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2 |1 |00:00:27 ~-~-> 00:00:35 |ICT: Well, good morning. It is a good morning. Hope you're doing well. So I
3 |2 |00:00:35 ~-~-> 00:00:41 |felt a little impulsive this morning. I got up for a little earlier than I
4 |3 |00:00:41 ~-~-> 00:00:46 |planned to be today. And I made my rounds through YouTube and looked at the
5 |4 |00:00:46 ~-~-> 00:00:50 |folks that I like to follow and see what they posted and see if their latest,
6 |5 |00:00:50 ~-~-> 00:01:01 |updated social media post would be. And I came across one of the guys I follow
7 |6 |00:01:01 ~-~-> 00:01:10 |who I'm rooting for. A lot of you don't understand why, but he was the
8 |7 |00:01:10 ~-~-> 00:01:18 |inspiration behind this discussion today. Now right away, let me preface it
9 |8 |00:01:18 ~-~-> 00:01:24 |by saying this is the kind of thing that the millennials that have it right now
10 |9 |00:01:24 ~-~-> 00:01:29 |give it to me. I demand it. You owe it to me and make it real easy. And I don't
11 |10 |00:01:29 ~-~-> 00:01:34 |want to have to put any effort into it. This is the kind of topic or discussion
12 |11 |00:01:34 ~-~-> 00:01:39 |that you're not going to like, because it's going to require you to do some
13 |12 |00:01:39 ~-~-> 00:01:43 |personal inventory. It's also going to put limitations on where you're placing
14 |13 |00:01:43 ~-~-> 00:01:48 |your focus, what you should be doing, how you should be thinking. And the
15 |14 |00:01:48 ~-~-> 00:01:52 |millennial mindset is, don't tell me how to think. I'll learn how to do that on
16 |15 |00:01:52 ~-~-> 00:02:03 |social media. So in trading, in investing, your your end, entering an
17 |16 |00:02:03 ~-~-> 00:02:09 |arena where the sharpest minds in the world are out here trying to cannibalize
18 |17 |00:02:09 ~-~-> 00:02:14 |one another. And if you come in with a very limited perspective on how the
19 |18 |00:02:14 ~-~-> 00:02:18 |markets are going to behave, how you are going to engage in these marketplaces,
20 |19 |00:02:18 ~-~-> 00:02:25 |you're going to have your clock cleaned, okay, very efficiently and expediently,
21 |20 |00:02:26 ~-~-> 00:02:35 |and it will be sudden, and you won't feel like anyone can be profitable or
22 |21 |00:02:35 ~-~-> 00:02:40 |anyone can trade. And I've seen that over the years as a educator, you know,
23 |22 |00:02:40 ~-~-> 00:02:44 |coming in contact with a lot of different personalities, a lot of
24 |23 |00:02:44 ~-~-> 00:02:54 |different cultural divides, and largely the repeating phenomenon is that the
25 |24 |00:02:54 ~-~-> 00:03:06 |lack of personal responsibility and also the just disproportionate level of what
26 |25 |00:03:06 ~-~-> 00:03:16 |is realistic versus what's being promoted, largely on social media. So I
27 |26 |00:03:16 ~-~-> 00:03:19 |want to talk a little bit, and I probably will be about an hour or less
28 |27 |00:03:19 ~-~-> 00:03:25 |today, so I'm on schedule, so I have to make sure I stay on that that time
29 |28 |00:03:25 ~-~-> 00:03:28 |frame, it's around the holidays, and it's something I'm trying to squeeze in
30 |29 |00:03:28 ~-~-> 00:03:31 |on my personal time. Usually I do these types of things, or did these things.
31 |30 |00:03:31 ~-~-> 00:03:36 |I'm not on Twitter anymore, but I would do Twitter spaces, and I wanted to kind
32 |31 |00:03:36 ~-~-> 00:03:41 |of encourage you, because we're ending in 2023 a lot of you have learned a
33 |32 |00:03:41 ~-~-> 00:03:46 |great deal of new things on the YouTube channel. You've learned a lot of things
34 |33 |00:03:46 ~-~-> 00:03:50 |about trading. Maybe you've discovered a lot of things about yourself. Maybe you
35 |34 |00:03:50 ~-~-> 00:03:56 |found the model, maybe you found the beginning footings, if you will, of a
36 |35 |00:03:56 ~-~-> 00:04:01 |progress that you want to see increase and move forward. And I'm trying to
37 |36 |00:04:01 ~-~-> 00:04:05 |encourage you to do that today, but also want to remind you some of the things
38 |37 |00:04:05 ~-~-> 00:04:13 |that I met coming up, and also what I see a lot of traders and a lot of
39 |38 |00:04:13 ~-~-> 00:04:19 |influencers slash traders and a lot of Youtubers that pretend to be traders,
40 |39 |00:04:19 ~-~-> 00:04:27 |those pitfalls they're falling victim to, and admittedly, I have reached out
41 |40 |00:04:27 ~-~-> 00:04:34 |to them, both publicly and privately, to try to encourage them to do things a
42 |41 |00:04:34 ~-~-> 00:04:37 |little bit differently. And I understand some people just don't want to take
43 |42 |00:04:37 ~-~-> 00:04:42 |advice, especially some of them not wanting to receive it from me, but
44 |43 |00:04:42 ~-~-> 00:04:49 |that's, you know, that's a miss one. It's misfortunate for both of us,
45 |44 |00:04:49 ~-~-> 00:04:53 |because I'd like to see these individuals improve, and I see them at a
46 |45 |00:04:53 ~-~-> 00:05:00 |position of stagnant development. The chart will not change. In this
47 |46 |00:05:00 ~-~-> 00:05:04 |discussion, by the way, so your your screen's not frozen. There will be a
48 |47 |00:05:04 ~-~-> 00:05:09 |list of things here, and I'll show you the first one, the first pitfall and
49 |48 |00:05:09 ~-~-> 00:05:13 |plague of trading well, is unrealistic expectations or results that you think
50 |49 |00:05:13 ~-~-> 00:05:18 |that you have to have. Okay? And before I say anything more, just let me say
51 |50 |00:05:18 ~-~-> 00:05:26 |this, we are in a performance oriented industry, it's all about the results.
52 |51 |00:05:26 ~-~-> 00:05:32 |Okay, whose results matter? Yours, not mine, not the people you follow, not the
53 |52 |00:05:32 ~-~-> 00:05:36 |people that you're trying to learn from, not the people you pocket watch on
54 |53 |00:05:36 ~-~-> 00:05:40 |social media. This person has the better car, this person has the better house,
55 |54 |00:05:40 ~-~-> 00:05:44 |this person has the better trading setup, the better. The better monitor
56 |55 |00:05:44 ~-~-> 00:05:50 |array, the better trading desk, the better, whatever. Okay, all of those
57 |56 |00:05:50 ~-~-> 00:05:55 |things do nothing to put money in your pocket or add to your bottom line on
58 |57 |00:05:55 ~-~-> 00:05:58 |your account. Now that's not to say you can't be entertained by those types of
59 |58 |00:05:58 ~-~-> 00:06:03 |things, but unfortunately, the state of the world today is they equate that to
60 |59 |00:06:03 ~-~-> 00:06:08 |being equivalent to, well, I can be like them, and I want to be successful so I
61 |60 |00:06:08 ~-~-> 00:06:12 |can do those things versus I want to learn how to trade so I don't have to go
62 |61 |00:06:12 ~-~-> 00:06:17 |to work. I want to have a profitable trading endeavor, so that way I can
63 |62 |00:06:17 ~-~-> 00:06:21 |operate like a business and be an entrepreneur and have the benefits of
64 |63 |00:06:21 ~-~-> 00:06:25 |living a better lifestyle. And that's not being rich, okay? That's not that's
65 |64 |00:06:25 ~-~-> 00:06:29 |not being promised to you here, but another stream of income that you can
66 |65 |00:06:29 ~-~-> 00:06:34 |feel confident that you're going to be able to do this in perpetuity, without
67 |66 |00:06:34 ~-~-> 00:06:39 |the necessity of you going to punch a time clock or leaning on the salary that
68 |67 |00:06:39 ~-~-> 00:06:43 |a ball says that this is what you're worth to me. That's not guaranteed to
69 |68 |00:06:43 ~-~-> 00:06:51 |you next year in 2024 that could change. So when we look at people, and I'm going
70 |69 |00:06:51 ~-~-> 00:07:00 |to lump myself into this, okay, for all fairness, I share a lot of examples that
71 |70 |00:07:00 ~-~-> 00:07:07 |many of you sometimes say in my comment section. You did it a lot on Twitter,
72 |71 |00:07:07 ~-~-> 00:07:12 |too. Not all of you are guilty of this, but I'm of the opinion that it's the
73 |72 |00:07:12 ~-~-> 00:07:17 |majority. I know that sometimes I'm executing with models that I have not
74 |73 |00:07:17 ~-~-> 00:07:25 |fully revealed, or entry mechanisms or things like that, and invariably, I'll
75 |74 |00:07:25 ~-~-> 00:07:32 |see people say I took the exact same trait. You're lying to yourself. I don't
76 |75 |00:07:32 ~-~-> 00:07:36 |believe you, and those types of things are not going to help you as a trader,
77 |76 |00:07:36 ~-~-> 00:07:40 |because what you're doing is you're saying to yourself in a comment to me
78 |77 |00:07:40 ~-~-> 00:07:44 |that I'm not believing now, if you So, this is my example. And I have students
79 |78 |00:07:44 ~-~-> 00:07:51 |that do this, they'll record themselves in engaging price, managing it. And I
80 |79 |00:07:51 ~-~-> 00:07:55 |reached out to a person that just recently the day, did almost the same
81 |80 |00:07:55 ~-~-> 00:08:02 |trade that I did, and I gave him a call out on my community tab. He's ever on
82 |81 |00:08:02 ~-~-> 00:08:07 |Twitter. Just look at that name. Look at all the recent tweets towards me. Now,
83 |82 |00:08:07 ~-~-> 00:08:14 |I'm not active on Twitter, but that person did exactly as close as you can
84 |83 |00:08:14 ~-~-> 00:08:20 |can to what I did in terms of trying to trade the market. Was it exact same
85 |84 |00:08:20 ~-~-> 00:08:24 |fill, no. Was it exact same targets? No, but the same premise. What was he
86 |85 |00:08:24 ~-~-> 00:08:32 |employing? What he learned? Okay, what he learned so unrealistic results are
87 |86 |00:08:32 ~-~-> 00:08:41 |assuming that you're going to have the same entries, the same targets, the same
88 |87 |00:08:42 ~-~-> 00:08:49 |everything about my trade. When you don't hit that, it will be frustrating,
89 |88 |00:08:49 ~-~-> 00:08:54 |and you'll start doing other things, because that impulsiveness will rise up
90 |89 |00:08:54 ~-~-> 00:09:00 |in you, and you're going to know in the deepest part of you that you can't do
91 |90 |00:09:00 ~-~-> 00:09:06 |what I'm doing yet. Not that you can't, but you can't do it yet. So then you
92 |91 |00:09:06 ~-~-> 00:09:09 |start pushing a button to see well, let me entertain myself, because I don't
93 |92 |00:09:09 ~-~-> 00:09:13 |feel well about what I think I should be able to do because I've watched a lot of
94 |93 |00:09:13 ~-~-> 00:09:16 |these videos, therefore it means I should know how to do it. When you
95 |94 |00:09:16 ~-~-> 00:09:21 |haven't practiced it, you haven't studied it, you haven't put chart time
96 |95 |00:09:21 ~-~-> 00:09:26 |in, you haven't logged anything, and those things, they will equate to and
97 |96 |00:09:26 ~-~-> 00:09:29 |delivered the results that you're looking for, but just simply watching
98 |97 |00:09:29 ~-~-> 00:09:34 |videos that doesn't do it, watching videos about taking notes doesn't do it,
99 |98 |00:09:34 ~-~-> 00:09:41 |so having unrealistic results in mind, meaning watching things like a Robin's
100 |99 |00:09:41 ~-~-> 00:09:46 |cup performance next year, or watching what the historical returns have been,
101 |100 |00:09:46 ~-~-> 00:09:49 |and thinking that you're going to walk out there in your trading, not
102 |101 |00:09:49 ~-~-> 00:09:54 |necessarily entering the competition, but trading with that level of return
103 |102 |00:09:56 ~-~-> 00:10:00 |every one of those individuals out there today, if you go look at it and. Any one
104 |103 |00:10:00 ~-~-> 00:10:04 |of those divisions, they're all respectable returns.
105 |104 |00:10:06 ~-~-> 00:10:09 |They're not to be diminished. I'm not trying to say they're not good returns.
106 |105 |00:10:09 ~-~-> 00:10:15 |They're great returns. If you're making 100% return on your money in a year. And
107 |106 |00:10:15 ~-~-> 00:10:18 |granted, there are a lot of you that are my students. There's a lot of you that
108 |107 |00:10:18 ~-~-> 00:10:22 |don't even trade the way I trade, and you can do better than 100% return in a
109 |108 |00:10:22 ~-~-> 00:10:26 |year. So please put your ego aside, because we're not out here trying to
110 |109 |00:10:26 ~-~-> 00:10:30 |measure up anything. I'm trying to focus on the students or traders that are
111 |110 |00:10:30 ~-~-> 00:10:35 |trying to accomplish consistency, and the things that they may or may not have
112 |111 |00:10:35 ~-~-> 00:10:40 |identified are problematic barriers that they're either going to have to overcome
113 |112 |00:10:40 ~-~-> 00:10:45 |or it will eventually become a factor in their development, and how to get around
114 |113 |00:10:45 ~-~-> 00:10:49 |those types of things, at least, how I did it, and how I actively teach my own
115 |114 |00:10:49 ~-~-> 00:10:54 |students and my own children. And I'll talk about my son, Cameron, who's
116 |115 |00:10:54 ~-~-> 00:11:00 |wrestling with a lot of things as well. So you have to be realistic about this,
117 |116 |00:11:00 ~-~-> 00:11:04 |okay, and watching someone that's been doing it for a very long time, and
118 |117 |00:11:04 ~-~-> 00:11:07 |assuming that you're going to watch a few videos that you would maybe have
119 |118 |00:11:07 ~-~-> 00:11:11 |been following me for a number of years, and then thinking, well, I should be
120 |119 |00:11:11 ~-~-> 00:11:17 |able to do what you're doing when none of you would be expected to be able to
121 |120 |00:11:17 ~-~-> 00:11:20 |trade like that. I would never have that expectation of you years down the road
122 |121 |00:11:20 ~-~-> 00:11:25 |you will, but just simply because you went through a video series, you know,
123 |122 |00:11:25 ~-~-> 00:11:28 |watched a couple videos, and maybe looked at some old charts, or maybe
124 |123 |00:11:28 ~-~-> 00:11:32 |watching some of my executions, you might feel an affinity for wanting to
125 |124 |00:11:32 ~-~-> 00:11:36 |trade like this, but don't assume for a moment that it's realistic for you to
126 |125 |00:11:36 ~-~-> 00:11:41 |expect yourself be able to walk out in 2024 and trade like that. So when you
127 |126 |00:11:41 ~-~-> 00:11:48 |see your favorite YouTuber, your favorite online personality and me in
128 |127 |00:11:48 ~-~-> 00:11:56 |that list as well, our results are unique to us. You don't know what we're
129 |128 |00:11:56 ~-~-> 00:12:01 |wrestling with at the time. You don't know what things are factors that are
130 |129 |00:12:02 ~-~-> 00:12:08 |really plaguing us behind the scenes while in a trade, you don't know if we
131 |130 |00:12:08 ~-~-> 00:12:12 |feel good about the leverage that we've put on or not. There's been several
132 |131 |00:12:12 ~-~-> 00:12:17 |instances where I have shown executions this week, and when I moved my stop
133 |132 |00:12:17 ~-~-> 00:12:22 |because of personal schedules, I want to be able to share something with you. And
134 |133 |00:12:22 ~-~-> 00:12:26 |I moved the stop a little bit more aggressive than I would normally do if I
135 |134 |00:12:26 ~-~-> 00:12:29 |wasn't trying to meet a time scheduled event, like my son going to the dentist,
136 |135 |00:12:30 ~-~-> 00:12:33 |like my wife saying, hey, you know, we got to get the tree up. We got to do
137 |136 |00:12:33 ~-~-> 00:12:37 |this. We got to get new sets of this for something around the house. Because I'm
138 |137 |00:12:37 ~-~-> 00:12:40 |a family person as well. I have a family. I have a wife. I have a honey to
139 |138 |00:12:40 ~-~-> 00:12:46 |do, or honey do list that she likes to throw at me. These are all things that
140 |139 |00:12:46 ~-~-> 00:12:50 |you as a person are going to have to manage in your trading as well. And
141 |140 |00:12:50 ~-~-> 00:12:53 |while you're learning how to do this, if you ever went to uni, if you've been a
142 |141 |00:12:53 ~-~-> 00:12:59 |college student, whatnot, those types of things, you had to balance that as well.
143 |142 |00:12:59 ~-~-> 00:13:03 |You had to work your job. If you have to keep a job study, do all those things,
144 |143 |00:13:03 ~-~-> 00:13:08 |and it's a lot on your plate, and it's important that you realize that no one's
145 |144 |00:13:08 ~-~-> 00:13:14 |holding you to a unrealistic expectation of yourself, except for you. You you're
146 |145 |00:13:14 ~-~-> 00:13:24 |doing that, and don't allow other people to inflate what you should be viewing as
147 |146 |00:13:24 ~-~-> 00:13:30 |realistic results, and what is a realistic result? To me, if you can make
148 |147 |00:13:30 ~-~-> 00:13:39 |2% a week, that's phenomenal. Now, obviously you that's way below someone
149 |148 |00:13:39 ~-~-> 00:13:45 |that's been trading for a long time, that's that's really nothing in terms of
150 |149 |00:13:45 ~-~-> 00:13:48 |the grand scheme of things, but we're talking about where you are right now,
151 |150 |00:13:48 ~-~-> 00:13:59 |the the the lack of consistency, or the trader student that is unable to find
152 |151 |00:13:59 ~-~-> 00:14:06 |their way in consistency. Where should you aim? Finding yourself in the realm
153 |152 |00:14:06 ~-~-> 00:14:13 |of 2% positive on the week, that is not a high water mark where you can't reach
154 |153 |00:14:13 ~-~-> 00:14:20 |it is absolutely obtainable, and you can do it risking one quarter of 1% now
155 |154 |00:14:20 ~-~-> 00:14:27 |that's not sexy. That's not in vogue right now. That's not a popular thing to
156 |155 |00:14:27 ~-~-> 00:14:31 |be risking that little, because in your mindset, you're thinking, I can't get
157 |156 |00:14:31 ~-~-> 00:14:39 |rich risking so little. I gotta risk big money. That's a lie. The people that say
158 |157 |00:14:39 ~-~-> 00:14:45 |that are not profitable anyway, in their mind, that tells you that number one,
159 |158 |00:14:45 ~-~-> 00:14:49 |they're mathematically challenged. They have no understanding of compound
160 |159 |00:14:49 ~-~-> 00:14:54 |interest. They have no consistency in modeling a trading plan. They have no
161 |160 |00:14:54 ~-~-> 00:14:57 |idea what they're looking for. They have no faith in what they're looking for is
162 |161 |00:14:57 ~-~-> 00:15:04 |going to repeat just about every single. Single day, and because creatures of
163 |162 |00:15:04 ~-~-> 00:15:09 |habit, that's what humans are. If you, if you follow or fly with a flock of
164 |163 |00:15:09 ~-~-> 00:15:14 |birds, okay, that has a specific mindset, you will adopt that mindset,
165 |164 |00:15:14 ~-~-> 00:15:20 |even if it is toxic, because you're going to try to fit in, and social media
166 |165 |00:15:20 ~-~-> 00:15:25 |kind of captivates these individuals, where they feel like they're they're
167 |166 |00:15:25 ~-~-> 00:15:30 |included in something, and you don't want to include yourself in to a
168 |167 |00:15:31 ~-~-> 00:15:40 |community mindset that is unrealistic, having astronomical rates of return. You
169 |168 |00:15:40 ~-~-> 00:15:44 |know, while that's wonderful, and it should be an aspiration over a long
170 |169 |00:15:44 ~-~-> 00:15:50 |career, walking out in your first few years as a fledgling as a trader, you
171 |170 |00:15:50 ~-~-> 00:15:56 |know, it's a it's going to sound like a buzzkill, but really, it's not
172 |171 |00:15:56 ~-~-> 00:16:00 |practical. And I fell victim to that when I first started. I felt like it was
173 |172 |00:16:00 ~-~-> 00:16:05 |something that, you know, that's what that's going to tell me, I'm doing the
174 |173 |00:16:05 ~-~-> 00:16:10 |right thing, making lots of money, doing it correctly, you with lots of you know,
175 |174 |00:16:10 ~-~-> 00:16:18 |percentage return, never losing. That's an unrealistic expectation as well. And
176 |175 |00:16:19 ~-~-> 00:16:24 |I forced myself, I was actually talking to my private mentorship students, and I
177 |176 |00:16:24 ~-~-> 00:16:30 |said I was forcing myself to trade in conditions that I don't generally want
178 |177 |00:16:30 ~-~-> 00:16:36 |to trade in. And you see me get stopped out, you've watched me get stopped out.
179 |178 |00:16:37 ~-~-> 00:16:43 |They have to re enter using the rules that I teach. I traded in settings that
180 |179 |00:16:43 ~-~-> 00:16:47 |I would not risk real money in in the questions that are coming up in the
181 |180 |00:16:47 ~-~-> 00:16:52 |comment section, why are you doing this? Because I'm showing you why I practice
182 |181 |00:16:52 ~-~-> 00:16:56 |what I preach. Can I get it right? Sometimes, yes. But is that enough
183 |182 |00:16:56 ~-~-> 00:17:00 |reason for me to go out there and trade in from the CPI, no. Is it enough reason
184 |183 |00:17:00 ~-~-> 00:17:07 |for me to trade in front of the FOMC. No, is it something I should be trading
185 |184 |00:17:07 ~-~-> 00:17:12 |on a Thursday and Friday of Non Farm Payroll? No. Can I Yes? Can I get
186 |185 |00:17:13 ~-~-> 00:17:19 |fortunate enough to have a setup fall in my favor? Yes, but that doesn't entice
187 |186 |00:17:19 ~-~-> 00:17:27 |me to do it as a steady diet every single month, because my precision, my
188 |187 |00:17:27 ~-~-> 00:17:34 |accuracy, my trade management, is greatly hindered by the level of
189 |188 |00:17:34 ~-~-> 00:17:40 |volatility and uncertainty that is caused around those types of days. So I
190 |189 |00:17:40 ~-~-> 00:17:45 |don't need to go out on social media to do those things, to prove that my
191 |190 |00:17:45 ~-~-> 00:17:49 |concepts or that I can trade, or anybody else can learn this and have it
192 |191 |00:17:49 ~-~-> 00:17:52 |transferable knowledge. I don't need to do those things, but because I want to
193 |192 |00:17:52 ~-~-> 00:17:55 |close this year out with other things and talk about it in a manner where,
194 |193 |00:17:55 ~-~-> 00:18:00 |hey, look, you can see those examples, and think to yourself, Wow, that's
195 |194 |00:18:00 ~-~-> 00:18:05 |that's that's really good to me. When I look at this, I look at it as I know
196 |195 |00:18:05 ~-~-> 00:18:09 |it's entertaining for you, but I don't want you to look at it and say, Well, I
197 |196 |00:18:09 ~-~-> 00:18:12 |want to trade like you and do that, because that's not what this is about.
198 |197 |00:18:15 ~-~-> 00:18:19 |There's been several times this year, and in my private mentorship, they will
199 |198 |00:18:19 ~-~-> 00:18:25 |vouch for this too. I'm rarely accurate in my expectation of front of the CPI
200 |199 |00:18:25 ~-~-> 00:18:29 |number. I've said it many times in Twitter spaces. I've said it many times
201 |200 |00:18:29 ~-~-> 00:18:35 |in this YouTube channel, and I'm rarely accurate in terms of what I think the
202 |201 |00:18:35 ~-~-> 00:18:41 |CPI is going to do before it does it. So if I had a model, if I had a approach
203 |202 |00:18:41 ~-~-> 00:18:46 |that could take advantage of that, then clearly I'd be in there doing every
204 |203 |00:18:46 ~-~-> 00:18:50 |single month when it's available. I'd be in there, you know, fleecing it every
205 |204 |00:18:50 ~-~-> 00:18:55 |every single opportunity. But because I've seen enough to know that that's not
206 |205 |00:18:55 ~-~-> 00:19:00 |realistic for me to know in advance, with a great deal of consistency, what
207 |206 |00:19:00 ~-~-> 00:19:04 |that report's going to do much like the Non Farm Payroll. I can have a schematic
208 |207 |00:19:04 ~-~-> 00:19:07 |in mind where I think that this is what the price is going to do. It's going to
209 |208 |00:19:07 ~-~-> 00:19:11 |behave this way. It's going to attack this liquidity first and then go here.
210 |209 |00:19:11 ~-~-> 00:19:15 |But you know what that is? It's the equivalent of the same thing that a
211 |210 |00:19:15 ~-~-> 00:19:19 |football team's head coach does when they're at the Super Bowl. They have a
212 |211 |00:19:19 ~-~-> 00:19:26 |playbook. But how many times is the other team that didn't win? Looking at
213 |212 |00:19:26 ~-~-> 00:19:31 |that playbook saying, but I had it all figured out beforehand. If the players
214 |213 |00:19:31 ~-~-> 00:19:35 |just would have did this, if the candlesticks would have just did what
215 |214 |00:19:35 ~-~-> 00:19:40 |they were supposed to do, that's unrealistic, thinking. Those are
216 |215 |00:19:40 ~-~-> 00:19:44 |unrealistic results. I know that these markets are going to be even more
217 |216 |00:19:44 ~-~-> 00:19:51 |manipulated in a degree where I can't participate and trust that my concepts,
218 |217 |00:19:51 ~-~-> 00:19:56 |my models, are going to perform as efficiently as they would if they're not
219 |218 |00:19:56 ~-~-> 00:20:01 |in those particular settings any given day of. Week, apart from the things I've
220 |219 |00:20:01 ~-~-> 00:20:02 |mentioned here,
221 |220 |00:20:03 ~-~-> 00:20:07 |I'm pretty confident that I'm going to find something I'm going to be able to
222 |221 |00:20:07 ~-~-> 00:20:14 |take home now, me being your mentor, and you saying I'm a student of you, and I
223 |222 |00:20:14 ~-~-> 00:20:19 |believe in your concepts, that doesn't equate to you being on the level,
224 |223 |00:20:20 ~-~-> 00:20:27 |knowing how to do it yet. So don't blur that line. And some of you get very this
225 |224 |00:20:27 ~-~-> 00:20:31 |is where it becomes, you know, admittedly, it's, it's cult like,
226 |225 |00:20:31 ~-~-> 00:20:37 |because anything that gets popular and it feels like you want to be a part of
227 |226 |00:20:37 ~-~-> 00:20:43 |it, and it's able to do things that it's something different. People want to plug
228 |227 |00:20:43 ~-~-> 00:20:48 |into that, and it gives them an identity. You're stronger than that. You
229 |228 |00:20:48 ~-~-> 00:20:52 |don't need to identify with me. You don't need to identify with my concepts.
230 |229 |00:20:52 ~-~-> 00:20:56 |That doesn't mean you can't employ them. It doesn't mean that they can't be a
231 |230 |00:20:56 ~-~-> 00:21:02 |basis for you to be trading. But so many of you are just trying to be part of
232 |231 |00:21:03 ~-~-> 00:21:09 |something that's not required for you to be profitable, meaning the the carnival,
233 |232 |00:21:09 ~-~-> 00:21:14 |like atmosphere. I love the camaraderie and the the tight knit feeling of our
234 |233 |00:21:14 ~-~-> 00:21:22 |community, but many of you go on a defensive when you don't need to and
235 |234 |00:21:23 ~-~-> 00:21:27 |that's an unrealistic result as well. You can't worry about defending me. You
236 |235 |00:21:27 ~-~-> 00:21:32 |can't worry about defending my concepts. They do it all by themselves. Okay? I
237 |236 |00:21:32 ~-~-> 00:21:37 |don't need anybody to defend me or how I trade. Your focus should be primarily on
238 |237 |00:21:37 ~-~-> 00:21:41 |you. What are you doing today that's leading you to being better than you
239 |238 |00:21:41 ~-~-> 00:21:47 |were yesterday, last week, last month, last quarter, last year, and are you
240 |239 |00:21:47 ~-~-> 00:21:52 |logging that you have to be journaling? If you're not journaling, that's an
241 |240 |00:21:52 ~-~-> 00:21:58 |unrealistic result. You have no baseline measurement. You have no way of being
242 |241 |00:21:58 ~-~-> 00:22:03 |able to judge, are you really seeing progress? Because if you go by a gut
243 |242 |00:22:03 ~-~-> 00:22:05 |feeling, yeah, I feel better about getting in trade. That's nothing.
244 |243 |00:22:06 ~-~-> 00:22:10 |There's that's nothing. Some of those executions I did and shared with you
245 |244 |00:22:10 ~-~-> 00:22:15 |this week and last you know, once I got into the trade, I was like, I wish I
246 |245 |00:22:15 ~-~-> 00:22:18 |wouldn't have got in this trade now. I wish I would have waited on another move
247 |246 |00:22:18 ~-~-> 00:22:23 |and even got in at a higher price, even though I was bullish, even though I got
248 |247 |00:22:23 ~-~-> 00:22:27 |in at a lower price, I didn't like where I was in certain parts of those
249 |248 |00:22:27 ~-~-> 00:22:32 |executions, but I was there, and that's exactly what it's like for you. When you
250 |249 |00:22:32 ~-~-> 00:22:35 |get into the real world where you're trading with real money, you're going to
251 |250 |00:22:35 ~-~-> 00:22:39 |push a button. And now, what do you do if you don't feel so warmed up to the
252 |251 |00:22:39 ~-~-> 00:22:43 |idea that you've placed yourself correctly, you either have to manage
253 |252 |00:22:43 ~-~-> 00:22:49 |yourself through that trade or kill it and then go in at a better place where
254 |253 |00:22:49 ~-~-> 00:22:55 |you feel sound, you feel comfortable, and books don't talk about these types
255 |254 |00:22:55 ~-~-> 00:22:59 |of things. You know other teachers, they don't talk about those things. It's
256 |255 |00:22:59 ~-~-> 00:23:05 |something that you're going to encounter. But when you sugarcoat it and
257 |256 |00:23:05 ~-~-> 00:23:10 |you put blinders on, you say, Well, I didn't really do anything wrong here,
258 |257 |00:23:10 ~-~-> 00:23:15 |because the trade did eventually pan out. Well, that's not accurate. You have
259 |258 |00:23:15 ~-~-> 00:23:21 |to identify what caused you the uncomfortable state of mind I was in
260 |259 |00:23:22 ~-~-> 00:23:27 |I've been listening to the top step YouTube channel. Those guys over there.
261 |260 |00:23:27 ~-~-> 00:23:31 |They used to trade on the floor, and I absolutely love listening to their
262 |261 |00:23:31 ~-~-> 00:23:36 |stories. I love listening to their banter, and I like using their chat
263 |262 |00:23:36 ~-~-> 00:23:40 |window for sentiment, because it's a wonderful way of being able to see, you
264 |263 |00:23:40 ~-~-> 00:23:44 |know, oversold when capitulation is there, when I can fade that type of
265 |264 |00:23:44 ~-~-> 00:23:48 |thing. And please don't be put off by that, because they're doing the same
266 |265 |00:23:48 ~-~-> 00:23:52 |thing when they talk about their tilt. That's a sentiment indicator. You know,
267 |266 |00:23:52 ~-~-> 00:23:55 |all of you are going to want to use that. And all I'm doing is using the
268 |267 |00:23:55 ~-~-> 00:24:00 |real time sentiment indicators that the commentary of these participants in that
269 |268 |00:24:00 ~-~-> 00:24:04 |chat window and other YouTubers I like to listen to. I'm not there to learn how
270 |269 |00:24:04 ~-~-> 00:24:09 |to trade. I'm there for the community aspect of listening to them talk about
271 |270 |00:24:09 ~-~-> 00:24:12 |how it was for them on the floor. I love hearing I wish they would do more of
272 |271 |00:24:12 ~-~-> 00:24:17 |that. I wish they would do more of that. I started when that was still a way of
273 |272 |00:24:17 ~-~-> 00:24:22 |trading. You know, we're dinosaurs. That type, that way of trading, is gone.
274 |273 |00:24:23 ~-~-> 00:24:30 |It'll never be like that again. And when I heard one of the gentlemen talk about
275 |274 |00:24:30 ~-~-> 00:24:39 |how they had traded, and while they did well enough to come out in a profit, he
276 |275 |00:24:39 ~-~-> 00:24:44 |said, I don't like it, and even though I was profitable, I don't feel I did well
277 |276 |00:24:44 ~-~-> 00:24:48 |today. You know what that is? That's not That's not beating yourself up. That's
278 |277 |00:24:48 ~-~-> 00:24:53 |reality, and that's exactly what all of you need to do. You can't just say,
279 |278 |00:24:53 ~-~-> 00:24:59 |well, I pushed a button when I hope in a prayer, it worked out my favor. So
280 |279 |00:24:59 ~-~-> 00:25:05 |therefore it's. Baby, look at me. Watch me shine. I have a great deal of respect
281 |280 |00:25:05 ~-~-> 00:25:09 |for that. I have a great deal of respect for any trader that says, You know what?
282 |281 |00:25:09 ~-~-> 00:25:15 |This worked out my favor. But really, it was just a state of me being fortunate
283 |282 |00:25:15 ~-~-> 00:25:18 |enough to see it come out in my favor. It had nothing to do with skill. Because
284 |283 |00:25:18 ~-~-> 00:25:22 |if I was being honest with you. I wish I wouldn't have taken that very trade.
285 |284 |00:25:22 ~-~-> 00:25:29 |There are you equipped to to critique yourself that way where it's not you're
286 |285 |00:25:29 ~-~-> 00:25:36 |not beating yourself up. You're not undermining the the mindset that you're
287 |286 |00:25:36 ~-~-> 00:25:42 |going to need to tap into. You're not trying to belittle yourself. You're not
288 |287 |00:25:42 ~-~-> 00:25:45 |trying to shame yourself, but you're holding yourself to accountability. And
289 |288 |00:25:45 ~-~-> 00:25:52 |that's a very, very hard line to walk as a human being, let alone placing it on
290 |289 |00:25:52 ~-~-> 00:25:57 |the measurement of making money or losing and equating that to failure or
291 |290 |00:25:57 ~-~-> 00:26:01 |successfulness. And you can't, you can't do that in trading, because you can be
292 |291 |00:26:01 ~-~-> 00:26:06 |successful and still just taking very small losses or getting into a trade and
293 |292 |00:26:06 ~-~-> 00:26:11 |saying, Oh, well, I thought I saw something here, but it really isn't
294 |293 |00:26:11 ~-~-> 00:26:17 |there. And if I hold on to it, really what I'm doing is I'm gambling because I
295 |294 |00:26:17 ~-~-> 00:26:20 |don't feel confident about that setup. And I'm not going to wrestle and arm
296 |295 |00:26:20 ~-~-> 00:26:24 |wrestle myself and say, Well, if I get out, I know it's gonna run and I'm gonna
297 |296 |00:26:24 ~-~-> 00:26:29 |regret that. No, a professional mindset doesn't think like that. You know, who
298 |297 |00:26:29 ~-~-> 00:26:34 |thinks like that? A gambler. You know, it's this slot machine is cold. I've
299 |298 |00:26:34 ~-~-> 00:26:38 |been put money on it for two three hours. It ain't paying out nothing. But
300 |299 |00:26:38 ~-~-> 00:26:44 |I know as soon as I get up Larry over there in the corner, who's eating? Dial
301 |300 |00:26:44 ~-~-> 00:26:49 |it back in. ICT, slow down. Slow down. Someone else is going to slide on in
302 |301 |00:26:49 ~-~-> 00:26:52 |when you get up, and you know what they're going to do, they're going to
303 |302 |00:26:52 ~-~-> 00:26:55 |put enough money in. The ratio will be met, and then the machine will pay out.
304 |303 |00:26:55 ~-~-> 00:27:01 |And you'll say, I knew I was right, if I just would have. Well, you can't do that
305 |304 |00:27:01 ~-~-> 00:27:10 |in trading. You can't have a slot machine mentality. Because if you're
306 |305 |00:27:10 ~-~-> 00:27:15 |gaining the experience, learning how to navigate these markets, knowing what
307 |306 |00:27:15 ~-~-> 00:27:22 |you're looking for, if that's not there for your trade, everything's not saying
308 |307 |00:27:22 ~-~-> 00:27:26 |this is really what you should be in right now. You're all things are our go
309 |308 |00:27:26 ~-~-> 00:27:30 |for this trade to be profitable. If those things are not, in fact, what's
310 |309 |00:27:30 ~-~-> 00:27:34 |going on for your trade, then you need to kill it, or at the very minimum, take
311 |310 |00:27:34 ~-~-> 00:27:40 |half the trade off and let experience guide you and the rest of it. But if
312 |311 |00:27:40 ~-~-> 00:27:44 |you're honest with yourself right now, if we were in a conversation together,
313 |312 |00:27:44 ~-~-> 00:27:47 |it was just the privacy of you and I talking, and I'll say, Hey, have you
314 |313 |00:27:47 ~-~-> 00:27:51 |ever had this experience where you knew you shouldn't have been in the trade,
315 |314 |00:27:51 ~-~-> 00:27:57 |but yet you're still in it? Wouldn't you? Wouldn't you feel uncomfortable
316 |315 |00:27:57 ~-~-> 00:28:03 |saying it publicly? You would feel uncomfortable because you're equating it
317 |316 |00:28:03 ~-~-> 00:28:09 |to, well, it's not something that you know. People should blame. They
318 |317 |00:28:10 ~-~-> 00:28:16 |shouldn't blame me for it. They shouldn't have any harsh criticism
319 |318 |00:28:18 ~-~-> 00:28:23 |because I'm trading I'm doing more than you, and I was willing to hold on to the
320 |319 |00:28:23 ~-~-> 00:28:26 |trade, even though I knew was not likely to be profitable, I was able to hold on
321 |320 |00:28:26 ~-~-> 00:28:31 |to it. So therefore it makes me stronger. No, it makes you a gambler. It
322 |321 |00:28:31 ~-~-> 00:28:41 |makes you a gambler. It makes you hold on to emotional stimuli for fear of
323 |322 |00:28:41 ~-~-> 00:28:47 |feeling an emotional stimuli at a later time that was going to be regretful,
324 |323 |00:28:47 ~-~-> 00:28:53 |because if you're right, if you're right, and you hold on to it, you're
325 |324 |00:28:53 ~-~-> 00:28:59 |going to call that skill. And I'm here to tell you that's not skill. If you
326 |325 |00:28:59 ~-~-> 00:29:05 |know your model's no longer in that setup. You're in there blind. You're
327 |326 |00:29:05 ~-~-> 00:29:11 |like a sailboat in a storm with no rudder. Wherever the wind's going to
328 |327 |00:29:11 ~-~-> 00:29:14 |carry you, that's where you're going to go. And if you make it to shore
329 |328 |00:29:14 ~-~-> 00:29:17 |somewhere, you're going to call that port of destination where you intended
330 |329 |00:29:17 ~-~-> 00:29:27 |to be. And that's a lie. That's a lie. So having realistic results, being
331 |330 |00:29:27 ~-~-> 00:29:32 |comfortable with it, being content with it, aiming for a very low hanging fruit.
332 |331 |00:29:32 ~-~-> 00:29:36 |Objective 2% if you're beginning, if you're not really consistent, aim for 2%
333 |332 |00:29:36 ~-~-> 00:29:43 |a week. I promise you, I promise you, you can make a lot of money if that's
334 |333 |00:29:43 ~-~-> 00:29:48 |all you ever do, and you intend to trade the rest of your life, 2% per week, does
335 |334 |00:29:48 ~-~-> 00:29:51 |wonders. Does wonders.
336 |335 |00:29:53 ~-~-> 00:29:58 |But see you think it needs to be hundreds of 1000s of dollars. You see
337 |336 |00:29:58 ~-~-> 00:30:02 |these people getting these payouts. And these funded account companies, how many
338 |337 |00:30:02 ~-~-> 00:30:07 |times did they have to reset and how many times they blow out? That's the
339 |338 |00:30:07 ~-~-> 00:30:12 |that's the stat I would love to see when they put up their payout. You know,
340 |339 |00:30:12 ~-~-> 00:30:17 |leaderboard says, Hey, this trader just took out $20,000 this trader just took a
341 |340 |00:30:17 ~-~-> 00:30:24 |payout of $50,000 here's how you make it really good. And it's encouragement, and
342 |341 |00:30:24 ~-~-> 00:30:27 |it reminds the people that are trying to pursue that type of trading say, okay,
343 |342 |00:30:27 ~-~-> 00:30:31 |look, this person failed this many times. This is how many times this
344 |343 |00:30:31 ~-~-> 00:30:35 |person tried to do a combine. This is how many times they got into a funded
345 |344 |00:30:35 ~-~-> 00:30:39 |account and then lost it. And now this is where they're at. This is how long it
346 |345 |00:30:39 ~-~-> 00:30:46 |took them then then you would be able to tap into some real data, some real
347 |346 |00:30:46 ~-~-> 00:30:50 |information that would really be helpful to you, because it isn't a flash in the
348 |347 |00:30:50 ~-~-> 00:30:57 |pan, overnight success. I know it wasn't for me, and I'm not saying that it can't
349 |348 |00:30:57 ~-~-> 00:31:01 |happen for someone. Lightning strikes. You know, they happen sometimes, but as
350 |349 |00:31:01 ~-~-> 00:31:06 |a realistic expectation that everybody should expect it for themselves. That's
351 |350 |00:31:06 ~-~-> 00:31:13 |not practical, and this isn't a popular talking point, but it's the very thing
352 |351 |00:31:13 ~-~-> 00:31:18 |that you need to be reminded of. I'm just going to drop the name here because
353 |352 |00:31:19 ~-~-> 00:31:26 |I think you know, if, if you listen to the person talking in the video that I'm
354 |353 |00:31:26 ~-~-> 00:31:32 |going to mention here in a second, put aside all the things about the person
355 |354 |00:31:32 ~-~-> 00:31:35 |and the personality and the things that they've said in the past, and how they
356 |355 |00:31:35 ~-~-> 00:31:40 |carry on and whatnot, because it's all, in my opinion, it's, it's performance
357 |356 |00:31:40 ~-~-> 00:31:44 |for entertainment purposes and to draw a crowd, which, you know, I'm good at
358 |357 |00:31:44 ~-~-> 00:31:50 |that. But when you listen to this person articulate the hardships that they're
359 |358 |00:31:50 ~-~-> 00:31:56 |going through, that's the very reason why I watch this person, because I'm
360 |359 |00:31:57 ~-~-> 00:32:01 |actively interested in seeing them overcome the very things that I'm
361 |360 |00:32:01 ~-~-> 00:32:04 |talking about, and this is the first time I talked about it with this person
362 |361 |00:32:04 ~-~-> 00:32:10 |in mind. I want this person to succeed. I want this person to grow. I want this
363 |362 |00:32:10 ~-~-> 00:32:16 |person to feel accomplished and overcome a lot of mental barriers and listen.
364 |363 |00:32:16 ~-~-> 00:32:20 |Just listen and take the good advice and run with it. You don't you don't you
365 |364 |00:32:20 ~-~-> 00:32:23 |don't even have to thank me. You don't have to go and say, I listen to you. And
366 |365 |00:32:23 ~-~-> 00:32:30 |it worked. Just listen and just do it. Okay? But Patrick Whelan, he posted a
367 |366 |00:32:30 ~-~-> 00:32:36 |video last night, and I watched it early this morning, and I I posted a response,
368 |367 |00:32:36 ~-~-> 00:32:39 |and it hasn't made its way to his comment section. And I noticed the other
369 |368 |00:32:39 ~-~-> 00:32:43 |day, I was in a chat window, and none of my posts were making it there, so
370 |369 |00:32:43 ~-~-> 00:32:47 |apparently I made my way on his band list, and I'm not sure why, but I've
371 |370 |00:32:47 ~-~-> 00:32:52 |always been encouraging to him. But he posted a video, and this is the very
372 |371 |00:32:52 ~-~-> 00:33:01 |type of video I like watching from him. Usually, he's very flamboyant, very much
373 |372 |00:33:01 ~-~-> 00:33:07 |of a braggart, and does a lot of talk, and it's great. It's at least he has a
374 |373 |00:33:07 ~-~-> 00:33:14 |lot of showmanship. But he admitted where he was in his position of being in
375 |374 |00:33:14 ~-~-> 00:33:21 |a funded account. He showed where he is financially, where, you know he had this
376 |375 |00:33:21 ~-~-> 00:33:25 |much, and this is where he's at. He's losing, he's losing, he's losing. And
377 |376 |00:33:25 ~-~-> 00:33:28 |I'm not encouraging you to go over there and talk any kind of smack. I'm not
378 |377 |00:33:28 ~-~-> 00:33:31 |telling you to go over there and troll him. I'm telling you that that's the
379 |378 |00:33:31 ~-~-> 00:33:37 |very thing that this industry needs, that type of stuff, where individuals
380 |379 |00:33:37 ~-~-> 00:33:42 |come out and say, Hey, this is hard. This is what I'm going through. This is
381 |380 |00:33:42 ~-~-> 00:33:46 |what I got to work through. And yeah, I can make a lot of money, but then I end
382 |381 |00:33:46 ~-~-> 00:33:50 |up losing it. And I don't know the answers yet. You do know the answers,
383 |382 |00:33:50 ~-~-> 00:33:55 |Patrick, but what you're doing is what social media, YouTuber, Twitter,
384 |383 |00:33:55 ~-~-> 00:34:02 |Instagram traders do is they're trying to be the biggest profitable person, the
385 |384 |00:34:02 ~-~-> 00:34:09 |biggest profitable the standout from a crowd, type person. And that's that's a
386 |385 |00:34:10 ~-~-> 00:34:16 |big Pitfall, because if you're always trying to be the gold medalist, unless
387 |386 |00:34:16 ~-~-> 00:34:21 |you're Michael Phelps, a freak of nature, you know, the chances of you
388 |387 |00:34:21 ~-~-> 00:34:24 |being like that consistently? I mean, look at he did a real good run of it,
389 |388 |00:34:24 ~-~-> 00:34:30 |but he's, did he do it again and again and again and again? No, it has a short
390 |389 |00:34:30 ~-~-> 00:34:36 |it has a short lifespan. It looks great when it happens. It feels great. And the
391 |390 |00:34:36 ~-~-> 00:34:40 |viewers that don't have experience, they think that, okay, you've done this, you
392 |391 |00:34:40 ~-~-> 00:34:47 |need to keep doing it this way. If you don't do it this way, then you're a
393 |392 |00:34:47 ~-~-> 00:34:53 |fraud, then you can't trade when it's the very factors that you're placing on
394 |393 |00:34:53 ~-~-> 00:34:59 |yourself that are unrealistic, trying to live up to other people's expectation.
395 |394 |00:34:59 ~-~-> 00:35:03 |You. You end up either trying to trade your PNL, which is you're trading your
396 |395 |00:35:03 ~-~-> 00:35:11 |profit and loss equity curve, which should never be done, but 90% of the
397 |396 |00:35:11 ~-~-> 00:35:16 |time, I'll just go out and say it's 99% of the time, especially with funded
398 |397 |00:35:16 ~-~-> 00:35:20 |account traders. You know, they freak out. They think that the losing trade,
399 |398 |00:35:20 ~-~-> 00:35:24 |it is took, or even if they hit maximum loss and they are forced to stop
400 |399 |00:35:24 ~-~-> 00:35:28 |trading, that's the beginning and the end. So you might as well just
401 |400 |00:35:28 ~-~-> 00:35:32 |recklessly trade the wrestling, the rest of it, and then start a brand new one.
402 |401 |00:35:32 ~-~-> 00:35:38 |You're still met with the same problem. You have to get to the funded state, you
403 |402 |00:35:38 ~-~-> 00:35:41 |have to get to a profitable state, and you have to be able to eventually
404 |403 |00:35:41 ~-~-> 00:35:46 |withdraw money, otherwise. Why are you doing it if you're not in this to trade
405 |404 |00:35:46 ~-~-> 00:35:50 |and make money, and it's irrelevant what other people think is an amount of money
406 |405 |00:35:50 ~-~-> 00:35:54 |that's significant or insignificant. It doesn't matter, because you're they're
407 |406 |00:35:54 ~-~-> 00:35:58 |not gonna you're not gonna give what you made in the market. You're not gonna
408 |407 |00:35:58 ~-~-> 00:36:03 |give that money to anyone. They're not gonna spend your money just the same way
409 |408 |00:36:03 ~-~-> 00:36:07 |you're not going to spend theirs, but you're all pocket watching. I got people
410 |409 |00:36:07 ~-~-> 00:36:10 |in the comment section saying, you know, why don't you show us your real setups?
411 |410 |00:36:10 ~-~-> 00:36:17 |I am. Why don't you do this live in front of us? I'm not going to do that
412 |411 |00:36:17 ~-~-> 00:36:24 |because I know many of you are reckless. You'll over leverage. You Won't you
413 |412 |00:36:24 ~-~-> 00:36:28 |won't have the wherewithal to hold the stop where I place it, because you over
414 |413 |00:36:28 ~-~-> 00:36:31 |leverage, you'll hurt yourself, and then you'll blame me, and I didn't do
415 |414 |00:36:31 ~-~-> 00:36:36 |anything to except for do what I'm doing right now, and or other people will do
416 |415 |00:36:36 ~-~-> 00:36:40 |it, get credit from having an amazing trade pan out, and they'll be able to
417 |416 |00:36:40 ~-~-> 00:36:44 |pretend that they can do what I'm doing, and they'll start mentorships and fleece
418 |417 |00:36:44 ~-~-> 00:36:50 |people and take them and take advantage of them. I don't need to do that. Just
419 |418 |00:36:50 ~-~-> 00:36:53 |watch what I do on the robin Scout next year. That's all I'm gonna say. Just
420 |419 |00:36:53 ~-~-> 00:36:56 |watch what I do next year. Okay, that's all you gotta worry about. You're gonna
421 |420 |00:36:56 ~-~-> 00:37:01 |have all the things to talk about next year, but having unrealistic
422 |421 |00:37:01 ~-~-> 00:37:07 |expectations of yourself, especially if you're an influencer or trying to be an
423 |422 |00:37:07 ~-~-> 00:37:12 |influencer or a YouTuber, the ones that I like are the ones that come out and
424 |423 |00:37:12 ~-~-> 00:37:16 |say, You know what? These are the hardships I went through, and this is
425 |424 |00:37:16 ~-~-> 00:37:18 |what I'm still wrestling with. You know what? That's someone to listen to,
426 |425 |00:37:20 ~-~-> 00:37:26 |that's someone to listen to, because they're not hiding that part. They don't
427 |426 |00:37:26 ~-~-> 00:37:35 |owe anything to you. They owe nothing to you. But they're being candid enough to
428 |427 |00:37:35 ~-~-> 00:37:42 |say, hey, look, you see this? You see that I got paid out from this company. I
429 |428 |00:37:43 ~-~-> 00:37:47 |took a withdrawal from my live account. That's not a prop fund account. It's my
430 |429 |00:37:47 ~-~-> 00:37:53 |actual trading. I showed you broker statements. I logged in and showed you
431 |430 |00:37:53 ~-~-> 00:37:59 |three months of my trading, win, loss, everything. You're not obligated. I'm
432 |431 |00:37:59 ~-~-> 00:38:03 |not obligated, rather, to share any of that none of these individuals on
433 |432 |00:38:03 ~-~-> 00:38:09 |YouTube or on social media are obliv obligated to show you anything but this
434 |433 |00:38:09 ~-~-> 00:38:14 |expectation, this unrealistic expectation that everybody needs to sit
435 |434 |00:38:14 ~-~-> 00:38:20 |down and prove to you who was no one, Tom Dick and Harry showing up from The
436 |435 |00:38:20 ~-~-> 00:38:24 |position of anonymity, you owe me a full explanation of everything. I don't owe
437 |436 |00:38:24 ~-~-> 00:38:30 |you shit, and neither does anybody else. And you coming up as a trader, you you
438 |437 |00:38:30 ~-~-> 00:38:37 |owe no one else anything. None of you are spending my money. None of you are
439 |438 |00:38:37 ~-~-> 00:38:40 |sleeping my house. You're not going to drive in my cars. You're not going to go
440 |439 |00:38:40 ~-~-> 00:38:43 |on vacations with me. I'm not going to have presence with your name under under
441 |440 |00:38:43 ~-~-> 00:38:47 |my fucking tree. Okay, none of those things are going to happen. But in this
442 |441 |00:38:47 ~-~-> 00:38:54 |world today, everybody expects everybody to give them stuff, information,
443 |442 |00:38:54 ~-~-> 00:39:01 |details, things that are not in any way, shape or form realistic to be expected
444 |443 |00:39:01 ~-~-> 00:39:03 |if I was running or if anyone else is running a signal service, then
445 |444 |00:39:03 ~-~-> 00:39:09 |absolutely you better have something. Show me what you're doing. Then that
446 |445 |00:39:09 ~-~-> 00:39:15 |makes sense. It makes perfect sense. But all of you are in a rush to be in a
447 |446 |00:39:15 ~-~-> 00:39:21 |position where other people are going to demand information from you, details
448 |447 |00:39:21 ~-~-> 00:39:25 |that you're not obligated to give. You're not obligated. You're absolutely
449 |448 |00:39:25 ~-~-> 00:39:31 |not obligated. But the mindset today is this is what it should be, and if you
450 |449 |00:39:31 ~-~-> 00:39:34 |don't want to dance to the beat of my drum, then you're a frog. Go fuck
451 |450 |00:39:34 ~-~-> 00:39:46 |yourself. Okay, go back here and second one, peer driven performance. Now I have
452 |451 |00:39:46 ~-~-> 00:39:50 |a lot to do with this, because when I show examples
453 |452 |00:39:51 ~-~-> 00:39:56 |other people, they're intimidated by that because they they don't trade that
454 |453 |00:39:56 ~-~-> 00:40:00 |way. They, many times, don't even use a stop loss, and you don't. Know where to
455 |454 |00:40:00 ~-~-> 00:40:03 |do a partial. They don't know where the market's going to go, and they're just
456 |455 |00:40:03 ~-~-> 00:40:09 |really just getting into a trade to find out what happens. And to me, that's, you
457 |456 |00:40:09 ~-~-> 00:40:13 |know, on a hope and a prayer type trading, they might be profitable,
458 |457 |00:40:14 ~-~-> 00:40:18 |because honestly, you can flip a quarter and trade heads and tails. And if you
459 |458 |00:40:18 ~-~-> 00:40:22 |got really, really good risk management, and you risk very little. You can make
460 |459 |00:40:22 ~-~-> 00:40:27 |money. I wouldn't sleep at night, trading like that, but you can make
461 |460 |00:40:27 ~-~-> 00:40:39 |money. So if, if you feel like you are another person on social media, and you
462 |461 |00:40:39 ~-~-> 00:40:45 |feel like because my community, or maybe it's some of the things I say. If you
463 |462 |00:40:45 ~-~-> 00:40:51 |listen to what I'm saying, I attack retail theology because it's flawed. It
464 |463 |00:40:51 ~-~-> 00:40:54 |really is. I don't care what you're going to say about it in response,
465 |464 |00:40:54 ~-~-> 00:40:57 |you're making money because you're a good risk manager, not because of white
466 |465 |00:40:57 ~-~-> 00:41:00 |golf, not because of supply and demand, not because of Elliott Wave. You're
467 |466 |00:41:00 ~-~-> 00:41:07 |making money because of good risk management. That's all because none of
468 |467 |00:41:07 ~-~-> 00:41:11 |that stuff makes the market go up or down, buying and selling pressure, depth
469 |468 |00:41:11 ~-~-> 00:41:17 |of market, Dom, market profile, all of that is horseshit. It's bullshit. But I
470 |469 |00:41:17 ~-~-> 00:41:21 |know people. I know personally, people that make lots of money, and they
471 |470 |00:41:21 ~-~-> 00:41:28 |attribute their success to that, but that stuff is in alignment when they're
472 |471 |00:41:28 ~-~-> 00:41:32 |profitable with the things that I teach, which is the reality of the marketplace.
473 |472 |00:41:32 ~-~-> 00:41:35 |The market's going to seek yield. It's going to run for inefficiency, for the
474 |473 |00:41:35 ~-~-> 00:41:39 |purposes of making that market efficiently delivered. That's a fair
475 |474 |00:41:39 ~-~-> 00:41:43 |value gap, in other words, or it's going to run for liquidity. That's it. That's
476 |475 |00:41:43 ~-~-> 00:41:47 |all that's happening. And when it's not doing that, it's going to consolidate.
477 |476 |00:41:48 ~-~-> 00:41:52 |That's it. There are going to be times when the market has a manual
478 |477 |00:41:52 ~-~-> 00:41:58 |intervention, when you're going to see that interest rates, employment data, an
479 |478 |00:41:58 ~-~-> 00:42:04 |unexpected geopolitical event, something wartime, something you know, something
480 |479 |00:42:04 ~-~-> 00:42:09 |completely unexpected, and they'll go in, they'll do something where any one
481 |480 |00:42:09 ~-~-> 00:42:12 |of us could lose money, and there's nothing that can be done to save you
482 |481 |00:42:12 ~-~-> 00:42:18 |from that. That's the underlying inherent risks, the trading. And most of
483 |482 |00:42:18 ~-~-> 00:42:23 |you are unaware that those types of things are gonna happen, and you have to
484 |483 |00:42:23 ~-~-> 00:42:26 |be aware of that. So when you're trading your account and you're trying to use
485 |484 |00:42:26 ~-~-> 00:42:33 |the maximum leverage, okay, you're doing that with the expectation that you're
486 |485 |00:42:33 ~-~-> 00:42:39 |gonna have the best outcome. When I'm telling you as a trader, especially for
487 |486 |00:42:39 ~-~-> 00:42:45 |folks that have not yet found consistency or profitability, that's the
488 |487 |00:42:45 ~-~-> 00:42:50 |worst thing to do. That's the worst thing to do just because top step, or
489 |488 |00:42:50 ~-~-> 00:42:53 |any other company out there says you can trade with this number of contracts,
490 |489 |00:42:53 ~-~-> 00:43:00 |that's not what a professionally minded trader will do. It's an IQ test. It's
491 |490 |00:43:00 ~-~-> 00:43:04 |available. You can do that just like your acceleration pedal on your car
492 |491 |00:43:04 ~-~-> 00:43:07 |says, yeah, it can be pressed all the way to the floor, if you hold it there
493 |492 |00:43:07 ~-~-> 00:43:10 |long enough, your car will go as fast as it will go until it can't go further
494 |493 |00:43:11 ~-~-> 00:43:18 |forward by accident, by a lane change that is not accessible, and you're going
495 |494 |00:43:18 ~-~-> 00:43:25 |to hit a brick wall or something, just because it can go fast, just because you
496 |495 |00:43:25 ~-~-> 00:43:30 |can go, you know, zero to 60 in a couple seconds, doesn't mean that you on the
497 |496 |00:43:30 ~-~-> 00:43:36 |road. You're trading. You're trading that you're traveling on should be done
498 |497 |00:43:36 ~-~-> 00:43:40 |in your neighborhood, with your neighbors, with small children out there
499 |498 |00:43:40 ~-~-> 00:43:45 |playing on their bicycles just because your car can go zero to 60 in 2.3
500 |499 |00:43:45 ~-~-> 00:43:51 |seconds. Is that efficiently done? Safely done? Is it the right thing to do
501 |500 |00:43:51 ~-~-> 00:43:54 |in front of your house when those children of your neighbors or your
502 |501 |00:43:54 ~-~-> 00:43:58 |children are out front doing it? No, of course not. That's poor risk management.
503 |502 |00:44:00 ~-~-> 00:44:04 |But there are people that do those types of things, and they get away with it,
504 |503 |00:44:04 ~-~-> 00:44:08 |and they get a high off of that, and they take that same mindset and they
505 |504 |00:44:08 ~-~-> 00:44:12 |apply it to their trading. And you see that thing happening, that that state of
506 |505 |00:44:12 ~-~-> 00:44:18 |mind, that that peer driven performance, people that have little dick energy will
507 |506 |00:44:18 ~-~-> 00:44:21 |go out there and say, Oh yeah, this guy over here doesn't know to trade. I'm
508 |507 |00:44:21 ~-~-> 00:44:26 |going to be in a competition with them, really not in a competition, but we're
509 |508 |00:44:26 ~-~-> 00:44:31 |going to compete my results against theirs. That's one of the worst things
510 |509 |00:44:31 ~-~-> 00:44:35 |you can do, because all you have to do is sit back and watch them. They hurt
511 |510 |00:44:35 ~-~-> 00:44:39 |themselves. Why? Because it's peer driven performance. That's not how they
512 |511 |00:44:39 ~-~-> 00:44:44 |would really trade. That's not how they would trade, and you shouldn't trade
513 |512 |00:44:44 ~-~-> 00:44:51 |that way. And social media and peer driven performance trying to measure up
514 |513 |00:44:51 ~-~-> 00:44:55 |against the next guy. Oh, this is, oh, it's demo. I'm gonna, I'm gonna try to
515 |514 |00:44:55 ~-~-> 00:44:59 |do it with a real account, and I'm gonna try to maximize this and really trade
516 |515 |00:44:59 ~-~-> 00:45:04 |unlike i. Normally would, and then wreck yourself in front of everybody and do do
517 |516 |00:45:04 ~-~-> 00:45:11 |so much damage to your own brand. That's that's a poor decision. That's poor
518 |517 |00:45:11 ~-~-> 00:45:17 |decision. Those things should not be done just because I can sit there all
519 |518 |00:45:17 ~-~-> 00:45:21 |day long and buy and sell all down, up, down, up down all day long in any given
520 |519 |00:45:21 ~-~-> 00:45:25 |market. Doesn't mean that I'm going to need to do it. I don't. I can sleep at
521 |520 |00:45:25 ~-~-> 00:45:29 |night knowing that I don't have to do that every single day. For you, I'm
522 |521 |00:45:29 ~-~-> 00:45:34 |content with not having to do tardy tricks. Okay? I don't need to perform
523 |522 |00:45:34 ~-~-> 00:45:39 |for you. I do it because I want to do it. I do it. I have done it in the past
524 |523 |00:45:39 ~-~-> 00:45:45 |to throw my nose at people that say this stuff doesn't work, but never be sucked
525 |524 |00:45:45 ~-~-> 00:45:50 |into this peer driven performance. And many social media YouTuber traders get
526 |525 |00:45:50 ~-~-> 00:45:56 |tied up in all that stuff. I've been steady Eddie going forward, and I just
527 |526 |00:45:56 ~-~-> 00:46:04 |looked at the following on the YouTube channel, and I got under 25,000 under
528 |527 |00:46:04 ~-~-> 00:46:09 |24,000 more, and at the million mark. So thank you very, very much for that, by
529 |528 |00:46:09 ~-~-> 00:46:13 |the way. And it's very intimidating to know that that many people are listening
530 |529 |00:46:13 ~-~-> 00:46:17 |to me, maybe not at one time, but that's a lot of people. You ever think about
531 |530 |00:46:17 ~-~-> 00:46:23 |that? A million people listening to a kid from Middle River, Maryland. That's
532 |531 |00:46:23 ~-~-> 00:46:30 |weird. But anyway, one of the other factors is, obviously you want to, you
533 |532 |00:46:30 ~-~-> 00:46:35 |want to trade to be an influence on social media, maybe not necessarily, be
534 |533 |00:46:35 ~-~-> 00:46:40 |in competition with other influencers, but you want to rise to the occasion as
535 |534 |00:46:40 ~-~-> 00:46:46 |a social media influencer, that's a pitfall, because, again, you're trying
536 |535 |00:46:46 ~-~-> 00:46:52 |to trade for notoriety and for the sake of being a celebrity versus I'm trying
537 |536 |00:46:52 ~-~-> 00:46:57 |to trade so I can make money. I'm trying to trade so I don't have to go back to
538 |537 |00:46:57 ~-~-> 00:47:03 |having to have a job. I'm trying to leave a employment that may be very
539 |538 |00:47:04 ~-~-> 00:47:07 |beneficial to me and my family may help. They may offer all kinds of insurances.
540 |539 |00:47:07 ~-~-> 00:47:10 |They may offer all kinds of benefits. But guess what? If you can trade
541 |540 |00:47:10 ~-~-> 00:47:14 |profitably, you can afford those things too. And it's a tax writer for you. See,
542 |541 |00:47:14 ~-~-> 00:47:19 |it's a tax write off for your employer to give that to you when you're in, when
543 |542 |00:47:19 ~-~-> 00:47:24 |you're self employed, you can create all these other income streams, whereas a
544 |543 |00:47:24 ~-~-> 00:47:28 |lot of things, like writing off a lot of specific things, trading in itself,
545 |544 |00:47:28 ~-~-> 00:47:32 |can't do that. It's not legal to do that. It's not like you can't write off
546 |545 |00:47:32 ~-~-> 00:47:35 |your commissions. You can't write off commissions. It's something you just
547 |546 |00:47:35 ~-~-> 00:47:44 |can't deduct that. Well, if you create a secondary entertainment, an educational
548 |547 |00:47:44 ~-~-> 00:47:50 |type thing, or a vlog where you just basically share your life and experience
549 |548 |00:47:50 ~-~-> 00:47:56 |as a trader. Well, guess what? Everything you do now you can go out to
550 |549 |00:47:56 ~-~-> 00:48:00 |eat, 50% of everything you spend on food is a write off, unless you do catering,
551 |550 |00:48:00 ~-~-> 00:48:07 |which is 100% right off. You can go and show your homes, you can show your cars,
552 |551 |00:48:08 ~-~-> 00:48:15 |your boats, your ATVs, your travel expenses are 100% right off. When I go
553 |552 |00:48:15 ~-~-> 00:48:21 |and I travel, I stay at the nicest place all the time, and I if they have hotels
554 |553 |00:48:21 ~-~-> 00:48:26 |that have the restaurants I want to be in those highest end restaurants. And I
555 |554 |00:48:26 ~-~-> 00:48:32 |don't care about what it costs. I don't care about tipping lavishly, because all
556 |555 |00:48:32 ~-~-> 00:48:36 |of that's going to lower my taxable income that's coming through that
557 |556 |00:48:36 ~-~-> 00:48:41 |secondary income stream. So all these things I get paid to drive my Corvettes
558 |557 |00:48:42 ~-~-> 00:48:46 |that I own. I don't rent them. I don't lease them, okay, my 2019 I started as a
559 |558 |00:48:46 ~-~-> 00:48:50 |company lease. I paid 13 hours a month for it. When the lease was finished, I
560 |559 |00:48:50 ~-~-> 00:48:54 |bought it outright. I still have it. If you want to see it, I'll take it for a
561 |560 |00:48:54 ~-~-> 00:49:02 |ride. But I own all my cars, okay? But I maximized the writing off of it and then
562 |561 |00:49:02 ~-~-> 00:49:08 |for the car, like the 2021 i depreciate it, the RV that I paid almost $300,000
563 |562 |00:49:09 ~-~-> 00:49:14 |for, I'm in depreciation on that. I show it. It's part of my lifestyle when I'm
564 |563 |00:49:14 ~-~-> 00:49:19 |out gallivanting around in it, and I'm making videos, I'm working from it. So
565 |564 |00:49:19 ~-~-> 00:49:24 |I'm paid to have that vehicle. Whereas, if you out and you working at a good
566 |565 |00:49:24 ~-~-> 00:49:29 |career job, and you're doing all this wonderful stuff, and even if you do very
567 |566 |00:49:29 ~-~-> 00:49:33 |well, you can't write off those types of things. When you buy a car, you are
568 |567 |00:49:33 ~-~-> 00:49:38 |eating it. When you put gas in your car, you're eating it. That's a write off for
569 |568 |00:49:38 ~-~-> 00:49:41 |me. Why? Because I have a social media presence.
570 |569 |00:49:43 ~-~-> 00:49:46 |See the difference? Why do I do this? Because I'm financially literate. You
571 |570 |00:49:46 ~-~-> 00:49:49 |dumb fucks. The people that sit on the sidelines talking, oh, why is he? Have a
572 |571 |00:49:49 ~-~-> 00:49:55 |YouTube to be so profitable? Because the tax treatment in this you can't do that
573 |572 |00:49:55 ~-~-> 00:49:59 |with your trading. It doesn't matter how much money you make. You're fucking
574 |573 |00:49:59 ~-~-> 00:50:03 |stupid. Get a book man, the bottom line is there's a different way of living
575 |574 |00:50:03 ~-~-> 00:50:07 |when you're financially illiterate. Everything that people do that you don't
576 |575 |00:50:07 ~-~-> 00:50:11 |understand because you're fucking broke. You're critiquing other people, not just
577 |576 |00:50:11 ~-~-> 00:50:16 |me, anyone else. You're You're literally broke. You have no idea what you're
578 |577 |00:50:16 ~-~-> 00:50:21 |talking about. You're not have you have any capacity to understand the benefits
579 |578 |00:50:21 ~-~-> 00:50:26 |of being an entrepreneur. Outside of trading, there's so many benefits that
580 |579 |00:50:26 ~-~-> 00:50:32 |this industry can provide for you. If you learn how to trade, you don't have
581 |580 |00:50:32 ~-~-> 00:50:37 |to be making lots of money trading. Just got to know how to trade and be
582 |581 |00:50:37 ~-~-> 00:50:41 |profitable if it replaces your job. Well, guess what? Then you can be in a
583 |582 |00:50:41 ~-~-> 00:50:46 |position to be in social media and let that income stream provide and it could
584 |583 |00:50:46 ~-~-> 00:50:51 |be very, very profitable, very profitable. I've said this very
585 |584 |00:50:51 ~-~-> 00:50:57 |candidly. I've made millions, millions and millions and millions more as an
586 |585 |00:50:57 ~-~-> 00:51:03 |educator than I did as a trader, because look how many people follow me. Think
587 |586 |00:51:03 ~-~-> 00:51:07 |about that. Do the math. You're mathematically challenged. If you can't
588 |587 |00:51:07 ~-~-> 00:51:12 |see that. I haven't taken millions of trades in my lifetime. I haven't done
589 |588 |00:51:12 ~-~-> 00:51:18 |that. I haven't taken millions of trades. Do the fucking math here, folks,
590 |589 |00:51:18 ~-~-> 00:51:23 |you're you're learning a skill set that opens the doors to so many other
591 |590 |00:51:23 ~-~-> 00:51:29 |possible income streams and benefits by doing those very things, for someone to
592 |591 |00:51:29 ~-~-> 00:51:33 |sit on the sidelines say, Oh, if he's so rich. But I was rich before I did all
593 |592 |00:51:33 ~-~-> 00:51:39 |that stuff, but now, when an accountant sits down, hey, you know, if you do
594 |593 |00:51:39 ~-~-> 00:51:46 |this, you can reduce your taxable income. Okay, so what if I do this,
595 |594 |00:51:46 ~-~-> 00:51:51 |this, and this, this, this, yeah, you end up paying $25,000 a year in taxes.
596 |595 |00:51:52 ~-~-> 00:52:01 |What? Yeah, $25,000 for federal and something for Maryland. But your income
597 |596 |00:52:01 ~-~-> 00:52:06 |is $500,000 you can't do that with your fucking jobs, man. You can go to college
598 |597 |00:52:06 ~-~-> 00:52:10 |all you want. You'll never do that with your college education jobs. You'll
599 |598 |00:52:10 ~-~-> 00:52:16 |never do it, and it's absolutely 100 fucking percent legal. It's not tax
600 |599 |00:52:16 ~-~-> 00:52:22 |evasion, it's the proper use of the tax code, and it is what it is, and people
601 |600 |00:52:22 ~-~-> 00:52:27 |are gonna hate you because you're gonna live a better lifestyle than them, and
602 |601 |00:52:27 ~-~-> 00:52:31 |you're gonna pay less taxes than them, and they're going to work next fucking
603 |602 |00:52:31 ~-~-> 00:52:40 |Monday, all from what you're learning to do in these markets. So yeah, you
604 |603 |00:52:40 ~-~-> 00:52:45 |should, if you have the aspiration to to have another income stream, you should
605 |604 |00:52:45 ~-~-> 00:52:50 |tap into social media. You should do those things, but it shouldn't be the
606 |605 |00:52:50 ~-~-> 00:52:55 |driving force behind it. You need to know how to do this well, trading,
607 |606 |00:52:55 ~-~-> 00:52:59 |learning how to trade. Well, that's how you fortify this. Because guess what you
608 |607 |00:52:59 ~-~-> 00:53:05 |can do with this? You can do a signal service if you're inclined to do that,
609 |608 |00:53:05 ~-~-> 00:53:10 |and that is extremely profitable. I did a social media experiment on Twitter
610 |609 |00:53:10 ~-~-> 00:53:15 |before I left it, I said, knowing what I do and seeing how I trade. If I was able
611 |610 |00:53:15 ~-~-> 00:53:19 |to show this to you in a live setting, you're a part of community, but I'm
612 |611 |00:53:19 ~-~-> 00:53:23 |going to charge you $500 a month. I'm not doing this, folks. I'm just saying,
613 |612 |00:53:23 ~-~-> 00:53:31 |I'm just saying, This is what it's like. I had 1000s of people in this first day.
614 |613 |00:53:31 ~-~-> 00:53:35 |I don't know what the tweeter, the tweet is now, where people were like, Yeah, I
615 |614 |00:53:35 ~-~-> 00:53:37 |want to sign up. I still get emails every day. I wish I wouldn't have done
616 |615 |00:53:37 ~-~-> 00:53:41 |it now. But people like, hey, I want to sign up to your signals here. I don't
617 |616 |00:53:41 ~-~-> 00:53:44 |have a signal service. I'm not on Instagram. There's people over there
618 |617 |00:53:44 ~-~-> 00:53:47 |claiming they have the official Instagram account of me. No, I did open
619 |618 |00:53:47 ~-~-> 00:53:51 |an account. It was hacked. And I said, Fuck them. I'm not gonna go back on air
620 |619 |00:53:51 ~-~-> 00:53:55 |again if they're gonna, if they're gonna let that happen. And I'm not worried
621 |620 |00:53:55 ~-~-> 00:53:58 |about I don't need to be on Instagram. I'm right here. This is my social media
622 |621 |00:53:58 ~-~-> 00:54:04 |presence, right here, YouTube. I can talk through you. I'll talk to you
623 |622 |00:54:04 ~-~-> 00:54:08 |through the community posts, and I can do live streams. Okay, it's the same
624 |623 |00:54:08 ~-~-> 00:54:12 |thing I was doing over at Twitter. Nothing is so time sensitive that you
625 |624 |00:54:12 ~-~-> 00:54:18 |need to have the right away tweet like it was over there. But social media can
626 |625 |00:54:18 ~-~-> 00:54:23 |be an income stream that you can maximize, and you get the tax benefits
627 |626 |00:54:23 ~-~-> 00:54:27 |that you can't get as a trader, you can make lots and lots and lots of money
628 |627 |00:54:27 ~-~-> 00:54:33 |trading, yes, but you can't write your boat off. You can't write your cars off,
629 |628 |00:54:33 ~-~-> 00:54:36 |you can't write your food off. You can't do all those types of things. But if you
630 |629 |00:54:36 ~-~-> 00:54:41 |have a secondary income stream where your presence online, and it could be a
631 |630 |00:54:41 ~-~-> 00:54:46 |very subtle where you're not even that active. You just share things. You're
632 |631 |00:54:46 ~-~-> 00:54:49 |not actually teaching anything. Say, here's a trade I took. Okay, if you have
633 |632 |00:54:49 ~-~-> 00:54:54 |a following the purpose of you showing what your lifestyle is like, as soon as
634 |633 |00:54:54 ~-~-> 00:54:58 |you start showing your personal things that becomes part of your image, your
635 |634 |00:54:58 ~-~-> 00:55:04 |clothing, your how. Housing, all those things, your your utilities, part of
636 |635 |00:55:04 ~-~-> 00:55:08 |that becomes an expense that you can write off your home office, they give
637 |636 |00:55:08 ~-~-> 00:55:11 |you a percentage that you can write and obviously I can't write off my whole
638 |637 |00:55:11 ~-~-> 00:55:18 |home but there's a square footage that my accountant works out where this is
639 |638 |00:55:18 ~-~-> 00:55:23 |what we say, that you can write off as part of a deduction, and you work
640 |639 |00:55:23 ~-~-> 00:55:28 |towards all these types of things all year long, and everything I spend is
641 |640 |00:55:28 ~-~-> 00:55:33 |maximized, and if I can't write it off, generally, I won't buy it. I won't spend
642 |641 |00:55:33 ~-~-> 00:55:38 |money on it. See that that's financial literacy. Just because I have a lot of
643 |642 |00:55:38 ~-~-> 00:55:41 |fucking money doesn't mean I go out there and blow it like some stupid ass,
644 |643 |00:55:42 ~-~-> 00:55:49 |buying up stuff, spending money just as you can is stupidity. But when you spend
645 |644 |00:55:49 ~-~-> 00:55:53 |your money to be paid using the very things that you're buying or and
646 |645 |00:55:54 ~-~-> 00:56:01 |spending your money on, you look at how many cars I have. Well, you're not
647 |646 |00:56:01 ~-~-> 00:56:06 |showing any Lamborghinis. You're not showing any McLarens. I can't drive
648 |647 |00:56:06 ~-~-> 00:56:12 |those cars in these streets up here, because it'll beat them to death. Two. I
649 |648 |00:56:12 ~-~-> 00:56:16 |already worry with the Corvettes that I have because I don't want to get out of
650 |649 |00:56:16 ~-~-> 00:56:19 |them and leave them, because people in the world are assholes, because they'll
651 |650 |00:56:19 ~-~-> 00:56:24 |come down to Nokia. I've had it happen before. I would not feel comfortable
652 |651 |00:56:24 ~-~-> 00:56:30 |leaving a McLaren anywhere. It just wouldn't happen. So you know this is
653 |652 |00:56:30 ~-~-> 00:56:33 |these are opinions from people that are broke. They probably don't even have a
654 |653 |00:56:33 ~-~-> 00:56:37 |fucking car to run around on a fucking bicycle. They stole two blocks from
655 |654 |00:56:37 ~-~-> 00:56:42 |fucking where you live at these mindsets are flawed thinking. They're toxic
656 |655 |00:56:42 ~-~-> 00:56:47 |thinking. And when you do get on a social media, even if you can trade,
657 |656 |00:56:47 ~-~-> 00:56:51 |well, even if you do open up your trading platform, you log in with the
658 |657 |00:56:51 ~-~-> 00:56:55 |password, and you go through day by day statements. They're gonna say that you
659 |658 |00:56:55 ~-~-> 00:56:58 |never showed live trading. They're gonna say you don't make money. They're gonna
660 |659 |00:56:58 ~-~-> 00:57:03 |say that it's all fake. These people are fucking idiots, but you're gonna dance
661 |660 |00:57:03 ~-~-> 00:57:11 |to their drum beat. I don't, I don't. I pull strings and I make them dance. I
662 |661 |00:57:11 ~-~-> 00:57:16 |make them watch themselves break their own brand in front of everybody, all
663 |662 |00:57:16 ~-~-> 00:57:20 |with the intent that they're gonna try to destroy the downfall of ICT. This is
664 |663 |00:57:20 ~-~-> 00:57:27 |a fucking amazing downfall. I'm rolling uphill without any effort. See, see what
665 |664 |00:57:27 ~-~-> 00:57:31 |happens when you know what you're doing and you're out here trying to help other
666 |665 |00:57:31 ~-~-> 00:57:36 |people. You can't beat that, you can't beat that, you can't defeat it. You can
667 |666 |00:57:36 ~-~-> 00:57:42 |talk all the stuff that you want, but it never can beat it. It can't be
668 |667 |00:57:42 ~-~-> 00:57:45 |diminished. It can't be tarnished. They can Photoshop. They can make all the
669 |668 |00:57:45 ~-~-> 00:57:52 |bullshit up they want. Okay, you see me live in a fucking shack? No, nope. You
670 |669 |00:57:52 ~-~-> 00:57:57 |see me unable to show you executions every fucking day, every single day, I'm
671 |670 |00:57:57 ~-~-> 00:58:02 |laying them out there, just twisting the knife, just twisting it ever so slowly.
672 |671 |00:58:02 ~-~-> 00:58:09 |ICT, I have fun with social media, but most of you don't have the the thick
673 |672 |00:58:09 ~-~-> 00:58:15 |skin that I have. I can take a lot of stuff, many you can't, and you'll be
674 |673 |00:58:15 ~-~-> 00:58:20 |tore up from it, and it'll influence your trading decisions. And then you'll
675 |674 |00:58:20 ~-~-> 00:58:25 |wrestle with trading where you've never had that problem before, when it was
676 |675 |00:58:25 ~-~-> 00:58:31 |private, when it was just you and your trading statements, what you did in the
677 |676 |00:58:31 ~-~-> 00:58:36 |privacy of your own decision making, those types of things you want to you
678 |677 |00:58:36 ~-~-> 00:58:39 |want to hold on to that moment in your trading as long as you possibly can,
679 |678 |00:58:39 ~-~-> 00:58:43 |even if you want to be in social media eventually, because you want to be able
680 |679 |00:58:43 ~-~-> 00:58:51 |to lean on that, that is a very strong Fortress of Solitude knowing that you
681 |680 |00:58:51 ~-~-> 00:58:54 |don't have to be in social media. I don't need to be in social media. I
682 |681 |00:58:55 ~-~-> 00:58:58 |stepped away from Twitter like I said I would, but I said I would be here. I
683 |682 |00:59:03 ~-~-> 00:59:07 |uh, some of you don't like that. Some of you, when we go back over to Twitter,
684 |683 |00:59:07 ~-~-> 00:59:13 |I'm not going back over to Twitter, but everything that you do should be driven
685 |684 |00:59:13 ~-~-> 00:59:18 |with the mindset that you are focused primarily on keeping your trading
686 |685 |00:59:18 ~-~-> 00:59:24 |excellent, your efficiency, your execution and entry, your stock
687 |686 |00:59:24 ~-~-> 00:59:27 |placement, your trade management. You're not over leveraging. You're not trying
688 |687 |00:59:27 ~-~-> 00:59:32 |to do the maximum outcome, and you're worried about capital preservation.
689 |688 |00:59:32 ~-~-> 00:59:37 |Number one, first and foremost, is you're not trying to risk money
690 |689 |00:59:37 ~-~-> 00:59:41 |needlessly for the sake of being in there and seeing what happens, because
691 |690 |00:59:41 ~-~-> 00:59:44 |I'm going to save you some money and time and heartache. Here's what's going
692 |691 |00:59:44 ~-~-> 00:59:48 |to happen. You're going to lose your ass, and that one trade is going to
693 |692 |00:59:48 ~-~-> 00:59:51 |cause you to go into a tailspin, and you're going to blow your account trying
694 |693 |00:59:51 ~-~-> 00:59:56 |to rush to get it back. It happens all the time. Just, just don't do it,
695 |694 |00:59:56 ~-~-> 01:00:06 |period, and find. Lean lead dog pitfall. Everybody wants to be the lead dog.
696 |695 |01:00:06 ~-~-> 01:00:09 |Everybody on every on Twitter right now is clamoring to be the person everyone
697 |696 |01:00:09 ~-~-> 01:00:14 |wants to talk about. It's silly, isn't it? And I'm not even over there anymore,
698 |697 |01:00:14 ~-~-> 01:00:20 |and they're still bringing my name up. Here's the problem with this. Okay, if
699 |698 |01:00:20 ~-~-> 01:00:27 |you don't have the re the real skill to be lead dog, you're going to be the one
700 |699 |01:00:27 ~-~-> 01:00:31 |that tries to pretend to be lead dog. But guess what? Lead dog is the first
701 |700 |01:00:31 ~-~-> 01:00:38 |one that falls into this, the pit, the snare, runs into the obstacle that needs
702 |701 |01:00:38 ~-~-> 01:00:43 |to determine what's the next pathway, because you have a large following
703 |702 |01:00:43 ~-~-> 01:00:47 |behind you, or you trying to build one, and you got to know where you're going.
704 |703 |01:00:48 ~-~-> 01:00:52 |And most people out there pretending to be lead dog, they love having their
705 |704 |01:00:52 ~-~-> 01:00:57 |asses sniffed, but they have no idea where they're going. They have no idea
706 |705 |01:00:57 ~-~-> 01:01:03 |where they're going. So don't try. I don't try to be lead dog. I don't try to
707 |706 |01:01:03 ~-~-> 01:01:09 |be lead dog. I just I'm me. And when I see bullshit, I'm going to call it
708 |707 |01:01:09 ~-~-> 01:01:13 |bullshit. I'm going to tell you what works and what doesn't work for me. And
709 |708 |01:01:13 ~-~-> 01:01:18 |if I say I like something, I don't like something, don't be so close minded.
710 |709 |01:01:18 ~-~-> 01:01:21 |Say, well, ICC said he doesn't like it, so therefore I'm gonna think like him.
711 |710 |01:01:21 ~-~-> 01:01:27 |That's the stupidest thing in the world to do. That is called like be critical.
712 |711 |01:01:27 ~-~-> 01:01:32 |If I say I don't like something, well, if it doesn't bother you, then just
713 |712 |01:01:32 ~-~-> 01:01:36 |dismiss it. Who cares? That's your opinion. It's wonderful. I didn't ask
714 |713 |01:01:36 ~-~-> 01:01:41 |for it, but okay, we heard you. But if I say I don't like something, and this is
715 |714 |01:01:41 ~-~-> 01:01:45 |the reason why I don't like it. Don't subscribe to that viewpoint, just simply
716 |715 |01:01:45 ~-~-> 01:01:50 |because I said that I made those mistakes as a martial artist, as a young
717 |716 |01:01:50 ~-~-> 01:01:57 |man, as a child, listening to martial arts, I like I looked up to and they
718 |717 |01:01:57 ~-~-> 01:02:01 |would say certain things. I'm like, Okay, I'm gonna think like you. And then
719 |718 |01:02:01 ~-~-> 01:02:06 |I found out that I couldn't hold that opinion of what they had and when I,
720 |719 |01:02:06 ~-~-> 01:02:11 |when I first started trading and learning how to trade, everybody I read
721 |720 |01:02:11 ~-~-> 01:02:15 |a book of, you know, I hung on every word that they wrote or said. Larry
722 |721 |01:02:15 ~-~-> 01:02:19 |Williams was the one that I basically, I'm gonna be honest with you. You know,
723 |722 |01:02:19 ~-~-> 01:02:24 |when I read his, how many million dollar trading commodities last year, and
724 |723 |01:02:24 ~-~-> 01:02:28 |listened to those first four VHS, I was convinced that this guy was a
725 |724 |01:02:28 ~-~-> 01:02:32 |billionaire. I'm not a billionaire, and some of you think I pull fucking
726 |725 |01:02:32 ~-~-> 01:02:39 |trillions of dollars at my ass all the time. I'm not. The facts are you need to
727 |726 |01:02:39 ~-~-> 01:02:45 |be an independent thinker, and you might have heroes. You might have people you
728 |727 |01:02:45 ~-~-> 01:02:50 |look up to but never meet them, because the the pedestal you put them on,
729 |728 |01:02:51 ~-~-> 01:02:55 |they're undeserving of it. I'm undeserving of what many of you think of
730 |729 |01:02:55 ~-~-> 01:03:00 |me. I am a sinning, foul mouth person that wrestles with mental illness. Do
731 |730 |01:03:02 ~-~-> 01:03:07 |you want to learn from me? See how hard of a sell that is? So I had to make
732 |731 |01:03:07 ~-~-> 01:03:13 |videos, edit out those character flaws in me, so that way you could get past
733 |732 |01:03:13 ~-~-> 01:03:17 |that, to see that this is what you should focus on while learning how to
734 |733 |01:03:17 ~-~-> 01:03:20 |trade. I've been there. I've hurt myself, I've made lots of money and I've
735 |734 |01:03:20 ~-~-> 01:03:24 |lost lots of money. So you tell me, do you want to make the same fucking
736 |735 |01:03:24 ~-~-> 01:03:27 |mistakes that I've done when you can avoid it? Here's what you can avoid
737 |736 |01:03:28 ~-~-> 01:03:33 |doing. Don't do this, don't do that, do these things. This is what helped me.
738 |737 |01:03:33 ~-~-> 01:03:36 |And I have students that are making money because they listen to this
739 |738 |01:03:36 ~-~-> 01:03:43 |information. They follow it. Where's the, where's the the faulty in that
740 |739 |01:03:43 ~-~-> 01:03:49 |there's no, there's no faulty logic in it. It's based on real experience. It's
741 |740 |01:03:49 ~-~-> 01:03:56 |based on an unadulterated, completely candid, I did my own ass in trading
742 |741 |01:03:56 ~-~-> 01:04:03 |other stupid shit that has no bearing on why price is going to go up or down. So
743 |742 |01:04:03 ~-~-> 01:04:09 |my whole life was, how do I fortify those weak points in the fear, the
744 |743 |01:04:09 ~-~-> 01:04:15 |triggering moments of what did I fear most about trading, not knowing how to
745 |744 |01:04:15 ~-~-> 01:04:21 |get in. I have so many ways to get into a trade now, it's unrealistic for you to
746 |745 |01:04:21 ~-~-> 01:04:25 |have to have that many ways to get in, but I that was a real thing for me. I
747 |746 |01:04:25 ~-~-> 01:04:33 |was a phobia. I don't hide my mental illness. I don't hide it from you. When
748 |747 |01:04:33 ~-~-> 01:04:38 |I was on baby pips, I was trying to hide it. I was trying very, very hard to hide
749 |748 |01:04:38 ~-~-> 01:04:44 |it, because I was afraid of it being used against me, and people still do.
750 |749 |01:04:45 ~-~-> 01:04:51 |But you know, I can't change it. I can't fix it, so I have to wrestle with it and
751 |750 |01:04:51 ~-~-> 01:04:55 |live with it. I'm a real person, just like you are. I have real things going
752 |751 |01:04:55 ~-~-> 01:04:58 |in my personal life that I have to worry about and wrestle with. I have children
753 |752 |01:04:58 ~-~-> 01:05:02 |that don't want to listen to me do. Like you do, or if you have children, or will
754 |753 |01:05:02 ~-~-> 01:05:06 |have children, you'll have that experience too. They're not going to do
755 |754 |01:05:06 ~-~-> 01:05:11 |what you tell them to do, which is good advice. Don't do this. Don't do that. If
756 |755 |01:05:12 ~-~-> 01:05:16 |you get a flat tire to my daughter, don't drive home. Just tell me where
757 |756 |01:05:16 ~-~-> 01:05:19 |you're at and we'll get it taken care of. And they drive home, they tear up
758 |757 |01:05:19 ~-~-> 01:05:25 |the tire completely, and they ruin the rent. I told you don't drive it, yeah,
759 |758 |01:05:25 ~-~-> 01:05:28 |but I didn't want to sit where I was sitting. You were completely safe in a
760 |759 |01:05:28 ~-~-> 01:05:34 |shopping center. Come on, it was daytime. Come on, right? It's common
761 |760 |01:05:34 ~-~-> 01:05:39 |sense, but you know what it's like when you don't listen? I tell you, don't
762 |761 |01:05:39 ~-~-> 01:05:42 |trade on Non Farm Payroll, Friday, days, and what do you do? I want to see what
763 |762 |01:05:42 ~-~-> 01:05:47 |happens. And then you're sending me emails. I wish I would have listened. So
764 |763 |01:05:47 ~-~-> 01:05:52 |I mean, I get it. I mean, I get it. You want to be the exception, but that lead
765 |764 |01:05:52 ~-~-> 01:05:56 |dog pitfall that it ain't never going to happen in you, and you're going to be
766 |765 |01:05:56 ~-~-> 01:06:00 |the one that rises to the occasion, and you're going to have all the answers,
767 |766 |01:06:01 ~-~-> 01:06:07 |man, I prematurely thought I had all the answers in the 90s. I thought I had them
768 |767 |01:06:07 ~-~-> 01:06:13 |all figured out then, and I didn't. And I started teaching way before I knew
769 |768 |01:06:13 ~-~-> 01:06:19 |what the hell I was doing, and I was discovering things while teaching that
770 |769 |01:06:19 ~-~-> 01:06:25 |were actual weaknesses on me, and then I had to fortify those weak areas in my
771 |770 |01:06:25 ~-~-> 01:06:31 |trading with protocols, processes, things that fill in the blank that I had
772 |771 |01:06:31 ~-~-> 01:06:38 |a real phobia about. And the thing primarily was, how do I know when to
773 |772 |01:06:38 ~-~-> 01:06:41 |buy? Because I didn't want to be a short seller, so I had to figure out, what
774 |773 |01:06:41 ~-~-> 01:06:46 |were the catalysts that make me feel confident that I can buy that market
775 |774 |01:06:46 ~-~-> 01:06:53 |knowing that it's not likely to drop. So if I can figure out when to time that
776 |775 |01:06:53 ~-~-> 01:06:57 |all I have to do is sit around and wait for those conditions, and then when I do
777 |776 |01:06:57 ~-~-> 01:07:04 |press the button, I'm just going to hold on to it until it bends to MY will. That
778 |777 |01:07:04 ~-~-> 01:07:10 |became the secondary thing I would force my will on the marketplace. So I had to
779 |778 |01:07:10 ~-~-> 01:07:15 |learn that even though I might have all those things in line that says I have a
780 |779 |01:07:15 ~-~-> 01:07:18 |good buying opportunity, and it's meeting all the criteria that I had at
781 |780 |01:07:18 ~-~-> 01:07:22 |the time, which was myopic, don't, don't think that I had it figured out back
782 |781 |01:07:22 ~-~-> 01:07:26 |then, because I didn't. That was the early stages of me just falling in love
783 |782 |01:07:26 ~-~-> 01:07:32 |with being right. That's a problem. But at the time, you think that their
784 |783 |01:07:32 ~-~-> 01:07:36 |strengths, you think that they are the characteristics that make you a warrior.
785 |784 |01:07:36 ~-~-> 01:07:39 |You're going to go out there. No one's going to hold you back. I'm going to
786 |785 |01:07:39 ~-~-> 01:07:43 |beat it. I'm gonna beat everybody else's results. I'm gonna be the person. I'm
787 |786 |01:07:43 ~-~-> 01:07:53 |gonna be lead dog. And I put myself through so much shit, losing accounts,
788 |787 |01:07:53 ~-~-> 01:07:59 |blowing accounts, losing wonderful wins. Work for a whole month, building up
789 |788 |01:07:59 ~-~-> 01:08:07 |equity. No. Losing days, none. And in one day, that starts off, picture
790 |789 |01:08:07 ~-~-> 01:08:14 |perfect. I put the trade on bond starts shit in the bed. I'm long like, What the
791 |790 |01:08:14 ~-~-> 01:08:17 |hell is this? All right, it's just dropping against me a little bit. I'm
792 |791 |01:08:17 ~-~-> 01:08:21 |gonna buy more of it up. It's dropping a bit more. I don't know where to place a
793 |792 |01:08:21 ~-~-> 01:08:25 |stop loss, but I'm right, so let me take the stop loss off. Well, you knew the
794 |793 |01:08:25 ~-~-> 01:08:32 |end of that the account loan, I've wrestled, arm wrestled the entire day
795 |794 |01:08:33 ~-~-> 01:08:38 |from the opening bell of bonds, trying to be long on a day that opened at the
796 |795 |01:08:38 ~-~-> 01:08:46 |high and just kept going down. Never had one tick above the opening price. And I
797 |796 |01:08:46 ~-~-> 01:08:50 |was wrestling with that as a 20 year old. When you think your shit doesn't
798 |797 |01:08:50 ~-~-> 01:08:54 |stink, you're the cocktail walk. You made money all month long. No losing
799 |798 |01:08:54 ~-~-> 01:08:59 |days, the Friday that ends the trading of that month.
800 |799 |01:09:00 ~-~-> 01:09:08 |All that's gone and the account that's demoralizing, that's demoralizing, and
801 |800 |01:09:08 ~-~-> 01:09:12 |that people that come up in this industry and they tell you, they fucking
802 |801 |01:09:12 ~-~-> 01:09:20 |never blew an account. They're full of fucking shit. They are liars. They are
803 |802 |01:09:20 ~-~-> 01:09:24 |liars. There is no progeny that walks out there in this world. They were
804 |803 |01:09:24 ~-~-> 01:09:28 |touched by the grace of God, and they've never blown an account. That's never
805 |804 |01:09:28 ~-~-> 01:09:33 |happened. It's never happened like that. Everybody, everybody has done that,
806 |805 |01:09:34 ~-~-> 01:09:38 |anybody that claims they never have done that, they are liars or they just
807 |806 |01:09:38 ~-~-> 01:09:43 |started. Just wait around because it's going to happen. It's human nature,
808 |807 |01:09:43 ~-~-> 01:09:46 |folks, you do this long enough you're going to think that you figured it all
809 |808 |01:09:46 ~-~-> 01:09:50 |out, and then when you find out that you won't have it, right, you want to use
810 |809 |01:09:50 ~-~-> 01:09:54 |the magic eraser and get rid of that red day. And you're willing to do anything.
811 |810 |01:09:55 ~-~-> 01:09:59 |You're willing to pay any commission level, right? Vinnie to try to get back
812 |811 |01:09:59 ~-~-> 01:10:06 |to E. And you'll spend 6500 hours on commissions, just so you don't have a
813 |812 |01:10:06 ~-~-> 01:10:12 |losing day. I should do stuff like that. I used to do that stupid shit. I used to
814 |813 |01:10:12 ~-~-> 01:10:22 |do it. But there's a better way. There's a more efficient, less stress way to do
815 |814 |01:10:22 ~-~-> 01:10:28 |it. It's going to require effort. It's going to take diligence and organization
816 |815 |01:10:28 ~-~-> 01:10:32 |and a level of commitment to following rules that you're usually not used to
817 |816 |01:10:32 ~-~-> 01:10:39 |doing, which makes this business very, very hard. You want to have it easy.
818 |817 |01:10:40 ~-~-> 01:10:46 |Trading will and can be easy. It is. It really is easy if you're waiting for the
819 |818 |01:10:46 ~-~-> 01:10:51 |choicest days to trade where the market structures so in favor of running to a
820 |819 |01:10:51 ~-~-> 01:10:56 |specific pool of liquidity or inefficiency, everything moving in one
821 |820 |01:10:56 ~-~-> 01:11:02 |tandem direction, everything being symmetrical, everything being so
822 |821 |01:11:03 ~-~-> 01:11:06 |telegraphed that it's going to do this very thing. All you have to simply wait
823 |822 |01:11:06 ~-~-> 01:11:14 |for it. Those conditions, is what I taught you. The problem is you're trying
824 |823 |01:11:14 ~-~-> 01:11:17 |to force that just because you're sitting in front of the charts. ICT said
825 |824 |01:11:17 ~-~-> 01:11:21 |the silver bullet happens between 10 o'clock and 11 o'clock. So I'm sitting
826 |825 |01:11:21 ~-~-> 01:11:28 |down, and it's 1001, so I'm looking to take a trade. Where's the where's the
827 |826 |01:11:28 ~-~-> 01:11:37 |problem? There you're forcing it. You're chomping at the bit, and your desire is
828 |827 |01:11:37 ~-~-> 01:11:46 |forcing you to invite your will on the market. You already see yourself being
829 |828 |01:11:46 ~-~-> 01:11:51 |accomplished in finding the right setup, because you know it's coming. But you
830 |829 |01:11:51 ~-~-> 01:11:56 |might be looking at a two minute chart and it might not really be there. You
831 |830 |01:11:56 ~-~-> 01:11:59 |might be looking at the one minute chart and it might not be there, and it
832 |831 |01:11:59 ~-~-> 01:12:05 |materializes on a 15 second chart. Oh, man, see, he's always got a nail. No, I
833 |832 |01:12:05 ~-~-> 01:12:10 |have lots of ways to get in. In my silver bullet may not be on the one
834 |833 |01:12:10 ~-~-> 01:12:16 |minute chart. It may have been on a 32nd chart. I may have missed the exit, I'm
835 |834 |01:12:16 ~-~-> 01:12:21 |sorry, the entry point on a silver bullet that I really would have been
836 |835 |01:12:22 ~-~-> 01:12:27 |better suited to enter because I was chasing a puppy, or I walked away to
837 |836 |01:12:27 ~-~-> 01:12:31 |grab a drink. Or, you know, there's packages left in front of my door. I
838 |837 |01:12:31 ~-~-> 01:12:34 |gotta bring them in because my wife's saying I'm not home right now, and I
839 |838 |01:12:34 ~-~-> 01:12:38 |just gotta alert saying that Amazon dropped off packages. Please. Please,
840 |839 |01:12:38 ~-~-> 01:12:42 |bring them in like we live in a bad neighborhood, right? So these are all
841 |840 |01:12:42 ~-~-> 01:12:48 |distractions, and because I'm watching a very small time frame, that point at
842 |841 |01:12:48 ~-~-> 01:12:52 |which I'm trying to enter, may have I may have missed it. Oh, that's big. No
843 |842 |01:12:52 ~-~-> 01:12:56 |big deal. If I miss an on one minute chart, I'll drop down to a 32nd 15
844 |843 |01:12:56 ~-~-> 01:12:59 |second and five second chart, and then I'll use a fair value gap on that. I'm
845 |844 |01:12:59 ~-~-> 01:13:03 |not missing the move, folks, I'm not going to miss the majority run of
846 |845 |01:13:03 ~-~-> 01:13:09 |whatever I'm looking for. I may miss that pristine entry point and see for
847 |846 |01:13:09 ~-~-> 01:13:13 |some of you, while you're new, you think because you missed that point of entry,
848 |847 |01:13:14 ~-~-> 01:13:20 |it's done. When I tell you, if you miss it, to simply wait and watch it. That's
849 |848 |01:13:20 ~-~-> 01:13:25 |teaching you patience. You don't have that when you first start. You don't
850 |849 |01:13:25 ~-~-> 01:13:29 |have patience because you're trying to chase the lead dog, whether it be me,
851 |850 |01:13:29 ~-~-> 01:13:32 |somebody else that's saying they making money. Someone else is doing something
852 |851 |01:13:32 ~-~-> 01:13:36 |on our live stream, someone else is doing signal services. Someone else is
853 |852 |01:13:36 ~-~-> 01:13:41 |doing whatever you're constantly trying to run when it's better for you in the
854 |853 |01:13:41 ~-~-> 01:13:46 |beginning to learn to sit still. Observe. How are you thinking about the
855 |854 |01:13:46 ~-~-> 01:13:51 |marketplace? Do you feel like this insatiable desire that you've got to be
856 |855 |01:13:51 ~-~-> 01:13:55 |in there today, like come hell or high water? Even if you only get five handles
857 |856 |01:13:55 ~-~-> 01:14:00 |of the 30 handle run, if you just get a piece of it, you know, at least you got
858 |857 |01:14:00 ~-~-> 01:14:05 |something. You took a, you look a bite of the, you know, the beast that you've
859 |858 |01:14:05 ~-~-> 01:14:12 |been hunting, that's a hyenas approach, you know, I don't, I don't trade like a
860 |859 |01:14:12 ~-~-> 01:14:18 |hyena. I'm not out there cackling and making crazy noises and shit trying to
861 |860 |01:14:18 ~-~-> 01:14:24 |just get a snap, a bite of something. I'm out there, literally stalking and
862 |861 |01:14:24 ~-~-> 01:14:31 |waiting, and when I see the weak one in the herd, the Judah swing to see the
863 |862 |01:14:31 ~-~-> 01:14:36 |retail traders thinking that they got something that's easy money for them. If
864 |863 |01:14:36 ~-~-> 01:14:41 |that's 100% diametrically opposed to what I'm anticipating in price, I'm
865 |864 |01:14:41 ~-~-> 01:14:47 |running that fucker down, and I'm going home with a full belly. And I'm not
866 |865 |01:14:47 ~-~-> 01:14:51 |second guessing it. I'm not worrying about what other people are doing, what
867 |866 |01:14:51 ~-~-> 01:14:54 |they think's making the market go up or down, what the volume profile said, what
868 |867 |01:14:54 ~-~-> 01:14:58 |volume node they're looking at, what point of control, what V wop, what
869 |868 |01:14:58 ~-~-> 01:15:02 |fucking supply and demand zone, what. To get wave count is I don't give a fuck
870 |869 |01:15:02 ~-~-> 01:15:10 |about none of that stuff. I know exactly what I'm looking for. I'm not worried
871 |870 |01:15:10 ~-~-> 01:15:16 |about anything else. I'm dialed in. I know exactly what I'm hunting. I got my
872 |871 |01:15:16 ~-~-> 01:15:24 |eyes set on it, and I'm gonna run it down, and I'm taking it home. That's not
873 |872 |01:15:24 ~-~-> 01:15:31 |arrogance, that's not narcissism, that's absolutely defined as confidence,
874 |873 |01:15:31 ~-~-> 01:15:36 |because I've been here enough times to know that what I'm doing works. I don't
875 |874 |01:15:36 ~-~-> 01:15:40 |need to change it. I don't need to look at somebody else to help me make it
876 |875 |01:15:40 ~-~-> 01:15:45 |better. I'm not looking at any retail logic, because it's not even in there.
877 |876 |01:15:45 ~-~-> 01:15:52 |I'm attacking that I am an apex predator. Is attacking the weakest form
878 |877 |01:15:52 ~-~-> 01:15:59 |of trader in this industry at a time when they're making their actions known.
879 |878 |01:15:59 ~-~-> 01:16:04 |This is what I'm gonna do, Mr. Six months of experience. And that's not a
880 |879 |01:16:04 ~-~-> 01:16:07 |knock against anyone that has little experience. But if someone's gonna be so
881 |880 |01:16:07 ~-~-> 01:16:13 |courteous enough to say, Hey, I believe this is what's gonna happen, where do
882 |881 |01:16:13 ~-~-> 01:16:17 |they come? Where do they come? Late? Where they where they congregate and
883 |882 |01:16:17 ~-~-> 01:16:25 |meet up on live streamers, live streams. That's a beautiful resource. It's a
884 |883 |01:16:25 ~-~-> 01:16:31 |beautiful resource. You should encourage them to do it show up. I That's what I'm
885 |884 |01:16:31 ~-~-> 01:16:34 |doing when I talk about top step, when I talk about Patrick wheeling, when I talk
886 |885 |01:16:34 ~-~-> 01:16:38 |about trades by Matt. And there's a couple other people, I won't mention.
887 |886 |01:16:39 ~-~-> 01:16:47 |They have really, really opinionated chat windows, and when I say things like
888 |887 |01:16:47 ~-~-> 01:16:52 |that, it's very easy for people to have an issue with me. They want to try to
889 |888 |01:16:52 ~-~-> 01:16:56 |paint me in a different light. I'm telling you that market sentiment is a
890 |889 |01:16:56 ~-~-> 01:17:02 |thing. It's real okay. If you go to top step, they're basically telling you that
891 |890 |01:17:02 ~-~-> 01:17:07 |they're looking at their traders. And how many are net long? How many short?
892 |891 |01:17:07 ~-~-> 01:17:11 |Are they assholes for making that available? No, I think it's great. It's
893 |892 |01:17:11 ~-~-> 01:17:17 |absolutely great information. It doesn't mean that that's a selling signal or a
894 |893 |01:17:17 ~-~-> 01:17:22 |buy signal. It just that's a good sentiment read, but the better one is
895 |894 |01:17:22 ~-~-> 01:17:28 |what they're saying in that chat window. Because if I already know that
896 |895 |01:17:28 ~-~-> 01:17:34 |predominantly, most traders are offside, okay, whether trading in the top step
897 |896 |01:17:35 ~-~-> 01:17:39 |company, whether trading in other companies, I can't think of any other
898 |897 |01:17:39 ~-~-> 01:17:47 |company's name, but if this resource is made available to you, it's like a
899 |898 |01:17:47 ~-~-> 01:17:55 |watering hole, just like on the on the plains of Africa. Okay, I'm this fucking
900 |899 |01:17:55 ~-~-> 01:18:00 |cheetah. I'm hungry. I'm trying to get a fucking meal today. So I'm looking out
901 |900 |01:18:00 ~-~-> 01:18:08 |here in the dry landscape in front of me. I want to get something to eat. So
902 |901 |01:18:08 ~-~-> 01:18:10 |where am I gonna go? I'm gonna go through the fucking drive through.
903 |902 |01:18:10 ~-~-> 01:18:14 |Where's that? At the watering hole? So they go out there and they lay down in
904 |903 |01:18:14 ~-~-> 01:18:19 |the brush, and they watch all the animals go out there and they get a
905 |904 |01:18:19 ~-~-> 01:18:29 |drink. Eventually, one's gonna walk over there with a bum leg, but they have the
906 |905 |01:18:29 ~-~-> 01:18:33 |opinion that they're safely gonna make it to the watering hole, get a drink and
907 |906 |01:18:33 ~-~-> 01:18:36 |live on the rest of the day. That's what their sentiment is, and they're making
908 |907 |01:18:36 ~-~-> 01:18:39 |it known to everybody by walking out there publicly
909 |908 |01:18:39 ~-~-> 01:18:43 |well as the same mindset as these individuals that share their opinion
910 |909 |01:18:43 ~-~-> 01:18:49 |they're going to these, these watering holes, to me, that tells you it's a
911 |910 |01:18:49 ~-~-> 01:18:54 |pretty safe bet that they're probably very new to trading, and if they're very
912 |911 |01:18:54 ~-~-> 01:18:59 |chatty, the same names that keep coming up, they're the ones that absolutely
913 |912 |01:18:59 ~-~-> 01:19:03 |don't know what the fuck they're talking about, because they can't shut up.
914 |913 |01:19:04 ~-~-> 01:19:08 |They're chatty. The chattiest ones that show their opinion start paying
915 |914 |01:19:08 ~-~-> 01:19:13 |attention to those individuals online too, not just simply in chat windows, on
916 |915 |01:19:13 ~-~-> 01:19:18 |Twitter, on Instagram, on Facebook, whatever, whatever resource. If you're
917 |916 |01:19:18 ~-~-> 01:19:23 |in discord, I don't go to any of those types of things, but in for the clarity,
918 |917 |01:19:23 ~-~-> 01:19:27 |also, I don't have Facebook, I do not have Instagram. I am not on Discord.
919 |918 |01:19:27 ~-~-> 01:19:31 |You're not going to talk to me on telegram. I don't have any other social
920 |919 |01:19:31 ~-~-> 01:19:34 |media where you're going to be able to engage with me, except for my YouTube
921 |920 |01:19:34 ~-~-> 01:19:38 |channel. That's it. There's nothing else. If you see anybody else pretending
922 |921 |01:19:38 ~-~-> 01:19:42 |to be me, they're fucking liars, and if they're asking for money, it ain't me.
923 |922 |01:19:42 ~-~-> 01:19:50 |So by watching these individuals online and when they share their opinion about
924 |923 |01:19:50 ~-~-> 01:19:57 |what's going to happen, or if they co sign someone else's opinion, if that is
925 |924 |01:19:57 ~-~-> 01:20:01 |diametrically opposed, that means it's op. To what I think is going to happen
926 |925 |01:20:01 ~-~-> 01:20:04 |under the day. If I think it's going to be a bullish day, it's going to run for
927 |926 |01:20:04 ~-~-> 01:20:08 |some some buy side liquidity above an old high or relatively equal highs. Or
928 |927 |01:20:08 ~-~-> 01:20:12 |if I think it's going to reach up to an old fair value guy, if that's what I'm
929 |928 |01:20:12 ~-~-> 01:20:17 |holding to as my expectation on the day, I'm going to side with that all the
930 |929 |01:20:17 ~-~-> 01:20:21 |time. I got 30 years of doing this, these individuals are hanging out in the
931 |930 |01:20:21 ~-~-> 01:20:26 |chat windows of these prop firm companies. Chances are, they're probably
932 |931 |01:20:26 ~-~-> 01:20:30 |not long term traders. The chances of them being profitable or is very slim,
933 |932 |01:20:30 ~-~-> 01:20:35 |and they're in there because they want other people to tell them what they
934 |933 |01:20:35 ~-~-> 01:20:38 |should do, because they don't know what they're doing, but because they want to
935 |934 |01:20:38 ~-~-> 01:20:42 |be part of something. The mindset is this, if I start talking a lot, it's
936 |935 |01:20:42 ~-~-> 01:20:45 |going to feel like I'm part of the crew, but really, what you're doing is you're
937 |936 |01:20:45 ~-~-> 01:20:49 |running out to that warning hole with a bum leg and part of your ass missing.
938 |937 |01:20:49 ~-~-> 01:20:54 |That means I'm going to run you down easy your easy meal for me, dollar menu.
939 |938 |01:20:54 ~-~-> 01:21:00 |Here you go, real cheap, easy meal. And if you're telling the world on that
940 |939 |01:21:00 ~-~-> 01:21:05 |stage, that this is what you think is going to happen. You're going to make it
941 |940 |01:21:05 ~-~-> 01:21:08 |to that watering hole and get to live the rest of the day. I'm going to be
942 |941 |01:21:08 ~-~-> 01:21:12 |there at that watering hole eating your ass. Okay? I'm going to devour you right
943 |942 |01:21:12 ~-~-> 01:21:18 |there. You're done. I'm fed. You're done. It's a mercy killing. That's how I
944 |943 |01:21:18 ~-~-> 01:21:22 |look at it. I don't have a problem with it. I don't wrestle with it morally. It
945 |944 |01:21:22 ~-~-> 01:21:26 |is the way it is. The food chain is what it is. You're either an apex predator or
946 |945 |01:21:26 ~-~-> 01:21:32 |your asses prey, and I'm not getting eaten by nobody. Nope. I'm going to
947 |946 |01:21:32 ~-~-> 01:21:39 |sharpen my flaws every day. I'm going to keep my teeth sharpest longest, and I
948 |947 |01:21:39 ~-~-> 01:21:46 |want to make sure I eat. So how do you do that? You couple yourself with the
949 |948 |01:21:46 ~-~-> 01:21:51 |weakest form of trader and use them as Counterparty. That's the whole essence
950 |949 |01:21:51 ~-~-> 01:21:56 |of what sentiment is. That's what the benefit of market sentiment is. Looking
951 |950 |01:21:56 ~-~-> 01:22:03 |for the weakest mindset in the most apt to be wrong, to be suggesting a
952 |951 |01:22:03 ~-~-> 01:22:09 |direction that is opposed to what you with, more experience, more track
953 |952 |01:22:09 ~-~-> 01:22:15 |record, more accuracy, is against when that arm wrestling match is going on
954 |953 |01:22:15 ~-~-> 01:22:18 |between Smart Money, someone has been doing it for a very long time. I mean,
955 |954 |01:22:18 ~-~-> 01:22:23 |think about it. There is nothing out there in the world that would ever
956 |955 |01:22:23 ~-~-> 01:22:26 |entice me to go out there and grab a golf club and spend a whole afternoon
957 |956 |01:22:26 ~-~-> 01:22:30 |trying to put a ball in a fucking hole. I know I can't do that. I know I can't
958 |957 |01:22:30 ~-~-> 01:22:33 |do it. I'm not going to hang around people that do it. I'm not going to
959 |958 |01:22:33 ~-~-> 01:22:36 |waste my time doing it, and I sure as hell I'm not going to watch it on TV.
960 |959 |01:22:36 ~-~-> 01:22:41 |But people do it. They love it. Okay, so if I was go out there and try to golf
961 |960 |01:22:41 ~-~-> 01:22:47 |against like Tiger Woods, and I would look like an idiot. There was there's no
962 |961 |01:22:47 ~-~-> 01:22:52 |way I would even do that. Okay, but that's the equivalent in my mind. When I
963 |962 |01:22:52 ~-~-> 01:22:55 |see someone that is green, they're brand new, they have no idea what they're
964 |963 |01:22:55 ~-~-> 01:22:59 |talking about or doing, and they're not profitable, but they're always chatting
965 |964 |01:22:59 ~-~-> 01:23:04 |it up, what they think the market's going to do. Just sit back for a week
966 |965 |01:23:04 ~-~-> 01:23:10 |and watch them. You'll see the people that do it, and then fade them when the
967 |966 |01:23:10 ~-~-> 01:23:16 |market is poised. Based on what I teach, it's near perfect setups. It's near
968 |967 |01:23:16 ~-~-> 01:23:25 |perfect. I use them like a retail Squawk Box, and some of you are sending
969 |968 |01:23:25 ~-~-> 01:23:29 |comments to me and you say, I'm a dick, I'm an asshole, I'm a narcissistic
970 |969 |01:23:29 ~-~-> 01:23:35 |prick. Because I'm saying this, I'm giving you an advantage, like it's a
971 |970 |01:23:35 ~-~-> 01:23:41 |real time advantage, because people are creatures of habit, if the people that
972 |971 |01:23:41 ~-~-> 01:23:44 |are doing it, and they realize they're listening and they're thinking, I'm not
973 |972 |01:23:44 ~-~-> 01:23:48 |gonna do that anymore, it doesn't matter. PT Barnum said it, there's a
974 |973 |01:23:48 ~-~-> 01:23:51 |sucker born every second. And guess what, somebody else is gonna fill that
975 |974 |01:23:51 ~-~-> 01:23:55 |void. They're gonna start talking to because they want to feel a part of
976 |975 |01:23:55 ~-~-> 01:24:02 |something, and really what they want is someone to say, I agree with you. Think
977 |976 |01:24:02 ~-~-> 01:24:06 |about it. They want someone to say, Yeah, that's the right idea, and then
978 |977 |01:24:06 ~-~-> 01:24:08 |they feel like they're accomplished. They're not taking any trades, they're
979 |978 |01:24:08 ~-~-> 01:24:11 |not pushing any buttons, not even trading a demo account. But now, what do
980 |979 |01:24:11 ~-~-> 01:24:15 |they feel? A sense of camaraderie, some sense of community. It gives them a
981 |980 |01:24:15 ~-~-> 01:24:20 |purpose, which is the problem into the world right now, because there is a lack
982 |981 |01:24:20 ~-~-> 01:24:30 |of sense of self worth. Think about it. A lot of my students that follow me on
983 |982 |01:24:30 ~-~-> 01:24:34 |YouTube, a lot of them have never had a fatherly figure in their life. They've
984 |983 |01:24:34 ~-~-> 01:24:38 |never had anybody believe in them. Nobody's ever encouraged them. And I'm
985 |984 |01:24:38 ~-~-> 01:24:42 |doing those types of things. That's why you feel like there is this rapport
986 |985 |01:24:42 ~-~-> 01:24:48 |between us. You feel like I'm talking just to you because you came with a void
987 |986 |01:24:48 ~-~-> 01:24:52 |that needed to be filled, and because I have a genuine interest in all of you
988 |987 |01:24:52 ~-~-> 01:24:56 |succeeding. I'm not going to pull any punches. I'm not going to sugarcoat it,
989 |988 |01:24:56 ~-~-> 01:25:01 |because if you were my son or daughter, you would hear just like this. Uh, you
990 |989 |01:25:01 ~-~-> 01:25:05 |will hear it just like this. I want you to know what it's going to be like. It's
991 |990 |01:25:05 ~-~-> 01:25:11 |going to be hard, it's going to be taxing, it's going to be an arduous
992 |991 |01:25:11 ~-~-> 01:25:14 |task. It's going to be very, very difficult to go through in the
993 |992 |01:25:14 ~-~-> 01:25:20 |beginning, but it's worth it, because once you get this skill set, all you
994 |993 |01:25:20 ~-~-> 01:25:23 |gotta do is wait around in the morning, in the late evening at the watering
995 |994 |01:25:23 ~-~-> 01:25:30 |hole. That's the kill zones. See the master of analogies, I'm never gonna run
996 |995 |01:25:30 ~-~-> 01:25:35 |short of it. This Baker never runs out of yeast. But all of these pitfalls,
997 |996 |01:25:35 ~-~-> 01:25:38 |they're gonna plague you and your development in the beginning, and then
998 |997 |01:25:38 ~-~-> 01:25:43 |the longer you hold on to these types of thinking and ignoring the benefits of
999 |998 |01:25:43 ~-~-> 01:25:49 |listening someone that's been doing it longer and better than you like. Here we
1000 |999 |01:25:49 ~-~-> 01:25:55 |are. It's a Saturday, folks. I'm investing in you. I'm giving you one of
1001 |1000 |01:25:55 ~-~-> 01:26:00 |my secret weapons. What I'm doing when I listen to these live streamers, and they
1002 |1001 |01:26:00 ~-~-> 01:26:04 |like to joke, I'm here to get codes for resets. Ask Michael patak If I've ever
1003 |1002 |01:26:04 ~-~-> 01:26:07 |done anything with trying to get an account with them. Never, won't ever
1004 |1003 |01:26:07 ~-~-> 01:26:12 |happen either. I'm not there to learn how to trade. I'm not there watching
1005 |1004 |01:26:12 ~-~-> 01:26:16 |Patrick wheeling learn how to trade. I'm not watching trades by Matt to learn how
1006 |1005 |01:26:16 ~-~-> 01:26:22 |to trade. I love trades by Matt. His attitude on everything. He's chill shit.
1007 |1006 |01:26:23 ~-~-> 01:26:27 |He's got no drama with him. He's just just hanging out. Never have to say
1008 |1007 |01:26:27 ~-~-> 01:26:33 |anything bad about anybody else. And he just does whatever he does, win, lose,
1009 |1008 |01:26:33 ~-~-> 01:26:37 |whatever it is, what it is. He's just how you gonna hate the guy? You know? I
1010 |1009 |01:26:37 ~-~-> 01:26:42 |think he's I think he should listen to me too. I mean the same advice I
1011 |1010 |01:26:42 ~-~-> 01:26:47 |mentioned in the post I made the Pat, and I hope he he allows it to post
1012 |1011 |01:26:47 ~-~-> 01:26:51 |because it was encouraging and it wasn't anything to be speaking down to him. And
1013 |1012 |01:26:52 ~-~-> 01:26:55 |I don't want anybody to think that. You know, he's a target that should be
1014 |1013 |01:26:55 ~-~-> 01:26:59 |trolled, even though he talks about me a lot. It's Shop Talk, folks. I don't take
1015 |1014 |01:26:59 ~-~-> 01:27:02 |any of that kind of that kind of stuff, unless you talk about my family and make
1016 |1015 |01:27:02 ~-~-> 01:27:06 |up bullshit about me. I got no time for You're an asshole. Okay, fuck you. You
1017 |1016 |01:27:06 ~-~-> 01:27:09 |make up bullshit. Try to get some ad revenue. Get the fuck out of here. Join
1018 |1017 |01:27:09 ~-~-> 01:27:12 |the Robins cup in because I'm telling you, I'm gonna beat your fucking ass in
1019 |1018 |01:27:12 ~-~-> 01:27:14 |that okay, I'm gonna rip your fucking head off and shove it straight up your
1020 |1019 |01:27:14 ~-~-> 01:27:20 |fucking ass. But apart from that decade, I don't have any problems with anybody
1021 |1020 |01:27:20 ~-~-> 01:27:23 |else. I have no problems. I can take Shop Talk. A good ribbing from other
1022 |1021 |01:27:23 ~-~-> 01:27:29 |people. It's fun. It's fun. But when someone like Patrick comes out and says,
1023 |1022 |01:27:29 ~-~-> 01:27:36 |Hey, this is what I'm struggling with right now, that that right there that
1024 |1023 |01:27:36 ~-~-> 01:27:42 |Garner's respect, because he doesn't need to make that public. He's not, he's
1025 |1024 |01:27:42 ~-~-> 01:27:47 |not obligated to share that level of detail. But yet he did, and I respect
1026 |1025 |01:27:47 ~-~-> 01:27:51 |that. That's the kind of stuff that needs to be shown. That kind of thing
1027 |1026 |01:27:51 ~-~-> 01:27:59 |needs to be revealed and say, hey, look, it's not easy. It's not easy at all. And
1028 |1027 |01:27:59 ~-~-> 01:28:06 |I would never try to punt a person that's doing that. I would never try to
1029 |1028 |01:28:06 ~-~-> 01:28:10 |knock against somebody that's doing that, because they're not trying to
1030 |1029 |01:28:10 ~-~-> 01:28:14 |deceive you. They're telling they're just showing you, basically, I'm trying
1031 |1030 |01:28:14 ~-~-> 01:28:18 |my best, and this is where I'm at right now, and I'm struggling, man, that takes
1032 |1031 |01:28:18 ~-~-> 01:28:24 |a lot of courage. It takes a lot of respect for your audience to say, hey,
1033 |1032 |01:28:24 ~-~-> 01:28:29 |look, I don't want you to look at me and see this when the reality I have this,
1034 |1033 |01:28:29 ~-~-> 01:28:33 |because it if someone is doing the opposite of that, that's a real piece of
1035 |1034 |01:28:33 ~-~-> 01:28:38 |shit. That's a real piece of shit that tries to hide it, but pretends that
1036 |1035 |01:28:38 ~-~-> 01:28:39 |they're better than they really
1037 |1036 |01:28:41 ~-~-> 01:28:46 |are. This this type of video, you know, it's the most one. I think he said, I'm
1038 |1037 |01:28:46 ~-~-> 01:28:50 |down really bad, or something like that. It's his. It's his most, at least at the
1039 |1038 |01:28:50 ~-~-> 01:28:53 |time of this recording. It's Saturday, 10 o'clock in the morning, Eastern Time.
1040 |1039 |01:28:55 ~-~-> 01:28:59 |It's a real short video, 12 minutes, you know, like, if you're a pseudo of mine,
1041 |1040 |01:28:59 ~-~-> 01:29:04 |you probably run it at two times the speed, it'll take you six minutes to get
1042 |1041 |01:29:04 ~-~-> 01:29:10 |through it. But he he covers a lot of things that I have preached hard and
1043 |1042 |01:29:10 ~-~-> 01:29:15 |fast for a long, long time are going to be the very barriers that you're going
1044 |1043 |01:29:15 ~-~-> 01:29:19 |to have if you do what he's been trying to do. And in short, this is what I have
1045 |1044 |01:29:19 ~-~-> 01:29:24 |said in his live streams, communicating to him, and I've made posts directly to
1046 |1045 |01:29:24 ~-~-> 01:29:30 |him in his comment sections on certain videos, and I've tried to encourage him
1047 |1046 |01:29:30 ~-~-> 01:29:36 |to do things like what I'm talking about here today, he has a following. His
1048 |1047 |01:29:36 ~-~-> 01:29:41 |following would grow exponentially if he stayed on track by doing what he did
1049 |1048 |01:29:41 ~-~-> 01:29:46 |today or last night, showing adversities, because that allows the
1050 |1049 |01:29:46 ~-~-> 01:29:50 |audience members to build a rapport. Saying, You know what, I'm not the only
1051 |1050 |01:29:50 ~-~-> 01:29:55 |one that's struggling right now, and because he has a built in audience that
1052 |1051 |01:29:55 ~-~-> 01:30:00 |like him, I like him from his his showmanship. I look at him as. Is a
1053 |1052 |01:30:00 ~-~-> 01:30:04 |Randy, macho man, savage WWF character, you know, I don't take anything that he
1054 |1053 |01:30:04 ~-~-> 01:30:10 |says as serious. I don't take anything that he says about me as a attack on me.
1055 |1054 |01:30:10 ~-~-> 01:30:13 |It's fun. It's just, it's, it's, it's shop talk. It's literally, you're
1056 |1055 |01:30:13 ~-~-> 01:30:16 |talking shit. It's like anything else. If you're on a football field, you know,
1057 |1056 |01:30:16 ~-~-> 01:30:20 |the other players gonna talk to a bit, you know, get up. I didn't hit you that
1058 |1057 |01:30:20 ~-~-> 01:30:25 |hard. It's, it's just like that. I don't, I don't need any of you to defend
1059 |1058 |01:30:25 ~-~-> 01:30:30 |me against these people. Okay, I have no problems, none whatsoever, with it, but
1060 |1059 |01:30:30 ~-~-> 01:30:37 |I want to see this guy do better. And he has enough. He has enough because I see
1061 |1060 |01:30:37 ~-~-> 01:30:43 |an AOL America Online version of me, okay, the way he acts, the way he talks,
1062 |1061 |01:30:43 ~-~-> 01:30:46 |and the way he brags and shit, and doesn't really have the skill set yet to
1063 |1062 |01:30:46 ~-~-> 01:30:51 |be like that. That's exactly what I was doing. On America Online, I talked like
1064 |1063 |01:30:51 ~-~-> 01:30:56 |I had it, then I have it. Now you see it, I have it. But back then on America
1065 |1064 |01:30:56 ~-~-> 01:31:02 |Online, I talked like I had it and I didn't. So I see an opportunity for me
1066 |1065 |01:31:02 ~-~-> 01:31:07 |to say, hey, look the ICG Junior, because that's his attitude. That was
1067 |1066 |01:31:07 ~-~-> 01:31:12 |exactly how I behaved on America Online. If you listen to me like I'm literally,
1068 |1067 |01:31:12 ~-~-> 01:31:17 |I'm literally talking to my 20 year old self in him, and a lot of you don't
1069 |1068 |01:31:17 ~-~-> 01:31:21 |understand it like but it's a it's a project for me. It's like a piece of
1070 |1069 |01:31:21 ~-~-> 01:31:25 |meat between my teeth and my tongue keeps going back to I want to fix him.
1071 |1070 |01:31:26 ~-~-> 01:31:30 |And he's being stubborn because he doesn't want people saying, you listen
1072 |1071 |01:31:30 ~-~-> 01:31:33 |to ICT and he's your instructor. He's your mentor. You don't need to ever call
1073 |1072 |01:31:33 ~-~-> 01:31:38 |me a mentor. Just listen to good advice, that's all, and watch how it changes you
1074 |1073 |01:31:39 ~-~-> 01:31:47 |for the better. Stop trying to trade once you get a win. Stop. Okay, I said
1075 |1074 |01:31:47 ~-~-> 01:31:50 |this in my post to you that may or may not make it to your comment section.
1076 |1075 |01:31:50 ~-~-> 01:31:55 |Stop trying to trade with the maximum size. Stop trying to cater to your
1077 |1076 |01:31:55 ~-~-> 01:32:00 |students or viewers, because you still have time in a day if you get out of a
1078 |1077 |01:32:00 ~-~-> 01:32:05 |trade and you made money. You made 2000 3000 4000 5000 whatever you made. Stop,
1079 |1078 |01:32:05 ~-~-> 01:32:10 |Turn the charts off, go, get on your boat and enjoy the rest of the day. Who,
1080 |1079 |01:32:10 ~-~-> 01:32:14 |in their right fucking mind would say, Dude, that's failure. You're going out
1081 |1080 |01:32:14 ~-~-> 01:32:18 |there making a couple $1,000 and then going out and living your life and doing
1082 |1081 |01:32:18 ~-~-> 01:32:21 |what you want to do, and you weren't even out here for an hour. See, you're
1083 |1082 |01:32:21 ~-~-> 01:32:26 |you're trying to cater. You're trying to cater to people that are most likely not
1084 |1083 |01:32:26 ~-~-> 01:32:29 |going to do shit with whatever you're doing. They're not going to pay you for
1085 |1084 |01:32:29 ~-~-> 01:32:32 |your service. They're in there listening, and most of them are there to
1086 |1085 |01:32:32 ~-~-> 01:32:37 |listen to you. Hopefully get it wrong. That's really what's going on. That's
1087 |1086 |01:32:37 ~-~-> 01:32:41 |what social media is. Social media is really a bunch of cannibalizing zombies
1088 |1087 |01:32:41 ~-~-> 01:32:46 |that just want to see other people fall so they can laugh about it. That's all
1089 |1088 |01:32:46 ~-~-> 01:32:52 |it is. So why cater to the majority? That's like that, when you could answer
1090 |1089 |01:32:52 ~-~-> 01:32:58 |the itch that everybody else that likes you wants, they want to see you share a
1091 |1090 |01:32:58 ~-~-> 01:33:02 |positive experience, talk about where you think the market's gonna go, and
1092 |1091 |01:33:02 ~-~-> 01:33:04 |then when you execute on it, and you show that I did this with my trade, I
1093 |1092 |01:33:04 ~-~-> 01:33:09 |made money now I'm done. I know I have the tendency to self destruct if I stay
1094 |1093 |01:33:09 ~-~-> 01:33:13 |here. I know I have the tendency to go, go in and do another trade when it's not
1095 |1094 |01:33:13 ~-~-> 01:33:16 |obligated to you. I'm not obligated to show you trades. I'm not obligated to
1096 |1095 |01:33:16 ~-~-> 01:33:19 |show you another winning trade. I'm not obligated to do the afternoon session
1097 |1096 |01:33:19 ~-~-> 01:33:24 |when I made money now in the morning, see that's control of yourself. That's
1098 |1097 |01:33:24 ~-~-> 01:33:29 |managing yourself, and it's managing your audience, but you are allowing your
1099 |1098 |01:33:29 ~-~-> 01:33:34 |audience to manage you. If I had every request that's ever given of me, I would
1100 |1099 |01:33:34 ~-~-> 01:33:37 |constantly be out here performing tricks all the time, doing shit all the time. I
1101 |1100 |01:33:37 ~-~-> 01:33:43 |don't need to do that. I'm in control of my audience. I dictate the pace. I
1102 |1101 |01:33:43 ~-~-> 01:33:49 |dictate every aspect of whatever the fuck I'm gonna do. I do that which gives
1103 |1102 |01:33:49 ~-~-> 01:33:55 |me, ultimately, control of me as the traitor. Now a 20 year old ICT on
1104 |1103 |01:33:55 ~-~-> 01:34:01 |America Online, anybody that asked me do anything I was like a dancing bear in a
1105 |1104 |01:34:01 ~-~-> 01:34:06 |carnival or a circus like whatever was asked of me. I was trying to do it, and
1106 |1105 |01:34:07 ~-~-> 01:34:12 |I was never able to satisfy everyone. And which was a problem for me, because
1107 |1106 |01:34:12 ~-~-> 01:34:16 |I was trying to satisfy everyone, you are not going to satisfy anyone or
1108 |1107 |01:34:16 ~-~-> 01:34:19 |everyone, rather. And if people talk shit about you, who gives a shit they
1109 |1108 |01:34:19 ~-~-> 01:34:25 |talk shit about you, look at look at where you are, look at what you've
1110 |1109 |01:34:25 ~-~-> 01:34:29 |accomplished. You have progress, even though you're saying you have a low
1111 |1110 |01:34:29 ~-~-> 01:34:32 |period right now, and this is the worst your trading has been for the year.
1112 |1111 |01:34:33 ~-~-> 01:34:37 |Guess what? You're acknowledging it. You're talking about pumping the brakes.
1113 |1112 |01:34:37 ~-~-> 01:34:42 |That's exactly what you should do, exactly what you should do. If you would
1114 |1113 |01:34:42 ~-~-> 01:34:45 |have said, I'm going to be out there and I'm going to push even harder because
1115 |1114 |01:34:45 ~-~-> 01:34:48 |I'm going to get out of this, that would have been the worst fucking thing to
1116 |1115 |01:34:48 ~-~-> 01:34:53 |say. That's what I was afraid you were going to say, but I was listening to you
1117 |1116 |01:34:53 ~-~-> 01:34:58 |and like, good. That's the right mindset. Dial it back. Cut short your
1118 |1117 |01:34:58 ~-~-> 01:35:03 |frequency of trading. Then take some time off. It's the holidays, folks. It
1119 |1118 |01:35:03 ~-~-> 01:35:08 |is the holidays. You want to make your holiday suck, try to make money, lose
1120 |1119 |01:35:08 ~-~-> 01:35:13 |it, and then wake up Christmas morning, you might see your children smile and be
1121 |1120 |01:35:13 ~-~-> 01:35:17 |bright. Oh, I'm opening presents and gifts. It's such a joyful time to be
1122 |1121 |01:35:17 ~-~-> 01:35:21 |together, having meals and being with your family. But you remember you blew
1123 |1122 |01:35:21 ~-~-> 01:35:25 |your fucking account yesterday, on Friday before whatever it's gonna it's
1124 |1123 |01:35:25 ~-~-> 01:35:29 |gonna put a big damper on all your holiday spirit, and you'll be faking it
1125 |1124 |01:35:29 ~-~-> 01:35:32 |in the presence of your family members, because you're tore up, because you lost
1126 |1125 |01:35:32 ~-~-> 01:35:37 |something that could easily be fixed when you restart it again, whatever
1127 |1126 |01:35:37 ~-~-> 01:35:42 |amount of money you've lost ever all of that is easily recouped with interest,
1128 |1127 |01:35:42 ~-~-> 01:35:48 |if you know what you're doing, but in your mind, you think that I blew my
1129 |1128 |01:35:48 ~-~-> 01:35:51 |account. I spent this much money on funded account challenges. I blew this
1130 |1129 |01:35:51 ~-~-> 01:35:54 |much money putting it in real accounts. I've done this, I've done that, I've
1131 |1130 |01:35:54 ~-~-> 01:36:00 |done this, I've done that. All of it. Add it all up. There's no money that
1132 |1131 |01:36:00 ~-~-> 01:36:06 |you've spent that can't be made in the future. See, you've allowed those things
1133 |1132 |01:36:06 ~-~-> 01:36:10 |to beat you down and make you second guess that anybody can be profitable,
1134 |1133 |01:36:10 ~-~-> 01:36:14 |that you can't be profitable, and you think that you have failed enough times
1135 |1134 |01:36:14 ~-~-> 01:36:16 |to it's solidified in your mind that you're a failure, so therefore I
1136 |1135 |01:36:16 ~-~-> 01:36:20 |shouldn't even try, but you just want to listen to other people, because you
1137 |1136 |01:36:20 ~-~-> 01:36:24 |can't let go of it. That means you're a trader, folks, that means you're a
1138 |1137 |01:36:24 ~-~-> 01:36:28 |trader. It just means you didn't listen to good advice, you didn't practice like
1139 |1138 |01:36:28 ~-~-> 01:36:30 |you should have, you didn't study like you should have, you didn't journal and
1140 |1139 |01:36:31 ~-~-> 01:36:35 |you didn't give yourself a real chance. You rushed into it, just like I did when
1141 |1140 |01:36:35 ~-~-> 01:36:39 |I first started. I've rushed into it after four fucking weeks of just reading
1142 |1141 |01:36:39 ~-~-> 01:36:42 |a book, I thought I knew how to trade, and I went out there and I lost 50% of
1143 |1142 |01:36:42 ~-~-> 01:36:48 |my money. My money overnight the first trade that's who's talking to you, the
1144 |1143 |01:36:48 ~-~-> 01:36:52 |same guy that you watched literally light it all up this week in a condition
1145 |1144 |01:36:52 ~-~-> 01:36:57 |in the market environment that I don't generally trade in, and I'm doing it
1146 |1145 |01:36:57 ~-~-> 01:37:03 |with a demo because I'm teaching period. I'm not licensed to give you trade
1147 |1146 |01:37:03 ~-~-> 01:37:06 |advice. I'm not going to open myself up to liability, and I don't give a shit.
1148 |1147 |01:37:06 ~-~-> 01:37:10 |How many times people talk about in a comment section? Oh, it's demo. Okay,
1149 |1148 |01:37:10 ~-~-> 01:37:15 |you do it in demo. You're going to watch me do it in a real Robin's cup next
1150 |1149 |01:37:15 ~-~-> 01:37:22 |year. What are you going to say then? Stupid thoughts. So hopefully you guys
1151 |1150 |01:37:22 ~-~-> 01:37:25 |have done some personal inventory with this discussion. This morning, I've
1152 |1151 |01:37:25 ~-~-> 01:37:28 |talked a little bit longer than I was supposed to, but that's usually what
1153 |1152 |01:37:28 ~-~-> 01:37:32 |happens around here in that over deliver, but I'm not going to charge you
1154 |1153 |01:37:32 ~-~-> 01:37:37 |anything more, but the pitfalls and plagues that I covered here, I really
1155 |1154 |01:37:37 ~-~-> 01:37:41 |want you to think about them, because I see a lot of it happening on social
1156 |1155 |01:37:41 ~-~-> 01:37:46 |media, a lot of it happening now on Twitter. They're all rushing in to try
1157 |1156 |01:37:46 ~-~-> 01:37:50 |to fill a void, and there's going to be a whole new supply of people. They're
1158 |1157 |01:37:50 ~-~-> 01:37:56 |going to be wanting to chase whatever lead dog barks loudest. And I'm not
1159 |1158 |01:37:56 ~-~-> 01:38:01 |saying that anybody that doesn't come up that they shouldn't be listened to. I'm
1160 |1159 |01:38:01 ~-~-> 01:38:08 |just saying Think, think, are you really seeing everything? Do you know these
1161 |1160 |01:38:08 ~-~-> 01:38:11 |people? Do you know that they can trade? Do you know that they have something
1162 |1161 |01:38:11 ~-~-> 01:38:19 |that works? Do you have, do you have the funds to pay them for what they're going
1163 |1162 |01:38:19 ~-~-> 01:38:23 |to ask you to pay them for? Because really, there's that that is a big thing
1164 |1163 |01:38:23 ~-~-> 01:38:32 |right now, and the the new movement is starting funding companies. I am not
1165 |1164 |01:38:32 ~-~-> 01:38:35 |associated with any funded account company. I would never be associated
1166 |1165 |01:38:35 ~-~-> 01:38:38 |with any funded account company, but it's
1167 |1166 |01:38:40 ~-~-> 01:38:44 |equivalent to running a brokerage firm that's fake, where, when you have
1168 |1167 |01:38:44 ~-~-> 01:38:49 |clients that deposit real money, and when they lose and they've only been
1169 |1168 |01:38:49 ~-~-> 01:38:53 |really given a demo account, really that operating under the guise of a demo,
1170 |1169 |01:38:53 ~-~-> 01:38:58 |when they lose money, the person that set up that shell company, they're just
1171 |1170 |01:38:58 ~-~-> 01:39:01 |taking that person's losses. That's how they're affording their land, or
1172 |1171 |01:39:01 ~-~-> 01:39:06 |Ferraris and bullshit, because they're not making money trading. But there's a
1173 |1172 |01:39:06 ~-~-> 01:39:11 |big window of opportunity for that type of business, and there's millions
1174 |1173 |01:39:11 ~-~-> 01:39:17 |available to that. I would never, ever set foot in that type of thing. I would
1175 |1174 |01:39:17 ~-~-> 01:39:22 |never be associated with any of that. And just look around and you're going to
1176 |1175 |01:39:22 ~-~-> 01:39:26 |see a whole lot more of that type of stuff. I'm not saying every person that
1177 |1176 |01:39:26 ~-~-> 01:39:34 |or individuals that do it are shady or that they're not, you know, trying to do
1178 |1177 |01:39:34 ~-~-> 01:39:39 |what's right. I'm just saying Just be careful, because that's the biggest
1179 |1178 |01:39:39 ~-~-> 01:39:43 |thing right now I see the trend shifting to, well, I really don't have to trade,
1180 |1179 |01:39:43 ~-~-> 01:39:46 |because now, if I start a funded company, the chances of someone being
1181 |1180 |01:39:46 ~-~-> 01:39:52 |successful in trading is is very limited. And while you may get the
1182 |1181 |01:39:52 ~-~-> 01:39:56 |individual outlier come out once in a while that does real well that to be
1183 |1182 |01:39:56 ~-~-> 01:40:00 |paid out the majority of individuals that come in and they're. Paying for
1184 |1183 |01:40:00 ~-~-> 01:40:03 |challenges, and they're failing, and failing that revenue that's constantly
1185 |1184 |01:40:03 ~-~-> 01:40:09 |coming in that will offset the few people that will ever join that company
1186 |1185 |01:40:09 ~-~-> 01:40:14 |to get paid out. And the flavor is also, you know, if there's someone extremely,
1187 |1186 |01:40:14 ~-~-> 01:40:20 |wildly profitable, this was one of my concerns, you know, do I have students
1188 |1187 |01:40:20 ~-~-> 01:40:25 |that eventually get banned because they're just beating them up, and I
1189 |1188 |01:40:25 ~-~-> 01:40:30 |don't know, I haven't had anybody come forward and say, Yeah, ICT, this is what
1190 |1189 |01:40:30 ~-~-> 01:40:34 |this and that's my interest, though, like I'm interested to see, because
1191 |1190 |01:40:34 ~-~-> 01:40:38 |there's a lot of you that listen to me. A lot of you trade with my concepts, and
1192 |1191 |01:40:38 ~-~-> 01:40:43 |a lot of you do, well, would there ever be a situation where there's so many
1193 |1192 |01:40:43 ~-~-> 01:40:47 |people coming in, like, that was that, like, I said, like, the question I would
1194 |1193 |01:40:47 ~-~-> 01:40:55 |ask if I was sitting down with all of the prop firm owners say, like, what
1195 |1194 |01:40:55 ~-~-> 01:41:01 |happens when there's a lot of winners and your model really is based on the
1196 |1195 |01:41:01 ~-~-> 01:41:07 |income stream that comes in, by way of the challenges being paid, paid for in
1197 |1196 |01:41:07 ~-~-> 01:41:11 |that revenue that comes in, they use that as their operating and I might be
1198 |1197 |01:41:11 ~-~-> 01:41:17 |wrong, but my understanding is that's what they do. But even if you have a
1199 |1198 |01:41:17 ~-~-> 01:41:21 |really good like, say, I went in there and I did a prop firm challenge, and
1200 |1199 |01:41:21 ~-~-> 01:41:25 |then they gave me a funded account, and I ran that up to millions of dollars
1201 |1200 |01:41:27 ~-~-> 01:41:34 |that still wouldn't be enough to pay out on just, I mean, that's, in my opinion,
1202 |1201 |01:41:34 ~-~-> 01:41:39 |I don't know, I've very limited understanding about it, but I see A meal
1203 |1202 |01:41:39 ~-~-> 01:41:46 |ticket that could be easily tapped into, and just sit back and watch over the
1204 |1203 |01:41:46 ~-~-> 01:41:53 |next six to 12 months, how many new prop firms creep up by social media traders.
1205 |1204 |01:41:54 ~-~-> 01:41:57 |That's all I'm saying. Okay? Because it's another way of fleecing
1206 |1205 |01:41:57 ~-~-> 01:42:01 |individuals. Because if you put money in into it okay, and you're pouring money
1207 |1206 |01:42:01 ~-~-> 01:42:04 |into challenges and challenges and challenges like when you have a fake
1208 |1207 |01:42:04 ~-~-> 01:42:11 |brokerage firm and they they put money into it, if you lose, naturally, you
1209 |1208 |01:42:11 ~-~-> 01:42:15 |thought you lost the money. But in reality, that money was never placed in
1210 |1209 |01:42:15 ~-~-> 01:42:20 |the marketplace. It was just worked with the premise of it, like a demo account.
1211 |1210 |01:42:21 ~-~-> 01:42:25 |If you win, okay, chances of you asking for a withdrawal is next mill, because
1212 |1211 |01:42:25 ~-~-> 01:42:30 |everybody wants to run it up big. So when you lose, you think, well, I lost
1213 |1212 |01:42:30 ~-~-> 01:42:33 |it. So that person that runs that fake brokerage account, they're just taking
1214 |1213 |01:42:33 ~-~-> 01:42:38 |that money and depositing in their bank account and paying for their Ferraris
1215 |1214 |01:42:38 ~-~-> 01:42:43 |and paying for their bullshit Rolex. Okay, all that's garbage. That's trash.
1216 |1215 |01:42:43 ~-~-> 01:42:47 |Okay? I would feel like a piece of shit if I ever did anything like that. I
1217 |1216 |01:42:47 ~-~-> 01:42:51 |would never even think to do things like that. But I'm not saying all prop firms
1218 |1217 |01:42:51 ~-~-> 01:42:55 |are like that, and I'm not saying all brokerage firms are like that, but
1219 |1218 |01:42:55 ~-~-> 01:42:59 |there's, there's a level of shadiness that certain individuals on social media
1220 |1219 |01:42:59 ~-~-> 01:43:05 |that they they're putting their hands in everything, and when they won't come out
1221 |1220 |01:43:05 ~-~-> 01:43:10 |of their empty for that's a problem, because if you're not a trade and you're
1222 |1221 |01:43:10 ~-~-> 01:43:15 |making money and you're a millionaire, okay, you'll be able to do that in
1223 |1222 |01:43:15 ~-~-> 01:43:19 |another brokerage account. You know, I've shown profitability and checking
1224 |1223 |01:43:19 ~-~-> 01:43:24 |trades with AMP global futures. That's a real regulated broker in the United
1225 |1224 |01:43:24 ~-~-> 01:43:28 |States. I traded with Thinkorswim. I literally have it on this YouTube
1226 |1225 |01:43:28 ~-~-> 01:43:32 |channel, and you can see me log into the account, and I doubled the account in
1227 |1226 |01:43:32 ~-~-> 01:43:37 |like five weeks using one contract. So that's not even trying. That was me
1228 |1227 |01:43:37 ~-~-> 01:43:40 |answering a lot of questions from students. What would you do if you got
1229 |1228 |01:43:40 ~-~-> 01:43:43 |drawdown here, and how would you fix this? I literally put the account in
1230 |1229 |01:43:43 ~-~-> 01:43:48 |drawdown and showed me coming out of it too. I went into 30% drawdown in one day
1231 |1230 |01:43:48 ~-~-> 01:43:52 |and came right back out of it in the same day. Like these are all questions
1232 |1231 |01:43:52 ~-~-> 01:43:56 |that students that paid me where I am obligated to answer their questions. I'm
1233 |1232 |01:43:56 ~-~-> 01:44:00 |obligated to answer everybody that makes comments questions, and I personally, I
1234 |1233 |01:44:00 ~-~-> 01:44:04 |can't answer every single question that gets made to me. I have so many videos,
1235 |1234 |01:44:04 ~-~-> 01:44:08 |and there's always new comments being left on them, and also people emailing
1236 |1235 |01:44:08 ~-~-> 01:44:12 |me that I can't get to because the email queue is so long. I can't I can't cater
1237 |1236 |01:44:12 ~-~-> 01:44:17 |to everybody, and I know some of times that it makes you feel like I'm ignoring
1238 |1237 |01:44:17 ~-~-> 01:44:21 |you, or you don't matter enough. Even some of my paid students feel this way,
1239 |1238 |01:44:21 ~-~-> 01:44:27 |because there's so many of you now. So it's one thing I wish I could do. I wish
1240 |1239 |01:44:27 ~-~-> 01:44:33 |I could be more accessible. I guess, the way it was when I was on baby pits,
1241 |1240 |01:44:33 ~-~-> 01:44:36 |where anybody that would ever ask anything, it was right then and there.
1242 |1241 |01:44:37 ~-~-> 01:44:40 |When we were on baby pips, I would go into the chat room and we would shut it
1243 |1242 |01:44:40 ~-~-> 01:44:44 |down. Basically, the chat window or chat room would stop working. There were so
1244 |1243 |01:44:44 ~-~-> 01:44:48 |many people that would come in because I wanted to answer questions, I wanted to
1245 |1244 |01:44:48 ~-~-> 01:44:51 |have an interaction. I want you to I want you to learn. But now, because the
1246 |1245 |01:44:51 ~-~-> 01:44:56 |audience size being what it is, it's impractical for any of you to expect me
1247 |1246 |01:44:56 ~-~-> 01:45:01 |to have a one on one type response into the guy that sent me the. Please, let me
1248 |1247 |01:45:01 ~-~-> 01:45:06 |be trained by you. I'll pay you $5,000 I'm not I'm not looking to get paid, and
1249 |1248 |01:45:06 ~-~-> 01:45:16 |I'm not doing one on ones. So my time is being given to you charitably because I
1250 |1249 |01:45:16 ~-~-> 01:45:22 |want you to do well. There's no, there's no currency exchange there. The way you
1251 |1250 |01:45:22 ~-~-> 01:45:28 |pay me back is, listen, follow the instructions, get your success, and then
1252 |1251 |01:45:28 ~-~-> 01:45:35 |tell me what you do that's all, that's all is it's all I want. Okay? And if you
1253 |1252 |01:45:35 ~-~-> 01:45:40 |use my concepts, you just give me a nod. So that way everybody knows that it's a
1254 |1253 |01:45:40 ~-~-> 01:45:44 |gift from God. Now I'm not saying, I'm God. I'm saying but it's that's where it
1255 |1254 |01:45:44 ~-~-> 01:45:52 |all came from. I want him to receive all the glory, not me. I want him. And when
1256 |1255 |01:45:52 ~-~-> 01:45:56 |I talk to you like I do today, it's intended for you to understand that you
1257 |1256 |01:45:56 ~-~-> 01:46:00 |will feel like you're the exception, that all these things are happening to
1258 |1257 |01:46:00 ~-~-> 01:46:04 |you that's holding you back. Everybody went through it, and you're going to
1259 |1258 |01:46:04 ~-~-> 01:46:10 |feel impulsive about making decisions to try to do what's unnecessary. If you
1260 |1259 |01:46:10 ~-~-> 01:46:18 |made $500 a day, is that failure? Because I'm going to tell you, it's not,
1261 |1260 |01:46:19 ~-~-> 01:46:24 |if you made $100 a day is that failure? It's not. But in your mind, you think
1262 |1261 |01:46:24 ~-~-> 01:46:29 |it's not success. You got to make a lot of money. No, you don't. Who said that
1263 |1262 |01:46:29 ~-~-> 01:46:35 |you did? Nobody came to you and said, unless you make this much money, you
1264 |1263 |01:46:35 ~-~-> 01:46:39 |aren't successful. And if anybody ever said that, that's somebody you don't
1265 |1264 |01:46:39 ~-~-> 01:46:46 |listen to, just disconnect from them, because impractical, unrealistic for you
1266 |1265 |01:46:46 ~-~-> 01:46:51 |to walk out there your very first time at that thinking that you're going to
1267 |1266 |01:46:51 ~-~-> 01:46:55 |start taking down these massive halls, these big windfall victories, which I
1268 |1267 |01:46:55 ~-~-> 01:47:00 |have no I have no respect for those. I don't give a shit. How much money you
1269 |1268 |01:47:00 ~-~-> 01:47:05 |withdraw on your first time. Can you do that the following month and the
1270 |1269 |01:47:05 ~-~-> 01:47:08 |following month in the following month and the following month? Because chances
1271 |1270 |01:47:08 ~-~-> 01:47:13 |are it's not going to happen like that. So like I said to Patrick in my comment,
1272 |1271 |01:47:13 ~-~-> 01:47:17 |I said, whenever you talk about your biggest win, you need to take that out
1273 |1272 |01:47:17 ~-~-> 01:47:22 |and throw it away your biggest losing trade, take that out also. What are you
1274 |1273 |01:47:22 ~-~-> 01:47:27 |left with? Because that's your real stats. That's your real meat on the bone
1275 |1274 |01:47:27 ~-~-> 01:47:32 |in the middle. That's what matters most. Your best, best, best trade is always
1276 |1275 |01:47:32 ~-~-> 01:47:35 |going to be the one that you over leveraged, and you were swinging for the
1277 |1276 |01:47:35 ~-~-> 01:47:38 |fences, and it was a gamble. So you can't even attribute that as your skill.
1278 |1277 |01:47:39 ~-~-> 01:47:44 |That's just that was a lottery win and the losing maximum loss day is the same
1279 |1278 |01:47:44 ~-~-> 01:47:48 |thing you held for that same expectation, but it went against you.
1280 |1279 |01:47:48 ~-~-> 01:47:52 |You weren't trading with your model, your biggest maximum loss. That's not
1281 |1280 |01:47:52 ~-~-> 01:47:58 |you trading responsibly so on both in both extremes, you need to take those
1282 |1281 |01:47:58 ~-~-> 01:48:03 |away. Now learn that from Larry Williams. So when you're looking at
1283 |1282 |01:48:03 ~-~-> 01:48:07 |systems and numbers, take your best number out. But he didn't say, take the
1284 |1283 |01:48:07 ~-~-> 01:48:11 |take the worst one out. He always said, take the best one out. I say both
1285 |1284 |01:48:12 ~-~-> 01:48:17 |because that's illustrating a lack of you not following your model, and what's
1286 |1285 |01:48:17 ~-~-> 01:48:22 |left is the clearest depiction of you when you are engaging your model within
1287 |1286 |01:48:22 ~-~-> 01:48:27 |the realm of your ability to stick within it. That's the results in the
1288 |1287 |01:48:27 ~-~-> 01:48:33 |data you have the show it. If that means that your average profitability on per
1289 |1288 |01:48:33 ~-~-> 01:48:37 |trade is less than $1,000 then that's what it is
1290 |1289 |01:48:39 ~-~-> 01:48:44 |that's not shameful, because if you're consistently doing that, as your equity
1291 |1290 |01:48:44 ~-~-> 01:48:49 |grows, you let money management do the heavy lifting when it's appropriate to
1292 |1291 |01:48:49 ~-~-> 01:48:54 |add to it. And like I told Matt, trades by Matt, I told Patrick wheel the same
1293 |1292 |01:48:54 ~-~-> 01:48:59 |thing I tell my students the same thing. You let your equity dictate how and when
1294 |1293 |01:48:59 ~-~-> 01:49:04 |you add more contracts when you've watched me run up accounts in Mt four,
1295 |1294 |01:49:04 ~-~-> 01:49:09 |and watch me run them up in trading view, and you watch me run them up in
1296 |1295 |01:49:09 ~-~-> 01:49:16 |the ThinkOrSwim, and you watch me run them up in amp. Those principles are or
1297 |1296 |01:49:16 ~-~-> 01:49:21 |what I was employing, not to those parameters, but I was allowing when I
1298 |1297 |01:49:21 ~-~-> 01:49:27 |made money that afforded me to trade with more contracts. When I lost money,
1299 |1298 |01:49:27 ~-~-> 01:49:32 |then I traded with less margin, less contracts, until I made 50% of that loss
1300 |1299 |01:49:32 ~-~-> 01:49:36 |back then I would bump right back up to whatever the leverage was that I made
1301 |1300 |01:49:36 ~-~-> 01:49:42 |prior to taking the losing trade. Now, if I'm in a trade intraday, and I take a
1302 |1301 |01:49:42 ~-~-> 01:49:47 |loss, and it may be less than what I'm allowing for for the trades onwards,
1303 |1302 |01:49:47 ~-~-> 01:49:51 |let's just say I'm risking three and a half percent. I'm not saying that you
1304 |1303 |01:49:51 ~-~-> 01:49:54 |should trade with three and a half percent risk, but let's say that's what
1305 |1304 |01:49:54 ~-~-> 01:50:01 |it was I get stopped out in the loss equates to 1.7% 1.9% okay? Okay, I'll
1306 |1305 |01:50:01 ~-~-> 01:50:04 |put the same amount of leverage back on because I didn't take a full three and a
1307 |1306 |01:50:04 ~-~-> 01:50:08 |half percent loss. So that's my marker that says, Okay, if it gets below that,
1308 |1307 |01:50:08 ~-~-> 01:50:14 |then I have to make a cut in the leverage. So I may take a smaller loss
1309 |1308 |01:50:15 ~-~-> 01:50:21 |that is less than what I would take as a full risk for that day. If I hit that
1310 |1309 |01:50:21 ~-~-> 01:50:26 |threshold, then if I take another trade, it has to be with less margin. See
1311 |1310 |01:50:26 ~-~-> 01:50:29 |someone you don't look like, look at trading like that. You're like, okay, I
1312 |1311 |01:50:29 ~-~-> 01:50:33 |can still afford to trade 15 contracts, so I'm going to take the next trade with
1313 |1312 |01:50:33 ~-~-> 01:50:36 |15 contracts. You're assuring that you're going to fail. You're
1314 |1313 |01:50:36 ~-~-> 01:50:40 |guaranteeing it, you're ushering it along, you're inviting it, you're laying
1315 |1314 |01:50:40 ~-~-> 01:50:46 |it out there with a red carpet. Blow my account out. You're not trading with
1316 |1315 |01:50:46 ~-~-> 01:50:56 |enough movement afforded to you by trading with that large leverage. So if
1317 |1316 |01:50:56 ~-~-> 01:51:05 |you just traded with one contract, okay, one, just one contract. I made 100% plus
1318 |1317 |01:51:05 ~-~-> 01:51:10 |percent in five weeks, trading with Thinkorswim, doing one contract, trading
1319 |1318 |01:51:10 ~-~-> 01:51:17 |on NASDAQ. Go look at it. It's on there, real money. And I set that up as a
1320 |1319 |01:51:18 ~-~-> 01:51:22 |realistic expectation for you. I think that that's realistic for a new student
1321 |1320 |01:51:22 ~-~-> 01:51:28 |first year. I think that's realistic. Not make 100% in one month, but for the
1322 |1321 |01:51:28 ~-~-> 01:51:32 |sake of if you were pick and choose in one trade per week, you take those
1323 |1322 |01:51:32 ~-~-> 01:51:37 |examples in mind you can make 100% in a year. And some of you are like, well,
1324 |1323 |01:51:37 ~-~-> 01:51:42 |that's not enough. Where are you going to be in 10 years from now, will you
1325 |1324 |01:51:42 ~-~-> 01:51:46 |have a million dollars working your job? You won't, but if you start with $1,000
1326 |1325 |01:51:48 ~-~-> 01:51:53 |and after taxes, you net 100% return, you got over a million dollars in 10
1327 |1326 |01:51:55 ~-~-> 01:52:00 |years. And that's a very, very slow paced, snail's crawl approach to
1328 |1327 |01:52:00 ~-~-> 01:52:04 |fortifying 10 years you have a million dollars now, a million dollars isn't
1329 |1328 |01:52:04 ~-~-> 01:52:08 |shit anymore today, but that's just an example that I started with. When I was
1330 |1329 |01:52:08 ~-~-> 01:52:11 |on baby pips. I was saying, Look, you guys look at money differently than I
1331 |1330 |01:52:11 ~-~-> 01:52:19 |do. I look at how I can take a little bit and make a lot over time, over time.
1332 |1331 |01:52:20 ~-~-> 01:52:23 |So when you sit down and you say to yourself, I'm going to learn how to
1333 |1332 |01:52:23 ~-~-> 01:52:28 |trade. I'm going to be successful at this. Okay, you all have a timeline that
1334 |1333 |01:52:28 ~-~-> 01:52:35 |you're going to be profitable by. That's a mistake. That's a mistake. You're
1335 |1334 |01:52:35 ~-~-> 01:52:38 |tying. You're trying to time your success. You're trying to time it like
1336 |1335 |01:52:38 ~-~-> 01:52:41 |it's the graduation when you go to college. Well, if I go through the
1337 |1336 |01:52:41 ~-~-> 01:52:46 |curriculum and I show up every year, I do all your semesters, spring, summer,
1338 |1337 |01:52:46 ~-~-> 01:52:51 |fall, winter, then I would have all my credits by this time, and then I'll
1339 |1338 |01:52:51 ~-~-> 01:52:56 |graduate this year. That's not how trading works. I know that's what you
1340 |1339 |01:52:56 ~-~-> 01:53:03 |want it to be like, but it's not. Some of you go in and you subscribe to the
1341 |1340 |01:53:03 ~-~-> 01:53:09 |idea it might take you a year and a half to get there, and you get into content
1342 |1341 |01:53:09 ~-~-> 01:53:13 |like I have, and listen to the good logic like this discussion today, where
1343 |1342 |01:53:13 ~-~-> 01:53:17 |it helps you calibrate your mindset and filter all the bullshit acknowledge the
1344 |1343 |01:53:17 ~-~-> 01:53:21 |things that you're feeling is real. It's you're not the exception, but there's a
1345 |1344 |01:53:21 ~-~-> 01:53:26 |way of going through it properly and staying on course. Don't let short term
1346 |1345 |01:53:26 ~-~-> 01:53:31 |adversities deviate your course of action, and then you make the learning
1347 |1346 |01:53:31 ~-~-> 01:53:35 |curve longer than it needs to be, because that's what really happens. I
1348 |1347 |01:53:35 ~-~-> 01:53:38 |made it longer for myself because I was trying to tinker with something that was
1349 |1348 |01:53:38 ~-~-> 01:53:42 |working, and I kept trying to make it better when it was already the best it
1350 |1349 |01:53:42 ~-~-> 01:53:47 |can be. I mean, look at my entries, the strategies I use for entering a trade.
1351 |1350 |01:53:48 ~-~-> 01:53:53 |Like I'm literally buying lows. I'm buying the middle of fair value gaps.
1352 |1351 |01:53:53 ~-~-> 01:53:58 |That's the low points. How can anybody argue against that? There was a comment
1353 |1352 |01:53:58 ~-~-> 01:54:04 |that was left by a guy. He said, Oh, come on, man, they make it believable,
1354 |1353 |01:54:04 ~-~-> 01:54:08 |like your every day being perfect with this. Thank you. Thank you for the
1355 |1354 |01:54:08 ~-~-> 01:54:11 |comment. I mean, apparently you didn't notice me getting stopped out a few
1356 |1355 |01:54:11 ~-~-> 01:54:16 |times. But I take that as a compliment. But that's not what he meant it as. When
1357 |1356 |01:54:16 ~-~-> 01:54:20 |your results are so good, other people can't acknowledge it or believe that
1358 |1357 |01:54:20 ~-~-> 01:54:25 |they're even real, that's the highest form of compliment. I don't look at that
1359 |1358 |01:54:25 ~-~-> 01:54:30 |and think, oh, he thinks I'm a fraud. He might think that I see him seeing my
1360 |1359 |01:54:30 ~-~-> 01:54:36 |results and my executions that are absolutely real, saying it's too good to
1361 |1360 |01:54:36 ~-~-> 01:54:43 |be true. That is the greatest compliment anybody could give to a trader, if your
1362 |1361 |01:54:43 ~-~-> 01:54:47 |results look too good to be true, then yet you keep proving it. That's
1363 |1362 |01:54:47 ~-~-> 01:54:52 |delicious. But it wasn't like that when I first started. It was a fucking train
1364 |1363 |01:54:52 ~-~-> 01:54:55 |wreck, and the train just kept backing up and rolling back over. Taught me
1365 |1364 |01:54:55 ~-~-> 01:54:59 |backing rolling back over top, and I felt like it was never going to end.
1366 |1365 |01:54:59 ~-~-> 01:55:02 |You. And I didn't have what I'm trying to provide for you as a source of
1367 |1366 |01:55:02 ~-~-> 01:55:06 |encouragement. Keep sticking to it. Okay, just keep sticking to it. You
1368 |1367 |01:55:06 ~-~-> 01:55:10 |don't need to come back to my YouTube channel. You don't need to contribute to
1369 |1368 |01:55:10 ~-~-> 01:55:14 |the ad revenue fund, okay? You don't need to do that. You already have the
1370 |1369 |01:55:14 ~-~-> 01:55:20 |videos downloaded. You know, you do. Just study them. Stick to it. Don't fall
1371 |1370 |01:55:20 ~-~-> 01:55:25 |away and think that it's not for you, because it is for you, but you're just
1372 |1371 |01:55:25 ~-~-> 01:55:29 |trying to do things that are not conducive for you to get the results,
1373 |1372 |01:55:29 ~-~-> 01:55:32 |because you cannot time your schedule. You can't schedule and time your
1374 |1373 |01:55:32 ~-~-> 01:55:36 |success. It's going to arrive right on time. It's going to make perfect sense
1375 |1374 |01:55:36 ~-~-> 01:55:41 |why it arrived when it does. And you're going to see how you not me, not anyone
1376 |1375 |01:55:41 ~-~-> 01:55:47 |else, not other things and other factors hindered you. You did, and it'll make
1377 |1376 |01:55:47 ~-~-> 01:55:52 |perfect sense, what you did that prolonged everything. Every single one
1378 |1377 |01:55:52 ~-~-> 01:55:57 |of my profitable students had the same epiphany that happens. They made it
1379 |1378 |01:55:57 ~-~-> 01:56:02 |harder themselves. Usually it's the conversations like this that triggers
1380 |1379 |01:56:02 ~-~-> 01:56:07 |them and says, You know what I am doing, those types of things. Let me try not
1381 |1380 |01:56:07 ~-~-> 01:56:14 |doing those things, and just listen. And all of a sudden, the curtain parts, and
1382 |1381 |01:56:14 ~-~-> 01:56:18 |they see the show for what it really is. They can see where the market's going to
1383 |1382 |01:56:18 ~-~-> 01:56:22 |go, and they can see their model is, in fact, there all the time, and then they
1384 |1383 |01:56:22 ~-~-> 01:56:25 |build the confidence of going in and engaging with it, and when they get the
1385 |1384 |01:56:25 ~-~-> 01:56:29 |result of being in it and getting out with a profitable move, they don't go
1386 |1385 |01:56:29 ~-~-> 01:56:33 |back in because they didn't feel good enough that that wasn't a good enough
1387 |1386 |01:56:33 ~-~-> 01:56:38 |move. I didn't make enough money. I could have made more. So what you could
1388 |1387 |01:56:38 ~-~-> 01:56:42 |have made even more money if you would have bought and sold every high and low
1389 |1388 |01:56:42 ~-~-> 01:56:46 |on an hourly chart from Sunday's opening to Friday's close, how much money did
1390 |1389 |01:56:46 ~-~-> 01:56:51 |you leave on the table? Folks, you're always leaving money on the table. It's
1391 |1390 |01:56:51 ~-~-> 01:56:57 |not realistic to think that way, but yet it's being posed as an argument in the
1392 |1391 |01:56:57 ~-~-> 01:57:00 |comment sections of my videos other people, from people that are working at
1393 |1392 |01:57:00 ~-~-> 01:57:04 |fucking Jiffy Lube on Monday, they're probably working right now listening to
1394 |1393 |01:57:04 ~-~-> 01:57:06 |this, hating my guts, because I've mentioned the fact that they're doing
1395 |1394 |01:57:06 ~-~-> 01:57:10 |Grease Monkey jaws and ain't trading. They can't trade, but they're very
1396 |1395 |01:57:10 ~-~-> 01:57:16 |opinionated in other people's stuff. You're a clown. You're a source of humor
1397 |1396 |01:57:16 ~-~-> 01:57:21 |for people that know how to do it, but for some of you that are very, very
1398 |1397 |01:57:23 ~-~-> 01:57:32 |impressionable. You let the impressions of other people make a huge alteration
1399 |1398 |01:57:32 ~-~-> 01:57:35 |to the course of action that you're trying to start with in this industry,
1400 |1399 |01:57:36 ~-~-> 01:57:43 |when 90% of this war in trading is in your head, it's a psychological battle.
1401 |1400 |01:57:44 ~-~-> 01:57:47 |You're battling it with yourself. And then once you get in the marketplace,
1402 |1401 |01:57:47 ~-~-> 01:57:54 |then you're you're on Wrestling market, and that's hard. It's real hard. If you
1403 |1402 |01:57:54 ~-~-> 01:57:57 |don't know what you're doing, and you're brand new, you have no experience.
1404 |1403 |01:57:57 ~-~-> 01:58:00 |You've never been here before. Every little, tiny fluctuation, one tick
1405 |1404 |01:58:01 ~-~-> 01:58:04 |against your entry feels like the beginning of a run on your stop. And
1406 |1405 |01:58:04 ~-~-> 01:58:11 |that's not what it's like when you're thinking like I'm teaching you, I trust
1407 |1406 |01:58:11 ~-~-> 01:58:16 |my model. If it goes to my stop, I place my stop incorrectly, and I'm okay with
1408 |1407 |01:58:16 ~-~-> 01:58:19 |that. I know the likelihood of my next trade is going to be just as well as the
1409 |1408 |01:58:19 ~-~-> 01:58:25 |one I just entered. It's not diminishing. The efficacy of my models
1410 |1409 |01:58:25 ~-~-> 01:58:32 |are not diminishing. They're constant. Your appreciation for those models and
1411 |1410 |01:58:32 ~-~-> 01:58:36 |approaches are on the upslope. You're at the beginning of your journey. And I
1412 |1411 |01:58:36 ~-~-> 01:58:37 |envy all of you.
1413 |1412 |01:58:39 ~-~-> 01:58:44 |I envy all of you, I miss those moments of astonishment where I would see
1414 |1413 |01:58:44 ~-~-> 01:58:48 |something and I'm like, Okay, this is what it should do, and let's see what
1415 |1414 |01:58:48 ~-~-> 01:58:52 |happens. And it delivers perfectly to the tick. And then you're looking around
1416 |1415 |01:58:52 ~-~-> 01:58:58 |the room like, am I supposed to know this? Like you're expecting the black
1417 |1416 |01:58:58 ~-~-> 01:59:01 |suits to show up in front of your house, a helicopter landing in your backyard,
1418 |1417 |01:59:01 ~-~-> 01:59:08 |like you're coming with us. You know, those moments of astonishment are
1419 |1418 |01:59:08 ~-~-> 01:59:13 |amazing, those epiphanies, those those moments where the veil is lifted and you
1420 |1419 |01:59:13 ~-~-> 01:59:20 |see the market as it really is in binary form. You know, Neo finally understands
1421 |1420 |01:59:20 ~-~-> 01:59:24 |who he is and where he's at. He doesn't see the people in front of him throwing
1422 |1421 |01:59:24 ~-~-> 01:59:29 |punches. It's just zeros and ones, and all he has to do is this is what his
1423 |1422 |01:59:30 ~-~-> 01:59:32 |response is going to be, and he knows what they're going to do before they do
1424 |1423 |01:59:32 ~-~-> 01:59:40 |it. That's a macro that's a macro manual intervention. When you see the black cat
1425 |1424 |01:59:40 ~-~-> 01:59:45 |glitch, and it's deja vu. Okay, there's so many similarities and analogies that
1426 |1425 |01:59:45 ~-~-> 01:59:50 |could be made with that movie, because we do live in a simulation. Everything
1427 |1426 |01:59:50 ~-~-> 01:59:56 |that's around us is pre, pre programmed and and scripted. And I could go a long
1428 |1427 |01:59:56 ~-~-> 01:59:58 |direction, off course with this, and probably get myself in trouble on
1429 |1428 |01:59:58 ~-~-> 02:00:03 |YouTube, but we're gonna we're. I leave that for another day in another medium.
1430 |1429 |02:00:03 ~-~-> 02:00:13 |But the idea is, in closing, you need to guard your mind. You need to do the very
1431 |1430 |02:00:13 ~-~-> 02:00:18 |least in the beginning, because if you can't get experience or growth or
1432 |1431 |02:00:18 ~-~-> 02:00:26 |progress measured in any capacity, with the least amount of exposure to risk. It
1433 |1432 |02:00:26 ~-~-> 02:00:30 |matters not how much more risk you can accumulate. What's the difference is, is
1434 |1433 |02:00:30 ~-~-> 02:00:36 |if you have 15 contracts on, or if you have one micro lot on, if you're wrong
1435 |1434 |02:00:36 ~-~-> 02:00:39 |about what you're trying to do in the marketplace, the market's going to show
1436 |1435 |02:00:39 ~-~-> 02:00:46 |you do you need the maximum pain, the mask, the maximum expense, the maximum
1437 |1436 |02:00:46 ~-~-> 02:00:50 |discomfort, for you to appreciate that you're not following the model
1438 |1437 |02:00:50 ~-~-> 02:00:56 |correctly. Because some of you, you're full of shit when you say, I got to
1439 |1438 |02:00:56 ~-~-> 02:00:59 |learn how to trade with real money. That's the only way I can learn how to
1440 |1439 |02:00:59 ~-~-> 02:01:04 |trade. No what you're doing is you're saying that I'm a fucking idiot. Please
1441 |1440 |02:01:04 ~-~-> 02:01:08 |beat me over the head with a stupid stick, because I don't know enough to
1442 |1441 |02:01:08 ~-~-> 02:01:12 |know that I can do this without any harm to myself, without any financial risk,
1443 |1442 |02:01:12 ~-~-> 02:01:15 |without any kind of hardships that's going to cause me to second guess my own
1444 |1443 |02:01:15 ~-~-> 02:01:20 |ability because of the fear of being wrong associated with money. That's the
1445 |1444 |02:01:20 ~-~-> 02:01:24 |reality books aren't going to teach you that way. Mentors aren't going to teach
1446 |1445 |02:01:24 ~-~-> 02:01:32 |you that way. It's sugar free as it should be. You want it to taste sweet
1447 |1446 |02:01:32 ~-~-> 02:01:38 |like honey, and sugar is a disease causer. The more you can cut sugar out
1448 |1447 |02:01:38 ~-~-> 02:01:43 |of your diet, the best you're going to have in terms of health, the same way
1449 |1448 |02:01:43 ~-~-> 02:01:48 |with trading you want meat and potatoes, baby meat and fucking potatoes. That's
1450 |1449 |02:01:48 ~-~-> 02:01:55 |it, because whatever you can do with the least, if you have a measurable outcome
1451 |1450 |02:01:55 ~-~-> 02:01:59 |that is more times than not delivered to you based on a model that you're working
1452 |1451 |02:01:59 ~-~-> 02:02:04 |with, when you do that same procedure over and over again, just like a cookie
1453 |1452 |02:02:04 ~-~-> 02:02:08 |cutter, you take it and you press it into the dough. Are you expecting a star
1454 |1453 |02:02:08 ~-~-> 02:02:14 |shaped cookie dough cutter to give you a shape of a circle or a square? No, it's
1455 |1454 |02:02:14 ~-~-> 02:02:18 |designed to do one thing. You press it into the dough, you lift it up. There
1456 |1455 |02:02:18 ~-~-> 02:02:23 |you have a piece of dough that's cut out in the form of a star. Wonderful. Are
1457 |1456 |02:02:23 ~-~-> 02:02:28 |you trying to do something else outside of that? No, your job is to find another
1458 |1457 |02:02:28 ~-~-> 02:02:33 |place where you can find a dough, which is a trade setup, and you can press your
1459 |1458 |02:02:33 ~-~-> 02:02:37 |cookie cutter, which is your mold or your model, rather, press it into that
1460 |1459 |02:02:37 ~-~-> 02:02:42 |dough and pull it out, and you take home that star shaped, or whatever the shape
1461 |1460 |02:02:42 ~-~-> 02:02:45 |of that cookie cutter is, whatever your model is, if it's the optimal trade
1462 |1461 |02:02:45 ~-~-> 02:02:52 |entry, if it's the silver bullet, if it's you anything else, that's all
1463 |1462 |02:02:52 ~-~-> 02:02:58 |you're there to do, and demanding it does anything more than that is
1464 |1463 |02:02:58 ~-~-> 02:03:03 |foolishness. The results that you get from the least amount of leverage from
1465 |1464 |02:03:03 ~-~-> 02:03:09 |that is irrelevant in the beginning, because you have to get to the point
1466 |1465 |02:03:09 ~-~-> 02:03:12 |where you can replicate that over and over and over again, more times than
1467 |1466 |02:03:12 ~-~-> 02:03:17 |not, over the course of a month, over course of a week, and taking that sample
1468 |1467 |02:03:17 ~-~-> 02:03:22 |set and saying, Okay, I have done This for a week, and this is the many
1469 |1468 |02:03:22 ~-~-> 02:03:25 |transactions I've taken. This is how many that were profitable. This is how
1470 |1469 |02:03:25 ~-~-> 02:03:30 |many times that were not profitable. This is how much I was able to yield as
1471 |1470 |02:03:30 ~-~-> 02:03:37 |a net return. Over time, it'll become easier to do it. That's the goal. And
1472 |1471 |02:03:37 ~-~-> 02:03:44 |you want it to be boring, you know, you know, on Wednesday morning of next week,
1473 |1472 |02:03:44 ~-~-> 02:03:47 |you're going to go out there and you're going to find 10 handles in s, p, you
1474 |1473 |02:03:47 ~-~-> 02:03:52 |know you're going to find 30 handles in the NASDAQ. I know that. I absolutely
1475 |1474 |02:03:52 ~-~-> 02:03:55 |fucking know I'm going to do that. I know I'm going to be able to do that. I
1476 |1475 |02:03:55 ~-~-> 02:04:00 |can do that. I know tonight, when I lay my head down, that my my thought is not
1477 |1476 |02:04:00 ~-~-> 02:04:03 |going to be swirling around. Am I going to be able to trade next week? Am I
1478 |1477 |02:04:03 ~-~-> 02:04:07 |going to be able to pull anything off? Am I going to be able to find a setup?
1479 |1478 |02:04:07 ~-~-> 02:04:13 |It's a given. It's absolutely given. I'm not worried about that. That is
1480 |1479 |02:04:13 ~-~-> 02:04:19 |confidence that you cannot depreciate until you have it. And most traders
1481 |1480 |02:04:19 ~-~-> 02:04:23 |don't have it, even if they are profitable there, they still say to the
1482 |1481 |02:04:23 ~-~-> 02:04:28 |markets, random, it is random. If you're believing the bullshit you're trying to
1483 |1482 |02:04:28 ~-~-> 02:04:31 |trade off of all these things that you're subscribing to as a religion.
1484 |1483 |02:04:33 ~-~-> 02:04:37 |Elliot, wave white, cough, it's this. It's jumping the creek. It's this, you
1485 |1484 |02:04:37 ~-~-> 02:04:43 |know, this wave count. Man, if I had to trade like that, I would not be able to
1486 |1485 |02:04:43 ~-~-> 02:04:48 |sleep at night. That's too many variables, too many variables where I'm
1487 |1486 |02:04:48 ~-~-> 02:04:52 |trading on constant. I know where the liquidity is. I know where the
1488 |1487 |02:04:52 ~-~-> 02:04:56 |inefficiencies are. I know what the economic counter is going to produce a
1489 |1488 |02:04:56 ~-~-> 02:05:03 |injection of volatility at a specific date and time. You. I'm not I'm not
1490 |1489 |02:05:03 ~-~-> 02:05:08 |clueless, I'm not confused. I know exactly when I'm gonna step my ass in
1491 |1490 |02:05:08 ~-~-> 02:05:12 |there and tap dance all over this shit and moon walk my ass out the door with a
1492 |1491 |02:05:12 ~-~-> 02:05:17 |bounty. I'm gonna do that anytime I fucking want. And when you learn how to
1493 |1492 |02:05:17 ~-~-> 02:05:22 |do it, you'll do the same thing. It's confidence that you cannot appreciate
1494 |1493 |02:05:22 ~-~-> 02:05:30 |until you have it in the hands of weaker men and ladies, you'll be a prick like I
1495 |1494 |02:05:30 ~-~-> 02:05:35 |was on American wine when I finally got it, I was an asshole. You think I'm an
1496 |1495 |02:05:35 ~-~-> 02:05:40 |asshole now? No, I was bragging. I was really bragging all the time. I'm just
1497 |1496 |02:05:40 ~-~-> 02:05:43 |spitting facts right now, and I'm bringing receipts every single day, but
1498 |1497 |02:05:44 ~-~-> 02:05:48 |you don't want to accept it because you can't do it yet, and you think it should
1499 |1498 |02:05:48 ~-~-> 02:05:51 |have happened to you because you watch a few videos, or you scribble some
1500 |1499 |02:05:51 ~-~-> 02:05:56 |bullshit on a notepad or a napkin at work, and you think that you've been
1501 |1500 |02:05:56 ~-~-> 02:06:00 |journaling. That's not That's not a real attempt at doing it. You're half assing
1502 |1501 |02:06:00 ~-~-> 02:06:03 |it. If you're half assing it, don't be surprised when you get half assed
1503 |1502 |02:06:03 ~-~-> 02:06:08 |results. When you make it your business, that this is your career, you are
1504 |1503 |02:06:08 ~-~-> 02:06:15 |learning how to operate and run a business. What is it you incorporated?
1505 |1504 |02:06:15 ~-~-> 02:06:21 |You incorporated because trading opens up so many more opportunities than just
1506 |1505 |02:06:21 ~-~-> 02:06:25 |getting funded, getting paid out, getting in an account with real money in
1507 |1506 |02:06:25 ~-~-> 02:06:31 |it and taking withdrawals from it. If that's all you see in trading, wow, what
1508 |1507 |02:06:31 ~-~-> 02:06:39 |a myopic view you have. So many ways to turn this into a enterprise like I could
1509 |1508 |02:06:40 ~-~-> 02:06:47 |look at the look at the level I am right now. Okay, no advertising all word of
1510 |1509 |02:06:47 ~-~-> 02:06:53 |mouth, and I'm not even selling anything anymore. Any one of you right now would
1511 |1510 |02:06:53 ~-~-> 02:06:58 |love to be where I'm at, and you would be pushing it, maximizing it, squeezing
1512 |1511 |02:06:58 ~-~-> 02:07:06 |every drop out of the the level of attention, it's only right now, imagine
1513 |1512 |02:07:06 ~-~-> 02:07:14 |if you had that with real skill. All I'm trying to do is inspire you to do that.
1514 |1513 |02:07:16 ~-~-> 02:07:22 |Just do that and apply it to everything you do in life. You'll never run into
1515 |1514 |02:07:22 ~-~-> 02:07:28 |money, you'll never feel any kind of anxiety. You'll never have second doubts
1516 |1515 |02:07:28 ~-~-> 02:07:32 |about what you're going to be able to accomplish. You won't see any ceiling at
1517 |1516 |02:07:32 ~-~-> 02:07:38 |all. No ceiling. Anytime. I want to walk out in any given time and start making
1518 |1517 |02:07:38 ~-~-> 02:07:41 |millions of dollars, I can do it, and I don't need to be trading a market to do
1519 |1518 |02:07:41 ~-~-> 02:07:45 |it either. I can make millions in the trading market. I can make money in
1520 |1519 |02:07:45 ~-~-> 02:07:48 |millions of dollars marketing myself as an educator. I could go out and write
1521 |1520 |02:07:48 ~-~-> 02:07:52 |books. I can go out and make courses. I can do signal services. I can go around
1522 |1521 |02:07:52 ~-~-> 02:07:58 |do teaching circuits. I can be hired on by companies that are asking me every
1523 |1522 |02:07:58 ~-~-> 02:08:07 |fucking week, please train our analysts. No who's in a seat of control. Here I
1524 |1523 |02:08:07 ~-~-> 02:08:12 |am. When you're comfortable with what you have and you don't need anymore,
1525 |1524 |02:08:13 ~-~-> 02:08:16 |that's a feeling none of you can understand. I don't ever need to trade.
1526 |1525 |02:08:16 ~-~-> 02:08:20 |I don't ever need to make any more money doing anything. I'm completely
1527 |1526 |02:08:20 ~-~-> 02:08:28 |comfortable. My family is set that's what you want to be able to do for your
1528 |1527 |02:08:28 ~-~-> 02:08:33 |family. You want to be able to lock it down, set it up where it's residual
1529 |1528 |02:08:33 ~-~-> 02:08:33 |wealth,
1530 |1529 |02:08:34 ~-~-> 02:08:41 |legacy wealth. But I hold my children to a higher degree of responsibility, while
1531 |1530 |02:08:41 ~-~-> 02:08:45 |they could easily just have money thrown in their hands, and I've done this, and
1532 |1531 |02:08:45 ~-~-> 02:08:48 |they've recklessly spent it. They've done stupid shit with it, put it in
1533 |1532 |02:08:48 ~-~-> 02:08:54 |fucking cryptocurrency and whatnot, and lost it with JDS brokers their wallet.
1534 |1533 |02:08:54 ~-~-> 02:08:58 |Something didn't happen. They can't get their money. Some other crypto went to
1535 |1534 |02:08:58 ~-~-> 02:09:08 |zilch, zero. Hey, shit happens, but I make them work. I want them to know what
1536 |1535 |02:09:08 ~-~-> 02:09:12 |it feels like, because if I just give them money, and they've never tasted
1537 |1536 |02:09:12 ~-~-> 02:09:18 |what it's like for everyone else to like it was for me, I had to work and part
1538 |1537 |02:09:18 ~-~-> 02:09:22 |time jobs on top of it, when I was replenishing the money I blew in those
1539 |1538 |02:09:22 ~-~-> 02:09:28 |accounts, I had to work a secondary job to get it. It took a lot to be able to
1540 |1539 |02:09:28 ~-~-> 02:09:33 |get that money back in there just to do it again. But I didn't lose hope. I was
1541 |1540 |02:09:33 ~-~-> 02:09:36 |cussing, right? Never even the whole time I had to do it, wanting to quit the
1542 |1541 |02:09:36 ~-~-> 02:09:41 |extra job I was working, but I knew, unless I did this, nothing's going to
1543 |1542 |02:09:41 ~-~-> 02:09:46 |change. Nothing is going to change unless you put your feet to the ground
1544 |1543 |02:09:46 ~-~-> 02:09:51 |and say, I'm digging my heels in. I know it's going to be hard. I know I'm going
1545 |1544 |02:09:51 ~-~-> 02:09:55 |to have pushback. I know it's going to be requiring me to put time into it.
1546 |1545 |02:09:55 ~-~-> 02:09:58 |When all my friends are out there running around and clubbing and doing
1547 |1546 |02:09:58 ~-~-> 02:10:01 |this and chasing tail and doing this. Doing that and drinking, having fun on
1548 |1547 |02:10:01 ~-~-> 02:10:04 |the weekends, knowing I'm gonna be in these charts, studying, I'm gonna be
1549 |1548 |02:10:04 ~-~-> 02:10:09 |living my life differently, but they're still gonna be out there trying to chase
1550 |1549 |02:10:09 ~-~-> 02:10:14 |tail broke as fuck, driving a beer fucking car. Ain't doing shit in their
1551 |1550 |02:10:14 ~-~-> 02:10:21 |life, and you'll be able to pull down annual fucking salaries on a week you
1552 |1551 |02:10:21 ~-~-> 02:10:26 |can't even imagine where you're going to be. You can't even imagine it. Whatever
1553 |1552 |02:10:26 ~-~-> 02:10:31 |you think, whatever you think is your level of success, it's not big enough.
1554 |1553 |02:10:33 ~-~-> 02:10:38 |It's not big enough. You have no idea. When you strip all these limitations
1555 |1554 |02:10:38 ~-~-> 02:10:42 |that you put on yourself, you shackle yourself with your own mindset. You do
1556 |1555 |02:10:42 ~-~-> 02:10:47 |it. This is all I can see myself doing right now. When you start making
1557 |1556 |02:10:47 ~-~-> 02:10:51 |$100,000 a year, you start thinking yourself, Well, shit, that wasn't all
1558 |1557 |02:10:51 ~-~-> 02:10:55 |that hard. I found it really hard. Well, now I'm gonna aim for $500,000 and the
1559 |1558 |02:10:55 ~-~-> 02:10:58 |attempts that you do to do that, you get there in less than half the time. You
1560 |1559 |02:10:59 ~-~-> 02:11:02 |start thinking, Well, shit. They say the first million dollars is the hardest
1561 |1560 |02:11:02 ~-~-> 02:11:06 |one. I'm about there, boom, a couple of months, and then you're there. Then you
1562 |1561 |02:11:06 ~-~-> 02:11:09 |look back and say, a million dollars isn't all that much money. And yeah, it
1563 |1562 |02:11:09 ~-~-> 02:11:12 |took some effort, but it didn't take as much effort I thought it was gonna take.
1564 |1563 |02:11:12 ~-~-> 02:11:19 |And then you start making 5 million, 10 million, 15 million, 50 million, and I'm
1565 |1564 |02:11:19 ~-~-> 02:11:23 |talking in numbers now you can fucking comprehend but it is what it is, folks.
1566 |1565 |02:11:23 ~-~-> 02:11:27 |It's just math. It's just math. You're compounding the efforts of what you're
1567 |1566 |02:11:27 ~-~-> 02:11:33 |able to do on the smallest form and that little cookie cutter mold that I'm gonna
1568 |1567 |02:11:33 ~-~-> 02:11:37 |find five handles in the s, p to begin with, and I'm gonna let it grow to I can
1569 |1568 |02:11:37 ~-~-> 02:11:43 |start doing eat and in 10, or start with 20 and NASDAQ and work towards 30 and 40
1570 |1569 |02:11:43 ~-~-> 02:11:48 |to 50. You only got to do them a few times a week, folks. And as your equity
1571 |1570 |02:11:48 ~-~-> 02:11:53 |increases, you can afford to do more contracts. That compounds, and you keep
1572 |1571 |02:11:53 ~-~-> 02:11:57 |adding it more and more and more. But the level of risk is always the same.
1573 |1572 |02:11:57 ~-~-> 02:12:01 |Whatever you associate in terms of your risk, I'm not going to risk more than 1%
1574 |1573 |02:12:01 ~-~-> 02:12:06 |but I can't get rich trading with 1% bullshit. You can get rich trading with
1575 |1574 |02:12:06 ~-~-> 02:12:12 |one quarter of 1% you have to submit the time. None of you want to do that part,
1576 |1575 |02:12:13 ~-~-> 02:12:16 |but that's the part you have to submit to. That's the first thing I submitted
1577 |1576 |02:12:16 ~-~-> 02:12:21 |to when I first started trading. I had a 20 year plan. Imagine me writing a book
1578 |1577 |02:12:22 ~-~-> 02:12:28 |how to be successful and retire 20 years as a trader. Nobody's buying that book
1579 |1578 |02:12:28 ~-~-> 02:12:32 |now in the 80s and the 90s, that would have been a great title, because
1580 |1579 |02:12:32 ~-~-> 02:12:35 |everything was around. What for younger folks. You ain't gonna know this, but it
1581 |1580 |02:12:35 ~-~-> 02:12:40 |was all mutual fund. It was when mutual funds and infidel, infidelity, fidelity,
1582 |1581 |02:12:40 ~-~-> 02:12:44 |everybody was trying to get people to invest in these mutual funds, and they
1583 |1582 |02:12:44 ~-~-> 02:12:49 |were projecting, this is what you should do. Average is 12% return on stocks over
1584 |1583 |02:12:49 ~-~-> 02:12:52 |the course of the years. You put this much money in your money can compound.
1585 |1584 |02:12:52 ~-~-> 02:12:56 |You'll have a million dollars by the time you're whatever. So I was like,
1586 |1585 |02:12:56 ~-~-> 02:13:03 |Well, shit, if I can make 12% in a mutual fund a year, what happens if I
1587 |1586 |02:13:03 ~-~-> 02:13:10 |start making 12% a month? And then what happens when I start making 12% every
1588 |1587 |02:13:10 ~-~-> 02:13:16 |two weeks? And then what happens if I make 12% a week? And what happens if I
1589 |1588 |02:13:16 ~-~-> 02:13:23 |can compound my efforts and find trades that yield 12% in the same day.
1590 |1589 |02:13:24 ~-~-> 02:13:28 |Suddenly, all these big numbers that were fearful for me as even
1591 |1590 |02:13:28 ~-~-> 02:13:35 |contemplating as realistic ever to reach for they became reachable because I'm
1592 |1591 |02:13:35 ~-~-> 02:13:41 |not increasing the level of effort in my trades. All I need is the setup, and as
1593 |1592 |02:13:41 ~-~-> 02:13:45 |the equity increases in the baseline is whatever it is at the time, it's 100,200
1594 |1593 |02:13:46 ~-~-> 02:13:51 |50,000 500,000 million dollar account, whatever that is, the risk percentage is
1595 |1594 |02:13:51 ~-~-> 02:13:55 |never increasing. So whatever you've adopted as your model is, this is what
1596 |1595 |02:13:55 ~-~-> 02:13:59 |I'm going to risk. It's going to be 1% or less. It's going to be a half
1597 |1596 |02:13:59 ~-~-> 02:14:02 |percent. It's going to be one quarter percent. You're trying to tell me you're
1598 |1597 |02:14:02 ~-~-> 02:14:07 |not satisfied risking one quarter of 1% of a million dollars if you have that in
1599 |1598 |02:14:07 ~-~-> 02:14:13 |your trading, okay, it's real money, not funded, bullshit. It's real money, and
1600 |1599 |02:14:13 ~-~-> 02:14:20 |you're able to take down a setup that yields five to eight to 10 times what
1601 |1600 |02:14:20 ~-~-> 02:14:26 |you're risking, really, you don't, you don't think that that's a good living,
1602 |1601 |02:14:27 ~-~-> 02:14:38 |50 fucking grand a week. You can't get rich. You're fucking great. That's rich.
1603 |1602 |02:14:38 ~-~-> 02:14:42 |You don't know what the fuck you're talking about. You failed math. But you
1604 |1603 |02:14:42 ~-~-> 02:14:50 |have to give yourself time. You gotta let it build up. And as you grow, and
1605 |1604 |02:14:50 ~-~-> 02:14:54 |you put more things into operation, where you're running a business, and you
1606 |1605 |02:14:54 ~-~-> 02:14:59 |start milking social media, and then if you put your presence online, where you
1607 |1606 |02:14:59 ~-~-> 02:15:03 |can. Monetize that as well, then you get best, the best tax treatment there is.
1608 |1607 |02:15:04 ~-~-> 02:15:08 |You can drive all these big, fancy cars and lease them and laugh at people and
1609 |1608 |02:15:08 ~-~-> 02:15:12 |say, Oh, it's a lease, yeah, I'm getting paid to drive it, fucker. Enjoy riding
1610 |1609 |02:15:12 ~-~-> 02:15:16 |around your beater ass fucking pickup truck. It's 15 years old, dusty ass shit
1611 |1610 |02:15:16 ~-~-> 02:15:19 |with McDonald's french fries that ain't even fucking decomposed yet, sitting
1612 |1611 |02:15:19 ~-~-> 02:15:22 |back here talking about some Oh, you know, you drive around on these car,
1613 |1612 |02:15:22 ~-~-> 02:15:26 |bitch, get out of here. My cars cost more than your fucking house. Get the
1614 |1613 |02:15:26 ~-~-> 02:15:30 |fuck out of here. With your bullshit. These people will try to tear you down
1615 |1614 |02:15:30 ~-~-> 02:15:34 |all the time. And the more success you have, the more success that you share.
1616 |1615 |02:15:34 ~-~-> 02:15:37 |There are more of them gonna come at you. They're gonna live your life
1617 |1616 |02:15:37 ~-~-> 02:15:40 |worrying about what they're gonna say about you. Fuck these people. They are
1618 |1617 |02:15:40 ~-~-> 02:15:43 |losers. The fact that they're spending their time talking about you, they're
1619 |1618 |02:15:43 ~-~-> 02:15:47 |fucking showing you they're losers. Nobody that has success spends any time
1620 |1619 |02:15:47 ~-~-> 02:15:52 |talking about somebody else. Nobody does. Nobody has time talking about that
1621 |1620 |02:15:52 ~-~-> 02:15:58 |shit. You keep your business minded by you. You mind your own business. Nobody
1622 |1621 |02:15:58 ~-~-> 02:16:02 |else is gonna mind it. You do it and you stay at everybody else's business. You
1623 |1622 |02:16:02 ~-~-> 02:16:08 |keep your head in the charts, you keep building understanding yourself. Where
1624 |1623 |02:16:08 ~-~-> 02:16:12 |you make mistakes. Where do you fear? What do you get anxious about? What do
1625 |1624 |02:16:12 ~-~-> 02:16:18 |you get too overzealous about? Prematurely or overconfident? Because
1626 |1625 |02:16:18 ~-~-> 02:16:25 |there's a real thing like that. I to identify those things. They're going to
1627 |1626 |02:16:25 ~-~-> 02:16:30 |help you prune that tree, that money tree that you're growing into a money
1628 |1627 |02:16:30 ~-~-> 02:16:37 |tree. I'm a money making dynamite. I can walk out these fucking doors. I could
1629 |1628 |02:16:37 ~-~-> 02:16:44 |lose everything. I could literally lose every fucking thing, and I could start
1630 |1629 |02:16:45 ~-~-> 02:16:50 |with zero money in my fucking pocket, and in 12 months be a multi millionaire
1631 |1630 |02:16:50 ~-~-> 02:16:57 |again. Do you feel that confident about yourself? Because everything I talked
1632 |1631 |02:16:57 ~-~-> 02:17:04 |about in this presentation today, it all leans on having one skill set. I could
1633 |1632 |02:17:04 ~-~-> 02:17:09 |be bred, I could be broke as fuck, and I can sit down with people and say, look,
1634 |1633 |02:17:12 ~-~-> 02:17:16 |let's come together. I'm going to prove to you that I can do this. Okay? I'm
1635 |1634 |02:17:17 ~-~-> 02:17:24 |going to prove to you that this can be made with real money. I don't have the
1636 |1635 |02:17:24 ~-~-> 02:17:27 |money to give to you right now to contribute, but I had the skill set.
1637 |1636 |02:17:28 ~-~-> 02:17:31 |Okay, I'm gonna pull back the veil and tell you what I was doing my younger
1638 |1637 |02:17:31 ~-~-> 02:17:37 |years, when I got a married woman pregnant. I had to do this very thing. I
1639 |1638 |02:17:37 ~-~-> 02:17:43 |had to be on the radar. I had friends that knew, friends and family that had
1640 |1639 |02:17:43 ~-~-> 02:17:48 |money. That's how it worked. So because I couldn't sit down and put money in a
1641 |1640 |02:17:48 ~-~-> 02:17:51 |brokerage firm, because this one was trying to get my back pocket all the
1642 |1641 |02:17:52 ~-~-> 02:17:59 |time, so I worked menial jobs. I did those things to keep a gold digger from
1643 |1642 |02:17:59 ~-~-> 02:18:05 |my bucket my back pocket. I did that. I promised her when we went to court, I
1644 |1643 |02:18:05 ~-~-> 02:18:08 |said, you won't see a fucking penny, and I had joined custody. So for the people
1645 |1644 |02:18:08 ~-~-> 02:18:12 |saying I was a deadbeat dad, I had him every day of the week, except for one
1646 |1645 |02:18:12 ~-~-> 02:18:19 |night Thursday, when you broadcast you have lots of money. You invite that kind
1647 |1646 |02:18:19 ~-~-> 02:18:23 |of shit. And some of you young men literally are asking for the biggest
1648 |1647 |02:18:23 ~-~-> 02:18:24 |fucking shock of your life.
1649 |1648 |02:18:32 ~-~-> 02:18:37 |My cousin owns a business. He does real well. He wants to talk to you, okay,
1650 |1649 |02:18:39 ~-~-> 02:18:44 |show me what it's going to do on this. All right. This, this, this, this, this,
1651 |1650 |02:18:44 ~-~-> 02:18:48 |damn, do it again tomorrow. All right, it's going to do this, this, this, this,
1652 |1651 |02:18:48 ~-~-> 02:18:54 |this, this, how could I how much money if I made there? 20 grand? What? Yep,
1653 |1652 |02:18:55 ~-~-> 02:19:04 |what's the split? I get 15% and help anytime I need it. And that's what I was
1654 |1653 |02:19:04 ~-~-> 02:19:10 |doing. That's exactly what the fuck I was doing. And I had everything I ever
1655 |1654 |02:19:10 ~-~-> 02:19:17 |wanted. I had money all the time. I had so many friends and resources and more
1656 |1655 |02:19:17 ~-~-> 02:19:23 |people constantly coming up. And I was scratching their back, they were
1657 |1656 |02:19:23 ~-~-> 02:19:30 |scratching mine. They were giving me gifts. Okay, so when people talk shit
1658 |1657 |02:19:30 ~-~-> 02:19:34 |about you and tear you down and think that they're winning, and you laugh at
1659 |1658 |02:19:34 ~-~-> 02:19:39 |them because you beat every fucking obstacle that was placed in front of
1660 |1659 |02:19:40 ~-~-> 02:19:46 |you, who's really laughing loudest? There's always going to be someone in
1661 |1660 |02:19:46 ~-~-> 02:19:50 |your family, your friends, that's going to deny and say you can't do this.
1662 |1661 |02:19:50 ~-~-> 02:19:54 |They're going to tell you, don't bake don't waste your time doing it. Don't
1663 |1662 |02:19:54 ~-~-> 02:19:57 |try, don't even bother trying. You're going to fail. You're going to fail.
1664 |1663 |02:19:57 ~-~-> 02:20:03 |You're going to fail. That's the enemy talking. You. That is something that's
1665 |1664 |02:20:03 ~-~-> 02:20:08 |trying to steal your future legacy that's literally being laid in front of
1666 |1665 |02:20:08 ~-~-> 02:20:11 |you. If it's your first time you ever listen to me, it's being laid in front
1667 |1666 |02:20:11 ~-~-> 02:20:16 |of you right now. And I guarantee you, if you make the mistake of talking about
1668 |1667 |02:20:16 ~-~-> 02:20:19 |to somebody else, friend or family, they're going to give you 15 fucking
1669 |1668 |02:20:19 ~-~-> 02:20:24 |reasons why you shouldn't do it. And ain't them telling you that it's the
1670 |1669 |02:20:24 ~-~-> 02:20:34 |enemy, steal, kill, destroy, that's what they do. And if you believe them, that's
1671 |1670 |02:20:34 ~-~-> 02:20:44 |unfortunate, because you can do this. You absolutely can do it. There's so
1672 |1671 |02:20:44 ~-~-> 02:20:48 |many people now that's came forward and says, This is what I use, and this is
1673 |1672 |02:20:48 ~-~-> 02:20:52 |what it's working for me. And you believe what you want to believe, but
1674 |1673 |02:20:52 ~-~-> 02:20:57 |I'm making money. And here's the proof. Here's the evidence of it. I promised
1675 |1674 |02:20:57 ~-~-> 02:21:00 |you two years ago I was going to bring the receipts, and here they are. But how
1676 |1675 |02:21:01 ~-~-> 02:21:06 |many people are out there saying, you know, this is it. I found my way. I
1677 |1676 |02:21:06 ~-~-> 02:21:11 |don't fear losing my job. I don't fear another pandemic. I don't fear
1678 |1677 |02:21:11 ~-~-> 02:21:16 |inflation. I don't give a shit what gas cost. I could care less what gasoline
1679 |1678 |02:21:16 ~-~-> 02:21:20 |cost. I have eight cylinder engines. I'm not going to size down. I will pay their
1680 |1679 |02:21:20 ~-~-> 02:21:26 |small tax. I don't give a fuck. None of that bothers me. None of that's a
1681 |1680 |02:21:26 ~-~-> 02:21:32 |deterrent to how I'm going to spend my money. That is a living experience that
1682 |1681 |02:21:32 ~-~-> 02:21:37 |I want all of you to have. I want you to all look at things and say, You know
1683 |1682 |02:21:37 ~-~-> 02:21:43 |what? I don't fear what things cost. I don't fear inflation, because you'll
1684 |1683 |02:21:43 ~-~-> 02:21:50 |always outpace it. When you're a student that goes through college and you have a
1685 |1684 |02:21:50 ~-~-> 02:21:57 |college education, inflation still a factor to you. Oh, well, you you don't
1686 |1685 |02:21:57 ~-~-> 02:22:02 |understand. House prices are too high. I know I paid over $2 million for this
1687 |1686 |02:22:02 ~-~-> 02:22:07 |house I paid too much money. Every house is inflated right now you're not going
1688 |1687 |02:22:07 ~-~-> 02:22:10 |to have a house because it's too, too expensive. You gotta have a place to
1689 |1688 |02:22:10 ~-~-> 02:22:15 |live, right? I don't give a shit, because I know all the things I'm doing
1690 |1689 |02:22:15 ~-~-> 02:22:21 |elsewhere are offsetting whatever I spent on this. I got a free RV,
1691 |1690 |02:22:21 ~-~-> 02:22:26 |basically for $300,000 it takes me about six years or so, and it'll be
1692 |1691 |02:22:26 ~-~-> 02:22:31 |depreciated. That's all being taken away from my taxable income, all my cars,
1693 |1692 |02:22:32 ~-~-> 02:22:36 |except for one family vehicle. I always had a car that was considered the family
1694 |1693 |02:22:36 ~-~-> 02:22:44 |vehicle, but I've always had company cars every gasoline intake that I put in
1695 |1694 |02:22:44 ~-~-> 02:22:50 |those except for my family car, is 100% right off when I buy food at a
1696 |1695 |02:22:50 ~-~-> 02:22:54 |restaurant. It used to be you had to talk about business, but they did away
1697 |1696 |02:22:54 ~-~-> 02:22:57 |with that. Now it's not like that anymore, but 50% of whatever you spend
1698 |1697 |02:22:57 ~-~-> 02:23:01 |in food look how much food costs if you go through a restaurant, say you go to,
1699 |1698 |02:23:01 ~-~-> 02:23:07 |uh, go to a Ruth. Chris, okay, have yourself a nice meal, nice crab cake,
1700 |1699 |02:23:07 ~-~-> 02:23:14 |nice steak or whatever. You can't not spend at least 200 some dollars. Well,
1701 |1700 |02:23:14 ~-~-> 02:23:19 |you're beat out of six of 200 hours plus the the chat, the tip, if you want to
1702 |1701 |02:23:19 ~-~-> 02:23:23 |give it, some people don't like the tip, which I think is ignorant, but it is
1703 |1702 |02:23:23 ~-~-> 02:23:29 |what it is. You're You're beat out of that money. Whenever I spend money, half
1704 |1703 |02:23:29 ~-~-> 02:23:36 |of whatever I spend is deducted from whatever my taxable income is when I go
1705 |1704 |02:23:36 ~-~-> 02:23:43 |on vacations, when I when I buy things like my computer, all of peripherals
1706 |1705 |02:23:43 ~-~-> 02:23:49 |that go for my computer All right off. So when I buy stuff, I buy the highest
1707 |1706 |02:23:49 ~-~-> 02:23:55 |in everything. I want the maximum benefit of having the best and I want
1708 |1707 |02:23:55 ~-~-> 02:23:59 |the maximum write off see. When you're an employee working for a company,
1709 |1708 |02:24:00 ~-~-> 02:24:03 |you're looking for what you can afford because you're getting beat for what you
1710 |1709 |02:24:03 ~-~-> 02:24:09 |spend because you're not financially literate. You've been indoctrinated.
1711 |1710 |02:24:09 ~-~-> 02:24:14 |You've been told the American dream is, go to work, get a good job, get an
1712 |1711 |02:24:14 ~-~-> 02:24:18 |education, get a house, get tied up in a 30 year mortgage. Fuck 30 year
1713 |1712 |02:24:18 ~-~-> 02:24:22 |mortgages. If you have a mortgage, you're an idiot. You're paying fucking
1714 |1713 |02:24:22 ~-~-> 02:24:26 |two times, three times for a house that's already too much money when it's
1715 |1714 |02:24:26 ~-~-> 02:24:30 |just so much easier for you to rent something that you can afford. Learn how
1716 |1715 |02:24:30 ~-~-> 02:24:34 |to invest. Take that money, maximize it, build it up and buy something fucking
1717 |1716 |02:24:34 ~-~-> 02:24:41 |cash. Oh, it's easier said than done. I understand that. I look I hear you. I
1718 |1717 |02:24:41 ~-~-> 02:24:50 |hear you. But I was there the same way. I lived in apartments, I lived in areas
1719 |1718 |02:24:50 ~-~-> 02:24:55 |that I would not feel comfortable walking in. I had did all that stuff.
1720 |1719 |02:24:55 ~-~-> 02:24:58 |Nobody walks out, you know. Well, let me, let me rephrase, there are people
1721 |1720 |02:24:58 ~-~-> 02:25:05 |walking around with silver. Doing up their ass, but it wasn't me. My middle
1722 |1721 |02:25:05 ~-~-> 02:25:10 |name is Joe, average fucking Joe. That's raking from average Joe from Middle
1723 |1722 |02:25:10 ~-~-> 02:25:16 |River, Maryland. That is me. And if I can do this with all the hardships and
1724 |1723 |02:25:16 ~-~-> 02:25:21 |mental illness and shit that I had to deal with, I know you can. I've already
1725 |1724 |02:25:21 ~-~-> 02:25:27 |been here. I've blazed that trail. I know all the problems. I know where
1726 |1725 |02:25:27 ~-~-> 02:25:30 |you're going to Step and twist your ankle. Don't step there. I have dudes
1727 |1726 |02:25:30 ~-~-> 02:25:35 |Listen to me. You don't want to listen to conversations like this. Oh, I got
1728 |1727 |02:25:35 ~-~-> 02:25:38 |better things to do this Saturday, I listen to this. This guy talks too much.
1729 |1728 |02:25:38 ~-~-> 02:25:41 |You love the way he talks. He loves his own voice, no, and I don't like my own
1730 |1729 |02:25:41 ~-~-> 02:25:49 |voice, actually. But the point is this, if someone that you knew had a big ass
1731 |1730 |02:25:49 ~-~-> 02:25:55 |fucking house, 10,000 square foot house, millions of fucking dollars, makes money
1732 |1731 |02:25:55 ~-~-> 02:26:00 |hand over fist, doesn't go to work, just does whatever the fuck they want to do,
1733 |1732 |02:26:00 ~-~-> 02:26:05 |and they say, Hey, let me help you out. Let me show you how to make some money.
1734 |1733 |02:26:05 ~-~-> 02:26:08 |Would you tell that guy? Go fuck himself. Get out of guy. Got time listen
1735 |1734 |02:26:08 ~-~-> 02:26:15 |to you. No, you'd be like, Yeah, I'd love to hear what you have to say. See,
1736 |1735 |02:26:15 ~-~-> 02:26:19 |the difference is you just look at a chart that says demo down on the left
1737 |1736 |02:26:19 ~-~-> 02:26:23 |hand side, and that's a big impediment. For some of you, you're a victim to
1738 |1737 |02:26:23 ~-~-> 02:26:30 |social media. You're a victim to indoctrination. See, I can't come out
1739 |1738 |02:26:30 ~-~-> 02:26:37 |here and promise you getting rich. I can't, I won't. But for the people that
1740 |1739 |02:26:37 ~-~-> 02:26:43 |are astute, they can see they can read between the lines. Okay? He's not
1741 |1740 |02:26:43 ~-~-> 02:26:47 |promising that I'm gonna get rich. He says promising that I'm gonna be able to
1742 |1741 |02:26:47 ~-~-> 02:26:53 |tell where this market's gonna go before it does it more times than not. Okay, so
1743 |1742 |02:26:53 ~-~-> 02:26:58 |now, what happens when I monetize that transaction? Oh, shit. And if I can
1744 |1743 |02:26:58 ~-~-> 02:27:07 |repeat it, oh my goodness, I didn't say it. This is something you came up with.
1745 |1744 |02:27:08 ~-~-> 02:27:13 |You came to that decision to start putting money behind it. And the
1746 |1745 |02:27:13 ~-~-> 02:27:17 |question really is, is, who wouldn't if you get really good at something, if you
1747 |1746 |02:27:17 ~-~-> 02:27:22 |knew the winning lottery numbers three days out of a week. Wouldn't you fucking
1748 |1747 |02:27:22 ~-~-> 02:27:27 |play lottery? When you deliver pizza to get some extra money to buy more
1749 |1748 |02:27:27 ~-~-> 02:27:32 |tickets, you would start doing all kinds of shit, right? And that's why I entice
1750 |1749 |02:27:32 ~-~-> 02:27:37 |all of you to simply go in and study what I've shared. If it's there, you'll
1751 |1750 |02:27:37 ~-~-> 02:27:42 |see it, and then you'll start doing the math and say, Oh, well, if I do this and
1752 |1751 |02:27:42 ~-~-> 02:27:47 |this, and then all of a sudden, the trader bug has bit you, you're infected
1753 |1752 |02:27:47 ~-~-> 02:27:52 |for life. And then once you see it working, you can't unsee it everything
1754 |1753 |02:27:52 ~-~-> 02:27:55 |else you listen to other people talk about why the market's going up and
1755 |1754 |02:27:55 ~-~-> 02:28:00 |down. It's laughable. It's comedy. And that's what makes us in the the eyes of
1756 |1755 |02:28:00 ~-~-> 02:28:05 |other people's discipline that were toxic. No, we just it is what it is.
1757 |1756 |02:28:05 ~-~-> 02:28:08 |It's the same thing. When you go to a football game, the other team that you
1758 |1757 |02:28:08 ~-~-> 02:28:13 |know, the, what do you call it? The the fans of the other team, they're in the
1759 |1758 |02:28:13 ~-~-> 02:28:17 |stands with you, and they're talking shit, just like you know, you're going
1760 |1759 |02:28:17 ~-~-> 02:28:20 |to talk to them, Steelers versus the Ravens. You know, I
1761 |1760 |02:28:20 ~-~-> 02:28:23 |couldn't tell you anything about football. Okay, that's probably the
1762 |1761 |02:28:23 ~-~-> 02:28:28 |extent of it. But I know that that rivalry, you know, the fans go at each
1763 |1762 |02:28:28 ~-~-> 02:28:33 |other. It's the same thing with this. I don't have my heart broken over to over
1764 |1763 |02:28:33 ~-~-> 02:28:36 |this stuff that when people say shit about me, I don't get upset about it.
1765 |1764 |02:28:36 ~-~-> 02:28:41 |That's laughable to me. It's, it's funny. The same thing with these fans.
1766 |1765 |02:28:41 ~-~-> 02:28:46 |Sometimes, some fanatics go too far, and they want to throw fists, or they want
1767 |1766 |02:28:46 ~-~-> 02:28:50 |to do things and follow you back to your car, and they want to follow you back to
1768 |1767 |02:28:50 ~-~-> 02:28:52 |your house, and they discover how much brass you have, and they made the
1769 |1768 |02:28:52 ~-~-> 02:28:59 |mistake. Okay, that's the problem when people go too far. And it's important
1770 |1769 |02:28:59 ~-~-> 02:29:04 |that if you grow in this and you become some kind of a celebrity, which I don't
1771 |1770 |02:29:04 ~-~-> 02:29:09 |want to be a celebrity, that the level of attention you're going to discover,
1772 |1771 |02:29:09 ~-~-> 02:29:16 |some of you aren't, aren't going to be comfortable with it. So just know that
1773 |1772 |02:29:16 ~-~-> 02:29:23 |you can become huge in this industry and become huge in terms of influence, be
1774 |1773 |02:29:23 ~-~-> 02:29:29 |madly successful, but you're going to get some weirdos that simply just want
1775 |1774 |02:29:29 ~-~-> 02:29:33 |to be weirdos, and it just, it's uncomfortable, it's weird. They sit
1776 |1775 |02:29:33 ~-~-> 02:29:37 |outside your house just to get pictures of you going through the mailbox. They
1777 |1776 |02:29:37 ~-~-> 02:29:40 |want to see your wife. They want to see your kids. They want to see what you're
1778 |1777 |02:29:40 ~-~-> 02:29:43 |driving. They want to see what your lawn looks like. They want to go through your
1779 |1778 |02:29:43 ~-~-> 02:29:47 |trash cans like we literally wait for the trash guys that come in to our
1780 |1779 |02:29:47 ~-~-> 02:29:50 |neighborhood before we put our trash out, because we have people in our trash
1781 |1780 |02:29:50 ~-~-> 02:29:55 |cans. Think about that. It's love. That's next level kind of creepy shit,
1782 |1781 |02:29:55 ~-~-> 02:29:59 |right? So just be careful what you ask for, because you really want to be a.
1783 |1782 |02:30:00 ~-~-> 02:30:03 |Big celebrity, you want to have all kinds of attention. There's going to be
1784 |1783 |02:30:03 ~-~-> 02:30:07 |people that want to get closer to you, and if you're you don't want to be best
1785 |1784 |02:30:07 ~-~-> 02:30:11 |buddies with them. They become weirdos, okay? And they take offense to it, and
1786 |1785 |02:30:11 ~-~-> 02:30:15 |they make up lies about you and talk on this kind of bullshit. And no matter
1787 |1786 |02:30:15 ~-~-> 02:30:17 |what you do, there's going to be other people out there that will believe
1788 |1787 |02:30:17 ~-~-> 02:30:23 |anything toxic said about you, even if it's not true and that's just the state
1789 |1788 |02:30:23 ~-~-> 02:30:27 |of the world. So there are all the pitfalls and the plagues that trading is
1790 |1789 |02:30:27 ~-~-> 02:30:32 |going to present to you, and how you navigate them is up to you. I've shared
1791 |1790 |02:30:33 ~-~-> 02:30:38 |what I have gone through myself. I have given you some advice on how to think
1792 |1791 |02:30:38 ~-~-> 02:30:41 |about it and how to navigate it. And the last bit of business called just forgot
1793 |1792 |02:30:41 ~-~-> 02:30:45 |about it and just forgot about it and just remembered it. A lot of you are
1794 |1793 |02:30:45 ~-~-> 02:30:49 |asking where my son, Cameron is in his trading. And for some of you that don't
1795 |1794 |02:30:49 ~-~-> 02:30:56 |know, I have, I have four boys, and my 18 year old, he is the same one that was
1796 |1795 |02:30:56 ~-~-> 02:31:01 |trying to get funded through and got funded with three accounts with top
1797 |1796 |02:31:01 ~-~-> 02:31:07 |step. He made his way to their little leaderboard thing. He was up there two
1798 |1797 |02:31:07 ~-~-> 02:31:13 |days in a row, whatnot. He had two payouts, and then failed to hold on to
1799 |1798 |02:31:13 ~-~-> 02:31:19 |it, lost it and then tried to get, I don't remember, whatever their biggest,
1800 |1799 |02:31:19 ~-~-> 02:31:23 |I think it's 100,000 account, whatever their biggest one is. He was trying to
1801 |1800 |02:31:23 ~-~-> 02:31:28 |do that after he lost his funded account, and then he failed on that. So
1802 |1801 |02:31:28 ~-~-> 02:31:33 |what he's going through is he had girlfriend, and some of you that are
1803 |1802 |02:31:33 ~-~-> 02:31:36 |little dick energy guys, you're gonna say this is perfect excuses, blah, blah,
1804 |1803 |02:31:36 ~-~-> 02:31:40 |whatever he should be perfectly because he's your son and he should be doing
1805 |1804 |02:31:40 ~-~-> 02:31:45 |this. And I force them to do this on their own. I give them advice, I tell
1806 |1805 |02:31:45 ~-~-> 02:31:50 |them how to trade, but they still have to follow the rules. How many people get
1807 |1806 |02:31:50 ~-~-> 02:31:53 |in the car? I've said, by not simply following the rules to stay on your side
1808 |1807 |02:31:53 ~-~-> 02:31:56 |of the fucking road, that line in the middle of the road is there to say,
1809 |1808 |02:31:56 ~-~-> 02:32:00 |Don't cross me. How many times do you cross it? How many times are you texting
1810 |1809 |02:32:00 ~-~-> 02:32:03 |and your shit goes over that line. So don't give me the bullshit about because
1811 |1810 |02:32:03 ~-~-> 02:32:07 |he's my son, it's still he's being held to accountability. I'm not making it
1812 |1811 |02:32:07 ~-~-> 02:32:14 |easy for any of them. So had a girlfriend, and she was going away to
1813 |1812 |02:32:14 ~-~-> 02:32:17 |college this year, and I sat down with them on the summer I said, I'm just
1814 |1813 |02:32:17 ~-~-> 02:32:21 |letting you know your chances of you surviving a boyfriend relationship,
1815 |1814 |02:32:21 ~-~-> 02:32:26 |girlfriend type thing is next to zero, because you're going out of state,
1816 |1815 |02:32:26 ~-~-> 02:32:31 |you're gonna be gone for months, and Cameron is going to want to worry you to
1817 |1816 |02:32:31 ~-~-> 02:32:34 |death, texting you, missing you, whatever, because he's a romantic at
1818 |1817 |02:32:34 ~-~-> 02:32:41 |heart, like his dad, right? So, long story short, the inevitable happen. She
1819 |1818 |02:32:41 ~-~-> 02:32:48 |said, You know, I, I can't stay with you in a boyfriend relationship, so we can
1820 |1819 |02:32:48 ~-~-> 02:32:53 |be friends. And she started dating another guy on campus. So that's done
1821 |1820 |02:32:53 ~-~-> 02:32:59 |him, in terms of, it broke his heart. He's he's not he's not the same anymore,
1822 |1821 |02:32:59 ~-~-> 02:33:06 |like he doesn't have any kind of drive. He's depressed all the time. It's just,
1823 |1822 |02:33:06 ~-~-> 02:33:10 |it's, it's sad. But I see myself because my first wife, I was the same way, like
1824 |1823 |02:33:10 ~-~-> 02:33:16 |she was my first in everything, and when she broke up, it was devastating, like I
1825 |1824 |02:33:16 ~-~-> 02:33:20 |couldn't think about anything but her it was just, it was a mess. It was total
1826 |1825 |02:33:20 ~-~-> 02:33:24 |mess. And he's going through that right now. So he doesn't want to do any
1827 |1826 |02:33:24 ~-~-> 02:33:27 |trading, he doesn't want to do video games, he doesn't want to hang out with
1828 |1827 |02:33:27 ~-~-> 02:33:31 |family. Doesn't want to do anything. He just goes to work, comes home tired and
1829 |1828 |02:33:31 ~-~-> 02:33:37 |sore, and then hates his life, he said, so it's depression. That's the reality
1830 |1829 |02:33:37 ~-~-> 02:33:43 |of the real world, folks. Okay, trading doesn't remove it okay, even if you make
1831 |1830 |02:33:43 ~-~-> 02:33:46 |money, those things are going to happen in your life. You're going to have a
1832 |1831 |02:33:46 ~-~-> 02:33:51 |breakup, you're going to have a health problem, you're going to, you know, get
1833 |1832 |02:33:51 ~-~-> 02:33:54 |into a car accident, and things are going to get broken or destroyed, and
1834 |1833 |02:33:54 ~-~-> 02:33:57 |you're going to have to pay money out of pocket. Things are going to blow up
1835 |1834 |02:33:57 ~-~-> 02:34:03 |that, you know, cost you to replace. All those things are stressful, and he's
1836 |1835 |02:34:03 ~-~-> 02:34:09 |young. When he's 18 years old, this is his first adult thing, and he's
1837 |1836 |02:34:09 ~-~-> 02:34:16 |wrestling with it. So guys, ladies, you don't know this, but men really have it
1838 |1837 |02:34:16 ~-~-> 02:34:20 |hard when a girl breaks up with them, especially when you didn't see it
1839 |1838 |02:34:20 ~-~-> 02:34:25 |coming, and they were cute together. If they weren't having the separation of
1840 |1839 |02:34:25 ~-~-> 02:34:29 |college, I think they would still be together. But you know, you spend months
1841 |1840 |02:34:29 ~-~-> 02:34:34 |away from each other, and then you are separate from your family too, in a new
1842 |1841 |02:34:34 ~-~-> 02:34:37 |location, constantly stress with school, and somebody starts giving you
1843 |1842 |02:34:37 ~-~-> 02:34:40 |attention. What are you going to do? You're going to PAL out with them. And
1844 |1843 |02:34:40 ~-~-> 02:34:46 |it's natural. It's unfortunate, but it's still it's natural, and he's wrestling
1845 |1844 |02:34:46 ~-~-> 02:34:51 |with that. So that's where he's at. He's not actively trying to do anything
1846 |1845 |02:34:51 ~-~-> 02:34:56 |except for work, his job, and he's going through depression. So that's the
1847 |1846 |02:34:56 ~-~-> 02:35:00 |reality of the real world, folks. I mean, it is what it is you. He has to
1848 |1847 |02:35:00 ~-~-> 02:35:04 |snap out of that. He has to pull himself together. And it took a while for me to
1849 |1848 |02:35:04 ~-~-> 02:35:10 |do it when I was younger, but eventually I realized that it's one person that I
1850 |1849 |02:35:10 ~-~-> 02:35:15 |wasn't meant to be with. It was nice while it lasted. I learned from it, and
1851 |1850 |02:35:15 ~-~-> 02:35:20 |I had better things to go and conquer, and that'll happen for him too, but
1852 |1851 |02:35:22 ~-~-> 02:35:25 |that's where he's at. And he's not in there trying to do anything else with
1853 |1852 |02:35:25 ~-~-> 02:35:34 |with top step. He's not trying to do anything at all with trading. So we're
1854 |1853 |02:35:34 ~-~-> 02:35:38 |giving him space. I'm not trying to push on him. And when he wants to talk to me
1855 |1854 |02:35:38 ~-~-> 02:35:43 |about anything, you know I'm available for it, but he'll get tired of working,
1856 |1855 |02:35:44 ~-~-> 02:35:48 |and they'll be like, Okay, Dad, can you help me? I already told him, I said,
1857 |1856 |02:35:48 ~-~-> 02:35:51 |when you're ready to do it, we'll just sit down and we'll trade together.
1858 |1857 |02:35:51 ~-~-> 02:35:55 |That's how we'll do it. And then you'll watch me do it. You'll copy what I'm
1859 |1858 |02:35:55 ~-~-> 02:35:59 |doing. I'll explain why I'm doing it, and he'll make money, and he'll learn
1860 |1859 |02:35:59 ~-~-> 02:36:03 |how to do it also. And then by the amount of money he makes, he will never
1861 |1860 |02:36:03 ~-~-> 02:36:07 |put it down. That was, like, the last card I was going to use. I didn't want
1862 |1861 |02:36:07 ~-~-> 02:36:11 |to do that part in the beginning because it creates codependency, but, like,
1863 |1862 |02:36:11 ~-~-> 02:36:16 |that's my insurance card with him, and that's what all of you want, but I'm not
1864 |1863 |02:36:16 ~-~-> 02:36:19 |obligated to any of you. He's my son. He's going to succeed. He will be
1865 |1864 |02:36:19 ~-~-> 02:36:22 |successful at it, but I got to let him go through these periods of
1866 |1865 |02:36:22 ~-~-> 02:36:28 |uncomfortable where, if I don't do this, this is what it's like. So that way,
1867 |1866 |02:36:28 ~-~-> 02:36:33 |when he starts making money consistently in its annual salaries per month, he
1868 |1867 |02:36:33 ~-~-> 02:36:42 |won't do anything to mess that up. Not a relationship, not someone else that's a
1869 |1868 |02:36:42 ~-~-> 02:36:47 |friend, nothing that's his business. It's his it's his interest, to keep it
1870 |1869 |02:36:47 ~-~-> 02:36:51 |guarded, and he's not going to make stupid decisions because he's running an
1871 |1870 |02:36:51 ~-~-> 02:36:55 |enterprise. But how do you teach an 18 year old that stuff? They got to go
1872 |1871 |02:36:55 ~-~-> 02:37:00 |through some stuff, they got to feel discomfort. And for the people that's
1873 |1872 |02:37:00 ~-~-> 02:37:04 |going to try to try to play father 101, for me, okay? And tell me I should do
1874 |1873 |02:37:04 ~-~-> 02:37:09 |this. Do that. You manage your own kids, okay? You manage your own kids, and you
1875 |1874 |02:37:09 ~-~-> 02:37:12 |do what you got to do in your life and your family. I'll do the way I want to
1876 |1875 |02:37:12 ~-~-> 02:37:17 |do it. I'm not taking advice on how to raise my fucking kids, okay, but they
1877 |1876 |02:37:17 ~-~-> 02:37:20 |won't be homeless. Let's put it that way. And none of my kids live in fucking
1878 |1877 |02:37:20 ~-~-> 02:37:25 |trailers. I'm gonna toss that in there because it's some stupid shit. None of
1879 |1878 |02:37:25 ~-~-> 02:37:29 |my kids live in fucking trailers, and they're not fucking gonna be homeless.
1880 |1879 |02:37:29 ~-~-> 02:37:34 |So there you go. But anyway, Vinnie, Vinnie Minnie, bring your bitch ass into
1881 |1880 |02:37:34 ~-~-> 02:37:37 |Robin's cup. I'm absolutely gonna be in there and I'm gonna throttle your
1882 |1881 |02:37:37 ~-~-> 02:37:41 |fucking ass. Bring your shit, Mickey Mouse, because I'm going to fucking
1883 |1882 |02:37:41 ~-~-> 02:37:46 |cartoon your ass all the way through next year. Then the real fun starts
1884 |1883 |02:37:46 ~-~-> 02:37:50 |until I'll talk to you next time. Be safe. You.