ICT YT - 2023-03-23 - Real Money Real People - ICT Student Alex
Last modified by Drunk Monkey on 2023-03-25 20:29
Outline
00:00 - Who is Alex and how long has he been trading?
04:54 - Mentorship and trading with your own money.
08:39 - Michael’s current financial situation and how he’s been able to grow it.
14:10 - What kept you motivated when it was difficult?
19:34 - What kind of encouragement would you give to investors?
24:18 - What it felt like when he first started receiving his profits.
28:45 - My model is very simple.
35:00 - What’s a typical day look like for you?
39:37 - What would you say your next three to five goals are?
44:09 - What’s your final report card from this experience?
Transcription
| 1 | 00:00:00,000 --> 00:00:08,730 | ICT: Doctor, how you doing? Hello. I'm very good. What about you? I'm doing well, sir. Tell us who you are, where you're from? How old are |
| 2 | 00:00:09,750 --> 00:00:14,970 | Alex: Hello, everyone? I'm Alex. I'm 24. I'm from Italy. |
| 3 | 00:00:15,510 --> 00:00:22,800 | ICT: Awesome. So tell me a little bit about yourself. How long have you been trading? And what did you get interested in first? What asset class? |
| 4 | 00:00:23,850 --> 00:00:41,760 | Alex: Okay, so I'm trading from 2018. And I've started looking at markets. Because I always had this person, so for economy for financial markets, and at |
| 5 | 00:00:41,760 --> 00:00:56,400 | the beginning of my journey, I've tried to basically everything around me, in order to understand how markets or markets works. And until I can do it never, |
| 6 | 00:00:56,880 --> 00:00:58,830 | like found something useful in the market. |
| 7 | 00:01:00,870 --> 00:01:05,820 | ICT: Are you specifically and only Forex? Or are you in other asset classes? |
| 8 | 00:01:06,509 --> 00:01:20,099 | Alex: I mostly Forex. My favorite bear is like pound dollar or euro dollar. I've started growing accustomed to this bear. And I think I am, like, appealing |
| 9 | 00:01:20,099 --> 00:01:32,309 | it for what price is gonna, is gonna do. So I basically trade Forex, because it's my, it's my favorite Vader. I know them from like five to four years. So I |
| 10 | 00:01:32,309 --> 00:01:43,499 | basically trade them and sometimes gold. I don't really trading this is because I don't know exactly why. But I don't have the same feel like I have for forex. |
| 11 | 00:01:43,830 --> 00:01:50,880 | ICT: That's awesome. So how did you discover my work or inner circle trader concepts? Okay, |
| 12 | 00:01:51,030 --> 00:02:06,480 | Alex: I was in a very depressed period of my life. Because I left university to trade. I changed basically all my life, I started throwing a lot of |
| 13 | 00:02:06,990 --> 00:02:21,390 | expectations around trading, I thought I was being able to be millionaire in like, one or two or three years. And, and then in 2020, in May, during a |
| 14 | 00:02:21,390 --> 00:02:36,060 | meditation, I had a really strange experience. And after this day, everything around me started to change, I've started knowing you, I don't really recall the |
| 15 | 00:02:36,060 --> 00:02:55,950 | exact moment. This was when the first time I saw you was in on Instagram, when you were showing a live example of how your work your work can provide |
| 16 | 00:02:55,950 --> 00:03:04,050 | information about how the market really works. And so this was the first time I I kept in touch with you. |
| 17 | 00:03:06,000 --> 00:03:10,560 | ICT: What type of trader Are you are you a short term trader, swing trader day trader, |
| 18 | 00:03:11,370 --> 00:03:28,020 | Alex: I am a day trader to interest as I started understanding that I'm not a patient in life, and in general as a person. So I like my, I like to have much |
| 19 | 00:03:28,020 --> 00:03:42,780 | more entries on a single day. I like it, focusing on the markets, like my strategy is literally trying to be in sync with it. And so I use also smaller |
| 20 | 00:03:42,840 --> 00:03:55,590 | timeframe, like five seconds, 15 seconds, because the logic is flatter. So that's the thing, that the thing I've started observing that I can I started to |
| 21 | 00:03:55,590 --> 00:04:07,650 | understand the weekly range forms, then I started understanding out the daily range bonds, then a session a single session and live understand that it's much |
| 22 | 00:04:07,650 --> 00:04:23,250 | more better for me to have like brief execution. So I can add multiple ones, I can add a lot of examples. And so my experience was greatly enhanced, because I |
| 23 | 00:04:23,400 --> 00:04:39,510 | was able to do a lot of trades during the day. And this allowed me to form like to lose my fear of losses and to understand really how compound interest works. |
| 24 | 00:04:39,750 --> 00:04:51,690 | Because in the beginning of your journey, you are like from every single loss you cannot affect it because you you haven't done enough trades. You understand |
| 25 | 00:04:51,690 --> 00:05:03,000 | that? It's like a cost of doing business. I always three losses. Like if you have a restaurant, and you know that on Wednesday. You're gonna find accounts in |
| 26 | 00:05:03,000 --> 00:05:15,900 | bureau of food. And this is a loss. But you know, also that on the weekend when clients start coming in, you will recover this. This is not really a loss, this |
| 27 | 00:05:15,900 --> 00:05:24,870 | is an investment on on your, on your, on your professional. So, yes, I am |
| 28 | 00:05:26,070 --> 00:05:34,470 | ICT: good. Are you a student of mine through private mentorship? Or did you learn how to trade with my concepts through YouTube? |
| 29 | 00:05:35,400 --> 00:05:49,110 | Alex: No, I'm a private mentorship. I found your mentorship on like online forums for free. Then, immediately when I started watching, I've understood |
| 30 | 00:05:49,110 --> 00:06:04,410 | immediately that was what you was presenting to people was above everything I've ever seen. Because before knowing you, I basically call every curse of their |
| 31 | 00:06:04,410 --> 00:06:18,090 | every everything, and nothing, nothing, nothing works. So when I saw when I hear your voice for the first time, something inside me told me, okay, trust this |
| 32 | 00:06:18,090 --> 00:06:29,010 | man, because he knows what he's talking about. Because you have so many hours of material. And so I know that if you don't know about the fingers, you can have, |
| 33 | 00:06:29,310 --> 00:06:29,550 | like, |
| 34 | 00:06:31,560 --> 00:06:42,360 | ICT: yeah, when you were part of the mentorship, and we would do daily commentaries and such, what did it feel like seeing the analysis pan out like to |
| 35 | 00:06:42,360 --> 00:06:46,920 | script like just about every single day, what what kind of feeling Did that give you as observer? |
| 36 | 00:06:48,840 --> 00:07:02,160 | Alex: Mind blowing for me, because it was a very, like, it was a very difficult period of my life. So it was like it my life because I know that I was |
| 37 | 00:07:02,160 --> 00:07:15,600 | seeing the truth, because like you was calling I remember a specific example, from a little little little gap in Eurodollar. And you hold this trade two days |
| 38 | 00:07:15,600 --> 00:07:28,800 | before, and two days after it was bent out, like the people know, this was my, one of the best periods of my life, because I started listening to your material |
| 39 | 00:07:28,980 --> 00:07:41,940 | is it served me really well, not only from the technical standpoint, but also for myself, because I was focused on something. So I did not have the time to |
| 40 | 00:07:41,940 --> 00:07:46,230 | think. And so it was very, very, very good as an experience. |
| 41 | 00:07:46,770 --> 00:07:56,070 | ICT: I can see from your face as you talk about it. Like, it taps into an emotional side of it, where you feel like you discover yourself through this. |
| 42 | 00:07:56,160 --> 00:08:02,160 | It's neat. So tell me, are you a funded trader? Or are you trading with your own money? |
| 43 | 00:08:03,210 --> 00:08:18,810 | Alex: No, I am a funded trader, because I didn't have the enough money to start the account like right a lot of times. But I understand that. Having too, |
| 44 | 00:08:18,960 --> 00:08:31,200 | too low money, like being younger leverage is a problem because your trade doesn't mean anything to you. So from a certain point of view is good. But from |
| 45 | 00:08:31,200 --> 00:08:44,520 | another point, you don't have like this threshold, that sometimes helps you to have better results. And so I am a fundraiser, I realized at this moment that I |
| 46 | 00:08:44,520 --> 00:09:00,780 | have 1.4 million in funding. And I've gone really, really well, in from may last from May last year. My first one from the account was in January. And I've lost |
| 47 | 00:09:00,780 --> 00:09:13,380 | the 14 trades in a row, like also using the loss reduction. And at this point, I understand really well that I was the creator of my losses, because I'm very |
| 48 | 00:09:13,380 --> 00:09:27,090 | good in mathematics, and they know that it's super low probability. So this comment was very bad for me because I lost the account. At the same time, it was |
| 49 | 00:09:27,570 --> 00:09:40,650 | the realization of the fact that if I really wanted this, I can do this. In February I made that like us first profit of 2000. And then I started buying |
| 50 | 00:09:40,680 --> 00:10:07,410 | other challenges. This was big profit I've done in May and in April and May 20,000, the $100,000 again 20 100,020 100,000 Excuse me 20,000 I spent them, |
| 51 | 00:10:07,890 --> 00:10:27,180 | like for my other felonies, and I've done a great travel in Africa. And this was really mind blowing. Because I, at this point, I know, I knew that I was going |
| 52 | 00:10:27,180 --> 00:10:41,910 | to make it. So in the summer, I had a difficult period, because I traded in August. And now I know I, back then from September, I started really doing well. |
| 53 | 00:10:42,180 --> 00:11:02,040 | And in this first month of 2023, had gone like two to 25,000. Now, yes, don't fight out print 5002 monster, and with the three different prop firms. Michael, |
| 54 | 00:11:02,040 --> 00:11:12,720 | actually, this was a trader, and true Forex. I was in the leaderboard miserable last month, intro for excluding first and second position. And this one's I've |
| 55 | 00:11:12,720 --> 00:11:22,050 | done good positioning in robotic swimming goes in my favorite swimming. So I'm really, really happy to be a funded trader, because you know, you are in the |
| 56 | 00:11:22,050 --> 00:11:33,660 | perfect position to invest in, when you start accumulating a lot of ounces, you have basically no risk, because they give your money back. And then you can |
| 57 | 00:11:33,660 --> 00:11:44,700 | invest without risk. So it's the perfect condition of usually, in the meantime, I'm trying to find my own account. So in the future, I can have my money, |
| 58 | 00:11:44,700 --> 00:11:53,190 | especially when I want to have more money than the maximum funding allowed. For math. I think it's a very good. |
| 59 | 00:11:55,290 --> 00:12:02,550 | ICT: So you made $20,000 And you went on an African safari trip type thing or you went, what was that, like? |
| 60 | 00:12:03,750 --> 00:12:18,540 | Alex: If you remember, I sent the photos to you last year on Gmail. And it was great because I received the money when I was in Kenya. And then I bought |
| 61 | 00:12:18,540 --> 00:12:33,270 | some food for the for people here who was starving. I was in a village where there was a lot of young people living it, like 500 meters from a national park. |
| 62 | 00:12:33,270 --> 00:12:46,260 | It was a really, really good park with lions and things like that. They've never been here, because they can't afford. I started moving every car every day. And |
| 63 | 00:12:46,260 --> 00:12:54,060 | I took these people with me in the Safari. And it was like crazy. |
| 64 | 00:12:54,270 --> 00:12:56,070 | ICT: Wow. Wow. |
| 65 | 00:12:57,120 --> 00:13:08,610 | Alex: They had these beautiful places near to them. But they was like a prison for them. Because they were so dear. But can't afford right. It was a |
| 66 | 00:13:08,610 --> 00:13:09,480 | really, really good. |
| 67 | 00:13:09,750 --> 00:13:13,380 | ICT: Wow. That's awesome. to |
| 68 | 00:13:13,770 --> 00:13:17,700 | Alex: like create experience for others. Wow. And very good. |
| 69 | 00:13:18,570 --> 00:13:26,670 | ICT: That's awesome. So real quick, I heard you mentioned three specific funding accounts. See, can you say their name names again? |
| 70 | 00:13:27,270 --> 00:13:43,980 | Alex: Okay, so the first one might Forex funding the best because you have 88% profits, and 20% drawdown. So this is a good margin. And they they've always |
| 71 | 00:13:43,980 --> 00:13:59,790 | paid me and also from the trader, very good, much higher profits. But a little different in terms of objective differences. And for explaining is the last one |
| 72 | 00:13:59,820 --> 00:14:09,990 | I had used. But I had a really good experience. And I also have an interview with them last month. So it was very, very good. |
| 73 | 00:14:10,830 --> 00:14:24,450 | ICT: So the interview that I watched with you that was with true Forex funds, yes. When when you got started in in learning this, what did it take for you to |
| 74 | 00:14:24,450 --> 00:14:31,860 | stay motivated because it's not easy. But what what types of things kept you motivated when it was difficult for you to study? |
| 75 | 00:14:32,880 --> 00:14:49,050 | Alex: Okay, so this always was our life and that life or that thing for me? So I didn't really need it to be motivated, because I knew that if I feel here |
| 76 | 00:14:49,980 --> 00:15:04,500 | my life would never ever be the same. So it was like I don't really recall the how I see Hate motivated because right? Basically understand that was what you |
| 77 | 00:15:04,530 --> 00:15:16,620 | were teaching was the truth. So I only continued to dig deeper, because I understand that was not a technical problem for me. But I had to overcome other |
| 78 | 00:15:17,040 --> 00:15:21,720 | pieces that didn't really match with trading much of my life in general. |
| 79 | 00:15:22,650 --> 00:15:32,610 | ICT: So you mentioned that you were in a low point of your life, what did trading and learning how to trade successfully? What did it help you overcome in |
| 80 | 00:15:32,610 --> 00:15:41,190 | your personal life? Any kind of character flaws, like impatience, impulsiveness, fear, what did you feel like you've overcome now, because you're a trader, |
| 81 | 00:15:43,680 --> 00:15:56,460 | Alex: I, I've grown, basically, I've started understanding a lot of different things in my life, from my character, from how to manage myself, how to manage |
| 82 | 00:15:56,460 --> 00:16:10,620 | my emotions, and how to, like, the most important thing is like accessing the moment. So accessing the, this was the very huge realization that readings |
| 83 | 00:16:10,620 --> 00:16:22,170 | allowed me to understand. Because when you do, ask, when you have a skill, and you perform this skill at the top, you understand that when you train, you're |
| 84 | 00:16:22,170 --> 00:16:39,900 | like, horseman, like, football player, you don't really you are not really here, when you're doing active. So it's like, a continuous continuous healing for |
| 85 | 00:16:39,900 --> 00:16:50,430 | yourself. Because when you're not with yourself, like when you when you are with your wife, or with your friends or with your kids, you're not really yeah, |
| 86 | 00:16:50,490 --> 00:17:01,830 | you're not consciously thinking about the moment and you are absorbed in the moment. So this was the main main things that kept me going forward in training. |
| 87 | 00:17:02,700 --> 00:17:11,100 | ICT: If I understand you correctly, what what you're saying is, you had a purpose and a passion to get good at this, and you just poured yourself into it. |
| 88 | 00:17:11,100 --> 00:17:20,280 | 100%? Good, good. What would you say? Because there's a lot of folks that came in my private mentorship and didn't finish for whatever reason is lots of |
| 89 | 00:17:20,280 --> 00:17:30,210 | reasons. But what would you say for the people that are going through the lessons I'm teaching publicly? Now? You're on the inside? Are those lessons that |
| 90 | 00:17:30,210 --> 00:17:36,540 | I put up on my YouTube channel, the core content? Are they the same core content lessons that you went through in private mentorship? |
| 91 | 00:17:38,760 --> 00:17:53,880 | Alex: I am not in a very good position to judge the YouTube material, because I stopped studying harder the last year, because I understand that, basically, |
| 92 | 00:17:53,880 --> 00:18:08,640 | hi, I had a good technical competency. I watched some videos, I think they are useful. But I also think that think that that you are useful if you need me for |
| 93 | 00:18:08,640 --> 00:18:21,450 | you to view go through the mentorship content 2017. Because they are so smart. When you explain when you explain how that works. It's like the foundation, if |
| 94 | 00:18:21,450 --> 00:18:33,240 | you don't have this, it's totally month one really, or two or three, it's like the basics, but basic to 80% of the work in my opinion. So YouTube, I think it's |
| 95 | 00:18:33,240 --> 00:18:47,040 | useful, but it's useful if you have some background around it. Because it's high level stuff, always, like knowing what an order was the Eastern liquidity, what |
| 96 | 00:18:47,040 --> 00:18:57,750 | is offered value gaps, and things like that. So I think the YouTube lessons are really, really useful sometimes, but you need to have the good context. And I |
| 97 | 00:18:57,750 --> 00:19:13,890 | think that 2017 mentorship is much more organized in terms of content. So it's from an outside standpoint, much more easier to understand because your steak |
| 98 | 00:19:14,010 --> 00:19:21,990 | this by bit by bit. Also the videos are very low in duration. And for me, it was very good. |
| 99 | 00:19:23,490 --> 00:19:31,560 | ICT: What would you say to individuals that are learning from the YouTube channel? If they feel that they're not learning as fast as they were hoping they |
| 100 | 00:19:31,560 --> 00:19:37,050 | would learn it or feeling a little overwhelmed? What kind of encouragement would you give them? Okay, |
| 101 | 00:19:37,320 --> 00:19:49,110 | Alex: so the first thing is, is to understand that you don't need to add to have everything figured out. When you are in the E the most important thing is |
| 102 | 00:19:49,110 --> 00:20:02,010 | to focus like on daily vs. This is 80% of the work that you have to bring in time elements and then you only need them mentally technique like sort of value, |
| 103 | 00:20:02,370 --> 00:20:13,980 | or something like that. And that's basically the game of training. So it's not really complex. In terms of technical science, of course, you can dig deeper and |
| 104 | 00:20:13,980 --> 00:20:25,920 | become much more precise. But you don't need perfection, maybe you only need a small set of rules. Like when I, when I traded, I have a checklist of three |
| 105 | 00:20:25,920 --> 00:20:36,690 | elements is yesterday. So I spent most time here, as he told me, and when I did, yes, I only need to be in front of charts at the right moment. So during |
| 106 | 00:20:36,690 --> 00:20:47,790 | assessment when volatility brings in, and then you only need to see a shift in market structure, which is higher than above or below 50, different factor, and |
| 107 | 00:20:47,790 --> 00:21:02,310 | that's the game. So if you feel overwhelmed with iced tea material, just know that he loves to dig around the things, but you don't need everything. And also, |
| 108 | 00:21:02,490 --> 00:21:16,890 | if you if you have not really realized what you have, man, I can assure you, you will be written in history books, because Warren Buffett is who is the most, |
| 109 | 00:21:17,490 --> 00:21:34,890 | most rich investor in lifetime, he was able to do 10%, every year on his capital compounded, we here are able to do minimum 10%. Understand what you're learning. |
| 110 | 00:21:37,170 --> 00:21:49,170 | It's like when you are learning how to be a good engineer, or how to be I was engineering before. So you can not really pretend to be a very good, |
| 111 | 00:21:49,560 --> 00:22:01,860 | professional professional trader, with only some little work on your part, you have to do the things that are required experiences, like every every word. Like |
| 112 | 00:22:01,890 --> 00:22:14,520 | if you are a carpenter, or a painter or something like that you need experience. Just time is our currency. And so you need to spend it wisely. program you're |
| 113 | 00:22:14,550 --> 00:22:29,040 | learning. Don't be don't have too many things to learn. It's better to have a small, small videos every week, like two or three videos, repeat them, repeat |
| 114 | 00:22:29,040 --> 00:22:33,720 | them, then once everything is done, you don't remember. |
| 115 | 00:22:35,490 --> 00:22:45,960 | ICT: How long did it take you from the beginning of your studies with my work to knowing not just your first profitable trade, but knowing that you know exactly |
| 116 | 00:22:45,960 --> 00:22:51,270 | how you're going to trade your model. And you found what you're looking for. How long would it take for you to get to that point. |
| 117 | 00:22:52,950 --> 00:23:05,790 | Alex: I think Chopin's five years from the beginning of the membership. And I'm telling you that I was really crazy about mentorship, I was studying like, |
| 118 | 00:23:05,820 --> 00:23:19,830 | all the longer because I had the right condition, I left university, I had a legal work online, that kept me alive, able to buy food to go outside. And so |
| 119 | 00:23:20,070 --> 00:23:32,970 | I've grown a lot in trading, when I understand that it's much more a mental game. So you need to create the right conditions to trade. Like for me, it was |
| 120 | 00:23:33,630 --> 00:23:46,680 | having some money, for renters for money for food, having some food stuck in my garage, as you call them. And this was very, very, very, very instructive for me |
| 121 | 00:23:46,710 --> 00:23:58,890 | understanding that it's not technical science, the problem because many people I talked to too many people in your mentorship group sometimes receive questions. |
| 122 | 00:23:58,950 --> 00:24:10,650 | And I think that everyone or most of people have a good technical engine, but they really cannot profit because of the conditions of spite trading. So if you |
| 123 | 00:24:10,650 --> 00:24:23,220 | need money, if you need to succeed in your trade, you're not in the right position. To invest not in the best position to invest when you treat it like a |
| 124 | 00:24:23,220 --> 00:24:36,750 | game. Because it's like a game like my my girlfriend, it's, she's She always tells me when I'm reading, she's always calling it the blue again, because mp4 |
| 125 | 00:24:36,750 --> 00:24:52,710 | is like a loss. So I in without knowing she taught me how to take the game as a game. Because basically we are here because we enjoy, we enjoy. We enjoy being |
| 126 | 00:24:52,770 --> 00:25:01,560 | in front of shots. It's very satisfying. Like when we were kids, we are completely immersed in training. So when you start Think the game as a game, |
| 127 | 00:25:02,460 --> 00:25:05,580 | your performance are really, really? Yes. |
| 128 | 00:25:06,570 --> 00:25:13,440 | ICT: You mentioned your girlfriend, has she always been supportive of you going through this, or was there a time when she wasn't supportive? |
| 129 | 00:25:15,179 --> 00:25:26,519 | Alex: I basically know, one year ago, when I was in my first prophet day, she basically understand what I've done. And she has always believed in me, and I |
| 130 | 00:25:26,519 --> 00:25:37,529 | think this is very important, also, with your family, with your friends, if you know that they want to call you, it's better not to talk with them at all, |
| 131 | 00:25:37,739 --> 00:25:50,009 | because they're gonna impede your, you're going to be much more difficult to profit if you have if you have people around you, going against you. Because at |
| 132 | 00:25:50,009 --> 00:26:05,099 | the beginning, you don't really believe in what you're learning. And someone is very strong about is understanding so and so is maybe someone is able to, like |
| 133 | 00:26:05,129 --> 00:26:17,219 | don't hear what other people think, not care about what other people think. But for the majority, it's very frustrating when you see when you cannot profit, but |
| 134 | 00:26:17,219 --> 00:26:34,169 | you have like an inkling to understand that the things work. It's better to logically and strategically. Create your environment. And it needs to be |
| 135 | 00:26:34,169 --> 00:26:36,629 | conductive for the learning and from the property. |
| 136 | 00:26:39,330 --> 00:26:51,810 | ICT: When you started making profits and taking money out, did you feel any kind of changes in your personality, whether it be ego, whether it be a sense of |
| 137 | 00:26:51,810 --> 00:26:57,660 | pride, like, tell me what it felt like when you first started receiving your profits from it? |
| 138 | 00:26:58,710 --> 00:27:12,180 | Alex: Okay, so yes, absolutely, I had great changes. And I was really less stressful. I've been through a really stressful period of my life in the first |
| 139 | 00:27:12,180 --> 00:27:25,890 | few years of mentorship because I couldn't profit, I was always, like needing money. And so it the first profits, first finger release the stress. And second |
| 140 | 00:27:25,890 --> 00:27:43,020 | thing I was much more confident about myself, because now I know I can do something, I know that I can. I can keep my family with my healer, I can keep my |
| 141 | 00:27:43,620 --> 00:27:56,760 | like, also my friend groups. And it was really, really great to have this kind of feeling. Because everyone needs to focus on something, if you focus on |
| 142 | 00:27:56,790 --> 00:28:07,590 | something and you know, you're quite good at it, it gives you a sense of confidence you start seeing life in a different Moses is gave me a lot of |
| 143 | 00:28:07,650 --> 00:28:21,540 | freedom because as as financial freedoms ring in, you have the ability to decide, whatever, if today I want to take a flight and go through or go to Kenya |
| 144 | 00:28:21,540 --> 00:28:32,910 | or go to work whenever he's the worst I can I have the time and they have the money. Because this was the freedom was really, really, really nice to |
| 145 | 00:28:33,600 --> 00:28:44,220 | ICT: get well done. Could you tell us a little bit about your personal model, how you go about trading, and what time of day you specialize in? |
| 146 | 00:28:45,030 --> 00:28:57,990 | Alex: Okay. So my model is, as I told you, is very simple. It's understanding the Vyasa understanding the position physician in good times of the day, like |
| 147 | 00:28:57,990 --> 00:29:12,330 | London, New York also, last lesson I traded because when I am in front of charts, sometimes I need to have like many, many, many hours to get myself the |
| 148 | 00:29:12,330 --> 00:29:29,220 | opportunity to be in sync with it. And so I have not precise his plan of action, but as a little checklist that allows me to add little rules, because I don't |
| 149 | 00:29:29,250 --> 00:29:45,540 | like the rules. I am like a contrarian person Rusev basically ruin my ability to be in the moment, but I know that if I perform my system like yours it allows me |
| 150 | 00:29:45,570 --> 00:30:01,380 | to create I don't know what to say but it allows me some freedom of action. So I can always be secretive and try to understand what is repeatedly In the day, I |
| 151 | 00:30:01,380 --> 00:30:12,120 | take a short term trades, like 20 pips 50 pips, it depends on what the market is going to offer you. I mostly stopped trading in London after the first hour, |
| 152 | 00:30:12,300 --> 00:30:23,010 | because I understand that reading the first hour of London was not very conducted for me, because it's morning in my in Italy, London is morning. And so |
| 153 | 00:30:23,610 --> 00:30:34,860 | it was very, very bad when I used to take losses in the first hour. And then for the rest of the day, I know I couldn't do anything. So I started slowly, slowly, |
| 154 | 00:30:34,860 --> 00:30:47,130 | slowly, waiting from the manipulation to happen. And then understanding what the data Yes, when I got the wealthy account, I can trade, it depends maybe |
| 155 | 00:30:47,130 --> 00:31:00,540 | sometimes a trade, just sometimes it happens that I wake up, I feel like it was really, really easy for me to eat because there was a ringing in Gbps either was |
| 156 | 00:31:00,540 --> 00:31:10,680 | ringing, I know, therefore, candle is the right candle for the expansion. Basically no power free time of the day, when I woke up the trade was I was |
| 157 | 00:31:10,740 --> 00:31:23,190 | dealing the bed I open. And before I traded as a really good trade, because my system allows me to do this kind of thing. It's not very restrictive. But I have |
| 158 | 00:31:23,190 --> 00:31:31,290 | lived on rules that keep me going always with the same phrase. Because you know, if you have the same price, you will be better at this time. |
| 159 | 00:31:32,220 --> 00:31:42,450 | ICT: So if I understand you correctly, your specialty is identifying the daily bias waiting for a kill zone, London or New York, and then going in and trading |
| 160 | 00:31:42,450 --> 00:31:47,850 | on the fair value got very simple. Very, very simple. The flow |
| 161 | 00:31:47,850 --> 00:31:59,070 | Alex: and real. And that's all because you can find a lot of injuries during the day, like taking 10 points. And starting with the new balanced is very |
| 162 | 00:31:59,070 --> 00:32:03,720 | powerful. Awesome. And it gives you the opportunity to have a lot of faith, a lot of |
| 163 | 00:32:04,410 --> 00:32:14,460 | ICT: awesome. You mentioned sometimes having experienced losing trades, how do you deal with and what's your process for working your way through drawdown? |
| 164 | 00:32:15,150 --> 00:32:15,600 | Okay. |
| 165 | 00:32:16,650 --> 00:32:31,890 | Alex: So I understand how to read losses when I started buying a lot of these accounts, because, you know, they permit you to have 10% down. So my first |
| 166 | 00:32:31,890 --> 00:32:46,470 | understanding was okay, yes, 10%. Down, I will buy 10 challenges. So I have 100% of drawdown right. And then I started understanding that, if I use a high risk |
| 167 | 00:32:46,470 --> 00:33:03,090 | is like three to 4%, it only takes really one trade to pass the challenge. And if I ever lost 1.11 to two, like the first raise 4% risk 8% profit, you only |
| 168 | 00:33:03,090 --> 00:33:14,790 | need one to two, if I take a loss, that the next trade is always like the same because it's 123. And you pass the challenge. So basically, I treat every 4% as |
| 169 | 00:33:14,790 --> 00:33:29,370 | a bullet as a single rule, and I'm fine pestilences so I know I have 30 or 20 or 30 bullets, I took or shot them. And at the end of the bullet, i i Look at how |
| 170 | 00:33:29,370 --> 00:33:40,530 | many profits, how many locks doing this thing. And this was like a mental game for me, as me reason not on a single trade, because I need to lose a fear of |
| 171 | 00:33:40,530 --> 00:33:52,200 | losses, I need to get rid of it. So I use the maximum risk allowed, like 4% is good because you have 1% for spreads and commissions and things like that, you |
| 172 | 00:33:52,200 --> 00:34:04,860 | ensure that they're not gonna put you out of the account. This is on the first stage, like when you need to pass the challenge. And then when I go to full |
| 173 | 00:34:04,860 --> 00:34:15,720 | account, I started reducing the risk because now I know that I'm in a much more difficult psychological environment. And then I started accumulating challenges. |
| 174 | 00:34:16,230 --> 00:34:26,250 | And so basically now I trade with the tree from two to 4% risk, it depends on on the trade, but I'm very confident about that. Because I know it's only |
| 175 | 00:34:26,250 --> 00:34:38,850 | mathematical game when I lost it. I prefer so big that I can buy like this month I'm gonna buy 30,000 in accounts, because they know that if I have a lot of |
| 176 | 00:34:38,850 --> 00:34:47,880 | accounts, I have a lot of margin and it helps me to reduce the pressure on the single trade isn't the single trade is not important for you. You're gonna |
| 177 | 00:34:47,880 --> 00:35:01,800 | perform a way way way better than if you only have one account and you treat it like for 1% 1% is very difficult because you need a lot of trades. And you, I |
| 178 | 00:35:01,800 --> 00:35:13,770 | understand that knowing is very good. And so you can pass challenges, like just being a little bit more hiring risks, but it's only a question of perspective, |
| 179 | 00:35:14,280 --> 00:35:24,390 | you're not really a risk guarantee you're risking is like 80 or unresolved, spent with the challenge. But this is your budget, this is your investment. Even |
| 180 | 00:35:24,390 --> 00:35:30,870 | if you take a loss, you can analyze it, this $100, we will teach you lessons. |
| 181 | 00:35:34,770 --> 00:35:43,050 | ICT: What's a typical day look like for you? Like, when do you wake up? What do you do first, before you open up your charts? Do you exercise? Or do you |
| 182 | 00:35:43,050 --> 00:35:46,860 | exercise afterwards? Like deep? Like, what's your routine? |
| 183 | 00:35:47,850 --> 00:35:59,850 | Alex: Okay? I don't really have. Because I tried it for a lot of years, I tried to have to always wake up the same hour, but it's like counterproductive |
| 184 | 00:35:59,850 --> 00:36:13,350 | for me. Because after some days, I feel like I am in a cage. I really liked my freedom. So I go, I am a nice person. So usually I go to bed, like late night. |
| 185 | 00:36:13,530 --> 00:36:24,210 | So I don't really wake up early in the morning, I wake up when I wake up without any other alarm clock. So I know I'm well rested, because my body is like |
| 186 | 00:36:24,540 --> 00:36:37,860 | naturally waking up. So sometimes I wake up at 10. Sometimes I wake up at seven depends on how, how much rest my mouth needs. And usually before grading, I have |
| 187 | 00:36:37,860 --> 00:36:50,070 | a little work with my dogs. And I think it was very useful for my trading. Like, because in the first hour when you wake up, your mind is still sleeping dipping. |
| 188 | 00:36:50,490 --> 00:36:59,790 | And your mind is working is working, working, working, working. And you're not really thought. So if you take like some fresh air or something like that before |
| 189 | 00:36:59,790 --> 00:37:01,890 | freezing it is this is very good. |
| 190 | 00:37:03,540 --> 00:37:11,610 | ICT: From all of your trading, how much would you say you have earned? And I know you can't take everything out of the funded accounts because you have to |
| 191 | 00:37:11,610 --> 00:37:17,250 | have money in there to still keep it going. But how much would you say you have amassed in terms of profit? |
| 192 | 00:37:18,180 --> 00:37:38,130 | Alex: I think this two days ago, I looked at the three Master I spent around 30,000. And that gained around to 200,000 That's good. Yes. So it's very, very |
| 193 | 00:37:38,130 --> 00:37:56,460 | good. Profit I found a car a very good car from our back. So it was really, really really good because I know now I am like investing in other things like |
| 194 | 00:37:57,450 --> 00:38:09,570 | food production. The first thing the main focus for me is now he's fine. Like Leinster especially in third world country because you have if you have 10,000 |
| 195 | 00:38:09,570 --> 00:38:25,170 | here, you multiply by 10 in third world countries and you can have a much bigger, like wealth production, you have a multiplicator basically and I'm |
| 196 | 00:38:25,170 --> 00:38:37,350 | investing in a lot of things that that helped me not basically leaving trading at all so I know that if I don't do the training for my expensive for my |
| 197 | 00:38:37,350 --> 00:38:39,870 | expenses, I know that reading is going to be a really |
| 198 | 00:38:41,010 --> 00:38:52,800 | ICT: that's awesome. You see in our industry carry on now our industry rather that what we do, how we trade how we look at the marketplace is catching on like |
| 199 | 00:38:52,800 --> 00:39:03,840 | fire right now. And sometimes change isn't always a welcome thing for certain people. What would you say to the people that are doubting the the effectiveness |
| 200 | 00:39:03,840 --> 00:39:05,580 | of how we look at the marketplace? |
| 201 | 00:39:07,440 --> 00:39:23,700 | Alex: Well, I I don't really know what to say because if you doubt something like this, it means that you haven't really dig deeper around the concept. And I |
| 202 | 00:39:23,700 --> 00:39:35,490 | think that the majority of people that follow you really follows you are really understanding that the thing you are teaching are very strong in terms of |
| 203 | 00:39:35,520 --> 00:39:49,320 | technical science. And so let let that go to let people know this thing I think is better. So I don't really know what to say to them |
| 204 | 00:39:53,730 --> 00:39:57,330 | ICT: what would you say your next three to five years goals would be |
| 205 | 00:39:58,530 --> 00:40:13,140 | Alex: okay, now my goes really are being completely financially free, because I love to have my freedom. So the next thing I'm gonna attack is buying a house |
| 206 | 00:40:14,040 --> 00:40:27,450 | with a good farmer with animals to be completely independent from the world. So having like, bank accounts all over the world, so my money are somewhere here, |
| 207 | 00:40:27,450 --> 00:40:41,940 | somewhere here, somewhere here. So they're basically much more productive. And then my really, the only thing I really want to have in life is like being |
| 208 | 00:40:41,940 --> 00:40:56,010 | present every moment without thinking. And this is the great satisfaction and trading, I love the in deeper in trading, because I love the act of really, like |
| 209 | 00:40:57,090 --> 00:41:10,290 | always bettering my yet always letting myself, this is the main focus for me, because I know that now I can do money. But money is not a big, big thing for |
| 210 | 00:41:10,290 --> 00:41:24,120 | me. Now, I used to look at it, like it can buy everything, it can only buy physical things yet, they're good, but you're gonna only, like raise the bar |
| 211 | 00:41:24,150 --> 00:41:37,740 | every time like you buy an Audi, you want the next one? The next one. So I want the standard practice. And money is useful, obviously, because it allows not to |
| 212 | 00:41:37,740 --> 00:41:50,490 | do the things you don't want to do not spend time where you don't want to be to be with your family, or your friends to enjoy life. And let's let's go I want to |
| 213 | 00:41:50,490 --> 00:42:03,240 | try to leave the family to have, like complete freedom for me from the mind, especially because sometimes I understand that the mind is my main block right |
| 214 | 00:42:03,240 --> 00:42:12,510 | now. And I know that if I like go outside the mind, I'm really, really good. That's my main focus in life. |
| 215 | 00:42:13,950 --> 00:42:20,490 | ICT: Would you say that your level of stress is completely different and lower now because you're successful now? |
| 216 | 00:42:22,200 --> 00:42:34,980 | Alex: Yes, it's completely different. Because now my stress comes from threats in my mind. I was profiting from trading, my dresser was rotten, |
| 217 | 00:42:35,130 --> 00:42:47,460 | external condition that went through. Okay, so I didn't have money. I was like locked in my room. And it was very, very frustrating for me. So the stress level |
| 218 | 00:42:47,460 --> 00:42:57,990 | is very, very different. Now, I am able to enjoy my day. Quite a little bit more. And yes, the stress level is very |
| 219 | 00:42:59,040 --> 00:43:07,080 | ICT: awesome. So is there a lot of traders where you are in Italy? I mean, is it like a? Is it a big thing here? |
| 220 | 00:43:07,710 --> 00:43:19,890 | Alex: Yeah. Italians always been, like enterpreneurs financial people, because here in Italy is very difficult to be as the businesses because of |
| 221 | 00:43:19,890 --> 00:43:34,470 | taxation, taxation is very high is from 50 to 60% of businesses. So a lot of people are really, really good in doing businesses. But they can't really do |
| 222 | 00:43:34,470 --> 00:43:44,670 | that do this in physical words, because of taxation. So many, many targets are starting to understand that online is very, very good. I know a lot of people I |
| 223 | 00:43:44,700 --> 00:44:00,930 | created a small group of 45 people where we talk about reading, we always met each other. And I want to greet them the deeper traders. And there is a lot of |
| 224 | 00:44:00,930 --> 00:44:05,640 | people who follow your material also hearing even in general, I know a lot of people |
| 225 | 00:44:07,590 --> 00:44:15,660 | ICT: that's awesome. Was there anything you want to close with? Like, if you want to, more or less encapsulate your total experience since you started |
| 226 | 00:44:15,660 --> 00:44:25,920 | learning it now that you're successful at it, like give us a final, I guess, report card on what it is that you were part of and what it's done for your |
| 227 | 00:44:25,920 --> 00:44:26,280 | life? |
| 228 | 00:44:27,330 --> 00:44:40,080 | Alex: Okay, basically, I want to really thank you, Michael, because you're really changed my life. You really change the future of my family of my kids of |
| 229 | 00:44:40,080 --> 00:44:55,440 | my friends. And guys, this man have in front of me will be written in history books, I can guarantee you and so this is a big thank you on my part. And I |
| 230 | 00:44:55,440 --> 00:45:06,120 | think I speak for a lot of people out here. The company stone in the world are really, really bad right now. And your material is like a lighter for everyone |
| 231 | 00:45:06,150 --> 00:45:20,910 | out here to keep going to keep throwing, like financial freedom or freedom in general. Because when you give yourself to a certain skill, you find yourself |
| 232 | 00:45:20,910 --> 00:45:34,260 | you'll find your way you, like get rid of toxic habits. And it's, it's a really, really good journey training is not only upon a journey, it's like a mental |
| 233 | 00:45:34,260 --> 00:45:44,640 | game. It's like it's the most beautiful games. And that's because it gives you the opportunity to grow. As your technical skills grow, you have to understand |
| 234 | 00:45:44,640 --> 00:45:57,960 | that your mental skill will grow. And I want to also thank our men, that is called the caffeine Gupta. He is coach is Indian, I think, an Indian coach for |
| 235 | 00:45:57,960 --> 00:46:14,580 | top performers. And I met him on YouTube with some conversation, he has a free a free YouTube channel. And I think he's a genius in terms of understanding the |
| 236 | 00:46:14,580 --> 00:46:25,860 | mind. He basically helped people understanding how the mind works, how the mind hijacks our life, how it creates problems. So I want to thank these men a lot, |
| 237 | 00:46:25,890 --> 00:46:38,370 | because as you, you helped me really, you helped me greatly in my technical science. And he helped me greatly in my psychological, like psychological side, |
| 238 | 00:46:38,730 --> 00:46:50,580 | I understand that no mines are the perfect stage for life. And the one thing is, man, I want to because I have incredible results for my age. And I know, I'm |
| 239 | 00:46:50,580 --> 00:47:03,480 | gonna make a lot more money in the next in the next weeks in the next month. And this is a great satisfaction for me. So guys, keep going, keep working, don't |
| 240 | 00:47:03,480 --> 00:47:14,490 | work harder. Don't work at work, Martha, Martha, don't care about what other people say, if you understand that the fingers, this man is listening to you or |
| 241 | 00:47:14,490 --> 00:47:26,580 | to just dig deeper, and it's gonna come it's gonna go on for everyone. But you need to be desperate enough to see for yourself, to change your life accordingly |
| 242 | 00:47:26,730 --> 00:47:35,190 | to the way you want to be to the person you want to be. That's the most important thing you need to. First of all, when you're in contrast to evaluate |
| 243 | 00:47:35,220 --> 00:47:48,240 | your desire to do this, this profession, because you can make money with a lot of profession, and you need to be like desperate to have this skill set. And the |
| 244 | 00:47:48,240 --> 00:47:57,180 | moment you are desperate enough, it will come to you. I don't know exactly the process of how it works. But when you really, really, really, really want |
| 245 | 00:47:57,180 --> 00:48:08,070 | something, things like begin to happen in your life. I know your story that he was in a very, very difficult period of your life. And you had like his strange, |
| 246 | 00:48:08,880 --> 00:48:18,870 | like strange experiences outside of the box. And I know these experiences are real, because I've tried it in my life. I've had this experience. So there we |
| 247 | 00:48:18,870 --> 00:48:29,130 | go. And let's go Miko, I want to thank you. I want to thank all the work you have done. This is really, really the greatest thing that that happened in my |
| 248 | 00:48:29,130 --> 00:48:31,650 | life. This is my point of luck. |
| 249 | 00:48:33,180 --> 00:48:41,310 | ICT: Well, it's been my pleasure. And it's my honor to be your mentor. And I'm so pleased that you spent time with me and my family will be watching this |
| 250 | 00:48:41,310 --> 00:48:49,320 | together this evening. And it's a very emotional thing to be able to see my students and to hear their stories and to give their testimony. So thank you so |
| 251 | 00:48:49,320 --> 00:48:50,790 | much for sharing your time with us today. |
| 252 | 00:48:53,310 --> 00:48:54,150 | Alex: Thank you, Michael, |
| 253 | 00:48:54,420 --> 00:48:55,230 | ICT: you as well. Thank you |