041-ict-tw-spaces-2023-08-30-How-Long-Does-It-Take-To-Learn-How-To-Make-Money-Trading
Last modified by Drunk Monkey on 2023-09-26 13:07
Outline
00:41 - My son's accident.
- My son was riding his motorcycle and his stepbrother's dog ran out in front of him, and he panicked and smacked his head on the handlebars.
- He damaged both sides of his brain.
03:06 - How long does it take to learn and become profitable?
- In two weeks, there will be a follow-up on the video and a scan to check if the fracture and the brain bleed has healed.
- He went home yesterday and wants to sleep.
- It will take a couple of years to get good at trading, but it will take years to make money.
- The fastest way to get to profitability is to learn what is going to hold you back and discover what is holding you back.
08:39 - Finding setups that will be like the best.
- Trading 50 trades in a day and one trading session from the beginning of the day to the end of the trading day.
- How long it will take for someone to start making money, minimum of six months, and a year.
- Building a model around how you will trade the following year. The second year is where the best learning will occur.
- If everyone has a trading opportunity or setup or a method of trading that can be profitable 50% of the time, they can be wildly profitable.
- There is no substitute for experience in trading. It will take about two years or more for some of you to get really good at it.
- It is hard to filter out all the bullshit nonsense that is going on in the markets right now.
16:12 - Fuck all the gurus and traders.
- If you don't want to learn how to do this, go play games with someone else. You can get lucky. People get lucky all the time.
- If you want to make $750 a day, go watch a couple of YouTube videos.
18:55 - How the markets work.
- You don't need to join a gogglebox. You need to sit down during the charts every single day.
- If you feel that you're not ready, you will blow your accounts.
- The market humbles you and it becomes a revenge plot. The market does what the market will do.
- The $5,000 reward for someone to find his stuff in writing or video.
23:18 - The importance of looking at the market structure in a systematic way.
- It's wonderful for you to get that funded account combine past and get that little certificate. You didn't do anything yet. You just showed up and walked and did everything.
- There is no other way to learn all of this stuff. If there was a faster way of doing it, it would have already been done.
- You will see at least one of the spring or fall seasonal tendencies. You will see one of them in the first spring, summer and fall.
- You will have everything in your opinion that you will ever need. You don't need to buy a book.
29:19 - Finding the sweet spot in execution.
- Why enough is never enough when it comes to earning potential, and how to determine a low threshold for enough.
- Mark Lopez, trader psychology bible, and his book.
- Brian is careful about how he says it, because he knows it has helped a lot of his students and they found profitability after doing exercises with those things.
- Brian sets out to learn how to do ict type trading, and takes copious amounts of notes to think to himself.
34:35 - Being part of the crowd of consistent profitable traders.
- Being part of the crowd that has consistent profitable traders that reside in the community, whether it be his community or another.
- How to get funded and get lucky.
36:51 - The importance of a team mentality.
- Team mentality is very strong when it comes to competition type things. Look at sports like baseball and football.
- Students are getting ready to cross over the $1 million net profit threshold.
- You learn about yourself and discover what it is that is going to cause you to go off the rails, and fight really hard to not do that everything that you're looking to do will come to you.
- Trading is just like that for all of us today.
42:51 - The importance of discipline and self control.
- No discipline, no self control and reckless trading can undermine a week's worth of trading in one day.
- Respect the risk and go through the process properly, not quickly.
- You think you're the exception, until the market chaps your ass dozens of times. It took a lot for him to learn these types of things.
- How he teaches the way he teaches.
- The first person that can't do it consistently is a bitch. $25,000 days is the first one. The first one to do it is a bitch.
49:16 - Who the fuck knows what the fuck is going on?
- You're going to get caught up in watching some mickey mouse shit and listen to some dumbass fucking clown.
- Making money is easy. It's so easy.
- Black swan events or over-exaggerations in market report or data drive price movements. One day, one little fluctuation in price will change everyone's minds.
- Short-term intraday charts are intended to upset sentiment.
- The human experiment to study how often traders convince themselves that they are right and they are wrong, and how they are not paying attention to their own trading.
- Trading live trading.
55:40 - Do the work and determine where your bias is.
- Do the work and try to find and determine where the bias is. Stick to trading with that model, even if you get stopped out.
- The three timeframes to focus on.
58:19 - The lead pipe cinch trade.
- A lead pipe cinch trade is a low resistance liquidity run, quick and quick, with very little drawdown. It's going to go right to your shit and be done.
- The type of setup you're looking for once a week that gets you out of work.
- Marketing is different. You have to be around it enough, give it love, and show the market that you are faithful and monogamous.
- You have to go through all this bullshit to discover what makes you tick, what pisses you off, what gets your juices flowing.
- You will also learn how it will be an integral part of learning how to pyramid in larger moves. Some traders are discovering their model is the silver bullet.
01:05:26 - The silver bullet can make you a millionaire.
- The silver bullet can make you a millionaire. The optimal trade entry can make a millionaire, and the optimal break-even is a millionaire too.
- Nothing can be less than six months.
- You'll have a loss or a string of very small losses, which is normal in this business. It's normal to anticipate that and expect it, and think nothing of it in terms of ruin.
- Tax is taking small losses and a better fucking be small.
01:09:47 - How people think about money needs to change.
- How people think about money needs to change, and how many financially illiterate motherfuckers are trying to teach people how to become rich when they are broke.
- How long it takes to be consistently profitable in trading, and why one trade is not enough.
01:12:30 - How do you make money in a trading trade?
- You can right away make a profitable trade with what he is teaching. You can flip a coin, buy tails and sell and only risk a quarter of 1% for the first 30 minutes.
- If you can make money one time and get a payout one time, that will pay for his attention.
- Get used to being a jack, that's the level that sounds like arrogance, but it says bucking bone core confidence, unshakable confidence, and it seems like arrogance.
- Crossing 100,000 YouTube subscribers.
01:17:29 - How to squash the fear of losing money.
- You don't know where your winner's circle is. It's going to be so far beyond what you think right now.
- You need to balance that you won't over leverage.
- You're going to lose through the process, and you can't let these thorns on the roads that you want to hold.
- Social media is a petri dish for mold.
- Stop videos in November and take inventory of who will be having coupon codes and who has the best interest of you.
- The required ingredient is you with the proper mindset.
01:24:08 - Where I want to be now.
- Growing up in middle river maryland and wanting to move to Harford county, where he wanted to become a computer programmer and an entrepreneur.
- How he became a profitable trader.
- Knowing when to push it and when to not push it, and knowing when to stay the course and stay on the grind.
- What ICT says not to do.
- The ict indicator is the moment when you are no longer smirking when it pans out.
- Live account trading is the indicator that tells you you are ready for a live account trading.
01:31:08 - Finding your place and bloom where you're planted.
- Nothing but yourself can take you out of that. No one distraction, no one person competing to get your attention.
- Five handles starting as an SMP trader replaces your job.
01:33:24 - How do you hold on to winning trades?
- Get the hell out of the way, refine yourself, remove all emotion and psychological influence over what you're trying to make.
- Learn how to be profitable and make money.
- The resistance of seeing things go back to normal, and why it is normal for people to want to do it.
- The importance of having the right mindset to succeed.
- It takes a lot of discipline to stick to this strategy, because the outcome is emotional. If you make money, it's an emotional feeling.
- $1 spent in doubt has a whole lot more influence than making $1,000 when it's right.
01:39:56 - How long is it going to take to make money?
- Stop reassessing everything. How long it will take for you to make money trading, and how long it takes to learn how to be consistently profitable.
- If you have two losing trades in one session, you are not allowed to take another trade until midnight.
- The problem here is reckless abandonment and zero money management. They are impulsive, reckless, undisciplined and have no appreciation for risk and no risk model.
- The mindset of trading should be that everyone owes you something, that everyone is going to bend their answer and say hey, give it to us.
- It will take two years to get really good at this and get good at it, meaning you can't be influenced by what you're looking for and how you're going to engage in it.
- It's going to take you to get a funded account and trade it.
01:47:26 - What are you doing with your money?
- You are feeding yourself toxic horseshit. Don't do those long-winded diatribes, and who is doing it.
- It is a matter of time before he could be one of the pupils.
- Your mind is not ready to be a trader. If you're worried about losing trades, you'll never have the wherewithal to be in a trade.
- You need to be reminded today that it's normal for you to learn, and it's optimal to learn.
- The right way to do this is not to waste time, but to make it plain that you want to see the person succeed.
- The end of today's discussion.
Transcription
| 1 | 00:00:41 --> 00:00:54 | ICT: Good morning, folks. It's a little bit of an early one. On an odd day, I know that. Obviously, I've been quite busy with some personal matters over the |
| 2 | 00:00:54 --> 00:01:03 | last few days. I'm sure some of you, and I'm thankful for this and appreciate all of the concern. Some of you are wondering how my son is doing. So I'll spin |
| 3 | 00:01:03 --> 00:01:19 | up just a few minutes quickly, just to kind of bring you up to speed. So I don't have to tweet about it. Friday night, my son was riding his motorcycle. And he |
| 4 | 00:01:19 --> 00:01:32 | has this, I guess, ritual he does with his dogs in his girlfriend's dogs. He rides down the road and lets them chase him. He chose not to wear his helmet. |
| 5 | 00:01:33 --> 00:01:45 | And I told you many times before, you know my kids, just like anyone else's kid, sometimes they won't listen. And he's an adult, but he felt it was good. You |
| 6 | 00:01:45 --> 00:01:59 | take his bike up the road, real close to his house, thank God. But his stepbrothers dog actually ran out in front of them. And he panicked, and off |
| 7 | 00:01:59 --> 00:02:12 | front brake, over the handlebars, flew, and smacked his head. And it's the same injury that everybody usually dies from, when you see this one punch knockout |
| 8 | 00:02:12 --> 00:02:21 | videos, these pieces of shit that go around hitting people like that, when they fall, and they hit the back of their head, that's usually the same injury he |
| 9 | 00:02:21 --> 00:02:33 | suffered. So a while it's unfortunate that it happened, I'm thankful that all the other things that were around him at the time, you know, his stepbrother |
| 10 | 00:02:33 --> 00:02:48 | seeing him call 911. And then getting there literally, you know, in a very short span of time. He He damaged both sides of his brain, we thought it was just one |
| 11 | 00:02:48 --> 00:03:03 | area. But he actually damaged both sides. So he has a little bit of mental fog still. And sometimes he talks a little nonsensical. But they said that stuff |
| 12 | 00:03:03 --> 00:03:14 | should dissipate as as we go. In two weeks, we'll have a video on that'll be about a follow up. Like the video I shared one line of his brain scan, just to |
| 13 | 00:03:14 --> 00:03:23 | check to make sure that the fracture and the the brain bleed has healed properly. That's about the window we're supposed to be waiting for. Because |
| 14 | 00:03:23 --> 00:03:33 | there's an issue, potentially always with an injury like this, that the clot that forms naturally when there's a bleed, that it doesn't break off and travel |
| 15 | 00:03:33 --> 00:03:45 | through his body and cause a dangerous episode. So if you're going to pray for him, I appreciate you. If you would just keep that in prayer for him. He went |
| 16 | 00:03:45 --> 00:03:58 | home yesterday, they discharged him and he wants to sleep a lot, still, which is understandable. But he can talk and have conversations with you. And he knows |
| 17 | 00:03:59 --> 00:04:07 | pretty much what's going on but doesn't remember the accident. So I don't remember what to mine up until a certain point. That's normal. But I just want |
| 18 | 00:04:07 --> 00:04:16 | to spend a couple of minutes and just give you an update like that and tell you all there. Thank you very much. And for the people that have always you know, |
| 19 | 00:04:16 --> 00:04:28 | try to square it with me online. For whatever reason, the ones that had shared their concern and, and prayers I appreciate those reclass act. But let's talk |
| 20 | 00:04:28 --> 00:04:44 | about some market stuff cuz I gotta get my mind off of all this now that he's home. While I was sitting up there looking at him sleeping, I would |
| 21 | 00:04:44 --> 00:04:56 | periodically, you know, take my attention to either Twitter, or video comments, or reading other comments from people that make videos about me or what it is I |
| 22 | 00:04:56 --> 00:05:09 | teach or my students or whatnot or I see other gurus, other mentors in the making? They'll say things like, how long does it take to learn ICT stuff? You |
| 23 | 00:05:09 --> 00:05:24 | know? I have shared something, two things, actually, that allows you to go out there and literally start making profitable decisions, I'm gonna say it that |
| 24 | 00:05:24 --> 00:05:33 | way, okay, and the reason why I teach that folks are gonna, it's gonna take you a couple years to get good at this, that doesn't mean it's gonna take you a |
| 25 | 00:05:33 --> 00:05:42 | couple years to make money. Because if you follow the videos, and you do the things I'm telling you to do, inside of six months, you literally can go out |
| 26 | 00:05:42 --> 00:05:55 | there and find consistency. Now, would it be prudent? Or would it be responsible of me to assume that all of you that are listening to me on these videos and |
| 27 | 00:05:55 --> 00:06:10 | lectures, that you all are going to have the same results? Obviously not? Okay, but one of the most? Well, it's believed by them. Marketers have services, an |
| 28 | 00:06:10 --> 00:06:23 | alternative way of trading. There's lots of them. And I'm not saying they can't be profitable. But for the folks that want to tread into these areas that I laid |
| 29 | 00:06:23 --> 00:06:35 | down for everyone to participate in learning. To do what I can do, and you've seen the executions, you've seen how I've traded and I can trade up down all day |
| 30 | 00:06:35 --> 00:06:45 | long. And that type of stuff takes years, you don't need to do that. You don't need to be that good. And some of you really want to do that. But that will take |
| 31 | 00:06:45 --> 00:06:55 | years to get correct. And to make money to go out there and start putting down paper in your bank account. That's spendable real money, not Market Replay |
| 32 | 00:06:55 --> 00:07:05 | reports, not demo, not funded account challenges. We can't spend that money, all those types of things. They're useful in the beginning, and you have to have |
| 33 | 00:07:05 --> 00:07:16 | them. And the important factor is not that you can be exceedingly profitable in that stage, it's for you to discover what is going to hold you back. And if you |
| 34 | 00:07:16 --> 00:07:25 | try to ignore those things, or pretend that they're not their profitability, will evade you no matter what you try to learn, whether it be my approach to |
| 35 | 00:07:25 --> 00:07:35 | trading, whether it be someone else's stuff, whether it be an automated thing, you'll find some way to mess it up, if you have character flaws that need to be |
| 36 | 00:07:35 --> 00:07:47 | addressed. So to answer this short question, I believe that it would take someone six months, that's the, that's the fastest, in my opinion, the fastest |
| 37 | 00:07:47 --> 00:08:03 | way using what I've taught, define consistency. Now, you have to be an exemplary student, and have some understanding before meeting me to be in that league. And |
| 38 | 00:08:03 --> 00:08:11 | I'm not setting a bar for everyone to try to. Well, ICT said I gotta do it in six months, or I'm failing now. I'm saying that it's going to take you at a |
| 39 | 00:08:11 --> 00:08:22 | minimum six months, because how can you back test for three months, and then forward test at least three months, and not have at least six months. Like you |
| 40 | 00:08:22 --> 00:08:30 | have to do those types of things. And while anybody can go out there and say, look at this pattern, okay, look at this pattern, or look at this thing that I |
| 41 | 00:08:30 --> 00:08:46 | got here that's going to tell you when to buy and sell whatever that is, it's gonna have losing streaks. Every everything will. If I look at if I look at one |
| 42 | 00:08:46 --> 00:08:57 | market, and I try to trade, every fluctuation, I mean everything every ebb and flow of a one minute chart or a 15 second chart. And let's just say I take 50 |
| 43 | 00:08:57 --> 00:09:06 | trades in a day, and one trading session from the beginning of the day to the end of the trading day. And there was 50 transactions, I might have 20 losing |
| 44 | 00:09:06 --> 00:09:15 | trades in there. That may not be something that you would agree on. Like why did he take that trade, because I'm reading actual price action. And I'm trying to |
| 45 | 00:09:15 --> 00:09:25 | force myself to be in more trades that's necessary. Whereas what I try to teach my students in all of you listening is I want you to find setups, that will be |
| 46 | 00:09:25 --> 00:09:37 | like the cream of the crop, the best of the best. You want that one good trade that one good setup for your session. You're not trying to rush into any little |
| 47 | 00:09:38 --> 00:09:45 | thing that might resemble something that's either been shown by me or other people or wait for something to start moving in. You think it's confirmation. |
| 48 | 00:09:46 --> 00:09:54 | See, those things are very problematic in the beginning because you're in a hurry to learn how to make money. And you're in a hurry to be like what you see |
| 49 | 00:09:54 --> 00:10:02 | everyone else online, showing these payouts and you know, supposedly these are the numbers they mean eat for the day. But you're not really watching them |
| 50 | 00:10:02 --> 00:10:11 | trade. So you have to take a lot of things that people say online with a grain of salt. And now because you know, people were seeing me show a Live account, |
| 51 | 00:10:12 --> 00:10:25 | and they're not the $1,000 day and now backpedaling to, on its own, try to get a $780 day. These influencers, these gurus, these people that need to sell their |
| 52 | 00:10:25 --> 00:10:29 | stuff, they're going to come at you at different angles, especially after November. |
| 53 | 00:10:30 --> 00:10:38 | And while it's not my intention to try to shit on anybody and say new, don't buy anybody else's service, I mean, you're welcome to do anything you want to do. |
| 54 | 00:10:39 --> 00:10:51 | But the topic is, how long do I end a turtle trader? How long do I believe it's going to take for someone to start making money, minimum six months, I tell |
| 55 | 00:10:51 --> 00:11:00 | everybody that it's going to take you about a year. Because I want you to see a full year, I want you to see all the seasonal influences. And then what you |
| 56 | 00:11:00 --> 00:11:08 | learn from that, you're going to start building a model around how you're going to trade the following year. And in that second year, that's where your best |
| 57 | 00:11:08 --> 00:11:17 | learning is going to occur. Because you'll have a foundation that's been forged over a four year of seeing seasonal tendencies that come in the factors that |
| 58 | 00:11:17 --> 00:11:28 | that are going to influence you what areas are going to entice you through greed and fear. See that, that's the thing that you don't realize that the influencers |
| 59 | 00:11:28 --> 00:11:36 | are hiding from anyone that's trying to sell you something to get you into a service or community that you have to pay for a different kind of trading |
| 60 | 00:11:36 --> 00:11:47 | approach or whatever it is, or you know, something that's automated, whatever it is, they're always going to take your attention away from that personal growth |
| 61 | 00:11:47 --> 00:11:59 | period. Because that's the thing that everybody has to wrestle with. And that is the very thing that's going to cause you to quit. If everyone that has a trading |
| 62 | 00:11:59 --> 00:12:12 | opportunity, or setup, or a method of trading, that can be profitable 5050. Okay, if they have a 50% chance of profitability, as long as you have sound |
| 63 | 00:12:12 --> 00:12:24 | money management, you can be wildly profitable with that. I'll go one step further. If they can be profitable, 30% of the time, and lose 70% of time. Now, |
| 64 | 00:12:24 --> 00:12:32 | some of you are cringing, like what the hell ain't no way, there's people out there to do it. And here's the thing, there's a lot of my students that come in |
| 65 | 00:12:33 --> 00:12:42 | wanting to learn the precision aspects that I'm teaching. And they want to mimic the consistency, I'm showing that the amounts of money that you see me pulling |
| 66 | 00:12:42 --> 00:12:49 | down now, with my students are pulling down, you all want to go out there, you want to start doing it. And then when you start actually doing and you are |
| 67 | 00:12:49 --> 00:13:04 | profitable. If you really looked at your, your traders, results in your stats, you're not hitting 70% you're not hitting 60, you're not hitting 50, sometimes |
| 68 | 00:13:04 --> 00:13:11 | you're less than 50%. But you're still profitable. But you're going to do what you're going to put blinders on, you're going to pretend that that's not really |
| 69 | 00:13:11 --> 00:13:21 | there. Because, hey, I'm making money. And that's what I'm talking about those types of things are there growing pains, your your accuracy is going to increase |
| 70 | 00:13:21 --> 00:13:32 | over time. In two years, when I say it's going to take about two years or more, for some of you to get really good at this. Does that mean you can't be |
| 71 | 00:13:32 --> 00:13:44 | profitably for that now. But it's a nice little marketing ploy for someone that's trying to come up as a guru. There is no substitute for experience. And |
| 72 | 00:13:44 --> 00:13:55 | you have to get the the experience honestly, you can't, it can't be lent. It can't be borrowed, it can't be faked. You have to really acquire it. And when |
| 73 | 00:13:55 --> 00:14:03 | you're looking at the markets, and understanding the real risks that are inherent with trading and speculation, you have to be honest with yourself and |
| 74 | 00:14:03 --> 00:14:15 | give yourself time treat it like a PhD level. Education is education around that. Because you're executing in markets that are highly manipulated. In a time |
| 75 | 00:14:15 --> 00:14:26 | when the markets and the world is totally fucked up right now. It's hard. It's very hard to filter out all the bullshit nonsense that's going on. And if you |
| 76 | 00:14:26 --> 00:14:34 | have like, for instance, me, you have something that happens in your life that you don't see coming, comes out of left field. And it totally messes with your |
| 77 | 00:14:34 --> 00:14:42 | head and you can't you can't focus you can't trade. What do you do? Are you going to plop down and just say, Well, you know, I need to feel good about |
| 78 | 00:14:42 --> 00:14:50 | whatever it is I'm going through and be distracted by and take trades and not follow a model not follow a plan and then get the results that you don't want. |
| 79 | 00:14:52 --> 00:15:04 | See, you won't understand or appreciate that. Coming out of a one week workshop or a 40 day training program. You looking at needing Yang fucking symbols, none |
| 80 | 00:15:04 --> 00:15:16 | of that stuff, none of that is going to help you being in the charts, studying it, and discovering that weaknesses that you have, and all of us have them. I |
| 81 | 00:15:16 --> 00:15:25 | still have weaknesses that I have to wrestle, I have to subdue these things. I'm angry that this took place in my personal life, I'm angry that my son hurt |
| 82 | 00:15:25 --> 00:15:35 | himself. I'm thankful that he's still with us. And I want to go out here today, and literally make 100 bucks and $1,000 and shut up the ass of everybody that |
| 83 | 00:15:35 --> 00:15:46 | fucking has anything to say about me. But I know that that's my anger. And I'm going to see things that I want to see. And you won't understand that in your |
| 84 | 00:15:46 --> 00:15:56 | first few months. You won't understand that about yourself in the first year. But you're sure as hell going to know about it and your second year, because |
| 85 | 00:15:56 --> 00:16:03 | you'll have a baseline to look back and say, Hey, look at this. This is what I did, because I journaled this. And this is what I was feeling at the time. This |
| 86 | 00:16:03 --> 00:16:12 | is what's going on my personal life. These were my fears and my concerns. And this was my, my goals for that time. And I didn't hit it, and I didn't feel good |
| 87 | 00:16:12 --> 00:16:22 | about it. And it made me reckless, it made me impulsive. So fuck all these gurus bullshit, okay, talking about how, you know, it takes too long to learn ICT Go |
| 88 | 00:16:22 --> 00:16:30 | fuck yourself, if you don't want to learn how to do this, go play games with somebody else. Go play games with someone else. Okay, because you're still going |
| 89 | 00:16:30 --> 00:16:37 | to wreck your fucking ass doing whatever it is that you're trying to have you do. You can get lucky folks. There's people that get lucky all the time. And |
| 90 | 00:16:37 --> 00:16:48 | they have to reset their fucking columbines they get an account and they blow it. The numbers aren't matching. It ain't the same account that you're playing |
| 91 | 00:16:48 --> 00:16:57 | in Market Replay, they're playing in demo, they're calling it live in a you're not seeing executions, they're playing on a chart, delaying over the long |
| 92 | 00:16:57 --> 00:17:08 | position or the short position thing on trading view, that's not trade. And they're going to give you advice, they're going to tell you these people are not |
| 93 | 00:17:08 --> 00:17:16 | millionaires. These people are not making real money. But you're gonna allow them to influence you and tell you what you want to hear. They're gonna tickle |
| 94 | 00:17:16 --> 00:17:33 | your ears and tell you don't waste your time with that stuff. You can learn how to do this quicker. And what quicker kills, quicker kills. You cannot speed up |
| 95 | 00:17:33 --> 00:17:45 | proper education, you cannot speed up excellence. You cannot speed it up. It's going to come at the pace that you need and you require for yourself. And if you |
| 96 | 00:17:45 --> 00:17:54 | don't see that now, you will want you go through it. And you're gonna see looking back how you made it harder for yourself by trying to go faster through |
| 97 | 00:17:54 --> 00:18:05 | it because it's uncomfortable. It's uncomfortable to go through growing pains. I'm going to be traveling through my house here. So give me a couple of seconds |
| 98 | 00:18:05 --> 00:18:16 | here. My wife just woke up the puppies, we've been making the mistake of letting them sleep with us because they cry on their own, and they want to be next to |
| 99 | 00:18:16 --> 00:18:26 | me. And I left them in there with her. And now they realize I'm not there. So now she's got to attend to him. So I'm going out to my office hopefully have a |
| 100 | 00:18:26 --> 00:18:40 | little bit more quiet. But I was trying to get out here early enough to allow myself to talk to you all and still be able to get what I gotta get done today. |
| 101 | 00:18:42 --> 00:18:54 | But how long is it gonna take for you to make money? All depends on what you're trying to do. I mean, if you want to make $750 a day, you go to my couple your |
| 102 | 00:18:54 --> 00:19:10 | YouTube videos. It's done. You don't need some Mickey Mouse gogglebox bullshit. You don't need to join your BI services, the communities. You sit down during |
| 103 | 00:19:10 --> 00:19:23 | the charts on what's happening between 10 o'clock and 11 What's happening between two o'clock and three o'clock in the afternoon. What's happening between |
| 104 | 00:19:23 --> 00:19:38 | three o'clock and four o'clock in the morning on the session. Set up there every day, folks. Every single day. Now, some of you some of you want to over leverage |
| 105 | 00:19:38 --> 00:19:52 | that. Because you want that whole career. You want that winner's circle. Feeling that moment of Yes. I'm killing it. I need it. Everybody's gonna respect me. I'm |
| 106 | 00:19:52 --> 00:19:54 | gonna put this on social media I'm going to be established. |
| 107 | 00:19:56 --> 00:20:07 | You putting all that you're funneling all that emotion, that psychological impact that you want to have it on yourself. And you're lying to yourself |
| 108 | 00:20:07 --> 00:20:19 | saying, if the outside people, the people were gonna see me, they need to see this. No, you do. And if you feel that you're not ready, you're not ready, you |
| 109 | 00:20:19 --> 00:20:27 | will absolutely blow your accounts, you will absolutely cause serious drawdown because you're trading for all the wrong reasons. You're not going to discover |
| 110 | 00:20:27 --> 00:20:35 | that in a one week, bootcamp, you're not going to find that in a 40 day algo box bullshit, you're not going to find that in any other thing that tries to go |
| 111 | 00:20:35 --> 00:20:51 | quick, fast paced, you're not gonna get it like that. I got lucky for nine months. Nine months, folks. It's real easy to believe your shutdowns think after |
| 112 | 00:20:51 --> 00:21:06 | that. And then suddenly the market does what the market will do humbles you. And it became a revenge plot. I tried everything to make what I was trying to use |
| 113 | 00:21:06 --> 00:21:19 | prior to work and it wouldn't. And then I discovered how the markets really work. And then I discovered how I mess it up. I knew how the markets worked at |
| 114 | 00:21:19 --> 00:21:30 | some stage beyond what everybody else understands is retail. And here's a reminder I'm putting actually I'm putting a video out before I close up shop. It |
| 115 | 00:21:30 --> 00:21:38 | will be a very clear $5,000 reward for someone to come out there and find my stuff in writing or in video prior to 1996 I'm tired of reading all these little |
| 116 | 00:21:38 --> 00:21:47 | assholes and other people's YouTube comment sections saying it's rebranded a motherfucker came out there one time and said here's where the breaker is. Here |
| 117 | 00:21:47 --> 00:21:55 | is where the Reaper is. Here's what he's took this from here's the order book many of you know what the fuck an order block is. It's not a fucking supply and |
| 118 | 00:21:55 --> 00:22:10 | demand zone. Hello so that way I can tie up that loose drink too. And by the way, robins Cup where the Bucks mini baby where you at bro? You're supposed to |
| 119 | 00:22:10 --> 00:22:20 | be storming on in there come Oh man. I forgot it. That's baby let's go we got time we can do this. If you want to start next year. I can do it quietly not |
| 120 | 00:22:20 --> 00:22:32 | have to be on social media. I'll beat your ass. Let's go start making your mobile shit little fucking videos and your community posts. Bring it bitch all |
| 121 | 00:22:32 --> 00:22:46 | this pursuit to try to make money. All these influencers are going to be coming at you harder. When things get harder. When it's harder to get a dime out of |
| 122 | 00:22:46 --> 00:23:01 | their jobs and their sales. They're going to come at you at every angle. But where's their where's their breadwinners? Where's their ponies? Where's the the |
| 123 | 00:23:01 --> 00:23:10 | thoroughbreds in their fold? That's coming out there and saying, here's what we're doing with their stuff. It's not happening. It's not happening. It's |
| 124 | 00:23:10 --> 00:23:25 | crickets 500 Our payouts, 2000 Our payouts. And then you'll ever hear him again. They just fade away. And that's why I preach to all of you. It's wonderful. It's |
| 125 | 00:23:25 --> 00:23:35 | wonderful for you to get that funded account combine past and you get that little certificate, and it feels great. That's a report card. That's great. You |
| 126 | 00:23:35 --> 00:23:56 | didn't do shit yet. Don't forget that you didn't do shit. Yet. You just got to the dance. You just showed up. Now you gotta walk and do everything and have the |
| 127 | 00:23:56 --> 00:24:09 | tug of war inside. Oh, no. But if my trade doesn't pan out, it's gonna go to my stop if you've been placed one. And how it feels when you're just right before |
| 128 | 00:24:09 --> 00:24:18 | your limit order is going to get filled and it goes up there and touches and just the spread between the bid and the ask won't let it fill and it backs off |
| 129 | 00:24:18 --> 00:24:27 | six or seven handles. Are you gonna freak out and abandon the trade and kill it? They're gonna say You know what, I'm gonna stick with it. Even if it comes back |
| 130 | 00:24:27 --> 00:24:36 | against me. I'm okay because everything's not riding on this one trade. You can't learn that in 40 days about yourself. You cannot learn that in a one week. |
| 131 | 00:24:37 --> 00:24:49 | Boot Camp bullshit. You have to have months of it journaling and discovering who you are. I swear to you if there was a faster way of doing it, I would have |
| 132 | 00:24:49 --> 00:25:00 | already put it out there. I already would have done it. There is no other way that to learn all this stuff. If you want to learn You know what it is |
| 133 | 00:25:00 --> 00:25:09 | unproductive providing and producing? You don't need to know everything. Okay, that sounds like I'm hiding something. Like, I'm not trying to give you that |
| 134 | 00:25:09 --> 00:25:16 | little edge. I saw somebody thought about how ICT doesn't teach market structure. Are you out of your fucking mind? Even the stuff that people are |
| 135 | 00:25:16 --> 00:25:24 | talking about market structure right now, that's not even market structure. Nobody I'm telling you today this is including you, bro. They're in a |
| 136 | 00:25:24 --> 00:25:33 | motherfucker out there. It's teaching market structure that I'm teaching. Okay, there's institutional market structure that I'm giving you small little pieces |
| 137 | 00:25:33 --> 00:25:43 | of small little like puzzle pieces. But you have to look at them compartmentalised to understand what it is you should be looking at. It's not |
| 138 | 00:25:43 --> 00:25:50 | higher, high, higher, low, and then a break of structure that don't mean shit. Many times that SR run on stops, and then it continues. And for the folks that |
| 139 | 00:25:50 --> 00:25:59 | ask questions about that, how do you know it's not a shift in market structure running on stocks, market structure, narrative? Both have to be in agreement? |
| 140 | 00:26:02 --> 00:26:14 | You're gonna learn that in a week. You'll learn that in 40 days. Fuck no, you're not. Okay, you need to see time and price over a large sample size, minimum six |
| 141 | 00:26:14 --> 00:26:25 | months? Minimum. My six months Michael, what's the what's the thing because you're gonna see at least one of the Spring or Fall Seasonal tendencies. Think |
| 142 | 00:26:25 --> 00:26:33 | about it, it's, you're gonna see it. You're gonna see one of them. And here's the thing, I have students that make their career just in spring and a bunch, |
| 143 | 00:26:33 --> 00:26:39 | they make all their money. They're done. They don't get two shits, what's going to happen the rest of the year, I have more students that do that type of style |
| 144 | 00:26:39 --> 00:26:46 | of trading. In the fall, they don't do anything. They spend time doing whatever they want to do in the first spring, summer, don't worry about shit. And then |
| 145 | 00:26:46 --> 00:26:56 | come fall, which is what we're about to start next week. They do all their work, they run their business, they operate their whole speculation around those |
| 146 | 00:26:56 --> 00:27:06 | months. And then the year they're done. They pack it in, it's over. Someone's gonna say oh, that's a stupid thing. And we're these motherfuckers are making |
| 147 | 00:27:06 --> 00:27:20 | more than you do. In a year in a week. complainers talkers, shit smackers Get the fuck outta here, it's, it's going to get absurd. Come November, everybody's |
| 148 | 00:27:20 --> 00:27:28 | going to come in here and try to fill this void. And they're going to try to deviate your attention away from it. Don't if you're here to learn, stay with |
| 149 | 00:27:28 --> 00:27:38 | it. You know, I'm not going to be here. I'm not going to be here. But I'm just reminding you that everybody is going to be jockeying. And you can see them now. |
| 150 | 00:27:39 --> 00:27:51 | They're on Twitter. They're all trying to be that guy that's going to come in there and and be the the substitute teacher. You don't need a substitute teacher |
| 151 | 00:27:51 --> 00:28:08 | folks. when I'm, when I'm done, and I do my last Twitter space on November 11. My final shotgun Saturday you'll have everything in my opinion that you'll ever |
| 152 | 00:28:08 --> 00:28:18 | need. You don't need to buy a book from me. Okay, you don't you don't need to do that. As a reminder, those books are just for me to place my fingerprint on it. |
| 153 | 00:28:18 --> 00:28:24 | And you'll see everybody else that heard I'm rushed out there on Amazon to make books and pair it when I say that my mentorship videos and lecture notes. |
| 154 | 00:28:26 --> 00:28:40 | They're incomplete. And I've done that on purpose. I can't write books. While I was mentoring. It's to me many things to worry about and juggle too many user |
| 155 | 00:28:40 --> 00:28:57 | groups too many people too many personalities. And when you try to do this for a living hopefully you won't be caught up in the pursuit of trying to get rich to |
| 156 | 00:28:57 --> 00:29:10 | fast. Because look at whatever it is that you make at your job. I know it's not enough, even for the folks that are like surgeons in my mentorship that do very, |
| 157 | 00:29:10 --> 00:29:22 | very well. They can say they're happy with what they earn. But if they can make more, they would be very pleased to do it. So enough is never enough when it |
| 158 | 00:29:22 --> 00:29:31 | comes to earning potential. But when you're learning when you're trying to find consistency when you're trying to find your way through this for profitability. |
| 159 | 00:29:35 --> 00:29:48 | You got to determine a low threshold for enough. But you have to you have to find that for yourself and be content with that and then stretch gently outside |
| 160 | 00:29:48 --> 00:29:52 | that boundary for the next object that you're going to strive for. |
| 161 | 00:29:53 --> 00:30:04 | Because you don't know where that threshold is that's going to cause you to snap and you break away from rules. And there's that little sweet spot that you have |
| 162 | 00:30:04 --> 00:30:16 | to discover for yourself. No body has ever talked about Mark Lopez ain't said shit about it. No disrespected a man. And now his book is referred to as trader |
| 163 | 00:30:16 --> 00:30:28 | psychology Bible. A lot of good point in it. But there's a point at which were you when you go through your approach to trading, whatever that model is, |
| 164 | 00:30:28 --> 00:30:35 | whatever thing it is that you're using to gets the buy and sell signals that it's generating in your screens, that tells you to do something, whether it's |
| 165 | 00:30:39 --> 00:30:50 | manually decided, discretionary trading, or if it's automated, and it's generated by some kind of EA or an algorithm that spits out something that tells |
| 166 | 00:30:50 --> 00:31:06 | you to do this, or do that. Whatever it is that you're doing, when you're applying real risk till you get money behind it, when that happens, your focus |
| 167 | 00:31:06 --> 00:31:18 | is going to be drawn to the results of the trade. And that transition from when you're trading with no money, and you're just tape reading, you're just watching |
| 168 | 00:31:19 --> 00:31:33 | reading Christ, then your demo trading. Or maybe I should say, this way, paper trading. Before you get to that stage, you want to be doing like mock backup, |
| 169 | 00:31:33 --> 00:31:44 | and look at the old data like a market replay type thing. I'm not a big fan of it. I just I have to be very careful how I say it, because I know it's helped a |
| 170 | 00:31:44 --> 00:31:54 | lot of my students, and they found profitability after doing exercises with those things. So in recent months have applied it as a as a step. But it's never |
| 171 | 00:31:54 --> 00:32:04 | really been a step in my teachings. And I had profitable students without the necessary requirement of using Market Replay. But truth be told, if I had the |
| 172 | 00:32:04 --> 00:32:12 | access to that when I was coming up, I would have worn it out. Like I would have used it a lot. And I believe it would have helped me. But you know, I'm an old |
| 173 | 00:32:12 --> 00:32:22 | dog. It's hard to learn new tricks. It's, I have a way, okay, and my way I think is superior to everybody else's. And that's the part that pisses people off. And |
| 174 | 00:32:22 --> 00:32:37 | I get it, but it'll go away in November. But you have to find that sweet spot in your execution with real money. Where do you separate yourself from following |
| 175 | 00:32:37 --> 00:32:53 | the rules of the model? Like where? Where does that happen? What I mean by that? Let's just first for the sake of discussion here. Let's just say that. Brian, |
| 176 | 00:32:54 --> 00:33:03 | there is no, Brian. It's just some proverbial, imaginary person I'm using for the case study here, just like Carl, there is no Carl. But you all know him at |
| 177 | 00:33:03 --> 00:33:15 | work. Brian sets out to learn how to do ICT type trading, he watched his videos, he didn't really watch the videos. He doesn't just skim through them. He doesn't |
| 178 | 00:33:16 --> 00:33:23 | fall asleep. He doesn't use them as lullabies. He's going through and he's taking notes, copious amounts of notes. And then once you take some notes, he's |
| 179 | 00:33:23 --> 00:33:30 | referring to those notes and thinking to himself, how does this apply to me? What would I do with this information? How would I really use this information? |
| 180 | 00:33:31 --> 00:33:43 | What I read, would I be really adhering to this idea? Or would I be undisciplined and ignored? Would I be organized to have my chart setup to |
| 181 | 00:33:43 --> 00:33:46 | anticipate something happening within a 60 minute window? |
| 182 | 00:33:51 --> 00:34:02 | Would I be likely to abandon this approach or model whatever it is that you're trying to trade with? Because I have lots of ways of using the the PDA arrays? |
| 183 | 00:34:04 --> 00:34:13 | Would you quickly abandon one of them to go for another one? Because you've watched another student? So this is what I did. And you want to do that? Not |
| 184 | 00:34:13 --> 00:34:25 | knowing that what you're trying to learn can produce the same types of results. So it's just the money management aspect. That part is hard for some of you. And |
| 185 | 00:34:25 --> 00:34:39 | in fact, if I was honest, I think it's hard for most of you. Because you want to get to the doing the making of the money. Being part of that crowd. That crowd |
| 186 | 00:34:40 --> 00:34:53 | that has consistent profitable traders that reside in it, whether it be my community or another. They earned it. They earned that it's not flash in a pan. |
| 187 | 00:34:53 --> 00:35:04 | It's not over leverage. Get through a combine get funded. Get lucky after blue losing several dozens of funded accounts and just resetting and then finally |
| 188 | 00:35:04 --> 00:35:13 | getting one. And then that's the one you're going to show them now online. I have students that do that. I'm not going to point them out. But they've done |
| 189 | 00:35:13 --> 00:35:24 | that. And he didn't say the last beforehand. I wish they would have done that. That's actually more encouraging. Not just here, here's the here's the receipts. |
| 190 | 00:35:24 --> 00:35:32 | Your Stuff Works ICT I hired to know it works. I don't need that confirmation. Other people want me they see it. Regardless of how many times somebody blows |
| 191 | 00:35:32 --> 00:35:40 | their combine, trying to get to it. If they were honest, they'll tell you when they blew the Combine or they blew their life account funded account, let's call |
| 192 | 00:35:40 --> 00:35:50 | it that. They deviated from their model, and they went rogue. They went reckless. They started doing stuff that was outside of what they should have |
| 193 | 00:35:50 --> 00:36:01 | been doing. But to say that outline out loud online or communicate that to me publicly, I mean, they'll say it to me in a private message in TradingView. |
| 194 | 00:36:02 --> 00:36:15 | They'll send it to me in an email that I probably won't get to for ever. But they won't do it openly. Because they knew they'll be ridiculed. And that makes |
| 195 | 00:36:15 --> 00:36:33 | this business hard. Really hard. Because you're trying to make it about image you're trying to make it about money earned before you're ready to if I was a |
| 196 | 00:36:33 --> 00:36:44 | shyster if I was a con artist, I would at least this stuff to make it sound like it's get rich quick. And I could have sat in here and told you, okay, it's gonna |
| 197 | 00:36:44 --> 00:36:50 | go up from here. And we're going to buy it here. And we're going to sell it here. But I'm ticker partials here, here's where our stop is roll your stop |
| 198 | 00:36:50 --> 00:37:02 | here. I can do that. And a large portion of you would all think that you are good traders, flexing online, you ain't like us or ICT baby, we're representing |
| 199 | 00:37:02 --> 00:37:16 | who don't your gang signs up. Because you would be living vicariously as a trader through what I'm providing. As a 20 year old, that was exactly what I |
| 200 | 00:37:16 --> 00:37:29 | intended to do. Because team mentality is very, very strong. When it comes to competition type things. Look at sports. I don't like sports. I don't like |
| 201 | 00:37:29 --> 00:37:40 | baseball, I don't like football. I wear a Yankee cap once in a while. And now you think you can't I couldn't tell you one player name on the Yankee team. For |
| 202 | 00:37:40 --> 00:37:53 | a billion dollars, I couldn't tell you. I just think it's an all American type thing. And I like the logo. But the team mentality when you're marketing |
| 203 | 00:37:53 --> 00:38:07 | something real strong, real, real strong. And I know that that is useful from a marketing standpoint. And you have fallen victim to other people have done that. |
| 204 | 00:38:08 --> 00:38:19 | Throwing materialistic things, cars and whatnot to try to get your attention. And when I teach and when I talked about things, I've never ran ads, I just |
| 205 | 00:38:19 --> 00:38:34 | said, My shits better than everything else. Come prove otherwise. And nobody has. And word of mouth, bitch spread you in your pursuits of trading would have |
| 206 | 00:38:34 --> 00:38:42 | been caught up in if I just would have said, here's, here's what we're gonna do. We're gonna trade this as much as you would all love me more for doing so. All |
| 207 | 00:38:42 --> 00:38:51 | that we'll be doing is holding you back. I have students out there that are getting ready to cross over the $1 million net profit threshold. Only from |
| 208 | 00:38:51 --> 00:39:07 | YouTube. Let me say that again. I have students that are about to cross over 1 million fucking dollars in net profits. Not fucking Market Replay. Not demo |
| 209 | 00:39:07 --> 00:39:21 | dollars, not combine money. Real fucking money. Where's the million dollar fucking students anywhere else? I told you folks, I fucking told you. If you |
| 210 | 00:39:21 --> 00:39:30 | listened, if you listened, you follow the rules. And you learn about yourself discover what it is it's going to cause you to go off the rails. And then you |
| 211 | 00:39:30 --> 00:39:44 | fight really hard to not do that. Everything that you're looking to do, will come to you. In it's perfect timing. It's going to be perfectly timed when you |
| 212 | 00:39:44 --> 00:39:53 | get there. And you are finding your consistently profitable model where you're never going to change anything. You're not going to change shit. You don't care. |
| 213 | 00:39:53 --> 00:40:00 | You don't care what I'm writing in a book. You don't give a shit about watching my old videos anymore. You're not going to go back and learn something A little |
| 214 | 00:40:00 --> 00:40:10 | bit more about your you're done. You found that thing, just like your job when you go to work. They, they expect you to do same thing every workday for the |
| 215 | 00:40:10 --> 00:40:25 | most part. And then if you put your time in, and you prostitute yourself, you get paid out at the end of the week or every two weeks. How long did you submit |
| 216 | 00:40:25 --> 00:40:43 | to waiting to get that skill set to learn to do the job you're doing right now? How long did it take for you to get over? That butterfly feeling of I gotta, I |
| 217 | 00:40:43 --> 00:40:55 | gotta learn this job. So that way, I know, I'm confident that I won't be made redundant and fired. Are you thinking about trading the same way? If not, why |
| 218 | 00:40:55 --> 00:41:08 | not? That's a process you went through and you submitted to a process with a goal in mind that was a deferred result. That was not a short to you, it was not |
| 219 | 00:41:08 --> 00:41:17 | promised that you would have gainful employment, it was not promised to you, the opportunity was laid before you trading is just like that for all of us today. |
| 220 | 00:41:18 --> 00:41:30 | Later today. There'll be a market driver at 830. And you'll either not be a participant of it, or you'll fall victim to it. And you'll have experience from |
| 221 | 00:41:30 --> 00:41:45 | that. All of that allows you to build more understanding about how you are going to engage with these markets. Some of you that are highly organized, highly |
| 222 | 00:41:45 --> 00:41:56 | disciplined. And it's a small portion of you because by far and large, humans are not generally, those types of characteristics, predominantly in any one of |
| 223 | 00:41:56 --> 00:42:08 | us, really, that's an exceptional breed on not that I had to do those things, and force myself to do that, because my attention is easily diverted, have very |
| 224 | 00:42:08 --> 00:42:24 | short attention span, easily irritated, bipolar have all kinds of reasons that make it harder for me. And they're not fucking decisions. They're their impulses |
| 225 | 00:42:24 --> 00:42:34 | that sometimes I can't control. Once something starts happening, I got to run after I got Chase it, you're going to discover that's probably something that |
| 226 | 00:42:34 --> 00:42:44 | you never discovered about yourself. And you can't let that occur in your trading. Otherwise, it will undermine you undermine your development, even if |
| 227 | 00:42:44 --> 00:42:56 | you are profitable. All it takes is a small episode. For that to happen. If you have no discipline, you have no self control, and you are reckless, you can |
| 228 | 00:42:56 --> 00:43:12 | undermine a week's worth a month or an entire count you can be done one day I've let my kids trade live accounts, to teach them what it feels like to watch real |
| 229 | 00:43:12 --> 00:43:27 | money. I've let them do it. I've let them do it. And one of them two years ago, in July, went through $42,000 I sat right there and watched them do it. Oh, |
| 230 | 00:43:27 --> 00:43:36 | that's bullshit who would do that? Me I would. I want them to understand that that was real money that they went through to buy and sell it as much as you |
| 231 | 00:43:36 --> 00:43:47 | want. Do what you want to do. But understand at the end of this day, whatever you've done, this is what it cost. Or this is what you made. And I want you to |
| 232 | 00:43:47 --> 00:43:49 | tell me what you feel like What's it feel like? |
| 233 | 00:43:52 --> 00:43:58 | How many of you know what it feels like to lose $42,000 In two hours in 15 minutes or so |
| 234 | 00:44:03 --> 00:44:20 | sobering isn't it? I want all of you to respect the risk. The only way you're going to respect that risk is for you to go through this process properly. Not |
| 235 | 00:44:20 --> 00:44:31 | speedy. Not quickly not if I run through it quick enough that devil won't know I'm here. That's not how this works. Now. You gotta let the flames send your |
| 236 | 00:44:31 --> 00:44:43 | acid few times. Burn the hairs off of it. And sometimes it doesn't smell good. But you'll remember it. You will remember and last time I traded this kind of |
| 237 | 00:44:43 --> 00:44:51 | fucking shit. I didn't use the stock a lot and I think this rain real quick 30 handles it just blew up against me. 30 hands if I had to stop. I only would have |
| 238 | 00:44:51 --> 00:45:03 | lost 12 And by the time I got out of it, it's 30 Plus against me and still running See in the beginning, you don't think that's ever gonna happen to you. |
| 239 | 00:45:04 --> 00:45:16 | You think that's never going to happen to you, you're the exception. I thought that shit until the market chapped my ass. dozens of times, I was stubborn, it |
| 240 | 00:45:16 --> 00:45:26 | took a lot for me to learn these types of things. Because if there's a guy, there's gonna crack all this stuff, that's going to be me, right. And I did a |
| 241 | 00:45:26 --> 00:45:28 | lot of things that cause me harm and pain. |
| 242 | 00:45:34 --> 00:45:43 | And you're not going to know what they are for you are when you're going to learn them. But if you're consistently applying yourself to the markets every |
| 243 | 00:45:43 --> 00:45:51 | single market day, in one capacity or another, whether it be in hindsight, because you're working, going to school, or whatever, or if you're doing it |
| 244 | 00:45:51 --> 00:46:08 | live. Either way, once you get to about two years into this, I am confident as a trader, I'm confident as an educator, I'm confident as a human being two years |
| 245 | 00:46:08 --> 00:46:18 | doing something properly, you will have a baseline that you can really lean on in terms of your personal experience. I'm not fucking talking about what |
| 246 | 00:46:18 --> 00:46:27 | happened in a chart. That means what you have been doing from day one, have you been playing around Mickey Mouse bullshit playing in the sandbox? goofing off? |
| 247 | 00:46:29 --> 00:46:38 | Buying something selling something because you just think, you know, I just feel like it's probably gonna go down. That's not trading. That's gambling. That's |
| 248 | 00:46:38 --> 00:46:46 | fucking gambling. Are you looking at the chart and thinking, Oh, well, if I do this is probably going to do that. If you're doing that you're gambling. You |
| 249 | 00:46:46 --> 00:46:54 | have to know exactly what you're looking for. That's the reason why I teach the way I teach. That's why I'm long winded. Because this is how you make fucking |
| 250 | 00:46:54 --> 00:47:06 | money. Consistently. Not flashing a pin. Anybody can go out there and say here, look at this, if the moving average on the nine Ema is above the 18 Ema and it's |
| 251 | 00:47:06 --> 00:47:16 | been like that for the last two weeks on a daily chart, if the the opening price tomorrow on a Monday or Tuesday, gets traded below, and then rallies above the |
| 252 | 00:47:16 --> 00:47:22 | opening price after 10 o'clock in the morning. If you buy the first bear that you get, you can hold that until three o'clock in the afternoon and be |
| 253 | 00:47:22 --> 00:47:32 | profitable. Hello, I just gave you a fucking model. And it has indicators. It has rules don't risk more than 1% I guarantee you can pass columbines with it. I |
| 254 | 00:47:32 --> 00:47:42 | guarantee you, you can quit your job. I guarantee you, you will be consistently profitable if you can stick to it. But can you I can take everybody else's |
| 255 | 00:47:42 --> 00:47:54 | bullshit out there and turn it into rocket fuel. Why? Because I know how these markets work and I know me I know me I know when their ships going to fail. And |
| 256 | 00:47:54 --> 00:48:03 | I know when it has a probability of working they don't that's why they talk about things being random shits random you got to do this you got to you'll |
| 257 | 00:48:03 --> 00:48:13 | never know what's gonna happen the market doesn't you know doesn't have any rhyme or reason that's horseshit. And you won't know that in a 14 day program, |
| 258 | 00:48:13 --> 00:48:25 | you won't learn that in a one week boot camp. You won't learn that in less than six months you gotta be around some mind that now understands obviously, the way |
| 259 | 00:48:25 --> 00:48:40 | people think how they're gonna mess things up and have messed it up themselves and found the other side doing it correctly. proving it can be done with real |
| 260 | 00:48:40 --> 00:49:00 | fucking money. demoed baller put his demo account away where's he excuses now? Marissa excuses not to backpedaling. $750 daily goals. Where's the big money at? |
| 261 | 00:49:01 --> 00:49:12 | I think everybody should start doing $25,000 days. The first person that can't do it is a bitch. How about that for a challenge? How's that hashtag $25,000 |
| 262 | 00:49:12 --> 00:49:22 | days? First one it can't fucking do it consistently is a bitch. How's that? Let's see who the fuck really knows what's going on? I'm telling you fuckers I'm |
| 263 | 00:49:22 --> 00:49:27 | stepping out of here in November. It ain't nobody ain't doing shit. Nobody |
| 264 | 00:49:33 --> 00:49:44 | but you're gonna listen to fools. You're gonna listen to people that are fucking broke. just discovering what it feels like to have money because they're selling |
| 265 | 00:49:44 --> 00:49:59 | something that's the part I can't wait to get the fuck away from. It pisses me off. It makes me want to do things online that makes it look like I need the |
| 266 | 00:49:59 --> 00:50:05 | attention. I don't need media attention. I don't want the fucking attention. I can't wait to leave it |
| 267 | 00:50:10 --> 00:50:18 | but you're gonna get caught up if you're not careful, you're gonna get caught up watching some Mickey Mouse shit. Listen to some dumbass fucking clown. It's |
| 268 | 00:50:18 --> 00:50:29 | gonna lead you down the primrose lane and it's going to undermine any progress that you've made right now or stifle any real proper progress. Making money is |
| 269 | 00:50:29 --> 00:50:42 | easy. It's so fucking easy. It's ridiculous. You are going to fuck it up. Like everybody else that ever does it and fails, they are the problem. But the weak |
| 270 | 00:50:42 --> 00:50:49 | minded individuals are going to say, yeah, like you didn't teach me this, or this, this thing didn't do what it was supposed to do this indicator, didn't |
| 271 | 00:50:49 --> 00:50:57 | plot it right here and this, everything's this that nothing. It's against me. And it's all rigged, and therefore I can't do it. It's rigged, and you can do |
| 272 | 00:50:57 --> 00:51:06 | it. That's the difference on why you people are arguing against me that there isn't an algorithm, it is absolutely an algorithm. It's advantageous for you to |
| 273 | 00:51:06 --> 00:51:17 | understand that. And when you do know that it has parameters as to operate within it makes it more likely that what you think may happen is likely to occur |
| 274 | 00:51:18 --> 00:51:25 | to happen versus some random bullshit that's going to come out of nowhere. I'm not saying that there can't be those types of things, these black swan events, |
| 275 | 00:51:26 --> 00:51:36 | or over exaggerations in the Market Report, or data drive it it comes out like 830 and US embargo lifts and something comes out read report, maybe orange level |
| 276 | 00:51:36 --> 00:51:44 | report comes out and it becomes a little bit overzealous in its delivery in price. That's intervention that that's that's manual intervention. You don't |
| 277 | 00:51:44 --> 00:51:57 | know when and how what degree it's going to be impacting the market. That's the risk. That's the risk. Even with my stuff you don't know. I don't know. When |
| 278 | 00:51:57 --> 00:52:06 | Brett's gonna pull up and say, hey, you know what, ICT I saw your fucking commentary. And guess what we're gonna do today, right? The other direction. But |
| 279 | 00:52:06 --> 00:52:17 | then eventually comes and goes where I wanted to go. But that one day will change everybody's minds. That one day, that one little fluctuation in price. It |
| 280 | 00:52:17 --> 00:52:31 | might be a couple 100 handles. But eventually it goes where I want it to go. See short term, short term is intended to upset sentiment. That's what it's there |
| 281 | 00:52:31 --> 00:52:45 | for these lower timeframe fluctuations. That's not randomness. There's absolutely not randomness. It's all going in a specific manner to upset the |
| 282 | 00:52:45 --> 00:52:56 | current sentiment. And also, if there isn't any clear, discernible sentiment where it's obvious. In other words, what I mean by that, where the market |
| 283 | 00:52:56 --> 00:53:06 | collectively is expecting it to go down, or is expecting it to go up. They'll use these short term intraday charts to cause these real dynamic dives lower or |
| 284 | 00:53:07 --> 00:53:16 | rallies higher. And then what you'll do is you'll see that and say, Oh, well, shit, I was probably wrong. Let me change course, and go the other direction. |
| 285 | 00:53:17 --> 00:53:26 | Watch the youtubers that do live streams. Listen, how they talk, watch their body language I love I love that they have the courage. And the balls, get out |
| 286 | 00:53:26 --> 00:53:34 | there and do that. Because it's a wonderful human experiment to study how often they can convince themselves that they're absolutely right and they're wrong and |
| 287 | 00:53:34 --> 00:53:35 | shit. |
| 288 | 00:53:41 --> 00:53:51 | They are not paying attention to that aspect of their own trading. That's what holds them back. They're caught up in trying to be a YouTuber. They're trying to |
| 289 | 00:53:51 --> 00:54:00 | be a celebrity instead of someone that sits down from the charts at a specific time knowing that the setups going to be there. Wait for it. Don't anticipate |
| 290 | 00:54:00 --> 00:54:09 | it. It won't let me say it differently. Don't get ahead of it. We have to anticipate it because we're not reacting the shit. But don't try to get ahead of |
| 291 | 00:54:09 --> 00:54:17 | the setup. Don't think oh yes, it's going to be I can I can trade and know there's gonna be a fair Vega. I've done it before I've talked about I've shown |
| 292 | 00:54:17 --> 00:54:27 | examples of it and executions. I've literally done it. But you don't need to have that. Oh, you're an asshole for not teaching it. You'll learn how to do it |
| 293 | 00:54:27 --> 00:54:40 | from experience. Reading institutional order flow, you'll know it you'll know when that gaps gonna form. You'll know where, when and why. But you don't giving |
| 294 | 00:54:40 --> 00:54:50 | yourself the chance to discover that stuff. Some of those things that you're asking me to teach you. There are things that you're going to acquire from your |
| 295 | 00:54:50 --> 00:55:04 | own exposure by doing the very thing that you're trying to avoid. Think about that. You It's a paradox, you think it should be this when I'm telling you, it's |
| 296 | 00:55:04 --> 00:55:15 | not that it's this, it's literally going in there trying not to make money, read price, try to know where, where price is going to go, why it should go there |
| 297 | 00:55:15 --> 00:55:25 | from a higher Time Frame perspective, and submit that an idea all week long. Think about I've been trading a Live account books. It's not demo, it's live. |
| 298 | 00:55:27 --> 00:55:36 | And I tell you where I thought the market was going to go and what the bias should be. And I only execute in that direction. I've done so to show you that, |
| 299 | 00:55:37 --> 00:55:47 | even though it might go up to Hunter handles for the day. And you really, if you didn't, in that first part of the move, you've missed 90% of it. I can feed that |
| 300 | 00:55:47 --> 00:56:01 | and stick with my bias. Oh, wow. So what you're saying ICT is do the work and trying to find and determine where the bias is stick to trading with that model, |
| 301 | 00:56:01 --> 00:56:11 | except the fact that if I'm wrong, or you're wrong, and you get stopped out, it's part of it. But you can still find profitable trades, even an up close |
| 302 | 00:56:11 --> 00:56:28 | day's going short. That might happen. Unplanned. You don't see it coming. And that's all part of your learning curve. But over time, what's going to happen is |
| 303 | 00:56:28 --> 00:56:40 | you will get yourself aligned with the larger higher timeframe order flow weekly and daily for our if you trade in that direction. Where is the market likely to |
| 304 | 00:56:40 --> 00:56:50 | draw to next Where's where's the liquidity? Where is the inefficiencies. If you think about price like that, from weekly daily, for our do most of your work on |
| 305 | 00:56:50 --> 00:57:04 | those charts, spend most of your time in those three timeframes. If you filter out the trades in those directions for where the next imbalances, or liquidity, |
| 306 | 00:57:05 --> 00:57:19 | and then you use these one to five minute or less timeframes within the 10 o'clock and 11 o'clock, two o'clock to three o'clock, or three o'clock to four |
| 307 | 00:57:19 --> 00:57:31 | o'clock, the respective am session pm session in london session. Your silver bullets are easy. They're easy, folks. you're wrestling with all this other |
| 308 | 00:57:31 --> 00:57:44 | shit. You're trying to bring everything in to a discussion. Like there you can't form fit. Everything I've ever taught. And pushing in every single fractal in |
| 309 | 00:57:44 --> 00:57:54 | price action, every little portion of price movement, you're trying to take everything I've ever said about price and finding it in that one fractal. When |
| 310 | 00:57:54 --> 00:58:08 | it is what it should be is that you're taking a model a run on liquidity, a displacement, a retracement back in two inefficiency with a lower level |
| 311 | 00:58:08 --> 00:58:17 | objective. For sell side. Wow, the four hour or the daily or the weekly preferably all three are in agreement that there's something that's going to be |
| 312 | 00:58:17 --> 00:58:26 | reached for on the lower side. That my friends is a lead pipe cinch trade. That means you're gonna walk in there like you're holding a lead pipe and you're |
| 313 | 00:58:26 --> 00:58:33 | gonna bash this motherfucker upside its head and it's going to pay out and you're gonna be able to shake it down. And you're gonna go on your merry way. |
| 314 | 00:58:34 --> 00:58:39 | And you're not going to feel any pain, it's going to be a low resistance, liquidity run, it's going to be quick, it's going to run right to your target, |
| 315 | 00:58:39 --> 00:58:44 | it's gonna have very little drawdown, it's gonna it's going to fuck around, it's not going to meander around, it's not going to consolidate, it's going to go |
| 316 | 00:58:44 --> 00:58:51 | right to your shit and be done. That's the type of setup you're looking for once a week that's the shit that gets you out of work that's your fucking money. |
| 317 | 00:58:51 --> 00:58:58 | That's the thing that changes the entire trajectory of your life. And nobody can do shit the pits in your cornflakes because you can tell them to fuck themselves |
| 318 | 00:58:58 --> 00:59:10 | in a nothing they can do say or anything it change it every week, every day, and it won't fucking stop. That's where I'm taking you. That's the direction I'm |
| 319 | 00:59:10 --> 00:59:17 | pointing to. That's the That's what you're trying to do by learning all this stuff. Matt, I want to trade the fucking Reaper. I want to trade the silver |
| 320 | 00:59:17 --> 00:59:27 | bullet on this. I want to trade the optimal trade entry on that. And I want to do this and what the fuck? I have all that stuff. Yes. But every day when I sit |
| 321 | 00:59:27 --> 00:59:35 | down, I want to go in and find a specific setup. Now if I see something that jumps off at a time, oh, yeah, I'll take that. Why what not if you walk down the |
| 322 | 00:59:35 --> 00:59:41 | street and you have $100 Bill, on a sidewalk you're gonna pick up you're gonna say fuck that. I'm picking that up. Now, that's my house. Get that that's trash. |
| 323 | 00:59:43 --> 00:59:53 | But I'm going out there on a specific day with the intention of that my one specific model I want to wait for. I know it's going to be there. So you don't |
| 324 | 00:59:53 --> 01:00:01 | know that. You don't know them intimately enough. You haven't spent enough time with it. How well do you knew yours? out how well do you know your significant |
| 325 | 01:00:01 --> 01:00:09 | other? Some of you that know them very well you can finish their sentences as much as I hate that fucking shit. My wife will sometimes finish my sentences for |
| 326 | 01:00:09 --> 01:00:21 | me. And I'm like, What the hell? I don't like that. But that just goes to show that she knows me. She knows what I'm gonna say. And I know before she's, I'm |
| 327 | 01:00:21 --> 01:00:28 | not gonna say now that because I can't stand it. But I'm finishing all of my kids and her sentences before she finishes them. I know what she's gonna say |
| 328 | 01:00:28 --> 01:00:37 | before she says I'm gonna like a reader face. What does that mean? I endured, I endured the relationship, all the ups and downs. Okay, I went through the |
| 329 | 01:00:37 --> 01:00:47 | process of being a good husband. So therefore I understand her. I met her read her tape, okay. Well, how else is marketing different, you have to be around it |
| 330 | 01:00:47 --> 01:00:54 | enough. You have to give it love. And it's going to slap you around in the beginning of my cheat on you, because you're not giving it enough attention. |
| 331 | 01:00:54 --> 01:01:03 | That's just the way it is. But you have to stick to it. Show the market, that you are faithful, and you're going to be monogamous with it. You're not going to |
| 332 | 01:01:03 --> 01:01:13 | give it up to sports on the weekend, you're going to study the charts. She wants to know she loved Okay, in deference to the ladies. He wants to know you love |
| 333 | 01:01:13 --> 01:01:24 | him. Price. When you internalize it like that, you make it meaningful. You have a relationship with it, the markets are going to be much more meaningful to you. |
| 334 | 01:01:25 --> 01:01:33 | Not adversarial. It now some of you are laughing and are saying oh this guy's bullshit. But how many times have you said this fucking market? Fuck you. You |
| 335 | 01:01:33 --> 01:01:43 | give it the finger. You personified it there too. But what have you done? You vilified it? And now your subconscious sees every time you push that button, |
| 336 | 01:01:43 --> 01:01:54 | it's going to hurt you see what's going on. But you never look at it that way. You know, look, nobody's writing books like this. Nobody's sitting down and |
| 337 | 01:01:54 --> 01:02:04 | making YouTube videos about this because it sounds silly. To the average person to lay audiences sounds nonsensical. But we're human people, we're are creatures |
| 338 | 01:02:04 --> 01:02:15 | that have emotion, and you have to wrestle these things. And finding profitability, you have to go through all this bullshit to discover what makes |
| 339 | 01:02:15 --> 01:02:22 | you tick, what pisses you off, what gets your juices flowing, what makes you hot and ready to do whatever the hell it is, and you're recklessly going out there |
| 340 | 01:02:22 --> 01:02:38 | and taking any risk. What happens if you find where you mess up, and you learn to dial back your risk or don't trade at all. And you find where your model is |
| 341 | 01:02:39 --> 01:02:49 | perfect for you. And you're comfortable accepting the higher level risk. I'm not saying risk high. But let's just say for instance, your highest threshold of |
| 342 | 01:02:49 --> 01:02:58 | risk is one and a half percent. And you only trade that one and a half percent on those instances. And you've learned that this is what constitutes the proper |
| 343 | 01:02:58 --> 01:03:09 | alignment for that because you have done it enough to know that this is really a good setup. So you don't know what a really good setup is for silver bullet. You |
| 344 | 01:03:09 --> 01:03:23 | don't know yet. If you're saying you do you don't eat just learned it. You have to spend time with it. And you'll also learn how it'll be an integral part of |
| 345 | 01:03:23 --> 01:03:25 | learning how you can pyramid in larger moves. |
| 346 | 01:03:29 --> 01:03:39 | Some of you are discovering your model is the silver bullet. I have students that have already entered the trade at a higher level. And they pyramid it in |
| 347 | 01:03:39 --> 01:03:48 | and then they're adding one more in that fair value got this the silver bullet because they know once it leaves that Elvis has left the building. If you're not |
| 348 | 01:03:48 --> 01:04:01 | positioned you missed it. You are chasing price then does that make the silver bullet trader only entering their inferior to the other traders No. And if you |
| 349 | 01:04:01 --> 01:04:09 | think like that, you got to ask backwards you need to pull your head out your ass. That's not how you should be thinking about what fits you as a trader with |
| 350 | 01:04:09 --> 01:04:22 | you what fits your unique perspective on looking at price. And then finding a way to turn that into a cookie cutter in the market, and price action delivery |
| 351 | 01:04:22 --> 01:04:33 | every day is the Dell and you're just going to take your cookie cutter model, Silver Bullet optimal trade entry, whatever. You're gonna press it in at the |
| 352 | 01:04:33 --> 01:04:45 | right time. And you're gonna pull off and it's gonna look just like you want it to for you. Do you take a star cookie cutter and precedent to roll it out sheet |
| 353 | 01:04:45 --> 01:04:53 | of dough, cookie dough or whatever. And you press it down in the net though. It's shaped like a star in your hand and you pull it off. It looks like a square |
| 354 | 01:04:54 --> 01:05:01 | or it looks like a triangle. Are you expecting that? No, of course not. Your expectations are when you pull that cookie letter off that dough, it's gonna |
| 355 | 01:05:01 --> 01:05:13 | look like the star or very close to what the shape of that cookie cutter was. You trust that because you've pressed that into dough times before dozens, |
| 356 | 01:05:13 --> 01:05:21 | hundreds 1000s, whatever it is, you're not putting any thought behind. You know, when you do this, this is what's going to happen. That's what your training will |
| 357 | 01:05:21 --> 01:05:30 | become. When you have a model that you stick to that you've found that fits your unique personality. It does complicate things for you. I have PD arrays that are |
| 358 | 01:05:30 --> 01:05:39 | extremely complicated that you'll never learn, but they will make you fucking millionaires. Now, let me backpedal. The silver bullet can make you a |
| 359 | 01:05:39 --> 01:05:53 | millionaire. The optimal trade entry can make you a millionaire breaker can make you a millionaire. I gave you some retail nonsense earlier with a 918 Moving |
| 360 | 01:05:53 --> 01:06:05 | Average. When they're up last two weeks or so, on the daily chart. First we have a gap on the daily chart. When trades into that going lower timeframes. Use the |
| 361 | 01:06:05 --> 01:06:13 | opening price wait for the trade below, then go back above the opening price to the next very next fair value get by that reversal for selling short. I need an |
| 362 | 01:06:13 --> 01:06:28 | indicator I don't know what biases are you go see done. Bearing anything out there. That's retail shit, that I can't go in there and make it work like Swiss |
| 363 | 01:06:28 --> 01:06:44 | timepiece precision. Because I understand price. They trust their indicators. They trust this flawed logic. I don't use flawed logic. I don't. And I've proven |
| 364 | 01:06:44 --> 01:06:54 | it. My students are proving it to you. They're coming with the real money. You're going to come with your own receipts with real money. How long? Is it |
| 365 | 01:06:54 --> 01:07:01 | gonna take for you? I don't know. But I know nothing can be less than six months. Not consistently. Some of you can go out there and watch a video and |
| 366 | 01:07:01 --> 01:07:08 | say, Oh, yes superb. Let me try it tomorrow, try to get a funded account, pass it, get a funded account, make money with it, might even get a couple of months |
| 367 | 01:07:08 --> 01:07:19 | of doing it. And then what happens is you think you figured it all out, like it happened for me. And then something will happen. You'll have a loss, or a string |
| 368 | 01:07:19 --> 01:07:29 | of very small losses, which is normal in this business, it's normal to anticipate that and expect it and think nothing of it in terms of Ruin, it's not |
| 369 | 01:07:29 --> 01:07:40 | ruin its attacks. That's all it is. It's attacks are traitors tax is taking small losses and a better fucking be small. Because if they're not small, you |
| 370 | 01:07:40 --> 01:07:50 | aren't doing your job. You're overpaying your taxes, you only need to pay your legal amount of taxes. But like most of the people, they go around, they claim |
| 371 | 01:07:50 --> 01:07:59 | zero on their income taxes. And they give the government a 14 to 16 month fucking loan interest rate. And you get that money back as a tax refund. And you |
| 372 | 01:07:59 --> 01:08:08 | say Yeah, ooh, yeah, got some money. You could have had that fucking money every week. But you ain't sat down and figured out what your deductions really should |
| 373 | 01:08:08 --> 01:08:17 | be. And it's an easy thing to do. It's worth it for you to sit down with a CPA and say, Hey, this is what I earn. This is what it's going to be how can I claim |
| 374 | 01:08:18 --> 01:08:32 | exemptions? To where I got the maximum amount where I don't have to pay any taxes? Think about it. What would that $35 or $40 more a week do for you today? |
| 375 | 01:08:33 --> 01:08:42 | Never thought about that, did you? You got money. You got money to go into your gas tank, but you're giving it to the government and over taxation all year |
| 376 | 01:08:42 --> 01:08:51 | long. But you're submitting to that, because you think that that's a fucking bonus for you surviving another work year. I'm gonna get my refund. Like they |
| 377 | 01:08:51 --> 01:08:59 | gave you something out of their own pocket. They're giving you your own fucking money back. I got family members that go nuts when it comes time for that. I'm |
| 378 | 01:08:59 --> 01:09:09 | like what do you what do you think and you can use that money in fucking stopped working? What the fuck are you doing? But people are gonna do what people know |
| 379 | 01:09:11 --> 01:09:18 | what they're trained to do. Everybody does it claim zero. You don't have to pay any taxes any year. Even if you had to pay a couple 100 hours and you did the |
| 380 | 01:09:18 --> 01:09:32 | maximum legal deductions. exemptions from from taxation. You might have to pay 203 I'm not ours. But to have all your money all year long every paycheck. Yeah, |
| 381 | 01:09:32 --> 01:09:41 | to me, that's worth it. That's fucking worth it. That's like paying insurance and not using it. You can't get that money back. When you pay car insurance and |
| 382 | 01:09:41 --> 01:09:49 | You wrecked your car. Where's that money going? Yes, Piscataway, but don't have insurance and you're gonna wish you had it. Right. So how people look at money, |
| 383 | 01:09:49 --> 01:10:00 | how people think about money needs to change and so many financially illiterate motherfuckers are trying to teach people how to become rich when they themselves |
| 384 | 01:10:00 --> 01:10:15 | her fucking ass broke. They have no idea what's going on with money. Buying shit, because he never had that kind of money before I get it, I see it. But you |
| 385 | 01:10:15 --> 01:10:26 | can't do those types of things and maintain that because it will wear you down. And you'll be chasing the next thing that makes you feel good. versus finding |
| 386 | 01:10:26 --> 01:10:42 | the feel good and consistently making more money. Not spending it to actually get it, or racing to get to it before you're really ready. So in closing, how |
| 387 | 01:10:42 --> 01:10:54 | long does it take to be consistently profitable in trading? My humble submission is it's going to take you two years to know like the back of your hand that you |
| 388 | 01:10:54 --> 01:11:05 | can absolutely walk into next month's market, any given fucking day and leave with profits, it's going to take you a minimum of two years to do that. Now, you |
| 389 | 01:11:05 --> 01:11:18 | can absolutely watch my video. On a silver bullet, you can absolutely watch the 2022 model 41 videos or whatever it is from last year. Submit to that, put it to |
| 390 | 01:11:18 --> 01:11:28 | practice. And you can start making money in your demo and eventually into a combine past challenge and get into a funded account or go into Live account |
| 391 | 01:11:28 --> 01:11:40 | trading. You will have losing trades, you will lose money but you can make money just like anybody else. But don't fall victim in thinking that that is your |
| 392 | 01:11:40 --> 01:11:55 | success. One trade one payout one funded account passing the Combine does not make a trader how you close the end of the year. That's what matters. Are you |
| 393 | 01:11:55 --> 01:12:03 | paying taxes on your money that you traded with? Because if you're paying taxes, you're a profitable trader. If you ain't paying taxes, you ain't fucking |
| 394 | 01:12:03 --> 01:12:15 | profitable trader. You can make all the money in the world all year long. But if you ain't close the show, with a tax bill, you Ah shit. And this is real talk. |
| 395 | 01:12:16 --> 01:12:38 | And how much is that tax? That really sets the stage right? How much taxes? Is your guru pain in trading income? Inquiring minds want to know. So, yes, I |
| 396 | 01:12:38 --> 01:12:47 | believe that you can go out and right away, make a profitable trade with what I'm teaching. Just like I believe it's possible for any of you to go out there |
| 397 | 01:12:47 --> 01:12:58 | and do anything. You can literally flip a coin, head, you buy tails you sell, wait for the first 30 minutes to pass. And just do that. And only risk a quarter |
| 398 | 01:12:58 --> 01:13:04 | of 1%. Do that every single day. Let your trade hold for the entire day. |
| 399 | 01:13:06 --> 01:13:15 | If you do that, you'll make more money than any guru out there selling horseshit. Not me, of course, I got to put that caveat. I mean, but you, you |
| 400 | 01:13:15 --> 01:13:24 | could literally do where you're well done. And you'll have losing trades. But you'll let your profits run all day long. And you'll get the full daily range as |
| 401 | 01:13:24 --> 01:13:37 | simple rules, but you won't submit to them because it will not be the accuracy point that you're trying to reach too fast. How do you get a high accuracy? By |
| 402 | 01:13:37 --> 01:13:45 | knowing which ones aren't going to be as good as the others, you'll you'll recognize what a cream of the crop trade is. You'll know you've been there so |
| 403 | 01:13:45 --> 01:13:53 | many times. This is what it looks like. This is what it resembles. And I feel everything is moving in this direction. All of the macros that the dollar index, |
| 404 | 01:13:53 --> 01:14:10 | the bond market, seasonal tendencies, commercial hedge traders, all the factors are in one favor of going up. Well, shit, it's easy, then. That's easy. But are |
| 405 | 01:14:10 --> 01:14:17 | you willing to wait for those times? Chances are you're not because you're too impulsive right now you're too reckless to get in there and try to do it right |
| 406 | 01:14:17 --> 01:14:26 | now. Because you need to be convinced that you can make money if you just do one trade, who gives a shit if it's gambling. If you can make money one time and get |
| 407 | 01:14:26 --> 01:14:40 | a payout one time that will pay for my attention span. It will buy my attention it will buy and pay for me to stay the course. Instead of saying I don't need to |
| 408 | 01:14:40 --> 01:14:47 | make money yet because I know if I do everything I'm doing right now and learn properly. I'm gonna make as much fucking money as I want to make. No one's gonna |
| 409 | 01:14:47 --> 01:14:55 | tell me how much money I can make. I'm gonna fucking make as much money as I want. I'm gonna walk in these fucking markets any given damn day and take what |
| 410 | 01:14:55 --> 01:15:02 | the fuck I want and go home and nobody's taking it from me. Not a fucker is gonna say anything online to change it? It can't discourage you it's the way it |
| 411 | 01:15:02 --> 01:15:18 | is. Fucking get used to a jack that's the that's the level. That sounds like arrogance. But it says bucking bone core confidence, Unshakable Confidence. And |
| 412 | 01:15:18 --> 01:15:27 | it seems like arrogance. And you sell something go fuck your bitch ass go up the fucking road and paying him or somebody else goes around here we don't fucking |
| 413 | 01:15:27 --> 01:15:41 | subscribe the bullshit Money Talks, bullshit walks if you ain't got it, don't come here. Don't come here. Because this is a really real bill, we only fucking |
| 414 | 01:15:41 --> 01:15:51 | have a population of people that fucking know what bullshit is and we avoid it. And you have to have that going forward. Everything that you're doing in your |
| 415 | 01:15:51 --> 01:16:00 | trading and your development, you got to filter bullshit filter, get get that shit away. Stop wasting my fucking time I got time for your shit. All these |
| 416 | 01:16:00 --> 01:16:10 | people taught me Oh, you're broke, you're broke, you're broke their fucking their clientele. Their fucking clientele are literally a vacuum of nobody coming |
| 417 | 01:16:10 --> 01:16:21 | out there and showing you anything. But they got a discount code for Labor Day. Going back to school fucking sale. They're doing more work trying to sell some |
| 418 | 01:16:21 --> 01:16:35 | bullshit than simply going out there and fucking trading. Yeah, think about it. I'm about to cross 100,000 I'll probably have it by tonight. subscribers on |
| 419 | 01:16:35 --> 01:16:51 | YouTube, which is fucking crazy. You guys really want them books, don't you? So 100,000 people, not one advertisement. Not one fucking advertisement. Why do you |
| 420 | 01:16:51 --> 01:16:58 | think they come here. They don't want to listen to me cuss and sound like a sailor. That's not what it is. Some of you probably do. But they come here |
| 421 | 01:16:58 --> 01:17:10 | because they see my stuff has changed people's financial lives. They come out. And they're being interviewed by companies. They're being interviewed by Prop |
| 422 | 01:17:10 --> 01:17:26 | firms or they're doing their own YouTube channels. And they're showing what they've done with it. And I'm so honored and proud of all of you. This need to |
| 423 | 01:17:26 --> 01:17:41 | be where they are. You need to squash that. Push it down. Because you don't know where your winner's circle is. You don't know what that is. And I guarantee you |
| 424 | 01:17:41 --> 01:17:52 | it's not even close to where it really is. It's going to be so far beyond what you think right now. You think if I can just get $100,000 Man, I could just get |
| 425 | 01:17:52 --> 01:18:04 | a six figure income and you're on set, you know, when you start doing it, it becomes like nothing. It feels like $2,000 $5,000 It feels like nothing. And |
| 426 | 01:18:04 --> 01:18:19 | when you make a quarter of a million dollars on $1,000 doesn't feel the same either. It's weird how you lose the sensitivity to money. And that, that this, |
| 427 | 01:18:19 --> 01:18:31 | that departure that the sent from the normal way of viewing money. When that happens for you, where that happens in your trading, and how much you're putting |
| 428 | 01:18:31 --> 01:18:39 | on a trade where you lose connection, the connectivity to your model and the respect of risk wherever that is and it's going to be uniquely different from |
| 429 | 01:18:39 --> 01:18:50 | all for all of you rather. That's the part that you need to pay attention to. Because if you can balance that you won't over leverage. You won't take a loss |
| 430 | 01:18:50 --> 01:18:58 | or a series of losing trades and go on Full Tilt. Blow your account trying to get it back real quick or get mad you'll stop just okay I don't need to do this. |
| 431 | 01:18:58 --> 01:19:05 | I'm done. You're not trying to pander to an online community watching you live stream you're not worried about keeping up with somebody else on Twitter and |
| 432 | 01:19:05 --> 01:19:13 | they're posted results with this little screenshot but you ain't seen them fucking trade nothing. I try to keep up with the people that do coursework and |
| 433 | 01:19:13 --> 01:19:26 | still make lots of money. Lots of fucking money selling coursework mentorships I've done it now. And I stopped who needs money? I'm just gonna ask you that |
| 434 | 01:19:26 --> 01:19:35 | right now. Who the fuck needs money? Because it ain't me. And I'm talking to you from my heart telling you exactly what it's going to take for you to win. How to |
| 435 | 01:19:35 --> 01:19:45 | be consistently a winner how to make money more money than you ever fucking dreamed of. But you're going to lose through the process and you can't let can't |
| 436 | 01:19:45 --> 01:19:55 | let these these thorns on the roads that you want to hold. You can't let that thorn prick hurt you where you want to throw the rose down. It's going to hurt |
| 437 | 01:19:55 --> 01:20:06 | sometimes you're going to grab and reach for trading Do you think as a rose? You're gonna grab that horn and you might bleed. But don't let go the rows just |
| 438 | 01:20:06 --> 01:20:19 | let go of the risk. Don't lose sight of the model that rose that thing that attracts your attention like a bee for the pollen sake. That's the model that |
| 439 | 01:20:19 --> 01:20:30 | your model. So in a lot of ways, I'm teaching you to wear rose petal colored glasses. Look at the market through the lens of your model. If you don't see |
| 440 | 01:20:30 --> 01:20:38 | your model, you don't fucking see shit to do anything you can't take any risk on. And I don't give a fuck who says otherwise? Oh, well, I took a trade ICTs |
| 441 | 01:20:38 --> 01:20:46 | guys that do this do that they didn't take a trade haha, they don't fucking know what you're doing. And the people talking that shit, I guarantee you they got |
| 442 | 01:20:46 --> 01:20:55 | little dick syndrome. They didn't make any fucking money. They're in Market Replay. They making shit. They're talking out their ass. Because they're in the |
| 443 | 01:20:55 --> 01:21:04 | stage of trying to convince themselves it's worthwhile for them to even try to continue learning how to trade. That's what social media is. Social media is a |
| 444 | 01:21:05 --> 01:21:15 | Petri dish for fucking mold. And these moldy s folks out here that are sitting around talking about other people. Instead of just doing whatever, whatever it |
| 445 | 01:21:15 --> 01:21:26 | is they supposed to be do. If they're good at trading, do good trading show that you'll make so much fucking I made like $30,000 a month in ad revenue. Who the |
| 446 | 01:21:26 --> 01:21:36 | fuck can't do that? If you're a good trader, do it. Do that on Twitter. Um, I'm sorry, on YouTube. Shit, you make a half million dollars a year easy. I |
| 447 | 01:21:36 --> 01:21:48 | guarantee and these fucking clients are talking about buy my shit. They ain't making $500,000 a year trading. And I'm stopping videos in November to where's |
| 448 | 01:21:48 --> 01:22:00 | my money gonna come from? Because that's yours fucking do and delivering pizzas. Take inventory folks, who's gonna be having coupon codes after November. Who's |
| 449 | 01:22:00 --> 01:22:13 | asking to join this and join that. And who has your best interest? I'm talking to you. With new monetization right here. My first availability to do this, I'm |
| 450 | 01:22:13 --> 01:22:23 | here talking to you. I want you to succeed. I want you to succeed, I want you to do well, I want you to do it properly, I want you to be reminded that it's going |
| 451 | 01:22:23 --> 01:22:35 | to feel like it's not the right way, not the right way for you when it is. It's the right way. Everything I'm telling you to do and what to avoid, just submit |
| 452 | 01:22:35 --> 01:22:50 | to it. I promise you, the results you're looking for are small compared to where you'll go. You have no idea how far you're going to reach how far you're going |
| 453 | 01:22:50 --> 01:22:59 | to go in this industry, how much in terms of success you're going to acquire by following a simple approach. And yes, my stuff looks at face value. It looks |
| 454 | 01:22:59 --> 01:23:00 | extremely complicated. |
| 455 | 01:23:02 --> 01:23:14 | But it's not. It's extremely precise. It's concise. It's succinct. It's exactly what you're looking for. But I have to remind you constantly that the required |
| 456 | 01:23:14 --> 01:23:25 | ingredient, there has to be the highest grade ingredient is you with the proper mindset and readiness to learn. If you don't bring that here, you put shit in |
| 457 | 01:23:25 --> 01:23:39 | you're gonna get shut out. And again, it doesn't sound audience friendly. It's off putting for people that are stuffy about themselves and think you owe me a |
| 458 | 01:23:39 --> 01:23:50 | better way of communication. I don't do a fucking thing. But if you want to learn how to make money, I can take you there you can put yourself in that |
| 459 | 01:23:50 --> 01:23:58 | neighborhood. And you'll be among other people that are they're not moving. Their property values are going up. Continue continuously and consistently |
| 460 | 01:23:58 --> 01:24:13 | profitable. Equity highs all the time every year gonna. But you can't move in that neighborhood. Just because you want to. When I was a younger man promises |
| 461 | 01:24:13 --> 01:24:27 | left nameless as well as a younger man. And just got my driver's license. I used to drive up into Harford County where I reside now and I've been I've been |
| 462 | 01:24:27 --> 01:24:40 | living here for a number of years but the idea of living up here is where I wanted to move to. And I got that because my grandmother had a nice home. The |
| 463 | 01:24:40 --> 01:24:55 | people that live in now haven't done so well. Maintaining it but the area always feel filled with fresh air and just country life. Like it's a different feeling |
| 464 | 01:24:55 --> 01:25:06 | versus growing up in Middle River Maryland. I want To be up here. And while my grandmother's house wasn't a mansion, it was a brick home, it was a four car |
| 465 | 01:25:06 --> 01:25:19 | garage underneath the actual house. And dad owned a gas pump in the back a lot of property for what we were used to seeing. And just a really nice gated front |
| 466 | 01:25:19 --> 01:25:29 | area with a fountain this shot colored balls of water. To me, it was a mansion. And being a little boy, noon watching that spending nine weekends and going up, |
| 467 | 01:25:29 --> 01:25:40 | I used to drive by all the time. And I said to myself, if I can ever get to become a computer programmer, which later became the goal of one of the systems |
| 468 | 01:25:40 --> 01:25:48 | analyst, which later became I want to be a profitable trader, which became, you know, I want to be an entrepreneur, and I want to do this, and I want to do |
| 469 | 01:25:48 --> 01:26:05 | that, and everything just kept evolving. But I'm here now. And I can be a whole lot more places and much more than this. But I'm where I'm comfortable. I'm |
| 470 | 01:26:05 --> 01:26:22 | exactly where I want to be. I want to be right where I am. I'm content. My wife's content. And you couldn't have asked me when I was younger? Is this what |
| 471 | 01:26:22 --> 01:26:38 | I be content with? I wouldn't have been able to say yeah, that's it. I didn't know. I didn't know what I didn't know. And right now, you want to make money. I |
| 472 | 01:26:38 --> 01:26:49 | understand that. I trade, and I want to make money. But I also know when I shouldn't also know when I should really push it. Because I know everything is |
| 473 | 01:26:49 --> 01:27:01 | in my favor and do some wild as shit. When the market just runs hundreds and hundreds of handles, I know when those things are going to occur. I know when |
| 474 | 01:27:01 --> 01:27:10 | the markets gonna be stagnant and more prone to me getting stuck in a market is not willing to move. So I'm not going to, I'm not going to trade with a lot of |
| 475 | 01:27:10 --> 01:27:23 | risk in that environment. You don't know that yet. In your development, in your stage of understanding and price action. You don't know that yet. But you'll |
| 476 | 01:27:23 --> 01:27:36 | have that into yours. And you'll know the best setups to take for you as the trader within that time frame of submitting to it. Anything anything less than |
| 477 | 01:27:36 --> 01:27:55 | anyone tells you anything less than that, I promise you, they are full of Grade A bull shit period. So anyway, felt really, really nice to be able to sit down |
| 478 | 01:27:55 --> 01:28:04 | and talk with you this morning. Had to vent a little bit, you can probably hear that in my tone. But I meant everything I said here today, I was sincere about |
| 479 | 01:28:04 --> 01:28:13 | it. Hopefully you got something from it. Hopefully it encourages you to stay the course to stay on the grind. Because what you're doing is the hardest thing in |
| 480 | 01:28:13 --> 01:28:24 | the world. And it's easy to talk yourself out of it. It's easy to ring the bell and tap out. It's easy to do that. It's really easy. But you won't be satisfied |
| 481 | 01:28:24 --> 01:28:34 | when you try to do it. You'll want to come back. So you might as well just stop wasting fucking time. roll your sleeves up. What did ICT say to do? What did ICT |
| 482 | 01:28:34 --> 01:28:43 | say not to do? These are parameters. These are rules. These are boundaries stay within to focus on what he tells me to study back test what the tell me the |
| 483 | 01:28:43 --> 01:28:54 | journal, what's the purpose of that you've been told many times. But you want it to be an instant transfer. And if you do it continuously, you will see the |
| 484 | 01:28:54 --> 01:29:01 | progress you will see by looking at price. Oh, I see that coming. And let's watch and see if it pans out. And if it does, then your confidence grows a |
| 485 | 01:29:01 --> 01:29:10 | little bit more. And you come become much more intimately attached to the model that you're pursuing. Whether it be silver bullet, the 2022 model, whatever it |
| 486 | 01:29:10 --> 01:29:26 | is. That moment, that moment when you are no longer smirking when it pans out. Okay, this is the ICT indicator, okay? If you're watching price, and you think |
| 487 | 01:29:26 --> 01:29:36 | it's gonna go to a specific level, whether it be an imbalance, or liquidity above or below a specific high or low and it goes there usually that's when I go |
| 488 | 01:29:36 --> 01:29:45 | like boom. Or I'll put a little smiley face as a as a tweet to y'all. That's me, prompting you to go into the chart and look at something specific at that time. |
| 489 | 01:29:45 --> 01:29:54 | may create an emotional stimuli at that moment. Otherwise, you would either not pay attention to it, it means nothing to you now because it's community. We all |
| 490 | 01:29:54 --> 01:30:04 | recognize it and we're like yeah, I thought it is it did it again. It did it again. Well When you start seeing these things happen that you anticipate, and |
| 491 | 01:30:04 --> 01:30:17 | you're not even smirking, the corners of your mouth are not even tugging in the slightest bit. You're devoid of emotion, that that moment right there, then |
| 492 | 01:30:17 --> 01:30:28 | you're ready for a live account trading. That's the indicator that tells you you've done it so many times. You're absolutely fucking bored by it. You're not |
| 493 | 01:30:28 --> 01:30:38 | You're not stirred to do some crazy leverage trade and show the results and claim it's real. You're not trying to get to the very next trade because this |
| 494 | 01:30:38 --> 01:30:49 | one did exactly what you thought was going to do. You're completely devoid of all emotion, you're not hurrying up looking for the next setup. That is the |
| 495 | 01:30:49 --> 01:31:03 | person with a proper mindset that knows their model that follows it anticipates it sees it tracks it through price action, and has absolutely zero fucks given |
| 496 | 01:31:04 --> 01:31:19 | about taking it immediately the next day. Or wishing they had it in real money. You are now dialed the fuck in. And nothing but yourself can take you out of |
| 497 | 01:31:19 --> 01:31:36 | that. Not one distraction, not one bullshit artist online, not one person competing to get your attention for cliques for future sales, or mentorship or |
| 498 | 01:31:36 --> 01:31:52 | communities bullshit. None of that will distract you. Because you have now found your place and bloom where you're planted. Don't try to take more from me and |
| 499 | 01:31:52 --> 01:32:08 | try to sprinkle it on. Stay with it with its most simplest format. If it works, use all the heavy lifting that's done by proper money management. 10 handles |
| 500 | 01:32:10 --> 01:32:26 | changes the whole trajectory of your life for NASDAQ 20 Fucking is amazing 30 It's just a matter of time you're a millionaire five handles starting as an SMP |
| 501 | 01:32:26 --> 01:32:43 | trader replaces your job 10 handles in that phenomenal 15 handles in that matter Tonya millionaire. It's math folks, that's all this is it's math. But you can't |
| 502 | 01:32:43 --> 01:33:00 | place in that algebra, Algebra expression. You in a unfavorable state of mind and make it work. It doesn't work. You'll Fuck it all. |
| 503 | 01:33:03 --> 01:33:16 | You're going to be the cog in the wheel that needs to be replaced. Everything else is ready to go. Everything else is state of the art. But you're coming in |
| 504 | 01:33:16 --> 01:33:34 | there, like an analog in something digital. And it doesn't plug in. So you have to upgrade. You have to allow yourself to get the hell out of the way. Refine |
| 505 | 01:33:34 --> 01:33:43 | yourself, remove all emotion, remove all psychological influence over what you're trying to make or what you're afraid of losing, and only focus on what |
| 506 | 01:33:43 --> 01:33:55 | price should be doing based on your model. And submit to that. And that is how you hold on to winning trades and not get caught out too soon. I should have did |
| 507 | 01:33:55 --> 01:34:01 | this you should because you don't know what you're doing. You don't know your model. And you're too emotional. You care too much about the open profits |
| 508 | 01:34:01 --> 01:34:13 | becoming less. I was up I was up $3,000 on that trade. And it came back in I just couldn't hold it anymore. I gotta get out 1800 And then what 9000 If I just |
| 509 | 01:34:13 --> 01:34:22 | want to hold if I just want to hold on to it. How do you fix that? I just talked about it. You have to know your model. What did you get into trade for? Has it |
| 510 | 01:34:22 --> 01:34:33 | been changed to something underlying the change in the market in that trade setup that causes you to abort it? If this if that has not happened? Why the |
| 511 | 01:34:33 --> 01:34:41 | fuck are you closing it? Why are you closing it? How did I teach you how to navigate that you're trying to learn how to be profitable you want to learn how |
| 512 | 01:34:41 --> 01:34:52 | to make money okay, great. You feel the tug of war inside you feel gotta get out I gotta get out. Take something off. But I can only have one I have only one |
| 513 | 01:34:52 --> 01:35:02 | account one contract on ICT then close it and be content with the idea that you're closing it and you're monitor the rest of the way, and you're going to |
| 514 | 01:35:02 --> 01:35:08 | stay with it live, you're not going to look at later on, you're gonna look at live. And you're going to condition yourself just like that. And over time, |
| 515 | 01:35:08 --> 01:35:17 | you'll hold it a little bit more, you'll hold it a little bit longer in that uncomfortable point. Just like repetitions with weights, just add another small |
| 516 | 01:35:17 --> 01:35:27 | plate, just add another repetition, despite it going down into negatives, your growth and muscle growth is not in the actual curling curling up with a bicep |
| 517 | 01:35:28 --> 01:35:37 | and dumbbell curls or barbell curls. It's the slow controlled descent, it's the resistance of seeing things go back to normal. See, you want to run away and go |
| 518 | 01:35:37 --> 01:35:44 | back to normal work in the fucking nine to five with Carl, see, that's normal for you, you your mind says go back to that go back, but you got to resist that |
| 519 | 01:35:44 --> 01:35:53 | shit. And when you do resist it, you're fucking going to grow. And it's going to come with growing pains. And don't think it's something that shouldn't be |
| 520 | 01:35:53 --> 01:36:04 | happening. It's normal, expected. Desire it want it because it's progress. Everybody else is going to be bitch laughing themselves and saying I gotta |
| 521 | 01:36:04 --> 01:36:12 | quick, I gotta get out of this is too hard. This guy talks too much, get the fuck out of here, go down the Romper Room fucking mentorship, and they'll teach |
| 522 | 01:36:12 --> 01:36:22 | you all kinds of nonsense. But you have stepped into an area here, where I'm not going to sugarcoat shit for you, I'm going to tell you exactly what it's going |
| 523 | 01:36:22 --> 01:36:30 | to be like, I've already warned you ahead of time, it's hard, it's going to fucking feel like you want to quit, but you stick your fucking heels in, and you |
| 524 | 01:36:30 --> 01:36:44 | dig them in. And you just say, bring it bitch. I'm not going anywhere. And experience will carry you wherever you want to go. But if you come in half |
| 525 | 01:36:44 --> 01:36:53 | assed, you know, it's to see if it works, if that's the mindset, if that's the mindset you come in with, you're the very person that's going to quit at the |
| 526 | 01:36:53 --> 01:37:07 | easiest time where just a little bit of adversity comes in, oh, this is fake. Really look around folks. Look around. It's undeniable. It fucking works, works |
| 527 | 01:37:07 --> 01:37:17 | real good. It's real profitable, makes real money. Not just to my hands, a lot of other people out there, in different walks of life, different countries. It's |
| 528 | 01:37:17 --> 01:37:30 | just something that you can't use as a crutch to say I can't do it. Or it doesn't work. Because that whole, the whole excuse now has been removed. And it |
| 529 | 01:37:30 --> 01:37:43 | takes a lot of discipline. It takes a lot of discipline to stick to this. Because the outcome is emotional. If you make money, that's an emotional |
| 530 | 01:37:43 --> 01:37:50 | feeling. If you're not used to making $1,000, in one day, you're not used to making $10,000 in a week, you're not used to making 50 grand inside of four |
| 531 | 01:37:50 --> 01:37:58 | weeks. If you're not used to making $200,000 in six weeks, I can imagine it would be very emotional for you. |
| 532 | 01:38:04 --> 01:38:22 | And when you lose $1 that's $1 that you just bought more doubt with. But $1 spent in doubt has a whole fucking lot more influence than making $1,000. When |
| 533 | 01:38:22 --> 01:38:33 | it's right, you'll spend more time caring about the fact that you'd lost that $1 than making the $1,000 in real money. Don't believe me? Wait till it happens for |
| 534 | 01:38:33 --> 01:38:43 | you. Nobody blows her account, when they make $1,000. When they have a model says they're done. They it's impossible for them to blow their account. But |
| 535 | 01:38:43 --> 01:38:54 | everybody that's trying to do something that they don't know very well. They go in, they anticipate the setup before it's really there. And it gives them before |
| 536 | 01:38:54 --> 01:39:04 | it should really be executed. And you think that I'm sorry, I did this now you care more about the improper execution and you lost sight of where price should |
| 537 | 01:39:04 --> 01:39:17 | be going and how it should behave. And you close the trade because can't handle pressure and you lose a little bit. That's that $1 spent purchasing doubt and |
| 538 | 01:39:17 --> 01:39:29 | then wasn't gonna do that little bitty loss. That little fucking paper cut that little prick on the thorn of that rose that you want to carry him drew some |
| 539 | 01:39:29 --> 01:39:39 | blood mean this pisses me off I gotta fix this. Let me get in here and do this and just got to get it back real quick and then do something else. Let's do |
| 540 | 01:39:39 --> 01:39:48 | something stupid, some something so trivial, is that that's exactly what blows your fucking account because it starts this whole chain reaction. You got to fix |
| 541 | 01:39:48 --> 01:40:02 | something that was not in a position that needs to be fixed. Nothing's broken. You just did something incorrectly. Stop. reassess everything. Wait How long is |
| 542 | 01:40:02 --> 01:40:07 | it gonna take for you to be profitable? How long is it going to take for you to make money trading? I don't know how long it's gonna take for you to fix that |
| 543 | 01:40:07 --> 01:40:17 | shit. Some of you right now might be smiling and shaking your head thinking, yep, he does fucking beg me right there. And the ones that aren't going to be |
| 544 | 01:40:17 --> 01:40:24 | surviving in this are the ones that are cringing and saying talked about something else. Talk about something else. Because I've just landed right on |
| 545 | 01:40:24 --> 01:40:35 | your ass. And you don't see it as a problem. You think that? You'll figure it out doing that same shit? Well, here's what you're gonna figure out. You're |
| 546 | 01:40:35 --> 01:40:43 | gonna figure it out that you did it wrong. You're gonna figure it out that you're undisciplined, you're on teachable, and you're stubborn. And you're gonna |
| 547 | 01:40:43 --> 01:40:57 | be fucking struggling forever until you fix that. It can be corrected. But you have to stop thinking like that. If a loss comes, except it, okay. Is there |
| 548 | 01:40:57 --> 01:41:08 | something for me to trade right now? If there is I have to trade with less leverage. Done? Simple. How hard is that? Two losing trades in one session? stop |
| 549 | 01:41:08 --> 01:41:22 | you. What's the session? Whatever it is, if it's in the same 24 hour period from midnight, New York to close a 5pm The next day in New York. That's your full |
| 550 | 01:41:22 --> 01:41:30 | thing. If you have two losing trades in that period, you do not you fucking cannot you are not given permission to take another fucking trade until midnight |
| 551 | 01:41:30 --> 01:41:41 | comes again. Pray tell how to fuck are you gonna blow your account? Are you gonna do that? You think about this stuff every single time you failed your |
| 552 | 01:41:41 --> 01:41:48 | combine, or you lost your funded account, or you blew your account you think about all the time after it happened? You think I could have? I could have been |
| 553 | 01:41:48 --> 01:41:55 | there if I just wanted to do this if I just want to start your fucking right. So how long did it take for you to make money trading? How long does it take for |
| 554 | 01:41:55 --> 01:42:02 | you to learn how to be consistently profitable? How long does it take for you to learn that lesson? How many times have I taught it? How many times I've talked |
| 555 | 01:42:02 --> 01:42:14 | about how many times I've bitched and preached on it, and still students get on Twitter and complain to me. Yeah, this blew my account today. All of the trades, |
| 556 | 01:42:14 --> 01:42:26 | that blew the account that day. That should never happen. They should have that should never happen. So what's the problem here? reckless abandonment, |
| 557 | 01:42:27 --> 01:42:39 | absolutely zero, money management? zero, zilch. It's fucking not present. So what's the problem with that person? They're impulsive. They're reckless. |
| 558 | 01:42:39 --> 01:42:50 | They're undisciplined, and they have no appreciation for risk and have no risk model. So you can have a trade model. But what's your risk model? How do you |
| 559 | 01:42:51 --> 01:42:59 | assess risk? How do you manage risk? How do you navigate a trade? When you move your stop loss? How do you manage open profits? If you feel the tug of war and |
| 560 | 01:42:59 --> 01:43:11 | sigh I've been I've been teaching all this stuff, folks. But it goes in one ear out the other for some of you. And when you send tweets to me, tell me. Yeah, I |
| 561 | 01:43:11 --> 01:43:24 | blew my account today. I lost control myself. I did stupid stuff. Right. So yes, that happened. I agree. You messed it up. But that's not your career. You got |
| 562 | 01:43:24 --> 01:43:35 | fired from your job as a trader with that account. You're never going to get another job. If you lost your job right now. Whatever the fuck it is. You're |
| 563 | 01:43:35 --> 01:43:42 | doing whatever that job is that you can't stand do it anyway, but you needed to eat. If you'd lost your job. You can say fuck it. I'm not gonna get another one. |
| 564 | 01:43:43 --> 01:43:55 | I'm not getting another job. Fuck that shit. I might lose that one too. I mean, I'm not gonna do that. No, of course not. an asshole. Things like that. You're |
| 565 | 01:43:55 --> 01:44:04 | gonna go out immediately. Putting resumes out there trying to find another job. You What are you doing? you're submitting to the process. Do you know that |
| 566 | 01:44:04 --> 01:44:12 | you're gonna have a fucking job? At the end of the month? No, but you're sticking to it, aren't you? Why? Because you fucking have to do it that way. |
| 567 | 01:44:12 --> 01:44:21 | Because that's the process though. Because they're don't come knocking on your door. Hey. Hey, Brian. Hey, are you there? Listen, buddy. Listen, I heard the |
| 568 | 01:44:21 --> 01:44:29 | bad news. You just gotta fucking can't. It's a sad, it's a sad situation. But I'm here to bring you good news. I'm here to give you another job. You ready? |
| 569 | 01:44:30 --> 01:44:38 | That's not how it works. But that's exactly the mindset you think that trading should be like, everybody owes you something. Everybody's gonna bend their |
| 570 | 01:44:38 --> 01:44:54 | fucking answer and say, Hey, give it to us. Come on, man. Park it up here. No. That's not how this works. It's war. And you will lose and you will bleed and |
| 571 | 01:44:54 --> 01:45:00 | you will feel regret and you'll have all those things they'd have to wrestle with. But when you go into this with a proper mind that if you've conditioned |
| 572 | 01:45:00 --> 01:45:14 | yourself to be a fucking homicidal psychopath, we have zero emotion, you're in here to take from everybody give nothing. But even the best guns, like even John |
| 573 | 01:45:14 --> 01:45:23 | Wick himself gets hit by cars more times than is realistic, but still, nonetheless, great cinematic enjoyment, but you're going to get hurt sometimes. |
| 574 | 01:45:25 --> 01:45:35 | What's the process, you have to stick to it, you got to stick to it, you got to be able to see the end result. If you can't see it, you won't stick with it. |
| 575 | 01:45:38 --> 01:45:52 | Everything is temporary, every little difficulty, every little thing that you think is a big mountain in your path right now. It's not. It's not. It's just |
| 576 | 01:45:52 --> 01:46:01 | time that you have to continuously do these things, then you'll see, oh, yeah, I can see these things forming before they happen. And seeing it happen in the |
| 577 | 01:46:01 --> 01:46:11 | chart. It's real time I'm watching it's going to be there. And then it does exactly what I was expecting to do. Their stages in this engagement that you |
| 578 | 01:46:11 --> 01:46:19 | have to submit to. And each one has its own unique little characteristics, that's going to make you feel much more empowered than you really are at that |
| 579 | 01:46:19 --> 01:46:30 | time. And overconfident. And that overconfidence is what rushes people into, I'm ready to do a funded account, combine and pass it on, I'm ready to get a funded |
| 580 | 01:46:30 --> 01:46:40 | account, I'm ready to put real money into an account and trade it when you're not. That's all I'm doing. When I say it's going to take you two years to get |
| 581 | 01:46:40 --> 01:46:51 | really good at this. Get good at it, meaning you can't be influenced, you know what you're looking for, you know exactly what you're looking for, you know how |
| 582 | 01:46:51 --> 01:46:57 | you're going to engage it, you're not going to be upset about if you have a losing trade, you're going to maybe try one more, but with less risk on. And if |
| 583 | 01:46:57 --> 01:47:02 | you take if you take a loss there, you're stopping, and you're going to go and do whatever you want to do the rest of the day, and you're not going to feel bad |
| 584 | 01:47:02 --> 01:47:09 | about you're not going to regret it. You don't beat yourself up about it. But you lose one little opportunity, but you take the trade. Or if you missed it, |
| 585 | 01:47:10 --> 01:47:17 | you're beating yourself up. You're bitching about on social media. You're arguing with your spouse, you're kicking a dog, you come to work with an |
| 586 | 01:47:17 --> 01:47:23 | attitude because you got to look at Carl's fucking mug. And you're sitting there thinking if I just would have had a real accountant did that trade that I was |
| 587 | 01:47:23 --> 01:47:33 | too afraid to even do with a demo account. What are you doing? You're feeding yourself toxic horseshit. That's what you've done. Everything I tell you not to |
| 588 | 01:47:33 --> 01:47:44 | do in these long winded fucking diatribes, I'm telling you don't do those things and who's doing it, you bluster and bitching about why you can't figure it out. |
| 589 | 01:47:45 --> 01:47:57 | I did all this stuff, folks, I did all these things to myself. And I literally caused the longest learning curve. That could have been one quarter of the time. |
| 590 | 01:48:02 --> 01:48:13 | Emotions, the real, the psychological effects on this stuff, it's real. I didn't hide it from you. I talk about all the time. And Mr. Douglas in his book isn't |
| 591 | 01:48:13 --> 01:48:26 | going to scratch the surface of what you're really gonna fuck and feel. And what you're going to want to do, and how it's going to cause you to be reckless. Who |
| 592 | 01:48:26 --> 01:48:39 | cares if I blow this account, I'll just pay the 50 bucks for a reset. Try that with a live account. Try that with a real $50,000 account. Try that with a real |
| 593 | 01:48:39 --> 01:48:53 | 100 or 150,000. Our account doesn't work like that, folks, you have to treat it like it's just like that. If you don't just wait around, you're submitting to a |
| 594 | 01:48:53 --> 01:49:08 | process. And the outcome is you will you'll blow it. It is a matter of time. Before he could be one of the pupils here, and listen to good advice, sound |
| 595 | 01:49:08 --> 01:49:22 | logic that works. That comes with real profits behind it with receipts, and not just my own other people from different walks of life that finally submitted to |
| 596 | 01:49:22 --> 01:49:34 | it. And every time if you ask them or hear them in an interview, they always say what they were doing in the beginning that was many times what I've told all of |
| 597 | 01:49:34 --> 01:49:44 | you not to do. And they spend more time doing the things they shouldn't be doing and less time doing the things I told him to do. And they're paying for doubt. |
| 598 | 01:49:46 --> 01:49:57 | Those dollar losses, those small little insignificant losses that you care more about because it's a little little nick, little paper cut. Your mind's not ready |
| 599 | 01:49:57 --> 01:50:07 | to be a trader. If you're worried about that kind of stuff, you'll never have the wherewithal to be in a trade no your offside, kill it. Regardless if you're |
| 600 | 01:50:07 --> 01:50:14 | in profit or loss and reverse the other way, that will never happen for you, if you're listening, if you care about every single losing trade, if you care about |
| 601 | 01:50:14 --> 01:50:25 | it, and you lose sleep over and you beat yourself about, here's No fucking way, you're gonna be off trade like that. But you want to trade like me. You're |
| 602 | 01:50:25 --> 01:50:36 | skipping over all kinds of things that need to be learned and thinking that you're going to be the exception, you are not the exception. And you need to be |
| 603 | 01:50:36 --> 01:50:48 | reminded today that it's normal for you to learn just like this. It's optimal for you to learn, just like this. There's no better place for your learning and |
| 604 | 01:50:48 --> 01:50:59 | development than how I'm putting you through it. This is exactly the best of the best. This is it. This is Top Gun level fucking shit, when you're done with me. |
| 605 | 01:51:01 --> 01:51:10 | You're a fucking ace fighter jet player, you're in there, you're able to do it. And every process will be ingrained in you, you're not going to stop and think |
| 606 | 01:51:10 --> 01:51:16 | what I should do it, you're just going to do it. You've been trained to do it. This is what you're supposed to be thinking, this is what you're not focusing |
| 607 | 01:51:16 --> 01:51:21 | on. You don't look at the fucking profit and loss on your fucking screen when you're trading. That should not be on your fucking account. That should not be |
| 608 | 01:51:21 --> 01:51:29 | on your fucking screen, you should not be watching that. If you're watching that you're watching the fluctuations of profit and loss and you're feeling oh, this |
| 609 | 01:51:29 --> 01:51:36 | is really good. If it could just go to 2000 Come on, come on, go do that. Just fucking looking at that you're not watching the fucking candles for watching |
| 610 | 01:51:36 --> 01:51:44 | delivery of price, you're watching the ticker of the up and down Profit Loss. That's it. That's all you're watching. And you don't make money looking at that. |
| 611 | 01:51:46 --> 01:51:59 | The only thing that does is causes you to be emotional. And had the influence of psychological impact of that number changing up or down against you. Take it off |
| 612 | 01:51:59 --> 01:52:08 | your fucking chart. Trade your trade without that shit there. Then when you're done, guess what that number is going to reflect what you did. Trust me, it's |
| 613 | 01:52:08 --> 01:52:17 | going to show you what the fuck you did. If you did everything right. Well, well done. If you didn't do it, right, it's going to be there. And it's still not |
| 614 | 01:52:17 --> 01:52:27 | good for you to have it on your chart while you're in a trade. Now I do that shit, because people want to see, they liked that. But when you watch the video, |
| 615 | 01:52:27 --> 01:52:33 | and you're just looking at that, and you didn't watch the price delivery of the candlesticks, as I'm watching the chart, and I'm managing my stop, if you're not |
| 616 | 01:52:33 --> 01:52:44 | doing that you're wasting your fucking time. Who gives a fuck what song I played. You've wasted your time watching that there's a right way to do this. |
| 617 | 01:52:45 --> 01:52:55 | And I'm teaching you in the long winded discussions, how not to waste your fucking time. And you can't say I'm doing it for ad revenue because I'm doing it |
| 618 | 01:52:55 --> 01:53:03 | here. D monetize. And I'm letting dozens of people out there take it and put it in their own fucking YouTube channel and monetize it. How much better do I have |
| 619 | 01:53:03 --> 01:53:18 | to make it plain that I want to see you succeed? I'm not making any fucking money off me talking to you. None. Not one fucking Penny. You're not gonna see |
| 620 | 01:53:18 --> 01:53:31 | anybody else out here doing that. They're too busy trying to fucking Hawk their bullshit. They need their money. They need that shit. I don't need it. So this |
| 621 | 01:53:31 --> 01:53:47 | is the end of today's discussion. I haven't eaten 19 hours or so. Almost 19 hours. So I'm really hungry. You probably heard my stomach talking to you. So, |
| 622 | 01:53:47 --> 01:53:56 | I'm gonna escape. I'm gonna wish you all a very pleasant day. And thank you again, as a reminder. I've not been able to obviously read everyone's tweet. I |
| 623 | 01:53:56 --> 01:54:07 | know it's a lot of them. But I did listen to kits, Twitter space where everybody that came in. That was very emotional and very appreciated. And my family is |
| 624 | 01:54:07 --> 01:54:17 | very thankful for all of you did that. And when Cody's in a better state where he can appreciate it and hear it and understand what he's hearing. I won't be |
| 625 | 01:54:17 --> 01:54:27 | playing it with him. I'll sit with it again as a second listening. So be safe. Have a good trading week. And just until I'll talk to you next time. Be safe |