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2 |1 |00:01:06 ~-~-> 00:01:10 |ICT: This Good morning, you guys could be so kind as to let me know you can
3 |2 |00:01:10 ~-~-> 00:01:14 |hear the volumes. Okay, it's gonna be a five by five I appreciate it and check
4 |3 |00:01:14 ~-~-> 00:01:15 |in on Twitter
5 |4 |00:01:32 ~-~-> 00:01:37 |you know medicine trader William Mr. Wickes. Thank you so much. stuff. Thank
6 |5 |00:01:37 ~-~-> 00:01:45 |you. Alrighty. Alright, so if there's like a lifetime since the last time I'm
7 |6 |00:01:45 ~-~-> 00:01:49 |done, what are these? I'm not sure if it feels the same for you, but I feel like
8 |7 |00:01:49 ~-~-> 00:02:02 |I've been away for too long. So as the title suggests, here, I titled face
9 |8 |00:02:02 ~-~-> 00:02:09 |shock on Saturday, lifts you like a feather? And admittedly, as I mentioned,
10 |9 |00:02:09 ~-~-> 00:02:13 |this morning, I had a pretty interesting Dream, which I'm not going to talk about
11 |10 |00:02:13 ~-~-> 00:02:21 |that, by the way. And I'm sure for the folks that are interested in lucid
12 |11 |00:02:21 ~-~-> 00:02:26 |dreaming and all that, I could probably weave that into another Twitter space of
13 |12 |00:02:26 ~-~-> 00:02:29 |another topic outside of trading. It's going to be outside the scope of today.
14 |13 |00:02:29 ~-~-> 00:02:37 |But admittedly, it was a heavy influence today. Because I thought I thought about
15 |14 |00:02:37 ~-~-> 00:02:43 |basically, what is it I want to talk about going into this weekend, I thought
16 |15 |00:02:43 ~-~-> 00:02:47 |about this entire week, I wanted to come up with something that was engaging, I
17 |16 |00:02:47 ~-~-> 00:02:54 |want to have something that would be helpful, impactful, and try to promote
18 |17 |00:02:54 ~-~-> 00:03:09 |some kind of well, performance, some kind of improvement, some clarity, the
19 |18 |00:03:09 ~-~-> 00:03:18 |type of discussion today. A lot of the questions I saw, they were coming to me
20 |19 |00:03:18 ~-~-> 00:03:27 |to my videos section, where the section Comments area are open. A lot of people
21 |20 |00:03:27 ~-~-> 00:03:35 |asked, like, how do I know when not to trade? And can I talk a little bit about
22 |21 |00:03:35 ~-~-> 00:03:41 |that? And what are the things that help pinpoint those things for you, as a
23 |22 |00:03:41 ~-~-> 00:03:45 |student that are trying to learn what it is I'm teaching, and hopefully try to
24 |23 |00:03:45 ~-~-> 00:03:50 |adopt some of the mindset things that I've acquired over the years that helped
25 |24 |00:03:50 ~-~-> 00:03:56 |me to mainly avoid losing, where as a younger man, I was more prone to losing,
26 |25 |00:03:57 ~-~-> 00:04:01 |jumping into these environments. So I will talk a little bit about that today.
27 |26 |00:04:02 ~-~-> 00:04:10 |But understand that it's normal for you, as a trader, as someone that's new,
28 |27 |00:04:10 ~-~-> 00:04:14 |trying to learn how to do this, to feel like you have to do it all the time.
29 |28 |00:04:15 ~-~-> 00:04:21 |Otherwise, it feels counterproductive. And it seems counterintuitive, that you
30 |29 |00:04:21 ~-~-> 00:04:27 |should try to learn how to trade to learn how to trade less. But that's in
31 |30 |00:04:27 ~-~-> 00:04:32 |fact what you should do. And doesn't feel that way. It doesn't feel that way
32 |31 |00:04:32 ~-~-> 00:04:38 |because of the way the industry is built around. commission based activity.
33 |32 |00:04:39 ~-~-> 00:04:44 |Everyone trying to get a piece of the action and you have educators are trying
34 |33 |00:04:44 ~-~-> 00:04:51 |to sell you something and I used to be one of them. You have brokerage firms
35 |34 |00:04:51 ~-~-> 00:04:57 |that want to charge you commissions and fees. You have services and software's
36 |35 |00:04:58 ~-~-> 00:05:04 |that what I'm trying to get by In the action as well. And all those things,
37 |36 |00:05:05 ~-~-> 00:05:10 |all those outside influences, they're all gonna get paid before you do. Just
38 |37 |00:05:10 ~-~-> 00:05:16 |like a job, tax man cometh. You can't escape it. Okay? No matter how much
39 |38 |00:05:16 ~-~-> 00:05:19 |money you have, in some way, shape or form, if you're buying something, or if
40 |39 |00:05:19 ~-~-> 00:05:21 |you're selling something, if you're acquiring something, or running a
41 |40 |00:05:21 ~-~-> 00:05:27 |business, to some degree, you're gonna, you're gonna pay something in taxes. But
42 |41 |00:05:27 ~-~-> 00:05:35 |in the pursuit of profitable, consistently, profitable trading, the
43 |42 |00:05:35 ~-~-> 00:05:41 |common denominator is avoiding overexposure and over leveraging. Now
44 |43 |00:05:41 ~-~-> 00:05:45 |over exposure and over leveraging, it's not me amplifying the same thing, two
45 |44 |00:05:45 ~-~-> 00:05:53 |different things here. over exposing yourself and your account to risk is not
46 |45 |00:05:53 ~-~-> 00:05:59 |the same thing as over leveraging, okay, so to eliminate the over leveraging
47 |46 |00:05:59 ~-~-> 00:06:03 |point of it, because it's easier to do that and shorter, over leveraging it
48 |47 |00:06:03 ~-~-> 00:06:09 |simply adding more contracts, then you should be willing to take or that you
49 |48 |00:06:09 ~-~-> 00:06:15 |should be allowed to do. Because there's an absorbent amount of risk associated
50 |49 |00:06:15 ~-~-> 00:06:19 |with trading more contracts. And a perfect example would be others use of
51 |50 |00:06:19 ~-~-> 00:06:24 |props from models, because they unfortunately are guilty of this.
52 |51 |00:06:26 ~-~-> 00:06:36 |Allowing 15 contracts for $150,000, combine or whatnot. And only offer you
53 |52 |00:06:36 ~-~-> 00:06:43 |amount of pseudo leverage or leverage, but the drawdown before they take away
54 |53 |00:06:43 ~-~-> 00:06:48 |the ability to trade that combine or account. It's disproportionate, it
55 |54 |00:06:48 ~-~-> 00:06:53 |shouldn't be allowed. And I think that that is one of the things that should be
56 |55 |00:06:53 ~-~-> 00:06:56 |cleaned up. If you're going to see the prop firm industry continue, I think
57 |56 |00:06:56 ~-~-> 00:07:01 |that they should be more realistic, if they're really in it to help you when
58 |57 |00:07:01 ~-~-> 00:07:07 |they shouldn't allow you to blow your brains out. Because if it's their model
59 |58 |00:07:07 ~-~-> 00:07:11 |to try to coax you into doing it properly, and trade like a professional
60 |59 |00:07:11 ~-~-> 00:07:14 |professionals don't trade with 15 contracts when they're only allowed to
61 |60 |00:07:14 ~-~-> 00:07:19 |lose, you know, a couple $1,000 It just completely flies in the face of sound
62 |61 |00:07:20 ~-~-> 00:07:26 |logic. So over leveraging is not what I'm talking about when I say over
63 |62 |00:07:26 ~-~-> 00:07:30 |exposing. So over leveraging is simply doing too many contracts per trade,
64 |63 |00:07:31 ~-~-> 00:07:36 |opening yourself up to monetary risk that is exorbitant based on the equity
65 |64 |00:07:37 ~-~-> 00:07:43 |base that you're working with. So with that out of the way, over exposing
66 |65 |00:07:43 ~-~-> 00:07:50 |yourself. That means going in more times than you should pursuing chasing
67 |66 |00:07:50 ~-~-> 00:07:56 |opportunities that you want there to be opportunities in these conditions, what
68 |67 |00:07:56 ~-~-> 00:07:59 |conditions whatever that condition is that allows you for you to sit in front
69 |68 |00:07:59 ~-~-> 00:08:06 |of the charts. at them, markets are open. Prices are fluctuating. You think
70 |69 |00:08:06 ~-~-> 00:08:13 |that it's now open season, it's hunting season, maybe. But understand this,
71 |70 |00:08:14 ~-~-> 00:08:20 |while you may adopt that mindset, that it's open season for you to go out there
72 |71 |00:08:20 ~-~-> 00:08:24 |and start seeking opportunities to be Elmer Fudd, and have your little shotgun
73 |72 |00:08:24 ~-~-> 00:08:29 |in him. You want to go out there and chase Bugs Bunny. You want to go out
74 |73 |00:08:29 ~-~-> 00:08:34 |there and chase Daffy Duck. If you don't know who that is, it's in the States.
75 |74 |00:08:34 ~-~-> 00:08:38 |They're cartoon characters. And everybody starts off at the beginning of
76 |75 |00:08:38 ~-~-> 00:08:42 |the week. They're all out there like me, let's go, I'm going to find me an
77 |76 |00:08:42 ~-~-> 00:08:47 |opportunity. I'm going to take me something home. And because the markets
78 |77 |00:08:47 ~-~-> 00:08:53 |are trading, there's opportunities to trade and everybody has this idea of
79 |78 |00:08:53 ~-~-> 00:09:01 |what makes the markets go up and down. You over expose yourself to what you
80 |79 |00:09:01 ~-~-> 00:09:08 |think is a plethora of opportunities 24/7 the only opportunity that exists in
81 |80 |00:09:08 ~-~-> 00:09:19 |that mindset or that reality is the market itself sees all of us as us being
82 |81 |00:09:19 ~-~-> 00:09:25 |served up on a dish like a plate for it to devour. See the market can chew us up
83 |82 |00:09:25 ~-~-> 00:09:36 |ICT included in bite me chew me up and take from me. So I have to learn to
84 |83 |00:09:36 ~-~-> 00:09:41 |avoid certain certain circumstances. Over the years I've done that. I didn't
85 |84 |00:09:41 ~-~-> 00:09:46 |do it quickly. I didn't try to get through it fast, because I didn't
86 |85 |00:09:46 ~-~-> 00:09:50 |understand that it was something that I would incur or had to go through because
87 |86 |00:09:50 ~-~-> 00:09:55 |I was too limited in my understanding as a 20 year old when I first started. The
88 |87 |00:09:55 ~-~-> 00:09:59 |books didn't talk about these things they just talked about following your
89 |88 |00:09:59 ~-~-> 00:10:06 |setup. keeps pushing your edge trying to do more. Very little was ever spoken
90 |89 |00:10:06 ~-~-> 00:10:10 |about doing the least. And if you think about it, it would be very hard to
91 |90 |00:10:10 ~-~-> 00:10:18 |market that. Even today. You're going back to the 90s 1990s, for the folks
92 |91 |00:10:18 ~-~-> 00:10:25 |that are millennial, like my younger son says that you're from the 1900s. Like,
93 |92 |00:10:25 ~-~-> 00:10:33 |it's like it's like centuries ago. But in trading, you know, a lot of the
94 |93 |00:10:33 ~-~-> 00:10:38 |industry today is young folks. And it's habit your way right now. mentorships.
95 |94 |00:10:38 ~-~-> 00:10:43 |They don't want instant gratification. They want instant feedback where
96 |95 |00:10:43 ~-~-> 00:10:48 |profitability is overnight, and it's shared. And they don't like to be told
97 |96 |00:10:48 ~-~-> 00:10:53 |or reminded or encouraged that it's going to take a lot more time, a lot
98 |97 |00:10:53 ~-~-> 00:10:57 |more energy and effort to get to that point. And some of you are going to
99 |98 |00:10:57 ~-~-> 00:11:01 |fail, not because of the things that you learn from me or anyone else. It's just
100 |99 |00:11:01 ~-~-> 00:11:03 |simply that you're not equipped to do this and doesn't mean that you're
101 |100 |00:11:03 ~-~-> 00:11:08 |forever, ill equipped. It just means for that moment in time, you may be ill
102 |101 |00:11:08 ~-~-> 00:11:14 |equipped. And you will have to accept that you will fail on a temporary now
103 |102 |00:11:14 ~-~-> 00:11:21 |that stays temporary. If you allow it, but it becomes final when you choose it
104 |103 |00:11:21 ~-~-> 00:11:26 |to be. So taking breaks, calling it quitting whatever as normal. I did that
105 |104 |00:11:26 ~-~-> 00:11:28 |I did it dozens of times as a young man.
106 |105 |00:11:30 ~-~-> 00:11:36 |But overexposing yourself is constantly seeking opportunities. And insisting
107 |106 |00:11:36 ~-~-> 00:11:41 |that they're, they're forcing them. And because you know that there's a
108 |107 |00:11:41 ~-~-> 00:11:49 |likelihood there's a potential for the market to create opportunities where it
109 |108 |00:11:49 ~-~-> 00:11:53 |might be big news. this coming week, it might be big news in this coming trading
110 |109 |00:11:53 ~-~-> 00:12:02 |session. There might be large range expansion days, your commodity trader,
111 |110 |00:12:02 ~-~-> 00:12:07 |we could see limit up or limit down days where the opening is the only
112 |111 |00:12:07 ~-~-> 00:12:10 |fluctuation in price from the previous day's close, meaning that wherever the
113 |112 |00:12:10 ~-~-> 00:12:15 |previous day's close was, when that commodity would start its trading for
114 |113 |00:12:15 ~-~-> 00:12:21 |the day, it opens, limit up the highest it can move, the maximum amount of
115 |114 |00:12:21 ~-~-> 00:12:25 |fluctuation in movement from the previous day's settlement price is not
116 |115 |00:12:25 ~-~-> 00:12:30 |allowed to go any higher. And it doesn't trade off that it just stays there. So
117 |116 |00:12:30 ~-~-> 00:12:35 |when you look at a chart, it just looks like a little hyphen, a little dash, the
118 |117 |00:12:35 ~-~-> 00:12:39 |open and closes the same price. That's a limit up move and vice versa, you know,
119 |118 |00:12:39 ~-~-> 00:12:45 |markets going down. And it's dramatically being repriced not buying
120 |119 |00:12:45 ~-~-> 00:12:49 |and selling pressure. And that's how you know it's a myth. Buying and selling
121 |120 |00:12:49 ~-~-> 00:12:55 |pressure is a myth. That's not what causes prices to go up and down. Because
122 |121 |00:12:55 ~-~-> 00:12:58 |if that was the case, you're trying to tell me not make this argument all the
123 |122 |00:12:58 ~-~-> 00:13:07 |time. elimite up day, it's locked limit up. Okay. Why can't I and why couldn't I
124 |123 |00:13:07 ~-~-> 00:13:13 |sell out of my position? I wanted to take profit. I couldn't you're trying to
125 |124 |00:13:13 ~-~-> 00:13:18 |tell me that that doesn't when there's not one person out there that were
126 |125 |00:13:18 ~-~-> 00:13:24 |interested in seeing any lower tick, to be able to offer one transaction outside
127 |126 |00:13:24 ~-~-> 00:13:29 |of just the opening price being the only price of the day. It's a myth, folks,
128 |127 |00:13:29 ~-~-> 00:13:36 |it's a myth. So all of these ideas keep flooding into your mind as a traitor.
129 |128 |00:13:38 ~-~-> 00:13:43 |And you understand that we do this to make money. You might have other
130 |129 |00:13:43 ~-~-> 00:13:47 |subordinate reasons. When you look smart in front of your girlfriend, your
131 |130 |00:13:47 ~-~-> 00:13:54 |boyfriend and their family members, Carl. But there's only one thinks should
132 |131 |00:13:54 ~-~-> 00:14:01 |be you're trying to make money. And that's a very powerful influence. It's
133 |132 |00:14:01 ~-~-> 00:14:06 |very powerful. It will place you in the pursuit of things that are not really
134 |133 |00:14:06 ~-~-> 00:14:14 |there. You'll chase things that are phantoms, like trendlines that's why we
135 |134 |00:14:14 ~-~-> 00:14:19 |call them trendline Phantoms in for content. Because you want this to be a
136 |135 |00:14:19 ~-~-> 00:14:25 |diagonal support level. You need it to be because it provides you the venue on
137 |136 |00:14:25 ~-~-> 00:14:30 |what you're going to act on and say, Oh yeah, this is the time where I want to
138 |137 |00:14:30 ~-~-> 00:14:33 |be a buyer. Because everybody's going to see that area too. They're going to want
139 |138 |00:14:33 ~-~-> 00:14:39 |to buy too, because this imaginary to swing lows. If I extend a line from
140 |139 |00:14:39 ~-~-> 00:14:44 |those to that imaginary decision point in the future, everybody's gonna have
141 |140 |00:14:44 ~-~-> 00:14:49 |that same decision point and want to buy there too. And I capitalize on that. I
142 |141 |00:14:49 ~-~-> 00:14:53 |look for opportunities for those types of things. And when you over expose
143 |142 |00:14:53 ~-~-> 00:15:00 |yourself seeking opportunities, where there may in fact be out opportunity's
144 |143 |00:15:00 ~-~-> 00:15:07 |there. But you become the liquidity. But you won't see it that way walking in.
145 |144 |00:15:09 ~-~-> 00:15:13 |You won't see yourself laying yourself on the altar of these markets.
146 |145 |00:15:14 ~-~-> 00:15:20 |sacrificially just laying yourself out there. Consume me, take me pick me you.
147 |146 |00:15:21 ~-~-> 00:15:30 |Urmia. dismember me, will willingly doing it. But you walk into that
148 |147 |00:15:30 ~-~-> 00:15:35 |condition thinking that you're going to leave and again, and the only thing
149 |148 |00:15:35 ~-~-> 00:15:40 |you've gained is experience about not hopefully wanting to do that same thing
150 |149 |00:15:40 ~-~-> 00:15:54 |again. And it's a lot of repetition, for me to get really displeased with chasing
151 |150 |00:15:54 ~-~-> 00:15:59 |something, whenever I got really anxious, that I was gonna miss a move.
152 |151 |00:16:00 ~-~-> 00:16:04 |Or if I was really excited about a particular trading week, over the
153 |152 |00:16:04 ~-~-> 00:16:11 |weekend, they were the characters that constantly came up in the play that
154 |153 |00:16:11 ~-~-> 00:16:20 |resulted in me losing, sometimes losing an entire account. There, I don't know
155 |154 |00:16:20 ~-~-> 00:16:26 |why. When people are new, they come here and listen to me or not. And I'm honest
156 |155 |00:16:26 ~-~-> 00:16:32 |with you, and I tell you where I learned from, and it was through pain. It was
157 |156 |00:16:32 ~-~-> 00:16:36 |through adversity, and lots of loan accounts. For some reason, that seems to
158 |157 |00:16:36 ~-~-> 00:16:42 |be like, a bad thing for you, like, I would want to learn from someone that
159 |158 |00:16:42 ~-~-> 00:16:49 |has gone through the pain has lost a lot of money, and learned how to avoid doing
160 |159 |00:16:49 ~-~-> 00:16:55 |it again, that's the person I want to learn from. But unfortunately, that's
161 |160 |00:16:55 ~-~-> 00:16:59 |what I'm trying to tell you many times on, set in this discussion this morning,
162 |161 |00:16:59 ~-~-> 00:17:06 |you talking about how to trade lists. If I wrote a book in the title, that trade
163 |162 |00:17:06 ~-~-> 00:17:12 |trade list, nobody's wanting to buy that book. Now there might be a little niche
164 |163 |00:17:12 ~-~-> 00:17:17 |market, in your business, my name on it, and people want to hear what they have
165 |164 |00:17:17 ~-~-> 00:17:22 |to say about it. By far and large, they're not really going to be
166 |165 |00:17:22 ~-~-> 00:17:26 |interested in that. Unless you know who I am. And your you're already interested
167 |166 |00:17:26 ~-~-> 00:17:30 |anyway. In the things I'm talking about, you probably wouldn't be a buyer that
168 |167 |00:17:30 ~-~-> 00:17:36 |book. Because what is it telling it saying something that is contrary to the
169 |168 |00:17:36 ~-~-> 00:17:42 |consensus that this industry has cultivated, which is always do do the
170 |169 |00:17:42 ~-~-> 00:17:55 |most never relent? maximum effort to quote Deadpool. And unfortunately, in
171 |170 |00:17:55 ~-~-> 00:17:59 |the three decades, I've been messing around with these markets, I've learned
172 |171 |00:17:59 ~-~-> 00:18:07 |that less is more. And I've also learned that I was prone to over expose myself
173 |172 |00:18:08 ~-~-> 00:18:16 |to risks that I didn't understand or could identify as risk, because I was
174 |173 |00:18:16 ~-~-> 00:18:21 |falling victim to the things that purchased in terms of courses and books
175 |174 |00:18:21 ~-~-> 00:18:27 |and people teaching this and that. And because I wanted to change my life, I
176 |175 |00:18:27 ~-~-> 00:18:33 |didn't want it to be, you know, the, the mundane Michael, the average Joe. I was
177 |176 |00:18:33 ~-~-> 00:18:38 |seeking and pursuing something that was bigger than just regular. I didn't want
178 |177 |00:18:38 ~-~-> 00:18:45 |to be the regular guy. And everything that I picked up, I've always demanded
179 |178 |00:18:45 ~-~-> 00:18:50 |that to be exceptional. And I was very disappointed that everything that I
180 |179 |00:18:50 ~-~-> 00:18:55 |purchased and everything, but I absolutely worked very hard by their
181 |180 |00:18:55 ~-~-> 00:19:03 |rules. I follow them by their rules. And it would not work. It would not yield to
182 |181 |00:19:03 ~-~-> 00:19:08 |me the results that they promised it would not yield a consistency and a
183 |182 |00:19:08 ~-~-> 00:19:14 |visibility they able to see these things forming beforehand. And it caused me to
184 |183 |00:19:14 ~-~-> 00:19:20 |jump into the very next thing, the shiny new object syndrome. And even in this
185 |184 |00:19:20 ~-~-> 00:19:24 |community, because if I teach something new, I talk about something new.
186 |185 |00:19:25 ~-~-> 00:19:29 |Everyone's so quick to let go of what they're already working on. That they've
187 |186 |00:19:29 ~-~-> 00:19:37 |had progress in and beginning to see the stages of development that hasn't
188 |187 |00:19:37 ~-~-> 00:19:41 |happened fast enough for some of you and because it hasn't happened fast enough
189 |188 |00:19:41 ~-~-> 00:19:46 |for you and you haven't had a payout yet in a funded account or hasn't seen a
190 |189 |00:19:46 ~-~-> 00:19:51 |profitable Live account yield you have withdrawal yet. Getting got to that
191 |190 |00:19:51 ~-~-> 00:19:55 |stage yet it's there waiting to be had but you haven't got there yet, so you're
192 |191 |00:19:55 ~-~-> 00:20:02 |impatient. And it's easier for you to say Well, this looks new. And
193 |192 |00:20:02 ~-~-> 00:20:06 |everybody's gonna be talking about this new thing. So I'm gonna be distracted
194 |193 |00:20:06 ~-~-> 00:20:09 |anyway, and I can see he's gonna be jawboning and going on and on about this
195 |194 |00:20:09 ~-~-> 00:20:14 |new thing. So I might as well just go ahead and chase that, because who knows,
196 |195 |00:20:14 ~-~-> 00:20:21 |it might become easier and might be just faster. And faster, is a recipe for
197 |196 |00:20:21 ~-~-> 00:20:28 |disaster. And that was appellant didn't even know, the idea of trying to do
198 |197 |00:20:28 ~-~-> 00:20:32 |something quicker for the sake of getting through it. I want to get
199 |198 |00:20:32 ~-~-> 00:20:37 |profitable, I want to get to a point where I can see the setups form real
200 |199 |00:20:37 ~-~-> 00:20:47 |quick looking at any timeframe. The way you get to that level is constantly
201 |200 |00:20:47 ~-~-> 00:20:53 |exposing yourself to back testing and watching my price action. You do not get
202 |201 |00:20:53 ~-~-> 00:21:01 |it by over exposing yourself to risk. Because when you incur risk, and you
203 |202 |00:21:01 ~-~-> 00:21:06 |haven't learned how to do it properly yet. What is it? What is the subject
204 |203 |00:21:06 ~-~-> 00:21:09 |matter referred to when you haven't learned how to do it properly?
205 |204 |00:21:10 ~-~-> 00:21:14 |Well, there's a number of things that encapsulate de it, it's number one
206 |205 |00:21:14 ~-~-> 00:21:18 |mastery of yourself, because you never mastering the markets, I have not
207 |206 |00:21:18 ~-~-> 00:21:24 |mastered the markets. I may look very, very versed in executions and management
208 |207 |00:21:24 ~-~-> 00:21:29 |and whatnot. But I still and I can tell you that there's about eight times this
209 |208 |00:21:29 ~-~-> 00:21:34 |week that I would have lost, whether it would have been a demo cam, whether it
210 |209 |00:21:34 ~-~-> 00:21:37 |would have been me calling out in in Twitter, if it would have been me
211 |210 |00:21:37 ~-~-> 00:21:43 |dealing with a live account, I would have taken eight losing trades this
212 |211 |00:21:43 ~-~-> 00:21:48 |week. And it would have been no fault of my concepts, it would have been me
213 |212 |00:21:48 ~-~-> 00:21:55 |trying to do something that I am as a human being prone to do. So when I say
214 |213 |00:21:55 ~-~-> 00:22:01 |that, that's not a weakness, that's a strength. Because I when I was a 20 year
215 |214 |00:22:01 ~-~-> 00:22:08 |old, I viewed it as a weakness. I viewed it as you know, I would lose on a trade.
216 |215 |00:22:08 ~-~-> 00:22:13 |And I think, Okay, this makes me poor as a trader, in every sense of the word, I
217 |216 |00:22:13 ~-~-> 00:22:21 |have less than the account if I had the account remaining, or I'm less inclined
218 |217 |00:22:21 ~-~-> 00:22:25 |to chase the next set up because now I'm scared I don't want to, I don't want to
219 |218 |00:22:25 ~-~-> 00:22:28 |incur another loss because I didn't come from money. And when I would take up
220 |219 |00:22:28 ~-~-> 00:22:35 |300, our four and our five and our loss, those those hurt. That was a big portion
221 |220 |00:22:35 ~-~-> 00:22:39 |of the account that I was working with. And it took a lot for me to get these
222 |221 |00:22:39 ~-~-> 00:22:45 |couple $1,000 scraped up to the refund and account, paying exorbitant amounts
223 |222 |00:22:45 ~-~-> 00:22:50 |of fees. And paying for all the little bells and whistles for the data and the
224 |223 |00:22:50 ~-~-> 00:22:55 |software programs. And I was trying to constantly new build up and working with
225 |224 |00:22:55 ~-~-> 00:23:00 |a desktop. And I see these people talking about in their little fake
226 |225 |00:23:00 ~-~-> 00:23:07 |documentaries. For the record again, because there are people out there to
227 |226 |00:23:07 ~-~-> 00:23:11 |try to say I have multiple laptops, and they're all sitting in front of me. And
228 |227 |00:23:11 ~-~-> 00:23:16 |I'm buying one account going long and going short and another. I have one
229 |228 |00:23:16 ~-~-> 00:23:22 |laptop folks. I have one tablet at eight monitors that runs on one PC, one tower.
230 |229 |00:23:22 ~-~-> 00:23:28 |Okay. And I facetiously mentioned like a backhanded remark. In the interview with
231 |230 |00:23:28 ~-~-> 00:23:39 |corbs. I said that my laptop died. I had a Hewlett Packard. Okay, I had a desktop
232 |231 |00:23:39 ~-~-> 00:23:50 |PC. And I had one computer with one single monitor that literally is the
233 |232 |00:23:50 ~-~-> 00:23:55 |size of a Yeti cooler than trying to talk in terms where the younger crowd
234 |233 |00:23:55 ~-~-> 00:24:03 |can can kind of envision what it is I had. But I had all these things that I
235 |234 |00:24:03 ~-~-> 00:24:06 |thought were high technology back then. And I guess in a lot of ways they kind
236 |235 |00:24:06 ~-~-> 00:24:13 |of were. But today, you know, you can do a lot of these things that we were
237 |236 |00:24:13 ~-~-> 00:24:18 |trying to do and hope to do on your cell phone. And that's not the throat I get
238 |237 |00:24:18 ~-~-> 00:24:22 |you shouldn't train yourself and but you have more power in your cell phone to be
239 |238 |00:24:22 ~-~-> 00:24:27 |able to pull up data, switch to one web browser tab, you know and have a
240 |239 |00:24:28 ~-~-> 00:24:33 |multitude of things at your fingertips. And it's like a Candyland right now of
241 |240 |00:24:33 ~-~-> 00:24:40 |just going in and gathering information collecting data. But that same thing is
242 |241 |00:24:40 ~-~-> 00:24:45 |also over exposing yourself. Looking at too many markets looking at too many
243 |242 |00:24:45 ~-~-> 00:24:49 |things. That's going to complicate I think Teach you intermarket
244 |243 |00:24:49 ~-~-> 00:24:53 |relationships, I can teach you inter market analysis, I can teach you the
245 |244 |00:24:53 ~-~-> 00:24:59 |characteristics that one market will lean upon on another. Okay. And I can do
246 |245 |00:24:59 ~-~-> 00:25:06 |it in A wide array of ways where I can show you every instance of how a market
247 |246 |00:25:06 ~-~-> 00:25:10 |will influence a commodity or commodity may influence a specific market, an
248 |247 |00:25:10 ~-~-> 00:25:16 |interest rate will affect this market. But that interest rate, that bond
249 |248 |00:25:16 ~-~-> 00:25:21 |reaction 30 year tenure a five year isn't always going to be marked to
250 |249 |00:25:21 ~-~-> 00:25:27 |market meaning that it's not going to be instantaneously the opposite, or the
251 |250 |00:25:27 ~-~-> 00:25:34 |effects of what you would expect in like SMT. There's a little bit of a delay
252 |251 |00:25:34 ~-~-> 00:25:39 |that sometimes occurs with the interest rate markets, which makes it a little
253 |252 |00:25:39 ~-~-> 00:25:46 |bit more complex to teach. And, frankly, the way the world is right now, it's a
254 |253 |00:25:46 ~-~-> 00:25:51 |market that I would not want to touch either. And remember, I said I was
255 |254 |00:25:51 ~-~-> 00:25:57 |leading Forex years ago, and I've been touching it went back to futures
256 |255 |00:25:57 ~-~-> 00:26:06 |trading. Now, my heart is in the bond market. But I also am aware that that
257 |256 |00:26:06 ~-~-> 00:26:11 |risk is high in the interest rate market, because there could be a
258 |257 |00:26:11 ~-~-> 00:26:19 |interest rate in blue implosion, and it can happen instantly. And it can harm
259 |258 |00:26:19 ~-~-> 00:26:25 |me. So what I'm doing is I'm focusing on a market that I trust, which is the
260 |259 |00:26:25 ~-~-> 00:26:33 |index futures. I'm looking at a small universe of investment vehicles meaning
261 |260 |00:26:35 ~-~-> 00:26:44 |and I'll compare the s&p 500. The Dow 30. and the NASDAQ 100 Composite Index.
262 |261 |00:26:46 ~-~-> 00:26:53 |That's it. I don't need the dollar index to trade any one of those. And to
263 |262 |00:26:53 ~-~-> 00:26:57 |further simplify it, I don't trade the Dow. So what am I living and limiting it
264 |263 |00:26:57 ~-~-> 00:27:02 |to? It's I'm looking at just the Spoos market, which is s&p 500 and the NASDAQ
265 |264 |00:27:02 ~-~-> 00:27:05 |Composite Index. And because I want to be in the market, it's going to move
266 |265 |00:27:05 ~-~-> 00:27:10 |faster. It's going to be exaggerated, and it's pricings. So what have I
267 |266 |00:27:10 ~-~-> 00:27:15 |further done, I've reduced it down to just one market, referring to s&p Like I
268 |267 |00:27:15 ~-~-> 00:27:19 |would do what the dollar index for a forex pair if I was trading Euro, our
269 |268 |00:27:19 ~-~-> 00:27:27 |table. So I've simplified my observations in the marketplace. I've
270 |269 |00:27:27 ~-~-> 00:27:33 |reduced my time in analysis. I could care less with all these other I only do
271 |270 |00:27:33 ~-~-> 00:27:37 |that because I'm teaching you and I know there's a lot of interest in all the
272 |271 |00:27:37 ~-~-> 00:27:40 |markets. And you all want me to do even more than that. And I don't have an
273 |272 |00:27:40 ~-~-> 00:27:46 |interest or time to do it. But the things that I do in those respective
274 |273 |00:27:46 ~-~-> 00:27:49 |markets. They're the same things I'm doing in any market I'm trading with,
275 |274 |00:27:50 ~-~-> 00:27:55 |because they're not. It's not changing. The method is not constantly morphing
276 |275 |00:27:55 ~-~-> 00:27:59 |into something new because I'm following another market or following another
277 |276 |00:27:59 ~-~-> 00:28:10 |asset class. So overexposing is trying to do more than it's necessary, trying
278 |277 |00:28:10 ~-~-> 00:28:16 |to find more setups than there really are there. And let's make a distinction
279 |278 |00:28:16 ~-~-> 00:28:23 |between what I just said and what you're probably thinking. I think you said you
280 |279 |00:28:23 ~-~-> 00:28:30 |can trade every hour candle and find setups. Yeah, I can. But just like, I
281 |280 |00:28:30 ~-~-> 00:28:35 |understand that my audience that's listening to me, I have a great deal of
282 |281 |00:28:35 ~-~-> 00:28:42 |influence. And that's very intimidating for me. Telling you think that I like
283 |282 |00:28:42 ~-~-> 00:28:47 |this position, can lead to three weeks left, and I'm done. three more weeks,
284 |283 |00:28:47 ~-~-> 00:28:55 |I'm not on Twitter no more. And this level of influence I have over many
285 |284 |00:28:55 ~-~-> 00:29:01 |people who have a high regard of my opinion, high regard and me as a person
286 |285 |00:29:01 ~-~-> 00:29:06 |and the things I'm openly sharing for free and helping other people that
287 |286 |00:29:06 ~-~-> 00:29:14 |influence that power. It scares me. Because I know what I was like when I
288 |287 |00:29:14 ~-~-> 00:29:22 |was younger. If I had Larry Williams, constantly at a fingertip pushing a
289 |288 |00:29:22 ~-~-> 00:29:26 |button, let me go see what Larry Williams is saying on his Twitter right
290 |289 |00:29:26 ~-~-> 00:29:31 |now, at the moment, whatever amusing that he had in his head at the time, if
291 |290 |00:29:31 ~-~-> 00:29:36 |he's willing to share that. That would have been that would have been highly
292 |291 |00:29:36 ~-~-> 00:29:47 |influential to me and me taking on monetary risk. Now, would he think about
293 |292 |00:29:47 ~-~-> 00:29:54 |that level of influence and be guarded in his opinion? I don't think so because
294 |293 |00:29:54 ~-~-> 00:29:57 |he was making his daily. I think he probably still doesn't, I'm taking the
295 |294 |00:29:57 ~-~-> 00:30:01 |right deal that he's saying I don't actively follow But he's still in. But
296 |295 |00:30:01 ~-~-> 00:30:07 |at the time when I was younger guy, yeah, he made his SNP calls, and maybe
297 |296 |00:30:07 ~-~-> 00:30:11 |bonds and whatever else he would talk about at the time. And but you had to
298 |297 |00:30:11 ~-~-> 00:30:19 |pay it through a 900 number. Okay, fine, whatever. But it was behind a paywall.
299 |298 |00:30:20 ~-~-> 00:30:26 |I'm not behind the paywall. And I don't know the level of your experience. I
300 |299 |00:30:26 ~-~-> 00:30:31 |don't know what you know about what it is I've taught. I don't know, if you're
301 |300 |00:30:31 ~-~-> 00:30:35 |a gambler, I don't know if you're reckless, I don't know if you just
302 |301 |00:30:35 ~-~-> 00:30:39 |blindly follow anyone that says anything, and you're highly influenced,
303 |302 |00:30:39 ~-~-> 00:30:45 |because you're just looking for any reason, scratch that itch. And because
304 |303 |00:30:45 ~-~-> 00:30:51 |social media is what it is, it's an invitation for disaster. Because people
305 |304 |00:30:51 ~-~-> 00:30:54 |that are not equipped to think independently for themselves. It's a
306 |305 |00:30:54 ~-~-> 00:30:59 |wonderful grocery store for you to go out and pick the right person, you think
307 |306 |00:31:00 ~-~-> 00:31:04 |you should fall in line. And I don't want to cultivate that. I don't want to
308 |307 |00:31:04 ~-~-> 00:31:07 |have that in my students, I want my students to be independent, I want all
309 |308 |00:31:07 ~-~-> 00:31:09 |of you to come to the conclusion that you don't need me.
310 |309 |00:31:11 ~-~-> 00:31:15 |And my feelings are not going to be hurt by that. That's exactly the end game,
311 |310 |00:31:15 ~-~-> 00:31:20 |that's the that's the result that you're looking for it not the togetherness of
312 |311 |00:31:20 ~-~-> 00:31:26 |me and you together. And some of you see that as that's a problem. When that's
313 |312 |00:31:26 ~-~-> 00:31:35 |just you growing accustomed to me as the man, the the figure, the person behind
314 |313 |00:31:35 ~-~-> 00:31:39 |the ICT, the inner circle trader, you've grown accustomed to that person. And
315 |314 |00:31:39 ~-~-> 00:31:44 |while that's wonderful in a lot of ways, I'm not that person for you, as a
316 |315 |00:31:44 ~-~-> 00:31:49 |mentor, the mentor in me saying, you have to get out of the nest, you have to
317 |316 |00:31:49 ~-~-> 00:31:53 |do this on your own, you have to fly on your own. And you shouldn't be afraid of
318 |317 |00:31:53 ~-~-> 00:31:57 |that you should be looking forward to it. It's not a tragedy, it's not some
319 |318 |00:31:57 ~-~-> 00:32:01 |drama, that brings sadness, it should be like it's just graduation, and
320 |319 |00:32:01 ~-~-> 00:32:06 |graduation may defund for the moment. But it's scary too, because you have to
321 |320 |00:32:06 ~-~-> 00:32:10 |go out and do these things on your own and get new experiences without the hand
322 |321 |00:32:10 ~-~-> 00:32:15 |holding the everyday process of being around your teachers and your other
323 |322 |00:32:15 ~-~-> 00:32:20 |classmates, which makes it feel more comfortable even though you've probably
324 |323 |00:32:20 ~-~-> 00:32:24 |hated going through school. As an adult, two years out of school, you've probably
325 |324 |00:32:24 ~-~-> 00:32:28 |thought many times. I mean, I'd love to be able to work in school. I wanted to
326 |325 |00:32:28 ~-~-> 00:32:32 |do these adult problems. Well, so many times the same things that we
327 |326 |00:32:32 ~-~-> 00:32:36 |experienced as traitors, it feels fun, when you when you start to learn
328 |327 |00:32:36 ~-~-> 00:32:42 |something new, and your, your energy levels really high. Like if I went out
329 |328 |00:32:42 ~-~-> 00:32:47 |there and said, Listen, 2024 I'm doing a mentorship, it's 100% Free, we're doing
330 |329 |00:32:47 ~-~-> 00:32:51 |it every day, Monday through Friday, on YouTube, we're gonna sit down, I'm gonna
331 |330 |00:32:51 ~-~-> 00:32:54 |go over my charts, I'm gonna draw the charts every single day, I'm gonna sit
332 |331 |00:32:54 ~-~-> 00:32:57 |down, and I'm gonna trade in front of you live every single day, the morning
333 |332 |00:32:57 ~-~-> 00:33:02 |session, afternoon session, your activity level, in everything else would
334 |333 |00:33:02 ~-~-> 00:33:07 |completely stop. You'd be making changes in your jobs, you'd be making changes in
335 |334 |00:33:07 ~-~-> 00:33:10 |your curriculum at school and university, you'd be telling your
336 |335 |00:33:10 ~-~-> 00:33:14 |spouse's, listen, it's worth divorce, everything's going to change, because
337 |336 |00:33:14 ~-~-> 00:33:17 |this is the opportunity that I knew would never likely happen. They hear
338 |337 |00:33:17 ~-~-> 00:33:22 |this, he's brilliant, and your energy level would go through the roof. Why?
339 |338 |00:33:24 ~-~-> 00:33:30 |Because you see that opportunity to do more. And when you finally get to the
340 |339 |00:33:30 ~-~-> 00:33:36 |point where you know how to trade that shouldn't be like that. So you think
341 |340 |00:33:36 ~-~-> 00:33:41 |that it should be just like that, when I learn how to trade like ICT or ICS best
342 |341 |00:33:41 ~-~-> 00:33:45 |students, I'm going to outperform and I'm going to do this and this and this
343 |342 |00:33:45 ~-~-> 00:33:53 |and this and this. None of my students with this new power they have thinks of
344 |343 |00:33:53 ~-~-> 00:33:59 |their trading like that. Because they know they don't need to do that. That
345 |344 |00:33:59 ~-~-> 00:34:09 |promotes overexposure. It promotes greed. It will invite fear. Because what
346 |345 |00:34:09 ~-~-> 00:34:15 |you'll end up doing is you will fear not controlling yourself. You'll become
347 |346 |00:34:15 ~-~-> 00:34:22 |reckless. Start making mistakes. You'll disassociate yourself from the model
348 |347 |00:34:22 ~-~-> 00:34:27 |approach. And you'll revert back to retail processes, which is fear and
349 |348 |00:34:27 ~-~-> 00:34:36 |greed. fear and greed and analysis paralysis. That's retail thinking in an
350 |349 |00:34:36 ~-~-> 00:34:50 |encapsulated form. That's it. So prevent the overexposure is paramount. I knew
351 |350 |00:34:50 ~-~-> 00:34:55 |when I gave the analysis. Before we started trading this week, I said I'm
352 |351 |00:34:55 ~-~-> 00:35:00 |going to put a limit on what I'm willing to wait for and if I do Don't get this
353 |352 |00:35:00 ~-~-> 00:35:07 |I'm okay with not taking a trade all week long. I'm comfortable not taking a
354 |353 |00:35:07 ~-~-> 00:35:13 |trade. I wonder if the very specific things that I don't want to kill the the
355 |354 |00:35:13 ~-~-> 00:35:18 |analysis and review that I'll be doing on Sunday, which will be live stream, by
356 |355 |00:35:18 ~-~-> 00:35:25 |the way. So we'll be lighting the market review at 5pm. And we'll see what the
357 |356 |00:35:25 ~-~-> 00:35:29 |opening ticks are on on the markets because I think we're gonna see an
358 |357 |00:35:29 ~-~-> 00:35:40 |extreme gap lower on equities, index futures, so but anyway having that
359 |358 |00:35:44 ~-~-> 00:35:49 |observation of what's going on in Israel, what's going on in Gaza, and how
360 |359 |00:35:49 ~-~-> 00:35:59 |all the other Arab nations are getting ready to getting really jerked up in
361 |360 |00:35:59 ~-~-> 00:36:06 |animated in some of the bases, the US bases have been attacked, I think that's
362 |361 |00:36:06 ~-~-> 00:36:10 |going to increase, you know, I think we're going to see a greater escalation
363 |362 |00:36:11 ~-~-> 00:36:19 |and all that stuff. And as a younger man, I looked at war, pestilence,
364 |363 |00:36:20 ~-~-> 00:36:28 |famine, chaos, all these problematic things as touching as opportunity to get
365 |364 |00:36:28 ~-~-> 00:36:35 |money. And that's how globalist thinks. And when they see that you are good at
366 |365 |00:36:35 ~-~-> 00:36:46 |that. They'll tap you on the shoulder. And you have to make a choice. You
367 |366 |00:36:46 ~-~-> 00:36:52 |should not have that mindset. You should have no fear of these things. Because
368 |367 |00:36:52 ~-~-> 00:36:57 |ultimately, if you're wrestling with this as a, as an investment, I get this
369 |368 |00:36:57 ~-~-> 00:37:00 |question a lot. And I promise this is not gonna turn into a religious
370 |369 |00:37:00 ~-~-> 00:37:05 |conversation. But it's appropriate for this moment for me to talk about it. I
371 |370 |00:37:05 ~-~-> 00:37:12 |have a lot of students that are, quote unquote, Christian. And the number one
372 |371 |00:37:12 ~-~-> 00:37:19 |question that comes up is, should they view trading as gambling because they
373 |372 |00:37:19 ~-~-> 00:37:26 |are told it's gambling. And God won't honor are blessed this because it's
374 |373 |00:37:26 ~-~-> 00:37:34 |gambling. Well, there is a way to do this. That's not That's not gambling.
375 |374 |00:37:35 ~-~-> 00:37:42 |Okay. The way I teach, number one, you're not trying to be reckless, you're
376 |375 |00:37:42 ~-~-> 00:37:47 |looking for very specific things to qualify a setup. You're looking for
377 |376 |00:37:47 ~-~-> 00:37:52 |things to quantify a setup. And also I'm teaching you to deal with very little
378 |377 |00:37:52 ~-~-> 00:37:58 |risk not over leverage. Not over leveraging, do the least trade with a
379 |378 |00:37:58 ~-~-> 00:38:07 |micro lot $5 per handle, in s&p $2 per handle on the NASDAQ. That's that's
380 |379 |00:38:07 ~-~-> 00:38:13 |very, very, very low in terms of the multiplier for a pip fluctuation, or not
381 |380 |00:38:13 ~-~-> 00:38:20 |PIP for tick or one point or handle fluctuation in the respective abacus.
382 |381 |00:38:23 ~-~-> 00:38:29 |Now, if I say trade was 15 contracts, and try to go for broke every single
383 |382 |00:38:29 ~-~-> 00:38:37 |time, that's gambling. In Twitter spaces, I'm talking to you like someone
384 |383 |00:38:37 ~-~-> 00:38:42 |that has been here before has hurt himself, has learned from it, and has
385 |384 |00:38:42 ~-~-> 00:38:47 |also helped other people avoid the same things and they're profitable, learning
386 |385 |00:38:47 ~-~-> 00:38:51 |to do the things I tell them to do and avoid the things outside of them to
387 |386 |00:38:51 ~-~-> 00:38:56 |avoid. That's how they got to where they're profitable. They're not
388 |387 |00:38:56 ~-~-> 00:38:59 |reinventing the ICT wheel. They're not revamping something they're not
389 |388 |00:38:59 ~-~-> 00:39:04 |improving upon it. They're just applying sound logic mastering themselves first.
390 |389 |00:39:08 ~-~-> 00:39:14 |But trading can be gambling in the hands of someone that's out to prove something
391 |390 |00:39:16 ~-~-> 00:39:21 |out to prove something, vendetta trading, revenge trading, what is that?
392 |391 |00:39:21 ~-~-> 00:39:28 |That's emotional gambling. Everybody goes out to those casinos in Las Vegas
393 |392 |00:39:28 ~-~-> 00:39:34 |or goes to whatever local places gambling in your neck of the woods
394 |393 |00:39:34 ~-~-> 00:39:40 |wherever you're at. Everybody goes there on an impulse. And anyone that says
395 |394 |00:39:40 ~-~-> 00:39:47 |otherwise they're liars. impulsiveness is what? Rooted in emotion. They are
396 |395 |00:39:47 ~-~-> 00:39:53 |feeling less than they should they feel black, depressed, they want to feel
397 |396 |00:39:53 ~-~-> 00:39:56 |better about themselves and what else would make you feel better than winning
398 |397 |00:39:56 ~-~-> 00:40:03 |some money and that's why traders start in this industry recklessly plunging
399 |398 |00:40:03 ~-~-> 00:40:08 |into it with no model, the race in there, the only thing they really want
400 |399 |00:40:08 ~-~-> 00:40:12 |to learn how to do is how to open up an account. How do I buy? How do I sell?
401 |400 |00:40:12 ~-~-> 00:40:15 |How do I get out? And how can I get my money. That's what they're thinking is a
402 |401 |00:40:15 ~-~-> 00:40:20 |mentorship, that's mentorship. That's mentorship, that's myopic mentorship,
403 |402 |00:40:21 ~-~-> 00:40:24 |and their dollar mentorships, like that all over the internet, all over social
404 |403 |00:40:24 ~-~-> 00:40:32 |media, because there's a new round of suckers coming in all the time. If I was
405 |404 |00:40:32 ~-~-> 00:40:36 |a sleazebag, I could be making millions of dollars every month fleecing those
406 |405 |00:40:36 ~-~-> 00:40:41 |individuals, I don't need to do that. I'm here on my weekend, telling you how
407 |406 |00:40:41 ~-~-> 00:40:48 |to better improve yourself correctly, how to avoid gambling, how to avoid
408 |407 |00:40:48 ~-~-> 00:40:53 |blowing out your account, over leveraging and today's topic is over
409 |408 |00:40:53 ~-~-> 00:40:59 |exposing yourself. Don't open yourself up to pursue more opportunities, and
410 |409 |00:40:59 ~-~-> 00:41:09 |it's really appropriate for you. Now trading
411 |410 |00:41:11 ~-~-> 00:41:17 |in an environment where there's going to be a lot of knee jerk reactions. Now
412 |411 |00:41:17 ~-~-> 00:41:21 |what I mean by that, because obviously, you always say that the markets are not
413 |412 |00:41:22 ~-~-> 00:41:26 |going up and down and fluctuating as a result of buying and selling. No, it's
414 |413 |00:41:26 ~-~-> 00:41:31 |not, not because of our buying and selling collectively, no. It's the
415 |414 |00:41:31 ~-~-> 00:41:39 |delivery of price by the Central Bank, because that's the market maker. The New
416 |415 |00:41:39 ~-~-> 00:41:44 |York Stock Exchange, that's not the that's not the hub that starts
417 |416 |00:41:44 ~-~-> 00:41:52 |everything. Okay, that's just the face. That's the that's the Dow nailed it.
418 |417 |00:41:52 ~-~-> 00:41:58 |That's the face. That's, that's who we think it is. Okay, all the prices come
419 |418 |00:41:58 ~-~-> 00:42:01 |from there. And as a result of buying and selling pressure, okay? If you want
420 |419 |00:42:01 ~-~-> 00:42:05 |to believe that, that's fine, you're welcome to believe that. I have learned
421 |420 |00:42:05 ~-~-> 00:42:11 |that trying to make the case that it's not that I'm not going to convince
422 |421 |00:42:11 ~-~-> 00:42:15 |everyone and frankly, I don't care. And when you learn how to do this, you don't
423 |422 |00:42:15 ~-~-> 00:42:18 |care either. It's funny to see these people run around believing with the
424 |423 |00:42:18 ~-~-> 00:42:23 |nonsense that they believe. But the central banks themselves they are the
425 |424 |00:42:23 ~-~-> 00:42:29 |masters of all this they are the masters of money in every form of it. Even your
426 |425 |00:42:29 ~-~-> 00:42:35 |beloved cryptocurrencies. As the TGC what happened in Bitcoin? You said it's
427 |426 |00:42:35 ~-~-> 00:42:45 |gone to zero, it's going to zero. Okay, it's going to zero. I'm not claiming to
428 |427 |00:42:45 ~-~-> 00:42:49 |know what every fluctuation is going to do every day. If I did, if I knew that
429 |428 |00:42:49 ~-~-> 00:42:53 |I'd be out here, mopping the floors with all that stuff. And all these crypto
430 |429 |00:42:53 ~-~-> 00:42:57 |fanatics that follow people that I've seen no real reason to be following
431 |430 |00:42:57 ~-~-> 00:43:04 |them. But I guess, you know, whatever. Daily follow me. If I call those crypto
432 |431 |00:43:04 ~-~-> 00:43:09 |markets, like I call the NASDAQ, and s&p, they all here and I'd have more
433 |432 |00:43:09 ~-~-> 00:43:13 |headaches with more drama and personality disorders and people that
434 |433 |00:43:13 ~-~-> 00:43:20 |just want clout. You don't want to expose yourself to that kind of
435 |434 |00:43:20 ~-~-> 00:43:25 |environment. And I knew enough going into this week, because I had journal
436 |435 |00:43:25 ~-~-> 00:43:31 |entries, I have experiences. I have accounts where I have lost that I have
437 |436 |00:43:31 ~-~-> 00:43:36 |been for months, knowing full well that I've done it before. And I should have
438 |437 |00:43:36 ~-~-> 00:43:39 |known better and sooner. But I still went in there recklessly plunged ahead.
439 |438 |00:43:41 ~-~-> 00:43:53 |And because I had such a large audience now. Like, I have to be careful what I
440 |439 |00:43:53 ~-~-> 00:44:02 |say now, because I know it's impactful to many of you. Like some of you are
441 |440 |00:44:02 ~-~-> 00:44:06 |willing to just take whatever I say because I said it. That's it. And I
442 |441 |00:44:06 ~-~-> 00:44:10 |don't want any of you to think that I want you to say, Okay, this is what it
443 |442 |00:44:10 ~-~-> 00:44:16 |said. It said this, they don't hear and see if what he said is valid. Is this
444 |443 |00:44:16 ~-~-> 00:44:21 |really there? I'm taking it back. That's how I started. That's how I started as a
445 |444 |00:44:21 ~-~-> 00:44:28 |teacher. What I'm about to show you, in 1996, when I sat down with my students,
446 |445 |00:44:28 ~-~-> 00:44:40 |then who sat with me, side by side. Literally. I don't want you to take what
447 |446 |00:44:40 ~-~-> 00:44:44 |I'm going to say today, and believe what I'm saying I want you to go in to the
448 |447 |00:44:44 ~-~-> 00:44:48 |charts and look for these things. If you can't see them. You come back tomorrow
449 |448 |00:44:48 ~-~-> 00:44:54 |and you tell me that you don't see them and I'll show you how to better identify
450 |449 |00:44:54 ~-~-> 00:44:57 |them because if you can't do that part first, the rest of the week and that's
451 |450 |00:44:57 ~-~-> 00:45:03 |all they had with me one week. Think about that. Yeah, I mean, look at all
452 |451 |00:45:03 ~-~-> 00:45:08 |the content I have now. That's 30 years and I haven't looked, I've literally
453 |452 |00:45:08 ~-~-> 00:45:14 |done nothing, maybe a little bit over a quarter of everything that I know.
454 |453 |00:45:15 ~-~-> 00:45:18 |That's what my Compendium right now that's out there in everything that's
455 |454 |00:45:18 ~-~-> 00:45:29 |ever been done by me, is just a hair's breadth above one quarter. And look how
456 |455 |00:45:29 ~-~-> 00:45:38 |much has impacted the world. But also look how much has caused confusion,
457 |456 |00:45:39 ~-~-> 00:45:45 |cause competition, broken hearts, sore bums, you know, people getting angry,
458 |457 |00:45:45 ~-~-> 00:45:50 |because no longer are they the the flavor of the month. Because I'm not
459 |458 |00:45:50 ~-~-> 00:45:54 |trying to be anybody's enemy. And I want my life back. I don't want to be a
460 |459 |00:45:54 ~-~-> 00:46:03 |celebrity. I use last week, when I learned through hardship. I know that
461 |460 |00:46:03 ~-~-> 00:46:08 |there was going to be movement in the markets this week, lots of fluctuations.
462 |461 |00:46:08 ~-~-> 00:46:11 |I knew there was going to be big moves and big range expansions. I knew that
463 |462 |00:46:11 ~-~-> 00:46:14 |was going to happen. But I also knew that there's going to be a decoupling.
464 |463 |00:46:16 ~-~-> 00:46:22 |Now what is the coupling when a market moves symmetrically, these these are the
465 |464 |00:46:22 ~-~-> 00:46:25 |parts where you write this stuff down, folks, not just grab another coin ship
466 |465 |00:46:25 ~-~-> 00:46:30 |and that Nacho sauce. This is where you grab a pen or pencil and you write down
467 |466 |00:46:30 ~-~-> 00:46:36 |things I'm saying because it's impactful to you, it means something it's going to
468 |467 |00:46:36 ~-~-> 00:46:39 |help, it's going to help you in the future, when I'm not actively doing this
469 |468 |00:46:39 ~-~-> 00:46:45 |with you on a week by week basis. But the coupling is when a symmetrical
470 |469 |00:46:45 ~-~-> 00:46:53 |market no longer follows the symmetrical processes. Meaning a perfect symmetrical
471 |470 |00:46:53 ~-~-> 00:47:00 |market would be this risk off scenario, right away risk off is dollar up, risk
472 |471 |00:47:00 ~-~-> 00:47:08 |$1 down. Now, going back to risk off Dollar Index, if it's the go higher, if
473 |472 |00:47:08 ~-~-> 00:47:13 |that higher dollar if that is expected, or we think that that's going to occur.
474 |473 |00:47:18 ~-~-> 00:47:23 |We have little perimeter alarms in our house, because I have puppies. And I
475 |474 |00:47:23 ~-~-> 00:47:27 |want to know if they go in certain areas because I had rugs that cost more than
476 |475 |00:47:27 ~-~-> 00:47:31 |most people's cars a day. And I don't want them to make an accident. And I
477 |476 |00:47:31 ~-~-> 00:47:35 |don't want no gates to block them away. So when I'm this one off, sort of wait
478 |477 |00:47:35 ~-~-> 00:47:42 |for it to turn it off. Otherwise, I would have said hold on one second. So a
479 |478 |00:47:42 ~-~-> 00:47:48 |symmetrical market. I'm not sure if you hear that, but I have to make sure if
480 |479 |00:47:48 ~-~-> 00:47:53 |he's handling it. These are all the things that go on in recorded video that
481 |480 |00:47:53 ~-~-> 00:47:59 |you don't ever hear is one of the things I hate doing live stuff for because I'm
482 |481 |00:47:59 ~-~-> 00:48:03 |in the home and you're gonna hear all the things that go along with it. So
483 |482 |00:48:04 ~-~-> 00:48:08 |risk off scenario or risk off market dollars going higher. So a symmetrical
484 |483 |00:48:08 ~-~-> 00:48:14 |market would be okay. Equities will start to soften that they're rallying
485 |484 |00:48:14 ~-~-> 00:48:21 |and eventually bend the knee and go lower currencies will all move lower as
486 |485 |00:48:21 ~-~-> 00:48:28 |the dollar goes higher. Okay, and bond market will go opposite. So wonderful.
487 |486 |00:48:28 ~-~-> 00:48:35 |That's a symmetrical market. However, there are times where the
488 |487 |00:48:35 ~-~-> 00:48:39 |characteristics of a market environment which is what we're seeing right now,
489 |488 |00:48:39 ~-~-> 00:48:45 |there's a lot of geopolitical, wartime upheaval, there's a lot of opportunity
490 |489 |00:48:45 ~-~-> 00:48:52 |for the central banks to build sentiment. And also, anyone that's
491 |490 |00:48:52 ~-~-> 00:48:58 |positioned appropriately where they can stand to be profitable, they will run on
492 |491 |00:48:58 ~-~-> 00:49:07 |those positions. Now, they don't have a book map. Okay, they don't have this.
493 |492 |00:49:07 ~-~-> 00:49:13 |Okay, here's, here's Huddleston, my stops, we're gonna go here. They don't
494 |493 |00:49:13 ~-~-> 00:49:20 |have a list of everybody by name, what account number all that stuff. They
495 |494 |00:49:20 ~-~-> 00:49:27 |don't need that. All they have to do is clear the board. So if I know that this
496 |495 |00:49:27 ~-~-> 00:49:30 |environment that we're entering last week before this week started trading,
497 |496 |00:49:30 ~-~-> 00:49:34 |so know what I'm referring to and reflect upon the commentary that I gave
498 |497 |00:49:34 ~-~-> 00:49:39 |last week before Sunday's opening bell because I was doing a live stream on
499 |498 |00:49:39 ~-~-> 00:49:44 |YouTube. You're welcome to go back and look and listen to it. Okay. I outlined
500 |499 |00:49:45 ~-~-> 00:49:52 |for me to be interested in trading for the entirety of the week. I wanted to
501 |500 |00:49:52 ~-~-> 00:49:56 |see something unfold. I wanted to see the dollar index get above the upper
502 |501 |00:49:56 ~-~-> 00:50:01 |quadrant that I outlined, and I want to say too much Because I'm hoping if you
503 |502 |00:50:01 ~-~-> 00:50:05 |haven't watched that video and analysis, go watch it, because it's going to help
504 |503 |00:50:05 ~-~-> 00:50:09 |you understand what I'm going to talk about tomorrow when we do our review and
505 |504 |00:50:10 ~-~-> 00:50:21 |analysis for new becoming. I didn't want to be. So finally, about this, this is
506 |505 |00:50:21 ~-~-> 00:50:25 |exactly what's going to happen because I know that there was going to be
507 |506 |00:50:25 ~-~-> 00:50:33 |decoupling meaning that the dollar index can do one thing. And the other markets
508 |507 |00:50:33 ~-~-> 00:50:34 |can do another.
509 |508 |00:50:36 ~-~-> 00:50:42 |So if I place a limit on myself, and I can only engage, if this happens, then I
510 |509 |00:50:42 ~-~-> 00:50:47 |have a green light go, I can now start actively talking about the market, I'll
511 |510 |00:50:47 ~-~-> 00:50:51 |start tweeting things and what I think is going to happen. And also add to it
512 |511 |00:50:51 ~-~-> 00:50:57 |that I shared. The last few weeks, we found out that my mother in law is now
513 |512 |00:50:57 ~-~-> 00:51:05 |battling another round of cancer. So my life's new expected me to be at her
514 |513 |00:51:05 ~-~-> 00:51:11 |attention is when she's asking for it. And it's very distracting. So I can't be
515 |514 |00:51:11 ~-~-> 00:51:16 |on point with everything that I want to be as ICT. And it's also fitting because
516 |515 |00:51:16 ~-~-> 00:51:20 |I'm reducing my exposure to and conditioning to expect how it's going to
517 |516 |00:51:20 ~-~-> 00:51:26 |be when I'm not here post November 11. So all those things coalesced into, it
518 |517 |00:51:26 ~-~-> 00:51:31 |would be easier for me to say, Okay, if I could say, what I require, as a
519 |518 |00:51:31 ~-~-> 00:51:38 |minimum, for me to engage and talk about what I think is going to happen, the
520 |519 |00:51:38 ~-~-> 00:51:41 |missus, this is what I would look for. And I wanted to see the dollar index,
521 |520 |00:51:41 ~-~-> 00:51:45 |show me that in by tipping its hand to me, if it went above and closed above
522 |521 |00:51:45 ~-~-> 00:51:53 |the upper quadrant that I wanted to then trust that the ballot index could go
523 |522 |00:51:53 ~-~-> 00:51:58 |higher, and continue going higher. Otherwise, if it doesn't do this, I'm
524 |523 |00:51:58 ~-~-> 00:52:01 |not interested in it. And I can sit on my hands. And I'm telling you and like I
525 |524 |00:52:01 ~-~-> 00:52:07 |told you in that live stream video that I'm content with even having taken
526 |525 |00:52:07 ~-~-> 00:52:14 |nothing for the day or the week. Because my mind was scattered. But my
527 |526 |00:52:14 ~-~-> 00:52:19 |impulsiveness as a human being the man made me that 20 year old that wants to
528 |527 |00:52:19 ~-~-> 00:52:23 |get out there and do silly stuff again, for the sake of just doing it,
529 |528 |00:52:25 ~-~-> 00:52:29 |overexposed overexposing myself in terms of chasing the the number of
530 |529 |00:52:29 ~-~-> 00:52:33 |opportunities that I knew that are there. And I'm going to go back to kind
531 |530 |00:52:33 ~-~-> 00:52:39 |of I started the dress date. And I said, I know what you're thinking. I mean, you
532 |531 |00:52:39 ~-~-> 00:52:46 |think that I should be able to see more setups than the average person. And I
533 |532 |00:52:46 ~-~-> 00:52:51 |can and I've proven that. But I also have an influence factor, that is now
534 |533 |00:52:51 ~-~-> 00:52:57 |something that's in my head. So while I'm not afraid, obviously, to tell you
535 |534 |00:52:57 ~-~-> 00:53:00 |what I think is going to happen when I tweeted, that never gets deleted, and it
536 |535 |00:53:00 ~-~-> 00:53:06 |does what I expected to do most of the times, most, I'm talking high 90%, go
537 |536 |00:53:06 ~-~-> 00:53:11 |back to my tweets and do the scale on it. You know, it's an opportunity for
538 |537 |00:53:11 ~-~-> 00:53:17 |you to do homework fast. And if you want to try to say I'm a liar. But because of
539 |538 |00:53:17 ~-~-> 00:53:23 |the number of people now listening to me. And because I'm a human being, and
540 |539 |00:53:23 ~-~-> 00:53:28 |I'm wrestling with things with family, I'm wrestling with things with a spouse,
541 |540 |00:53:29 ~-~-> 00:53:35 |and my attention is diverted. And on top of that, I'm literally falling
542 |541 |00:53:35 ~-~-> 00:53:40 |everything I can get my hands on in terms of what's happening in these
543 |542 |00:53:40 ~-~-> 00:53:43 |nations that we're seeing all these things and I'm not following the news.
544 |543 |00:53:44 ~-~-> 00:53:49 |Like I have so many students that are literally reporting to me, like going
545 |544 |00:53:49 ~-~-> 00:53:53 |every 20 minutes, I'm getting an update from them. With real video of this is
546 |545 |00:53:53 ~-~-> 00:54:00 |what's going on. This is what's going on in pictures, not like I got, like boots
547 |546 |00:54:00 ~-~-> 00:54:05 |on the ground. There. I got Intel in all these places. I don't look at the news.
548 |547 |00:54:05 ~-~-> 00:54:09 |So when you're asking me Hey, can you tell me what news service you? I don't
549 |548 |00:54:09 ~-~-> 00:54:14 |do that, because they're lying to you. You know, I have people that have
550 |549 |00:54:14 ~-~-> 00:54:18 |relationships with me, that are literally giving me the information
551 |550 |00:54:18 ~-~-> 00:54:24 |firsthand, right when it's happening as it's happening. So because I have all
552 |551 |00:54:24 ~-~-> 00:54:30 |that, and I'm immersed in all of it. My attention has been on other things. And
553 |552 |00:54:30 ~-~-> 00:54:34 |if I'm going to be distracted, and this is this is how you apply to yourself.
554 |553 |00:54:35 ~-~-> 00:54:39 |Okay, so that might it sounds self centered this discussion, but I'm
555 |554 |00:54:39 ~-~-> 00:54:46 |telling you how I evolved from as a younger 20 year old that would have all
556 |555 |00:54:46 ~-~-> 00:54:52 |that chaos in his life, trying to pursue success. You trying to keep up too young
557 |556 |00:54:52 ~-~-> 00:54:58 |of a marriage, you know, or not keep it but to rekindle a class trying to earn
558 |557 |00:54:58 ~-~-> 00:55:02 |my wife back. All these Things that I was trying to do and also look
559 |558 |00:55:02 ~-~-> 00:55:08 |significant in eyes of my family and friends, all those extra things was over
560 |559 |00:55:08 ~-~-> 00:55:13 |exposing myself, I was trying to do more than this unnecessary, not understanding
561 |560 |00:55:13 ~-~-> 00:55:17 |how to do enough and be content with it. Because it's the number one reason why
562 |561 |00:55:17 ~-~-> 00:55:21 |you're doing this is to make money, why not just simply reduce it down to what
563 |562 |00:55:21 ~-~-> 00:55:26 |you're trying to do to make money and be comfortable doing it. While I have a lot
564 |563 |00:55:26 ~-~-> 00:55:30 |of moving parts, I have a lot of PDAs and things that could qualify for a
565 |564 |00:55:30 ~-~-> 00:55:33 |setup for you. I don't use all of them unless I'm doing a trade and I'm here
566 |565 |00:55:33 ~-~-> 00:55:37 |meeting in every one that exists in that fractal price. And then I will key off
567 |566 |00:55:37 ~-~-> 00:55:43 |of it to prove that it's there. But you can use this one thing, strip it down to
568 |567 |00:55:43 ~-~-> 00:55:47 |a specific time of day, around a calendar event that is going to be high
569 |568 |00:55:47 ~-~-> 00:55:51 |or medium impact. And then that's it. That's it, it's really simple. That's
570 |569 |00:55:51 ~-~-> 00:55:59 |simple trading. But because I have so many weapons, and in my arsenal, you all
571 |570 |00:55:59 ~-~-> 00:56:02 |want to be a man of war like me where you want to just go out there and use
572 |571 |00:56:02 ~-~-> 00:56:07 |all these things in your own hands. And you've not learned how to do one of them
573 |572 |00:56:07 ~-~-> 00:56:14 |well. And that should be your pursuit. So because I had this expectation that
574 |573 |00:56:14 ~-~-> 00:56:22 |obviously, you're going into this new week, I anticipate acceleration and more
575 |574 |00:56:22 ~-~-> 00:56:31 |of the things that we're seeing over there in the Middle East in Israel. The
576 |575 |00:56:31 ~-~-> 00:56:36 |central banks will use that they're going to use that sentiment that it
577 |576 |00:56:36 ~-~-> 00:56:42 |creates. And they may or may not use the underlying sentiment to benefit
578 |577 |00:56:42 ~-~-> 00:56:53 |themselves. Meaning okay, it if all these things, accelerate and intensify
579 |578 |00:56:55 ~-~-> 00:57:01 |my experience my co signing in that analysis last Sunday, in a livestream
580 |579 |00:57:01 ~-~-> 00:57:09 |review, or 60,000, people were watching. It said, I don't think that we have
581 |580 |00:57:09 ~-~-> 00:57:15 |talked in the dollar index, I think that we can potentially go higher. And
582 |581 |00:57:15 ~-~-> 00:57:21 |because of all the uncertainty in the wartime things, I believe that the
583 |582 |00:57:21 ~-~-> 00:57:26 |dollar will likely go higher, but it may need to go down into its daily fair
584 |583 |00:57:26 ~-~-> 00:57:31 |value go. And that's completely permissible, it's acceptable, that's
585 |584 |00:57:31 ~-~-> 00:57:38 |reasonable. But even if it does that, I'm not saying I'm going long euro or
586 |585 |00:57:38 ~-~-> 00:57:44 |cable, because Dollar Index went down to its fair value. But I'm not saying that.
587 |586 |00:57:44 ~-~-> 00:57:49 |Now, I want you to go back and listen to what I said in that live stream that
588 |587 |00:57:49 ~-~-> 00:57:54 |can't be edited. If people saw it. It's still there, as it was said, when I said
589 |588 |00:57:54 ~-~-> 00:57:58 |that I'm not interested in I would not be trying to go long dollar which would
590 |589 |00:57:58 ~-~-> 00:58:03 |be shorting euro and shorting the POUND DOLLAR. Because if we're going to be
591 |590 |00:58:03 ~-~-> 00:58:09 |able to fair value gap that will be at a discount for the dollar index. If I'm
592 |591 |00:58:09 ~-~-> 00:58:12 |bullish, and I don't think the top is formed in the dollar index, that means
593 |592 |00:58:12 ~-~-> 00:58:18 |what, you know, surface observation just listening to that and you've only been
594 |593 |00:58:18 ~-~-> 00:58:22 |with us for a little while, you will naturally assume that means I'm going to
595 |594 |00:58:22 ~-~-> 00:58:27 |go long dollar and short Euro short POUND DOLLAR. At that moment. No, go
596 |595 |00:58:27 ~-~-> 00:58:31 |back and listen to what I said. I said I would not be interested. I'm not saying
597 |596 |00:58:31 ~-~-> 00:58:36 |that. Why? Because there's a decoupling I'm expecting it to not do those things.
598 |597 |00:58:36 ~-~-> 00:58:42 |I required the dollar index to trade up to a level never trade to at all all
599 |598 |00:58:42 ~-~-> 00:58:46 |week long. Well, ICT you sound like a hypocrite because here you are. You
600 |599 |00:58:46 ~-~-> 00:58:56 |showed me 30,000 hours in a trade on NASDAQ on Friday. I had the last portion
601 |600 |00:58:56 ~-~-> 00:59:06 |of the week where everything was lined up. And I'm expecting a continuation of
602 |601 |00:59:06 ~-~-> 00:59:10 |what I wanted to participate in. And truth be told I wanted to be in on
603 |602 |00:59:10 ~-~-> 00:59:17 |Tuesday. Like I wanted to short on Tuesday. I said I can't touch it. My
604 |603 |00:59:17 ~-~-> 00:59:25 |attention is divided. And if I don't do well, I will criticize myself more than
605 |604 |00:59:25 ~-~-> 00:59:31 |anybody else would. So over the years of me doing this, I just simply said, Okay,
606 |605 |00:59:31 ~-~-> 00:59:35 |I'm going to practice what I preach. I'm going to show you and I was willing to
607 |606 |00:59:35 ~-~-> 00:59:40 |go all the way into Friday and have nothing. I also know that there are
608 |607 |00:59:40 ~-~-> 00:59:45 |people out there gonna say he's got 12 Different demo accounts and 15 different
609 |608 |00:59:45 ~-~-> 00:59:50 |laptops and he couldn't get any of them to come up with a winning trade show to
610 |609 |00:59:50 ~-~-> 00:59:51 |you know,
611 |610 |00:59:53 ~-~-> 00:59:59 |the market maker model is what I'm going to teach as my final model on the 2023
612 |611 |01:00:00 ~-~-> 01:00:07 |addition, it will be released on October 31. I'll release it at 9pm. My local
613 |612 |01:00:07 ~-~-> 01:00:16 |time, and it'll teach, which is what I used for Friday's trade. So what I
614 |613 |01:00:16 ~-~-> 01:00:22 |employed on Friday with the NASDAQ was all based on using a market maker sell
615 |614 |01:00:22 ~-~-> 01:00:27 |model. It is not wiped off. I'm going to smash everybody that thinks that this is
616 |615 |01:00:27 ~-~-> 01:00:35 |like off, it is absolutely not like off. This is algorithmic, it's 100% matched
617 |616 |01:00:35 ~-~-> 01:00:40 |to the buy side, which you expect to see on the sell side. You do not see that in
618 |617 |01:00:40 ~-~-> 01:00:48 |Wycoff. Okay, it's to the PIP to the point. It's very specific. repricing
619 |618 |01:00:48 ~-~-> 01:00:52 |redelivering that's what it is. Okay, it has absolutely nothing to do with buying
620 |619 |01:00:52 ~-~-> 01:00:56 |and selling pressure has nothing to do with retail, it has nothing to do with
621 |620 |01:00:56 ~-~-> 01:01:04 |Support Resistance. I anticipated that we would get this flash of rushing down
622 |621 |01:01:04 ~-~-> 01:01:08 |and hit that sell side I was when I was recording it. I wanted to see it like
623 |622 |01:01:08 ~-~-> 01:01:12 |post four o'clock, I wanted to see it sprint down here and just break down
624 |623 |01:01:12 ~-~-> 01:01:16 |here and close below it. I need an allowance for that. But as we approached
625 |624 |01:01:16 ~-~-> 01:01:21 |closer and closer, I was like, Okay, I want to be getting out near the low. So
626 |625 |01:01:21 ~-~-> 01:01:27 |I rolled that stop real tight. And it allowed me to get out. But it didn't go
627 |626 |01:01:27 ~-~-> 01:01:34 |higher. much beyond that. It didn't make a lower low either. So I'm content with
628 |627 |01:01:34 ~-~-> 01:01:39 |how I manage that trade. I'm completely content with it. And I don't regret
629 |628 |01:01:40 ~-~-> 01:01:45 |anything that I should have done as the trader that was correct on the times
630 |629 |01:01:45 ~-~-> 01:01:50 |when I was briefly looking at it through my phone. Like I wasn't peeling over the
631 |630 |01:01:50 ~-~-> 01:01:53 |charts. With my monitors in front of me like I'm sitting in my recliner right
632 |631 |01:01:53 ~-~-> 01:01:57 |now in my office. And I have the screens in front of me they're off. They're,
633 |632 |01:01:57 ~-~-> 01:02:01 |they're idle, nothing's being done right now. But usually, when I'm talking to
634 |633 |01:02:01 ~-~-> 01:02:06 |you, unless I tell you I'm out and about, I'm standing in front of this
635 |634 |01:02:07 ~-~-> 01:02:12 |real estate of markets given me a very diverse approach to seeing everything in
636 |635 |01:02:12 ~-~-> 01:02:17 |concert, how all the markets are relating to one another dollar, Forex,
637 |636 |01:02:18 ~-~-> 01:02:25 |oil, gold, everything that I would refer to as a intermarket relationship. I'm
638 |637 |01:02:25 ~-~-> 01:02:32 |constantly getting all that feedback. Now. I also know, through experience as
639 |638 |01:02:32 ~-~-> 01:02:38 |a teacher, that if I sit down with you, and I show you in some of your asking
640 |639 |01:02:38 ~-~-> 01:02:43 |this, and this is my response to this, okay? You want me to sit and show you
641 |640 |01:02:44 ~-~-> 01:02:48 |and pan around and show you what's on my screens. Okay. And what I'm looking at
642 |641 |01:02:48 ~-~-> 01:02:56 |what I'm referring to none of you are at that point where it's going to be
643 |642 |01:02:56 ~-~-> 01:03:01 |helpful for you to do this. Because it's going to be too much information, you
644 |643 |01:03:01 ~-~-> 01:03:05 |won't have to experience you won't have the experience to ferret out the things
645 |644 |01:03:05 ~-~-> 01:03:09 |that you're looking for. And quite frankly, I don't have decades to teach
646 |645 |01:03:09 ~-~-> 01:03:14 |you the level of experience that's required to do what it is I'm doing. I
647 |646 |01:03:14 ~-~-> 01:03:19 |mean, it sounds like a cop out. But there's I mean, at some point, there's
648 |647 |01:03:19 ~-~-> 01:03:23 |going to be a knack that's required. And that was one of the things that was
649 |648 |01:03:23 ~-~-> 01:03:28 |problematic for me as a teacher, because I wanted to be able to teach everything.
650 |649 |01:03:29 ~-~-> 01:03:32 |And there are certain things that I'm not allowed to teach. And there's
651 |650 |01:03:32 ~-~-> 01:03:36 |certain things that I'm not equipped to because the factor of time, the factor
652 |651 |01:03:36 ~-~-> 01:03:42 |of, you know, I may not be here tomorrow, I may not be here today, you
653 |652 |01:03:42 ~-~-> 01:03:45 |know, today's not promised to me and tomorrow, certainly not promised to me.
654 |653 |01:03:46 ~-~-> 01:03:53 |But I've done is the best of my ability, I've been able to share in a means of
655 |654 |01:03:54 ~-~-> 01:03:59 |articulating what it is that I understand about price. It's proven to
656 |655 |01:03:59 ~-~-> 01:04:02 |be effective, because other people have taken that information and have made
657 |656 |01:04:02 ~-~-> 01:04:06 |money with it. And they're consistently making money with it. And they're not
658 |657 |01:04:06 ~-~-> 01:04:11 |being told what to buy and sell by me. None of my students ever get that. So
659 |658 |01:04:11 ~-~-> 01:04:15 |when you get your results, you've done it on your own. And that's a testimony.
660 |659 |01:04:15 ~-~-> 01:04:20 |That's that's what you're supposed to be looking for your own results using what
661 |660 |01:04:20 ~-~-> 01:04:23 |it is I've taught, and you should be encouraged by the other people that have
662 |661 |01:04:23 ~-~-> 01:04:29 |done it. But looking at all the information and being able to ferret out
663 |662 |01:04:30 ~-~-> 01:04:38 |the right way of interpreting it. Understand that I am a human being. And
664 |663 |01:04:38 ~-~-> 01:04:42 |if I see something in price action, well Mises make it very plain and simple. Did
665 |664 |01:04:42 ~-~-> 01:04:47 |the dollar index give me what I want to see as a catalyst for me to take a trade
666 |665 |01:04:47 ~-~-> 01:04:57 |this week? No. It didn't. So if I was being dogmatic about it, I should not
667 |666 |01:04:57 ~-~-> 01:05:04 |have taken that trade on Friday. Did I break a rule no. I was operating as a
668 |667 |01:05:04 ~-~-> 01:05:08 |mentor, and also limiting my exposure because I identified the fact that
669 |668 |01:05:09 ~-~-> 01:05:13 |number one, I'm human to my attention, stuff like that it's divided, and it's
670 |669 |01:05:13 ~-~-> 01:05:18 |being diverted to other things. There's a lot of things going on, and it's hot.
671 |670 |01:05:19 ~-~-> 01:05:21 |Like all these things that are occurring over in Israel and Gaza, and in the
672 |671 |01:05:21 ~-~-> 01:05:27 |Middle East. That's a hot topic right now. I mean, good grief, I asked a
673 |672 |01:05:27 ~-~-> 01:05:31 |Muslim a question. And they want to have holy war on me in Twitter when I just
674 |673 |01:05:31 ~-~-> 01:05:35 |simply asked the question. So while I'm not afraid of any of that stuff, it's
675 |674 |01:05:35 ~-~-> 01:05:42 |just unfortunate that everything right now is volatile. We can't, we can't even
676 |675 |01:05:42 ~-~-> 01:05:50 |have a conversation about anything. So I know, because of all these factors, and
677 |676 |01:05:50 ~-~-> 01:05:56 |what you're all incurring in your everyday life, things are expensive. You
678 |677 |01:05:56 ~-~-> 01:05:59 |want to be able to do this faster, and you're going to blame me, if you make a
679 |678 |01:05:59 ~-~-> 01:06:04 |mistake, you're not going to own it. I placed a limit on me as the mentor
680 |679 |01:06:04 ~-~-> 01:06:08 |sandpit for me to talk openly about what I think is going to happen, it's going
681 |680 |01:06:08 ~-~-> 01:06:14 |to require this, then I'll take a trade I'll I'll show you something. Based on
682 |681 |01:06:14 ~-~-> 01:06:19 |this information here, though, as Friday came, and I'm looking at price, and I'm
683 |682 |01:06:19 ~-~-> 01:06:26 |like, Man, I'm teaching on the market maker models this month, it will be it'd
684 |683 |01:06:26 ~-~-> 01:06:31 |be horrible for me to let this go by. And only talk about it in a review on
685 |684 |01:06:31 ~-~-> 01:06:36 |Sunday after the fact. So I wanted to have something. And I wanted to make up
686 |685 |01:06:36 ~-~-> 01:06:40 |for not having done anything all week. So anybody out there wants to do the
687 |686 |01:06:40 ~-~-> 01:06:44 |scaling and measuring of, you know, mine's bigger than yours type thing. I
688 |687 |01:06:44 ~-~-> 01:06:48 |did your whole month in one trade. And that's if you were doing it with real
689 |688 |01:06:48 ~-~-> 01:06:55 |money. So that logic that I used in that trade that is incorporated in what I
690 |689 |01:06:55 ~-~-> 01:07:00 |teach is my Market Maker, buy and sell model, that was a sell model. Okay, so
691 |690 |01:07:00 ~-~-> 01:07:05 |if you want to get a preview of what we're talking about, I encourage you to
692 |691 |01:07:05 ~-~-> 01:07:07 |go over to your NASDAQ chart
693 |692 |01:07:13 ~-~-> 01:07:20 |but what the NASDAQ for December 2023. And I'm doing this from my phone because
694 |693 |01:07:20 ~-~-> 01:07:24 |I want to turn the screens on because I know if I do this, with my main screens
695 |694 |01:07:24 ~-~-> 01:07:31 |on I can turn it into a six hour session today. Do an ICP do it. I'm here for
696 |695 |01:07:31 ~-~-> 01:07:42 |right. Alright, so you want to go to NASDAQ go up to a four hour chart. Some
697 |696 |01:07:42 ~-~-> 01:07:46 |of you like I knew it was a four hour chart, I knew it. So if you look at your
698 |697 |01:07:46 ~-~-> 01:07:54 |four hour chart, on NASDAQ December contract, and if you put your
699 |698 |01:08:09 ~-~-> 01:08:19 |put your cursor where your mouse or whatever, when the low ahead of October.
700 |699 |01:08:23 ~-~-> 01:08:32 |And it would be on the 27th of September, Wednesday, that low formed at
701 |700 |01:08:32 ~-~-> 01:08:41 |10am. On the 27th of September, on your for our next lecture. Okay. And then we
702 |701 |01:08:41 ~-~-> 01:08:49 |had a another low form. Some of you're like I'm waiting for these guys to do it
703 |702 |01:08:49 ~-~-> 01:08:54 |on YouTube on that poll Machado, and others listen to him. Because I know
704 |703 |01:08:54 ~-~-> 01:08:57 |these guys on YouTube, they take my Twitter spaces, and they use their own
705 |704 |01:08:57 ~-~-> 01:09:03 |charts and whatnot. It makes it interactive, which is cool. And you have
706 |705 |01:09:03 ~-~-> 01:09:07 |October 4 that low, I see have relatively equal lows there. So if you
707 |706 |01:09:07 ~-~-> 01:09:11 |look at what price is dealing between the 27th of September and October 4 on
708 |707 |01:09:11 ~-~-> 01:09:18 |NASDAQ, that is what is referred to by me as the original consolidation of the
709 |708 |01:09:18 ~-~-> 01:09:26 |market maker sell model, the high that was formed between those two lows on the
710 |709 |01:09:26 ~-~-> 01:09:34 |29th of September at 10am. That's the high of the original consolidation. So
711 |710 |01:09:34 ~-~-> 01:09:41 |that little trading range there. When I'm looking for a reason to go short, my
712 |711 |01:09:41 ~-~-> 01:09:44 |highest probability trades and the folks this is this is the part of these
713 |712 |01:09:44 ~-~-> 01:09:49 |discussions where if you don't write it down, and then take what I'm about to
714 |713 |01:09:49 ~-~-> 01:09:54 |say, and go back into your old data, your old charts, your old setups where
715 |714 |01:09:54 ~-~-> 01:09:58 |you lost money, you're gonna see that it was not there. And then that's the
716 |715 |01:09:58 ~-~-> 01:10:03 |reason why you lost That's how I discovered it. I looked at everything
717 |716 |01:10:03 ~-~-> 01:10:10 |that I was doing with real money. And the things that constant kept repeating.
718 |717 |01:10:11 ~-~-> 01:10:15 |Because I wanted them, I wasn't trying to hide myself from it, I wasn't trying
719 |718 |01:10:15 ~-~-> 01:10:18 |to shield my eye and say, Oh, I made a mistake, let me pretend it's not
720 |719 |01:10:18 ~-~-> 01:10:22 |happening and find fault with everything else except for myself. Now, there's a
721 |720 |01:10:22 ~-~-> 01:10:26 |period of time when I was like that, but when I realized that this was never
722 |721 |01:10:26 ~-~-> 01:10:31 |going to let me go, I was infected with these things, these markets, so I have
723 |722 |01:10:31 ~-~-> 01:10:35 |to either learn to live with them productively and profitably, or I'm
724 |723 |01:10:35 ~-~-> 01:10:40 |going to live a miserable existence, not being able to figure out anything to do
725 |724 |01:10:40 ~-~-> 01:10:47 |anything with it. So my observations were, every time that I wanted to be a
726 |725 |01:10:47 ~-~-> 01:10:51 |buyer or seller when I finally figured out short selling, because it took me a
727 |726 |01:10:51 ~-~-> 01:10:56 |long time to trust doing that. If I was going against what I'm about to outline
728 |727 |01:10:56 ~-~-> 01:11:06 |here, I think. So it goes without saying if I can see where I was making these
729 |728 |01:11:06 ~-~-> 01:11:11 |problematic areas that were causing me to lose my accounts, not just losing
730 |729 |01:11:11 ~-~-> 01:11:18 |trades, blowing the accounts, because I would be over leveraging, placing
731 |730 |01:11:18 ~-~-> 01:11:25 |Olympic level results and required them to be perfect. You've been there before,
732 |731 |01:11:26 ~-~-> 01:11:31 |you're placing all the hopes and dreams on one trade execution, this is going to
733 |732 |01:11:31 ~-~-> 01:11:36 |pass my funded account, I'm gonna get a payout on this first trade with my first
734 |733 |01:11:36 ~-~-> 01:11:44 |day, my first hour with my funded account, and you blood. That's how I
735 |734 |01:11:44 ~-~-> 01:11:48 |treated as a 20 year old, because I needed to get out of the life I was it,
736 |735 |01:11:48 ~-~-> 01:11:54 |I hated it. I hated on this four hour chart, that original consolidation
737 |736 |01:11:54 ~-~-> 01:12:00 |between the 27th of September on the four hour and the October 4, low in the
738 |737 |01:12:00 ~-~-> 01:12:07 |high on the 29th of September. You want to draw a rectangle on that. That
739 |738 |01:12:07 ~-~-> 01:12:15 |trading range, okay? That trading range is something that the algorithm will
740 |739 |01:12:15 ~-~-> 01:12:26 |reprice back below. It'll reach down below that. Not all the time. Sometimes
741 |740 |01:12:26 ~-~-> 01:12:31 |you'll see it in the chart, sometimes the market will just deny that. And
742 |741 |01:12:31 ~-~-> 01:12:36 |that's why you have to use a stoploss. That's the time that you as the human
743 |742 |01:12:36 ~-~-> 01:12:41 |will err, you will make the mistake in believing that it will yield itself to
744 |743 |01:12:41 ~-~-> 01:12:47 |you. And it won't he'll get real close to it and stop. Perfect example. No,
745 |744 |01:12:48 ~-~-> 01:12:52 |don't change the chart stay on this four hour chart for NASDAQ. But I shared
746 |745 |01:12:52 ~-~-> 01:12:57 |openly what I felt that the gold market might do. And I felt that it could go
747 |746 |01:12:57 ~-~-> 01:13:01 |for those relatively equal lows and went down to a target that I mentioned but I
748 |747 |01:13:01 ~-~-> 01:13:06 |still cosign I said me personally it would be reasonable to see it sleep
749 |748 |01:13:06 ~-~-> 01:13:12 |bloating to the cell phone. It didn't do that. It vaulted higher. And then in the
750 |749 |01:13:12 ~-~-> 01:13:17 |analysis I gave him a weak acid it would run for the ISI and sort of fell a bit
751 |750 |01:13:17 ~-~-> 01:13:25 |said limit money feed ICT though short gold. How about that baby? Got your ass
752 |751 |01:13:25 ~-~-> 01:13:30 |toasted, didn't you? Oh, I love it. I'm gonna miss that much. I'm gonna miss
753 |752 |01:13:30 ~-~-> 01:13:35 |that so much and Twitter. Something you get through your phone's blown out
754 |753 |01:13:35 ~-~-> 01:13:40 |right? Now drive, maybe sometimes it's gonna have I've been talking long
755 |754 |01:13:40 ~-~-> 01:13:44 |enough, okay, I've been talking long enough and swing the other direction,
756 |755 |01:13:44 ~-~-> 01:13:48 |right? But that original consolidation between the 27th of September and
757 |756 |01:13:48 ~-~-> 01:13:54 |October 4 Low that consolidation tree dates and engineers sell side liquidity
758 |757 |01:13:54 ~-~-> 01:14:00 |or sell stops below those relatively equal lows. Okay. And if we're expecting
759 |758 |01:14:00 ~-~-> 01:14:07 |price to go up to some premium array, some reason to go up. Okay. Now I'm
760 |759 |01:14:07 ~-~-> 01:14:14 |going to use very specific generic retail terms. So that way we can talk
761 |760 |01:14:14 ~-~-> 01:14:17 |because I don't know what level of experience you have with me. I don't
762 |761 |01:14:17 ~-~-> 01:14:21 |know if you're watching this on YouTube. And you found somebody that's taking my
763 |762 |01:14:21 ~-~-> 01:14:24 |Twitter spaces, I don't have a problem with them doing it. I just don't want
764 |763 |01:14:24 ~-~-> 01:14:28 |you taking my analysis or teaching videos and putting them up on your
765 |764 |01:14:28 ~-~-> 01:14:32 |YouTube channel because i will tell your whole channel bam. And I've done a few
766 |765 |01:14:32 ~-~-> 01:14:34 |of them is you're about to lose somebody you're going to lose your channel
767 |766 |01:14:34 ~-~-> 01:14:38 |because you're monetizing my videos. I don't go for that and I'm going to take
768 |767 |01:14:38 ~-~-> 01:14:41 |your shit down if you do it. And no, don't email me and ask me to take away
769 |768 |01:14:41 ~-~-> 01:14:47 |the copyright because I won't. If you think the marks gonna go up to some
770 |769 |01:14:48 ~-~-> 01:14:52 |retail retail resistance level to offer a shorting opportunity. I don't
771 |770 |01:14:52 ~-~-> 01:14:56 |subscribe to that. Okay, I don't view the market like that. I believe the
772 |771 |01:14:56 ~-~-> 01:15:04 |markets going up to a premium specific premium pdra imbalance or liquidity
773 |772 |01:15:04 ~-~-> 01:15:10 |above where the original consolidation is trading. Okay, so we're expecting
774 |773 |01:15:10 ~-~-> 01:15:18 |price to go up to go lower. Where should it go to, on the basis of declining rate
775 |774 |01:15:18 ~-~-> 01:15:23 |below, there's relatively close at September 27, and October 4 respective
776 |775 |01:15:23 ~-~-> 01:15:29 |lows, that liquidity below there, they're going to want to engage that it
777 |776 |01:15:29 ~-~-> 01:15:33 |might not do it. But I believe we're going to get down and open below that on
778 |777 |01:15:33 ~-~-> 01:15:39 |Sunday. I believe that's what we're doing. Or we're going to open up lower,
779 |778 |01:15:39 ~-~-> 01:15:44 |fancy dance around the open Sunday, and then reach quickly down below those
780 |779 |01:15:44 ~-~-> 01:15:48 |lows, one of the two things are going to happen. I personally want to see a gap
781 |780 |01:15:48 ~-~-> 01:15:53 |way down here and open below it. That's what I want to see. Now what I want to
782 |781 |01:15:53 ~-~-> 01:15:57 |see is irrelevant. What I want to see should have no relevance over your
783 |782 |01:15:57 ~-~-> 01:16:02 |trading and your trade decisions. But my experience, would I want to see as a
784 |783 |01:16:02 ~-~-> 01:16:06 |trader, what I want to see as an analyst, what I would expect that
785 |784 |01:16:06 ~-~-> 01:16:09 |something's going to happen today or has happened. And we don't know, because the
786 |785 |01:16:09 ~-~-> 01:16:13 |internet's down in Gaza, in northern Gaza, there can be all kinds of
787 |786 |01:16:13 ~-~-> 01:16:18 |atrocities being done. Some kinds of escalation, do we have Sunday snail
788 |787 |01:16:18 ~-~-> 01:16:24 |before no opening. Lot of things can happen. Shocking Things can happen. And
789 |788 |01:16:24 ~-~-> 01:16:30 |we're in that climate where things like that can occur. So the central banks
790 |789 |01:16:30 ~-~-> 01:16:37 |will use that sentiment, that shift in fear, which I'm not fear monger, I'm
791 |790 |01:16:37 ~-~-> 01:16:41 |telling you how to master yourself in these environments, I'm not teaching you
792 |791 |01:16:41 ~-~-> 01:16:47 |to be fearful that the boogeyman is gonna get you. So I blocked people that
793 |792 |01:16:47 ~-~-> 01:16:50 |do that. And they say, I'm fear mongering on Twitter, you're a fucking
794 |793 |01:16:50 ~-~-> 01:16:53 |asshole, get the fuck out of here. I don't want to hear from you. And I don't
795 |794 |01:16:53 ~-~-> 01:16:58 |want to see your tweets, go talk that bullshit somewhere else. I'm teaching
796 |795 |01:16:58 ~-~-> 01:17:02 |you how not to be fearful these things I can't change, then you're not going to
797 |796 |01:17:02 ~-~-> 01:17:04 |change them, you're not going to stop that war, America is not going to stop
798 |797 |01:17:04 ~-~-> 01:17:08 |that war. Israel is not going to talk nicely and say, Okay, we overstepped our
799 |798 |01:17:08 ~-~-> 01:17:11 |boundaries. And you know, the Palestinians are like, Okay, we forgive
800 |799 |01:17:11 ~-~-> 01:17:15 |you. And the Palestinians are not going to accept Israel in any capacity. So
801 |800 |01:17:15 ~-~-> 01:17:19 |there's no solution. So we all have to deal with it, every nation is gonna have
802 |801 |01:17:19 ~-~-> 01:17:22 |to deal with it, the market is going to use it as a sentiment, but it's going to
803 |802 |01:17:22 ~-~-> 01:17:26 |cause all kinds of, you know, ramping up in volatility. So you have one or two
804 |803 |01:17:26 ~-~-> 01:17:31 |choices, don't treat it all, or learn how to navigate it. And I'm teaching you
805 |804 |01:17:31 ~-~-> 01:17:34 |how to navigate it. You don't have to like or even subscribe to the things I'm
806 |805 |01:17:34 ~-~-> 01:17:37 |teaching, but don't come to my fucking shit if you're not trying to learn
807 |806 |01:17:37 ~-~-> 01:17:39 |because you're wasting your time. So you got to see something that's offensive
808 |807 |01:17:39 ~-~-> 01:17:42 |that I know that you're not trying to learn. I'm going to tell you Pouncy and
809 |808 |01:17:42 ~-~-> 01:17:46 |get the fuck out of here. So I'm not fear mongering nothing. But I want to
810 |809 |01:17:46 ~-~-> 01:17:50 |see it gapped down below. There's relative equal lows on Sunday, because
811 |810 |01:17:51 ~-~-> 01:17:57 |it will be a confirmation that we're going deeper into that daily bias and
812 |811 |01:17:57 ~-~-> 01:17:57 |amounts.
813 |812 |01:17:59 ~-~-> 01:18:02 |Remember, I was highlighting that a month and a half ago about that there's
814 |813 |01:18:02 ~-~-> 01:18:09 |going to be the quarterly shift target. And Thanksgiving at OSHA, I think, if
815 |814 |01:18:09 ~-~-> 01:18:14 |I'm, if I'm correct, and I am 51. Now, so that might be having a senior moment.
816 |815 |01:18:14 ~-~-> 01:18:17 |But don't take my word for what I'm about to say go back and listen to the
817 |816 |01:18:17 ~-~-> 01:18:21 |analysis. Go back and read the tweets. I'm not getting any money for you
818 |817 |01:18:21 ~-~-> 01:18:27 |looking at old tweets. I believe that today I stated that NASDAQ by
819 |818 |01:18:27 ~-~-> 01:18:32 |Thanksgiving, we should be down there in that bison imbalance on this daily
820 |819 |01:18:32 ~-~-> 01:18:40 |chart. Well, we're a little bit midpoint past midpoint of October. We have a
821 |820 |01:18:40 ~-~-> 01:18:46 |couple of weeks, a lot of things to happen between now and Thanksgiving. And
822 |821 |01:18:46 ~-~-> 01:18:54 |we're fastly approaching those relative equal lows on the daily chart on s&p,
823 |822 |01:18:55 ~-~-> 01:18:59 |and NASDAQ. There's real liquidity down there. The folks that thought that that
824 |823 |01:18:59 ~-~-> 01:19:06 |October low that follow is in. I told everybody there's no reason to own
825 |824 |01:19:07 ~-~-> 01:19:11 |equities. There's no reason to own stocks. And where's the clowns that
826 |825 |01:19:11 ~-~-> 01:19:14 |we're talking some shit. It's getting? You're getting eviscerated right now.
827 |826 |01:19:16 ~-~-> 01:19:22 |That October low to me was suspect it was like a fake trust it. And how do
828 |827 |01:19:22 ~-~-> 01:19:34 |they make you trust it putting in fake pseudo support double bottoms? Well, if
829 |828 |01:19:34 ~-~-> 01:19:38 |you look inside that consolidation, go to the right of it, you're going to see
830 |829 |01:19:38 ~-~-> 01:19:45 |that there is on your four hour chart. The 10am of October 6, it's Friday.
831 |830 |01:19:46 ~-~-> 01:19:55 |There's a fair value gap there. In that fear of a gap, extend that over to the
832 |831 |01:19:55 ~-~-> 01:20:05 |right to the right of the highest forms. On October 12, all of this discussion is
833 |832 |01:20:05 ~-~-> 01:20:10 |germane to the four hour chart of NASDAQ. And you might think, or might be
834 |833 |01:20:10 ~-~-> 01:20:16 |thinking yourself, and I trade Eurodollar you can offer this stuff.
835 |834 |01:20:16 ~-~-> 01:20:19 |Talk about Europe. No, I know. What I'm talking about here applies to every
836 |835 |01:20:19 ~-~-> 01:20:24 |other asset class. It's not limited to just this. This is what price is doing.
837 |836 |01:20:24 ~-~-> 01:20:29 |I'm trying to teach you to learn how to trust the language I've been using.
838 |837 |01:20:29 ~-~-> 01:20:34 |There's a thing that constantly reoccurs over and over and over again, and it's
839 |838 |01:20:34 ~-~-> 01:20:39 |the repricing to liquidity or repricing to inefficiencies. That's the market
840 |839 |01:20:39 ~-~-> 01:20:43 |truism. That's the truth, it has absolutely nothing to do with the amount
841 |840 |01:20:43 ~-~-> 01:20:46 |of buying and selling pressure. It doesn't lean on the logic of anything
842 |841 |01:20:46 ~-~-> 01:20:51 |else out there. That's all the markets doing. It's not doing that it's
843 |842 |01:20:51 ~-~-> 01:20:55 |consolidating. In the rare instances, and we're probably gonna see more of
844 |843 |01:20:55 ~-~-> 01:20:58 |these instances start popping up here in the coming weeks and months, you're
845 |844 |01:20:58 ~-~-> 01:21:02 |going to see manual intervention, we're going to see the sudden, where did that
846 |845 |01:21:02 ~-~-> 01:21:12 |come from? Perfect example. Last week, look at your Japanese yen. In seconds,
847 |846 |01:21:12 ~-~-> 01:21:20 |it moved 100 pips and then erased it. It looked like it was a data error. Like
848 |847 |01:21:20 ~-~-> 01:21:23 |what is this, then you go across all the brokers and they all had the same thing.
849 |848 |01:21:25 ~-~-> 01:21:28 |So I tell you, I don't trade yen, I do not trade that currency, because it's
850 |849 |01:21:28 ~-~-> 01:21:34 |absolutely highly manipulated, Swiss franc is to, and gold is equivalent to
851 |850 |01:21:34 ~-~-> 01:21:44 |that. It's event driven market. But in wartime scenarios, you know, you can see
852 |851 |01:21:44 ~-~-> 01:21:50 |gold moving around a lot. But that's fair value. Got it. As mentioned before,
853 |852 |01:21:50 ~-~-> 01:21:57 |I tried to extend them to the right. It's going to behave like a point of
854 |853 |01:22:00 ~-~-> 01:22:05 |magnetism, it's, it's going to draw price into it again, it's going to act
855 |854 |01:22:05 ~-~-> 01:22:14 |as a means of collecting interest, pooling interest into that range of that
856 |855 |01:22:14 ~-~-> 01:22:21 |fair value. On the basis of an inversion theoretical. Now, if you have been
857 |856 |01:22:21 ~-~-> 01:22:27 |listening to these long winded rants and dry conversations, not overcharged, but
858 |857 |01:22:27 ~-~-> 01:22:32 |in Twitter spaces. If I was a college professor, and I was teaching a lecture,
859 |858 |01:22:32 ~-~-> 01:22:36 |and you paid for this course, because it was part of your major, and you actively
860 |859 |01:22:36 ~-~-> 01:22:40 |wanted to learn, you would be literally writing down everything that I'd be
861 |860 |01:22:40 ~-~-> 01:22:45 |talking about, because you want to you want to maximize the time with this
862 |861 |01:22:45 ~-~-> 01:22:49 |professor or this teacher and a lecturer. When I sit down with these
863 |862 |01:22:49 ~-~-> 01:22:52 |Twitter spaces, I'm not here twiddling my thumbs and talking for the sake of
864 |863 |01:22:52 ~-~-> 01:22:57 |human voice, I'm telling you the things that you should be listening for. And
865 |864 |01:22:57 ~-~-> 01:23:04 |I'm writing them down. Like I'm gonna say here. If I see a PD array that my
866 |865 |01:23:04 ~-~-> 01:23:10 |interest is in, and I expect it in its will, it's usually willing to go back up
867 |866 |01:23:10 ~-~-> 01:23:18 |to it if I'm bearish if it trades up to a fair Vega. Okay, does that fair value
868 |867 |01:23:18 ~-~-> 01:23:22 |gap, create the continuation of the theory that I think that the market will
869 |868 |01:23:22 ~-~-> 01:23:28 |go lower? Or is it performing inside that fair value gap and overshooting and
870 |869 |01:23:28 ~-~-> 01:23:35 |closing above it? There's a decision to be made there. But what happens and what
871 |870 |01:23:35 ~-~-> 01:23:45 |can I say if a PV array can't be even reached? If you can't reach it, and
872 |871 |01:23:45 ~-~-> 01:23:50 |you're bearish, and it's, it's going up, but it doesn't get there it just fall
873 |872 |01:23:50 ~-~-> 01:23:55 |short of it. And then all of a sudden starts telling you what order flow is
874 |873 |01:23:55 ~-~-> 01:24:00 |heavy. And once they go lower. What does that mean? That means it's decidedly
875 |874 |01:24:00 ~-~-> 01:24:06 |weak. It can't even get back to an emergent fair value gap. So if we can't
876 |875 |01:24:06 ~-~-> 01:24:12 |accomplish that, we're really heavy, really heavy. And late in the afternoon,
877 |876 |01:24:12 ~-~-> 01:24:17 |yesterday, around 130. I was looking at rally I was like, Okay, I know this is
878 |877 |01:24:18 ~-~-> 01:24:25 |I'm shorting that. I shorted it into a breaker. I'll show you in the review on
879 |878 |01:24:25 ~-~-> 01:24:32 |Sunday, but I was using a breaker as the basis of it. And then I pyramid it into
880 |879 |01:24:32 ~-~-> 01:24:40 |it and then create a new lower peer value gap. I traded into the return of
881 |880 |01:24:40 ~-~-> 01:24:45 |an impulse leg lower. I was trading that first return in which I knew was
882 |881 |01:24:45 ~-~-> 01:24:48 |probably going to be a fair value gap. And then I went into it again and added
883 |882 |01:24:48 ~-~-> 01:24:53 |more and then I didn't get that sellside delivery. I really was expecting it to
884 |883 |01:24:53 ~-~-> 01:24:57 |do it after four o'clock like celery, another 100 handles, which would have
885 |884 |01:24:57 ~-~-> 01:24:59 |been like Wow, did you see what I was waiting to see that and everybody's
886 |885 |01:24:59 ~-~-> 01:25:03 |tweets like where that comes from. And then I would have been sliding in and
887 |886 |01:25:03 ~-~-> 01:25:08 |saying, check this out. But it didn't do it either way, you know, it was a matter
888 |887 |01:25:08 ~-~-> 01:25:12 |of me being able to use information I'm gonna be teaching you, that is in the
889 |888 |01:25:12 ~-~-> 01:25:19 |marketplace, every single week, it's there. Every timeframe, it's new. But I
890 |889 |01:25:19 ~-~-> 01:25:28 |like a second stage redistribution on a market maker sell model. And or, I like
891 |890 |01:25:28 ~-~-> 01:25:34 |a second stage re accumulation in a market maker by model. Now, I'm not
892 |891 |01:25:34 ~-~-> 01:25:39 |gonna be final my market make your buying model as a reverse of this. So
893 |892 |01:25:39 ~-~-> 01:25:42 |the market would be creating consolidation, dropping down into a
894 |893 |01:25:42 ~-~-> 01:25:46 |discount just simply to go higher to go above the original consolidation. Here,
895 |894 |01:25:46 ~-~-> 01:25:51 |on this four hour chart, the structure is a four hour market maker Salmo. Now,
896 |895 |01:25:51 ~-~-> 01:25:55 |if you look at the the high formed on
897 |896 |01:26:02 ~-~-> 01:26:07 |October 12, and on your for our chart, it should be your 10am candle, that is a
898 |897 |01:26:07 ~-~-> 01:26:17 |smart money reversal. And then you can see the low risk short forms on the
899 |898 |01:26:18 ~-~-> 01:26:23 |October 13 6am candle. And it's trading right up into the fair value get that
900 |899 |01:26:23 ~-~-> 01:26:32 |formed October 12, at 10am on that candle, and then we had the first stage
901 |900 |01:26:32 ~-~-> 01:26:39 |distribution on October 16, which is the 2pm candle. All of this is relative and
902 |901 |01:26:39 ~-~-> 01:26:45 |germane to the four hour chart still. And then we had a lot of consolidation
903 |902 |01:26:45 ~-~-> 01:26:49 |in there. And then finally a dove down. And then we have the second stage
904 |903 |01:26:49 ~-~-> 01:27:00 |redistribution at 10am. Thursday, October 19. And that leg blower did not
905 |904 |01:27:00 ~-~-> 01:27:05 |trade. It did not trade below the original consolidation of the October
906 |905 |01:27:05 ~-~-> 01:27:11 |27. I'm sorry, it's September 27. Low and October 4 Well, so there's still
907 |906 |01:27:11 ~-~-> 01:27:16 |room and opportunity to see that expansion lower. And I saw the afternoon
908 |907 |01:27:16 ~-~-> 01:27:24 |rally going into 130, what's at 130? What do I teach you about 130 I'll give
909 |908 |01:27:24 ~-~-> 01:27:34 |me a minute to drink. 130 ends of the lunch hour macro. It's like whatever is
910 |909 |01:27:34 ~-~-> 01:27:41 |gonna happen in lunch. It ends at 130. So I can take the trade and I start
911 |910 |01:27:41 ~-~-> 01:27:46 |observing with time that start telling you that I observed the pm session 130.
912 |911 |01:27:47 ~-~-> 01:27:54 |Why? Because it ends at 130. But there's still a lot, nobody takes a lunch RTT
913 |912 |01:27:56 ~-~-> 01:28:05 |the markets are run on this idea. It's all controlled. There's a time and
914 |913 |01:28:05 ~-~-> 01:28:11 |schedule for all these things to occur. And when that market was rallying in the
915 |914 |01:28:11 ~-~-> 01:28:17 |afternoon, after lunch yesterday, it trades up until a breaker that was the
916 |915 |01:28:17 ~-~-> 01:28:22 |draw for it. And then it rotates lower and gives you everything you would
917 |916 |01:28:22 ~-~-> 01:28:27 |expect to see form. If it's going to drop this acceleration down creates a
918 |917 |01:28:27 ~-~-> 01:28:30 |fair value gap in the form of a city sells on the balance by center
919 |918 |01:28:30 ~-~-> 01:28:33 |efficiency, then it trades up into that offering what an opportunity to be short
920 |919 |01:28:33 ~-~-> 01:28:38 |again, if you miss it, and write it going into the last hour of trading. And
921 |920 |01:28:38 ~-~-> 01:28:45 |this hold for these lows here on the September 27. And October 4 respective
922 |921 |01:28:45 ~-~-> 01:28:50 |for our lows. I don't think it's going to just go there and stop. I think it's
923 |922 |01:28:50 ~-~-> 01:28:54 |going to dig next week deeper into that daily bias and analysis on efficiency.
924 |923 |01:28:55 ~-~-> 01:28:58 |That quarterly shift target I gave you a month and a half ago, when we were
925 |924 |01:28:58 ~-~-> 01:29:05 |trading up everybody else has seen is going higher. It's going to keep going
926 |925 |01:29:05 ~-~-> 01:29:08 |higher. I see I'm gonna bet you there's going to be higher, where are you at
927 |926 |01:29:08 ~-~-> 01:29:17 |now. You blocked me, that's where you're heading. All these things is a tapestry
928 |927 |01:29:18 ~-~-> 01:29:24 |that requires you to spend time learning this language, sitting with me observing
929 |928 |01:29:24 ~-~-> 01:29:29 |it, and not trying to rush out there to get money. And because things are
930 |929 |01:29:29 ~-~-> 01:29:33 |expensive, they're getting more expensive. You're all going to hang on
931 |930 |01:29:33 ~-~-> 01:29:38 |the words that I tell you. And you're gonna use that as a catalyst to get into
932 |931 |01:29:38 ~-~-> 01:29:42 |a trade that I did not tell you to take. And that's what I think about more than
933 |932 |01:29:42 ~-~-> 01:29:47 |anything anymore now because there's so many of you. It's very intimidating for
934 |933 |01:29:47 ~-~-> 01:29:52 |me, because I don't sound like an introvert when I'm talking to you like
935 |934 |01:29:52 ~-~-> 01:29:58 |this. Because I'm shielded. I'm in my little bubble here. I'm comfortable. I'm
936 |935 |01:29:58 ~-~-> 01:30:04 |in my own space. But I would not talk to you this way, if we were in a group
937 |936 |01:30:04 ~-~-> 01:30:11 |setting. On this gonna be a big drop for you because I don't think it's
938 |937 |01:30:11 ~-~-> 01:30:17 |disrespectful, Tom who guard has been trying very hard to get me to go over
939 |938 |01:30:18 ~-~-> 01:30:26 |and be a part of his his venues. And number one, I don't fly to that I just I
940 |939 |01:30:26 ~-~-> 01:30:32 |don't feel that travels a good thing for right now. And my wife simply wasn't
941 |940 |01:30:32 ~-~-> 01:30:37 |going for it. So now because he doesn't trust me this he's like, Nah, that's not
942 |941 |01:30:37 ~-~-> 01:30:46 |do that. But the predominant thing was, I would not feel comfortable. And I told
943 |942 |01:30:46 ~-~-> 01:30:51 |him, the time I said, I'm just not comfortable in that setting. Like, I'm
944 |943 |01:30:51 ~-~-> 01:30:55 |not comfortable. And I had lots of people asking me for interviews, sit
945 |944 |01:30:55 ~-~-> 01:31:03 |down in front of, you know, a nice studio setting, and have a real good
946 |945 |01:31:03 ~-~-> 01:31:08 |discussion about what I'm teaching, what I've done, what my vision of the future
947 |946 |01:31:08 ~-~-> 01:31:14 |is for what it's I've shared, and or just have that first, in depth face to
948 |947 |01:31:14 ~-~-> 01:31:19 |face, you can probably ask all the questions that you want to ask me. I'm
949 |948 |01:31:19 ~-~-> 01:31:24 |just not comfortable with that. And it took a lot of confidence that courts
950 |949 |01:31:24 ~-~-> 01:31:29 |will be respectful. And he had this disposition and demeanor that I felt was
951 |950 |01:31:29 ~-~-> 01:31:35 |appropriate. And I gave him the least of everyone on the YouTube community, the
952 |951 |01:31:35 ~-~-> 01:31:39 |person I would sit down and just talk openly with. And I was very
953 |952 |01:31:39 ~-~-> 01:31:45 |uncomfortable in that conversation still to. And there were things that we talked
954 |953 |01:31:45 ~-~-> 01:31:51 |about that I asked him to the minute I asked him to take those things out. But
955 |954 |01:31:51 ~-~-> 01:31:58 |I was being considered to him and the questions he asked, I answered. But
956 |955 |01:31:58 ~-~-> 01:32:03 |those questions I've already answered publicly anyway. I've already stated all
957 |956 |01:32:03 ~-~-> 01:32:12 |these things before. But I am absolutely introverted. And I feel empowered, I
958 |957 |01:32:12 ~-~-> 01:32:19 |guess, in a way in the solitude in this medium like this, it allows me to be
959 |958 |01:32:19 ~-~-> 01:32:24 |something I wouldn't otherwise be able to do in front of a large group of
960 |959 |01:32:24 ~-~-> 01:32:31 |people because it's intimidating, to be in front of other people. Not because
961 |960 |01:32:31 ~-~-> 01:32:36 |this stuff doesn't work not because I don't think that, you know, I could do
962 |961 |01:32:36 ~-~-> 01:32:43 |it, I just don't feel comfortable doing it. I'm real wordy in long winded like
963 |962 |01:32:43 ~-~-> 01:32:46 |this, because I'm trying very hard to articulate something I want you to
964 |963 |01:32:46 ~-~-> 01:32:53 |understand. I'm observant, that some of you want it done quicker and shorter.
965 |964 |01:32:53 ~-~-> 01:32:59 |But I'm also a realist. And I'm also aware that what you're asking can't be
966 |965 |01:32:59 ~-~-> 01:33:04 |delivered. You can't learn this stuff in five minutes, short little trainers, it
967 |966 |01:33:04 ~-~-> 01:33:08 |would take millions of them. And you still would be doing what I'm trying to
968 |967 |01:33:08 ~-~-> 01:33:12 |do anyway, which is called data, the idea that you have to be patient, and
969 |968 |01:33:12 ~-~-> 01:33:17 |you're going to learn in your own pace. You're going to learn in your own
970 |969 |01:33:17 ~-~-> 01:33:20 |comfort, you're gonna discover what makes you uncomfortable, and what makes
971 |970 |01:33:20 ~-~-> 01:33:26 |you comfortable. And you want your learning to be very comfortable. And as
972 |971 |01:33:26 ~-~-> 01:33:30 |an educator, I have to be comfortable. Otherwise, I'm not going to give you my
973 |972 |01:33:30 ~-~-> 01:33:37 |best. If I'm like I discovered when I did my first year mentorship, and I had
974 |973 |01:33:37 ~-~-> 01:33:44 |165 people. That was the first round entry of what came in. And I had
975 |974 |01:33:44 ~-~-> 01:33:50 |GoToWebinar. And all 165 of those individuals was asking me something
976 |975 |01:33:51 ~-~-> 01:33:55 |right then and there. And the weight of me not being able to answer every single
977 |976 |01:33:55 ~-~-> 01:34:01 |person hitting like a ton of bricks. I'm like, wow. Like, how am I going to
978 |977 |01:34:01 ~-~-> 01:34:06 |answer all of this? And how can I manage their expectations when they all feel
979 |978 |01:34:06 ~-~-> 01:34:12 |like they deserve? And they did they do deserve? To have their question fielded
980 |979 |01:34:12 ~-~-> 01:34:17 |by me. But you'd also be surprised to see how many of them were just the
981 |980 |01:34:17 ~-~-> 01:34:23 |rewording of the same questions. And that's why I tell all you, I promise you
982 |981 |01:34:23 ~-~-> 01:34:26 |because I've been doing this enough time now even before 2016 I already know what
983 |982 |01:34:26 ~-~-> 01:34:30 |questions you're gonna ask. Are, you know, what you're wanting to know are
984 |983 |01:34:30 ~-~-> 01:34:33 |you know what you feel like is a problem for you right now. But it really isn't a
985 |984 |01:34:33 ~-~-> 01:34:37 |problem. But you're not willing to listen to these discussions where I'm
986 |985 |01:34:37 ~-~-> 01:34:41 |willing to sit down with you spend my personal time that says this is
987 |986 |01:34:41 ~-~-> 01:34:47 |expensive for me. I can be doing lots of other things right now. I don't have to
988 |987 |01:34:47 ~-~-> 01:34:51 |be doing this weekend. I'm choosing to do this because I care I want to see you
989 |988 |01:34:51 ~-~-> 01:34:58 |succeed. I want to see you do well. But I also want to do the best as an
990 |989 |01:34:58 ~-~-> 01:35:02 |educator, and I don't want to have Fast anything. So when I try to teach
991 |990 |01:35:02 ~-~-> 01:35:06 |something, I go into all the little subtle nuances that are going to be
992 |991 |01:35:06 ~-~-> 01:35:09 |impactful, even though you may not appreciate it at the time, because you
993 |992 |01:35:09 ~-~-> 01:35:13 |think it's extra, it's fluff. It's not fluff, it's something that's going to be
994 |993 |01:35:13 ~-~-> 01:35:17 |paramount to you. Because at some point, you're going to try to implement this
995 |994 |01:35:17 ~-~-> 01:35:21 |information, you're gonna get a do it with a live account, a funded account,
996 |995 |01:35:21 ~-~-> 01:35:25 |combine or funded account, or a demo that you have a whole lot of hopes and
997 |996 |01:35:26 ~-~-> 01:35:30 |you set goals, if it does different, I'm going to move to a funded account, or
998 |997 |01:35:30 ~-~-> 01:35:34 |I'm going to go to a live account if it performs well in this demo account. But
999 |998 |01:35:34 ~-~-> 01:35:37 |you're not going to have all the information, because you want to just
1000 |999 |01:35:37 ~-~-> 01:35:42 |pick and choose and have selective understanding, you want to go to
1001 |1000 |01:35:42 ~-~-> 01:35:45 |somebody else that's trying to teach my son, my subject matter.
1002 |1001 |01:35:54 ~-~-> 01:36:01 |I don't know how else to say it, then it's going to take you longer. And I've
1003 |1002 |01:36:01 ~-~-> 01:36:04 |done everything I could over the years to try to simplify something that's
1004 |1003 |01:36:04 ~-~-> 01:36:09 |very, very complex. If these markets are, in fact, ran by an algorithm, and
1005 |1004 |01:36:09 ~-~-> 01:36:13 |I'm framing that in the argument, the people that don't want to believe it, if
1006 |1005 |01:36:13 ~-~-> 01:36:23 |they are, wouldn't it require a great deal of theory to be understood? On what
1007 |1006 |01:36:23 ~-~-> 01:36:28 |basis do they implement, the price runs higher and lower? And when would they
1008 |1007 |01:36:28 ~-~-> 01:36:33 |consolidate and frustrate you and not present opportunities when other people
1009 |1008 |01:36:33 ~-~-> 01:36:36 |might see something and try and say, oh, there's something there and they get
1010 |1009 |01:36:36 ~-~-> 01:36:42 |whipsawed and chopped up. I'm sharing that with you, I'm telling you when to
1011 |1010 |01:36:42 ~-~-> 01:36:47 |see the markets in, it's going to be problematic. There might be
1012 |1011 |01:36:47 ~-~-> 01:36:52 |opportunities there. But it won't be easy, because there's going to be high
1013 |1012 |01:36:52 ~-~-> 01:36:55 |resistance. And it still might go to where you think it's gonna go. But it
1014 |1013 |01:36:55 ~-~-> 01:36:59 |won't be a clean one single run to it. And I'm teaching you how to identify
1015 |1014 |01:36:59 ~-~-> 01:37:04 |that. That's what you want to be pursuing. But those runs don't happen
1016 |1015 |01:37:04 ~-~-> 01:37:12 |every single day. Those low resistance liquidity runs do not happen every day.
1017 |1016 |01:37:16 ~-~-> 01:37:21 |price fluctuates, yes, price runs for liquidity each day. It runs for
1018 |1017 |01:37:21 ~-~-> 01:37:26 |inefficiencies each day. But on the basis of how they do that, there's a
1019 |1018 |01:37:26 ~-~-> 01:37:30 |differentiation between a high resistance run where it will run a
1020 |1019 |01:37:30 ~-~-> 01:37:35 |little bit, pullback consolidate, run a little bit, pullback, consolidate, deep
1021 |1020 |01:37:35 ~-~-> 01:37:40 |retracement, go up a little bit more, not go to where you think it's gonna go.
1022 |1021 |01:37:40 ~-~-> 01:37:44 |And then retrace even further run where your stop losses is going to be and then
1023 |1022 |01:37:44 ~-~-> 01:37:48 |run there. That's high resistance. If you're just now learning how to trade
1024 |1023 |01:37:48 ~-~-> 01:37:52 |using what I'm teaching, you'll fall victim to that and think that none of
1025 |1024 |01:37:52 ~-~-> 01:37:55 |this works. And you'll quit because you don't have the experience or the
1026 |1025 |01:37:56 ~-~-> 01:38:02 |backdrop of having back tests and seeing this happen sometimes. And that's why I
1027 |1026 |01:38:02 ~-~-> 01:38:06 |teach the way I do because I want you to identify the characteristics that create
1028 |1027 |01:38:06 ~-~-> 01:38:10 |those environments, that's gonna be high resistance, not for the sake of, you
1029 |1028 |01:38:10 ~-~-> 01:38:14 |know, telling you not to trade, when there's Joe Blow down the street is
1030 |1029 |01:38:14 ~-~-> 01:38:18 |telling you, here's what I can do. And this is what I've done, this is what my
1031 |1030 |01:38:18 ~-~-> 01:38:24 |students did, okay, I get students that get lucky, doing something that I would
1032 |1031 |01:38:24 ~-~-> 01:38:29 |have never told them to engage in. And they think that that was experience
1033 |1032 |01:38:29 ~-~-> 01:38:35 |using something. But I'm not going to shoot down their inspiration. If they're
1034 |1033 |01:38:35 ~-~-> 01:38:38 |motivated by that. I'm not going to talk that down. But I've seen many of my
1035 |1034 |01:38:38 ~-~-> 01:38:41 |students come forward and say, Look at this, I did this and do this. I'm like,
1036 |1035 |01:38:42 ~-~-> 01:38:49 |Okay, I know enough to know what you're thinking you saw there was the valid
1037 |1036 |01:38:49 ~-~-> 01:38:58 |pursuit of that move. But for me to say that would deflate them. So I don't do
1038 |1037 |01:38:58 ~-~-> 01:39:02 |that. And some of you might think, well, that's your terrible mentor, because you
1039 |1038 |01:39:02 ~-~-> 01:39:05 |should be correcting them. No, because in the beginning, you need every bit of
1040 |1039 |01:39:05 ~-~-> 01:39:09 |cheerleading. And some of these people are very, very new. And if it keeps them
1041 |1040 |01:39:09 ~-~-> 01:39:14 |inspired to keep doing it, by experience, and by default, they'll
1042 |1041 |01:39:14 ~-~-> 01:39:19 |learn when they should see in it. Like anything else, any trader that's been
1043 |1042 |01:39:19 ~-~-> 01:39:23 |doing this for a long period of time, you know, what your growth and growing
1044 |1043 |01:39:23 ~-~-> 01:39:28 |pains were. And as much as you hated going through it at the time, as a
1045 |1044 |01:39:28 ~-~-> 01:39:32 |mature, consistently profitable trader, you can look back and say, I'm thankful
1046 |1045 |01:39:32 ~-~-> 01:39:36 |that I went through that because it makes me stronger as an analyst. It
1047 |1046 |01:39:36 ~-~-> 01:39:41 |makes me stronger as a trader, it is me the freedom to not pursue something
1048 |1047 |01:39:41 ~-~-> 01:39:51 |that's probably going to hurt me. So knowing all those things, don't worry,
1049 |1048 |01:39:51 ~-~-> 01:39:55 |I'm not going to lay down all the things on Sunday. I'll actually give you all
1050 |1049 |01:39:55 ~-~-> 01:39:59 |the details here with this, what I use and get into it and and all our business
1051 |1050 |01:39:59 ~-~-> 01:40:09 |but For the sake of discussion and moving on, there are times where, with
1052 |1051 |01:40:09 ~-~-> 01:40:16 |my experience, and I don't know how to I don't have a bridge, over 30 years
1053 |1052 |01:40:16 ~-~-> 01:40:24 |experience now doing this, I can't, in any way, shape or form, reduce it,
1054 |1053 |01:40:24 ~-~-> 01:40:37 |condense it. Make it quicker for you to digest and learn properly. And know
1055 |1054 |01:40:37 ~-~-> 01:40:45 |exactly what to do when not to do in any shorter fashion. And it's not for lack
1056 |1055 |01:40:45 ~-~-> 01:40:49 |of trying, because I've tried. For decades, I've tried to make this shorter
1057 |1056 |01:40:49 ~-~-> 01:40:53 |and sweeter. And I just don't know how to do it. And it might be a limitation
1058 |1057 |01:40:53 ~-~-> 01:40:57 |on me as a teacher, I'd like to subscribe to that view. And I think
1059 |1058 |01:40:57 ~-~-> 01:41:05 |that's what it is. But what if it's not? Can you fault me? Because I'm trying,
1060 |1059 |01:41:06 ~-~-> 01:41:10 |I'm trying my best. And for some of you, my best isn't going to be good enough.
1061 |1060 |01:41:11 ~-~-> 01:41:15 |And that's okay. It used to hurt my feelings because I wore my heart on my
1062 |1061 |01:41:15 ~-~-> 01:41:19 |sleeve. And I wanted everybody to warm up to the things I was teaching and find
1063 |1062 |01:41:19 ~-~-> 01:41:25 |easy success with it. And I had people in my mentorship leave. It took it I
1064 |1063 |01:41:25 ~-~-> 01:41:29 |took it to heart, like I mean, it's like, yeah, why would they want to
1065 |1064 |01:41:29 ~-~-> 01:41:32 |leave? Like I'm literally calling the market beforehand, every single day. And
1066 |1065 |01:41:32 ~-~-> 01:41:36 |it's unfolding like this. And I discovered over time listening to people
1067 |1066 |01:41:36 ~-~-> 01:41:41 |explain their hardships and what they wrestled with. They wanted to trade with
1068 |1067 |01:41:41 ~-~-> 01:41:46 |it. Not just okay, yeah, you said it's gonna happen. But I want you to put me
1069 |1068 |01:41:46 ~-~-> 01:41:50 |in the trade. I want you to carry me through the trade, taking the deaths
1070 |1069 |01:41:50 ~-~-> 01:41:54 |gonna somehow make it easier for them when the only thing that would have done
1071 |1070 |01:41:54 ~-~-> 01:41:58 |was created codependence. And some of you now have codependence that you're
1072 |1071 |01:41:58 ~-~-> 01:42:03 |upset about me saying that I'm leaving social media in three weeks, like the
1073 |1072 |01:42:03 ~-~-> 01:42:06 |end of the world's coming because I'm leaving that when you have the greatest
1074 |1073 |01:42:06 ~-~-> 01:42:10 |learning opportunity ahead of you. You shouldn't be afraid of that. It's
1075 |1074 |01:42:10 ~-~-> 01:42:16 |exciting. But I know what it was like, feeling like, you know, I reached the
1076 |1075 |01:42:16 ~-~-> 01:42:21 |end. There's nobody else is going to help me. What happens if I never get it?
1077 |1076 |01:42:22 ~-~-> 01:42:25 |What happens if I never get it if I can never get past where I'm at right now
1078 |1077 |01:42:25 ~-~-> 01:42:31 |when I finally throw in the towel said I'm not buying nobody else's books. I'm
1079 |1078 |01:42:31 ~-~-> 01:42:34 |not buying anybody else's courses for the sake of learning. I still bought
1080 |1079 |01:42:34 ~-~-> 01:42:39 |things because I wanted to see the things that I was teaching people one on
1081 |1080 |01:42:39 ~-~-> 01:42:44 |one. I want to see those those things that are coming into the industry.
1082 |1081 |01:42:47 ~-~-> 01:42:51 |Things that I talked about on baby pips found their way on forex mentor.com.
1083 |1082 |01:42:56 ~-~-> 01:43:06 |And I had a heated exchange with Vince noble email. And I talked about it with
1084 |1083 |01:43:06 ~-~-> 01:43:10 |Chris Laurie. And I told him I said, you're the only person that had any
1085 |1084 |01:43:11 ~-~-> 01:43:15 |value overnight on that website. But, you know, for a number of years, I
1086 |1085 |01:43:15 ~-~-> 01:43:19 |bought everything over there and honestly, and I'm sure they're gonna
1087 |1086 |01:43:19 ~-~-> 01:43:22 |come and create Sockpuppet accounts and come and troll me whatnot, but
1088 |1087 |01:43:23 ~-~-> 01:43:27 |everything on that fucking website Forex mentor.com is a bunch of bullshit.
1089 |1088 |01:43:28 ~-~-> 01:43:36 |Bullshit. It's all bullshit. The only thing that was redeeming with what Chris
1090 |1089 |01:43:36 ~-~-> 01:43:44 |Lord was talking about was he mentioned price action without indicators. But I
1091 |1090 |01:43:44 ~-~-> 01:43:49 |don't trade with Chris Lord shit, and his own students that came to me and are
1092 |1091 |01:43:49 ~-~-> 01:43:56 |still with him. They cosign on it I still think that if you don't like what
1093 |1092 |01:43:56 ~-~-> 01:44:01 |I'm teaching, and you want to have something that I believe is away from
1094 |1093 |01:44:01 ~-~-> 01:44:05 |indicators, and I don't know if he's still doing what he did before but I did
1095 |1094 |01:44:05 ~-~-> 01:44:15 |watch him change. I did watch him delete years of content and focus on what his
1096 |1095 |01:44:15 ~-~-> 01:44:24 |new website and mentorship stuff was. Or he calls it a permanent Pro. What is it
1097 |1096 |01:44:24 ~-~-> 01:44:36 |pro something a pro church is wiped away years of what he used to teach how used
1098 |1097 |01:44:36 ~-~-> 01:44:41 |to teach it and only has, you know, the last few years going back, which you
1099 |1098 |01:44:41 ~-~-> 01:44:46 |know, it's the stuff he can it can run his house the way he wants to run it,
1100 |1099 |01:44:46 ~-~-> 01:44:53 |but the way he used to teach with support resistance, and I just, you know
1101 |1100 |01:44:53 ~-~-> 01:45:01 |feel about that it's bullshit doing this, but that As a foundation, if
1102 |1101 |01:45:01 ~-~-> 01:45:05 |you've never learned how to trade, and you want to learn how to just start
1103 |1102 |01:45:05 ~-~-> 01:45:12 |looking at price, that's a really good starting point. The idea of supply and
1104 |1103 |01:45:12 ~-~-> 01:45:16 |demand, which is not what I teach, and I think it's ultimately bullshit. That's a
1105 |1104 |01:45:16 ~-~-> 01:45:23 |good beginning point. Because I think the best students that I have, and I've
1106 |1105 |01:45:23 ~-~-> 01:45:28 |gone back and forth with this throughout the years, but I can tell you now, I'm
1107 |1106 |01:45:28 ~-~-> 01:45:32 |convinced that my better students are the ones that try everything outside of
1108 |1107 |01:45:32 ~-~-> 01:45:38 |me first. See that it's all bullshit. And then when you come and you sit with
1109 |1108 |01:45:38 ~-~-> 01:45:42 |me, and I talked about what the markets gonna do in advance, and then you watch
1110 |1109 |01:45:42 ~-~-> 01:45:48 |me call it, trade it, use real fucking money, make more money than these people
1111 |1110 |01:45:48 ~-~-> 01:45:54 |make in a year. Everything else is absurdly stupid and nonsensical. It's
1112 |1111 |01:45:54 ~-~-> 01:45:59 |dumb to subscribe to anything else. And that's what makes me polarizing. That's
1113 |1112 |01:45:59 ~-~-> 01:46:03 |what makes people hate me. That's what makes people that sell courses and other
1114 |1113 |01:46:03 ~-~-> 01:46:07 |shit that might follow me might like me, because I'm sharing with the community,
1115 |1114 |01:46:07 ~-~-> 01:46:12 |but they don't like this part about me, and I get it. But what you want to know
1116 |1115 |01:46:12 ~-~-> 01:46:16 |my opinion, like if you asked me if I was on these interviews, everybody wants
1117 |1116 |01:46:16 ~-~-> 01:46:19 |me to be on. And they asked me what my opinion I'm not gonna bite my tongue.
1118 |1117 |01:46:20 ~-~-> 01:46:24 |I'm gonna say what I've always said. It's all bullshit. It's all bullshit.
1119 |1118 |01:46:24 ~-~-> 01:46:28 |You believe in something that is not having any basis or what causes markets
1120 |1119 |01:46:28 ~-~-> 01:46:36 |go up and down. But for someone that's brand new, brand new in trading, they
1121 |1120 |01:46:36 ~-~-> 01:46:41 |don't know how to read price. They don't know they're intimidated. I saw enough
1122 |1121 |01:46:41 ~-~-> 01:46:47 |from Chris's work that I told many times, listen, go check yourself out. He
1123 |1122 |01:46:47 ~-~-> 01:46:51 |never gave me kickbacks for that. I didn't ask for that. I was giving you a
1124 |1123 |01:46:51 ~-~-> 01:46:56 |personal opinion. And also was inviting people, they'll go really look at that
1125 |1124 |01:46:56 ~-~-> 01:47:02 |stuff. And you tell me if that's what I'm teaching you because it's not. But
1126 |1125 |01:47:02 ~-~-> 01:47:08 |as a beginning basis foundation? Sure. I think there will help you. Is it the be
1127 |1126 |01:47:08 ~-~-> 01:47:14 |all end all? Absolutely not? Is it the pinnacle of understanding what price
1128 |1127 |01:47:14 ~-~-> 01:47:18 |action? Nope. He's going to teach you what the algorithm is going to do when
1129 |1128 |01:47:18 ~-~-> 01:47:23 |he's gonna do it? Nope. He's gonna teach you patterns that you can study and
1130 |1129 |01:47:23 ~-~-> 01:47:28 |build a model once you're I think you can supply and demand gives you a
1131 |1130 |01:47:28 ~-~-> 01:47:36 |conceptual idea of the premise of Support Resistance without their support
1132 |1131 |01:47:36 ~-~-> 01:47:41 |resistance. It's a vague theory, that is going to be if we have 100 people in a
1133 |1132 |01:47:41 ~-~-> 01:47:46 |room. Okay. That's okay, here's a chart of corn. I'm not going to tell you the
1134 |1133 |01:47:46 ~-~-> 01:47:50 |timeframe. It's irrelevant. And you're thinking, well, I won't even trade corn.
1135 |1134 |01:47:50 ~-~-> 01:47:56 |Okay, well, it's not the discussion. If I share you price fluctuations in the
1136 |1135 |01:47:56 ~-~-> 01:47:59 |corn market, and I don't tell you what the timeframe is. And I said, Hey, show
1137 |1136 |01:47:59 ~-~-> 01:48:04 |me right now, where the trendline support resistances, diagonal and
1138 |1137 |01:48:04 ~-~-> 01:48:10 |horizontal. And then we collectively took all of the feedback that everybody
1139 |1138 |01:48:10 ~-~-> 01:48:15 |that would be willing to sit down and do that all 100 people, you're not going to
1140 |1139 |01:48:15 ~-~-> 01:48:23 |see everybody agree with the same levels, you might see a collection of
1141 |1140 |01:48:23 ~-~-> 01:48:30 |certain levels being highlighted. But this because of that makes it of no
1142 |1141 |01:48:30 ~-~-> 01:48:34 |value. It doesn't mean that the markets gonna do that. It just means that this
1143 |1142 |01:48:34 ~-~-> 01:48:38 |is what these people have been conditioned. They can been taught,
1144 |1143 |01:48:38 ~-~-> 01:48:41 |they've been trained. They've been primed, because that's exactly what this
1145 |1144 |01:48:41 ~-~-> 01:48:50 |is. It's priming. If we were in I've been so tempted to do this, but I've
1146 |1145 |01:48:50 ~-~-> 01:48:57 |stopped that it would feel kind of weird. But I am man that as a younger
1147 |1146 |01:48:57 ~-~-> 01:49:04 |man, as a child, actually, I was always fascinated with magic, sleight of hand.
1148 |1147 |01:49:07 ~-~-> 01:49:11 |prestidigitation, they call it, okay, where you, you can hold something, your
1149 |1148 |01:49:11 ~-~-> 01:49:15 |hand, move a little bit and it looks as if it's vanished and make it appear
1150 |1149 |01:49:15 ~-~-> 01:49:20 |somewhere else. Okay. And I can literally do that right in front of you
1151 |1150 |01:49:20 ~-~-> 01:49:24 |sitting right in front of you. And you won't, you won't know what I'm doing
1152 |1151 |01:49:24 ~-~-> 01:49:28 |that you won't miss it. I could do it with cards I could do with coins I could
1153 |1152 |01:49:28 ~-~-> 01:49:32 |do with small objects, and you'll be entertained by it. And you'll want to
1154 |1153 |01:49:32 ~-~-> 01:49:39 |know how I did it. That pursuit of wanting to know how to do it doesn't
1155 |1154 |01:49:39 ~-~-> 01:49:44 |mean you want to learn how to be a magician. You're just met with I feel
1156 |1155 |01:49:44 ~-~-> 01:49:53 |inadequate I need to know when I looked at Support Resistance I didn't want to
1157 |1156 |01:49:53 ~-~-> 01:49:59 |learn how to use it right. I want to know how I'm going to fail using it.
1158 |1157 |01:50:01 ~-~-> 01:50:04 |Because if there's that many opportunities that take that mini
1159 |1158 |01:50:04 ~-~-> 01:50:10 |blinds, which ones are going to fail? Because if I can figure out that, then
1160 |1159 |01:50:10 ~-~-> 01:50:14 |what by default, what am I doing? I know which ones are going to work, right? So
1161 |1160 |01:50:14 ~-~-> 01:50:19 |I, when I look at things I look at, okay, how's it going to harm me? When
1162 |1161 |01:50:19 ~-~-> 01:50:24 |I'm gonna do wrong with that in my hands? What am I going to be wrong? I'm
1163 |1162 |01:50:24 ~-~-> 01:50:28 |not enamored by something new that comes out, somebody else may come out in the
1164 |1163 |01:50:28 ~-~-> 01:50:33 |next year or two, five years, whatever. If I live long enough, some new thing
1165 |1164 |01:50:33 ~-~-> 01:50:37 |might come out in trading some new indicator, something new something or
1166 |1165 |01:50:37 ~-~-> 01:50:46 |other, okay? And I'm not going to abandon this what I have, okay? Because
1167 |1166 |01:50:46 ~-~-> 01:50:51 |there's nothing going to improve upon perfection. Like, I'm literally able to
1168 |1167 |01:50:51 ~-~-> 01:50:56 |tell you beforehand, you're seeing it in your own charts, where the market will
1169 |1168 |01:50:56 ~-~-> 01:50:59 |respect these inefficiencies, the highs and lows, and then they'll revert and
1170 |1169 |01:50:59 ~-~-> 01:51:03 |then one more time in the future. And they'll act as what you would expect
1171 |1170 |01:51:03 ~-~-> 01:51:07 |that support resistance theory to do. But guess what, they don't teach
1172 |1171 |01:51:07 ~-~-> 01:51:11 |inefficiencies like that Chris Laurie doesn't use it old imbalance and Support
1173 |1172 |01:51:11 ~-~-> 01:51:14 |Resistance. It's one and done. This one's done. That's his words. It's
1174 |1173 |01:51:14 ~-~-> 01:51:20 |verbatim. He's done with it. The guy he learned from that's the logic that he
1175 |1174 |01:51:20 ~-~-> 01:51:29 |had. That's the differentiation between me and him and everyone else. These very
1176 |1175 |01:51:29 ~-~-> 01:51:35 |specific PD arrays, they're not rooted in retail. They're algorithmic, these
1177 |1176 |01:51:35 ~-~-> 01:51:42 |are things that are going to repeat. But if they don't even get traded to that
1178 |1177 |01:51:42 ~-~-> 01:51:49 |tells you something, it's well in this case for the s&p, not the s&p, the
1179 |1178 |01:51:49 ~-~-> 01:51:56 |NASDAQ, it's decidedly weak. It's going to start going lower and start looking
1180 |1179 |01:51:56 ~-~-> 01:52:01 |at every premium or a every up close candle is a bearish order block. And in
1181 |1180 |01:52:01 ~-~-> 01:52:05 |for the liquidity, because there's no inefficiencies to the left. Once that
1182 |1181 |01:52:05 ~-~-> 01:52:11 |afternoon, 130 rally happened. Everything was liquidity, Southside. It
1183 |1182 |01:52:11 ~-~-> 01:52:17 |just so happens that it ran out of time before it got there. So that's why I'm
1184 |1183 |01:52:17 ~-~-> 01:52:24 |saying that I expect it to get down there on Sundays opening or gap opening
1185 |1184 |01:52:24 ~-~-> 01:52:28 |lower and then trade down there on Sunday, going into Monday's london
1186 |1185 |01:52:28 ~-~-> 01:52:34 |session. That's what I anticipate. I feel confident in saying that, because
1187 |1186 |01:52:36 ~-~-> 01:52:39 |we didn't do it on Friday. And there's nothing else for it to be reaching down.
1188 |1187 |01:52:39 ~-~-> 01:52:45 |Therefore, it would make perfect sense to wipe the board for everybody that
1189 |1188 |01:52:45 ~-~-> 01:52:51 |tried to pick the bottom in fall, September and October low. I'm listening
1190 |1189 |01:52:51 ~-~-> 01:52:52 |to people on CNBC.
1191 |1190 |01:52:52 ~-~-> 01:52:55 |The lows in people are gonna be really caught off guard because they want to
1192 |1191 |01:52:55 ~-~-> 01:53:01 |see this as stocks go to go higher. Where are they at right now? overexposed
1193 |1192 |01:53:01 ~-~-> 01:53:06 |themselves. They married the vein. They went out there and he went all in.
1194 |1193 |01:53:10 ~-~-> 01:53:16 |You're seeing a movie rounders. It's one of my favorite movies. The Russian KGB
1195 |1194 |01:53:17 ~-~-> 01:53:23 |he's playing poker with Matt Damon. He's taking this chip sick. I'm all in
1196 |1195 |01:53:23 ~-~-> 01:53:28 |splatter and all the chips and stuff. Real cocky, real arrogant. He knows
1197 |1196 |01:53:28 ~-~-> 01:53:35 |everything he thinks he's got Matt Damon over the barrel, overconfidence
1198 |1197 |01:53:36 ~-~-> 01:53:45 |overexposure. And Matt Damon kills him right then and there. And he zaps out.
1199 |1198 |01:53:48 ~-~-> 01:53:52 |That's how you react when you think everything flat one trade you're in,
1200 |1199 |01:53:52 ~-~-> 01:53:57 |because look at the climate. All this stuff going on. This guy was talking to
1201 |1200 |01:53:57 ~-~-> 01:54:01 |me last week on Twitter, thought he knew everything. Yeah, oh, yeah, you want to
1202 |1201 |01:54:01 ~-~-> 01:54:08 |be trading? I think it was Week Four is the best time to trade. But he just
1203 |1202 |01:54:08 ~-~-> 01:54:12 |announced publicly that he just found profitability. So if you discount
1204 |1203 |01:54:12 ~-~-> 01:54:15 |profitability, he doesn't have track record. He doesn't have the ability to
1205 |1204 |01:54:15 ~-~-> 01:54:19 |stay profitable. He just now tasted at one time. So now that's he becomes
1206 |1205 |01:54:19 ~-~-> 01:54:24 |mentors. That's he becomes influencers. Which is one of the things I hate about
1207 |1206 |01:54:24 ~-~-> 01:54:32 |social media. You have to be with someone, spend time with them. If they
1208 |1207 |01:54:32 ~-~-> 01:54:36 |know what they're doing, you're going to see it. There's no doubt about it, you
1209 |1208 |01:54:36 ~-~-> 01:54:42 |will know Absolutely. That there's a valid theory being implemented. It's not
1210 |1209 |01:54:42 ~-~-> 01:54:46 |contrived. It's not being pulled out of your ass on any given moment. Oh, this
1211 |1210 |01:54:46 ~-~-> 01:54:52 |is pulled out of thin air and here it is. And just you dazzle them with
1212 |1211 |01:54:52 ~-~-> 01:54:58 |bullshit. That's not what this is. This is logic that keep repeating. I'm
1213 |1212 |01:54:58 ~-~-> 01:55:01 |teaching you how to protect yourself. which is first and foremost, capital
1214 |1213 |01:55:01 ~-~-> 01:55:06 |preservation is the first thing that you have to have in your head, that, okay,
1215 |1214 |01:55:06 ~-~-> 01:55:10 |there might be an opportunity there. But in the event that it isn't, I'm not
1216 |1215 |01:55:10 ~-~-> 01:55:13 |going to over leverage, and I'm not going to push too hard. I'm not going to
1217 |1216 |01:55:13 ~-~-> 01:55:17 |do five trades today, just because there's something going on around the
1218 |1217 |01:55:17 ~-~-> 01:55:21 |world that's causing the markets move all around. So therefore, I see there is
1219 |1218 |01:55:21 ~-~-> 01:55:25 |opportunity, and I might get a big run, might need to be underlined,
1220 |1219 |01:55:25 ~-~-> 01:55:33 |highlighted. Might is not a absolute might is not a definitive absolute,
1221 |1220 |01:55:33 ~-~-> 01:55:39 |you're going to have that happen. It might. And what I've learned in 30 years
1222 |1221 |01:55:39 ~-~-> 01:55:45 |is those indications where things might happen, in your favor, are more apt to
1223 |1222 |01:55:45 ~-~-> 01:55:54 |be against you. But you went into this with only wearing rose colored glasses,
1224 |1223 |01:55:54 ~-~-> 01:55:59 |and it's only going to be your outcome, it's going to come that way. And you
1225 |1224 |01:55:59 ~-~-> 01:56:04 |wrestle with it, and you arm wrestle, because you have spent the whole weekend
1226 |1225 |01:56:05 ~-~-> 01:56:08 |it's going to be a big mover, there's going to be a lot of speakers, it's
1227 |1226 |01:56:08 ~-~-> 01:56:14 |going to be read in medium impact folder, events around the economic
1228 |1227 |01:56:14 ~-~-> 01:56:20 |calendar. That means there's gonna be a lot of movement. And I'm a trader, damn
1229 |1228 |01:56:20 ~-~-> 01:56:26 |it, I've got to go out there, and I'm gonna trade into drawdown into losing
1230 |1229 |01:56:26 ~-~-> 01:56:36 |your account and to feeling your combine into needing a new reset. I'm trying to
1231 |1230 |01:56:36 ~-~-> 01:56:41 |spare you that. Because even though they may be limited in scope in terms of
1232 |1231 |01:56:41 ~-~-> 01:56:44 |okay, so you lost your funded account, big deal, what did you really lose, you
1233 |1232 |01:56:44 ~-~-> 01:56:47 |just got to pay the fees to get back into it again, and put the time in to
1234 |1233 |01:56:47 ~-~-> 01:56:53 |get it back. Okay, it's an aggravation is at the end of the rope. Now, if you
1235 |1234 |01:56:53 ~-~-> 01:56:59 |lose your account with your own money, and you had 100,000 50,000 75,000,
1236 |1235 |01:56:59 ~-~-> 01:57:02 |whatever it is that you would have a 10,000 5000 Whatever it is, if it's real
1237 |1236 |01:57:02 ~-~-> 01:57:09 |money that you put in there, and you lose it hurts. That hurts. That's like a
1238 |1237 |01:57:09 ~-~-> 01:57:14 |kick in the stomach. Didn't just Ow that hurt and it goes away real quick, it
1239 |1238 |01:57:14 ~-~-> 01:57:18 |hangs around for a little bit a liver shot. It just takes everything I eat and
1240 |1239 |01:57:18 ~-~-> 01:57:24 |you're hitting the floor. Because that was your money that you worked very
1241 |1240 |01:57:24 ~-~-> 01:57:31 |hard, saving up and you invest it with intentions of growing it. But then you
1242 |1241 |01:57:31 ~-~-> 01:57:37 |didn't execute with a model. You didn't think about the things I'm talking about
1243 |1242 |01:57:37 ~-~-> 01:57:42 |in this discussion today, which is identifying invitations to over expose
1244 |1243 |01:57:42 ~-~-> 01:57:48 |yourself. Just because there's going to be potential for high volatility doesn't
1245 |1244 |01:57:48 ~-~-> 01:57:53 |mean that you should be in this in those waters swimming around. In other words,
1246 |1245 |01:57:53 ~-~-> 01:58:02 |I looked at this week that we disclosed, much like iView nonfarm payroll where
1247 |1246 |01:58:02 ~-~-> 01:58:08 |yes, everybody expects some measure of volatility. Absolutely. It goes without
1248 |1247 |01:58:08 ~-~-> 01:58:11 |saying there should be it's reasonable to assume that there's going to be
1249 |1248 |01:58:11 ~-~-> 01:58:16 |volatility when 830 comes on nonfarm payroll Friday, the reaction to those
1250 |1249 |01:58:16 ~-~-> 01:58:20 |employment number data is going to create this excitement to be a
1251 |1250 |01:58:20 ~-~-> 01:58:27 |participant in the marketplace. And the market participants are being led astray
1252 |1251 |01:58:27 ~-~-> 01:58:31 |by the algorithm and or manual intervention that creates these price
1253 |1252 |01:58:31 ~-~-> 01:58:37 |runs higher or lower, and they want you to chase it. It's not buying and selling
1254 |1253 |01:58:37 ~-~-> 01:58:44 |pressure that's causing these extrapolations higher and lower. That's
1255 |1254 |01:58:44 ~-~-> 01:58:51 |not what's happening there. And because it's moved around, you've seen it
1256 |1255 |01:58:51 ~-~-> 01:58:54 |happening for you think that you're going to be able to navigate that and
1257 |1256 |01:58:54 ~-~-> 01:58:58 |get in there and take a trade. And now the same mindset that causes people
1258 |1257 |01:58:58 ~-~-> 01:59:03 |betray that nonfarm payroll when they see geopolitical things heating up, not
1259 |1258 |01:59:03 ~-~-> 01:59:10 |getting volatile. Well, guess what? It's casino time. It's time to get out there
1260 |1259 |01:59:10 ~-~-> 01:59:17 |and press our luck. Well, that's not what I do. I've learned that these are
1261 |1260 |01:59:17 ~-~-> 01:59:21 |the very economic climates that I have unraveled myself. I've done it in
1262 |1261 |01:59:21 ~-~-> 01:59:26 |stunning fashion. I've done it faster than I ever thought I could. And believe
1263 |1262 |01:59:26 ~-~-> 01:59:33 |me, it's demoralizing. Okay, sucks. So, because I am role of a mentor, and
1264 |1263 |01:59:33 ~-~-> 01:59:37 |because I have real things going on in my personal life with my wife's mother
1265 |1264 |01:59:37 ~-~-> 01:59:44 |and a niece that, you know, we may have to adopt, and we don't know what the
1266 |1265 |01:59:44 ~-~-> 01:59:49 |outcome would be required of that. Like there's this whole like, my kids are
1267 |1266 |01:59:49 ~-~-> 01:59:54 |almost completely dying have one child left homeschooling. He's got two years
1268 |1267 |01:59:54 ~-~-> 01:59:59 |of schooling left and then we're done. It's it's a lot of things being weighed
1269 |1268 |01:59:59 ~-~-> 02:00:08 |on us as an uncle and in to a child that's troubled. And all these things
1270 |1269 |02:00:08 ~-~-> 02:00:13 |are tugging at me. And now there's another potential terminal outcome to
1271 |1270 |02:00:13 ~-~-> 02:00:18 |her mother to run mother while her mother. And because of all that, and the
1272 |1271 |02:00:18 ~-~-> 02:00:25 |economic climate I know that I say something. Just go back and look at a
1273 |1272 |02:00:25 ~-~-> 02:00:32 |tweet, any video. I mean, the Joker on Twitter that was taught me how to make
1274 |1273 |02:00:32 ~-~-> 02:00:38 |money say everything I say about ICT, ICT says, and short gold and ramrod of
1275 |1274 |02:00:38 ~-~-> 02:00:46 |that when hire. Taking things out of context, or taking something that I say
1276 |1275 |02:00:46 ~-~-> 02:00:50 |and sugarcoating it, to make it fit what you want to see happen in your own
1277 |1276 |02:00:50 ~-~-> 02:00:59 |trading, I don't want to open myself up to that level of false criticism. If I
1278 |1277 |02:00:59 ~-~-> 02:01:03 |find the right word, I'm saying, I don't want anybody to be able to say, You
1279 |1278 |02:01:03 ~-~-> 02:01:08 |inspire me to do something when you said that. So if I say nothing, and I place a
1280 |1279 |02:01:08 ~-~-> 02:01:13 |limit on me, if the dollar does this, then I will be willing to engage and
1281 |1280 |02:01:13 ~-~-> 02:01:15 |talk about what I think's gonna happen. But unless it does that, I'm not going
1282 |1281 |02:01:15 ~-~-> 02:01:21 |to do it. And it didn't deliver that, but yet will happen. I said, if the
1283 |1282 |02:01:21 ~-~-> 02:01:26 |dollar goes to that point, that I'd be willing to take care of it. That's a
1284 |1283 |02:01:26 ~-~-> 02:01:30 |sell short on NASDAQ, because that's the market I would be interested in trading
1285 |1284 |02:01:30 ~-~-> 02:01:34 |only. I'm not interested in s&p, but they should still go lower. And gold,
1286 |1285 |02:01:34 ~-~-> 02:01:41 |you know, it should run that by side, it did that. Euro and cable should move
1287 |1286 |02:01:41 ~-~-> 02:01:51 |lower if the dollar goes up there. So now, with that idea in mind, dollar went
1288 |1287 |02:01:51 ~-~-> 02:01:54 |down to its daily fair value gap, and then stagnated in the fair value gap.
1289 |1288 |02:01:57 ~-~-> 02:02:05 |But yet, wait a minute. Cable was doing almost similar price action. On its
1290 |1289 |02:02:05 ~-~-> 02:02:11 |daily chart, that doesn't make any sense. Wait a minute, the NASDAQ and the
1291 |1290 |02:02:11 ~-~-> 02:02:18 |s&p dropped all week long after Tuesday's high. But the dollar is in its
1292 |1291 |02:02:18 ~-~-> 02:02:26 |fair value gap being held. What is that? That's decoupling? If you're new, and
1293 |1292 |02:02:26 ~-~-> 02:02:29 |you're trying to implement the things you see in my core content lessons, or
1294 |1293 |02:02:29 ~-~-> 02:02:34 |things that you see me teaching in individual, like, like a TGIF setup,
1295 |1294 |02:02:35 ~-~-> 02:02:41 |because I thought that setup in that context, to interpret price action.
1296 |1295 |02:02:43 ~-~-> 02:02:48 |Go back and listen to it again. And you're gonna find that I had said this,
1297 |1296 |02:02:48 ~-~-> 02:02:51 |and it's not hidden from you. But because you went into it selected
1298 |1297 |02:02:51 ~-~-> 02:02:57 |hearing, you want to go in and take something did use the metaphor that I
1299 |1298 |02:02:57 ~-~-> 02:03:02 |used earlier here. And many times. It's if I show you a magic trick with cards,
1300 |1299 |02:03:03 ~-~-> 02:03:07 |okay? Immediately you want to grab the cards from me and see if they're a real
1301 |1300 |02:03:07 ~-~-> 02:03:10 |deck of cards. And they would be real if you could bring your own deck of cards.
1302 |1301 |02:03:10 ~-~-> 02:03:15 |And I believe to do everything in those cards that I could do with a card deck.
1303 |1302 |02:03:15 ~-~-> 02:03:19 |I had my hands before we met, because I understand how to manipulate them, and
1304 |1303 |02:03:19 ~-~-> 02:03:25 |how to do all the side hands and do all that stuff. Okay. Well, when you listen
1305 |1304 |02:03:25 ~-~-> 02:03:30 |to my lectures about trading, and you're brand new, it's predominantly it's the
1306 |1305 |02:03:30 ~-~-> 02:03:35 |men. It's always the men. I've never done a magic trick for a woman where
1307 |1306 |02:03:35 ~-~-> 02:03:40 |she's like, Oh, let me see if I can do that, too. They never do it. They don't,
1308 |1307 |02:03:40 ~-~-> 02:03:44 |they don't have to prove they have a bigger dick. Okay, they just don't think
1309 |1308 |02:03:44 ~-~-> 02:03:50 |that way. But a guy wouldn't read away. Okay, give me an interview. I know he
1310 |1309 |02:03:50 ~-~-> 02:03:53 |did that. And they fall on their face. And then they're mad at me because they
1311 |1310 |02:03:53 ~-~-> 02:03:56 |think I tried to make them look stupid when I didn't invite them to, to pretend
1312 |1311 |02:03:56 ~-~-> 02:04:01 |they understand how I did it. But most of you come as a young man. And you
1313 |1312 |02:04:01 ~-~-> 02:04:06 |watch me teach you how to do these things. You'll sit down, you'll watch
1314 |1313 |02:04:06 ~-~-> 02:04:10 |the video, you'll probably scribble a couple things down. Because otherwise
1315 |1314 |02:04:10 ~-~-> 02:04:14 |you you want to be able to say if I say you need to take notes, you can say I
1316 |1315 |02:04:14 ~-~-> 02:04:19 |did that. But you're not really listening. Because you'll go back and
1317 |1316 |02:04:19 ~-~-> 02:04:22 |listen to the same videos and say, oh shit, I didn't hear that the first time.
1318 |1317 |02:04:22 ~-~-> 02:04:26 |Why? Because you went in there looking for just the not to go out to a chart
1319 |1318 |02:04:26 ~-~-> 02:04:33 |and try something. And then you what? Fa fo fuck around and find out. And so many
1320 |1319 |02:04:33 ~-~-> 02:04:37 |of you want to go out there and try to do that with your accounts that have
1321 |1320 |02:04:37 ~-~-> 02:04:41 |real risks. You invest the money into a funded account challenge and you fail it
1322 |1321 |02:04:41 ~-~-> 02:04:44 |because you tried to do something prematurely. You don't know what you're
1323 |1322 |02:04:44 ~-~-> 02:04:50 |doing. You just went out there to try to figure it out. Okay, he said this. If it
1324 |1323 |02:04:50 ~-~-> 02:04:52 |looks like that on a chart, it's probably gonna do that. Okay, but what
1325 |1324 |02:04:52 ~-~-> 02:04:58 |else can I say about that? Just because there's a fair Vega doesn't mean it's
1326 |1325 |02:04:58 ~-~-> 02:05:03 |going up there to go down. If the idea is that it's ultimately going to go
1327 |1326 |02:05:03 ~-~-> 02:05:07 |higher, we want to see it trade through the fair value gap, and then come back
1328 |1327 |02:05:07 ~-~-> 02:05:13 |and treat it as what this kind of way to accumulate new lungs. But see, you're
1329 |1328 |02:05:13 ~-~-> 02:05:17 |not willing to listen to that, because you want to see something that will be a
1330 |1329 |02:05:17 ~-~-> 02:05:23 |catalyst, something that gives you the inspiration and the excuse, why you
1331 |1330 |02:05:23 ~-~-> 02:05:27 |couldn't control yourself, and you had the press the button, because you heard
1332 |1331 |02:05:27 ~-~-> 02:05:31 |ICC said, I want a video, this is what it does. So therefore, every down closed
1333 |1332 |02:05:31 ~-~-> 02:05:37 |candle is a bullish order block. And that's not true either. And that's why
1334 |1333 |02:05:37 ~-~-> 02:05:42 |it's important that you are properly mentored, you have all these long winded
1335 |1334 |02:05:42 ~-~-> 02:05:50 |dry, boring discussions, which is required. You can't teach this stuff
1336 |1335 |02:05:50 ~-~-> 02:05:55 |without it. And nobody else knows it. So you can't go to somebody else, even as
1337 |1336 |02:05:55 ~-~-> 02:06:00 |much as they may have my logo, and they may talk about me even and have respect
1338 |1337 |02:06:00 ~-~-> 02:06:05 |openly and publicly. But they're just still trying to milk my whole brand. So
1339 |1338 |02:06:05 ~-~-> 02:06:10 |they can make money teaching something they don't fully understand. And then
1340 |1339 |02:06:10 ~-~-> 02:06:13 |you wonder why people are confused. It's not because they're getting confused
1341 |1340 |02:06:13 ~-~-> 02:06:17 |from what I'm teaching. Because I'm laying it all out here for you. I'm
1342 |1341 |02:06:17 ~-~-> 02:06:21 |giving it to you for free, I'm explaining in advance why it should do
1343 |1342 |02:06:21 ~-~-> 02:06:24 |this. And why shouldn't do that, how to avoid markets are going to be
1344 |1343 |02:06:24 ~-~-> 02:06:28 |problematic. The fact that the dollar index went down into its fair value, go
1345 |1344 |02:06:28 ~-~-> 02:06:34 |up on a daily chart, and didn't rally support the idea why I said in the live
1346 |1345 |02:06:34 ~-~-> 02:06:38 |stream analysis last Sunday, okay, even if it does drop down, I'm not saying
1347 |1346 |02:06:38 ~-~-> 02:06:45 |that I would be going long dollar there and short euro and or cable. Because of
1348 |1347 |02:06:45 ~-~-> 02:06:51 |the decoupling characteristics that this environment is creating, you have to be
1349 |1348 |02:06:51 ~-~-> 02:06:55 |highly selective, you're not going to have that skill set. If you're brand
1350 |1349 |02:06:55 ~-~-> 02:07:01 |new. If even if you were in my 2016 First mentorship group, they are not
1351 |1350 |02:07:01 ~-~-> 02:07:07 |going to know what I was utilizing going into this week. They're not going to
1352 |1351 |02:07:07 ~-~-> 02:07:12 |have the experience billing it, they don't know it. It takes time to do these
1353 |1352 |02:07:12 ~-~-> 02:07:16 |things over and over and over again, exceeding okay, this is what should do.
1354 |1353 |02:07:16 ~-~-> 02:07:20 |But I'm being cautious because it's probably not going to be conducive for
1355 |1354 |02:07:20 ~-~-> 02:07:24 |continuation and a higher dollar rally. I'd like to see it go higher. And I told
1356 |1355 |02:07:24 ~-~-> 02:07:27 |you what I'd like to see if it does that. Then I'll commit publicly and
1357 |1356 |02:07:27 ~-~-> 02:07:31 |start talking about what I want to see do. But until it does that, I'm sitting
1358 |1357 |02:07:31 ~-~-> 02:07:35 |on my hands and I'm comfortable with if I got nothing to share in advance.
1359 |1358 |02:07:35 ~-~-> 02:07:40 |That's fine. But what did I tell you about the dollar index? I said 106.
1360 |1359 |02:07:40 ~-~-> 02:07:47 |Point 55 is to clean? How much more Did it go above that? Not much. And then
1361 |1360 |02:07:47 ~-~-> 02:07:54 |went down into its daily fair value that? Was I right or wrong? Depends on
1362 |1361 |02:07:54 ~-~-> 02:07:57 |who who's answering. If you want to make me look like I don't know what I'm
1363 |1362 |02:07:57 ~-~-> 02:08:02 |doing. And I'm a fraud or con artist and I can't call things in advance. I won't
1364 |1363 |02:08:02 ~-~-> 02:08:06 |trade live in front of you. You'll say, Well, you got lucky there. And we're
1365 |1364 |02:08:06 ~-~-> 02:08:09 |it's up for debate what you really mean by that. And other students who've been
1366 |1365 |02:08:09 ~-~-> 02:08:12 |with me for a long time, know that there's value in that because that was
1367 |1366 |02:08:12 ~-~-> 02:08:17 |the draw on liquidity. Nothing higher, was suggested that's what did I say?
1368 |1367 |02:08:18 ~-~-> 02:08:23 |That levels to clean? Meaning what? It's right, it's perfect for a sweep, through
1369 |1368 |02:08:23 ~-~-> 02:08:30 |sweeps continue? No, they go above it, the retrace lower. You won't know that.
1370 |1369 |02:08:30 ~-~-> 02:08:35 |When you first warm up to this content and find me, you won't know that. I'll
1371 |1370 |02:08:35 ~-~-> 02:08:41 |be cryptic to you, which is frustrating. But it's not. It's not hidden from you.
1372 |1371 |02:08:41 ~-~-> 02:08:46 |It's in all those videos, seeing me do it over and over explaining beforehand,
1373 |1372 |02:08:46 ~-~-> 02:08:51 |over and over and over again, that it's conditioning you to trust the theory
1374 |1373 |02:08:51 ~-~-> 02:08:55 |because if it doesn't work, I won't be able to use it beforehand and show you
1375 |1374 |02:08:55 ~-~-> 02:08:58 |what it's going to do. If I don't know when the markets going to be
1376 |1375 |02:08:58 ~-~-> 02:09:04 |problematic, I wouldn't be able to tell you in advance. This is what's likely to
1377 |1376 |02:09:04 ~-~-> 02:09:06 |occur, and therefore I'm sitting on my hands. And then in there, there are
1378 |1377 |02:09:06 ~-~-> 02:09:11 |weeks that are looking that wasn't the first part of the week. It was weird,
1379 |1378 |02:09:11 ~-~-> 02:09:14 |right? It was running up down up being like, What the hell is this thing trying
1380 |1379 |02:09:14 ~-~-> 02:09:20 |to do? Right? I'm not worrying about it, I have other things to deal with. But
1381 |1380 |02:09:20 ~-~-> 02:09:25 |where I felt comfortable. I'll point to it. And the only thing I felt
1382 |1381 |02:09:25 ~-~-> 02:09:29 |comfortable sharing was that 106 55 level on the dollar index was too clean.
1383 |1382 |02:09:31 ~-~-> 02:09:36 |And then right after I said that, it ran up there and Amazon and then right down
1384 |1383 |02:09:36 ~-~-> 02:09:44 |into the fair value and stayed there. For some years, I can well what's the
1385 |1384 |02:09:44 ~-~-> 02:09:47 |big deal about that? Who cares, dude, you know, it's the dollar it didn't mean
1386 |1385 |02:09:47 ~-~-> 02:09:52 |that much. It's the context around what it was not willing to do, which was to
1387 |1386 |02:09:52 ~-~-> 02:09:56 |go higher. And the fair value gap didn't fail either. Oh, but it went outside the
1388 |1387 |02:09:56 ~-~-> 02:10:00 |fair value gap on the lower end. It did a little tiny little Mohawk It closed
1389 |1388 |02:10:00 ~-~-> 02:10:07 |below now look at the next candle inside there right now. That's what I teach
1390 |1389 |02:10:07 ~-~-> 02:10:11 |it's order flow. All those things are supporting the idea that guess what?
1391 |1390 |02:10:13 ~-~-> 02:10:22 |Gold rallying, while dollar sitting still? Is that symmetrical, or is that
1392 |1391 |02:10:22 ~-~-> 02:10:29 |the coupling is the coupling basically moving in opposite directions, if
1393 |1392 |02:10:29 ~-~-> 02:10:35 |they're never agreeing, one going one direction and the other on the other.
1394 |1393 |02:10:36 ~-~-> 02:10:41 |They should be diametrically opposed in some Metro market. Gold's in a fast
1395 |1394 |02:10:41 ~-~-> 02:10:45 |paced run for that by side. And when they're done it, and it made sure it ran
1396 |1395 |02:10:45 ~-~-> 02:10:51 |through it. So anybody that was short ride and go lower, that has a trail stop
1397 |1396 |02:10:51 ~-~-> 02:10:56 |loss, they're really reaching up in there, while the dollar index is in its
1398 |1397 |02:10:56 ~-~-> 02:11:04 |daily fair value gap, which we identified on Sunday. So it's confirmed
1399 |1398 |02:11:04 ~-~-> 02:11:09 |my suspicions about how we might be problematic going into this week. And
1400 |1399 |02:11:11 ~-~-> 02:11:16 |what the market I wanted to see, which was an asset, it did go lower. But I had
1401 |1400 |02:11:16 ~-~-> 02:11:23 |to wait until Friday, where I'd had very little left in terms of time. And I felt
1402 |1401 |02:11:23 ~-~-> 02:11:29 |confident that okay, it's just so heavy handed. At this point, I don't need the
1403 |1402 |02:11:29 ~-~-> 02:11:32 |dollar index to do anything. The weekly range is going to be what it is. And now
1404 |1403 |02:11:32 ~-~-> 02:11:38 |back to the TGIF. You think that every single weekly range because I talked
1405 |1404 |02:11:38 ~-~-> 02:11:44 |about the likelihood of a retracement, if we've had a large range expansion on
1406 |1405 |02:11:44 ~-~-> 02:11:49 |a weekly candle. Those are the conditions where you can see a
1407 |1406 |02:11:49 ~-~-> 02:11:54 |retracement back to 20 to 30%, sometimes as much as 40%. But it's a general rule
1408 |1407 |02:11:54 ~-~-> 02:11:59 |of thumb between 20 to 30%. And you can be a counter trend trader, if you want
1409 |1408 |02:11:59 ~-~-> 02:12:03 |to call it that or market reversal trader on a Thursday going into Friday,
1410 |1409 |02:12:03 ~-~-> 02:12:09 |and you setups that would capitalize on that type of framework. I am not saying
1411 |1410 |02:12:09 ~-~-> 02:12:14 |go back and listen to that lecture again. Because only one video I don't
1412 |1411 |02:12:14 ~-~-> 02:12:19 |sell the idea that every weekly candle should be treated that way. There are
1413 |1412 |02:12:19 ~-~-> 02:12:25 |instances where if we are bearish, okay, if we're really bearish on a market, and
1414 |1413 |02:12:25 ~-~-> 02:12:32 |it's not yet reached an objective that we're aiming for. But we're real close
1415 |1414 |02:12:32 ~-~-> 02:12:38 |to it. Perfect example. Look at the daily chart on s&p and NASDAQ. They're
1416 |1415 |02:12:38 ~-~-> 02:12:42 |real close to their own lows in September October right there real close
1417 |1416 |02:12:42 ~-~-> 02:12:43 |to it.
1418 |1417 |02:12:45 ~-~-> 02:12:50 |So why would you expect a 20 to 30% retracement, when we're reaching for
1419 |1418 |02:12:50 ~-~-> 02:12:59 |those levels. And teaching you shouldn't have that mindset. And because we closed
1420 |1419 |02:12:59 ~-~-> 02:13:05 |on the low. That's why I'm saying they're gonna puke up their guts. On
1421 |1420 |02:13:05 ~-~-> 02:13:10 |Sunday opening, I think that they're gonna get this thing lower where the
1422 |1421 |02:13:10 ~-~-> 02:13:13 |people that would have otherwise been short but too afraid to hold over the
1423 |1422 |02:13:13 ~-~-> 02:13:15 |weekend. And I'm I'm in that crowd. I don't want to hold anything over the
1424 |1423 |02:13:15 ~-~-> 02:13:19 |weekend because that gap risk, and I could be wrong. It was something might
1425 |1424 |02:13:19 ~-~-> 02:13:25 |happen where Israel says we're wrong. We're pulling out we're not doing
1426 |1425 |02:13:25 ~-~-> 02:13:30 |anything else to the Palestinians. And it's a wrap. And all of a sudden the
1427 |1426 |02:13:30 ~-~-> 02:13:42 |market gaps up 200 points. Well, they never get can I predict that? No. Would
1428 |1427 |02:13:42 ~-~-> 02:13:48 |the market participants believe that and still buy it after that opening gap up?
1429 |1428 |02:13:49 ~-~-> 02:13:54 |I don't know. I don't care about that. I'm not trying to predict what the
1430 |1429 |02:13:54 ~-~-> 02:13:58 |central banks are going to do, where they create that opening price. Because
1431 |1430 |02:13:58 ~-~-> 02:14:02 |that's where it's at. That's what's happening. That's something that I can't
1432 |1431 |02:14:02 ~-~-> 02:14:07 |teach you because I can't adequately and consistently predict what the mirth
1433 |1432 |02:14:07 ~-~-> 02:14:13 |method or methodology they employ, how they started the week. Now I can have a
1434 |1433 |02:14:13 ~-~-> 02:14:20 |conjecture, something that I think might be a scenario that unfolds. And if it
1435 |1434 |02:14:20 ~-~-> 02:14:25 |does this, then I'll do that. There are scenarios in which I would be willing to
1436 |1435 |02:14:25 ~-~-> 02:14:30 |engage price action if it meets that criteria. But in the sense of doing
1437 |1436 |02:14:30 ~-~-> 02:14:35 |that, there's also scenarios where it if it does these other things, then I'm not
1438 |1437 |02:14:35 ~-~-> 02:14:39 |touching it. And you need to do those types of things in your trading. You
1439 |1438 |02:14:39 ~-~-> 02:14:46 |need to highlight in the beginning part of your development. What makes you
1440 |1439 |02:14:46 ~-~-> 02:14:56 |comfortable not doing anything. You have to have processes. You have to have
1441 |1440 |02:14:56 ~-~-> 02:15:02 |routines, protocols that you have written out, not just out, it's
1442 |1441 |02:15:02 ~-~-> 02:15:05 |something I've thought of once in a while. No, it's just something you
1443 |1442 |02:15:05 ~-~-> 02:15:13 |absolutely codified it's part of your repertoire. If the market does these
1444 |1443 |02:15:13 ~-~-> 02:15:19 |types of things, I will not engage and they need to be cast in stone. It's
1445 |1444 |02:15:19 ~-~-> 02:15:23 |beneficial for you to have that in the beginning. It's like bowling with these
1446 |1445 |02:15:23 ~-~-> 02:15:27 |little guardrails, your rights to take your kids to the bowling alley, and they
1447 |1446 |02:15:27 ~-~-> 02:15:30 |have these little rails that you can pull up. So that way nobody ever gets a
1448 |1447 |02:15:30 ~-~-> 02:15:37 |gutter ball, it gives you enough momentum forward, the ball will hit a
1449 |1448 |02:15:37 ~-~-> 02:15:40 |pin or more, and you'll have some kind of response for the children who feel
1450 |1449 |02:15:40 ~-~-> 02:15:45 |like oh, yeah, it's um, you need every bit of training wheels and those
1451 |1450 |02:15:45 ~-~-> 02:15:52 |guardrails in the beginning. Because you need to see pins drop, you need to see
1452 |1451 |02:15:52 ~-~-> 02:15:56 |distance in that bike being peddled by you, oh, this is what it feels like to
1453 |1452 |02:15:56 ~-~-> 02:16:01 |be riding a bike. But you know enough to know that even if you lean too far to
1454 |1453 |02:16:01 ~-~-> 02:16:04 |the left on a training wheels, you're not holding yourself up, there's little
1455 |1454 |02:16:04 ~-~-> 02:16:09 |training wheels are. And it's a matter of learning how to trade, the balancing
1456 |1455 |02:16:09 ~-~-> 02:16:13 |act of moving left and right and not feeling the effects of the training
1457 |1456 |02:16:13 ~-~-> 02:16:19 |wheel. And if you can do that, then you can take one training wheel off, you
1458 |1457 |02:16:19 ~-~-> 02:16:26 |learn to trade, only moving this way to the right. But knowing that this
1459 |1458 |02:16:26 ~-~-> 02:16:30 |weakness creates a necessity for me to have a training with what I mean by
1460 |1459 |02:16:30 ~-~-> 02:16:36 |that, for me, it was shorting. I need to keep the training wheel on me as a bear.
1461 |1460 |02:16:37 ~-~-> 02:16:39 |When I first started trading as a trader, I was afraid of shorting I
1462 |1461 |02:16:39 ~-~-> 02:16:44 |didn't understand the concept, how can you sell something you don't have. And
1463 |1462 |02:16:44 ~-~-> 02:16:51 |over time, years, I became more comfortable trying it. And it took a lot
1464 |1463 |02:16:51 ~-~-> 02:16:56 |for me to work through losing going short. Because I was wrestling with
1465 |1464 |02:16:56 ~-~-> 02:17:00 |these preconceived notions that the market action I've had up until that
1466 |1465 |02:17:00 ~-~-> 02:17:05 |time, with only being long. I wanted to be a bull. It made sense for me, because
1467 |1466 |02:17:05 ~-~-> 02:17:09 |and why did I think that? I heard one statement. This is why I want you to
1468 |1467 |02:17:09 ~-~-> 02:17:14 |understand this is why it weighs heavily on me. As a mentor, we're having this
1469 |1468 |02:17:14 ~-~-> 02:17:21 |many people following me now. Larry Williams said, in his four VHS tape
1470 |1469 |02:17:21 ~-~-> 02:17:27 |course, the confidential future trading millionaire core hilarious. Oh, he's
1471 |1470 |02:17:27 ~-~-> 02:17:32 |butchered the title. The the statement he made was, the stock market is
1472 |1471 |02:17:32 ~-~-> 02:17:42 |predisposed to go up. So therefore, if my hero, the first real mentor that I
1473 |1472 |02:17:42 ~-~-> 02:17:47 |had, that I subscribed to everything said hung on every word. He said. I
1474 |1473 |02:17:47 ~-~-> 02:17:54 |trusted everything that means said in print, or spoke. And I hung on every
1475 |1474 |02:17:54 ~-~-> 02:17:59 |word. And because you said that, that was enough for me to never want to go
1476 |1475 |02:17:59 ~-~-> 02:18:09 |short. Now, I am aware that some of you have an unhealthy reverence towards me.
1477 |1476 |02:18:09 ~-~-> 02:18:16 |And it's not appropriate. And I don't want to be taken out of context. I don't
1478 |1477 |02:18:16 ~-~-> 02:18:19 |want to be used as an instigation for you to get into something that's going
1479 |1478 |02:18:19 ~-~-> 02:18:27 |to hurt you. And I had no real direct reason to be blamed for it. Whatever the
1480 |1479 |02:18:27 ~-~-> 02:18:34 |outcome, your results are entirely yours. And with this number of people
1481 |1480 |02:18:34 ~-~-> 02:18:40 |now following me, it's extremely intimidating. I'm not the I'm not afraid
1482 |1481 |02:18:40 ~-~-> 02:18:44 |to do it wrong. Okay, that's, that's not what this is. Clearly, I can still talk
1483 |1482 |02:18:44 ~-~-> 02:18:48 |about and I'll talk about tomorrow what I think's gonna happen. My stuff doesn't
1484 |1483 |02:18:49 ~-~-> 02:18:52 |stop working. Because there's more people falling. It doesn't I'm not
1485 |1484 |02:18:52 ~-~-> 02:18:54 |worried about more people learning how to do it, you're gonna change your
1486 |1485 |02:18:54 ~-~-> 02:18:58 |algorithm. That's not how this is going to work. Okay, it's not going to stop
1487 |1486 |02:18:58 ~-~-> 02:19:02 |working. It's never gonna stop working is your answer. It's never ever, ever,
1488 |1487 |02:19:02 ~-~-> 02:19:08 |ever, ever, ever going to stop working, because it is the market. This is what
1489 |1488 |02:19:08 ~-~-> 02:19:12 |the markets do. When the markets are no longer available to us to be traded.
1490 |1489 |02:19:12 ~-~-> 02:19:16 |That's when you can't trust it or rely on it. Because nobody can do anything
1491 |1490 |02:19:16 ~-~-> 02:19:20 |with the training. This is not allowed anymore. Is there ever gonna be a time
1492 |1491 |02:19:20 ~-~-> 02:19:23 |for that to happen? I don't know. But look at the world the last three years,
1493 |1492 |02:19:23 ~-~-> 02:19:26 |who the fuck knows what's gonna happen next. They're trying to do all kinds of
1494 |1493 |02:19:26 ~-~-> 02:19:33 |crazy shit all the time. That agenda is trying to fulfill and get to and at this
1495 |1494 |02:19:33 ~-~-> 02:19:37 |point, nothing's off the table. But why worry about it because it might not ever
1496 |1495 |02:19:37 ~-~-> 02:19:41 |happen in your lifetime. And you shit the bed. Don't worry about trying to
1497 |1496 |02:19:41 ~-~-> 02:19:44 |pursue something and make your life better because you think it's going to
1498 |1497 |02:19:44 ~-~-> 02:19:49 |stop working. When you could have had five years of doing it and change it and
1499 |1498 |02:19:49 ~-~-> 02:19:58 |set yourself up for life. You have selective hearing. Some of you don't
1500 |1499 |02:19:58 ~-~-> 02:20:02 |want to succeed because you Don't think you deserve it. And it's easier for you
1501 |1500 |02:20:02 ~-~-> 02:20:10 |to justify some scenario in your head. And why bother? Because ICT is given
1502 |1501 |02:20:10 ~-~-> 02:20:15 |secret signals that the end of the world is coming. So why bother learning how to
1503 |1502 |02:20:15 ~-~-> 02:20:19 |trade pisses me off when I see people do that? I made comment, like, you know, if
1504 |1503 |02:20:19 ~-~-> 02:20:23 |you're saying that we're going to have all these problems, and it's going to
1505 |1504 |02:20:23 ~-~-> 02:20:26 |get harder. You know, why bother learning trading? You know what block,
1506 |1505 |02:20:27 ~-~-> 02:20:31 |because I can't fix that mentality. That's an ass backwards mentality.
1507 |1506 |02:20:32 ~-~-> 02:20:37 |That's a victimhood mentality. Okay. Until you can't drive this bitch
1508 |1507 |02:20:37 ~-~-> 02:20:43 |forward, you drive it to the brakes fall off. That's how you do it. Occupy until
1509 |1508 |02:20:43 ~-~-> 02:20:46 |I come that was his instructions. Okay. I'm not going to get religious or
1510 |1509 |02:20:46 ~-~-> 02:20:52 |spiritual here, but that was his instructions. stay busy. Okay. If
1511 |1510 |02:20:52 ~-~-> 02:20:56 |you're, if you're just really like, oh, you know, things are harder. Why bother?
1512 |1511 |02:20:56 ~-~-> 02:21:01 |Well, that's why 99% of people stay working their job. They're too afraid to
1513 |1512 |02:21:01 ~-~-> 02:21:09 |do anything. Not me. Not me, man. I was ready to quit every job I went into. If
1514 |1513 |02:21:09 ~-~-> 02:21:13 |I knew I was gonna find something better. Done no two week notice, fuck
1515 |1514 |02:21:13 ~-~-> 02:21:17 |you keep your job on it here. I will find something better. Until I figured
1516 |1515 |02:21:17 ~-~-> 02:21:22 |out what I'm doing. I like I'm going to not waste my time listening to people
1517 |1516 |02:21:22 ~-~-> 02:21:28 |that are stupid as fuck, but have a manager's title. Okay, I was managed by
1518 |1517 |02:21:28 ~-~-> 02:21:33 |Carl's that's where that whole idea comes from Carl. Okay, there was a guy.
1519 |1518 |02:21:34 ~-~-> 02:21:38 |There's a guy that I worked for. That literally was fucking stupid, his shit.
1520 |1519 |02:21:39 ~-~-> 02:21:43 |He had no idea what he's doing. It was a client, he was a clown. But he acted
1521 |1520 |02:21:43 ~-~-> 02:21:47 |like he knew everything. And upper management even talk down to him in
1522 |1521 |02:21:47 ~-~-> 02:21:50 |front of us. But then he would turn around and talk to me and everybody else
1523 |1522 |02:21:50 ~-~-> 02:21:56 |on my crew. I'm like, fuck this shit. I'm out here. He's still doing that job.
1524 |1523 |02:21:56 ~-~-> 02:22:02 |Why is he still employed the fuck knows. But he never improved, he never went off
1525 |1524 |02:22:02 ~-~-> 02:22:06 |to upper management. And they weren't smart enough to fire his ass. And that's
1526 |1525 |02:22:06 ~-~-> 02:22:10 |what most of you are going to be relegating yourself to don't make any
1527 |1526 |02:22:10 ~-~-> 02:22:14 |change. Why bother? Change is scary. I might as well just eat the shit that
1528 |1527 |02:22:14 ~-~-> 02:22:19 |they're willing to spoon feed me based on getting some of my bills paid, and I
1529 |1528 |02:22:19 ~-~-> 02:22:22 |might not have the life I want. But it's acceptable enough for me now, why would
1530 |1529 |02:22:22 ~-~-> 02:22:30 |you accept that? You're worrying about something that might not happen in your
1531 |1530 |02:22:30 ~-~-> 02:22:30 |lifetime.
1532 |1531 |02:22:32 ~-~-> 02:22:37 |And you miss the opportunity to improve your life where you don't give a fuck
1533 |1532 |02:22:37 ~-~-> 02:22:39 |what they're doing in this world. Yeah, I have a lot of money. And if they
1534 |1533 |02:22:39 ~-~-> 02:22:43 |changed the way money is done, which I think it might happen. It might happen
1535 |1534 |02:22:43 ~-~-> 02:22:51 |in my lifetime. In my money becomes worthless. We could potentially become
1536 |1535 |02:22:51 ~-~-> 02:22:56 |Venezuela 2.0 in the United States, it could happen. We could see it, but I'm
1537 |1536 |02:22:56 ~-~-> 02:22:59 |not going to lose sleep and drive myself fucking crazy and just stop living my
1538 |1537 |02:22:59 ~-~-> 02:23:05 |life because the potential is there. No, fuck no. I'm worried about that. That
1539 |1538 |02:23:05 ~-~-> 02:23:12 |means you're not living your years waiting to die. That's not That's not
1540 |1539 |02:23:12 ~-~-> 02:23:18 |what I want to do. And if you think that way, oh, well, why bother. They don't
1541 |1540 |02:23:18 ~-~-> 02:23:22 |listen to anybody, not just me. Don't listen to nobody to sit around and wait
1542 |1541 |02:23:22 ~-~-> 02:23:27 |to fucking die. To sit down and wait and wait to die. And just accept that
1543 |1542 |02:23:27 ~-~-> 02:23:33 |greeted with a warm hug. Because that's a victimhood mentality. I don't
1544 |1543 |02:23:33 ~-~-> 02:23:38 |cultivate that here. I kick you on your ass, tell you exactly the way it is. I
1545 |1544 |02:23:38 ~-~-> 02:23:41 |don't sugarcoat anything, you're going to work very hard to learn how to do
1546 |1545 |02:23:41 ~-~-> 02:23:46 |this. And the folks that get there, they know that they work their ass off to get
1547 |1546 |02:23:46 ~-~-> 02:23:50 |it. And no one can tell them they didn't earn it. But you're not going to come in
1548 |1547 |02:23:50 ~-~-> 02:23:54 |here and waltz through with a shortcut and somehow find your way to the front
1549 |1548 |02:23:54 ~-~-> 02:23:59 |of the line. I've ever sold that idea. I've promised that you're gonna have to
1550 |1549 |02:23:59 ~-~-> 02:24:03 |do a whole lot of things you're uncomfortable doing. Defer a lot of
1551 |1550 |02:24:03 ~-~-> 02:24:08 |instant gratification that you think is owed to you. But you're trying to avoid
1552 |1551 |02:24:08 ~-~-> 02:24:16 |it by overexposure doing more than is necessary. I was very pleased to see
1553 |1552 |02:24:16 ~-~-> 02:24:19 |someone in their videos that are now implementing what I've been talking
1554 |1553 |02:24:19 ~-~-> 02:24:23 |about last couple weeks, which is a gave me a challenge to trade with one micro
1555 |1554 |02:24:23 ~-~-> 02:24:32 |account on one micro contract. And the point was is you would discover Fear Of
1556 |1555 |02:24:32 ~-~-> 02:24:37 |Missing Out is no longer an issue. Fear of holding onto a trade or getting
1557 |1556 |02:24:37 ~-~-> 02:24:43 |stopped out is no longer an issue. performance anxiety about how much you
1558 |1557 |02:24:43 ~-~-> 02:24:49 |have to make goes away over time because if you can start making 50 bucks a day.
1559 |1558 |02:24:51 ~-~-> 02:24:57 |You just make $50 a day some of you that are in Africa. Literally that would take
1560 |1559 |02:24:57 ~-~-> 02:25:02 |away a lot of your problems. Law Out of your problems. If you just do that once
1561 |1560 |02:25:02 ~-~-> 02:25:09 |a week, a lot of your problems will go away. But you see me you see my students
1562 |1561 |02:25:09 ~-~-> 02:25:15 |and other people showing 10s of 1000s of dollars. And you think that this is the
1563 |1562 |02:25:15 ~-~-> 02:25:22 |only way to view success in you subscribed to the problem in this
1564 |1563 |02:25:22 ~-~-> 02:25:30 |industry, in which is permeated with my you mail theology. It's Dick measuring.
1565 |1564 |02:25:30 ~-~-> 02:25:33 |It's really what it is. I hate to be crude, but that's exactly what this is.
1566 |1565 |02:25:33 ~-~-> 02:25:37 |Okay. When somebody looks at somebody and says, Oh, well, yeah, you only did
1567 |1566 |02:25:37 ~-~-> 02:25:44 |this, but this is what I did. Okay? Show the whole fucking year, not one day,
1568 |1567 |02:25:44 ~-~-> 02:25:48 |where you did something nice. And you gave her a smile. Okay, show the whole
1569 |1568 |02:25:48 ~-~-> 02:25:56 |year, what you deposited and what you're left with, that's quite a 1099 B. Okay,
1570 |1569 |02:25:57 ~-~-> 02:26:00 |that's funny how you don't see that shit in the industry. But they want to show
1571 |1570 |02:26:00 ~-~-> 02:26:03 |you a screenshot on Mt four, or show you one broker statement that's three pages
1572 |1571 |02:26:03 ~-~-> 02:26:07 |long, which means they over fucking traded and only made 60 Fucking bucks on
1573 |1572 |02:26:07 ~-~-> 02:26:17 |average per contract. Yeah, that's a Mnemic. You worry about all the wrong
1574 |1573 |02:26:17 ~-~-> 02:26:21 |things and don't press enough on the things that I tell you, you should be.
1575 |1574 |02:26:21 ~-~-> 02:26:26 |If you do the work on the areas, I tell you to focus on most of the problems
1576 |1575 |02:26:26 ~-~-> 02:26:30 |that you're going to find that most other traders go through. And you want
1577 |1576 |02:26:30 ~-~-> 02:26:34 |to avoid either, but you'll go through it sooner. It'll be less painful, but it
1578 |1577 |02:26:34 ~-~-> 02:26:37 |still has to be done. If you do the things I tell you to do and avoid the
1579 |1578 |02:26:37 ~-~-> 02:26:41 |things I tell you to avoid. You'll get through it sooner, but I'm not promising
1580 |1579 |02:26:41 ~-~-> 02:26:45 |you speedily through it. But the shortest distance between one place to
1581 |1580 |02:26:45 ~-~-> 02:26:50 |another is a straight line. And some of you want to do this roller coaster, up
1582 |1581 |02:26:50 ~-~-> 02:26:53 |and down and distraction and allanon. Try this. He's got something coming out
1583 |1582 |02:26:53 ~-~-> 02:26:56 |next month. He's got a new model. I can't wait first of all, because I'm
1584 |1583 |02:26:56 ~-~-> 02:26:59 |going to drop everything I've learned so far. And I'm gonna do whatever He tells
1585 |1584 |02:26:59 ~-~-> 02:27:11 |me in this book. Who's at fault when you don't get there? You? Whose credit is
1586 |1585 |02:27:11 ~-~-> 02:27:20 |it? When you get there? Yours. I'm just a conduit. I'm just the person that's
1587 |1586 |02:27:20 ~-~-> 02:27:26 |relaying the information. But if you don't listen to good advice, that sound
1588 |1587 |02:27:26 ~-~-> 02:27:29 |I'm not telling you to go out there and risk money. I'm telling you. These are
1589 |1588 |02:27:29 ~-~-> 02:27:35 |times when I'm not trying to do it with my own. What does that communicate? Does
1590 |1589 |02:27:35 ~-~-> 02:27:39 |that communicate that this is going to be an easy market. ICT is going to go
1591 |1590 |02:27:39 ~-~-> 02:27:43 |out there and slap that around. He's going to come out here and just show
1592 |1591 |02:27:43 ~-~-> 02:27:46 |this and show that show this No, I'm aware that this is going to be
1593 |1592 |02:27:46 ~-~-> 02:27:53 |problematic. And if given to my own devices, I'm prone to show humanity that
1594 |1593 |02:27:53 ~-~-> 02:27:59 |I exposed myself in as a 20 year old where I'm frail. And I will get angry.
1595 |1594 |02:27:59 ~-~-> 02:28:04 |If I do it wrong. I want to do it again. So I spent time over the last 30 years
1596 |1595 |02:28:04 ~-~-> 02:28:09 |identifying where those circumstances manifested itself. And what
1597 |1596 |02:28:09 ~-~-> 02:28:14 |characteristics Did it have that I can identify going into a new week or new
1598 |1597 |02:28:14 ~-~-> 02:28:21 |trading day where I can anticipate this unfolding again, so I can avoid it. If
1599 |1598 |02:28:21 ~-~-> 02:28:27 |there's a pitfall there, if there's a snare, or quicksand, something that's
1600 |1599 |02:28:27 ~-~-> 02:28:31 |going to cause me to stumble, I want to know about it in advance. I don't want
1601 |1600 |02:28:31 ~-~-> 02:28:34 |to blindly walk into a dark room with sharp objects pointing at me and run
1602 |1601 |02:28:34 ~-~-> 02:28:39 |into a full steam. And that's exactly what some of you are wanting to do. And
1603 |1602 |02:28:39 ~-~-> 02:28:45 |then surprise why you got your SM failed. Oh how that happened? Good
1604 |1603 |02:28:45 ~-~-> 02:28:49 |grief, man. I'm never going to win this stuff. It's rigged against me. None of
1605 |1604 |02:28:49 ~-~-> 02:28:56 |this stuff works. It is a fraud. That's the short. That's the short cycle of
1606 |1605 |02:28:56 ~-~-> 02:28:59 |most of the people that come to me and they don't do it. Right. They try to
1607 |1606 |02:28:59 ~-~-> 02:29:03 |rush through it. And it's an ethic common consensus at the end, when
1608 |1607 |02:29:03 ~-~-> 02:29:07 |they've done everything wrong. They've done everything wrong. They didn't do
1609 |1608 |02:29:07 ~-~-> 02:29:10 |the things that tell them to focus on. But it's interesting when the folks that
1610 |1609 |02:29:10 ~-~-> 02:29:18 |put the work in the real work. The real work is for you to stay diligent, doing
1611 |1610 |02:29:18 ~-~-> 02:29:21 |the things I tell you to focus on. Because once you get that data behind
1612 |1611 |02:29:21 ~-~-> 02:29:27 |you, and you have all of this exposure to looking for in old data, where you
1613 |1612 |02:29:27 ~-~-> 02:29:32 |can't weigh it out where it's a report card for you as a pass or fail a profit
1614 |1613 |02:29:32 ~-~-> 02:29:38 |or a loss. It's you conditioning yourself seeing something that
1615 |1614 |02:29:38 ~-~-> 02:29:42 |repetition of looking at this is what looks like in hindsight over and over
1616 |1615 |02:29:42 ~-~-> 02:29:47 |and over again. In the first time I ever mentioned the fair value gap. You didn't
1617 |1616 |02:29:47 ~-~-> 02:29:54 |understand it. You're thinking, wow, what makes that a fair value? Like it
1618 |1617 |02:29:54 ~-~-> 02:29:58 |wasn't easy to see it even though it is the easiest visual representation of a
1619 |1618 |02:29:58 ~-~-> 02:30:06 |PDF The easiest thing to see. But now by contrast, you look at a chart, as
1620 |1619 |02:30:06 ~-~-> 02:30:10 |someone's chart gets put up on on social media, or you watch another YouTuber
1621 |1620 |02:30:10 ~-~-> 02:30:14 |that doesn't do anything that we do. And they're looking at charts, and they
1622 |1621 |02:30:14 ~-~-> 02:30:17 |point up a chart, and they have whatever the fuck they put on their chart, it
1623 |1622 |02:30:17 ~-~-> 02:30:21 |could be indicators, no indication, it doesn't matter. But your eye will
1624 |1623 |02:30:21 ~-~-> 02:30:25 |immediately jump right to that fear Vega. And it's amazing how they don't
1625 |1624 |02:30:25 ~-~-> 02:30:28 |even fucking talk about it. And there's a trade right when it trades into it.
1626 |1625 |02:30:28 ~-~-> 02:30:33 |They don't talk about it, it starts moving. And then he's saying, Wow, yes,
1627 |1626 |02:30:33 ~-~-> 02:30:36 |this is a nice runner. Good. Good, I think right there. But you saw that
1628 |1627 |02:30:36 ~-~-> 02:30:42 |coming? How did that happen? By conditioning yourself, looking at old
1629 |1628 |02:30:42 ~-~-> 02:30:47 |data, back testing, studying, logging it, journaling, annotating it that way,
1630 |1629 |02:30:47 ~-~-> 02:30:52 |it means something to you, and you sugarcoat it with commentary, like you
1631 |1630 |02:30:52 ~-~-> 02:30:57 |saw it live, your training your subconscious, you're tricking your
1632 |1631 |02:30:57 ~-~-> 02:31:01 |brain, as a pseudo experience, as a moment, a moment or a memory that did
1633 |1632 |02:31:01 ~-~-> 02:31:06 |not physically happen. But you're basically it's like a self self
1634 |1633 |02:31:06 ~-~-> 02:31:11 |hypnosis, exactly what it is. You're conditioning your subconscious, to see
1635 |1634 |02:31:11 ~-~-> 02:31:16 |that as a memory that you experienced real time. And you're shielding all the
1636 |1635 |02:31:16 ~-~-> 02:31:21 |negative. And you're sugarcoating it with your commentary. And you do this
1637 |1636 |02:31:21 ~-~-> 02:31:29 |every day, for months. By default, when you're watching Real Time, price action
1638 |1637 |02:31:29 ~-~-> 02:31:30 |and your tape reading, it
1639 |1638 |02:31:30 ~-~-> 02:31:33 |means you're not pressing a demo, you're not doing a combine challenge, you're
1640 |1639 |02:31:33 ~-~-> 02:31:35 |not pressing a button with a live account, you're not trading a funded
1641 |1640 |02:31:35 ~-~-> 02:31:41 |account. You're just simply observing price action, and you're watching it and
1642 |1641 |02:31:41 ~-~-> 02:31:45 |you're seeing does it behave like you would expect, where there's no monetary
1643 |1642 |02:31:45 ~-~-> 02:31:49 |result that's going to be detrimental, or impactful in a positive sense at all.
1644 |1643 |02:31:49 ~-~-> 02:31:54 |Because you're not pressing the button, you will start seeing that you can read
1645 |1644 |02:31:54 ~-~-> 02:31:59 |the price action real time, you need to do that for months. Once you're
1646 |1645 |02:31:59 ~-~-> 02:32:03 |consistently able to do that, unless you can do that part. And you can see what
1647 |1646 |02:32:03 ~-~-> 02:32:06 |these moves are going to do. And you can see when price runs begin, where it
1648 |1647 |02:32:06 ~-~-> 02:32:10 |should not go past this point, at this point here. It should reach up here. Why
1649 |1648 |02:32:10 ~-~-> 02:32:13 |the fuck are you touching a demo account? If you can't do that, why are
1650 |1649 |02:32:13 ~-~-> 02:32:18 |you three, don't even reset the account, don't touch it. The only thing that that
1651 |1650 |02:32:18 ~-~-> 02:32:22 |demo accounts going to do is cause you to believe that you're ready to do
1652 |1651 |02:32:22 ~-~-> 02:32:26 |something that you're not. And you're gonna have selective memory about all
1653 |1652 |02:32:26 ~-~-> 02:32:29 |the times that you didn't do it right. And there's two or three times where it
1654 |1653 |02:32:29 ~-~-> 02:32:39 |made $50,000 with a 50 lot on gold. And you took 16 entries I don't even know
1655 |1654 |02:32:39 ~-~-> 02:32:44 |why the fuck you did it. But they're only off by one tick. That makes me sick
1656 |1655 |02:32:44 ~-~-> 02:32:48 |when I see empty for guys don't that shit. Here's my goal to just today 50
1657 |1656 |02:32:48 ~-~-> 02:32:53 |Lots and look at their entry prices. They're off by one tick, that means
1658 |1657 |02:32:53 ~-~-> 02:32:55 |they're just doing a whole bunch of shit. They're shut down, then boom,
1659 |1658 |02:32:55 ~-~-> 02:32:59 |boom, boom, boom, boom, boom, boom, boom, boom, no logic being employed. And
1660 |1659 |02:32:59 ~-~-> 02:33:04 |they're getting out. Just a couple points that are so fucking over
1661 |1660 |02:33:04 ~-~-> 02:33:09 |leveraged. Again, all these multiple entries start paying attention.
1662 |1661 |02:33:09 ~-~-> 02:33:12 |Everybody wants to look at that number on the right hand side, those blue
1663 |1662 |02:33:12 ~-~-> 02:33:17 |numbers showing the money, that's fake, you know, by shit with that. They're not
1664 |1663 |02:33:17 ~-~-> 02:33:22 |paying taxes on it. But that gives them a rise, it makes them feel good because
1665 |1664 |02:33:22 ~-~-> 02:33:26 |someone gives them a like, and now they got a dopamine hit. That's what they're
1666 |1665 |02:33:26 ~-~-> 02:33:29 |trading that demo account for because they don't have any fucking skill, they
1667 |1666 |02:33:29 ~-~-> 02:33:32 |ain't gonna make any money off of it. They are getting the reaction that makes
1668 |1667 |02:33:32 ~-~-> 02:33:35 |them feel significant on social media. These are social media people, they're
1669 |1668 |02:33:35 ~-~-> 02:33:41 |not traders. They're getting their scratch an itch off of that interaction.
1670 |1669 |02:33:41 ~-~-> 02:33:45 |And you're being inspired thinking, well, I could just do that, but they're
1671 |1670 |02:33:45 ~-~-> 02:33:52 |not doing anything. And you avoid the real work that's required to make those
1672 |1671 |02:33:52 ~-~-> 02:33:57 |real numbers where you can withdraw all that kind of fucking money and spend it.
1673 |1672 |02:33:59 ~-~-> 02:34:03 |Make a change in your life to impact your family tree. Start doing things on
1674 |1673 |02:34:03 ~-~-> 02:34:07 |a positive, but you're not going to get there overnight. And you're going to
1675 |1674 |02:34:07 ~-~-> 02:34:12 |have you're gonna have times in the market where it kicks your fucking ass.
1676 |1675 |02:34:13 ~-~-> 02:34:19 |And you got to go home with whelps bruises, contusions, concussions, maybe.
1677 |1676 |02:34:21 ~-~-> 02:34:25 |And when you blow your account, it just gets it puts you in a coma. It's all
1678 |1677 |02:34:25 ~-~-> 02:34:28 |until you get enough more scratch to get in there and reset that account and re
1679 |1678 |02:34:28 ~-~-> 02:34:33 |re up it again. It's just a fucking trading coma. Not every column was
1680 |1679 |02:34:33 ~-~-> 02:34:37 |terminal. So you get the scratch that put back in your account. Then you're
1681 |1680 |02:34:37 ~-~-> 02:34:44 |gonna Poma. But people that want to trade blowing an account ain't going to
1682 |1681 |02:34:44 ~-~-> 02:34:51 |stop that. They have a tenacious spirit within them. And it's required, not
1683 |1682 |02:34:51 ~-~-> 02:34:55 |required to to blow your account or accounts, but the tenacity to know that
1684 |1683 |02:34:55 ~-~-> 02:34:59 |even if you fuck it up, even if you do something wrong, and you habitually do
1685 |1684 |02:34:59 ~-~-> 02:35:03 |it wrong in the beginning, that's not a terminal outcome for you as a traitor.
1686 |1685 |02:35:03 ~-~-> 02:35:07 |This means that you have a lot of opportunity to fix. But so many of you
1687 |1686 |02:35:07 ~-~-> 02:35:10 |are walking around with the with your hands like blinders on, pretending that
1688 |1687 |02:35:10 ~-~-> 02:35:14 |you're not doing those things to yourself. And you're only focusing on
1689 |1688 |02:35:14 ~-~-> 02:35:18 |the good stuff, that you're not identifying the areas to improve on.
1690 |1689 |02:35:19 ~-~-> 02:35:24 |When you journal you sugarcoat yourself, but you have to be conscious to the
1691 |1690 |02:35:24 ~-~-> 02:35:28 |things that you're repeating that are problematic. You don't record those
1692 |1691 |02:35:28 ~-~-> 02:35:34 |negatively in your journal, you make observations, and you work towards
1693 |1692 |02:35:34 ~-~-> 02:35:38 |removing opportunities for those things to be invited into your trading or your
1694 |1693 |02:35:38 ~-~-> 02:35:42 |progress. While you're going through the motions of learning how to trade you
1695 |1694 |02:35:42 ~-~-> 02:35:47 |want to keep the stimuli at a minimum social media is not the best thing for
1696 |1695 |02:35:47 ~-~-> 02:35:51 |that. It's the worst thing you're gonna get people giving you influence about
1697 |1696 |02:35:51 ~-~-> 02:35:55 |why you're wasting time doing this. Their shifts supposed to be better than
1698 |1697 |02:35:55 ~-~-> 02:35:59 |their fucking blowing accounts out there fucking cherry picking their use their
1699 |1698 |02:35:59 ~-~-> 02:36:04 |successes, but they're not willing to show you everything. And because you're
1700 |1699 |02:36:04 ~-~-> 02:36:09 |toxic, because you can't find success, it's easier for you to jump on somebody
1701 |1700 |02:36:09 ~-~-> 02:36:14 |else. opinion about me or anyone elses that may have helped other people
1702 |1701 |02:36:14 ~-~-> 02:36:20 |because you're hurting and misery loves company. Yeah, I subscribe to that view
1703 |1702 |02:36:20 ~-~-> 02:36:23 |because I feel like I had a bad day and this feels good to me. It's about
1704 |1703 |02:36:23 ~-~-> 02:36:27 |something else besides myself. But thoughts on somebody else? But guess
1705 |1704 |02:36:27 ~-~-> 02:36:33 |what? You can't do that. In trading you own everything. Nobody puts you in your
1706 |1705 |02:36:33 ~-~-> 02:36:39 |trades but you did you did it. ICT never said buyer So Tom, Dick and Harry
1707 |1706 |02:36:39 ~-~-> 02:36:43 |mentorship, they might want to tell you even buy sell more to stop loss would be
1708 |1707 |02:36:43 ~-~-> 02:36:48 |if they use one. I don't do that here. I teach you how to reprice. Trust yourself
1709 |1708 |02:36:48 ~-~-> 02:36:52 |and your own analysis. And then when you do it the right way, you'll know that
1710 |1709 |02:36:52 ~-~-> 02:36:59 |moment. You'll know that moment. When you are absolutely comfortable going in
1711 |1710 |02:36:59 ~-~-> 02:37:03 |and assuming real risk. You'll never need to ask me, you'll know it won't be
1712 |1711 |02:37:03 ~-~-> 02:37:07 |overconfidence. It'll be sheer boredom. But you know that once you start doing
1713 |1712 |02:37:07 ~-~-> 02:37:11 |this, you're going to make money, you won't be perfect, you'll have losing
1714 |1713 |02:37:11 ~-~-> 02:37:14 |trades, but that losing trade will not change your mind about what you're
1715 |1714 |02:37:14 ~-~-> 02:37:20 |doing, your model still works. See, you're not taught to think that way.
1716 |1715 |02:37:21 ~-~-> 02:37:26 |This industry doesn't teach them that it doesn't do that at all. It's get rich
1717 |1716 |02:37:26 ~-~-> 02:37:33 |quick. Push your edge when you don't have an edge in beginning. So if you
1718 |1717 |02:37:33 ~-~-> 02:37:37 |have a dull edge, and you're pushing it, how can you expect to carve out
1719 |1718 |02:37:37 ~-~-> 02:37:50 |profitability? You can't in a doll knife is dangerous. That said, prep. A dull
1720 |1719 |02:37:50 ~-~-> 02:37:56 |knife is dangerous. You're expecting it to display and perform a function. And
1721 |1720 |02:37:56 ~-~-> 02:38:02 |when it doesn't do it, you can get injured when a sharp knife that's in the
1722 |1721 |02:38:02 ~-~-> 02:38:09 |hands of someone that knows how to use it and respects this instrument. It's a
1723 |1722 |02:38:09 ~-~-> 02:38:14 |safe instrument. But in the hands of someone that's not experienced with it,
1724 |1723 |02:38:14 ~-~-> 02:38:21 |they themselves and anyone else around it can be harmed. It's maturity it's its
1725 |1724 |02:38:21 ~-~-> 02:38:29 |objectivity. And you need to know knowing where you're going to be in
1726 |1725 |02:38:29 ~-~-> 02:38:36 |trouble. How do you do that experience? How do you get the experience doing the
1727 |1726 |02:38:36 ~-~-> 02:38:42 |things I tell you avoid the things that tell you not to do journaling allow for
1728 |1727 |02:38:42 ~-~-> 02:38:47 |the experience to take root and that experience will lift you like a feather
1729 |1728 |02:38:49 ~-~-> 02:38:52 |it'll carry you through these times where everybody else is going to be like
1730 |1729 |02:38:52 ~-~-> 02:38:56 |man I miss these news or I lost my account Chase and this but this is the
1731 |1730 |02:38:56 ~-~-> 02:38:59 |move I should have saw coming there's a lot of regret right now on social media
1732 |1731 |02:38:59 ~-~-> 02:39:05 |over this week. A lot of people in our community killed it did real well. But
1733 |1732 |02:39:05 ~-~-> 02:39:09 |there's some people and I said I wish I wouldn't trade it and that hurts me
1734 |1733 |02:39:09 ~-~-> 02:39:18 |because I I do go out of my way to point to times when even in my own trading
1735 |1734 |02:39:18 ~-~-> 02:39:24 |admittedly I'll have less precision because of the climate that we're in
1736 |1735 |02:39:25 ~-~-> 02:39:30 |it's it's more likely to be heavily manipulated you don't think for a moment
1737 |1736 |02:39:30 ~-~-> 02:39:36 |for for just for the sake of discussion here okay. With everything that's going
1738 |1737 |02:39:36 ~-~-> 02:39:42 |on, and the profit that's made in war you don't think that they're actively
1739 |1738 |02:39:42 ~-~-> 02:39:48 |engaging in trying to keep it all this stuff going we're calling on Israel does
1740 |1739 |02:39:48 ~-~-> 02:39:54 |not do the ground invasion don't want to be may say that on the surface, but
1741 |1740 |02:39:54 ~-~-> 02:39:58 |they're secretly wanting all that to happen and more because they're gonna
1742 |1741 |02:39:58 ~-~-> 02:40:05 |fucking profit off of it. wartime machines make billions of dollars. And
1743 |1742 |02:40:05 ~-~-> 02:40:13 |whenever there's a problem, no car they use is war. I said all this stuff in the
1744 |1743 |02:40:13 ~-~-> 02:40:19 |summer of 2016. Everything that's happening right now, they're following
1745 |1744 |02:40:19 ~-~-> 02:40:26 |the same MO. It's the same process they do all the time. And you don't want to
1746 |1745 |02:40:26 ~-~-> 02:40:30 |believe as an algorithm, you honestly think that their whole structure and
1747 |1746 |02:40:30 ~-~-> 02:40:36 |their whole financial empires, that they kill presidents and leaders and put
1748 |1747 |02:40:36 ~-~-> 02:40:41 |other people in that way, you can't have a central bank in that country. But
1749 |1748 |02:40:41 ~-~-> 02:40:44 |there's no algorithm, there's no manipulation, there's no control, where
1750 |1749 |02:40:44 ~-~-> 02:40:49 |they're going to let their empire be at the control and risk of a group of
1751 |1750 |02:40:49 ~-~-> 02:41:00 |speculators. Man, that's something that's a religion right there. Oh, man,
1752 |1751 |02:41:00 ~-~-> 02:41:06 |it's rich. You really think that they're not going to have things in place to
1753 |1752 |02:41:06 ~-~-> 02:41:10 |control how far I can go. And when it's going to go where they want it to? They
1754 |1753 |02:41:10 ~-~-> 02:41:14 |do so much to make sure that they can put a central bank in any country of
1755 |1754 |02:41:14 ~-~-> 02:41:23 |their choosing. But they don't run. Don't run the purchase. Man, seriously,
1756 |1755 |02:41:23 ~-~-> 02:41:29 |seriously. You drank the Kool Aid, you really really have fallen for it.
1757 |1756 |02:41:33 ~-~-> 02:41:39 |I get it. I know it completely upsets the whole thing. And you'll be viewed as
1758 |1757 |02:41:39 ~-~-> 02:41:47 |a as a weirdo some kind of a zealot and nutcase and conspiracy theorist funny
1759 |1758 |02:41:47 ~-~-> 02:41:50 |thing about conspiracy theorists they tend to be pretty accurate they're
1760 |1759 |02:41:50 ~-~-> 02:41:54 |they're what the other currents of conspiracy theories are saying this the
1761 |1760 |02:41:54 ~-~-> 02:41:58 |other day and my son said, You know what? I told you a UFO was going to be a
1762 |1761 |02:41:58 ~-~-> 02:42:03 |thing. Now they're all over the place. And now that they're making that said,
1763 |1762 |02:42:03 ~-~-> 02:42:07 |and they brought these fake alien bodies to Mexico brought down their fucking
1764 |1763 |02:42:07 ~-~-> 02:42:12 |fake Come on. Then they got Bigfoot pot. I don't know if you saw it. But in
1765 |1764 |02:42:12 ~-~-> 02:42:17 |Arizona, some couple was riding on the train. And then there's some big
1766 |1765 |02:42:17 ~-~-> 02:42:20 |footlocker sits down he's walking train goodbye. So there's There's footage of
1767 |1766 |02:42:20 ~-~-> 02:42:24 |Bigfoot. So what are we missing now? The fucking Loch Ness Monster. I'm waiting
1768 |1767 |02:42:24 ~-~-> 02:42:28 |for it. Someone's gonna have Loch Ness Monster. Okay, they're gonna have
1769 |1768 |02:42:28 ~-~-> 02:42:33 |videos. Because nothing else is left on that list of conspiracy theories. Okay,
1770 |1769 |02:42:33 ~-~-> 02:42:36 |everything else has been checked off. All boxes have been checked. Simpsons
1771 |1770 |02:42:36 ~-~-> 02:42:40 |call the future like everything we are everything is a conspiracy until it's
1772 |1771 |02:42:40 ~-~-> 02:42:49 |not. So I get it. You won't be accepted in your circle of friends and
1773 |1772 |02:42:49 ~-~-> 02:42:55 |influences. And if you're in the financial industry, you know, you you're
1774 |1773 |02:42:55 ~-~-> 02:42:57 |not going to be able to talk about an algorithm running everything. Because
1775 |1774 |02:42:57 ~-~-> 02:43:00 |they're gonna be like, What are you talking about the, you know, we went to
1776 |1775 |02:43:00 ~-~-> 02:43:04 |school, we learned this, they put us through this and that, right? Because
1777 |1776 |02:43:04 ~-~-> 02:43:09 |you have an image to uphold. I don't have any hope. And it is bullshit. What
1778 |1777 |02:43:09 ~-~-> 02:43:14 |is the slogan for sprite image is nothing but your thirst. And I thirst
1779 |1778 |02:43:14 ~-~-> 02:43:18 |after excellence. I'm not going to drink their bullshit. I'm not gonna fall
1780 |1779 |02:43:18 ~-~-> 02:43:25 |victim to their bullshit shenanigans. The early on, I did. But when you
1781 |1780 |02:43:25 ~-~-> 02:43:31 |finally understand how all this stuff works, it's liberating. It's scary. You
1782 |1781 |02:43:31 ~-~-> 02:43:36 |think about how uncomfortable it is thinking like this. And now everybody
1783 |1782 |02:43:36 ~-~-> 02:43:40 |else doesn't think this way. And if you're weak minded, they'll beat you.
1784 |1783 |02:43:42 ~-~-> 02:43:47 |And make you feel like what you're thinking isn't real. Because they need
1785 |1784 |02:43:47 ~-~-> 02:43:52 |their shit. They need their illusion to be maintained. Otherwise a question it
1786 |1785 |02:43:52 ~-~-> 02:43:55 |brings into question their whole existence and their whole paradigm.
1787 |1786 |02:43:56 ~-~-> 02:44:04 |False. But when you take a step back and say, okay, look, you're sitting in the
1788 |1787 |02:44:04 ~-~-> 02:44:10 |house, you're talking to your spouse, or your boyfriend, girlfriend, somebody
1789 |1788 |02:44:10 ~-~-> 02:44:15 |else, it's in there with you, and you start talking about something. Now, all
1790 |1789 |02:44:15 ~-~-> 02:44:18 |of a sudden, your fucking phone starts throwing advertisements on the very
1791 |1790 |02:44:18 ~-~-> 02:44:24 |thing that you just talked about. Now, years ago, when it first started
1792 |1791 |02:44:24 ~-~-> 02:44:27 |happening, people were like, This must mean the universe is telling me I need
1793 |1792 |02:44:27 ~-~-> 02:44:32 |to buy this. Because look at this. It just keeps coming up. Or for some of
1794 |1793 |02:44:32 ~-~-> 02:44:36 |you, God must not need to buy this. This is the solution. When it's just the
1795 |1794 |02:44:36 ~-~-> 02:44:40 |fucking algorithm listening to you on a device that you paid for. It's ease
1796 |1795 |02:44:40 ~-~-> 02:44:47 |dropping and it's controlling you. It's inspiring you to spend money that you
1797 |1796 |02:44:47 ~-~-> 02:44:51 |probably can't afford to spend for shit that you don't need that nobody's gonna
1798 |1797 |02:44:51 ~-~-> 02:44:54 |give a fuck about that you own but you want to buy it because you want to
1799 |1798 |02:44:54 ~-~-> 02:45:00 |impress people that you don't like. But there's no algorithm in the market. have
1800 |1799 |02:45:03 ~-~-> 02:45:14 |some good shit man come on nearly is mind boggling is mind boggling that they
1801 |1800 |02:45:14 ~-~-> 02:45:25 |would risk the everything they've worked for all the control all the vast
1802 |1801 |02:45:25 ~-~-> 02:45:30 |richness and wealth and Empire that they've created. And they wouldn't have
1803 |1802 |02:45:31 ~-~-> 02:45:35 |mechanisms in place that call as to how markets go up and down how far they'll
1804 |1803 |02:45:35 ~-~-> 02:45:40 |go when they'll go time, everything. Time at all. And they don't have to
1805 |1804 |02:45:40 ~-~-> 02:45:48 |worry about it. It's controlled, it's scripted. And it's such a hard thing for
1806 |1805 |02:45:48 ~-~-> 02:45:57 |you to swallow when I'm proving every single week. Oh, it's fun. It's fun to
1807 |1806 |02:45:57 ~-~-> 02:46:08 |see. So many people resist it. Because deep down inside, they're thinking, if
1808 |1807 |02:46:08 ~-~-> 02:46:16 |that's real. Everything that I've lived is a lie. Everything that I believed in
1809 |1808 |02:46:17 ~-~-> 02:46:24 |is false. And I've been led astray and deceived. And I'm here to tell you,
1810 |1809 |02:46:24 ~-~-> 02:46:32 |that's exactly what has taken place. That's the truth. Deception. That's
1811 |1810 |02:46:32 ~-~-> 02:46:40 |what's been running rampant. Information has exploded. Everybody can see it now.
1812 |1811 |02:46:42 ~-~-> 02:46:48 |And when then spin, start amping, amping up and really accelerating. You honestly
1813 |1812 |02:46:48 ~-~-> 02:46:51 |believe that your social media is going to be acceptable and allowed Knoop
1814 |1813 |02:46:52 ~-~-> 02:47:00 |internet gonna be killed. When that's when we lose internet connection. It's
1815 |1814 |02:47:00 ~-~-> 02:47:04 |because the real shits hitting the fan. And they do not and will not allow cell
1816 |1815 |02:47:04 ~-~-> 02:47:12 |phone. Telephone for intimate, email will happen. Instant Message won't
1817 |1816 |02:47:12 ~-~-> 02:47:19 |happen. Social media updates won't happen. Even telegram won't happen then
1818 |1817 |02:47:19 ~-~-> 02:47:24 |you know you're in the ship. That's when shit is really hitting the fan. Because
1819 |1818 |02:47:24 ~-~-> 02:47:29 |they're not going to allow coordination. The sharing of information so that we
1820 |1819 |02:47:29 ~-~-> 02:47:34 |other people can make themselves ready. And that's not fear mongering. That's
1821 |1820 |02:47:34 ~-~-> 02:47:40 |just that's the reality. And until that day comes in that unfolds, I'm doing
1822 |1821 |02:47:40 ~-~-> 02:47:45 |whatever the fuck I'm doing normally. On a high hiding up in my house, I'm going
1823 |1822 |02:47:45 ~-~-> 02:47:50 |out. I'm shopping. I spend time my family, I'm going to restaurants. I'm
1824 |1823 |02:47:50 ~-~-> 02:47:54 |doing whatever the fuck I want to do. I'm not living in here. Neither should
1825 |1824 |02:47:54 ~-~-> 02:48:00 |you. But you need to be aware that there is the strong likelihood that there may
1826 |1825 |02:48:00 ~-~-> 02:48:05 |be some disabling things occurring in the United States. If you think all
1827 |1826 |02:48:05 ~-~-> 02:48:12 |these people that have been coming in all these war aged males coming through
1828 |1827 |02:48:12 ~-~-> 02:48:23 |our border. They're all here just to have the good life. We have, we have
1829 |1828 |02:48:25 ~-~-> 02:48:33 |this, this perspective in America where we're kinship with the police of the
1830 |1829 |02:48:33 ~-~-> 02:48:38 |world, everybody fears us. Nobody can touch us. Nobody could ever invade us
1831 |1830 |02:48:38 ~-~-> 02:48:42 |because we have two coasts in this town. That's bullshit. Every time I've heard
1832 |1831 |02:48:42 ~-~-> 02:48:46 |anybody say that, like that's nonsensical, and ever since they've
1833 |1832 |02:48:46 ~-~-> 02:48:49 |allowed our southern border open. And somebody's like, oh, here we go. We're
1834 |1833 |02:48:49 ~-~-> 02:48:52 |gonna I'm going on. I'm gonna stop listening to him because they're doing
1835 |1834 |02:48:52 ~-~-> 02:48:56 |I'm just telling you like it is. Because all of this is what's impacting my
1836 |1835 |02:48:56 ~-~-> 02:49:00 |decisions about the marketplace? What's going to cause the stabilization? What
1837 |1836 |02:49:00 ~-~-> 02:49:05 |would catalyst what we'd catalyst for the disruption to the marketplace? Let
1838 |1837 |02:49:05 ~-~-> 02:49:08 |me tell you what's going to happen. These people that came through our
1839 |1838 |02:49:08 ~-~-> 02:49:16 |southern border, they just added to what was already here. And when it's go time,
1840 |1839 |02:49:17 ~-~-> 02:49:23 |and these people are in, it's instigated there, the little button has pushed for
1841 |1840 |02:49:23 ~-~-> 02:49:30 |their operations to begin. What happened when a couple airplanes were flown into
1842 |1841 |02:49:31 ~-~-> 02:49:36 |some buildings and crashed in a field in Pennsylvania. And a missile hit the
1843 |1842 |02:49:36 ~-~-> 02:49:45 |Pentagon? I mean, a plane hit the Pentagon. Everything stopped. The whole
1844 |1843 |02:49:45 ~-~-> 02:49:50 |world changed that day. Everything changed that they were they can say
1845 |1844 |02:49:50 ~-~-> 02:49:54 |you're a terrorist. So therefore you don't have any right to attorneys. They
1846 |1845 |02:49:54 ~-~-> 02:49:57 |can imprison you and you can rot in jail, and then a fucking thing anybody
1847 |1846 |02:49:57 ~-~-> 02:50:07 |can do about it. There's a constitution. There's a bill of rights. They wipe
1848 |1847 |02:50:07 ~-~-> 02:50:15 |their ass with it. Obama made 100 mile new constitutions around the US, most of
1849 |1848 |02:50:15 ~-~-> 02:50:21 |you don't even know about it. That's what happened. That means there's no
1850 |1849 |02:50:21 ~-~-> 02:50:28 |constitution. No protection on our house on the coasts into our country. Who the
1851 |1850 |02:50:28 ~-~-> 02:50:35 |fuck is he to say that our founding fathers are rolling in their fucking
1852 |1851 |02:50:35 ~-~-> 02:50:42 |graves right now. They would have already started shooting years ago. And
1853 |1852 |02:50:42 ~-~-> 02:50:49 |these people that are in our country right now, that is waiting. They're not
1854 |1853 |02:50:49 ~-~-> 02:50:57 |here to integrate. They're going to be the army. That's already here. You've
1855 |1854 |02:50:57 ~-~-> 02:51:03 |been invaded? No, no planes have to come over here. No missiles need to be shot.
1856 |1855 |02:51:06 ~-~-> 02:51:13 |What do you think would happen if say, Oh, I'm a band of 10 to 15. Well
1857 |1856 |02:51:13 ~-~-> 02:51:20 |trained. And conventional warfare type folks start doing some things in your
1858 |1857 |02:51:20 ~-~-> 02:51:28 |city in your state. crippling, crippling grid could be neutralized, like that.
1859 |1858 |02:51:30 ~-~-> 02:51:31 |It's fragile as shit.
1860 |1859 |02:51:32 ~-~-> 02:51:42 |Communications gone. Water supplies? poisoned. Either the stock market's
1861 |1860 |02:51:42 ~-~-> 02:51:49 |gonna trade them. No, you think airplanes will be flying around? No. You
1862 |1861 |02:51:49 ~-~-> 02:51:52 |think you're gonna be allowed to cross borders in from state to state? Nope.
1863 |1862 |02:51:53 ~-~-> 02:52:05 |They're gonna have an election, if all that's just going on? Hell no. Nope. No.
1864 |1863 |02:52:07 ~-~-> 02:52:12 |War Machine needs to come here. Everything's in place. It's chess. It's
1865 |1864 |02:52:12 ~-~-> 02:52:21 |been chess since 911. And they're not going to go backwards. Everything is
1866 |1865 |02:52:21 ~-~-> 02:52:26 |controlled, everything's manipulated. It's absolutely falling into their
1867 |1866 |02:52:26 ~-~-> 02:52:34 |schedule. And all these little puppets and Muppets they put in governors and
1868 |1867 |02:52:34 ~-~-> 02:52:44 |Senate seats and Congress, White House. They're just pawns for the period of
1869 |1868 |02:52:44 ~-~-> 02:52:47 |time, they can be used in a cast aside, they're paid.
1870 |1869 |02:52:52 ~-~-> 02:53:00 |But all this shit is coming home to roost soon. And if you're not preparing
1871 |1870 |02:53:00 ~-~-> 02:53:06 |yourself mentally for it, it's going to cause so much anxiety and fear. Which is
1872 |1871 |02:53:06 ~-~-> 02:53:10 |unfortunate, because if you know what's likely to come, you're not gonna be
1873 |1872 |02:53:10 ~-~-> 02:53:14 |surprised by it. You can't stop it. The only thing you can do is make your house
1874 |1873 |02:53:14 ~-~-> 02:53:23 |as is ready as you can. And with preparation, having experience another
1875 |1874 |02:53:23 ~-~-> 02:53:27 |means of having income. You might lose your job with all the things what
1876 |1875 |02:53:27 ~-~-> 02:53:35 |happens if if the terrorism breaks out? Okay, what happens if another nation has
1877 |1876 |02:53:36 ~-~-> 02:53:38 |people in our country right now? And I'm not going to name one particular because
1878 |1877 |02:53:38 ~-~-> 02:53:43 |it could be anyone really. And they start going door to door neighborhoods?
1879 |1878 |02:53:44 ~-~-> 02:53:52 |Well, we're a different kind of country. Yeah, most families most homes have
1880 |1879 |02:53:52 ~-~-> 02:53:57 |things in them that other countries don't. So we have the largest fucking
1881 |1880 |02:53:57 ~-~-> 02:54:05 |army, okay? And it's in the citizens of our citizens. Like literally of all the
1882 |1881 |02:54:05 ~-~-> 02:54:08 |countries that want to try to do something like what was happening over
1883 |1882 |02:54:08 ~-~-> 02:54:12 |in Israel, that will be a big fucking mistake China here. Because we don't
1884 |1883 |02:54:12 ~-~-> 02:54:17 |even we don't need to see you try to do it in a small town. It's any town USA,
1885 |1884 |02:54:17 ~-~-> 02:54:21 |anytime USA fuck around and find out. Because yeah, there might be a lot of
1886 |1885 |02:54:21 ~-~-> 02:54:28 |people killed here. And it might happen like that. But the success rate by ratio
1887 |1886 |02:54:28 ~-~-> 02:54:34 |is not going to be the same. And the only thing that would happen here is it
1888 |1887 |02:54:34 ~-~-> 02:54:41 |becomes fucking deer season in us. Whatever people, whatever group,
1889 |1888 |02:54:41 ~-~-> 02:54:45 |whatever nation they would come from, they would be driving around on their
1890 |1889 |02:54:45 ~-~-> 02:54:49 |fucking hoods or their pickup trucks strapped down like a deer showing
1891 |1890 |02:54:49 ~-~-> 02:54:55 |everybody we're all rednecks. Now. We're all rednecks. Now. There's a lot of
1892 |1891 |02:54:55 ~-~-> 02:54:58 |people in this country. They're chomping at the bit. They want stuff like at the
1893 |1892 |02:54:58 ~-~-> 02:55:03 |pop off here. I don't want that to have happen. I don't want to use any of the
1894 |1893 |02:55:03 ~-~-> 02:55:10 |things that I have. But I will. I don't want those things to happen. I'm not
1895 |1894 |02:55:10 ~-~-> 02:55:13 |fearful that they're going to happen. But I'm leaving my house and my family
1896 |1895 |02:55:13 ~-~-> 02:55:16 |and myself ready for it. And in the end, that did happens. That's the best you
1897 |1896 |02:55:16 ~-~-> 02:55:23 |can do, right? But I'm not fearful, I'm not losing sleep over that shit. That
1898 |1897 |02:55:23 ~-~-> 02:55:28 |was designed to do fear is a controlling factor. And when you have experience and
1899 |1898 |02:55:28 ~-~-> 02:55:35 |you have protocols and processes in your trading, it lets you like a feather. You
1900 |1899 |02:55:35 ~-~-> 02:55:38 |rise and float above all the other shit that people are going to be wrestling
1901 |1900 |02:55:38 ~-~-> 02:55:41 |with, they'll lose their account, they'll blow their account, they'll try
1902 |1901 |02:55:41 ~-~-> 02:55:45 |to do things recklessly and push more in an environment that's not conducive for
1903 |1902 |02:55:45 ~-~-> 02:55:56 |that to be profitable. You have to identify where the snares are. And
1904 |1903 |02:55:56 ~-~-> 02:56:00 |there's no easy way for me to teach it except for when it appears when it's
1905 |1904 |02:56:00 ~-~-> 02:56:05 |there. I tell you real time, this is what it is in that the the best the
1906 |1905 |02:56:05 ~-~-> 02:56:12 |teacher in that environment. But sitting still should not be avoided. If you
1907 |1906 |02:56:12 ~-~-> 02:56:18 |don't know something, if you know that there's increased risk. You still it's
1908 |1907 |02:56:18 ~-~-> 02:56:28 |safe. It's okay. I mentioned deer season Mulago. Where I live. In Harford County,
1909 |1908 |02:56:28 ~-~-> 02:56:32 |this is deer all the time. And you have to be careful driving around early
1910 |1909 |02:56:32 ~-~-> 02:56:38 |morning hours and late evening hours. Because they do it wrongly, rats, there
1911 |1910 |02:56:39 ~-~-> 02:56:41 |it is walk out in front of you sometimes. And if you're going on a
1912 |1911 |02:56:41 ~-~-> 02:56:46 |road, you can destroy your car hurt you if it goes to the windshield. It's
1913 |1912 |02:56:46 ~-~-> 02:56:51 |unfortunate. But sometimes you'll catch them with their little, little young one
1914 |1913 |02:56:51 ~-~-> 02:57:00 |little fawn. And to see them when they see a man or a car or something like
1915 |1914 |02:57:00 ~-~-> 02:57:08 |that. The little one, it will see its mom. And no words are spoken. If they're
1916 |1915 |02:57:08 ~-~-> 02:57:11 |not talking, right, you didn't make any sound they nice, I can't hear him. Maybe
1917 |1916 |02:57:11 ~-~-> 02:57:15 |if someone that knows more about can say something that condensation on certain
1918 |1917 |02:57:15 ~-~-> 02:57:19 |reply, but it's like the mother looks at the modal one. And all of a sudden the
1919 |1918 |02:57:19 ~-~-> 02:57:29 |little one drops and lays flat. How did it learn that? Did the mother dare say,
1920 |1919 |02:57:29 ~-~-> 02:57:35 |hey, drop down with that instinct, it knows preservation is the first rule. So
1921 |1920 |02:57:35 ~-~-> 02:57:44 |survival is is you know, I have to hide, be still. But in this industry, it's oh,
1922 |1921 |02:57:44 ~-~-> 02:57:47 |there's danger, let me run rate at it because that's where the action is. This
1923 |1922 |02:57:47 ~-~-> 02:57:51 |is where all the money's made. When you don't have the skill you're gonna have
1924 |1923 |02:57:51 ~-~-> 02:57:54 |to, you're gonna have to pedal a bike without the training wheels on but
1925 |1924 |02:57:54 ~-~-> 02:57:59 |you're gonna go out there in the time. And the setting the climate, in which
1926 |1925 |02:57:59 ~-~-> 02:58:03 |there's the highest probability of manual intervention where they're going
1927 |1926 |02:58:03 ~-~-> 02:58:08 |to clean the books, both sides up, down, up, down, up, down. But you're going to
1928 |1927 |02:58:08 ~-~-> 02:58:12 |call it readiness that you want to go down because it's, this is the best time
1929 |1928 |02:58:12 ~-~-> 02:58:15 |to be trading. These are a lot of Melchor. Lots of ballots doesn't always
1930 |1929 |02:58:15 ~-~-> 02:58:20 |equate to high probability. And profitability is high probability. Don't
1931 |1930 |02:58:20 ~-~-> 02:58:28 |lose your ass. I seen eight instances where if I was in front of the charts
1932 |1931 |02:58:28 ~-~-> 02:58:34 |live, I would have done it wrong. And I can tell you that I'm comfortable.
1933 |1932 |02:58:35 ~-~-> 02:58:42 |Having sat still till Friday. I feel good about not having done anything
1934 |1933 |02:58:42 ~-~-> 02:58:49 |until Friday. Now, if I were to talk about the instances that I have lived
1935 |1934 |02:58:49 ~-~-> 02:58:55 |through, and blowing accounts, that's the reality, folks, okay? I'm not
1936 |1935 |02:58:55 ~-~-> 02:59:00 |sugarcoating English. I'm telling you. fuck around and find out. Don't listen
1937 |1936 |02:59:00 ~-~-> 02:59:05 |to this logic. And you'll repeat what I did. You need to learn those lessons.
1938 |1937 |02:59:05 ~-~-> 02:59:10 |You need to lose your account, to learn to appreciate what I'm sharing with you.
1939 |1938 |02:59:10 ~-~-> 02:59:15 |You got to find out on yourself. Gotta go through it. You gotta get that scar
1940 |1939 |02:59:15 ~-~-> 02:59:19 |tissue to be part of the club. We're gonna, I gotta tell you that they should
1941 |1940 |02:59:19 ~-~-> 02:59:24 |throw me off. I'm, I'm a warrior now. You're better than me if you don't go
1942 |1941 |02:59:24 ~-~-> 02:59:28 |through it. That's the whole point. That's the whole point of why I'm
1943 |1942 |02:59:28 ~-~-> 02:59:34 |teaching you like this. So that way you don't have to go through it. Well, email
1944 |1943 |02:59:34 ~-~-> 02:59:39 |kids want to do the same shit. Well, you know, the way I'm gonna learn that is to
1945 |1944 |02:59:39 ~-~-> 02:59:44 |go through it. Well, you know, the teacher me is trying to spare all of
1946 |1945 |02:59:44 ~-~-> 02:59:53 |you. You don't need to do this. I am of the mindset that if someone was teaching
1947 |1946 |02:59:53 ~-~-> 02:59:58 |the way I'm teaching, and I would have blew my first account when I was 20, if
1948 |1947 |02:59:58 ~-~-> 03:00:02 |I would have had access, isn't it Imagine, I would not have traded,
1949 |1948 |03:00:03 ~-~-> 03:00:06 |probably for the first two years after that, I would have worked very, very
1950 |1949 |03:00:06 ~-~-> 03:00:11 |hard to be very systematic about it. And some of you think that you would never
1951 |1950 |03:00:11 ~-~-> 03:00:17 |do that. There's no way I'm going to wait two years to take a trade. But
1952 |1951 |03:00:17 ~-~-> 03:00:20 |you're willing to go into fucking dead, to learn a career that you don't even
1953 |1952 |03:00:20 ~-~-> 03:00:25 |know if you like, going to college. And they convince you that this is the best
1954 |1953 |03:00:25 ~-~-> 03:00:30 |way to live your life. This is the right way get a career get a get a trade. How
1955 |1954 |03:00:30 ~-~-> 03:00:37 |do you know you like it? You don't, you don't like it. I was making my own code,
1956 |1955 |03:00:37 ~-~-> 03:00:43 |and Diems with basic language and sixth grade. Then when I was going to college,
1957 |1956 |03:00:43 ~-~-> 03:00:50 |to learn more about coding, I fucking hated. I hated it. I hated it then. But
1958 |1957 |03:00:50 ~-~-> 03:00:56 |when it was for me, I loved it. You don't know what it's going to be likely
1959 |1958 |03:00:56 ~-~-> 03:00:59 |you're going to school, you'll meet a doctor. Now. It's great. You know, I'm
1960 |1959 |03:00:59 ~-~-> 03:01:03 |learning how to be a doctor. I love the learning aspect of being able to help
1961 |1960 |03:01:03 ~-~-> 03:01:09 |other people and you're out there and you realize shit. This industry is so
1962 |1961 |03:01:09 ~-~-> 03:01:13 |backwards. They don't really want me to help anyone. You don't really want me to
1963 |1962 |03:01:13 ~-~-> 03:01:17 |heal anyone. It's all about making fucking money. And I have a solution.
1964 |1963 |03:01:17 ~-~-> 03:01:20 |But if I try to do the solution, I'm gonna lose my fucking license to
1965 |1964 |03:01:20 ~-~-> 03:01:26 |practice medicine. Oh, hello. How can you love doing it, then? I have students
1966 |1965 |03:01:26 ~-~-> 03:01:29 |that are in that situation COVID booth that pulled all that shit out from
1967 |1966 |03:01:29 ~-~-> 03:01:35 |underneath them. And they're like, Wow. It was shocking. It was shocking to hear
1968 |1967 |03:01:35 ~-~-> 03:01:42 |the testimony of the experiences that they as trauma surgeons, frontline
1969 |1968 |03:01:42 ~-~-> 03:01:50 |doctors discovering what they went into this field for. They couldn't do. They
1970 |1969 |03:01:50 ~-~-> 03:01:58 |couldn't help people. And training was the last solution because they couldn't
1971 |1970 |03:01:58 ~-~-> 03:02:05 |do that anymore. Do you take that they regretted all the things they had to go
1972 |1971 |03:02:05 ~-~-> 03:02:15 |through to learn that skill set now know, the thankful your perception is
1973 |1972 |03:02:15 ~-~-> 03:02:20 |constantly being molded and shaped. And you don't realize it. If you watch TV,
1974 |1973 |03:02:20 ~-~-> 03:02:23 |that's, that's why they call it TV programming, their programming your
1975 |1974 |03:02:23 ~-~-> 03:02:27 |opinion, and how you think critically about the things they want you to think
1976 |1975 |03:02:27 ~-~-> 03:02:30 |about and avoid and ignore the things that they don't want you to pay
1977 |1976 |03:02:30 ~-~-> 03:02:37 |attention to. The same thing happens in the marketplace. There's economic
1978 |1977 |03:02:37 ~-~-> 03:02:43 |calendars. It's just like TV programming. We expect manipulation,
1979 |1978 |03:02:43 ~-~-> 03:02:47 |then we have to have an expectation of where the markets gonna go
1980 |1979 |03:02:48 ~-~-> 03:02:54 |that have an idea of who can be wrecked here today. And how could they make them
1981 |1980 |03:02:55 ~-~-> 03:03:00 |trust to put money in that situation where it can be maximized. And then once
1982 |1981 |03:03:00 ~-~-> 03:03:04 |it does that, then we go and look for a separate the real trades going to form
1983 |1982 |03:03:04 ~-~-> 03:03:11 |afterwards. I've never read a book coming up that gave that logic. It never
1984 |1983 |03:03:11 ~-~-> 03:03:17 |happened. But because I went into the marketplace looking at my own failures,
1985 |1984 |03:03:18 ~-~-> 03:03:23 |how was I failing? What was I utilizing what was I subscribing to mentally? What
1986 |1985 |03:03:23 ~-~-> 03:03:28 |did I see in the chart and have every bit of faith in? What did I not see
1987 |1986 |03:03:28 ~-~-> 03:03:34 |coming? The only way I seen these things is by having a record of making
1988 |1987 |03:03:34 ~-~-> 03:03:38 |observations. The way most of you are doing this right now if you don't
1989 |1988 |03:03:38 ~-~-> 03:03:42 |journal is you have a winning trade. You went great. You go on social media
1990 |1989 |03:03:42 ~-~-> 03:03:49 |champion, a trophy dog and pony show. You're losing trades. You're taking a
1991 |1990 |03:03:49 ~-~-> 03:03:56 |day off of social media. You're doing something else that you're upset, you're
1992 |1991 |03:03:56 ~-~-> 03:04:00 |you're angry, you're regretful but you're not looking into what you did
1993 |1992 |03:04:00 ~-~-> 03:04:04 |wrong. You're trying to hide it trying to sweep it under the rug. That's not
1994 |1993 |03:04:04 ~-~-> 03:04:08 |what you're supposed to do. And you put all the taxes on what you did, right and
1995 |1994 |03:04:08 ~-~-> 03:04:12 |you made money. You're not gonna learn anything from what you made money on,
1996 |1995 |03:04:12 ~-~-> 03:04:20 |except for ego, and pride. And that's going to make you harder to learn from
1997 |1996 |03:04:20 ~-~-> 03:04:23 |the mistakes because you're going to try to hide those things that were painful.
1998 |1997 |03:04:24 ~-~-> 03:04:29 |Because you want the sugary coldness of the winds. And you think the winds are
1999 |1998 |03:04:29 ~-~-> 03:04:32 |going to teach you everything you need to know about winning and making money.
2000 |1999 |03:04:33 ~-~-> 03:04:38 |And it's not the way you learn how to make money is you study what you did
2001 |2000 |03:04:38 ~-~-> 03:04:44 |wrong. And you put things in place to fortify the errors that you made and
2002 |2001 |03:04:44 ~-~-> 03:04:50 |created. You fortify that with positive things that remove the likelihood and an
2003 |2002 |03:04:50 ~-~-> 03:04:55 |invitation for those things to repeat in the future. But that takes work and it
2004 |2003 |03:04:55 ~-~-> 03:05:00 |takes the time and energy to identify that you have a frailty you have a
2005 |2004 |03:05:00 ~-~-> 03:05:05 |weakness there. But that weakness is going to remain there until you remove
2006 |2005 |03:05:05 ~-~-> 03:05:14 |it. Don't pretend it's not there. Don't pretend. That's why marriages and
2007 |2006 |03:05:14 ~-~-> 03:05:20 |relationships fail too. You see problem areas, you see weak links in that
2008 |2007 |03:05:21 ~-~-> 03:05:26 |relationship, you see early warning signs that this is person to potentially
2009 |2008 |03:05:26 ~-~-> 03:05:30 |start becoming someone you really don't want to be with. So you need to address
2010 |2009 |03:05:30 ~-~-> 03:05:37 |it early on, say, hey, look, we got to go. This is I didn't see this about you.
2011 |2010 |03:05:37 ~-~-> 03:05:41 |Is this something that we need to work on together? Or is this something that,
2012 |2011 |03:05:41 ~-~-> 03:05:48 |you know, this is who you are, and I can make a decision. Because you don't want
2013 |2012 |03:05:48 ~-~-> 03:05:52 |to be in a toxic relationship. And trading can become a toxic relationship
2014 |2013 |03:05:53 ~-~-> 03:05:58 |where you build this codependency with a toxic lover, which is what the market
2015 |2014 |03:05:58 ~-~-> 03:06:03 |is, he is a cruel and it's not indifference to blame. I mean, vilified.
2016 |2015 |03:06:03 ~-~-> 03:06:07 |Okay? You if you want to call it, he's a cruel lover, for the folks that are
2017 |2016 |03:06:07 ~-~-> 03:06:12 |looking at it that way, that's fine, too. But the markets are very cool
2018 |2017 |03:06:12 ~-~-> 03:06:18 |latter day they demand all of our attention. They're jealous, they don't
2019 |2018 |03:06:18 ~-~-> 03:06:22 |like it when we spend time with our family. How do you have proof of that,
2020 |2019 |03:06:22 ~-~-> 03:06:25 |when you spend time your family, the fucking market will go 500 Fucking
2021 |2020 |03:06:25 ~-~-> 03:06:29 |points. And you should have been in front of charts, you weren't to go fuck
2022 |2021 |03:06:29 ~-~-> 03:06:35 |yourself. I paid you for your, your disloyalty. You want to spend time with
2023 |2022 |03:06:35 ~-~-> 03:06:40 |me, we'll spend time with them. Okay, here's a missed opportunity. And then
2024 |2023 |03:06:40 ~-~-> 03:06:43 |you're gonna come back the next day, thinking, Oh, it's gonna be another 500
2025 |2024 |03:06:43 ~-~-> 03:06:51 |handle one, and then hitching his stomach, lose more money, who will love
2026 |2025 |03:06:51 ~-~-> 03:06:58 |me. So it's, it's a very, very hard industry, to master through the emotions
2027 |2026 |03:06:58 ~-~-> 03:07:02 |and psychological balancing act. And if you have children, you have just
2028 |2027 |03:07:03 ~-~-> 03:07:10 |literally made this so more complex, you've made it so astronomically
2029 |2028 |03:07:10 ~-~-> 03:07:14 |difficult. Because if you're a parent, and for some of you young folks that
2030 |2029 |03:07:14 ~-~-> 03:07:19 |don't have children, yet, this is going to be a discovery for you. But when
2031 |2030 |03:07:19 ~-~-> 03:07:24 |you're a parent, you are wrestling with guilt, constantly. I'm spending too much
2032 |2031 |03:07:24 ~-~-> 03:07:27 |time in this chart. But I need to make money because I want to make something
2033 |2032 |03:07:27 ~-~-> 03:07:30 |better for them and their life. And you're constantly doing this balancing
2034 |2033 |03:07:30 ~-~-> 03:07:35 |knife. If you're trying to be a teacher, and you're trying to run some kind of a
2035 |2034 |03:07:35 ~-~-> 03:07:39 |business and trying to teach and help other people, you're basically putting
2036 |2035 |03:07:39 ~-~-> 03:07:44 |other people in front of your own children. And that guilt is always there
2037 |2036 |03:07:44 ~-~-> 03:07:49 |for know the surface. It's always there, and it's nagging and eating it and
2038 |2037 |03:07:49 ~-~-> 03:07:53 |consuming you. And that's going to cause you to do things that are reckless, you
2039 |2038 |03:07:53 ~-~-> 03:07:57 |want to hurry up and get through something to be able to throw a bone to
2040 |2039 |03:07:57 ~-~-> 03:08:01 |your students or throw a bone to your clients or throw something out there to
2041 |2040 |03:08:01 ~-~-> 03:08:06 |keep people inspired. Because you have to do more in the scope of a father or
2042 |2041 |03:08:06 ~-~-> 03:08:12 |mother for your children. You have that responsibility. And when you are young,
2043 |2042 |03:08:12 ~-~-> 03:08:17 |and you live vicariously and recklessly and doing things because you're your new
2044 |2043 |03:08:17 ~-~-> 03:08:21 |money now. You're not responsible and you create a new being a new life and
2045 |2044 |03:08:21 ~-~-> 03:08:27 |child. That's wonderful. You stay with them. And in that comes a relationship
2046 |2045 |03:08:27 ~-~-> 03:08:31 |and your family element. That's wonderful. Be fruitful, multiply, it's
2047 |2046 |03:08:31 ~-~-> 03:08:37 |great. But what happens if it wasn't like that? You have now made your life
2048 |2047 |03:08:37 ~-~-> 03:08:43 |and their life so complicated, because you didn't plan your actions. You
2049 |2048 |03:08:43 ~-~-> 03:08:51 |didn't. You weren't responsible. All these things are a response to being not
2050 |2049 |03:08:51 ~-~-> 03:08:57 |equipped to assume the risks. You didn't follow a process or a protocol. And you
2051 |2050 |03:08:57 ~-~-> 03:09:02 |are just reacting to the circumstances. Oh, wow. They want to lay down with me.
2052 |2051 |03:09:02 ~-~-> 03:09:07 |I'll do that. And that's what happened with me. My oldest son Cody, that was
2053 |2052 |03:09:07 ~-~-> 03:09:13 |exactly what it was. I had new money. I was attracted to his mother. I didn't
2054 |2053 |03:09:13 ~-~-> 03:09:18 |know she was married. Wham Bam. Thank you ma'am. I'm gonna daddy gold digger.
2055 |2054 |03:09:19 ~-~-> 03:09:24 |We're gonna take you everything you got. Well, I wasn't ready for that. Who would
2056 |2055 |03:09:24 ~-~-> 03:09:31 |be and when you flash your money, and you flash your lifestyle, you're putting
2057 |2056 |03:09:31 ~-~-> 03:09:36 |a billboard sign. Calm take advantage of me. Both sexes calm take advantage of
2058 |2057 |03:09:36 ~-~-> 03:09:45 |me. Nobody can happen to you guys or gals. Let me read the magnetar for the
2059 |2058 |03:09:45 ~-~-> 03:09:52 |Kelly Clarkson. They are gold diggers and it happened to them. More money,
2060 |2059 |03:09:52 ~-~-> 03:09:57 |more problems. So when you start making money, the worst thing you can do is go
2061 |2060 |03:09:57 ~-~-> 03:10:01 |on social media and tell everybody what you're doing. You're gonna have
2062 |2061 |03:10:01 ~-~-> 03:10:06 |ambulance chasers, constantly caught around, looking for an opportunity. I
2063 |2062 |03:10:06 ~-~-> 03:10:11 |got people all the time on the road, literally, if I'm in line bets, I got
2064 |2063 |03:10:11 ~-~-> 03:10:15 |assholes, like, run up real quick. And it would look like, oh, they want me to
2065 |2064 |03:10:15 ~-~-> 03:10:18 |race or they want me to launch. They want me to take off? Or they're just
2066 |2065 |03:10:18 ~-~-> 03:10:21 |toying with me, do you look at me and smile and like, Yeah, I can't do it,
2067 |2066 |03:10:21 ~-~-> 03:10:24 |that type of thing, because they run random little rice burns and bullshit.
2068 |2067 |03:10:25 ~-~-> 03:10:29 |But what they do is they run it real quick. And they hurry up and jump in
2069 |2068 |03:10:29 ~-~-> 03:10:32 |front of me and slam the brakes on, I'm already expecting it. That's a scam.
2070 |2069 |03:10:33 ~-~-> 03:10:37 |They want me to rear end them in my Corvette, and then claim back injury and
2071 |2070 |03:10:37 ~-~-> 03:10:42 |disability for us. And we're talking life. That's exactly what it is. So I
2072 |2071 |03:10:42 ~-~-> 03:10:46 |drive with every expectation, giving lots of room in front of me, my wife
2073 |2072 |03:10:46 ~-~-> 03:10:50 |doesn't do this. And that's why I don't like her driving my cars. She has her
2074 |2073 |03:10:50 ~-~-> 03:10:55 |own car and our own policy. And I keep it that way. Because she drives
2075 |2074 |03:10:55 ~-~-> 03:11:00 |recklessly, she drives aggressive, she drives on people's bumpers, like she's,
2076 |2075 |03:11:00 ~-~-> 03:11:08 |she's nuts. I don't like to drive with her. But she keeps so little distance
2077 |2076 |03:11:08 ~-~-> 03:11:12 |between the car in front of her and her front bumper, she doesn't let that
2078 |2077 |03:11:12 ~-~-> 03:11:16 |opportunity present itself. But what she doesn't realize is she's riding on the
2079 |2078 |03:11:16 ~-~-> 03:11:18 |person that may be that kind of person that says, Okay, well, I'm just gonna
2080 |2079 |03:11:18 ~-~-> 03:11:26 |put the brakes on and now I got you. So every risk that's out there, you know,
2081 |2080 |03:11:26 ~-~-> 03:11:29 |there's someone that has more experienced this would have solved these
2082 |2081 |03:11:29 ~-~-> 03:11:35 |things coming. And as a mentor, I tried to convey that it may not be an analogy
2083 |2082 |03:11:35 ~-~-> 03:11:41 |that makes sense to you, it may not be so apparent, the lesson that I'm trying
2084 |2083 |03:11:41 ~-~-> 03:11:46 |to draw from, for you, as an audience member listening, you might be too young
2085 |2084 |03:11:46 ~-~-> 03:11:49 |to appreciate some of the things I talked about. And the older folks can
2086 |2085 |03:11:49 ~-~-> 03:11:54 |see hearing you spit. In fact, it makes perfect sense. And that's exactly how I
2087 |2086 |03:11:54 ~-~-> 03:11:57 |would have said if I were you, but you're not all of you're going to be
2088 |2087 |03:11:57 ~-~-> 03:12:00 |able to relate to the things I'm teaching or the way your teaching style.
2089 |2088 |03:12:01 ~-~-> 03:12:06 |Because your youth is in a way, just like my youth was in my way. But over
2090 |2089 |03:12:06 ~-~-> 03:12:11 |time, given enough experience, that experience will lift you like a feather,
2091 |2090 |03:12:11 ~-~-> 03:12:15 |it'll carry you above all these problem times when it's problematic, and you're
2092 |2091 |03:12:15 ~-~-> 03:12:19 |going to likely do it wrong, your experience will will tell you, this is
2093 |2092 |03:12:19 ~-~-> 03:12:22 |where you're going to probably do it wrong. So don't bother take up, take a
2094 |2093 |03:12:22 ~-~-> 03:12:27 |couple of days off, demand that it does something exceptional, where it's really
2095 |2094 |03:12:27 ~-~-> 03:12:31 |confirming that what you were expecting is likely to occur. That's not weakness.
2096 |2095 |03:12:31 ~-~-> 03:12:36 |That's not not knowing how to trade and other people are going to say I did this
2097 |2096 |03:12:36 ~-~-> 03:12:41 |and I did that. It's so funny. This look at the last two years that people that
2098 |2097 |03:12:41 ~-~-> 03:12:45 |talk the most every time they put their fucking foot their mouth. Oh, I'm gonna
2099 |2098 |03:12:45 ~-~-> 03:12:48 |do this I'm gonna prove it doesn't and they look like fucking fools.
2100 |2099 |03:12:49 ~-~-> 03:12:53 |And I'm staying in my lane just doing what I'm doing. They're wrecking
2101 |2100 |03:12:53 ~-~-> 03:13:01 |themselves. Because they're trying to use social media the wrong way. And it
2102 |2101 |03:13:01 ~-~-> 03:13:06 |comes into backfires. It's like some of you that are young, you want to be able
2103 |2102 |03:13:06 ~-~-> 03:13:10 |to present your funded account certified standard account trader, your
2104 |2103 |03:13:10 ~-~-> 03:13:15 |withdrawal, because you need other people to believe you. Because you can't
2105 |2104 |03:13:15 ~-~-> 03:13:20 |believe your own success. That to me is astonishing. I'm not saying every one of
2106 |2105 |03:13:20 ~-~-> 03:13:25 |my students or anybody else's students that share their accolades and success
2107 |2106 |03:13:25 ~-~-> 03:13:29 |and their withdrawals and profits that they've made and their success and
2108 |2107 |03:13:29 ~-~-> 03:13:36 |milestones. Not all of them need that. But largely most of them do. Because you
2109 |2108 |03:13:36 ~-~-> 03:13:41 |can't believe that it's happened to you and to other people acknowledge it. And
2110 |2109 |03:13:41 ~-~-> 03:13:46 |that's a sad state of affairs, because that's what our humanities become. We've
2111 |2110 |03:13:46 ~-~-> 03:13:53 |been beaten down to think that working too much all week long to make too
2112 |2111 |03:13:53 ~-~-> 03:13:57 |little money, starving ourselves from family attention and time with them.
2113 |2112 |03:13:59 ~-~-> 03:14:04 |Calling that the American dream, calling that a success story. That anything
2114 |2113 |03:14:04 ~-~-> 03:14:09 |apart from that that's profitable, feels like a dream. And we have to be pinched
2115 |2114 |03:14:09 ~-~-> 03:14:12 |to be reminded that this really happened. You really didn't make money.
2116 |2115 |03:14:12 ~-~-> 03:14:15 |You really did call the future. It panned out like you thought it was gonna
2117 |2116 |03:14:15 ~-~-> 03:14:19 |happen. You did what they said is impossible. You time the market. You did
2118 |2117 |03:14:19 ~-~-> 03:14:27 |exactly what you're supposed to. It benefits me to you and you made money. I
2119 |2118 |03:14:27 ~-~-> 03:14:32 |get it. Yeah, it's hard to believe it. And that's why a lot of people around
2120 |2119 |03:14:32 ~-~-> 03:14:37 |you, when you go on social media, they're not going to believe you. It's
2121 |2120 |03:14:37 ~-~-> 03:14:45 |normal. So Why invite the opportunity where you had to defend yourself. Don't
2122 |2121 |03:14:45 ~-~-> 03:14:51 |do it. Live in your life, privately. Make all the money you want to make.
2123 |2122 |03:14:52 ~-~-> 03:14:57 |Don't flaunt it. Don't invite people that want to try to take it from you on
2124 |2123 |03:14:57 ~-~-> 03:15:01 |deservingly and don't invite them in their phone. In unsolicited opinions,
2125 |2124 |03:15:01 ~-~-> 03:15:07 |that doesn't mean fuck all. Because when you're doing it, it matters not what
2126 |2125 |03:15:07 ~-~-> 03:15:11 |anybody else thinks. Who cares what they think? Are you going to change your
2127 |2126 |03:15:11 ~-~-> 03:15:15 |spending habits? When you start making six figures a year based on somebody
2128 |2127 |03:15:15 ~-~-> 03:15:19 |else's opinion that you did? Or didn't really make that money? No, no, you're
2129 |2128 |03:15:19 ~-~-> 03:15:23 |not, you're not gonna give a shit. And you're just making them significant by
2130 |2129 |03:15:23 ~-~-> 03:15:28 |entertaining them. Eye sport with these people online because Twitter is fun to
2131 |2130 |03:15:28 ~-~-> 03:15:34 |me. It's always been a playground for me. My advice when I lead is, don't
2132 |2131 |03:15:34 ~-~-> 03:15:40 |waste your time with it. It's too many things going on in the world. It's
2133 |2132 |03:15:40 ~-~-> 03:15:44 |better usage of your time doing away from social media, for all your
2134 |2133 |03:15:44 ~-~-> 03:15:49 |attention and development, be balanced. Work on having a balanced life. That's
2135 |2134 |03:15:49 ~-~-> 03:15:56 |where I failed. I failed. Having a balanced marriage, and fatherhood over
2136 |2135 |03:15:56 ~-~-> 03:16:02 |my children. I spent too much time in these markets. I've spent too much time
2137 |2136 |03:16:02 ~-~-> 03:16:09 |since 2016, with all of you as my students. And it may sound rude. But I
2138 |2137 |03:16:09 ~-~-> 03:16:16 |can't get that time back. And I feel terrible. I feel like I cheated mine
2139 |2138 |03:16:16 ~-~-> 03:16:26 |children 17 1819 hour days, running a mentorship. Trying to help people and
2140 |2139 |03:16:26 ~-~-> 03:16:32 |trying to give everything I had it affected my health. I couldn't sleep
2141 |2140 |03:16:32 ~-~-> 03:16:36 |well. And you might think I don't sleep well, because I do the sleep says I have
2142 |2141 |03:16:36 ~-~-> 03:16:41 |but I couldn't sleep hardly at all. And sometimes you would hear me in the
2143 |2142 |03:16:41 ~-~-> 03:16:46 |recordings, and you could hear I'm fatigued. I was getting sick more than I
2144 |2143 |03:16:46 ~-~-> 03:16:50 |ever did. And I know I usually don't get sick. But I got sick several times while
2145 |2144 |03:16:50 ~-~-> 03:16:55 |running a mentorship. Because my immune system was being affected by fatigue,
2146 |2145 |03:16:55 ~-~-> 03:17:00 |not eating right, not exercising, I was constantly on the computers, constantly
2147 |2146 |03:17:00 ~-~-> 03:17:07 |engaging students. And I'm excited in three weeks that I'm not going to
2148 |2147 |03:17:07 ~-~-> 03:17:13 |happen, have that level of output anymore. And I can spend time through
2149 |2148 |03:17:13 ~-~-> 03:17:18 |the holidays with my family, and start a brand new year without having this
2150 |2149 |03:17:18 ~-~-> 03:17:24 |tethering between all of you and me. And I'm going to be enjoying watching all of
2151 |2150 |03:17:24 ~-~-> 03:17:31 |you grow. And who gets the rise up? Who gets all of the accolades, and everybody
2152 |2151 |03:17:31 ~-~-> 03:17:35 |wants to follow that person. I'm not gonna be showing up and saying anything
2153 |2152 |03:17:35 ~-~-> 03:17:39 |talking shit about anybody else. I'm gonna watch just like everybody else is
2154 |2153 |03:17:39 ~-~-> 03:17:46 |watching. I want to see what you all do. I want to see the next person that gets
2155 |2154 |03:17:47 ~-~-> 03:17:52 |all the bullshit, and also all the attention and how they manage it, what
2156 |2155 |03:17:52 ~-~-> 03:18:00 |they do with it? Did they abuse it? Do they monetize it? Do they? Whatever they
2157 |2156 |03:18:00 ~-~-> 03:18:05 |did, I don't know. I'm interested to see it. Not for the dick measuring aspects
2158 |2157 |03:18:05 ~-~-> 03:18:09 |of it. But I'm genuinely interested. But I'll have to spend my life on social
2159 |2158 |03:18:09 ~-~-> 03:18:17 |media doing it. And that's what's unfortunate. That's since 2016. Social
2160 |2159 |03:18:17 ~-~-> 03:18:27 |media has controlled my life. It's absorbed the majority of my time. So for
2161 |2160 |03:18:27 ~-~-> 03:18:31 |the folks that are upset with me that saying that I shouldn't do this, I
2162 |2161 |03:18:31 ~-~-> 03:18:36 |shouldn't leave social media shouldn't leave being active to have more people
2163 |2162 |03:18:36 ~-~-> 03:18:38 |now that want to learn and it's not fair. Go watch what I've already
2164 |2163 |03:18:38 ~-~-> 03:18:42 |produced, because that's what they did. Everybody that's got to the point where
2165 |2164 |03:18:42 ~-~-> 03:18:45 |they're at right now. They watch what I produce, I didn't delete anything. It's
2166 |2165 |03:18:45 ~-~-> 03:18:51 |there. Go through all that again. When again, to go through it like they did
2167 |2166 |03:18:53 ~-~-> 03:18:56 |anything you need to be fortifying of shoring up, just go back and watch it.
2168 |2167 |03:18:58 ~-~-> 03:19:01 |That's why you should be writing notes, taking notes of what these videos are
2169 |2168 |03:19:01 ~-~-> 03:19:04 |talking about. That way, you know, go back into that video, this time he
2170 |2169 |03:19:04 ~-~-> 03:19:11 |talked about this. Anything that you feel unsure about when you're watching
2171 |2170 |03:19:11 ~-~-> 03:19:14 |the video and I comment on it, make a notation and where I've talked about it.
2172 |2171 |03:19:16 ~-~-> 03:19:21 |And when you start looking at a few different videos, I'll talk about
2173 |2172 |03:19:21 ~-~-> 03:19:27 |something here in one video, and I'll amplify it over here. And by having that
2174 |2173 |03:19:27 ~-~-> 03:19:30 |maybe another third or fourth video, you'll have a better understanding of
2175 |2174 |03:19:30 ~-~-> 03:19:34 |what I did in those instances that are uniquely in separating from one another.
2176 |2175 |03:19:35 ~-~-> 03:19:38 |But it'll give you the concept or conceptual idea of what it is I'm
2177 |2176 |03:19:38 ~-~-> 03:19:44 |employing and you'll have the visibility they will see. Oh, I get that now versus
2178 |2177 |03:19:44 ~-~-> 03:19:48 |me trying to do one video teaching like a TGIF. You think every single weekly
2179 |2178 |03:19:48 ~-~-> 03:19:54 |candle is going to retrace 23% Because it's a Friday every week. It doesn't
2180 |2179 |03:19:54 ~-~-> 03:19:58 |work that way. So it's logic that I shared in there that it's still in that
2181 |2180 |03:19:58 ~-~-> 03:20:02 |video. But because Should you come in with these preconceived notions about
2182 |2181 |03:20:02 ~-~-> 03:20:06 |what it is that you should know? Well, that means that you're a teacher, you're
2183 |2182 |03:20:06 ~-~-> 03:20:10 |not the student, if you're coming to me, telling me how you need to be taught,
2184 |2183 |03:20:11 ~-~-> 03:20:16 |that means you're the teacher, and I'm going to sit down. I'll let you teach
2185 |2184 |03:20:16 ~-~-> 03:20:22 |yourself. And then when you're ready to learn, you'll stop pretending you know
2186 |2185 |03:20:22 ~-~-> 03:20:26 |more about how you should run, you don't know you're in a state of ignorance,
2187 |2186 |03:20:26 ~-~-> 03:20:32 |when you come to a teacher, not just me anyone. And you have to have modesty and
2188 |2187 |03:20:32 ~-~-> 03:20:36 |respect, that you're expecting these people that are not obligated, I'm not
2189 |2188 |03:20:36 ~-~-> 03:20:43 |obligated to teach you fucking nothing. I love doing it. But I have had my
2190 |2189 |03:20:43 ~-~-> 03:20:50 |feelings hurt, being very interested in trying to help some individuals. And
2191 |2190 |03:20:50 ~-~-> 03:20:54 |they literally turn around and kick me in the face for doing the very thing
2192 |2191 |03:20:54 ~-~-> 03:20:58 |that I would have done for anyone else. And wish they would have done for me
2193 |2192 |03:20:58 ~-~-> 03:21:02 |when I was coming up. But I'm not gonna lie to you and tell you something that
2194 |2193 |03:21:02 ~-~-> 03:21:07 |you want to hear, that isn't going to help you, I'm going to tell you how
2195 |2194 |03:21:07 ~-~-> 03:21:10 |you're going to fail, how to avoid it, these are the things you have to work
2196 |2195 |03:21:10 ~-~-> 03:21:12 |towards. And it's going to be a struggle for some of you, not all of you, but
2197 |2196 |03:21:12 ~-~-> 03:21:16 |some of you are going to resist it. And the longer you resist it, that means
2198 |2197 |03:21:16 ~-~-> 03:21:18 |that it's going to take you that much longer to learn how to do it
2199 |2198 |03:21:18 ~-~-> 03:21:28 |consistently. But all of that said, these things that keep creeping into
2200 |2199 |03:21:28 ~-~-> 03:21:33 |your trading development, there are problems. It's the fact that you have
2201 |2200 |03:21:33 ~-~-> 03:21:37 |not learned properly from the things that are being negative in your
2202 |2201 |03:21:37 ~-~-> 03:21:42 |progress. And you're pretending they're not there. And you have to tackle them,
2203 |2202 |03:21:43 ~-~-> 03:21:46 |you have to remove the invitation for them, you have to remove the setting the
2204 |2203 |03:21:46 ~-~-> 03:21:51 |the opportunity, and the easiest thing that I can try to communicate to you is
2205 |2204 |03:21:52 ~-~-> 03:21:58 |there are times when the market is going to be harder. And when you can identify
2206 |2205 |03:21:58 ~-~-> 03:22:04 |that it's best to not do anything. And it matters not if Joe Schmo and his
2207 |2206 |03:22:04 ~-~-> 03:22:10 |mentorship horseshit is made whatever he's supposedly need, at a time when you
2208 |2207 |03:22:10 ~-~-> 03:22:13 |maybe made it public knowledge that you're not doing it because you don't
2209 |2208 |03:22:13 ~-~-> 03:22:17 |think the markets gonna be conducive for high probability trading. Whenever
2210 |2209 |03:22:17 ~-~-> 03:22:22 |someone says that on social media, I guarantee it when I say that stuff, the
2211 |2210 |03:22:22 ~-~-> 03:22:25 |people that say it said about me where I got multiple accounts and multiple
2212 |2211 |03:22:25 ~-~-> 03:22:29 |laptops trying to buy and sell the same bullshit. They themselves are working
2213 |2212 |03:22:29 ~-~-> 03:22:34 |very hard to come up with something to say it said don't do this. But here's
2214 |2213 |03:22:34 ~-~-> 03:22:39 |what I did. Because they need that to feel good about themselves. They need
2215 |2214 |03:22:39 ~-~-> 03:22:42 |that significance. They need that dopamine hit, they need to be able to
2216 |2215 |03:22:42 ~-~-> 03:22:43 |feel like they outsmarted me.
2217 |2216 |03:22:46 ~-~-> 03:22:49 |That's not the wrong assessment, the right thing to do in trading, you're
2218 |2217 |03:22:49 ~-~-> 03:22:53 |trying to constantly measure up to someone else. The people that make money
2219 |2218 |03:22:53 ~-~-> 03:22:59 |don't give a fuck. I don't care what these people make or lose, I don't care.
2220 |2219 |03:23:00 ~-~-> 03:23:05 |Their methodology. I don't believe in its methodology. It's made up fairytales
2221 |2220 |03:23:05 ~-~-> 03:23:10 |bullshit. If they made mine, that was chance, just like when people go to
2222 |2221 |03:23:10 ~-~-> 03:23:15 |casinos, and they get lucky at the slot machines isn't skill. It's a ratio at
2223 |2222 |03:23:15 ~-~-> 03:23:18 |some point, after a certain amount of money goes into machine, then it pays
2224 |2223 |03:23:18 ~-~-> 03:23:23 |out a certain percentage. That's how it works. It's running on algorithm ah, oh
2225 |2224 |03:23:23 ~-~-> 03:23:31 |shit. But by having a logic of knowing when to avoid certain things in certain
2226 |2225 |03:23:31 ~-~-> 03:23:35 |climates, and when not to trade, and when to put a limitation on yourself. I
2227 |2226 |03:23:35 ~-~-> 03:23:41 |can only trade if it does this. Instead, you rooted in sound logic that will
2228 |2227 |03:23:41 ~-~-> 03:23:48 |prevent you from wrecking yourself. It'll instill discipline, self control,
2229 |2228 |03:23:49 ~-~-> 03:23:55 |and you will not invite the tendency to over leverage over trade and revenge
2230 |2229 |03:23:55 ~-~-> 03:24:00 |trade. And you won't fear missing any move. You've already given yourself
2231 |2230 |03:24:00 ~-~-> 03:24:05 |permission. How disarming is that, yeah, already know that this is probably gonna
2232 |2231 |03:24:05 ~-~-> 03:24:08 |be a week where it moves around a lot. But I might not be that precise this
2233 |2232 |03:24:08 ~-~-> 03:24:12 |week. So I'm willing to let it go, either. But don't take any trades all
2234 |2233 |03:24:12 ~-~-> 03:24:16 |week long. You've done it outwardly already committed to it. You committed
2235 |2234 |03:24:16 ~-~-> 03:24:19 |yourself to it. So that way, you're not going to feel any regret. Because you've
2236 |2235 |03:24:19 ~-~-> 03:24:22 |already told yourself, you've given yourself permission. How many times have
2237 |2236 |03:24:22 ~-~-> 03:24:25 |you done that in your trading? You've given yourself permission to not take a
2238 |2237 |03:24:25 ~-~-> 03:24:29 |trade this day, even though you think it might do something? Do you outwardly say
2239 |2238 |03:24:29 ~-~-> 03:24:34 |to yourself? You know, Michael, you do have permission to not take a trade
2240 |2239 |03:24:34 ~-~-> 03:24:38 |today. Nobody's expecting you to take a trade today. You don't have to trade the
2241 |2240 |03:24:38 ~-~-> 03:24:44 |day. That's what that does psychologically. And subconsciously. It
2242 |2241 |03:24:44 ~-~-> 03:24:48 |disarms you so that way, you're not out to prove shit. Then your visibility
2243 |2242 |03:24:48 ~-~-> 03:24:54 |becomes more clear. You'll see the setups that are really there versus I
2244 |2243 |03:24:54 ~-~-> 03:24:59 |need to have something to go on social media. I need to do a live stream so I
2245 |2244 |03:24:59 ~-~-> 03:25:07 |can show my Oh shit working and then losing. It's human error constantly
2246 |2245 |03:25:07 ~-~-> 03:25:11 |repeating itself over and over and over again, and they don't see it, you don't
2247 |2246 |03:25:11 ~-~-> 03:25:18 |see it. And it's correctable, you can replace this methodology that invites
2248 |2247 |03:25:18 ~-~-> 03:25:25 |failure. You can replace it by simply giving yourself permission to be
2249 |2248 |03:25:25 ~-~-> 03:25:30 |imperfect. And you don't have to treat every day. And once you disarm yourself
2250 |2249 |03:25:30 ~-~-> 03:25:36 |like that, your objectivity and looking at price, it becomes clear. You don't
2251 |2250 |03:25:36 ~-~-> 03:25:40 |have anything to prove. You're not out there trying to prove your concepts, my
2252 |2251 |03:25:40 ~-~-> 03:25:45 |methodology, or whatever it is that you're doing works. You're just focusing
2253 |2252 |03:25:45 ~-~-> 03:25:49 |on is that setup really there? Does it fit what I'm expecting the market to do?
2254 |2253 |03:25:50 ~-~-> 03:25:56 |And then what happens is you become a well rounded, balanced, professional
2255 |2254 |03:25:56 ~-~-> 03:26:05 |minded trader. And by doing those things, by contrast, it'll lift you like
2256 |2255 |03:26:05 ~-~-> 03:26:09 |a feather. This float above all these other problem times, where everybody
2257 |2256 |03:26:09 ~-~-> 03:26:12 |else is like, where the hell that come from? Why was the market so hard this
2258 |2257 |03:26:12 ~-~-> 03:26:17 |week? What is what is this market creating all these problems for? Why is
2259 |2258 |03:26:17 ~-~-> 03:26:22 |it keep having all these deep retracements you're not on social media
2260 |2259 |03:26:22 ~-~-> 03:26:25 |laughing at them. You're not in there. You couldn't stand in your face, but
2261 |2260 |03:26:25 ~-~-> 03:26:29 |you're smiling. I'm glad I didn't get caught up in that bullshit. You're wiser
2262 |2261 |03:26:29 ~-~-> 03:26:38 |now. So stillness is a very, very good skill set. And the sooner you learn to
2263 |2262 |03:26:38 ~-~-> 03:26:44 |give yourself the permission to be still about that will be bounced up and
2264 |2263 |03:26:44 ~-~-> 03:26:48 |insightful today from this, hopefully I was inspiration on some aspect of
2265 |2264 |03:26:48 ~-~-> 03:26:54 |sharing what it is felt inspired to talk about. I'm not tired, but I can hear my
2266 |2265 |03:26:54 ~-~-> 03:26:59 |wife down here. She's getting aggravated with a puppy. So that's her way of
2267 |2266 |03:26:59 ~-~-> 03:27:03 |letting you know it's time to come in here help me. So I'm gonna wish you a
2268 |2267 |03:27:03 ~-~-> 03:27:06 |very pleasant Saturday. Hopefully you enjoy yourself this weekend. You're
2269 |2268 |03:27:06 ~-~-> 03:27:10 |safe, and you're in good health. And I will be with you all tomorrow, Lord
2270 |2269 |03:27:10 ~-~-> 03:27:16 |willing at five o'clock Eastern time, tomorrow to do a live stream market
2271 |2270 |03:27:16 ~-~-> 03:27:21 |reveal. And we'll see what we do in the opening. So I'll stay with you for about
2272 |2271 |03:27:21 ~-~-> 03:27:25 |an hour tomorrow. Until I talk to you then we say