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Last modified by Drunk Monkey on 2021-12-01 05:26
From version 66.1
edited by Drunk Monkey
on 2021-11-17 05:44
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To version 57.1
edited by Drunk Monkey
on 2021-11-13 07:40
Change comment: Uploaded new attachment "ICTYT-20211109-chart3.png", version {1}

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1 1  Select postings from the ICT Youtube Community Channel: [[https:~~/~~/www.youtube.com/c/InnerCircleTrader/community>>https://www.youtube.com/c/InnerCircleTrader/community]]
2 2  
3 -(% class="bigtest lined" %)
3 +(% class="lined" %)
4 4  1. (((
5 5  [[Day One>>https://www.youtube.com/post/Ugx-oZ6IVHg1wt-B2vh4AaABCQ]]: Maximum Effort.
6 6  )))
... ... @@ -1931,7 +1931,7 @@
1931 1931  
1932 1932  If you are Maestro... there is nothing stopping you from a career with the same 10 pips.
1933 1933  
1934 -The secret is Money Management. 
1934 +The secret is Money Management.
1935 1935  
1936 1936  Don't let them fool you will high "R" multiples as the evidence of wealth. Velocity wins all battles.
1937 1937  )))
... ... @@ -1973,7 +1973,7 @@
1973 1973  
1974 1974  See the difference there? One mindset says... "I have to win or else I fail entirely" and the other recognizes the risk of not following sound Trade & Risk Management protocols and owns the responsibility. The second mindset is open to imperfection and it sees the losses as a transaction without gain... nothing more. The first mindset sees any loss as the death blow that ends their Trading career.
1975 1975  
1976 -Choices... we all have them. Which mindset do you want to hold fast to in this career? 
1976 +Choices... we all have them. Which mindset do you want to hold fast to in this career?
1977 1977  
1978 1978  Choose wisely.
1979 1979  
... ... @@ -2034,7 +2034,7 @@
2034 2034  
2035 2035  That is trading Folks. Income producing, wealth generating, lifestyle changing cold hard facts.
2036 2036  
2037 -No ego. No pomp. No drama... just bread & butter setups and sound money management at work. 
2037 +No ego. No pomp. No drama... just bread & butter setups and sound money management at work.
2038 2038  
2039 2039  Try it this week. 10 pips once a day and stop there. 10 pips for 10 pips... 1%. One try per day. Log the results on your demo and I will discuss more Friday night.
2040 2040  
... ... @@ -2102,119 +2102,6 @@
2102 2102  As you were...
2103 2103  )))
2104 2104  1. [[Mentorship rewatch 8:00 mark to the end last night's Daily Log Entry.>>https://www.youtube.com/post/UgwweFYas6CSfg05C0t4AaABCQ]] Listen closely to what I say... then look at your GbpUsd chart. Then listen to it again, to make sure you hear exactly what I say about it being Friday.
2105 -1. Nov 9, 2021 - [[What Do You See?>>https://www.youtube.com/channel/UCtjxa77NqamhVC8atV85Rog/community?lb=UgkxoOWb36h3XbEPe0ntUDKKP4iVzlc_RQ2j]]
2106 -[image1]
2107 -[[image:ICTYT-20211109-chart1.png]]
2108 -[image2]
2109 -[[image:ICTYT-20211109-chart2.png]]
2110 -1. Don't [[maximize the answer>>https://www.youtube.com/channel/UCtjxa77NqamhVC8atV85Rog/community?lb=Ugkx47fWwnJaYNonHCxorpCeKnI6W6kw4LgT]] until you studied the example two posts below first...
2111 -[image3]
2112 -[[image:ICTYT-20211109-chart3.png]]
2113 -[image4]
2114 -[[image:ICTYT-20211109-chart4.png]]
2115 -1. [[What Do You See?>>https://www.youtube.com/channel/UCtjxa77NqamhVC8atV85Rog/community?lb=UgkxfQxsMEEcNgp6caAaEFjeOsgeH03avnOO]]
2116 -[image1]
2117 -[[image:ICTYT-20211110-chart1.png]]
2118 -[image2]
2119 -[[image:ICTYT-20211110-chart2.png]]
2120 -1. (((
2121 -2021-11-13 - [[Good Morning Constant Reader...>>https://www.youtube.com/channel/UCtjxa77NqamhVC8atV85Rog/community?lb=UgkxfM_eqTOnDflUIiqd_hCBgXYzqgHFDG83]]
2122 -
2123 -I hope this day has received you well and in good health.
2124 -
2125 -It is Saturday... once again.
2126 -
2127 -This is the time to reflect on what you learned, albeit via pain or pleasure. Take experience from the enduring of your development... it will serve you well later on.
2128 -
2129 -It feels different at various stages of your learning. Uncertainty will be a resurfacing concern as you discover your unique model... but you can't rush it.
2130 -
2131 -The reason it takes more time to get it, is the individual that you are is very complex. My concepts aren't complex, the letting go of unrealistic growth rates early on is the major hurdle.
2132 -
2133 -The more time you give yourself to develop a confidence in yourself, not me, not what I can or can't do... the better chance you stand.
2134 -
2135 -The submitting to at least 18 months of structured learning and practice in a simulated environment is key. This can't be overstated.
2136 -
2137 -Far too often, students come and sit down with me and think they can just label a chart with a conceptual idea I teach and when their experience is not up to snuff and their casual labeling falls short if what the market is willing to deliver... the ill-prepared student incorrectly assumes the concepts are flawed and they look past their own deficiencies.
2138 -
2139 -That is why 18 months is what I state is the lowest time horizon when endeavoring to learn my craft. You won't see the many opportunities your personality flaws... yes your flaws... will manifest and derail your development and delay your success.
2140 -
2141 -Everyone is human and prone to do it wrong... even me. However, this somehow gets overlooked by excited new students who want to imagine owning the world in a few weeks or months. This is neither practical or realistic.
2142 -
2143 -You need time to experience drawdown, periods of confusion, periods of no trading while markets are in transition states and risk is high. No educators teach like this but me. I do not sugar-coat it and say you will understand this is 3 weeks or months... because you won't.
2144 -
2145 -Like everything in this world, there are varying results and you get what you put into it. How many Tiger Woods are their in golf? Despite the legions of golf enthusiasts that play the game? 
2146 -
2147 -Not every golfer will rise to Tiger's greatness but the wise understand they do not need to be like or equal to Tiger to succeed.
2148 -
2149 -Be content with enough and submit to an honest attempt in learning properly.
2150 -
2151 -I seen so many lazy people come through my stable... and when they didn't fix their personal issues, they quit. This is sad, but they were warned and instructed before and along the way... how to train, study and to expect delayed gratification.
2152 -
2153 -Everyone wants the six pack abs but nobody wants to exercise and remove the junk food to get them. Then the regime is slated as scam, fraud or not as described... and they chase another fad diet program.
2154 -
2155 -Never learning, never improving or even giving themselves the proper chance to develop. This is the revolving door of trading.
2156 -
2157 -For 20 plus years I taught for free. My tune has not changed... it is hard to overcome yourself. No matter what snake oil salesmen tell you, there is no short cut or alternative route to getting it.
2158 -
2159 -No indicator nonsense, harmonic, retail silliness - none of that removes the requirement to understanding the financial calendar year. How seasonal impacts affect these markets.
2160 -
2161 -How can a one week boot camp or three month program properly prepare you for that? In short... it can't.
2162 -
2163 -Mental baggage is real and most of us bring lots of it to the trading business. Most can't admit their own flaws or shortcomings and they never make it. They spent thousands in different courses and waste a lot of time... cheating themselves.
2164 -
2165 -Let's be honest Folks...
2166 -
2167 -Trading is easy. It is a question of three options.
2168 -
2169 -1) Do I Buy "this" now?
2170 -2) Do I Sell "this" now?
2171 -3) Do I sit still right now?
2172 -
2173 -Trading profitably requires a model that comfortably defines what and when... for you, not everyone who sees your model, just "You".
2174 -
2175 -Once you define your trading model, you need to apply sound risk management. 
2176 -
2177 -How will you allocate funds to each trade? When will you risk the most? When will you risk the least? When will you move your stop? How will you take partials off if at all?
2178 -
2179 -See how this quickly becomes a "personal" matter and no Teacher can press every student into the same mold. If they could, every student would have the identical results... ask them for that proof.
2180 -
2181 -You can do this, but it requires copious hours of study, Journaling and personal discipline.
2182 -
2183 -The lazy need not apply... I promise you, if you are... you will waste your little time and fail.
2184 -
2185 -Be safe.
2186 -
2187 -As you were...
2188 -
2189 -)))
2190 -1. [[Mood>>https://www.youtube.com/post/UgkxwnCsiey3X2Rvy732Nlsc9uPg7e0CvXl5]]: 2021-11-16
2191 -[[https:~~/~~/www.tradingview.com/x/2Xwgumfq/>>url:https://www.youtube.com/redirect?event=backstage_event&redir_token=QUFFLUhqbF9ySU83ajRSN045N01RZlFnVEpGaGN1TWxNd3xBQ3Jtc0ttNE8zOTFqdFZ4aFpDLXh1eVI5djBEcWlzcWlNZUVnMHl2NmdzRTdVUnkyMzRTZGN3RTk3bS1xbW1rcFdvODRXcTE1SzR3emNuTlYzWWZJNGkzT01ua05XamlxUkE0RWlnSzc3eEExSHZRWjg5NXJpbw&q=https%3A%2F%2Fwww.tradingview.com%2Fx%2F2Xwgumfq%2F]]
2192 -[[image:ICTYT-20211116-BTCUSD-1h-2Xwgumfq.png]]
2193 -1. (((
2194 -([[later that day>>https://www.youtube.com/post/UgkxayZdZy6Ya73qH10Etu1-B7tuW7ixOTFy]])
2195 -\\https:~/~/www.tradingview.com/x/U11OX8tv
2196 -[[image:ICTYT-20211116-BTCUSD-1h-U11OX8tv.png]]
2197 -
2198 -Now that you witnessed it beforehand, I will review it for you later on this channel.
2199 -
2200 -6000 point Bitcoin drop on concepts I teach and it was not a two sided "call" or ambiguous in nature. Plan B is not found here.
2201 -
2202 -I do this every week and those who sit with me - see me outline Dollar, EurUsd, GbpUsd and an Index or other alt market when applicable to the current market conditions.
2203 -
2204 -Anyone who trades live funds without knowing how to trade is a fool and their testimony is flawed and made invalid. I preach this both in YouTube and Mentorship.
2205 -
2206 -Failure is a personal thing, much like success.
2207 -
2208 -Own it.
2209 -
2210 -Talk with you later today.
2211 -
2212 -Thank you Walt, I left a comment on your video.
2213 -
2214 -As you were...
2215 -
2216 -)))
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