1 | 00:00:14,250 --> 00:00:28,290 | ICT: Welcome back, folks, this is a short little discussion. One, why I stay on the sidelines after Tuesday's New York session on the weeks of non farm payroll. |
2 | 00:00:30,240 --> 00:00:43,020 | And then I'll close this video with a short message about why I believe all of you should be careful going into the coming weeks. This is a euro dollar chart |
3 | 00:00:43,020 --> 00:00:55,800 | is a 15 minute time frame. And you can see basically, Wednesday, Thursday and Friday is price action. Now I teach a principle about the week that begins every |
4 | 00:00:55,800 --> 00:01:14,040 | new month that price delivery can be a little skewed a little wonky, a little difficult to get a gauge on with high degree of probability. And it has a lot to |
5 | 00:01:14,040 --> 00:01:27,720 | do with the expectation of the non farm payroll number, employment numbers. And the beginning of the month. There's been many instances over the years where |
6 | 00:01:27,720 --> 00:01:41,970 | I've stated this is my view on it. It's been times where I wish I would have participated in these particular days. But for over the last 27 years, I've can |
7 | 00:01:41,970 --> 00:01:53,460 | look back and say that's a very small number of times, that that would be true. And the most part, I'm glad I don't participate in the marketplace, after the |
8 | 00:01:53,460 --> 00:02:06,810 | New York session on Tuesday of the week of non farm payroll. What does that mean specifically means that there will obviously be gyrations in price. I'm not |
9 | 00:02:07,170 --> 00:02:18,270 | arguing that point. And invariably, there will be moves that will be really nice. I'm just not going to be participating in them. Now I teach this to my |
10 | 00:02:18,270 --> 00:02:31,740 | students. I've taught it also on his YouTube channel in specific trading, series and lessons. There are some that come to this YouTube channel with their hard |
11 | 00:02:31,740 --> 00:02:41,070 | and fast preconceived notions about what they believe about pricing. And they're entitled to that opinion. But if you're going to be a trader, if you're going to |
12 | 00:02:41,070 --> 00:02:59,130 | be a principle oriented, speculator, then you have to have rules, you have to have filters, they may be time based, they may be calendar based. And I believe |
13 | 00:02:59,190 --> 00:03:08,490 | that those individuals that do not have filters for their trading, a trade frequency number of trades that you can take inside of a day or week, a month. |
14 | 00:03:10,020 --> 00:03:24,480 | If you don't have those things, in your trading plan or your trading model, you're really limiting yourself and inviting more adversities, then if you just |
15 | 00:03:24,480 --> 00:03:41,520 | simply build them in. In this industry, less is more and filtering out a specific time window of the Year in particular month, and which days out of a |
16 | 00:03:41,520 --> 00:03:54,000 | month will bring the most likely scenarios that will result in a losing trade. almost three decades, I've looked at all of my information, all of my |
17 | 00:03:54,390 --> 00:04:06,420 | executions, all my expectations, my journal entries. And I came to the conclusion many years ago that there was a specific time of every month that I |
18 | 00:04:06,420 --> 00:04:18,480 | would be wrong more times than I was right. And that happens to be the Wednesday, Thursday and Friday, leading up to non farm payroll. Without fail, I |
19 | 00:04:18,480 --> 00:04:32,400 | would have some expectation coming into the marketplace. And it would be most likely incorrect. And then in those instances when I did not have the wisdom to |
20 | 00:04:32,400 --> 00:04:42,330 | stay out of the marketplace, and when in I would go into this revenge mode. So if I took a loss on gambling in there, I'm gonna get it back. And then if that |
21 | 00:04:42,330 --> 00:04:56,760 | loss happened, then I would go in with revenge part two. And it would just parlay a small mistake into a larger mistake and a larger drawdown and, truth be |
22 | 00:04:56,760 --> 00:05:12,660 | told. I actually dusted completely You blown out two commodity trading accounts trading in these specific days, and I did it trading the s&p. So there's a lot |
23 | 00:05:12,660 --> 00:05:16,200 | of truth to what I'm saying here. It's based on |
24 | 00:05:17,609 --> 00:05:31,559 | factors that I suffered to learn through blowing out accounts, losing money. And I just discovered that I don't need to do this 500 times more, to get the point. |
25 | 00:05:32,399 --> 00:05:50,249 | So it's important for you to know that it's a good thing to build in filters, limiting yourself and abstaining from some times where the probability really |
26 | 00:05:50,249 --> 00:05:58,829 | isn't as high as you might want it to be. And years ago, we would look at non farm payroll and say, well, it's gonna have a lot of volatility, I want to be a |
27 | 00:05:58,829 --> 00:06:14,639 | part of that. And I have made money trading non farm payroll Fridays, I have, but I have lost more than I did when. So you never hear me preach how that's a |
28 | 00:06:14,639 --> 00:06:30,149 | good thing, NFP, non farm payroll. It's been dubbed by others, which I think is cute, but it works. Not for professionals. Okay, that that's a day where you |
29 | 00:06:30,149 --> 00:06:38,639 | just simply say, okay, you know, there's going to be movements. There's gyrations and such, but I'm okay with not being a part of that. Just like I'm |
30 | 00:06:38,639 --> 00:06:52,109 | not trying to press the envelope in the last two weeks of the year in December. I'm not trying to push it hard, really, after the week prior to leading up to |
31 | 00:06:52,109 --> 00:07:04,649 | the US celebration of the Thanksgiving holiday. That's usually the time where I start to wind down my personal participation. And I don't pick it back up until |
32 | 00:07:05,759 --> 00:07:13,529 | February. Now that may be a lot of time, for some of you listening, I just no way I would be out of the market. There's all kinds of trades I can take. That's |
33 | 00:07:13,529 --> 00:07:23,099 | you. That's not me. That's, that's you. There's nothing wrong with that. I'm not saying that this is beneficial to everyone. Or it's a silver bullet that fixes |
34 | 00:07:23,129 --> 00:07:33,239 | everything for everyone else. I'm just saying that this is why I don't hold to the idea that I should be participating on Wednesday, Thursday and Friday of non |
35 | 00:07:33,239 --> 00:07:47,819 | farm payroll, I just don't see any necessity for it. And typically, even on the Mondays and Tuesdays of that week, I can also look back and see that that is the |
36 | 00:07:47,819 --> 00:08:02,639 | time when I lose more than I make nothing. What benefit is it? If you don't use the information, when you back test, if you ignore the data, and only look for |
37 | 00:08:02,639 --> 00:08:15,539 | the things you want to see in it? Is that an honest approach to using data? No, you're cherry picking what you want it to say. Because the numbers in the data, |
38 | 00:08:15,659 --> 00:08:27,569 | no matter what you're looking at, if you torture the numbers enough, they will submit to anything. But when you look at it with a hard critical, objective |
39 | 00:08:28,439 --> 00:08:43,139 | view, with the intent of benefiting you, not harming, not limiting the amount of money you can make. But focusing in on the times where you as a trader, you as |
40 | 00:08:43,139 --> 00:08:55,889 | the decision maker, the analyst, the trader, The Gambler, because all of us have three people inside of us. I found in my own trading the first week of every |
41 | 00:08:55,889 --> 00:09:14,999 | single month, that is the largest period of time where I lose more trades than any other time. Because of that, I dial back my expectations, my trade |
42 | 00:09:14,999 --> 00:09:30,209 | frequencies, and I have a very loose opinion about what I think may happen in the marketplace. And I allow my opinion, or bias to be flexible that first week |
43 | 00:09:30,209 --> 00:09:41,759 | of every month. Now I go in with an expectation. But I'm flexible to allow myself to admit I'm wrong there and I have to allow myself to realign with what |
44 | 00:09:41,759 --> 00:09:55,589 | the markets likely to do. If we look at this price action here, I'm going to show you what I do personally but not using the actual chart I just make |
45 | 00:09:55,619 --> 00:10:08,429 | annotations and draw them by hand with a line chart. idea in my own journal, but this is what I do. Okay, just for Wednesday, Thursday and Friday, every single |
46 | 00:10:08,429 --> 00:10:15,359 | month, I put this in here and I look at it. In this view, I show |
47 | 00:10:16,830 --> 00:10:29,580 | roughly, what Wednesday, Thursday and Friday going into non farm payroll traded like, Okay, so in essence, it would look something like this. Okay, and it |
48 | 00:10:29,580 --> 00:10:39,300 | wouldn't have every single little up and down move here. But it would be a rough idea depiction of all these turning points in the high price, the low price, the |
49 | 00:10:39,300 --> 00:10:51,840 | high price, the low price, the high price and any short term low prior to a lower low, or any short term high, lower than a higher short term high. And I'll |
50 | 00:10:51,840 --> 00:11:03,120 | explain why that's important. Now, let's add annotations here. What I'm recording in my journal is these are short term turning points where liquidity |
51 | 00:11:03,120 --> 00:11:12,720 | was taken short term high here, whatever that high price would be. That's what I'm recording next to the line drawing in my journal. Okay, and then I write |
52 | 00:11:12,720 --> 00:11:24,390 | down the time. And the day in that series of days, Wednesday, Thursday, and Friday. And what high went to above it. If this high gets ran out, which it does |
53 | 00:11:24,390 --> 00:11:36,810 | here, I write down the high point of that candle. And the time it took it out. And how much over range it moved above the previous high. Same thing with this |
54 | 00:11:36,810 --> 00:11:46,890 | high here, how much did it go above it? Any short term high over here, I record the high, what time it goes above and how much it went above it. The low I |
55 | 00:11:46,890 --> 00:11:58,110 | record the low price. And it annotated next to the crude depiction, I draw my journal. Like I said, I'm an I'm a dinosaur, I draw things out. And I don't have |
56 | 00:11:58,110 --> 00:12:09,360 | a lot of printed charts. And it can be very expensive. So you don't really need to print them out. But you can create a digital journal and annotate your |
57 | 00:12:09,360 --> 00:12:18,570 | charts. And you never have to really print them out at all. And you can have the benefit of having it, I just grew into the high touch versus the high tech long |
58 | 00:12:18,570 --> 00:12:27,840 | time ago. And I never wanted to make the transition. Now there's been times where I wish I would have made a jump from doing it with pen and journal, |
59 | 00:12:28,230 --> 00:12:38,460 | literally writing it out to a digital because a lot of things I could go and find, like I have. I have hundreds of journals. And I just simply can't go |
60 | 00:12:38,460 --> 00:12:48,390 | through. Like if you had a digital version, saving everything with a Excel spreadsheet, you can put keywords into every journal entry. So like if you want |
61 | 00:12:48,390 --> 00:12:57,480 | to look at every non farm payroll, or a specific non farm payroll period of a particular month of a particular year, you can go right to that, I can't really |
62 | 00:12:57,480 --> 00:13:11,580 | do that with the way I do it. So in a way, it's many degrees less efficient. But I just prefer to do it that way. It's a matter of preference. Okay. So while I |
63 | 00:13:11,580 --> 00:13:20,910 | admit readily that there's a lot of disadvantages, the way I do it, and you all today, as a younger group of traders that are in development, you have a lot |
64 | 00:13:20,910 --> 00:13:30,450 | more advantages than I did coming up. And the people before me had, we had to do everything with a spiral notebook, and pencil and scratch out this and scratch |
65 | 00:13:30,450 --> 00:13:40,980 | out that it was it's a harder way of doing it. But my view is, that's what makes you really earn it. Whereas now you have so many tools at your disposal. |
66 | 00:13:41,130 --> 00:13:54,810 | Nowadays, you should use them, you should take advantage of them. But the benefit of doing that is I study the runs on liquidity. And then I look for any |
67 | 00:13:55,020 --> 00:14:03,870 | price swing that makes sense with some of the logic that I use in my repertoire. And then what would that look like? Well, the hits this one here, you have |
68 | 00:14:04,020 --> 00:14:14,460 | relative equal lows, but we have a break in market structure there. So I will record this high to this low the total range of pips between both in the low and |
69 | 00:14:14,460 --> 00:14:24,420 | the high price level. And in the optimal trade entry where it trades to in here at an order block. Okay, so why this order block because it goes higher than the |
70 | 00:14:24,420 --> 00:14:34,170 | previous ones, even though it's candle goes higher, I'm looking at the body of the candle. So I want the higher body up close. That to me is the order block |
71 | 00:14:34,170 --> 00:14:43,590 | right there. So you can extend that in time. And if you get a reaction there, you can view that potentially as a short, which I did not take because as I |
72 | 00:14:43,590 --> 00:14:53,640 | started this video, my students know also I wasn't trading the rest of this week. But I'm providing this information so that way, I'm answering hundreds of |
73 | 00:14:53,640 --> 00:15:03,180 | emails that repeat all the time if I'm not trading, what do we do with this information? What do we glean from if anything This is what I do. Now, what it |
74 | 00:15:03,180 --> 00:15:15,630 | helps me do is it keeps the fact that many principles still exist and they repeat during these days, but they don't unfold or develop |
75 | 00:15:16,920 --> 00:15:27,150 | in a degree of precision that I want to see. Okay, so there's a lot of signatures that you don't know that I have in my toolbox that I'm looking for, |
76 | 00:15:27,180 --> 00:15:37,500 | that aren't always showing up in these particular days. Whereas like next week, the signatures that I would expect to see in price will probably be there. |
77 | 00:15:37,680 --> 00:15:50,040 | Because it's not during non farm payroll, there's a lot of manipulation, there's a lot of traction in holding of a range leading up into non farm payroll. And |
78 | 00:15:50,040 --> 00:15:58,020 | today was kind of like a dud, you can see on Friday wasn't much price action at all. But this swing here, if we add a fib, just to get the idea of overbought, |
79 | 00:15:58,020 --> 00:16:18,300 | oversold in a projected low trades up into the 70.5. Sweet Spot. Once it breaks, this low here, trades down into negative point five standard deviation, price |
80 | 00:16:18,360 --> 00:16:37,200 | 116 97 for the low comes in at 116 958. So it's close, but just as not as tight as I like to see it. Be take that off. And watching non farm payroll, I record |
81 | 00:16:37,200 --> 00:16:48,450 | the high the day, the low of the day, and the session highs and lows at London close at New York open and London open. So those price points is what are |
82 | 00:16:48,510 --> 00:16:56,490 | referred to and then I'll refer to the same price points in next week's trading. And I'll look at how we work with those levels and what they leave in place. |
83 | 00:16:56,490 --> 00:17:03,420 | Like for instance, if this is the low of the day, by the time we close in it's three minutes before 3pm and eastern standard time as at the time of this |
84 | 00:17:03,420 --> 00:17:12,990 | recording. Do they leave this low intact? Do they leave as high intact? Chances are, it's probably going to be the case but not always. Sometimes there's a |
85 | 00:17:13,050 --> 00:17:22,650 | little rush where it runs to one of them and blows one of them out. I look at that on Saturday morning. And I refer back to all these price points because |
86 | 00:17:22,650 --> 00:17:35,310 | everything that's being shown here as liquidity pool and being targeted, they will still be referenced in the next week or the following week. They're |
87 | 00:17:35,310 --> 00:17:46,500 | important because this was all pre non farm payroll, and the non farm payroll numbers come out. These reference points will be utilized at a later time. |
88 | 00:17:47,040 --> 00:17:57,690 | They'll either act as a point of drove on liquidity, or they will be blown out and then potentially retested in another price Lake will continue. I don't want |
89 | 00:17:57,690 --> 00:18:10,680 | you to take my word for I want you to go back and look at your own data and study it it works on bonds, it works on equities, it works on s&p index, futures |
90 | 00:18:10,710 --> 00:18:21,870 | and forex, any any forex pair. So while I stay out of the marketplace these particular days of the month, knowing that unlikely to be wrong these days. I |
91 | 00:18:21,870 --> 00:18:31,110 | still use the information by doing this practice, okay, I go in, I find the information I'm looking for. And I record that. And then I carry those ideas. |
92 | 00:18:31,110 --> 00:18:40,200 | And those levels, even though they may not particularly show themselves on my charts when I'm teaching. They're in my notes. So when price is starting to go |
93 | 00:18:40,200 --> 00:18:49,920 | close to one of these levels, and what levels I'm referring to the actual high here, the actual high here, the high here, the high here, here and here in here. |
94 | 00:18:50,340 --> 00:19:01,830 | So their levels I'm watching, because there may be something that forms that I teach my students, a specific PD array may key off of one of these levels. And |
95 | 00:19:01,830 --> 00:19:13,500 | if it does, and it matches time and price, then I'm probably have a setup, but not during these days. Okay. So I just wanted to throw that out there because I |
96 | 00:19:13,500 --> 00:19:22,920 | get a lot of emails and hopefully this answers it. But I just want to make a short little commentary right now about what we're going to most likely see in |
97 | 00:19:22,920 --> 00:19:37,200 | the coming weeks. At the time of this recording at three o'clock, Friday, October 2 2020. Many of you know that we have an election on November 3. On |
98 | 00:19:37,200 --> 00:19:50,970 | November 3, we're probably going to see an enormous amount of volatility. If you go back and look at the 2016 election, there was some wild price action that |
99 | 00:19:50,970 --> 00:20:06,030 | took place and I think we're gonna have more of that this year. We have never been as polarized as we have been In recent years, as a nation, I've been |
100 | 00:20:06,030 --> 00:20:16,530 | warning my students, and I would not be able to rest easy. Knowing that a lot of you aren't able to hear me talk to my mentorship students like I do. |
101 | 00:20:17,910 --> 00:20:28,500 | So I'm going to bring this message to the YouTube channel, students as well, because I care about you. I care about you, whether you sign up to my mentorship |
102 | 00:20:28,500 --> 00:20:41,010 | or not, because you have given me your time, your trust. And I want no one to get hurt, not financially, not emotionally, like not psychologically. And I |
103 | 00:20:41,010 --> 00:20:55,590 | believe that we are entering a period where there is going to be an enormous amount of risk, an enormous amount of risk. I'm personally dialing back my own |
104 | 00:20:55,590 --> 00:21:14,160 | trading where I am not willing to put myself out there and have someone have such a high degree of trust and regard in me in my analysis. And even though I |
105 | 00:21:14,160 --> 00:21:24,360 | teach by way of a demo, or paper trading because of legal reasons, and limitations, because I'm not certified to get trade advice. We only talk about |
106 | 00:21:24,360 --> 00:21:35,430 | paper trading. And that's not the same as live trading. Invariably, my students get excited about some things I may say, and they go in with Live account |
107 | 00:21:35,430 --> 00:21:43,560 | trading. And then they send me emails, Hey, I just did this. I know you don't like to hear this, but I just want to thank you, bah, bah, bah. I don't want |
108 | 00:21:43,590 --> 00:22:00,960 | anyone to do this. In the coming weeks. If you don't listen to this warning, and something happens, I would feel terrible, because you didn't listen to me. Last |
109 | 00:22:00,960 --> 00:22:12,420 | year, when I was on Twitter, I told everybody in October, I said something really Bad's coming. And I said in 2016, before Trump was even elected, that he |
110 | 00:22:12,420 --> 00:22:21,510 | would be elected. And in the last year, we would see what you're looking at all around, look around. These are the things that I talked about. Now, I'm not |
111 | 00:22:21,510 --> 00:22:39,150 | trying to claim to be some kind of Oracle. Okay. It's just common sense, folks. Okay, we have a tinderbox waiting for the right Spark. And the markets are going |
112 | 00:22:39,150 --> 00:22:49,590 | to do something probably that's completely unexpected by many of you, especially the new folks that are just now entering. If you click on videos, mine included, |
113 | 00:22:49,950 --> 00:22:57,930 | you're probably met with, Hey, are you looking for a way to make money sitting home trading off your phone, I'm going to turn you into a millionaire. I took my |
114 | 00:22:57,930 --> 00:23:06,690 | $100,000 and turn it into $5 million in two years, I want to show you exactly how to do it, too. We're constantly slammed with that kind of stuff on YouTube, |
115 | 00:23:06,690 --> 00:23:21,450 | I'm just like everything is someone's teaching you how to trade. Okay? Nobody is warning them, or you have the potential impossibility that is going to be |
116 | 00:23:21,450 --> 00:23:32,850 | wrapped up as a potential opportunity. And I'll say it this way. I learned early on. And I can't remember where I got this quote from. It's not original to me. |
117 | 00:23:33,360 --> 00:23:50,430 | But sometimes, opportunity is cleverly disguised. But it's an impossibility. So there may be something that looks like a wonderful opportunity. But you engage, |
118 | 00:23:51,180 --> 00:24:04,530 | and then you get smoked in a way that you can't afford. I want you to think about this for a moment. We have a stoploss that we can use in trading. Great, |
119 | 00:24:04,620 --> 00:24:16,350 | that's wonderful. But what happens when the market gaps through that the broker is not obligated to give you your stock price. It's going to be whatever the |
120 | 00:24:16,350 --> 00:24:30,420 | next price trades and it could be hundreds of pips beyond where your stop was. Are you prepared for that? Because we could be going into a period where they're |
121 | 00:24:30,420 --> 00:24:43,140 | gonna say there's no liquidity. That's what they're going to say. But it's going to be locally a very huge repricing. The banks can make the price whatever they |
122 | 00:24:43,140 --> 00:24:52,950 | want it to be folks. Period. It doesn't matter if you'd like me, doesn't matter if you agree with me. That's the facts. It's their commodity. They can set the |
123 | 00:24:52,950 --> 00:24:59,790 | price to whatever they want. Carefully, consider |
124 | 00:25:00,000 --> 00:25:09,780 | What you're doing in the coming weeks, I personally have told my own students, I said, I'm not going to be putting myself out there. I don't want anyone to get |
125 | 00:25:09,780 --> 00:25:21,090 | hurt. And I'm going to be filling up these coming weeks with just mainly teachings. And I am not willing to do anything with opinions, or analysis |
126 | 00:25:21,090 --> 00:25:31,770 | forecasting. As we get closer to the election, this week, here, the 26th of October, to the sixth of November, I made a very blunt statement, I'm not |
127 | 00:25:31,770 --> 00:25:45,570 | talking about the future, in the charts. During those weeks, as we get closer to those weeks, I'm gonna be dialing back my opinions also, if I've been doing this |
128 | 00:25:45,570 --> 00:25:59,580 | for almost three decades, and I'm telling you, this is how I see it. And while I'm not perfect, while I'm not 100% I'm pretty good. And every fiber in my being |
129 | 00:25:59,940 --> 00:26:12,060 | is screaming right now, to warn you not to do anything stupid. Don't trade with your normal leverage, if you think that you're good at trading. Regardless of |
130 | 00:26:12,060 --> 00:26:25,620 | what you've made in the past, folks, listen, we're going into the perfect storm, the perfect storm, we have a perfect fall guy in the White House, he can be |
131 | 00:26:25,620 --> 00:26:38,880 | blamed for everything. We have someone that could potentially take over the White House that doesn't really have their mental faculties together. There are |
132 | 00:26:38,880 --> 00:26:57,750 | so many things at stake right now. And so many opportunities for the sheep to be fleeced. Don't stand with the herd. Stay in the brush. don't participate. Don't |
133 | 00:26:57,750 --> 00:27:06,570 | look at these coming weeks as I'm going to get rich, I'm going to get these big moves to come. Because that's what a gambler says. The Gambler and all of us has |
134 | 00:27:06,570 --> 00:27:19,200 | to be controlled. That's the one in you. It's taking the unnecessary risks, not using a stop loss, more trades than they should. Over leveraging. That's the |
135 | 00:27:19,200 --> 00:27:32,520 | gambler. Every one of us has that person in us first to conquer. This The next is the trader. The trader needs to know what he or she is going to do. And when |
136 | 00:27:33,420 --> 00:27:45,060 | where does that information come from? The analyst that's in all of us. Sadly, most Instagram celebrities are just the gamblers masquerading as traders that |
137 | 00:27:45,060 --> 00:27:56,550 | aren't even analysts. The analyst has the most sober opinion about what likely is going to occur and how to manage the expectations and executions that the |
138 | 00:27:56,550 --> 00:28:04,740 | trader in you should follow. So all of you have three personalities whether you want to admit it or not. That's what's going on. You're wrestling these three |
139 | 00:28:05,190 --> 00:28:17,880 | identities, and each of us are always at odds with one another. But you have to trust one of them. And that is the analyst. The analyst in me is saying we are |
140 | 00:28:17,880 --> 00:28:30,060 | getting into an area where there's an on believable amount of risk that most people are just simply not talking about. It's all about getting rich. It's all |
141 | 00:28:30,060 --> 00:28:45,090 | about making money. It's about taking trade signals. Join my this and join my that I'm just trying to be a voice of reason, folks. I hope I'm wrong. I hope |
142 | 00:28:45,090 --> 00:28:58,980 | I'm wrong. But I wasn't wrong in 2016. Look at the state of the world in the US. I said the streets would be wild wild west. And it is I say we polarized to a |
143 | 00:28:58,980 --> 00:29:08,460 | degree that we'd never met before. And we are tried to impeach him. Well, they did impeach him, but he tried to remove him from office and I'm not here to |
144 | 00:29:08,460 --> 00:29:22,260 | defend Trump. Okay, I'm I'm disgusted by both of them. Really, if I want to be honest with you, I'm not happy with either one of them. But my opinion about |
145 | 00:29:22,260 --> 00:29:36,660 | that is of no importance. And frankly, you shouldn't even consider that. All I'm saying is that the environment that this entire thing is presenting us try to be |
146 | 00:29:36,720 --> 00:29:49,290 | sober in your thinking and just acknowledge the potential risks. Take a hiatus if this is the the only time that you go back to a demo account if your |
147 | 00:29:49,290 --> 00:29:52,380 | treatment my funds, do it. Because |
148 | 00:29:54,270 --> 00:30:08,490 | the safety in that and the ability to preserve potential prismic losses is far better than going in there and rolling the dice. And getting caught offside on |
149 | 00:30:08,490 --> 00:30:20,640 | something that you wish you would have never done. Maybe there won't be anything happening. Maybe there won't be any big volatility move. I hope I'm wrong. I |
150 | 00:30:20,640 --> 00:30:32,820 | absolutely hope I'm wrong. But I knew something was coming in October last year, when I was operating on Twitter, which I don't have a Twitter account anymore. |
151 | 00:30:33,420 --> 00:30:44,160 | And I said that we're gonna have some real problems here and Something Wicked is coming. And then everybody got sick. And then I said the day before the stock |
152 | 00:30:44,160 --> 00:31:02,010 | market crash, I said, we're going to crash and we did. I have bigger sense of urgency in me screaming this to say what I'm saying that's all. You don't have |
153 | 00:31:02,010 --> 00:31:14,430 | to like me, folks. You could be the guy or gal that's thumbing down my video. If you are speculating. Just consider the potential risks. That's all I'm saying. |
154 | 00:31:17,700 --> 00:31:22,590 | Or choose not to. Until next time, wish good luck and good trading. |