047-ict-tw-spaces-2023-09-Burning-Candlesticks-and-Counting-Grains-Of-Sand
Last modified by Drunk Monkey on 2023-09-26 13:08
Outline
00:35 - Candlestick trading and counting grains of sand.
- ICT discusses topics inspired by creativity and struggles of other traders, using enigmatic titles like "burning candle sticks, counting grains of sand."
02:58 - Wasting time in trading and finding the right approach.
- The speaker emphasizes the importance of time management and avoiding wasted time in trading, particularly for those who are not yet successful or consistent.
- The speaker encourages listeners to be independently minded and goal-oriented, with a principle-based approach to trading, rather than relying on failed logic or following others blindly.
- The speaker emphasizes the importance of identifying the right approach to trading, as it requires time and effort to find what works best for you.
- The speaker warns against wasting time on unproductive activities such as watching drama-based content, comparing yourself to others, or engaging in negative thinking.
09:27 - Trading strategies and time frames.
- The speaker emphasizes the importance of not being afraid to take losses and being willing to lose money to teach others.
- The speaker's mentorship is not about trying to make Olympic-sized profits but rather about showing that consistent profits can be made with Smart Money concepts.
- ICT emphasizes the importance of patience in trading, despite feeling impatient with short-term charts.
- ICT criticizes a trader's use of time-based charts, advocating for a higher timeframe perspective.
15:43 - Technical analysis and mentorship.
- ICT emphasizes the importance of understanding market liquidity and identifying potential stock runs.
- ICT is mentoring an 18-year-old in trading, requiring him to do all the work while providing guidance and insights.
- ICT's mentorship involves sharing his experience and bias for that day's trading, with a focus on teaching the young trader to focus and learn from his mistakes.
19:06 - Technical analysis and trading strategies.
- The speaker emphasizes the importance of trusting the market and not relying on support and resistance levels.
- The speaker's approach involves aiming for a move below an old low and retargeting to it, rather than relying on support and resistance levels.
- The speaker discusses a young person who has made over 200 hours using a trading model, despite facing challenges such as lack of a home or car payment.
- The speaker explains the model in detail, highlighting its potential for accuracy and the importance of liquidity in trading.
24:58 - Trading and personal growth.
- ICT emphasizes the importance of learning and growing in trading, despite setbacks.
- ICT emphasizes the importance of self-mastery and recognizes that making money in the market takes time and effort.
- The speaker's son wanted to rush into making money quickly, but ICT stresses the importance of patience and not comparing oneself to others.
29:31 - Trading strategies and risk management.
- Trader belittles others for relying on 10-minute charts, preferring to trade based on real-time liquidity.
- Trader must respect risk and use stop loss to mitigate potential losses.
32:28 - Trading strategies using intraday volatility.
- ICT explains that high-frequency trading algorithms need a disruption in order flow before they can go short, and this disruption can occur on any timeframe (e.g. 5-minute or 1-minute chart).
- Once a disruption occurs, the algorithm can start a sell program on a lower timeframe (e.g. 32nd chart) and take advantage of the resulting gap.
- ICT emphasizes the importance of understanding the reward-to-risk ratio in trading, suggesting that it's a myth and not a reliable approach.
- ICT shares his strategy for intraday trading, focusing on identifying fair value gaps and placing limit orders based on the 32nd chart.
37:33 - Trading and goal setting in audio transcript.
- ICT argues that market movements are predetermined and run on a script, with no room for luck or retail logic.
- He emphasizes the importance of discipline and following a rule-based approach to trading, rather than relying on emotions or unproven methods.
- The speaker emphasizes the importance of setting clear goals and taking incremental steps towards them, rather than trying to achieve success overnight.
- The speaker highlights their ability to produce successful students who are confident and proficient in trading, and showcases their testimonials to back up their claims.
42:53 - Trading and risk management strategies.
- ICT emphasizes the importance of seeing money in hand to solidify earnings for an 18-year-old.
- Trader emphasizes importance of focusing on drawn liquidity pools and having a sound mindset to make informed trading decisions.
46:11 - Trading, mindset, and financial literacy.
- ICT emphasizes the importance of minding one's own business and not comparing oneself to others in trading.
- ICT suggests that focusing on small, manageable goals (e.g., 10 handles) is more practical and less risky than aiming for large profits (e.g., 12 handles) in trading.
- ICT emphasizes the importance of teaching children financial literacy and hard work.
- ICT emphasizes the importance of hard work and dedication in achieving success.
52:55 - Trading psychology and incremental learning.
- ICT wants to help Cameron restore his pride and confidence in trading by showing him incremental cookie rewards for successful trades.
- ICT believes that the only way to overcome Cameron's fear of losing money is to go through the process of testing and collecting experiences in the market, rather than relying on theoretical knowledge.
- ICT emphasizes the importance of filtering trades that have room to move, and holding onto them for potential profits.
- Patrick Whelan's trades are often closed too soon, despite ICT's encouragement to hold onto them for longer.
59:01 - Trading psychology and decision-making.
- Trader struggles with greed, regrets not taking profits.
- ICT emphasizes the importance of taking action and making decisions in trading, despite criticism or doubts.
01:02:20 - Trading, risk management, and parenting.
- ICT is frustrated with people who don't take action and instead hide behind "dumb ass fucking movies" and "make-believe bullshit."
- ICT's son is able to outtrade others with one contract, demonstrating the effectiveness of ICT's approach.
- Father prioritizes practical lessons, self-reliance for his sons.
- ICT encourages son to take initiative in business, not settle for easy path.
01:09:01 - Trading strategies and mindset.
- ICT emphasizes the importance of consistency and setting achievable goals in trading.
- ICT reflects on their past trading approach, realizing they were trying to force things to happen that weren't meant to be.
- ICT encourages the listener to focus on small, incremental progress towards their goals, rather than getting discouraged by the distance to the finish line.
01:14:30 - Simplifying trading strategies and models.
- ICT emphasizes the importance of simplicity and contentment in trading, encouraging junior developers to stop overcomplicating and focus on what works for them.
- ICT shares his ability to quickly create and teach new trading models, demonstrating his confidence in his approach and the independence of his models.
01:17:13 - Trading and dealing with losses.
- ICT says he's glad his son is sharing his progress in a third-party, audited setting, as it shows his son is doing something real and not just lying.
- ICT encourages others to call him out if he shares anything false or misleading, as he wants transparency and honesty in his mentorship.
- ICT is concerned about the trader's inability to handle a potential loss, which could lead to a blown account and the end of their trading career.
- ICT will counsel the trader through this challenge and provide guidance on how to deal with it, offering a unique mentorship opportunity.
01:22:16 - Trading, mentorship, and success.
- ICT emphasizes the importance of individual success and encourages listeners to pursue their own path to success, even if it means deviating from what he teaches.
- ICT wants to see listeners succeed and is willing to risk his own well-being to help them, despite not making any money from his efforts.
- ICT emphasizes the importance of sharing experiences and lessons learned in the industry, citing the value of realistic and provable information.
- ICT's obsession with his wife and other activities takes priority over his desire to discuss trading and investing.
- ICT emphasizes the importance of energy and inspiration in teaching and learning, likening it to running on rocket fuel.
Transcription
| 1 | 00:00:35 --> 00:00:49 | ICT: It is good morning. It is a good morning. So obviously, you probably were wondering where I was. And when I set these Twitter spaces up, they had this |
| 2 | 00:00:49 --> 00:01:05 | really weird like time dial thing like, like a, an analog clock face. And I assume it's the only way I can think it would have happened. When I swung the |
| 3 | 00:01:05 --> 00:01:13 | thing around to seven o'clock, as I took my finger away from the screen, it must have went back and hit the six. So it wasn't supposed to be six o'clock, I just |
| 4 | 00:01:13 --> 00:01:25 | noticed it because I was getting ready to start to stream I think it was, this is six o'clock. Now. It's highly unlikely I would do a six o'clock, Twitter |
| 5 | 00:01:25 --> 00:01:35 | space. But it is an earlier one thing. And that's because I have things that take care of her in the house. And my wife asked me to be present for certain |
| 6 | 00:01:35 --> 00:01:48 | things. So today's topic is burning candle sticks, and counting grains of sand. And for the folks that are wondering where I get these titles from and how they |
| 7 | 00:01:48 --> 00:02:01 | come about real quick, it's off the cuff, I look for something that's, you know, enigmatic a little bit. Sometimes it's inspired by creativity, based on the |
| 8 | 00:02:01 --> 00:02:11 | things I'm thinking about, a subject matter will pop in my head, it'll usually be spawned from watching or reading other comments from other people, maybe even |
| 9 | 00:02:11 --> 00:02:19 | comments from other youtubers in their comment section about my content, or maybe struggles about what they're doing in their own trading. And I'll tap into |
| 10 | 00:02:19 --> 00:02:31 | that struggle as a topic to teach you as our community. And what's the topic mean? Like, what's that mean? burning candles, sticks, and counting grains of |
| 11 | 00:02:31 --> 00:02:40 | sand, it sounds like probably get this image of some kind of Alchemist. He's sitting there with his wood carved desk, he's got all these little things on his |
| 12 | 00:02:40 --> 00:02:54 | desk and candlesticks are burning, and he's got an hourglass that's counting down the grains of sand falling through. No, it's, it's us as traders, when we |
| 13 | 00:02:54 --> 00:03:09 | first start, we're looking at these candlesticks on the chart. And we're trying to make sense of it all. And pursue a dream, a passion and impulse. And we're |
| 14 | 00:03:09 --> 00:03:20 | always at the same time counting the grains of sand, I'm running out of time, I have to find the solution to this by this date or this particular time. Or I |
| 15 | 00:03:20 --> 00:03:34 | won't be quote unquote, on or not on, but I won't be successful that way. So placing too much emphasis on getting their own a time that you want in terms of |
| 16 | 00:03:34 --> 00:03:46 | success. And trying to do a whole lot more than what's necessary, staring at the charts. That's basically what I'm getting at. And I want to ask you some |
| 17 | 00:03:46 --> 00:03:54 | questions. And this will only be an hour long presentation today. I have a timer set here. So I will absolutely be closing it at eight o'clock. And you're |
| 18 | 00:03:54 --> 00:04:05 | welcome to get back to your weekend. But do you waste your time? You ever thought about how much time you actually been wasting? For some people that |
| 19 | 00:04:05 --> 00:04:14 | don't really want to learn or have the right mindset? They'll think that these types of discussions and presentations by me and people that have wisdom and |
| 20 | 00:04:14 --> 00:04:24 | have experienced doing something will sit down and make available to other people. They would see this as a waste of time, or a boring session of not |
| 21 | 00:04:24 --> 00:04:35 | really getting anything. And if you're extremely profitable and consistent and you don't have any hardships whatsoever from a psychological point, then I could |
| 22 | 00:04:36 --> 00:04:46 | agree readily that this is probably a boring session. For anyone that's successful. consistently profitable. They know what they're looking for as a |
| 23 | 00:04:46 --> 00:04:55 | trader. They're not watching or listening to anything I'm putting up. They've already found their way. I have students that don't sit in on these. They're |
| 24 | 00:04:55 --> 00:05:02 | making money they're doing their own thing. It's not I don't view that as disrespectful. I don't I don't need their support. And I don't want you to be |
| 25 | 00:05:02 --> 00:05:14 | tethered to me. No point is for you to be independently minded, have a goal, a purpose, a principle oriented approach to trading. So that way you know what |
| 26 | 00:05:14 --> 00:05:25 | you're doing, when you're going to do it, why you're going to do it or why you're not going to do it. But a terrible thing occurs in this in the beginning, |
| 27 | 00:05:26 --> 00:05:38 | is where you waste a lot of time. And that time wasting can be based on following failed logic from failed mentors that don't have the evidence to show |
| 28 | 00:05:38 --> 00:05:49 | what they can anticipate in price action, presenting yourself in real time in all different timeframes, which is why I do a lot of the the teaching |
| 29 | 00:05:49 --> 00:05:59 | methodologies that I do, I use a lot of lower timeframe, time, timeframe, charts. So that way, there's a lot of examples. There's lots of examples. And it |
| 30 | 00:05:59 --> 00:06:07 | also teaches you to go in and not waste your time burning candlesticks needlessly, because think about how much time from the very first day you |
| 31 | 00:06:07 --> 00:06:18 | started contemplating being a trader, you would look at these candlesticks on the chart, and try to figure out what it means to you like a scrying mirror, and |
| 32 | 00:06:18 --> 00:06:31 | you're looking at it trying to get some kind of vision from you something that's going to materialize, like hieroglyphics suddenly will make sense to you. Maybe |
| 33 | 00:06:31 --> 00:06:40 | you've read books, maybe you looked at the PDF files that's been circulated around the internet. Maybe you've missed YouTube videos from other mentors, |
| 34 | 00:06:40 --> 00:06:50 | other approaches to trading. And you've dabbled not really made an attempt to trade with it or learn it. But you've dabbled with it looked around and see, |
| 35 | 00:06:50 --> 00:06:59 | does it really get your gears going? Do you feel inspired by the methodology or the things that would be otherwise taught by the teacher the method, or whatever |
| 36 | 00:06:59 --> 00:07:10 | it is that you're trying to do and trading, there's a lot of time wasted, in the beginning, doing those types of things. And unfortunately, that is a needful |
| 37 | 00:07:10 --> 00:07:22 | thing. It is a very, very needful thing, you have to do that you have to allow yourself some time to figure out what direction you're gonna go in. There's |
| 38 | 00:07:22 --> 00:07:38 | gonna be lots of those opportunities to follow something that looks shiny and new, something that looks interesting, innovative, colorful. But really, if it |
| 39 | 00:07:38 --> 00:07:46 | doesn't really stick, its its tickets hooks into you and really latch on to you and not let you go. It isn't for you. And that's how you know you found what it |
| 40 | 00:07:46 --> 00:07:55 | is that you should be doing. Whether it be the PDA that I teach, or a model that someone else is teaching you or if they have something they sell. If it really |
| 41 | 00:07:55 --> 00:08:04 | resonates with you, and puts its hooks in you, and you just cannot get away from it, it just keeps drawing you back, then it's just a matter of time that you |
| 42 | 00:08:04 --> 00:08:15 | have to invest to do very well with it. Because something subconsciously resonates with that. And the uncertainty or the time required for you to get |
| 43 | 00:08:15 --> 00:08:28 | good at it is the uncomfortable uncertainty, of not warming up to the idea entirely. Wasting your time looking at drama based content, whether it be things |
| 44 | 00:08:28 --> 00:08:38 | like on TV, like news news is a terrible thing to watch. Worrying about other people's opinions about you what you're doing, trying to compete with other |
| 45 | 00:08:38 --> 00:08:52 | people trying to get the attention, the cloud type thing. All those things are terrible time wasters and negative thinking, toxic negative thinking. If you do |
| 46 | 00:08:52 --> 00:09:01 | a lot of that what will happen is over time, your your mind will literally filter out any positive thing or any evidence to the contrary, because you'll be |
| 47 | 00:09:01 --> 00:09:19 | more prone to side with the negative view. That's the main staple of brainwashing. If the constantly are fed something that is untrue, over and over |
| 48 | 00:09:19 --> 00:09:30 | and over and over again, if you stay around that, eventually you'll submit to it and you'll believe it. Which is why I always bitch slap all these people out |
| 49 | 00:09:30 --> 00:09:38 | here. And the list is growing smaller each day now. But they'll say that this stuff doesn't work that you're learning. They'll say that I don't trade with a |
| 50 | 00:09:38 --> 00:09:48 | real account when it's right there in front of your faces. They'll say that I won't call the market before it happens. I do. They'll say that there's nobody |
| 51 | 00:09:48 --> 00:09:58 | making money with Smart Money concepts. And they're all over the place being interviewed showing receipts of withdrawals and payouts proving their executions |
| 52 | 00:09:58 --> 00:10:09 | like at some point, if you listen to toxicity, you'll believe it because you need it to be that way. Because it'll justify your own inability to stick with a |
| 53 | 00:10:09 --> 00:10:15 | process to learn for yourself. Or your own failures. |
| 54 | 00:10:16 --> 00:10:28 | I watched a young man the other day tweet to me, he says, fuck you, and your IC ICT concepts. And I told him eat a dick. And I fucking mentor. Because that's |
| 55 | 00:10:28 --> 00:10:39 | the very epitome of a failed motherfucker. That's a failure, that is a failure, because you're not supposed to be trading in front of CPI. Now, that sounds |
| 56 | 00:10:39 --> 00:10:49 | hypocritical, because here you saw me make $7,000 doing it. But truth be told, I wanted to take a loss, you guys never seen me doing that. And I wanted you to |
| 57 | 00:10:49 --> 00:10:56 | see it, I wanted to be wrong. I was showing my youngest son, I said, Look, this is how this is how bad it can be. But I'm not going to do a lot of contracts, |
| 58 | 00:10:57 --> 00:11:03 | I'll do a very small position. But it'll be big enough for some of you most of you to respect the fact that the aircraft probably wouldn't want to do that if |
| 59 | 00:11:03 --> 00:11:13 | it was real money. But I can afford to lose that. I could afford to lose it, it's not going to break me to do it. Your mentors, your teachers aren't going to |
| 60 | 00:11:13 --> 00:11:21 | go out there willfully. put themselves in a situation to try to lose money to teach you something to prevent you from wanting to do it yourself. But they'll |
| 61 | 00:11:21 --> 00:11:31 | go out there and try to do the Olympic size feats and do max last days on their live streams. And try to peddle some bullshit like it works and it doesn't. And |
| 62 | 00:11:31 --> 00:11:40 | nobody's making money consistently with it. But you look around in our community. There's people popping up every single week that are brand new, and |
| 63 | 00:11:40 --> 00:11:52 | they have done the things they were instructed to do any protected their attention span, from bullshit drama, time wasting vampire things that this world |
| 64 | 00:11:52 --> 00:12:07 | will come at you with through social media, TV, movies, friendships, opinions, your family's opinions, the people you work with Carl, all that thing, all these |
| 65 | 00:12:07 --> 00:12:17 | things will be an impediment on your perception about what it is you should be focused on right now. Because you're trying to burn those candlesticks faster |
| 66 | 00:12:18 --> 00:12:28 | than they're intended to burn. You know, I'm talking about you're looking at that 15 minute candlestick. And it feels like a lifetime. You want it to reach |
| 67 | 00:12:28 --> 00:12:37 | your take profit. And you're waiting and you're waiting and you're waiting, and you can't stand it, your whole model is based on a 15 minute chart. But you'll |
| 68 | 00:12:37 --> 00:12:44 | drop down to a one minute chart, which you've never looked at before, you're not even interested in even though I show examples. I mean doing it precisely. My |
| 69 | 00:12:44 --> 00:12:54 | students do it. But you're not comfortable in that timeframe. But you'll bend your rules to go down to a one minute chart because it seems faster. I can't |
| 70 | 00:12:54 --> 00:13:03 | wait for that 15 minute candlestick to finish, I wish it would burn faster. So the mean just dropped home one minute chart, it'll feel like time is going by |
| 71 | 00:13:03 --> 00:13:12 | faster. And it's not going any faster. That timeframe is not moving any faster, there's no reason for you to be afraid of that one minute chart, or a 32nd |
| 72 | 00:13:12 --> 00:13:23 | chart. Some of you that are freaking out saying my son's trading a 32nd chart. Man, he's in the fast lane, he's doing something that he's not ready for. He's |
| 73 | 00:13:23 --> 00:13:33 | trading price. It's the same thing. It's the same thing. Only thing you're doing at that with that time based chart is you're showing the highest fluctuation and |
| 74 | 00:13:33 --> 00:13:42 | the lowest fluctuation for that interval, that it is measured. The fluctuation of price within that duration of time. That's the only thing that it's |
| 75 | 00:13:42 --> 00:13:50 | recording. That price has done the same thing on all timeframes. It's moved up and down to those same price levels. |
| 76 | 00:13:55 --> 00:14:06 | The myopic infancy of fearing lower timeframe charts, or calling them noise is just a testimony to your ignorance. And that's not something that's derogatory. |
| 77 | 00:14:06 --> 00:14:16 | It says simply that you don't know what you're doing yet. He's learning, but he's doing something that I laid before him. That is not even a complete model. |
| 78 | 00:14:17 --> 00:14:26 | And look what he's doing. What did you just say? ICT, you said that's not even a complete model. It's not because he does he doesn't require the level the higher |
| 79 | 00:14:26 --> 00:14:49 | timeframe take profit level, the draw on liquidity to be even reached. What if there is this insatiable desire for you to get there faster? I'm hoping that you |
| 80 | 00:14:49 --> 00:15:04 | are encouraged by my son's attempts to do this. And his development. He started trading that fund that account and And I've since learned that when the screen |
| 81 | 00:15:04 --> 00:15:15 | says, express, that's the, that's the one that you can take money out of that was my confusion, I thought an Express was the part where you try to get funded. |
| 82 | 00:15:15 --> 00:15:26 | That's the combine. So I don't know very much about it. But he has three past combines, and he activated or paid for one of them to go into a funded account. |
| 83 | 00:15:27 --> 00:15:37 | So he only has one technically funded and two on the sides where I guess, if he doesn't do well, or if he does want to do more, he can activate them later on. |
| 84 | 00:15:37 --> 00:15:48 | But he started trading it last Friday. And I, I told him not yesterday, Friday, but the previous week's Friday. And I told him, I said, Listen, because I don't |
| 85 | 00:15:48 --> 00:16:05 | want you to do. You can see where the 15 Minute, the hourly, the four hour and daily lows and highs are there obvious. And right above that, or below it is |
| 86 | 00:16:05 --> 00:16:14 | liquidity. You need to have an idea of which one you think the markets gonna go to. But if you see a stock run, and this is the part where you guys have been |
| 87 | 00:16:14 --> 00:16:20 | asking them to talk about as a model, I'm doing it right now. I'm not going to do a fucking YouTube video about it. Okay, because you've already learned this. |
| 88 | 00:16:21 --> 00:16:29 | But because now my son's making real money with it. You are interested in that. When it's something that you've already been introduced to it's been taught at |
| 89 | 00:16:29 --> 00:16:39 | nauseam. And it's simple, isn't it? It's real simple. Everything I've ever taught is simple. But what complicates it is you sitting down and figuring out |
| 90 | 00:16:39 --> 00:16:50 | what you want to do with all that material. I'm not feeling you as a mentor by withholding information. You are not doing the work that's required for you to |
| 91 | 00:16:50 --> 00:17:02 | sit in front of these charts and study and what is it that he's doing. He's looking for predominantly, I told him if it makes it easier for him to focus on |
| 92 | 00:17:02 --> 00:17:10 | a 15 minute chart or a 60 minute chart, so hourly or 15 minute timeframe, he needs to see where the market is likely to draw to I means if there's two |
| 93 | 00:17:10 --> 00:17:20 | relative equal highs, and it's bullish for the day, and I lend him that experience, that part I lend to him. So for those that are out there saying, Oh, |
| 94 | 00:17:20 --> 00:17:26 | you're doing it, you're doing all this, if I was fucking doing it, the book, the fucking account would be over 12,000 hours right now. If I was doing it'd be |
| 95 | 00:17:26 --> 00:17:39 | over 12 grand. But he needs to do this. He needs to see what's possible in his own hands. And it's encouraging. And he's he's, he's doing really well, he's not |
| 96 | 00:17:39 --> 00:17:48 | over confident. He's actually very pleased. He's like, this is really neat that like, This is nuts to make this kind of money, which is, I mean, you and I talk |
| 97 | 00:17:48 --> 00:17:56 | and we're adults, we know what what 200 hours a day is, it's, it's nothing, it's literally nothing. But you know, to an 18 year old, who used to work at a coffee |
| 98 | 00:17:56 --> 00:18:10 | shop, and grossed 400 hours a week, but paid twice a month, your bi weekly. That's something significant to him. So I told him 15 minute chart, 60 minute |
| 99 | 00:18:10 --> 00:18:18 | chart, I'll tell you what I think device is going to be for that day. And that'll teach you to focus. That's exactly what I was doing for my paid |
| 100 | 00:18:18 --> 00:18:27 | mentorship students every single day, I would tell them the bias. That's what they paid for. They paid for that mentorship, they paid for the experience that |
| 101 | 00:18:27 --> 00:18:37 | I was lending them. And they watched it happen 97 98% of the time literally come to pass and it's all fucking documented. And anybody can see the shit they want |
| 102 | 00:18:37 --> 00:18:50 | to say. But it's all recorded. All time and date stamp all before the fact in a in a fucking person not one clown can say anything about it. And either my own |
| 103 | 00:18:50 --> 00:18:58 | students would have came forward and said it didn't happen. And it never happened like that. And now you see it because it's a free I'm doing it in front |
| 104 | 00:18:58 --> 00:19:08 | of all of you. So I'm mentoring him in a limited and limited capacity but requiring him to do all the work. But he wants to do the actual button pushing. |
| 105 | 00:19:10 --> 00:19:25 | Okay 32nd chart. What you need to see is only one or five minute chart before you drop down to that 32nd chart. You'd have already arrived at what you think |
| 106 | 00:19:25 --> 00:19:32 | the markets likely to do and this is the part that everybody that's brand new or impatient or just wants to watch a five minute fucking trainer video and think |
| 107 | 00:19:32 --> 00:19:40 | that they are going to figure it out. Let's cut through all the bullshit and to watch talk and ICT you're boring shit. Fuck you get up the road. Go watch Joe |
| 108 | 00:19:40 --> 00:19:58 | Schmo. Okay, Mr. Reset. This is the real stuff. This is the part that you need to figure out. How do you trust that the market will go higher or lower? I can't |
| 109 | 00:19:58 --> 00:20:08 | tell you An everyday solution that you're going to trust, because sometimes I'll go into the marketplace. And my bias may shift because the market will do |
| 110 | 00:20:08 --> 00:20:21 | something that I didn't want to see it do. And because I have experienced and navigational skills to work within the time that it takes me to change my mind, |
| 111 | 00:20:22 --> 00:20:29 | I don't have time to sit down explain to you what just took place in the chart that make me change my mind, because I'm looking at a one minute chart, and |
| 112 | 00:20:29 --> 00:20:43 | sometimes less. But remove all that. And think about what I teach you on the market reviews and commentaries on the Eurodollar. What were we aiming for that |
| 113 | 00:20:43 --> 00:20:52 | old daily low, that's not support resistance, that's fucking liquidity, we are aiming for a move below the low that's not support, okay, we want to see it go |
| 114 | 00:20:52 --> 00:21:03 | down through it. Retargeting to it and through it, that is not fucking Support Resistance. We're going in with the idea that the market is going to draw |
| 115 | 00:21:03 --> 00:21:15 | towards those actual orders that will be resting below an old low or above an old high if we're bullish. And you stick with that idea until proven clearly |
| 116 | 00:21:15 --> 00:21:24 | that you're wrong. And that same approach, you use it to every timeframe. And for my son, I told him, I said, it'll be easier for you not perfect, it doesn't |
| 117 | 00:21:24 --> 00:21:33 | mean it's gonna be flawless, you're gonna lose, he will lose, eventually, it will happen, he will have a losing day that causes him to have to sit still. |
| 118 | 00:21:37 --> 00:21:48 | Well, that mean, the model is broken know, some of you are just waiting for that to happen. Some of you are dying for that to happen. And I'm not impatient about |
| 119 | 00:21:48 --> 00:22:00 | I know it's gonna eventually materialize. But he stops. If he follows the rules, he stops. And then he'll think about and have to entertain the idea of what it |
| 120 | 00:22:00 --> 00:22:12 | feels like being in that negative day. But guess what he has. He has the experience of having done it now six days correctly, and making over 200 hours. |
| 121 | 00:22:14 --> 00:22:26 | That seem 200 bucks. That's minuscule. It's, let me let me rephrase that, okay, I'm talking as an American here. For folks that don't make that much money in |
| 122 | 00:22:26 --> 00:22:36 | the country that you're from, please do not be offended by what I just said. I'm not trying to say anything to make you feel uncomfortable or be condescending. |
| 123 | 00:22:37 --> 00:22:49 | But in America, 200 hours is not a lot of money. I mean, frankly, if you go to the grocery store, you can't even put a quarter of grocery carts worth of things |
| 124 | 00:22:49 --> 00:22:58 | in here, at least be it to one an hour's and grocery costs. Now. It's ridiculous. But in terms of monetary money, it turned out is insignificant |
| 125 | 00:22:58 --> 00:23:09 | amount of money. But in the hands of an 18 year old that doesn't have a home, or a car payment. All these extra things are a child to take care of thank God. |
| 126 | 00:23:13 --> 00:23:25 | That's significant. And he outpaced his new job that he just started Monday. As a HVAC tech apprentice, he's trying to be a heating and air conditioning kind of |
| 127 | 00:23:25 --> 00:23:36 | guy. He wants to start his own business eventually doing that. That's wonderful. He outpaced both of his previous job working in a coffee shop, and he outpaced |
| 128 | 00:23:36 --> 00:23:52 | the income with overtime at $16 an hour, which he's where he's working for 90 days. And after that he goes up to $19 an hour. He did more in six days using |
| 129 | 00:23:52 --> 00:23:56 | this model that's not even complete. Because it's a graduated model. What |
| 130 | 00:23:56 --> 00:24:09 | does that mean? What does that mean? If that hourly or 15 minute timeframe draw on liquidity amounts, you think that the markets going to go higher or lower to |
| 131 | 00:24:09 --> 00:24:23 | that specific liquidity. Then the only thing you're waiting for if you're bearish. I'll give you the example for being bearish. On the five minute or one |
| 132 | 00:24:23 --> 00:24:34 | minute, there has to be some short term high traded above even in a run while the markets been going down. Don't think model 2022 That's not what this is. |
| 133 | 00:24:34 --> 00:24:43 | Okay, it's not that it can he can take a trade with that model. Within the context of the market reversing we don't need that the market can be going down |
| 134 | 00:24:43 --> 00:24:57 | for the entirety of the day. If it hasn't traded to that 15 minute or hourly Southside liquidity pool, it's not done. His model says aim in that direction. |
| 135 | 00:24:58 --> 00:25:10 | If it's 50 Hands Those to get to that low. Doesn't matter he's not holding for them 50 handles? He's trying to get 10 But why would he do that ICT? He's |
| 136 | 00:25:10 --> 00:25:16 | supposed to be your son. You know? Why would you tell him to do that? Because he's a fucking human being just like you are? Why aren't you making money with |
| 137 | 00:25:16 --> 00:25:23 | everything I've already taught? Why aren't you out there passing? columbines? Why don't you get in fucking taking withdrawals from your Express accounts? Why |
| 138 | 00:25:23 --> 00:25:32 | aren't you doing that? Because other people are doing it. So stop putting fucking stupidity in, in the conversation. He has to learn just like I had to |
| 139 | 00:25:32 --> 00:25:41 | learn, every one of us has to go through that process. Learning how to do this takes time. It takes a lot of effort. And you have to wade through a lot of |
| 140 | 00:25:41 --> 00:25:49 | bullshit that you bring to it yourself. You do, he's brought it to himself, he has now scar tissue, trying to do it faster. Trying to do it outside the rules |
| 141 | 00:25:49 --> 00:26:00 | are laid down from the first time he blew was a combine accounts. He's done it. He's done that damage. So now he has to go through what the growing pains. And |
| 142 | 00:26:00 --> 00:26:12 | small little incremental wins and successes help mend that doesn't completely wipe it away. But it helps restore at least the proper mindset and it encourages |
| 143 | 00:26:12 --> 00:26:24 | you. How many of you would have been encouraged if you would have made over $1,600 in one week, trading a very small number of contracts. He did one trade |
| 144 | 00:26:24 --> 00:26:34 | that I'm aware of that he did two contracts on. But every other trade has been one contract of a mini nano micro. He was adamant he doesn't want to do the |
| 145 | 00:26:34 --> 00:26:42 | micro, he just I want to do this that I want to I want to make the $20 per point. I don't want to trade the $50 per point. Yes, because he thought that es |
| 146 | 00:26:42 --> 00:26:52 | $50 would be more scarier, it's not it's actually a smoother, slower delivery. I wanted him to be an ES. But I allowed him like I allow you as your mentor, to |
| 147 | 00:26:52 --> 00:27:02 | bring his own personality into it. Because you can't press everyone, even my son, you can't press everyone into a mold and make everybody come out like a |
| 148 | 00:27:02 --> 00:27:09 | cookie cutter result. It doesn't work that way, folks, it does not work that way. And if you believe these pieces of shit online that tell you that they can |
| 149 | 00:27:09 --> 00:27:20 | take everybody and turn them into the same thing like a robot repeating over and over again, same bullshit, their results don't speak that. They don't even have |
| 150 | 00:27:20 --> 00:27:29 | profitable students that are consistently making money. I had students leave my stuff, go somewhere else in clownery make all kinds of videos say they're going |
| 151 | 00:27:29 --> 00:27:37 | to do all that we're making so much money now. And they deleted everything because they've shipped the bed. You can talk the game, you can talk all that |
| 152 | 00:27:37 --> 00:27:46 | shit. In the beginning, you're going to talk all that shit, I'm going to make a lot of money with ICTs concepts. I'm going to quit my job at this date. And then |
| 153 | 00:27:46 --> 00:27:57 | when you start trying to learn it, it's like oh, shit, what's going on here? You You're rushing it, you're trying to burn those candlesticks too fast. And you're |
| 154 | 00:27:57 --> 00:28:09 | counting the grains of sand thinking you're running out of time, you have to learn it by this time or else you're trying to master it. You won't master it. |
| 155 | 00:28:11 --> 00:28:27 | You're never going to master the market, you're never going to I'm not a master of the market. I'll say that again. I am not a master of the market. I can only |
| 156 | 00:28:27 --> 00:28:37 | master myself periodically because sometimes the human element in me creeps in. I'll be mad, I'll be this new discouraged about something that's going on my |
| 157 | 00:28:37 --> 00:28:47 | personal life. I'll be distracted. I won't be in front of my charts when I should have been. I look at news and I think to myself, Okay, it would have been |
| 158 | 00:28:47 --> 00:28:56 | great to be in that. I'm not beating myself up about it. But I'm recognizing that that's a character flaw. I'm human, you're gonna have all those same |
| 159 | 00:28:56 --> 00:29:05 | things. But here's the worst part about it all for you. You don't have to make money yet. But you feel rushed to do it. You got to keep up with the Joneses. |
| 160 | 00:29:05 --> 00:29:16 | You got to do everything else. And that's what my son wanted to do right away. You want to jump out there and be ICT Jr. showed the trolls what's what. And |
| 161 | 00:29:16 --> 00:29:26 | found out that it's not easy being mean. It's not easy, just going out there and taking some videos, taking some logic. Just heard from the lips, man it's been |
| 162 | 00:29:26 --> 00:29:38 | doing for 30 years. And thinking that you can just walk out and do the same thing. It doesn't work like that. It's harder. But he has to take that 15 minute |
| 163 | 00:29:39 --> 00:29:50 | or 60 minute chart and derive a draw on liquidity where he thinks the marks gonna draw to and as long as it hasn't traded down to it. If it trades to at one |
| 164 | 00:29:50 --> 00:29:58 | time he's done. He can't use it. He can't use that framework. He has to wait another day or trade something else or wait till the afternoon so he doesn't |
| 165 | 00:29:58 --> 00:30:06 | have a specific time. Like he's not always operating in 10 o'clock till nine o'clock he'll he'll trade when he sees that that liquidity is presently a draw. |
| 166 | 00:30:07 --> 00:30:18 | And if he wants to be in front of the charts 30 seconds allows him to take that 1010 1010 handle run 10/32 chart is doing 10 handles all over the place instead |
| 167 | 00:30:18 --> 00:30:26 | of one hour, which is why I've always laughed at these fucking clowns. Like I could do their whole fucking month, their whole month, I can make their whole |
| 168 | 00:30:26 --> 00:30:36 | fucking month with real money account, I could do that in 60 fucking minutes, I will lap their ass. That's why they talk bullshit. They ain't done shit but talk |
| 169 | 00:30:36 --> 00:30:50 | shit. But you don't need to have your talk your take profit or your draw on liquidity reach to for the model to work, you need to have an understanding of |
| 170 | 00:30:50 --> 00:31:01 | where the market is likely to reach to. Let me think of it like this. You're going to trade you've been in a trade, you've taken a trade, you tried to do |
| 171 | 00:31:01 --> 00:31:09 | combine, you did it with real money account or you did it with demo. And you put the trade on. And you know, you don't want to see it go to a specific price |
| 172 | 00:31:09 --> 00:31:15 | point, it may not be a stoploss you actually put in there because you're afraid to put a stop loss and because that confirms and solidified, you were wrong. |
| 173 | 00:31:15 --> 00:31:24 | Instead of saying this is where I'm wrong. And I don't want to lose any more than this. That's the proper mindset about using a stop loss. Because you want |
| 174 | 00:31:24 --> 00:31:33 | to be right, you can't accept the fact that you're potentially wrong. If I was 100%, accurate all the time, every single time I knew there was no chance for |
| 175 | 00:31:33 --> 00:31:44 | any manual intervention ever stepped in there. I would never use a stoploss Why would I need one? I'd be right all the time, right. But having a stoploss is a |
| 176 | 00:31:44 --> 00:31:53 | testimony to you respecting the risk which is required. In the beginning, you don't respect the risk, you concern yourself with the risk of being right or |
| 177 | 00:31:53 --> 00:32:05 | wrong. That's that's the limitations that you place on yourself in terms of mitigating anything in terms of risk, the risk of you taking a loss for the sake |
| 178 | 00:32:05 --> 00:32:15 | of doing it wrong, not for the basis of You only took this much as a loss in monetary sense. And there's a paradigm shift that has to take place. And I'm |
| 179 | 00:32:15 --> 00:32:27 | teaching him how to do it the only way I know how to teach it. Whereas you have to frame a 15 minute for 60 minute strong liquidity where the markets likely to |
| 180 | 00:32:27 --> 00:32:38 | go. And then on a one minute or five minute chart, if you're bearish. There has to be some run above a five minute swing high, even while it's been going down, |
| 181 | 00:32:40 --> 00:32:51 | has to go up above it and start trading lower again. Then, once it does that, you can drop down into a 32nd chart and take a five I'm sorry, take a 32nd for |
| 182 | 00:32:51 --> 00:33:04 | Vega. Because the damage has been done on the five minute chart, the nonstop run on a swing high in a one minute chart. See that's what a high frequency trading |
| 183 | 00:33:04 --> 00:33:11 | algorithm is doing. So you don't fucking know that because these clowns have to ever talk to talking about algorithms. These want to be quants, you might talk |
| 184 | 00:33:11 --> 00:33:21 | about all kinds of shit call things quant you may say your shits algorithmic if it's retail. But every fucking high frequency trading algorithm, every single |
| 185 | 00:33:21 --> 00:33:34 | one of them has to have a disruption in order flow before they will institute a new order. That means they cannot go short until it goes up. That's the go up. |
| 186 | 00:33:36 --> 00:33:46 | Why do you think I taught you discount premium? Because I am algorithmic Enigma is fucking talking to you. It's not a yin and yang fucking symbol on some |
| 187 | 00:33:46 --> 00:33:59 | bullshit. The market has to go up purge some measure of liquidity. If the market does, I don't give a fuck what market is. |
| 188 | 00:34:00 --> 00:34:09 | But if you're bearish, and when five minute or one minute chart, if a swing high, a short term swing high, when at five or one minute chart is taken out by |
| 189 | 00:34:09 --> 00:34:22 | one tick. And it trades lower. As soon as it trades lower. When what timeframe are you talking about whatever timeframe that liquidity was taken on. If you see |
| 190 | 00:34:22 --> 00:34:28 | the swing high on the five minute chart, it has been pierced by one tick is all it takes. It doesn't need to fucking close above it. It doesn't need to have a |
| 191 | 00:34:28 --> 00:34:40 | certain measure of handles above it one tick. Once it does that, that's a disruption. That's in disruption in order flow. That's it that starts the sell |
| 192 | 00:34:40 --> 00:34:50 | program. Then on a lower timeframe, it can be a five fucking second chart. It could be a one second chart. It doesn't matter but I gave him a 32nd chart |
| 193 | 00:34:51 --> 00:35:03 | because it's easy to get in there and take a fair bit of a gap after that disruption in order flow. Knowing The market will gravitate towards that |
| 194 | 00:35:03 --> 00:35:12 | liquidity. We need not see it trade to it. Now some of you that are familiar with Watson lower timeframes and had been with you for a while your fucking |
| 195 | 00:35:12 --> 00:35:19 | gears are turning right now you're like, holy shit. I can see this and I'm not even looking at the fucking chart. I can understand exactly what he's saying |
| 196 | 00:35:19 --> 00:35:37 | right now. His juices are flowing on. Yeah, yes, yes, yes. It's there every day. Every hour. Every 15 fucking minutes. It's there. So forget the 90 seconds or 90 |
| 197 | 00:35:37 --> 00:35:47 | minute fucking bullshit. It's every 15 minutes. It's there. I literally could sit there all day long trade just intraday volatility just doing what I just |
| 198 | 00:35:47 --> 00:35:58 | told you. And mop the fucking floor with all these fucking people out there talking shit. selling shit robots and stuff. It's dumb. It's dumb. You don't |
| 199 | 00:35:58 --> 00:36:10 | need all that stuff. As soon as you take the very first fair value gap on the 32nd chart after that, one minute or five minute disruption, order flow. That |
| 200 | 00:36:10 --> 00:36:18 | stopped that run in that timeframe. Starts to trade lower the very next candle when it starts to trade down. Okay, you drop down to the 32nd chart. And you |
| 201 | 00:36:18 --> 00:36:34 | wait for that little 32nd retracement cuz it's gonna happen. And you look and see where your 10 handles would be. placed your limit order. Put your stop loss |
| 202 | 00:36:34 --> 00:36:48 | in, he risks 12 handles, he's willing to take 12 handles as a hit. To take 10 out. What the fuck did he just say? He just said he's using a negative are? Yes. |
| 203 | 00:36:48 --> 00:36:59 | Because your reward to risk model bullshit is a myth. It's a fucking myth. You don't even trade with it. You want to talk about sell your courses. And these |
| 204 | 00:36:59 --> 00:37:06 | people write these fucking books. But they're not trading with these fucking things in mind. Every person has ever come out there and said this shit. give it |
| 205 | 00:37:06 --> 00:37:12 | enough time. They basically come clean and say, Well, you know, it's theoretical, that if you did this, you can get 20 to one. It's theoretical. You |
| 206 | 00:37:12 --> 00:37:26 | can get 200 to one, but they haven't really done it themselves. But hey, theory cells, right? You don't need to have a fucking 321 a two to one or a one to one. |
| 207 | 00:37:28 --> 00:37:36 | If you have a high strike rate, what's a high strike rate? What I just told you? How many times do I tell you something before it happens? And it happens? It's |
| 208 | 00:37:36 --> 00:37:49 | real logic. Nobody gets lucky like this, folks. That doesn't happen. Luck doesn't exist here. Is statistical probabilities rooted in real algorithmic |
| 209 | 00:37:49 --> 00:37:59 | price delivery, not retail logic trying to decipher something that has absolutely no basis on harmonic animal patterns. Elliott Wave horseshit supply |
| 210 | 00:37:59 --> 00:38:09 | and demand horseshit has nothing to do with it has nothing to do with it. This stuff is predetermined it's running on a script, period. That's all it's doing. |
| 211 | 00:38:09 --> 00:38:19 | It's time based. And you're complicating it worrying about dumb shit. Oh, it's dropped down. I can't sell short down here. It's been going down. Why the fuck |
| 212 | 00:38:19 --> 00:38:27 | not? It's going somewhere. It's going down to South Poun Okay, below the old low below the relative equal lows. It's got something down here. He wants to visit |
| 213 | 00:38:27 --> 00:38:41 | it's warmer in the South. It wants to get down there it needs some sun can't do it. Can't do it. Man. It's already gone down. 100 Fucking handles. I can't |
| 214 | 00:38:41 --> 00:38:54 | imagine it going down 3555 More where it should fucking go where the liquidity is resting below the lows. Why would it want to do that? Yeah, I can see why |
| 215 | 00:38:54 --> 00:39:02 | everybody would think that way because that's what all the bullshit artists talk about. The books. The people that don't fucking trade. They sell you all that |
| 216 | 00:39:02 --> 00:39:13 | stuff like timeshares makes it sound like it's a wonderful thing to get it and you wish you could get out of it. You can't that has hurt somebody's feelings |
| 217 | 00:39:13 --> 00:39:25 | stuck. He just knew I wasted money on a timeshare. So once he gets his 10 handles, he's done. But what is he doing after he gets out? He's watching it |
| 218 | 00:39:25 --> 00:39:43 | still go towards that level. So what is it teaching him? What's the teaching them? Discipline, Cookie reward? Yeah. This is how you follow a rule based idea. |
| 219 | 00:39:44 --> 00:39:55 | You go in very, very carefully. Do a little bit at a time. You don't need to get into a trade right now to make three times what you're risking. And do that as |
| 220 | 00:39:55 --> 00:40:04 | Oh, this is the only way to do it. Because right now, if you're honest with yourself If you and I were in a conversation, it was just you and I. Nobody |
| 221 | 00:40:04 --> 00:40:14 | could hear it wasn't recorded. I gave him my skeleton us promise that there was no way I was gonna talk about who you are and what we talked about. And I asked |
| 222 | 00:40:14 --> 00:40:28 | you right now, you have extraordinary results as a goal, and you won't accept anything less, right. And at first, they might look at me perplexed, like, No, I |
| 223 | 00:40:28 --> 00:40:42 | just want to make money. And then you want to be next to flawless. Hardly ever, if ever, taking a loss, never putting your stop loss in the wrong place. And |
| 224 | 00:40:42 --> 00:40:56 | you're wanting to find a way to get to that point, because you see me doing that many times. And you think that that just happens overnight? No. Now you conquer |
| 225 | 00:40:56 --> 00:41:07 | that bullshit thinking, that toxic way of internalizing your potential or progress in this by going in and taking incremental movements towards a goal |
| 226 | 00:41:07 --> 00:41:17 | that's larger. My son's not going to be a 10 handle trader risking 12 handles. That's not what he's going to be. My son is going to be taking down the whole |
| 227 | 00:41:17 --> 00:41:31 | fucking daily range from high to low. That's what he's going to be doing. But he can't learn that. Just going out there. And just trying to do it from the |
| 228 | 00:41:31 --> 00:41:40 | beginning. You have to grow. You got to become confident after you have had your confidence. been kicked in the nuts. Basically, that's what he's done with his |
| 229 | 00:41:40 --> 00:41:50 | combine. He tried to do with ignorance, thinking it's going to be like a video game. This is not a fucking video game. It's not a video game. And any fucking |
| 230 | 00:41:50 --> 00:42:00 | clown that says that. Show the testimonials from your students. Not the one that just found some Market Replay horseshit this week. Where are they at? The last |
| 231 | 00:42:00 --> 00:42:18 | year? Where's their withdrawals? Where's their profits? I'm producing monsters. I'm producing fucking machines, terminators, motherfuckers. That's going to be |
| 232 | 00:42:18 --> 00:42:29 | here long after I'm gone. Making money doing it their own fucking way. And not giving a shit when anybody else says about what it is they learned. Because they |
| 233 | 00:42:29 --> 00:42:41 | went through the process of doing it correctly. See Cameron had a goal he wanted to be out there about this time, by the end of year parading around peacock and |
| 234 | 00:42:42 --> 00:42:52 | look at I did look at this. And he had a hit list of all the youtubers he's gonna go into your comment section do all this bullshit. Funny. Bigger, humble, |
| 235 | 00:42:52 --> 00:43:00 | that's okay. It's good for him. It's actually good for him. Because it slows him down. Now he respects what it is he's trying to learn, because he didn't have |
| 236 | 00:43:00 --> 00:43:16 | the respect for the risk. And now he processed the he would be requested rather. I don't know if he got it yet. I guess you have to tell me when he wakes up. But |
| 237 | 00:43:16 --> 00:43:29 | he asked for a $740 payout. So he said that they would only give him 50% Of what he had already earned. So I guess at the time when he was requesting it before |
| 238 | 00:43:30 --> 00:43:43 | he made the other 200 and some dollars on Friday work, that'd be like 740 bucks. He needs to see that he needs to see it in his hands. And when that happens, |
| 239 | 00:43:44 --> 00:43:57 | it'll solidify it because, again, 740 hours is literally fucking nothing. It's nothing. They won't even buy one tire from my fucking cars. So it's minuscule |
| 240 | 00:43:57 --> 00:44:02 | amount of money. But for an 18 year old. That doesn't even net that after taxes in a week. |
| 241 | 00:44:03 --> 00:44:16 | That's the whole new world to him. For some of you, if you just did that, not the 1600 hours. If you just made 700 hours a week. What would that do for you? |
| 242 | 00:44:17 --> 00:44:30 | So you don't think that way? Do you don't think? What if I just made 100 hours a day? And you started there and you built up your confidence? Are you |
| 243 | 00:44:30 --> 00:44:40 | consistently made able to make a very small amount of money that's easily, easily, easily reached. It's a low hanging fruit objective. That's what I wanted |
| 244 | 00:44:40 --> 00:44:48 | to present to him. I said look 10 handles is easy. You can do this all day long. Once you get good at it. Like you can literally go up and down up and down all |
| 245 | 00:44:48 --> 00:44:58 | day long and really destroy it. But you can't do that without knowing yourself. How you're going to think how you're gonna feel and the only way I could do this |
| 246 | 00:44:58 --> 00:45:05 | with him was to Teach them how to focus on a drawn liquidity that is highly probable that means it's on an hourly or 50 minute time frame that has not been |
| 247 | 00:45:05 --> 00:45:16 | traded to. How do you know when not to take the trade dead? Did it trade to that liquidity pool on an hourly or 15 minute chart that you maybe would have looked |
| 248 | 00:45:16 --> 00:45:26 | at? Or had in mind? It has, you're done for the day for that mark? You can't trade it. How about that for fucking logic? How about that for fucking mindset, |
| 249 | 00:45:26 --> 00:45:34 | not worrying about or fearing missing out on the move. There's nothing to fucking worry about. And this ain't even a complete fucking model. It's |
| 250 | 00:45:34 --> 00:45:49 | incomplete, incomplete, and it's beating the fucking s out of 90% of the shit that you see on YouTube. Because it's rooted in sound logic, you have to have |
| 251 | 00:45:49 --> 00:45:57 | common fucking sense, folks. You can't go out there thinking I'm gonna swing for the fences, like he was trying to do. He was literally doing fucking 15 |
| 252 | 00:45:57 --> 00:45:59 | contracts because they allowed it |
| 253 | 00:46:04 --> 00:46:14 | didn't know better, or he fucking knows better now and dandy. And now what he was trying to do. He's put that aside. He knows it's possible now because of |
| 254 | 00:46:14 --> 00:46:27 | what he's done with just doing 200 hours a day, with one single 90% of the time trades. One single mini contract. And he's doing far better than he would do at |
| 255 | 00:46:27 --> 00:46:42 | his job. And did do better than both of his jobs. That's an encouragement. In the right mindset he has right now. I'm so proud of. I'm proud of that. And |
| 256 | 00:46:42 --> 00:46:48 | that's what I try to encourage I don't try to encourage you to go out there and try to swing for the fences and have Lambu lifestyle overnight. That's the it's |
| 257 | 00:46:48 --> 00:46:58 | not practical. That's not fucking practical. Okay. I'm sorry if that hurts your fucking feelings. But I'm not ever saying that you can't get there. But just |
| 258 | 00:46:58 --> 00:47:06 | going to take your time to get there. And you can't be worrying about trying to rush through it burning the candle sticks trying to do more of the unnecessary |
| 259 | 00:47:06 --> 00:47:14 | shit. Worrying about what that person did. How did they make that money? Fuck their money. Fuck what I made, who gives a shit? Who gives a fuck what Cameron's |
| 260 | 00:47:14 --> 00:47:25 | making? Who cares? You can't spend it. Be inspired by it. Listen to that. But don't go on the charts and waste your time trying to figure this guy this gal |
| 261 | 00:47:25 --> 00:47:31 | this person has a video this person posted this on their social media. This is what they did. Let me see if I can go and figure out what they did you wasting |
| 262 | 00:47:31 --> 00:47:37 | your fucking time. You can't even do anything with that information you can't do shit. Don't think it's going to do is cause you doubt about what it is you're |
| 263 | 00:47:37 --> 00:47:47 | trying to learn. And other people are fucking smashing it. Because they don't give a fuck what anybody else is doing. They're minding their own business. And |
| 264 | 00:47:47 --> 00:47:55 | that's exactly what Cameron started doing. minding his own damn business. Instead of getting out there and trying to defend daddy. Daddy is a fucking |
| 265 | 00:47:55 --> 00:48:05 | lion. Just turn me the fuck loose, and I will eat these motherfuckers straight up. I'm out here begging for it. Quick |
| 266 | 00:48:10 --> 00:48:24 | 32nd timeframe offers so many opportunities to take 10 handles out. Why 12? Why 12 handles for a stop? Well look at a 32nd chart. Look at the price delivery |
| 267 | 00:48:24 --> 00:48:38 | unless we're having an extrapolation in one direction or the other. You'll see that 10 handles is about the maximum a very small little fluctuation would occur |
| 268 | 00:48:39 --> 00:48:50 | 12 does put you two handles outside of that. What happens when ICT son takes a loss he stops trading for the day. Because he can't trade less than one |
| 269 | 00:48:50 --> 00:49:00 | contract. Right? And that having him go in with five micros to be sizing that No, he just fucking stops. He needs to know what it feels like to sit in a |
| 270 | 00:49:00 --> 00:49:08 | losing net last day. And it's okay. It's not cancer. It's not terminal, it doesn't mean your model is fucking done and over with it doesn't mean that you |
| 271 | 00:49:08 --> 00:49:19 | fail as a trader, it just means that you had a transactional cost, and now you paid the tax. That's the tax. Okay? That's the fair to ride on this fucking |
| 272 | 00:49:19 --> 00:49:28 | ride. Eventually, you're gonna have to pay it. And some people want to pay more than what's required like taxes, stupid, and financially illiterate people pay |
| 273 | 00:49:28 --> 00:49:37 | more income taxes and they are fucking supposed to. You're only obligated to pay what your legal obligation is. And some of you don't even want to take the time |
| 274 | 00:49:37 --> 00:49:45 | to look into what it is that you can save money on and that because you're financially illiterate, because the schools you went to taught you to be that |
| 275 | 00:49:45 --> 00:49:56 | way. I wasn't pushing my fucking boot and my kids asses, making them work fucking jobs so they can taste the bullshit that this world wants to feed you. |
| 276 | 00:49:58 --> 00:50:07 | They won't want to work to do what I do, they won't want to learn how to do this, they have to be put in situations. Otherwise, they'll have a silver spoon |
| 277 | 00:50:07 --> 00:50:21 | up their ass and think everything's owed to them, it is not owed to them. Whatever I've made is owed to nobody else. My kids are not exempt from that. And |
| 278 | 00:50:21 --> 00:50:31 | the best thing you can do if you have children is to do the same thing. It builds character, it teaches them to be adults. And in trading, many young |
| 279 | 00:50:31 --> 00:50:45 | people and man child syndrome kicks in and they're not really fully equipped to be a trader. Having a good model in their hands won't work, doesn't mean the |
| 280 | 00:50:45 --> 00:50:56 | model is bad, or not effective. This means that they are incapable of doing it. I got nine minutes to finish this up. And I have so many other points, I want to |
| 281 | 00:50:56 --> 00:51:12 | make the impossible task of counting the grains of sand knowing I only got nine minutes left. But I don't think that many of you even really appreciate what I'm |
| 282 | 00:51:12 --> 00:51:23 | saying today, because the model is not complete. He's only working on one part of it. And even in that he's doing fucking far better than he ever imagined he |
| 283 | 00:51:23 --> 00:51:32 | would be doing. For some of you, if you were just doing what he's doing right now, that's success. And you're a part of the world where money is different. |
| 284 | 00:51:32 --> 00:51:39 | And things cost differently where you're at, you would be living very, very comfortably if you could do what he's doing. Consistently, if you're able to do |
| 285 | 00:51:39 --> 00:51:53 | that, you would be very happy. You wouldn't need to have Lambo lifestyle, dreams and wishes to see that would be deemed as successful. He'd be content, you would |
| 286 | 00:51:53 --> 00:52:03 | feel like you arrived, it would feel like you put the work in and therefore, now you're seeing the results. And you're thankful that you stuck with it. You |
| 287 | 00:52:03 --> 00:52:13 | studied instead of worrying about trying to take negative stimuli or negative opinions about other people telling you what you should or shouldn't do, and |
| 288 | 00:52:13 --> 00:52:21 | they have nothing to bring to you, that would be better. They don't have a testimonial of a large group of people that are using the shit that they try to |
| 289 | 00:52:21 --> 00:52:30 | sell with fucking discount codes. There's no consistently profitable fucking students. There's always hit and miss. There's always flash in the pan. I have |
| 290 | 00:52:30 --> 00:52:47 | people that are doing this now for years. Not making $740 withdrawals. Six Figure withdrawals. There's no fucking comparison. But those individuals did all |
| 291 | 00:52:47 --> 00:52:56 | the work to get to that point. My son wants to do more than any of you. He wants to do more than me, and I want to see it happen. I'm here for it. I want to make |
| 292 | 00:52:56 --> 00:53:08 | him bigger and badder, and fucking just a ruthless motherfucker. I want that. But I know the frailties of the human mind. Because he's now got scar tissue, he |
| 293 | 00:53:08 --> 00:53:22 | done something that he wasn't told to do. He went against my advice. recklessly, did whatever, you know, whatever he wanted to do. And his ego and his pride was |
| 294 | 00:53:22 --> 00:53:35 | hurt. So the only way to build that back up is to show incremental cookie rewards. We have puppies right now. And we're training them when we have these |
| 295 | 00:53:35 --> 00:53:41 | little training treats we keep in our pockets. So if they do something we wanted to do in the time we tell them to do it. We treat them right then and there. |
| 296 | 00:53:41 --> 00:53:56 | It's a constant reward thing for a puppy to be taught properly. A human body and a mind needs that same thing. In the beginning, when you don't have experience, |
| 297 | 00:53:57 --> 00:54:05 | you don't want to be going out there pressing the button like my son did and fail and then feel grief about it. Learning how to trade with a real account. |
| 298 | 00:54:05 --> 00:54:13 | Whether it be a large amount of money or a small amount of money is the absolute asinine fucking way to do this because you're literally encouraging fear. You're |
| 299 | 00:54:13 --> 00:54:27 | encouraging uncertainty that paralyzes you. Because you're making it a scoreboard of I lost money. No matter how much money it is. When you have that, |
| 300 | 00:54:27 --> 00:54:38 | it's real hard to get motivated. So when I teach, I teach with a demo, and I teach how to go through that testing and collecting experiences where the market |
| 301 | 00:54:38 --> 00:54:46 | has done the very things I've taught, and I give you the benefit of knowing what I think's going to happen beforehand, so that way it holds you to an expectation |
| 302 | 00:54:46 --> 00:54:53 | in the marketplace. Does the market go higher when he says it goes higher? Does it respect those levels he's referring to does it trade to those pools of |
| 303 | 00:54:53 --> 00:55:06 | liquidity? Are you going back through the charts and looking for the things I teach? Is it in there, is it happening? don't require my own trades to be the |
| 304 | 00:55:06 --> 00:55:20 | only testimonial if you do that you're failing. Cameron's not even journaling. He can't do that right now. What do you just say? You heard what the fuck I |
| 305 | 00:55:20 --> 00:55:33 | said, he needs to have his pride restored, he's hurt. So the only way and this is the best thing I could come up with was give him something where, yes, these |
| 306 | 00:55:33 --> 00:55:45 | approaches, if he just would let the trade run, he could be making 3040 60 100 Fucking handles. He could be doing that. But he doesn't have the patience to |
| 307 | 00:55:45 --> 00:55:53 | hold on to it because he's afraid it's going to turn around on him. He's afraid of that. And the only way you get over that fear is doing this. I wish I can |
| 308 | 00:55:53 --> 00:56:02 | learn how to hold a trade. I've been in so many trades, if I just would have held on to it went to my target. How do I fix that ICT. You take incremental |
| 309 | 00:56:02 --> 00:56:11 | exits, and you hold yourself to the fact that this is what my trade was, and I'm feeling discomfort. Soon as you feel the discomfort, close it and then watch the |
| 310 | 00:56:11 --> 00:56:18 | trade pan out. Or if it goes through where your stop loss would have been. You're thankful it didn't lose. But if it goes in your direction, you log it and |
| 311 | 00:56:18 --> 00:56:29 | you cheerlead yourself. And the next time you feel that uncomfortable point, and you want to get out the trade, wait two minutes. Not one, two, literally, two |
| 312 | 00:56:29 --> 00:56:38 | minutes. And then if you still feel uncomfortable, close the trade again. Then login. If it goes to where your stock was, You did the right thing. If it goes a |
| 313 | 00:56:38 --> 00:56:45 | little bit further, guess what, just like repetitions with like weight training, you're adding a plate, you're adding one more reputation, repetition, and you're |
| 314 | 00:56:45 --> 00:56:56 | holding to failure. You're fighting the negatives, that's where growth happens. You can't just tap out as soon as you feel it all the time. You have to press |
| 315 | 00:56:56 --> 00:57:04 | into that uncertainty. And you do that over time. And I'm sorry, but a 40 day fucking trainer. 120 day trainer, or one month fucking boot camp a one week |
| 316 | 00:57:04 --> 00:57:11 | fucking Crash Course. Ain't gonna fucking teach you that, folks. It's not going to fucking do it. I'm telling you, it ain't gonna do it. I got a million fucking |
| 317 | 00:57:11 --> 00:57:25 | boxes says it ain't gonna find some I gotta do that make a million dollars ain't gonna happen. Ain't gonna fucking happen. But I'm making millionaires holla What |
| 318 | 00:57:25 --> 00:57:39 | did they pay for their time, sweat, stress, they had to go through the mill with ICT. And it's hard here. Only the strong survive the week get chewed up and spat |
| 319 | 00:57:39 --> 00:57:56 | out. Come next March, I suspect based on what he's doing, and what he's telling me in terms of his perspective and what he feels somebody thinks he's not in a |
| 320 | 00:57:56 --> 00:58:06 | rush to get anywhere. So I'm thinking he'll probably be able to do like 20 to 30 handle runs when he does his trades. And this is a matter of this filtering the |
| 321 | 00:58:06 --> 00:58:07 | trades that allow for that. |
| 322 | 00:58:10 --> 00:58:18 | Meaning if the trade has still room to move that much, if everything I just gave you in terms of the parameters, if they're in play, you just got to hold this |
| 323 | 00:58:18 --> 00:58:30 | rate. What are you afraid of? Like, you know, I try to encourage that guy, Patrick Whelan. Like he sometimes he has trades on. And I wish he would just |
| 324 | 00:58:30 --> 00:58:38 | like I would never tell him in his live stream. Don't. Don't close it. With I wouldn't do that because it's rude. But many times I'm doing I'm like, Don't |
| 325 | 00:58:38 --> 00:58:45 | Don't Don't close it. Don't close it. And then it just keeps on running and running and running and running. And you can see he's like, What the fuck What |
| 326 | 00:58:45 --> 00:58:55 | the fuck? He's a wonderful person to watch because that's the thing that everybody won't talk about. That's the part you're trying to hide from your |
| 327 | 00:58:55 --> 00:59:06 | development. You don't want to go through that. He's doing it in front of everybody. It's entertaining. Yes. He fell out. So I fucking cuss to your human. |
| 328 | 00:59:07 --> 00:59:13 | Okay, and you get a priest in a situation hard enough pressing enough. They're gonna drop the F bomb too. They feel enough pain you're going to deal with okay? |
| 329 | 00:59:13 --> 00:59:29 | My words are not going to do anything to anyone. When you give them the energy, the power that's when they hurt you holding on to a trade and I'll say this in |
| 330 | 00:59:29 --> 00:59:42 | closing. The way you hold on to a trade is you have to be content with alright, I locked in something. This is a good fucking day. I got 1500 hours locked in on |
| 331 | 00:59:42 --> 00:59:55 | this trade. I'm aiming for 20,000 hours I got a fucking full pool on 10 lOn. I know it's likely to go 100 handles. I know it's likely go down there. But I'm |
| 332 | 00:59:55 --> 01:00:08 | going to wrestle my fucking greed because I feel like I I have to take this $2,700 trade off. That's fluctuating here and there above 3000. In you know, you |
| 333 | 01:00:08 --> 01:00:21 | know, in your fucking heart that if you just let this fucking thing go six and a half hours from now it's going to be 100 plus handles but you're wrestling with, |
| 334 | 01:00:21 --> 01:00:32 | but what if it isn't, and I don't take the $2,700 off, or it stops me out at $1,500 and I could have took the 2700 hours. That's asked backwards thinking |
| 335 | 01:00:32 --> 01:00:42 | folks that's fuckin ass backwards. You're all talking about how you want to have these high multiple our trades, but you don't want to do the work to hold on to |
| 336 | 01:00:42 --> 01:00:50 | to get them all these clowns out there that sell these courses and talk their high multiple bullshit. You do not see them taking they will be billionaires. |
| 337 | 01:00:52 --> 01:01:05 | Why are they still selling fucking courses? Where's their fucking yachts? They're not doing it folks. They're not doing it. Period. Common fucking sense. |
| 338 | 01:01:05 --> 01:01:16 | Use it. I teach from a practical stance, I come to you with no fucking Glitz. Now tell you exactly the way it's supposed to be, I tell you, it's gonna be hard |
| 339 | 01:01:16 --> 01:01:23 | I tell you is gonna take you longer than you want it to be, I tell you that people are going to make fun of you. Because, you know, it's going to fly in the |
| 340 | 01:01:23 --> 01:01:36 | face of everybody else's logic. But the testimonials, just keep coming in. That's undeniable. And you're in the waiting, you're, you're on deck, you're |
| 341 | 01:01:36 --> 01:01:49 | next. You're the fucking next success story. But you're holding it up. You got to get out of your own way. You have to get out of your own way. I'm doing |
| 342 | 01:01:49 --> 01:01:58 | everything I possibly can folks, except for take your fucking trades, okay, I'm doing everything I possibly can. But you have to listen to these discussions, |
| 343 | 01:01:58 --> 01:02:04 | you have to listen to this. Because these are the things that's going to put all those things together for you as a trader, whether it's my shit that you're |
| 344 | 01:02:04 --> 01:02:13 | going to use as a technical aspect, or somebody else's dumbshit. Bottom line is it can be used as a catalyst to make a decision. That's all we're doing. We're |
| 345 | 01:02:13 --> 01:02:21 | using some kind of stimuli to make a decision to act to move to do something or push the fucking button, do something. And then manage risk throughout the |
| 346 | 01:02:21 --> 01:02:30 | process. The only thing that separates me from everybody else is everybody else is holding on to a religion about an idea in an indicator based idea or |
| 347 | 01:02:30 --> 01:02:40 | something that's bullshit that has no basis on my price is gonna go up and down. I give you the best of the best, practical real world experience 30 years |
| 348 | 01:02:40 --> 01:02:52 | experience at telling you what the fuck these markets gonna do authorship all throughout. You have the highest one technical science and the most practical |
| 349 | 01:02:52 --> 01:03:03 | sense of using what it is that we should be doing as a risk manager. I'm not telling you to go out there and trade with 15 contracts. I'm telling you use one |
| 350 | 01:03:03 --> 01:03:18 | contract. Look what my son was able to do with one fucking week. One week and he's not even hitting fucking doubles. He's his baton singles, getting up there, |
| 351 | 01:03:19 --> 01:03:28 | getting his time handles boom. Sometimes he's been spooked out of the trade, and he has to go back in and get that last $50. That's where he's working on now. |
| 352 | 01:03:29 --> 01:03:36 | But he's getting his two on a buck and bucks. He's getting his fucking pound of flesh. He's getting his meat. He's still in his fucking belly. But guess what, |
| 353 | 01:03:36 --> 01:03:45 | that cub? That little symbol he is right now. Mr. Potter is gonna be Mufasa soon. And he's gonna stand up. He's gonna run through these fucking people on |
| 354 | 01:03:45 --> 01:03:56 | his internet, and he's gonna run through and chew their asses up. That's who's coming. And I'm fucking there for it. I'm gonna get him every fucking weapon I |
| 355 | 01:03:56 --> 01:04:05 | have because I'm gonna sit back and I'm gonna pop the popcorn and I'm gonna watch him devour all you should talk a little pissy fucks it don't ever want to |
| 356 | 01:04:05 --> 01:04:12 | do anything talk all their bullshit make up these dumb ass fucking movies. He's fucking documentaries. Fuck your documentary. Why aren't you in the fucking |
| 357 | 01:04:12 --> 01:04:20 | Robins cup motherfucker. You didn't fucking join? Let's go I could still beat your ass before the end of the year. I can still do it any Come on, baby. Let me |
| 358 | 01:04:20 --> 01:04:31 | beat the shit out of your ass. I will fucking smoke you. But you're hiding. You suck in hiding little pitch. Bend the knee like I told Tom Dante you are a |
| 359 | 01:04:31 --> 01:04:48 | little bitch. My son can fucking out trade you now. Fuck off. Is it now Vinnie versus ICT son? I would do the trades then. I wouldn't do the trade just the |
| 360 | 01:04:48 --> 01:05:06 | fucking reticle your fucking is bitch. You'll take that challenge anyway, Don't waste your time trying to force too much in the beginning, looking for things |
| 361 | 01:05:06 --> 01:05:17 | that are unnecessary in the charts, focus on things that say to look for. And don't put a destination or an expiration, on your success. Because what you're |
| 362 | 01:05:17 --> 01:05:27 | going to discover is throughout the process, and that's my son right now he's in the earliest stages of real progress. And he's seen the fruits of it. Many of |
| 363 | 01:05:27 --> 01:05:36 | you are recording in your tweets and responses to me that you're encouraged by that. How do you think he feels? How do you think he feels laying his head down? |
| 364 | 01:05:36 --> 01:05:50 | Thinking I did more today than I did in PE working these 10 hours, because he's doing 10 hour days. 10 hour days driving the Pennsylvania with the crew he's |
| 365 | 01:05:50 --> 01:06:00 | with. And they pay money until it gets to his car. And then once he gets in his car, in his pay starts for the day. But he's spending a lot of time out there |
| 366 | 01:06:00 --> 01:06:09 | doing that stuff, getting all cut up, put his hands through these condensers. He's up and install all that stuff. He's doing a working class hero job, he |
| 367 | 01:06:09 --> 01:06:17 | doesn't have a spoon fed fucking lifestyle, where daddy's giving it to him because I have it. I wanted to be like that. But I mean, that doesn't work with |
| 368 | 01:06:17 --> 01:06:29 | my oldest boy. So I'm practical. I learned from the mistake, I've learned how to do a better job at this. I'm not a perfect father. But when it comes to money, |
| 369 | 01:06:31 --> 01:06:41 | give giving it to them, buying the stuff for them apart from a car, I think everybody should have car. But I don't just lavish them with money. Because I |
| 370 | 01:06:41 --> 01:06:49 | have it doesn't obligate them to receive it from me. They have to acquire it themselves. And once they have that skill set, they'll have greater self esteem |
| 371 | 01:06:49 --> 01:06:57 | for themselves, and their family they will create will be able to look up to them as a patriarch and say, I want to be like my dad. And I'm glad he didn't |
| 372 | 01:06:57 --> 01:07:08 | give it to me, he sent me a text yesterday said that. I want to thank you for not being easy on me. And it was upsetting to me. But it was a good upsetting. |
| 373 | 01:07:09 --> 01:07:20 | It was very touching. I shared it with my wife, I said, you know, I've been hard on him the last couple of months because he didn't listen to me. And I told him, |
| 374 | 01:07:20 --> 01:07:31 | I said you're going to do this, or you're going to walk this whole show on your own. That means you got everything you're gonna get from me. Like, you have to |
| 375 | 01:07:31 --> 01:07:41 | learn how to make your way in this world. You can't just accept the fact that you know, shits gonna be hard in a coffee shop job in it, and you're not going |
| 376 | 01:07:41 --> 01:07:53 | to college. So what are you going to do? I want to be an entrepreneur, I want to own my own business. Okay. In the meantime, what are you going to do? I tried, |
| 377 | 01:07:53 --> 01:08:04 | it's hard to, I know that my students complain about the same fucking way you are right now. It's hard. ICT. It's hard. They complain. You want to complain. |
| 378 | 01:08:06 --> 01:08:13 | It's normal. But instead of complaining, take that energy and directed into studying back testing, taking the the information, you see this already |
| 379 | 01:08:13 --> 01:08:21 | happened. Pull it out of the charts, record it. And it's there, you know, encourage you that it keeps repeating and over and over again. Now you're doing |
| 380 | 01:08:21 --> 01:08:30 | one little piece of something. You don't want eight of what's going to be a full model. And you're doing better than your fucking job with the least amount of |
| 381 | 01:08:30 --> 01:08:40 | leverage. How encouraging is that? You're not even given the full move. You're just getting in there getting 10 points of it. And then that's it. Oh, well |
| 382 | 01:08:40 --> 01:08:53 | done. Hit it and quit it done. Then you get to see was that a good move? For free? He doesn't stop you out what a loss. And he never moves his stop loss. |
| 383 | 01:08:53 --> 01:09:02 | How's that? Yes, doesn't need to. It's either going to run or it's not. If he hits a loss, he stopped in for the day. He's not going to go into major |
| 384 | 01:09:02 --> 01:09:15 | drawdown. These moves happen every single day like clockwork, every single fucking day. Don't believe me? set out to disapprove me. Do it. Spend that this |
| 385 | 01:09:15 --> 01:09:23 | week. Spend that this weekend, go through the charts and see if what I just fucking said is not absolutely the gospel in price delivery. It's happening. |
| 386 | 01:09:23 --> 01:09:33 | Okay, it's happening every fucking day. That's why I'm talking that's why I'm arrogant. That's why I walk around like I don't give a fuck what anybody says. I |
| 387 | 01:09:33 --> 01:09:42 | know I can outperform every motherfucker on this planet. I know I can now trade every fucking body. Every one more precise. More fucking money. Every fucking |
| 388 | 01:09:42 --> 01:09:50 | every skill set every KPI you want to set I will beat that shit unbelievably in front of everyone. I will do that. Why do I have to keep asking? |
| 389 | 01:09:56 --> 01:10:05 | Can you sit and write down all this evidence or why? on all this shit around you, people outside of my own family, different walks of life, and they're |
| 390 | 01:10:05 --> 01:10:08 | bringing the receipts and the results, they're doing it |
| 391 | 01:10:15 --> 01:10:28 | Why are you sitting on the fence, wasting your fucking time you're wasting it. There's no reason for you to waste any more time, get the work, start back |
| 392 | 01:10:28 --> 01:10:41 | testing, encourage yourself. Because even if you do half of what my son is doing, I promise you, you're doing better than 99% of everybody else in trading. |
| 393 | 01:10:43 --> 01:10:55 | And that's not an exaggeration at all, because most people can't even make any money. If you just need 800 hours a week, fuck it 400 hours a week. Most people |
| 394 | 01:10:55 --> 01:10:59 | can't consistently do that. They can't hold themselves to a process or a model. |
| 395 | 01:11:06 --> 01:11:16 | The only way you can do that is small little baby steps in the beginning, don't put an expiration date on your success, I have to have it by this time or it's a |
| 396 | 01:11:16 --> 01:11:30 | failure, don't have extraordinary results as the only acceptable result. That's what I was trying to do. Once I started seeing that can make money I set so high |
| 397 | 01:11:30 --> 01:11:41 | of a goal. It pushed me into blowing the accounts all the time. That's exactly what I was doing. I was doing that very thing. And I was abandoning the simple |
| 398 | 01:11:41 --> 01:11:50 | things of just taking the trades, I knew that were going to be there. And I tried to squeeze more out of them. You can't make a dog be more than what it is |
| 399 | 01:11:50 --> 01:12:07 | it's a dog. It's going to run and behave like a dog. And every one of my trades, I tried to demand them to be a dragon, a beast of mythological proportion. And |
| 400 | 01:12:07 --> 01:12:20 | when it didn't deliver, I looked at it as I I'm never gonna be able to do this. When all I was doing was doing everything backwards and asking of my models, |
| 401 | 01:12:21 --> 01:12:27 | which were very limited at the time to do what, what they couldn't do. And I couldn't see it for that |
| 402 | 01:12:33 --> 01:12:45 | just got a text from our wife. You're late. Oh my way. But anyway, I had fun day, hopefully, I inspired you to think about things a little bit differently. |
| 403 | 01:12:46 --> 01:12:57 | And don't waste your time trying to force things in through these candlesticks. And don't focus so much on how much time you got left. As long as you're working |
| 404 | 01:12:57 --> 01:13:06 | every day working towards progressing, moving forward, you'll get there, you'll get there sooner than you thought once you get there. In the time you're |
| 405 | 01:13:06 --> 01:13:19 | spending right now that might feel daunting and too laborious. won't be so much like that, when you look back on it. Everything seems so much further in front |
| 406 | 01:13:19 --> 01:13:33 | of you. When you're trying to get there the first time, it's always a long journey. This little kid in the back seat syndrome, we're there yet, as that |
| 407 | 01:13:33 --> 01:13:42 | little, that little child and you it's the trader is going to be who you are. They're excited. There's nothing wrong with that excitement. Don't kill that |
| 408 | 01:13:42 --> 01:13:51 | energy. But you have to nurture it and properly train it. Say, Okay, we're getting there. We're in it just a little bit longer. We have to keep doing what |
| 409 | 01:13:51 --> 01:14:02 | we're doing. Keep looking through the windshield forward. We're getting any every closer, keep looking. Tell me when we get to the Burger King sign tell me |
| 410 | 01:14:02 --> 01:14:13 | when you distract them small little incremental progress or progressive milestones. And it takes their attention away from the grander scheme. And it's |
| 411 | 01:14:13 --> 01:14:22 | all I've done with Cameron. I've taken his attention from feeling like he's can't get to that 2030 handle run model right now. Because he can't see how do |
| 412 | 01:14:22 --> 01:14:33 | you know how do you know how do you know, time experience doing it? Do you want me to be able to tell you something. And it's just like a secret recipe. And |
| 413 | 01:14:33 --> 01:14:41 | it's the fact that you have to roll your sleeves up and submit yourself to this process all the time. And eventually, at what time it what's the junior |
| 414 | 01:14:41 --> 01:14:49 | developer you're going to have that epiphany where a clicks where you're like oh shit, oh, I've been complicating this the whole time. I just wanted to miss this |
| 415 | 01:14:49 --> 01:14:58 | and not worry about all this other stuff. I would have been able to be here in a place of contentment a lot sooner. And imagine the peace of mind that brings |
| 416 | 01:14:59 --> 01:15:07 | when you don't have Do more than what's comfortable for you. And who gives a fuck what anybody else thinks about it, you're paying your bills, you're meeting |
| 417 | 01:15:07 --> 01:15:16 | your ends. Your content, you don't have any fear of missing any moves, you don't have any fucking greed. Your model says, I'm making $1,000, when I make it, I |
| 418 | 01:15:16 --> 01:15:30 | stopped for the day, who's going to complain about that? You probably aren't making $1,000 In three months trading right now. Start small build on it. I |
| 419 | 01:15:30 --> 01:15:42 | covered a lot of things in this discussion today. For the people that have been with me for a while, they have had a lot of really impactful things to consider, |
| 420 | 01:15:42 --> 01:15:51 | and how to think about what it is that they've done or what they're doing, and how you can strip down price, the right to the core essence of what it's likely |
| 421 | 01:15:51 --> 01:16:05 | to do right now. You don't need these high end models. I gave 12 of them in paid mentorship. I did that, because I had people on there selling my videos on My |
| 422 | 01:16:05 --> 01:16:18 | Courses selling access to my forum, which I don't have anymore. Those models make money. But I knew that I could use those platforms, on later teachings to |
| 423 | 01:16:18 --> 01:16:26 | those same paid students. And I could teach them away where I can take them, and plug and play, which is what I promised. Once you understand the logic and the |
| 424 | 01:16:26 --> 01:16:35 | language, then I'll teach you very short handedly to go in and do this and do this. And you can have a model. And I did it publicly with a 2020 model. I've |
| 425 | 01:16:35 --> 01:16:45 | done it with the silver bullet. Optimal trade entries have been there before I even did mentorship. And the paid students to have done the work, they can see |
| 426 | 01:16:45 --> 01:16:56 | now how it's very simple to do these things. And they themselves are the ones that complicated. I can sit out here every single Saturday and outline a new |
| 427 | 01:16:56 --> 01:17:08 | model. And every single one of them are independent of one another. And I could do that for the rest of my life and not run out of models. Ask your mentor if |
| 428 | 01:17:08 --> 01:17:18 | they can do that. Oh, we don't need to have that. Usually, right. That's exactly what I say. You only need one. But the problem is is everybody I don't want to |
| 429 | 01:17:18 --> 01:17:22 | stop talking. My wife is gonna slap the shit out of me. |
| 430 | 01:17:27 --> 01:17:37 | I don't want you to feel like you have to be pressed into a mold. And I'm trying to do my best because I would want this in a mentor. Like I would want this. I |
| 431 | 01:17:37 --> 01:17:47 | would want my mentor sharing with me knowing that he's going to have physical harm from his wife later on because he's kept her waiting. She didn't she |
| 432 | 01:17:47 --> 01:17:56 | already knew when I told her I was gonna be an actor like Sure. I told her say here look, I got the timer set versus snooze button. |
| 433 | 01:18:01 --> 01:18:08 | Anyway, I do have to get off here. But I had fun today talking with y'all. Hopefully I've inspired you. Hopefully I got your your gears turning and how you |
| 434 | 01:18:08 --> 01:18:18 | can kind of settle yourself down look towards progress, not finality not at the finish line I started last week I shouldn't have to trade by now. That's stupid |
| 435 | 01:18:18 --> 01:18:33 | that that's stupid thinking. It's unrealistic. But I want you to think about this. In closing, as my closing statements here today. I'm glad that my son |
| 436 | 01:18:35 --> 01:18:47 | initially I wasn't real happy with him wanting to do these funded accounts. Like I was not happy with that. But today, waking up, I'm glad that he did it. |
| 437 | 01:18:47 --> 01:18:58 | Because he's showing through a third party, audited setting where it's not something that he can lie about. It's not something I can lie about. It's not |
| 438 | 01:18:58 --> 01:19:08 | something that it can be photoshopped. It's not somebody else's account, they would come out and I'm giving top step permission, if anything that he shares |
| 439 | 01:19:08 --> 01:19:19 | with me that I ended up tweeting, if that's not true, you fucking call me out on it. Call me out on it. Because some of you might miss that. Some of you might |
| 440 | 01:19:19 --> 01:19:29 | miss the fact that this young man is doing this in a setting where I'm not affiliated with this company and neither is he. There is no broker arrangement |
| 441 | 01:19:29 --> 01:19:42 | where they give me some fake results, the market some bullshit, that that's not what's happening here. This boy is doing something using what you're learning. |
| 442 | 01:19:44 --> 01:19:53 | The only thing I did was take some pieces and say do this, do this do this. Did I teach him something new? No. You need to know where the mark is going to draw |
| 443 | 01:19:53 --> 01:20:02 | to liquidity. You need to wait for some kind of manipulation to stop run. Why would you not be fair Full of taking a short after that stock run, because it's |
| 444 | 01:20:02 --> 01:20:12 | already done the damage on that five or one minute chart. So it's going to now start displacing towards lower prices if it's bearish, and price will spool in |
| 445 | 01:20:12 --> 01:20:27 | that direction, it doesn't mean every candle is going down. It does not mean that, but you will see several 10 handle runs. Every day, it's like that every |
| 446 | 01:20:27 --> 01:20:36 | single day. And you can trade without a daily bias with this, which is why I taught him this model. Because he doesn't know how to know what the daily bias |
| 447 | 01:20:36 --> 01:20:46 | is, I just told him to 60 minutes or 15 minute timeframe, whereas the higher lows that haven't been touched yet, if it starts breaking towards those levels, |
| 448 | 01:20:46 --> 01:20:55 | chances are it's going to go there, he's gonna have a losing day, it's going to happen. I hope it's this week, sometime, I want him to have that. And I want to |
| 449 | 01:20:55 --> 01:21:03 | hear what he's thinking. And I'm going to allow him to tell me what he feels. And I will record our conversation, the other side where you can hear it. I want |
| 450 | 01:21:03 --> 01:21:12 | him to articulate what he's feeling, in contrast to what he's been feeling right now, because he feels like he's working on clouds right now. But that first |
| 451 | 01:21:12 --> 01:21:23 | loss, that real monetary withdrawal from progress moving forward, and you got to go one step backwards. That's the beginning of a blown account. That's the |
| 452 | 01:21:23 --> 01:21:31 | beginning beginning of the end of your trading career, if you let it that one single loss, it all starts there, that one little seed, that one little seed |
| 453 | 01:21:31 --> 01:21:36 | that grows to a garden of weeds, when you are aiming for roses. |
| 454 | 01:21:42 --> 01:21:53 | And I'll have the opportunity to counsel him through that. And when it happens, you'll have the benefit of hearing from his side, hearing it feeling it. And |
| 455 | 01:21:53 --> 01:22:02 | then me telling him how he should think about it, and work towards going through it. You don't get that in books, folks. There's no other mentorship out there |
| 456 | 01:22:02 --> 01:22:09 | that's doing that kind of thing. This is where the rubber meets the road. This is the brass tacks This is the shit that you need to know and how to deal with |
| 457 | 01:22:09 --> 01:22:19 | it. And it's been done in a setting that is outside my control outside of his control. There's no affiliation here, none whatsoever, I don't tell you to join |
| 458 | 01:22:19 --> 01:22:27 | my top step. I don't do that. I don't give a fuck, if he makes a million dollars trading with a funded account, I would still never say go with a funded account. |
| 459 | 01:22:29 --> 01:22:38 | I don't read brokers, I don't read funded accounts. I don't have any affiliation whatsoever. My opinion is mine solely. And it's my my responsibility to be open |
| 460 | 01:22:38 --> 01:22:46 | and upfront and tell you that there's nothing inspiring me to have an opinion, whether it be good or bad for anything. And I may be incorrect in my opinions. |
| 461 | 01:22:46 --> 01:22:55 | It may not be an agreement with you. That's fine. That's wonderful. That's wonderful to have that type of discussion where I'm presenting my side of it, |
| 462 | 01:22:55 --> 01:23:05 | and you may not agree with it, and I respect you for not agreeing with it. Don't take whatever everything I say and just say what's his weight has to be looking |
| 463 | 01:23:05 --> 01:23:14 | to see if it means something to you. If it doesn't, discard it. Don't waste your time with it. Take what's useful to you. Even if it's something that's outside |
| 464 | 01:23:14 --> 01:23:24 | what I teach, if it helps you, God bless you with it. I want to see you succeed. If you can get successful in something that I'm not taught, let's say you try to |
| 465 | 01:23:24 --> 01:23:31 | do this, and you can't do it with what I'm teaching. And I don't do well enough as a mentor for you. And you go and you do something else. I would love to know |
| 466 | 01:23:31 --> 01:23:39 | what you did. I want to see you succeed. I don't give a fuck if somebody else is making money off of you. And you found success, if that's what it took for you |
| 467 | 01:23:39 --> 01:23:49 | to find success. That's awesome. That's awesome. I'm not. But little by that. I'm not embarrassed by that. I don't feel like a failure. I want to see all of |
| 468 | 01:23:49 --> 01:24:01 | you even if you don't like me, I want to see you do well. I want that to happen for all of you. And I'm not making any money here talking to you. I'm risking |
| 469 | 01:24:01 --> 01:24:14 | life and limb. Nobody's gonna fuck my so when I get out this fucking office. But sincerely, I want to see you succeed. And I want to see your success stories. |
| 470 | 01:24:15 --> 01:24:23 | And if there are success stories and other fucking approaches, I wish there was more of it online. I'd like to I'd like to see that. It's like Market Wizards |
| 471 | 01:24:23 --> 01:24:31 | book, but you're seeing people's faces, you're hearing their voice. They're telling you their experience. And that's what I love about our community here |
| 472 | 01:24:31 --> 01:24:43 | because my students do that they come forward and a share that that's why I like kit and his community's creativity. That's awesome. I love listening to that. I |
| 473 | 01:24:43 --> 01:24:51 | love lists, even the folks that come in and they have a different train of thought about it. And each share their ups and downs, their trials and |
| 474 | 01:24:51 --> 01:24:59 | tribulations, the things they had to go through. That's the stuff that matters most because everybody has to go through it. You're gonna go through it though. |
| 475 | 01:25:00 --> 01:25:09 | looks, this meat grinder will put your ass through it. You're not gonna walk in here waltz through coming out with no fucking wounds, you're all gonna have |
| 476 | 01:25:10 --> 01:25:23 | damage done to yourself. And those war injuries are going to make you formidable. You're going to No, don't step there in the presence of somebody who |
| 477 | 01:25:23 --> 01:25:32 | doesn't know any better. Don't step right there. That's a grenade, tripwire right there. Don't Don't do that. We mean, don't do it. Young buckets out there |
| 478 | 01:25:32 --> 01:25:43 | and does it anyway, blow their account people that have been around this industry long enough, they know things that you don't know. And if they're |
| 479 | 01:25:43 --> 01:25:52 | willing to share their experience with you. And it's realistic. And it's, you know, it's provable, that they've done something with it, and other people have |
| 480 | 01:25:52 --> 01:26:05 | done something with it. It's profitable, not just bullshit for clicks and cloud, that usable information. Take advantage of that. When I came up, they didn't we |
| 481 | 01:26:05 --> 01:26:15 | didn't have that. We didn't have people willing to sit down for nothing, and make videos or talk to you in a stream like this. Like I have better things to |
| 482 | 01:26:15 --> 01:26:25 | do. Like I have things to do, and people to do it with my wife. And you might be thinking, I love this more than love my wife. No, it's just, I'm obsessive. When |
| 483 | 01:26:25 --> 01:26:31 | I'm with my wife, and I'm doing things with her, I don't want to go to the charts, I don't want to talk to you, I don't want to it's whatever I'm doing at |
| 484 | 01:26:31 --> 01:26:43 | the moment. That's where all my intention is. I'm 100% In that moment, that very thing. And you want that in a mentor, you want that in someone that's teaching |
| 485 | 01:26:43 --> 01:26:50 | you where they don't run out of energy, they don't tire because if this stuff didn't work, it'd be real hard for me to have the energy level I'll have think |
| 486 | 01:26:50 --> 01:26:59 | about everything about that. Think about that. If somebody didn't have success and didn't have the ability to be able to transfer the information and wasn't |
| 487 | 01:26:59 --> 01:27:10 | constantly inspired by the energy that's getting brought back to me by my students. I could not have this level of output. Nobody could. You can't keep |
| 488 | 01:27:10 --> 01:27:26 | running on empty. Okay, fumes ain't gonna carry this machine. We're running on rocket fuel here. And it doesn't run out. It just keeps never running out. Like |
| 489 | 01:27:26 --> 01:27:41 | Elijah told the widow and her son make me a cake. Oh, well, we only have enough oil here for me and my son, we were gonna eat it and die. Make a cake for me. |
| 490 | 01:27:44 --> 01:27:55 | What does that what does that mean? He laid out a process. His experience he knows that the Lord is gonna provide you provide to me. Don't worry about |
| 491 | 01:27:55 --> 01:28:06 | anything else. He didn't say don't do this. Or do this and don't worry about that. He just said do this he laid before her process. So she made him a cake |
| 492 | 01:28:07 --> 01:28:22 | and her oil didn't run out. I'm teaching you how your oil won't run out. Once you have a very good weekend, relax, try to do some studying. Don't do too much. |
| 493 | 01:28:22 --> 01:28:31 | Pace yourself. And I will be back Lord willing on Monday on Twitter to share more insights with you. Talk to you then. You say |