024-ict-tw-spaces-20221126-How-To-Study-ICT-Properly-original
Last modified by Drunk Monkey on 2022-12-29 08:31
Outline
00:20 - Good morning, everyone.
03:03 - Why you need to come up with a mission statement -.
09:20 - Why you need to be able to remind yourself while you're studying what you’re studying.
14:40 - Mentorship is a recurring theme in smart money concepts.
17:45 - The importance of having a unique experience for your students.
23:29 - How do you wrestle with the struggles of doing this?
29:35 - When you do it right, you’ll have it done.
33:14 - Go slow and keep your risk light. Live trading is different.
38:31 - Why you’re not obligated to share your experiences with others.
44:48 - You need to be realistic and practical with yourself.
47:47 - Don’t invite these types of things into your life.
53:42 - The fear of being around other people is a sign that you’re not prepared for success.
01:00:18 - What’s your first and anybody says anything else is a liar.
01:04:05 - How to replace a bad moment with a good moment.
01:09:48 - The importance of having a daily and weekly chart -.
01:16:48 - You can’t have these self-worth driven purposes in trading.
01:20:07 - You have to wrestle with these issues in your development.
01:25:53 - If you don’t go into the content with a clear mindset, you’re not going in there with the right mindset.
Transcription
| 1 | 00:00:20,760 --> 00:00:35,430 | ICT: Good morning, folks. Good morning. We've made it through the holiday or Thanksgiving. And it keeps bringing gifts, gifts after the gift of the slow |
| 2 | 00:00:35,580 --> 00:00:47,520 | exit. I'm the master of the long game, even with saying goodbye. No, but this really honestly, this is going to be my last discussion space for the year. And |
| 3 | 00:00:47,520 --> 00:00:59,040 | I wanted to kind of close things out with perspective, give you all a opportunity to go into a new year of studying, prepare yourself for new |
| 4 | 00:00:59,040 --> 00:01:14,580 | experiences with me and live charting on my YouTube channel. So we'll be looking at some pretty neat times ahead and 2023 We'll be rolling out some new concepts |
| 5 | 00:01:14,580 --> 00:01:26,070 | for the public and even for my private mentorship that have never been taught. And you'll see some results that you have never seen before as well. And I do so |
| 6 | 00:01:26,070 --> 00:01:35,880 | hope that that people that have been talking all this year and last year that we're going to step they're really gonna step because I'm waiting for it. So the |
| 7 | 00:01:35,880 --> 00:01:47,700 | topic of this space. While it will absolutely be brief, it must be brief, because I'm under a time limit. My wife has absolutely ensured that I will be |
| 8 | 00:01:48,600 --> 00:02:07,080 | shortened to the point today. I wanted to cover how to properly study ICT. So my content obviously, is enormous. It's a huge library of things that could easily |
| 9 | 00:02:07,470 --> 00:02:21,810 | intimidate the new startup. And while that's not my intention, it's not meant to keep you bogged down and continuous study the 2022. This is the proper order. |
| 10 | 00:02:21,840 --> 00:02:35,970 | Okay. This is the definitive order that ends all requests for it. Okay. I will include it in my very first presentation in 2023, as well in video format, but |
| 11 | 00:02:36,630 --> 00:02:49,230 | basically, I'm gonna say it here in short. Well, right to the point terms, if you have never really studied or if you are a casual viewer of my YouTube |
| 12 | 00:02:49,230 --> 00:03:01,830 | channel, and you kind of like picked, cherry picked moves and to certain video series or grab the video off of a suggested timeline from the YouTube algorithm. |
| 13 | 00:03:03,030 --> 00:03:14,280 | That's the worst way to do it. Okay, that's the absolute worst way to do it. You need to sit down, number one and come up with a mission statement. Why would you |
| 14 | 00:03:14,280 --> 00:03:27,060 | even want to look at me or anyone else? Why would you want to study? What brought you to me? Okay. There's a lot of things that people can say about me as |
| 15 | 00:03:27,060 --> 00:03:40,860 | a person. And that person is flawed. I'm a human just like the rest of you. But my content is me being distilled into the essence of a trader, an analyst, an |
| 16 | 00:03:40,860 --> 00:03:54,720 | educator, a mentor. So your mission statement needs to be written out and a study journal. Now do this with whoever you go. And you become a mentee under. |
| 17 | 00:03:54,930 --> 00:04:02,130 | Okay, if you choose someone else, as a mentor, you need to do the same thing. Okay. But you need to come up with a mission statement, the why you're even |
| 18 | 00:04:02,160 --> 00:04:14,790 | investing your time and energy in any any individual. What brings value? Where's the value? Where's the source of interest? Where's the proof that there's |
| 19 | 00:04:14,790 --> 00:04:29,550 | someone that is worth listening to? Okay, so there was a long time where folks to something because I would deny them? I would do I would deny them live |
| 20 | 00:04:29,550 --> 00:04:39,240 | trading, I would deny that. And I did that for a very particular reason. Number one United States I, I have the luxury of being protected by demo account |
| 21 | 00:04:39,240 --> 00:04:51,120 | education. And the folks that would learn under me that can see through that and say, Okay, if I can see in a demo account, and that's price, then it should work |
| 22 | 00:04:51,120 --> 00:05:01,020 | in a live account. And that invitation for you to test it was built in. So I don't want any of you to believe me. I want you to test is what I said and |
| 23 | 00:05:01,020 --> 00:05:11,460 | teach. So that's what your mission statement should be for any mentor. Okay? You've seen enough to be inspired or inquisitive enough to go in to see what it |
| 24 | 00:05:11,460 --> 00:05:22,680 | is that makes that person worthy. Okay, so obviously, this year, you've seen lots of people step forward, all around the world, different walks of life. |
| 25 | 00:05:22,740 --> 00:05:29,880 | They're doing it. They're proving they're getting funded. They're proving they're taking money out of the marketplace, and they're crediting what they |
| 26 | 00:05:29,880 --> 00:05:39,480 | learned from me, and I'm very thankful and appreciative. That's all I've ever asked for. And that mission statement needs to be spelled out for you. Why are |
| 27 | 00:05:39,480 --> 00:05:54,600 | you trying to learn from me or anyone else? You want a mission statement look like? What would an example be? My goal is to harvest all of the insights that |
| 28 | 00:05:55,050 --> 00:06:08,490 | Michael J. Huddleston is divulging to the public, in his YouTube videos, in hopes that it will help me form a unique model for trading the market. Not |
| 29 | 00:06:08,520 --> 00:06:19,140 | markets, a very specific market. Okay, this is the problem that I have with my students. Even in paid mentorship group. They want to treat everything based on |
| 30 | 00:06:19,140 --> 00:06:29,130 | the next move, or whatever just popped up, you need to be very specific. All of you have witnessed how I transitioned away from Forex. And I give you multiple |
| 31 | 00:06:29,130 --> 00:06:39,510 | reasons why I'm not trading Forex anymore. I have no interest in going back into Forex, none. Okay, back to where I started in commodities. So I'm trading index |
| 32 | 00:06:39,510 --> 00:06:51,960 | futures. And you can see the things that I use and implemented in forex works equally well in index futures. But it's better because of the volatility |
| 33 | 00:06:52,080 --> 00:07:02,250 | presently. Now, there were times when Forex was better than index futures. But index futures has always been steady, Eddy, it's always been a good move, moving |
| 34 | 00:07:02,250 --> 00:07:10,620 | market. But when there's a wild excitement in the marketplace in currencies, that's, you know, that was a fun time to be in it. But right now, there's high |
| 35 | 00:07:10,620 --> 00:07:20,790 | elevated risk. So you need to be able to determine what market what singular market are you going to specialize in? Okay. The wonderful thing is my concepts |
| 36 | 00:07:20,790 --> 00:07:32,970 | are universal. So you can pick a particular market of interest. Maybe you had someone that was a catalyst for introducing me or you to me. And they were |
| 37 | 00:07:32,970 --> 00:07:42,180 | trading Euro dollar, or they were trading, maybe a crypto, I don't trade crypto, I have no faith in crypto, but I have a lot of students that use my concept in |
| 38 | 00:07:42,180 --> 00:07:50,880 | it. Maybe that was the vehicle that you want to trade, or instrument you want to trade. But in your mission statement that is in the first page of your study |
| 39 | 00:07:50,880 --> 00:07:59,370 | journal, you don't have a study journal, you need to start one, you need to get one because this is where you're going to pour all of your questions and |
| 40 | 00:07:59,370 --> 00:08:11,100 | concerns and your fears and your victories. These milestones, because it's not the same as this simply tweeting to me or other people in your circle that you |
| 41 | 00:08:11,100 --> 00:08:22,440 | did this trade look, it panned out, and you're not sharing the 50 that you did it wrong. Okay, the you have selective sharing. And this is the reason why you |
| 42 | 00:08:22,440 --> 00:08:29,370 | hit the mission statement and beginning of your study journal. What is it you're focusing on? What type of trading Are you gonna be doing? Are you gonna be a |
| 43 | 00:08:29,370 --> 00:08:36,330 | scalper intraday? Are you gonna be trading daily range, intraday swings? Are you going to short term trading? Are you trading overnight? Maybe a few days hold |
| 44 | 00:08:36,330 --> 00:08:44,130 | time? Are you doing swing trading? Are you trading for about two weeks or so? Are you positioned trading, where you're longer than two weeks into several |
| 45 | 00:08:44,130 --> 00:08:54,300 | months or even longer? You need to be very specific about what it is you're doing. And every single time it's going to be monotonous. It's going to feel |
| 46 | 00:08:54,300 --> 00:09:02,970 | silly, it's gonna feel I don't need to do this. But every single time you open up that study journal, you read that mission statement. Every single time you |
| 47 | 00:09:02,970 --> 00:09:10,230 | sit down with your demo account, the practice and study, you read that mission statement, because it's so easy to get caught up in social media, the |
| 48 | 00:09:10,230 --> 00:09:18,540 | competitive nature of who's teaching what and who's better than this and who, you gotta remind yourself what you're doing. Because so easy to get caught up in |
| 49 | 00:09:18,540 --> 00:09:29,820 | all the drama of your own development. And other people like myself. I'm very polarizing. There isn't a you know, why collective group that just simply loved |
| 50 | 00:09:29,820 --> 00:09:40,590 | me in a small little, small little group that has opposition to what I do. I have a lot of competition with people that sell courses and wares and things. |
| 51 | 00:09:40,920 --> 00:09:48,660 | They don't like what I'm doing, because I've laid it in your hands for free. Even my own paid membership groups, members are pissed off because I gave out |
| 52 | 00:09:48,660 --> 00:09:54,180 | the core content, but they've learned they didn't do anything, didn't change anything. It didn't take away from their experience. |
| 53 | 00:09:55,500 --> 00:10:04,560 | So you need to be able to remind yourself while you're studying what You're studying, and what the purpose and the end result is, what is that? You're |
| 54 | 00:10:04,560 --> 00:10:18,420 | trying to learn how to be consistent, consistently profitable, in one endeavor, not everything. Okay? You're not here to master everything ICT. That's a number |
| 55 | 00:10:18,420 --> 00:10:29,460 | one root cause of failure in my private mentorship group, because they were given all kinds of highly specific details about how algorithmic trading is |
| 56 | 00:10:29,490 --> 00:10:43,950 | built, done, and utilized in the marketplace. And it's an invitation for them to decide where they want to focus. Now, everybody wants the 2022 mentorship, you |
| 57 | 00:10:43,950 --> 00:10:54,870 | saw how simple that model is, it's very, very simple. Every single model can be made that simple, using my content, and the content could be replacing simply |
| 58 | 00:10:54,870 --> 00:11:06,240 | the fair value get with an order block, or a breaker, institutional order flow entry drill, okay, whatever, bar turtle suit, my version, it's not street smarts |
| 59 | 00:11:06,240 --> 00:11:16,260 | version, where it's 20 days, high, or 20 days low, or 20 plus one turtle suit, I don't need to look at the last 20 days, I can just look at where's the last one. |
| 60 | 00:11:17,040 --> 00:11:26,190 | And if I'm bearish, I'm looking for that move that run above to engage that buys out liquidity, and then I'll look for a shift in market structure. Or I can if |
| 61 | 00:11:26,190 --> 00:11:33,450 | I'm real ballsy about it, I'm confident I'll just sell those buy stops when it hits it. And then look for an additional pyramid entry for a shift in market |
| 62 | 00:11:33,450 --> 00:11:48,030 | structure much like what that 2022 model teaches inventorship on YouTube channel. So you want to spell out exactly what you're trying to form in terms of |
| 63 | 00:11:48,060 --> 00:11:56,190 | your model. Now, if you have never seen this 120 mentorship, you don't know what a model is, you don't know what an example of a model is. Okay. And that's the |
| 64 | 00:11:56,190 --> 00:12:09,270 | number one first choice for anyone coming into my fold, to study. Or if you were very lazy, okay, and I mean that not in a mean way. But if you you've come and |
| 65 | 00:12:09,270 --> 00:12:16,830 | go and and you've been here, you've left and you taste the other stuff and tradeshow things easy coming back, you keep coming back, because you know, this |
| 66 | 00:12:16,830 --> 00:12:24,690 | stuff works, you just can't find a way to make it work for you. And I understand, I have students, like I said, even from 2016 that are still |
| 67 | 00:12:24,690 --> 00:12:34,860 | struggling. But I have students from each group that are doing well. It's a personal hindrance that you're bringing into this. So you had to be organized, |
| 68 | 00:12:34,860 --> 00:12:48,360 | and we're gonna go into a new year, go through the 2020 mentorship videos once more. And only watch one per, per day. One per day, that's it, treat it just |
| 69 | 00:12:48,360 --> 00:12:57,570 | like that. When you were going to college, you didn't go to that class all day long. Okay, you went in for that time. And you were just missed. And then you |
| 70 | 00:12:57,570 --> 00:13:07,170 | had to consider what it is you learned. So 2020 mentorship, that's the absolute very first one because it gives you a example of what it is. If you've studied |
| 71 | 00:13:07,170 --> 00:13:18,420 | everything on my channel, you can come to that type of model. Very, very streamlined, you're not bringing everything into the equation. And that's the |
| 72 | 00:13:18,420 --> 00:13:26,850 | problem that paid membership. Students sometimes do because they see I have a lot of tools they think foolishly and I've said this many times, and I'm |
| 73 | 00:13:26,850 --> 00:13:36,930 | repeating it again, for those that have ever doubted it. I do not include every possible analysis tool or concept, every single time I sit down from the charts, |
| 74 | 00:13:37,410 --> 00:13:46,830 | I would never get a trade on because they will be in opposition with one another. There will never be a confluence of all of my tools agreeing with one |
| 75 | 00:13:47,070 --> 00:13:58,680 | idea. And I'm not looking at Commitment of Traders for every single trade it for intraday I don't even need it. I'm not looking for every facet or component that |
| 76 | 00:13:58,680 --> 00:14:10,830 | I teach to be in agreement for a trade idea. And the folks that have learned under me or watched a couple videos and they say okay, and then I was reinforced |
| 77 | 00:14:10,830 --> 00:14:23,310 | with this perception, perception of how my students digest this content. One of the folks I just tweeted a link to he did a review on I guess the 2002 |
| 78 | 00:14:23,340 --> 00:14:30,990 | mentorship group or whatever and me as a as a mentor, and I thought that it was the best review and I shared it on Twitter. You guys can go look at it, Scott. |
| 79 | 00:14:31,320 --> 00:14:42,030 | The guy's channel is Kimmel trading. I don't know him. It was the first time I watched this video. And I thought he did a really good job. It was balanced. And |
| 80 | 00:14:43,770 --> 00:14:56,820 | you listen and you hear how he's an individual that mentioned now he's struggle with certain things. And that is a recurring thing. It reoccurring thing in |
| 81 | 00:14:56,820 --> 00:15:05,490 | Smart Money concepts because these people take my concepts and they diluted and make their own little mentorships. And they leave out real critical pieces of |
| 82 | 00:15:05,730 --> 00:15:14,580 | understanding. And they're trying to streamline it so much that because they want to, they want to satisfy that itch for the Give it to me right now crowd, |
| 83 | 00:15:15,210 --> 00:15:24,150 | give it to me right now, get right to the point crowd, and there is no get right to the point shorter and more direct than that 2020 mentorship, I swear to God |
| 84 | 00:15:24,150 --> 00:15:35,520 | Almighty, if there was an easier way for me to have made it easier, more simple, more right to the point I would have absolutely would have done it. But there is |
| 85 | 00:15:35,520 --> 00:15:42,300 | no because there's so many things that you have yet to understand that you're going to encounter, because you can just watch this first couple of videos and |
| 86 | 00:15:42,300 --> 00:15:54,840 | get the gist of it. But what happens is, is when you start implementing it. And a suggestion would be using 2020 mentorship model as your mission statement, you |
| 87 | 00:15:54,840 --> 00:16:06,330 | want to use that one, you may not settle in on that as your own final resting place for a model of choice or your career. It may evolve into using breakers |
| 88 | 00:16:06,360 --> 00:16:16,740 | instead of the fair value. But fair, Vega is the easiest visual representation of the pdra that I teach algorithmically. It's something that repeats on all |
| 89 | 00:16:16,740 --> 00:16:26,880 | timeframes. And I'm confident my daughter could see it. But she's uninterested. And I'm thankful for some people around the world that are absolutely killing it |
| 90 | 00:16:26,880 --> 00:16:36,810 | now, and I love it. But if you go through the 2020 mentorship, and use that as your beginning point, once you go through that, and you submitted to what I've |
| 91 | 00:16:36,810 --> 00:16:45,630 | outlined in every one of those videos, you're going to see that it requires much more than just simply watching the first couple of videos. And I watched another |
| 92 | 00:16:45,630 --> 00:16:56,880 | guy that was suggested or mentioned in Kimmo trainings videos I've watched about me, he mentioned that gentleman by the name of Michael bamboo bramber Michael |
| 93 | 00:16:56,880 --> 00:17:07,320 | Bamber, another person I've ever known about. I watched one of his videos while he shifted his strategies into smart money, concepts ICT, whatever. Just for the |
| 94 | 00:17:07,320 --> 00:17:16,320 | record, when you say SMC, you're really saying ICT, okay, it's it's my content. And I introduced a smart money concept. But they want to keep my name out of it, |
| 95 | 00:17:16,320 --> 00:17:26,550 | because it allows them to sound unique. But I love the fact that these people are waking up to it. And they're realizing it came from me. And I'll push your |
| 96 | 00:17:26,550 --> 00:17:33,810 | channel, like I have no problem saying, hey, look, you're doing it right now. And you don't have to worship me. I don't want that just give credit where it's |
| 97 | 00:17:33,810 --> 00:17:43,680 | due. But he mentioned in his video, like this guy, Michael Bamber that he watched a couple videos in the mentorship. And because he had experience |
| 98 | 00:17:43,680 --> 00:17:51,060 | already, he's like, why don't we go out there and just try to test that right now. That's a mistake. And so many people, not just with my concepts, but |
| 99 | 00:17:51,060 --> 00:17:59,760 | everything. And I did the same thing as a new guy. When I was 20 years old, I was buying books and courses and such. And real quick, let me plug this. One of |
| 100 | 00:17:59,760 --> 00:18:08,910 | the students sent me a DVD version of Larry Williams confidential trading course. When I told you that VHS I'll play it so many times it wore out. And I |
| 101 | 00:18:08,910 --> 00:18:15,990 | wish I had been able to I can tell you verbatim what he's gonna say, because I've watched it so many times. But it's such a |
| 102 | 00:18:17,610 --> 00:18:27,660 | nostalgic piece of mind coming up, is this, I wish I would have had it. Well, this gentleman purchased it for me and sent it to me. I'm so thankful. I haven't |
| 103 | 00:18:27,660 --> 00:18:37,230 | watched it yet. But I bought everything. Okay, I bought every single thing out there. And every book that was supposedly hot and teaching this and teaching |
| 104 | 00:18:37,230 --> 00:18:44,100 | that. And as soon as I read a chapter, and I thought I saw something in there, I was like, I'm going in here, I'm going to do it today, I would turn my Mehta |
| 105 | 00:18:44,100 --> 00:18:53,460 | stock program on, pull up the chart, and I'd go in here and I start putting orders in and then I would fail. Because I'm interested in getting what instant |
| 106 | 00:18:53,460 --> 00:19:04,020 | gratification. And unfortunately, social media has adopted this mindset, where that's a normal thing. And you should pursue that. No, no, no, no investing and |
| 107 | 00:19:04,020 --> 00:19:12,240 | trading. There's such a high degree of risk. And this is the we this is the reason why I teach the way I teach that you shouldn't be in here trying to |
| 108 | 00:19:12,270 --> 00:19:20,760 | double your account are having astronomical monthly returns or weekly returns a daily returns are too hard to one, I never preach that. You can do very, very |
| 109 | 00:19:20,760 --> 00:19:29,910 | well, with one to one, two to one and three, one. But I personally try to teach my students aim for five to one, will they always get it? No. Will I always get |
| 110 | 00:19:29,910 --> 00:19:41,010 | it No. So to build that mindset, our expectation into students is foolish as a mentor, and I never do that. So I talked about how you're going to lose all the |
| 111 | 00:19:41,010 --> 00:19:48,240 | time, you're going to lose money, you learn with me, you're going to lose money. You're going to make money if you do the right things, but that right thing has |
| 112 | 00:19:48,240 --> 00:19:57,480 | to be a unique experience for you. You might not like that fair value gap. You may not be able to see it because you see all kinds of gaps and you think, Okay, |
| 113 | 00:19:57,480 --> 00:20:05,040 | well actually if you mentioned a breakaway gap, a measuring gap up an exhaustion gap and a common gap, which fair value gap is that one? Well, that comes with |
| 114 | 00:20:05,040 --> 00:20:13,470 | experience and knowing what these price swings looked like from all higher timeframe down the lower timeframe. So, back to this guy, Michael Bamber, he |
| 115 | 00:20:13,470 --> 00:20:22,260 | rushed in. And I'm only going by what he said in this video. Okay, so it might have been a unique experience. At that time, he's probably done better since |
| 116 | 00:20:22,260 --> 00:20:30,840 | then I have not watched anything except for that one video. But it struck me as this is something that even my private mentorship, students knew when they were |
| 117 | 00:20:30,870 --> 00:20:40,110 | getting new content each month, they would go out and rush right into trying to use it. And then send me an email or post in the forum, when he became a charter |
| 118 | 00:20:40,110 --> 00:20:46,800 | member, I tried to use this and this was a struggling point for me, or it didn't work for me. And other people would come behind. Well, I'm using it. And here's |
| 119 | 00:20:46,800 --> 00:20:58,170 | my examples of it. So again, that kind of cancels out that they fail as concepts, it goes back to the very painful reality that it's you. When I lose |
| 120 | 00:20:58,170 --> 00:21:10,350 | money, it's my fault. When you lose money, it's your fault. When I make money, it's my victory. When you make money, it's your victory. It's not a high five |
| 121 | 00:21:10,350 --> 00:21:18,960 | moment for thanks, ICT, high five, I didn't do that for you took the risk on when you took a lot of trade. That's why I tell you, you will to determine when |
| 122 | 00:21:18,960 --> 00:21:27,150 | you want to transition from a demo account, or paper trading into Live account trading, I never ever tell any of my students to do that. It's a personal moment |
| 123 | 00:21:27,150 --> 00:21:36,210 | where you know where it's going to happen. But you need to defer that. And the problem with this, right now getting hit quick, you know, steady approach where |
| 124 | 00:21:36,750 --> 00:21:46,410 | I get it. Everybody wants to stop me. Everybody wants to live a fast life. But let me tell you something. I've made so much more money teaching than I did |
| 125 | 00:21:46,410 --> 00:22:00,720 | trading. I can tell you honestly, that's what 99.999999999% of everybody on social media, on YouTube, on Twitter, on Instagram, all of them, all of them, |
| 126 | 00:22:01,710 --> 00:22:12,510 | made majority, if not all of their money from teaching. And I'm honest, I'm telling you that that's that's the reality of it all. But I'm also the same guy |
| 127 | 00:22:12,510 --> 00:22:21,600 | that said, but I don't need to do that. I'm done. I showed you I can walk away from it. So you can trust me as a mentor. I'm not trying to fleece you. I want |
| 128 | 00:22:21,600 --> 00:22:30,930 | to see you succeed, I want to see you do well. But you have to listen to the boring stuff. You have to get through those monotonous rants where it feels like |
| 129 | 00:22:30,960 --> 00:22:38,790 | get to the point. The point is, you're going to you're going to endure moments where it's going to feel like it doesn't work, or you're going to have questions |
| 130 | 00:22:38,790 --> 00:22:49,500 | by why doesn't this concept work in this instance, if you realize what I'm talking about when I'm doing these discussions, I'm fortifying you mentally to |
| 131 | 00:22:49,500 --> 00:22:59,490 | be able to endure that because that's where everybody quits. Those moments, that's where everybody, everybody, everybody loves it. They're walking around |
| 132 | 00:22:59,490 --> 00:23:07,200 | with perpetual erections in the male category, my students, when they're making money, they're walking in, I'm gonna tell you something, when they do the right |
| 133 | 00:23:07,200 --> 00:23:16,320 | things with ICT content, that is Viagra, okay? Guaranteed girlfriends and wives are satisfied. Okay, they're getting everything they hoped for for the weekend |
| 134 | 00:23:16,320 --> 00:23:28,410 | or that evening. But when they don't listen to sound logic, okay? This dysfunction, it's this function, and it takes the wind out of your sails |
| 135 | 00:23:28,410 --> 00:23:35,400 | completely. And for those of you that are male, you know exactly what I'm talking about. You could be going to the gym working out, you could be fit as a |
| 136 | 00:23:35,400 --> 00:23:44,580 | fiddle, you could be having to write duds, you can be dressed out and backed out with all the nice whips and cars, and you're doing well. But when you lose, and |
| 137 | 00:23:44,580 --> 00:23:54,780 | you know, you did it to yourself. It sucks. You don't want to be looked at by anybody else. You don't want to be judged by anybody else. You don't even want |
| 138 | 00:23:54,780 --> 00:24:05,130 | to talk about charting, you only talk about trading, you want to ignore it. Well, those moments, unless you rein that in properly, that will lead into a |
| 139 | 00:24:05,130 --> 00:24:15,240 | tailspin because you're going to want to fix that. That bad feeling. That toxic feeling of in, you know, a small little segment of failure. That's not the end |
| 140 | 00:24:15,240 --> 00:24:26,400 | of your career. But if you have not been properly mentored and spoken to with mindset, how do you how do you wrestle with the struggles of doing this? Because |
| 141 | 00:24:27,300 --> 00:24:34,710 | it's one thing to talk about. This is what works in this instance, in the marketplace. But what happens when you do it wrong, understandably, in the |
| 142 | 00:24:34,710 --> 00:24:42,450 | beginning, because you're learning, you're getting an experience. Every time every time you sit down and you study a market. If you're using that 2020 |
| 143 | 00:24:42,450 --> 00:24:53,520 | mentorship model, you have a specific expectation in the marketplace, and every transaction and time invested. You're getting experience from it. It may not be |
| 144 | 00:24:53,520 --> 00:25:04,890 | a positive one where you come out where Oh, I would have made money if I would have did this. If you go into this initially expecting that as a constant, or |
| 145 | 00:25:04,920 --> 00:25:17,250 | majority of the results, you're going to be discouraged. Why doesn't this stuff work? Michael? Yes, it does. But it works well in the hands of an act pupil, |
| 146 | 00:25:17,880 --> 00:25:28,140 | someone that's been doing all the things, taking notes, studying, using all the supportive lessons beyond the first five or so videos in that mentorship series. |
| 147 | 00:25:28,500 --> 00:25:34,950 | I saw a young man tweet to me, they said, Yeah, I watched the first couple of videos, and I figured it out. From that point on, I'm doing great. I don't like |
| 148 | 00:25:34,950 --> 00:25:42,930 | those comments. And I'm not going to highfive that because you don't know what you're doing. And I have no problem telling you that it's my content, you don't |
| 149 | 00:25:42,930 --> 00:25:50,400 | know what you're doing. Okay, if I just if I thought it was just the first few videos that were necessary, that's all I would have done. But you need |
| 150 | 00:25:50,400 --> 00:26:02,250 | supportive understanding, and things that you're going to encounter, when does a fair value get likely fail? When do you classify it as something other than a |
| 151 | 00:26:02,250 --> 00:26:11,400 | trade entry or target, these are all going to be problems for you, when you start pushing a button, whether it be demo paper trading, or foolishly entering |
| 152 | 00:26:11,400 --> 00:26:21,360 | into live trading too soon. You want to go in with your mission statement read every single time before you watch a video. So that way, you remind yourself, |
| 153 | 00:26:21,360 --> 00:26:30,630 | okay, I can talk about a lot of things. And you will be able to filter out the things where I'm talking about other people, because I gotta get it off my |
| 154 | 00:26:30,630 --> 00:26:39,330 | chest, and reminding everyone that this is really where you're supposed to be finding it from. Not watered down versions of it. But then you'll go into |
| 155 | 00:26:39,450 --> 00:26:46,470 | harvesting and pulling out the things that the meat, you'll get to what it is the point everybody's saying get to the point. The point is, you're getting the |
| 156 | 00:26:46,470 --> 00:26:54,510 | stuff that makes you better as a trader, because I've already taught you how to trade. I've taught everybody how to do that. But how do you become a |
| 157 | 00:26:54,510 --> 00:27:10,230 | consistently profitable trader? Well, you get that by listening to someone that's endured lots of losing, and the things that I did to stem that and keep |
| 158 | 00:27:10,230 --> 00:27:24,480 | it at bay, and also in, in many ways, understand the pitfalls that lead to that. And that stuff, when you're young as a developing student, and this is for |
| 159 | 00:27:24,510 --> 00:27:34,590 | females to not just the males are not beating up on you guys, only this culture that we have today is give it to me right now. |
| 160 | 00:27:36,210 --> 00:27:43,650 | And if you can't give to me right now, I'm unsubscribing. Good, unsubscribe. Because the way I teach I do it in such a way where I'm filtering people out. |
| 161 | 00:27:44,700 --> 00:27:51,720 | And that pisses people off. And I want them to lose their mind initially. Because if you're gonna lose your mind about me and how I teach, because I know |
| 162 | 00:27:51,720 --> 00:28:01,110 | how this is learned. I know how it's taught properly. But I also know there's going to be problem personalities that are going to be problem traders. And |
| 163 | 00:28:01,110 --> 00:28:09,360 | problem traders are going to be the ones that complain and say, Oh, you're a fraud. Oh, your shit doesn't work. Oh, you never do this. No, you never do that. |
| 164 | 00:28:09,360 --> 00:28:18,900 | But 2022 I came out with all the receipts. And now people all around the world are doing it too. So there's no way absolutely fucking No way. Anybody can stand |
| 165 | 00:28:18,900 --> 00:28:27,510 | anywhere and I'm ready for it. I'll trade in fucking court. Okay, I will do it. I will bring my fucking shit. And I will show everybody, everybody and they'll |
| 166 | 00:28:27,510 --> 00:28:36,870 | be fucking watching my YouTube channel, the judge will be fucking subscribe the fucking YouTube, I'm gonna give a fuck, let's go. But there are people that are |
| 167 | 00:28:36,870 --> 00:28:47,670 | not mentally prepared to suffer in their own hands. And that's what you're going to do as a trader. And nobody says it like that. But that's exactly what it is. |
| 168 | 00:28:48,120 --> 00:29:04,170 | You put yourself I put myself we all put ourselves in situations where it absolutely is painful. And loss will be the result. There is not ever been a |
| 169 | 00:29:04,170 --> 00:29:14,910 | trader that has ever gone out there and done it 100% I lose. I lose. Okay, I get it wrong sometimes. Okay. Bottom line is is it doesn't kill me to the point |
| 170 | 00:29:14,910 --> 00:29:27,300 | where I'm gonna give up or toss out the concept. You know, that model that 2020 model. It can look like it's really in the chart and your analysis lineup. Like |
| 171 | 00:29:27,300 --> 00:29:39,180 | Amy, I'm gonna do this trait and you put the trade on whether it's paper demo or live, and it will fail sometimes. It didn't fail. You did. When I do it wrong. I |
| 172 | 00:29:39,180 --> 00:29:49,290 | do it wrong. And I record it that way in my journal. You need to record it in your journal that way too. If you do that, number one, it teaches and fortifies |
| 173 | 00:29:49,320 --> 00:30:00,570 | personal responsibility. And when you're basically inputting that in your journal every single time you do it, you're going to have also increments where |
| 174 | 00:30:01,530 --> 00:30:11,490 | you'll have it done right. And now that that's the key, that's the, that's the, the superpower juice, if you want to call it, that keeps you going. Because I |
| 175 | 00:30:11,490 --> 00:30:23,550 | can tell you anything in these rants in these discussions that you might find encouraging, you might find that that little nudge that you need to keep going, |
| 176 | 00:30:24,300 --> 00:30:38,070 | no problem. But even me talking to you, and encouraging, you won't take away every bit of that. It just distracts you from what you were thinking and |
| 177 | 00:30:38,070 --> 00:30:46,410 | feeling. And when you stop listening to these things, you'll remember that you did major damage to yourself you ever traded, you did more trades than you |
| 178 | 00:30:46,410 --> 00:30:58,500 | should have. You listened to somebody else on social media that influenced you. And you recognize that that's painful. It sucks. And is the reason why I say |
| 179 | 00:30:58,830 --> 00:31:08,490 | don't go and try to keep up a equity curve on social media, equity curves on social media is toxic. You're trying to keep up with everybody else. And 99% |
| 180 | 00:31:08,490 --> 00:31:16,920 | These fuckers are out here are fake. They're pretend they can't, they can't. They're running reports, making $100,000 in hypothetical results, but they ain't |
| 181 | 00:31:16,920 --> 00:31:29,310 | fucking doing it. So I want to see that in 2023. I want to see all that real shit. Not I'm running, you know, Market Replay shit. If it can be done, you'll |
| 182 | 00:31:29,310 --> 00:31:41,730 | do it in real, real money. And I'm waiting for it. But you have to have an approach to doing this with a sober mindset. And coming in. Starting right away |
| 183 | 00:31:42,000 --> 00:31:49,590 | with the model 2022. It gives you the nuts and bolts. This is what it looks like. This is what a model looks like. This is what trading looks like this is |
| 184 | 00:31:49,590 --> 00:32:00,480 | how you go in you decipher what market bias will look like. Where do you place your stop loss? How do you take partials? When do you stop? When do you trade in |
| 185 | 00:32:00,480 --> 00:32:09,150 | the day? Do you sit down and trade all day long? 24 hours a day? Fuck no, you don't do that nobody should be doing as a new student. Nobody. Any fucking Ansel |
| 186 | 00:32:09,150 --> 00:32:20,730 | going out there saying that they should do that. They're fucking clowns. There's advantages to trading the times I've told you, period. Now, but I see T you |
| 187 | 00:32:20,730 --> 00:32:29,850 | treated as Yes, I do that the thumb my nose. Everybody says I have only certain times of the day where I trade and I can do I do anything. Anything I want, I |
| 188 | 00:32:29,850 --> 00:32:36,720 | can step in there and do it. But because I can do it doesn't mean it's an invitation for you to try to replicate what I do. Because you don't have the |
| 189 | 00:32:36,720 --> 00:32:42,840 | experience. You don't have the tools, you don't have all the resources I had that allow me to do those types of things. But I've given you a specific model |
| 190 | 00:32:42,840 --> 00:32:52,590 | that will allow you to have a foundation that puts you right in the charts. And that's where you should begin. Now, what should you do? If you've gone through |
| 191 | 00:32:52,590 --> 00:33:02,850 | the 2020 mentorship, and you're consistently finding setups, not 100% accurate, but you're consistently finding setups, and you're consistent in your paper |
| 192 | 00:33:02,850 --> 00:33:12,300 | trading? The question is going to be how will you know when to go into live trading, you'll know that when you know it, nobody will be convinced you |
| 193 | 00:33:12,300 --> 00:33:21,570 | otherwise. That's how you know. I never tell any of my students go and start trading live. That never happens. Never happened. I've never had a paid members |
| 194 | 00:33:22,170 --> 00:33:33,150 | talk to me in an email or in the form. And never, ever have I ever done publicly said, go into live trading. Know, if they've said I'm going into live trading, I |
| 195 | 00:33:33,150 --> 00:33:45,660 | immediately go in with go slow. Don't trade a lot and keep your risk altar light. It's all public. Because I know what happens. And they're gonna find out |
| 196 | 00:33:45,660 --> 00:33:56,700 | too. And just like you will if you ever go from paper and demo to live trading, some little magical experience takes place where suddenly doubt, fear, |
| 197 | 00:33:56,910 --> 00:34:10,440 | trepidation goes off the charts. You abandon everything you learned, and you become more interested in protecting your first trade. So it's actually better |
| 198 | 00:34:10,440 --> 00:34:20,160 | for you. This is a flip of fucking coin, buy or sell based on heads or tails. Okay, just get that shit out of the way. The first trade, you're all gonna worry |
| 199 | 00:34:20,160 --> 00:34:29,160 | about whether if it's a winning trade or a losing trade, just put it in the hands of risk. I'm sorry, but the risk and in the hands of chance. Put it |
| 200 | 00:34:29,160 --> 00:34:36,930 | smallest amount of leverage you could possibly have on the trade. And if you think you want to take a trade and you're worried about whether or not you can |
| 201 | 00:34:36,930 --> 00:34:44,310 | be right or wrong, just flip a coin. If it's heads, you buy it. If it's tails, you sell it. And then whatever happens you got to have the way it's done. It's |
| 202 | 00:34:44,310 --> 00:34:58,830 | one transaction. You've lost your virginity in terms of live trading. That fear is gone now. So now there's work going forward. I remember the first my first |
| 203 | 00:34:58,830 --> 00:35:10,710 | trade with Fox investments, where I bought that orange juice option lost 50% Every night, very frustrated. I was scared shitless I was like, Man, do I do |
| 204 | 00:35:10,710 --> 00:35:19,260 | this? Do I do this? Do I do this, and I just couldn't stand anymore. I was afraid to miss it. And I was afraid to do it. So I just said, Fuck it. I'm just |
| 205 | 00:35:19,260 --> 00:35:32,220 | doing it over and it's done. And then next day I woke up, I lost 50% amount of money I put into the option, no idea what I was doing. But that relief of having |
| 206 | 00:35:32,220 --> 00:35:43,440 | done it, and got it out of the way that fear and trepidation was going even though I lost 50% of the option premium paid for in my very first trade. Now |
| 207 | 00:35:43,440 --> 00:35:49,920 | think about this, go back to the mission statement was talking about when I first sat down to learn how to trade I was going to be a commodity trader and I |
| 208 | 00:35:49,920 --> 00:36:04,140 | was going to trade position trading. But my first trade wasn't based on it, it was based on three days using an option. The fuck was I doing that for? I was in |
| 209 | 00:36:04,140 --> 00:36:12,570 | a hurry to be doing something. And that's what a lot of you are doing. You watch a couple of videos, whether it be mine or someone else's. And you think you saw |
| 210 | 00:36:12,570 --> 00:36:22,920 | this before. And you go into the chart, and you're looking for something that resembles what you think you've learned in one or two videos. And then you push |
| 211 | 00:36:22,920 --> 00:36:38,130 | a button. And then you're shocked at the results not being what you expected. That's doing it wrong. My children have messed around and paper trading and demo |
| 212 | 00:36:38,130 --> 00:36:49,140 | accounts doing the same thing. It's normal, it's normal, you want it to be able to sit down, watch a video or two. And then go in there and be able to find |
| 213 | 00:36:49,140 --> 00:37:02,460 | something that banks, investment firms, big huge trading entities are in here, running roughshod over everybody with and you think you're gonna watch a couple |
| 214 | 00:37:02,460 --> 00:37:10,260 | ICD videos or anybody else's bullshit, and walk out there and push a couple of buttons. And all of a sudden, all this starts falling in your hands and you're |
| 215 | 00:37:10,260 --> 00:37:10,830 | rich now. |
| 216 | 00:37:12,480 --> 00:37:22,950 | Man, I've never taught that I've never taught that at all. I have been the largest opponent to that shit than anybody else on YouTube. That's what makes me |
| 217 | 00:37:22,950 --> 00:37:32,310 | boring. Because I'm not out there being that flashy person and telling you do this do that. I'm telling you be fucking boring. be boring, get 25 pips a week |
| 218 | 00:37:33,060 --> 00:37:40,230 | 25 pips a week, if you can do that, you can make a lot of money. If you're consistent. You can make that whatever you want it to be. But you can still lose |
| 219 | 00:37:40,230 --> 00:37:46,980 | your ass aiming for that 25 pips a week, if you are not diligent, if you don't know what you're doing, if you're reckless, if you're gambler at heart, you'll |
| 220 | 00:37:46,980 --> 00:38:00,570 | do that. But if you go through that 2020 mentorship properly once more. And you find consistency. And maybe you get funded. And now you're taking withdrawals |
| 221 | 00:38:00,690 --> 00:38:08,070 | from that funded account, and you're getting paid. I have students all around the world that are reporting that they're bringing their receipts, they're |
| 222 | 00:38:08,070 --> 00:38:19,350 | showing you on their own social media accounts and sending it to me on my Twitter. Young man went to number two spot on the FMO leaderboard. 70 grand, you |
| 223 | 00:38:19,350 --> 00:38:31,560 | know that that's results, folks. You know, that's not contrived. That's not paper trading. And, to me, that's awesome. I'm, I'm thoroughly impressed. Okay. |
| 224 | 00:38:31,980 --> 00:38:41,490 | But there's a lot of other folks that get these smaller little victories that just want to stay quiet and private. And they're not obligated to share their |
| 225 | 00:38:41,490 --> 00:38:52,200 | fucking experiences with you. Just like, I'm not obligated to do shit for you either. But I love doing it. I love it. But I'm not obligated to any of you. And |
| 226 | 00:38:52,200 --> 00:39:00,000 | when you start making money, and you see these people trolling, what you've learned, you're not fucking obligated to share anything with these people. These |
| 227 | 00:39:00,000 --> 00:39:06,870 | people are miserable, they're miserable, or they're competitors. And they're just getting their asses kicked by what I'm doing, which is both entertaining. |
| 228 | 00:39:08,610 --> 00:39:18,180 | But if you go through that 2020 mentorship, and you're consistent and you want to increase your understanding. What's the next logical step in learning? Go |
| 229 | 00:39:18,180 --> 00:39:30,360 | through the core content. It's a lot, it is a lot. But because you have that model to work with, you'll be able to respect and understand better where are |
| 230 | 00:39:30,360 --> 00:39:39,690 | those concepts could be plugged in and where others may not even be of any interest to you. You do not let me underscore this and preface it before we go |
| 231 | 00:39:39,690 --> 00:39:54,180 | any further. You do not need core content lessons. That model I have made now more private mentorship students consistent and profitable by sharing that |
| 232 | 00:39:54,180 --> 00:40:03,810 | publicly. And they went through several years of mentorship with me because they were trying to do everything. They're trying to place all these tools in the |
| 233 | 00:40:03,810 --> 00:40:14,700 | proper sequence. There isn't a sequence where you put all these things in the right place. Now there's a way of leaning on certain approaches to like, for |
| 234 | 00:40:14,700 --> 00:40:26,460 | instance, commandment traitors. Okay, that's as a long term tool. For me it term trading. It's useful in that regard. Could you use it as a backup or Confluence |
| 235 | 00:40:26,460 --> 00:40:37,140 | for your day trades? And you're trading only in that direction? Sure. There's nothing wrong with that? Do I need it? Fuck no, you don't need either. SMT. I |
| 236 | 00:40:37,140 --> 00:40:46,950 | tried to look for that in every single trade. But I don't demand that if it doesn't exist in the trade, I'm not going to be afraid to tilt still take, I'm |
| 237 | 00:40:46,950 --> 00:40:53,100 | going to still take the trade, if I see that there's a reason for it to go to a specific point of liquidity. If I knew where the draw liquidity is, and I'm in |
| 238 | 00:40:53,100 --> 00:41:01,650 | there the right time of the day. And I know everything's on my side, and they've already worked the opposite end of liquidity. And they've taken by side, and I |
| 239 | 00:41:01,650 --> 00:41:13,110 | know they're going to be reaching for and CO going, going counterparty with the sell side. Then I'm going to take the trade, if I see a bearish breaker if I see |
| 240 | 00:41:13,110 --> 00:41:24,150 | a traditional Oracle entry drill, which is a partial tap into a fair value gap. You're all wanting to know when is the fair value gap close? And when is it left |
| 241 | 00:41:24,150 --> 00:41:30,150 | open? That's what charter members learned. You're not entitled to that. So that's the reason why I don't answer a lot of your questions from core content. |
| 242 | 00:41:30,150 --> 00:41:37,020 | That's the reason why core content videos have the comment section turned off. Because I don't owe you those answers. Okay, but I did share those videos that |
| 243 | 00:41:37,020 --> 00:41:45,870 | keep people from wanting to buy from other people scamming and frauding. But they are useful to you, if you have an understanding about what it is you're |
| 244 | 00:41:45,870 --> 00:41:55,620 | trying to do in that 2020 mentorship model is the nuts and bolts of going out there and making ends meet. Can you turn into a millionaire with it? I |
| 245 | 00:41:55,620 --> 00:42:04,680 | personally believe you can. Can you blow your account lose money? Yep. If you break every rule, I've shown that yes, you will. If you follow every rule in |
| 246 | 00:42:04,680 --> 00:42:15,060 | there, but you do poor risk management money managing, you will still blow your account. Let me say that again. Because you probably didn't hear me. You can do |
| 247 | 00:42:15,090 --> 00:42:26,790 | everything right in terms of charting an entry and everything. But if you over leverage, risk too much, or you're not properly managing your trades, you can |
| 248 | 00:42:26,790 --> 00:42:36,660 | still blow your account. How could that happen? By not knowing how to handle yourself when you lose? You'll go in there and you'll push a button. Okay, you |
| 249 | 00:42:36,660 --> 00:42:47,520 | do something wrong. No problem. The average student or trader will say okay, let me reevaluate. Is the trade still valid or not? Oh, no, no, no, no, I'm right. |
| 250 | 00:42:47,580 --> 00:43:00,960 | Let me go in there and do this again. Well, that's imposing your will. You can't do that in the marketplace, you your will, is insignificant compared to the |
| 251 | 00:43:00,960 --> 00:43:09,600 | market, the market can do whatever the fuck it wants to do. And the people that run it, they make the rules, they change everything. If they want to reprice it |
| 252 | 00:43:09,600 --> 00:43:16,860 | to wherever they want to reprice it you can't change it by your buying and selling pressure, horseshit, your harmonic patterns, your Elliott Wave, all that |
| 253 | 00:43:16,860 --> 00:43:30,210 | stuff, your order blocks, I'll throw my shit in the hat too. When there's manual intervention, nothing fucking works. You are all wrecked. Okay, and we're in |
| 254 | 00:43:30,210 --> 00:43:42,720 | that category to where you would fall victim in those instances, and there's no way to prevent that. So there's always risk always. But what happens if you go |
| 255 | 00:43:42,720 --> 00:43:51,450 | through core content? And there's other videos? What should you go into next? Personally, I think that you should go through the market maker primer course. |
| 256 | 00:43:52,110 --> 00:44:04,020 | So the the best case scenario, looking back and mentoring, again publicly, and all the questions and things that I saw come up as inquiries, I think the proper |
| 257 | 00:44:04,020 --> 00:44:11,880 | order would be 2020 mentorship. Study that first because that gives you right into the charts and gives you something that gives you context, what is it |
| 258 | 00:44:11,880 --> 00:44:19,800 | you're gonna be doing? If you'd learn everything from my YouTube channel? What's it look like, when it works? What's it look like? This is one interpretation of |
| 259 | 00:44:19,800 --> 00:44:30,090 | it. Okay, it's easy, it's straight to the point. And you also see people all around the world making money with it. So there's proof. The second thing is to |
| 260 | 00:44:30,090 --> 00:44:39,780 | build understanding and fortify opportunities that can be used in other timeframes not just intraday by using the core content. So go through all 12 |
| 261 | 00:44:39,780 --> 00:44:48,810 | months core content, study that and whatever resonates with you, you pull out everything that doesn't resonate with you just ignore it. And why right makes a |
| 262 | 00:44:48,810 --> 00:44:55,050 | big deal about this. But there are things that are just not going to be pertinent to you as a trader and the style that you're trying to trade. And I |
| 263 | 00:44:55,050 --> 00:45:03,570 | don't take any offense to that. I'm practical, but you need to be practical with yourself. As a developing student, you got to be realistic and practical with |
| 264 | 00:45:03,570 --> 00:45:11,370 | yourself. You're not gonna be able to learn this real quick. You're not going to be getting rich real quick. You're not going to be to tell your boss fuck off. I |
| 265 | 00:45:11,400 --> 00:45:21,570 | just watched this video series, you're done, you're fired. Because that's not what you should be. Okay? And it makes me think about a video suggestion I saw |
| 266 | 00:45:21,570 --> 00:45:31,470 | this morning. Look up, I was on Twitter. I mean, not Twitter, YouTube, I saw there was a video said how to add a day trade, working full time and not get |
| 267 | 00:45:31,470 --> 00:45:43,050 | fired. I don't know. I don't know who did it. But I just thought that was funny. But I mean, that's the series I should do. But once you get to 2022, go to core |
| 268 | 00:45:43,050 --> 00:45:55,620 | content and then go through the market maker primer course. Okay, if you do that, I think honestly, that is real good for the technical side. But anywhere |
| 269 | 00:45:55,620 --> 00:46:05,760 | in between them, wherever you feel like you need it, you should go through the like the ends series, where it kind of like reminds you of what it is you're |
| 270 | 00:46:05,760 --> 00:46:15,540 | doing. That is a mission statement type teaching. It grounds you into thinking, Okay, I'm not out here trying to promote millionaire mindset, you go out here |
| 271 | 00:46:15,540 --> 00:46:24,360 | and you want to living the Instagram life. I'm out here trying to help people find a way to get a second income. That's it. And it works out that you make 200 |
| 272 | 00:46:24,360 --> 00:46:34,830 | hours a week, or 25 hours a week. And it's an extra $1,000 a month. You know what folks that in these times, it's helpful that I have a lot of money. And it |
| 273 | 00:46:34,830 --> 00:46:42,600 | costs me a lot of money when I'm out to the grocery store. And I always think to my wife all the time, like, how are people doing this? It's hard. Like it's |
| 274 | 00:46:42,600 --> 00:46:46,800 | really hard now, and I overpaid a lot for cars this year. And |
| 275 | 00:46:48,119 --> 00:46:57,059 | this house app purchase, I knew I was paying an inflated rate, I don't care, I don't have I have the funds to be able to do it and it doesn't hurt me. But the |
| 276 | 00:46:57,059 --> 00:47:07,169 | average person out there, you're maybe being priced out of the house, you may be priced out with the interest rates, okay. And if you can make an extra $1,000 a |
| 277 | 00:47:07,169 --> 00:47:16,709 | month, and not promising that everybody is going to do that. But I firmly believe that it's within the realm of possible for the majority of you that do |
| 278 | 00:47:16,889 --> 00:47:31,289 | work diligently towards mastering yourself and controlling risk. And you'll see that these things, they statistically have an edge. But you skew that edge as a |
| 279 | 00:47:31,289 --> 00:47:38,009 | traitor that the individual that comes into this. So you're going to need to listen to some things to remind you what it is, it's going to cause you |
| 280 | 00:47:38,009 --> 00:47:44,489 | problems. And you might want to listen to the series I did. Where if I could go back and tell myself what I knew now at 20 years old, because I live two |
| 281 | 00:47:44,489 --> 00:47:52,349 | different lives hiding from a gold digger. And I don't have any shame in saying that. And some of you ladies out there may think, Oh, your deadbeat asshole. You |
| 282 | 00:47:52,349 --> 00:48:00,719 | didn't take care of kids, my kids were taking care of my kid, my my oldest son, he was taken care of we had joint custody. But I had to hide a lot of things, |
| 283 | 00:48:01,259 --> 00:48:10,949 | and live a certain way to keep my gold digging affair, which I was not aware of that she was married. When I slept with her and I own it. It's mine. I did it, |
| 284 | 00:48:11,249 --> 00:48:23,339 | you know. But these things. Were a result of me trying to do what you see these Instagrammers do today. He's living fast kind of people. And I invited that kind |
| 285 | 00:48:23,339 --> 00:48:33,539 | of stuff into my life and not knowing I was naive, and this woman knew that I had something and she wanted it. And I found myself in a situation where I had |
| 286 | 00:48:33,539 --> 00:48:42,119 | brought up a person in the world that we didn't sit down and say, Hey, let's have a child together. She had a relationship that she was married in a son that |
| 287 | 00:48:42,119 --> 00:48:53,789 | I didn't know about. And I fell victim to that situation. And I talked to you through that. And I encourage my own children, I'm actually talking to my son's |
| 288 | 00:48:53,819 --> 00:49:02,879 | in all have these videos on YouTube, I'm talking to them. And because I'm pouring my heart out, I'm talking to them with my vision of their faces in my |
| 289 | 00:49:02,879 --> 00:49:12,749 | mind as I'm talking to them. It makes it feel like I'm talking to you. Because it's sincere number one, too. It's real. It's, it's real. And if you don't |
| 290 | 00:49:12,749 --> 00:49:20,459 | listen to those types of lessons, and you do the same things I've done, when I was younger, you're going to invite those types of things into your life, and it |
| 291 | 00:49:20,459 --> 00:49:31,769 | will wreck all kinds of progress. Like I think that myself all the time, like I knew how these markets work, and also know how I work. I know how I self |
| 292 | 00:49:31,769 --> 00:49:42,179 | sabotage. I know how I get a case of the asker I think nobody's better than me. And I know all of these character flaws. I have all these character flaws like |
| 293 | 00:49:42,209 --> 00:49:52,289 | everybody else but also have greater disadvantages because I have a mental disorder where I have a chemical imbalance that just will not relent sometimes. |
| 294 | 00:49:52,469 --> 00:50:01,919 | And you you experienced that obviously, several times, listen to these Twitter spaces, where I'm going to do The mercy of whatever I'm feeling at the moment. |
| 295 | 00:50:03,179 --> 00:50:14,819 | And some of you have reported that you have these same things. And it's hard, isn't it? But if you don't have a way to connect with the mentor that's teaching |
| 296 | 00:50:14,819 --> 00:50:27,929 | you and know that that's something that yes, in some many, many ways, it can be viewed as a hindrance or an obstacle. But there's a way through that too. And |
| 297 | 00:50:28,259 --> 00:50:39,119 | it's not going to be easy. And for folks that don't have that, if you're not bipolar, and you're just a normal person, you know, I envy that. Because I don't |
| 298 | 00:50:39,119 --> 00:50:51,539 | know what that feels like. But you have an advantage over someone like me. And when I first started teaching on baby pips in 2009 2010, that that social |
| 299 | 00:50:51,539 --> 00:51:02,339 | experiment that I introduced, I wanted to see, could I get the same result of other people coming up, like, like I did, and I presented the content and the |
| 300 | 00:51:02,339 --> 00:51:12,449 | lessons in the order that I went through discovery. And unfortunately, it's not a matter of me failing, it's just, I didn't get, I didn't get that test to |
| 301 | 00:51:12,449 --> 00:51:24,149 | result, where someone came out, like me. And obviously, I went down a dozen different rabbit trails. And the whole idea was how you going to study ICT and |
| 302 | 00:51:24,149 --> 00:51:32,789 | content, but you want to have a study journal, you want to go in with a mindset that you're doing that for a particular reason, you're not going to be |
| 303 | 00:51:32,789 --> 00:51:40,169 | distracted. You're not going to spend your time chasing social media entities and worshiping other people, and I'm on top of that list. Okay, showing |
| 304 | 00:51:40,169 --> 00:51:49,439 | appreciation. That's a respectful thing. Yes. But you don't need to constantly lavish me with love and all that other stuff. You focus on you. And every time |
| 305 | 00:51:49,439 --> 00:51:57,749 | you watch a video, and every time you study in the charts, you read your mission statement, what is it? What is it you're doing? Why are you doing it? And what |
| 306 | 00:51:57,749 --> 00:52:08,189 | is that goal, end result? Everything you do, should be aiming in that direction. If everything you're doing right now is opposed or slight deviation from that |
| 307 | 00:52:08,189 --> 00:52:23,549 | direction, you're wasting your fucking time. You're wasting your time. Because you have to have a course of direction. You have to know where your bearings |
| 308 | 00:52:23,549 --> 00:52:32,069 | are. Gotta constantly work in that direction. You're going to make mistakes, you're going to you're going to fall to the wayside because you've done |
| 309 | 00:52:32,069 --> 00:52:40,649 | something too soon. rushing to get in here and start pushing buttons and making money. Everybody right now everybody wants to go out, go out and get funded. |
| 310 | 00:52:41,939 --> 00:52:51,869 | Because he folks tweeting to me, Hey, I'm finding now pay I'm getting a payout now. Well, what does that create in weak minded individuals and folks, when I |
| 311 | 00:52:51,869 --> 00:53:03,779 | say weak minded, I'm not trying to say you're stupid. I'm not saying you're daft. I'm not saying you're a dense person, or a dunce. I'm saying that it's |
| 312 | 00:53:03,779 --> 00:53:10,079 | normal for you to want to rush into that. You want to do what everybody else is doing. And if they're doing something that's making money, guess what everybody |
| 313 | 00:53:10,079 --> 00:53:20,279 | was wanting to do that. But I'm unfortunately, that kind of guy is going to tell you, you're gonna have to work. Before you get there. You're gonna have to study |
| 314 | 00:53:20,309 --> 00:53:30,239 | a lot. And you're gonna have to defer weekend things that you usually do. You're gonna have to change your lifestyle, and save money, change your spending |
| 315 | 00:53:30,239 --> 00:53:42,539 | habits, remove, maybe even remove certain types of friends, and possibly family members, from your influence, are removing their influence from you. And I had |
| 316 | 00:53:42,539 --> 00:53:54,449 | to do that. And it didn't feel right. It didn't feel normal. It felt like I was being well, I felt like I was isolating myself with through depression. But |
| 317 | 00:53:55,229 --> 00:54:02,909 | these were conscious decisions I made it wasn't like, I reduced my circle of influence, because of anxiety. Because I had that experience too. When 2001 |
| 318 | 00:54:02,909 --> 00:54:12,629 | happened, I end up having generalized anxiety and develop agoraphobia, which is the fear of being around other people. And it was all based on September 11. And |
| 319 | 00:54:12,629 --> 00:54:21,359 | those buildings in such in New York happened. And everything was a source of fear for me. But I don't have any kind of fear, like nothing like I walk out |
| 320 | 00:54:21,359 --> 00:54:31,739 | there in a burning building. I don't give two shits, I ain't worried about nothing now. But that generalized anxiety, that fear that will creep into you in |
| 321 | 00:54:31,739 --> 00:54:43,889 | this trading, Endeavor faster. And when you're not prepared for it, and it'll completely derail you. They'll take you completely out of their focus. You won't |
| 322 | 00:54:43,889 --> 00:54:53,099 | know what it is you're doing and you'll lose sight of why you're doing it. There's so many folks out there that have started doing this. And because they |
| 323 | 00:54:53,099 --> 00:55:03,269 | were not able to master themselves and wrestle their internal demons, these things that are going to manifest stem cells, you know, these things that you do |
| 324 | 00:55:03,269 --> 00:55:17,249 | all the time? Let me ask you a question like, think about like this. Have your personal relationships have they been healthy? Now, for many young guys, it's |
| 325 | 00:55:17,249 --> 00:55:30,959 | probably gonna be no, I'm going to tip you off on something right now. If your personal relationships, you long term relationships, or the ability to hold on |
| 326 | 00:55:30,959 --> 00:55:40,169 | to a long term relationship, if that is a struggling point, I'm gonna tell you something, right? Now, you're gonna fucking suck as a trader, you're gonna suck. |
| 327 | 00:55:41,609 --> 00:55:53,579 | Because you are not going to commit to what's required to learn this. That's the reason why my students, the better students are the women. Because they're |
| 328 | 00:55:53,669 --> 00:56:06,209 | usually more committed to whatever endeavor they invest in. Think about when they get with you as a male. And they're usually the one that's hurt most |
| 329 | 00:56:06,209 --> 00:56:16,199 | because they poured everything into it, they've signed on, they've, they're committed, and it's easier for a guy to walk away. So if you have those |
| 330 | 00:56:16,199 --> 00:56:23,639 | character flaws in your personal relationships, that's a warning sign that you have things that you're gonna have to wrestle with. And you're going to try to |
| 331 | 00:56:23,639 --> 00:56:30,209 | put blinders on. And right now you're trying to ignore what I'm saying you don't want here, this is supposed to be about trading. No, this is about succeeding. |
| 332 | 00:56:30,239 --> 00:56:32,969 | And in training yourself properly studying. |
| 333 | 00:56:35,880 --> 00:56:44,490 | I don't give a fuck about cars, and houses and bank account statements and who to fucking win competitions. I care about successful students, that's what I |
| 334 | 00:56:44,490 --> 00:56:54,660 | want. And I know what causes that success to be deferred or denied. And these are the factors that are going to come up and people don't write about it in |
| 335 | 00:56:54,660 --> 00:57:01,440 | books, they don't talk about on their YouTube channels, because it's going to immediately cause their audience to do what take inventory, and it's not going |
| 336 | 00:57:01,440 --> 00:57:06,210 | to make them feel good about themselves, and they're not going to want to come back and Monster next fucking video, because the last time they were there, they |
| 337 | 00:57:06,210 --> 00:57:20,700 | got a dose of reality. And that reminded them that, hey, they're a fuckup. So it's better for you to hear someone that had that same fucking problem. And then |
| 338 | 00:57:20,700 --> 00:57:30,930 | how I fixed it, I owned it, it was the responsibility of mine. I made those mistakes, I had problems. I had commitment issues, because my first wife left me |
| 339 | 00:57:30,960 --> 00:57:39,600 | all these things I had, I had issues at chip on my shoulder. So I wanted to go out and prove to the world and her and her family members, and my own family |
| 340 | 00:57:39,600 --> 00:57:48,510 | members and my friends, that I could fucking do better than all of them. So when I went out there, and I pushed that first trade that option in orange juice |
| 341 | 00:57:48,510 --> 00:57:58,320 | futures. As a major, I think you can trade orange juice, yeah. Used to be able to trade bacon, pork bellies, but they don't trade them anymore. But I wanted to |
| 342 | 00:57:58,320 --> 00:58:07,830 | go out and prove myself. Because I needed to fix that pain. When what I was doing was, I'm using that pain as a reason to do something that the chart didn't |
| 343 | 00:58:07,830 --> 00:58:20,430 | tell me to do. And people still come to my content with those character flaws, those internal demons, and they're going to see an optimal trade entry in the |
| 344 | 00:58:20,430 --> 00:58:33,030 | chart, they're going to see a fair value model 2022. In the Chart, they're going to see a breaker in the chart. They're going to see everything they want to see. |
| 345 | 00:58:36,180 --> 00:58:45,390 | But really, what they want is an escape from that painful thing that they're feeling right now. They want to be distracted. And the worst thing you can do is |
| 346 | 00:58:45,390 --> 00:58:57,900 | use my videos as a distraction. To those problems. It's a new great now. You have to wrestle with them, you have to fix them. You have to take ownership and |
| 347 | 00:58:57,900 --> 00:59:06,750 | responsibility. If you cause those problems in your personal relationships, then you need to address the root causes of them. Change it because I'm gonna tell |
| 348 | 00:59:06,750 --> 00:59:20,940 | you something. I could not find consistency when I was painfully hurtin because my first wife left me because everything I was doing was just a reason to take |
| 349 | 00:59:20,940 --> 00:59:32,850 | away that pain. Much like a person that would use drugs, much like a person that would drink alcohol. I was self medicating, distracting myself from the real |
| 350 | 00:59:32,850 --> 00:59:44,880 | problems, because I felt like I wasn't worth it. She left me I was in school, learning computer science. And I was telling her look, I'm going to do well not |
| 351 | 00:59:44,880 --> 00:59:52,620 | I wasn't a trader yet. I wasn't sure I wasn't going to be a trade. I didn't know anything about trading it for me as a career. I learned about minus 15 and 16 |
| 352 | 00:59:52,620 --> 01:00:06,360 | from my uncle, but I just didn't want to do it but I was hurt. I wanted to do something to change that pain, and make myself be viewed by everyone around me. |
| 353 | 01:00:06,840 --> 01:00:18,840 | As, wow, you're successful. And if I heard other people say that it would replace that painful inner voice of me saying, I fucking sucked as a husband. I |
| 354 | 01:00:18,840 --> 01:00:27,810 | didn't spend enough time with her. But I couldn't do that, because I was going to school and working. And we were married when she was 16. I'm 18. I had to get |
| 355 | 01:00:27,810 --> 01:00:39,510 | her parents signature to approve the marriage. That was doomed. But I love her. And truth be told, I still love her. And I and my wife knows that and I wouldn't |
| 356 | 01:00:39,510 --> 01:00:47,460 | leave my wife for her. But you know what? It's like, what's your first and anybody says anything? Otherwise, this is a fucking liar. But that scarred me. |
| 357 | 01:00:47,760 --> 01:00:58,650 | And I wanted to fix that so bad. I always want to do anything in any kind of monetary loss. Hey, folks, I just lost my wife for how much more could I lose |
| 358 | 01:00:58,830 --> 01:01:13,950 | money and it's replaceable, I can't get my wife back. So for my first six years, I wrestled with that stuff. I couldn't, I couldn't fix it. I couldn't get |
| 359 | 01:01:13,950 --> 01:01:27,210 | through it. No book worked for me, no course worked for me. Everybody fucking failed me in my eyes as a mentor. Now, once I was able to fix those character |
| 360 | 01:01:27,210 --> 01:01:42,000 | flaws, then I was teachable. Think about that? Because this is a really hard question. And a lot of you know this is true, and you've ignored it, and you |
| 361 | 01:01:42,000 --> 01:01:53,160 | tried to pretend it wasn't real for you. But are you really at this moment right now? Are you in a position to be taught? Effectively? Or do you have something |
| 362 | 01:01:53,160 --> 01:02:05,610 | in you that's broken, that's going to prevent you from really being diligent and suffer the normalcy of the ebbs and flows of winning and losing while you're |
| 363 | 01:02:05,610 --> 01:02:14,520 | learning how to do this? Because I'm going to be honest with you, I think the majority of you are not. And that's the why that's the reason why I talk to you |
| 364 | 01:02:14,520 --> 01:02:22,080 | the way I talk to you because I had to endure it too. And I have a lot of students, and they, they're very honest with me, and they wrestle with these |
| 365 | 01:02:22,080 --> 01:02:33,900 | things, too. And when they finally get through that, they forgive themselves. They forgive the people that hurt them. Like I forgive my wife, my wife. When I |
| 366 | 01:02:33,900 --> 01:02:42,150 | say my wife, my first wife, I often think and I had conversation with my wife several times when we have drives together, I'm like, she's, what do you think? |
| 367 | 01:02:42,150 --> 01:02:52,020 | And right now, I said, if I can be honest with you, and you not get angry, I'm thinking right now. I wish my wife could see me right now. Because when she |
| 368 | 01:02:52,020 --> 01:03:06,120 | left, she didn't believe that anything I was going to ever do, was going to be successful. Because she was a kid, just like I was. And she heard my same uncles |
| 369 | 01:03:06,120 --> 01:03:15,000 | and aunts and, you know, such talk down to us will talk down to me saying, Oh, it's a pipe dream, you're going to be working just like the rest of us. So if |
| 370 | 01:03:15,000 --> 01:03:23,820 | you doubt it, and in the person, you're married to his own family members tell you in the witness of your own attention, that that person you're married to |
| 371 | 01:03:23,820 --> 01:03:32,880 | isn't going to be successful to. You're young and impressionable. So all of that weighed on her heavily. And she was sexually abused since she was eight years |
| 372 | 01:03:32,880 --> 01:03:42,090 | old. All of those things, she had a lot of mental baggage and it was easy for her to do what just escaped, cut her losses short. And I just want her to see |
| 373 | 01:03:44,340 --> 01:03:46,080 | you were wrong. But I don't want |
| 374 | 01:03:51,630 --> 01:04:05,820 | going through that at the moment, then. That was hard. Like, I didn't want to do anything. I don't wanna hang around my friends. I didn't want to do shit. I |
| 375 | 01:04:05,820 --> 01:04:17,430 | stopped working out. And it was just depression. And the only thing that motivated me was you know, what? If fuck computer science, fuck that. My uncle |
| 376 | 01:04:17,460 --> 01:04:25,110 | talks about this trading shit. And that book that threw away into the corner because I bought this guy's course Ken Roberts. I'm gonna go read that again. |
| 377 | 01:04:26,010 --> 01:04:34,080 | And I'm gonna go into this and I'm gonna, I'm gonna do that. Because if I can make money doing that, everybody's gonna find that successful because, you know, |
| 378 | 01:04:34,110 --> 01:04:45,510 | there was a movie out there called trading places it had Dan Aykroyd and Eddie Murphy and it really funny movie even it's dated, but it's still funny. I |
| 379 | 01:04:45,510 --> 01:04:54,180 | watched that and I think myself you know what, I'm going to be a comeback kid. fucking do that. Okay, I'm going to be successful in trading commodities. That's |
| 380 | 01:04:54,210 --> 01:05:05,880 | that was going to be my my Avenue. Now I didn't have what you have available to you I'm not saying just me as a mentor. There's so many resources, it's for free |
| 381 | 01:05:05,880 --> 01:05:15,060 | right now that you can tap into for information. Now, I'm not talking courses, this is a lot of bullshit doesn't work. But resources at your fingertips. The |
| 382 | 01:05:15,060 --> 01:05:23,070 | thing I'm holding in my head right now talking into this stupid is fucking cell phone can't stand carrying around. It has more information in it. And the |
| 383 | 01:05:23,070 --> 01:05:33,690 | ability to do things that 25 years ago, our own President couldn't have this much control and power over. And he was the president. So it's amazing what |
| 384 | 01:05:33,690 --> 01:05:51,690 | technology has developed in recent years and decades. But I needed to feel good about myself. So I went from really trying to replace a painful feeling of loss, |
| 385 | 01:05:51,690 --> 01:06:06,450 | depression and self worth being next to none, too. I got to stop thinking like that, and focus on the target. What am I trying to do here? Because if I'm just |
| 386 | 01:06:06,450 --> 01:06:14,520 | trying to replace a bad moment, or feeling right now, maybe you're in a failed relationship. I have several women in my mentorship that have some of them |
| 387 | 01:06:14,520 --> 01:06:23,160 | started the mentorship together with their male Counterparty. And they separated. Soon as they started seeing success. The male said, I'm out of here. |
| 388 | 01:06:24,450 --> 01:06:37,200 | And now they're dealing with, yes, they know how to trade. But they can't trade now because they're hurt. And they're asking me, you know how to fix that. The |
| 389 | 01:06:37,200 --> 01:06:46,500 | only way I could do it was number one, I turn to Christ to I focused on the task. What is it that I was trying to do? I was replacing a negative feeling. So |
| 390 | 01:06:46,500 --> 01:06:59,580 | that way, I can have a feel good moment, replacing a bad moment. Okay. So how do you do that? Well, your mind can only focus on one thing. And being bipolar and |
| 391 | 01:06:59,580 --> 01:07:10,350 | obsessive. My mind races 1000 miles an hour. And there's dozens of thoughts that are wrestling to try to be the one in front of the line. And it's very difficult |
| 392 | 01:07:10,350 --> 01:07:17,010 | for me to focus like that. And you've probably seen that in this discussion, too, because I'm all over the place. But hopefully, you get what I'm saying |
| 393 | 01:07:17,010 --> 01:07:26,010 | here. And in the grand scheme of things, you have to focus on that mission statement. Why you're Why are you doing this? Why are you listening to me? What |
| 394 | 01:07:26,010 --> 01:07:34,680 | do you hope to gain from that? Have you seen something in the things that I've taught, or my students that make you want to do that too, that's what you that's |
| 395 | 01:07:34,680 --> 01:07:43,680 | what you latch on to, you do not look at it as I'm gonna go in here every day, because I'm pissed off about where I work at, I didn't get that raise, you know? |
| 396 | 01:07:46,980 --> 01:08:02,700 | Hang on I thought she was talking to me. You know, fucking Carl, he's got employee of the week he's parking in the front, you're pissed off about that. |
| 397 | 01:08:03,540 --> 01:08:12,960 | Everybody is giving you some sort of written off. So now you have resentment. You want to go in and you want to have a feel good moment, you want to hit a |
| 398 | 01:08:12,960 --> 01:08:23,220 | lottery. So you're you're wanting to go in and trade on that reason alone. It may not be something simple and trivial is what I'm trying to be here. But |
| 399 | 01:08:23,370 --> 01:08:32,550 | there's something in your head at the moment, right now, that's motivating you to want to make money right now, not just the necessity of making money. |
| 400 | 01:08:33,000 --> 01:08:46,320 | Everybody has that? Even me, I have bills. But there's something driving you that's causing the rush, the not the rush of feel good. But the impatience |
| 401 | 01:08:46,320 --> 01:08:55,560 | factor, that impatience factor is what is going to undermine you. And that's why I tell her right, don't rush through my videos. That's the worst thing you can |
| 402 | 01:08:55,560 --> 01:09:02,730 | do. Because what you're doing is you're proving you're not going to be disciplined to do this. If you're not sorry, if you hurt my stomach. I haven't |
| 403 | 01:09:02,850 --> 01:09:11,850 | eaten anything yet. I haven't even drank any water yet. But I have so many folks that have gone through mentorship on YouTube, mentorship, and private |
| 404 | 01:09:11,850 --> 01:09:23,400 | mentorship, and their complaint will be but I watched all the videos. Okay, watching them. That's the minimum expectation. You've done the least well done, |
| 405 | 01:09:23,430 --> 01:09:33,720 | you got to participation award. But you have to fucking do the work. That means you have to sit down. And you have to look at what the market did today after it |
| 406 | 01:09:33,720 --> 01:09:43,410 | happened. And then how's that work inside of what we've done for the week? What's the range? What did today's work in price delivery, where its highest |
| 407 | 01:09:43,410 --> 01:09:51,360 | high and its lowest low? Where the trade formations that you can identify based on that 2020 model? Where did they form? And how does that relate to what the |
| 408 | 01:09:51,360 --> 01:10:02,610 | weekly range has been for this present week and how we have worked with previous week. And where is it drawing to on that daily and weekly chart. You do that |
| 409 | 01:10:02,610 --> 01:10:13,590 | every single day, you will not understand what it is that you're supposed to see the first couple of weeks doing it. But because you'll be doing that, and you're |
| 410 | 01:10:13,590 --> 01:10:20,250 | logging your charts, and you're recording your observations and your questions and your concerns and your doubts, and you put that in your journal, you do not |
| 411 | 01:10:20,250 --> 01:10:32,130 | fucking send that to me, and then text or tweet, or post it on a form, you put it into a study journal. And when that moment happens, and if you're diligent |
| 412 | 01:10:32,130 --> 01:10:39,600 | about it, you'll find it it happens within the first year, oh, here we go back to that year, again, I got time for a year, then you can't be a student of mine. |
| 413 | 01:10:43,290 --> 01:10:56,820 | here that you can't, you can't be a student of mine. You're coming here with an expectation of, I need to learn it the way I want to learn it. And that means |
| 414 | 01:10:56,820 --> 01:11:05,880 | you know it, you know what it is you need to know, when you don't know what it is that you need to know. See, that's the arrogance and the impatience of this |
| 415 | 01:11:05,880 --> 01:11:19,770 | culture today. And that's what I get. I lose my impatience with the folks today. And that's the reason why I built in a lot of shit that makes you have to work |
| 416 | 01:11:19,770 --> 01:11:30,690 | for it. Because I don't have time for people that are lazy. Because I know I can't fix your laziness. I can't fix that. But I can make people profitable. I |
| 417 | 01:11:30,690 --> 01:11:40,020 | can make them consistent, I can do that. I can lay the resources in their hands, the right way, the right approach. And if they do that, after they fix |
| 418 | 01:11:40,020 --> 01:11:49,710 | themselves, they have every advantage in the world of being consistently profitable. Will they lose money? Yes, every trader loses money. But those |
| 419 | 01:11:49,710 --> 01:11:57,720 | losses won't incur to a degree where they lose their mind because they understand how they wreck themselves. Because, oh, I'm doing more trades now |
| 420 | 01:11:57,720 --> 01:12:05,310 | show because I'm worrying about that bad feeling like I have a losing trade. I have a losing trade. So what your spouse is going to ask you did you make money |
| 421 | 01:12:05,310 --> 01:12:13,380 | today? Now I did something wrong. It didn't pan out, okay. Don't worry about honey, you will get there tomorrow, or you'll get it back. That's encouraging |
| 422 | 01:12:13,380 --> 01:12:20,190 | spouse. If you know that about your spouse, that they're not going to be equipped to be like that, then you don't fucking talk about trading with your |
| 423 | 01:12:20,190 --> 01:12:30,780 | spouse. See how that works? You you sit down with your spouse and say, Look, how are you going to approach this if I lose money? Because if you lose your shit |
| 424 | 01:12:30,780 --> 01:12:40,050 | about it, we need to come to great agreement right now, before I go any further. This is what I'm willing to risk. This is what I'm willing to invest in time and |
| 425 | 01:12:40,050 --> 01:12:52,920 | money. Are you in agreement with that? That has to be sorted out. Because if you go in selfishly saying, Look, woman, this is the way it is. And if you don't |
| 426 | 01:12:52,920 --> 01:13:01,590 | like it, there's a door don't I hate Jeunesse because I'm gonna tell you something. She might do that. And you're going to see how impossible it is to |
| 427 | 01:13:01,590 --> 01:13:09,900 | fucking trade profitably. Because your heart is going to walk out the door with her. Oh, no, no, it will. It fucking will. And if you don't think so wait to see |
| 428 | 01:13:09,900 --> 01:13:20,640 | what somebody else you're trading will turn to shit real quick. So you have to worry about all those things that people don't write about in books, these young |
| 429 | 01:13:20,640 --> 01:13:29,460 | 20 year olds, they don't even have relationships. They're not married. Okay, they're out there trying to tastes chase tail all the time. They're not going to |
| 430 | 01:13:29,460 --> 01:13:40,410 | talk to you about these things. They're going to be heavyweights. In your, in your continuity. But as a 50 year old man, two marriages, five kids, two |
| 431 | 01:13:40,410 --> 01:13:51,660 | miscarriages. I have endured some things. And I know how those things impacted me. And I'm not ashamed to tell you how they impacted me because it's raw and |
| 432 | 01:13:51,660 --> 01:14:03,180 | it's real. And I know that there are people out there like me and have got it worse. See, I didn't have to pay child support when I got with that gold digger |
| 433 | 01:14:03,480 --> 01:14:21,300 | because I took extreme measures. But we had joint custody. So I did half she did here. And that was it. But some of you out here made poor choices didn't manage |
| 434 | 01:14:21,300 --> 01:14:29,760 | your relationships well, and you created children that you were not really responsible for. And now you have to pay a whole lot of money and Southport. Own |
| 435 | 01:14:29,760 --> 01:14:43,320 | it. Be a fucking man and own it. And this is one way you can do that. And guess what, you could also become a positive role model for your child. That |
| 436 | 01:14:43,320 --> 01:14:56,700 | relationship failed, okay. But don't fail as a parent. But if you have those things wrestling with, you know, all these failures in life. They're going to |
| 437 | 01:14:56,700 --> 01:15:06,450 | weigh on your decision making they're going to weigh on your day. Well, um, as a student and to ignore them, or pretend to, that's not true, you're lying to |
| 438 | 01:15:06,450 --> 01:15:18,270 | yourself. And you're wasting your fucking time because I'm telling you, every person, every person has regrets every single one of us do. And if you've not |
| 439 | 01:15:18,270 --> 01:15:29,130 | wrestled with that and sorted it out and forgiven yourself, and that other person, you're going to be motivated by all the wrong things. And my videos, my |
| 440 | 01:15:29,130 --> 01:15:36,030 | teachings, my mentorship and even sit down with me live pointing out shit before it happens in a chart next year, is still going to fucking cause you to lose |
| 441 | 01:15:36,030 --> 01:15:48,390 | money. And because you are weak minded, you're gonna say, these things don't work, despite all the evidence saying otherwise. Because you need to say those |
| 442 | 01:15:48,390 --> 01:16:00,570 | things to exist. Because you can't take ownership that you are the problem. Much like I was the problem. When I first started, I was the problem. When I was 20 |
| 443 | 01:16:00,570 --> 01:16:10,140 | years old, everything. Larry Williams honestly could have sat down with me, okay, and said, Hey, this is what you do do this, do that. And I could have made |
| 444 | 01:16:10,140 --> 01:16:22,680 | money and I still would have fucked it up. Think about that, that's your fucking mentor telling you this. Michael Joe Huddleston. ICT himself, Larry Williams |
| 445 | 01:16:23,250 --> 01:16:33,300 | could have invited me to his fucking home and spent months there, teaching me in one on one. And I could have made money with him helping me right there. And I |
| 446 | 01:16:33,300 --> 01:16:40,890 | would have went home and guess what would happen, I would have won, I would have blown my fucking account. Still, I would have lost money still. And I would have |
| 447 | 01:16:40,890 --> 01:16:53,700 | fucking vilified him, then. Why? Because I didn't have my shit together. My head wasn't right. I was going into trading for all the wrong reasons I wanted to |
| 448 | 01:16:53,700 --> 01:17:06,900 | prove my self worth to my ex wife. I wanted the winter back. That's what I was doing it for. And you can't do that, folks, you can't have these self worth |
| 449 | 01:17:07,050 --> 01:17:18,360 | driven purposes in trading, you can now that's a byproduct of being consistently profitable. That happens as a natural order of things. But that shouldn't be, it |
| 450 | 01:17:18,360 --> 01:17:32,070 | should not be ever, the reason why you're pushing the button. Now it can be encouraging factors that keep you studying. But anytime you ever sit down, take |
| 451 | 01:17:32,070 --> 01:17:45,420 | a trade or push a trade button, whether it be demo, paper or live. If the last thought you had in your mind was painful, hurtful, or envious, or wanting to |
| 452 | 01:17:45,420 --> 01:17:53,370 | prove something to somebody else, I promise you that trade is going to be toxic. It's going to be poison. |
| 453 | 01:17:55,170 --> 01:18:05,340 | And you don't get that in books. You don't get that from 20 year old mentors on YouTube, Instagram, you don't get it from people that haven't really gone |
| 454 | 01:18:05,340 --> 01:18:20,280 | through some shit. It doesn't get more real than this. So to study with me properly, that's the shit you got to sort out. It might be something as trivial |
| 455 | 01:18:20,280 --> 01:18:32,670 | as you know. Maybe in COVID, you gain weight. Maybe it's bothering you, maybe it's plaguing you, maybe it's a health disorder that you developed. And it's |
| 456 | 01:18:32,670 --> 01:18:46,500 | taken the steam out of you. Maybe it's an injury. It doesn't have to be something on a life relationship side of things, but something has beaten you |
| 457 | 01:18:46,500 --> 01:18:57,450 | down to where you feel like your self worth is, has been reduced to, to such a degree that you're now trying to do things to distract you from that instead of |
| 458 | 01:18:57,450 --> 01:19:06,840 | the saying, You know what just happened? Just like it happened to me. I was a young man. 18 years old, got married to a 16 year old girl that I lost my |
| 459 | 01:19:06,840 --> 01:19:25,860 | virginity to. I loved her. She looked like Alicia Silverstone. And she was my heart. And when she left a year and a half after marriage, it fucked me up. Like |
| 460 | 01:19:25,860 --> 01:19:41,730 | it fucked me all up. And that's when I was really trying to be something I couldn't be before I was ready. I wanted to be what you hear me now. Like I know |
| 461 | 01:19:41,730 --> 01:19:52,560 | what I'm doing now. I know what I shouldn't be worrying about. I know what I should focus on. I know what I'm capable of. But I was in a rush to get that in |
| 462 | 01:19:52,560 --> 01:20:08,430 | a month. I wanted to be able to make $100,000 a week then That was impossible for me. But back then, oh, it was going to be possible. Because I had to move |
| 463 | 01:20:08,430 --> 01:20:23,490 | mountains. I'm gonna do it. Like every 20 year old, they think they can blow Heartland when. But these things are going to be real issues in your in your |
| 464 | 01:20:23,490 --> 01:20:36,330 | development. And it's a it's not easy. And I don't have fixes for everything. But I do know root causes and they were root causes in mind. And a lot of folks |
| 465 | 01:20:36,330 --> 01:20:47,910 | that talk about psychology and trading and talk about mindset things, they don't really touch on these topics, because again, it forces the audience to take |
| 466 | 01:20:47,910 --> 01:20:57,720 | personal inventory in their dark corners in everybody's life. They don't want to revisit these things. They don't want to have to say, You know what, you're |
| 467 | 01:20:57,720 --> 01:21:08,370 | right. I'm not as perfect as everybody else thinks I am. They don't, they don't know these things about me. And I don't want to make it known. You don't have to |
| 468 | 01:21:08,370 --> 01:21:19,440 | make it known publicly. But you have to wrestle with them personally, and fix them. Because they will creep into your trading your development, and they will |
| 469 | 01:21:19,440 --> 01:21:31,710 | hinder you. And in many cases in the extreme, they will deny you success. And it's not because the concepts or the method doesn't work. It's because you're |
| 470 | 01:21:31,710 --> 01:21:42,030 | trying to do something that's impossible, right from Jump Street. And you're being motivated to make decisions financially. Because you're emotionally |
| 471 | 01:21:42,060 --> 01:21:53,220 | charged. You're trying to feel good. Versus Am I trading the model? Am I controlling and managing my personal risk? Am I following the rules when taking |
| 472 | 01:21:53,220 --> 01:22:00,600 | potential profits and getting those profits in parcels when it's made available to me? Or am I too worried about being perfect so that we can brag about that to |
| 473 | 01:22:00,600 --> 01:22:11,370 | my friends and co workers that I made the weekly salary of the highest paid person in your department? Karl? Stock Karl, fuck him. Fuck him in his parking |
| 474 | 01:22:11,370 --> 01:22:18,930 | spot. Fuck him in his fucking brown nosing fuck them. Okay, there's always going to be a fucking Karl. There's gonna be Karl on social media, which may correlate |
| 475 | 01:22:18,930 --> 01:22:27,900 | your fucking jobs. There's gonna be car what your fucking Lodge is gonna be in your pool, fucking League, your bowling league, your fucking soccer team, |
| 476 | 01:22:27,900 --> 01:22:38,970 | there's always gonna be a fucking car. There's always a fucking car all these people should not be an influence to you what they're doing, that's third walk. |
| 477 | 01:22:38,970 --> 01:22:51,630 | That's their life. That's their thing. You're here to learn how to make fucking money. That's it. You're not here to look fucking cute. You're not here to be |
| 478 | 01:22:51,630 --> 01:23:02,430 | Billy badass. You're not here for a fucking image. You're here to make money. dinero. Okay, that's what you're here for. If you're not here to get the |
| 479 | 01:23:02,430 --> 01:23:14,310 | scratch, don't come over here. Because the way I do things isn't going to be sugar coated. I'm not going to present this in a well packets program where |
| 480 | 01:23:14,310 --> 01:23:28,680 | everybody can subscribe. I'm really glad that this this rant came place. I can't make you feel good all the time. And you develop sometimes you need to have a |
| 481 | 01:23:28,680 --> 01:23:39,390 | woodshed moment. And most of you. And unfortunately, it's the males. Most of you are walking around with blinders on, you want to. Here's the technical entries. |
| 482 | 01:23:39,570 --> 01:23:52,200 | Here's the mumbo jumbo the fucking lingo ICP talks about and I'm doing trades like him. But you're not sharing all the other times you're doing it wrong. And |
| 483 | 01:23:52,200 --> 01:24:02,100 | you know, that's the truth. There's a lot of you that are very, very busy, very busy sharing your examples with me. And I can tell who you are because of the |
| 484 | 01:24:02,100 --> 01:24:12,300 | level of examples you're sharing. And you're only sharing the ones you're winning. And you know, that's the truth. Stop. You're doing that because you |
| 485 | 01:24:12,300 --> 01:24:20,970 | want a like or heart by me. And that's going to scratch that little itch that emotional nerves that you need. That's distracting you from what the ones you |
| 486 | 01:24:20,970 --> 01:24:37,620 | did wrong. He wasn't ready for that were you? See, when I taught people one on one. They didn't have that luxury of hiding what they were failing. They showed |
| 487 | 01:24:37,620 --> 01:24:46,260 | the every everything. And that's the best way to learn. Be honest, if you've done something wrong, share that and say this is what I did wrong. And this is |
| 488 | 01:24:46,260 --> 01:24:57,720 | what I've taken away from that experience. How many of my students are doing that on Twitter? If there's five it's more than I thought. But everybody's |
| 489 | 01:24:57,720 --> 01:25:09,660 | showing you what the Positive, I'm encouraging you all, to start sharing where you did it wrong, what you thought you saw on the chart, and what you gleaned |
| 490 | 01:25:09,660 --> 01:25:23,760 | from that error. Because that will be a huge encouragement to the community. And also, it'll encourage me as the mentor because I lose too. I do it wrong, |
| 491 | 01:25:23,760 --> 01:25:36,000 | sometimes. There's no shame in that. But you have to number one, know, in the heart of hearts, every facet in your being, when you go in, you start pushing |
| 492 | 01:25:36,000 --> 01:25:47,460 | that button, you're doing it because you know, you're following that model, you're not trying to replace a bad feeling, a bad thought, or a sense of self |
| 493 | 01:25:47,460 --> 01:25:47,880 | worth. |
| 494 | 01:25:53,010 --> 01:26:04,620 | So that's how you should go and study nicety content. If you don't go into the content with a clear mindset, you're not going in there, hindered, with shit |
| 495 | 01:26:04,620 --> 01:26:12,180 | that's bogging you down emotionally and psychologically, your boyfriend left you, your girlfriend left you, he just got fired, you know, all that shit, you |
| 496 | 01:26:12,180 --> 01:26:21,810 | know, you got to come to terms with all that stuff. And I'm not equipped to know all the answers or solutions to all those things. I don't claim to know those |
| 497 | 01:26:21,810 --> 01:26:32,880 | things. But I can tell you, your mentor, the guy talking to you right now, I had that kind of stuff, too. I was not exempt from that. In it made it harder for me |
| 498 | 01:26:32,910 --> 01:26:43,680 | it did. And when I had initial success when I had it, I had it earlier than six years. But I wanted to be better. So I changed a lot of things and went to a |
| 499 | 01:26:43,680 --> 01:26:54,930 | shit show. Because I wanted to be really superhuman, perfect. I go back to the drawing board. I really had it like three years, just really technically like |
| 500 | 01:26:54,930 --> 01:27:08,070 | two, two and three quarters years. But then I spent three years plus fucking around tinkering with it. Which takes you also to another point. If you find |
| 501 | 01:27:08,280 --> 01:27:21,600 | your successful model, in the 2020 mentorship, don't go any further. When you're telling people not to watch your videos, but don't you get ad revenue, yeah, get |
| 502 | 01:27:21,600 --> 01:27:35,460 | ad revenue. But I'm also more inclined to seeing you succeed. Because I get my rocks off when people are finding consistency. And they learned because I get my |
| 503 | 01:27:35,460 --> 01:27:46,110 | rocks off when people are finding consistency. And they learned how to do this properly. And they don't need to hold my hand. That that's how I teach. I never |
| 504 | 01:27:46,110 --> 01:27:54,900 | invite the opportunity for you to be holding my hand or I'm holding your seat on your bicycle while you're pedaling. Whether you realize it or not, you feel like |
| 505 | 01:27:54,900 --> 01:28:05,670 | I've been holding the seat for you. Because you have all these videos where I'm talking. But I wasn't there when you push those buttons. I am not there. When |
| 506 | 01:28:05,670 --> 01:28:17,190 | you finally get to that point of success. I'm not there. You just remember hearing me. But you did it. Just like your dad is running along that bicycle. |
| 507 | 01:28:17,670 --> 01:28:37,620 | Okay, I gotcha. I gotcha in his hand is at his side. Not that bicycle seat. But you feel confident because you're trusting the process. So I'm not sure get |
| 508 | 01:28:37,620 --> 01:28:50,910 | anything out of this one. But I want you to go into 2023 with that mindset, how you should go into your teachings, studying and more specifically taking |
| 509 | 01:28:50,940 --> 01:28:59,280 | personal ownership of your character flaws and the things that are going to be motivating you. And if it's not the right things, it's motivating you go |
| 510 | 01:28:59,280 --> 01:29:09,900 | exercise, go work out, go do something to get that negative energy burnt off, and then go and do your studies. Don't go in mad. If you're hurt someone hurt |
| 511 | 01:29:09,900 --> 01:29:19,170 | your feelings. Or if you're feeling sick, don't study, you have to have an optimal mindset when you sit down you studying in either the videos or in |
| 512 | 01:29:19,260 --> 01:29:32,970 | charting because you're you're preventing optimal learning. So after the other courses in series on my YouTube channel, you pick them into them from whatever |
| 513 | 01:29:32,970 --> 01:29:40,830 | you want to go on next. But I think that what I just gave you here is plenty, you know, and the easiest way is to support all of them. But you should all |
| 514 | 01:29:40,830 --> 01:29:49,500 | start with 2020 mentorship, because that goes right to the ground running. This is what it looks like in trading. This is a model this is a approach. This is a |
| 515 | 01:29:49,770 --> 01:29:59,130 | system and it repeats and you can find it on all timeframes and it can be adjusted and scaled to any timeframe. It doesn't have to be an intraday model. |
| 516 | 01:30:00,960 --> 01:30:11,760 | So this is going to be the close and I will wish you all a very very Merry Christmas and Happy New Year. I will probably send you a tweet saying so but |
| 517 | 01:30:11,760 --> 01:30:21,510 | that will be the last time i i post until February so I know I've been being funny and teasing y'all going out the door but I am absolutely closed. Today we |
| 518 | 01:30:21,510 --> 01:30:33,510 | got through the last week of what I like to see in terms of the holidays schedule, coming to a close and now I will be in full holiday swing. And for |
| 519 | 01:30:33,510 --> 01:30:46,110 | everyone that's sending me cards and letters and gifts and things. Thank you so very much. It's very touching. And I'll talk to you on February 7 2023. Be safe |