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056-ict-tw-spaces-2023-10-14-When-Motivation-Becomes-Impulse

Last modified by Drunk Monkey on 2024-09-25 09:01
1 00:01:09 --> 00:01:15 ICT: Good gracious man, it's still a good morning. So I think I think I
2 00:01:15 --> 00:01:21 figured out what's going on, every time I schedule a Twitter space and then try
3 00:01:21 --> 00:01:26 to start it up, it acts up. But if I just start one right on the fly, it
4 00:01:26 --> 00:01:31 seems to be fine. So I guess if we do any more space between now and November
5 00:01:31 --> 00:01:34 11, it'll just have to be one of those guerrilla attacks where you just don't
6 00:01:34 --> 00:01:40 know when it's coming. And there is a spring and I'd be doing all all there,
7 00:01:40 --> 00:01:48 well, this fine Saturday morning, hope you're safe and in good spirits. I am,
8 00:01:49 --> 00:01:55 admittedly, a little tired, stayed up all last night, working on some things
9 00:01:55 --> 00:02:01 in my writings. getting prepared because we're getting real close to that 1
10 00:02:01 --> 00:02:07 million mark on on YouTube, which is insane. At the time of this Twitter
11 00:02:07 --> 00:02:16 space at 877,000 followers, which is absolutely incredible. And it's it's
12 00:02:16 --> 00:02:20 really intimidating, when I think about it, it's a lot of a lot of folks all
13 00:02:20 --> 00:02:25 around the world listening to my talk about things that can change their
14 00:02:25 --> 00:02:28 entire legacy and family tree in terms of financial.
15 00:02:34 --> 00:02:39 The topic this morning, immediately, I'd have a hard time finding something to
16 00:02:39 --> 00:02:43 talk about. And it's probably sounds strange. But I've been preoccupied since
17 00:02:43 --> 00:02:48 last Friday, with following along the events and listening to people that
18 00:02:48 --> 00:02:57 actually are over there, in Israel and in Gaza. I have students from both
19 00:02:57 --> 00:03:05 groups, and both of them want me to talk about things and defend each side. So
20 00:03:05 --> 00:03:08 I'm gonna make a blanket statement here in two sentences. And then that's all
21 00:03:08 --> 00:03:17 I'm gonna say about it. Okay. What you're doing is prophesied. I don't have
22 00:03:17 --> 00:03:23 an answer for it. And I pray for both of you. Because there's children that are
23 00:03:23 --> 00:03:30 suffering, adults, they can make these decisions to war. But the children don't
24 00:03:30 --> 00:03:37 have that they're taught to do these things. And it's both sides. So that's
25 00:03:37 --> 00:03:47 my statement on it. But the the topic this morning, came to mind when I
26 00:03:47 --> 00:03:56 thought about my son. Where as a new trader, maybe as a new student, someone
27 00:03:56 --> 00:04:01 that's trying to dabble into technical analysis and trading and seeing who has
28 00:04:01 --> 00:04:05 what is appropriate for them. Because not everything that I teach is going to
29 00:04:05 --> 00:04:11 be appropriate for everyone. And for most of you, you when you come in, if
30 00:04:11 --> 00:04:14 you've ever listened to anybody else, teach or talk about the markets, as soon
31 00:04:14 --> 00:04:21 as I dropped the, the idea, or suggested the idea or make the case that there is
32 00:04:21 --> 00:04:26 at 100% manipulation and control the markets and it's algorithmic. And before
33 00:04:26 --> 00:04:29 electronic trading became a thing, it was a group of men that actually
34 00:04:29 --> 00:04:35 controlled price. And they worked there, the real market makers when they was
35 00:04:35 --> 00:04:42 automated, and turned to electronic format, their scripts that run and I
36 00:04:42 --> 00:04:47 don't know why it's so hard for people to accept this but but I understand that
37 00:04:47 --> 00:04:52 it goes against the brain that's been established in this industry because so
38 00:04:52 --> 00:04:56 many people have titles and so many people have accolades that were given
39 00:04:56 --> 00:05:02 because of whatever they've done, and they attributed it to The previous
40 00:05:02 --> 00:05:06 archaic idea is that the markets are buying and selling pressure or supplying
41 00:05:06 --> 00:05:11 demand factors. And it's not, it's manipulation, control sentiment. And
42 00:05:11 --> 00:05:15 unseating those individuals for the purposes of fleecing them and taking
43 00:05:15 --> 00:05:19 their position over and then taking the money. So that's really what it's all
44 00:05:19 --> 00:05:26 about. It's war. It's warfare, basically, and deception. So if you
45 00:05:26 --> 00:05:34 understand going into that it's not shocking. It's, it's armed use that way
46 00:05:34 --> 00:05:38 you come in with the right mindset so that we're not worrying about your
47 00:05:38 --> 00:05:44 system being perfect, you're more concerned about not falling victim to
48 00:05:44 --> 00:05:50 what is predominantly used against retail thought. But as a new trader, as
49 00:05:50 --> 00:05:55 a new student, or someone that's trying to do it, it's really easy to get
50 00:05:55 --> 00:06:01 motivated in the beginning. Seeing other people show you their results, seeing
51 00:06:01 --> 00:06:07 students getting interviewed and talking about how empowered they feel, in taking
52 00:06:07 --> 00:06:11 money out of marketplace, and being able to spend it not to simply have some kind
53 00:06:11 --> 00:06:16 of Market Replay report, which can't spend money on or a demo account, which
54 00:06:16 --> 00:06:22 we're not paying taxes on demo. And you can't pay your bills on that. You can't
55 00:06:22 --> 00:06:26 pay your bills, and take your spouse or significant other over to a nice
56 00:06:26 --> 00:06:31 restaurant once a month. And not think too much of it because of a paper or
57 00:06:32 --> 00:06:40 tape reading event, those results. Don't pay the bills. So when you finally get
58 00:06:41 --> 00:06:49 to the point where you want to try to do this, and you feel motivated. A strange
59 00:06:49 --> 00:06:53 thing takes place when you're out there watching price action live. And when you
60 00:06:53 --> 00:07:00 know, there's a likelihood of a big news driver coming out something that we call
61 00:07:00 --> 00:07:07 a volatility injection, which is a red folder, event on the calendar. You can
62 00:07:07 --> 00:07:13 use the econo day, or you can use the Forex factory calendar, I use those
63 00:07:13 --> 00:07:20 interchangeably. But going back years and years and years ago, before Forex
64 00:07:20 --> 00:07:27 was available to us, as traders, a common day. And the equivalent was
65 00:07:27 --> 00:07:31 always the economic calendar. Everybody wanted to but I liked the format for
66 00:07:31 --> 00:07:36 forex factory because it was easy for me to snatch those and share them as a
67 00:07:36 --> 00:07:40 screenshot to students when I was just just teaching predominantly the forex
68 00:07:40 --> 00:07:48 market. Well, when we have these motivations in the beginning, as a new
69 00:07:48 --> 00:07:52 interested party and speculation, learning how to trade, learning how the
70 00:07:52 --> 00:07:57 markets book price and how to engage it and try to seek a pattern, a model and
71 00:07:57 --> 00:08:02 approach to trading plan something to get you into a trade help you manage it,
72 00:08:02 --> 00:08:10 control your impulses. Aiming for a result that is hopefully gainful at the
73 00:08:10 --> 00:08:14 end. And if not, not as much of a painful loss that would be so
74 00:08:14 --> 00:08:20 debilitating, they would remove your interest or remove the motivation. But
75 00:08:20 --> 00:08:26 when you are watching Real Time, live price action, whether it's tape reading,
76 00:08:27 --> 00:08:31 whether it's demo trading, whether it's trading, a combine and trying to get a
77 00:08:31 --> 00:08:38 funded account passed, or trading a funded account. Or live your money at
78 00:08:38 --> 00:08:46 risk. It's a weird phenomenon that takes place where all the motivation that led
79 00:08:46 --> 00:08:50 up to you wanting to do this now you're here, you're at the you're at the you're
80 00:08:50 --> 00:08:54 at the dance now. Okay, you're just sitting there and you're watching price
81 00:08:54 --> 00:08:59 action real time, you're not studying it in hindsight and back testing. You are
82 00:08:59 --> 00:09:03 now met with the uncertainty of that hard right edge and you don't know where
83 00:09:03 --> 00:09:11 it's gonna go. And if you subscribe to an opinion, that opinion may be
84 00:09:11 --> 00:09:15 challenged immediately, as soon as you associated to whatever you see in the
85 00:09:15 --> 00:09:24 charts. And that motivation sometimes can become impulse. Everything that you
86 00:09:24 --> 00:09:29 try to do in the beginning, that leads you into the idea of pursuing
87 00:09:29 --> 00:09:34 profitability. This is your career. This is your secondary income. This is your
88 00:09:34 --> 00:09:39 retirement plan. This is your get rich, program, whatever it is, all of you're
89 00:09:39 --> 00:09:44 going to have different views about why you're doing this. You want to impress
90 00:09:44 --> 00:09:51 your in laws. I always found that very amusing when in 1995. I heard Larry
91 00:09:51 --> 00:09:56 Williams, you talk about that. That's when he would do seminars, you know,
92 00:09:56 --> 00:09:59 live events where people would be there and he's teaching them they would send
93 00:09:59 --> 00:10:03 out quite snare in the beginning. You know, what are you trading for? Like,
94 00:10:03 --> 00:10:07 what? Why are you trading? And he said, it was fun to read a lot of the
95 00:10:07 --> 00:10:10 responses and people would say like new to the prove the my mother in law I was
96 00:10:11 --> 00:10:17 you really worth it for their daughter to be married to him, right? I mean, all
97 00:10:17 --> 00:10:23 of us have the secondary reasons to get in. And I had that. That's the, that's
98 00:10:23 --> 00:10:26 the real reason why I got into it. And that's why it made, it made me laugh
99 00:10:26 --> 00:10:32 when I first heard it, but also was pulling back in as an audience of one
100 00:10:33 --> 00:10:37 watching his VHS tape in 1995. It made me feel uncomfortable, because he nailed
101 00:10:37 --> 00:10:41 me right there. Because that's why I started trading. The whole reason why I
102 00:10:41 --> 00:10:47 started in pursuing it was I wanted to be better and bigger than everybody else
103 00:10:47 --> 00:10:53 thought I would be or am. And as a young man, you're very vulnerable, you're
104 00:10:53 --> 00:11:01 vulnerable to the, the effects of other people's opinions of you. And young men
105 00:11:01 --> 00:11:05 typically will act like they don't care. And they'll raise up and they'll use
106 00:11:05 --> 00:11:10 colorful language and maybe even want to throw hands. Because you've really just
107 00:11:10 --> 00:11:16 crushed them. And I was like that a 20 year old, you know, I wanted to find
108 00:11:17 --> 00:11:23 success outside of the normal venues and routes that people take you working as
109 00:11:23 --> 00:11:28 an employee going through college, you're trying to be the good slave. And
110 00:11:28 --> 00:11:31 I don't have that I've never really had that mindset. And it was very hard for
111 00:11:31 --> 00:11:38 me to try to subscribe to that view in the beginning. Because it had in my
112 00:11:38 --> 00:11:42 mind, it was a plan B, like I was going to do everything I could to figure out
113 00:11:42 --> 00:11:47 how the markets work. But if I couldn't, at least I have a degree, at least I can
114 00:11:47 --> 00:11:52 go in. At the worst case, I could be a programmer, worst case. But I was
115 00:11:52 --> 00:12:01 learning COBOL C ICs, Pascal basic, C++, that was the highest at the time when I
116 00:12:01 --> 00:12:12 was going through. Now did any of that help me get a job, no. didn't help me
117 00:12:12 --> 00:12:15 get a job at all. And all the things that I started with as a motivation.
118 00:12:15 --> 00:12:20 Like I'm going to be a systems analyst, I'm going to be a consultant for
119 00:12:20 --> 00:12:23 companies and I'm gonna have my own firm. That was my plan, I didn't want to
120 00:12:23 --> 00:12:24 be a
121 00:12:25 --> 00:12:31 in an IT specialist, or a computer programmer, someone working for a
122 00:12:31 --> 00:12:35 company, my motivation was always I'm going to have my own place my own thing,
123 00:12:35 --> 00:12:38 I'm going to call the shots for myself, because I don't want other people
124 00:12:38 --> 00:12:42 telling me what I want to do. So I was motivated. And what's weird is I was
125 00:12:42 --> 00:12:50 never impulsive at all, in my decision making, while going through the required
126 00:12:50 --> 00:12:56 lessons classes, getting the credits, working towards a degree that would in
127 00:12:56 --> 00:12:59 my mind, I thought it was going to who wouldn't want someone with computer
128 00:12:59 --> 00:13:03 science and specializing in business management? Who I mean, if you think
129 00:13:03 --> 00:13:09 about that, I mean, like you got it, right. That's what my opinion was. And I
130 00:13:09 --> 00:13:13 was never impulsive. I was submissive to whatever. This is the prerequisites for
131 00:13:13 --> 00:13:17 this class. To get this, you got to do this, you got to do that. And trading
132 00:13:17 --> 00:13:25 wasn't even in my mind, my thoughts like it wasn't there. I wanted to be an
133 00:13:25 --> 00:13:32 entrepreneur. And because of circumstances working for a Jewish
134 00:13:32 --> 00:13:40 family in Owings Mills, in a chance, opportunity to see a magazine that I
135 00:13:40 --> 00:13:44 don't know, maybe I would have saw it on on a news rack somewhere. But I never
136 00:13:44 --> 00:13:50 really would have, in my mind, wanted to reach for Entrepreneur Magazine, you
137 00:13:50 --> 00:13:56 know, because it's like anything else is most of its advertisements. But it just
138 00:13:56 --> 00:14:00 happened that magazine was laying on the desk in front of me. And I asked my then
139 00:14:00 --> 00:14:05 boss, I said, I said, Glenn, Can Can I borrow this tonight? I'll bring it back.
140 00:14:05 --> 00:14:09 He's like you have it. And you know, the story, that little classified ad in the
141 00:14:09 --> 00:14:15 back, started the whole process of learning about commodities, which was
142 00:14:15 --> 00:14:19 coming full circle, because when I was 1415, and 16 years old, my uncle was
143 00:14:19 --> 00:14:23 telling me the richest people in the world trade futures and options. Get
144 00:14:23 --> 00:14:28 yourself a good job. He was pushing me to be an electronic technician. And I
145 00:14:28 --> 00:14:34 wasn't interested in that. And in sixth grade, I was making my own games. I was
146 00:14:34 --> 00:14:40 coding them. I would stay after school in the math class, and I would ask the
147 00:14:40 --> 00:14:44 teacher, teacher, I said, Can I stay as long as you stay and when you leave,
148 00:14:44 --> 00:14:49 I'll leave with no problem. And sometimes I would be lucky enough to be
149 00:14:49 --> 00:14:54 there till 630 Other days, it would just be 30 minutes and I'd walk home angry
150 00:14:54 --> 00:14:57 that I didn't get enough time to practice and use because I didn't have a
151 00:14:57 --> 00:15:04 computer. Like I didn't have one. So, you these are all the days when we had
152 00:15:04 --> 00:15:09 to floppy disks, you couldn't put anything on it. Like it was nothing,
153 00:15:09 --> 00:15:12 there's like, literally no storage whatsoever. And the computers were just
154 00:15:13 --> 00:15:19 glorified calculators, right. But I was never impulsive about any of it. But
155 00:15:19 --> 00:15:23 I've always been 1,000% in whatever I've been in. I've always been, you know,
156 00:15:24 --> 00:15:29 1,000% effort into it. But I was never really impulsive about any decision
157 00:15:29 --> 00:15:35 making that was associated with that career path. So I found it a little bit
158 00:15:35 --> 00:15:46 shocking when looking at price as a 20 year olds, and the potential to make a
159 00:15:46 --> 00:15:50 lot of money in a very short period of time. And the sense of accomplishment
160 00:15:50 --> 00:15:58 that it might present to me it was a perfect storm where I'm entering a field
161 00:15:58 --> 00:16:08 brand new 1992 I have no idea what's going on. No idea how to trade I read
162 00:16:08 --> 00:16:13 one book that was basically a rag that just introduced something that was not
163 00:16:13 --> 00:16:18 even a method. Like I've presented you lots of concepts but I've also given you
164 00:16:18 --> 00:16:22 specific models, how to use it, what time it's going to form how to enter it,
165 00:16:22 --> 00:16:26 how to put your stop loss into it, how to add to it where to target that's a
166 00:16:26 --> 00:16:30 complete absolute no excuse now you know how to trade and you can apply to any
167 00:16:30 --> 00:16:34 timeframe. I didn't have that when I first started I had this is a head and
168 00:16:34 --> 00:16:39 shoulders pattern. This is a bull flag. This is a channel breakout. This is a
169 00:16:39 --> 00:16:44 wedge, this is an ascending triangle descending triangle. And this is a
170 00:16:44 --> 00:16:52 broadening top and bottom formation or megaphone pattern trend lines that's
171 00:16:52 --> 00:17:00 what I that's what I came into trading commodities with and the first step out
172 00:17:00 --> 00:17:10 of the gate in that race impulse showed up mine I didn't know it then I had no
173 00:17:10 --> 00:17:17 idea what I was doing why I was even doing it at all I completely lost the
174 00:17:17 --> 00:17:21 focus of what was the motivation for me to be there. I mean, it got me there he
175 00:17:21 --> 00:17:25 got me to the point where I put money into a brokerage account. He got me to
176 00:17:25 --> 00:17:30 the point where I was willing to accept the pay one vow 100 hours per contract
177 00:17:31 --> 00:17:39 which they call full service commission. And as a new trader, it felt like they
178 00:17:39 --> 00:17:44 were going to protect me and for the most part they they will just help you.
179 00:17:45 --> 00:17:48 You sir you want to go along it means you're trying to make money as it goes
180 00:17:48 --> 00:17:54 up. Right? Okay. Do you want to use a stop loss? How much are you willing to
181 00:17:54 --> 00:18:03 risk and they would help you determine that was Fox investments. Now when you
182 00:18:03 --> 00:18:08 went with Lindwall doc or Iran Epstein or something to the equivalent,
183 00:18:08 --> 00:18:12 something where you know, they expect you to know your orders, they didn't
184 00:18:12 --> 00:18:15 deny me to handhold like they want to get your order and get off the phone.
185 00:18:15 --> 00:18:20 That's the way it was back then we call it in our orders. And some of you just
186 00:18:20 --> 00:18:27 don't understand the gravity of that and how that would make it even more complex
187 00:18:27 --> 00:18:34 for you right now. You're all young you're all fresh faces in this industry
188 00:18:34 --> 00:18:42 listening to me and your thinking was that like yams, some not only did you
189 00:18:42 --> 00:18:47 have to be right and you had time to market but you had the men time the
190 00:18:47 --> 00:18:50 market in a way where you were anticipating the setup because you know
191 00:18:50 --> 00:18:54 when you called the broker, you got the front desk first. Then you got to give
192 00:18:54 --> 00:18:58 them your your desk number or letter. Since my last name was Huddleston and I
193 00:18:58 --> 00:19:03 was on the H desk. Okay go to H desk and you wait for them to pick up the phone
194 00:19:03 --> 00:19:08 usually within 10 rings they pick up and then they tell you okay each desk which
195 00:19:08 --> 00:19:13 order and you tell them your account number and then you give them an access
196 00:19:13 --> 00:19:18 that says that you verifies who you are kind like a pin and then you tell them
197 00:19:18 --> 00:19:21 what you want to do. And then they read the order back to you the whole time.
198 00:19:22 --> 00:19:27 All of this is going on the markets ticking around up and down up and down
199 00:19:27 --> 00:19:34 maybe running away from you. And I had live cattle trades that did it was like
200 00:19:35 --> 00:19:40 they open the gate and they all ran out and you know I was buying something way
201 00:19:40 --> 00:19:43 past the price I should shut up but I was thinking well, you know my
202 00:19:43 --> 00:19:48 motivation. My motivation told me that I need to be on the phone calling the
203 00:19:48 --> 00:19:53 broker and when he told me the price because everything I was doing was
204 00:19:53 --> 00:20:01 market orders. market orders. In a move that envelope It's already started
205 00:20:01 --> 00:20:07 running. And the price he's telling me, literally is $400. past where I'm trying
206 00:20:07 --> 00:20:18 to get in my motivation became impulse. I had to be part of that move. It just
207 00:20:18 --> 00:20:24 confirmed that I was right about where it's gonna go. And I was so willing to
208 00:20:24 --> 00:20:30 be part of it. So I can claim I was right, I was willing to be placed in the
209 00:20:30 --> 00:20:37 trade at a very poor location. And I had to sit through a day of drawdown because
210 00:20:37 --> 00:20:43 I bought it at an inflated price. And then my price was literally like, four
211 00:20:43 --> 00:20:48 or five ticks away from the high of the day. And then it just receded back
212 00:20:48 --> 00:20:51 throughout the day. And I was watching on my quote, trek, which is a little
213 00:20:51 --> 00:20:54 handheld device and not much, really nothing. I'm seeing the mention that of
214 00:20:54 --> 00:20:58 my ultra 20 Right now, which is a Samsung phone I use, I use Android
215 00:20:58 --> 00:21:07 because Apple sucks the product folks who want to know why I think that it
216 00:21:07 --> 00:21:13 just, I've had two phones where they failed on me. And Apple would not go in
217 00:21:13 --> 00:21:16 and open a phone, not for me so I can get my videos out. So I've lost several
218 00:21:16 --> 00:21:23 Christmases and birthdays and things that I filmed that I can't access. So
219 00:21:23 --> 00:21:29 that's what that's my beef with Apple. Okay. But now since I'm a Samsung user,
220 00:21:29 --> 00:21:36 Android is better way, way better. But that same dimension size of the phone
221 00:21:36 --> 00:21:40 I'm using can't wait to get rid of on November 12. The,
222 00:21:42 --> 00:21:45 the size and dimension of this is almost equivalent to what a quote Trek was
223 00:21:46 --> 00:21:50 coatrack was little bit bulkier. But what that was, is a little device that
224 00:21:50 --> 00:21:55 had an extendable antenna on top of it. And it would give us real time quotes.
225 00:21:56 --> 00:22:03 It wasn't charts, it was just quotes. So I was learning in the same way that
226 00:22:03 --> 00:22:08 floor traders traded. Now, I didn't know that I wasn't being trained with the
227 00:22:08 --> 00:22:13 idea that this is what you're doing. But you have to have defined ranges where
228 00:22:13 --> 00:22:19 the price was the previous day, the high low. And then I would have ranges of the
229 00:22:19 --> 00:22:22 morning session was the previous day with the afternoon session high and low
230 00:22:22 --> 00:22:26 was and then what was the last hour tiny amount of trading before it closed,
231 00:22:26 --> 00:22:33 whatever market I was interested in. And those ranges I used to determine whether
232 00:22:33 --> 00:22:38 or not it was still favorable for me to enter. And I was only trying to be a
233 00:22:38 --> 00:22:44 buyer, because I didn't understand shorting. But here I am. broker's
234 00:22:44 --> 00:22:49 telling me, yeah, you love candles at this price now. And he confirms the
235 00:22:49 --> 00:22:54 order you want to you want to be buying at this price, which is where we're at
236 00:22:54 --> 00:22:59 right now at market. And then you wait, they wait for you to confirm it. Yes.
237 00:22:59 --> 00:23:05 And then it's okay. You want to hold for your confirmation? Yes. And then come
238 00:23:05 --> 00:23:10 back. A minute or so. The whole time you're on the phone waiting. It's moving
239 00:23:10 --> 00:23:14 around. Now. Think about what you're witnessing in your, in your charts live.
240 00:23:15 --> 00:23:18 From the time you feel like it's time for you to take the trade. Then you
241 00:23:18 --> 00:23:25 gotta find a payphone. Get out of your vehicle. Walk over to it. Hopefully
242 00:23:25 --> 00:23:30 there's nobody in the payphone. Sometimes I had to wait. But my
243 00:23:30 --> 00:23:34 motivation that brought me to that trade. Sometimes I offered the guy
244 00:23:34 --> 00:23:38 looking Can I have? Can I have that phone? Here's 20 bucks, please. I need
245 00:23:38 --> 00:23:42 to make this phone call. Yeah, sure. Here you go. And then I lost money on
246 00:23:42 --> 00:23:49 trade. So it was an insult to injury right? But motivation led to impulse.
247 00:23:50 --> 00:23:56 What does that mean? What's your point here ICT What are you getting at? The
248 00:23:56 --> 00:24:06 things that make you feel like you want to be able, willing to inviting the
249 00:24:06 --> 00:24:14 risks. You don't respect that same measure of risk. When now when you are
250 00:24:14 --> 00:24:20 really at that moment where you could still say no, I'm not gonna do it. Let
251 00:24:20 --> 00:24:28 me just let me sit still and not do it. So your motivation leads you to the
252 00:24:28 --> 00:24:30 dance. I mean, you're in front of the chart. You're sitting there, you're
253 00:24:30 --> 00:24:34 watching you have your silver bullet in mind. You have your optimal trade entry
254 00:24:34 --> 00:24:38 in mind you have, you know, whatever else I've ever taught that you've
255 00:24:38 --> 00:24:43 gravitated to as your model. You have your draw on liquidity you believe it's
256 00:24:43 --> 00:24:47 going to go here, it's going to go there and you're ready to see it. I think it
257 00:24:47 --> 00:24:52 just gives you a fair value get your in there. But then something magical
258 00:24:52 --> 00:24:59 happens. Something magical comes in and changes everything. It's like your
259 00:24:59 --> 00:25:04 perception completely changes and it becomes sometimes like a language you've
260 00:25:04 --> 00:25:09 never read before. And you're, you're like a deer in headlights, you're
261 00:25:09 --> 00:25:14 paralyzed. You knew what you wanted to do. Now you're from the charts and
262 00:25:14 --> 00:25:20 you're watching life practice action, and you can't do it. You're waiting for
263 00:25:20 --> 00:25:27 something to appear as a nudge a little. You're right now take it. And many of us
264 00:25:27 --> 00:25:32 when we first start, we call that confirmation. The only thing that it
265 00:25:32 --> 00:25:38 confirms, is you sat there too long. That's what it confirms you sat there
266 00:25:38 --> 00:25:42 too long. Now it's already moved, it will be better for you to wait for some
267 00:25:42 --> 00:25:47 kind of a down close candle in a lower timeframe. Reach into a fair pay gap if
268 00:25:47 --> 00:25:51 you're bullish. And then use that don't chase running higher price when you're
269 00:25:51 --> 00:25:56 bullish, don't do it. Don't do it. Because the only thing you're doing is
270 00:25:56 --> 00:25:59 increasing the likelihood of your stop loss needing to be larger than it's
271 00:25:59 --> 00:26:04 necessary to be. Or making it harder for you to hold shape. Because you're going
272 00:26:04 --> 00:26:10 to know since you enter it, you're going to be demanding subconsciously, that it
273 00:26:10 --> 00:26:14 moves right away in your favor, and you don't want to see any kind of draw down.
274 00:26:15 --> 00:26:20 Whereas if you're bullish, this is how I teach. So it overcomes a lot of the
275 00:26:20 --> 00:26:24 built in fears that are associated with being poorly placed in a trade or
276 00:26:24 --> 00:26:29 chasing price. So if you're bullish, I'm teaching you to buy what a down closed
277 00:26:29 --> 00:26:34 candle or a candle that's forming a likely down close candle, but it need
278 00:26:34 --> 00:26:39 not closed down, it can be trading lower, and still have a higher close.
279 00:26:40 --> 00:26:44 But at the time of your entry. If you're bullish, you're waiting for price to go
280 00:26:44 --> 00:26:48 lower into a inefficiency or run below a short term low to take those thoughts.
281 00:26:49 --> 00:26:53 So you're gonna buy sell stops, or by inefficiency. On a buy side imbalance
282 00:26:53 --> 00:26:58 sells on inefficiency, you're going to buy that rebalancing to close up an
283 00:26:58 --> 00:27:03 overlap that up close candle that you're seeing is an inefficiency. So you're,
284 00:27:03 --> 00:27:09 you're buying against the grain of price delivering versus impulsively chasing it
285 00:27:11 --> 00:27:18 in the beginning, because you think as a trader like I did, I want to be in a
286 00:27:18 --> 00:27:22 market that has the market going up. Like I wouldn't be in the mood that's
287 00:27:22 --> 00:27:28 going up. It's too scary. And speaking hypothetically, and in retrospect to how
288 00:27:28 --> 00:27:32 it was when I first started, as a 20 year old, I was afraid to buy things
289 00:27:32 --> 00:27:37 when it was moving lower. To me it made no sense. I mean, it literally made no
290 00:27:37 --> 00:27:44 sense whatsoever whatsoever to to go in and try to pick a bottom. That's what I
291 00:27:44 --> 00:27:48 was looking at it as because I heard my mentor say, you know, you got to avoid
292 00:27:48 --> 00:27:52 trying to pick bottoms. They're like catching falling knives, you have to
293 00:27:52 --> 00:27:55 wait for that dagger fall, hit the ground, stop quivering, then gently go
294 00:27:55 --> 00:28:00 over and pick it up. That's verbatim. That's literally right out of that. For
295 00:28:00 --> 00:28:05 cassette tape VHS, of course, the from 1995. It was ingrained in me just like
296 00:28:05 --> 00:28:09 the things that I say to you as your mentor. I'm not in the room with you.
297 00:28:10 --> 00:28:14 But you will see something in the charts and you'll hear my voice saying the very
298 00:28:14 --> 00:28:18 thing that you had a resonation with in a video or lecture, maybe something in
299 00:28:18 --> 00:28:22 this one today. And you'll hear my voice you'll you'll know exactly what I said
300 00:28:22 --> 00:28:29 verbatim because it had it, it left an indelible mark on you. It made an impact
301 00:28:29 --> 00:28:36 on you psychologically. So you know you think differently as a result of it. In
302 00:28:36 --> 00:28:42 the beginning, when you have no real clue what you're doing no model you can
303 00:28:42 --> 00:28:49 become very impulsive. But as a new student with a model with all the right
304 00:28:49 --> 00:28:55 motivation, you still can be impulsive. What does that mean? What does that
305 00:28:55 --> 00:28:59 mean? And what's what's the contrast between what I've already said so far,
306 00:28:59 --> 00:29:03 versus someone that now has a model has all the right mindset has listened to
307 00:29:03 --> 00:29:08 all the proper mindset from the inner circle trader and how to do this and how
308 00:29:08 --> 00:29:12 to do that. Now we're at the dance now we're staring at the chart it's during
309 00:29:12 --> 00:29:15 that 10 o'clock to 11 o'clock hour. We know that there's going to be a silver
310 00:29:15 --> 00:29:18 bullet we know that it's likely going to draw to a liquidity pool that's pretty
311 00:29:18 --> 00:29:23 obvious where it's likely to go. But here you are. Senior looking at price
312 00:29:24 --> 00:29:24 Give me one second.
313 00:29:44 --> 00:29:52 Grandma water I left it outside. So when you have a model, and you have all the
314 00:29:52 --> 00:29:55 proper motivation that led you up to the point where now you've made a decision
315 00:29:55 --> 00:30:00 you went to sleep the previous day. You woke up with every expectation that
316 00:30:00 --> 00:30:05 you're going to go into this, following the plan, following the model following
317 00:30:05 --> 00:30:10 the rules, you're looking for this set up the form. And now you're here, you're
318 00:30:10 --> 00:30:18 in front of the charts, you're there. And you do what? You act impulsively.
319 00:30:20 --> 00:30:26 You see something that is not your model. Perfect exam, I'll give you
320 00:30:26 --> 00:30:36 something. You've done the work. You've done the analysis, you've listened to me
321 00:30:36 --> 00:30:39 talk about what I think the markets gonna likely drawl to, on a higher
322 00:30:39 --> 00:30:43 timeframe, you committed to the idea that that's probably what you're going
323 00:30:43 --> 00:30:50 to subscribe to. So you're only gonna focus in that direction. And that's the
324 00:30:50 --> 00:30:54 proper mindset. Not that you should be handheld. But that's why I do it. So
325 00:30:54 --> 00:30:58 that way, you can keep your premise, your bias, the narrative focused on that
326 00:30:58 --> 00:31:05 time frame draw. You won't be 100%. But now, because you're in front of charts,
327 00:31:06 --> 00:31:12 subconsciously, you're demanding that you're 100%. Is that practical? Is that
328 00:31:12 --> 00:31:17 realistic? Is that something that anyone could reasonably expect to have?
329 00:31:20 --> 00:31:26 Especially if they're new, no, of course not. But that motivation that carried
330 00:31:26 --> 00:31:29 you to that moment, where now you're in front of the charts, you're ready to do
331 00:31:29 --> 00:31:33 your model, you're ready to pull the trigger, all you have to do is wait for
332 00:31:33 --> 00:31:40 that fair value get into form, because it's going to be moving up quickly. And
333 00:31:40 --> 00:31:43 it's going to create that little bias on the balance. So it's on an efficiency,
334 00:31:43 --> 00:31:50 and it's going to form it in a place where it allows you to capture 12 to 15
335 00:31:50 --> 00:31:55 handles. So that means your minimum criteria for trade will be met. It's
336 00:31:55 --> 00:32:00 really there. But unfortunately, it's not there yet. And what happens is you
337 00:32:00 --> 00:32:06 start seeing price run. And in your mind, you're thinking this is going to
338 00:32:06 --> 00:32:09 be one of those times where it's not going to create a fair value gap. And
339 00:32:09 --> 00:32:15 here I am, I did all the work. I got all this stuff drawn on my chart, I have all
340 00:32:15 --> 00:32:20 the lipstick, I have all the motivation on here now. And I know what's going to
341 00:32:20 --> 00:32:24 happen because Murphy's Law says that whatever can go wrong is going to go
342 00:32:24 --> 00:32:29 wrong. And it's going to run without me. And I'm not going to be able to accept
343 00:32:29 --> 00:32:32 that because I've done all this preliminary analysis, I've done all this
344 00:32:32 --> 00:32:39 preliminary work up listening to this guy jawbone, I'm all I'm all pumped up,
345 00:32:39 --> 00:32:44 I'm ready to go. And here is running, it just took off eight handles straight one
346 00:32:44 --> 00:32:48 shot, it's running, your mind is going to be tricked by that because you
347 00:32:48 --> 00:32:56 haven't watched price enough. That motivation to do the right things get
348 00:32:56 --> 00:33:03 replaced with impulsiveness because of lack of experience, the lack of the
349 00:33:03 --> 00:33:10 doing of it. Being there, not just simply watching price, that's the first
350 00:33:10 --> 00:33:14 stage is tapering to this the first stage, then you got to do it with a demo
351 00:33:14 --> 00:33:21 and submit to the idea that the rules still have to be applied. But then, with
352 00:33:21 --> 00:33:26 live fund trading, or the equivalent thereof, where you can lose something,
353 00:33:26 --> 00:33:30 your fund account, challenge account, your funded account or your Live
354 00:33:30 --> 00:33:41 account. You want to capture money and the lack of experience that you have.
355 00:33:42 --> 00:33:47 And everybody has that lack in the beginning. In all of you and I was not
356 00:33:47 --> 00:33:52 exempt from this. I wanted to get through that stage quickly. I wanted to
357 00:33:52 --> 00:33:55 live it behind me in my in my rearview mirror, I wouldn't be able to say yeah,
358 00:33:55 --> 00:34:01 see you later. I ain't never gone back to that town again, which is ignorance
359 00:34:02 --> 00:34:07 neophyte Ville, beginner. Like you want to be able to leave the ranks of an you
360 00:34:07 --> 00:34:12 know, a newbie when I'm encouraging you to live there for a little while,
361 00:34:12 --> 00:34:16 because that's going to teach you who you are. And it's going to show you the
362 00:34:16 --> 00:34:19 character flaws that you have, that you're pretending you don't have. That
363 00:34:19 --> 00:34:22 you've been hiding from yourself your entire life. however long you've been on
364 00:34:22 --> 00:34:29 a spinning rock, all of you have character flaws. I don't hide mine. I
365 00:34:29 --> 00:34:32 don't hide it. I tell you where they are. I'll tell you where my weaknesses
366 00:34:32 --> 00:34:38 are. Because when I was a younger man, I tried to pretend it didn't exist. And
367 00:34:38 --> 00:34:42 they were impediments to me. They they held me back. They were the barriers
368 00:34:42 --> 00:34:51 that I held. I hugged, I held on to them. I held on to it like something
369 00:34:51 --> 00:34:55 wrapped in barbed wire. It's not comfortable but you get used to that
370 00:34:55 --> 00:34:58 uncomfortable state and it becomes normal for you. Like that's why abusive
371 00:34:58 --> 00:35:04 relationships go on. spouses that, you know, beat their wives. Because they're
372 00:35:04 --> 00:35:10 weak men, that women train themselves to, because they have children, they
373 00:35:10 --> 00:35:16 don't wanna break that family up. They know what that man's doing to her is not
374 00:35:16 --> 00:35:24 right. But they, they allow it to go on, because it becomes normal for them. And
375 00:35:24 --> 00:35:27 change is a little bit more scary because it begins to bring in more
376 00:35:27 --> 00:35:33 uncertainty. And as humans, we don't like uncertainty. But in this industry,
377 00:35:33 --> 00:35:40 you chose to be in one that is always uncertain. There's nothing 100% All the
378 00:35:40 --> 00:35:44 things that I have all the things that I share my track record, when I pull it
379 00:35:44 --> 00:35:47 out, and I point to something before it happens. Look around, you've been
380 00:35:47 --> 00:35:52 walking with me now for most two years now publicly. How many things that I
381 00:35:52 --> 00:35:58 call in that happened? Very, very, very small number of that. But how many
382 00:35:58 --> 00:36:04 things were right? And correct and where the market went to? You can't reasonably
383 00:36:04 --> 00:36:09 expect to be like that in the beginning. And when you learn from someone, when I
384 00:36:09 --> 00:36:11 was a martial artist, you know, I wanted to be as good as the guy that was
385 00:36:11 --> 00:36:16 teaching me. And then better. That's what I wanted. Anything that they did,
386 00:36:16 --> 00:36:22 that was impressive, I need to do it better than them. Why? Because I had
387 00:36:22 --> 00:36:27 this deep, ingrained necessity for me to be significant. Because while I was
388 00:36:27 --> 00:36:34 growing up in cardboard city, I was part of what we considered white trash. We
389 00:36:34 --> 00:36:40 lived in low income in everybody and I got in fistfights and stopped a shadow
390 00:36:40 --> 00:36:47 people that thought they were better than me. I curbed stopped people. You
391 00:36:47 --> 00:36:52 know, that is where you stop there. As you beat them. You drag them over to a
392 00:36:52 --> 00:36:56 curb, you open your mouth up with their teeth on the edge of the curb. And you
393 00:36:56 --> 00:37:01 stop the back of their head. I've done that before. And the sound that makes
394 00:37:02 --> 00:37:09 you'll never forget it. Those are things that I've done as a kid with people
395 00:37:09 --> 00:37:15 older than me. Because they talked down to me, they acted like they were better
396 00:37:15 --> 00:37:25 than me. So what drives me instilled today is that deep scar, I was the guy
397 00:37:25 --> 00:37:29 on the other side of the tracks growing up, I didn't come in this world with a
398 00:37:29 --> 00:37:35 silver spoon in my ass, I didn't have that everything was a hard thing to do.
399 00:37:36 --> 00:37:41 And it took a lot longer than I wanted it to do. And it was very difficult. I
400 00:37:41 --> 00:37:44 had a lot of opposition around me, people will try to tell me, you're not
401 00:37:44 --> 00:37:49 gonna be able to do it. You're gonna just you amount did the same thing we
402 00:37:49 --> 00:37:55 do. And I went to school, and they tried to talk me out of that. And they said,
403 00:37:55 --> 00:38:01 You're not going to get good grades, and I got great grades. Constantly, the
404 00:38:01 --> 00:38:07 enemy constantly will work on you to try to discourage you. And if you're strong
405 00:38:07 --> 00:38:12 enough, that you have the motivation that keeps you going. When you're
406 00:38:12 --> 00:38:22 finally there. He's really going to try because you're you've done it, you
407 00:38:22 --> 00:38:28 finally climbed to that moment where now you're going to see the proof, you're
408 00:38:28 --> 00:38:32 going to finally get that testimony that you can hold on to and say, nobody can
409 00:38:32 --> 00:38:37 take this from me. And some of you are going to discover that that motivation
410 00:38:37 --> 00:38:41 that got you there, which everybody needs it. I'm not trying to discourage
411 00:38:41 --> 00:38:47 that that's not a good thing. It is good thing. But there's an event, there's a
412 00:38:47 --> 00:38:56 phenomenon it takes place. Where once you're there you can't handle the
413 00:38:56 --> 00:39:04 pressure. And you throw out all the rules. You don't wait for the setup. You
414 00:39:04 --> 00:39:09 think that it's going to be stripped from you. You've worked so hard to get
415 00:39:09 --> 00:39:14 to this moment. Now, here's your first shot, the first shot to use the
416 00:39:14 --> 00:39:18 information that you've been studying. Now you can make gainful profits if it's
417 00:39:19 --> 00:39:25 correctly done. But you don't have the experience yet to lean on. And you see a
418 00:39:25 --> 00:39:29 sudden quick movement, which really isn't that much. Nothing's changed in
419 00:39:29 --> 00:39:34 the trade setup. But in your mind, because so keyed up that motivation.
420 00:39:34 --> 00:39:37 You're hopped up, you're ready to go.
421 00:39:38 --> 00:39:43 You're that guy that all your friends are around, fight, fight, fight. When
422 00:39:43 --> 00:39:46 they weren't there, you'd probably shake hands with the guy and say, You know
423 00:39:46 --> 00:39:54 what? Yeah, I apologize, man. This just got out of hand. It's just forgive me
424 00:39:54 --> 00:39:58 for for saying whatever I said or did whatever I did to you. You can't do that
425 00:39:58 --> 00:40:07 now. because they've incited that rage, you've become lustful, for blood. You
426 00:40:07 --> 00:40:15 need to do this now. And something happens, where that motivation becomes
427 00:40:15 --> 00:40:24 impulse. And you don't use your model and you press the button. As soon as the
428 00:40:24 --> 00:40:31 button is pressed, you're regretting it. Because now you just entered the
429 00:40:31 --> 00:40:42 uncertainty. With no plan, no entry. No pdra, you chase the price. And
430 00:40:42 --> 00:40:45 everything you've heard me say comes rushing into your brain. And you're
431 00:40:45 --> 00:40:51 thinking, oh, man, this is that thing he talked about. Now that trade seems like
432 00:40:51 --> 00:40:58 it's going to choke the life out of you. Maybe you start hyperventilating, you
433 00:40:58 --> 00:41:01 don't realize it yet. So you start feeling your fingers and your hands and
434 00:41:01 --> 00:41:06 your arms start tingling. All sudden, you start feeling your heart
435 00:41:07 --> 00:41:13 palpitations. Because it can't breathe, doesn't feel like there's any air in the
436 00:41:13 --> 00:41:22 room. So hard to breathe. That's anxiety. Now you're faint, you're
437 00:41:22 --> 00:41:26 feeling the the effects of the adrenaline in your body. And you're
438 00:41:26 --> 00:41:36 standing still. It's like a Ferrari, in neutral, running with the accelerating
439 00:41:36 --> 00:41:43 pedal to the floor. It's not good for the engine. Now you're worrying about
440 00:41:43 --> 00:41:49 what you're feeling bodily. And then cortisol is going to release. And that
441 00:41:49 --> 00:41:54 hormone makes you feel like you're going to die. Now how can you be watching
442 00:41:54 --> 00:42:02 price managing it. And what you should be doing, focusing on your model. If you
443 00:42:02 --> 00:42:06 think you're having a stroke, or heart attack, or about the pass out, or throw
444 00:42:06 --> 00:42:15 up. I've been there. I've been there and I've been there while driving a truck
445 00:42:17 --> 00:42:22 over the Key Bridge and high winds. panicking because I'm watching my
446 00:42:22 --> 00:42:26 quarterback tell me that there's absolutely nothing I can do. And I'm
447 00:42:26 --> 00:42:27 nowhere near pay for and to get out.
448 00:42:32 --> 00:42:38 You can't understand that. You don't understand that. Because you're so
449 00:42:38 --> 00:42:41 spoiled with the information and technology we have today where we can
450 00:42:41 --> 00:42:48 just press a button, getting it out. seconds, seconds, be on the other side
451 00:42:48 --> 00:42:55 of a bridge. And then someone goes and has a typical thing that anybody else
452 00:42:55 --> 00:42:58 would have normally, while they're doing construction. On the bridge, you only
453 00:42:58 --> 00:43:03 have one lane, and then their engine dies. In your trade, you can't get out
454 00:43:04 --> 00:43:09 and you can't move. And you lose your account that day. Because you thought
455 00:43:09 --> 00:43:18 you were smart enough not to use a stop loss. And copper said Not today. That's
456 00:43:18 --> 00:43:23 the stuff that I lived through that I did that stuff. Here's a lot of people
457 00:43:23 --> 00:43:26 out there, I'll tell you, this is where I made this much money. Here's where I
458 00:43:26 --> 00:43:29 made this much money. This is where I made that much money. I did this I did
459 00:43:29 --> 00:43:35 that I did this. Nobody is comfortable telling you where they messed it up.
460 00:43:36 --> 00:43:40 They want to hide it. They want to delete it like it didn't happen. Most of
461 00:43:40 --> 00:43:46 my mentoring is telling you what it's gonna be really like. I don't sugarcoat
462 00:43:46 --> 00:43:50 it. I don't pretend that I didn't come from humble beginnings where it was very
463 00:43:50 --> 00:43:56 hard next to impossible and I quit dozens of times. That's what I call it.
464 00:43:57 --> 00:44:01 But folks have been around for a while this new that is meant codeword for
465 00:44:01 --> 00:44:06 Anita break. And in our jobs, it gets some money scratched up because I didn't
466 00:44:06 --> 00:44:13 have a lot of it. But that motivation that leads you to the dance and you're
467 00:44:13 --> 00:44:17 watching the charts. You got to guard your mind and really stick your heels
468 00:44:17 --> 00:44:21 in, dig them in deep and say okay, yeah, that buttons right there. I can push it.
469 00:44:22 --> 00:44:25 I can I can push that button. And any time I want to push that button, it's
470 00:44:26 --> 00:44:31 going to get me in the trade. But am I entering the trade based on my model
471 00:44:31 --> 00:44:35 with the logic in mind that I'm entering in the opposing direction of where I see
472 00:44:35 --> 00:44:43 the profit. So if I'm bullish, I gotta be entering when prices drops. It's
473 00:44:43 --> 00:44:50 gotta be dropping. If it doesn't drop, I'm chasing. I can't do that. You can't
474 00:44:50 --> 00:44:55 do that. When you do these types of trades in your buying while markets are
475 00:44:55 --> 00:44:59 moving away from your expected directional draw, or your limit order to
476 00:44:59 --> 00:45:05 take part or parcels are number one, you're gonna overcome a lot of fear that
477 00:45:05 --> 00:45:11 most traders have. Because they they have confirmation bias. Every trader out
478 00:45:11 --> 00:45:16 there goes through a stage of they need to have confirmation bias, they have to
479 00:45:16 --> 00:45:19 know that they're in the trade in their own side, then they're willing to give
480 00:45:19 --> 00:45:25 up a large portion of the first initial run. And then all of a sudden, now they
481 00:45:25 --> 00:45:34 have courage. Oh, I know, I'm right now. I'm really right now. And then they
482 00:45:34 --> 00:45:41 chase it. And now their stop loss has to be so much larger. And while they're in
483 00:45:41 --> 00:45:45 that trade, it might pan out, it might go exactly where they thought was gonna
484 00:45:45 --> 00:45:47 go originally, and probably never had any drawdown might be just they're
485 00:45:47 --> 00:45:50 buying it and just start running and ripping away. That's really what they
486 00:45:50 --> 00:45:53 want. But you know what, when that happens, it's a terrible thing, because
487 00:45:53 --> 00:46:02 it's teaching you to do bad things, and expect good results. And domain he
488 00:46:02 --> 00:46:06 sounds right. But you'll convince yourself at the time that this is this
489 00:46:06 --> 00:46:11 is what's right for you. In the the absence and devoid of any real
490 00:46:11 --> 00:46:15 experience, sound logic, you're gonna create your own, right there in the heat
491 00:46:15 --> 00:46:21 of the moment. And that motivation becomes impulse. And for those that have
492 00:46:21 --> 00:46:27 you to have traded with real risk of losing something, not a demo reset is
493 00:46:27 --> 00:46:31 worst to happen on top now, you lost your funded account, you lost your
494 00:46:31 --> 00:46:38 combine that you were working hard for trading with real money. You know
495 00:46:38 --> 00:46:46 exactly what I'm talking about in the dozens of times as you've been here. You
496 00:46:46 --> 00:46:51 have to have a model. But before that model is useful to you, you have to know
497 00:46:51 --> 00:46:56 what price is likely to do. What characteristics does it show? How does
498 00:46:56 --> 00:46:59 it how does it behave in the morning? How does it behave in the afternoon? How
499 00:46:59 --> 00:47:03 does it behave in those respective sessions after a big up close day, or
500 00:47:03 --> 00:47:07 down close day or an Inside Day, they're all characteristics that you need to
501 00:47:07 --> 00:47:12 study and associate with over a period of time. And you're not going to be able
502 00:47:12 --> 00:47:17 to do it in just a few short weeks or a couple of months, it takes time. Some of
503 00:47:17 --> 00:47:21 you are just so willing to assume risk, hoping that you're right, like a lottery
504 00:47:21 --> 00:47:26 winner, that you throw all sound logic and reason out the window, because you
505 00:47:26 --> 00:47:31 just want to have something to hang your hopes on. Because if you make a little
506 00:47:31 --> 00:47:35 bit of money, a little bit of money is better than what you were doing before.
507 00:47:35 --> 00:47:41 Right? If I could just make 100 bucks a week. Yeah, I can see that. In today's
508 00:47:41 --> 00:47:45 world that that means something that might be your gas being covered for the
509 00:47:45 --> 00:47:51 week, back and forth to work. Things are expensive. When I put gas in my truck,
510 00:47:53 --> 00:47:58 if I drive it a lot, it's very easy for me to go through 130 hours a week. Eight
511 00:47:58 --> 00:48:04 cylinders, those you know, they eat it. I'm not worried about that money. But I
512 00:48:04 --> 00:48:06 think about how it would hurt the average person out there. It's it's a
513 00:48:06 --> 00:48:10 lot. I mean, that's the reason why there's a lot of cars, or car lots up
514 00:48:10 --> 00:48:14 here. They have these kinds of trucks sitting in their car lot and a huge lot.
515 00:48:14 --> 00:48:22 They traded them and they can't handle it too much expense. Same thing, when
516 00:48:22 --> 00:48:25 they bought that vehicle, they were motivated because they saw their buddies
517 00:48:25 --> 00:48:32 have a truck. I gotta get a truck to everybody's driving trucks. And when he
518 00:48:32 --> 00:48:35 bought it, because they were impulsive, they're regretting it, they have buyer's
519 00:48:35 --> 00:48:43 remorse. You don't want your trading to have remorse. You want to have removed
520 00:48:43 --> 00:48:49 any doubt that you can justify anything outside yourself as a reason why you
521 00:48:49 --> 00:48:54 lost. That went over your head right now, especially the ones that don't have
522 00:48:54 --> 00:49:00 selective hearing. So I'm gonna say it again real slow and painfully. Many of
523 00:49:00 --> 00:49:06 you, especially the ones that are beginning this, you're trying to do
524 00:49:07 --> 00:49:14 anything to get in and make money, but you're willing to ignore all sources of
525 00:49:14 --> 00:49:21 responsibility on yourself. But as a trader that is actively trying to pursue
526 00:49:21 --> 00:49:30 consistency and longevity, profitability what you're trying to do, while at
527 00:49:30 --> 00:49:38 obtaining that as your goal, the way you get there is removing any excuse. Any
528 00:49:38 --> 00:49:47 cause any reason for you failing. Outside of your own model in your own
529 00:49:47 --> 00:49:51 experience. That's personal responsibility. And that's not taught in
530 00:49:51 --> 00:49:57 this industry. It's easy to be able to say, well, the markets are random. Well,
531 00:49:57 --> 00:50:01 you know, they really shouldn't offer fifth tene contracts, if it really isn't
532 00:50:01 --> 00:50:10 good for us, they shouldn't really do that. There's always excuses, that the
533 00:50:10 --> 00:50:17 ones that are not prepared to be responsible to be sound stewards of the
534 00:50:17 --> 00:50:20 money that they have in their hands. And the risk that they associated with it,
535 00:50:20 --> 00:50:24 I'm not going to use a stop loss because I have a point to prove, well done
536 00:50:24 --> 00:50:31 maximum loss drawdown margin call. You proved a point. Everybody knew it, but
537 00:50:31 --> 00:50:37 you confirmed it. That scar tissue now that's going to motivate you to do
538 00:50:37 --> 00:50:42 stupid things. Because now you're embarrassed. Because everybody saw what
539 00:50:42 --> 00:50:50 we already knew might not be that grand of a scale of an embarrassment for you,
540 00:50:50 --> 00:50:54 when you take your your trade led you up to the charts, you're there, you got all
541 00:50:54 --> 00:51:00 the things figured out. And you impulsively predict and anticipate the
542 00:51:00 --> 00:51:06 setup forming, but you want to be ahead of it. Because you can't weather the
543 00:51:06 --> 00:51:12 impatience. It's agony. I mean, what if it runs without me? I sat here all this
544 00:51:12 --> 00:51:15 time I did all that charting. I already told people is going to be buying long
545 00:51:15 --> 00:51:17 and they're gonna be asking me for proof. Where's the receipts? Where'd you
546 00:51:17 --> 00:51:21 go long at nine to help me to show them Oh, my goodness, I don't care. I gotta
547 00:51:21 --> 00:51:33 get there you go. There you go. You did everything wrong. I don't care if your
548 00:51:33 --> 00:51:36 analysis was good. I don't care if your lipstick on your chart was correct. If
549 00:51:36 --> 00:51:42 you draw on liquidity was correct all that. Everything, you just shot at this
550 00:51:42 --> 00:51:47 shit with this entry. Because now your risk isn't appropriate. It's got to be
551 00:51:47 --> 00:51:54 larger now, you entered in the direction of the Prophet which we don't do. Could
552 00:51:54 --> 00:51:57 ICT I watch you pyramid Yep. And when I'm buying I'm buying when it's going
553 00:51:57 --> 00:52:11 down every time. Think let me retract that. When I'm inside of a PD array, I
554 00:52:11 --> 00:52:17 can accumulate a new pyramid entry there too. But I have size behind me that's
555 00:52:17 --> 00:52:21 already layered when I take those types of trades. Otherwise, if I don't have
556 00:52:21 --> 00:52:23 that, I won't know more perfect example would be
557 00:52:24 --> 00:52:29 my breaker sample was and I think prices are gonna go higher. I'll annotate the
558 00:52:29 --> 00:52:33 chart while I'm doing the trades. And you see me recording it, I'll annotate
559 00:52:33 --> 00:52:37 it as a bullish breaker. And I'm entering inside the breaker it hasn't
560 00:52:37 --> 00:52:40 lifted yet and come back and touched it. See, that's that's the part, you know,
561 00:52:42 --> 00:52:46 that's the easy side of it. The hard part is knowing where the markets gonna
562 00:52:46 --> 00:52:51 go. And being confident that I can enter on the breaker. And if it comes back,
563 00:52:51 --> 00:52:55 then I'll buy it again and add more because I'll have more to lean on.
564 00:52:56 --> 00:53:00 Trusting that it's gonna go higher, so I can add more to it. But if that's my
565 00:53:00 --> 00:53:08 first entry in, that's not likely going to be the trade I go on, then I'll elect
566 00:53:08 --> 00:53:11 to wait for to come back to the breaker. But if I've already bought like, I
567 00:53:11 --> 00:53:17 bought the sell side that the breaker ran down for. I'm buying below that
568 00:53:17 --> 00:53:22 previous low. Then when it goes up into what you would classically identify as a
569 00:53:22 --> 00:53:27 breaker after it's moved above it and come back down touching it. I'm buying
570 00:53:27 --> 00:53:32 it in it before it breaks above it before it's gonna retrace back again
571 00:53:32 --> 00:53:37 touch it says a time is a reason for everything I'm doing. I'm not just
572 00:53:38 --> 00:53:42 pulling it out of my ass just to say something or prove something that
573 00:53:42 --> 00:53:45 doesn't have any sound logic that I repeat over and over and over again.
574 00:53:45 --> 00:53:50 There's a logic behind what it is I'm doing. Every thing that I do in my
575 00:53:50 --> 00:53:59 executions are systematic. I had to learn that through pain, loss, blowing
576 00:53:59 --> 00:54:05 accounts, losing lots of times, and every single time. Guess what I had
577 00:54:05 --> 00:54:10 before it right before I lost the account before I lost the trade before I
578 00:54:10 --> 00:54:18 had remorse. I had motivation. I had confidence. But that confidence net
579 00:54:18 --> 00:54:23 motivation was like that guy. You're standing here. You really don't want to
580 00:54:23 --> 00:54:27 fight this person. Not because you're very that they're gonna kick your ass.
581 00:54:28 --> 00:54:30 But you don't want to fight that person. You really don't want to be like this.
582 00:54:30 --> 00:54:36 It's it's not appropriate for you to be doing what you're being pushed into. And
583 00:54:36 --> 00:54:39 you have that circle of influence around you everybody's shirt and shouting. Oh
584 00:54:39 --> 00:54:46 yeah, yeah. Fight, fight, fight, fight fight. When wisdom says Wait, if they
585 00:54:46 --> 00:54:50 want to swing on you, then you hit them on their fucking throat. grabbed them by
586 00:54:50 --> 00:54:54 their ears, drive their nose in your fucking knee. dragged him down to the
587 00:54:54 --> 00:54:57 ground. Put your knee in a better fucking skull and pound a shed on them.
588 00:54:58 --> 00:55:06 You didn't ask for it. But you reciprocated. You invited them to walk
589 00:55:06 --> 00:55:13 away. They won't. Well, and trading at that moment, especially for young men,
590 00:55:13 --> 00:55:21 it's This is Sparta pitch. I'm here now. And I don't need to wait for no setup.
591 00:55:22 --> 00:55:29 Front kick, boom. But you find that you're the one falling down. You're the
592 00:55:29 --> 00:55:34 one feeling that gut kick to the solar plexus and you can't breathe now,
593 00:55:34 --> 00:55:38 because you push the button, you can't take it back. You can't take it back.
594 00:55:39 --> 00:55:42 What does that mean? You know, you shouldn't have entered there. sound
595 00:55:42 --> 00:55:46 logic would be alright, this is premature entry disclosure right now and
596 00:55:46 --> 00:55:54 wait for the setup. But you won't, you won't, because the thing that pushed you
597 00:55:54 --> 00:55:58 into that impulsively, is telling you right now, and I hope it keeps going up
598 00:55:58 --> 00:56:01 from here. I hope it keeps going up here. Please don't drop, please don't
599 00:56:01 --> 00:56:07 drop, please don't drop when it's so much less pain and suffering. Just to
600 00:56:07 --> 00:56:11 close the trade, and then wait for that setup, you might have a little bit of
601 00:56:11 --> 00:56:16 drama and commission costs you just spent okay. But you have preserved your
602 00:56:16 --> 00:56:22 mental capital. The money that you're spending and potentially losing on that
603 00:56:22 --> 00:56:27 trade is insignificant in terms of the amount of debt that you're going to
604 00:56:27 --> 00:56:32 carry mentally as a trader for the rest of your career by doing that silly shit.
605 00:56:34 --> 00:56:38 Think about how many times have you been in a trade where even if it went to the
606 00:56:38 --> 00:56:43 worst case scenario, and ran all the way to wherever your stop would have been?
607 00:56:44 --> 00:56:47 Would have been, as I said that there's something you aren't trading on a stop
608 00:56:47 --> 00:56:52 loss. What's the worst that could happen? That loss doesn't end you. But
609 00:56:52 --> 00:57:01 in your mind, you've lost a limb. You've lost your your strong arm. How else
610 00:57:01 --> 00:57:04 could you ever go back into trading? If you lose this trade? If I lose this
611 00:57:04 --> 00:57:08 trade? I can't imagine ever wanting to do this again. That's the equivalent of
612 00:57:08 --> 00:57:15 what you're doing. But where was the motivation? That led you to that moment,
613 00:57:15 --> 00:57:19 right? When it came to the time where you push that button, it transforms into
614 00:57:19 --> 00:57:25 impulsiveness. That moment, right? Before you take your trade, you have to
615 00:57:25 --> 00:57:31 really, really know what you're doing. You have to know exactly what you're
616 00:57:31 --> 00:57:35 doing, why you're doing it. And before you press the button to get into it, you
617 00:57:35 --> 00:57:40 have to know exactly where your static maximum risk is. And there must be a
618 00:57:40 --> 00:57:44 stoploss there. Because once you have that, so you're you're trying to avoid
619 00:57:44 --> 00:57:48 that stop loss, because you're afraid is going to hit it. Whereas a professional
620 00:57:48 --> 00:57:51 minded trader, they want to know what that is. That way they don't worry about
621 00:57:51 --> 00:57:57 it. This is when I'm on the lose if I'm wrong. Okay, I'm willing to take that as
622 00:57:57 --> 00:58:01 a loss. But you want to trade with the maximum leverage. So it makes perfect
623 00:58:01 --> 00:58:04 sense for you to try to avoid everything ever getting. You'll never get stopped
624 00:58:04 --> 00:58:10 out. You'll never get stopped out. If you'd never use a stop loss. You know
625 00:58:10 --> 00:58:14 what that is? Head and head syndrome. Your head is too far up your ass and you
626 00:58:14 --> 00:58:19 can't see things properly. I'm sorry, I can't see your perspective. I used to
627 00:58:19 --> 00:58:26 see it like that. I went I went through that same thing. But I pulled my own
628 00:58:26 --> 00:58:29 head on own ass and started looking at things correctly. And some of you are
629 00:58:29 --> 00:58:34 fighting me on this. No, no, no, you don't get it ICT. I'm different. I'm
630 00:58:34 --> 00:58:40 gonna be the exception. No, you're not. You just want to do it worse. This will
631 00:58:40 --> 00:58:45 never talk about you never gonna tell you by what you did. When that would
632 00:58:45 --> 00:58:50 probably be the best thing for you. It disarms you. It makes you human. It
633 00:58:50 --> 00:58:54 proves that we are fattening. We're fallible. We're not infallible. Some of
634 00:58:54 --> 00:58:57 you think I'm infallible as a traitor. Sometimes I don't do it right.
635 00:58:57 --> 00:59:01 Sometimes, it doesn't work out where I want it to go. Like, there's many
636 00:59:01 --> 00:59:06 instances where I told my son so that I would like to see it do this, do this,
637 00:59:06 --> 00:59:11 do that. And there it is. And we sat together he's like, but Dad, it did
638 00:59:11 --> 00:59:15 this, this this and you entered there. And it didn't do what you thought. So
639 00:59:16 --> 00:59:21 how would I know that experience? And some of you don't want to hear that
640 00:59:21 --> 00:59:27 answer. 30 years folks at NSF that's a long time to be looking at stuff that's
641 00:59:27 --> 00:59:34 doing the same stuff all the time. You get used to it, you know with confidence
642 00:59:34 --> 00:59:40 that that one trade that you're looking at right now. Even if it fails in the
643 00:59:40 --> 00:59:44 three after it fails, it doesn't change the efficacy of the model. It doesn't
644 00:59:44 --> 00:59:49 change you as the trader. It just means if you execute on them, you might have
645 00:59:49 --> 00:59:54 incurred loss. But are you allowing for an inviting those losing trades there's
646 00:59:54 --> 00:59:58 losses to take you completely out of the model and completely away from trading
647 00:59:58 --> 01:00:07 and or having the ability To be solvent to trade. It's amazing how traders that
648 01:00:07 --> 01:00:12 get so worked up chasing other people's bullshit online, these things that
649 01:00:12 --> 01:00:17 people promote falsely, they don't have any evidence that they can do it. They
650 01:00:17 --> 01:00:21 don't talk about before it happens, they don't use a model, or an approach that
651 01:00:21 --> 01:00:25 is applicable. Or you can see being used in the executions. You don't even see
652 01:00:25 --> 01:00:29 their executions, they just tell you, this is a trade I took. And they're
653 01:00:29 --> 01:00:34 using the buy and sell overlay thing on trading view, that's not even an entry.
654 01:00:34 --> 01:00:38 What a demo, that's this. Here's a trade I took, I think I got in around here and
655 01:00:38 --> 01:00:41 listen to what they say they tell on themselves. But they're selling
656 01:00:41 --> 01:00:46 mentorships. That's frustrating. For somebody that knows what the fuck is
657 01:00:46 --> 01:00:51 going on, and have taught me and I don't know how many people, but I've taught a
658 01:00:51 --> 01:01:01 lot of people for free. It's my, my tolerance for it is gone. It's gone. And
659 01:01:01 --> 01:01:04 I don't try to influence all you net respect, I mean, but if you're going to
660 01:01:04 --> 01:01:08 be trying to pay somebody for something, they better have the goods, they better
661 01:01:08 --> 01:01:11 be able to prove that they can do what they're what they're claiming they can
662 01:01:11 --> 01:01:16 do, instead of talk about something on that side of the chart. But you all fall
663 01:01:16 --> 01:01:25 victim to that stuff. This image based stuff, materialistic stuff. And you
664 01:01:25 --> 01:01:34 resist sound logic, real money making money preservation insights, that I went
665 01:01:34 --> 01:01:38 through this stuff. I had to lose a lot of money to learn these lessons. And I'm
666 01:01:38 --> 01:01:43 trying to very much remove the necessity for you to go through that same stuff.
667 01:01:44 --> 01:01:50 And you don't want to listen like my own kids. They don't they don't listen. You
668 01:01:50 --> 01:01:55 wonder why my own songs, do the things that they do the same reason why you
669 01:01:55 --> 01:01:58 ain't listening to me, just because they have my DNA in them doesn't mean they're
670 01:01:58 --> 01:02:03 gonna go down. You know, it's a symbiotic relationship. You know, I'm
671 01:02:03 --> 01:02:07 ICTs offspring. It's, you know, whatever, you know, the, the main one
672 01:02:07 --> 01:02:13 says all the ones, like, there's this relationship where whatever, it's a hive
673 01:02:13 --> 01:02:18 mentality. The word escapes me, but it's kind of like the show, The Last of Us.
674 01:02:20 --> 01:02:23 And the fungus whatever one fungus feels or experiences, they all feel at the
675 01:02:23 --> 01:02:27 same time. That doesn't happen because they're my kids. They're discovering
676 01:02:27 --> 01:02:30 themselves too. And they're discovering that they're human. And guess what
677 01:02:30 --> 01:02:36 humans are. We're terrible decision makers. That's a skill set that has to
678 01:02:36 --> 01:02:42 be honed, and beaten to us. Just scripture says iron sharpens iron.
679 01:02:43 --> 01:02:49 Meaning it's not going to be easy. If iron had feelings and nerve endings, it
680 01:02:49 --> 01:02:54 probably wouldn't be wincing when you rub it against another piece of iron.
681 01:02:57 --> 01:03:01 When you take that raw piece of metal, and you want to forge it into a blade,
682 01:03:01 --> 01:03:06 what do you have to do to it, you have to harm it. You have to do damage to it.
683 01:03:07 --> 01:03:15 You got to take it's useless edges off and make one useful edge. That edge is
684 01:03:15 --> 01:03:23 your edge that you're going to use as a weapon or a tool, knife above blade. But
685 01:03:23 --> 01:03:26 many of you want to go out to the market and you do all this work and preparation
686 01:03:26 --> 01:03:32 and you have this high tech 50 caliber sniper rifle in your hands. And you show
687 01:03:32 --> 01:03:34 up and you're right there. You're sitting there, you're waiting for it.
688 01:03:34 --> 01:03:37 You're looking through your scope. It's common, it's common, it's common, and
689 01:03:37 --> 01:03:39 then all sudden the market starts to run and what do you do you reach for your
690 01:03:39 --> 01:03:44 fucking baseball bat and you chase it. What the hell is that? It's caveman
691 01:03:44 --> 01:03:50 mentality. That's not civilized. That's uncivilized. That savagery. We're
692 01:03:50 --> 01:03:58 waiting for the mark to walk into the crosshairs. Gently hug the trigger. And
693 01:03:58 --> 01:04:03 be confident that we have executed precisely what our models expecting us
694 01:04:03 --> 01:04:06 to do. We will not second guess it because we've done everything up to the
695 01:04:06 --> 01:04:12 point of engagement and entry. Our stop losses there. We don't worry about it,
696 01:04:12 --> 01:04:17 because we're comfortable with the risk. But if I'm honest, it means I can only
697 01:04:17 --> 01:04:23 really risk $75 Right? Exactly. That's why you're trading with a fucking
698 01:04:23 --> 01:04:30 microbe. Okay, that's why you're doing that. It's not about how much you can
699 01:04:30 --> 01:04:36 make it to how much you can afford to lose and still stay in the game while
700 01:04:36 --> 01:04:36 you're learning.
701 01:04:43 --> 01:04:47 For the folks that says you can't make money with a micro Oh, you can't make
702 01:04:47 --> 01:04:51 anyone a micro account. You gotta have this net yellow thing. You are not
703 01:04:52 --> 01:05:00 versed in math. You have no idea. You rudimentary math is escaping you because
704 01:05:00 --> 01:05:06 if you can have a model, whatever it is, it doesn't have to be my stuff. I'll say
705 01:05:06 --> 01:05:09 it again, it doesn't have to be what I teach, it could be anything out there,
706 01:05:09 --> 01:05:16 that causes you to have a decision. If you risk very little, and you're very,
707 01:05:16 --> 01:05:22 very good at managing money, and don't over trade, you can be profitable doing
708 01:05:22 --> 01:05:26 this, you're gonna have a lot of losing trades. And that might not sit well with
709 01:05:26 --> 01:05:32 some of you, most of you. In fact, 99.9% of you, whether you are a profitable
710 01:05:32 --> 01:05:36 student or trader of my stuff, or something else, you might be just
711 01:05:36 --> 01:05:43 listening to this and not even a trader, you're like, No, I use Elliott Wave. And
712 01:05:43 --> 01:05:47 I've made money. And this that nothing, okay, you made money, because you are
713 01:05:47 --> 01:05:53 able to weather the losing trades. But nobody wants to warm up to the idea that
714 01:05:53 --> 01:05:55 you're gonna lose a lot in the beginning, you're trying to avoid that,
715 01:05:56 --> 01:06:00 when the whole secret is to do that very thing in the beginning, because all the
716 01:06:00 --> 01:06:04 lessons that it teaches you removes the invitation for you to take that
717 01:06:04 --> 01:06:12 motivation and let it become impulse. If you have gone to the stage of now you're
718 01:06:12 --> 01:06:18 in that position where the trade that you're going to enter has a real risk,
719 01:06:18 --> 01:06:22 risk of failing a funded account or drawing down in a funded account combine
720 01:06:22 --> 01:06:29 or losing real money not account. If you got to that point. And you have not. If
721 01:06:29 --> 01:06:38 you have not overcome this worrisome thoughts of what am I really looking
722 01:06:38 --> 01:06:43 for? Where should I place my stop loss? Am I comfortable with what I'm risking
723 01:06:43 --> 01:06:48 here? Is that stop really hard? Is it there? Is it or is it implied or a
724 01:06:48 --> 01:06:55 mental stop because they don't work? Try to use a mental stop on a CPI. You're
725 01:06:55 --> 01:07:01 going to be mental afterwards, you're literally going to be worked. And a real
726 01:07:01 --> 01:07:06 stop loss doesn't work there either. So what does that teach you? Why do I even
727 01:07:06 --> 01:07:10 talk about CPI? If you're not going to trade ahead of CPI ICT? Why you can talk
728 01:07:10 --> 01:07:15 about it? Or you get the guys that this is where the volatility is, Okay, show
729 01:07:15 --> 01:07:21 me trading before the CPI, getting it right. Crickets. And the ones that try
730 01:07:21 --> 01:07:26 get their asses handed to them in devastating fashion. That's an That's
731 01:07:26 --> 01:07:30 embarrassing. And in some of these people, well, let's be honest, most of
732 01:07:30 --> 01:07:34 them that are doing those things are selling something, of course, a room or
733 01:07:34 --> 01:07:42 they have their own brokerage. That's nonsensical. It's, it's ludicrous. To
734 01:07:42 --> 01:07:47 invite those instances in your trading, you want it to be boring, you want it to
735 01:07:47 --> 01:07:52 be where if you lose, who cares, I'm still going to do the same model on the
736 01:07:52 --> 01:07:56 next setup based on the logic if the if the trade failed here, but the overall
737 01:07:56 --> 01:08:01 conditions of the marketplace are as they should be still, I'm gonna take the
738 01:08:01 --> 01:08:06 next set up. There it is, it's done. All you have in my head, that's what I'm
739 01:08:06 --> 01:08:10 going to do, unless I'm proven incorrect. And therefore I either need
740 01:08:10 --> 01:08:14 to move to the sidelines and wait for new information or reverse. But that's
741 01:08:14 --> 01:08:18 not always a reverse. In the beginning, that motivation, they are going to get
742 01:08:18 --> 01:08:22 in this trade and you do it wrong. Or if he gets squeezed out. The trick is you
743 01:08:22 --> 01:08:26 want to stop loss because you chase price. That pressure that you're feeling
744 01:08:26 --> 01:08:29 is gonna make you think you got it wrong. And you will abandon your model.
745 01:08:31 --> 01:08:34 And then what do you do become impulsive again and say I got it wrong. Not
746 01:08:34 --> 01:08:37 realizing that you just didn't do what you're supposed to do and wait for the
747 01:08:37 --> 01:08:43 setup. You'll reverse in the natural progression of the retracement that your
748 01:08:43 --> 01:08:49 original trade idea should have been waiting for. So you did it wrong chasing
749 01:08:49 --> 01:08:56 it. Then you're scared because it's retracing on you. And you reverse. And
750 01:08:56 --> 01:08:59 then the tray goes where you want it to go. But then here's where you lie to
751 01:08:59 --> 01:09:08 yourself. You know, I knew this was going to happen, you know, and the
752 01:09:08 --> 01:09:13 broker did this. They slipped me and I had to do you're lying. You fucking
753 01:09:13 --> 01:09:18 chase the price. You did it incorrectly. And then you changed your mind because
754 01:09:18 --> 01:09:22 you couldn't handle the pressure of the retracement because you were misplaced.
755 01:09:23 --> 01:09:28 You weren't offside. You had a poor entry, poor execution you did it poorly.
756 01:09:29 --> 01:09:35 You should have closed the trade set and we did with the setup. Not make one
757 01:09:35 --> 01:09:40 decision incorrectly and then impulsively fixing a mistake doing the
758 01:09:40 --> 01:09:43 opposite. Where the analysis didn't say anything about that trade reversing and
759 01:09:43 --> 01:09:48 going lower. You have discovered you succumb to your own emotions. And poor
760 01:09:48 --> 01:09:52 psychology that's now being stirred up. Because you're in the market. You chased
761 01:09:52 --> 01:09:59 price and you didn't do anything and you completely lost the plot. Uncomfortable
762 01:10:00 --> 01:10:06 Isn't it? It just happened to you this week, didn't it? Market went where you
763 01:10:06 --> 01:10:11 thought it was gonna go, but you lost on your trades. I just pegged you. How do I
764 01:10:11 --> 01:10:23 know it? Because I did that when I was 20. I did it multiple accounts. Some of
765 01:10:23 --> 01:10:29 it resulted in losing trade accounts entirely. Do you need to lose your
766 01:10:29 --> 01:10:33 trades in stunning fashion or blow your accounts to learn that lesson from me?
767 01:10:33 --> 01:10:38 It's, I would have loved to have someone explained it to me like this, I would
768 01:10:38 --> 01:10:43 have never looked at them and said, Well, you're, you're talking about all
769 01:10:43 --> 01:10:49 this terrible stuff, like motivate me, man. I would have never done it. I don't
770 01:10:49 --> 01:10:53 mean like, you know what, this is exactly what I need to hear. You're not
771 01:10:53 --> 01:10:57 You're not fluffing me up with some bullshit. And I hear promising me that
772 01:10:57 --> 01:11:01 I'm gonna get rich overnight. You've given me the things I have to concern
773 01:11:01 --> 01:11:05 myself with, that I'm gonna have to wrestle with these are the real things.
774 01:11:05 --> 01:11:12 Is it a brass tacks of trading? And it's it when you hear it? It feels like I'm
775 01:11:12 --> 01:11:16 talking down to you. Or someone new to come here. Oh, you know, I don't want to
776 01:11:16 --> 01:11:22 listen to this guy. He's talking down to his students. No, no, no, I'm not. I'm
777 01:11:22 --> 01:11:26 talking to you eye to eye and come into where you are. Because I've been they're
778 01:11:27 --> 01:11:31 not talking down to you. I'm taking myself right back to the location where
779 01:11:31 --> 01:11:35 you're at right now. I'm telling you, the guy that you look highly up and have
780 01:11:35 --> 01:11:40 high regard for now. I didn't get this insight by having fucking candy bar
781 01:11:40 --> 01:11:46 shoved up my ass. Okay, it hasn't been easy. It's literally a war, you have to
782 01:11:46 --> 01:11:50 go through a lot of stuff. And books just don't make it plain enough for you.
783 01:11:52 --> 01:11:56 Like you have to go through it. And it's not easy. There is no shortcuts to it.
784 01:11:57 --> 01:12:01 It's all normal, though. And the way you get through it, is to get through it.
785 01:12:02 --> 01:12:08 And how do you do it successfully by not having a whole lot of results oriented,
786 01:12:08 --> 01:12:14 you know, progress in terms of a monetary sense. So remove that. Because
787 01:12:14 --> 01:12:20 if you can do one thing that your cookie cutter approach, that little thing that
788 01:12:20 --> 01:12:25 you do over and over and over again that repeats. What does that mean? Well,
789 01:12:25 --> 01:12:30 husbands boyfriends are those in the culinary arts. You go down to your
790 01:12:30 --> 01:12:35 kitchen pool, open the drawer that has all your cookie cutters in it. Just
791 01:12:35 --> 01:12:38 reach in and grab one randomly doesn't matter which one it is okay, and eat,
792 01:12:38 --> 01:12:43 grab that cookie cutter in your hand. Close your eyes and then hold it in your
793 01:12:43 --> 01:12:46 hand and feel it. You know the shape is the star or it's the snowman cookie
794 01:12:46 --> 01:12:51 cutter for Christmas. It might be the pumpkin, cookout cutting cookie cutter
795 01:12:51 --> 01:12:57 for cut out for Halloween is coming out and thanksgiving. All those bends and
796 01:12:57 --> 01:13:00 contortions in the shape of that cookie cutter. You don't need to lay eyes on
797 01:13:00 --> 01:13:03 that you just know it, you know intimately is you can feel it. You've
798 01:13:03 --> 01:13:09 seen it before. Why? Why are you comfortable? If I was to ask you what
799 01:13:09 --> 01:13:13 you're holding what cookie cutter is it because you've seen it before. You don't
800 01:13:13 --> 01:13:17 need to lay your hand and lay your eyes on it. You know, if you open your eyes
801 01:13:17 --> 01:13:21 up, it's going to be the very thing you just said why? experience but you didn't
802 01:13:21 --> 01:13:25 look at it. The same thing is what you're conditioned yourself to do with
803 01:13:25 --> 01:13:30 this price action. You know that this fair value gap is going to form it's
804 01:13:30 --> 01:13:35 going to fucking form every single day between 10 o'clock and 11 o'clock
805 01:13:35 --> 01:13:40 without fail. It will always be there 100 Fucking percent it's going to be
806 01:13:40 --> 01:13:45 there. You need not worry about it. It's going to fucking be there. I don't care
807 01:13:45 --> 01:13:48 if they're blowing shit up around the fucking world. I don't care if the
808 01:13:48 --> 01:13:53 fucking president gets fucking COVID 26 It doesn't fucking matter. This stuff is
809 01:13:53 --> 01:13:56 going to keep working. It's going to keep working every fucking week, every
810 01:13:56 --> 01:14:00 fucking day and it won't fucking stop. But you're not limiting yourself to
811 01:14:00 --> 01:14:07 doing just these things to prove it to yourself. I have literally taken you
812 01:14:07 --> 01:14:14 down to 60 minutes and said, see if what I'm saying is bullshit or not. And guess
813 01:14:14 --> 01:14:24 what? It's there every fucking day. Every day, every day. London pre New
814 01:14:24 --> 01:14:29 York session, New York session, afternoon session. Last hour trading.
815 01:14:30 --> 01:14:36 Come on. Listen, you don't have any excuse. Why you shouldn't wait for
816 01:14:36 --> 01:14:41 yourself the form. If you miss it, if you get a stop out or if it doesn't work
817 01:14:41 --> 01:14:45 for that one setup. You did it wrong. You did it wrong. Guess what that means?
818 01:14:46 --> 01:14:50 You have an opportunity maybe in the same day to correct it or study and
819 01:14:50 --> 01:14:57 build your confidence back up. But you're taking motivation and turning it
820 01:14:57 --> 01:15:01 into mania. Oh Don't rush through this, learn how to do it because I'm gonna go
821 01:15:01 --> 01:15:11 and try to do five or six maximum funded accounts. And I'm going to do this and
822 01:15:11 --> 01:15:15 do that with the trading, I'm gonna be an overnight success, no one's gonna be
823 01:15:15 --> 01:15:18 able to do it fast. And I'm gonna be the fastest meteoric rise in funded account
824 01:15:18 --> 01:15:26 trading. You're making it harder news needs to be, really are. And you might
825 01:15:26 --> 01:15:28 get a little bit of success here and here, but you're gonna go out there and
826 01:15:28 --> 01:15:33 flaunt it, like it was the easiest thing since you know, riding your bike now,
827 01:15:33 --> 01:15:36 you've probably been doing your whole life. It's easy. It's like riding a bike
828 01:15:36 --> 01:15:44 now. And you're gonna lie to yourself in a lot anybody else's listening. Like
829 01:15:44 --> 01:15:53 you're you're, you're providing all of the outside noise and justification,
830 01:15:53 --> 01:15:59 that's not helping you. You're willing to go through all those things, you're
831 01:15:59 --> 01:16:05 willing to enter a trade. When there is no setup, it hasn't formed yet, the
832 01:16:05 --> 01:16:09 framework is likely to be there. The draw on liquidity where it's going to go
833 01:16:09 --> 01:16:12 ultimately, you're in the session, it's probably going to go up here. But right
834 01:16:12 --> 01:16:16 now it's running in the direction of the trade profit, you don't want to enter
835 01:16:16 --> 01:16:21 like that. You wait for it to draw down into a PDA or up into a PD, right? If
836 01:16:21 --> 01:16:27 you're bearish. And then by doing that, you know that there is a there's a range
837 01:16:27 --> 01:16:32 in which it's permissible. It can color outside that Faraday gets a little bit
838 01:16:34 --> 01:16:39 pissy when you impulsively enter, what you're really doing. And this is the
839 01:16:39 --> 01:16:46 truth, folks, you're afraid that this thing that you're trying to do as a
840 01:16:46 --> 01:16:51 model is going to fail in your own hands. And you know, that if it does,
841 01:16:51 --> 01:16:55 and you do everything that you think is correct, you're not going to stick with
842 01:16:55 --> 01:16:58 it. And you're going to start all over again, chasing something else and focus
843 01:16:58 --> 01:17:02 on this nail down 90% of you motherfuckers you don't want to listen,
844 01:17:02 --> 01:17:05 because you're afraid you're going to do it wrong. And then you're going to fault
845 01:17:05 --> 01:17:08 the model, you're gonna fault the approach and in you because you're,
846 01:17:08 --> 01:17:12 you're impulsive, you're gonna go out and chase Elliot waves, you're gonna
847 01:17:12 --> 01:17:14 chase harmonic patterns you're gonna chase and some other bullshit
848 01:17:20 --> 01:17:26 crazy in it? How can I do this? Because I did the same stupid shit. have done
849 01:17:26 --> 01:17:33 the same stuff, folks. You have to change your perspective. You have to be
850 01:17:33 --> 01:17:38 accountable to yourself. And you also have to give yourself the opportunity to
851 01:17:38 --> 01:17:44 do it right. And have the fruits of it. Just like when you win, and you have a
852 01:17:44 --> 01:17:51 series of good winning trades, and it's still Tuesday. That's not an invitation
853 01:17:51 --> 01:17:53 because you have Wednesday and Thursday and Friday still the trade? Well, you
854 01:17:53 --> 01:18:01 know, I gotta push my edge into adult blunt fucking edge. So many times, I've
855 01:18:01 --> 01:18:06 seen students and I've done this before you go in there, you get a windfall
856 01:18:06 --> 01:18:11 victory in the beginning the week, much larger than you normally would. Yeah,
857 01:18:11 --> 01:18:17 man. I'm really good to shit. I'm gonna go out there and I'm gonna impress my
858 01:18:17 --> 01:18:19 wife, she's finally gonna realize that seeing a video game less, I'm gonna tell
859 01:18:19 --> 01:18:22 her what I'm going to do over here and boop, boop, boop, and in areas to get
860 01:18:22 --> 01:18:27 back half of it, or a third of it, or worse, all that more, then you go into
861 01:18:27 --> 01:18:32 the weekend with a loss. That is demoralizing. That sucks. That really
862 01:18:32 --> 01:18:36 sucks. Especially if you showed everybody online. And beginning the
863 01:18:36 --> 01:18:39 week, here's what I made, here's what I made. And then they're like, progress
864 01:18:39 --> 01:18:46 report, where yet Am I a baby I am coming on, I got things to do. radio
865 01:18:46 --> 01:18:52 silence, you're making it harder on yourself by doing that. So you have to,
866 01:18:53 --> 01:18:57 you have to weigh all these things out. And also provide no opportunity for them
867 01:18:57 --> 01:19:03 to be in the trading. So it becomes less of an impact adversely. Because it's
868 01:19:03 --> 01:19:06 real easy to talk yourself out of this. Because it's hard. It's really, really
869 01:19:06 --> 01:19:12 hard. And what makes it hard is is that you are equating success and failure on
870 01:19:12 --> 01:19:21 a personal level. Think about it as a business. Okay, think about like this,
871 01:19:21 --> 01:19:25 you have a business and you do some kind of customer service for the business for
872 01:19:25 --> 01:19:29 some for the community at large. Okay, say you run a landscaping business,
873 01:19:29 --> 01:19:32 okay. And I'm thinking of that now because it's raining and usually the
874 01:19:32 --> 01:19:36 landscaping company would be here today but it's raining so they're they're not
875 01:19:36 --> 01:19:39 able to make their money today, so I'll probably see him tomorrow. So they
876 01:19:39 --> 01:19:45 perform a function our service for the community. If I say to this business
877 01:19:45 --> 01:19:50 owner or the employees of and say hey, listen, your we need areas is tearing up
878 01:19:50 --> 01:19:54 the pillar. Oh my poor house. I'm not making this up. This is something I'd be
879 01:19:54 --> 01:19:58 bitching about. But if I say that to this person, if I say it's just the the
880 01:19:58 --> 01:20:04 employee held It's not his head, and then say, okay, sorry, I'll tell so and
881 01:20:04 --> 01:20:09 so. And it's it, nothing's gonna happen. And unless he's the person that's using
882 01:20:09 --> 01:20:15 the weedeater each time, it nothing's gonna change. But if I call the company,
883 01:20:15 --> 01:20:20 and I speak to the owner and say, Hey, listen, this is what's going on. And I
884 01:20:20 --> 01:20:22 just want to bring to your attention. Can you make sure that this continue?
885 01:20:23 --> 01:20:26 Oh, absolutely, sir, I apologize, we're gonna take care of everyone. And once he
886 01:20:26 --> 01:20:31 has handled that situation, in conversations over, he's not worrying
887 01:20:31 --> 01:20:34 about me the rest of the day, he's not worrying about losing his account with
888 01:20:34 --> 01:20:38 me, he's not worrying about, you know, his future business, he's not going to
889 01:20:38 --> 01:20:42 charge start doing shit differently. He handles that matter right then and
890 01:20:42 --> 01:20:48 there. And it's without emotion. It's just business to him. He understands
891 01:20:48 --> 01:20:53 that not all customers are going to come in with a, you have a wonderful review.
892 01:20:55 --> 01:20:58 I could contact and say, You're done, I'm gonna use somebody else, because
893 01:20:58 --> 01:21:03 this is what's going on. I bet I just discovered it. But he's not going to
894 01:21:03 --> 01:21:09 stop becoming. Or he's not going to stop running his landscaping company because
895 01:21:09 --> 01:21:14 I complained, or maybe even dropped them. That's not, that's not what he's
896 01:21:14 --> 01:21:19 gonna do. Why? Because his fucking business model works. And I'm one
897 01:21:20 --> 01:21:25 transaction, I'm one source of a model. He knows if he comes to this property
898 01:21:25 --> 01:21:31 once a week, and does this same thing, I will pay him that's the result he's
899 01:21:31 --> 01:21:36 going to do. The same thing that you're trading, you got treated the same way.
900 01:21:37 --> 01:21:41 Not every single trade is going to yield the best review, the outcome is not
901 01:21:41 --> 01:21:47 going to be as the favorable one. But does it take you out of reaching for
902 01:21:47 --> 01:21:52 that model, or having faith in it being useful in the future? No, because it's
903 01:21:52 --> 01:21:56 just like that cookie cutter. You can't ask the cookie cutter to be a rolling
904 01:21:56 --> 01:22:02 pin. It's not its function. Just like you can't ask the silver bullet to be
905 01:22:02 --> 01:22:07 there. You know, in times where it's not favorable for it, where's the
906 01:22:07 --> 01:22:11 consolidation, and it's going to consolidate in Asia, or after four
907 01:22:11 --> 01:22:18 o'clock, going into five o'clock in afternoon session. There's, there's no,
908 01:22:18 --> 01:22:23 there's no silver bullet between five cups and 4pm and 5pm. But the markets
909 01:22:23 --> 01:22:31 moving. It's, it's still ticking around. But there is no setup there. I would
910 01:22:31 --> 01:22:33 never look at that and say, This is a silver bullet, this is a fair backup, I
911 01:22:33 --> 01:22:38 would sell short or go long. And because of the timing of it, you're asking that
912 01:22:38 --> 01:22:44 model to exist in a time when it's not going to be there. Which is the
913 01:22:44 --> 01:22:46 equivalent of taking a cookie cutter and saying I'm going to use it as a rolling
914 01:22:46 --> 01:22:49 pin, it won't work, it doesn't work. It's not a hammer. It's not a
915 01:22:49 --> 01:22:58 screwdriver, you know. But you know, that cookie cutter, if you lay it into
916 01:22:58 --> 01:23:02 dough, okay, you take that dough, and you spread it across your counter and
917 01:23:02 --> 01:23:04 you take that cookie cutter and you press it down into that dough that's
918 01:23:04 --> 01:23:09 rolled out. And you know, when you lift that cookie cutter up slowly, and you
919 01:23:09 --> 01:23:13 follow all the processes of rolling the dough out, taking the gutter and
920 01:23:13 --> 01:23:17 pressing it down in maybe slightly twisting it back and forth a little bit,
921 01:23:17 --> 01:23:21 and then slowly raising it up, you're gonna have a cut out of that dough in
922 01:23:21 --> 01:23:26 the form of that cookie cutter. That's what your trading model is. That's what
923 01:23:26 --> 01:23:31 I'm teaching you to look at that five point run that five handle run in s&p.
924 01:23:32 --> 01:23:37 Because if you can do this, if you can stick to the process of handling that
925 01:23:37 --> 01:23:41 cookie cutter, the fairway gasps overboard, that takes five points or
926 01:23:41 --> 01:23:45 five handles out of the marketplace. And you consistently are able to do that and
927 01:23:45 --> 01:23:50 nothing else, guess what you're doing? You're you're forging, patience. You're
928 01:23:50 --> 01:23:54 forging real experience that no one can take away from you. And you're learning
929 01:23:54 --> 01:23:57 a lot about yourself what you're going to be feeling. Are you feeling
930 01:23:57 --> 01:24:01 impulsive? Are you feeling impatient, the trades not panning out fast enough
931 01:24:01 --> 01:24:06 for you where you're at is by being in the marketplace doing it. You have to
932 01:24:06 --> 01:24:10 engage it and you won't feel impulsive. Like, I just got it in the street 30
933 01:24:10 --> 01:24:16 seconds ago, it should have already done five handles by now. I know what it
934 01:24:16 --> 01:24:20 feels like, if you want it to be painless, and I'm telling you it's going
935 01:24:20 --> 01:24:28 to be painful. But it's worthwhile. It's worth while doing it. It's got an
936 01:24:28 --> 01:24:35 outcome that is worth doing. That is not 100% success. But that less than 100%
937 01:24:35 --> 01:24:42 success rate equates to your success ultimately. But you're trying to avoid
938 01:24:42 --> 01:24:45 any losing. You're trying to avoid any kind of hardships or any kind of
939 01:24:45 --> 01:24:50 embarrassment or discoveries about yourself and you want to not fail using
940 01:24:50 --> 01:24:56 it because you're weak. You're an undisciplined, you have no sense of self
941 01:24:56 --> 01:25:00 responsibility. And you know yourself well enough that if you Fail using the
942 01:25:00 --> 01:25:04 model based on the rules, you're going to associate that one failure with it's
943 01:25:04 --> 01:25:07 ultimately sucks. It's fraud and, and I'm never gonna be able to do it. And I
944 01:25:07 --> 01:25:10 have to justify things outside of myself, hold myself to no
945 01:25:10 --> 01:25:13 accountability. And I have to chase something else. And I don't want to do
946 01:25:13 --> 01:25:21 all that again. That's the reality, folks. This is actually going to be a
947 01:25:21 --> 01:25:27 chapter in the book, but I wanted to say it. I wanted to say these things.
948 01:25:27 --> 01:25:32 Because reading in words, it's easy to dislike. I saw the letters there, I saw
949 01:25:32 --> 01:25:35 the spaces between the words, but I really didn't take anything from that.
950 01:25:35 --> 01:25:39 It's just filler, it's fluff. But this is the real shit, folks, this is what
951 01:25:39 --> 01:25:45 really goes on when you're pressing the button and it matters. This is the stuff
952 01:25:45 --> 01:25:49 that goes on to your your thoughts, which are wrestling with which are
953 01:25:49 --> 01:25:58 pretending isn't there. But in reality, this is really what it is. If I would
954 01:25:58 --> 01:26:00 have titled this Twitter space
955 01:26:06 --> 01:26:11 all the shit that's causing you to lose and how he's going to continue doing it.
956 01:26:15 --> 01:26:17 You probably wouldn't want to watch it probably wouldn't have listened to it.
957 01:26:18 --> 01:26:24 Because you need to be. You need to be around someone like Tony Robbins wants
958 01:26:24 --> 01:26:26 to tickle your ass with a feather and say, Hey, I think it's gonna be great
959 01:26:26 --> 01:26:29 your success during the making. Everything's great for you. You're not
960 01:26:29 --> 01:26:32 going to fail. Never accept failure, because it's never going to happen for
961 01:26:32 --> 01:26:38 you. Get the fuck out of here. This guy used to be a fucking janitor. Okay, and
962 01:26:38 --> 01:26:43 so all kinds of bullshit blowing smoke up people's asses. Walking on coals.
963 01:26:43 --> 01:26:46 Yeah, you can walk on coals stand on the fucking coals then you're going to
964 01:26:46 --> 01:26:52 impress me. It's fucking physics. The people see that shit like well, and
965 01:26:52 --> 01:27:06 that's fine some gurus. Meanwhile, Tony route his brain. On following that guy
966 01:27:06 --> 01:27:09 Grant Cardone follows me. I don't know how it happened. But if you're listening
967 01:27:09 --> 01:27:18 grant Edelman. The the new week that's coming. I'm gonna say this, close it up.
968 01:27:23 --> 01:27:26 When you're practicing, or when you're reading the tape, or if you're dealing
969 01:27:26 --> 01:27:29 you're demoing or if you're gonna be taking another trade that would be
970 01:27:29 --> 01:27:35 gainful. If it was to be profitable, whether it be funded account, funded
971 01:27:35 --> 01:27:41 account, combine or live account funds. I want you to think about what I said
972 01:27:41 --> 01:27:48 today. And want you to take it to heart. Because if you start feeling that, and
973 01:27:48 --> 01:27:56 you feel like you just want to get in there, turn the chart off, walk away and
974 01:27:56 --> 01:28:03 don't do anything. Come back to it an hour later, and see what would have
975 01:28:03 --> 01:28:07 happened. And be honest with yourself. If you would have did the impulsive
976 01:28:07 --> 01:28:14 entry, how much drawdown would you have gone through? Did it Did it run without
977 01:28:14 --> 01:28:17 having a setup form later on, and still ultimately go to where your mind would
978 01:28:17 --> 01:28:25 have said it's gonna be hard for you to do this next to impossible. But for the
979 01:28:25 --> 01:28:28 folks that really are here trying to learn, they want to have excellence in
980 01:28:28 --> 01:28:32 their executions. They want to be able to trust themselves as a trader, the
981 01:28:32 --> 01:28:36 operator using the information and not be impulsive, like a gambler at the
982 01:28:36 --> 01:28:39 casino this screw it I got 100 bucks left. I'm just tired of this. Let me
983 01:28:39 --> 01:28:43 just lose everything. So that link I can't I can't come back to the table
984 01:28:43 --> 01:28:49 now. I can't come back to this slot machine. I don't know why I can't I have
985 01:28:49 --> 01:28:51 for life. I can never remember the name that thing. I got it right this time
986 01:28:51 --> 01:28:58 slot machine. You a gambler. They don't have control themselves. They just they
987 01:28:58 --> 01:29:06 lose themselves. And I don't gamble in casinos. I've taken $100 to a casino was
988 01:29:06 --> 01:29:09 my first year anniversary, went to Atlantic City stayed at Taj Mahal, not
989 01:29:09 --> 01:29:14 because I like Trump, but because that's we had a comp there from a friend of the
990 01:29:14 --> 01:29:19 family. And they let us stay in his room and it was really nice. But I knew
991 01:29:19 --> 01:29:23 enough about myself that I don't want to take money there. And gamble so I said
992 01:29:23 --> 01:29:27 I'll just put 100 bucks into a slot machine. And whatever happens I don't
993 01:29:27 --> 01:29:33 care. And it took forever like five fucking hours for me to lose this 100
994 01:29:33 --> 01:29:36 bucks every time I went down, down, down, down down. I never went higher
995 01:29:36 --> 01:29:42 thinking like $115 is the highest one. So my best was $15 But who's gonna stop
996 01:29:43 --> 01:29:47 it? 15 bucks, right? But for hours and hours and hours it would drop down I'm
997 01:29:47 --> 01:29:52 down to 30 and all sudden in Burma we're up to 8090 bucks 100 bucks, maybe one or
998 01:29:52 --> 01:29:56 two something like that, but never one above 115 And they would drop me back
999 01:29:56 --> 01:30:01 down into 20s and 15 that down like 12 one time as Okay, won't be long now it's
1000 01:30:01 --> 01:30:05 going to be gone, and radon back up to 275 80 out. And I'm like, What the hell.
1001 01:30:05 --> 01:30:10 And at this point, I'm like, man, what this shit is maximum bets, I want to
1002 01:30:10 --> 01:30:13 lose this now, because I don't have the discipline to get up and walk away from
1003 01:30:13 --> 01:30:17 it. Because in my mind, I'm thinking, I'm gonna get lucky, you know, the three
1004 01:30:17 --> 01:30:21 sevens might come up, you know, it might get whatever the machine title was
1005 01:30:21 --> 01:30:28 thrown near flashing above it. That's what happens in trading, every single
1006 01:30:28 --> 01:30:33 time I lost my account, it was the same thing, I would make a little bit of
1007 01:30:33 --> 01:30:37 money, I'd lose a little bit of money, make a little bit of money, but not go
1008 01:30:37 --> 01:30:41 back to the same equity high or the the opening balance, and then withdrawal
1009 01:30:41 --> 01:30:45 back down again. And then I'd get mad because it would just be back and forth,
1010 01:30:45 --> 01:30:50 back and forth, just underwater. And I just wanted to hit that one trade to put
1011 01:30:50 --> 01:30:54 me back above water. Because in my mind, I was thinking 20 year old, you know,
1012 01:30:54 --> 01:30:58 even if I have a failure here, I got plenty of time to make more money and
1013 01:30:58 --> 01:31:03 refund it. That was my excuse, that was the insurance policy. That's bullshit.
1014 01:31:04 --> 01:31:08 That's that's the wrong mentality, you need to treat it like it's the only
1015 01:31:08 --> 01:31:11 account that you're ever going to have. That means it means something to you.
1016 01:31:11 --> 01:31:23 It's your child's education fund. When you start thinking like that, it ain't
1017 01:31:23 --> 01:31:29 your girl money. It ain't your I can replace it with something I can do over
1018 01:31:29 --> 01:31:35 here or there. It means something to you. When you conduct it, with that in
1019 01:31:35 --> 01:31:40 mind, and you are held accountable, which is real hard in this industry,
1020 01:31:40 --> 01:31:45 because how can you be accountable to anyone that doesn't do it, too. It's not
1021 01:31:45 --> 01:31:50 like you can go to your spouse, your boyfriend, girlfriend, fa Miller, co
1022 01:31:50 --> 01:31:53 workers and say, Hey, here's what I'm doing. And I want to show you what I'm
1023 01:31:53 --> 01:31:56 doing. And when I'm wrong, I want you to be able to say, you know, are you
1024 01:31:56 --> 01:32:00 following the model, they want those opportunities, they wouldn't be I'd say,
1025 01:32:01 --> 01:32:04 I told you what's going to work. So you're not gonna be comfortable and
1026 01:32:04 --> 01:32:09 honest. And your spouse isn't going to see it, they're not going to see it,
1027 01:32:10 --> 01:32:13 they're not going to believe it, they're not going to be behind you. Because
1028 01:32:13 --> 01:32:17 they've never seen this before. You haven't seen it before, you brought
1029 01:32:17 --> 01:32:21 nothing for them to feel confident about what it is they should trust. There's no
1030 01:32:21 --> 01:32:24 evidence that what you're doing is a worthwhile investment and you're trying
1031 01:32:24 --> 01:32:30 to risk money, it seems like gambling, it seems like nothing more than going to
1032 01:32:30 --> 01:32:37 a casino to they're not going to support you, they're not going to be a means of
1033 01:32:37 --> 01:32:44 holding you accountable in a realistic manner without being too judgmental. So
1034 01:32:44 --> 01:32:52 you have to do it. You own all this responsibility. You're the CEO. You're
1035 01:32:52 --> 01:32:58 the CFO, you're the manager, you're the employee. You're the HR department,
1036 01:32:59 --> 01:33:07 you're all of it. And when you fail, you failed. Not the model. Not the broker
1037 01:33:07 --> 01:33:17 did it to me. You did. You did. When I lost my accounts, it was every bit of my
1038 01:33:17 --> 01:33:21 responsibility. At a time I was looking for every possible way where I can
1039 01:33:21 --> 01:33:26 justify somebody else's fault. Because I was angry. And I was angry and ignorant
1040 01:33:26 --> 01:33:29 the same time. And that's a terrible combination, especially today where we
1041 01:33:29 --> 01:33:35 have access to people's time, their eyes, reading tweets and bullshit that's
1042 01:33:35 --> 01:33:38 posted directly to them, because they wouldn't say that shift was in front of
1043 01:33:38 --> 01:33:43 them. People People have bravery today, because they're separated by 1000s of
1044 01:33:43 --> 01:33:49 miles. Anything and anonymity protects them. But that same kind of shit
1045 01:33:49 --> 01:33:58 wouldn't fly in the streets. Feature fucking card punch real quick. But you
1046 01:33:58 --> 01:34:05 invite social media, you invite toxicity, and all of those effects.
1047 01:34:06 --> 01:34:12 You're inviting at the time of your trade. You don't realize you're doing it
1048 01:34:12 --> 01:34:16 but you are because you're in a hurry, to have something to be able to share
1049 01:34:16 --> 01:34:21 and champion online. Because in your mind before you get these wins before
1050 01:34:21 --> 01:34:26 you get this profit. You're saying to yourself, I want to have this so I can
1051 01:34:26 --> 01:34:32 go online and share it with ICT and he'll retweet it or I want to share this
1052 01:34:32 --> 01:34:35 with the people that I'm in a community with. And they're going to be able to
1053 01:34:35 --> 01:34:40 say, Oh, that's awesome. I saw so and so he did or she did this today. And you'll
1054 01:34:40 --> 01:34:44 be a sense of encouragement to someone else and then therefore makes you
1055 01:34:44 --> 01:34:49 significant. But you're already significant. You're a work in progress.
1056 01:34:50 --> 01:34:56 But you're looking for outward signs of significance. versus you having comfort
1057 01:34:56 --> 01:35:00 in your own skin knowing that what you're about to do is what you Always
1058 01:35:00 --> 01:35:04 will do. You're not reinventing the wheel, you're not trying to do something
1059 01:35:04 --> 01:35:09 new. You're not letting the motivation become impulse. You're carrying the
1060 01:35:09 --> 01:35:17 motivation to execution, execution, execution. It's about that that's the
1061 01:35:17 --> 01:35:21 process. That's the model. It's about following the fucking rules. And if you
1062 01:35:21 --> 01:35:25 do that, by default, you will get the results you're looking for. But if you
1063 01:35:25 --> 01:35:31 don't do those things, and you can include outward opinions, or being led
1064 01:35:31 --> 01:35:35 to do things, for the purposes of being able to show somebody else that you did
1065 01:35:35 --> 01:35:41 something. You want to prove somebody wrong, you want to prove somebody
1066 01:35:41 --> 01:35:45 inferior to your ability to trading, you want to prove that your method is better
1067 01:35:45 --> 01:35:52 than their method, my method, it's yours, and back and forth bullshit. I
1068 01:35:52 --> 01:35:59 went out there this week cautious. Told you it's in the morning session on one
1069 01:35:59 --> 01:36:01 of these, I can't remember what it was. But
1070 01:36:04 --> 01:36:08 there was nothing algorithmic in the morning session. It was all manual
1071 01:36:08 --> 01:36:12 intervention, it was back and forth. None of the PD arrays were supporting
1072 01:36:12 --> 01:36:16 it, it really wasn't running for liquidity. It was his painting back and
1073 01:36:16 --> 01:36:20 forth, up and down, up and down at sea can destroy. If I trade that, I will
1074 01:36:20 --> 01:36:28 have my eyes handed to me. So I cut bait. I'm going to wait for something to
1075 01:36:28 --> 01:36:36 make sense. I told you, I would rather see it do this reach up to this specific
1076 01:36:36 --> 01:36:41 Basa liquidity. And above that there is a range, these very specific levels, I
1077 01:36:41 --> 01:36:47 want to see it go up there. And then I believe they'll drop it lower off by one
1078 01:36:47 --> 01:36:48 tick.
1079 01:36:53 --> 01:37:00 Yesterday, beautiful execution, beautiful execution. But it's in a week
1080 01:37:00 --> 01:37:07 where what I just described and explain to you. This is the number one reason
1081 01:37:07 --> 01:37:13 why. Okay? This is the absolute number one reason why I don't sit down with you
1082 01:37:13 --> 01:37:18 live and go through the motions of doing this. Because many of you have
1083 01:37:19 --> 01:37:23 confirmation bias, like you have to have confirmation that if I say I'm doing
1084 01:37:23 --> 01:37:27 something, or if I take a trade and I enter it live, and I'm talking about if
1085 01:37:27 --> 01:37:31 I use a limit order, where you can see that owner orders resting before the
1086 01:37:31 --> 01:37:35 market gets there, you all could potentially copy that trade. But not all
1087 01:37:35 --> 01:37:42 of you will, some of you are going to be well, a little skeptical, not in the
1088 01:37:42 --> 01:37:47 sense that I might not be able to do it right. But you need because you're gonna
1089 01:37:47 --> 01:37:51 be risking your money. That's exactly what you want to do. You wanna be able
1090 01:37:51 --> 01:37:54 to copy what I'm doing. And the ones that won't take the actual orders,
1091 01:37:54 --> 01:37:57 you're gonna wait and see if it starts moving in a direction I think it's going
1092 01:37:57 --> 01:38:01 to be so my order would be filled, I'm already in profit, it's running towards
1093 01:38:01 --> 01:38:05 my target, then you would do what I'm explaining here. The motivation for you
1094 01:38:05 --> 01:38:10 to want to take the trade. Now, you become impulsive. And you'll chase it.
1095 01:38:11 --> 01:38:16 And what will happen is exactly what the fuck happened on Internet Relay Chat.
1096 01:38:16 --> 01:38:21 Back in 2000 in 2001, where I was hosting a chat room. I was literally
1097 01:38:21 --> 01:38:27 calling the s&p. I was telling everybody what my orders were where my stop were,
1098 01:38:27 --> 01:38:36 where my target was. I was doing that. And I had people saying I lost fucking
1099 01:38:36 --> 01:38:41 money following you today because this this and this. Okay, show me your fills
1100 01:38:42 --> 01:38:47 six and a half, seven fucking handles past where my order was. That's not
1101 01:38:47 --> 01:38:54 following me. That's chasing me when I'm already winning. And in social media,
1102 01:38:54 --> 01:38:58 people have a tendency to be able to pitch online about things that are
1103 01:38:58 --> 01:39:04 absolutely 100% their fucking fault. And then people that don't know that any
1104 01:39:04 --> 01:39:09 better. Just show up like a car driving by a car car accident. They're turning
1105 01:39:09 --> 01:39:14 their heads in rubbernecking. Oh, wow, what's going on? Oh, this guy said this,
1106 01:39:14 --> 01:39:17 this this and he apparently he must not be able to trade because that person
1107 01:39:17 --> 01:39:21 found and they lost money. When the details are my trade worked out fucking
1108 01:39:21 --> 01:39:26 perfectly. And you didn't do anything right? And you chase something. And now
1109 01:39:26 --> 01:39:31 you're pissed off because You wrecked yourself. You didn't listen, you didn't
1110 01:39:31 --> 01:39:35 even use the model. You just chase something you think okay, it's finally
1111 01:39:35 --> 01:39:41 proven to me that it's going to keep moving. And then you got sucked into the
1112 01:39:41 --> 01:39:45 drawdown that's natural. It didn't reverse. But you can't handle it.
1113 01:39:46 --> 01:39:49 Because you don't know how to trade and you didn't do anything in the model.
1114 01:39:49 --> 01:39:57 You're just impulsively chasing price. And because Human nature being what it
1115 01:39:57 --> 01:40:00 is, you like anyone else with a weak mind would say Well, it's not I
1116 01:40:00 --> 01:40:05 responsibility. I didn't lose money. You cause me to lose money when I didn't
1117 01:40:05 --> 01:40:12 push the fucking button bitch? You did. You did that. And I have students in my
1118 01:40:12 --> 01:40:17 mentorship that in every intake, some of them tried to do that shit. And I said,
1119 01:40:18 --> 01:40:22 Show me where I told you the entry pattern was? Where was the entry price
1120 01:40:22 --> 01:40:25 on it? Where was the stop loss at that you employed? Where do you hear me say
1121 01:40:25 --> 01:40:32 that didn't happen. But it went to where I said it was gonna go. You are to
1122 01:40:32 --> 01:40:37 study, which one of these PDE arrays Do you see continuously occurring? Whenever
1123 01:40:37 --> 01:40:40 I point to something in the price delivery, this is where I think he's
1124 01:40:40 --> 01:40:44 gonna go. And it runs there. When you observe and you study price action, what
1125 01:40:44 --> 01:40:48 are you seeing, because not everybody's gonna see a fair value gap, not
1126 01:40:48 --> 01:40:52 everybody's gonna see a mitigation block, nobody's gonna see nothing,
1127 01:40:52 --> 01:40:57 right. But everybody isn't going to see a breaker, the one that jumps off at you
1128 01:40:57 --> 01:41:02 that you're just able to see right away real quick and easy. That's the one you
1129 01:41:02 --> 01:41:10 start with. Because you're all going to learn from that one foundation, how you
1130 01:41:10 --> 01:41:13 can apply every PDA right after that, but you got to get good at one of them.
1131 01:41:14 --> 01:41:18 How's that possible, because you're all doing the same damn thing. The markets
1132 01:41:18 --> 01:41:22 gonna go to liquidity or inefficiency. And you have to have experience working
1133 01:41:22 --> 01:41:30 towards getting that goal as a skill set that you can lean on. If I'm 100%
1134 01:41:30 --> 01:41:34 confident that I know which side is going to go for buy side or sell side.
1135 01:41:35 --> 01:41:40 But it'd be in the form of inefficiency or actual liquidity below or above
1136 01:41:40 --> 01:41:44 highs. Whichever those two instances are whatever I settle in on, and I'm
1137 01:41:44 --> 01:41:48 confident with it. When I show you my pyramids, when I'm building up a
1138 01:41:48 --> 01:41:54 position, I'm literally trading every fucking PD array that's forming from the
1139 01:41:54 --> 01:41:57 time I get into trade until it gets to 50% of the range that I'm expected to
1140 01:41:57 --> 01:42:02 see pan out, then I can't do any more pyramid entries. But I'm literally
1141 01:42:02 --> 01:42:06 trading every fucking pedia right? Just to prove and stick it in the assets of
1142 01:42:06 --> 01:42:09 everybody had doubts this stuffing really there, I do that in any one of
1143 01:42:09 --> 01:42:14 those pyramid entries could be your unique entry model. It's not it's not
1144 01:42:14 --> 01:42:19 selling the idea that that's better than the the other ones that I've taken. Any
1145 01:42:19 --> 01:42:24 one of those can be what you're looking for, but does it resonate with you. And
1146 01:42:24 --> 01:42:27 what happens is, when I do this, you all want to just go out and say I want to be
1147 01:42:27 --> 01:42:33 able to do that I want to do eight entries, and capture this big run up for
1148 01:42:33 --> 01:42:39 Paul. That's what I mean when I say I'm not the best mentor, because I don't
1149 01:42:39 --> 01:42:44 always have the best way of teaching the methodology that I'm trying to employ
1150 01:42:44 --> 01:42:51 teaching a concept many times gets lost in translation. And that's why sometimes
1151 01:42:51 --> 01:42:54 you'll say something to me that otherwise, you know, it's a really nice
1152 01:42:56 --> 01:43:01 opinion of me. It might be you know, a high remark. But I won't like it,
1153 01:43:01 --> 01:43:06 because you got something from something that I wasn't really aiming for. And I
1154 01:43:06 --> 01:43:09 don't want to encourage you to see something that really wasn't my
1155 01:43:09 --> 01:43:16 intention at all. So it's a very difficult thing for me to be a teacher
1156 01:43:16 --> 01:43:22 doing this. Because it brings with it I mean, if you were all honest, if you
1157 01:43:22 --> 01:43:26 were all honest, and you were 100% responsible, I would want nothing more
1158 01:43:26 --> 01:43:30 to be able to say out here and say, Okay, this is what we're going to do but
1159 01:43:30 --> 01:43:35 but you're you see people out there talking bullshit now. talking bullshit.
1160 01:43:35 --> 01:43:40 I'm not here proven it every fucking weak, and they're making up shit. It's
1161 01:43:40 --> 01:43:45 laughable. It's literally laughable. But that's human nature. And things are
1162 01:43:45 --> 01:43:49 getting tightly wound up and people are getting really emotional. They're
1163 01:43:49 --> 01:43:54 lashing out and they want every opportunity to find an outlet. Let me
1164 01:43:54 --> 01:44:02 plug into whatever's available so I can release my hostility. I'm not going to
1165 01:44:02 --> 01:44:05 do that for you. You're a fucking failure because you're a fucking
1166 01:44:05 --> 01:44:11 failure. When I failed, it was my fault. When I succeeded, it was because I
1167 01:44:11 --> 01:44:17 stopped thinking like a dumbass. Stop doing dumb shit. Stop inviting outward
1168 01:44:17 --> 01:44:24 influences. And me being impulsive. I had to wrestle that stuff. Had to subdue
1169 01:44:24 --> 01:44:30 it, overcome it, and make no allowance or invitation for it. That's what I'm
1170 01:44:30 --> 01:44:36 talking about. It's why it's going to take you longer. Probably example,
1171 01:44:36 --> 01:44:41 that's why I like that guy, Patrick Whelan. He tweeted, really? Why am I I
1172 01:44:41 --> 01:44:44 think he's being facetious to the people that follow me. He's having fun with all
1173 01:44:44 --> 01:44:50 you. You get to team mentality, and you'd have to defend me. I don't see
1174 01:44:50 --> 01:44:57 anything that he's doing. I think he's funny. But I like watching him because
1175 01:44:57 --> 01:45:01 he's a case study and everything I'm talking about. He shares his
1176 01:45:01 --> 01:45:07 frustrations with his shortcomings. I wish I could just hold on to these
1177 01:45:07 --> 01:45:11 runners. I know if I get out of this trade, it's gonna He's literally a case
1178 01:45:11 --> 01:45:16 study for you to see exactly what I'm talking about. And if you apply the
1179 01:45:16 --> 01:45:20 things I'm talking about as a solution, and did it openly in front of all you
1180 01:45:20 --> 01:45:23 not only would he get over what he's having an issue with, he'd be able to
1181 01:45:23 --> 01:45:27 hold the trays longer and had these big windfall victories, he'd have more
1182 01:45:27 --> 01:45:33 payouts, his audience would grow by default, he would be a bigger, well,
1183 01:45:34 --> 01:45:38 celebrity in the trading circle. He'd have more followers on his YouTube
1184 01:45:38 --> 01:45:42 channel, he had more ad revenue, people will probably be more inclined to buy
1185 01:45:42 --> 01:45:48 whatever he's selling. And for the folks that view him as toxic. If he was able
1186 01:45:48 --> 01:45:52 to be more consistent about taking these big runs, they wouldn't talk so much
1187 01:45:52 --> 01:45:55 about that. And I'm convinced that the people that bitch about him most are the
1188 01:45:55 --> 01:45:59 people that try to follow it. He's doing exactly what I just said in this Twitter
1189 01:45:59 --> 01:46:04 space today. They're chasing something. And they wreck themselves and they want
1190 01:46:04 --> 01:46:07 to use him as a catalyst. It's like they use me in any other mentor teacher out
1191 01:46:07 --> 01:46:10 there, that's going to be able to be faulted for something that they
1192 01:46:10 --> 01:46:17 themselves done themselves. I'm sorry, but I'm going to call bullshit. It's
1193 01:46:17 --> 01:46:23 bullshit. Because as a 20 year old, I did the same damn thing. Okay. I blamed
1194 01:46:23 --> 01:46:26 Larry Williams for every fucking account that I blew after I learned some of his
1195 01:46:26 --> 01:46:32 shit. I blame that man. And he didn't tell me any fucking thing. Well, let me
1196 01:46:32 --> 01:46:39 retract that to sorry. I did subscribe to his s&p Alert thing for you, you
1197 01:46:39 --> 01:46:43 caught a 900 number. And he was okay, this is the pics for the night, I'm
1198 01:46:43 --> 01:46:49 watching this, I'm gonna be buying this many points above the opening price. So
1199 01:46:49 --> 01:46:52 he's buying strength. And I'm going to try to do this, do this. And I'm gonna
1200 01:46:52 --> 01:46:54 use a $2,600 stop loss.
1201 01:46:55 --> 01:47:00 So he's risking 2600 hours to do this, whatever this trade was. And I never
1202 01:47:00 --> 01:47:06 made money using that stuff. And I did use what he was telling us an entry and
1203 01:47:06 --> 01:47:11 stop. I did all those things. And I'd never saw winning trade. So I stopped
1204 01:47:11 --> 01:47:14 it. Would I have eventually had a winning trade? I don't know didn't stay
1205 01:47:14 --> 01:47:20 with it long enough. So I did exactly what I said to you what you're going to
1206 01:47:20 --> 01:47:27 do system hop, you're going to jump around. So he may have had some stellar
1207 01:47:27 --> 01:47:30 winds. But I wasn't willing to stick with it longer than a week and a half.
1208 01:47:30 --> 01:47:35 Because I had to pay for that stuff. So if I gotta pay for it, and it's not
1209 01:47:35 --> 01:47:39 making any money, why am I gonna keep doing it? Right? So here, I've removed
1210 01:47:39 --> 01:47:45 every excuse for you. I've taught for free, openly publicly. I've literally
1211 01:47:45 --> 01:47:50 laid my mentorship in your fucking hands and said, shoot holes through it. See if
1212 01:47:50 --> 01:47:53 it doesn't work. People that have done it, guess what? They're fucking making
1213 01:47:53 --> 01:47:58 real money. Some of them are making more money than you make in a year. In
1214 01:47:58 --> 01:48:04 withdrawals. I have students that are just about the crossover to the real one
1215 01:48:04 --> 01:48:11 millionaire status. How many mentors out there doing that? How many mentors? Have
1216 01:48:11 --> 01:48:21 you seen make millionaires with trading for fucking free? For free? For free?
1217 01:48:21 --> 01:48:24 There's none of them out there. None of them you're listening to him. And that's
1218 01:48:24 --> 01:48:28 why everybody fucking hates me that sells not that because I'm tearing down
1219 01:48:28 --> 01:48:32 their shit. I'm not actively trying to do it. I'm not trying to victimize any
1220 01:48:32 --> 01:48:38 one of you. But the industry needs this. I'm a fucking enema. And I'm flushing
1221 01:48:38 --> 01:48:42 all the bullshit out of this place. I'm the one doing it. Nobody's doing it with
1222 01:48:42 --> 01:48:49 me. I'm the one that came here with the cure. I came here with honesty. I told
1223 01:48:49 --> 01:48:54 you. When I first learned how to do this shit. I was fucking clueless, not
1224 01:48:54 --> 01:48:59 changed and contorted everything. I abandoned this and abandoned that and
1225 01:48:59 --> 01:49:04 now had it in year three, almost three and a half years ahead. But I tweaked
1226 01:49:04 --> 01:49:10 and messed around with it for another year or two years. Going on six years.
1227 01:49:10 --> 01:49:17 That's what I knew what I was looking for. So it's not easy to find yourself.
1228 01:49:19 --> 01:49:24 And some of you may hear that instinct. I'm not doing this for six years. I need
1229 01:49:24 --> 01:49:29 to work right now. You're gonna fucking fail. You just said I had to do this or
1230 01:49:29 --> 01:49:33 six years, or I'm never going to be to make money. No, I'm saying with that
1231 01:49:33 --> 01:49:39 mindset, you're going to fail. Because I subscribe to the idea of wherever. I
1232 01:49:39 --> 01:49:47 gotta go in this. As long as I arrive in 20 years. I'm good. I'm good. I'm good.
1233 01:49:47 --> 01:49:53 If I'm there in 20 years, I don't have to have a job. I'm success. So I made a
1234 01:49:53 --> 01:49:59 lot of room for taking a lot of time. Making mistakes, learning a lot about
1235 01:49:59 --> 01:50:06 shit that I thought I was gonna want to real quickly. But discovered, I was on
1236 01:50:06 --> 01:50:11 the right track by, like having a broader horizon for me getting to what
1237 01:50:11 --> 01:50:12 would be considered success
1238 01:50:17 --> 01:50:22 I don't want to spend a year learning how to do this. And no way I would do
1239 01:50:22 --> 01:50:25 six years and not be able to find consistently profitable No way No can't
1240 01:50:25 --> 01:50:29 do it. But you'd be willing to go to college for four years, but no guarantee
1241 01:50:29 --> 01:50:37 of a job and go into 100,000 hours of fucking debt. You want to go through
1242 01:50:37 --> 01:50:40 some kind of trade school bullshit program, with no guarantee that you're
1243 01:50:40 --> 01:50:46 going to be able to make a living doing that job or be good enough to be
1244 01:50:46 --> 01:50:51 gainfully employed. Just because you got a certificate. nothing's guaranteed,
1245 01:50:51 --> 01:50:55 folks. So it's easy to talk yourself out of this. If you allow your friends and
1246 01:50:55 --> 01:50:59 family and influences and social media, the pattern what it is that you should
1247 01:50:59 --> 01:51:05 have and subscribe to as a mindset, you're fucked. I felt that I went
1248 01:51:05 --> 01:51:06 through that at 20 years old
1249 01:51:13 --> 01:51:17 it's human nature to be like that. But you're running your own company here.
1250 01:51:17 --> 01:51:21 Some of you are just about to start your own enterprise, your own business, your
1251 01:51:21 --> 01:51:28 own empire. And you're letting the fucking opinions of maggots and shells
1252 01:51:29 --> 01:51:34 tell you what you're going to be doing to be successful. And they're living in
1253 01:51:34 --> 01:51:38 their mother's fucking basement. They just graduated high school two years ago
1254 01:51:38 --> 01:51:44 and you're letting their opinion about you and what you should be doing you're
1255 01:51:44 --> 01:51:51 listening to that a bunch of text on a post or some fucking clowns making
1256 01:51:51 --> 01:51:57 videos talking about something that everybody sees working that's That's
1257 01:51:57 --> 01:52:04 insanity but that's also the same people that are failures they want to hurt
1258 01:52:04 --> 01:52:08 something that's hurt them they can't rise above what I put out there that
1259 01:52:08 --> 01:52:15 you're all having for free for free with the receipts that it fucking works with
1260 01:52:15 --> 01:52:19 real money with them out in my hands are out of my hands other people all around
1261 01:52:19 --> 01:52:21 the world different walks of life different age brackets, different sexes,
1262 01:52:21 --> 01:52:29 different whatever the fuck it is diversity the people that come here and
1263 01:52:29 --> 01:52:32 want to learn how to do this stuff they have no excuse why they can't lead with
1264 01:52:32 --> 01:52:35 knowing something that can change the trajectory of their financial future.
1265 01:52:36 --> 01:52:42 You have no excuse none I teach you how to do it properly. I tell you it's going
1266 01:52:42 --> 01:52:45 to take a little bit longer than you want it to be. But it's normal Don't
1267 01:52:45 --> 01:52:52 Don't be afraid of that take notes when you watch the videos so that we don't
1268 01:52:52 --> 01:52:56 have to come back to that fucking video and give me more ad revenue don't buy my
1269 01:52:56 --> 01:53:03 fucking books there's an incline I'm stopping at the height all this bullshit
1270 01:53:03 --> 01:53:06 that they're going to try to tell you if I'm in here to rock you from I could
1271 01:53:06 --> 01:53:09 literally do it right now and you would gladly fucking send me money I don't
1272 01:53:09 --> 01:53:14 want your fucking money you worry about all the wrong shit and says this listen
1273 01:53:15 --> 01:53:18 just put the work all the effort into things that you're trying to combat
1274 01:53:18 --> 01:53:21 Utley fight against take that energy in tournaments. Okay, let me just put it
1275 01:53:21 --> 01:53:27 into this. I had so many trolls on baby pips that are now profitable,
1276 01:53:27 --> 01:53:33 consistently profitable fucking traders using my stuff. If they learned the free
1277 01:53:33 --> 01:53:34 shit right up there on 2022
1278 01:53:40 --> 01:53:43 I was one of the guys on the pitch that talk shit about you, man. But I had to
1279 01:53:43 --> 01:53:49 be honest with you what you just showed. I was wrong. Thank you. And wish you
1280 01:53:49 --> 01:53:55 luck. Let me know what you keep doing with it. I'm not here to be the villain.
1281 01:53:55 --> 01:54:00 I'm not here to hurt anybody. If you sell something, if you sell education,
1282 01:54:00 --> 01:54:05 if you sell on signals, how's it going to hurt you? If you use the information
1283 01:54:05 --> 01:54:09 I'm making available for free and it makes you better? And then your your
1284 01:54:09 --> 01:54:14 customers don't even need to know. They don't even need to know that you use my
1285 01:54:14 --> 01:54:21 shit. I'm looking out for your customers more than you are. But you're not going
1286 01:54:21 --> 01:54:25 to undermine anything I've already done. It's already done. It's already done.
1287 01:54:26 --> 01:54:29 It's already in motion people already have it in their hands. They can't
1288 01:54:29 --> 01:54:33 forget what's already been taught. And they can fucking make money with it.
1289 01:54:33 --> 01:54:41 There's nothing anybody can do. Nothing all that drama all that fucking wasted
1290 01:54:41 --> 01:54:47 energy. Look around me and shits getting fucking hard. And you got time to be
1291 01:54:47 --> 01:54:52 doing this dumb shit armwrestling somebody else trying to get me to
1292 01:54:52 --> 01:54:54 fucking trade in your fake fucking brokerage account. Get the fuck outta
1293 01:54:54 --> 01:55:00 here, man. Get out of here. Trading a real fucking account. no third party
1294 01:55:00 --> 01:55:04 auditing company future trading commission, then people will take what
1295 01:55:04 --> 01:55:08 you're saying with a little bit more weight. White Label fucking brokers is
1296 01:55:08 --> 01:55:15 bullshit. Watching people lose 90,000 hours in a fucking a minute or two and
1297 01:55:15 --> 01:55:19 ain't got no issue, no issue at all. That's a no it's fucking demo. If
1298 01:55:19 --> 01:55:23 they're smiling about it, it's fucking fake. It's fake. If I'm dropping 90
1299 01:55:23 --> 01:55:27 grand, I'm gonna feel that. I'm gonna feel it. I'm not gonna be sitting here
1300 01:55:27 --> 01:55:35 staring into the fucking webcam like, yeah. It's horseshit. That's fucking
1301 01:55:35 --> 01:55:44 bullshit. Everybody's got their own fucking way of getting their audience.
1302 01:55:45 --> 01:55:50 But I want you to understand something. The greatest testimony that I don't need
1303 01:55:50 --> 01:55:56 to fleece anybody is me leaving at the highest point. Not going to sell you
1304 01:55:56 --> 01:56:00 nothing. I'm not telling you to buy my books. I'm only writing them so that way
1305 01:56:00 --> 01:56:08 my stuff is in print correctly. And nobody can say it was not explained. And
1306 01:56:08 --> 01:56:13 that I didn't offer it. And I gave it to you all. I'm not going to make you an
1307 01:56:13 --> 01:56:18 expensive book. It's going to be reachable for all of you. And I know
1308 01:56:18 --> 01:56:21 that the ones that are out there with low income conditions, they're all gonna
1309 01:56:21 --> 01:56:23 go out there and they're gonna fucking scan it. You're gonna share it on
1310 01:56:23 --> 01:56:27 telegram and you're all gonna get it for free. So I'm not doing it for money. I
1311 01:56:27 --> 01:56:33 don't give a fuck about that. You're all waiting for that to happen cuz you're
1312 01:56:33 --> 01:56:39 gonna sell $5 editions of it. Once they're in print, I'll fucking put them
1313 01:56:39 --> 01:56:43 on my fucking website for free. I just want them with the ISBN number. It's the
1314 01:56:43 --> 01:56:51 it's mine. It's printed. I don't need your fucking money. I'm not in need of
1315 01:56:51 --> 01:56:56 you. Paying my fucking bills. I'm not in this for cloud. I'm not in here to be
1316 01:56:56 --> 01:57:05 worshipped. I'm leaving the King. I'm stepping off this fucking throne. Nobody
1317 01:57:05 --> 01:57:10 dethroned me no one pushing me off of social media. I fucking am leaving
1318 01:57:12 --> 01:57:19 because I need to my family is requiring me to do this. But none of you have an
1319 01:57:19 --> 01:57:23 excuse. You have no justification or any real reason why you can't take this
1320 01:57:23 --> 01:57:31 information and make money with it. It's costing you nothing in everything that
1321 01:57:31 --> 01:57:34 everybody's ever fucking said about me I've proven is total fucking bullshit.
1322 01:57:38 --> 01:57:42 Ask anybody right now that is selling shit or trying to grow their audience
1323 01:57:42 --> 01:57:45 and have a little fucking checkmark on fucking Twitter. Cow how many people are
1324 01:57:45 --> 01:57:48 in my audience right now listen, this Twitter space with a fucking checkmark.
1325 01:57:48 --> 01:57:52 I don't have no checkmark. I'm not trying to make money off of engagement.
1326 01:57:54 --> 01:57:58 My videos are monetized because if I didn't have a monetize, YouTube would be
1327 01:57:58 --> 01:58:03 getting fucking $60,000 A fucking month in their pocket. And for what I'm gonna
1328 01:58:03 --> 01:58:05 need, I'm gonna need to make them fucking money
1329 01:58:11 --> 01:58:16 some of you people with the biggest opinions are financially illiterate. You
1330 01:58:16 --> 01:58:21 talk like you understand something that you know nothing. asked these people
1331 01:58:21 --> 01:58:24 that are trying to sell their bullshit or Mickey Mouse programs, or
1332 01:58:24 --> 01:58:30 mentorships. Ask them when they're going to stop. Ask them, they're gonna ban
1333 01:58:30 --> 01:58:37 you. They're gonna block you. I'm the ticket right now. I'm it. And I'm
1334 01:58:37 --> 01:58:42 leaving because I want to go back to my regular life. Because I don't need this.
1335 01:58:45 --> 01:58:52 I don't need to be doing this. I in for like four or five weeks or so. Was it 20
1336 01:58:52 --> 01:59:00 days I will have accomplished what I set out for. That's it. Unless needed
1337 01:59:00 --> 01:59:04 allowance for I can do something once a week. And to be quite honest with you, I
1338 01:59:04 --> 01:59:12 don't know how to do that. And I might not do it for a while. But I'm not going
1339 01:59:12 --> 01:59:17 to be engaging on Twitter. All my videos will stay up. All the tweets will be
1340 01:59:17 --> 01:59:27 here. No editing, nothing, just like I left it. And I want you to think who
1341 01:59:27 --> 01:59:35 else with this much influence this much open checkbook. All I gotta do is put a
1342 01:59:35 --> 01:59:40 price tag out there and you're all going to send it to me. Who else would do
1343 01:59:40 --> 01:59:46 this? Who else really needs the money? Who else needs the attention the
1344 01:59:46 --> 01:59:50 adornment or worship? That you all pretend that you think I need that I
1345 01:59:50 --> 01:59:55 don't need that. I can't wait to put down in a circle trader. I've carried
1346 01:59:55 --> 02:00:00 this monitor for too long. And I've allowed it to do To find who I am, and
1347 02:00:00 --> 02:00:11 it's not who I am I am the guy that talks in those other Twitter spaces.
1348 02:00:13 --> 02:00:19 Trading brings out the bad stuff in me. It makes me highly competitive. It makes
1349 02:00:19 --> 02:00:28 me want to prove all the time when I don't need to prove shit. Chances of you
1350 02:00:28 --> 02:00:33 velcro ball motherfuckers out there that talk all that shit. Uh, going into the
1351 02:00:33 --> 02:00:39 Robins cup next year, nil. But I'll come in that motherfucker. You get on that
1352 02:00:39 --> 02:00:45 leaderboard gone number one spot and you call my motherfucking is out. And I will
1353 02:00:45 --> 02:00:51 go in there and roast your ass. And never tweet one about it won't even
1354 02:00:51 --> 02:00:56 mention anything about I'll just walk that shit dry. And then my banner at the
1355 02:00:56 --> 02:01:00 banner on my YouTube channel will be the fucking little statue they fucking gave
1356 02:01:00 --> 02:01:04 you. And I'm not going out to Chicago so you can interview me and take pictures
1357 02:01:04 --> 02:01:12 of me and present me with the Guinness Book and mailed to me you wanna make a
1358 02:01:12 --> 02:01:16 name for yourself do that. That's how you do it. Talking shit. doesn't do it.
1359 02:01:18 --> 02:01:24 because ain't nobody in this industry, causing this much fucking waves making
1360 02:01:24 --> 02:01:28 this many fucking testimonials with real fucking money, people making real money
1361 02:01:28 --> 02:01:35 lives being really fucking changed. And they this now I'm gonna stop greed would
1362 02:01:35 --> 02:01:42 tap them on the shoulder greed because the sell everything, put a price tag on
1363 02:01:42 --> 02:01:48 everything. And I've never wanted to do that. I never really wanted to do it.
1364 02:01:50 --> 02:01:55 But people started selling my shit. And I got a fucking case of as I got mad.
1365 02:01:57 --> 02:02:02 And, you know, it was what it is. And then when the people inside that
1366 02:02:02 --> 02:02:07 mentorship was selling it, I was like, I'm feeding them still. And I've made
1367 02:02:07 --> 02:02:15 millionaires in Africa they're rich because they sold something that's mine.
1368 02:02:17 --> 02:02:18 Because it was easy to do.
1369 02:02:23 --> 02:02:36 And it it takes away it takes away from the the joy of having shared it when
1370 02:02:36 --> 02:02:41 someone else is prostituted when it was never given for the purpose of selling
1371 02:02:41 --> 02:02:53 it. And worse, not even crediting me. So I'm not going to be regretting November
1372 02:02:53 --> 02:03:01 12 waking up that morning. Knowing that I made my last post at 1159 Eastern Time
1373 02:03:02 --> 02:03:09 on Twitter. I'm not I'm not gonna regret that. And they're gonna be people years
1374 02:03:09 --> 02:03:13 from now months from now they're gonna bullshit and say this is what took
1375 02:03:13 --> 02:03:18 place. This is a random off of Twitter. Like they said they ran me off a baby
1376 02:03:18 --> 02:03:21 because they didn't run me off of fucking baby pips. Baby posts would love
1377 02:03:21 --> 02:03:26 me to fucking come back over there. They would love me fucking go back over
1378 02:03:26 --> 02:03:33 there. No, they didn't run me off the shit. I took my shit down because one
1379 02:03:33 --> 02:03:38 moderator over there falsely accused me because they said my ISP address was
1380 02:03:38 --> 02:03:43 associated. So some other account over there. I have one fucking account. One.
1381 02:03:46 --> 02:03:50 Look how many people try to pretend to be me here. I've had my computers
1382 02:03:50 --> 02:03:55 hacked. My Instagram I just created they hacked that and start directly as soon
1383 02:03:55 --> 02:03:59 as someone follows you and they have my name or my moniker. That's not me. I
1384 02:03:59 --> 02:04:02 follow nobody. None of you know what the fuck you're doing as far as I'm
1385 02:04:02 --> 02:04:07 concerned. So I'm not following you. If I want you to because there's a reason
1386 02:04:07 --> 02:04:10 why I'm using you for sentiment. Or I'd like you as a person I want to watch to
1387 02:04:10 --> 02:04:17 see you grow. But I'm not learning from anybody online about trading. But they
1388 02:04:17 --> 02:04:22 started selling trying to get people to buy their masterclass the fuck out of
1389 02:04:22 --> 02:04:27 your masterclass and then people reporting it and they shut it down and I
1390 02:04:27 --> 02:04:31 tried to just pull up somebody's LinkedIn he shared his Hey, have you
1391 02:04:31 --> 02:04:34 seen this before? And it was a weight training Instagram account though. I was
1392 02:04:34 --> 02:04:39 going in for a trading and I realized I couldn't sign on it says your your
1393 02:04:39 --> 02:04:46 accounts been locked due to community guidelines. pretend to be somebody else.
1394 02:04:46 --> 02:04:49 How the fuck am I gonna be pretend to be something else when it's me. I had the
1395 02:04:49 --> 02:04:56 link on my YouTube channel. Proving it's me. But someone hacked it and started
1396 02:04:56 --> 02:05:00 pretending that I'm selling something. When the first tweet look at my tweet As
1397 02:05:00 --> 02:05:05 pinned on my Twitter profile, I'm not selling you anything, I'm not charging
1398 02:05:05 --> 02:05:10 you anything, there's not going to be this return you in 2025 ICT ran out of
1399 02:05:10 --> 02:05:15 fucking money. Astro effects, though, no, I'm not doing any kind of fucking
1400 02:05:15 --> 02:05:23 bullshit like that I'm done like I'm done. But I want to be able to come back
1401 02:05:23 --> 02:05:28 into the community and just visit as just Michael, not inner circle trader,
1402 02:05:28 --> 02:05:33 not trying to be better than the next guy or, you know, talk some shit about
1403 02:05:33 --> 02:05:36 somebody else's stuff, I don't care if that's not what I'm here for. I don't
1404 02:05:36 --> 02:05:45 want that. And I just think that, you know, I've shared enough and turned
1405 02:05:45 --> 02:05:49 enough people into profitable students that are able to do this independently,
1406 02:05:49 --> 02:05:54 because understand this, everybody that has these withdrawals in their live
1407 02:05:54 --> 02:05:58 account and or funded accounts, and had been interviewed, and you see them
1408 02:05:58 --> 02:06:05 proving it with receipts. I'm extremely proud of them. I don't care what the
1409 02:06:05 --> 02:06:09 dominant denomination is, how much you pulled out, if you're doing it, and
1410 02:06:09 --> 02:06:16 you'd learn from me, I'm so proud of that. Because you did it on your own, I
1411 02:06:16 --> 02:06:22 didn't tell you when to get in. I didn't tell you when to close trade. In anybody
1412 02:06:22 --> 02:06:27 on the outside looking in, they have to deal with that. Because it's transferred
1413 02:06:27 --> 02:06:33 knowledge you learned. And now you're independent. Now, we don't have a
1414 02:06:33 --> 02:06:38 symbiotic relationship. And I'm proving it when I cut it off. Some of you are
1415 02:06:38 --> 02:06:42 scared, like, I'm not gonna be motivated. This is what's gonna have you
1416 02:06:42 --> 02:06:47 turn back to yourself to be motivating yourself. I've talked enough about this
1417 02:06:47 --> 02:06:54 into other spaces and people, I've put it on YouTube good find them. My whole
1418 02:06:54 --> 02:06:59 core content. I'm teaching you things, it's going to be impactful, not just
1419 02:06:59 --> 02:07:03 about the source material I'm talking about in the discussion. But relating
1420 02:07:03 --> 02:07:09 things that's going to come up using that information. You want to learn that
1421 02:07:09 --> 02:07:14 stuff. That's the stuff that matters more. They're the they're the answers to
1422 02:07:14 --> 02:07:19 the questions that you have not come up against yet. But because you're too new,
1423 02:07:20 --> 02:07:23 and most of you that are young and male, you're too fucking stupid to know
1424 02:07:23 --> 02:07:27 better, you don't know that you're going to end up in a situation. But I've
1425 02:07:27 --> 02:07:30 already gave you the solution. I've already gave you the coping mechanism to
1426 02:07:30 --> 02:07:34 replace that thought process with something more appropriate to eliminates
1427 02:07:34 --> 02:07:40 that problem. But but for the folks that are smart enough to know that I'm giving
1428 02:07:40 --> 02:07:45 you the answers before I asked you the questions before the market demands that
1429 02:07:45 --> 02:07:51 answer to that question of from you personally, it's advantageous for you to
1430 02:07:51 --> 02:07:56 consider how you might react in those sorts of circumstances. But as a 20 year
1431 02:07:56 --> 02:08:00 old, I didn't think like that. And you're not thinking like that now
1432 02:08:00 --> 02:08:06 either. So you have to, you have to take what I'm sharing, in weighed out, it's
1433 02:08:06 --> 02:08:11 not filler, this these things are here, I'm talking to you on a fucking
1434 02:08:11 --> 02:08:15 Saturday. They're not monetized. I'm not making anything out of this. Nothing.
1435 02:08:16 --> 02:08:18 Other people are monetizing them on their YouTube channel, and I don't give
1436 02:08:18 --> 02:08:25 a fuck. I'm telling you what it is that you need to know. I'm guiding I'm
1437 02:08:25 --> 02:08:28 teaching you from real world experience where I've hurt myself financially, I've
1438 02:08:28 --> 02:08:33 taken accounts to zero, not doing the things I'm telling you. This is what
1439 02:08:33 --> 02:08:37 I've learned not to do anymore. And this is what I changed my perspective. And
1440 02:08:38 --> 02:08:40 what I learned from this experience, so that way, you don't have to go through
1441 02:08:40 --> 02:08:45 it. Why would you want to shun something like that away? Like, why would you want
1442 02:08:45 --> 02:08:52 to discount that that's value? That's wisdom that's costing you nothing. And
1443 02:08:52 --> 02:08:57 just because you haven't experienced these circumstances, yes, you will. And
1444 02:08:57 --> 02:09:00 if you don't know how to deal with it, you're going to wreck yourself, or talk
1445 02:09:00 --> 02:09:03 yourself completely out of it. And you'll stay working at Jiffy fucking
1446 02:09:03 --> 02:09:06 lube, changing oil and maybe looking for a different job at Walmart, you know,
1447 02:09:06 --> 02:09:12 months later, doing routine mundane, mundane little bullshit time jobs never
1448 02:09:12 --> 02:09:14 really amounted to anything and always in lack.
1449 02:09:19 --> 02:09:29 I did that same shit. Almost 30 jobs, almost 30 of them bouncing around trying
1450 02:09:29 --> 02:09:41 to figure out what the hell I wanted to do. This is what I was made for. And the
1451 02:09:41 --> 02:09:47 proof of it is I've turned other people into profitable, consistently profitable
1452 02:09:47 --> 02:09:54 traders. And I'm extremely proud of all of you and I'm extremely thankful that
1453 02:09:54 --> 02:09:57 the Lord has given me the opportunity and the skill set to be able to transfer
1454 02:09:57 --> 02:10:10 to you And while I'm at this peak to cancel any final argument about it. It's
1455 02:10:10 --> 02:10:15 perfect timing. Because if it was in it for me to market something, sell
1456 02:10:15 --> 02:10:23 something to you do the math. I can do it easily. And you wouldn't even think
1457 02:10:23 --> 02:10:26 bad about it. Because I've said in the past, I'm they're gonna do mentorship.
1458 02:10:26 --> 02:10:28 If I said, I'm starting one right now, you'd forget, I said that you're like,
1459 02:10:28 --> 02:10:35 I'm glad he's still in it. Here's my money. Teach me show me. But there isn't
1460 02:10:35 --> 02:10:43 any of that coming. Don't want to deal with that anymore. I don't need money. I
1461 02:10:43 --> 02:10:46 don't need you to tell me. I'm good or my stuff works. I'm convinced of it
1462 02:10:46 --> 02:10:51 already. I don't need that. I want you to use it and feel confident using it.
1463 02:10:51 --> 02:10:57 And share with me what you're doing with it. That's all. If you're writing books
1464 02:10:57 --> 02:11:03 about my stuff, just credit me. Don't be like Jonathan flood. Fucking bullshit
1465 02:11:03 --> 02:11:07 artist, plagiarized and falsely attributed everything that he talked
1466 02:11:07 --> 02:11:11 about in that book. That was my mentorship. And when I caught his s out,
1467 02:11:11 --> 02:11:16 he quit. His middle finger to me was the right debt book. And that's why I'm in
1468 02:11:16 --> 02:11:20 his reviews telling everybody that's bullshit going on YouTube channel, see?
1469 02:11:23 --> 02:11:30 That's a clown. That's an asshole cloud chaser. They're gonna be writing books
1470 02:11:30 --> 02:11:36 about what I've taught forever now. Don't ask was just the credits and
1471 02:11:36 --> 02:11:43 people go to me, they'll hear me credit the Lord. That's what I want. That's
1472 02:11:43 --> 02:11:48 what I want. I'm leaving in the perfect position where anybody else will be
1473 02:11:48 --> 02:11:54 marketing out their ass to try to get money from everybody. I don't want it. I
1474 02:11:54 --> 02:11:56 don't need it. And it's proof, I don't need it
1475 02:12:04 --> 02:12:13 I can't wait to not refer to myself as three letters anymore. I can't wait
1476 02:12:13 --> 02:12:17 until I'm not the person. Everybody's bringing up all the time. I can't wait.
1477 02:12:21 --> 02:12:28 It's uncomfortable. I like this medium because I'm talking in a setting where
1478 02:12:28 --> 02:12:34 I'm constantly reminded I'm, I'm in the room by myself. I'm introverted. I'm not
1479 02:12:34 --> 02:12:38 I'm not a person, that would be all that outward. You can fuck with me, I'm gonna
1480 02:12:38 --> 02:12:44 stomp your fucking ass. But normally, I'm not going to be very forthcoming,
1481 02:12:44 --> 02:12:46 I'm going to be reserved, I'm gonna be the person that talks the least in the
1482 02:12:46 --> 02:12:55 room. But we're talking about something, I feel I have a little bit of authority.
1483 02:12:55 --> 02:13:00 And I've experienced that some people don't have. I have insight that nobody
1484 02:13:00 --> 02:13:06 else has. And I have the largest student base now that are bringing the receipts
1485 02:13:07 --> 02:13:17 proving it works. And they have the respect and consideration and character
1486 02:13:17 --> 02:13:25 to be able to say thank you appropriately. That's awesome. That's
1487 02:13:25 --> 02:13:31 awesome. I mean that those things are treasures to me. Every single time you
1488 02:13:31 --> 02:13:36 guys share what you've done and your results, I screenshot them a screenshot
1489 02:13:36 --> 02:13:46 on and I email them myself. I have a scrapbook of that stuff. And I've
1490 02:13:46 --> 02:13:55 literally in tears of appreciation and enjoy the people that have done face
1491 02:13:56 --> 02:14:01 videos. And they've made it private. Some people have done it publicly. But
1492 02:14:01 --> 02:14:04 they gave me their own testimony, what they did with the information and how it
1493 02:14:04 --> 02:14:09 impacted them and what they're able to do now. And to be able to see them and
1494 02:14:09 --> 02:14:14 watch their face as they start talking about how they're transformed now and
1495 02:14:14 --> 02:14:18 they're able to do things that they couldn't do before and he feels so much
1496 02:14:18 --> 02:14:25 more plugged in. In a world that really is hard to be in now. They feel
1497 02:14:25 --> 02:14:31 accomplished. They feel like they're on the right track. They feel like they're
1498 02:14:31 --> 02:14:36 exactly what they were supposed to be here for their success. They don't have
1499 02:14:36 --> 02:14:38 any doubts about what they're doing. It's going to fail in the future. What
1500 02:14:38 --> 02:14:42 happens if this stops working, they don't think that way. And watch their
1501 02:14:42 --> 02:14:46 their face light up and not their eyes really come to life when they start
1502 02:14:46 --> 02:14:52 talking about how it feels for them now. That's overwhelming for me. And that's a
1503 02:14:52 --> 02:14:57 treasure for me. That beats any amount of money that any of you would ever be
1504 02:14:57 --> 02:15:02 able to send to me because I choose means that person's love. And now
1505 02:15:02 --> 02:15:06 they're convinced that they're absolutely gonna be able to go forward
1506 02:15:06 --> 02:15:09 with that skill set doesn't mean they're gonna have losing trades, it just means
1507 02:15:09 --> 02:15:14 that they're confident that they have a skill set, like riding a bike. I've been
1508 02:15:14 --> 02:15:18 on a bike in a couple months now. But I'm quite stuck and certain that I can
1509 02:15:18 --> 02:15:23 get on that bike and ride it. It's a skill set I have now can I do all the
1510 02:15:23 --> 02:15:26 BMX tricks and shit like I did when I was a teenager? Hell no. And I had a
1511 02:15:26 --> 02:15:34 tribal hip out, right. But to see individuals literally show their hearts
1512 02:15:35 --> 02:15:42 and their appreciation, and they don't have to, you know, I get lots of emails,
1513 02:15:42 --> 02:15:45 I have never been able to get to because there's so many of you, I got letters, I
1514 02:15:45 --> 02:15:52 got boxes of letters, literally, that I don't have time to open up. Packages,
1515 02:15:52 --> 02:15:56 you don't need to send me gifts and stuff like that I know you are, you have
1516 02:15:56 --> 02:15:59 my address. And if you've been waiting for November to come, you're gonna send
1517 02:15:59 --> 02:16:03 me some stuff, please, you don't need to do that. I literally am running out of
1518 02:16:03 --> 02:16:06 space. And I don't want to be running storage places. Just the store shit that
1519 02:16:06 --> 02:16:10 people are sending to me. Just let me thank you give me a video that you made
1520 02:16:10 --> 02:16:15 private on YouTube. And just tell me what you want to say. Because believe
1521 02:16:15 --> 02:16:20 me, I watched all that. I watch it. And I'll comment, you'll see that I saw it.
1522 02:16:21 --> 02:16:25 And I'm just very appreciative of it. And my wife and I are very blessed to be
1523 02:16:25 --> 02:16:30 able to see the impact that the Lord's may have in other people's lives. And
1524 02:16:30 --> 02:16:39 I'm very, very honored to be called your mentor. And it's been my pleasure. It's
1525 02:16:39 --> 02:16:47 been my honor. I've had so much fun doing it. And I'm anxious to see who
1526 02:16:47 --> 02:16:52 comes after me that that's that's what my interest is in. Because it's going to
1527 02:16:52 --> 02:16:59 be one of you. It's going to be one of my students is going to come up and
1528 02:16:59 --> 02:17:02 they're going to be the next person that everybody looks to. And it's my hope
1529 02:17:03 --> 02:17:10 that they conduct themselves with character not arrogance, and does it
1530 02:17:10 --> 02:17:17 better than I did. So I'm not sure if you got anything out of this one today.
1531 02:17:19 --> 02:17:24 But I feel I'm gonna enjoy the rest of the day to day. And so I'll talk to you
1532 02:17:24 --> 02:17:26 next time. He sick