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ICT YT - 2022-02-23 - ICT Mentorship 2022 Episode 11.srt

Last modified by Drunk Monkey on 2022-02-23 09:22
1 00:00:06,029 --> 00:00:15,479 ICT: Alright folks, welcome back a little bit earlier broadcast today, as some plans this evening, so I want to get it out of the way. Alright, so we're
2 00:00:15,479 --> 00:00:25,559 looking at, obviously a hindsight view of something I pointed to before it happened. So that way, you guys got a chance to see what it was like for my
3 00:00:25,949 --> 00:00:33,749 private mentorship group. When I say these things, it's almost like an invitation for some of you to email me to ask the join that you can't join it.
4 00:00:33,959 --> 00:00:44,219 Okay? I'm teaching mentorship on YouTube. Okay, so that way, you don't need to reach out to me, okay, it's, I'm teaching right here, and you didn't have to
5 00:00:44,219 --> 00:00:52,379 send me any credit card information, you don't have to set up any kind of PayPal account. There's nothing to worry about. You either watch it and enjoy it and
6 00:00:52,379 --> 00:00:59,429 get something from it, or you never come back and watch anymore. Okay, it's very simple. But I'm getting a lot of feedback from the comments. And it's been very
7 00:00:59,429 --> 00:01:10,259 positive. So I thank you for that. It's very encouraging. Alright, so we're looking at the E Mini Nasdaq futures contract for the March delivery. If you
8 00:01:10,259 --> 00:01:21,839 remember, I was outlining this imbalance in here, okay, and I gave you the high of this candle below that candle, which it should be sitting right on that. So
9 00:01:22,709 --> 00:01:32,489 with this imbalance, we traded down to a discount back up to a premium. Again, measure the high to the low and I'll do that for emails and then some of you're
10 00:01:32,489 --> 00:01:33,569 like, Can you do it for me?
11 00:01:40,860 --> 00:01:54,390 Alright, so here's 50% of equilibrium, inside this dealing range high and low. So we traded from these lows up into a premium above 50%. Below 50% is a
12 00:01:54,390 --> 00:02:05,010 discount up here, we tried to rally up above this high failed, broke back down below 50% and created a gap. Okay, so it comes up back into a premium market
13 00:02:05,010 --> 00:02:17,970 above 50% and fills in the gap. I mentioned how this type of retracement can low traders into likely thinking it's going to go higher. But we're thinking down
14 00:02:17,970 --> 00:02:26,370 here. Okay, the liquidity resting below here is what they're going to attack. So all of this consolidation just sets up another selling opportunity that run down
15 00:02:26,370 --> 00:02:32,970 there. And again, you're welcome to go back and listen to the previous discussion join. And you'll hear me basically say that we're going down here.
16 00:02:34,650 --> 00:02:45,780 Alright, so it needs to rebalance this first. And it spends three days in that range. That is that, then it releases that a downside attacks the sell side here
17 00:02:46,770 --> 00:02:55,680 and trades into the sell sell equity resting below here. So let's go into a lower timeframe hourly chart, and ferret out some more information in details.
18 00:02:55,890 --> 00:03:05,220 Alright, so here is the hourly chart, you can see that high end of the fair value gap and the low end of the V Ray gap, which ended up into that sold off
19 00:03:05,610 --> 00:03:19,080 consolidated sold off once more. Any watch me share on the Community tab. My life trades from yesterday, it was traded through TD Ameritrade, it was not a
20 00:03:19,890 --> 00:03:33,300 demo account. Okay. So I want to go into what I used, what I saw. And then obviously, I'll show you in the account where the details were okay. All right.
21 00:03:33,300 --> 00:03:46,500 So the market started trading. Rally rallied up took out a short term high on Friday. See that then started to break down on the overnight I was watching
22 00:03:46,590 --> 00:03:55,560 this, but I was hoping that it didn't take out that low before the morning, I wanted to see it, trade up there, take that high out and then consolidate after
23 00:03:55,560 --> 00:04:02,880 running below that short term low. I didn't want it to be in a hurry before the New York session in the morning. Because that would have set up a nice short up
24 00:04:02,880 --> 00:04:14,520 here where I could have taken a run under this low and then see if I can capture a reentry, which is the entry you'll actually see me do. And then the drop down
25 00:04:14,520 --> 00:04:22,950 in here. Now Monday it was a bank holiday. And trading stops at one o'clock in the afternoon on holidays generally. And resumes around the clock in the
26 00:04:22,950 --> 00:04:31,530 afternoon New York time. And where we stopped here, we had already moved aggressively lower and stopped right there. So I felt very strongly that we were
27 00:04:31,530 --> 00:04:46,230 going to get down below it and engage this the beautiful gap lower and run immediately. But I was looking at the 13 590 13 586 level, real time and I
28 00:04:46,230 --> 00:04:55,800 couldn't get to my screen fast enough to close it out there. And I didn't want to put a limit order in because if it got really far down below and started
29 00:04:55,800 --> 00:05:06,960 running really lower with a lot of speed and such. I didn't want to limit My profitable exit with having a limit order in. So I just left it open ended. And
30 00:05:06,960 --> 00:05:15,840 I wanted to see how far it would reach down in there. By the time I closed the trade, it closed me at 13,006 12 and a quarter. So my entry was 13,008 58 and a
31 00:05:15,840 --> 00:05:30,480 quarter, the exit was 13,006 12 and a quarter. That's not a little bit of ticks. Okay. 240 some plus handles. So do you take that 240 Some times that by four,
32 00:05:30,600 --> 00:05:37,980 there's your tick value for those like to keep counting, then you've been dropped down into a 15 minute timeframe.
33 00:05:44,160 --> 00:05:59,910 Alright, so we had that run on Friday's high here. Start of the break down. And at 1030 in the morning. 1033 was the actual film. So it was great in that candle
34 00:06:01,740 --> 00:06:13,200 are in here. Trading in that candle going short. So we're going to go into the details and look at why that was the case. Again, you'll see the live account
35 00:06:13,200 --> 00:06:23,400 login in the business. Okay, so this hold on to your horses that that's the attitude you have right now. Oh, you in hindsight. So we're going to go into a
36 00:06:23,880 --> 00:06:32,250 five minute chart start going down into the details here
37 00:06:37,500 --> 00:06:49,080 is a little bit taller so that you can appreciate the imbalances that are being shown. Alright, so we had this rally up, which in my mind was acting like a
38 00:06:49,080 --> 00:07:02,580 Judas swing in the morning. Okay, so here's 830, it starts to run higher. So I want to be in going short, at this candles opening. And you can see that, well,
39 00:07:02,580 --> 00:07:17,010 maybe you can't see it. The opening price over here. Okay, here is a 13 candle right there. The opening at 13 798 and a half. So I want to be preferably going
40 00:07:17,010 --> 00:07:29,040 short, something above that price. Okay, so I'm anticipating further weakness. And before I go any further and this one, I got several people, probably about
41 00:07:29,820 --> 00:07:38,640 half a dozen or so mentioning their confusion with why I mentioned the opening price at New York at midnight, and in the opening price at 830. In the morning.
42 00:07:40,140 --> 00:07:48,270 There's two reference points being specifically dealt with there. If you're looking at the entire daily range, you're going to use the opening price at
43 00:07:48,270 --> 00:07:55,890 midnight. But if you're going to be looking at the morning session, you're going to be looking at the 830 in the morning opening price. Okay, so hopefully it's
44 00:07:55,920 --> 00:08:03,750 made a distinction there. Don't worry, I have a market structured lesson coming up on Thursday that will further solidify and remove all doubts and concerns
45 00:08:03,750 --> 00:08:11,040 about that. Okay. But for now, let's just go through this one. So 830 in the morning, the opening price I'm bearish, I'm thinking we're going to go down
46 00:08:11,040 --> 00:08:23,760 below that green level there. That's the old daily low. So when this candle here at 830, I'm expecting all this being a fake rally. It's something too low in
47 00:08:24,090 --> 00:08:31,110 traders that chase it going higher. The retracement, people that don't really understand order blocks are going to say look at that it's a down close candle.
48 00:08:31,500 --> 00:08:38,310 I'm going to buy that and then when it starts to go up like that they feel wow, this is really easy. Every down close candle after a run up is a short block.
49 00:08:38,340 --> 00:08:54,870 It's not in here is the real context. Okay, we have an imbalance there. And that's what I'm looking at. I'm looking at this imbalance great. There. So I'm
50 00:08:54,870 --> 00:09:09,030 trying to operate inside that range for short. Yeah, I know because of the volatility. It can color outside the lines, and it's okay. The bodies of the
51 00:09:09,030 --> 00:09:17,790 candles are kind of supporting the idea what I'm looking for, but the wicks I could care less about because I want to get in when it's ideal. And I'm gonna
52 00:09:17,790 --> 00:09:22,530 show you what that will look like for me at the time. So we're gonna drop down into a four minute chart
53 00:09:27,480 --> 00:09:36,240 Okay, so here's that imbalance and fair value gap on the five minute chart but now it's a little skewed because it takes up two candles to show that range to
54 00:09:36,240 --> 00:09:49,530 market trades up and rate in that candle. That one right there. That's where I'm going short. I got in at 1033 Okay, that was my short dropping down into a three
55 00:09:49,530 --> 00:09:50,160 minute chart
56 00:09:56,520 --> 00:10:06,330 Okay, the market trades up, works inside that imbalance And right there at 1033, that candle. When it's starting to bump up against the top end of that fair
57 00:10:06,330 --> 00:10:16,110 value gap right there. As it hits that and starts to move away, I'm in there. I'm going short right there. The reason why I'm trusting that, and not thinking
58 00:10:16,110 --> 00:10:27,210 it's going to go higher is because we have this high here. Okay. And then we have this high here, which highs higher, this one or that one. Obviously, this
59 00:10:27,210 --> 00:10:40,080 one. Now, this candles high, watch what happens. From this high, we have a short term swing high next to it here. And then we have one here. So this one makes a
60 00:10:40,080 --> 00:10:52,470 intermediate term high. So we have a long term intraday on a three minute chart, which sounds like an oxymoron, no, but long term high, intermediate term high,
61 00:10:53,190 --> 00:11:04,050 because this highs lower than that one. But we have a swing high here and here that are lower both being lower than this one, then we have the same context.
62 00:11:04,680 --> 00:11:16,710 Right here, we have a high with a lower high on either side of it. So I have market structure behind me showing that this is number one, it's a bearish
63 00:11:16,710 --> 00:11:23,640 market, because my draw on liquidity is down here, it hasn't traded down there yet. Okay, so it's gonna act like a big magnet. So all these fluctuations in
64 00:11:23,640 --> 00:11:31,200 here, without understanding what I'm showing you, it's gonna feel like it's just noise, it's chop, it's not, it's actually telling you exactly what it's going to
65 00:11:31,200 --> 00:11:40,020 do. So the swing high here is an intermediate term swing high. So I want to be going short, real close to this high, because it's likely to break like it does
66 00:11:40,020 --> 00:11:54,240 here. So at 1033, when it hits the upper end of that fair value got, I have it now at this moment, go back one candle, we have this high, higher high in the
67 00:11:54,240 --> 00:12:06,690 lower highs that we have high with a lower high on either side of it, that's a swing high, that is lower than this one. That is lower than that one. So it's
68 00:12:06,720 --> 00:12:17,160 far more than just oh, he says looking at lower lows, lower highs. That's what a myopic individual would come in, watch this. So like when they see me put a
69 00:12:17,160 --> 00:12:24,720 rectangle on the chart, they're saying, Oh, it's supplying to me, it's not, there's so many more factors involved, that it's just not even in the same
70 00:12:24,750 --> 00:12:36,990 vicinity. So sparing all that compare and contrast, because I've done a lot of that already on the videos on this YouTube channel. The elements of intermediate
71 00:12:36,990 --> 00:12:48,960 term, short term highs, I learned that from Larry Williams, okay, that mode of deciphering market structure. He taught that
72 00:12:50,430 --> 00:12:58,740 in a video course that I bought back in the early 90s. And it was a video course I mentioned many times in this YouTube channel, the future millionaires
73 00:12:58,740 --> 00:13:09,060 confidential trading course. Something that affected it was for VHS tapes. And when he talked about market structure, it kind of went over my head the first
74 00:13:09,060 --> 00:13:16,860 few times listening to it, like I didn't really understand what he was showing, until I started literally going into charts and saying, Okay, here's a swing
75 00:13:16,860 --> 00:13:25,170 high. And this is how you learn it. Okay, cuz trust me, watching this video, or watching someone else parrot what I say, and then say, Wow, he did it in five
76 00:13:25,170 --> 00:13:32,880 minutes, he's teaching it better. That's not It's not jealousy, me saying that. I'm telling you, you have no idea what you're doing, you're not even teaching it
77 00:13:32,880 --> 00:13:41,160 correctly. And those that believe that are learning it correctly, are going out there and are wrecking themselves. What you're looking at is a price chart with
78 00:13:41,160 --> 00:13:50,310 a directional bias, okay, something that leading to a draw and liquidity. So I've already told you last week that we were going to go below that green line.
79 00:13:51,270 --> 00:14:01,110 That's where we were heading. So what you're doing is you're looking at all the swing highs. And every time you see a swing high on a swing high, simply a high
80 00:14:01,410 --> 00:14:09,750 that has a lower high candle to the left of it, and a lower high candle to the right of it in the one in the middle. That's your swing high. Note that, okay?
81 00:14:09,750 --> 00:14:17,460 In the old days, when we printed out our charts and such, we had chart books delivered to us, we would get them once a week, they would give us the Friday's
82 00:14:17,460 --> 00:14:27,990 closing data and all the daily candles. And then until we got our new updated chart book, we had to hand draw in the open high low and close on the charts on
83 00:14:27,990 --> 00:14:36,780 the markets that we were following. So whenever we saw a swing high or swing low, we would just put a little ring above it little circle, okay, like a little
84 00:14:36,780 --> 00:14:50,310 halo, and that would be a short term high. Now, I would do a double circle or double Halo for an intermediate term high and then three halos for a long term
85 00:14:50,580 --> 00:15:04,350 swing high. So that way when I'm looking at price, it allows me to classify that level of height that is is forming. So it's not just lower low, lower high. No,
86 00:15:04,380 --> 00:15:11,850 you got to look at the nesting effect of the highs and lows. And again, that concept I learned from Larry Williams in the early 90s. He talks a little bit
87 00:15:11,850 --> 00:15:20,040 about it in his book, how I made a million dollars in commodities last year, which I believe is absolutely still essential reading, even though there's a lot
88 00:15:20,040 --> 00:15:30,600 of things in that book, I think, is just fluff in just like all the moon phases and things I'm not into all that stuff. But his chapters on market structure in
89 00:15:31,950 --> 00:15:41,940 your his million dollar trading concepts, those ideas in that premise behind it, they are still true today, and they probably will always be true. So if you
90 00:15:41,940 --> 00:15:48,900 don't have that book, my recommendation is to get it. Go and get it where we can, I'm not going to put any kind of affiliate links upset, we can't think I'll
91 00:15:48,900 --> 00:15:57,480 make any money. By shilling his his books, I just think it's a really good book. And at least once a year, I go through and read it just for nostalgia reasons.
92 00:15:57,480 --> 00:16:09,750 But I got it pretty much remembered verbatim. But by looking at that relationship of the highs, I trusted this because we had a swing high here
93 00:16:09,750 --> 00:16:16,080 already in effect. And I know this candle here is not likely to go above this one, because this one didn't go above that one. And this one didn't go above
94 00:16:16,080 --> 00:16:30,990 that one. Not because it's lower lows and lower highs, there's much more going on underneath the surface than just lower lows and lower highs. That's just it's
95 00:16:30,990 --> 00:16:37,680 cringy. When you hear people talk like that, and each other, reduce it down to something like that, or it's a Support Resistance idea. It's just buy the floor
96 00:16:37,680 --> 00:16:45,900 and sell the ceiling. Okay? Or why doesn't ICT look at this trade over here in history, because those trades are being referred to in hindsight by those people
97 00:16:45,900 --> 00:16:53,460 that talk like that. I'm literally taking live trades, I'm taking them, I'm executing on them. And I know why I'm doing it. I'm not guessing. I'm not trying
98 00:16:53,460 --> 00:17:02,700 to figure out or deciphering what it is, after I get in a trade. I know what I'm looking for. And I know why I'm waiting for it. That is something that you
99 00:17:02,700 --> 00:17:13,620 learn. By developing patience and trusting a model, the only way you trust it is to go through back testing. Look at all these price action moves, and start
100 00:17:13,620 --> 00:17:20,670 classifying the swing highs and swing lows. I will amplify what I just talked about here on Thursday's lesson. Okay, because there's these lessons going to be
101 00:17:20,670 --> 00:17:25,890 on market structure. Okay, I'm going to teach a lot of people out there that think the newest market structure, they don't really know that much at all,
102 00:17:25,890 --> 00:17:39,270 actually. But if this is the keen on trying to get in, and I execute on with all the understand this outline there. I want to see displacement. We get it here.
103 00:17:40,080 --> 00:17:46,350 Now, if I didn't take this trade here, I could trade with the return back to this right here. Why?
104 00:17:47,430 --> 00:18:03,690 Why is that possible? We have a swing high, it's broken to the upside. This low is taken out here. This candles hot here. If it touches that, again, I can be
105 00:18:03,690 --> 00:18:15,480 short, they're just using the imbalance in the fair value gap entry technique I'm teaching you. So I can go there and get short. Or I want to get up here as
106 00:18:15,480 --> 00:18:27,420 close as I can to that important high that I've already outlined here. So I want to be in that and wait for that initial move, because then when this occurs when
107 00:18:27,420 --> 00:18:45,240 you're that high up in the what the session Hi. So at 830 right there, this run up, I'm real close to this high. By entering there. Notice that I'm not waiting
108 00:18:45,240 --> 00:18:59,760 for a breakout below that low. So I'm getting up in there where it's an optimal entry. I don't need to get the highest high, you don't need to get the highest
109 00:18:59,760 --> 00:19:07,770 high. But you need to understand why it should be trading away from the levels you're trying to enter it. And that's kind of like what I'm showing you here.
110 00:19:07,800 --> 00:19:16,320 I'm hinting at a deeper lesson I'll give you on Thursday. But the displacement comes, which is what I was waiting for. And it gives you a confirmation when
111 00:19:16,320 --> 00:19:24,300 this occurs. It's just so much like okay, just sit back and just relax and just let it do its thing. Now Monday, again was a holiday so I knew I had to
112 00:19:24,300 --> 00:19:37,320 abbreviated session hour so it's going to close at one o'clock. So that's right in here. And then next candle obviously would be one o'clock and it's not
113 00:19:37,320 --> 00:19:49,050 trading. So I closed but it closed here at one o'clock and then the holiday session closing at 1pm in New York local time, and the low that green level
114 00:19:49,050 --> 00:19:57,960 there. Remember go back to the daily chart in the beginning in the video and what we were referring to last week. The liquidity the cell stops below this
115 00:19:58,230 --> 00:20:09,780 green line that's where it was going to Attack, okay. And it came in and did so it opened up six o'clock in New York Time opened up in slammed down,
116 00:20:10,440 --> 00:20:25,560 accelerating lower. That is the move that you want to see being short up here. And carrying down below here. Once it does that it runs in low deep. That's it,
117 00:20:26,250 --> 00:20:34,350 take your profits and move to the sidelines and then wait because you have a big gap here, it's likely to come back and rebalance that and fill it in. And it
118 00:20:34,350 --> 00:20:55,230 does, and then ultimately, trades around that old low. And eventually pumps up into the afternoon consolidates then goes into the early morning, matching
119 00:20:55,230 --> 00:21:10,230 hours. Great there. And I showed how this set up because after a big move, you don't want to trade on the morning session. Just don't do it. And I purposely go
120 00:21:10,230 --> 00:21:23,670 into a demo account to appease that desire to want to trade. So I don't burn the account, I don't take the heat off of a nice win. And replace it or dampen it by
121 00:21:23,670 --> 00:21:35,880 taking a losing trade. In my history. In the last 30 years, I've been fortunate enough to know how I have heard myself, notice things of the things that I like
122 00:21:35,880 --> 00:21:42,240 the mentor with. But those are also the lessons that everybody complains about. Until they lose money. And then they come back to me and they're like, I wish I
123 00:21:42,240 --> 00:21:50,640 would have listened. So I get it, you know, everybody has their own interpretation, what they should be doing how you should be learning it, but you
124 00:21:50,640 --> 00:22:01,530 know, I've lived it, you're just now moved in learning about it. So when I have a nice winning day, as you'll see, it was a nice little win. I'm not in a hurry
125 00:22:01,530 --> 00:22:10,920 to go back in. And then you have these days here where it can trip you up, you don't know what's going on, you'll know what's likely occur. So I went in and I
126 00:22:10,920 --> 00:22:20,820 demo traded, and used again quote unquote discount broker leverage to compare and contrast those fellas out there that like to work in their market, replay in
127 00:22:21,450 --> 00:22:32,730 paper, trade their stuff with NinjaTrader. And then you can compare and contrast what I'm doing with trading view. So he kind of like scratches an itch. And it
128 00:22:32,730 --> 00:22:39,930 keeps me out of trouble with a live account. Because if you catch a good look in the marketplace,
129 00:22:41,190 --> 00:22:51,210 and you've had winning trades, or you caught a really nice winning trade, that you had to wait for the setup to pan out. When that occurs. If you're new, you
130 00:22:51,210 --> 00:23:00,300 have an impulsive tendency to want to go back in immediately and get that dopamine hit again by I did something right? You know, I made money. When I was
131 00:23:00,300 --> 00:23:12,030 a younger man, I did that. And I had some really nice run up to the account, and then boom, I get a really big winning trade. And all of a sudden, I feel like it
132 00:23:12,030 --> 00:23:20,310 wasn't enough. Because I was solo nobody around me was supporting me, I had no support structure around me none. I didn't have an A saying, hey, what you do is
133 00:23:20,310 --> 00:23:32,550 awesome. You don't need to worry about anymore. So it was just me saying I had to do more. So one of the mental hurdles you're going to have to contend with is
134 00:23:32,550 --> 00:23:43,020 knowing when enough is enough. And when you've made money, real money in a live account. You just don't want to rush to get back in there again. You get folks
135 00:23:43,020 --> 00:23:49,560 out there that sit on social media and say you know, you got to push your edge. No, you don't want to push your edge because if you keep pushing your edge
136 00:23:50,280 --> 00:24:01,260 you're gonna do it. The sharpen it by knowing when to get in and when to get out. And you don't dole your edge. Okay, so when I hear people talk like that, I
137 00:24:01,260 --> 00:24:06,630 already know they're not profitable. I know they're not profitable because they're gamblers. And they want to sound like they're doing something all the
138 00:24:06,630 --> 00:24:23,280 time. And they're not. And if they are doing it probably unprofitably. So this morning at 930. Again, what's the bias bearish? That has not changed even though
139 00:24:23,280 --> 00:24:33,240 we had this run up, it hasn't changed. So at 930 equities open after consolidation. It runs up, creates a high and then runs up again takes out the
140 00:24:33,240 --> 00:24:46,290 high that right there is your run on stops. Wait to see if it wants to break down. It does. So we're going to look at that and refer back to the video just
141 00:24:46,290 --> 00:24:53,130 put a little short video up this morning and outline the whole business the I don't want to do it here because it's just rehashing what already showed in a
142 00:24:53,130 --> 00:25:04,710 very short one minute or so video. But ultimately, Rita here we have a nice little selling opportunity. And you can attack the fair value gap and here
143 00:25:04,740 --> 00:25:12,480 between the low and the high, right there it would be. And if you want to trade with the longer term bias, you could attack the sell side liquidity rustling
144 00:25:12,480 --> 00:25:22,320 below here. And here, because they're relatively equal lows, and then you would have got a nice fill there as well. So I teach in a manner that allows my
145 00:25:22,320 --> 00:25:29,490 students to pick number one, the style of trader, they want to be they want to be a day trader, they want to be a scalper, they want to be intraday swing
146 00:25:29,490 --> 00:25:39,900 trader, if they want to be a short term trader, we hold Newton overnight. Or if you want to be a daily chart, swing trader, or four hour chart swing trader,
147 00:25:39,900 --> 00:25:49,170 where you're holding you for a week or more, if you want to do a position trader, which to me, I don't have, I don't have that mentality to do that I have
148 00:25:49,170 --> 00:25:57,840 too many things, show up on a chart that make me change my mind all the time. So I have a lot more opportunities, because I think short term, and I excel in
149 00:25:57,840 --> 00:26:08,430 short term, it that does not mean that that is not a proper way of trading when it's position trading is I don't match that personality wise. So I like to Excel
150 00:26:08,430 --> 00:26:18,270 where I'm strongest, and it's an intraday trading. And I can run the account pretty quick with velocity, I can get in get short term moves in this parlay
151 00:26:18,270 --> 00:26:26,370 them out real quick, which is kind of like what I was demonstrating, you know, facetiously this morning with the woman in video telling my news at the quarter.
152 00:26:26,730 --> 00:26:39,720 So we're looking at the likelihood of potentially going back down below that level. Again, if it does, it'll probably start to accelerate. I like 13,300. If
153 00:26:39,720 --> 00:26:48,630 we get, you know, on a roll going lower, I like that one. And maybe even if we get really excited, you can trade down into 12 1000s. Okay, 12,008 50 12,008 75
154 00:26:48,630 --> 00:26:57,210 in that area. So just something to think about. I'm not suggesting you should take a trade in or not, but just thinking out loud. This lesson, obviously, it
155 00:26:57,210 --> 00:27:03,480 was a little bit fast and loose. And then we'll be a lot more structured on the market structured lesson on Thursday. Hopefully you found this one insightful.
156 00:27:03,900 --> 00:27:15,390 And I'm going to show you again, this was a trade actually took with a live account. Alright, so I'm going to log into my TD Ameritrade account. And I'll
157 00:27:15,390 --> 00:27:22,290 show you a result of a trade I took yesterday. I have not taken any live trades today.
158 00:27:30,540 --> 00:27:41,550 Again, this is just a show, real executions are being done. I like to teach with a demo. But just the answer to folks. They're just really hardline critics or
159 00:27:41,550 --> 00:27:56,760 just want to know, can I push the button, push the button RCT. Alright, so here is the business for last six days trading. And again, this account is just to
160 00:27:56,760 --> 00:28:06,600 show what I believe a student could do. Now right away, look at this right here, this is this is not a losing trade. It looks like negative $2,700.55 2755. What
161 00:28:06,600 --> 00:28:16,620 that is, is an adjustment by the broker. Because at the time of settlement, when I closed the trade, it showed that I was up $4,920. And because of their
162 00:28:16,620 --> 00:28:26,250 accounting, they were just showing that they were reflecting a gain of $7,675, which is not a actual realized result for me. It was them doing the
163 00:28:26,250 --> 00:28:34,140 administrative side. It's a broker thing, trust me, I cannot do anything to make that happen. It's not me doing some funny money business. Okay, anybody that
164 00:28:34,140 --> 00:28:42,090 trades with live funds, they've probably seen this happened in their own account. So over here, you can see the execution just today. At a scratch route
165 00:28:42,090 --> 00:28:50,610 got a little too early, it was only ambitious. And in the second one, I wasn't sure it was gonna go higher or lower. And just to appease my curiosity, I threw
166 00:28:50,610 --> 00:28:59,970 a short end just to see what we get snapped against me a little bit. Not not much but still enough to get my attention. And I knew what I was looking for. So
167 00:28:59,970 --> 00:29:08,010 here's the short I just outlined in the previous portion of this video. wrote all that down held for the gap opening at the reopen at six o'clock and there is
168 00:29:08,010 --> 00:29:21,750 the clues of the trade right there. Nice little dandy $4,920 fixes the little pinch, I took on the one trade earlier in the day. And the one scratch was
169 00:29:21,750 --> 00:29:30,660 nothing covering costs. Okay, and again, there's the business there. That's the entry and that's the exit and there's no commission costs on the one above that.
170 00:29:30,780 --> 00:29:36,660 You can see that was not a trade. I hope you found this insightful, and I'll talk to you on Thursday. Be safe