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2 |1 |00:01:09 ~-~-> 00:01:15 |ICT: Good gracious man, it's still a good morning. So I think I think I
3 |2 |00:01:15 ~-~-> 00:01:21 |figured out what's going on, every time I schedule a Twitter space and then try
4 |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
5 |4 |00:01:26 ~-~-> 00:01:31 |seems to be fine. So I guess if we do any more space between now and November
6 |5 |00:01:31 ~-~-> 00:01:34 |11, it'll just have to be one of those guerrilla attacks where you just don't
7 |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,
8 |7 |00:01:40 ~-~-> 00:01:48 |well, this fine Saturday morning, hope you're safe and in good spirits. I am,
9 |8 |00:01:49 ~-~-> 00:01:55 |admittedly, a little tired, stayed up all last night, working on some things
10 |9 |00:01:55 ~-~-> 00:02:01 |in my writings. getting prepared because we're getting real close to that 1
11 |10 |00:02:01 ~-~-> 00:02:07 |million mark on on YouTube, which is insane. At the time of this Twitter
12 |11 |00:02:07 ~-~-> 00:02:16 |space at 877,000 followers, which is absolutely incredible. And it's it's
13 |12 |00:02:16 ~-~-> 00:02:20 |really intimidating, when I think about it, it's a lot of a lot of folks all
14 |13 |00:02:20 ~-~-> 00:02:25 |around the world listening to my talk about things that can change their
15 |14 |00:02:25 ~-~-> 00:02:28 |entire legacy and family tree in terms of financial.
16 |15 |00:02:34 ~-~-> 00:02:39 |The topic this morning, immediately, I'd have a hard time finding something to
17 |16 |00:02:39 ~-~-> 00:02:43 |talk about. And it's probably sounds strange. But I've been preoccupied since
18 |17 |00:02:43 ~-~-> 00:02:48 |last Friday, with following along the events and listening to people that
19 |18 |00:02:48 ~-~-> 00:02:57 |actually are over there, in Israel and in Gaza. I have students from both
20 |19 |00:02:57 ~-~-> 00:03:05 |groups, and both of them want me to talk about things and defend each side. So
21 |20 |00:03:05 ~-~-> 00:03:08 |I'm gonna make a blanket statement here in two sentences. And then that's all
22 |21 |00:03:08 ~-~-> 00:03:17 |I'm gonna say about it. Okay. What you're doing is prophesied. I don't have
23 |22 |00:03:17 ~-~-> 00:03:23 |an answer for it. And I pray for both of you. Because there's children that are
24 |23 |00:03:23 ~-~-> 00:03:30 |suffering, adults, they can make these decisions to war. But the children don't
25 |24 |00:03:30 ~-~-> 00:03:37 |have that they're taught to do these things. And it's both sides. So that's
26 |25 |00:03:37 ~-~-> 00:03:47 |my statement on it. But the the topic this morning, came to mind when I
27 |26 |00:03:47 ~-~-> 00:03:56 |thought about my son. Where as a new trader, maybe as a new student, someone
28 |27 |00:03:56 ~-~-> 00:04:01 |that's trying to dabble into technical analysis and trading and seeing who has
29 |28 |00:04:01 ~-~-> 00:04:05 |what is appropriate for them. Because not everything that I teach is going to
30 |29 |00:04:05 ~-~-> 00:04:11 |be appropriate for everyone. And for most of you, you when you come in, if
31 |30 |00:04:11 ~-~-> 00:04:14 |you've ever listened to anybody else, teach or talk about the markets, as soon
32 |31 |00:04:14 ~-~-> 00:04:21 |as I dropped the, the idea, or suggested the idea or make the case that there is
33 |32 |00:04:21 ~-~-> 00:04:26 |at 100% manipulation and control the markets and it's algorithmic. And before
34 |33 |00:04:26 ~-~-> 00:04:29 |electronic trading became a thing, it was a group of men that actually
35 |34 |00:04:29 ~-~-> 00:04:35 |controlled price. And they worked there, the real market makers when they was
36 |35 |00:04:35 ~-~-> 00:04:42 |automated, and turned to electronic format, their scripts that run and I
37 |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
38 |37 |00:04:47 ~-~-> 00:04:52 |it goes against the brain that's been established in this industry because so
39 |38 |00:04:52 ~-~-> 00:04:56 |many people have titles and so many people have accolades that were given
40 |39 |00:04:56 ~-~-> 00:05:02 |because of whatever they've done, and they attributed it to The previous
41 |40 |00:05:02 ~-~-> 00:05:06 |archaic idea is that the markets are buying and selling pressure or supplying
42 |41 |00:05:06 ~-~-> 00:05:11 |demand factors. And it's not, it's manipulation, control sentiment. And
43 |42 |00:05:11 ~-~-> 00:05:15 |unseating those individuals for the purposes of fleecing them and taking
44 |43 |00:05:15 ~-~-> 00:05:19 |their position over and then taking the money. So that's really what it's all
45 |44 |00:05:19 ~-~-> 00:05:26 |about. It's war. It's warfare, basically, and deception. So if you
46 |45 |00:05:26 ~-~-> 00:05:34 |understand going into that it's not shocking. It's, it's armed use that way
47 |46 |00:05:34 ~-~-> 00:05:38 |you come in with the right mindset so that we're not worrying about your
48 |47 |00:05:38 ~-~-> 00:05:44 |system being perfect, you're more concerned about not falling victim to
49 |48 |00:05:44 ~-~-> 00:05:50 |what is predominantly used against retail thought. But as a new trader, as
50 |49 |00:05:50 ~-~-> 00:05:55 |a new student, or someone that's trying to do it, it's really easy to get
51 |50 |00:05:55 ~-~-> 00:06:01 |motivated in the beginning. Seeing other people show you their results, seeing
52 |51 |00:06:01 ~-~-> 00:06:07 |students getting interviewed and talking about how empowered they feel, in taking
53 |52 |00:06:07 ~-~-> 00:06:11 |money out of marketplace, and being able to spend it not to simply have some kind
54 |53 |00:06:11 ~-~-> 00:06:16 |of Market Replay report, which can't spend money on or a demo account, which
55 |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
56 |55 |00:06:22 ~-~-> 00:06:26 |pay your bills, and take your spouse or significant other over to a nice
57 |56 |00:06:26 ~-~-> 00:06:31 |restaurant once a month. And not think too much of it because of a paper or
58 |57 |00:06:32 ~-~-> 00:06:40 |tape reading event, those results. Don't pay the bills. So when you finally get
59 |58 |00:06:41 ~-~-> 00:06:49 |to the point where you want to try to do this, and you feel motivated. A strange
60 |59 |00:06:49 ~-~-> 00:06:53 |thing takes place when you're out there watching price action live. And when you
61 |60 |00:06:53 ~-~-> 00:07:00 |know, there's a likelihood of a big news driver coming out something that we call
62 |61 |00:07:00 ~-~-> 00:07:07 |a volatility injection, which is a red folder, event on the calendar. You can
63 |62 |00:07:07 ~-~-> 00:07:13 |use the econo day, or you can use the Forex factory calendar, I use those
64 |63 |00:07:13 ~-~-> 00:07:20 |interchangeably. But going back years and years and years ago, before Forex
65 |64 |00:07:20 ~-~-> 00:07:27 |was available to us, as traders, a common day. And the equivalent was
66 |65 |00:07:27 ~-~-> 00:07:31 |always the economic calendar. Everybody wanted to but I liked the format for
67 |66 |00:07:31 ~-~-> 00:07:36 |forex factory because it was easy for me to snatch those and share them as a
68 |67 |00:07:36 ~-~-> 00:07:40 |screenshot to students when I was just just teaching predominantly the forex
69 |68 |00:07:40 ~-~-> 00:07:48 |market. Well, when we have these motivations in the beginning, as a new
70 |69 |00:07:48 ~-~-> 00:07:52 |interested party and speculation, learning how to trade, learning how the
71 |70 |00:07:52 ~-~-> 00:07:57 |markets book price and how to engage it and try to seek a pattern, a model and
72 |71 |00:07:57 ~-~-> 00:08:02 |approach to trading plan something to get you into a trade help you manage it,
73 |72 |00:08:02 ~-~-> 00:08:10 |control your impulses. Aiming for a result that is hopefully gainful at the
74 |73 |00:08:10 ~-~-> 00:08:14 |end. And if not, not as much of a painful loss that would be so
75 |74 |00:08:14 ~-~-> 00:08:20 |debilitating, they would remove your interest or remove the motivation. But
76 |75 |00:08:20 ~-~-> 00:08:26 |when you are watching Real Time, live price action, whether it's tape reading,
77 |76 |00:08:27 ~-~-> 00:08:31 |whether it's demo trading, whether it's trading, a combine and trying to get a
78 |77 |00:08:31 ~-~-> 00:08:38 |funded account passed, or trading a funded account. Or live your money at
79 |78 |00:08:38 ~-~-> 00:08:46 |risk. It's a weird phenomenon that takes place where all the motivation that led
80 |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
81 |80 |00:08:50 ~-~-> 00:08:54 |at the dance now. Okay, you're just sitting there and you're watching price
82 |81 |00:08:54 ~-~-> 00:08:59 |action real time, you're not studying it in hindsight and back testing. You are
83 |82 |00:08:59 ~-~-> 00:09:03 |now met with the uncertainty of that hard right edge and you don't know where
84 |83 |00:09:03 ~-~-> 00:09:11 |it's gonna go. And if you subscribe to an opinion, that opinion may be
85 |84 |00:09:11 ~-~-> 00:09:15 |challenged immediately, as soon as you associated to whatever you see in the
86 |85 |00:09:15 ~-~-> 00:09:24 |charts. And that motivation sometimes can become impulse. Everything that you
87 |86 |00:09:24 ~-~-> 00:09:29 |try to do in the beginning, that leads you into the idea of pursuing
88 |87 |00:09:29 ~-~-> 00:09:34 |profitability. This is your career. This is your secondary income. This is your
89 |88 |00:09:34 ~-~-> 00:09:39 |retirement plan. This is your get rich, program, whatever it is, all of you're
90 |89 |00:09:39 ~-~-> 00:09:44 |going to have different views about why you're doing this. You want to impress
91 |90 |00:09:44 ~-~-> 00:09:51 |your in laws. I always found that very amusing when in 1995. I heard Larry
92 |91 |00:09:51 ~-~-> 00:09:56 |Williams, you talk about that. That's when he would do seminars, you know,
93 |92 |00:09:56 ~-~-> 00:09:59 |live events where people would be there and he's teaching them they would send
94 |93 |00:09:59 ~-~-> 00:10:03 |out quite snare in the beginning. You know, what are you trading for? Like,
95 |94 |00:10:03 ~-~-> 00:10:07 |what? Why are you trading? And he said, it was fun to read a lot of the
96 |95 |00:10:07 ~-~-> 00:10:10 |responses and people would say like new to the prove the my mother in law I was
97 |96 |00:10:11 ~-~-> 00:10:17 |you really worth it for their daughter to be married to him, right? I mean, all
98 |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
99 |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
100 |99 |00:10:26 ~-~-> 00:10:32 |when I first heard it, but also was pulling back in as an audience of one
101 |100 |00:10:33 ~-~-> 00:10:37 |watching his VHS tape in 1995. It made me feel uncomfortable, because he nailed
102 |101 |00:10:37 ~-~-> 00:10:41 |me right there. Because that's why I started trading. The whole reason why I
103 |102 |00:10:41 ~-~-> 00:10:47 |started in pursuing it was I wanted to be better and bigger than everybody else
104 |103 |00:10:47 ~-~-> 00:10:53 |thought I would be or am. And as a young man, you're very vulnerable, you're
105 |104 |00:10:53 ~-~-> 00:11:01 |vulnerable to the, the effects of other people's opinions of you. And young men
106 |105 |00:11:01 ~-~-> 00:11:05 |typically will act like they don't care. And they'll raise up and they'll use
107 |106 |00:11:05 ~-~-> 00:11:10 |colorful language and maybe even want to throw hands. Because you've really just
108 |107 |00:11:10 ~-~-> 00:11:16 |crushed them. And I was like that a 20 year old, you know, I wanted to find
109 |108 |00:11:17 ~-~-> 00:11:23 |success outside of the normal venues and routes that people take you working as
110 |109 |00:11:23 ~-~-> 00:11:28 |an employee going through college, you're trying to be the good slave. And
111 |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
112 |111 |00:11:31 ~-~-> 00:11:38 |me to try to subscribe to that view in the beginning. Because it had in my
113 |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
114 |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
115 |114 |00:11:47 ~-~-> 00:11:52 |go in. At the worst case, I could be a programmer, worst case. But I was
116 |115 |00:11:52 ~-~-> 00:12:01 |learning COBOL C ICs, Pascal basic, C++, that was the highest at the time when I
117 |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
118 |117 |00:12:12 ~-~-> 00:12:15 |get a job at all. And all the things that I started with as a motivation.
119 |118 |00:12:15 ~-~-> 00:12:20 |Like I'm going to be a systems analyst, I'm going to be a consultant for
120 |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
121 |120 |00:12:23 ~-~-> 00:12:24 |be a
122 |121 |00:12:25 ~-~-> 00:12:31 |in an IT specialist, or a computer programmer, someone working for a
123 |122 |00:12:31 ~-~-> 00:12:35 |company, my motivation was always I'm going to have my own place my own thing,
124 |123 |00:12:35 ~-~-> 00:12:38 |I'm going to call the shots for myself, because I don't want other people
125 |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
126 |125 |00:12:42 ~-~-> 00:12:50 |never impulsive at all, in my decision making, while going through the required
127 |126 |00:12:50 ~-~-> 00:12:56 |lessons classes, getting the credits, working towards a degree that would in
128 |127 |00:12:56 ~-~-> 00:12:59 |my mind, I thought it was going to who wouldn't want someone with computer
129 |128 |00:12:59 ~-~-> 00:13:03 |science and specializing in business management? Who I mean, if you think
130 |129 |00:13:03 ~-~-> 00:13:09 |about that, I mean, like you got it, right. That's what my opinion was. And I
131 |130 |00:13:09 ~-~-> 00:13:13 |was never impulsive. I was submissive to whatever. This is the prerequisites for
132 |131 |00:13:13 ~-~-> 00:13:17 |this class. To get this, you got to do this, you got to do that. And trading
133 |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
134 |133 |00:13:25 ~-~-> 00:13:32 |entrepreneur. And because of circumstances working for a Jewish
135 |134 |00:13:32 ~-~-> 00:13:40 |family in Owings Mills, in a chance, opportunity to see a magazine that I
136 |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
137 |136 |00:13:44 ~-~-> 00:13:50 |really would have, in my mind, wanted to reach for Entrepreneur Magazine, you
138 |137 |00:13:50 ~-~-> 00:13:56 |know, because it's like anything else is most of its advertisements. But it just
139 |138 |00:13:56 ~-~-> 00:14:00 |happened that magazine was laying on the desk in front of me. And I asked my then
140 |139 |00:14:00 ~-~-> 00:14:05 |boss, I said, I said, Glenn, Can Can I borrow this tonight? I'll bring it back.
141 |140 |00:14:05 ~-~-> 00:14:09 |He's like you have it. And you know, the story, that little classified ad in the
142 |141 |00:14:09 ~-~-> 00:14:15 |back, started the whole process of learning about commodities, which was
143 |142 |00:14:15 ~-~-> 00:14:19 |coming full circle, because when I was 1415, and 16 years old, my uncle was
144 |143 |00:14:19 ~-~-> 00:14:23 |telling me the richest people in the world trade futures and options. Get
145 |144 |00:14:23 ~-~-> 00:14:28 |yourself a good job. He was pushing me to be an electronic technician. And I
146 |145 |00:14:28 ~-~-> 00:14:34 |wasn't interested in that. And in sixth grade, I was making my own games. I was
147 |146 |00:14:34 ~-~-> 00:14:40 |coding them. I would stay after school in the math class, and I would ask the
148 |147 |00:14:40 ~-~-> 00:14:44 |teacher, teacher, I said, Can I stay as long as you stay and when you leave,
149 |148 |00:14:44 ~-~-> 00:14:49 |I'll leave with no problem. And sometimes I would be lucky enough to be
150 |149 |00:14:49 ~-~-> 00:14:54 |there till 630 Other days, it would just be 30 minutes and I'd walk home angry
151 |150 |00:14:54 ~-~-> 00:14:57 |that I didn't get enough time to practice and use because I didn't have a
152 |151 |00:14:57 ~-~-> 00:15:04 |computer. Like I didn't have one. So, you these are all the days when we had
153 |152 |00:15:04 ~-~-> 00:15:09 |to floppy disks, you couldn't put anything on it. Like it was nothing,
154 |153 |00:15:09 ~-~-> 00:15:12 |there's like, literally no storage whatsoever. And the computers were just
155 |154 |00:15:13 ~-~-> 00:15:19 |glorified calculators, right. But I was never impulsive about any of it. But
156 |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,
157 |156 |00:15:24 ~-~-> 00:15:29 |1,000% effort into it. But I was never really impulsive about any decision
158 |157 |00:15:29 ~-~-> 00:15:35 |making that was associated with that career path. So I found it a little bit
159 |158 |00:15:35 ~-~-> 00:15:46 |shocking when looking at price as a 20 year olds, and the potential to make a
160 |159 |00:15:46 ~-~-> 00:15:50 |lot of money in a very short period of time. And the sense of accomplishment
161 |160 |00:15:50 ~-~-> 00:15:58 |that it might present to me it was a perfect storm where I'm entering a field
162 |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
163 |162 |00:16:08 ~-~-> 00:16:13 |one book that was basically a rag that just introduced something that was not
164 |163 |00:16:13 ~-~-> 00:16:18 |even a method. Like I've presented you lots of concepts but I've also given you
165 |164 |00:16:18 ~-~-> 00:16:22 |specific models, how to use it, what time it's going to form how to enter it,
166 |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
167 |166 |00:16:26 ~-~-> 00:16:30 |complete absolute no excuse now you know how to trade and you can apply to any
168 |167 |00:16:30 ~-~-> 00:16:34 |timeframe. I didn't have that when I first started I had this is a head and
169 |168 |00:16:34 ~-~-> 00:16:39 |shoulders pattern. This is a bull flag. This is a channel breakout. This is a
170 |169 |00:16:39 ~-~-> 00:16:44 |wedge, this is an ascending triangle descending triangle. And this is a
171 |170 |00:16:44 ~-~-> 00:16:52 |broadening top and bottom formation or megaphone pattern trend lines that's
172 |171 |00:16:52 ~-~-> 00:17:00 |what I that's what I came into trading commodities with and the first step out
173 |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
174 |173 |00:17:10 ~-~-> 00:17:17 |idea what I was doing why I was even doing it at all I completely lost the
175 |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
176 |175 |00:17:21 ~-~-> 00:17:25 |got me to the point where I put money into a brokerage account. He got me to
177 |176 |00:17:25 ~-~-> 00:17:30 |the point where I was willing to accept the pay one vow 100 hours per contract
178 |177 |00:17:31 ~-~-> 00:17:39 |which they call full service commission. And as a new trader, it felt like they
179 |178 |00:17:39 ~-~-> 00:17:44 |were going to protect me and for the most part they they will just help you.
180 |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
181 |180 |00:17:48 ~-~-> 00:17:54 |up. Right? Okay. Do you want to use a stop loss? How much are you willing to
182 |181 |00:17:54 ~-~-> 00:18:03 |risk and they would help you determine that was Fox investments. Now when you
183 |182 |00:18:03 ~-~-> 00:18:08 |went with Lindwall doc or Iran Epstein or something to the equivalent,
184 |183 |00:18:08 ~-~-> 00:18:12 |something where you know, they expect you to know your orders, they didn't
185 |184 |00:18:12 ~-~-> 00:18:15 |deny me to handhold like they want to get your order and get off the phone.
186 |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
187 |186 |00:18:20 ~-~-> 00:18:27 |don't understand the gravity of that and how that would make it even more complex
188 |187 |00:18:27 ~-~-> 00:18:34 |for you right now. You're all young you're all fresh faces in this industry
189 |188 |00:18:34 ~-~-> 00:18:42 |listening to me and your thinking was that like yams, some not only did you
190 |189 |00:18:42 ~-~-> 00:18:47 |have to be right and you had time to market but you had the men time the
191 |190 |00:18:47 ~-~-> 00:18:50 |market in a way where you were anticipating the setup because you know
192 |191 |00:18:50 ~-~-> 00:18:54 |when you called the broker, you got the front desk first. Then you got to give
193 |192 |00:18:54 ~-~-> 00:18:58 |them your your desk number or letter. Since my last name was Huddleston and I
194 |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
195 |194 |00:19:03 ~-~-> 00:19:08 |usually within 10 rings they pick up and then they tell you okay each desk which
196 |195 |00:19:08 ~-~-> 00:19:13 |order and you tell them your account number and then you give them an access
197 |196 |00:19:13 ~-~-> 00:19:18 |that says that you verifies who you are kind like a pin and then you tell them
198 |197 |00:19:18 ~-~-> 00:19:21 |what you want to do. And then they read the order back to you the whole time.
199 |198 |00:19:22 ~-~-> 00:19:27 |All of this is going on the markets ticking around up and down up and down
200 |199 |00:19:27 ~-~-> 00:19:34 |maybe running away from you. And I had live cattle trades that did it was like
201 |200 |00:19:35 ~-~-> 00:19:40 |they open the gate and they all ran out and you know I was buying something way
202 |201 |00:19:40 ~-~-> 00:19:43 |past the price I should shut up but I was thinking well, you know my
203 |202 |00:19:43 ~-~-> 00:19:48 |motivation. My motivation told me that I need to be on the phone calling the
204 |203 |00:19:48 ~-~-> 00:19:53 |broker and when he told me the price because everything I was doing was
205 |204 |00:19:53 ~-~-> 00:20:01 |market orders. market orders. In a move that envelope It's already started
206 |205 |00:20:01 ~-~-> 00:20:07 |running. And the price he's telling me, literally is $400. past where I'm trying
207 |206 |00:20:07 ~-~-> 00:20:18 |to get in my motivation became impulse. I had to be part of that move. It just
208 |207 |00:20:18 ~-~-> 00:20:24 |confirmed that I was right about where it's gonna go. And I was so willing to
209 |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
210 |209 |00:20:30 ~-~-> 00:20:37 |trade at a very poor location. And I had to sit through a day of drawdown because
211 |210 |00:20:37 ~-~-> 00:20:43 |I bought it at an inflated price. And then my price was literally like, four
212 |211 |00:20:43 ~-~-> 00:20:48 |or five ticks away from the high of the day. And then it just receded back
213 |212 |00:20:48 ~-~-> 00:20:51 |throughout the day. And I was watching on my quote, trek, which is a little
214 |213 |00:20:51 ~-~-> 00:20:54 |handheld device and not much, really nothing. I'm seeing the mention that of
215 |214 |00:20:54 ~-~-> 00:20:58 |my ultra 20 Right now, which is a Samsung phone I use, I use Android
216 |215 |00:20:58 ~-~-> 00:21:07 |because Apple sucks the product folks who want to know why I think that it
217 |216 |00:21:07 ~-~-> 00:21:13 |just, I've had two phones where they failed on me. And Apple would not go in
218 |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
219 |218 |00:21:16 ~-~-> 00:21:23 |Christmases and birthdays and things that I filmed that I can't access. So
220 |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,
221 |220 |00:21:29 ~-~-> 00:21:36 |Android is better way, way better. But that same dimension size of the phone
222 |221 |00:21:36 ~-~-> 00:21:40 |I'm using can't wait to get rid of on November 12. The,
223 |222 |00:21:42 ~-~-> 00:21:45 |the size and dimension of this is almost equivalent to what a quote Trek was
224 |223 |00:21:46 ~-~-> 00:21:50 |coatrack was little bit bulkier. But what that was, is a little device that
225 |224 |00:21:50 ~-~-> 00:21:55 |had an extendable antenna on top of it. And it would give us real time quotes.
226 |225 |00:21:56 ~-~-> 00:22:03 |It wasn't charts, it was just quotes. So I was learning in the same way that
227 |226 |00:22:03 ~-~-> 00:22:08 |floor traders traded. Now, I didn't know that I wasn't being trained with the
228 |227 |00:22:08 ~-~-> 00:22:13 |idea that this is what you're doing. But you have to have defined ranges where
229 |228 |00:22:13 ~-~-> 00:22:19 |the price was the previous day, the high low. And then I would have ranges of the
230 |229 |00:22:19 ~-~-> 00:22:22 |morning session was the previous day with the afternoon session high and low
231 |230 |00:22:22 ~-~-> 00:22:26 |was and then what was the last hour tiny amount of trading before it closed,
232 |231 |00:22:26 ~-~-> 00:22:33 |whatever market I was interested in. And those ranges I used to determine whether
233 |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
234 |233 |00:22:38 ~-~-> 00:22:44 |buyer, because I didn't understand shorting. But here I am. broker's
235 |234 |00:22:44 ~-~-> 00:22:49 |telling me, yeah, you love candles at this price now. And he confirms the
236 |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
237 |236 |00:22:54 ~-~-> 00:22:59 |right now at market. And then you wait, they wait for you to confirm it. Yes.
238 |237 |00:22:59 ~-~-> 00:23:05 |And then it's okay. You want to hold for your confirmation? Yes. And then come
239 |238 |00:23:05 ~-~-> 00:23:10 |back. A minute or so. The whole time you're on the phone waiting. It's moving
240 |239 |00:23:10 ~-~-> 00:23:14 |around. Now. Think about what you're witnessing in your, in your charts live.
241 |240 |00:23:15 ~-~-> 00:23:18 |From the time you feel like it's time for you to take the trade. Then you
242 |241 |00:23:18 ~-~-> 00:23:25 |gotta find a payphone. Get out of your vehicle. Walk over to it. Hopefully
243 |242 |00:23:25 ~-~-> 00:23:30 |there's nobody in the payphone. Sometimes I had to wait. But my
244 |243 |00:23:30 ~-~-> 00:23:34 |motivation that brought me to that trade. Sometimes I offered the guy
245 |244 |00:23:34 ~-~-> 00:23:38 |looking Can I have? Can I have that phone? Here's 20 bucks, please. I need
246 |245 |00:23:38 ~-~-> 00:23:42 |to make this phone call. Yeah, sure. Here you go. And then I lost money on
247 |246 |00:23:42 ~-~-> 00:23:49 |trade. So it was an insult to injury right? But motivation led to impulse.
248 |247 |00:23:50 ~-~-> 00:23:56 |What does that mean? What's your point here ICT What are you getting at? The
249 |248 |00:23:56 ~-~-> 00:24:06 |things that make you feel like you want to be able, willing to inviting the
250 |249 |00:24:06 ~-~-> 00:24:14 |risks. You don't respect that same measure of risk. When now when you are
251 |250 |00:24:14 ~-~-> 00:24:20 |really at that moment where you could still say no, I'm not gonna do it. Let
252 |251 |00:24:20 ~-~-> 00:24:28 |me just let me sit still and not do it. So your motivation leads you to the
253 |252 |00:24:28 ~-~-> 00:24:30 |dance. I mean, you're in front of the chart. You're sitting there, you're
254 |253 |00:24:30 ~-~-> 00:24:34 |watching you have your silver bullet in mind. You have your optimal trade entry
255 |254 |00:24:34 ~-~-> 00:24:38 |in mind you have, you know, whatever else I've ever taught that you've
256 |255 |00:24:38 ~-~-> 00:24:43 |gravitated to as your model. You have your draw on liquidity you believe it's
257 |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
258 |257 |00:24:47 ~-~-> 00:24:52 |just gives you a fair value get your in there. But then something magical
259 |258 |00:24:52 ~-~-> 00:24:59 |happens. Something magical comes in and changes everything. It's like your
260 |259 |00:24:59 ~-~-> 00:25:04 |perception completely changes and it becomes sometimes like a language you've
261 |260 |00:25:04 ~-~-> 00:25:09 |never read before. And you're, you're like a deer in headlights, you're
262 |261 |00:25:09 ~-~-> 00:25:14 |paralyzed. You knew what you wanted to do. Now you're from the charts and
263 |262 |00:25:14 ~-~-> 00:25:20 |you're watching life practice action, and you can't do it. You're waiting for
264 |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
265 |264 |00:25:27 ~-~-> 00:25:32 |when we first start, we call that confirmation. The only thing that it
266 |265 |00:25:32 ~-~-> 00:25:38 |confirms, is you sat there too long. That's what it confirms you sat there
267 |266 |00:25:38 ~-~-> 00:25:42 |too long. Now it's already moved, it will be better for you to wait for some
268 |267 |00:25:42 ~-~-> 00:25:47 |kind of a down close candle in a lower timeframe. Reach into a fair pay gap if
269 |268 |00:25:47 ~-~-> 00:25:51 |you're bullish. And then use that don't chase running higher price when you're
270 |269 |00:25:51 ~-~-> 00:25:56 |bullish, don't do it. Don't do it. Because the only thing you're doing is
271 |270 |00:25:56 ~-~-> 00:25:59 |increasing the likelihood of your stop loss needing to be larger than it's
272 |271 |00:25:59 ~-~-> 00:26:04 |necessary to be. Or making it harder for you to hold shape. Because you're going
273 |272 |00:26:04 ~-~-> 00:26:10 |to know since you enter it, you're going to be demanding subconsciously, that it
274 |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.
275 |274 |00:26:15 ~-~-> 00:26:20 |Whereas if you're bullish, this is how I teach. So it overcomes a lot of the
276 |275 |00:26:20 ~-~-> 00:26:24 |built in fears that are associated with being poorly placed in a trade or
277 |276 |00:26:24 ~-~-> 00:26:29 |chasing price. So if you're bullish, I'm teaching you to buy what a down closed
278 |277 |00:26:29 ~-~-> 00:26:34 |candle or a candle that's forming a likely down close candle, but it need
279 |278 |00:26:34 ~-~-> 00:26:39 |not closed down, it can be trading lower, and still have a higher close.
280 |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
281 |280 |00:26:44 ~-~-> 00:26:48 |lower into a inefficiency or run below a short term low to take those thoughts.
282 |281 |00:26:49 ~-~-> 00:26:53 |So you're gonna buy sell stops, or by inefficiency. On a buy side imbalance
283 |282 |00:26:53 ~-~-> 00:26:58 |sells on inefficiency, you're going to buy that rebalancing to close up an
284 |283 |00:26:58 ~-~-> 00:27:03 |overlap that up close candle that you're seeing is an inefficiency. So you're,
285 |284 |00:27:03 ~-~-> 00:27:09 |you're buying against the grain of price delivering versus impulsively chasing it
286 |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
287 |286 |00:27:18 ~-~-> 00:27:22 |market that has the market going up. Like I wouldn't be in the mood that's
288 |287 |00:27:22 ~-~-> 00:27:28 |going up. It's too scary. And speaking hypothetically, and in retrospect to how
289 |288 |00:27:28 ~-~-> 00:27:32 |it was when I first started, as a 20 year old, I was afraid to buy things
290 |289 |00:27:32 ~-~-> 00:27:37 |when it was moving lower. To me it made no sense. I mean, it literally made no
291 |290 |00:27:37 ~-~-> 00:27:44 |sense whatsoever whatsoever to to go in and try to pick a bottom. That's what I
292 |291 |00:27:44 ~-~-> 00:27:48 |was looking at it as because I heard my mentor say, you know, you got to avoid
293 |292 |00:27:48 ~-~-> 00:27:52 |trying to pick bottoms. They're like catching falling knives, you have to
294 |293 |00:27:52 ~-~-> 00:27:55 |wait for that dagger fall, hit the ground, stop quivering, then gently go
295 |294 |00:27:55 ~-~-> 00:28:00 |over and pick it up. That's verbatim. That's literally right out of that. For
296 |295 |00:28:00 ~-~-> 00:28:05 |cassette tape VHS, of course, the from 1995. It was ingrained in me just like
297 |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.
298 |297 |00:28:10 ~-~-> 00:28:14 |But you will see something in the charts and you'll hear my voice saying the very
299 |298 |00:28:14 ~-~-> 00:28:18 |thing that you had a resonation with in a video or lecture, maybe something in
300 |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
301 |300 |00:28:22 ~-~-> 00:28:29 |verbatim because it had it, it left an indelible mark on you. It made an impact
302 |301 |00:28:29 ~-~-> 00:28:36 |on you psychologically. So you know you think differently as a result of it. In
303 |302 |00:28:36 ~-~-> 00:28:42 |the beginning, when you have no real clue what you're doing no model you can
304 |303 |00:28:42 ~-~-> 00:28:49 |become very impulsive. But as a new student with a model with all the right
305 |304 |00:28:49 ~-~-> 00:28:55 |motivation, you still can be impulsive. What does that mean? What does that
306 |305 |00:28:55 ~-~-> 00:28:59 |mean? And what's what's the contrast between what I've already said so far,
307 |306 |00:28:59 ~-~-> 00:29:03 |versus someone that now has a model has all the right mindset has listened to
308 |307 |00:29:03 ~-~-> 00:29:08 |all the proper mindset from the inner circle trader and how to do this and how
309 |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
310 |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
311 |310 |00:29:15 ~-~-> 00:29:18 |bullet we know that it's likely going to draw to a liquidity pool that's pretty
312 |311 |00:29:18 ~-~-> 00:29:23 |obvious where it's likely to go. But here you are. Senior looking at price
313 |312 |00:29:24 ~-~-> 00:29:24 |Give me one second.
314 |313 |00:29:44 ~-~-> 00:29:52 |Grandma water I left it outside. So when you have a model, and you have all the
315 |314 |00:29:52 ~-~-> 00:29:55 |proper motivation that led you up to the point where now you've made a decision
316 |315 |00:29:55 ~-~-> 00:30:00 |you went to sleep the previous day. You woke up with every expectation that
317 |316 |00:30:00 ~-~-> 00:30:05 |you're going to go into this, following the plan, following the model following
318 |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
319 |318 |00:30:10 ~-~-> 00:30:18 |in front of the charts, you're there. And you do what? You act impulsively.
320 |319 |00:30:20 ~-~-> 00:30:26 |You see something that is not your model. Perfect exam, I'll give you
321 |320 |00:30:26 ~-~-> 00:30:36 |something. You've done the work. You've done the analysis, you've listened to me
322 |321 |00:30:36 ~-~-> 00:30:39 |talk about what I think the markets gonna likely drawl to, on a higher
323 |322 |00:30:39 ~-~-> 00:30:43 |timeframe, you committed to the idea that that's probably what you're going
324 |323 |00:30:43 ~-~-> 00:30:50 |to subscribe to. So you're only gonna focus in that direction. And that's the
325 |324 |00:30:50 ~-~-> 00:30:54 |proper mindset. Not that you should be handheld. But that's why I do it. So
326 |325 |00:30:54 ~-~-> 00:30:58 |that way, you can keep your premise, your bias, the narrative focused on that
327 |326 |00:30:58 ~-~-> 00:31:05 |time frame draw. You won't be 100%. But now, because you're in front of charts,
328 |327 |00:31:06 ~-~-> 00:31:12 |subconsciously, you're demanding that you're 100%. Is that practical? Is that
329 |328 |00:31:12 ~-~-> 00:31:17 |realistic? Is that something that anyone could reasonably expect to have?
330 |329 |00:31:20 ~-~-> 00:31:26 |Especially if they're new, no, of course not. But that motivation that carried
331 |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
332 |331 |00:31:29 ~-~-> 00:31:33 |your model, you're ready to pull the trigger, all you have to do is wait for
333 |332 |00:31:33 ~-~-> 00:31:40 |that fair value get into form, because it's going to be moving up quickly. And
334 |333 |00:31:40 ~-~-> 00:31:43 |it's going to create that little bias on the balance. So it's on an efficiency,
335 |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
336 |335 |00:31:50 ~-~-> 00:31:55 |handles. So that means your minimum criteria for trade will be met. It's
337 |336 |00:31:55 ~-~-> 00:32:00 |really there. But unfortunately, it's not there yet. And what happens is you
338 |337 |00:32:00 ~-~-> 00:32:06 |start seeing price run. And in your mind, you're thinking this is going to
339 |338 |00:32:06 ~-~-> 00:32:09 |be one of those times where it's not going to create a fair value gap. And
340 |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
341 |340 |00:32:15 ~-~-> 00:32:20 |the lipstick, I have all the motivation on here now. And I know what's going to
342 |341 |00:32:20 ~-~-> 00:32:24 |happen because Murphy's Law says that whatever can go wrong is going to go
343 |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
344 |343 |00:32:29 ~-~-> 00:32:32 |that because I've done all this preliminary analysis, I've done all this
345 |344 |00:32:32 ~-~-> 00:32:39 |preliminary work up listening to this guy jawbone, I'm all I'm all pumped up,
346 |345 |00:32:39 ~-~-> 00:32:44 |I'm ready to go. And here is running, it just took off eight handles straight one
347 |346 |00:32:44 ~-~-> 00:32:48 |shot, it's running, your mind is going to be tricked by that because you
348 |347 |00:32:48 ~-~-> 00:32:56 |haven't watched price enough. That motivation to do the right things get
349 |348 |00:32:56 ~-~-> 00:33:03 |replaced with impulsiveness because of lack of experience, the lack of the
350 |349 |00:33:03 ~-~-> 00:33:10 |doing of it. Being there, not just simply watching price, that's the first
351 |350 |00:33:10 ~-~-> 00:33:14 |stage is tapering to this the first stage, then you got to do it with a demo
352 |351 |00:33:14 ~-~-> 00:33:21 |and submit to the idea that the rules still have to be applied. But then, with
353 |352 |00:33:21 ~-~-> 00:33:26 |live fund trading, or the equivalent thereof, where you can lose something,
354 |353 |00:33:26 ~-~-> 00:33:30 |your fund account, challenge account, your funded account or your Live
355 |354 |00:33:30 ~-~-> 00:33:41 |account. You want to capture money and the lack of experience that you have.
356 |355 |00:33:42 ~-~-> 00:33:47 |And everybody has that lack in the beginning. In all of you and I was not
357 |356 |00:33:47 ~-~-> 00:33:52 |exempt from this. I wanted to get through that stage quickly. I wanted to
358 |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,
359 |358 |00:33:55 ~-~-> 00:34:01 |see you later. I ain't never gone back to that town again, which is ignorance
360 |359 |00:34:02 ~-~-> 00:34:07 |neophyte Ville, beginner. Like you want to be able to leave the ranks of an you
361 |360 |00:34:07 ~-~-> 00:34:12 |know, a newbie when I'm encouraging you to live there for a little while,
362 |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
363 |362 |00:34:16 ~-~-> 00:34:19 |character flaws that you have, that you're pretending you don't have. That
364 |363 |00:34:19 ~-~-> 00:34:22 |you've been hiding from yourself your entire life. however long you've been on
365 |364 |00:34:22 ~-~-> 00:34:29 |a spinning rock, all of you have character flaws. I don't hide mine. I
366 |365 |00:34:29 ~-~-> 00:34:32 |don't hide it. I tell you where they are. I'll tell you where my weaknesses
367 |366 |00:34:32 ~-~-> 00:34:38 |are. Because when I was a younger man, I tried to pretend it didn't exist. And
368 |367 |00:34:38 ~-~-> 00:34:42 |they were impediments to me. They they held me back. They were the barriers
369 |368 |00:34:42 ~-~-> 00:34:51 |that I held. I hugged, I held on to them. I held on to it like something
370 |369 |00:34:51 ~-~-> 00:34:55 |wrapped in barbed wire. It's not comfortable but you get used to that
371 |370 |00:34:55 ~-~-> 00:34:58 |uncomfortable state and it becomes normal for you. Like that's why abusive
372 |371 |00:34:58 ~-~-> 00:35:04 |relationships go on. spouses that, you know, beat their wives. Because they're
373 |372 |00:35:04 ~-~-> 00:35:10 |weak men, that women train themselves to, because they have children, they
374 |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
375 |374 |00:35:16 ~-~-> 00:35:24 |right. But they, they allow it to go on, because it becomes normal for them. And
376 |375 |00:35:24 ~-~-> 00:35:27 |change is a little bit more scary because it begins to bring in more
377 |376 |00:35:27 ~-~-> 00:35:33 |uncertainty. And as humans, we don't like uncertainty. But in this industry,
378 |377 |00:35:33 ~-~-> 00:35:40 |you chose to be in one that is always uncertain. There's nothing 100% All the
379 |378 |00:35:40 ~-~-> 00:35:44 |things that I have all the things that I share my track record, when I pull it
380 |379 |00:35:44 ~-~-> 00:35:47 |out, and I point to something before it happens. Look around, you've been
381 |380 |00:35:47 ~-~-> 00:35:52 |walking with me now for most two years now publicly. How many things that I
382 |381 |00:35:52 ~-~-> 00:35:58 |call in that happened? Very, very, very small number of that. But how many
383 |382 |00:35:58 ~-~-> 00:36:04 |things were right? And correct and where the market went to? You can't reasonably
384 |383 |00:36:04 ~-~-> 00:36:09 |expect to be like that in the beginning. And when you learn from someone, when I
385 |384 |00:36:09 ~-~-> 00:36:11 |was a martial artist, you know, I wanted to be as good as the guy that was
386 |385 |00:36:11 ~-~-> 00:36:16 |teaching me. And then better. That's what I wanted. Anything that they did,
387 |386 |00:36:16 ~-~-> 00:36:22 |that was impressive, I need to do it better than them. Why? Because I had
388 |387 |00:36:22 ~-~-> 00:36:27 |this deep, ingrained necessity for me to be significant. Because while I was
389 |388 |00:36:27 ~-~-> 00:36:34 |growing up in cardboard city, I was part of what we considered white trash. We
390 |389 |00:36:34 ~-~-> 00:36:40 |lived in low income in everybody and I got in fistfights and stopped a shadow
391 |390 |00:36:40 ~-~-> 00:36:47 |people that thought they were better than me. I curbed stopped people. You
392 |391 |00:36:47 ~-~-> 00:36:52 |know, that is where you stop there. As you beat them. You drag them over to a
393 |392 |00:36:52 ~-~-> 00:36:56 |curb, you open your mouth up with their teeth on the edge of the curb. And you
394 |393 |00:36:56 ~-~-> 00:37:01 |stop the back of their head. I've done that before. And the sound that makes
395 |394 |00:37:02 ~-~-> 00:37:09 |you'll never forget it. Those are things that I've done as a kid with people
396 |395 |00:37:09 ~-~-> 00:37:15 |older than me. Because they talked down to me, they acted like they were better
397 |396 |00:37:15 ~-~-> 00:37:25 |than me. So what drives me instilled today is that deep scar, I was the guy
398 |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
399 |398 |00:37:29 ~-~-> 00:37:35 |silver spoon in my ass, I didn't have that everything was a hard thing to do.
400 |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
401 |400 |00:37:41 ~-~-> 00:37:44 |had a lot of opposition around me, people will try to tell me, you're not
402 |401 |00:37:44 ~-~-> 00:37:49 |gonna be able to do it. You're gonna just you amount did the same thing we
403 |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,
404 |403 |00:37:55 ~-~-> 00:38:01 |You're not going to get good grades, and I got great grades. Constantly, the
405 |404 |00:38:01 ~-~-> 00:38:07 |enemy constantly will work on you to try to discourage you. And if you're strong
406 |405 |00:38:07 ~-~-> 00:38:12 |enough, that you have the motivation that keeps you going. When you're
407 |406 |00:38:12 ~-~-> 00:38:22 |finally there. He's really going to try because you're you've done it, you
408 |407 |00:38:22 ~-~-> 00:38:28 |finally climbed to that moment where now you're going to see the proof, you're
409 |408 |00:38:28 ~-~-> 00:38:32 |going to finally get that testimony that you can hold on to and say, nobody can
410 |409 |00:38:32 ~-~-> 00:38:37 |take this from me. And some of you are going to discover that that motivation
411 |410 |00:38:37 ~-~-> 00:38:41 |that got you there, which everybody needs it. I'm not trying to discourage
412 |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
413 |412 |00:38:47 ~-~-> 00:38:56 |phenomenon it takes place. Where once you're there you can't handle the
414 |413 |00:38:56 ~-~-> 00:39:04 |pressure. And you throw out all the rules. You don't wait for the setup. You
415 |414 |00:39:04 ~-~-> 00:39:09 |think that it's going to be stripped from you. You've worked so hard to get
416 |415 |00:39:09 ~-~-> 00:39:14 |to this moment. Now, here's your first shot, the first shot to use the
417 |416 |00:39:14 ~-~-> 00:39:18 |information that you've been studying. Now you can make gainful profits if it's
418 |417 |00:39:19 ~-~-> 00:39:25 |correctly done. But you don't have the experience yet to lean on. And you see a
419 |418 |00:39:25 ~-~-> 00:39:29 |sudden quick movement, which really isn't that much. Nothing's changed in
420 |419 |00:39:29 ~-~-> 00:39:34 |the trade setup. But in your mind, because so keyed up that motivation.
421 |420 |00:39:34 ~-~-> 00:39:37 |You're hopped up, you're ready to go.
422 |421 |00:39:38 ~-~-> 00:39:43 |You're that guy that all your friends are around, fight, fight, fight. When
423 |422 |00:39:43 ~-~-> 00:39:46 |they weren't there, you'd probably shake hands with the guy and say, You know
424 |423 |00:39:46 ~-~-> 00:39:54 |what? Yeah, I apologize, man. This just got out of hand. It's just forgive me
425 |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
426 |425 |00:39:58 ~-~-> 00:40:07 |now. because they've incited that rage, you've become lustful, for blood. You
427 |426 |00:40:07 ~-~-> 00:40:15 |need to do this now. And something happens, where that motivation becomes
428 |427 |00:40:15 ~-~-> 00:40:24 |impulse. And you don't use your model and you press the button. As soon as the
429 |428 |00:40:24 ~-~-> 00:40:31 |button is pressed, you're regretting it. Because now you just entered the
430 |429 |00:40:31 ~-~-> 00:40:42 |uncertainty. With no plan, no entry. No pdra, you chase the price. And
431 |430 |00:40:42 ~-~-> 00:40:45 |everything you've heard me say comes rushing into your brain. And you're
432 |431 |00:40:45 ~-~-> 00:40:51 |thinking, oh, man, this is that thing he talked about. Now that trade seems like
433 |432 |00:40:51 ~-~-> 00:40:58 |it's going to choke the life out of you. Maybe you start hyperventilating, you
434 |433 |00:40:58 ~-~-> 00:41:01 |don't realize it yet. So you start feeling your fingers and your hands and
435 |434 |00:41:01 ~-~-> 00:41:06 |your arms start tingling. All sudden, you start feeling your heart
436 |435 |00:41:07 ~-~-> 00:41:13 |palpitations. Because it can't breathe, doesn't feel like there's any air in the
437 |436 |00:41:13 ~-~-> 00:41:22 |room. So hard to breathe. That's anxiety. Now you're faint, you're
438 |437 |00:41:22 ~-~-> 00:41:26 |feeling the the effects of the adrenaline in your body. And you're
439 |438 |00:41:26 ~-~-> 00:41:36 |standing still. It's like a Ferrari, in neutral, running with the accelerating
440 |439 |00:41:36 ~-~-> 00:41:43 |pedal to the floor. It's not good for the engine. Now you're worrying about
441 |440 |00:41:43 ~-~-> 00:41:49 |what you're feeling bodily. And then cortisol is going to release. And that
442 |441 |00:41:49 ~-~-> 00:41:54 |hormone makes you feel like you're going to die. Now how can you be watching
443 |442 |00:41:54 ~-~-> 00:42:02 |price managing it. And what you should be doing, focusing on your model. If you
444 |443 |00:42:02 ~-~-> 00:42:06 |think you're having a stroke, or heart attack, or about the pass out, or throw
445 |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
446 |445 |00:42:17 ~-~-> 00:42:22 |over the Key Bridge and high winds. panicking because I'm watching my
447 |446 |00:42:22 ~-~-> 00:42:26 |quarterback tell me that there's absolutely nothing I can do. And I'm
448 |447 |00:42:26 ~-~-> 00:42:27 |nowhere near pay for and to get out.
449 |448 |00:42:32 ~-~-> 00:42:38 |You can't understand that. You don't understand that. Because you're so
450 |449 |00:42:38 ~-~-> 00:42:41 |spoiled with the information and technology we have today where we can
451 |450 |00:42:41 ~-~-> 00:42:48 |just press a button, getting it out. seconds, seconds, be on the other side
452 |451 |00:42:48 ~-~-> 00:42:55 |of a bridge. And then someone goes and has a typical thing that anybody else
453 |452 |00:42:55 ~-~-> 00:42:58 |would have normally, while they're doing construction. On the bridge, you only
454 |453 |00:42:58 ~-~-> 00:43:03 |have one lane, and then their engine dies. In your trade, you can't get out
455 |454 |00:43:04 ~-~-> 00:43:09 |and you can't move. And you lose your account that day. Because you thought
456 |455 |00:43:09 ~-~-> 00:43:18 |you were smart enough not to use a stop loss. And copper said Not today. That's
457 |456 |00:43:18 ~-~-> 00:43:23 |the stuff that I lived through that I did that stuff. Here's a lot of people
458 |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
459 |458 |00:43:26 ~-~-> 00:43:29 |made this much money. This is where I made that much money. I did this I did
460 |459 |00:43:29 ~-~-> 00:43:35 |that I did this. Nobody is comfortable telling you where they messed it up.
461 |460 |00:43:36 ~-~-> 00:43:40 |They want to hide it. They want to delete it like it didn't happen. Most of
462 |461 |00:43:40 ~-~-> 00:43:46 |my mentoring is telling you what it's gonna be really like. I don't sugarcoat
463 |462 |00:43:46 ~-~-> 00:43:50 |it. I don't pretend that I didn't come from humble beginnings where it was very
464 |463 |00:43:50 ~-~-> 00:43:56 |hard next to impossible and I quit dozens of times. That's what I call it.
465 |464 |00:43:57 ~-~-> 00:44:01 |But folks have been around for a while this new that is meant codeword for
466 |465 |00:44:01 ~-~-> 00:44:06 |Anita break. And in our jobs, it gets some money scratched up because I didn't
467 |466 |00:44:06 ~-~-> 00:44:13 |have a lot of it. But that motivation that leads you to the dance and you're
468 |467 |00:44:13 ~-~-> 00:44:17 |watching the charts. You got to guard your mind and really stick your heels
469 |468 |00:44:17 ~-~-> 00:44:21 |in, dig them in deep and say okay, yeah, that buttons right there. I can push it.
470 |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
471 |470 |00:44:26 ~-~-> 00:44:31 |going to get me in the trade. But am I entering the trade based on my model
472 |471 |00:44:31 ~-~-> 00:44:35 |with the logic in mind that I'm entering in the opposing direction of where I see
473 |472 |00:44:35 ~-~-> 00:44:43 |the profit. So if I'm bullish, I gotta be entering when prices drops. It's
474 |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
475 |474 |00:44:50 ~-~-> 00:44:55 |do that. When you do these types of trades in your buying while markets are
476 |475 |00:44:55 ~-~-> 00:44:59 |moving away from your expected directional draw, or your limit order to
477 |476 |00:44:59 ~-~-> 00:45:05 |take part or parcels are number one, you're gonna overcome a lot of fear that
478 |477 |00:45:05 ~-~-> 00:45:11 |most traders have. Because they they have confirmation bias. Every trader out
479 |478 |00:45:11 ~-~-> 00:45:16 |there goes through a stage of they need to have confirmation bias, they have to
480 |479 |00:45:16 ~-~-> 00:45:19 |know that they're in the trade in their own side, then they're willing to give
481 |480 |00:45:19 ~-~-> 00:45:25 |up a large portion of the first initial run. And then all of a sudden, now they
482 |481 |00:45:25 ~-~-> 00:45:34 |have courage. Oh, I know, I'm right now. I'm really right now. And then they
483 |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
484 |483 |00:45:41 ~-~-> 00:45:45 |that trade, it might pan out, it might go exactly where they thought was gonna
485 |484 |00:45:45 ~-~-> 00:45:47 |go originally, and probably never had any drawdown might be just they're
486 |485 |00:45:47 ~-~-> 00:45:50 |buying it and just start running and ripping away. That's really what they
487 |486 |00:45:50 ~-~-> 00:45:53 |want. But you know what, when that happens, it's a terrible thing, because
488 |487 |00:45:53 ~-~-> 00:46:02 |it's teaching you to do bad things, and expect good results. And domain he
489 |488 |00:46:02 ~-~-> 00:46:06 |sounds right. But you'll convince yourself at the time that this is this
490 |489 |00:46:06 ~-~-> 00:46:11 |is what's right for you. In the the absence and devoid of any real
491 |490 |00:46:11 ~-~-> 00:46:15 |experience, sound logic, you're gonna create your own, right there in the heat
492 |491 |00:46:15 ~-~-> 00:46:21 |of the moment. And that motivation becomes impulse. And for those that have
493 |492 |00:46:21 ~-~-> 00:46:27 |you to have traded with real risk of losing something, not a demo reset is
494 |493 |00:46:27 ~-~-> 00:46:31 |worst to happen on top now, you lost your funded account, you lost your
495 |494 |00:46:31 ~-~-> 00:46:38 |combine that you were working hard for trading with real money. You know
496 |495 |00:46:38 ~-~-> 00:46:46 |exactly what I'm talking about in the dozens of times as you've been here. You
497 |496 |00:46:46 ~-~-> 00:46:51 |have to have a model. But before that model is useful to you, you have to know
498 |497 |00:46:51 ~-~-> 00:46:56 |what price is likely to do. What characteristics does it show? How does
499 |498 |00:46:56 ~-~-> 00:46:59 |it how does it behave in the morning? How does it behave in the afternoon? How
500 |499 |00:46:59 ~-~-> 00:47:03 |does it behave in those respective sessions after a big up close day, or
501 |500 |00:47:03 ~-~-> 00:47:07 |down close day or an Inside Day, they're all characteristics that you need to
502 |501 |00:47:07 ~-~-> 00:47:12 |study and associate with over a period of time. And you're not going to be able
503 |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
504 |503 |00:47:17 ~-~-> 00:47:21 |you are just so willing to assume risk, hoping that you're right, like a lottery
505 |504 |00:47:21 ~-~-> 00:47:26 |winner, that you throw all sound logic and reason out the window, because you
506 |505 |00:47:26 ~-~-> 00:47:31 |just want to have something to hang your hopes on. Because if you make a little
507 |506 |00:47:31 ~-~-> 00:47:35 |bit of money, a little bit of money is better than what you were doing before.
508 |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
509 |508 |00:47:41 ~-~-> 00:47:45 |world that that means something that might be your gas being covered for the
510 |509 |00:47:45 ~-~-> 00:47:51 |week, back and forth to work. Things are expensive. When I put gas in my truck,
511 |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
512 |511 |00:47:58 ~-~-> 00:48:04 |cylinders, those you know, they eat it. I'm not worried about that money. But I
513 |512 |00:48:04 ~-~-> 00:48:06 |think about how it would hurt the average person out there. It's it's a
514 |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
515 |514 |00:48:10 ~-~-> 00:48:14 |here. They have these kinds of trucks sitting in their car lot and a huge lot.
516 |515 |00:48:14 ~-~-> 00:48:22 |They traded them and they can't handle it too much expense. Same thing, when
517 |516 |00:48:22 ~-~-> 00:48:25 |they bought that vehicle, they were motivated because they saw their buddies
518 |517 |00:48:25 ~-~-> 00:48:32 |have a truck. I gotta get a truck to everybody's driving trucks. And when he
519 |518 |00:48:32 ~-~-> 00:48:35 |bought it, because they were impulsive, they're regretting it, they have buyer's
520 |519 |00:48:35 ~-~-> 00:48:43 |remorse. You don't want your trading to have remorse. You want to have removed
521 |520 |00:48:43 ~-~-> 00:48:49 |any doubt that you can justify anything outside yourself as a reason why you
522 |521 |00:48:49 ~-~-> 00:48:54 |lost. That went over your head right now, especially the ones that don't have
523 |522 |00:48:54 ~-~-> 00:49:00 |selective hearing. So I'm gonna say it again real slow and painfully. Many of
524 |523 |00:49:00 ~-~-> 00:49:06 |you, especially the ones that are beginning this, you're trying to do
525 |524 |00:49:07 ~-~-> 00:49:14 |anything to get in and make money, but you're willing to ignore all sources of
526 |525 |00:49:14 ~-~-> 00:49:21 |responsibility on yourself. But as a trader that is actively trying to pursue
527 |526 |00:49:21 ~-~-> 00:49:30 |consistency and longevity, profitability what you're trying to do, while at
528 |527 |00:49:30 ~-~-> 00:49:38 |obtaining that as your goal, the way you get there is removing any excuse. Any
529 |528 |00:49:38 ~-~-> 00:49:47 |cause any reason for you failing. Outside of your own model in your own
530 |529 |00:49:47 ~-~-> 00:49:51 |experience. That's personal responsibility. And that's not taught in
531 |530 |00:49:51 ~-~-> 00:49:57 |this industry. It's easy to be able to say, well, the markets are random. Well,
532 |531 |00:49:57 ~-~-> 00:50:01 |you know, they really shouldn't offer fifth tene contracts, if it really isn't
533 |532 |00:50:01 ~-~-> 00:50:10 |good for us, they shouldn't really do that. There's always excuses, that the
534 |533 |00:50:10 ~-~-> 00:50:17 |ones that are not prepared to be responsible to be sound stewards of the
535 |534 |00:50:17 ~-~-> 00:50:20 |money that they have in their hands. And the risk that they associated with it,
536 |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
537 |536 |00:50:24 ~-~-> 00:50:31 |maximum loss drawdown margin call. You proved a point. Everybody knew it, but
538 |537 |00:50:31 ~-~-> 00:50:37 |you confirmed it. That scar tissue now that's going to motivate you to do
539 |538 |00:50:37 ~-~-> 00:50:42 |stupid things. Because now you're embarrassed. Because everybody saw what
540 |539 |00:50:42 ~-~-> 00:50:50 |we already knew might not be that grand of a scale of an embarrassment for you,
541 |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
542 |541 |00:50:54 ~-~-> 00:51:00 |the things figured out. And you impulsively predict and anticipate the
543 |542 |00:51:00 ~-~-> 00:51:06 |setup forming, but you want to be ahead of it. Because you can't weather the
544 |543 |00:51:06 ~-~-> 00:51:12 |impatience. It's agony. I mean, what if it runs without me? I sat here all this
545 |544 |00:51:12 ~-~-> 00:51:15 |time I did all that charting. I already told people is going to be buying long
546 |545 |00:51:15 ~-~-> 00:51:17 |and they're gonna be asking me for proof. Where's the receipts? Where'd you
547 |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
548 |547 |00:51:21 ~-~-> 00:51:33 |get there you go. There you go. You did everything wrong. I don't care if your
549 |548 |00:51:33 ~-~-> 00:51:36 |analysis was good. I don't care if your lipstick on your chart was correct. If
550 |549 |00:51:36 ~-~-> 00:51:42 |you draw on liquidity was correct all that. Everything, you just shot at this
551 |550 |00:51:42 ~-~-> 00:51:47 |shit with this entry. Because now your risk isn't appropriate. It's got to be
552 |551 |00:51:47 ~-~-> 00:51:54 |larger now, you entered in the direction of the Prophet which we don't do. Could
553 |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
554 |553 |00:51:57 ~-~-> 00:52:11 |down every time. Think let me retract that. When I'm inside of a PD array, I
555 |554 |00:52:11 ~-~-> 00:52:17 |can accumulate a new pyramid entry there too. But I have size behind me that's
556 |555 |00:52:17 ~-~-> 00:52:21 |already layered when I take those types of trades. Otherwise, if I don't have
557 |556 |00:52:21 ~-~-> 00:52:23 |that, I won't know more perfect example would be
558 |557 |00:52:24 ~-~-> 00:52:29 |my breaker sample was and I think prices are gonna go higher. I'll annotate the
559 |558 |00:52:29 ~-~-> 00:52:33 |chart while I'm doing the trades. And you see me recording it, I'll annotate
560 |559 |00:52:33 ~-~-> 00:52:37 |it as a bullish breaker. And I'm entering inside the breaker it hasn't
561 |560 |00:52:37 ~-~-> 00:52:40 |lifted yet and come back and touched it. See, that's that's the part, you know,
562 |561 |00:52:42 ~-~-> 00:52:46 |that's the easy side of it. The hard part is knowing where the markets gonna
563 |562 |00:52:46 ~-~-> 00:52:51 |go. And being confident that I can enter on the breaker. And if it comes back,
564 |563 |00:52:51 ~-~-> 00:52:55 |then I'll buy it again and add more because I'll have more to lean on.
565 |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
566 |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
567 |566 |00:53:08 ~-~-> 00:53:11 |to wait for to come back to the breaker. But if I've already bought like, I
568 |567 |00:53:11 ~-~-> 00:53:17 |bought the sell side that the breaker ran down for. I'm buying below that
569 |568 |00:53:17 ~-~-> 00:53:22 |previous low. Then when it goes up into what you would classically identify as a
570 |569 |00:53:22 ~-~-> 00:53:27 |breaker after it's moved above it and come back down touching it. I'm buying
571 |570 |00:53:27 ~-~-> 00:53:32 |it in it before it breaks above it before it's gonna retrace back again
572 |571 |00:53:32 ~-~-> 00:53:37 |touch it says a time is a reason for everything I'm doing. I'm not just
573 |572 |00:53:38 ~-~-> 00:53:42 |pulling it out of my ass just to say something or prove something that
574 |573 |00:53:42 ~-~-> 00:53:45 |doesn't have any sound logic that I repeat over and over and over again.
575 |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
576 |575 |00:53:50 ~-~-> 00:53:59 |executions are systematic. I had to learn that through pain, loss, blowing
577 |576 |00:53:59 ~-~-> 00:54:05 |accounts, losing lots of times, and every single time. Guess what I had
578 |577 |00:54:05 ~-~-> 00:54:10 |before it right before I lost the account before I lost the trade before I
579 |578 |00:54:10 ~-~-> 00:54:18 |had remorse. I had motivation. I had confidence. But that confidence net
580 |579 |00:54:18 ~-~-> 00:54:23 |motivation was like that guy. You're standing here. You really don't want to
581 |580 |00:54:23 ~-~-> 00:54:27 |fight this person. Not because you're very that they're gonna kick your ass.
582 |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.
583 |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
584 |583 |00:54:36 ~-~-> 00:54:39 |you have that circle of influence around you everybody's shirt and shouting. Oh
585 |584 |00:54:39 ~-~-> 00:54:46 |yeah, yeah. Fight, fight, fight, fight fight. When wisdom says Wait, if they
586 |585 |00:54:46 ~-~-> 00:54:50 |want to swing on you, then you hit them on their fucking throat. grabbed them by
587 |586 |00:54:50 ~-~-> 00:54:54 |their ears, drive their nose in your fucking knee. dragged him down to the
588 |587 |00:54:54 ~-~-> 00:54:57 |ground. Put your knee in a better fucking skull and pound a shed on them.
589 |588 |00:54:58 ~-~-> 00:55:06 |You didn't ask for it. But you reciprocated. You invited them to walk
590 |589 |00:55:06 ~-~-> 00:55:13 |away. They won't. Well, and trading at that moment, especially for young men,
591 |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.
592 |591 |00:55:22 ~-~-> 00:55:29 |Front kick, boom. But you find that you're the one falling down. You're the
593 |592 |00:55:29 ~-~-> 00:55:34 |one feeling that gut kick to the solar plexus and you can't breathe now,
594 |593 |00:55:34 ~-~-> 00:55:38 |because you push the button, you can't take it back. You can't take it back.
595 |594 |00:55:39 ~-~-> 00:55:42 |What does that mean? You know, you shouldn't have entered there. sound
596 |595 |00:55:42 ~-~-> 00:55:46 |logic would be alright, this is premature entry disclosure right now and
597 |596 |00:55:46 ~-~-> 00:55:54 |wait for the setup. But you won't, you won't, because the thing that pushed you
598 |597 |00:55:54 ~-~-> 00:55:58 |into that impulsively, is telling you right now, and I hope it keeps going up
599 |598 |00:55:58 ~-~-> 00:56:01 |from here. I hope it keeps going up here. Please don't drop, please don't
600 |599 |00:56:01 ~-~-> 00:56:07 |drop, please don't drop when it's so much less pain and suffering. Just to
601 |600 |00:56:07 ~-~-> 00:56:11 |close the trade, and then wait for that setup, you might have a little bit of
602 |601 |00:56:11 ~-~-> 00:56:16 |drama and commission costs you just spent okay. But you have preserved your
603 |602 |00:56:16 ~-~-> 00:56:22 |mental capital. The money that you're spending and potentially losing on that
604 |603 |00:56:22 ~-~-> 00:56:27 |trade is insignificant in terms of the amount of debt that you're going to
605 |604 |00:56:27 ~-~-> 00:56:32 |carry mentally as a trader for the rest of your career by doing that silly shit.
606 |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
607 |606 |00:56:38 ~-~-> 00:56:43 |worst case scenario, and ran all the way to wherever your stop would have been?
608 |607 |00:56:44 ~-~-> 00:56:47 |Would have been, as I said that there's something you aren't trading on a stop
609 |608 |00:56:47 ~-~-> 00:56:52 |loss. What's the worst that could happen? That loss doesn't end you. But
610 |609 |00:56:52 ~-~-> 00:57:01 |in your mind, you've lost a limb. You've lost your your strong arm. How else
611 |610 |00:57:01 ~-~-> 00:57:04 |could you ever go back into trading? If you lose this trade? If I lose this
612 |611 |00:57:04 ~-~-> 00:57:08 |trade? I can't imagine ever wanting to do this again. That's the equivalent of
613 |612 |00:57:08 ~-~-> 00:57:15 |what you're doing. But where was the motivation? That led you to that moment,
614 |613 |00:57:15 ~-~-> 00:57:19 |right? When it came to the time where you push that button, it transforms into
615 |614 |00:57:19 ~-~-> 00:57:25 |impulsiveness. That moment, right? Before you take your trade, you have to
616 |615 |00:57:25 ~-~-> 00:57:31 |really, really know what you're doing. You have to know exactly what you're
617 |616 |00:57:31 ~-~-> 00:57:35 |doing, why you're doing it. And before you press the button to get into it, you
618 |617 |00:57:35 ~-~-> 00:57:40 |have to know exactly where your static maximum risk is. And there must be a
619 |618 |00:57:40 ~-~-> 00:57:44 |stoploss there. Because once you have that, so you're you're trying to avoid
620 |619 |00:57:44 ~-~-> 00:57:48 |that stop loss, because you're afraid is going to hit it. Whereas a professional
621 |620 |00:57:48 ~-~-> 00:57:51 |minded trader, they want to know what that is. That way they don't worry about
622 |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
623 |622 |00:57:57 ~-~-> 00:58:01 |a loss. But you want to trade with the maximum leverage. So it makes perfect
624 |623 |00:58:01 ~-~-> 00:58:04 |sense for you to try to avoid everything ever getting. You'll never get stopped
625 |624 |00:58:04 ~-~-> 00:58:10 |out. You'll never get stopped out. If you'd never use a stop loss. You know
626 |625 |00:58:10 ~-~-> 00:58:14 |what that is? Head and head syndrome. Your head is too far up your ass and you
627 |626 |00:58:14 ~-~-> 00:58:19 |can't see things properly. I'm sorry, I can't see your perspective. I used to
628 |627 |00:58:19 ~-~-> 00:58:26 |see it like that. I went I went through that same thing. But I pulled my own
629 |628 |00:58:26 ~-~-> 00:58:29 |head on own ass and started looking at things correctly. And some of you are
630 |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
631 |630 |00:58:34 ~-~-> 00:58:40 |gonna be the exception. No, you're not. You just want to do it worse. This will
632 |631 |00:58:40 ~-~-> 00:58:45 |never talk about you never gonna tell you by what you did. When that would
633 |632 |00:58:45 ~-~-> 00:58:50 |probably be the best thing for you. It disarms you. It makes you human. It
634 |633 |00:58:50 ~-~-> 00:58:54 |proves that we are fattening. We're fallible. We're not infallible. Some of
635 |634 |00:58:54 ~-~-> 00:58:57 |you think I'm infallible as a traitor. Sometimes I don't do it right.
636 |635 |00:58:57 ~-~-> 00:59:01 |Sometimes, it doesn't work out where I want it to go. Like, there's many
637 |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,
638 |637 |00:59:06 ~-~-> 00:59:11 |do that. And there it is. And we sat together he's like, but Dad, it did
639 |638 |00:59:11 ~-~-> 00:59:15 |this, this this and you entered there. And it didn't do what you thought. So
640 |639 |00:59:16 ~-~-> 00:59:21 |how would I know that experience? And some of you don't want to hear that
641 |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
642 |641 |00:59:27 ~-~-> 00:59:34 |doing the same stuff all the time. You get used to it, you know with confidence
643 |642 |00:59:34 ~-~-> 00:59:40 |that that one trade that you're looking at right now. Even if it fails in the
644 |643 |00:59:40 ~-~-> 00:59:44 |three after it fails, it doesn't change the efficacy of the model. It doesn't
645 |644 |00:59:44 ~-~-> 00:59:49 |change you as the trader. It just means if you execute on them, you might have
646 |645 |00:59:49 ~-~-> 00:59:54 |incurred loss. But are you allowing for an inviting those losing trades there's
647 |646 |00:59:54 ~-~-> 00:59:58 |losses to take you completely out of the model and completely away from trading
648 |647 |00:59:58 ~-~-> 01:00:07 |and or having the ability To be solvent to trade. It's amazing how traders that
649 |648 |01:00:07 ~-~-> 01:00:12 |get so worked up chasing other people's bullshit online, these things that
650 |649 |01:00:12 ~-~-> 01:00:17 |people promote falsely, they don't have any evidence that they can do it. They
651 |650 |01:00:17 ~-~-> 01:00:21 |don't talk about before it happens, they don't use a model, or an approach that
652 |651 |01:00:21 ~-~-> 01:00:25 |is applicable. Or you can see being used in the executions. You don't even see
653 |652 |01:00:25 ~-~-> 01:00:29 |their executions, they just tell you, this is a trade I took. And they're
654 |653 |01:00:29 ~-~-> 01:00:34 |using the buy and sell overlay thing on trading view, that's not even an entry.
655 |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
656 |655 |01:00:38 ~-~-> 01:00:41 |listen to what they say they tell on themselves. But they're selling
657 |656 |01:00:41 ~-~-> 01:00:46 |mentorships. That's frustrating. For somebody that knows what the fuck is
658 |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
659 |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
660 |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
661 |660 |01:01:04 ~-~-> 01:01:08 |be trying to pay somebody for something, they better have the goods, they better
662 |661 |01:01:08 ~-~-> 01:01:11 |be able to prove that they can do what they're what they're claiming they can
663 |662 |01:01:11 ~-~-> 01:01:16 |do, instead of talk about something on that side of the chart. But you all fall
664 |663 |01:01:16 ~-~-> 01:01:25 |victim to that stuff. This image based stuff, materialistic stuff. And you
665 |664 |01:01:25 ~-~-> 01:01:34 |resist sound logic, real money making money preservation insights, that I went
666 |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
667 |666 |01:01:38 ~-~-> 01:01:43 |trying to very much remove the necessity for you to go through that same stuff.
668 |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
669 |668 |01:01:50 ~-~-> 01:01:55 |wonder why my own songs, do the things that they do the same reason why you
670 |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
671 |670 |01:01:58 ~-~-> 01:02:03 |gonna go down. You know, it's a symbiotic relationship. You know, I'm
672 |671 |01:02:03 ~-~-> 01:02:07 |ICTs offspring. It's, you know, whatever, you know, the, the main one
673 |672 |01:02:07 ~-~-> 01:02:13 |says all the ones, like, there's this relationship where whatever, it's a hive
674 |673 |01:02:13 ~-~-> 01:02:18 |mentality. The word escapes me, but it's kind of like the show, The Last of Us.
675 |674 |01:02:20 ~-~-> 01:02:23 |And the fungus whatever one fungus feels or experiences, they all feel at the
676 |675 |01:02:23 ~-~-> 01:02:27 |same time. That doesn't happen because they're my kids. They're discovering
677 |676 |01:02:27 ~-~-> 01:02:30 |themselves too. And they're discovering that they're human. And guess what
678 |677 |01:02:30 ~-~-> 01:02:36 |humans are. We're terrible decision makers. That's a skill set that has to
679 |678 |01:02:36 ~-~-> 01:02:42 |be honed, and beaten to us. Just scripture says iron sharpens iron.
680 |679 |01:02:43 ~-~-> 01:02:49 |Meaning it's not going to be easy. If iron had feelings and nerve endings, it
681 |680 |01:02:49 ~-~-> 01:02:54 |probably wouldn't be wincing when you rub it against another piece of iron.
682 |681 |01:02:57 ~-~-> 01:03:01 |When you take that raw piece of metal, and you want to forge it into a blade,
683 |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.
684 |683 |01:03:07 ~-~-> 01:03:15 |You got to take it's useless edges off and make one useful edge. That edge is
685 |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
686 |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
687 |686 |01:03:26 ~-~-> 01:03:32 |and you have this high tech 50 caliber sniper rifle in your hands. And you show
688 |687 |01:03:32 ~-~-> 01:03:34 |up and you're right there. You're sitting there, you're waiting for it.
689 |688 |01:03:34 ~-~-> 01:03:37 |You're looking through your scope. It's common, it's common, it's common, and
690 |689 |01:03:37 ~-~-> 01:03:39 |then all sudden the market starts to run and what do you do you reach for your
691 |690 |01:03:39 ~-~-> 01:03:44 |fucking baseball bat and you chase it. What the hell is that? It's caveman
692 |691 |01:03:44 ~-~-> 01:03:50 |mentality. That's not civilized. That's uncivilized. That savagery. We're
693 |692 |01:03:50 ~-~-> 01:03:58 |waiting for the mark to walk into the crosshairs. Gently hug the trigger. And
694 |693 |01:03:58 ~-~-> 01:04:03 |be confident that we have executed precisely what our models expecting us
695 |694 |01:04:03 ~-~-> 01:04:06 |to do. We will not second guess it because we've done everything up to the
696 |695 |01:04:06 ~-~-> 01:04:12 |point of engagement and entry. Our stop losses there. We don't worry about it,
697 |696 |01:04:12 ~-~-> 01:04:17 |because we're comfortable with the risk. But if I'm honest, it means I can only
698 |697 |01:04:17 ~-~-> 01:04:23 |really risk $75 Right? Exactly. That's why you're trading with a fucking
699 |698 |01:04:23 ~-~-> 01:04:30 |microbe. Okay, that's why you're doing that. It's not about how much you can
700 |699 |01:04:30 ~-~-> 01:04:36 |make it to how much you can afford to lose and still stay in the game while
701 |700 |01:04:36 ~-~-> 01:04:36 |you're learning.
702 |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
703 |702 |01:04:47 ~-~-> 01:04:51 |anyone a micro account. You gotta have this net yellow thing. You are not
704 |703 |01:04:52 ~-~-> 01:05:00 |versed in math. You have no idea. You rudimentary math is escaping you because
705 |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
706 |705 |01:05:06 ~-~-> 01:05:09 |it again, it doesn't have to be what I teach, it could be anything out there,
707 |706 |01:05:09 ~-~-> 01:05:16 |that causes you to have a decision. If you risk very little, and you're very,
708 |707 |01:05:16 ~-~-> 01:05:22 |very good at managing money, and don't over trade, you can be profitable doing
709 |708 |01:05:22 ~-~-> 01:05:26 |this, you're gonna have a lot of losing trades. And that might not sit well with
710 |709 |01:05:26 ~-~-> 01:05:32 |some of you, most of you. In fact, 99.9% of you, whether you are a profitable
711 |710 |01:05:32 ~-~-> 01:05:36 |student or trader of my stuff, or something else, you might be just
712 |711 |01:05:36 ~-~-> 01:05:43 |listening to this and not even a trader, you're like, No, I use Elliott Wave. And
713 |712 |01:05:43 ~-~-> 01:05:47 |I've made money. And this that nothing, okay, you made money, because you are
714 |713 |01:05:47 ~-~-> 01:05:53 |able to weather the losing trades. But nobody wants to warm up to the idea that
715 |714 |01:05:53 ~-~-> 01:05:55 |you're gonna lose a lot in the beginning, you're trying to avoid that,
716 |715 |01:05:56 ~-~-> 01:06:00 |when the whole secret is to do that very thing in the beginning, because all the
717 |716 |01:06:00 ~-~-> 01:06:04 |lessons that it teaches you removes the invitation for you to take that
718 |717 |01:06:04 ~-~-> 01:06:12 |motivation and let it become impulse. If you have gone to the stage of now you're
719 |718 |01:06:12 ~-~-> 01:06:18 |in that position where the trade that you're going to enter has a real risk,
720 |719 |01:06:18 ~-~-> 01:06:22 |risk of failing a funded account or drawing down in a funded account combine
721 |720 |01:06:22 ~-~-> 01:06:29 |or losing real money not account. If you got to that point. And you have not. If
722 |721 |01:06:29 ~-~-> 01:06:38 |you have not overcome this worrisome thoughts of what am I really looking
723 |722 |01:06:38 ~-~-> 01:06:43 |for? Where should I place my stop loss? Am I comfortable with what I'm risking
724 |723 |01:06:43 ~-~-> 01:06:48 |here? Is that stop really hard? Is it there? Is it or is it implied or a
725 |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
726 |725 |01:06:55 ~-~-> 01:07:01 |going to be mental afterwards, you're literally going to be worked. And a real
727 |726 |01:07:01 ~-~-> 01:07:06 |stop loss doesn't work there either. So what does that teach you? Why do I even
728 |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
729 |728 |01:07:10 ~-~-> 01:07:15 |about it? Or you get the guys that this is where the volatility is, Okay, show
730 |729 |01:07:15 ~-~-> 01:07:21 |me trading before the CPI, getting it right. Crickets. And the ones that try
731 |730 |01:07:21 ~-~-> 01:07:26 |get their asses handed to them in devastating fashion. That's an That's
732 |731 |01:07:26 ~-~-> 01:07:30 |embarrassing. And in some of these people, well, let's be honest, most of
733 |732 |01:07:30 ~-~-> 01:07:34 |them that are doing those things are selling something, of course, a room or
734 |733 |01:07:34 ~-~-> 01:07:42 |they have their own brokerage. That's nonsensical. It's, it's ludicrous. To
735 |734 |01:07:42 ~-~-> 01:07:47 |invite those instances in your trading, you want it to be boring, you want it to
736 |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
737 |736 |01:07:52 ~-~-> 01:07:56 |next setup based on the logic if the if the trade failed here, but the overall
738 |737 |01:07:56 ~-~-> 01:08:01 |conditions of the marketplace are as they should be still, I'm gonna take the
739 |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
740 |739 |01:08:06 ~-~-> 01:08:10 |going to do, unless I'm proven incorrect. And therefore I either need
741 |740 |01:08:10 ~-~-> 01:08:14 |to move to the sidelines and wait for new information or reverse. But that's
742 |741 |01:08:14 ~-~-> 01:08:18 |not always a reverse. In the beginning, that motivation, they are going to get
743 |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
744 |743 |01:08:22 ~-~-> 01:08:26 |want to stop loss because you chase price. That pressure that you're feeling
745 |744 |01:08:26 ~-~-> 01:08:29 |is gonna make you think you got it wrong. And you will abandon your model.
746 |745 |01:08:31 ~-~-> 01:08:34 |And then what do you do become impulsive again and say I got it wrong. Not
747 |746 |01:08:34 ~-~-> 01:08:37 |realizing that you just didn't do what you're supposed to do and wait for the
748 |747 |01:08:37 ~-~-> 01:08:43 |setup. You'll reverse in the natural progression of the retracement that your
749 |748 |01:08:43 ~-~-> 01:08:49 |original trade idea should have been waiting for. So you did it wrong chasing
750 |749 |01:08:49 ~-~-> 01:08:56 |it. Then you're scared because it's retracing on you. And you reverse. And
751 |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
752 |751 |01:08:59 ~-~-> 01:09:08 |yourself. You know, I knew this was going to happen, you know, and the
753 |752 |01:09:08 ~-~-> 01:09:13 |broker did this. They slipped me and I had to do you're lying. You fucking
754 |753 |01:09:13 ~-~-> 01:09:18 |chase the price. You did it incorrectly. And then you changed your mind because
755 |754 |01:09:18 ~-~-> 01:09:22 |you couldn't handle the pressure of the retracement because you were misplaced.
756 |755 |01:09:23 ~-~-> 01:09:28 |You weren't offside. You had a poor entry, poor execution you did it poorly.
757 |756 |01:09:29 ~-~-> 01:09:35 |You should have closed the trade set and we did with the setup. Not make one
758 |757 |01:09:35 ~-~-> 01:09:40 |decision incorrectly and then impulsively fixing a mistake doing the
759 |758 |01:09:40 ~-~-> 01:09:43 |opposite. Where the analysis didn't say anything about that trade reversing and
760 |759 |01:09:43 ~-~-> 01:09:48 |going lower. You have discovered you succumb to your own emotions. And poor
761 |760 |01:09:48 ~-~-> 01:09:52 |psychology that's now being stirred up. Because you're in the market. You chased
762 |761 |01:09:52 ~-~-> 01:09:59 |price and you didn't do anything and you completely lost the plot. Uncomfortable
763 |762 |01:10:00 ~-~-> 01:10:06 |Isn't it? It just happened to you this week, didn't it? Market went where you
764 |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
765 |764 |01:10:11 ~-~-> 01:10:23 |know it? Because I did that when I was 20. I did it multiple accounts. Some of
766 |765 |01:10:23 ~-~-> 01:10:29 |it resulted in losing trade accounts entirely. Do you need to lose your
767 |766 |01:10:29 ~-~-> 01:10:33 |trades in stunning fashion or blow your accounts to learn that lesson from me?
768 |767 |01:10:33 ~-~-> 01:10:38 |It's, I would have loved to have someone explained it to me like this, I would
769 |768 |01:10:38 ~-~-> 01:10:43 |have never looked at them and said, Well, you're, you're talking about all
770 |769 |01:10:43 ~-~-> 01:10:49 |this terrible stuff, like motivate me, man. I would have never done it. I don't
771 |770 |01:10:49 ~-~-> 01:10:53 |mean like, you know what, this is exactly what I need to hear. You're not
772 |771 |01:10:53 ~-~-> 01:10:57 |You're not fluffing me up with some bullshit. And I hear promising me that
773 |772 |01:10:57 ~-~-> 01:11:01 |I'm gonna get rich overnight. You've given me the things I have to concern
774 |773 |01:11:01 ~-~-> 01:11:05 |myself with, that I'm gonna have to wrestle with these are the real things.
775 |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
776 |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
777 |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
778 |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
779 |778 |01:11:27 ~-~-> 01:11:31 |not talking down to you. I'm taking myself right back to the location where
780 |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
781 |780 |01:11:35 ~-~-> 01:11:40 |high regard for now. I didn't get this insight by having fucking candy bar
782 |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
783 |782 |01:11:46 ~-~-> 01:11:50 |go through a lot of stuff. And books just don't make it plain enough for you.
784 |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.
785 |784 |01:11:57 ~-~-> 01:12:01 |It's all normal, though. And the way you get through it, is to get through it.
786 |785 |01:12:02 ~-~-> 01:12:08 |And how do you do it successfully by not having a whole lot of results oriented,
787 |786 |01:12:08 ~-~-> 01:12:14 |you know, progress in terms of a monetary sense. So remove that. Because
788 |787 |01:12:14 ~-~-> 01:12:20 |if you can do one thing that your cookie cutter approach, that little thing that
789 |788 |01:12:20 ~-~-> 01:12:25 |you do over and over and over again that repeats. What does that mean? Well,
790 |789 |01:12:25 ~-~-> 01:12:30 |husbands boyfriends are those in the culinary arts. You go down to your
791 |790 |01:12:30 ~-~-> 01:12:35 |kitchen pool, open the drawer that has all your cookie cutters in it. Just
792 |791 |01:12:35 ~-~-> 01:12:38 |reach in and grab one randomly doesn't matter which one it is okay, and eat,
793 |792 |01:12:38 ~-~-> 01:12:43 |grab that cookie cutter in your hand. Close your eyes and then hold it in your
794 |793 |01:12:43 ~-~-> 01:12:46 |hand and feel it. You know the shape is the star or it's the snowman cookie
795 |794 |01:12:46 ~-~-> 01:12:51 |cutter for Christmas. It might be the pumpkin, cookout cutting cookie cutter
796 |795 |01:12:51 ~-~-> 01:12:57 |for cut out for Halloween is coming out and thanksgiving. All those bends and
797 |796 |01:12:57 ~-~-> 01:13:00 |contortions in the shape of that cookie cutter. You don't need to lay eyes on
798 |797 |01:13:00 ~-~-> 01:13:03 |that you just know it, you know intimately is you can feel it. You've
799 |798 |01:13:03 ~-~-> 01:13:09 |seen it before. Why? Why are you comfortable? If I was to ask you what
800 |799 |01:13:09 ~-~-> 01:13:13 |you're holding what cookie cutter is it because you've seen it before. You don't
801 |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
802 |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
803 |802 |01:13:21 ~-~-> 01:13:25 |look at it. The same thing is what you're conditioned yourself to do with
804 |803 |01:13:25 ~-~-> 01:13:30 |this price action. You know that this fair value gap is going to form it's
805 |804 |01:13:30 ~-~-> 01:13:35 |going to fucking form every single day between 10 o'clock and 11 o'clock
806 |805 |01:13:35 ~-~-> 01:13:40 |without fail. It will always be there 100 Fucking percent it's going to be
807 |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
808 |807 |01:13:45 ~-~-> 01:13:48 |if they're blowing shit up around the fucking world. I don't care if the
809 |808 |01:13:48 ~-~-> 01:13:53 |fucking president gets fucking COVID 26 It doesn't fucking matter. This stuff is
810 |809 |01:13:53 ~-~-> 01:13:56 |going to keep working. It's going to keep working every fucking week, every
811 |810 |01:13:56 ~-~-> 01:14:00 |fucking day and it won't fucking stop. But you're not limiting yourself to
812 |811 |01:14:00 ~-~-> 01:14:07 |doing just these things to prove it to yourself. I have literally taken you
813 |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
814 |813 |01:14:14 ~-~-> 01:14:24 |what? It's there every fucking day. Every day, every day. London pre New
815 |814 |01:14:24 ~-~-> 01:14:29 |York session, New York session, afternoon session. Last hour trading.
816 |815 |01:14:30 ~-~-> 01:14:36 |Come on. Listen, you don't have any excuse. Why you shouldn't wait for
817 |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
818 |817 |01:14:41 ~-~-> 01:14:45 |for that one setup. You did it wrong. You did it wrong. Guess what that means?
819 |818 |01:14:46 ~-~-> 01:14:50 |You have an opportunity maybe in the same day to correct it or study and
820 |819 |01:14:50 ~-~-> 01:14:57 |build your confidence back up. But you're taking motivation and turning it
821 |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
822 |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
823 |822 |01:15:11 ~-~-> 01:15:15 |do that with the trading, I'm gonna be an overnight success, no one's gonna be
824 |823 |01:15:15 ~-~-> 01:15:18 |able to do it fast. And I'm gonna be the fastest meteoric rise in funded account
825 |824 |01:15:18 ~-~-> 01:15:26 |trading. You're making it harder news needs to be, really are. And you might
826 |825 |01:15:26 ~-~-> 01:15:28 |get a little bit of success here and here, but you're gonna go out there and
827 |826 |01:15:28 ~-~-> 01:15:33 |flaunt it, like it was the easiest thing since you know, riding your bike now,
828 |827 |01:15:33 ~-~-> 01:15:36 |you've probably been doing your whole life. It's easy. It's like riding a bike
829 |828 |01:15:36 ~-~-> 01:15:44 |now. And you're gonna lie to yourself in a lot anybody else's listening. Like
830 |829 |01:15:44 ~-~-> 01:15:53 |you're you're, you're providing all of the outside noise and justification,
831 |830 |01:15:53 ~-~-> 01:15:59 |that's not helping you. You're willing to go through all those things, you're
832 |831 |01:15:59 ~-~-> 01:16:05 |willing to enter a trade. When there is no setup, it hasn't formed yet, the
833 |832 |01:16:05 ~-~-> 01:16:09 |framework is likely to be there. The draw on liquidity where it's going to go
834 |833 |01:16:09 ~-~-> 01:16:12 |ultimately, you're in the session, it's probably going to go up here. But right
835 |834 |01:16:12 ~-~-> 01:16:16 |now it's running in the direction of the trade profit, you don't want to enter
836 |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
837 |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
838 |837 |01:16:27 ~-~-> 01:16:32 |in which it's permissible. It can color outside that Faraday gets a little bit
839 |838 |01:16:34 ~-~-> 01:16:39 |pissy when you impulsively enter, what you're really doing. And this is the
840 |839 |01:16:39 ~-~-> 01:16:46 |truth, folks, you're afraid that this thing that you're trying to do as a
841 |840 |01:16:46 ~-~-> 01:16:51 |model is going to fail in your own hands. And you know, that if it does,
842 |841 |01:16:51 ~-~-> 01:16:55 |and you do everything that you think is correct, you're not going to stick with
843 |842 |01:16:55 ~-~-> 01:16:58 |it. And you're going to start all over again, chasing something else and focus
844 |843 |01:16:58 ~-~-> 01:17:02 |on this nail down 90% of you motherfuckers you don't want to listen,
845 |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
846 |845 |01:17:05 ~-~-> 01:17:08 |the model, you're gonna fault the approach and in you because you're,
847 |846 |01:17:08 ~-~-> 01:17:12 |you're impulsive, you're gonna go out and chase Elliot waves, you're gonna
848 |847 |01:17:12 ~-~-> 01:17:14 |chase harmonic patterns you're gonna chase and some other bullshit
849 |848 |01:17:20 ~-~-> 01:17:26 |crazy in it? How can I do this? Because I did the same stupid shit. have done
850 |849 |01:17:26 ~-~-> 01:17:33 |the same stuff, folks. You have to change your perspective. You have to be
851 |850 |01:17:33 ~-~-> 01:17:38 |accountable to yourself. And you also have to give yourself the opportunity to
852 |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
853 |852 |01:17:44 ~-~-> 01:17:51 |series of good winning trades, and it's still Tuesday. That's not an invitation
854 |853 |01:17:51 ~-~-> 01:17:53 |because you have Wednesday and Thursday and Friday still the trade? Well, you
855 |854 |01:17:53 ~-~-> 01:18:01 |know, I gotta push my edge into adult blunt fucking edge. So many times, I've
856 |855 |01:18:01 ~-~-> 01:18:06 |seen students and I've done this before you go in there, you get a windfall
857 |856 |01:18:06 ~-~-> 01:18:11 |victory in the beginning the week, much larger than you normally would. Yeah,
858 |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
859 |858 |01:18:17 ~-~-> 01:18:19 |wife, she's finally gonna realize that seeing a video game less, I'm gonna tell
860 |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
861 |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
862 |861 |01:18:27 ~-~-> 01:18:32 |the weekend with a loss. That is demoralizing. That sucks. That really
863 |862 |01:18:32 ~-~-> 01:18:36 |sucks. Especially if you showed everybody online. And beginning the
864 |863 |01:18:36 ~-~-> 01:18:39 |week, here's what I made, here's what I made. And then they're like, progress
865 |864 |01:18:39 ~-~-> 01:18:46 |report, where yet Am I a baby I am coming on, I got things to do. radio
866 |865 |01:18:46 ~-~-> 01:18:52 |silence, you're making it harder on yourself by doing that. So you have to,
867 |866 |01:18:53 ~-~-> 01:18:57 |you have to weigh all these things out. And also provide no opportunity for them
868 |867 |01:18:57 ~-~-> 01:19:03 |to be in the trading. So it becomes less of an impact adversely. Because it's
869 |868 |01:19:03 ~-~-> 01:19:06 |real easy to talk yourself out of this. Because it's hard. It's really, really
870 |869 |01:19:06 ~-~-> 01:19:12 |hard. And what makes it hard is is that you are equating success and failure on
871 |870 |01:19:12 ~-~-> 01:19:21 |a personal level. Think about it as a business. Okay, think about like this,
872 |871 |01:19:21 ~-~-> 01:19:25 |you have a business and you do some kind of customer service for the business for
873 |872 |01:19:25 ~-~-> 01:19:29 |some for the community at large. Okay, say you run a landscaping business,
874 |873 |01:19:29 ~-~-> 01:19:32 |okay. And I'm thinking of that now because it's raining and usually the
875 |874 |01:19:32 ~-~-> 01:19:36 |landscaping company would be here today but it's raining so they're they're not
876 |875 |01:19:36 ~-~-> 01:19:39 |able to make their money today, so I'll probably see him tomorrow. So they
877 |876 |01:19:39 ~-~-> 01:19:45 |perform a function our service for the community. If I say to this business
878 |877 |01:19:45 ~-~-> 01:19:50 |owner or the employees of and say hey, listen, your we need areas is tearing up
879 |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
880 |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
881 |880 |01:19:58 ~-~-> 01:20:04 |employee held It's not his head, and then say, okay, sorry, I'll tell so and
882 |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
883 |882 |01:20:09 ~-~-> 01:20:15 |the weedeater each time, it nothing's gonna change. But if I call the company,
884 |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
885 |884 |01:20:20 ~-~-> 01:20:22 |just want to bring to your attention. Can you make sure that this continue?
886 |885 |01:20:23 ~-~-> 01:20:26 |Oh, absolutely, sir, I apologize, we're gonna take care of everyone. And once he
887 |886 |01:20:26 ~-~-> 01:20:31 |has handled that situation, in conversations over, he's not worrying
888 |887 |01:20:31 ~-~-> 01:20:34 |about me the rest of the day, he's not worrying about losing his account with
889 |888 |01:20:34 ~-~-> 01:20:38 |me, he's not worrying about, you know, his future business, he's not going to
890 |889 |01:20:38 ~-~-> 01:20:42 |charge start doing shit differently. He handles that matter right then and
891 |890 |01:20:42 ~-~-> 01:20:48 |there. And it's without emotion. It's just business to him. He understands
892 |891 |01:20:48 ~-~-> 01:20:53 |that not all customers are going to come in with a, you have a wonderful review.
893 |892 |01:20:55 ~-~-> 01:20:58 |I could contact and say, You're done, I'm gonna use somebody else, because
894 |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
895 |894 |01:21:03 ~-~-> 01:21:09 |stop becoming. Or he's not going to stop running his landscaping company because
896 |895 |01:21:09 ~-~-> 01:21:14 |I complained, or maybe even dropped them. That's not, that's not what he's
897 |896 |01:21:14 ~-~-> 01:21:19 |gonna do. Why? Because his fucking business model works. And I'm one
898 |897 |01:21:20 ~-~-> 01:21:25 |transaction, I'm one source of a model. He knows if he comes to this property
899 |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
900 |899 |01:21:31 ~-~-> 01:21:36 |going to do. The same thing that you're trading, you got treated the same way.
901 |900 |01:21:37 ~-~-> 01:21:41 |Not every single trade is going to yield the best review, the outcome is not
902 |901 |01:21:41 ~-~-> 01:21:47 |going to be as the favorable one. But does it take you out of reaching for
903 |902 |01:21:47 ~-~-> 01:21:52 |that model, or having faith in it being useful in the future? No, because it's
904 |903 |01:21:52 ~-~-> 01:21:56 |just like that cookie cutter. You can't ask the cookie cutter to be a rolling
905 |904 |01:21:56 ~-~-> 01:22:02 |pin. It's not its function. Just like you can't ask the silver bullet to be
906 |905 |01:22:02 ~-~-> 01:22:07 |there. You know, in times where it's not favorable for it, where's the
907 |906 |01:22:07 ~-~-> 01:22:11 |consolidation, and it's going to consolidate in Asia, or after four
908 |907 |01:22:11 ~-~-> 01:22:18 |o'clock, going into five o'clock in afternoon session. There's, there's no,
909 |908 |01:22:18 ~-~-> 01:22:23 |there's no silver bullet between five cups and 4pm and 5pm. But the markets
910 |909 |01:22:23 ~-~-> 01:22:31 |moving. It's, it's still ticking around. But there is no setup there. I would
911 |910 |01:22:31 ~-~-> 01:22:33 |never look at that and say, This is a silver bullet, this is a fair backup, I
912 |911 |01:22:33 ~-~-> 01:22:38 |would sell short or go long. And because of the timing of it, you're asking that
913 |912 |01:22:38 ~-~-> 01:22:44 |model to exist in a time when it's not going to be there. Which is the
914 |913 |01:22:44 ~-~-> 01:22:46 |equivalent of taking a cookie cutter and saying I'm going to use it as a rolling
915 |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
916 |915 |01:22:49 ~-~-> 01:22:58 |screwdriver, you know. But you know, that cookie cutter, if you lay it into
917 |916 |01:22:58 ~-~-> 01:23:02 |dough, okay, you take that dough, and you spread it across your counter and
918 |917 |01:23:02 ~-~-> 01:23:04 |you take that cookie cutter and you press it down into that dough that's
919 |918 |01:23:04 ~-~-> 01:23:09 |rolled out. And you know, when you lift that cookie cutter up slowly, and you
920 |919 |01:23:09 ~-~-> 01:23:13 |follow all the processes of rolling the dough out, taking the gutter and
921 |920 |01:23:13 ~-~-> 01:23:17 |pressing it down in maybe slightly twisting it back and forth a little bit,
922 |921 |01:23:17 ~-~-> 01:23:21 |and then slowly raising it up, you're gonna have a cut out of that dough in
923 |922 |01:23:21 ~-~-> 01:23:26 |the form of that cookie cutter. That's what your trading model is. That's what
924 |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.
925 |924 |01:23:32 ~-~-> 01:23:37 |Because if you can do this, if you can stick to the process of handling that
926 |925 |01:23:37 ~-~-> 01:23:41 |cookie cutter, the fairway gasps overboard, that takes five points or
927 |926 |01:23:41 ~-~-> 01:23:45 |five handles out of the marketplace. And you consistently are able to do that and
928 |927 |01:23:45 ~-~-> 01:23:50 |nothing else, guess what you're doing? You're you're forging, patience. You're
929 |928 |01:23:50 ~-~-> 01:23:54 |forging real experience that no one can take away from you. And you're learning
930 |929 |01:23:54 ~-~-> 01:23:57 |a lot about yourself what you're going to be feeling. Are you feeling
931 |930 |01:23:57 ~-~-> 01:24:01 |impulsive? Are you feeling impatient, the trades not panning out fast enough
932 |931 |01:24:01 ~-~-> 01:24:06 |for you where you're at is by being in the marketplace doing it. You have to
933 |932 |01:24:06 ~-~-> 01:24:10 |engage it and you won't feel impulsive. Like, I just got it in the street 30
934 |933 |01:24:10 ~-~-> 01:24:16 |seconds ago, it should have already done five handles by now. I know what it
935 |934 |01:24:16 ~-~-> 01:24:20 |feels like, if you want it to be painless, and I'm telling you it's going
936 |935 |01:24:20 ~-~-> 01:24:28 |to be painful. But it's worthwhile. It's worth while doing it. It's got an
937 |936 |01:24:28 ~-~-> 01:24:35 |outcome that is worth doing. That is not 100% success. But that less than 100%
938 |937 |01:24:35 ~-~-> 01:24:42 |success rate equates to your success ultimately. But you're trying to avoid
939 |938 |01:24:42 ~-~-> 01:24:45 |any losing. You're trying to avoid any kind of hardships or any kind of
940 |939 |01:24:45 ~-~-> 01:24:50 |embarrassment or discoveries about yourself and you want to not fail using
941 |940 |01:24:50 ~-~-> 01:24:56 |it because you're weak. You're an undisciplined, you have no sense of self
942 |941 |01:24:56 ~-~-> 01:25:00 |responsibility. And you know yourself well enough that if you Fail using the
943 |942 |01:25:00 ~-~-> 01:25:04 |model based on the rules, you're going to associate that one failure with it's
944 |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
945 |944 |01:25:07 ~-~-> 01:25:10 |have to justify things outside of myself, hold myself to no
946 |945 |01:25:10 ~-~-> 01:25:13 |accountability. And I have to chase something else. And I don't want to do
947 |946 |01:25:13 ~-~-> 01:25:21 |all that again. That's the reality, folks. This is actually going to be a
948 |947 |01:25:21 ~-~-> 01:25:27 |chapter in the book, but I wanted to say it. I wanted to say these things.
949 |948 |01:25:27 ~-~-> 01:25:32 |Because reading in words, it's easy to dislike. I saw the letters there, I saw
950 |949 |01:25:32 ~-~-> 01:25:35 |the spaces between the words, but I really didn't take anything from that.
951 |950 |01:25:35 ~-~-> 01:25:39 |It's just filler, it's fluff. But this is the real shit, folks, this is what
952 |951 |01:25:39 ~-~-> 01:25:45 |really goes on when you're pressing the button and it matters. This is the stuff
953 |952 |01:25:45 ~-~-> 01:25:49 |that goes on to your your thoughts, which are wrestling with which are
954 |953 |01:25:49 ~-~-> 01:25:58 |pretending isn't there. But in reality, this is really what it is. If I would
955 |954 |01:25:58 ~-~-> 01:26:00 |have titled this Twitter space
956 |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.
957 |956 |01:26:15 ~-~-> 01:26:17 |You probably wouldn't want to watch it probably wouldn't have listened to it.
958 |957 |01:26:18 ~-~-> 01:26:24 |Because you need to be. You need to be around someone like Tony Robbins wants
959 |958 |01:26:24 ~-~-> 01:26:26 |to tickle your ass with a feather and say, Hey, I think it's gonna be great
960 |959 |01:26:26 ~-~-> 01:26:29 |your success during the making. Everything's great for you. You're not
961 |960 |01:26:29 ~-~-> 01:26:32 |going to fail. Never accept failure, because it's never going to happen for
962 |961 |01:26:32 ~-~-> 01:26:38 |you. Get the fuck out of here. This guy used to be a fucking janitor. Okay, and
963 |962 |01:26:38 ~-~-> 01:26:43 |so all kinds of bullshit blowing smoke up people's asses. Walking on coals.
964 |963 |01:26:43 ~-~-> 01:26:46 |Yeah, you can walk on coals stand on the fucking coals then you're going to
965 |964 |01:26:46 ~-~-> 01:26:52 |impress me. It's fucking physics. The people see that shit like well, and
966 |965 |01:26:52 ~-~-> 01:27:06 |that's fine some gurus. Meanwhile, Tony route his brain. On following that guy
967 |966 |01:27:06 ~-~-> 01:27:09 |Grant Cardone follows me. I don't know how it happened. But if you're listening
968 |967 |01:27:09 ~-~-> 01:27:18 |grant Edelman. The the new week that's coming. I'm gonna say this, close it up.
969 |968 |01:27:23 ~-~-> 01:27:26 |When you're practicing, or when you're reading the tape, or if you're dealing
970 |969 |01:27:26 ~-~-> 01:27:29 |you're demoing or if you're gonna be taking another trade that would be
971 |970 |01:27:29 ~-~-> 01:27:35 |gainful. If it was to be profitable, whether it be funded account, funded
972 |971 |01:27:35 ~-~-> 01:27:41 |account, combine or live account funds. I want you to think about what I said
973 |972 |01:27:41 ~-~-> 01:27:48 |today. And want you to take it to heart. Because if you start feeling that, and
974 |973 |01:27:48 ~-~-> 01:27:56 |you feel like you just want to get in there, turn the chart off, walk away and
975 |974 |01:27:56 ~-~-> 01:28:03 |don't do anything. Come back to it an hour later, and see what would have
976 |975 |01:28:03 ~-~-> 01:28:07 |happened. And be honest with yourself. If you would have did the impulsive
977 |976 |01:28:07 ~-~-> 01:28:14 |entry, how much drawdown would you have gone through? Did it Did it run without
978 |977 |01:28:14 ~-~-> 01:28:17 |having a setup form later on, and still ultimately go to where your mind would
979 |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
980 |979 |01:28:25 ~-~-> 01:28:28 |folks that really are here trying to learn, they want to have excellence in
981 |980 |01:28:28 ~-~-> 01:28:32 |their executions. They want to be able to trust themselves as a trader, the
982 |981 |01:28:32 ~-~-> 01:28:36 |operator using the information and not be impulsive, like a gambler at the
983 |982 |01:28:36 ~-~-> 01:28:39 |casino this screw it I got 100 bucks left. I'm just tired of this. Let me
984 |983 |01:28:39 ~-~-> 01:28:43 |just lose everything. So that link I can't I can't come back to the table
985 |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
986 |985 |01:28:49 ~-~-> 01:28:51 |for life. I can never remember the name that thing. I got it right this time
987 |986 |01:28:51 ~-~-> 01:28:58 |slot machine. You a gambler. They don't have control themselves. They just they
988 |987 |01:28:58 ~-~-> 01:29:06 |lose themselves. And I don't gamble in casinos. I've taken $100 to a casino was
989 |988 |01:29:06 ~-~-> 01:29:09 |my first year anniversary, went to Atlantic City stayed at Taj Mahal, not
990 |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
991 |990 |01:29:14 ~-~-> 01:29:19 |family. And they let us stay in his room and it was really nice. But I knew
992 |991 |01:29:19 ~-~-> 01:29:23 |enough about myself that I don't want to take money there. And gamble so I said
993 |992 |01:29:23 ~-~-> 01:29:27 |I'll just put 100 bucks into a slot machine. And whatever happens I don't
994 |993 |01:29:27 ~-~-> 01:29:33 |care. And it took forever like five fucking hours for me to lose this 100
995 |994 |01:29:33 ~-~-> 01:29:36 |bucks every time I went down, down, down, down down. I never went higher
996 |995 |01:29:36 ~-~-> 01:29:42 |thinking like $115 is the highest one. So my best was $15 But who's gonna stop
997 |996 |01:29:43 ~-~-> 01:29:47 |it? 15 bucks, right? But for hours and hours and hours it would drop down I'm
998 |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
999 |998 |01:29:52 ~-~-> 01:29:56 |two something like that, but never one above 115 And they would drop me back
1000 |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
1001 |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.
1002 |1001 |01:30:05 ~-~-> 01:30:10 |And at this point, I'm like, man, what this shit is maximum bets, I want to
1003 |1002 |01:30:10 ~-~-> 01:30:13 |lose this now, because I don't have the discipline to get up and walk away from
1004 |1003 |01:30:13 ~-~-> 01:30:17 |it. Because in my mind, I'm thinking, I'm gonna get lucky, you know, the three
1005 |1004 |01:30:17 ~-~-> 01:30:21 |sevens might come up, you know, it might get whatever the machine title was
1006 |1005 |01:30:21 ~-~-> 01:30:28 |thrown near flashing above it. That's what happens in trading, every single
1007 |1006 |01:30:28 ~-~-> 01:30:33 |time I lost my account, it was the same thing, I would make a little bit of
1008 |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
1009 |1008 |01:30:37 ~-~-> 01:30:41 |back to the same equity high or the the opening balance, and then withdrawal
1010 |1009 |01:30:41 ~-~-> 01:30:45 |back down again. And then I'd get mad because it would just be back and forth,
1011 |1010 |01:30:45 ~-~-> 01:30:50 |back and forth, just underwater. And I just wanted to hit that one trade to put
1012 |1011 |01:30:50 ~-~-> 01:30:54 |me back above water. Because in my mind, I was thinking 20 year old, you know,
1013 |1012 |01:30:54 ~-~-> 01:30:58 |even if I have a failure here, I got plenty of time to make more money and
1014 |1013 |01:30:58 ~-~-> 01:31:03 |refund it. That was my excuse, that was the insurance policy. That's bullshit.
1015 |1014 |01:31:04 ~-~-> 01:31:08 |That's that's the wrong mentality, you need to treat it like it's the only
1016 |1015 |01:31:08 ~-~-> 01:31:11 |account that you're ever going to have. That means it means something to you.
1017 |1016 |01:31:11 ~-~-> 01:31:23 |It's your child's education fund. When you start thinking like that, it ain't
1018 |1017 |01:31:23 ~-~-> 01:31:29 |your girl money. It ain't your I can replace it with something I can do over
1019 |1018 |01:31:29 ~-~-> 01:31:35 |here or there. It means something to you. When you conduct it, with that in
1020 |1019 |01:31:35 ~-~-> 01:31:40 |mind, and you are held accountable, which is real hard in this industry,
1021 |1020 |01:31:40 ~-~-> 01:31:45 |because how can you be accountable to anyone that doesn't do it, too. It's not
1022 |1021 |01:31:45 ~-~-> 01:31:50 |like you can go to your spouse, your boyfriend, girlfriend, fa Miller, co
1023 |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
1024 |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
1025 |1024 |01:31:56 ~-~-> 01:32:00 |following the model, they want those opportunities, they wouldn't be I'd say,
1026 |1025 |01:32:01 ~-~-> 01:32:04 |I told you what's going to work. So you're not gonna be comfortable and
1027 |1026 |01:32:04 ~-~-> 01:32:09 |honest. And your spouse isn't going to see it, they're not going to see it,
1028 |1027 |01:32:10 ~-~-> 01:32:13 |they're not going to believe it, they're not going to be behind you. Because
1029 |1028 |01:32:13 ~-~-> 01:32:17 |they've never seen this before. You haven't seen it before, you brought
1030 |1029 |01:32:17 ~-~-> 01:32:21 |nothing for them to feel confident about what it is they should trust. There's no
1031 |1030 |01:32:21 ~-~-> 01:32:24 |evidence that what you're doing is a worthwhile investment and you're trying
1032 |1031 |01:32:24 ~-~-> 01:32:30 |to risk money, it seems like gambling, it seems like nothing more than going to
1033 |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
1034 |1033 |01:32:37 ~-~-> 01:32:44 |holding you accountable in a realistic manner without being too judgmental. So
1035 |1034 |01:32:44 ~-~-> 01:32:52 |you have to do it. You own all this responsibility. You're the CEO. You're
1036 |1035 |01:32:52 ~-~-> 01:32:58 |the CFO, you're the manager, you're the employee. You're the HR department,
1037 |1036 |01:32:59 ~-~-> 01:33:07 |you're all of it. And when you fail, you failed. Not the model. Not the broker
1038 |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
1039 |1038 |01:33:17 ~-~-> 01:33:21 |responsibility. At a time I was looking for every possible way where I can
1040 |1039 |01:33:21 ~-~-> 01:33:26 |justify somebody else's fault. Because I was angry. And I was angry and ignorant
1041 |1040 |01:33:26 ~-~-> 01:33:29 |the same time. And that's a terrible combination, especially today where we
1042 |1041 |01:33:29 ~-~-> 01:33:35 |have access to people's time, their eyes, reading tweets and bullshit that's
1043 |1042 |01:33:35 ~-~-> 01:33:38 |posted directly to them, because they wouldn't say that shift was in front of
1044 |1043 |01:33:38 ~-~-> 01:33:43 |them. People People have bravery today, because they're separated by 1000s of
1045 |1044 |01:33:43 ~-~-> 01:33:49 |miles. Anything and anonymity protects them. But that same kind of shit
1046 |1045 |01:33:49 ~-~-> 01:33:58 |wouldn't fly in the streets. Feature fucking card punch real quick. But you
1047 |1046 |01:33:58 ~-~-> 01:34:05 |invite social media, you invite toxicity, and all of those effects.
1048 |1047 |01:34:06 ~-~-> 01:34:12 |You're inviting at the time of your trade. You don't realize you're doing it
1049 |1048 |01:34:12 ~-~-> 01:34:16 |but you are because you're in a hurry, to have something to be able to share
1050 |1049 |01:34:16 ~-~-> 01:34:21 |and champion online. Because in your mind before you get these wins before
1051 |1050 |01:34:21 ~-~-> 01:34:26 |you get this profit. You're saying to yourself, I want to have this so I can
1052 |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
1053 |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
1054 |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
1055 |1054 |01:34:40 ~-~-> 01:34:44 |be a sense of encouragement to someone else and then therefore makes you
1056 |1055 |01:34:44 ~-~-> 01:34:49 |significant. But you're already significant. You're a work in progress.
1057 |1056 |01:34:50 ~-~-> 01:34:56 |But you're looking for outward signs of significance. versus you having comfort
1058 |1057 |01:34:56 ~-~-> 01:35:00 |in your own skin knowing that what you're about to do is what you Always
1059 |1058 |01:35:00 ~-~-> 01:35:04 |will do. You're not reinventing the wheel, you're not trying to do something
1060 |1059 |01:35:04 ~-~-> 01:35:09 |new. You're not letting the motivation become impulse. You're carrying the
1061 |1060 |01:35:09 ~-~-> 01:35:17 |motivation to execution, execution, execution. It's about that that's the
1062 |1061 |01:35:17 ~-~-> 01:35:21 |process. That's the model. It's about following the fucking rules. And if you
1063 |1062 |01:35:21 ~-~-> 01:35:25 |do that, by default, you will get the results you're looking for. But if you
1064 |1063 |01:35:25 ~-~-> 01:35:31 |don't do those things, and you can include outward opinions, or being led
1065 |1064 |01:35:31 ~-~-> 01:35:35 |to do things, for the purposes of being able to show somebody else that you did
1066 |1065 |01:35:35 ~-~-> 01:35:41 |something. You want to prove somebody wrong, you want to prove somebody
1067 |1066 |01:35:41 ~-~-> 01:35:45 |inferior to your ability to trading, you want to prove that your method is better
1068 |1067 |01:35:45 ~-~-> 01:35:52 |than their method, my method, it's yours, and back and forth bullshit. I
1069 |1068 |01:35:52 ~-~-> 01:35:59 |went out there this week cautious. Told you it's in the morning session on one
1070 |1069 |01:35:59 ~-~-> 01:36:01 |of these, I can't remember what it was. But
1071 |1070 |01:36:04 ~-~-> 01:36:08 |there was nothing algorithmic in the morning session. It was all manual
1072 |1071 |01:36:08 ~-~-> 01:36:12 |intervention, it was back and forth. None of the PD arrays were supporting
1073 |1072 |01:36:12 ~-~-> 01:36:16 |it, it really wasn't running for liquidity. It was his painting back and
1074 |1073 |01:36:16 ~-~-> 01:36:20 |forth, up and down, up and down at sea can destroy. If I trade that, I will
1075 |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
1076 |1075 |01:36:28 ~-~-> 01:36:36 |make sense. I told you, I would rather see it do this reach up to this specific
1077 |1076 |01:36:36 ~-~-> 01:36:41 |Basa liquidity. And above that there is a range, these very specific levels, I
1078 |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
1079 |1078 |01:36:47 ~-~-> 01:36:48 |tick.
1080 |1079 |01:36:53 ~-~-> 01:37:00 |Yesterday, beautiful execution, beautiful execution. But it's in a week
1081 |1080 |01:37:00 ~-~-> 01:37:07 |where what I just described and explain to you. This is the number one reason
1082 |1081 |01:37:07 ~-~-> 01:37:13 |why. Okay? This is the absolute number one reason why I don't sit down with you
1083 |1082 |01:37:13 ~-~-> 01:37:18 |live and go through the motions of doing this. Because many of you have
1084 |1083 |01:37:19 ~-~-> 01:37:23 |confirmation bias, like you have to have confirmation that if I say I'm doing
1085 |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
1086 |1085 |01:37:27 ~-~-> 01:37:31 |I use a limit order, where you can see that owner orders resting before the
1087 |1086 |01:37:31 ~-~-> 01:37:35 |market gets there, you all could potentially copy that trade. But not all
1088 |1087 |01:37:35 ~-~-> 01:37:42 |of you will, some of you are going to be well, a little skeptical, not in the
1089 |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
1090 |1089 |01:37:47 ~-~-> 01:37:51 |be risking your money. That's exactly what you want to do. You wanna be able
1091 |1090 |01:37:51 ~-~-> 01:37:54 |to copy what I'm doing. And the ones that won't take the actual orders,
1092 |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
1093 |1092 |01:37:57 ~-~-> 01:38:01 |to be so my order would be filled, I'm already in profit, it's running towards
1094 |1093 |01:38:01 ~-~-> 01:38:05 |my target, then you would do what I'm explaining here. The motivation for you
1095 |1094 |01:38:05 ~-~-> 01:38:10 |to want to take the trade. Now, you become impulsive. And you'll chase it.
1096 |1095 |01:38:11 ~-~-> 01:38:16 |And what will happen is exactly what the fuck happened on Internet Relay Chat.
1097 |1096 |01:38:16 ~-~-> 01:38:21 |Back in 2000 in 2001, where I was hosting a chat room. I was literally
1098 |1097 |01:38:21 ~-~-> 01:38:27 |calling the s&p. I was telling everybody what my orders were where my stop were,
1099 |1098 |01:38:27 ~-~-> 01:38:36 |where my target was. I was doing that. And I had people saying I lost fucking
1100 |1099 |01:38:36 ~-~-> 01:38:41 |money following you today because this this and this. Okay, show me your fills
1101 |1100 |01:38:42 ~-~-> 01:38:47 |six and a half, seven fucking handles past where my order was. That's not
1102 |1101 |01:38:47 ~-~-> 01:38:54 |following me. That's chasing me when I'm already winning. And in social media,
1103 |1102 |01:38:54 ~-~-> 01:38:58 |people have a tendency to be able to pitch online about things that are
1104 |1103 |01:38:58 ~-~-> 01:39:04 |absolutely 100% their fucking fault. And then people that don't know that any
1105 |1104 |01:39:04 ~-~-> 01:39:09 |better. Just show up like a car driving by a car car accident. They're turning
1106 |1105 |01:39:09 ~-~-> 01:39:14 |their heads in rubbernecking. Oh, wow, what's going on? Oh, this guy said this,
1107 |1106 |01:39:14 ~-~-> 01:39:17 |this this and he apparently he must not be able to trade because that person
1108 |1107 |01:39:17 ~-~-> 01:39:21 |found and they lost money. When the details are my trade worked out fucking
1109 |1108 |01:39:21 ~-~-> 01:39:26 |perfectly. And you didn't do anything right? And you chase something. And now
1110 |1109 |01:39:26 ~-~-> 01:39:31 |you're pissed off because You wrecked yourself. You didn't listen, you didn't
1111 |1110 |01:39:31 ~-~-> 01:39:35 |even use the model. You just chase something you think okay, it's finally
1112 |1111 |01:39:35 ~-~-> 01:39:41 |proven to me that it's going to keep moving. And then you got sucked into the
1113 |1112 |01:39:41 ~-~-> 01:39:45 |drawdown that's natural. It didn't reverse. But you can't handle it.
1114 |1113 |01:39:46 ~-~-> 01:39:49 |Because you don't know how to trade and you didn't do anything in the model.
1115 |1114 |01:39:49 ~-~-> 01:39:57 |You're just impulsively chasing price. And because Human nature being what it
1116 |1115 |01:39:57 ~-~-> 01:40:00 |is, you like anyone else with a weak mind would say Well, it's not I
1117 |1116 |01:40:00 ~-~-> 01:40:05 |responsibility. I didn't lose money. You cause me to lose money when I didn't
1118 |1117 |01:40:05 ~-~-> 01:40:12 |push the fucking button bitch? You did. You did that. And I have students in my
1119 |1118 |01:40:12 ~-~-> 01:40:17 |mentorship that in every intake, some of them tried to do that shit. And I said,
1120 |1119 |01:40:18 ~-~-> 01:40:22 |Show me where I told you the entry pattern was? Where was the entry price
1121 |1120 |01:40:22 ~-~-> 01:40:25 |on it? Where was the stop loss at that you employed? Where do you hear me say
1122 |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
1123 |1122 |01:40:32 ~-~-> 01:40:37 |study, which one of these PDE arrays Do you see continuously occurring? Whenever
1124 |1123 |01:40:37 ~-~-> 01:40:40 |I point to something in the price delivery, this is where I think he's
1125 |1124 |01:40:40 ~-~-> 01:40:44 |gonna go. And it runs there. When you observe and you study price action, what
1126 |1125 |01:40:44 ~-~-> 01:40:48 |are you seeing, because not everybody's gonna see a fair value gap, not
1127 |1126 |01:40:48 ~-~-> 01:40:52 |everybody's gonna see a mitigation block, nobody's gonna see nothing,
1128 |1127 |01:40:52 ~-~-> 01:40:57 |right. But everybody isn't going to see a breaker, the one that jumps off at you
1129 |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
1130 |1129 |01:41:02 ~-~-> 01:41:10 |start with. Because you're all going to learn from that one foundation, how you
1131 |1130 |01:41:10 ~-~-> 01:41:13 |can apply every PDA right after that, but you got to get good at one of them.
1132 |1131 |01:41:14 ~-~-> 01:41:18 |How's that possible, because you're all doing the same damn thing. The markets
1133 |1132 |01:41:18 ~-~-> 01:41:22 |gonna go to liquidity or inefficiency. And you have to have experience working
1134 |1133 |01:41:22 ~-~-> 01:41:30 |towards getting that goal as a skill set that you can lean on. If I'm 100%
1135 |1134 |01:41:30 ~-~-> 01:41:34 |confident that I know which side is going to go for buy side or sell side.
1136 |1135 |01:41:35 ~-~-> 01:41:40 |But it'd be in the form of inefficiency or actual liquidity below or above
1137 |1136 |01:41:40 ~-~-> 01:41:44 |highs. Whichever those two instances are whatever I settle in on, and I'm
1138 |1137 |01:41:44 ~-~-> 01:41:48 |confident with it. When I show you my pyramids, when I'm building up a
1139 |1138 |01:41:48 ~-~-> 01:41:54 |position, I'm literally trading every fucking PD array that's forming from the
1140 |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
1141 |1140 |01:41:57 ~-~-> 01:42:02 |see pan out, then I can't do any more pyramid entries. But I'm literally
1142 |1141 |01:42:02 ~-~-> 01:42:06 |trading every fucking pedia right? Just to prove and stick it in the assets of
1143 |1142 |01:42:06 ~-~-> 01:42:09 |everybody had doubts this stuffing really there, I do that in any one of
1144 |1143 |01:42:09 ~-~-> 01:42:14 |those pyramid entries could be your unique entry model. It's not it's not
1145 |1144 |01:42:14 ~-~-> 01:42:19 |selling the idea that that's better than the the other ones that I've taken. Any
1146 |1145 |01:42:19 ~-~-> 01:42:24 |one of those can be what you're looking for, but does it resonate with you. And
1147 |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
1148 |1147 |01:42:27 ~-~-> 01:42:33 |able to do that I want to do eight entries, and capture this big run up for
1149 |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
1150 |1149 |01:42:39 ~-~-> 01:42:44 |always have the best way of teaching the methodology that I'm trying to employ
1151 |1150 |01:42:44 ~-~-> 01:42:51 |teaching a concept many times gets lost in translation. And that's why sometimes
1152 |1151 |01:42:51 ~-~-> 01:42:54 |you'll say something to me that otherwise, you know, it's a really nice
1153 |1152 |01:42:56 ~-~-> 01:43:01 |opinion of me. It might be you know, a high remark. But I won't like it,
1154 |1153 |01:43:01 ~-~-> 01:43:06 |because you got something from something that I wasn't really aiming for. And I
1155 |1154 |01:43:06 ~-~-> 01:43:09 |don't want to encourage you to see something that really wasn't my
1156 |1155 |01:43:09 ~-~-> 01:43:16 |intention at all. So it's a very difficult thing for me to be a teacher
1157 |1156 |01:43:16 ~-~-> 01:43:22 |doing this. Because it brings with it I mean, if you were all honest, if you
1158 |1157 |01:43:22 ~-~-> 01:43:26 |were all honest, and you were 100% responsible, I would want nothing more
1159 |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
1160 |1159 |01:43:30 ~-~-> 01:43:35 |but you're you see people out there talking bullshit now. talking bullshit.
1161 |1160 |01:43:35 ~-~-> 01:43:40 |I'm not here proven it every fucking weak, and they're making up shit. It's
1162 |1161 |01:43:40 ~-~-> 01:43:45 |laughable. It's literally laughable. But that's human nature. And things are
1163 |1162 |01:43:45 ~-~-> 01:43:49 |getting tightly wound up and people are getting really emotional. They're
1164 |1163 |01:43:49 ~-~-> 01:43:54 |lashing out and they want every opportunity to find an outlet. Let me
1165 |1164 |01:43:54 ~-~-> 01:44:02 |plug into whatever's available so I can release my hostility. I'm not going to
1166 |1165 |01:44:02 ~-~-> 01:44:05 |do that for you. You're a fucking failure because you're a fucking
1167 |1166 |01:44:05 ~-~-> 01:44:11 |failure. When I failed, it was my fault. When I succeeded, it was because I
1168 |1167 |01:44:11 ~-~-> 01:44:17 |stopped thinking like a dumbass. Stop doing dumb shit. Stop inviting outward
1169 |1168 |01:44:17 ~-~-> 01:44:24 |influences. And me being impulsive. I had to wrestle that stuff. Had to subdue
1170 |1169 |01:44:24 ~-~-> 01:44:30 |it, overcome it, and make no allowance or invitation for it. That's what I'm
1171 |1170 |01:44:30 ~-~-> 01:44:36 |talking about. It's why it's going to take you longer. Probably example,
1172 |1171 |01:44:36 ~-~-> 01:44:41 |that's why I like that guy, Patrick Whelan. He tweeted, really? Why am I I
1173 |1172 |01:44:41 ~-~-> 01:44:44 |think he's being facetious to the people that follow me. He's having fun with all
1174 |1173 |01:44:44 ~-~-> 01:44:50 |you. You get to team mentality, and you'd have to defend me. I don't see
1175 |1174 |01:44:50 ~-~-> 01:44:57 |anything that he's doing. I think he's funny. But I like watching him because
1176 |1175 |01:44:57 ~-~-> 01:45:01 |he's a case study and everything I'm talking about. He shares his
1177 |1176 |01:45:01 ~-~-> 01:45:07 |frustrations with his shortcomings. I wish I could just hold on to these
1178 |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
1179 |1178 |01:45:11 ~-~-> 01:45:16 |study for you to see exactly what I'm talking about. And if you apply the
1180 |1179 |01:45:16 ~-~-> 01:45:20 |things I'm talking about as a solution, and did it openly in front of all you
1181 |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
1182 |1181 |01:45:23 ~-~-> 01:45:27 |hold the trays longer and had these big windfall victories, he'd have more
1183 |1182 |01:45:27 ~-~-> 01:45:33 |payouts, his audience would grow by default, he would be a bigger, well,
1184 |1183 |01:45:34 ~-~-> 01:45:38 |celebrity in the trading circle. He'd have more followers on his YouTube
1185 |1184 |01:45:38 ~-~-> 01:45:42 |channel, he had more ad revenue, people will probably be more inclined to buy
1186 |1185 |01:45:42 ~-~-> 01:45:48 |whatever he's selling. And for the folks that view him as toxic. If he was able
1187 |1186 |01:45:48 ~-~-> 01:45:52 |to be more consistent about taking these big runs, they wouldn't talk so much
1188 |1187 |01:45:52 ~-~-> 01:45:55 |about that. And I'm convinced that the people that bitch about him most are the
1189 |1188 |01:45:55 ~-~-> 01:45:59 |people that try to follow it. He's doing exactly what I just said in this Twitter
1190 |1189 |01:45:59 ~-~-> 01:46:04 |space today. They're chasing something. And they wreck themselves and they want
1191 |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
1192 |1191 |01:46:07 ~-~-> 01:46:10 |there, that's going to be able to be faulted for something that they
1193 |1192 |01:46:10 ~-~-> 01:46:17 |themselves done themselves. I'm sorry, but I'm going to call bullshit. It's
1194 |1193 |01:46:17 ~-~-> 01:46:23 |bullshit. Because as a 20 year old, I did the same damn thing. Okay. I blamed
1195 |1194 |01:46:23 ~-~-> 01:46:26 |Larry Williams for every fucking account that I blew after I learned some of his
1196 |1195 |01:46:26 ~-~-> 01:46:32 |shit. I blame that man. And he didn't tell me any fucking thing. Well, let me
1197 |1196 |01:46:32 ~-~-> 01:46:39 |retract that to sorry. I did subscribe to his s&p Alert thing for you, you
1198 |1197 |01:46:39 ~-~-> 01:46:43 |caught a 900 number. And he was okay, this is the pics for the night, I'm
1199 |1198 |01:46:43 ~-~-> 01:46:49 |watching this, I'm gonna be buying this many points above the opening price. So
1200 |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
1201 |1200 |01:46:52 ~-~-> 01:46:54 |use a $2,600 stop loss.
1202 |1201 |01:46:55 ~-~-> 01:47:00 |So he's risking 2600 hours to do this, whatever this trade was. And I never
1203 |1202 |01:47:00 ~-~-> 01:47:06 |made money using that stuff. And I did use what he was telling us an entry and
1204 |1203 |01:47:06 ~-~-> 01:47:11 |stop. I did all those things. And I'd never saw winning trade. So I stopped
1205 |1204 |01:47:11 ~-~-> 01:47:14 |it. Would I have eventually had a winning trade? I don't know didn't stay
1206 |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
1207 |1206 |01:47:20 ~-~-> 01:47:27 |do system hop, you're going to jump around. So he may have had some stellar
1208 |1207 |01:47:27 ~-~-> 01:47:30 |winds. But I wasn't willing to stick with it longer than a week and a half.
1209 |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
1210 |1209 |01:47:35 ~-~-> 01:47:39 |making any money, why am I gonna keep doing it? Right? So here, I've removed
1211 |1210 |01:47:39 ~-~-> 01:47:45 |every excuse for you. I've taught for free, openly publicly. I've literally
1212 |1211 |01:47:45 ~-~-> 01:47:50 |laid my mentorship in your fucking hands and said, shoot holes through it. See if
1213 |1212 |01:47:50 ~-~-> 01:47:53 |it doesn't work. People that have done it, guess what? They're fucking making
1214 |1213 |01:47:53 ~-~-> 01:47:58 |real money. Some of them are making more money than you make in a year. In
1215 |1214 |01:47:58 ~-~-> 01:48:04 |withdrawals. I have students that are just about the crossover to the real one
1216 |1215 |01:48:04 ~-~-> 01:48:11 |millionaire status. How many mentors out there doing that? How many mentors? Have
1217 |1216 |01:48:11 ~-~-> 01:48:21 |you seen make millionaires with trading for fucking free? For free? For free?
1218 |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
1219 |1218 |01:48:24 ~-~-> 01:48:28 |why everybody fucking hates me that sells not that because I'm tearing down
1220 |1219 |01:48:28 ~-~-> 01:48:32 |their shit. I'm not actively trying to do it. I'm not trying to victimize any
1221 |1220 |01:48:32 ~-~-> 01:48:38 |one of you. But the industry needs this. I'm a fucking enema. And I'm flushing
1222 |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
1223 |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
1224 |1223 |01:48:49 ~-~-> 01:48:54 |you. When I first learned how to do this shit. I was fucking clueless, not
1225 |1224 |01:48:54 ~-~-> 01:48:59 |changed and contorted everything. I abandoned this and abandoned that and
1226 |1225 |01:48:59 ~-~-> 01:49:04 |now had it in year three, almost three and a half years ahead. But I tweaked
1227 |1226 |01:49:04 ~-~-> 01:49:10 |and messed around with it for another year or two years. Going on six years.
1228 |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.
1229 |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
1230 |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
1231 |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
1232 |1231 |01:49:33 ~-~-> 01:49:39 |mindset, you're going to fail. Because I subscribe to the idea of wherever. I
1233 |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.
1234 |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
1235 |1234 |01:49:53 ~-~-> 01:49:59 |lot of room for taking a lot of time. Making mistakes, learning a lot about
1236 |1235 |01:49:59 ~-~-> 01:50:06 |shit that I thought I was gonna want to real quickly. But discovered, I was on
1237 |1236 |01:50:06 ~-~-> 01:50:11 |the right track by, like having a broader horizon for me getting to what
1238 |1237 |01:50:11 ~-~-> 01:50:12 |would be considered success
1239 |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
1240 |1239 |01:50:22 ~-~-> 01:50:25 |six years and not be able to find consistently profitable No way No can't
1241 |1240 |01:50:25 ~-~-> 01:50:29 |do it. But you'd be willing to go to college for four years, but no guarantee
1242 |1241 |01:50:29 ~-~-> 01:50:37 |of a job and go into 100,000 hours of fucking debt. You want to go through
1243 |1242 |01:50:37 ~-~-> 01:50:40 |some kind of trade school bullshit program, with no guarantee that you're
1244 |1243 |01:50:40 ~-~-> 01:50:46 |going to be able to make a living doing that job or be good enough to be
1245 |1244 |01:50:46 ~-~-> 01:50:51 |gainfully employed. Just because you got a certificate. nothing's guaranteed,
1246 |1245 |01:50:51 ~-~-> 01:50:55 |folks. So it's easy to talk yourself out of this. If you allow your friends and
1247 |1246 |01:50:55 ~-~-> 01:50:59 |family and influences and social media, the pattern what it is that you should
1248 |1247 |01:50:59 ~-~-> 01:51:05 |have and subscribe to as a mindset, you're fucked. I felt that I went
1249 |1248 |01:51:05 ~-~-> 01:51:06 |through that at 20 years old
1250 |1249 |01:51:13 ~-~-> 01:51:17 |it's human nature to be like that. But you're running your own company here.
1251 |1250 |01:51:17 ~-~-> 01:51:21 |Some of you are just about to start your own enterprise, your own business, your
1252 |1251 |01:51:21 ~-~-> 01:51:28 |own empire. And you're letting the fucking opinions of maggots and shells
1253 |1252 |01:51:29 ~-~-> 01:51:34 |tell you what you're going to be doing to be successful. And they're living in
1254 |1253 |01:51:34 ~-~-> 01:51:38 |their mother's fucking basement. They just graduated high school two years ago
1255 |1254 |01:51:38 ~-~-> 01:51:44 |and you're letting their opinion about you and what you should be doing you're
1256 |1255 |01:51:44 ~-~-> 01:51:51 |listening to that a bunch of text on a post or some fucking clowns making
1257 |1256 |01:51:51 ~-~-> 01:51:57 |videos talking about something that everybody sees working that's That's
1258 |1257 |01:51:57 ~-~-> 01:52:04 |insanity but that's also the same people that are failures they want to hurt
1259 |1258 |01:52:04 ~-~-> 01:52:08 |something that's hurt them they can't rise above what I put out there that
1260 |1259 |01:52:08 ~-~-> 01:52:15 |you're all having for free for free with the receipts that it fucking works with
1261 |1260 |01:52:15 ~-~-> 01:52:19 |real money with them out in my hands are out of my hands other people all around
1262 |1261 |01:52:19 ~-~-> 01:52:21 |the world different walks of life different age brackets, different sexes,
1263 |1262 |01:52:21 ~-~-> 01:52:29 |different whatever the fuck it is diversity the people that come here and
1264 |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
1265 |1264 |01:52:32 ~-~-> 01:52:35 |knowing something that can change the trajectory of their financial future.
1266 |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
1267 |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
1268 |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
1269 |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
1270 |1269 |01:52:56 ~-~-> 01:53:03 |fucking books there's an incline I'm stopping at the height all this bullshit
1271 |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
1272 |1271 |01:53:06 ~-~-> 01:53:09 |literally do it right now and you would gladly fucking send me money I don't
1273 |1272 |01:53:09 ~-~-> 01:53:14 |want your fucking money you worry about all the wrong shit and says this listen
1274 |1273 |01:53:15 ~-~-> 01:53:18 |just put the work all the effort into things that you're trying to combat
1275 |1274 |01:53:18 ~-~-> 01:53:21 |Utley fight against take that energy in tournaments. Okay, let me just put it
1276 |1275 |01:53:21 ~-~-> 01:53:27 |into this. I had so many trolls on baby pips that are now profitable,
1277 |1276 |01:53:27 ~-~-> 01:53:33 |consistently profitable fucking traders using my stuff. If they learned the free
1278 |1277 |01:53:33 ~-~-> 01:53:34 |shit right up there on 2022
1279 |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
1280 |1279 |01:53:43 ~-~-> 01:53:49 |be honest with you what you just showed. I was wrong. Thank you. And wish you
1281 |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.
1282 |1281 |01:53:55 ~-~-> 01:54:00 |I'm not here to hurt anybody. If you sell something, if you sell education,
1283 |1282 |01:54:00 ~-~-> 01:54:05 |if you sell on signals, how's it going to hurt you? If you use the information
1284 |1283 |01:54:05 ~-~-> 01:54:09 |I'm making available for free and it makes you better? And then your your
1285 |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
1286 |1285 |01:54:14 ~-~-> 01:54:21 |shit. I'm looking out for your customers more than you are. But you're not going
1287 |1286 |01:54:21 ~-~-> 01:54:25 |to undermine anything I've already done. It's already done. It's already done.
1288 |1287 |01:54:26 ~-~-> 01:54:29 |It's already in motion people already have it in their hands. They can't
1289 |1288 |01:54:29 ~-~-> 01:54:33 |forget what's already been taught. And they can fucking make money with it.
1290 |1289 |01:54:33 ~-~-> 01:54:41 |There's nothing anybody can do. Nothing all that drama all that fucking wasted
1291 |1290 |01:54:41 ~-~-> 01:54:47 |energy. Look around me and shits getting fucking hard. And you got time to be
1292 |1291 |01:54:47 ~-~-> 01:54:52 |doing this dumb shit armwrestling somebody else trying to get me to
1293 |1292 |01:54:52 ~-~-> 01:54:54 |fucking trade in your fake fucking brokerage account. Get the fuck outta
1294 |1293 |01:54:54 ~-~-> 01:55:00 |here, man. Get out of here. Trading a real fucking account. no third party
1295 |1294 |01:55:00 ~-~-> 01:55:04 |auditing company future trading commission, then people will take what
1296 |1295 |01:55:04 ~-~-> 01:55:08 |you're saying with a little bit more weight. White Label fucking brokers is
1297 |1296 |01:55:08 ~-~-> 01:55:15 |bullshit. Watching people lose 90,000 hours in a fucking a minute or two and
1298 |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
1299 |1298 |01:55:19 ~-~-> 01:55:23 |they're smiling about it, it's fucking fake. It's fake. If I'm dropping 90
1300 |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
1301 |1300 |01:55:27 ~-~-> 01:55:35 |staring into the fucking webcam like, yeah. It's horseshit. That's fucking
1302 |1301 |01:55:35 ~-~-> 01:55:44 |bullshit. Everybody's got their own fucking way of getting their audience.
1303 |1302 |01:55:45 ~-~-> 01:55:50 |But I want you to understand something. The greatest testimony that I don't need
1304 |1303 |01:55:50 ~-~-> 01:55:56 |to fleece anybody is me leaving at the highest point. Not going to sell you
1305 |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
1306 |1305 |01:56:00 ~-~-> 01:56:08 |my stuff is in print correctly. And nobody can say it was not explained. And
1307 |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
1308 |1307 |01:56:13 ~-~-> 01:56:18 |expensive book. It's going to be reachable for all of you. And I know
1309 |1308 |01:56:18 ~-~-> 01:56:21 |that the ones that are out there with low income conditions, they're all gonna
1310 |1309 |01:56:21 ~-~-> 01:56:23 |go out there and they're gonna fucking scan it. You're gonna share it on
1311 |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
1312 |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
1313 |1312 |01:56:33 ~-~-> 01:56:39 |gonna sell $5 editions of it. Once they're in print, I'll fucking put them
1314 |1313 |01:56:39 ~-~-> 01:56:43 |on my fucking website for free. I just want them with the ISBN number. It's the
1315 |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
1316 |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
1317 |1316 |01:56:56 ~-~-> 01:57:05 |worshipped. I'm leaving the King. I'm stepping off this fucking throne. Nobody
1318 |1317 |01:57:05 ~-~-> 01:57:10 |dethroned me no one pushing me off of social media. I fucking am leaving
1319 |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
1320 |1319 |01:57:19 ~-~-> 01:57:23 |excuse. You have no justification or any real reason why you can't take this
1321 |1320 |01:57:23 ~-~-> 01:57:31 |information and make money with it. It's costing you nothing in everything that
1322 |1321 |01:57:31 ~-~-> 01:57:34 |everybody's ever fucking said about me I've proven is total fucking bullshit.
1323 |1322 |01:57:38 ~-~-> 01:57:42 |Ask anybody right now that is selling shit or trying to grow their audience
1324 |1323 |01:57:42 ~-~-> 01:57:45 |and have a little fucking checkmark on fucking Twitter. Cow how many people are
1325 |1324 |01:57:45 ~-~-> 01:57:48 |in my audience right now listen, this Twitter space with a fucking checkmark.
1326 |1325 |01:57:48 ~-~-> 01:57:52 |I don't have no checkmark. I'm not trying to make money off of engagement.
1327 |1326 |01:57:54 ~-~-> 01:57:58 |My videos are monetized because if I didn't have a monetize, YouTube would be
1328 |1327 |01:57:58 ~-~-> 01:58:03 |getting fucking $60,000 A fucking month in their pocket. And for what I'm gonna
1329 |1328 |01:58:03 ~-~-> 01:58:05 |need, I'm gonna need to make them fucking money
1330 |1329 |01:58:11 ~-~-> 01:58:16 |some of you people with the biggest opinions are financially illiterate. You
1331 |1330 |01:58:16 ~-~-> 01:58:21 |talk like you understand something that you know nothing. asked these people
1332 |1331 |01:58:21 ~-~-> 01:58:24 |that are trying to sell their bullshit or Mickey Mouse programs, or
1333 |1332 |01:58:24 ~-~-> 01:58:30 |mentorships. Ask them when they're going to stop. Ask them, they're gonna ban
1334 |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
1335 |1334 |01:58:37 ~-~-> 01:58:42 |leaving because I want to go back to my regular life. Because I don't need this.
1336 |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
1337 |1336 |01:58:52 ~-~-> 01:59:00 |days I will have accomplished what I set out for. That's it. Unless needed
1338 |1337 |01:59:00 ~-~-> 01:59:04 |allowance for I can do something once a week. And to be quite honest with you, I
1339 |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
1340 |1339 |01:59:12 ~-~-> 01:59:17 |to be engaging on Twitter. All my videos will stay up. All the tweets will be
1341 |1340 |01:59:17 ~-~-> 01:59:27 |here. No editing, nothing, just like I left it. And I want you to think who
1342 |1341 |01:59:27 ~-~-> 01:59:35 |else with this much influence this much open checkbook. All I gotta do is put a
1343 |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
1344 |1343 |01:59:40 ~-~-> 01:59:46 |this? Who else really needs the money? Who else needs the attention the
1345 |1344 |01:59:46 ~-~-> 01:59:50 |adornment or worship? That you all pretend that you think I need that I
1346 |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
1347 |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
1348 |1347 |02:00:00 ~-~-> 02:00:11 |it's not who I am I am the guy that talks in those other Twitter spaces.
1349 |1348 |02:00:13 ~-~-> 02:00:19 |Trading brings out the bad stuff in me. It makes me highly competitive. It makes
1350 |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
1351 |1350 |02:00:28 ~-~-> 02:00:33 |velcro ball motherfuckers out there that talk all that shit. Uh, going into the
1352 |1351 |02:00:33 ~-~-> 02:00:39 |Robins cup next year, nil. But I'll come in that motherfucker. You get on that
1353 |1352 |02:00:39 ~-~-> 02:00:45 |leaderboard gone number one spot and you call my motherfucking is out. And I will
1354 |1353 |02:00:45 ~-~-> 02:00:51 |go in there and roast your ass. And never tweet one about it won't even
1355 |1354 |02:00:51 ~-~-> 02:00:56 |mention anything about I'll just walk that shit dry. And then my banner at the
1356 |1355 |02:00:56 ~-~-> 02:01:00 |banner on my YouTube channel will be the fucking little statue they fucking gave
1357 |1356 |02:01:00 ~-~-> 02:01:04 |you. And I'm not going out to Chicago so you can interview me and take pictures
1358 |1357 |02:01:04 ~-~-> 02:01:12 |of me and present me with the Guinness Book and mailed to me you wanna make a
1359 |1358 |02:01:12 ~-~-> 02:01:16 |name for yourself do that. That's how you do it. Talking shit. doesn't do it.
1360 |1359 |02:01:18 ~-~-> 02:01:24 |because ain't nobody in this industry, causing this much fucking waves making
1361 |1360 |02:01:24 ~-~-> 02:01:28 |this many fucking testimonials with real fucking money, people making real money
1362 |1361 |02:01:28 ~-~-> 02:01:35 |lives being really fucking changed. And they this now I'm gonna stop greed would
1363 |1362 |02:01:35 ~-~-> 02:01:42 |tap them on the shoulder greed because the sell everything, put a price tag on
1364 |1363 |02:01:42 ~-~-> 02:01:48 |everything. And I've never wanted to do that. I never really wanted to do it.
1365 |1364 |02:01:50 ~-~-> 02:01:55 |But people started selling my shit. And I got a fucking case of as I got mad.
1366 |1365 |02:01:57 ~-~-> 02:02:02 |And, you know, it was what it is. And then when the people inside that
1367 |1366 |02:02:02 ~-~-> 02:02:07 |mentorship was selling it, I was like, I'm feeding them still. And I've made
1368 |1367 |02:02:07 ~-~-> 02:02:15 |millionaires in Africa they're rich because they sold something that's mine.
1369 |1368 |02:02:17 ~-~-> 02:02:18 |Because it was easy to do.
1370 |1369 |02:02:23 ~-~-> 02:02:36 |And it it takes away it takes away from the the joy of having shared it when
1371 |1370 |02:02:36 ~-~-> 02:02:41 |someone else is prostituted when it was never given for the purpose of selling
1372 |1371 |02:02:41 ~-~-> 02:02:53 |it. And worse, not even crediting me. So I'm not going to be regretting November
1373 |1372 |02:02:53 ~-~-> 02:03:01 |12 waking up that morning. Knowing that I made my last post at 1159 Eastern Time
1374 |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
1375 |1374 |02:03:09 ~-~-> 02:03:13 |from now months from now they're gonna bullshit and say this is what took
1376 |1375 |02:03:13 ~-~-> 02:03:18 |place. This is a random off of Twitter. Like they said they ran me off a baby
1377 |1376 |02:03:18 ~-~-> 02:03:21 |because they didn't run me off of fucking baby pips. Baby posts would love
1378 |1377 |02:03:21 ~-~-> 02:03:26 |me to fucking come back over there. They would love me fucking go back over
1379 |1378 |02:03:26 ~-~-> 02:03:33 |there. No, they didn't run me off the shit. I took my shit down because one
1380 |1379 |02:03:33 ~-~-> 02:03:38 |moderator over there falsely accused me because they said my ISP address was
1381 |1380 |02:03:38 ~-~-> 02:03:43 |associated. So some other account over there. I have one fucking account. One.
1382 |1381 |02:03:46 ~-~-> 02:03:50 |Look how many people try to pretend to be me here. I've had my computers
1383 |1382 |02:03:50 ~-~-> 02:03:55 |hacked. My Instagram I just created they hacked that and start directly as soon
1384 |1383 |02:03:55 ~-~-> 02:03:59 |as someone follows you and they have my name or my moniker. That's not me. I
1385 |1384 |02:03:59 ~-~-> 02:04:02 |follow nobody. None of you know what the fuck you're doing as far as I'm
1386 |1385 |02:04:02 ~-~-> 02:04:07 |concerned. So I'm not following you. If I want you to because there's a reason
1387 |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
1388 |1387 |02:04:10 ~-~-> 02:04:17 |see you grow. But I'm not learning from anybody online about trading. But they
1389 |1388 |02:04:17 ~-~-> 02:04:22 |started selling trying to get people to buy their masterclass the fuck out of
1390 |1389 |02:04:22 ~-~-> 02:04:27 |your masterclass and then people reporting it and they shut it down and I
1391 |1390 |02:04:27 ~-~-> 02:04:31 |tried to just pull up somebody's LinkedIn he shared his Hey, have you
1392 |1391 |02:04:31 ~-~-> 02:04:34 |seen this before? And it was a weight training Instagram account though. I was
1393 |1392 |02:04:34 ~-~-> 02:04:39 |going in for a trading and I realized I couldn't sign on it says your your
1394 |1393 |02:04:39 ~-~-> 02:04:46 |accounts been locked due to community guidelines. pretend to be somebody else.
1395 |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
1396 |1395 |02:04:49 ~-~-> 02:04:56 |link on my YouTube channel. Proving it's me. But someone hacked it and started
1397 |1396 |02:04:56 ~-~-> 02:05:00 |pretending that I'm selling something. When the first tweet look at my tweet As
1398 |1397 |02:05:00 ~-~-> 02:05:05 |pinned on my Twitter profile, I'm not selling you anything, I'm not charging
1399 |1398 |02:05:05 ~-~-> 02:05:10 |you anything, there's not going to be this return you in 2025 ICT ran out of
1400 |1399 |02:05:10 ~-~-> 02:05:15 |fucking money. Astro effects, though, no, I'm not doing any kind of fucking
1401 |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
1402 |1401 |02:05:23 ~-~-> 02:05:28 |into the community and just visit as just Michael, not inner circle trader,
1403 |1402 |02:05:28 ~-~-> 02:05:33 |not trying to be better than the next guy or, you know, talk some shit about
1404 |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
1405 |1404 |02:05:36 ~-~-> 02:05:45 |want that. And I just think that, you know, I've shared enough and turned
1406 |1405 |02:05:45 ~-~-> 02:05:49 |enough people into profitable students that are able to do this independently,
1407 |1406 |02:05:49 ~-~-> 02:05:54 |because understand this, everybody that has these withdrawals in their live
1408 |1407 |02:05:54 ~-~-> 02:05:58 |account and or funded accounts, and had been interviewed, and you see them
1409 |1408 |02:05:58 ~-~-> 02:06:05 |proving it with receipts. I'm extremely proud of them. I don't care what the
1410 |1409 |02:06:05 ~-~-> 02:06:09 |dominant denomination is, how much you pulled out, if you're doing it, and
1411 |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
1412 |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
1413 |1412 |02:06:22 ~-~-> 02:06:27 |on the outside looking in, they have to deal with that. Because it's transferred
1414 |1413 |02:06:27 ~-~-> 02:06:33 |knowledge you learned. And now you're independent. Now, we don't have a
1415 |1414 |02:06:33 ~-~-> 02:06:38 |symbiotic relationship. And I'm proving it when I cut it off. Some of you are
1416 |1415 |02:06:38 ~-~-> 02:06:42 |scared, like, I'm not gonna be motivated. This is what's gonna have you
1417 |1416 |02:06:42 ~-~-> 02:06:47 |turn back to yourself to be motivating yourself. I've talked enough about this
1418 |1417 |02:06:47 ~-~-> 02:06:54 |into other spaces and people, I've put it on YouTube good find them. My whole
1419 |1418 |02:06:54 ~-~-> 02:06:59 |core content. I'm teaching you things, it's going to be impactful, not just
1420 |1419 |02:06:59 ~-~-> 02:07:03 |about the source material I'm talking about in the discussion. But relating
1421 |1420 |02:07:03 ~-~-> 02:07:09 |things that's going to come up using that information. You want to learn that
1422 |1421 |02:07:09 ~-~-> 02:07:14 |stuff. That's the stuff that matters more. They're the they're the answers to
1423 |1422 |02:07:14 ~-~-> 02:07:19 |the questions that you have not come up against yet. But because you're too new,
1424 |1423 |02:07:20 ~-~-> 02:07:23 |and most of you that are young and male, you're too fucking stupid to know
1425 |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
1426 |1425 |02:07:27 ~-~-> 02:07:30 |already gave you the solution. I've already gave you the coping mechanism to
1427 |1426 |02:07:30 ~-~-> 02:07:34 |replace that thought process with something more appropriate to eliminates
1428 |1427 |02:07:34 ~-~-> 02:07:40 |that problem. But but for the folks that are smart enough to know that I'm giving
1429 |1428 |02:07:40 ~-~-> 02:07:45 |you the answers before I asked you the questions before the market demands that
1430 |1429 |02:07:45 ~-~-> 02:07:51 |answer to that question of from you personally, it's advantageous for you to
1431 |1430 |02:07:51 ~-~-> 02:07:56 |consider how you might react in those sorts of circumstances. But as a 20 year
1432 |1431 |02:07:56 ~-~-> 02:08:00 |old, I didn't think like that. And you're not thinking like that now
1433 |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
1434 |1433 |02:08:06 ~-~-> 02:08:11 |not filler, this these things are here, I'm talking to you on a fucking
1435 |1434 |02:08:11 ~-~-> 02:08:15 |Saturday. They're not monetized. I'm not making anything out of this. Nothing.
1436 |1435 |02:08:16 ~-~-> 02:08:18 |Other people are monetizing them on their YouTube channel, and I don't give
1437 |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
1438 |1437 |02:08:25 ~-~-> 02:08:28 |teaching you from real world experience where I've hurt myself financially, I've
1439 |1438 |02:08:28 ~-~-> 02:08:33 |taken accounts to zero, not doing the things I'm telling you. This is what
1440 |1439 |02:08:33 ~-~-> 02:08:37 |I've learned not to do anymore. And this is what I changed my perspective. And
1441 |1440 |02:08:38 ~-~-> 02:08:40 |what I learned from this experience, so that way, you don't have to go through
1442 |1441 |02:08:40 ~-~-> 02:08:45 |it. Why would you want to shun something like that away? Like, why would you want
1443 |1442 |02:08:45 ~-~-> 02:08:52 |to discount that that's value? That's wisdom that's costing you nothing. And
1444 |1443 |02:08:52 ~-~-> 02:08:57 |just because you haven't experienced these circumstances, yes, you will. And
1445 |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
1446 |1445 |02:09:00 ~-~-> 02:09:03 |yourself completely out of it. And you'll stay working at Jiffy fucking
1447 |1446 |02:09:03 ~-~-> 02:09:06 |lube, changing oil and maybe looking for a different job at Walmart, you know,
1448 |1447 |02:09:06 ~-~-> 02:09:12 |months later, doing routine mundane, mundane little bullshit time jobs never
1449 |1448 |02:09:12 ~-~-> 02:09:14 |really amounted to anything and always in lack.
1450 |1449 |02:09:19 ~-~-> 02:09:29 |I did that same shit. Almost 30 jobs, almost 30 of them bouncing around trying
1451 |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
1452 |1451 |02:09:41 ~-~-> 02:09:47 |proof of it is I've turned other people into profitable, consistently profitable
1453 |1452 |02:09:47 ~-~-> 02:09:54 |traders. And I'm extremely proud of all of you and I'm extremely thankful that
1454 |1453 |02:09:54 ~-~-> 02:09:57 |the Lord has given me the opportunity and the skill set to be able to transfer
1455 |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
1456 |1455 |02:10:10 ~-~-> 02:10:15 |perfect timing. Because if it was in it for me to market something, sell
1457 |1456 |02:10:15 ~-~-> 02:10:23 |something to you do the math. I can do it easily. And you wouldn't even think
1458 |1457 |02:10:23 ~-~-> 02:10:26 |bad about it. Because I've said in the past, I'm they're gonna do mentorship.
1459 |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,
1460 |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
1461 |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
1462 |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
1463 |1462 |02:10:46 ~-~-> 02:10:51 |already. I don't need that. I want you to use it and feel confident using it.
1464 |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
1465 |1464 |02:10:57 ~-~-> 02:11:03 |about my stuff, just credit me. Don't be like Jonathan flood. Fucking bullshit
1466 |1465 |02:11:03 ~-~-> 02:11:07 |artist, plagiarized and falsely attributed everything that he talked
1467 |1466 |02:11:07 ~-~-> 02:11:11 |about in that book. That was my mentorship. And when I caught his s out,
1468 |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
1469 |1468 |02:11:16 ~-~-> 02:11:20 |his reviews telling everybody that's bullshit going on YouTube channel, see?
1470 |1469 |02:11:23 ~-~-> 02:11:30 |That's a clown. That's an asshole cloud chaser. They're gonna be writing books
1471 |1470 |02:11:30 ~-~-> 02:11:36 |about what I've taught forever now. Don't ask was just the credits and
1472 |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
1473 |1472 |02:11:43 ~-~-> 02:11:48 |what I want. I'm leaving in the perfect position where anybody else will be
1474 |1473 |02:11:48 ~-~-> 02:11:54 |marketing out their ass to try to get money from everybody. I don't want it. I
1475 |1474 |02:11:54 ~-~-> 02:11:56 |don't need it. And it's proof, I don't need it
1476 |1475 |02:12:04 ~-~-> 02:12:13 |I can't wait to not refer to myself as three letters anymore. I can't wait
1477 |1476 |02:12:13 ~-~-> 02:12:17 |until I'm not the person. Everybody's bringing up all the time. I can't wait.
1478 |1477 |02:12:21 ~-~-> 02:12:28 |It's uncomfortable. I like this medium because I'm talking in a setting where
1479 |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
1480 |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
1481 |1480 |02:12:38 ~-~-> 02:12:44 |stomp your fucking ass. But normally, I'm not going to be very forthcoming,
1482 |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
1483 |1482 |02:12:46 ~-~-> 02:12:55 |room. But we're talking about something, I feel I have a little bit of authority.
1484 |1483 |02:12:55 ~-~-> 02:13:00 |And I've experienced that some people don't have. I have insight that nobody
1485 |1484 |02:13:00 ~-~-> 02:13:06 |else has. And I have the largest student base now that are bringing the receipts
1486 |1485 |02:13:07 ~-~-> 02:13:17 |proving it works. And they have the respect and consideration and character
1487 |1486 |02:13:17 ~-~-> 02:13:25 |to be able to say thank you appropriately. That's awesome. That's
1488 |1487 |02:13:25 ~-~-> 02:13:31 |awesome. I mean that those things are treasures to me. Every single time you
1489 |1488 |02:13:31 ~-~-> 02:13:36 |guys share what you've done and your results, I screenshot them a screenshot
1490 |1489 |02:13:36 ~-~-> 02:13:46 |on and I email them myself. I have a scrapbook of that stuff. And I've
1491 |1490 |02:13:46 ~-~-> 02:13:55 |literally in tears of appreciation and enjoy the people that have done face
1492 |1491 |02:13:56 ~-~-> 02:14:01 |videos. And they've made it private. Some people have done it publicly. But
1493 |1492 |02:14:01 ~-~-> 02:14:04 |they gave me their own testimony, what they did with the information and how it
1494 |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
1495 |1494 |02:14:09 ~-~-> 02:14:14 |watch their face as they start talking about how they're transformed now and
1496 |1495 |02:14:14 ~-~-> 02:14:18 |they're able to do things that they couldn't do before and he feels so much
1497 |1496 |02:14:18 ~-~-> 02:14:25 |more plugged in. In a world that really is hard to be in now. They feel
1498 |1497 |02:14:25 ~-~-> 02:14:31 |accomplished. They feel like they're on the right track. They feel like they're
1499 |1498 |02:14:31 ~-~-> 02:14:36 |exactly what they were supposed to be here for their success. They don't have
1500 |1499 |02:14:36 ~-~-> 02:14:38 |any doubts about what they're doing. It's going to fail in the future. What
1501 |1500 |02:14:38 ~-~-> 02:14:42 |happens if this stops working, they don't think that way. And watch their
1502 |1501 |02:14:42 ~-~-> 02:14:46 |their face light up and not their eyes really come to life when they start
1503 |1502 |02:14:46 ~-~-> 02:14:52 |talking about how it feels for them now. That's overwhelming for me. And that's a
1504 |1503 |02:14:52 ~-~-> 02:14:57 |treasure for me. That beats any amount of money that any of you would ever be
1505 |1504 |02:14:57 ~-~-> 02:15:02 |able to send to me because I choose means that person's love. And now
1506 |1505 |02:15:02 ~-~-> 02:15:06 |they're convinced that they're absolutely gonna be able to go forward
1507 |1506 |02:15:06 ~-~-> 02:15:09 |with that skill set doesn't mean they're gonna have losing trades, it just means
1508 |1507 |02:15:09 ~-~-> 02:15:14 |that they're confident that they have a skill set, like riding a bike. I've been
1509 |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
1510 |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
1511 |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
1512 |1511 |02:15:26 ~-~-> 02:15:34 |tribal hip out, right. But to see individuals literally show their hearts
1513 |1512 |02:15:35 ~-~-> 02:15:42 |and their appreciation, and they don't have to, you know, I get lots of emails,
1514 |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
1515 |1514 |02:15:45 ~-~-> 02:15:52 |got boxes of letters, literally, that I don't have time to open up. Packages,
1516 |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
1517 |1516 |02:15:56 ~-~-> 02:15:59 |my address. And if you've been waiting for November to come, you're gonna send
1518 |1517 |02:15:59 ~-~-> 02:16:03 |me some stuff, please, you don't need to do that. I literally am running out of
1519 |1518 |02:16:03 ~-~-> 02:16:06 |space. And I don't want to be running storage places. Just the store shit that
1520 |1519 |02:16:06 ~-~-> 02:16:10 |people are sending to me. Just let me thank you give me a video that you made
1521 |1520 |02:16:10 ~-~-> 02:16:15 |private on YouTube. And just tell me what you want to say. Because believe
1522 |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.
1523 |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
1524 |1523 |02:16:25 ~-~-> 02:16:30 |able to see the impact that the Lord's may have in other people's lives. And
1525 |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
1526 |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
1527 |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
1528 |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
1529 |1528 |02:16:59 ~-~-> 02:17:02 |they're going to be the next person that everybody looks to. And it's my hope
1530 |1529 |02:17:03 ~-~-> 02:17:10 |that they conduct themselves with character not arrogance, and does it
1531 |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.
1532 |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
1533 |1532 |02:17:24 ~-~-> 02:17:26 |next time. He sick