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052-ict-tw-spaces-2023-09-30-When-The-Facts-Speak-For-Themselves

Last modified by Drunk Monkey on 2024-09-25 09:01
1 00:00:22 --> 00:00:29 ICT: It is a good morning. It is a good morning and we are in overtime. Yeah,
2 00:00:29 --> 00:00:35 I'm fine. I had so much fun this morning. But all good things must come
3 00:00:35 --> 00:00:42 to an end. And my wife said, I have until 10 o'clock or it's my ass. So
4 00:00:43 --> 00:00:49 she's been, she's been very, very flexible. Okay. So at 10 o'clock, I have
5 00:00:49 --> 00:00:56 to escape here today. But it gives me enough time to hopefully instill in you
6 00:00:56 --> 00:01:03 some things and some takeaways for this week. So obviously, you can see the
7 00:01:03 --> 00:01:09 other study, and live stream on YouTube. And we covered a lot of details, we
8 00:01:09 --> 00:01:14 covered a lot of things that were not available to you at the time of me,
9 00:01:14 --> 00:01:17 calling the market yesterday outlining it and then showing you the live trade,
10 00:01:18 --> 00:01:25 working with the information. But the the thing I want to talk about today, in
11 00:01:25 --> 00:01:30 this Twitter space is when the facts speak for themselves. And I want to
12 00:01:30 --> 00:01:35 touch on a few things here. And kind of like remind you, what you're looking
13 00:01:35 --> 00:01:42 for. You have it in your hands right now. You just haven't used it enough to
14 00:01:42 --> 00:01:47 see the results that you're requiring whether you accept the fact that that's
15 00:01:47 --> 00:01:53 what you're waiting for it or not. Chances are you want to see yourself, do
16 00:01:53 --> 00:02:02 something one time. One time where it's rule based, you felt comfortable doing
17 00:02:02 --> 00:02:06 it, it did exactly what you thought it was going to do. And if you have that
18 00:02:06 --> 00:02:12 moment, even if it's in a demo account, if you could just get that one event
19 00:02:12 --> 00:02:17 where I didn't tell you, no one else inspired you to do it, you found that
20 00:02:17 --> 00:02:23 all by yourself, that will be a fact that you'll hold on to. And that would
21 00:02:23 --> 00:02:30 be just enough for you to pursue and keep moving forward. Others may require
22 00:02:30 --> 00:02:34 that same thing, but with a live account. And that's why you foolishly
23 00:02:34 --> 00:02:38 sometimes try to do it with real money, or you rush to try to get combine with
24 00:02:38 --> 00:02:42 it. And then try to do the same logic. Once you get funded, should you get
25 00:02:42 --> 00:02:49 funded. And you either blow it or cause so much damage that it's pointless to
26 00:02:49 --> 00:02:56 consider going forward with it. My son Cameron, as I mentioned, and you've
27 00:02:56 --> 00:03:01 probably already seen, Tom step was very forthcoming with sharing you what he was
28 00:03:01 --> 00:03:13 able to do. He's received two payouts. He passed three of his Express. I don't
29 00:03:13 --> 00:03:19 know the exact terms for it. But I think Express funded account. That is the
30 00:03:19 --> 00:03:24 thing that you get apparently, after you pass the challenge, or combine or I
31 00:03:24 --> 00:03:27 don't even think I don't know if they call it Chi Minh combine. But it's the
32 00:03:27 --> 00:03:32 part where if you win in the trade, you don't have the ability to take the money
33 00:03:32 --> 00:03:36 out. And then when you get into Express, my understanding is you're still not
34 00:03:36 --> 00:03:41 trading with real money. But if you ask for payouts, they will pay out based on
35 00:03:41 --> 00:03:45 what you supposedly made. And again, eventually, if they like you as a
36 00:03:45 --> 00:03:52 trader, and you exhibit the things that they want to see they will fund you. And
37 00:03:52 --> 00:03:57 I just saw two of my students. Literally we're tapped on the shoulder by top step
38 00:03:57 --> 00:04:01 and now they're funded traitor. So not from my image. And I'm not sure if this
39 00:04:01 --> 00:04:04 is accurate. So if I'm not accurate, please forgive me and correct me in
40 00:04:04 --> 00:04:09 response on Twitter. But when they say they're funding them, then now they're
41 00:04:09 --> 00:04:13 in a live account where they're actually trading with real money. Whether that's
42 00:04:13 --> 00:04:18 true or not, I don't know. But it's the tear above Express funded or what would
43 00:04:18 --> 00:04:21 be considered classically funded, whatever by tries to get to basically,
44 00:04:23 --> 00:04:29 if you look at the statistics, I'm not sure if Mike Pathak or top step has made
45 00:04:29 --> 00:04:34 it public with the statistics are in terms of the rate of success for people
46 00:04:34 --> 00:04:40 to try to get funded and get payouts. But if you look at the numbers that some
47 00:04:40 --> 00:04:43 of the other Forex funded account companies, they have been very
48 00:04:43 --> 00:04:47 forthcoming, which I have a great deal of respect for because they're telling
49 00:04:47 --> 00:04:53 you openly like you have next to zero chance of doing this unless you know
50 00:04:53 --> 00:04:57 what you're doing. You're you're you're probably going to fail. And when people
51 00:04:57 --> 00:05:03 see those statistics and I gotta be real careful how I say these things because I
52 00:05:03 --> 00:05:07 don't want to sound like I'm pissing all over them. And I don't want to sound
53 00:05:07 --> 00:05:12 like I'm propping any of them up or representing them. Okay? What my son did
54 00:05:12 --> 00:05:16 was in a selfie, he made the decision to do that. I didn't inspire him to pick
55 00:05:16 --> 00:05:21 any one particular company, he picked up stuff because he saw the ads on YouTube.
56 00:05:22 --> 00:05:25 So that's the one like anything else. You know, when you think of something.
57 00:05:26 --> 00:05:29 When you think of a plumbing problem, what do you think of in the United
58 00:05:29 --> 00:05:35 States? roto rooter. Okay, it's the shit, right? Well, I don't use roto
59 00:05:35 --> 00:05:39 Rooter, by the way, it's really a good example. But when you think of
60 00:05:39 --> 00:05:42 something, you know, whatever has been advertised and put in front of you,
61 00:05:42 --> 00:05:45 because of what I talked about in the live stream is priming. Okay, in
62 00:05:45 --> 00:05:48 advertising, the people that put the most money in capital behind their
63 00:05:48 --> 00:05:52 advertising. They're the one that's going to get the squeaky wheel gets the
64 00:05:52 --> 00:05:58 oil. Well, Cameron chose to upset not because I I said, Pick this one, because
65 00:05:58 --> 00:06:02 I never would have picked any of them. I wasn't, you know, I wasn't of the
66 00:06:02 --> 00:06:06 opinion that I wouldn't want my son going that route. You know, I was ready
67 00:06:06 --> 00:06:09 to give him money. And he was saying, I don't want to do it that way. Dad, I
68 00:06:09 --> 00:06:18 want to be able to say I did it. No, he did. He did it. But his initial sway
69 00:06:18 --> 00:06:22 with it, where he I think he failed. I think he told me seven times he tried to
70 00:06:22 --> 00:06:27 pass it and failed. But he was doing everything wrong, you that you could
71 00:06:27 --> 00:06:32 possibly do over leveraging trying to the maximum, no idea where he was
72 00:06:32 --> 00:06:38 dealing. Okay. And then we spent about a month of sitting down with these are the
73 00:06:38 --> 00:06:44 rules. These are the rules, okay? You don't have discipline, but the only way
74 00:06:44 --> 00:06:49 you can forge that discipline is by using these fucking rules. Okay, what
75 00:06:49 --> 00:06:54 rules are there, you have to know where you're aiming for. Because if you aim at
76 00:06:54 --> 00:06:59 nothing, you'll hit it every time. And for some of you that went right over
77 00:06:59 --> 00:07:03 your head, but you have to have a target. You have to have a target in
78 00:07:03 --> 00:07:10 mind where you're aiming for what price? What is it reaching for? If you can't
79 00:07:10 --> 00:07:14 ascertain that, by looking at a chart, you have absolutely no business, pushing
80 00:07:14 --> 00:07:19 a button where you incur risk, even if it's demo, because the outcome is going
81 00:07:19 --> 00:07:22 to be detrimental to your development, because you're going to be feeding
82 00:07:22 --> 00:07:28 yourself toxic results that were rooted on no real rhyme or reason or model.
83 00:07:28 --> 00:07:33 Unless you're going to take it as a kick in the ass. You're going to take it as
84 00:07:33 --> 00:07:38 failure, you're not getting what you want a dopamine hit. So you're treating
85 00:07:38 --> 00:07:42 it like an ex girlfriend or an ex boyfriend that were toxic and need these
86 00:07:42 --> 00:07:45 keep calling and you'll want to do with them. That's immensely which will treat
87 00:07:45 --> 00:07:49 business with relationships. That way, you'll have that same thing towards the
88 00:07:49 --> 00:07:53 markets and trading, which is the reason why I talk to you this way. I use
89 00:07:53 --> 00:07:57 analogies so that we can draw parallels to something that I understand that
90 00:07:57 --> 00:08:01 feels like I don't want that to feel like that when I'm trading. Don't do
91 00:08:01 --> 00:08:04 this shit you're doing, do the things I'm telling you to do and avoid the
92 00:08:04 --> 00:08:10 things I tell you to avoid. But here's my son, he's gonna go out there and show
93 00:08:10 --> 00:08:16 me it's just like video games, and he's gonna be mister. I am having a senior
94 00:08:16 --> 00:08:19 moment. I can't remember that fortnight. fortnight. Yeah, he's really really good
95 00:08:19 --> 00:08:23 fortnight, and he's really really good at call duty. Like, he's fucking badass.
96 00:08:23 --> 00:08:29 Like, he's kicks my ass. He's really, really good. And it's amazing. He
97 00:08:29 --> 00:08:33 thought that was going to be the same thing for him. When he got into this. He
98 00:08:33 --> 00:08:38 has that tenacious, like, I'm going to do it that and if it's hard, I'm gonna
99 00:08:38 --> 00:08:43 be that much more inspired to do it. But then when he got his ASB trying to do
100 00:08:43 --> 00:08:49 the combine and failed the seven times or said he did it. I watched him. And he
101 00:08:49 --> 00:08:52 was sulking. And he's just like, you could see it and he wouldn't walk around
102 00:08:52 --> 00:08:56 with the shoulders back like he always was, you know, the typical 18 year old
103 00:08:56 --> 00:09:01 boy, right? There's everything. And I told him, I said, Look, here's the
104 00:09:01 --> 00:09:06 rules, you have to aim for an hourly or a 15 minute high, which ones you're
105 00:09:06 --> 00:09:10 going to reach for the obvious one that is trying to get to, that's all you
106 00:09:10 --> 00:09:17 need. That's all you need, man. That's all you need. And then when you know
107 00:09:17 --> 00:09:22 that you dropped down to a one or five minute chart, and you wait for a one or
108 00:09:22 --> 00:09:27 five minute stop hunt that's against that draw on liquidity. So if you're
109 00:09:27 --> 00:09:31 thinking it's going to go up, you wait for a swing low to be taken out on a one
110 00:09:31 --> 00:09:35 or five minute chart. As soon as it does that. On that timeframe. You have to
111 00:09:35 --> 00:09:41 wait for if it's a swing low, that takes out you got to wait for an up close
112 00:09:41 --> 00:09:46 candle to form immediately after that swing low is taken out. As soon as that
113 00:09:46 --> 00:09:50 happens. Then immediately you drop down to a 32nd chart and you buy the first
114 00:09:50 --> 00:09:59 pair Vega that's easy shit man. That's easy. There's there's simple parameters
115 00:09:59 --> 00:10:03 to that. It's based on the markets gonna gravitate to that higher timeframe
116 00:10:03 --> 00:10:08 drawl. You just had a stop hunt on a lower timeframe. So there should be what
117 00:10:08 --> 00:10:11 a displacement going towards the next opposing liquidity, that's higher
118 00:10:11 --> 00:10:16 timeframe than the one you're entering on, which is 30 seconds right? Out here
119 00:10:16 --> 00:10:17 on one second.
120 00:10:21 --> 00:10:24 I only had one laptop, by the way, these fucking people talking about all these
121 00:10:24 --> 00:10:34 laptops, I got one. Alright, so the model had rules. You have to do this, do
122 00:10:34 --> 00:10:39 this, do this. And once you have it, whatever your winning trade is, whatever
123 00:10:39 --> 00:10:44 it is, you eat it, you take it home, and that's what it is do not reenter. Well,
124 00:10:44 --> 00:10:49 what does he lacking discipline? How does he forge it? Doing it? Doing it and
125 00:10:49 --> 00:10:53 then not doing it and failing and getting the repercussions of it? Okay,
126 00:10:53 --> 00:10:58 that's progress. What happens if he takes a losing trade? He stops? But what
127 00:10:58 --> 00:11:02 if he sees another shot? But he can't take it? But does he lack discipline? So
128 00:11:02 --> 00:11:05 when he tries to do a second trade, and he makes money on it, what does he hear
129 00:11:05 --> 00:11:11 from me? Why are you doing that? But that was good. I mean, why did you not
130 00:11:11 --> 00:11:17 listen? The whole point of this is for you to forge what discipline follow a
131 00:11:17 --> 00:11:22 model, because that will yield you the results, you coloring outside the lines
132 00:11:22 --> 00:11:29 is not you following the rules. The winds that you make outside of your
133 00:11:29 --> 00:11:36 model are not to be celebrated. That's you cheating on your wife and getting
134 00:11:36 --> 00:11:43 away with it. That doesn't mean keep doing it. Or it's good because it her
135 00:11:43 --> 00:11:47 feelings didn't get hurt, or vice versa. And I'm giving an extreme that maybe it
136 00:11:47 --> 00:11:52 doesn't fit, you have a sense of an analogy, but in my mind, you are
137 00:11:52 --> 00:12:02 cheating on the model. You're not giving it time, energy focus that it requires.
138 00:12:03 --> 00:12:09 that it deserves. I took the time to sit down and write this model up, gave him
139 00:12:09 --> 00:12:13 the rule based ideas that he has to follow any deviations outside of that if
140 00:12:13 --> 00:12:20 it's a win, I don't give a fuck about that when that doesn't matter. That is a
141 00:12:20 --> 00:12:26 losing trade to me. It doesn't mean shit to me. How can you measure that? That's
142 00:12:26 --> 00:12:30 not part of the the equation here. It's outside of the logic. So you can't
143 00:12:30 --> 00:12:35 champion it. You can't give it its props and say, yeah, look at this. Because it
144 00:12:35 --> 00:12:41 should about that. And that's what some of you might be doing. In your early
145 00:12:41 --> 00:12:44 stages of your progress. You're doing things outside of a model. And when you
146 00:12:44 --> 00:12:49 when it's gained its profit. I feel good. Yeah, well, this is what I want to
147 00:12:49 --> 00:12:53 do. And to make it feel better, because even though I know I feel a little
148 00:12:53 --> 00:12:54 guilty about because I didn't really know what the hell I was doing it, it
149 00:12:54 --> 00:12:59 worked for me, I'm going to share it on social media. Because if I get some
150 00:12:59 --> 00:13:05 likes, that dopamine hit over compensate for the fucking things I'm feeling that
151 00:13:05 --> 00:13:10 are rooted in guilt in reality that wasn't really rooted on any logic or
152 00:13:10 --> 00:13:17 model. It just happened to work out that time. So the facts are, my son beat the
153 00:13:17 --> 00:13:21 statistics. He went out there. And not only did he get on the other side of
154 00:13:21 --> 00:13:27 those seven, losing attempts to try to get a funded account. He went out there
155 00:13:27 --> 00:13:32 and got three of them one time he used all three of them at the same time. And
156 00:13:32 --> 00:13:42 then pass them off. Then told me he's I want to use one of them. And just try to
157 00:13:42 --> 00:13:50 see if I can do what you're saying. Ultimately, he showed progress. He had
158 00:13:50 --> 00:13:55 days where he did we were supposed to do, but didn't do it all the time. In
159 00:13:55 --> 00:14:00 DaVinci caught up with him in on Friday, he burned the last 800 hours. And his
160 00:14:00 --> 00:14:04 logic was I don't care, because I'm gonna start a new one. And I didn't do
161 00:14:04 --> 00:14:08 what I was supposed to do with this one. So I got two payouts. I took something
162 00:14:08 --> 00:14:13 from it in experience, and I got paid. So I look at it as it's a win win for me
163 00:14:13 --> 00:14:18 that like, well, I guess that's a good way of looking at it. But if you don't
164 00:14:18 --> 00:14:23 take what you learned from this one, it's going to repeat itself in the
165 00:14:23 --> 00:14:28 second one, and the third one. And then if you blow them, guess what you have to
166 00:14:28 --> 00:14:32 do? You have to start a new one or do something else. So what's your plan?
167 00:14:34 --> 00:14:37 Because I want to trade with one micro contract like you were telling me to do
168 00:14:37 --> 00:14:41 in the beginning. I wish I would have listened to that. But another way I
169 00:14:41 --> 00:14:45 liked the fact that I did what I did, because I made 50 $140 I got two
170 00:14:45 --> 00:14:49 payouts. And I did it all in one month. And for me that feels it feels great.
171 00:14:49 --> 00:14:53 And I'm like, I'm proud of you. In that regard. I'm proud. I'm proud that you
172 00:14:53 --> 00:14:58 now are inspired to do it. So the facts are he has now been bitten legitimately.
173 00:14:58 --> 00:15:04 He'll never not trade now. he'll never, he'll never not want to do this. And
174 00:15:04 --> 00:15:10 that's what I want. I want all my kids to have that. Now, it's $1,540. A lot of
175 00:15:10 --> 00:15:14 money. Fuck no, it's not a lot of money. Literally, it's not. I spent more than
176 00:15:14 --> 00:15:17 that at Target last night buying shit that my wife doesn't need. So the point
177 00:15:17 --> 00:15:24 is the $1,540 is literally nothing. But from my perspective as his dad, I see
178 00:15:24 --> 00:15:28 him doing something that I want all my kids to do what I've spent my entire
179 00:15:28 --> 00:15:36 life in pursuit and perfecting. He did it. He canceled all the bullshit, that
180 00:15:36 --> 00:15:41 people say that this stuff doesn't work, that you have to have a overcomplicated
181 00:15:41 --> 00:15:44 approach that doesn't have any statistical probability and you lose
182 00:15:44 --> 00:15:48 money trading on ICT, Smart Money concepts. My 18 year old son went out
183 00:15:48 --> 00:15:54 there, and literally on his own effort, did everything, his own money from his
184 00:15:55 --> 00:16:02 coffee shop job, went down to negative balance, paying for him in between his
185 00:16:02 --> 00:16:08 paychecks. I did not give him any money. I would not pay him for it. And Michael
186 00:16:09 --> 00:16:11 Trump stops up or talks if he would listen, it's not it's not a knock
187 00:16:11 --> 00:16:14 against you, it would have been any other company, I would not give him
188 00:16:14 --> 00:16:20 money to do that. I would love for him to prove for at least six months that
189 00:16:20 --> 00:16:24 he's consistently profitable using a demo account, I would have put 50,000
190 00:16:24 --> 00:16:28 hours in an account. Real money, I would have done it. No problem not not even
191 00:16:28 --> 00:16:33 batting an eye worrying about it. That's the route I was gonna go. They had to
192 00:16:33 --> 00:16:37 prove to me, but he wants to go out there and do prove it to the world type
193 00:16:37 --> 00:16:46 shit, you vigilante. Mentor, son, okay, he's got he's got it in his head. He
194 00:16:46 --> 00:16:49 wants to do that kind of stuff. Which is, I guess if that's what you need for
195 00:16:49 --> 00:16:52 motivation, whatever. Now he's motivated by something else that the facts are. He
196 00:16:52 --> 00:16:56 doesn't want to worry about what other people think anymore. He wants to get
197 00:16:57 --> 00:17:02 better at what he's doing. Because now that I know, I can do this. And I can
198 00:17:02 --> 00:17:06 see where I messed up. In the days that I went back in when I had already made
199 00:17:06 --> 00:17:14 money. Like, for instance, he had 13 days. 13 days of consistently winning,
200 00:17:15 --> 00:17:22 he had up $180 that day. He said I just wanted to get it to 200. That's all I
201 00:17:22 --> 00:17:28 wanted to do is is the bumper to 220 bucks that that's like, I'm not laughing
202 00:17:28 --> 00:17:32 at you son did make funny, but I can't tell you how many times over my career
203 00:17:32 --> 00:17:37 when I was trying to just get to that target for today. And then Murphy's law
204 00:17:37 --> 00:17:42 comes in whatever can happen wrong, it will. Okay, that's exactly what happens
205 00:17:42 --> 00:17:50 in that small, little tiny $20 Target turns you into a losing day. And if
206 00:17:50 --> 00:17:54 you're weak, if you're not disciplined that losing trade net losing day turns
207 00:17:54 --> 00:17:59 into a blown account. And that's exactly what he did. He went to a max loss day,
208 00:17:59 --> 00:18:07 over 20 bucks. Son, that is not failure. That's what everybody goes through.
209 00:18:08 --> 00:18:14 That's part of it. That's a growing pain, every trader, every single fucking
210 00:18:14 --> 00:18:18 trader, male woman, child, you know, whatever is human, they're going to do
211 00:18:18 --> 00:18:23 things that they know they're not supposed to do. Okay, as a trader, we
212 00:18:23 --> 00:18:27 know we shouldn't push the envelope and we know and he knew at the same time
213 00:18:27 --> 00:18:32 because he admitted that he was I knew it's not a big deal, but I just wanted
214 00:18:32 --> 00:18:37 to get there. I wanted to get that $200 mark, because every day, he was striving
215 00:18:37 --> 00:18:41 to get 200 hours or more. And he was doing it day after day after day after
216 00:18:41 --> 00:18:45 day, but I told him and I even tweeted two days before he did this. This is the
217 00:18:45 --> 00:18:56 time when you stop you stop sit still let the advancement experienced progress
218 00:18:56 --> 00:19:05 the money that you've earned. Let it find its way in you and relish it just
219 00:19:05 --> 00:19:09 really enjoy the fact that you did it. Let there be time between you hitting
220 00:19:09 --> 00:19:15 that $3,000 mark that you were your was your goal. That's great. You already
221 00:19:16 --> 00:19:20 paid out $740 It was more money than he earns after taxes at his job.
222 00:19:23 --> 00:19:28 He's proven that he can do it. It's it can be done. He was following the model.
223 00:19:29 --> 00:19:36 But when the small little trivial things come in these little tiny little it's
224 00:19:36 --> 00:19:41 not enough. When you're on social media, you give it to the social media
225 00:19:41 --> 00:19:45 assholes. feed the trolls give attention to people make it available invite other
226 00:19:45 --> 00:19:51 people to give you their criticism. There always going to be some some guy
227 00:19:51 --> 00:19:56 this fucking Reddit this morning. Almost one off on him. Tell me your son should
228 00:19:56 --> 00:20:00 make more money than that. Get the fuck outta here. My fucking son Next year is
229 00:20:00 --> 00:20:03 gonna make your whole fucking lifetime of fucking money. Get the fuck out of
230 00:20:03 --> 00:20:09 here with that bullshit. Okay, believe me, I'm giving him a Nygma okay, I'm
231 00:20:09 --> 00:20:13 giving it to him. I'm literally going to turn him into a fucking Rockstar. This
232 00:20:13 --> 00:20:17 motherfucker is going to be absolutely insane. Okay, he's showing me that he
233 00:20:17 --> 00:20:23 wants to do it now. That's all I needed. That's all I fucking needed. And now I
234 00:20:23 --> 00:20:28 have it. He's tasted on his own effort with the least of what I have the least
235 00:20:29 --> 00:20:34 of what I have. I'm giving him the whole fucking shebang, the whole fucking
236 00:20:34 --> 00:20:41 arsenal, I'm giving him everything. You will know this motherfucker. You will
237 00:20:41 --> 00:20:51 know his name and he will be recognized. The Beast will be unleashed. He wants to
238 00:20:51 --> 00:20:58 walk that walk. I'm gonna give them every fucking weapons. Tommy, my fucking
239 00:20:58 --> 00:21:04 son sort of made his 18 One month experience beat the statistics in the
240 00:21:04 --> 00:21:10 Prop firm industry to payouts three carbines past 12 days consecutive
241 00:21:10 --> 00:21:17 consecutively winning had the 13th day in his pocket if I would have told him
242 00:21:18 --> 00:21:23 that the the rate or the high end was the 14 day watermark that was the high
243 00:21:23 --> 00:21:26 end that tops that said since they started doing their live streams. No one
244 00:21:26 --> 00:21:31 had done it more than 14 days now I'm sure there's probably more people prior
245 00:21:31 --> 00:21:36 to that. Matter of fact, there was a guy that they were making a record out that
246 00:21:36 --> 00:21:41 he had a really good strike rate but was it every single day? I don't know I
247 00:21:41 --> 00:21:48 don't recall it that much. But he had 13 days and if I would have told him the 14
248 00:21:48 --> 00:21:54 day if you just do that and go one day pass that you beat it like that if you
249 00:21:54 --> 00:21:56 want to have challenges or whatever treat it like a video game like
250 00:21:56 --> 00:22:00 fortnight challenge or Call of Duty challenge whatever. You got to done it.
251 00:22:01 --> 00:22:05 He was he I guarantee he was stopped at that one ad because it would have nailed
252 00:22:05 --> 00:22:09 it because when he told me he was at one ad sent me a tweet and said from that
253 00:22:09 --> 00:22:15 tweet text said that I'm on one ad and I'm thinking he's in a trade he's
254 00:22:15 --> 00:22:21 watching it flash. I just here's a smiley face back to you. I'm not trying
255 00:22:21 --> 00:22:25 to control his trades. He needs to do this on his own. And when he wins he's
256 00:22:25 --> 00:22:32 earned it when he's lost he eats it that's the facts. Some of you don't want
257 00:22:32 --> 00:22:37 it that way but that's the way it needs to be so in a way I kind of woke up this
258 00:22:37 --> 00:22:41 morning pissed off thinking about how I wish I would have told him you know I
259 00:22:41 --> 00:22:45 got to do is get 15 days if you do 15 days you basically smashed everything
260 00:22:45 --> 00:22:50 then it doesn't matter how much money you made it doesn't make any difference
261 00:22:50 --> 00:22:55 because you chose the smallest of the of the challenges you had a $50,000 account
262 00:22:55 --> 00:23:01 with only $2,000 drawdown and you had stats that were highly respectable and
263 00:23:01 --> 00:23:05 equity curve that every guy wants out there. That motherfucker looked like
264 00:23:05 --> 00:23:13 Viagra it was beautiful beautiful perfect stair stepping each day that's
265 00:23:13 --> 00:23:18 exactly what I want to see you trading like just like that not vertical fucking
266 00:23:18 --> 00:23:21 like the backslash on a keyboard that's my equity curve if I want to go out and
267 00:23:21 --> 00:23:24 show you a quicker that's what lines would look like and you won't believe it
268 00:23:24 --> 00:23:28 and it'll keep people still talking about dumb shit. But as a brand new one
269 00:23:28 --> 00:23:33 month trader 18 years old, no fucking experience and just lost seven compounds
270 00:23:33 --> 00:23:37 trying to do it with no idea what he's doing. Guess what Joker he's done
271 00:23:37 --> 00:23:44 amazingly well experience his baton from this is going to serve him exceedingly
272 00:23:44 --> 00:23:49 well. Now he knows this is the tendency I feel when I feel this way this is what
273 00:23:49 --> 00:23:54 I've done in the past and this was the adverse result. So therefore, I now have
274 00:23:54 --> 00:24:01 a reason to be apprehensive about doing that Impulsive Desire is it inside mine
275 00:24:02 --> 00:24:07 is inside my model is it inside my process my protocol? What is I'm doing
276 00:24:07 --> 00:24:12 in trading? Does it fit what it is I try to do as a trader? Is it fit my risk
277 00:24:12 --> 00:24:17 model? Am I allowed to trade that? I've already taken a trade and even though it
278 00:24:17 --> 00:24:21 didn't hit what I want to trade in reach for the day the trade is closed the
279 00:24:21 --> 00:24:25 rules are you stop you get the fuck out of there close up market down done you
280 00:24:25 --> 00:24:30 can't look at it no more. Go put your phone in the fucking car so that way you
281 00:24:30 --> 00:24:33 won't be touching it while you're at work. Remember he's doing this while
282 00:24:33 --> 00:24:40 he's working. Add that add that to all this shit. He's doing it on a fucking
283 00:24:40 --> 00:24:47 phone. Come on, but a new job. Want a new job? A new learning design a new
284 00:24:48 --> 00:24:54 HVAC must have learned how to do it so you can open his own business doing it.
285 00:24:55 --> 00:25:03 I love it. And he did all that at the same time. So I'm trying to tell you, if
286 00:25:03 --> 00:25:09 he can do it that way. With no extra help from me, there was nothing extra
287 00:25:09 --> 00:25:17 given to him. Nothing. If he can do that, why are you doubting yourself? Why
288 00:25:17 --> 00:25:21 are you not willing to sit down and put yourself through the same process, you
289 00:25:21 --> 00:25:23 don't have to do a funded account challenge, you don't have to get funded,
290 00:25:24 --> 00:25:28 just do it with your demo. Stick to it gave you the rest of the year, the
291 00:25:28 --> 00:25:36 challenge yourself, stick to that model, try to just do that. He aims for 12 to
292 00:25:36 --> 00:25:45 15 handles, if he can get it great. And then he wants to bump up to 20. After we
293 00:25:45 --> 00:25:50 did that, we were going to do 25 We got to that we're gonna look for 30, we got
294 00:25:50 --> 00:25:55 to that 35, the goal was to get into 50. And then plateau there for the rest of
295 00:25:55 --> 00:25:57 the year, just just try for that
296 00:26:04 --> 00:26:12 his inexperience the least of room that you could have ever possibly have, is
297 00:26:12 --> 00:26:18 when you take the money out. They they put your their trailing stop loss thing,
298 00:26:18 --> 00:26:23 whatever it is, max loss day, something like that. When they stop you from
299 00:26:23 --> 00:26:29 trading for the day, all that changes to you, whatever you got left, basically.
300 00:26:30 --> 00:26:34 And when he took the second pay up his his thought processes this that I could
301 00:26:34 --> 00:26:42 take more trades with $1,600 in the account, left. But what happens if I
302 00:26:42 --> 00:26:47 don't do what I'm supposed to do? I already know its likelihood. So it's
303 00:26:47 --> 00:26:51 better for me to take $100 And then do whatever I want to do with it. And
304 00:26:51 --> 00:26:58 horses left, I got two payouts. To me 1500 hours is a lot. And I did two of
305 00:26:58 --> 00:27:02 them. And it feels good to do that. So that way, it removes any emotions that I
306 00:27:02 --> 00:27:05 have on that last day and on hearts because I know I'm going to I'm going to
307 00:27:05 --> 00:27:09 open up the two remaining funded accounts that he has that hasn't
308 00:27:09 --> 00:27:14 executed them, or what he called activated them. That's what he intended
309 00:27:14 --> 00:27:18 to do. So he'll have two new ones that he already earned. He didn't work for
310 00:27:18 --> 00:27:24 them now because he lost this one there in his pocket. He didn't do a linking of
311 00:27:24 --> 00:27:30 all three of them and compound his losses. He made an attempt to go okay,
312 00:27:30 --> 00:27:36 I'm going to do this. He put thought behind it, which I'm proud of. I'm glad
313 00:27:36 --> 00:27:45 to see him do that. Even though he got paid out twice, he burned it. He has two
314 00:27:45 --> 00:27:50 that he can now resume with. He's been paid. So the activation fees he has to
315 00:27:50 --> 00:27:56 pay on them still he's profitable. Everybody else that tries to do these
316 00:27:56 --> 00:28:02 things can't say that much. That's the facts. So when the facts speak for
317 00:28:02 --> 00:28:07 themselves, that yes, this stuff works. Yes, you can be young and inexperienced
318 00:28:07 --> 00:28:16 and still have a very simple model. But do you have discipline the following? Do
319 00:28:16 --> 00:28:20 you have the discipline to do what it is you're supposed to do and stop when
320 00:28:20 --> 00:28:27 you're supposed to stop? They bumped him up to five contracts, you can now trade
321 00:28:27 --> 00:28:32 five contracts. And that's what he fell victim to when he was doing his combine.
322 00:28:32 --> 00:28:36 He was trying to do the $150,000 account. And he was trading with 15
323 00:28:36 --> 00:28:40 contracts because it says you can trade up to 15 contracts. He didn't do the
324 00:28:40 --> 00:28:43 math he didn't think about he didn't know what to experience. The normal
325 00:28:43 --> 00:28:52 volatility of NASDAQ, mannequins flutter around in seconds 1015 handles and be
326 00:28:52 --> 00:29:00 nowhere still. You can't be trading with 15 Fucking contracts. Okay, you can't do
327 00:29:00 --> 00:29:07 that $300 per point or handle in a market that can fluctuate just in static
328 00:29:07 --> 00:29:13 noise. Okay, and I said that with conviction, when it's just just gyrating
329 00:29:13 --> 00:29:20 normally, in a one minute candle, it can flutter around and you can be up or down
330 00:29:21 --> 00:29:28 1000s of dollars. When you don't have any experience, or the grasp of money,
331 00:29:30 --> 00:29:35 the value of money he was just discovering it as a as a employee at a
332 00:29:35 --> 00:29:40 coffee shop. Prior to that any money he ever had was given to him a Christmas or
333 00:29:40 --> 00:29:46 a birthday car that he doesn't have any real tangible clue what the value of
334 00:29:46 --> 00:29:52 money is. He was earning that learning it and when you put him into a situation
335 00:29:52 --> 00:29:55 and put yourself in a situation like this, where you have the ability to see
336 00:29:56 --> 00:30:02 wow, if I close the trade at that moment, I can be up $1,000 I can be up
337 00:30:02 --> 00:30:08 $5,000 in less than five minutes. What's he going to do? What are you going to
338 00:30:08 --> 00:30:12 do? You're going to try to do that every single time. And that's how they get
339 00:30:12 --> 00:30:20 you. That's how this industry gets you. That's how your broker gets you. And I'm
340 00:30:20 --> 00:30:25 trying to be the voice of reason. So okay. There's a day and a time for you
341 00:30:25 --> 00:30:32 to be making $5,000 in trades there is. It says that today. You need to be
342 00:30:32 --> 00:30:39 comfortable in humble in the beginning, trading with one micro law trying to get
343 00:30:39 --> 00:30:46 those 10 handles graduate to 15 handles, can you get 20? Can you consistently do
344 00:30:46 --> 00:30:54 20 Each day can you do 20 handles? If you can do that, all you're doing then
345 00:30:55 --> 00:31:00 is then getting accustomed to now trading with two micros that's $10 per
346 00:31:00 --> 00:31:06 point if it's a yes, or $4 if it's a NASDAQ. But I can't get rich that way.
347 00:31:06 --> 00:31:10 Who the fuck says you can get rich? Who said that? You just did nobody else told
348 00:31:10 --> 00:31:14 you that you got in your head that you need to be rich overnight, and nobody's
349 00:31:14 --> 00:31:18 doing that in trading anyway. Why the hell you think you're gonna be the one
350 00:31:18 --> 00:31:29 that's gonna do it? Listen, all the Lambos all the Lexus, Mercedes Benz, the
351 00:31:29 --> 00:31:34 bullshit Audi's all that stuff. You can lease them for pennies on the fucking
352 00:31:34 --> 00:31:40 dollar and have a write off. Okay, all that stuff is easily obtained. You don't
353 00:31:40 --> 00:31:43 need to have that to encourage you as a trader to get the attention of other
354 00:31:43 --> 00:31:47 people. You're a trader. You're driving a leased vehicle. And there's nothing
355 00:31:47 --> 00:31:52 there's no knock against the lease. When I was running the mentorship, my
356 00:31:52 --> 00:31:58 Corvettes were being well, let me put this way. The 2019 was a lease. When I
357 00:31:58 --> 00:32:06 finished the lease, I paid it out. I own it. That's why it's still here. I got it
358 00:32:06 --> 00:32:10 in 2018. Guess what, folks? If it was a lease, it would have already been turned
359 00:32:10 --> 00:32:15 in and it's still here with me. I own all my cars. But that lease allowed me
360 00:32:15 --> 00:32:24 to write off $1,300 100% right off. You as an employee of whatever company you
361 00:32:24 --> 00:32:28 work for your car payment, your car note you have to eat that that's not a write
362 00:32:28 --> 00:32:34 off for you. It's what you do with your money. How are you? Are you financially
363 00:32:34 --> 00:32:40 literate? He's illiterate. He's learning literacy. Okay with money, he's learning
364 00:32:40 --> 00:32:46 it. My son will be making lots of money. My son will be a multi fucking
365 00:32:46 --> 00:32:50 millionaire from his own trading. So don't give me your fucking report cards
366 00:32:50 --> 00:32:54 what he should be doing what he should have done in one fucking month. Okay,
367 00:32:54 --> 00:32:57 one month, he's already kicked the shit out the statistics in the proper
368 00:32:57 --> 00:33:02 ministry. He literally beat it's fucking as I'm sorry, that's not what this
369 00:33:02 --> 00:33:06 Twitter space is about. But it just got on my skin. Like who the fuck are you to
370 00:33:06 --> 00:33:13 even comment on my son. But nonetheless, when you do the things I'm telling you
371 00:33:13 --> 00:33:18 to do, and you subscribe to The, the mindset I'm trying to cultivate in you.
372 00:33:19 --> 00:33:23 Okay? Hourly, if your first time coming to a live event here and you're
373 00:33:23 --> 00:33:28 listening to me. It sounds abrasive. It sounds toxic. It sounds toxic
374 00:33:28 --> 00:33:33 masculinity. I don't wear a maga hat. Okay, I didn't vote for Trump, in case
375 00:33:33 --> 00:33:38 you're wondering. But I do believe in the Constitution. And anything that goes
376 00:33:38 --> 00:33:40 on right now today, it's not the Constitution, I think should be
377 00:33:40 --> 00:33:43 abolished, and the people should be taken out the office. And that's the
378 00:33:43 --> 00:33:46 extent of that, I put that in there. Because I know some of you are
379 00:33:46 --> 00:33:50 wondering, what do I Where do I stand and all that stuff. I don't want to have
380 00:33:50 --> 00:33:57 a political slant when I'm talking to you. But the facts are this, when you
381 00:33:57 --> 00:34:05 submit yourself to a role based idea, you now have a Petri dish that you've
382 00:34:05 --> 00:34:11 placed yourself in. And it's it's a controlled environment, that you're
383 00:34:11 --> 00:34:15 willingly placing yourself and you can walk out of there anytime you want. But
384 00:34:15 --> 00:34:22 to do so, exhibits, what a lack of discipline. The whole point is for you
385 00:34:22 --> 00:34:26 to develop discipline, how do you do that? By playing a role based,
386 00:34:27 --> 00:34:33 controlled environment. You can only do this, you can never do this. And you can
387 00:34:33 --> 00:34:38 only do it this time and never that time. You can only look at this market.
388 00:34:38 --> 00:34:42 You can only do this in price. If it does this, you cannot do anything else.
389 00:34:42 --> 00:34:45 Once you press the button one time when you get out of that trade, whether it's
390 00:34:45 --> 00:34:49 good or bad. You cannot press that button again until another 24 hours have
391 00:34:49 --> 00:34:56 passed. So do you have the discipline to do that? My question today is do you
392 00:34:56 --> 00:35:05 have that discipline to do that? For at least 20 trading days. Some of you can't
393 00:35:05 --> 00:35:10 even do it one. And I know I was like that I know exactly what that feels
394 00:35:10 --> 00:35:15 like. It feels like I could be doing this so much is so counterproductive.
395 00:35:15 --> 00:35:18 This is counterintuitive. I should be doing it. No, no, no, no, no, no, no,
396 00:35:18 --> 00:35:24 no, no, no, no, no. You want to learn how to make money. You want to learn how
397 00:35:24 --> 00:35:26 to trade, you want to learn how to trade consistently, you want to be able to
398 00:35:26 --> 00:35:30 control your emotions, control, fear, greed, FOMO, all that stuff, all those
399 00:35:30 --> 00:35:33 things. You're worrying about all those things, and I'm telling you how to be
400 00:35:33 --> 00:35:40 all that stuff. Right here. My son encountered all that stuff. He saw what
401 00:35:40 --> 00:35:44 it looks like to have money flashing in those trades. And he didn't close on
402 00:35:44 --> 00:35:50 when he felt like he should have greed was touching him and saying you're on a
403 00:35:50 --> 00:35:57 roll boy. Push your edge. You know, it's gonna go right up there. You know, it's
404 00:35:57 --> 00:36:01 gonna go down. And if it does, you're gonna make $1,000 Your dad's gonna be so
405 00:36:01 --> 00:36:02 proud of you. He's
406 00:36:02 --> 00:36:06 gonna put your ass on Twitter. You're gonna be on blast. Imagine how good it's
407 00:36:06 --> 00:36:12 gonna feel. And $1,000 It's $1,000. Don't you want to make that? $1,000?
408 00:36:13 --> 00:36:17 Come on. Hold it a little bit longer. Yeah, yeah, the rules, say the close it
409 00:36:17 --> 00:36:21 right here. But take the limit order off. Take it off. You don't need that.
410 00:36:21 --> 00:36:26 It's holding you back. It's holding you back. Go a little bit further, just a
411 00:36:26 --> 00:36:29 little bit further down the road. That's where the better destination is. That's
412 00:36:29 --> 00:36:37 where all the cool cats hang out. It's over shit the bed tray turn around
413 00:36:37 --> 00:36:41 Riverstone and become a losing trade. How many times you've been there? How
414 00:36:41 --> 00:36:47 many times have you heard that voice? whispering in your ear? Don't Don't
415 00:36:47 --> 00:36:52 Don't close it. Don't Don't do it. Don't close the trade. Go for more. Yeah, you
416 00:36:52 --> 00:36:55 didn't think about that before you put the trade on. But look, you're smarter.
417 00:36:55 --> 00:36:59 Now you're into trade? Yeah, you're smart now, aren't you? The only thing
418 00:36:59 --> 00:37:06 smart is your asset hurts. The facts are, you have to submit yourself to a
419 00:37:06 --> 00:37:11 whole lot uncomfortable things. And you have to defer gratification. And that's
420 00:37:11 --> 00:37:15 what makes this hard. It makes it so hard. Because you want to have something
421 00:37:15 --> 00:37:21 to hold your head on, to cling to as a reason to keep going. Okay, and the fact
422 00:37:21 --> 00:37:25 that you're progressing, and doing things in a controlled environment, and
423 00:37:25 --> 00:37:30 you're not losing the discipline, you're not doing things recklessly, you're not
424 00:37:30 --> 00:37:35 demanding it to do more than you want it to do. And being content with that. That
425 00:37:35 --> 00:37:42 is progress. That is immaculate, that is impeccable. That is the the cream of the
426 00:37:42 --> 00:37:45 crop type of progress that you want to hold on to throughout your entire
427 00:37:45 --> 00:37:52 career. Because number one, it's realistic. It's required to be having
428 00:37:52 --> 00:37:57 any longevity in this industry, you have to be absolutely dialed in, and
429 00:37:57 --> 00:38:01 filtering out all these intrusive thoughts of doing things that's outside
430 00:38:01 --> 00:38:07 your model. And not allowing for circumstances that are outside of your
431 00:38:07 --> 00:38:14 model to yield a profit that you can't boast about that you can't champion. You
432 00:38:14 --> 00:38:20 can't parade around and say, Look what I did. Like Tom Hanks in the movie
433 00:38:20 --> 00:38:24 outcast. Where he gets up there, he makes fire for the first time and he
434 00:38:24 --> 00:38:29 starts beating us just look at me. I made fire. You know, funny scene, great
435 00:38:29 --> 00:38:33 scene. But that's exactly what it feels like when you make money. And you don't
436 00:38:33 --> 00:38:36 know what the fuck you did before? Like, how do you do that? I don't know. But
437 00:38:36 --> 00:38:41 it's burning, it's fine. It's lit. Your look for anything to make yourself feel
438 00:38:41 --> 00:38:44 good about that thing. But when you take a step back and think about what you did
439 00:38:45 --> 00:38:50 to get there, how did it happen? I can't replicate that. So therefore, why are
440 00:38:50 --> 00:38:55 you bragging about it? Tell nobody, you did it. And tell yourself in your
441 00:38:55 --> 00:39:02 journal. This doesn't count. I should not be doing these things. And I'm going
442 00:39:02 --> 00:39:05 to refrain from doing it. That's not beating yourself up. That's scolding
443 00:39:05 --> 00:39:10 yourself without having any negative connotations added to it. Very, very
444 00:39:10 --> 00:39:17 critical. You're gonna do it, folks. It's human nature. We're gonna do it. I
445 00:39:17 --> 00:39:22 am an I am a very monogamous man. Okay, I've never went out on my wife, I would
446 00:39:22 --> 00:39:29 never do that. Okay, I am a man true and true. I literally can appreciate a very
447 00:39:29 --> 00:39:33 attractive woman. And truth be told, she's caught my eye wandering into the
448 00:39:33 --> 00:39:37 southern hemisphere of a woman that may be attractive that walks by, I'm not
449 00:39:37 --> 00:39:42 looking at an oogling over her. But it's just the way it is a dog's adult, right?
450 00:39:42 --> 00:39:44 It doesn't mean I'm gonna go after her. It doesn't mean I'm gonna pursue it as
451 00:39:44 --> 00:39:48 me I'm gonna give her the time of day, or even that it would be warranted to do
452 00:39:48 --> 00:39:53 that. But she'll look at me she'll say, I saw that. And I'm like, it is
453 00:39:53 --> 00:39:57 automated, right? I work by nature. We're going to do it until I get out of
454 00:39:57 --> 00:40:01 this flesh. I'm going to sin Okay, it doesn't mean because I believe in
455 00:40:01 --> 00:40:05 Christ, it doesn't believe doesn't mean that I am a Christian doesn't mean, I'm
456 00:40:05 --> 00:40:08 walking on water and I'm holier than now, it just means that I have a
457 00:40:08 --> 00:40:10 redeemer and have someone that can ask that, forgive me when I make those
458 00:40:10 --> 00:40:15 mistakes and sin, until I leave this body, I'm gonna make mistakes. And as a
459 00:40:15 --> 00:40:19 trader, you are going to do things that you know you shouldn't do or regret that
460 00:40:19 --> 00:40:23 you did it. And experience will teach, you don't do that, again, those are the
461 00:40:23 --> 00:40:29 two transactions that you have to submit to and accept the consequences of it.
462 00:40:30 --> 00:40:33 And you can look at them and say, This is enough for me to never want to do it
463 00:40:33 --> 00:40:40 again. And some do that. Some smarter people do that, if they know they will
464 00:40:40 --> 00:40:44 never be able to wrestle themselves into submission, and build and forge
465 00:40:44 --> 00:40:50 discipline, the best thing you can do is stop and never do it again. Limit your
466 00:40:50 --> 00:40:54 losses to that and just say, You know what, I tried, I learned a lot about
467 00:40:54 --> 00:40:57 myself, I don't have the discipline to do that. And if I kept doing it, I would
468 00:40:57 --> 00:41:03 lose more money. That is a win. That is someone that is mature, and they
469 00:41:03 --> 00:41:06 understand their limitations as a human being. And they said, This is not for
470 00:41:06 --> 00:41:10 me. There it is, it's done. I'm gonna go do something else with my life. And
471 00:41:10 --> 00:41:15 guess what? Life is slow, continue, it ain't gonna, it's not gonna put you in
472 00:41:15 --> 00:41:21 the grave. You can't do this. That's one thing. But as traders, we can't imagine
473 00:41:21 --> 00:41:24 doing anything but this for the rest of our life. And for some of you to have
474 00:41:24 --> 00:41:28 that feeling right now, and you haven't found profitability yet, or consistency.
475 00:41:28 --> 00:41:31 You've already you've already subscribed to that. That's your lifestyle. Now,
476 00:41:31 --> 00:41:34 you're always going to be doing that you can't imagine yourself never doing this,
477 00:41:35 --> 00:41:39 or not doing it rather. That's a characteristic. That's a trait and a
478 00:41:39 --> 00:41:43 trader that needs to be there. If you can't imagine a time when you're not
479 00:41:43 --> 00:41:49 doing this, inside of you, that's the person I'm trying to help you cultivate.
480 00:41:49 --> 00:41:56 That's the trader and you that's the person that is trying to grow. And many
481 00:41:56 --> 00:42:01 of you are stifling that growth, you're choking it. You're smothering it, by
482 00:42:01 --> 00:42:05 constantly feeding toxicity to it, worrying about stuff that doesn't help
483 00:42:05 --> 00:42:10 that person in you, as a trader grow. You're holding that person back. And
484 00:42:10 --> 00:42:14 it's a perfect excuse why you failed, because you're doing it to yourself.
485 00:42:14 --> 00:42:18 Because deep down inside, you don't believe you deserve to be successful.
486 00:42:18 --> 00:42:21 And that's an unfortunate thing. And I had a Twitter spat on that which was
487 00:42:21 --> 00:42:29 raised, I did a SoundCloud about that. Are you deserving? Because honestly, I
488 00:42:29 --> 00:42:33 didn't feel like I deserved it when I was younger man. I certainly didn't feel
489 00:42:33 --> 00:42:39 like I earned any right to having disability. You know, while I wanted to
490 00:42:39 --> 00:42:47 have the better than average lifestyle, I, I didn't see this type of lifestyle.
491 00:42:47 --> 00:42:53 As the goal. I just wanted to not have to earn my job income on a week by week
492 00:42:53 --> 00:42:59 basis working for somebody else. Once I turned 40. That was that was my goal. I
493 00:42:59 --> 00:43:05 grew up in a very humble environment, where my grandfather made 300 hours a
494 00:43:05 --> 00:43:11 week as a person working in the lumber yard in Essex. He worked a forklift and
495 00:43:12 --> 00:43:18 stacked lumber all day. That's what he did. Nobody made a whole lot of money.
496 00:43:18 --> 00:43:27 And where we lived was literally called cardboard city. And it's hard to have a
497 00:43:27 --> 00:43:31 perspective about being rich, when you come from that when nobody else around
498 00:43:31 --> 00:43:37 you had that kind of money. My whole area in Middle River was all low income.
499 00:43:38 --> 00:43:41 Many of the people are out there, and my mother was one of them. We were on
500 00:43:41 --> 00:43:45 subsidies, we had food stamps, we had all that stuff. And when you live like
501 00:43:45 --> 00:43:50 that, it's real hard to open and broaden your mindset to living in a fluent
502 00:43:50 --> 00:43:55 lifestyle. That is what people that are movie stars live in. And that was my
503 00:43:55 --> 00:44:00 understanding is that little boy, only movie stars can live like that. So I'm
504 00:44:00 --> 00:44:04 not a movie star. So I can't accept that I can't see that happening. But I knew
505 00:44:05 --> 00:44:10 I'm sorry. I knew and I know still to this day that I was built differently.
506 00:44:11 --> 00:44:19 And I was not meant to be a slave. I was not meant to be prostituted have my time
507 00:44:19 --> 00:44:25 paid for at an under valued rate. And everybody that has a job has accepted
508 00:44:25 --> 00:44:28 that. I don't give a fuck what you do. Okay, how much you earn. You can call
509 00:44:28 --> 00:44:31 yourself a professional and you could be in a highly productive person in your
510 00:44:31 --> 00:44:38 field. You're still prostituting your time you're allowing someone else to put
511 00:44:38 --> 00:44:45 a value that they have kept. This is the this is what you're this is the most
512 00:44:45 --> 00:44:49 you're worth to me. And you better show up on time or the fucker where you're
513 00:44:49 --> 00:44:56 going. That's how I see a job. That's how I see it. And that may not be what
514 00:44:56 --> 00:45:00 you see, you may see something entirely different. You may be you You're
515 00:45:00 --> 00:45:03 blessed, you have a job and blah, blah. And I guess in a lot of ways you are,
516 00:45:03 --> 00:45:08 because everybody needs the habit in the beginning, but to live there and spend
517 00:45:08 --> 00:45:12 your entire existence in that. That's not me. And I don't want my sons and my
518 00:45:12 --> 00:45:17 daughter to have that. But they choose the path that they're in. Because I
519 00:45:17 --> 00:45:24 can't make them a trader unless they want to be a trader. That Nigma requires
520 00:45:24 --> 00:45:28 effort. You have to think about things and you have to be disciplined, and you
521 00:45:28 --> 00:45:33 have to follow specific things, or you'll lose money too. It's not an
522 00:45:33 --> 00:45:37 automated thing. It's not something that's gonna just automatically
523 00:45:37 --> 00:45:43 autonomously put you in to do any thinking at all. But they have to have a
524 00:45:43 --> 00:45:49 baseline and the only one of my kids that had the closest thing to it now is
525 00:45:49 --> 00:45:55 Cameron. Caleb, changes all the time. He wants to do swing trading, he wants to
526 00:45:55 --> 00:45:58 do day trading, he wants to be positioned trading, he's still finding
527 00:45:58 --> 00:45:59 himself.
528 00:46:03 --> 00:46:09 Cameron literally walked out there and proved it proved to me that he has it in
529 00:46:09 --> 00:46:14 him proved it to me that, you know, the information is transferable. And that my
530 00:46:14 --> 00:46:23 concepts in the hands of a neophyte no experience, reckless abandon and not
531 00:46:23 --> 00:46:27 giving a shit when anybody thinks about him. This going out there and just doing
532 00:46:27 --> 00:46:35 it. And, you know, it is what it is he did two times what most people can't get
533 00:46:35 --> 00:46:40 one off. He did three times. But most people can't get one off. And he did it
534 00:46:40 --> 00:46:47 in one month. After failing seven times. I think that's an interesting number.
535 00:46:47 --> 00:46:55 Completion. So you can look at your progress and look for all these things
536 00:46:55 --> 00:47:02 to nitpick and be argumentative and condescending to yourself, say, Oh, this
537 00:47:02 --> 00:47:09 is not good enough. Or you can say no, I no more this week, more than I did last
538 00:47:09 --> 00:47:15 week. I didn't crash and burn. On this day. On this time. I didn't do that
539 00:47:15 --> 00:47:20 foolish thing that I felt impulsively that I wanted to do. Whereas three weeks
540 00:47:20 --> 00:47:26 ago, I would have Are you willing to trade with less margin all the way down
541 00:47:26 --> 00:47:31 to one micro contract? If it meant that you're gonna fix all the problems that
542 00:47:31 --> 00:47:34 you're fearful of, and you're spending so much time and energy worrying about
543 00:47:34 --> 00:47:40 right now? What if I can't do it? What if I blow my account? What if I fail
544 00:47:40 --> 00:47:43 this challenge? What if I lose my funded account? What if I do this? What if I,
545 00:47:44 --> 00:47:51 what if you do what I'm asking him to do, which cost nothing. Trade in your
546 00:47:51 --> 00:47:58 demo with one micro lot. Aim for consistency with 10 points, look and see
547 00:47:58 --> 00:48:02 what it feels like to be with those trades and how little that amount of
548 00:48:02 --> 00:48:08 money is and conditioned yourself to see the point values. And then when you get
549 00:48:08 --> 00:48:14 real comfortable that you can do it consistently. offered up to one. I'm
550 00:48:14 --> 00:48:19 sorry, one more. So nine, treatment two. And we get comfortable with that got the
551 00:48:19 --> 00:48:28 three all the way up to 10, which is a standard mini lot. Once you do that
552 00:48:28 --> 00:48:33 cycle all the way back down to one micro lot. Now try to do it for 15 points.
553 00:48:35 --> 00:48:43 When you do that, consistently go up to two micro contracts and aim for that
554 00:48:43 --> 00:48:48 same 15 What are you doing? You're doing reps, you're doing sets, you're doing
555 00:48:48 --> 00:48:52 reps, you're conditioning yourself? Because none of you are ready to be
556 00:48:52 --> 00:48:56 trading with $300 for fucking point. Okay, I don't give a fuck if it's a
557 00:48:56 --> 00:49:05 combine, combine, challenge whatever $300 per point, folks, that is size in
558 00:49:05 --> 00:49:10 on a market that moves. And when you have no experience, and you're limiting
559 00:49:10 --> 00:49:15 it to just I hope it works out for me. That is not sound logic. That is not
560 00:49:15 --> 00:49:20 what traders do. That's what gamblers do. You're gambling. And I'm sorry if
561 00:49:20 --> 00:49:24 you want to resist that definition, and call it something other than what it is.
562 00:49:24 --> 00:49:30 But that's absolutely what it is. And that's going to hold you hostage and
563 00:49:30 --> 00:49:34 you'll never be able to hold those long winning big runners from today. Because
564 00:49:34 --> 00:49:38 you're worried about that big win, dissolving down into a loss or a smaller
565 00:49:38 --> 00:49:43 win. Instead of submitting to the idea that the trade is really designed to go
566 00:49:43 --> 00:49:47 here. And it doesn't matter how much I have. I've traded what I could afford. I
567 00:49:47 --> 00:49:52 traded where my sweet spot in equities, you might discover no matter how much
568 00:49:52 --> 00:49:59 money you earn. I have students that made very, very huge runs in there.
569 00:50:00 --> 00:50:07 Pretty big fucking money, end of working kind of money, okay. And they won't
570 00:50:07 --> 00:50:14 trade more than 10 contracts, no matter what, they can do a whole lot more. But
571 00:50:14 --> 00:50:18 why won't they go more intense, because they don't like how they feel about the
572 00:50:18 --> 00:50:25 trades when they're trading with more than that. That's maturity. That's a
573 00:50:25 --> 00:50:29 discipline mindset that has went to the processes I'm telling you to do. They
574 00:50:29 --> 00:50:33 went through it meticulously, they submitted it, they submitted themselves
575 00:50:33 --> 00:50:37 to it. And they discovered that little sweet spot where you might only be a
576 00:50:37 --> 00:50:42 three contract trader, and you are fucking phenomenal as a three contract
577 00:50:42 --> 00:50:46 trader, beat the brakes off everybody else that's trying to trade with 15
578 00:50:46 --> 00:50:52 contracts. Not that you should be comparing and contrasting. But there are
579 00:50:52 --> 00:50:55 levels to this stuff that none of you are considering, they're going to be
580 00:50:55 --> 00:51:00 highly impactful to you as the trader and how you think, just because it's
581 00:51:00 --> 00:51:05 available, just because me or someone else that might be a student of mine, or
582 00:51:05 --> 00:51:08 someone else that doesn't even trade like us, is trading with whatever
583 00:51:08 --> 00:51:13 fucking amount it is, has this much in funding has this much in payout who
584 00:51:13 --> 00:51:17 gives a flying fuck, you can't spend their money, you're not driving their
585 00:51:17 --> 00:51:19 cars, you're not sleeping in their fucking house, they're not going to do
586 00:51:19 --> 00:51:22 anything for you not going to pay your fucking bills. So you got to find your
587 00:51:22 --> 00:51:26 own way in this. They found their own way. And they're comfortable doing what
588 00:51:26 --> 00:51:31 they're doing, if it's, you know, gambling out their fucking mind and
589 00:51:31 --> 00:51:33 doing high risk all the time. And they're comfortable with that. Guess
590 00:51:33 --> 00:51:36 what? There are professional poker players that do that, and they make
591 00:51:36 --> 00:51:40 their living doing it? Are you a professional fucking poker player? Are
592 00:51:40 --> 00:51:46 you on that fucking final table every fucking year? No. So stop trying to do
593 00:51:46 --> 00:51:51 that stuff and trading. You want it to be steady Eddie, stuff that this is
594 00:51:51 --> 00:51:57 going to happen. And you can trust it. and work towards that each day you, you
595 00:51:57 --> 00:52:01 train yourself and you conditioned yourself, do those things in mind. And
596 00:52:01 --> 00:52:06 the facts will speak for themselves, progress will be measurable. It's not
597 00:52:06 --> 00:52:10 going to be overnight. And it shouldn't be overnight. You can't get comfortable
598 00:52:11 --> 00:52:17 doing things like this that are highly technical, highly dependent on a mindset
599 00:52:17 --> 00:52:23 that is fortified in something that you believe in, that you know will continue.
600 00:52:23 --> 00:52:26 The people that are asking me, this is going to start working, you're never
601 00:52:26 --> 00:52:31 going to be a trader. You're never going to amount to shit as a trader. As long
602 00:52:31 --> 00:52:34 as you start worrying about those types of things. You're looking for excuses.
603 00:52:34 --> 00:52:38 Why not to do it. That's what you're really asking me. You're asking me to
604 00:52:38 --> 00:52:45 give you permission to say don't try. Think about it is a lot of work. You can
605 00:52:45 --> 00:52:49 make a lot of money. But it's a lot of user studies a lot of things to do. He
606 00:52:49 --> 00:52:53 asked me do a lot of stuff, man. I really liked my personal time. And all
607 00:52:53 --> 00:52:56 the TV shows and streaming apps that I have I've watched too much fucking stuff
608 00:52:56 --> 00:53:03 to put this in there. I had no time for this. What's the chances that it was not
609 00:53:03 --> 00:53:06 working? If all these people start doing ICT? Is this going to stop working? Or
610 00:53:06 --> 00:53:08 they're gonna change the algorithm? Yeah, they are. They're gonna stop it.
611 00:53:08 --> 00:53:11 They're gonna change right now. Don't bother go back to watch and fucking
612 00:53:11 --> 00:53:16 family fucking feud. Okay, go ahead. Just go back to doing that. Go watch
613 00:53:16 --> 00:53:18 your television, go listen to the fucking news. Go do whatever you want to
614 00:53:18 --> 00:53:22 do waste your time doing other things because this isn't going to be
615 00:53:22 --> 00:53:30 profitable for you. Either saved you a whole lot of time and money done. But
616 00:53:30 --> 00:53:35 some of you know better than that. And that's who my audience is. So hopefully
617 00:53:35 --> 00:53:40 you found some insight this week with me and learn some things and found some
618 00:53:40 --> 00:53:44 encouragement. I'm going to encourage you to have a very pleasant relaxing
619 00:53:44 --> 00:53:49 weekend. I'm going to do the same thing now likewise, and Lord willing, I will
620 00:53:49 --> 00:53:52 talk to you on Monday. Until then, be safe