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ICT YT - 2022-08-27 - ICT Mentorship 2022 - Ends Series Vol 3.srt

Last modified by Drunk Monkey on 2022-08-27 08:24
1 00:00:07,319 --> 00:00:12,779 ICT: Welcome back, folks, this is part three of a continuing four part series, which I titled ends.
2 00:00:19,260 --> 00:00:30,000 Alright, just as a brief overview, this is the third installment. And last episode, we talked about the solution. This one is going to be the plan,
3 00:00:30,810 --> 00:00:36,210 determining the starting point, attacking one financial end and casting for the vision.
4 00:00:45,030 --> 00:00:53,970 Know, obviously, we talked about the problem, problem being, most people don't have enough income, their living expenses, some of them live above their means
5 00:00:54,210 --> 00:01:08,760 through lifestyle, but meeting those ends with the living expenses, that's the heart of this series. We talked about the solution, having multiple streams of
6 00:01:08,760 --> 00:01:25,560 income. And I had you sit down and list out all of your monthly ends, the bills that you have to make every single month, and how much that is, and then try to
7 00:01:25,590 --> 00:01:34,530 come up with a list of things hopefully, you can trim away that are not essential. Okay, things like streaming services and such, they add up. And
8 00:01:34,530 --> 00:01:45,570 indeed be surprised how many of those things do in fact, bleed out the monthly income in that your surplus income becomes in adequate, it's insufficient, it's
9 00:01:45,570 --> 00:02:00,270 not enough. So it makes the task of making ends meet harder. So now in this list here, your end that you settled in on one that you're going to be targeting as
10 00:02:00,270 --> 00:02:10,740 the lowest one may be different from the one I'm going to choose for this example. But for my example, and for this teaching, we're focusing in on food.
11 00:02:12,210 --> 00:02:21,060 Okay, so that will be essentially the grocery bill for the month. Now I talk to a lot of traders through Twitter, I asked a lot of questions that would help me
12 00:02:21,060 --> 00:02:33,720 get a baseline for median income. Now I use the United States as a baseline, these figures won't always line up with where you are globally. And again, it's
13 00:02:33,720 --> 00:02:44,400 just an idea, okay. I'm using this one because I think it's most important right now, because food is essential. You need it to live, you need to feed your
14 00:02:44,400 --> 00:02:52,500 family and yourself. But the costs of food, that's we're gonna use as our target objective each month for our case study.
15 00:03:00,840 --> 00:03:18,570 The plan will focus on an approach and plan of action that can harvest the monthly ends in cost of groceries. The budgeted cost per month is 1000 US
16 00:03:18,570 --> 00:03:29,100 Dollars pre tax. So in other words, assuming you were able to do this every single month, the entire year, that would be a gross income of $1,000 times 12,
17 00:03:29,100 --> 00:03:41,880 or $12,000. Obviously, that amount of money would be tax. We're not using that end net result. But we're looking for this as a plan of action to work towards
18 00:03:42,180 --> 00:03:56,280 using as a initial objective to grow from, obviously, we're not going to stay with just $1,000. But the first couple of months to overcome the adversities and
19 00:03:56,280 --> 00:04:06,270 uncertainties of trading. And the fear that comes along with not living up to expectations. What expectations is that the one that you arrive at by looking at
20 00:04:06,270 --> 00:04:16,590 social media and the frauds and the scammers that pretend to they make $500,000 in a week, okay, trading their demo account or their residency for servers, with
21 00:04:16,590 --> 00:04:27,390 their bogus brokers offshore that allows them to use these fake things to entice you. That's not what this channel is about. That's not the type of mentor I am.
22 00:04:27,930 --> 00:04:37,380 I'm giving you where the rubber meets the road approach where you've learned how to trade you've learned how to look for a repeating phenomenon and price action.
23 00:04:37,620 --> 00:04:50,490 I've given you a specific model and that model on the 2022 mentorship on this YouTube channel. The ICT model is the basis of this very series and how to take
24 00:04:50,490 --> 00:05:04,050 it and apply it to your personal life. This is just a suggestion. Instead of groceries. My son Caleb, he's you Using that $1,000 As a car expense each month,
25 00:05:04,110 --> 00:05:16,020 so he's going in to try to build up the idea of starting here, and then working towards adding a utility bill, and then adding car insurance, and then gas
26 00:05:16,200 --> 00:05:26,550 consumption each month, and then some kind of rental or mortgage payment that would be associated with a monthly payment. So he's going to be working with
27 00:05:26,550 --> 00:05:37,680 about anywhere between 36 to $3,900 per month. So that'd be his personal expenses. That's why he's going to try to work towards having a model that grows
28 00:05:37,680 --> 00:05:47,580 with that with a separate account. Now, obviously, the model he uses can do better than that, okay, but for the sake of building multiple streams of income,
29 00:05:48,030 --> 00:05:59,670 and having one account do one function, which is make ends meet, the account is not designed or intended to double every month, or quadruple over six months,
30 00:06:00,120 --> 00:06:09,960 it's meant to just harvest the amount of money that will be associated with the monthly expenses or partial others monthly expenses. So that way, it helps
31 00:06:09,990 --> 00:06:21,390 alleviate the pressures, the stresses of trading, the accounts that you're really trying to grow, you're not going to be enticed, or pressured into trying
32 00:06:21,390 --> 00:06:31,320 to trade them more frequently, because ends are being met. And by doing that, it gives him a means of eventually should he decide to do so. And he's mentioned
33 00:06:31,320 --> 00:06:39,660 this before creating a YouTube channel where he comes out here and he does his own thing, shares his results, shares, his trading shares, you know, whatever
34 00:06:40,080 --> 00:06:57,090 experiences he's had either coming up under me as his father and or his teacher in trading. We will focus on four opportunities per month intraday index
35 00:06:57,090 --> 00:07:08,190 trading, as a case study for this example. So we're gonna be only focusing on stock index futures. Now, you can make this Forex if that's where you're at, if
36 00:07:08,190 --> 00:07:18,150 you're not trying to do index futures trading, that's okay. But I'm giving you my case study, this is for again, my son, Caleb. So you're kind of like looking
37 00:07:18,150 --> 00:07:25,740 over our shoulder. So these are discussions I'm having with him in private, but I'm sharing it in a way where so that way everything's in record for my other
38 00:07:25,740 --> 00:07:39,360 children, they can use this and my grandchildren said, they find an interest in trading, they can use this as a means of a baseline. We will assume clearing is
39 00:07:39,360 --> 00:07:50,310 done with a discount broker with $4 Commission cost per trade. I'm not going to tell you the broker, but you've heard me mentioned them in passing. We will
40 00:07:50,310 --> 00:07:57,660 assume the account size is 25,000. US dollars to begin with now right away some of your thinking, okay, hold up.
41 00:07:59,010 --> 00:08:09,210 This is about making ends meet. How am I going to get $25,000 when I can't even make ends meet? Well, there's a pathway that's growing in popularity right now.
42 00:08:09,510 --> 00:08:19,740 And that popularity is swirling around funded accounts and prop firm accounts. Now I have zero experience with them. I've never done them. My son hasn't done
43 00:08:19,740 --> 00:08:33,990 any of them either. But there are several companies out there that I'm trying not to represent. And I had a few of them reach out to me to do like a you can
44 00:08:33,990 --> 00:08:44,400 we advertise to your channel type thing, and I'm not doing that. Okay. So there are some that are very popular. Some of them my students have gone through, and
45 00:08:44,400 --> 00:08:58,200 one of them recently did very well for himself. I'm gonna leave that decision up to you. Okay. You can talk to everyone in the community, my students are using a
46 00:08:58,200 --> 00:09:10,110 few of them. And on Twitter, I'm sure if you ask around through the replies that tweets that I've put out, just ask around and folks that are doing it. And if
47 00:09:10,110 --> 00:09:25,890 they're doing it with any particular company, I'm sure they will share with you their experiences, both good or bad. But the $25,000 is assuming that you have
48 00:09:25,890 --> 00:09:34,740 gone that route or you have that much money to trade with. Okay, so you've worked up enough money to selling things around the house yard sales a whole
49 00:09:34,740 --> 00:09:47,970 year, part time jobs sold the extra card and it isn't going to be used anymore. You did whatever you could to scrape up $25,000 or in conjunction with that, or
50 00:09:47,970 --> 00:10:02,250 in addition to that, or entirely of the results of a funded account. Withdrawal or withdrawals equating to 25,000 hours okay? Now, you can obviously just use
51 00:10:02,250 --> 00:10:12,630 this idea with the funded account itself between 20 and $50,000 account. And that's fine. That's one way of doing this. You're bringing your own unique
52 00:10:13,230 --> 00:10:24,480 personality and your present position. So that way, I'm not pressing everybody into the same mode because it won't work like that folks. Mentoring is not done
53 00:10:24,510 --> 00:10:33,000 efficiently by doing it that way. I have to give you ideas to is kind of like, okay, well, that doesn't really match up to me, but here's something I'm going
54 00:10:33,000 --> 00:10:44,640 to do. And some of you hang on every word I say. And if I don't say something, or give like a nod to it, and saying, okay, that that's a possibility, or that's
55 00:10:44,640 --> 00:10:51,480 another way of doing it. You feel like you have to email me, which I'm never gonna get to your emails. I have too many of them that I can't, I can't catch up
56 00:10:51,510 --> 00:11:02,940 with them. But I want you all to think about how you can take these ideas and it doesn't have to be 25,000. It could be 20,000. Or it could be 15,000. And you
57 00:11:02,940 --> 00:11:16,170 use micros. Okay, are you in less than 10,000 and do micros instead of a mini. So all these things I'm going to talk about here, you can make that uniquely
58 00:11:16,980 --> 00:11:24,900 your approach based on what you're starting with in terms of capital, how you got that capital, whether it's through entirely through a funded account, or if
59 00:11:24,900 --> 00:11:34,260 it's after withdrawals from funded accounts, resulting in profits, then building up to that $25,000. The idea is you want to have a $25,000 account. I think
60 00:11:34,260 --> 00:11:47,400 that's a fair amount to do. What I'm suggesting in this series, which is trying to make ends meet, and it won't feel like you have to do too much to get it
61 00:11:53,940 --> 00:12:11,130 the overview. Again, the month ago was 1000. US dollars. We will trade one es mini contract as Emini, s&p futures per trade. So one contract, that's it not
62 00:12:11,130 --> 00:12:29,010 multiple, you just don't one. We will trade with an objective of five and a quarter points, or 21 ticks per trade. We will trade with a hard stop loss of
63 00:12:29,010 --> 00:12:40,290 four points. This is static for all trades. You're not making it smaller, you're not making it bigger. It will always be four points for every single trade or 16
64 00:12:40,290 --> 00:12:52,440 ticks. So stop loss of 16 ticks, tick profits always 21 ticks. Every trade. We will close the full position at five and a quarter points or 21 ticks per trade.
65 00:12:52,500 --> 00:13:04,740 We will never take partials. So it removes all the uncertainty. When do I take partials Should I take partials here, don't worry about that. We will trade the
66 00:13:04,740 --> 00:13:17,760 am and pm session in index futures trading regular hours. The am session is going to be limited to 930 in the morning, to 1130 in the morning, New York
67 00:13:17,760 --> 00:13:31,170 local time. So it's a two hour window. That's it. Specifically these two hours for the morning session. The pm session is 130 In the afternoon, to 330 in
68 00:13:31,170 --> 00:13:44,820 afternoon New York local time. Can't take a trade before can't take a trade after these specific windows. Very, very specific, very concise. You have a four
69 00:13:44,820 --> 00:13:55,800 hour window broken over two sessions in the same trading day. If you can't find your five and quarter points there, you're done. Move to the next opportunity.
70 00:14:00,809 --> 00:14:13,469 The model we will focus on buys only when we believe the weekly candle will draw to a premium array. That means we're expecting that weekly candle to expand
71 00:14:13,469 --> 00:14:24,989 higher, it's reaching for some old high some fair pay gap or bearish order block. Not that the bearish order block would be a sell short opportunity, it
72 00:14:24,989 --> 00:14:35,729 just means that that is a draw on liquidity. Something that's leading price to go higher, doesn't need to close. Above the opening on that weekly candle just
73 00:14:35,729 --> 00:14:47,549 means that we're expecting volatility to expand predominantly to the upside seen on the weekly candle. So that means we have potential for volatility and range
74 00:14:47,549 --> 00:14:59,939 expansion to the upside so we're going to focus on byes only. In that instance. We will look for medium or high impact news drivers on the economy day calendar
75 00:14:59,999 --> 00:15:10,409 to narrow our focus, so what we're looking for Monday through Friday, for the coming week, over the weekend, we're doing this now. So Saturday or Sunday,
76 00:15:10,409 --> 00:15:19,739 whatever day you do your analysis, you're gonna be looking for all the days to have a medium or high impact news event, some kind of report that comes out, if
77 00:15:19,739 --> 00:15:27,299 it's going to come out in the morning session, which is predominantly weather usually found unless it's an afternoon FOMC rate announcement type thing,
78 00:15:28,499 --> 00:15:39,869 they're generally going to be limited to the morning session. So medium or high impact news drivers, focusing on one event, morning, or afternoon. Now, if I
79 00:15:39,869 --> 00:15:48,659 were to tell you which one should you focus primarily on, look for the medium or high impact news events in the morning. The ones that occur in the afternoon are
80 00:15:48,659 --> 00:15:58,589 going to be very volatile sometimes, because they're gonna be lated to interest rate announcement or FOMC, or Fed chairman, announcement, something to effect
81 00:15:58,649 --> 00:16:08,339 creates a whole lot of volatility. So the four point stop loss might become a factor in the pm sessions. In the morning sessions, it's a little bit more
82 00:16:08,339 --> 00:16:17,039 forgiving a little bit better in terms of the volatility, because especially after 930, if we wait for the things we're gonna be looking for, it's usually a
83 00:16:17,039 --> 00:16:29,099 little bit more cleaner. We will stock setups for Long's on calendar days. And after the time, the news on that day hits the market. So we're not trying to be
84 00:16:29,099 --> 00:16:36,839 ahead of the marketplace. With the news event, we're not trying to predict the reaction in the news, we're waiting for the news to hit the marketplace, then we
85 00:16:36,839 --> 00:16:50,189 start hunting a set up we will wait for sell side liquidity on a five minute timeframe to be taken then displacement higher in price. So all of this is
86 00:16:50,219 --> 00:17:01,169 essentially the ICT 2022 mentorship model that's on my YouTube channel, you're watching right now, that model is what we're focusing on. So I'm not reinventing
87 00:17:01,169 --> 00:17:09,929 the wheel, okay, I'm just doing the same thing. We're just making it very short and sweet to five and quarter points are objective. That's it. It takes away all
88 00:17:09,929 --> 00:17:18,449 the idea of worrying about we're gonna get out, you get out of five and a quarter points. That's it. It's very simple. You're risking four points, that's
89 00:17:18,449 --> 00:17:26,069 it, nothing else, you're not moving your stop loss. Once you place it, you leave it there, you're not taking partials, it's simple. You see how no brainer this
90 00:17:26,069 --> 00:17:40,019 is. It's very, very simple. It's to make ends meet. Nothing more no acrobatics, it's as bare bones as you can get it. We will hunt a fair value gap on the
91 00:17:40,019 --> 00:17:50,429 displacement price leg for our entry point. And using a limit order on the fair value gaps high. So the words where the fair value get formed on the five minute
92 00:17:50,429 --> 00:18:03,239 chart, that high price that is the top of the fair value gap. That's exactly where we're going to place our buy limit order. We will use a timeframe that
93 00:18:03,239 --> 00:18:14,219 permits the four point stop loss where we let the trade pass no exceptions. What does that mean? Well, you're familiar with the ICT mentorship YouTube model,
94 00:18:14,429 --> 00:18:22,709 where we go from the five minute chart, once we see a fair value gap, we can actually reduce it down to smaller timeframes and find a fair value get this on
95 00:18:22,709 --> 00:18:33,539 a smaller timeframe. And then that four point stop loss can be utilized on that lower timeframe chart. So it's a matter of going down from 5432 and one. But
96 00:18:33,539 --> 00:18:43,769 finding the one that allows you to have the four point stop loss. That's what you're going to use. So it helps you reduce your focus to the one timeframe that
97 00:18:43,769 --> 00:18:50,009 you're going to focus on using the four point stop loss targeting a five and a quarter point exit
98 00:18:52,740 --> 00:19:03,360 we will place a limit order at five and quarter points to exit that limit order will be a sell limit order which will cover the Commission's and net our five
99 00:19:03,360 --> 00:19:18,450 point goal portrayed. We never chase price after it runs from a fair value get we failed to engage no exceptions. That means if we've been hunting a setup, and
100 00:19:18,450 --> 00:19:29,160 it trades the fair value gap, but getting eliminated or in time or it doesn't really go to your limit order and fill you in it runs away without you. If it's
101 00:19:29,160 --> 00:19:38,490 staying real close to the fair value gap, we still will not engage it has to enter right how we are looking for based on these roles where we'd let it pass
102 00:19:38,520 --> 00:19:48,510 no exceptions. The reason why I'm including that role here is because you're going to probably be panicked. And panic or fear of missing out is going to make
103 00:19:48,510 --> 00:19:59,460 you act impulsively and you're going to do something that's going to prevent a four point stop loss and you'll incur more movement because you probably won't
104 00:19:59,460 --> 00:20:07,140 want to put the four One stop loss on or if you do put it on, he's going to run right to it stop. Yeah. And then you'll regret it. Because you're poor placement
105 00:20:07,950 --> 00:20:18,600 of not sticking to the rules and letting the limit order take in. Or if it doesn't give you that, let it pass these things repeat enough to know that you
106 00:20:18,600 --> 00:20:29,250 only need to find one of these per week. That's it. Theoretically, we should have only one five points set up per week, harvest that and start trading for
107 00:20:29,250 --> 00:20:43,050 the week. If we harvest one five point setup per week, at four weeks per month, we will in theory, net 1000. US dollars. Everything that stated here in the
108 00:20:43,050 --> 00:20:51,600 previous slides, reverse these roles for periods when we expect the weekly candle will likely draw to a discount array or in other words expand lower in
109 00:20:51,600 --> 00:20:59,760 bearish conditions. So everything here, every rule here would be reversed. So that way, I don't have to go through this explanation here with this reversed
110 00:20:59,790 --> 00:21:13,770 terms. So obviously, this is a very, very stripped down version of what was taught on the 2020 mentorship model. And because that model, it's usually
111 00:21:13,770 --> 00:21:25,650 shooting for more than five and a quarter points. Okay, this is just to get you in the trenches, making ends meet. rules are very simple. There's not a lot of
112 00:21:25,650 --> 00:21:35,580 moving parts, there's not a lot of things that trip yourself up and worry about partials when we must stop loss. It's simple. They're all very specific things.
113 00:21:35,790 --> 00:21:47,400 Now, if you're trading with a $25,000 account, that you've either obtained through funded prop firm, or if you've taken money out from Prop firm account
114 00:21:47,400 --> 00:22:00,870 trading, and you've grown up to $25,000. Notice that to make five and a quarter points, after commissions and such. That's a $200. Net. So if you're getting for
115 00:22:00,870 --> 00:22:14,370 them, it's $1,000 a month. If you take a four point stop, you know, what do you get bang for that you're not taking a very large loss. And if you're aiming for
116 00:22:14,370 --> 00:22:30,090 that 250 hours after commissions per week, you're really aiming for what 1% A week. So that's 4% a month 4% A month is not Olympic level type feats. It's
117 00:22:30,090 --> 00:22:37,710 rather easy to do this. Now, if you are brand new to my channel, and you just started watching videos, and you've never done any back testing, you've never
118 00:22:37,830 --> 00:22:48,960 studied the model I've taught on the 2020 mentorship. This is not going to be easy for you. This is entirely meant for individuals that have gone through the
119 00:22:48,960 --> 00:22:57,270 mentorship. They have back tested, they forward tested, and they've been profitable on a demo account for about a few months. You know, what's a few
120 00:22:57,270 --> 00:22:59,040 months, four to six months?
121 00:23:00,150 --> 00:23:07,620 Well, I want to go on air faster, you're looking to lose money. If that's what you want to do. You are rushing, you're not ready, you're gonna lose and you're
122 00:23:07,620 --> 00:23:16,620 gonna assume because you didn't make it work faster than it should have been utilized, that these things don't work. That's not true. That's flawed logic.
123 00:23:17,430 --> 00:23:26,430 This model was not meant to beat Robins cup trading, okay? It's not meant to trade better than the next guy. Okay, it's not meant to be weighed in the
124 00:23:26,430 --> 00:23:37,470 balance against someone else's course or their study approach to using Market Replay. Okay, it's meant to go into the marketplace starting with the brass
125 00:23:37,470 --> 00:23:47,970 tacks. You've now entered live trading for the first time. How do you make this work for you? This is one approach to doing it. It's not the only approach. This
126 00:23:47,970 --> 00:24:01,800 is my suggestion to my son. This is mine fatherly advice to him to go in using these ideas that way he can formulate a plan to have one stream of income that
127 00:24:01,800 --> 00:24:12,000 just meets his monthly goals and his other accounts. They will be used to grow and or if he wants to do a competition account whenever he decides to do one if
128 00:24:12,000 --> 00:24:22,500 he shouldn't ever do so. That would be another account. But it would be unique roles and expectations for these accounts individually. Not one count does
129 00:24:22,500 --> 00:24:33,600 everything that's that's foolish. Each one of these accounts that you ever create, you treat them like a storefront. That storefront if it sells shoes, it
130 00:24:33,600 --> 00:24:44,490 doesn't sell pizza. Okay, it doesn't sell ice cream. It doesn't sell lingerie. As nice as that probably would sound to both men and women. That is not the
131 00:24:44,490 --> 00:24:53,220 ideal scenario to have all these different things. Okay, you're not trying to do a kitchen sink approach with every single account. You're trying to take the
132 00:24:53,220 --> 00:25:07,380 idea of limiting the accounts focus on one specific endeavor. What is its primary focus, this account is going to make ends meet. It's never designed,
133 00:25:07,560 --> 00:25:18,240 it's absolutely never designed to multiply and grow, it's always going to be harvested, every single month, the gains are met, the gains are taken out, and
134 00:25:18,240 --> 00:25:28,560 you reset back to the certain dollar amount that you're using all the time. So that way, you're only expecting to do these very few things. And once they've
135 00:25:28,560 --> 00:25:40,170 been met, you stop. And as your trading grows, and your experience grows, obviously, there's more than one set up per week. So you can start taking these
136 00:25:40,170 --> 00:25:49,140 five and a quarter point halls, add the marketplace, once in the morning session once in the afternoon. So now what have you done? You've doubled it. So now you
137 00:25:49,140 --> 00:25:59,910 have the potential of taking $2,000 a month out. And then you start thinking, Okay, well, now I have the ability to do this with 2000 hours a month. What
138 00:25:59,910 --> 00:26:10,590 happens if I take two setups in the morning session, and one set up in the afternoon session, that's three, or potentially what tripling, and you got 3000
139 00:26:10,590 --> 00:26:23,700 hours a month, then getting eventually to the point where two session per day two trades per session sets for setups, because we're talking about very small,
140 00:26:23,730 --> 00:26:34,830 little minor movement in price action. Either getting it the same day, or you're spreading it out across the week, because the technical counter isn't always
141 00:26:34,830 --> 00:26:46,980 going to just have one day with higher medium impact news. Usually, it's spread out over the the week. So that way, you can attack those days, both sessions,
142 00:26:47,520 --> 00:26:56,820 and maybe get two trades per session. Because like I said, five and a quarter points is not much in terms of movement. And you can get that very easily one on
143 00:26:56,820 --> 00:27:11,520 one minute chart multiple times in a day, you can ride a bullish move up, you can ride a correction after lunch, you can get a continuation in the pm session
144 00:27:11,520 --> 00:27:23,940 going into the close of the day. five and a quarter points is very, very easy to find several times in a very nice volatility day doesn't have to be a big range
145 00:27:23,940 --> 00:27:36,240 day to do that. So it's a matter of growing over time, and making this model eventually grow into never needing more than five and a quarter point. You're
146 00:27:36,240 --> 00:27:37,440 never needing to do that you
147 00:27:37,440 --> 00:27:49,260 never need to increase it. Okay, so this is my son's model. This is exactly what I teach my son to look for. This is all he should be trying to aim for. And his
148 00:27:49,260 --> 00:28:01,470 experience will dictate when he can graduate to doing more, or aiming for more. Has his account had larger moves than five and a quarter points, yes. But I want
149 00:28:01,470 --> 00:28:12,300 him to be thinking like, what can I do easy, like what's my easy low threshold, go into the marketplace and get this. For some of you knew, you probably sat
150 00:28:12,300 --> 00:28:21,540 down with a calculator and said, Okay, if I can just go in every single day, and get just two points a day, that's $100 in trading the E Mini s&p. And that's
151 00:28:21,540 --> 00:28:31,980 true. I don't want you thinking that you can do those types of things. But you also have to consider commission costs they add up over time. So you don't want
152 00:28:31,980 --> 00:28:41,430 to be doing too many things that eat up on your bottom line. So you want to try to keep your trading, not as frequent that you probably think it should be right
153 00:28:41,430 --> 00:28:53,820 now. And aim for very low threshold objectives and five quarter points in the E Mini s&p per set up that is in my opinion, very, very easy. And you're trying to
154 00:28:53,820 --> 00:29:05,130 incorporate everything I taught in the ICT mentorship model for 2020 wins YouTube channel to facilitate these ideas. The last part, it'll be me showing
155 00:29:05,190 --> 00:29:16,710 examples of what this would look like in chart form, execution format. All these ideas that way you can see it in a more chart oriented perspective, and that
156 00:29:16,710 --> 00:29:21,960 will complete this series ends. Until next time, be safe