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Last modified by Drunk Monkey on 2022-04-03 19:48
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2 |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
3 |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
4 |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
5 |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,
6 |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
7 |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
8 |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
9 |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
10 |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
11 |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
12 |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
13 |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
14 |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.
15 |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
16 |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
17 |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,
18 |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
19 |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
20 |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
21 |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
22 |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
23 |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
24 |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
25 |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
26 |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
27 |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
28 |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
29 |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
30 |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
31 |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
32 |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
33 |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
34 |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
35 |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.
36 |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
37 |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
38 |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
39 |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
40 |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
41 |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
42 |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
43 |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
44 |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.
45 |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
46 |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
47 |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.
48 |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
49 |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
50 |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.
51 |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.
52 |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
53 |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
54 |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
55 |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