Last modified by Drunk Monkey on 2023-07-30 06:26

Show last authors
1 == Outline ==
2
3 034-ict-tw-spaces-20230721-How-To-Avoid-Failing-In-Trading-original
4
5 ##00:52 -## How to avoid failing in trading.
6
7 - Good morning and welcome to the show.
8 - Today's topic, how to avoid failing in trading.
9
10 ##02:38 -## How to avoid losing money?
11
12 - The importance of being a trailblazer.
13 - How to get over self-doubt.
14 - Focus on the upside and stay motivated.
15 - The number one thing to avoid failing.
16 - Bipolar disorder and how it affects his trading.
17 - The importance of not pushing the button.
18
19 ##09:54 -## Looking at temporary setbacks as definitive failure.
20
21 - How to avoid temporary setbacks in trading.
22 - The tax man will come for every trader.
23 - The early part of a trader's career.
24 - Pursuing excellence, not gambling or depression.
25 - The candlestick chart is left to the individual.
26 - There is no sugarcoating it.
27
28 ##16:36 -## Failure is a choice and it’s a choice.
29
30 - Failure is a choice, but it's a choice.
31 - The psychological elements of being right and wrong.
32
33 ##19:32 -## It’s not easy being a trader.
34
35 - You are the only control mechanism in this game.
36 - Your son went through seven combine trades.
37 - Trading is like a video game.
38 - Females are better traders than males.
39
40 ##24:42 -## Do what you want to do and be private.
41
42 - Michael and Tarzan talk about his wife.
43 - Michael and his son talk about trading.
44 - The importance of having the right mindset.
45 - The first initial shock and pain.
46 - Losing 50% of his trade in one night.
47 - How to avoid failing.
48
49 ##31:59 -## You’ll never have a following on social media.
50
51 - The millennial mindset is a flawed mindset.
52 - One full year of study is the minimum.
53 - The little bit can multiply and magnify exponentially.
54 - Success is not the limit.
55 - The 22 year old mindset, chasing the instagram lifestyle.
56 - How to be sustained by trading.
57
58 ##39:41 -## Don’t be afraid to make money.
59
60 - The silver bullet to making money on optimal trade entry.
61 - Having one approach to trading.
62 - Three highly visual models that are easy to see.
63 - The one approach that suits you perfectly.
64
65 ##43:18 -## How to deal with losing trades.
66
67 - Losses don't change the model being effective.
68 - The silver bullet, model 2022.
69 - Making real money, not demo dollars.
70 - Don't rush through the funded combine challenge.
71 - How to avoid getting caught up in image marketing.
72 - How to trade live e-mini nasdaq.
73
74 ##50:09 -## What’s your thirst?
75
76 - Chasing image, chasing success, chasing an image.
77 - Building an empire, quietly drawing attention.
78 - The definition of being rich and not needing to trade.
79 - Inversion fair value gap.
80
81 ##54:55 -## It’s a simple tax and a simple way out.
82
83 - Trading is a simple tax, period.
84 - The one thing that will amplify the pain.
85 - Develop discipline and keep your mind in the game.
86 - How to navigate the hard right edge.
87
88 ##01:01:23 -## How to reward yourself when you win.
89
90 - How to reward yourself for making money.
91 - How emotions play a role.
92
93 ##01:04:33 -## You can’t time your success.
94
95 - Nobody can time their success.
96 - The importance of focusing on one step at a time.
97 - You have to go out there and back test.
98 - The model 2022 mentorship program.
99 - How to become a better person than you are right now.
100 - How trading magnifies negative tendencies.
101
102 ##01:11:37 -## What happens if you’re not in a relationship?
103
104 - Struggling in a one-income household.
105 - A woman who wants to be with a man.
106 - Being your own independent wealth-creating enterprise.
107 - Trading is a conduit to feeling better.
108 - Going back to the slave driver culture.
109 - Every job has a salary ceiling.
110
111 ##01:18:44 -## Looking at the 547 nasdaq.
112
113 - Looking at the 1:30am low on the Nasdaq.
114 - The five-minute chart of Nasdaq
115 - Back and forth candles, back and forth.
116 - One minute chart on nasdaq fair value gap.
117
118 ##01:24:46 -## Why don’t you just do this once?
119
120 - The optimal way of learning to trade.
121 - The central tenants of trading.
122
123 ##01:26:55 -## Identify where the market is likely to draw.
124
125 - Identifying where the market is going to draw to.
126 - The first step to avoiding failure.
127 - The missing recipe to time doing it experience.
128 - Risk management and risk management.
129 - How to trade with one micro-contract.
130 - The imaginary oasis that exists in trading.
131
132 ##01:33:35 -## The most important thing to do when starting out.
133
134 - Understanding where the draw-on liquidity is in the chart.
135 - Positive self-talk is important.
136 - How to manage risk and become a break-even trader.
137 - The highest probable outcome is breakeven.
138 - Toxins are guaranteed to cause lung cancer.
139 - The first growth learning curve.
140
141 ##01:40:35 -## Mentorship vs. mentorship.
142
143 - Lessons learned from mentorships and mentorship.
144 - The first mystery in trading.
145
146 ##01:43:42 -## How to identify the points of entry.
147
148 - You are messing it up in the beginning.
149 - Mentorship is a waste of time.
150 - Worried about entries and finding an entry technique.
151 - Gold is an event-driven market.
152 - How to overcome the fear of spread betting.
153 - The easiest way to get through the initial learning curve.
154
155 ##01:50:49 -## Can you trade with no bias?
156
157 - Nasdaq range on a five minute chart.
158 - How to create a price swing.
159 - I didn't expect this to happen.
160 - The inversion fair value gap.
161 - The four gradient levels of the five-minute chart.
162 - Unbalanced bias and efficiency.
163
164 ##01:57:59 -## How to backtest the opening range.
165
166 - Saving time by not doing a video today.
167 - One minute chart on Nasdaq.
168 - How the market reacted to the inversion vega.
169 - How the model 2022 works.
170 - How to trade a one minute candlestick.
171 - How to get to the bottom of the chart.
172
173 ##02:04:46 -## The fair value gap on the chart.
174
175 - How to use the model 22 model.
176 - The fair value gap on Nasdaq.
177
178 ##02:07:41 -## The inversion fair value gap.
179
180 - Inversion fair value gap and inversion fairvalue gap.
181 - Lowe's price action in the 1003 level.
182 - One minute candlestick chart on a one minute chart.
183 - 25 handles a day in nasdaq.
184
185 ##02:13:28 -## How to identify opportunities on the chart.
186
187 - How to identify opportunities in a chart.
188 - How to look at charts visually.
189 - Risk disclosure is important, but so are the risks.
190 - One minute chart of nasdaq.
191
192 ##02:19:16 -## Intraday liquidity and fair value gap.
193
194 - Hair of the dog, a pretty handsome run.
195 - Intraday liquidity, below the 1003 level.
196 - The algorithm refers back to the 1030 low.
197 - The handshaking aspect of the algorithm.
198
199 ##02:24:20 -## The fair value gap gap.
200
201 - How to trade the 15,005 47 low.
202 - How to use the fair value gap.
203
204 ##02:27:39 -## Liquidity is like a magnet.
205
206 - Using liquidity and premium/discount inefficiencies as a catalyst.
207 - Magnetism is like a magnet.
208 - Bicep liquidity in the present range.
209 - Fibonacci numbers for the day.
210
211 ##02:34:15 -## The fair value gap and silver bullet.
212
213 - Gravitating towards the inversion fair value gap.
214 - The model 2022 entry at 945.
215 - Another opportunity to get into the silver bullet at 955.
216 - Fair value gap.
217 - Market spools lower from 1055 to 1055, then rallies back up.
218 - Fair value gap.
219
220 ##02:41:05 -## Trading without a bias.
221
222 - Trading without a bias, back and forth trading.
223 - Multiple entries at 50% of the fibonacci trading range.
224 - Measuring the market with common sense.
225 - What to look for going forward.
226
227 ##02:46:56 -## It’s like therapy for me.
228
229 - Social media is like therapy for me.
230 - Financial independence is not complete financial independence.
231
232 ##02:49:52 -## Working hard to avoid failure.
233
234 - Avoiding the things to avoid in his presentations.
235 - The importance of being a voice of reason.
236 - Being a responsible and profitable individual.
237 - Being a menace on social media.
238
239 ##02:55:10 -## The most difficult thing in the world.
240
241 - Trading is one of the most difficult things in the world.
242 - Mentorship is difficult.
243 - Watch how all of you develop.
244 - Hitting 1 million subscribers on youtube.
245
246 ##03:01:40 -## Looking at the fair value gap.
247
248 - Fair value gap at 1001 on the one minute chart.
249 - Nasdaq inversion inversion.
250 - Two boxer deliveries coming to the house next Thursday.
251 - The Saturday shut-down.
252
253 == Transcript ==
254
255 (% class="hover min" %)
256 |1 |00:00:52,020 ~-~-> 00:01:01,500 |ICT: Good morning, folks. How are you? Hope everybody's still on? Well. Twitter was acting up a little bit. I'm not sure what was going on. But if you could
257 |2 |00:01:01,500 ~-~-> 00:01:08,640 |just give me a heads up, let me know tweet to me directly. Don't reply to the link to this Twitter space. I just want to make sure you guys can hear me.
258 |3 |00:01:11,970 ~-~-> 00:01:14,730 |Audio. Okay, can you see me? Can you hear me rather?
259 |4 |00:01:27,960 ~-~-> 00:01:43,050 |Thank you, Hank. Alright, so a little bit of an impromptu. Going through a little bit of withdrawal, not being able to talk about the markets. A fasted
260 |5 |00:01:43,050 ~-~-> 00:01:55,530 |yesterday from social media. And I just wanted to sit down with you for a little bit before we open up at 930. So we'll talk for about 45 minutes or so now,
261 |6 |00:01:56,130 ~-~-> 00:02:11,040 |close this one and turn my attention over to live price action. But the title of this one today is how to avoid failing in trading. I have done this for a long
262 |7 |00:02:11,040 ~-~-> 00:02:27,480 |time, I can tell you, the most painful lessons are the ones that I resisted most. And you probably will do that too. As a developing student, as a breakeven
263 |8 |00:02:27,480 ~-~-> 00:02:44,610 |trader, a trader that maybe sometimes makes money and gets excited and then loses it. You're gonna go to a lot of different pathways off the main, well
264 |9 |00:02:44,640 ~-~-> 00:02:57,720 |beaten path, and I'm laying in front of you, you're all going to try to do your own little thing, that's normal. But it's important for you to realize that that
265 |10 |00:02:57,720 ~-~-> 00:03:11,880 |impulse, that tendency, if you will, to want to be the guy or the gal, the person that trailblazers, it makes it a new path, it branches off into a
266 |11 |00:03:11,880 ~-~-> 00:03:28,920 |different direction goes here goes there. If you don't have the experience, doing it, that's a gamble. Might be very adventurous, might be fun, might be one
267 |12 |00:03:28,920 ~-~-> 00:03:43,110 |of those adrenaline rushes in like a lottery, you might be able to pull something off. It just might happen. But most of time, it won't. So when I or
268 |13 |00:03:43,110 ~-~-> 00:03:56,640 |anyone else that had gone through things, and learn value valuable lessons that my intentions are to spare you the pain and that monetary loss and the doubt,
269 |14 |00:03:56,910 ~-~-> 00:04:04,860 |the doubt that, you know, if you try to do it too quickly, and you fail, it's real easy to say, I can't do this. I won't be able to do this, I'm not going to
270 |15 |00:04:04,860 ~-~-> 00:04:14,610 |be profitable, Carl's gonna be correct. And I'll be working next to him in his cubicle for the rest of my life. That's a lie. That's something that you're
271 |16 |00:04:16,350 ~-~-> 00:04:31,350 |inviting to be your reality, but it isn't really your reality. It's just a result. It's a result of you doing the incorrect things and trying to skip over
272 |17 |00:04:31,350 ~-~-> 00:04:44,640 |the necessary lessons and I want to talk a little bit about what I observed with my son when he was trying to do the top step combine and talking to him,
273 |18 |00:04:45,060 ~-~-> 00:04:59,970 |listening to his reasons for what he was trying to do and what he was wanting to overcome and what was the feelings afterwards and counseled him to telephone
274 |19 |00:05:00,000 ~-~-> 00:05:15,630 |goes on and how to get over that. Because now he has that scar tissue that inability to have that fresh mindset where, yeah, you might lose money. But
275 |20 |00:05:15,630 ~-~-> 00:05:29,250 |let's not focus on that let's focus on all the upside and stay motivated. That's very difficult. That's very, very difficult to do when you fail. When you lose,
276 |21 |00:05:29,400 ~-~-> 00:05:41,010 |when you blow an account, when you fail a combine, or if you get funded. And then once you get to find that account, you lose the plot, you lose focus, and
277 |22 |00:05:41,010 ~-~-> 00:05:52,530 |you're so much in a hurry. This is to get to a level where you can ask for a payout. Because you need to feel like you've done something, well, you have done
278 |23 |00:05:52,530 ~-~-> 00:06:04,980 |something you've grown. And you have to be able to appreciate those mile markers. And that's the number one thing you do is you log you journal, every
279 |24 |00:06:04,980 ~-~-> 00:06:13,830 |time you climb to a new plateau of understanding and growth in your understanding about yourself as a trader, because that's the that's the factor.
280 |25 |00:06:13,860 ~-~-> 00:06:22,950 |That's the thing you don't see coming. That's the thing that's going to hit you from the from the blind side, it's going to derail you. It's not me, it's not me
281 |26 |00:06:22,950 ~-~-> 00:06:29,610 |holding back a lesson. It's not somebody else selling a course, it's not somebody else giving you a signal, because it's ultimately you that will undo
282 |27 |00:06:29,610 ~-~-> 00:06:43,080 |you and you don't see it common. When you first start doing this, you don't really repre you don't appreciate the risk. You don't, nobody I didn't. I
283 |28 |00:06:43,080 ~-~-> 00:06:57,270 |didn't, I did not. And nobody does. And the number one thing you have to understand to avoid failing and trading is that you have to have the mindset
284 |29 |00:06:57,270 ~-~-> 00:07:10,830 |that this is for you. It's just like anything else, you're not going to, you're not going to be 100%. And one of the lessons I taught, well, I talked about this
285 |30 |00:07:10,830 ~-~-> 00:07:27,450 |many times, but when I'm not able to focus, if I'm having a period of time, or I'm having a lot of different mood swings, because of my bipolarism it's hard
286 |31 |00:07:27,450 ~-~-> 00:07:39,540 |for me to wrestle that. And sometimes because of real life, it may be a relationship issue that my wife and I are wrestling through because of a child.
287 |32 |00:07:40,410 ~-~-> 00:07:50,490 |Or it may be, you know, like recently, I've lost one of my pets. And that is very hard for me. So I've been angry, I've been trying to replace that, that
288 |33 |00:07:50,550 ~-~-> 00:08:06,150 |absence of not having her and wanting to do something else to make myself feel better. And going into the marketplace. You I know that my mind isn't going to
289 |34 |00:08:06,150 ~-~-> 00:08:19,170 |be clear. And I'm wanting to find a victim, I want to go out there and smash them i upside the head and take something from them. Because I'm hurting when
290 |35 |00:08:19,170 ~-~-> 00:08:30,600 |you do these types of things. And when you do these things in your trading or trying to pass combine is trying to push your funded account because maybe
291 |36 |00:08:31,110 ~-~-> 00:08:41,670 |you're angry about missing an opportunity. Or you're angry because you took a loss. And you regret it because you knew in the back of your mind. That
292 |37 |00:08:41,670 ~-~-> 00:08:49,770 |conscience was telling you don't don't push the button. This isn't the best trade idea for you. And you're really not looking at your model, you're just
293 |38 |00:08:49,770 ~-~-> 00:09:01,650 |looking at, oh, it might go up there. Or it might go down here. And many times in sending a tweet with just simply a number one. If you've been there before,
294 |39 |00:09:01,650 ~-~-> 00:09:12,630 |where you just felt like you had to do something. Gotta get into a trade. It's not your model. You have no idea really what's going on, but you just think it's
295 |40 |00:09:12,630 ~-~-> 00:09:22,500 |gonna go up for about five to 10 handles, or maybe near 10 to 15 pips. And that's really not your model. But you just want to get in there and do
296 |41 |00:09:22,500 ~-~-> 00:09:30,810 |something. And if you win, well, it's just like having a scratch off in the lottery. Chances are you're not going to make any money but knew what happens if
297 |42 |00:09:30,810 ~-~-> 00:09:40,320 |it does. That'll really make my day good. At a really brighten up my day, that would really lift my spirits because, you know, the universe opened up its
298 |43 |00:09:40,350 ~-~-> 00:09:50,490 |graciousness to me and gave me something I didn't deserve. And it's going to make me feel good, but it won't. It won't. Because as soon as you do that,
299 |44 |00:09:51,780 ~-~-> 00:10:00,930 |you're gonna feel like wow, maybe I'm on a roll today. Let me go do it again. And then you'll lose their chance. So that's game Only these are things that
300 |45 |00:10:00,960 ~-~-> 00:10:11,610 |people do. And this is exactly what I did when I was younger. 20 years old, I did these things impulsively. Because I was not happy where I was at in my life.
301 |46 |00:10:12,330 ~-~-> 00:10:22,500 |I wanted to get back with my first wife, I wanted to have more money, I wanted to have a sense of accomplishment. And I didn't want to do the things that I saw
302 |47 |00:10:22,500 ~-~-> 00:10:31,140 |the rest of my family doing, which is work the rest of their life for nothing. And even though they had homes, and they had automobiles, swimming pools, and
303 |48 |00:10:31,140 ~-~-> 00:10:39,690 |they won vacations, these individuals have always been since then. And still today, the most miserable people I've ever met in my life. So I didn't want to
304 |49 |00:10:39,690 ~-~-> 00:10:56,790 |be like them. So the way you avoid failing in trading is not looking at temporary setbacks as definitive failure. That's the problem with why everyone
305 |50 |00:10:56,790 ~-~-> 00:11:08,370 |wants to avoid a losing trade. Because you, you classify that as a failure. Well, not really ICT, you're really making an extreme end of that. No, in your
306 |51 |00:11:08,370 ~-~-> 00:11:22,770 |mind, that's exactly how you see a losing trade, a failure. No, know. That was a tax on your participation in the marketplace. You can't escape it, the tax man
307 |52 |00:11:22,770 ~-~-> 00:11:27,420 |will come for every one of us. And
308 |53 |00:11:28,830 ~-~-> 00:11:45,750 |as long as you're profitable, taxes are a nuisance. I could go on long. rant about that topic, but you can't avoid it. And if you spend your entire, early
309 |54 |00:11:45,750 ~-~-> 00:11:55,620 |part of your career, worrying about what happens if you take a loss or losses are going to draw down. You want to know what that feels like. But in the
310 |55 |00:11:55,620 ~-~-> 00:12:04,620 |beginning, you're trying to do everything you can to avoid that when that's the very thing that you need to have to test your mettle. You need to figure out who
311 |56 |00:12:04,620 ~-~-> 00:12:15,990 |you are as a trader in that environment, because that is the battlefield. That's where it all happens, folks. The people that succeed and keep going and make
312 |57 |00:12:15,990 ~-~-> 00:12:25,530 |more and more money and are consistently profitable over a long period of time not let me just get a payout. Let me just get a payout. Let me get my
313 |58 |00:12:25,530 ~-~-> 00:12:34,290 |certificate. Let me get up there on social media and say I took out $1,000 10,000 25,000 Whatever it is, like that's, that's the pinnacle of your
314 |59 |00:12:34,290 ~-~-> 00:12:45,600 |career. And that's, that's the, the visibility you have right now. When you first start, I need to get my first payout. When your whole mindset should be, I
315 |60 |00:12:45,600 ~-~-> 00:12:59,700 |need to get myself sorted. So that way my entire life is pursuing excellence. I'm not gambling, I'm not trying to go out there and trying to replace a
316 |61 |00:12:59,700 ~-~-> 00:13:11,460 |discomfort or depression. Like I'm, I'm physically I'm depressed right now. And I wrestle with that. So I know if I go into the marketplace. And I do I'm
317 |62 |00:13:12,000 ~-~-> 00:13:24,630 |capable of doing many times which is club price over the head, like a caveman and drag it back to my cave. I may not be seeing something trying to do
318 |63 |00:13:24,630 ~-~-> 00:13:34,800 |something impulsively, to get a rise out of all of you on social media, and that will suit temporarily soothe the depression. I'm feeling because I lost a loved
319 |64 |00:13:34,800 ~-~-> 00:13:49,590 |one. So you have to be very careful what you do. And guard your mind because if you go into these charts, they're like inkblots, you go to see a psychiatrist.
320 |65 |00:13:50,580 ~-~-> 00:14:02,190 |I've never been the one so so when you're writing a budget, you need ICT, you need a good shrink. No, I don't. They're not going to fix me okay? But an
321 |66 |00:14:02,190 ~-~-> 00:14:14,190 |inkblot is left to your own interpretation. There is no right answer. But the psychiatrists will take that information and they will be able to determine how
322 |67 |00:14:14,190 ~-~-> 00:14:32,730 |you think Where does your mind gravitate to? And in these candlestick charts, they're going to present what you are wanting to see. Okay, in that chaos, that
323 |68 |00:14:32,730 ~-~-> 00:14:45,120 |randomness is many times the agent that is fooling most of you. Because you're you're taking something internally, and you're manifesting it in the charts.
324 |69 |00:14:46,770 ~-~-> 00:14:59,520 |I'll paint a scenario for you. When I was 20 I would have all these rocky themes in the back of my head. You know all these Rambo type scenarios where I'm I'm a
325 |70 |00:14:59,520 ~-~-> 00:15:10,680 |one man An army against everybody else out there. And that didn't help. It didn't help at all. But it was inspiration on beginning it gave me the
326 |71 |00:15:10,680 ~-~-> 00:15:20,310 |motivation to get in there and study. And eventually I found out what I'm supposed to be doing. But there's no sugarcoating it. And if you have pain, if
327 |72 |00:15:20,310 ~-~-> 00:15:31,050 |you have loss, if you're sick, if you're not feeling dialed in, if you just can't find your way to be focused on the chart, you're inviting, you're
328 |73 |00:15:31,050 ~-~-> 00:15:44,790 |absolutely in biting and setting a table for failure. You're inviting. So you have to be aware that you are going to do this to yourself, no one else is gonna
329 |74 |00:15:44,790 ~-~-> 00:15:55,890 |do it, your broker didn't do it. The lag on trade of eight and causing it all these little things. I read social media, I listened to people in live streams
330 |75 |00:15:55,890 ~-~-> 00:16:06,360 |talk about it, their chat window, and they keep hammering it, that means they're ate up with it. And that means that if they're left to their own devices, that
331 |76 |00:16:06,360 ~-~-> 00:16:16,530 |individual, that individual will go out there and do something in trading, push a button, because they're angry, and they want to be soothed. They want to be
332 |77 |00:16:16,800 ~-~-> 00:16:27,750 |reminded that, hey, you're not average. You're not like Carl, he's in there trying to be a career, man. You're going out there and you're trying to get
333 |78 |00:16:27,750 ~-~-> 00:16:36,660 |money. You're trying to get the bag, you want to secure the bag, you want to be a profitable trader, you want to carve out an identity outside of the rat race.
334 |79 |00:16:36,660 ~-~-> 00:16:51,360 |Everyone else goes and pursuits. But failure is a choice. It's a choice, folks. Nobody makes you go in there and take another trade when you had a losing trade.
335 |80 |00:16:52,590 ~-~-> 00:17:03,420 |Nobody tells you, hey, you just took three losses. It's probably enough for today. You should stop. No, no, they're not going to be around to do that. You
336 |81 |00:17:03,420 ~-~-> 00:17:13,830 |have to say this is it, I have to stop. I can't do it. I can't take another hit today. So I have to stop. Even though I can trade even though I can put another
337 |82 |00:17:13,830 ~-~-> 00:17:25,170 |trade on. I have to stop. Because what I'm doing, I'm getting more emotional about the results. Whereas my lectures and when I'm teaching, teaching and
338 |83 |00:17:25,170 ~-~-> 00:17:39,180 |talking to you the psychological elements, the tug of war aspect of being right and wrong, and both of them both of them are toxic. You can be in a lot of pain
339 |84 |00:17:39,240 ~-~-> 00:17:52,470 |while in drawdown. But you can also be in a lot of pain while being in profit. And in a profitable trade. Some of you don't even know what that feels like. But
340 |85 |00:17:52,470 ~-~-> 00:18:01,800 |when you're there for the first time, you're gonna know Oh, my targets right there. It's just gotta go one and a half more handles, it's got to scope to more
341 |86 |00:18:01,800 ~-~-> 00:18:15,750 |pips cover the spread, please, please, please, please. You start praying to the chart. You're no longer an atheist. You believe in the candlestick gods. They
342 |87 |00:18:15,750 ~-~-> 00:18:28,530 |don't exist. But all that stuff that we do we cheerlead ourselves. Come on, baby, come on, give it to Daddy, come on. I facetiously do that sometimes in my
343 |88 |00:18:28,860 ~-~-> 00:18:42,030 |annotation says the T's. But as soon as you start looking at things like that you're inviting emotions and emotions are going to weigh heavily on what you do
344 |89 |00:18:42,030 ~-~-> 00:18:56,370 |in the future. How fast you're going to take the next trade? How much time will it take for you to take the next trade? Both ends of the spectrum. If you made
345 |90 |00:18:56,370 ~-~-> 00:19:08,400 |money. I want to go on it right now and do it again. That was amazing. Let's do it again. When you take a loss, Oh, crap. Well, I see this setup here. This is
346 |91 |00:19:08,400 ~-~-> 00:19:16,290 |the one I should have took, but I'm not going to touch it right now. And it runs goes right to where you thought it was going to be. And now you're regretting
347 |92 |00:19:16,290 ~-~-> 00:19:26,490 |it, you took a loss real? Then you saw something, you're scared to take it and it worked. So now you're gonna impulsively jump on the next thing. And that will
348 |93 |00:19:26,490 ~-~-> 00:19:44,010 |be the loss again. What's wrong? Is it your model? No. It's you the operator. You have to have a way and it's not easy folks. I'm not saying this. But you
349 |94 |00:19:44,010 ~-~-> 00:19:57,930 |have to constantly remind yourself that you are the only control mechanism. Every account out there that you open up whether it be a demo, a combine or a
350 |95 |00:19:57,930 ~-~-> 00:20:12,120 |Live account, all of them All of them are controlled ultimately by you. No one forces you to put a trade on and no one keeps you from taking a trade, fear and
351 |96 |00:20:12,120 ~-~-> 00:20:27,210 |greed are the drivers in this game. And these are the kinds of discussions that I get most people just say, oh, yeah, this isn't worth listening to. And these
352 |97 |00:20:27,210 ~-~-> 00:20:34,140 |are the same people that will be around on social media two years from now. And if they're asked point blank, and they were honest, are you making money
353 |98 |00:20:34,140 ~-~-> 00:20:44,160 |trading, they're not. And they have no idea what they're doing. They haven't pursued one approach or anything. But they want to use social media, just like a
354 |99 |00:20:44,160 ~-~-> 00:21:01,500 |trader will use the charts and trading to replace whatever the fill that void, anger, breaking up with a person in a relationship, losing someone getting
355 |100 |00:21:01,500 ~-~-> 00:21:08,610 |fired, you're angry, you're charged up and you want to remind yourself that you're human, it's your ally, this isn't the end of the road, I want to have
356 |101 |00:21:08,610 ~-~-> 00:21:16,770 |something else to focus on besides this, please give me something to distract myself. Well, a winning trade, that's the best thing to distract you. And it's
357 |102 |00:21:16,770 ~-~-> 00:21:27,840 |not. I'm promising you this now. Even if you get it right, and you make money, you won't be satisfied, you'll do it again. Now,
358 |103 |00:21:28,620 ~-~-> 00:21:44,250 |let's segue over to how my son was handling himself. He asked his older brother if he could use a combine, because he didn't realize he could do it himself. So
359 |104 |00:21:44,250 ~-~-> 00:21:53,550 |killed him. And he went through like seven of them. Fail, fail, fail, fail, fail. Just don't know, tray, never really learned how to trade. He's just
360 |105 |00:21:53,550 ~-~-> 00:22:03,720 |recently this year, sat down and said looking, I want to, I want to do it. Okay, great. But he wanted it to be like video games. Get in there. And it's just
361 |106 |00:22:03,900 ~-~-> 00:22:17,370 |easy. And he realizes that there is a cause and effect. That even though you might be on these live Xbox games, where you're playing with other people, and
362 |107 |00:22:17,370 ~-~-> 00:22:32,190 |you hear him talking to you, and they can talk smack to you or whatever. You're by yourself here. You're in your room, all by yourself. There's no echo. There's
363 |108 |00:22:32,190 ~-~-> 00:22:52,200 |no one heckling you. It's just you. And when you don't do things correctly, you see the instant feedback that you are not correct. As a young man used to doing
364 |109 |00:22:52,200 ~-~-> 00:23:02,520 |well and the things that he does? Well, I'm gonna do harder next time, I'm gonna go in there and do it more and do it more and do it more. And each time, fail,
365 |110 |00:23:02,520 ~-~-> 00:23:15,720 |fail fail. Now, mind you, he doesn't know how to trade. He has no idea what he's doing it. But he wants to go out there and say, look, I can even do this. Don't
366 |111 |00:23:15,720 ~-~-> 00:23:28,800 |do this. It's just like a video game. Wanting to prove me wrong. My oldest son tried to do crypto didn't work. You can you can talk yourself into as a young
367 |112 |00:23:28,800 ~-~-> 00:23:36,870 |man, you can talk yourself into thinking you can do a whole lot more than you really can. And again, I go back to this is the reason why females are better
368 |113 |00:23:36,870 ~-~-> 00:23:53,430 |traders. Gentlemen, you're bigger risk takers, and bigger risk taking aspect that males usually have because it's all about measuring up. I never look at
369 |114 |00:23:53,700 ~-~-> 00:24:06,900 |over leveraged trades. And whatever bankroll that comes from that. That is intermittent success. That to me is absolutely bull shit. That's equivalent to
370 |115 |00:24:06,900 ~-~-> 00:24:20,910 |someone to go out to casinos pull down the arm of what's called a jackpot. I can never remember Amy's name things. 302 I thought well, you know, on top mount,
371 |116 |00:24:21,420 ~-~-> 00:24:31,050 |it's equipped with any of that gambling, and you win. Where's the skill in that? Anybody that would have had an over leveraged trade in that circumstance, and
372 |117 |00:24:31,050 ~-~-> 00:24:46,020 |they're correct. Oh, great. That doesn't mean that you're a good trader. Females and my best student is a woman. This person and everyone like her. They're not
373 |118 |00:24:46,050 ~-~-> 00:24:54,270 |out there trying and you all want to know who she is and she's not interested in talking to you. She's just living her life doing what she wants to do. And she's
374 |119 |00:24:54,390 ~-~-> 00:25:07,890 |extremely private. But she's never one time so Hey, Michael, check this out, boom, look at that. Never, not one time, I had to ask her. I had to. I felt
375 |120 |00:25:07,890 ~-~-> 00:25:17,130 |uncomfortable asking her, can you show me what you've been doing? And she was modest about it. Like, she was apprehensive, like, I really don't want to do
376 |121 |00:25:17,130 ~-~-> 00:25:25,860 |because she thought that, me seeing what her results were wasn't going to be enough in my eyes. And it would give her something to be concerned about. And
377 |122 |00:25:25,860 ~-~-> 00:25:33,960 |when I saw her research results, I was like, What the hell? That's amazing. That's really good. Which was great. But she didn't take that and say, That's
378 |123 |00:25:33,960 ~-~-> 00:25:46,860 |right, Tarzan. Look at me. They want that. I don't want to. And for the folks that are talking about Yes, I am absolutely. Starting in November. I don't, I
379 |124 |00:25:46,860 ~-~-> 00:26:00,750 |don't need this. I don't like this. All the attention, all the adoration just doesn't feel right for me. I don't like it. So I'm just trying to get through
380 |125 |00:26:00,750 ~-~-> 00:26:13,170 |it. In November, I'm going back to my personal life. But my son wrestled with wanting to be right. He wanted to be able to come back and say, Dad, I did this,
381 |126 |00:26:13,170 ~-~-> 00:26:24,480 |that this did this. And then I figured it out. And this is what I did. Now I can do it. And his explanations were I just wanted to get through that part where
382 |127 |00:26:24,510 ~-~-> 00:26:38,460 |you get funded. I just want to get through that part fast. Tom, I said, what you were doing? Did you understand what you were doing by doing the maximum amount
383 |128 |00:26:38,460 ~-~-> 00:26:50,760 |of trading today, even though they say they will let you do it. That's not good advice. As like a drug dealer, you say, hey, look, I got some weed for you. But
384 |129 |00:26:50,760 ~-~-> 00:27:05,490 |if you really want to go high, gas and coke low Yeah, to left to their own devices, someone that's really on the edge of just wanting to do the most
385 |130 |00:27:05,490 ~-~-> 00:27:14,430 |extreme thing, they're gonna do the most extreme thing. And that's not helping that person. Okay, that's not a help. That's not someone out there, that's not a
386 |131 |00:27:14,430 ~-~-> 00:27:29,970 |company saying, We want to help you make money. So here, trade 15 contracts, you can only really lose $3,000. But hell, try 15 contracts where your friend were
387 |132 |00:27:29,970 ~-~-> 00:27:40,440 |looking out for you. Now you're not the statistics will absolutely guarantee that that person is going to do that stuff. They're gonna touch the thing that
388 |133 |00:27:40,440 ~-~-> 00:27:50,940 |not supposed to touch, you're gonna walk in, you're like me, Simon grass says don't walk on grass. Well, I'm gonna walk in on it. That's human nature. It's
389 |134 |00:27:50,940 ~-~-> 00:28:08,880 |absolutely human nature. And I understand, you know, what he's trying to do. And it's like, I guess if, if I would have had my father, or I have I had my
390 |135 |00:28:08,880 ~-~-> 00:28:20,640 |grandfather, alive at the time when I was first learning how to do this stuff. Um, he had passed away already. So I didn't have that. And I would have tried to
391 |136 |00:28:20,640 ~-~-> 00:28:33,810 |do those same things to try to impress them. But that's the part that just gets you in the door. It gets you to the dance. And I don't think that I would have
392 |137 |00:28:34,020 ~-~-> 00:28:50,070 |recognized the trap at the time as a 20 year old. If I would have been met with initial success. Doing those things. I'm glad that I failed. I'm glad I'm glad
393 |138 |00:28:50,070 ~-~-> 00:29:03,180 |that happened to me. Because I have a personality disorder that would have allowed me to never really learn. If I wouldn't have had that first initial
394 |139 |00:29:03,210 ~-~-> 00:29:17,070 |shock and pain. It wasn't enough for me to say, Oh, I'm never trading again. It just means okay. This is a whole lot more than I thought it was gonna be. I lost
395 |140 |00:29:17,100 ~-~-> 00:29:33,780 |50% of my trade. In one night in one sleep from one going to bed and one rising up. When that artists use market opened up, I had lost 50% of the option. The
396 |141 |00:29:33,780 ~-~-> 00:29:41,760 |premium I paid for that. I lost it overnight. And while I knew it was immediate, I didn't know what I was doing. I need to pull out tick to take the loss and go
397 |142 |00:29:41,760 ~-~-> 00:29:55,980 |back and figure out what I did wrong. Learn how to treat most of you probably wouldn't have never done that. I'm glad that happened. So the way you avoid
398 |143 |00:29:55,980 ~-~-> 00:30:09,750 |failing failure ultimately, let me define it for you Failing is you're never doing it again. That means you failed. You're not failing. If you go out and you
399 |144 |00:30:09,750 ~-~-> 00:30:20,820 |try, and you try to study and you things and you fall retest, and you blow your your demo account, that's not failing, you're learning so much, but you just
400 |145 |00:30:20,820 ~-~-> 00:30:30,420 |don't have a way of measuring it right now. You see it as, I'm never learning how to do this, I'm never going to be able to get this, I can't get past this
401 |146 |00:30:30,420 ~-~-> 00:30:38,640 |threshold. What's my barrier? Why can't I learn this quicker, that's the thing that you're doing. Here's a, here's the amazing thing that you don't realize.
402 |147 |00:30:39,330 ~-~-> 00:30:52,290 |Everybody goes through that. I went through it. dozens of times, I quit dozens of times. But in reality in my heart, if you were asking me at the time, because
403 |148 |00:30:52,290 ~-~-> 00:31:04,470 |there's nobody there next to me when I was 20 years old, not have a buddy, you know, a study partner, to say, hey, look, you know, stay encouraged. My
404 |149 |00:31:04,470 ~-~-> 00:31:10,770 |encouragement was getting up and going to work again the next day, and I was like, screw this. I'm going in, I'm studying more, I'm gonna study more on the
405 |150 |00:31:10,770 ~-~-> 00:31:20,760 |study more. So, failure is when you ultimately get to the point where you're done, you're never doing this again, you failed, and you absolutely failed. You
406 |151 |00:31:20,760 ~-~-> 00:31:28,440 |did. I didn't tell you, the market didn't fail you, somebody else has taught you how to trade didn't fail you, you failed you,
407 |152 |00:31:28,500 ~-~-> 00:31:39,600 |you did you stop, you gave up, you rang the bell, you went home, it's over for you. So that's failure. That was never in the cards for me. Once this bug bit me
408 |153 |00:31:39,720 ~-~-> 00:31:54,960 |1992 It was over. I'm become a mutant now. And I looked at these charts as a way of getting the hell out of the rat race. And I gave myself a 20 year program 20
409 |154 |00:31:54,960 ~-~-> 00:32:02,820 |years, it's going to take me 20 years to get where I can no longer have to go to work. That's what I'm subscribing to. You'll never hear somebody teach that
410 |155 |00:32:02,820 ~-~-> 00:32:15,270 |today. They'll laugh them off a YouTube, they'll they'll never have a following on social media, it would never happen. You got to have 50 R or higher baby or
411 |156 |00:32:15,270 ~-~-> 00:32:25,350 |nobody's going to your shit. Nobody's interested in you. Unless you're making all kinds of money, showing certificates and payouts and this that knowing
412 |157 |00:32:25,350 ~-~-> 00:32:36,390 |thing, or this person talk to you and this person interviewed you. All of that stuff is bullshit. All of it, and I'm proving it in November, I'm at the biggest
413 |158 |00:32:36,390 ~-~-> 00:32:46,530 |I've ever been in it don't fucking matter. I lived this stuff. And when you get to be successful, and you can do it too, you're gonna remember this. Because the
414 |159 |00:32:46,530 ~-~-> 00:32:57,360 |people that are still out there leeching on people, give me money, pay me pay me pay me, pay me, I'll teach you how to trade. They're fucking broke. Okay,
415 |160 |00:32:57,390 ~-~-> 00:33:05,730 |they're broke. And you're gonna pay more attention to the opinions of these types of people. Instead of this, simply listen to a guy that's been here
416 |161 |00:33:05,730 ~-~-> 00:33:14,160 |before, and have taken everybody that you see now, publicly. They're out there. They're showing him what they've done. The companies that have been paying them
417 |162 |00:33:14,190 ~-~-> 00:33:26,100 |or interviewing them. You have all the proof now that there's no reason for you not to dig your heels in and study. It's not going to happen for you fast. I
418 |163 |00:33:26,100 ~-~-> 00:33:36,780 |didn't tell you I was going to happen to overnight. You have to submit to a four year that's the minimum, because you'll know if it's in you or not. And most
419 |164 |00:33:36,780 ~-~-> 00:33:48,540 |people can't even do a year. So that's a person that's not equipped to learn. If you can't simply go through an observation of one full year, you want to be a
420 |165 |00:33:48,540 ~-~-> 00:33:57,690 |surgeon. You think they'd let you go out there and four month programming and start cutting on people. No way. You want to be a pilot? Oh, yeah. Go ahead and
421 |166 |00:33:57,690 ~-~-> 00:34:07,470 |try to you know, see what you can do. Show us your best attempt here getting here, the $30 million jet. Come on. Let's see what you got. It doesn't work like
422 |167 |00:34:07,470 ~-~-> 00:34:24,390 |that. But this habit right now mentality. That's a millennial mindset. It's a flawed mindset. And some of you don't like it, because I will. I'll tell you as
423 |168 |00:34:24,390 ~-~-> 00:34:31,320 |an old head, I will tell you straight up. You have your head up your ass, and you can't see things with the proper perspective in it offends you and pisses
424 |169 |00:34:31,320 ~-~-> 00:34:39,420 |you off. I don't give a fuck. Because you need to be corrected, not just in this but in every aspect of life because you think everything's owed to you. In this
425 |170 |00:34:39,420 ~-~-> 00:34:49,920 |business, you're going to work real real hard for a little bit in the beginning. But that little bit, you can multiply and magnify that exponentially and you
426 |171 |00:34:49,920 ~-~-> 00:35:01,260 |don't even realize that you don't need much. You don't need much. But you see these people out there that have leased cars ours. Now I don't have a problem
427 |172 |00:35:01,260 ~-~-> 00:35:09,360 |with leased cars. But these people out here they have leases. And they rent things, and he go on vacation, and they pretend that they live there, they don't
428 |173 |00:35:09,360 ~-~-> 00:35:21,810 |live there. They pretend to make all this money from the marketplaces, they don't. They get it from teaching. They get it from affiliate programs, all that
429 |174 |00:35:21,810 ~-~-> 00:35:31,470 |stuff. And I'm not kicking shit on them for doing it. Everybody needs to make their money. But my point is, is you're looking at that type of person,
430 |175 |00:35:32,310 ~-~-> 00:35:40,980 |thinking, I want to be like that, I don't want you to be like that, I want you to be able to go into the marketplace, make your ends meet. And if you want to
431 |176 |00:35:40,980 ~-~-> 00:35:55,920 |turn it into whatever you want to do beyond that, go for it. It's about making sure you don't need a paycheck, not get rich look, you can take what I've
432 |177 |00:35:55,920 ~-~-> 00:36:08,130 |taught, and turn it into whatever amount you want to turn it into the sky is not the limit. But you cannot absolutely cannot try to convince yourself that
433 |178 |00:36:08,130 ~-~-> 00:36:20,700 |success is only that it's not true. Because I guarantee you, if you were getting half of your bills each month, paid out of your trading, you wouldn't call that
434 |179 |00:36:20,700 ~-~-> 00:36:32,640 |a failure, you think I'm successful, look at this, I'm getting half my ends met. And I don't have to spend the other half of my income on it. Now I've basically
435 |180 |00:36:32,640 ~-~-> 00:36:46,680 |I've unleashed half of my monthly income, my surplus income has now gone up. That's a success. But it's amazing to hear some of you that reach out to me and
436 |181 |00:36:46,680 ~-~-> 00:36:55,200 |say, Look, you know, I'm only doing 3000 hours a month, and I just feel like I should be able to do more. Dude, you just started six months ago, you just
437 |182 |00:36:55,200 ~-~-> 00:37:09,420 |started six months ago. I know people that don't even make $3,000 a month. Gross, your net net. And you're complaining about that, as a new startup, you've
438 |183 |00:37:09,420 ~-~-> 00:37:23,730 |never done this before, in six months. Now you're making $3,000 consistently and you're bitching about it. 22 year old mindset. Because you are chasing Instagram
439 |184 |00:37:23,730 ~-~-> 00:37:34,860 |lifestyle, sit down and say, You know what, I have all this stuff on these cars, I go on these vacations. I have nice this nice that. That's wonderful. Now
440 |185 |00:37:34,860 ~-~-> 00:37:42,090 |here's how I'm able to do it. I'm gonna go into the chart, I'm gonna show you what's going to happen. And we're all going to watch it happen. They don't do
441 |186 |00:37:42,090 ~-~-> 00:37:51,240 |that. They don't do it. They don't need to, and why? Because their image has sold the shit that they're selling to everybody. And you're all eating up,
442 |187 |00:37:51,420 ~-~-> 00:38:09,570 |you're eating it up. And I've been out here teaching to the median of a demo account. And I have made millionaires, plural. What's the difference? I have
443 |188 |00:38:09,570 ~-~-> 00:38:22,260 |that stuff. But I know that doesn't make you a better trader. I have what you're looking for. And it's boring in the beginning. It's all practical, common sense
444 |189 |00:38:22,260 ~-~-> 00:38:29,790 |stuff that you know in your heart that you have thought about this stuff. But you discount it at times, I don't want to, I don't want to focus on that stuff.
445 |190 |00:38:30,570 ~-~-> 00:38:40,050 |That's boring. I want to have that jet set life. Well, you can have that jet set life. But you have to know that you can keep making the money to sustain that
446 |191 |00:38:40,050 ~-~-> 00:38:53,310 |lifestyle. Because when courses stop selling, when mentorships stop selling. Those individuals aren't going to have that floss anymore. And you can fill in
447 |192 |00:38:53,310 ~-~-> 00:39:04,950 |the blank with whoever you think I'm talking about. Because I'm putting everybody's name in that this is the way it is. I get it. Immune cells, I know
448 |193 |00:39:04,950 ~-~-> 00:39:15,300 |that. But that shouldn't be the reason for you to go out there and try to do something, you should be thinking, I want to be sustained by my trading, I don't
449 |194 |00:39:15,300 ~-~-> 00:39:24,840 |want to be a flash in the pan. I don't want to have a one hit wonder. I want to go into this with the mindset that I'm going to succeed long term. And
450 |195 |00:39:24,840 ~-~-> 00:39:34,080 |everything every decision I make about what I'm trying to study, why I'm studying, what's the purpose of what it is I'm looking for. And whenever you get
451 |196 |00:39:34,080 ~-~-> 00:39:42,120 |to the point where you've learned something from me that you can now be consistent with unless it's the things like we're talking about right now. Stop.
452 |197 |00:39:44,100 ~-~-> 00:39:54,450 |Don't dilute it. Get really, really good at what you've been warmed up to. It might be the silver bullet might be just hey, I got some old students that
453 |198 |00:39:54,450 ~-~-> 00:40:00,810 |simply like me, so it's really cool, what you're bringing out but I'm still making money on optimal trade entry and I just don't want to change. You know
454 |199 |00:40:00,810 ~-~-> 00:40:08,970 |what, that's wisdom. That is wisdom. That's a smart person that someone that is educated. And here's the thing, here's the rub, here's the thing that you don't
455 |200 |00:40:08,970 ~-~-> 00:40:22,830 |understand that they do. They know themselves. They know enough to know that ICTs got all kinds of freaking crack, I got something to get you all high. But
456 |201 |00:40:22,830 ~-~-> 00:40:33,150 |they found their voice, their method, their model, their thing that makes them click, and they don't have to reinvent anything anymore. They don't have to step
457 |202 |00:40:33,150 ~-~-> 00:40:39,840 |out there and feel what it feels like to be. I don't really understand how this works, yet they found themselves and they know that they tried messing with the
458 |203 |00:40:39,840 ~-~-> 00:40:48,240 |extra stuff I'm teaching now. Not that it's not worth it. Not that it doesn't work. It's amazing. They know themselves well enough, they're mature enough as
459 |204 |00:40:48,240 ~-~-> 00:40:59,370 |an individual, that they know that they would wreck themselves and mess up the progress and disrupt their continuity that they have found by having one
460 |205 |00:40:59,400 ~-~-> 00:41:05,700 |approach, which is what I've been preaching all along, some of you to just warm up to me in the last couple of months, maybe it's the first time you've listened
461 |206 |00:41:05,700 ~-~-> 00:41:12,750 |to me on you maybe the last few videos. Man, this guy's got all kinds of shit. You know, what are you supposed to do all that stuff, you're trying to bring
462 |207 |00:41:12,750 ~-~-> 00:41:23,100 |everything into one market in any one given time. I don't do that. I have models when the model is in price action, I'll see it.
463 |208 |00:41:24,960 ~-~-> 00:41:42,030 |But I have taught you now three very specific, highly visual models that I think that are pretty easy to see. One will gravitate well, you'll gravitate more,
464 |209 |00:41:42,060 ~-~-> 00:41:54,270 |more or less to one of them more than another. And it doesn't mean you're not a good SMC ICT students or trader, if you don't really resonate with the other
465 |210 |00:41:54,270 ~-~-> 00:42:01,320 |things, other things, I'm teaching this because somebody else that's a student of mine, is kicking the shed of some kind of funded account company out there
466 |211 |00:42:01,320 ~-~-> 00:42:08,490 |and getting all kinds of withdrawals, and payments and all kinds of shit from them. Doesn't mean that that's the model for you. And that's, that's very
467 |212 |00:42:08,490 ~-~-> 00:42:20,610 |important that you hear that from me. They found their model, your model is yours. And if you start making money with it, never get into position where
468 |213 |00:42:20,610 ~-~-> 00:42:29,220 |you're trying to talk people into doing what you're doing. Because that shit don't work. I promise you it doesn't work, you'll have more people complaining
469 |214 |00:42:31,200 ~-~-> 00:42:38,400 |that it doesn't work than the ones that'll Step Four and say I'm making money with what you're doing. Because when people start making money, they don't give
470 |215 |00:42:38,400 ~-~-> 00:42:45,210 |a shit about anybody else's opinion. If you're really making money, if you're able to do these things, you're not going to go on my Twitter feed and talk
471 |216 |00:42:45,210 ~-~-> 00:42:56,850 |shit. You got shit to do, you're making money, you're living your life, you're not hanging out, trying to talk shit to me, that's not going to happen. And
472 |217 |00:42:56,850 ~-~-> 00:43:07,380 |that's what you want to focus on. These are all things, these are all decisions, these are all characteristics of people that will eventually fail. But the ones
473 |218 |00:43:07,380 ~-~-> 00:43:20,400 |that do not fail, they're guarding their mind. They're looking for that one approach that one model that suits them perfectly. Now doesn't mean no losses.
474 |219 |00:43:20,970 ~-~-> 00:43:30,960 |It just means that okay, when this doesn't work, and I have a losing transaction, whether it be in demo, or it's a live account. It doesn't change
475 |220 |00:43:30,960 ~-~-> 00:43:43,170 |your opinion about the model being effective. And as a new student or a new trader, that's an uncomfortable statement. Because it's hard for you to reason
476 |221 |00:43:43,170 ~-~-> 00:43:51,810 |with that and think, Hey, I just lost money. Why should I feel good about that? Because you didn't lose more than you did. And you also know that you're not
477 |222 |00:43:51,810 ~-~-> 00:44:01,140 |going to go in there recklessly and just try to get it back. Because that silver bullet that model 2022 that optimal trade entry isn't in the chart anymore,
478 |223 |00:44:01,140 ~-~-> 00:44:11,910 |right now, you have to wait for the next setup. Guess what that does? That instills patience. What do you be impatient for? I'm waiting for my model. I'm
479 |224 |00:44:11,910 ~-~-> 00:44:22,260 |waiting for the time of the day, when my model will be in that a year, we literally can set our watches to the setups I'm teaching you. We know when
480 |225 |00:44:22,260 ~-~-> 00:44:32,940 |they're going to form we know it doesn't mean that every setup is 100%. And when it does not pan out, you stop reassess. Is there still time? I'm still in a time
481 |226 |00:44:32,940 ~-~-> 00:44:43,350 |window? Is there a new same type of model, same setup? Is there a new one forming? If it did, less risk half of what you just talked about leverage on
482 |227 |00:44:43,740 ~-~-> 00:44:52,800 |half the risk and try it again. If you lose there, you stop for the day. Don't even come back for the afternoon. And then the next day you reset and start all
483 |228 |00:44:52,800 ~-~-> 00:45:06,660 |over again. Now 99% of Twitter, Instagram traders They don't think like that. They owe me capacity for it. They don't even understand that you can sit down
484 |229 |00:45:07,950 ~-~-> 00:45:17,250 |and expect between a certain time when to have a beginning and an ending, there will be a trade form between this time and that time, it will absolutely for my
485 |230 |00:45:17,250 ~-~-> 00:45:26,460 |model will be in that 60 minutes, it's absolutely going to be there. And I'm here for it. I'm showing up to work. Here it is, I'm here, I'm not trying to
486 |231 |00:45:26,460 ~-~-> 00:45:40,800 |fail. And you're learning how to do that for free. And you're seeing your brothers and sisters in his community, making bank real money, not demo dollars.
487 |232 |00:45:42,060 ~-~-> 00:45:53,160 |And they all learned from me the demo baller base, they learned and saw the examples I showed through the medium of a demo. Because if I teach you through a
488 |233 |00:45:53,160 ~-~-> 00:46:02,250 |demo number one, I'm protected. I'm not a licensed financial advisor. And the people that did the math on this and figured out well, you know, if this stuff
489 |234 |00:46:02,250 ~-~-> 00:46:08,460 |works in a demo, and I can get good at it consistently with a demo, there might be a day where I wake up and say, let me try it with real money. And you did
490 |235 |00:46:08,460 ~-~-> 00:46:19,620 |that on your own. And all the success is yours. Equally. So on the other side of that coin, if you do it prematurely, and you'd lose money, you eat that. And
491 |236 |00:46:19,620 ~-~-> 00:46:28,290 |some of you aren't prepared for that responsibility. You want to be able to hold on to that. Well, I'm gonna blame that guy. I'm gonna blame that book. That
492 |237 |00:46:28,290 ~-~-> 00:46:36,930 |video series he did didn't teach me that part not lost, and it's his fault. That's bullshit. That's somebody that's not equipped to do this, because you're
493 |238 |00:46:36,930 ~-~-> 00:46:49,050 |gonna lose money. You're gonna absolutely guaranteed no matter what you trade with, you're gonna lose money. Nobody does it 100%. And you have to be prepared
494 |239 |00:46:49,050 ~-~-> 00:47:03,840 |for that. Or welcome and invite failure. Don't rush to get through that funded, combine challenge, okay. It's literally laughable. And I keep reminding my son,
495 |240 |00:47:03,840 ~-~-> 00:47:14,700 |look at these things that you try to do. They're not working for you, because you're trying to push too hard. You're not listening. In the time that you're
496 |241 |00:47:14,700 ~-~-> 00:47:24,330 |trying to save, you're compounding it and you're increasing more of it. You're making it farther ahead of you. And a longer distance to between where you are
497 |242 |00:47:24,330 ~-~-> 00:47:36,600 |right now where you want to be by doing stupid things that I've already told you not to do. But lessons like that, sometimes, they have to really hurt. They have
498 |243 |00:47:36,600 ~-~-> 00:47:51,840 |to hurt enough to know that this isn't doing it for me. And just because he's my son just because Cody, my oldest son was you know, birth from me does not give
499 |244 |00:47:51,840 ~-~-> 00:48:00,210 |them an advantage. We're all humans. And we're all going to do things impulsively. And you have to make sure that you're not doing things in the
500 |245 |00:48:00,210 ~-~-> 00:48:12,030 |market just opened up. I'm looking at it now. If you're looking at live, E Mini s&p and E Mini NASDAQ, I have my chart up in front of me that little inversion
501 |246 |00:48:12,030 ~-~-> 00:48:25,590 |fair value gap that I had noted. So can you make sure I give you the time on a five minute chart into it is the 2:15pm. Yesterday, July 20 2pm, I'm sorry,
502 |247 |00:48:25,590 ~-~-> 00:48:36,210 |2:15pm. On a five minute chart. I'm watching to see if that offers any kind of support. We've already cleared that by sign by the way. So that was kind of neat
503 |248 |00:48:36,210 ~-~-> 00:48:50,940 |down and want to see how we trade now. Now they're open. I don't have a bicep. So I'll talk a couple more minutes. Always longer than he says. But um, so in
504 |249 |00:48:50,940 ~-~-> 00:49:06,330 |summary, the way you avoid failing is your filter what goes into your mind. If you are constantly feeding yourself, Instagram garbage, image things. You're
505 |250 |00:49:06,330 ~-~-> 00:49:19,410 |never going to be satisfied with your progress. When your progress is more than ample. If you weren't comparing it with everything else around me, anyone else
506 |251 |00:49:19,440 ~-~-> 00:49:30,930 |that shows you materialistic stuff. You're never going to appreciate the growth that you're going through. How guilty Are you in that? When you think about like
507 |252 |00:49:30,930 ~-~-> 00:49:43,530 |that. It's silly that you waste so much time worshipping these people. I don't encourage you to deal with me. In fact, I hate it. But all these guys out there
508 |253 |00:49:43,530 ~-~-> 00:49:53,640 |want to be called the goat. They all want to be looked up to. I want to be like you. I want to try the cars that you have. I want to have friends right around
509 |254 |00:49:53,640 ~-~-> 00:50:04,590 |your boat that you don't really have a relationship with. Sorry, Pat had that But the point is this, you can get caught up and all that kind of stuff. Okay,
510 |255 |00:50:04,590 ~-~-> 00:50:13,140 |you can get all caught up in image things, and none of that is going to increase your bottom line. But you know, we'll do it will prevent your bottom line from
511 |256 |00:50:13,140 ~-~-> 00:50:30,120 |growing. And I'll say it again, all that image stuff, all that social media pomp and clout that measuring up stuff absolutely does nothing does nothing for
512 |257 |00:50:30,120 ~-~-> 00:50:46,680 |taxable income doesn't do anything. But make it hard to obtain. Because you're chasing image you're pursuing image. There was a set of commercial years ago,
513 |258 |00:50:47,370 ~-~-> 00:51:02,700 |images, nothing obey your thirst. That's actually a really good slogan for right now. Image is nothing. Obey your thirst, what's your thirst? Success, you want
514 |259 |00:51:02,700 ~-~-> 00:51:12,660 |to be able to get out of that cubicle. You don't want to be in that mundane job. You don't want to be doing those jobs, plural for some of you. You want a better
515 |260 |00:51:12,660 ~-~-> 00:51:24,270 |life, you want a better life for your kids, your family, your family tree. None of that. None of that will happen. By looking at people on social media.
516 |261 |00:51:28,950 ~-~-> 00:51:43,800 |You're chasing an image with people that don't even know how to manage their money correctly. Spending frivolously on dumb stuff, instead of securing passive
517 |262 |00:51:43,800 ~-~-> 00:52:04,350 |income, securing generational wealth, all the while not gambling, all the while building an empire quietly drawing new special attention to yourself. That's the
518 |263 |00:52:04,350 ~-~-> 00:52:15,030 |way you do it. And I'm gonna go back to that type of lifestyle in November. So you can do all your polls and question how many? What's the odds of this guy not
519 |264 |00:52:15,030 ~-~-> 00:52:26,070 |going to, I'm not going to be on Twitter. In November, I'm not. There isn't going to be a future mentorship. I'm not opening up membership later on. I'm not
520 |265 |00:52:26,070 ~-~-> 00:52:35,160 |going to have to come back and pick up more money because I'm broke. I'm not going to be broke. I don't ever need to trade ever again. Folks, I want you to
521 |266 |00:52:35,160 ~-~-> 00:52:41,550 |understand this. But the people that constantly say this shit I've never seen you might it's so rich that they can't trade anymore. They don't need to trade
522 |267 |00:52:41,550 ~-~-> 00:52:49,770 |anymore. I'm fucking loaded. I don't need to take a trade ever again. I don't need to do it. That's the definition of being rich. I don't need to that's what
523 |268 |00:52:49,770 ~-~-> 00:52:55,140 |I want you to have. I don't need to go to work. I don't need to worry about bills I don't need to worry about if I'm going to get fired. I don't need to
524 |269 |00:52:55,140 ~-~-> 00:53:03,600 |worry about making medical payments on insurance because it's too fucking high. And and it's it's all a fraud, scam, Obamacare bullshit. All these pressures
525 |270 |00:53:03,600 ~-~-> 00:53:12,840 |that everybody has, I don't want you to have any of that stuff. If you just listen to me, and take the time to investigate everything. It's there in the
526 |271 |00:53:12,840 ~-~-> 00:53:18,750 |chart. It's always there. It's not morphing into something in hiding from you. It's there.
527 |272 |00:53:24,180 ~-~-> 00:53:36,840 |But you have something else in front of you that's distracting you. Image fear, greed. What's your thirst, images, nothing obey your thirst. The thirst is
528 |273 |00:53:37,530 ~-~-> 00:53:53,490 |independence, financially independent. So we had a little bit of a reaction of that version fair value got to 15 and find that chart on nastic. That city, that
529 |274 |00:53:53,490 ~-~-> 00:54:05,490 |little blue. For very, very good to highlighted on the chart I sent this morning on Twitter. I think that's 12:20pm Yesterday at July 20. On a five minute chart.
530 |275 |00:54:07,020 ~-~-> 00:54:15,840 |I'm watching to see if we can reach up into that. If we go back below the inversion fair value gap, then my attention would go to 15,005 ed. And if we
531 |276 |00:54:15,840 ~-~-> 00:54:26,040 |accelerate through that, then I would be interested in the sell side that I mentioned on the chart not shared rather than still no buys. But the the point
532 |277 |00:54:26,040 ~-~-> 00:54:35,040 |in this discussion was to remind you that you're human, you're gonna make mistakes and you're going to do things incorrectly. And it's normal to do that
533 |278 |00:54:35,040 ~-~-> 00:54:48,630 |in the beginning. But minor setbacks, growing pains, stop losses that get hidden you result in a monetary loss, whether it be demo, or your combine or your
534 |279 |00:54:48,630 ~-~-> 00:54:59,430 |funded account taking a hit. That's all normal. It's not there's nothing to be afraid of asking something more than it is. It's a simple tax. It's all this you
535 |280 |00:54:59,430 ~-~-> 00:55:07,230 |are going to be taxed, period, you can't escape it, you're gonna have losses, you're gonna have losing trades, you're gonna miss opportunities, and you're
536 |281 |00:55:07,230 ~-~-> 00:55:18,330 |gonna have real shit happen in the real world. And when it does, it fucks you up in your head, and you should not be trading period. I'm practicing what I
537 |282 |00:55:18,330 ~-~-> 00:55:30,630 |preach, I know, my tendencies is very much about replacing an uncomfortable state of mind. And many times, I'm in an uncomfortable state of mind every
538 |283 |00:55:30,630 ~-~-> 00:55:45,720 |single day. My mood swings are violent sometimes, and they have been extremely violent. I can't change it, I can't bring her back. And the closest thing I can
539 |284 |00:55:45,720 ~-~-> 00:56:00,780 |do is to get to more to spend more time loving and caring for and inviting into our family. A pet to me as a family member. Waking up and you're not you don't
540 |285 |00:56:00,780 ~-~-> 00:56:16,350 |see that part of your family anymore, and you expect to it hurts. And that hurt that pain. It's with me all day long. So it's inviting me to go in to do things
541 |286 |00:56:16,350 ~-~-> 00:56:24,030 |that would make me feel better. And when I get like, I had to get off of social media today, because I saw all these fucking assets out there talking stupid
542 |287 |00:56:24,030 ~-~-> 00:56:34,980 |shit, trying to get attention, because I mentioned my name. That is the invitation for me to do things that I know, won't give me the result I'm looking
543 |288 |00:56:34,980 ~-~-> 00:56:44,460 |for. As much as if I was in a better state of mind, I would out there, I'd be out there toying with them. But I'm hurting right now. So I can't, I can't allow
544 |289 |00:56:44,460 ~-~-> 00:56:55,080 |that. And you have to be mindful of that in your own trading, and your own personal life. You're going through stuff and it's gonna happen. You're gonna
545 |290 |00:56:55,080 ~-~-> 00:57:03,480 |lose someone you're gonna, you know, maybe not have someone and you are lonely, you want to get with someone, you want to start a relationship and you're not
546 |291 |00:57:03,480 ~-~-> 00:57:15,510 |having any success with it. And all those things are perfect invitations for you to go out there and fail. Not right away. But that one thing that you do wrong,
547 |292 |00:57:16,650 ~-~-> 00:57:34,890 |and you have a loss in trading. You'll amplify it, you'll nurture it and get it more attention more of the same rotten for more losses, regret. And this is
548 |293 |00:57:34,890 ~-~-> 00:57:44,730 |going to feed itself. And that will push you right into, I can't do this anymore, I got to stop. And that's failure. I don't want that for any of you.
549 |294 |00:57:46,470 ~-~-> 00:57:58,950 |But you should not and this is my closing. You should not fear losing. You should not fear going and drawdown you should not fear blowing out your first
550 |295 |00:57:58,980 ~-~-> 00:58:09,930 |account, you should not fear that respect that that might happen. And that is going to be the instigation for you to follow rules. Developing discipline,
551 |296 |00:58:10,590 ~-~-> 00:58:22,290 |keeping your mind in the game about what it is you're doing, not just going out there and just rolling dice to see what happens. Number reminding you, in these
552 |297 |00:58:22,290 ~-~-> 00:58:32,520 |instances, what's going to happen is is probably what you don't want to see happen. And the perfect illustration of that is you don't want to see it happen.
553 |298 |00:58:32,610 ~-~-> 00:58:40,650 |And you won't accept that it's happened. Even though if you're in that trade that you've impulsively entered. At some point many times, you'll have that
554 |299 |00:58:40,650 ~-~-> 00:58:49,380 |little warning sign go off. It isn't going to work out for you. And your conscience, which will be your inside voice your internal voice will say you
555 |300 |00:58:49,380 ~-~-> 00:59:04,890 |shouldn't ever did that. Just close it right now. You're only down a couple 100 bucks, just close it. But you won't. You won't. Because you are hurting. And you
556 |301 |00:59:04,890 ~-~-> 00:59:20,280 |want a white knight to come in and save you. And the white knight never fucking shows up. It doesn't. And one of the one of two things happens. The market stays
557 |302 |00:59:20,280 ~-~-> 00:59:32,790 |against you and eventually squeezes you out where you can't even tolerate it anymore. Or you blow out how are you going to feel about your execution, your
558 |303 |00:59:32,790 ~-~-> 00:59:42,600 |decision to take that trade at the time knowing that you couldn't have done it then even in that trade? You knew show out but you didn't. Do you see how easily
559 |304 |00:59:42,600 ~-~-> 00:59:55,440 |compounds these are things that mentors don't talk to you about it because they don't have any answer for it. They'll talk about something that's in the left
560 |305 |00:59:55,440 ~-~-> 01:00:10,740 |side of the chart. They'll sell that. I'm telling you how to navigate the hard right edge. And most of it is in between your ears. When are you trading? Are
561 |306 |01:00:10,740 ~-~-> 01:00:20,220 |you in a good healthy state of mind? There's nothing wrong with being excited. There's nothing wrong about being positive about the opportunity that's before
562 |307 |01:00:20,220 ~-~-> 01:00:29,790 |you today, this trading session this week, there's nothing wrong with that, absolutely nothing. But you should not have your adrenaline will come by either
563 |308 |01:00:29,820 ~-~-> 01:00:45,990 |stress or excitement. If you have nervous, anticipation, excitement, before you start trading, you need to stop. You're not focusing, you're at your peak in
564 |309 |01:00:45,990 ~-~-> 01:00:57,210 |terms of emotionalism, about what you're about to do, don't take that trade, especially if it's a live account. Or if you're at that funded stage, if you
565 |310 |01:00:57,210 ~-~-> 01:01:14,940 |have all this nervous excitement about it, immediately go to a demo. And if it wins, you have grown through a period of nervousness and excitement, that you
566 |311 |01:01:14,940 ~-~-> 01:01:24,870 |cannot trade in that environment. In that state of mind. You should not be trading like that. But if you're wrong, are you going to regret it? No, you're
567 |312 |01:01:24,870 ~-~-> 01:01:33,180 |going to reward yourself and say, You know what, that was the smartest shit I've ever done. At the time, I felt like I was going to win that trade. I felt like I
568 |313 |01:01:33,180 ~-~-> 01:01:40,260 |was really going to win. I was excited. But because I identified my nervous excitement, and I was trembling because I was I knew I was going to make money,
569 |314 |01:01:40,260 ~-~-> 01:01:49,200 |I was going to go in and make money. I identified that in someone with more experience, more understanding about how I'm going to fuck myself up doing this,
570 |315 |01:01:49,380 ~-~-> 01:02:01,500 |told me, Don't do it with that live account, go to a demo, and then you lost. That's a huge milestone. But none of you are opening yourself up for that. You
571 |316 |01:02:01,500 ~-~-> 01:02:09,780 |will never give yourself that learning opportunity about yourself and discovery about yourself because the trader that is who you are, or who you're trying to
572 |317 |01:02:09,780 ~-~-> 01:02:23,220 |grow into. That's the barrier that you don't see in front of you. You don't see it. But that's the person that's holding you back. And they're formidable. And
573 |318 |01:02:23,220 ~-~-> 01:02:35,730 |if you stoke their fires, and encouraged them to be much more formidable in terms of keeping you from growing, how do you do that? By allowing emotions into
574 |319 |01:02:35,730 ~-~-> 01:02:50,670 |your decision making and chasing image, see a financially successful trader, the best ones out there, you don't see him going out there showing you what they
575 |320 |01:02:50,670 ~-~-> 01:03:05,490 |drive, what they spend, what they dress in. They don't do that. They don't do those things. They're busy living their life, managing themselves. How do you
576 |321 |01:03:05,490 ~-~-> 01:03:15,900 |manage yourself? None of you have the right to know what I do on a day to day, none of you do. It's never been my goal to ever have that.
577 |322 |01:03:18,390 ~-~-> 01:03:27,810 |Because no matter what I show, no matter what I share, I can literally go through the 12 different bank accounts I got. And you shouldn't fall back in it
578 |323 |01:03:27,810 ~-~-> 01:03:36,720 |and see what I had. It won't do anything for you. But there still be people out there. Oh, he went to an ATM machine. And he did a balance inquiry right there
579 |324 |01:03:36,720 ~-~-> 01:03:46,050 |and he ran an ATM. Oh, it was photoshopped. I mean, I'm not gonna I'm not gonna entertain these fucking ass hats. And you shouldn't do it either. You're never
580 |325 |01:03:46,050 ~-~-> 01:03:57,240 |gonna live up to everybody's expectations. So why even started there? What is your thirst? What is the thing that keeps you going? Why do you want to keep
581 |326 |01:03:57,240 ~-~-> 01:04:10,710 |doing this. You want to do something specific, whatever that is, that needs to be right in front of you every single day. I and learning how to do this. So
582 |327 |01:04:10,710 ~-~-> 01:04:25,020 |that way I can pay for my college tuition. I can go to this specific Ivy League college and pursue my educational desires. I can quit my job and replace this
583 |328 |01:04:25,020 ~-~-> 01:04:35,670 |annual salary at that job. With my trading, notice that there's no deadline. That's the other thing that invites failure. You're trying to time your success.
584 |329 |01:04:35,700 ~-~-> 01:04:47,520 |You can't. Nobody can time your success. You have no idea that one moment where that one epiphany where the veil lifts and you finally figured out who the fuck
585 |330 |01:04:47,520 ~-~-> 01:04:57,570 |you are. And all the things that you've been holding on to that you think are security blankets and things that are protecting you. When you finally put that
586 |331 |01:04:57,570 ~-~-> 01:05:07,650 |stuff down you realize that's the things that's been holding In your back, it was scary thoughts? What if it does? What if it doesn't? What if you were wrong
587 |332 |01:05:07,650 ~-~-> 01:05:17,400 |about your fear? What if you had been wasting all this fucking time worrying about things that never are going to be a factor for you? And you've held
588 |333 |01:05:17,400 ~-~-> 01:05:27,870 |yourself back? What happens? What happens if you stopped worrying about that stuff, and you just focused on the things you're supposed to be focusing on? One
589 |334 |01:05:27,870 ~-~-> 01:05:38,790 |step at a time, one day at a time, and let that day's learning be enough. And it will compound. And you'll know more than you did yesterday, last week, do that
590 |335 |01:05:38,790 ~-~-> 01:05:48,330 |for a few months. You have no idea how much you know, think about it before you sat down with the content I share. You'd never never seen these things before.
591 |336 |01:05:48,360 ~-~-> 01:06:00,240 |Never heard about it before. And what you felt that day, compared to today? I'm not saying are you making withdrawals in my account right now, it's not that's
592 |337 |01:06:00,240 ~-~-> 01:06:07,650 |not my point in asking you this. But your understanding about the marketplace? And more specifically, here's where you're supposed to be focusing right now
593 |338 |01:06:07,650 ~-~-> 01:06:18,660 |primarily in the beginning. How are you internalizing it all? Are you feeling less rush to get out there and gamble to find money? Are you now starting to
594 |339 |01:06:18,660 ~-~-> 01:06:26,220 |realize that, you know, if I treat this like a business, and I don't gamble, and I know what I'm looking for, and opportunities are right there before me. And
595 |340 |01:06:26,220 ~-~-> 01:06:36,390 |I'm equipped and I have the resources to take advantage of that. Man, I can turn this into a profitable business endeavor. There's a shift that has pirate
596 |341 |01:06:36,390 ~-~-> 01:06:49,170 |paradigm shift that will take place for the people that really are trying to go after you're going to fail, I'm promising you that. You will never get it. That
597 |342 |01:06:49,170 ~-~-> 01:06:58,320 |will never happen for you. You have to go out there. And back test, you have to study you can't take my word for it. You got to go in there and see if it really
598 |343 |01:06:58,320 ~-~-> 01:07:07,830 |is there. Because once you get to that point you back testing, you see it, nothing. No asshat down in Texas, nobody up in New York, nobody in Canada, Nova
599 |344 |01:07:07,830 ~-~-> 01:07:17,700 |and fucking Dubai, there's going to tell you what you're learning ain't the real market. They'll never ever, ever be able to convince you otherwise. And once you
600 |345 |01:07:17,700 ~-~-> 01:07:26,910 |have that mindset, there's nothing holding you back then. Because nobody can talk you out of it. You've convinced yourself and you've been the person that's
601 |346 |01:07:26,910 ~-~-> 01:07:44,610 |really talking yourself out of it. When I might not be good at it has a lot of fucking videos ICT 500 videos, where do I start? Go backwards from there. And
602 |347 |01:07:44,610 ~-~-> 01:07:56,520 |you'll hear me talk about go to the model 2022 mentorship, start there. It gives you something hit the ground running. Look at the silver bullet trade. And look
603 |348 |01:07:56,520 ~-~-> 01:08:04,860 |at the commentary. Whenever I'm sharing commentary. That's where your focus should be. Because if I'm full of shit, you'll see. You'll see it and then ain't
604 |349 |01:08:04,860 ~-~-> 01:08:17,160 |there. I talk about what the markets gonna do. I show you exactly where it's gonna go. And it delivers. If it doesn't work, you would see evidence that it
605 |350 |01:08:17,160 ~-~-> 01:08:24,300 |doesn't work. If people can't make money with it. You wouldn't be seeing everybody coming out of the woodwork right now everywhere. I think just about
606 |351 |01:08:24,300 ~-~-> 01:08:38,220 |every funded account company out there has my students in it making withdrawals? How many how many testimonies you need to inspire you to stick with it. How many
607 |352 |01:08:38,220 ~-~-> 01:08:46,860 |times do you have to see me call the market before it happens. And it delivers perfectly. Before you feel like it's probably worth investing some more time and
608 |353 |01:08:46,860 ~-~-> 01:08:57,630 |energy in and let me filter all the bullshit. Me prune my personal life and cut out all the extra weekend garbage and I'm wasting my time and money on. And you
609 |354 |01:08:57,630 ~-~-> 01:09:10,080 |might actually get yourself in a position where you are a better person than you are right now. And you probably can't identify it. Maybe you think that you are
610 |355 |01:09:10,260 ~-~-> 01:09:22,530 |everything in a bag of chips right now. But you're really toxic and you're ugly because you don't live a lifestyle that shows that you're bitter. You snap at
611 |356 |01:09:22,530 ~-~-> 01:09:31,710 |everybody publicly, your friends probably can barely even tolerate you. If you have those tendencies. You have to overcome them because in trading, it
612 |357 |01:09:31,710 ~-~-> 01:09:40,500 |magnifies that stuff. And the people that point it everybody else is the reason why they failed. Their living testimonies of what I'm talking about right now
613 |358 |01:09:40,530 ~-~-> 01:09:57,840 |they are going to spend the rest of their life doing that because they're miserable. This industry is a huge mirror and you look at that mirror and you
614 |359 |01:09:57,840 ~-~-> 01:10:08,220 |try to see what you want to see and you ignore what it's trying to show you about yourself. And the smartest investors and traders are the ones that can
615 |360 |01:10:08,220 ~-~-> 01:10:23,460 |identify the flaws, and work on overcoming them. And then when you finally get to the point, have a young lady that's in my mentorship that she had a partner.
616 |361 |01:10:24,750 ~-~-> 01:10:35,280 |And he left her, they were gonna get married, and they were planning a life together, and he got good at trading. And started making a lot of money. And so
617 |362 |01:10:35,280 ~-~-> 01:10:45,420 |you know what, you know, I'm attracted now girls like what I'm able to do. And he took that and ran with it in a negative direction, get somebody that was
618 |363 |01:10:45,450 ~-~-> 01:11:02,850 |monogamous. From I'm married, I can say this to ladies beautiful. But because this young man has now a new skill in his mind, before he found that success,
619 |364 |01:11:03,420 ~-~-> 01:11:12,180 |she was, I'm sure beautiful, happy to be with her. But then when you start making that kind of money, and he changes you fundamentally, it changes you, you
620 |365 |01:11:12,180 ~-~-> 01:11:26,520 |start thinking that you're better than you really are materialistically. And that's how the enemy gets you. Prior to life lost the eye. Those things will
621 |366 |01:11:26,520 ~-~-> 01:11:36,900 |creep in. And it did for me when I was 20. And you think that every girl gets to sleep with you now. This I'm so good, I gotta get everybody opportunity to sleep
622 |367 |01:11:36,900 ~-~-> 01:11:51,870 |with me. And that's what this young man did. What happens if you are not in a relationship right now. And you want to be in a relationship, but you're also
623 |368 |01:11:51,870 ~-~-> 01:11:59,550 |struggling because it's a one income household for you. And things are expensive. I can appreciate their help, everything's expensive. I got lots of
624 |369 |01:11:59,550 ~-~-> 01:12:09,660 |money, but it still shocks me to see how much it costs. I don't think about it, until I think about it in relationship to most of you. Because I know you're all
625 |370 |01:12:09,660 ~-~-> 01:12:23,400 |trying to do what you can to improve where you are, financially. But what happens? What if, okay, what if you put the time in, and you build yourself up?
626 |371 |01:12:23,850 ~-~-> 01:12:35,190 |Not overnight, it's gonna take you some time, but you build yourself up. So now you can afford to be maybe in different neighborhoods driving a different car.
627 |372 |01:12:35,970 ~-~-> 01:12:45,690 |Not now that's sucking the life that you like a vampire. And maybe start exercising more and get yourself into shape. And then the guy or the gal your
628 |373 |01:12:45,690 ~-~-> 01:12:59,040 |dreams recognizes you now because you're doing things you would have never done. And here's the perfect position to be in. You don't need their income. And they
629 |374 |01:12:59,040 ~-~-> 01:13:14,340 |know chances are they're probably going to treat you far better. Because they know that you are a treasure. You're somebody that they don't have to carry. You
630 |375 |01:13:14,340 ~-~-> 01:13:19,830 |don't have to expect them to take care of you pick up the bill, pay for our dinner.
631 |376 |01:13:21,359 ~-~-> 01:13:32,519 |All the dates, its expense all those things. You don't have to feel like oh, you know, I gotta take care of this person. Every time we go out. I gotta pay the
632 |377 |01:13:32,519 ~-~-> 01:13:44,729 |bill. Gentlemen, that's how it's supposed to be. But when a woman knows that she doesn't need that, man. She didn't you can leave your wallet at home. Sammy, I
633 |378 |01:13:44,729 ~-~-> 01:13:56,969 |got it. Let me tell you something, for me that in a woman, if a woman can say straight up, I want to be with you. That that that right there. That's a
634 |379 |01:13:56,969 ~-~-> 01:14:05,909 |unicorn. And some weaker men will be looking at that thing. And now, I can't do something like that. Right? Because you're a little bit. But that's what you
635 |380 |01:14:05,909 ~-~-> 01:14:21,929 |want to be able to be your own independent wealth creating enterprise. And, well, a scrub won't even test you. And you're going to attract a different level
636 |381 |01:14:21,929 ~-~-> 01:14:33,749 |of man. You're going to attract a different level of woman. You live your life a specific way. A refined way not to walk around like you're better anybody else.
637 |382 |01:14:33,959 ~-~-> 01:14:44,639 |But you just don't give time. You don't give time for the time wasters. These vampires that will suck the life out of you. What happens if you start living
638 |383 |01:14:44,639 ~-~-> 01:14:56,219 |life like that? And you treat your trading like that. This is a conduit that gets you to a level like that. It's easy to feel better about yourself. When you
639 |384 |01:14:56,219 ~-~-> 01:15:06,509 |have repaired everything that's gone wrong in your life in the dependently no one has done it for you. Your sense of accomplishment in courage in yourself.
640 |385 |01:15:07,559 ~-~-> 01:15:15,989 |And self worth and value go up exponentially. There's no way of describing what it feels like. And I love listening to the testimonies of my students that talk
641 |386 |01:15:15,989 ~-~-> 01:15:23,939 |like this. That's what I encourage all of you to do. That's all a mass. That's the currency here. That's the exchange here. I'm investing in you, the only
642 |387 |01:15:23,939 ~-~-> 01:15:26,939 |thing I want to hear is, would it be done with it?
643 |388 |01:15:32,039 ~-~-> 01:15:41,759 |An email, a video testimony where I only watched the video of so many of them, and to see the transformations in people's lives. You think it's just money,
644 |389 |01:15:41,759 ~-~-> 01:15:51,089 |it's not, it's probably listening to this, you probably listened to it at your work. Or you just came home from work. And you're thinking, Man, I'm glad it's
645 |390 |01:15:51,089 ~-~-> 01:16:00,899 |the weekend. So I got to do that shit for two more days. Whereas now, you're learning how to become an investor. And while you will love to be able to play
646 |391 |01:16:00,929 ~-~-> 01:16:09,419 |on the weekend, because you can afford to do a lot more things. And your mind won't be racing all the time. Worrying about stresses of the world and your
647 |392 |01:16:09,419 ~-~-> 01:16:24,419 |career and all that. You'll look forward to Mondays. We're most people hate it. I hate it. I gotta get back to that sweatshop. I gotta go back to that fucking
648 |393 |01:16:24,419 ~-~-> 01:16:35,609 |slave driver. Carl's gonna be there again, you know that the whole thing is toxic. And I only make money, they make really good money. And they say, Oh, I
649 |394 |01:16:35,609 ~-~-> 01:16:46,319 |love my job. Let me tell you something, okay? Given the opportunity to make five times your salary, a job that you love, and you ain't gotta leave your fucking
650 |395 |01:16:46,319 ~-~-> 01:16:58,199 |bed to do it. Okay, trust me, you're not going to go to that job, you're not going to go to the job so safe. I understand that sense of? Well, let's be
651 |396 |01:16:58,199 ~-~-> 01:17:04,379 |honest, I don't give a fuck, I ain't got time based on that. I think it's bullshit. You're just trying to convince yourself that you and that's the way
652 |397 |01:17:04,379 ~-~-> 01:17:11,789 |you go through life right now. No matter how much money you make, how successful you are. Everybody given the opportunity to do better than they're doing at your
653 |398 |01:17:11,789 ~-~-> 01:17:21,989 |job and not have to be there to do it. They're gonna jump on that immediately. If they know that the same skill set that put them in that career, if they just
654 |399 |01:17:21,989 ~-~-> 01:17:35,699 |did the things correctly here in this, your upside is unlimited. Its upside is absolutely not capped by any salary, ceilings. Every job has a salary ceiling.
655 |400 |01:17:35,819 ~-~-> 01:17:57,719 |Every job has a salary ceiling, it's capped. Where's the limit in what you can earn in trading? I don't know. What is it? What is it for you? Some of you, you
656 |401 |01:17:57,719 ~-~-> 01:18:08,219 |have a number that you think can't be hit? Who says that? You did. You don't set the rules. You don't set the limitations on how much you or anyone else can
657 |402 |01:18:08,219 ~-~-> 01:18:20,039 |make. But we waste our time thinking about these types of things in these what if scenarios and these stupid time wasting concerns. If you would have took that
658 |403 |01:18:20,039 ~-~-> 01:18:30,329 |same amount of time that you did all those silly things or watch people that were really not investing in you. They're just showing off. If you took that
659 |404 |01:18:30,329 ~-~-> 01:18:38,249 |time invested in yourself and your understanding about what it is that you're trying to discover, as a trader, for you, what is it that you're looking for?
660 |405 |01:18:39,119 ~-~-> 01:19:02,339 |Why are you trying to do it? Looking at the 1:30am lose on this deck. That's it that's outside I think we're going to I think we'll get the 15 five ad. And if
661 |406 |01:19:02,339 ~-~-> 01:19:11,969 |we can accelerate through that, then they'll probably want to dig into that 547 ones NASDAQ. I'm just looking at one chart though. So it's a five minute chart.
662 |407 |01:19:11,969 ~-~-> 01:19:21,209 |I don't have anything else in front of me. But the I guess I don't really, I guess I really needed this today. I'm still wanting to talk
663 |408 |01:19:30,510 ~-~-> 01:19:47,100 |I'm looking at that inversion fee of 812 15 or 215 rather from yesterday. It was the one chart tweeted this morning. So think about what we see here. Even more I
664 |409 |01:19:47,100 ~-~-> 01:19:57,000 |had no bias so don't don't take what I'm saying is beat my chest because I didn't have any real affinity for one side or the other but we went up and
665 |410 |01:19:57,000 ~-~-> 01:20:08,640 |cleared the buy side and then went back below the end There's a fair pay gap and an aversion Fair Pay Gap offered resistance. Now we're in the striking zone of
666 |411 |01:20:08,880 ~-~-> 01:20:24,990 |the sell side rate below that 1:30am, lows on NASDAQ. There's a small little fear Vega on the five minute at 930 last night. So what's that, I have that one
667 |412 |01:20:24,990 ~-~-> 01:20:28,620 |drawn out on your five minute chart, I want to do that myself right here.
668 |413 |01:20:37,229 ~-~-> 01:20:38,459 |So we're digging into that now.
669 |414 |01:20:46,529 ~-~-> 01:20:59,519 |But we ran out to the buy side. And I'm interested to see if it wants to take it all the way to the opposite end, to get the sell side at 547. To the fair pay
670 |415 |01:20:59,519 ~-~-> 01:21:17,429 |gap, it does mention to you on the five minute chart of NASDAQ that is at candle 9:30pm. Last night, so watch and see how we respect that one to become back
671 |416 |01:21:17,819 ~-~-> 01:21:29,429 |above it and like to support or we go below and sell off from it to get to the 547 or at 10 o'clock new drop down until one that chart areas a smaller fair
672 |417 |01:21:29,429 ~-~-> 01:21:44,369 |value gap up at the on a one minute chart with NASDAQ at 1001. It might be interesting, because if you look at what we did, above that, is a lot of back
673 |418 |01:21:44,369 ~-~-> 01:21:51,899 |and forth candles, where it was trading into the inverted fair value gap. So for me if it was going to be any good, and I'm not taking this trade, I'm not
674 |419 |01:21:51,899 ~-~-> 01:22:03,359 |trading today, like I mentioned, my mind, and my emotions are high right now. So that's really the point of me want to talk to you today because I want to talk
675 |420 |01:22:03,359 ~-~-> 01:22:11,759 |about Bella. The two puppies we're gonna get next week. So I'm trying to bring myself back into focusing about price. But
676 |421 |01:22:17,069 ~-~-> 01:22:29,969 |if I was right, and I did a trade, it wouldn't sound like me. I know enough that know that. I did something at a time when I'm not really focusing. And if I
677 |422 |01:22:29,969 ~-~-> 01:22:39,719 |lose, it would drive me nuts over the weekend. And I wouldn't be able to think about anything else. But that knowing that I know better. I've been doing it for
678 |423 |01:22:39,719 ~-~-> 01:22:50,639 |30 years, I've learned these lessons painfully. So I have to listen to what my experience has taught me that that scar tissue. While it doesn't promote a lot
679 |424 |01:22:50,639 ~-~-> 01:23:02,579 |of flexibility and growing, I don't need to grow anymore. I know where my weaknesses are. I know what works. I know the market. What separates me from
680 |425 |01:23:02,609 ~-~-> 01:23:13,349 |everyone else is I know when to put the brakes on for me. And most of the people out there that's pretending to be a mentor or a successful trader. They probably
681 |426 |01:23:13,349 ~-~-> 01:23:22,259 |haven't discovered that some that that skill set in themselves because there's no more than one or two new they haven't been doing it long enough. Or they're
682 |427 |01:23:22,259 ~-~-> 01:23:36,239 |fake, which really cancel the whole discussion anyway. But we're in that fair pay gap I mentioned. One One minute chart on NASDAQ fair a gap is small but it's
683 |428 |01:23:36,239 ~-~-> 01:23:55,709 |on the 1001. So if I wanted to see bearishness, I would like to see it start to drop from here and be much more energetic going back below. That February gapped
684 |429 |01:23:55,709 ~-~-> 01:24:11,579 |up mentioned on the five minute chart at 930 last night something of a little bit more of an imbalance still on the five minute chart hasn't really completely
685 |430 |01:24:11,579 ~-~-> 01:24:26,219 |come up to the low of the candle on five minutes at 9:55am. Just just below right now. Right now we just did that. So in my mind, if it wants to go lower,
686 |431 |01:24:26,219 ~-~-> 01:24:40,289 |it will want to start showing a willingness to do that now. Otherwise, any retracement back up into that 215 Five minute clip I got from this. I'm sorry,
687 |432 |01:24:40,319 ~-~-> 01:24:47,939 |from Thursday yesterday. I know some of you hear me talk like this when there's not a chart in front of me. And like why don't you just do this once you do
688 |433 |01:24:47,939 ~-~-> 01:25:03,329 |that? Why don't you just accept the fact that I'm sharing? Okay, I'm wrestling with something. And this is all I'm willing to do for right now. But as long as
689 |434 |01:25:03,329 ~-~-> 01:25:15,299 |you have a desire to keep wanting to do what it takes for you to learn more, and I'm not saying this has to be me, like, if you get to the point where you arrive
690 |435 |01:25:15,299 ~-~-> 01:25:24,239 |at the idea that I'm not the guy to learn from, I'm okay with that, I promise I'll live, it's not gonna hurt my feelings. Okay? There's people out there that
691 |436 |01:25:24,929 ~-~-> 01:25:36,869 |make money trading. And I'm sure if you really make an attempt to try to learn how to do it, but you focus primarily on you. Because you're going to be the
692 |437 |01:25:36,869 ~-~-> 01:25:49,019 |success or failure, ultimately, that decides the outcome. And so many people come into this industry, and they love to hold on to that little card to doubt
693 |438 |01:25:49,049 ~-~-> 01:25:58,349 |the excuse why they couldn't do it. It's the person I learned from, it's the this, it's the that when, in fact, as long as you know how to manage risk
694 |439 |01:25:59,069 ~-~-> 01:26:13,289 |properly, don't risk too much per trade. If you learn that skill set, I mean, put in proper sector, okay, if you go through the pathway, that I think is the
695 |440 |01:26:13,319 ~-~-> 01:26:21,149 |optimal way of learning, which is, number one, if you're going to be trying to trade, you have to discount all the bullshit where people say you can't time the
696 |441 |01:26:21,149 ~-~-> 01:26:31,769 |market, because we can, other traders do. And you have to predict price, you're not reacting to price, you're predicting it. So anything apart from those
697 |442 |01:26:31,799 ~-~-> 01:26:43,409 |central tenants is bullshit. As long as you don't waste any time, outside of those, those pillars of of thought about trading, if you're an opponent to
698 |443 |01:26:43,409 ~-~-> 01:26:50,879 |anything I just said, there, you're fucking doomed, okay, you're not going to, you're not going to be good at this, and you're going to be a one hit wonder.
699 |444 |01:26:50,909 ~-~-> 01:27:02,219 |And you're never going to have long term consistency, I guarantee you that will be the outcome. But assuming that you can align your mentality with that. The
700 |445 |01:27:02,219 ~-~-> 01:27:11,909 |first goal is for you to identify where the market is going to draw to, if you can determine where the mark is most likely not all the time, most likely, where
701 |446 |01:27:11,909 ~-~-> 01:27:25,919 |it's going to reach for. That's the largest portion of the battle. Like that's the thing. That's the thing that makes this so impossible for the news for new
702 |447 |01:27:25,919 ~-~-> 01:27:35,099 |students or new trader. Because you're looking at whatever timeframe you're looking at, and you're trying to find a pattern or an indicator indicating
703 |448 |01:27:35,099 ~-~-> 01:27:44,729 |something, instead of understanding where price is trying to travel to, it's trying to go up or trying to go down. And if you can get that correct More times
704 |449 |01:27:44,729 ~-~-> 01:27:57,989 |than not, what have you done, you have arrived at a bias. And here's the thing that you need to understand. There may be times where that bias is not obvious.
705 |450 |01:27:58,589 ~-~-> 01:28:10,049 |What do you do in those circumstances? Nothing. You wait, you simply wait, what are you waiting for, for the period of time, when it is obvious to you what it's
706 |451 |01:28:10,049 ~-~-> 01:28:19,499 |trying to reach for? And as soon as you identify it, and you know what it's likely to draw for higher or lower a specific level not a zone? Then you
707 |452 |01:28:19,499 ~-~-> 01:28:29,999 |determine where you're at right now. Is it time that we expect volatility to increase? Are we in essence, a time of day that is conducive for a sustained
708 |453 |01:28:29,999 ~-~-> 01:28:41,009 |price run? Or are we in Asia, where it's likely to sit around and do nothing? But ICT I got six examples right here where Asia. I know, I know that. But
709 |454 |01:28:41,009 ~-~-> 01:28:49,709 |predominantly, you know that between 930 and 11 o'clock, there's a strong tendency for the market to want to do what move and then have a retracement
710 |455 |01:28:49,709 ~-~-> 01:28:59,699 |during the lunch hour. And that retracement may set up another leg higher or lower whatever the morning session did, or reverse. Those are all amplified
711 |456 |01:29:00,239 ~-~-> 01:29:10,499 |topics that you want to tackle later on. But in the beginning, just want to know where the markets go to. If you do that, you're on your first steps to avoiding
712 |457 |01:29:10,589 ~-~-> 01:29:20,909 |failure. Because everybody that doesn't know where the markets likely to go, they're failing. They're missing the point, the plot escapes me and they have no
713 |458 |01:29:20,909 ~-~-> 01:29:31,259 |idea. So if you start there, and I have lessons all my lessons teach that there isn't a video that says draw on liquidity. Because all of my discussions every
714 |459 |01:29:31,259 ~-~-> 01:29:39,509 |example every lecture is always talking about that. It's always giving you a little bit more insight about each and every aspect that is required for you to
715 |460 |01:29:39,509 ~-~-> 01:29:53,489 |get good at that. And here's the missing recipe ingredient to that time. Time doing it, experience is going to be your best mentor. That's why I tell them I
716 |461 |01:29:53,489 ~-~-> 01:30:01,919 |sit down with me for at least a year. And you'll know if you have it in you, but you're going to learn a whole A lot of things that I can't sit down, say, you're
717 |462 |01:30:01,919 ~-~-> 01:30:11,459 |gonna learn unless you're gonna learn it, you'll know what would resonate with you. But if you understand that skill set, and you get good at where the market
718 |463 |01:30:11,459 ~-~-> 01:30:22,949 |is likely to go to, the next thing you need to understand is risk management. But ICT I need an entry. No, you don't. Because you literally can buy or sell
719 |464 |01:30:23,369 ~-~-> 01:30:42,089 |any fucking wares appropriate I don't think so. Test me out in August, August is the shittiest month of the summer. It's big money goes away. There are moves and
720 |465 |01:30:42,089 ~-~-> 01:30:54,869 |August, I'm not saying anything convenient volatility, but generally, symmetry. Precision elements gets a little bit muddy in August. I'll show examples of it
721 |466 |01:30:54,869 ~-~-> 01:31:02,549 |being there. But you collectively as a community should think, okay, August, that's if you're going to do any kind of vacation, it should be the month of
722 |467 |01:31:02,549 ~-~-> 01:31:14,249 |August. And feel confident that being away from the month of August isn't going to hurt you. Now, if you have that skill set of knowing, or if you're going to
723 |468 |01:31:14,249 ~-~-> 01:31:31,349 |borrow mine, when I point to certain things, where I think the market likely to go to use a micro loan one. Not a mini, not multiple ones, not 15, because your
724 |469 |01:31:31,499 ~-~-> 01:31:48,779 |funded account says you can do it. Trade with one micro law, one micro contract. And just literally, as soon as you identify the draw, determine how far it can
725 |470 |01:31:48,779 ~-~-> 01:32:01,139 |go against you before that idea would be no invalid for that session. And wherever that is, it might be 30 handles, it might be 45 handles in the NASDAQ.
726 |471 |01:32:03,659 ~-~-> 01:32:13,529 |US one micro contract, that's it one, and get in there and trade with it right there in a demo, not with your Live account, and put the stop loss at where you
727 |472 |01:32:13,529 ~-~-> 01:32:17,099 |think it would fail on that idea. And you put a limit order at the draw.
728 |473 |01:32:19,590 ~-~-> 01:32:30,540 |You're gonna find huge consistency doing that. But I'm not making a lot of money, right? Because in the beginning, it's not about making money, it's about
729 |474 |01:32:30,540 ~-~-> 01:32:39,930 |you conquering your fear about doing it wrong. But you want to be right, and you want to make the most that you can make when you're right. But you don't want to
730 |475 |01:32:39,930 ~-~-> 01:32:51,120 |lose anything. You've literally created this idea of trading in the realm of impossible that because that doesn't exist. Nobody can do what you're thinking
731 |476 |01:32:51,120 ~-~-> 01:32:58,800 |trading is all about. Nobody does that I don't, I'm my inner circle trader, I don't fucking do that. There's a, there's a
732 |477 |01:33:05,189 ~-~-> 01:33:14,489 |there's an imaginary oasis that exists in the minds of traders, when they first start doing this. They think that there is some way out there that they can
733 |478 |01:33:14,519 ~-~-> 01:33:30,629 |always go in and get the biggest winning portion of the trade. And always, always had the smallest tiniest little bit of risk and be 98% profitable. No,
734 |479 |01:33:32,009 ~-~-> 01:33:41,969 |no, you want someone to tell you? I will? No, don't do that. Don't think that don't believe that when you're first starting, where your focus is what you
735 |480 |01:33:41,969 ~-~-> 01:33:51,239 |should be believing is the most important thing is is understanding where's the draw on liquidity? And work with that, except the fact that when you get it
736 |481 |01:33:51,239 ~-~-> 01:33:59,339 |wrong, okay, what didn't you see in the chart, go into your charts and really break it down? What was there that you didn't notice? And encourage yourself to
737 |482 |01:33:59,339 ~-~-> 01:34:10,139 |say, You know what, this was a good opportunity for me to learn this about that not get mad and cuss at yourself or say I'm never gonna get this because that's
738 |483 |01:34:10,139 ~-~-> 01:34:23,489 |failing. You're on your own pathway to fail, you're doing that. Nobody gets to the winner's circle, being toxic and judgmental about themselves and not see the
739 |484 |01:34:23,489 ~-~-> 01:34:32,009 |silver lining and what it is that they're trying to learn. You have to you have to cheerlead yourself. You have to be your biggest cheerleader. And a happens
740 |485 |01:34:32,009 ~-~-> 01:34:50,219 |with a journal. A journal never. It never capsulate it never it never gives room for that. Now, you can observe what you did incorrect. And but you have to turn
741 |486 |01:34:50,219 ~-~-> 01:35:01,529 |that around and say I did this incorrect during this trade and I didn't see this. I'm thankful that I had the opportunity to see what I He didn't see then
742 |487 |01:35:01,589 ~-~-> 01:35:12,629 |now I can use this as advantageous into going forward. Do you see what I just did there? It's positive reinforcement about a shortcoming, that you as a human
743 |488 |01:35:12,629 ~-~-> 01:35:23,459 |being, didn't have the capability and capacity to understand at the time. But you're not getting yourself. You have to cheerlead yourself. You have to coddle
744 |489 |01:35:23,459 ~-~-> 01:35:32,639 |yourself, encourage yourself, all these things, these are positive self talk, it's important, because if you have anxiety, or if you develop anxiety, and some
745 |490 |01:35:32,639 ~-~-> 01:35:42,779 |of you will, if you start trading with real money, you will feel your first panic attack. It's given it's going to happen, you will feel it. And it will be
746 |491 |01:35:42,869 ~-~-> 01:35:54,509 |scary. And that in itself is a learning experience. And I've had discussions about how to manage that too. But you can't avoid it. But when you know what the
747 |492 |01:35:54,509 ~-~-> 01:36:01,949 |withdrawal is, and you get better at it, and you work through those growing pains, of not knowing how to do it right in the beginning, but learning to get
748 |493 |01:36:01,949 ~-~-> 01:36:12,539 |better at it. And then you also learn how to manage risk. If you get good at manage risk, and also known withdrawn liquidity is guess what you have become?
749 |494 |01:36:16,649 ~-~-> 01:36:29,309 |Think about what have you become the highest probable outcome is you'll be a breakeven trader. And that's a goal. When you first start, you want to get to
750 |495 |01:36:29,309 ~-~-> 01:36:37,289 |that point, because most people can't even maintain breakeven. What does that what does that mean? ICT like, what are you? What are you trying to get out
751 |496 |01:36:37,289 ~-~-> 01:36:43,469 |here? In the beginning, everybody wants to go out there start making money right away. But that doesn't work like that. Even with me training me that's not going
752 |497 |01:36:43,469 ~-~-> 01:36:52,589 |to happen, you're gonna have periods of where you do well. And then one or two things happen, and you go into a tailspin. And either your skill set or your
753 |498 |01:36:52,589 ~-~-> 01:37:02,069 |lack of control, just goes into drawdown and whatever you made, you give back and you go right back to break even, you might dip below the the initial equity
754 |499 |01:37:02,069 ~-~-> 01:37:09,149 |starting balance of your demo funded account, Live account, whatever it is, but you just hanging around that breakeven starting point, you make a little bit of
755 |500 |01:37:09,149 ~-~-> 01:37:19,529 |money, and then you lose it. And then you lose a little bit going on and you're not wrecking yourself. That water, you're in the game still. You're learning
756 |501 |01:37:19,829 ~-~-> 01:37:27,869 |that, oh, yeah, I've had losing trades. But it didn't kill me. Yeah, I've had losing trades. But I was able to sleep at night still, because I can still trade
757 |502 |01:37:27,869 ~-~-> 01:37:34,739 |tomorrow, I have an account that I can still trade tomorrow. I can trade next week, because I didn't blow the account. I didn't tear it up so bad that I don't
758 |503 |01:37:34,739 ~-~-> 01:37:44,849 |have equity to trade. Now. You have to have that mindset about what you're doing, why you're doing it. But if you understand the draw on liquidity, where
759 |504 |01:37:44,849 ~-~-> 01:37:55,259 |it's likely to go to next, and you do not impulsively take on large risk just for the sake that well, my broker lets me really, the government lets us
760 |505 |01:37:55,289 ~-~-> 01:38:01,499 |purchase cigarettes too. Even though there's so many toxins in it, it's guaranteed that you're gonna get lung cancer, give it enough time, it's not a
761 |506 |01:38:01,499 ~-~-> 01:38:11,099 |matter of will, it will give you lung cancer. Just because it's made available to you doesn't mean something that's good for you. The car goes faster than the
762 |507 |01:38:11,099 ~-~-> 01:38:20,339 |speed limits all of them do. Just because the car will go 100 mile an hour, is it appropriate for you to drive 25 mile an hour zone? 100 mile an hour in front
763 |508 |01:38:20,339 ~-~-> 01:38:34,589 |of a school? No. But your car says you could walk in I discretion, concern. sanity, and you have to have that in trading. You can't lose sight of
764 |509 |01:38:35,339 ~-~-> 01:38:46,349 |recklessness in the invitation that you are going to be given many times in this market. So now how do you get the break even I just taught you to trade it with
765 |510 |01:38:46,349 ~-~-> 01:39:03,479 |the smallest, smallest singular unit of trading. Even in demo. And you do this every day, and you condition yourself every day. And you learn more each example
766 |511 |01:39:03,509 ~-~-> 01:39:10,889 |each time you journal, you're gonna learn more about yourself. That's the thing that you want to discover. That's the most important thing. It's not about the
767 |512 |01:39:10,889 ~-~-> 01:39:22,319 |tricks I'm teaching in price action. It's about you, because you're not going to spend the time learning properly until you correct those very deviant behaviors
768 |513 |01:39:22,469 ~-~-> 01:39:32,639 |that you don't recognize right now that it's going to prevent you from being successful. You don't you don't see where that curveballs coming right now.
769 |514 |01:39:32,849 ~-~-> 01:39:42,239 |Nobody does. But at the end of the year, the first growth learning curve, when you finally get to your profitable model and you know what you're doing, when
770 |515 |01:39:42,239 ~-~-> 01:39:48,779 |you look back at that point where you know, you have something that is consistently profitable. And you know what you're looking forward to charts to
771 |516 |01:39:48,779 ~-~-> 01:39:58,979 |find that. When you look back at that point, you will see what you have done to yourself that made it more difficult and longer than it needed to be and you
772 |517 |01:39:58,979 ~-~-> 01:40:12,389 |will have to take ownership tip of that. And I talked to you with this idea in mind, because it's always us. It's always us. And nobody wants to be honest and
773 |518 |01:40:12,389 ~-~-> 01:40:19,139 |tell you that shit, especially if they're selling mentorship courses, because it sounds like you're you're beating up your patrons, you're beating up your
774 |519 |01:40:19,139 ~-~-> 01:40:27,929 |customers, and you want to make them be all hopped up and encouraged. Yeah, I have discussions with that, too. But I look at you, because I'm talking to my
775 |520 |01:40:27,929 ~-~-> 01:40:43,259 |kids. I'm talking to you with the Father. role in mind, I want to see you do well. And I fucked up a lot. And I've learned very, very expensive lessons that
776 |521 |01:40:43,259 ~-~-> 01:40:54,479 |you can't get from these dollar mentorships. Okay, these fucking guys out there that just started this, you're not gonna learn anything from them. You're not,
777 |522 |01:40:55,289 ~-~-> 01:41:00,659 |there's nothing wrong with appreciating their, their approach to trying to do it on their own. There's nothing wrong with that. And if they want to pay a
778 |523 |01:41:01,079 ~-~-> 01:41:10,199 |subscription based fee that observe them, don't call it that. But don't call it a mentorship because you're, you're, you're not really teaching anything. You're
779 |524 |01:41:10,199 ~-~-> 01:41:19,919 |discovering yourself still. And you're fleecing people in their ignorance in their pursuit to try to get there faster. And I'm trying to be a voice of reason
780 |525 |01:41:19,919 ~-~-> 01:41:29,489 |for people. I'm not 20 years old, I've been here for a while. And I've seen a lot of things. And I'm able to do a lot of things that most of these folks
781 |526 |01:41:29,489 ~-~-> 01:41:42,509 |probably will never be able to do in your life. And the topics that matter most to traders development are the boring ones. That's the foundation. Knowing where
782 |527 |01:41:42,509 ~-~-> 01:41:55,049 |price is gonna go as the first mystery that you have to solve in, in trading. Anybody a knee body, that tells you that your job is not to try to predict price
783 |528 |01:41:55,079 ~-~-> 01:42:04,859 |is fucking moron. They're fucking stupid. They're moron, they had no business trying to be a fucking educator, you have no business, even speaking on the
784 |529 |01:42:04,859 ~-~-> 01:42:11,639 |matter of trying to teach anybody, if you're trying to tell somebody that their job is not to try to predict price, when the whole fucking point of trading is
785 |530 |01:42:11,729 ~-~-> 01:42:19,649 |predicting an entry point and hoping that you're right in the directional bias that you've entered on? Otherwise, what the fuck are you doing? What is it that
786 |531 |01:42:19,649 ~-~-> 01:42:29,609 |you're doing? If you're not trying to predict the future fucking chains, action of prices going higher or lower and being positioned to profit from that? What
787 |532 |01:42:29,609 ~-~-> 01:42:45,059 |the fuck do you call you what you're doing? What is it? Because where I'm from, that's fucking gambling. It's fucking gambling. I am not a gambler, I'm looking
788 |533 |01:42:45,059 ~-~-> 01:42:51,209 |in there. I said, Okay, there's a real reason for the market to go up there, why there's a huge pool of liquidity
789 |534 |01:42:52,500 ~-~-> 01:43:02,610 |in the form of buy stops is a huge pool of liquidity in the form of sell stops. It hasn't been there in recent times. And we have seen the other side of that
790 |535 |01:43:02,640 ~-~-> 01:43:10,110 |liquidity matrix tapped multiple times. And it's not showing a willingness to want to go in that direction anymore. So what's it going to do, it's going to
791 |536 |01:43:10,140 ~-~-> 01:43:19,410 |revert back to the opposing side of liquidity replaced with liquidity, inefficiency, the same things happening, the mechanism for these price engines
792 |537 |01:43:19,590 ~-~-> 01:43:28,770 |are going to be on the basis of two fucking things. inefficiency above or below the marketplace, that's a fair value gap, or real gap. What's a real gap,
793 |538 |01:43:29,370 ~-~-> 01:43:41,850 |opening range gap, a new week opening gap, where there's no transactions made between two price points. or above old highs for buy side or below lows for sell
794 |539 |01:43:41,850 ~-~-> 01:43:54,210 |side. That's it folks. And once you understand what it is that you're looking for, and reaching for, you can go into these moves and look at where points of
795 |540 |01:43:54,210 ~-~-> 01:44:03,150 |entry can be made. In the beginning, it's important for you to identify the fact that they don't have to be perfect. But you are expecting perfect in the
796 |541 |01:44:03,150 ~-~-> 01:44:13,320 |beginning and you can't obtain that. I can't deliver that to you. You are messing it up in the beginning. I messed it up. Everybody that ever learns from
797 |542 |01:44:13,320 ~-~-> 01:44:23,490 |me in the future. We're gonna they're never going to be if I get to 2024 or 2025 I just he comes out of fucking retirement boom, here it is. He was a liar. He's
798 |543 |01:44:23,490 ~-~-> 01:44:32,880 |coming back and doing mentorships again if that was to happen, and it's never gonna happen Jesus name I'm telling you, that is never happening. But if I were
799 |544 |01:44:32,880 ~-~-> 01:44:42,300 |able to do that, again, that batch of people that would come to me would not learn it faster, better, I wouldn't have another way of telling you these things
800 |545 |01:44:42,300 ~-~-> 01:44:53,970 |would be the same things I would be telling them but you're asking me to open up a mentorship I'm literally talking to you right here on monetized. I'm mentoring
801 |546 |01:44:53,970 ~-~-> 01:45:05,970 |you right now. And you can't even identify it. You can't even read recognize the fact that I'm mentoring you right now. But because you didn't pay me, you feel
802 |547 |01:45:05,970 ~-~-> 01:45:12,600 |like you're not doing it isn't happening. These are the things that you're supposed to learn. These are the things that you're supposed to be looking for.
803 |548 |01:45:16,230 ~-~-> 01:45:25,260 |What's, what's the point of you, watching my videos or listening to me talk about it, unless you're gonna put it into practice. That's a terrible waste of
804 |549 |01:45:25,260 ~-~-> 01:45:32,880 |time. If you're, if you're just listening to me, and you're not doing anything with the things I'm telling you to focus on, train yourself test, build a back
805 |550 |01:45:32,880 ~-~-> 01:45:41,820 |testing log of, of journal entries and exits and things that you use studied and hold hindsight moves. If you're not doing those things, you're wasting your
806 |551 |01:45:41,820 ~-~-> 01:45:53,280 |time. And that's horrible. Why would you want to do that? Time is something that we don't get more of. In my time is fucking expensive. There's a whole lot of
807 |552 |01:45:53,280 ~-~-> 01:46:00,240 |things I could be doing right now, instead of talking to all of you. I'm not getting monetized for this, I'm not getting any reward for it. Except for I
808 |553 |01:46:00,240 ~-~-> 01:46:07,650 |know, I'm talking to somebody, somebody in this community right now that's hearing this, you may be listening to it in the future. You're not listening to
809 |554 |01:46:07,650 ~-~-> 01:46:19,050 |it July 21st 2023. But it is found you. You needed to hear these things. I can tell you this much. When I was 20. I needed to hear these things. But I didn't
810 |555 |01:46:19,050 ~-~-> 01:46:26,580 |need to know I didn't know that I needed to hear it then. Because I was worried about entries. I find an entry technique. We're going to unblock that cell site
811 |556 |01:46:26,580 ~-~-> 01:46:30,360 |by the way. Why don't we back up to that inversion Fairbury get up again, I
812 |557 |01:46:36,510 ~-~-> 01:46:46,290 |lost my train of thought, give me a second to drink 45 minute session member? Go I think he over delivers.
813 |558 |01:46:55,590 ~-~-> 01:47:10,410 |Anyway, failure isn't as a choice, okay. And if you learn how to determine where the market Why should the market go to a specific level? Okay, if you can, if
814 |559 |01:47:10,410 ~-~-> 01:47:20,040 |you can identify both and developers perspective or spectrum. Okay. And what does that mean? This morning? I sent you a tweet. on NASDAQ. I'll give you one
815 |560 |01:47:20,040 ~-~-> 01:47:28,110 |market to watch. I wanted to focus on one market. Why did I only pick one market? Why am I not looking at a yes? Why am I now looking at Eurodollar? Why
816 |561 |01:47:28,110 ~-~-> 01:47:35,640 |the cable and cable? That favorite pair of view? And in trading Forex? Why aren't you looking at the dollar index? And why don't you ever talk about the
817 |562 |01:47:35,640 ~-~-> 01:47:47,190 |Dow? Why don't you worry about what I'm talking about? And focus like I'm trying to keep my focus ever consider that you're asked? Well, let me see what I can
818 |563 |01:47:47,190 ~-~-> 01:47:55,890 |get from just following whatever he's looking at right now. That's what I always ask when I see people complaining about why don't you ever talk about gold? For
819 |564 |01:47:55,890 ~-~-> 01:48:05,700 |gold, gold is highly manipulated. Okay, you literally are asking to get burned trading gold. I know there's a lot of people out there with, you know, their
820 |565 |01:48:05,760 ~-~-> 01:48:18,720 |their fake brokers and ricochet examples of golden this and golden gold is an event driven market. So what I do is I take my students into highly liquid asset
821 |566 |01:48:18,720 ~-~-> 01:48:27,900 |classes. Forex was my cup of tea for a long period of time. But I took everybody's attention back to where I started as a trader in 1992. commodities
822 |567 |01:48:27,900 ~-~-> 01:48:42,060 |and futures index. These markets are absolutely professional. There's no tom fuller in that. There's no brokers fucking what your spread, okay? Everybody has
823 |568 |01:48:42,060 ~-~-> 01:48:51,870 |the same price. Everybody has the same price. When we're looking at the s&p, everybody has the same price on NASDAQ unless you're trading a CFD, which I
824 |569 |01:48:51,870 ~-~-> 01:49:00,780 |don't do that. But I know some of you can't do it. And that's the only way you can do it. But you're met with that conundrum now, aren't you? You have to deal
825 |570 |01:49:00,780 ~-~-> 01:49:07,050 |and factor in spreads. How do you overcome that fear? I see I'm worried about because, you know, sometimes the data doesn't match, right? Well think about
826 |571 |01:49:07,050 ~-~-> 01:49:19,050 |what I said. You first start worrying about when I shouldn't say boring, you should concern yourself with where the markets likely to draw to. That is the
827 |572 |01:49:19,050 ~-~-> 01:49:33,300 |absolute golden ticket. Because if you know how to do that, given enough time, you will find a entry model that you'll love taking. It makes perfect sense for
828 |573 |01:49:33,300 ~-~-> 01:49:43,050 |you. It meets and agrees with your personality. No matter how much money I show I can make with one PDA right or another. It won't matter to you. That's
829 |574 |01:49:43,050 ~-~-> 01:49:50,460 |maturity. That means that you have found your model. You're not trying to leave what you found you, you you're now blooming where you're planted. That's the
830 |575 |01:49:50,460 ~-~-> 01:49:58,290 |Endeavor all of you should be aspiring to do. That's what I'm trying to coach you on to doing. Not trying to make you a master of everything I'm teaching.
831 |576 |01:49:58,650 ~-~-> 01:50:10,170 |That's not going to happen. You Okay, you need to find one that makes perfect sense to you warm up to it, and spend some time with it. And when you understand
832 |577 |01:50:10,170 ~-~-> 01:50:21,690 |where the markets likely to draw to liquidity and inefficiency, the easiest way folks, listen to me, the easiest way to get through the initial learning curve
833 |578 |01:50:22,440 ~-~-> 01:50:32,610 |is to do this very thing. Every session, when we're talking about when Marco was gonna open up at 930, I thought I was waiting for the opening bell. And I wanted
834 |579 |01:50:32,610 ~-~-> 01:50:40,560 |to see how we traded at these points of liquidity. And I gave you the one inversion fair Vega, I'm gonna see how we treated that. Now, why did I pick
835 |580 |01:50:40,560 ~-~-> 01:50:49,620 |that? You're probably thinking, why did you pick that fair pay gap. And why not this timeframe on that inefficiency, why this one, not, not that candle. If you
836 |581 |01:50:49,620 ~-~-> 01:51:00,030 |look at the range, I gave you on a five minute chart on the NASDAQ. I gave you the high. I'm going to scroll back here and charts move forward to once I gave
837 |582 |01:51:00,030 ~-~-> 01:51:17,220 |you the high or NASDAQ five minute chart at 130. Thursday, July 20 2023, the 1:30pm, New York local time, I knew the high and the high to the left of it on
838 |583 |01:51:17,220 ~-~-> 01:51:37,290 |the five minute chart at 12:50pm. So for the symbol on TradingView, it's NQ u 20235 minute timeframe. I put a horizontal line on the 12:50pm from yesterday,
839 |584 |01:51:37,560 ~-~-> 01:51:51,750 |Thursday, July 20. and laid it on top of the relative equal high, which is at 130. Thursday, July 20, all on a five minute basis, then I highlighted the fair
840 |585 |01:51:51,750 ~-~-> 01:52:05,250 |value gap above it on a 1225 minute candle on NASDAQ. That's what that little blue shaded area was. And I gave you the liquidity in the form of buy side at
841 |586 |01:52:05,280 ~-~-> 01:52:21,720 |15,007 14 and three quarters. And I highlighted the sell side liquidity at 15,005 47. Even now, between the low on the five minute chart at 325 Yesterday,
842 |587 |01:52:22,530 ~-~-> 01:52:36,930 |where I have the sell side liquidity annotated. And I'm talking about a chart I tweeted and then the high of 11:35am yesterday. So I'm showing you a specific
843 |588 |01:52:36,930 ~-~-> 01:52:47,580 |range. And I showed it buyside liquidity inside that range. Now, think about what I said in the tweet. I said I have no bias right now. That means Can I
844 |589 |01:52:47,580 ~-~-> 01:52:59,310 |trade? Can you trade without a bias? Absolutely. Absolutely. You can trade all these small little minor fluctuations inside that range between the 1135, high
845 |590 |01:52:59,730 ~-~-> 01:53:13,650 |in NASDAQ of yesterday to the low of NASDAQ at 3:25pm. That range, if you divide that in quadrants, that's, that's creating a price swing. Okay, I have a lesson
846 |591 |01:53:13,650 ~-~-> 01:53:27,300 |on that on my YouTube channel. In terms of premium and discount, if you put your finger on that high to that low, I highlighted inside the range from the low at
847 |592 |01:53:27,630 ~-~-> 01:53:45,120 |325. Back up to the high at 1135. And so on a five minute chart. I showed you the internal range by side liquidity at 15,007 14 and three quarters. What I'm
848 |593 |01:53:45,120 ~-~-> 01:53:53,580 |saying or what I'm drawing your attention to is I didn't expect because with no bias. I'm not saying that I think that we're going to go back above 15,800. At
849 |594 |01:53:53,580 ~-~-> 01:54:01,800 |the time I tweeted that. And I wasn't certain if they wanted to take us below sellside liquidity yet. So I wanted to see how we traded going into the 930
850 |595 |01:54:01,800 ~-~-> 01:54:15,900 |opening bell. But I shared with you the imbalance inside of that range. That has my intention. It's that inversion fair pay gap. It's like a I don't know what
851 |596 |01:54:15,900 ~-~-> 01:54:24,930 |you would call it color. Give me a give me all of your opinion about what that color is the the fair value got that I highlighted on the five minute chart. And
852 |597 |01:54:24,930 ~-~-> 01:54:37,350 |my wife's told me something so many times I'm colorblind. Maybe I am I don't know. But the candle was 2:15pm. Thursday, July 20 2023. On a chart that I
853 |598 |01:54:37,350 ~-~-> 01:54:47,760 |tweeted, I always call it like an orange. But every time I say it out loud orange and I see it. I don't think that's a good. I don't think it's a good
854 |599 |01:54:47,760 ~-~-> 01:54:55,920 |description of what you that is. But what color would you call that? And whatever you guys collected, we get to as a majority. I'll refer to it as that
855 |600 |01:54:55,950 ~-~-> 01:55:08,880 |it doesn't. It doesn't look like an orange now that I'm talking about but you that imbalance. Notice that it's been utilized multiple times here. So if you
856 |601 |01:55:08,880 ~-~-> 01:55:15,330 |take your Fibonacci and you drop your fib on the low of the five minute candle at
857 |602 |01:55:22,590 ~-~-> 01:55:41,400 |to 10, yesterday PM, that low comes in at 15,665 and a half. And then you highlight the high on Kindle 2:20pm on July 20 2023, of the five minute chart on
858 |603 |01:55:41,400 ~-~-> 01:55:54,180 |NASDAQ, and that high comes in at 15,644. Even if you drop your fib on that, on those two price points, and you add the quadrants that point to five, the point
859 |604 |01:55:54,180 ~-~-> 01:56:05,160 |seven, five, and 2.50. That'll give your your your four gradient levels, the actual high, the upper quadrant, the midpoint, the lower quadrant, and the low
860 |605 |01:56:05,190 ~-~-> 01:56:18,630 |of that city where it says unbalanced by center efficiency. If you do that, look at how price reacted off of these one of those levels. But notice that we ran
861 |606 |01:56:18,630 ~-~-> 01:56:33,270 |for the buy side first. So that 15,007 14 and three quarters once it hit that what would be the opposing drawl and liquidity. What was in the chart that I
862 |607 |01:56:33,270 ~-~-> 01:56:50,910 |showed you? The 15,005 47 and a half, I'm sorry. And even. I'm sorry. So 15,547 Even, that's where sellside is Belinda. So at at nine o'clock, we went up there
863 |608 |01:56:50,910 ~-~-> 01:57:07,560 |at 905 above the buy side. And then at 930. We went above it. And then at 935, we did it again. We went lower, traded down inside of that inversion fair value
864 |609 |01:57:07,560 ~-~-> 01:57:21,930 |gap from the 2:15pm. Five Minute sell side unbalanced bias and efficiency is that it's the orange shaded fare Vega showed in the chart this morning on
865 |610 |01:57:21,930 ~-~-> 01:57:38,250 |Twitter. So we move lower below that and various inversion fair value gap. And then at 1010 and 1015. On a five minute chart, it went back up into it,
866 |611 |01:57:38,280 ~-~-> 01:57:50,310 |repriced, to the bottom of that, and then did what it ran for the sell side. That would be existing right below the 10 o'clock low. We went down it didn't
867 |612 |01:57:50,310 ~-~-> 01:58:01,650 |get below the 15,547 level yet. But inside of that movement lower p dropped down to a one minute chart. I'm actually saved myself a lot of time doing a video
868 |613 |01:58:01,650 ~-~-> 01:58:12,360 |today. I was I was like to tell my wife, I said I'm probably gonna do a review video, but I'm just not feeling it like I'm not. And I feel I'm growing more
869 |614 |01:58:12,360 ~-~-> 01:58:22,620 |into it. Now it doesn't talk about pricing. It's distracting me from my morning, but morning innocence that my pets have gone in the morning and time of day. But
870 |615 |01:58:22,650 ~-~-> 01:58:39,030 |if we look at the one minute chart after, okay, after we hit the buy side at 15,007 14 and three quarters, what took place, start at 930 Put a vertical line
871 |616 |01:58:39,030 ~-~-> 01:58:52,710 |on 930. I'll give you time to do it while I'm doing it. So put a vertical line on your chart at 930. I'm gonna walk you through how to back test. And I'm gonna
872 |617 |01:58:52,710 ~-~-> 01:58:58,140 |piss a lot of you because I'm not dealing with the chart. But this is better. This is better It forces you to go on your chart, because I'm telling you all
873 |618 |01:58:58,140 ~-~-> 01:59:10,200 |the pertinent points of reference. We're all looking at a one minute chart right now on NASDAQ and the symbol for trading view is NQ. You 20231 minute chart
874 |619 |01:59:10,380 ~-~-> 01:59:27,990 |NASDAQ with a vertical line at 930. At 930 I want you to swing it rallies from where's it where's it start? At 930. We dropped down into that inversion for
875 |620 |01:59:27,990 ~-~-> 01:59:39,750 |Vega. Then where's it go? It runs right to the 15,007 14 and three quarters level. What is it doing? It's doing two things there. It's pricing in the
876 |621 |01:59:39,750 ~-~-> 01:59:49,470 |morning, high. During the opening range. When is the opening range between 930 and 10 o'clock in the morning? Put another vertical line at 10 I'm sorry, that's
877 |622 |01:59:49,470 ~-~-> 02:00:00,300 |a temporary 930 to 10 o'clock this is the only thing about doing things live because when you listen to it, it'll drive me nuts when people ask Same
878 |623 |02:00:00,300 ~-~-> 02:00:10,770 |questions. You said this, what do you say it's just I'm human, I made a mistake. So I wanna make sure I'm saying it correctly here. The opening range is 930 New
879 |624 |02:00:10,770 ~-~-> 02:00:19,890 |York local time in the morning to 10 o'clock in the morning, New York local time. So it's a 30 minute window to a 30 minute window, we see price at the open
880 |625 |02:00:20,610 ~-~-> 02:00:33,630 |at 930. On a one minute chart, it opens drops down into the inversion fair Vega then it rallies up above the high that was formed at 908 today, so eight minutes
881 |626 |02:00:33,630 ~-~-> 02:00:53,880 |after nine New York local time. The high comes in at 15,717.50 The high at 934. Four minutes after the opening bell the high comes in at 15,719 and a quarter.
882 |627 |02:00:54,510 ~-~-> 02:01:06,810 |So we ran out that high it was formed eight minutes after nine it reacted off of the inversion fairway got that I tweeted this morning. Then what happens look
883 |628 |02:01:06,810 ~-~-> 02:01:24,870 |close we're again we're looking at a one minute chart the market rallies lower takes out the low formed at 931. Then looking at the high that formed at 934 and
884 |629 |02:01:24,870 ~-~-> 02:01:38,430 |935 that was above that by some liquidity I gave you a chart with this morning it displaced lower below a swing low on the one minute candle stick at 931 Do
885 |630 |02:01:38,430 ~-~-> 02:01:56,340 |you see that? That price leg that makes the lower low at 941 from that low at 941 Time to the high at 930 for that displacement like does it have a fair value
886 |631 |02:01:56,340 ~-~-> 02:02:16,410 |gap in it? Yes to at 938 and a higher one at 937 When you have two fair value gaps What did I teach you with the model 2022 You have to factor in the
887 |632 |02:02:16,410 ~-~-> 02:02:26,190 |likelihood that it wants to go into the second higher one. So your stock would have to be what has to be above that that requirements for that Pharaoh you got
888 |633 |02:02:26,640 ~-~-> 02:02:43,710 |so your stop would have to be at that high at the 934 Candle look at the low on the 936 One minute candlestick on that day. See that that right there is the
889 |634 |02:02:43,710 ~-~-> 02:02:57,600 |high of the upper most fair Vega inside that displacement like go to the left two candles on a one minute candlestick chart you're going to be on the 930 for
890 |635 |02:02:59,160 ~-~-> 02:03:13,230 |one minute candlestick on NASDAQ draw a horizontal array or I guess it's one trade it's called array highlight the array as a trendline click on that and
891 |636 |02:03:13,230 ~-~-> 02:03:23,280 |then go over to your 9:34am July 21 2023 Drop it on the opening price of that candlestick
892 |637 |02:03:36,539 ~-~-> 02:03:55,979 |your horizontal Ray I say right horizontal Ray and drop it on the opening price of the 934 candlestick. Look at the bodies on the candlestick of 945 and ninth
893 |638 |02:03:55,979 ~-~-> 02:04:19,769 |46 it's respecting that right what is the low of 930 fours one minute candle 15,006 97 and a half put another horizontal Ray right at that so you had two
894 |639 |02:04:19,769 ~-~-> 02:04:37,769 |bodies at nine What is it 945 946 those bodies close and open inside of it. The two price points of that bearish order block with a fair value get after
895 |640 |02:04:37,769 ~-~-> 02:04:54,539 |displacement lower after biocide has been taken is that candlestick at 945 and or 946? Is that not the 2022 model that I told you last year? Yes. And then I
896 |641 |02:04:54,539 ~-~-> 02:05:06,329 |mentioned at the time of our discussion this morning here in this Twitter space again yield a go back to your five minute chart for a moment. I gave you the
897 |642 |02:05:07,619 ~-~-> 02:05:21,389 |9:30pm, Thursday, July 20 2023, the 930 candlestick on the five minute chart of NASDAQ, I told you that's a fair Vega. Be aware of that one, go back down into a
898 |643 |02:05:21,389 ~-~-> 02:05:39,269 |one minute chart. From the model 22, entry at 946 or 945. Candle, your stop would have to be above the high at 930. Force One minute candle. So it's not
899 |644 |02:05:39,269 ~-~-> 02:05:48,959 |even that much in terms of range. But if you're trying to do 15 contracts, on your funded account challenge, or your funded account, that's too much risk.
900 |645 |02:05:51,209 ~-~-> 02:06:05,279 |Now, go in and use that with that one micro idea that I was telling you about use one micro use the worst case scenario entry. What would that be? Look at the
901 |646 |02:06:05,279 ~-~-> 02:06:21,179 |low on the 96. Candle. It's 690 6.25. Take one take away from that. So 15,006 96, even. That's where you you would try to get in to your short there.
902 |647 |02:06:21,509 ~-~-> 02:06:39,389 |And your stop loss would have to be above 15,719 and a quarter. So stop at 15 719 layer, one micro, not mini micro. You're teaching yourself how to trade
903 |648 |02:06:39,419 ~-~-> 02:06:46,889 |you're teaching yourself how to trust the setups, you're teaching yourself how to follow a model, not make a lot of money right now or have to gate. It's not
904 |649 |02:06:46,889 ~-~-> 02:07:01,019 |how you do this. The movement from that price point down to that fair value gap I mentioned around the 15,005 88 level. Look how it delivers to a here. And then
905 |650 |02:07:01,079 ~-~-> 02:07:13,049 |what does it do at that point, once it gets down to that fair value gap? Again, I made a chart, the paragraph I'm talking about where it trades down to is the
906 |651 |02:07:13,049 ~-~-> 02:07:24,209 |9:30pm. very vague up on the five minute chart on NASDAQ. I'm sure there's going to be multiple versions of this on YouTube. So for the people that can't follow
907 |652 |02:07:24,209 ~-~-> 02:07:30,779 |along, are getting frustrated. I promise you if you listen to what I'm telling you, I'm telling you the very candles. You go through it with your chart and
908 |653 |02:07:30,779 ~-~-> 02:07:43,619 |you'll see it it's there. But we traded down to that fair value gap on the one minute candlestick we're on for NASDAQ right now. At 1003. We trade into that
909 |654 |02:07:43,619 ~-~-> 02:07:50,759 |fear Vega. The next candle we open and then we start rallying higher where did it rally back up to some random level?
910 |655 |02:07:55,800 ~-~-> 02:08:12,090 |The inversion fair Vega. The last I sent a tweet with the target. drew your attention into XR one such as a fair value gap there. We have repriced back up
911 |656 |02:08:12,090 ~-~-> 02:08:18,480 |to the inversion fair value gap, that fair value gap that I told you that was at 1001. Do you see how it's reacting off of it right now?
912 |657 |02:08:24,270 ~-~-> 02:08:34,140 |We went from the fair value gap that I mentioned in this Twitter space, up to the inversion Faraday get what you knew about from the tweet this morning. And
913 |658 |02:08:34,140 ~-~-> 02:08:47,160 |then it trades down in the direction of the sell side at 15,005 47. Even remember that sort of sell side resigned? Does it need to go to that sell side?
914 |659 |02:08:47,760 ~-~-> 02:08:59,640 |This is where the critics and the people that are selling courses will say see ICTs concepts don't work or ICT got it wrong? Because it didn't go yet below
915 |660 |02:08:59,640 ~-~-> 02:09:14,580 |15,005 47. But what did it offer their sell side now below the 1003 intento. For Lowe's Wouldn't that price run back up to the inversion fair value gap trading
916 |661 |02:09:14,580 ~-~-> 02:09:28,800 |around 15,006 45 and then sells off? It goes below the lows at 1003 and 1004 respectively. So their sell side below that. It doesn't need to go to 15,005 47
917 |662 |02:09:28,830 ~-~-> 02:09:41,190 |even or lower. I believe that still might do so but for you to find a trading opportunity. Do you need it to do that? Now because it's offering you the
918 |663 |02:09:41,190 ~-~-> 02:09:50,730 |opportunity to take obviously a partial add to the fair pay gap I mentioned during this Twitter space and then rally up to the inversion fair value gap
919 |664 |02:09:50,760 ~-~-> 02:10:02,040 |offered what? At 1017 What is that inversion fair value gap repricing back up to it and acting as resistance on a one minute chart. And then going lower in the
920 |665 |02:10:02,040 ~-~-> 02:10:13,320 |direction of the 15,047 lows that we were looking for it to go below. Look at the fair value gap inside of that inversion fair value gap. On a one minute
921 |666 |02:10:13,320 ~-~-> 02:10:28,830 |chart, it's the candle at 9:48am today see that, draw that out with your rectangle there on your trading view and highlight the candlesticks low at 947
922 |667 |02:10:29,850 ~-~-> 02:10:37,560 |to the high of the candlestick of 949.
923 |668 |02:10:42,899 ~-~-> 02:11:00,479 |It comes up bumps the low of that fair pay gap and that candlestick at 949 is high is 15,006 47 and a half the high of 10 Seven teens candle is 15,006 48.
924 |669 |02:11:00,509 ~-~-> 02:11:14,369 |Even. So we went into that fair value. And it's also the inversion fair value, then we sell off running for sell side below the lows of 23 intent before
925 |670 |02:11:16,439 ~-~-> 02:11:31,079 |digging down towards the direction of where the sell side is, then it runs back up into the February gap I mentioned this morning, during this Twitter space. It
926 |671 |02:11:31,079 ~-~-> 02:11:42,929 |fails to go lower below that 15,005 47 And then runs above the fair value gap that goes into the one I was talking about. It's no one. So your one minute
927 |672 |02:11:43,649 ~-~-> 02:12:00,479 |candlestick chart, the fair a gap at 1001. Woman after 10. And then we're told is a really, really small one. Price rallied up into that and overshot it a
928 |673 |02:12:00,479 ~-~-> 02:12:15,389 |little bit, but the high or the drawdown on or heat on that comes in at higher 15,006 20 and a half. Now, if you're looking for setups, and we've already taken
929 |674 |02:12:15,419 ~-~-> 02:12:32,099 |15,007 14, and three quarters by side, the drawl is 15,005 47 even every premium pdra Everything that would constitute a ICT selling scenario. If you look at
930 |675 |02:12:32,099 ~-~-> 02:12:42,179 |this chart, on a one minute basis, there's many instances where you can get in. Do you see the one I'm talking about now, on the return back into that tenant?
931 |676 |02:12:42,179 ~-~-> 02:12:59,279 |One fair Vega, which I talked about live here with you. We reacted from that, at 15,615. Down to right now at 15,005 80. That's 25 handles? Do you realize if you
932 |677 |02:12:59,279 ~-~-> 02:13:12,239 |do 25 handles a day one time in NASDAQ with one mini you're doing way better than the average person working in Maryland, Maryland. But then in America. You
933 |678 |02:13:12,239 ~-~-> 02:13:28,919 |missed the fair value gap. Okay, you missed the fair value gap at one minute chart at 937. You don't see the model 2022. Okay. Okay, no problem. Go through
934 |679 |02:13:28,919 ~-~-> 02:13:39,629 |your chart like this. And identify all the opportunities, the way I teach you. It runs through one side the buy side or sell side, I don't know which one's
935 |680 |02:13:39,629 ~-~-> 02:13:47,609 |gonna go to ahead of 930 opening, it could very easily traded down to the sell side first. And then could have set up an opportunity for us to then reach for
936 |681 |02:13:48,029 ~-~-> 02:14:03,689 |the buy side at 15,007 14 and three quarters. You have to have a an envelope. Above and below. You're looking for buy side and sell side in a range. I
937 |682 |02:14:03,689 ~-~-> 02:14:14,069 |explained to you why I picked that range. If you go and look at the one trade setup for life, the context of what I was using that range with I teach that in
938 |683 |02:14:14,069 ~-~-> 02:14:26,339 |that video. I gave you the chart the framework what I'm looking at this morning, you do not need book map. Okay? You don't need all these things. If it helps you
939 |684 |02:14:26,759 ~-~-> 02:14:38,009 |to see it visually in concert with what I'm teaching you conceptually. There's no problem there. But I promise you this, you will outgrow those things because
940 |685 |02:14:38,039 ~-~-> 02:14:49,829 |you don't need to know like for instance, right above the high and woman chart above the high of 15,006 20 and a half. There's by orders right there. I don't
941 |686 |02:14:49,829 ~-~-> 02:14:57,959 |have booked math. I don't have all those things. I just know that by orders had been trailed lower, and anybody wants to go long. They're gonna want to be a
942 |687 |02:14:57,959 ~-~-> 02:15:10,199 |buyer above that. But my, my approach to teaching you is how to look at things very simplistic. It doesn't seem simplistic because I have a lot of technical
943 |688 |02:15:10,199 ~-~-> 02:15:18,419 |jargon that people will say it's rebranded bullshit, but none of this stuff exists anywhere else. It might look like because I have a rectangle. Okay? Am I
944 |689 |02:15:18,419 ~-~-> 02:15:30,299 |have a trendline on here mocking, retail Support Resistance diagonally. But I attack that stuff. Oh, lows, I don't look at that as support, I want to run to
945 |690 |02:15:30,299 ~-~-> 02:15:39,989 |it and through it. Old highs, I'm not looking at that, as going up there and act as resistance, I want to see like the SWAT team bash through it, run through it
946 |691 |02:15:39,989 ~-~-> 02:15:50,549 |like it's nothing. Because I want the orders above that high, I want the orders below that old low. They're not sitting at the low is below it. So when I'm
947 |692 |02:15:50,549 ~-~-> 02:16:01,019 |teaching you as my students, I'm teaching you how to anticipate to predict, not react, I'm teaching you how to look at the chart and say, Okay, I can see where
948 |693 |02:16:01,019 ~-~-> 02:16:10,439 |those victims are going to get hit. Who's the victims, the people that have stop orders above old highs and below lows. They should have stop losses, it's good.
949 |694 |02:16:10,769 ~-~-> 02:16:18,539 |It's good that they're using that. But it's even better that they're doing it because we can attack it, go after it and and use them for counterparties to our
950 |695 |02:16:18,539 ~-~-> 02:16:27,989 |trades. Don't feel bad for them. You know, as a Christian, you shouldn't feel bad for them, because they knew the risks when they signed up. Everybody reads
951 |696 |02:16:27,989 ~-~-> 02:16:36,389 |those risks language, right? You couldn't tell me one sentence, any risk disclosure gave you, you just want to get in and make money saying with them.
952 |697 |02:16:36,929 ~-~-> 02:16:44,369 |They know that if they're wrong, they're gonna lose money. But just like we talked about in this conversation, most people don't identify the measure of
953 |698 |02:16:44,369 ~-~-> 02:16:54,149 |risk that's available, they only see the potential upside. And I teach with the expect that you need to appreciate that measure of risk and be respectful of it.
954 |699 |02:16:54,869 ~-~-> 02:17:01,259 |Because if you don't, you won't be in this game long enough to really get good at it. And then appreciate and glean the fruits that are available to those that
955 |700 |02:17:01,259 ~-~-> 02:17:12,719 |know how to do it. So anyway, going back into this one minute chart, I gave you the framework on the two sides of liquidity. Okay. And without a bias. You wait,
956 |701 |02:17:13,439 ~-~-> 02:17:26,909 |Which side did they run for at the 930? Opening? They took the buy side? Okay, wonderful. Where's counterparty liquidity? I gave you 15,005 47. Now in between
957 |702 |02:17:27,449 ~-~-> 02:17:46,259 |15,714.75 and 15,005 47, even is it going to be a straight line from 15,007 14 and three quarters down to 15,005 47 even know that's the benefit of using these
958 |703 |02:17:46,259 ~-~-> 02:17:59,459 |lower timeframe charts because it gives you a plethora of setups to either engage in trade with demo or live or opportunity the back tested. So right now,
959 |704 |02:18:00,329 ~-~-> 02:18:09,119 |it's 11 o'clock, I want you to screenshot your one minute chart of NASDAQ the way it is exactly right now, don't wait, just hit that little camera button
960 |705 |02:18:09,119 ~-~-> 02:18:18,449 |upper right hand corner on trading view. And you should see, let me count real quick, I'm not going to do all of that, I'll give you the ones that you should
961 |706 |02:18:18,449 ~-~-> 02:18:36,089 |know, based on what I've taught on my YouTube channel 12346.
962 |707 |02:18:41,219 ~-~-> 02:18:58,169 |You should see at least seven potential entries, all shorts using the 15,005 47 as a draw, and it doesn't even need to be hit to find profitability. If you look
963 |708 |02:18:58,169 ~-~-> 02:19:13,199 |at the if you look at the model 2022 entry, which was around the 945 946, one minute candles that sell off all the way down to the fair value that I mentioned
964 |709 |02:19:13,229 ~-~-> 02:19:26,969 |during the presentation that we're talking to now. That in itself is a pretty handsome run. It's almost on handles is on the run with that. That's a good
965 |710 |02:19:26,999 ~-~-> 02:19:39,869 |that's a nice haul. Then it returns back up into the inversion fair value gap goes lower, runs out the lows that were formed at 1001 and 10. I'm sorry, 10 to
966 |711 |02:19:39,869 ~-~-> 02:19:53,999 |three internal for women at lows and just fall short of the 15,447. So the self stops that are resting just below that level. They're still intact. I don't
967 |712 |02:19:53,999 ~-~-> 02:20:03,029 |trust that they're going to stay intact, but that's where we're at right now the time the life is shorter space. But then we run right back up in that fair pay
968 |713 |02:20:03,029 ~-~-> 02:20:17,099 |gap. I mentioned the note on your chart all the way back up into the 1001 for Vega, and then sells off once more. Going into what? Where was previous intraday
969 |714 |02:20:17,099 ~-~-> 02:20:35,459 |liquidity. It was below the 1003. In 1004 lows there was sell side down. So what's happening there with that drop at 1058 traders that had long's that
970 |715 |02:20:35,459 ~-~-> 02:20:47,129 |watched it turn at 1030 and start to rally, that retracement is going back for them, that would have raised their stop loss up that was below, they were
971 |716 |02:20:47,129 ~-~-> 02:20:56,699 |thinking that 15,005 47 is support. When we seen it turn go higher, they're gonna they're going to be aggressive. They don't they don't want to get a losing
972 |717 |02:20:56,699 ~-~-> 02:21:10,859 |trade, they're going to cram their stop loss up just below the old support at 1003 and 10 or four. And that run right down here at 1058 goes back in that same
973 |718 |02:21:10,889 ~-~-> 02:21:24,599 |old pool of liquidity. So it's it's digging down into intraday liquidity like that. You gotta be really noting it. It's not to simply imbalances, or it's not
974 |719 |02:21:24,599 ~-~-> 02:21:34,439 |simply, well, let me say it this way. Just like I teach you that inefficiencies are not one and done. In other words, they don't just get re repriced and
975 |720 |02:21:34,439 ~-~-> 02:21:45,509 |refilled with delivery of price. And then that's it, we don't worry about it anymore. They're going to be referred back to that low that was formed at 10 or
976 |721 |02:21:45,509 ~-~-> 02:21:58,769 |three instead of four, one on one minute chart on NASDAQ. The algorithm will refer back to that again, even though it made a lower low at 1030. So that low,
977 |722 |02:21:58,979 ~-~-> 02:22:09,149 |it doesn't know listen to me, okay, it's very important. The algorithm does not know how many orders are above or below any specific level it does not need
978 |723 |02:22:09,149 ~-~-> 02:22:18,839 |doesn't need to know human nature is that that's where the order is gonna go because that's where you're all trained to put them. So the price goes right
979 |724 |02:22:18,839 ~-~-> 02:22:30,629 |back down to it again, because the fact that we didn't take out the 15,000 for 2005 47 Even level there is liquidity resting below that. It doesn't know how
980 |725 |02:22:30,629 ~-~-> 02:22:43,259 |many orders are there. It just knows that it has not purged that area yet. It's called handshaking. Okay. So when the mark when the algorithm runs to these
981 |726 |02:22:43,259 ~-~-> 02:22:55,289 |areas where pending orders would be that function is called handshaking. So the price is offered at that level. So that way orders that would be there it has no
982 |727 |02:22:55,529 ~-~-> 02:23:07,289 |understanding or awareness of how many orders there are. But it goes there to permit the opportunity for liquidity to pair willing buyers with willing
983 |728 |02:23:07,289 ~-~-> 02:23:22,289 |sellers. That's that's the handshaking aspect. Anytime intraday, a low is created, but a larger pool of liquidity has not been engaged. The intraday lows
984 |729 |02:23:22,289 ~-~-> 02:23:38,219 |or intraday highs that have formed before, in context that you follow what I'm saying the lows at 1003 and 1004, on NASDAQ are above the 15,005 47. Even low.
985 |730 |02:23:38,429 ~-~-> 02:23:53,579 |And the sell low at 1030 in the morning, was lower than the lows formed at 23 in 2004. That's a given. But it did not engage the 15,005 47 even level or below
986 |731 |02:23:53,579 ~-~-> 02:24:08,159 |it. So what the algorithm will do is it's inside the range, what range am I talking about the 1030 low and the 934 high? So it's going to look back through
987 |732 |02:24:08,159 ~-~-> 02:24:21,869 |that range and refer to where are the swing lows. It's referring back to center three antenna fours Lowe's sellside is going to be there. Why? Because it's
988 |733 |02:24:21,869 ~-~-> 02:24:34,769 |coded refer back to the 15,005 47 not being engaged in it, repriced, to a short term premium at what 10:48am at a fair value get I told you live in this Twitter
989 |734 |02:24:34,769 ~-~-> 02:24:47,939 |space to have on your chart. Then it's sold off to some random level, what PV array that have dropped down into at 1058. It's reverting back to inside the
990 |735 |02:24:47,939 ~-~-> 02:25:05,819 |range. An old low that would be utilized for anyone that would be long and trusting the 15,005 47 low as support It's advanced, I know, how would you know
991 |736 |02:25:05,819 ~-~-> 02:25:21,239 |that experience, you'll get it too. So anyway, the sell off just from 1048 to 1050, that's 10 minutes in duration. And from what is it six, we'll call it
992 |737 |02:25:21,239 ~-~-> 02:25:46,169 |614 15,006 14, to just bumped the low at 1002, or 10, to three, rather, the low comes in that 578 14 Is that about 25 or so 25 handles just in that drop. If you
993 |738 |02:25:46,169 ~-~-> 02:25:56,699 |can find a way to get comfortable with taking 20 to 25 handles out of NASDAQ, once or twice a week, that is enough, really, you can do it just once a week.
994 |739 |02:25:56,699 ~-~-> 02:26:10,229 |And that's, that's plenty. And you don't have to be right about where you ultimately think is gonna go, as long as it gives you a range opportunity to get
995 |740 |02:26:10,229 ~-~-> 02:26:22,019 |out of the move, get in the move and get out of it. What I mean by that you gotta use the silver bullet off the fairway get that was formed at 948. Okay,
996 |741 |02:26:22,139 ~-~-> 02:26:38,759 |the that fairway gap right there at 948, that fairway that was used at 950. So trading down into the fair pay gap, I mentioned live stream, or just
997 |742 |02:26:38,759 ~-~-> 02:26:50,429 |presentation from that point of entry at 15,006 49 and three quarters down to the fair value gap. And we'll call it at 15,005 88. That's in itself, a
998 |743 |02:26:50,429 ~-~-> 02:26:54,749 |significant price run. It's not five handles, it's not 10 handles, it's significant.
999 |744 |02:27:02,129 ~-~-> 02:27:16,289 |Using that same fear a gap on the one minute chart for NASDAQ in the high fund at 10:17am. Today, aiming for the lows of 2003 and 2004. What would be below
1000 |745 |02:27:16,289 ~-~-> 02:27:33,479 |that sell side, if you sold short, at the inversion fair value gap at 644 11. And then wrote it down to the low at 578. Think about how many handles that is
1001 |746 |02:27:34,049 ~-~-> 02:27:47,939 |and it does not need to get to the 15,005 47. That draw is like a magnet. Okay, that's how we're using liquidity. That's how we're using premium or discount
1002 |747 |02:27:47,969 ~-~-> 02:28:01,799 |inefficiencies. It's a catalyst to anticipate price going to that level. If you take a strong magnet, maybe you did this, like I did as a student in school,
1003 |748 |02:28:03,329 ~-~-> 02:28:17,639 |people are a magnet underneath a desk at school, okay. And you have a whole box of paper clips, and you drop them above onto the desk is every single one of
1004 |749 |02:28:17,639 ~-~-> 02:28:29,609 |those paper clips gonna go exactly right with a magnet is no, the majority of them will be scattered all around. But then you'll have this concentrated pile
1005 |750 |02:28:30,239 ~-~-> 02:28:40,349 |of paper clips that go right to where the magnet magnets magnetic field is strongest. But there's this influence that it has, as it moves further away from
1006 |751 |02:28:40,349 ~-~-> 02:28:51,809 |that magnet there. The paperclip will fall right there. And it'll be just enough to hold it. Well think about that magnet effect being at 15,005 47. And you're
1007 |752 |02:28:51,809 ~-~-> 02:29:10,499 |seeing how from 930 for the high on NASDAQ how we started moving towards where the magnets strongest pole was at 15,000 for I'm sorry, 15,005 4711. And below,
1008 |753 |02:29:10,499 ~-~-> 02:29:21,509 |there's their sell side below that. Just like every one of those paper clips aren't going to land and stick to the highest form of magnetism that that magnet
1009 |754 |02:29:21,509 ~-~-> 02:29:33,689 |is offering below the school desk at school. You're going to have this spread out array of paper clips that just fell not randomly, that it's being influenced
1010 |755 |02:29:33,689 ~-~-> 02:29:43,529 |by the magnetic waves of that magnet. The same thing is going to happen in price action. You're going to have all these little collections of swing highs and
1011 |756 |02:29:43,529 ~-~-> 02:29:52,079 |swing lows and a collection of candlestick bodies that form at specific price levels. These price levels the inversion fair value gap, the fair value gap and
1012 |757 |02:29:52,079 ~-~-> 02:30:04,319 |the ones I talked about live here. Those are those distant magnetic field levels just like In the same example or analogy I'm using for in a real world, we take
1013 |758 |02:30:04,319 ~-~-> 02:30:16,559 |a magnet and drop the paper clips on top of a wooden desk, the magnet is going to draw an influence every paperclip within its field of influence. And we're
1014 |759 |02:30:16,559 ~-~-> 02:30:27,629 |seeing that same cause and effect in price delivery, but not randomly. So you can't see where those arcs are in the field of magnetism, that magnet may be
1015 |760 |02:30:27,659 ~-~-> 02:30:40,409 |utilizing, like orbits, okay, the influence of how far away from them and it can be strong enough to hold or influence a metal object that's light, in weight,
1016 |761 |02:30:41,459 ~-~-> 02:31:01,169 |will price it's going to react, but gravitate to this source of magnetism. And liquidity is that magnetism, the effects of how fast we get there. That's a
1017 |762 |02:31:01,169 ~-~-> 02:31:14,309 |variable. And that variable is understood based on the economic calendar time of day. And what we have done in the present range. And what do I mean by that? If
1018 |763 |02:31:14,309 ~-~-> 02:31:26,069 |you look at the high this, it turned into a PhD level shitting at 930, for that high. And we anticipate this is important, folks. The range high in terms of
1019 |764 |02:31:26,069 ~-~-> 02:31:37,979 |bicep liquidity, I gave you that this morning at 15,007 14 and three quarters, the low for the sell side was 15,005 47. Even. So if we're bumping the buy side,
1020 |765 |02:31:39,179 ~-~-> 02:31:50,069 |when no bias is there, right away, our mind goes to okay, what's the counterparty to that liquidity? It's the 15,005 47 even level or sell side would
1021 |766 |02:31:50,069 ~-~-> 02:32:07,349 |reside. So we can anticipate, we can predict, we're not reacting, we're anticipating, we are predicting that the market is likely most probable to go
1022 |767 |02:32:07,379 ~-~-> 02:32:17,609 |towards it's opposing liquidity. So our belief is this at 930. There's always some kind of measure of manipulation. That Judas swing that that fake price
1023 |768 |02:32:17,609 ~-~-> 02:32:27,089 |Rhonda gets everybody hopped up thinking it's gonna go because it did this first. Okay, I liked the first move mentality, but it has to be used and
1024 |769 |02:32:27,089 ~-~-> 02:32:34,379 |incorporated in the proper sense. And that's why I gave it that range of where liquidity is and that inversion fair Vega because it's going to be influential
1025 |770 |02:32:34,379 ~-~-> 02:32:45,269 |this morning. And you can clearly see now it has been, but that first initial run higher to the buy side, that makes it likely that we're going to go lower.
1026 |771 |02:32:45,539 ~-~-> 02:32:57,869 |So if we know that the buy side is measured at 15,007 14.75 and we are interested in the liquidity that's below the relative equal lows on NASDAQ at
1027 |772 |02:32:57,869 ~-~-> 02:33:13,619 |the level of 15,005 47. Even if we put a fib on that high down to that low of 15,005 47 Even if we do at the time I'm gonna ask you to do it live Okay, do it
1028 |773 |02:33:13,649 ~-~-> 02:33:14,609 |with me as I'm doing it
1029 |774 |02:33:24,209 ~-~-> 02:33:32,939 |make sure you put your quadrants and that's the point two 5.75 and point five zero levels
1030 |775 |02:33:46,200 ~-~-> 02:33:57,180 |okay, you should have on there by now, if not, you can use the benefit of having this as a recording. So what I have is my my Fibonacci laid on the actual high
1031 |776 |02:33:57,180 ~-~-> 02:34:07,620 |of the day, I don't have it laying on top of the 15,007 14.75 level. That's not what I'm doing. I'm using the actual delivered high and I'm drawing it down to
1032 |777 |02:34:07,710 ~-~-> 02:34:24,090 |15,005 47 Even at 934. Okay at 934. We saw by site hit. Then it started gravitating towards the inversion fair value get. I mentioned that said now a
1033 |778 |02:34:24,120 ~-~-> 02:34:34,890 |lot. We want to see if it offers any support on an inversion fair value gap. If it doesn't offer any support, then it's going to try to gravitate down into I
1034 |779 |02:34:34,890 ~-~-> 02:34:52,200 |mentioned the lower fair value gap around the 15,005 8085 level. To have that on your chart. The market dropped gave us a silver bullet at 948. It offered entry
1035 |780 |02:34:52,200 ~-~-> 02:35:11,970 |on that at 950 but it also qualified a model 2022 at The 945 946 One minute chart using that implied dealing range, implied dealing range means that we are
1036 |781 |02:35:11,970 ~-~-> 02:35:23,970 |anticipating a price run in a direction. So we're predicting price, we're anticipating price going into a specific level, what level 15,005 47 even. So,
1037 |782 |02:35:24,120 ~-~-> 02:35:36,780 |if we're up at 15,007 14.75, or seeing the shift in market structure that occurred below the low at 1030, I'm sorry, 931. And it broke that low and turned
1038 |783 |02:35:36,780 ~-~-> 02:35:45,450 |higher at 941. We have a shift in market structure after taking by side right away, all of you that follow the model 2022, that taught last year on YouTube
1039 |784 |02:35:45,450 ~-~-> 02:35:57,180 |channel for free. That model is delivered right here. So what's the draw and liquidity, we're anticipating it's likely to go for sell side at 15,005 47.
1040 |785 |02:35:57,210 ~-~-> 02:36:11,310 |Even. So if we use that frame of reference, we can put a Fibonacci on that and anticipate everything at the 50% level, or higher, is deemed high probability
1041 |786 |02:36:12,210 ~-~-> 02:36:24,480 |for a short in the direction of 15,005 47. Even. That's what the algorithms is, focuses, its presenting opportunities for that very condition. So we're seeing
1042 |787 |02:36:24,510 ~-~-> 02:36:34,890 |many examples of doing that you can see the model 2022 entry at 945 946. On a one minute chart, where it trades up into the fair value gap after a shift in
1043 |788 |02:36:34,890 ~-~-> 02:36:46,920 |market structure lower than it drops down into the inversion fair value gap. It did not lend support created a sell side unbalanced by sending efficiency at 948
1044 |789 |02:36:46,920 ~-~-> 02:36:59,610 |on a one minute chart of NASDAQ. And then 958 gave you the silver bullet entry. Where's the draw liquidity? the sell side? It's 15,005 47. So it gives you
1045 |790 |02:36:59,610 ~-~-> 02:37:13,650 |another opportunity to get into the silver bullet at 955. Then, what are we expecting at 950? To 1010? There's a macro. We're going to expect what price to
1046 |791 |02:37:13,650 ~-~-> 02:37:30,930 |spool. Start running for what sell side what direction down? Okay, what did I tell you the look at there's a fair value got around the 15,005 85 590 area
1047 |792 |02:37:32,190 ~-~-> 02:37:41,640 |during this presentation, it sells off and quickly runs down into it tells you when we got there if they were trading down into it now. It's all in this live
1048 |793 |02:37:41,640 ~-~-> 02:37:54,720 |presentation called to live. And then I talked about a fair baguette that you want to have on your chart at the one minute timeframe at 10. No one had that on
1049 |794 |02:37:54,720 ~-~-> 02:38:07,320 |your chart. It reverts back all the way to the silver bullet, fair value gap and inversion fair Vega, which is the one I showed in the chart that I tweeted I
1050 |795 |02:38:07,320 ~-~-> 02:38:14,580 |promise you this the folks that are willing to go through this like this, you're the ones that's going to do well I know there's some of you are pissing me
1051 |796 |02:38:14,580 ~-~-> 02:38:22,230 |wondering now I can hear you. You should have did this video. You know what? This would have been fun and interactive for me if someone would did this for
1052 |797 |02:38:22,230 ~-~-> 02:38:30,390 |me. When I was coming up and doing this live and talk about all the like that would be fun. Before TV, it was everybody sat around a radio and they had to
1053 |798 |02:38:30,390 ~-~-> 02:38:42,570 |listen. And they use the the the imagination of character development that was audibly shared and storytelling. But your mind could paint far better pictures
1054 |799 |02:38:42,600 ~-~-> 02:38:52,410 |than any Marvel movie would have done. This this learning approach right here, it may not suit you right now. But it will force you to go into discharge
1055 |800 |02:38:52,410 ~-~-> 02:39:01,290 |instead of just Netflix and chill with ICT. That's not That's not it, you got to go in and literally dissect everything that is available to you. And when you
1056 |801 |02:39:01,290 ~-~-> 02:39:12,660 |back test, you're going to do this anyway. So if you're against this, you're not going to learn how to do it. But the market spools lower from 1055 to I'm sorry,
1057 |802 |02:39:12,660 ~-~-> 02:39:29,850 |955 to 1003 1004. And then it rallies back up into the inversion fair value gap, sells off again and goes into the 1030 below. We are meandering around, look at
1058 |803 |02:39:29,850 ~-~-> 02:39:41,040 |the consolidations that are occurring at the 15,590.00 level. That's the lower quadrant level. It's also that fair value gap I told you before it actually
1059 |804 |02:39:41,040 ~-~-> 02:39:54,360 |became you know, used in price action. So before we dropped down to it, I told you about that fair value cap, but look what it's done. It's around that lower
1060 |805 |02:39:54,360 ~-~-> 02:40:08,430 |quadrant of the range between today's 934 High To the 15,005 47, low that we're referring to as sellside, the clip adds to relatively equal lows from to the
1061 |806 |02:40:08,430 ~-~-> 02:40:24,030 |left of your chart, we have one reaction at that level at 10, or 310, or four, then price finds use of that lower quadrant at 15,005 90. I'm using the
1062 |807 |02:40:24,060 ~-~-> 02:40:38,880 |Fibonacci level 0.25. It works that level at 1034 1035. At 1040, then trades above it to the fair pay gap I mentioned on the limited chart to have that on
1063 |808 |02:40:38,880 ~-~-> 02:40:49,440 |your chart, then it gravitates lower, sweeping the lows that were formed in 2003 and 2004, then it rallies back above, and then finds support at that same lower
1064 |809 |02:40:49,440 ~-~-> 02:41:05,670 |quadrant. And the fair value gap. Took the buy side that's resting above 10:48am, up to a high that did not return to the verge of fear of a gap. But it
1065 |810 |02:41:05,670 ~-~-> 02:41:16,170 |made enough of a price run without trading. What a bias, I'm sorry, trading without a bias rather, you can use all these points of liquidity back and forth,
1066 |811 |02:41:16,170 ~-~-> 02:41:27,510 |back and forth trading. But I want you to know that even though there's opportunities to go long in here, it's better, it's more appropriate for you to
1067 |812 |02:41:27,510 ~-~-> 02:41:43,140 |filter those out and look for the shorts. Until we're proven that the 15,005 47 is not a factor for today. Now we're it's it 1125 Right now. So the markets been
1068 |813 |02:41:43,170 ~-~-> 02:41:54,780 |trading for almost two hours. I am questioning the sell side still below 15,005 47. It does not mean it has to be delivered doesn't mean I'm going to be
1069 |814 |02:41:54,780 ~-~-> 02:42:03,840 |right. I'm just suggesting to you that going through the rest of today study and see if this market wants to gravitate down there, it may not want to do it
1070 |815 |02:42:04,050 ~-~-> 02:42:16,740 |before lunch ends, it may do it during lunch. It may not do it at all today. Okay. But going through the motions, you can see how we had multiple entries at
1071 |816 |02:42:16,740 ~-~-> 02:42:33,030 |the 50% of that Fibonacci on dealing range from the 934. High to the implied dealing range low of 15,005 47. multiple, multiple shorts were offered. The
1072 |817 |02:42:33,030 ~-~-> 02:42:49,500 |10,005 47 did not get breached. But it's still offered many opportunities to get short and take handles out of the marketplace 2020 570 Those are in this chart.
1073 |818 |02:42:53,130 ~-~-> 02:43:02,460 |Do you need a bias? Not if you know how to trade internal internal range liquidity if you can trade internal range liquidity, you don't ever need a new
1074 |819 |02:43:02,460 ~-~-> 02:43:13,350 |bias. It's advantageous that you do because otherwise you wouldn't anticipate trending days and when trending days come, you will get burned trying to trade
1075 |820 |02:43:13,350 ~-~-> 02:43:26,490 |intraday volatility. Perfect example like last, like as of last week, where the market just kept on moving? Or was it this week, my mind's a little blurry now.
1076 |821 |02:43:27,000 ~-~-> 02:43:34,500 |But where I saw a lot of people complaining how they, the market went up to where we thought was gonna go the volume imbalances on the weekly chart. But
1077 |822 |02:43:34,500 ~-~-> 02:43:39,960 |there wasn't a whole lot of entries, there was a lot of entries, but not as many as you're used to and accustomed to seen.
1078 |823 |02:43:42,000 ~-~-> 02:43:52,320 |So if you're trying to trade without a bias, it's something that can be done. But I don't want you to think that Well, let me just avoid trying to be good at
1079 |824 |02:43:52,320 ~-~-> 02:43:58,260 |picking bias or drawers on liquid because I can't do it right now. So I mean, that's not wasting your time, I'll just be the trader to trade without a bias
1080 |825 |02:43:58,260 ~-~-> 02:44:10,230 |while you don't have to trade and you're gonna hurt yourself. So I want you to take what I'm saying and measure it with common sense. So what would change this
1081 |826 |02:44:10,260 ~-~-> 02:44:22,620 |whole idea that I would not want to see 15 Or not more, but I would think that 15,005 47 Even would not be traded to and through today. If we go above the
1082 |827 |02:44:22,620 ~-~-> 02:44:38,340 |inversion, fair value gap. Okay, and we treat 15,006 70 and trade above that. Now where's the 15 670 or 15 665? there abouts. If it's using that as support
1083 |828 |02:44:38,340 ~-~-> 02:44:48,060 |and starts rallying above and takes out the the entry that was used for the 2020 model that was outlining this morning here on this Twitter space numbers it
1084 |829 |02:44:48,060 ~-~-> 02:44:59,400 |takes out the 945 swing high then we were most likely not going to be even considering that sell side and then they'll be leaving it intact. With that
1085 |830 |02:44:59,700 ~-~-> 02:45:09,000 |being In case if it does, in fact, do that, then I'd be really interested in seeing an opening higher on Sunday gapped higher, making an attempt to try to
1086 |831 |02:45:09,000 ~-~-> 02:45:17,820 |fill that gap and start moving higher. That's how I'd use that information. I would not try to carry anything over the weekend. And I'm not saying that you
1087 |832 |02:45:17,820 ~-~-> 02:45:27,810 |should go long. I'm not saying you should go entering short here. So everything I'm saying there, I'm giving you context that way, nothing that can. Nothing in
1088 |833 |02:45:27,810 ~-~-> 02:45:37,290 |this presentation can be taken out of context. So you understand what I'm saying? What would cancel this? What would be what I what would I look for going
1089 |834 |02:45:37,290 ~-~-> 02:45:47,040 |forward rest of the day, here's one for you. I like the idea that we're going lower, as long as we stay below that inversion fair value gap basically, is what
1090 |835 |02:45:47,040 ~-~-> 02:45:55,260 |I'm getting at. So as long as that orange shaded rectangle that I put on that chart, and tweeted to you this morning, that you should have on your charts
1091 |836 |02:45:55,260 ~-~-> 02:46:06,930 |already annotated. As long as we're below that. My mind is thinking that we're going to try to at least try to make a sweep below that 15,000 5:47am. I
1092 |837 |02:46:06,930 ~-~-> 02:46:15,480 |expecting a lot of downside below that No. But I just think that that would be reasonable to trade down here. And if it doesn't, if it just stays in
1093 |838 |02:46:15,480 ~-~-> 02:46:25,050 |consolidation between the high and the low that's already formed today. It wouldn't surprise me either. Because I haven't changed my stance, with this
1094 |839 |02:46:25,050 ~-~-> 02:46:34,710 |being primarily bullish. So I'm not trying to coax you into, Oh, we're in a bear market, even though we were looking for sell side right when it was about to
1095 |840 |02:46:34,710 ~-~-> 02:46:50,550 |deliver the very day. And we've been going down since so twist the knife ice to twist the knife. Anyway, I'm not sure what you got out of the day, I felt like I
1096 |841 |02:46:50,550 ~-~-> 02:47:05,220 |need to talk. So I'm glad I did I feel I feel clean now. It's like therapy for me. So this is I guess the, the part that I'm not saying I'm gonna be on
1097 |842 |02:47:05,220 ~-~-> 02:47:18,690 |Twitter, post November. But if I put something up, you know, in any capacity, it would probably be something like this where you know, maybe SoundCloud something
1098 |843 |02:47:18,690 ~-~-> 02:47:29,070 |to that effect, where I'm kind of encouraging you. Because you know, a lot of you are upset knowing that I'm not going to be as active, it's actually better
1099 |844 |02:47:29,070 ~-~-> 02:47:38,760 |for you. It's better for you to not have this many engagements with me, because you have so many things to study and so many things to discover about yourself.
1100 |845 |02:47:39,720 ~-~-> 02:47:49,500 |And every time I present something or produce something new, you're going to want to go to that, and not spend the required time in what has been taught
1101 |846 |02:47:49,500 ~-~-> 02:47:59,340 |already, which is more than enough, you'd have way more than any one person would need to find profitability and trading any asset class, except crypto
1102 |847 |02:47:59,340 ~-~-> 02:48:11,190 |cocaine cosign for that one. But I have students that swear by. So you have no real excuse not to engage it and study it and discover yourself. And don't rush
1103 |848 |02:48:11,190 ~-~-> 02:48:23,970 |it, don't try to put a deadline on it. If you do those types of things I mentioned here today, you will avoid failing, you will lose money, you'll have
1104 |849 |02:48:24,540 ~-~-> 02:48:32,130 |periods of drawdown and you'll have to correct and get out of like any other trading approach, you're going to have that. But the important thing is for you
1105 |850 |02:48:32,130 ~-~-> 02:48:40,710 |to realize that you're not going to lose hope, you're not going to lose sight of what it is you're doing. Because the why the thing that you're doing this for
1106 |851 |02:48:41,850 ~-~-> 02:48:52,830 |has to be more than social media Cloud has to be more than something materialistic that you're aiming for. And there's no better real reason to do it
1107 |852 |02:48:52,830 ~-~-> 02:49:02,040 |than financial independence, it may not be a complete financial independence, it may be a partial, where a certain measure of your monthly income is, is met by
1108 |853 |02:49:02,040 ~-~-> 02:49:11,220 |this. And to me that is a win. That's not failure. Some of you might look at that and think, yeah, I was hoping I was gonna quit my job, but I just can't get
1109 |854 |02:49:11,220 ~-~-> 02:49:21,510 |past, you know, that 1000 hours a month, a couple 100 hours a week, I just can't seem to do better than that. You're doing better than most people. If you can do
1110 |855 |02:49:21,510 ~-~-> 02:49:33,180 |that you're doing most people often lose money. And if you can do any measure of consistency, and you're able to take something out and like you're in the upper
1111 |856 |02:49:33,180 ~-~-> 02:49:45,150 |10% there's lots of room to go and go higher than that. But you already are defeating the odds that are against everybody, which is most people are going to
1112 |857 |02:49:45,150 ~-~-> 02:49:57,990 |fail doing this. And I can't guarantee that all of you are going to be successful. I try and work very, very hard. And I think it's obvious that I try
1113 |858 |02:49:57,990 ~-~-> 02:50:11,580 |very hard to help all you do Do what's necessary and avoid the things that you should avoid. Either there's a small faction of individuals that are not willing
1114 |859 |02:50:11,580 ~-~-> 02:50:23,580 |to listen to what it is I'm doing or take it with me is irrelevant. You see enough people finding success with it, they're doing very well with it. They're
1115 |860 |02:50:23,580 ~-~-> 02:50:41,670 |having fun while they're doing it. And that gives me a great deal of satisfaction. Knowing that you my last year doing all this stuff, and making the
1116 |861 |02:50:41,670 ~-~-> 02:50:54,180 |biggest impact. And I don't, I don't discount that at all. So I try to be very selective, even though only live presentations, you can see me swing and you
1117 |862 |02:50:54,180 ~-~-> 02:51:05,910 |watch me and heard me swing from one end to the next. I try to keep that from you. In the recorded presentations, because I know it can be a distraction. And
1118 |863 |02:51:05,910 ~-~-> 02:51:16,980 |you can put off some individuals that, you know, holier than now, oh, he said, a cuss word I don't want to say sometimes is to happen. I don't want to go off the
1119 |864 |02:51:16,980 ~-~-> 02:51:29,550 |rails, sometimes you guys enjoy it, I don't like it. It's something I wish I didn't do. And in November, I'll never have that problem again. You know, I've
1120 |865 |02:51:29,550 ~-~-> 02:51:45,270 |exposed myself in ways that I would have never been comfortable doing years ago. And I don't I don't want to get the stage for you. People with less character
1121 |866 |02:51:46,380 ~-~-> 02:51:59,970 |that want to make a mockery of it. I mean, you can't even do close to what I'm doing. So they focus on things like a child. And I've been encouraged by all of
1122 |867 |02:51:59,970 ~-~-> 02:52:12,570 |you, who have given me the opportunity to be in your ear, as a voice of reason and try to help you in discover the opportunities that are available, and what
1123 |868 |02:52:12,570 ~-~-> 02:52:22,530 |you can do with this information. And I'm very proud of the people that have done well, and had the courage to come out and share what they've done. Some of
1124 |869 |02:52:22,530 ~-~-> 02:52:31,440 |them are a little bit more brash than others. And I get it sometimes that these that happen. But largely most of you that have come out, you've been very
1125 |870 |02:52:31,440 ~-~-> 02:52:43,800 |responsible with your success. And I greatly, greatly impressed by that. Because when you make that kind of money, you've never done that before. It can make you
1126 |871 |02:52:43,800 ~-~-> 02:52:53,280 |feel like your shit doesn't stink, and you're better than everybody else. And that's the that's a trap I fell into when I was younger, I was a 20 year old, I
1127 |872 |02:52:53,280 ~-~-> 02:53:10,080 |felt like I owned the world, and everybody owed me an Attaboy. And they don't. And my encouragement to you is, while trying to avoid failure, you should be
1128 |873 |02:53:10,080 ~-~-> 02:53:29,970 |absolutely working towards being a responsible, profitable individual. So if you're going to be on social media try to do your best. To be as respectful as
1129 |874 |02:53:29,970 ~-~-> 02:53:43,470 |possible to the audience members. It's easy to get caught up in your own horseshit. The spectacle, the showmanship, or the handling of trolls.
1130 |875 |02:53:45,150 ~-~-> 02:53:55,890 |I wish I had better ways of dealing it. I've never been that refined about it. But I have done very well this year compared to previous years. But that's
1131 |876 |02:53:55,890 ~-~-> 02:54:08,610 |because I want to go out on a better note. I spent a lot of time in my earlier years on social media being a menace. And I wanted to close that year of final
1132 |877 |02:54:08,610 ~-~-> 02:54:21,810 |teaching in a way like that, too. But I don't need to you know, my students are actually providing the best testimony there is. And I've shared my life's work
1133 |878 |02:54:21,810 ~-~-> 02:54:39,900 |with you. And you weren't, you weren't not in any position to be entitled to receive it. I've I've seen some stories from people that have tried and failed.
1134 |879 |02:54:41,010 ~-~-> 02:54:56,970 |And those individuals, they stick with me. I take their testimonies and I tried to fortify any new lessons to try to overcome what they mentioned were barriers
1135 |880 |02:54:56,970 ~-~-> 02:55:06,810 |for them. It doesn't change or remove The the influence that we have individually over our trading, that's it like you own it, like, whatever the
1136 |881 |02:55:06,810 ~-~-> 02:55:21,360 |results are good or bad, they're yours. And you earn them on both ends of that spectrum. When you're doing this, it's it's one of the most difficult things in
1137 |882 |02:55:21,360 ~-~-> 02:55:33,660 |the world. Because it's highly technical. It's always evolving, risk is always there. And you're dealing with yourself. And if you make it harder by allowing
1138 |883 |02:55:33,660 ~-~-> 02:55:46,140 |other people into the experience, whether it be your family members, your social media, friends, or other people, it compounds the difficulty. So I tried to
1139 |884 |02:55:46,620 ~-~-> 02:55:57,690 |coach you, and remind you that you don't need to make this an Olympic feat. You don't need to be a a Truman Show experience, where people get to watch
1140 |885 |02:55:57,690 ~-~-> 02:56:06,660 |everything that you do, you failing, falling on your face, finding yourself making money, doing withdrawals, resetting your accounts, all that stuff, you're
1141 |886 |02:56:06,660 ~-~-> 02:56:19,530 |inviting, much more that's necessary. Or even what should be even considered, it's bad enough, you're trying to find yourself in this and weed out all the
1142 |887 |02:56:19,530 ~-~-> 02:56:28,710 |problem, things that you're going to have as a trader, because we all have them. And I've been open with you I have things that I can't overcome, even as a
1143 |888 |02:56:28,710 ~-~-> 02:56:41,010 |believer, yes, I know God can say it's gone, and we'll have it. But for whatever reason, I it stays with me. So I it's not easy for me to be a mentor. It's not.
1144 |889 |02:56:41,430 ~-~-> 02:56:51,540 |It's very, very, it's one of the most difficult things I've ever done. Because I have so many people around the world that have expectations of me. high regard
1145 |890 |02:56:51,540 ~-~-> 02:57:02,880 |for me, and I'm trying to do my best. And even though I may do a really good lesson, and I may read your comments, and I see all your comments on the YouTube
1146 |891 |02:57:02,880 ~-~-> 02:57:14,760 |channels, video, somebody on, it looks like the comment sections open. And I got like 2500 people saying, first? Why am I the only comment. There's other people
1147 |892 |02:57:14,760 ~-~-> 02:57:25,620 |commenting, but I, that's just for me, it's like you sending a text message to me, I can see it, I see all of them, I read them all the time. And I appreciate
1148 |893 |02:57:25,620 ~-~-> 02:57:38,580 |the encouragement. And when you say I'm not sure if you see this, I see it. And I thank you for the time that you he gave me those little small feedbacks. And I
1149 |894 |02:57:38,580 ~-~-> 02:57:46,560 |see the trolls too, and you make it easy for me to filter you out. All I gotta do is I don't see you anymore. Because I don't give a shit about what your
1150 |895 |02:57:46,710 ~-~-> 02:57:55,500 |opinion is, if it's, if you're not in agreement with the hive mentality here that we absolutely believe and know that there's an algorithm, you're hearing
1151 |896 |02:57:55,500 ~-~-> 02:58:06,480 |him. And we know that there's market manipulation, and we know that the market is going to deliver certain ways at certain times. And, you know, I don't care
1152 |897 |02:58:06,480 ~-~-> 02:58:16,080 |to hear the opinion that supposing that I'm not out for a debate, and you have to go out there and cancel out what a proven what other people have used and now
1153 |898 |02:58:16,110 ~-~-> 02:58:26,700 |make money with the burden of you disproving is in your hands. I've already proved it. And it's been transferable. Other people were able to use it and see
1154 |899 |02:58:26,700 ~-~-> 02:58:39,030 |it, anticipate it, predict it. And it's, it's just a fascinating thing, like it's, um, I can't wait to take my hands off the wheel in November. And watch how
1155 |900 |02:58:39,030 ~-~-> 02:58:48,270 |all of you develop. And I know there's going to be mutants in this group, there's going to try to become, you know, rebels and they're gonna say I'm, you
1156 |901 |02:58:48,270 ~-~-> 02:58:54,420 |know, piece of shit, because I didn't teach this, they're gonna pretend they knew something all along. It's all kind of all kinds of stuff like that's gonna
1157 |902 |02:58:54,420 ~-~-> 02:59:06,120 |come out, I don't care. I don't care. I'm growing older, my life is going to be spent doing things that I enjoy away from the marketplace. I don't need to
1158 |903 |02:59:06,120 ~-~-> 02:59:15,780 |trade. I don't need to do any of this anymore. And when I'm done, I'm comfortable. I'm satisfied that I taught everything to the best of my ability.
1159 |904 |02:59:16,890 ~-~-> 02:59:26,430 |And there's no future anything. Whatever I put out in those books, is going to solidify that I'm the author of all this stuff. And that's the final reference
1160 |905 |02:59:26,430 ~-~-> 02:59:37,050 |and talking point on it. Anything else you need to find this? Study what you have your hands on? I don't want to be on your talk show. I don't want to be in
1161 |906 |02:59:37,050 ~-~-> 02:59:47,040 |your teaching circuits. I don't want to be on tour with your things. I don't want to be on your podcasts. I don't want to be interviewed. I don't want any of
1162 |907 |02:59:47,040 ~-~-> 02:59:59,850 |that stuff. And it's not because I'm wanting to be rude to you. I want to diminish. I don't want to be going I want to hit 1 million subscribers. That's
1163 |908 |02:59:59,850 ~-~-> 03:00:10,650 |it. bucket list thing I wanted when I first put a YouTube channel, if it goes beyond that, whatever. But I don't want to be a celebrity, I don't want to be in
1164 |909 |03:00:10,650 ~-~-> 03:00:22,980 |the limelight. If I did, trust me, I'll be all over the place face everywhere in talking and be on this one and that one's thing. I don't want to be on the offer
1165 |910 |03:00:22,980 ~-~-> 03:00:30,540 |every single day. I don't want to. So if you're thinking about and contemplating contact me, or you want to be able to email me you want my email address to ask
1166 |911 |03:00:30,540 ~-~-> 03:00:43,500 |that question, listen to me, I don't want to do that. It's not about image, I don't want to be in front of the spotlight November, I'm done. And you'll have
1167 |912 |03:00:43,530 ~-~-> 03:00:58,380 |all the freedom time to invest in what it is I shared with you. And I'm looking forward to seeing what you do with it. All of you. It's not selfish of me to do
1168 |913 |03:00:58,380 ~-~-> 03:01:08,250 |this. You should want me to do this, because I've spent my entire life doing it. And I'm looking forward to being with my family away from all this stuff. I'll
1169 |914 |03:01:08,250 ~-~-> 03:01:20,190 |still be looking at. But I'm just not going to be this accessible. Everything will still be up, you can watch it and study it and everything will be there.
1170 |915 |03:01:20,250 ~-~-> 03:01:33,000 |But I'm not going to be engaging all of you like this. Truth be told, I'll be watching things on social media quietly. But I won't be allowed to do anything
1171 |916 |03:01:33,000 ~-~-> 03:01:50,250 |online this to say that way. But it'll be interesting and fun, I'm sure. Look at the the fair value gap at 1001 on the one minute chart of NASDAQ. Okay, I
1172 |917 |03:01:50,250 ~-~-> 03:02:04,080 |mentioned that this morning, during the live presentation, we worked off of the the run almost going up into that inversion fair value gap, the high formed at
1173 |918 |03:02:04,080 ~-~-> 03:02:22,800 |the one minute candlestick at gonna be here 10 I'm sorry, 1132. So the 1132 Hi, it ran out the buy side above 1111. Went down created a fair value gap at 1133.
1174 |919 |03:02:24,600 ~-~-> 03:02:37,950 |And then we wrote room rallied up into it at 1137. So that's a institutional financial drill and a volume imbalance. Or, I don't know if it's, my my eyes are
1175 |920 |03:02:37,950 ~-~-> 03:02:55,290 |failing me here. It's a small little volume and balance between the candles at 1133 and 1134. It fills a volume imbalance and institutional level entry drill
1176 |921 |03:02:55,380 ~-~-> 03:03:08,580 |at the one minute candlestick at 1137. Just a few moments ago, and then we consolidate around the 1001 fair value gap and then dropped down into the fair
1177 |922 |03:03:08,580 ~-~-> 03:03:21,990 |value gap I gave you on the five minute chart around the 15,005 90 ish area. Look where the bodies of the last three candles are. So look at the body close
1178 |923 |03:03:21,990 ~-~-> 03:03:37,800 |at 1144. And in that small little candle by 1145 in the low of 1146. One minute candle is respecting that fear Vega. Now we're inside of a fair wage gap at
1179 |924 |03:03:38,460 ~-~-> 03:03:41,850 |1143. So I would want to see
1180 |925 |03:03:43,260 ~-~-> 03:03:53,310 |it move energetically lower from here. If not, we're going to consolidate and probably run the buy side at 15 650 Going into the lunch. So it's kind of like
1181 |926 |03:03:53,310 ~-~-> 03:04:03,510 |the last ditch attempt for the morning session going into lunch. If it doesn't drop here. My expectation would be during lunch. It'll probably want to clear up
1182 |927 |03:04:03,510 ~-~-> 03:04:17,100 |all that smooth. By side is it the low quarter or quadrant of the inversion for Vega. But I haven't lost my interest in net 15 547 yet, but I did lose interest
1183 |928 |03:04:17,100 ~-~-> 03:04:31,200 |in staying on here. So I have to go grab something to eat and take bailing for a walk real quick. I had a guy asked me the pictures showed on my boxer at the
1184 |929 |03:04:31,200 ~-~-> 03:04:43,710 |bottom of my stairway my house. That's Bailey That's not Bella Bella. Bella is she's gone now. But Bailey is outside my door. I can hear down. whimpering she
1185 |930 |03:04:43,710 ~-~-> 03:04:55,380 |wants me to spend time with her. She has no idea what's about to happen next Thursday. We have two boxers delivered to us. Two females and she's gonna lose
1186 |931 |03:04:55,380 ~-~-> 03:05:05,640 |her mind. I just hope she treats them nicely because between Bella and Bailey B He was always a little bit more British. She was. She beat up Bella a couple
1187 |932 |03:05:05,640 ~-~-> 03:05:14,250 |times. And I'm hoping that she accepts these two little ones. She's always been motherly with her toys. And like, even when Bella has been gone, and she treats
1188 |933 |03:05:14,250 ~-~-> 03:05:22,050 |her toys like little puppies, she carries them onto her bed and she plays with them and stuff. So I'm hoping it's your mother these, these two, I'm not trying
1189 |934 |03:05:22,050 ~-~-> 03:05:31,560 |to kill him. But I'm gonna have my hand school starting next Thursday with that, too. So at any rate, I'm going to close. Have yourself a very pleasant day.
1190 |935 |03:05:31,680 ~-~-> 03:05:48,300 |Enjoy your weekend. This is the I guess the Saturday shut down. Just done on Friday because I have a weekend of my family and my wife, poolside. So I
1191 |936 |03:05:48,300 ~-~-> 03:05:55,470 |probably won't have more than that had the opportunity to do this again. And I needed to talk to y'all to get it off my chest. So I had fun today and if you
1192 |937 |03:05:55,470 ~-~-> 03:06:06,060 |didn't have fun, I apologize. And hopefully you got something from the discussion. If not sorry. There's more therapy for me than you can tell. I'll
1193 |938 |03:06:06,060 ~-~-> 03:06:08,400 |talk to you next time. Be safe.