046-ict-tw-spaces-2023-09-09-When-Adversity-Becomes-Your-Objectives-To-Overcome
Last modified by Drunk Monkey on 2023-09-26 13:08
Outline
00:35 - When adversity becomes your objectives.
- It is a good morning, and piper is probably going to hear piper in the background. There is no way around it.
- Today's discussion is when adversity becomes your objectives.
- The importance of having a dream and a goal of what it is that defines you as a profitable trader over time.
- How often james meditates and thinks about himself.
04:01 - Adversarial thinking and overcoming adversity.
- Adversarial thinking about the negative side and empowering it gives an energy constantly feeding it your attention and concern makes it formidable. At some point in your progression and learning and development, there will be a paradigm shift.
- You have to be flexible in your time scheduled goal.
- Successful people see adversities as mile markers or rungs on a ladder. In 1992, pete was afraid to get into a trade.
- People do things for one or two reasons.
- Trading is gambling, but investing is smart and a good stewardship, not gambling.
- Having a mindset about adversities, having multiple choices and having an arsenal of tools.
11:29 - The importance of overcoming adversities.
- Creating a concept that would give him confidence that he can navigate within a given market profile or roadmap of how it should behave or deliver would gain more confidence and decades later, he has 81 entry methods.
- His adversity initially was fear of getting in, so he treated it as an objective to overcome.
- Over this weekend, think about the adversities that you feel right now for yourself and list them in the order of greatest importance.
- Your adversities are your first objectives, not making money. They are the very rocks in your shoe that keep popping up.
17:11 - How to get into a trade.
- All of you mess up when trying to take the buffet approach to trading. No one had a plan on how to mitigate drawdown and grow it back.
- He overcame the fear of getting into a trade by having four or five ways to get into the trade.
- Those 81 ways can be used dozens of ways in and of themselves, which is why critics and assholes out there are jealous.
- Being a victim and becoming an apex predator.
22:04 - Focus on the things that you are fearful of.
- His mindset was looking at all the adversities that he was feeling at the time, thinking, this is going to be harder than he thought it would be.
- Focus on the things that you are fearful of, how many things are you fearful of in the rearview mirror.
- You need to stop out loud and say to yourself, these are incorrect time-wasting things. Focus on positive encouragement and see the things come into your hands in time.
- Every adversity is an objective for you to tackle. Put your targets right on it.
27:25 - How to pick the right Pdra.
- Pick one pdr, because ultimately, whether you learn all of them or not, your trading is going to hinge on one of them.
- How to trust the process and the process.
- Being the bob ross to you, quietly and calmly reminding you that everything you're doing will get the results you're looking for.
- What happens when you do far better than you thought.
- There's no excuse for you. You're not going to tell me a valid excuse that will solidify your failure. There's no more excuses, so there's no reason for you to be pussyfooting around.
- In trading, you don't want to be coping with anything. You want to replace negative characteristics.
34:05 - Adversities are always going to be there.
- Today is moving day. Pack your shit and get the fuck out of here. You're not formidable enough to stop me.
- Your mind is a battlefield, constantly at war.
- He lost because he put a stoploss in and went to an area where it was supposed to go, but it didn't work out.
- He wishes he could encapsulate his son.
- He's going up. He's going to arrive at every goal he's ever had, because the look on his face last night said it all.
- You're not a fucking servant.
40:24 - How many thinking events have you had this week?
- How many thinking events have you had this week that you worried about and stress about that never even happened.
- How to correct impulsiveness, especially impulsiveness.
- Some of you are literally talking about how you're going to take a 100 dollar account and turn it into an empire.
- You have to be properly funded and realistic.
- You have to identify how you think in the negative aspects. Don't hide from them, don't pretend they don't exist. You are what you think, and if you're fearful and doubtful about your ability to trade, what's going to manifest itself when you push the button?
- Treat everything like a child.
47:13 - The future self is a traitor.
- The future self is a traitor in a journal, and anyone who says journaling doesn't work is broke. They don't know how to trade consistently.
- Social media is a distraction.
- Tackling adversities and coming up with a way to overcome them will hold you hostage and captive in a mind held in captivity.
- ICT is constantly making money.
51:13 - How to get out of your own way.
- You have to cut it out in your personal life. You have friends and family members that are vampires, sucking the life out of you.
- You want to sit down with someone that you love and trust and share your excitement about the potential for you to live a different life.
- A target of opportunity is never wasted. If a target presents itself and invites you to dismantle it, you do it.
- A passive mindset that creates victimhood is inviting that every single day when you think that you're trying to steal attention and energy away from what it is
57:13 - Don’t be afraid of losing.
- Don't over leverage what you're afraid of losing. Don't use the lowest form of leverage. You want the sugar, the high and the dopamine.
- The selling point is not me dealing with a live account in front of you. Live streaming is live streaming.
- Being the flavor of the month and trying to be the greatest of all time is toxic to him.
- The longer he stays on social media, the more toxic he gets.
01:02:13 - How to deal with adversity.
- Adversity will still manifest itself in some way, shape or form. Don't take the gratuitous comments and worship that people will lay at your feet, and don't take that stuff and think too highly of yourself.
- All these adversities, whether it be in trading, personal life or relationships, you can't escape them.
- How journaling gives clarity and visibility of the seed things that you are supposed to be watching for. It gives you the visibility to identify the opportunity instead of seeing an opportunity.
- The importance of being selective in trading, because nobody can take you into their 40 day, 120 day, one week, one month course.
01:08:10 - How do you build discipline through pain and loss?
- Going through pain and loss and losing an account is the best teacher, but it comes with scar tissue.
- You don't want to get lucky. You want a rough beginning.
- Letting down his guard and letting his real self step forward and being vulnerable is good medicine.
- How to deal with fear, doubt and other people saying about you.
- When he wakes up and goes to bed, he doesn't worry about what he's got to do. He doesn't have to worry about his 401k or how his car payments are going to get paid.
- He provides a stage, and if he gives room for it, he's met with people.
01:14:57 - How to overcome the fear of losing money?
- How to prevent the fear of spending less than a million dollars to become a millionaire, and how to overcome fear of losing money.
- How to overcome fears of being wrong.
- Journaling, sweet talking and romanticizing how he did it incorrectly, but he learned something from it.
- How he became a new victim in his own hands, and how that affected him.
01:19:23 - What's next?
- What's he going to do next, and you probably are at that stage right now because you're brand new and you're scared.
- The 100 questions that are equivalent to the same ones that say right after I call move and it delivers what's next.
- Someone who just needs a nudge to go out there and impulsively trade when there is no setup. They want to see nasdaq 15,001 26, but it has to have a context that allows that set-up to be there.
- You want things that are going to be sustainable, sound logic.
01:25:20 - The importance of having confidence in trading.
- Nobody had the excuse to not do this, because this is what will happen. He was the poster child for blown accounts, feeling fearful and doubting himself.
- What he does on his weekends tells his future.
- Don't bother me for a couple of days because monday is coming again. Listen to some motherfucker telling you what you need to do and what not to do on a Saturday.
- Everything you do is a decision. Ask yourself how it will impact you today and the coming week.
01:30:28 - The importance of overcoming uncertainty.
- Overcoming trading is overcoming uncertainty. Every successful trader embraces uncertainty, but it is fearful that darkness on the hard right edge of the chart is uncharted territory.
- Why he brings adversity and adversities.
- Live a well-enrich life, not live a short life, and leave a legacy of wealth behind you.
- One person in the audience took something from this and was helpful to them.
Transcription
| 1 | 00:00:35 --> 00:00:50 | ICT: It is a good morning, delayed. But yet, it's still a good morning. So I'm sitting here, Puppy sitting. So you're probably going to hear Piper in the |
| 2 | 00:00:50 --> 00:01:01 | background. So just know that there's no way around it because if I walk outside of her site, she's gonna start typing and that'll be Morse scouted OB GYN |
| 3 | 00:01:01 --> 00:01:13 | school. So hello difficult to get in this Twitter space started, I'm not sure what was going on. I had to turn the phone off a few times to get started. So |
| 4 | 00:01:13 --> 00:01:25 | here we are now. So thank you for your patience. Today's discussion is when adversity becomes your objectives to overcome. That's a whole lot of word salad |
| 5 | 00:01:25 --> 00:01:46 | there. But basically, it's the process. We talk about trust the process. What process is that? A natural order of development, progress in learning modularly |
| 6 | 00:01:46 --> 00:02:00 | step by step here, they're a little bit more here. And not being in a rush to get to what you think right now is the end result. Because you don't know what |
| 7 | 00:02:00 --> 00:02:11 | that is yet. You don't know what it is for you. You have a dream, you have a goal of what it is it's going to be defining you as a profitable, successful, |
| 8 | 00:02:11 --> 00:02:13 | consistently profitable trader. |
| 9 | 00:02:19 --> 00:02:33 | Over time, you're going to see that this morphs and changes, and the goals that you have right now are too low. When I first started, my goal was to make $1,000 |
| 10 | 00:02:33 --> 00:02:47 | a month and retire when I was 40 years old. Just recently, you watched with a live account that was doing the equivalent of what was to be 15 months in less |
| 11 | 00:02:47 --> 00:02:59 | than five minutes. Not demo. That's not to brag it's not I'm not here to do that. But I'm just saying that what you have in mind right now for yourself. |
| 12 | 00:03:00 --> 00:03:16 | It's too small. But that is not an enticement for you to speed up and rush through the process. process of going through the motions of that testing, |
| 13 | 00:03:16 --> 00:03:26 | studying, doing lots of personal reflections. How often do you meditate on yourself and think about what it is that you've done? What do you think about? |
| 14 | 00:03:28 --> 00:03:35 | What does your mind gravitate to throughout the day? What's the last thoughts you have before you go to bed? What's the first thoughts you think of when you |
| 15 | 00:03:35 --> 00:03:46 | first wake up? Over time, you're going to start seeing those things change from worrisome What if I fail? What if it takes longer than I thought I was going to |
| 16 | 00:03:46 --> 00:03:59 | take? What if I lose this next tray? What if I blow my account? What if I draw down more than I'm comfortable with? What then all those types of thoughts? |
| 17 | 00:04:01 --> 00:04:03 | They're, they're adversarial. |
| 18 | 00:04:10 --> 00:04:25 | Thinking about the negative side, and empowering it, giving an energy, constantly feeding it, your attention and your concern makes it formidable. At |
| 19 | 00:04:25 --> 00:04:37 | some point in your progression, and learning and development, there's going to be a paradigm shift that takes place. It's going to be unique and at a different |
| 20 | 00:04:37 --> 00:04:48 | stage in time for all of you. But at some point, by doing the things I'm telling you to do and avoiding the things I'm telling you to avoid and the people that |
| 21 | 00:04:48 --> 00:05:02 | are toxic. You filter them out the things that are not empowering to you. The things that invite the negative would if they thinking, when you block all that |
| 22 | 00:05:02 --> 00:05:14 | stuff out, and you look at the present concerns that you have for yourself, what are the adversities that you see within yourself or down the road near term. |
| 23 | 00:05:16 --> 00:05:27 | Some of you are thinking, I might not learn this. By this specific time, I have this golden time that I want to be able to trade a silver bullet setup |
| 24 | 00:05:27 --> 00:05:40 | consistently a few times a week, I want to be able to consistently five, find five handles rather, an ES at least one session per day. There's nothing |
| 25 | 00:05:40 --> 00:05:55 | inherently wrong with placing a time scheduled goal. But you have to be flexible in that. And some of you don't really write that into your trading plan or your |
| 26 | 00:05:55 --> 00:06:09 | study. You've made up no allowance for it. It's finite, it's definitely got to be this time. And what you've done is if you created an adversity, that you will |
| 27 | 00:06:09 --> 00:06:21 | constantly refer back to every day, if you don't have a positive increase, you're going to feel like you're going to be overcome by that adversity. It's |
| 28 | 00:06:21 --> 00:06:34 | going to feel like it's a looming event on the horizon, that's going to undo you, overtake you prevent you from succeeding. And that feeds that would have |
| 29 | 00:06:34 --> 00:06:42 | thinking that would have toxic thinking that, you know, what if I don't really amount to anything in trading, what if I've looked at all these different |
| 30 | 00:06:42 --> 00:06:51 | approaches to trading and even outside of my stuff, and you just can't find it, what happens if you are in that category? While you're in that category, if you |
| 31 | 00:06:51 --> 00:07:05 | want to be in that category. That's the only way you end up there. Because if you stop you are there. You arrived at unsuccessful population increase by one. |
| 32 | 00:07:07 --> 00:07:18 | But that's a choice. That's a destination, you choose to pick a tenant and live there. You don't have to be there. But it's a temporary destination. Everybody |
| 33 | 00:07:18 --> 00:07:32 | goes through that, in the early stages, unsuccessful attempts. But the adversities that successful people see, they see them as mile markers, or rungs |
| 34 | 00:07:32 --> 00:07:46 | on a ladder. I'll give you an example. My concern when I first started in 1992, was I was afraid to get into a trade. It was so uncomfortable for me to get to |
| 35 | 00:07:46 --> 00:07:55 | the point where I would feel conviction enough to say, hey, this makes sense for me to to buy. Because I was only trying to be a permeable, I didn't understand |
| 36 | 00:07:55 --> 00:08:06 | shorting. And I was looking for any reason to be in an oversold condition where a market should go up. And in my mind in limited perspective ahead in infancy as |
| 37 | 00:08:06 --> 00:08:19 | a trader in very, very small amount of knowledge, like it was it was embarrassing to even think about trading with real money. But I tried it. But |
| 38 | 00:08:19 --> 00:08:31 | the fear of getting in was overwhelming. That fear of what if I do it wrong, what if I lose, I can't afford to lose this. Like this is money I borrowed |
| 39 | 00:08:31 --> 00:08:42 | against a credit card for Pete's sake. It's it's not smart to do those things. But I was being desperate. Because people do things for one or two reasons, |
| 40 | 00:08:42 --> 00:08:54 | inspiration and desperation and I was desperate to leave the mundane, the average. I didn't want to be that. Just like you don't want to be that. That's |
| 41 | 00:08:54 --> 00:09:01 | why you're trying to do this you want better than what you have right now. And that's not greed. There's no reason for you to be conflicted morally about that. |
| 42 | 00:09:03 --> 00:09:12 | For some of you that are spiritual and and you walk a spiritual life and you think that trading is is gambling, well, if you do reckless things, and it's |
| 43 | 00:09:12 --> 00:09:33 | gambling. But investing is smart. It's a good stewardship, investing, not gambling. Having a mindset about adversities Like for instance, mine was fear of |
| 44 | 00:09:33 --> 00:09:48 | getting into a move. How can I overcome this? Well, I had to have multiple choices. I needed to have an arsenal that I didn't have one way to do something |
| 45 | 00:09:48 --> 00:10:02 | and have it potentially be wrong. If you only have one technique, okay, let's think about like a martial art. You had one technique and you can only be |
| 46 | 00:10:02 --> 00:10:18 | successful in that combat. If you were able to correctly time and employ this technique. But if you were unsuccessful, and you are at risk of failing, does |
| 47 | 00:10:18 --> 00:10:32 | that sounds like a good strategy? No. So in my mind, because I'm obsessively compulsive, I needed to come up with a myriad of different ways to get in that |
| 48 | 00:10:32 --> 00:10:41 | way. If I understand the market, I understand the conditions that the markets presently trading in. Is it moving higher? Is it moving lower and consolidating, |
| 49 | 00:10:41 --> 00:10:52 | it's, it's gonna stay in a consolidation, but reach for stops and come back to the middle. We'll talk about that in the book, by the way. China sells book now. |
| 50 | 00:10:52 --> 00:11:03 | And this time, there's things that you'll see in that that I won't talk about anywhere else. But there's different ways to use what you're learning. And you |
| 51 | 00:11:03 --> 00:11:19 | need to have a tactic a technique, a weapon, a tool at your disposal, for that correct present tense in the market. There's a way to look at price in any given |
| 52 | 00:11:19 --> 00:11:28 | time and say, okay, a breaker is not appropriate right now, because we're trending is already done the work of what a breaker would be doing. So what are |
| 53 | 00:11:28 --> 00:11:39 | you looking for a breaker for? It's not applicable right now. So every time I would create a concept that would give me confidence that I can navigate price |
| 54 | 00:11:39 --> 00:11:56 | within a given market profile, or schematic or roadmap of how it should behave or deliver price would gain more confidence. And decades later, I'm here I'm |
| 55 | 00:11:56 --> 00:12:06 | talking to you now. And I have 81 entry methods. Now, for some of you, that sounds absolutely ludicrous. It's ridiculous. Nobody should need that. You're |
| 56 | 00:12:06 --> 00:12:20 | right. Nobody needed that. But me. I was wired this way to think this way. And I never looked at it as a problem, because it was overcoming adversities. My |
| 57 | 00:12:20 --> 00:12:35 | adversity initially was fear of getting in. So I took that adversity, and treated as an objective to overcome. Now it's laughable for me to even think |
| 58 | 00:12:35 --> 00:12:50 | about how it was when I was 1992. thinking, Man, I'm scared to get in, where do I buy? Where Where do I buy? I have AD one reasons that I can reach to, to get |
| 59 | 00:12:50 --> 00:13:04 | into a move, buying and selling pyramiding adding something to an existing trade. I do not fear getting into a trade. I don't fear missing a move. Because |
| 60 | 00:13:04 --> 00:13:14 | I did the work of not hiding my face, cowering away from adversities, pretending it onto this and putting blinders on saying, Well, you know, I got it right |
| 61 | 00:13:14 --> 00:13:24 | here, let's ignore where I got it wrong and never really tackled the real core issues, that root problems. I looked at it and honestly, with my foot outside, |
| 62 | 00:13:24 --> 00:13:36 | look, you know, I can't be sitting here watching moves take off without me, regretting it, and lying to myself inwardly that I could have got into that when |
| 63 | 00:13:36 --> 00:13:43 | I had no idea why I would have been buying at that point. In hindsight, in the beginning, when you're brand new, it tricks you into thinking that you could |
| 64 | 00:13:43 --> 00:13:54 | have got that if you just want to push the button, and that is self abuse. You're abusing yourself. When you do that. You're lying to yourself, when you do |
| 65 | 00:13:54 --> 00:14:00 | that. You don't have the experience, you don't have the skill set in the beginning. So why are you holding yourself up to the standards that you should |
| 66 | 00:14:00 --> 00:14:02 | have it by then you don't. |
| 67 | 00:14:03 --> 00:14:12 | And when I talk to you this way, a first time viewer or someone's got their head out there and as we'll see that I'm not trying to encourage you, I'm trying to |
| 68 | 00:14:12 --> 00:14:19 | talk down to you. And that's not the truth. I'm trying to tell you to think properly. I'm trying to realign your perspective. Because in the beginning, |
| 69 | 00:14:20 --> 00:14:27 | you're like a boat without a rudder. And wherever the wind carries you, that's where you'll be and chances are it's probably not a port of destination you want |
| 70 | 00:14:27 --> 00:14:39 | to dock at. So, over this weekend, I want you to think about what what are the adversities that you feel right now for yourself and I'm not saying post them in |
| 71 | 00:14:39 --> 00:14:48 | a tweet and then regret it later on because some asshole is gonna come out there and make funny. These are for your personal reflection. Your journal entry this |
| 72 | 00:14:48 --> 00:15:03 | weekend before the market opens on Sunday at 6pm. Eastern time before that occurs. I want you to have something in your Journal, it's honest, be honest |
| 73 | 00:15:03 --> 00:15:11 | with yourself. List the things it may not be a long list it for others, it may be a long list of things that you think are paramount issues right now that you |
| 74 | 00:15:11 --> 00:15:20 | see as adversities. These are the barriers, these are the blockers, these are the linebackers that are saying You shall not pass, you're not going to score |
| 75 | 00:15:20 --> 00:15:35 | today, not today. Whatever they are right now, list them. Once you list them, number them in the order of greatest importance, where you feel that they're |
| 76 | 00:15:36 --> 00:15:47 | debilitating to you that they are the very rocks in your shoe. That you just can't, you just can't go forward without having these painful things keep |
| 77 | 00:15:47 --> 00:15:58 | popping up. For me, mine was the fear of getting into a trade. The way I overcame that was I did most of my work on developing skill sets to help me |
| 78 | 00:15:58 --> 00:16:09 | identify times when I get in a trade and trusting it. How did I do that? Back testing, looking at old moves, what things kept reoccurring all the time, when |
| 79 | 00:16:09 --> 00:16:18 | they would do these specific things, and I was not looking at new fucking support and resistance. I was looking for patterns in price action. What were |
| 80 | 00:16:18 --> 00:16:28 | these things doing? Constantly? Constant, what was the thing that kept reoccurring over and over and over again, that books are hiding from me because |
| 81 | 00:16:28 --> 00:16:36 | that was the mindset I had, I have a very conspiratorial view on the world because we're in a simulation, whether you realize it or not. And everything |
| 82 | 00:16:36 --> 00:16:48 | you're being bombarded with outwardly is a lie. They're lying to you. The media is lying to you, educational institutions are lying to you. The people that work |
| 83 | 00:16:48 --> 00:16:55 | in the financial industry are lying to you. And they drink the Kool Aid and they think that they're given a title. So therefore, they go along with it. You |
| 84 | 00:16:55 --> 00:17:07 | should be respecting them because they're their pillars in the industry. They're clowns, some days, they're just not wearing their makeup. Your adversities are |
| 85 | 00:17:07 --> 00:17:18 | your first objectives, not making money. That's where all of you mess up. That's what I had to discover. Because I was trying to take every book that I could buy |
| 86 | 00:17:20 --> 00:17:35 | every VCR tape, some of you don't even know the hell that is. Everything that I was trying to instill in me in terms of knowledge was failing me. Because I was |
| 87 | 00:17:35 --> 00:17:45 | trying to take the buffet approach. Like what he said there, I mean, use that, oh, it makes sense to me right there. And we take that not listening to money |
| 88 | 00:17:45 --> 00:18:00 | management, not listening to how to prevent drawdown. They all say it's going to happen, just accept it. But nobody came up with a plan on how to alleviate the |
| 89 | 00:18:00 --> 00:18:15 | impact of it. And correctly, mitigate it. Grow it back. So my other barrier was, in my infancy, I didn't know what I was doing. I overcame the fear of getting |
| 90 | 00:18:15 --> 00:18:25 | into a trade. By having four or five things in beginning the first couple years, I had four or five ways of getting into a trade. They're obsolete to me, it's |
| 91 | 00:18:25 --> 00:18:34 | not even worth mentioning what they are. But I've already taught them in older tutorials, just using the swing lows and swing highs after three candles on a |
| 92 | 00:18:34 --> 00:18:44 | low where as a one candle, any timeframe. We'll just use it as a daily chart for a sake of discussion here. If you're looking at a market, any market, I don't |
| 93 | 00:18:44 --> 00:18:56 | give a shit what it is, if you have yesterday's low, and then today's low is lower, and in tomorrow's low is higher than yesterday, numbers are three days |
| 94 | 00:18:56 --> 00:19:08 | now there's a low with a higher low on both sides as a swing low. When I see that, and I'm expecting price to go higher. And if it's a Monday, Tuesday or |
| 95 | 00:19:08 --> 00:19:18 | Wednesday, the next day, you have a 70% chance that you're gonna get something that looks extremely bullish in the morning session. If you if you use something |
| 96 | 00:19:18 --> 00:19:27 | like a bullish breaker, the first down close candle after it impulse run, it comes back and touches that again, that's a good order block. The first fair |
| 97 | 00:19:27 --> 00:19:35 | value got that forms after that in the morning session if you use that you can belong there. And if you just did that you have a 70% strike rate there. But |
| 98 | 00:19:35 --> 00:19:45 | you're not going to wait for that setup. It's not every week. So you abandon it. So there's ways to take the things I've taught you. And there's criteria in the |
| 99 | 00:19:45 --> 00:19:55 | marketplace where it fits. Oh yeah, boom, there it is. What most of you are not understanding is I have 81 ways to get into a trade. But those 81 ways can be |
| 100 | 00:19:55 --> 00:20:04 | used dozens of ways in and of themselves. Which is why You see critics and assholes out there that are jealous. They'll say, this guy's got an excuse for |
| 101 | 00:20:04 --> 00:20:13 | everything he didn't into your fucking right I do. Because this is PhD level shit. It's technical science. We're not talking about retail technical analysis, |
| 102 | 00:20:13 --> 00:20:23 | I needed to know every fucking thing. I needed to know that because I obsessively worried about it. I don't obsess. obsess about nothing about |
| 103 | 00:20:23 --> 00:20:32 | worrying some things in the marketplace. I know when I shouldn't touch it. And I know when I should be all over that shit. touchy feely, like why don't rise up |
| 104 | 00:20:32 --> 00:20:43 | close and personal, intimate lover like, okay, that type of thing comes by obsession that later became passion. I was not passionate to beginning, I was |
| 105 | 00:20:43 --> 00:20:54 | obsessive. I needed to do these things, to make myself comfortable by doing something I was terrified of. In the beginning, I was scared to death of losing |
| 106 | 00:20:54 --> 00:21:09 | any money, because I couldn't afford to lose any bit of it. And when my first trade was instituted in an orange juice option, and I lost 50% of it $750 |
| 107 | 00:21:09 --> 00:21:19 | overnight waking up and it's less than you had in your account. That's traumatizing for me. Like I was a young guy didn't come from anything. And I |
| 108 | 00:21:19 --> 00:21:34 | really was baptized in the most appropriate manner possible. I was not rewarded. I was not rewarded for dumb shit. Stupidity should be painful. And it was. And I |
| 109 | 00:21:34 --> 00:21:43 | learned from that. I waited the rest of that year and do anything. I say that money I say, Okay, I need to know what the hell I did wrong, because somebody |
| 110 | 00:21:43 --> 00:21:56 | just took $700 out of me. Somebody took seven out of the books, I need to learn what they did. So I can do the same thing. I need a victim. And before I can |
| 111 | 00:21:56 --> 00:22:07 | become a victim for Brock and find the victim, I have to stop being a victim and become an apex predator. So my mindset was looking at all the adversities that I |
| 112 | 00:22:07 --> 00:22:15 | was feeling at the time, I might never get this. This is going to be harder than I thought it's going to take longer than I so you think I didn't have all those |
| 113 | 00:22:15 --> 00:22:24 | same thoughts you're feeling right now that you've been wrestling with for months. Maybe longer maybe for you before you even found me you were wrestling |
| 114 | 00:22:24 --> 00:22:31 | with this stuff. You've tried trading failed, put it down for a little while and you just keep coming back to it like a tongue goes to a piece of meat between |
| 115 | 00:22:31 --> 00:22:47 | your teeth. You are a trader. But you're just letting the gambler run the show. The way you put the gambler in the backseat is you focus on the things that you |
| 116 | 00:22:47 --> 00:22:57 | are fearful of. How many things are you fearful well that are in the rearview mirror of your fucking car? Not many. I mean a tailgater might be Yeah, but |
| 117 | 00:22:57 --> 00:23:03 | you're really not afraid of that fucker Are you that you're taking your break checking the bitch? You know exactly what the fuck you're doing is dangerous and |
| 118 | 00:23:03 --> 00:23:12 | it's reckless. And you're riding too close on my ass. You want to ride on my last day? Oh, you picked the right one bitch watch this, right? That's the only |
| 119 | 00:23:12 --> 00:23:20 | fear or concern you have in your rearview mirror. But everything in the windshield in front of you. You're concerned about all that stuff? Is there a |
| 120 | 00:23:20 --> 00:23:27 | child get ready to walk out in front of me? Is there people riding the bike? Is there a car parked on the side of the road? Is there a cop sitting down and it's |
| 121 | 00:23:27 --> 00:23:35 | got his trunk open? You know, damn, well, he's running radar, but he thinks that you can't understand that he's gonna do a speed trap. Everything that you're |
| 122 | 00:23:35 --> 00:23:45 | concerned about, justifiably? So? is in front of you. Just like your trading is right now. So where are your hazards? Where are you going to undo yourself? What |
| 123 | 00:23:45 --> 00:23:52 | are you going to be thinking about? That it's going to be problematic that you're gonna spend too much fucking time obsessively worrying about and not |
| 124 | 00:23:52 --> 00:23:53 | saying okay. |
| 125 | 00:23:56 --> 00:24:07 | It's okay for me to have concern about this. It's normal for you to be concerned about drawdown that would lead to a blown account. It's normal for you to feel |
| 126 | 00:24:08 --> 00:24:20 | apprehension. And less confident if your strike rate is very, very low. That's all normal things for you to be concerned about in the beginning, absolutely |
| 127 | 00:24:20 --> 00:24:31 | normal. There's nothing abnormal about that at all. It is absolutely incorrect of you to obsessively worry about those things. And all the energy and time that |
| 128 | 00:24:31 --> 00:24:39 | you put into that while you're at work while you're looking at price charts while you're paper trading demo trading, back testing, tape reading where you |
| 129 | 00:24:39 --> 00:24:51 | just watching price and getting a feel for the delivery. If you're finding your mind drift away too. I wish I would have I wish I wouldn't have you need to stop |
| 130 | 00:24:52 --> 00:25:03 | out loud say to yourself. These are incorrect. time wasting things I'm thinking about right now. My focus will Be on positive encouragement, I'm going to see |
| 131 | 00:25:03 --> 00:25:12 | the things come into my hands. In time, I am submitting to how much time it's going to take. I don't know what that is right now. And I don't need to know. |
| 132 | 00:25:12 --> 00:25:20 | Because everything I'm doing today right now is making me one, click one step closer to what it is, I'm trying to get to it. My dreams are far bigger, better |
| 133 | 00:25:21 --> 00:25:35 | and broader than I can see right now. Because my limited perspective holds me back. And I'm excited to see where I go. Fear can't live in that. Fear cannot |
| 134 | 00:25:35 --> 00:25:45 | reside in your mind at that time. When you speak that way. You're speaking against your adversities, you're treating them like a fucking doormat, you're |
| 135 | 00:25:45 --> 00:25:57 | showing up to their door and knocking. I'm here motherfucker. I'm not afraid. I'm coming in. And I'm setting up house for myself. Hear. You're not coming into |
| 136 | 00:25:57 --> 00:26:08 | my fucking world, making me stress out. I'm showing up at your doorstep. I'm going to overtake you. I'm not fearful of this thing. I'm not fearful of never |
| 137 | 00:26:08 --> 00:26:15 | getting where I want to be I know I'm getting there. I'm not stopping. So therefore I'm getting there. I might be delayed in my arrival. But I'm going to |
| 138 | 00:26:15 --> 00:26:35 | show the fuck up when I get there. Everything I'm doing today is one step closer to that goal. Every adversity is an objective for you to tackle. Put your |
| 139 | 00:26:35 --> 00:26:46 | targets right on it. And eventually that list that you have that are worrisome to you right now. There'll be knocking off like a hit list. No, that one's dead. |
| 140 | 00:26:47 --> 00:26:54 | This one has no power over me. This one has no influence over me. This was a joke, I don't even why even considered it. This right here is something that now |
| 141 | 00:26:54 --> 00:27:05 | I use as a confidence builder. So what are you doing, what you're doing is you're having a paradigm shift from picking things out, that are scary to you, |
| 142 | 00:27:05 --> 00:27:13 | the boogeyman syndrome, these are the things they're gonna get you, they're gonna hurt you, they're gonna take from you, they're gonna embarrass you, people |
| 143 | 00:27:13 --> 00:27:23 | are gonna laugh at you because you endured these things, and never could overcome them. And you never given thought to simply just what do I need to do |
| 144 | 00:27:23 --> 00:27:36 | to overcome this? Me I had had lots of different ways. In the beginning, I tell all of you to pick one pdra. Because ultimately, whether you learn all of them |
| 145 | 00:27:36 --> 00:27:46 | or not, your trading is going to hinge on predominantly one of them. That's just the way it is. I mean, human nature, that's just the way it is. It doesn't mean |
| 146 | 00:27:46 --> 00:28:00 | that you can't use the other PD arrays in your trades. But you're gonna you're gonna draw more action, more trades from one pdra one specific thing that I'm |
| 147 | 00:28:00 --> 00:28:09 | teaching you, you're going to gravitate to that more than anything else, because it's going to be like your paintbrush of choice like Bob Ross hit it several |
| 148 | 00:28:09 --> 00:28:20 | brushes there when he was painting. But most of the time, he used that fan brush, and that fine, personal one. And then he would use the big broad one when |
| 149 | 00:28:20 --> 00:28:34 | he had to add the, the shitness guy and spread it around. So most of the his show was three paint brushes. But he had a whole shitload of nexthome I think |
| 150 | 00:28:34 --> 00:28:45 | about that. He had a specific set of colors that he started with. He wasn't saying let me describe this one too. Now he had already in his mind. He had his |
| 151 | 00:28:45 --> 00:28:54 | model. He knew what he was looking for. He wanted that blank canvas to show what he had in his mind or with the picture what you didn't many times to the |
| 152 | 00:28:54 --> 00:29:05 | outside. He was actually painting a picture off camera. The whole time he's talking to you. He's teaching you how to trust the process. And you hear him he |
| 153 | 00:29:05 --> 00:29:17 | sounds like he's a fucking you know, funny brownies. You know? I mean, like he's, he's literally calm cool. Chill. What is fucking Afro sit, not bear hippie |
| 154 | 00:29:17 --> 00:29:24 | doubt. Look at all this. This is really I'm going to speak a little heavy tree right here. Oh, there's no mistakes. This is, you know, it's just, everything's |
| 155 | 00:29:24 --> 00:29:34 | great. Everything's nice. But everything they're getting starts with a certain number of colors. Nothing else but then. At the end, you're like, What the fuck? |
| 156 | 00:29:34 --> 00:29:44 | Where did this come from? The first few minutes of him painting on that canvas. Your mind is buzzing trying to figure out what is he doing? Like what the hell |
| 157 | 00:29:44 --> 00:29:56 | is that? That's where you're at in your trading right now. That's where you're at. And I'm trying to be the Bob Ross to you and quietly and calmly remind you |
| 158 | 00:29:56 --> 00:30:04 | that everything you're doing if you submit to the process, you We'll get the results that you're looking for. And everybody else when they look at you, in |
| 159 | 00:30:04 --> 00:30:12 | the beginning, you're gonna be thinking the same thing. What the hell is he doing? What is she doing? Listen, this guy, he's talking too much shit. Doesn't |
| 160 | 00:30:12 --> 00:30:21 | this guy trade with the demo? He's trying to teach people how to make money? Why are you listening to this guy? It won't make sense to other people. It won't |
| 161 | 00:30:21 --> 00:30:37 | feel comfortable for you. Because you want encouragement. A weak mind needs outward encouragement. You don't have a weak mind. You have a mind that is not |
| 162 | 00:30:37 --> 00:30:48 | experienced yet. So it's normal for you to doubt yourself. It's normal for you to feel like you don't have it all together? And what if, what if you can't do |
| 163 | 00:30:48 --> 00:30:58 | it? That's normal. That's normal thoughts. But just change the terms there? What if you do far fucking better than you ever thought you could? What happens if |
| 164 | 00:30:58 --> 00:31:07 | you get it sooner than you thought it was going to be? What happens when you can start doing things that you never could fucking afford? Or imagine you could |
| 165 | 00:31:07 --> 00:31:15 | have afforded? When you walk into a store, you're not looking at price tags. You don't give a shit what that receipt said, how much it just took out of your bank |
| 166 | 00:31:15 --> 00:31:26 | account? Because you know, Moore's coming in? What if you don't have those problems that you have right now? And they're replaced with things that do that |
| 167 | 00:31:26 --> 00:31:35 | are enriching to your life and other people that you know. That's how you should be doing this. You treat all of your adversities. Oh, actually, you don't know. |
| 168 | 00:31:36 --> 00:31:47 | I'm in a nation right now. And that's poor. I have made people in Africa fucking rich. Okay. Rich. There's no fucking excuse for you, you're not going to tell me |
| 169 | 00:31:47 --> 00:31:58 | a valid excuse that will absolutely solidify your failure and ain't going to happen. It did. There's no more excuses. So there's no reason for you to be |
| 170 | 00:31:58 --> 00:32:06 | pussyfooting around, saying, This is what I'm afraid of. So you know, I'm just gonna let it Lord over me. And I'm never gonna be successful and have a perfect |
| 171 | 00:32:06 --> 00:32:13 | excuse why I never got there. Because this bad thing that just keeps coming up in my mind, or this thing that I keep repeating over and over again, and never |
| 172 | 00:32:13 --> 00:32:25 | really made an effort to overcome it with proper replacement. That's not coping skills. coping skills are beneficial for things like anxiety. I've taught that. |
| 173 | 00:32:26 --> 00:32:36 | And they're, they're valid. But in trading, you don't want to be coping with anything. You want to replace negative, unsuccessful characteristics. You want |
| 174 | 00:32:36 --> 00:32:46 | to prune them, remove them, like a fucking cancer, cut them out of you. And yes, it hurts. Yes, after it happens. And you remove it from yourself. You don't feel |
| 175 | 00:32:46 --> 00:32:52 | like oh, did I do the right thing you're hurting, just like any other wound would be if you went to have surgery, have something surgically removed from |
| 176 | 00:32:52 --> 00:33:04 | your ass? That's normal. But some of you are thinking in that small little period of growing after the painful departure from doing these things and |
| 177 | 00:33:04 --> 00:33:13 | thinking this way. That's enough for me to not want to do it. I'm comfortable with this adversity. We're good friends. It's normal. I know my routine everyday |
| 178 | 00:33:13 --> 00:33:20 | I think about these things negatively all the time. It's normal for me to feel these constant doubts. |
| 179 | 00:33:22 --> 00:33:31 | I can't imagine a world where I'm not doing that. You don't realize it. But that's exactly what your subconscious is telling you. Don't make any changes. |
| 180 | 00:33:31 --> 00:33:38 | Because change is scary. It's probably gonna take a whole lot more effort to make these changes. And you've convinced yourself through self talk, either |
| 181 | 00:33:38 --> 00:33:47 | internally, or outwardly, that you either deserve what you're going through, putting yourself through, or why bother because it's probably gonna be a failure |
| 182 | 00:33:47 --> 00:34:00 | to to make an attempt to change it. So you hold and hug and embrace and have a relationship, a destructive, abusive relationship with these adversities instead |
| 183 | 00:34:00 --> 00:34:08 | of saying your cancerous motherfucker you got to go You can't live with me anymore. You got to go today's fucking moving day. Pack your shit. Get the fuck |
| 184 | 00:34:08 --> 00:34:14 | out of here. I'm not coping with you no more. You don't exist. You're not formidable enough to fucking stop me. You're not holding me fucking back. Get |
| 185 | 00:34:14 --> 00:34:33 | the fuck out of my fucking way. That's the mindset. Not just in trading and everything in everything. adversities are always going to be there and anything |
| 186 | 00:34:33 --> 00:34:51 | you do. How you deal with them, how you think about them, how you give them power and authority over you. That's the deciding factor. whether you succeed or |
| 187 | 00:34:51 --> 00:35:03 | fail and overcoming them, but you can't hide from them. You can't pretend they don't exist. You fucking identify them. point them out and say, your ass is out |
| 188 | 00:35:03 --> 00:35:16 | of here motherfucker. You don't get to stay here no more. You attack it. Your mind is a battlefield. It's constantly at war. As soon as you turn on a shard |
| 189 | 00:35:16 --> 00:35:31 | you have now stepped on the battlefield. Decisions should I or shouldn't I? How much? How much should I risk the day? How many trades am I going to take today? |
| 190 | 00:35:33 --> 00:35:43 | How am I points? Am I going to allow for a stoploss? Am I going to use a stop loss today? Every time I use a stop loss I get stopped out that feels |
| 191 | 00:35:43 --> 00:35:51 | uncomfortable. Well how about this be fucking thankful that you didn't you lose your entire account. Be thankful that that loss was limited to where your stop |
| 192 | 00:35:51 --> 00:36:00 | loss is. That's the right fucking mindset. But you're not thinking about it that way. You're not thinking about these assholes. They got me again. Oh, I did |
| 193 | 00:36:00 --> 00:36:08 | something stupid. I didn't wait for the fucking fair value gap. I tried to anticipate it and I tried to get an early dumb I lost because I put a stoploss |
| 194 | 00:36:08 --> 00:36:22 | in and went to an area where it was supposed to go but you're gonna live yourself and say Oh, this shit doesn't work. No, you aren't working. You're not |
| 195 | 00:36:22 --> 00:36:37 | doing the fucking work. You aren't doing that stuff. And this is hard work pruning bad shit off you it's hard to do that. Because you've become accustomed |
| 196 | 00:36:37 --> 00:36:47 | to having these negative excuses to lean on when you don't succeed. Because you want immediate gratification you want immediate success overnight success. Lambo |
| 197 | 00:36:47 --> 00:36:59 | lifestyle overnight guaranteed or your money back that's what the media has given you. These expectations that you need that to be successful or deemed |
| 198 | 00:36:59 --> 00:37:17 | successful. You don't I wish I could encapsulate I wish I want to took a picture of my son's face. I was talking to him. In front of Caleb last night I said How |
| 199 | 00:37:17 --> 00:37:31 | does it feel? How does it feel to see what you work all week? To earn at a coffee shop. Putting up with fucking ignorant fucking self entitlement pieces of |
| 200 | 00:37:31 --> 00:37:45 | shit. talking down to you thinking that you're subhuman. You're a fucking servant. That they can wait their fucking shoes on you like a doormat? How does |
| 201 | 00:37:45 --> 00:38:00 | it fucking feel to know that you did your whole week? And more a little bit more actually. In one day, using one contract. How's that feel? He goes, I'm wasting |
| 202 | 00:38:00 --> 00:38:14 | my time to I'm wasting my time doing this. And that's exactly the fucking target I was aiming for. That was the fucking target. I have been aiming for all year |
| 203 | 00:38:14 --> 00:38:26 | long with this boy. And I have been peacock and like a motherfucker around this fucking house. Floor on my ass in front of my wife saying yep, I can told you. I |
| 204 | 00:38:26 --> 00:38:35 | told you it would happen. I told you. I fucking told you and they saying it. He's going up. He's gonna fucking arrive at every fucking goal he's ever had |
| 205 | 00:38:35 --> 00:38:47 | because the look on his face last night. said it all. Fuck working. Fuck a fucking job. He's made the best ever decision to not go to college. It's exactly |
| 206 | 00:38:47 --> 00:38:53 | what I fucking wanted to do. Because a college education that might be great for some people. But guess what, if you're listening to me, you're not a fucking |
| 207 | 00:38:53 --> 00:39:02 | worker. You're not a fucking servant. You're not a fucking pissing you're somebody that's gonna go out there and grab it by the fucking throat Serato it's |
| 208 | 00:39:02 --> 00:39:11 | fucking Nast and drag it back home because it's yours. You fucking crooked. That's how it's supposed to be. That's exactly how it's supposed to be this |
| 209 | 00:39:11 --> 00:39:19 | world owes you. Fuck all. It doesn't owe you shit. You gotta go out there and take it by fucking force. And if you ain't paying attention, looking around, |
| 210 | 00:39:19 --> 00:39:28 | everybody, it's blind to this shit. They're trying to make it impossible for you to have your own fucking way in this world. They're trying to strangle it from |
| 211 | 00:39:28 --> 00:39:40 | every one of you. All of you need to pay attention. Because it's going to be crunch time here real fucking soon. You need to fix the shit that's broken in |
| 212 | 00:39:40 --> 00:39:49 | you identify it, don't hide from it. adversities are obstacles right now that are easily overcome when you identify them and put your fucking boot on the |
| 213 | 00:39:49 --> 00:39:58 | throat choked up talking life out of these things because adversities are an illusion. They're an illusion. That's all they are. These are things they're not |
| 214 | 00:39:58 --> 00:40:10 | even fucking tangible. The night there in your head. What if I fail? Where does Okay, describe what that looks like? What does it taste like? Does it have a |
| 215 | 00:40:10 --> 00:40:24 | smell? No, it's not real. It's a fucking emotional thought. Okay, it's your response to a negative fucking thinking of main many times never happening. How |
| 216 | 00:40:24 --> 00:40:33 | many would have thinking events? Have you had just this fucking week that you worried about you had anxiety about you stress about? That never even fucking |
| 217 | 00:40:33 --> 00:40:43 | happened? And all that time and energy you wasted and concern that you apply to that? How much better would you have been? If you have taken that? redirected it |
| 218 | 00:40:44 --> 00:40:55 | into something positive and saying, See, you're not effective anymore. You can't hold me back anymore. I'm afraid to lose ICT. I'm afraid that I'm going to take |
| 219 | 00:40:55 --> 00:41:09 | a loss. Okay, go out and lose. Go out there and lose in a manner where you can absorb it. Very, very small, very, very small, little paper cuts. And every time |
| 220 | 00:41:09 --> 00:41:21 | you have one, write down what you were expecting to see in the chart. how you felt. And at the end, how do you feel now that it happened? You're going to get |
| 221 | 00:41:21 --> 00:41:31 | to your root cause of what's causing you to take those trades and it's going to be many times impulsiveness. capitalist. It's impulsiveness. So how do you |
| 222 | 00:41:31 --> 00:41:40 | correct impulsiveness? You have a fucking plan with rules that says I can only trade at this time. If this appears in the chart, if it's not in the chart yet, |
| 223 | 00:41:40 --> 00:41:49 | I can't fucking touch the chart, I can't push the button. I can't do shit. I cannot risk more than a micro lot. Single micro lot. That's how you shouldn't be |
| 224 | 00:41:49 --> 00:41:57 | measuring your results right now, before you even start trading with a demo. Your mindset should be I'm only looking at the lowest denominator, the lowest |
| 225 | 00:41:57 --> 00:42:13 | thing I can make money on. That's the lowest amount of leverage. How many have you done that? Chances are probably not even 10% of you. You want to do fucking |
| 226 | 00:42:13 --> 00:42:29 | five contracts. I'm gonna say something right now. And it's probably going to offend some of you just understand what I'm saying. It's rooted in sincerity. |
| 227 | 00:42:30 --> 00:42:42 | Some of you are literally walking around talking about how you're going to take 100 Fucking dollar account and turn it into an empire. Do you understand that |
| 228 | 00:42:42 --> 00:42:54 | while you may be limited in your reach for finances right now, and 100 hours is something you can obtain and use and speculate on. I understand that. But you're |
| 229 | 00:42:54 --> 00:43:12 | placing such an Olympic fucking feet on something that's highly unlikely. And you're placing so much emphasis on you're gonna do it. And I look I'm all for |
| 230 | 00:43:12 --> 00:43:23 | confidence. Okay. I'm not trying to be, you know, hypocritical here cheerleading you and telling you listen to this, but you have to be properly funded. |
| 231 | 00:43:25 --> 00:43:39 | And you have to be realistic to can some of you can I take $100 account and turn it into whatever the fuck I want and give it enough time? Yes. But are you where |
| 232 | 00:43:39 --> 00:43:51 | you're at right now in your present development? Are you really equipped to do that? If you're not be honest with yourself, why would you try to do that? And |
| 233 | 00:43:51 --> 00:44:01 | when you fail, it's just going to be one more little thing for you to feel frustration over. Why would you want to do that? Because you're not, you're not |
| 234 | 00:44:01 --> 00:44:08 | going to feel empowered as a trader if you did it. Because if you're honest, you're gonna look back and say, Yeah, I was over leveraging there. I didn't |
| 235 | 00:44:08 --> 00:44:16 | trade with a stop loss. I took a lot of stupid things in thought they were trades because I was just trying to push, you're gambling. That's not trading, |
| 236 | 00:44:16 --> 00:44:23 | that's gambling. You're doing a scratch off mentality. You when you go to a store where they sell lottery tickets, and you take it and you scratch it off |
| 237 | 00:44:23 --> 00:44:32 | with whatever you're scratching off. And there it is. If you win, there's no skill involved. There's zero skill in that. It's, it's real random shit right |
| 238 | 00:44:32 --> 00:44:48 | there. Everything I'm talking to you and teaching you with has nothing to do with randomness. You have to identify how you think. In the negative aspects. |
| 239 | 00:44:49 --> 00:44:59 | Don't hide from them. Don't pretend they don't exist. Don't pretend that you know well that's not really something to be worried about. It is because you are |
| 240 | 00:44:59 --> 00:45:10 | what you Think if you're fearful and doubtful about your ability to trade guess what's gonna manifest itself when you push the button? That's us in the driver's |
| 241 | 00:45:10 --> 00:45:19 | seat. So why are you fucking surprised when you have the results that you're getting? Why is that a mystery? Why are you tweeting to me? What's wrong with |
| 242 | 00:45:19 --> 00:45:29 | me? Why aren't you asking that of yourself in your journal and doing personal reflections where no one can judge you? I don't know what you're thinking. I |
| 243 | 00:45:29 --> 00:45:41 | can't fix that for you. You have to identify these trigger things that happen in you. And be honest, it might be embarrassing. If you were to say it out loud in |
| 244 | 00:45:41 --> 00:45:49 | front of other people, but it should not be embarrassing for you to record it in your journal. That's your safe place. That's the thing. That's your fortress of |
| 245 | 00:45:49 --> 00:46:00 | solitude. Not a motherfucker can touch you there. No one can ridicule you, no one can make fun of you. No one can hurt your feelings. That's the monster |
| 246 | 00:46:00 --> 00:46:15 | laboratory. You're building a fucking monster in the pages of that journal. You have to feed it. It needs to be fed. And grow grows on eating and devouring |
| 247 | 00:46:15 --> 00:46:29 | negative fucking shit. chopping it the fuck down and grinding into bits. And then you hear dessert. Self love. I'm so thankful that I've been doing this |
| 248 | 00:46:29 --> 00:46:39 | skill set or this. The approach to studying, I'm seeing the fruits of it. You feed that journal that and then you read it you don't write into never look at |
| 249 | 00:46:39 --> 00:46:53 | it again. You have to treat everything. Like you're nurturing a child. Because in you if you're brand new, that trader is still a baby. Are you going to feed a |
| 250 | 00:46:53 --> 00:47:05 | baby, if you gave birth to a child? Are you going to give it everything that's harmful to it? You're going to feed its mind with stupid shit on TV. Letting it |
| 251 | 00:47:05 --> 00:47:16 | shape its mind in opinions about things now, you're going to try to nurture it, shield it from bullshit. protected, guarded. That's exactly what you're doing |
| 252 | 00:47:16 --> 00:47:25 | with the future self as a traitor in a journal. And anybody any fucking clown joke asshat that says journaling doesn't work. I guarantee you, I fucking |
| 253 | 00:47:25 --> 00:47:33 | promise you. They're broke. They're fucking broke. They don't know how to fucking trade consistently. They can't trade their fucking way of a wet paper |
| 254 | 00:47:33 --> 00:47:42 | bag. But they're going to give you advice. They're miserable people, they have never overcome their own problems. So they use social media, like a sharp stick |
| 255 | 00:47:42 --> 00:47:49 | and go around poke everybody else because it's distraction from their own misery. If you got time to go on the internet, and talk about everybody else, |
| 256 | 00:47:50 --> 00:48:00 | your life fucking must really fucking suck. The most active fucking people out that are hateful. They are the brokest and morally inept pieces of shit that's |
| 257 | 00:48:00 --> 00:48:13 | ever existed. But yet, social media, people will listen to that. Because it's a distraction again, of their own pain. thing. Nobody say anything about me that I |
| 258 | 00:48:13 --> 00:48:22 | fucking feel regret about. I ain't losing any sleep. It's all fucking laughable comedy, comedy to me. And I know that I own them. If they're talking, if they're |
| 259 | 00:48:22 --> 00:48:34 | talking shit about me, I own them. They're bringing traffic to my fucking channel. And I'm bringing receipts, I'm producing fruit and all of you |
| 260 | 00:48:40 --> 00:48:52 | if you don't tackle your adversities, if you don't single them out, and come up with a way where you're going to overcome them. They will hold you hostage and |
| 261 | 00:48:52 --> 00:49:09 | captive, in a mind held in captivity is never allowed to be creative. It's never going to be progressive. Innovative. Why bother? I'm going to feel anyway, |
| 262 | 00:49:09 --> 00:49:19 | right? That's what it does. Because that's what it thinks and feels in his fed all the time. If you feed your mind and your subconscious negativity all the |
| 263 | 00:49:19 --> 00:49:30 | time or doubt or self doubt. That's exactly how you're going to live every day of your life. And that is a horrible existence. And I lived that for a long |
| 264 | 00:49:30 --> 00:49:50 | time. I lived in fear and anxiety and agoraphobia. You don't want that. I would have rather had my limbs cut off. Didn't go back through that again. Your mind |
| 265 | 00:49:50 --> 00:50:06 | is extremely powerful. Way more powerful than you think. You don't use it properly. and you feed it toxicity. And you wonder why you don't have any |
| 266 | 00:50:06 --> 00:50:14 | energy. You wonder why you don't have any creative thoughts. You don't have any self worth or value. Because that's what you've been feeding it the contrary, |
| 267 | 00:50:15 --> 00:50:27 | you keep telling yourself, you're not gonna be able to do it I'm gonna fail, why bother? This stuff never works. I'm tired. I'm tired of seeing ICT constantly |
| 268 | 00:50:27 --> 00:50:37 | making money. And I don't understand this, dude. That's an account on Twitter, I've already muted. They can read me, they can see my stuff. But I've muted that |
| 269 | 00:50:37 --> 00:50:40 | person. You know who I'm talking about. And if you do, don't troll them. |
| 270 | 00:50:46 --> 00:50:57 | But if you're not going to listen to good advice, and stop talking outwardly, in a negative tense, speaking negative about yourself, constantly measuring |
| 271 | 00:50:57 --> 00:51:14 | yourself against everybody else's results. I'm tired of ICT but helping you keeping you out of your own way. That's an account that I'll meet. Because |
| 272 | 00:51:14 --> 00:51:26 | that's a mindset. I can't fix him to see that shit. I just cut it out. It's cancer to me, I cut it the fuck out. You have to do that in your personal life. |
| 273 | 00:51:26 --> 00:51:36 | You have friends and family members that are just like that they're vampires are sucking the fucking life out of you. You want so badly to be able to sit down |
| 274 | 00:51:36 --> 00:51:43 | and tell them? Look, man, I'm so passionate and excited about what I'm going to do. Check this out. Because you want to share your excitement about the |
| 275 | 00:51:43 --> 00:51:53 | potential for you to live a different life doing this that you didn't just get gifted it. It's a skill set you have to work for. Yeah, I taught you for fucking |
| 276 | 00:51:53 --> 00:52:01 | free, but you still got to do the fucking work. And you're passionate about that. You're excited, you're optimistic, and you want it to simply sit down with |
| 277 | 00:52:01 --> 00:52:08 | somebody that you love and you trust and you had a relationship with a long time with and you want them to look at you and say, You know what? That's fucking |
| 278 | 00:52:08 --> 00:52:16 | amazing. I can't wait to see you do it. And if you do well, can you help me that's what you want to hear from them. And guess what they do? In fact that I |
| 279 | 00:52:16 --> 00:52:23 | know that sounds fucking stupid. But that's gonna fail. Oh man, you're watching. If they don't do it to your face, they're gonna say it to their fucking friends |
| 280 | 00:52:23 --> 00:52:33 | that you share friendship with. I had friends on both sides of the coin. They said I wasn't gonna be able to. And others that didn't say to my face, but said |
| 281 | 00:52:33 --> 00:52:47 | it to others. And they're all fucking working today. low paying jobs in homes that are not all that great in neighborhoods that are all not that well. And |
| 282 | 00:52:47 --> 00:52:57 | they look horrible. They look like life is this ran into a meat grinder. Because they held on to that type of thinking. Every time somebody sees me, they're |
| 283 | 00:52:57 --> 00:53:05 | like, there's no way you're fucking 51 years old. That's great. Thank you. I don't see out in the fucking sun. And I'll try to dry myself out like a fucking |
| 284 | 00:53:05 --> 00:53:20 | reason. I eat well, I exercise. And I live a life that is. In my mind, I'm trying to be empowering to not only myself, my family, but all of you. I try to |
| 285 | 00:53:20 --> 00:53:27 | live a positive life. I try to be optimistic and everything. And I try to filter out negativity all the time. |
| 286 | 00:53:33 --> 00:53:46 | I have friends that are younger than me. Because of the life choices they make and how they think they've been accused of being my father. Think about that. |
| 287 | 00:53:48 --> 00:54:00 | One of them is one year younger than me. That's shocking. You wonder where I get all this energy from how you able to do just four hours sleep twice a day, and a |
| 288 | 00:54:00 --> 00:54:10 | cat nap here and there. Because I ain't got fucking time for negative shit. I ain't got time for it. I got shit to do things that build things the fucking get |
| 289 | 00:54:10 --> 00:54:21 | done. People do inspire and encourage and empower. And I got to hit the fucking supercharger here coming into November, because things are gonna get harder. And |
| 290 | 00:54:21 --> 00:54:32 | even though I have lots of money and a skill set that makes me able to get more money. It doesn't change the fact that I'm going to have to guard my mind. In |
| 291 | 00:54:32 --> 00:54:41 | social media will be a vampire if I give it the power and time, which I'm not going to. I'm going to have enough on my plate, constantly encouraging my |
| 292 | 00:54:41 --> 00:54:54 | family, constantly encouraging my close friendships, guarding them, keeping them on the right way of handling themselves and maybe even carrying some of them. So |
| 293 | 00:54:54 --> 00:55:02 | when I talk to you and I'm teaching you these ways of thinking it's not just an entertaining being listened to, or maybe boring the fucking socks off for you |
| 294 | 00:55:07 --> 00:55:23 | it's to change the way you think. adversities are obstacles, right now that you are viewing as a barrier or a roadblock. Nope, that's an area of opportunity. |
| 295 | 00:55:25 --> 00:55:42 | That's a target of opportunities. What that is do use as a military expression. A target of opportunity is never wasted. I guess it is wasted that way. But it's |
| 296 | 00:55:42 --> 00:55:56 | always blown to fucking bits. If a target presents itself and invites you to dismantle it, you do it. So your brain is saying, this is something that we need |
| 297 | 00:55:56 --> 00:56:10 | to engage. This is a threat. But you have talked yourself into thinking it might be a threat. And I agree with you, it's a threat, but it's too much for me. So |
| 298 | 00:56:10 --> 00:56:20 | I'm going to just let it bully me and give it my lunch money. And we'll call it a day. And there it is, I'll live to fight another day. That's a passive mindset |
| 299 | 00:56:20 --> 00:56:36 | that literally creates victimhood, that you've done to yourself. You're inviting that every single day, when you think that way, versus being Oh, you're trying |
| 300 | 00:56:36 --> 00:56:42 | to steal my attention, you're trying to divert my attention and energy away from what it is I should be focusing on that it's going to empower me and my family, |
| 301 | 00:56:42 --> 00:56:53 | and clewd myself in the ranks of those that are considered successful, you're doing that right now. You have to be fucking terminated. That's it. There's no |
| 302 | 00:56:53 --> 00:57:00 | other fucking recourse for you. You have to be dismantled and terminated, you don't reside here anymore. You're not in my thoughts anymore. You're not in my |
| 303 | 00:57:00 --> 00:57:11 | fucking concerns, you're getting wasted. And I'm going to overpower you with things that I'm going to defeat you. And I won't refer back to you as a fearful |
| 304 | 00:57:11 --> 00:57:24 | concern anymore. I'm afraid of losing, don't over leverage. What you're afraid of losing because you are afraid that you're gonna lose a lot of money. If |
| 305 | 00:57:24 --> 00:57:40 | you're using the lowest form of leverage. Why are you afraid of that? I don't use the lowest form of leverage. Hello. That was fucking easy, wasn't it? But |
| 306 | 00:57:40 --> 00:57:49 | you want to hold on to, but I really want to trade 15 contracts. I've seen it. I've seen guys on there. They do 15 contracts, and they've made money but you're |
| 307 | 00:57:49 --> 00:58:06 | not seeing them press the reset button or you see, you want to cherry pick what you take in as but they showed me this. But they didn't show you that. You want |
| 308 | 00:58:06 --> 00:58:17 | the sugar. You want the high? You want the dopamine? And you won't allow for any doubts that come in to the things that you see other people maybe even me |
| 309 | 00:58:17 --> 00:58:31 | influencing you. I see T $2 per point. Wow, look at that. Five minutes. 15,000 hours. I want to treat like that. Why? That's not the thought process I wanted |
| 310 | 00:58:31 --> 00:58:42 | you to have that is not what the fuck I put that video up on YouTube for that's not why I did that. Someone sincerely asked in the comment section I get all the |
| 311 | 00:58:42 --> 00:58:49 | time people saying can you do it in a live account? Can you do this? Can you do that? You fucking fake this that thing you demonstrator people in the comment |
| 312 | 00:58:49 --> 00:59:01 | section still, you're still demonstrating? When's the last time you saw a demo trade? I'm not doing it. But that person asked respectively, can you show me not |
| 313 | 00:59:01 --> 00:59:10 | there's no hate here, though, that was framed properly. That was properly framed, framed in a way where I wasn't offended by that. But it's tiresome, |
| 314 | 00:59:10 --> 00:59:20 | constantly seeing people ask for something that I've already done. If you just simply watch the videos, they're there. I did trade in front of people in the |
| 315 | 00:59:20 --> 00:59:33 | Livestream. I called exactly what was gonna happen and it did perfectly to the fucking tick. But I'm obligated to you. I don't have to do those things. The |
| 316 | 00:59:33 --> 00:59:43 | selling point is not me dealing with a live account in front of you. That's live streaming. While live trading. I never thought I was gonna do that. Look, people |
| 317 | 00:59:43 --> 00:59:52 | do with my stuff now. You don't think that there's going to be jokers out there sitting there thinking, man, if he could just do this live, I would copy him and |
| 318 | 00:59:52 --> 01:00:06 | run a telegram or discord channel and just literally repeat whatever he's doing. And he would look so smart. I won't give that I will not give that I am a very, |
| 319 | 01:00:07 --> 01:00:24 | very jealous fucking guru. Because I already seen 30 New Years ago on America Online. It started then people trying to be me. Now, because I'm the flavor of |
| 320 | 01:00:24 --> 01:00:39 | the month and hopefully it'll diminish when I stopped being so active. So I also be emulated in and sought after and I can't wait to see who it is all that's |
| 321 | 01:00:39 --> 01:00:51 | toxic to so my way of defeating that stuff that which is an issue for me. And adversity for me is dealing with what all of you try to do with me, the goat the |
| 322 | 01:00:51 --> 01:01:03 | greatest of all time, you know, fuck that. I don't like that. And some of you still don't want to listen in and it offends me. So that's a problem for me. The |
| 323 | 01:01:03 --> 01:01:12 | longer I stay on social media seems like I'm fanning the flames for that to be done. I don't want you to do that. So an adversity to me is the toxic feelings I |
| 324 | 01:01:12 --> 01:01:23 | have towards other people that are fucking stupid. They're asking for evidence that already given copious amounts of I got more students on YouTube doing what |
| 325 | 01:01:23 --> 01:01:33 | I've taught than any other form of trading out there. And these individuals push a button show you executions you're among that rank of people right now you are |
| 326 | 01:01:33 --> 01:01:46 | in history where you're literally watching a transition from normal retail thought toe to toe just you would make us on paper. You're gonna be you're gonna |
| 327 | 01:01:46 --> 01:01:51 | be heard woman. Yes, I am woman hear me roar. Got to get all the attention. |
| 328 | 01:01:56 --> 01:02:09 | But when you find success, and you will give it enough time, it'll you'll get there. But you now will take these, I guess, outward opinions, other people are |
| 329 | 01:02:09 --> 01:02:22 | going to happen to you. And you're going to let that sometimes mold you into an egomaniac. But on second |
| 330 | 01:02:41 --> 01:02:52 | tell my wife, she'll slip through there may have iron fence around her toy area, and she's still smiling at the walk through it. So she's not watching her, |
| 331 | 01:02:52 --> 01:03:06 | she'll just creep out and do a escape pipe or the Houdini escape artist. But when you find success, it's important that you don't take the gratuitous |
| 332 | 01:03:06 --> 01:03:20 | comments and worship that people will lay at your feet. Don't take that stuff. And think too highly of yourself. It's important to stay humble, it's important |
| 333 | 01:03:20 --> 01:03:31 | to stay grounded, it's important to not think too highly of yourself because adversity will still manifest itself in some way, shape, or form. And then what |
| 334 | 01:03:31 --> 01:03:45 | you'll do is you'll start to lean on worship by other people. Wow, hear the good. Wow, you're the greatest I've ever done it. You're the best. There's no |
| 335 | 01:03:45 --> 01:04:03 | one like you. What are you doing? You're looking for outward. Attention, confirmation, and worship. And that is going to be used as a crutch mentally and |
| 336 | 01:04:03 --> 01:04:16 | emotionally when other forms of adversity are going to creep in. For me, I'm 51 years old. My body's talking to me. I can I can feel how my body is changing |
| 337 | 01:04:16 --> 01:04:28 | inside I can feel my back hurts me a whole lot worse now than it ever has. And I think to myself what it's going to feel like when I'm 60 What's it gonna feel |
| 338 | 01:04:28 --> 01:04:39 | like if I'm in my 80s? If the Lord gives me that much time? How much more painful is it going to be? So I have to take those thoughts and seize them by |
| 339 | 01:04:39 --> 01:04:48 | their throats and say well, I'm just going to take better care of myself. I'm not going to do such a heavy weight. I'm not going to do so much exertion I'm |
| 340 | 01:04:48 --> 01:05:04 | going to do a lot more resting and let my body heal and focus more on inflammation and how to mitigate that So all these adversities, whether it be in |
| 341 | 01:05:04 --> 01:05:12 | trading, whether it be in your personal life, whether it be in your relationships, you can't walk around them, like they're not in the room with |
| 342 | 01:05:12 --> 01:05:25 | you. In in your head, you certainly can't escape them. So you might as well just deal with them. It's uncomfortable, might be scary. But once you subdue them, |
| 343 | 01:05:26 --> 01:05:37 | once you choke the fucking life out of them, and they have no more power and influence over you, no fear, grip of intimidation on you. It's liberating. |
| 344 | 01:05:38 --> 01:05:48 | That's real empowerment. It's clarity, it gives you the visibility of the seed things that you are supposed to be watching for. So that way you can identify |
| 345 | 01:05:48 --> 01:05:56 | the opportunity instead of seeing an opportunity. And immediately your subconscious speaks up and says, it could be an opportunity. But remember, the |
| 346 | 01:05:56 --> 01:06:07 | last time you did this, this is what happened. Thought that. Fuck that. No, no, no, no, no, the whole point of you journaling was you to replace that shit. |
| 347 | 01:06:08 --> 01:06:18 | Remove toxic negative thinking. These are what the opportunities look like. This is what the opportunity resembles this is what the pattern looks like, when it |
| 348 | 01:06:18 --> 01:06:32 | does this. I'm expecting it to do that as an outcome. Bullish great, I'm gonna buy something in a discount. What, whatever PV array that you like, that I've |
| 349 | 01:06:32 --> 01:06:43 | given you freedom to be selective in, because nobody can take you and press you into their fucking 40 day, 120 day, one week, one fucking month course. And now |
| 350 | 01:06:43 --> 01:06:53 | you're gonna walk out a trading Terminator. The only thing is getting terminated your fucking account. Because you're rushing to do something that is extremely |
| 351 | 01:06:53 --> 01:07:09 | technical, largely linked to psychological and emotional stimuli, that we as emotional and intellectual beings. We're victims of those things. They make us |
| 352 | 01:07:09 --> 01:07:21 | tick. When you look at your significant other, and how wonderful they are. You can imagine being with anybody else. Maybe last night, you spent very, very, |
| 353 | 01:07:21 --> 01:07:36 | very good time. And you woke up this morning thinking, I'm really glad to have that person in my life. You appreciate them. Now, given an a conversation, you |
| 354 | 01:07:36 --> 01:07:43 | could probably list some things that you wish you wouldn't experience with them. The little things, the little things that get on your fucking nerves, like, they |
| 355 | 01:07:43 --> 01:07:53 | would be perfect if they did do this. Or if they did this, they would be perfect. Perfect is not possible. Your trading is not gonna be perfect, your |
| 356 | 01:07:53 --> 01:08:09 | model is not gonna be perfect. It's imperfect. But you're navigating it with that. The markets are gonna throw you a curveball. You're gonna expect it to do |
| 357 | 01:08:09 --> 01:08:19 | certain things. And it doesn't do it. And you lose. Are you going to go unhinged? And say fuck this fuck risk management. I'm going back in there. And |
| 358 | 01:08:19 --> 01:08:24 | I'm going to try to take it by force because I'm angry. And I have no idea why I'm taking the trade. But I'm just going to do it anyway. Because I felt I need |
| 359 | 01:08:24 --> 01:08:40 | to swing on something. That's lack of discipline. How do you forge that? How do you build discipline, going through pain and loss and losing your account? |
| 360 | 01:08:42 --> 01:08:53 | That's that's the best teacher. But unfortunately, it comes with scar tissue. So it's very hard for me as a mentor to try to teach you a balanced, comprehensive |
| 361 | 01:08:53 --> 01:09:06 | approach to doing it correctly. Because all of you are prone to do whatever it is that you're going to do. That's either reckless, undisciplined, impulsively. |
| 362 | 01:09:09 --> 01:09:25 | Or just gamble. Because you want to see something positive happen. And if it does, you'll mistakingly call it skill, like I did in the beginning. Not the |
| 363 | 01:09:25 --> 01:09:34 | very beginning. The very beginning. I got my ass handed to me, and I'm glad it happened. But I had nine months of pure unadulterated fucking luck that I was |
| 364 | 01:09:34 --> 01:09:43 | convincing myself and everyone else around me that my shit didn't stink. And I had it all figured out. Man I didn't |
| 365 | 01:09:50 --> 01:09:57 | you don't want to get lucky. You don't want to have a lottery win beginning of your learning. You want it rough |
| 366 | 01:10:06 --> 01:10:21 | It will give you the proper mindset. It will show you how you can fail if giving yourself over to impulsive tendencies and undisciplined mindset. And all those |
| 367 | 01:10:21 --> 01:10:33 | things are easily overcome. If you just simply let down your guard and let your real self step forward and say, Okay, I'm comfortable being vulnerable right now |
| 368 | 01:10:33 --> 01:10:44 | because I know it's good medicine. Where am I weaknesses right now? What are the things that are scary to me? What am I fearful thoughts? What are my reasons for |
| 369 | 01:10:44 --> 01:10:58 | doubting my future success? What are the things that I'm feeling inside? What are other people saying about me that are weighing on me heavily? Something you |
| 370 | 01:10:59 --> 01:11:10 | like the mother me? And say, Why do you talk to these haters? Why do you give them time? I'm not giving that hater anytime. I'm actually talking through that |
| 371 | 01:11:10 --> 01:11:18 | hater. I'm literally coming back and showing them what they're saying is nonsense. Because there's going to be a dozen people that just find me, or the |
| 372 | 01:11:18 --> 01:11:28 | content, I'm giving out for free. And they'll read some Joker's fucking slated opinion about me because they're trying to sell something and nobody wants to |
| 373 | 01:11:28 --> 01:11:35 | buy it. So therefore they got to come over and try to leave something on my doorstep. So other people won't knock on the door and say, Hey, can you help me |
| 374 | 01:11:35 --> 01:11:49 | too? Because they're jealous. They're pathetic fucking losers. But I know if I answer back and say, but here's a Live account, son. Here's your whole fucking |
| 375 | 01:11:49 --> 01:11:59 | month in one trade in less than five minutes, son. Here's me perfectly doing it with no drawdown. Son, here's me doing it with your fucking broker of your |
| 376 | 01:11:59 --> 01:12:12 | choice. And you ain't stepping still yet, son. That's why I do it. Because they can see, oh, these are just words. And here's the guy doing it. Here's the guy |
| 377 | 01:12:12 --> 01:12:13 | doing it |
| 378 | 01:12:19 --> 01:12:32 | are you going to let other people and their opinions of you when you are successful, you're gonna let them paint boundaries, that you have to do this. Or |
| 379 | 01:12:32 --> 01:12:44 | we can't view you as successful. Fuck all of your opinions about what success is. When I wake up, I'm not going to work. When I go to bed, I don't give a fuck |
| 380 | 01:12:44 --> 01:12:54 | what time I wake up. My body just does it. For hours, sometimes it's four hours and 10 minutes. Sometimes it's three hours and 45 minutes. This is in that |
| 381 | 01:12:54 --> 01:13:05 | window. But I don't go to fucking bed worried about what I got to do when I wake up. I ain't gotta worry about picking, packing a fucking lunch to go to work. I |
| 382 | 01:13:05 --> 01:13:12 | ain't got to worry about my 401 K. I ain't got to worry about how my fucking car payments are gonna get paid. I ain't gotta worry about what my wife's doing when |
| 383 | 01:13:12 --> 01:13:28 | I'm not home. I don't have all these fucking things to worry about. I have contentment. I'm at peace. And I don't have to fucking trade ever. Tell me what |
| 384 | 01:13:28 --> 01:13:44 | success is outside of that, because I made the epitome of it. I don't have to charge money to fucking sell education to live what success you're all gonna |
| 385 | 01:13:44 --> 01:13:55 | have a different idea of it. And but when you get there, you're going to be met with people. And if you invite it, if you give room for it, give it a stage. And |
| 386 | 01:13:55 --> 01:14:05 | on Twitter, that's what I do. I provide a stage. I've been out here waiting and waiting and waiting and waiting. And people claiming they join this and they did |
| 387 | 01:14:05 --> 01:14:15 | that they didn't do shit. Where's your profit? Will students look around? Where's yours? |
| 388 | 01:14:23 --> 01:14:33 | And I say I mean it. And there's still always going to be two people that either agree with it, or don't like what I said. So they're going to come up with some |
| 389 | 01:14:33 --> 01:14:41 | bullshit. They're going to do the same thing to you. Are you going to let them influence you once you find success? Are you going to let them take you out of |
| 390 | 01:14:41 --> 01:14:56 | your focus? Does it mean that much to you? That you got to have every fucking body believe you because that's a character flaw. I don't like back at height |
| 391 | 01:14:56 --> 01:15:11 | haters and shit. Because I'm insecure. I'm not insecure. It sport to me. I bade it all the time. And they've all failed. And I've been I've been entertained by |
| 392 | 01:15:11 --> 01:15:11 | it |
| 393 | 01:15:16 --> 01:15:28 | no one's taking me out of the thought processes that I go through every single day. I'm not losing sleep. I'm not stressed. I'm not worried about nothing. Will |
| 394 | 01:15:28 --> 01:15:39 | you be like that when you get successful? In the beginning, probably not. You'll be afraid of what if I lose everything? Sorry, you when you get to that mile |
| 395 | 01:15:39 --> 01:15:47 | marker of a millionaire. I don't want to spend any money. I have to keep a million dollars. I don't want to drop $1 below million, because then I won't |
| 396 | 01:15:47 --> 01:15:58 | really be a millionaire anymore. I experienced that. It's silly. It's silly as shit. It only lasted for a minute because it became 2 million, 3 million. But |
| 397 | 01:15:58 --> 01:16:11 | the long and short is you will have new concerns. New adversities. So how do you prevent the fear of spending less than a million dollars in $1 less than that |
| 398 | 01:16:11 --> 01:16:19 | you're no longer a millionaire. It's easy. You make another fucking million dollars. Then you have a million dollars you make another million dollars. And |
| 399 | 01:16:19 --> 01:16:30 | you do that? You'll never have that fucking fear again. ICT do Twitter space on how to make a million dollars. Okay, trade the silver bullet model. When you |
| 400 | 01:16:30 --> 01:16:42 | make your money, stop for the day, don't over leverage and let time do all the heavy lifting. But, but I want to Lambo tomorrow. Get the fuck out of here. I |
| 401 | 01:16:46 --> 01:16:57 | can't help everybody, right. But you certainly can help yourself. And you should. You need to identify the adversities that you're feeling and |
| 402 | 01:16:57 --> 01:17:08 | experiencing, identify them walk right up to their fucking face. And say, you are no longer a concern for me. Everything I do from this day forward, is to |
| 403 | 01:17:08 --> 01:17:18 | beat you into submission, subdue you and cut you out of my life as a cancer. Fear of losing money, fear of getting it wrong. How do you how do you overcome |
| 404 | 01:17:18 --> 01:17:39 | fear of being wrong? journaling and sweet talking romanticizing how you did it incorrectly, but you've learned something from it. Wow. Wow. That is amazing. |
| 405 | 01:17:39 --> 01:17:49 | You just said that I had a negative experience. But I'm going to tell myself that this was good for me. And What lessons do I take from that so that way, I |
| 406 | 01:17:49 --> 01:18:04 | don't do it again, willfully. You know, that is its maturity. As a 20 year old, I could not look at it that way. Everything was an attack, everything was a |
| 407 | 01:18:04 --> 01:18:17 | reason for me to become a new victim in my own hands. And that really causes an increase in self doubt, low self esteem. And I already had a chip on my shoulder |
| 408 | 01:18:17 --> 01:18:31 | I wanted to prove to the world that my own parents didn't want me so I'm going to become fucking superhuman. They're all going to recognize me so everything I |
| 409 | 01:18:31 --> 01:18:46 | did was with the highest form of output as a result or it wasn't good enough. And I failed a lot. A lot I failed so many times in the beginning. But guess |
| 410 | 01:18:46 --> 01:18:57 | what didn't stop my work ethic it just made it bigger and stronger. I was more tenacious, more fucking ready to cut everything else out of my life and |
| 411 | 01:18:57 --> 01:19:10 | everything was this those fucking candlesticks at the time were open high low close bars. I was going to make those motherfuckers my workers these are my |
| 412 | 01:19:10 --> 01:19:26 | worker bees you fucking work for me my first looked at him I looked at and said man these things are scary. What's he going to do next? And you probably are at |
| 413 | 01:19:26 --> 01:19:34 | that stage right now because you're brand new what's it going to do next? It's scary. Oh look this whipped up is what up seven handles looked at. I'm probably |
| 414 | 01:19:34 --> 01:19:41 | wrong. Or maybe you're just fucking paranoid and you're not trusting the model that you've been watching and studying and back testing you have certainly |
| 415 | 01:19:41 --> 01:19:53 | examples of sometimes it's not going to be accurate for you as the trader to engage it doesn't mean the model itself failed. You did it wrong. That's an |
| 416 | 01:19:53 --> 01:20:08 | applicable to everything. I don't give a fuck if you're trading any other retail concept If you took a trade, it didn't fail, you did. That's personal |
| 417 | 01:20:08 --> 01:20:15 | responsibility. But every one of us in the beginning, and some still want to hold on to it. You when you fail, you want to have the convenience of being able |
| 418 | 01:20:15 --> 01:20:24 | to say, well, the responsibility was outside of me, it was this thing that caused me to lose money. And you wonder why you have all these mental issues |
| 419 | 01:20:25 --> 01:20:36 | about yourself, not in trading only in everything. Because you have unreasonable expectations. You're looking at things improperly. But telling yourself all the |
| 420 | 01:20:36 --> 01:20:47 | while that this is the correct way of doing it in anything less is bullshit. It's making me a victim. I demand reparations. This is bullshit. This is |
| 421 | 01:20:47 --> 01:20:55 | unjustly done to me, I don't deserve this. I didn't do it, someone else did it, something else did it, something else caused it. That is not someone that's |
| 422 | 01:20:55 --> 01:21:00 | going to do very well as a trader. And he sure is fucking going to be a good guru mentor. |
| 423 | 01:21:05 --> 01:21:13 | People that have done this long enough in anything, not just trading, that they've done it, they've hurt themselves, they've grown through that. And he |
| 424 | 01:21:13 --> 01:21:22 | found themselves on the other side. They are the ones that have the experience. They are the ones that have the ability, the voice to listen to, because they've |
| 425 | 01:21:22 --> 01:21:37 | been on both sides. You don't want to learn from someone that has just been introduced to something. They haven't been incurred loss and worked through it |
| 426 | 01:21:37 --> 01:21:46 | lives with it conquered it. What did they do? How do they think about what they were going through at the time? Those are the most paramount things to be |
| 427 | 01:21:46 --> 01:21:57 | worried about as a developing trader, not what's the right waterblock? How do you know when a fair value gaps gonna stay open? Those types of questions are |
| 428 | 01:21:57 --> 01:22:04 | the ones that are very telling as an individual because I'm not trying to say don't ask me questions, but the folks that asked those 100 questions are |
| 429 | 01:22:04 --> 01:22:14 | equivalent to the same ones that say, right after I call move, and it delivers what's next. Now where where's it gonna go next? That's someone who doesn't know |
| 430 | 01:22:14 --> 01:22:23 | how to trade. It's somebody that just needs a nudge to go out there and impulsively trade when there is no setup. Because I say, I think it's gonna go |
| 431 | 01:22:23 --> 01:22:41 | here. Okay, that's where my area of interest is. I want to see NASDAQ 15,001 26 I want to see it but it has to have a context in price that allows that set up |
| 432 | 01:22:41 --> 01:22:53 | to be there otherwise, that's just a level I'm interested in. It might trade there next week, and I may miss the move. Am I gonna go on hinge and say all |
| 433 | 01:22:53 --> 01:23:02 | this shit? It doesn't fucking work. I miss this one fucking trade. I couldn't encapsulate my entire career in this one fucking trade. Oh, let's throw it all |
| 434 | 01:23:02 --> 01:23:11 | out the fucking window. It's useless now. It's silly to think like that. But so many of you do it. Just like that. When you're trying to get a funded account |
| 435 | 01:23:11 --> 01:23:19 | challenge past you're trying to trade your first fucking trade with your funded account. You couldn't wait to get funded now you have it you have a funded |
| 436 | 01:23:19 --> 01:23:27 | account. And here you go. Within fucking five fucking minutes of getting your login details you're in there trading in a time when a new fucking reason to be |
| 437 | 01:23:27 --> 01:23:41 | in there. Let's go for it baby. I can trade five contracts. I won't do that. Let's just do four and Max day loss 21 attempts to get this shit in here already |
| 438 | 01:23:41 --> 01:24:03 | sit the fucking bed. Yeah, because you're not ready. You have not learned you want sugar high. Not consistently boring. Meat and potatoes. You live long, |
| 439 | 01:24:03 --> 01:24:13 | healthy, strong, virile lives, meat and potatoes. You eaten fucking candy bars, you're gonna get fat and unhealthy. You don't want your trading to be in a |
| 440 | 01:24:13 --> 01:24:27 | diabetic fucking coma. You want things that are going to be sustainable? Things that are rooted on sound logic that have proven themselves to outpace and |
| 441 | 01:24:27 --> 01:24:36 | overcome your former adversities and things that you are fearful if you stopped the motto on it and walked it fucking dry. Now, everything in front of you is an |
| 442 | 01:24:36 --> 01:24:52 | opportunity. But do you have the maturity, the self discipline and control to filter out the ones that are less likely to deliver the highest yield? There's |
| 443 | 01:24:52 --> 01:25:01 | levels that US folks and you think it's just give me a five minute condensed version of it to make it easy for myself. Go out there and blow my fucking |
| 444 | 01:25:01 --> 01:25:10 | account because that's what you're asking for. Give me another shortcut excuse me to go out there and try to do something I'm ill prepared to do, but we'll |
| 445 | 01:25:10 --> 01:25:18 | call it fucking skill if I'm lucky. I know it doesn't sound good sometimes hearing it like that way but folks, listen, that's exactly what I needed to hear |
| 446 | 01:25:18 --> 01:25:33 | when I was coming up. There was nobody had to do it. I didn't nobody had the excuse to do not do this because this is what will happen. I was going through |
| 447 | 01:25:33 --> 01:25:43 | it myself. I was the poster child for fucking blown accounts. feeling fearful this doubting myself all that stuff. Do you see those characteristics me today? |
| 448 | 01:25:44 --> 01:25:54 | Do you hear them in me today? Fuck no. I'm always referred to as the most arrogant fucking pompous prick there is in trading. Because I know my shit will |
| 449 | 01:25:54 --> 01:26:11 | work. I know when it will work. That's a level of confidence that you just can't get in a book. You can't go to a workshop. A guru can't teach that to you. You |
| 450 | 01:26:11 --> 01:26:27 | earn that shit. You earn it. You acquire it through sweat, work, diligent approach to studying adhering to fucking rules and abstaining from things that |
| 451 | 01:26:27 --> 01:26:37 | are wasteful, time consuming, fucking negative horseshit, you cut all that stuff out. If you're listening to me today, you're on the right fucking path. You're |
| 452 | 01:26:37 --> 01:26:43 | doing that very thing so many people are still sleeping in because they got fucking drunk last night. Some of you are probably hungover listen to this |
| 453 | 01:26:43 --> 01:26:47 | thinking shit. I wish I wouldn't have been fucking so hungover, it would have been a better space |
| 454 | 01:26:54 --> 01:27:09 | what you do on your weekends, tells a story of your future. And that's the truth. Your free time away from the man. The slave shop, the sweatshop, the |
| 455 | 01:27:09 --> 01:27:29 | cubicle across from fucking Carl when everybody else just wants to sit back and chill. Give me my fucking course. Give me my sports teams. My barbecues, a bag |
| 456 | 01:27:29 --> 01:27:42 | of fucking trips. And just don't bother me for a couple days, because Monday is coming again. That's not you. That's not you. You're listening to some fucking |
| 457 | 01:27:42 --> 01:27:51 | ranting or even motherfucker, telling you what you need to do and what not to do on a Saturday. Because you have shit to do, you have things that you want to get |
| 458 | 01:27:51 --> 01:27:59 | accomplished before you lay down for the last time you have places to be. And you have to make sure at ease that you're going to be able to afford things for |
| 459 | 01:27:59 --> 01:28:10 | you and your family. So you're sacrificing your time, you're investing your time in yourself and your future self and your family's future to learn and acquire a |
| 460 | 01:28:10 --> 01:28:22 | skill set from someone that's proving it to you globally, not just independently through my own actions. And you're seeing value, because you don't have to swipe |
| 461 | 01:28:22 --> 01:28:32 | a credit card. You don't have to make a PayPal payment. There's no two week trial. There's no coupon codes here is to show the fuck up, show up. Take notes. |
| 462 | 01:28:33 --> 01:28:46 | That's it. I'm not asking anything of you just do the work. The things that you want to have out of life. This can deliver it. For some of you, not all of you, |
| 463 | 01:28:46 --> 01:28:55 | some of you because not all of you are going to be able to do the things that are required. You haven't overcome your adversities. You didn't look at that |
| 464 | 01:28:55 --> 01:29:04 | adversity as an objective to overcome. And you need to do that initially in the beginning stages. And anytime a new adversity creeps in, whether it be in |
| 465 | 01:29:04 --> 01:29:13 | trading or any other venture that you do in life, you have to immediately go after it. You have to single handedly stop its ass |
| 466 | 01:29:19 --> 01:29:31 | everything you do is a decision. You need to ask yourself before you do it. How is this decision going to impact me? Not just today? How's it gonna impact me |
| 467 | 01:29:31 --> 01:29:44 | for the coming week? coming month coming year? How's it gonna affect me as a person? Of character of principle? Is this a waste of my fucking time? am I |
| 468 | 01:29:44 --> 01:29:57 | wasting my time? Am I putting any waste of time in this venture or providing time to someone? There's not going to yield me a return on my investment, my |
| 469 | 01:29:57 --> 01:30:10 | investment if you're not getting some thing out of that. Don't do it. Don't feel bad about a leader. Don't even apologize, just say, I don't have time for this, |
| 470 | 01:30:10 --> 01:30:21 | I gotta go. What a rude as small, fuck off. You don't have to say it verbally, wipe your feet off and leave them right where they're standing. Because the |
| 471 | 01:30:21 --> 01:30:32 | enemy likes to creep in and steal time. cloud your mind, you won't see the opportunities in front of you. Which is why he brings adversity. And adversities |
| 472 | 01:30:33 --> 01:30:44 | are just simply opportunities for you to exercise with you're already growing stronger in dealing, which is overcoming. Trading is overcoming uncertainty. I |
| 473 | 01:30:44 --> 01:30:58 | embrace uncertainty, every successful trader embraces uncertainty. You have yet to see it that way. Because it's fearful that darkness on the hard right edge of |
| 474 | 01:30:58 --> 01:31:11 | that chart. It's unchartered waters, you've never been here before. None of us have that hard right edge right now. Where every market you're trading, whatever |
| 475 | 01:31:11 --> 01:31:14 | it is, that's all uncharted territory. |
| 476 | 01:31:19 --> 01:31:29 | There are processes, standard operating procedures that you have to know that you are going to lean on. If this happens, I'm not going to get emotional. I'm |
| 477 | 01:31:29 --> 01:31:38 | not going to get angry, I'm not going to turn vengeful, and try to get my money back right away. It's not vigilante fucking trading model. |
| 478 | 01:31:46 --> 01:32:01 | All these things maybe haven't been given much thought up until today. And I'm hoping that at least it's been my aim today to try to put a spotlight on how we |
| 479 | 01:32:01 --> 01:32:14 | ought to think about these things, and not view them as reasons why not to bother, or to be fearful in our attempts and trying to improve. Because that's a |
| 480 | 01:32:14 --> 01:32:26 | lie. That's why they're presented to you as a university to talk you out of it. Don't bother trying. It's not worth it. Don't Don't, don't worry about trying to |
| 481 | 01:32:26 --> 01:32:34 | do it. And you know, imagine how much better you'll feel if you just live your life except the fact that what you have is the best it's going to ever be. At |
| 482 | 01:32:34 --> 01:32:44 | least you have Saturday and Sunday to live your life in lack. And be content with that, that that TV channel that shows us men running around chasing a |
| 483 | 01:32:44 --> 01:32:55 | fucking piece of dead pigskin, inflated and getting paid with a new industry. Identity that never pays any income taxes. You're making all these people rich. |
| 484 | 01:32:56 --> 01:33:09 | Give them your fucking time. Instead of doing the things that can make what they make as a salary, and live a short life. You can live a well enriched life. Not |
| 485 | 01:33:09 --> 01:33:18 | beating yourself up not enriching these fucking jokers. And all that time that you have in a weekend that you're giving to these people in advertising revenue |
| 486 | 01:33:18 --> 01:33:30 | by your spectatorship of whatever the fucking shit is that you're doing. You're building a legacy of wealth behind you. So if you do lay down your head |
| 487 | 01:33:30 --> 01:33:45 | prematurely, you have something to leave your children. You have a roadmap for them to follow. Listen, Daddy, Mommy, whatever it is. I walked this path. I |
| 488 | 01:33:45 --> 01:33:57 | should be an encouragement to you do what I did, learn how I developed and do these types of things. That's how you leave a real legacy. Not going on social |
| 489 | 01:33:57 --> 01:34:13 | media flaunting and saying you're rich and look where I live and look what I drive and act a fool. So I have a weekend ahead of me folks say to you, and I |
| 490 | 01:34:13 --> 01:34:24 | want to do things with my family and make more memories. So I hope that I hit the mark on what it was I was aiming for today with some of you if not all |
| 491 | 01:34:24 --> 01:34:33 | yours, it's fine. I got one person here in the audience that took something from this and was helpful to them inspiring and encouraging on how to handle |
| 492 | 01:34:33 --> 01:34:43 | adversities. Let me know in the comment section of the post with this Twitter space. Enjoy your weekend, and I'll talk to you next time. Be safe |