028-ict-tw-spaces-20230529-Navigating-Markets-and-High-Probability-Trading
Last modified by Drunk Monkey on 2023-06-09 08:42
Outline
00:25 - Intro to the twitter space.
- Good morning and welcome to the show.
- Memorializing those who have died in the military.
03:09 - It’s easy to be lazy and not put the time.
- Being the last person he tried to listen to.
- Toxic mindset of not being available.
- The importance of taking 100% personal responsibility.
- The first few years of trading.
06:51 - The question of whether or not it’s worthwhile.
- The first year of college.
- The haunting desire to be something different.
- Social media has provided a wonderful stage for the enemy.
- Everybody wants the attention.
09:58 - The importance of having a demo account.
- Being the bad boy in the financial sector of Twitter.
- The flavor of the month.
- Using a demo account to trade candlesticks.
- The best growth comes from organic
- Not interested in meet and greet type of things.
- The world is becoming toxic.
17:30 - Mentorship and learning from mentors.
- Everyone in trading has picked up a book.
- The problem with the first few years.
20:10 - Why do you want to be successful?
- Proving something to the world and feeling good about yourself.
- Trading aggressively to make money.
- Finding a purpose in life and finding his purpose.
- Finding his purpose in trading.
24:38 - The desire to be identified and recognized.
- The desire to be number one.
- Why he's putting down inner circle trader in November.
- The whole purpose of putting out there.
- The million dollar bounty.
28:07 - Drama marketing doesn’t work.
- The things that derail a trader are always internal.
- Drama marketing does not work.
- Seasonal tendencies, sell off or weakness in the month of May.
- Seasonality and markets.
- How steve moore revolutionized the viewpoint of seasonality.
- Seasonal tendency charts.
36:12 - The importance of knowing how to trade.
- The 90% losing statistic in trading.
- The first step to becoming profitable.
39:00 - What do you want to do with your life?
- What he wanted to do with his job.
- How he became a buyer.
- Looking at a 9 and 18-day exponential moving average on a daily chart.
- 50-day sloping up.
42:44 - The importance of sleep and how to get it.
- Why eight hours of sleep is a waste of time.
- The fear of moving to Mehta.
- How to use indicators to make money.
- How to avoid the rat-race.
47:00 - How did you get into the trading of bonds?
- Bonds are a great trend, but gaps are scary.
- The 50-day moving average.
- Looking for 60-minute or one hour oversold conditions.
- Buying limits vs buying strength.
- Showing the world that you're pissed off.
- How to deal with a losing trade.
54:07 - Moving away from bonds to index futures.
- The ict model and trading the bond market.
- Trading the stock market and bonds.
56:35 - Blaming yourself and blaming everything else.
- Blaming yourself and blaming yourself for losing.
- Naked action and rate of change.
- The first thing to do is take everything off the charts.
- The difference between apples and oranges.
01:00:06 - Setting a clock to the economic calendar.
- Setting the tone for the new week.
- Using the june contract vs the continuous contract.
- Opportunities show the inefficiencies in thinly traded contract months.
- Mentoring and mentorship.
01:04:11 - The difference between macro perspective and micro perspective.
- Understanding short-term expectations in the context of higher-timeframe action.
- Fake bull flags in trading.
- The pain of losing $6,000 per contract.
- Lessons learned from the gapping feature.
01:09:24 - Commitment traders and how they trade.
- Understanding of commitment traders was not what it is today.
- Losses suck. All losses suck.
- One small mistake doesn't make the model inefficient.
- Every trader loses money.
01:13:27 - Swing trading in higher timeframe charts.
- Understanding what makes book work the way it does.
- The epiphany that changed everything.
- The first objective is to look for low-hanging fruit.
- The 60 minute low.
01:16:45 - How to trade a market that wants to move lower.
- The best seasonal tendencies are the ones that fail.
- How long it takes to write down the 4111 and a half level.
01:20:00 - What about the seasonal tendency to go lower?
- All tenancies are not the panacea.
- The seasonal tendency to go lower.
- Look at the weekly chart again.
- Look at who can be hurt the most.
- Nasdaq is a strong market to trade in.
- Narrowing focus to one or two markets.
- Listen to yourself as a trader or developing student.
- What's going to happen now.
01:28:59 - How to play the market in real time.
- Teaching practically based on real-time charts.
- The hate wagon on youtube.
01:32:06 - The silver bullet that never misses.
- The journey of becoming a professional trader.
- The psychological warfare of trading.
- Putting the time in to do the right things.
- The silver bullet.
01:35:32 - The importance of using the right timeframes.
- High timeframe trading on intraday.
- How to use the information to make money.
- When he was younger, he did the same stupid shit.
- Being right vs being wrong.
01:39:06 - How to see the draw on liquidity?
- How to fix back testing.
- How to see the draw on liquidity.
- Private mentorship and private mentorship for charter members.
- Never teaching to anyone outside his family.
- Getting comfortable with the period of time between trades.
- Blaming in victories.
01:46:27 - Stick to the model and take time off.
- Set up a tent and live there for a little while.
- Stick to the model.
01:49:17 - The charts tell the story of the market.
- Charts tell the story, not the media.
- How to determine what it means in intraday charts.
- Look at the technicals and ask yourself this question.
- The pdr-matrix.
01:53:28 - What are you doing with your charts?
- Three opportunities per day, three trading sessions per day.
- Most muscle growth comes from failure.
- You're victimizing the unlearned and the neophyte.
- Nothing can beat this. Nothing can beat you.
01:57:42 - Do you know the people that are losing money?
- You can lose and lose more than you have in this market.
- The ictemus trade, never loses, and how to fix it.
- Not following the rules and not getting the results.
- Being accountable to yourself.
- Consistency and profitability is a learning process.
- The dream-like state of profitability.
02:06:58 - Learning how to trade properly.
- Learning how to control yourself in a losing trade.
- Mental capital vs physical capital.
- Being content with enough is enough.
- Mental capital needs to be increased.
02:11:28 - Having the right mindset and skills.
- The missing piece of the puzzle.
- Trading with a demo vs real money.
- No emotional commitment that holds him back from using a demo.
- Quality over quantity.
02:15:52 - The importance of being a good mentor.
- Bridging the gap and not being the best mentor.
- 20 year old michael.
- The minimum is a year to be profitable.
- The basics of trading.
02:20:23 - How to look for patterns?
- Looking for a pattern in the market.
- Who stands the game in this market.
- Look for inefficiencies or buy stops above the marketplace.
- What to focus on this week.
- Being content with enough in the first year.
- Minding someone else's business.
02:28:14 - Do the work of testing yourself.
- Testing and conditioning yourself throughout the year.
- What success means to james.
- A million dollars is not a lot of money.
- Expectations of what success is.
02:31:32 - Being a good steward of time with family.
- Being a good steward with his time with his family.
- Balancing time and money.
- The 1440 series, from the heart.
- The importance of doing simple things.
02:36:25 - The money doesn’t compensate for the pain.
- Losing the money doesn't compensate for the loss.
- Being devoured by his kids.
- The biggest point of his career as a mentor and teacher.
- Mentor, mentor and educator.
02:40:20 - I didn’t set out to be an entrepreneur.
- How larry williams helped him get to where he is today.
- Being uncomfortable with attention.
- I don't want to be ict the rest of my life.
- No more ict in November.
- The importance of community, industry and industry.
- How to connect with inner circle.
02:49:01 - Looking at the weekly chart for liquidity.
- What a weekly chart means to bullish and bearish traders.
- Daily bias.
- The weekly chart gives us a macro perspective.
- The daily chart focuses on the economic calendar.
02:53:18 - How to time the market.
- The silver bullet time frame for one hour trading.
- How to use the 2020 model.
- High frequency trading entry mechanism on the second chart.
- Consistency in finding setups.
02:56:15 - How to look for quality over quantity.
- Looking for quality over quantity on thursday.
- The silver bullet setup for consistent profitability.
- Waiting for the time when manipulation occurs.
- How to know when to re-enter the market.
03:00:12 - The importance of experience in trading and learning.
- Experience is the key to trading.
- Nobody wants to hear this.
- Be patient and disciplined with time.
- Learn from experience and learn from pain.
- Everybody can go out there with hindsight and talk about what's already happened.
- Record your executions.
03:07:58 - Be real and don’t try to tear other people down.
- Patrick, be real and don't tear other people down.
- Patrick's strengths when he's real.
- Taking yourself away from the charts.
- Predicting the future, not reacting to anything.
03:11:04 - What does it feel like to be right following logic?
- Get out there for a couple of months.
- The truth is the facts.
- Bringing in his own baggage.
- Mental baggage and how to get rid of it.
03:14:54 - Freedom to trade every day.
- Freedom to trade every day.
- One night stands with a one night stand.
- Encouragement to be open and honest in trading.
- Be honest with your trading.
03:18:22 - How to overcome fear of losing.
- Fear of losing and not getting out at the right time.
- Never satisfied with his exits.
- Youtubers, do a video this week.
- How to make money in one month.
- Mental baggage coming in to the market.
- Boredom and impulsiveness in trading.
03:26:46 - How to deal with bad experiences.
- Trading with scar tissue and mental baggage.
- How to deal with trading with bad experiences.
- The problem with trading with a demo account.
- Edibles have added alcoholism to trading.
03:30:17 - How to be the person that proves me wrong.
- Women are codependent on a male breadwinner.
- Some relationships are not healthy for women.
- How to know if a man really loves you.
- How to identify a codependent relationship.
03:33:46 - I have a good wife and a deadline.
- A good wife wants more of it.
- The 1440 video series is not a filler.
- Lisa is an introverted person, and is uncomfortable in public.
- Memorial day wishes.
Transcription
| 1 | 00:00:25,410 --> 00:00:39,030 | ICT: Well, good morning, good morning, the morning. hope everybody's doing well. It's been a little bit since we had our last ICT shotgun, Twitter space, |
| 2 | 00:00:39,060 --> 00:00:51,120 | whatever you want. It's not Saturday, like I usually do it. But it's going to be one of those. I don't know how long it's going to be sessions, it depends on |
| 3 | 00:00:52,050 --> 00:01:06,570 | wherever my impulses take me is your first time listening to one of my live Twitter spaces, it's probably better if you don't listen to it with children |
| 4 | 00:01:06,570 --> 00:01:18,150 | around because I have a tendency to go off. And sometimes use colorful language that may not be suitable for children. I'm gonna do my best. Obviously, he's got |
| 5 | 00:01:18,180 --> 00:01:28,080 | to go through that as much as some of you like to hear. I don't like that part about me. But for those of you who are veterans, or active in the armed forces, |
| 6 | 00:01:28,080 --> 00:01:39,270 | thank you very much for your service. Today, we're memorializing those that are gone. I was never in the military, by the way, I was raised by military folks. |
| 7 | 00:01:40,080 --> 00:01:56,610 | And they pretty much talked me out of it, I was going to do the Navy, but what total allies. I want to talk a little bit about navigating the markets and high |
| 8 | 00:01:56,610 --> 00:02:07,110 | probability trading. And I'm going to kind of like, revisit some ideas as I go along, that we've either touched on or taught in great detail on my YouTube |
| 9 | 00:02:07,110 --> 00:02:22,530 | channel. And kind of like recalibrate you. Because sometimes, it's easy for us to get distracted with the everyday chores of running a family. If you're alone |
| 10 | 00:02:22,530 --> 00:02:30,870 | or solo, it's still enough for you to be distracted with your own personal endeavors and work and school and whatever it is you may be having that draws |
| 11 | 00:02:30,870 --> 00:02:39,600 | your attention or energy, suck the life out of you, you know, want to study, you don't want to look at the chart, you want something really easy, something 123 |
| 12 | 00:02:39,630 --> 00:02:51,060 | Get me in, and I'm done. I don't want to think too much about the marketplace. I've tried to do the best I could this year to try to adopt some kind of a |
| 13 | 00:02:51,060 --> 00:03:04,530 | teaching approach for the folks that are met with that type of challenge. And I understand that, you know, the more advanced things I'm making available to |
| 14 | 00:03:04,590 --> 00:03:15,480 | everyone can feel a little overwhelming. And it's easy for someone that doesn't have a lot of time, or is lazy and I'm going to be honest, it's most of the |
| 15 | 00:03:15,480 --> 00:03:23,730 | time, it's that. And sometimes readers or listeners see that from me. And it offends them. They think you know, who's this guy? I'm not listening to me |
| 16 | 00:03:23,730 --> 00:03:32,250 | talking. He's talking down to me. No, I'm, I'm telling you the facts. I mean, most of most of the students that come through my fold, whether it be private |
| 17 | 00:03:32,250 --> 00:03:43,500 | mentorship, or public now that I'm teaching for free. The ones that don't make it, they swear up and down, that they put the time and they swear up and down. I |
| 18 | 00:03:43,500 --> 00:03:49,350 | saw a guy the other day on Twitter, I'm sick and tired of hearing I haven't studied long enough or haven't put the time. And when I see that I mute you. |
| 19 | 00:03:49,980 --> 00:04:02,070 | I'll let you see my stuff, but I'm gonna mute you. Because that's just the toxic mindset. You know, took me six years. Six years, with no encouragement, no one's |
| 20 | 00:04:02,070 --> 00:04:15,960 | sitting here, pouring their insights and encouragement into me. Yeah, I had the Lord. I shouldn't say that. In terms of educators or teachers or people I bought |
| 21 | 00:04:16,740 --> 00:04:29,310 | books and courses and stuff from none of them, made themselves available like I tried to do for you. And I went through a lot of emotional turmoil, |
| 22 | 00:04:29,670 --> 00:04:39,600 | psychological carnage, and it was all self induced. But at the time, if you were asked me, I would have swore up and down it was the last person I tried to |
| 23 | 00:04:39,600 --> 00:04:50,070 | listen to. And that's a bitter pill to swallow when you're brand new, or if you know you're impulsive, or lazy. It's easy to say, oh, it's that guy's fault. |
| 24 | 00:04:50,070 --> 00:05:00,750 | It's that person's course that messed me up. When it's just you trying to relinquish all responsibility. And in this industry, you have chosen Whether you |
| 25 | 00:05:00,750 --> 00:05:12,900 | realize it or not, to take on one of the most challenging things, and it requires the utmost focus, and 100% personal responsibility, there's nobody's |
| 26 | 00:05:14,730 --> 00:05:30,540 | fault. There's no bodies. Ma blame for anything you do with your money, but you, I don't put some kind of hypnotism on you, and make you buy or sell anything. |
| 27 | 00:05:30,750 --> 00:05:40,680 | And no other educator does that either. If they, if they have aware for a product, and you use that as a catalyst to get into a trade, and it loses whose |
| 28 | 00:05:40,680 --> 00:05:54,060 | responsibility is that? Yours, absolutely yours. And it's easy to feel like you're a victim, when you're unorganized. And it's convenient for people to, to |
| 29 | 00:05:54,060 --> 00:06:03,060 | reach for that as an excuse. Well, you know, this guy really is not teaching everything, he's holding something back or, you know, the free trial worked, it |
| 30 | 00:06:03,180 --> 00:06:12,450 | sucked me into it. And then when I tried to use it, you know, paying for it, you know, the black box system failed me, you know, that's somebody that is really |
| 31 | 00:06:12,450 --> 00:06:21,660 | not equipped to be a trader, I'm gonna be blunt and tell you that's exactly what that is. And if you're trying to be a trader, you have to understand in the |
| 32 | 00:06:21,660 --> 00:06:30,960 | first few years, it's going to be a lot of uphill. And it's going to be a lot of hit and miss, where you think you have it. And then you fall back a few steps. |
| 33 | 00:06:31,200 --> 00:06:40,380 | And it's easy. If you're lazy. It's easy. If you're not committed enough passionate about wanting to do this, to talk yourself right out of it. That's |
| 34 | 00:06:40,380 --> 00:06:49,590 | why a lot of college dropouts drop out. There, you're told by friends and family, or influenced by someone that they like, and they say, Well, I'm going |
| 35 | 00:06:49,590 --> 00:07:00,750 | to follow that person's footsteps. And they start their pursuit of the college degree. And then their first year, they're thinking, Is this too much? And many |
| 36 | 00:07:00,750 --> 00:07:09,630 | times, just the prerequisite the question, the question of whether or not it's worthwhile for them comes up more frequently, because they don't like what |
| 37 | 00:07:09,630 --> 00:07:24,930 | they're doing. They're not passionate about it. And when I was a working man, in my 20s, I was plagued with this haunting desire to just be out of the normal. I |
| 38 | 00:07:24,930 --> 00:07:33,930 | wanted to be something different. I don't want to be caught in this mundane existence that everybody in my family thought that they were successful because |
| 39 | 00:07:33,930 --> 00:07:44,010 | they had a 30 year mortgage on a house and paying 11% interest on their mortgage. And it's your your mitching. Right now, the interest rates are high |
| 40 | 00:07:44,010 --> 00:07:51,540 | for mortgages, but I've watched my uncles and aunts, you know, buy homes for 80,000 or 90,000, which were at the time, they're pretty decent houses. They're |
| 41 | 00:07:51,540 --> 00:08:04,200 | not upscale, obviously. But, you know, one of my aunts and uncle, they owe more three times more than their house was sold to them at that purchase price. |
| 42 | 00:08:04,680 --> 00:08:14,820 | Because they have not been good stewards of their money and finances, and they made poor decisions. I didn't want to follow anyone's footsteps. When I was |
| 43 | 00:08:14,820 --> 00:08:27,480 | coming up, I just wanted to be different, I wanted to trailblaze and everybody around me, did their best to try to discourage me. And that's typically how the |
| 44 | 00:08:27,480 --> 00:08:37,710 | enemy works. He'll slip in and enter the mouth of your loved one, your friend, your co worker, and social media has provided a wonderful stage for the enemy |
| 45 | 00:08:37,710 --> 00:08:48,390 | because he can slip into DMS, he can slip into a tweet or a response or apply our comment section on a YouTube video and steal your joy steal your pursuit of |
| 46 | 00:08:48,720 --> 00:09:00,810 | excellence and your passion. And it's really important when you're navigating these markets that you really do your best to tried not to have so much |
| 47 | 00:09:01,140 --> 00:09:14,970 | influencers around you. Because influencers well, let's just put it bluntly, everybody wants the attention because the attention equates to clicks and clicks |
| 48 | 00:09:14,970 --> 00:09:27,570 | equates to monetize monetized, YouTube videos or eventually a sale in the future. Okay. Many of the things that have been said about me over the years |
| 49 | 00:09:28,770 --> 00:09:39,330 | I've been doing very detailed approaches, but still being in my own lane to try to dismiss all that stuff for the people that have been here for a long time. |
| 50 | 00:09:40,050 --> 00:09:46,980 | They don't need to worry about those things because they see the fruits and the evidence that all the things that I've been teaching saying are in fact the |
| 51 | 00:09:46,980 --> 00:10:01,230 | truth but influencers they do what I did, and kind of like pioneered it with social media, at least in fin to it. You know when in The financial sector of |
| 52 | 00:10:01,320 --> 00:10:08,910 | Twitter, you know, I was the bad boy, when I came out there I was in everybody's face and challenging them to do this and share that. And the ones that would |
| 53 | 00:10:08,910 --> 00:10:12,600 | talk a lot usually clammed up and you knew they were the ones that were able to do anything. |
| 54 | 00:10:13,889 --> 00:10:25,889 | And I learned that the ones that talk the most shit, they usually were having the easiest crowds to gather. So I went upscale on that, like I went full bore |
| 55 | 00:10:25,919 --> 00:10:42,029 | in everybody's face and was like a troll. And I knew that the initial crowd would create like a chatterbox. And that chatterbox, is viral. Because if they |
| 56 | 00:10:42,029 --> 00:10:47,939 | can create an atmosphere, and I promise you, I'm going to get to some trading stuff. But it's important for me to set the foundation for this and why I'm even |
| 57 | 00:10:47,969 --> 00:10:59,339 | talking to you today. But I had went out there and, and poked, the people that everybody looked up to as heroes, and they just got real quiet. They weren't |
| 58 | 00:10:59,339 --> 00:11:07,979 | able to show anything, they weren't able to call anything advanced. Nothing wouldn't show any executions. But they would give you these stories over their |
| 59 | 00:11:07,979 --> 00:11:20,669 | 20 year career. And, you know, the bottom line is, I understand that, that seems like the easy approach and a lot of folks on YouTube, or Instagram or Twitter, |
| 60 | 00:11:21,389 --> 00:11:28,829 | they'd like to come in like tik, tik, they're potshots at me, hoping that they'll get a rise out of me, because if I engage them, that gives them an |
| 61 | 00:11:28,829 --> 00:11:39,269 | audience, you're gonna have to earn your own audience, folks. I mean, when you get a crowd, I can bark. I can bark and like a carnival barker and bring people |
| 62 | 00:11:39,419 --> 00:11:47,129 | used to look at a train wreck scene, okay, something that everybody wants to come and take a look at. And you may not really be interested in what I'm |
| 63 | 00:11:47,429 --> 00:11:59,579 | teaching. But I have a lot of students that came to me by way of drama, and moreso by everyone else's drama about me. And that's like, the that's the thing |
| 64 | 00:11:59,579 --> 00:12:08,489 | right now, the flavor of the month is what can we say about ICT and how we can make his stuff easier, faster, or why it doesn't work when everybody else is |
| 65 | 00:12:08,489 --> 00:12:23,219 | making money with it. And I'm here to remind the folks that are influencers, I promise you come November, your circle of influence will grow. Right now I'm the |
| 66 | 00:12:23,219 --> 00:12:34,049 | interest. But I'm stepping away from it not because anyone pushed me away. But I want my personal life back. And I knew when I drew a crowd with drama, I had |
| 67 | 00:12:34,049 --> 00:12:44,489 | something that would make them stay. You can't just garner a crowd in your influence, or your your circle of influence on social media. And assume that |
| 68 | 00:12:44,489 --> 00:12:55,199 | that's going to equate to you having a meteoric rise, or more people interested in you have to have something of substance. And even at the height of my drama |
| 69 | 00:12:55,199 --> 00:13:02,879 | on Twitter, when I would go and poke Everybody say, can you do this? And I'm doing this with a demo account, folks, I hope he's done this with a demo. And |
| 70 | 00:13:02,879 --> 00:13:11,069 | I've disarmed all of them, because they want to come and say, you know, you're using a demo? Yes, I'm absolutely using the demo, because I'm teaching. And I'm |
| 71 | 00:13:11,069 --> 00:13:19,409 | outside the scope of any legality. By doing that, because I'm not acting as a financial adviser. We're talking about candlesticks, and where they're gonna go |
| 72 | 00:13:19,409 --> 00:13:28,919 | next. You can't lose money on that. And you can't make money on that. But the people that read between the lines, they say, wait a minute, now this guy is |
| 73 | 00:13:28,919 --> 00:13:41,219 | doing it with a demo account. And I learned what he's doing. What could I do with that? Exactly, exactly. But the the folks out there that try to compete |
| 74 | 00:13:41,219 --> 00:13:50,999 | against me. They'll make all kinds of nonsense. They'll talk about me underlines live streams talk about how I only trade in a demo. That's not true. I teach in |
| 75 | 00:13:50,999 --> 00:14:00,449 | a demo. I teach a lot in a demo. Because if I'm going to be your educator, and I am not influenced or deterred by anyone, and social media that says you're |
| 76 | 00:14:00,449 --> 00:14:13,319 | teaching or trading a demo account, bro, really? Look at what I've done with a demo. I don't do any advertising. Everything that has grown in our community is |
| 77 | 00:14:13,319 --> 00:14:27,629 | organic. You know what the best growth has come by me not being dramatic. There's a lesson in that folks. The internet is huge. Okay, and for those that |
| 78 | 00:14:27,629 --> 00:14:36,959 | are trying to get their own little thing going on or had been doing it and haven't really got their footing yet. There's such a huge audience. I'm not |
| 79 | 00:14:36,959 --> 00:14:46,109 | taking your audience from you. I'm not preventing your audience from seeing you either. I've done nothing except for just stayed in my own lane. And people that |
| 80 | 00:14:46,109 --> 00:14:53,099 | come here, they want to learn how to read price action and eventually become their own trader. They're finding that they're finding me as a resource of |
| 81 | 00:14:53,099 --> 00:15:04,619 | conduit. I don't want to be a celebrity and that trades by man I saw your tweet. I'm not are interested in having like a show up and meet and greet type type of |
| 82 | 00:15:04,619 --> 00:15:12,719 | thing like that it's nothing against you, I get that literally every other day, either I get hit by an email, or companies will reach out to me brokerage firms |
| 83 | 00:15:12,719 --> 00:15:23,369 | will reach out to me, prop trading firms have reached out to me like that. I don't want to be a celebrity. And if I do those types of things, it would |
| 84 | 00:15:23,369 --> 00:15:32,489 | appear. That's not the case, that in fact, I'd be wanting more attention. When I don't want the attention, I want you to learn, I want you to learn how to read |
| 85 | 00:15:32,489 --> 00:15:41,309 | price action. So I'm not interested in anyone come into my home and having a meet and greet. And I'm not interested in going to your home, or wherever you'd |
| 86 | 00:15:41,309 --> 00:15:50,489 | be, and have a meet and greet and have an interview. I'm not interested in it. I'm really not that interesting. I know. There's a lot of mystique around me and |
| 87 | 00:15:50,489 --> 00:16:05,339 | all that. But I'm just a plain old guy, like I try to live a regular life. I'm blessed. The Lord has richly blessed me. And I just want to enjoy the latter |
| 88 | 00:16:05,339 --> 00:16:14,219 | portion of my life. And I don't want to be primarily driven by what these markets are doing, or who wants to learn this or that from me, which is the |
| 89 | 00:16:14,219 --> 00:16:21,479 | reason why I'm like writing the books. So whatever I write in these books, that's my final word on the matter, there isn't going to be like future |
| 90 | 00:16:21,479 --> 00:16:32,579 | mentorships or future one on ones or anything like that. I'm not interested in that. Like I'm, I'm tired. Okay, I'm tired of it. Because the world's becoming |
| 91 | 00:16:32,579 --> 00:16:41,429 | much more toxic. And whenever you find someone that has something that works really, really well nobody else can compete with it. In terms of precision, the |
| 92 | 00:16:41,429 --> 00:16:53,459 | level of detail that is predictable, you can anticipate not react, you can anticipate these things in price. It makes you feel inferior, and that |
| 93 | 00:16:53,459 --> 00:17:05,129 | inferiority complex. You can see it in other YouTubers, other social media entities. If I could have a field day with a younger ICT like 10 years ago, um, |
| 94 | 00:17:05,159 --> 00:17:17,849 | goodness, I would be absolutely loving this right now. But I don't I don't want to do it. I don't want to do it. I've either it might mean I've grown older, and |
| 95 | 00:17:17,849 --> 00:17:31,889 | I'm getting into those really fuddy duddy ages or I just lost my interest in the fun in sport and is no longer there. So now when I talk to you, even the folks |
| 96 | 00:17:31,889 --> 00:17:38,909 | that say they never watched my videos, but they always come out with something that I've said, it's almost like they pick up my vernacular. But they'll swear |
| 97 | 00:17:38,909 --> 00:17:48,089 | up and down. I don't ever watch it DVDs. I've never read a book on day trading. I don't know why people say that stuff. When it's not true. It's obvious that |
| 98 | 00:17:48,089 --> 00:17:56,969 | that's not true. Okay. Everybody in trading has picked up a book, I've read lots of books, I bought lots of courses, I bought courses from other mentors, people |
| 99 | 00:17:56,969 --> 00:18:05,249 | that you probably know, maybe some people you haven't never known before. And the thing that comes up a lot through the people that either have a search |
| 100 | 00:18:05,279 --> 00:18:14,969 | service or a source of mentorship of some kind or something in trading, they're trying to market or whatever. They'll say I've taken things and rebranded it, |
| 101 | 00:18:15,209 --> 00:18:22,319 | and the folks that have sat down and did the work on this stuff. And even from the people from those specific areas of study, for instance, like supply and |
| 102 | 00:18:22,319 --> 00:18:31,859 | demand. Everybody insists that order block is supply and demand. And it's not. It's absolutely not. And the fact that there's a change in the state of delivery |
| 103 | 00:18:31,979 --> 00:18:43,529 | of price completely removes the idea of any supply and demand factors. Because what you're stating is the price is going up because there's buying pressure and |
| 104 | 00:18:43,529 --> 00:18:52,589 | prices going lower because they're selling pressure. And that's not true. It's absolutely not true. But that's what these individuals even in the financial |
| 105 | 00:18:52,589 --> 00:19:02,879 | sector, they have jobs, okay, they worked for financial institutions, they have learned the parent those same things. And if they don't talk that way, there'll |
| 106 | 00:19:02,879 --> 00:19:12,989 | be slagged in the industry, and they can't afford that. I don't care if people agree or don't agree with me, I don't care. It doesn't change the fact this is |
| 107 | 00:19:12,989 --> 00:19:27,119 | the truth is the way it is. When you come into this industry, you're met with all kinds of enticement, quit your job, get rich, drive these cars, go to these |
| 108 | 00:19:27,119 --> 00:19:42,329 | fancy places, getting finer looking women get a better man, all those types of things. And I found out early on, they were not my initial motivators. But when |
| 109 | 00:19:42,329 --> 00:19:53,219 | I had a taste of money, the very first few times where I had winning trades, and I felt like I had it figured out when I didn't. And that's the problem with |
| 110 | 00:19:53,219 --> 00:20:02,789 | having the first few years of your trading, you're going to be convinced that you figured it out. Even if you're having short term, immediate reward by doing |
| 111 | 00:20:02,789 --> 00:20:09,539 | something, you may not understand what it is that you did, but you're looking at the fact that you made that money. |
| 112 | 00:20:10,889 --> 00:20:18,749 | And because you want to feel good about yourself and people like myself, where I felt like I had to prove something to the world, because my parents didn't want |
| 113 | 00:20:18,899 --> 00:20:29,099 | anything to do with me. My own parents didn't want that. And I was, I was scheduled to be aborted. I wasn't even supposed to be here. But God said |
| 114 | 00:20:29,099 --> 00:20:43,709 | otherwise. And because of that, I had a chip on my shoulder that still do. And the first person that gave me fatherly love and attention was my grandfather. |
| 115 | 00:20:44,429 --> 00:20:58,019 | And everything I do in my life, everything I do, I wish, many times that I could get his approval. And I can't get it right. So it constantly is like a fire |
| 116 | 00:20:58,019 --> 00:21:12,869 | under me that just keeps on burning. When I started making money, my position about what it is that motivated me, helped me navigate through all these ups and |
| 117 | 00:21:12,869 --> 00:21:25,739 | downs was that, well, wait a minute, if I can make that much money. If I did this many contracts with that type of a move, then I could make $20,000 a month. |
| 118 | 00:21:27,419 --> 00:21:34,709 | If I did 20,000 hours a month, that's like a quarter of a million dollars a year almost. So that's what I'm gonna, I'm gonna try to trade more aggressively. I |
| 119 | 00:21:34,709 --> 00:21:42,959 | want to make more money, because I like how I feel. And if I could start flashing that, showing it to other people, then I would get that itch scratched. |
| 120 | 00:21:43,559 --> 00:21:54,989 | And I did I did all those types of things. And you know what? It didn't work. It was it was like a mosquito bite. Yeah, you felt it bite you. And it's porn. You |
| 121 | 00:21:54,989 --> 00:22:02,699 | the little thing, it sucks and you suck the blood out you then you either smack or you start scratching it was you need to scratch it. That's it, the histamine |
| 122 | 00:22:02,699 --> 00:22:12,029 | in your skin is gonna go crazy. And it's going to start itching even more. So what I thought was going to satisfy that itch. This to make me feel significant |
| 123 | 00:22:12,209 --> 00:22:28,979 | to make me feel like I've arrived or worth being here. Like I didn't, I didn't find a purpose in life. Until I found trading. This, this was my whole purpose |
| 124 | 00:22:29,129 --> 00:22:39,989 | for being here. I'm convinced of it now more. So as a 51 year old in August, I'm convinced that's why I was here. I was meant to be here. And it's not arrogance. |
| 125 | 00:22:40,469 --> 00:22:48,269 | Because I was resisting that for a long time. Like, how did all these things happen where my mother just recently had an abortion right before she got |
| 126 | 00:22:48,269 --> 00:22:59,459 | pregnant with me. And it was only a threat by my father to take her life. Literally. That's the reason why she gave birth to me. So imagine you come into |
| 127 | 00:22:59,459 --> 00:23:09,359 | the world. And your parents, your father's locked up in prison for contract murder, doing two consecutive life sentences plus 20 years, plus pick up more |
| 128 | 00:23:09,359 --> 00:23:23,759 | time for trying to escape in the early 80s. He's never getting out. He's gonna die in there. And my mother didn't want anything to do with me. So I know what |
| 129 | 00:23:23,759 --> 00:23:34,169 | it's like for all of you, okay, that are trying to find your way out here. That you want to feel like you're somebody special, that you really matter, that you |
| 130 | 00:23:34,169 --> 00:23:47,249 | have a purpose. And you end up having like these. These montage moments, that's how it was for me when I was a young man, like, I would play music and in my |
| 131 | 00:23:47,249 --> 00:23:57,089 | mind, while I was driving, doing my job. I'm like, I'm listening to this music while I'm driving around. It's gonna be like this. When I get successful, it's |
| 132 | 00:23:57,089 --> 00:24:06,089 | gonna be like that. When I get successful and I do this, I'm going to show that person, you know, and you might be laughed at yourself. You think Can I do that |
| 133 | 00:24:06,089 --> 00:24:16,319 | shit too. I would never tell anybody. But that's, that's what it was for me. And when I taught on baby pips, a lot of the things I taught with my lectures and |
| 134 | 00:24:16,319 --> 00:24:32,609 | such, I painted it in a light that it was like an action movie. It was like, some kind of Tom, Tom Clancy, you type thing, Sniper. And it picked up. It got |
| 135 | 00:24:32,609 --> 00:24:38,609 | to an audience and then an audience learned. And they learned how to trade and other people would ask them how do you learn or learn from this guy? Oh, baby |
| 136 | 00:24:38,609 --> 00:24:50,999 | pips. And more people grew, and it just kept growing, growing, growing, and I don't know where you are. In your walk. I don't know where you are in your |
| 137 | 00:24:50,999 --> 00:25:06,809 | learning. I don't know where you are in the world. I don't know your state of mind. But I've always had this deep rooted desire To be number one identified, |
| 138 | 00:25:08,489 --> 00:25:15,179 | recognized. Now you're probably thinking yourself, Wait a minute, you just opened this up by saying you don't want to be a celebrity, I don't want to be a |
| 139 | 00:25:15,179 --> 00:25:29,129 | celebrity. I don't like I don't like just a little bit of notoriety I've received. Like, it's, it's extremely intrusive. And so many people are clamoring |
| 140 | 00:25:29,129 --> 00:25:40,469 | to get your attention and wanting to do things with you. And I don't feel like my life is mine anymore. Which is the reason why I'm putting down inner circle |
| 141 | 00:25:40,469 --> 00:25:50,879 | trader in November, I'm doing that no one else did that. I'm doing it. I told you the time it's going to happen. And I will be satisfied how I leave you. And |
| 142 | 00:25:50,879 --> 00:26:04,319 | that way, I won't have this. It's delicate, keep scratching. Unless I'm gonna probably upset you. Because you'd like the things that I put out and maybe like |
| 143 | 00:26:04,319 --> 00:26:12,989 | these Twitter spaces, and no, I'm not going to do them. Once more, we're done in November. But the videos on YouTube channel, I'm not taking them down, a lot of |
| 144 | 00:26:12,989 --> 00:26:18,749 | people are freaking out saying he's gonna take his videos down. That's the whole purpose of putting out there was so you don't have to buy him from these people |
| 145 | 00:26:18,749 --> 00:26:27,809 | that are out there trying to trick you and say that I taught a Nygma in my mentorship when I never did. I never, I never will teach that. I didn't teach 90 |
| 146 | 00:26:27,809 --> 00:26:37,889 | minute, or 92nd or 90 minute cycles. Okay, there's people out there literally lying to you, using my name, claiming that I taught this in the forum. And this |
| 147 | 00:26:37,889 --> 00:26:48,779 | and that. And it's not true. It's absolutely not true. And I put those core content lessons up on my YouTube channel for the express purpose to gift it to |
| 148 | 00:26:48,779 --> 00:26:59,669 | the community number one, to the prove that everybody else out there that doesn't want to just simply give recognition. Like it's, it's it's extremely |
| 149 | 00:26:59,669 --> 00:27:08,339 | offensive to see people pretend like they found this on their own. There's nothing. Listen, folks. Okay, so this is for the people that like to go in the |
| 150 | 00:27:08,339 --> 00:27:17,939 | comment section in other people's videos. And say I rebranded there's a million dollars. That's a bounty I have a million dollars that I will pay. If you sit |
| 151 | 00:27:17,939 --> 00:27:28,079 | down, go through my core content, go through all my PD arrays. Okay, go through all that stuff and show us all where I rebranded any that bullshit. Any Hammond? |
| 152 | 00:27:28,319 --> 00:27:39,839 | Okay, all that that stuff that people talk about? It's just the steal your pursuit. And social media has a huge influence over people huge. Like I could be |
| 153 | 00:27:39,839 --> 00:27:53,699 | way bigger than I am. If I wanted to be bigger, I don't want to be there. Like I'm uncomfortable, some of you that might want to be where I am right now. As a |
| 154 | 00:27:53,699 --> 00:28:04,889 | 20 year old, I didn't start that way. But that four years into it. This is exactly where I wanted to be at. And I knew I had something if I made it |
| 155 | 00:28:04,889 --> 00:28:15,749 | available to other people. You would all eat it up. Because it's the market. It is the market. But in those early years, I was fleshing out the things that I |
| 156 | 00:28:15,749 --> 00:28:23,849 | had to overcome as a person. It was me that was doing all the damage. It wasn't the tools. It wasn't the concepts. It was me trying to force it when it wasn't |
| 157 | 00:28:23,849 --> 00:28:32,099 | there. And you don't realize that you could become a really good trader and learning from me. You can become a really good trader learning from anybody |
| 158 | 00:28:32,099 --> 00:28:50,219 | else. If they're if they have something that works. The things that derail you are always internal. They're always internal. There's a there's a guy out there |
| 159 | 00:28:51,599 --> 00:29:02,369 | that I thought I was doing something nice, you know, I was trying to promote him and push him and and I don't know what causing the flake out or whatever. But |
| 160 | 00:29:04,859 --> 00:29:14,249 | I'll just tell you this, Pat. Yes. Patrick Whelan. I know you listen to these, and I know you watch my videos, okay. And I see you on your live streams |
| 161 | 00:29:14,249 --> 00:29:23,189 | bitching and complaining about how you're the number one guru on Twitter trades in demo, you're trading in a demo. When you trade news funded accounts, you're |
| 162 | 00:29:23,189 --> 00:29:36,509 | trading in a demo. You are trading in a demo. That's just the facts, okay. And what you're trying to do, actually is hurting your brand. Like, don't get on |
| 163 | 00:29:36,509 --> 00:29:47,009 | Aaron dramatize about me. Just do what you're doing. And it's what I was trying to push you to do. Focus on what it is that you do. If you're good at trading, |
| 164 | 00:29:47,219 --> 00:29:54,569 | and you have a vault you trust and you can do it. There's going to be somebody out there that it fits for them. Not everybody. Everything I teach doesn't fit |
| 165 | 00:29:54,569 --> 00:30:04,079 | everybody. But understanding and reading price that fits everybody's model. Now what you do, the way I teach and show you where price is going to gravitate to, |
| 166 | 00:30:04,409 --> 00:30:10,949 | if you plug that into anything that already makes money, it supercharges it. Honestly, I |
| 167 | 00:30:10,950 --> 00:30:20,790 | can't talk about how you bought a Bronco and it wants to be a jeep. Okay, I'll talk about all that stuff. Stop doing those sites, because drama marketing does |
| 168 | 00:30:20,790 --> 00:30:32,520 | not work. It's it's short term, it gets a little bit of a buzz a talk of a crowd. But unless you have the, the ability to hold that crowd and give them |
| 169 | 00:30:32,520 --> 00:30:43,200 | something of substance, you fizzle out and ends up hurting you hurt your brand. Just keep doing what you're doing, I'm watching you still. But when you do that, |
| 170 | 00:30:43,200 --> 00:30:52,830 | and you rage quit and your live streams like that, it's not good. It doesn't do well for your, your brand, it doesn't do anything for your image. And if you're |
| 171 | 00:30:52,830 --> 00:31:02,520 | trying to grow, you're someone else, okay, someone else that wants to do what it is, I'm talking about drama, marketing doesn't work. It doesn't work, it just |
| 172 | 00:31:02,520 --> 00:31:14,610 | makes you look like you're insecure. It makes you feel like you have a superiority complex. And you feel inferior. That's why these, these other |
| 173 | 00:31:14,610 --> 00:31:23,640 | influencers talk about me because I'm beating the shit out of them. And I'm not even trying to, I'm still right now I'm trying to be gentlemanly, and tell you |
| 174 | 00:31:24,120 --> 00:31:33,960 | don't do that. This is how you help your own brand. Who would do that nobody else would do that. I want all of you to succeed, I want all of you to do well, |
| 175 | 00:31:33,990 --> 00:31:40,260 | I want you all to make money. Because you're all going to be having a harder time in next few years, it's going to get stupid. |
| 176 | 00:31:47,280 --> 00:31:59,070 | So you probably have been looking at the way the markets behaved. And early on in the beginning of May, I told you one of the seasonal tendencies I like to |
| 177 | 00:31:59,070 --> 00:32:12,750 | have is a sell off or weakness in the month of May, going down into the month of June for stock indices. And if you have gone through the core content, you'll |
| 178 | 00:32:12,750 --> 00:32:28,710 | hear me talk about seasonal tendencies. And I'll give you very specific seasonal tendencies. And I got them from Steve Moore. Okay. And I've already shared his |
| 179 | 00:32:28,710 --> 00:32:37,710 | website and such, but he doesn't know me. And maybe he does now because I probably put a lot of people on to him. But I don't get any kind of kickbacks. |
| 180 | 00:32:37,710 --> 00:32:49,560 | And Steve, if you're listening, I don't want one. I think he has the Superior Comp, the commodity and well, the markets really he covers all of them. But his |
| 181 | 00:32:49,560 --> 00:32:58,680 | seasonal tendencies are absolutely the pinnacle like that is if you're going to do anything with seasonality and markets. He is the person to go to like he is |
| 182 | 00:32:58,680 --> 00:33:11,040 | the man. He's the guy that has the data, because the way he does it. It's not form fitted. You know, I had Larry Williams shorting commodity trading book. |
| 183 | 00:33:11,550 --> 00:33:21,300 | Okay. And to me, when I first read it, it was like, wow, this is revolutionary. You know, this is the thing, and he was kind of like the first guy to get up |
| 184 | 00:33:21,300 --> 00:33:27,660 | there and really put something into print about and you got guys like when I was coming up, it was like Jake Bernstein, you know, he made a big thing about |
| 185 | 00:33:27,780 --> 00:33:47,070 | seasonal tendencies. It wasn't until Steve Moore did his product of having like, a 15 year, a five year, you know, comparing, showing the relationships of how it |
| 186 | 00:33:47,070 --> 00:33:55,170 | performed over the like the seasonal tendency, like for instance, when eggs used to be a futures contract, and they don't trade them anymore. But when do you |
| 187 | 00:33:55,170 --> 00:34:04,770 | think egg prices would go up? Right before Easter, everybody would be buying eggs to dye them. And it was just like, every, every year everybody knew when to |
| 188 | 00:34:04,770 --> 00:34:13,650 | buy eggs. And that was a trade that's never failed? Well, that same thing existed in pork bellies. And if you eat bacon, that's where you get bacon from |
| 189 | 00:34:13,650 --> 00:34:21,630 | the pork belly. And well, they don't trade pork bellies anymore either. So but these thin markets, they were really wonderful markets that had high degree of |
| 190 | 00:34:21,750 --> 00:34:34,470 | accuracy with their seasonality. To see more brought in a perspective that if he hadn't done it, I wouldn't have even considered it. So I think he revolutionized |
| 191 | 00:34:34,470 --> 00:34:46,410 | the whole viewpoint of seasonality by looking at the the relationship to any seasonal tendency, over the basis of a short period of time using the data how |
| 192 | 00:34:46,410 --> 00:34:54,990 | did the seasonality or seasonal tendency perform over the last five years? And then how did it perform over the last 15 years? And then how did it perform over |
| 193 | 00:34:54,990 --> 00:35:09,240 | the last 25 years or 30 years? And if you have a C seasonal tendency that delivers a specific direction, or in any given market, that all three of them |
| 194 | 00:35:09,540 --> 00:35:19,410 | are in agreement with that to me, and I'm sure if he was talking to he would say the same thing. That's a very strong seasonal tendency, very, very strong |
| 195 | 00:35:19,410 --> 00:35:30,450 | seasonal tendency. And that was what I did in my core content where I use his, his seasonal tendency charts. And I said, these are my favorite seasonal |
| 196 | 00:35:30,450 --> 00:35:39,690 | tendencies, because I see them as strong. And I go into detail as to why I believe that, and I show you visually using his product, and I think that if you |
| 197 | 00:35:39,690 --> 00:35:52,290 | are going to trade with seasonal tendencies, you should support him as a content creator, I get nothing for it. It's a matter of insight that you really can't |
| 198 | 00:35:52,290 --> 00:36:02,100 | get as a lot of people and websites out there that have seasonal tendency, graphs and such. To me, they're all They're substandard. They're there. They're |
| 199 | 00:36:02,100 --> 00:36:12,570 | not, they're nowhere near the degree of Steve Moore, and what he does with seasonal tendencies. And, frankly, if I was him, I would charge more money. And |
| 200 | 00:36:12,570 --> 00:36:19,830 | you're probably cussing me right now. I'm thinking, What are you doing that for ICT? Because his product is in the hands of someone that knows how to trade. |
| 201 | 00:36:20,730 --> 00:36:31,980 | It's literally like a roadmap. Like it literally like I can look at these graphs and say, okay, in the fall, this specific month, I know I want to be a short |
| 202 | 00:36:31,980 --> 00:36:40,740 | seller, I want to be a long trader on this month of that particular market. And it sounds like that can't be as a new trader, when you first come into this. |
| 203 | 00:36:41,160 --> 00:36:48,120 | Everything is TOLD YOU by books and educators that it's random. Everything in these markets are random, and you can't time the market and you have to react to |
| 204 | 00:36:48,120 --> 00:36:59,850 | price. And that's absolute bullshit. That's bullshit. You cannot listen to that drivel. Okay, and become and adhere that logic and become a independent |
| 205 | 00:36:59,850 --> 00:37:08,340 | thinking. consistently profitable trader, I'm convinced of it, because I did my utmost best to try to do that, and everybody else that does the same bullshit. |
| 206 | 00:37:08,820 --> 00:37:19,050 | That's why the 90% Losing statistic exists. But we should not realize this, folks, listen. As I've said this many times and other resources, whether it be |
| 207 | 00:37:19,050 --> 00:37:30,960 | on YouTube or in other Twitter spaces, but yes, I absolutely believe this, that the statistics with trading that 90% Blow out really early, and you never become |
| 208 | 00:37:30,960 --> 00:37:45,960 | profitable 90%. But what you fail to realize is, there's another party on the other side of their trades. It's a net sum Zero game, for every winner, there's |
| 209 | 00:37:45,960 --> 00:37:58,770 | a buyer. So the paradigm shift that I had, was, okay, when I first started, I was absolutely residing in that 90% Losing crowd, I was I was there, and I was |
| 210 | 00:37:58,770 --> 00:38:06,870 | buying books thinking that that shit was going to help me it was going to change my direction, it's going to create me and put a path in front of me that was |
| 211 | 00:38:06,870 --> 00:38:19,950 | going to be the right one. Now, what I fail to understand is if I'm buying that same book, then it's been out there for sale for years before I even started. |
| 212 | 00:38:22,920 --> 00:38:31,230 | Why isn't the everybody else hasn't figured out what I was going to do, which is follow the rules. And when I stopped buying books, that's when I started |
| 213 | 00:38:31,230 --> 00:38:44,940 | learning. When I stopped system hopping, and changing my hand of who wants to teach me now who wants to be the mentor of Michael, when that when that stopped? |
| 214 | 00:38:46,140 --> 00:39:02,040 | And I put my ass in front of the charts and said, Okay, I don't know anything. I'm nobody. And I'm at the first step, I'm at zero. What do I want to do? |
| 215 | 00:39:03,750 --> 00:39:15,090 | Where's my focus? Where do I right now looking at these markets in the opportunity to the present? Where do I want to go in this? What can I do with |
| 216 | 00:39:15,090 --> 00:39:25,740 | the job that I have? I had a job that was working. I had to be out in Owings Mills real early in the morning. And the whole workday was really about 12 and a |
| 217 | 00:39:25,740 --> 00:39:36,570 | half 13 hours. So I couldn't be in front of charts trade live. Because I would be all over Baltimore City and Baltimore County filling up vending machines, |
| 218 | 00:39:37,230 --> 00:39:46,380 | fixing coffee machines. And even on the way home, I would probably have to be stopping and fixing a machine that someone would call and say hey, art, |
| 219 | 00:39:46,470 --> 00:39:57,030 | something didn't work. And my boss at the time Glenn would say, This is what I need you to do this. And that's it. I can't go home and do what I want to do |
| 220 | 00:39:57,030 --> 00:40:06,420 | when I'm off. I'm stopping and doing a service call So I had to come up with a way of determining what the hell it is I'm going to do, which was very difficult |
| 221 | 00:40:06,420 --> 00:40:15,780 | for me, because I felt like, if I could sit in front of the charts and look at one hour charts, real time, I would be able to do very, very well. But I |
| 222 | 00:40:15,780 --> 00:40:25,770 | couldn't have real time charts while I was driving around and stepping in. So the next best thing for me was to get some kind of quick device. So that way, I |
| 223 | 00:40:25,770 --> 00:40:33,210 | had to come up with a way of determining where I want to be a buyer. Because I wasn't a short seller in the beginning, I didn't understand short selling, I was |
| 224 | 00:40:33,210 --> 00:40:42,210 | afraid of it. And didn't make any sense. How can you sell something? You don't only make money, right? Like, what the hell is that? So I wanted to be a buyer |
| 225 | 00:40:42,210 --> 00:40:56,910 | only. So my motto was buy model only. And what was the driving force behind the decisions that made me a buyer. I was looking at a nine and 18 exponential |
| 226 | 00:40:56,910 --> 00:41:05,340 | moving average on a daily chart. If the nine day moving average, now don't do this now, folks. So don't take this as the gospel. Okay, but I'm just telling |
| 227 | 00:41:05,340 --> 00:41:17,790 | you how we have changed. Okay, we've definitely evolved. But when I first started, it was a nine EMA, exponential. And a 18 day, exponential moving |
| 228 | 00:41:17,790 --> 00:41:31,260 | average on a daily chart. And I had a 50 day moving average. That was just the simple, not even exponential. So what I wanted to see was that 50 Day sloping |
| 229 | 00:41:31,320 --> 00:41:38,430 | up, I don't care how you if it was a gradual slope, if it was higher than it was 20 days ago. |
| 230 | 00:41:39,690 --> 00:41:49,080 | To me, I'm looking for Long's, but that doesn't give me the bar yet. I wanted to see the nine day being above the EMA, I'm sorry, the nine EMA above the 80 day |
| 231 | 00:41:49,140 --> 00:42:01,830 | EMA. But it can't, can't just cross it. I can't do that. I have to wait for the cross, then it has to spend at least three days above the 18 day. So that in my |
| 232 | 00:42:01,830 --> 00:42:12,600 | mind, momentum is absolutely going along. Now. I did not get the best entries. I didn't catch the lows. I was afraid of trying to do that. Because Larry Williams |
| 233 | 00:42:12,600 --> 00:42:21,420 | said don't go in trying to catch falling daggers, but he was my mentor. So I said fuck that. I ain't going and doing that. I'm gonna wait for it to be moving |
| 234 | 00:42:21,420 --> 00:42:31,950 | in now get in sync with it, then how did I do that? What was my my entry mechanism. In the evening time, when I finally found my way home, did my |
| 235 | 00:42:31,950 --> 00:42:42,570 | exercising, and then ate and then showered. I would spend all night long sometimes going to work during that same schedule. With less than three hours |
| 236 | 00:42:42,570 --> 00:42:51,960 | sleep sometimes. Oh, come on. I'm telling you, you think I'm going to insomniac. Now, I don't require a lot of sleep. I don't know why people think they gotta be |
| 237 | 00:42:51,960 --> 00:42:59,100 | sleeping their whole fucking life away, but eight hours sleep to me. You're wasting it, you're wasting it, you would probably do so much better if you get |
| 238 | 00:42:59,100 --> 00:43:09,810 | to a point where you can not have to have a job. Do small sessions and sleep like I do two, four hour sessions. They're broken up. And then I can't nap in |
| 239 | 00:43:09,810 --> 00:43:19,650 | between when I when I can. I get so much done. That's why some of you like do you ever sleep, Guy sleep, I scheduled sleep. But I don't have the same peers of |
| 240 | 00:43:19,650 --> 00:43:26,730 | the world like you do. But you worry about losing your job, you worry about making sure your kids have your college funds, you worry about how you're gonna |
| 241 | 00:43:26,730 --> 00:43:35,370 | put food on your table because your job may not require you anymore and make you redundant. So I don't I don't have those fears. And when you don't have those |
| 242 | 00:43:35,370 --> 00:43:44,670 | fears, you're energized. Because that's shits like a vampire. It sucks the life out of you. And it's difficult. It's so hard in the beginning doing this because |
| 243 | 00:43:44,670 --> 00:43:55,440 | you have all those real world cares of the world. They're they're real. You're not exaggerating. And believe me, I experienced all that stuff. But for me, the |
| 244 | 00:43:55,500 --> 00:44:09,930 | desire to get the fuck out of that shit was more than any of the fear. I had to do this. Because I couldn't exist. Living a mundane existence. I can't I can't |
| 245 | 00:44:09,930 --> 00:44:21,000 | do that. I'm not wired for that. So I had to go in and look at one hour charts in the evening on end of data and update data. That means this wasn't even real |
| 246 | 00:44:21,000 --> 00:44:30,870 | time. I was downloading my data using meta stock that that was the platform I use for my charting. Mehta stock was a charting package. Kind of like |
| 247 | 00:44:30,870 --> 00:44:41,400 | TradeStation or super charts supercharged isn't a thing anymore. I'm thinking and TradeStation is still around. They've evolved into a broker ship broker, but |
| 248 | 00:44:41,580 --> 00:44:52,710 | Mehta stock was That was my joint that was my that was my weapon. And I thought I had everything figured out with that shit. And in the beginning I had every |
| 249 | 00:44:52,770 --> 00:44:58,830 | nickel you could put on the chart and you couldn't see my candles, or I didn't have candlesticks and again it was open high, low and close. But you couldn't |
| 250 | 00:44:58,830 --> 00:45:05,310 | even see price. I didn't get Shit, because the indicators, I thought that they were the trick that was the thing. Don't look at trade, don't look at price. |
| 251 | 00:45:05,310 --> 00:45:12,900 | That's the distraction, right? When in fact, it's the indicator, that's the distraction. Okay. And that's why I found my nose at that shit because I fell |
| 252 | 00:45:12,900 --> 00:45:21,540 | victim to all that stuff. And yes, there is absolutely a way to use indicators and use my content and make money. absolutely you can. But the problem is, is |
| 253 | 00:45:21,540 --> 00:45:29,640 | you ended up falling into this trap. And yes, I'm getting to the point about what I was looking for an hourly chart settled to hell down. But you get caught |
| 254 | 00:45:29,640 --> 00:45:38,790 | up in this rat race of finding out what indicators you want to have, what their settings are supposed to be, and which ones are better at doing what. So there's |
| 255 | 00:45:38,790 --> 00:45:46,530 | all kinds of books written about. And if you buy 12 different books about indicators, rarely will they agree on the settings, rarely would they agree and |
| 256 | 00:45:46,530 --> 00:45:53,940 | how to use them and when they apply them. But they have an ability to go back in time and find the cherry picked examples where the ship worked perfectly. But |
| 257 | 00:45:53,940 --> 00:46:04,020 | then when you go out there and you try to do it, you're wrecked. I went through that shit for years, condensing myself every sing every, every single time that |
| 258 | 00:46:04,020 --> 00:46:11,700 | I failed at doing it. It was just okay. It's the right indicator. But this guy doesn't have the right settings, I'm gonna buy another book or another course |
| 259 | 00:46:11,700 --> 00:46:21,240 | another DVD, okay, that talks about it. And they will give me the part that this guy left out. And it never worked like that it never fucking worked. So I was |
| 260 | 00:46:21,240 --> 00:46:29,490 | like, you know, there's so many holes in this industry. So many opportunity for people that would know how to do something. Why don't they come out here and |
| 261 | 00:46:29,490 --> 00:46:41,850 | simply this produce something that works? Like it removes all the bullshit, cut straight down to the bone and says, okay, no fluff, no indicator, this is what |
| 262 | 00:46:41,850 --> 00:46:48,300 | price is going to do. And I don't give a shit if you believe it or not, because this is how it's going to be. And I said, I can't find it. I'm looking at all I |
| 263 | 00:46:48,300 --> 00:46:55,950 | can't find anybody who will do that. So I'm going to be that. That was my passion. I'm going to fill all the potholes in this industry, where the shit |
| 264 | 00:46:55,950 --> 00:47:05,700 | doesn't work. I'm going to fill that in, I'm gonna give you something that works. Not just it works. Okay. It is absolutely precise. Down to when you can |
| 265 | 00:47:05,700 --> 00:47:17,910 | expect it to form, what days, what month, what markets, what direction? What time. All that shit was my passion. But it started with a very simple little |
| 266 | 00:47:18,210 --> 00:47:31,530 | bullish divergence when the market was oversold on a 60 minute chart. What markers it was at the bond market. The bond market I segwayed from currency |
| 267 | 00:47:31,530 --> 00:47:42,180 | futures into bonds, like my second year, and I was like I like bonds, a trend real easy. Like they're nice. Like they, when they start moving, they just tend |
| 268 | 00:47:42,180 --> 00:47:53,490 | to move for a good period of time. And I wanted to be part of momentum and currency trends. They were great. But the problem was is their gaps were scary. |
| 269 | 00:47:53,520 --> 00:48:03,330 | Like they were I wasn't able to hold anything overnight. Because I was not aware of how Globex traded. I wasn't aware of, you know, overseas, how that time |
| 270 | 00:48:03,360 --> 00:48:11,970 | difference, and what markets are behaving like at that time. You know, I was brand new did all that stuff. So I was afraid to touch that. So if I did any |
| 271 | 00:48:11,970 --> 00:48:23,430 | kind of trading and not index, but currency futures, I would do it as a day trade only. And I would get out many times, way before the market would close |
| 272 | 00:48:23,430 --> 00:48:35,370 | because I was afraid I was Stone Cold afraid of doing it wrong. Because if you were in a market, and if you look at a currency futures contract back in the |
| 273 | 00:48:35,370 --> 00:48:46,380 | 90s, sometimes it would get a lot. And if you were holding on to something, you could wake up and be completely decimated. So that scared me. So I said, Well, |
| 274 | 00:48:46,380 --> 00:49:00,090 | I'm going to be focusing and specializing in bonds. So I want to look at that market. So my model really began on the back of 30 year treasury bond. And I |
| 275 | 00:49:00,090 --> 00:49:09,930 | will use a 60 minute chart. Now mind you remember the daily settings will be this the 50 day moving average, which is a simple moving average. It needs to be |
| 276 | 00:49:09,930 --> 00:49:20,850 | sloping up, okay. That's all it needs to be. The nine Exponential Moving Average needs to be above the 18 day exponential moving average, but it has to be there |
| 277 | 00:49:20,850 --> 00:49:28,830 | at least three days above it. You can't just cross it. We're not cheating, like a Moving Average crossover or golden cross or not cheating, anything like that. |
| 278 | 00:49:29,550 --> 00:49:43,740 | It's really moved. And then what I did was I was looking for 60 minute or one hour oversold conditions that presented a bullish divergence a typical standard |
| 279 | 00:49:43,770 --> 00:49:53,670 | bullish divergence where the chart would create a lower low in price. But the stochastic I was using which was a 14, smooth by three, three, that was my |
| 280 | 00:49:53,670 --> 00:50:05,310 | settings. And if it if it created a bullish divergence I would be Looking for the opening price that open, which is the reason why I had the quote track. I'm |
| 281 | 00:50:05,370 --> 00:50:17,070 | watching that. And I get the opening price, and our wait for to trade just a little bit below the opening price. And if it did that, I would buy five ticks |
| 282 | 00:50:17,070 --> 00:50:25,860 | above the opening price. Thinking on buying strength, where do I get that from? I got it from Larry Williams, he by strength, he was buying one stops. And that |
| 283 | 00:50:25,860 --> 00:50:34,290 | was my model. I didn't understand buying limits, because I didn't know where I could place my limit order. Because I was afraid if I put a limit order in and |
| 284 | 00:50:34,290 --> 00:50:45,510 | it filled me in with further down. I didn't know how to place a stoploss yet. It was all brand new to this, right? So when I call a runner, man, it was great. It |
| 285 | 00:50:45,510 --> 00:50:56,340 | was amazing. But when I put the order in the stop loss because you got to put in order canceled order. Okay, so it's pairing contingent, meaning you call your |
| 286 | 00:50:56,340 --> 00:51:07,170 | broker, this is what we did back then you call your broker and you say, Okay, I want to buy Christmas bonds, which is December contract of 30 year treasury |
| 287 | 00:51:07,170 --> 00:51:19,500 | bond. And at this price. Where's your stop? You want to use it though? Do you want to use a stop? Yes. You tell them how many ticks away, it was okay. And I |
| 288 | 00:51:19,500 --> 00:51:31,170 | would use a 10 Tick stop. So it's about 300 some dollars per contract and the beginning of this one contract I was trading. So I would have no target. |
| 289 | 00:51:32,400 --> 00:51:39,930 | I would just wait, I want to see how price behaved. Sometimes it would fill me and then stop me out. And that would wreck my whole fucking day I would be |
| 290 | 00:51:39,990 --> 00:51:49,200 | paying for gas filled machines because I was mad, I'm mad. So I'm just like you, okay? I'm just like, even when the ship doesn't go, right, you want to, you want |
| 291 | 00:51:49,200 --> 00:51:55,890 | to blow up, you want to show the world that you're pissed off. Don't you don't want them to ask you what you did wrong. But you want them to understand you're |
| 292 | 00:51:55,890 --> 00:52:02,340 | pissed off, I'm having a bad book, and they don't talk to me. So I would be driving around all through Baltimore City and Baltimore County, filling up |
| 293 | 00:52:02,340 --> 00:52:11,250 | vending machines pissed off that I couldn't see what it did. And then I would go home that evening, go through the process of doing my normal thing. Work out, |
| 294 | 00:52:11,280 --> 00:52:19,410 | get all the stress out of me take a shower, I've already ate. Now I'm looking at charts and I can see these things start happening. Like, if I would have saw |
| 295 | 00:52:19,410 --> 00:52:26,310 | that on a chart, I could see how I wouldn't have bought there yet, I would have done this, I would did that. And that sounds like oh, it's hindsight. 2020. But |
| 296 | 00:52:26,310 --> 00:52:34,110 | you know how I trade now, I can tell you, honestly, when if I would have done something, I've done it this year, I did it last year to tell you, if I would |
| 297 | 00:52:34,110 --> 00:52:40,890 | have been trading I would have I would have got stopped out there. If I would have done that trade. It's not a lot. But in the beginning, it was a lot. I did |
| 298 | 00:52:40,890 --> 00:52:49,710 | it wrong a lot with no encouragement like I'm giving it to you. So it's normal for you to feel like you're spinning your wheels in the beginning, it's going to |
| 299 | 00:52:49,710 --> 00:52:58,470 | be like that with whatever you do in training, because you're competing with yourself, you have an expectation of yourself, whether you want to admit it or |
| 300 | 00:52:58,470 --> 00:53:08,370 | not. You want to see yourself somewhere in the future, whatever that timeline is, you're presenting this as a goal for yourself. And you're manifesting that |
| 301 | 00:53:08,370 --> 00:53:19,290 | as your, your destination. When that destination is going to evolve so many fucking times over the next several years, what you think you're gonna be |
| 302 | 00:53:19,440 --> 00:53:28,290 | satisfied with is going to change a lot, especially when you start finding consistency and profitability. That shits going out the window, forget about it, |
| 303 | 00:53:28,320 --> 00:53:36,810 | you're going to completely change how you think about yourself, how you're gonna live, what you're going to do with money, how you're going to spend it, like, |
| 304 | 00:53:37,050 --> 00:53:43,200 | it's all going to change. If you don't know what it's like to make six figures, you don't know what that feels like. You don't know what it feels like that |
| 305 | 00:53:43,200 --> 00:53:51,000 | makes seven figures. You don't have that you don't know what that feels like. But you also don't know what it feels like to lose seven figures. For some of |
| 306 | 00:53:51,000 --> 00:53:57,750 | you, that's the end of the fucking world. That's it. I'm never touching this market again, never going to do it again. But that says a lesson you're gonna |
| 307 | 00:53:57,750 --> 00:54:07,710 | have to go through, you're gonna have to go through the ups and downs of what you think you understand and what you really learned from going through it. That |
| 308 | 00:54:07,710 --> 00:54:19,830 | was that was the ICT model. That's what I was doing. And then I realized that there were some trades that were forming, that would escape my observation, I |
| 309 | 00:54:19,830 --> 00:54:30,630 | wouldn't be able to anticipate them. And the things that led to me understanding more about that was comparing the five year the 10 year and a 30 year bonds, |
| 310 | 00:54:31,560 --> 00:54:44,670 | comparing them while they're trending lower, I'm looking for an opportunity to get along. Well, I noticed that one of those yields would diverge. I think |
| 311 | 00:54:44,670 --> 00:54:54,870 | myself every single time that this thing happens, there's some measure of intermediate term price run that forms. It gives me an opportunity to find a |
| 312 | 00:54:54,870 --> 00:55:07,080 | move. So I want to be able to study this and go back in time, and does it exist a lot. And I found out that that's in fact, what was occurring. And now you |
| 313 | 00:55:07,110 --> 00:55:21,720 | know, through core content, that's my bond. The Triad the divergence, SMT, divergence for the bonds. Like, I, if, for instance, say the stock market goes |
| 314 | 00:55:21,720 --> 00:55:33,060 | to shit, okay, or it stayed in a really choppy garbage range, I would just go over to bonds, like I can go back to where I started, that's my home. Okay, I |
| 315 | 00:55:33,060 --> 00:55:47,640 | moved from bonds to trading s&p, because I liked the volatility that s&p would get intraday bonds were a lot smoother, a little bit more. Anyway. |
| 316 | 00:55:53,940 --> 00:56:04,530 | I mean, the Highlander is shut off, because I've been sitting here, I think they're gonna slow to warming. But I moved from the bond market and started |
| 317 | 00:56:04,740 --> 00:56:17,610 | exploring the opportunities that the index futures were offering. And I would trade the the stock market the same way I was doing the bonds. If I was bullish, |
| 318 | 00:56:18,000 --> 00:56:25,650 | I would allow for the opening price and get that opening price. And I'm already bullish, so I want to see it try to trade down below the opening price. So even |
| 319 | 00:56:25,650 --> 00:56:36,150 | if it's going down a little bit, I don't care, five ticks above the opening price on buying strength. And then if it was good, it would just run off. And if |
| 320 | 00:56:36,150 --> 00:56:44,820 | it was bad, it would stop me. And I'd be like anybody else losing their friggin mind about blaming myself and blaming everything else, you know, I should have |
| 321 | 00:56:44,820 --> 00:56:52,920 | did this, I should have done that. And I hurt myself by doing all those things. This is reason why I teach all of you. And when you're journaling, or if you're |
| 322 | 00:56:52,920 --> 00:57:06,030 | talking on social media, about what you do and what you've done. You don't want to be negative. Because you're reinforcing this whole idea about trying to be |
| 323 | 00:57:06,030 --> 00:57:13,140 | perfect, and perfect doesn't exist. I may exist in Christ, but you're not going to be here. And you can't do that in trading, you're going to lose. |
| 324 | 00:57:18,690 --> 00:57:26,760 | Sorry for the folks that have headphones on. Gotta move away. This dude just pulled up next. And he's just like, steady staring at me. And I'll do autographs |
| 325 | 00:57:26,760 --> 00:57:29,910 | bro. Get away. So |
| 326 | 00:57:36,060 --> 00:57:48,450 | while I had a heavy, required indicator based strategy in the beginning, I obviously evolved away from all that stuff. And there's a way of using |
| 327 | 00:57:48,450 --> 00:57:59,010 | indicators. Yes. But I don't think that a new trader should go there, they should learn primarily naked price action. And you'll develop your own tools, |
| 328 | 00:57:59,640 --> 00:58:07,560 | which is what I've done over the years. And things that you can apply to price but not necessarily manipulate price. Like I don't have anything that like |
| 329 | 00:58:07,560 --> 00:58:16,620 | measures rate of change. Like I don't use any kind of CCI, I don't use any kind of oversold no stochastic, no RSI none of these things. They're measuring rate |
| 330 | 00:58:16,620 --> 00:58:28,350 | of change. And whatever you're doing with those indicators and whatever input you're using, for instance, like I was using a 14 day at some point it moved |
| 331 | 00:58:28,350 --> 00:58:37,500 | from 14 period to 10 period. And then nine periods moved by three three on a Slow Stochastic that's what I that's what I had. And then I would use a nine |
| 332 | 00:58:37,500 --> 00:58:47,220 | period wanes percent R. And I started noticing that sometimes the Williams percent R would give me the oversold condition I was looking for it but the |
| 333 | 00:58:47,790 --> 00:58:55,530 | stochastic wouldn't put it would start running off and I'm like, What the hell just happened here? Like it shouldn't have done that. It's supposed to listen to |
| 334 | 00:58:55,530 --> 00:59:04,560 | this indicator for fuck sake. Why is this doing that? They wasted years doing them arguing why the market wasn't listening to this indicator. And that's what |
| 335 | 00:59:04,560 --> 00:59:10,470 | people do when they get in these interviews. They get pissed off and you see them on their YouTubers, their livestream and just watch it read their face. |
| 336 | 00:59:10,920 --> 00:59:20,310 | They're disgusted. That's the trade that they got in they didn't tell you about. Okay, that's it. That's the one that's burning them. Okay, but then they'll say, |
| 337 | 00:59:20,310 --> 00:59:28,410 | oh, yeah, I took a trade here. I got long here. You didn't say you got along then. You didn't do that. You did not do that. Okay, there's a difference. I'm |
| 338 | 00:59:28,410 --> 00:59:36,090 | calling ship beforehand. I'm telling you where it's gonna go. So don't be comparing me apples and oranges bullshit, okay. But you're gonna get wrapped up |
| 339 | 00:59:36,120 --> 00:59:47,100 | in all this indicator pursuit and waste so much time. So much time doing that. When I first teach students under my wing, the first thing you're doing is take |
| 340 | 00:59:47,100 --> 00:59:58,020 | everything off your charts. Take everything off your charts, completely naked, Open, High, Low, Close or candlestick. That's it. Then you're gonna study price |
| 341 | 00:59:58,860 --> 01:00:11,010 | in relationship to time When do intraday moves occur? When do intra week moves occur? Is there an influence that you can set a clock to? Which is the economic |
| 342 | 01:00:11,010 --> 01:00:20,910 | calendar? All of that built into what you anticipate is going to happen on that weekly chart? Is the weekly chart most likely going to expand higher? Or is it |
| 343 | 01:00:20,910 --> 01:00:29,850 | more likely to expand lower that right there sets the tone for what you want to focus on going forward? And new week? Do you think that the market is really |
| 344 | 01:00:29,850 --> 01:00:41,700 | close to a target that you've been watching? If that's the case, that it might go up and expand to a premium level or higher timeframe? resistance point, okay, |
| 345 | 01:00:41,700 --> 01:00:52,350 | something like that. For folks that are brand new and don't know my terminology, then you would anticipate some measure of potential intra week reversal. But |
| 346 | 01:00:52,530 --> 01:01:03,600 | sticking with the narrative that it's not advised to try to pick tops, I don't try to pick tops, but it allows me to formulate a game plan that if I'm bullish |
| 347 | 01:01:03,600 --> 01:01:14,070 | for, for instance, we were we were bullish on NASDAQ. And I took your attention to a very specific gap on the weekly chart. And hopefully, I've dispelled all |
| 348 | 01:01:14,070 --> 01:01:27,060 | the confusion. because invariably, people in my comment section, you can't see the comments in the new videos, but I've it's still a sugar coma. It's all love, |
| 349 | 01:01:27,060 --> 01:01:39,810 | basically. But the few people that are questioning, they're saying like, you know, why am I using the June contract and not the continuous contract. If |
| 350 | 01:01:39,810 --> 01:01:46,650 | you're looking for volume imbalances, you need to be using the contract month. Okay, that's a characteristic for that specific PD rate, which is the reason why |
| 351 | 01:01:46,650 --> 01:01:53,550 | I get pissed off when people try to pretend they understand and go out and try to make courses with it. You don't know what the fuck you're doing. So stop. The |
| 352 | 01:01:53,550 --> 01:02:04,980 | continuous contract is to smooth and it's not going to offer. The opportunities show the inefficiencies that exist in thinly traded contract months. What I mean |
| 353 | 01:02:04,980 --> 01:02:15,210 | by that, well, right now we're trading the June contract of E Mini s&p. In a couple of weeks, it will rollover, and as traders we will roll over and start |
| 354 | 01:02:15,210 --> 01:02:26,940 | following the September contract. The whole time, December is being treated too thinly traded but it's being traded. The inefficiencies in price action on those |
| 355 | 01:02:27,180 --> 01:02:38,580 | months in the future delivery, why we're trading the front month front month right now for ES is the June contract. The next month out is September. So you |
| 356 | 01:02:38,580 --> 01:02:50,190 | would be having a study of e s, you you as the symbol for contract delivery month, September, and then to zero to three on TradingView. for December, it |
| 357 | 01:02:50,190 --> 01:03:00,180 | would be E S Z as in Zipper 2023. And that will be your symbol for December contract for s&p, they're not going to mark to market perfectly the same. |
| 358 | 01:03:01,200 --> 01:03:13,230 | They're not. And when they first start becoming available and traded, there's going to be this really gappy inefficient price delivery. When you blend that |
| 359 | 01:03:13,410 --> 01:03:19,740 | with the present day narrative, which is essential and understanding where price is going to go, and that's what I teach, and that's something needs to be |
| 360 | 01:03:19,740 --> 01:03:29,460 | mentored. You can't I can't write a book, okay? And tell you in a paragraph or a chapter, this is this is the be all end all, this is how you do it. There are so |
| 361 | 01:03:29,460 --> 01:03:37,800 | many supporting things that you have to learn, which is the reason why this is expensive. It takes a lot of time to learn. It's not just by me, anyone, anyone |
| 362 | 01:03:37,800 --> 01:03:43,950 | that goes into this industry and wants to learn how to trade and they think they can do this shit. Learn how to be consistent in a couple months or one week |
| 363 | 01:03:43,950 --> 01:03:51,510 | workshop. I have so many people reached out to me, Hey, can we do a workshop? You know, we'll find it we'll put the put the whole thing together. Yeah, it'd |
| 364 | 01:03:51,510 --> 01:03:59,310 | be a 6040 split, I get 60 they get 40. And all I gotta do is teach. They do all the venue management. All I got to do is be there at the time and do it. |
| 365 | 01:03:59,910 --> 01:04:07,350 | Everything, all that shit marketing, all that sits done. That is them. I'm not interested, folks. But if I want to make more money, all I got to do is put a |
| 366 | 01:04:07,350 --> 01:04:18,120 | price tag on something there it is done. I don't want to do that anymore. I don't want to do it. Okay. But if you understand that if you're taking our short |
| 367 | 01:04:18,120 --> 01:04:30,660 | term, expectation on price, placing that in the context of what higher timeframe price action is doing. All the things that you're wrestling with right now. It |
| 368 | 01:04:30,660 --> 01:04:41,700 | diminishes not entirely but it diminishes greatly. Because you're looking for higher timeframe perspective to unfold. That's a macro perspective, not macro in |
| 369 | 01:04:41,700 --> 01:04:50,370 | the sense of the short little algorithmic things I'm talking about macro perspective. And micro perspective. Macro would be weekly, monthly. intermediate |
| 370 | 01:04:50,370 --> 01:05:03,090 | term would be daily four hour, and in short term is one hour less. And obviously micro is we're in the five minutes in less So here's a there's an heirarchy in |
| 371 | 01:05:03,090 --> 01:05:18,990 | price delivery. And what you might see in one timeframe, as bullish may just be a future retracement into a longer term sell model. In 1995, I had my ass handed |
| 372 | 01:05:18,990 --> 01:05:31,710 | to me on Swiss franc. I was looking at a weekly chart. And I was expecting this to be some kind of like a bull flag. And this is how the fake bull flags became |
| 373 | 01:05:31,710 --> 01:05:42,720 | a thing. As time goes along, and Swiss franc X actually told some of my friends look, I'm going along and Swiss franc was gonna do I think it's gonna go up this |
| 374 | 01:05:42,720 --> 01:05:54,000 | much. And what I did not understand is that it was simply going up into a small inefficiency that I understand and teach you now. It was going to go lower, and |
| 375 | 01:05:54,000 --> 01:06:04,590 | a lot lower. And that was one trade that I wrestled. I was convinced it was going to move for me and I kept opening up my stock kept opening up my stock cup |
| 376 | 01:06:04,590 --> 01:06:15,870 | and among my friends, they got stopped out. I was holding on to because why why? Why did Michael? rookie sensation ICT? Why did he think that it was a smart move |
| 377 | 01:06:15,870 --> 01:06:25,620 | to keep opening the stock? That means I was widening. Okay, wherever I had my initial stop loss, protected initial entry long. I was like, Okay, I know I'm |
| 378 | 01:06:25,620 --> 01:06:33,720 | right. But I'm probably wrong, where I'm placing my stop. So I have to just sit through a little bit more, open it up more and more, a little bit more, a bit |
| 379 | 01:06:33,720 --> 01:06:44,220 | more. And I was like, Okay, now this thing's looking like it really wants to go down. To go right to my stop. I'm going to just take the stop off. Well, that's |
| 380 | 01:06:44,220 --> 01:06:56,640 | my fucking tanked. Okay, and I experience $6,000 per contract. That's not fun. That's not fucking fun. Okay, especially when you're not in front of the chart, |
| 381 | 01:06:56,640 --> 01:07:11,490 | seeing it. It's just changing numbers. It's changing numbers on the screen. So I was like, Okay, this is bullshit. I gotta, this is painful. Well, that lessen |
| 382 | 01:07:11,580 --> 01:07:25,680 | that pain. That uncomfortable state would have taken many of you out of this and say, I'm never doing it again. Was I embarrassed cuz my friends saw me lose big. |
| 383 | 01:07:25,950 --> 01:07:33,090 | Absolutely. I was fucking totally demoralized. But I turned it around. I said, Okay, that's never gonna happen again. |
| 384 | 01:07:34,170 --> 01:07:46,950 | I knew I was wrong, but I arm wrestled it. I knew I was fucking wrong. I was under the pressure of the markets thumb. And it was giving me all the time in |
| 385 | 01:07:46,950 --> 01:07:57,150 | the world to save my own neck and I wouldn't listen. I came in with my preconceived notions that this is what the markets gonna do. I married the vein, |
| 386 | 01:07:58,110 --> 01:08:13,500 | I sold my soul to that trade, I was not going to let go of it. In it punished me. It tore my ass up. And that's that that gapping feature that I tell you |
| 387 | 01:08:13,500 --> 01:08:21,540 | about that was afraid of. That's where I learned that lesson from, because this was ranked is kept going lower. And then the next session, I'm holding over. |
| 388 | 01:08:21,990 --> 01:08:33,480 | It's just gaps further against me. I'm like, Look, clearly, it's got to be done now. Nope. Four days later, I'm still in here, no stop. No stop. And account |
| 389 | 01:08:33,600 --> 01:08:51,810 | gone. So back to saving money. Working on the weekend, delivering pizza, getting some scratch capital raised up again. And had to go back in and do it all over |
| 390 | 01:08:51,810 --> 01:09:02,250 | again. And the only lesson I learned from that at the time was don't hold overnight on for futures and currencies. Because the Gacha too much. That was |
| 391 | 01:09:02,250 --> 01:09:10,200 | the only lesson at the time that I learned but now knowing that what I know now, there's so many things that I understand about price action that I would never |
| 392 | 01:09:10,200 --> 01:09:18,930 | have gone long now. As the trader I am right now, and it's not because I'm hindsight 2020. And everybody could be saying the same thing. I know things that |
| 393 | 01:09:18,930 --> 01:09:30,780 | I was falling victim to, and I was not paying attention to it because I was unaware. I was unaware. My understanding of commitment traders was not what it |
| 394 | 01:09:30,780 --> 01:09:45,180 | is today, just simply because the commitment traders were showing long positions by the commercials. That was weeks before weeks before they had switched to |
| 395 | 01:09:45,450 --> 01:09:57,690 | being bearish net short position. That means if you're looking to commercial traders on a net trader chart they had more contracts net short than they |
| 396 | 01:09:57,690 --> 01:10:10,320 | weren't net long. So that means that They were shorting where I was buying. And I was that retail Rick, that got his ass handed to him. And I learned years |
| 397 | 01:10:10,320 --> 01:10:21,030 | later to look back at that and say, Oh, shit. This is one of those millionaire mega traits. And I didn't even see it or recognize it. So understand this is the |
| 398 | 01:10:21,030 --> 01:10:29,250 | guy that you're learning from. Okay, this is the guy that has more understanding today, that in the beginning, at that time, I didn't know what the hell I was |
| 399 | 01:10:29,250 --> 01:10:39,600 | doing. I was learning all this stuff, right then in there, I was learning it. You're having that same right now that experience right now. But I'm giving you |
| 400 | 01:10:39,600 --> 01:10:47,760 | insight that isn't taught anywhere else until they learned it from me. But you can't get it watered down, you have to understand there's a lot more detail to |
| 401 | 01:10:47,760 --> 01:10:54,900 | all the things I'm teaching. And just because you're introduced to the idea, don't fall victim to thinking you're ready and go out there and risk money |
| 402 | 01:10:54,900 --> 01:11:05,430 | because you're going to hurt yourself. And that small little hurt, that small, little loss incurred. And all losses suck, they do they absolutely suck. But in |
| 403 | 01:11:05,430 --> 01:11:16,140 | the beginning, every loss isn't a paper cut, it's like having your arm cut off, you're losing an appendage. And you make it like that, you increase it to that |
| 404 | 01:11:16,170 --> 01:11:25,140 | level of influence, impact. When it's nowhere near the degree that you really think it is, when you have experienced look back in that shift, that was |
| 405 | 01:11:25,140 --> 01:11:34,380 | nothing, you're gonna have a whole lot of paper cuts, sometimes a little bit of gas here, gosh, they're gonna stitch in stable and shut the fuck up and keep |
| 406 | 01:11:34,380 --> 01:11:40,530 | going do the same thing you've been doing because you just did one small mistake doesn't change the model doesn't make the model inefficient doesn't make it |
| 407 | 01:11:40,770 --> 01:11:51,450 | ineffective. It just means that you mess it up as the operator, own it, move on. Don't dwell on it, move on. But if you have flawed logic, right, from Jump |
| 408 | 01:11:51,450 --> 01:11:59,610 | Street, you're going to lose your ass. And you're going to be miserable at the end. Because you're going to remember all the times that you subconsciously knew |
| 409 | 01:11:59,610 --> 01:12:07,590 | that you should not have been doing what you're doing. But you didn't listen, you couldn't bring the the the amount of strength and discipline that's required |
| 410 | 01:12:07,590 --> 01:12:13,530 | to simply say, I'm getting out of this, this is wrong. I'll worry about making the money back at a later time. But right now I got to stop the bleeding. |
| 411 | 01:12:13,770 --> 01:12:22,410 | Because that's the first rule you got to do. Learn how to stop yourself from losing your ass. You're gonna lose money, folks, that's a guarantee, you're |
| 412 | 01:12:22,410 --> 01:12:40,470 | going to lose money, every trader, every trader loses. They do. I have learned where I lose the most. And I try not to trade in those instances. In April, I |
| 413 | 01:12:40,470 --> 01:12:48,570 | took road trips. I said, Fuck this, I'm not I'm not doing this. I'm not gonna get out here and call something that I know the probabilities are so low for me |
| 414 | 01:12:48,570 --> 01:12:56,640 | to be accurate. Why? Why feed the trolls I'm not going to do that. I'm going to practice what I preach. If I don't see some reason for me to be in front of |
| 415 | 01:12:56,640 --> 01:13:08,880 | charts, I'm getting the fuck out of dodge. See, I'm out of here. I had a lot of fun, relaxing, spent my time with my family. It was great. And then I got back |
| 416 | 01:13:08,880 --> 01:13:18,510 | home when I felt things were changing. You were told in advance where we were expecting the NASDAQ. You were told where we were expecting the euro. The |
| 417 | 01:13:18,510 --> 01:13:29,820 | dollar, they behaved exactly as I outlined them. You can't change that you can't discount it. You can't say it wasn't real. It's not hindsight. And it's not |
| 418 | 01:13:29,820 --> 01:13:40,950 | cherry picked. It's 100% understanding and to answer some of the folks that were crowing to me. Can you teach swing trading? Can you talk about higher |
| 419 | 01:13:40,950 --> 01:13:47,910 | timeframes, I don't want to look at a one minute chart. It's just I'm never gonna trade a one minute chart. Okay, that's you. But that same idea of |
| 420 | 01:13:47,910 --> 01:13:58,050 | understanding what price does and how it delivers? What makes price book the way it does. You can study hundreds of examples over the course of a few months in |
| 421 | 01:13:58,050 --> 01:14:08,130 | one minute data. And that same logic being applied to a daily or weekly or monthly chart, it's the same, it's still the same thing. It doesn't feel like |
| 422 | 01:14:08,130 --> 01:14:19,410 | that could be true, but it's exactly what it is. Because price. Here's here's the major discovery that I had was a major epiphany. I thought that the market |
| 423 | 01:14:19,410 --> 01:14:31,740 | was independently doing things randomly all the time. When that when it's not. It's not doing that at all. It's working from higher timeframe charts, down to |
| 424 | 01:14:31,740 --> 01:14:43,110 | lower timeframe charts, it's trading to where liquidity is resting, obvious, below old low, below old equal lows or above old high or above relative equal |
| 425 | 01:14:43,110 --> 01:14:55,770 | highs. That's liquidity. Okay. If you have already ran that liquidity, and you for instance, make the argument that you're bearish, okay. You're bearish on the |
| 426 | 01:14:55,770 --> 01:15:04,050 | market and you want to get short and go into pricing Get a look at a weekly chart that supports the idea, you think it's gonna go lower daily chart looks |
| 427 | 01:15:04,050 --> 01:15:12,870 | like it wants to go lower, you can clearly see where it would like to likely draw down to some old low or relatively equal low. You want to look and see has |
| 428 | 01:15:12,870 --> 01:15:22,620 | it gone into buyside recently, on a daily chart, weekly chart, or four hour chart, if it has, and it's sharply moved away and started going lower, you are |
| 429 | 01:15:22,620 --> 01:15:35,400 | in right now, a sell model. That means it's already started its movement. So someone that we're going to deem as smart money, someone's short, their interest |
| 430 | 01:15:35,400 --> 01:15:46,410 | in this is for it to go to an opposing pool of liquidity, which is what sellside. So your first objective is to look for low hanging fruit, you want to |
| 431 | 01:15:46,410 --> 01:15:55,650 | go to a weekly, I'm sorry, you want to go to a 60 minute chart to find some relatively equal low or single low that has not been traded to recently, there |
| 432 | 01:15:55,650 --> 01:16:04,260 | are sell stops resting below that. That's the market one on one, you don't need to read books and know that it's simple logic. If it moved up from there, |
| 433 | 01:16:04,500 --> 01:16:13,590 | chances are someone's holding a long position and their stop losses rate below that low. So the markets want to gravitate to that. If there's a large fair |
| 434 | 01:16:13,590 --> 01:16:24,000 | value gap, some kind of a bias on amounts on an efficiency that's below that, then you can view that as I'm taking a partial at that short term, 60 minute |
| 435 | 01:16:24,000 --> 01:16:32,040 | low. And I'm gonna try to get into the high of that by Sanibel sauce on an efficient the highest point, which would be like institutional or for entry |
| 436 | 01:16:32,040 --> 01:16:39,420 | drill. If you're long or bullish, we're not doing that here, the example would be making the argument that we're looking for lower prices, you would look at |
| 437 | 01:16:39,450 --> 01:16:47,400 | the highest point of that buy set on balance sells on an efficiency and then the equilibrium price point. That's how I would treat it. And then I would wait to |
| 438 | 01:16:47,400 --> 01:16:56,130 | see does it want to move lower, I would use the consequent encroachment of that Bisi to trade short, if it was supporting it wants to move lower, I would not be |
| 439 | 01:16:56,130 --> 01:17:04,770 | trying to trade the full closure of that bison unbalances on efficiency that separates me from the people that think they understand that, oh, it's gonna go |
| 440 | 01:17:04,770 --> 01:17:13,170 | there, because gaps have to be filled. They don't have to do anything. Those gaps can stay there for a long time. And they can stay there longer than your |
| 441 | 01:17:13,170 --> 01:17:21,300 | fucking equity can stay in your account, trying to trade to get that gap fill. So there's rules this, okay, there's levels that are understanding, and |
| 442 | 01:17:21,300 --> 01:17:31,320 | engagement has to be defined, and you have to be disciplined, but you have to know what you're looking for. And it has to be in writing. Like when I before I |
| 443 | 01:17:31,320 --> 01:17:31,920 | do a trade, |
| 444 | 01:17:33,510 --> 01:17:43,560 | I have an expectation of where I want to see it go to it's written down. Same thing I'm having right now. A small little notepad. And these are levels I'm |
| 445 | 01:17:43,560 --> 01:17:52,530 | looking for. It won't mean anything to you. I know some of you are, can you show me when you do that? Can you it's literally just me writing down a price. That's |
| 446 | 01:17:52,530 --> 01:18:02,100 | it? In my mind, I know why I wrote it. If someone picks it up on the street, and so this is ICT secret instructions. It's not it's just these are areas that I |
| 447 | 01:18:02,160 --> 01:18:10,290 | believe that the mark is gonna draw to. In my head, I have the narrative in mind as to why it would do that. I'm not I don't have time, dude. I'm trading on a |
| 448 | 01:18:10,290 --> 01:18:20,700 | one minute chart, sometimes less than that. Yeah. How long does it take you to write down? I believe that 4111 and a half is sell side liquidity. And fuck that |
| 449 | 01:18:20,700 --> 01:18:27,180 | if the markets already gone, it's left. It's already left the station Elvis has left the fucking building, it's gone. You can't do that kind of stuff. If you're |
| 450 | 01:18:27,180 --> 01:18:37,920 | Jay Turing, you can't, you can't journal as you go. You journal after the fact. But when you're studying and tape reading, you just marked down what you think |
| 451 | 01:18:37,950 --> 01:18:47,520 | is likely to draw to you and you do that on your chart. You do that on your charts that way it's there. And then you study what you have seen that it really |
| 452 | 01:18:47,520 --> 01:18:58,980 | do that? How did it behave when it did it? How long did it take to do it? Did it go there and just fall short of it in reverse. All these things are worthwhile |
| 453 | 01:18:58,980 --> 01:19:13,470 | studies. But some of the best seasonal tendencies are the ones that fail. I mentioned that in core content when I talked about seasonal tendencies. And that |
| 454 | 01:19:13,470 --> 01:19:21,390 | was an observation I really found on my own. I'm not trying to take credit for it or try to make a big deal. Now don't be dogmatic about it. But when I |
| 455 | 01:19:21,390 --> 01:19:30,480 | expected certain seasonal tendencies behave a certain way in certain markets. When they failed on me, they did it in stunning fashion. Like it was really |
| 456 | 01:19:30,480 --> 01:19:40,590 | something to be doing the opposite of and that was a major help to me. When I would lose money trying to go along with what I believed were seasonal |
| 457 | 01:19:40,590 --> 01:19:52,830 | tendencies. When I got my ass handed to me. I grew to trust the fact that I can be a short seller because of that pain. When I was taking a loss and a series of |
| 458 | 01:19:52,830 --> 01:20:01,440 | losing trades, trying to force my will on a seasonal tendency that I thought like don't look at the season. All tenancies are the panacea, they're not the be |
| 459 | 01:20:01,440 --> 01:20:12,750 | all end all. So I'm not going to be cast in stone where it always works. They don't always work. And while I wanted to see the indices present that |
| 460 | 01:20:12,750 --> 01:20:19,920 | opportunity, when I was going through social media, everybody was expecting it to go lower. Even the news was talking about, oh, stock market's gonna go down. |
| 461 | 01:20:20,340 --> 01:20:29,160 | This is not Mark's gonna do this. No, I'm aware that the debt ceiling was an issue. I was aware of all that stuff. We talked about it. But the technicals the |
| 462 | 01:20:29,160 --> 01:20:39,270 | price action was showing us that it wasn't willing to do so. It was an unfinished business on the upside. So because of that, we've been maintaining |
| 463 | 01:20:39,270 --> 01:20:46,260 | our focus on going long. And for the folks that don't pay attention, you see them they're the same individual that tweet like, but what about the seasonal |
| 464 | 01:20:46,260 --> 01:21:01,230 | tendency, though? I thought we're supposed to go lower, though. Okay. There's a there's a measure of common sense that you're going to have to use when you're |
| 465 | 01:21:01,230 --> 01:21:08,580 | learning this, especially with me, because I don't have patience for stupidity. If you are not paying attention to the fact that I'm looking at these markets |
| 466 | 01:21:08,580 --> 01:21:16,530 | and calling higher prices, I'm pointing your attention to this particular level I'm looking at right there, it does this is gonna come down and treats this fair |
| 467 | 01:21:16,530 --> 01:21:23,250 | value gap as a new version fair value got, I think it's gonna go up to just buyside liquidity, it's going to go up to this premium volume imbalance. Does |
| 468 | 01:21:23,250 --> 01:21:33,300 | that sound bearish to you? If it does, you missed the plot, go back and start from square one, because I wasn't trying to get you in shorts. I was taking your |
| 469 | 01:21:33,300 --> 01:21:41,640 | attention point is weekly imbalances. Why? Because that's the macro perspective, that macro perspective, sets the tone for the market is willing to do the |
| 470 | 01:21:41,640 --> 01:21:51,720 | opposite of what I wanted to see. Well, I wanted to see the fair, the sorry, the seasonal tendency I wanted, it didn't materialize. But because it was stagnant. |
| 471 | 01:21:52,020 --> 01:22:05,940 | It was chopping around in April while I was down there, so you're on the beach. And they were talking about what it would be just like them to not send it |
| 472 | 01:22:05,940 --> 01:22:15,990 | lower. So where would I want to look for? If price wants to go up? I need to take a look at that weekly chart again. And then that's what I shared with you |
| 473 | 01:22:15,990 --> 01:22:24,000 | all. None of my tweets, get delete, delete, they never get deleted. I don't edit them when I mess up and fuck up something or misspell something. It is the way |
| 474 | 01:22:24,000 --> 01:22:33,570 | it is. Okay. Go back and listen to the the Twitter spaces. Okay? People take them and they put them on their YouTube videos or channel and the monetize them. |
| 475 | 01:22:33,570 --> 01:22:40,890 | I don't give a shit make money. I don't care. Don't take my videos and folks, Travis Forex, I'm letting you know your channels GOT TO GET THE FUCK pulled down |
| 476 | 01:22:40,890 --> 01:22:48,780 | on YouTube. I did not give you permission to translate my shit into Spanish and cannot take my fucking videos and translate them. Okay, I don't get permission |
| 477 | 01:22:48,780 --> 01:23:03,780 | to none of that shit. So your whole fucking channels coming down? It's done. So when I took you through those mindsets of looking for some tendencies, I was not |
| 478 | 01:23:03,780 --> 01:23:11,970 | forcing my which is what I would have done as a 20 year old or a 20 year old. I would have been like, yeah, this season, who's gonna work I'm gonna I'm gonna do |
| 479 | 01:23:11,970 --> 01:23:23,700 | it. And I would have went into what the media and the news had been saying, Oh, the debt ceilings not going to be raised. Or we're going to default. Personally, |
| 480 | 01:23:23,700 --> 01:23:32,010 | I'm going to be honest with you. I wish we would fucking default. Because that's what it needs this whole system. Okay, just needs a fucking enema. It needs an |
| 481 | 01:23:32,010 --> 01:23:41,430 | enema. It's the stock market should not be where it's at right now. Okay, it absolutely should not be here that it isn't. It's not sustainable. But you can't |
| 482 | 01:23:41,460 --> 01:23:54,480 | look at that from common sense perspective and apply it to charts. You got to look at who can we hurt the most. And since the public wanted to sell short. One |
| 483 | 01:23:54,480 --> 01:24:00,750 | of the ladies that follow me she's one of my students. She was like, Is it time for the season set seasonal tendency to come in and we're lower prices now said |
| 484 | 01:24:00,750 --> 01:24:11,910 | now I think we need some more altitude first and reclined. And then when I told you that they created an immediate rebalance on the daily chart that really is |
| 485 | 01:24:11,910 --> 01:24:21,270 | like a supercharging to it's going to really ramp up their ass and look what they did. Where we opened up on Sunday, huge, big exhaustive gap, NASDAQ went |
| 486 | 01:24:21,300 --> 01:24:31,830 | way up into that real liquidity void that gap within that weekly charts volume and balance. That little sweet spot. And the whole time Dow has been sleeping. |
| 487 | 01:24:32,850 --> 01:24:43,920 | It's you know, I got I got better things to do. I'm catnap and I'm not interested in s&p has moved up but you're told that NASDAQ was a strong well ICT |
| 488 | 01:24:43,920 --> 01:24:51,660 | if that was the case, why was he trading NASDAQ? Because I'm taking you into one market and that way, you're you're gonna specialize in one whether you like it |
| 489 | 01:24:51,660 --> 01:24:59,190 | or not, you're gonna eventually gravitate to one or two markets. You're probably telling me right now, but we'll sit watch this I'm gonna trade 28 pairs I'm |
| 490 | 01:24:59,190 --> 01:25:09,810 | gonna be doing this The Ghost in the Forex you're gonna get your ass ghosted. You got to narrow your focus folks, there's not it's not a, it's not a |
| 491 | 01:25:09,870 --> 01:25:17,640 | disadvantage to do that it's advantageous for you to do it, your attention cannot be diluted, especially if you're going to trade the way I'm teaching |
| 492 | 01:25:17,640 --> 01:25:28,740 | because your attention needs to be 100% adhered to one instrument or a very closely correlated instrument. Because if you look at multiple things, a lot of |
| 493 | 01:25:28,830 --> 01:25:38,640 | like, Hey, can you talk about gold? Can you talk about crude oil? Can you talk about Bitcoin? Can you talk about this? I mean, I don't have the attention span |
| 494 | 01:25:38,670 --> 01:25:48,480 | to be able to do all those things. I can't, like my mind is racing 1000 miles an hour. And there's so many thoughts it's trying to get in front. And so many |
| 495 | 01:25:48,480 --> 01:25:56,430 | things I want to say to you so many things I want to teach to you. And things I want to do. I'm wrestling with that. So if I have more markets to talk about, I |
| 496 | 01:25:56,430 --> 01:26:04,740 | won't be effective as a teacher. That's how it was when I was doing mentorship. Everybody want to add more to can you talk about this pair? Can you just fucking |
| 497 | 01:26:04,740 --> 01:26:13,290 | listen to what I'm talking about with this one. Because when I'm teaching, and this one works in all of them, it works in all of them. So just slow your roll, |
| 498 | 01:26:13,770 --> 01:26:21,810 | roll your sleeves out and say, okay, he's given me what works. I'm not getting the flavor that I want. But it still will fill my belly. And I'll learn how to |
| 499 | 01:26:21,810 --> 01:26:28,710 | do this on my own market of choice after I learn how to do it, what he's teaching, that's the proper mindset with me, is not having your way mentorship |
| 500 | 01:26:28,710 --> 01:26:39,360 | here. Okay, we're not doing too let's, let's take requests. That's not how this works. Okay? To be effective, I have to do what it is that I know and not be |
| 501 | 01:26:39,690 --> 01:26:49,530 | distracted by it. Because I'm easily distracted, I'm very easily distracted. And maybe some of you have experienced that, you know, try and learn this, it's easy |
| 502 | 01:26:49,530 --> 01:26:59,130 | for you to want to be doing something else, you know. And that's why the Caesar sleeps, like sometimes, you know, put down the game controller put down the |
| 503 | 01:26:59,130 --> 01:27:06,300 | bonbons, but then the potato chips, I need you to really pay attention I'm about to say because if you don't listen, and adhere it to yourself as a trader or |
| 504 | 01:27:06,300 --> 01:27:20,070 | developing students, you're gonna be hurt by it later on. And it's avoidable. So in that time period of being away and taking a road trips and such. I thought to |
| 505 | 01:27:20,070 --> 01:27:30,660 | myself, you know, what, if I really wanted to fuck people over, I would go after this idea of selling mango away. |
| 506 | 01:27:32,040 --> 01:27:38,790 | And I would really flood the market with uncertainty, the debt ceilings not getting raised, we're going to default. Oh, man, the stock man's gonna get |
| 507 | 01:27:38,790 --> 01:27:49,380 | decimated every every doom and gloom prepper trader fucking channel out there was telling everybody the stocks were gonna crash. Nope, they didn't crash |
| 508 | 01:27:49,380 --> 01:27:58,740 | today, They rammed right up into a level I told you that we're gonna go to. So what made that price action going higher energetic like that. The fact that it |
| 509 | 01:27:58,740 --> 01:28:08,430 | was opposing the expected result, the expected result would be stocks should go lower and Sell in May and go away. Now that's not to say that we can't sell off |
| 510 | 01:28:08,610 --> 01:28:18,090 | right here or tomorrow. And that begins the whole typical may seasonality is just, it wasn't in the cards technically to go lower. And I'm not trying to pick |
| 511 | 01:28:18,090 --> 01:28:29,190 | the top but I'm satisfied with where the NASDAQ is. So when I say things like that immediately the infant's in learning how to do this will come up and say |
| 512 | 01:28:29,190 --> 01:28:37,350 | and I say that not to be mean but you're an infant. When you want to go okay, well, now what? Look at the guys and gals in the comment section or replies to |
| 513 | 01:28:37,350 --> 01:28:45,480 | my tweaking such and I see it all the time in my comment section. The same five or six people Okay, now what now? What's going to happen now what's going to |
| 514 | 01:28:45,480 --> 01:28:54,030 | happen? Like dude, what the fuck? It just moved over 1000 points over 1000 talking points that not one youtuber talked about not one of them. And I |
| 515 | 01:28:54,030 --> 01:29:00,120 | guarantee you secretly some of them have been failing me hoping they can come back and say he said it was going to do this. But guess what? You got your |
| 516 | 01:29:00,120 --> 01:29:14,340 | answer been? Your answers stretched out now. I'm trying to help all of you. But I'm teaching you practically based on what we're seeing in the chart real time. |
| 517 | 01:29:15,690 --> 01:29:25,410 | where's it gonna go next? I could do that all day long in one minute charts, all day long. All day long. Every every major fluctuation intraday, I can be a part |
| 518 | 01:29:25,410 --> 01:29:39,540 | of that up and down. I get losses. From that. I will incur losing trades by doing that. But I can play that all day long. Making 19,000 $20,000 over the |
| 519 | 01:29:39,540 --> 01:29:50,880 | whole week using multiple contacts or accounts for demo. I can do that. 19,000 hours in fucking one session. I don't need your bullshit. So when you look at |
| 520 | 01:29:50,880 --> 01:30:01,170 | these other folks out there, they're going to try to distract you from learning this because this is going to help you and it's going to miss minimize what |
| 521 | 01:30:01,170 --> 01:30:12,780 | they're doing. their strengths are going to be reduced by your ability to do this without any indicator, no crutch, not one fucking thing needs to be applied |
| 522 | 01:30:12,780 --> 01:30:23,160 | to your chart except for your own notes and annotations. And that flies in the face of the majority of everybody on YouTube. More people is going to join the |
| 523 | 01:30:23,160 --> 01:30:32,850 | hate wagon. Okay, they're going to, because they think that's going to be a way for them to overcome. This monster is Frankenstein iced tea is I'm just an |
| 524 | 01:30:32,850 --> 01:30:39,930 | average dude, man. That's it. I'm trying to help all of you. I'm not victimizing any of you. I'm not coming after your YouTube channel and trying to talk shit |
| 525 | 01:30:39,930 --> 01:30:57,300 | about anybody. And when you do that kind of stuff, it makes you the wrong kind of influence. Like our community here. Everyone that sounds a service, they'll |
| 526 | 01:30:57,300 --> 01:31:05,940 | say our community sucks. Well, they say that because they call bullshit when they see it from their YouTube channel. And they say that price is being bought |
| 527 | 01:31:05,940 --> 01:31:12,540 | up and buying pressure cents price higher when you know differently now. But they don't like that because it goes against their narrative, their, their |
| 528 | 01:31:12,540 --> 01:31:21,150 | selling points are those things, those features that appear in books. So it goes without saying, of course, they're gonna say our community's toxic. Because |
| 529 | 01:31:21,150 --> 01:31:29,940 | we're calling them bullshit. They're not doing the right things with the markets. Even if they're making money. They're attributing their happenstance |
| 530 | 01:31:30,480 --> 01:31:36,570 | being right, and I've had lots of that in the beginning. And these folks are 20 years old, they're fresh out of high school, most of them and they're teaching |
| 531 | 01:31:37,020 --> 01:31:41,190 | the fuck are you teaching? What not to do? That's what they're teaching. Don't do those things. |
| 532 | 01:31:52,020 --> 01:32:04,440 | I'm still here, I'm just looking at is what the hell is that? That's got to be a drum. Hang on. I'm not sure if I can do this while I'm talking to you in the |
| 533 | 01:32:04,440 --> 01:32:19,320 | chat. Oh, yeah, it's definitely a drone. So I find a drone. Um, I was like, Oh, shit, I got my UFO. What came out of nowhere, I chickened out anytime. But |
| 534 | 01:32:19,320 --> 01:32:33,180 | anyway, the this, this journey of yours, okay, this journey that you're going through, you're gonna have peaks of mountains, that you're gonna, you're gonna |
| 535 | 01:32:33,210 --> 01:32:41,280 | reach the top of it, I feel like you've conquered everything. And then you're gonna keep going forward, what if you're at the top of the mountain, what's |
| 536 | 01:32:41,280 --> 01:32:48,570 | gonna happen, you're gonna have to go down. Keep going forward. I mean, you're going down. But you're going to view that going down period as the end of your |
| 537 | 01:32:48,570 --> 01:32:59,040 | career. And you start pushing too hard on your trades and forcing things forcing, forcing things that aren't in the chart. So when I did was I use the |
| 538 | 01:32:59,190 --> 01:33:11,730 | information that I gleaned from pain, blown accounts, real psychological warfare that I put myself through. No troll can say anything. To me. That would be more |
| 539 | 01:33:11,730 --> 01:33:19,320 | painful than I've already done to myself in my career as a 20 year old. Nobody could do anything to me. Nobody can do anything, say anything about me. That |
| 540 | 01:33:19,320 --> 01:33:27,240 | makes me fucking lose sleep. I don't give a shit. Okay. But you as a new student, whether you're learning from me or anybody else, you're highly |
| 541 | 01:33:27,240 --> 01:33:36,630 | influenced. It's so easy to manipulate and you're malleable. Like you're you can be manipulated to the point where bad news about anything that you're trying to |
| 542 | 01:33:36,630 --> 01:33:43,560 | do will convince you quickly and you'll use that as a perfect excuse to say, Okay, it's too much effort. Yeah, it's definitely a fraud. It's definitely a |
| 543 | 01:33:43,560 --> 01:33:53,370 | scam. It's this this this doesn't work. It doesn't. This isn't work. When does you just simply haven't put the time in doing the right things. Okay. There's |
| 544 | 01:33:53,370 --> 01:34:02,370 | people out there spent a lot of time doing stupid shit. Watching videos only. You got to be in this looking at the price action studying it. Going through the |
| 545 | 01:34:02,370 --> 01:34:14,130 | process of measuring how much drawdown the trades occur? How often does these fair value gaps form? I've literally removed all of the fucking guesswork and |
| 546 | 01:34:14,130 --> 01:34:23,550 | reduced it down to a 60 minute time window. Okay, 60 minute time window, gave it a cool last name the silver bullet because that's what you're looking for a |
| 547 | 01:34:23,550 --> 01:34:32,790 | fucking silver bullet that never misses. Okay? If you understand narrative, you know, where the next drop in liquidity is? You had a 90% likelihood of making |
| 548 | 01:34:32,790 --> 01:34:40,860 | fucking money if you knew how to trade and use that model. There's nobody else out there can say that shit. Because their indicators they don't know when their |
| 549 | 01:34:40,860 --> 01:34:48,270 | indicators are gonna change and say it's overbought, oversold, or it's a divergence. They don't know. They're a victim of that shit. They're waiting for |
| 550 | 01:34:48,270 --> 01:34:56,250 | that train wreck to happen. They're waiting for it. I am telling you where this shit is going to explode. I'm telling you where it's gonna go to. I'm telling |
| 551 | 01:34:56,250 --> 01:35:09,630 | you what time it's going to form. What guessing games you Need to make now? What guessing game between 10 o'clock and 11 o'clock every fucking day, there is a |
| 552 | 01:35:09,720 --> 01:35:17,250 | gap that can be found from a five minute. If it's not on a five minute Where do you look okay? dropped down to a four minute. But I don't see a gap there yet. |
| 553 | 01:35:17,280 --> 01:35:24,600 | Let me drop down to what, three minutes you've learned that in a 2022 model. Somebody you're pretending like you've never even watched that stuff. Even you |
| 554 | 01:35:24,600 --> 01:35:34,440 | didn't figure that out yet. You have to go down you're doing a top down analysis on intraday chart or micro market analysis. Five minutes. That's your high |
| 555 | 01:35:34,440 --> 01:35:45,570 | timeframe on intraday when you're little timeframes. You know, five minutes is like a fucking weekly chart on a 15 second chart. I don't want to trade that |
| 556 | 01:35:45,570 --> 01:35:55,140 | way, then don't fucking trade that way. But use the information when the higher timeframes. You guys bellyache the belt and get food. The people that do belly |
| 557 | 01:35:55,140 --> 01:36:01,560 | ache, your belly aching about things that I've already addressed. If you just simply watch the videos and kept good notes, I've already talked about those |
| 558 | 01:36:01,560 --> 01:36:08,220 | things. But you're fucking lazy. You don't you want me to take you to the video at the minute marker and save you all the time and effort of going through it |
| 559 | 01:36:08,220 --> 01:36:15,990 | properly. And you learn more going through it the normal way. You think that one thing you're wrestling with now is going to be the thing that makes it better |
| 560 | 01:36:15,990 --> 01:36:23,370 | for you to start making money. That's not how it works. Because when you learn something new 20 More fucking questions pop up. You don't that none of that's |
| 561 | 01:36:23,370 --> 01:36:33,690 | called, it's fucking progress. Okay, that's progress. And you're afraid of it. Because you're stepping into the unknown, you're stepping into a field that is |
| 562 | 01:36:33,690 --> 01:36:47,310 | extremely technical. And all the results are contribute to your decision making your execution, you're pushing the button, you're not or placing of a stoploss |
| 563 | 01:36:48,390 --> 01:36:56,190 | the amount of leverage that you're applying to that trade, that's all your fucking fault. It's yours. You need to own it. I never sugarcoat that stuff. And |
| 564 | 01:36:56,250 --> 01:37:01,890 | the people that bellyache the most are the ones that are doing all the wrong things. And they're thinking that there's something new I'm going to teach that |
| 565 | 01:37:01,890 --> 01:37:12,780 | fixes that. When it's you. You are It wasn't me when I was younger, I did all that same stupid shit. I was the reason why I was blown as accounts. It wasn't |
| 566 | 01:37:12,780 --> 01:37:22,260 | the market. It was me. I knew what I was doing most of the time was wrong, right before it would stop me. And I still wouldn't get out. Because I was |
| 567 | 01:37:22,320 --> 01:37:32,550 | armwrestling it. Well, I had a perfect opportunity to perfect stage set for me right now. Just recently, in the last six weeks or so. I introduced what I like |
| 568 | 01:37:32,550 --> 01:37:40,530 | I would like to see the seasonal tendency pan out. I would like I said that I said it in Twitter spaces. I said it in a YouTube video. I audibly made myself |
| 569 | 01:37:40,530 --> 01:37:52,980 | and talked about it in tweets. But if the market in itself is showing us, it's not going to do that. I'm not that same 20 year old neophyte. I'm not the guy |
| 570 | 01:37:52,980 --> 01:38:02,910 | that's wrestling with his emotions about being right. I don't need to be fucking right. It's actually better. It's better when I'm not right. I can teach you |
| 571 | 01:38:02,910 --> 01:38:12,750 | when I'm messing it up. I'm a human being if I make a mistake, how are you going to deal with that? But how does it deal with it when he does it wrong? Look at |
| 572 | 01:38:12,750 --> 01:38:23,040 | what I did on Friday. Like 11,000, something, whatever it is, in terms of trading up now I'm down. And I force myself to take shorts that I know that |
| 573 | 01:38:23,040 --> 01:38:33,240 | could potentially pay out. But the bias was what reaching that weekly volume and bounce I even type it out. This is not a short. You're all gonna see it. So I'm |
| 574 | 01:38:33,270 --> 01:38:43,080 | communicating that, yes, there's a short there. But it's not the short that I would really want. I want to be long. And I showed you the history, every little |
| 575 | 01:38:43,080 --> 01:38:53,340 | trade every little thing that went through. And I think it was like 975, our losing trade there. But on the grand scheme of things is nothing on that day. |
| 576 | 01:38:55,110 --> 01:39:03,390 | You wouldn't even feel that if every one of those trades were made by you. You would you be worried about 935 hours, that would have been a loss. For some of |
| 577 | 01:39:03,390 --> 01:39:09,780 | you. It's like the end of the fucking world. It's the rock in your shoe. You can't go any further. I can't I can't do this anymore. It's hurts too much. |
| 578 | 01:39:10,740 --> 01:39:23,880 | You're not ready. So how do you fix that? Go back into back testing. For the guy that sent me a tweet this morning. And said, What do I do if I'm able to see the |
| 579 | 01:39:23,880 --> 01:39:31,290 | draw on liquidity? Well, first of all, you gotta understand, are you able to do that? Are you using mine? Because if I'm calling the market direction, and |
| 580 | 01:39:31,290 --> 01:39:40,890 | you're falsely attributing it, that you can do that because many times students come to me in their early stages. They think I'm ready because I'm lending you |
| 581 | 01:39:40,890 --> 01:39:50,850 | my experience. I'm giving you my 30 years of experience reading these markets. That way, you can decide on where you think tomorrow is gonna go. You can ignore |
| 582 | 01:39:50,850 --> 01:39:57,900 | me. You can fade me at your peril. But I'm telling you where I believe that Mark is gonna go next and look at it. We've been doing it for a couple years now |
| 583 | 01:39:57,900 --> 01:40:07,350 | publicly. And you decide is it Is it accurate? Is it accurate or not? If it is, that's what keeps you here. That's what keeps the community growing. Because if |
| 584 | 01:40:07,350 --> 01:40:15,810 | I didn't know what I was doing, I would be canceled already, like this guy gonna talk he's talking about. You see it, you see the evidence of it. But are you |
| 585 | 01:40:15,810 --> 01:40:25,890 | really able to see the next year on liquidity? If you are? What model are you using? What's the multiplier use? What PD array are you using to get into a |
| 586 | 01:40:25,890 --> 01:40:37,170 | trade, it's always changing. As a mentor, I discovered it, many of my students wanted to force a specific PD array, and it's usually the beginning, it's the |
| 587 | 01:40:37,170 --> 01:40:47,610 | order block, the least thought thing that I've done, that's the thing that they want. Because everybody doesn't know what the fuck they're doing with it. And |
| 588 | 01:40:47,610 --> 01:40:56,220 | I've already said this, that will not be released until it's in a book, because it's been already been abused poorly from other people, you don't know what an |
| 589 | 01:40:56,220 --> 01:41:03,210 | order block is, okay? It has nothing to do with level two data has nothing to do with the size of orders resting in the market has nothing to do with that. It's |
| 590 | 01:41:03,210 --> 01:41:10,890 | a change in the state of delivery, where the market turns from a bimodal to a sell model from a sell model to a buy model. I have not taught that to anybody. |
| 591 | 01:41:10,890 --> 01:41:19,110 | My charter members don't know that. They did not learn that, okay, they had been introduced to an idea, they were all in the room right now. And I said, Okay, |
| 592 | 01:41:20,040 --> 01:41:27,210 | raise your hand is private mentorship student, you're all charter members, raise your hand, if I taught that, nobody would raise my hand up. |
| 593 | 01:41:28,470 --> 01:41:35,190 | Raise your hand, if I said, you just been introduced to it, there's more lectures coming on that they would all raise your hand to stop believing these |
| 594 | 01:41:35,190 --> 01:41:42,690 | fucking people trying to sell you shit, I got the secret from ICTs forum, he taught this He taught him I'm never teaching fucking them, it's not going to be |
| 595 | 01:41:42,690 --> 01:41:50,490 | taught to anybody outside my fucking family, my children are going to decide whether or not he ever gets taught. Maybe one or more sell out there. So make it |
| 596 | 01:41:50,490 --> 01:41:56,220 | a book or make it a course or whatever, I don't give a fuck, you know, it's there. It's their decision, I'm not doing it. I'm not doing it |
| 597 | 01:42:04,410 --> 01:42:15,450 | I'm going on a really long rabbit trail. Gotta take my notes here making sure I'm on the right path. So he talked about that and talked about the model, and |
| 598 | 01:42:18,900 --> 01:42:30,840 | the contents of our released I hope you guys can appreciate me just talking to you like you. We've known each other for a long time. Because this is how I talk |
| 599 | 01:42:30,840 --> 01:42:41,340 | to you. If you were right next to me. If you were doing one on one with me, this is how I talk to you. I wouldn't sugarcoat anything, I would be honest, I will |
| 600 | 01:42:41,340 --> 01:42:48,630 | tell you where I made mistakes, I will tell you what I learned from those mistakes. And I wouldn't hide from it. Because that's that's where the real |
| 601 | 01:42:48,630 --> 01:43:01,170 | learning occurs. But so many of you are perpetual ICT students, and you don't realize it. And I understand that you like what I do, and you like, how I do it. |
| 602 | 01:43:01,170 --> 01:43:10,440 | And it's great concepts. But don't lose sight of why you are learning. You're all waiting for the next thing to be taught. Just like the folks that always |
| 603 | 01:43:10,440 --> 01:43:19,350 | say, when it delivers to where I think it's gonna go. The market goes to whatever level at mine publicly, and it does that they're the first four or five |
| 604 | 01:43:19,350 --> 01:43:28,410 | people that show up in my comment section, or reply to a tweet and say, Okay, what's next? Now, here's one, that's either one or the other. It's somebody |
| 605 | 01:43:28,410 --> 01:43:36,900 | that's waiting for me to get it wrong. And they're gonna champion that all over the internet. He said it was gonna do it and did that, okay, or they're just |
| 606 | 01:43:36,900 --> 01:43:48,360 | somebody that wants to always be in the marketplace. And there is a period of time between trades, that you have to get real comfortable with that period |
| 607 | 01:43:48,360 --> 01:43:56,370 | between not engaging when the market delivers something that you have anticipated, but we we just watch it unfold. In the indices. We watched it |
| 608 | 01:43:56,370 --> 01:44:09,870 | unfold in Euro dollar dollar index. Okay. So I did things in forex, for the crowd that loves Forex. And then we mostly grew from that. And I stay true to E |
| 609 | 01:44:09,870 --> 01:44:19,200 | Mini s&p. I said I was going to focus on E Mini s&p. But before we even started this whole parade, I told you, NASDAQ was the one and if you're trading NASDAQ, |
| 610 | 01:44:19,200 --> 01:44:33,180 | keep your focus up on that weekly gap inside that volume of ELLs, and we gapped up into it today. Beautifully. I'm satisfied. Now what does that mean? That we |
| 611 | 01:44:33,180 --> 01:44:44,190 | understand you put in your notes. That means I am literally neutral. I hold no bias right now. What do you mean you don't hold bias commodity to your home? But |
| 612 | 01:44:44,190 --> 01:44:59,160 | no, I enjoy the period of time when I expected the market to perform a specific way. I submitted myself to that whole time. I didn't arm wrestle it. I bask in |
| 613 | 01:44:59,160 --> 01:45:11,190 | it. I peacock around in front of my wife about a time you think I'm being funny I am. I'm fucking really doing it because I want her to see what I do that she |
| 614 | 01:45:11,190 --> 01:45:19,050 | thinks is a video game like this is hard. It's hard isn't a fucking video game is something that takes a lot of skill, a lot of attention, a lot of effort, |
| 615 | 01:45:19,380 --> 01:45:30,120 | focus, and you're wrestling with yourself. And on social media, I have all kinds of assholes constantly coming over here, trying to promote some idea that would |
| 616 | 01:45:30,120 --> 01:45:38,760 | be opposing to whatever I'm saying, hoping that they're right. And most of them are falling in their face. And I just let them talk. I'll mute him. But you |
| 617 | 01:45:38,760 --> 01:45:48,450 | don't ever hear from him again. They stopped talking to shit. Now go check and see what they're doing. They block me. But I do this the rub my wife, I'm like, |
| 618 | 01:45:48,450 --> 01:45:57,630 | hey, look, you know, I said, this is what's gonna happen and this is what it is. And she's like, unimpressed because he thinks it's fucking PlayStation. Like |
| 619 | 01:45:57,630 --> 01:46:13,320 | it's it's some kind of Xbox One game. So when you learn how to do this, and you get your victories, learn to bask in them. That's not ego. You're gonna need |
| 620 | 01:46:13,320 --> 01:46:22,350 | those moments to lean on when you go into periods of drawdown. You gotta be able to remind yourself man, it felt really good to get this right to do everything |
| 621 | 01:46:22,380 --> 01:46:34,440 | in the analysis as I was taught, and it performed exactly as I was expecting. This feels good. You need to set up a tent in live there for a little while. Not |
| 622 | 01:46:34,440 --> 01:46:48,480 | just Okay, next trade. That's where you get your ass Hannity. Every Listen folks, listen real real fucking close. Because this is the truth. Every single |
| 623 | 01:46:48,480 --> 01:47:02,100 | time. Every single time I blew an account came immediately on the heels of something like we just experienced where I did something right. It performed the |
| 624 | 01:47:02,100 --> 01:47:11,550 | way I was expecting and went to Target. And that that sugar high were off and they were off fucking quick. You think? Oh you call 1000 point move. Does this |
| 625 | 01:47:11,550 --> 01:47:19,350 | does that does this you know all these wonderful feelings. You get the butterflies. You share it with your friends. You show your co worker you show |
| 626 | 01:47:19,350 --> 01:47:26,430 | your bosses what I made that way you knows that you're fucking pitons of a money. paycheck you give me it's nothing to me. It's literally fucking less than |
| 627 | 01:47:26,430 --> 01:47:41,520 | one handle on the s&p for me Go fuck yourself. That wears off fast. That wears off real real fast. So what do you want to do? You want to get another hit. We |
| 628 | 01:47:41,520 --> 01:47:55,920 | didn't want to drag on that joint we call the market Smokings bad for you don't do that. Smoke the markets. It's healthier. too. Don't rush. Don't rush to get |
| 629 | 01:47:55,920 --> 01:48:04,590 | back in there and do something right away. Because what you're feeling is withdrawal. You're all hopped up on goofballs you did something right, which is |
| 630 | 01:48:04,590 --> 01:48:15,360 | a great champion that that lived there for a little while. take a week off, you just did something amazing. But most people fail at you adhere to one rule, |
| 631 | 01:48:15,720 --> 01:48:27,120 | which is stick to the model. Don't get caught up with the media and media saying, Oh, the markets gonna crash. I would like to see it happen. I would like |
| 632 | 01:48:27,120 --> 01:48:38,250 | to see us default. It would be painful as shit, it would be a wreck. Carnage every fucking way. But that's exactly what should take place. In a real free |
| 633 | 01:48:38,250 --> 01:48:52,680 | market. That's what should be happening. It's not. So you got to keep taking your buy signals. If the market saying I'm not going down, then the best pain |
| 634 | 01:48:52,680 --> 01:49:02,940 | threshold will be met by going higher. Now here's narrative. This is where we transition from just market macro perspective talking in generalized commentary |
| 635 | 01:49:02,940 --> 01:49:14,130 | to now specifics where we have a seasonal tendency that even the general populace news that, you know, if you're a trader in stocks, usually it's the |
| 636 | 01:49:14,430 --> 01:49:25,380 | seven main go away. I would like to see that form. But what is the chart telling me there's a weekly volume imbalance, everything I've taken you to into the |
| 637 | 01:49:25,380 --> 01:49:33,540 | charts too, because the charts tell the story. Fuck the media, fuck all the reports. I don't even know what those data points say. Like when CPI comes out, |
| 638 | 01:49:33,570 --> 01:49:41,790 | I couldn't tell you to see my own ass with any of that information was or what the what the data was. I could never tell you. I don't care. I don't care to |
| 639 | 01:49:41,790 --> 01:49:51,750 | know because it's all bullshit. It's all fake. It's all manipulation. They use that as a way like a magician. Okay, if I was standing in front of you. I'm |
| 640 | 01:49:51,750 --> 01:49:58,230 | pretty good sleight of hand I could take something placed it in this hand and you'd swear up and down that I placed it here and it would be in my other hand. |
| 641 | 01:49:58,590 --> 01:50:07,110 | And while you're looking at their hand I'm dropping into my pocket, or switching into something else. And then the reveal would be like, how do you just do that? |
| 642 | 01:50:08,010 --> 01:50:14,730 | Well, that misdirection. That's what these reports are, folks. So if you've never really gotten the gist of why I've talked about the economic calendar, |
| 643 | 01:50:15,060 --> 01:50:22,770 | it's not because I'm a fundamental trader, because fundamentally, I think it's flawed to think about it fundamentally. I'm a technically minded trader, I |
| 644 | 01:50:22,770 --> 01:50:31,740 | believe that the charts are telling you in advance how they're gonna hurt the people that believe the bullshit. So if you're a person that likes to trade with |
| 645 | 01:50:31,740 --> 01:50:44,100 | fundamentals, that will wreck your ass on these intraday charts, because they're gonna do something. And the easiest thing to do is to study, go over to Forex |
| 646 | 01:50:44,100 --> 01:50:54,870 | factory, okay? Go to Forex factory, and click on any one of the news drivers that are high impact or medium impact. Okay, and when you do that, click on the |
| 647 | 01:50:54,870 --> 01:51:03,570 | information that tells you how to determine what it means. If this report comes out, in the hot if a number is higher, it's good for the currency, or it's good |
| 648 | 01:51:03,570 --> 01:51:15,030 | for, you know, whatever, or it's not good for it. It's negative expected to be lower in prices, because of how many times to do that. It's 5050. Don't take my |
| 649 | 01:51:15,030 --> 01:51:23,460 | word for it, go back to the data and see it for yourself. So if it's 5050, what fucking use is anyone to even worry about what it is? So you got to look at the |
| 650 | 01:51:23,460 --> 01:51:33,600 | technicals. And you got to ask yourself this question, which is what I teach, who can be hurt the easiest? Where's the shortest line to pain? Where profit can |
| 651 | 01:51:33,600 --> 01:51:38,550 | be made? When I look at charts, I'm looking at victims. |
| 652 | 01:51:40,140 --> 01:51:51,030 | That's what I see. Okay, I see stop loss orders that are easy to take. I see inefficiencies that needs to be revisited to and still keep the context or |
| 653 | 01:51:51,030 --> 01:52:00,840 | narrative underway that's in price action that normal retail traders would not expect it to be because they're looking at charts with patterns, or they're |
| 654 | 01:52:00,840 --> 01:52:08,700 | doing things harmonically. They're looking for Fibonacci ratios to only match at this point, you're looking at animal patterns, and all these other things. It's |
| 655 | 01:52:09,210 --> 01:52:19,620 | believing it as a religion. And all of those things I factor in Yes, I understand harmonic trading. Yes, I understand all that other bullshit, Elliott |
| 656 | 01:52:19,620 --> 01:52:28,800 | Wave, I understand all that stuff. And when I look at charts, I can see how they're wrong. And when Smart Money will roll on them. So without needing to |
| 657 | 01:52:28,800 --> 01:52:41,550 | teach you all the bullshit, Elliot waves find a man harmonic patterns, all that dumb shit. I take you right to the narrative, that pdra matrix, it saves me so |
| 658 | 01:52:41,550 --> 01:52:50,010 | much time, not going through this shit that's going to bog you down. Because right, I'm getting right to the point you don't realize I've gotten to the point |
| 659 | 01:52:50,040 --> 01:52:58,680 | every time I talk to you, it's right to the point. But the problem is, is where I take you, it's uncomfortable. You want it to be easy. You want to be right now |
| 660 | 01:52:58,680 --> 01:53:10,530 | real quick understanding. And it's not like that. But the people that put the work behind it, and they say okay, I'm looking for one model. I'm looking for |
| 661 | 01:53:10,530 --> 01:53:20,730 | this type of trade. And I'm going to simplify it by only looking for this thing right here. What does that could be the breaker could be the model and 2022 |
| 662 | 01:53:20,730 --> 01:53:28,980 | could be that. That's it. It could be the silver bullet, which now is removed the whole idea of when does it form? When do you look for it in this? It's |
| 663 | 01:53:28,980 --> 01:53:37,260 | offered to you in london session. It's offered to you in the New York session in the morning. And it's offered to you in an afternoon in New York afternoon. |
| 664 | 01:53:38,100 --> 01:53:49,110 | There's three fucking opportunities per day. What are you doing with it? What are you doing? Have you gone back through your own charts, and studied it the |
| 665 | 01:53:49,110 --> 01:53:58,710 | same way I've been teaching it to you forever. It's the Fair Pay Gap forms. Though, if it doesn't form either on the five minute chart, you drop down to the |
| 666 | 01:53:58,710 --> 01:54:04,770 | four minute chart. If it's not on the four minute chart, you dropped down to the three minute chart, if it's not on a three minute you drop down to two, because |
| 667 | 01:54:04,770 --> 01:54:13,830 | not they're gonna to drop down to the one. If it's not there on the one you dropped down to a 32nd or 15. Second, whether you trade it or not. You study it |
| 668 | 01:54:14,430 --> 01:54:23,070 | because you're teaching your mind your your brain what you're not realizing. When you're looking at price. You're not selling yourself okay, this is a 60 |
| 669 | 01:54:23,070 --> 01:54:29,760 | minute chart. And it only works on a six minute chart. Your brain is looking at these candlesticks and you're running through this rush of emotions. It's going |
| 670 | 01:54:29,760 --> 01:54:36,570 | up it's going down you want to go down but every time it goes up you're thinking it's probably gonna fail. It's probably one losing trade. I got a stupid fucking |
| 671 | 01:54:36,570 --> 01:54:43,200 | demonstrate on it's going to be fucking loser. I'm wasting my time with this shit. You're not doing it right. You might be doing a lot of that and saying |
| 672 | 01:54:43,260 --> 01:54:51,360 | I've been studying a lot fuck you ICT and I've been putting enough time and you've gotten tired of hearing it. I'm tired of ups and moaning. How about that? |
| 673 | 01:54:52,230 --> 01:55:01,980 | How about that? I'm tired of listening to the same couple people bitching about how they don't like being told you're not working the right way, you got to work |
| 674 | 01:55:01,980 --> 01:55:07,290 | the right way. You got to follow the fucking rules. If you don't want to follow the rules, of course, you're not going to get the results. Of course you're not. |
| 675 | 01:55:07,680 --> 01:55:14,400 | You can join a gym. If you never take your fucking ass there, you're never gonna get fit. Just because you show up and listen to me talk. You're not listening to |
| 676 | 01:55:14,400 --> 01:55:22,050 | fucking weights, you're not pushing, you're not putting the effort in, you're not doing the repetitions to the degree of failure. Most muscle growth comes by |
| 677 | 01:55:22,050 --> 01:55:29,130 | fail, you got to take that point where you can't do any more when it's failure, then you've caused damage. The muscle says Okay, fuck this, I gotta get |
| 678 | 01:55:29,130 --> 01:55:40,170 | stronger, build more muscle. Well, your brain is the muscle with this. You have to build it up and eat you have to go through that really boring shit. You gotta |
| 679 | 01:55:40,170 --> 01:55:47,520 | listen to lectures like this, where it sounds like I'm chewing your ass out. And I don't want you to see when I do want you to succeed. It's, it's your |
| 680 | 01:55:47,520 --> 01:55:57,960 | perspective. If you want to come into this as a victim, you're gonna see everything and you're a victim to it. The way I teach, you're victimizing the |
| 681 | 01:55:57,960 --> 01:56:09,690 | unlearned, you're victimizing the neophyte, they don't know how to fucking trade they put their stop loss in the wrong place. We're running on them we're not |
| 682 | 01:56:09,690 --> 01:56:19,770 | running in a pack. Like a wild animals. Okay, trying to find whatever thing whatever it moves next that's reacting to price fuck that. We are cheetah we |
| 683 | 01:56:19,770 --> 01:56:26,970 | know we can run any fucking thing down we can run anything down put whatever fuck you want to put in front of us. Whatever method out there. We will run |
| 684 | 01:56:26,970 --> 01:56:37,950 | circles around that shit. Nothing can fucking beat what I'm telling you. Um, nothing, nothing. Nothing can beat this. Nothing. If it could it would a cane. |
| 685 | 01:56:37,980 --> 01:56:54,870 | It's never come. You are a cheetah stalking in the high grass. And there's a herd out there. They think they're safe because they're close. They're all doing |
| 686 | 01:56:54,870 --> 01:57:06,030 | the same thing. eating the grass. They're hanging around. Same people doing the same shit. Harmonic retail Elliott Wave shit. here that you that you're sitting |
| 687 | 01:57:06,030 --> 01:57:16,980 | out there in a long grass. You're just waiting. You're just waiting and waiting and waiting. And you see that one? Is l just takes a step too far out and puts |
| 688 | 01:57:16,980 --> 01:57:30,930 | his stop loss right there. Easy for the taking the herd. He's going to move away. But that one animal that doesn't know what it's doing. It doesn't shift |
| 689 | 01:57:31,080 --> 01:57:46,470 | when it should. Now there's a fair bit I get in 72 miles an hour in seconds. Your asses they're counting on it. That's what I'm envisioning in price. Do I |
| 690 | 01:57:46,470 --> 01:57:57,180 | know that person that's losing money? No. Do I know the person that has all their hopes and expectations of making money? On that trade? Do I know them? Do |
| 691 | 01:57:57,180 --> 01:58:09,690 | I? Am I going to see them? No. Am I worried about them? No. Do I feel bad that they lost money? No. I have to eat. You have to eat. Everybody signs the same |
| 692 | 01:58:09,690 --> 01:58:18,120 | risk disclosures when it comes to this market. Everybody understands that you can lose and lose more than you have. I have no qualms about it, period. It's |
| 693 | 01:58:18,150 --> 01:58:33,390 | way it is it's a jungle out here. You either are prey, or you're a predator. I don't walk around or teach my students to be the lamb. This is the way it is |
| 694 | 01:58:33,390 --> 01:58:43,200 | folks. You have to have teeth and you have to have claws. And you need to know when to use them and how to use them. You want to come in here and play the nice |
| 695 | 01:58:43,200 --> 01:58:51,540 | guy role and everybody you know, he's gonna love you and you never say anything wrong or never off color, whatever the bottom line is. That's not what this is. |
| 696 | 01:58:51,540 --> 01:59:02,730 | This is fucking war. We're talking about money, real money. Lots of it. And major entities out there that do not want you to be doing this successfully. |
| 697 | 01:59:04,020 --> 01:59:13,620 | They're gonna roll on that. And I'm teaching you how to beat the fuck out of that. Okay, consistently, you'll be able to disconsolate walk in there every |
| 698 | 01:59:13,650 --> 01:59:22,560 | every single week. You go to work? Do you have to learn your job every week? Every new every new week that you go there? Do you have to relearn your job? No. |
| 699 | 01:59:23,310 --> 01:59:29,910 | You know what you're doing? You're fucking bored. You can't stand being there. It's the same thing for trading. You need to get your trading to be just like |
| 700 | 01:59:29,910 --> 01:59:40,800 | that. For the folks that are struggling, you can see the draw. I'm going to play devil's advocate for a moment. Let's say for a moment that you can determine the |
| 701 | 01:59:40,800 --> 01:59:50,010 | next draw on liquidity. You can do it all by yourself without me. Wonderful. I'm proud of you. That's that's the number one thing is if you can do that, you will |
| 702 | 01:59:50,010 --> 02:00:05,280 | always find setups. But if you can do that, and you can see how trades for arm, but you can't execute on them. How do you fix that? Well, you don't have a |
| 703 | 02:00:05,280 --> 02:00:15,150 | model. You just have a familiarity. Okay, the market should be turning here. Will What do you do? Well, what is it telling you? Is there an order block? Is |
| 704 | 02:00:15,150 --> 02:00:26,070 | there a fair value gap? Is there a breaker? Is it institutional order flow entry drill there? Is it? Good grief? Is it optimal trade entry? Any number of things? |
| 705 | 02:00:28,410 --> 02:00:39,840 | Is it an Artemus pattern? Oh, my not to my charter members. Oh, shit. And here comes a whole new wave of videos by everybody on YouTube, the ICT Artemus. |
| 706 | 02:00:39,840 --> 02:00:48,060 | Trade, he never loses. That's bullshit. The guys that are out there saying you never lose doing Silver Bullet trace, you shouldn't do that. That's false |
| 707 | 02:00:48,060 --> 02:00:56,580 | advertising. Okay, you're gonna have a losing trade. I don't, I never said you're never gonna have a losing trade. But you're gonna find consistency using |
| 708 | 02:00:56,580 --> 02:01:04,050 | silver bullet because it's time based. And it's always going to form every single day it's there. The problem is you want the form on your favorite |
| 709 | 02:01:04,050 --> 02:01:12,240 | timeframe. You want it to fit your already established expectation or preconceived notions about what price should do. And you're not following the |
| 710 | 02:01:12,240 --> 02:01:22,500 | rules. So yes, you're doing shit wrong, and you're not getting the results. And that's expected, right? If I give you a recipe, and say this is the ingredients, |
| 711 | 02:01:22,530 --> 02:01:32,220 | this is the order you do it. And this is what you should expect as a result. And you substitute something, okay? You leave a key ingredient out and replace it |
| 712 | 02:01:32,220 --> 02:01:35,850 | with what you think is better suited for that, you're not going to get the same result. |
| 713 | 02:01:37,350 --> 02:01:45,000 | And don't complain that you didn't get the result that was promoted by me that you shouldn't be getting, if you're doing something outside the scope of the |
| 714 | 02:01:45,000 --> 02:01:52,440 | instructions and parameters I've given. If you come to me as an educator, as a mentor, you're trusting me enough to give me your attention initially. So why |
| 715 | 02:01:52,440 --> 02:02:01,170 | don't you fucking following the rules I've placed in front of you. You're failing, you are failing not me. You are. So you have to change that shit. And |
| 716 | 02:02:01,170 --> 02:02:10,710 | so it's always going to be you. When I mess up. I failed nobody's fault, but mine. That's accountability. You have to be accountable to yourself. And some |
| 717 | 02:02:10,710 --> 02:02:16,470 | people just don't want to be accountable. They want to have the luxury of being able to blame somebody else because they fucked up. They didn't do something |
| 718 | 02:02:16,470 --> 02:02:25,110 | right. And in this industry, guess what, Jack? You don't get that luxury. It's always you. Because I don't run a fucking signal service. If you make money. |
| 719 | 02:02:25,170 --> 02:02:34,920 | Congratulations. You did it. Right. Well done. I'm proud of you. If you lose money, eat that shit. Because you did it on your own. What do you mean, eat that |
| 720 | 02:02:34,920 --> 02:02:43,920 | shit, learn from it. It's hard medicine, it's a bitter pill to swallow, it's going to make you better. It will make you better, it's going to make you to |
| 721 | 02:02:43,920 --> 02:02:52,050 | trade and you want to you think that it's always going to be the sugar highs that makes you the best trader that you're ever going to be? Give me the stuff |
| 722 | 02:02:52,050 --> 02:03:05,700 | that works. I say fuck all the bullshit. You're going to learn from all the cuts, the abrasions, the bruises, the losses, that's what I learned from. And |
| 723 | 02:03:05,700 --> 02:03:13,650 | you're going to learn from it too. But you have to allow that to happen. You can't tiptoe around thinking, I'm going to avoid losing trades, you're not. |
| 724 | 02:03:13,920 --> 02:03:25,500 | Because the more you try to do that, it's going to land right in your lap. But every single time I blew out an account, it was on the heels of a good run. And |
| 725 | 02:03:25,500 --> 02:03:35,070 | I wanted to feel good again. Because it was wearing off too fast. The same fucking hour walking around looking ship. I mean more money than I make a whole |
| 726 | 02:03:35,070 --> 02:03:47,190 | month, the whole month of work in this bullshit job. I made more money than that in this one fucking trade, man. Like, if I just did that once a month. I don't |
| 727 | 02:03:47,190 --> 02:03:56,070 | even have a job. Yeah, it's great. It's wearing off, I'm gonna do it again. And you think that you can just go into market and find something that again, |
| 728 | 02:03:57,060 --> 02:04:07,110 | forgetting the fact that it just took you two and a half, three weeks for that price Run to continue to complete and go to its target. Your you get tore up by |
| 729 | 02:04:07,110 --> 02:04:14,070 | the chemical imbalances in your brain when you win. And you don't even know what that feels like yet, because you haven't done it yet. You haven't won, you |
| 730 | 02:04:14,070 --> 02:04:26,520 | haven't found consistency. And when that achievement is reached, you have a whole new level of learning to go through. It's something folks it's a learning |
| 731 | 02:04:26,520 --> 02:04:37,170 | process to grow accustomed to being profitable. It sounds like it's something there's no way everybody should have no problem adjusting it. No, it's weird. I |
| 732 | 02:04:37,170 --> 02:04:44,070 | don't know how to. I don't know how to articulate it. Where it would make sense. I've wrestled with this topic for a long time to be able to teach it to |
| 733 | 02:04:44,070 --> 02:04:51,510 | students. And that's if I say you'll know when you go through it, you'll know exactly what I mean. Because there's no way for me to articulate in words to |
| 734 | 02:04:51,600 --> 02:05:01,980 | make you understand that it is extremely stressful making money in the beginning. When you when you find consent distances and you find profitability. |
| 735 | 02:05:02,310 --> 02:05:11,760 | It's stressful because first of all, you want to do more of it when you do it. And you will have to wrestle with that. Do I? Am I overtrading? Am I? Am I |
| 736 | 02:05:11,760 --> 02:05:21,210 | pushing too much? Am I trying to push the edge too far? Am I overstaying my welcome, you're gonna have a whole new learning experience that you haven't ever |
| 737 | 02:05:21,210 --> 02:05:32,820 | even considered yet. Because you're not even profitable. I promise you, if you ask anybody do it. Ask anybody that's found profitability that this isn't true. |
| 738 | 02:05:33,870 --> 02:05:41,910 | It's a weird, it's a weird state of mind. Because it's like, it's too good to be true. That's why it's like a dream light state. It's like a, it's really the, |
| 739 | 02:05:42,270 --> 02:05:51,330 | one of the topics and the title of my one of my books, the chapter, that dreamlike state where I do my best. And I do No, because what I have an outline |
| 740 | 02:05:51,600 --> 02:05:59,700 | isn't going to be satisfying. But it's enough to introduce you to the idea, which is what I'm doing here. When you find consistency and profitability, it's |
| 741 | 02:05:59,700 --> 02:06:09,090 | going to feel like at anytime it's going to start working. And some of you already had that mindset that comes to me all the time, aren't you afraid that |
| 742 | 02:06:09,120 --> 02:06:18,540 | you're teaching this in the market is going to adjust to that? What fucky mean is going to adjust to it. This is the market. This is the market, this is |
| 743 | 02:06:18,540 --> 02:06:29,940 | exactly what the market does. So the market is not going to try to do something it doesn't do. This is what it does. I mean, you're you're who you are. You're |
| 744 | 02:06:29,970 --> 02:06:38,640 | who you are. And that's just the way it is. You can't be a dog, you might try to say you identify as a fucking dog, but you're a fucking human being you are a |
| 745 | 02:06:38,640 --> 02:06:46,680 | person, this is how you are, you can't be something that you aren't, the market isn't going to stop being this way. So I tell you all the time, on a quarterly, |
| 746 | 02:06:46,680 --> 02:06:57,240 | there's no way there's no fucking way that this is going to ever change. It's never going to change, never, it's never going to change. You doing it wrong. |
| 747 | 02:06:58,620 --> 02:07:07,560 | That's gonna happen. You losing money doing something incorrectly, that's going to happen. But if you know how to trade and you learn how to control yourself, a |
| 748 | 02:07:07,560 --> 02:07:16,590 | losing trade, or two or three, okay? Stop, recalibrate, let me get my bearings again, and then go back to doing what you're supposed to be doing. But you have |
| 749 | 02:07:16,590 --> 02:07:26,520 | to learn how to pause, pause when you're losing money, and pause when you made money. It's not like you want to go out there and get a hit and get high want |
| 750 | 02:07:26,520 --> 02:07:38,190 | success. The people that succeed that are long term consistently profitable, they know when to sit still. And that's a very hard thing to teach. It's hard. |
| 751 | 02:07:38,220 --> 02:07:47,880 | It's hard to teach that. So I just come up with general rules when you have a really good, nice run, stop, be content, live there for a little while, a whole |
| 752 | 02:07:47,880 --> 02:07:57,660 | week. But there's so many other choices. Yes, there is the markets always moving. But you're insisting upon doing something because the availability is |
| 753 | 02:07:57,660 --> 02:08:09,990 | there, versus building a foundation of mental capital. That's the that's the point. You can have whatever you want to have in your funded accounts or your |
| 754 | 02:08:09,990 --> 02:08:19,320 | real accounts. But you really aren't trading with that you're trading with what you're willing to lose in your head. That's real. That's the that's the |
| 755 | 02:08:19,320 --> 02:08:29,310 | threshold that you don't want to ever cross. What does that mean? So you have a 10,000 IRA account, you have $10,000 in your trading account, and you're using |
| 756 | 02:08:29,310 --> 02:08:40,350 | it to 2%, you can take that, well, if you're new 2% is too high. Way too high. But let's assume that that's what it is. In reality, you're uncomfortable to get |
| 757 | 02:08:40,350 --> 02:08:48,810 | to 1%. So you might initially put your stop loss there at what would be considered 2%. As soon as it starts approaching at 1%, threshold and drawdown |
| 758 | 02:08:48,840 --> 02:09:01,020 | while you're in the trade. That's what causes you to collapse the trade. So what's your mental capital? 1%? That's your real capital? Have you considered |
| 759 | 02:09:01,020 --> 02:09:10,710 | that when you're doing your, your trades? Most of you probably haven't. That's a secret that unlocks performance that you've never even dreamed of. Because when |
| 760 | 02:09:10,710 --> 02:09:18,210 | you excel in knowing where your threshold is, and you say, Okay, I'm content with that. That's why I've always said, Be content with enough was enough. It's |
| 761 | 02:09:18,210 --> 02:09:26,340 | going to be uniquely different for all of you. $15,000 winning trade may not be significant for some of you. For other people, that's a whole year for them. I'm |
| 762 | 02:09:26,340 --> 02:09:37,050 | done. I gotta do shit now. So it's a matter of personal preference and where you are, what your expectations what your skill set for provides for. But your |
| 763 | 02:09:37,050 --> 02:09:47,280 | mental capital, the way you build that up, is when you have the victory like this, it's it's done well, and you may have never taken a trade on this. But |
| 764 | 02:09:47,280 --> 02:09:54,300 | remember, in your journaling, you're going to be recording it like you saw it coming in you did. You're tricking your brain with pseudo experience. So you're |
| 765 | 02:09:54,300 --> 02:10:02,250 | always constantly laying down foundation psychologically, because this is where all this battle is won. It's not enough Shark, it's in your head. Because you |
| 766 | 02:10:02,250 --> 02:10:11,970 | can talk yourself out of a winning trade easily. And you can talk yourself out of a short term drawdown that will eventually pay out if you just stuck to the |
| 767 | 02:10:11,970 --> 02:10:18,480 | model and what you're trying to trade. But your mental capital needs to be increased. How do you increase your mental health because you can't deposit |
| 768 | 02:10:18,600 --> 02:10:28,260 | mental money. It's experience. That experience factor is something that goes largely untouched in terms of teaching. Mark Douglas didn't talk about it |
| 769 | 02:10:28,260 --> 02:10:41,640 | enough, you didn't really get to grasp of, you have to fortify yourself between trades when you've done something correctly. Sit still feel what it feels like |
| 770 | 02:10:41,880 --> 02:10:50,130 | to be content? Not needing to go to that next trade? How do you know you're ready to go in and trade with live funds? How do you know when you're ready to |
| 771 | 02:10:50,130 --> 02:10:59,850 | do a funded account challenge? When you're not driven by the passion to get into a niche, new trade? If you're the person or persons that always tweet to me when |
| 772 | 02:10:59,850 --> 02:11:07,350 | I'm calling something and delivers? You're the first person in the line? It says, what's next? What's going to do next? You're not ready, bro. You are |
| 773 | 02:11:07,350 --> 02:11:15,930 | fucking not ready. You're a fiend. You're literally cracked out, you're equipped to have a crack pipe in your fucking mouth, and you're literally out of rocks, |
| 774 | 02:11:16,020 --> 02:11:20,160 | and you want to get the next one. You're steaming, you're not ready, |
| 775 | 02:11:20,250 --> 02:11:29,280 | you are absolutely not ready. The people that are like, Yeah, I'm gonna take this week off. But the markets gonna go, yeah, sorry. That's someone that's got |
| 776 | 02:11:29,280 --> 02:11:36,750 | the right mindset. If they're already consistent in terms of what they can see, and forecast and price action, and they can take themselves away from the |
| 777 | 02:11:36,750 --> 02:11:48,450 | market, even when they know there's something coming. That's maturity. That is a skill set that if you can forge that before you press into real money, that |
| 778 | 02:11:48,750 --> 02:12:02,100 | factor of well, discipline, it will serve you so well. But you all think it's just the stuff in the chart that says what you need the new ICT gimmick, the |
| 779 | 02:12:02,100 --> 02:12:12,660 | new, something set up or model, whatever. And it's not, I've given you shit, I've given you so many things already. But you are that missing final piece of |
| 780 | 02:12:12,660 --> 02:12:22,650 | the puzzle. And you don't want to believe me? Because it's painful. I'm going to constantly remind you, every time I talk on Twitter space, I'm reminding you |
| 781 | 02:12:22,680 --> 02:12:35,430 | sometimes gently, but in this one, it probably hurts a little bit. It probably feels off putting don't have to don't hate the messenger, okay? I'm Dr. ICT, |
| 782 | 02:12:35,490 --> 02:12:45,390 | okay, I'm telling you, this is the medicine that you need. It doesn't taste good. But it helps you. It makes you better. And it's important for you to grow |
| 783 | 02:12:45,780 --> 02:12:53,820 | and understand how to do this correctly and not hurt yourself. That's why I teach in a demo. Because if I teach it in demo, and I go out there and I show |
| 784 | 02:12:53,820 --> 02:13:03,120 | you what I'm doing, because the misnomer is this. If I'm the number one guru on Twitter, right, Patrick, and I'm trading with a demo, don't trade with like |
| 785 | 02:13:03,120 --> 02:13:10,650 | money, I'm already loaded. I don't need to prove people, I have made money in the marketplace. I don't need to do that. I'm calling it. My students are making |
| 786 | 02:13:10,650 --> 02:13:19,950 | money. This stuff happens. That's all that needs to be known. That's the only thing I promise that you're going to learn how to read price action, I did not |
| 787 | 02:13:19,950 --> 02:13:31,200 | promise you profitability. That's something that you individually, you individually control. But if I, if I'm out here in public, and in the mood of |
| 788 | 02:13:31,200 --> 02:13:45,840 | the educator, and I have no emotional commitment that holds me back about using a demo, then you should have no problem practicing in one. If your mentor is |
| 789 | 02:13:45,900 --> 02:13:53,430 | operating and teaching through the medium of a demo, I don't listen to these jokers out there to have something to sell. Oh, wow, he does this and he does |
| 790 | 02:13:53,430 --> 02:14:02,850 | that. And they're not even doing anything close to what we do. Their whole month, I can do that one fucking day, one day, from beginning to end show the |
| 791 | 02:14:02,850 --> 02:14:14,820 | whole fucking history done. I don't need to do that. I don't have a little debt complex. Okay, I'm completely content with who I am, how I am. And my own |
| 792 | 02:14:14,820 --> 02:14:25,800 | length. I don't need to worry about anything else. So when you're looking at this, don't view what you're doing as a demo is not significant enough because |
| 793 | 02:14:25,800 --> 02:14:34,140 | it is significant. Because you're reading price the same price action is unfolding in that demo is happening for people that are trading real money. The |
| 794 | 02:14:34,140 --> 02:14:40,380 | real money people that did everything opposite to what you're doing are expecting in price action and lost their ass believe me they know for fucking |
| 795 | 02:14:40,380 --> 02:14:50,670 | certain that that shit just happened to them. I'm teaching you so that way you have no emotional connection to this. You have no connection to it emotionally |
| 796 | 02:14:50,790 --> 02:15:01,500 | so you can't be swayed in the periods where it will do it damage. You can't get all you know egotistical. because you're not, you're not making any money, |
| 797 | 02:15:01,500 --> 02:15:10,020 | you're not getting taxed. You can't go out and spend those demo dollars. But you're getting that experience. And you're allowing yourself to learn what I'm |
| 798 | 02:15:10,020 --> 02:15:21,300 | teaching you, when you get it right, pause, feel what it feels like to get it right. Give your journal time between entries, where you executed and your next |
| 799 | 02:15:21,300 --> 02:15:29,670 | trade. I'm not convincing you or trying to talk to you into taking trade after trade after trade after trade. To fill your journal, that's not what this is all |
| 800 | 02:15:29,670 --> 02:15:44,220 | about. It's quality, over quantity. And just because I'm teaching you the skill set through the medium of day trading, it's not every day trading. There's |
| 801 | 02:15:45,090 --> 02:15:56,310 | recklessness out there. And people gravitate to wild cowboy type shit. And I've done that stuff. And I fell victim to it. When I was coming up, I saw people |
| 802 | 02:15:56,310 --> 02:16:05,610 | doing some crazy stuff on America Online, I was like, I want to do that too. And I got hurt. And I tried to force myself to learn what it is they're doing. And I |
| 803 | 02:16:05,610 --> 02:16:15,720 | couldn't do it. So I just stopped. If I'm not able to bridge the gap for you, I'm not the best mentor, okay, I've said this many times before, I'm not the |
| 804 | 02:16:15,720 --> 02:16:25,320 | best mentor, I'm sure in years to come, someone's going to properly learn what I'm teaching, and they're going to do a better job of coaching other people, |
| 805 | 02:16:25,920 --> 02:16:40,200 | okay? until I'm done, that can't happen. But November we're done. I may not be able to fulfill that need, that one of you are individually some of you that are |
| 806 | 02:16:40,200 --> 02:16:50,760 | listening, I might not be the person that can deliver it. It might be one of my children later in life, if they decided to go that route. I don't know. I'm |
| 807 | 02:16:50,760 --> 02:17:04,620 | doing the best I can I have limitations as a person I have. Things I wrestle with. And I'm a real person. So I'm practical, I know that I'm not going to |
| 808 | 02:17:04,800 --> 02:17:13,140 | reach all of you. And it hurts me. Because I try very hard, very, very hard to try to do whatever I can to allow you to understand what it is that you need to |
| 809 | 02:17:13,140 --> 02:17:22,500 | know and to eliminate the things you're worrying about. And it frustrates me, when I see people not listening to the sound advice that I wish I would have. I |
| 810 | 02:17:22,500 --> 02:17:34,290 | would have paid whatever I had to learn how I'm teaching you. Like I'm trying to be because I know what it was like I lived it. I mean, I know 20 year old |
| 811 | 02:17:34,290 --> 02:17:43,650 | Michael, I mean, I'm that guy. And if I would have had this, it would have done so much for me, it would have encouraged me when I needed it, it would have kept |
| 812 | 02:17:43,650 --> 02:17:51,810 | me aligned properly. And it would allow me to control myself when I didn't have any control. When I would when I'd want to go back home right away. When I lost, |
| 813 | 02:17:51,810 --> 02:18:01,020 | I want to be right back in like, I was not fearful. Once I've learned certain methods of getting in, I was looking for it all the time, not understanding that |
| 814 | 02:18:01,020 --> 02:18:10,380 | the market is going to have an ebb and flow. There's a time delivery to all this shit. And unless you understand that, just the liquidity alone is not enough. |
| 815 | 02:18:11,310 --> 02:18:22,890 | It's essential, but it's not enough. You have to know how how they use time. And that takes time to teach. Which is why I tell everyone the minimum is a year. |
| 816 | 02:18:23,370 --> 02:18:33,180 | And that's just really scratching the surface. Your best learning is going to be in your year two through four. But you can be profitable all through that. So |
| 817 | 02:18:33,180 --> 02:18:40,740 | don't let that be a deterrent. Don't let it be like oh, you're saying I can't make money? No, you can fucking make money just watching the YouTube playlist |
| 818 | 02:18:40,740 --> 02:18:49,530 | from 2022. If you have a general foundation of understanding what price action usually does, if you're familiar with trading, and you go into that model, you |
| 819 | 02:18:49,530 --> 02:18:57,840 | can go right out the gate boom and start finding profitability. I'm convinced of that. But the problem is, is I have a lot of people that come to me that are |
| 820 | 02:18:57,990 --> 02:19:09,540 | greenhorns. They're brand new, they're just right out of the womb. Here it makes me a trader. I don't have a walk yet, but make me a trader. So it's almost an |
| 821 | 02:19:09,570 --> 02:19:20,130 | impossibility for some of you to learn from me because I'm not the I'm not the beginning step. And that's like I've wrestled over the weekend with Do I even |
| 822 | 02:19:20,130 --> 02:19:29,310 | want to waste time with creating like a baby step, ICT version like okay, the basics of the basics. I just don't have the patience for that shit. Like I don't |
| 823 | 02:19:29,340 --> 02:19:36,360 | I don't have the patience for it. And throughout the years, I've thought about dealing I thought about doing it. I just don't have it in me to do it. Like I |
| 824 | 02:19:36,360 --> 02:19:47,790 | don't have it in me to do that. So I'm not the beginning step. Like it's actually better for you to try to get out there and mess up, learn from doing |
| 825 | 02:19:47,790 --> 02:19:56,970 | something stupid, some other kind of approach. And then that way you have some experience to measure it against. So that way you can see oh yeah, I would have |
| 826 | 02:19:56,970 --> 02:20:02,400 | placed my stop loss there or I would have saw the market going lower or higher. There are like I was admitting to you when I was 20, some years old and I |
| 827 | 02:20:02,400 --> 02:20:11,610 | thought the Swiss franc was gonna go up because I thought the weekly chart had a bullish bull flag, when all it was doing was setting up a model that I teach now |
| 828 | 02:20:11,610 --> 02:20:22,170 | today is a mega trade. And I couldn't, I couldn't see it. My infancy as, as a trader, you hid it from me, I didn't have the understanding. I didn't, I didn't |
| 829 | 02:20:22,170 --> 02:20:31,470 | have the experience. But I saw a pattern. And because I was looking for Long's only, you're gonna look what you're, you're gonna find what you're looking for. |
| 830 | 02:20:31,470 --> 02:20:39,570 | If you look hard enough, if you torture the data and the numbers enough, they'll they'll submit, in the middle of anything you want to do. And that's the problem |
| 831 | 02:20:39,570 --> 02:20:50,250 | with this. That's why indicators look wonderful, because given enough time, and sample set, and any indicator can be made to show profitability. But when you |
| 832 | 02:20:50,250 --> 02:21:01,440 | walk forward with it doesn't really work. So I'm teaching you elements of time. Price delivery, algorithmic price delivery, macros, things that generalize, |
| 833 | 02:21:02,070 --> 02:21:10,320 | delivery and price. When should they form? How do they form? What does it look like? Why should it take place? Who's getting hurt from from that unfolding in |
| 834 | 02:21:10,320 --> 02:21:18,780 | price? And who stands to gain? That's that these are questions that you need to ask yourself. If I was asked to present eight. That's a good wheelie, man, this |
| 835 | 02:21:18,810 --> 02:21:19,830 | guy's took all that away. |
| 836 | 02:21:22,320 --> 02:21:34,560 | The that really wasn't good wheeling that you have to ask yourself questions like a checklist. Okay. Those are the type of questions if you miss it, just |
| 837 | 02:21:34,560 --> 02:21:46,680 | rewind it when it gets on YouTube from somebody else that puts it up. Or listen to the recording here. The the idea who who stands the game, like you have to |
| 838 | 02:21:46,860 --> 02:22:02,580 | personify the market with this person, okay. It's not one person. It's a collective entity. The I dub is smart money. They don't make courses. You don't |
| 839 | 02:22:02,580 --> 02:22:14,010 | know them, you don't know none of their names their way of a George Soros, okay. And they're employed by folks that you aren't going to meet. And they're in |
| 840 | 02:22:14,010 --> 02:22:24,030 | there. Taking the other side. That's, that's a segment of the market that no one's talked about. They hinted at something like if they are somebody, I could |
| 841 | 02:22:24,030 --> 02:22:39,360 | do this all the time, this puppeteer composite man that exists, but not in the scope that is promoted. If you can personify the market like that, where this |
| 842 | 02:22:41,130 --> 02:22:51,870 | unforeseen entity that you never have an opportunity to meet them. If they're cannibalizing market participants, what you're looking at in price right now, |
| 843 | 02:22:52,110 --> 02:23:00,900 | where would they be long? And it's easy to study it real time, because you can see where has it, where's the price action move that's unfolding right now? |
| 844 | 02:23:00,900 --> 02:23:07,890 | Where did it originate recently? Did it take stops when it started there, because if it didn't, it's probably unfinished and probably needs to go lower. |
| 845 | 02:23:09,990 --> 02:23:19,890 | If it has taken stops, then look for inefficiencies or buy stops above the marketplace. Because that's where it's gonna go. Anytime frame. That's what I |
| 846 | 02:23:19,890 --> 02:23:28,560 | look at when I'm looking at price. I'm not looking at Fibonacci ratios and fucking patterns. And I'm not looking at that's, that's the distraction. That's |
| 847 | 02:23:28,560 --> 02:23:38,850 | the misdirection. You're looking at the left hand when the right hand is doing the work. They'll paint these these charts, whether it be candlesticks, or |
| 848 | 02:23:38,880 --> 02:23:47,340 | Heiken, Ashi, wherever, fuck, you're looking at Renko Bars, pointing figure, point in the chart and try to figure out what the fucking means. All that stuff |
| 849 | 02:23:47,610 --> 02:23:58,770 | is distractions. They're all distractions. And if you can find a way to simply saying, Alright, sure, it sounds Tom Clancy sorts. It's conspiracy theory. |
| 850 | 02:23:58,770 --> 02:24:10,860 | Listen, some of the shit I'm saying. But it works. It works. Because this is the market. And if you look at the performance of other students that are doing |
| 851 | 02:24:10,860 --> 02:24:23,160 | really, really well. Well, what are they doing? They're going in with a model that they have simplified, using the concepts I've taught. You only need a |
| 852 | 02:24:23,160 --> 02:24:31,050 | reason to be bullish or bearish. I mean, it was a stripped down to the Chromebooks. Okay. You're going into the marketplace. Alright. What I want to be |
| 853 | 02:24:31,080 --> 02:24:41,550 | focusing on this week, I want to be a bull or I want to be there. So what constitutes some reason for you to feel confident about that? Go to the weekly |
| 854 | 02:24:41,550 --> 02:24:51,930 | chart. Is there a reason for it to expand higher what what would it need to go up to to go higher on the weekly chart? If it's going to make a case to be going |
| 855 | 02:24:51,930 --> 02:25:01,800 | higher on the weekly chart? It stands to reason that you're probably going to get one good bullish day using daily timeframe and it You do it. Around the time |
| 856 | 02:25:01,800 --> 02:25:11,250 | when there's a medium or high impact news driver that just happened to come out that day, during that session, chances are, you probably narrowed down your |
| 857 | 02:25:11,250 --> 02:25:23,160 | focus to eight opportunity in the marketplace. That's not an everyday occasion. And you need to warm up the idea that I don't need to be in here every day, I |
| 858 | 02:25:23,160 --> 02:25:32,190 | can me inner circle trader ICT, I am the fucking man with this information. This is my shit. But I don't need to be here every single day. And if I'm the creator |
| 859 | 02:25:32,190 --> 02:25:39,990 | of this stuff, and I'm not here every day doing it, what makes you feel like you have to live up to the expectation you've, you've presented this as a challenge |
| 860 | 02:25:39,990 --> 02:25:52,230 | to yourself, when nobody offered it as a challenge. You did that you're placing a olympic size challenges in front of you with next to no experience. And you're |
| 861 | 02:25:52,230 --> 02:26:02,820 | starting off on the wrong foot by doing that. Less is more being content with enough. If you're only making $1,000 a week. That's all you can amount to in the |
| 862 | 02:26:02,820 --> 02:26:13,680 | first year or two. Is that fucking failure? Do you? I don't see that. I don't see it as failure. If you start measuring yourself up to everybody else, whoa, |
| 863 | 02:26:13,680 --> 02:26:22,560 | this guy, he said he made 5000 hours on this guy. Look, he's got a certificate that says he you got five accounts past oh, this person got a pay offer for |
| 864 | 02:26:22,710 --> 02:26:34,260 | 20,000 hours, this person's got 3000 hours paid out every single day this week. What are you doing? You're minding someone else's business. And if you're mining |
| 865 | 02:26:34,260 --> 02:26:42,960 | someone else's business, who is minding yours, no wonder you're getting the results you're looking for no one you're stressing. Because you're not minding |
| 866 | 02:26:42,960 --> 02:26:51,990 | your own fucking business. This is your business. This is your workshop, this is your storefront. This is your incorporation you incorporated. If you aren't |
| 867 | 02:26:52,020 --> 02:27:00,600 | worrying about you, and what it is that you're doing or not doing and when to do it. Nobody else is gonna do it for you. I'm educating you, and I can't do it for |
| 868 | 02:27:00,600 --> 02:27:13,110 | you. I can't push you into a trade, I can't put you out of a tree. You're doing all that. But you got to get real comfortable in your skin. Without me. Because |
| 869 | 02:27:13,110 --> 02:27:21,870 | warming up to the idea of okay, I see T cells need to draw, instead of just listening to where I think it's gonna go go into the charts and explain to |
| 870 | 02:27:21,870 --> 02:27:30,390 | yourself and your journal, why I said those things because I'm giving you all those details. They're, they're on YouTube, they're in my Twitter spaces, |
| 871 | 02:27:30,390 --> 02:27:39,840 | they're in my tweets. I didn't hide it from you. And you have to condition yourself to see those things in old moves. Because it's not it didn't just work |
| 872 | 02:27:39,840 --> 02:27:50,580 | on that one instance, my concepts didn't just start working, you know, because this, this just unfolded just recently, we've been doing this for years. years |
| 873 | 02:27:50,580 --> 02:28:02,280 | and years and years, people watch me do this every single day, behind a paywall every single day, I'm expected to call it no signal services are not it still |
| 874 | 02:28:02,310 --> 02:28:12,780 | requires understanding and skill. And you're being exposed to it. And you didn't take advantage of it while I'm here. Because November, you're left with what the |
| 875 | 02:28:12,810 --> 02:28:23,970 | what ever I've taught. That's it. And if you haven't done the work of testing yourself and conditioning yourself throughout this year, looking for what it is |
| 876 | 02:28:23,970 --> 02:28:31,560 | I'm teaching at that time and go back and look at old moves, and see if those same things don't occur and exist. And if it does, that's that's the epiphany. |
| 877 | 02:28:31,560 --> 02:28:39,780 | That's the aha moment like, oh, wow, it really is there. These gaps really do exist. And I can go in and trade them every single time when it presents the |
| 878 | 02:28:39,780 --> 02:28:51,510 | opportunity to do so. And I can do as little as five handles and do well. Here. So why are you putting all this expectation yourself these mountains of of goals |
| 879 | 02:28:52,380 --> 02:29:04,140 | that nobody realistically could be meeting in the beginning stages of this because you don't even know who you are as a trader you all have the capability |
| 880 | 02:29:04,380 --> 02:29:13,980 | to exceed way beyond your expectations way, whatever you think is profitable. And this is where you succeed. Like what what defines that? Can I ask you that |
| 881 | 02:29:13,980 --> 02:29:26,010 | and reply to this post that this Twitter space has been launched from? You can reply to it. What is what is success to you when you get this amount of money? |
| 882 | 02:29:27,900 --> 02:29:36,150 | What would you call that as success? Like you have met your goal right now when you first started training? What was that? It may have changed but what was it |
| 883 | 02:29:36,150 --> 02:29:42,870 | from the beginning? For those that are brand new? What is that goal? Some of you it's 100,000 or some of you it's a million dollars. I can tell you a million |
| 884 | 02:29:42,870 --> 02:29:55,500 | dollars is not a lot of money. Like it's not a lot of money. I spent literally $3.7 million in the last 11 months. It goes quick. It goes real quick. What used |
| 885 | 02:29:55,500 --> 02:30:06,150 | to be a million dollars is nothing. A million dollars is like the new 50,000 years ago, it was a lot of money, but it's nothing now. But whatever that is, |
| 886 | 02:30:06,180 --> 02:30:14,280 | don't and don't let me discourage you if it was a million dollars, say, that's what your goal was that say, Okay, if I made a million dollars that success, if |
| 887 | 02:30:14,280 --> 02:30:21,180 | it's $100,000, don't let me say whatever I said diminished, like, oh, well, I'm embarrassed to say that because this is a lot of money to me, but it wouldn't be |
| 888 | 02:30:21,180 --> 02:30:29,280 | a lot of money that I just want, I want to know, just for the sake of knowing the listeners expectations of what they view as success, like, what's the mile |
| 889 | 02:30:29,280 --> 02:30:40,530 | marker for you that says, I've made money? Because I can tell you, there's people all around the world are gonna have a way, you know, separation between |
| 890 | 02:30:40,710 --> 02:30:51,210 | what some may view as success and others not. And invariably, there's gonna be people that are gonna say $100 million. Some crazy number. That's, that's, |
| 891 | 02:30:51,270 --> 02:30:58,560 | that's a pipe dream. I'm not saying you can't make it. But we're talking about when people come into trading, they're not expecting to make $100 million. I'm |
| 892 | 02:30:58,560 --> 02:31:05,670 | saying when you first got into this, what was your goal? What was the threshold that you said, if I could do this, that's, that's success. If every moments |
| 893 | 02:31:05,700 --> 02:31:17,280 | honest, you'd be able to see. There's a lot of humble thresholds that if you understand what I'm teaching you, you can really get those levels. But what |
| 894 | 02:31:17,280 --> 02:31:23,280 | happens when you get there? You're not gonna be satisfied, were you gonna stop trading? Because you got that? Oh, I'm |
| 895 | 02:31:23,280 --> 02:31:34,770 | done. I made my million dollars. And you know, you're gonna want to do more, especially if you're young. I'm old. Okay. I'm not an old man. But I've been |
| 896 | 02:31:34,770 --> 02:31:44,790 | doing this my entire adult life. Like, I'm, I'm counting down, like, how many more years do I have? I don't know. Because Tomorrow is not promised a new man. |
| 897 | 02:31:45,900 --> 02:31:54,900 | But I had that I've not been a good steward with my time with my family. So that's why I'm doing what I'm doing. I'm going to unplug. Like, I'm not |
| 898 | 02:31:54,900 --> 02:32:07,170 | interested. Like, if I've done enough, I'm content with what I've done. I'm satisfied. I don't need to feel like I gotta do something else in trading. To |
| 899 | 02:32:07,170 --> 02:32:16,980 | feel like I've done something. I've done that. And I need to feel good about being the husband, I should be the father that I should have been and haven't |
| 900 | 02:32:16,980 --> 02:32:30,060 | been. Because I've allowed these markets to be a vampire and suck my life force, my attention, my time, my efforts and energy and not allow me to be what I'm |
| 901 | 02:32:30,120 --> 02:32:43,800 | more toward escapes me, I should have been doing that. More so than than just this. Can I offer a better life for my family? Because I've done all Yeah. But |
| 902 | 02:32:43,800 --> 02:32:58,710 | it came at a cost. And I don't want any of you to repeat this. Like you can, you can allow these markets to be a wonderful appendage to what it is that you do in |
| 903 | 02:32:58,710 --> 02:33:23,040 | your life. That's balance. I didn't balance it correctly. I learned balancing time later, mid 40s. I had no concern of the outcome of how my family would look |
| 904 | 02:33:23,040 --> 02:33:30,300 | because I was thinking oh, they're gonna be happy, because I'm making a lot of money, I'm presenting a lifestyle for them. And if they need something that's |
| 905 | 02:33:30,300 --> 02:33:39,900 | got it, you know, that was my rationale for doing it. But that's not good. Because I wasn't there for the dad moments I should have been. And if you're a |
| 906 | 02:33:39,900 --> 02:33:47,190 | young person without children, and you plan on having children who are not necessarily don't have to be a young person with you that haven't had children |
| 907 | 02:33:47,190 --> 02:34:01,470 | yet, you're about to do so and you're embarking on this journey. Do follow what I put out in that 1440 series is you will hear from my heart. And the series I |
| 908 | 02:34:01,470 --> 02:34:14,670 | did if I go back and tell my younger self, what I know now, I literally expose my heart to all of you. And I can be honest and tell you I was afraid to put it |
| 909 | 02:34:14,670 --> 02:34:26,940 | on YouTube. Because it's it's raw. And I speak right from my heart and I'm telling you things that probably most men probably wouldn't admit to. Because we |
| 910 | 02:34:26,940 --> 02:34:35,220 | want to walk around like we have toilet caulk and any woman can get with us because we want them and that's the way it is. And we're Mr. Everything a Chad. |
| 911 | 02:34:35,520 --> 02:34:46,710 | And in reality, you know, when you have children your life isn't yours. And I did not do the right things. I did not do the right things. I I spent too much |
| 912 | 02:34:46,710 --> 02:35:03,480 | time pursuing this and not being the dad. And it's it's it's unfortunate, but I have time hopefully See that I can now pursue things and make memories with |
| 913 | 02:35:03,480 --> 02:35:15,840 | them. So you can have a whole lot of money. You could be, you know, a person of influence in, in this industry, and be a fucking failure as a family person. And |
| 914 | 02:35:15,840 --> 02:35:29,910 | I was a failure. I was not doing the things I should have been doing, I spent way too much time doing all this stuff. But it's, it's my passion. And I it's |
| 915 | 02:35:29,910 --> 02:35:41,760 | the word. They're just not reaching far enough for me to feel satisfied. And explaining, all I know is you can think that you're successful because you make |
| 916 | 02:35:41,790 --> 02:35:58,650 | a lot of money. And you can have a lot of nice things and afford things and not worry about the cost of living, and still not be happy. Not satisfied, and |
| 917 | 02:35:58,680 --> 02:36:09,210 | regretful, if you do things that I did wrong, you'll have that same discomfort that I feel like I know some of you sit around thinking, I see you must be |
| 918 | 02:36:09,210 --> 02:36:18,240 | really happy right now he's kicking back, I have a lot of regret. I wish I would have done things that were simple that didn't cost anything, just my time and |
| 919 | 02:36:18,240 --> 02:36:28,260 | attention towards my kids and my wife. If I would have done those things more, I wouldn't feel the guilt that I feel. I've lost the money. But that doesn't |
| 920 | 02:36:28,260 --> 02:36:37,800 | compensate for them. Knowing that we have that money doesn't compensate for it. You're here my kids tell me this this weekend. So this is awesome dad to be able |
| 921 | 02:36:37,800 --> 02:36:46,350 | to spend time with you like this as we never had it before. And I broke down breaking the restaurant. I'm appreciative that they recognize it. But it's just |
| 922 | 02:36:46,350 --> 02:36:57,060 | like, I don't want to tell them don't say that. Because then they should tell me. They're entitled to them. They need to tell me that stuff. And I need to |
| 923 | 02:36:57,060 --> 02:37:06,930 | hear it. But you don't want to be like I am right now hearing it. Where you could just plan your life better. success can be had and you don't need to be a |
| 924 | 02:37:06,930 --> 02:37:15,900 | monster in it. Like I was trying to be devoured my entire life. And for the folks that are constantly always reaching out to me trying to tell me please |
| 925 | 02:37:15,900 --> 02:37:25,590 | don't you stop doing what you're doing November, you need to really understand why I need to stop. Like, if you respect me, you will respect the fact that why |
| 926 | 02:37:25,590 --> 02:37:34,830 | I'm doing it. Because the money I can make lots of money, I can make mentorships I can make books, I can make courses, I can blow that fucking YouTube channel up |
| 927 | 02:37:34,890 --> 02:37:45,180 | and advertise every fucking year and be the biggest name in this industry. I don't want it. I don't want it. It didn't do anything. For me as a family man. |
| 928 | 02:37:45,660 --> 02:37:55,110 | At the end of the day, I had to look my children in the face, I have to look at my wife. And yes, they might smile and say, I love you dad. But behind that they |
| 929 | 02:37:55,110 --> 02:38:06,660 | have so many open voids of time where I was not there. And I was in the house with them. Do you want to hear that from your children? Do you want to look at |
| 930 | 02:38:06,660 --> 02:38:17,430 | your wife when she says I love you. And you know, she's reaching to just say you are the man I love. You're the person I married. You're the father of our |
| 931 | 02:38:17,430 --> 02:38:23,850 | children. And I'm appreciating the time with you right now. But I have to appreciate it so much more. Because I don't know if you're gonna go right back |
| 932 | 02:38:23,850 --> 02:38:32,640 | into doing what you've been doing for all these years in your entire adult life. You don't want to feel that trust thing when I tell you, you don't want to feel |
| 933 | 02:38:32,640 --> 02:38:44,910 | that fast cars, big bank accounts doesn't compensate for it. And a lot of people that write books, they won't ever tell you that shit because they didn't get |
| 934 | 02:38:44,910 --> 02:38:54,480 | rich. They're making money off of book sales. They're selling books because they have to sell that book. I'm walking away from it. At the biggest point of my |
| 935 | 02:38:54,480 --> 02:39:06,810 | career as a mentor, as a teacher, whatever, all the hype and stuff that's around me right now. I'm uncomfortable by it. Like I'm genuinely uncomfortable. I had a |
| 936 | 02:39:06,810 --> 02:39:20,130 | lot of people asking me to talk publicly. I'm not going to drop names. But I'm just I'm shy. I don't want to be like that. I can talk like this and pour my |
| 937 | 02:39:20,130 --> 02:39:28,440 | heart out to you because you're not sitting next to me. If you were being training one on one, one on one, I wouldn't talk about the things I talked |
| 938 | 02:39:28,440 --> 02:39:37,410 | about. I would talk about the markets and how they would be difficulty. But I'm not going to tell you where I messed up as a husband, as a dad, as the real |
| 939 | 02:39:37,410 --> 02:39:39,630 | human being. I failed miserably. |
| 940 | 02:39:45,060 --> 02:39:55,080 | I would want to know that from a mentor. I want to know where they made major mistakes. And every book and author and every educator out there. They've never |
| 941 | 02:39:55,080 --> 02:40:02,370 | really scratched that surface. They talk about things outwardly. This person that we're here as a case Studying, but strangely, they don't ever have any |
| 942 | 02:40:02,370 --> 02:40:14,250 | problems in their own fucking life. Like, they don't have any errors that they made. And I have, and I wish I wouldn't have done it. And since I went through |
| 943 | 02:40:14,250 --> 02:40:23,970 | pain, the Bible says, you know, we go through these trials and tribulations and things that hurt us. So that way we can give a testimony. I didn't lose sight |
| 944 | 02:40:23,970 --> 02:40:37,140 | and hope of, you know, who was in control of me when I didn't have control of myself. And ultimately, he he steered me where I am today. Even though I thought |
| 945 | 02:40:37,140 --> 02:40:46,320 | I was dialed in, I was lost. I had no idea where I was going, I had no idea I was gonna end up where I'm at right now. I didn't set out to be inner circle |
| 946 | 02:40:46,320 --> 02:40:56,970 | trader, you Mr. Smart Money, concepts, and all this bullshit that people build up around my name. Like, I literally did a search on YouTube, do it just to |
| 947 | 02:40:56,970 --> 02:41:09,450 | inner circle trader ICT on YouTube. And it's weird to see all these people with my logo. And like putting all that stuff like it's, it's not like what I thought |
| 948 | 02:41:09,450 --> 02:41:16,500 | it was going to be like, when I was 20 years old, I could be really good at this. And I can be popular. I wanted to be Larry Williams to point out, but |
| 949 | 02:41:16,500 --> 02:41:27,600 | better. And I'm gonna be all over the place. I'm gonna teach and do circuit teachings and go to Australia and go to UK and all that shit. And I'm not I'm |
| 950 | 02:41:27,600 --> 02:41:42,810 | not into that. Like, I don't want to do it. Like just a little bit of notoriety, which it's, I'm still small. I just can't imagine being some behemoth with all |
| 951 | 02:41:42,810 --> 02:41:52,470 | this attention on me. But I wouldn't do well with it. It makes me uncomfortable. It makes me feel makes you feel anxious. Not that I'm afraid of anything. I just |
| 952 | 02:41:52,500 --> 02:42:04,110 | I'm uncomfortable. Like uncomfortable when when people walk up and we had a guy we were out in the 2021 day and we were up on Belair Road, we're going down |
| 953 | 02:42:04,140 --> 02:42:14,430 | towards the beltway. And this guy gets out of his car and he starts taking pictures of us. Like what the fuck again, man. And he's like, beautiful car. |
| 954 | 02:42:14,430 --> 02:42:21,810 | Beautiful car. Can I get another picture on the other side? I'm like, What the fuck? Am I gonna do you stop you. It's just like, it's weird. Now I'm certain |
| 955 | 02:42:21,810 --> 02:42:29,760 | that that person has no idea that inner circle trader, but I was weirded out by the whole experience. The guy that knew some of you young guys were like, I |
| 956 | 02:42:29,760 --> 02:42:37,830 | would love that. And we fucking amazing. I don't like that. Like it. I love the car for me. I don't give a fuck about my house likes it or doesn't like it. I |
| 957 | 02:42:37,830 --> 02:42:49,800 | like it, I bought it because I want it. And I don't use my image as ICT publicly, like, I don't do that. Like I don't have inner circle trader tags, |
| 958 | 02:42:49,830 --> 02:42:57,720 | like on my car. Like you'd probably expect ICT one ICT to you know, for every car I have. I don't have that I don't want to draw any kind of attention to |
| 959 | 02:42:57,720 --> 02:43:10,110 | myself for that shit. And I'm really looking forward to post November, just being back to this. boring me. Like I missed that about me. Like I want to have |
| 960 | 02:43:11,130 --> 02:43:22,530 | just my own personal space, my own time. And in fact, it just being content like that. I said, the other day on Twitter, I said, when I wake up in the morning, |
| 961 | 02:43:22,590 --> 02:43:34,980 | all of you, my personal students, and all of you are my first thought. Now I have five kids, and I'm married. Is that normal? No. There's something wrong |
| 962 | 02:43:34,980 --> 02:43:46,020 | there. It's imbalanced. I have to balance that. And as long as I keep making myself available like this, it will remain unbalanced. This will always take |
| 963 | 02:43:46,020 --> 02:44:02,370 | more of my time. Well, I mean, we're gonna three hours. And it's not monetized. I live this and I want you to succeed. But I also have a family. And they want |
| 964 | 02:44:02,370 --> 02:44:15,150 | me in their life and they want me making memories with them. And I have to make myself available for that. And that's the reason why in November I'm stopping. I |
| 965 | 02:44:15,150 --> 02:44:25,710 | want my holiday season to be joyful, away from markets away from Twitter, away from YouTube, all that stuff. And it's not because I don't love doing this. I |
| 966 | 02:44:25,710 --> 02:44:39,630 | absolutely love it. I love it. But I have to take myself away from it. Because I can't control myself to not keep doing it. It's just It's who I am. And I need |
| 967 | 02:44:39,630 --> 02:44:49,830 | to change that. I don't want to stay in our circle trader I don't want to be ICT the rest of my life. I mean, obviously I am but I don't want to be living my |
| 968 | 02:44:49,830 --> 02:45:04,500 | life as inner circle trader. I just want to be me and I hope you can appreciate that. It means I've seen fun like, oh, man, this sucks. But all my videos are |
| 969 | 02:45:04,500 --> 02:45:14,880 | staying up. I mean, once in a while, a couple times a month, I'm not promising it, to talk about a market share an opinion about something. But I'm not |
| 970 | 02:45:14,880 --> 02:45:27,900 | promising that. And I want you to understand it that, that's where I want to go. And if I do do that, that still in itself will reduce. I don't need YouTube, I |
| 971 | 02:45:27,900 --> 02:45:39,390 | don't need ad revenue, I don't need mentorship, and I don't need book sales. But I do want to make my final point about all this and be done with it. And |
| 972 | 02:45:39,390 --> 02:45:46,380 | whatever you guys do collectively, as a community, as the industry, whatever you do with the information that helps you improve, you know, God bless you in like, |
| 973 | 02:45:46,380 --> 02:45:59,520 | that's the whole reason why I did it. That's why I did it. If it was anything other than that, I'd still be pushing and trying to build up all the things |
| 974 | 02:45:59,520 --> 02:46:10,500 | right now, to make it bigger, I don't want it to be bigger, I'm uncomfortable. So you might be surprised if you find success, and you find notoriety, you know, |
| 975 | 02:46:10,860 --> 02:46:20,850 | it might be the same for you, or other people that thrive in that. You want to be a celebrity and you become one and you excel in it, I just don't feel |
| 976 | 02:46:20,850 --> 02:46:33,960 | comfortable with it. Like I just, I'm just a regular person, it was a blessing. And I asked that a prayer that if he would let me understand it, put it in front |
| 977 | 02:46:33,960 --> 02:46:45,390 | of me where I can understand it, I would spend the rest of my life teaching it. And once I've said everything, I will say publicly, there's nothing less, |
| 978 | 02:46:45,540 --> 02:46:58,530 | there's nothing left for me to teach. Like I've empty myself out. And anything that's kept is not for you. And I don't feel obligated. That wasn't part of the |
| 979 | 02:46:58,530 --> 02:47:11,460 | arrangement. Because I taught how to trade I taught how to read the markets, the way I see it, and understand how it's delivered. I'll be content. That's my goal |
| 980 | 02:47:11,460 --> 02:47:22,740 | was that I have an itinerary, like I said, what I want to talk about when I want to talk about how I want to talk about it. And more we're done, we're done. And |
| 981 | 02:47:22,740 --> 02:47:34,740 | being upset about it. It's it's a waste of energy and time, pour yourself into the content, study it, make it yours. And then don't forget me, shoot me an |
| 982 | 02:47:34,740 --> 02:47:43,020 | email at inner circle trader@gmail.com. And I will love to see your testimony, I would love to see what you're doing. I get so many of them every single week. |
| 983 | 02:47:43,410 --> 02:47:50,760 | There's so many people around the world that reach out to me and say, This is what I'm able to do. This is what I'm doing with it, you know, paying for |
| 984 | 02:47:51,810 --> 02:48:01,680 | communities in impoverished nations to be fed, you know, putting wells in places where they don't have drinking water. That's the stuff I'm talking about. Not I |
| 985 | 02:48:01,680 --> 02:48:10,290 | bought this Lamborghini, I bought this McLaren. You know, I bought this house here. I live in in a new place of the world because of you. Thank you. Yeah, |
| 986 | 02:48:10,290 --> 02:48:20,700 | it's great. God bless you for that. But I want to know what you do with it to help other people. That's what I want. I want to see you doing that. contributed |
| 987 | 02:48:20,700 --> 02:48:30,810 | and people that don't have it. Not repackage my stuff and make mentorships Okay, that's the other thing. I don't I don't want that guy, email me say Hey, can I |
| 988 | 02:48:30,810 --> 02:48:39,150 | have your permission to take your mentorship and turn it into a book? I promise I'm gonna do word for birds that we've had it right. That's plagiarism. Okay, |
| 989 | 02:48:39,240 --> 02:48:52,890 | several people already did that on Amazon and already reached out to Amazon. But, you know, anyway, make sure I've covered everything I want to talk about. |
| 990 | 02:48:57,240 --> 02:49:04,800 | So, you want to strip everything down and up top and make a simple model out of it. You need something to justify why you're bullish or bearish. You derive that |
| 991 | 02:49:04,800 --> 02:49:13,740 | from the weekly chart. And then you look on the daily chart for liquidity or inefficiencies, where's it gone to reach for within that weekly chart expansion |
| 992 | 02:49:13,740 --> 02:49:21,510 | either higher or lower? If you can find something that can agree on what your expectations are on the weekly chart, what does that mean? If you're bullish, it |
| 993 | 02:49:21,510 --> 02:49:30,210 | means you think that the weekly chart the candlestick that's forming for this week to come or the present week that hasn't completed yet. It's going to reach |
| 994 | 02:49:30,240 --> 02:49:37,530 | up to some kind of inefficiency, like a fair value gap above the marketplace on the weekly chart now. Or it's going to go above a weekly high whereby stocks |
| 995 | 02:49:37,530 --> 02:49:47,580 | will be which one is more likely to occur to go up for either one of those scenarios or to go down for either one of those scenarios. But in the reverse in |
| 996 | 02:49:47,580 --> 02:49:56,670 | other words, looking for an old low if you're bearish or an off eBay get below market price on the on the candlestick that's on the weekly chart. It sounds |
| 997 | 02:49:56,670 --> 02:50:04,230 | like an oversimplification because you're you You're ignorant to what it is you're looking for, because you're too new. But for people that have been |
| 998 | 02:50:04,260 --> 02:50:11,340 | studying price action, it's easy to discern, which is more likely is it likely to go up for either one of those two reasons or go down for either one or two |
| 999 | 02:50:11,340 --> 02:50:20,730 | reasons. And whichever one is more likely to go with, that's your bias going in from a macro perspective, that is not your daily bias, your daily bias has to be |
| 1000 | 02:50:20,760 --> 02:50:30,540 | derived from your daily chart. So for instance, if we had a really big move lower, right on Monday, and we're expecting it to expand up the upside, then |
| 1001 | 02:50:30,540 --> 02:50:39,180 | we're expecting what on Tuesday or Wednesday, we want to see something to reverse and go higher, but not change our bias because of it. Everybody looking |
| 1002 | 02:50:39,180 --> 02:50:47,550 | at one to one candlestick on a daily chart would follow that logic that, okay, that big move on the one candlestick on a Monday, that's going to be the |
| 1003 | 02:50:47,550 --> 02:50:55,980 | beginning of the move for the rest of the week. And that's generally not what happens, especially when the instances that we're expecting as a specific thing |
| 1004 | 02:50:56,040 --> 02:51:04,080 | in the weekly chart to either occur or expanding higher or lower. So the weekly chart gives us our macro perspective, the higher timeframe perspective, then we |
| 1005 | 02:51:04,080 --> 02:51:14,430 | use our daily chart to zero in with the economic calendar, a medium or high impact news driver. In that time of day, that's when the manipulation starts. |
| 1006 | 02:51:15,090 --> 02:51:28,530 | And after initial manipulation, we wait for a imbalance to form, there's gonna be some displacement. The fair value Apple form, What time will it form 10 to |
| 1007 | 02:51:28,530 --> 02:51:42,060 | 11, four to the three o'clock in the afternoon. If it's in London, there you go. Your three times his three times in a day, every single day, one of them forms |
| 1008 | 02:51:42,060 --> 02:51:56,070 | it in every market, every market one of those timeframes, or kill zones, if you want to call it it will form the fucking drone has been sitting here in front of |
| 1009 | 02:51:56,070 --> 02:51:57,750 | me, I'm gonna take a picture, I gotta do it |
| 1010 | 02:52:11,250 --> 02:52:18,270 | still having a closed Twitter app. So if it closes on the I apologize, you probably hear me now that happened. |
| 1011 | 02:52:28,170 --> 02:52:40,050 | I got a few pictures of it. So this from the time I noticed that it's it's been sitting here the whole time, ain't moving around and doing anything just hanging |
| 1012 | 02:52:40,050 --> 02:52:49,980 | out. So you can kind of distract me from what I was saying. The weekly chart we use for our bias or macro perspective, are we bullish or bearish? I mean, these |
| 1013 | 02:52:49,980 --> 02:53:00,270 | are daily chart in conjunction with the economic calendar. So if there's an economic calendar, it has to send, for instance, a Tuesday or Wednesday it has a |
| 1014 | 02:53:00,270 --> 02:53:11,010 | medium or high impact news driver, then we know that there's going to be manipulation on that specific day. And around that time, we go in with a |
| 1015 | 02:53:11,010 --> 02:53:20,280 | narrative in mind that they're going to use that initial manipulation to trick people with the wrong direction. So it's like a Judas swing, okay, you want to |
| 1016 | 02:53:20,280 --> 02:53:30,720 | strip down to the bare Chrome. One easy model, that's I'm just giving teachers like this. This is not the only way to do it. But we need to muffler the lower |
| 1017 | 02:53:30,720 --> 02:53:41,160 | timeframes for our one hour. Okay, you're just basically looking at market structure, then you're looking for specific key levels to measure to see swing |
| 1018 | 02:53:41,160 --> 02:53:52,680 | projections to get low hanging fruit objectives. And when you time to market, we're using like the silver bullet as a model of choice, it could be as easy as |
| 1019 | 02:53:52,680 --> 02:54:07,290 | the optimal trade entry, it could be as easy as using the 2020 model. Any one of those can form in these silver bullet time windows, this 60 minute intervals, |
| 1020 | 02:54:07,770 --> 02:54:21,330 | where your your focus is literally reduced down to one single hour. Now, if you know that there's going to be medium or high impact news driver, you know, those |
| 1021 | 02:54:21,330 --> 02:54:29,550 | days are going to be really easy for a silver bullet to form. What time does the silver bullet fall on, you start looking at it from a five minute chart, you |
| 1022 | 02:54:29,550 --> 02:54:35,250 | look from a five minute if it's not there, you go down to a four minute chart, if it's not there, you go down to a three, then down to a two down to a one. If |
| 1023 | 02:54:35,250 --> 02:54:43,950 | it doesn't exist on a one minute chart, you have to either let it go if you don't want to go into the second chart, or go into the 32nd or 15 second chart. |
| 1024 | 02:54:45,090 --> 02:54:55,230 | Don't go any lower than 15 Second, but that's how that's where it's gonna form. It's a it's a high frequency trading entry mechanism you're using on the second |
| 1025 | 02:54:55,230 --> 02:55:03,270 | chart, but you're using a criteria that's been formed from a weekly to a daily specifically aiming on a data has been your high impact news driver, and you're |
| 1026 | 02:55:03,270 --> 02:55:13,110 | waiting for that initial displacement and manipulation. And you only trade between 10 o'clock and 11 o'clock, the entry must be taken there. If it isn't, |
| 1027 | 02:55:13,230 --> 02:55:23,070 | you wait to the next session, you missed the move, or it's going to be in the afternoon session. For an already formed in london session. There's your rules. |
| 1028 | 02:55:23,310 --> 02:55:31,620 | It's simple, but you won't stick to it. If you're in, if you're undisciplined. If you're undisciplined, you're gonna, like, oh, I can't do that I can't fall |
| 1029 | 02:55:31,620 --> 02:55:41,490 | out. But if you found it, it's going to give you money. It's gonna, you're gonna take losses when it comes. But it makes money. He gives you consistency in terms |
| 1030 | 02:55:41,490 --> 02:55:51,810 | of finding setups, it's a logic, you can time it, the economic calendar, you can see in advance what's the economic economy for next month, in June, they're |
| 1031 | 02:55:51,810 --> 02:56:06,420 | already there. They're already telling you when these reports are going to come out. So you know, okay, there's going to be opportunity on that day. Mustang, I |
| 1032 | 02:56:06,420 --> 02:56:18,540 | blow the doors off you boy. But the idea of not knowing what the setups form that's all, it's all been canceled. I'd say exactly. Now, where, when and why |
| 1033 | 02:56:19,800 --> 02:56:28,500 | the logic gone. Now, what about all the other moves that take place around the other days and intraday, that's opposed to that weekly objective, or where we |
| 1034 | 02:56:28,500 --> 02:56:40,650 | think it's gonna go to you ignore it, you filter it out. That's what I was really getting to on Friday, every long, was pretty much good. There were some |
| 1035 | 02:56:40,680 --> 02:56:50,190 | long's that I should have taken more partials off, or close to trade on and then not gone short. But I was showing you both both directions, up, down, up, down, |
| 1036 | 02:56:50,610 --> 02:56:58,710 | the lungs were better. Why? Because the weekly volume imbalance was the real draw on liquidity. Now, if you want to be real nimble, and you get your five |
| 1037 | 02:56:58,710 --> 02:57:10,350 | handles when itself available to you, like I could have done that up, down, up down up there all day long on Thursday. But your focus is to look for quality |
| 1038 | 02:57:10,350 --> 02:57:19,230 | over quantity, your goal should not be I can take 12 trades intraday in the same day and have them be profitable. That's not something you should strive for. You |
| 1039 | 02:57:19,230 --> 02:57:27,810 | want to be able to be consistently profitable, and content with looking for the best, the choice is the cream of the crop best setups, so that way you can trust |
| 1040 | 02:57:27,810 --> 02:57:36,180 | it. And when you're able to do that, number one, you're exhibiting discipline, you're exhibiting self control that most traders don't have. They don't have |
| 1041 | 02:57:36,180 --> 02:57:47,430 | that the way you arrive at it is having a model that's well defined, what are you looking for? What does it look like? When does it occur? Consistently? See, |
| 1042 | 02:57:47,580 --> 02:57:58,770 | if the markets were random, I'm gonna say this and close it. If the markets were indeed random, how the fuck is a silver bullet setup possible, and why it's so |
| 1043 | 02:57:58,770 --> 02:58:09,390 | consistent. Because the markets are not random. They're controlled, they're coded. And they're ran by an algorithm. And because it's coded, and it's ran by |
| 1044 | 02:58:09,390 --> 02:58:21,390 | an algorithm, it has to do certain things. And we are waiting for the time when manipulation would occur, whether it be automated with in the part that is |
| 1045 | 02:58:21,480 --> 02:58:31,200 | algorithmic or if it's manual intervention, we're waiting for that displacement. And we will fall victim to trades that are manually intervened. Sometimes, |
| 1046 | 02:58:31,350 --> 02:58:43,920 | there'll be a trade that sets up, you'll get in it, you're following all the rules, and then all of a sudden, one second, and to turn the car back on. You'll |
| 1047 | 02:58:43,920 --> 02:58:56,700 | take a trade and it'll be stopped down. But nothing has changed. All it was was a run on the liquidity one more time. Your stock was in too early. You entered |
| 1048 | 02:58:56,700 --> 02:59:08,610 | too early. And then you gotta reenter the market. How do you know that experience? Studying old moves? Not seeing the other side of the marketplace? |
| 1049 | 02:59:08,670 --> 02:59:18,270 | Because you get stopped out? If I get stopped out and I'm like, Okay, I got stopped out. Did it really change anything? No, it just ran for my stop. No |
| 1050 | 02:59:18,270 --> 02:59:28,200 | problem. I'm going back in. Okay. That's that's what happens. Sometimes you're going to do it wrong as a human being. But you have to have the experience to be |
| 1051 | 02:59:28,200 --> 02:59:38,520 | able to identify the market still has the opportunity to do what I expected in the beginning even though I took a loss there's gonna be times where you see the |
| 1052 | 02:59:38,520 --> 02:59:51,030 | market change and morph into if you're bullish, something extremely bullish. You watch me do that on Friday to market went down. I was already long, several |
| 1053 | 02:59:51,090 --> 02:59:59,790 | several contracts. And one more time down into a level that I felt that was returning just for reclaimed pdra And I went I knew it was that was the one that |
| 1054 | 02:59:59,790 --> 03:00:10,770 | was the When I was waiting for, there's no doubt about it, and added another larger position in terms of the trade size. And it turned right there and ran |
| 1055 | 03:00:10,770 --> 03:00:21,510 | away. That's experience, you can't get that from a book. Even if I wrote it, you can't get that from a video, whether I do a five minute video of it, or someone |
| 1056 | 03:00:21,510 --> 03:00:31,500 | else tries to reduce it down to a five minute video. Or if I do a whole week long lecture on it, it needs to be experienced individually. And that's the part |
| 1057 | 03:00:31,500 --> 03:00:39,660 | that nobody wants to hear. Nobody wants to hear that. They think that there's going to be a teacher out there, that's going to be able to tell them real short |
| 1058 | 03:00:39,660 --> 03:00:47,370 | and easy. This is what you need to know. And now you heard me say it, or I showed it to you, as an example. Now you know how to do it. That's That's |
| 1059 | 03:00:47,370 --> 03:00:58,170 | bullshit. Believe me, that's bullshit. The folks that use my name on their YouTube channels, and they say I've done all the work so that way you don't have |
| 1060 | 03:00:58,170 --> 03:01:08,520 | to, or learn this easier and faster. ICT did this, this, this and I can make it faster for you. That's bullshit. That's bullshit. Because you can't compress |
| 1061 | 03:01:08,850 --> 03:01:19,800 | what needs to be learned on an individual basis. You can't. That is a bandwidth that's uniquely experienced, you can't do anything to change it, you can't |
| 1062 | 03:01:19,980 --> 03:01:28,650 | augment it, you can't speed it up. You can't elongated. It is what it is. And that's what makes this expensive as an industry, not because you can lose money, |
| 1063 | 03:01:28,680 --> 03:01:38,850 | but because it takes a lot of fucking effort in time. And you bring all your baggage to it. All your, your character flaws, the things that you don't like |
| 1064 | 03:01:38,850 --> 03:01:51,210 | about yourself. And if you are really forced to look at it, make you unsettled. And some people don't like who they discover who they are in a manifest that in |
| 1065 | 03:01:51,210 --> 03:01:58,410 | losing because they don't want to they don't want to whether going through it, the grow through that. They don't want to they just want to turn their cheek and |
| 1066 | 03:01:58,410 --> 03:02:06,330 | say, Oh, this guy is a fraud. This stuff doesn't work. Nobody makes money trading, and narratives that allows them to live the existence where they |
| 1067 | 03:02:06,360 --> 03:02:16,080 | haven't corrected their problems. Their impatience, their impulsiveness, their greed, they're lazy fucking this guy just coined the term, lazy fucking this. |
| 1068 | 03:02:17,730 --> 03:02:18,180 | Whatever. |
| 1069 | 03:02:20,280 --> 03:02:30,120 | Lazy doesn't work here, folks. Lazy doesn't work. And impatience doesn't allow you to stay in this game long enough to learn. So you have to be patient, you |
| 1070 | 03:02:30,120 --> 03:02:39,870 | have to be really, really disciplined. With your time, if you're listening to someone, like for instance, someone new, someone new that comes to this |
| 1071 | 03:02:39,990 --> 03:02:47,580 | industry, maybe this is the first time you listened to me. And I probably talked about things that may nothing mean nothing to you, and you probably are going to |
| 1072 | 03:02:47,580 --> 03:02:57,630 | close this in a couple minutes, when I end it. If you're even gonna stay that long. You probably already turned off anyway, just be honest with the folks that |
| 1073 | 03:02:58,620 --> 03:03:09,960 | see or, or listen to things like this. And come away with this expectation or, or opinion that this was a waste of time. You haven't traded with your money. |
| 1074 | 03:03:10,890 --> 03:03:20,400 | You haven't found consistency yet. Because you believe that there's something out there someone has, it's going to be easy 123 You're going to understand it |
| 1075 | 03:03:20,400 --> 03:03:26,760 | real quick. You're never gonna make mistakes, you don't have to fix any character flaws in yourself, and you're gonna make money and you'll never have a |
| 1076 | 03:03:26,760 --> 03:03:34,110 | losing trade. Believe me, I felt that same should have existed to when I first started. You may not admit it publicly on social media, but that's deep down |
| 1077 | 03:03:34,110 --> 03:03:40,050 | inside. That's what you're really looking for. Because you really believe it's out there. And I'm probably the closest thing to it. And if I found if I had |
| 1078 | 03:03:40,050 --> 03:03:48,030 | this, there's got to be somebody else out there that has this much better, and shortened it up. Make it real easy for you. And I'm being honest with you the |
| 1079 | 03:03:48,030 --> 03:03:57,990 | things I'm telling you that I can't teach you. No one's gonna be able to teach you. You learn it from experience, you lose. You learn from that? How can I |
| 1080 | 03:03:57,990 --> 03:04:08,160 | teach you adequately? How to Fix a $25,000 drawdown with real money? How can how can I? How can I tell you in a book in a video in a video series? How can I even |
| 1081 | 03:04:08,160 --> 03:04:16,620 | if I didn't live, I went into a live account purposely lost $25,000. And so now here's how I'm going to fix it. You don't you can't. You can't bring yourself to |
| 1082 | 03:04:16,620 --> 03:04:27,060 | the same perspective. If it was your two, if it was your 25,000 hours. You can't you got to experience that. So there's a whole lot of learning curve to this |
| 1083 | 03:04:27,060 --> 03:04:36,840 | that everybody's simply just tapped whose tiptoes around it. And tap dances like it's all going to be good. It's not and you have to learn there. The most |
| 1084 | 03:04:36,840 --> 03:04:48,210 | valuable lessons are from the pain, the losing. I love when I hear people, whether it be using mind content, even folks that are outside of what I teach, |
| 1085 | 03:04:49,020 --> 03:04:59,010 | when they are candid with their audience and they say I'm really having a hard time with this, this this and I lost this and this is what I did wrong. Man. I |
| 1086 | 03:04:59,010 --> 03:05:07,440 | have the utmost fun can respect for somebody like that, because that's the reality. Everybody can go out there with hindsight fucking Harry mentorship |
| 1087 | 03:05:07,440 --> 03:05:15,060 | level shit, and talk about what's already happened. And it sounds educated, the sound like oh, well, he should be able or she should be able to do that live, |
| 1088 | 03:05:15,630 --> 03:05:24,570 | but they'll never do it. They'll never fucking do that, they will all call it, they won't trade it, they won't even record your executions. And they're |
| 1089 | 03:05:24,570 --> 03:05:32,040 | building their name on fucking horseshit just for clout, the folks that are out there that are really out there in the trenches, and they're sharing whether |
| 1090 | 03:05:32,040 --> 03:05:42,330 | they're teaching or just make an experience known to everyone else on YouTube. That's what I like about carbs, okay? And carbs. If you're listening, dude, |
| 1091 | 03:05:42,360 --> 03:05:52,920 | seriously, your fucking channel would grow. If you recorded your executions, and then went in with the same idea that you do afterwards, like when you go and you |
| 1092 | 03:05:52,920 --> 03:05:59,520 | meet everybody at noon, you probably aren't talking live right now. If you're in his live stream, if he's doing one right now, tell him I'm mentioning him right |
| 1093 | 03:05:59,520 --> 03:06:09,510 | now. But I told him once before I said, just record your executions. I mean, you're going so far as this show what your executions were up and down, you |
| 1094 | 03:06:09,510 --> 03:06:20,250 | know, getting in after the fact. So just just record them. Just record them. And afterwards, whether it's good or bad, go in and tell everybody what your what |
| 1095 | 03:06:20,250 --> 03:06:30,090 | you're feeling and what you felt at the time. That is that's valuable. I would love to fucking see it. Because you're being honest. When you say you're not |
| 1096 | 03:06:30,090 --> 03:06:41,340 | doing something right or you're struggling. That to me is refreshing. That's refreshing. Because take this take a look at what is promoted in this industry. |
| 1097 | 03:06:41,370 --> 03:06:51,390 | Whether it's Forex or futures or trading crypto, whatever the fuck it is. Everybody believes that it's the fucking rich lifestyle. This is all they got to |
| 1098 | 03:06:51,390 --> 03:07:00,480 | show. They don't show anything else. If I lose, I'm going to show you how I can lose if I get it wrong. I'm not going to sugarcoat it, tap dance around and like |
| 1099 | 03:07:00,480 --> 03:07:08,850 | Okay, I did that wrong. Boom, boom, boom, this is what I'm doing now. How often am I doing it incorrectly? I'm telling you what's going to happen and it does. |
| 1100 | 03:07:09,570 --> 03:07:28,620 | But you saw on Friday, I took a 975 hour hit didn't do shit to me bringing the element of humanity into it will grow your channel. Drama is not going to sell |
| 1101 | 03:07:28,620 --> 03:07:43,290 | your shit. You just have a little weak person with little dick complex. Okay. Trolling is stupid. Everybody out there can be trolled. I can be trolled. |
| 1102 | 03:07:43,320 --> 03:07:54,720 | Everybody can be trolled. This community this industry would be better if every person out there and this is a challenge to everybody that has a YouTube |
| 1103 | 03:07:54,720 --> 03:08:10,110 | channel, okay. I like that guy Kimmel. I'm subscribed to him. I like listening to him. I like Hannah. And there's a couple other people I watch I'm not |
| 1104 | 03:08:10,110 --> 03:08:23,730 | subscribed to. But I'm, I'm a little leery to talk about other people because Patrick Whelan put a dick move. I all I did was give him good, good shit and |
| 1105 | 03:08:23,820 --> 03:08:33,690 | uncompromised, and you want to act like an asshole, so. But his channel will not grow with that kind of stuff, they won't, they won't grow. He's still sitting |
| 1106 | 03:08:33,690 --> 03:08:44,190 | underneath 20,000 He might grow a little bit over time, but he would have exponential growth if he wasn't so fucking toxic. Be real. And don't try to tear |
| 1107 | 03:08:44,190 --> 03:08:52,470 | other people down. Now I can tear down other approaches to trading, because it's all shit. And I can tell you why it should have to show you where its weaknesses |
| 1108 | 03:08:52,470 --> 03:09:02,310 | are and where I use my content to smash the shit out of anybody who uses that logic. That's not me going after any one particular YouTube operator. But the |
| 1109 | 03:09:02,310 --> 03:09:08,250 | people that use that methodology will take offense to that and say, well, he's talking about me. No, no, if I'm going to talk about you, I'm going to drop your |
| 1110 | 03:09:08,250 --> 03:09:21,150 | fucking name like I just did. Start talking about me for clout, just not talking about me. Just focus on you. But be real. Patrick's strengths are when he's |
| 1111 | 03:09:21,180 --> 03:09:31,290 | real. And he puts down his ego. And he says what he's doing wrong. That is growth. He'll learn from his own shit. And he'll also tell us audience that this |
| 1112 | 03:09:31,290 --> 03:09:41,160 | is normal. Everybody experiences I went through it. I went through it. I physically had to take myself away from the charts. Because I know the tendency |
| 1113 | 03:09:41,160 --> 03:09:51,150 | for me. I like to think I'm better than my algorithm. And if I'm given an opportunity or states to do so, why the fuck should I go out here and do |
| 1114 | 03:09:51,150 --> 03:10:00,960 | something I know deep down inside. I'm not going to be in my best performance I'm not. So I took myself away from it. And then I put myself in front of |
| 1115 | 03:10:00,960 --> 03:10:10,890 | charts, when it was presented itself, and then boom, like gangbusters exactly how we saw our charts, your chart looks like mine. I predicted the future, using |
| 1116 | 03:10:10,890 --> 03:10:20,220 | what I teach you. We didn't react to shit. We don't react to anything. We predict the future, we predict where price is going to go, we wait for certain |
| 1117 | 03:10:20,220 --> 03:10:30,960 | things to occur, we go in and attack it like that cheetah, an algorithm, an algorithm, an algorithm at this point in time, and an analogy, okay. So when |
| 1118 | 03:10:30,960 --> 03:10:41,040 | we're looking at price, we're anticipating certain performance in price and then go after it. We're not, you know, if it does this, I'm going to react to it by |
| 1119 | 03:10:41,040 --> 03:10:51,990 | doing that. No, I know, my students know it's going to do this. When it does my limit orders waiting for it. I'm waiting for it to do but I already know it's |
| 1120 | 03:10:51,990 --> 03:11:05,610 | likely to do and when it does, I'm all over that shit. And I'm gonna milk it and look for low hanging fruit objectives. easy targets? We'll try to get out of it. |
| 1121 | 03:11:05,610 --> 03:11:14,550 | Okay, well, don't argue don't argue with that. Where's five handles? Get out there. Do that for a couple of months get accustomed to build up some mental |
| 1122 | 03:11:14,550 --> 03:11:21,900 | capital? What does it feel like to be right? Following this logic, what does it feel like? Because you don't know what that feels like. That's why you're |
| 1123 | 03:11:21,900 --> 03:11:27,870 | uncertain. That's why you're afraid to put any time into because you're afraid. Too many people are learning ICT, it's gonna start working, they're gonna change |
| 1124 | 03:11:27,870 --> 03:11:34,980 | the markets. What the fuck, you're arguing that there is no algorithm, but then you're saying the same people are saying, but if all these people start doing |
| 1125 | 03:11:35,010 --> 03:11:43,950 | the market's going to start going against it? What the fuck? You just admitted that there's an algorithm for Come on. I mean, these people are stupid. They're |
| 1126 | 03:11:43,950 --> 03:11:52,620 | fucking stupid. They're wasting all this time worrying about shit, that isn't going to happen. What if thinking, what if if you put your ass down from the |
| 1127 | 03:11:52,620 --> 03:12:00,300 | chart and studied like I told you? What if you did all that, and it worked out and you made fucking money? What if it changed your whole fucking family tree? |
| 1128 | 03:12:01,230 --> 03:12:06,270 | And you don't live in lack anymore? What if you can make your ends fucking meet? If you just listened? |
| 1129 | 03:12:08,430 --> 03:12:18,270 | Think about that. You're bringing your bullshit, your myopic perspective into this. That's a problem. That is a fucking problem. You need to change it, you |
| 1130 | 03:12:18,270 --> 03:12:25,380 | need to recalibrate. You're bringing negativity in something that you're intrigued enough to say, well, let me take a look at this guy's video or anybody |
| 1131 | 03:12:25,380 --> 03:12:34,560 | else's shit. But you're too critical over it. And yourself. You're already you've already defeated yourself before you even started. You have defeated |
| 1132 | 03:12:34,560 --> 03:12:43,890 | yourself you convinced yourself that there's no point in trying. It's a losing cause why bother? So why the fuck are you get on social media posting that kind |
| 1133 | 03:12:43,890 --> 03:12:52,650 | of shit? Because you're negative. There's something wrong in you. There's a disconnection. You need to identify what that is. There's a triggering that's |
| 1134 | 03:12:52,650 --> 03:12:59,070 | going on. It's not ICT that does it. Like people would like to say, Oh, I hate that button guy. Fuck you. I don't care if you'd like me or not. The point is, |
| 1135 | 03:12:59,100 --> 03:13:11,010 | this is the truth is the facts. I brought in my own baggage. I needed to feel significant because my own fucking parents didn't want me that you can't get any |
| 1136 | 03:13:11,010 --> 03:13:24,180 | bigger than that. And I had a wife that left me. Hello. What do you got? What the fuck your hold up? What's your problem? Where's your baggage? Like? There's |
| 1137 | 03:13:24,180 --> 03:13:34,080 | a two biggest fucking things. The people that birthed me in the fucking moment. I'm supposed to spend the rest of my life with both of them walked out. What the |
| 1138 | 03:13:34,080 --> 03:13:46,800 | fuck do you have? It's worse than that. It's just mental baggage. Leave it at the fucking door. Come on, in. Warm up. We brought cookies. We got refreshments |
| 1139 | 03:13:46,830 --> 03:13:53,070 | hanging out for a little while because you're gonna leave a different person. You're gonna know. I ain't gotta be like that person and leave the fucking |
| 1140 | 03:13:53,070 --> 03:14:01,200 | baggage. We'll get rid of it on our own. We'll toss it out. We'll throw it in the bin for you. But leave that shit don't come into this learning experience |
| 1141 | 03:14:01,380 --> 03:14:09,060 | with all this negativity bullshit. And what if thinking and what if it does this and what if it does that? What happens if you just follow the rules? And you do |
| 1142 | 03:14:09,060 --> 03:14:16,530 | what other people around the fucking world are doing independent of me? I'm telling them what they're trading for. Don't on their own. making fortunes. |
| 1143 | 03:14:17,730 --> 03:14:28,350 | fortunes. Have you made 100 Fucking $1,000 last year? How about this? Are you gonna make $100,000 I got people making that in the same fucking month in the |
| 1144 | 03:14:28,350 --> 03:14:39,510 | same week. What are you complaining about? It doesn't cost you anything to pull up a fucking video. It takes time. Yes. I told you that. I didn't hide that from |
| 1145 | 03:14:39,510 --> 03:14:52,530 | you. But you're, you're missing this opportunity for you to change everything. Not just your ability to make it pay for shit. But your whole life changes. |
| 1146 | 03:14:54,150 --> 03:15:06,690 | Freedom. Fucking freedom. You don't have to listen to you Your fucking boss. You don't have to ask when your fucking vacations allowed to be had. You do what the |
| 1147 | 03:15:06,690 --> 03:15:15,660 | fuck you want to do. And some of you are coming in here with a car mindset you got to trade every day because that's what fucking a good car will do stock Carl |
| 1148 | 03:15:15,870 --> 03:15:25,380 | thought can fuck his mentality fuck his approach to life. We don't need the brown nose to market to keep it in love with us. We know when we can have our |
| 1149 | 03:15:25,380 --> 03:15:33,810 | one night stands with this and it's nothing wrong with it. We can still be married and nobody's divorcing us. Trust me, your fucking wife's gonna love you |
| 1150 | 03:15:33,810 --> 03:15:43,320 | for having a one night stand with a fucking Yes, okay, you're getting in there. No STDs, the only STDs we got in standard deviation. Financially were the fact |
| 1151 | 03:15:43,320 --> 03:15:57,960 | that came from this came off the hit. But anyway, I got my second one, you ready for another three hours. I'm just kidding. I'm not a water. And I haven't eaten |
| 1152 | 03:15:57,960 --> 03:16:10,200 | today yet. So I gotta go get something to eat. Hang out with my little guy. So I don't I'm sure if you've got anything from this one or not. I didn't really |
| 1153 | 03:16:10,200 --> 03:16:21,690 | stick to my attention. Because I allowed the rabbit trails dictate my pace and direction. But everything I said I meant it. And it's all meant in the light of |
| 1154 | 03:16:21,690 --> 03:16:31,050 | you improving. If you have a mentor, if you have somebody on on YouTube that you'd like to watch, encourage them respectfully not, don't go there and troll, |
| 1155 | 03:16:31,380 --> 03:16:38,940 | don't go out and say shit, like you knew you. We've never seen a payout from you before this one, that kind of shit, that's it's a thing. It's ignorant. I |
| 1156 | 03:16:38,940 --> 03:16:50,520 | observed the same thing, I'm not going to beat this person up. But encourage them, encourage them to be more open with what they find difficult. And you're |
| 1157 | 03:16:50,520 --> 03:16:57,690 | gonna find that if you're that type of person, that you're out there trying to share what you do or trying to teach. And you're open, and you're honest with |
| 1158 | 03:16:57,720 --> 03:17:05,520 | what you have found difficult in your trading. And this is back to my challenges for everybody who has a YouTube channel that's listening to me. I would love and |
| 1159 | 03:17:05,520 --> 03:17:15,690 | I will literally look at all your videos. If you tweet it to me, I'll watch your video. Okay, if you're doing this, I want you to be honest and talk about what |
| 1160 | 03:17:15,690 --> 03:17:27,330 | you have struggled with. In your trading. Like what what was the biggest boulder? What was the barrier, the roadblock in your understanding that you may |
| 1161 | 03:17:27,330 --> 03:17:35,790 | still be underneath of in terms of feeling the pressure from or what you overcome. Preferably, I'd love to hear the ones that have overcome it and what |
| 1162 | 03:17:35,790 --> 03:17:47,700 | they did to to do that, because you're gonna see, everybody's dealing with unique shit. And what was the reasons for them to feel this problem. And if |
| 1163 | 03:17:47,700 --> 03:17:57,630 | they're honest, and I don't expect, honestly, the level of honesty that I would like to see, but I'm encouraging you all, like I opened myself up. When I do |
| 1164 | 03:17:57,630 --> 03:18:07,470 | these, and I've done certain YouTube video series, where have you heard me cry, I'm a fucking man. And I'm a human being, I have a heart. And when I think about |
| 1165 | 03:18:07,470 --> 03:18:17,940 | the things I've done, and I caused my family to miss me, when I was right in the same room with them in the same house, and like a ghost, I would pass by them |
| 1166 | 03:18:18,210 --> 03:18:31,770 | and get right back to my charts. I caused that pain, I did that. And I regret it. I can't fix it. So the only thing I can do is spend more time with them. It |
| 1167 | 03:18:31,770 --> 03:18:41,040 | might be for you fear, fear of losing. And what did you do to overcome that? It might be fear of getting into a trade, fear of not getting out at the right |
| 1168 | 03:18:41,040 --> 03:18:48,480 | price. Whatever I'm just giving you suggestions. I'm not saying let me use that make a video and be honest thing cuz people are gonna be tough because genuinely |
| 1169 | 03:18:48,480 --> 03:18:59,370 | not. If you've got the balls to do it, and go out there and be honest and say, This is what I have dealt with for this much time, or still encountering. And |
| 1170 | 03:18:59,400 --> 03:19:09,060 | even though I can make money. This is what I keep coming up against. I keep coming up against that. I promise you, your fucking community will love you for |
| 1171 | 03:19:09,060 --> 03:19:21,930 | that. They will love you for it because you're not trying to be superstar Rockstar celebrity trader that knows everything. I don't do that. And I met I am |
| 1172 | 03:19:21,930 --> 03:19:30,690 | that and I don't present myself like that. I'm real. When I fuck up things, I will tell you I fucked that up. I didn't do that. Right. This is what I had to |
| 1173 | 03:19:30,690 --> 03:19:40,260 | learn from that. That's real mentoring. That's somebody that went through some real shit. Learn from it, and this is how to avoid it, and why you shouldn't do |
| 1174 | 03:19:40,260 --> 03:19:45,750 | these types of things. Because you're not going to be the exception. You're not gonna be the person that you can walk around and say, well, it didn't happen to |
| 1175 | 03:19:45,750 --> 03:19:57,780 | me. And so many young guys do the same shit that I say not to do. So yeah, I'm just like ICT like it's a fucking brotherhood. I don't. We don't we don't want |
| 1176 | 03:19:57,780 --> 03:20:06,000 | you to do that. I don't want you to I could have that pain, I know it scar tissue, it's going to limit you. If you didn't think that tell you to do and |
| 1177 | 03:20:06,000 --> 03:20:16,770 | avoided things I tell you to avoid, you can be better than I am. Even just trading one model that I created, you can be better than I am. How does that |
| 1178 | 03:20:16,770 --> 03:20:28,800 | even possible? Well, number one, I'm never satisfied with my exits. I'm never ever, ever satisfied with my exits. Never. I'm never fucking satisfied with |
| 1179 | 03:20:28,800 --> 03:20:36,240 | them. I don't care how much money I can make them. I'm never satisfied with them. My entries, unless I say otherwise, I'm pretty much getting in where I |
| 1180 | 03:20:36,240 --> 03:20:45,120 | want to get in. But my weakness is my exits. I'm not content, I want more precision on my exits. And you probably look at what I'm doing and thinking what |
| 1181 | 03:20:45,120 --> 03:20:54,720 | the fuck dude, if I could have just 25% down great, but I'm not. So that's what I'm telling you I have, I have an issue with that. I wrestle with it every day. |
| 1182 | 03:20:54,900 --> 03:21:01,440 | And when markets are not trading, and I'm contemplating what I can do to change things or what ideas I want to pursue and what I want to tweak. And it's always |
| 1183 | 03:21:01,440 --> 03:21:10,830 | on the exit strategies. That's it. Because entries I have had that unlock it's given, I've no fucking fear of getting in anything. I said, I got 81 different |
| 1184 | 03:21:10,830 --> 03:21:18,690 | ways to get into something I'm getting in that bits, trust me, it's a vault I'm getting in it, I'm taking something out of there, it may not be the all of it, |
| 1185 | 03:21:18,720 --> 03:21:28,320 | I'm gonna take something out of it. But I'm encouraging all of you that are YouTubers to do a video sometime this week doesn't have to be today. It's not a |
| 1186 | 03:21:28,320 --> 03:21:42,030 | race to get the first one out either, but put some time into it and really consider the level of honesty that was required. And give the audience what they |
| 1187 | 03:21:42,030 --> 03:21:54,480 | don't know about you. Tell them what, what struggles you have what? What causes you apprehension with taking a trade? What do you feel when |
| 1188 | 03:21:55,860 --> 03:22:03,270 | you're in the trade? What type of things you wrestle with? You know, what are you thinking, what are you feeling, and your audience is going to be able to |
| 1189 | 03:22:03,270 --> 03:22:13,260 | draw a connection with you that you haven't made with them yet. See, the folks that hate me, it can't stand me because I literally had been teaching with a |
| 1190 | 03:22:13,260 --> 03:22:22,590 | demo. And I'm blowing up with a demo that I've shown live trading, I made 20 some $25,000 in one month, flipping a quarter. Okay, flipping a fucking quarter |
| 1191 | 03:22:22,710 --> 03:22:30,390 | and doing a few things for students in my private mentorship to ask me questions. Because you do this, how do I fix this? And how did I did that. And I |
| 1192 | 03:22:30,390 --> 03:22:38,820 | made $25,000. None of that shit, go through all those straight executions. And you won't see any of the models of teams that have taught you it's not there. |
| 1193 | 03:22:39,810 --> 03:22:50,610 | That's just managing money. And if you're not to make money, you can fucking flip a coin and make money. That's the proof. If I was in a fucking courtroom, |
| 1194 | 03:22:50,700 --> 03:23:00,930 | I'd say here's what I did this thing I flipped here. It was heads that day by it was this tails itself. And I had to force myself to do that. That's it. That's |
| 1195 | 03:23:00,930 --> 03:23:12,900 | all still in there. What do you think's going to happen when you apply sound money management, sound money management, good risk reward. And you're choosing |
| 1196 | 03:23:12,900 --> 03:23:21,270 | your setups based on the logic I'm teaching, your results are almost fucking guaranteed the closest thing you can get to a guarantee of finding success over |
| 1197 | 03:23:21,270 --> 03:23:33,120 | a large sample set, not every individual trade is going to be a win. But over a large sample set, you can reasonably expect a positive outcome. Now, a person |
| 1198 | 03:23:33,120 --> 03:23:40,770 | that has mental baggage coming in, can't expect that because they're going to do everything, whether they realize it or not, subconsciously, in birtley, or |
| 1199 | 03:23:40,770 --> 03:23:48,270 | directly derail themselves, you're angry at your wife, you're angry at your husband, you don't feel like you're getting enough attention from them, you're |
| 1200 | 03:23:48,270 --> 03:23:57,300 | going to act out. They said something to you to piss you off at work. You didn't get recognized at work, you got fired. Somebody did something to your child at |
| 1201 | 03:23:57,300 --> 03:24:04,290 | school, you want to go out there and talk and make the news, all that kind of stuff, that that's real world shit. And if you're in a market if you're in a |
| 1202 | 03:24:04,290 --> 03:24:12,240 | trade, or if you go into a trade to kind of compensate for that, to give you a different vibe to feel better about the situation you're in. Because if I can |
| 1203 | 03:24:12,240 --> 03:24:18,810 | make 500 bucks Hey, man, it's better than wanting to go out there and kill this man fucker to head his kid come and hit my kid or do something inappropriate. |
| 1204 | 03:24:19,170 --> 03:24:29,220 | Whatever it is, whatever it is that real world brought to you that causes you discomfort or just boredom. If you allow boredom to come in, invite you into |
| 1205 | 03:24:29,220 --> 03:24:39,060 | taking a train, do anything in the market right now. Depend on looking forward. We just call him by and see what happens. And you Buck around and find out. Do |
| 1206 | 03:24:39,060 --> 03:24:48,240 | you fall into that impulsiveness all the time? Do you do it frequently? Yeah, those types of things. It's silly. They may sound some of you're probably not |
| 1207 | 03:24:48,240 --> 03:25:01,200 | going to do that shit. What the hell? That is. What it's like to be human. When you're human. These intrusive thoughts they come in And if you allow these |
| 1208 | 03:25:01,200 --> 03:25:12,690 | intrusive thoughts to dictate the direction or execution, where there's money behind it at risk, are you really trading? Are you doing a science experiment? |
| 1209 | 03:25:16,440 --> 03:25:27,840 | It's like taking chlorine and mixing it with brake fluid. Now, the average person, oh, the folks that are going to do, you don't want to do that. It will |
| 1210 | 03:25:28,500 --> 03:25:36,600 | catch fire. Those two ingredients coming together, there ensnaring you don't want to do that. And but that's what you're doing. You're thinking, Okay, I got |
| 1211 | 03:25:36,600 --> 03:25:44,640 | something good and clean. Okay, I got something good and clean. I'm gonna try to make something about myself and trading. That's the chlorine. That's the element |
| 1212 | 03:25:44,640 --> 03:25:51,000 | we're talking about here. Okay, you're doing the right thing trying to improve your life. But you bring in a new brake, brake fluid, you're, you're stopping |
| 1213 | 03:25:51,000 --> 03:26:02,220 | yourself, you're stopping yourself from doing something that the rules say you shouldn't do, or you should do. And that brake fluid being introduced to the |
| 1214 | 03:26:02,220 --> 03:26:12,180 | chlorine, the good aspect of when you're trying to make a good thing and you're like, clean up your act. It actually catches on fire violently on fire and some |
| 1215 | 03:26:12,180 --> 03:26:18,990 | of you out there, I'm gonna go do that. I gotta pull and get some chlorine, get some big sure if you hurt yourself or bring your fucking shit down. Don't Don't |
| 1216 | 03:26:19,020 --> 03:26:29,850 | blame me. Okay, but that's the average person that knew that. And ignorance doesn't exonerate you from the damages that it would you would cause by fucking |
| 1217 | 03:26:29,850 --> 03:26:37,170 | around finding out. So when you're doing these things, and allowing intrusive thoughts in your personal life that's causing you pain, discomfort, boredom, |
| 1218 | 03:26:37,410 --> 03:26:47,340 | rage, anger, insignificance, not getting the attention from your significant other, oh, I find aren't getting it from him. If I'm not getting it from her, |
| 1219 | 03:26:47,580 --> 03:26:53,910 | I'm gonna go out there making some money. Because it'll remind me that I don't need them, I can give you my own shit and find someone else I'd better better |
| 1220 | 03:26:53,910 --> 03:27:05,070 | life can be had with, which leads to a whole new discussion, we won't hear now. But all those things, human beings have a tendency to do. And I've been open |
| 1221 | 03:27:05,130 --> 03:27:16,290 | with what I've done in the past where I hurt myself. I've caused monetary loss in scar tissue and mental baggage that I still wrestle with today. There are |
| 1222 | 03:27:16,290 --> 03:27:22,560 | certain times when I get in the marketplace, I remind myself of not because I want to remember but just reminds me because I've done so many different trades |
| 1223 | 03:27:22,560 --> 03:27:32,670 | that this is the time there's a time I did this type of trade before and I didn't know this and that in my mind shifts that bad moment, and I lose my |
| 1224 | 03:27:32,670 --> 03:27:39,450 | concentration about what it is I'm looking for. That's some things that I wrestled with that scar tissue, you start worrying about, like that piece of |
| 1225 | 03:27:39,450 --> 03:27:45,600 | meat, okay, you eat a steak, you get a piece of meat between your teeth, what happens if you don't have floss to get it out, your tongue keeps going right |
| 1226 | 03:27:45,600 --> 03:27:52,830 | back to it. You can't, you can't really listen to somebody talking to you. And you're nodding your head. And yeah, I hear what you're saying. But you're just |
| 1227 | 03:27:52,830 --> 03:28:01,110 | trying to get that little piece of fucking meat between your teeth out. That's what scar tissue is like, when you're trading with bad experiences, you will go |
| 1228 | 03:28:01,110 --> 03:28:10,230 | back to those things where it hurt you before. And you won't be able to focus clearly, without any confusion, or any kind of distraction about the very trade |
| 1229 | 03:28:10,230 --> 03:28:19,440 | you're in. That's why I teach you the way I teach you, I don't want you and you don't want you don't realize you don't have that problem. If you have the |
| 1230 | 03:28:19,440 --> 03:28:24,660 | problem. You're nodding your head right now, like I know exactly what the fuck you're talking about. I know exactly what you're talking about. And wish I would |
| 1231 | 03:28:24,660 --> 03:28:32,100 | have known this beforehand. But once you have it, you can't do anything but live with it. It makes it harder to be a traitor like that. It's difficult to do |
| 1232 | 03:28:32,100 --> 03:28:44,910 | that. In the way I teach and how I teach it with a demo account. You can't get that problem. It's impossible for you to get that problem. Why fucking people |
| 1233 | 03:28:44,910 --> 03:28:52,140 | have an issue with this shit, whether it's a demo or not. Because literally, it's the same fucking thing. The people that are following my shit went on |
| 1234 | 03:28:52,140 --> 03:28:58,410 | Twitter and saying I'm gonna go here and they buy it and they make money. You think they get a fuck about whether I talked about in a demo or not? They made |
| 1235 | 03:28:58,410 --> 03:29:05,940 | money on it. They watched it unfold. They don't give a fuck. They're also aware to every fund account out there. It's a fucking demo. Just off talking about |
| 1236 | 03:29:05,940 --> 03:29:12,990 | fucking demos. Like it's a fucking problem. People are making money and learning from me and studying in their own demo account when you get comfortable with |
| 1237 | 03:29:13,020 --> 03:29:21,960 | what they're looking at. And they wrestle through all their bullshit and find out where their character flaws are. And you're honest with that they make |
| 1238 | 03:29:22,740 --> 03:29:30,660 | either a coping skill to work around it or correct it it might be a substance abuse could be alcoholism it could be you know smoking weed if you're smoking |
| 1239 | 03:29:30,660 --> 03:29:39,330 | weed and you're trading you're fucking stupid. Okay, you're fucking stupid. You're literally darling. Your fucking senses and you're fucking making it |
| 1240 | 03:29:39,330 --> 03:29:47,880 | harder. Okay, you want to do that? Do that on a weekend? No markets no none that shit. Okay, you're gonna get high get fucking lit. get baked. Weird fucking |
| 1241 | 03:29:47,880 --> 03:29:54,540 | wanna call it on a weekend where you can't do anything to hurt yourself in the marketplace. You shouldn't smoke is going to tear your fucking lungs up. I don't |
| 1242 | 03:29:54,540 --> 03:30:05,790 | care what anybody says. It's hurting your lungs. edibles have added alcoholism, you don't want to be drinking, you don't have anywhere near you while you're |
| 1243 | 03:30:05,790 --> 03:30:16,800 | trading. I don't drink I've never drank alcohol or got drunk, but I've seen the effects of it. And nobody, in my opinion is going to effectively trade well. |
| 1244 | 03:30:17,670 --> 03:30:29,610 | Intoxicated, okay, this is this is not. And to try to be the person that proves me wrong Larry's stupid. So it might be as extreme as something like that, that |
| 1245 | 03:30:29,610 --> 03:30:39,000 | you're wrestling with, or something as simple as you know, you just want to feel significant, and you're impatient about it, and you want to do something right |
| 1246 | 03:30:39,000 --> 03:30:42,180 | away, because a win will make you feel significant. |
| 1247 | 03:30:43,290 --> 03:30:52,170 | And most of the time, it's that it's that that very thing for men. For women, they just want to feel confident that they don't have to rely on a secondary |
| 1248 | 03:30:52,170 --> 03:31:02,340 | income, which will allow them to live their relationship with their significant other more honestly, because unfortunately, women sometimes are codependent on a |
| 1249 | 03:31:02,340 --> 03:31:12,630 | male, because they're the breadwinner. And if they help the household, you stay afloat. And they don't have enough to contribute to support it. Without them. |
| 1250 | 03:31:13,050 --> 03:31:21,210 | They stay in relationships they otherwise wouldn't be in. And I'm not trying to force the idea of divorces or separations. But some instances, certain |
| 1251 | 03:31:21,210 --> 03:31:28,890 | relationships are not healthy for them to be in, it could be physically abusive, it could be mentally abusive, and they're trapped. In this skill set, when they |
| 1252 | 03:31:28,890 --> 03:31:34,860 | learn how to do it will allow them to weigh out whether or not this is a really healthy relationship. And honestly, if you want to know if a man who really |
| 1253 | 03:31:34,860 --> 03:31:43,590 | loves you, if you can make the money that supports the household, and you still give him respect as the man, he's going to love you like a queen like you've |
| 1254 | 03:31:43,590 --> 03:31:53,010 | never been before. Because he's going to know, she don't need to be with me. Like she, she makes real bread. And she chooses to be with me. And she's |
| 1255 | 03:31:53,010 --> 03:32:01,890 | monogamous with me. And I'm content and I love this woman because she could be somewhere else and she's choosing me. How's that for a life lesson? You have to |
| 1256 | 03:32:02,190 --> 03:32:10,710 | think about young men, because a lot of times you're thinking about your dick. Okay, and women aren't thinking about their dick. They're not thinking about |
| 1257 | 03:32:10,710 --> 03:32:18,780 | your dick, they will manipulate you with your dick. And maybe you never thought I'd go to here. But this is this is the reality of it, folks. People are human. |
| 1258 | 03:32:19,650 --> 03:32:30,060 | And relationships are manipulated. And sometimes we pretend we're in love, just to cope. But when you start really making real money, it might open your eyes |
| 1259 | 03:32:30,060 --> 03:32:40,830 | up. Do you really love the person you're with? Or are you just codependent? And are they really loving you like you should be loved. Because if you're not |
| 1260 | 03:32:40,830 --> 03:32:49,860 | really bringing anything to the table, I can tell you most men, most men don't view women as equal in a relationship. They just think that they should be |
| 1261 | 03:32:49,860 --> 03:33:02,430 | subordinate all the time. And that's unfortunate, because that causes the relationship to be lopsided. And subservient women, almost to a fault will stay |
| 1262 | 03:33:02,430 --> 03:33:13,260 | in that codependent relationship. And if you have the ability to make this kind of money independent of your spouse, it will force them to rise to the occasion |
| 1263 | 03:33:13,260 --> 03:33:23,970 | and be a better man. For you can escort them out the door and say, I really don't need you. Because you're holding this family unit back. You're welcome to |
| 1264 | 03:33:23,970 --> 03:33:32,040 | be a part of this family. And I want you to be a part of this family. But if you're doing you're going to be toxic, or if you're not going to be wholesome. |
| 1265 | 03:33:33,180 --> 03:33:42,510 | We don't need you. We don't need your paycheck. And a real man would see that and identify that and say, You know what, this, this is a queen, this is a woman |
| 1266 | 03:33:42,510 --> 03:33:50,070 | that I want to be with. This is someone that would love they would treasure this woman. I have her right now. And I have not been giving her like that. That's |
| 1267 | 03:33:50,070 --> 03:34:03,120 | how I feel. I'm talking right out of my heart right now. I have a good wife. I have a good wife. And I would hate. I mean, I don't think I've been a terrible |
| 1268 | 03:34:03,120 --> 03:34:14,010 | husband. And I've done what a husband should do, obviously. And we share time together, but she wants more of it. And it's not wrong for her to want more of |
| 1269 | 03:34:14,010 --> 03:34:24,900 | it. And it's not selfish for her to want more of it. And I'm making myself available. She's been very forgiving and allowing me to spend time with all of |
| 1270 | 03:34:24,900 --> 03:34:34,530 | you and doing the things that I do with you. But she knows there's a there's a deadline. So she's comfortable with that. And I've never given her a deadline |
| 1271 | 03:34:34,530 --> 03:34:46,440 | where I said I'm going to be done. It is done in November, the second week of November. We're done in 2023 ICT is done. I will not be doing these types of |
| 1272 | 03:34:46,440 --> 03:34:54,990 | things anymore. And I want you to know that I will be happy not doing these things. Because I will be doing the things I should have been doing more of with |
| 1273 | 03:34:54,990 --> 03:35:05,490 | my wife and my children. And I want you to learn that from me. Don't repeat Good, don't do that. Don't discover how painful it is for me. For yourself |
| 1274 | 03:35:05,490 --> 03:35:15,570 | having done the same things, don't do that. Do a better job of balancing your personal life. That's the whole reason why I put that 1440 video series up is |
| 1275 | 03:35:15,570 --> 03:35:24,720 | not a filler, but that that's valuable information, I wish I would have learned that in my 20s I would have been much more effective, much more fluent, |
| 1276 | 03:35:26,190 --> 03:35:40,080 | successful, and more at peace and wouldn't had all the anxiety I have created myself with all this shit. Success is easy to get. It's hard to manage. If |
| 1277 | 03:35:40,080 --> 03:35:53,250 | you're not prepared for it mentally, it's very, very hard. And if you're a person that is I'm trying to say this, I don't want to sound bigger than I am. |
| 1278 | 03:35:53,250 --> 03:36:09,210 | Because I'm really not that big of a deal. But I'm cognizant of the fact that the level of recognition I am getting now, I'm uncomfortable with it. And you |
| 1279 | 03:36:09,210 --> 03:36:20,850 | have to make allowances for that. Because if it's your pursuit to become, you know, somebody in this industry, be prepared to not want it when it's being |
| 1280 | 03:36:20,850 --> 03:36:27,810 | introduced to you. Because it's it's something that I have discovered, you know, when I was younger, I would have never imagined feeling the way I feel about it |
| 1281 | 03:36:27,810 --> 03:36:41,970 | now. But I feel adamant. I don't want to be someone like that. And I mean to the average person walk around out here, if I went into a store, they're not going |
| 1282 | 03:36:41,970 --> 03:36:52,320 | to say, oh, yeah, that's that guy and service trader. But someone that's in trading, like Forex, and whatever. They may recognize me, they say, Hey, look, |
| 1283 | 03:36:52,590 --> 03:37:02,760 | there's aren't you ICT or if they hear me talking and say and whatever. That hasn't happened, thankfully. But I don't want it to happen. Because I would |
| 1284 | 03:37:02,790 --> 03:37:14,250 | really be uncomfortable. And the one student that I have, that is a student of mine. I asked, he asked rather if he could meet me and I met him in the parking |
| 1285 | 03:37:14,250 --> 03:37:25,050 | lot of my high school. And if he was honest, and he was here, he would tell you, you could clearly see I was uncomfortable. But there was an ulterior reasons for |
| 1286 | 03:37:25,050 --> 03:37:34,440 | me to have that meeting too. But putting that aside, I am very introverted. I may not sound like I'm an introverted when I get on these spaces, because I'd |
| 1287 | 03:37:34,440 --> 03:37:45,780 | let myself just tear up and go. But in public, I'm wrestling with myself all the time. And that's what causes me to be introverted, because my mind is racing |
| 1288 | 03:37:45,780 --> 03:37:57,750 | 1000 miles an hour. And there's 1000 intrusive thoughts going in my head all the time. So imagine, you are approached by someone that just simply wants to say hi |
| 1289 | 03:37:57,750 --> 03:38:08,160 | to you, or meet you, or just say thank you very much, it would be unsettling for me. Because I personally don't know who you are, to the way the world is today. |
| 1290 | 03:38:08,220 --> 03:38:16,110 | You could use that just to get close enough to me and hurt me or my family. And you're gonna die. If you did that, get just letting you know that you will, you |
| 1291 | 03:38:16,110 --> 03:38:28,650 | will be validated. Okay, don't don't do that type of thing. Because I don't know what your intentions are. And I don't want that I'm not having an open |
| 1292 | 03:38:28,650 --> 03:38:38,370 | invitation for people to come in and want to shake my hand and meet me. And I'm not comfortable with that. Not because I wouldn't appreciate it nor for I'm |
| 1293 | 03:38:38,370 --> 03:38:44,460 | against you having that experience. I just don't feel comfortable. And I think if you really put some thought behind, you would appreciate what I'm saying and |
| 1294 | 03:38:44,460 --> 03:38:52,950 | why I'm saying it. Because it's just you know, I'm a person with a family. And I don't want to lie close to my family that could potentially hurt them. And |
| 1295 | 03:38:52,950 --> 03:39:04,620 | anybody would be like that. So anyway, I'm done. So hopefully you got something from it. If not, Lisa, helps you get through your day a little bit. If you are |
| 1296 | 03:39:04,620 --> 03:39:13,980 | doing some yard work or whatnot, give me something listen to maybe give you some things to think about. For those that are YouTube channel operation, I gave you |
| 1297 | 03:39:13,980 --> 03:39:24,660 | a task if you choose to accept it. And I've covered some things that hopefully will align you with what it is you have to wrestle with as a trader. It's a lot |
| 1298 | 03:39:24,660 --> 03:39:33,750 | more than just what you see in the chart, and what you expect to see in price action. So with that, I friends, I will wish you a very, very pleasant Memorial |
| 1299 | 03:39:33,840 --> 03:39:42,660 | Day. If you're celebrating it, you'll be safe. Don't drink and drive. And I will touch base with you tomorrow, Lord willing. Until then, be safe. |