016-ict-tw-spaces-20230226-Through-The-Looking-Glass...
Last modified by Drunk Monkey on 2023-02-26 12:05
Outline
01:02 - Interview with the shark.
03:03 - Bipolarism, mood swings, mood swings, and rage.
06:31 - When you’re trading and you have all of these concerns about making money or fear of making a losing trade or failure.
13:56 - You don’t appreciate it until you’ve experienced it.
16:42 - How to get people to warm up to what you’re teaching.
21:15 - You need to make your house ready -.
28:12 - What style trade are you going to be?
31:17 - What is a fair value? -.
35:16 - How do you know which one is going to form today?
42:59 - The worst thing you can do is be inspired by me or anyone else to go out there and try to trade and feel like you're ready.
47:18 - What are you seeing through the looking glass?
51:44 - You don’t know when you’re going to hit that weight loss goal.
58:36 - You’re going to work your ass off in this industry no matter what you do.
01:02:52 - What do you see when you see through the looking glass?
01:10:37 - They don’t know what the next turn is going to be, they don’t know what’s going to happen.
01:14:12 - Don’t let other people get inside your head and take your mind off what you’re looking for.
01:18:18 - Patrickwhelan’s “rollercoaster of emotions”.
01:23:25 - What happens when you demand more than what the model can provide.
01:26:55 - Do three handles for months until you find that level of comfort.
01:30:40 - The importance of having more than one way to get into the market.
01:38:06 - How to get to the point of never fearing missing a move because I see them coming at all angles.
01:41:07 - Your job as a trader is not to predict price, but to react to price.
01:44:20 - Your job as a trader is not to predict price, it’s to be ready to react to it.
01:49:44 - What are you doing when you talk about other people?
01:53:03 - Show me what you’ve been doing.
02:01:06 - You have to understand the person that’s going to fuck this up for you.
02:03:35 - What you’re trying to turn trading into is image-based image-based worship.
02:07:13 - If you don’t have to trade well, you can’t expect to do grand slam home runs day in and day out.
02:16:17 - What happens if that choppiness is in dollar and you're a forex trader?
02:19:53 - You’re like a drug addict.
02:22:43 - When you’re looking at old data, you’re drawing an affinity for a pattern.
02:29:58 - Why you need to have a plan.
02:34:29 - Reverse engineer all the price movements.
02:38:03 - Why you need to listen to everything you’re told.
02:45:00 - If you do all the things right, you’re going in the right direction -.
02:49:13 - Observing the process of being there -.
Transcription
| 1 | 00:01:02,640 --> 00:01:11,100 | ICT: He likes it. Give me an audio check. Just to intimidate as a reply to it as he can hear me the volumes okay if everything's good enough |
| 2 | 00:01:33,570 --> 00:01:45,450 | Thank you very much. Appreciate that. hope everybody's doing well tonight. So I posted, I wanted to see what kind of response I would get on a Saturday night. I |
| 3 | 00:01:45,450 --> 00:01:58,860 | said he made money with what I've taught to me an email if you want to do an interview with me, man, my my inbox is blitzed it's, we're gonna have interviews |
| 4 | 00:01:58,860 --> 00:02:10,530 | for a while, apparently, because it's a lot of people that want to talk in. And so very thankful and appreciative of that. On a Saturday night, no less. So it |
| 5 | 00:02:10,530 --> 00:02:19,530 | kind of tells you what's up, right? You would think they'd be all out there, having a good time on their weekend, waiting to be able to jump on Twitter to |
| 6 | 00:02:19,530 --> 00:02:33,270 | say I'm ready to talk. So anyway, I didn't plan obviously, to do a shark on Saturday. And I guess this is a shark on Saturday, it's just a pm edition of it |
| 7 | 00:02:33,270 --> 00:02:45,270 | hmm. So, you know, while many times these things are therapeutic, and yes, I'm going to talk about trading, and how you can improve on it. Let me get the |
| 8 | 00:02:45,360 --> 00:03:04,500 | monologue out of the way please. Many times I use this medium here to act as therapy. I'm trying to condition myself through doing this. And I don't do very |
| 9 | 00:03:04,500 --> 00:03:20,700 | well, most times in the last two Twitter spaces, I did not do well at all. And that tendency for me to swing and have mood changes and lose control what I want |
| 10 | 00:03:20,700 --> 00:03:31,380 | to really say I don't want to say those types of things. I don't want to do that. And I know some of you may be a lot of you like that part of me, I don't |
| 11 | 00:03:31,380 --> 00:03:43,350 | like that part of me. And I wish I could change it. But it just goes to show all of us have something that we're wrestling with. And I'm just thankful that when |
| 12 | 00:03:43,350 --> 00:03:54,150 | I'm able to look at the charts live and just what I meant earlier, because I think a few of you got it misunderstood when I said when I'm looking at nothing |
| 13 | 00:03:54,150 --> 00:04:07,320 | like right now I don't have live candlesticks painting, my mind's not preoccupied with trying to decipher what it's going to do next. So because you |
| 14 | 00:04:07,320 --> 00:04:18,660 | know, I have an open field in front of me and I can run wild and nothing really holding my attention. That means I'm letting whatever thought first in line and |
| 15 | 00:04:18,660 --> 00:04:27,060 | whoever gets shoved out of the way and the next one jumps in there. That's kind of like what comes out of my mouth. And sometimes if it's a positive thing, you |
| 16 | 00:04:27,240 --> 00:04:42,960 | most of you can find some benefit from that. Unfortunately, the things I try to wrestle with all the time, the near psychotic episode sometimes that bipolarism |
| 17 | 00:04:42,960 --> 00:04:59,250 | brings on that doesn't always come across as the best delivery after the fact. And I don't listen to the user live even Twitter spaces, because I know if I |
| 18 | 00:04:59,250 --> 00:05:10,410 | hear myself To say certain things or react a specific way, I'm going to be shamed because of it, I don't want to feel that. So what I did in the past, and |
| 19 | 00:05:10,410 --> 00:05:27,030 | I'm trying to do is I'm trying to condition myself and fall down in front of you. And hopefully do less of it. Because if I can do this the correct way, if |
| 20 | 00:05:27,030 --> 00:05:37,230 | I'm successful, and I might not be, but I'm trying very, very hard to do this. But it's difficult for me to maintain because I can't hold that. That state of |
| 21 | 00:05:37,260 --> 00:05:51,840 | balance. Sometimes I get wound up and rage kicks in, sometimes, you know, I get a little carried away and excited and have too much fun. And need the fun is |
| 22 | 00:05:51,840 --> 00:06:03,330 | what you like. And it feels good, admittedly, while I'm doing it, but then I feel convicted later on. And I wish I had the ability to talk eloquently all the |
| 23 | 00:06:03,330 --> 00:06:16,290 | time. But I can't. So you have to kind of let me be human, I guess sometimes. And it's not an excuse, because I'm not looking for an excuse. I'm not looking |
| 24 | 00:06:16,290 --> 00:06:32,610 | for anybody to give me permission to act out. But all of us have these things inside of us, not maybe to the extreme that I have. And looking at a list on my |
| 25 | 00:06:33,690 --> 00:06:47,220 | my pad here to try to keep me focused on when I want to talk about not derail. But when you're trading, and you have all of these concerns about making money |
| 26 | 00:06:47,220 --> 00:06:58,020 | or fear of making a losing trade or failure, or living up to your expectations, or what you think the expectations that are held by your family and friends that |
| 27 | 00:06:58,020 --> 00:07:11,400 | know about what you're doing and trading and why you're doing it. It's really difficult for some, and I, once I got over the the fear of getting in, you know, |
| 28 | 00:07:11,400 --> 00:07:21,420 | I was afraid of the entry technique I was afraid of doing the wrong entry, you know, what's the wrong entry. And there isn't any wrong entry. It's just, you |
| 29 | 00:07:21,420 --> 00:07:29,640 | have to engage. And sometimes you're going to have a trade that's beneficial, sometimes you're gonna have a trade it's gonna take from you. And you have to be |
| 30 | 00:07:29,670 --> 00:07:43,500 | indifferent to the outcome. And I had to desensitize myself, which is kind of like what I'm trying to do here. I'm trying to get to the point where I can do |
| 31 | 00:07:43,500 --> 00:07:54,870 | these types of things. And hopefully, it'll carry over in my personal life away from all of you, because I wrestle with this every day. And it's hard. So when |
| 32 | 00:07:54,870 --> 00:08:06,300 | I'm live in looking at candlesticks, I'm preoccupied, I won't let anything else in. My focus is what the next candle is going to be doing. So that's the reason |
| 33 | 00:08:06,300 --> 00:08:16,350 | why you can hear me talking kind of much like what I'm talking about, like right now. But if I don't have something holding my attention, I'm like a kid in a |
| 34 | 00:08:16,350 --> 00:08:28,680 | candy store. I'm going to run around, I'm gonna just be a kid, I guess, you know, 50 year old kid. And I understand and I appreciate all of you trying to |
| 35 | 00:08:28,680 --> 00:08:38,880 | encourage me to just be myself. But this is one of those ugly things in my personality that I've never really liked about me. And I didn't want to share it |
| 36 | 00:08:38,880 --> 00:08:52,260 | with all of you. I've mastered it in my trading. I've wrestled it and held it at bay in my trading, but I've never been able to fully overcome it outside of |
| 37 | 00:08:52,260 --> 00:09:03,510 | trading, and sometimes I have a impulsiveness that comes over me that I can't really bring down to a point where this is where it originates, this is how it |
| 38 | 00:09:03,510 --> 00:09:12,450 | started. This is how he came in. Whereas if you had like an anxiety attack or a panic attack, and if you have never traded with life, money or life funds, |
| 39 | 00:09:12,840 --> 00:09:19,860 | you'll probably have one. Once you start trading on live funds, you'll you'll have an anxiety attack, you'll have a panic attack, you'll, you'll feel heart |
| 40 | 00:09:19,860 --> 00:09:27,240 | palpitations, you're gonna feel like you're having a heart attack, you're gonna feel like you're gonna pass out, you're gonna feel like you're gonna be sick. |
| 41 | 00:09:28,770 --> 00:09:41,310 | It's an overwhelming fear of the world closing in on you. And the reason why that's going to happen is because you're over leveraging, and you probably are |
| 42 | 00:09:42,150 --> 00:09:50,460 | doing that last trade where you just don't really think you care about the outcome. But you're rolling the dice to see if you can get back from that big |
| 43 | 00:09:50,460 --> 00:09:58,440 | drawdown you put yourself into and right before you know the inevitable blow out of that account, because you're doing something impulsively and you're doing |
| 44 | 00:09:58,440 --> 00:10:14,610 | something over leveraged Trading 40 contracts you look smart in front of everyone, and then you fail. And you can't catch your breath. Those types of |
| 45 | 00:10:14,610 --> 00:10:29,100 | things, well, those panic attacks those core events of fear that can obviously be dialed back to okay, this is this is the reason why it happened. This is why |
| 46 | 00:10:29,100 --> 00:10:41,640 | you lost control over yourself, because you're being impulsive about the money. But it bipolar bipolarism isn't like that. Sometimes that can be triggered. |
| 47 | 00:10:41,670 --> 00:10:51,990 | Yeah. But then sometimes I don't know where it comes from and to start. And that's why I don't like to do these things. So I'm just letting you know that |
| 48 | 00:10:51,990 --> 00:11:02,220 | it's very difficult for me to do this. And I appreciate all of you that are encouraging me to do it. I don't want you encouraging me to be wild. That that's |
| 49 | 00:11:02,250 --> 00:11:12,900 | that's not what I want to do. But, and it probably doesn't sound exciting, or mostly boring to all of you now. But I want to get through this year of teaching |
| 50 | 00:11:13,020 --> 00:11:29,220 | and have a lasting impression on you with what I'm trying to communicate, not entertain you. So I titled this one through the looking glass. And the thought |
| 51 | 00:11:29,220 --> 00:11:34,200 | came to me this evening, when I got an email from a student that |
| 52 | 00:11:35,460 --> 00:11:46,830 | obviously has failed. And he wants to more or less put the fault on me. And I just let him know about himself. And basically told them go pound sand. So |
| 53 | 00:11:48,930 --> 00:12:03,870 | there's no way anybody on the outside looking in can argue the fact that what I'm telling you before happens in the marketplace is not rooted in sound logic. |
| 54 | 00:12:04,200 --> 00:12:22,860 | And it's consistent. And it's precise. But there are some that may look at this through the looking glass and see far more than they expected to see. And that's |
| 55 | 00:12:22,860 --> 00:12:35,340 | my audience. See, I like to give things as an expectation. And then I like going beyond that. I like over delivering I like doing those types of things. I like |
| 56 | 00:12:35,340 --> 00:12:44,640 | conditioning you as my audience and my student base to just expect, well, this is going to be good. But then you're floored because I give you even more than |
| 57 | 00:12:44,640 --> 00:12:58,350 | that. And open up the curtain a little bit more, pull back the veil. And you get to see that there's absolutely crazy precision that's predictable, that you can |
| 58 | 00:12:58,380 --> 00:13:03,510 | lean on the logic and do these things on your own. Maybe not so much right now, but you're learning |
| 59 | 00:13:08,760 --> 00:13:23,340 | the topic of submitting to trades intraday. And seeing folks say in the comment section, they can see it as I'm describing it. And they feel empowered by me |
| 60 | 00:13:23,370 --> 00:13:32,340 | explaining beforehand what it has, what happens and what's likely to happen. And that's normal. And that's what I'm trying to condition all of you to feel to |
| 61 | 00:13:32,760 --> 00:13:43,500 | motivate you. Because it would be very unsuccessful in motivating anyone if I wasn't able to tell you what was gonna happen beforehand. Number one, he would |
| 62 | 00:13:43,530 --> 00:13:53,970 | communicate number one a failure, by me to be a communicate something that I know is real, and many of my students for almost seven years now have witnessed |
| 63 | 00:13:53,970 --> 00:14:04,110 | it on a day by day basis. You're all getting that experience right now. And it's not something that just started working. It's been like this for a long, long |
| 64 | 00:14:04,110 --> 00:14:16,500 | time. But you don't appreciate it until you see it. And when you're in the presence of that live commentary where it's being explained to you, this is what |
| 65 | 00:14:16,500 --> 00:14:24,900 | it should do. Watch this here, it should do this, it shouldn't do that. We want to see this. We don't want to see that. It communicates foresight, it |
| 66 | 00:14:24,900 --> 00:14:37,230 | communicates the ability of predicting, forecasting a reasonable outcome that would otherwise be unknown to everyone else. And when you watch that, and you're |
| 67 | 00:14:37,230 --> 00:14:45,090 | experiencing it when I'm doing a live session or sending out the tweets telling you about what the chart is going to show in your computer or device later on. |
| 68 | 00:14:46,590 --> 00:15:00,120 | Once it unfolds and you see it and you were there and you watched it. You saw everything real time through the looking glass. It gives you a sense of all Do |
| 69 | 00:15:00,450 --> 00:15:13,230 | not over me because that's not what this is about. But it gives you a sense of all over the precision, the consistency in the day in and day out delivery of |
| 70 | 00:15:13,230 --> 00:15:32,880 | price, which should give you a reason to not fear not be concerned about them against us, then guys doing it to us guys. Okay? What we're doing is bringing |
| 71 | 00:15:32,880 --> 00:15:49,140 | our collective attention to what those individuals that put these markets in motion. What they're doing, we're getting in alignment with that. You're never |
| 72 | 00:15:49,140 --> 00:16:03,030 | ever ever Mr. Morrow, beating the market maker. You're never beating the market maker. Never. Okay, you will have the privilege to learn from me on how to be in |
| 73 | 00:16:03,030 --> 00:16:20,130 | alignment with that you'll understand the concepts that get you safely in and out of conditions that are likely to hurt other traders. You'll learn how to |
| 74 | 00:16:20,160 --> 00:16:32,910 | navigate drawdown and not be fearful that just because you done something incorrectly, and you will, it does not mean that this stuff doesn't work, or |
| 75 | 00:16:32,910 --> 00:16:44,580 | they're somehow changing things. Because if that's what your mindset is revolving around right now, you're feeling panicked? Oh, no, I better hurry up |
| 76 | 00:16:44,580 --> 00:16:53,430 | and do this, because Michaels talked about how hard it's going to be. And I just want to jump in here and interject this part at a block at the block a guy |
| 77 | 00:16:53,460 --> 00:17:05,580 | earlier today that came back to a discussion that I mentioned in the last Twitter space. And I let myself talk about things that I would never discuss |
| 78 | 00:17:05,610 --> 00:17:18,990 | those topics on YouTube, number one, two, they're not really popular topics. And because they're very, um, I'm already divisive as a person anyway. And trading, |
| 79 | 00:17:18,990 --> 00:17:29,670 | I'm really divisive, which I want to be, I want you to either love what I'm teaching. Or basically you say, Fuck off, I don't care. This guy isn't the right |
| 80 | 00:17:29,670 --> 00:17:38,640 | one for me, and I'm moving on. Whatever. If you don't want to be here, for whatever reason, you need to go. And I don't care. The reason why don't even |
| 81 | 00:17:39,270 --> 00:17:50,190 | don't even wait by to me, Just get the fuck out. Right. But if if you warm up to the ideas that I teach something that resonates with you, and I think everybody |
| 82 | 00:17:50,190 --> 00:17:58,080 | can resonate with being correct. Everyone can resonate with being on the right side of the marketplace, knowing what it's likely to do next. I mean, who can't |
| 83 | 00:17:58,200 --> 00:18:13,920 | warm up to that idea. You can hear when I'm talking about trading, I'm very passionate about it. But I'm not emotionally passionate. Related to control, |
| 84 | 00:18:14,550 --> 00:18:25,620 | euphoric, when I'm talking about price, because I've been here before. I'm not scared, I'm not worried about being wrong. And I pretty much know what's likely |
| 85 | 00:18:25,620 --> 00:18:35,850 | to happen next. And you've seen that and it's, it's not a it's not an issue. But I brought up topics in the last Twitter space that, admittedly, was very |
| 86 | 00:18:35,850 --> 00:18:44,580 | divisive in my own private mentorship. And some of the students actually quit and had a lot to say about me as a person. And some of them still talk about me |
| 87 | 00:18:44,730 --> 00:18:58,170 | in public, because I wasn't subscribing to their viewpoint politically, or had the view about the things that I talked about in that last Twitter space. And |
| 88 | 00:18:58,170 --> 00:19:05,100 | that's fine. I don't care. I mean, you're never gonna have dinner with me. You're not coming over my house, you know, we're not going to be buddies. And |
| 89 | 00:19:05,100 --> 00:19:14,790 | we're not going to have you double dates with our spouses. And at this, we're not going to have card games, okay? This is the extent of our relationship. You |
| 90 | 00:19:14,820 --> 00:19:26,550 | hear me talk to you, I invest my time and energy into you and your life and your ability to learn how to do this. But if I'm asked a lot about certain things, |
| 91 | 00:19:27,690 --> 00:19:37,170 | and I've kept myself away from it, eventually it wears on me. And if I'm in a setting like this, something will trigger me. And I'll just start talking about |
| 92 | 00:19:37,170 --> 00:19:46,650 | the things it's fighting to get in front of my mind. And vaccines, I'm sure is one of those topics that some of you may be listening that you just love to go |
| 93 | 00:19:46,650 --> 00:19:57,270 | to war about. You want to defend it, or you want to go against it. I was literally just telling everybody, this was my position on it. This is why and |
| 94 | 00:19:57,270 --> 00:20:06,660 | I'm not asking for people to debate me in the asking for people to agree with me. But when I talk about those topics, I'm telling you why I'm inspired to be |
| 95 | 00:20:06,660 --> 00:20:17,340 | doing all of this for fucking free. Like I'm pouring into you, my time, I have better things to be doing, than sitting here talking to people that I'm never |
| 96 | 00:20:17,340 --> 00:20:26,940 | going to meet, and listening to people bitch about how I'm doing it. Like I don't, I don't want to hear that. Like, I'm doing this because I want to do it |
| 97 | 00:20:26,940 --> 00:20:35,550 | because I know how hard it's gonna be. But then when I read folks saying that I'm trying to cultivate fear, I'm trying to teach you not to be fearful, |
| 98 | 00:20:35,550 --> 00:20:46,260 | fearful. That's a whole that's the whole point of me doing this. When I teach about trading, I'm teaching you how to never be fearful. Respect the risk, yes. |
| 99 | 00:20:47,430 --> 00:20:55,890 | But not be fearful of it. If you're fearful if you're paralyzed by the fear, or the uncertainty, whether it be about the things it's coming, which you aren't |
| 100 | 00:20:55,890 --> 00:21:07,830 | going to be able to stop that. I can't stop it. Did you hear me say, I'm gonna lose my mind scared? No, I'm concerned. Yes, who wouldn't be, but you can't walk |
| 101 | 00:21:07,830 --> 00:21:17,310 | around in denial, thinking like the last three years didn't happen. Because there's more things coming. And you need to make your house ready. So I'm trying |
| 102 | 00:21:17,310 --> 00:21:28,650 | to give you a skill to help you do that. I'm not trying to scare any of you. But some of you that are very weak. And I was a weak man after 911. When that |
| 103 | 00:21:28,650 --> 00:21:39,120 | happened, I was paralyzed by fear. And I lived with it for a number of years, until I was able to defeat that I am not a person that has anxiety. I'm not |
| 104 | 00:21:39,120 --> 00:21:45,480 | fearful what these fuckers on the internet talk about. I don't give a shit about your bullshit lawsuit. I don't give a shit about what you think you could do in |
| 105 | 00:21:45,480 --> 00:21:53,070 | a trading competition. I ain't seen it by on that leaderboard, I recognized Yeah. I'm not worried about that stuff. That does not bother me. What pisses me |
| 106 | 00:21:53,070 --> 00:22:10,410 | off is, well, what I just did there. I don't, I don't like that part of me. And the other part is, I wish that I could not give a fuck about people copying. If |
| 107 | 00:22:10,410 --> 00:22:19,020 | I go out there and do what I know I can do when I want it. What I want to do is lay waste to every motherfucker out there right now. And that's what I want to |
| 108 | 00:22:19,020 --> 00:22:33,270 | do. That's what I want to do. But I know, just like you see it seep out in these live streams. That same 20 year old ego is dying to come out. It's dying to come |
| 109 | 00:22:33,270 --> 00:22:41,160 | out. And I'm wrestling with that. And I feel like I'm being tested that night. That's what I really feel like I'm being tested. And the last two, I've failed. |
| 110 | 00:22:41,940 --> 00:22:52,200 | The last two live streams, or Twitter spaces have failed. I don't ever get like that when I'm trading. I don't ever, ever let myself get fucking stupid like |
| 111 | 00:22:52,200 --> 00:22:56,460 | that and go off the rails and just know, psychotic. |
| 112 | 00:22:57,720 --> 00:23:09,120 | Now, when I'm done releasing all that stuff, I feel balanced. Once it wants to Twitter space ends, I feel balanced. And then I feel convicted. I feel I've |
| 113 | 00:23:09,120 --> 00:23:17,850 | shouldn't have done that. And then I feel regret. And I feel ashamed and embarrassed. And I feel like I am not a good role model for some of you, |
| 114 | 00:23:17,910 --> 00:23:28,170 | especially the young men who may listen who may listen to me and think, Well, he does that and talks like that. And that sounds empowering. That sounds alpha, |
| 115 | 00:23:28,590 --> 00:23:39,480 | it's weak. It's what it is, it's weak. And I wish it didn't do that. But I'm thankful that you all recognize that I'm not in any way shape, or form |
| 116 | 00:23:39,510 --> 00:23:52,560 | emotional, good or bad when I'm talking to you about what price is doing. Which is why I've done so well in it. Because it's like meditation is allowing me when |
| 117 | 00:23:52,560 --> 00:24:08,580 | I do it, to look through a looking glass and focus on one thing. And because I am serious about the outcome of my precision, it allows me to arm wrestle and |
| 118 | 00:24:08,580 --> 00:24:17,190 | subdue all of the other thoughts that are constantly trying to get in the forefront of my mind. distracting me, causing me to doubt this, get angry about |
| 119 | 00:24:17,190 --> 00:24:28,320 | that worry about this worry about that kid's wife wanting me to do this, you know everything that everybody else has to contend with. When you're bipolar, it |
| 120 | 00:24:28,410 --> 00:24:36,150 | tends to become a bigger deal than it really is. And you make it more than it really is. And you don't want to but it's just what happens. But when I'm |
| 121 | 00:24:36,150 --> 00:24:50,580 | watching price, and I'm expecting a setup, or I'm stalking a setup or now because I'm tape reading with all of you. I feel balanced. Like I feel like I'm |
| 122 | 00:24:50,580 --> 00:25:02,880 | absolutely laser guided and I don't feel that tug of war that I feel any other time. Which is why you see me always Talking about this, you asked many times, |
| 123 | 00:25:02,940 --> 00:25:14,460 | when do I sleep sporadically and for hours, and it's using whenever I get whatever I want to get done, I don't have a set schedule asleep, like I don't |
| 124 | 00:25:14,460 --> 00:25:23,730 | have that. And it's, it sounds insane. And I guess to the average person, that would be insane. Because everybody has a bedtime everybody gets up at this time, |
| 125 | 00:25:23,760 --> 00:25:37,230 | I don't. And sometimes I don't go to sleep for a day or two. And maybe that's viewed in your eyes is unhealthy. It's just what I have done for years. It's |
| 126 | 00:25:37,230 --> 00:25:54,840 | sometimes insomnia. And then other days, it's just I don't have any end the energy, it just goes and goes and goes and goes, goes. So with these sessions, |
| 127 | 00:25:54,840 --> 00:26:04,860 | where I don't have a filter, I have to work very hard to try to stay focused on what it is I want to cover. But I don't want any of you to listen to those last |
| 128 | 00:26:04,860 --> 00:26:17,370 | two spaces. And think I'm trying to scare any of you because I'm not, I'm not trying to fear monger, I I'm providing a way for you to prepare, at least that's |
| 129 | 00:26:17,370 --> 00:26:28,410 | what my motivation is. And again, I'm reminding you that I don't get paid at all doing these. There's no monetization, and I'm inviting all of you to take them |
| 130 | 00:26:28,410 --> 00:26:40,890 | and put them on your YouTube channels and get ad revenue, I don't give a flying fuck, I don't care, I don't care. So I use these to decompress. And they're not |
| 131 | 00:26:40,890 --> 00:26:51,750 | going to be eloquent, sometimes they're not going to be, you know, children friendly, you should absolutely never have these playing with children around. |
| 132 | 00:26:52,290 --> 00:27:00,480 | Because you don't know what I'm going to say you don't know, when I'm going to have a shift in my mood may not be like I can feel it winding up in me, like |
| 133 | 00:27:00,480 --> 00:27:16,710 | it's there. But I don't, I don't want to be uncivilized. Let's I guess that's the word I'm looking for. I don't want to be in a position where the father or |
| 134 | 00:27:16,710 --> 00:27:27,840 | the mother or the couple that are listening to this expecting the same inner circle trader that's on YouTube, boring, drying, dry, mundane. Delivery of okay, |
| 135 | 00:27:28,110 --> 00:27:39,720 | I put people to sleep over there. And I'm standing, but here that I don't have the the safety net, like I do when I do recorded sessions where I can edit out |
| 136 | 00:27:39,720 --> 00:27:53,520 | those things. And I might go off and start talking about things that are not so family friendly, and use language that, you know, if I was in better control of |
| 137 | 00:27:53,520 --> 00:28:03,060 | myself, I wouldn't reach for. So for those individuals that do have children, and it made the mistake of trusting me in these instances, and having that in |
| 138 | 00:28:03,060 --> 00:28:11,670 | your mind, as this is how I'm going to talk and then you hear that, you know, I apologize for that. But I can't It's not like I come here I'm not wanting to do |
| 139 | 00:28:11,670 --> 00:28:27,030 | that. So anyway, monologues over. So when we're looking at price action, and you've probably seen enough of it over the last couple of weeks now there's a |
| 140 | 00:28:27,030 --> 00:28:39,000 | lot of different approaches that trading can give you for a model approach, what style trade you're gonna be, you're gonna be a day trader, you're gonna be a |
| 141 | 00:28:39,000 --> 00:28:45,960 | scalper Are you going to trade the entire daily range? Give me a short term trade, you're gonna hold overnight, or over the weekend, you're gonna be a swing |
| 142 | 00:28:45,960 --> 00:28:55,650 | trader and hope for a couple of weeks, which right now, that would be extremely ballsy like that, I mean, there's a lot of gap risk, you have no idea what's |
| 143 | 00:28:55,650 --> 00:29:07,230 | going to cause, you know, an extreme gap. We might have an extreme gap on Sunday tomorrow. Like we may see it open up, way, way, way, way far away from where we |
| 144 | 00:29:07,230 --> 00:29:22,170 | close on Friday. Why? Well, we got that big liquidity pool resting below that daily love talked about in Eurodollar. We have the liquidity pool above, there's |
| 145 | 00:29:22,170 --> 00:29:32,940 | relative equal highs and that volume imbalance on a daily chart for dollar. So they could start the week, right up there. And then that makes the rest of the |
| 146 | 00:29:32,940 --> 00:29:44,130 | week a little bit more challenging, because it could open up there for dollar and then trade back down to where we closed on Friday, consolidate around a |
| 147 | 00:29:44,130 --> 00:29:53,340 | little bit and then it has to wrestle and go back up through that again, to continue higher if it's where it's gonna go. So, what I do on the weekends and |
| 148 | 00:29:53,340 --> 00:30:04,350 | what's this is what I've been doing now since 2020 is I'm basically watching the head deadlines and seeing what's what's happening around the world. Now, I'm not |
| 149 | 00:30:04,350 --> 00:30:16,590 | sitting there, you know, in my boxer shorts here on code, unpaid, unshaven, I guess emoji but it's it's grown for a reason. But you know not not looking like |
| 150 | 00:30:17,040 --> 00:30:25,800 | I'm strung out on anything you know, I'm not flipping out watching all the the news and panicking. I'm literally just going through headlines and articles and |
| 151 | 00:30:25,800 --> 00:30:37,680 | trying to stay abreast of what they're doing around the world and what you might be an issue come Sunday's opening throughout the week, obviously I spend a lot |
| 152 | 00:30:37,680 --> 00:30:53,520 | of time with all of you. And when we look at charts, daily, it's my hope that you're learning to see how these things come to fruition. The organization of |
| 153 | 00:30:53,640 --> 00:31:04,020 | how they form in price action, when I call something out on Twitter, in tweet saying, Okay, look at this, look at that. You can the real students can hear me |
| 154 | 00:31:04,020 --> 00:31:13,140 | say when I'm really expecting the price run in a specific direction, where I think it's gonna go that type of thing. And they're the ones I'm trading. |
| 155 | 00:31:13,410 --> 00:31:22,590 | They're the ones you see examples later on. And it's not ambiguous. It's very specific. We're not calling buys and sells every single time I mentioned |
| 156 | 00:31:22,590 --> 00:31:34,290 | something, but I'm bringing your attention to a specific PD array. If I talk about a fair value got most of the time. When you hear me mentioned Faraday, you |
| 157 | 00:31:34,290 --> 00:31:42,330 | got a new student that's never really spent the last few weeks with me. They'll think, Okay, well, he thinks it's a bike because right now we're above it. That |
| 158 | 00:31:42,330 --> 00:31:53,460 | doesn't mean what I'm saying that at all, I'm saying that that's why we're watching that next. And if it can go through that I may be bearish. I'm building |
| 159 | 00:31:53,460 --> 00:32:01,590 | the idea that I'm thinking the markets likely to go lower longer term, and I'm going to watch that fair value go, that will be below price, what would that be |
| 160 | 00:32:01,620 --> 00:32:07,890 | indicative of? I want to see it lose ground, I don't want to see it respected at all. |
| 161 | 00:32:09,240 --> 00:32:17,850 | So that's the difference with some new Joker that's literally trying to find something to talk about, because he can't fucking make money in Texas, or |
| 162 | 00:32:18,510 --> 00:32:26,820 | someone looking at these things and saying, Okay, what is he taking my attention to for because he's looking at this fair value gap. But he's also talking about |
| 163 | 00:32:26,820 --> 00:32:37,860 | how it can go down to a specific level. So it would seem confusing to a new trader, or new student or new observer. But it's not to someone that's been |
| 164 | 00:32:37,890 --> 00:32:46,140 | watching me, if you've been in the live sessions, also on YouTube, you can see how I talk about how I want to see it, go through this fair value guy, and then |
| 165 | 00:32:46,140 --> 00:32:57,930 | come back down into an act as what support if I'm bullish, I want to see certain things unfold. That is narrative, that cannot be taught, at least I can't, I |
| 166 | 00:32:57,930 --> 00:33:08,580 | don't know how to teach it in a book. Like, I don't know how to write a chapter, I don't know how to send a bunch of tweets. I can't tell you audibly like this. |
| 167 | 00:33:09,240 --> 00:33:19,020 | Like, you got to watch me do it. That's the only way I can describe it. And I might not be successful this year. That's what I'm afraid. So that's why I said, |
| 168 | 00:33:19,080 --> 00:33:30,810 | you know, if you have any faith, pray for me to be successful. And it's because I'm trying very hard to find a way to reach as many of you as I can, because I |
| 169 | 00:33:30,810 --> 00:33:44,700 | know, I know that there will be some that I won't reach. And it's not for a lack of trying, because I'm fucking drawing. But it's very difficult for me to |
| 170 | 00:33:44,730 --> 00:33:57,120 | explain something that needs to be viewed real time watching it happen, and explaining why this is the case. Which is why most of the people out there that |
| 171 | 00:33:57,120 --> 00:34:05,460 | have tried to take my content, and make their own little mentorships and shit. That's why they won't ever do what I'm doing. And Dave, I see your tweet saying |
| 172 | 00:34:05,460 --> 00:34:13,320 | that you do more than me and you know that business. I would love to see you live stream this this week. But don't put all that stuff on your charts. Keep |
| 173 | 00:34:13,320 --> 00:34:19,530 | your charts clean, and I'll be able to watch it. I can't watch it when it's all that scribble stuff on here. No disrespect. But you're talking a lot of stuff |
| 174 | 00:34:19,530 --> 00:34:27,570 | right now. And now I want to see you do it. So Dave teaches FX I think it's what's your, your Twitter spaces or something or maybe it's your YouTube |
| 175 | 00:34:27,570 --> 00:34:36,480 | channel. Now, everybody knows about you. And I'll be watching your live stream this week. So entertain me, I want to see what you're doing. If it's |
| 176 | 00:34:36,480 --> 00:34:43,740 | foolishness, I'm not going to watch it. Okay. I'm not going to be there to troll you. But I think I know what you're trying to do. So now you got my attention. |
| 177 | 00:34:43,800 --> 00:34:54,780 | Show me what you're doing. Okay. But there's a lot of people out there that have tried to try to teach what it is that I do. And they're not doing that right at |
| 178 | 00:34:54,780 --> 00:35:06,660 | all. They're not. It's just like order blocks and that is a topic that I've guarded. Because it's something that I know once you fully understand it, you'll |
| 179 | 00:35:06,660 --> 00:35:15,510 | know exactly what you're doing. Not that you need that specific concept because you don't, because I've not been talking a lot about OtterBox. Lately, it's just |
| 180 | 00:35:15,510 --> 00:35:34,920 | been primarily what? Fair Value apps. So when we see these things live, and you watch me over the shoulder explaining certain things. It's more practical. |
| 181 | 00:35:36,150 --> 00:35:45,900 | Because there's no way for me to be able to tell you. What many of you ask a lot is, How do you know, you know, which one is going to form today? That's the |
| 182 | 00:35:45,900 --> 00:35:52,290 | uncertainty like you see these people out there? They'll say, oh, yeah, it says he knows about the algorithm. But he doesn't know this right? At this moment. |
| 183 | 00:35:52,350 --> 00:36:01,830 | You're right, I don't know where they're gonna open the price up on Sunday. Nobody knows that. And I have to eventually sleep sometimes. So I'm going to |
| 184 | 00:36:01,830 --> 00:36:10,080 | miss moves, that's what I said, you're going to miss moves to, you can't be in every swing. And that's taking things cherry picking out of what I say, and out |
| 185 | 00:36:10,080 --> 00:36:22,110 | of context, to make your bullshit narratives. When you want to troll when you want to hate, which is silly, it's your comedy to me. But when we watch price, I |
| 186 | 00:36:22,110 --> 00:36:32,790 | don't know, I do not know, if there's going to be a fair value get within a specific range yet, I don't know that, I have to wait to see if they're going to |
| 187 | 00:36:33,300 --> 00:36:44,550 | book it that way. If it's going to run off and leave it. I don't know if there's going to be a breaker. I don't know that. It might be just the one passed down |
| 188 | 00:36:44,550 --> 00:36:57,150 | and straight up. And no opportunity for a breaker to form. Those are the things that I don't know, I don't know that. Those things, I have to wait for it just |
| 189 | 00:36:57,150 --> 00:37:08,430 | like you have to wait for. But you're learning which is the parts I did say in my lectures and on teachings. that not every PD array is going to form, just |
| 190 | 00:37:08,430 --> 00:37:18,060 | because I've outlined in a matrix saying this is the normal order of everything. You've also been introduced to other PD arrays. Like the new week opening gap, |
| 191 | 00:37:18,570 --> 00:37:34,320 | New Day opening gap, implied fair value gap, fair value gap in that implied there that you got can occur anywhere. And you just have to observe it when it's |
| 192 | 00:37:34,320 --> 00:37:44,550 | there. And unfortunately, some of you are already trying to talk about it and point to it and they're not there in your examples. And that's unfortunate, |
| 193 | 00:37:44,550 --> 00:37:53,160 | because you many times have a YouTube channel or you have a following on social media. And because you use the new tenten a new name and term that I've |
| 194 | 00:37:53,250 --> 00:38:03,600 | introduced every one of you. They get excited like, oh, yeah, I see it. And I understand it too. It's, it's many times like watching the guy do a magic trick. |
| 195 | 00:38:03,750 --> 00:38:11,850 | And the guy thinks he knows how to do it. And then he tries it and he fails. And then he's angry that you didn't give him enough time to do it, right. I mean, |
| 196 | 00:38:12,390 --> 00:38:23,160 | it's very, it's very difficult managing all of these personalities. And I've opened up a Pandora's Box. By having all of you like, literally, you where you |
| 197 | 00:38:23,160 --> 00:38:33,690 | can reach to me on Twitter, like nobody, nobody can hide your comment. Anyone that sends anything to me, they can see that. I just choose not to listen to |
| 198 | 00:38:33,690 --> 00:38:42,210 | animals. But the biggest trolls none of my biggest trolls are blocked. They're not. They will lie to you and say they are but they're not. And if they say I'm |
| 199 | 00:38:42,210 --> 00:38:50,520 | blocked, they need to log into Twitter and look at my profile right there. And so the 255 250,000 followers and share that they're blocked because they're not. |
| 200 | 00:38:51,900 --> 00:39:04,680 | So when we have opportunities to see things live in the live streams, and when I don't want to do it. Here's kind of like where I'm getting that. And this is |
| 201 | 00:39:04,680 --> 00:39:16,590 | what I was doing, I think one day this week where I said I wanted to do something, I was really wrestling with my mood swings. And I was like I can't |
| 202 | 00:39:16,620 --> 00:39:28,050 | there's no way I was going to be able to conduct myself in a manner where it would have been good. I'm not going to be on I will not go on YouTube livestream |
| 203 | 00:39:28,950 --> 00:39:40,440 | and be like I am here. And I knew looking at price even that day because I was angry about one one of my sons. He has a girlfriend that we don't think is |
| 204 | 00:39:42,660 --> 00:39:52,230 | healthy for them right now. They're too young. And there's too much drama with it. So my wife and I had a discussion, and I'm very opinionated about it. I |
| 205 | 00:39:52,230 --> 00:40:05,040 | don't want certain things to be done and she's coming around to my way of seeing things today but that day I just I couldn't I couldn't bring myself to be in a |
| 206 | 00:40:05,040 --> 00:40:13,200 | live setting with all of you because I was angry, I was very angry, and there was no way for me to really focus. Even looking at price, it would have been |
| 207 | 00:40:13,200 --> 00:40:22,800 | difficult for me to the keep my focus on that. So I just went to Twitter and said, Okay, here's what I see right now, here's what I see right now. And you |
| 208 | 00:40:22,800 --> 00:40:29,490 | probably already saw that there wasn't a whole lot of it, but the things I shared was dialed in enough for you all to see that it's still working, and it's |
| 209 | 00:40:29,490 --> 00:40:29,790 | fine. |
| 210 | 00:40:34,890 --> 00:40:48,960 | The idea of these funded accounts in the five handle moves and such. I see a lot of you are getting confident with that now, and I appreciate your willingness to |
| 211 | 00:40:48,960 --> 00:40:59,130 | share your observations and such. And I love the fact that I made this much money with this trade, ICT has turned down. I appreciate all of you helping me |
| 212 | 00:40:59,130 --> 00:41:12,120 | in that regard, because it creates an emotionally charged endeavor here where I'm loving what I'm doing. But I don't want anybody to get hurt. And if you're |
| 213 | 00:41:12,120 --> 00:41:23,370 | pushing the button, and you're trying to impress me, you're not impressing me. Even if you make a lot of money. I'm going to be angry. Like I'm if if someone's |
| 214 | 00:41:23,370 --> 00:41:30,750 | been trading for a while before I started this mentorship, you know, in some of you obviously have, and you know, you're doing okay, that's one thing, but |
| 215 | 00:41:30,780 --> 00:41:41,670 | anyone that just started training with me this year, and you're trying to do what I'm teaching in a funded account or a Live account, please don't tell me |
| 216 | 00:41:41,670 --> 00:41:50,610 | about it. I don't want to know, okay, because every time someone tells me they're making money, my first question is, how long you've been doing it? |
| 217 | 00:41:51,630 --> 00:41:58,320 | Because if it's something he just did it your first time, then okay, I understand where you're going with it. And I understand your excitement. But if |
| 218 | 00:41:58,320 --> 00:42:07,320 | it's something you've been doing for a while, and you're able to land that, then okay, yeah. I like that. I'll appreciate it. And I can hifi that. Yeah, but I |
| 219 | 00:42:07,320 --> 00:42:16,650 | don't know how much time you've invested in this. And I don't want to, to inspire you to want to be doing that when you don't know how to trade yet. |
| 220 | 00:42:17,790 --> 00:42:24,930 | Because the whole point of me doing this mentorship with you all this year is to teach you number one, how to read price. When I was doing my mentorship that was |
| 221 | 00:42:24,930 --> 00:42:35,850 | paid for, it was all about watching price. Don't pressure demo account, don't do this, don't do that. Because the outcome is then emotional. And now we're |
| 222 | 00:42:35,850 --> 00:42:43,860 | looking through that looking glass at these candlesticks with an expectation of I have to be right, because now I have money behind it. Because if I'm wrong, |
| 223 | 00:42:43,890 --> 00:42:59,640 | I'm losing money. You see the difference there, it's, it's really hard to to justify how that isn't the best advice, like it's it is the best advice. But it |
| 224 | 00:42:59,640 --> 00:43:06,660 | doesn't feel like the best advice when you have something to sell. And you want people to come to your bullshit and try to buy it, whether it be a mentorship or |
| 225 | 00:43:06,660 --> 00:43:18,540 | some horseshit, you know, the pseudo algo box bullshit, because that ain't letting algorithmic that's retail stuff. And when you have these competitions |
| 226 | 00:43:18,540 --> 00:43:31,140 | for everyone's attention, and you're trying to inspire them to go out there and trade. Unfortunately, I know enough to know that the average person doesn't have |
| 227 | 00:43:31,140 --> 00:43:44,010 | the mental faculties to do this. Let alone be doing it quickly and successfully. Regardless of what medium or approach to trading even mine, which I think is |
| 228 | 00:43:44,010 --> 00:43:50,940 | superior to every fucking thing. Like I'm, I'm giving you the marketplace. I'm telling you, I'm showing it to you. I'm proving it to you now and I'm I'm |
| 229 | 00:43:50,940 --> 00:44:05,610 | fucking out there doing it. Dave, we'll see this week only. The the worst thing you can do is be inspired by me or anyone else to go out there and try to trade |
| 230 | 00:44:07,080 --> 00:44:13,440 | and feel like you're ready. Because the same people that tell you to do that they're falling on their face when they try to do it right in front of you in |
| 231 | 00:44:13,440 --> 00:44:26,280 | their live streams. Or they won't ever do it. They won't ever step out there and tell you what they think real time every fucking day. Because they know they |
| 232 | 00:44:26,280 --> 00:44:38,850 | will fail. And they'll pull some comedy show that try to cover it up. No, there's no emotion. There's no emotion. It's, this is what it is. Mark is going |
| 233 | 00:44:38,850 --> 00:44:47,160 | to do this or the market is going to do that. If you don't know you say you don't know. But you better not say I don't know every day. Because then guess |
| 234 | 00:44:47,160 --> 00:44:59,280 | what? You don't know. And there's a lot of people that are upset right now. Because your attention is being placed with what I'm sharing and what you're |
| 235 | 00:44:59,280 --> 00:45:09,030 | doing right now. You're listening to me talk about something to them, you shouldn't be listening to this, you should be listening to them. Because they're |
| 236 | 00:45:09,030 --> 00:45:18,270 | showing you something that has a price tag on it, I have nothing that with a price tag on it, I have the truth. I'm showing it to you and proven it to you. |
| 237 | 00:45:19,260 --> 00:45:28,410 | So when you look at me and what I'm sharing, you're looking through that looking glass, and you should be seeing fucking proof evidence. |
| 238 | 00:45:34,050 --> 00:45:50,910 | There's a lot of YouTubers out there that I hope I can help. And I'm not asking any of you to represent me, not even to advertise for me, nothing. I'm not |
| 239 | 00:45:50,910 --> 00:46:04,800 | looking for that. I'm not looking for that at all. But there are a great number of you that genuinely do not know what the hell you're doing. And some of them |
| 240 | 00:46:04,830 --> 00:46:13,050 | are very entertaining, crashing and burning. And you know who you are Texas, Pete. But there's other ones that are very sincere out there, that they are |
| 241 | 00:46:13,500 --> 00:46:26,370 | cordial to their audience. They're very respectful, Mom new, modest. And they just aren't doing very well. They're not really doing well. And, like, I want to |
| 242 | 00:46:26,370 --> 00:46:35,310 | save them. Okay, I got this white knight complex. And some of you men don't know what this feels like. The I the same thing with my first wife. She had a lot of |
| 243 | 00:46:35,310 --> 00:46:43,890 | issues. And I wanted to be the knight in shining armor. I wanted to help her. I wanted to save her from her issue. And that's pretty much at the core of my |
| 244 | 00:46:43,890 --> 00:46:55,620 | heart, why I teach the way I do. I am sympathetic to all of you because I know exactly how all of you feel. You feel like you're alone, you feel like you need |
| 245 | 00:46:55,620 --> 00:47:00,960 | support and who the hell you're going to get the support from your friends and family don't know anything about this shit. And they don't believe that it can |
| 246 | 00:47:00,960 --> 00:47:11,250 | be possible. And it's not the same thing. Just reading other people's tweets and reading other people's social media stuff. Or listening to people with their |
| 247 | 00:47:11,280 --> 00:47:22,020 | sports cars, and their vacations and shit. But they're not showing you them executing trades. Here's a trade I took. Memory, you're looking through that |
| 248 | 00:47:22,020 --> 00:47:35,730 | Looking Glass. What are you seeing when you look around me included? Through that Lookingglass Are you seeing a reason to invest your time in whatever it is |
| 249 | 00:47:35,730 --> 00:47:49,470 | that you're looking at, or in this case listening to. Because if it is not capturing you, overtaking you, and subduing you and holding you and your |
| 250 | 00:47:49,470 --> 00:48:04,770 | attention, because you see obvious signs of professionalism, precision logic that makes perfect sense. That is explained before it happens. Not ambiguous, |
| 251 | 00:48:04,770 --> 00:48:13,470 | not 5050. Now it might do this, it might do that, which is what everybody that doesn't like me will say, but they're leaving out the parts where I say, but |
| 252 | 00:48:13,470 --> 00:48:20,940 | this is what I want to have happen. This is what I'm looking for. I'm waiting for this. This is my setup, this is my trade. If I'm wrong, this is what it's |
| 253 | 00:48:20,940 --> 00:48:30,180 | going to do. And I won't be I won't be in the trade, I won't, I won't be hurt by it. Because I'm looking for this trade to unfold. That's what you want to learn |
| 254 | 00:48:30,180 --> 00:48:42,900 | from a person that can obviously outline what makes this work. How will you fail? How can I do certain steps to avoid failing? Avoiding entirely is |
| 255 | 00:48:42,900 --> 00:48:55,110 | impossible. But much like when you're in flight school, and you're trying to learn how to fly. What's one of the things they put you through as a pilot, you |
| 256 | 00:48:55,110 --> 00:49:12,150 | ever think about that? They take you up there. And they tell you to turn the fucking engine off. While you're in the fucking air. Like what? Are you kidding |
| 257 | 00:49:12,150 --> 00:49:22,410 | me? But hey, they got to teach you how to do what a controlled landing you might take off. It might be beautiful. You're up here in the sky. You're sailing |
| 258 | 00:49:22,410 --> 00:49:29,040 | around, looking down thinking this is great. And then your instructor says, Oh, by the way, today's the day where we tell you to turn the fucking engine off. |
| 259 | 00:49:29,700 --> 00:49:39,450 | Figure it out. And I'm sure that there's a great deal of anxiety when it happens. I'm sure that you know everyone that thinks that they're gonna be ready |
| 260 | 00:49:39,450 --> 00:49:46,320 | for that moment because everyone that goes into flight school knows that that's coming. And maybe they don't have it announced. I'm trying to be funny, |
| 261 | 00:49:46,320 --> 00:50:02,790 | obviously because I'm not a pilot. But I couldn't do that. I honestly I know. I know. I'd flip out. There's no way there's first of all I could not have the the |
| 262 | 00:50:02,790 --> 00:50:11,910 | focus, you wouldn't want me. You wouldn't want ratchet ICT fine your ass anywhere in an airplane, because we're probably going to get down real fast and |
| 263 | 00:50:11,910 --> 00:50:28,920 | not to down you want to get down with and so. So then imagine that same thing occurring in trading. That's what's happening when you get out there with life |
| 264 | 00:50:28,920 --> 00:50:35,670 | funds, live money, listening to people that tell you to get there and trade sooner than you should, when they themselves can't prove that they're doing it |
| 265 | 00:50:35,670 --> 00:50:50,310 | right either. And you can't build your faith in anyone based on here's a trade I took. Here's our trade I took approach to selling something is the worst |
| 266 | 00:50:50,310 --> 00:50:58,590 | possible thing in the world. But unfortunately, in this industry, looking through the looking glass, you're gonna look for what you want to see, |
| 267 | 00:50:59,220 --> 00:51:10,140 | especially if you're really new. And what I try to do is the number one responsible as a mentor, I'm not trying to take anyone down the primrose lane. |
| 268 | 00:51:11,010 --> 00:51:19,800 | And if I was a fucking fraud and a failure at doing this, you would have seen it by now, you absolutely would have seen it by now, my calls would have been |
| 269 | 00:51:19,800 --> 00:51:28,230 | failing miserably, they would not be going exactly where I said is gonna go when I said it was gonna go there. So I'm a little bit different. I'm cut from a |
| 270 | 00:51:28,230 --> 00:51:38,790 | different cloth to everybody else. And that's fine. That's exactly how I want it to be. I'm not going to teach everything that makes me who I am. I'm not |
| 271 | 00:51:38,790 --> 00:51:47,850 | obligated to do that. But I can teach the rest of my life. And that's fine. That's great. I'm keeping my promise. But I did not. I didn't accept this |
| 272 | 00:51:47,850 --> 00:51:58,710 | responsibility under the guise that I have to what? teach everything I know, because I can't. But what I've already taught, if I stopped right now, you are |
| 273 | 00:51:58,710 --> 00:52:15,420 | light years ahead of every fucking Mickey Mouse bullshit that's out there. You literally have you have an unbelievable arsenal. But much like when you first |
| 274 | 00:52:15,420 --> 00:52:27,030 | handled a firearm, here we are, we're talking about topics. I'm like that. Look past that, okay? You never handled an AR 15 never broke it down, never cleaned |
| 275 | 00:52:27,030 --> 00:52:37,170 | it never did any of that stuff. Well, until you do it, you don't know, right. And that's what this is like, you have to be conditioned, you have to be |
| 276 | 00:52:37,170 --> 00:52:49,260 | trained. And then after a while it becomes second nature, you just know, you know. And maybe some of you are going to have to take a little bit more time |
| 277 | 00:52:49,260 --> 00:52:57,930 | than just this year. And guess what, that's absolutely acceptable. It's acceptable. And you have to give yourself permission. Because if you wrestle |
| 278 | 00:52:57,930 --> 00:53:05,880 | with that are fearful. What if I don't learn because I've told you there's a deadline to meet doing this everyday live streaming stuff. Obviously, you've |
| 279 | 00:53:05,880 --> 00:53:14,040 | seen this week, it wasn't everyday wasn't. I tried to prepare yourself because there's sometimes my personal life may take precedence. Remember, I'm not |
| 280 | 00:53:14,070 --> 00:53:30,300 | obligated do this. But you're going to find that if you're pressing yourself into a time delivery of you being successful, when you do that, and when you do |
| 281 | 00:53:30,300 --> 00:53:45,480 | this with everything that you try to rush through, like, like weight loss, or gaining muscle, or trying to get flexible. Whatever it is, you can't force a |
| 282 | 00:53:45,480 --> 00:53:53,430 | timeline, deadline, this is when it's going to have to be you don't know, you don't know when you're going to hit that weight goal. You don't know when you're |
| 283 | 00:53:53,430 --> 00:54:03,360 | gonna get that benchpress goal. You don't know when you're going to get that threshold of crossing over. In your experience where you know, you can trade |
| 284 | 00:54:03,360 --> 00:54:14,880 | live funds, none of you can time that none of you can do that. None of you. Why? Because you have no idea with the variable rate of understanding is going to be |
| 285 | 00:54:14,880 --> 00:54:28,890 | for you. It's all unique to you. You can't say learn it in 40 days and learn in 120 days learn it in six months, one week workshop. It that's nonsense. That's |
| 286 | 00:54:28,890 --> 00:54:36,210 | absolute nonsense. You can't do those things and expect the outcome to be universally the same. Absolutely not. And it's not even going to be in the |
| 287 | 00:54:36,210 --> 00:54:44,970 | majority. That's why these people that market that kind of stuff. They fail. That's why they're failing. And they don't like what they're seeing with me |
| 288 | 00:54:44,970 --> 00:54:53,430 | because they see me teaching what a demo. They see people going out what I'm teaching with the demo. They're going out there and making six figures with real |
| 289 | 00:54:53,430 --> 00:55:05,730 | money and being interviewed by companies that paid them that money that's hurting their ass. They're out assholes are chapped. And I love that. There's |
| 290 | 00:55:05,730 --> 00:55:12,150 | nothing you can do about that. You can't argue it. You can't wrestle with it. I mean, yes, you can wrestle with it, but you're gonna lose. |
| 291 | 00:55:15,210 --> 00:55:22,980 | And all of you that are paying attention and look around, you're seeing folks do that. And I had an inbox for shit like that new. And you're all going to see |
| 292 | 00:55:22,980 --> 00:55:32,010 | their faces. And I'm going to do my best to have a outline the same questions I'm going to ask, I'm going to let each person know what they are. So that way, |
| 293 | 00:55:32,010 --> 00:55:37,890 | they're not put on the spot, they can talk freely, they have already collected their thoughts about how I'm going to, because I don't want to be longer than an |
| 294 | 00:55:37,890 --> 00:55:47,430 | hour. That way, I'm going to ask the questions, and I'm going to sit there and let them talk. I don't need to be her I'm, well, I want them to tell me what |
| 295 | 00:55:47,430 --> 00:55:54,870 | they've done with their routine is, how did they get started? What was their biggest fear that they overcame? Where's their? Where's their goals? And what's |
| 296 | 00:55:54,870 --> 00:56:02,010 | your plan on getting there? These are the types of questions I'm going to ask. And everybody's going to have shit different. And that's going to be |
| 297 | 00:56:02,010 --> 00:56:08,910 | interesting. I know, it's gonna for me, it's gonna be I don't give a shit. And my boss likes it. I'm giving these students the opportunity for me to sit down |
| 298 | 00:56:08,910 --> 00:56:19,950 | with them. It's closest face to face can be Yes, I will show my face there. And you'll see I have more than one white cap. I have other colors too, guys. I |
| 299 | 00:56:19,950 --> 00:56:32,640 | might shave my head because everybody wants to see me bald. Summertime, I might do it. I'm afraid of it. So the good grades. You'll hear these folks give you |
| 300 | 00:56:32,640 --> 00:56:43,620 | their stories, and share and I'm going to treasure that. Like, that's exactly what I want this to morph into. I'm doing this because I want all of you to be |
| 301 | 00:56:43,650 --> 00:56:52,320 | generous with your story with me, tell me what it is that you're doing. If you want notoriety, apparently I have an audience that looks at this stuff. And I'm |
| 302 | 00:56:52,320 --> 00:57:00,960 | going to share if you want me to not that I'm going to do it without your blessing. But if you want your socials shared, you know, I'm going to give you |
| 303 | 00:57:00,960 --> 00:57:11,100 | the opportunity to do that. So it gives you a stage it like there's a young man out there, Paladin, he's trying to get a course together how to how to beat |
| 304 | 00:57:11,100 --> 00:57:19,620 | these funded accounts and have you know, all that stuff. He might be teaching some of the stuff that he uses while he's doing it, that he's learned from me. I |
| 305 | 00:57:19,620 --> 00:57:30,210 | don't give a fuck. Okay, I don't care. Because number one, he's publicly stated that, you know, I had a small f a small part of what he was able to do. And |
| 306 | 00:57:30,660 --> 00:57:38,490 | that's wonderful, because now they know me. And then when they hear me, they talk about, you know, how did you learn, and I gave all the glory to God. That's |
| 307 | 00:57:38,490 --> 00:57:46,170 | how I want it. That's the exchange rate here. Okay, that's all I want. But he, you know, he was trying to he's trying to build a course or whatever you know, |
| 308 | 00:57:46,170 --> 00:57:56,130 | or some kind of mentorship to get funded and in pass some, you know what, go for it. That's something I'd get behind. So you don't want to do it. And some of you |
| 309 | 00:57:56,130 --> 00:58:07,230 | may be wanting to run signal services. And guess what, I have a lot of students that can't do this. When's the last time you heard any educator, any Guru Guru? |
| 310 | 00:58:07,800 --> 00:58:21,000 | tell you, they got failed students. Everybody makes money with their bullshit, right? Get the fuck out of here. It's real. I don't lie. The bottom line is |
| 311 | 00:58:21,000 --> 00:58:31,200 | this, this stuff is complex. This skill set isn't going to happen overnight. And a lot of people came to me like they go to anybody else. Give me a one to three |
| 312 | 00:58:31,230 --> 00:58:38,340 | fast track. I need to learn how to make money right now I'm broke. And if you can't do it, you're a fraud. Fuck you. How's that work for you? The bottom line |
| 313 | 00:58:38,340 --> 00:58:51,120 | is this, you're going to work your ass off in this industry. No matter what you do, period. Period. And time is going to be a whole lot more spent than you |
| 314 | 00:58:51,120 --> 00:59:03,900 | wanted to spend. It's going to take you longer, it's going to be more effort on your part. You want to learn how to trade I've already taught you. You want a |
| 315 | 00:59:03,900 --> 00:59:12,240 | routine on how to go in and do those things. That's exactly what I'm teaching you this year. A day in and day out. This is what we're looking for. This is |
| 316 | 00:59:12,240 --> 00:59:21,390 | what it looks like. This is how it repeats and we aren't afraid of signals drying up and not working anymore. I know that I'm going to have a setup. And |
| 317 | 00:59:21,390 --> 00:59:28,200 | this is what pisses people off. They don't like me. I always have something I always have ace up my sleeve. You're damn right I do. Because that was a |
| 318 | 00:59:28,200 --> 00:59:40,320 | weakness. I needed to know I had more weapons than just a stochastic and a moving average. Because that shit didn't hold up long. In the markets are more |
| 319 | 00:59:40,320 --> 00:59:50,880 | dynamic than just one way. You have to have a tool that is useful for any market profile. It doesn't mean that you're going to trade every single time because |
| 320 | 00:59:50,880 --> 01:00:00,840 | you have that tool. It just means that you know enough that the thing you're probably going to use if you were less equipped experience If you would have |
| 321 | 01:00:00,840 --> 01:00:06,510 | tried to use in an environment, which is what most of my students, when they first come to my YouTube channel, they think everything's a fucking optimal |
| 322 | 01:00:06,510 --> 01:00:17,910 | trade entry. They think every rally up is gonna set up a sell. And every rally down is gonna set up along. And they send me emails, they'll say things in the |
| 323 | 01:00:17,910 --> 01:00:25,290 | comment section. You know, I tried to optimal trade entry, and I get stopped out how do you know which one's the optimal trade entry? Well, what are you doing |
| 324 | 01:00:25,290 --> 01:00:35,040 | wrong? Looking to Lookingglass you're looking for entries only. You have no context as to what you're doing. There's no narrative being applied to the |
| 325 | 01:00:35,040 --> 01:00:45,060 | chart, you have been consulted the higher timeframe. So is it surprising why you're looking at something on the smallest degree of importance, which is the |
| 326 | 01:00:45,060 --> 01:00:56,700 | entry. I've stated this so many times, and it's almost like you guys don't want to believe me when I'm being honest. Entry patterns are numerous, there's so |
| 327 | 01:00:56,700 --> 01:01:07,980 | many entry techniques to get you into the moves. But there's only one side of the narrative that's going to develop in price, that's it, you're not going to |
| 328 | 01:01:07,980 --> 01:01:15,660 | change that the buying selling pressure doesn't change it, the narrative is going to unfold. And that's just the way it is. And if you're not able to get on |
| 329 | 01:01:15,660 --> 01:01:26,940 | side with that, that means get in alignment, get in sync with it. Any entry techniques, I can give you the best ones I have. And it's gonna fucking fail for |
| 330 | 01:01:26,940 --> 01:01:36,990 | you because you aren't looking at what you're not looking at the underlying pinnings of the marketplace, what makes this market most likely to go higher, |
| 331 | 01:01:36,990 --> 01:01:44,340 | and we're gonna how's it going, just because you think it's going up? Where's it going to, because if you don't know that, you're going to overstay your welcome |
| 332 | 01:01:44,430 --> 01:01:56,040 | or exit far too soon. And if you look at what I'm teaching, and how I teach it, I'm teaching you when the time to market when to build a model that is bullish |
| 333 | 01:01:56,070 --> 01:02:04,920 | when the bearish model is expected when the market is going to be in consolidation, and try not to be expanding, with your expanded but entering with |
| 334 | 01:02:04,920 --> 01:02:15,270 | your trades, expecting the market to expand out of that range, because it's most likely to do what consolidate a hit of a big report. So you're not going to, |
| 335 | 01:02:15,690 --> 01:02:28,650 | you're not going to be guessing you're not you don't want to go into this guessing if, if at the end of this year, you're feeling like you have no idea |
| 336 | 01:02:28,680 --> 01:02:41,550 | where you're at in price. I promise you this, you did not pay attention. You did not take notes, and you did not back test. And that's the bottom line. That is |
| 337 | 01:02:41,550 --> 01:02:49,560 | the absolute truth. And I know that there's going to be people that are going to be lazy as fuck this year, they're only going to watch the videos are only going |
| 338 | 01:02:49,560 --> 01:02:58,230 | to watch the last change and try to get trades out of what I'm saying. And then they've learned nothing. And there'll be the same Yahoo's that were paying me |
| 339 | 01:02:58,230 --> 01:03:06,690 | money to learn how to do this. And I'm calling the market every single fucking day, every single month. And it's going where I say it's gonna go. And I'm |
| 340 | 01:03:06,690 --> 01:03:14,790 | proving the concepts work. And here it is, it's going on and on and on, I got people that make money in that group, whether it be the 2016 group, or the 2021, |
| 341 | 01:03:14,790 --> 01:03:22,590 | the last one, every one of those groups, every one of those years, I have winning profitable students. Every single one of those groups, I have students |
| 342 | 01:03:22,590 --> 01:03:34,230 | that have never made a dime with it. What's the common denominator? They have not done what I'm telling them to do. And they've done everything I told them |
| 343 | 01:03:34,230 --> 01:03:46,590 | not to do. The ones that end up making money. They're the ones that maybe they fucked off in the beginning, tried their own way, mentorship stuff, last learn |
| 344 | 01:03:46,590 --> 01:03:54,090 | from that, and then started doing what I said. Or they never fucked off and he followed my instructions and right from the beginning, found their way into |
| 345 | 01:03:54,090 --> 01:04:03,600 | profitability. I'm sorry that it's harder than you thought it was going to be. But that doesn't make me a fucking frog. When I'm out here proving every fucking |
| 346 | 01:04:03,600 --> 01:04:15,270 | day. Sorry. Sorry. It must suck to be you. Because you're literally looking outside yourself for a reason to exist and live with yourself. Because if you |
| 347 | 01:04:15,270 --> 01:04:25,140 | think that this stuff doesn't work, after seeing as much of the evidence of this on a day by day basis, with such a degree of precision, you are the problem. |
| 348 | 01:04:26,760 --> 01:04:40,380 | Just like I was the problem when I first started, but you don't want to recognize that trading. This industry is the looking glass. What do you see when |
| 349 | 01:04:40,380 --> 01:04:49,830 | you see through it? Do you see problems that you got to work on? character flaws that you have to correct? Build coping mechanisms. |
| 350 | 01:04:51,660 --> 01:05:00,660 | being bipolar, it's not a matter of what I eat, folks. I appreciate some of you that are sending me that shit. But it has nothing to do with it. It It's all in |
| 351 | 01:05:00,660 --> 01:05:16,080 | my brain. Okay, I'm literally struggling to be sane, sometimes it's very difficult. And I will not ever take a drug that is going to make me not focus, |
| 352 | 01:05:16,080 --> 01:05:25,980 | like I need to be focusing, I will live the rest of my life like this wrestling with it and it sucks. It does, it sucks. But I will never be medicated. I will |
| 353 | 01:05:25,980 --> 01:05:40,620 | not. So you know, that's the, that's the wrestling match I chose to be in. But you're gonna, you're gonna see things through this industry and other people. |
| 354 | 01:05:42,120 --> 01:05:51,870 | You're gonna see arrogance, when there isn't any justification for it, you're gonna see modesty when they should be beating their chest, you're gonna see |
| 355 | 01:05:51,870 --> 01:06:06,840 | folks fail miserably in deny that it was them. Them, not the material, not the concepts that other people around the world are doing the same stuff with it, as |
| 356 | 01:06:06,870 --> 01:06:18,360 | well, not the same stuff. But they're using the same concepts. And they're making real money, life changing money. Some of you are new, and you haven't had |
| 357 | 01:06:18,360 --> 01:06:31,440 | that experience yet. And I will have that interview with you as well. If you're willing to have it, no problem. I would love to continue that part. into 2024. |
| 358 | 01:06:31,440 --> 01:06:39,150 | and beyond. I'd like to do like a one, one a week type thing. That way, it allows me number one to live my life once we get through this, because I don't |
| 359 | 01:06:39,150 --> 01:06:45,720 | want to be doing everyday interview because it takes time to be doing all that stuff. And I don't want to be held to a schedule. But I would love to be able to |
| 360 | 01:06:45,720 --> 01:06:57,570 | sit down with one each week, maybe only on a Friday. And it's an hour long in time. That's what my plan is. And just listen to someone that has gone through |
| 361 | 01:06:57,570 --> 01:07:06,780 | it. You know, I would love to see people come in and say yeah, I thought you were a fucking scammer. I thought you were a scammer and a fraudster. And then, |
| 362 | 01:07:06,990 --> 01:07:13,470 | you know, I just figured I'm gonna take this guy's shit, and challenge it and prove it wrong. And then now I'm making money and just the best decision I've |
| 363 | 01:07:13,470 --> 01:07:21,060 | ever made. i That's the, that's the interviews, I'm waiting to have it because I understand. I have a lot of supporters and you guys are making money. And that's |
| 364 | 01:07:21,060 --> 01:07:31,620 | wonderful. I really get off, I get my rocks off when I have someone converted. Like, I feel like I've, you know, I've really earned something there. I've gone |
| 365 | 01:07:31,620 --> 01:07:39,120 | through a lot of shit over the years and listen to a lot of shit. And willfully put myself in the situation where I'm going to catch a lot of shit. Because I'm |
| 366 | 01:07:39,120 --> 01:07:48,840 | literally out here demo ball. And, and I've done it for years, and you can't say anything that's gonna hurt me. Because I have the goods, I can prove it. And I'm |
| 367 | 01:07:48,840 --> 01:07:56,010 | gonna do it, you're faced with a demo account, and you can't find profitability and end of the shit you're doing. So it's, it's been fun for me to do that. And |
| 368 | 01:07:56,010 --> 01:08:05,850 | the people that have looked at what I do, and look past the things I told you just look past that. If it's real, you'll see it. If it resonates with you run |
| 369 | 01:08:05,850 --> 01:08:14,640 | with it. And if you have the passion to stick with it, you will be profitable. You will fucking make fucking money here. And that's just the way it is. But you |
| 370 | 01:08:14,640 --> 01:08:25,500 | have to be here every day learning what it is that you have to discover is going to be the reasons why you're going to derail. Because you will, and how you |
| 371 | 01:08:25,500 --> 01:08:39,570 | react, and how you think about yourself, your trading and this industry, once you experience loss. One of the best things that could ever happen is for you to |
| 372 | 01:08:39,570 --> 01:08:49,860 | experience losing an account. What do you say? Yeah, that's the worst. That's the worst thing in your mind that could ever happen right now as a student, |
| 373 | 01:08:49,860 --> 01:09:00,090 | right? That's the worst thing. How could anybody say that's the best thing, because you will know what it feels like to have one moment where you didn't |
| 374 | 01:09:00,090 --> 01:09:12,240 | even see it coming. And then boom, you don't have anything in the account. At least not enough to take another trade. I think every trader needs to experience |
| 375 | 01:09:12,240 --> 01:09:22,440 | that. Because then you'll respect the risk. What happens if you do blow an account, but you don't respect the risk and you go out there and you just do the |
| 376 | 01:09:22,440 --> 01:09:34,320 | same thing with a second one. Here's what you're not observing what you're seeing in that. But ignoring is that you are impulsive and a gambler. And that |
| 377 | 01:09:34,320 --> 01:09:46,230 | means you have to do some work. You have to correct that. And it's not easy because you are the person that's driving that. And you're doing it recklessly |
| 378 | 01:09:46,230 --> 01:09:58,680 | because you need an outward outside of you. Confirmation. That's why you're doing it. You're trying to do something a Olympic sized over leveraging an |
| 379 | 01:09:58,680 --> 01:10:09,930 | account trying to get some kind of big win. So that way you can feel like you are formidable. You can make a lot of money. Look at this, this makes you this |
| 380 | 01:10:09,930 --> 01:10:18,060 | makes you a good trader. No, it doesn't. It does not make you a good trader, it makes you an impulsive gambler. And guess what sometimes impulsive gamblers go |
| 381 | 01:10:18,060 --> 01:10:27,300 | into casinos and make a lot of money. But impulsive gamblers don't go to casinos every day or every week or every month of the year and make lots of money. |
| 382 | 01:10:28,290 --> 01:10:38,250 | professional gamblers are not impulsive gamblers. They're calculated money managers, and they're utilizing the cards as what they're multiplier. They don't |
| 383 | 01:10:38,250 --> 01:10:45,810 | know what the next turn on that card is going to be. They don't know what hands gonna be given to them, they don't know. And they embrace that uncertainty, |
| 384 | 01:10:45,960 --> 01:10:53,460 | which is the equivalent of us doing what in trading, we don't know what that next candle is going to do. They could drop a bomb somewhere. And boom, the |
| 385 | 01:10:53,460 --> 01:10:59,910 | market gaps completely outside, what's your start with your chart showing especially some of you where I was talking about today in lecture this morning. |
| 386 | 01:11:01,050 --> 01:11:09,840 | You're so zoomed in, and you had just a handful of candlesticks, like the it's only going to move 10 handles at most, like you'd have to have some data on your |
| 387 | 01:11:09,840 --> 01:11:20,340 | chart. That's the reason why you're not holding your trades as long. Because you have no, you have no visibility, you're too close to the forest, or too close to |
| 388 | 01:11:20,340 --> 01:11:32,850 | the trees to see the forest. You have your nose on one tree. And the only thing you can see is that bark on that one tree. That's exactly what every YouTuber is |
| 389 | 01:11:32,850 --> 01:11:45,150 | doing. There isn't one youtuber out there that I've seen that has enough data on their chart to make balanced decisions. You're looking at it too close. And when |
| 390 | 01:11:45,150 --> 01:11:54,210 | you do get a winner, I'm in your audience. Sometimes I'm thinking myself, What are you talking about? You're gonna close it fucking snowing. But it's it's your |
| 391 | 01:11:54,210 --> 01:12:05,280 | trade and it would be rude of me. It would be rude of me to overtake and say this is what's going to happen. But I have sometimes tossed out numbers. Like |
| 392 | 01:12:05,280 --> 01:12:16,740 | here, like a, like a, like a gentle nudge, like here, look there, look there. And then not don't take your profits in the next five handles. And I don't, I |
| 393 | 01:12:16,740 --> 01:12:24,600 | don't want to override someone when they're in a live stream. Because it's rude. And that's already bad enough when I show up and I try to help someone with |
| 394 | 01:12:24,600 --> 01:12:33,120 | their, with their audience and help build them up and tell them you know, I'm on your audience right now. I'm watching what you're doing. And invariably, the |
| 395 | 01:12:33,120 --> 01:12:42,330 | folks that know that I'm there, or if I invite all of you, hey, ICTs in the house. It's not I don't want you doing that. And it's rude. It would piss me |
| 396 | 01:12:42,330 --> 01:12:52,860 | off. It would drive me fucking crazy. Like, like, seriously, like, I understand if you somebody showed up in the live setting in their celebrity, but I'm not a |
| 397 | 01:12:52,860 --> 01:13:05,250 | fucking celebrity. I'm literally nobody. And given my given you my attention for giving me your attention in somebody else's live streaming chat box is rude. |
| 398 | 01:13:05,550 --> 01:13:18,480 | That's fucking rude. Don't do that. But the same YouTubers who I sometimes, but door because they are doing something that takes a lot of balls to do it. And |
| 399 | 01:13:18,990 --> 01:13:30,870 | seeing them discover themselves in the presence of other people. Man, that takes a shit that takes a lot of courage, a lot of courage. And, Patrick, if you're |
| 400 | 01:13:30,870 --> 01:13:44,730 | listening, my advice, and you can take this with a grain of salt. But I guarantee you if you don't engage the chat, and you just do you let them say |
| 401 | 01:13:44,730 --> 01:13:51,270 | whatever the fuck they're gonna say, Who cares? The chat window, whoever is talking to chat window, they're not really fucking worried about price. They're |
| 402 | 01:13:51,270 --> 01:13:58,620 | just hanging out. They want to be a part of the clique. That's what that all is. And you're they're not gonna learn anything anyway. So just let them have fun in |
| 403 | 01:13:58,620 --> 01:14:07,860 | there, who cares. But if you're there doing what you're doing, I mean, you can find trades. I mean, we can see you doing it, man. Just focus on what it is |
| 404 | 01:14:07,860 --> 01:14:16,710 | you're doing. And fuck the bullshit. Don't let them don't let them distract you. That's why I will never do that. I can't have a window where people can talk |
| 405 | 01:14:16,710 --> 01:14:24,960 | because I'm going to look at the cars going by and I'm going to chase the right one. That's what they want. They want me distracted. I'm not going to give that |
| 406 | 01:14:24,960 --> 01:14:37,110 | to him. I'm not going to do that. And you're easily taken out of gear, bro. And when you lock it down, the best thing you could do is just turn that shit off. |
| 407 | 01:14:37,410 --> 01:14:42,660 | Not for the members. Let them go there and talk that's fine. But you don't look at it. |
| 408 | 01:14:43,920 --> 01:14:53,610 | Just have a one way conversation, man. People are there to listen to you. That's why they're coming. When I show up and I'm in your stream. I'm there to watch |
| 409 | 01:14:53,640 --> 01:15:02,400 | you. I'm there. I'm watching you and watching your mannerisms. I'm reading your face. I'm reading your eyes. as I'm watching how you talk, I'm watching you |
| 410 | 01:15:02,400 --> 01:15:09,390 | fidget around in your chair, I'm watching you shift around, I'm watching, you get frustrated when I'm at work, and I'm listening to how you talk to yourself. |
| 411 | 01:15:11,430 --> 01:15:23,400 | I'm watching all that stuff. To me. It's a social experiment, I'm watching you find yourself. And I'm also watching you wrestle yourself. And this is exactly |
| 412 | 01:15:23,400 --> 01:15:32,280 | what I talk about all the time, which is the reason why I invite everybody to go to you. Because if you wrestle all these things you're competing with inside |
| 413 | 01:15:32,280 --> 01:15:40,920 | you. And I hope you're not being offended by what I'm saying here. Because I'm saying everything with love, bro, I'm not trying to judge you, I'm nothing I'm |
| 414 | 01:15:40,920 --> 01:15:49,830 | saying here should be viewed as negative. Like, I'm telling you that what you're doing is very courageous. And I'm hoping that you will be successful more than |
| 415 | 01:15:49,830 --> 01:16:01,170 | you already are. And I'm hoping that you just just consider what I'm saying. And just try it out. It might not work for you. And that's fine. I'm not trying to |
| 416 | 01:16:01,530 --> 01:16:09,570 | take credit for anything that you do in the future, all I'm trying to do is be a help, that's all. But what you go through, and the things that you're |
| 417 | 01:16:09,570 --> 01:16:19,950 | experiencing, and then you say, oh, fuck this fucking trade this, that's negative self talk. And that negative self talk has such an impact, such a huge |
| 418 | 01:16:19,980 --> 01:16:30,600 | impact on what you're going to do. And you're and you're doing it, you're doing it in a setting that's absolutely incredible in terms of difficulty, which takes |
| 419 | 01:16:30,600 --> 01:16:41,910 | huge fucking balls. Like to do that number one, in front of anybody, you know, in a live audience setting takes takes a lot of courage. And if you're trying to |
| 420 | 01:16:41,940 --> 01:16:51,870 | discover what it is that you're going to be excelling in as a trader, while doing that, and allowing other people to give you feedback, and sometimes you |
| 421 | 01:16:51,870 --> 01:17:00,510 | know what's gonna happen, tassels are gonna show up. Because they suck, they literally can't do it themselves. And they want to make themselves feel good if |
| 422 | 01:17:00,510 --> 01:17:10,980 | they can wreck your mindset. So deny on that, and still do what you're doing. If you're distracted with what other people are saying, like, why don't you try to |
| 423 | 01:17:10,980 --> 01:17:20,280 | trade like this? And why don't you? Fuck that opinion or question Who gives a shit? You know, what you want to do? When you see the chart? Like anybody else, |
| 424 | 01:17:20,430 --> 01:17:28,620 | doesn't mean it's right doesn't mean it's wrong. And that's the thing you're looking for. You're waiting for that thing. And if you let other people get |
| 425 | 01:17:28,620 --> 01:17:37,110 | inside your head, and take your mind off of what it is you're looking for, whether it be a student of mine, or whether it be someone that's pretending to |
| 426 | 01:17:37,110 --> 01:17:43,050 | be a student of mine by talking shit about me, which I think is really what's going on. I think there's people out there and you know who I'm talking about. |
| 427 | 01:17:44,400 --> 01:17:51,960 | They're trying to make our community like a bunch of assholes by going in other live streamers and shit. And that's why I'm not going to invite anybody anymore. |
| 428 | 01:17:52,560 --> 01:18:02,640 | Because that's what's been going on. But I'm just I you know, what, YouTubers I'm listening to. Patrick, you know, I'm in yours. chased by Matt, you know, I'm |
| 429 | 01:18:02,640 --> 01:18:11,100 | in yours. And other YouTubers are just uploads. There's any other ones? I'm not going to tell you who they are, because I use their chat windows for sentiment. |
| 430 | 01:18:11,970 --> 01:18:18,210 | And I don't want them to think I'm being an asshole, because that's not what it is. I have nothing against the youtubers themselves. But they have a rich chat |
| 431 | 01:18:18,210 --> 01:18:34,740 | window. That is a wonderful sentiment indicator. So I've heard that before. But Patrick posted a comment about how and he's he's also said it several times in |
| 432 | 01:18:34,740 --> 01:18:47,490 | his live streams. I'm talking about Patrick Whelan. He does a live stream every morning on YouTube, and trades the morning session such and I think he's a cool |
| 433 | 01:18:47,490 --> 01:18:59,400 | character. He's funny a lot of times. And I'm, I'm very interested in seeing how he finds himself and all that, but still, hopefully maintains that character |
| 434 | 01:18:59,400 --> 01:19:13,290 | because it's edgy. It is going to work really, really well. If he knows what he's doing. And he's consistent with it. Not. There's a lot of emotion in which |
| 435 | 01:19:13,290 --> 01:19:23,490 | is normal. Like he he's he's a rollercoaster of emotions, which many times I think is why people go to watch him. And when he makes it and kills it. Yeah, |
| 436 | 01:19:23,550 --> 01:19:35,280 | he's doing his normal every day, man flex where he gets the touchdown. He does his dance. And you know, he's cheerleading himself whatever. That question he |
| 437 | 01:19:35,280 --> 01:19:47,730 | posed several times about how he needs to find a way to hold on to these trades a little bit longer. And then now when he tries to do that he gets burned |
| 438 | 01:19:47,730 --> 01:19:56,520 | because he has winning trades and turns back on him. And I think he's dabbling with the idea of doing partials which Patrick that is the absolute best fucking |
| 439 | 01:19:56,520 --> 01:20:04,860 | thing in the world, because they always make money, partials. Always profit every single fucking time there's never been a partial profit that didn't make |
| 440 | 01:20:04,860 --> 01:20:18,870 | money. That's that's an absolute 100% win every single time as 100% win rate, you can't beat it, it is what it is. The problem is, once you taste 4000 $5,000, |
| 441 | 01:20:18,870 --> 01:20:29,280 | winning days, the impulses to keep chasing that like that first high, you know, when you see these folks in the eighth row back when I was younger, you would |
| 442 | 01:20:29,280 --> 01:20:38,520 | see these folks on cocaine, and that first time they took cocaine, like they want to chase that high that never get it again, they never can get that same |
| 443 | 01:20:38,520 --> 01:20:47,550 | one again. But they constant keep going back to it wanting to get that same high. I don't have personal experience in that shit. But in the 80s, that was |
| 444 | 01:20:47,550 --> 01:20:59,340 | the drug of choice. And we saw a lot of it. And it was in the movies, it was in culture, it was new, that was the the fashion drug at the time. When you're |
| 445 | 01:20:59,340 --> 01:21:10,200 | trading, and you get that high of a big win, that's a high that you want to get back almost limitlessly like you want as soon as you get out of the trade, |
| 446 | 01:21:10,470 --> 01:21:19,320 | you're thinking, hey, that was great. Let me go again, like there's something in the chart, it's gonna give you that same 15 handle run again, it's done, like |
| 447 | 01:21:19,320 --> 01:21:33,930 | you got to stop. So a lot of the things that I hear him talk about whether he realizes it is some of the things I've been talking about in my lectures. I'm |
| 448 | 01:21:33,930 --> 01:21:45,150 | using him as like a model to help coach while I'm not actively saying I'm teaching him, I'm using the things that he's making public as a point of concern |
| 449 | 01:21:45,150 --> 01:21:57,360 | for himself, or personal goals, or he's reflecting on what he feels he's done incorrectly and wishes he had a way to overcome it. I'm using that that model of |
| 450 | 01:21:57,360 --> 01:22:07,860 | him, then where he what he's focusing on are contending with. I'm using that in my lectures. So while I'm not drawing special attention, obviously, you know |
| 451 | 01:22:07,860 --> 01:22:23,970 | now, but I'm not trying to say, look, I'm your mentor. That's not what it is. I'm just trying to be a help at all. And hopefully, by this real world, person |
| 452 | 01:22:24,000 --> 01:22:35,130 | trying to do this, if you can learn from the advice I'm giving in say he doesn't take this in consideration, and doesn't do anything with it, or tries and says |
| 453 | 01:22:35,130 --> 01:22:43,230 | it didn't work for me, okay, that's fine. Somebody else that's listening to everything I'm doing might warm up the idea and it fits them perfectly. It may |
| 454 | 01:22:43,230 --> 01:22:51,480 | be the very things that they've wrestled with. And and now they figured out that that thing that was a hindrance, the thing that was the problem, the rock in |
| 455 | 01:22:51,480 --> 01:23:00,450 | their shoe, if you will they once they remove it, then they can walk you without a limp, they can get right to where they're going no, no reason to feel like |
| 456 | 01:23:00,450 --> 01:23:13,410 | you're being impeded and slow down, they won't have that fear of holding on to a trade. They won't have a fear of being stopped out because they know what |
| 457 | 01:23:13,410 --> 01:23:22,350 | they're looking for. It's going to repeat over and over and over again. And it's one thing to have a model that you think is good when you first start finding |
| 458 | 01:23:22,380 --> 01:23:37,680 | profitability. That might be a profitable model. But what tends to happen is you try to demand more than what the model can provide. And that's the reason why I |
| 459 | 01:23:37,680 --> 01:23:51,420 | have to have for me, I have to have different setups. I'm not comfortable accepting a one trick, one pony type thing, you know, I can't I my mind won't |
| 460 | 01:23:51,420 --> 01:24:01,170 | let that happen. Especially knowing what I know about price and how it delivers. I know there's a plethora of things that I can utilize to get into other setups. |
| 461 | 01:24:02,340 --> 01:24:11,550 | And I tried to showcase that. And unfortunately, what that has done is created an insatiable desire for everyone else to do all those things too. And you're |
| 462 | 01:24:11,550 --> 01:24:20,820 | equating that is the only way of determining success with me, or you're not a real ICT student. Unless you could do everything that I've ever talked about. |
| 463 | 01:24:21,150 --> 01:24:30,660 | And that's not true. All you need to be able to do is fine one setup, and I've done my best and I don't know how to do it any better than stripping it down to |
| 464 | 01:24:30,660 --> 01:24:37,530 | simply five handles. And I talked about in our Twitter space last week. How that might not be |
| 465 | 01:24:44,250 --> 01:24:56,160 | Samsung this guy shot to be honest with you. I don't know one second. I mean, like the Highlander done in Bel Air. But it just sounds like somebody this shout |
| 466 | 01:24:56,160 --> 01:25:19,290 | out three shots. You go live and on the scene, here's ITT reporting, I will see nothing. Once again, shoot me, I'm good. I didn't see nothing. So you might go |
| 467 | 01:25:19,290 --> 01:25:29,010 | after these five handles. And like I'm teaching my son Cameron. And what I've mentioned also in the Twitter space is that what happens if you're trying to |
| 468 | 01:25:29,010 --> 01:25:41,670 | start off as at five handle trader, and you're going to find it that can be found a lot intraday. Lots of opportunities with that occurring. And you can be |
| 469 | 01:25:41,700 --> 01:25:52,350 | bias neutral, meaning you don't have to have the bias correct. So for the folks that are struggling with bias right now, I'm giving you a way to study and look |
| 470 | 01:25:52,350 --> 01:26:04,860 | for setups. And it's such a small range of movement in price, five panels is nothing like it's literally nothing. But for you. It may not have probably |
| 471 | 01:26:04,860 --> 01:26:18,210 | seemed like worth it at all. Because you hear other people saying five handles, you got a little big no. Five handles can change your entire life, if you know |
| 472 | 01:26:18,210 --> 01:26:30,570 | how to find them consistently. High frequency algorithms are taking many times huge numbers of trades, just to get less than one handle move. So who's fucking |
| 473 | 01:26:30,570 --> 01:26:39,420 | laughing? Okay, the clowns that have an ego problem and have a superiority complex. And they have a small audience. That's the ones that are bitching and |
| 474 | 01:26:39,420 --> 01:26:51,240 | making bullshit. So you shouldn't listen to those people anyway. But what happens if you're aiming for those five handles? But you don't have the |
| 475 | 01:26:51,240 --> 01:27:04,080 | confidence yet, because you're new. And that's understandable. But you take it off when you get three handles. And you do that for months, until you find that |
| 476 | 01:27:04,080 --> 01:27:12,780 | level of comfort doing it because some of it is going to be requiring you to do things longer than you think it's going to take right now. And when I just said |
| 477 | 01:27:12,780 --> 01:27:23,640 | that, what, several months. And some of the trolls are snickering and laughing. He said do three handles for months. Because this is hard for some people. It's |
| 478 | 01:27:23,640 --> 01:27:33,900 | scary. Like you. I had to overcome a lot just to get into trades. In 1992 Like it was scary after my first trade, which I impulsively this jumped in because I |
| 479 | 01:27:33,900 --> 01:27:44,910 | had to do something I felt I had to do it. Man, if I could be honest for a second. It was much like when maybe this doesn't make sense. I think I've talked |
| 480 | 01:27:44,910 --> 01:27:56,940 | about this before. My son Caleb said that he understands this perfectly. But it might be a byproduct of us having the same DNA to but you have you ever drove |
| 481 | 01:27:56,970 --> 01:28:06,690 | your car. And I promise we'll come back to the three handle and fight him I promise we're gonna get right back to that. But when we have episodes where when |
| 482 | 01:28:06,690 --> 01:28:14,340 | you're driving, okay? Just say I've experienced that. Or if you never experienced it, but you think it's fucking weird and funny. Respond on Twitter |
| 483 | 01:28:14,340 --> 01:28:27,450 | to that way I know everybody's awake still. But ever drive your car on a bridge and start questioning yourself? What happens if I just jerked the wheel to the |
| 484 | 01:28:27,450 --> 01:28:42,540 | right really hard and just go off of it? Like, do you ever feel that and begin to fear your body just doing it out of just like it's gonna do it and you had no |
| 485 | 01:28:42,540 --> 01:28:53,520 | sane and fearing that your arms just gonna do it like a, like a knee jerk reaction like a like a, like a reflex? It sounds crazy to some people. But I |
| 486 | 01:28:53,580 --> 01:29:02,910 | promise you in this audience, I guarantee you, some of you have experienced that. And you're thinking, Man, I hope I don't drive off this bridge. You don't |
| 487 | 01:29:02,910 --> 01:29:12,030 | do it. But sometimes you start questioning what happens if that happened? That would be embarrassing. Now you're going to fucking prison, not prison, but |
| 488 | 01:29:12,030 --> 01:29:19,230 | you're going to degrade. And if you turn into a crowd of people or do something like that into another car, you're gonna interest in mind, you're going to jail, |
| 489 | 01:29:19,230 --> 01:29:33,360 | right? Or die in the process. That moment when I got into my first trade in 1992, and I did the orange juice option. It was almost like that same feeling. |
| 490 | 01:29:33,960 --> 01:29:44,370 | Like it felt like it was an overwhelming I have to do something and almost like I didn't have any control over it. Like I literally was pushed, subconsciously |
| 491 | 01:29:44,460 --> 01:29:58,890 | to make a dumb decision. And I know looking backwards at that moment. How it was one of the most reckless and just careless decisions I've ever done with money. |
| 492 | 01:30:00,210 --> 01:30:08,730 | And obviously, the outcome showed me that that was careless, you know, I lost 50% of what I put up in the option, which was a lot of money to me back then. |
| 493 | 01:30:09,060 --> 01:30:14,400 | And I just closed the account immediately after that, okay. And to me my warning, I wasn't ready, I was scared that I was going to do something like that |
| 494 | 01:30:14,400 --> 01:30:28,800 | again, and lose the lesson the rest of it right. So you might have those impulses, where you're fearful of what you might do to yourself and trading, |
| 495 | 01:30:30,060 --> 01:30:43,440 | which is what I had. And I had to be conditioned to go in looking at the market from a different approach than just one entry technique. It feels to, in my |
| 496 | 01:30:43,440 --> 01:30:51,750 | opinion, because I wrestle with all this bullshit, obsessive compulsive disorder. It feels too myopic for me to know, only one way of getting into a |
| 497 | 01:30:51,750 --> 01:31:07,350 | marketplace. And my opinion of a highly efficient trader, they should have more than one way to get in. And I felt if I didn't have that, I was not properly |
| 498 | 01:31:07,350 --> 01:31:18,270 | equipped to trade. So I wanted to have a repertoire of things. Because then my mindset was, I'll have a tool for whatever the fuck they bring to me, whatever |
| 499 | 01:31:18,270 --> 01:31:29,160 | that Mark is going to do today, I will have a trade. Now, I can do that today. But admittedly, that was a dumb decision, which caused me to make a lot of |
| 500 | 01:31:29,160 --> 01:31:39,120 | tweaks and mess with stuff and blow accounts trying to make things happen. When I didn't have any proof behind what it was, I was trying to force as a trader. |
| 501 | 01:31:39,120 --> 01:31:50,730 | And when I first started. And for some, if you listen to me as a benchmark of five handles, you're starting from ground zero, so five handles is a huge win. |
| 502 | 01:31:51,600 --> 01:32:01,020 | If you just get that one time a week, and you stop and you don't lose it, that's a good thing. That's good. Especially if you're doing it with a mini one mini |
| 503 | 01:32:01,020 --> 01:32:13,050 | contract. You don't 1200 50 bucks a week. Well, that's not entirely true that if you're doing it multiple times, each week, you can build it up to that 25 |
| 504 | 01:32:13,050 --> 01:32:22,080 | handles. But if you do every single day, do that, you're gonna get it that way. But if you just right now, for instance, the folks that are in Africa, you are |
| 505 | 01:32:22,080 --> 01:32:34,830 | challenged financially right now. And in Nigeria, there's a whole lot of shit going on. If you made two or $50 a week, just a week, that's life changing over |
| 506 | 01:32:34,830 --> 01:32:43,560 | there. And some of you have done the math on that thinking, Man, I'm gonna live a whole different lifestyle once this starts happening for me. But in the United |
| 507 | 01:32:43,560 --> 01:32:52,560 | States here, unfortunately, and this is not the new top down anybody else in another country, but you want to get the hours doesn't even pay my fucking cable |
| 508 | 01:32:52,560 --> 01:33:03,270 | bill per month. So here, we have a lot of expenses, and we live lives that are really bloated with things that are just overpriced. And I'm not exempt to that. |
| 509 | 01:33:04,860 --> 01:33:20,970 | But these five handles can make a major dent ain't even with what I spend the month or I told you 1500 1300 $1,200 or groceries. And I have not my full |
| 510 | 01:33:20,970 --> 01:33:29,310 | family, my my three older children, they have their own places they they're outside my house. And I still have to pay a lot of money in my opinion, in my |
| 511 | 01:33:29,310 --> 01:33:39,150 | opinion, it's a lot of money for groceries. So I know that all of you that aren't making a lot of money right now. And you're making whatever your job |
| 512 | 01:33:39,150 --> 01:33:47,220 | pays. And you have your families, you have your bills, your ends meet and you have all this stuff going on around us it's causing shit to get really |
| 513 | 01:33:47,220 --> 01:34:01,920 | expensive. Like really expensive. The car I just bought my son Cameron Nissan Sentra. 28,000 hours, that car should never sell for 20,000 hours, they wanted |
| 514 | 01:34:02,250 --> 01:34:10,230 | 29 Eight, that was the lowest the we're gonna go and I said I will never buy another car from this lot again, unless I get it for 20,000. So naturally, they |
| 515 | 01:34:10,230 --> 01:34:23,190 | sold it for 20,000 hours. So I know it's hard for everybody else because it irks me to see what they're making people pay for it now. And going to the grocery |
| 516 | 01:34:23,190 --> 01:34:29,940 | store and seeing how much it costs. It's nuts. So now, bring that into the equation. |
| 517 | 01:34:31,260 --> 01:34:44,220 | Trolls. And folks that are trying to learn how to do this. They've never done it before. You have to have a goal to reach. That's realistic, that it's rewarding |
| 518 | 01:34:44,220 --> 01:34:54,630 | if you hit it, and now I give you what you aim for the five. But to give yourself confidence. As soon as you get three, close it and watch and see how |
| 519 | 01:34:54,630 --> 01:35:05,610 | many times it goes to the five that's what I had to do to build my My confidence to get into trades, I conditioned myself that way. Cameron's in the process of |
| 520 | 01:35:05,610 --> 01:35:13,620 | going through that, he's going to go through that same process of, you're looking for five. As soon as you get three, you're going to close it, and then |
| 521 | 01:35:13,620 --> 01:35:22,590 | watch it. Does it deliver the five? How long does it take? How much drawdown did you experience? From the point that where you took off three contracts? I'm |
| 522 | 01:35:22,590 --> 01:35:31,680 | sorry, the three handles in that one contract move? How much time did it take in drawdown before it went to the five? Or did it ever go there, those things, you |
| 523 | 01:35:31,680 --> 01:35:39,120 | keep a running log of, and you're going to be doing these multiple times intraday, which is why I'm telling you to get your 10,000 Our demo, trade or |
| 524 | 01:35:39,120 --> 01:35:50,640 | demo account ready, because I want you to be doing one mini Yes, with a 10,000 IRA account, because I want you to see the effects of rushing in under funded. |
| 525 | 01:35:52,170 --> 01:35:59,580 | But I'm going to show you how to correct the drawdown to, you're all going to create the drawdown because you're gonna be doing things through ignorance. But |
| 526 | 01:35:59,580 --> 01:36:08,190 | I will teach you how to fix all that stuff. And also how to fear getting in, I'm going to do the whole thing I did with myself. And what I'm putting my son's |
| 527 | 01:36:08,190 --> 01:36:17,010 | through, you'll be able to accomplish beating that anxiety that, you know, performance anxiety is what it is, I'm afraid I'm going to do it wrong, I'm |
| 528 | 01:36:17,010 --> 01:36:29,340 | afraid it won't be like your trades are. I'm going to show you how to get past all that stuff. But for someone that's new. And I give them this model to start |
| 529 | 01:36:29,340 --> 01:36:41,700 | with. It's a looking glass. And it allows them to focus on what look for five, be content with three. And by conditioning themselves over and over again. |
| 530 | 01:36:42,180 --> 01:36:52,560 | intraday, using one minute charts, it gives them several opportunities per day to challenge themselves to have that experience. It's like a laboratory |
| 531 | 01:36:52,560 --> 01:37:04,080 | experiment. And you're going to be prompted to do that. And it's going to be viewed by the trolls as Oh, look at this. This is dumb. No. It's to help you |
| 532 | 01:37:04,560 --> 01:37:14,850 | become indifferent to the outcome. Which is exactly what you need as a trader, when you put a trade on, you know that this is what your model says it should |
| 533 | 01:37:14,850 --> 01:37:29,100 | do. You also know that it's usually more times than not correct. So if it's more times correct, then it's not. If it fails, it's not going to cause you to wig |
| 534 | 01:37:29,100 --> 01:37:37,770 | out, you're not going to say oh, you know, I'm gonna have to jump on something else, this doesn't work anymore. You'll trust that this is a speed bump. That's |
| 535 | 01:37:37,770 --> 01:37:52,350 | all it is. It's not a roadblock. It's a barrier. It's just something that didn't give you what you were wanting that time. Just like getting turned down on a |
| 536 | 01:37:52,350 --> 01:38:00,630 | Saturday night into club. She's good looking. And she Yes, she is you finally had the courage to go up there. And you went long on one contract trying to get |
| 537 | 01:38:00,630 --> 01:38:10,140 | five, and you didn't get nothing. You got stopped out? As you said, I'm not interested. Sometimes the markets gonna do that. Ladies, you're not exempt |
| 538 | 01:38:10,140 --> 01:38:24,630 | either. Sometimes, it says no. I hope he asked me out and then you see his wife sit down next time. Sometimes you're gonna get full margin to. So by |
| 539 | 01:38:24,630 --> 01:38:33,390 | conditioning yourself, looking for something that's realistic and practical five handles at the beginning, I think is is is reasonable. It's easy, in my opinion. |
| 540 | 01:38:34,200 --> 01:38:47,970 | But it's also powerful. Because if you can develop the confidence to see this repeating, you're going to see a whole lot of fucking setups a lot. And you're |
| 541 | 01:38:47,970 --> 01:38:59,700 | not going to be fearful of missing anything. Why? How can you get to the point of ICT never fearing missing a move? Because I see them fucking coming at all |
| 542 | 01:38:59,700 --> 01:39:11,910 | angles all the time. It's, there's a lot of them. The point is, is you have to find the ones that you like, I literally walked through on Thursday with the GDP |
| 543 | 01:39:11,910 --> 01:39:18,450 | number with my son. I said, Look, here's something can happen here. This is what's going to happen here. It was doing exactly what I said I was going to do |
| 544 | 01:39:18,450 --> 01:39:26,760 | but I said but I want to see the trade that goes up to the fair value. That's my trade. That's the one I want to do. But even though I'm calling it live right |
| 545 | 01:39:26,760 --> 01:39:39,960 | there in front of everyone that was listening to us, that's what it's like to be well versed in this. You can see lots of five handle runs up and down. And |
| 546 | 01:39:39,960 --> 01:39:47,610 | you're never going to be fearful which means what you're not going to be impulsive about getting any losing trade right away back. Just because I can see |
| 547 | 01:39:47,610 --> 01:40:01,920 | lots of trades and I can see them coming and I can I can engage on all of them. My My experience has been when I've done that I lose sight of where I am, and |
| 548 | 01:40:01,920 --> 01:40:11,130 | when the bigger moves come? Because it's like a game after that. Like, I'm like, Okay, this one, I did that one, I did this one, I did that one. And I forgot, |
| 549 | 01:40:11,610 --> 01:40:21,780 | oh, I'm supposed to be looking for this. And it's my obsessive compulsive districts, the better. I mean, I don't do well in that situation. So which is |
| 550 | 01:40:21,780 --> 01:40:31,080 | why I did what with my trading, I have to be highly selective. I want to be in the moves that have the best potential for the big runaway runs. I know how to |
| 551 | 01:40:31,080 --> 01:40:39,900 | find them. But if I either missed them, because it happened before I got to the charts, or it happened when I was sleeping, that's a move, I can't, I can't |
| 552 | 01:40:40,200 --> 01:40:50,820 | participate in it. You can't either. I'm not getting up and saying oh, no, Bitcoin just moved 10,000 points over the last six weeks or whatever. I don't |
| 553 | 01:40:50,820 --> 01:41:01,230 | give a shit. That's not my market. I don't wake up and look at the s&p and say, Oh, shit, it moved 20 handles overnight, I wish I could No, I can find 20 |
| 554 | 01:41:01,230 --> 01:41:11,370 | handles in the day doing five handle runs up, down, up down. There's my 20 handles. I'm not worried about it. In you won't be worried about which is where |
| 555 | 01:41:11,370 --> 01:41:21,150 | you should be as a trader, you need to know what you're looking for what you're going to accept as a trade that incurs risk and be comfortable with that. And if |
| 556 | 01:41:21,150 --> 01:41:28,410 | it fails, you're not going to lose your mind about it, you're not going to be in a hurry to try to find something that really isn't in the chart, what you're |
| 557 | 01:41:28,410 --> 01:41:37,440 | trying to do is impose your will, you're looking for that looking glass in a losing position, you're in drawdown, you're going to manifest your next setup |
| 558 | 01:41:37,470 --> 01:41:48,270 | even when it's not there. Why because you don't have a clue what you're doing, you don't know your model. Because if you knew your model, you would sit still |
| 559 | 01:41:48,270 --> 01:42:01,710 | until it formed. Maybe you watch live streamers, some of them don't live stream anymore, because he wrecked themselves. The ones that do it if they're |
| 560 | 01:42:01,710 --> 01:42:15,900 | impulsive, if they go in and try to overcome and do more than they're supposed to study them. If you know somebody that's like that, tell me who they are in a |
| 561 | 01:42:15,900 --> 01:42:21,870 | tweet to me. That way I can watch them and see, you know, I'm gonna, I want to I don't want to go there and troll and I'm asking none of you to go there and |
| 562 | 01:42:21,870 --> 01:42:33,660 | troll. But if it's someone that you see that is impulsive. That's a wonderful social experiment to study and observe them, not to bring hate on them, not that |
| 563 | 01:42:33,660 --> 01:42:41,910 | make them feel bad. That's not what this is. But if they're willing to put themselves out there like a fish in an aquarium for everybody to look at. That's |
| 564 | 01:42:41,910 --> 01:42:54,300 | a perfect experiment for you to see what not to do. And watch them feel the anguish and in struggle, trying to do something expecting some specific outcome |
| 565 | 01:42:54,420 --> 01:43:08,730 | that's never going to come. Because they're just reacting to price versus predicting price. I saw. I saw a tweet by guy. I'm not going to name him. We |
| 566 | 01:43:08,730 --> 01:43:21,540 | talked once. Not directly, but through online posts and such. He posted something to the effect that your job is not to predict the market but to react |
| 567 | 01:43:21,540 --> 01:43:32,280 | to price. Okay. That's some great a bullshit right there. And that's the reason why your results look like the way they do. And, sir, you know who I'm talking |
| 568 | 01:43:32,280 --> 01:43:42,150 | about? It's you. And I'm not going to try to say anything more than that. But you have to predict the price. You have to that's what every winning trader is |
| 569 | 01:43:42,150 --> 01:43:51,360 | trying to do. So how to fuck can you say your job is not to predict price? That's exactly what the fuck we're doing. That's like telling the football teams |
| 570 | 01:43:51,420 --> 01:44:02,730 | your job is not to go get touchdowns. What the fuck are we here for? I'm here to predict the future. We're here to predict the fucking future. You can think |
| 571 | 01:44:02,730 --> 01:44:11,490 | about what your fuck are you doing? You're trading futures for fuck sake. It's in the name. That's what you're doing. That's what the fuck we're doing. We're |
| 572 | 01:44:11,490 --> 01:44:23,430 | predicting the future. And when I say these people say your job as a trader is not to predict the future price movements. It's to be ready to react to price. |
| 573 | 01:44:24,000 --> 01:44:30,930 | How about FUCK IS THAT sound logic? That doesn't make any bit of fucking sense. It makes no sense at all. |
| 574 | 01:44:32,069 --> 01:44:43,919 | What the fuck? That makes no sense. And that's not the only person that said it. It's regurgitated. It's posted all the time and shit from people that know. |
| 575 | 01:44:44,099 --> 01:44:57,929 | Don't know what the fuck they're doing. How can you spend Seriously folks? Holy shit. How long does it How long did it take for you to see me calling these |
| 576 | 01:44:57,929 --> 01:45:05,819 | things before the fact to know that You know what, this ain't random anymore. And once you get to that point, okay, once you get to that point where you know |
| 577 | 01:45:05,819 --> 01:45:16,259 | it's not random and this shit is controlled? Does it make any bit of fucking sense to listen to somebody tell you or the world, tossing out an opinion into |
| 578 | 01:45:16,259 --> 01:45:31,349 | the abyss of the internet? Say, your job as a trader is not to predict price. It's to be ready to react to it. How can anybody that has spent any considerable |
| 579 | 01:45:31,349 --> 01:45:43,829 | time with me, proving what it is that I teach and show you what the real market is? How can anyone palate that? How can you accept that? Or even entertain it as |
| 580 | 01:45:43,829 --> 01:45:58,319 | a reasonable fucking consideration? For what we do? Nobody fucking can do that. Nobody Absolutely. would accept that. No, let me explain why that is perpetuated |
| 581 | 01:45:58,319 --> 01:46:18,179 | in this industry. This thought process is a very soothing excuse for why they suck. And there's no nice way of saying it. It's for people that don't know how |
| 582 | 01:46:18,299 --> 01:46:29,969 | to predict price. And it's a wonderful excuse for them to be able to lean on cozy up to and say, well, it's impossible to do anyway. So therefore, I |
| 583 | 01:46:29,969 --> 01:46:40,289 | shouldn't feel bad about it. You bought the hook, line and sinker that is in books, you can't predict price. No one can time the market. Well, I should |
| 584 | 01:46:40,289 --> 01:46:49,109 | change my motherfucking name to no one, because I'm proving it every fucking day. And guess who else is doing it? My fucking students. You're seeing them |
| 585 | 01:46:49,109 --> 01:46:58,829 | taking trades that I didn't talk about. But they're using the logic that I've taught. So guess what that means? All the other bullshit is horseshit. Great A. |
| 586 | 01:47:04,199 --> 01:47:13,889 | So, yes, our job is absolutely predicting price. But in the beginning, you don't know how to do that. So how do you protect yourself from it? You go in with baby |
| 587 | 01:47:13,889 --> 01:47:26,579 | steps. Gradually teaching yourself to trust your ability to do it. Also condition yourself. Building coping mechanisms for bad character flaws, |
| 588 | 01:47:27,239 --> 01:47:39,839 | impatience, impulsiveness, gambling. All those things that you don't think you have right now until you start pushing a button. And then you're gonna discover |
| 589 | 01:47:40,139 --> 01:47:47,189 | you're a fucking train wreck. You thought you had everything together? If you ever see those guys that go around on YouTube, but my wife shows me this stuff |
| 590 | 01:47:47,189 --> 01:47:55,949 | all the time. I don't entertain it myself. But she's she's a tick tock er girl, right? So she's fucking eats this shit up all day long. And I'm done. Like, do |
| 591 | 01:47:55,949 --> 01:48:03,809 | you feel your IQ drop in watching this shit? Like, I when you share some of this stuff? I literally feel like you fucking stole time from me. Like, what do you |
| 592 | 01:48:03,809 --> 01:48:10,979 | see an entertainment value in that it's dumb. But she shares this stuff with me. Sometimes she'll say, Look at this guy here. And they'll ask people, you know, |
| 593 | 01:48:11,129 --> 01:48:23,009 | how many states are in the United States? And so the answers are shocking. And it's like, what the hell? That's nuts. And there's another one. So they'll add |
| 594 | 01:48:23,009 --> 01:48:30,089 | he'll say, hey, look, I'm Oh shit. I lost my train of thought. Some of you probably know where I'm gonna go with this, but I lost my train of thought with |
| 595 | 01:48:30,089 --> 01:48:40,799 | it. Dammit, it will come back to me. Give me a second. Let me get a drink here. I think it's spring weather. By the way. I don't fucking drink alcohol. It seems |
| 596 | 01:48:40,829 --> 01:48:56,069 | goobers to think I'm drunk all the time. I'm just off the rails sometimes. Yes. But I'm not inebriated. I don't drink and I don't take drugs. So the man this |
| 597 | 01:48:56,069 --> 01:49:04,379 | guy, what does he do? He goes running ask people some shit. I don't know. I might not be able to come back. If I if I remember it. I'll tweet about it. I |
| 598 | 01:49:04,379 --> 01:49:15,779 | might even share a link to one of the videos. But oh yeah, that's what it is. Okay, thank you. He'll go out to a guy and say, Hey, look at this woman here. |
| 599 | 01:49:17,639 --> 01:49:28,559 | What would you rate her? 10 being extremely beautiful. And one being a grenade. What would you what would you say? And they'll say Oh, well, you know, I think |
| 600 | 01:49:28,559 --> 01:49:39,479 | she's a six. And sometimes these women are drop dead gorgeous, like beautiful. And they come up with some stupid shit. Like, oh, yeah, she's like a six, maybe |
| 601 | 01:49:39,479 --> 01:49:47,399 | six and a half and then he says okay, what would you rate yourself? Oh shit. I'm a nine. And they look like a buster. Like, they don't look like they even have a |
| 602 | 01:49:47,399 --> 01:49:57,839 | fucking job. They it's it's a mess. So they ended up taking that guy's picture and sharing it to another person and we think that this person and they're like, |
| 603 | 01:49:57,869 --> 01:50:10,469 | This guy's a bomb basically. You shouldn't be asking anybody out, right. And it's interesting to see what your perception is about yourself. Especially if |
| 604 | 01:50:10,469 --> 01:50:20,009 | you're opinionated about other people. And it's very much like a fucking Vinny where you're a little dick guy that runs around and thank you, you're a savage, |
| 605 | 01:50:20,009 --> 01:50:30,209 | and you can't do shit. And your opinion of yourself is gigantic, right? So you know, he packed and shipped downstairs, you don't have a giant p&l. And that's |
| 606 | 01:50:30,209 --> 01:50:37,229 | what's like, when you see these characters in industry, they go around with their ego, they go around saying how you should do things, but they bring |
| 607 | 01:50:37,229 --> 01:50:49,529 | nothing to the table showing what they can do at all, but failure, not doing well. And a spread bad advice. Bad advice. They don't have students that are |
| 608 | 01:50:49,529 --> 01:50:56,579 | killing it. They don't have profitable students, they don't have people proving it. Nobody's interviewing their students. Nobody's seeing anybody getting six |
| 609 | 01:50:56,579 --> 01:51:06,419 | figure withdrawals, and accounts and companies that are literally interviewing them. So when you listen to other people talk shit about you, our community and |
| 610 | 01:51:06,419 --> 01:51:18,239 | me and what it is I'm teaching. And if you entertain that, it gives you any negative feelings. You're not paying attention, because there's no reason for |
| 611 | 01:51:18,239 --> 01:51:31,169 | you even entertaining that bullshit. There's so much proof in here, you're drowning in it. It's intoxicating. It is a fucking cult of winning. But in the |
| 612 | 01:51:31,169 --> 01:51:40,169 | beginning, you can't appreciate that, because what are you doing? You're having that same complex that this gentleman highlights when he goes around asking |
| 613 | 01:51:40,169 --> 01:51:49,949 | other people? What do you think about this person here? What he's targeting is the ability for the human mind to look for the negative in any fucking thing. |
| 614 | 01:51:51,059 --> 01:52:02,999 | Toxic thinking in weak minded individuals, or ill prepared people, as traders, and everybody, when they first start are all ill prepared. But you don't know |
| 615 | 01:52:03,029 --> 01:52:12,689 | the level of toxicity in you until you start doing this. If you see somebody doing well, and you feel like, Oh, I gotta start talking shit about this person. |
| 616 | 01:52:13,709 --> 01:52:23,519 | Well, you're a little differently then. But if you look at other people, and they're doing well, and you don't feel like there's an issue, there's a problem. |
| 617 | 01:52:24,269 --> 01:52:32,339 | And you're like, wow, that person is really doing well. And even though you can't do what they're doing, you can't even do anything close to that. You can |
| 618 | 01:52:32,339 --> 01:52:38,039 | appreciate what they're doing. And think, you know, wow, that might be motivational for me to do that. Even though I can't do it. I don't feel like |
| 619 | 01:52:38,039 --> 01:52:48,149 | it's defeating for me to feel that way. Why? Because you're new. You're new edit. And so many, especially the young men, so many of the young men that come |
| 620 | 01:52:48,149 --> 01:53:00,629 | in this industry that follow other influencers that make it about image. Everything's got to be the new car. The nice cars, the I'm telling you. Having |
| 621 | 01:53:00,629 --> 01:53:09,749 | had lots of shit like that. It doesn't make you a better trader. And frankly, nobody gives a fuck once you show it. Once you show it, that's it. You're done |
| 622 | 01:53:09,749 --> 01:53:18,899 | shot your wad it's done. What are you going to do? Be Seen in and again with a different haircut? They've already seen. Okay, so what you got a car? Big deal? |
| 623 | 01:53:19,709 --> 01:53:27,899 | What do you been doing your trade, show me your Live account trading? Show me over a chart. While it's taking real time when I'm watching it, show me what the |
| 624 | 01:53:27,899 --> 01:53:37,439 | markets going to do. Tell me what it's going to do. And unfortunately, that's the stuff that never fucking happens. And that's where I live. That's my fast |
| 625 | 01:53:37,439 --> 01:53:45,599 | lane. I'm taking you in there doing that. But I also know as your mentor, that you're going to have problems in the beginning, you're going to discover things |
| 626 | 01:53:45,599 --> 01:53:55,829 | about yourself that you are not going to like and you're going to impulsively because you're not disciplined. You're not going to have the impulse of a |
| 627 | 01:53:55,829 --> 01:54:06,599 | professional Where is okay, I'm in a market environment. Now that is not conducive for high probability. So I'm going to impulsively remove myself. |
| 628 | 01:54:07,409 --> 01:54:17,399 | Because my training tells me to do so not run away in fear or not roll the dice and see what happens. Which is predominately what everybody does. That's the |
| 629 | 01:54:17,399 --> 01:54:26,429 | demo disease. Okay. Push the button, see what happens. Push the button, see what happens. In the beginning, you're going to be a train wreck when you discover |
| 630 | 01:54:26,459 --> 01:54:36,029 | what you have as character flaws. Nobody has ever started this industry ever, ever. Never happened. It's never ever happened. It's never happened, where |
| 631 | 01:54:36,029 --> 01:54:45,839 | somebody walked out here. Got it all right from day one, and never had hardships or had to wrestle with internal conflicts with what they are as a trader with. |
| 632 | 01:54:45,839 --> 01:54:55,139 | They're not as a trader. They don't they don't have a person out there in the industry that's like that. Everybody comes in here, and they're all we are all |
| 633 | 01:54:55,169 --> 01:55:05,219 | that ties in the fire. And that is going to be pain. It's going to be lost. It's going to be frustration. And guess what folks? Listen, friends and neighbors. |
| 634 | 01:55:05,369 --> 01:55:16,949 | That is absolutely part of this. And that's why I never make any sugarcoating about it. I want you to know that's coming. Because that way you're prepared to |
| 635 | 01:55:16,949 --> 01:55:27,299 | number one, identify it when it does. And then you have to do certain things to wrestle it, and subdue it, because it will undo you. I don't go out there and |
| 636 | 01:55:27,299 --> 01:55:39,449 | say, go out there and try to go for 10 handles a day. That's unrealistic. I tell you to look for one, five handle move. That's what you're looking for. In |
| 637 | 01:55:39,449 --> 01:55:49,499 | hindsight, by doing that, every single day, you're conditioning your eye to see it. It's the same thing that happens when you go out and buy a car. Oh, I got |
| 638 | 01:55:49,499 --> 01:55:57,359 | this car. It's such a pretty blue color. And nobody's ever got a car. That's this color in my neighborhood. And all of a sudden, soon as you buy you drive |
| 639 | 01:55:57,359 --> 01:56:06,299 | home on your way home. You don't seem 17 at the same fucking car. Just like everybody went out there that day and bought your fucking car. How did that |
| 640 | 01:56:06,299 --> 01:56:17,159 | happen? How the fuck did that just happen? It didn't just happen. What you just did was you opened up and activated your reticular activating system. So now, |
| 641 | 01:56:17,309 --> 01:56:27,269 | your subconscious that was filtering all that stuff out before. Because it didn't matter that that car was owned by other people, you went to the lot, you |
| 642 | 01:56:27,269 --> 01:56:35,759 | saw it, oh, I got to have that car. It means something to you. Now. It resonates with you. It's something that is part of you. |
| 643 | 01:56:37,020 --> 01:56:47,250 | So it should come to no surprise, when every time you walk around, you see your car, because it means something you have adopted that as something meaningful to |
| 644 | 01:56:47,250 --> 01:57:00,000 | you? Well, when I tell you to look at hindsight, and that test, and study old data, looking for shit. And I tell you to pause the video, look, look through |
| 645 | 01:57:00,000 --> 01:57:07,680 | price and tell me what you see, when you're not that I tell you tell me what you see, but annotate what you see in your log in your journal. When you do that, |
| 646 | 01:57:07,680 --> 01:57:15,720 | what you're doing is you're activating your reticular, reticular activating system. And when you do that, what you're doing is you're inviting your |
| 647 | 01:57:15,720 --> 01:57:28,140 | subconscious to draw on to something that is meaningful to you. What does that I'm teaching you fair value gaps. He is the most visually identifiable thing in |
| 648 | 01:57:28,140 --> 01:57:39,210 | price action, apart from relative equal highs and relative equal lows. So in, in short, really, you can just trade with just that. They're the two, they're the |
| 649 | 01:57:39,210 --> 01:57:47,550 | two most important, visually pleasing, easy to find. Jump on the chart real quick. Any timeframe, you're Iowa rates, the relative equal highs relative equal |
| 650 | 01:57:47,550 --> 01:57:54,930 | lows. And if they're superior back, yep, in in the middle of it. And you know, there's likely to go up there. Well, you can buy the fair value gap and ride it |
| 651 | 01:57:54,930 --> 01:58:01,080 | up to the relative equal highs. There's your model right there. It's done. I just gave it to you. And it costs you nothing. Probably some of you never even |
| 652 | 01:58:01,080 --> 01:58:11,760 | thought about you're like now Oh, man. I never thought about like that. Yes, it's just like that. But when you don't go through Oh, data, and you just binge |
| 653 | 01:58:11,760 --> 01:58:22,500 | watch my videos, and you're not pouring yourself in charts, spending time, literally every single day, looking through charts, studying how these other |
| 654 | 01:58:22,500 --> 01:58:29,910 | moves, that you can't make money or lose money, and everybody else is going to tell you it's a waste of fucking time. They're the same people that will not be |
| 655 | 01:58:29,910 --> 01:58:42,270 | trading with my funds six months later. There's a lot of bad advice in this industry. A lot of bad actors, a lot of just a lot of chat asses, man. And I'm |
| 656 | 01:58:42,270 --> 01:58:52,590 | sorry. I'm sorry. It's harder for some of you. I'm sorry. But it wasn't easy for me in the beginning, I just been doing a whole lot longer. I know what works. |
| 657 | 01:58:53,040 --> 01:59:00,840 | And I'm telling you, if you listen to the shit I'm telling you to do and avoid the things I'm telling you to avoid. You will save yourself a whole lot of time. |
| 658 | 01:59:01,830 --> 01:59:14,370 | And be accepting, be flexible. Give yourself permission to take up to this year and maybe in the next year to get it for some of you. If you give yourself a |
| 659 | 01:59:14,370 --> 01:59:23,880 | broad timeline with no definitive, I got to know it by this time. You know, in a lot of ways I regret having told you that my last livestream is going to be the |
| 660 | 01:59:23,880 --> 01:59:37,020 | second Friday of November, because it kind of pushed the envelope on pressure. Like now you have to by this date, I gave you a deadline. When I teach you don't |
| 661 | 01:59:37,020 --> 01:59:45,180 | have a deadline. I didn't tell you that so that way you can be fearful of it. I've told you that so that way, when I get to that point, I say I'm stopping I |
| 662 | 01:59:45,180 --> 01:59:55,170 | can say remember I told you because that's just the way it is. I got to have a have an exit clause here. Okay, when when I'm gonna leave why I'm leaving and |
| 663 | 01:59:55,170 --> 02:00:03,600 | why it stopped. It wasn't because somebody ran me off the fucking internet. It wasn't because you know I'm locked up, it wasn't because I'm in the poor house, |
| 664 | 02:00:03,690 --> 02:00:11,700 | it's because Michael is going back to fucking doing the book Michael does, okay, which is be Michael. And I've spent a lot of time if I do this every week, every |
| 665 | 02:00:11,700 --> 02:00:25,200 | day, I'm investing a lot of time in all of you. And it's your job to do all the work in between, which is a lot. It is. And I saw a guy saying, Listen, man, I |
| 666 | 02:00:25,200 --> 02:00:36,990 | love what you do. But listen, you know, you're doing these Twitter spaces, and you only give like 30 minutes of applicable information. And we got to sift |
| 667 | 02:00:36,990 --> 02:00:45,900 | through all that stuff. Listen, kindly, sir, please. Don't send me shit like that, because that's the kind of stuff I block. Because you're basically you're |
| 668 | 02:00:45,900 --> 02:00:56,670 | saying, my time investing into you telling you all these things, you can't be successful. If you just know, the concepts of getting in, where to put a stop |
| 669 | 02:00:56,670 --> 02:01:05,010 | loss, all that other stuff. Because if it was just that easy, I can do that in a book, and you won't make money with it. I can do that in a video because I've |
| 670 | 02:01:05,010 --> 02:01:14,490 | already done it. And you're not making money yet. Because that's not all that is required. You have to understand the person that's in you that's going to |
| 671 | 02:01:14,490 --> 02:01:27,630 | absolutely fuck this up for you. I'm sorry. But that's the reality. We're not always going to be prepared for doing difficult things. And this is one of the |
| 672 | 02:01:27,630 --> 02:01:38,010 | most difficult things on this fucking planet. you're wrestling with yourself in an industry that's designed to take your ass the fuck out. You're not supposed |
| 673 | 02:01:38,010 --> 02:01:50,370 | to make money here, man. You're not. It was not created for everybody to walk in here. And just know what's going on and make money it was designed for PT Barnum |
| 674 | 02:01:50,370 --> 02:02:00,480 | said it perfectly. The sucker. They're suckers born every day. And they come in here looking for animal patterns and bullshit Mickey Mouse things that tells |
| 675 | 02:02:00,480 --> 02:02:08,460 | them it's going to go up because moving averages across the river, and they lose their ass. And they get mad and think, Okay, I didn't do it right that time. And |
| 676 | 02:02:08,460 --> 02:02:19,470 | he push and push and push, and they lose their ass again, not realizing that the market doesn't respect any of that bullshit. And they have a strong opinion view |
| 677 | 02:02:19,950 --> 02:02:31,320 | about how they won't ever submit to somebody else's stuff when the other stuff is absolutely what's going on. They become absolutely toxic to themselves, and |
| 678 | 02:02:31,320 --> 02:02:41,010 | anybody else that listens or looks at them. And then these have happened all the time. I've had Denise on America Online. Okay, I've had those kinds of creepy |
| 679 | 02:02:41,010 --> 02:02:53,460 | bitches, okay. They're just, they're weak people weak. And you're going to have them too. If you go out there on social media, you make yourself known. You're |
| 680 | 02:02:53,460 --> 02:03:02,910 | going to do something, and you're going to be consistent doing this. And you're going to rub all kinds of people wrong, because they can't do it. And little bit |
| 681 | 02:03:02,910 --> 02:03:11,970 | complexes are going to materialize and men, rarely we ever see a woman come out there and start talking shit unless it was talking options lady. And she got |
| 682 | 02:03:11,970 --> 02:03:19,230 | real quiet when I said let's go in. So let's start showing some daily. Let's look at the statements. Let's do it, let's call it live. She just dropped off |
| 683 | 02:03:19,230 --> 02:03:34,200 | the face of Europe. Men are the ones that do it. Because it's ego, it's pride. It's the caveman mentality. And when you're young, you all the younger men, you |
| 684 | 02:03:34,200 --> 02:03:43,980 | all want to do that. Because you think that's what this is about. And what you're trying to turn trading into is image based, image based, worship me to |
| 685 | 02:03:43,980 --> 02:03:55,320 | give me attention because you need to feel what, like I have always wanted to feel. I wanted to have affirmations given to me from my grandfather. I can't get |
| 686 | 02:03:55,320 --> 02:04:05,730 | that. So I pursue things to try to give me that high that I'd never got from hearing it from my grandfather. I wanted that man's approval, and I can't get |
| 687 | 02:04:05,730 --> 02:04:18,600 | it. So I do everything in life, trying to constantly seek the affirmations that what I'm doing is above grade everything. And anybody that spends time with me |
| 688 | 02:04:18,630 --> 02:04:27,780 | really rolls her sleeves up. That's the common denominator responses. This is next level shit. And I know that I know that. And when I see you succeed, and |
| 689 | 02:04:27,780 --> 02:04:40,380 | when I see you succeed, and I see others that are among you in this community succeeding it's thrilling to me. It's, it's very satisfying. Like I love that |
| 690 | 02:04:40,380 --> 02:04:51,570 | you're finding yourself in this. I love it. And while you're doing it and you second guess yourself, it's like watching my children learn how to walk. And |
| 691 | 02:04:51,570 --> 02:05:01,140 | some of you are older than me, but it has that same effect. Like I am emotionally committed to you. I am 100% committed to you I've given you my |
| 692 | 02:05:01,140 --> 02:05:05,190 | entire year, every single day, I'm giving you myself |
| 693 | 02:05:11,909 --> 02:05:25,889 | fuck are you gonna keep driving? Bongo rolled up next to me, you make these drafts beat my finger. So I'm pouring myself into a car ruin that moment I was |
| 694 | 02:05:25,889 --> 02:05:37,139 | up, we had a really nice moment there. That's where I would have been editing it out. I wouldn't be recording videos, obviously in my vehicle. But I'm giving you |
| 695 | 02:05:37,139 --> 02:05:45,629 | something that no other mentor would. Number one, I'm doing it for free. And I love the fact that it's for free. Because no one's gonna be we'll talk shit |
| 696 | 02:05:45,629 --> 02:05:56,009 | about it, too, are you now I'm gonna make masters this year, like I'm gonna make ridiculous money making motherfuckers. And I can't wait. I can't wait. But I |
| 697 | 02:05:56,009 --> 02:06:07,919 | don't want you to fuck it up. I don't want you, you, the person that doesn't know quite well, how well you can fuck it up for yourself. So you have to listen |
| 698 | 02:06:07,919 --> 02:06:19,649 | to these conversations. It's meant for you to avoid the things that I and other people fucked up doing. You're gonna fail deal and things that you don't see |
| 699 | 02:06:19,649 --> 02:06:30,329 | coming. It's going to come out of left field. Oh, man, I didn't realize I was going to do that was so dumb. Right? Right. And I'm telling you all those |
| 700 | 02:06:30,359 --> 02:06:42,689 | pitfalls, their SNAP that they're snares is going to snap over you and take you by surprise. You're not going to realize it until it's too late. Without knowing |
| 701 | 02:06:42,689 --> 02:06:49,799 | beforehand, which is why I'm talking to you in these lectures like this. When I gave you the things to think about going into a Be aware that this is what |
| 702 | 02:06:49,799 --> 02:07:03,119 | typically will happen. Some people feel these things these flaws will manifest themselves. In men, it's usually all image based. Olympic size feats. Big money |
| 703 | 02:07:03,119 --> 02:07:17,639 | only is the thing that works best. Big p&l, no steady p&l, not wicked drawdown in max loss days. That's what you want to avoid that. But you get that if you're |
| 704 | 02:07:17,639 --> 02:07:28,229 | trying to always swing for grand slam home runs. And if you don't have to fucking trade well, and you don't know sniper precision. You can't reasonably |
| 705 | 02:07:28,229 --> 02:07:38,399 | expect to do grand slam home runs day in and day out and let the market just hand you windfall victories like that. It doesn't make sense. And to hear people |
| 706 | 02:07:38,399 --> 02:07:50,219 | teach that, that that's a practical or try to showcase that as this is why you should be mentored by me. That's stupidity. That's asked backwards, you need to |
| 707 | 02:07:50,219 --> 02:08:00,059 | go in respecting risk. identifying risk, not just mentioning in passing, but let me demonstrate what you should be doing and then failing and doing it or never |
| 708 | 02:08:00,059 --> 02:08:07,799 | showing it at all, like with the majority of these people out there to try to promote the idea that they're consistently profitable. They're, they're |
| 709 | 02:08:07,799 --> 02:08:16,949 | precision oriented. But they won't show you they knew how to do that. Which for me is very frustrating, because it sounds like there's a whole lot of me out |
| 710 | 02:08:16,949 --> 02:08:26,699 | there. But I can't see it. And I want to I love it. I don't care who you are, if you can do it. Well, I'd love to watch it. And I don't go on these other |
| 711 | 02:08:26,699 --> 02:08:36,059 | streamers and talk shit to them. I'm very supportive. And if you start live streaming, I can't wait. I would love to be in your audience sale. I'm surely |
| 712 | 02:08:36,089 --> 02:08:47,939 | you want to. I love this industry. I love when people have the courage to go out there and do it in front of other people. And if they can do it well. Wow. I'm |
| 713 | 02:08:47,939 --> 02:08:57,569 | not a sports fan. You know, I mean, like, I watched the Super Bowl, just the last one here. And I'm not sure if it's like that all the time. But the last |
| 714 | 02:08:57,599 --> 02:09:06,779 | Super Bowl, I heard there was like a whole lot of shit that people didn't like. And I thought it was kind of like, well, what I expected boring and wasn't all |
| 715 | 02:09:06,779 --> 02:09:21,179 | that there was a good game between. But I'm not a sports fan. But with trading. Like I'd watch anybody trade. To me. It's fascinating. It's like, it's not to |
| 716 | 02:09:21,179 --> 02:09:29,699 | me, it's to me, it's not like golf. Golf makes no fucking sense why anybody would play that. It's beyond me. But people watch that shit. And they stand |
| 717 | 02:09:29,699 --> 02:09:37,559 | around and follow this guy walk around hitting his ball in this fucking hole, which to me, I'm sure it takes a great deal of skill but I got better shit to |
| 718 | 02:09:37,559 --> 02:09:44,249 | do. I ain't gonna be doing that. I can see how people can appreciate watching football having watched the full game for the first time in my life and past |
| 719 | 02:09:44,249 --> 02:09:50,879 | Super Bowl just happened. It was entertaining going back and forth. I was like when I was just kind of like watching a chess game between really good players. |
| 720 | 02:09:51,359 --> 02:10:01,349 | Well, you just did this or I did that you did that while do this. It was good. I'm not gonna be a football fan now. Fuck no. But With trading, I could watch |
| 721 | 02:10:01,349 --> 02:10:14,639 | that with anybody because why? It means something to me. Just like when I tell you, as a new student, to go through old price data, look at those moves, study |
| 722 | 02:10:14,639 --> 02:10:25,649 | it, what do you see that pops off the chart to you with what I'm teaching you, you may not know how to see it live, you may not be able to call it live, engage |
| 723 | 02:10:25,649 --> 02:10:33,119 | it and trade. And that's, that's what's happening right now for a lot of you, you're watching me teach on something, we've been going for a couple of weeks, |
| 724 | 02:10:33,119 --> 02:10:42,509 | maybe a month or so if you consider the beginning of the year in January. And you're complaining in your tweets that, oh, I missed this setup, I was gonna |
| 725 | 02:10:42,509 --> 02:10:52,199 | push the button and trade. First of all, you're you're wrecking yourself right there, because you were told not to trade. You can't learn this trading. You |
| 726 | 02:10:52,199 --> 02:11:01,079 | have to learn this, when there's no money, not even a demo, your reading price, you're getting to the point where you're having that same experience where |
| 727 | 02:11:01,499 --> 02:11:08,729 | anytime you look at the chart, it's like seeing that car you just bought your eye goes right to it. You can't, it's not like you're looking around for your |
| 728 | 02:11:08,729 --> 02:11:17,759 | car that you just bought, your eye just jumps to it. Why? Because you've conditioned yourself to look for it, you have identified that as a pattern. It's |
| 729 | 02:11:17,759 --> 02:11:25,289 | a point of interest that is meaningful to you, because you keep looking at old moves. And because you've done that you've conditioned yourself like a weight |
| 730 | 02:11:25,289 --> 02:11:33,929 | trainer, you keep you keep working your arms with heavy weights and you're eating well, it's gonna grow a larger muscle. Well, your attention to detail. |
| 731 | 02:11:33,959 --> 02:11:44,279 | And the details are what I'm teaching you these elements, these PD arrays, it doesn't matter which one I love. It doesn't matter which one I'm using today, |
| 732 | 02:11:44,279 --> 02:11:53,279 | next week, going forward for the rest of the year. It only matters which one that you like, which one makes the most sense to you. The first one that you can |
| 733 | 02:11:53,279 --> 02:12:03,299 | see easily in the chart. And it might not be the fair value got it to me, it's the easiest one to see and spot. But it might not be for you, you might see a |
| 734 | 02:12:03,299 --> 02:12:14,909 | breaker, it just makes perfect sense to you. And guess what that means you're going to trade breakers. It doesn't mean it's inferior or superior to any other |
| 735 | 02:12:14,909 --> 02:12:26,489 | one. So many times traders will ask me, you know, what's your favorite setup? The one I'm getting in? I have lots of them. The one I'm gonna fucking get the |
| 736 | 02:12:26,489 --> 02:12:35,429 | outcome I'm looking for right now. That's the one I liked the most. Next, the next trade I'm in. That's the one I love the most. I have lots of them. And I |
| 737 | 02:12:35,429 --> 02:12:44,789 | try not to build the case for this is my favorite setups because as soon as I say that, the celebrity complex that comes over people when I'm just an average |
| 738 | 02:12:44,789 --> 02:12:55,889 | guy, dude, I'm there's nothing literally nothing celebrity about me. It's I just know this stuff. And when you asked me what my favorite is, I know why you're |
| 739 | 02:12:55,889 --> 02:13:05,279 | doing that. It's the same reason why I was wishing I could reach out to Larry Williams and say, which one of these trades Would you like doing the most? I |
| 740 | 02:13:05,279 --> 02:13:14,519 | just asked that of Linda Raschke on Twitter. I'm not sure she responded to me be honest with you. If she did, I didn't see it. But I'm gonna go check my tweets |
| 741 | 02:13:14,519 --> 02:13:22,019 | and see if she responded. I know some guy did. He provides it. Here's here's a video where she talked about this or that I was kind of accident, hoping he |
| 742 | 02:13:22,019 --> 02:13:30,629 | would respond. But if she didn't, well, whatever. But I asked her specifically I said, you know, if you had to only trade one setup, and you can only trade one |
| 743 | 02:13:30,629 --> 02:13:41,699 | setup the rest of the fucking time you're on this planet. What would it be and why? I'm not sure if I asked for wet market. But that was a question I wanted to |
| 744 | 02:13:41,699 --> 02:13:53,939 | ask Larry Williams, like, if you had to only pick one setup. That was your go to you couldn't do anything else. You know, me, if you were to ask me that right |
| 745 | 02:13:53,939 --> 02:14:01,889 | now I can tell you what that is. And know that what I'm about to say? For some of you ain't gonna make any bit of circumstance. You're like, oh, how does that |
| 746 | 02:14:01,919 --> 02:14:10,319 | and you're gonna see people tweeting? Can someone send me the video where ICT talks about? It's gonna happen? Don't think that this is the best thing for you. |
| 747 | 02:14:11,009 --> 02:14:23,759 | It's not. Not all it isn't. But for me, if I had to only trade one setup, and I had to wait for it. And it had to be there in a chart where I did nothing. I |
| 748 | 02:14:23,759 --> 02:14:35,999 | would be trading the second stage distribution in my market maker sell model or my second stage accumulation in my market maker bimodal. And that literally is |
| 749 | 02:14:35,999 --> 02:14:46,259 | taught in the core concepts like it's there. I'm not going to say exactly that. But it's the second stage distribution |
| 750 | 02:14:47,520 --> 02:14:56,340 | of either re accumulation for Long's or redistributions for shorts. So I'm looking for a market that's really designed to go lower. Everything's in my |
| 751 | 02:14:56,340 --> 02:15:07,680 | favor. And it's a clear market maker pattern. where it's gonna go lower is gonna go higher. And those moves are the quick sudden runs real quick, it's always |
| 752 | 02:15:07,680 --> 02:15:16,290 | going to be a low resistance liquidity run, which is why I'm saying that will be my new drug of choice, if I'm gonna be saying it like that, I'm gonna get my |
| 753 | 02:15:16,290 --> 02:15:25,950 | high off of that one. And it happens every single week. And it sets up as a one shot one kill. So it would allow me to do whatever I wanted to do with it, if I |
| 754 | 02:15:25,950 --> 02:15:33,750 | want to scalp it and get little pieces of it. Or if I want to run the whole thing, and get a whole month's worth of income, it can come from that one setup. |
| 755 | 02:15:34,320 --> 02:15:42,570 | So it can give me whatever I want from it. It could be the one set up for the week, it could be the one set up for the whole month, it could be a training |
| 756 | 02:15:42,750 --> 02:15:53,250 | exercise for me to hone my skills on the 15 second chart and just pyramid the fuck out of it. While it's running. That's, that's my, that's my unicorn. That's |
| 757 | 02:15:53,250 --> 02:16:03,420 | my setup. That's the thing that if I had to only do one thing, it's that. But clearly, you can see I have other things I can do. And what does that mean? I |
| 758 | 02:16:03,420 --> 02:16:11,970 | can do whatever the markets providing me an opportunity and right now, my market might be choppy. But if it's if it's choppy was that mean? You know, I got to do |
| 759 | 02:16:11,970 --> 02:16:21,480 | something else outside that one. Now, can I trade five handles in choppy s&p market? Yes. But what happens if that choppiness is in dollar and you're a forex |
| 760 | 02:16:21,480 --> 02:16:30,480 | trader, your mind should jump right to the crosses that are non dollar, because they're going to go crazy. Whenever the dollar is consolidating, look at |
| 761 | 02:16:30,480 --> 02:16:41,220 | Tuesday, and Tuesday, we had what really big runs with weak currencies against the strong currencies that we're not having the dollar in the in the pair name. |
| 762 | 02:16:43,110 --> 02:16:57,030 | And they had really wide runs and several handles or I'm sorry, several 100 pips in some of the moving a lot this week, based on that consolidation in dollar. So |
| 763 | 02:16:57,030 --> 02:17:05,940 | that's the reason why it's important for you to understand that there are many ways to take cells out of the marketplace. But you also have to have a macro |
| 764 | 02:17:05,940 --> 02:17:15,360 | understanding of what causes these markets to have the disparity between them. Because you need to have the disparity to have what movement and without |
| 765 | 02:17:15,360 --> 02:17:25,500 | movement, we can't profit, unless you're right in options. And we're not doing it here. So we need movement. As a intraday speculator, as a short term trader, |
| 766 | 02:17:25,530 --> 02:17:35,640 | we have to have movement. So I'm teaching you to number one, identify where that movement is going to be in the greatest probability, is it going up or down? And |
| 767 | 02:17:35,640 --> 02:17:44,910 | then waiting time of day? What time of day, should it do that? Well, that's the times I tell you to follow the marketplace. What happens on the day of the week |
| 768 | 02:17:44,910 --> 02:17:52,440 | that it's most likely provide that you're looking for higher and higher medium impact news events, because that's where it's going to be highly manipulated, |
| 769 | 02:17:52,710 --> 02:18:01,680 | we're waiting for those opportunities where the market just wonderfully invites the retail trader to step into a snare. That's why we're waiting for those high |
| 770 | 02:18:01,680 --> 02:18:13,710 | impact or medium impact news driver days, not FOMC, not CPI, but anything else. They're not not prepared either. But any other event, medium or high impact. We |
| 771 | 02:18:13,710 --> 02:18:24,870 | love those days. We love those days, because we know the retail trader is about to get sacrifice on the altar of trading. And you can have a moral dilemma with |
| 772 | 02:18:24,870 --> 02:18:33,750 | that. If you want, I don't have a more than that, because I paid my dues. Everybody is a card carrying loser when they come in this industry. That's just |
| 773 | 02:18:33,750 --> 02:18:42,330 | the way it is. And the smart ones learn how to lose professionally, the rest of their life. They manage losing. That's what consistently profitable trading is. |
| 774 | 02:18:42,690 --> 02:18:54,660 | Every profitable student, every profitable trader, every profitable, speculator is a professional loser. They know when to take their losses because their |
| 775 | 02:18:54,660 --> 02:19:03,660 | winners are going to run. They're going to let them do that. The people that don't survive in this industry are the ones that are trying to be professional |
| 776 | 02:19:03,690 --> 02:19:14,010 | winners. And that's the only thing they expect. And by default, they lose and they end it for themselves. They really lose, they lose her account, they lose |
| 777 | 02:19:14,010 --> 02:19:23,850 | the ability to trade and speculate because they lose her mind. At some point, you might have a lot of money. You might have a lot of money. So you know what |
| 778 | 02:19:23,850 --> 02:19:31,410 | if I blow a couple accounts, it's okay. If I blow these funded accounts, all I gotta do is reset. Okay. For some of you, there's going to be a time where |
| 779 | 02:19:31,440 --> 02:19:37,980 | you've done it too many times now. And you know, it's just, it's a waste. You want it so bad, but you can't do it. And you won't spend any more money on it. |
| 780 | 02:19:38,010 --> 02:19:45,930 | You just won't. And they sometimes are the people that are begging people buy me up on that account. I know there's people that that can't afford it. But there |
| 781 | 02:19:45,930 --> 02:19:54,690 | are some that just can't bring it to themselves to pay for one more because they know what they're going to do with it. And then you've got like a drug addict. |
| 782 | 02:19:54,930 --> 02:20:00,000 | Come on, man. Come on, man. Give me a bump. Cool, man. Give me some spare change. I'm gonna get on the bus. What you're doing is you're tracking this |
| 783 | 02:20:00,000 --> 02:20:10,650 | crashing get another dose of heroin. You're an addict, the wrong kind of addict. Around here, we're gonna have Fox. Well, it's not a woman I'm talking about |
| 784 | 02:20:10,650 --> 02:20:17,190 | either. I'm talking about a four legged animal. Wow. That's pretty |
| 785 | 02:20:22,380 --> 02:20:35,280 | let me enter what I was saying. But anyway, it's 20 minutes after 10 I've been going for almost two and a half hours, half bucket list and 1030 rounded. I've |
| 786 | 02:20:35,280 --> 02:20:51,480 | got 11 more minutes, right. So I'm hoping that in all this rambling tonight, I'm reaching some of you because the things I put you through and studying and |
| 787 | 02:20:51,510 --> 02:20:58,560 | observing things, I know what you want, you want me to tell you the trades that are moving and get you into it. So you can make money because you think that's |
| 788 | 02:20:58,560 --> 02:21:08,310 | what you need. And I want you to be able to do this when I'm not here. And the only way that's going to happen is to teach you the proper way of doing it. And |
| 789 | 02:21:08,310 --> 02:21:16,620 | also put you in the charts for homework. Your homework is every day back testing and looking back testing isn't necessarily my version of back testing is not |
| 790 | 02:21:16,620 --> 02:21:31,920 | equivalent to what everybody else talks about. Back testing is a casual view of previously traded price data that you can't participate in. Okay, mock trading |
| 791 | 02:21:32,640 --> 02:21:43,650 | is going back to those moves and Market Replay, maybe a simulator or something like that. That's mock trading. There's a place for that. But my point of back |
| 792 | 02:21:43,650 --> 02:21:55,140 | testing is, is there validity behind the setups I'm telling you to look for? And where does your I gravitate to? So you're back testing the repeating phenomenon |
| 793 | 02:21:55,320 --> 02:22:04,050 | of a individual pdra. So you go through the process of going through old data and say, Okay, I'm going to look for breakers, how many times does a breaker |
| 794 | 02:22:04,050 --> 02:22:17,190 | form on what timeframe over the course of the last 16 weeks, last 12 weeks, okay. And you look at how much time it took for that market to deliver to a |
| 795 | 02:22:17,190 --> 02:22:26,310 | level that I teach you to look for. So if you're going short, you're going to reach into a discount array, or low for a sell side, or old imbalance below |
| 796 | 02:22:26,880 --> 02:22:38,070 | whatever the equivalent would be for the Ranger and vice versa. If you're going long. And you're going through and you're writing down a list of how many you |
| 797 | 02:22:38,070 --> 02:22:47,700 | see how much movement there was how much drawdown there was. And when you're doing that, what are you doing? You're, you're drawing up an affinity for that |
| 798 | 02:22:47,700 --> 02:22:54,420 | pattern, because you're spending time looking at it. Just like when you're at the car lot. And you walked around, you saw all those dogs have a car, and you |
| 799 | 02:22:54,420 --> 02:23:04,200 | saw that one that just had to go home with you. That was the one well, you're you're doing that you're walking around that car lot by looking at these old |
| 800 | 02:23:04,200 --> 02:23:15,480 | price data. And you're gonna find that just beautiful cherry of a drive. You just want to have that one ticket home. And yes, it breaks your heart if |
| 801 | 02:23:15,480 --> 02:23:23,520 | somebody says it's ugly, but fuck them. You love it. It's your car. Well, that's the same thing. What your trading pattern? Everybody's going to have an opinion |
| 802 | 02:23:23,520 --> 02:23:30,210 | about it. Oh, it's stupid. This is so much better. I make more money than this, but they ain't ever going to show you that. Bottom line is everybody's got an |
| 803 | 02:23:30,210 --> 02:23:39,090 | opinion. Like to have an asshole. Who cares? Nobody gives a fuck do you ask them, don't ask them. Don't let anybody give you any input either. Which is why |
| 804 | 02:23:39,090 --> 02:23:49,350 | your trading journal is should not be on social media. But many of you treat Twitter, Instagram, all that shit as your trading journal, and you're inviting |
| 805 | 02:23:49,830 --> 02:24:04,440 | toxicity. Don't do those things. Don't do those things. Because the only thing you're doing by doing that is inviting somebody else that is asked tore up. They |
| 806 | 02:24:04,440 --> 02:24:15,390 | have no profitability. They have no clout, they have no following. They have no happiness, they're miserable pieces of shit. And they want nothing more than to |
| 807 | 02:24:15,390 --> 02:24:26,340 | make you feel miserable too. And they'll love doing it. So don't invite that. Don't allow for it. Keep the focus on the things I'm telling you to do, which |
| 808 | 02:24:26,340 --> 02:24:33,840 | are boring in the beginning. But I promise you if you go through the process of looking at old data, and once you find that thing that makes the most sense to |
| 809 | 02:24:33,840 --> 02:24:40,470 | you What thing is that it might be the fair Vega, it might be the breaker. It might be the optimal trade entry. It might be institutional order flow entry |
| 810 | 02:24:40,470 --> 02:24:52,500 | job, it's whatever pattern that your personality aligns with. And you can make money with that one thing and never do anything else with the shit I taught. |
| 811 | 02:24:55,860 --> 02:25:12,210 | think Bob Ross He did most of his painting with the big brush, the small fan and a little detail pen, not pen but detailed brush. He had lots of brushes. But |
| 812 | 02:25:12,210 --> 02:25:23,970 | most of the his work was done with those three particular brushes. Go to an art store, there's an arsenal of brushes, I couldn't tell you what the hell those |
| 813 | 02:25:23,970 --> 02:25:34,140 | things are for, I'm sure their specialty for something. But imagine that brush is your pdra, it does a specific thing, you only need one thing to do a specific |
| 814 | 02:25:34,140 --> 02:25:41,910 | thing, which is what profit, you have to have a multiplier reason to get in what's the catalyst that puts you into a trade. That's all you're looking for in |
| 815 | 02:25:41,910 --> 02:25:51,660 | the beginning. But you have to decide what that is, I can't push that on you. Which is what everybody fucking does in their other shit. Here's my Mac B, |
| 816 | 02:25:51,690 --> 02:26:00,600 | here's my settings from my moving average averages. This is the harmonic pattern. This is the thing that is going to overlay above the highs and below |
| 817 | 02:26:00,600 --> 02:26:09,150 | the lows, it's going to tell you to be a buyer or seller that's pressing you into a mold. You don't know the logic behind some of that shit that that's being |
| 818 | 02:26:09,150 --> 02:26:17,010 | utilized. You don't know what's making it do it. So how can you trust it? You can't build an affinity like you when you go to a car lot and you buy a car and |
| 819 | 02:26:17,010 --> 02:26:23,250 | you drive off, you have an affinity for that car, you're driving it, it means something to you, you can see it everywhere. Now. You think everybody's driving |
| 820 | 02:26:23,250 --> 02:26:33,450 | your car. You come up to the grocery store, and you think that someone moved your fucking car, it's just somebody else bought that same car, your your |
| 821 | 02:26:33,450 --> 02:26:43,890 | attention span is dialed on that one thing, it means something to you, you need to make this be meaningful to you. I can't do that by talking to you in a video. |
| 822 | 02:26:44,640 --> 02:26:53,880 | I can't do that by me trading, the setups, it might be entertaining, I may have a good choice of music when I'm sharing it, that's fine. I might not the music |
| 823 | 02:26:53,880 --> 02:27:05,400 | is for me, it's not for you. But that execution is not to inspire you on that one setup. It's to broaden your understanding that we're not limited to one |
| 824 | 02:27:05,400 --> 02:27:14,040 | setup, and their setups a lot. And I can engage them and you will be able to do it too. But in the beginning, you need to give yourself the opportunity to find |
| 825 | 02:27:14,040 --> 02:27:25,740 | what it what it is that your personality is best equipped for. And any educator that tries to press your ass into, this is the only way to do it. Where I'm |
| 826 | 02:27:25,740 --> 02:27:34,020 | telling you, the only way to perceive price being delivered is the way I'm telling you it should because anything else is it's contrived. It's all |
| 827 | 02:27:34,020 --> 02:27:43,500 | bullshit, it's conjecture that doesn't have any rooted truth behind it. I'm explaining to you before the market does what it's doing. So that's how you know |
| 828 | 02:27:43,500 --> 02:27:51,090 | you can trust me, whether you believe there's an algorithm or not. I'll leave it to you to wrestle with how as I'm doing, I've already told you what it is I'm |
| 829 | 02:27:51,090 --> 02:27:58,170 | doing. If you choose not to believe that's fine. You don't need to subscribe to the algorithm theory. If you look for the pattern, and you think it's going to |
| 830 | 02:27:58,170 --> 02:28:05,220 | unfold this way, based on what I'm teaching you directionally. You don't need to have an algorithm in your head, you don't have to subscribe to it, you don't |
| 831 | 02:28:05,220 --> 02:28:11,820 | have to be a part of the the religious cult that we have here. You don't need that you don't need to be a card carrying member of the cult, okay, you can |
| 832 | 02:28:11,820 --> 02:28:26,520 | still trade my stuff and not be a cult member. So just relax. But you have to give yourself the chance, the real chance to do this without having any outward |
| 833 | 02:28:27,540 --> 02:28:35,880 | forcing. Like I'm not manipulating any of you to do any one particular approach to trading. Notice I haven't done that. And when you go through the core |
| 834 | 02:28:35,880 --> 02:28:43,110 | content, guess what it does? It gives you the opportunity to decide where you want to be you want to be a long term trader. Do you want to be a swing trader? |
| 835 | 02:28:43,500 --> 02:28:56,610 | A short term trader, you're gonna trade a daily range? Are you going to be a scalper? The decisions are up to you. And you have to bring that to this. You |
| 836 | 02:28:56,640 --> 02:29:05,160 | do. And because there's so many of you, I'm not going to meet you. I can't sit down and answer everybody's fucking email. And I have students that paid me and |
| 837 | 02:29:05,280 --> 02:29:19,230 | years ago, they were mad. They were mad as shit like you should be. I can't think about I put out a tweet in minutes. There's 200 likes and comments. Like |
| 838 | 02:29:19,230 --> 02:29:27,030 | it's that it's the show you literally when I opened up my comments on my YouTube channel, you thought it was I was afraid of people saying shit. I'm here on |
| 839 | 02:29:27,030 --> 02:29:36,030 | Twitter where people would say anything they fucking want. But it's a sugar fest. And everybody wants me to answer their questions. And I can't physically |
| 840 | 02:29:36,030 --> 02:29:55,830 | do that. I'm, I'm one person. I only got so many minutes in a day. And I spent a lot already with you. So you have to be doing something and that is going |
| 841 | 02:29:55,830 --> 02:30:05,880 | through the things I tell you to do. And trust that The process will give you what you're looking for. But you'll be so much more pleased when you have |
| 842 | 02:30:05,880 --> 02:30:07,530 | decided on your end. |
| 843 | 02:30:09,150 --> 02:30:19,260 | The model the approach, how you're gonna approach the marketplace as a trader, and you brought that to this, I just gave you the tours, you decided what you're |
| 844 | 02:30:19,260 --> 02:30:30,120 | going to do. And it's very rewarding because you feel like it's yours. Yes, I taught you how to trade Yes, I taught you these techniques and concepts, but |
| 845 | 02:30:30,120 --> 02:30:36,690 | your model is the model that you're going to create and when you start making fucking money with that, and you tell Carl, the pound fucking sand you're out of |
| 846 | 02:30:36,690 --> 02:30:44,370 | here, enjoy working bitch, I'm out of here. Everyday is a fucking weekend to me. Now fuck off. That type of mentality is going to be easy for you to obtain Not |
| 847 | 02:30:44,370 --> 02:30:54,300 | that you should have that mentality and brash and rude. But for some of you, you can't wait to tell Carl the fuck himself. When you do this on your own, and |
| 848 | 02:30:54,300 --> 02:31:03,600 | you've made that model, from your own hard work, you put all the blood, sweat and tears, the effort. You worked through all of your uncertainties, your |
| 849 | 02:31:03,600 --> 02:31:14,850 | doubts, and you have done it yourself. It's so rewarding. It's so fucking rewarding, because you didn't learn it in a bucking book. ICT didn't lay it out |
| 850 | 02:31:14,850 --> 02:31:21,540 | for you like I did it 2022 model. There's nothing wrong with that model. But you have decided that this is what you're going to do using what was been taught to |
| 851 | 02:31:21,540 --> 02:31:31,920 | you. It's yours. You fucking earned it. You earned it. Nobody can take it away. Nobody can minimize it. Who gives a fuck what they fuckin think about me the |
| 852 | 02:31:31,920 --> 02:31:41,730 | community to concepts you think you're gonna give a fuck? Seriously? Think about this, if you're not profitable yet? Are you going to give a flying? Fuck? Would |
| 853 | 02:31:41,760 --> 02:31:54,030 | anybody fucking thinks about what you're doing when you don't work anymore? When you have money in the bank that you don't have right now, is it gonna fucking |
| 854 | 02:31:54,030 --> 02:32:08,190 | bother you? How people will talk about me? No, no, you're not gonna give a fuck. And that's the right mindset. You're here to learn how to fucking trade. You're |
| 855 | 02:32:08,190 --> 02:32:16,950 | not here to protect me from assholes that have little dick complexes. You're here to learn how to trade, make money, find a model and get on business with |
| 856 | 02:32:16,950 --> 02:32:24,570 | fucking making your life better than it is. Touch base every now and then when you get a chance, send me a fucking postcard. There it is. There's no tethering |
| 857 | 02:32:24,570 --> 02:32:36,240 | to me. Just this year, that's it. Once you get your wings fly baby, I want to see how high you can go. I can't wait to see you do it. But you got to do the |
| 858 | 02:32:36,240 --> 02:32:46,650 | things I tell you to do. You have to, there's no way to do it. Other than that, you can't fumble your way through it. And it's going to require you to work. And |
| 859 | 02:32:46,650 --> 02:32:56,640 | that means go through charts. See things in price action and data that you can't trade. You're not even pushing a button on demo. Nothing like that I even trade |
| 860 | 02:32:56,640 --> 02:33:05,100 | simulators, you have to go through the process of finding what it is that makes sense to you out of what I'm teaching as a PD re, that's your first step. |
| 861 | 02:33:06,540 --> 02:33:15,180 | Because I've already taught you how to find the draw and liquidity and I'm giving that to you all year long. That will happen by default, you'll learn that |
| 862 | 02:33:15,180 --> 02:33:22,770 | because you're being exposed to it. That's the only way you did it. That's what happens. That's why I taught paid mentorships where they had to spend the entire |
| 863 | 02:33:22,830 --> 02:33:30,810 | year with me, they will see they saw, it's documented, nobody can change it. Nobody can say it didn't happen. It fucking happened year after year after year. |
| 864 | 02:33:31,050 --> 02:33:41,490 | Now you're seeing it on a minute by minute basis. So again, if it was fraud, you fucking know it by now. But that PD array, that multiplier, that entry pattern, |
| 865 | 02:33:41,490 --> 02:33:53,490 | that concept of getting in, you need to decide what that is, you need to decide that nobody can make that decision for you. Because I can't make you see a |
| 866 | 02:33:53,490 --> 02:34:06,720 | mitigation block. I can't see how I can go into the charts and make you see a breaker if you just can't understand a run on liquidity and a shift in market |
| 867 | 02:34:06,720 --> 02:34:17,490 | structure. There's two minimum criteria that have to be there for that to be a breaker. And if you don't understand liquidity, or where people put trading, |
| 868 | 02:34:17,490 --> 02:34:28,260 | stop losses, and how they might look at the marketplace as a potential breakout. You won't understand a breaker. You won't understand it. You can see me pointing |
| 869 | 02:34:28,260 --> 02:34:35,850 | to it. But it means nothing to you. Why? Because you haven't studied old data enough to say oh, yeah, look what happens there. And you have to look at the |
| 870 | 02:34:35,850 --> 02:34:47,220 | chart and question before this move happened, who was long? And who was short? And if they were long or short? Where was their stop loss at and then reverse |
| 871 | 02:34:47,220 --> 02:34:55,470 | engineer all the price movements? Because that's what I did, folks. That's what I was doing in America Online. I was literally going back through old data and I |
| 872 | 02:34:55,470 --> 02:35:05,400 | was looking for things that I'm teaching you and when I started doing things and calling the market like I got noticed, because it was too consistent. And I'm |
| 873 | 02:35:05,400 --> 02:35:14,820 | certain I'm absolutely fucking certain, okay, that people are watching me do this on Twitter and you're watching me do it on a live stream, and I'm calling |
| 874 | 02:35:14,820 --> 02:35:24,090 | shit. So precisely on a minute by minute basis. They're questioning how the fuck am I doing this, I have to be doing this with magic, I have to be doing some |
| 875 | 02:35:24,090 --> 02:35:31,770 | kind of trickery. There has to be something going on. And the wonderful thing is, is you're all watching with real time data and it's happening. And I'm |
| 876 | 02:35:31,770 --> 02:35:46,560 | leaving no excuse. Except for foresight. It's not hindsight, it's foresight. And you won't be able to do that. Unless you've done all the back testing, which is |
| 877 | 02:35:46,560 --> 02:35:54,960 | simply this looking at old moves and studying them. You're not trying to trade them, you're just observing, how often does it form? How quickly doesn't move |
| 878 | 02:35:54,960 --> 02:36:04,950 | into profit? And how much drawdown would it be? And you're logging that, and you're putting down, okay, this market on this date, it did this, it moved this |
| 879 | 02:36:04,950 --> 02:36:15,480 | much to profitability. This is how much you had in drawdown is how much time it took to trade. And then you're gonna get a running total or an average of how |
| 880 | 02:36:15,480 --> 02:36:24,540 | many points or pips, whatever market you're looking at, on average, collectively, humans, you'll see that. And then you'll also see what's your |
| 881 | 02:36:24,540 --> 02:36:38,160 | maximum losing trade that you saw in that sample set? And what was your maximum profit, trade, throw both of them out, then average, what you have there. And |
| 882 | 02:36:38,160 --> 02:36:43,830 | that'll give you a pretty good idea as that baseline, if that was going to be your model. This is what you because you can't say that would have been my best |
| 883 | 02:36:43,830 --> 02:36:51,090 | trade, I would have got that. Take that out. And your worst trade what was potentially your worst trade, you probably would have not had your entire stock |
| 884 | 02:36:51,090 --> 02:36:59,220 | taken out. Because you could be doing partials. So you got to take both those numbers out. Don't even factor them in. Now, some of you might argue and say no, |
| 885 | 02:36:59,340 --> 02:37:05,370 | I can understand taking your best winning trade out. But you got to leave the worst trade. And if you're talking from a perspective that you want to wreck |
| 886 | 02:37:05,370 --> 02:37:14,400 | your fucking self, I'm not taking on ridiculous risk. I'm not trading to try to save face on on live streams, okay, I'm not doing that. I'm trying to take |
| 887 | 02:37:14,400 --> 02:37:23,670 | measured calculated risks. And if the trade is going to go bad, generally, most times, I'm going to see it's probably not going to be there. And I started doing |
| 888 | 02:37:23,670 --> 02:37:30,930 | that to the three minute rule. If it's got to start talking to me right now and be in my favor, or I'm going to start taking some of the trade off, or close it |
| 889 | 02:37:30,930 --> 02:37:38,520 | all the way. I have tools for all those things. You don't see these other traders out there that are trying to teach you, they don't have that shit. |
| 890 | 02:37:39,210 --> 02:37:49,290 | They're just reacting. Because they believe they have to react to their bullshit that pops up on their chart. They gotta react to the indicator, they gotta react |
| 891 | 02:37:49,290 --> 02:38:01,560 | to something happening outside of price itself. I'm predicting, I'm telling you what these candles are gonna do. Come on how I mean, how much more evidence |
| 892 | 02:38:01,560 --> 02:38:14,820 | would one need, right? I got a whole year of it. I got a whole fucking year of it. My bag is not empty yet. Got a lot more cookies in his jar. But I gave you |
| 893 | 02:38:15,000 --> 02:38:21,390 | six more minutes. And I told you I would give you and yes, I'm going to regret having talked the way I've talked in this one. And I can't help but be given |
| 894 | 02:38:21,390 --> 02:38:33,570 | enough time to run. I'm gonna run wild. And I apologize if I spoke in such a way that was not becoming of a mentor that you would have high regard for. But |
| 895 | 02:38:34,170 --> 02:38:44,970 | everything I said tonight, I meant everything I meant for your learning, guide you where your focus should be and they remind you what you're here for and the |
| 896 | 02:38:44,970 --> 02:38:58,800 | length of time that's going to be needed for certain things to develop. But you will do well, to listen to everything I'm telling you to do, and do your best to |
| 897 | 02:38:58,800 --> 02:39:09,300 | do it. Even if it feels uncomfortable, even if it feels like it's unproductive or counterintuitive. Remember, you're coming to me to learn. I know how to do |
| 898 | 02:39:09,300 --> 02:39:20,100 | this. I'm proving it in a degree that nobody else is gonna be able to match. Dave, a reminder, I'm going to be expecting you to call every single woman and |
| 899 | 02:39:20,100 --> 02:39:20,520 | candle |
| 900 | 02:39:25,920 --> 02:39:34,020 | five handles as a starting point, I think is realistic. Let me know in your opinion. I mean, even if you don't think it is, don't if anybody says they don't |
| 901 | 02:39:34,020 --> 02:39:42,030 | think that five handles is a good starting point, like a training wheel operation for a target for a new student. If you don't if you don't think that's |
| 902 | 02:39:42,030 --> 02:39:52,170 | a good thing, say so put folks in the community. Don't don't blast them. You'd be respectful, you know, and ask them why they want to divulge that in their |
| 903 | 02:39:52,170 --> 02:39:59,700 | response. Preferably they should they should say I don't think it's a good idea to look for five panels, initially as a first target as a developing student. |
| 904 | 02:40:00,000 --> 02:40:10,650 | And here's why I believe that. But if you believe that five halos is practical, something that is reasonable, it's not too high and lofty. And it makes sense to |
| 905 | 02:40:10,650 --> 02:40:20,250 | have something like that to be a first rung of the ladder in terms of experience to strive for, let me know that all says and as a reply to me posting this |
| 906 | 02:40:20,280 --> 02:40:29,700 | Twitter space on my on my feed is reply to that post. And let me know if you think five panels is, is practical, it makes sense for you to see that as a |
| 907 | 02:40:30,240 --> 02:40:41,640 | first rung objective, because I think it's practical. You know, I think it's something that you will see form pretty easy. And frequently over the course of |
| 908 | 02:40:41,640 --> 02:40:54,600 | a week, I mean, you have lots of opportunities to see that form. And if you're trading with one mini, that's 250 bucks. And a lot of young guys, and gals. And |
| 909 | 02:40:54,600 --> 02:41:06,150 | maybe the older folks that are, you know, on Social Security, you don't, you don't work anymore. If you just got one trade with one mini, that's five |
| 910 | 02:41:06,150 --> 02:41:15,450 | handles, that's 250 bucks, I'm certain that 1000 hours extra a month would do a whole lot, maybe you're on medications and prescription medicines, and maybe |
| 911 | 02:41:15,450 --> 02:41:24,480 | your insurance doesn't cover everything. There's a lot of things that could be out there, that would cost you a lot of money right now. And if you can pick up |
| 912 | 02:41:24,510 --> 02:41:36,780 | an extra two or three hours a week, and that's all you ever was able to do. That's not failure. That's not failure. And it's not Lamborghini. I know. And |
| 913 | 02:41:36,780 --> 02:41:46,800 | that's exactly why I've taught the same way all the time. practical, practical, everybody that turns this industry into get rich quick, they are fraudulent. |
| 914 | 02:41:47,880 --> 02:41:59,460 | Because 99% of the people that are telling you they can do this can't. And whenever they try to, it's interesting to see how they feel. And the people that |
| 915 | 02:41:59,460 --> 02:42:12,450 | are teaching practically, how to do this, I think are the ones that are more prone to be able to do it. And I'm just trying to be an old fuddy duddy old |
| 916 | 02:42:12,450 --> 02:42:22,920 | fuddy duddy ICT nothing about image, just the bare bones brass tacks where the rubber meets the road, how are you going to take this and make money with it. |
| 917 | 02:42:24,060 --> 02:42:33,300 | And if you can alleviate some major bill, or maybe a part of one bill each month, and that's your first experience in profitability. And you find it |
| 918 | 02:42:33,330 --> 02:42:42,840 | consistently easy to do that. And you slowly not quickly slowly build up to eventually getting half of your bills paid off for the month. And then |
| 919 | 02:42:42,840 --> 02:42:52,140 | eventually replacing what was required, and maybe one or two jobs to get your income covered. Now you can get it entirely from your trading. So now you've |
| 920 | 02:42:52,140 --> 02:43:04,590 | doubled your income. So now the next step is to triple your income and save up $200,000 of your own money not to want 1000 hours and funded account $200,000 of |
| 921 | 02:43:04,590 --> 02:43:14,220 | your own money. And then have a respectable amount of money for trading and yourself your own money. And you can hold on to these funded accounts if they're |
| 922 | 02:43:14,220 --> 02:43:23,400 | still allowing that to be a thing. But you have to have money in the bank before you consider leaving your job. Just because you made a lot of money in your |
| 923 | 02:43:23,400 --> 02:43:32,700 | funded account and you had a six figure withdrawal. That's not that's not an invitation to quit. Because the 100,000 hours is nothing. But that's nothing |
| 924 | 02:43:32,700 --> 02:43:45,900 | money. For some of you that find it as a first big windfall. Victory, is life changing for you. But it's not gonna last forever. I mean, shit, you can buy one |
| 925 | 02:43:45,900 --> 02:43:56,100 | car now. I mean, most cars are so over, you know, when we have two cars, I'm like, but the point is, it's a lot of money to some of you, but it won't last |
| 926 | 02:43:56,100 --> 02:44:05,640 | you a long time. And you don't want to quit your job and lose one stream of income and put pressure on you because you have not fully adopted the mindset of |
| 927 | 02:44:06,150 --> 02:44:15,150 | I have enough money. I don't have to take a trade right now, which is what would happen. If you are undercapitalized ill equipped don't have the experience. |
| 928 | 02:44:15,180 --> 02:44:24,870 | You've been doing it for too little time. If you stop working, and you now place all the emphasis on doing what taking a trade, whereas if you're working your |
| 929 | 02:44:24,870 --> 02:44:35,550 | job, you can afford to take a loss. Your mental capital is a little bit higher in equity than that of if you quit your job. You don't have money in the bank. |
| 930 | 02:44:35,880 --> 02:44:45,150 | Why do you need to earn 1000 hours? Well, chances are most of you don't have a 200,000 a year salary. Most of you probably don't have 100,000 on your salary. |
| 931 | 02:44:45,420 --> 02:44:56,880 | So it's given in my mind at least like a two year padding of not needing to have the bill money made right now. It gives you time. It gives you a cushion. And |
| 932 | 02:44:56,880 --> 02:45:04,560 | then you have a respectable amount of money to trade with what does that mean? My opinion 100 grand. And now you're thinking not this puts me right at the |
| 933 | 02:45:05,550 --> 02:45:14,100 | ballpark. No, it doesn't. You're trying to quit your job too quickly. You're gonna have to fucking work with Carl for a little while. It's the way it is, |
| 934 | 02:45:14,100 --> 02:45:25,260 | man. Okay, but there's coming a day. If you do everything I'm telling you to do you have the advantages of getting there, you're not being promised that. But if |
| 935 | 02:45:25,260 --> 02:45:36,210 | you do all the things, right, you're going in the right direction, if it takes you three years, what's the alternative? You're fucking working McCarl you're |
| 936 | 02:45:36,210 --> 02:45:46,650 | gonna work with fucking Carl. So just put your nose in the books. Okay, I see T book right here. Every day, we're writing a new chapter, every week, it's a new |
| 937 | 02:45:46,650 --> 02:45:56,190 | volume. All you have to do is keep showing up, you will get fresh bread. And you'll grow stronger over time, you'll get more experience. And when this |
| 938 | 02:45:56,190 --> 02:46:08,010 | happens. And you finally find yourself thinking about you think, Oh, these people I'm going to interview. They're making big money. They're getting six |
| 939 | 02:46:08,010 --> 02:46:20,880 | figures. I guarantee you. When they first started trading, that was only a dream. They couldn't see it happening. Now that they've done it, they know it's |
| 940 | 02:46:20,880 --> 02:46:31,500 | possible. They don't have that fear of I wonder if it could it is fucking happened for them. They've done it. Some of them done it more than once. So now |
| 941 | 02:46:31,500 --> 02:46:40,470 | they want they're desensitized to it. They don't see it, it's an impossible thing. Whereas right now, you think it's impossible. Everything's impossible |
| 942 | 02:46:40,470 --> 02:46:56,250 | until you do it. Everything, everything everybody told me, I would never figure this shit out. I probably figured out some stuff. And you'll figure your own |
| 943 | 02:46:56,250 --> 02:47:07,680 | shit out too. But quitting your job too quickly is one of the worst mistakes you're going to make. Because you're going to play so much pressure. More than |
| 944 | 02:47:07,680 --> 02:47:17,340 | if you're trying to live stream trading. Because you can get up there and say, No, I'm not gonna take any trades because you get stage fright. Then don't take |
| 945 | 02:47:17,340 --> 02:47:28,110 | any trades. But you can't not take trades when you don't have a job. And the only means of income is you making winning trades. If you don't have the |
| 946 | 02:47:28,110 --> 02:47:35,220 | experience of knowing what you're looking for knowing it like the back of your hand, and you know that you're gonna find us out. And you just I know, I know |
| 947 | 02:47:35,250 --> 02:47:44,640 | I'm finding winning setups next week. I know. Do you know that about what you're doing? If you're honest, do you really know that? If you're honest, and you say |
| 948 | 02:47:44,640 --> 02:47:55,890 | no, that's not weakness, you know what that is? You're being practical about yourself. You're being practical, and realistic with your present aptitude and |
| 949 | 02:47:55,890 --> 02:48:07,050 | skill set, and the lack thereof. You're not already trying to do something, or thinking highly of yourself, without having the ability to do those things. |
| 950 | 02:48:09,540 --> 02:48:17,220 | You're literally on the right track, if that's how you think. Because you're being realistic, you don't think that you're going to be able to do that, |
| 951 | 02:48:17,220 --> 02:48:24,270 | because it's not practical for you right now, too early in the game. It does not mean that that's how it's going to be you're never going to get it. This means |
| 952 | 02:48:24,270 --> 02:48:36,660 | right now. You're still in development. You're under construction. And I am turning you into a savage, you're going to be a bad motherfucker, come November. |
| 953 | 02:48:37,440 --> 02:48:44,850 | And maybe you don't talk like that. But you're gonna be a bad motherfucker, let's be honest, you're going to be a motherfucking Savage, you're gonna be able |
| 954 | 02:48:44,850 --> 02:48:54,030 | to look at these charts. And in short order, very short order in time, you'll know exactly where it's gonna go. Yes, I fucking said that. You're going to know |
| 955 | 02:48:54,030 --> 02:49:05,880 | exactly where it's gonna go. And you're gonna have multiple ways to approach getting in. That's empowerment. That's what the outcome of this year is going to |
| 956 | 02:49:05,880 --> 02:49:11,460 | be. And you're seeing proof of it every single day we get together these things repeat. |
| 957 | 02:49:13,260 --> 02:49:24,150 | I'm calling shots. I'm calling where the markets gonna go. All you have to do is study it. And then let the process of being there observing it. Even if it's in |
| 958 | 02:49:24,150 --> 02:49:32,790 | hindsight, if you can't be there when I'm doing it live, watch the recordings or add the tweets to your chart afterwards and see it. Your eye will be trained in |
| 959 | 02:49:32,790 --> 02:49:44,760 | observing it and because you're doing it smallholders are going the wrong direction. Stupid people driving around here. Bel Air Maryland. I don't know |
| 960 | 02:49:44,850 --> 02:50:00,840 | where you guys are at listening, but the driving up here is mental. Like they literally tailgate like crazy. Like they're gonna push you I thought I'd say |
| 961 | 02:50:00,840 --> 02:50:09,870 | that I'm sorry. I had to confess, it's one of my pet peeves around here. And it's mainly ladies like think that somewhere to be all the time, and they'll be |
| 962 | 02:50:09,870 --> 02:50:17,760 | mad at me women. And it's just, I'm just telling you my observation, my wife even commits behind me with that idea and says, You know what, hey, it is the |
| 963 | 02:50:17,760 --> 02:50:29,010 | moment up here to the tailgate too much. But see what I mean. So easiest for me. And you want me to be on a live stream with chat people talking to me, now, I |
| 964 | 02:50:29,010 --> 02:50:38,160 | won't be able to see candlesticks doing anything. So my reticular activating system is keyed up on everything. Short, short, attention span, on everything. |
| 965 | 02:50:39,990 --> 02:50:51,870 | But anyway, back test study, look for the things I'm telling you look for in lectures. And do that, while we're doing this tape reading. That's how we're |
| 966 | 02:50:51,870 --> 02:51:00,720 | spending the first two months, we already got through pretty much this month so far. And just a little bit more time, and then we'll be into what would be |
| 967 | 02:51:00,720 --> 02:51:10,350 | considered month two, and month three, you're pushing buttons. Okay, I'm gonna put you in markets. I'm gonna tell you do this right now. And start tracking how |
| 968 | 02:51:10,350 --> 02:51:18,180 | much time and you're all gonna have different fills, you're all going to break the rules, you're not going to put your stop loss in, because you're going to be |
| 969 | 02:51:18,180 --> 02:51:25,140 | fearful, you're going to get stopped to help. Like, I'm in the room looking at you. And you're you're afraid, or you're afraid to other people in this |
| 970 | 02:51:25,140 --> 02:51:34,680 | community want to see you do it wrong. And I want you to press into that, and be interactive with me share that experience publicly when I asked you all to do |
| 971 | 02:51:34,680 --> 02:51:44,160 | it. I'm not making money on the tweet replies. Okay. So it's not traffic, I'm not monetized in Twitter, I'm doing it so that way, we're seeing and hearing |
| 972 | 02:51:44,580 --> 02:51:52,500 | each other, just like a text messages. Like if I was your brother, if I was your dad or a relative, I wanted to send you a message like, I had your phone number, |
| 973 | 02:51:52,500 --> 02:52:02,940 | whatever, I'm treating that medium the same way I'm looking out for you. This is a lot of you. And every time I'm tweeting to you, it's the equivalent of me |
| 974 | 02:52:02,970 --> 02:52:13,950 | texting a family member saying, Hey, here's my, here's my focus right now, I want you to know about this. So it's not a signal service. But it's like a |
| 975 | 02:52:13,950 --> 02:52:26,370 | handshake. I'm grabbing you pulling your attention to something right then and there. And then you have to engage it. But in April, you're pushing buttons. And |
| 976 | 02:52:26,370 --> 02:52:34,290 | then like you were that rest of the year, we're pushing buttons. So that way it's conditioning you. And I'm going to put you through the same process. I'm |
| 977 | 02:52:34,290 --> 02:52:41,850 | putting Cameron through it right now. And hopefully, it won't take me more than four weeks for him to be, I'm hoping it's gonna be less than four weeks to be |
| 978 | 02:52:41,850 --> 02:52:52,230 | honest with you. But his performance anxiety that's hindering him right now in trying to, you know, not convinced me, but to impress me rather. He wants to be |
| 979 | 02:52:52,230 --> 02:52:59,130 | able to do it quickly and say, you know, look how I was able to do it quick for you, Dad, no, don't do that. And none of you should feel that way. Either. You |
| 980 | 02:52:59,130 --> 02:53:08,820 | take whatever time that you require, if it takes you the full year, so what that's exactly what I'm a allowance for. I think it's going to take that. And |
| 981 | 02:53:08,820 --> 02:53:15,990 | for some of you it may take a little bit longer. That's okay. If you do everything I tell you to do, it will happen for you. If you quit, then you |
| 982 | 02:53:15,990 --> 02:53:27,390 | failed. I'm not getting paid for by you trying to do it. I'm not making I'm not making ad revenue on how much back testing you do. Okay? Think about it. You got |
| 983 | 02:53:27,390 --> 02:53:39,060 | to really put this in perspective. What is my motivation here? Your success? Is your success, your motivation here? Are you just dabbling? If you're here, just |
| 984 | 02:53:39,060 --> 02:53:48,750 | for morbid curiosity, you're wasting your time. If you're here to wait to see some kind of failure, I'm gonna fucking die yet. I'm gonna love denying it all |
| 985 | 02:53:48,750 --> 02:53:59,010 | year long. But if you're here to learn, you want to know how to make a lot of fucking money potentially in the future where you can do this. Without me. We're |
| 986 | 02:53:59,010 --> 02:54:10,380 | learning in the safest environment there can be there's no trading going on while you're learning this is all removed from the risks. There's no risk in |
| 987 | 02:54:10,380 --> 02:54:21,450 | this learning process with me. You cannot lose money. You cannot make money. You're literally learning how to candlesticks are gonna form. You know, after |
| 988 | 02:54:21,450 --> 02:54:34,890 | this, what your model is, you know what you're going to wait for. And that's clarity. That's what everybody that fails, does not have that's what everybody |
| 989 | 02:54:35,130 --> 02:54:46,020 | that cheat that teaches everything in hindsight but can't do it in front of you it with any consistency. That's what they're lacking. They can hit and wonder |
| 990 | 02:54:46,080 --> 02:54:54,630 | and one hit wonder here and there. And they hope that they tried to do that in front of people on the internet, and when they fail miserably. They go right |
| 991 | 02:54:54,630 --> 02:55:06,510 | back into their cave. If they just listened to me and put Sit down their bullshit. Literally, this could transform everything they're doing and he |
| 992 | 02:55:06,510 --> 02:55:15,600 | wouldn't be toxic they wouldn't run around trying to tell her by the year low IQ assholes and shit. Okay, they could finally be profitable and consistent and not |
| 993 | 02:55:15,600 --> 02:55:16,410 | be so toxic |
| 994 | 02:55:22,140 --> 02:55:35,190 | so anyway short little drive back home I want to take you home and talk to you while I'm doing so but I go back through some forests and such and I'll probably |
| 995 | 02:55:35,190 --> 02:55:54,690 | lusion the signal. So this is the part where I tell you that you got an extra 25 minutes or so. No extra charge. ICT your Hello Guy? Yeah, no. So enjoy your |
| 996 | 02:55:54,690 --> 02:56:09,120 | Sunday. I don't know if I'll be tweeting anything tomorrow. But I will be joining you on live stream on Monday. And then we'll be going back at it again. |
| 997 | 02:56:09,540 --> 02:56:14,460 | So until I talk to you then be safe. |