028-ict-tw-spaces-20221231-Final-ICT-Twitter-Space-2022
Last modified by Drunk Monkey on 2023-01-01 13:53
Outline
01:30 - Last Twitter Space of 2022.
03:51 - It was something that made a whole lot of sense for me.
07:05 - Why you don’t need a “private” version of events.
10:38 - You’re learning things from hindsight.
17:57 - It’s going to be fun, but it’ll be specific.
22:04 - It's not the teacher, it's the person trying to learn this -.
26:26 - How do I know that the market will do something that I didn’t expect?
29:56 - What happens if you put a trade on until you hit the bye bye? What do you do?
38:36 - Tradingview follows me on Twitter.
42:10 - I’d gladly do it if you let me.
46:44 - Don’t ever delete a tweet ever.
50:26 - Why don’t I trade down? -.
57:34 - Why you have to have the tenacity to stick with it -.
01:00:46 - You have to find a way to fix your lazy ass if you’re going to make money in this industry.
01:05:25 - It’s hard to come back from a trade that you don’t even know why.
01:09:10 - When you’re one of those types of people, is it going to matter who doesn’t like what you do?
01:16:31 - How do you rate in your social media equity curve amongst your friends and family on Twitter and Facebook?
01:19:20 - Spreadsheets and charts -.
01:23:10 - Five handles is enough to make lots of money.
01:27:44 - If you can’t find it if you’re not skilled, find it.
01:34:11 - When you’re wrong, it’s normal.
01:38:40 - Don’t add to what’s already been given.
01:42:13 - If you’re not in tune with the things that will lure you into dumb shit gambling, you won’t be successful.
01:45:56 - Don’t call me “the goat”.
01:52:38 - Why is the last trading day of the year going to be an inside day?
01:56:12 - Why did you leave the pits to go to forex?
02:00:33 - Make sure you note that 3864 is where the markets are going -.
02:04:39 - When you have a gap opening, you want to see it stay open.
02:12:19 - Why you have to have a catalyst for why you’re going into the market.
02:15:56 - How do you know when it’s going to go down?
02:18:48 - Underneath the wooden roulette wheel, there are paddles for red, green and black.
02:22:57 - There’s no random market -.
02:30:25 - The scope of depreciation and paying for things.
02:35:42 - Working within the scope of where you’re placed.
02:40:35 - When you know how to trade, you have the inside edge -.
02:44:37 - The importance of having multiple facets in the equation in trading.
02:51:48 - They hate their life and they can’t do this.
02:55:47 - You don’t have to trade against institutional order flow -.
02:58:49 - How much of an increase in pay are you expecting to get from your boss or your company next year?
03:03:21 - Mentorship is the proper way to learn.
03:11:36 - The day I was dating my son’s mother.
03:15:16 - When you’re young, you think having lots of money, you are going to run around and be promiscuous.
03:19:13 - You have to pay for it and you're paying for it.
03:22:36 - You don’t have to be around toxic people.
03:28:29 - You want to do everything to make your family happy.
03:31:53 - It’s not just a video game, it is a game.
03:35:54 - I love having a face associated with a student that put the time and effort in.
Transcription
| 1 | 00:01:30,600 --> 00:01:48,690 | ICT: Well, good morning. Good morning. Good morning uppermost on well. Everybody should be hearing me. And I do have it recording. So last ICT Twitter space of |
| 2 | 00:01:49,260 --> 00:02:05,460 | 2022 I'm sure it's probably going to be a boring one. So I like to just do a brief review of the year, and kind of like go through a bullet point, checklist |
| 3 | 00:02:05,460 --> 00:02:20,700 | of things. I promise I won't take too long with it. But last year, I mentioned that I was going to no longer do paid memberships and mentorships and bringing |
| 4 | 00:02:20,700 --> 00:02:33,510 | people into a private community and I would move to a public forum. And I would be teaching on YouTube. And I would return back to Twitter. I have done those |
| 5 | 00:02:33,510 --> 00:02:51,000 | things. And I also went one step further to quell the the pursuits of people simply blindly taking my premium content, core lessons, and videos and selling |
| 6 | 00:02:51,000 --> 00:03:05,400 | them to other people for personal profit. I put them up on my YouTube channel. So all of the core content one through 12 that is on my Youtube. You're welcome |
| 7 | 00:03:05,400 --> 00:03:15,120 | to go through that and studied at your own pace and leisure. And also mentioned that I would go on I was gonna go out and teach a model that was, in my opinion, |
| 8 | 00:03:15,270 --> 00:03:25,320 | very simple. agreed that if you're a complete neophyte, and you don't know what you're doing at all, even the 2022 model, this online YouTube channel can be a |
| 9 | 00:03:25,320 --> 00:03:45,510 | little intimidating. But for those that have plundered through in May there their way through copious amounts of videos and lectures and boring drawings by |
| 10 | 00:03:45,660 --> 00:03:56,820 | girl ICT that one struck paydirt didn't it? It was something that made a whole lot of sense. It doesn't have a lot of moving parts. And you also saw me use it |
| 11 | 00:03:57,060 --> 00:04:09,360 | in live streams. You saw me do it in live trades. You saw me do it in demo trade. You saw me outline it beforehand. You saw me outline it in commentary, |
| 12 | 00:04:09,360 --> 00:04:22,170 | you heard me talk about it setting up in Twitter spaces. Okay, so it's undeniable. You also saw many people all around the world, step forward and |
| 13 | 00:04:22,320 --> 00:04:33,690 | place themselves behind the screens and do the work. And they have been funded. They have made money, they've withdrawn prophets. They've made their way to the |
| 14 | 00:04:33,690 --> 00:04:44,310 | heights of the leaderboards of some of these funded account challenges. Okay, and that's undeniable proof. That's a transferable skill set. It's not something |
| 15 | 00:04:44,310 --> 00:05:02,400 | that's limited to me. So that should be inspiring to you. I've also stated that I was going to make it more accessible for you going into 2023 Okay, And 2023 is |
| 16 | 00:05:02,400 --> 00:05:22,350 | kind of like my victory lap. Okay, the last year for me to be pouring myself out. As a younger man, I had a lot of energy and I had a lot of well, fire, |
| 17 | 00:05:22,380 --> 00:05:31,230 | let's put it that way. And there's changes occurring in my body that I can feel that I've been feeling for the last five years. And they're just it's slowing me |
| 18 | 00:05:31,230 --> 00:05:40,020 | down. And I can't deny it. I mean, I tried to pretend it wasn't like that. But it certainly is, no, I'm not sick. It's just, I've had a lot of car accidents |
| 19 | 00:05:40,020 --> 00:05:49,410 | and, you know, working out hurt myself motorcycle accident, it's all kinds of things that have compounded over the years and that just want to start taking a |
| 20 | 00:05:49,410 --> 00:06:04,290 | little bit easier on myself and my family. More or less want to see me a little bit. And my wife wants me in her entirety, like I want to provide myself to her |
| 21 | 00:06:05,040 --> 00:06:15,870 | more often than not I have. So we made an arrangement that the 2023 would be my last year doing all this stuff. And it doesn't mean I won't make videos going |
| 22 | 00:06:15,870 --> 00:06:23,580 | forward beyond that. But like I mentioned in the last stream, it's probably not going to be anywhere near the pace that you're used to. And that's actually a |
| 23 | 00:06:23,580 --> 00:06:33,180 | good thing. Because you want to see that you have grown to a point of independence, not needing me to hold your hand. And that's kind of like the |
| 24 | 00:06:33,180 --> 00:06:47,550 | goal. That's my only goal for 2023. I want to make zero excuses for anyone that has put the work in, studied, back tested for retested tape reading the whole |
| 25 | 00:06:47,550 --> 00:07:00,630 | business. And there'll be no excuse because if you follow me when I do the mentoring and 2023, which will all be Twitter based and YouTube based, okay, so |
| 26 | 00:07:00,870 --> 00:07:10,710 | there won't be any kind of private membership signing into this and that. You don't need that. Okay? So when you see people saying, Hey, you join ICTs private |
| 27 | 00:07:10,710 --> 00:07:22,980 | this, that's a lie, because that's not happening. Everything's public. Okay, all my examples are public. I do that for a particular reason. That way, everybody |
| 28 | 00:07:23,010 --> 00:07:32,940 | sees the examples, all the examples are the same. There's no, this crowd gets a bye version, this crowd gets the cell version. I've cancelled all that stuff for |
| 29 | 00:07:32,940 --> 00:07:40,860 | years. There's people out there that say that stuff all the time, because they can't do what we do. They got to make up excuses why there's no way humanly |
| 30 | 00:07:40,860 --> 00:07:52,110 | possible, someone can be as precise as the examples I show. And that's not me beating my chest. Okay, that's just facts, okay. And unless I make them public |
| 31 | 00:07:52,110 --> 00:08:01,290 | like that, and everybody sees the same thing. It leaves room for people to make those arguments and years down the road, when they see things take out of |
| 32 | 00:08:01,290 --> 00:08:11,700 | context. They take pieces of social media, and they string along a narrative that is nowhere near to what actually happened. New people, clueless |
| 33 | 00:08:11,700 --> 00:08:20,220 | individuals, in neophytes, or new subscribers, or viewers would see that and think, wow, you know, there's probably something to that, maybe there's a reason |
| 34 | 00:08:20,220 --> 00:08:30,090 | for caution. And then go to ITT comes out there, like I did on Friday, and rip everybody out of their chairs and say, Look, this is what really goes on. And |
| 35 | 00:08:30,090 --> 00:08:39,150 | we're gonna cover a little bit about that today. And I know some of you are dying to know, how did I do back to back two days, leaving the fair value gap |
| 36 | 00:08:39,150 --> 00:08:47,940 | open and telling you in advance before it happened? You're gonna get that, but it's the, towards the latter part of the space here. Trust me, I got a little |
| 37 | 00:08:49,290 --> 00:09:03,300 | itinerary. So I won't forget, and I promise. But in 2022, you know, I showed, and there's talking heads out there to show you screenshots of I suppose it back |
| 38 | 00:09:03,870 --> 00:09:15,780 | background of the results of you five years ago. This is what I did five years ago with a screenshot. And that's because that's supposed to be a history, a |
| 39 | 00:09:15,780 --> 00:09:25,380 | tracker to track history. And I don't delete anything I'm putting out. And when I make a mistake, I leave a typo. And I'll say, Okay, this is what it is, or one |
| 40 | 00:09:25,380 --> 00:09:32,910 | of my students will come behind me and type them what I meant, and Everybody pretty much knows what it is, but I don't delete anything. And any analysis that |
| 41 | 00:09:32,910 --> 00:09:46,560 | if I said something, if it's wrong, you see it, and if it's right, it's plain as day. And I went out there and I showed through the lens of a TD Ameritrade |
| 42 | 00:09:46,560 --> 00:09:58,350 | account, which is I believe it's a commonly accepted. Realistic, verified, there's no way to game it. |
| 43 | 00:09:59,580 --> 00:10:07,740 | None of them Any business that empty for and and I believe MT five still can be messed around with anything MetaTrader you know, I'm probably gonna get a lot of |
| 44 | 00:10:07,740 --> 00:10:15,390 | flack for this. But you know, that's the reason why I walked away from it. Because once it was revealed that and I kind of suspected a lot of these guys |
| 45 | 00:10:15,390 --> 00:10:23,490 | that were doing it saying that they make this much money in the only show that the history you don't talk about they show you a little this is the results of |
| 46 | 00:10:23,490 --> 00:10:29,520 | my trades. Here's my week, bro. Here's what I've done. This is nobody can keep up with me that type of stuff. But you don't see them actually getting in a |
| 47 | 00:10:29,520 --> 00:10:37,560 | trade managing placing a stop. And that's what I have always done. When I was on baby pips, I showed examples of that. And they were always after the fact Yes. |
| 48 | 00:10:38,010 --> 00:10:46,200 | Because you're learning things from hindsight, just like a book. Whenever you sit down and you go to college, you're unless you're doing a lab, or having a |
| 49 | 00:10:46,200 --> 00:10:55,950 | laboratory event, which is basically what 2023 is gonna be, you're gonna be in the laboratory with me monsters Incorporated. Okay, I'm gonna build monsters, |
| 50 | 00:10:56,610 --> 00:11:09,000 | all you have to do is put down all your preconceived ideas and opinions about what it is you think you know about me, or what it is I do. And I promise you, I |
| 51 | 00:11:09,030 --> 00:11:19,380 | Guaran damn tee you, you are going to have the proof that you've always looked for, you're going to have the track record, you're going to have the history, |
| 52 | 00:11:19,530 --> 00:11:28,380 | you're going to have the results, and you're going to see the fucking money. Okay? All you have to do is come along for the ride free, I don't have to pay, |
| 53 | 00:11:28,410 --> 00:11:34,590 | you don't have to pay for nothing, you ain't gotta buy nothing from me. There's no upsell, there's no service down the road, I'm now going to do another |
| 54 | 00:11:34,590 --> 00:11:45,930 | mentorship. All you have to do is take a ride with me. That's it 2023 I'm putting the nail in the coffin. It's done. anybody's ever had an opinion about |
| 55 | 00:11:45,930 --> 00:11:54,330 | me? That's off base or off centered. They're gonna get corrected this year. If you had doubts about whether or not you can do this, I'm going to remove that |
| 56 | 00:11:54,330 --> 00:12:05,430 | for you. All you have to do is listen. Just show up, take notes, and pay attention. That's all. Don't ask me questions about something else that I'm not |
| 57 | 00:12:05,430 --> 00:12:13,590 | talking about at the time, you may think it's a pressing matter for you to learn what you think you're needing to learn. Like right now. The hot button is I need |
| 58 | 00:12:13,590 --> 00:12:21,930 | to now in every guru out there that's been ripping me off and renaming my stuff. They're all waiting today for me to talk about how I know when fair value gaps |
| 59 | 00:12:21,930 --> 00:12:30,840 | they open because he is what separates me from Chris Laurie's group. Okay, and I've always said this. And I'm not shitting on Chris Laurie. I'm just calling it |
| 60 | 00:12:30,840 --> 00:12:37,860 | what it is. Because there's a lot of people that say I learned how to trade from Chris Laurie, Chris Laurie did not teach me how to trade period. Okay, that's |
| 61 | 00:12:37,860 --> 00:12:48,450 | the end of the story there. I have always stated that if someone wants to go and learn from somebody else, I have never ever ever repped anybody else as an |
| 62 | 00:12:48,450 --> 00:12:58,380 | educator, but that guy? Now? Are you going to see him going in there and executing trades? Probably unless he's changed. I didn't see him doing that. I |
| 63 | 00:12:58,380 --> 00:13:12,390 | didn't see that. But you also didn't see him teaching when I'm teaching. Okay, so this whole idea of illiquidity void. Okay, that is, oh, it was always a |
| 64 | 00:13:12,390 --> 00:13:22,380 | sticking point for me, because I didn't see it that way. But just to be, well, polite, and I never wanted to correct him, even on our private conversations and |
| 65 | 00:13:22,380 --> 00:13:31,890 | emails and such. I always, like tried to ask him what he meant about this or not. And one of the questions I kept asking him all the time is, when you refer |
| 66 | 00:13:31,890 --> 00:13:39,450 | to a fractal and price, what is it that you mean by that? Like, what are you referring to specifically? Not that I don't know what a fractal is, I wanted to |
| 67 | 00:13:39,450 --> 00:13:50,730 | know what it is that he specifically taught. And I never was able to nail him down to a clear cut response. This is what I refer to here, as a fractal. So in |
| 68 | 00:13:50,730 --> 00:13:59,430 | a lot of ways, I can see how anybody that's an educator can fall short and missed the mark. And I've been doing it a lot longer, I believe, than Chris |
| 69 | 00:13:59,430 --> 00:14:09,690 | Laurie. And I know a little bit about the market and know a little bit how technical analysis works. And I still couldn't glean what it is that he was |
| 70 | 00:14:10,980 --> 00:14:18,570 | trying to deliver, when he would refer to a fractal. Okay, maybe someone else, maybe you're in the audience here, and then you're a student of his and maybe |
| 71 | 00:14:18,570 --> 00:14:27,660 | he's even listening to you. And I'm not trying to be disrespectful to either one. But I just simply couldn't get it from him what he meant, and maybe you |
| 72 | 00:14:27,660 --> 00:14:36,480 | did, and that's great. That's, that's wonderful. That's why some students of mine, they really resonate with me and that's great. But there's other people's |
| 73 | 00:14:36,480 --> 00:14:45,600 | going to come here with a sincere desire to learn. And they may even put the work in, but maybe my personality or the way I talk and maybe sometimes I drop F |
| 74 | 00:14:45,600 --> 00:14:56,370 | bombs too much and whatever. Maybe it sounds like I'm bragging when I'm just talking to facts because I coded this I altered its mind. And I'm proving it no |
| 75 | 00:14:56,370 --> 00:15:07,890 | one else can prove it like this. It's It's not meant to be a divisive thing, but unfortunately, sometimes the truth is very decisive, decisive and divisive. |
| 76 | 00:15:08,010 --> 00:15:18,540 | Okay. So I used to get affected by that. I would wear my heart on my sleeve and on baby pips, I would be offended if someone would say, you know, I don't like |
| 77 | 00:15:18,840 --> 00:15:28,770 | how you teach, and it would bother me, like, it would really bother me. Like, it would do damage to me, where I felt like I said, Okay, I gotta fix this one |
| 78 | 00:15:28,770 --> 00:15:39,270 | person. And I would go overboard and put more and more and more into the videos and more into the instructions. And sometimes I slightly deviated from the whole |
| 79 | 00:15:39,270 --> 00:15:47,850 | process and plan I outlined that one evening sitting in my living room where I was reading all these people, but this nonsense they would put up and say, This |
| 80 | 00:15:47,850 --> 00:15:56,250 | is what makes the market go up. But this is what makes the market go down. And they would show you these things they would add on top of their, their charts. |
| 81 | 00:15:56,370 --> 00:16:12,030 | Okay. And it was just, it angered me, because that's a lie. That's a lie. See? Even if you're in the audience right now. And you don't like inner circle |
| 82 | 00:16:12,030 --> 00:16:21,030 | trader, you don't like Omar, you don't like Michael Huddleston. You don't like? ICT? Okay. You think he's a dick? You think he's a braggadocious arrogant prick |
| 83 | 00:16:21,060 --> 00:16:31,530 | that doesn't deserve the attention he gets. Okay. But that aside, just for a moment, okay. Take your ass over to Twitter, and pull up what I did yesterday. |
| 84 | 00:16:32,670 --> 00:16:43,170 | Okay, you don't see any of these people out here, none of them. Not one of them. Not a Larry Williams. Not Oliver Velez, which I actually I got a story about him |
| 85 | 00:16:43,170 --> 00:16:58,080 | a little bit. None of these guys. Nobody has ever done that took you from a daily chart, all the way down to a five minute chart gave you the very specific |
| 86 | 00:16:58,080 --> 00:17:07,980 | levels that the algorithm is going to work with for that particular day. And then I left you with 3864. Note that when I left you that was the morning |
| 87 | 00:17:07,980 --> 00:17:21,510 | session. So what's the next time you're going to trade? The pm session? Don't worry. We'll get back to those charts on Friday. But just go back and go through |
| 88 | 00:17:21,510 --> 00:17:29,520 | that thread. When you're done listening to this space today. If you didn't see it, go back and look at it and choke on it. Okay, because there's undeniable |
| 89 | 00:17:29,520 --> 00:17:39,750 | proof that there's an algorithm, it's undeniable proof that I'm privy to it. And I got my fingerprints all over it, and you can't do anything to change it. And |
| 90 | 00:17:39,750 --> 00:17:49,830 | guess what? Yes, I can stand on the court and do that. Yes, I can demonstrate it. And yes, I can bring receipts. And I want to take you all along for a ride |
| 91 | 00:17:49,830 --> 00:18:01,320 | and 2023 I want to take you on an experience that you would have never had ever. It's going to be fun. It's going to be interactive, it's not going to be |
| 92 | 00:18:01,320 --> 00:18:09,540 | inundating, I'm not going to give you a whole lot of videos to do to bog you down, it's going to be very specific, it's going to be right now in the market |
| 93 | 00:18:09,540 --> 00:18:18,330 | right now in the charts before it happens. You're going to fucking see it, you're going to know what's going to happen before it happens. And after a |
| 94 | 00:18:18,330 --> 00:18:26,250 | couple of months goes by in the middle ear, you might think to yourself, Wow, I have been complicating this the whole time. He's taught this. But I have brought |
| 95 | 00:18:26,250 --> 00:18:35,250 | things to this learning process and slowed myself down. Yes, every one of my profitable students come to that realization always. They tried to bring |
| 96 | 00:18:35,280 --> 00:18:46,800 | everything to the table when he tried to find a setup. You don't need that. Look at the 2022 model. I clearly reduced that down to the the minimalist approach to |
| 97 | 00:18:46,800 --> 00:18:57,180 | doing it. And it's beautiful. It's poetic and price action. It's not going to work every single time on every single timeframe. Every single minute of the |
| 98 | 00:18:57,180 --> 00:19:04,050 | day, you have to wait for certain characteristics and signatures to materialize and price on Once that occurs. And you know what some of your thinking, what are |
| 99 | 00:19:04,050 --> 00:19:16,710 | the ICT go through the lessons in that 2020 mentorship, it's there. You're asking for something else because you're looking for that void in your |
| 100 | 00:19:16,710 --> 00:19:31,050 | experience doing it seeing charts print real time studying back data, hindsight movement. So you're trying to fill in a simple response from me that will never |
| 101 | 00:19:31,770 --> 00:19:41,340 | adequately fill in the necessity for you as the student and trader in development to go into the charts yourself. See, that's the part that all of the |
| 102 | 00:19:41,340 --> 00:19:53,490 | lazy people, every single one of my intakes 2017 I'm sorry, 2016 2017 2018 2019 2020 and 21. Every single group that came into my private |
| 103 | 00:19:53,490 --> 00:19:59,640 | mentorship had a group of lazy ass people. And yes, that sounds disrespectful. But folks, it's |
| 104 | 00:19:59,640 --> 00:20:06,570 | what it is. is, that's the defining thing, oh, I looked at your videos, I watched your videos, and I wrote five pages of notes, how you gonna call me |
| 105 | 00:20:06,570 --> 00:20:14,550 | lazy, you didn't do the work, what's the work, you got to put your ass in front of the charts, you have to study what it's done. Look for the things that I've |
| 106 | 00:20:14,550 --> 00:20:26,010 | taught you have copious amounts of notes, going back for months. And then you do that each day to annotating every single time and you study them on the weekend, |
| 107 | 00:20:26,040 --> 00:20:34,200 | when the markets aren't trading, you have to pour yourself into this, folks, it's not going to be easy for you, it ain't gonna be just watching a video. And |
| 108 | 00:20:34,200 --> 00:20:45,450 | some of you unfortunately, have this expectation that I'm going to somehow make it so easy that you're going to watch a couple live streams with me. And you're |
| 109 | 00:20:45,450 --> 00:20:53,280 | going to figure it out right then and there. I'm telling you, some of you young men are going to do this, and you're making a mistake. You need to spend the |
| 110 | 00:20:53,280 --> 00:21:02,730 | entirety of 2023. With me, you'd have no idea what you're stepping into, you have no idea what you're getting ready to get involved in and learn. And what's |
| 111 | 00:21:02,730 --> 00:21:13,650 | going to be expected of you personally. You can't you come to me wanting to learn. And I'm prepared to teach all of you. But you have to be really prepared |
| 112 | 00:21:13,650 --> 00:21:24,600 | to learn. Some of my students that have come to me over the years weren't ready. They had to come figure it out that it wasn't something they wanted to do or be |
| 113 | 00:21:24,600 --> 00:21:32,550 | a part of, and he would leave and go do other things and hurt themselves and come back and say you know what, I didn't feel that that person understood what |
| 114 | 00:21:32,550 --> 00:21:41,580 | they were doing. But let me give this ICT one more chance. And I had people do that I had one guy, come in 2016 quit after the first month, then came in on the |
| 115 | 00:21:41,580 --> 00:21:51,660 | 2017 group went halfway through and quit. And then came back in 2019. And I had made him pay every single month all over again. That was the terms. That was the |
| 116 | 00:21:51,660 --> 00:22:03,300 | way it was, you know what? He's happy he did it now doesn't need any hand holding from me. So does that tell you he was the problem, you are always going |
| 117 | 00:22:03,300 --> 00:22:13,200 | to be the problem. It's not the teacher. It's the person trying to learn this because this is something entirely different from anything else. It's not a |
| 118 | 00:22:13,200 --> 00:22:22,980 | sport. It's not an exercise regime where, you know, everybody is going to follow the same procedure. It's not like peloton, you're not we're not going to be |
| 119 | 00:22:22,980 --> 00:22:31,260 | sitting wrasses in front of a computer screen each. Each time we do it and we're all gonna have the same results. We're all going to have different results. Even |
| 120 | 00:22:31,260 --> 00:22:38,160 | if I were to sit in front of you and press the button and go into the market and trade go long. Here's my style. Here's my target. I'm gonna take my partials |
| 121 | 00:22:38,160 --> 00:22:46,200 | here, you're all going to do it differently. You're going to sit and wait, let me see if it really is starting to move in the favor he's talking about. Okay, |
| 122 | 00:22:46,200 --> 00:22:55,230 | now I'll chase I trust that now he's probably right. You're smiling. At me, he's got me. That's exactly what I would do. Right? This isn't my first rodeo. I've |
| 123 | 00:22:55,230 --> 00:23:08,370 | done this for a long, long time, folks. I've trained a lot of people. And I have a lot of students that came in failed, failed. Not because this stuff doesn't |
| 124 | 00:23:08,370 --> 00:23:20,580 | work. Because they are broken. They have never fixed themselves. They've never been responsible, personally responsible, and so easy for them to point and find |
| 125 | 00:23:20,580 --> 00:23:30,060 | a fault outside of themselves. And you're going to have to do very, very hard things in 2023 to keep yourself from feeling that way. Because you're going to |
| 126 | 00:23:30,060 --> 00:23:37,380 | do something wrong. You're going to get things incorrect when you're trying to learn your observations when I prompt you, what do you think's going to do right |
| 127 | 00:23:37,380 --> 00:23:44,910 | here? Do you think it's going to go to this level? Do you think it's going to go to this level? It's interactive, it will be interactive. And if you get it |
| 128 | 00:23:44,910 --> 00:23:56,070 | wrong, do not look at that as undefeated, I'm never going to learn this. The moment you don't do it right. Or if you get it wrong. That's zeroing in on an |
| 129 | 00:23:56,070 --> 00:24:06,210 | opportunity for you to improve on. And when I periodically ask everyone, as a community, where do you see yourself having a sticking point, it will help me as |
| 130 | 00:24:06,210 --> 00:24:13,890 | the educator dial in on the areas collectively where people are having an issue. But if you don't show up every single day, you won't be caught up with the |
| 131 | 00:24:13,890 --> 00:24:26,520 | group. That's it's as simple as that. You have to show up. Time will do all the heavy lifting. I know exactly what I'm going to do with y'all. I know exactly |
| 132 | 00:24:26,520 --> 00:24:35,100 | what's going to happen. But you have to do the work. You have to show up. You have to stop looking outside of the markets that I'm talking about. Because I'm |
| 133 | 00:24:35,100 --> 00:24:46,260 | not I don't give a shit about Bitcoin and crypto. Stop asking me they're going to zero. I've already told you that. Don't ask me about forex. Unless I'm |
| 134 | 00:24:46,260 --> 00:24:57,600 | talking about in my analysis. It's done. I'm going to talk about on a daily chart. That's it. You'll have my view. You'll have my bias. You can work with |
| 135 | 00:24:57,600 --> 00:25:06,360 | that. Okay, I'm making that available. Monday through Friday, unless my personal schedule or a holiday comes up, I will have a short little concise video talking |
| 136 | 00:25:06,360 --> 00:25:14,520 | about where I think the markets likely to go. Is that not enough? It should be. I've already taught you how to trade have I taught your model? If I'm telling |
| 137 | 00:25:14,520 --> 00:25:23,850 | you the bias where I think it's going to go, there it is. situation from the charts and study and practice with that. You will get the results you're looking |
| 138 | 00:25:23,850 --> 00:25:37,020 | for, but they can't be given to you. You must earn them independently, period and a story. There's no shortcuts I wish there was. Because I could have been |
| 139 | 00:25:37,020 --> 00:25:48,240 | done the first year doing this on baby pips. So there it is, it's done. And just so you check in and see what's going on once in a while. But it's not that it's |
| 140 | 00:25:48,240 --> 00:25:57,540 | not that easy, folks, it's hard. Because each one of us has mental baggage. You have stuff that's wrong with you, but you don't want to call it something wrong. |
| 141 | 00:25:57,870 --> 00:26:13,980 | You want to find the reasons that justify your shortcomings, your issues, your character flaws, and see profitable, consistent, long term successfully. Trade |
| 142 | 00:26:13,980 --> 00:26:23,790 | trading in the marketplace requires you to master yourself. You're never mastering the markets, it's never going to happen. That is never going to |
| 143 | 00:26:23,790 --> 00:26:36,780 | happen. How do I know that? Well, I know like the back of my hand, and I still can be humbled. It'll do something that I didn't I didn't expect. And you saw |
| 144 | 00:26:36,780 --> 00:26:47,220 | two examples that was CPI, which is exactly why I don't trade ahead of it. I know my limitations, I know where I shouldn't step or the market will remove my |
| 145 | 00:26:47,220 --> 00:27:01,140 | head cleanly, efficiently. So when I talk about those things, and how to avoid it, those, unfortunately, are the topics and lessons that nobody really wants to |
| 146 | 00:27:01,140 --> 00:27:08,100 | pay attention to because they think if you just learn how to pick the right order block or the fair value gap that stays open. Now, you see how that |
| 147 | 00:27:08,100 --> 00:27:22,050 | changes. That's always been an interesting study for me as a teacher, whenever I reveal something, and this is the only thing that my trolls have correct. |
| 148 | 00:27:22,410 --> 00:27:34,710 | Everything else, they're full of shit. But every, every single time I've either revealed something new or deeper. Everybody collectively that is not really |
| 149 | 00:27:34,710 --> 00:27:43,470 | versed in what it is they should be doing or have settled in on a particular model of their own. They clamor to that thing. It was order blocks it was it was |
| 150 | 00:27:43,470 --> 00:27:52,260 | that Oh, and it was breakers and mitigation blocked and then everybody calls everything mitigation. Mitigation. You know, when I when the market was |
| 151 | 00:27:52,260 --> 00:28:04,110 | apparent, mitigates, it drives me nuts. You're You're that's your only when you're talking about it. That's nonsense. It's nonsense. The markets not |
| 152 | 00:28:04,110 --> 00:28:15,750 | mitigating. Okay, the trader that's offside mitigates. Okay, so you can tell who has learned from who the knock off courses, like when they say, oh, you know, |
| 153 | 00:28:16,020 --> 00:28:30,180 | I'm looking for liquidity grab. What the hell is that? Like institutional candle, they don't exist, either. So you're gonna have to slowly press into |
| 154 | 00:28:30,180 --> 00:28:40,410 | uncomfortable places in your learning next year. Because the trolls were right and are right when they say, every time ICT releases something little buzzword |
| 155 | 00:28:40,410 --> 00:28:49,920 | or something like that. Everybody flocks to it, like it's the only thing that works in the marketplace. And they're right. Some of you a lot of you do that. |
| 156 | 00:28:50,790 --> 00:29:03,690 | And you don't need to do that. I mean, it's, it's interesting to see your passion and pursuit to learn more about it. But I'm not stupid. Like, I know |
| 157 | 00:29:04,080 --> 00:29:13,380 | that everybody's gonna chase the new buzz thing, because Smart Money concepts is kind of like the leader of the pack now in all the analysis venues on all social |
| 158 | 00:29:13,380 --> 00:29:26,250 | media. And yes, it's viewed from a it's a love it or hate it. There's no middle ground in it. And that's fine. That's good. There's liquidity. And that that has |
| 159 | 00:29:26,250 --> 00:29:34,320 | to happen. I don't expect I never anticipated everybody would love the things that I'm teaching or even me. And that's why I've always said don't worship me, |
| 160 | 00:29:34,320 --> 00:29:44,580 | I'm not your hero. I have always been the antihero. I've championed demo accounts, to call myself the demo baller forever. And this year, you saw a Live |
| 161 | 00:29:44,580 --> 00:29:56,220 | account just in five weeks, over 100% return, even teaching drawdown resolution problem areas doing things incorrectly. You know, I |
| 162 | 00:29:56,220 --> 00:30:02,520 | had students ask me all the time. Hey, what happens if you put a trade on until you hit the bye bye You want to really want to do the sell button? What do you |
| 163 | 00:30:02,520 --> 00:30:10,860 | do in that instance? I've done that. I've done that several times throughout my career. And if anybody says they didn't do it, or is a liar, I mean, it's simple |
| 164 | 00:30:10,860 --> 00:30:19,350 | as that. I mean, I've done it, you're gonna do it too. Oh, I mean, excessive using those hot buttons up in Upper, upper left hand corner on TradingView. In |
| 165 | 00:30:19,350 --> 00:30:26,730 | fact, I almost did it this week, I was literally hovering over the wrong one. I'm like, Whoa, what the hell am I doing? That's not what I wanted to do. So I |
| 166 | 00:30:26,730 --> 00:30:35,490 | kind of tell myself constantly, because usually I'm having my son next to me. Try not to get in the conversation or talk, when I'm getting ready to engage |
| 167 | 00:30:35,490 --> 00:30:45,510 | those entries are taking off partials because I actually did that. Last month, I ended up trying to take up a partial off on a long, instead of taking in |
| 168 | 00:30:45,510 --> 00:30:55,290 | selling, I ended up buying one more, when it should have been a partial to come off. So what are you doing it in sense, you correct it immediately. You don't |
| 169 | 00:30:55,290 --> 00:31:02,730 | even think about it, you just correct it immediately. So if you're looking to go in the marketplace long, this is an extra thing. Is it a rabbit trail, so you |
| 170 | 00:31:02,730 --> 00:31:11,910 | get these in these live things with me. But if you're looking to go long, and you make a mistake, and you hit this sell short, you're entering in the wrong |
| 171 | 00:31:12,030 --> 00:31:19,680 | direction immediately. As soon as you realize you do that. Don't look at the profit and loss and try to wiggle your way out of it. Oh, maybe no, don't do |
| 172 | 00:31:19,680 --> 00:31:28,680 | that. Don't do that, especially if you're learning from me. Because if you're learning how to trade with my concepts, you probably won't get the opportunity |
| 173 | 00:31:28,680 --> 00:31:36,240 | because I'm teaching you where to get in, right when the markets going to have an explosive move. So why the hell would you mean messing around waiting to see |
| 174 | 00:31:36,240 --> 00:31:45,300 | if it's going to come back and cover you're dealing spread, okay, or allow you to cover for cost of commissions and fees. Fuck that. As soon as you make the |
| 175 | 00:31:45,300 --> 00:31:55,980 | mistake, get out the zeroed out done. And maybe maybe in most instances, especially if you're new. Just watch the move that you were getting ready to |
| 176 | 00:31:55,980 --> 00:32:04,740 | participate in. Because when I was younger, I did that kind of stuff. Because I was in a rush, you know, I was in a rush to, to get an air and and once we had |
| 177 | 00:32:04,740 --> 00:32:14,790 | activity that could be placed, you know, with a discount broker when I was trading wetland, waldock. $30 around turn, which was great, because I came from |
| 178 | 00:32:14,820 --> 00:32:25,140 | Fox investments, which was, you know, $100 Round tournament. And that's that was robbery. But that's what it cost to do one trade one contract that was $100. Now |
| 179 | 00:32:25,140 --> 00:32:36,480 | imagine trying to do your 16 contracts full position or something like that. You ain't billing the brother. So you had to constantly shop around. And there was |
| 180 | 00:32:36,510 --> 00:32:49,020 | either Epstein and or Epstein or whatever it is. And then you had Lindwall dock, and then you had, there's one more on the top I know, I can't remember. And |
| 181 | 00:32:49,020 --> 00:32:58,230 | there was a third one that was really like the competitor. But anyway, Lindwall Buck becoming like the best one nearby would flock to, and a great service. You |
| 182 | 00:32:58,230 --> 00:33:08,610 | know, I never had an issue with them. And I don't know where I'm going with this one. So rental, real a back end. But the point is, is if you make a mistake and |
| 183 | 00:33:08,610 --> 00:33:17,730 | get in your wrong side of the marketplace, just get out right away, there's no reason to be worrying about you taking a small little hit. But wait, if you're |
| 184 | 00:33:17,730 --> 00:33:28,230 | new, you haven't got the experience and says where I was going. Sometimes when I was a younger guy, I would get in. And I was thinking okay, what's moving a |
| 185 | 00:33:28,230 --> 00:33:36,450 | little bit against what I would have been doing? And if it's moving in my favor a little bit, maybe I was wrong, right? Maybe I was wrong. And let me just see |
| 186 | 00:33:36,450 --> 00:33:46,050 | what happens with this. And then also it goes where my initial analysis was, but my stupidity in pressing the wrong button getting in foolishly hitting the wrong |
| 187 | 00:33:46,050 --> 00:34:00,120 | key getting in human error. And then trying to oh, maybe it was a good mistake. Maybe it was the universe helping guiding me to do it the other way. And then I |
| 188 | 00:34:00,120 --> 00:34:12,570 | asked, it's got torn up from it. So I've learned if you make a mistake and you enter on something that was not predetermined as far as the logic is why you |
| 189 | 00:34:12,600 --> 00:34:23,430 | went and did it, just pull out of it, get out of it. Don't worry about just take whatever that little cost that paper cut, get get it and just be done with it. |
| 190 | 00:34:23,700 --> 00:34:34,440 | Because you can see something turn violently against you. And it would just be more demoralizing. It's simple. You mistake you get in you did something wrong, |
| 191 | 00:34:34,470 --> 00:34:42,240 | get out who cares? I'm not going to beat myself up about something like that. But I did beat myself up about trying to stay with it. On the instances where I |
| 192 | 00:34:42,240 --> 00:34:51,630 | tried to work out a way of covering the cost of commission because let's be honest, when I when I first started, I didn't have a lot of money. You know, I |
| 193 | 00:34:51,630 --> 00:35:03,270 | didn't come from riches. I didn't come from wealth. One half of my family had money, but it was my father's side in I had no access to that. You know, it was |
| 194 | 00:35:04,140 --> 00:35:12,120 | a grandfather that wasn't biologically mine, it wasn't my father's father. So he wasn't entitled to anything. In fact, nobody got anything from him when they |
| 195 | 00:35:12,120 --> 00:35:28,440 | died. You know, everything went into their children, his biological children. So I didn't have any advantages in that regard. So when I had losing positions, or |
| 196 | 00:35:28,440 --> 00:35:40,350 | if I had a loss of any kind, they were monumental, like they did major psychological damage to me. But because I'm obsessively compulsive, and I have a |
| 197 | 00:35:40,350 --> 00:35:51,120 | lot of other issues in my hardwiring, that doesn't make me the perfect person, it would cause me to do things, to be more aggressive about trying to get it |
| 198 | 00:35:51,120 --> 00:36:01,680 | back faster, and inspire me to never quit. Sometimes I would be beaten down, and my account would be dusted and blown. Like seriously, like, that was very hard |
| 199 | 00:36:01,680 --> 00:36:11,250 | for me to say about mine to get that account started again. And then in a matter of two days, maybe three days of doing, do you full of shit, chasing the grain |
| 200 | 00:36:11,250 --> 00:36:22,860 | markets, trying to think that just because the market was showing me a reversal of the normal carrying charge market where I teach in the nearby contract should |
| 201 | 00:36:22,860 --> 00:36:32,130 | be cheaper than the next one out. And going further. Well, every time I saw that inversion, because I learned this from Larry Williams, indigo, I watched it in a |
| 202 | 00:36:32,130 --> 00:36:40,980 | video I thought I understood it. Okay. And I looked and saw the commercials were above the zero line on a net trader position chart. So naturally, what does that |
| 203 | 00:36:40,980 --> 00:36:49,770 | mean? Every time that the Williams percent R was in oversold condition that was when you buy it, that's what I was thinking that was all I had to do. And I |
| 204 | 00:36:49,770 --> 00:36:58,980 | would be buying it expecting to go into limit moves. And it would keep going down and stay oversold on the wings for sonar, and keep going down and keep |
| 205 | 00:36:58,980 --> 00:37:06,330 | going down. And I'd buy more and and be able to keep going down. And then I would trade now without a stop loss. Because you know, I know I'm right, just |
| 206 | 00:37:06,360 --> 00:37:13,710 | don't wanna get stopped out, and his keeps going down and all sudden the accounts gone. I did that shit when I was younger, okay, I did all that dumb |
| 207 | 00:37:13,710 --> 00:37:21,690 | shit. Because I didn't know how to trade. I didn't know how the markets book, I didn't know what the market is going to do. After those conditions present |
| 208 | 00:37:21,690 --> 00:37:29,670 | themselves, you still have to get in there and wait for structure to change to support that bullish idea. See, I didn't know any of that stuff. I just figured, |
| 209 | 00:37:29,880 --> 00:37:38,490 | well, the indicator says this, the market showing that we're in a commercial bull market based on what Larry Williams taught, and I got money in my account. |
| 210 | 00:37:38,490 --> 00:37:52,290 | So fuck it, it's casino time. And I was looking at an account statement saying zero or just a couple of dollars in the account. And it would suck. Like it |
| 211 | 00:37:52,290 --> 00:38:00,660 | would suck because I was thinking myself, you know, I know I can do this is I gotta find a way to get in alignment with the market. I gotta find a way how |
| 212 | 00:38:00,660 --> 00:38:13,980 | does the market give me clues. indications that this is in fact the time to be doing something. And I watched that video I put up yesterday, that wasn't like a |
| 213 | 00:38:13,980 --> 00:38:26,670 | two minute something. And I had people commenting to me on TradingView. And in, in the YouTube comments section. I wish I could see the video, you know, a |
| 214 | 00:38:26,670 --> 00:38:37,170 | slower pace. And I had a lot of new robots and bots and sock puppeting from my favorite fan in Texas, saying it was cherry picked. But you know, it's like |
| 215 | 00:38:37,170 --> 00:38:44,880 | this, folks. TradingView follows me on on Twitter, which I'm honored. Thank you so much if you're listening bar chart follows me on Twitter, too. Thank you. |
| 216 | 00:38:45,120 --> 00:38:52,350 | Thank you guys, I appreciate that as well. Both of those services, I actually use them. I feel that they're great. They're not paying me there's not a |
| 217 | 00:38:52,350 --> 00:39:02,970 | commercial for them. But if I was doing something in TradingView, that isn't available to everyone else. And if it wasn't real time, I would expect |
| 218 | 00:39:02,970 --> 00:39:11,880 | TradingView to step forward and say inner circle trader. That isn't a live thing. In fact, I might even invite them after this in a tweet and say, Hey, is |
| 219 | 00:39:11,880 --> 00:39:21,240 | this what real time looks like on your platform? Because there's people that say that that's Market Replay. And you can't do as far as I can see, I've not been |
| 220 | 00:39:21,240 --> 00:39:30,990 | able to find any way to do a trade when you're looking at Market Replay. And Market Replay screen looks different once a month you engage it's different. But |
| 221 | 00:39:31,470 --> 00:39:50,610 | putting all that aside. I know that when you as a student, see me do those trades. And you think wow, man, if I could just get like that. Okay, then life's |
| 222 | 00:39:50,610 --> 00:39:56,700 | gonna change for me. Well, I want to explain something to you. When I first started I didn't think what I'm able to do now was even possible. |
| 223 | 00:39:58,260 --> 00:40:06,660 | I'm gonna say that one more time, and it's not bragging, I want you to really listen to what I'm saying here. When I first started, even when I figured out |
| 224 | 00:40:06,660 --> 00:40:20,040 | what it is that I wanted to focus in on, I did not believe that I would be able to do what you're able to see me do now. It took a lot of time to get to this |
| 225 | 00:40:20,040 --> 00:40:31,590 | point. And when you see people like Michael Jordan, or Tiger Woods, which are real goats, okay, these men are they're the epitome there. That's the upper |
| 226 | 00:40:31,590 --> 00:40:42,720 | echelon. Like you can't get better than them. That's it. That's that they are it. They didn't get to that skill level, right from John Street, didn't just |
| 227 | 00:40:42,720 --> 00:40:52,980 | walk out there and say, Yeah, you know, I'm going to do this and I'm going to be this great at it. I wasn't like that. Like, I failed a lot. I blew lots of |
| 228 | 00:40:52,980 --> 00:41:01,380 | accounts. I tried changing stuff around, I tried taking things out of what I felt was working, maybe that would make you an example of improvement that would |
| 229 | 00:41:01,380 --> 00:41:11,190 | be notable. And like I said, I figured it out like two and a half three years into it. I knew what I had, but I was tinkering around with it. We knew three |
| 230 | 00:41:11,190 --> 00:41:18,750 | more years of bullshit, you back testing and in theory, testing and putting money in accounts and in I would run money up and then crash and burn Romani up |
| 231 | 00:41:18,750 --> 00:41:29,160 | and crash and burn because I'm trying to figure out the optimal settings for everything. And I'm also doing things automated with easy language TradeStation |
| 232 | 00:41:31,380 --> 00:41:45,450 | the all these things? These these cuts, you know, death by 1000 cuts. Well, those 1000 cuts didn't kill me. They make me a fucking animal today. Okay, I |
| 233 | 00:41:45,450 --> 00:41:57,930 | have scar tissue so thick. It's like bulletproof and wrecking ball proof to pitch. Okay, I can literally walk into any setting any venue, whether it be in |
| 234 | 00:41:57,930 --> 00:42:13,590 | front of the CFTC sec, FTA. Courts, public opinion, whatever the fuck you want to bring. I can prove this stuff. And I would gladly do it. would gladly do it. |
| 235 | 00:42:13,770 --> 00:42:23,190 | I would go on CNBC and do that shit live in front of everybody. Give me the opportunity. My ass will be in a car driving up the road. And you'll see me on |
| 236 | 00:42:23,190 --> 00:42:35,880 | there with a T shirt. alcoholic? Think I won't test me see I won't do it. There'll be higher me. There's our new anchor ICE T on CNBC. Join us every |
| 237 | 00:42:35,880 --> 00:42:46,140 | morning and ICTs anyway, I'm just talking with you. But I would do it. Die. I'm not lying. I'm telling you give me opportunity. I will make a show of it openly. |
| 238 | 00:42:48,000 --> 00:43:01,680 | Just to thumb, my nose at all the doubters, I would love it. And when new friends but anyway, the the folks that are looking forward to next year thinking |
| 239 | 00:43:01,680 --> 00:43:09,600 | that's going to be a magical transformation for you. You're still gonna have to work your ass off. Okay, the only thing I'm lending you is the 30 years |
| 240 | 00:43:09,630 --> 00:43:17,100 | perception and experience. That's it. That's it, you're still going to be complaining that I didn't tell you what to buy. You're still gonna complain? I |
| 241 | 00:43:17,100 --> 00:43:23,640 | didn't tell you where to put a stop loss, you're still going to be complaining where the best partials would be and what amount of partial see all those things |
| 242 | 00:43:23,640 --> 00:43:34,350 | have to be a unique decision. I didn't understand that either. Okay, it doesn't sound like that's how it should work. It sounds like well, it should, it |
| 243 | 00:43:34,350 --> 00:43:43,410 | shouldn't be the same way for everyone. How the fuck is that even possible? If it's the same for everyone? If everybody's doing the same fucking thing? How can |
| 244 | 00:43:43,410 --> 00:43:50,190 | there be liquidity on the other side of it? You see what I'm saying? That's also the argument that I'm going to pose to you in a little while when we start |
| 245 | 00:43:50,190 --> 00:44:02,310 | talking about that one tick stop loss. Yeah, we're going there. But I want you to think about how you're going to wreck yourself next year in the learning |
| 246 | 00:44:02,310 --> 00:44:10,530 | process, because you're going to try to put more than I'm willing to put on you. As your educator, as your mentor, I'm going to tell you where you should be |
| 247 | 00:44:10,530 --> 00:44:21,060 | focusing. And when I tell you that it doesn't mean okay. Well, I have extra time and extra energy. I'm going to take on this on top of what, don't do that. And |
| 248 | 00:44:21,060 --> 00:44:28,620 | I'm telling you, I've seen this with every group that I've ever had, even before when I was doing one on one. I had some students would come in, they would |
| 249 | 00:44:28,620 --> 00:44:38,130 | listen, do exactly what I said. And he'd do well. And then I'd have these guys coming in. And one lady who was like unconvinced, she was a gambler, like |
| 250 | 00:44:38,130 --> 00:44:44,670 | straight up gambler. But they would come in and I'd say okay, this is what you should be focusing on. And he only had one week with me. This is what you're |
| 251 | 00:44:44,670 --> 00:44:51,570 | focusing on. Are you going to do and I would sit there and they would have to do it in front of me. And then we'll start doing other shit. You mess around here, |
| 252 | 00:44:51,570 --> 00:44:59,220 | mess around there. Open your BlackBerry up scrolling through and looking at our emails. I'm like, do you see what the markets doing right now? You're not even |
| 253 | 00:44:59,220 --> 00:45:05,610 | looking at it. You're Looking at your Blackberry, what the fuck are you doing? Why are you here? You want to learn how to do this BlackBerry is not going to |
| 254 | 00:45:05,610 --> 00:45:11,610 | tell you to fucking buy. Why are you looking at that? Put that shit down and look at the chart. That chart is going to tell you when when you're supposed to |
| 255 | 00:45:11,610 --> 00:45:19,800 | be doing something. Oh, yeah, okay, you're right. Yeah, you're right. I know I'm right. You're here to learn from me. Why are you not listening to me? So it's |
| 256 | 00:45:19,800 --> 00:45:26,520 | very frustrating, very, very frustrating. Trust me, some of you wouldn't have been able to deal with me on a one on one day, and you all want it, but you |
| 257 | 00:45:26,520 --> 00:45:36,990 | wouldn't want it. Trust me, once you sat in the seat next to me. Kids don't fucking want to deal with it. Yeah, the way it is grown up ICT. So. So we've had |
| 258 | 00:45:36,990 --> 00:45:46,410 | a wonderful year of learning, I've had so much fun. And I promised you that you would see precision, I promised you that I would show you and I waited to the |
| 259 | 00:45:46,410 --> 00:45:57,120 | last day of the year. And it's typical of me and I walk you through a top down approach. And you're all encouraged to go and look at the longer rendition of |
| 260 | 00:45:57,180 --> 00:46:08,820 | that little short video from yesterday when I recorded the pm session. If you go into that what is the the description box under the YouTube video, if you click |
| 261 | 00:46:08,820 --> 00:46:17,880 | on that, it'll, it'll maximize and show you a whole new dialogue there. And I gave you the actual link that begins the thread on my Twitter feed. If you click |
| 262 | 00:46:17,880 --> 00:46:27,990 | on that, it'll take you step by step from the very first tweet, all the way through all the charts, I go from the daily chart for our 60 minute chart, 15 |
| 263 | 00:46:27,990 --> 00:46:40,650 | minute chart and a five minute chart. Okay, and I state very plainly that those are the levels that I'm going to work with for today. Now, the backdrop behind |
| 264 | 00:46:40,650 --> 00:46:50,280 | that was and this is also included in those tweets, nothing was deleted. I don't ever delete a tweet ever. I make mistakes, I'll either admit something or type |
| 265 | 00:46:50,280 --> 00:47:00,000 | something wrong. And I'll add it in in an additional tweet, but I'm not deleting anything. Nothing is hidden. I'm not hiding anything, no double one direction, |
| 266 | 00:47:00,000 --> 00:47:10,650 | no sway one direction. That way, I'm not giving you two sides of you know an outcome. And I said, Okay, we're looking at very specific levels. Okay, and |
| 267 | 00:47:10,680 --> 00:47:17,370 | while it was important for you not to engage, because if you are engaging and pressing the button, you're gonna be worrying about your stop loss getting hit |
| 268 | 00:47:17,370 --> 00:47:26,190 | or moving around instead of watching price, which is what I was guiding you through in the beginning before the 930 opening. So we're looking for that draw |
| 269 | 00:47:26,190 --> 00:47:36,240 | on liquidity, and I'm not going to steal the thunder from you go and look at it and hit it beautifully. I engaged the very thing that I teach you, in my lessons |
| 270 | 00:47:37,470 --> 00:47:47,820 | in real mentorship, okay, I drew your attention to a very specific thing in the charts. And you'll see it when you go through it. I engage doing it. And then I |
| 271 | 00:47:47,820 --> 00:48:00,420 | aimed for the liquidity and that draw on liquidity level that you saw in your charts. And it was perfect. Perfect. You couldn't ask for anything better than |
| 272 | 00:48:00,420 --> 00:48:10,410 | that, until the pm session. Because I know and I knew when I was teaching on Friday, I said, Look, you know, you got to, you have to have some kind of a |
| 273 | 00:48:11,430 --> 00:48:22,920 | beginning point. See you all that are young. And you're really just wanting to be like my examples. You want to be able to do that. Because I already know if I |
| 274 | 00:48:22,920 --> 00:48:31,350 | create monsters that can do what you asked me to do on Friday, I'm going to tell you this right now, none of you are going to do that next year. Okay, that's not |
| 275 | 00:48:31,350 --> 00:48:42,390 | going to happen. And that's not a knock against anybody's aptitude or intelligence. I'm just telling you, from a realistic perspective, it took me |
| 276 | 00:48:42,390 --> 00:48:52,740 | decades to get this way. It didn't happen overnight. I didn't have it in my eighth year, I didn't have my 10th year didn't happen. Your 10 1215. Okay, round |
| 277 | 00:48:52,740 --> 00:48:56,940 | 20 ish, then it started like I was finding my groove. But |
| 278 | 00:48:58,380 --> 00:49:08,070 | you won't be able to trade like that in forex. And that's why I said many times when I see these folks out there about two pips stop losses, okay. You're not |
| 279 | 00:49:08,070 --> 00:49:18,360 | going to trade with a one tick stop loss in forex, you're not. Okay. And if you start trading size, what size Oh, it's relative. But if you start trading with |
| 280 | 00:49:18,360 --> 00:49:26,010 | size, and you're thinking that you're going to do consistently a use of a two pip stop loss or one pip stop loss, and your broker is not going to open the |
| 281 | 00:49:26,130 --> 00:49:33,330 | spread to grab you. Yeah, you're full of shit. That's exactly what they're going to do. And there's nothing you can do about it. That's why if you look across |
| 282 | 00:49:33,330 --> 00:49:39,750 | the spectrum of all those Forex brokers, everybody's highs different. Everybody's low is different because you're trading in their pool of liquidity, |
| 283 | 00:49:40,410 --> 00:49:49,620 | FX cm, you know, forex.com, all of them have their own little servers. And every one of those servers have a different high different low, that you're not seeing |
| 284 | 00:49:49,620 --> 00:49:57,780 | it because you're not looking at it comparatively. But open up two accounts in the same brokerage firm and see if you're not in two different servers, they're |
| 285 | 00:49:57,780 --> 00:50:05,700 | going to be slightly different. Have you signed on knowing that you can't bitch about it? When you sign up and you sign all these papers that you never fucking |
| 286 | 00:50:05,700 --> 00:50:11,790 | read, just like when you buy a house and you buy a car, you open up a bank account, you're giving the money to the bank, you don't realize it yet, but you |
| 287 | 00:50:11,790 --> 00:50:20,880 | are and you're there promising that if we got opportunity to give your money back to you, we will, but they might not be a chance for that sometimes. And if |
| 288 | 00:50:20,880 --> 00:50:34,020 | you if we can't, then we're going to call your money in investment in the bank and we'll call it a good day. Thanks for your investment. Celia futures bonds. |
| 289 | 00:50:35,490 --> 00:50:48,660 | s&p, NASDAQ I'll go so far as to say down but not as clean as ES and NASDAQ. Why don't I trade down? Because I can't fucking stand it. I look at it like the |
| 290 | 00:50:48,660 --> 00:50:56,850 | dollar. It's just a barometer. It helps me confirm something against the other averages. I don't look at Russell. Okay, I think it's garbage. You don't need |
| 291 | 00:50:56,850 --> 00:51:10,500 | it. The Dow, the NASDAQ and ES. That's it. You need one triad. Three markets that are closely correlated. That's it. So when we look at precision elements in |
| 292 | 00:51:10,500 --> 00:51:21,690 | price action, you're not going to find anything cleaner than stock indices and bonds. There's nothing cleaner. There's no other market out there just cleaner. |
| 293 | 00:51:22,020 --> 00:51:28,950 | That's also the reason why I can't stay in crypto because crypto is a full of shit market like it's it's got Look how long bitcoins is hanging around that |
| 294 | 00:51:29,040 --> 00:51:40,380 | Narrow Sideways Channel? How many of you losing your mind over that shit? That would drive me nuts. Like that. That kind of shit. Oh, that reminds me of |
| 295 | 00:51:40,380 --> 00:51:49,410 | silver. You decades ago, silver would just do that. And then everybody right making courses and books and shit. Silver is going to have a historical |
| 296 | 00:51:49,410 --> 00:51:57,810 | breakout. It's been a long, narrow Sideways Channel. Well, it's all the bullshit I learned from CAD Roberts and Roberts rather, and lost my ass. First trade |
| 297 | 00:51:57,810 --> 00:52:07,110 | pitchers on going this shit don't work. Okay, that's like gambling. It's like scratch offs, lottery tickets. The Powerball even notice how the Powerball since |
| 298 | 00:52:07,110 --> 00:52:16,950 | they did that scam job. And they said somebody won the $2 billion. First of all, they didn't do a drawing. And it's like, slowly creeping because they might want |
| 299 | 00:52:16,950 --> 00:52:25,590 | to buy a ticket or pissed off, they'll buy the mega million, but they're not doing Powerball. You see how easy it is for me to get distracted? And you want |
| 300 | 00:52:25,590 --> 00:52:32,100 | me to do a live stream and answer questions and watch the market to fuck that I can't do it. You're gonna have to just watch what I'm doing. I'll talk about it |
| 301 | 00:52:32,100 --> 00:52:40,530 | before it happens. And there it is. But I can't I can't answer questions while I'm doing live streams. But you're gonna have an invitation to be a part of a |
| 302 | 00:52:41,520 --> 00:52:56,190 | interactive learning process, I'm gonna do my best to try to make it. So that way you have to see it yourself and listening to my dialogue when it's salient. |
| 303 | 00:52:56,670 --> 00:53:08,100 | So when you're watching the price charts with me live on YouTube. I'll prompt your attention to certain things. And then I'll tell you screenshot this, if you |
| 304 | 00:53:08,100 --> 00:53:19,470 | can't be there live, when you're watching the replays. At that moment, pause the video and screenshot it. Okay, if you don't do those types of things, you're not |
| 305 | 00:53:19,470 --> 00:53:26,040 | going to get the results that you're probably hoping for at least not the results that I'm aiming for. If you do what I'm telling you to do, you will |
| 306 | 00:53:26,040 --> 00:53:35,070 | learn amazing things next year, you'll have a better understanding about what what I do in the mornings, in the afternoons. How do I how do I get my bias? How |
| 307 | 00:53:35,070 --> 00:53:44,310 | do I know what I'm looking for? How do I know if I should be trading today or not? What happens if I feel like I think this is a day I'm going to trade and |
| 308 | 00:53:44,310 --> 00:53:53,040 | then things change that takes my willingness to want to trade away and then I don't want to do anything. See that's mentoring. That's the real ship that books |
| 309 | 00:53:53,040 --> 00:54:04,320 | can't do a one week workshop can't do. You have to be with someone that knows how to do it. That's done it more than just in the last year I got funded |
| 310 | 00:54:04,320 --> 00:54:11,190 | account. I'm gonna start doing a mentorship, fuck Get the hell out of here. You're teaching ICT stuff. So this stuff save everybody's time and money, give |
| 311 | 00:54:11,190 --> 00:54:25,980 | them their link to my channel and it's done. It's easier. They'll respect you more in the end. But Friday, I went through the top down approach. I went |
| 312 | 00:54:25,980 --> 00:54:35,940 | through the daily chart with you and I mentioned in the narrative of everything. Think about what yesterday was okay, I prompted us in a tweet I said think about |
| 313 | 00:54:35,940 --> 00:54:48,150 | what has been going on who's been making money recently. The shorts. The markets been bearish. It's gone down. Yes, we had a rally off the lows on a daily chart, |
| 314 | 00:54:48,270 --> 00:54:57,210 | but year end squaring of positions, that means folks that are holding positions that you know for taxable income and things of that nature if they're holding |
| 315 | 00:54:57,210 --> 00:55:08,730 | positions. What positions are they like? lead to be squaring up towards the close of the day. Well, if you're short or predominantly short, when people are |
| 316 | 00:55:08,730 --> 00:55:18,870 | closing positions on a short, they have to do what they have to buy. So that's already a built in advantage. So now think about why I said 3864. Note that |
| 317 | 00:55:19,230 --> 00:55:29,370 | relatively equal high note that and I left you in the morning session. What did I teach you in the 2022 mentorship? When it starts to trade in the afternoon |
| 318 | 00:55:29,370 --> 00:55:40,980 | session, you use the lunchtime liquidity? Where are the stops? If it's been going down? Where are the stop losses in by side above that lunch hour, tomorrow |
| 319 | 00:55:40,980 --> 00:55:48,900 | is gonna gravitate towards that. Unless it's a strong one directional trending day, which isn't always the case, you have to be a trader working in markets |
| 320 | 00:55:48,900 --> 00:55:58,410 | that are not like that. But if it's one direction, there's a big tear off right from the beginning, type day in, either gotta be in it from the beginning, or |
| 321 | 00:55:58,530 --> 00:56:05,790 | you're done. Just leave, let it go. But if it doesn't, then kind of like real retracements of any kind. That's what I'm referring to those types of days. |
| 322 | 00:56:05,820 --> 00:56:12,840 | Unless you're in at the beginning of the move. It's better just as this, turn it off, come back the next day or whatever. But that's not what it feels like you |
| 323 | 00:56:12,840 --> 00:56:20,670 | should do at the time. You want to chase it. Or you'll spend all day waiting for a retracement that never comes. It just keeps melting or keeps barreling higher. |
| 324 | 00:56:21,270 --> 00:56:30,960 | Those days cause people to blow their accounts. Because they chase and they chase and they chase and even knowing that they shouldn't do it, they put on a |
| 325 | 00:56:30,960 --> 00:56:39,780 | bigger position to make up for the fact that he didn't get in at the earlier point. And in any little retracement of of any single candle or two, which is |
| 326 | 00:56:39,780 --> 00:56:48,180 | insignificant in the grand scheme of that move the collapse tree because it can't handle it. And it still keeps pressing on. You've been there before, |
| 327 | 00:56:48,180 --> 00:56:58,410 | haven't you? I know what that feels like I did that shit and oats, oats, thin shitty as market in commodities, I did that. And it was in a mood that just kept |
| 328 | 00:56:58,410 --> 00:57:05,400 | moving and moving and moving. And because I was trying to make up for the fact that it didn't get down when I knew I should have put in a bigger position that |
| 329 | 00:57:05,400 --> 00:57:14,130 | I should have. In every one cent move is 50 bucks, kinda like a ES. And when you're carrying 15 contracts, and you can't really carry that much in terms of |
| 330 | 00:57:14,130 --> 00:57:22,830 | margin. It doesn't take long to scare you out of the trade. And four cents five cents. It was enough for me I had had to bail and it would still keep going in |
| 331 | 00:57:22,830 --> 00:57:31,590 | the direction if I just want to hold on to it. Never went to what I would have used as a stoploss but I couldn't whether that pain 20 year old man 20 year old, |
| 332 | 00:57:32,160 --> 00:57:40,920 | no clue what real money was. You wet behind the ears in life. You freshly divorced, I had chip on my shoulder, I had all the things that you kind of |
| 333 | 00:57:40,920 --> 00:57:47,010 | complain to me about if we were just sitting at the bar, okay? You want to give him the reasons why you're not successful. Your father hated you, your mother |
| 334 | 00:57:47,010 --> 00:57:55,440 | disown you, your wife cheated on you. Everybody's you hated you and showing your entire life dude, I had to I had all that stuff. Okay, I got all that shit. And |
| 335 | 00:57:55,440 --> 00:58:04,620 | that's none of that. None of it's an excuse for you not to be able to be successful at this. None. I was homeless. Okay, trust me, I'm telling you, |
| 336 | 00:58:04,650 --> 00:58:11,940 | there's nothing you're going to be able to bring this conversation that says that this is a verifiable reason why you can't make it work. Because that's |
| 337 | 00:58:11,940 --> 00:58:19,320 | bullshit. You have to have the tenacity to say I'm going to deal with it and stick with it. And understand that like what I did on Friday, walking you |
| 338 | 00:58:19,320 --> 00:58:31,050 | through the daily chart. And I outlined the fact that we are in what the last day of the year. Now, the narrative I gave you. And the reasons for it was this |
| 339 | 00:58:31,260 --> 00:58:39,210 | last trading day of the year, there were not expecting a lot of volatility. But let's note it the previous day's high and the previous day's low. |
| 340 | 00:58:40,770 --> 00:58:49,200 | Which ones likely to get hit? Well, if you consider the fact that we're in our last trading day, it's a Friday, there isn't going to be new positions barreling |
| 341 | 00:58:49,200 --> 00:58:55,260 | in there, there isn't going to be this big rush to kind of get in here, there's going to be a big move, not on the last trading day of the year, they're not |
| 342 | 00:58:55,260 --> 00:59:05,490 | going to have that. So that means what we're likely to have an Inside Day. How do I how did I know that? I'm sure you're probably asking like, I hope he has |
| 343 | 00:59:05,550 --> 00:59:14,580 | answers what how do you know is going to be inside day? Well, what I've already said and what I've explained thus far, but we also opened below previous day's |
| 344 | 00:59:14,580 --> 00:59:27,360 | low. I'm sorry, below previous day's high and above previous day's low. So at 830 when we start looking for something, and at 930 Those two time periods are |
| 345 | 00:59:27,360 --> 00:59:37,530 | important. There's two hours of the morning session that you have to be in front of your charts between 830 in the morning and 930 in the morning, all up to like |
| 346 | 00:59:37,530 --> 00:59:51,810 | 10 like 1030 I guess technically what that's yes, it's two hours. That's your morning session. Now, if you haven't found a setup by then don't There you go. |
| 347 | 00:59:51,840 --> 01:00:01,500 | There's 80% of your losing trades now been removed. If you chase something outside of that two hour window if you haven't found anything yet Don't wait for |
| 348 | 01:00:01,500 --> 01:00:15,270 | the pm session. How do I knew that? Dozens of blown accounts? When I stopped doing that shit, I stopped wrecking myself. It's chasing things. That's all |
| 349 | 01:00:15,270 --> 01:00:25,110 | you're doing. It's FOMO fear of missing out. I gotta get in something. I've been here two fucking hours. So, what's two hours in the whole career lifetime of you |
| 350 | 01:00:25,110 --> 01:00:33,240 | trading? It's shit. It's nothing. Movies are longer than that for fuck sake, and you're trying to make a big deal about two hours of sitting in front of charts |
| 351 | 01:00:33,240 --> 01:00:44,100 | and did nothing. You got chart time. You gotta experience stop looking at that is, I didn't get anything out of it. See, that's the right now. Work crowd |
| 352 | 01:00:44,100 --> 01:00:52,860 | perspective, and I'll shut up, I stepped in some shit right there. I don't care. This generation is too fucking lazy. And you're gonna have to find a way to fix |
| 353 | 01:00:52,860 --> 01:01:03,510 | that lazy ass. If you're gonna make money in this because even ICT can't fix lazy ass. That lazy eye syndrome. If you bring that into this industry, you're |
| 354 | 01:01:03,510 --> 01:01:14,190 | done. You're done. There's no way you're gonna be able to cope with the wrestling match that this is going to put on you. And when you lose, you're |
| 355 | 01:01:14,190 --> 01:01:23,220 | gonna feel like it's something that was done to you. undeservedly when it was you that invited it. Because you're doing something in a hurry. ill equipped, |
| 356 | 01:01:23,520 --> 01:01:33,540 | you don't know what you're doing, you're rushing. And you expect it to be easy for you. Let me tell you something, it's not easy. It's not easy. Once you learn |
| 357 | 01:01:33,540 --> 01:01:40,620 | your model, and you know what it feels like to get your ass burned. And you know, the consequences of doing stupid shit. You know, boundaries, kind of like |
| 358 | 01:01:40,620 --> 01:01:48,270 | that yellow double line in the road, Don't Cross That son of a bitch. Because if you do, you know, it's gonna happen. Bad stuff. And you might not be here long |
| 359 | 01:01:48,270 --> 01:02:05,010 | after doing it. You're gonna have to be personally responsible. And making decisions where financial success or ruin is all on you. All on you, a lot of |
| 360 | 01:02:05,010 --> 01:02:18,690 | you that are young don't like to weigh that out and say, You know what? It really is all on me. Yeah. And that's a terrifying feeling. And me being in a |
| 361 | 01:02:18,690 --> 01:02:26,910 | live session with you next year, is not going to remove that. In fact, for those that are gonna make the mistake of trying to take a live trade based on what I'm |
| 362 | 01:02:26,910 --> 01:02:34,500 | saying, live, you're really going to be shitting yourself. Because once you put trade on, and I'm not saying the things you want to be talking want me to be |
| 363 | 01:02:34,500 --> 01:02:44,670 | talking about, you're gonna see the same prints pan picture for you say I'm calling the market to a specific type above market price. And I'm saying, I |
| 364 | 01:02:44,670 --> 01:02:54,750 | believe the market sentiment right now is prime for a run on buyside liquidity. And I had this level here, let's study this right away some of you going like, |
| 365 | 01:02:54,780 --> 01:03:05,880 | Oh, shit. That's, that's it. That just gave me the invitation I'm going in, how much margin can I afford? Right there, you don't talk about number one, you're |
| 366 | 01:03:05,880 --> 01:03:16,350 | trying to press a button instead of watching price. And learning to read each individual candle, not. I just bought it. I don't even know where I should have |
| 367 | 01:03:16,350 --> 01:03:24,060 | bought it. But I heard him say it's going up. And I got time and I need to get back to work. I'm on my smoke break. If my boss sees me fucking with this phone, |
| 368 | 01:03:24,330 --> 01:03:30,990 | I'm gonna get fired. I can't afford to get fired yet until I learn how to make this money. Because this year, I'm going to overleveraged my funded account. And |
| 369 | 01:03:30,990 --> 01:03:41,610 | I'm going to be independently wealthy, and I'm going to be worried about this shit. But I'm gonna, I'm going all in you're laughing right now. But you knew |
| 370 | 01:03:41,610 --> 01:03:47,520 | damn well, that's what you thought you were going to do. And you shouldn't don't do that. You're not going to understand how to read price if you do that. |
| 371 | 01:03:47,730 --> 01:03:58,140 | Because if you go in, and let's say you foolishly press the button, and you get an even a small position. The smallest levers you can afford to put on or the |
| 372 | 01:03:58,140 --> 01:04:07,440 | broker will allow you and then you're in there. You're gonna be watching the profit and loss going up and down not reading the individual candles like I want |
| 373 | 01:04:07,440 --> 01:04:25,740 | you to do. See, you got to get yourself in sync with how these markets book, minute by minute. Second by second interval by interval. You cannot be a divided |
| 374 | 01:04:25,740 --> 01:04:37,920 | mind. You can't have your attention elsewhere and learn properly. If you're watching that p&l tab on your open position while I'm doing a live stream, |
| 375 | 01:04:38,580 --> 01:04:49,980 | you're fucking doing it wrong. And you are going to fail even if that trade makes profit. Because once I pack it in, and the close of 2023 comes in, you |
| 376 | 01:04:49,980 --> 01:04:57,690 | have to do this all by yourself. It's going to feel like the weight of the world it's crushing on you. You're going to be scared shitless when you have to make |
| 377 | 01:04:57,690 --> 01:05:08,070 | the decision on your own because you've wasted your time trying to catch what you're thinking is easy money. Instead of taking the opportunity I'm placing in |
| 378 | 01:05:08,070 --> 01:05:21,390 | all of your hands, to learn how to do this in an environment that is safe, you can't hurt yourself. You can't hurt yourself. Now it might bruise your ego for |
| 379 | 01:05:21,390 --> 01:05:28,710 | some of you that thought you knew how to trade. And when you see the things I'm going to teach you, that's fine. You can come back from that. But it's real hard |
| 380 | 01:05:28,710 --> 01:05:36,750 | to come back from putting money behind a trade that you don't even know why it's likely to move. You're just trusting me, don't trust me. Not almost none on the |
| 381 | 01:05:36,750 --> 01:05:47,670 | face value, you want to go onto the charts and do it. See it, earn your own personal trust in these concepts. And that's why I've always openly challenged, |
| 382 | 01:05:48,030 --> 01:06:00,390 | don't take my word for it, go in there and try to debunk it. Notice how no one's ever been able to successfully do that. Yeah, because you can't. I am the |
| 383 | 01:06:00,390 --> 01:06:12,210 | algorithm. I am the author. It's mine. And I know it. And I am welcoming you all to join me and I will share it. I will show you all these little pieces that |
| 384 | 01:06:12,210 --> 01:06:21,930 | come together. And you'll find one good opportunity per week. That's your career. Everything else. That's all on you. But you want to find a way to |
| 385 | 01:06:21,960 --> 01:06:33,090 | outpace inflation. You don't have to pay me for that. I'm going to teach you how to use what I've already given you. Where's there better downtown? Where is |
| 386 | 01:06:33,090 --> 01:06:46,800 | there anyone else out there? Making it this accessible? With proof that it has precision that's on rivaled? You see, I've waited for this entire year to finish |
| 387 | 01:06:46,800 --> 01:06:57,120 | because I couldn't wait to latest on you. Because I know some of you have woke up to mount this, this this ship? Is it like this is the real thing. Yeah, it |
| 388 | 01:06:57,120 --> 01:07:05,760 | really is an unreal thing. And I've always been the real thing. I didn't have to go out there and dance, and perform and show everything that I can afford to |
| 389 | 01:07:05,760 --> 01:07:18,270 | own. And I didn't have to show you any live accounts, but I did. I showed you precision, I went to a live stream, I think twice this year, and called the very |
| 390 | 01:07:18,270 --> 01:07:29,010 | fair value gap and where it's gonna go, I did it. Oh, that's just a cherry pick. Now it's not cherry picked. It's right then in there. You all have probably seen |
| 391 | 01:07:29,010 --> 01:07:38,100 | leaked videos of my mentorship where I was giving analysis. And I've received lots of emails over the years saying, I want to join, I've seen leaked comments |
| 392 | 01:07:38,130 --> 01:07:49,290 | of your commentaries. And I looked at the charts, and it did exactly what you said, please let me join No. No, you don't need to. I'm gonna be on YouTube. I |
| 393 | 01:07:49,290 --> 01:07:59,340 | don't do analysis for my private group anymore. So stop fucking asking me you can't join that. It's just them enjoying each other's company and their |
| 394 | 01:07:59,340 --> 01:08:10,500 | community. They earn that spot. That's where it is. But there's no, there's no secret analysis. I'm making it public. I'm literally laying it in your hands. |
| 395 | 01:08:11,580 --> 01:08:20,100 | What are you going to do with it this year? Are you going to sit around and try to take potshots at it and find fault with it? Or are you just going to really |
| 396 | 01:08:20,160 --> 01:08:24,180 | say You know what? I'm going to take this guy at his word and he's going to |
| 397 | 01:08:25,500 --> 01:08:32,100 | make it available. I'm going to see if there's any validity to it. I'm going to do everything he says and let's see what happens. That's all I'm asking you to |
| 398 | 01:08:32,100 --> 01:08:49,410 | do. No PayPal, no credit card, no coupon codes, nothing. Because I already know. I already know I'm gonna have a legion of new believers that are able to do this |
| 399 | 01:08:49,440 --> 01:08:57,480 | on their own. And my wife and my family night will be reading all the success stories like I've been reading this entire fall all the way through. I'm getting |
| 400 | 01:08:57,480 --> 01:09:08,430 | letters I'm getting these are real people folks, bringing up that hey, look, this is what I've done. And I have nothing else to thank except for the stuff |
| 401 | 01:09:08,430 --> 01:09:15,450 | I've watched on YouTube channel this year. This is amazing. I've been doing this for 15 years and I've never made money now with watching what you've put on |
| 402 | 01:09:15,450 --> 01:09:28,440 | YouTube. I'm making money I'm funded I got 4000 hours in funded accounts and I'm taking withdrawals how do you how do you argue against that? And when you're one |
| 403 | 01:09:28,440 --> 01:09:38,010 | of those types of people is it gonna matter? Who doesn't like ICT or what you do or think it's fake? I've got to give a flying fuck what anybody thinks you're |
| 404 | 01:09:38,010 --> 01:09:49,290 | making bread and you're breaking bread it's not gonna make any difference what anybody thinks. They're not spending your money you're spending it and you're |
| 405 | 01:09:49,290 --> 01:10:00,030 | able to do what? ICT that's what I want. I don't want glad handing I don't want people holding on to me saying you know I need you to do this. No, you don't I |
| 406 | 01:10:00,660 --> 01:10:11,790 | don't, I don't run a service where you got to keep paying me. Because I think that's unethical. I don't charge people anymore. I could, I can make a fucking |
| 407 | 01:10:11,820 --> 01:10:24,570 | ton of money right now. I have money. I want to live the latter stages of my life principle oriented and have a clean conscience that the things that I've |
| 408 | 01:10:24,570 --> 01:10:38,340 | known for years that I was told not to share with anybody else. I had to create a language. In that language, I have it wasn't easy. Let's, let's be honest, it |
| 409 | 01:10:38,340 --> 01:10:52,590 | wasn't easy for me to try to bridge what it was that goes on? Versus what could be talked about and not get me in trouble? Or what you mean by that? You're not |
| 410 | 01:10:52,590 --> 01:11:12,030 | supposed to know this stuff. So if I make up? Well, terms and usages of theories, that would be very, very close. Very, very, very close, okay, to what |
| 411 | 01:11:12,030 --> 01:11:24,420 | the actual algorithms do in the marketplace. Now, when I say algorithms, there's two of them that dance together. The engine that runs price, that is the |
| 412 | 01:11:24,420 --> 01:11:39,090 | algorithm. How does that work with Smart Money algorithms that engage price engines? Where do they enter their orders? Where do they adjust their orders? |
| 413 | 01:11:39,360 --> 01:11:49,710 | Where they close their orders? See, that's that synergy between both of them? That had to create a language to be able to communicate how that happens, and |
| 414 | 01:11:49,710 --> 01:11:58,050 | not divulge what has been given to me that you are never going to learn. Oh, here we go. This Tom Clancy Shit, I don't give a fuck if you believe it or not. |
| 415 | 01:11:58,440 --> 01:12:07,470 | You explain how I can do what I can do. And find it anywhere else in any other fucking theory or retail horseshit, or some super power engine, new blackbox |
| 416 | 01:12:07,470 --> 01:12:21,990 | horseshit doesn't work. I know it sounds arrogant. But it annoys me that people see the obvious and they still still can't see it. I'm going to literally sit |
| 417 | 01:12:21,990 --> 01:12:34,440 | down with you and map out every one minute and five minute candle real time. Two times a week. You're gonna see it. You're gonna walk it with me. Every fucking |
| 418 | 01:12:34,740 --> 01:12:47,880 | candle. Nobody does that. But me. And I'm looking forward to it. Because I know Joel is gonna be hitting the floor. People will be shitting and fall back in it. |
| 419 | 01:12:48,600 --> 01:12:58,680 | Because we're gonna be like, Damn this, this guy is exactly exactly what he said he was Yep. And I never had to be more than what you saw. And here's the here's |
| 420 | 01:12:58,680 --> 01:13:08,520 | the kicker. Even after this, there's still going to be people out there. And they're going to say, Yeah, but he didn't do this. He didn't trade in front of |
| 421 | 01:13:08,520 --> 01:13:20,070 | you. He didn't do this. And that. See, these are the same people that have sorry, asked when records, their stats suck, they can only over leverage in |
| 422 | 01:13:20,070 --> 01:13:33,630 | gamble. And they call that skill. That's not skill. I'm not a 5050 trader. Notice that I don't want to have a 5050 strike rate. I don't want to operate or |
| 423 | 01:13:33,630 --> 01:13:46,920 | engage in an environment in bytes only that as a possible outcome. I want to be in there when the stage is set for me to obviously get everything I could |
| 424 | 01:13:46,920 --> 01:13:59,580 | possibly garner as an odds in my favor. And you not knowing those things right now is, is a cause for you to feel anxious, like I'm hiding something from you. |
| 425 | 01:13:59,610 --> 01:14:10,830 | I'm promising you all the things that I'm never going to divulge past what I've already done. I never ever have to teach those things. I have simplified things |
| 426 | 01:14:10,950 --> 01:14:19,950 | like there. There are simple macros in the marketplace that run every single day. And you can find them and make money. That's what I was talking about. With |
| 427 | 01:14:19,950 --> 01:14:27,630 | that five handle move. You can find a five handle move every single fucking day. I don't give a shit. If it's seeking destroy. I don't care if it's a trending |
| 428 | 01:14:27,630 --> 01:14:37,950 | day. If it's a consolidation day, if it's a classic biday classic sell day. It doesn't matter. I can go in and you can too. After 2023 You'll be able to find |
| 429 | 01:14:38,040 --> 01:14:51,360 | find a five handle move. It's 20 ticks in the s&p. You can make a career out of that. What if you parlayed that up and use money management to build it up, |
| 430 | 01:14:51,360 --> 01:15:00,600 | build it up build as you make more money, it allows you in a 4g to do what carry more contracts and not increased the percentage of risk. It's the is the same. |
| 431 | 01:15:02,340 --> 01:15:10,560 | What does that mean? Well, let's say you start with a hypothetical funded account of 10,000 hours. Okay? Oh, and you can't make a lot of money with |
| 432 | 01:15:10,560 --> 01:15:26,010 | $10,000 Larry Williams did in one year. You can't make what you don't think you can make 10 fold on that over a course of a year? I think you can. I believe |
| 433 | 01:15:26,010 --> 01:15:37,890 | it's possible. So stop listening these fucking people that say you have to have $300,000 of funded account to make money bullshit. Last time we talked, I said, |
| 434 | 01:15:37,890 --> 01:15:50,100 | What if you get that fund that account for 100,000. And us make one and a half percent a week? That 6% per month, compounded over the year. That's 100%. It |
| 435 | 01:15:50,100 --> 01:15:58,500 | means you made six figures on $1,000. Tax it you probably got about anywhere, depending on where you're at in in the United States. And I'm only can only talk |
| 436 | 01:15:58,500 --> 01:16:07,770 | from the United States perspective. And barring any kind of, you know, special tax treatment, the likelihood of you getting trader status in the first year of |
| 437 | 01:16:07,770 --> 01:16:19,500 | trading is not likely you have to have a track record. So you have what 100,000 taxes, you probably got anywhere between 68,070 $2,000 That's a good living, |
| 438 | 01:16:19,500 --> 01:16:34,260 | folks. That's a good living. Now, if you just did that every every year, and you did nothing more than that, are you failing? Did you miss the mark? How do you |
| 439 | 01:16:34,260 --> 01:16:43,560 | rate in your social media equity curve amongst your friends and family on Twitter and Facebook and Instagram? You feel like you're not up to snuff with |
| 440 | 01:16:43,560 --> 01:16:54,750 | them. Stop worrying about them on the fuckers. 90% These people don't even make money 90% on can't fucking trade. And if they are with a little bit of money, |
| 441 | 01:16:54,870 --> 01:17:04,800 | they've made their money selling shit. And I've been very open and honest with you. I have made more money selling education than I did my live trading. It's |
| 442 | 01:17:04,800 --> 01:17:16,260 | easy. People pile in, they want to learn, they'll pay they'll pay they'll pay trades you have to wait for you have to wrestle through, you have to wait, lose, |
| 443 | 01:17:16,260 --> 01:17:25,920 | come back lose. It's a lot. And when you learn how to trade and do well guess what? If you want to use that as an income source, I don't think there's any, |
| 444 | 01:17:25,950 --> 01:17:33,480 | it's just because I stopped doing it. Just to prove a point to everybody because oh yeah, he makes his money doing this, okay, I'll stop doing that. But the same |
| 445 | 01:17:33,480 --> 01:17:45,210 | fuckers are out there trying to sell new shit. With 12 year old furniture in your house does the shit. So you have all kinds of potential income streams laid |
| 446 | 01:17:45,210 --> 01:17:55,140 | at your feet. Once you know how to do this. You can be in fund management, you can be in Prop firm, you can educate, you can do signal services, you can do |
| 447 | 01:17:55,140 --> 01:18:06,090 | YouTube channels. I mean, there's nothing limiting you once you learn how to do this the right way. And you can manage yourself efficiently, effectively, and |
| 448 | 01:18:06,090 --> 01:18:15,960 | manage risk properly. There isn't a living soul on this planet that wouldn't be at least interested in see what you're doing. They don't have to subscribe to |
| 449 | 01:18:15,960 --> 01:18:23,910 | your views of it. For people that don't look at this way, for people that couldn't afford my mentorship, they still watch my videos on YouTube. |
| 450 | 01:18:26,190 --> 01:18:31,440 | For people that don't want to watch my YouTube videos, they still read my tweets |
| 451 | 01:18:37,350 --> 01:18:49,650 | doesn't matter. You have an audience, I have an audience. So there's a way for you to monetize this skill set in so many ways. And it not hinge on you making |
| 452 | 01:18:49,650 --> 01:18:57,840 | your trading income support you initially. That's the major thing that I want you to understand. Because see, you're all trying to get rich, real real quick, |
| 453 | 01:18:57,870 --> 01:19:14,130 | and I'm not promising you that. I've never done that. I've always thought have modest expectations, back on baby pips. Try to get 25 pips a week. Yeah 25 pips |
| 454 | 01:19:14,130 --> 01:19:22,890 | a week and if you're risking 2% each trade, it builds up nicely. I shared a spreadsheet it did all the math for you. Oh, here we go. Spreadsheets. Okay, go |
| 455 | 01:19:22,890 --> 01:19:35,880 | back to Friday and show you what, see what I did. I outlined it in detail where the levels we're going to be where it's going to go. Inside Day why happened? |
| 456 | 01:19:36,390 --> 01:19:45,360 | You thought I forgot about that. The likelihood of the market not going above Thursday's high and below Thursday's low on the last trading day is highly |
| 457 | 01:19:45,360 --> 01:19:53,340 | likely to stay inside the range. So it's going to stay inside the range is going to be what an Inside Day. No new positions we're gonna be pushing the range |
| 458 | 01:19:53,340 --> 01:20:02,790 | beyond Thursday's high or below Thursday's low. So right away we have adjusted our mindset to that We are not looking for a big breakout move, because it's not |
| 459 | 01:20:02,790 --> 01:20:10,770 | likely to occur. Why? Because it's the last trading day of the year, it's Friday. And we're in the middle of a small consolidation on the daily chart |
| 460 | 01:20:10,800 --> 01:20:26,520 | Anyway, go look at your chart, you're looking at charts I shared, you'll see that. Now that idea of looking for an Inside Day forces us to do what trade with |
| 461 | 01:20:26,550 --> 01:20:36,690 | internal range liquidity. So that means we have to work within the previous day's high in the low. And then anytime we take a trade, and we trade outside of |
| 462 | 01:20:36,690 --> 01:20:47,280 | a new range, what does that mean? All the levels that I gave you going through the daily, the four hour, the 60 Minute, the 15 minute and five minute charts, I |
| 463 | 01:20:47,280 --> 01:21:00,600 | gave you all the fair value gaps, the discount low and the premium high each one and I took you top down into the smallest five minutes for your beta. Now your |
| 464 | 01:21:00,600 --> 01:21:10,110 | charts probably don't have it extended through to the pm session. Take those ranges, extend them all the way into the three o'clock into four o'clock. And |
| 465 | 01:21:10,110 --> 01:21:23,940 | then look at where I was buying. Look at where my stop loss was one tick stop loss. I was not worried about that coming down and hitting my stop loss. Why? |
| 466 | 01:21:24,630 --> 01:21:31,410 | Why was I not worried about and why did I go in and buy more when it went down to the bottom of that fair value gap on the five minute I'm sorry, on the one |
| 467 | 01:21:31,410 --> 01:21:40,380 | minute chart, because everything was sitting on that 60 minute discount low the fair value gap look at look at the range on the 60 minute chart. And where I |
| 468 | 01:21:40,380 --> 01:21:50,340 | drew out on those charts that I shared on Twitter. The discount low that fair value can extend that through into three o'clock and four o'clock hour. And then |
| 469 | 01:21:51,840 --> 01:22:00,840 | at that minute hearing, I want to say anything incorrectly. If you look at the 11 minutes after three, everything your charge should be on New York time. Okay? |
| 470 | 01:22:01,410 --> 01:22:09,540 | So if you see me doing premeditated all these conversations I showed that I click on New York showing you this isn't New York time make sure your charts |
| 471 | 01:22:09,540 --> 01:22:19,020 | look like this. Because our conversation I'm having right now, which I had planned all this stuff. Look at the 11 minutes after three. Okay, and it fits on |
| 472 | 01:22:19,020 --> 01:22:35,460 | New York time, it's going to be 1511 to 1513. That's your one minute fee right. Now, if you look at the low on a one minute chart at 1525 1527 and 1530, |
| 473 | 01:22:35,940 --> 01:22:44,250 | respectively, and local New York time, that would be three o'clock, 25 minutes after three o'clock, 27 minutes after three o'clock, 30 minutes after those |
| 474 | 01:22:44,250 --> 01:22:57,300 | three lows went exactly to the low of that one minute fair I got it did not need to go beyond that. Because we've already rested on the 60 Minute discount, lower |
| 475 | 01:22:57,300 --> 01:23:11,340 | the fair value cap on our HR. We consolidated in that larger fair value gap in that 15 minute timeframe. And I layered all those fair value gaps. So in |
| 476 | 01:23:11,340 --> 01:23:22,920 | layman's terms, this is what was going on. The market dove deep after my trade in the morning, getting the five handles knowing full well by doing that, it |
| 477 | 01:23:22,920 --> 01:23:31,500 | would set the stage for trolls to say five handles hahaha they're not getting five panels consistently. But this is continuing our conversation. Five panels |
| 478 | 01:23:31,500 --> 01:23:38,760 | is enough for you to make lots of money. Lots and lots and lots of money you can make all kinds of all the money you ever need or want can be made on five |
| 479 | 01:23:38,760 --> 01:23:51,900 | handles. So don't be discouraged by me or other people showing beyond five handles. You have to have something that you can reach for that's realistic. So |
| 480 | 01:23:51,900 --> 01:23:58,860 | what happens if you get five handles? Trust me, I know I'm going to continue on with the whole, why not get stopped out. But I have to make this point here. |
| 481 | 01:23:59,130 --> 01:24:09,870 | Like I said, I've got notes, folks, I'm not going to leave anything untouched. Five handles can be done. One time a day easily. You can really do it every |
| 482 | 01:24:09,870 --> 01:24:20,040 | session. Morning, afternoon. Morning, afternoon. Morning, afternoon. Morning, afternoon. morning afternoon. That's 10 trading opportunities per week. If you |
| 483 | 01:24:20,040 --> 01:24:31,620 | can nail down five handles, how many handles is that over the week? 50. Now, what if you aim for 50 But you just average around 25 Because you're learning |
| 484 | 01:24:31,620 --> 01:24:44,250 | and you're and your strike rate not my your strike rate is 5050 Are you failing? No. No, your goal your model is to aim for that. I have a model that I'm looking |
| 485 | 01:24:44,250 --> 01:24:56,850 | for. When I was well not trading actively Forex now but I was looking for 50 to 75 pips every single week. I could do lots more clearly, but it was easy for me |
| 486 | 01:24:56,850 --> 01:25:02,970 | to do it and doesn't put pressure on me. And I have lots of ways to get it. I can get For one setup, I can do one shot one kill. If I don't get the one shot |
| 487 | 01:25:02,970 --> 01:25:09,510 | one kill me because I was either not on the charts or I didn't do it right or I just missed the opportunity, whatever, then I had to break that up over the |
| 488 | 01:25:09,510 --> 01:25:18,480 | course of one other trading day or multiple trading days or trading sessions, and not forcing myself to go in there and try to squeeze an unrealistic |
| 489 | 01:25:18,480 --> 01:25:27,360 | expectation of 50 to 75 handles from a day that isn't likely to move that much, which is the point of what Friday's discussion was in the morning. last trading |
| 490 | 01:25:27,360 --> 01:25:40,350 | day of the year, E Mini s&p, it's going to be inside day, it proved to be an Inside Day. Now, if you can get those five handles one time a day, and you trade |
| 491 | 01:25:40,350 --> 01:25:49,560 | Monday through Friday, and you don't get caught up in trying to keep up with everybody else on YouTube, or whatever other medium out there that's gonna lull |
| 492 | 01:25:49,560 --> 01:25:57,150 | you into thinking that you need to be doing more because they're still doing something, oh, this guy already caught 1010 handles over here, I gotta get in |
| 493 | 01:25:57,150 --> 01:26:08,070 | and do some work because it's really moving today. Stop, stop. This, the banks are open, from nine o'clock to five o'clock, Monday through Friday, unless it's |
| 494 | 01:26:08,070 --> 01:26:14,340 | a bank holiday. And it's money going in those fucking bank accounts all the time, people are gonna make a deposit and they're doing withdrawals. Just |
| 495 | 01:26:14,340 --> 01:26:21,780 | because that's all gonna do, you gotta run to the bank, you got more money to put in the bank, you got more money to pull out of the bank just because |
| 496 | 01:26:21,780 --> 01:26:29,700 | everybody else is doing it, stop trying to do things because you see business as usual everywhere else. That's them doing their thing. You're running your |
| 497 | 01:26:29,700 --> 01:26:41,910 | business, your business has business hours. What is it 830 to 1030. If you stay inside those two hours, I promise you, all the bullshit you're struggling with |
| 498 | 01:26:42,030 --> 01:26:53,250 | will go away. And if you just wait to the last hour, three o'clock to four. That's it. There's your three hour work week, do one scanning and one particular |
| 499 | 01:26:53,250 --> 01:27:02,820 | day, a medium impact news event or a high impact news event? You look 830 to 1030 in the morning, if you can't find their way to the afternoon, especially if |
| 500 | 01:27:02,850 --> 01:27:11,760 | the morning is shit, you're probably gonna have a really good pm session, something will happen real easy, because it likes to give the smart money but |
| 501 | 01:27:11,760 --> 01:27:18,690 | cookie, it being the algorithm. So I'm dropping all kinds of diamonds in here, folks. And if you're not taking notes, man, you're really wasting the |
| 502 | 01:27:18,690 --> 01:27:25,830 | opportunity. It's been recorded in case you can't be here the whole time. But just, you know, just know that this is some really good shit, I would have paid |
| 503 | 01:27:25,830 --> 01:27:33,660 | money for this stuff coming up. I actually did lots of it and lost lots of money in accounts learning this shit. So but five handles, if you do that every single |
| 504 | 01:27:33,660 --> 01:27:37,680 | day, that's 25 handles a week. So you can do |
| 505 | 01:27:39,000 --> 01:27:47,820 | the approach of looking for a trade a swing trade of 25 handles to aim for it. And if you can't find it, if you're not skilled to be able to find that move |
| 506 | 01:27:47,820 --> 01:27:59,760 | like that on an hourly chart or four hour chart, no problem. Break it up. What happens if you get to 12 and a half handle news. There's nothing wrong with |
| 507 | 01:27:59,760 --> 01:28:07,650 | that. You can find that on a 15 minute chart. But what happens if you don't have that much skill to do it like that either. And you're you're really trying to do |
| 508 | 01:28:07,650 --> 01:28:13,980 | that one minute chart, because you don't like to be in there too long. You want to get in there to your surgical strikes, and get out because you're scared and |
| 509 | 01:28:13,980 --> 01:28:23,700 | you haven't built up enough confidence and I understand no problem. Go for five. Personally, I go five and a quarter Caleb, that's his model. He does five and a |
| 510 | 01:28:23,700 --> 01:28:30,420 | quarter. So once he gets five a quarter, he's done. He's not looking at the charts anymore. He's done. And I can't I can't get him to sit with me anymore |
| 511 | 01:28:30,420 --> 01:28:37,890 | after that. Once he's done. He's done. Like, no, my sister, Dad, I'm done. I'm like, but I want to show him some more shit. He's like that you told me I'm |
| 512 | 01:28:37,890 --> 01:28:52,410 | like, I know. But I just love this shit. I want to see this. But I get I get really passionate about it. And even though he's still growing in his |
| 513 | 01:28:52,410 --> 01:29:02,100 | understanding, I want him to be sick, like a monster. Like I want to take what I have in my head and put it in him and with his youth. And he has a lot of the |
| 514 | 01:29:02,100 --> 01:29:11,880 | things that I have to like, you tell him no, he's gonna find a way to do it. You tell him you can't. He can't he's gonna find to always he can't. So that I know |
| 515 | 01:29:11,880 --> 01:29:26,340 | if I can instill what I know. In Him. He will make me look like a neophyte because he has the time doing more of what I already know. It just it's very |
| 516 | 01:29:26,340 --> 01:29:36,060 | hard for me to manage it because I don't want to push too hard and drive him nuts but also don't want to be so hands off that he limits himself you know what |
| 517 | 01:29:36,060 --> 01:29:47,400 | I mean? So it's like an ICT and dad competing to be the better of the each you know, I want to be the best dad. I can by not forcing it on him. And I want to |
| 518 | 01:29:47,400 --> 01:29:56,520 | be typical me ICT where I want to cram it down your throat and it's over and over and over and over again too much and you know you're choking on it. And |
| 519 | 01:29:56,520 --> 01:30:08,880 | you're gonna have my way, you know, so it It's very hard for me to manage that. So. But as a five handle trader, that's a realistic expectation for you to have. |
| 520 | 01:30:09,300 --> 01:30:18,570 | And if you're really, really new by doing tape reading, you can grow in your confidence and say, Okay, I see a setup that might yield five handles. But what |
| 521 | 01:30:18,570 --> 01:30:27,420 | happens if I don't win and I get into, and I get out with two in three quarters, and I just get out, and I watch it, go to five. And then I do the same thing in |
| 522 | 01:30:27,420 --> 01:30:35,670 | the afternoon. Guess what that is? It's five handles, and you don't have that much time in the marketplace. It lets you get in, get out it reward you. And you |
| 523 | 01:30:35,670 --> 01:30:46,740 | grow in your confidence. Is there something wrong with that? No, not if you are so new, as a trader, that your experience level doesn't permit you the |
| 524 | 01:30:46,740 --> 01:30:58,200 | confidence or comfort, let's say it that way to be in the risk that's associated with being in the market live. So you, you put your toe in the water, you feel |
| 525 | 01:30:58,200 --> 01:31:08,730 | if it's too hot, if it's too hot, it's moving around real quick. You go in, get your two and three quarters move, and then bail out and watch to see if it goes |
| 526 | 01:31:08,790 --> 01:31:17,220 | to five handles. If it does, you grow in your confidence, okay, if I just would have held on to it, it would have done that. Not thinking, Oh, I wish I would |
| 527 | 01:31:17,220 --> 01:31:26,370 | have held on to it. Why did I do that? No. See, it's how you log in journal, you retain the positives, and you don't record in the negative stuff. Because when |
| 528 | 01:31:26,370 --> 01:31:36,720 | you record it in your journal negative, your subconscious retains that and you anchor a toxic event around something you're trying to grow as a positive |
| 529 | 01:31:37,080 --> 01:31:46,020 | investment for your life. So you're shooting yourself in the foot, basically, you're trying to turn something you been motivated to do for a positive thing, |
| 530 | 01:31:46,050 --> 01:31:56,100 | you're turning it toxic without realizing it. So that's why you're, you're sugarcoating all of your journal experiences. You want it to be a love story to |
| 531 | 01:31:56,100 --> 01:32:06,000 | yourself, you're writing a love note to yourself every trading day. And you're doing it through charts, you're showing charts, and you're putting little I love |
| 532 | 01:32:06,030 --> 01:32:15,570 | what I'm doing. This is great that I can see this, and you're retaining that your brain loves that kind of stuff. Your brain loves it, it releases chemicals |
| 533 | 01:32:15,570 --> 01:32:27,780 | into your body that remembers it better than just the static memory of it alone. Think about it. When you went to a movie, maybe you've already seen this movie, |
| 534 | 01:32:27,810 --> 01:32:40,890 | okay. And you went there, and you saw it with your friends. He saw is alright. Okay, and you're meeting this girl, or significant other? And he said, Hey, |
| 535 | 01:32:40,890 --> 01:32:47,610 | look, you know, I really would like to see this movie, you're thinking, Oh, fuck, I've already seen this movie. All right, well, they want to go, I don't |
| 536 | 01:32:47,610 --> 01:32:55,740 | want to be a jerk. Let's just go with them. And you go to the movie, and you have a great time. They're holding their hand. And they're the experience there. |
| 537 | 01:32:55,770 --> 01:33:06,210 | And now all of a sudden, that movie has a positive attachment to your memory. Versus so it was alright. Now, you got something, it's nice to you that smells |
| 538 | 01:33:06,210 --> 01:33:18,540 | next to you. It's like beautiful. It just it's a totally different experience. And now you add to it, what? All the embellishments of what happens after the |
| 539 | 01:33:18,540 --> 01:33:27,510 | movie. Without being crude. It doesn't necessarily mean the bedroom either going to a dinner, taking a walk and saying that was a great movie. I love having time |
| 540 | 01:33:27,510 --> 01:33:36,480 | with you. All those things are positive things that you're remembering when you break up with people is painful as it is to think about the things that caused |
| 541 | 01:33:36,480 --> 01:33:46,050 | that breakup. When you're not with them. And they come to mind, what do you think of, I miss them when I used to do this with them. And you miss that you |
| 542 | 01:33:46,050 --> 01:33:56,760 | ache because you need what a positive memory about that moment with that person. And when every time you think about that song when it comes on. That's why it |
| 543 | 01:33:56,760 --> 01:34:06,390 | hurts. Because you can't plug into that good feeling anymore. You've been cut off. So you don't ever want to invite that shit in your journaling. Journaling |
| 544 | 01:34:06,390 --> 01:34:14,550 | is always positive. You never ever, ever say anything negative in your journaling, ever. Even if you did something wrong. You say okay, this was an |
| 545 | 01:34:14,550 --> 01:34:24,180 | amazing opportunity for me to get the insights for when the market does this. You see what I just did there? I discharged in this armed any possible chance |
| 546 | 01:34:24,180 --> 01:34:34,170 | for me to look at that losing trade, or an idea that I felt would have panned out in the marketplace. That was perfect example CPI. You saw two instances |
| 547 | 01:34:34,170 --> 01:34:41,610 | where I cosign I didn't have to do it, but I wanted to prove to you this is what I would expect right now. And it didn't do it. It just went right up the other |
| 548 | 01:34:41,610 --> 01:34:51,210 | way. Or other way, though, you know, going down. There was another time earlier in the summer, where I did it where Caleb was right next to me. And literally |
| 549 | 01:34:51,990 --> 01:35:06,300 | literally was like wow, so quick. But that same instance, I was right about it but wouldn't touch it. So that speed of movement and price action on those types |
| 550 | 01:35:06,300 --> 01:35:15,420 | of events, if you're wrong, the way you disarm that is okay. This is why we don't trade ahead of the CPI number because it's too violent, it's too one |
| 551 | 01:35:15,420 --> 01:35:25,500 | sided, and it's unforgiving. You can't trade your way out of it. You can't fix it. When the damage is done. It's like a neutron bomb, just boom, it's gone. All |
| 552 | 01:35:25,500 --> 01:35:35,220 | living organisms are decorated. Everything else looks the same, except for any living organism has gone. So you don't want to you don't want to thank What's |
| 553 | 01:35:35,220 --> 01:35:45,330 | your your trading career on one training event like a CPI number. And you don't also want to stifle your development by recording highly emotional negativity in |
| 554 | 01:35:45,330 --> 01:35:55,980 | your journal entries. And it's easy to do you feel like you want to do it. Don't Don't go on social media and complain either. Stupid selling so far, I made a |
| 555 | 01:35:55,980 --> 01:36:06,840 | stupid mistake, I fucked up doing this doing that. When you do that, you release it. And it comes out of you. You think you let go of it. But your subconscious |
| 556 | 01:36:06,840 --> 01:36:15,930 | has got a lifeline to that. And it's anchored to your subconscious and you will not cut it off. And the next time you get in the marketplace, what's going to |
| 557 | 01:36:15,930 --> 01:36:25,620 | happen is alright, I'm getting in a trade Oh shit, you know, this feels like that last time it did this and this and this, and I took a bigger hit than I was |
| 558 | 01:36:25,620 --> 01:36:33,270 | supposed to. I'm scared. Now you're worried about having a repeat of that same toxic event. That's normal with trading, you're gonna have a losing trade, |
| 559 | 01:36:33,840 --> 01:36:41,370 | you're gonna do something wrong. It's normal. Okay, every one of us is doing it wrong. Okay, every single one of us is going to have that. It doesn't mean you |
| 560 | 01:36:41,370 --> 01:36:49,200 | can't trade it doesn't mean you're not profitable doesn't mean you have a good system or not a good system. It just means that you're human. But when you get |
| 561 | 01:36:49,200 --> 01:36:59,400 | in that trade, and now you're starting to think about that other time when that when I was at bandcamp. And, you know, I mean, that whole bad experience. No, |
| 562 | 01:36:59,400 --> 01:37:09,990 | I'm not trying to make anybody that went to banking. But no, I didn't go to pen camp. But if you look at the logic of referring back to another trade, while |
| 563 | 01:37:09,990 --> 01:37:20,070 | you're in that trade, are you managing that trade? No, you're managing fear about another trade that you can't make more on or lose more on. So your mind is |
| 564 | 01:37:20,070 --> 01:37:30,900 | divided. So the way you avoid all that shit, is not to give it any energy in your journal, II take every experience, positive or negative, profitable or |
| 565 | 01:37:31,020 --> 01:37:39,810 | negative loss, and you make it an instructive, positive installment in your development. When does your development stop? When you're dead? |
| 566 | 01:37:41,250 --> 01:37:49,290 | I'm improving myself. Day by day, week by week, I'm a better mentor today than I was when I first started teaching as a young man before I should have been |
| 567 | 01:37:49,290 --> 01:37:59,130 | teaching. I'm not the best. And in fact, I know I'm not the best mentor, I'm not. My trading is the best and my ability to read prices the best, but I'm not |
| 568 | 01:37:59,130 --> 01:38:07,470 | the best teacher. I wish I was better than I am. And I'm trying to be better than I am. But, you know, I guess we'll find out if this is an improvement in |
| 569 | 01:38:07,470 --> 01:38:21,300 | 2023 or not, but that five handles is plenty. And you can split it up and make your whole 25 handle career, or multiple trades or one individual trade in the |
| 570 | 01:38:21,300 --> 01:38:29,700 | morning, that gets five candles, you're done for the whole day. That releases you from all of the expectations of being in front of these charts longer than |
| 571 | 01:38:29,700 --> 01:38:40,290 | it's necessary, which is good, you want to limit that. So if you get your trade or five handles when you're first starting out, turn the charts off. Look at |
| 572 | 01:38:40,290 --> 01:38:50,850 | everything afterwards. In hindsight, don't be lured into doing more. Because something moves around quick. You don't want to add to what's already been given |
| 573 | 01:38:50,850 --> 01:39:01,230 | to you. And that's your goal. Stop. That's what profitable trading is having a goal, a business model, okay. We call it a trading model, but it's a business |
| 574 | 01:39:01,230 --> 01:39:09,810 | model. You know, footlocker don't go out there and say, You know what we're doing so well. selling shoes. We need to get into the fucking pizza business. |
| 575 | 01:39:09,840 --> 01:39:19,590 | Let's start selling pizzas and burritos. Because who wouldn't want to fucking footlocker burrito, right? That shit don't work. Okay, you're not going to upset |
| 576 | 01:39:19,590 --> 01:39:28,320 | the model that works for them. Okay, and vice versa, you have a model, you sit down, you've done all the work. You built yourself up you learning this and now |
| 577 | 01:39:28,440 --> 01:39:36,090 | you settled in, you're gonna look for five handles in the E Mini s&p or the NASDAQ. One or the other. I'm preferring ES and I think you should do that too. |
| 578 | 01:39:36,570 --> 01:39:45,060 | If you want to go into MQ later on, when you have more mobility, that's fine. But when it moves fast, it can be wild and it can hurt you. It's a little bit |
| 579 | 01:39:45,060 --> 01:39:53,370 | more chaotic. So just be mindful that don't be afraid of it. But in the beginning, respect it because if you don't know you're doing it can sting you. |
| 580 | 01:39:56,130 --> 01:40:05,910 | But you want to have that that business model of Knowing when are you going to stop? So you're not going to live streamers all the time, I'll ask him, I say, |
| 581 | 01:40:05,910 --> 01:40:15,180 | hey, look, I asked this of trades by Matt, I asked it by chords, I asked it by two other YouTubers. And they ignored me and extended why they don't want to, |
| 582 | 01:40:15,420 --> 01:40:21,600 | they don't want to talk to because they think I'm in there, you try to make fun of them. I'm not I respect anybody that's done on live stream, I would never go |
| 583 | 01:40:21,600 --> 01:40:29,580 | in there and try to be disruptive about anything like that. Because the more it takes a lot of focus, and it's a dick move and to I can fucking respect the fact |
| 584 | 01:40:29,580 --> 01:40:38,580 | that they're doing it. Because there isn't a lot of people that are willing to get out there and literally live stream. So that's that is ballsy in anybody |
| 585 | 01:40:38,580 --> 01:40:47,520 | that does it, yeah, that they get my respect. Even if they blow up all the time, and blow their accounts and go to maximum loss multiple times that same week, |
| 586 | 01:40:47,610 --> 01:40:59,430 | it's still respectful that they do it. I want to ask them questions like, hey, you know, when do you stop? What draws the line in the sand? Say, Okay, I'm not |
| 587 | 01:40:59,430 --> 01:41:10,380 | trading anymore. Today, I've done enough, either because of the loss or the win? Like, how, how do you get to the point of contentment, where you no longer feel |
| 588 | 01:41:10,380 --> 01:41:17,610 | that it's needed for you to be in from the charts? Have you been considered that? In your development in your, in your building of your trading plan? |
| 589 | 01:41:19,200 --> 01:41:30,900 | Because it's easy to see, oh, it's early. I've already got my 10 handles for today. That's two days work. That's two days of work. You What do you think |
| 590 | 01:41:30,900 --> 01:41:38,280 | you're gonna go in here again, because that's exactly what you're gonna do. You're gonna think the markets on fire, you're gonna push your edge until it's |
| 591 | 01:41:38,280 --> 01:41:48,090 | dull, and he lost what you make, and more. Plus commissions. Don't you feel smart. Twitter can get you hurt by people that don't want to talk you're talking |
| 592 | 01:41:48,090 --> 01:42:02,310 | about your business model is only profitable when you follow it. Your trading plan is only profitable when you follow it. Your wife, your husband, your |
| 593 | 01:42:02,310 --> 01:42:09,990 | significant other, your children, your dependents, your best friends, your co workers, your boss, and ICT, we're not going to be there to help you press the |
| 594 | 01:42:09,990 --> 01:42:19,350 | button and manage it until you want to stop. That's personal responsibility. And all of that rests on your shoulders. And if you're not in tune with the things |
| 595 | 01:42:19,350 --> 01:42:30,450 | that will lure you into dumb shit. Gambling, going in there one more time. You got a good day, you made $1,000 You didn't try to make 1000 hours it just just |
| 596 | 01:42:30,450 --> 01:42:39,180 | happened. Celebrate your hands. Don't look at that as Oh shit. I'm way better than I thought it was fuck. I've been thinking about this all this time thinking |
| 597 | 01:42:39,180 --> 01:42:47,460 | I wasn't that great. Look how good I am. I'm gonna go through and do this five more times. Because shit at $6,000 He doesn't want to 6000 hours a day. And then |
| 598 | 01:42:47,460 --> 01:42:59,940 | all of a sudden you're looking at your account, it's gone. I've done it. I've done it. Okay, so you have to know when you're gonna pull the plug. And we're |
| 599 | 01:42:59,940 --> 01:43:12,870 | gonna talk about that real time and 2023 What changes the the landscape, if you will, of the chart that says you know what? It might move a little bit more, but |
| 600 | 01:43:12,900 --> 01:43:20,220 | I am not interested anymore. I'm done. And that's going to piss people off. Right? What Why did you and then you'll see them they'll come in afterwards. Oh, |
| 601 | 01:43:20,220 --> 01:43:30,630 | but look at this smooth here. You didn't take a not took this trade, good for you. Well done. Good for you. I'm not going to shoot that down. But Don't come |
| 602 | 01:43:30,630 --> 01:43:37,740 | at me because you found something that outside while I'm willing to take a trade on. That doesn't mean shit. It just means that you found the setup. And you |
| 603 | 01:43:37,740 --> 01:43:44,910 | engaged it well done. That's exactly what traders are supposed to do find an independent setup that they took on their selves. And they manage the risk and |
| 604 | 01:43:44,910 --> 01:43:56,100 | if it was profitable, great. The point is, I'm teaching people that don't know what the fuck they're doing. How do you go into this and do it right? How do you |
| 605 | 01:43:56,100 --> 01:44:06,780 | avoid all the likely pitfalls and snares that always trip up in the fight noose? new startups. You don't even know what you're likely to fall in a victim to? |
| 606 | 01:44:07,290 --> 01:44:15,180 | Because you're too new. You have no idea how you're going to hurt yourself. Because you've never done it before. You got to learn from somebody that's done |
| 607 | 01:44:15,180 --> 01:44:24,930 | those things to themselves and learn from them. Not. Yeah, just learn how to trade I'm funded. Let me show you how to fuck that. No way. No, no, no, no, no, |
| 608 | 01:44:24,930 --> 01:44:40,080 | no, no, no way. I don't want a new surgeon cutting on me. Okay, gotta get this guy's grace. He was the he was the highest in our class. The graduating class. |
| 609 | 01:44:40,080 --> 01:44:48,360 | You said he got the highest grades. This is his first operation of fuck it is now we're meeting. Goodbye. I'm out of there. See you later. Give me some old |
| 610 | 01:44:48,360 --> 01:44:55,230 | guy. Okay. Or old lady that's been doing it for a long time. I don't give a shit. Okay. She can they can shake their hands a little bit even. Okay, I'd |
| 611 | 01:44:55,230 --> 01:45:04,620 | rather have that and instead the person just came into school. No, thank you. You don't You don't have it yet, and that you cut me up. So, you when you're |
| 612 | 01:45:04,620 --> 01:45:16,650 | listening to someone that's teaching you, you don't want new experience teaching you. New experience is something to observe. You can appreciate it from afar, |
| 613 | 01:45:16,830 --> 01:45:29,280 | where it can't hurt you. But you do not allow that. To control any of your finances or to decisions they're off. Okay? Because as good as any mine, anyone |
| 614 | 01:45:29,280 --> 01:45:36,720 | might be, because when I first came out, you know, once I hit the ground running and, and got over the initial shock and awe of not knowing what the hell I was |
| 615 | 01:45:36,720 --> 01:45:46,680 | doing, I got a good look in the marketplace. And outwardly looking in, you would have thought I had everything figured out. And to be honest with you. I thought |
| 616 | 01:45:46,680 --> 01:45:55,380 | I did too, because the market has kept going on. And as a 20 year old, man, that's the worst thing you can ever happen is because now you think you, you |
| 617 | 01:45:55,380 --> 01:46:06,210 | figure it out. Let me be honest with you. I hate I load. I can't fucking stand when people call me the goat or the king. Okay? And please don't ever refer to |
| 618 | 01:46:06,210 --> 01:46:14,550 | me as a god. I'm not pisses me off. If I see it. I'm gonna delete you and ban your account. Okay, I don't think it's funny. I don't think it's cute. It pisses |
| 619 | 01:46:14,550 --> 01:46:27,570 | me the fuck off. So why? Why do I have this? disdain for that? Number one, everybody else wants to be called that and undeservedly. I believed I was when I |
| 620 | 01:46:27,570 --> 01:46:52,560 | was 20 I believed I was in a nine months of luck. Gone instantly. Reality check, you know, in 1983 Was that year? Yeah, it sucked on a lot of ways because it |
| 621 | 01:46:52,560 --> 01:47:03,510 | bursted a bubble in me that I thought was ballooning up. In the reality of in weight of everything came crashing down on me, when I realized that I could not |
| 622 | 01:47:03,840 --> 01:47:18,030 | trade as well as I thought I could have. And I struggled with my online persona. Because, you know, here I was an inner circle trader in the making. But then I |
| 623 | 01:47:18,030 --> 01:47:31,050 | was ox. Oh, X. Okay, that's it. That was my moniker on on America Online. And as a young man with a chip on his shoulder, that neither one of my parents were |
| 624 | 01:47:31,050 --> 01:47:32,940 | able to show an interest in me. |
| 625 | 01:47:34,830 --> 01:47:42,570 | I felt like I had to prove, constantly prove prove true. And I know a lot of you get pissed off, like, do YT prove trying to prove prove, prove? Listen, as much |
| 626 | 01:47:42,570 --> 01:47:50,460 | as you might be meaning to be nice about that. And some of you also are being dicks about it. Because, like, do we get it? You're not going to fix me? Okay, |
| 627 | 01:47:50,490 --> 01:47:58,380 | so stop trying to Mother me. Don't tell me that. You stop trying to prove okay, because I'm gonna tell you fuck you. Okay, because it's built into me. It's a |
| 628 | 01:47:58,380 --> 01:48:10,020 | scar. I can't fix it. I know, I'm never going to satisfy it. But I can't stop being this way. Because it's an assault. It's obsessive. And I wrestle with it. |
| 629 | 01:48:10,050 --> 01:48:16,020 | See, the people that casually come into my Twitter and they see this kind of stuff, whether it be hate radio, listen to these tweets, or not tweets, but |
| 630 | 01:48:16,020 --> 01:48:22,500 | these sort of spaces, and they want to do a psychological evaluation on me. Okay, fuck your psychological evaluation. Okay, I don't give a fuck about your |
| 631 | 01:48:22,500 --> 01:48:29,640 | assessment on me. Okay, you're not gonna fix me. You're not going to change me. I don't give a fuck if you want to follow I don't care. I'm here to share what I |
| 632 | 01:48:29,640 --> 01:48:37,320 | know. If you don't like what the fuck I'm saying get up the fucking road. I'm not charging you. But don't try to give me your psycho evaluation babble |
| 633 | 01:48:37,320 --> 01:48:48,240 | bullshit, because none of that is going to do anything except for pissed me off. And then I'm going to new cut you off and take an opportunity for you to become |
| 634 | 01:48:48,240 --> 01:48:56,670 | better at something and I'd remove it from you. Now you could start another account, that's fine. But what generally happens is they get pissed off saying |
| 635 | 01:48:56,670 --> 01:49:02,610 | this guy's an asshole and arrogant piece of shit. I don't give a fuck about him and, and then they join the bandwagon of other people and other channels. And |
| 636 | 01:49:02,610 --> 01:49:12,330 | he's like, yeah, he's an asshole. Okay, whatever. You I'm still sleeping this way. And you ain't changing it. But when I was 20, I felt like I was the |
| 637 | 01:49:12,360 --> 01:49:23,340 | greatest of all time, the goat. That was stupidity. It's dumb. There is no fucking goat in trading, okay, there is no goat. There is no kings. Everybody in |
| 638 | 01:49:23,340 --> 01:49:32,910 | here makes and loses money. But nobody is as precise as me. And that does not make me the greatest of all time. It just makes me blessed. I know where it came |
| 639 | 01:49:32,910 --> 01:49:50,010 | from. I know whose hand it is. And I don't deserve it. So we'll, we'll leave it at that and that turned into a Bible study. But when you go beyond the scope of |
| 640 | 01:49:50,010 --> 01:50:00,540 | five handle model, and you open yourself up to letting the trades run, what you'll find is you'll take half off at five handles and let it run Do a higher |
| 641 | 01:50:00,540 --> 01:50:08,190 | timeframe objective for what would that be like? Well, yesterday, we got I knew the detractors out there, that would take what I say, and say, Okay, five |
| 642 | 01:50:08,190 --> 01:50:20,850 | handles five handles, you know, that's all you can do. I'm trading hundreds of handles, my examples are hundreds of handles. Okay, so that's 400 ticks, not 20 |
| 643 | 01:50:20,850 --> 01:50:28,950 | and 30. Ticks and content superiority, it's not, it's a growth period, you don't have to go through, nobody's gonna walk out there watching a YouTube video from |
| 644 | 01:50:28,950 --> 01:50:37,020 | ICT or anybody else, and know how to consistently find 100 Plus handle moves in the indices, you didn't, you're not, you're not going to be able to do it, |
| 645 | 01:50:37,020 --> 01:50:46,110 | you're gonna be scared. And that's normal. And you see a lot of educators because I know I see him, they talk a lot, a big game about knowing this and |
| 646 | 01:50:46,110 --> 01:50:56,310 | knowing that they can do this, they can do that. But when you watch them, do the live streams, their stop placements are all erratic if they use any of them. And |
| 647 | 01:50:56,400 --> 01:51:05,070 | many times their stock is opening ourselves up to bigger risks. And they're trying to get like two handles, or three handles, to me that communicates what |
| 648 | 01:51:05,190 --> 01:51:15,660 | they have no idea what the fuck they're doing. So they have no business teaching anyone. So the logic is flawed, it's lacking. So you have to choose your source |
| 649 | 01:51:15,840 --> 01:51:27,810 | very carefully. If they can't show that if they can't collectively bring together a logic and only frame the trade ideas in that logic, and use a stop |
| 650 | 01:51:27,810 --> 01:51:37,590 | loss and manage a stop loss the same way each and every time. Then they don't know how to do what follow a model. They're not disciplined. And they're not |
| 651 | 01:51:37,590 --> 01:51:51,090 | aiming for something like look at the examples I'm showing you. Four to 110 to 112, the one you can afford to get those losing trades when you're aiming for |
| 652 | 01:51:51,090 --> 01:51:58,590 | things like that. But you can't go out there looking for those setups right away, because you have to grow into your understanding about what it is the |
| 653 | 01:51:58,590 --> 01:52:13,290 | markets are doing. How do you know that the the fair value gap wasn't going to close ICT? The fact that when you're looking for the 3864 level had prompted you |
| 654 | 01:52:13,290 --> 01:52:26,340 | on in the morning session yesterday, we had already drove deep from the opening at 938 ran up, return to the top of the fairway gap premium high. And you'll |
| 655 | 01:52:26,340 --> 01:52:34,800 | know what I mean by looking at your charts if you draw them up like I showed you in Twitter thread from yesterday's morning session. You didn't went down and |
| 656 | 01:52:34,800 --> 01:52:44,400 | dove down made a little the morning. Remember, it's gonna be an Inside Day? Was the Thursday low likely be taken out? No. Why is the last trading day of the |
| 657 | 01:52:44,400 --> 01:52:52,380 | year new money's gonna be pushing anything in the markets already been going down so no new shorts are entering. So it's setting up the likelihood of what a |
| 658 | 01:52:52,380 --> 01:53:03,120 | pm session reversal and short covering and the algorithm will reprice aggressively causing more what? More short covering everything I outline and |
| 659 | 01:53:03,120 --> 01:53:13,950 | typed out in that trading view text. So what's going to aim for the level I showed you in the chart I put a little trendline on. I said make your chart look |
| 660 | 01:53:13,950 --> 01:53:25,680 | like this. Go back and look at the tweet. I can't delete it. I can't edit it, I can do anything. 10s of 1000s of people watched it happen. Right? When I did it |
| 661 | 01:53:26,010 --> 01:53:36,780 | more later on in the day. Extend that lie on the time into three o'clock hour? Where does it go? regress that was gonna fucking go 36 Before by side liquidity. |
| 662 | 01:53:37,650 --> 01:53:51,240 | When do you expect it to set up Michael, the last hour of trading pm session. Why that last hour, the algorithm is going to run a series of macros macros are |
| 663 | 01:53:51,240 --> 01:54:05,280 | a short list of commands and orders that it produces fluctuations in price. Market on close orders are going to be a major driver. And one of those macros |
| 664 | 01:54:05,280 --> 01:54:19,170 | are just that it's the last 20 to 25 minutes, specifically 15 minutes, that it'll kick in. And it's going to run for a pool of liquidity. above or below the |
| 665 | 01:54:19,170 --> 01:54:26,670 | marketplace. All you have to do is do the work and figuring out why it should go to one or the other based on narrative narrative is what I outlined yesterday, |
| 666 | 01:54:26,940 --> 01:54:35,730 | the fact that it was going to be an inside day before it was an inside day before the market even opened up. Knowing that when I left you in the morning |
| 667 | 01:54:35,730 --> 01:54:47,670 | session, I said note the relative equal highs on your hourly chart. 3864 because somebody asked later on. Did you mean this? And I corrected everybody by putting |
| 668 | 01:54:47,670 --> 01:54:56,550 | it right on the same tweet when I said note those relative equal highs on your 60 minute chart. In that tweet I replied to my own tweet and said 3864 dot dot |
| 669 | 01:54:56,550 --> 01:55:08,490 | dot. That way there was no miscommunication what's So ever even though you had it drawn out in your chart in the morning session before the market even started |
| 670 | 01:55:08,490 --> 01:55:17,760 | trading. So all those levels in the sphere bank gaps extended through in to the three o'clock to four o'clock hour because the algorithm is doing the same |
| 671 | 01:55:17,760 --> 01:55:26,430 | thing. It's referring back to those levels, not your old lows and your old highs and classic support and resistance and bullshit trend lines. That does not work. |
| 672 | 01:55:27,510 --> 01:55:38,640 | Okay, you're not going to be able to hold a trade with a one tick stop with a diagonal trendline you will never see Forex trade like that, where you can hold |
| 673 | 01:55:38,640 --> 01:55:46,620 | up stock like that. That's why I laugh at all these young guys out there saying, I always use a one pip stop loss, I can do it, I can do it. You can do it on a |
| 674 | 01:55:46,620 --> 01:55:59,220 | fucking demo. You can do that. But do it with size in a real account. And I guarantee you consistently you'll never do it. But in futures, that is possible |
| 675 | 01:55:59,220 --> 01:56:11,400 | because these markets are much more refined. There isn't all of these different servers, everybody has the same high and low. So as some of you are thinking, |
| 676 | 01:56:11,400 --> 01:56:17,040 | Well, why the hell do you ever stop leaving? Why'd you leave that to go to Forex? Because for us was moving around a lot and that volatility really like |
| 677 | 01:56:17,040 --> 01:56:28,440 | man going over there I because I cannot I can cowboy up in that. But futures has always been highly precise way and probably now you just discovered how much |
| 678 | 01:56:28,890 --> 01:56:39,810 | precision really exists in it. And even I have people that used to trade on the floor at the CME and the cov CBOT their students here. And they have |
| 679 | 01:56:39,840 --> 01:56:50,940 | communicated that they have no idea how the fuck I'm doing this. Now, these are the four boys, these were the guys, these are the kings of the pit. And you |
| 680 | 01:56:50,940 --> 01:57:05,610 | don't think that that type of remark doesn't resonate with me. I know. I know that they have filmed they feel like they have hit the lottery here. Because |
| 681 | 01:57:05,610 --> 01:57:14,610 | they have real world experience trading down in there in all the fucking chaos. All the fucking chaos, screaming and hollering big days, shitty days, big |
| 682 | 01:57:14,610 --> 01:57:28,860 | updates, big down days crashes, they were in there, they were dealing with it literally in that transition from open outcry in the pits to go into electronic |
| 683 | 01:57:28,860 --> 01:57:30,300 | and they gotta now use a fucking chart. |
| 684 | 01:57:31,590 --> 01:57:39,390 | A lot of them couldn't do it. In fact, I got one floor trader that said I could not make money when we come off the floor. And now I'm able to do it now. |
| 685 | 01:57:39,540 --> 01:57:48,750 | Because of what you're teaching. It makes so much fucking sense. Yeah, these are the floor fucking traders, okay. You know, they do the pivot numbers and stuff. |
| 686 | 01:57:48,750 --> 01:57:57,960 | And that was their, that was their numbers. And then they watched everything else around the volume flow that would come in no charts in their hands. They're |
| 687 | 01:57:57,960 --> 01:58:11,370 | working with the number I came out of that era with them. I wasn't on the floor with them. But I was open outcry. That's the way things worked. Everything was |
| 688 | 01:58:11,370 --> 01:58:22,500 | slow. Now it's a push of the button. Instant gratification instant fill instant confirmation. Everything's instantaneous. We didn't have that shit, man. You had |
| 689 | 01:58:22,500 --> 01:58:28,590 | to call up and wait. Sometimes if you got a busy stock and signal you're flipping the fuck out because the markets running to your stop and you want to |
| 690 | 01:58:28,590 --> 01:58:35,520 | get the hell out of it. Or you're stupid. Like I was a couple times and didn't have a fucking stop. And I'm like, fuck, I'm gonna get my ass handed to me. And |
| 691 | 01:58:35,610 --> 01:58:44,430 | they won't answer the phone. What's going on here? Or I call them flipping out and they say okay, you know, Lou mall Doc, you can take your call each desk. |
| 692 | 01:58:44,430 --> 01:58:51,150 | Okay, one second. Ah, desk. How can I help you? account number? Okay, what's your pin and you give him the wrong pin. It's not the right font right now. It's |
| 693 | 01:58:51,150 --> 01:58:58,590 | not the right pin, and you're giving them the fucking price you're trying to get out at in soybeans. Yeah, it's all fucking manage. It can be like, it's crazy. |
| 694 | 01:58:59,010 --> 01:59:08,310 | Like in the whole time, the markets not waiting for you. It's not waiting for you. It's moving, it's moving. And then you gotta wait for them to confirm what |
| 695 | 01:59:08,310 --> 01:59:15,210 | you just told them. Because they got to repeat it because everything's being recorded. And then once you say yes, that's correct. They say you want to have |
| 696 | 01:59:15,210 --> 01:59:24,030 | your confirmation? Yes. Okay. The net sound of silence. And I'm looking at my quote track and I'm watching the fucking price. This keep on steamrolling |
| 697 | 01:59:24,030 --> 01:59:36,870 | towards where it's painful for me. That is the longest time interval that you're ever going to experience. And you don't have that now. You never experienced |
| 698 | 01:59:36,870 --> 01:59:51,000 | that. You young folks have no idea what that was like. None of you do. If you're if you're less than honestly, if you're less than maybe 4043 44 You don't know |
| 699 | 01:59:51,000 --> 02:00:00,240 | what that feels like. Because you probably came up in the beginnings of electronic trading and the way of the dinosaur open outcry and things like That |
| 700 | 02:00:00,240 --> 02:00:16,650 | that was falling away fast. But the reason why that fair value gap stayed open, I want you to think about your into the race car is funny cars, that real long |
| 701 | 02:00:16,650 --> 02:00:25,470 | skinny nose cars, and they raised them real quick, the lights need to go from like, yellow, yellow, yellow. I don't know if that's the right color, but then |
| 702 | 02:00:25,470 --> 02:00:32,430 | they go to green and they take off, they start running real quick. And they have to use parachutes in the back to stop them. Okay, think about a market like |
| 703 | 02:00:32,430 --> 02:00:41,670 | that. Okay. Think about what I've outlined yesterday on the morning session, and I left you with 3864. That was make sure you note that because that's where the |
| 704 | 02:00:41,670 --> 02:00:52,230 | markets gonna go. We go into the last part of the day pm session. And if you did, what I told you to do, make your charts look like what I had on mine. And |
| 705 | 02:00:52,230 --> 02:01:01,350 | extend them like I teach you in mentorship, extend them, we are not supply and demand. Okay, we're not Online Trading Academy, we're not SameSite. And we don't |
| 706 | 02:01:01,680 --> 02:01:11,520 | have an issue with cutting through candles because the algorithm looks through candles. Sorry, this is the way it is. So when you have an inefficiency, just |
| 707 | 02:01:11,520 --> 02:01:23,820 | because it closes that inefficiency in that's not balanced. It's not a balanced, void. Okay, it's just repriced, to the inefficiency, those levels of the high |
| 708 | 02:01:23,820 --> 02:01:33,600 | and low that makes it inefficiency will still be referred to by the algorithm. You see proof of it just by extending it through into the last hour of trading |
| 709 | 02:01:34,380 --> 02:01:51,900 | now at 311 to 312 to 313, New York local time, which would be 511 512 and 513. On New York time on trading view chart, one minute, there's a fair value gap |
| 710 | 02:01:51,900 --> 02:01:59,280 | there. And you see me drawing that in a little light blue, I took all the other fair value gas because they would have been too much. But I know it's gonna put |
| 711 | 02:01:59,430 --> 02:02:06,480 | a watermark on it. Because I know any type of trade like that, everybody's gonna put that on their Instagram and say join my signal service look, I can do that |
| 712 | 02:02:06,480 --> 02:02:14,430 | they're fucking assholes. So I hate the fact that I gotta do this, because I don't like seeing clutter up the chart. But if I don't do it, everybody takes my |
| 713 | 02:02:14,430 --> 02:02:23,820 | shit and pretends it's theirs. Because nobody is pushing buttons and having as much precision. So if you take that one minute fair value guy, notice how it |
| 714 | 02:02:23,820 --> 02:02:35,790 | just bangs the bottom of it, it does not need to come outside of that one minute per Vega. Because we've already touched the low end of the 15 and 60 minute, |
| 715 | 02:02:36,510 --> 02:02:50,100 | Vega. Once you're practicing what the hell they have to do with the funny cars and the racing, right? If you know the markets likely to go 30 to 64. And you |
| 716 | 02:02:50,100 --> 02:02:57,570 | know that likelihood is everybody's going to be squeezed out of their short positions, because the algorithms gonna start repricing higher, higher, higher |
| 717 | 02:02:57,600 --> 02:03:08,970 | spooling towards those Beisa liquidity pools that I've outlined on the chart at 54 If my memory serves incorrect, and then up at 64, okay, so the initial bias |
| 718 | 02:03:08,970 --> 02:03:18,450 | and liquidity that was the first draw, and what I'm waiting for, is I want to see speed, you'll see me say in there, I type it out, it's okay, you're gonna |
| 719 | 02:03:18,450 --> 02:03:25,290 | start seeing large range candles in the speed study the speed, you're gonna hear me talk about this and the live streams, you're looking for that that is a |
| 720 | 02:03:25,290 --> 02:03:32,670 | signature. What does that mean? It's something that you should be seeing in price. If it's not doing that, you're probably offside or it's going to |
| 721 | 02:03:32,670 --> 02:03:40,650 | consolidate longer and depend upon the time of day. If you're going into lunch, you want to cut bait, don't trade. But ICT we watched you trade in New York. |
| 722 | 02:03:40,650 --> 02:03:49,260 | That's me. I'm trading outside of what I've already been willing to share to you. I have other tricks and shit, I got all kinds of stuff. I got weapon gene |
| 723 | 02:03:49,260 --> 02:03:56,550 | never seen before. And I'm not going to share them all. I'm sorry. You can't have all my tech. I'm sorry. It's not You're not entitled to it. I'm not |
| 724 | 02:03:56,550 --> 02:04:09,570 | teaching everything I know. But what I am teaching what I've already taught is plenty. So if you're expecting speed in the direction of that 3864 level what |
| 725 | 02:04:09,570 --> 02:04:18,180 | would you want to see? A real quick sudden move up just like that right now, for gentleman out here to have. And maybe some of you ladies too, that are hot |
| 726 | 02:04:18,180 --> 02:04:28,800 | rodders. If you have a fast car, and maybe you just got your license recently, and you took your dad's car out and you want to burn some rubber, knowing damn |
| 727 | 02:04:28,800 --> 02:04:36,600 | well you shouldn't be doing it. But when you sit there and you neutral, drop your car. I'm not saying it's a good thing, but some people do it. You burn out |
| 728 | 02:04:37,170 --> 02:04:49,500 | and you make a skid mark as a car takes off real quick. Okay. You want to see that? In price, that burnout that sudden run ProCharged Mopar knows exactly what |
| 729 | 02:04:49,500 --> 02:04:59,340 | I'm talking about right now. He's already smiling, because he's now getting it. That that runaway real quick move when you're expecting speed to come into the |
| 730 | 02:04:59,340 --> 02:05:12,450 | marketplace. So that displacement, you want to see it stay open, you do not want to see it come back down in, when you see that, that is a breakaway gap when we |
| 731 | 02:05:12,450 --> 02:05:25,800 | had markets that were not 24 hours, okay, like for excess 24 hours. And stock indices are not 24 hours, but there's a small window of time where one hour, |
| 732 | 02:05:25,800 --> 02:05:39,450 | it's not trading. But you have a gap opening, that gap opening sometimes is useful. But when we didn't have electronic trading, there was always gap |
| 733 | 02:05:39,450 --> 02:05:45,960 | openings, you had overnight gap risk is what it was gap risk is always an issue, you didn't know where your currency futures were gonna open up, you didn't know |
| 734 | 02:05:46,410 --> 02:05:54,120 | where to ship was going to open up unless you were monitoring overnight, you know, on the Globex, what was going on. And Globex is like the overnight |
| 735 | 02:05:54,210 --> 02:06:06,660 | session. So I'm trying to teach you to anticipate when you're expecting a market move to go one direction, higher or lower based on your bias. The narrative was |
| 736 | 02:06:06,660 --> 02:06:18,690 | I left you in the morning session 3864. Note that relatively quiet because that's where we're heading. Three o'clock hour starts, we are finding real |
| 737 | 02:06:18,690 --> 02:06:29,910 | support at fair value, got this count logs. And we create a fair value gap on the one minute chart 11 minutes, 12 minutes and 30 minutes, respectively on a |
| 738 | 02:06:29,910 --> 02:06:40,860 | one minute chart on es that fair value gap is drawn out for you in the recording. It's a little light blue when I moved my stop up just below the low |
| 739 | 02:06:40,890 --> 02:06:56,610 | of the 311 to 313. Fair value gap. I'm just below that one tick. And the whole time I'm recording this. I'm thinking to myself, they're gonna ship themselves I |
| 740 | 02:06:56,610 --> 02:07:05,730 | see this and approve it. I went and bought it again when it went down and touch the bottom of the fairway again. Why didn't go outside of that? That's it. |
| 741 | 02:07:05,730 --> 02:07:18,060 | You're wondering, right? Why didn't it go outside that because it had already tapped? The low of the fair value gap on the hourly? The 15. In the five. I'm |
| 742 | 02:07:18,060 --> 02:07:27,420 | sorry, though, the women at fair value gap. It had already touched it twice, perfectly. And we were running short on time. |
| 743 | 02:07:29,069 --> 02:07:37,079 | We were running down the clock until four o'clock. Yes, it trades a little bit past that. That's not my point. That the volume that's going to come in on |
| 744 | 02:07:37,079 --> 02:07:53,819 | market on closed orders is 340 to four o'clock. That little window right there. Okay. Days that close. With liquidity pools that have not been breached, or |
| 745 | 02:07:53,819 --> 02:08:06,809 | engaged yet, you'll find that that little segment of time is a sweet spot for a model all in its of itself. Who wouldn't want 20 handles? I pull it out like it |
| 746 | 02:08:06,809 --> 02:08:23,849 | was nothing yesterday. 22 handles for the people that made fun of just five handles. It's at seven ticks per contract. So how do I know it's gonna stay |
| 747 | 02:08:23,849 --> 02:08:33,809 | open? Just like a burnout. Okay, think about that funny card at that stop card. It's real fast. And when that green light go, it takes off. It's gone off the |
| 748 | 02:08:33,809 --> 02:08:43,349 | road, it's gone. You don't want to see it. Go back to the starting point. You don't want to see it do that. You want to see it? What's this keep on hold as. |
| 749 | 02:08:44,699 --> 02:08:53,849 | So when you're expecting price to deliver and run towards a goal, and you have a limited time? What would that look like? Well, if you're trading in the 10, |
| 750 | 02:08:53,849 --> 02:09:07,439 | o'clock hour 10 o'clock to 1030. Remember 11 to noon is when things start creating the consolidation for lunch. Not that it will. But my expectation is if |
| 751 | 02:09:07,439 --> 02:09:14,309 | things start to slow down going into lunch and then lunch usually has a retracement goes for the liquidity during that hour or prior to it. And then |
| 752 | 02:09:14,309 --> 02:09:23,039 | need to they're going to continue or reverse or stay consolidation. And that's a discussion entirely for 2023 because we will talk about that. But when I look at |
| 753 | 02:09:23,039 --> 02:09:36,899 | the market and I'm expecting fair value, get this day open. I'm anticipating more volatility in velocity in the direction of that run. And see the things |
| 754 | 02:09:36,899 --> 02:09:45,059 | that I saw with Chris Laurie stuff he never had never talked about that nobody else has ever talked about it either. I wish there was other books or authors |
| 755 | 02:09:45,059 --> 02:09:50,879 | and things that would talk about these things because I could save myself a lot of aggravation cuz I know it's going to take lecture and lecture and lecture |
| 756 | 02:09:51,179 --> 02:10:00,329 | doing this and I'll show it to you live. I have no problem doing that. But most of you that keep asking the same questions, even when I give you what I believe |
| 757 | 02:10:00,329 --> 02:10:09,899 | is the best I can articulate. It's frustrating for me because you're, you're not going to connect with it because you haven't done other things. And for folks |
| 758 | 02:10:09,899 --> 02:10:19,319 | that have been with me for a while, then analogy of a burnout. Okay, when the car, you takes offense skids its wheels as it's going real fast forward, that |
| 759 | 02:10:19,319 --> 02:10:30,929 | run up that creates that big candle one way that's like that, like that it's a car, it's finally been allowed to go quick. It peels off real quick. Those |
| 760 | 02:10:30,929 --> 02:10:38,879 | instances when you're expecting the market to run hard, you want to see that stay open. Now, the question is going to be is okay, well, ICT? Have you ever |
| 761 | 02:10:38,879 --> 02:10:48,719 | had that instance where you felt it was likely to do that, and it went back into it? Yes, if it does, I'm going to buy it. In fact, if you watch the video, I'm |
| 762 | 02:10:48,719 --> 02:10:54,779 | waiting because there was one time where I thought it was going to dip in there. And then that would have been institutional order flow entry drill doesn't |
| 763 | 02:10:54,779 --> 02:11:01,769 | change the bias, it doesn't change the fact that it's not going to go higher, it's going to go higher, it's just given me an opportunity to buy at a slightly |
| 764 | 02:11:01,799 --> 02:11:14,009 | lower discount. But in my logic is, it will stay open, they will not completely close. It might go down just below the top of the fair Vega, that's |
| 765 | 02:11:14,009 --> 02:11:22,169 | institutional order flow into drill. It's a technique for high frequency trading algorithms use that as a entry model, boom, boom, boom, boom, boom, firing in |
| 766 | 02:11:22,169 --> 02:11:30,209 | there real quick. That's the other algorithm. The algorithm that is the price engine that makes price go where it's going to go and no buying and selling |
| 767 | 02:11:30,209 --> 02:11:44,459 | pressure is doing anything about it. Nothing. How much? How many contracts cause the s&p to move five handles? How many contracts does it take to do that? Think |
| 768 | 02:11:44,459 --> 02:11:56,189 | about that logic for a second. How many contracts? How much volume does it take to move the s&p five handles? Oh, should never thought about things like that, |
| 769 | 02:11:56,189 --> 02:12:05,609 | did you? But the books don't talk about either. So it's never come up in? In question, right? You only need one contract, to book price, one contract, one |
| 770 | 02:12:05,609 --> 02:12:14,309 | contract, one contract, it does not matter. That's why when you see charts that used to track volume, when we were a futures trader, marquee going up, the |
| 771 | 02:12:14,309 --> 02:12:25,109 | volume bars keep going down. What the hell's going on volume in it, folks. That's not how you use volume. That's not how you use volume. You use volume in |
| 772 | 02:12:25,109 --> 02:12:38,549 | the sense that, hey, border flow is going to increase the velocity of orders coming in and traders wanting to do something you can time that you can time at |
| 773 | 02:12:38,549 --> 02:12:46,049 | certain times a day, it's like, well, you know, at the opening, there's a lot of volatility, right. And that last 20 minute period of the last hour trading, you |
| 774 | 02:12:46,049 --> 02:12:55,109 | can plan on and again. So if you have untapped liquidity pools, that are just so obvious, you're sitting right there, you know, that last 20 minutes of trading, |
| 775 | 02:12:55,229 --> 02:13:02,249 | that's how you do it, you aim for that. Now, what happens if you get it wrong, if it doesn't move in your favor and stops you out or doesn't move? That's |
| 776 | 02:13:02,249 --> 02:13:09,419 | trading folks, that's just the way it is, you have to have a catalyst for why you're gonna go into marketplace and do whatever it is you're trying to do. If |
| 777 | 02:13:09,419 --> 02:13:17,339 | you're gonna be a buyer, what makes that or constitutes a reason for you to be a buyer, there has to be some kind of logic that you're falling behind. You're |
| 778 | 02:13:18,239 --> 02:13:26,939 | exercising, inviting risk. You can't just when I feel like doing something like that time, there has to be a lodge against them while you're expecting him to do |
| 779 | 02:13:26,939 --> 02:13:39,299 | it. So in short answer. When I'm anticipating gaps to stay open, I have already framed out the logic that it should be a market that should be doing quick. And |
| 780 | 02:13:39,299 --> 02:13:47,579 | if I see that, then I know I can do what I can trust that my liquidity or inefficiency I'm aiming for will be traded to. That's why you see the confidence |
| 781 | 02:13:47,579 --> 02:13:56,159 | in my texts that people think it's cherry picked or that I'm adding it after the video has been done. There's no way you can explain all that shit. Okay, it's |
| 782 | 02:13:56,159 --> 02:14:06,479 | being typed through TradingView real time. And when I type this stuff, if it was something added on after the fact like a, like a, because I can take annotations |
| 783 | 02:14:06,509 --> 02:14:17,699 | and type it in to a video on Camtasia. But when I add it to like for instance, look at my watermark inner circle trader.com. Okay, that stays in one place. |
| 784 | 02:14:17,879 --> 02:14:27,389 | That's how you know it's Camtasia that's added after the fact that's an after recording annotation in trading view. Do this and test it for yourself on |
| 785 | 02:14:27,509 --> 02:14:37,559 | Tuesday when the markets are open again, go in there and type out something with TradingView on a one minute chart, and then watch it the annotations tick to the |
| 786 | 02:14:37,559 --> 02:14:46,019 | left when there's a new candle opening up. You're telling me that I had that much editing ability that I can go in here and I can fucking make 20 different |
| 787 | 02:14:46,379 --> 02:14:54,719 | things on my annotations all move in synchronicity. The fuck out of here, man, and you're giving me way too much fucking credit for shit today impossible. Just |
| 788 | 02:14:54,719 --> 02:15:02,189 | accept the fact that I can do this and you're gonna see me do it anyway, you're gonna be able to learn how to do this. Okay? Ain't stop making excuses for |
| 789 | 02:15:02,759 --> 02:15:09,149 | holding on to dumb shit, that doesn't work well for you. Okay? Or maybe you're struggling or you got to worship your hero or he's gonna kick you out of your |
| 790 | 02:15:09,149 --> 02:15:17,639 | service or whatever fucking you could get away from those type of people. If somebody's telling you, you better rep me, in my community, are you getting |
| 791 | 02:15:17,639 --> 02:15:26,999 | kicked out of here? Get the fuck away from that person. That's not a mentor. That's a nut job. Okay? You don't have to pay anything to be here. I have people |
| 792 | 02:15:26,999 --> 02:15:38,639 | in my mentorship that don't like my personality. I'm not kicking them out. They don't have to like me. I don't give a shit. You don't have to like me. I'm not |
| 793 | 02:15:38,639 --> 02:15:46,199 | here for friends. I'm not here for friends. I'm not inviting any of you over to my house. I'm not gonna have dinner with you. Okay, no, that's just gonna |
| 794 | 02:15:46,199 --> 02:16:00,569 | happen. But I love turning average people into dynamos. I've done it before. And in 2023, I'm gonna do a whole lot more of it. All these things. All these things |
| 795 | 02:16:00,569 --> 02:16:11,879 | repeat in the marketplace. They repeat at specific times, under specific conditions and circumstances. The job that you have is understanding which one |
| 796 | 02:16:11,879 --> 02:16:22,139 | of these things resonates with you. Some of you might look at the opening at once at 930. In the morning, when equities open up. You know, when the bell |
| 797 | 02:16:22,139 --> 02:16:30,629 | stock market Ding ding ding opens that volatility might scare you might be real terrifying for some of you, and I get it, that's fine. It's kind of like London |
| 798 | 02:16:30,629 --> 02:16:42,779 | open on a high high impact news driver. On Forex. Scary. How do you sell short known? How do you know when it's gonna go? You put a stop loss in the event that |
| 799 | 02:16:42,779 --> 02:16:51,779 | you're wrong. You have to trust the logic that you're working with. See, when you read folks, they're sending me tweets, and you probably see it with other |
| 800 | 02:16:51,779 --> 02:17:03,569 | people too. They'll say, yeah, how do you know? To put your stop loss there? How do you know when to buy that when it's going down? How do you how do you know |
| 801 | 02:17:03,569 --> 02:17:13,289 | it's not going to keep going lower? Well, if I knew for a surety that it wasn't likely to go beyond my actual entry point. I would never use a stoploss what I |
| 802 | 02:17:14,429 --> 02:17:22,079 | but because listen to this, folks, this is the this is the cream of the crop type of advice. This is the shit that you need to write down and make sure you |
| 803 | 02:17:22,079 --> 02:17:22,709 | understand it. |
| 804 | 02:17:24,479 --> 02:17:31,889 | I knew the playbooks I knew the algorithm. I know the macros, I know what it's going to do. I knew when it's likely to do it. But here's what happens |
| 805 | 02:17:31,889 --> 02:17:50,069 | sometimes. Oh, Mr. Disney, a particular person says, Well, you know what, we want to put a little bit more in this move. And or it would be more advantageous |
| 806 | 02:17:50,069 --> 02:17:58,229 | for us if it went well beyond the scope of the average daily range that everybody would expect in the opposite direction. And that's manual |
| 807 | 02:17:58,229 --> 02:18:09,569 | intervention. So when manual intervention occurs, it's much like CPI, or FOMC shit, this comes out of nowhere, you can get wrecked by it. And sometimes it |
| 808 | 02:18:09,569 --> 02:18:22,709 | just keeps on going and going and going. And you can physically be harmed beyond repair in those types of moves if you're trading size. So it's like the roulette |
| 809 | 02:18:22,709 --> 02:18:29,849 | table in the casino. Everybody thinks well, you know, you can go up there and you can bet on red or you can bet on black. I got this pick red or black. Wrong. |
| 810 | 02:18:30,659 --> 02:18:41,129 | Wrong, because there's a green. Green is the fuck you color. Okay, you might have odds that red is gonna come up and you might have odds that blacks gonna |
| 811 | 02:18:41,129 --> 02:18:53,939 | come up. But that table in a casino is rigged. Just like the old riverboat casinos. Okay. A lot of people don't know this. But there's riverboat, casinos, |
| 812 | 02:18:54,089 --> 02:19:04,079 | there roulette tables, they were they just discovered underneath the wooden roulette wheel, there was these little metal paddles, okay, and the operator of |
| 813 | 02:19:04,079 --> 02:19:14,429 | the table would have a paddle for red, a paddle for green and a paddle for Black. Okay. And people get in any debt, their favorite number, their birthday, |
| 814 | 02:19:14,429 --> 02:19:21,719 | the day they got married the day they had their kid, you know, whatever it is, they think that there's something special that there's a red 17 It's a black 17 |
| 815 | 02:19:21,719 --> 02:19:31,649 | Whatever it is. They don't give a fuck about the number. They can't control the number. The number is not ever going to be controlled. That never ever happens. |
| 816 | 02:19:32,729 --> 02:19:43,559 | The color is it. What happens is they say okay, No more bets. Anyways is hanging out there while he doing it, because he needs time to get an assessment on where |
| 817 | 02:19:43,559 --> 02:19:53,069 | the money is mostly. Is it more on read more on black? And if you can't decipher right away what it is. He's pushing the green paddle. What does that mean? |
| 818 | 02:19:53,579 --> 02:20:02,399 | Underneath the wooden wheel underneath one every single one of those little squares is either colored 17 or 12 or whatever it is. It's red, black, or green |
| 819 | 02:20:02,399 --> 02:20:14,579 | comes up, okay? The casinos in business take money in, but they have to pay out. But they have to do it on a ratio basis. So when the money is being brought in, |
| 820 | 02:20:15,119 --> 02:20:24,839 | there has to be the majority for them coming in and they pay out the minimum payout, minimum intake is larger, over the course of a day, a month a year, they |
| 821 | 02:20:24,839 --> 02:20:34,379 | profit and people still make money. So, the theory is this. If you were going back in time and you were on his riverboat, you could sit there and watch the |
| 822 | 02:20:34,379 --> 02:20:44,999 | guy say, Okay, no more bets. Look at the stacks of chips on what color fucked in numbers and numbers are the red herring. That's the magician's misdirection. You |
| 823 | 02:20:44,999 --> 02:20:55,379 | watch the color, wherever the bulk of that color is being bet on. That's the fucking color that's not coming up. Now, underneath the wheel, the paddles would |
| 824 | 02:20:55,379 --> 02:21:07,169 | come up with magnets inside that little white ball. That ball is a magnet. It's polarized. So if that ball is bouncing around like it does, it's only going to |
| 825 | 02:21:07,169 --> 02:21:20,129 | settle on a square that will allow it to fall in. Think about how magnets opposite attract. Same repel. So if the operator doesn't want that ball to fall |
| 826 | 02:21:20,129 --> 02:21:32,369 | in a red, then it's going to be the same polarity as the ball. So when it falls in there, it'll fall and bounce out and then fall into the nearest black. Who |
| 827 | 02:21:32,369 --> 02:21:44,969 | gives a fuck? What number it is. It's falling in black. So red loses. So the table collects the payout to them is income with all the bets on Red and Black |
| 828 | 02:21:45,119 --> 02:21:56,039 | wins. Who gives a shit? The payouts larger for the table? Coming in on red than the payout on black? The black? Yeah, we want. Everybody's like, fuck yeah, this |
| 829 | 02:21:56,039 --> 02:22:03,839 | guy is hot. I'm putting my money behind him. So now the table is gonna watch everybody's bet face on this dude. And if he doesn't have enough time to assess |
| 830 | 02:22:03,839 --> 02:22:15,749 | how much money is in there, which is better greens coming up. And they all lose. It's all rigged, folks. It's all rigged and Okay, and this is the way it is. So |
| 831 | 02:22:15,779 --> 02:22:25,529 | there's one Arden bandits. There's slot machines couldn't remember what they were a couple spaces back. I don't go to casinos. But they're the same way. |
| 832 | 02:22:26,339 --> 02:22:34,619 | They're only going to pay out once they take in so much money. That's it. That's why everybody goes around, they walk around the machines and they say, Okay, I'm |
| 833 | 02:22:34,619 --> 02:22:42,269 | watching this person, he's been around for hours, okay, any hit for a while, if they get up and get on that machine. Not because you are lucky, they know what |
| 834 | 02:22:42,359 --> 02:22:56,549 | it's going to pay out, it's due to pay out. Now, take that same logic and apply it to time of day, day of week. Report days, medium impact, high impact. |
| 835 | 02:22:57,389 --> 02:23:10,289 | liquidity. It all makes sense. There's controllers and everything that we do. You got to work, you got a boss. You got to put your money in the marketplace. |
| 836 | 02:23:10,829 --> 02:23:24,089 | There's a boss, that boss has a job manipulate the money from your hands into there's Oh, now you're going back on saying the brokers are trading against the |
| 837 | 02:23:24,119 --> 02:23:35,279 | the client. I'm not even talking about the broker. I'm talking about an entirely different entity way above them. That's that collective entity that is smart |
| 838 | 02:23:35,279 --> 02:23:48,179 | money. That's who's working in all these things. This opportunity, this whole facade, thinking that you have a free and random market. When that is not the |
| 839 | 02:23:48,179 --> 02:24:04,859 | case at all? How the fuck can I do what I'm doing? If it's random? How can it be that precise? If it's random? If there's no algorithm, how can I display teach |
| 840 | 02:24:05,489 --> 02:24:19,889 | and repeat over and over and over again? Here's my challenge to the naysayers. I want you to outline a market like I did on Friday. One sided, very specific |
| 841 | 02:24:19,889 --> 02:24:32,939 | level, and then record precision entries. Markup the annotations everything recorded. I don't need you to do it live record it through trading view because |
| 842 | 02:24:32,939 --> 02:24:42,029 | I knew that can't happen through Market Replay. And then you post that and say this is how ICT is dealing. It's cherry picked. You can't because if you're |
| 843 | 02:24:42,029 --> 02:24:52,199 | managing a one minute chart, how many one minute charts can you can you manage another one minute chart going the opposite direction when you're managing that |
| 844 | 02:24:52,199 --> 02:24:59,819 | woman chart annotating and constantly moving. I mean, look man, it's some bullshit okay, it's some bullshit and take away is this it was already talked |
| 845 | 02:24:59,819 --> 02:25:14,819 | about hours before in the morning session. There's no way you can argue against it. And I can do it live in any setting. Hello. So there probably isn't going to |
| 846 | 02:25:14,819 --> 02:25:23,339 | ever be another mentor like me. I'm a little unstable and probably Olympic friends and most of your minds and that's fine. That gets me. It makes me a |
| 847 | 02:25:23,339 --> 02:25:34,379 | little more interesting than the average person. But I use that, like a carnival barker. Just like I use the demo. The demo baller. Oh, Mrs. C is clown. What the |
| 848 | 02:25:34,379 --> 02:25:44,039 | hell? This guy keeps calling it right. Yeah. Yep. And I'm hiding in plain sight. Who's going to take a demo baller serious, nobody. But anybody's ever came to my |
| 849 | 02:25:44,039 --> 02:25:53,129 | mentorship, they only saw demo trades, they only saw me executing just like this shit, all the time. There was no any other imitation except for seeing what |
| 850 | 02:25:53,129 --> 02:26:04,919 | you've been watching me do. And now you're all gonna get a taste, learning just how to do it for free. And real time. It's exciting, isn't it, if you're not |
| 851 | 02:26:04,919 --> 02:26:12,539 | excited, if you're not at all amped up about you broaden your understanding about price action, and I don't want to tell you, because it's going to be fun. |
| 852 | 02:26:13,259 --> 02:26:30,419 | It's gonna be real fun. I'm trying to make sure I've covered all of my faces here. And I think I have so in 2023, outside of a guest the stuff I'm gonna be |
| 853 | 02:26:30,419 --> 02:26:46,529 | droning on in live streams, the the invitation for you to be part of my personal life, a lot of a lot of you asked me to do a little bit more of that. I guess I |
| 854 | 02:26:46,529 --> 02:26:48,449 | can do a little bit more. |
| 855 | 02:26:50,940 --> 02:27:02,040 | I'm probably going to be recording a video today. Put them out there on YouTube, just to show you the mobile command center, the ICT mobile command center, we |
| 856 | 02:27:02,040 --> 02:27:11,400 | have a class A RV that you've probably heard me sometimes the audio doesn't sound great. You got to get yourself a new mic, you are listening to me in an |
| 857 | 02:27:11,400 --> 02:27:23,850 | RV. Okay, that's the acoustics in the RV is, is not the same as being in a room that has better acoustics. But I'm going to be traveling a lot this year, and |
| 858 | 02:27:23,850 --> 02:27:35,340 | I'm practically coming down to your neck of the woods. And I'd be interested to do like meet and greets, you know, in different states and such. I have to |
| 859 | 02:27:35,490 --> 02:27:43,980 | figure out how I'm going to do that because my wife and my two dogs will be with me. So I obviously you can't come on board with us because my dogs are probably |
| 860 | 02:27:43,980 --> 02:27:52,350 | want to shoot your ass up my wife, I wouldn't feel comfortable that. But it's something I want to entertain. We want to see more of the country and get out |
| 861 | 02:27:52,350 --> 02:28:05,700 | there and use this thing. And the fact that I'll be doing a video or two a week from it will allow me to depreciate it also. So $300,000 gets wrote off over the |
| 862 | 02:28:05,700 --> 02:28:19,050 | course of seven years. So that's how you do things. No lease required. But it's a mobile home basically. I mean, it's, it's got for leather, massaging heated |
| 863 | 02:28:19,500 --> 02:28:29,580 | recliners. It's got a fireplace, flat screen TVs on two, three of them one on the outside, one of the living room area and one in the master bedroom. It's got |
| 864 | 02:28:29,610 --> 02:28:41,250 | a crow's nest above the drivers area. And the dinette turns into a sleeping area. He's got a shower, it's got washer and dryer. It's really nice. It's |
| 865 | 02:28:41,250 --> 02:28:51,540 | really, really nice. And we went out with it a few times this year. And there's a couple of states that I want to go to Utah, I'm gonna go to Wyoming. And I |
| 866 | 02:28:51,540 --> 02:29:03,090 | want to go to Montana. Those are some of the mean maybe some of those states you're not in or whatever. They're the main ones I want to go to. They're just |
| 867 | 02:29:03,090 --> 02:29:09,900 | beautiful out there. And Montana is another state that I'm thinking about getting property in so there's a really, really bigger than the house I have |
| 868 | 02:29:09,900 --> 02:29:20,550 | now. I'm really wanting to go see it. The seller is holding it like he's not playing on the market for me or anyone else to buy right now. Because he knows |
| 869 | 02:29:20,550 --> 02:29:29,340 | I'm I'm playing a trip in springtime. But if I like it, you will see it. Trust me. You'll see it's gorgeous, absolutely gorgeous three times actually bigger |
| 870 | 02:29:29,340 --> 02:29:41,040 | than this on here. And it's beautiful. It's got a grotto and a huge, huge hardscaping and just, it's got tennis court basketball court. It's got a go kart |
| 871 | 02:29:41,040 --> 02:29:52,470 | track on it. It's just gorgeous, absolutely gorgeous big old view of just loveliness all around it. And that's one of the things I'm looking forward to in |
| 872 | 02:29:52,470 --> 02:30:03,510 | spring. So I'm not a person that likes to fly. I don't want to be in the air. So RV does it for us in Lhasa. to go around and and travel and the old fuddy duddy |
| 873 | 02:30:03,510 --> 02:30:15,480 | ICTs motor scooter around in classic RV. So, but anyway, when I, when I post that video, just know that it's not because I'm bragging, I have to make sure |
| 874 | 02:30:15,480 --> 02:30:25,320 | that everyone knows that it's anchored to the channel and then the digital nomad will be a playlist that will allow me to legally depreciate the $300,000. |
| 875 | 02:30:25,650 --> 02:30:36,840 | motorhome. So that's how you do things through the scope of depreciation and paying for things, basically, you know, is that I didn't get it for free, |
| 876 | 02:30:36,840 --> 02:30:47,310 | obviously. But you pay for it. And then you can write it off over the course of the years and you make money, you just write that down. So it allows me to get |
| 877 | 02:30:47,310 --> 02:30:57,630 | better use of it, instead of just buying it like anyone else. If you when you buy your car. It's it, you're done. But when I buy a car, and I show it in, I |
| 878 | 02:30:57,630 --> 02:31:04,980 | own all my cars, okay, don't listen, these fucking people out there saying I lease my vehicles, I showed you lease vehicles, but I own all my cars, I own all |
| 879 | 02:31:04,980 --> 02:31:17,940 | of them. I have a car note with my son to get his credit, but we're about to pay that off. But you have to depreciate the vehicle then. And you get your |
| 880 | 02:31:17,940 --> 02:31:24,930 | accountant to help you with that shit. But you can make big purchases, but you have to have a real use for it. So if I just bought an RV, and I don't use |
| 881 | 02:31:24,930 --> 02:31:35,880 | anything like, like the YouTube channel, that venue allows me to say, Okay, well, I'm running a corporation, through YouTube, I get ad revenue, I get, I get |
| 882 | 02:31:35,880 --> 02:31:42,930 | sponsors all the time. And I could probably do about $30,000 a month just in sponsors, but I turned all of them down, I don't want to be that kind of |
| 883 | 02:31:42,930 --> 02:31:52,830 | YouTuber. So if you've received denials from me, we're ignoring your request, okay? It's not personal, I just don't want to do it. Because I don't want to, I |
| 884 | 02:31:52,830 --> 02:31:59,250 | don't want that kind of stigma attached to my YouTube channel. There's other people out there can do it, I'm sure I'll have students that will be willing to |
| 885 | 02:31:59,250 --> 02:32:06,360 | do it for you. And they can make money like that, too. And I'm encouraging all of you to do it and get good at what I'm teaching you. And there it is. And you |
| 886 | 02:32:06,360 --> 02:32:16,080 | here's the thing, folks, you don't ever, you don't ever need to show a Live account. You don't. Because if you can sit down live and call the market before |
| 887 | 02:32:16,080 --> 02:32:29,280 | it happens sitting on TradingView. Doing it live, because I got here that 426,000 Almost subscribers on YouTube, I've never advertised, I never ran ads. |
| 888 | 02:32:29,700 --> 02:32:39,000 | And I just simply recorded myself doing trades with logic that I taught. And there it is. So don't listen to anybody tell you that you have to do that. And |
| 889 | 02:32:39,000 --> 02:32:46,470 | if you're going to do signal service, you better damn well have a track record. That's absolutely guaranteed, you need to have that. But if you're going to run |
| 890 | 02:32:46,470 --> 02:32:55,530 | a service where you're going to call the market live, I don't call that signal service. Okay. But there's a lot of people out there I haven't I have people in |
| 891 | 02:32:55,530 --> 02:33:04,260 | my mentorship that are asking, is there students in their user group that are doing signatures because they want to do it, because they can't do it |
| 892 | 02:33:04,260 --> 02:33:11,790 | themselves. So think about it, there's always different walks of life. There's all different types of individuals in this industry, that some of them that just |
| 893 | 02:33:11,790 --> 02:33:18,360 | simply can't do it no matter who trains on how long they've been doing it, you know, what works, what doesn't work. Some people simply won't do it, but they |
| 894 | 02:33:18,360 --> 02:33:26,040 | can't let go of it. So they want to be a part of it the only way they can, which is by hand holding with someone that can do it well. And listen, folks, |
| 895 | 02:33:26,760 --> 02:33:37,920 | 1516 $18,000 a month, you know, ad revenue. I think anybody can live pretty comfortable on that. And you don't need a need to do a live account ever. You're |
| 896 | 02:33:37,920 --> 02:33:44,370 | not obligated to do that. Because if you're out there explaining what your opinion is on the marketplace, and unfolds, just like you said, who's gonna |
| 897 | 02:33:44,370 --> 02:33:51,870 | argue against that? People, they're trying to sell something else, fuck them, okay, they're broke. They can't build their audience. And if you're wholesome, |
| 898 | 02:33:51,870 --> 02:34:00,210 | and you're honest, and you tell people exactly what's going to happen, and it happens, your community will grow organically. And there's a lot of people that |
| 899 | 02:34:00,210 --> 02:34:08,220 | don't like me. And that's fine. I get it. Everybody's entitled their own opinion. But you can't say my cell phone work. Because that's bullshit is it |
| 900 | 02:34:08,220 --> 02:34:16,230 | works. It works in my hands. It works in everybody else's hands, that puts the work into it. And you're all encouraged to do the same thing. There's nothing |
| 901 | 02:34:16,230 --> 02:34:24,750 | I'm not going to try to shoot you down, talk bad about there's a lot of people out there that are doing what I teach. I love it. I'm thankful that the Lord has |
| 902 | 02:34:24,750 --> 02:34:33,840 | allowed me to be impactful in that regard. I'm not running around saying Look at me, everybody's trying to be like me. They're all trying to do their own thing. |
| 903 | 02:34:33,870 --> 02:34:41,910 | And I was just a catalyst that conduit to help them get there. They give me a high five. Thank you appreciate everything you've done. Ron. Ron, man, I want to |
| 904 | 02:34:41,910 --> 02:34:51,480 | see you do it. i That's the whole reason why I did this. Think about it when I stepped out on baby because if you knew me back then it was a social experiment. |
| 905 | 02:34:51,480 --> 02:35:02,520 | I wanted to see who could do it and what they're gonna do with it, how they're going to make an impact on the world, too. Me, you know, that's interesting. I |
| 906 | 02:35:02,520 --> 02:35:15,030 | mean, I have a very biased opinion about what it is I know and what I can do. But I also have limitations on what I'm allowed to do. And I'm not going to |
| 907 | 02:35:15,030 --> 02:35:29,910 | divulge any more than that. But if I can bring other people very, very close to what I can do, and I can live vicariously through them. That to me, is like |
| 908 | 02:35:29,910 --> 02:35:44,940 | winning, because, unfortunately, I have handlers. And I can't do certain things. So I have to do within the scope of what I'm allowed to do. This is it. But I'm |
| 909 | 02:35:44,940 --> 02:36:00,720 | going to push that boundary as far as I can, in 2023. And I'm going to try to bring as many of you up as I can. And the only thing I asked you to do is very, |
| 910 | 02:36:00,720 --> 02:36:10,440 | very diligently work within the scope of where I'm placing your attention. And only there and don't do anything more, don't try to stretch beyond that, because |
| 911 | 02:36:10,440 --> 02:36:19,350 | you have extra time or you feel like it's not enough, don't, don't dilute your focus from whatever it is I'm trying to bring your attention to. If you went and |
| 912 | 02:36:19,350 --> 02:36:28,140 | just looked at yesterday's price action, and you tried to look for things that are taught on my YouTube channel, outside the scope of what I was doing, you |
| 913 | 02:36:28,140 --> 02:36:37,530 | would be very frustrated, which is the reason why I walked everybody through the top down approach on a daily, four hour 60 minute 15 minute five minute chart, I |
| 914 | 02:36:37,530 --> 02:36:44,610 | gave you the very levels that I'm going to have on my chart. And what I'm looking at those levels are going to be |
| 915 | 02:36:46,020 --> 02:36:52,950 | influential and what price is going to do. And what's it going to do. It's going to gyrate around inside of Thursday's range. It's not going to go above |
| 916 | 02:36:52,950 --> 02:37:06,390 | Thursday's high, it's not going to go below Thursday's low. And it's going to attack that 3864. And like gangbusters, delivered beautifully. And good YCT was |
| 917 | 02:37:06,390 --> 02:37:17,280 | right there to scoop up on it. Because it it showed you the whole logic and how to trust. When you're in I get this question all the time. How can you trust |
| 918 | 02:37:17,490 --> 02:37:25,530 | holding on to your trade? Well apply what I just went through with Friday's trading. You know, 3864 was a hard level that was something that I brought |
| 919 | 02:37:25,530 --> 02:37:35,670 | everyone's attention to. And it's drawn on the chart. Well, before any real reference to it, it's there. Those are the levels. Anytime I have a level of my |
| 920 | 02:37:35,670 --> 02:37:48,780 | chart, we are extending them in time, extend them in time to win the next trading session. We were we were together in the morning, in the afternoon is |
| 921 | 02:37:48,780 --> 02:37:58,410 | going to be trading right? We still had trading hours, I just said close your charts, enjoy the rest of the day, knowing damn well, that most of you aren't |
| 922 | 02:37:58,410 --> 02:38:07,770 | going to do anything with what I've already said in the charts. And I'd come right back in and show you this is what you missed those levels, if you extend |
| 923 | 02:38:07,770 --> 02:38:17,160 | them into the three o'clock hour, you'll see that they're right, they're lining up as what you would expect real support to act as. So that was one of the |
| 924 | 02:38:17,160 --> 02:38:27,180 | problems I had as a developing students. You know, John Murphy's book, technical analysis of the financial markets, that is a retail traders Bible. If you do not |
| 925 | 02:38:27,180 --> 02:38:37,470 | have that book, you need to get it and read it. And everything in that book, turn it upside down. And you will be a 90% bracket success story. It's just that |
| 926 | 02:38:37,470 --> 02:38:48,330 | simple. Everything in that book is horseshit. It's wonderful, because it's programming everybody to do the dumbest shit in the world. Look at charts this |
| 927 | 02:38:48,330 --> 02:38:59,400 | way. And when you do you shit yourself. Your accounts blown, you have loss after loss after loss. It doesn't make any damn sense. When I said to myself, I am not |
| 928 | 02:38:59,850 --> 02:39:09,090 | looking at this shit like this no more. I'm gonna, I'm gonna feed this. And what gave me the idea was there's a pattern of the head and shoulders pattern. It's a |
| 929 | 02:39:09,090 --> 02:39:16,590 | topping formation. And I mean, when I was trying to learn how to be a short seller, and that was one of the things I was afraid of, I didn't understand how |
| 930 | 02:39:16,590 --> 02:39:24,120 | can you sell short, something you don't have How you gonna sell something you don't own. So it was a real struggling point for me. Because, like I said, I'm |
| 931 | 02:39:24,120 --> 02:39:32,250 | not a mental giant, but the long and short of it is when I first started dabbling in it, the pattern that I was trusting to be the reason why I'm going |
| 932 | 02:39:32,250 --> 02:39:41,370 | to sell short was the head and shoulders where you have a swing high, a higher swing high and a lower swing high. And it's like three swing highs with one |
| 933 | 02:39:41,370 --> 02:39:51,330 | higher in the middle. And then you connect the lows that run beneath the left shoulder in the right shoulder of that price action. And it should project lower |
| 934 | 02:39:51,630 --> 02:40:00,630 | the same amount or real close proximity to the range from the trendline connecting the two swing highs lows to the highest high and And trust me, if you |
| 935 | 02:40:00,630 --> 02:40:06,180 | don't want to talk me out, because I'm just listening to myself now it sounds like a bunch of shit. It is. But if you go to Google and look up Head Shoulders |
| 936 | 02:40:06,180 --> 02:40:14,130 | price pattern, you'll see what exactly I'm talking about. Well, that was the pattern I was trying to train myself to trust as a short seller. Me and I got my |
| 937 | 02:40:14,130 --> 02:40:24,390 | ass handed to me over and over and over again. And when I looked back at my journals, it's the times when I'm fucking trying to do like the Friday pm |
| 938 | 02:40:24,390 --> 02:40:32,310 | session, where I'm buying right there. I was looking at that as some kind of a of a topping pattern. Not that that was a head and shoulders pattern, but I |
| 939 | 02:40:32,310 --> 02:40:39,780 | would have been looking at that as Okay, it's done. Now, let's just start going down. Why? I don't know, it just felt like I should expect it to go down here. |
| 940 | 02:40:39,810 --> 02:40:48,600 | And that's exactly how I treated as a 20 year old, it just it probably should, probably should, probably should. That's not a that's not a model, that's |
| 941 | 02:40:48,600 --> 02:41:01,440 | guessing. So a lot of the shit that's in that book, by John Murphy is wonderful when you know how to trade like I'm teaching you, if you see those retail |
| 942 | 02:41:01,440 --> 02:41:10,170 | patterns in the market, in the price action, while my logic that I'm teaching you, and how the markets are algorithmic, if there's a wrestling match between |
| 943 | 02:41:10,170 --> 02:41:19,470 | what's in those fucking book pages, and what I've taught on my YouTube channel, that books losing. There's your inside edge right there. If you can combine the |
| 944 | 02:41:19,470 --> 02:41:28,470 | times when algorithmically and the things I'm teaching are likely to pan out. And you can see a retail fucking pattern that's in that book or any other |
| 945 | 02:41:28,470 --> 02:41:38,790 | YouTube channel that teaches that horseshit that's losing, and I'm winning. My logic is the market that shit is just pictures and candlesticks and bars. That's |
| 946 | 02:41:38,790 --> 02:41:48,000 | it. Animal patterns Don't fucking exist. That's all contrived. It's all bullshit. You're making excuses for something that was completely in your favor, |
| 947 | 02:41:48,060 --> 02:41:57,000 | not because of logic. It just was happenstance. And that's why they're their hit rate sucks. And they have to do heavy leverage trades to get themselves out of |
| 948 | 02:41:57,390 --> 02:42:10,050 | drawdown. I don't have new fucking stupid as you know, 50% 60% Strike rates, fuck that shit. Okay, if I gotta work with a net? To me, that's gambling. That's |
| 949 | 02:42:10,050 --> 02:42:19,770 | gambling. If I can't know, with a great deal of assured you that I'm on the right side of the marketplace. Number one. How do you get like that? You use a |
| 950 | 02:42:19,770 --> 02:42:25,800 | top down approach, look at the weekly candle. Is it likely that the weekly candle is going to expand higher or lower? You're not trying to predict the |
| 951 | 02:42:25,800 --> 02:42:33,660 | close? Is it likely to expand higher low right away? That's 80% of your whole bias problem. A lot of you don't even look at the weekly chart, you're looking |
| 952 | 02:42:33,660 --> 02:42:39,780 | at the one in five minutes, because you see me trading there. And you think I'm deriving everything from that timeframe. I'm not, I'm starting all the way on |
| 953 | 02:42:39,780 --> 02:42:46,080 | the weekend. Tonight, I'm going to look at a weekly chart, not because I'm trading, but it's just because it's pattern. That's what I do. It's my routine. |
| 954 | 02:42:47,040 --> 02:42:55,710 | And I'm gonna get a feel for what's likely to be reaching for on the weekly chart. And that's my number one bias. I try to formulate every pattern with the |
| 955 | 02:42:55,710 --> 02:43:05,010 | most leverage and maximum risk management behind those trades in that direction. Right away, that removes the bullshit that most of you are going to blow your |
| 956 | 02:43:05,010 --> 02:43:15,870 | account on. If you trade like that, it's gonna be very difficult for you to blow your account. If you have discipline. You still can, but it's more likely that |
| 957 | 02:43:15,870 --> 02:43:23,610 | you won't, because you'll be trading mostly in the right direction. Now, how do I know which one is going to everything that you see me teaching and price |
| 958 | 02:43:23,610 --> 02:43:32,520 | action you apply to a weekly chart? Is it going towards a fair value gap above the market price? Is it going towards an old low below market price? It's either |
| 959 | 02:43:32,520 --> 02:43:40,530 | going into an efficient inefficiency rather above the market or below the market, or it's going to a high above the marketplace or below a low below the |
| 960 | 02:43:40,530 --> 02:43:52,920 | market price. That's it. That is it. You have your four conditions, divided into two premise. It's going up to do one of two things go in and revisit an |
| 961 | 02:43:52,920 --> 02:44:01,200 | inefficiency affair that you got. Or it's going above an old high for by some liquidity. Two things to worry about folks. That's it. It's only two conditions. |
| 962 | 02:44:01,200 --> 02:44:10,440 | That's it two conditions. If it's not likely to go up, it's gonna go down. So what's it going to reach for the nearest inefficiency fear that you got for the |
| 963 | 02:44:10,440 --> 02:44:19,920 | nearest short term low and the nearest return lower inefficiency. If it's being bearish, you determine where you are in the market price. During the times of |
| 964 | 02:44:19,920 --> 02:44:27,420 | the day, when you're going to be engaging in trading. Is there enough of a range to allow for you to profit if there isn't, you just don't do anything you sit |
| 965 | 02:44:27,420 --> 02:44:37,620 | still wait for a new opportunity. How hard is that? For some of you? It's impossible. Because you don't have discipline, you're not willing to wait. And |
| 966 | 02:44:37,620 --> 02:44:48,780 | you have to wait for these things to come together. There has to be an agreement of multiple facets in timeframes, logic, time of day, economic calendar, all |
| 967 | 02:44:48,780 --> 02:44:58,290 | those things have to come in into the equation. Otherwise the results you're gonna get a random like it was for me and when I got good positive results as a |
| 968 | 02:44:58,290 --> 02:45:06,480 | 20 year old, not even trading it Maybe this year because I didn't know these things. I was using stupid books. And I'm talking dumb books. And I didn't have |
| 969 | 02:45:06,480 --> 02:45:14,730 | a real good head start until I got Alexander elders trading for a living book. And the only thing good about that book is multiple timeframes, three |
| 970 | 02:45:14,730 --> 02:45:23,790 | timeframes. Okay? Not just making your trade decision on one, but the beginning of the book, where it talks about how you have to deal with the mental things. |
| 971 | 02:45:23,790 --> 02:45:30,780 | And they talked a lot about alcoholism, not that I've ever drank alcohol, because I've never drank alcohol, but I was raised in an environment that had |
| 972 | 02:45:30,780 --> 02:45:41,460 | alcoholics in it. And they were dysfunctional. And I had an uncle that introduced me to trading, who was a functioning alcoholic. So all all those |
| 973 | 02:45:41,460 --> 02:45:48,330 | things that he mentioned, the being of that book, which I think is absolutely essential reading. And again, I'll say the name of the book, trading for a |
| 974 | 02:45:48,330 --> 02:45:57,090 | living by Alexander elder, have other his other books, fuck them, they're not as good. The beginning of that book before he even gets into technical stuff. The |
| 975 | 02:45:57,090 --> 02:46:06,600 | beginning of that book is the gym. Understanding things from a psychological standpoint, in my opinion, that part of that book is way better, way better than |
| 976 | 02:46:06,600 --> 02:46:17,280 | trading in the zone. training zone sugarcoated bullshit, okay, no disrespect to the man. It's a good book, but Alexandria elders portion of the book where it's |
| 977 | 02:46:17,280 --> 02:46:28,860 | all talking about in the wrestling match that we have to deal with. And it made sense to me, because I watched how all those things impacted my family members |
| 978 | 02:46:28,860 --> 02:46:38,370 | who were drunks and how they couldn't succeed, and how they blamed everything outside of themselves. And that same shit happens in trading. |
| 979 | 02:46:39,810 --> 02:46:48,930 | Just because it's not alcohol, doesn't mean you're not fucking drunk. You can get drunk in these markets, and not even been profitable, but still drunk in the |
| 980 | 02:46:48,930 --> 02:46:57,930 | sense that you can't stop doing it. And you keep doing it knowing it's hurting you. And I did that in the beginning as a trader. And when I read his book, it |
| 981 | 02:46:57,930 --> 02:47:07,290 | made so much sense to me, because I was like, Wow, I'm, I'm fucking up, and I can't see I'm causing it myself. And I'm repeating the same things that are |
| 982 | 02:47:07,290 --> 02:47:16,380 | problematic. And even though I'm not a drinker, and I've never drank drank alcohol, I could see very easily how I would be a terrible person, as a drunk, |
| 983 | 02:47:16,800 --> 02:47:25,890 | or a drinker of alcohol. And this is why I've never done it. And quite, it's not entirely why my six year old uncle passed away from a drunk driver hitting him. |
| 984 | 02:47:26,550 --> 02:47:34,290 | And he was drinking while riding. He's no more. So he was like a big brother to me. So that was a major thing in my life, why I'd never became a alcohol |
| 985 | 02:47:34,290 --> 02:47:44,160 | drinker, and a cigarette smoker and a drug user. So I've never done any illustrate error when it comes to that. But that book had a lasting impression |
| 986 | 02:47:44,190 --> 02:47:56,400 | on me as a developing trader. And I don't think I would be where I am today had I not read it, because it gave me a perspective on how humans interpret |
| 987 | 02:47:56,430 --> 02:48:06,900 | adversity. How we interact with adversity and how we deflect the personal invitations that we place into our environment. And then when it comes home to |
| 988 | 02:48:06,900 --> 02:48:16,230 | roost, and we have to deal with the consequences of that shit. We don't want to own it, it's somebody else's fault. And you can't do that in trading. But you |
| 989 | 02:48:16,230 --> 02:48:26,340 | cannot have that characteristic in trading, you own it. And if you suck as a trader, you have to admit that you suck, either stop trading, or find someone |
| 990 | 02:48:26,340 --> 02:48:32,610 | that can teach you how to do the right things. And then give yourself a lot more time than you think it's going to require. If you can't do that, just Don't |
| 991 | 02:48:32,610 --> 02:48:42,420 | fucking touch these markets. Honestly mean this, don't even trade. Because if you can't wrestle yourself into submission over things, like I'm talking about |
| 992 | 02:48:42,420 --> 02:48:51,960 | now, it won't matter how many times I sit with a live stream, I could literally push the button and you trade right behind me. And when I stop, you're going to |
| 993 | 02:48:51,960 --> 02:49:00,540 | fail. Because you haven't wrestled those demons that are, you know, they're beneath the surface, you know, you deal with them every day, they cause you to |
| 994 | 02:49:00,540 --> 02:49:11,280 | cause you to have anxious moments for no real reason. Or to be angry and bitter, when you're really no reason to be jealous. All these things are character |
| 995 | 02:49:11,280 --> 02:49:20,940 | flaws, you have real issues going on inside of you. And if you have those things going on your personal life, I'm telling you, the only thing that these markets |
| 996 | 02:49:20,940 --> 02:49:28,650 | are going to do is put a spotlight on those things, and they're going to amplify it if you're a fucking drunk, and you can't Can you can't handle yourself with |
| 997 | 02:49:28,650 --> 02:49:39,000 | alcohol, or who do recreational drugs and to you you lose your mind and shit. These markets are going to cause you to do more of that shit. And it's going to |
| 998 | 02:49:39,000 --> 02:49:48,960 | be the callous that does your ass and you won't be able to look at on making money. It's going to keep me from doing this like no, it's going to cause you to |
| 999 | 02:49:48,960 --> 02:49:59,370 | do more of those things. Because when you get in these markets, the wrestling match internally. You can't make that candle go up. On Friday I was Two and a |
| 1000 | 02:49:59,370 --> 02:50:09,300 | Half Men It's late on when I thought that target was gonna hit as a band The guy on on my YouTube channel talk, Oh, nobody can do that dude, I do it a lot that |
| 1001 | 02:50:09,300 --> 02:50:18,720 | just happened to be two and a half minutes late on that one. But I'm usually within a three minute window just like Forex, I'm usually three to five pips |
| 1002 | 02:50:18,720 --> 02:50:26,070 | away from the highest high and the lowest low, that's the, that's the range of variance, I'm allowing myself for precision. I'm usually exiting before that, |
| 1003 | 02:50:26,730 --> 02:50:33,540 | why I want to be exiting and I've learned this from lottery winners, I want to be exiting as it's sliding into where I think it's going to go. Because even if |
| 1004 | 02:50:33,570 --> 02:50:43,530 | I am profitable and the trade, I may not be able to get that last bit off because of spread because of it just simply not going where I thought was gonna |
| 1005 | 02:50:43,530 --> 02:50:52,890 | go. Because I mentioned earlier Forex, every broker is gonna have a different high and a different low. And that's an inherent problem in that asset class. If |
| 1006 | 02:50:52,890 --> 02:51:02,310 | you're demanding precision, you're going to have to have a lot of compensation with highs and lows and targets. So the way I compensated for it was, I would |
| 1007 | 02:51:02,310 --> 02:51:11,640 | get out 15 pips, sometimes 20 pips before it would go to where I thought it was ultimately reaching, which was in many of your eyes, probably, you know, an |
| 1008 | 02:51:11,670 --> 02:51:24,300 | over, you know, an over kill for it. But, you know, I gotta live with myself, right? So to be comfortable with what I was doing, that's how I did it. And I |
| 1009 | 02:51:24,300 --> 02:51:31,020 | allowed the analysis to reward me so yeah, it got to where I thought it was gonna go. And because it's my results, and nobody needs to see what I'm doing. I |
| 1010 | 02:51:31,020 --> 02:51:36,900 | don't have to say, Oh, well, fuck, you know, even though I thought it was gonna go this level and didn't go there. I don't have to listen to the bullshit. |
| 1011 | 02:51:37,500 --> 02:51:45,510 | Because even though if I do what I do, and did on Friday, if I did it every single day of the week, next year, I'd still have assholes and assets in here |
| 1012 | 02:51:45,510 --> 02:51:55,080 | trying to talk some shit. Because they're miserable pieces of shit. They suck. They hate their life. And they can't do this. So they outwardly manifest what |
| 1013 | 02:51:55,080 --> 02:52:02,730 | they're feeling about themselves. And that's what this that's what goes on in this industry. All the shit talkers, all these jealousy in these people that |
| 1014 | 02:52:02,730 --> 02:52:13,110 | simply can't shut their fucking mouth or step up for real. Those types of people are plagued, they're plagued with real, real problems. And that's what's holding |
| 1015 | 02:52:13,110 --> 02:52:19,680 | them back. Because if they weren't being held back, you would see all kinds of proof of being able to do what, like you saw me do yesterday. That's real |
| 1016 | 02:52:19,680 --> 02:52:29,100 | precision. That's real algorithmic delivery. Okay? Not retail shit, okay. None of that stuff that's being used and tossed around as a Nygma. Nobody knows it. |
| 1017 | 02:52:29,100 --> 02:52:36,000 | Nigma I've never taught it to anybody outside my family members, and they're never going to know it. Okay, I don't give a fuck, you can drag my essence in |
| 1018 | 02:52:36,000 --> 02:52:42,150 | front of a court CFTC will not pull it out of my ass either. I am not going to teach it you want to see me demonstrate? I absolutely fucking can't because it |
| 1019 | 02:52:42,150 --> 02:52:57,510 | looks just like yesterday. Now I am ready. I'm ready to teach you way beyond you thought you'd ever be able to become good at. But if your head isn't in the game |
| 1020 | 02:52:57,510 --> 02:53:07,860 | the right way. If you're in here to try to debunk. Do that, before I start in February, because you can do it, you can go through some videos, and you'll come |
| 1021 | 02:53:08,010 --> 02:53:18,780 | to a quick conclusion that you can't debunk it. So put that to bed. Show up in February, on the seventh of February. I will read I will resume mentoring. I |
| 1022 | 02:53:18,780 --> 02:53:28,470 | will be live streaming on February 7, on YouTube. And we'll all come together and we'll start outlining what our expectations should be. And I'll start |
| 1023 | 02:53:28,470 --> 02:53:40,320 | teaching you over to chart real time. And I promise you, you will learn over time. They won't be Oh, I watched that one live stream now. No, no. You need to |
| 1024 | 02:53:40,320 --> 02:53:49,140 | make sure that you understand that this takes time seeing things repeat the things that I'm going to talk about. They won't feel like they make that much of |
| 1025 | 02:53:49,350 --> 02:53:57,810 | an impact. Like I didn't I didn't learn anything because you're all looking for entry patterns and indicators, the flash across your screen and your ship moving |
| 1026 | 02:53:57,810 --> 02:54:07,800 | around on your chart that hides price action. Fuck all that. That's nonsense. Okay. The algorithm is not looking at triangles and patterns and new emojis |
| 1027 | 02:54:07,800 --> 02:54:16,620 | swinging around on a chart. Okay, that's all nonsense that's attracting like a like a carnival. You know, we're going as a kid walking through a carnival. And |
| 1028 | 02:54:16,620 --> 02:54:22,110 | you got the carnival barkers Hey, come on over here. $1 gets three chance let's go you can do it get to pretty girl here she can do it. But I knew that I come |
| 1029 | 02:54:22,110 --> 02:54:30,900 | on jealousy causes the guy. The Satan you want Yeah, so I want to go there. I'm gonna win. And then he's spending his money losing and his girlfriend's |
| 1030 | 02:54:30,900 --> 02:54:43,800 | embarrassed. In the carnival barkers made money and put coins in his pocket. You can't fall victim to shit like that. You can't be induced into doing dumb shit |
| 1031 | 02:54:43,800 --> 02:54:52,050 | because a chart looks flashy, or it looks more technical because it has more lines and indicators and shit all over like these heatmap trader guys. He's a |
| 1032 | 02:54:52,050 --> 02:55:00,480 | guy I'm watching on on Livestream now I don't know what the fuck this guy's got going on this chart. It looks ridiculous. It's like a bubble magnify is on the |
| 1033 | 02:55:00,480 --> 02:55:08,250 | chart? What do you what the fuck is that supposed to do for you to do? Just tell me what timeframe you're in. Okay, I'm going to tell you the liquidity or the |
| 1034 | 02:55:08,250 --> 02:55:14,610 | inefficiency is going to run to Okay. And then we're going to stick with just that. I don't need a trendline. I don't know indicators. All I gotta do is look |
| 1035 | 02:55:14,610 --> 02:55:24,210 | for those types of things it's for, it's for things that determine first is going up or down? How do you know that? Where did it just trade from that? Did |
| 1036 | 02:55:24,210 --> 02:55:31,950 | it take liquidity? Or has it reacted from an imbalance? And how's that fit inside of the weekly expansion? Because you got to go right back to that root of |
| 1037 | 02:55:31,950 --> 02:55:42,000 | the weekly chart, because that's where the algorithm is. Oh, shit. And you see these guys out here at the live streaming? Yep, I'm going long here. I've got |
| 1038 | 02:55:42,000 --> 02:55:49,110 | this little thing swinging around telling me I should be a buyer. I'm gonna go short now. And I'll shit I got stopped out. Mark doesn't like me today. No, you |
| 1039 | 02:55:49,110 --> 02:55:57,390 | don't have to fucking trade. Okay, you're trading against real institutional order flow and real algorithmic price delivery. And you're drawing down in front |
| 1040 | 02:55:57,390 --> 02:56:07,740 | of everybody. If you just would have simply held on to the trade that was going along, and let it rip. If you really knew what the hell was going on, you would |
| 1041 | 02:56:07,740 --> 02:56:23,430 | have done well, you would have done 15 $12,000 on a Friday 2pm session. But you didn't. You didn't. Because the logic is unknown to everyone else. The people |
| 1042 | 02:56:23,430 --> 02:56:34,110 | that dig into my course, in all of my lessons and in listen to these long winded shit here. Okay, there's, there's three people that come into this, this Twitter |
| 1043 | 02:56:34,110 --> 02:56:39,660 | space here, one, people hear me say something that sounds arrogant off of this guy. Goodbye. See you later. |
| 1044 | 02:56:39,810 --> 02:56:52,590 | I don't want you here anyway. Because you can't be taught. It's confidence, not arrogance, it's authorship, not pride. Then you have the other crowd that is |
| 1045 | 02:56:52,620 --> 02:57:01,710 | ready to listen, they can see and hear that I went through this shit. I hurt myself doing this and they don't want to repeat that same shit, they're smart |
| 1046 | 02:57:01,710 --> 02:57:07,980 | enough to know, this guy is going to tell me how I can avoid majority of the pain. I want to learn that and still get me to the end result He's aiming for as |
| 1047 | 02:57:07,980 --> 02:57:17,160 | a teacher. And then you have another person that comes in here and says, This is bullshit. Everything about this is bullshit. Despite the proof and everything |
| 1048 | 02:57:17,160 --> 02:57:27,750 | it's been shown. So I know. I know that that's always going to be the case. It's always been the case when I was on America Online too. But because of social |
| 1049 | 02:57:27,750 --> 02:57:38,130 | media, and the ease of people feeling like they can say anything they want in the safety of their cell phone and forints universe, knowing that they're so far |
| 1050 | 02:57:38,130 --> 02:57:48,570 | away from the person they're talking to shit about, they would never do that in front of them. And the anonymity hides them. And they're living mundane little |
| 1051 | 02:57:48,570 --> 02:57:55,290 | lives that don't do shit. They are nobodies. And because they're miserable, they're going to say things to you, when you step out there if you have a |
| 1052 | 02:57:55,290 --> 02:58:05,370 | YouTube channel, or if you do a service, and they're going to claim that you are a scammer, or fraud, despite being able to do what nobody else can do. Because |
| 1053 | 02:58:05,400 --> 02:58:17,370 | they feel like they have to do it because they can't stomach it, they can't do it. And you have to sit back and let them roast in it. Stew in that. Because you |
| 1054 | 02:58:17,370 --> 02:58:26,730 | can't fix them, despite ever trying to you can't I tried it, you can't reach you can't reach these people. They think that they're going to take you down, |
| 1055 | 02:58:26,730 --> 02:58:33,900 | they're going to hurt you, they're not going to do shit, they're going to still be right where they're at. And you're going to elevate more and more and more |
| 1056 | 02:58:34,080 --> 02:58:40,500 | and more, and they're not going to hold you back. Your friends aren't going to hold you back unless you let them. Your job isn't gonna hold you back unless you |
| 1057 | 02:58:40,500 --> 02:58:50,400 | let it your job isn't going to be the reason why you can't be successful. It's going to be the reason why you're fucking going to be successful. Because right |
| 1058 | 02:58:50,400 --> 02:59:01,410 | now where you're at that money, that's it. How much you anticipate getting a raise next year? Think about how much of an increase in pay are you expecting to |
| 1059 | 02:59:01,410 --> 02:59:11,460 | get from your boss or your company? How about this? Are you sure you're going to be still employed next year? If the economic downturn increases into next year? |
| 1060 | 02:59:11,820 --> 02:59:22,230 | It might? If it does, how would that impact you and your household? You gotta get right. You gotta get ready. You gotta make your house ready. You got to find |
| 1061 | 02:59:22,230 --> 02:59:31,620 | a way to get income. Learn how to do this skill, trade get funded, if that's what you want to do if you don't have the funds to do it. multiple streams of |
| 1062 | 02:59:31,620 --> 02:59:39,450 | income YouTube, Showing your prowess. There's nothing wrong with that. I don't think it's bragging. I don't think it's showing off. I think it's you doing you |
| 1063 | 02:59:40,530 --> 02:59:48,210 | and that people have a problem that they are jealous fuck them. Fuck them. Because if they could do it, they would do it too. And he wouldn't give a fuck |
| 1064 | 02:59:48,210 --> 02:59:54,510 | that shit and other people can do it. I don't care to other people are doing it. There's lots of other YouTube. Listen, I've already said it in this video. I |
| 1065 | 02:59:54,510 --> 03:00:02,520 | won't have to. But this space and other spaces. I got every bit of respect for even assholes that don't Like me, if they get out there in a live stream, fumble |
| 1066 | 03:00:02,520 --> 03:00:10,170 | around in my, you know, the market replay and in fake demo accounts and calling it live accounts do it. If you're pushing a button in front of other people go |
| 1067 | 03:00:10,230 --> 03:00:19,380 | ahead, you're in funded accounts, and you're out there and you're pushing a button, you think it's gonna happen. Look, man, all the respect to you great. So |
| 1068 | 03:00:19,380 --> 03:00:27,390 | it's not my cup of tea, I don't need to do that. I've never had to do it, I ain't gonna do it. But I'm gonna be out there next year. And I'm going to be |
| 1069 | 03:00:27,390 --> 03:00:33,750 | outlining where I think the markets gonna go. And I Guaran damn tee everyone, these live streamers are gonna be listening to my shit. They may not like it. |
| 1070 | 03:00:33,960 --> 03:00:42,810 | And when I get it wrong, you're gonna hear that they watched it. But you won't hear it when the 90% Club is, this is what happened initially, that panned out. |
| 1071 | 03:00:42,930 --> 03:00:49,620 | And see that was the main takeaway for this year. I want you to know this. In closing, because we're closing this this space. I know it's been a long one, but |
| 1072 | 03:00:51,420 --> 03:01:02,460 | it's the last one, right? So when we spend time together next year. And we go through the process of looking at what the markets are doing and how it's likely |
| 1073 | 03:01:02,460 --> 03:01:15,330 | to draw towards one pool of liquidity or inefficiency above or below the marketplace. Over the course of the week, you need to be able to take stock on |
| 1074 | 03:01:15,390 --> 03:01:26,100 | what it is that transpired. How many times was it right? versus how many times it was wrong. By dealing that what that's going to help answer for a lot of you |
| 1075 | 03:01:26,130 --> 03:01:40,770 | is that scared feeling of my trainees wrong. Or what if I do it wrong. If you're afraid to do it wrong, and that's an impediment for you beginning they I can see |
| 1076 | 03:01:40,770 --> 03:01:50,760 | how that would be paralyzing. But we're going into this with no buttons being pushed the whole year. You're telling me I shouldn't train I'm telling you. If |
| 1077 | 03:01:50,760 --> 03:01:56,880 | you don't know what the fuck you're doing, you shouldn't be in there doing that. No, you shouldn't be in there trying to get funded accounts. You should be |
| 1078 | 03:01:56,880 --> 03:02:06,300 | learning how to reprice. I promise if you do that for this coming year, you will have no difficulty getting a funded account. And then once you get that funded |
| 1079 | 03:02:06,300 --> 03:02:15,000 | account, you're gonna know based on what I teach you next year, how to manage that funded account so you don't lose it. And you can take from it and harvest |
| 1080 | 03:02:15,120 --> 03:02:26,940 | income in you need to do it soon. Because I believe that those funded accounts aren't going to be so accessible soon. It's just a gut hunch, I might be |
| 1081 | 03:02:26,940 --> 03:02:35,340 | completely wrong. But while it's available, you need to be taking advantage of it. But don't think it's going to be closing out next month. Couple years it |
| 1082 | 03:02:35,340 --> 03:02:47,220 | might not be there. And it'd be best if you could just harvest what you could from it while you can get your scratch raised up your money, your bankroll the |
| 1083 | 03:02:47,220 --> 03:02:59,910 | way you can and get your side hustles on YouTube. You account service. Not account service was like analysis communities where, you know, I have no |
| 1084 | 03:02:59,910 --> 03:03:10,470 | problem. No problem, someone coming under my wing learning from me, and then going out there in monetizing their skill set. I'm not gonna look at it, oh, you |
| 1085 | 03:03:10,470 --> 03:03:17,280 | asshole, you copied off me, I trained you. That was the whole intent. I'm telling you to go out there and make fucking money. That's the reason why I did |
| 1086 | 03:03:17,280 --> 03:03:26,340 | this. I didn't make this. So I can be followed the most on YouTube. And that's it. I want people fucking making money. I want to know, when I lay my head down, |
| 1087 | 03:03:26,910 --> 03:03:35,910 | I can think back and say you know what I've impacted people's lives for the better. And now nobody can find fault in me. I'm not charging you. I'm not |
| 1088 | 03:03:35,910 --> 03:03:44,160 | taking anything from you. But I'm, I'm Tom promising you, you are absolutely going to see shit on a different perspective. Next year, you're gonna see it, |
| 1089 | 03:03:44,160 --> 03:03:52,170 | you're not understand it. You may not be able to execute like you see me doing because that's not realistic, right? But finding one good setup, and knowing |
| 1090 | 03:03:52,170 --> 03:04:01,860 | that that's enough and stopping until you grow in your own personal mobility. That's the proper way of learning. That's a real mentorship right there. That's |
| 1091 | 03:04:01,860 --> 03:04:09,870 | it. That's being taken under the wing by someone that knows how to do it. You don't have any animosity because you're not being asked to pay for something you |
| 1092 | 03:04:09,870 --> 03:04:19,230 | could barely afford. And then you're worrying about is it really worth the amount of money I paid? No, no amount of money. No amount of money could be paid |
| 1093 | 03:04:19,230 --> 03:04:29,220 | to me to justify what I'm gonna do next year. You couldn't pay me. It's because I want to do it. I want to do it. I want to help you. I want to see you succeed. |
| 1094 | 03:04:29,250 --> 03:04:39,330 | And I want to have a small part in that. Not because I want you to worship me once you get there. Hey, man, appreciate it. Thank you so much. That's enough. |
| 1095 | 03:04:40,110 --> 03:04:49,050 | You don't have to have a memorial to me on your fucking YouTube. Okay. You don't need to have a license tag. You know, it got me here. Fuck. That's worship. I |
| 1096 | 03:04:49,050 --> 03:04:58,650 | don't want that. Just acknowledged give me thanks. And that's it. That's all. That's all I asked for. Isn't that reasonable? That's reasonable, isn't it? I'm |
| 1097 | 03:04:58,650 --> 03:05:09,480 | not going to ask you to do something. beyond just working towards it, the effort and I want to share that moment with you a small moment of it's all yours, it's |
| 1098 | 03:05:09,480 --> 03:05:18,900 | all your credit. But I just want to have that moment where I can look at you and say, I told you, if you just gave yourself a chance, look where you're at now, |
| 1099 | 03:05:19,530 --> 03:05:29,580 | look what you were able to accomplish. Look at where you're at right now. And what you can do that feeling of accomplishment, did you grind it through all the |
| 1100 | 03:05:29,580 --> 03:05:39,150 | bullshit, all the horseshit? Everybody doubt in you, your fucking friends, your fucking spouse, your fucking anybody that anybody online ever said anything |
| 1101 | 03:05:39,150 --> 03:05:46,950 | about, you know what it feels like they said something to you, you got a you got a chip on your shoulder. That shit falls off and smooths out real quick, when |
| 1102 | 03:05:46,950 --> 03:06:02,400 | you start making 30,000 a month. real fucking smooth. You're gonna problems then I want to see and hear your testimonies. I don't want to see it in the text. I |
| 1103 | 03:06:02,400 --> 03:06:15,870 | want to see people's faces. This time next year, I want to see them say this totally transformed everything. And this is what I'm going to do with it. I have |
| 1104 | 03:06:15,870 --> 03:06:24,420 | had so many personal testimonials sent to me like that with video. And my wife and I, my kids, I'm I'm moved |
| 1105 | 03:06:32,129 --> 03:06:41,099 | cuz I know what it was like, for me. It was very, very hard. And I didn't have any of this support structure you guys have. And this is my entire life. I pour |
| 1106 | 03:06:41,129 --> 03:06:51,029 | everything into my students. Because I want them to succeed. I don't want them to have any of the hardships. But if you fight me, and you arm wrestle me, and |
| 1107 | 03:06:51,029 --> 03:06:56,159 | you want to do it your own way. And I know it's not the right way, and you don't know that it's not the right way. |
| 1108 | 03:07:03,150 --> 03:07:19,950 | Everything in your life is about to change. You don't understand how much yet. And I'm trying to do the best I can to make it a little bit easier. And for some |
| 1109 | 03:07:19,950 --> 03:07:29,730 | of you, you're gonna take this skill and do amazing shit with it. You're gonna live a totally different lifestyle. And I don't want you to be selfish with it. |
| 1110 | 03:07:31,560 --> 03:07:43,470 | When you see somebody in need, help them not when they ask you for it either. I'm not talking about I'm going to help them by teaching them that's not what |
| 1111 | 03:07:43,470 --> 03:07:59,430 | the fuck I said. Help them. They need something, provide it, do it anonymously. is he somebody in a grocery store, they're pushing a cart around, you can read |
| 1112 | 03:07:59,430 --> 03:08:02,700 | their face. You can see they're broke, |
| 1113 | 03:08:02,940 --> 03:08:20,940 | they come behind them and tell the cashier I got them. I do that every time I go to the grocery store. When I first got with my wife, she was like, What are you |
| 1114 | 03:08:20,940 --> 03:08:38,760 | doing that for? She didn't understand it. I said never tell me that again. Don't ever speak to me about it. Don't ever ask me to justify why I'm doing it. You |
| 1115 | 03:08:38,760 --> 03:08:50,610 | want to touch somebody's heart you do that. And when they turn to you. And they say you just let me have enough money for the rest of the week. The rest of the |
| 1116 | 03:08:50,610 --> 03:09:01,590 | month I don't have my rent money. But I can feed my kids now because of that. It cost you nothing man to do stuff like that. cost you nothing. And think about |
| 1117 | 03:09:01,590 --> 03:09:08,640 | how many times you know you were standing right next to somebody that could have us a hand like that. And you didn't do a fucking thing. Because it felt |
| 1118 | 03:09:08,670 --> 03:09:16,230 | uncomfortable. When you live your life like this, and you want to do it for people, and I've had people say no, I don't want you to do that. Someone may |
| 1119 | 03:09:16,230 --> 03:09:20,970 | actually cussed me out and ask you for a handout. It's going to happen sometimes. |
| 1120 | 03:09:26,100 --> 03:09:37,530 | But you want to leave an impression, a good one. And when you start doing things like that for other people, it's contagious. And you want to do it more. And it |
| 1121 | 03:09:37,530 --> 03:09:47,550 | changes you because as a 20 year old, I was a real arrogant prick and I was so sad it was all about me. I never would have helped anybody else in the store. I |
| 1122 | 03:09:47,550 --> 03:09:52,590 | never would have gave them anything. I never would have bought them a car. I never would have gave them a house. I never would have done any of those things |
| 1123 | 03:09:52,590 --> 03:09:59,460 | I never would have paid for their children to get through school. I never would have gave their kids clothes, school supplies the entire time they had their |
| 1124 | 03:09:59,460 --> 03:10:01,860 | whole schooling I never would have done those things |
| 1125 | 03:10:06,959 --> 03:10:19,439 | I was all about me, I had to make me feel good. And the more I did for me, the shittier, I felt about everything I was doing. I felt like a vacuum. I couldn't |
| 1126 | 03:10:19,439 --> 03:10:35,279 | fill it. Everything I tried to do that was all about me, looking good driving this live in like this spending that. The more I poured into it, the more empty |
| 1127 | 03:10:35,279 --> 03:10:48,839 | I was. The more money I made, the less I felt I had any I didn't have any substance, none. She had to have a plan direction, what you're going to do when |
| 1128 | 03:10:48,839 --> 03:10:59,729 | you have this money coming in? What do you plan to do with it? I see a lot of people, I'm going to do this, I'm going to do this, I'm going to do that. I'm |
| 1129 | 03:10:59,729 --> 03:11:16,319 | going to be this and this. It all changes when it's all about them. Because when I was 20, I was the same way. And don't don't think that that won't help you be |
| 1130 | 03:11:16,319 --> 03:11:25,799 | a better person when you start doing because it will. And then when you start trading larger, you start thinking yourself, you know what? I'm not taking this |
| 1131 | 03:11:25,799 --> 03:11:38,159 | trade to do something new for me financially, which drives people in the dumb decisions. Like it did with me when I was 20. I can remember the day I was |
| 1132 | 03:11:38,429 --> 03:12:00,359 | dating my. And I know we were supposed to close this face, but I got some shit get off my chest. So do 9095 I was was Dayton, my oldest son's mother. And I had |
| 1133 | 03:12:00,359 --> 03:12:14,639 | already found out that she was a married woman she was pregnant, do get give birth in October. And she threatened that she was going to raise the kid, which |
| 1134 | 03:12:15,359 --> 03:12:24,479 | I didn't know if it was a boy or girl yet with her husband at the time, and then he would call me out and threatened me saying that he was going to let the child |
| 1135 | 03:12:24,479 --> 03:12:36,089 | hurt itself and he wasn't gonna do anything about it. And you can only take so much that kind of shit before you start doing things that you normally wouldn't |
| 1136 | 03:12:36,089 --> 03:12:46,979 | do. And to make this woman feel like she had a chance with me so that way I could see him born and my name on the birth certificate, which would make |
| 1137 | 03:12:47,369 --> 03:12:57,359 | custody issues a lot easier for me. I asked I said what would you like to do? Because she didn't want she didn't believe that I wanted to be with her, which I |
| 1138 | 03:12:57,359 --> 03:13:14,009 | did. So she goes let's go to Hawaii. He's got us minus go to Hawaii. Us. Okay. So I said, try to find a flight and hotel and we'll go and I meant it. So she |
| 1139 | 03:13:14,009 --> 03:13:21,059 | says there's nothing until next week I said, Well, we can wait till next week now. And that's good. I want to go this weekend. So well sent me something else |
| 1140 | 03:13:21,359 --> 03:13:32,429 | says go to Bermuda. Alright, find something in Bermuda. So she found it was called senesce Beach Hotel. It was the largest hotel on the south tip of |
| 1141 | 03:13:32,429 --> 03:13:41,969 | Bermuda. And gorgeous. It's not there anymore. Hurricanes tore it off, but you can Google it and see it was there. But I had three five star restaurants in it. |
| 1142 | 03:13:42,419 --> 03:14:00,599 | And just just amazing. But um we flew out there. And whole time I was there. The majority of the time that we were on that island. I was in the room. We went out |
| 1143 | 03:14:00,599 --> 03:14:09,929 | to eat. I didn't want to be with her in public. I didn't want to do anything with it. We took one scooter ride. I felt my son kicking me in the back. But |
| 1144 | 03:14:10,169 --> 03:14:20,579 | apart from that, it was miserable. And what was I doing? I was spending money on something that was not wholesome. It was just to let her believe that I wanted |
| 1145 | 03:14:20,579 --> 03:14:32,429 | to be with her and her husband. You know, back then we had pagers, we didn't we didn't have like the ease of everything we have right now. Like I'm talking to |
| 1146 | 03:14:32,429 --> 03:14:40,499 | you in this cell phone. And you're listening to me everywhere around the world. That whole business of communication wasn't available to us yet. So we did |
| 1147 | 03:14:40,499 --> 03:14:50,009 | everything through pagers, and we would send messages through the numbers. So because he was always constantly sending me voicemails in the unitime saying, |
| 1148 | 03:14:50,039 --> 03:14:59,399 | You know what he was going to do and how he's going to take me to the bank and people don't do this and do that. Which I understand he's mad. I didn't know his |
| 1149 | 03:14:59,399 --> 03:15:09,749 | wife was married to him. I didn't think she was married. But I end up getting her pregnant. And I was stuck. I had figured out the best way to manage it. And |
| 1150 | 03:15:09,779 --> 03:15:20,129 | I had anybody could tell me the best advice, obviously, because who gets in those types of environments, right? And I was young, I was stupid. And with |
| 1151 | 03:15:20,129 --> 03:15:31,769 | money, and no real guidance of any kind. And here we are, we're in Bermuda. And I had to just let this motherfucker know. I said, we're in Bermuda motherfucker, |
| 1152 | 03:15:32,219 --> 03:15:48,089 | typed it out in the code of noon to me when you look at an old push button phone. One is ABC, two. So on, it's three letters, each button, whatever. And |
| 1153 | 03:15:48,149 --> 03:15:55,229 | you would have to sit down and write the numbers out and then figure it out. That's how we did the ship. Young. Young folks are like, What the hell if you're |
| 1154 | 03:15:55,229 --> 03:16:05,429 | older folks, you know exactly what I'm talking about. You're laughing Yeah, we used to do that shit. But I wanted him to know that I did that. And I flew his |
| 1155 | 03:16:05,429 --> 03:16:19,439 | wife to Bermuda. And she lied and said she was doing something with her girlfriends on a pool league in Vegas. And I want him to know that you're a |
| 1156 | 03:16:19,439 --> 03:16:25,199 | piece of shit for doing what you're doing. I'm an asshole for sleeping with your wife. But I didn't know I was sleeping with your wife. I thought I was sleeping |
| 1157 | 03:16:25,199 --> 03:16:33,989 | with a single woman that didn't have a kid. And obviously, when she got pregnant, she laid out on me. It's my responsibility. It's mine. It is what it |
| 1158 | 03:16:33,989 --> 03:16:48,569 | is. But when you have money, and you do things like that, or he get caught up in situations like that, and young men listen to me. You think having lots of |
| 1159 | 03:16:48,569 --> 03:16:57,299 | money, you're gonna run around and be promiscuous. A lot of women different women all the time. You know, everybody's in this Andrew teach shit. But a piece |
| 1160 | 03:16:57,299 --> 03:17:05,519 | of shit. That guy is okay. I don't want to hear anything about that fucking guy. He's not a top G he's a piece of shit. It is what it is his views on women |
| 1161 | 03:17:05,549 --> 03:17:20,789 | stupid. And bottom line is this. If you think that that's what looks sexy, or handsome or put together for a woman. Nobody's thinking that guy's put together. |
| 1162 | 03:17:21,119 --> 03:17:29,939 | He's a clown. He's an entertainment piece. And that's it. Okay, made lots of money doing stupid shit. And, you know, whatever. That's one thing. He's young. |
| 1163 | 03:17:30,119 --> 03:17:39,839 | And I guarantee if he lives long enough, he'll come out and say I did. I'm sure. We all do. But when you're young, like I was young, I wanted to live a certain |
| 1164 | 03:17:39,839 --> 03:17:48,599 | life. I wanted the Ric Flair lifestyle. You know, I grew up listening and watching this guy carrying one. And long and short of it is, you know, when I |
| 1165 | 03:17:48,599 --> 03:17:57,539 | got the money, you know, I started doing that shit, rent limousines, going to new, really fancy restaurants, taking all my friends out there and just trying |
| 1166 | 03:17:57,539 --> 03:18:07,889 | to live it up. Because I wanted that public appreciation that, hey, look at that person right there. Because remember, I grew up modest 350 hours a week was a |
| 1167 | 03:18:07,889 --> 03:18:16,619 | lot of money. That was my grandfather's earnings at Essex, lumberyard. And we lived in what was called cardboard city, as it doesn't exist anymore, but it was |
| 1168 | 03:18:16,619 --> 03:18:27,839 | Villa gardens, okay, and that is white trash as you can get. That's where we come up from Middle River. And when you get a taste of having money, and you |
| 1169 | 03:18:27,839 --> 03:18:35,939 | heard other people in other neighborhoods and other areas in the state and local area where you grown up, and other schools that are better than their kids and |
| 1170 | 03:18:35,939 --> 03:18:44,759 | shit, and you're fucking their asses up in fights, but they're beaten you in all the opportunities in life because they are in a better position. Because they |
| 1171 | 03:18:44,759 --> 03:18:55,469 | can afford to go to better schools, they have a family that has both the father and the mother. And there, they have advantages that you don't have. I had all |
| 1172 | 03:18:55,469 --> 03:19:05,069 | that stuff growing up. And when I had a taste of real money, I wanted the exact revenge on everybody. Like it was like a fucking movie, new dialogue in my head |
| 1173 | 03:19:05,069 --> 03:19:14,009 | all the time. Like I wanted to show the world, you know, all the back in Terminator bullshit, you know, in the more I did that kind of stuff. And my |
| 1174 | 03:19:14,009 --> 03:19:20,369 | friends would be like, Man, this is awesome. What they're saying is, it's awesome. I gotta pay for it and you're paying for it. That's what they're |
| 1175 | 03:19:20,369 --> 03:19:27,839 | saying. And that's exactly what your friends are gonna say to you. But you're gonna interpret that as your awesome, you're gonna hear that your subconscious |
| 1176 | 03:19:27,839 --> 03:19:41,069 | is gonna hear you're awesome. Now you're a sucker. Just like I was being a sucker. Okay, I got wrapped up into a married woman issue. Because my friends |
| 1177 | 03:19:41,069 --> 03:19:52,409 | told her, I had money. She saw I had money, but she didn't know to what degree and I didn't know she knew that. So when she invites me into a situation where I |
| 1178 | 03:19:52,409 --> 03:20:04,409 | thought we're going to be friendly. We got friendly, but it costs me a lot. It cost me 21 years. So I had to live a life a different way, hide things from her. |
| 1179 | 03:20:04,889 --> 03:20:07,169 | And now I wasn't a deadbeat dad, I |
| 1180 | 03:20:07,170 --> 03:20:17,250 | had joint custody. But I beat her in child support, the courts came to the conclusion that, you know, I only had to pay $14 A month towards health |
| 1181 | 03:20:17,250 --> 03:20:30,810 | insurance. And they said, because it's only $14, they just waived it, and I carried health insurance on him. So winning is a thing for me. Okay, I tried to |
| 1182 | 03:20:30,810 --> 03:20:40,620 | make sure that I stay ahead of everything as much as I can. And I had to learn that from hardships doing dumb shit. school of hard knocks, getting into |
| 1183 | 03:20:41,010 --> 03:20:50,400 | situations that money put me into, and not knowing how to handle myself. So if you're thinking you're gonna take this stuff and run around and be an Andrew |
| 1184 | 03:20:50,400 --> 03:21:03,690 | Tate type fucking clown. A year. Look what just happened to him. Look, just look what happened to him. Okay, if you tried to be the hardest nail, somebody's |
| 1185 | 03:21:03,690 --> 03:21:11,670 | going to act like the fucking hammer and nail your ass, okay? And it could be somebody from fucking Texas, it's going to be somebody from, you know, some |
| 1186 | 03:21:11,670 --> 03:21:19,530 | authority, some have figured that it's going to come down and squeeze your ass, okay, and let you know that you're, you're insignificant, you can be touched. |
| 1187 | 03:21:22,200 --> 03:21:33,900 | But your friends and your family are going to paint a picture for you. That isn't going to be what you're expecting. On on either spectrum. You're they're |
| 1188 | 03:21:33,900 --> 03:21:45,030 | either going to be jealous of you, like my family was. They literally were so jealous. And then they wanted things given to them for free. My aunt uncle who I |
| 1189 | 03:21:45,030 --> 03:21:53,640 | pay room and board to my uncle, not so much, but my hand really took advantage of, you know, when I was earning under her roof, but if she would have said, pay |
| 1190 | 03:21:53,640 --> 03:22:03,540 | me more per week, I would have done that. Not Can you pay for a new pool liner? Can you pay for a new roof on our house? Can you pay for new furniture? Or can |
| 1191 | 03:22:03,540 --> 03:22:12,000 | you pay for our vacation to Florida when we can't afford to do it, and we want to go with your aunt that does have money and we don't want to be embarrassed by |
| 1192 | 03:22:12,000 --> 03:22:23,130 | that. And we don't have money to pay for this, that nothing and all those guilt trips that you don't realize that you're experiencing, that your friends and |
| 1193 | 03:22:23,130 --> 03:22:33,630 | family will put on you. Those things crop up, like easy. When you have money. You might not see it, or you might see it and it makes you turn it off and say |
| 1194 | 03:22:33,630 --> 03:22:43,770 | you know what, I'm gonna deal with money, which is eventually what happened. And I spent 10 years away from most of my family. My own children, not what I'm |
| 1195 | 03:22:43,770 --> 03:22:54,120 | referring to there, but I'm talking about cousins and aunts and uncles and things. I distance myself from all of them, because they didn't like I was able |
| 1196 | 03:22:54,120 --> 03:23:03,450 | to find success. And they work their whole life and oh still money on their homes, that they had to re mortgage and refinance and get equity out and live |
| 1197 | 03:23:03,450 --> 03:23:14,280 | their lifestyle and owe three times what their house cost back in the 80s. And you can't sell it for what they got wrapped up in debt. So they're miserable |
| 1198 | 03:23:14,280 --> 03:23:28,260 | people. And they are the product of what Alexander elder talks about, in his first portion of his book, trading for a living. The children of alcoholics are |
| 1199 | 03:23:28,320 --> 03:23:43,560 | absolutely victimized, and they grow up with mindsets that are so warped. Even if they never touched a drop of alcohol. They're still fucked up. And my aunts, |
| 1200 | 03:23:43,950 --> 03:23:54,870 | and my uncle and my mother are living testimony to that shit. And they never really amounted to anything. But they're miserable. Like I couldn't be around |
| 1201 | 03:23:54,870 --> 03:24:01,920 | them in the holidays, because all they talk about is everybody else in how so and so's this and someone says that and I'm listening to them. I'm like, You got |
| 1202 | 03:24:01,920 --> 03:24:11,790 | nothing. You're all broke. You're miserable. You're in debt up to your eyeballs. And you got the audacity to talk about other people. And that's why I can't be |
| 1203 | 03:24:11,790 --> 03:24:20,160 | around you in the holidays. It's a drain like vampires suck the life out of me. And for 10 years, my whole existence around the holidays ism and much better |
| 1204 | 03:24:20,160 --> 03:24:30,960 | experience. Keeping non toxic people out of your life. And in the beginning, when you start finding success, you're gonna wrestle with that once you realize |
| 1205 | 03:24:30,960 --> 03:24:38,250 | that they're toxic, and if you can't talk them into understanding they're being toxic, and it's not going to be probably successful if you tried to do it |
| 1206 | 03:24:38,250 --> 03:24:47,040 | anyway. The sooner you get away from that shit, the better because it will mess with you. You'll feel guilty about not being around them. Like you're like |
| 1207 | 03:24:47,040 --> 03:24:55,080 | you're being arrogant. You're being a jerk. You're being pompous. You're not you're living your fucking life. Hey, no shame in that. One says you have to be |
| 1208 | 03:24:55,080 --> 03:25:06,720 | around toxic people who says that you have to be around people that is constant li drama ridden, ate up with drama. If that's what your life is right now, the |
| 1209 | 03:25:06,720 --> 03:25:15,600 | only thing that's going to happen is you're going to make more of it because you have money. That's what's going to happen. You want to see somebody that is |
| 1210 | 03:25:15,600 --> 03:25:25,320 | successful, that has their shit together, how much drama they got going on around them? How much are they providing in terms of drama? How much are they |
| 1211 | 03:25:25,320 --> 03:25:34,560 | producing of that drama? That's how you tell whether somebody is successful or not. Because if they can find themselves in a position where they can just |
| 1212 | 03:25:34,980 --> 03:25:44,340 | remove themselves from drama, and not give a fuck what anybody says, Who cares, whether it be friends or family, who cares? that's successful, because they know |
| 1213 | 03:25:44,340 --> 03:25:52,650 | that they can't change that. You're not going to change especially if you're a young person, you're not equipped to you don't have the, the worldly experience |
| 1214 | 03:25:52,650 --> 03:26:01,110 | that unfortunately, like everybody else tells you right now. And that was I was told the same thing. You understand you get older? Well, at 50 I hope I know a |
| 1215 | 03:26:01,110 --> 03:26:10,470 | whole lot more than I did when I was 20. And the ass backwards way of thinking about money and relationships and people are totally different. Now, it's |
| 1216 | 03:26:10,470 --> 03:26:22,620 | diametrically opposed to what I felt and experienced as a young man, and coming up and making lots of money. That experience is, well, if you're not equipped, |
| 1217 | 03:26:22,980 --> 03:26:35,910 | mentally to handle it, you'll you'll self destruct. And while I wasn't a drinker, I didn't use drugs. My advice was pride and arrogance. Do you think I'm |
| 1218 | 03:26:35,910 --> 03:26:50,640 | arrogant? Now? I'm not. I was absolutely disgusting. Not like the Andrew Tate where it's oozing. Disgusting, okay. But it was close to it. And because I had a |
| 1219 | 03:26:50,640 --> 03:27:02,130 | chip on my shoulder, because my first wife leaving me for our man, and she was young, wasn't even 18 yet. And whole neighborhood knew about it. So the whole |
| 1220 | 03:27:02,130 --> 03:27:12,210 | neighborhood, shut his business down, ran up a bill and a tab for groceries and never paid it. And that was their way of getting back at what he did it to me |
| 1221 | 03:27:12,210 --> 03:27:24,600 | and my family. I didn't ask any of them to do that. Think about that. That's Instant Karma. And she's living a life with some guy, you know, honestly, 20 |
| 1222 | 03:27:24,600 --> 03:27:34,980 | minutes from where I live right now. And she's in no better position than she was when she left. And I'm living a totally different life. And I have been |
| 1223 | 03:27:36,210 --> 03:27:48,060 | often wondering, you know, what she would think if she knew, and you're gonna do that young men, you're gonna end young women for the ones that find success in |
| 1224 | 03:27:48,060 --> 03:27:57,360 | this and maybe some men have cashed it to the side. Because in, they didn't want to do with it or do anything with anymore, they found something better in their |
| 1225 | 03:27:57,360 --> 03:28:08,490 | eyes and chase something else. And as a man, you know, there comes a time when the term chasing tail, or chasing someone for another knock on your bedpost, |
| 1226 | 03:28:08,940 --> 03:28:17,220 | that's no longer a pursuit. You want to have a meaningful relationship, you want to be able to sit down and have a conversation with your best friend, who you're |
| 1227 | 03:28:17,220 --> 03:28:26,310 | also intimate with, in the race children with and you can confide in, and you can trust your finances with, that's a life partner. That's someone that your |
| 1228 | 03:28:26,310 --> 03:28:39,570 | whole life revolves around. And you want to do everything to make them happy. I am at that point where my wife is asking that of me. She has been very patient |
| 1229 | 03:28:39,570 --> 03:28:53,160 | with me, and allowed me to divulge a lot of my insights and experience and time with all of you. And I think that's reasonable. And I know it's going to be met |
| 1230 | 03:28:53,160 --> 03:29:00,600 | with some people saying, You're a jerk because you don't do this anymore. And blah, blah, blah. Just know that I know that some of you are going to say those |
| 1231 | 03:29:00,600 --> 03:29:10,980 | types of things. And I know that you probably don't really mean it in a way it's going to come out. But I don't give a fuck. Okay. I have a wife that I want to |
| 1232 | 03:29:10,980 --> 03:29:21,780 | maintain happiness with. I have a family. I'm a 50 year old man that can still boot scootin boogie. No, not a country van. But I want to be able to do that. |
| 1233 | 03:29:22,170 --> 03:29:31,770 | While I have time. And things might be getting harder, as I've been talking about. And I want to try to jump on that opportunity while I can. But I also |
| 1234 | 03:29:31,770 --> 03:29:45,180 | want to go out with a clear conscience knowing that I did everything I could except for trade your account for you. So if that isn't enough after next year, |
| 1235 | 03:29:46,080 --> 03:29:54,420 | I'm going to apologize and say I'm sorry I couldn't live up to your false expectations and unrealistic expectations because none of that shit was promised |
| 1236 | 03:29:54,420 --> 03:30:06,210 | to any of you anyway, but I know the result will be testimonial Like I've already received from all around the world anyway. And I think that even if I |
| 1237 | 03:30:06,210 --> 03:30:06,960 | just got one, |
| 1238 | 03:30:08,639 --> 03:30:20,759 | the young man from Germany, they sent me the card and a little keychain, those shamrock and how it stayed in the envelope, I don't know, because the literally |
| 1239 | 03:30:20,759 --> 03:30:29,219 | the The envelope was split on the right side. And all I had to do was pick the envelope up and turn it to its side, and then the keychain came out. I'm like |
| 1240 | 03:30:29,249 --> 03:30:37,799 | how the hell does come all the way from Germany and not fall out. So he sends me this link to a YouTube channel where he leaves me a message and my wife and I |
| 1241 | 03:30:37,799 --> 03:30:45,449 | were watching it. And he was struggling to try to wish us a Merry Christmas and a Happy New Year. And it shows appreciation for what he's learning and such. And |
| 1242 | 03:30:45,449 --> 03:30:54,719 | it was emotional to watch that because he didn't have to do that. Like he didn't have to do those things at all. And it didn't cost much, I'm sure in terms of |
| 1243 | 03:30:54,719 --> 03:31:05,759 | money. But the aspect of him taking the time out to say, hey, look, I appreciate what you've done. And thank you. And he let me see his face, he let me hear his |
| 1244 | 03:31:05,759 --> 03:31:15,839 | own tongue, his own, you know, his own voice say that. I've had so many of those things. And they're touching, they're moving to me. And I have a face. To put |
| 1245 | 03:31:15,839 --> 03:31:25,469 | you I have a lot of screen names. I have a lot of student IDs, and all these people with names, I don't know how to associate anything with them. Some of |
| 1246 | 03:31:25,469 --> 03:31:36,869 | you, I know you by your profile picture, that ain't even you. It's something not even a human. It's some kind of icon. But the majority of you, I don't know your |
| 1247 | 03:31:36,869 --> 03:31:45,149 | voice. I don't know what your face looks like. But I have a lot of them that have shared that with me. And I want that so much. Because that mute and I |
| 1248 | 03:31:45,149 --> 03:31:51,419 | haven't shared them that like I haven't never put them out there probably I would never do that. They're for me. They're for me and my family, my my life |
| 1249 | 03:31:51,419 --> 03:31:55,619 | sees these. Number one, she gets to see how it impacts me. |
| 1250 | 03:32:05,640 --> 03:32:23,010 | And she moved by because it makes it more palatable for her. She understands. Now, when she sees it's not just a video going up on YouTube about a video game. |
| 1251 | 03:32:24,420 --> 03:32:31,260 | It's like, in her eyes, it's like these folks that make these video game. YouTube channels are playing video games, and they're talking shit at once, you |
| 1252 | 03:32:31,260 --> 03:32:40,650 | know, talking smack and I'm playing you, I'm beating you that. That's her. That's what she's always viewed it as. Like she's like, it's a video game. And |
| 1253 | 03:32:40,650 --> 03:32:50,940 | I'm just talking other people I'm competing against not realizing that I'm pouring myself out into all of your lives, in your understanding. So that way |
| 1254 | 03:32:50,940 --> 03:33:07,860 | you can be better. And when she hears it, and she sees it I'm thankful for that. Because clearly my talking about it wasn't enough articulation for her to really |
| 1255 | 03:33:07,860 --> 03:33:28,380 | get what it is that drives me. All of you. Every single one of you. I felt just like you feel or felt when you first started. And it was scary. It was |
| 1256 | 03:33:28,380 --> 03:33:34,050 | stressful. I felt like I was never going to get it. I felt like I was never going to figure this stuff out. |
| 1257 | 03:33:39,330 --> 03:33:54,900 | It just feels good to be in a position where I know that I know. And I can share it with you. I'm so thankful that the Lord has given me time to do it. energy to |
| 1258 | 03:33:54,900 --> 03:34:07,320 | do it. The resources to do it. And the desire because as a young man, I never would have done this. I wouldn't have cared. I liked being the only one that |
| 1259 | 03:34:07,320 --> 03:34:23,220 | could do it. I got off on that. And that's how you tell maturity. It it's slowly happened by looking at people struggling on baby pips and seeing their shit that |
| 1260 | 03:34:23,520 --> 03:34:34,050 | they tried this and losing money and they're getting frustrated. Now sit back here quietly unbeknownst to all of you. I have all the answers. And I felt |
| 1261 | 03:34:34,050 --> 03:34:52,890 | guilty like man I don't want to be the center of attention as much as some of you people think I do. I don't and I had to find a way where I could be |
| 1262 | 03:34:54,900 --> 03:35:20,340 | influential. Be under the radar and still make an impact. So the approach I use is what you seen. And I'm just I'm impressed that it caught fire like it did. No |
| 1263 | 03:35:20,340 --> 03:35:32,970 | advertising, in all, only people dabbling in it, seeing it work for themselves and spreading the words, and this is what I'm doing. And it's neat, it's really |
| 1264 | 03:35:32,970 --> 03:35:46,500 | neat to see it, because it's not about me, it has nothing to do with me. It's the whole experience of it all. And all of you have unique experiences. And when |
| 1265 | 03:35:46,500 --> 03:36:00,090 | I get to see you explain what it's done for you. It's amazing, it really is amazing. And I love it. Like I absolutely love having a face associated with a |
| 1266 | 03:36:00,090 --> 03:36:21,270 | student that put the time and effort in and listening to them weep. And sharing that with me can't put a price tag on it. It stays with you. |
| 1267 | 03:36:41,040 --> 03:36:45,960 | I'm just very thankful that I've been given an opportunity to be someone like this |
| 1268 | 03:36:53,730 --> 03:37:08,250 | I hope that I'm helpful to all of you in the coming year, and I hope that you learn more from me, and you become a better person, not just as a trader. But |
| 1269 | 03:37:08,250 --> 03:37:10,170 | you're inspired to do more for other people. |
| 1270 | 03:37:15,360 --> 03:37:30,360 | I think if you measure everything in that, you're gonna find a much more purpose driven life, not about money, and things. And you're certainly to be much more |
| 1271 | 03:37:30,360 --> 03:37:44,880 | interesting to other people. I learned that the hard way, I thought, the bigger wallet, the bigger toys and things. But Garner that only for so much. And then |
| 1272 | 03:37:44,880 --> 03:37:56,190 | when they get around you, they find out who you are, and you're not an ugly person inside. Doesn't matter how much money you have, then nobody really wants |
| 1273 | 03:37:56,190 --> 03:38:07,680 | to entertain you. And they finally get to the point where you might pay for dinner and you might pay for all the fun stuff. But I have other plans tonight. |
| 1274 | 03:38:11,070 --> 03:38:26,460 | That's what what happened to you. And that's exactly what happened to me as a young man. So anyway, I think that's going to be enough for this. I wanted to |
| 1275 | 03:38:26,460 --> 03:38:38,430 | have an opportunity to thank you all for spending your time with me this year, helping me grow our community. I'm very appreciative of that. Think our |
| 1276 | 03:38:38,430 --> 03:38:49,650 | community is a unique one. For the most part, we all encourage one another and I'm thankful for that. I'm thankful that you all appreciate the fact that this |
| 1277 | 03:38:49,650 --> 03:39:05,190 | doesn't really have a place of deserving or that you're entitled to receive it. And you all understand that it's a gift. And I'm thankful that for the most |
| 1278 | 03:39:05,190 --> 03:39:20,730 | part. You've all been respectful of me and I'm thankful for that my wife is thankful hoping that you all appreciate what I'm going to do next year. And it's |
| 1279 | 03:39:20,730 --> 03:39:25,440 | my prayer in Jesus name that I'm able to reach more of you. |
| 1280 | 03:39:34,500 --> 03:39:46,260 | I'm just excited to see where you all go with it. So later tonight, when you're ringing in the new year, just know I'm going to be smiling and thinking about |
| 1281 | 03:39:46,260 --> 03:40:01,410 | all of you. I don't know all your faces. I don't know all of your names. But all of you are in my thoughts. You're in my prayers and you're all my goal. In 2023 |
| 1282 | 03:40:03,000 --> 03:40:14,100 | Have a happy and safe New Year tonight. And I will speak to you again probably on Tuesday. Until then, be safe |