016-ict-tw-spaces-20221014-Volatility-Romance-original
Last modified by Drunk Monkey on 2022-12-29 08:29
Outline
00:59 - What the hell is going on in the market?
02:15 - Fighting the urge to cowboy up in this environment.
07:28 - This volatility has never been seen before -.
13:25 - Volatility can sweet talk you like a siren.
16:13 - The jerk that put a list of pendants against the property.
22:34 - Why he doesn’t sugarcoat anything.
28:51 - When you have a period of drawdown and you get into a trade, the first impulse is to get your money back.
32:14 - How to use a razor to get your edge back.
39:47 - What happens when you’re trying to do something you are not equipped for.
46:22 - Mark’s current mindset and how it drives him.
53:08 - What’s going on in the market today -.
55:51 - Why I’m going to be wrong until proven wrong.
01:02:06 - How to align yourself with what the marketplaces are doing.
01:07:58 - Sometimes I cuss like a sailor.
01:11:46 - Are these instances going to creep into your own life?
01:18:41 - The worst thing that can happen is you’re going to go in there and start clicking buttons and pushing buttons.
01:21:51 - Caveman has this desire to do his live streams, but he’s unable to do so.
01:25:20 - What is the psychology of a trader?
01:30:24 - Don’t treat the market like the market is the lottery.
01:36:37 - Every day it’s an everyday instance -.
Transcription
| 1 | 00:00:59,850 --> 00:01:14,370 | ICT: Well, well, well. Finally. Finally, I think teams coming back to ICT cities, Twitter spaces. They were trying to keep me from signing on with the |
| 2 | 00:01:14,370 --> 00:01:23,880 | fine folks tonight. This is the third time. The third fucking time, man, it takes three times. They don't want me talking to you. They don't want me |
| 3 | 00:01:23,880 --> 00:01:38,310 | tickling your ears with all this goodness, I see the goodness. Anyway, what the hell is going on in the market? That is amazing. That's amazing volatility |
| 4 | 00:01:38,310 --> 00:01:51,840 | today. And let me just tell you, I mentioned earlier in the year, I said that we would see some pretty insane volatility. And when you look at a daily chart of |
| 5 | 00:01:51,840 --> 00:02:11,370 | the E Mini s&p, you really can't appreciate how much insanity took place today. Okay, 30 years, folks, 30 years I've been doing this. And I have never seen such |
| 6 | 00:02:12,360 --> 00:02:26,580 | monstrous volatility. Now I would be lying to you, if I said, I'm not trying to cowboy you up in this environment, because I am absolutely. I'm absolutely |
| 7 | 00:02:26,580 --> 00:02:39,330 | fighting that urge. Like today I was trying to do things that would otherwise be frowned upon by me as a mentor, obviously, I'm kind of glad in a lot of ways |
| 8 | 00:02:39,330 --> 00:02:49,740 | that I wasn't able to pull it off. Because if I would have done it, and pull down a pretty big win, it would probably inspired some of you young guys in here |
| 9 | 00:02:49,740 --> 00:02:59,940 | to try to do something like that too. And that would be the worst thing I could have done. So just know that because I felt those impulses. And don't worry, I'm |
| 10 | 00:02:59,940 --> 00:03:11,280 | going to send us a screenshot and short little recording. You can see I didn't do any other additional trades. People on the interwebs saying that I hid the |
| 11 | 00:03:11,280 --> 00:03:22,590 | rest of my trading day, and I probably blew out. You guys never never end. Just keep doing stupid stuff. But anyway, I didn't do anything more than 2075 that |
| 12 | 00:03:22,590 --> 00:03:30,930 | you saw today. And I'm so thankful. And I mentioned this in the short little vignette I did. I'm so thankful that the Lord allowed me to get out. Because |
| 13 | 00:03:31,590 --> 00:03:40,710 | what you don't know is I was sitting with Caleb, and I explained him, I said, Listen, you know, I'm going to go long here. And I want to see these buy stops |
| 14 | 00:03:40,740 --> 00:03:57,000 | taken out. And I had my limit order at 45 and a quarter initially, and something was nudging on me saying, you know, just just wait, bring it down, take about |
| 15 | 00:03:57,000 --> 00:04:08,730 | $1,000 out of it, actually try to get out before the highs taken out that I was showing you. And then to see if you can nail the the short. And I was like no, |
| 16 | 00:04:08,730 --> 00:04:24,810 | I'm not gonna do that. But this time I rolled the limit back up. And I literally just just by a little bit went below the previous time. So I was below 45. I |
| 17 | 00:04:24,810 --> 00:04:35,400 | don't think I would have gotten out. Now. I don't think personally, that I would have been able to hold on to the point where it was too late because it did give |
| 18 | 00:04:35,400 --> 00:04:49,020 | me a few, you know, a minute or so before this monstrous gap where there was a real liquidity void where I showed you today. But that would have been painful. |
| 19 | 00:04:49,560 --> 00:04:59,550 | You know that? That much money. I mean, money is money but it would have been a bruise to my ego because my son was sitting next to me and I was literally |
| 20 | 00:04:59,550 --> 00:05:06,360 | telling him Watch, this is what's gonna happen, it's gonna go up here, I'm gonna buy it. I'm gonna sell short. And I'm gonna write it down to the 3570. I talked |
| 21 | 00:05:06,360 --> 00:05:20,820 | about on Monday. Okay, so that was our objective for the week. That was what we were looking for. And it hit it and went through it a lot. And that's fine. So, |
| 22 | 00:05:22,080 --> 00:05:32,430 | again, we had the bias, right for the week, we had the drawl on liquidity, we wanted that lower low on the daily, it ripped its throat out, shook it until |
| 23 | 00:05:32,430 --> 00:05:34,560 | there was nothing left in terms of life. |
| 24 | 00:05:36,060 --> 00:05:44,700 | The fair value got the surgeon, the weekly chart was just brilliant in terms of offering a discount array. Now, which brings me to the million dollar question, |
| 25 | 00:05:44,700 --> 00:05:56,880 | which is what everybody wants to know. Is this the bottom? This is the low ICT I don't personally believe so. Now, the reason why is because we had relative |
| 26 | 00:05:56,880 --> 00:06:09,150 | equal lows on the daily chart. Those relative equal lows needed, it needed to be taken out. Now it doesn't mean it's going to run through them and just keep on |
| 27 | 00:06:09,150 --> 00:06:18,690 | going lower. See, these are perfect little traps. These are opportunities for these market makers that are sitting in here right now that are absolutely in |
| 28 | 00:06:18,690 --> 00:06:32,130 | there manually intervening, because there's lots of money right now. Lots of money for the taking. Emotions are high, gamblers are literally hopped up on |
| 29 | 00:06:32,130 --> 00:06:47,430 | goofballs because they see all this movement during their trading 6070 times. Chasing every single fluctuation, thinking never going to catch something like |
| 30 | 00:06:47,430 --> 00:07:05,850 | we saw today. A breakneck volatility. Roman's simply going after balls to the wall, all in Texas Hold'em style. Just that I'm telling you, we are going to see |
| 31 | 00:07:05,850 --> 00:07:16,740 | more traders lose their ass this fall, going into the closer this year than probably historically we've ever seen. Now, your friends and family that you |
| 32 | 00:07:16,740 --> 00:07:24,930 | know are trading, they're going to hide that from you. They'll charge their credit card up and reboot their trading account. But behind the scenes, you're |
| 33 | 00:07:24,930 --> 00:07:38,820 | not going to know that they are waxing themselves. And it's unfortunate. So today, I felt that that was a gentle little reminder. ICT Yes, you know, a |
| 34 | 00:07:38,820 --> 00:07:49,170 | little bit more than the average bear. But this type of volatility. This is all new territory to me. Like I feel like I'm riding along with Shatner, on the |
| 35 | 00:07:49,170 --> 00:08:01,410 | enterprise. You know voyaging into the unknown. Okay, we're, we're, we're doing things that we've never done before. And anybody that's out there saying, Oh, |
| 36 | 00:08:01,410 --> 00:08:09,540 | we've done this before, you know, he's, he's not gonna ask again. No, we've never seen these types of moves before. We've never seen this volatility before. |
| 37 | 00:08:10,260 --> 00:08:23,700 | And while it's extremely exciting, and I am fighting my ego, my ego wants to get out here and do Olympic style trading. And just literally shut everybody down |
| 38 | 00:08:23,730 --> 00:08:31,410 | and just say, Look, this is the way it is. Okay, and there's no way to keep up with me. Today, was this a little bit of a reminder saying, You know what, you |
| 39 | 00:08:31,410 --> 00:08:41,610 | might be good cowboy. But keep fucking around. You're gonna get the bull's horns right up your ass. And that's kind of like what I went with the rest of the day. |
| 40 | 00:08:41,610 --> 00:08:53,310 | I was like, Okay, this. This is a day where I know myself my younger self was trying to show himself because my son was there. And I wish I was recording just |
| 41 | 00:08:53,310 --> 00:09:02,310 | the expression on my son's face when he watched the limit order get filled. And we turned each other bumped filled like yeah, now watch this. This is going to |
| 42 | 00:09:02,310 --> 00:09:13,770 | collapse. I'm gonna go in here and go short and then going. Elvis left the building like it was like, gone. Go, go go. It was history. I mean, we watched |
| 43 | 00:09:13,770 --> 00:09:26,010 | it tick down like Okay, I'm getting I'm changing that little box in upper left hand corner, from four to a two. It's it's gone. It's gone. It is left. And |
| 44 | 00:09:26,010 --> 00:09:39,510 | there is no way. There's no way I could chase that. And then that's sorta that short little pause. And all of a sudden, boom, like 40 some handles was like 41 |
| 45 | 00:09:39,510 --> 00:09:55,440 | handles. it gapped, intraday Welcome to understanding what a real liquidity void is. Price Action traders. How'd that grab you? Pretty exciting, isn't it? Well, |
| 46 | 00:09:56,460 --> 00:10:07,380 | I was hoping. I was hoping because if it Looking back up into what I was showing you today, I would have went in with eight contracts. Now, you might think |
| 47 | 00:10:07,380 --> 00:10:10,890 | yourself eight contracts, that's not that big of a deal ICT, but eight contracts |
| 48 | 00:10:12,179 --> 00:10:23,399 | with a potential of maybe 100 handles. That's pretty respectable. That's pretty respectable. And I was, man, I was trying, I was trying, but it just simply |
| 49 | 00:10:23,399 --> 00:10:33,359 | wouldn't give it to me. And soon, it's just kept breaking more and more and more lower, aggressively. And I was like, Okay, I have to be done. Because if I stay |
| 50 | 00:10:33,359 --> 00:10:44,939 | with this today, I'm going to do probably more than I should have. And I don't want to do that. And my mind is racing saying, you can beat to share this ICT. |
| 51 | 00:10:44,969 --> 00:10:52,919 | You know, you can do this, you know, do, you can do it just because it's moving a whole lot more historically, never been done before. It's never been here. |
| 52 | 00:10:53,099 --> 00:11:00,479 | It's never done these types of volatility moves ever, ever. Larry Williams never seen this in his life. He's been trading longer to me. And I'm sure he's |
| 53 | 00:11:00,479 --> 00:11:12,869 | scratching his as thinking, What the hell is going on? Why is this happening? Right, exactly. It's fun. Isn't it interesting. Seeing everybody that's supposed |
| 54 | 00:11:12,869 --> 00:11:26,009 | to be in the industry, they're always putting up their explanations as to why things take place after it happens. That remember, on Monday morning, we were |
| 55 | 00:11:26,009 --> 00:11:37,679 | looking for 3570. We were looking for it. And I was telling you also, I don't give a shit. Who you know, who says what? How many times you've seen them be |
| 56 | 00:11:37,679 --> 00:11:50,189 | right before, if they said we're not going lower, they're full of great a bullshit. were taken out 3570. Well, Santa came through again. And 3570 was |
| 57 | 00:11:50,189 --> 00:12:01,619 | delivered. But it came with extras this year. Okay, it came with a whole lot more. And went all the way down to the weekly fare Vega, which essentially is |
| 58 | 00:12:01,709 --> 00:12:11,969 | the main draw on that 3400. And you're probably looking at that today and taking women that's it's not even at 3400. Well, 3400 is a big figure. And I still |
| 59 | 00:12:11,969 --> 00:12:22,229 | think that is in contention for the next wave lower if we can sell out not tomorrow, we have two economic drivers. We have 830 in the morning, and we have |
| 60 | 00:12:22,229 --> 00:12:34,799 | 10 o'clock in the morning. So it's Friday, I'm not holding out for any one particular direction over the other. We did a lot of movement today. I |
| 61 | 00:12:34,799 --> 00:12:43,979 | personally am done. Like I'm not trying to do anything else. I'm not 34,000 for the month, I'm not trying to do anything more and not taken a great deal of size |
| 62 | 00:12:43,979 --> 00:12:55,529 | on any of the positions. So that the largest position I had on was I believe it was 12 contracts, doesn't dismiss not even an entire month. It's only what the |
| 63 | 00:12:55,529 --> 00:13:08,789 | 13th. So you take the weekends out, and it's not been much at all. So we are in that territory, I mentioned that we would be seeing crazy volatility. And we are |
| 64 | 00:13:08,789 --> 00:13:18,719 | off the charts. And it's exciting to be seeing it. I'm glad to be alive during this time and being able to participate in it. But now since I got a taste of it |
| 65 | 00:13:18,719 --> 00:13:31,049 | today. Yeah, the 2530 contracts pyramiding up that type of thing. I just don't I just don't have it me, folks. You know, I gotta be honest with you. These |
| 66 | 00:13:31,049 --> 00:13:48,749 | markets are moving at a pace that are admittedly very intimidating. Even for me. Like I I know, if I make one error one miss judgment one in these types of |
| 67 | 00:13:48,749 --> 00:14:01,049 | moves, man. No, I just can't allow that. I can't allow myself to go through that. So I have to lean back on the tools and rules that I gave you. And |
| 68 | 00:14:01,109 --> 00:14:11,279 | trusting that it'll serve me well and you know, I'll be fine by the end of the year. I'll obviously be fine. I'll get my roses and such but the point is this |
| 69 | 00:14:11,279 --> 00:14:28,109 | volatility can sweet talk, you serenade you like a siren. Okay. These mythical creatures that inhabit the rocks that jagged rocks out in the sea. They were |
| 70 | 00:14:28,109 --> 00:14:37,979 | written about many times in folklore and books. They're supposed to be beautiful. And they say an A to you and they look lovely. And sailors will try |
| 71 | 00:14:37,979 --> 00:14:47,549 | to sell their vessels closer to them to get to them. And then they crashed her ship on the rocks and sink and drown. That's what this volatility is acting |
| 72 | 00:14:47,549 --> 00:15:00,659 | like. Okay. And I fell very close to being a victim today to that I wanted to do more like I wanted to do it. I said, No, no, no, no, I know. Would everybody |
| 73 | 00:15:00,659 --> 00:15:09,509 | else is dealing right now. They're all trying to be a part of the next little move in here. That's going to be the next big 3050 handle move. And I was like, |
| 74 | 00:15:10,679 --> 00:15:25,469 | No, I dodged the bullet today. So, yeah, I don't need to feel, you know, a 50 caliber between the eyes to know that I shouldn't have done it. So all kinds of |
| 75 | 00:15:25,499 --> 00:15:34,409 | bad experiences when I was 20 years old, came flooding back and I told my son, I said, I'm going to sit still. And literally turning the charts off. I'm walking |
| 76 | 00:15:34,409 --> 00:15:47,489 | away, and I just chilled out. I watched YouTube videos, I did some reading, took a nap, which I didn't need. But I had to do whatever I could to stay away from |
| 77 | 00:15:47,489 --> 00:15:58,289 | the charts because I know Mr. Hyde in me, because you're listening to Dr. Jekyll on YouTube. Here, you get a little taste of Mr. Hyde, where I'm off the rails, |
| 78 | 00:15:58,319 --> 00:16:11,099 | there's no filter, there's no editing, there's no retracting the, the bipolarism the swings, and I have been feeling that for weeks, and just the cut in real |
| 79 | 00:16:11,099 --> 00:16:22,589 | quick. The jerk that put a list penance against the property, who was trying to shake us down for money to I told the seller two nights ago, I said, Listen, I'm |
| 80 | 00:16:22,589 --> 00:16:33,989 | gonna be honest with you, I'm not waiting two years. So my suggestion is to you go in with the difference between offers. I offered him 1,975,000 for his house, |
| 81 | 00:16:34,139 --> 00:16:44,849 | he listed for 19999. And the other offer that was coming in but was invalid because they had all kinds of the date was wrong. They had requested certain |
| 82 | 00:16:44,849 --> 00:16:53,579 | parts of their furniture. And I didn't know if this matters, but once you understand the my, my mindset going into this week. I told the seller said |
| 83 | 00:16:53,579 --> 00:17:02,759 | listen to sell, sell the house to me, but pay the guy off with the difference between our offers. Because I don't think he wants the house because I don't |
| 84 | 00:17:02,759 --> 00:17:12,059 | think he can afford the house. Personally, that's what I think. But he was working on this property, the wait until somebody came on the contract. And then |
| 85 | 00:17:12,059 --> 00:17:20,849 | he falsely said that, you know, I had an I had a deal. Knowing full well someone wants to do $2 million in property. They don't want to wait around this |
| 86 | 00:17:21,119 --> 00:17:28,199 | environment because they know that property values as the buyer, you know, I want to get it now. As the seller he's thinking you know, I gotta get it while |
| 87 | 00:17:28,199 --> 00:17:39,359 | the markets hot because I don't want to see it drop down and valuation. So he went out and asked them through his lawyer said, you know, what do you want? Do |
| 88 | 00:17:39,359 --> 00:17:48,269 | you want it? Do you want to buy the house? He goes, No, give me 48,200 hours, which was a weird number. And I did some research found out the his 30,000 hours |
| 89 | 00:17:48,269 --> 00:17:59,069 | on another property. And his lawyer fees is 12,200 hours is the fee that they used to put the list pendants and so lawyer made 12,000 And he's getting 30,000 |
| 90 | 00:17:59,069 --> 00:18:10,229 | which is his deposit he put down on another property. So yeah, I can do my own sleuth work too, but he countered and said, No, I'm gonna give you 30,000 And |
| 91 | 00:18:10,589 --> 00:18:19,979 | they said no, fuck you. That was exactly what he told his lawyer said fuck you. It's okay. 35,000 or fuck you. We'll see you in court. Were going to lose the |
| 92 | 00:18:19,979 --> 00:18:29,489 | sale on Monday to Huddleston and that brings me damages and you're fucked. We go to court, you're fucked because you falsely clouded the title. And they said |
| 93 | 00:18:29,489 --> 00:18:44,069 | we'll take it. So Friday, their lawyer sleazebag. Saul is doing the paperwork to release the property and clear the list pendants. And then I will be handing |
| 94 | 00:18:44,069 --> 00:18:55,199 | over the difference between $100,000 good faith deposit. And I'll have the keys and I'll be I guess, I guess I'll walk through it next weekend with you let you |
| 95 | 00:18:55,199 --> 00:19:03,659 | see it. It's not going to be furnished yet because I have furniture. You know, certain rooms haven't picked out yet. Anyway, that's the point. Because of all |
| 96 | 00:19:03,659 --> 00:19:19,109 | that bullshit. I have been swinging from maniac to just really borderline depressed because my wife is upset about this. Now imagine I got it. I have to |
| 97 | 00:19:19,109 --> 00:19:32,639 | trade decisions around making money or talk to all of you fine, folks. And you know how I am I'm wired a little differently. So I have had to pull myself back. |
| 98 | 00:19:33,749 --> 00:19:42,479 | And you saw a couple of years ago. What's ready to take everybody on YouTube? That's what happens with me. Okay, I'm bipolar. i Oh, hide it. And it's, you |
| 99 | 00:19:42,479 --> 00:19:55,649 | know, it is what it is. But I'm just happy to have all that shit done. And come Friday. I'm pretty certain I'll be more balanced. I've been in at least the last |
| 100 | 00:19:55,649 --> 00:20:03,149 | few months. But that was also on My mind today too, I was like I because I can't throttle this guy. |
| 101 | 00:20:04,680 --> 00:20:15,270 | I wanted to do that in the marketplace. Like I wanted to put a major whoop ass on the s&p today. And yes, I was gonna peacock all over social media. In fact, |
| 102 | 00:20:15,270 --> 00:20:24,420 | you probably would have had a cameo, where I would have been twerking. You imagine that to work in ICT, right? That was what I went into with it this |
| 103 | 00:20:24,420 --> 00:20:32,610 | morning. And as soon as I got that little nudge, but you know, don't do that. And here, I want to spare you because you're probably gonna hurt yourself today. |
| 104 | 00:20:33,540 --> 00:20:40,320 | I said, You know what, I'm going to take that as a little bit of grace and say, This is not the right thing for me to do. And I know what's motivating it. |
| 105 | 00:20:40,770 --> 00:20:53,400 | Because I'm angry inside that I've had to wait now, obviously, a week longer. But this buying experience has caused me a great deal of anger, rage, like pent |
| 106 | 00:20:53,400 --> 00:21:03,300 | up hostility, because this piece of shit is garbage. He's trashed 68 lawsuits against them. And I'm convinced they do this. This is what they're all about, |
| 107 | 00:21:03,360 --> 00:21:18,240 | like their trash. And it being so local. I don't want to see this motherfucker. And in public, because he's gonna find out that this kind of shit. This kind of |
| 108 | 00:21:18,240 --> 00:21:28,410 | fucking shit doesn't make friends. And you read between the fucking lines on that one. But it worked out in my favor. My wife's happy, I'm happy. The sellers |
| 109 | 00:21:28,410 --> 00:21:37,800 | are happy because they're old. This is an older couple of very nice people. And the guy's health is failing him. He's 74 years old nit, they don't need all this |
| 110 | 00:21:37,800 --> 00:21:46,530 | kind of fucking drama. Nobody does. So I told him, I was gonna step away from the property. And if these other people want to buy it, to be it, then that to |
| 111 | 00:21:46,530 --> 00:21:57,870 | me, I think that will be, you know, if I got to submit to that God's will. And there it is. It wasn't meant for me to have it. But when I said that, that was |
| 112 | 00:21:58,290 --> 00:22:05,910 | like that little nudge for them to say, well, we're gonna, we're gonna do what you said, we're going to offer them a buyout. And they did it for less than I |
| 113 | 00:22:05,910 --> 00:22:13,590 | even encouraged them to do it. So they took it for 35 instead of 50. Because they know they want to sell it to that buyer, they would have sold it for |
| 114 | 00:22:13,620 --> 00:22:22,020 | 1,925,000. So what's the difference, if they give them the 50,000 difference between my offer and that offer, and I get to buy the house, it's the same |
| 115 | 00:22:22,020 --> 00:22:28,710 | outcome, they get to move on with the rest of their few years of their life doing whatever they want to do, I get the property and now the piece of shits |
| 116 | 00:22:28,710 --> 00:22:43,680 | gone. So it is what it is. But I'm so relieved. Like I'm relieved. But I didn't want to be talking to you. Or doing very much at all. Because nothing was going |
| 117 | 00:22:43,680 --> 00:22:53,040 | to come out where I would have been satisfied like I would, I would have been all over the place. And they would have been mostly bitching and wanting to talk |
| 118 | 00:22:53,040 --> 00:23:02,010 | about things that wouldn't really benefit or edify anyone but because I'm a realist, and I'm, I don't sugarcoat anything, I'm being honest and telling you, |
| 119 | 00:23:02,010 --> 00:23:10,110 | that's what I've been contending with. And it's a real world thing. Like anybody else in you, you're gonna have stressors in your life and having lots of money, |
| 120 | 00:23:10,500 --> 00:23:21,390 | doesn't remove stress, it doesn't remove these types of things. And I don't have a way of shielding myself from things that will jerk me into gear. And once I'm |
| 121 | 00:23:21,390 --> 00:23:32,130 | at a gear, it's just time. Like, once the chemicals in me wear down, and they burn off. That's the only thing that settles me down. Like my wife can't calm me |
| 122 | 00:23:32,130 --> 00:23:47,970 | down. Nobody can talk me out of it. Like if someone tries to talk like so I tell you all it this is a this is a weakness in my personality and my makeup where I |
| 123 | 00:23:47,970 --> 00:23:59,010 | lose control of myself and my faculties and focus. So if I'm going to be risking money that is that someone that's making sound decisions? Absolutely not. And |
| 124 | 00:23:59,010 --> 00:24:05,970 | that's what I fell victim to as a 20 year old. I would get angry at the market. I would get angry at the book, the author, whatever the fuck it was going on in |
| 125 | 00:24:05,970 --> 00:24:16,020 | my head. If I stubbed my toe, you know, anything. That would have been an excuse for me say that shit was the reason why, where it's me. You know, it's me |
| 126 | 00:24:16,020 --> 00:24:29,730 | that's, that's not able to focus. And that's what I felt today. I felt like I wanted to exact revenge. Poor little s&p ain't done shit ICT. You know, it's |
| 127 | 00:24:29,730 --> 00:24:37,380 | been nice to me all year long. And here I am trying to victimize this son of a bitch. He didn't do anything to me. Didn't do nothing to me. And I'm sitting |
| 128 | 00:24:37,380 --> 00:24:47,430 | here trying to rough him up, pull roughshod on him. So I took a little bit of flesh off of him today and I let him go. So |
| 129 | 00:24:48,870 --> 00:24:59,850 | that was the inner dialogue, if you will, of what my morning was like, and the only way I could protect myself was simply just turn the charts off because in |
| 130 | 00:24:59,850 --> 00:25:13,530 | my Mind, I had every montage scenario going through, like, I was like, I was going to do some serious shit today. But thankfully, it ran off without me. And |
| 131 | 00:25:13,530 --> 00:25:25,500 | because they probably would have handed my pain to me my ass, okay. And that's the, that's the real, real thing, I guess the real talk most most gurus, |
| 132 | 00:25:25,500 --> 00:25:33,720 | mentors, you know, want to be traders and YouTubers, whatever, they're not going to talk like that. Okay. And that's why I push that guy corbs. I like what he |
| 133 | 00:25:33,720 --> 00:25:46,470 | does. I liked what he does, because he shares his emotion, he shares his struggles, he does not hide the things he's having an issue with. And that is |
| 134 | 00:25:46,470 --> 00:25:55,320 | very refreshing. And I hope you understand that. That's why I'm pushing him on you. And I'd like to see his channel grow, because I think there's an audience |
| 135 | 00:25:55,320 --> 00:26:09,390 | for that. Now, notice that when he was doing his live streaming, it was very difficult for him to find consistency. And you probably watched him go off the |
| 136 | 00:26:09,390 --> 00:26:19,050 | rails and which was kind of entertaining, because it made me feel like I was looking at a visual of how I am sometimes in my head. But losing this shit, |
| 137 | 00:26:19,110 --> 00:26:28,020 | throwing pens and glasses and ship flying around. That's Entertainment. And that's exactly probably, you know, what you all would expect from me, but most |
| 138 | 00:26:28,020 --> 00:26:37,770 | of my trading is nothing like that. But today, today, if I would have been live, being watched, and was able to engage, like, you probably would have seen some |
| 139 | 00:26:37,770 --> 00:26:50,880 | fucking crazy shit today. Because I came in wanting. I wanted a war, like I wanted it. And I believe I was spared. So I took that again, as Grace and I |
| 140 | 00:26:50,880 --> 00:27:01,200 | said, I'm belly out, I'm not going to do it the rest of the day. The corpse he saw. He's, he comes across as a very honest guy. He's not out there trying to |
| 141 | 00:27:01,200 --> 00:27:10,170 | sell himself, you know, as Mr. Profit, Mr. I know everything. He shows on a screen where he gets in and gets out. And if you look at it, and corbs, if |
| 142 | 00:27:10,170 --> 00:27:17,100 | you're listening, this is not a knock against you. There's nothing fantastic about his entries. Like you could probably look at what I've been teaching, |
| 143 | 00:27:17,100 --> 00:27:26,730 | you're like, why is he doing that? But you can make money outside of my stuff. Like, my things are not the only people who can make money. My things, in my |
| 144 | 00:27:26,730 --> 00:27:35,940 | opinion, make it a little bit easier in terms of clarity, and understanding why you're doing something and why the market should be doing it. But he's honest, |
| 145 | 00:27:36,030 --> 00:27:42,600 | he shows you where he did something wrong, you can see where his trades didn't work out. I think he over trades a little bit. That's my personal opinion. But |
| 146 | 00:27:42,600 --> 00:27:50,730 | that's outside the scope of the conversation. But I liked the last two conversations he had in his videos today and yesterday's video where he talked |
| 147 | 00:27:50,730 --> 00:28:03,450 | about his inability to when he's in drawdown, when he takes another trade, and it's profitable. And he knows in his gut, he should like, I should take |
| 148 | 00:28:03,450 --> 00:28:15,870 | something and and lock that in and or take something off of it and pay myself. But because of the pain and the pressure of ego as a male. I'm not saying he's |
| 149 | 00:28:15,870 --> 00:28:26,100 | egotistical, but I know as a man, as a male, and ladies, you probably can't understand this. I know you don't understand it. Because I live with a wife that |
| 150 | 00:28:26,100 --> 00:28:32,880 | simply just doesn't understand it. She's a fucking video game. Michael, well, you make it a big deal about a four. I said, Look around, look how you live |
| 151 | 00:28:32,880 --> 00:28:48,360 | woman. Look how you live. And you call that a video game? Come on now. So he knows that if he does take a loss, like anybody else, and I've experienced this |
| 152 | 00:28:48,360 --> 00:28:56,460 | too, I'm not talking like I don't have this experience. Everybody that's ever traded has had this experience. But when you have a period of drawdown, or you |
| 153 | 00:28:56,460 --> 00:29:06,930 | get into a trade or two, and you're in drawdown on the day, the first impulse is motherfucker. I want my money back and I'm coming with interest bitch, you |
| 154 | 00:29:06,930 --> 00:29:16,380 | better give me my motherfucking money. Where the fuck is my money? Where is my shit? Where's it at right now give it to me. It's already late. Give |
| 155 | 00:29:16,380 --> 00:29:25,260 | it to me now. That's what you want. That's a mindset. And then all of a sudden, you get into trades and say you're down 500 bucks. So you down set 150 bucks, |
| 156 | 00:29:25,260 --> 00:29:35,340 | some 800 bucks, okay, and you get into another trade. You're pissed off. You can't find your groove. But it just so happens that you're in now a trade and |
| 157 | 00:29:35,340 --> 00:29:44,220 | you're up 400 bucks. And you're thinking, All I gotta do is see another one of those. And I'm even and if it gets to that, I'll just see if it wants to give me |
| 158 | 00:29:44,220 --> 00:29:53,040 | a little bit more because I need to cover commissions and gotta come home with something. First of all, you don't need to go home with anything. You gotta |
| 159 | 00:29:53,040 --> 00:30:03,060 | leave with your ass. You can't go into the marketplace and leave your ass out there. You can't do that. So this is what I teach how to mitigate losing |
| 160 | 00:30:03,060 --> 00:30:15,990 | streaks, how to take drawdown and bring it back. Realistically, that means you're not trying to get everything back on one clip. Now, there has been times |
| 161 | 00:30:15,990 --> 00:30:26,760 | where I've done that revenge style, okay, but it's never served me well as a method of doing it again and again. And again. I learned the hard way that if I |
| 162 | 00:30:26,760 --> 00:30:37,080 | learned if I lose 1000, and I get into another trade with half the leverage, and I'm up $500. I'm done. I'm closing that trade. Now what that does, it frees me |
| 163 | 00:30:37,080 --> 00:30:47,010 | up to go back to the original amount of leverage that I took on the previous trade that was a losing trade. So put it in perspective. Okay, say I was risking |
| 164 | 00:30:47,010 --> 00:31:01,860 | 1% And I lost 1%. Whatever that dollar amount is, for 1% of the equity. The next take the next trade rather that I take, I'm taking it with one half of 1% risk. |
| 165 | 00:31:02,940 --> 00:31:14,430 | But if I make half of that previous losing trade back, as soon as my trade gets that point, I'm killing it. I don't give a flying fuck. How much it might keep |
| 166 | 00:31:14,430 --> 00:31:22,710 | going. I don't care. Because I have to reset myself mentally. And maybe you think that you're better than me mentally. Maybe you think you're more dialed |
| 167 | 00:31:22,710 --> 00:31:29,340 | in. Maybe you think you're the person that's going to be doing everything better than everybody else and you're perfect. Okay, believe me? You're 20 years old. |
| 168 | 00:31:29,340 --> 00:31:35,070 | You probably think that I did the same thing. And I'm telling you right now you don't fucking know anything. You have no idea. You've been around here yet long |
| 169 | 00:31:35,070 --> 00:31:42,960 | enough. You're gonna find out just like I found out. I fucked around and I found out that I wasn't the shit that I thought it was when I was 20 I am today I'm |
| 170 | 00:31:42,960 --> 00:31:52,170 | gonna lie to you. Okay, I am today. It is what it is. But here's the deal. When you get that opportunity to get half of the losing trades, you just took your |
| 171 | 00:31:52,170 --> 00:32:03,780 | ass out there and got whacked upside your head. Soon as you get here for that losing trade back, and you're doing it with half the leverage. You close that |
| 172 | 00:32:03,780 --> 00:32:13,860 | trade and you don't give a fuck what anybody else is going to say about it. First of all, you shouldn't tell anybody about to you tell yourself good job. |
| 173 | 00:32:14,040 --> 00:32:23,850 | That's what you supposed to do. You're supposed to do not Oh, I'm gonna hold and push my edge. My edge says I should do this. Fuck your edge. Fuck your edge. |
| 174 | 00:32:24,180 --> 00:32:33,600 | Gentlemen, listen. When you get that brand new razor Gillette, you bought that fucking razor just like I did. Okay, there's commercials that make it seem like |
| 175 | 00:32:33,600 --> 00:32:41,940 | it's the greatest fucking thing in the world. Your wife's gonna come around the corner. She looks like a fucking celebrity model. You everybody's chiseled out |
| 176 | 00:32:41,940 --> 00:32:49,950 | fucking face. Everybody's looking perfect. And because you want that razor, and that razor gets on your skin the very first time and it cuts through your beard |
| 177 | 00:32:49,950 --> 00:33:00,660 | and your stubble like a fucking knife through butter. Just beautiful. Just kicks it right on off. Right? Okay, keep using that same motherfucking razor six |
| 178 | 00:33:00,660 --> 00:33:10,200 | months. What's it gonna do? It's gonna tear your ass up. It's gonna tear your ass up. I don't give a shit. How much lubricant? How much shit you lather all |
| 179 | 00:33:10,200 --> 00:33:23,010 | over your face. That razor, you keep pushing it, it's gonna lose its edge. It's gonna tear your face up. Okay, well, you're in that same scenario. You just took |
| 180 | 00:33:23,010 --> 00:33:30,660 | a loss. Now you're you're forced to drop down your leverage half the leverage you took on your previous trade it was a losing trade. But now you got the |
| 181 | 00:33:30,660 --> 00:33:45,990 | opportunity to get here for your ass back. And he did it with half the leverage. That's phenomenal. Now, it's not phenomenal for the SMC guys have to to 200 to |
| 182 | 00:33:45,990 --> 00:33:52,410 | one fucking traders that do it every single fucking week. But they're still trading with point 01 leverage on your fucking trades when they're empty for |
| 183 | 00:33:52,410 --> 00:34:00,570 | screenshots. That's not it's not good enough for them. I'm not talking to them. I'm talking to really real traders, the people that are here to learn how to |
| 184 | 00:34:00,570 --> 00:34:08,310 | make money and conduct themselves like professionals in the marketplace, you have to work within statistical probabilities. And the probabilities of you |
| 185 | 00:34:08,310 --> 00:34:13,320 | being dialed in after losing trade, especially if you're new next to zero. |
| 186 | 00:34:14,640 --> 00:34:25,980 | And that's a normal thing. So how do you combat that? You got to reduce your risk soon as you get here for that losing trade back in equity in the trade that |
| 187 | 00:34:25,980 --> 00:34:35,220 | you're now in after that losing trade. So now 1% You took as a loss now you're going to take another trade not right away when you're when your system when |
| 188 | 00:34:35,220 --> 00:34:42,870 | you're in pattern when your model says so time and price has to still agree. It's got to make fucking sense. You just can't just pull one out of your ass and |
| 189 | 00:34:42,870 --> 00:34:49,740 | say, Well, you know, I don't feel good, this hurt. And I need to get this back right away because my friends on social media we're going to be meeting together |
| 190 | 00:34:49,740 --> 00:34:56,910 | my Discord channel, and they're all going to ask me what the fuck I did today and I cannot talk about this losing trade because guess what? I'm going to lose |
| 191 | 00:34:56,910 --> 00:35:09,600 | my man card. You see how silly it is when you get in these little groups, these cliques? truck that shit. These guys sit around like a bunch of nerds, okay? |
| 192 | 00:35:09,600 --> 00:35:17,370 | Like they're trading Pokeyman fucking cards. This is money. We're talking about money. I'm not here for friends, I don't give a fuck if you'd like my trades, I |
| 193 | 00:35:17,370 --> 00:35:26,370 | don't care if you'd love my trades. I'm here to make money. I'm here to teach you how I make money. If you don't like that, then go somewhere else play |
| 194 | 00:35:26,370 --> 00:35:35,610 | fucking Pokemon, and this court don't give a shit. But here, if you're trading with a losing trade, the next trade your half the leverage, make half that |
| 195 | 00:35:35,610 --> 00:35:47,730 | losing trade that you took 1% loss on, make that back. Soon as you do that, that's a reset. Now you can go back to trading with 1% risk again. But wait a |
| 196 | 00:35:47,730 --> 00:35:58,290 | minute, Michael, I'm in drawdown still a half percent, right? Yep. That's, that's what I do. That's what I do. Now what happens if you lose again, you drop |
| 197 | 00:35:58,290 --> 00:36:08,670 | your risk in half again. And you trade until you get half of that losing trade back and then you close the trade that frees you up to go back to what 1% or a |
| 198 | 00:36:08,670 --> 00:36:20,880 | half percent. Once you get down to a quarter percentage, in my opinion, it's worth taking. But what that does, it causes your drawdowns, to be less and less |
| 199 | 00:36:21,180 --> 00:36:31,050 | and less allows you to reset emotionally and psychologically because it takes the sting away. If you're wrong. If your impulse if you rush back in to try to |
| 200 | 00:36:31,050 --> 00:36:42,990 | do something, it is a fail switch to keep you from blowing the fuck out. Because you will if you don't do these things, you will if you just go in there and say |
| 201 | 00:36:42,990 --> 00:36:53,250 | okay, I don't care. And you get that gambler numbness. Anybody that's ever played cards or went to a casino? You're up, you made money. You've had an |
| 202 | 00:36:53,250 --> 00:37:02,760 | experience like that. You go home, they send you comps, come on back, we love you. You took money from us, we love you, as a customer come back here and stay |
| 203 | 00:37:02,760 --> 00:37:09,720 | in one of our really luxurious suites. And fuck, we'll give you a steak dinner. And here's two tickets to a show. Come on back, have the whole weekend to |
| 204 | 00:37:09,720 --> 00:37:19,680 | yourself, because you are a customer that we love. And your dumb ass believes that so you fly out there. You go out there, and then you lose everything you |
| 205 | 00:37:19,680 --> 00:37:30,180 | fucking won the last time and then more. What happened? You're sitting at the table, you know, damn well, you should have came back out there to you shouldn't |
| 206 | 00:37:30,180 --> 00:37:41,130 | have stayed as long as you did. And you knew right when you should have stopped, but you don't. And you'd lose. And he lose again. And then you lose again. And |
| 207 | 00:37:41,130 --> 00:37:49,950 | all of a sudden you think to yourself, Well fuck it. I got $1,000 Still in chips here. I'm just going to play into our fucking lose, I don't care. That's |
| 208 | 00:37:49,950 --> 00:38:01,830 | gambling on this. That's what trading sometimes does. Or occurs to people that just cannot stay focused. And what happens is you're just waiting for that |
| 209 | 00:38:01,830 --> 00:38:11,670 | chance turn around. And when it does, few and far between. There's an instance where that occurs. But when that happens, what that does is it gives you that |
| 210 | 00:38:11,670 --> 00:38:26,400 | little bit of dopamine, boom, all of a sudden, oh shit. Look, Melanie's Polish shit. Look who just stepped in. It's money, man. It's Mr. Maven, it's fucking |
| 211 | 00:38:26,430 --> 00:38:37,290 | Mr. Market Maker ICTs nobody compared to you now. You got it all figured out. Because that chemical imbalances kicks in. And everybody has this. You don't |
| 212 | 00:38:37,290 --> 00:38:49,980 | have to be bipolar to experience this. That feeling of I'm on now I'm on. But it doesn't happen. But if it does happen, that's when you start betting bigger |
| 213 | 00:38:49,980 --> 00:39:00,660 | because you think you've turned the tide. And now the the gods of the odds have now shine their light on you and giving you their favor. And the only thing |
| 214 | 00:39:00,660 --> 00:39:11,640 | they've given you is a shift in your perspective, to see what you think is good. Is this really their boot gun up your ass? You have no idea what's about that |
| 215 | 00:39:11,640 --> 00:39:13,800 | and to and then boom, your $1,000 is gone. |
| 216 | 00:39:15,750 --> 00:39:26,130 | And on the flight home from the casino, and you've lost more than you brought because you couldn't take that you had to go and get more money out of your ATM |
| 217 | 00:39:27,330 --> 00:39:34,080 | and more money out of your ATM. Because hey, it's still Saturday night and you got another night to sleep up there for free right |
| 218 | 00:39:39,480 --> 00:39:50,880 | and you fly home with less money than you had before you went out there and won by luck. See all these things these take place all the time every single day and |
| 219 | 00:39:50,880 --> 00:40:06,750 | it took place a lot I guarantee on so many people's minds today. If they have somehow dodged that drop in the morning. They were in there playing around there |
| 220 | 00:40:06,750 --> 00:40:16,320 | and they're trying to do something they're not equipped to do. And they can't manage themselves, they can't imagine their emotions, they can't manage their |
| 221 | 00:40:16,710 --> 00:40:28,290 | psychology. And I know enough about myself to know that I would have done more than I should have today. And it probably wouldn't have been as good as I would |
| 222 | 00:40:28,290 --> 00:40:38,220 | have wanted it to be. Because I went in with the wrong expectations. I'm going to come in there, Mr. Market Maven. And net volunteer today said, sit the fuck |
| 223 | 00:40:38,220 --> 00:40:45,270 | down, boy, you ain't ready, you ain't ready for to sit down, just shut your fucking mouth. You just sit right there and use watch. And be thankful you're |
| 224 | 00:40:45,270 --> 00:40:56,550 | not in here. And guess what? I knew better. I turn the charts off. I walked away from that. And I came back later on. And I saw that he completely went right |
| 225 | 00:40:56,550 --> 00:41:06,240 | back up close in the gap, liquidity void, use that support, as I mentioned, and then vaulted above the high and then just kept digging and digging and digging |
| 226 | 00:41:06,240 --> 00:41:24,660 | in higher. So to me, I think that anyone listening to what corbs shares with his I know he's been trading for a while he I think he's mentioned, he's been doing |
| 227 | 00:41:24,660 --> 00:41:34,500 | it for a few years. But I think he's really at a stage where he's really now taking it serious in terms of his development, because I asked him, I said, you |
| 228 | 00:41:34,500 --> 00:41:46,920 | know, what's your goal, and he wants to be a seven figure trader. And the things he's enduring right now are many times the barrier that prevents that very |
| 229 | 00:41:46,920 --> 00:41:58,020 | thing. And most people can't get through it and they can't press through it. And what I talked about in this two letter space here in terms of managing your |
| 230 | 00:41:58,050 --> 00:42:10,230 | risk, dropping it down and make half of the previous loss back, then reset to what the previous loss leverage was. That gives you that little bit of a cookie, |
| 231 | 00:42:10,350 --> 00:42:20,340 | which is what we need. Okay. As humans, we need that little reward, that little nudge that we're doing it, right. That cookie, that attaboy, that pat on the |
| 232 | 00:42:20,340 --> 00:42:30,720 | shoulder, okay. And like in karate, and martial arts, okay. Yeah, all these fucking belt colors and shit. Why? Because they gotta keep you paying, they |
| 233 | 00:42:30,720 --> 00:42:38,430 | gotta keep you feeling like you're rewarded. Okay? And most real martial arts didn't have all that shit. That's American eyes thing, they bastardize the |
| 234 | 00:42:38,430 --> 00:42:51,000 | entire martial arts. By having these belt systems and in trading, you have to have that Miyagi experience. Okay? You have to have that, where you're working |
| 235 | 00:42:51,000 --> 00:42:58,350 | your ass off, you're out there, you're sanding the fence and you're painting the fence your wax in the cars ICTs talking to you and putting you through all this |
| 236 | 00:42:58,350 --> 00:43:05,550 | bullshit discussions. It doesn't mean anything to me. Tell me how to buy and sell. Tell me when to get in when to get out how to fructify Now to do this, |
| 237 | 00:43:05,730 --> 00:43:13,830 | you're talking all this bullshit on my house I can't live in. That sucks that's got to do with anything. has anything to do with it? So you don't think you're |
| 238 | 00:43:13,830 --> 00:43:21,030 | learning anything right now? But when you put yourself in that situation. Now because I'm talking to you like this, you're gonna say You know what? This is |
| 239 | 00:43:21,030 --> 00:43:30,270 | exactly like that motherfucker said that, oh, my fucker. 50 years old had a clue. He didn't know what he was talking about. He knew exactly what he taught |
| 240 | 00:43:30,270 --> 00:43:38,370 | me because I'm feeling that shit right now. I feel like I need to get out there and break somebody's fucking head in this market. Because I have something to |
| 241 | 00:43:38,370 --> 00:43:48,930 | prove. I got a chip on my server. I have a reason to be violent in these marketplaces, and bringing violence to the market. Well, he was asking for your |
| 242 | 00:43:48,930 --> 00:43:58,530 | Escott beat because believe me, the gang in the market is always going to outnumber you. It's always gonna outnumber you. When you go in like a vigilante. |
| 243 | 00:43:58,650 --> 00:44:05,640 | You go in there with that vigilante mindset. And you're gonna be the Punisher. You're gonna go home and fucking ambulance. Okay, that's the way it's gonna |
| 244 | 00:44:05,640 --> 00:44:13,620 | happen. You're gonna lose your ass going in there like that, because you're trying to do something with an outcome in mind. That's not guaranteed. And |
| 245 | 00:44:13,620 --> 00:44:26,430 | you're blinded by your rage, or your fit. Okay, you're all pent up like I was I have been shot quite up in recently on Twitter. Thanks to mine the other day |
| 246 | 00:44:26,430 --> 00:44:32,820 | said you know your your music selection. With the fox contest. I played that beautiful song that |
| 247 | 00:44:34,080 --> 00:44:44,190 | it's a female artist. And I it's a very moving song to me. I loved it. And I was in my fields that day. I was saying myself, you know? What if I don't get this |
| 248 | 00:44:44,190 --> 00:44:54,990 | house? And what if I don't get this house number one. My wife's gonna be upset because she she loves this house. Now, don't get me wrong. I love the house. I |
| 249 | 00:44:54,990 --> 00:45:13,950 | think it's a beautiful home. It's Yeah, there's certain things I wanted. And there isn't that in this property. But my wife, when we went through it, she was |
| 250 | 00:45:13,950 --> 00:45:25,230 | like, Michael, please, please, can I have this? I was like, Guys, what do you do in that situation? You can't win that. You can't fucking win that. So it's like, |
| 251 | 00:45:25,230 --> 00:45:35,880 | okay, well, let's see if we can work it out. So I offered them 1.8 million. Of course, they rejected that. And I came up to 1925, which is what they allowed |
| 252 | 00:45:35,880 --> 00:45:43,980 | for the other offer, but didn't give them a contract. Like, they didn't sign a contract. But they were going to accept his 1925 If they provided a contract or |
| 253 | 00:45:44,040 --> 00:45:56,700 | an offer written offer, but they didn't do it. But I came in with 1975, because I asked them, I said, Listen, I'm all cash, no contingencies. Like I will buy |
| 254 | 00:45:56,700 --> 00:46:08,370 | this house. No waiting, like, I own real estate, I don't need to sell shit. I'm buying outright. You tell me what your lowest that you're taking right now. And |
| 255 | 00:46:08,370 --> 00:46:20,040 | nobody else can take any of your attention away. Like, I'm gonna be the one. They said 1975 and the house will be yours. So it's okay. And now we're we had |
| 256 | 00:46:20,040 --> 00:46:35,910 | the offer in their hands. And they signed it. Okay, and then this asshole comes and does all that. So since, like the first week of September, I have been very |
| 257 | 00:46:35,910 --> 00:46:47,010 | difficult to be around in my personal life have been very, very hard to deal with. Personally, if you around me, have been very short, a wife has been |
| 258 | 00:46:47,940 --> 00:46:57,750 | careful to be around me, my children have been very careful around me. And I have not had any kind of real interactions with anyone else. And that kind of |
| 259 | 00:46:57,750 --> 00:47:10,590 | mindset. Partially, partially, is what motivates me do what you've seen recently, where you saw me doing like 13,000, our trades, new 12,000 10,000 our |
| 260 | 00:47:10,590 --> 00:47:19,260 | trades? That was me, and they're doing a little bit more than I usually did. Because obviously, I've been teaching you to do these models that are trying to |
| 261 | 00:47:19,260 --> 00:47:26,880 | get five handles and be fine. You're all asking like, can you just show the model? Can you do that? I just feel like I gotta do more. And that's why I was |
| 262 | 00:47:26,880 --> 00:47:38,700 | doing that. But today, I was really going in there with kind of like a gladiator mindset. And because I'm imbalanced, over all the bullshit, I wanted to release. |
| 263 | 00:47:39,810 --> 00:47:50,670 | Okay, I wanted to release, I wanted to be able to discharge, I haven't been able to talk to anybody, because it would have been, it wouldn't have been as |
| 264 | 00:47:50,670 --> 00:48:01,890 | therapeutic as this one feels for me. And I understand some of you that haven't been training long enough. None of this probably makes any sense to you. And |
| 265 | 00:48:01,890 --> 00:48:13,890 | maybe they've probably turned to the Twitter space off. But I promise you, okay, Mark Douglas doesn't touch anything like this in his book. Okay. It's it's not a |
| 266 | 00:48:13,890 --> 00:48:33,150 | popular way of discussing human frailty. And I'm a human. And I have a lot of frailty, because I'm imbalanced. And I feel well, I can feel elated. One second. |
| 267 | 00:48:33,780 --> 00:48:46,860 | And then I can feel rage within 30 seconds. And sometimes I can feel myself swinging chemically, back and forth, all within a five minute period, |
| 268 | 00:48:48,150 --> 00:48:58,440 | in that volatile state of mind where I wish I could articulate what that feels like. It's a miserable experience. And that's what my life has been, like I have |
| 269 | 00:48:58,740 --> 00:49:12,540 | lived with this. And it's very, very hard to deal with. And sometimes I foolishly went into the marketplace, in my manic episodes. And sometimes I've |
| 270 | 00:49:12,540 --> 00:49:28,800 | gone into the marketplace trading where I was euphoric. And both of those times, I have had dismal results, because I'm reacting to the stimuli of being in that |
| 271 | 00:49:28,800 --> 00:49:40,170 | market experience. Whereas if I am trying to like, that's why I meditate. Okay, I meditate. I exercise, I lift weights, I do stretching, I do all those things. |
| 272 | 00:49:40,530 --> 00:49:49,740 | Because if you look at the schedule, I tweeted, the things I do and how I eat and all that stuff. I have to adhere to that schedule. If I don't adhere to that |
| 273 | 00:49:49,740 --> 00:50:01,170 | schedule. I cannot do well in the marketplace because if I'm in a trade, I'm going to think about how I did not do this part of my routine Something took me |
| 274 | 00:50:01,170 --> 00:50:10,380 | out of my routine. And because that happens many times, that will be the reason or catalyst for me not to take any trades in the morning session, or in the |
| 275 | 00:50:10,380 --> 00:50:20,940 | afternoon session. Not because I don't see a trade, not because my methods don't have something that would give me something to work with. Okay, I could sit down |
| 276 | 00:50:20,970 --> 00:50:34,050 | in front of any market day, any market day and do something like for instance, Wednesday, you know, that was a range bound day. I sat there, and I literally, |
| 277 | 00:50:35,190 --> 00:50:44,100 | in a demo, I didn't do anything in life. I proved I wasn't I didn't do anything with my Live account, nothing. But in a demo, I ran up $17,000 On a demo just |
| 278 | 00:50:44,100 --> 00:50:53,250 | using for contracts, banging around inside that range, and had two trades, it stopped out where it was, like, a little bit above what would be I guess, |
| 279 | 00:50:53,250 --> 00:51:07,500 | commission costs. But that's it. Now, I know I can do these things. But I here's the thing. as nimble as you see me doing what I show you on days when I can't |
| 280 | 00:51:07,500 --> 00:51:21,090 | control myself. The man part of me the physical person me, not the traitor ICT, the Michael, the imbalanced Michael, okay, the guy that I have to be very |
| 281 | 00:51:21,090 --> 00:51:31,110 | careful with, because if I let this motherfucker do what he wants to do, I'm gonna wreck myself and ruin my entire livelihood. Everything would be ruined, |
| 282 | 00:51:31,140 --> 00:51:44,700 | because a day like today would cause me to do something that I would punish myself. I would punish myself for years, knowing damn well, I should have never |
| 283 | 00:51:44,700 --> 00:51:56,190 | done it. But I started today. With that in mind. And with grace, I saw that you know what? Yeah, it's enough. I don't need another reminder. Thank you, Lord, |
| 284 | 00:51:56,190 --> 00:52:07,050 | I'm done. I know, because of experience. When I tell you, somebody asked me today, do you think I should put a short order in at 3570? If it comes back up |
| 285 | 00:52:07,050 --> 00:52:23,220 | to that? I said, No. I wouldn't touch it today. Because immediately, when I looked at that tweet, my mindset was okay. They're asking me that. And please, |
| 286 | 00:52:23,220 --> 00:52:31,230 | if you're the person that tweeted this, what I'm about to say, don't take this personal. I'm not trying to be rude. I'm not trying to be anything. I'm just |
| 287 | 00:52:31,230 --> 00:52:42,360 | being honest. When I read that tweet, I said, Okay, I'm going in, I'm looking for a fair value gap. I'm gonna buy a pullback towards 3570. I'm gonna go in, |
| 288 | 00:52:42,360 --> 00:52:54,660 | I'm gonna go long. But I didn't have the charts open. I just saw the tweet. I said, No, I wouldn't touch it. Wait till tomorrow. I was telling the person to |
| 289 | 00:52:54,660 --> 00:53:04,530 | don't do anything. But really what I was doing was telling Michael, stay the fuck out of this. Stay the fuck out of there. Don't do nothing with this. That's |
| 290 | 00:53:04,530 --> 00:53:13,740 | why I had to walk it because it was almost like, Okay, someone said this. So therefore, I'm gonna go on and do the opposite. And when I was a younger man, |
| 291 | 00:53:15,060 --> 00:53:27,000 | and we were on America Online, we had message boards, which was obviously like, the social media, Twitter space type thing back then. And whenever I would |
| 292 | 00:53:29,580 --> 00:53:37,920 | see other people's opinion, because let's be honest, everybody out there pretty much doesn't know shit about trading. And just look at today as an example. |
| 293 | 00:53:37,980 --> 00:53:46,890 | Like, they're trying. They're all trying to figure out what's going on. You. We all were expecting the daily load to be taken out. We wanted 3570. Okay, we knew |
| 294 | 00:53:46,890 --> 00:53:53,850 | that was coming. Well, everyone that was listening in our community, we were expecting that we were not trying to buy anything, we didn't look for any kind |
| 295 | 00:53:53,850 --> 00:54:07,290 | of reversal type thing, prior to 3570 3570. That's where it's going to draw to. We got that today. You also know, before the big drops to take out that |
| 296 | 00:54:07,320 --> 00:54:14,610 | objective, chances are it's going to do what's going to go for liquidity. What kind of liquidity if 35 cent is below the market. That means we're going to take |
| 297 | 00:54:14,610 --> 00:54:23,700 | our buyside first. Well, I showed you what I was looking for. I actually showed the example where I was in I took the long I took the exit and I have students |
| 298 | 00:54:23,700 --> 00:54:30,690 | that actually marked it up. Before I even shared all that stuff. They have it marked out saying this is what I think's going to happen. Boom, boom, and they |
| 299 | 00:54:31,200 --> 00:54:38,640 | it they see it, they know what they're looking for. So that means they understand what I've taught them. But then we see all these other people out |
| 300 | 00:54:38,640 --> 00:54:49,950 | there that supposedly are market professionals. You're talking heads. They're on CNBC and all these other people. Oh, you know what's going on? They're talking |
| 301 | 00:54:49,950 --> 00:55:03,270 | about how this was one of the greatest days for the s&p. What look, okay. I understand they have to sell the stuff to keep people wanting to invest because |
| 302 | 00:55:03,270 --> 00:55:14,520 | it's a buyers market. Okay. I understand that. But we don't look at things like that. Like I don't, I don't want to go out and try to pick a bottom. Okay, I'm |
| 303 | 00:55:14,520 --> 00:55:23,760 | not gonna go out there and say you had the bottoms in. I'm not convinced that just because we had this happen today Oh, I see is the market go up into a daily |
| 304 | 00:55:23,760 --> 00:55:34,200 | fair value gap. All I see is normal business model were relatively close on a daily chart after the markets been going down for a long time. We've we've gone |
| 305 | 00:55:34,200 --> 00:55:45,990 | down about 50% of the previous Bull Run has been 50%. It's reasonable to see something like this happen. And it's also reasonable for them to come back and |
| 306 | 00:55:45,990 --> 00:55:58,050 | rail against anybody that's been short. Because I believe until I'm proven wrong, and I'm happy to be proven wrong, I don't care. I really want you to |
| 307 | 00:55:58,050 --> 00:56:05,820 | think about this, okay. And my students that were in my private mentorship know what I'm going to say here, because they were hearing about this back before all |
| 308 | 00:56:05,820 --> 00:56:22,530 | the shit really started happening. All the things that are about to take place. I've mentioned to you in previous Twitter spaces. And some of you are unnerved, |
| 309 | 00:56:22,530 --> 00:56:33,840 | and you're scared. Okay. I want you to understand when I talk to you about this, it's not to scare you. I'm not sensationalizing anything. Okay, I want you to |
| 310 | 00:56:33,840 --> 00:56:48,960 | understand that the general media isn't going to communicate these things to you until it's already too late. In America, our news is filtered greatly. And |
| 311 | 00:56:48,960 --> 00:57:00,000 | you're not going to get the perspective that's really going on and ground zero in these other countries where things are happening. And I've been about nine to |
| 312 | 00:57:00,000 --> 00:57:11,820 | 12 months ahead of everybody in everything. And that's not bragging. I need to be ahead of everyone else. Because I don't want to fall victim to these types of |
| 313 | 00:57:11,820 --> 00:57:22,470 | things. And I had students literally tell me go fuck myself that I was insane. Okay, I'm not, and they wanted a refund, just on the basis of the things I told |
| 314 | 00:57:22,470 --> 00:57:34,260 | you that you're seeing happen, right? Fuck now. I said, first of all, you're not going to get a refund. You just sit back and you watch what's going to happen. |
| 315 | 00:57:34,590 --> 00:57:43,860 | Okay, in the meantime, I'm gonna go over on Twitter. And I'm gonna show the whole world that are outside here. What you've been experiencing, but you get |
| 316 | 00:57:43,860 --> 00:57:51,900 | caught up in me talking about things are outside the marketplace, because it hasn't happened in your neck of the woods yet. You you're, you're, you're this |
| 317 | 00:57:51,900 --> 00:58:03,690 | and you're that no man. Just take a look around. I would love to be wrong. I want to be wrong. For the sake of my own family and friends, the stress this is |
| 318 | 00:58:03,690 --> 00:58:12,720 | going to bring on them. I hope I am wrong. But look around me. Things are gonna get really, really hard. I sat down |
| 319 | 00:58:14,130 --> 00:58:20,490 | and I sat down at the Lord. And okay, and I know some of you don't believe in this. Okay, some of you believe in Allah. Some of you believe in other things |
| 320 | 00:58:20,490 --> 00:58:27,120 | that and other religions, okay? I'm not going to knock your religion. I'm not gonna say anything about you. I'm not going to tweet to you and say, You don't |
| 321 | 00:58:27,120 --> 00:58:33,060 | know the real Lord or you don't know the real creator. So please don't do that to me, okay? Because I'm not going to listen to you and what's going to happen? |
| 322 | 00:58:33,090 --> 00:58:39,840 | I'm going to mute you. I won't delete you. I'm going to meet you because that's offensive to me. And I'm not trying to be offensive to anyone else. But this is |
| 323 | 00:58:39,840 --> 00:59:02,430 | what I did. Okay. I sat down. I said, Lord, how can I be used to be as much help as I possibly can to other people? Because I know what I know what's coming. I |
| 324 | 00:59:02,430 --> 00:59:19,620 | knew I knew in 2010 I when I stepped down on baby pips, I wanted to let the cat out of the bag then. But I was afraid to talk about it. And I am ashamed to tell |
| 325 | 00:59:19,620 --> 00:59:28,770 | you that I was afraid to talk about it. Not because people would laugh at me because you can see I don't care about that shit. But I was afraid if I talked |
| 326 | 00:59:28,770 --> 00:59:42,690 | about it. You know, what might happen? And I have old friends that like to visit once in a while and they talk to me and tell me there's certain things I |
| 327 | 00:59:42,690 --> 00:59:57,390 | shouldn't talk about. And I don't, but I tried to be a little bit cryptic and people that have been watching me over the years they they have been really |
| 328 | 00:59:57,390 --> 01:00:09,570 | close many times to where I was pointing until we got to around the 2016 election. At that point, it was like it was, like I needed to talk about. And I |
| 329 | 01:00:09,570 --> 01:00:19,110 | said everything I said Trump would be elected. Everybody laughed. I said, they're gonna use him as a fall guy. It's happening. And he's part of it all |
| 330 | 01:00:19,110 --> 01:00:25,890 | too. So I know that probably throws you into a different category, because some of you like yeah, he's a Trump. I'm not a Trumper but didn't vote for anybody. |
| 331 | 01:00:26,490 --> 01:00:37,410 | And it's just they're all part of the same thing. It's all theater. Okay, but the things that are coming, I talked about all the central bank digital |
| 332 | 01:00:37,410 --> 01:00:51,630 | currencies, okay? And they have to create this reason for it. Okay, because most people don't even understand what that is. Number one, and that's the reason why |
| 333 | 01:00:51,660 --> 01:00:58,680 | the whole crypto thing was invented. They let you all champion the idea of oh, we're going to be fiat currency |
| 334 | 01:01:04,080 --> 01:01:11,220 | Bitcoin is now the equivalent of Fiat and I know this blew your fucking minds and you're gonna kill me and pitchforks and shits gonna be on Twitter for you |
| 335 | 01:01:11,220 --> 01:01:24,030 | because of it, to settle down and listen to me, okay? The whole blockchain was started for the very purpose of central bank digital currencies. Not for Bitcoin |
| 336 | 01:01:24,030 --> 01:01:35,280 | champions, not for heroes that are trying to be Mavericks out there and beat Fiat. Listen, folks, remember Qaddafi. Remember how he wanted to start his own |
| 337 | 01:01:35,280 --> 01:01:52,440 | currency, he wanted to do his own thing that was gold back? What happened to him and they didn't hide it. They televise that these banks, you cannot beat them. |
| 338 | 01:01:53,670 --> 01:02:04,290 | Okay. Everybody out there with the militia mindset, oh, we need a 1776 and we're gonna do this, we're gonna do that you're not doing shit. You're not doing shit. |
| 339 | 01:02:05,190 --> 01:02:20,580 | You can't beat it. Okay. So the only thing you can do is try to align yourself with what they're doing. Now, that poses a great deal of a moral dilemma. For |
| 340 | 01:02:20,580 --> 01:02:38,460 | those folks out there that have a sense of humanity. Yes, the very concept of what central banking is, is very, very evil. But when I was a younger man, and I |
| 341 | 01:02:38,460 --> 01:02:50,070 | was introduced to all this, I wasn't wanting to be a part of it at all, like I wanted to stop trading altogether. Because once I discovered what is really |
| 342 | 01:02:50,070 --> 01:03:06,090 | going on behind the scenes, I did not want to be part of that at all. Lots of money offered lots of doing this, and lots of doing that. And now it's a club |
| 343 | 01:03:06,090 --> 01:03:22,650 | that you don't really want to be a part of. And a lot of young guys and gals would have signed up immediately. I'm only on this rock, spinning through space |
| 344 | 01:03:22,650 --> 01:03:37,740 | for a few decades or so. If I'm lucky, if I'm going to be 100. I don't think I will be but I don't think this is all there is. And in this world. When I was a |
| 345 | 01:03:37,740 --> 01:03:46,950 | younger man, I did things that I wasn't proud of. And still not proud of. I can't change that. The only thing I could do was apologize and ask for |
| 346 | 01:03:46,950 --> 01:04:05,070 | forgiveness. And I believe my faith gives me that. But I asked him, I said, You know what, what can I do? To be an instrument to be used that way? Number one, |
| 347 | 01:04:05,520 --> 01:04:12,960 | people can see the real me. Because a lot of things out there that are said about me. They're all done from a competitive standpoint, because if you don't |
| 348 | 01:04:12,960 --> 01:04:22,740 | watch me, then you won't stay long enough to find out what really works in these marketplaces. And if you don't see that, you'll fall victim to whatever they're |
| 349 | 01:04:22,740 --> 01:04:33,060 | trying to sell or get your attention and get your money. I made millions of dollars selling my material, my teaching my mentorship, okay, and I have a group |
| 350 | 01:04:33,060 --> 01:04:41,040 | of people that are in a private group that are waiting for me to return when I'm done doing this core content, and I am coming back home. I'm going back to |
| 351 | 01:04:41,040 --> 01:04:53,190 | private when I'm done. I will not be tickling your Twitter. I'm going back to my private forum. And that's where I'm going to be now do videos on YouTube. But I |
| 352 | 01:04:53,190 --> 01:05:08,730 | asked in prayer I said yeah, how can I? How can I do this and He gave me basically the inspiration to do what I've done all this year. Now, there's a few |
| 353 | 01:05:08,730 --> 01:05:21,960 | times I was wanting to do things from the man, the Michael, the humanity in me, the guy that gets mad, the guy that gets angry, the guy that wants a little pair |
| 354 | 01:05:21,960 --> 01:05:37,950 | the dog to beat him. And I was just told this keep doing what you're doing. So I just stuck to what I was doing. I have shown you something that even my private |
| 355 | 01:05:37,950 --> 01:05:49,650 | mentorship wasn't given. And I showed you from my heart. Because it was exactly what I designed for my daughter. Many of you are seeing people all around the |
| 356 | 01:05:49,650 --> 01:05:52,290 | world, making real money with that. |
| 357 | 01:05:54,180 --> 01:06:01,680 | So if there's ever been a doubt whether what I teach or what I know, Am I really that accurate? Can I really talk about where the markets going to be going |
| 358 | 01:06:01,680 --> 01:06:13,050 | forward? Am I doing both sides of the marketplace up or down and picking the right you're seeing it now you all tasted it. So I believe that I have done what |
| 359 | 01:06:13,050 --> 01:06:23,010 | I set out to do. Last year, I told you just sit back and watch what I do. I'm gonna give you a means of making money, it won't cost you anything, I'll make it |
| 360 | 01:06:23,010 --> 01:06:33,720 | as easy as I humanly possibly can do it there, there really is no other way simpler. If you're gonna be using, if you're gonna be using anything |
| 361 | 01:06:33,720 --> 01:06:43,380 | algorithmic, you're gonna be doing anything with how these markets book, that 2022 mentorship model is it there isn't going to be somebody out there to saying |
| 362 | 01:06:43,380 --> 01:06:50,640 | here, here's a five minute version of the ICT fuck all that, okay, there's a couple guys out there trying to run their channels like this, okay, and I get |
| 363 | 01:06:50,640 --> 01:06:58,110 | it, there's an audience, they want that Facebook, they want that fast. Give me a real quick, short, little five minute trainer, fuck all that you're never going |
| 364 | 01:06:58,110 --> 01:07:06,630 | to do that. You're never going to understand what you're doing. So you're getting your clicks, and you're getting a little ad revenue on that shit. But |
| 365 | 01:07:06,630 --> 01:07:15,390 | they're gonna tell you later on, this shit didn't work. I'm going over here where I get the real juice. And I'm not taking the videos off the YouTube. |
| 366 | 01:07:15,930 --> 01:07:26,070 | They're there. So that way people that try to sell my shit or rename it or whatever. They're gonna say, Oh, this is where it really came from. And my last |
| 367 | 01:07:26,460 --> 01:07:41,520 | video for mentorship will be a sit down face to face, you'll see me and I'm gonna explain why I did it. I'm gonna explain why I insist on having credit |
| 368 | 01:07:41,520 --> 01:07:54,270 | because it's not about ego. And you'll hear right from my own mouth, right from my own face, and there is no filters, you're going to understand why I live my |
| 369 | 01:07:54,270 --> 01:08:10,080 | life the way I do. I'm human. And sometimes I cuss like a sailor. And I wish I could change that about myself. I wish I could do that. 24/7 You know, when I'm, |
| 370 | 01:08:10,740 --> 01:08:20,640 | when I'm praising the Lord, it's interesting how I don't reach for those words. He tamed the tongue in those moments. But when I'm not talking about him, it's |
| 371 | 01:08:20,640 --> 01:08:33,060 | very easy for me to reach for the colorful language. So I'm not preaching to you, I'm not trying to bring you to church or anything, but I'm just pulling the |
| 372 | 01:08:33,060 --> 01:08:43,830 | veil back on that, you know, there's a lot of things that go on, that you don't really fully understand that I contend with. And I'm many times convicted. Every |
| 373 | 01:08:43,830 --> 01:08:54,480 | single time I do one of these, where I'm talking to you live, I'm immediately convicted. I'm immediately asking for forgiveness, because I'm not being a good |
| 374 | 01:08:54,480 --> 01:09:08,400 | role model for you. But I use these instances, to discharge. It's a it's a confessional. It's a way for me to vent. And I gotta be honest with you. Some of |
| 375 | 01:09:08,400 --> 01:09:18,600 | these are not liked by a lot of you, because you don't find any real value and most the time, you know, it's just entertainment for the other folks like I love |
| 376 | 01:09:18,720 --> 01:09:30,300 | wretched ICT. It's not I don't want to be that I don't want to be. But it's unfortunate that I have to manage these feelings, these emotions, these |
| 377 | 01:09:30,900 --> 01:09:45,510 | chemicals, and I let them burn off. And once it happens, it gives me the ability to be around my family and to be around myself and not have 1000 Things rushing |
| 378 | 01:09:45,510 --> 01:09:54,870 | to the front of my mind and it feels like that it feels like there's 1000 things that needs my attention right now and all of them are life. Like threatening. |
| 379 | 01:09:54,900 --> 01:10:03,000 | They're all emergencies when they're not. Not one of them is an emergency but that's what it feels like living with This. And it's hard to articulate that |
| 380 | 01:10:03,030 --> 01:10:17,250 | it's hard to make it understandable for someone that doesn't have it. And I know when I see someone else living with it and I deal with them differently, I deal |
| 381 | 01:10:17,250 --> 01:10:29,160 | with them differently because I know they can't control it. Once I rev up, whether it be the good side or the bad side, nobody's talking me down. And |
| 382 | 01:10:29,160 --> 01:10:36,960 | that's why I get offended when someone says in tweets, like, hey, look me and take it easy, don't worry about them. When you start mothering me, okay are |
| 383 | 01:10:36,960 --> 01:10:45,840 | playing my father, I get offended by that. And that just makes it worse. So those individual using mute, |
| 384 | 01:10:47,190 --> 01:10:55,890 | you don't know if I've done that. You keep seeing all my tweets, but I don't want them to do that, again, because I'll respond to them. I'll remember their |
| 385 | 01:10:55,890 --> 01:11:03,690 | name, I'll say, looking at Hey, and I've done this already before, and not broomed people off my Twitter, and who cares, right big deal, ICT got caught up |
| 386 | 01:11:03,690 --> 01:11:14,190 | in his fields, and he blocked me. If I don't do that, I'm going to say things that aren't going to be really edifying as a mentor to that person where I could |
| 387 | 01:11:14,520 --> 01:11:21,750 | just simply say, hey, look, you know, if I was more balanced, at that moment, I could say, hey, you know, maybe you should look at it like this, or do something |
| 388 | 01:11:21,750 --> 01:11:33,600 | like that. But most of the time, sometimes I get triggered. And once it starts rubbing up, I can't, I can't be the right kind of mentor for anyone. And for the |
| 389 | 01:11:33,600 --> 01:11:41,880 | last two weeks, that's how it's been, like, it's been really, really hard for me to keep things in check. Because of all the things is going on, and I'm thankful |
| 390 | 01:11:42,390 --> 01:11:51,840 | that my wife's gonna be able to get this house and that way. Well, Happy wife happy life. But these are, these instances are going to creep into your own |
| 391 | 01:11:51,840 --> 01:12:03,150 | trading to maybe you don't have bipolarism, maybe you don't have that issue. But everybody has a bad day, once in a while. I don't care how healthy you are, your |
| 392 | 01:12:03,150 --> 01:12:12,090 | job, you may love it, you may be making, you know, a high salary, they give you great benefits, and you're interested in never really leaving it because you |
| 393 | 01:12:12,090 --> 01:12:19,200 | love your job. It's your profession, you know, I got students that are like that they have no interest, I don't care how much they make, I think that'll change |
| 394 | 01:12:19,200 --> 01:12:28,290 | when they get really up here and in returns. But they say that I don't want to leave my job, I'm going to stay with this and I'm happy with what I'm doing. |
| 395 | 01:12:29,760 --> 01:12:38,040 | Those individuals still have bad days, if you're married, or if you have a relationship, let me tell you something, you're gonna have a bad day, your other |
| 396 | 01:12:38,490 --> 01:12:51,120 | partner is going to see to it. That's, that's just a fact of life is going to happen like that. And when it happens, you need to make a real careful decision |
| 397 | 01:12:51,150 --> 01:12:59,070 | on whether you're going to be entering the marketplace on that day or not. I'm going to humbly submit to you that you probably should take the day off, I don't |
| 398 | 01:12:59,070 --> 01:13:10,500 | care how good the chart looks. If you're in a situation that you feel a lot of stress, a lot of anxiety. Or if you just pent up hostility, like I have that I |
| 399 | 01:13:10,500 --> 01:13:19,950 | feel a lot better now that I've talked about it, because it's different. You know, it's different. Talking to someone outside of my wife, who is my partner, |
| 400 | 01:13:19,980 --> 01:13:30,450 | she's part of this corporation, that's our marriage, okay, you know, we have a relationship, that we have to build each other up and strengthen each other and |
| 401 | 01:13:30,480 --> 01:13:44,160 | be there for each other. And we have had a division in our relationship since this started because I'm doing everything I can to acquire this property for |
| 402 | 01:13:44,160 --> 01:13:54,690 | her. And she is trying to do everything she can not to pester me about every little thing she's feeling every single day. So imagine that, like, it's very |
| 403 | 01:13:54,690 --> 01:14:05,730 | hard to manage all these things. And you're gonna have that same problem. It's gonna creep in. And when you have that instance, where you're at, you're out of |
| 404 | 01:14:05,730 --> 01:14:14,730 | sorts. Okay, you're, you're not dialed in, because you have something going on. It may be something is, you know, like, you have a child and they're sick, or |
| 405 | 01:14:14,880 --> 01:14:24,720 | they're getting in trouble. You know, maybe they're entering a troublesome time and they're developing as a child and they're trying to find themselves. That's |
| 406 | 01:14:24,720 --> 01:14:35,340 | stressful. You know, and maybe you're going through an illness, maybe you've discovered something about yourself and your health it is now scary. You know, |
| 407 | 01:14:35,340 --> 01:14:51,720 | I've I've often thought about all of you and what types of circumstances that would creep into your life. And there's a whole slew of things that could come |
| 408 | 01:14:51,720 --> 01:15:04,260 | up, and what might not be a big deal to you may be something earth shattering to someone else. But if you're On that precipice where you're, you know, all it |
| 409 | 01:15:04,260 --> 01:15:13,890 | takes is a small little nudge by somebody, and you're going to lose your shit, you're going to lose your mind, you're gonna go off, and you're not gonna be |
| 410 | 01:15:13,890 --> 01:15:25,560 | able to control contain your emotions. If you feel that way, like if you feel that the worst thing you can do is going to the marketplace. It never turns out |
| 411 | 01:15:25,560 --> 01:15:36,600 | well, it never never turns out well. And I went in this morning with that mindset, like I wanted somebody's ass, like, I wanted to tear up something bad. |
| 412 | 01:15:37,740 --> 01:15:47,130 | And then I was going to pee kocot all over social media. Because I wanted a war. I wanted it, it was an outlet. So |
| 413 | 01:15:48,810 --> 01:16:01,170 | now because there's closure to this, I feel much more balanced, because I've talked to you, because you're all part of the family here, you're a part of the |
| 414 | 01:16:02,130 --> 01:16:16,410 | this ICT clique, and the cult of winning, You are the closest individuals, there's going to understand what I'm saying about this than anyone else see, you |
| 415 | 01:16:16,410 --> 01:16:27,210 | know what it feels like to be inspired or lowered into the marketplace based on these little lines on this chart? Do you know what that feels like? The field |
| 416 | 01:16:27,210 --> 01:16:34,320 | like it's telling you to get in there and do something. And you know what it feels like when you're right. And you know what it feels like when you're wrong. |
| 417 | 01:16:34,860 --> 01:16:48,330 | My wife doesn't know that. She doesn't understand that at all. So she's happy now. And I'm happy because I've been able to explain what I've been wrestling |
| 418 | 01:16:48,330 --> 01:16:56,820 | with the last two weeks. It's been since really the first week of September. And it just progressively got worse, because we were supposed to close on next |
| 419 | 01:16:56,820 --> 01:17:08,070 | Monday for the house. And while that could really I guess still happen, the sellers were not able to move their things out. Because of all this other stuff. |
| 420 | 01:17:08,400 --> 01:17:16,830 | Then they couldn't they couldn't sell the house on the on the Monday that's coming. Because they Liz pendants was on the house still. So I gave them an |
| 421 | 01:17:16,830 --> 01:17:26,610 | extension on next Friday, and let them get their last bit of things out. And then it's done. Because I know that's happening. And because I know where's |
| 422 | 01:17:26,610 --> 01:17:41,820 | closure, I'm able to, I guess, talk to you all, I guess the way I'm doing it now. And maybe it's maybe it's not interesting to you, I really don't care. |
| 423 | 01:17:42,510 --> 01:17:51,870 | These types of things are very therapeutic for me. And maybe it's something that's helpful to some of you, maybe you maybe you get something out of this, |
| 424 | 01:17:51,870 --> 01:18:01,740 | maybe you feel like you can connect with me as your mentor better, because you may be experienced these types of things, maybe not to the degree, like I |
| 425 | 01:18:01,740 --> 01:18:12,300 | explain. Maybe, maybe it's a little bit less in terms of intensity. But all of us are human, we're all going to have these problems. We're all going to have |
| 426 | 01:18:12,810 --> 01:18:23,940 | these issues that creep in. And you're gonna have to make a decision, do you really want to bring yourself misery if you do it wrong, so you're not going to |
| 427 | 01:18:23,940 --> 01:18:39,360 | see it like that? At the time, and it's going to take a great deal of self control. To say no, you're not going to be able to do it many times, you're |
| 428 | 01:18:39,360 --> 01:18:47,520 | gonna just fall victim to yourself. You're gonna go in there start clicking buttons and pushing buttons. And the worst thing that can happen is |
| 429 | 01:18:52,650 --> 01:19:06,990 | well, I guess now it just dawned on me. That guy corbs is over there. Across the pond. Okay, he's glad he's globe trotting, bouncing around over there. And I |
| 430 | 01:19:06,990 --> 01:19:22,380 | don't know where he's at, to be honest with you. Where he's at his internet service sucks. But I think what he's feeling is there is a disconnect between |
| 431 | 01:19:22,380 --> 01:19:35,100 | him and his audience. And because he's working very hard to try to grow his channel and his community. I think that he feels that separation anxiety. |
| 432 | 01:19:35,760 --> 01:19:46,200 | Knowing that, you know, he's used to having that live interaction. That continuity has now been disrupted. For for reasons outside of his control. Now, |
| 433 | 01:19:46,590 --> 01:19:58,200 | put yourself in his shoes for a moment. Okay, and understand and think about what he's been very honest about the last two videos. He says I'm having a hard |
| 434 | 01:19:58,200 --> 01:20:07,770 | time doing this and having a hard time You're gonna, and I know I should be taking something on these trades when I'm down, but I won't. So what I think |
| 435 | 01:20:07,770 --> 01:20:20,430 | he's doing is he's trying to feel good about something else he's able to conquer. So he wants to be able to find a connection to do his live streams. But |
| 436 | 01:20:20,430 --> 01:20:32,340 | because he's been prevented the mail in him, the caveman bows a deer, right by my truck. I'm in a parking lot at the hospital rip the street from where my home |
| 437 | 01:20:32,340 --> 01:20:53,130 | is. And there is a bagel dough and the hunter guys, but she's literally right walking right next to the truck. Wow. Look at you, girl. She's looking at me |
| 438 | 01:20:53,130 --> 01:20:53,340 | now. |
| 439 | 01:20:58,380 --> 01:21:01,290 | I'm wondering if I can take a picture while we're |
| 440 | 01:21:03,060 --> 01:21:34,710 | talking? Should I go Should I take up pictures I shared? Oh, there's another one. What the hell is going on. That's a second deer coming in here. We're in a |
| 441 | 01:21:34,710 --> 01:21:55,950 | parking lot of a hospital and it does roll around. Anyway, get back to this court things enclose this circus act. So corpse has this desire to do his live |
| 442 | 01:21:55,950 --> 01:22:06,450 | streams, but he's unable to do so. So now he can't fix that. He can't do it. He wants to do. But he can't. It's outside his control is outside of his hands. But |
| 443 | 01:22:08,130 --> 01:22:20,370 | the man in the calendar caveman is saying to himself, let's go out there with our club and bonk the market over the head and take a victory and feel good |
| 444 | 01:22:20,370 --> 01:22:31,440 | about that. Because I can't do live streams. I'm gonna go out there and feel good because I've conquered the market. And I'll compensate for myself that way. |
| 445 | 01:22:33,720 --> 01:22:41,430 | That's what I personally believe he's experiencing. And if he's listening, it'd be interesting for him to either say Nah, it's not happening ICT or if it is |
| 446 | 01:22:41,700 --> 01:22:51,930 | like, Yes, that's it. Or maybe he didn't know now he's able to think about like this. But I'm quite certain if I was in his situation, those are the very things |
| 447 | 01:22:51,930 --> 01:23:02,580 | I'd be trying to do. Because I can't make that man take that list pendants off, he had to be paid for, or had to be bought out by the seller to do that. That |
| 448 | 01:23:02,580 --> 01:23:09,000 | was the whole reason why I did it. Nothing was going to tell him to take it off until he got to court and then lose and then paying damages. And he wasn't gonna |
| 449 | 01:23:09,000 --> 01:23:22,110 | do that either. But he knew us waiting. As long as it may take to get to that point. You know that it's, we're gonna make a move before that in $2 million in |
| 450 | 01:23:22,110 --> 01:23:34,050 | property in a high of the market like it is that the seller is going to make a move, and he did. So corbs is probably doing very much like what I'm outlining |
| 451 | 01:23:34,050 --> 01:23:45,720 | here. He's doing things impulsively. And then that takes him out of his focus. Instead of saying, This is what I do. This is what I'm supposed to do. And this |
| 452 | 01:23:45,720 --> 01:23:55,590 | is the methodology I should be following. He even reported that in his discussion about himself. He knew in the trades, I should be doing this. But he |
| 453 | 01:23:55,620 --> 01:24:07,470 | won't do it. Why? Because he is being denied something that he wants to do with his community. He wants to be able to do something that he's been doing daily |
| 454 | 01:24:07,860 --> 01:24:20,550 | ish, as he says, except for Fridays. But he can't do it. Not because he can't do it. He can't do it, because he's been denied from an outside source, which is |
| 455 | 01:24:20,550 --> 01:24:32,490 | the internet provider where he's at. So that sense of what frustration, that denial of something that would be reasonable to expect and something he's used |
| 456 | 01:24:32,490 --> 01:24:42,870 | to doing. He can't do it. So what is it doing? It's taking him out of his mental focus, his role based idea of what he should be doing, how to keep himself |
| 457 | 01:24:43,230 --> 01:24:52,890 | disciplined, and what is he should be doing when he's in a trade. That's what I find fascinating about him because he's a he's like a test tube for everybody to |
| 458 | 01:24:52,890 --> 01:25:03,330 | see. And it's beneficial for you. Who cares if he doesn't trade like us? That's not the point. Have I ever looked at him and said, Look what he's doing wrong |
| 459 | 01:25:03,330 --> 01:25:14,610 | there. I haven't done that. And I don't want to do that I have no intention of doing that. I'm not trying to press on him to learn to be like us, I saw so many |
| 460 | 01:25:14,610 --> 01:25:26,310 | of you, commenting you learn from ICT, don't do that, please, you're going to embarrass me. That's not what I'm doing. Okay. I believe he is a great resource |
| 461 | 01:25:26,580 --> 01:25:37,590 | for studying the psychology of a trader. It matters not to me if he makes money or not, the fact that he's willing to spend the time that he does, and then |
| 462 | 01:25:37,680 --> 01:25:51,210 | expressing this, his experiences, He's not holding it back. And I think that is a breath of fresh air for people that are learning how to do this. If you watch |
| 463 | 01:25:51,300 --> 01:25:59,850 | and listen to what he's saying, you're going to resonate with that, especially if you're trading before you're supposed to. Okay, I think that you will |
| 464 | 01:25:59,850 --> 01:26:12,690 | resonate with what he explains that he feels as a mental barrier, and some of the things that he feels good about what he does. But mostly the struggles of |
| 465 | 01:26:12,840 --> 01:26:22,500 | finding yourself, especially in this type of volatility, because the volatility will make you fall in love with the potential |
| 466 | 01:26:23,909 --> 01:26:34,919 | the potential of making a lot of money. Yeah, it's there. It's there every day. But this volatility is creating romances in many people's minds. And they're |
| 467 | 01:26:34,919 --> 01:26:49,349 | thinking, Man, I'm gonna and I fell victim to it almost today. ICT almost got wrapped up in some love triangle shit. Okay. Michael, missy, and the s&p, and I |
| 468 | 01:26:49,349 --> 01:27:01,739 | got news for you guys. My wife ain't sharing our relationship. Okay, there's no Manassa trois. With my wife, it's not gonna happen. But that type of thing. |
| 469 | 01:27:02,999 --> 01:27:11,969 | Where men get wrapped up with their routine, if they get taken out of it, it takes us completely off our focus. And I think that's really what's going on |
| 470 | 01:27:11,969 --> 01:27:23,729 | with with corpse. And maybe that makes sense to you. Now, maybe it makes sense to what happens in your own trading and your own analysis. How do you feel when |
| 471 | 01:27:23,729 --> 01:27:39,629 | your normal routine is disrupted? Okay. Do you have unexpected guests? Okay, I have a student that, you know, opened their home up to a inlaw. Okay, and he |
| 472 | 01:27:39,629 --> 01:27:52,529 | admittedly did not want them, staying with them. But trying to be the good spouse, trying to be the one that, you know, I guess, tries to do whatever to |
| 473 | 01:27:52,529 --> 01:28:06,659 | keep peace in the house. Said, Okay, they can stay here. And it's caused a nightmare for his routine, as a husband, a father, an employee at the place |
| 474 | 01:28:06,659 --> 01:28:13,919 | where he works, and then come home, and he's had to learn how to trade and then he has to find time to trade. And this individual in the house, they're leaving |
| 475 | 01:28:13,919 --> 01:28:21,959 | things out, when normally that doesn't go on in their house, these types of things. He's completely taking him out of focus. And he goes, does this sound |
| 476 | 01:28:21,959 --> 01:28:32,789 | like I'm being overbearing or frivolous? It's like, No, first of all, I wouldn't let him I live with me. Okay. Number two, yes, I will be out of my mind. Like, |
| 477 | 01:28:32,819 --> 01:28:41,489 | I'm a person that everything has to have its own place. And if it's out of place, I'm going to know. And if it's disruptive, needs sit down and say, hey, |
| 478 | 01:28:41,489 --> 01:28:49,379 | look, you know, this is the way I need you to conduct yourself here. Because not only is it disruptive to me in my thought process, but once I'm out of whack, |
| 479 | 01:28:49,619 --> 01:28:59,129 | okay, and unable to focus, and I'm risking money, and I can't have any messing with my fucking money. Okay, so this is where you got to get your permission |
| 480 | 01:28:59,129 --> 01:29:10,019 | from me that you can say that word, but you got to find your own solutions. And you got to find your own rhyme and reason is that you know, how you find |
| 481 | 01:29:10,439 --> 01:29:19,079 | continuity in your life. Because if you don't have continuity, if you don't have the means of adjusting and adapting to what's going on, it's going to take you |
| 482 | 01:29:19,079 --> 01:29:28,739 | out of your, your focus. And you'll have the same types of things that corbs has been talking about in the last few videos. And I think that's such a great |
| 483 | 01:29:28,739 --> 01:29:45,359 | teaching tool. It's such a great well, foundation to Trader psychology, because that's rarely tapped into. Rarely is that ever really brought up as a means of |
| 484 | 01:29:45,419 --> 01:29:59,519 | undoing oneself in the marketplace. Because I had done that to myself when I was in my 20s I did not understand the impact of something as simple as I'm not able |
| 485 | 01:29:59,519 --> 01:30:10,949 | to do what I'm I'm supposed to do normally. So what am I going to do? I'm going to look for a feel good victory. I want a rocky moment. Well, if you remember in |
| 486 | 01:30:10,949 --> 01:30:25,799 | rocky one Apollo fucked him up. He didn't when he got bucked up. So yeah, he survived. But he didn't get new championship, he got his ass whooped. So, just |
| 487 | 01:30:25,799 --> 01:30:32,789 | remember, that's where it's gonna most likely feel like you're gonna get it. And you might do a good job of slugging it out. But you're going home fucked up. So |
| 488 | 01:30:32,939 --> 01:30:41,129 | you got to stay focused, you got to stay focused, understand why you're doing it and don't get taken out of focus. And if your routine it's all out of whack, |
| 489 | 01:30:42,029 --> 01:30:52,169 | something's bringing, you know, inconsistency and disrupting your continuity and your everyday life. That right there is a warning sign do not go in if you feel |
| 490 | 01:30:52,169 --> 01:31:01,679 | like you want to get revenge, or you want to feel good moment, you want to feel like an animal or add a gal, you did something great. Don't look to the market |
| 491 | 01:31:01,679 --> 01:31:10,199 | for that feel good moment. Don't ever look to the market like that. Now, if you do something and you feel good, there's nothing wrong about that. But don't use |
| 492 | 01:31:10,199 --> 01:31:15,869 | that as your inspiration for going in and trading. Because if you do that, what's going to happen is and I'm closing on this point, |
| 493 | 01:31:17,310 --> 01:31:26,670 | you're going to trade more times than you're supposed to? Or should do, you're going to use more leverage. And chances are, you're not going to use a stop loss |
| 494 | 01:31:26,700 --> 01:31:36,120 | effectively or at all. Because you're going in with a one sided perspective that it's only going to work out in your favor. Because you need it to |
| 495 | 01:31:36,120 --> 01:31:51,030 | psychologically and emotionally. You need that victory. And you cannot envision anything but that. Now, what did you just do? You created the invitation, VIP |
| 496 | 01:31:51,030 --> 01:32:04,590 | invitation to that brokerage firm, sending your ass home with a blown account. Because that's exactly what that recipe brings you. In stunning fashion. I've |
| 497 | 01:32:04,590 --> 01:32:16,590 | done that when I was 20 years old. Everything. Everything that I did in those instances resulted in a losing trade. And it would be a bigger trade with more |
| 498 | 01:32:16,590 --> 01:32:33,210 | leverage, and no stop loss. And soybeans close me out. That was it. Wrapped up. Run up and done. And that's what's gonna happen to any of you if you don't |
| 499 | 01:32:33,210 --> 01:32:43,020 | listen. Because you're not thinking clearly. And you're doing all the wrong things, but it's not going to feel like that. Because in your mind, all I need |
| 500 | 01:32:43,020 --> 01:32:51,510 | is this feel good move. No, no, no, no, no, stop. Stop that. That's, that's bullshit. You know, you're bullshitting yourself. Nobody's there to tell you |
| 501 | 01:32:51,510 --> 01:32:59,250 | this, I'm telling you right now, you're full of shit. Because if you get away with it, then you're going to do it again. And then what's going to happen, it's |
| 502 | 01:32:59,250 --> 01:33:06,690 | going to bring your ass at a later time. So the worst thing you can happen is if you win, if you make money in that instance, that's the worst toxic thing you |
| 503 | 01:33:06,690 --> 01:33:16,110 | could have done yourself. Because you'll make that mistake again. You don't want to make that mistake. So I'm telling you don't look at the market like that. |
| 504 | 01:33:16,920 --> 01:33:24,840 | Don't come home pissed off because your boss maybe leaned on you. Okay, or denied a vacation or gave it promotion somebody else and you've been working |
| 505 | 01:33:24,840 --> 01:33:33,840 | hard and you deserve it. Okay, or you just don't like where you're at, you're pissed off. You came home in traffic, somebody bumped in your car, you had an |
| 506 | 01:33:33,930 --> 01:33:47,100 | accident or something. Now you need to do what you need to feel rewarded for putting up with all the bullshit of everyday life. And you're going to treat the |
| 507 | 01:33:47,100 --> 01:34:00,270 | market like the lottery. Because you deserve to win today. Well, you don't deserve to win. Nobody deserves that when you earn that. Okay, there's no |
| 508 | 01:34:00,270 --> 01:34:12,360 | deserving shit. Okay, you earn it. But you cannot earn it consistently. If you're doing dumb shit. And dumb shit is going to be a result of you going in |
| 509 | 01:34:12,720 --> 01:34:22,800 | looking for a feel good moment, while your personal life is in disarray. And it may not even be that big of a deal, but in our minds, you know, your spouse did |
| 510 | 01:34:22,800 --> 01:34:34,500 | something stupid. Now I'm gonna tell you, this is one thing that's going to be looked at by you all, like, really? That's a big fucking deal this guy. I have a |
| 511 | 01:34:34,500 --> 01:34:47,010 | lot of books. And my books, sometimes. If I'm reading them, I'll place them down. And I'll walk away from and they have to be exactly how I left them. If |
| 512 | 01:34:47,010 --> 01:34:56,250 | someone's moved in, my mind is going to be thinking okay, they open them up. And the page I have with a monochrome is then been moved because my youngest son, |
| 513 | 01:34:56,250 --> 01:35:06,330 | he's a touchy feely kind of guy. He's wanting to touch everything, move things. He's around look at shit. You know, I love him to death. But I just I can't, my |
| 514 | 01:35:06,330 --> 01:35:22,740 | mind won't let me do that. So that one little thing if that happens before I get into the pm session, because I homeschool that's going to be in my mind like, |
| 515 | 01:35:23,310 --> 01:35:33,870 | shit, he moved my placeholder, and I gotta go through and find like, that's, that's all it takes for me. That's all it takes for me. So it's a real hard |
| 516 | 01:35:33,870 --> 01:35:44,670 | thing living with ICT living with ICT would be a crazy asset calm, like it would be nuts, you really understand how hard it is for me to manage like you're |
| 517 | 01:35:44,670 --> 01:35:55,140 | seeing Howie Mandel, he does a really good job of hiding his mental illness. But when he's open about what he lives with, like, it brings me to tears all the |
| 518 | 01:35:55,140 --> 01:36:08,520 | time, because I know what that feels like, I know what it feels like to live with this. And to be able to, to sit down and separate everything else that's |
| 519 | 01:36:08,520 --> 01:36:17,580 | going on in the world in my own personal life. And the only thing that matters is these candlesticks. What is priced dealing right now in this time interval? |
| 520 | 01:36:17,910 --> 01:36:30,600 | Where is price at? How can I implement what I know? What's the algorithm going to do next. And I have no correlation to why I'm doing something as a reason for |
| 521 | 01:36:30,600 --> 01:36:45,840 | feeling good about what's happened in my life. That's a that's a wrestling match all the time. And it's every day. It's an everyday instance. So when I'm done, |
| 522 | 01:36:46,380 --> 01:36:56,760 | and I've been given a really well, I guess, positive outcome, I'm thankful to the Lord, I always give thanks to Him. And even when I lose, I'm thankful. |
| 523 | 01:36:56,760 --> 01:37:07,230 | That's all I lost. Okay, I do lose once in a while and you'll see it, I'll show it to you. But when it happens, I'm thankful that I don't lose as much as I |
| 524 | 01:37:07,230 --> 01:37:20,850 | could have on days like today. Like today, I could have been in there doing a lot of things the run up the account. But let's just say that trade that I was |
| 525 | 01:37:20,850 --> 01:37:29,640 | long in, that I left that limit order in and I would have never been filled. And I second guessed that just for a second because I was talking to my son because |
| 526 | 01:37:29,820 --> 01:37:38,670 | many times I have to tell Caleb, listen, don't talk, just listen to dad, I'm gonna give you the dialogue. Because if you ask me any questions, right, at this |
| 527 | 01:37:38,670 --> 01:37:47,970 | moment, it's gonna distract me and I won't be able to focus. And if I lose money, then I'm going to be angry. So that way, you know, I won't have any |
| 528 | 01:37:47,970 --> 01:37:58,170 | reason for feeling angry at you, or the instance of you asking a question, I want you to know what your questions going to be asking, like, I want that |
| 529 | 01:37:58,170 --> 01:38:07,440 | answer given to you. But just let that do what he's doing. And let me finish what I'm doing. And then I'll give you the time to any questions. Anything you |
| 530 | 01:38:07,440 --> 01:38:17,280 | want to ask me then yes. But if you asked me a question when the markets moving, that's going to completely take me out of focus. And that's one of the things |
| 531 | 01:38:17,280 --> 01:38:27,120 | that was very hard for a lot of my students when I was doing the first year mentorship, and I was trying to sit down with them in price. And outlining what |
| 532 | 01:38:27,120 --> 01:38:34,890 | it's going to be like for them to sit in front of price and what they're going to be feeling what this looks like and kind of like pantomiming the students |
| 533 | 01:38:34,890 --> 01:38:44,190 | sitting down in front of charts, and this is what you should expect. This is what you're gonna be feeling. Then I got 865 people asking me, you know, what |
| 534 | 01:38:44,190 --> 01:38:52,140 | about this? And why do you let this happen? You didn't buy here? Why did this happen? Is this an order block? What's this? And I felt like I needed to answer |
| 535 | 01:38:52,140 --> 01:39:01,920 | every single one on but I couldn't. And it was just like, I'm like a deer in headlights. And I'm caring more about their questions that I can't answer versus |
| 536 | 01:39:01,950 --> 01:39:12,810 | watching price. And it was a nightmare. I will I will never open myself up to that again. Because it's just, I can't focus. I cannot focus. Contrast that with |
| 537 | 01:39:12,810 --> 01:39:19,770 | what you see me doing with a live account. You just see my entries. You can see how I'm managing the position like Clearly. Clearly these things work. I know |
| 538 | 01:39:19,770 --> 01:39:28,080 | how to trade, but I cannot trade. If I have someone in my ear constantly. Hey, what about this? What about that? Why didn't you do this? Can this be looked at |
| 539 | 01:39:28,080 --> 01:39:39,000 | can you trade this? What about gold? I'm looking at the s&p or I'm looking at Forex. And these folks come up to me all the time. What about gold? Or what |
| 540 | 01:39:39,000 --> 01:39:46,860 | about DOLLAR YEN? Man don't talk to me about the fucking in. I don't want to hear about yen I can't fucking stand yen. Okay, it's so heavily mentally. I |
| 541 | 01:39:46,860 --> 01:40:04,530 | don't like it. I can't stand it. So you're gonna find all these little things in your development that set you off these little quirky yes Shit that just takes |
| 542 | 01:40:04,530 --> 01:40:12,750 | you completely out of your focus. And you'll probably have those experiences that corpse explaining as dialogues, saying, hey, look, this is the way it is. |
| 543 | 01:40:13,620 --> 01:40:23,580 | I'm having a struggle with this. And the best thing you can do is be honest, I can be honest with yourself. And, you know, I'm going to ask him in his |
| 544 | 01:40:23,580 --> 01:40:32,100 | comments, probably tonight for I go to bed. I'll go to his channel and post a comment on this most recent one. And ask him if he journals I don't? I don't |
| 545 | 01:40:32,100 --> 01:40:41,130 | think he's been asked that he has. I don't know if he's answered if he does or doesn't. But I think it'll be interesting to see if he journals and if he |
| 546 | 01:40:41,130 --> 01:40:55,320 | journals does he record what it is that he feels and how he reacts to all those things. But, you know, we'll see, we'll see what happens with |
| 547 | 01:41:00,359 --> 01:41:07,139 | what he does with himself with a journal, whether it uses a journal or not the interesting thing now. |
| 548 | 01:41:15,510 --> 01:41:29,160 | But I think this is going to close this one, kind of talk myself to a point where I'm ready to go home and stretch out grab a shower. I spent probably a |
| 549 | 01:41:29,160 --> 01:41:38,970 | little bit more time talking than I should have done. I got a lot of things off my chest, maybe. Maybe this was entertaining it. Maybe you found something |
| 550 | 01:41:38,970 --> 01:41:50,190 | insightful from the discussion. If not, you know, I apologize. I didn't mean to waste any of your time. But I think that if you found something in this, I think |
| 551 | 01:41:50,190 --> 01:42:05,670 | it'll be helpful to you going forward. And I'm sure I'll be tickling your Twitter tomorrow. Big news tomorrow, and 830 and 10 o'clock so just be mindful |
| 552 | 01:42:05,670 --> 01:42:14,910 | that volatility. Think that is going to be it for this one tonight. So until I talk to you next time, be safe. |