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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