 | Manager, where I wanted to be a systems analyst. I wanted programmers to work for me, I would tell them what I wanted to do. Code it this way, I want this as |
| 743 | 02:07:49,650 --> 02:08:01,080 | the outcome. We learn COBOL okay, it's not as active anymore. We had C ICs. When I was learning computer programming, we were using mainframe. Okay, the big real |
| 744 | 02:08:01,080 --> 02:08:13,200 | the real shit. Yeah. And C plus was just becoming a thing, just becoming a thing. So today, we have all kinds of languages that I could even sit down even |
| 745 | 02:08:13,200 --> 02:08:21,390 | begin to know, like, I don't know. And I haven't done it for so long. At anything for coding. Like when I have like easy language stuff for like |
| 746 | 02:08:21,390 --> 02:08:30,000 | TradeStation and a friend Logan, he does all that coding for me. He's done it for years for me. And I tell him, this is what I want this to do. This is what I |
| 747 | 02:08:30,000 --> 02:08:41,700 | want this to do. I want this to do this. I don't want it to do this. When this does this and there it was. Long term friend that I met, and he does all that |
| 748 | 02:08:41,700 --> 02:08:56,580 | work for me. But when I sat down and looked at the things that other people say they have a struggling point with. For instance, take Jack swaggers, books, |
| 749 | 02:08:57,510 --> 02:09:08,100 | Market Wizards, in my opinion, market was just wanting to they're the only ones that matter. The other shit. If you're listening, you're one of the people in |
| 750 | 02:09:08,100 --> 02:09:18,000 | the book, you know, it's not the decisions, but it's not to be disrespectful, but you. I just did enjoy annular volume in that series. The first and second |
| 751 | 02:09:18,000 --> 02:09:33,150 | one is great. What I liked most about those interviews is they talked about their barriers. They talked about what mattered to them, what was the things |
| 752 | 02:09:33,150 --> 02:09:41,160 | that were on their mind at the time when they were doing their trades or learning how to trade how they came up. They didn't talk about what Jack was |
| 753 | 02:09:41,160 --> 02:09:48,810 | trying to do. Most of the time. I'm sure we probably cut most of the shit that they talked about in their interviews out of micro books can be very, very long, |
| 754 | 02:09:48,810 --> 02:09:58,470 | right? But the things of importance to me would have been hearing how they dealt with certain struggles and what they did with it, did he discuss it aside and |
| 755 | 02:09:58,470 --> 02:10:05,790 | say fuck it, I'm gonna fail with that and We try to touch it or do they take in consideration that they could bring something to the table and elevate that |
| 756 | 02:10:05,790 --> 02:10:15,690 | struggling point to a strength for themselves and other people. Remember, I'm that guy that 11 years old was told by the grandmother, you're lazy, honey, |
| 757 | 02:10:15,780 --> 02:10:26,340 | you're lazy. I'm not fucking lazy. Give me a give me a thing to focus my attention on. And I'm going to find dozens of ways to do it exceedingly well. |
| 758 | 02:10:27,510 --> 02:10:39,630 | Because I want it to be easy for me. I want it to be second nature for me. And I'm trying to instill that on my young children. And it took time for me as a 20 |
| 759 | 02:10:39,630 --> 02:10:48,390 | year old to figure this out. And my older kids are still wrestle. They're still wrestling with me. And I'm Tom, trade this way, don't try to do these other |
| 760 | 02:10:48,390 --> 02:10:55,830 | things, Caleb looks at other things in the charts that don't matter right now, because he has attention issues. Okay, he looks at other things. And I'm trying |
| 761 | 02:10:55,830 --> 02:11:03,930 | to keep this attention right here, this right here. Okay, and I'm trying to include it. Also, when I'm doing my markups in my analysis. When I'm looking at |
| 762 | 02:11:03,930 --> 02:11:11,610 | the chart, I'm trying to highlight the actual portion of the fractal I'm only focused in. And I know some of you look at the chart, and you think just because |
| 763 | 02:11:11,610 --> 02:11:18,390 | I have all those candles on left hand side of the chart showing that they're pertinent to what it is I'm trading, they're not, there is a segment of price |
| 764 | 02:11:18,390 --> 02:11:26,370 | action I'm working within. And it's the dealing range. I'm either looking for that range to be broken to the upside and targeting external range liquidity, or |
| 765 | 02:11:26,370 --> 02:11:36,300 | I'm looking for to trade into a range above or below the existing range that's created. So that's all trading is that that's all it is, folks, and you're |
| 766 | 02:11:36,300 --> 02:11:45,630 | trying to make things much more complicated. And you accuse me of complicating things I'm not. But the problem is, is many of you want to go through a five |
| 767 | 02:11:45,630 --> 02:11:56,400 | minute video. And these explain everything in five minutes. And you can't do that no one can. No one can. There's so many things I've already covered in this |
| 768 | 02:11:56,400 --> 02:12:03,840 | discussion here that you probably never considered, like shit on there. Never thought about that. Right? And others in here, probably listen to saying This is |
| 769 | 02:12:03,840 --> 02:12:12,060 | bullshit, a waste of my time, and you're never gonna make any money. I'm promising you're not going to make any money. Because you're coming in with the |
| 770 | 02:12:12,060 --> 02:12:23,430 | same expectation that I had when I was 20. I want it easy. I want it spelled out exactly like this. I want to ABC 123 method that I know will work all the time. |
| 771 | 02:12:25,980 --> 02:12:35,760 | That's what I wanted as a 20 year old. That's exactly what I wanted. Because the books that I was buying, made it seem like that was possible. And when I was |
| 772 | 02:12:35,760 --> 02:12:44,730 | blown out accounts, hey, guess what? Something's wrong with this logic here. I gotta figure out what the hell the real story is. And most of it was coming |
| 773 | 02:12:44,760 --> 02:12:57,840 | internally manifesting itself in my trading, feeling a strong desire to prove myself because I was scarred by a family member who I loved. So I manifested |
| 774 | 02:12:57,840 --> 02:13:08,790 | that tendency to overcompensate. Proving to myself that I'm perfect. And I have to be in at the highest high. When I'm seeing a bearish divergence on |
| 775 | 02:13:08,790 --> 02:13:18,720 | stochastics and I'm bearish on the market. I have to be in there. I have to be in there. If I don't do that, my grandmother's gonna say I'm lazy. That's how it |
| 776 | 02:13:18,720 --> 02:13:28,470 | scars you. That type of shit scars you deep when you're well wired like I am, which is not normal. And I'm not claiming to be No, that's why I'm a very |
| 777 | 02:13:28,470 --> 02:13:39,990 | difficult mentor to learn from because I have real mental baggage that I can't overcome. I can't and therapists and all kinds of all bullshit, it ain't gonna |
| 778 | 02:13:39,990 --> 02:13:53,700 | fix me. So I turned it into a strength. I sat down in an evening on a weekend literally crying tears. Nobody's fucking charts that I could not figure out. I'm |
| 779 | 02:13:53,700 --> 02:14:01,860 | looking at these charts thinking myself I know I'm going to be able to do this. I know I can figure this out. But why the fuck can I get this to be consistent? |
| 780 | 02:14:01,860 --> 02:14:09,030 | Why can't I find you know this pattern to trade the bond market over and over and over again? I know it can be done I see the moves after happens. Why the |
| 781 | 02:14:09,030 --> 02:14:22,860 | fuck can I see it before it happens? Because I was looking at 30 different ways that other people said in books. And when I was buying their VHS bullshit, okay. |
| 782 | 02:14:24,480 --> 02:14:34,380 | I was trying to catch up with whatever I thought was happening written in there. I was trying to form fit something after it starts moving. So my weakness was |
| 783 | 02:14:34,380 --> 02:14:34,680 | what |
| 784 | 02:14:36,120 --> 02:14:47,520 | I needed to have confirmation because I was afraid to step out there and do something and be wrong. Because consequence of being wrong was detrimental to me |
| 785 | 02:14:47,520 --> 02:14:55,290 | because I beat myself up mentally and emotionally because I would refer back to what memory my grandmother saying, honey, you're lazy and all she was talking |
| 786 | 02:14:55,290 --> 02:15:04,620 | about was me being in a unable at 11 years old. The shovel a half a ton A fucking rock in lineup around a swimming pool. On a date it was almost 100 |
| 787 | 02:15:04,620 --> 02:15:12,570 | degrees and I had already been delivering picnic tables, living with my grandmother, my other grandmother my mom's side. And I delivered picnic tables |
| 788 | 02:15:12,570 --> 02:15:21,120 | with him all morning picking them up. I'm 11 years old, frail little boy. Okay, I mean, I wasn't a man, and I was a little kid. And I'm tired and treated |
| 789 | 02:15:21,120 --> 02:15:28,110 | lumber. eight foot long picked and tables is fucking heavy as shit. Got a walkover flip it up on the back of the pickup truck, right on the back of the |
| 790 | 02:15:28,110 --> 02:15:35,220 | pickup truck unsafe on it, but it was fun as fuck. Get to the place. And then they want you to walk it around their backyard delivering for five bucks and I |
| 791 | 02:15:35,220 --> 02:15:43,560 | got that money to fight our delivery charge. He charged I got that. That was my compensation for helping him. But I had done seven picnic tables that day. And |
| 792 | 02:15:43,560 --> 02:15:51,390 | it's hot as shit. And she's like you want to spend a night? Sure, Grandma, I'm on my way up here. And she's this way they pick you up. She picks me up, get up |
| 793 | 02:15:51,390 --> 02:16:02,610 | there. Glass iced tea cup of cookies. Okay, well, here's what I want you to do. And I was like, Are you kidding me? Like, I can't get this done today. And I was |
| 794 | 02:16:02,610 --> 02:16:08,010 | hot and went back into get something to drink an hour and a half later, or something to that effect. And she's like, that's all you got done. Oh, honey, |
| 795 | 02:16:08,010 --> 02:16:22,830 | you're lazy. That was it. I never went up here again. And I was angry. So last time I spoke to her like a grandma type thing. But it scarred me deep. Deep. Now |
| 796 | 02:16:22,830 --> 02:16:33,360 | my mom's side. My grandfather knew I wasn't lazy. Because that man would not let me fucking be lazy. Okay. He would wake my ass up with the kick of the door. Get |
| 797 | 02:16:33,360 --> 02:16:42,870 | the fuck out of that fucking bed. Boy, if I was one minute past that fucking long bucket off. He was a Navy man. No slacking in that fucking house. None. |
| 798 | 02:16:43,350 --> 02:16:52,530 | Shit was done. It was done on time. And it's the way it was. I did not want to disappoint that man. He was not my father. But I looked at him like he was. And |
| 799 | 02:16:52,530 --> 02:16:59,370 | every time he told me do something I was done. Already done. Already done took care of it. Good boy. Good boy. |
| 800 | 02:17:06,510 --> 02:17:20,700 | i That's why I tell you. I wish he could see me now. I know my grandmother is in heaven. And if she came, and she probably regret saying what she said, But I'm |
| 801 | 02:17:20,700 --> 02:17:30,240 | glad she said it because it motivated me like a motherfucker. It motivated me and pushed me like I am today. Still, I'm 50 fucking years old. And this shit |
| 802 | 02:17:30,300 --> 02:17:45,870 | Jacks me the fuck up every time. I'm hard on my boys the same way. You need that that's what a father supposed to do. I'm not raising fucking kids to be their |
| 803 | 02:17:45,870 --> 02:17:54,930 | buddy to be their friend. Okay, I'm teaching them life skills this fucking world is going to take from you. It's going to take and if you're an adult, you're |
| 804 | 02:17:54,930 --> 02:18:02,340 | working. You know what it feels like? It's not what you were hoping for when you were in school. I mean, I can't wait to get out of high school. Who do the fuck |
| 805 | 02:18:02,340 --> 02:18:14,160 | I want? No, you're doing a whole lot more shit that you don't want to do for less money and you should button get it's a lie. The American Dream is a fucking |
| 806 | 02:18:14,400 --> 02:18:26,160 | lie. So you got to do something other than the American dream. You gotta find your own way of doing it your own business, you formulate your own approach to |
| 807 | 02:18:26,160 --> 02:18:38,520 | doing shit outside the lines they've colored for all of us to be within. Fuck that shit. So laziness is not where I am. I have not been lazy since I was 11 |
| 808 | 02:18:38,520 --> 02:18:50,250 | years old. I've worked all the time. And every time I put my hands to anything with the market, that the end result the destination is excellence. That's what |
| 809 | 02:18:50,250 --> 02:19:01,380 | I'm aiming for. That's that's Terminus. Excellence. If you ain't doing that, when you're doing this, studying and trying to learn and working towards it, you |
| 810 | 02:19:01,380 --> 02:19:11,580 | ain't gonna make it. So you got to change your mindset and your outlook on how you're going to approach learning who you're going to learn from? Is it a |
| 811 | 02:19:11,580 --> 02:19:19,620 | constant bunch of bullshit, nonsense and drama? Are you learning from somebody that's taking you into a chart saying this is what the science behind this is? |
| 812 | 02:19:19,860 --> 02:19:27,030 | This is when it should do this. This is how it should happen. This is what should look like and is it fucking repeat? is other people making money? Are |
| 813 | 02:19:27,030 --> 02:19:32,970 | they proving that this shit works? Is it transferable knowledge because if it's not transferable knowledge, and it's all reckless bullshit, where stop losses |
| 814 | 02:19:32,970 --> 02:19:40,980 | are ambiguous well, sometimes I'll use a stop loss sometimes I won't. I'm gonna go on and do full leverage to get back a loss. Because I have to have social |
| 815 | 02:19:40,980 --> 02:19:52,260 | media we increase on my social media accounts. Can't be looking like I'm losing money when you're trading recklessly. All the emphasis is in the wrong shit. |
| 816 | 02:19:53,550 --> 02:20:02,460 | public approval fuck the public. I don't give a fuck if you liked me. I don't care if you'd like me. I show you ever my fucking mental baggage, my fucking |
| 817 | 02:20:02,460 --> 02:20:14,760 | weaknesses, I tell you everything, everything I pushed myself this week into a setting when I know I cannot do well, just to prove to you, yes, this shit that |
| 818 | 02:20:14,760 --> 02:20:23,730 | I'm teaching you will fucking lose in areas where I tell you avoid it, what I do got here two trades losing trades, I could have kept that from you, I could have |
| 819 | 02:20:23,730 --> 02:20:31,500 | hid that from you. But I'm trying to communicate that if I'm going to do what everybody else is fucking doing, guess what, I'm gonna have the same lackluster |
| 820 | 02:20:31,500 --> 02:20:45,150 | results that they're gonna have shit results is what it is. I don't want that. I can't tolerate that. I'm not wired for that shit, I want precision. It may elude |
| 821 | 02:20:45,150 --> 02:20:56,970 | me that execution here or there. I don't give a fuck. I'm aiming in the right direction. I'm aiming for excellence. I'm gonna hit it every fucking time. Every |
| 822 | 02:20:56,970 --> 02:21:08,310 | time perfection, like missed the bull's eye on that one, but excellence, that's where the fuck I reside. I live there. And you need to change your fucking |
| 823 | 02:21:08,310 --> 02:21:16,140 | address, you need to reside in excellence bill. Okay, great. Now you're hanging around people on social media, these motherfuckers don't know how to do |
| 824 | 02:21:16,170 --> 02:21:30,960 | anything. Nothing but influence and create worshipers don't want you to worship me. Don't worship me. Put your fucking sleeves rolled up, show up, take notes, |
| 825 | 02:21:31,410 --> 02:21:39,930 | learn at the end of the year, you're gonna be a different fucking person, period. That's just the way it is. If you put in the time and do exactly what I |
| 826 | 02:21:39,930 --> 02:21:45,270 | tell you to do and avoid all the other shit, you will be able to do this |
| 827 | 02:21:50,850 --> 02:22:00,420 | between the high and the low. Everybody ignores that. The books talk about give me the entry signal at the top. But the diversions at the at the pattern height |
| 828 | 02:22:00,780 --> 02:22:08,550 | in a bearish scenario in the target. Well, it might get down here. We don't know for certain, here's the thing, I'm teaching it you don't need that to happen. |
| 829 | 02:22:10,230 --> 02:22:19,590 | How liberating is that? How fucking liberating is that? Because I struggled in the beginning to make this shit go to the targets that these books are they're |
| 830 | 02:22:19,590 --> 02:22:31,650 | supposed to happen. And sometimes they never even got close. They never would even fucking get remotely close to it. But I would still buy another book by |
| 831 | 02:22:31,650 --> 02:22:41,760 | that author. Because that's the secret. The next book, that's the fucking one, he's gonna tell me, he's gonna talk. He's just making me hold out for it. He |
| 832 | 02:22:41,760 --> 02:22:53,670 | wasn't stupid, he put his logic into multiple books. So I got to keep buying these books. And it was just one more fucking thing that would compound my |
| 833 | 02:22:53,670 --> 02:23:06,180 | confusion. So I said fuck this shit indicators, new indicators and new settings and the logic of why you use this setting count for RSI and use this setting for |
| 834 | 02:23:06,210 --> 02:23:17,070 | stochastics and smooth the percent D and the percent k this level. Fuck all that. All that effort all that time and concern about a fucking indicator, it I |
| 835 | 02:23:17,070 --> 02:23:26,070 | just would have applied that time and energy on reading with the open high loan closes and understanding liquidity in the element of time. That's what I was |
| 836 | 02:23:26,070 --> 02:23:32,970 | looking for all along. That's exactly what you're looking for. But you can't recognize it because you listen to all this other bullshit from other people. |
| 837 | 02:23:34,440 --> 02:23:41,610 | Because you've probably seen them make a trade. It was profitable. Maybe they take money out of a funded account maybe you've done other shit they shown |
| 838 | 02:23:41,610 --> 02:23:53,250 | profitability. None of that shit is what makes markets go up and down. They just got lucky like I did in the beginning. That's all it is. And money management |
| 839 | 02:23:53,250 --> 02:24:05,340 | has preserved them that's all it is. Now what happens folks? What happens when you take the best of money management and risk management and you couple it with |
| 840 | 02:24:05,370 --> 02:24:25,830 | highly precise time based price action. Thank you think you see what I demonstrate every week. That to me that to me folks. If I was seeing someone do |
| 841 | 02:24:25,830 --> 02:24:36,150 | what I've been showing you all for years, proving executions. It's in there is undeniable logic beforehand and you sat with me last week and I called every one |
| 842 | 02:24:36,150 --> 02:24:44,970 | minute candle perfectly told you when it was likely to reverse why it would be reversing and it fucking reverse not sure if you had a stop loss could be |
| 843 | 02:24:44,970 --> 02:24:58,740 | protected. And then it was up. That's not guesswork. That's not cherry picking that sound logic that repeats every fucking day and they can't hide it from you. |
| 844 | 02:24:59,550 --> 02:25:07,320 | They can't To change it from you, it can't be changed just the way it is, folks, and I can't say any more than that, I promise you, it's not going to change. |
| 845 | 02:25:09,660 --> 02:25:18,720 | You're gonna get trades wrong. There's gonna be crazy movements that come out of nowhere sometimes, and it's gonna probably hurt your account or other people. It |
| 846 | 02:25:18,720 --> 02:25:26,400 | doesn't change anything. That's manipulation. That's the category. Okay, that was something I couldn't control. Nobody could have made money in that |
| 847 | 02:25:26,400 --> 02:25:39,630 | situation. It is what it is. Continue on. Resume back to what you're looking for time and price. Not getting caught up. I just had two losing trades, something's |
| 848 | 02:25:39,630 --> 02:25:52,890 | different. Now. Nothing's different, except for the account balance. Continue on, it'll take care of itself. So take your attention to the meat on the middle |
| 849 | 02:25:52,890 --> 02:26:07,410 | of the bone. That's where you can always find your ends meet. You all want to do like I did catch the highest high and the lowest low. Because unless you do |
| 850 | 02:26:07,410 --> 02:26:19,140 | that, you're not successful. You're not worth talking about. When I was on American land, my first was coming up, I wanted to be able to go on America |
| 851 | 02:26:19,140 --> 02:26:29,970 | Online. Message Boards back then and when we were doing things. And I wanted to talk about how I got in this trade at the highest high and got out the lowest |
| 852 | 02:26:29,970 --> 02:26:40,110 | low. That was my pursuit, that was my goal. That was the whole reason why I want to trade because I wanted the public approval. I wanted to have people look at |
| 853 | 02:26:40,110 --> 02:26:52,890 | me like a hero. Think about that. Now, contrast that with what I do today. I can do this stuff for now. Won't be able to do it later on when I'm older mental |
| 854 | 02:26:52,890 --> 02:27:04,740 | faculties will diminish. I hope I don't experience that. Because I don't ever want to live a day where I can't do what I'm doing. That would be that would be |
| 855 | 02:27:05,040 --> 02:27:15,990 | hell. For me. I wouldn't want to be able to do that. But I can look back and say how I would have always been striving to do what I'm doing incapable of doing |
| 856 | 02:27:15,990 --> 02:27:30,090 | right now and wanted encouraged public worship, because I needed it. I was a young man looking for approval. I had lost my grandfather, the one I live with |
| 857 | 02:27:30,360 --> 02:27:42,600 | and help deliver picnic tables on his cash business he ran. I didn't get that talk like you're getting from me right now. Like I used to get from him all the |
| 858 | 02:27:42,600 --> 02:27:53,580 | time. He never sat down son and say something, son, you know, I love you. You're making me proud. You're doing this. You're doing that he was a Navy man. But I |
| 859 | 02:27:53,580 --> 02:28:05,040 | knew he loved me. I knew when I did hit the mark. It's a good boy. And the only time I heard you ever say I'm proud of you is when I graduated high school. And |
| 860 | 02:28:05,040 --> 02:28:12,180 | he said he was gonna go that day. And I sit up on the bleachers and I saw his green pickup truck pulling in the parking lot. And he walked in laying in the |
| 861 | 02:28:12,180 --> 02:28:21,420 | doorway, watching walk across and gotten his truck and drove away. Two days I waited for him to say something about how he saw him go across the stage get my |
| 862 | 02:28:21,450 --> 02:28:31,110 | diploma. I said I saw you at the back of the stadium. I'm proud of you boy. |
| 863 | 02:28:42,120 --> 02:28:43,920 | I give everything I got to hear him say it again. |
| 864 | 02:28:51,899 --> 02:29:04,289 | He's a hard man to be under. But I missed him. And I know learning from me isn't easy. But it works. It works and other people out there that are putting the |
| 865 | 02:29:04,289 --> 02:29:14,759 | work behind it. They're seeing the results. And you will too. And they're all going to come to you a different time schedule. How long is it going to take? I |
| 866 | 02:29:14,759 --> 02:29:26,099 | don't know. Some of you. You might go through this with me. In four months, something clicks and all of a sudden you're like, oh shit, I see it. I see what |
| 867 | 02:29:26,099 --> 02:29:38,519 | I'm supposed to be looking for. That's mine. That's this is my model. In that feeling that fucking confidence that fucking dialed in moment you knew exactly |
| 868 | 02:29:38,519 --> 02:29:44,039 | which because you have no shit right now. None of you do. None of you know what the fuck you're doing. None of you know what you're looking for. But when you |
| 869 | 02:29:44,039 --> 02:29:51,719 | finally do, nothing I'm ever going to say anybody else is going to say is ever going to distract you. This is the thing that you're going in there looking for |
| 870 | 02:29:51,749 --> 02:29:59,879 | each time and it's the same fucking shit repeating all the time. That's your model. You're not going to be influenced by how much money I show I make I'm |
| 871 | 02:29:59,879 --> 02:30:07,379 | going As the other students are making, that's their setup, that's their model that's not yours. And guess what? There's lots of models, and they all can be |
| 872 | 02:30:07,379 --> 02:30:17,159 | operating in the same direction or the opposite direction. And it's all right. It sounds like it can't be possible, but it's true. It's absolutely fucking |
| 873 | 02:30:17,159 --> 02:30:32,909 | true. But you gotta give yourself a real chance. Aren't you fucking worth it? Think about it. You're, you're worrying about how long it's going to take for |
| 874 | 02:30:32,909 --> 02:30:49,079 | you to learn. How long do you plan on living? How do you want those years alive? To be lift? Aren't you worth 2023? Aren't you worth putting in the effort that |
| 875 | 02:30:49,079 --> 02:31:00,359 | you see other people outside of me? Literally making real fucking money? You think that you or anybody else is going to convince them that they've wasted |
| 876 | 02:31:00,359 --> 02:31:10,799 | their time? No. Just like, no one's gonna be able to convince you, when you start doing it, that you've wasted your time. You're gonna wish that you started |
| 877 | 02:31:10,799 --> 02:31:19,469 | sooner. You're gonna wish that you would have found this shit years ago. Like every one of my six year school students once they fuckin taste and see once |
| 878 | 02:31:19,469 --> 02:31:29,399 | they deal with it themselves. And they can find it without me pointing to it. They all say the same thing. I wish I would have known this this long ago. And |
| 879 | 02:31:29,399 --> 02:31:37,259 | it's always before they started trading. Because they all did what I did and everybody else has done to they dabbled in bullshit. And the only thing happens |
| 880 | 02:31:37,259 --> 02:31:49,139 | when you mess around with shit. You get your hands dirty and stinks. Nothing comes out good. When you mess around and bullshit. Nothing. You bring bullshit |
| 881 | 02:31:49,139 --> 02:31:55,919 | into the conversation. You bring bullshit into the learning process. You're gonna get shit at the end. No matter how you slice it. This is a way that you |
| 882 | 02:31:55,919 --> 02:32:05,699 | cannot polish a turd. That's the bottom line. And retail bullshit is just that. It puts your mindset on the wrong things. You focus on the wrong stupid shit. |
| 883 | 02:32:06,269 --> 02:32:16,079 | Instead of the principles that make you consistent. Where's the market going next? Not here's an entry strategy. Why the fuck should I be taking the entry? |
| 884 | 02:32:16,739 --> 02:32:25,229 | what's the, what's the catalyst? The Reimann reason why the market should be going up. Fuck your harmonic pattern targets. I don't give a shit about that. |
| 885 | 02:32:25,439 --> 02:32:35,189 | Why should it go up? They're not because there's overlapping of Fibonacci and bullshit. Elliott, lead counsel, adding up to this and that. And it's a supply |
| 886 | 02:32:35,189 --> 02:32:46,019 | and demand zone. No, no, no, no, no. Who's getting their ass handed to them next. That's what the markets doing. Okay. It's going on a schedule. When volume |
| 887 | 02:32:46,019 --> 02:32:56,669 | comes in the marketplace. Who's making money right now and who feels the safest? That's what's getting banged next. This is a carnivorous endeavor. Folks. You |
| 888 | 02:32:56,669 --> 02:33:06,509 | vegans out here. You're gonna come in here and pretend like everything is love and peace. This is fucking war. It's fucking war. If you're on the other side of |
| 889 | 02:33:06,509 --> 02:33:18,269 | my trade, and I when I don't feel bad for you. I don't feel compassion for you. You knew what the risks were when you signed up and you opened your account. |
| 890 | 02:33:18,269 --> 02:33:26,519 | That's what the fine print says. You're gonna likely lose your fucking money. And you're gonna lose it to people that know what they're doing. Me and my |
| 891 | 02:33:26,519 --> 02:33:39,119 | students. It's a tuition. Everybody pays it. Everybody pays it. And there's a membership fee that every year you have to pay that to that's drawdown everybody |
| 892 | 02:33:39,119 --> 02:33:59,579 | has it. But to be a card carrying member of this club, you're gonna have to fuck you're doing an image has nothing to do with it. Listen, folks, a demo. I got I |
| 893 | 02:33:59,579 --> 02:34:08,579 | was a hack about a half a million people in 200,000 people now on Twitter. Listen to me bluey but shit like this. In 99% of it's been done on the demo. |
| 894 | 02:34:09,209 --> 02:34:19,229 | Why? Why are you listening to me? Because you see it working still. You can appreciate the fact that I am not a licensed financial advisor. So I'm not going |
| 895 | 02:34:19,229 --> 02:34:27,989 | to put you in live trades. I'm not going to put you in front of an audience of other folks that are watching me do a live account because I'm not going to |
| 896 | 02:34:27,989 --> 02:34:34,049 | entice you to do that. I'm not going to represent a broker. I'm not going to tell you to go with a broker. I'm not an introducing broker. I'm not going to |
| 897 | 02:34:34,049 --> 02:34:45,569 | deal with a funding account. I'm not gonna do any of those things. I stay in a gray area that keeps me absolutely 100% safe. And I don't give a fuck. Who |
| 898 | 02:34:45,569 --> 02:34:52,559 | doesn't like the fact that I'm not doing it in a live account in front of you. I'm not obligated to do that shit. Nobody is I don't give a fuck what your |
| 899 | 02:34:52,559 --> 02:35:04,559 | opinion is, but you ain't gonna do anything better than me. And some of you have seen poor If you don't need live count, you don't need anything else, you know |
| 900 | 02:35:04,559 --> 02:35:13,739 | what you found right now the resource that you tapped into here, in costing you no fucking money is building you up. I'm encouraging you to stick with it. |
| 901 | 02:35:13,739 --> 02:35:28,919 | Because if you do, time will do its work. But you have to keep showing up. You got to keep doing that part. And give yourself the chance. Really give yourself |
| 902 | 02:35:28,919 --> 02:35:40,709 | the chance. How would you feel if your relationship the person you were with said, Listen, you're gonna have to make all my fucking dreams come true in 120 |
| 903 | 02:35:40,709 --> 02:35:50,549 | days, or I'm not staying with you. Or you're in a relationship right now. And they come out and say, look, listen, you got to make all my fantasies and all my |
| 904 | 02:35:50,549 --> 02:36:11,819 | wild wants and desires to come to pass in this relationship in next 20 days. Or I'm leaving. Is that a fair request? Is that a reasonable request? Fuck no, no |
| 905 | 02:36:11,819 --> 02:36:26,009 | way. I am coming to you every week. And I'm pouring myself into you. You may not think that you're worth it yet, but I do. Because I know what you're capable of |
| 906 | 02:36:26,009 --> 02:36:41,549 | when you can't even see it in yourself yet. I was that 11 year old boy at 20. Kneading, what I'm trying to be for you. I know what you're looking for. I know |
| 907 | 02:36:41,549 --> 02:36:51,689 | exactly what it is. But I'm also smart enough to know that everything that I know isn't going to work for every one of you. The only one piece of it. The |
| 908 | 02:36:51,689 --> 02:37:00,239 | piece that everybody needs to know, though, is how to read the take, how to understand what price is going to do. Why should these markets go up to this |
| 909 | 02:37:00,239 --> 02:37:09,419 | level? Why should it go down to this level? When should it do it? And if it is really there, and that markets likely to deliver to a specific level above or |
| 910 | 02:37:09,419 --> 02:37:22,499 | below? Where is it that you can capitalize on that move and manage risk and not get stopped out? Or if you do get stopped out? Is there a way to get back in and |
| 911 | 02:37:22,499 --> 02:37:33,929 | not be over leveraging or pushing it, I'm going to teach you that as well this year. Everything that a trader would want to know. That's what you're gonna get |
| 912 | 02:37:33,929 --> 02:37:46,019 | from me, you're gonna see it on live charts. There's no hiding it, there's no alternative view, there's no plan a plan B in whichever one that's when we were |
| 913 | 02:37:46,019 --> 02:38:03,629 | right about no safety net. It works or it doesn't right. To just relax, relax, we have a whole year, whole year together. It's gonna be fun, I promise you it |
| 914 | 02:38:03,629 --> 02:38:13,349 | will be boring sometimes. But you're going to feel the growth every single week, you're going to know more about yourself. Probably more than you were hoping to |
| 915 | 02:38:13,349 --> 02:38:22,529 | learn. But don't shy away from that. Because those characteristics that you're bringing in your personality, those elements are going to be the very things |
| 916 | 02:38:22,559 --> 02:38:30,149 | that are going to be an impediment to you doing well. Even the things you think are strengths in your character right now, they're probably going to be the |
| 917 | 02:38:30,149 --> 02:38:39,329 | things that cause you to struggle the most. I'm confident myself, I was confident too. I was overconfident. So much so that I was taking trades without |
| 918 | 02:38:39,329 --> 02:38:44,279 | stop losses. And then that day, my account was roasted. |
| 919 | 02:38:46,770 --> 02:38:57,570 | So don't think that your strengths outside of trading are going to be strengths in your trading. Many times that's going to be the vice that you fail to. So you |
| 920 | 02:38:57,570 --> 02:39:13,800 | have to be humble when you're arrogant. And you have to be confident when you are less than confident in your life outside of trading. You have to turn |
| 921 | 02:39:13,830 --> 02:39:26,790 | everything upside down here. Everything has to be upside down. Everything that you think works, doesn't the things that lead to profitability doesn't. The |
| 922 | 02:39:26,790 --> 02:39:44,820 | things that don't readily appear as profitable. That's what we do. When you take a long trade, you put your stop loss below the most recent swing low. Okay. That |
| 923 | 02:39:44,820 --> 02:39:58,530 | logic that you think as a retail trader protecting you that insurance policy. We target that. That's that's our premise here. We cannibalize those that feel |
| 924 | 02:39:58,530 --> 02:40:11,040 | safe. When they put their walls up on their chart, they think that's a fortress protecting them. Like that swing low is gonna keep price at bay. When we storm, |
| 925 | 02:40:11,100 --> 02:40:29,160 | that wall, tear through it we take their money, we take their trade, we take their liquidity, and in some instances, we take their hope. I don't feel bad for |
| 926 | 02:40:29,160 --> 02:40:43,020 | that I grew out of that you'll grow out of that to everybody in the marketplace, is at war with everyone else. This is not a team on villainous creating |
| 927 | 02:40:43,020 --> 02:40:52,320 | warriors, you're all learning how to do combat in these charts. But don't lose sight. Because if you are foolish enough to take something on the opposite end |
| 928 | 02:40:52,320 --> 02:41:08,280 | of my trade, and I can take your money. I'm doing it gladly. With no remorse. None. That's how this business operates. And it creates a conundrum for some |
| 929 | 02:41:08,280 --> 02:41:22,260 | folks, this is unethical, this is not Christian, this is not what a good person would do. Well. We're given resources. And if we don't maximize those resources, |
| 930 | 02:41:23,400 --> 02:41:37,050 | we're being wasteful. And you're learning a skill set. You're learning a mindset, your learning process and processes. To be able to go in confidently |
| 931 | 02:41:37,050 --> 02:41:45,330 | and engage it does not mean an absolute guarantee that you're going to be profitable without any losing trades or transactions, you're going to I'm |
| 932 | 02:41:45,330 --> 02:41:55,440 | promising you that's going to happen. I'm guaranteeing you that you're going to lose on some of these transactions. That does not and should not diminish your |
| 933 | 02:41:55,440 --> 02:42:06,570 | belief in the idea that the markets book like this, it just means that you brought human frailty into the equation and you did it wrong. That's how we look |
| 934 | 02:42:06,570 --> 02:42:20,790 | at every single loss. Guess what that teaches? Personal responsibility versus Oh, this fucking harmonic pattern. Oh, this sellin so set up failed me. Know, |
| 935 | 02:42:21,930 --> 02:42:34,950 | you got stopped down. Who got stopped that you fucking that stop now. The trade is unaware. You can't personify the setup. You got to take the root cause back |
| 936 | 02:42:34,950 --> 02:42:42,300 | to the operator, the person that pushed the button your broker didn't do that. Your spouse didn't do that your co workers didn't do that i shirts, fuck didn't |
| 937 | 02:42:42,300 --> 02:42:56,850 | do it. So personal responsibility is yours, you own that. And that's a good thing. It's a strength. Because guess what that teaches you. You can climb out |
| 938 | 02:42:56,850 --> 02:43:09,780 | of all of that losing. No matter how long it takes you. drawdown is going to always manifest itself, but the length of time in drawdown will reduce over |
| 939 | 02:43:09,780 --> 02:43:17,070 | time. In the beginning when you're learning how to do this, you'll have periods of drawdown it takes a little bit more time to come out of that. And over time, |
| 940 | 02:43:17,070 --> 02:43:24,540 | you're going to see that managing risk properly. drawdown is unavoidable. You're going to have losing trades, you're going to be human. You're going to do |
| 941 | 02:43:24,540 --> 02:43:30,270 | something wrong. You're gonna have a case of the ass because your spouse, your girlfriend, your boyfriend, your boss, you just don't feel good. You want to |
| 942 | 02:43:30,270 --> 02:43:35,850 | have a feel good moment and you're going to break the fucking rules. The science says Don't step on the grass and you're gonna walk on a fucking grass. You're |
| 943 | 02:43:35,850 --> 02:43:45,990 | gonna do you think what humans do all the time? They fuck up. You're gonna put a trade on knowing damn well you shouldn't have done it. You're gonna fucking |
| 944 | 02:43:45,990 --> 02:43:59,970 | regret it Guess what? As human you're gonna think you're outperform your system. You're gonna fuck up? And that's human. Who's whose responsibility is yours? Who |
| 945 | 02:43:59,970 --> 02:44:01,290 | can you blame no one |
| 946 | 02:44:07,110 --> 02:44:18,420 | but when you get yourself out of those pickles it's stupid when you do it. But you also know that I was dumb mistake. Let me just fix that next time. I won't |
| 947 | 02:44:18,420 --> 02:44:32,970 | do that anymore. I'll do something else. That human that's humanity interesting. That's where everybody blows it because the folks that are not disciplined when |
| 948 | 02:44:32,970 --> 02:44:41,490 | they make this human errors that are going to manifest themselves in anything, everything. No matter what system you trade with, no matter what guru you listen |
| 949 | 02:44:41,490 --> 02:44:52,530 | to whatever your teacher, your mentor, whatever fuck you want to call it. All of that stuff leads to you doing something as a result, but they act as a catalyst. |
| 950 | 02:44:53,910 --> 02:45:05,190 | And when we when listening to our educator or our system creator, we'd like to do what think team mentality. Yes, thank you. I see T. Thank you, Larry |
| 951 | 02:45:05,190 --> 02:45:19,860 | Williams. Thank you, whatever fuck you want to put at the top of the list the person who listen and learn from and when we lose I'm a fuckup I can't make this |
| 952 | 02:45:19,860 --> 02:45:38,070 | work No, I don't deserve any other mentor actor doesn't deserve the credit when you take on the risk of yourself. You manage that risk effectively. And then you |
| 953 | 02:45:38,070 --> 02:45:49,650 | profit from. I don't ever want to gladhands any of that. You fucking earned that. That's yours. You want to peacock around and fucking go on social media. |
| 954 | 02:45:49,950 --> 02:45:59,550 | And that's your that's your vice? Fuck it, do it. I don't think that should be the deciding factor for why you are trading which is most of what the young guys |
| 955 | 02:45:59,550 --> 02:46:08,580 | are doing today. But you earned that shit. Peacock around like a motherfucker and Mick Jagger your shit. You got to move, move them. Show with everybody. |
| 956 | 02:46:08,610 --> 02:46:19,920 | There's a fuck. I love to see it. I'm not gonna say high five. Yeah, you owe it all to me. But that's it. You took on all the risk. You did the work I don't |
| 957 | 02:46:19,920 --> 02:46:31,860 | deserve and the mentors out there don't fucking deserve the worship. Stop doing that shit. You did it yourself. You fucking earned it. You did it. So no one |
| 958 | 02:46:31,860 --> 02:46:51,990 | fucking cosines your success. You own that. But there's a flip side of that coin. When you fuck up. You do not fault your mentor, your teacher, your |
| 959 | 02:46:51,990 --> 02:47:03,600 | friends, in your fucking neighbors in your discord channel and your telegram channel, your Facebook group or your Twitter group. You own it in that my |
| 960 | 02:47:03,600 --> 02:47:12,150 | friends and lingers is very, very painful. Because we all want the insurance policy to be able to say, Well, when I lost money, it's that motherfuckers |
| 961 | 02:47:12,150 --> 02:47:19,440 | fault. He didn't talk about that in the video. He never said this in his fucking mentorship. He never told me when I should have got out of that trade, he knew |
| 962 | 02:47:19,440 --> 02:47:30,120 | damn well, I was gonna do this same sort of thing. You all want the insurance policy and be able to say, if I lose money, I can always just fault that guy. |
| 963 | 02:47:30,930 --> 02:47:43,740 | That person that system that approach that service. When none of that put your ass in the trade, but you you need to be able to be responsible with your own |
| 964 | 02:47:43,740 --> 02:47:51,690 | actions. And this generation is not being taught responsibility at all. And that's unfortunate, because that's the number one reason why they don't like me |
| 965 | 02:47:51,690 --> 02:48:02,100 | because I'm telling them continuously in boring conversations that don't feel comfortable listening to But guess what? Trading is fucking war. It's war. It's |
| 966 | 02:48:02,100 --> 02:48:14,250 | not a fucking video game, folks. It's not. It's who's going to fucking take your ass and grind it to bits if you let it. Do you have to prepare yourself |
| 967 | 02:48:14,250 --> 02:48:28,980 | mentally, emotionally psychologically, that you're going to wrestle it yourself a lot. And some of you are going to get this guilty conscience that I gotta tell |
| 968 | 02:48:29,250 --> 02:48:37,170 | ICT thank you or I'm not going to I'm going to be jinxed if I if I don't say thank you ICT because I made money. I'm gonna be jinxed. Am I gonna be really |
| 969 | 02:48:37,170 --> 02:48:49,230 | successful? Stop fucking worshiping. He did something. Share it. I love it. I'm not high five. Man. You order me. You don't owe shit to me. You didn't pay me. |
| 970 | 02:48:49,260 --> 02:48:58,830 | I'm here because I want to fucking be here. But I want to see what you do. I want to see it. Not just the good I want to see the bad because I want to see |
| 971 | 02:48:58,830 --> 02:49:10,290 | how you learn from that shit. Oh, reading on young lady in the Twitter feed. She said something to the fact that she made a mistake or whatever. And I said learn |
| 972 | 02:49:10,290 --> 02:49:23,910 | from it. Forgive yourself and learn from it. Because I'm the beginning I didn't forgive myself. I began to hate myself. And the more hatred I had because I |
| 973 | 02:49:23,910 --> 02:49:33,450 | couldn't do it fast enough. It began began to manifest itself. And when I would make money, I would become an arrogant prick. And my friends would see it and |
| 974 | 02:49:33,450 --> 02:49:42,450 | one of my friends who was no longer friend now. He had the balls to tell me to my face. Like dude. Like what the fuck you think you're doing? Like, you're just |
| 975 | 02:49:42,450 --> 02:49:51,510 | like us? You just making money? You're no better than us. We graduated the same fucking year in school. You know? We worked menial fucking jobs. Okay, now |
| 976 | 02:49:51,510 --> 02:49:59,640 | you're making money. You think you're better than everybody else? Let me tell you something that was a kick in the dick. I needed it. But that was really |
| 977 | 02:49:59,640 --> 02:50:09,690 | uncommon. Trouble, really uncomfortable. Here's a guy that I looked at, it's like a brother to me. I'm like, What the fuck do you say to me, dude, what the |
| 978 | 02:50:09,690 --> 02:50:19,530 | hell. But that's what a real friend does. They'll call your bullshit. And they'll do it because they want to see you recognize the mistakes you're making. |
| 979 | 02:50:23,490 --> 02:50:32,790 | This generation, you don't see people half the time you're talking to them through social media. So you've got are involved, that you wouldn't say none of |
| 980 | 02:50:32,790 --> 02:50:47,220 | that shit if you were face to face with them. And it causes a disconnect, socially, but also encourage you encourages you to do things that are toxic. And |
| 981 | 02:50:47,220 --> 02:51:00,300 | this generation, unfortunately, has been created to be the worst of the worst. And some of you that are going to do wellness, you're going to see what I mean |
| 982 | 02:51:00,300 --> 02:51:12,210 | by that by coming out of whatever the fuck you're involved in right now. The way kids are taught in school today is backwards. It's all about feelings and social |
| 983 | 02:51:12,210 --> 02:51:20,850 | approval. Listen, folks, there's going to be people out there that don't like you. No matter how nice you are, and whatever you want to do, you can give the |
| 984 | 02:51:20,850 --> 02:51:26,280 | fucking world to them. They're still going to find fault in you. You're going to tell you you're full of shit. You're an asshole, you should have done it sooner. |
| 985 | 02:51:27,330 --> 02:51:35,010 | What took you so fucking long, you asshole. You gave everything away for free? Why didn't you have to fucking make me wait, you should have done this sooner, |
| 986 | 02:51:35,610 --> 02:51:46,800 | you're always gonna have that there's assholes and everything. Everything. You're never gonna please everybody, you're not going to. So don't let this |
| 987 | 02:51:46,800 --> 02:51:54,510 | endeavor be a reason for you to go and say, Okay, I want to be successful. So I can go out on social media and be approved and accepted by my friends. And |
| 988 | 02:51:54,510 --> 02:52:02,580 | people I don't even know. Because these people don't fucking give a shit about you. They're not tucking you in there at night. They're not paying your bills, |
| 989 | 02:52:02,580 --> 02:52:11,640 | when you fuck up. They're not gonna give you a handout. So why does their opinion or their approval of you right now, or in the future matter at all, |
| 990 | 02:52:11,940 --> 02:52:21,390 | that's not a reason to be fucking trading. And these young boys out here, they're fucking on social media. That's all they're doing. They're catering to |
| 991 | 02:52:21,390 --> 02:52:32,520 | something that doesn't mean a fuck. versus trying to build a life for themselves, find a significant other have a relationship with and being happy, |
| 992 | 02:52:32,910 --> 02:52:42,720 | and content. And not giving a fuck, who likes them, worships them thinks that they've should have done it better, or isn't doing as good as the next guy. Fuck |
| 993 | 02:52:42,720 --> 02:52:52,320 | all that. You only have one life here. There's no dress rehearsals. And you're going to come into this world, like everybody else does without it without an |
| 994 | 02:52:52,320 --> 02:52:59,940 | instruction manual. Because you are working progress, you're gonna make mistakes, you're gonna fuck up all the time, the rest of your life, you're gonna |
| 995 | 02:52:59,940 --> 02:53:08,910 | make mistakes every single day, you're making mistakes. The difference is you are comfortable with certain mistakes that you make, because you understand that |
| 996 | 02:53:08,910 --> 02:53:19,200 | that was probably not the best thing you should have done. And there it is. It's done. It didn't take anything from you except for the nuisance of having gone |
| 997 | 02:53:19,200 --> 02:53:32,010 | through it. Perfect, perfect example. From my house to noon, I got these pillars out there once by my mailbox and the other one is he's got like landscaping and |
| 998 | 02:53:32,010 --> 02:53:41,640 | such and it has three little bulbs in the light. I had to go out yesterday replaced with the bulbs. It was a pain in the ass to get my hand up inside this |
| 999 | 02:53:41,640 --> 02:53:54,810 | contraption to try to get these little tiny little skinny candle stick type flame shaped bulbs. I knew I knew I only had three bulbs left. But I had to |
| 1000 | 02:53:54,810 --> 02:53:56,550 | replace too so I brought one extra |
| 1001 | 02:53:58,500 --> 02:54:06,480 | I reached my hand up in there I know what I'm doing. I'm doing too fast because I didn't want to be doing what I'm doing. And I know as soon as I get done I'm |
| 1002 | 02:54:06,480 --> 02:54:12,870 | gonna run back in there and I'm gonna probably realized I didn't do something right. I'm not a handyman. I'm being honest with you. Okay, I got a checkbook I |
| 1003 | 02:54:12,870 --> 02:54:21,150 | pay people to do shit for me. But here I am. I'm trying to put my fucking hand up inside this contraption change the bulb and I dropped the ball. He hits one |
| 1004 | 02:54:21,150 --> 02:54:33,570 | of the rocks in the landscaping and it breaks the ball. Now if I would have listened to my internal voice that said SLOW THE FUCK DOWN Huddleston I wouldn't |
| 1005 | 02:54:33,570 --> 02:54:44,430 | have done that. But the wisdom me said take all of the fucking balls you have because the chances of you being an Huddleston here is likely. Okay, so I |
| 1006 | 02:54:44,430 --> 02:54:53,700 | dropped it. I broke it. I had the other two still to replace them. That's my fucking stoploss that's my risk management. It was unpleasant. I hated the whole |
| 1007 | 02:54:53,700 --> 02:55:04,560 | fucking idea of me going out there and doing that. But I used what I do in my market trading out there. I had I found in the position, I had resources in case |
| 1008 | 02:55:04,560 --> 02:55:15,690 | I did get stopped out that ball broke. But I'm not out of the game. And I still got what I needed because I had a partial. Now, if I didn't take the extra ball. |
| 1009 | 02:55:17,430 --> 02:55:25,830 | Now I'm walking out there yesterday and the winds blowing me in the face. And I'm just wearing my pajamas and my T shirt with slips on new socks. And it's |
| 1010 | 02:55:26,160 --> 02:55:34,560 | cutting through me cold. And I'm up here trying to dig my hand on it, this fixture that covers the bulbs. I don't know why they designed it this way. But |
| 1011 | 02:55:34,890 --> 02:55:43,620 | I'm probably doing it wrong anyway. But if I wouldn't have brought the extra ball, and I'm going to drop that fucking ball like I did, and it broke. Or if I |
| 1012 | 02:55:43,620 --> 02:55:54,690 | didn't have the extra ball, that would have took me out of my whole show yesterday, and would have pissed me off. Because she had happens. But I didn't |
| 1013 | 02:55:54,690 --> 02:56:02,610 | have the resources or the mindset to deal with it appropriately. But because I know, chances are I'm going to walk out there, I'm gonna be rushing because I'm |
| 1014 | 02:56:02,610 --> 02:56:09,870 | not taking the time to put the jacket on. Because I want to walk on this grant that says don't walk on the grass, okay, I'm going to do the things I'm being |
| 1015 | 02:56:09,870 --> 02:56:17,400 | told I can't do and shouldn't do. So the human part of me is doing exactly what the fuck you're gonna do. When you start trading, or start watching these live |
| 1016 | 02:56:17,400 --> 02:56:28,500 | streams, you're gonna feel the impulse to do the very things I'm telling you not to fucking do, and you're still going to do it. Whose fault is it? When it hurts |
| 1017 | 02:56:28,500 --> 02:56:44,520 | you, yours. But you don't want that responsibility. You don't want that. You want the responsibility of being able to take all the cloud when you went to |
| 1018 | 02:56:45,000 --> 02:56:50,250 | ICT, I made this trade because you want other people to like your post. And I get it. That's cool. I like if it's if you're doing what you're supposed to do, |
| 1019 | 02:56:50,250 --> 02:57:06,420 | I like it. But I want you to be cognizant to the fact that you are expected to be responsible. Not just cloud chasing, or looking for approval, or an atta boy |
| 1020 | 02:57:06,420 --> 02:57:18,000 | or girl, pat on the back. You gotta be responsible when you make a mistake, own it. I want to see more of that this year. I want to see I did this wrong. This |
| 1021 | 02:57:18,000 --> 02:57:24,930 | is what I was expecting to happen. This is what I felt while I was doing it. And it didn't pan out. And this is exactly how I feel right now. That's what I want |
| 1022 | 02:57:24,930 --> 02:57:36,300 | to say. I want to see that I don't want other people to see how much of that occurs. Because on social media, there is some cherry picking going on on social |
| 1023 | 02:57:36,300 --> 02:57:49,860 | media, they only want to give you what makes them feel good about themselves. And in trading, you can't do that. You can't hide it, it's going to show up in |
| 1024 | 02:57:49,860 --> 02:58:01,590 | your bottom line. Your equity curve is going to give a storyline. And that storyline isn't always a love story. Sometimes it's a fucking tragedy. Sometimes |
| 1025 | 02:58:01,590 --> 02:58:10,980 | it's a horror fucking story. And sometimes it's a fucking sequel many times over and becomes a fucking enterprise blown account after blown account until the |
| 1026 | 02:58:10,980 --> 02:58:14,280 | trader learns that these are things that shouldn't be repeated. |
| 1027 | 02:58:20,580 --> 02:58:21,030 | So |
| 1028 | 02:58:26,219 --> 02:58:34,019 | I want to make sure that we have beat this to death. And I'm sure I'll be doing more of it before we get to February 7. I don't want the folks like the young |
| 1029 | 02:58:34,019 --> 02:58:41,909 | man that sent me the tweet the other day, saying he's got his account ready to follow me in life. The fact that you've mentioned that you have your account |
| 1030 | 02:58:41,939 --> 02:58:54,809 | ready. That signals that you're doing everything I tell my students not to do. You shouldn't even have a paper Kate paper trading account linked to trading |
| 1031 | 02:58:54,809 --> 02:59:06,509 | view while you're watching me. Because it's going to be enticement, you're not going to be able to if you're not capable of managing yourself, and controlling |
| 1032 | 02:59:06,509 --> 02:59:16,439 | yourself and being disciplined. You're going to do things that's going to be distracting. And if you do something that you know, now that you have been told |
| 1033 | 02:59:16,439 --> 02:59:24,179 | multiple times not to do, are you going to be listening to my narrative about why price should be doing what it's doing? And what it should be doing next? And |
| 1034 | 02:59:24,179 --> 02:59:32,309 | what you don't want to be seeing? Are you going to hear that and let it resonate with you and take it as experience while you're in a trade. And you're only |
| 1035 | 02:59:32,309 --> 02:59:40,199 | given a fuck about whether or not it's going to go to profit or if it's going to stop you out. And what if you're in a trade and you don't trust where I think |
| 1036 | 02:59:40,199 --> 02:59:47,129 | the markets not going to go? And you're scared it is going to stop you out. And you get out of a trade and it runs in the favor of what your trade was outlined |
| 1037 | 02:59:47,129 --> 03:00:00,089 | to do. You're gonna blame them. You're gonna be mad. And you missed the entire point of the lecture over live charts. You missed it, even watching it And |
| 1038 | 03:00:00,089 --> 03:00:04,859 | hindsight won't allow you to retain it because you're going to be bitter about what the fuck you were doing goofing around |
| 1039 | 03:00:10,590 --> 03:00:22,200 | are you worth investing the time this year in yourself the right way. I'm telling you, if you do anything outside of what I'm telling you to do, you're |
| 1040 | 03:00:22,200 --> 03:00:35,610 | fucking doing it wrong. And the results won't come. You need to be boring. You need it to be just observing one thing. Each day, we're watching price and |
| 1041 | 03:00:35,610 --> 03:00:43,800 | seeing how it moves and gyrates and you'll get comfortable with seeing how it does this certain thing over and over and over again, it repeats these certain |
| 1042 | 03:00:43,800 --> 03:00:55,680 | signatures over and over again happens. And by doing that, the setup that you don't even understand exists right now will literally come to life right in |
| 1043 | 03:00:55,680 --> 03:01:04,470 | front of you in your chart, it will start resonating with you that this is the particular pattern that you'd like seeing me talk about. I may not even be |
| 1044 | 03:01:04,470 --> 03:01:12,870 | referring to it as a trade for myself. But because I'm saying it should do this, and it didn't do that, you're like, I can see five handles in that. And then |
| 1045 | 03:01:13,590 --> 03:01:21,210 | next time you do same thing, you already know what I'm going to say before I start saying it because you see that thing forming. He keeps talking about this, |
| 1046 | 03:01:21,240 --> 03:01:34,320 | but I see this. So that's my setup, that's my model, that's my multiplier, that's the thing I'm going to gravitate to in trading. And then you work with |
| 1047 | 03:01:34,320 --> 03:01:41,580 | that, and let it grow. And you build more understanding as we go throughout the rest of the year. And then you start seeing more things build on that, then your |
| 1048 | 03:01:41,580 --> 03:01:54,240 | five handle moves become easily 15 handles and 10 handles 20 handles and 15 handles and then 3050 handles, and then five handles, and then it back and |
| 1049 | 03:01:54,240 --> 03:02:05,280 | forth. There's an ebb and flow. And you'll see how many times how often does a 50 handle move occur in a month? When is it realistic to expect one, when should |
| 1050 | 03:02:05,280 --> 03:02:12,330 | you only be focusing on five handles and be thankful that you got that and be out for the rest of the day, you're gonna learn all that stuff. But I can't and |
| 1051 | 03:02:12,330 --> 03:02:25,290 | no one else can communicate it in a book. You can't, you can't do it, it cannot be done. Trust me, if people were able to do it, and they could encapsulate it |
| 1052 | 03:02:25,290 --> 03:02:33,210 | inside of a book. It'd be out there everywhere, and everybody would be copying it like they're doing me now. Making Books and shit, they have no idea what the |
| 1053 | 03:02:33,210 --> 03:02:40,950 | fuck you're talking about Smart Money concepts, you just got introduced to the idea, folks. Just take your shoes off, you're comfortable, we're gonna be here |
| 1054 | 03:02:40,950 --> 03:02:51,720 | for you, we're gonna see all kinds of cool shit. And it's for you to learn and become better at it. Not fall victim, the people that don't know how to do it. |
| 1055 | 03:02:54,930 --> 03:03:06,720 | It's my prayer, honestly, for all of you to really find yourself in this. Even if you use other stuff in addition to what I teach, if it aligns with what |
| 1056 | 03:03:06,720 --> 03:03:18,000 | you're doing, the times that it aligns, I'm confident, I'm absolutely confident that it will improve your understanding about price. And that's all I want. I |
| 1057 | 03:03:18,000 --> 03:03:28,740 | just want to I just want to be a help. That's all. That's all I want from all of you is to give me the opportunity to help you. That's all I'm asking for. You |
| 1058 | 03:03:28,740 --> 03:03:39,420 | don't have to go out of your way. The constant keep thanking me. We see enough of that already. Just put the work in and show me your results. That's all on |
| 1059 | 03:03:39,420 --> 03:03:52,890 | one. Okay, because I know the rest will take care of itself. And once you get to that point, that confidence level. So you think right now, now I'm saying this |
| 1060 | 03:03:52,890 --> 03:04:02,670 | and I'm gonna close it. Right now you have your job. Or maybe you don't have a job. Okay, maybe you just recently got laid off fired. The company went out of |
| 1061 | 03:04:02,670 --> 03:04:09,690 | business, something to that effect, but no longer you have a job. before that happened, you probably felt real confident. As long as you keep showing up to |
| 1062 | 03:04:09,690 --> 03:04:24,210 | work. You got a job. That's a false sense of security. But you've lied to yourself and convinced yourself that it's true. Those working right now having a |
| 1063 | 03:04:24,210 --> 03:04:36,060 | job. Your job is not guaranteed to you. No matter how much you want to talk yourself into it. Oh, they need me. They don't fucking need you. They don't need |
| 1064 | 03:04:36,060 --> 03:04:48,630 | you. You are just a number to them. One little small cog in the machine. And that cog that you represent is easily replaced by somebody else for less money. |
| 1065 | 03:04:50,400 --> 03:04:59,520 | That's the that's the environment they're creating right now. You don't see it but it's what's happening. You'll see a lot of people losing their jobs. And |
| 1066 | 03:04:59,520 --> 03:05:01,020 | folks that are in college right now |
| 1067 | 03:05:06,779 --> 03:05:22,379 | you're going through school working very diligently, I'm sure studying and trying to carve out a certificate. Nothing guarantees you a job with that |
| 1068 | 03:05:22,379 --> 03:05:38,639 | certificate. I had a GPA. Just under 4% Math and Science major I was I was that was that mean? That was me. I was writing programs in sixth grade after school. |
| 1069 | 03:05:40,859 --> 03:05:51,869 | All from books that I got from the library. I wanted to be a video game maker. That's that was my aspirations as a little boy, in Middle River School, in sixth |
| 1070 | 03:05:51,869 --> 03:06:03,179 | grade, the math teacher that everybody fucking hated, I loved him. Because when school ended he he let me stay until he left for the day. He let me code. And I |
| 1071 | 03:06:03,179 --> 03:06:13,529 | was just doing little games and hanging in and things like that with basic language. And I was learning to code right then and there. And that was better |
| 1072 | 03:06:13,529 --> 03:06:21,569 | than any college course I went through with programming because I was passionately seeking how to do it on my own. So going to a class and listen to a |
| 1073 | 03:06:21,569 --> 03:06:31,529 | guy. bloviate about shit that you may not even be that the best way of doing it. But you're following a process, you paid for these credits, you're going to the |
| 1074 | 03:06:31,529 --> 03:06:41,519 | class, but it'd be online or in person, and you're expecting to fulfill this GPA to pass it. And then you get your certificate. And that certificate means fuck |
| 1075 | 03:06:41,519 --> 03:06:52,409 | all. But well done you wasted time and money investing in something like everybody else doesn't every other pursuit unless you secure the job. Now, if |
| 1076 | 03:06:52,409 --> 03:07:01,109 | you get the job and you love your job, and you make really good money, then you are a success. But what happens, and I'm just posing this as an argument here, |
| 1077 | 03:07:01,589 --> 03:07:09,209 | what happens if you work really hard to get through that college, and you get your certificate and you get a high GPA? And you get hired at the job you're |
| 1078 | 03:07:09,209 --> 03:07:24,029 | trying to go after? And you make the money? Maybe even more than you were hoping to make? But then you find out you fucking hate it. Do you have Plan B for that? |
| 1079 | 03:07:26,669 --> 03:07:35,129 | Most people don't. A lot of people go through college, work very hard, do very well get into the career they thought they wanted to do when they get in it, |
| 1080 | 03:07:35,159 --> 03:07:47,939 | they don't like it. Do you have an alternative? Because that's a lot of time and money to be investing in. And not knowing for certain. Versus a skill set like |
| 1081 | 03:07:47,939 --> 03:07:59,969 | this that can be a complement to anything that you're doing in like another stream of income that will help maybe replace whatever mistake you made as a |
| 1082 | 03:08:00,059 --> 03:08:11,249 | career pursuit, the word fulfill something that you failed in because some of you dropped out of college. Some of you failed in college. There's room for all |
| 1083 | 03:08:11,249 --> 03:08:24,959 | of you here. All of you have a place at this table. And you can come from all different walks of life impoverished nations, well to do I have all kinds of |
| 1084 | 03:08:24,959 --> 03:08:37,199 | students. And they're doing well. Not every one of them. But I have students across a wide spectrum of different demographics, countries, language barriers, |
| 1085 | 03:08:37,229 --> 03:08:56,999 | all of that stuff. Wasn't it wasn't formidable enough to keep them from finding success. So you have no excuse this year? None. Not a valid one at least. Are |
| 1086 | 03:08:56,999 --> 03:09:08,189 | you going to show up every day? Are you going to dismiss anybody in anything that would be a distraction to you learning? My advice to you and I mean this |
| 1087 | 03:09:08,189 --> 03:09:23,459 | sincerely. Don't talk about it. Okay, this is Fight Club. You're gonna move Fight Club. First rule of fight club. We don't talk about fight club. As the |
| 1088 | 03:09:23,459 --> 03:09:36,059 | first word that means you can't hear someone else's asinine opinion about what you're doing and learning unless you invite them in the conversation. They're |
| 1089 | 03:09:36,059 --> 03:09:40,799 | not going to tell you what you want to hear. They have no idea what the fuck you're doing. If you try to explain to them they're not going to understand |
| 1090 | 03:09:40,799 --> 03:09:51,149 | they're gonna think you're fucking crazy. First rule of fight club. We don't talk about fight club. That means your friends at work. You work with them. |
| 1091 | 03:09:51,239 --> 03:09:58,739 | That's it. You don't make them partners in your endeavor on learning how to trade you're not taking them out of the fucking job when you start making money |
| 1092 | 03:09:58,739 --> 03:10:06,329 | right so why the fuck are you bring it up? All right now. You want them to feel like you're getting ready to make some changes, man, you're making some fucking |
| 1093 | 03:10:06,329 --> 03:10:15,359 | waves, and you're riding that motherfucker out on your surfboard and leaving them behind. And you want them to know about it before it even starts. Don't |
| 1094 | 03:10:17,669 --> 03:10:32,459 | when it comes to work, and you ain't there no more than No, no. Send them a fucking card three weeks later. I'm on the beach. Fuck off. See? Your family. |
| 1095 | 03:10:34,079 --> 03:10:43,109 | First of all Fight Club. We don't talk about fight club. Because they're not going to tell you what you want to hear. They're only going to tell you their |
| 1096 | 03:10:43,109 --> 03:10:52,289 | fears and reasons why they wouldn't do it. And so why the fuck are you going to invite them in the conversation? They won't understand what you're doing. You |
| 1097 | 03:10:52,289 --> 03:10:59,759 | barely do. So why are you allowing anybody else outside of what you're trying to learn? to influence you because they're going to influence you? Why? Because you |
| 1098 | 03:10:59,759 --> 03:11:09,299 | love them. That's normal. I did the same thing. And not one of my family members. Not fucking one of them said, You know what? Michael? You fucking |
| 1099 | 03:11:09,299 --> 03:11:16,739 | deserve that shit. If anybody's gonna do it, boy, you are going to do it. And you're gonna fucking be the trailblazer. You're the fucking one. Not one of them |
| 1100 | 03:11:16,769 --> 03:11:25,799 | even gave me a fucking incursion. Oh, like, I hope you do. Well, all of them said. You're right, you're gonna be just like the rest of us. The rest of us. |
| 1101 | 03:11:27,179 --> 03:11:37,619 | The rest of us. Motherfuckers. You, you retired. We're still working in retirement right now. I've been retired. |
| 1102 | 03:11:42,840 --> 03:11:54,240 | Every one of my family members has money owed on their fucking homes if they own one. I have family members in my wife side that are all broke. And I've tried |
| 1103 | 03:11:54,240 --> 03:12:04,710 | helping them. I put them in homes, I put them in vehicles, I've given them money, and they still shit the fucking bed and blow the shelves out. Some people |
| 1104 | 03:12:04,710 --> 03:12:15,900 | you can't help. You can't help everybody in your family. And you think I'm going to tell my friends because I love them. They're my boys and my girls. It's my |
| 1105 | 03:12:15,900 --> 03:12:27,420 | clique. It's my people. It's my tribe. This is my circle. I'm looking out for him. I'm going to tell them what I'm doing. That's what marketing marketing. |
| 1106 | 03:12:27,720 --> 03:12:41,460 | Multilevel Marketing capitalizes on the tendency for humans to want to do that. I'm telling you don't see a difference in the way I'm teaching upside down to |
| 1107 | 03:12:41,460 --> 03:12:53,100 | everything else. Because this is what works fuckable shit. Your friends are going to want to learn what you're doing. Once you arrive, then you'll have |
| 1108 | 03:12:53,100 --> 03:13:04,710 | experienced and you can probably tell them better right now. It's a pipe dream to you and them until you really do it. Stop making your fucking business, |
| 1109 | 03:13:05,490 --> 03:13:14,820 | somebody else's business to run. Mind your own fucking business. And don't let nobody else run your fucking business. They ain't gonna run it like it needs to |
| 1110 | 03:13:14,820 --> 03:13:24,270 | be ran. Their input is menial, menial and miniscule compared to what you're expected to do on your own here putting the work in showing up every fucking |
| 1111 | 03:13:24,270 --> 03:13:31,950 | day. They're going to take days off every fucking day off to them. And you're going to let them into the conversation by saying, Here's what I'm doing. I'm |
| 1112 | 03:13:31,950 --> 03:13:41,340 | going to be doing this as my goals. And they're gonna feel like what? Oh, shit, they gotta go. They're trying to do something most people don't. They're trying |
| 1113 | 03:13:41,340 --> 03:13:47,820 | to muster up enough strength to get out of fucking bed the director has to work. And you're talking to them how you're going to change your whole fucking family |
| 1114 | 03:13:47,820 --> 03:14:01,200 | tree. You're changing the whole trajectory of your finances going forward supercharging it for all of your siblings and offspring behind you once you |
| 1115 | 03:14:01,200 --> 03:14:13,890 | arrive. Nobody wants to hear that, especially when they had no resolutions and their own life. Consider your friends right now. Who among your friends are |
| 1116 | 03:14:13,890 --> 03:14:28,290 | successful? Chances are you probably don't have many friends that are successful. Most people don't. I didn't. I was the one. I was the one that grew |
| 1117 | 03:14:28,290 --> 03:14:40,890 | up out of all that bullshit. And I tried my ass off to bring them with me. I had just barely enough sometimes not enough to keep myself going, let alone |
| 1118 | 03:14:40,890 --> 03:14:51,360 | encourage them when they felt the adversities. So you're asking to win something that you can't win. That's a that's a battle that you can't win. You can't |
| 1119 | 03:14:51,360 --> 03:15:01,260 | encourage them when you haven't done it yet. And don't think you're really doing is wanting them to think that you're making money moves Hashtag making money |
| 1120 | 03:15:01,260 --> 03:15:12,060 | moves baby. You're living social media that you're doing with your fucking friends face to face. The best thing you can do is don't invite them the shit |
| 1121 | 03:15:12,060 --> 03:15:28,980 | that you ain't proven to yourself yet. And don't invite criticism. When you haven't even found your way yet first rule of fight club, we do not talk about |
| 1122 | 03:15:28,980 --> 03:15:37,650 | fight club. You don't tell your friends, you don't tell your family. You don't tell your co workers. What you're trying to learn here, because they're all |
| 1123 | 03:15:37,650 --> 03:15:45,930 | going to give you a report card. They're going to give you an interim report. So well how you doing in your selling, so making any money yet. I see you're still |
| 1124 | 03:15:45,930 --> 03:16:00,300 | coming to work, motherfucker. That's what you're gonna get. That's what I got. Until that day, until that fucking day when we yeah, we gave me the move I was |
| 1125 | 03:16:00,300 --> 03:16:13,050 | looking for. Fuck all of you. I'm out peace. And I told him keep my last fucking paycheck. And I never came back for it. And he never mailed it. Think about |
| 1126 | 03:16:13,050 --> 03:16:23,280 | that. Yes, that's what it felt like, I didn't give a fuck. And you won't give a fuck either. You won't care about all the people that you know would have |
| 1127 | 03:16:23,280 --> 03:16:33,240 | doubted you if you brought them into the conversation. But don't bring them into it. Don't do that. Because it's going to be distracting. You love your friends, |
| 1128 | 03:16:33,330 --> 03:16:42,930 | and you should their extended family. And you love your family even though it is dysfunctional as these motherfuckers are, you love them. You don't want them |
| 1129 | 03:16:42,930 --> 03:16:50,340 | over your fucking house on Christmas. You don't want to see them on Thanksgiving, but you still love them. But these are the same motherfuckers that |
| 1130 | 03:16:50,340 --> 03:17:02,520 | you're about to invite to the board meeting of corporation, you, you incorporated, you're in you're making them fucking honorary board members. have |
| 1131 | 03:17:02,520 --> 03:17:09,270 | you incorporated? What the fuck are you doing that for? You already don't want to spend time with them. But you're going to invite them to the conversation |
| 1132 | 03:17:09,270 --> 03:17:18,270 | about how you're going to find success doing this. Don't do that. Don't do it. You're setting yourself up for failure right away because it's going to be |
| 1133 | 03:17:18,270 --> 03:17:27,780 | mentally draining. Not only do you have to keep up with the pace I'm going to put you through in the natural learning curve of going through the process |
| 1134 | 03:17:27,780 --> 03:17:40,860 | yourself. Position isn't easy. You have to wrestle it yourself. And you're inviting all of the toxicity that lazy motherfuckers that everybody has in their |
| 1135 | 03:17:40,860 --> 03:17:48,750 | family and their friends and their co workers with your co workers. Look what you get away with it were some of you motherfuckers are listening to me fucking |
| 1136 | 03:17:48,750 --> 03:18:00,600 | off on Twitter spaces while I'm going off. And you should be working you cheating them in you getting paid to do something. And your heads in the fucking |
| 1137 | 03:18:00,600 --> 03:18:08,160 | charts. Listening ICP fucking videos on a slide keeping your fucking phone hidden underneath your fucking coffee cup. Moving shit, let me see where he's at |
| 1138 | 03:18:08,160 --> 03:18:21,210 | right now. You got the I'm talking about you know exactly what I'm talking about. So if you're trying to cut corners, and slacking off, how do you think |
| 1139 | 03:18:21,210 --> 03:18:29,760 | your friends and co workers gonna feel when you start finding success? It's kind of call static. Versus now let me give you the flip side of this is the right |
| 1140 | 03:18:29,760 --> 03:18:43,230 | way of doing it. I'm done. Quietly, quietly, just go about your fucking business this year learning collecting information, exercises, doing the drills, the |
| 1141 | 03:18:43,230 --> 03:18:53,070 | homework assignments I'm going to put you through show up every day. You don't fucking talk about it. If you know your fucking spouse would lose their fucking |
| 1142 | 03:18:53,070 --> 03:19:01,320 | mind about what you're doing here. Just for this year. You don't say anything. If you can't make it work, it was no harm no foul, you'll never hear them |
| 1143 | 03:19:01,320 --> 03:19:09,330 | complain to you about See I told you or you fucking did this and did that is quietly do it. It's not costing you any money. They're not going to be mad. But |
| 1144 | 03:19:09,330 --> 03:19:14,760 | they will be mad if they think that you have emotionally and psychologically committed to something and then you can't find success with it. They're going to |
| 1145 | 03:19:14,760 --> 03:19:19,860 | constantly find a way to constantly throw that bring it shut up in your face all the time. Remember at one time when you thought that guy on the internet fucking |
| 1146 | 03:19:19,860 --> 03:19:27,030 | scammer he says don't do this, do that and all of a sudden would happen not that you're still fucking working you fucking failure thrown up in your face. Maybe |
| 1147 | 03:19:27,030 --> 03:19:36,570 | not to that degree, but it'll happen. It'll come up when you don't want to. The best thing you can happen. The thing, best thing you can do is just go through |
| 1148 | 03:19:36,570 --> 03:19:47,160 | the process of learning how to do this quietly. Keep it personal. Your business is your business. You're at the helm. Don't make no waves don't mean the waves. |
| 1149 | 03:19:48,540 --> 03:20:00,900 | They're static unless you make it how you get to that. You got to rub up against some friends, neighbors, co workers keep this part away from everybody. Got it? |
| 1150 | 03:20:02,970 --> 03:20:12,870 | Is it seed right now? A small little seed, you can choke that seed. You don't want that to happen, let it germinate, let it do what it needs, it takes some |
| 1151 | 03:20:12,870 --> 03:20:21,990 | roots. And then when that bit starts growing and producing fruit, you ain't going to need to talk about it. They're gonna see it. And we're doing it |
| 1152 | 03:20:21,990 --> 03:20:29,280 | differently. And when they find it in their heart to ask you, Hey, what are you doing differently? There's something peculiar about the way you're living your |
| 1153 | 03:20:29,280 --> 03:20:36,930 | life. Now, what was the changes that made you do what you're doing here? You look like you're finding success and what the fuck is gone. You stopped coming |
| 1154 | 03:20:36,930 --> 03:20:47,220 | to work, man, where you've been? Then guess what? You're equipped to talk about it, and you have been there? And you can say, Yeah, you know, this is the way |
| 1155 | 03:20:47,220 --> 03:20:54,030 | I've learned it. And this is what the guy said, I should have done. And he was right. And other people that aren't gonna listen to this, they want their |
| 1156 | 03:20:54,030 --> 03:21:05,700 | girlfriends to be a part of it. Nope, a divided mind. Can't have it. Because you're all gonna do things differently. You're gonna see a buy, they're gonna |
| 1157 | 03:21:05,700 --> 03:21:14,010 | see a cell, wait a minute, what made you and even the NMRC like it was with my uncle, when I tried to teach him what I was learning. I'm not sure if you heard |
| 1158 | 03:21:14,010 --> 03:21:23,610 | that. That's my oldest son in the house, he's playing Xbox Live, you must have killed. So Mike. The point is, keep the focus on you. |
| 1159 | 03:21:25,469 --> 03:21:35,279 | Do not invite other people to be able to provide you a commentary or give their opinion about why you're doing what you're doing, why it should be done |
| 1160 | 03:21:35,279 --> 03:21:44,849 | differently. Or why it's a waste of time. You taste it yourself, you find your own success, and everything that you would want to share with them. You'll have |
| 1161 | 03:21:44,849 --> 03:21:55,019 | experience and the receipts to share. And you'll be much more effective than doing right now. You don't know anything. You don't have any way of encouraging |
| 1162 | 03:21:55,019 --> 03:22:05,759 | them except for the upside that's possibly there. But you don't know because you haven't done it yet. And you don't want to be that friend that got somebody |
| 1163 | 03:22:05,759 --> 03:22:14,609 | involved in meme stocks, like these people on Reddit did. How many people you think had static in their friendships now after, hey, look, we're all on this |
| 1164 | 03:22:14,609 --> 03:22:22,109 | Reddit group, and this and that. And we're all gonna make money because we're gonna beat the hedge fund managers are all fucking broke now. Hedge Fund |
| 1165 | 03:22:22,109 --> 03:22:34,379 | Managers still there. But all those people on Reddit or regret in life right now, too, don't invite toxicity. Don't make a divided mind condition where you |
| 1166 | 03:22:34,379 --> 03:22:43,769 | have friends and family members or co workers that you're trying to make profitable with you. Because I even did that with my uncle who knew about |
| 1167 | 03:22:43,769 --> 03:22:52,769 | trading and was able to make money by luck and sugar, made some money bought a condominium down in ocean shore. I'm sorry, Ocean City, eastern shore of |
| 1168 | 03:22:52,769 --> 03:23:03,569 | Maryland, which was accomplishment back then. But he couldn't find he still can't. And he's gonna be honest with you. He's miserable. He retired from |
| 1169 | 03:23:03,569 --> 03:23:15,599 | Verizon. gotta buy out from Verizon, would spend an hour and a half one way, driving down to Virginia from Maryland. Okay. It was more on his house than he |
| 1170 | 03:23:15,599 --> 03:23:29,219 | has ever owed. And the house was $80,000 Back in the 80s. And it was more than that now in the hundreds of 1000s of dollars in debt, retired. And once he |
| 1171 | 03:23:29,219 --> 03:23:43,559 | retired, he ran a lawn cutting business. And now he's now delivering auto parts for some kind of auto parts place. And I asked him, I said, Why are you working? |
| 1172 | 03:23:44,789 --> 03:23:55,859 | And they replied, he's miserable. He's not doing what he wanted to do as a young man. Because he had a taste of it, and never could do it. And what was his |
| 1173 | 03:23:55,889 --> 03:24:02,519 | problem? He couldn't accept me said it right from his own mouth. When we drove around one day and I told him I said, I want to help you learn how to do this. |
| 1174 | 03:24:03,359 --> 03:24:14,279 | He cried to me, broke down and cried and admitted he goes every time you tried to tell me something. I want to do what ever you said and do the opposite of |
| 1175 | 03:24:15,059 --> 03:24:25,409 | because I'm jealous. I I brought you to this. When you were 15 years old, I was talking to you your grandma's house. 14 and 15 years old he was talking to me |
| 1176 | 03:24:25,409 --> 03:24:34,259 | all the time. richest people in the world Michael trade futures and options. Get yourself a good job got to become an electric electronic technician. Like he was |
| 1177 | 03:24:34,259 --> 03:24:42,749 | at the time at Westinghouse and learn how to trade futures. And I didn't want to hear that shit. I was like, What the fuck? I'm gonna martial arts. I don't give |
| 1178 | 03:24:42,749 --> 03:24:54,089 | a shit. I wasn't even interested in girls, martial arts. I'm gonna have my own martial art school. And here I am running up a fortune in his home renting his |
| 1179 | 03:24:54,119 --> 03:25:07,829 | bedroom from him for 50 hours a week. He watched me do it hanging in his wife would ask me to pay for vacations, pool liners when they needed one new fence |
| 1180 | 03:25:07,829 --> 03:25:15,149 | was the that was it that was a breaker. For me. i That's just like, No, I'm getting taken advantage of raise the rent if you want. Okay, but stop asking me |
| 1181 | 03:25:15,149 --> 03:25:26,099 | to pay for stuff. I knew that. That was the that was the uncomfortable point I needed to get out of there. But I tried to teach him and he wouldn't do it. |
| 1182 | 03:25:26,519 --> 03:25:35,189 | Everything I said he would do the opposite. And then when I heard him, tell me in tears, he goes, I'm jealous. Because why does God let you do this? And not |
| 1183 | 03:25:35,189 --> 03:25:46,229 | let me and I said, ever stop and think that God allowed me to learn how to do this. And now I'm your nephew. And I could literally hold your hand doing it. |
| 1184 | 03:25:46,439 --> 03:25:49,619 | But your ego and pride won't let you do that. |
| 1185 | 03:25:55,200 --> 03:26:08,910 | Family members and friends aren't easy targets to save and change from their present state. You can't fix them. They want to fix themselves or they won't fix |
| 1186 | 03:26:08,910 --> 03:26:18,060 | themselves. And my uncle was a perfect description of someone that's in denial. They don't want to learn from someone that knows how to do it because they have |
| 1187 | 03:26:18,060 --> 03:26:27,810 | personal conflicts that they're wrestling with. Here I am sitting right there in front of them. Tell him I'm buying this right now Uncle Stan, call your broker |
| 1188 | 03:26:27,900 --> 03:26:35,790 | and do the same order right now. What does he do? He fades and goes other fucking direction and then loses his fucking money. And he stomped around the |
| 1189 | 03:26:35,790 --> 03:26:44,010 | back of the house throwing shit around the house. And I'm like, what's wrong? You can get to target that. Are you still holding it? No. Don't talk about later |
| 1190 | 03:26:44,010 --> 03:26:52,920 | on. He's pissed off smoking cigarettes. And he's not a smoker. Like what the fuck? Are you smoking cigarettes work? I just started what? Something's wrong. |
| 1191 | 03:26:54,000 --> 03:27:06,480 | Something's wrong. You start smoking your middle aged, okay. And I'm like, Okay. And then he goes, what did you get out of it? In bonds? 15 minutes. We're close. |
| 1192 | 03:27:10,470 --> 03:27:20,220 | You went long. So short today. I said, What do you do put it in the wrong order? Just now? I wasn't sure. I know. I know. I want to talk about well, apparently |
| 1193 | 03:27:20,220 --> 03:27:27,990 | you do. You fucking brought it up. Okay, I'm walking away from you. You're, you're bringing it up. And everything he did in his account. He showed it to me, |
| 1194 | 03:27:28,020 --> 03:27:44,610 | everything was fading me. Does that sound like someone that is trying to do the right thing or trying to compete with their nephew. It's competition. So friends |
| 1195 | 03:27:44,610 --> 03:27:52,800 | and family and co workers are going to do what it's going to invite that same social media armwrestling match. I'm better than you, you're better than me, Oh, |
| 1196 | 03:27:52,800 --> 03:28:03,120 | I hate you. You got more influence over the more people than I do. I'm jealous of you. Fuck that, that does not make you money. And you can't fix your friends |
| 1197 | 03:28:03,150 --> 03:28:13,080 | and family and co workers you can't. You don't know what you're doing it. Once you're able to do it, you can say, hey, this is what I did to do this. And it's |
| 1198 | 03:28:13,080 --> 03:28:20,640 | gonna take a lot of work. There it is. It's easy to do it that way, but not going to fault you because they see what you're doing now. Or then when you get |
| 1199 | 03:28:20,640 --> 03:28:33,690 | to successful level speculation. And it removes any invitation for someone to bring toxicity to what you're doing and distract you. I've already warned you up |
| 1200 | 03:28:33,720 --> 03:28:40,380 | front, it's going to be painful. It's going to be boring. It's going to be work, it's not going to be easy. You're going to feel like you're second guessing |
| 1201 | 03:28:40,380 --> 03:28:46,830 | yourself all the time. Because like you're never gonna get it in the beginning. And it's normal. It's all part of this. It's absolutely part of every facet of |
| 1202 | 03:28:46,830 --> 03:28:55,290 | learning how to do this. Nobody tells you that in their coursework. Nobody tells you in advance and I told everybody before they join in on an internship, it's |
| 1203 | 03:28:55,290 --> 03:29:05,130 | going to be hard and I would be better for you not to fucking join the last group I tried to talk them out of it. Guess what? Tell them realize once again |
| 1204 | 03:29:05,130 --> 03:29:21,900 | Wow, this is a lot more thought was? Yeah. You're competing with yourself. And look how formidable you are. When you want shit your way. You just like me, they |
| 1205 | 03:29:21,900 --> 03:29:33,510 | name roads after you one way. And if you're used to doing it your way, and your way is counterintuitive. And counterproductive to how I'm telling you the proper |
| 1206 | 03:29:33,510 --> 03:29:43,530 | way of learning how to do this is this wrestling match is gonna go on and long time before you relinquish your grasp on what you think you should be doing and |
| 1207 | 03:29:43,530 --> 03:29:54,450 | how you should be learning versus someone that knows how to do it and can do it and is teaching you properly and stop armwrestling mean a whole lot of mental |
| 1208 | 03:29:54,480 --> 03:30:03,750 | baggage that you have to contend with when you're brand new things that you're going worry about that aren't really worth worrying about. But they're they feel |
| 1209 | 03:30:03,750 --> 03:30:09,450 | like they should be worried about. And the things that you should be focusing on and concern yourself with, you're not going to want to do it because it feels |
| 1210 | 03:30:09,450 --> 03:30:19,650 | like there's no benefit in that right now. And that's where people fall victim. Trading. Once you know what you're doing, and know what you're looking for, is |
| 1211 | 03:30:19,680 --> 03:30:35,340 | easy. Finding successful, profitable setups is easy, absolutely easy. It's next to impossible in the beginning, because you're in the way you want to be taught |
| 1212 | 03:30:35,340 --> 03:30:49,530 | this way, this style, you want me to put my videos up this time of the day all of that is going to be a conflict internally for you. And you have to adjust and |
| 1213 | 03:30:49,530 --> 03:30:58,950 | adapt just like you'll have to do as a speculator, the markets aren't going to deliver a set up every single day like you want it to, you might go in with a |
| 1214 | 03:30:58,950 --> 03:31:05,850 | bias that's bullish, and it gives you a clear reversal. You know, if you try to do what you're trying to do at the beginning of the day, now it's going to |
| 1215 | 03:31:05,850 --> 03:31:13,980 | result in a loss. Are you going to take the reversal? Some of you will be no, I'm never gonna do that. And it's going to close my charts. And guess what, |
| 1216 | 03:31:14,190 --> 03:31:21,210 | that's wisdom. Others are going to be more flexible. So you know what, this is what I was expecting. It's not there, it's obviously going to be lower, I'm |
| 1217 | 03:31:21,210 --> 03:31:27,960 | changing gears, I'm adapting, I'm going in no problem, guess what doesn't make you a better trader. This means that you know yourself better than the next |
| 1218 | 03:31:27,960 --> 03:31:37,950 | person. And others are gonna say, Fuck you, I'm not going to change my bias is the way it is. And if I get stopped out, I'm okay with that. And guess what? |
| 1219 | 03:31:38,460 --> 03:31:45,810 | That's wisdom. You know yourself, you're not going to be wrecked emotionally, psychologically, because you took a loss, you know that, chances are, you're |
| 1220 | 03:31:45,810 --> 03:31:57,570 | probably going to lose, but you're going to follow this system, and you're going to keep the loss at a minimum. Okay? All three of them are right. All three of |
| 1221 | 03:31:57,570 --> 03:32:10,680 | them have different results. All three of them are comfortable with the results, see a difference there? Versus it has to be the best outcome all the time, or |
| 1222 | 03:32:10,710 --> 03:32:21,060 | it's unacceptable. That's what new traders like me when I first started, that's what I thought was realistic. It's not. Books and teachers and gurus have a |
| 1223 | 03:32:21,060 --> 03:32:28,080 | tendency, and I am guilty of this too. If you just watch a few of my videos at certain points. It sounds like it's a sugar fest. Like it's easy, go out there |
| 1224 | 03:32:28,080 --> 03:32:35,010 | and pluck the dollar bills off the tree, and it's going to be a cakewalk for everybody. No, if you listen to every one of my videos, you'll hear me talk |
| 1225 | 03:32:35,010 --> 03:32:43,590 | about what I've been bloviating here, you're gonna have to work your ass off, and you're gonna have adversities, you're gonna have things, challenge you. And |
| 1226 | 03:32:43,590 --> 03:32:52,500 | that's good. You want that, because when you go through those moments, and you press through, and you can still find consistency, you're never going to be |
| 1227 | 03:32:52,500 --> 03:33:01,980 | fearful of going into drawdown, it isn't going to be a factor for you to want to quit. And you need that. Because there's gonna be lots of things that's going to |
| 1228 | 03:33:01,980 --> 03:33:08,730 | make you want to quit. The easiest way for you not to want to quit is don't trade with live money until you know exactly what you're doing. Because |
| 1229 | 03:33:08,760 --> 03:33:19,950 | everybody quits when they start trading with an account with real money before they should everybody quits that everybody does. That's what the percentage is, |
| 1230 | 03:33:19,950 --> 03:33:28,200 | if you believe the statistics, that's why it's so high that 90% of them lose their account in the first 30 to 90 days, that's statistical probability, that |
| 1231 | 03:33:28,200 --> 03:33:38,550 | is always going to shine through on a trader that has no model, no respect of risk that goes in there and just keeps on buying over leveraging adding more |
| 1232 | 03:33:38,550 --> 03:33:49,560 | contracts, even when they're in drawdown, that type of stuff, results in that and think about what they've learned. The books, they all the same shit. Sure, |
| 1233 | 03:33:49,560 --> 03:34:00,420 | they might say, control your losses and reduce risk and have a stop loss, but they don't teach you how to wrestle with it. That's what I'm telling you. And |
| 1234 | 03:34:00,420 --> 03:34:09,090 | all these boring parts of these videos are in these spaces. This is the stuff that you need. You need this, you need this more than you need an entry pattern. |
| 1235 | 03:34:10,170 --> 03:34:22,890 | You need this more than you need to know how to know when our fair value gap is gonna stay open. You're making mountains of ant hills. And you're trying to |
| 1236 | 03:34:23,220 --> 03:34:31,920 | climb Mount Everest in shorts, and flip flops, with other things that are more weightier. Like you're avoiding the things that I'm telling you that this is the |
| 1237 | 03:34:31,920 --> 03:34:38,160 | stuff. This is the stuff that's not in books, this is the stuff that you're going to have to wrestle with. And it's going to be the catalyst for you to |
| 1238 | 03:34:38,160 --> 03:34:49,320 | quit. How do you endure it? How do you identify as this is normal? I just got to keep doing what I'm doing. Don't do the foolish things, and I will get the |
| 1239 | 03:34:49,320 --> 03:34:50,430 | results I'm looking for. |
| 1240 | 03:34:51,750 --> 03:35:01,170 | It won't be a straight line from start to finish to success. You're going to have this ebb and flow up and down, up and down peaks and troughs. Every one of |
| 1241 | 03:35:01,170 --> 03:35:09,510 | those things needs to be logged as an experience, what you feel what anxiety is that you feel, not that you're beating yourself up. But you want to recognize, |
| 1242 | 03:35:09,660 --> 03:35:19,230 | it's realistic for you to recognize, admittedly, I'm feeling apprehension about going into the market, because the market looks like it's indecisive right now. |
| 1243 | 03:35:19,260 --> 03:35:27,600 | And I don't have a clear depiction of what I think the weekly charts gonna do. But if I have to make a decision, I would sign on the market going higher. And |
| 1244 | 03:35:27,600 --> 03:35:35,850 | this is why, and then at the end of the week, you go back and refer to how you felt about that instance, if you're right, you commend yourself, I'm glad that I |
| 1245 | 03:35:35,850 --> 03:35:44,400 | was able to have the confidence to record in my journal, not take a trade, okay, totally different. Because what you're doing is you're fortifying your mind with |
| 1246 | 03:35:44,400 --> 03:35:54,330 | positive self talk, even when you have a bad negative response, to engage or do a live session, right? And I'm expecting the market to do certain things. And |
| 1247 | 03:35:54,330 --> 03:36:02,880 | maybe humanity creeps in that day, and you see me get it wrong. You're gonna go into your journal, if you journal at all, you're gonna say, oh, yeah, ICT got it |
| 1248 | 03:36:02,880 --> 03:36:10,110 | wrong today, I'm second guessing all this stuff, it's probably feels like a scam. This isn't working today, this pattern didn't work. If there was a smart |
| 1249 | 03:36:10,110 --> 03:36:16,890 | money entity out there, it would have never let this fail. The algorithm is probably being changed. Everybody's watching the live stream. All this negative |
| 1250 | 03:36:16,890 --> 03:36:27,840 | stuff, you're dumping into your journal or coding in your head is going to compound over time. And it's going to prevent any new understanding or learning |
| 1251 | 03:36:27,930 --> 03:36:42,450 | in by your experiences with the content. And me sharing it with us live. You won't learn. You're building up walls. And it feels like you're protecting |
| 1252 | 03:36:42,450 --> 03:36:52,050 | yourself from a letdown. You don't want to do that in your journal, in your journal. If you do something wrong, or if we experience a an outcome that was |
| 1253 | 03:36:52,080 --> 03:36:58,560 | not favorable, like we were wanting something to pan out in the workplace, and it doesn't happen. You can go into your journal and say, Okay, this is what we |
| 1254 | 03:36:58,560 --> 03:37:08,280 | were expecting. I was expecting to see this happen in the market. But we observed this, what I taken away from this instance is I shouldn't be worrying |
| 1255 | 03:37:08,280 --> 03:37:17,730 | about the amount of money because even though this was wrong, it would have been a measured amount of risk that it's palatable for me. So this is not a letdown. |
| 1256 | 03:37:17,730 --> 03:37:28,470 | This is not a chasm that I can't cross, it just means this is a speed bump. And I'm excited to learn how I'm going to be able to accomplish the restitution of |
| 1257 | 03:37:28,950 --> 03:37:36,450 | any draw down that this could have created, but hasn't, and I'm thankful for that. See the difference between what otherwise would have been said by somebody |
| 1258 | 03:37:36,450 --> 03:37:45,120 | in a tweet. And I fucked up the day, I took that trade and it was a fucking loser, man, I'm never going to get this. Think about that. Some of you may not |
| 1259 | 03:37:45,120 --> 03:37:52,350 | tweet that. But you're thinking that when you do suit shit, and you're in your demo, or you're in funded account, versus what I just said, moments before that |
| 1260 | 03:37:52,830 --> 03:38:05,790 | were recording, positive self talk, you never you never ever, ever beat yourself up in reflection. Never do that. That's why women look in young men to look at |
| 1261 | 03:38:05,790 --> 03:38:13,680 | themselves in the mirror. And they think they see an ugly person. They think other people see an ugly person, because maybe someone said something stupid to |
| 1262 | 03:38:13,680 --> 03:38:20,700 | him on social media, or they are not getting recognized for what they think they should look like. And they start having hate towards hatred toward themselves. |
| 1263 | 03:38:21,330 --> 03:38:29,010 | You're ugly, I need to do this, I need to lose weight, I'm going to starve myself, I'm getting a nose job, I'm getting whatever. Instead of learning how to |
| 1264 | 03:38:29,010 --> 03:38:38,730 | cope with it, and say, You know what? That person might not find me terribly attractive. But fuck them, I'm not sleeping with them. I don't have a |
| 1265 | 03:38:38,730 --> 03:38:45,750 | relationship with them. I am going to find someone if I'm not already in a relationship with somebody. And they're gonna love me for who I am, because I'm |
| 1266 | 03:38:45,750 --> 03:38:58,410 | providing them a wholesome partnership. And I want that, and they see past what I look like. So it's self talk. That's something that I had to learn. When I was |
| 1267 | 03:38:58,440 --> 03:39:07,860 | battling high anxiety. I had debilitating anxiety and agoraphobia and a fear of being I couldn't I could never have done what I'm doing with with you right now. |
| 1268 | 03:39:08,340 --> 03:39:16,770 | I don't know how many people are listening or even stayed with me this long, but I would never be able to do what you've seen me do today. I'll be too concerned |
| 1269 | 03:39:16,770 --> 03:39:30,840 | about the opinions of other people because of who I am. And the way I'm I was brought I was raised I was brought up and I had deep scars that were childhood |
| 1270 | 03:39:31,410 --> 03:39:43,380 | based, not trade based, not performance based, okay, but their childhood scars, and I've lived my life even if 50 years old. I can tell you honestly, where I |
| 1271 | 03:39:43,380 --> 03:39:55,290 | feel these things. And it's because of things that I encountered as a child. Not having my parents raised me in not having the the affection or the encouragement |
| 1272 | 03:39:55,320 --> 03:40:06,240 | of my parents. So I teach my kids hard But they all know I love them. They all know I'm looking for them to do well. And that's when I'm talking to them in |
| 1273 | 03:40:06,240 --> 03:40:15,300 | these presentations and you feel like I'm talking to you. That's why you like listening to me because you get that father figure mentality from me because I |
| 1274 | 03:40:15,300 --> 03:40:25,050 | am being the father to my kids here. When I'm talking like this, I'm thinking of Caleb, I'm thinking of Cody, I'm thinking of Hayden, I'm thinking of Cameron. |
| 1275 | 03:40:25,380 --> 03:40:33,300 | I'm thinking about them. They're in my mind as I'm talking, sometimes one face more than the other, because of the things that they do, or things that they |
| 1276 | 03:40:33,300 --> 03:40:43,500 | won't do when I tell them to do it. So soft talk is really important, being positive about even a negative experience. Because every person and I learned |
| 1277 | 03:40:43,500 --> 03:40:53,670 | this from Linda Bassett. If you have anxiety, if you ever had a anxiety or panic attack, which I had many times as a young man almost daily, multiple times, to |
| 1278 | 03:40:53,670 --> 03:41:01,800 | the point where I felt like I was having a stroke or heart attack. And I'd go to the emergency room sometimes in the ambulance, put me on the EKG, hearts fine. |
| 1279 | 03:41:01,830 --> 03:41:08,160 | There's nothing wrong with you in 10 minutes. Soon as they told me, I was fine. Heart rate normal. I'm fine. I don't feel like I'm gonna pass out and I'm |
| 1280 | 03:41:08,160 --> 03:41:15,870 | hungry. Let's go do something and everything's back to normal. I just need someone who I believed because they were white coat. And I had white coat |
| 1281 | 03:41:15,870 --> 03:41:25,050 | syndrome. Meaning when you get around doctors, your blood pressure goes up. They're gonna give you bad news. You got a terminal illness. It's crazy shit, |
| 1282 | 03:41:25,050 --> 03:41:34,080 | but it's a real phenomenon. And until there's doctors physicians would say you're fine, then I was fine. But before I heard them, say it, I wasn't fine, |
| 1283 | 03:41:34,140 --> 03:41:42,390 | high anxiety. 200 beats per minute. That's what my heart attack in it and they said, Look, if you don't calm down, we have to give you something because your |
| 1284 | 03:41:42,390 --> 03:41:53,010 | heart will burst. What does that tell me? You're dying of a heart attack. I'm even faster. And my hands are creeping up. My fingers are curling, my wrist is |
| 1285 | 03:41:53,010 --> 03:42:01,770 | curling, my forearm is curling, my legs are drawing up into my midsection, because I blew off all my co2. And I'm thinking I'm fucking dying. I'm literally |
| 1286 | 03:42:01,770 --> 03:42:11,760 | rotting in my flesh right now. That's what's going on my mind. It's rubbing up. That's what anxiety can do to its madness. It's crazy. And I learned coping |
| 1287 | 03:42:11,760 --> 03:42:21,660 | skills from Linda Bassett. Attacking anxiety is a wonderful book, even if you don't have anxiety, it's a good read. Because chances are you're going to meet |
| 1288 | 03:42:21,660 --> 03:42:29,520 | someone or someone that's in your circle of friends and family are going to suffer from anxiety or have a panic attack. And you'll recognize it because you |
| 1289 | 03:42:29,520 --> 03:42:42,150 | understand from reading that book, how to cope with it. And the first coping skill I learned from her is distraction. I would wear my watch. And the first |
| 1290 | 03:42:42,150 --> 03:42:50,340 | thing is you want to look at your sweep secondhand on your watch. You don't want to use a digital. Okay, that's why all my watches, I'll have a sweep secondhand. |
| 1291 | 03:42:51,300 --> 03:43:01,620 | No matter what watch brand, I have to have a sweep secondhand, because it just gives me a sense of security, knowing that if I'm in a place, a mountain public, |
| 1292 | 03:43:02,370 --> 03:43:12,180 | and like when I was waiting for my son to have a surgery on Friday, that's why I was quiet on Twitter. That's why there was no trades taken on Twitter on Twitter |
| 1293 | 03:43:12,180 --> 03:43:23,160 | space is not like that. He had a surgery, probably like the end of surgery on his throat since he was little one. And I didn't have anxiety going in. But when |
| 1294 | 03:43:23,160 --> 03:43:33,000 | he told me his surgery was supposed to ended by 1030 didn't come out to get me in the waiting room. And here it is. It's 11 o'clock. And now it's 1110. And I |
| 1295 | 03:43:33,000 --> 03:43:41,910 | don't see his number updated on the screen. It says he's goes from surgery to post up recovery. So he's still under anesthesia, my mind which they didn't |
| 1296 | 03:43:41,910 --> 03:43:46,920 | update the thing. And they didn't know I didn't bring myself on, which is also why I didn't tweet yesterday because I didn't make myself and otherwise I've |
| 1297 | 03:43:46,920 --> 03:43:53,340 | been tweeting like a storm, distracting myself. But then I started having a bit of anxiety. I'm like, I hope everything's okay. But you can't go back there |
| 1298 | 03:43:53,340 --> 03:43:59,670 | because of COVID bullshit that doesn't exist anymore. You can go around other people, okay, people were going around other people all the time, who were |
| 1299 | 03:43:59,670 --> 03:44:08,070 | wearing masks for Foxy. So if my loved one is back there, let me go back there. But they don't like to do that John Hopkins down here in this room. Like it's |
| 1300 | 03:44:08,070 --> 03:44:15,390 | like it's tight as a bull's ass in there. You can't do this. You can't do that. You can't go here can go there. And I'm waiting in the lobby, wait and wait and |
| 1301 | 03:44:15,390 --> 03:44:21,750 | wait. And so I was like, Okay, I'm feeling anxious. I look at my sweep second hand on my watch, and I do exactly what I've learned from Linda Bassett. |
| 1302 | 03:44:23,040 --> 03:44:32,430 | You'd literally count the seconds. Every time that sweep second hand goes to one more second interval. It takes around the face of the clock. You're saying the |
| 1303 | 03:44:32,430 --> 03:44:44,940 | number and counting it. You cannot it's impossible. It's impossible to do two seconds or two minutes of rotation around that. If you're counting out loud. |
| 1304 | 03:44:46,140 --> 03:44:53,880 | Either whisper or with your lips. looking and watching that sweet second hand. Whatever scary thing or negative thought you were thinking that you were making |
| 1305 | 03:44:53,880 --> 03:45:01,770 | yourself scared and anxious about in two minutes. It goes away. You're distract you have to distract yourself. I find that negative thoughts, every panic attack |
| 1306 | 03:45:01,770 --> 03:45:12,720 | every anxious moment, every feeling of rage starts with a moment of a thought or response to something. So as soon as you feel that if you're in a bad trade, |
| 1307 | 03:45:13,200 --> 03:45:19,620 | okay, and you feel like you're gonna get stopped out, and you're just worrying about but you're not going to fucking close a trade. Look at your second hand on |
| 1308 | 03:45:19,620 --> 03:45:26,310 | your watch, you should have a watch. I don't care if it's a fucking Casio, I don't give a shit. The Sweep second hand on the watch. And you literally |
| 1309 | 03:45:26,370 --> 03:45:33,990 | distract yourself from watching the chart, look at your sweep, second hand on your in your clock on your on your wrist watch. Wherever it starts, as soon as |
| 1310 | 03:45:33,990 --> 03:45:45,120 | you look at it. Okay, now count one second interval 1234 You're watching the watch. You're seeing it tick, you're anticipating it, subconsciously, it ticking |
| 1311 | 03:45:45,120 --> 03:45:54,540 | forward and you're saying the number. There's no fucking way that you can worry about that stop loss. Now you're distracted. Whatever negative thought were |
| 1312 | 03:45:54,540 --> 03:46:03,270 | fearful thing is called you to be panicked. You have an anxiety moment, this, dismiss yourself if you're at work. Or if you're around other people, dismiss |
| 1313 | 03:46:03,270 --> 03:46:12,240 | yourself, go to the bathroom, go to a stall, go to outside or whatever. My thing was, I had to come home. Whenever I was out in public, I had a panic attack of |
| 1314 | 03:46:12,300 --> 03:46:24,870 | panic and anxiety. My safe spot was home. No matter where I was, I had to go home. When I got home, and I still had panic attacks, I found out that my world |
| 1315 | 03:46:24,870 --> 03:46:32,790 | was shrinking. Then I had to go to my bedroom. And I had to be in this chair in this bedroom to feel safe. And then when I had anxiety attacks there, I'm like, |
| 1316 | 03:46:32,790 --> 03:46:40,320 | where to Chicago now. It was debilitating. And I want to be around other people. Because I was afraid they were gonna say something that was gonna trigger me. |
| 1317 | 03:46:41,610 --> 03:46:50,190 | And it was all around that 911 Bullshit. That's when I was having anxiety wasn't trade related. It was all terrorist and they're gonna get you type shit. That's |
| 1318 | 03:46:50,190 --> 03:46:56,610 | why I don't give a fuck about it. Now. I don't give a shit. They could drop bombs on my house, I'm gonna fuck. instant death and instinct, Lord, I don't |
| 1319 | 03:46:56,610 --> 03:47:05,910 | worry about it. But the way you tackle your mental baggage and fear and anxiety, is you have to number one, first distract yourself. And if you're looking at a |
| 1320 | 03:47:05,910 --> 03:47:17,190 | sweep, second hand on a watch, for two rotations, that's two minutes, whatever negative feeling that's causing you to release adrenaline. You're, you're a |
| 1321 | 03:47:17,190 --> 03:47:29,700 | Ferrari, with the the shifter, the transmission in neutral, the Ferraris running, and you have the gas pedal all the way to the floor. But you're not in |
| 1322 | 03:47:29,700 --> 03:47:37,440 | gear. That's what you're creating, you're creating a fight or flight scenario. If you're watching the market and you're having anxiety, you need to turn |
| 1323 | 03:47:37,440 --> 03:47:46,650 | yourself away from the chart. Commit to the trade. But turn yourself away from the chart and look at something else. If you don't want to use a watch, you look |
| 1324 | 03:47:46,650 --> 03:47:56,160 | at something in your room, or far off. And you describe it in detail. Its shape, its color, how far away it is, how heavy it might be. And you do that for two |
| 1325 | 03:47:56,160 --> 03:48:06,750 | minutes. There's no fucking way you can stay in panic. You can't, your mind can only focus on one thing at a time, all the time. It only focuses on one thing. |
| 1326 | 03:48:06,750 --> 03:48:18,360 | So if you replace the negative, fearful inducing thoughts or negative feelings about something, you can't panic. So what's happening is you're turning off the |
| 1327 | 03:48:18,360 --> 03:48:26,880 | pump that's putting out adrenaline. And then what happens is if you don't do this, the the adrenaline that's been pushed into your body that you can't burn |
| 1328 | 03:48:26,880 --> 03:48:35,400 | off because you're that Ferrari in neutral with the gas pedal for its revving up really, really high. You're ready to go but you're staying still fight or flight |
| 1329 | 03:48:35,640 --> 03:48:43,110 | and you're doing nothing. You're sitting still in panic. You're in that trade, fearful that it's going to stop you it's fear, you're fearful, it's going to go |
| 1330 | 03:48:43,350 --> 03:48:53,250 | another direction, but you already have your stop loss, you have your target, commit to it. Turn yourself away from the chart. Look at something else. |
| 1331 | 03:48:53,310 --> 03:49:01,200 | Distract yourself just for two minutes, the adrenaline will stop. You won't release cortisol which cortisol puts you in full fucking, I gotta go to the |
| 1332 | 03:49:01,200 --> 03:49:11,610 | emergency room. Like that's when you'll start feeling body sensations tingling. Your face will tingle, your arm rotting or your hands will tingle. Okay? That's |
| 1333 | 03:49:11,610 --> 03:49:19,080 | because you're not doing anything to burn off the chemicals that your body is producing. So that way you can overcome a fearful maybe you need to fight |
| 1334 | 03:49:19,080 --> 03:49:28,320 | something bigger than stronger than you. Your body was designed and created by the Creator to give you that that nitrous oxide kick to make it across the |
| 1335 | 03:49:28,320 --> 03:49:35,490 | finish line, hopefully alive. It's still keeping your ass intact. But you're doing what you're sitting still thinking negative shit, pumping and pumping and |
| 1336 | 03:49:35,490 --> 03:49:45,720 | pumping and all of a sudden, you start feeling like you can't breathe. When you can breathe. So you distract yourself. Take your mind off of the negative |
| 1337 | 03:49:45,720 --> 03:49:56,400 | thoughts. And you count the second sweet pan around. The first minute around, you're just counting on numbers, the second pass where you where you start |
| 1338 | 03:49:56,400 --> 03:50:07,770 | counting. You count times that you're breathing Do you want to focus on relaxed breathing? In two minutes every panic attack goes away. There's no panic that |
| 1339 | 03:50:07,770 --> 03:50:19,860 | can exist in it. None. Because the cycle is you have a negative thought or a fearful thought. Boom, it starts you got to underline dump. And then all of a |
| 1340 | 03:50:19,860 --> 03:50:26,280 | sudden you start worrying about that fear of thing What if I get stopped out? What if someone says I'm a terrible trader? What if my wife comes in and feels |
| 1341 | 03:50:26,280 --> 03:50:35,370 | like I've made a bad trade you're gonna ask where I'm at. And Linda trade, I haven't made money in today, all these fearful things starts rubbing up. More |
| 1342 | 03:50:35,370 --> 03:50:45,540 | adrenaline pumps, more adrenaline pumps, you're not doing anything you sit and still, you have to distract yourself and slow your breathing. Take yourself away |
| 1343 | 03:50:45,540 --> 03:50:53,850 | from the negative thought. positive self talk is what you replace. Once you feel like you know that you're having a panic attack. In the beginning, you won't |
| 1344 | 03:50:53,850 --> 03:50:59,040 | know that you just feel like you're dying. You feel like I'm an architect, you could have a stroke, you're gonna die of cancer all in five seconds. That's what |
| 1345 | 03:50:59,040 --> 03:51:07,500 | it feels like. It feels like you're dying. Blackness is encompassing you like it's, it's a scary feeling. But once you identify what it is and how it |
| 1346 | 03:51:07,500 --> 03:51:20,820 | starting. The distraction is positive self talk, you tell yourself out loud, there is no emergency and then laugh. When you laugh, you reduce your body's |
| 1347 | 03:51:21,120 --> 03:51:34,470 | releasing endorphins. Endorphins are counter productive. Anti reaction to adrenaline and cortisol. Cortisol creates the body symptom in the more that you |
| 1348 | 03:51:34,470 --> 03:51:43,020 | start thinking about the body symptom, if you press into that, but with fear, you'll hyperventilate and not realize it and you're breathing faster and deeper |
| 1349 | 03:51:43,020 --> 03:51:50,640 | and blowing off more of your co2. And when you blow off your co2, you get lightheaded, so you feel like you're having a stroke. And then all of a sudden |
| 1350 | 03:51:50,640 --> 03:51:59,040 | you're feeling the tingling, because you blew off all your co2. And it feels like you're having a stroke. Because tingling on your arm, numbness, |
| 1351 | 03:51:59,070 --> 03:52:06,480 | lightheadedness, you're having a stroke, you're having a heart attack, when you're not, you just blew off your co2. So you have to slow your breathing down. |
| 1352 | 03:52:06,720 --> 03:52:14,520 | electric plug in oxygen levels regulate again, you distract yourself by reminding yourself, there is no emergency and laugh about what it is you're |
| 1353 | 03:52:14,520 --> 03:52:23,730 | doing. It feels weird. To just like, I'm doing this to myself again, and there's no emergency and laugh. As soon as you laugh. Your body releases endorphins and |
| 1354 | 03:52:23,790 --> 03:52:31,200 | immediately starts counteracting all the negative feelings that you're feeling from adrenaline and cortisol. Those two chemicals in your body while you're |
| 1355 | 03:52:31,200 --> 03:52:41,370 | doing nothing will create body symptoms in the body symptoms unless you replace the negative thoughts with positive self talk, talking yourself down, reminding |
| 1356 | 03:52:41,370 --> 03:52:50,310 | yourself there is no emergency. I am safe, where I'm at home is where you are, wherever you are. You're in your body that's home. And I had to teach myself |
| 1357 | 03:52:50,310 --> 03:52:58,590 | that because I felt like I was only safe in my home. I was only safe in my bedroom. I was only safe in the chair next to my computer where if I wanted to |
| 1358 | 03:52:58,590 --> 03:53:12,180 | pull up something I could find out what was going on. That's how bad you can get if you let yourself run without Elise. And then trading, you're going to find |
| 1359 | 03:53:12,210 --> 03:53:27,570 | scary shit. And it's going to put you in panic inducing situations. And it's all completely manageable. So not sure who needed to hear that. But it's all real, |
| 1360 | 03:53:27,570 --> 03:53:39,390 | real shit. So I've talked to you this morning. I've been going for a number of hours. And yeah, we're gonna close this one now. I think it's time for me to |
| 1361 | 03:53:39,390 --> 03:53:49,950 | grab some food. I'm hungry. So I will touch base with you while by the way have a video later on this evening. It will be a short one, I promise. And we'll |
| 1362 | 03:53:49,950 --> 03:53:59,400 | touch base with each other on Tuesday. Tomorrow's a holiday I think. So I'm not gonna be doing anything market related there. So we'll we'll resume on Tuesday |
| 1363 | 03:53:59,400 --> 03:54:08,910 | morning. I'll touch base with you about quarter after eight. New York local time on Tuesday. Until then, enjoy your Sunday and be safe |