Skip to Content

ICT YT - 2022-04-01 - Real Money Real Results - First Year Trading Expectations - Part 1 of 3.srt

Last modified by Drunk Monkey on 2022-04-03 19:48
1 00:00:03,000 --> 00:00:12,120 ICT: All right, this video and the two following it in this series is important. So you make sure you read this disclaimer because it's very applicable
2 00:00:21,570 --> 00:00:35,730 Alright, so we're gonna take a look at some perspective here, get question all the time. Today's date is March 31, is 12:39pm. And a login to TD Ameritrade
3 00:00:35,730 --> 00:00:48,450 account. See, it's a live account. And I get questions all the time. What is realistic? What is possible? What is the expectation, in my opinion as the
4 00:00:48,450 --> 00:00:58,890 mentor, what should my students expect, and that's what these three videos are gonna more or less address my opinion, okay, my opinion is not a cast in stone,
5 00:00:58,920 --> 00:01:08,670 everybody gets the same result type thing. So we're gonna take a look at the results. When I first started with this account, and I opened the account last
6 00:01:08,670 --> 00:01:18,720 year late, I think New like, now, I think it's in December, or sometime, maybe FaceTime or something like that, in anticipation of the new year. So what I'm
7 00:01:18,720 --> 00:01:33,930 doing here is opening up the range from the date of January 1 to the 31st of January 2022. And I'm going to set up the print. And I'm going to make these
8 00:01:33,930 --> 00:01:44,760 margins a little bit wider. Now, this is going to be a very boring, boring video series. Okay. But it's necessary, not necessary for majority of you, because
9 00:01:44,760 --> 00:01:52,200 most of you that are constant readers and viewers and students of mine, you don't really necessarily need to see these types of things. But there's a small
10 00:01:52,200 --> 00:02:02,760 number of you that make a business out of saying that I'm a fraud, and I can't trade my funds. And it only works in hindsight, cherry pick demo trade. So I'm
11 00:02:02,760 --> 00:02:15,720 going to submit this for you all to gag on. Alright, so I'm going to print the January statement, everything will be included so that we will see the cash
12 00:02:15,720 --> 00:02:27,480 sweep the balance between each trading day at the beginning of new trading, you'll see what the balance was, there's no transferring of money, okay. So you
13 00:02:27,480 --> 00:02:34,140 can see there's several days, there was nothing going on. And I'm going to actually go into the statement here.
14 00:02:40,620 --> 00:02:51,210 All right. And I'm just going to show you that that's the time right here. And I'll pull back up the system time that it was printed at this date. At that
15 00:02:51,210 --> 00:03:00,450 time, everything matched when I logged into the account. The time it transpired for me to let it complete its printing, and create the PDF file. I'm just
16 00:03:00,450 --> 00:03:08,070 scrolling through that. That way you can when you have the actual PDF file, which I'll link in the description below this video. And in part two, and three,
17 00:03:08,940 --> 00:03:17,640 you'll have access to download directly the actual PDF file, so you can actually see every single transaction that time that I entered in the trade, you can do
18 00:03:17,640 --> 00:03:26,400 your own work on, you know what it look like at the time. But let me just state that majority of what you're going to see here is me creating a scenario for my
19 00:03:26,400 --> 00:03:38,040 students who have asked many things in this presentation, how to correct drawdown, how to protect overtrading, how to mitigate losing streaks, and how to
20 00:03:38,040 --> 00:03:48,090 come back through it without using excessive over leveraging, which I can't ever leverage because I'm using this broker and they're using the margins that are
21 00:03:48,090 --> 00:04:02,790 set by the exchanges. So I'm only conducting trading on one contract anytime you see two contracts, it's me dealing a reversal trade. Okay, so that's the
22 00:04:02,790 --> 00:04:12,060 business there on the statement. And that way, you'll be able to see that what I printed here real time in this recording, as real as I can get it for you. It's
23 00:04:12,060 --> 00:04:23,490 going to match your actual hard copy in PDF format. Now you may have noticed that I'm showing you the full account number. I've facetiously done this. Every
24 00:04:23,490 --> 00:04:31,500 time I've shown the Live account, the very first time I showed it. I blocked it out but anyone that slowed the video down the beginning to see that this is
25 00:04:31,500 --> 00:04:39,540 actually the very account number that I started with. So there's no tomfoolery there. So I'm going through each individual day here showing you there was no
26 00:04:39,540 --> 00:04:49,680 trades taken an actual first trade I entered on this account was January 14, I funded the account with $25,000. I read a lot of comments going back and forth
27 00:04:49,680 --> 00:04:58,200 between trolls and people that are actually in support of me saying that I started with 20,000 that I started with 23,000 It was $25,000 books. Okay, it
28 00:04:58,200 --> 00:05:10,410 was 25,000 and The shipping area, there's our first trading day, this is what typically will happen, the trader will be in a rush to get into a live trade in
29 00:05:10,410 --> 00:05:21,990 patience. And they'll be met with a losing trade. And they'll take it and hold it too long and take a larger loss than they otherwise would normally take in
30 00:05:21,990 --> 00:05:32,280 their system. Okay, and I'll show you the next trading day here. Now, I'm telling you, this is going to be a very boring process. But this is me literally
31 00:05:32,280 --> 00:05:42,900 taking you day by day by day showing you everything, nothing hidden. But look at this right here. Look at the broker did they deposited 200, some $1,000 into the
32 00:05:42,900 --> 00:05:52,170 account. Now, my trades don't match that. Okay, they don't, they don't show any kind of record of trades doing that. So naturally, when you see something like
33 00:05:52,170 --> 00:05:59,010 that, now the lady that one of the banks did a transfer, like a million dollars or whatever. And she went out and quickly transfer the money from one account
34 00:05:59,010 --> 00:06:06,360 suspended. I didn't even realize they had this money in that account. And obviously, it really wasn't because it doesn't reflect in the broker statements.
35 00:06:06,360 --> 00:06:14,100 It doesn't reflect in my trades. But the point is, sometimes things like that gets reported in the accounts, and there's nothing we can do about it. It's
36 00:06:14,100 --> 00:06:22,290 just, you know, something on there as a glitch, but you're gonna see something later on, when we get into March, where they actually were really messing with
37 00:06:22,290 --> 00:06:36,180 me. So now the taking the money back out of the account may be something you probably remember a couple of days, I got women. So here's some more details
38 00:06:36,180 --> 00:06:50,730 here. Alright, let's take a look at the next trading day. And again, nothing terribly exciting. It's a read about now, your traders getting more interested
39 00:06:50,730 --> 00:06:59,280 in trying to fix the drawdown, go back to your roles that you abandoned when you first started. And you start working towards getting back this is the day that
40 00:06:59,640 --> 00:07:07,500 the troll on the internet said I added money. And if he could see this, he would take down all the nasty things you've been saying in lying about. And you can
41 00:07:07,500 --> 00:07:14,940 see these are actual trades, that was not a micro account, these were minis okay, there's the actual details. So you can delete your channel, which I know
42 00:07:14,940 --> 00:07:29,070 you're not because you're getting ad revenue paying for your pool. So there's the business there. And we'll continue on with our details here. Okay, so now
43 00:07:29,070 --> 00:07:38,160 again a little bit better, in terms of taking your shot, picking your systems entry, sticking with it, not trying to do more than it's necessary.
44 00:07:39,480 --> 00:07:55,800 Same thing here, taking your trade, being contented with it. There's the details. And going to the next trading day for January. And again, a little bit
45 00:07:55,800 --> 00:08:11,370 more details. You can see the accounts growing. And eventually what will happen is you'll get a day where you do something wrong. Or you get into this mindset
46 00:08:11,370 --> 00:08:20,370 that you made an error let me fix it, you get into a trade you second guess it because you've been on a roll, okay? A winning streak can create days like this.
47 00:08:20,400 --> 00:08:30,240 Now this is me literally just pressing the button over and over and over again. And I'm trying to have this broker be booked me because I want to see if they'll
48 00:08:30,240 --> 00:08:38,340 do what eventually happened in March and you'll see it when we get to that month but right now I'm just doing a lot of trades the pantomime what would happen if
49 00:08:38,370 --> 00:08:45,990 you take a losing trade and you go into Revenge Mode. Okay, so this is like a revenge trading scenario we get any you start doing lots and lots of trades.
50 00:08:51,810 --> 00:09:01,500 As soon as you lose control over what you're focused on following in terms of your rolls, you need to stop even if it's losing trade you ended with stop.
51 00:09:01,860 --> 00:09:14,730 That's the easiest solution to fixing tailspins. Right back to the process of falling and looking for your setups. Nice little simple setup, taking that as
52 00:09:14,730 --> 00:09:32,040 your details on that. So you correct yourself by lowering your trade frequency, getting your win and stopping. So I'm going to pull up the calculator here she
53 00:09:32,070 --> 00:09:46,830 the ending balance on the last trading day of January minus the starting balance of $25,000. Here's $5,564 In divide that by the starting balance and that'll
54 00:09:46,830 --> 00:09:59,520 give you a rate of return of plus 22% Not bad. So we're going to do this same thing with month two or February 2022. So on top D then be safe