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