027-ict-tw-spaces-20221229-Post-Christmas-2023-Preview
Outline
00:19 - What we’re going to be doing in 2023.
03:36 - You don’t want to be emotional in your trading -.
07:10 - Live streaming is a fascinating study of human psychology.
11:48 - Building your confidence in yourself -.
16:36 - The words I’m going to be using are very very important.
24:50 - You’re going to find longevity by looking for one thing to repeat.
28:20 - You don’t need me to push a button -.
30:53 - You have to have a spirit of expectation.
34:52 - What it’s like to be mentored by someone who knows how to do it -.
42:31 - Get to the point where you’re ready to learn.
46:20 - When you get to high school, you have to go into the real world and continue your education.
49:40 - Why you don’t want your trading to be like the Olympics -.
51:17 - The young crowd and influencers -.
58:06 - You can’t be divided in your mind -.
01:00:30 - Why you should never use certapro painters.
01:04:25 - What’s going to happen to the market.
01:07:48 - You don’t need to be trading any one particular market over another. There’s a big move every year.
01:10:36 - Why you don’t need to be a long-term trend follower.
01:17:42 - When you don’t listen to what the market tells you, you’re full of shit.
01:21:18 - Why did you get into the S&P?
01:23:50 - Don’t look at what I’m showing as a trade result, let the management be the driver.
01:28:09 - Tradingview has a lightning bolt at the bottom of the chart.
01:35:20 - The gambler, the analyst, the trader, and the gambler -.
01:39:34 - Live streamers and how they trade in their markets.
01:42:54 - How to tell if a magician or performer is lying.
01:46:25 - What’s the most important thing?
01:55:46 - You need to feel like you’re doing the right thing with your life.
01:59:31 - You already know that you’re going to be that person -.
02:02:09 - Why I love my students because they will record their shit from beginning to end.
02:06:13 - The mindset of knowing how to manage the risk.
Transcription
1 | 00:00:19,050 --> 00:00:30,000 | ICT: Well, hello folks, hope everybody's doing well. Hope your Christmases were wonderful like mine, I had a really warm and memorable Christmas, the only thing |
2 | 00:00:30,000 --> 00:00:40,770 | I didn't get to see is my daughter, unfortunately, her career path is preventing her from coming home for the holidays. So we'll have to make a road trip down |
3 | 00:00:40,770 --> 00:00:56,100 | there in mid January. Alright, so here's where we're at today, I can't tell you how long this was going to be because I don't know what has gone off the cuff. I |
4 | 00:00:56,100 --> 00:01:05,190 | want to talk a little bit about where we're heading, what we're gonna be doing in 2023, so that we kind of get a feel for what we're doing as far as a |
5 | 00:01:05,190 --> 00:01:16,140 | community and as a mentorship. So, obviously, I mentioned that I would be doing my analysis that will be public. So I will be doing that on YouTube channel. |
6 | 00:01:16,140 --> 00:01:27,060 | That will be a real short little, probably a Monday through Friday thing. And it'll be a quick review of what took place. Any set up so that you'll see that |
7 | 00:01:27,480 --> 00:01:38,910 | and what I think the next day will bring. So that way, you all get the walk forward, like my private group got to walk with me for six years. And you'll |
8 | 00:01:38,910 --> 00:01:50,040 | have a little bit of experience in your corner, lending well for bias and such. So you also get the chance to see what it's like to go through an economic |
9 | 00:01:50,040 --> 00:02:05,100 | calendar, how to plan the week, when to keep gunpowder dry. And when the most likely candidates for opportunity will materialize for the week. So that we will |
10 | 00:02:05,100 --> 00:02:11,700 | see every day trading is not what we're trying to do. Even though I can come out here and show you examples of that. That's not what I'm trying to inspire. I'm |
11 | 00:02:11,700 --> 00:02:19,200 | not trying to cultivate that mentality in my students, because it's not good for you. If you don't have the experience, because you've tried to too many times in |
12 | 00:02:20,490 --> 00:02:30,270 | unless you're learning obviously, if you're trying to practice and read price and get a feel for that way. That's wonderful. But when you have your model, |
13 | 00:02:30,990 --> 00:02:43,650 | your model shouldn't be pushed every single day. Especially if the experience factor in your trading is still on the increase hours. If you're a neophyte, you |
14 | 00:02:43,710 --> 00:02:52,770 | only been doing it for a month or so less than a year. Everyday trading should not be your goal. Okay? It should be a long term goal. If you're going to be a |
15 | 00:02:52,800 --> 00:03:02,460 | intraday trader, you know, what's a long term goal for something like that, I'd say about a minimum one year and a half and two years, something like that, to |
16 | 00:03:02,460 --> 00:03:14,610 | be pushing it every single day and trying to operate with a high frequency model. Now, can some of you do it sooner than Absolutely. But as a mentor, I'm |
17 | 00:03:14,610 --> 00:03:21,720 | trying to give you a broad brush, general rule of thumbs that we're not preparing yourself for unrealistic expectations. But unfortunately, this |
18 | 00:03:21,720 --> 00:03:33,300 | industry builds up. And I have been guilty in the past as a young man, you know, in America Online, trying to captivate the Youngs young Indian, the old ones, |
19 | 00:03:33,630 --> 00:03:44,100 | anybody was willing to listen to me on America Online. I was trying to garner that mindset. And, you know, seize upon the, the crowd that was watching me, |
20 | 00:03:44,100 --> 00:03:54,870 | then obviously, you can hear me now I'm not monotone, you know, humdrum, you know, fuddy duddy. And that's really what you want to be aspiring to, because |
21 | 00:03:54,870 --> 00:04:05,190 | you don't want to be emotional in your trading. And as I walk through each market week with you, and we do our recap and analysis for the next coming day, |
22 | 00:04:05,940 --> 00:04:16,680 | you'll have what it is that you should be focusing on. So that way, if you are one that likes to fight the underlying bias and like I had a lot of folks in my |
23 | 00:04:16,950 --> 00:04:25,770 | private group, they would resist what I was trying to anticipate in the marketplace. And then they would send me emails frustration and saying they |
24 | 00:04:25,770 --> 00:04:33,660 | can't make it work, when come to find out everything they were doing was completely opposite to what I was trying to showcase and share in my real time |
25 | 00:04:33,660 --> 00:04:46,710 | analysis, the entire community would see it. But these individuals and they were a few, I mean, maybe eight or 10 of them, and they would habitually, you fade, |
26 | 00:04:46,740 --> 00:04:57,360 | what I was anticipating in the marketplace with the track record, you know, in front of 10s of 1000s. You know, you can't do that type of thing. And then |
27 | 00:04:57,360 --> 00:05:09,180 | question why you're having adversities If something's working, if the logic that I'm using, as you'll see, don't resist doing it. Okay, follow along with that |
28 | 00:05:09,180 --> 00:05:20,880 | mindset, even if your model may be opposed to what I'm outlining, because that way, it'll teach you number one, submission to higher timeframe, narrative and |
29 | 00:05:20,880 --> 00:05:24,570 | bias, which is one of the advantages to having someone that's a mentor, |
30 | 00:05:25,830 --> 00:05:34,800 | you know, 30 years doing it, you have made a lot of mistakes. And my goal is to try to keep you from having those experiences. I mean, sir, some of you simply |
31 | 00:05:34,800 --> 00:05:44,340 | want them like their new tattoos, like new join the army, semper fi, ICT approved, you know, I blew out accounts just like he did, you know, you don't |
32 | 00:05:44,340 --> 00:05:52,740 | want to have stuff like that, you know, it's not necessary. So, now, obviously, some of you are going to still do it. And you may not want to go in to it with |
33 | 00:05:52,740 --> 00:06:05,610 | that mindset, but lack of control, not being able to resist the temptation, and having discipline, you're gonna probably still make those types of mistakes. And |
34 | 00:06:06,750 --> 00:06:15,990 | it's important that you know, that, if that's your character flaw, if you are impulsive, okay, if you simply gotta go on here one more time, for social media |
35 | 00:06:16,170 --> 00:06:26,010 | approval, or your character is weak, that you need to feel that attaboy had a girl type thing, that you did something, right, even if you did something wrong |
36 | 00:06:26,010 --> 00:06:33,420 | early on in the day, and you just can't go home with a losing trade, you're gonna actually gonna see me get it wrong a couple times this year, I'm certain |
37 | 00:06:33,420 --> 00:06:43,290 | of it, I'm certain of it. And I want you to come away with the idea that even with 30 years experience, sometimes I just simply don't know, the markets not |
38 | 00:06:43,290 --> 00:06:52,920 | giving me enough information, or Intel, to make a high probability decision. Like, we are looking for those types of conditions and in the marketplace to |
39 | 00:06:52,920 --> 00:07:05,370 | engage. So it's not beneficial for us, any of us, me or you, or even a skilled, versed veteran in the marketplace, it's not imperative that just because you |
40 | 00:07:05,370 --> 00:07:13,800 | have time to be in front of marketplace, or in front of the charts, that you force yourself into a trade. That's, to me unfortunate. And I watch a lot of |
41 | 00:07:13,800 --> 00:07:22,020 | folks on YouTube, and this is one of the Fascinations I have with people that live stream, you can almost see that they're trying to just simply impressed the |
42 | 00:07:22,020 --> 00:07:32,520 | viewership. And that's unfortunate, because if you're going to be doing this, eventually, as a YouTuber, and you'll be live streaming, that's awesome. I hope |
43 | 00:07:32,520 --> 00:07:40,200 | that happens, because I'll be watching, I'm in several people's live streams, I'm watching all the time. Because I'm fascinated with their decision making. I |
44 | 00:07:40,200 --> 00:07:53,460 | like watching how individuals manage the risk, and the the uncertainty of the crowd, if they make a mistake in front of the how they handle that. And, to me, |
45 | 00:07:53,460 --> 00:08:02,910 | I think it's an amazing study of human psychology. And also, you know, bravado, it takes a lot of guts to do that. And unfortunately, a lot of people that are |
46 | 00:08:02,910 --> 00:08:14,160 | not really versed with trading with real money, and ever done a live stream before, it takes a lot of focus to do that. Because you're, you're going to be |
47 | 00:08:14,160 --> 00:08:25,500 | worrying about what people think, what are they going to think about this decision? And what happens if I take my trade off sooner than my target? I'm |
48 | 00:08:25,500 --> 00:08:35,040 | gonna have 1000 questions about that. You as an live streamer, those types of things, you have no idea what that's like. And when you do it, it causes many |
49 | 00:08:35,040 --> 00:08:44,940 | times chaos, it causes distractions, and any little distraction, like I'm a dog that chases cars, okay, if you give me an opportunity to chase something, I'm |
50 | 00:08:44,940 --> 00:08:52,830 | gonna do it. So, for me, I want you to understand there's two fold reason why I'm going to be doing the livestream sessions the way I'm going to be doing it. |
51 | 00:08:53,520 --> 00:09:01,650 | Number one, I'm not going to put you into a trade. Okay, I'm not going to do that. Because number one, you're all gonna see that I'm gonna be watching it. |
52 | 00:09:02,460 --> 00:09:10,860 | Live real time data, and you'll hear me talk about it. And where I think the markets gonna go, so it's gonna be one sidedness. Okay, I'm not going to be |
53 | 00:09:10,860 --> 00:09:18,240 | doing what you see these folks on Twitter and Facebook and Instagram, they draw their little diagrams where it could go up like this, or it could go down like |
54 | 00:09:18,240 --> 00:09:27,720 | that. To me, it's a waste of time. And I'm not here to beat up on any of those individual that do that you know who they are in the community. I think it would |
55 | 00:09:27,720 --> 00:09:34,950 | be beneficial if you're going to take the time to do it. This cosine is to say, this is a side I think it's going to do a run to buy cider is going to run to |
56 | 00:09:34,950 --> 00:09:43,860 | the sell side. And if you're wrong, so what, who cares? It's okay, you're going to do it wrong. You're going to do it wrong. You're going to have transactions |
57 | 00:09:43,860 --> 00:09:50,850 | that don't pan out that are profitable. And it doesn't mean you can't trade. It doesn't mean that your system is flawed. That doesn't mean that you won't |
58 | 00:09:50,880 --> 00:10:00,000 | eventually become long term consistent. It just means that individual decision didn't pan out for you and that's okay. That's one of the main takeaways I want |
59 | 00:10:00,000 --> 00:10:07,770 | You understand when we sit down together, and I'm only going to do two a week. So I'm going to try to find something that's medium impact and high impact. And |
60 | 00:10:07,770 --> 00:10:18,750 | we're going to work with those drivers. Okay? The entirety of 2023, I don't want to be living on YouTube, I don't want to be living in the charts in front of |
61 | 00:10:18,750 --> 00:10:28,830 | everybody. And I don't want to be living on Twitter. And I don't want to be, you know, living in any kind of form or social media capacity. Okay, I want to be |
62 | 00:10:30,390 --> 00:10:39,630 | free spirited. And I want you to understand that when I sit down with you all, it's for your edification is for you to understand what we're doing. The other |
63 | 00:10:39,630 --> 00:10:46,890 | reason why I won't be entering the trades in front of you, but you're going to know exactly what I'm expecting. I'm going to read it as it's happening. Now, |
64 | 00:10:46,890 --> 00:10:57,900 | what does that mean? Before I go any further, if you look at what I did today, on the email, E, Mini s&p, okay, I did several trades throughout the day. And |
65 | 00:10:59,310 --> 00:11:10,530 | within equivalent of about 9500 hours, and there was no losing trades, there was hardly any drawdown. And you're welcome to see that. I'll share you a tweet on |
66 | 00:11:10,530 --> 00:11:22,680 | it. let you see what the whole day look like. But you watch this morning, and then you seen me outline what it was I was doing, I was typing it all out. I was |
67 | 00:11:22,710 --> 00:11:30,480 | mapping it out on a one minute chart. Now, for some of you that are new, okay, send me this is the first time you've ever listened to a Twitter space by me. |
68 | 00:11:31,140 --> 00:11:39,270 | And I'm not as animated as I normally am. Today, I just want to make sure I have your attention so that we we know what we're doing what we're getting involved |
69 | 00:11:39,270 --> 00:11:47,850 | in in 2023. And trust me, there's gonna be a whole lot of excitement and hype. Because when you start seeing what I'm gonna do, it's gonna, it's gonna be hard |
70 | 00:11:47,850 --> 00:11:56,340 | for you not to be excited. And that's fine. It's going to be fun, my whole interactive, work with you next year, is going to help you learn is going to |
71 | 00:11:56,340 --> 00:12:03,870 | build your confidence in yourself. Because you're going to have me in the corner, I'm going to be team captain. Even though this isn't a team sport, I'm |
72 | 00:12:03,870 --> 00:12:14,700 | gonna be team captain playing quarterback, okay, and I'm going to tell you what the play is. Now, that play isn't going to jive with some of you, because some |
73 | 00:12:14,700 --> 00:12:23,460 | of you aren't going to be looking for the type of setup that I might be talking about at that moment. That's not the importance. Okay, the importance is to see, |
74 | 00:12:23,940 --> 00:12:30,720 | like, for instance, if you haven't watched the video I've uploaded on YouTube, today, it's less than three minutes. Or nowadays, it's not that it's like three |
75 | 00:12:30,720 --> 00:12:40,380 | minutes and 15 seconds or 18 seconds, it's less than four minutes, put it that way. I'm trying to cater to the Give it to me right now crowd. You're gonna see, |
76 | 00:12:40,380 --> 00:12:50,190 | by having that type of teaching, it doesn't do it for you. You want to be entertained. But that's fine. But I want to educate people, I want you to really |
77 | 00:12:50,190 --> 00:13:00,330 | understand by the end of next year, my goal is for all of you that are here right now listening going into it. My goal was for you not to need ICT, you're |
78 | 00:13:00,330 --> 00:13:06,720 | not going to need me to talk about what the markets going to do, you're not going to need me to know how to go in and find the right market, you're not |
79 | 00:13:06,720 --> 00:13:14,220 | going to need me to tell you which currency pair to be trading right now, you're not going to need me to tell you what the bias is, you're not going to need to |
80 | 00:13:14,370 --> 00:13:22,350 | learn what the narrative is, you're going to walk the entire year, just like I do with every single private mentorship group I've ever taken in, you're going |
81 | 00:13:22,350 --> 00:13:34,770 | to have that experience every single week, except for Easter. And I think, well the normal holiday schedule, you know, but you're going to have a whole year |
82 | 00:13:34,770 --> 00:13:43,230 | experience that we will see the quarterly shifts, you'll see the ebbs and flow, you'll know when the high probability conditions are there. And you'll also hear |
83 | 00:13:43,380 --> 00:13:50,820 | right from the horse's mouth when the probabilities are extremely low. And why I need to wait for more information. So that way, you're not going to see an |
84 | 00:13:50,820 --> 00:13:57,480 | impulsive mentor that just simply has to get out there and perform because I have spectators watching so I'd have to entertain them. I don't care about |
85 | 00:13:57,480 --> 00:14:09,870 | entertaining you. I want to make sure that you're learning how to do this independently. And guess what this is going to cost you. time, effort. You don't |
86 | 00:14:09,870 --> 00:14:19,140 | need a credit card, you don't need a Pay Pal. You don't need to have any kind of coupons, nothing. There's none of that stuff. I don't have to do discounts. I |
87 | 00:14:19,140 --> 00:14:28,290 | don't have to take anything off. Because the price is your time and how much you put into it. That's going to dictate how much of a result you're going to get. |
88 | 00:14:28,950 --> 00:14:36,690 | And at the end of next year, I'm going to do an open forum where everybody can say, hey, this is what you're able to do with what you learned this year. And I |
89 | 00:14:36,690 --> 00:14:46,560 | know some of you are going to be in there pushing a button based on the things I'm saying. If you do that, I promise you you will not learn you will not learn |
90 | 00:14:46,620 --> 00:14:55,020 | the way that you should be learning without any money attached to it. So let me go back and refer back to what I was doing this morning on YouTube. |
91 | 00:14:56,520 --> 00:15:06,810 | Take the actual executions out of it. In everything I was saying, that's what I'm gonna be doing when the markets printing price. I'm gonna give you one |
92 | 00:15:06,810 --> 00:15:17,580 | minute candle five minute candle, play by play, what I like what I think it should do everything. If someone can't do that, then guess what they don't know |
93 | 00:15:17,580 --> 00:15:26,010 | they're doing right. So I'm gonna kill this whole cherry picking narrative that these people out here that have an issue with me because they can't do what I |
94 | 00:15:26,010 --> 00:15:32,910 | do. And they can't grow their own audience and they can't share the Robins cup account number and prove that they're in there because I'm waiting for you |
95 | 00:15:32,910 --> 00:15:41,940 | Vinnie. That whole show is gonna go to the wayside this year, it's absolutely gonna get smashed. I'm going to show you how you can do this. And you don't need |
96 | 00:15:41,940 --> 00:15:49,350 | to sign up for anybody service, nobody's mentorship, not even mine, you won't even have to come to my YouTube channel. You won't ever have to come in there, |
97 | 00:15:49,560 --> 00:16:02,250 | after next year, you won't have to do it. Because in 2024, I don't want to be doing videos, folks. So in 2023, elevating all of you, I'm going to do my utmost |
98 | 00:16:02,280 --> 00:16:11,670 | best. But you have to listen, you have to follow the rules. And you have to do exactly what I say, if you don't do that, you will not have the results you're |
99 | 00:16:11,670 --> 00:16:23,460 | probably looking for. So I know some of your heart impressed and you're in dire straits, and you just simply want to push a button because you know that what |
100 | 00:16:23,460 --> 00:16:31,530 | I'm teaching works. And if I'm going to be sitting out here calling the market live, minute by minute, this is where it's going to go to this is what it should |
101 | 00:16:31,530 --> 00:16:41,340 | not do this is what it should be a good place for a reaction here. Okay? The words I'm gonna be using are very, very important, because I'm not going to get |
102 | 00:16:41,340 --> 00:16:50,040 | out here and call the market and sit in an account, whether you would see it or wouldn't be seeing it, I'm not going to front run any of my orders, because I |
103 | 00:16:50,040 --> 00:17:00,360 | know my community is large. And in the beginning, there may not be a whole lot of people on the live streams. But when word gets around, what I'm doing there |
104 | 00:17:00,390 --> 00:17:11,310 | is going to be big. So I don't want to ever be accused of oh, look what he's doing. He's calling a big move in the s&p, and he's putting his order in before |
105 | 00:17:11,310 --> 00:17:19,500 | he tells us about it. And then when everybody pumps it up, he's gonna sell it make money. I am absolutely not doing that. That's the reason why I'm not |
106 | 00:17:19,500 --> 00:17:27,510 | pushing a button. That's the number one reason why I'm not doing that. You're not going to get me in a situation where I'm going to be accused of or have to |
107 | 00:17:27,510 --> 00:17:36,390 | answer for in that crap, okay? I don't need that, okay, I don't need to do that. I don't need all of you to push the market for me, I'll push the market. Okay, I |
108 | 00:17:36,390 --> 00:17:45,810 | don't need any of you to help me do that. And you'll see it, you'll understand what I'm doing. But the whole important is is for you to learn without the |
109 | 00:17:45,810 --> 00:18:01,080 | impulsiveness of whether or not the market's going to provide you a win, or help you not have such a large losing position. So you're taking that need to be |
110 | 00:18:01,080 --> 00:18:13,410 | right out of it. That has to be there, folks, if you don't do this the right way, which is just simply observing, annotating, okay, I'm gonna prompt you to |
111 | 00:18:13,410 --> 00:18:22,350 | take screenshots. Periodically, when I'm doing a live sessions, I'm gonna say, okay, screenshot this right now. Now, if you can't watch it live, it's okay. |
112 | 00:18:22,770 --> 00:18:31,710 | Because you're gonna be watching Real Time Data on one of my templates, as it's being shown real time on my end, so you're gonna get it better than Market |
113 | 00:18:31,710 --> 00:18:43,620 | Replay. Market Replay has its place, but it's not going to be as beneficial as seeing something live. And understanding why that candlestick should perform a |
114 | 00:18:43,620 --> 00:18:54,870 | specific way. Why shouldn't this area be revisited? Why should price gravitate now with speed and magnitude to another level of liquidity? I'm going to outline |
115 | 00:18:54,870 --> 00:19:06,630 | that life in front of the entire world. Okay, I'm going to prove that these markets are absolutely controlled. And it's through an algorithm. And you're |
116 | 00:19:06,630 --> 00:19:16,590 | also going to see who knows what. And that's all I'm going to say. You're just simply going to be a spectator with note taking, and focus and ready to hit the |
117 | 00:19:16,590 --> 00:19:22,590 | screenshot. Now ain't gonna be like real quick, you're not gonna be prepared for I'm gonna tell you get ready because I'm gonna tell you when to take a |
118 | 00:19:22,590 --> 00:19:32,910 | screenshot of something, because I want you to be able to capture that that second for a moment when it happens. Because those moments exactly when I say |
119 | 00:19:32,940 --> 00:19:40,680 | that you're going to be doing it. You want to have those in your journal. Because that's where those setups are in the marketplace. That's what it looks |
120 | 00:19:40,680 --> 00:19:52,080 | like. Everybody comes to me when I was taking mentorship students and no not doing it. Okay, as you can hear, I'm giving you my all in 2023 with the |
121 | 00:19:52,080 --> 00:20:00,600 | anticipation that I don't have to do this anymore. I don't have to make videos for anybody. I don't need to do any kind of courses for anybody. I I got four |
122 | 00:20:00,600 --> 00:20:11,310 | books, four books in the making one's a fiction. It's about a traitor, that it's fictional. And I have three instruction instructional books that will answer |
123 | 00:20:11,310 --> 00:20:20,850 | order block theory, it's going to cover everything. So that way, everybody understands that it's mine. Okay? That's my gift to the community. Once I'm done |
124 | 00:20:20,850 --> 00:20:32,250 | with that, I'm done. I'm gonna go back to being a recluse, and just doing what I intended to do as a 50 year old man, just chill, fish trade, do whatever I want |
125 | 00:20:32,250 --> 00:20:42,390 | to do. And I don't think that I'm going to be needed, once I deliver what I'm going to deliver in 2023. Okay, I think it's going to be fun, I think is going |
126 | 00:20:42,390 --> 00:20:52,710 | to be beneficial to a lot of you. But if you go in with expectations, that ICTs want someone to buy and when to sell, you're going to be frustrated. And you |
127 | 00:20:52,710 --> 00:21:00,450 | want to learn how to do this without me. You don't want to rely on me, you don't want to rely on anybody. You don't want to be out there looking for some other |
128 | 00:21:00,450 --> 00:21:09,210 | system, because I'm going to show you the market. I'm going to pull back the veil. I'm going to show you the real market maker. I'm going to show you the |
129 | 00:21:09,210 --> 00:21:18,420 | real algorithm. I'm going to show you how you can read this tape better than anything else out there. Period, bar none. I don't care who they are, how long |
130 | 00:21:18,420 --> 00:21:25,800 | you've been doing it, what they've been able to do in the past, whatever, I don't care. I'm going to be my own lane. And I'm gonna be showing you what you |
131 | 00:21:25,830 --> 00:21:39,480 | don't know. And the anticipation of seeing the setups knowing what we're looking for. What should it do? Every week, you're gonna be looking for one good setup. |
132 | 00:21:40,590 --> 00:21:51,300 | One good setup, I'm gonna be using the economic calendar to help frame that condition. So that way, much like when I was on baby pips, I was really |
133 | 00:21:51,300 --> 00:21:59,880 | promoting the idea that you don't really need a whole lot and when I came out my very first thread what every new and aspiring forex trader wants to know, that |
134 | 00:22:00,120 --> 00:22:08,580 | read the first post, I was really just building the idea that you see these folks out there, they have their Guppy system that was the big thing. VSA you |
135 | 00:22:08,580 --> 00:22:17,160 | know, all that stuff was real popular on baby pips, nobody was really making any money with any of that stuff. But it made people want to watch and read the |
136 | 00:22:17,160 --> 00:22:25,680 | threads that were being produced about it. But nobody was really showing any kind of executions. Nobody could do anything with any event. But you know, much |
137 | 00:22:25,680 --> 00:22:32,220 | like everything else, there's going to be a flavor of the month, flavor of the year, whatever. I'm right now, and you can see on YouTube that, you know, smart |
138 | 00:22:32,220 --> 00:22:45,270 | mind concepts, my whole life's work ICT stuff, it's pretty popular. And I want to kind of go out in 2023. With that, when I produce what I'm going to produce |
139 | 00:22:45,270 --> 00:22:57,360 | for you and sit with you, as your real mentor. Walking through these charts with you live, not recorded, not going to be using Market Replay. The data will be |
140 | 00:22:57,360 --> 00:23:09,510 | real. If you subscribe the trading unit I do not get anything for this. Okay, I'm not getting any kind of kickback nothing. Okay. But if you want to verify |
141 | 00:23:09,540 --> 00:23:21,180 | everything I'm doing, which is what you should be doing. You should have a live stream through trading view for the E minis. E Mini s&p E Mini s&p, Emini, s&p e |
142 | 00:23:21,180 --> 00:23:30,450 | mini NASDAQ. Those two markets is what I'm going to focus on the entirety of the year. Okay, I'm not going to be focusing on trading currencies, because I told |
143 | 00:23:30,450 --> 00:23:40,290 | you, I've pulled away from that I will include Forex in my analysis. So I know some of you're like, Man, can you just go back to force, please? I'll talk about |
144 | 00:23:40,290 --> 00:23:47,100 | forex. I'll tell you what I think my opinion is about where they're gonna go. And what the draw on liquidity is. And you simply use the model that I've |
145 | 00:23:47,100 --> 00:23:55,110 | already provided this year for free, and you'll be fine. You'll be fine. I promise you, if you just stick to that. And you'll see that there's a whole lot |
146 | 00:23:55,110 --> 00:24:03,750 | of stuff that I teach. There's a lot of concepts, a lot of tools, a lot of processes. And it can be overwhelming. It can make you feel like, what am I |
147 | 00:24:03,750 --> 00:24:09,090 | supposed to do all this stuff, right? You had a taste of what it was like to be in private mentorship. |
148 | 00:24:10,410 --> 00:24:21,480 | It was designed to teach everything I was willing to teach. But then also, you had the obligation to put it together for a specific model. And I gave more or |
149 | 00:24:21,480 --> 00:24:30,930 | less foundational models to build off of. And then I may want some real short and sweet for the community at large, which was really for my daughter. And |
150 | 00:24:30,930 --> 00:24:42,150 | that's what was the 2022 model. I'm going to be focusing on the 2022 model. So that way, everybody can see that, oh, I'm not going to be just doing other |
151 | 00:24:42,150 --> 00:24:49,740 | things to find a setup that works right now and ignore what I've taught. I'm going to show you how to use what you learned this year. You don't need anything |
152 | 00:24:49,740 --> 00:25:00,540 | else. My private group, we're going to see the benefit of that too. And you're going to find consistency. You're going to find longevity by looking for One |
153 | 00:25:00,540 --> 00:25:09,900 | thing to repeat, it's an easy process, once you let go of all of these things that you have in your mind that you think consistent trading is, some of you |
154 | 00:25:09,900 --> 00:25:21,390 | want to try to do what I do trade on every possible pdra I only do that to broaden the, the intention to not just limiting yourself to that 2022 model, |
155 | 00:25:21,390 --> 00:25:34,740 | because I mean, I'm the author of this stuff. Much like when I have my 2019 Corvette out, I love I love the the attention I get from that car. Even though I |
156 | 00:25:34,740 --> 00:25:42,750 | have a 2021 Corvette, the 2021 quarterback gets a whole lot more attention. Because it's a you know, it's a poor man's Ferrari, let's call it what it is, |
157 | 00:25:43,260 --> 00:25:55,650 | until I get to 06. And then we're gonna smash them for ours. The 10 on a VA, it's getting smoked. But nonetheless, because I've made this content, and I've |
158 | 00:25:55,650 --> 00:26:07,410 | spent my entire whole life doing it, when I see other people dislike one particular pattern, my ego, and my pride doesn't let me let them just see that. |
159 | 00:26:07,680 --> 00:26:17,280 | So I like to over deliver, I like to show other things. And I'll demonstrate that kind of stuff in live market trades with real money so that we understand |
160 | 00:26:17,280 --> 00:26:26,340 | something. When I say live executions, that's with real data. That's not Market Replay type thing. But if I'm saying I'm trading with real money, you're going |
161 | 00:26:26,340 --> 00:26:35,910 | to see it, you're going to see the real money, okay. But when we're doing live sessions, no more than two a week, they're going to be planned, you're going to |
162 | 00:26:35,910 --> 00:26:42,600 | know what we're looking for, you're going to know what I'm looking for the night before, because we're going to be doing analysis. So that way you understand how |
163 | 00:26:42,600 --> 00:26:51,630 | to go into it. You don't feel like, Oh, I gotta get up and trade London because it might do this. Who cares? Who cares? We're going to be operating around the |
164 | 00:26:51,630 --> 00:27:01,440 | morning session, we'll close up shop around 11 o'clock in the morning. And there it is, we'll have anywhere between two hours or 90 minute sessions twice a week. |
165 | 00:27:02,100 --> 00:27:10,860 | That's palatable. Anybody can do that. Okay, anybody can be, you know, around their cell phone. Okay, we're, um, I'm talking in your ear, you get one of your |
166 | 00:27:10,860 --> 00:27:16,980 | little ear buds, you know, and you're gonna do, you're gonna have one your ear buds in at your job, and you're gonna be attending, you're working, but you're |
167 | 00:27:16,980 --> 00:27:22,200 | gonna be listening to me and your ear. Okay, and then you'll be looking over your phone, seeing what the markets doing right then and there. And that's how |
168 | 00:27:22,200 --> 00:27:33,390 | it's gonna be majority of the morning is going to be me waiting for the next reason to talk about what it's going to do. Now, obviously, I'm a motormouth, I |
169 | 00:27:33,390 --> 00:27:41,310 | can talk and talk and talk and talk. I don't want to be doing that during the live session, I only want to be talking when it's salient to what the markets |
170 | 00:27:41,310 --> 00:27:54,660 | doing right now. Now, I'm going to lead in anticipation what the markets likely to do. So that way, you can borrow my anticipatory skills and experience. So |
171 | 00:27:54,660 --> 00:28:02,310 | that way, you'll see, this is what it should be doing, or waiting for this to happen. If this happens, we would expect the market to go up to this candle |
172 | 00:28:02,310 --> 00:28:12,930 | here, or at this fair value gap, or this liquidity. And then it should deliver this way. And I'll take your attention to the next area where it's gonna go. If |
173 | 00:28:12,930 --> 00:28:23,400 | there is no algorithm, I won't be able to do that. If I don't know what I'm doing, I won't be able to do that. You don't need me to push a button. Okay. If |
174 | 00:28:23,400 --> 00:28:32,940 | you go through the process of watching the tape with me, you're gonna see how easy it is to find one good setup a week. One good setup a week. Listen, folks, |
175 | 00:28:33,420 --> 00:28:46,530 | listen. You don't need anything more than that. You don't need 16 trades, okay? You don't need 40 contracts over leveraging in a discount broker and Market |
176 | 00:28:46,530 --> 00:28:59,190 | Replay. Not really making money. You don't need to do those things. Don't pursue that. Do one contract? Do one contract and get 25 handles for the week. You |
177 | 00:28:59,190 --> 00:29:13,020 | don't think that can change your entire life? It can. What happens if you just make go? I don't know, $1,000 a week? Just one contract after costs and |
178 | 00:29:13,020 --> 00:29:25,980 | commissions. And maybe you had a couple of losing trades throughout the week? What if he just net $1,000? Right now, if that's what you were able to do four |
179 | 00:29:25,980 --> 00:29:36,900 | weeks out of a month? would you rate now because of what you see me do? And maybe other students or maybe other educators, other people and influencers? |
180 | 00:29:37,320 --> 00:29:49,530 | are? Are you going to be in allowing those individuals and myself to influence you to want to do more? I want you to think about that before we start in 2023 |
181 | 00:29:49,830 --> 00:29:59,970 | you need to fix those things. Because that's not something good. That's going to be a hindrance. Because if I'm influencing you, if my students influenced you or |
182 | 00:30:00,210 --> 00:30:15,840 | Other traders or educators or would be mentors, or trolls are influencing you to make you do something beyond what is easy. What's easy, 1000 hours a week. That |
183 | 00:30:15,840 --> 00:30:29,670 | is easy. That is easy, easy with one contract. And folks that can change anybody's life. Anyone. And it might be too high for some of you, you might be |
184 | 00:30:29,850 --> 00:30:38,910 | thinking, well, you know, if I could just do 500 hours a week, if I could just do $1,000 a month, man, the changes in my life, what would that really bring? |
185 | 00:30:38,910 --> 00:30:52,200 | For me, it's peace. And stress of all these things is piling up on me, it could diminish if I could just do that, right. That's all I'm saying. Don't, don't go |
186 | 00:30:52,200 --> 00:31:03,570 | into 2023. Thinking, I'm going to flip my HTML account. If you do that, I guarantee you, you will be pissing and moaning in my comment section. In the |
187 | 00:31:03,570 --> 00:31:13,800 | video section comments, you're gonna be on Twitter, crying blues, because I wish I would have listened to that podcast or that stream you did. On the 28th of |
188 | 00:31:13,800 --> 00:31:23,280 | December, you even told me what was going to happen and I still did, I don't want to hear or see any of that stuff, it's easy to avoid, it's real easy to |
189 | 00:31:23,280 --> 00:31:35,850 | avoid. You have to have a routine, you have to have a spirit of expectation that this is what you are trying to do. When you get that you stop. You don't try to |
190 | 00:31:35,850 --> 00:31:46,290 | do more, you don't care what everybody else is doing what I'm doing. This is what you're trying to carve out for your family and have to be met. pride and |
191 | 00:31:46,320 --> 00:31:54,780 | ego and image has nothing to do with that has absolutely nothing to do with it. You're starting a brand new year, you had the opportunity to sit down with |
192 | 00:31:54,780 --> 00:32:03,900 | someone who's been doing this for three decades, I promise you, you are going to learn. You're going to learn how to do this, how to navigate. And you're also |
193 | 00:32:03,900 --> 00:32:10,830 | going to feel comfortable, when you don't need to be doing something, you're gonna see that okay, I don't see anything here. There may be a day where we set |
194 | 00:32:10,830 --> 00:32:18,870 | up the opportunity to sit in front of the trucks together. And the market does something that changes my entire outlook. I'm going to explain why it did that. |
195 | 00:32:19,170 --> 00:32:28,440 | And then we may not do anything. And we close the session. This is what's going to happen. The folks that have no interest in learning how to be independent and |
196 | 00:32:28,560 --> 00:32:37,800 | independent thinker. They're going to be the ones that pitch. They're going to be the ones that cry blues. Oh, well, if he was so good, get up the row with |
197 | 00:32:37,800 --> 00:32:47,970 | that. Okay, I'm not in here. Trying to take guesses. I'm not here, I'm not a gambler. I'm not a good gambler. Okay, I want the things that I look forward to |
198 | 00:32:47,970 --> 00:32:58,590 | be in my favor. aggressively in my favor? Not well, if it's 5050 elements, I'm gonna see how good I can be. I'm guessing I don't want that. And you shouldn't |
199 | 00:32:58,590 --> 00:33:05,670 | want that either. Think about when you push that button, when you get to the point where if you ever decide to trade with lifelines, and I'm never going to |
200 | 00:33:05,670 --> 00:33:18,240 | tell you to do that. But if you make that decision to do it, when you push that button, or when you're about to push that button, do you have a spouse? Do you |
201 | 00:33:18,240 --> 00:33:32,430 | have a girlfriend or boyfriend, a child a dependent I want you to think about them right before you push that button. Because what you're doing is going to |
202 | 00:33:32,430 --> 00:33:47,520 | have a direct impact on them. You're either going to defer a lifestyle where you're going to invite stress and ruin. Think about that. How many times have |
203 | 00:33:47,520 --> 00:33:55,410 | you ever considered doing that right now, or maybe in the past year, and the time that you push the button known damn well, you shouldn't be messing around |
204 | 00:33:55,410 --> 00:34:00,840 | with it. I'm gonna talk about those things. In retrospect and real time. |
205 | 00:34:02,280 --> 00:34:10,020 | I don't want to be talking about war time stories about I did this, I did that because if I do that, I won't be watching the price and I won't be able to read |
206 | 00:34:10,020 --> 00:34:20,130 | it. So for the most part, it's going to be a very boring session until there's something to be focusing on. That's how real trading is not in here playing |
207 | 00:34:20,130 --> 00:34:30,180 | light shows and neon flashing lights and all kinds of stupid stuff. Okay. I'm not trying to entertain you. It's not a rave, okay? I'm taking you into the |
208 | 00:34:30,180 --> 00:34:39,990 | markets. I'm leading you into this jungle. And the expectation is you're going to come out knowing better how to navigate it. And you're going to spend months |
209 | 00:34:39,990 --> 00:34:49,530 | with me throughout the year. And you're going to grow in your understanding. You're going to see things that you didn't think was a big deal. They are and |
210 | 00:34:49,530 --> 00:34:58,080 | you're going to be thinking about the things that you thought was a big deal. They aren't. That's what it's like to be mentored, walking hand in hand with |
211 | 00:34:58,080 --> 00:35:06,780 | somebody that knows how to do it. I'm not going to be having something pop up on my screen, where you don't even know why it's popping up alerts and things like |
212 | 00:35:06,780 --> 00:35:17,490 | that, I'm going to tell you, in the logic, why this market should do this or that before it happens. And then when it paints in your chart, you'll be a |
213 | 00:35:17,490 --> 00:35:29,070 | witness. Okay? There's been so many different styles of trading debt when I first started as a 20 year old, I delve into all of it. There hasn't been |
214 | 00:35:29,070 --> 00:35:44,400 | anything out there that have not done. And I'm going to tell you something. The model for the system is not the answer. That's not the secret, okay? If someone |
215 | 00:35:44,430 --> 00:35:53,730 | learned how to control themselves, and the decision making process was just flipping a quarter, and heads would be buying and tails will be going short. As |
216 | 00:35:53,730 --> 00:36:08,910 | long as you manage the money, impeccably, and you were aggressive about making sure your losses never grew. And you let your winners run. That's a that's a |
217 | 00:36:08,910 --> 00:36:20,850 | winning system. Now, no one's gonna buy the book or the course for that. But if you take the logic that I'm going to show you each week, when to pick the market |
218 | 00:36:21,120 --> 00:36:28,830 | to do this, when the pick up the market to go this way, where it's bias narrative, why should it do this? Why should it be using this economic news |
219 | 00:36:28,830 --> 00:36:35,190 | driver to be doing whatever I anticipate is going to do. And here's the other thing, here's the advantages of being with someone that's been doing for a long |
220 | 00:36:35,190 --> 00:36:43,320 | time. I'm gonna go in, and you've seen this twice, now with CPI this year. And this is exactly the reason why I don't trade or teach my students to trade ahead |
221 | 00:36:43,320 --> 00:36:54,000 | of the CPI number because it's absolutely an avalanche. Okay, it'll blow up in your face, or bury you. It's one sided, it's immediate. And it's unforgiving. |
222 | 00:36:54,630 --> 00:37:06,960 | So, I've never, I have never been able to decipher a high probability before CPI comes out. It's like FOMC, you just, you don't want to do it. Okay, if you don't |
223 | 00:37:06,960 --> 00:37:15,540 | want to do it, because you don't know what they're going to do with manual intervention, they could have some kind of news event, or release, it says the |
224 | 00:37:15,540 --> 00:37:23,190 | market should be doing this. And the common consensus would be okay, this should drive the market lower and all sudden CPI or something to the effect like that. |
225 | 00:37:23,520 --> 00:37:34,050 | It goes vertical 100 and some handles. How do you prepare for that? You can't say how do you prevent it, you just don't touch it, you wait for the market to |
226 | 00:37:34,050 --> 00:37:43,500 | do that. And then you look for your opportunities, okay. So there may be opportunities where we sit down, and my pre market analysis and the things I'm |
227 | 00:37:43,500 --> 00:37:53,040 | expecting to see, doesn't pan out or something changes, right, then there, you'll be able to see at that moment, what changes my mind about the new |
228 | 00:37:53,040 --> 00:38:02,910 | opportunity, or the lack thereof. And admittedly, I may not be able to divulge that, because we're gonna be looking at five and one minute charts, that whole |
229 | 00:38:02,910 --> 00:38:12,720 | experience has to be known words, it's going to evolve through that whole transition of okay, what I see in the, in the chart what I expect, and then what |
230 | 00:38:12,720 --> 00:38:23,370 | changes that once I get a feel for it, then I'll say, Okay, our bias has now shifted to this. And in my I'll take your attention to with a little eyeball |
231 | 00:38:23,370 --> 00:38:32,550 | icon, I usually show on my charts in my videos, where this is the drawn liquidity, your your focus is there. So when I apply that on the chart, what |
232 | 00:38:32,550 --> 00:38:44,430 | you're training yourself to do is read every single individual candle. After I do that, and trust that these candles will continuously paint in that direction. |
233 | 00:38:44,910 --> 00:38:52,830 | And every time it goes up into a premium and right if it's bearish, it will react a specific way. And right now it's going to feel like what does that mean? |
234 | 00:38:52,950 --> 00:39:01,110 | You're going to see it, you're going to see it, you're going to see it, you're going to experience it and you're going to be able to glean the very things that |
235 | 00:39:01,110 --> 00:39:08,010 | you don't understand right now. Because you haven't had this experience. You haven't had someone sit down and explain to you why the markets going to do |
236 | 00:39:08,010 --> 00:39:16,560 | exactly what you watched me do with it this morning. You're going to have that experience. I can't wait to share it. That's why I mentioned today on Twitter on |
237 | 00:39:17,160 --> 00:39:32,490 | February is taking too long. But you know, this whole experience is my last gift to all of you in this community. Okay, everything will stay on YouTube. I'm not |
238 | 00:39:32,490 --> 00:39:40,470 | taking anything down. But I really don't want to be doing videos and 2024 as much fun as it is to be hanging out with all of you and, and doing all these |
239 | 00:39:40,470 --> 00:39:53,640 | things. I'm 50 Okay, I'm trying to do things in the fall of my life. And before I get to the winter, where I can't do much at all. I want to be doing a lot of |
240 | 00:39:53,640 --> 00:40:06,210 | things this year and then into 2024 and it's going to require time That means no time for making videos, that means no time for Twitter spaces. That means |
241 | 00:40:06,570 --> 00:40:18,690 | focusing on my wife and I and our children that are about to leave the nest. We're literally just a couple of years away from empty nesters. And as much is I |
242 | 00:40:18,690 --> 00:40:29,790 | am excited to see my children succeed. I'm a little anxious, I don't know how I'm gonna take that. So we have a lot of things planned to try to keep our mind |
243 | 00:40:29,790 --> 00:40:42,960 | off of that type of stuff. But I think that the folks that are here in this community that have built with all of your help, there's been no advertising. |
244 | 00:40:44,070 --> 00:40:53,880 | There's been no advertising campaigns, no, Facebook ads, no YouTube ads. It's all been organic. And I think that's amazing. That's a testimony to us as a |
245 | 00:40:53,880 --> 00:41:03,450 | community. And it's also a testimony to the concepts themselves. And for that, I'm absolutely ecstatic. I'm so appreciative that you have lent me your time, |
246 | 00:41:03,450 --> 00:41:14,040 | your ear, your, your heart, to try to pursue something that I believe is second to none. And when you have this skill set, and you will have this skill set, |
247 | 00:41:16,590 --> 00:41:25,380 | you'll understand what it feels like to not worry about your job, you won't have to worry about you things going up inflation, things are gonna keep going up |
248 | 00:41:25,380 --> 00:41:32,790 | folks, you know, my grandparents complained about things going on, it's gonna keep going up, your kids are gonna complain about things going up to us, this is |
249 | 00:41:32,790 --> 00:41:44,910 | the way it is. Things don't stay cheap. But you're gonna have a skill set, that if you do the right things, and you control yourself, you have the unique |
250 | 00:41:44,910 --> 00:41:57,210 | opportunity to outpace inflation. That should be comforting, it should be motivational for you to not try to do things on a shortcut basis. There's a lot |
251 | 00:41:57,210 --> 00:42:06,510 | of folks out there that take my lectures and my things on my YouTube channel, and they try to condense it down to learn ICTs mentorship and five minutes, |
252 | 00:42:06,600 --> 00:42:15,840 | okay, let me see 10 People that have made money with your five minute trainer version of what I've taught, they can't, you might have one hit wonders, like |
253 | 00:42:15,840 --> 00:42:24,600 | anything else, like a book, you watch a video, or you read a book, and you think okay, I figured it out. And that was the trap I experience, you know, one out |
254 | 00:42:24,600 --> 00:42:33,030 | there about this Cooper's book, Ken Roberts, and I thought it understood it. It's trend lines, vans, 123, tops and bottoms. It's easy to do this. And I lost |
255 | 00:42:33,030 --> 00:42:45,990 | half my money in first trade overnight. And that was it. I pulled out and then restart in 1993. That experience of trying to cater to the right now, crowd, |
256 | 00:42:46,530 --> 00:42:56,190 | okay, if you're part of that crowd that says Get to the point. I'm going to say something right now. It will be better for you not to even listen to me. Don't |
257 | 00:42:56,190 --> 00:43:04,380 | even listen to me, go run off and chase the people that are going to try to tell you they're going to teach it to you sooner quicker and faster. Simpler, as easy |
258 | 00:43:04,470 --> 00:43:11,250 | as that's the new twist on ICT Smart Money concepts taught to you in a five minute trainer. I'm going to teach you this it's going to be easy. I'm going to |
259 | 00:43:11,250 --> 00:43:18,870 | do this in the go stop listening to me go watch their stuff, spend time with them, lose your money, and then come back and you'll be better equipped to learn |
260 | 00:43:18,870 --> 00:43:28,710 | from me. Because if you are the right now can you see me right now crowd get to the point ICT if you are any of those individuals in this audience members, |
261 | 00:43:30,180 --> 00:43:41,280 | you aren't ready. I promise you, you are not ready. You need to suffer. Even has some pain. And he has something put on your ass. So that way you know that this |
262 | 00:43:41,280 --> 00:43:47,970 | was not the right way to do it. Let me go back to the source. And then you'll be able to listen to my lectures and you'll understand Oh yeah, if I just want to |
263 | 00:43:47,970 --> 00:43:56,820 | listen to this guy. Exactly. But some of you need to learn the hard lessons the hard way. And that's fine. I had to do the same thing. I was stubborn, I was |
264 | 00:43:56,820 --> 00:44:07,680 | stupid and 20 year old, I'm going to be the exception. And then I wasn't. The only thing was as I did more stylish, okay. When I lost money, it was |
265 | 00:44:07,680 --> 00:44:18,120 | impressive. The the idea of of trying to do this without damaging yourself, that should be encouraging for you. That should be a goal. You don't want to be doing |
266 | 00:44:18,120 --> 00:44:25,830 | the things that I did and people like me years ago when we didn't have mentorships we didn't have people that could sit down and spend time and hours |
267 | 00:44:25,830 --> 00:44:35,160 | of their life giving it to you and undeserving individual, all of you. All of you are undeserving not just of my time, but anybody out there that's willing to |
268 | 00:44:35,160 --> 00:44:45,270 | sit down and teach and divulge what they have gone through. Whether they're a good person or they're a bad person. You're not entitled to any of this. That's |
269 | 00:44:45,270 --> 00:44:57,720 | the thing that drives me nuts because young folks, and my daughter is one of them. Okay. She thinks that she should have it easier because you know, she just |
270 | 00:44:57,720 --> 00:45:04,830 | had an easier no she shouldn't and she does Unlike that been told to her. And some of you don't like that, when I remind you, it's the data and made it's |
271 | 00:45:04,830 --> 00:45:12,810 | coming out and telling you, you shouldn't expect it to be easy. You should expect it to be hard. And you should be thankful that it is hard because you're |
272 | 00:45:12,810 --> 00:45:20,160 | going to be an exceptional, exceptional individual. Once you learn how to do this, you're not going to be cut from the same cloth. You're gonna be able to do |
273 | 00:45:20,160 --> 00:45:30,570 | things that the average person can't do, and where everybody else is relying on hope they keep me employed. I hope they don't find me redundant next week. You |
274 | 00:45:30,570 --> 00:45:43,020 | get your pink slip, you can now pay your bills. When everything's extremely expensive right now, that to me is terrifying. If I had to work, like I had to |
275 | 00:45:43,020 --> 00:45:53,790 | deal with a young man, doing menial jobs, running a Domino's delivering pizzas for Domino's, you know, doing all those types of things, working at sub shops. I |
276 | 00:45:53,790 --> 00:46:02,910 | did all these types of things. teenager working at Popeyes chicken, Taco Bell, I did all that stuff. It didn't work at McDonald's. And I didn't work at New |
277 | 00:46:02,910 --> 00:46:15,030 | Burger King, sorry. But I did all those things. And I know what it's like to go through that kind of low point. What this is all you can do, going through |
278 | 00:46:15,030 --> 00:46:26,340 | school trying to get some skills. But this is all I could do. Because of scheduling and school classes, yeah, it is. You when you get to high school, and |
279 | 00:46:26,340 --> 00:46:37,530 | you got to go into the real world, and you still continue your education, it's hard, it is really hard. And then you add to it, you have a child, or maybe |
280 | 00:46:37,530 --> 00:46:46,650 | more, then you have to balance a relationship to it that's going on. You're gonna have to sit down with your spouse, your significant other and sit down and |
281 | 00:46:46,650 --> 00:46:55,290 | really scheduled time. That's the other reason why I'm only doing two days. Because I can burn you out real quick. Real quick, it's gonna be easy for a lot |
282 | 00:46:55,290 --> 00:47:04,290 | of you to tap out, even when two days. I expect it. I had a lot of people come into my mentorships and tap out. Because they were like, wow, this is a whole |
283 | 00:47:04,290 --> 00:47:15,990 | lot more involved than I thought. And I thought it's gonna be easy. No, no. Because you have to come Pete, against yourself, who's constantly going to be |
284 | 00:47:15,990 --> 00:47:24,150 | reminding yourself that this probably isn't going to be for you. What if this doesn't work for me? What if I can't do it, you're gonna entertain those |
285 | 00:47:24,150 --> 00:47:32,190 | thoughts. And some of you that are weak minded are going to listen to that. And you're going to tap out, and you're gonna walk away, and you're gonna prolong |
286 | 00:47:32,190 --> 00:47:38,490 | this whole endeavor, because you're gonna go out there and mess around stuff that doesn't work, you're gonna get caught up in doing something, you're gonna |
287 | 00:47:38,490 --> 00:47:45,120 | chase funded accounts, you're gonna blow them, you're not even gonna get them. I'm gonna tell you something right now. You want to pass a funded account |
288 | 00:47:45,120 --> 00:47:52,080 | challenge. You want the surest way that you're going to pass a funded account challenge. You walk the entire year with me next year, I Guaran. Damn tee you, |
289 | 00:47:52,080 --> 00:48:03,150 | you're going to walk out there and get whatever size account you want. That's my guarantee. You have to listen though. You want to $500,000 350,000 hours, |
290 | 00:48:03,150 --> 00:48:13,950 | 150,000 hours, whatever. It doesn't matter. It's just a number. It's just a number. But I'm going to show you what to do with it once you get it. Because |
291 | 00:48:13,950 --> 00:48:24,690 | some of you guys out there and gals, you find your way into Vegas City trading. Okay, you're doing the new boardwalk shuffle with your trades, rolling the dice, |
292 | 00:48:25,080 --> 00:48:33,570 | just trying to get through that little bit of a process of getting to the funded part. And then you think, Well, you know, I got to do these high roller trades. |
293 | 00:48:34,470 --> 00:48:44,700 | Because, you know, everybody else is doing it to our students making $70,000 Getting into number two spot on HTML. I gotta do that. Or I'm not winning. No, |
294 | 00:48:44,700 --> 00:48:58,410 | you don't. Who said you have to do that? Listen, let me let me paint a picture for you for a second. Okay, slow your roll. Let's say you get a funded 100,000 |
295 | 00:49:00,060 --> 00:49:08,790 | You don't have 100,000. But you have the ability to work with a prop firm. I'm not telling you which one because I'm not doing any deals and they're still |
296 | 00:49:08,790 --> 00:49:16,350 | reaching out to me saying can you do a deal with us? And can you put an ad on our on your immediate? No, don't ask me again. I don't rep brokers and adult rep |
297 | 00:49:16,530 --> 00:49:29,850 | funded account prop firms I don't do that. But if that's the route, you're gonna go, let's just say you have 100,000 hours you fund it with what's wrong with |
298 | 00:49:29,850 --> 00:49:42,690 | just aiming for one and a half percent for the week and making $100,000 over the course of the year and not even working hard to do it. See, y'all do funny money |
299 | 00:49:42,690 --> 00:49:53,190 | math. Like you didn't go to school. You're all trying to do olympic size feats. Like you're all trying to win the Robins cup with these HTML accounts. When you |
300 | 00:49:53,190 --> 00:50:02,820 | look at the Robins account, Tracker taking Larry Williams and a handful of other folks out there, the average returns around 200 Some percent, anywhere between |
301 | 00:50:02,820 --> 00:50:14,850 | 175 to 225%. That's amazing returns. I mean, it's great returns in this industry. That's phenomenal. Now, a competitive trader would look at that and |
302 | 00:50:15,870 --> 00:50:30,210 | 20%. That's nothing. That's true. But we're talking about making ends meet. We're talking about building longevity, not running an Olympic feat. How many |
303 | 00:50:30,210 --> 00:50:40,530 | times do the same Olympic winners compete and win year after year after year? You don't see it. They come out here, they work their ass off. They do |
304 | 00:50:40,530 --> 00:50:53,490 | exceptionally well, they may even break a record. But that's it. You have Michael Phelps, I mean, he's probably the exception to this rule, maybe. But |
305 | 00:50:53,490 --> 00:51:05,010 | even him, he's not feeling you know, after when he did his multiple gold medal. That was it. So you don't want your trading to be like the Olympics. You want |
306 | 00:51:05,130 --> 00:51:15,120 | easy, consistent, no pressure, title trading. It's about making money. It's not about influencing and making friends, okay, on social media, because that's what |
307 | 00:51:15,120 --> 00:51:24,870 | everybody thinks trading is today. It's the young crowd and the, the influencers, and I'm in this group, I'm not trying to say I don't because I knew |
308 | 00:51:24,870 --> 00:51:32,310 | I had, I know how to bark, I can build a crowd easy. I don't need to advertise. I don't need to do any of that stuff. I don't have to threaten my students to |
309 | 00:51:32,640 --> 00:51:43,050 | rep me. Or I'm going to cancel their subscription. I'm just saying, Look, if you're able to do it, wonderful. I don't go out there and say go out there and |
310 | 00:51:43,050 --> 00:51:55,050 | prove to the world and say I, you know, I tell you know, my students show themselves because they know how to do it. And they're proud. But you want to be |
311 | 00:51:55,050 --> 00:52:05,640 | able to go into this with their proper mindset, not building up some unrealistic expectation yourself, because all you're doing when you do that, and you make it |
312 | 00:52:05,640 --> 00:52:18,870 | social media equity curve, the my FX books, I gotta get on this ft mo leaderboard, who gives a shit about that. If you're literally sitting down |
313 | 00:52:18,870 --> 00:52:27,840 | listening to me, and you're thinking, Okay, I'm gonna go through the ICT mentorship in 2023. And I'm gonna get my son to count. And I'm going to totally |
314 | 00:52:27,840 --> 00:52:40,110 | smash the FDNY leaderboard, I'm going to be the highest payout in history in FTM. Now, you're doing it wrong. You're doing it wrong. Because if you aren't |
315 | 00:52:40,110 --> 00:52:50,340 | able to do that right now, that's sure as hell isn't going to be the end result of you being with me in 2023. And I'm going to tell you why you're doing it for |
316 | 00:52:50,340 --> 00:52:58,800 | the wrong reasons. You're going to push, when you don't even have your edge. You're going to push when you don't have the experience, you're going to push |
317 | 00:52:58,920 --> 00:53:11,700 | when you don't have the mindset to allow for imperfection change, you go into one trade losing. You go into a tailspin, and it's gonna become two trades |
318 | 00:53:11,700 --> 00:53:17,550 | that's lost. And you're gonna feel like, oh, no, I gotta get it back. And you gotta push and push and push, push, and then all sudden, you're gonna blow that |
319 | 00:53:17,550 --> 00:53:20,100 | FTMs account, you're gonna blow that |
320 | 00:53:21,750 --> 00:53:30,540 | whatever FTM is coming to the forefront of my mind. I don't know why. But I know there's other companies out there. And I'm not saying FEMA is good. Because I |
321 | 00:53:30,540 --> 00:53:37,560 | don't know. I don't have any experience with any of them. I have no interest in doing them. I have people that would say, Hey, Nick, what's going to really |
322 | 00:53:37,560 --> 00:53:46,260 | prove to the world you know what you're doing? Get up on the leaderboard and HTML? Why? What does that mean? How about I just run a Live account and then |
323 | 00:53:46,320 --> 00:53:53,970 | show you? How does that work for your life? How does that work? Okay, is that better? Because to me, that's, that's better. Because I can get lucky like |
324 | 00:53:53,970 --> 00:54:07,440 | anybody else in find her way up on a leaderboard. Call every single individual candle, the entire session, map out the entire narrative of the morning session. |
325 | 00:54:08,910 --> 00:54:20,430 | That's understanding that's prowess. And that's what I'm gonna lend to you this year. But when I'm done this, I'm done teaching. I'm done. Okay. I'm not saying |
326 | 00:54:20,430 --> 00:54:28,530 | I won't make videos, I just won't be doing them at the pace that you're used to seeing. Because I'll have other things in my personal life I want to do. But if |
327 | 00:54:28,530 --> 00:54:36,720 | you have that funded account, or the 100,000 hours, and you're aiming for one and a half percent for the week on one good setup, that one setup that makes so |
328 | 00:54:36,750 --> 00:54:44,910 | much sense that all other setups for the week, you're not interested in, you're not interested in any other day. This is the day it should be doing this |
329 | 00:54:44,910 --> 00:54:53,370 | particular thing with particular thing. You're going to understand that they've been with me throughout the year on 2023. Oh, if you know what you're talking |
330 | 00:54:53,370 --> 00:54:59,160 | about, you should be able to explain it right now. I can but you're not going to understand what I mean by it. It's going to be a low resistance that could be |
331 | 00:54:59,160 --> 00:55:07,920 | run What is that? Oh, it's in the mentorship already caught up on YouTube channel. But you don't have the experience of sitting there with someone who's |
332 | 00:55:07,920 --> 00:55:18,480 | going to outline what it looks like why should do it and then calling it before it happens live that's the only way you learn it by having your nose in a chart |
333 | 00:55:18,510 --> 00:55:32,730 | watching Real Time Data print. That's tape reading, no entries, no demo, nothing. No pushing of any kind of button. You need to log that real time market |
334 | 00:55:32,730 --> 00:55:41,700 | price delivery. And this is the part to every single one of my unsuccessful students. Just like every other teacher out there they have they have students |
335 | 00:55:42,090 --> 00:55:54,090 | virtually is amazing as he was, every one of his students didn't become a Jackie Chan. Okay, they didn't become, you know, some wildly profitable, profitable |
336 | 00:55:54,150 --> 00:56:08,670 | movie star or excellent tactician in martial arts. I'm no exception to that rule. Humans are human. I'm the same person today. That was this goober 20 year |
337 | 00:56:08,670 --> 00:56:16,860 | old that thought he's going to figure it out just by watching or reading a book that had no real insight about what the market was doing and why it would do it. |
338 | 00:56:17,220 --> 00:56:26,760 | I trusted squiggly lines. That's all I did. And I trusted that these people lived and said they made so much money that they were a flash in the pan wins. |
339 | 00:56:27,450 --> 00:56:36,150 | That's why there was only 12 people on the cassette tape that I heard as case study results. It was the same cassette tape that he would keep pushing out. |
340 | 00:56:36,390 --> 00:56:46,470 | Year after year. Where's the new where's the new people that made money? It's like the Tim Sykes, you know, how many millionaires did he make? Think he's only |
341 | 00:56:46,470 --> 00:56:54,960 | made two that I know of. And I don't know their names. And I might be wrong. But I know he's only got one millionaire student. And he never made more money than |
342 | 00:56:54,960 --> 00:57:03,720 | he's ever claimed from his bar mitzvah money. So, you know, how's that a sales pitch? Sale, sales pitch for a penny stocks shouldn't exist, because that's |
343 | 00:57:03,720 --> 00:57:14,220 | garbage. You shouldn't be trading in that stuff. So many rabbit trails I can cut down right now. Anyway, alright. 1000, you're trying to aim for one good set up |
344 | 00:57:14,460 --> 00:57:24,270 | one and a half percent for the week. That's an easy low hanging fruit. What would it look like for some of you that have been here long enough to know what |
345 | 00:57:24,270 --> 00:57:34,290 | a low resistance liquidity run signature will look like in price? Well, this morning, if you look at the E Mini s&p setup, that was a low resistance |
346 | 00:57:34,290 --> 00:57:45,930 | liquidity run signature that running into that fair value gap and bullish breaker. That was a no brainer into that sell side that was so easy to see. So |
347 | 00:57:45,930 --> 00:57:56,280 | easy. And it worked like gangbusters. Not trying to be pro pride, prideful and boastful. But let's call it what it is, folks. Everything in that market that I |
348 | 00:57:56,280 --> 00:58:07,080 | recorded and mapped out and was being typed out. Try to do that with another market going the opposite direction, all that annotation real time. Nobody can |
349 | 00:58:07,080 --> 00:58:17,490 | do that. Okay, you can't be divided in your mind. I couldn't. I couldn't personally because I can't focus like that. I have to have extreme focus, where |
350 | 00:58:17,490 --> 00:58:26,460 | nobody can talk to me when I'm doing it. And that's why I do so well in recorded because I'm not having any distraction. If someone's like, eat my son, like when |
351 | 00:58:26,460 --> 00:58:35,430 | we're sitting together, and I'm explaining things. Sometimes he'll say, Dad was in right then and there, my concentration is completely broken. And I'm looking |
352 | 00:58:35,430 --> 00:58:45,150 | at him. And he's like, I'm sorry, it takes me minutes, if not the rest of the morning to get back in sync. Because I'm yoked about a gear, and I can't |
353 | 00:58:45,150 --> 00:58:57,750 | concentrate. So it's very difficult for me to do that. I look like I'm infallible, because I'm providing myself the proper environment. I know where my |
354 | 00:58:57,750 --> 00:59:09,060 | problems are. I know where my pitfalls are. Okay, so if I invite people to ask me, Why am I'm doing this? Yeah, all of that can be answered later on. Let me |
355 | 00:59:09,060 --> 00:59:15,510 | dazzle you with the precision, okay. And we can answer all those questions out there. Because you're gonna see this, it's already in the teachings on my |
356 | 00:59:15,510 --> 00:59:22,950 | YouTube channel. I'm not gonna have to create something new. And like, oh, well, you didn't teach that? No, I thought it. And it's using the very logic that |
357 | 00:59:22,950 --> 00:59:30,630 | you've learned. It's not morphing into something totally new. It's something that repeats over and over again, as you would expect if there is an algorithm, |
358 | 00:59:31,560 --> 00:59:44,850 | not algorithms. It's one algorithm. One, it delivers price. And there's certain times of the day certain days of the week and certain instances where the |
359 | 00:59:44,850 --> 00:59:54,450 | signatures are so overwhelmingly obvious what they're doing. It's not obvious to the lay people that are dabbling in trading. You know, the guy that painted my |
360 | 00:59:54,450 --> 01:00:07,740 | house or as to say, this way, the contractor that hired the subcontractors that painted my Hell's $39,000 $39,000 that paint, you know, a little bit over 8000 |
361 | 01:00:07,740 --> 01:00:13,500 | square foot home. And I didn't have everything painted like the, the classes didn't need to be painted, you're probably saying what the hell is he talking |
362 | 01:00:13,500 --> 01:00:21,030 | about now, but the guy overcharged, okay. And apparently I'm not the only one that was facing something like that. I've looked at several other people, my |
363 | 01:00:21,030 --> 01:00:29,550 | wife has a tick tock account and people are complaining and bitching how you painters are saying one room is 8000 hours, and this that nothing and it's |
364 | 01:00:29,550 --> 01:00:37,680 | extremely expensive. So I can imagine for people that don't do well, and they just have their new rate of nine to five job or whatever. And you have a family |
365 | 01:00:37,680 --> 01:00:44,970 | and all these things have increased. I can't imagine how the average person is doing this anymore today. Like I don't know. But my point in bringing all that |
366 | 01:00:45,000 --> 01:00:52,230 | up is it sound like I was bragging, right? But I wasn't I was complaining that even with all the money, I have $40,000 almost just the paint the house and |
367 | 01:00:52,350 --> 01:00:59,850 | inside and not the entirety of the house, just the main surface walls, that things that have a lot of high traffic and such. That's a lot of money even for |
368 | 01:00:59,850 --> 01:01:08,910 | me. The guy that I hired, which was CertaPro Painters, let me just say this right now, don't ever use them. Because I could have offered these people to |
369 | 01:01:08,910 --> 01:01:18,030 | come in is what I should have done. Had will come in and paint one of the rooms, one of the bedrooms. Okay, and soon as its uptime, subcontractors come in, I |
370 | 01:01:18,030 --> 01:01:24,720 | love them. They were great. They were good workers, very honest people. And I should have said, some look, give me your business card, because this is what I |
371 | 01:01:24,720 --> 01:01:33,120 | did. I got hooked on the whole contract that needed to do a little house and stuff. But I should have done this, as in the command penguin room. If I like |
372 | 01:01:33,120 --> 01:01:38,550 | what you did with that one room, I'll let you do the rest of the house. But really, that would have been an invitation to come in and say, Okay, I want to |
373 | 01:01:38,550 --> 01:01:46,350 | see how you do and then I'm going to hire you. And I'll be the contractor to sign that sign. Do you want us to subcontract with you my house and not have to |
374 | 01:01:46,350 --> 01:01:54,870 | pay the exorbitant of I was under the impression that CertaPro had its own painters, and they do, but most of their work is subbed out. So trust me, |
375 | 01:01:54,870 --> 01:02:03,420 | there's a point on this. But it is a life lesson for some of you. I could have hired these individuals and probably paid less than half. And he would have done |
376 | 01:02:03,420 --> 01:02:11,760 | the same amount of work, the same level of workmanship. And they would have been much more appreciative because I would have gave them the job and they wouldn't |
377 | 01:02:11,760 --> 01:02:22,890 | have to rely on this other guy. And this other guy literally walked in my house with his shoes on. And I fucking flipped out. I was like, Dude, you don't come |
378 | 01:02:22,890 --> 01:02:33,510 | in my house with shoes on. I'm sorry. Take your fucking shoes off, not just apologize, take your fucking shoes often get on my house. So he takes his shoes |
379 | 01:02:33,510 --> 01:02:45,900 | off. He's walking around prices, the job and such. And he says, What do you do? I said, I'm in the markets. And how you how long is this job going to take? He |
380 | 01:02:45,900 --> 01:02:54,810 | will answer a question and come back to you. What do you do in the markets? Like Well, I've I've traded stock stock options. I've traded stock index futures. |
381 | 01:02:54,810 --> 01:03:04,320 | I've traded commodities. I've traded bonds, I've traded Forex, I traded index, and that index currency futures. I've done all of it. Except for crypto. He |
382 | 01:03:04,320 --> 01:03:13,440 | said, gotcha. I wanted to ask you that. I kind of figured you on these crypto guys. No, trust me, dude. I'm not that guy. And I'm the anti crypto guy. Okay, |
383 | 01:03:13,470 --> 01:03:17,010 | trust me. I'm not I'm not the guy to listen to you with that shit. So |
384 | 01:03:19,440 --> 01:03:27,780 | anyway, he goes on about how he got hurt. He was trying to listen to these people doing what? Take a guess. Can you take a guess what he was trading? Not |
385 | 01:03:27,780 --> 01:03:40,230 | crypto. He was getting ready to go into crypto because he moved out of taking heavy losses in meme stocks. What do you think about GameStop? What do you think |
386 | 01:03:40,230 --> 01:03:49,020 | about AMC? They're going to shit. Just like I told all of you. This whole year, I said, Watch. They're gonna become penny stocks. And look where they're trading |
387 | 01:03:49,020 --> 01:03:59,550 | now. You gotta listen to go to YCT. I'm here to help you folks. And it's not costing you anything. Did you have to give me your PayPal? No. Did you have to |
388 | 01:03:59,550 --> 01:04:11,010 | swipe a credit card? Now? Just listen to me, I promise you're gonna get things that you would have to pay a lot of money for elsewhere, or not even learn. So, |
389 | 01:04:11,310 --> 01:04:23,670 | this goober says, you know, I would really like to learn how to do this and do that because I lost my ass in Gamestop and AMC movie theater. And I was like, |
390 | 01:04:23,940 --> 01:04:35,400 | Were you in the Reddit forums? Yep. Yeah, well, he's one of the guys I told you about over the spring and summer. I said these people sit around. And they talk |
391 | 01:04:35,430 --> 01:04:46,140 | about how they're going to bust up the market. They're gonna go after these billionaires, okay, these fund managers in the market makers see that and they |
392 | 01:04:46,140 --> 01:04:54,480 | give it to them. They let it run a little bit closer. They're they're already buying in the market runs up. And as it's going up, they know that the Reddit |
393 | 01:04:54,480 --> 01:05:01,650 | crowd and all the forums are gonna be hopping in. Yeah, it's great. We're all gonna get rich. We're gonna we're gonna bang grabbed all the hedge funds. That's |
394 | 01:05:01,650 --> 01:05:10,890 | what what they were. That's exactly what they were saying. And you heard me tell you all, this is not going to happen. This is what they've done. They have built |
395 | 01:05:10,890 --> 01:05:19,830 | in a premium. And at the highest point, everything seems great, kind of like Bitcoin when it was just suddenly $20,000 Initially, per Bitcoin. And my wife |
396 | 01:05:19,830 --> 01:05:28,920 | was like, Hey, do you trade Bitcoin and I put out the APB. That's it, that coin is not going to 20,000 it's going to 6000. And it happened. That says, gonna go |
397 | 01:05:28,920 --> 01:05:36,720 | to 3000. And I was off by 200. Okay, and I told you, when I was gonna go to 20,000, and it happened, I told you, I was gonna go to 30,000 and a half, I told |
398 | 01:05:36,720 --> 01:05:45,660 | you what's going to be 5060. And I told you the highest monthly be 70 lb on a worst case scenario, if I'm totally wrong. And it basically shit the bed since |
399 | 01:05:45,660 --> 01:05:54,720 | then, this whole year, it's been bad. Well, this is an individual that I talked about with you all. He's in my house, and I'm paying him 40,000 hours to paint |
400 | 01:05:54,720 --> 01:06:04,170 | my house. Now he's not keeping all that money mine, he's got to give it to the subcontractors too. But he's profiting on nothing. But he's bitching to me how |
401 | 01:06:04,170 --> 01:06:16,050 | he lost his ass in these memes, stocks, doing what chasing public perception about what the public thinks the markets going to do. That's the, that's the |
402 | 01:06:16,050 --> 01:06:25,050 | epitome of retail, thinking that support resistance supply and demand zones, Elliott Wave, all these harmonic patterns, zoo patterns, is going to make the |
403 | 01:06:25,050 --> 01:06:36,150 | market do something, it's going to bend to the will of those animal patterns. And that's where he was in, he was in those rooms listening to that stuff. And |
404 | 01:06:36,150 --> 01:06:45,960 | they were only thinking I was going to go to the moon. And they couldn't understand that there was a entity out there, that literally gave them the rope |
405 | 01:06:45,960 --> 01:06:53,460 | to hang themselves with it. And that's exactly what I explained to you. They'll run it up, they'll make money, you know, building up a large position, then |
406 | 01:06:53,460 --> 01:07:00,870 | delivering it up, and then selling it off to the public. Who's going to buy I think it's gonna go to the moon. And they're all laughing. They're all over the |
407 | 01:07:00,870 --> 01:07:09,840 | internet laughing Oh, we made so much money. And so and so they're all broke now. Because they held on and bought more. And then when it dropped a bit more, |
408 | 01:07:10,740 --> 01:07:26,430 | buy the dip, the old crypto adage, buy the dip. hold on for dear life. Well, that kind of stuff leads to destruction. And this dude literally was one of |
409 | 01:07:26,430 --> 01:07:36,600 | those people that were in those rooms on Reddit, who fell victim to all that stuff. And at the end of next year, you're not going to have those problems, |
410 | 01:07:36,660 --> 01:07:57,030 | you're not going to be caught up in that mania. The whole I gotta get in, I'm gonna miss the move. Yeah. Every year, folks, person every single year, doesn't |
411 | 01:07:57,030 --> 01:08:08,340 | make a move. Okay, they are the moves that you can make fortunes with. You don't need to be trading crypto, you don't need to be trading any one particular |
412 | 01:08:08,340 --> 01:08:20,700 | market over another asset class. If you stick to just one, there's a big move every year in something, you can be a specialist and do exceedingly well. I have |
413 | 01:08:20,700 --> 01:08:31,620 | a lot of folks that came to me by way of forex. And they're really, you know, tore up about the idea that I don't touch FX anymore. And I don't know why that |
414 | 01:08:31,620 --> 01:08:40,170 | should be a problem. Because if you are my students, you should know how to take a trade in that. You don't need me to do it. I don't need to talk about it. |
415 | 01:08:41,970 --> 01:08:52,710 | Though pointless for you to be independent. But the same logic that I use to trade names, FX patterns and pairs. Works in everything. Now, let me use this |
416 | 01:08:52,710 --> 01:09:00,420 | opportunity to talk about the nifty because I have a lot of Indian traders that reach out to me and say there's your stuff working in the nifty. I don't know, |
417 | 01:09:00,810 --> 01:09:07,200 | to be honest with you. I don't have any experience with it. And I don't have any experience with synthetic indices. Okay, so there's two things I wanted to have |
418 | 01:09:07,620 --> 01:09:14,700 | on my notepad here scratched off. I have no experience with those. I don't know if it works, but I'd love to hear your feedback if it works for you. So there |
419 | 01:09:14,700 --> 01:09:26,670 | you go. must like me and crypto. I don't trade I've never traded crypto outside of a paper trade. And that really doesn't mean shit does it? So one is my |
420 | 01:09:26,670 --> 01:09:36,570 | students cosign for it working there. Okay, and I'm comfortable with that. I have no interest in trading it but you don't need to be trading or jumping |
421 | 01:09:36,570 --> 01:09:48,270 | around. You see these folks out there they got like 29 Different forex pairs they're following. Why? Like, more is a distraction. Okay, and here here's a |
422 | 01:09:49,170 --> 01:09:57,600 | here's a testimony to your maturity as a trader, okay. And I really want you to listen to this folks because it has nothing to do with pride has nothing to do |
423 | 01:09:57,600 --> 01:10:06,420 | with ego. This is where the rubber meets the road. because when I first started, I thought I had to track every single fucking commodity there is. And it drove |
424 | 01:10:06,420 --> 01:10:18,480 | me nuts, I had to make my own individual charts, I had to put a.on A bar, and to put a.on A little graph paper, okay, and they were all dots, I had a little |
425 | 01:10:18,510 --> 01:10:27,780 | rough eyeball where that high and low would be on a paper chart, printed one time a week and delivered to my house. Okay, commodity price charts is what this |
426 | 01:10:27,780 --> 01:10:38,340 | was, I had to draw my open high, low and close for every fucking commodity that I was worried about. Every single day. That's how I did it. Okay, that's what we |
427 | 01:10:38,340 --> 01:10:46,680 | had to do. You guys are all spoiled. And you think because you have all that luxury of click a button, you have everything pop up on your chart, you think |
428 | 01:10:46,680 --> 01:10:54,960 | that's an advantage. It's not, that's not an advantage, it's actually a distraction. The people that do exceptionally well, unless you are a long term |
429 | 01:10:54,960 --> 01:11:05,970 | trend follower, there's really no need to be falling 20 Some markets, you don't need to do that. That stupid, you will be better suited to being a specialist to |
430 | 01:11:05,970 --> 01:11:15,360 | one or two markets is exactly how I teach it. When I was teaching FX, it was the pound, the Euro coupled with the dollar. So that was our triad. Okay, three |
431 | 01:11:15,360 --> 01:11:24,570 | markets that are closely correlated. Dollars gonna do one thing. Pound and the euro would do the opposite. And you look for that little crack and correlation. |
432 | 01:11:24,870 --> 01:11:37,200 | Okay? When it creates that and you have a bias and narrative, it's easy. If you don't have that you do nothing. Well, if you feel like you have to have a lot of |
433 | 01:11:37,200 --> 01:11:49,620 | markets to be tracking, to the adages, more monitors, more markets to follow means you're professionally minded. That's horseshit. That's horseshit. And that |
434 | 01:11:49,620 --> 01:11:57,780 | is all image stuff, okay? The people that make the fucking money are the people that have a specialty in one or two markets. And that's it, they don't give a |
435 | 01:11:57,780 --> 01:12:04,440 | flying, fuck, what's going on in the dealer market, they don't care about that stuff. They don't care about who thinks they're other markets that they're |
436 | 01:12:04,440 --> 01:12:12,030 | trading are not as good as that they care, they don't care. They're making money. And when you make money, you're not going to give a flying, flip what |
437 | 01:12:12,030 --> 01:12:19,470 | anybody else thinks about what market you should be trading to, then you're gonna understand why I was telling everybody in 2012, all the way through 2017. |
438 | 01:12:19,470 --> 01:12:28,740 | And yes, I knew the market was gonna go up to 20,000. I told you when it was going to happen, and no, I didn't trade it. And no, it'll have a regret. I can |
439 | 01:12:28,740 --> 01:12:39,540 | find big moves every single year, as you're gonna learn in 2023. You're not going to be subservient to anyone. Least of all me. If I'm not teaching you to |
440 | 01:12:39,540 --> 01:12:50,100 | be independent, I'm not a good mentor. I'm not trying to be glad handed to all of you. I have my own life. My wife wants to spend time with me. Okay. I know, |
441 | 01:12:50,100 --> 01:12:59,790 | it sounds hard to believe. But I'm unlikable kind of guy, okay, in real world, my wife wants to be with me, okay, and I'm trying to do my best to make that |
442 | 01:13:00,060 --> 01:13:07,530 | easy. So that way, I don't feel tugged back to all of you. Because there's a lot of you that are struggling. And I know, it's mostly the people outside my |
443 | 01:13:07,530 --> 01:13:13,500 | private group. So I'm giving you a gift. Okay, I'm giving you a gift of my entire year. |
444 | 01:13:14,760 --> 01:13:25,590 | My focus, and I'm giving it to you for absolutely for free. And I want you all to succeed. But I want you to go in with the right mindset of knowing that |
445 | 01:13:25,590 --> 01:13:34,320 | you're learning how to read price, how to find setups, and then you're going to find what market you like, and you're not going to give a shit about which one |
446 | 01:13:34,320 --> 01:13:42,120 | on trading. You may learn by using the ES and the Nasdaq this year with me and you say you know what, I'm going to take what I learned, and I'll be right back |
447 | 01:13:42,120 --> 01:13:49,290 | to the euro dollar. No, God bless you. If that's what you're going to do. That's fine. Don't let me tell you otherwise. I personally don't want to touch Forex. |
448 | 01:13:49,620 --> 01:13:59,370 | And I've touched on the reasons why the entirety of this year. But if you feel comfortable taking on that risk. Don't let anybody change your mind about it. |
449 | 01:14:00,120 --> 01:14:08,550 | Don't feel any kind of adversity or second guessing nothing. None of that should have any influence on your decision making what market you're going to trade. |
450 | 01:14:09,600 --> 01:14:17,730 | Because I'm telling you the richest people in these markets are the ones that have one or two markets at best. The biggest guys out there to trade just |
451 | 01:14:17,730 --> 01:14:25,980 | stocks. They only have a handful of stocks. So when I say handle two, three, maybe four at most, but they know those fucking stocks like the back of their |
452 | 01:14:25,980 --> 01:14:36,510 | hands. They knew the highs and the lows of yesterday, three days ago. They know those markets, they know him, they live and breed them. You want to be a |
453 | 01:14:36,510 --> 01:14:50,100 | specialist. That lesson one of the folks that have blessed me this holiday season is there's so many of you, and I'm just gonna add this in here. I've |
454 | 01:14:50,190 --> 01:14:59,670 | received a lot of cards, letters. I've received gifts some of them are very, very nice too much really for me. I was very surprised to see some of the stuff |
455 | 01:14:59,670 --> 01:15:13,500 | that you guys sent to me. One of the individuals sent me a DVD version of Larry Williams. Course, I told you about new coming up out of the H S. Four tape thing |
456 | 01:15:13,500 --> 01:15:25,350 | from him. And I'd love to sit down with Caleb, in our theater and I played it. The transfer from VHS to what they did when they dubbed it, it's really it's not |
457 | 01:15:25,380 --> 01:15:36,870 | as clear, as I remember the VHS thing is what it is right? But watching it. And I could say verbatim what he was gonna say beforehand. And Kayla was like, man, |
458 | 01:15:37,080 --> 01:15:47,970 | when's the last time you watched this? I said, Honestly, shit, like 18 years, maybe 19 years. That's a long time to know, still verbatim what the man is gonna |
459 | 01:15:47,970 --> 01:15:57,360 | say. That's how many times I watched it. So when he talked about the section in there to be a specialist, I turned to my son Caleb, I said, Can you see where I |
460 | 01:15:57,360 --> 01:16:08,460 | got that from? Now, when I first heard him say this in 1995, that's when I bought that VHS course, he made the video course, in August of 1994, in a little |
461 | 01:16:08,460 --> 01:16:20,310 | workshop that he filmed with trade winds. And then there was put on the market. Because I bought this Yahoo's course, that caused me to lose my money, not |
462 | 01:16:20,310 --> 01:16:31,740 | knowing what the hell I was doing, taking stupid gambling, and an orange juice option. By buying that guy's course, the mailing list that he was building, |
463 | 01:16:32,700 --> 01:16:41,100 | Larry Williams was a purchaser of it. And then I ended up getting Larry Williams shipped sent to me and Yale, I was like, Well, shit, I'm gonna buy his stuff, he |
464 | 01:16:41,100 --> 01:16:51,930 | made $10,000 turn to $1.2 million in a year. Hey, you know, I want to learn from that guy. And then when I listened to him, say this particular thing in 1995. |
465 | 01:16:52,170 --> 01:17:05,220 | Now, mind you, this is the third year of my trading coming up. And the things that that course and the subsequent interest in buying every book that he put |
466 | 01:17:05,220 --> 01:17:16,650 | out that particular moment where he says in that course, the VHS that was listen to him, and my son, and I were listening to it just a week ago. He says, You |
467 | 01:17:16,650 --> 01:17:26,790 | want to be a specialist. When I first heard it in 1995, it went in one ear out the other. Because in my mind, what I took away from his course and his |
468 | 01:17:26,790 --> 01:17:38,040 | materials, was right, what Larry's telling me as a fledgling student, is I need to be in here trading, everyone needs fucking markets, and I'm going to catch |
469 | 01:17:38,070 --> 01:17:43,680 | all the big news, I'm gonna give me I'm gonna be in every one on the coffee's gonna go up, I'm gonna be in that one. If sugar is gonna be, I'm going to be an |
470 | 01:17:43,680 --> 01:17:53,340 | all of them. But I didn't have the margin to be in any of those, you know, I had to be out of certain markets because I didn't have enough money in my account to |
471 | 01:17:53,370 --> 01:18:04,560 | even meet the initial margin to trade them. When I first started trading, I didn't have enough margin to even touch an s&p contract. Think about that. And |
472 | 01:18:04,560 --> 01:18:16,200 | here I was 27 years old thinking, I gotta watch all these markets. And I literally was updating the charts for palladium and platinum pork bellies. What? |
473 | 01:18:17,160 --> 01:18:25,980 | But that's how I was, I was going hard. I wanted to make sure I was coming. Nobody was gonna question me and my tenacity and my desire to be good at this. |
474 | 01:18:27,330 --> 01:18:40,920 | And I didn't listen. I did not listen to what that man said in that frickin video that made the best impact in my learning curve. When I reduced all the |
475 | 01:18:40,920 --> 01:18:50,250 | bullshit down to one or two markets, which were the what were they, the s&p in the bond market? Once I started doing that, and I didn't give a fuck all what |
476 | 01:18:50,280 --> 01:18:59,070 | the grain markets did. I didn't care what the meats were doing in live cattle, lean hogs and things like that. They're great markets. And there's nothing wrong |
477 | 01:18:59,070 --> 01:19:08,460 | with them per se. But there's better markets to trade, especially if you're in you're looking for short term setups. And because of my infancy as a trader, and |
478 | 01:19:08,460 --> 01:19:19,440 | just a total neophyte goober, by all definitions of the word, I had no idea what the fuck I was doing. I couldn't appreciate the good logic that he was sharing. |
479 | 01:19:19,980 --> 01:19:26,940 | Much like some of you, when you listen to me, you think I'm full of shit about certain things. You go off and you try other stuff or you try doing it sooner, |
480 | 01:19:27,030 --> 01:19:34,020 | you hurt yourself. Then you come back remorseful thinking, Okay, I've been humbled. Let me listen to the man. And now all of a sudden now you'll learn. |
481 | 01:19:34,320 --> 01:19:41,280 | Okay, well, that's what had to happen to me. But when I'm talking to you like this, I don't want you to feel like you have to go through the same shit that I |
482 | 01:19:41,280 --> 01:19:48,390 | went through and other people that like that same mindset thinking they're going to be the exception. So I turned to my son Caleb, I smile to him. I said, you |
483 | 01:19:48,390 --> 01:20:01,050 | can see where I got that from. That moment right there. I had to come back after my fifth account. Fifth account as a 20 year old thought I knew what the hell I |
484 | 01:20:01,050 --> 01:20:11,970 | was doing. And when I was doing it the right way, I wasn't satisfied. I wanted to do more, and pushed and pushed and pushed, and I blew the account. And I was |
485 | 01:20:11,970 --> 01:20:22,320 | trying to do too many other things. I wanted to be in the metals. And instead of just picking the one metal to be in, I was trying to be in platinum, palladium |
486 | 01:20:22,320 --> 01:20:31,410 | and high grade copper. For what? That's dumb, you're gonna be a metal shader trade, silver or gold done. If you want something that's gonna be a make a |
487 | 01:20:31,410 --> 01:20:40,020 | trade, if high grade copper goes into a premium. And what I mean by that is, the nearby contracts sell for more now than you do in the future. That's a backward |
488 | 01:20:40,020 --> 01:20:48,630 | causation. It's a reversal of a carrying charge market. That whole premise and I'll talk about this in the core content, which I learned specifically, directly |
489 | 01:20:48,630 --> 01:20:57,090 | right from Larry Williams. It still works today. If anybody tells you it doesn't work. They're full of shit. That stuff is that's that's the brass tacks. Okay, |
490 | 01:20:57,090 --> 01:21:05,880 | if you're going to be commodities trader, you don't know about that, then you don't know how to do it. But one is. I told my son Caleb, I said, you know, that |
491 | 01:21:06,420 --> 01:21:16,620 | moment of losing multiple accounts and realizing that I'm doing too much, I was successful here and there and had sense of progress, and equity increase, and |
492 | 01:21:16,620 --> 01:21:27,480 | then all of a sudden, I was trying to do more. Why? Because I saw some asshole on America Online. He had his little stupid s web page. It was Don't you think |
493 | 01:21:27,480 --> 01:21:39,870 | my web page is generic and stupid. This guy was even worse. He had a picture of a hammock. Okay, like a cartoon hammock. And Dean, Caribbean trader. That was |
494 | 01:21:39,870 --> 01:21:48,600 | his thing, okay. And you click on a shit and you read his newsletter, and that's what we did back then was newsletters. And I was like, He's saying he made |
495 | 01:21:48,600 --> 01:21:59,640 | $15,000 trading the s&p yesterday? No, I didn't see this man. Take this trade. He's not even showing a fucking chart. Like he's not doing anything. He just |
496 | 01:21:59,640 --> 01:22:12,060 | said he did it. So here I am gullible Huddleston. I'm thinking okay, well, this guy. I got to do this, too. So I'm now going to go into the s&p. Now you I've |
497 | 01:22:12,060 --> 01:22:23,130 | been initially trained by Larry Williams, Mr. s&p himself, you know, that wasn't enough of an influence. I had to see this goober. Okay, that just said he made |
498 | 01:22:23,130 --> 01:22:36,000 | 15,012 1000 8000 When you had losses, it was only like 150 bucks or 200 bucks, something like that. This guy knows something. That shit was me trying to run up |
499 | 01:22:36,450 --> 01:22:44,910 | with somebody else on social media. Now, that was the beginning infant stages of social media. Okay, miracle man, that was we the whole dollar and you know, |
500 | 01:22:44,910 --> 01:22:50,700 | modem, you know, hence, the handshaking that modems used to do a lot stuff, charging you by the minute type shit. |
501 | 01:22:51,960 --> 01:23:01,830 | That kind of experience. You know, we were we were cowboys. Mavericks in, in the internet, like everybody now like little kids and like our nieces. You know, |
502 | 01:23:01,830 --> 01:23:09,960 | they're small. They have cell phones, they have the iPhone and shit, you know, and to me, I think they're too young to have it. But hey, you know, they're not |
503 | 01:23:09,960 --> 01:23:18,810 | my kid. It's not my business, but I could talk to you because I'm not around them and their mother, you know, whatever, is what it is, right? Like everyone's |
504 | 01:23:18,810 --> 01:23:30,540 | got their own opinion. But back in the 90s, you know, that's when the internet was born, right? And the whole influence of social media because I was young, I |
505 | 01:23:30,540 --> 01:23:40,920 | was very impressionable. Because I've had this chip on my shoulder, I had to prove myself, I had to prove myself. So when I saw this guy out, here's all he |
506 | 01:23:40,920 --> 01:23:51,690 | was doing was typing that he did this never showed a chart just did the whole thing. And I'm thinking myself, that's what I want to do. Like, I want to do |
507 | 01:23:51,690 --> 01:24:01,890 | that. And if I'm having an impact on you wanting to be like me, like when I shared that trade today, anytime I share a trade, I want you to think about the |
508 | 01:24:01,890 --> 01:24:13,950 | logic that I'm doing. Don't look at what I'm showing as a trade result. Don't let that be the driver. Let the management the placement of my entry in the |
509 | 01:24:13,950 --> 01:24:24,240 | stock management. And where I take partials, let that be the driver for what you want to try to be like me with, take the money out of it. Okay? The whole the |
510 | 01:24:24,240 --> 01:24:33,270 | whole business of having that money there. That is the little hook that I use. Now, I don't advertise, okay, but when I was on Twitter years ago, I would |
511 | 01:24:33,270 --> 01:24:41,010 | literally do this over and over and over again show example after example. And these other people that have a whole lot more subscribers than me, that would |
512 | 01:24:41,010 --> 01:24:51,240 | claim to be brilliant tacticians and traders that you trade this and trade that you would never see them execute on anything. But they had the biggest mouth. So |
513 | 01:24:51,270 --> 01:25:00,900 | I challenged them all the time. I'd stand regularly and say look on the wrecking ball. I'm here. I'm the wrecking ball. Okay, not some guy down in Texas. I am, |
514 | 01:25:01,200 --> 01:25:09,300 | am I stood in front of every one of them, they either blocked me, or just made fun of the fact that was demo, it can be demo, I'm going to show you what the |
515 | 01:25:09,300 --> 01:25:18,630 | markets gonna do you show me what you're doing. I will stand out here and be the clown and show you with a demo that you can't even come close to what I'm doing. |
516 | 01:25:19,110 --> 01:25:32,280 | And you can use your Live account results. And it never panned out. They never would do it. So I use that whole need as a young man as my marketing tool. |
517 | 01:25:33,300 --> 01:25:41,580 | Because I know, that's what, when I was a younger boy, I was fascinated with wrestling, right? Who wasn't as a young man. I want to be a Hulk Hogan. I want |
518 | 01:25:41,580 --> 01:25:49,980 | to be an ultimate warrior. I want to be Jimmy Superfly Snuka. You know, all these Titans. The young men used to look up to Okay, little boys, I want to be |
519 | 01:25:49,980 --> 01:26:08,070 | like him. Well, I took that I guess it's a built in thing for for young guys. I guess, you know, you feel like you gotta have a hero. Okay, so I developed this |
520 | 01:26:08,100 --> 01:26:19,980 | anti hero. No, and nobody is going to want to be like me, because I'm just a demo baller. But I can do things very efficiently in that because number one, |
521 | 01:26:20,280 --> 01:26:29,520 | nobody can fault me when they lose money because I'm talking about a demo. And nobody can really take offense to it. Because even if you were a real good |
522 | 01:26:29,520 --> 01:26:38,010 | trader, and you were able to size up with me, which that didn't happen back then. They had real results they could have been bringing against me and they |
523 | 01:26:38,010 --> 01:26:48,150 | still wouldn't do it. Like, that's the facade and all this stuff. Like if you know you're doing just do it, right. So I fell victim to that same shit on |
524 | 01:26:48,150 --> 01:26:59,400 | America Online. And this guy, Dean, the Caribbean traitor. His newsletter was the major influence on me wrecking myself, trying to do shit trying to keep up |
525 | 01:26:59,400 --> 01:27:09,120 | with somebody that I guarantee this fucking clown wasn't even making any money. I'm convinced that it now. I'm convinced that this guy never made money. I think |
526 | 01:27:09,120 --> 01:27:19,200 | he just wrote shit. But because I was young, and I believed everything on the internet. Because think about it, it was just coming up. Nobody thought that |
527 | 01:27:19,440 --> 01:27:26,700 | scamming was a thing. Okay, because we were all enamored by the whole experience of being on there talking to people all around the world. Hey, I'm from China. |
528 | 01:27:26,730 --> 01:27:35,970 | Hi, I'm from Russia. Um, you know what? You can, you're talking to me right now I can, I can see that right now. Like, I don't have to wait for a letter to come |
529 | 01:27:35,970 --> 01:27:44,100 | in the mail. And with a stamp and all that stuff. Like it was, it was crazy. Like, we were totally taken aback by it. And I know I was I'm not gonna sit here |
530 | 01:27:44,100 --> 01:27:55,050 | and bullshit you I'm gonna tell you straight up, like I was in there running up a bill all the time with America Online. I loved it. But it hurt me. It made me |
531 | 01:27:55,050 --> 01:28:03,240 | chase shit, that I should have no business messing around with and believing people that had no reason to be believed. So when I teach, and I show my |
532 | 01:28:03,240 --> 01:28:11,160 | examples, this is why I shared it publicly. Because if I didn't know what the fuck I was doing, I couldn't replicate this stuff. On TradingView. They just |
533 | 01:28:11,160 --> 01:28:16,380 | added this little feature where it has like that little lightning bolt at the bottom showing it that's real time data. You can't fake that it's right there. |
534 | 01:28:16,650 --> 01:28:29,280 | Okay. It has no delay, and you can't do trades with Market Replay. I'm sneaking a little, little drink in get my second wind. You should have brought some |
535 | 01:28:29,280 --> 01:28:39,240 | snacks motherfuckers. So if you know that that's a character flaw on you, and mostly for the men. You got to be careful even with me, okay? Because when I'm |
536 | 01:28:39,240 --> 01:28:49,380 | showing examples, yes, I'm showing you precision. Yes, I'm showing you logic that I've already taught you to inspire you to work towards that. I'm throwing |
537 | 01:28:49,380 --> 01:28:58,590 | the number of what the results would be in the faces of all these people out there to talk shit, okay, and they try to do 50 different trades over |
538 | 01:28:58,590 --> 01:29:07,020 | leveraging, then that's supposed to convince you that they're a good trader, that's gambling. And if you're blowing your account going maximum loss several |
539 | 01:29:07,020 --> 01:29:15,810 | times in the same week, and you're deleting those live streams. That communicates fraud. So when I sit down and I go through the logic of really |
540 | 01:29:15,810 --> 01:29:25,440 | watching Real Time Data, and I'm live execution, these are being pushed real time. There's no way of faking that. There's no way for me to hide the fact that |
541 | 01:29:25,440 --> 01:29:36,150 | I'm annotating the chart, I'm typing it out those things proof, prove rather proof of concept in theory. And if these things weren't, so you all would see |
542 | 01:29:36,150 --> 01:29:45,900 | that period, and the story. So you don't want to be falling victim to any of the bullshit that's online. And you don't want to take the wrong message from what |
543 | 01:29:45,900 --> 01:29:53,760 | I'm teaching, or from my examples. Look at the precision elements, the things that repeat, even if you don't understand why I'm doing the trade. I guarantee |
544 | 01:29:53,760 --> 01:30:02,610 | if you go through, look at your chart and see where I was going in it and study what you've learned the thus far on my YouTube channel, you're going to see the |
545 | 01:30:02,610 --> 01:30:17,340 | breakers. Okay, when that went up into that, my second entry, the very second entry where I did a partial. That is the model 22. I'm sorry, 2022 entry, but |
546 | 01:30:17,340 --> 01:30:27,030 | it's also a bearish breaker. There are so many things in Confluence right there for me to trust that. And some of you in my private group have said, looking at |
547 | 01:30:27,030 --> 01:30:35,130 | Wow, you were like using a one point stop loss. I wasn't worried about it being a one point stop loss, I was just using the logic that I teach my stop loss |
548 | 01:30:35,130 --> 01:30:43,560 | above consequent encroachment of what you know, was a student of mine. And it had already went up into the fair value cap. It's just returning back to the |
549 | 01:30:43,560 --> 01:30:52,980 | bottom of the the highest up close candle, which is a bearish order block, but it's also inside the range of a bearish breaker. All those things are in that |
550 | 01:30:52,980 --> 01:31:00,780 | one minute chart, go back and look at it, it's there. And when it's that strong, and that's when it's so overwhelming, it's easy to take those types of setups. |
551 | 01:31:01,860 --> 01:31:10,920 | But now, if you compare that with saying, Okay, this looks like it might be a shift in market structure, I'm not really certain. And there's two fair value |
552 | 01:31:10,920 --> 01:31:18,510 | gaps in here. So I'm I don't know what I'm gonna do. I'm gonna just take one of them, I'm gonna take the first one. And I'll use what ICT said it might go up |
553 | 01:31:18,510 --> 01:31:24,000 | here and trade into other one, and I'll just put my stop loss above that, and then it goes up and hits it knocks it out, and you're gonna come away with what |
554 | 01:31:24,540 --> 01:31:31,980 | this shit don't work? No, it will work. But you have to have more than one reason to do it. |
555 | 01:31:33,630 --> 01:31:44,910 | We have to have statistical probability in our favor. What is that? It's not contrived. It's multiple factors that algorithmically lend well to a low |
556 | 01:31:44,910 --> 01:31:54,300 | resistance liquidity run. It's a whole lot of mumbo jumbo now. But basically, it means this, the market goes to liquidity, whether it be by stock, or sell side |
557 | 01:31:54,300 --> 01:32:06,120 | liquidity, or it goes back up to an inefficiency, one or the other. That's all it's going to do. That is the initial stages of a market setup, you have to have |
558 | 01:32:06,120 --> 01:32:14,910 | one of those things. If you don't have either one of them, you have no fucking trade. It's that simple. You have to have one or the other, it's not going to do |
559 | 01:32:14,910 --> 01:32:20,640 | something different. It's gonna pull, it's not gonna pull a hat trick out and say, you know, watch this shit, I'm gonna do something new for you. No, it's one |
560 | 01:32:20,640 --> 01:32:30,810 | of those two things. And your model best suits you to pick one or the other. Are you going to trade fair Vega? Or in balance? Or are you going to trade runs on |
561 | 01:32:30,810 --> 01:32:43,380 | liquidity? Turtle Soup type ideas? Okay? Where you might have a hybrid, you require the stock run, like the 2022 model, it does that first, then a shift in |
562 | 01:32:43,380 --> 01:32:51,090 | market structure, then you go to the imbalance. It makes it easy, doesn't it? Oh, it makes sense. When you say it like that, I see. No fucking shit. That's |
563 | 01:32:51,090 --> 01:33:00,630 | what I said there on the whole lessons and 41 videos spread out across a whole lot of rants, that you bitch about. It's always there, you just don't pay |
564 | 01:33:00,630 --> 01:33:10,320 | attention to it. Because you're coming into the lessons or the lectures, listening for your choice. Delivery, your little thing that you want to have |
565 | 01:33:10,320 --> 01:33:21,540 | your itch scratched on. No, you're not going to do well in 2023. Like that, you got to come in with an open notebook. Clear your mind have no expectations |
566 | 01:33:21,540 --> 01:33:31,140 | except to learn. If you do that, you won't fall victim to the bullshit, you will be able to glean from the Dean of price action. And I'm telling you, you will be |
567 | 01:33:31,140 --> 01:33:40,950 | better this time next year, you will have skill sets that you'd never thought you were going to have. But it has to be built upon like working out. And nobody |
568 | 01:33:40,950 --> 01:33:46,950 | likes that first workout sucks, you get sore. And then you don't want to do it the next day you supposed to work out because that's when you're supposed to do |
569 | 01:33:46,950 --> 01:33:56,790 | it. That's how you you got to tear shit up. Okay, what does that you're gonna be breaking up your preconceived notions about what you think trading is, and how |
570 | 01:33:56,790 --> 01:34:05,010 | you're going to do it. Because every single Monday, you're going to come in here. Invariably, with the expectation of this is the way you're going to do it. |
571 | 01:34:05,490 --> 01:34:16,620 | Like it's habit your way mentorships and I have had so many entitlement minded individuals come to me and kick their asses out. Either by pressuring them |
572 | 01:34:16,620 --> 01:34:26,700 | through the same process that everybody else goes through and they can't take it. Or I literally one on one, tell them this is where you're fucking up. You |
573 | 01:34:26,700 --> 01:34:33,330 | keep doing the same things and you have to attack that. That's your root problem. And when they fix that, suddenly they're a good student, they can |
574 | 01:34:33,330 --> 01:34:44,430 | learn. Oh, you just don't want to take responsibility for not being a good teacher. No, I know where my limitations are. But I also know and I can identify |
575 | 01:34:44,460 --> 01:34:54,210 | someone that's not prepared to learn. And if you go into 2023 with these ideas, that you know, this is the only thing you need. You're gonna figure it out |
576 | 01:34:54,210 --> 01:35:03,540 | bullshit. That's bullshit right there. There's so many things you don't even discover about yourself yet, there's going to be an impediment. You don't know |
577 | 01:35:03,540 --> 01:35:15,690 | you yet. That's the, that's the defining moment for every trader, knowing where the fuckup resides inside of you, because all of us have it, I have it, you have |
578 | 01:35:15,690 --> 01:35:25,590 | it, you may not want to agree, or even identify it yet, but it's there. That's the gambler. There's three people in us, okay? The analyst, the person, that's |
579 | 01:35:25,590 --> 01:35:33,120 | the person, that's your conscience, really, okay. In the average daily life, it's your conscious, you know, damn, well, you shouldn't be doing certain |
580 | 01:35:33,120 --> 01:35:40,530 | things. And when you hear that internal voice, say, Don't do that, you know, if you do that, this is going to come back and bite your neck. But you don't listen |
581 | 01:35:40,530 --> 01:35:49,500 | to it, and you just do it right? Then what happens? You got repercussions, you have consequences. So you want to listen to the conscience. Now, what's the |
582 | 01:35:49,500 --> 01:35:58,680 | conscience in a trader? That's the analyst, that's the person that has sound logic, these are the rules, you have to stick to them. Okay. The trader is the |
583 | 01:35:58,680 --> 01:36:08,250 | individual inside you that trusts the analyst, that the analyst logic is the right way of doing it. And then what are the rules, I only engage on these |
584 | 01:36:08,250 --> 01:36:21,750 | timeframes on this logic, using the insight from the analysts because I trust the analyst. And then you have Rodney Dangerfield, the gambler and all of us, |
585 | 01:36:22,200 --> 01:36:30,600 | the person that just says, You know what, I haven't been respected enough today. I gotta go out here and lose some fucking money. I gotta, I gotta be recognized. |
586 | 01:36:31,020 --> 01:36:40,470 | I gotta go out here and do something today, to put myself on the map. I gotta go out here and do max daily loss in my doorman account, okay, you got to be a |
587 | 01:36:40,470 --> 01:36:54,510 | gambler. That gambler, shit doesn't make a career, it ends them. It differs, real growth and learning. And it causes mental anguish that literally can bend |
588 | 01:36:54,540 --> 01:37:09,900 | and warp you, in, in the weakest of minds, can cause you to make poor choices about being on this spinning rock. Yes, it can happen. I know people that aren't |
589 | 01:37:09,900 --> 01:37:18,720 | here anymore. And you don't want to have these markets have that much control and empowerment over you. You're here to master yourself. You're not mastering |
590 | 01:37:18,720 --> 01:37:28,680 | the markets. I'm not a master of the markets. I'm not a king. I'm not a goat. Okay, I'm not the greatest of all times, I am ICT on the inner circle trader. |
591 | 01:37:28,680 --> 01:37:42,330 | And I know what I know. That's it. That's it. That's all I claim. I claim that I understand the market delivery better than any other medium, or approach to |
592 | 01:37:42,360 --> 01:37:52,680 | trading or analysis concepts. And I think if anybody spends enough time with me, that's pretty much given. You don't have to like me as the person. And I promise |
593 | 01:37:52,680 --> 01:37:59,910 | you, you only got to spend one more year with me. If you don't know what you're doing yet. You don't like me as a person, you don't like my disposition or |
594 | 01:37:59,910 --> 01:38:08,070 | whatever, that's fine. I'm not here to be your friend. I'm not here for friends. I'm here to have a clean conscience and know that I have done everything I |
595 | 01:38:08,070 --> 01:38:17,730 | promised I would do. If I was gifted with this, and I have been gifted. I've been in places, rubbed shoulders with people you'll never meet and look at when |
596 | 01:38:17,730 --> 01:38:26,640 | I'm able to do. That's a testimony to that. You have to believe that now, when you start doing it yourself, and then you have to start thinking, Where the hell |
597 | 01:38:26,640 --> 01:38:34,980 | did this really come from? Yeah, that's when it gets really interesting. Yep, you'll be talking to yourself in the car, having conversations about shit that |
598 | 01:38:35,100 --> 01:38:46,170 | you didn't think about right now. Yep. It's gonna happen. Trust me, it's gonna happen. You probably you probably already do like, yeah. But this year coming, |
599 | 01:38:46,710 --> 01:38:56,670 | is going to be a big growth spurt for some of you. And guess what it's like when you have a growth spurt. It's painful. It's going to challenge a lot of your |
600 | 01:38:58,440 --> 01:39:05,460 | views about who you are as a person, you're going to realize that you have certain weaknesses that you're going to have to contend with. And there's no |
601 | 01:39:05,460 --> 01:39:19,290 | reason to be fearful that that's necessary. That's all necessary learning. And that's the stuff that's not in books even. Mark Douglass's book, that's kind of |
602 | 01:39:19,290 --> 01:39:28,530 | like the considered the Bible, of trade psychology. It's not it's a good book. I'm not beating it down. But there's certain topics that only people that have |
603 | 01:39:28,530 --> 01:39:35,730 | been doing this for a long time, are really equipped to be talking about. I'm not saying he wasn't equipped to do it. I just think he's sort of coastal and |
604 | 01:39:35,730 --> 01:39:46,080 | bullshit. You know, and I like the fact that, you know, when I listened to live streamers, and they go through experiences, and they're drilling through |
605 | 01:39:46,080 --> 01:39:55,020 | drawdown and such, and I think that that's the real meat because I don't give a shit how they go in their markets and how they trade at that doesn't impress me. |
606 | 01:39:55,020 --> 01:40:02,910 | I'm not interested because as far as I'm concerned, everybody else is flawed. I'm interested in how They engage as a traitor because I'm watching their |
607 | 01:40:02,910 --> 01:40:11,460 | internal dialogue, whether they realize they're projecting it or not. They are. And you can tell a bullshitter too when you watch these live streamers, |
608 | 01:40:12,570 --> 01:40:26,730 | especially new one, I just started watching. And he's, he's a talker. But he's a funded trader. And my, my opinion still loosely held right now, I think that |
609 | 01:40:28,950 --> 01:40:44,580 | I'll reserve my opinion until later on. But right now, I noticed that I'll give me a second here. When I was younger man, I was an avid student of magic. And |
610 | 01:40:45,600 --> 01:40:55,050 | over the holidays, I usually share like car tricks and sleight of hand stuff, you know, with my nephews and nieces and things because who doesn't like that |
611 | 01:40:55,050 --> 01:41:07,110 | kind of shit raise a kid. So I guess I'm that way. I guess I am a Market Wizards. Like, see how this worked. I didn't hear the, the idea of points of |
612 | 01:41:07,110 --> 01:41:18,510 | indication, I learned this whole premise around point of indication from a magician by the name of Jeff McBride. He is one of my favorite car manipulators. |
613 | 01:41:18,720 --> 01:41:28,530 | Okay, and you can look him up on YouTube. And he does some really cool ship, but he's older now. But long time ago, I purchased everything I could from him and |
614 | 01:41:28,530 --> 01:41:35,190 | learn how to do carbon regulations and card vanishes and shit. No, no, that doesn't even mean anything to most of you here. But he talked about |
615 | 01:41:36,540 --> 01:41:51,870 | the point at which when a performer, a teacher, a lecturer, an artist, when they reveal themselves to you, okay, and he taught on this idea is called a point of |
616 | 01:41:51,870 --> 01:42:04,140 | indication. And what does that mean? When a magician is doing a sleight of hand, okay. You as a magician, another magician. You're watching the performer. We |
617 | 01:42:04,140 --> 01:42:11,670 | already know the sleight of hand, we know that you're going to do fast transfer, we know you're gonna do a French dropper lead starter kit in for those there. |
618 | 01:42:12,630 --> 01:42:22,200 | The French persuasion, those things? Okay, we know that that's the slight we know what's happening. Okay, but as the performer, we're studying whether you're |
619 | 01:42:22,200 --> 01:42:30,240 | going to give us the towel. See, a magician can watch it on the magician. And we know when you're doing the shit even though no matter how good you are, if you |
620 | 01:42:30,240 --> 01:42:38,280 | do a card pass, okay, card passes. And real quick. It's when you have a deck of cards, you handed the deck card, somebody take a card out, and you split the |
621 | 01:42:38,280 --> 01:42:45,450 | deck and you often put the card back in the middle. And so did you put the two halves together, you have pass it. So it forces the card what would be otherwise |
622 | 01:42:45,450 --> 01:42:53,760 | in the middle of deck now and neatly on the top of the deck. No matter how good you are, you can hear I can hear someone do a half pass across the room. I can |
623 | 01:42:53,760 --> 01:43:03,600 | hear it. I know what it sounds like. Because I've been in my magic since I was a teenager. There has never been a magician ever. That has done a half past I |
624 | 01:43:03,600 --> 01:43:10,560 | can't hear him doing it. So I know when someone's healing it deck out, I know the look for the half past and that that's not the only thing they can do. But |
625 | 01:43:10,560 --> 01:43:22,410 | the point is this when the magician or performer or lecturer or teacher is lying. Or in the case of magicians, when they're trying to block out that moment |
626 | 01:43:22,410 --> 01:43:35,940 | when they know their skill set is not up to par during their banter during their talking part of the trick. They close their eyes because they can't stand to see |
627 | 01:43:35,940 --> 01:43:42,750 | the bullshit coming out of their face. That's exactly what a lot of these YouTubers do. You can hear them talking, they'll say all this stuff. They're |
628 | 01:43:42,750 --> 01:43:50,070 | talking all this shit. And then they'll say, you know, and I'm making money and the closer eyes. Yeah, I made this much money and they close your eyes right |
629 | 01:43:50,070 --> 01:44:01,320 | then and there. That's a point of indication. Okay. Do it as a personal study when you watch and look at these live streamers. Okay? And I noticed kid trades |
630 | 01:44:01,320 --> 01:44:10,590 | by Matt kisses a lot of shit from a lot of people. Okay. And I don't get it. Because he doesn't go out there and claim to be anything except for a guy trying |
631 | 01:44:10,590 --> 01:44:19,830 | to find his way doing it. And he's got the balls to get out there and fuck up in front of everybody and do it. Sometimes he does. Okay, and sometimes he does not |
632 | 01:44:20,040 --> 01:44:31,350 | do very well at all. I'm not here to do anything except for the fact that I know when I watch him. He is not lying about anything. Much like that guy. corbs. |
633 | 01:44:32,160 --> 01:44:39,000 | Yeah, these people are not saying anything. braggadocious they get out there. They present themselves. They show what they did. Sometimes it's good. Sometimes |
634 | 01:44:39,000 --> 01:44:48,210 | it's bad. It is what it is. Right. And that to me is refreshing. Like, I liked that. I liked that. That's what this industry needs needs people like that. And |
635 | 01:44:48,210 --> 01:44:57,630 | it needs to be supported by other people. But the problem is, most of you listen to these individuals that get out there. They're riding on surfboards and |
636 | 01:44:57,630 --> 01:45:04,920 | they're pretending to be the next fitness people in the world. I'm okay. And they say, I've made this. And I've made that and I'm doing this, I'm killing it. |
637 | 01:45:05,100 --> 01:45:13,980 | And I'm this or not. But as soon as they talk about the money, or they're doing something successful, or they did something, right, their eyes closed. That is |
638 | 01:45:13,980 --> 01:45:23,790 | the point of indication, that is where they are hiding their perception of their fucking lie. They're lying to themselves, and they're lying to their audience |
639 | 01:45:23,790 --> 01:45:34,320 | members. So one of the things that's why I do most of my study on certain live streams, and I follow about seven of them, none of more, not all of them are |
640 | 01:45:34,320 --> 01:45:43,650 | consistent, like they don't live stream all the time. But the ones that I like, I've been very vocal about. And the reason why is because they try not to be |
641 | 01:45:43,680 --> 01:45:50,580 | something they're not. And I think that's good. Because if you're gonna go out there, and you're going to livestream, you're not going to brag about something |
642 | 01:45:50,790 --> 01:45:57,540 | that you can't do. And then you get yourself in front of everybody and blow your account, blow your doorman account and maximum loss, and then you delete |
643 | 01:45:57,540 --> 01:46:11,280 | everything. I've never seen either Matt, trades by Matt or corpse, delete anything that I've already watched them do live. That's a testimony. That means |
644 | 01:46:12,090 --> 01:46:21,240 | that they're worth listening to whether you like them as a traitor or their style is irrelevant. I think it's an amazing study of human psychology that, |
645 | 01:46:21,540 --> 01:46:27,630 | number one, they're willing to do what they're doing. Because it takes a certain Moxie to do it. I don't have that Moxie to do it. And I got no problem telling |
646 | 01:46:27,630 --> 01:46:39,480 | you I don't I have character flaws within me that caused me to overanalyze and kind of like predict the questions that my viewers would have. And it will cause |
647 | 01:46:39,480 --> 01:46:50,100 | me to defer my attention away from what is most important thing is what's the market doing? Look how easy it is for me to dive in. Just veer off of a topic, |
648 | 01:46:50,430 --> 01:46:55,890 | and you think I'm gonna go ahead and do a live stream and buy and sell in front of you and and be able to explain everything, and have everybody ask me |
649 | 01:46:55,890 --> 01:47:07,590 | questions. I tried. I tried that in 2016. With my first mentorship, I tried, and I tried really hard, I couldn't focus. I couldn't do it. And that was a big, |
650 | 01:47:07,680 --> 01:47:16,560 | big, bitter pill for me, because at the time, I was thinking, Should I got this? I can, this is nothing for me. I'm ICT for Fox Akemon. Watch this. Yeah, watch |
651 | 01:47:16,560 --> 01:47:27,030 | it. I was struggling. I couldn't, I couldn't focus. I couldn't do it. And even with my own son next to me, I can't focus if he's talking to me, like I got to |
652 | 01:47:27,150 --> 01:47:34,200 | have complete and utter silence, I can't have a I'll explain it after I'd done something. And once I know what I'm looking for, and what I've done, and I've |
653 | 01:47:34,410 --> 01:47:46,650 | set the stop, I know what I'm looking for from a first partial, I have time to work within some measure of dialogue. You don't know if you have that weakness |
654 | 01:47:46,650 --> 01:47:57,750 | yet. You don't know if you have a weakness at all. Some of you might be exceptionally very versed in handling all these things and risk. And you might |
655 | 01:47:57,750 --> 01:48:08,190 | be the very superstar that something you think I am. But if you don't go in with the right mindset and manage all of your expectations, and the outside bullshit |
656 | 01:48:08,190 --> 01:48:17,100 | that's going to come will you've been dealing with ICT stuff since you've been messing around with it? What's your My FX book look like? Show me your |
657 | 01:48:17,100 --> 01:48:27,510 | statements. Show me your full transparency community card membership. You're doing all the wrong things. You haven't even learned how to trade it. You're |
658 | 01:48:27,510 --> 01:48:35,580 | worrying about all the dumb shit. Trust me, you learn how to trade and you do well. You can plug yourself into all that stuff and you will stand out because |
659 | 01:48:35,580 --> 01:48:47,940 | there's no standouts right now there's nobody exceptionally well, standing out there being full transparent, killing it extremely precise. And mild mannered |
660 | 01:48:47,940 --> 01:48:55,950 | and not egotistical. At least I haven't seen that. If you know somebody just let me know. I'd like to see him I'd like to watch them. I like that. I support |
661 | 01:48:55,950 --> 01:49:08,100 | people like that. Because that's what this industry should see more of. But some of you're gonna probably do all the wrong things and you're gonna go in wanting |
662 | 01:49:08,100 --> 01:49:21,780 | to do that but you're gonna get caught up in all the bullshit the image the pump the real quick money of stardom and fame and celebrity I don't want that. Like |
663 | 01:49:21,810 --> 01:49:37,980 | intimidates me now knowing that 424,000 People know my name let alone Listen to me. The leave me like I tried this, this whole Twitter space here and I started |
664 | 01:49:37,980 --> 01:49:45,510 | off pretty good didn't know F bombs and in control. You know, I didn't lose control of my tongue. But as soon as I start talking about all these goobers, it |
665 | 01:49:45,510 --> 01:49:54,210 | just comes out. I can't help it. But you know, that's a character flaw. I'm not proud of that. Some of you think it's like I'm beating my chest thick and I'm |
666 | 01:49:54,210 --> 01:50:04,800 | cool because I sometimes use colorful language I wish I didn't. I wish I didn't ugly language. It It shows, it shows my inability to be able to control my |
667 | 01:50:04,830 --> 01:50:21,120 | speech in a way where I can speak eloquently, and not need to go there. But because I'm blue collar, true and true, I don't have the control sometimes to be |
668 | 01:50:21,120 --> 01:50:30,000 | able to see that I'm going to go off the rails. And sometimes I just want to say, because I feel like you get my intensity by saying it the way I say it, at |
669 | 01:50:30,000 --> 01:50:39,330 | least I feel like I've conveyed it that way. And after the fact, when I made the mistake of listening to some of my Twitter spaces, it's cringy. It's cringy |
670 | 01:50:39,330 --> 01:50:50,070 | shit, because like, this is this is ratchet ass ICT like this guy, who would want to have ICT mentorship like that, or a mentor like that. But that's the |
671 | 01:50:50,070 --> 01:50:58,260 | reality. I'm a human being, you know, I have flaws, like all of you do, all of you, and I have to wrestle with all these things. When I'm doing everything |
672 | 01:50:58,260 --> 01:51:05,850 | you've seen me do like that trade this morning, I'm wrestling with my wife, because he's in there saying, Hey, you said he wasn't gone. And I know, I said, |
673 | 01:51:05,850 --> 01:51:14,130 | just give me a second. Just give me a second. My wife, God bless her. Okay, I put her through some shit all the time. Because I always tell her look, I'm |
674 | 01:51:14,130 --> 01:51:22,020 | done. I'm not going to do this, I'm going to do and for the most part, I'm being honest. But if she gives me an opportunity, where I can see something forming, |
675 | 01:51:22,230 --> 01:51:27,090 | and she's tied up with doing dumbshit FaceTime with people that I don't know, I don't care about. |
676 | 01:51:28,350 --> 01:51:38,640 | I'm gonna try to squeeze it in. That's what I did today. So it is what it is. It's all for your edification. And I love doing it's fun. But this year, I don't |
677 | 01:51:38,640 --> 01:51:47,040 | want to waste anyone's time. And I'm certainly not gonna be trying to waste my own time. And I want you all to know that there is a right way of doing this. |
678 | 01:51:47,040 --> 01:51:55,920 | And there's certainly a lot of ways you're going to do it wrong. And I think if you've listened thus far, you know that you're either going to be those types of |
679 | 01:51:55,920 --> 01:52:04,110 | people that are going to make the best of this. Or you're probably going to blow up. Because you're going to try to do something you're not equipped to do. |
680 | 01:52:04,500 --> 01:52:14,550 | You're going to try to make trades with the logic I'm teaching. And you're thinking, this is exactly what I'm talking about. Listen to this real quick. Not |
681 | 01:52:14,550 --> 01:52:25,530 | me taking a swig of water, but you're thinking some of you are thinking, okay, ICTs really doubt in this Cat's got it figured out. He's cracked the matrix. |
682 | 01:52:25,860 --> 01:52:33,690 | He's programmed the algorithm. He is the algorithm. He's mastered everything. He's Mr. Wonderful and trading, okay, he's the market himself. He's literally |
683 | 01:52:33,690 --> 01:52:39,960 | promising. He's gonna call the markets minute by minute, one candle at a time. He's gonna say what the markets gonna go. And he's gonna say exactly why it |
684 | 01:52:39,960 --> 01:52:50,910 | shouldn't do certain things. Well, guess what that means. I'm gonna hook up with ICTs brainwaves, and I'm gonna push the button on my Live account, or my funded |
685 | 01:52:50,910 --> 01:52:57,780 | account, regardless of which one it is. And you're going to be encouraged because you're gonna make money. And that's going to be the ticket to making |
686 | 01:52:57,780 --> 01:53:05,010 | your spouse understand why the fuck you're doing what you're doing. It's going to encourage you to keep going to that menial job that you can't fucking stand |
687 | 01:53:05,190 --> 01:53:15,390 | working around people, you can't stand to be around. I'm here to give you a sober reminder. That's not the right way to look at this. Because as good as |
688 | 01:53:15,390 --> 01:53:27,810 | that might sound right now. You don't have the experience that I have. You're gonna make the mistake of getting in something that I'm talking about. And I'm |
689 | 01:53:27,810 --> 01:53:36,210 | going to be comfortable with letting it go. And just move. You're not going to be comfortable because I'm going to be silent. You're going to be begging for |
690 | 01:53:36,210 --> 01:53:44,610 | me, they'd be talking. What about that killer theory? Oh, shit. That's a doji. This is gonna reverse. But ICTs probably going off and looking at refrigerators |
691 | 01:53:44,610 --> 01:53:53,190 | probably eaten something right now. He's probably walking his dog. You don't give a shit about us. He's not talking. I'm early in this trade book, ICT, |
692 | 01:53:53,190 --> 01:54:03,600 | please, I wish I had his phone number. Let me call him up. You can be texting me on Twitter. freaking out because you did something you're not supposed to be in. |
693 | 01:54:03,750 --> 01:54:14,160 | And some of you already know, that's what you're gonna do. If you know that is the case. Listen, please listen to me. Don't do that. The only thing you're |
694 | 01:54:14,160 --> 01:54:26,220 | going to learn is fear and anxious. trading with fear and anxiety is not the way to do this. The whole point that I'm extending myself for this coming year, is |
695 | 01:54:26,220 --> 01:54:34,260 | for you to trust that we're here together as a community. I'm lending in my experience. I'm going to show you what I think is going to happen in the |
696 | 01:54:34,260 --> 01:54:43,470 | marketplace and we're going to watch it live. That's tape reading. You're not expected to push a button. You're not going to be graded. It's not a failure. |
697 | 01:54:43,560 --> 01:54:53,730 | It's not a success. It's observing and retaining logic. Understanding why price should perform a specific way. If you don't know what it's going to do. And you |
698 | 01:54:53,730 --> 01:55:03,060 | don't know what I'm going to say about it. Why the hell would you want to put money at risk? Why would you want to do that? At regardless of what pain |
699 | 01:55:03,060 --> 01:55:10,800 | threshold you're feeling right now, because times being hard and not being able to make ends meet, and maybe you're feeling an identity crisis, you know, maybe |
700 | 01:55:10,800 --> 01:55:18,510 | trading isn't for you, maybe you're struggling with letting go of it. This isn't going to be the fix for pushing a button based on what I'm saying you don't want |
701 | 01:55:18,510 --> 01:55:30,870 | to do that. Some of the greatest lessons you're going to learn is, if I happen to get it wrong, you're going to see it, you're gonna understand why you got it |
702 | 01:55:30,870 --> 01:55:40,080 | wrong, why I got it wrong. And you're going to see that it's going to be far and few between, and it's nothing to worry about. All of you have to stop trying to |
703 | 01:55:40,080 --> 01:55:50,610 | encapsulate your entire career on one week's worth of trading or one trade. And I know what that feels like I've done that. I've done it, I know exactly what it |
704 | 01:55:50,610 --> 01:55:59,880 | feels like to do that. Because you need to feel significant. You need to feel confirmed that you're at the right place, doing the right thing with your life. |
705 | 01:56:00,840 --> 01:56:14,670 | And dammit, nobody is going to stop you. But you will. You are formidable. And you are absolutely strong enough to deny yourself of any of this success. You |
706 | 01:56:14,670 --> 01:56:25,200 | can absolutely enjoy yourself before you even get a chance to really make an honest attempt at it. And I've watched hundreds of 1000s of people do that. |
707 | 01:56:27,750 --> 01:56:38,700 | Think about that. There's a lot of people that subscribed to that 2022 mentorship in the beginning, look at the first couple of videos. Man, it's like |
708 | 01:56:38,730 --> 01:56:48,840 | way up here and the views, right? And then watch what happens after the fourth, the fifth to views drop off. What took place. Some of them said, Well, I figured |
709 | 01:56:48,840 --> 01:56:57,180 | it out. I watched up to third video. Now it's all there. Those same individuals that say that on Twitter, oh, you'll need to watch the first couple of videos, I |
710 | 01:56:57,180 --> 01:57:08,790 | would put a million dollars, that they're not profitable. To talking shit. They're pretending they're fantasy football traders on Twitter, Facebook and |
711 | 01:57:08,790 --> 01:57:18,300 | Instagram. And I'm not trying to be mean to you, if you are one of them. I'm just reminding you, I'm yoking your ass up right now and saying, Listen, son, |
712 | 01:57:19,170 --> 01:57:30,270 | you're doing it wrong. Stop pretending do it the right way, learn how to do it. So that way you can walk like a man. Instead of trying to talk like one. But |
713 | 01:57:30,270 --> 01:57:41,010 | like a great school person on social media. It's not important for people to look up to you. Because even when you're making millions of dollars, nobody's |
714 | 01:57:41,010 --> 01:57:50,730 | really gonna look up to you anyway. To not someone you think that that's going to be the that's it that's going to put me on the pedestal and people are gonna |
715 | 01:57:50,730 --> 01:57:59,400 | really finally appreciate me, they're going to not give a fuck what you have. They don't care. They don't care. Your friends and family aren't going to care |
716 | 01:57:59,400 --> 01:58:08,190 | that much about you, in fact, that much like my own family. And friends. They were like, dude, like, why don't you just give me shit for free? You can afford |
717 | 01:58:08,190 --> 01:58:17,160 | it? Well, no, no, because I tried to tell them come up with me. And they didn't want to go. But then they want to have a free ride after I struggled for all |
718 | 01:58:17,160 --> 01:58:26,040 | those years coming up. No, you don't get that. And I lost a lot of friends that way. And I don't hang around certain family members because they view me like |
719 | 01:58:26,040 --> 01:58:33,930 | that. They didn't encourage me. And then when I got it, they're like, Well, you know, why don't you do something for me? Because all that kind of money? Fuck |
720 | 01:58:33,930 --> 01:58:43,770 | you. Why didn't you support me when I was needing some kind of support, there was no support structure around me. None. So I tried to be the best I can for my |
721 | 01:58:43,770 --> 01:58:53,910 | students. And I'm not always going to come off high polished. But I'm just the right kind of guy at the right kind of moment. When you're honest with yourself. |
722 | 01:58:56,040 --> 01:59:07,080 | Some of you like to refer to me as like the dad figure. That makes sense because I'm talking to in my mind, my sons and they need to be talked to sometimes like |
723 | 01:59:07,080 --> 01:59:22,830 | this. Like dads sometimes do. I needed to hear these things. I didn't get it. I didn't have it. So I tried to manifest myself in your learning. The way I would |
724 | 01:59:22,830 --> 01:59:35,040 | have loved to have had a mentor. Talk to me. Encourage me, remind me fucking up as part of it. And it doesn't end you. Okay? Belonging an account does not end |
725 | 01:59:35,040 --> 01:59:46,590 | you. You already know in your mind that even if you start off in this mentorship this year, be honest. Now. Some of you already figured out that you are going to |
726 | 01:59:46,590 --> 01:59:53,490 | be that person. You're gonna go in here and you're gonna try think live trades. But you've already said fuck it. If I do. I'm just going to restart another |
727 | 01:59:53,490 --> 02:00:06,720 | challenge. So it's worth the risk. You know that you right? You're awesome. I think damn damn He knows me, he knows what, it's about 35 to 40% of you. Don't |
728 | 02:00:06,720 --> 02:00:14,610 | do that. Why would you because you're going to retain all that anxiety and fear when you finally learn how to do it, you're going to have those scary moments |
729 | 02:00:14,610 --> 02:00:21,960 | that you did something that you know you shouldn't have done. And your conscious is going to tell you what, the last time you did this shit, you lost money. When |
730 | 02:00:21,960 --> 02:00:32,490 | you don't invite your conscience into the conversation by not having anything on the market in terms of monetary loss, or winning, while your tape reading, |
731 | 02:00:32,550 --> 02:00:42,030 | you're just observing price, you're getting used to watching it do what it does. You get familiar with it. And there's no grading, there's no right or wrong. |
732 | 02:00:42,390 --> 02:00:50,070 | It's just understanding what the markets likely to do. And then you get that experience. And then you understand what you're supposed to be doing on your own |
733 | 02:00:50,070 --> 02:00:58,260 | independent study, not the days that we're together, the days that, you know, when we don't have sessions, live over charts, you'll be doing these things that |
734 | 02:00:58,260 --> 02:01:08,670 | I'm not going to walk you through. And you just do that either live or you do it through Market Replay. And if you can't appreciate Market Replay, and I don't |
735 | 02:01:08,670 --> 02:01:16,050 | really appreciate Market Replay, I think it's you know, it's next to a static chart really mean it's better than a static chart. If you're coming home after |
736 | 02:01:16,050 --> 02:01:24,540 | work or school or whatever running a business. And you have no way of looking at real time data. What should you do to make an investment a couple $100 by some |
737 | 02:01:24,540 --> 02:01:27,570 | kind of screen recording application and record live data. |
738 | 02:01:28,979 --> 02:01:38,399 | I'm telling you that is worth its weight in gold, because being able to watch it, who cares, it's fucking old data. Who cares? Who cares, some of you are |
739 | 02:01:38,399 --> 02:01:47,069 | watching my videos anyway. And they're old shit. It's old, ancient stuff, but it's still worth its weight in gold. Because the logic and the principles being |
740 | 02:01:47,069 --> 02:01:58,859 | used in those videos are beautiful. It's wisdom. And you will get the skill set by watching Real Time price action, you cannot learn it looking at stale, |
741 | 02:01:58,859 --> 02:02:08,609 | stagnant price charts, going on Twitter and looking at a chart that me or someone else posted. Big deal, you know, that note that is mostly its trophies. |
742 | 02:02:09,629 --> 02:02:17,579 | Here's what I got, right, and I'm going to share this. That's why I love my students because they will go out there and they'll record their shit from |
743 | 02:02:17,579 --> 02:02:27,989 | beginning to end, put their stop loss and manage it. That's what I'm proud of. I don't like seeing still stagnant pictures of where they talked about they did |
744 | 02:02:27,989 --> 02:02:37,499 | this move. If you notice, even those people that send that stuff to me on Twitter, they're rarely ever even acknowledged by me. And I'm doing that and I'm |
745 | 02:02:37,499 --> 02:02:44,969 | reminding you right now in case you're doing anything, I'm looking over top of you, I am I'm not going to high five, some healthcare shit, the people that are |
746 | 02:02:44,969 --> 02:02:53,669 | really putting the work in, they're going to show it If you had the initiative to want to post a chart to me, and what a high five, go through the extra effort |
747 | 02:02:53,759 --> 02:03:03,899 | and record your whole shit. Or put your trade entries and exits on the chart where it has little arrow. Some of you are faking those fucking arrows and I can |
748 | 02:03:03,899 --> 02:03:13,439 | see it and you think I can't see it. If I can see I know all of the other subscribers to my accounts on Twitter or on YouTube, they can see it too. That's |
749 | 02:03:13,439 --> 02:03:20,549 | why I'm not going to heart that's not I'm going to hifi the I'm not going to rip you. So if you're going to have the initiative to go out and put something out |
750 | 02:03:20,549 --> 02:03:27,569 | there, it's like you've done something, do it for real, show it on TradingView where your entries are show the entry prices. There's nothing wrong with that. |
751 | 02:03:28,559 --> 02:03:36,779 | That's exactly what you should be doing. If you feel like you got to do that. But you shouldn't be wanting to do that. And you shouldn't be looking for a |
752 | 02:03:36,809 --> 02:03:46,499 | confirmation for me. That's a testimony of maturity is you know that you don't need me to say you know what, that was a good trade. When you know you did the |
753 | 02:03:46,499 --> 02:03:56,219 | right things. And it panned out just like you were taught who gives a fuck what I think who cares what ICT thinks? You need me to cosign something to you know |
754 | 02:03:56,219 --> 02:04:06,449 | by logic is the right thing. That's maturity. And that's what I'm trying to force all of you into that stage and 2023 I want you all to say fuck you ICT I |
755 | 02:04:06,449 --> 02:04:13,709 | don't need you anymore. But I love you brother. You did amazing things for me. Thank you so much, but I don't need to now. That's what I want. That's exactly |
756 | 02:04:13,709 --> 02:04:25,649 | what I want. And some of you're going to fight and kick and claw and try to hold my hand after 2023 And there's no reason to you should be looking forward to |
757 | 02:04:25,649 --> 02:04:33,329 | getting out there spreading your wings and doing it independently and feeling good you know I can do this. It was worth the struggle was worth all the time |
758 | 02:04:33,329 --> 02:04:45,239 | stuck in study and listen as boring bastard. I figured it out now. Thank you. I don't want worship. I want independent thinking students that have now carved |
759 | 02:04:45,239 --> 02:04:57,509 | out their own way. That's what I'm proud of. I'm proud of that. That's what I want on all of you. And that's what you should be wanting not codependency fuck |
760 | 02:04:57,509 --> 02:05:11,129 | that. That's why I don't sell a service. So I don't have a platform a plug in, indicator, fuck that shit, that's, that ties you to me. I want independent |
761 | 02:05:11,129 --> 02:05:19,139 | thought process and all my students. So you know what I can see this pattern, I can see this logic, and I'm going to use this is and this is where I'm gonna do |
762 | 02:05:19,139 --> 02:05:25,289 | it. That's my, that's my niche and I'm gonna work with that. And I don't give a shit how many students he has doing this that Nilla thing, this is what I'm good |
763 | 02:05:25,289 --> 02:05:32,819 | at is what makes sense to me, I'm comfortable with this, I can see this setup, I can't see those fucking breakers, I can't see a mitigation block, I don't know |
764 | 02:05:32,819 --> 02:05:42,599 | what the hell it is fair value gap is, I just know that I can trust an optimal trade entry. Great. Don't change for nobody. And on top of that list |
765 | 02:05:47,760 --> 02:05:56,580 | you don't expect a mentor to talk to you like this Do you want to hear all that? Stay close to me love me worshiping, I don't want that should. I don't want that |
766 | 02:05:56,580 --> 02:06:11,250 | at all. Anybody worth their salt should encourage individuals that they are training to be unique and independent, and relying only on their own steam. |
767 | 02:06:12,120 --> 02:06:21,780 | That's commendable. That's respectful. I got every measure of respect for anybody out there that doesn't give a shit they trade support and resistance and |
768 | 02:06:21,780 --> 02:06:29,520 | whatever the hell, they want to attribute to why they're getting into a trade. Remember I said earlier, that if it's the heads or tails, equation to get you |
769 | 02:06:29,520 --> 02:06:41,070 | into a trade, that's a trigger has absolutely nothing to do with anything. The mindset of knowing how to manage the risk, limiting the risk. And then knowing |
770 | 02:06:41,070 --> 02:06:53,100 | when to stop. That's the real secrets to this shit. It's not precision elements. That's what I've shown today. Like, if you look at what I was showing three |
771 | 02:06:53,100 --> 02:07:00,030 | other trades I could have done, I could have went and if I wasn't in front of the charts, I wasn't from the charts. But when it ran the buy side, I could have |
772 | 02:07:00,030 --> 02:07:08,670 | sold short right there on a high candle and have many examples of that on my YouTube channel. It's already there. I could have sold short there. And I could |
773 | 02:07:08,670 --> 02:07:16,770 | have sold short it the first time I went to the fair value gap. And I would have a little bit of drawdown immediately. And then you saw the rest of the examples. |
774 | 02:07:17,250 --> 02:07:27,810 | So I was giving you close proximity entry techniques, every single time you see me do a trade execution. And it's a partial like where I'm dealing scaling in of |
775 | 02:07:27,810 --> 02:07:37,860 | a larger position up here meeting the position up, usually half of the trade entry that I did prior. So usually I start with six contracts that go six, the |
776 | 02:07:37,860 --> 02:07:48,540 | next partial was three, the next contract entry, if I do a partial pair meeting, it'd be one. If that happens, you know, just understand that every single one of |
777 | 02:07:48,540 --> 02:07:59,520 | those partial entries for pyramiding. That could be one of your own patterns, that's your that's your model. You don't need to have that best case entry like |
778 | 02:07:59,700 --> 02:08:08,490 | running out the buy side, I missed that I wasn't in there. But guess what, I found a whole shit ton of other things that could have done it and see, if you |
779 | 02:08:08,490 --> 02:08:17,220 | listen to me, and you only grew accustomed to being all I want to be precise, like ICT, I want to get in there and get in and trade the high candles like him |
780 | 02:08:17,220 --> 02:08:23,130 | and trade a low candles like him. And that precision is awesome. And that's cool, I can appreciate that. And my ego and pride loves that. And I'm going to |
781 | 02:08:23,130 --> 02:08:34,500 | lie to you. Okay. I don't want you feel like that's the only way you can find success though. So when I teach my students how to do these things, one of the |
782 | 02:08:34,500 --> 02:08:45,390 | main reasons why I'm doing pyramiding, because I want you to understand there's more than just what you've been taught to get into a market move. And you need |
783 | 02:08:45,390 --> 02:08:55,230 | not fear getting in after the main entry with the highest probability entry. There's so many other ways to get involved in that move, if you understand what, |
784 | 02:08:55,890 --> 02:09:07,080 | where it's going. Where is it going? Where's the next draw on liquidity? If you know that with a great deal of confidence and experience, how do you get that |
785 | 02:09:07,080 --> 02:09:16,740 | you're going to walk with me next year, you're going to see it. And knowing this is what it's likely to do and how many things formed between where we identify |
786 | 02:09:16,740 --> 02:09:25,290 | where it's likely to go next. And when it finally gets there, how many opportunities because you get in there and do that. And by seeing it live, or |
787 | 02:09:25,290 --> 02:09:36,060 | watching the recording of me doing it live, it's the same thing that will help you carve out what you're trying to be as a trader, the pattern, the entry |
788 | 02:09:36,060 --> 02:09:44,490 | strategy that I'm going to show you, that's going to be the thing that you all uniquely desire independently. I'm not going to force you into any of that |
789 | 02:09:44,490 --> 02:09:52,200 | stuff. It's going to make more sense once you see it, and you'll know what I mean by this. Because you've watched it happen so many times you're like I see |
790 | 02:09:52,200 --> 02:10:00,930 | that and before I talk about it, you're gonna see it. And then when I say like, damn, I know it. I know he was gonna say that, you know That means that's your |
791 | 02:10:00,930 --> 02:10:11,160 | entry pattern. That's your that's your framework for getting in the experience aspect of knowing where the markets gonna go next, the draw on liquidity. That's |
792 | 02:10:11,160 --> 02:10:19,440 | the learning curve that everybody has to go through. And there's no way to make that easy. No five minute ICT condensed course yet, that doesn't work. Okay. |
793 | 02:10:19,800 --> 02:10:26,970 | There's no shortcut to back testing and forward testing with tape reading. There's no fucking shortcut. Don't let anybody out there tell you that there is |
794 | 02:10:26,970 --> 02:10:37,020 | no way absolutely no fucking way. You can short shorten can't, you can't? Period. That's it. There's no other way around it. That's the end of the |
795 | 02:10:37,020 --> 02:10:40,980 | discussion. Nobody can shorten that learning curve, it cannot happen. |
796 | 02:10:46,410 --> 02:10:56,220 | In case you didn't listen to me, there's no fucking shortcuts. Okay. So I think we've probably covered most of what I wanted to build up in terms of |
797 | 02:10:56,220 --> 02:11:07,200 | expectations, and, I guess, prepare you for what it is that we're going to be doing. How often we're going to be doing it two times a week, medium or high |
798 | 02:11:07,200 --> 02:11:14,490 | impact news driver. It'll be framed on something I've given you in terms of analysis. So when we look at a daily chart, and it's all we're gonna be looking |
799 | 02:11:14,490 --> 02:11:21,870 | at, folks, because I don't wanna be delaneys, long winded analysis videos, something short and sweet, great to the point. That way, you ain't gotta worry |
800 | 02:11:21,870 --> 02:11:28,380 | about downloading videos, you can watch them at your job. Real quick, you can do it during a smoke break a bathroom trip, when you take your phone, at a |
801 | 02:11:28,830 --> 02:11:40,170 | laboratory at the, at the workplace. All those opportunities, you'll be able to digest the video. So it'll be small, short, easy, and not time consuming. But |
802 | 02:11:40,170 --> 02:11:49,050 | when we get into live sessions, obviously noon, they're going to be very long periods of me not saying anything, okay. And I'm only going to talk when it's |
803 | 02:11:49,080 --> 02:11:59,100 | salient to what the markets likely to do next, or what my opinion is. And apart from that, that's pretty much it. So hopefully, you've had a really nice holiday |
804 | 02:11:59,100 --> 02:12:14,760 | season. And hopefully you all be greeted and kissed sweetly in a new healthy new year and 2023. Hope your celebrations are not too wild that you get yourself in |
805 | 02:12:14,760 --> 02:12:26,010 | trouble. Don't start off the new year on the wrong foot. And I think that will be it for this one. I spend enough time here tonight with y'all. So hopefully |
806 | 02:12:26,010 --> 02:12:34,080 | you got something out of this. Hopefully, it's been inspiring to you. Hopefully it's encouraged you to at least prepare properly, at least from my own |
807 | 02:12:34,080 --> 02:12:45,870 | perspective how you could prepare for what's coming next year. And then I think that'll be a wrap on this one. I don't foresee myself doing another one. I may |
808 | 02:12:45,870 --> 02:12:56,190 | just simply give you a tweet and wish you all happy new year and safe one. But we're gonna resume back to the regularly scheduled return on February 7 2023. |
809 | 02:12:57,030 --> 02:12:59,430 | And I'll talk to you next time. Be safe |