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2 |1 |00:00:27 ~-~-> 00:00:36 |ICT: Good morning, it is a good morning. Hope you're doing well. So I felt a
3 |2 |00:00:36 ~-~-> 00:00:42 |little impulsive. This morning, I got up a little earlier than I planned to be
4 |3 |00:00:42 ~-~-> 00:00:46 |the a and I made my rounds through YouTube and looked at the folks that I
5 |4 |00:00:46 ~-~-> 00:00:54 |like to follow and see what they posted and see if their latest updated social
6 |5 |00:00:54 ~-~-> 00:01:04 |media posts would be. And I came across one of the guys I follow who I'm rooting
7 |6 |00:01:04 ~-~-> 00:01:13 |for. A lot of you don't understand why. But he was the inspiration behind this
8 |7 |00:01:14 ~-~-> 00:01:19 |discussion today. Now, right away, let me preface it by saying this is the kind
9 |8 |00:01:19 ~-~-> 00:01:26 |of thing that the millennials that have it right now give it to me, I demand it,
10 |9 |00:01:26 ~-~-> 00:01:30 |you owe it to me and make it real easy. And I don't want to have to put any
11 |10 |00:01:30 ~-~-> 00:01:35 |effort into it. This is the kind of topic or discussion that you're not
12 |11 |00:01:35 ~-~-> 00:01:39 |going to like, because it's going to require you to do some personal
13 |12 |00:01:39 ~-~-> 00:01:43 |inventory. It's also going to put limitations on where you're placing your
14 |13 |00:01:43 ~-~-> 00:01:49 |focus, what you should be doing, how you should be thinking and the millennial
15 |14 |00:01:49 ~-~-> 00:01:52 |mindset is Don't tell me how to think I'll learn how to do that on social
16 |15 |00:01:52 ~-~-> 00:02:05 |media. So in trading, and investing, you're you're entering an arena, where
17 |16 |00:02:05 ~-~-> 00:02:10 |the sharpest minds in the world are out here trying to cannibalize one another.
18 |17 |00:02:10 ~-~-> 00:02:15 |And if you come in with a very limited perspective on how the markets are going
19 |18 |00:02:15 ~-~-> 00:02:20 |to behave, how you are going to engage in these marketplaces, you're going to
20 |19 |00:02:20 ~-~-> 00:02:26 |have your clock cleaned, okay? very efficiently. And expediently and it will
21 |20 |00:02:26 ~-~-> 00:02:36 |be sudden, and you won't feel like anyone can be profitable or anyone can
22 |21 |00:02:36 ~-~-> 00:02:41 |trade. And I've seen that over the years as a educator coming in contact with a
23 |22 |00:02:41 ~-~-> 00:02:48 |lot of different personalities, a lot of different cultural divides. And largely
24 |23 |00:02:48 ~-~-> 00:02:57 |the repeating phenomenon is that the lack of personal responsibility. And
25 |24 |00:02:57 ~-~-> 00:03:10 |also the just a disproportionate level of what is realistic, versus what's been
26 |25 |00:03:11 ~-~-> 00:03:17 |promoted largely on social media. So I wanted to talk a little bit, I probably
27 |26 |00:03:17 ~-~-> 00:03:23 |will be about an hour or less today. So I'm on schedule. So I have to make sure
28 |27 |00:03:23 ~-~-> 00:03:27 |I stay on that. That timeframe. It's around the holidays. And it's something
29 |28 |00:03:27 ~-~-> 00:03:30 |I'm trying to squeeze in on my personal time. Usually I do these types of
30 |29 |00:03:30 ~-~-> 00:03:34 |things, or did these things. I'm not on Twitter anymore, but I would do Twitter
31 |30 |00:03:34 ~-~-> 00:03:38 |spaces. And I wanted to kind of encourage you, because we're ending in
32 |31 |00:03:38 ~-~-> 00:03:44 |2023. A lot of you have learned a great deal of new things on the YouTube
33 |32 |00:03:44 ~-~-> 00:03:48 |channel, you've learned a lot of things about trading, maybe you've discovered a
34 |33 |00:03:48 ~-~-> 00:03:51 |lot of things about yourself. Maybe you found the model, maybe you found the
35 |34 |00:03:51 ~-~-> 00:03:59 |beginning footings, if you will have a progress that you want to see increase
36 |35 |00:03:59 ~-~-> 00:04:04 |in move forward. And I'm trying to encourage you to do that today. But also
37 |36 |00:04:04 ~-~-> 00:04:11 |want to remind you some of the things that I met coming up. And also what I
38 |37 |00:04:11 ~-~-> 00:04:16 |see a lot of traders, and a lot of influencers slash traders, and a lot of
39 |38 |00:04:16 ~-~-> 00:04:23 |YouTubers that pretend to be traders, those pitfalls they're falling victim
40 |39 |00:04:23 ~-~-> 00:04:32 |to. And admittedly, I have reached out to them both publicly and privately, to
41 |40 |00:04:32 ~-~-> 00:04:36 |try to encourage me to do things a little bit differently. And I understand
42 |41 |00:04:36 ~-~-> 00:04:40 |some people just don't want to take advice, especially some of them, not
43 |42 |00:04:40 ~-~-> 00:04:45 |wanting to receive it from me. But that's, you know, that's missing it's
44 |43 |00:04:45 ~-~-> 00:04:52 |misfortunate for both of us because I'd like to see these individuals improve
45 |44 |00:04:52 ~-~-> 00:05:00 |and I see them at a position of stagnant development. The chart will not change
46 |45 |00:05:00 ~-~-> 00:05:04 |In this discussion, by the way, so your screens not frozen. There'll be a list
47 |46 |00:05:04 ~-~-> 00:05:09 |of things here. And I'll show you the first one. The first pitfall and plague
48 |47 |00:05:09 ~-~-> 00:05:13 |of trading well is unrealistic expectations or results that you think
49 |48 |00:05:13 ~-~-> 00:05:18 |that you have to have. Okay. And before I say anything more, just let me say
50 |49 |00:05:18 ~-~-> 00:05:26 |this. We are in a performance oriented industry, it's all about the results,
51 |50 |00:05:26 ~-~-> 00:05:32 |okay? Whose results matter, yours, not mine, not the people you follow, not the
52 |51 |00:05:32 ~-~-> 00:05:36 |people that you're trying to learn from, not the people, you pocketwatch on
53 |52 |00:05:36 ~-~-> 00:05:40 |social media, this person has the better car, this person has the better house,
54 |53 |00:05:40 ~-~-> 00:05:44 |this person has the better trading setup, the better, the better. Monitor
55 |54 |00:05:44 ~-~-> 00:05:50 |array, the better trading desk, the better whatever, okay, all of those
56 |55 |00:05:50 ~-~-> 00:05:54 |things, do nothing to put money in your pocket or add to your bottom line on
57 |56 |00:05:54 ~-~-> 00:05:58 |your account. Now, that's not to say you can't be entertained by those types of
58 |57 |00:05:58 ~-~-> 00:06:02 |things. But unfortunately, the state of the world today is they equate that to
59 |58 |00:06:02 ~-~-> 00:06:08 |being equivalent to Well, I can be like them, and I want to be successful. So I
60 |59 |00:06:08 ~-~-> 00:06:11 |can do those things versus I want to learn how to trade so I don't have to go
61 |60 |00:06:11 ~-~-> 00:06:17 |to work. I want to have a profitable trading endeavor, so that we can operate
62 |61 |00:06:17 ~-~-> 00:06:22 |like a business, and be an entrepreneur and have the benefits of living a better
63 |62 |00:06:22 ~-~-> 00:06:26 |lifestyle. And that's not being rich. Okay, that's not that's not being
64 |63 |00:06:26 ~-~-> 00:06:29 |promised to you here. But another stream of income, that you can feel confident
65 |64 |00:06:29 ~-~-> 00:06:36 |that you're going to be able to do this in perpetuity, without the necessity of
66 |65 |00:06:36 ~-~-> 00:06:40 |you going to punch a time clock, or leaning on the salary that a ball says
67 |66 |00:06:40 ~-~-> 00:06:44 |that this is what you're worth, to me. That's not guaranteed to you next year
68 |67 |00:06:44 ~-~-> 00:06:51 |in 2024, that could change. So when we look at people, and I'm going to lock
69 |68 |00:06:51 ~-~-> 00:07:00 |myself into this, okay, for all fairness, I share a lot of examples that
70 |69 |00:07:00 ~-~-> 00:07:08 |many of you sometimes say in my comment section, you did a lot on Twitter, too.
71 |70 |00:07:08 ~-~-> 00:07:12 |Not all of you are guilty of this, but I I'm of the opinion that it's the
72 |71 |00:07:12 ~-~-> 00:07:17 |majority, I know that sometimes on executing with models that I have not
73 |72 |00:07:17 ~-~-> 00:07:25 |fully revealed, or entry mechanisms or things like that. And invariably, I'll
74 |73 |00:07:25 ~-~-> 00:07:32 |see people say, I took the exact same trade, you're lying to yourself, I don't
75 |74 |00:07:32 ~-~-> 00:07:36 |believe you. And those types of things are not going to help you as a trader,
76 |75 |00:07:36 ~-~-> 00:07:40 |because what you're doing is, you're saying to yourself, in a comment to me
77 |76 |00:07:40 ~-~-> 00:07:44 |that I'm not believing. Now, if you so this is my example. And I have students
78 |77 |00:07:44 ~-~-> 00:07:51 |that do this. They'll record themselves in engaging price, managing it. And I
79 |78 |00:07:51 ~-~-> 00:07:54 |reached out to a person that just recently in the day did almost the same
80 |79 |00:07:54 ~-~-> 00:08:02 |trade that I did. And I gave him a call out on my community tab. He's ever on
81 |80 |00:08:02 ~-~-> 00:08:07 |Twitter. Just look at that name. Look at all the recent tweets towards me. Now,
82 |81 |00:08:07 ~-~-> 00:08:14 |I'm not active on Twitter. But that person did exactly as close as you can
83 |82 |00:08:14 ~-~-> 00:08:20 |can to what I did in terms of trying to trade the market. Wasn't it exact same
84 |83 |00:08:20 ~-~-> 00:08:24 |film? No. Was it exact same targets? No. But the same premise? What was he
85 |84 |00:08:24 ~-~-> 00:08:32 |employing? What he learned? Okay, what do you learned? So unrealistic results
86 |85 |00:08:32 ~-~-> 00:08:41 |are assuming that you're going to have the same entries, the same targets the
87 |86 |00:08:41 ~-~-> 00:08:48 |same, everything about my trade. When you don't hit that, it will be
88 |87 |00:08:48 ~-~-> 00:08:54 |frustrating. And you'll start doing other things because that impulsiveness
89 |88 |00:08:54 ~-~-> 00:08:59 |will rise up in you. And you're going to know, in the deepest part of you that
90 |89 |00:08:59 ~-~-> 00:09:05 |you can't do what I'm doing yet. Now did you can't, but you can't do it yet. So
91 |90 |00:09:05 ~-~-> 00:09:09 |then you start pushing a button to see, well, let me entertain myself because I
92 |91 |00:09:09 ~-~-> 00:09:12 |don't feel well about what I think I should be able to do. Because I've
93 |92 |00:09:12 ~-~-> 00:09:16 |watched a lot of these videos. Therefore it means I should know how to do it.
94 |93 |00:09:16 ~-~-> 00:09:20 |When you haven't practiced that. You haven't studied it. You haven't put
95 |94 |00:09:20 ~-~-> 00:09:25 |chart time and you haven't logged anything. And those things they will
96 |95 |00:09:25 ~-~-> 00:09:29 |equate to and deliver the results that you're looking for. But just simply
97 |96 |00:09:29 ~-~-> 00:09:33 |watching videos, that doesn't do it. Watching videos about taking notes
98 |97 |00:09:33 ~-~-> 00:09:39 |doesn't do it. So having unrealistic results in mind meaning watching things
99 |98 |00:09:39 ~-~-> 00:09:45 |like a Robins cup performance next year, or watching what the historical returns
100 |99 |00:09:45 ~-~-> 00:09:49 |have been and thinking that you're going to walk out there in your trading, not
101 |100 |00:09:49 ~-~-> 00:09:57 |necessarily entering the competition but trading with that level of return. Every
102 |101 |00:09:57 ~-~-> 00:10:00 |one of those individuals out there today if you go look at it and Any one of
103 |102 |00:10:00 ~-~-> 00:10:04 |those divisions, they're all respectable returns.
104 |103 |00:10:06 ~-~-> 00:10:08 |They're not to be diminished. I'm not trying to say that they're not good
105 |104 |00:10:08 ~-~-> 00:10:13 |returns, they're great returns, if you're making 100% return on your money
106 |105 |00:10:13 ~-~-> 00:10:17 |in a year. And granted, there are a lot of you that are my students, there's a
107 |106 |00:10:17 ~-~-> 00:10:22 |lot of you that don't even trade the way I trade. And you can do better than 100%
108 |107 |00:10:22 ~-~-> 00:10:26 |return in a year. So please put your ego aside, because we're not out here trying
109 |108 |00:10:26 ~-~-> 00:10:30 |to measure up anything I'm trying to focus on the students or traders that
110 |109 |00:10:30 ~-~-> 00:10:35 |are trying to accomplish consistency. And the things that they may or may not
111 |110 |00:10:35 ~-~-> 00:10:39 |have identified are problematic barriers that they're either going to have to
112 |111 |00:10:39 ~-~-> 00:10:44 |overcome, or will eventually become a factor in their development, and how to
113 |112 |00:10:44 ~-~-> 00:10:48 |get around those types of things, at least, how I did it, and how I actively
114 |113 |00:10:48 ~-~-> 00:10:53 |teach my own students, and my own children. And I'll talk about my son
115 |114 |00:10:53 ~-~-> 00:10:58 |Cameron, who's wrestling with a lot of things as well. So you have to be
116 |115 |00:10:58 ~-~-> 00:11:03 |realistic about this. Okay, and watching someone that's been doing it for a very
117 |116 |00:11:03 ~-~-> 00:11:07 |long time. And assuming that you're gonna watch a few videos that you maybe
118 |117 |00:11:07 ~-~-> 00:11:11 |have been following for a number of years, and then thinking well, I should
119 |118 |00:11:11 ~-~-> 00:11:16 |be able to do what you're doing. When none of you would be expected to be able
120 |119 |00:11:16 ~-~-> 00:11:20 |to trade like that, I would never have that expectation on you. years down the
121 |120 |00:11:20 ~-~-> 00:11:25 |road, you will. But just simply because you went through a video series last a
122 |121 |00:11:25 ~-~-> 00:11:28 |couple of days, and maybe looked at some old charts, or maybe watching some of my
123 |122 |00:11:28 ~-~-> 00:11:33 |executions, you might feel an affinity for wanting to trade like this. But
124 |123 |00:11:33 ~-~-> 00:11:36 |don't assume for a moment that it's realistic for you to expect yourself to,
125 |124 |00:11:36 ~-~-> 00:11:43 |to walk out in 2024, and trade like that. So when you see your favorite
126 |125 |00:11:43 ~-~-> 00:11:50 |YouTuber, your favorite online personality in me in that list as well.
127 |126 |00:11:51 ~-~-> 00:11:57 |Our results are unique to us. You don't know what we're wrestling with at the
128 |127 |00:11:57 ~-~-> 00:12:04 |time. You don't know what things are factors that are really plaguing us
129 |128 |00:12:04 ~-~-> 00:12:09 |behind the scenes, while in a trade. You don't know if we feel good about the
130 |129 |00:12:09 ~-~-> 00:12:13 |levers that we put on or not. There's been several instances where I have
131 |130 |00:12:14 ~-~-> 00:12:19 |shown executions this week. And when I moved my stop because of personal
132 |131 |00:12:19 ~-~-> 00:12:23 |schedules, I want to be able to share something with you. And I moved the stop
133 |132 |00:12:23 ~-~-> 00:12:27 |a little bit more aggressive than I would normally do. If I wasn't trying to
134 |133 |00:12:27 ~-~-> 00:12:30 |meet a time scheduled event like my son going to the dentist, like my wife
135 |134 |00:12:30 ~-~-> 00:12:33 |saying, hey, you know, we got to get the tree up, we got to do this, we got to
136 |135 |00:12:33 ~-~-> 00:12:37 |get new sets of this for you something around the house because I'm a family
137 |136 |00:12:37 ~-~-> 00:12:42 |person as well. I have a family, I have a wife of a honey to do, or honey do
138 |137 |00:12:42 ~-~-> 00:12:46 |list that she likes to throw at me. These are all things that you as a
139 |138 |00:12:46 ~-~-> 00:12:50 |person are going to have to manage in your trading as well. And while you're
140 |139 |00:12:50 ~-~-> 00:12:54 |learning how to do this, if you ever went to uni, even a college student
141 |140 |00:12:54 ~-~-> 00:12:59 |would not be those types of things. You had to balance that as well. You had to
142 |141 |00:12:59 ~-~-> 00:13:03 |work your job if you have to keep a job steady, do all those things. And it's a
143 |142 |00:13:03 ~-~-> 00:13:08 |lot on your plate. And it's important that you realize that no one's holding
144 |143 |00:13:08 ~-~-> 00:13:14 |you to a unrealistic expectation of yourself except for you. You you're
145 |144 |00:13:14 ~-~-> 00:13:24 |doing that and don't allow other people to inflate what you should be viewing as
146 |145 |00:13:24 ~-~-> 00:13:30 |realistic results and what is a realistic result. To me, if you can make
147 |146 |00:13:30 ~-~-> 00:13:39 |2% a week, that's phenomenal. Now obviously, you that's way below someone
148 |147 |00:13:39 ~-~-> 00:13:45 |that's been trading for a long time. That's, that's really nothing in terms
149 |148 |00:13:45 ~-~-> 00:13:48 |of the grand scheme of things. But we're talking about where you are right now.
150 |149 |00:13:48 ~-~-> 00:13:59 |The the the lack of consistency, or the trader student that is unable to find
151 |150 |00:13:59 ~-~-> 00:14:06 |their way in consistency. Where should you aim? Finding yourself in the realm
152 |151 |00:14:06 ~-~-> 00:14:13 |of 2% positive on the week. That is not a high watermark where you can't reach
153 |152 |00:14:13 ~-~-> 00:14:20 |it is absolutely attainable. And you can do it risking one quarter of 1% Now
154 |153 |00:14:20 ~-~-> 00:14:27 |that's not sexy, that's not in vogue right now. That's not a popular thing to
155 |154 |00:14:27 ~-~-> 00:14:31 |be risking that little because in your mindset, you're thinking I can't get
156 |155 |00:14:31 ~-~-> 00:14:39 |rich, risking so little I gotta risk big money. That's a lie. The people that say
157 |156 |00:14:39 ~-~-> 00:14:45 |that are not profitable anyway. In their mind that tells you that number one,
158 |157 |00:14:45 ~-~-> 00:14:49 |they're mathematically challenged. They have no understanding of compound
159 |158 |00:14:49 ~-~-> 00:14:54 |interest. They have no consistency in modeling a trading plan. They have no
160 |159 |00:14:54 ~-~-> 00:14:57 |idea what they're looking for. They have no faith in what they're looking for.
161 |160 |00:14:57 ~-~-> 00:15:04 |It's gonna repeat just about every sing all day. And because creatures of habit,
162 |161 |00:15:04 ~-~-> 00:15:10 |that's what humans are, if you if you follow or fly with a flock of birds,
163 |162 |00:15:10 ~-~-> 00:15:15 |okay, that has a specific mindset, you will adopt that mindset, even if it is
164 |163 |00:15:15 ~-~-> 00:15:20 |toxic, because you're going to try to fit in. And social media kind of
165 |164 |00:15:21 ~-~-> 00:15:25 |captivates these individuals where they feel like they're, they're included in
166 |165 |00:15:25 ~-~-> 00:15:34 |something. And you don't want to include yourself in to a community mindset. That
167 |166 |00:15:34 ~-~-> 00:15:41 |is unrealistic, having astronomical rates of return. You know, while that's
168 |167 |00:15:41 ~-~-> 00:15:47 |wonderful, and it should be an aspiration over a long career, walking
169 |168 |00:15:47 ~-~-> 00:15:52 |out in your first few years as a fledgling as a trader, you know, it's,
170 |169 |00:15:52 ~-~-> 00:15:58 |it's going to sound like a buzzkill. But really, it's not practical. And I fell
171 |170 |00:15:58 ~-~-> 00:16:01 |victim to that when I first started, I felt like it was something that, you
172 |171 |00:16:01 ~-~-> 00:16:07 |know, that's what that's going to tell me, I'm doing the right thing, making
173 |172 |00:16:07 ~-~-> 00:16:11 |lots of money doing it correctly, you with lots of new percentage return,
174 |173 |00:16:13 ~-~-> 00:16:20 |never losing. That's an unrealistic expectation as well. And I forced myself
175 |174 |00:16:20 ~-~-> 00:16:25 |I was actually talking to my private mentorship students. And I said, I was
176 |175 |00:16:25 ~-~-> 00:16:30 |forcing myself to trade in conditions that I don't generally want to trading.
177 |176 |00:16:31 ~-~-> 00:16:37 |And you've seen me get stopped out, you've watched me get stopped out. They
178 |177 |00:16:37 ~-~-> 00:16:43 |have to re enter using the rules that I teach, traded in settings that I would
179 |178 |00:16:43 ~-~-> 00:16:47 |not risk real money in. And the questions that are coming up in the
180 |179 |00:16:47 ~-~-> 00:16:52 |comment section, you know, why are you doing it? Because I'm showing you why I
181 |180 |00:16:52 ~-~-> 00:16:55 |practice what I preach. Can I get it right? Sometimes? Yes. But is that
182 |181 |00:16:55 ~-~-> 00:16:59 |enough reason for me to go out there and trade in front of the CPI? No. Is it
183 |182 |00:16:59 ~-~-> 00:17:06 |enough reason for me to trade in front of the FOMC? No. Is it something that
184 |183 |00:17:06 ~-~-> 00:17:11 |should be trading on a Thursday and Friday of Non Farm Payroll? No. Can I
185 |184 |00:17:11 ~-~-> 00:17:18 |Yes. Can I get fortunate enough to have a setup fall in my favor? Yes. But that
186 |185 |00:17:18 ~-~-> 00:17:25 |doesn't entice me to do it as a steady diet every single month. Because my
187 |186 |00:17:26 ~-~-> 00:17:34 |precision, my accuracy, my trade management is greatly hindered by the
188 |187 |00:17:34 ~-~-> 00:17:40 |level of volatility and uncertainty that is caused around those types of days. So
189 |188 |00:17:40 ~-~-> 00:17:45 |I don't need to go out on social media to do those things to prove that my
190 |189 |00:17:45 ~-~-> 00:17:49 |concepts or that I can trade or anybody else can learn this and have it
191 |190 |00:17:49 ~-~-> 00:17:52 |transferable knowledge. I don't need to do those things. But because I want to
192 |191 |00:17:52 ~-~-> 00:17:55 |close this year out with other things and talk about it in a manner where hey,
193 |192 |00:17:55 ~-~-> 00:18:00 |look, you can see those examples and think to yourself, Wow, that's, that's
194 |193 |00:18:00 ~-~-> 00:18:05 |really good. To me, when I look at this, I look at it as I know, it's
195 |194 |00:18:05 ~-~-> 00:18:09 |entertaining for you. But I don't want you to look at it and say, Well, I want
196 |195 |00:18:09 ~-~-> 00:18:15 |to trade like you and do that. Because that's not what this was. Well. There's
197 |196 |00:18:15 ~-~-> 00:18:19 |been several times this year. And in my prime ministership, they will vouch for
198 |197 |00:18:19 ~-~-> 00:18:26 |this too, I'm rarely accurate in my expectation of front of the CPI number.
199 |198 |00:18:26 ~-~-> 00:18:30 |I've said it many times in Twitter spaces. I've said it many times in this
200 |199 |00:18:30 ~-~-> 00:18:35 |YouTube channel. And I'm rarely accurate, in terms of what I think the
201 |200 |00:18:35 ~-~-> 00:18:41 |CPI is going to do before it does it. So if I had a model, if I had a approach
202 |201 |00:18:41 ~-~-> 00:18:46 |that could take advantage of that thing, clearly I'd be in there doing every
203 |202 |00:18:46 ~-~-> 00:18:50 |single month when it's available, I'd be in there you fleecing it every every
204 |203 |00:18:50 ~-~-> 00:18:55 |single opportunity. But because I've seen enough to know that that's not
205 |204 |00:18:55 ~-~-> 00:19:00 |realistic for me to know in advance with a great deal of consistency, what that
206 |205 |00:19:00 ~-~-> 00:19:04 |report is going to do much like the Non Farm Payroll, I can have a schematic in
207 |206 |00:19:04 ~-~-> 00:19:07 |mind where I think that this is what the price is going to do. It's going to
208 |207 |00:19:07 ~-~-> 00:19:11 |behave this way. It's going to attack this liquidity first and then go here.
209 |208 |00:19:11 ~-~-> 00:19:15 |But you know what that is? It's the equivalent of the same thing that a
210 |209 |00:19:15 ~-~-> 00:19:19 |football teams head coach does when they're at the Superbowl. They have a
211 |210 |00:19:19 ~-~-> 00:19:26 |playbook. For how many times is the other team that didn't when looking at
212 |211 |00:19:26 ~-~-> 00:19:31 |that playbook saying, but I had it all figured out beforehand. If the players
213 |212 |00:19:31 ~-~-> 00:19:35 |just would have did this if the candlesticks would have just did what
214 |213 |00:19:35 ~-~-> 00:19:40 |they were supposed to do. That's unrealistic thinking. Those are
215 |214 |00:19:40 ~-~-> 00:19:44 |unrealistic results. I know that these markets are going to be even more
216 |215 |00:19:44 ~-~-> 00:19:51 |manipulated in a degree where I can't participate and trust that my concepts
217 |216 |00:19:51 ~-~-> 00:19:56 |my models are going to perform as efficiently as they would if they're not
218 |217 |00:19:56 ~-~-> 00:20:01 |in those particular settings. Any given day of the Week, apart from the things
219 |218 |00:20:01 ~-~-> 00:20:02 |I've mentioned here,
220 |219 |00:20:03 ~-~-> 00:20:06 |I'm pretty confident that I'm gonna find something that I'm gonna be able to take
221 |220 |00:20:06 ~-~-> 00:20:14 |home. Now, me being your mentor, and you saying, I'm a student of you, and I
222 |221 |00:20:14 ~-~-> 00:20:19 |believe in your concepts, that doesn't equate to you being on the level,
223 |222 |00:20:20 ~-~-> 00:20:26 |knowing how to do it yet. So don't blur that line. And some of you get very
224 |223 |00:20:26 ~-~-> 00:20:32 |misses where it becomes, you know, admittedly, it's it's cult like, because
225 |224 |00:20:33 ~-~-> 00:20:37 |anything that gets popular, and it feels like you want to be a part of it, and
226 |225 |00:20:37 ~-~-> 00:20:43 |it's able to do things that something different. People want to plug into
227 |226 |00:20:43 ~-~-> 00:20:48 |that, and it gives them an identity, you're stronger than that, you don't
228 |227 |00:20:48 ~-~-> 00:20:53 |need to identify with me, you don't need to identify with my concepts. That
229 |228 |00:20:53 ~-~-> 00:20:57 |doesn't mean you can't employ them, it doesn't mean that they can't be a basis
230 |229 |00:20:57 ~-~-> 00:21:02 |for you to be trading. But so many of you are just trying to be part of
231 |230 |00:21:03 ~-~-> 00:21:09 |something that's not required for you to be profitable, meaning the the carnival
232 |231 |00:21:09 ~-~-> 00:21:14 |like atmosphere, I love the commodity and the tight knit feeling of our
233 |232 |00:21:14 ~-~-> 00:21:22 |community. But many of you go on to defensive when you don't need to. And
234 |233 |00:21:23 ~-~-> 00:21:27 |that's an unrealistic result as well. You can't worry about defending me, you
235 |234 |00:21:27 ~-~-> 00:21:32 |can't worry about defending my concepts, they do it all by themselves. Okay, I
236 |235 |00:21:32 ~-~-> 00:21:37 |don't need anybody to defend me or how I trade. Your focus should be primarily on
237 |236 |00:21:37 ~-~-> 00:21:41 |you. What are you doing today? That's leading you to being better than you
238 |237 |00:21:41 ~-~-> 00:21:47 |were yesterday? Last week, last month, last quarter last year? And are you
239 |238 |00:21:47 ~-~-> 00:21:52 |logging that? You have to be journaling? If you're not journaling? That's an
240 |239 |00:21:52 ~-~-> 00:21:58 |unrealistic result. You have no baseline measurement, you have no way of being
241 |240 |00:21:58 ~-~-> 00:22:03 |able to judge, are you really seeing progress? Because if you go by gut
242 |241 |00:22:03 ~-~-> 00:22:07 |feeling, yeah, I feel better by getting in trade. That's nothing. That's
243 |242 |00:22:07 ~-~-> 00:22:11 |nothing. Some of these executions, I didn't share it with you this week. And
244 |243 |00:22:11 ~-~-> 00:22:16 |last year, once I got into the trade, I was like, a rush. So when I got in this
245 |244 |00:22:16 ~-~-> 00:22:20 |trade, now, I wish I would have waited on another move and even got in at a
246 |245 |00:22:20 ~-~-> 00:22:24 |higher price. Even though I was bullish, even though I got in and a lower price.
247 |246 |00:22:24 ~-~-> 00:22:29 |I didn't like where I was in certain parts of those executions. But I was
248 |247 |00:22:29 ~-~-> 00:22:32 |there. And that's exactly what it's like for you. When you get into the real
249 |248 |00:22:32 ~-~-> 00:22:36 |world where you're trading with real money, you're gonna push a button. And
250 |249 |00:22:36 ~-~-> 00:22:40 |now what do you do if you don't feel so warmed up to the idea that you've placed
251 |250 |00:22:40 ~-~-> 00:22:46 |yourself correctly, you either have to manage yourself through that trade, or
252 |251 |00:22:46 ~-~-> 00:22:51 |kill it, and then go in in a better place where you feel sound, you feel
253 |252 |00:22:51 ~-~-> 00:22:56 |comfortable. And books don't talk about these types of things. You know, other
254 |253 |00:22:56 ~-~-> 00:23:00 |teachers, they don't talk about those things. It's something that you're going
255 |254 |00:23:00 ~-~-> 00:23:07 |to encounter. But when you sugarcoat it, and you put blinders on, you say, Well,
256 |255 |00:23:09 ~-~-> 00:23:11 |I didn't really do anything wrong here, because the trade did eventually pan
257 |256 |00:23:11 ~-~-> 00:23:17 |out. Well, that's not accurate. You have to identify what caused you the
258 |257 |00:23:17 ~-~-> 00:23:25 |uncomfortable state of mine. I was in, I've been listening to the tops that
259 |258 |00:23:25 ~-~-> 00:23:30 |YouTube channel, those guys over there, they used to trade on the floor. And I
260 |259 |00:23:30 ~-~-> 00:23:33 |absolutely love listening to their stories. I love listening to their
261 |260 |00:23:33 ~-~-> 00:23:38 |banter. And I like using your chat window for sentiment because it's a
262 |261 |00:23:38 ~-~-> 00:23:42 |wonderful way of being able to see overbought, oversold when capitulations
263 |262 |00:23:42 ~-~-> 00:23:46 |there, when I can feed that type of thing. And please don't be put off by
264 |263 |00:23:46 ~-~-> 00:23:49 |that because they're doing the same thing when they talk about their tilt.
265 |264 |00:23:50 ~-~-> 00:23:53 |That's a sentiment indicator. You know, all of you are going to want to use
266 |265 |00:23:53 ~-~-> 00:23:57 |that. And all I'm doing is using the real time sentiment indicators that the
267 |266 |00:23:57 ~-~-> 00:24:02 |commentary of these participants in that chat window and other YouTubers I like
268 |267 |00:24:02 ~-~-> 00:24:08 |to listen to. I'm not there to learn how to trade. I'm there for the community
269 |268 |00:24:08 ~-~-> 00:24:11 |aspect of listening to them talk about how it was for them on the floor. I love
270 |269 |00:24:11 ~-~-> 00:24:14 |hearing I wish they would do more of that. I wish they would do more of that.
271 |270 |00:24:15 ~-~-> 00:24:20 |I started when that was still a way of trading. You know, we're dinosaurs, that
272 |271 |00:24:20 ~-~-> 00:24:27 |type of that way of trading is gone. It'll never be like that again. And when
273 |272 |00:24:27 ~-~-> 00:24:35 |I heard one of the gentlemen talk about how they had traded, and while they did
274 |273 |00:24:35 ~-~-> 00:24:41 |well enough to come out in a profit. He said, I don't like it. And even though I
275 |274 |00:24:41 ~-~-> 00:24:46 |was profitable, I don't feel I did well today. Yield that is that's not that's
276 |275 |00:24:46 ~-~-> 00:24:52 |not beating yourself up. That's reality. And that's exactly what all of you need
277 |276 |00:24:52 ~-~-> 00:24:57 |to do. You can't just say, well, I pushed a button. I want to open a
278 |277 |00:24:57 ~-~-> 00:25:00 |prayer. It worked out in my favor. So therefore it's good. Oh baby, look at
279 |278 |00:25:00 ~-~-> 00:25:07 |me, watching me shine, I have a great deal of respect for that. I have a great
280 |279 |00:25:07 ~-~-> 00:25:10 |deal of respect for any trader that says, You know what, this worked out my
281 |280 |00:25:10 ~-~-> 00:25:16 |favor. But really, it was just a state of me being fortunate enough to see it
282 |281 |00:25:16 ~-~-> 00:25:19 |come out in my favor, it had nothing to do with skill, because if I was being
283 |282 |00:25:19 ~-~-> 00:25:24 |honest with you, I wish I wouldn't have taken that very trade there. Are you
284 |283 |00:25:24 ~-~-> 00:25:30 |equipped to, to critique yourself that way, where it's not, you're not beating
285 |284 |00:25:30 ~-~-> 00:25:37 |yourself up. You're not undermining the, the mindset that you're going to need to
286 |285 |00:25:37 ~-~-> 00:25:42 |tap into, you're not trying to belittle yourself, you're not trying to shame
287 |286 |00:25:42 ~-~-> 00:25:47 |yourself, but you're holding yourself to accountability. And that's a very, very
288 |287 |00:25:48 ~-~-> 00:25:54 |hard line to walk as human being, let alone, placing it on the measurement of
289 |288 |00:25:54 ~-~-> 00:25:58 |making money or losing and equating that to failure or successfulness. And you
290 |289 |00:25:58 ~-~-> 00:26:02 |can't can't do that in trading. Because you can be successful and still just
291 |290 |00:26:02 ~-~-> 00:26:08 |taking very small losses, or getting into a trade and saying, Oh, well, I
292 |291 |00:26:08 ~-~-> 00:26:13 |thought I saw something here. But it really isn't there. And if I hold on to
293 |292 |00:26:13 ~-~-> 00:26:18 |it, really what I'm doing is I'm gambling. Because I don't feel confident
294 |293 |00:26:18 ~-~-> 00:26:22 |about that setup. And I'm not going to wrestle an arm wrestle myself and say,
295 |294 |00:26:22 ~-~-> 00:26:26 |Well, if I get out, I know it's gonna run. And I'm gonna regret that no, a
296 |295 |00:26:26 ~-~-> 00:26:30 |professional mindset doesn't think like that, you know, who thinks like that a
297 |296 |00:26:30 ~-~-> 00:26:35 |gambler, you know, if this slot machine is cold, and they put money on it for
298 |297 |00:26:35 ~-~-> 00:26:39 |two, three hours and ain't paying out nothing. But I know as soon as I get up,
299 |298 |00:26:39 ~-~-> 00:26:45 |Larry over there in the corner who's eaten. dial it back, and it slow down,
300 |299 |00:26:45 ~-~-> 00:26:50 |slow down. Someone else is going to slide on in when you get up. And you
301 |300 |00:26:50 ~-~-> 00:26:53 |know what they're gonna do, they're gonna put enough money in the ratio will
302 |301 |00:26:53 ~-~-> 00:26:58 |be met, and then the machine will pay out. And he will say I knew I was right,
303 |302 |00:26:58 ~-~-> 00:27:04 |if I just would have, we can't do that in trading. You can't have a slot
304 |303 |00:27:04 ~-~-> 00:27:13 |machine mentality. Because if you're gaining the experience, learning how to
305 |304 |00:27:13 ~-~-> 00:27:18 |navigate these markets, knowing what you're looking for. If that's not there,
306 |305 |00:27:19 ~-~-> 00:27:24 |for your trade. Everything's not saying this is really what you should be in
307 |306 |00:27:24 ~-~-> 00:27:28 |right now. You're all things are a go for this trade to be profitable. If
308 |307 |00:27:28 ~-~-> 00:27:32 |those things are not, in fact, what's going on for your trade, then you need
309 |308 |00:27:32 ~-~-> 00:27:37 |to kill it. Or at the very minimum, take half the trade off, and let experience
310 |309 |00:27:37 ~-~-> 00:27:42 |guide you and the rest of it. But if you're honest with yourself, right now,
311 |310 |00:27:42 ~-~-> 00:27:45 |if we were in a conversation together, it was just the privacy of you and I
312 |311 |00:27:45 ~-~-> 00:27:49 |talking. And I will say hey, have you ever had this experience where you knew
313 |312 |00:27:49 ~-~-> 00:27:55 |you shouldn't have been in trade? But yet you're still in it? Wouldn't you?
314 |313 |00:27:56 ~-~-> 00:28:01 |When you feel uncomfortable saying it publicly. You feel uncomfortable,
315 |314 |00:28:02 ~-~-> 00:28:08 |because you're equating it to? Well, it's not something that people should
316 |315 |00:28:09 ~-~-> 00:28:16 |blame. They shouldn't blame me for it. They shouldn't have any harsh criticism.
317 |316 |00:28:18 ~-~-> 00:28:23 |Because I'm trading, I'm doing more than you. And I was willing to hold on to the
318 |317 |00:28:23 ~-~-> 00:28:26 |trade, even though I knew was not likely to be profitable, I was able to hold on
319 |318 |00:28:26 ~-~-> 00:28:31 |to it. So therefore it makes me stronger. No, it makes you a gambler. It
320 |319 |00:28:31 ~-~-> 00:28:41 |makes you a gambler. It makes you hold on to emotional stimuli, for fear of
321 |320 |00:28:41 ~-~-> 00:28:47 |feeling in emotional stimuli at a later time that was going to be regretful,
322 |321 |00:28:47 ~-~-> 00:28:53 |because if you're right, if you're right, and you hold on to it, you're
323 |322 |00:28:53 ~-~-> 00:28:59 |going to call that skill. And I'm here to tell you, that's not skill. If you
324 |323 |00:28:59 ~-~-> 00:29:05 |know your model is no longer in that setup. You're in their blind, you're
325 |324 |00:29:05 ~-~-> 00:29:11 |like a sailboat in a storm, with no rudder. Wherever the winds gonna carry
326 |325 |00:29:11 ~-~-> 00:29:15 |you, that's where you're gonna go. And if you make a dish or somewhere, you're
327 |326 |00:29:15 ~-~-> 00:29:18 |going to call that port of destination where you intended to be. And that's a
328 |327 |00:29:18 ~-~-> 00:29:29 |lie. That's a lie. So, having realistic results, being comfortable with it,
329 |328 |00:29:29 ~-~-> 00:29:33 |being content with it, aiming for a very low hanging fruit objective 2% If you're
330 |329 |00:29:33 ~-~-> 00:29:37 |beginning, if you're not really consistent, aim for 2% a week. I promise
331 |330 |00:29:37 ~-~-> 00:29:44 |you. I promise you, you can make a lot of money. If that's all you ever do. And
332 |331 |00:29:44 ~-~-> 00:29:50 |you intend to trade the rest of your life. 2% per week does wonders. does
333 |332 |00:29:50 ~-~-> 00:29:51 |wonders.
334 |333 |00:29:53 ~-~-> 00:29:58 |Percy, you think it needs to be hundreds of 1000s of dollars. You see these
335 |334 |00:29:58 ~-~-> 00:30:02 |people getting these payouts. Nice funded account companies, how many times
336 |335 |00:30:02 ~-~-> 00:30:07 |did they have to reset and how many times they blow out? That's the, that's
337 |336 |00:30:07 ~-~-> 00:30:13 |the stat I would love to see. When they put up their payout. New leaderboard
338 |337 |00:30:13 ~-~-> 00:30:18 |says, Hey, this trader just took out $20,000, this trader just took a payout
339 |338 |00:30:18 ~-~-> 00:30:24 |of $50,000. Here's how you make it really good. And it's encouragement. And
340 |339 |00:30:24 ~-~-> 00:30:27 |it reminds the people that are trying to pursue that type of trading, say, hey,
341 |340 |00:30:27 ~-~-> 00:30:31 |look, this person failed this many times. This is how many times this
342 |341 |00:30:31 ~-~-> 00:30:35 |person tried to do a combine this how many times they got into a funded
343 |342 |00:30:35 ~-~-> 00:30:39 |account and then lost it. And now this is where they're at, this is how long it
344 |343 |00:30:39 ~-~-> 00:30:46 |took them, then then you would be able to tap into some real data, some real
345 |344 |00:30:46 ~-~-> 00:30:50 |information that would really be helpful to you, because it isn't a flash in the
346 |345 |00:30:50 ~-~-> 00:30:57 |pan overnight success. I know it wasn't for me. And I'm not saying that it can't
347 |346 |00:30:57 ~-~-> 00:31:01 |happen for someone lightning strikes, you know, they happen sometimes. But as
348 |347 |00:31:01 ~-~-> 00:31:06 |a realistic expectation that everybody should expect it for themselves. That's
349 |348 |00:31:06 ~-~-> 00:31:13 |not practical. And this isn't a popular talking point. But it's the very thing
350 |349 |00:31:13 ~-~-> 00:31:18 |that you need to be reminded of. I'm just going to drop the name here.
351 |350 |00:31:18 ~-~-> 00:31:26 |Because I think if if you listen to the person talking in the video that I'm
352 |351 |00:31:26 ~-~-> 00:31:32 |gonna mention here in a second, put aside all the things about the person
353 |352 |00:31:32 ~-~-> 00:31:35 |and the personality and the things that they've said in the past and how they
354 |353 |00:31:35 ~-~-> 00:31:39 |carry on and whatnot. Because it's all environment. It's my opinion, its
355 |354 |00:31:39 ~-~-> 00:31:43 |performance for entertainment purposes, and to draw a crowd, which you know, I'm
356 |355 |00:31:43 ~-~-> 00:31:50 |good at that. But when you listen to this person, articulate the hardships
357 |356 |00:31:50 ~-~-> 00:31:55 |that they're going through. That's the very reason why I watch this person.
358 |357 |00:31:56 ~-~-> 00:32:00 |Because I'm actively interested in seeing them overcome the very things
359 |358 |00:32:00 ~-~-> 00:32:04 |that I'm talking about. It isn't the first time I've talked about it. With
360 |359 |00:32:04 ~-~-> 00:32:09 |this person in mind, I want this person to succeed. I want this person to grow.
361 |360 |00:32:09 ~-~-> 00:32:14 |I want this person to feel accomplished, and overcome a lot of mental barriers.
362 |361 |00:32:15 ~-~-> 00:32:20 |And listen, just listen, and take the good advice and run with it. You don't
363 |362 |00:32:20 ~-~-> 00:32:23 |even you don't even have to thank me. You don't have to go and say I listened
364 |363 |00:32:23 ~-~-> 00:32:30 |to you. And it worked. Just listen and just do it. Okay. But Patrick Whelan, he
365 |364 |00:32:30 ~-~-> 00:32:35 |posted a video last night, and I watched it earlier this morning. And I posted
366 |365 |00:32:35 ~-~-> 00:32:39 |the response, it hasn't made its way to his comment section. And I noticed the
367 |366 |00:32:39 ~-~-> 00:32:43 |other day, I was in a chat window. And none of my posts were making it there.
368 |367 |00:32:43 ~-~-> 00:32:47 |So apparently, I made my way on his banned list. And I'm not sure why but
369 |368 |00:32:47 ~-~-> 00:32:51 |I've always been encouraging to them. But he posted a video. And this is the
370 |369 |00:32:51 ~-~-> 00:32:58 |very type of video I like, watching from him usually is very flamboyant, very
371 |370 |00:33:01 ~-~-> 00:33:07 |much of a braggart and does a lot of talk. And it's great. It's like he has a
372 |371 |00:33:07 ~-~-> 00:33:14 |lot of showmanship. But he admitted where he was in his position of being in
373 |372 |00:33:14 ~-~-> 00:33:21 |a funded account. He showed where he is finance financially where, you know, he
374 |373 |00:33:21 ~-~-> 00:33:23 |had this much, and this is where he's at, he's losing, he's losing, he's
375 |374 |00:33:23 ~-~-> 00:33:27 |losing. And I'm not encouraging you to go over there and talk any kind of
376 |375 |00:33:27 ~-~-> 00:33:30 |smack. I'm not telling you to go over there and troll him. I'm telling you
377 |376 |00:33:30 ~-~-> 00:33:36 |that that's the very thing that this industry needs. That type of stuff,
378 |377 |00:33:36 ~-~-> 00:33:41 |where individuals come out and say, Hey, this is hard. This is what I'm going
379 |378 |00:33:41 ~-~-> 00:33:45 |through. This is what I got to work through. And yeah, I can make a lot of
380 |379 |00:33:45 ~-~-> 00:33:49 |money, but then I ended up losing it. And I don't know the answer is yet. You
381 |380 |00:33:49 ~-~-> 00:33:53 |do know the answers, Patrick, but what you're doing is what social media
382 |381 |00:33:53 ~-~-> 00:34:00 |youtube or twitter, instagram traders do is they're trying to be the biggest
383 |382 |00:34:00 ~-~-> 00:34:05 |profitable person, the biggest profitable, the stand out from a crowd
384 |383 |00:34:05 ~-~-> 00:34:13 |type person. And that's a that's a big pitfall. Because if you're always trying
385 |384 |00:34:13 ~-~-> 00:34:20 |to be the gold medalist unless you're Michael Phelps, a freak of nature, the
386 |385 |00:34:20 ~-~-> 00:34:23 |chances of you being like that consistently. I mean, look at he did a
387 |386 |00:34:23 ~-~-> 00:34:27 |real good run of it. But he's did he do it again and again and again and again.
388 |387 |00:34:27 ~-~-> 00:34:34 |Now. It has a short, it has a short lifespan. It looks great. When it
389 |388 |00:34:34 ~-~-> 00:34:39 |happens, it feels great. And the viewers that don't have experience, they think
390 |389 |00:34:39 ~-~-> 00:34:45 |that okay, you've done this, you need to keep doing it this way. And if you don't
391 |390 |00:34:45 ~-~-> 00:34:51 |do it this way, then you're a fraud. Then you can't trade when it's the very
392 |391 |00:34:52 ~-~-> 00:34:57 |factors that you're placing on yourself that are unrealistic, trying to live up
393 |392 |00:34:57 ~-~-> 00:35:02 |to other people's expectation. You ended up either trying to trade your p&l,
394 |393 |00:35:02 ~-~-> 00:35:08 |which is your trading your profit and loss equity curve, which should never be
395 |394 |00:35:08 ~-~-> 00:35:14 |done. But 90% of the time, I'll just go out and say it's 99% of the time,
396 |395 |00:35:15 ~-~-> 00:35:20 |especially with funded account traders, they freak out. They think that the
397 |396 |00:35:20 ~-~-> 00:35:24 |losing trade is took for even if they hit maximum loss, and they are forced to
398 |397 |00:35:24 ~-~-> 00:35:27 |stop trading. That's the beginning in the end. So you must have this
399 |398 |00:35:28 ~-~-> 00:35:31 |recklessly trade to Wrestlin the rest of it and then start a brand new one,
400 |399 |00:35:32 ~-~-> 00:35:38 |you're still met with the same problem, you have to get to the funded state, you
401 |400 |00:35:38 ~-~-> 00:35:41 |have to get to a profitable state, and you have to be able to eventually
402 |401 |00:35:41 ~-~-> 00:35:46 |withdraw money. Otherwise, why are you doing it? If you're not in this to
403 |402 |00:35:46 ~-~-> 00:35:50 |trade, and make money, and it's irrelevant what other people think is an
404 |403 |00:35:50 ~-~-> 00:35:54 |amount of money that's significant or insignificant, it doesn't matter.
405 |404 |00:35:54 ~-~-> 00:35:57 |Because you're not going to, you're not going to give what you made in the
406 |405 |00:35:57 ~-~-> 00:36:01 |market, you're not going to give that money to anyone. They're not going to
407 |406 |00:36:01 ~-~-> 00:36:04 |spend your money, just the same way. You're not going to spend theirs. But
408 |407 |00:36:04 ~-~-> 00:36:08 |you're all pocket watching. I got people in the comment section saying, you know,
409 |408 |00:36:08 ~-~-> 00:36:15 |why don't you show us your real setups? I am. Why don't you do this live in
410 |409 |00:36:15 ~-~-> 00:36:20 |front of us, I'm not going to do that. Because I know many of you are reckless,
411 |410 |00:36:21 ~-~-> 00:36:26 |you'll over leverage. You won't, you won't have the wherewithal to hold the
412 |411 |00:36:26 ~-~-> 00:36:30 |stock where I place it. Because you're over leverage, you'll hurt yourself. And
413 |412 |00:36:30 ~-~-> 00:36:33 |you'll blame me and I didn't do anything except for do what I'm doing right now.
414 |413 |00:36:34 ~-~-> 00:36:39 |And or other people will do it get credit from having an amazing trade p&l,
415 |414 |00:36:39 ~-~-> 00:36:43 |and they'll be able to pretend that they can do what I'm doing. And they'll start
416 |415 |00:36:43 ~-~-> 00:36:49 |mentorships and fleece people and take them take advantage Oh, I don't need to
417 |416 |00:36:49 ~-~-> 00:36:52 |do that. Just watch what I do on Robins cup next year. That's all I'm gonna say,
418 |417 |00:36:53 ~-~-> 00:36:56 |just watch out the next year. Okay, that's all you got to worry about.
419 |418 |00:36:56 ~-~-> 00:37:01 |You're gonna have all the things to talk about next year. But having unrealistic
420 |419 |00:37:01 ~-~-> 00:37:07 |expectations of yourself, especially if you're an influencer, or trying to be an
421 |420 |00:37:07 ~-~-> 00:37:12 |influencer, or a YouTuber, the ones that I like, are the ones that come out and
422 |421 |00:37:12 ~-~-> 00:37:16 |say, You know what, these are the hardships I went through. And this is
423 |422 |00:37:16 ~-~-> 00:37:18 |what I'm still wrestling with. You know what, that's someone that listened to,
424 |423 |00:37:20 ~-~-> 00:37:26 |that someone to listen to? Because they're not hiding that part. They don't
425 |424 |00:37:26 ~-~-> 00:37:35 |owe anything to you. They owe nothing to you. But they're being candid enough to
426 |425 |00:37:35 ~-~-> 00:37:42 |say, hey, look, you see this, you see that I got paid out from this company, I
427 |426 |00:37:43 ~-~-> 00:37:46 |took a withdrawal from my live account, that's not a prop from that account.
428 |427 |00:37:47 ~-~-> 00:37:52 |It's my actual trading. I showed you broker statements. I logged in and
429 |428 |00:37:52 ~-~-> 00:37:58 |showed you three months of my trading when loss everything. You're not
430 |429 |00:37:58 ~-~-> 00:38:02 |obligated, I'm not obligated rather, to share any of that none of these
431 |430 |00:38:02 ~-~-> 00:38:06 |individuals on YouTube or on social media are obligated obligated to show
432 |431 |00:38:06 ~-~-> 00:38:13 |you anything. But this expectation, this unrealistic expectation that everybody
433 |432 |00:38:13 ~-~-> 00:38:19 |needs to sit down and prove to you who was no one. Tom, Dick and Harry showing
434 |433 |00:38:19 ~-~-> 00:38:24 |up from the position of anonymity, you owe me a full explanation of everything,
435 |434 |00:38:24 ~-~-> 00:38:29 |I don't owe you shit. And neither does anybody else. And you coming up as a
436 |435 |00:38:29 ~-~-> 00:38:36 |traitor, you you owe no one else, anything. None of you are spending my
437 |436 |00:38:36 ~-~-> 00:38:39 |money. None of you are sleeping in my house, you're not going to drive in my
438 |437 |00:38:39 ~-~-> 00:38:42 |cars, you're not going to go on vacations with me, I'm not going to have
439 |438 |00:38:42 ~-~-> 00:38:46 |presents with your name under under my fucking tree. Okay, none of those things
440 |439 |00:38:46 ~-~-> 00:38:50 |are gonna happen. But in this world today, everybody expects everybody to
441 |440 |00:38:50 ~-~-> 00:38:59 |give them stuff. Information details, things that are not in any way shape or
442 |441 |00:38:59 ~-~-> 00:39:02 |form realistic to be expected. If I was running, if anyone else was running a
443 |442 |00:39:02 ~-~-> 00:39:08 |signal service, then absolutely, you better have something. Show me what
444 |443 |00:39:08 ~-~-> 00:39:14 |you're doing, then that makes sense. It makes perfect sense. But all of you are
445 |444 |00:39:14 ~-~-> 00:39:18 |in a rush to be in a position where other people are going to demand
446 |445 |00:39:18 ~-~-> 00:39:24 |information from you details that you're not obligated to give. You're not
447 |446 |00:39:24 ~-~-> 00:39:29 |obligated. You're absolutely not obligated. But the mindset today is,
448 |447 |00:39:29 ~-~-> 00:39:32 |this is what it should be. And if you don't want to dance to the beat of my
449 |448 |00:39:32 ~-~-> 00:39:41 |drum, then you're a fraud. Go fuck yourself. Okay. Go back here and second
450 |449 |00:39:41 ~-~-> 00:39:49 |one, peer driven performance. Now, I have a lot to do with this. Because when
451 |450 |00:39:49 ~-~-> 00:39:50 |I show examples,
452 |451 |00:39:51 ~-~-> 00:39:56 |other people they're intimidated by that because they they don't trade that way.
453 |452 |00:39:56 ~-~-> 00:40:00 |They many times don't even use a stop loss and they don't Nowhere to do a
454 |453 |00:40:00 ~-~-> 00:40:03 |partial, they don't know where the market is gonna go. And they're just
455 |454 |00:40:03 ~-~-> 00:40:09 |really just getting into a trade to find out what happens. And to me, that's, you
456 |455 |00:40:09 ~-~-> 00:40:14 |know, hope and a prayer type trading, they might be profitable, because
457 |456 |00:40:14 ~-~-> 00:40:18 |honestly, you can flip a quarter, and trade heads and tails. And if you got
458 |457 |00:40:18 ~-~-> 00:40:22 |really, really good risk management and you risk very little, you can make
459 |458 |00:40:22 ~-~-> 00:40:29 |money. I wouldn't sleep at night trading like that. But you can make money. So
460 |459 |00:40:29 ~-~-> 00:40:39 |if, if you feel like you are a another person on on social media, and you feel
461 |460 |00:40:39 ~-~-> 00:40:45 |like because my community, or maybe some of the things I say, if you listen to
462 |461 |00:40:45 ~-~-> 00:40:51 |what I'm saying, I attack retail theology, because it's flawed. It really
463 |462 |00:40:51 ~-~-> 00:40:55 |is, I don't care what you're going to say about it and response, you're making
464 |463 |00:40:55 ~-~-> 00:40:57 |money because you're a good risk manager, not because of Wycoff not
465 |464 |00:40:57 ~-~-> 00:41:01 |because of supply and demand, not because of Elliott Wave, you're making
466 |465 |00:41:01 ~-~-> 00:41:07 |money. Because of good risk management. That's all because none of that stuff
467 |466 |00:41:07 ~-~-> 00:41:11 |makes the market go up or down. Buying and selling pressure, depth of market
468 |467 |00:41:11 ~-~-> 00:41:17 |DOM market profile, all of that is horseshit. It's bullshit. But I know
469 |468 |00:41:17 ~-~-> 00:41:22 |people I know personally, people that make lots of money, and they attribute
470 |469 |00:41:22 ~-~-> 00:41:29 |their success to that. But that stuff is in alignment, when they're profitable
471 |470 |00:41:29 ~-~-> 00:41:32 |with the things that I teach, which is the reality of the marketplace, the
472 |471 |00:41:32 ~-~-> 00:41:35 |market is going to seek yield, it's going to run for inefficiency, for the
473 |472 |00:41:35 ~-~-> 00:41:39 |purposes of making that market efficiently delivered, that's a fair
474 |473 |00:41:39 ~-~-> 00:41:43 |value gap. In other words, it's going to run for liquidity. That's it, that's all
475 |474 |00:41:43 ~-~-> 00:41:47 |that's happening. And when it's not doing that, it's going to consolidate.
476 |475 |00:41:48 ~-~-> 00:41:52 |That's it, there are going to be times when the market has a manual
477 |476 |00:41:52 ~-~-> 00:41:58 |intervention, when you gotta see that interest rates, employment data, an
478 |477 |00:41:58 ~-~-> 00:42:04 |unexpected geopolitical event, something more time something, something
479 |478 |00:42:04 ~-~-> 00:42:09 |completely unexpected. And they'll go in, they'll do something where any one
480 |479 |00:42:09 ~-~-> 00:42:12 |of us could lose money. And there's nothing that can be done to save you
481 |480 |00:42:12 ~-~-> 00:42:18 |from that. That's the underlying inherent risks to trading. And most of
482 |481 |00:42:18 ~-~-> 00:42:23 |you are unaware that those types of things are gonna happen. And you have to
483 |482 |00:42:23 ~-~-> 00:42:26 |be aware of that. So when you're trading your account, and you're trying to use
484 |483 |00:42:26 ~-~-> 00:42:32 |the maximum leverage, okay, you're dealing that with the expectation that
485 |484 |00:42:32 ~-~-> 00:42:38 |you're going to have the best outcome. When I'm telling you as a trader,
486 |485 |00:42:39 ~-~-> 00:42:43 |especially for folks that have not yet found consistency or profitability,
487 |486 |00:42:44 ~-~-> 00:42:50 |that's the worst thing to do. That's the worst thing to do. Just because top
488 |487 |00:42:50 ~-~-> 00:42:52 |staff or any other company out there says you can trade with this number of
489 |488 |00:42:52 ~-~-> 00:42:56 |contracts. That's not what a professionally minded trader will do.
490 |489 |00:42:58 ~-~-> 00:43:03 |It's an IQ test. It's available, you can do that, just like your acceleration
491 |490 |00:43:03 ~-~-> 00:43:07 |pedal on your car says, yeah, it can be pressed all the way to the floor, if you
492 |491 |00:43:07 ~-~-> 00:43:10 |hold it there long enough, your car will go as fast as it will go until it can't
493 |492 |00:43:10 ~-~-> 00:43:18 |go further forward. By accident, by a lane change that is not accessible, and
494 |493 |00:43:18 ~-~-> 00:43:23 |you're gonna hit a brick wall or something. Just because it can go fast.
495 |494 |00:43:24 ~-~-> 00:43:30 |Just because you can go zero to 60 in a couple seconds, doesn't mean that you're
496 |495 |00:43:30 ~-~-> 00:43:33 |on the road, you're trading, you're trading enough that you're traveling on
497 |496 |00:43:35 ~-~-> 00:43:40 |should be done in your neighborhood, with your neighbors, with small children
498 |497 |00:43:40 ~-~-> 00:43:44 |out there playing on their bicycles, just because your car can go zero to 60
499 |498 |00:43:44 ~-~-> 00:43:51 |in 2.3 seconds. Is that the efficiently done safely done? Is it the right thing
500 |499 |00:43:51 ~-~-> 00:43:54 |to do in front of your house? When those children of your neighbors or your
501 |500 |00:43:54 ~-~-> 00:43:58 |children out front doing it? No, of course not. That's poor risk management.
502 |501 |00:44:00 ~-~-> 00:44:04 |But there are people that do those types of things, and they get away with it.
503 |502 |00:44:04 ~-~-> 00:44:08 |And they get high off of that. And they take that same mindset. And they apply
504 |503 |00:44:08 ~-~-> 00:44:13 |it to their trading. And you see that thing happening, that state of mind that
505 |504 |00:44:13 ~-~-> 00:44:18 |that peer driven performance. People that have little dick energy will go out
506 |505 |00:44:18 ~-~-> 00:44:22 |there and say, oh, yeah, this guy over here doesn't know how to trade, I'm
507 |506 |00:44:22 ~-~-> 00:44:26 |going to be in a competition with them. Really not in a competition, but we're
508 |507 |00:44:26 ~-~-> 00:44:31 |going to compete my results against theirs. That's one of the worst things
509 |508 |00:44:31 ~-~-> 00:44:35 |you can do. Because all you have to do is sit back and watch them. They hurt
510 |509 |00:44:35 ~-~-> 00:44:39 |themselves. Why? Because it's peer driven performance. That's not how they
511 |510 |00:44:39 ~-~-> 00:44:44 |would really trade. That's not how they would trade. And you shouldn't trade
512 |511 |00:44:44 ~-~-> 00:44:51 |that way. And social media and peer driven performance, trying to measure up
513 |512 |00:44:51 ~-~-> 00:44:56 |against the next guy. Oh, this is Oh, it's demo. I'm going to I'm going to try
514 |513 |00:44:56 ~-~-> 00:44:59 |to do it with a real account. I'm going to try to maximize this and really trade
515 |514 |00:44:59 ~-~-> 00:45:04 |unlike it normally would, and then wreck yourself in front of everybody, and to
516 |515 |00:45:04 ~-~-> 00:45:10 |do so much damage to your own brand. That's, that's a poor decision. That's
517 |516 |00:45:10 ~-~-> 00:45:17 |poor decision. Those things should not be done. Just because I can sit there
518 |517 |00:45:17 ~-~-> 00:45:21 |all day long and buy and sell up, down, up, down up down all day long in any
519 |518 |00:45:21 ~-~-> 00:45:25 |given market, doesn't mean that I'm going to need to do it. I know I can
520 |519 |00:45:25 ~-~-> 00:45:27 |sleep at night, knowing that I don't have to do that every single day for
521 |520 |00:45:27 ~-~-> 00:45:34 |you. I'm content with not having to do tardy tricks. Okay. I don't need to
522 |521 |00:45:34 ~-~-> 00:45:39 |perform for you. I do it because I want to do it. I do it I have done in the
523 |522 |00:45:39 ~-~-> 00:45:45 |past to thumb my nose at people that say this stuff doesn't work. But never be
524 |523 |00:45:45 ~-~-> 00:45:48 |sucked into this peer driven performance. And many social media,
525 |524 |00:45:48 ~-~-> 00:45:54 |YouTube perpetrators get tied up and all that stuff. I've been steady Eddy going
526 |525 |00:45:54 ~-~-> 00:46:00 |forward. And I just looked at the following. On the YouTube channel, I got
527 |526 |00:46:00 ~-~-> 00:46:08 |under 25,200 24,000 more and not the million mark. So thank you very, very
528 |527 |00:46:08 ~-~-> 00:46:11 |much for that, by the way. And it's very intimidating to know that that many
529 |528 |00:46:11 ~-~-> 00:46:17 |people are listening to me. Maybe not at one time. But that's a lot of people
530 |529 |00:46:17 ~-~-> 00:46:22 |here. Think about that a million people listening to a kid from Middle River,
531 |530 |00:46:22 ~-~-> 00:46:29 |Maryland. It's weird. But anyway, one of the other factors is obviously you want
532 |531 |00:46:29 ~-~-> 00:46:35 |to you want to trade to be an influencer on social media. Maybe not necessarily
533 |532 |00:46:35 ~-~-> 00:46:39 |be in competition with other influencers, but you want to rise to the
534 |533 |00:46:39 ~-~-> 00:46:46 |occasion as a social media influencer. That's a pitfall. Because, again, you're
535 |534 |00:46:46 ~-~-> 00:46:51 |trying to trade for notoriety. And for the sake of being a celebrity versus I'm
536 |535 |00:46:51 ~-~-> 00:46:57 |trying to trade so I can make money. I'm trying to trade. So I don't have to go
537 |536 |00:46:57 ~-~-> 00:47:03 |back to having to have a job. I'm trying to leave a employment that may be very
538 |537 |00:47:03 ~-~-> 00:47:06 |beneficial to me, and my family may help. They may offer all kinds of
539 |538 |00:47:06 ~-~-> 00:47:10 |insurances. They may offer all kinds of benefits. But guess what, if you can
540 |539 |00:47:10 ~-~-> 00:47:13 |trade profitably, you can afford those things too. And it's a tax write off for
541 |540 |00:47:13 ~-~-> 00:47:18 |you. It's a tax write off for your employer to give that to you. When
542 |541 |00:47:18 ~-~-> 00:47:23 |you're when you're self employed, you can create all these other income
543 |542 |00:47:23 ~-~-> 00:47:27 |streams. Whereas a lot of things like writing off a lot of specific things
544 |543 |00:47:27 ~-~-> 00:47:32 |trading in itself can't do that. It's not legal to do that. It's not like you
545 |544 |00:47:32 ~-~-> 00:47:35 |can't write off your commissions. You can't write off commission to something
546 |545 |00:47:35 ~-~-> 00:47:43 |you just can't deduct that. Well, if you create a secondary entertainment, AD,
547 |546 |00:47:43 ~-~-> 00:47:49 |educational type thing, or a vlog, where you just basically share your life and
548 |547 |00:47:49 ~-~-> 00:47:55 |experience as a trader. Well, guess what? Everything you do now, you can go
549 |548 |00:47:55 ~-~-> 00:47:59 |out to eat 50% of everything you spend on food is a write off unless you do
550 |549 |00:47:59 ~-~-> 00:48:06 |catering, which is 100%. Right off, you can go and show your homes. You can show
551 |550 |00:48:06 ~-~-> 00:48:15 |your cars, your boats, your ATVs, your travel expenses are 100% right off. When
552 |551 |00:48:15 ~-~-> 00:48:20 |I go and I travel, I stay at the nicest place all the time. And if they have
553 |552 |00:48:20 ~-~-> 00:48:25 |hotels that have the restaurants, I want to be in those the highest end
554 |553 |00:48:25 ~-~-> 00:48:31 |restaurants. And I don't care about what it costs. I don't care about tipping
555 |554 |00:48:31 ~-~-> 00:48:36 |lavishly because all of that is going to lower my taxable income that's coming
556 |555 |00:48:36 ~-~-> 00:48:41 |through that secondary income stream. So all these things I get paid to drive my
557 |556 |00:48:41 ~-~-> 00:48:46 |Corvettes that I own. I don't rent them. I don't lease them. Okay, my 2019 I
558 |557 |00:48:46 ~-~-> 00:48:49 |started as a company lease, I paid $13 a month for it. When the lease was
559 |558 |00:48:49 ~-~-> 00:48:53 |finished. I bought it outright. I still have it. If you want to see it, I'll
560 |559 |00:48:53 ~-~-> 00:48:59 |take it for a ride. But I own all my cars, okay, but I maximized the riding
561 |560 |00:48:59 ~-~-> 00:49:07 |off of it. And then for the car like the 2021 I depreciated the RV that I paid
562 |561 |00:49:07 ~-~-> 00:49:13 |almost $300,000 For I'm in depreciation on that. I show it. It's part of my
563 |562 |00:49:13 ~-~-> 00:49:18 |lifestyle. When I'm out gallivanting around in it, and I'm making videos, I'm
564 |563 |00:49:18 ~-~-> 00:49:23 |working from it. So I'm paid to have that vehicle. Whereas if you out and you
565 |564 |00:49:23 ~-~-> 00:49:28 |working at a good career job, and you're doing all this wonderful stuff, and even
566 |565 |00:49:28 ~-~-> 00:49:32 |if you do very well you can't write off those types of things. When you buy a
567 |566 |00:49:32 ~-~-> 00:49:37 |car. You are eating it. When you put gas in your car. You're eating it that's a
568 |567 |00:49:37 ~-~-> 00:49:41 |write off for me. Why? Because I have a social media presence.
569 |568 |00:49:43 ~-~-> 00:49:46 |See the difference? Why do I do this? Because I'm financially literate eat
570 |569 |00:49:46 ~-~-> 00:49:49 |dumb fucks the people are sitting on the sidelines talking Oh, why do you have a
571 |570 |00:49:49 ~-~-> 00:49:55 |YouTube to be so profitable? Because the tax treatment in this you can't do that
572 |571 |00:49:55 ~-~-> 00:49:59 |with your trading and doesn't matter how much money you make? You're fucking
573 |572 |00:49:59 ~-~-> 00:50:03 |stupid. Your book, man, the bottom line is there's a different way of living.
574 |573 |00:50:03 ~-~-> 00:50:07 |When you're financially illiterate, everything that people do that you don't
575 |574 |00:50:07 ~-~-> 00:50:11 |understand, because you're fucking broke. you're critiquing other people,
576 |575 |00:50:11 ~-~-> 00:50:16 |not just me, anyone else, you're you're literally broke, you have no idea what
577 |576 |00:50:16 ~-~-> 00:50:20 |you're talking about, you're not have you have any capacity to understand the
578 |577 |00:50:20 ~-~-> 00:50:25 |benefits of being an entrepreneur, outside of trading. There's so many
579 |578 |00:50:25 ~-~-> 00:50:31 |benefits that this industry can provide for you, if you learn how to trade. You
580 |579 |00:50:31 ~-~-> 00:50:37 |don't have to be making lots of money trading, just got to know how to trade
581 |580 |00:50:37 ~-~-> 00:50:41 |and be profitable. If it replaces your job. Well, guess what, then you can be
582 |581 |00:50:41 ~-~-> 00:50:46 |in a position to be in social media and let that income stream provide and it
583 |582 |00:50:46 ~-~-> 00:50:51 |could be very, very profitable, very profitable. I've said this very
584 |583 |00:50:51 ~-~-> 00:50:57 |candidly, I've made millions, millions and millions and millions more as an
585 |584 |00:50:57 ~-~-> 00:51:03 |educator than I did as a trader. Because look, how many people follow me. Think
586 |585 |00:51:03 ~-~-> 00:51:07 |about that, do the math, you're mathematically challenged. If you can't
587 |586 |00:51:07 ~-~-> 00:51:12 |see that. I haven't taken millions of trades in my lifetime. I haven't done
588 |587 |00:51:12 ~-~-> 00:51:18 |that. I haven't taken millions of trades. Do the fucking math here, folks.
589 |588 |00:51:18 ~-~-> 00:51:23 |You're you're learning a skill set that opens the doors to so many other
590 |589 |00:51:23 ~-~-> 00:51:29 |possible income streams and benefits by by doing those very things. For someone
591 |590 |00:51:29 ~-~-> 00:51:33 |to sit on the sidelines, say, Oh, if he's so rich, but I was rich before I do
592 |591 |00:51:33 ~-~-> 00:51:39 |that stuff. But now, when an accountant sits down, hey, you know, if you do
593 |592 |00:51:39 ~-~-> 00:51:46 |this, you can reduce your taxable income. Okay, so what if I do this, this
594 |593 |00:51:46 ~-~-> 00:51:55 |and this, this, you end up paying $25,000 a year in taxes? What? Yeah,
595 |594 |00:51:55 ~-~-> 00:52:03 |$25,000 for federal and something for Maryland, but your income is $500,000.
596 |595 |00:52:04 ~-~-> 00:52:06 |You can't do that with your fucking jobs, man, you can go to college, all
597 |596 |00:52:06 ~-~-> 00:52:11 |you want, you'll never do that with your college education jobs, you'll never do
598 |597 |00:52:11 ~-~-> 00:52:17 |it. And it's absolutely 100 Fucking percent legal. It's not tax evasion.
599 |598 |00:52:17 ~-~-> 00:52:22 |It's the proper use of the tax code. It is what it is. And people are going to
600 |599 |00:52:22 ~-~-> 00:52:27 |hate you. Because you're going to live a better lifestyle than them. And you're
601 |600 |00:52:27 ~-~-> 00:52:31 |going to pay less taxes than them. And they're going to work next fucking
602 |601 |00:52:31 ~-~-> 00:52:40 |Monday. All from what you're learning to do in these markets. So yeah, you
603 |602 |00:52:40 ~-~-> 00:52:45 |should, if you have the aspiration to to have another income stream, you should
604 |603 |00:52:45 ~-~-> 00:52:49 |tap into social media, you should do those things. But it shouldn't be the
605 |604 |00:52:49 ~-~-> 00:52:55 |driving force behind it. You need to know how to do this well, trading,
606 |605 |00:52:55 ~-~-> 00:52:58 |learning how to trade well. That's how you fortify this because guess what you
607 |606 |00:52:58 ~-~-> 00:53:05 |can do with this. You can do a signal service, if you're inclined to do that.
608 |607 |00:53:05 ~-~-> 00:53:10 |And that is extremely profitable. I did a social media experiment on Twitter
609 |608 |00:53:10 ~-~-> 00:53:15 |before I left it. I said, knowing what I do, and seeing how I trade if I was able
610 |609 |00:53:15 ~-~-> 00:53:19 |to show this to you in a live setting. You're a part of community, but I'm
611 |610 |00:53:19 ~-~-> 00:53:23 |gonna charge you 500 hours a month. I'm not doing this, folks. I'm just saying,
612 |611 |00:53:23 ~-~-> 00:53:30 |I'm just saying this is what it's like. I had 1000s of people. In this first
613 |612 |00:53:30 ~-~-> 00:53:35 |day. I don't even know what the Twitter. The tweet is now where people were like,
614 |613 |00:53:35 ~-~-> 00:53:38 |Yeah, I want to sign up. I still get emails every day. I wish I would have
615 |614 |00:53:38 ~-~-> 00:53:41 |done it now. But people are like, hey, I want to sign up to your signals. I don't
616 |615 |00:53:41 ~-~-> 00:53:44 |have a signal service. I'm not on Instagram. There's people over here
617 |616 |00:53:44 ~-~-> 00:53:47 |claiming they have the official Instagram account of me. No, I did open
618 |617 |00:53:47 ~-~-> 00:53:51 |an account, it was hacked. I said fuck them, I'm not gonna go back on air
619 |618 |00:53:51 ~-~-> 00:53:55 |again. If they're gonna, if they're gonna let that happen. And I'm not
620 |619 |00:53:55 ~-~-> 00:53:58 |worried about I don't need to be on Instagram. I'm right here. This is my
621 |620 |00:53:58 ~-~-> 00:54:04 |social media presence right here, YouTube. I can talk through, you know,
622 |621 |00:54:04 ~-~-> 00:54:08 |talk to through the community posts, and I can do live streams. Okay, it's the
623 |622 |00:54:08 ~-~-> 00:54:12 |same thing I was doing over Twitter. Nothing is so time sensitive that you
624 |623 |00:54:12 ~-~-> 00:54:18 |need to have it right away tweet like it was over there. But social media can be
625 |624 |00:54:18 ~-~-> 00:54:23 |an income stream that you can maximize. And you get the tax benefits that you
626 |625 |00:54:23 ~-~-> 00:54:28 |can't get as a trader, you can make lots and lots and lots of money trading Yes.
627 |626 |00:54:29 ~-~-> 00:54:34 |But you can't write your boat off. You can't write your cars off. You can't
628 |627 |00:54:34 ~-~-> 00:54:37 |write your food off. You can't do all those types of things. But if you have a
629 |628 |00:54:37 ~-~-> 00:54:41 |secondary income stream where your presence online and it can be very
630 |629 |00:54:41 ~-~-> 00:54:46 |subtle, where you're not even that active. You just share things, you know
631 |630 |00:54:46 ~-~-> 00:54:49 |actually teaching anything. So here's a trade I took. Okay, if you have a
632 |631 |00:54:49 ~-~-> 00:54:54 |following the purpose of you showing what your lifestyle is like as soon as
633 |632 |00:54:54 ~-~-> 00:54:58 |you start showing your personal things, that becomes part of your image, your
634 |633 |00:54:58 ~-~-> 00:55:04 |clothing, your house Using all these things, your your utilities, part of
635 |634 |00:55:04 ~-~-> 00:55:08 |that becomes an expense that you can write off your home office. They give
636 |635 |00:55:08 ~-~-> 00:55:11 |you a percentage that you can write on. Obviously, I can't write off my whole
637 |636 |00:55:11 ~-~-> 00:55:17 |home. But there's a, there's a square footage that my accountant works out
638 |637 |00:55:17 ~-~-> 00:55:22 |where this is what we say that you can write off as part of deduction. And you
639 |638 |00:55:22 ~-~-> 00:55:28 |work towards all these types of things all year long. And everything I spend is
640 |639 |00:55:28 ~-~-> 00:55:33 |maximized. And if I can't write it off, generally I won't buy it. I won't spend
641 |640 |00:55:33 ~-~-> 00:55:38 |money on it. See that? That's financial literacy. Just because I have a lot of
642 |641 |00:55:38 ~-~-> 00:55:41 |fucking money doesn't mean I go out there and blow like, some stupid ass.
643 |642 |00:55:42 ~-~-> 00:55:48 |Buying up stuff. Spending money. He says you can is stupidity. But when you spend
644 |643 |00:55:48 ~-~-> 00:55:53 |your money to be paid, using the very things that you're buying or and
645 |644 |00:55:54 ~-~-> 00:56:01 |spending your money on. You look at how many cars I have. Well, you're not
646 |645 |00:56:01 ~-~-> 00:56:06 |showing any Lamborghinis. You're not showing any McLaren's. I can't drive
647 |646 |00:56:06 ~-~-> 00:56:12 |those cars in these streets up here because it'll beat them to death, too. I
648 |647 |00:56:12 ~-~-> 00:56:16 |already worry with the Corvettes that I have because I don't want to get out of
649 |648 |00:56:16 ~-~-> 00:56:19 |them and leave them because people in the world are assholes. Because they'll
650 |649 |00:56:19 ~-~-> 00:56:23 |come down and they'll kill it. I've had it happen before. I would not feel
651 |650 |00:56:23 ~-~-> 00:56:30 |comfortable leaving a McLaren anywhere. It just wouldn't happen. So, you know,
652 |651 |00:56:30 ~-~-> 00:56:33 |this is these are opinions from people that are broke. They probably don't even
653 |652 |00:56:33 ~-~-> 00:56:36 |have a fucking car to run around on a fucking bicycle. They stole two blocks
654 |653 |00:56:36 ~-~-> 00:56:42 |from fucking where you live at. These mindsets are flawed thinking they're
655 |654 |00:56:42 ~-~-> 00:56:47 |toxic thinking. And when you do get on a social media, even if you can trade
656 |655 |00:56:47 ~-~-> 00:56:51 |well, even if you do open up your trading platform, you log in with the
657 |656 |00:56:51 ~-~-> 00:56:55 |password and you go through day by day statements. They're gonna say that you
658 |657 |00:56:55 ~-~-> 00:56:58 |never showed live trading, they're gonna say you don't make money. They're gonna
659 |658 |00:56:58 ~-~-> 00:57:03 |say that it's all fake it these people are fucking idiots. But you're gonna
660 |659 |00:57:03 ~-~-> 00:57:10 |dance to their drumbeat. I don't, I don't I pull strings and I make them
661 |660 |00:57:10 ~-~-> 00:57:15 |dance. I make them watch themselves break their own brand in front of
662 |661 |00:57:15 ~-~-> 00:57:18 |everybody, all with the intent that they're going to try to destroy the
663 |662 |00:57:18 ~-~-> 00:57:23 |downfall of ICT. This is a fucking amazing downfall. I'm rolling up hill
664 |663 |00:57:23 ~-~-> 00:57:29 |without any effort. See, see what happens. When you know what you're
665 |664 |00:57:29 ~-~-> 00:57:32 |doing. And you're out here trying to help other people. You can't beat that.
666 |665 |00:57:33 ~-~-> 00:57:37 |You can't beat that you can't defeat it. You can talk all the stuff that you
667 |666 |00:57:37 ~-~-> 00:57:44 |want, but it never can beat it. It can't be diminished. It can't be tarnished.
668 |667 |00:57:44 ~-~-> 00:57:47 |They can Photoshop they can make all the bullshit up they want. Okay, you see me
669 |668 |00:57:47 ~-~-> 00:57:55 |live in a fucking shack, no. Loop. You see me unable to show you executions
670 |669 |00:57:55 ~-~-> 00:58:00 |every fucking day, every single day I'm laying them out. They're just twisting
671 |670 |00:58:00 ~-~-> 00:58:06 |the knife just twisting ever so slowly ICT I have fun with social media. But
672 |671 |00:58:06 ~-~-> 00:58:11 |mostly you don't have the, the thick skin that I have. I can take a lot of
673 |672 |00:58:11 ~-~-> 00:58:17 |stuff. Many you can't. And you'll be tore up from it. And it'll influence
674 |673 |00:58:17 ~-~-> 00:58:24 |your trading decisions. And then you'll wrestle with trading, where you've never
675 |674 |00:58:24 ~-~-> 00:58:28 |had that problem before, when it was private, when it was just you and your
676 |675 |00:58:29 ~-~-> 00:58:32 |trading statements, what you did in the privacy of your own decision making
677 |676 |00:58:34 ~-~-> 00:58:38 |those types of things you want to you want to hold on to that moment in your
678 |677 |00:58:38 ~-~-> 00:58:41 |trading as long as you possibly can, even if you want to be in social media
679 |678 |00:58:41 ~-~-> 00:58:47 |eventually, because you want to be able to lean on that. That is a very strong
680 |679 |00:58:47 ~-~-> 00:58:53 |Fortress of Solitude. Knowing that you don't have to be on social media. I
681 |680 |00:58:53 ~-~-> 00:58:56 |don't need to be in social media. I stepped away from Twitter, like I said I
682 |681 |00:58:56 ~-~-> 00:58:58 |was but I said I would be here
683 |682 |00:59:03 ~-~-> 00:59:07 |some of you don't like that. Some of you want me go back over to Twitter. I'm not
684 |683 |00:59:07 ~-~-> 00:59:13 |going back over to Twitter. But everything that you do should be driven
685 |684 |00:59:13 ~-~-> 00:59:18 |with the mindset that you are focused primarily on keeping your trading
686 |685 |00:59:18 ~-~-> 00:59:24 |Excellent. Your efficiency, your execution and entry, your stop
687 |686 |00:59:24 ~-~-> 00:59:27 |placement, your trade management, you're not over leveraging you're not trying to
688 |687 |00:59:27 ~-~-> 00:59:32 |do the maximum outcome. And you're worried about capital preservation.
689 |688 |00:59:32 ~-~-> 00:59:37 |Number one, first and foremost, is you're not trying to risk money
690 |689 |00:59:37 ~-~-> 00:59:42 |needlessly, for the sake of being in here and seeing what happens, because
691 |690 |00:59:42 ~-~-> 00:59:44 |I'm gonna save you some money and time and heartache. Here's what's going to
692 |691 |00:59:44 ~-~-> 00:59:48 |happen. You're going to lose your ass. And that one trade is going to cause you
693 |692 |00:59:48 ~-~-> 00:59:52 |to go into a tailspin and you're gonna blow your account, trying to rush to get
694 |693 |00:59:52 ~-~-> 01:00:00 |it back. It happens all the time. Just Just don't do it, period and fine Link,
695 |694 |01:00:01 ~-~-> 01:00:07 |lead dog Pitfall, everybody wants to be the lead dog. Everybody over on Twitter
696 |695 |01:00:07 ~-~-> 01:00:11 |right now is clamoring to be the person everyone wants to talk about. It's silly
697 |696 |01:00:11 ~-~-> 01:00:16 |in it. And I'm not even older anymore, and they're still bringing my name up.
698 |697 |01:00:18 ~-~-> 01:00:23 |Here's the problem with this, okay? If you don't have the real the real skill
699 |698 |01:00:23 ~-~-> 01:00:29 |to be lead dog. You're gonna be the one that tries to pretend to be lead dog.
700 |699 |01:00:29 ~-~-> 01:00:34 |But guess what lead dog is the first one that falls into this, the pit, the snare
701 |700 |01:00:35 ~-~-> 01:00:41 |runs into the obstacle that needs to determine what's the next pathway.
702 |701 |01:00:42 ~-~-> 01:00:46 |Because you have a large falling behind you're you're trying to build one and
703 |702 |01:00:46 ~-~-> 01:00:50 |you got to know where you're going. And most people out there pretending to be
704 |703 |01:00:50 ~-~-> 01:00:55 |legal. They love having their asses sniffed. But they have no idea where
705 |704 |01:00:55 ~-~-> 01:01:01 |they're going. They have no idea where they're going. So don't try I don't try
706 |705 |01:01:01 ~-~-> 01:01:08 |to be leadoff. I don't try to be legal. I just, I'm me. And when I see bullshit,
707 |706 |01:01:08 ~-~-> 01:01:11 |I'm going to call it bullshit. I'm going to tell you what works and what doesn't
708 |707 |01:01:11 ~-~-> 01:01:17 |work for me. If I say I like something, I don't like something. Don't be so
709 |708 |01:01:17 ~-~-> 01:01:20 |close minded. Say well, ICC said he doesn't like it. So therefore I'm gonna
710 |709 |01:01:20 ~-~-> 01:01:24 |think like him. That's the stupidest thing in the world to do. That is called
711 |710 |01:01:24 ~-~-> 01:01:31 |like, be critical. If I say I don't like something. Well, if it doesn't bother
712 |711 |01:01:31 ~-~-> 01:01:34 |you, then just dismiss it. Who cares? Yeah, that's your opinion. It's
713 |712 |01:01:34 ~-~-> 01:01:39 |wonderful. I didn't ask for it. But okay, we heard you. But if I say I don't
714 |713 |01:01:39 ~-~-> 01:01:44 |like something, and this is the reason why I don't like it. Don't subscribe to
715 |714 |01:01:44 ~-~-> 01:01:49 |that viewpoint, just simply because I said that. I made those mistakes as a
716 |715 |01:01:49 ~-~-> 01:01:55 |martial artist as a young man, as a child listening to martial arts I like I
717 |716 |01:01:55 ~-~-> 01:02:00 |looked up to, and they would say certain things. I'm like, Okay, I'm gonna think
718 |717 |01:02:00 ~-~-> 01:02:04 |like you. And then I found out that I couldn't hold that opinion of what they
719 |718 |01:02:04 ~-~-> 01:02:09 |had. And when I've when I first started trading, and learning how to trade
720 |719 |01:02:10 ~-~-> 01:02:14 |everybody, I've read a book of, you know, I hung on every word that they
721 |720 |01:02:14 ~-~-> 01:02:18 |wrote or said, Larry Williams was the one that I basically, I'm gonna be
722 |721 |01:02:18 ~-~-> 01:02:22 |honest with you. When I read his how many million dollar trading commodities
723 |722 |01:02:22 ~-~-> 01:02:27 |last year. And listen to those first four VHS I was convinced that this guy
724 |723 |01:02:27 ~-~-> 01:02:31 |was a billionaire. I'm not a billionaire and somebody you think I have poor
725 |724 |01:02:31 ~-~-> 01:02:39 |fucking trillions of dollars on my ass all the time. I'm not the facts are, you
726 |725 |01:02:39 ~-~-> 01:02:44 |need to be an independent thinker. And you might have heroes. You might have
727 |726 |01:02:44 ~-~-> 01:02:50 |people you look up to, but never meet them. Because the pedestal you put them
728 |727 |01:02:50 ~-~-> 01:02:55 |on. They're undeserving of it. I'm undeserving of many of you think of me.
729 |728 |01:02:56 ~-~-> 01:03:02 |I am a sinning foul mouthed person that wrestles with mental illness. Do you
730 |729 |01:03:02 ~-~-> 01:03:08 |want to learn from me? See how hard of a cell that is? So I had to make videos,
731 |730 |01:03:08 ~-~-> 01:03:14 |edit out those character flaws in me. So that way you could get past that to see
732 |731 |01:03:14 ~-~-> 01:03:18 |that this is what you should focus on while learning how to trade. I've been
733 |732 |01:03:18 ~-~-> 01:03:21 |there I've heard myself I've made lots of money and I've lost lots of money. So
734 |733 |01:03:21 ~-~-> 01:03:26 |you tell me do you want to make the same fucking mistakes that I've done when you
735 |734 |01:03:26 ~-~-> 01:03:31 |can avoid it? Here's what you can avoid doing don't do this don't do that. Do
736 |735 |01:03:31 ~-~-> 01:03:35 |these things this is what helped me and I have students that are making money
737 |736 |01:03:35 ~-~-> 01:03:42 |because they listen to this information a foul it worse the worst of the faulty
738 |737 |01:03:42 ~-~-> 01:03:49 |in there's no there's no faulty logic, and it's based on real experience. It's
739 |738 |01:03:49 ~-~-> 01:03:56 |based on an unadulterated completely candid, I did my own ass in trading
740 |739 |01:03:57 ~-~-> 01:04:03 |other stupid shit that has no bearing on why price is gonna go up or down. So my
741 |740 |01:04:03 ~-~-> 01:04:09 |whole life was how do I fortify those weak points in the fear? The triggering
742 |741 |01:04:09 ~-~-> 01:04:17 |moments of what did I fear most about trading? Not knowing how to get in. I
743 |742 |01:04:17 ~-~-> 01:04:21 |have so many ways to get into a trade now. It's unrealistic for you to have to
744 |743 |01:04:22 ~-~-> 01:04:26 |have that many ways to get in but I that was a real thing for me. I was a phobia.
745 |744 |01:04:29 ~-~-> 01:04:34 |I don't hide my mental illness. I don't hide it from you. When I was on baby
746 |745 |01:04:34 ~-~-> 01:04:39 |pips, I was trying to hide it. I was trying very, very hard to hide it.
747 |746 |01:04:40 ~-~-> 01:04:45 |Because I was afraid of it being used against me. And people still do. But you
748 |747 |01:04:45 ~-~-> 01:04:51 |know, I can't change it. I can't fix it. So I have to wrestle with it live with
749 |748 |01:04:51 ~-~-> 01:04:55 |it. I'm a real person just like you are. I have real things going on my personal
750 |749 |01:04:55 ~-~-> 01:04:58 |life that I have to worry about and wrestle with have chosen to don't want
751 |750 |01:04:58 ~-~-> 01:05:02 |to listen to me just like you do, or if you have children or will have children,
752 |751 |01:05:02 ~-~-> 01:05:07 |you'll have the experience to they're not going to do what you tell them to
753 |752 |01:05:07 ~-~-> 01:05:13 |do, which is good advice. Don't do this. Don't do that. If you get a flat tire to
754 |753 |01:05:13 ~-~-> 01:05:16 |my daughter, don't drive home, just tell me where you're at. And we'll get it
755 |754 |01:05:16 ~-~-> 01:05:20 |taken care of. And they drive home. They tear up the tire completely in the ruin
756 |755 |01:05:20 ~-~-> 01:05:26 |the rent. I told you don't drive it. Yeah, but I didn't want to sit where I
757 |756 |01:05:26 ~-~-> 01:05:30 |was sitting. You were completely safe in a shopping center. Come on, it was
758 |757 |01:05:30 ~-~-> 01:05:37 |daytime. Come on, right. It's common sense. But you know what it's like when
759 |758 |01:05:37 ~-~-> 01:05:40 |you don't listen. That's how you don't trade on non farm payrolls Friday days?
760 |759 |01:05:40 ~-~-> 01:05:44 |And what do you do want to see what happens? And then you're sending me
761 |760 |01:05:44 ~-~-> 01:05:50 |emails, I wish I would have listened. So I mean, I get it. I mean, I get it. You
762 |761 |01:05:50 ~-~-> 01:05:55 |want to be the exception, but that lead dog pitfall? The, it ain't never going
763 |762 |01:05:55 ~-~-> 01:05:58 |to happen to you. And you're going to be the one that rises to the occasion. And
764 |763 |01:05:58 ~-~-> 01:06:04 |you're going to have all the answers. Man, I prematurely thought I had all the
765 |764 |01:06:04 ~-~-> 01:06:10 |answers. In the 90s, I thought I had them all figured out then. And I didn't.
766 |765 |01:06:10 ~-~-> 01:06:16 |And I started teaching way before I knew what the hell I was doing. And I was
767 |766 |01:06:16 ~-~-> 01:06:23 |discovering things while teaching that were actual weaknesses on me. And then I
768 |767 |01:06:23 ~-~-> 01:06:28 |had to fortify those weak areas in my trading with protocols, processes,
769 |768 |01:06:29 ~-~-> 01:06:34 |things that fill in the blank that I had a real phobia about. And the thing
770 |769 |01:06:34 ~-~-> 01:06:40 |primarily was, how do I know when to buy? Because I didn't want to be a short
771 |770 |01:06:40 ~-~-> 01:06:43 |seller. So I had to figure out what were the catalysts that make me feel
772 |771 |01:06:43 ~-~-> 01:06:50 |confident that I can buy that market, knowing that it's not likely to drop. So
773 |772 |01:06:50 ~-~-> 01:06:55 |if I can figure out when the time that I have to do is sit around and wait for
774 |773 |01:06:55 ~-~-> 01:06:59 |those conditions, and then when I do press the button, I'm just going to hold
775 |774 |01:06:59 ~-~-> 01:07:06 |on to it until it vents them, I will. That became the secondary thing. I would
776 |775 |01:07:06 ~-~-> 01:07:12 |force my will on the marketplace. So I had to learn that even though I might
777 |776 |01:07:12 ~-~-> 01:07:16 |have all those things in line that says I have a good buying opportunity. And
778 |777 |01:07:16 ~-~-> 01:07:20 |it's meeting all the criteria that I had at the time, which was myopic, don't
779 |778 |01:07:20 ~-~-> 01:07:24 |don't think that I had it figured out back then because I did. That was the
780 |779 |01:07:24 ~-~-> 01:07:31 |early stages of me just falling in love with being right. That's a problem. But
781 |780 |01:07:31 ~-~-> 01:07:34 |at the time, you think that their strengths, you think that they are the
782 |781 |01:07:34 ~-~-> 01:07:37 |characteristics that make you a warrior, you're gonna go out there, no one's
783 |782 |01:07:37 ~-~-> 01:07:41 |gonna hold you back. I'm going to be that I'm going to be everybody else's
784 |783 |01:07:41 ~-~-> 01:07:48 |results. I'm going to be the person I'm going to be lead dog. And I put myself
785 |784 |01:07:48 ~-~-> 01:07:57 |through so much shit. Losing accounts, blowing accounts, losing wonderful wins.
786 |785 |01:07:57 ~-~-> 01:08:04 |Work for a whole month building up equity. No losing days, none. In in one
787 |786 |01:08:04 ~-~-> 01:08:11 |day. That starts off picture. Perfect. I put the trade on. Bond starts shitting
788 |787 |01:08:11 ~-~-> 01:08:16 |the bed I'm long. Like what the hell is this? Alright, it's just dropping
789 |788 |01:08:16 ~-~-> 01:08:20 |against a little bit. I'm gonna buy more of it up it's dropping a bit more I
790 |789 |01:08:20 ~-~-> 01:08:23 |don't know where to place a stop loss. But I'm right. So let me take the stop
791 |790 |01:08:23 ~-~-> 01:08:30 |loss off. Well unit ended up the account blown. I've wrestled arm wrestled the
792 |791 |01:08:30 ~-~-> 01:08:38 |entire day, from the opening bell bonds, trying to be long on a day that opened
793 |792 |01:08:38 ~-~-> 01:08:45 |at the high and just kept going down. Never had one tick above the opening
794 |793 |01:08:45 ~-~-> 01:08:49 |price. And I was wrestling with that. As a 20 year old when you think your shit
795 |794 |01:08:49 ~-~-> 01:08:54 |doesn't stink. You're the caca walk. You made money all month long, no losing
796 |795 |01:08:54 ~-~-> 01:08:59 |days. The Friday the ends the trading of that month.
797 |796 |01:09:00 ~-~-> 01:09:08 |All that's gone. And the account. That's demoralizing. That's demoralizing. And
798 |797 |01:09:08 ~-~-> 01:09:12 |that people that come up in this industry and they tell you they fucking
799 |798 |01:09:12 ~-~-> 01:09:20 |never blew an account. They're full of fucking shit. They are liars. They are
800 |799 |01:09:20 ~-~-> 01:09:24 |liars. There is no progeny that walks out there in this world. They were
801 |800 |01:09:24 ~-~-> 01:09:28 |touched by the grace of God, and they've never blown an account. That's never
802 |801 |01:09:28 ~-~-> 01:09:33 |happened. It's never happened like that. Everybody. Everybody has done that.
803 |802 |01:09:35 ~-~-> 01:09:38 |Anybody that claims they never have done that. They are liars or they just start
804 |803 |01:09:38 ~-~-> 01:09:44 |and just wait around for this gonna happen. It's human nature, folks. You do
805 |804 |01:09:44 ~-~-> 01:09:46 |this long enough. You're gonna think that you figured it all out. And then
806 |805 |01:09:46 ~-~-> 01:09:51 |when you find out you won't have it right. You want to use the magic eraser
807 |806 |01:09:51 ~-~-> 01:09:55 |and get rid of that red day and you're willing to do anything. You're willing
808 |807 |01:09:55 ~-~-> 01:10:03 |to pay any commission level, right any to try to get back to eat And you'll
809 |808 |01:10:03 ~-~-> 01:10:08 |spend 6500 hours on commissions just so you don't have a losing day. I actually
810 |809 |01:10:08 ~-~-> 01:10:15 |do stuff like that. I used to do this stupid shit, I used to do it. But
811 |810 |01:10:15 ~-~-> 01:10:22 |there's a better way, there's a more efficient, less stress way to do it.
812 |811 |01:10:24 ~-~-> 01:10:29 |It's gonna require effort, it's going to take diligence and organization, and a
813 |812 |01:10:29 ~-~-> 01:10:32 |level of commitment to falling roles that you're usually not used to doing,
814 |813 |01:10:33 ~-~-> 01:10:40 |which makes this business very, very hard. You want to have it easy. Trading
815 |814 |01:10:40 ~-~-> 01:10:46 |will and can be easy. It is it really is easy. If you're waiting for the choices,
816 |815 |01:10:46 ~-~-> 01:10:51 |days to trade, where the market structures, so in favor of running to a
817 |816 |01:10:51 ~-~-> 01:10:56 |specific pool of liquidity, or inefficiency, everything moving in one
818 |817 |01:10:56 ~-~-> 01:11:02 |tandem direction. Everything being symmetrical, everything being so
819 |818 |01:11:03 ~-~-> 01:11:06 |telegraphed that it's going to do this very thing, all you have to do is simply
820 |819 |01:11:06 ~-~-> 01:11:14 |wait for it. Those conditions is what I taught you. The problem is, you're
821 |820 |01:11:14 ~-~-> 01:11:17 |trying to force that, just because you're sitting in front of the charts, I
822 |821 |01:11:17 ~-~-> 01:11:20 |said, he said the silver bowl happens between 10 o'clock and nine o'clock. So
823 |822 |01:11:20 ~-~-> 01:11:28 |I'm sitting down, and it's 1001. So I'm looking at the country. where's the
824 |823 |01:11:28 ~-~-> 01:11:34 |where's the problem there, you're forcing it, you're chomping at the bit.
825 |824 |01:11:34 ~-~-> 01:11:45 |And your desire is forcing you to invite your will on the market. You already see
826 |825 |01:11:45 ~-~-> 01:11:50 |yourself being accomplished in finding the right setup, because you know what's
827 |826 |01:11:50 ~-~-> 01:11:55 |coming. But you might be looking at a two minute chart, it might not really be
828 |827 |01:11:55 ~-~-> 01:11:59 |there, you might be looking at the one minute chart, and it might not be there.
829 |828 |01:11:59 ~-~-> 01:12:05 |it materializes on a 15 second chart. Oh man, see, he's always got an out No, I
830 |829 |01:12:05 ~-~-> 01:12:10 |have lots of ways to get in. It my silver bullet may not be on the one
831 |830 |01:12:10 ~-~-> 01:12:16 |minute chart and may have been on a 32nd chart. I may have missed the exit, or
832 |831 |01:12:16 ~-~-> 01:12:21 |I'm sorry, the entry point on a silver bullet that I really would have been
833 |832 |01:12:22 ~-~-> 01:12:27 |better suited to enter because I was chasing a puppy. Or I walked away to
834 |833 |01:12:27 ~-~-> 01:12:31 |grab a drink or, you know, there's packages left in front of my door, I got
835 |834 |01:12:31 ~-~-> 01:12:34 |to bring them in because my wife saying I'm not home right now. And I just got
836 |835 |01:12:34 ~-~-> 01:12:38 |an alert saying that Amazon dropped off packages, please, please bring them in,
837 |836 |01:12:38 ~-~-> 01:12:45 |like we live in a bad neighborhood. So these are all distractions. And because
838 |837 |01:12:45 ~-~-> 01:12:49 |I'm watching a very small timeframe. That point at which I'm trying to enter
839 |838 |01:12:49 ~-~-> 01:12:54 |May, I may have missed it. Oh, it's big, no big deal. If I miss it on one minute
840 |839 |01:12:54 ~-~-> 01:12:58 |chart, I'll drop down to a 32nd 15 second five second chart. And then I'll
841 |840 |01:12:58 ~-~-> 01:13:01 |use a fair value gap on that I'm not missing the move, folks. I'm not going
842 |841 |01:13:01 ~-~-> 01:13:08 |to miss the majority run of whatever I'm looking for. I may miss that pristine
843 |842 |01:13:08 ~-~-> 01:13:12 |entry point. And see for some of you while you're new, you think because you
844 |843 |01:13:12 ~-~-> 01:13:17 |missed that point of entry. It's done when I tell you if you miss it to simply
845 |844 |01:13:17 ~-~-> 01:13:24 |wait and watch it. That's teaching you patience. You don't have that when you
846 |845 |01:13:24 ~-~-> 01:13:28 |first start you don't have patience because you're trying to chase the lead
847 |846 |01:13:28 ~-~-> 01:13:31 |dog whether it be me somebody else that saying they make him money someone
848 |847 |01:13:31 ~-~-> 01:13:34 |else's to doing something in our live stream someone else is doing signal
849 |848 |01:13:34 ~-~-> 01:13:39 |service someone else is doing whatever you're constantly trying to run when
850 |849 |01:13:39 ~-~-> 01:13:45 |it's better for you in the beginning to learn to sit still. Observe how are you
851 |850 |01:13:45 ~-~-> 01:13:50 |thinking about the marketplace? Do you feel like this insatiable desire that
852 |851 |01:13:50 ~-~-> 01:13:55 |you got to be in there today? Like come hell or high water even if you only get
853 |852 |01:13:55 ~-~-> 01:13:59 |five handles of the 30 handle run if you just get a piece of it, you know, at
854 |853 |01:13:59 ~-~-> 01:14:05 |least you got something you took you took a bite of the beast that you've
855 |854 |01:14:05 ~-~-> 01:14:12 |been hunting that's a hyenas approach you know I don't I don't trade like a
856 |855 |01:14:12 ~-~-> 01:14:18 |hyena are out there cackling and in making crazy noises and shit. Trying to
857 |856 |01:14:18 ~-~-> 01:14:25 |get a snap a bite of something. I'm out there, literally stocking in waiting.
858 |857 |01:14:26 ~-~-> 01:14:31 |And when I see the weak one in the herd, the Judas swing the sea, the retail
859 |858 |01:14:31 ~-~-> 01:14:36 |traders thinking that they got something that's easy money for them. If that's
860 |859 |01:14:36 ~-~-> 01:14:42 |100% diametrically opposed to what I'm anticipating in price. I'm running that
861 |860 |01:14:42 ~-~-> 01:14:47 |fucker down. And I'm going home with a full belly. And I'm not second guessing
862 |861 |01:14:47 ~-~-> 01:14:51 |it. I'm not worried about what other people are doing. What they think's
863 |862 |01:14:51 ~-~-> 01:14:55 |making the market go up or down what the volume profile said what volume node
864 |863 |01:14:55 ~-~-> 01:14:59 |they're looking at what point of control what V whap. What fucking supply and
865 |864 |01:14:59 ~-~-> 01:15:02 |demand zone what else Get wave count is, I don't give a fuck about none of that
866 |865 |01:15:02 ~-~-> 01:15:10 |stuff. I know exactly what I'm looking for. I'm not worried about anything
867 |866 |01:15:10 ~-~-> 01:15:17 |else, I'm dialed in. I knew exactly what I'm hunting, I got my eyes set on it,
868 |867 |01:15:17 ~-~-> 01:15:25 |and I'm gonna run it down. And I'm taking it home. That's not arrogance.
869 |868 |01:15:26 ~-~-> 01:15:32 |That's not narcissism. That's absolutely defined as confidence, because I've been
870 |869 |01:15:32 ~-~-> 01:15:37 |here enough times to know that what I'm doing works, I don't need to change it.
871 |870 |01:15:38 ~-~-> 01:15:42 |I don't need to look at somebody else to help me make it better. I'm not looking
872 |871 |01:15:42 ~-~-> 01:15:48 |at any retail wise, because it's not even in there. I'm attacking that. I am
873 |872 |01:15:48 ~-~-> 01:15:55 |apex predator is attacking the weakest form of trader in this industry at a
874 |873 |01:15:55 ~-~-> 01:16:01 |time when they're making their actions known. This is what I'm going to do Mr.
875 |874 |01:16:01 ~-~-> 01:16:05 |Six months of experience. And that's not a knock against anyone that has little
876 |875 |01:16:05 ~-~-> 01:16:10 |experience. But if someone's going to be so courteous enough to say, Hey, I
877 |876 |01:16:10 ~-~-> 01:16:14 |believe this is what's going to happen. Where do they? Where do they commonly
878 |877 |01:16:14 ~-~-> 01:16:20 |where they where they congregate, and and meet up on live streamers, live
879 |878 |01:16:20 ~-~-> 01:16:27 |streams. That's a beautiful resource. It's a beautiful resource, you should
880 |879 |01:16:27 ~-~-> 01:16:32 |encourage him to do it show up, if that's what I'm doing when I talked
881 |880 |01:16:32 ~-~-> 01:16:35 |about top step. And I talked about Patrick Whelan, when I talk about trades
882 |881 |01:16:35 ~-~-> 01:16:40 |by Matt. And there's a couple other people I want mentioned. They have
883 |882 |01:16:40 ~-~-> 01:16:47 |really, really opinionated chat windows. And when I say things like that, it's
884 |883 |01:16:47 ~-~-> 01:16:52 |very easy for people to have an issue with me, they want to try to paint me in
885 |884 |01:16:52 ~-~-> 01:16:58 |a different light. I'm telling you, that market sentiment is a thing. It's real.
886 |885 |01:16:59 ~-~-> 01:17:03 |Okay. If you've got a top step, they're basically telling you that they're
887 |886 |01:17:03 ~-~-> 01:17:07 |looking at their traders. And how many are net long? How many net short? Are
888 |887 |01:17:07 ~-~-> 01:17:12 |they assholes for making them available? No, I think it's great. It's absolutely
889 |888 |01:17:12 ~-~-> 01:17:17 |great information. It doesn't mean that that's a selling signal or a buy signal.
890 |889 |01:17:18 ~-~-> 01:17:23 |It just, that's a good sentiment read. But the better one is what they're
891 |890 |01:17:23 ~-~-> 01:17:29 |saying in that chat window. Because if I already know that, predominantly, most
892 |891 |01:17:29 ~-~-> 01:17:34 |traders are offside, okay, whether they're trading in the tops that
893 |892 |01:17:35 ~-~-> 01:17:39 |company, but they're trading in other companies, I just can't think of any
894 |893 |01:17:39 ~-~-> 01:17:47 |other company's name. But if this resource is made available to you, it's
895 |894 |01:17:47 ~-~-> 01:17:54 |like a watering hole. Just like on the on the plains of Africa, okay, I'm this
896 |895 |01:17:54 ~-~-> 01:17:59 |fucking cheetah. I'm hungry. I'm trying to get it fucking meal today. So I'm
897 |896 |01:17:59 ~-~-> 01:18:07 |looking out here in the dry landscape in front of me. I want to get something to
898 |897 |01:18:07 ~-~-> 01:18:10 |eat. So where am I gonna go, I'm gonna go through the fucking drive thru.
899 |898 |01:18:10 ~-~-> 01:18:15 |Whereas at the watering hole, so they go out there and they lay down in the
900 |899 |01:18:15 ~-~-> 01:18:22 |brush. And they watch all the animals go out there and get a drink. Eventually,
901 |900 |01:18:22 ~-~-> 01:18:25 |one's going to walk over there with a bum leg.
902 |901 |01:18:26 ~-~-> 01:18:32 |But they have the opinion that they're safely going to make it to the watering
903 |902 |01:18:32 ~-~-> 01:18:35 |hole, get a drink and live on the rest of the day. That's what their sentiment
904 |903 |01:18:35 ~-~-> 01:18:39 |is. And they're making it known to everybody by walking out there publicly.
905 |904 |01:18:39 ~-~-> 01:18:42 |Well as the same mindset as these individuals that share their opinion.
906 |905 |01:18:43 ~-~-> 01:18:49 |They're going to these, these watering holes. To me, that tells you it's a
907 |906 |01:18:49 ~-~-> 01:18:54 |pretty safe bet that they're probably very new to trading. And if they're very
908 |907 |01:18:54 ~-~-> 01:18:59 |chatty, the same names that keep coming up. They're the ones that absolutely
909 |908 |01:19:00 ~-~-> 01:19:04 |don't know what you're talking about, because they can't shut up. They're
910 |909 |01:19:04 ~-~-> 01:19:08 |chatty, the chattiest ones that show their opinion. Start paying attention to
911 |910 |01:19:08 ~-~-> 01:19:14 |those individuals online to not just simply in chat windows, on Twitter, on
912 |911 |01:19:14 ~-~-> 01:19:19 |Instagram, on Facebook, whatever whatever resource if you're in discord,
913 |912 |01:19:19 ~-~-> 01:19:23 |I don't go to any of those types of things. But in for clarity, also, I
914 |913 |01:19:23 ~-~-> 01:19:28 |don't have Facebook, I do not have Instagram. I am not on Discord. You're
915 |914 |01:19:28 ~-~-> 01:19:31 |not going to talk to me on telegram. I don't have any other social media where
916 |915 |01:19:31 ~-~-> 01:19:34 |you're going to be able to engage with me, except for my YouTube channel.
917 |916 |01:19:35 ~-~-> 01:19:39 |That's it. There's nothing else if you see anybody else pretending to be me.
918 |917 |01:19:39 ~-~-> 01:19:44 |They're fucking liars. And if they're asking for money, it ain't me. So by
919 |918 |01:19:44 ~-~-> 01:19:50 |watching these individuals online and when they share their opinion about
920 |919 |01:19:50 ~-~-> 01:19:57 |what's going to happen or if they cosign someone else's opinion. If that is
921 |920 |01:19:57 ~-~-> 01:20:00 |diametrically opposed, that means it's awesome. Sit to what I think is going to
922 |921 |01:20:00 ~-~-> 01:20:04 |happen on the day. If I think it's going to be a bullish day, it's going to run
923 |922 |01:20:04 ~-~-> 01:20:08 |for some, some buyside liquidity above an old high or relatively equal highs,
924 |923 |01:20:08 ~-~-> 01:20:12 |or if I think it's going to reach up to a fair value gap. If that's what I'm
925 |924 |01:20:12 ~-~-> 01:20:17 |holding to as my expectation on the day, I'm going to side with that all the
926 |925 |01:20:17 ~-~-> 01:20:21 |time, I got 30 years of doing this, these individuals are hanging out in the
927 |926 |01:20:21 ~-~-> 01:20:26 |chat windows of these prop firm companies, chances are, they're probably
928 |927 |01:20:26 ~-~-> 01:20:31 |not long term traders, the chances of them being profitable is very slim. And
929 |928 |01:20:31 ~-~-> 01:20:35 |they're in there because they want other people to tell them what they should do,
930 |929 |01:20:35 ~-~-> 01:20:39 |because they don't know what they're doing. But because they want to be part
931 |930 |01:20:39 ~-~-> 01:20:43 |of something, the mindset is this, if I start talking a lot, it's going to feel
932 |931 |01:20:43 ~-~-> 01:20:46 |like I'm part of the crew. But really, what you're doing is you're running out
933 |932 |01:20:46 ~-~-> 01:20:49 |to that one hole with a bum leg and part of your asset missing. That means I'm
934 |933 |01:20:49 ~-~-> 01:20:55 |gonna run you down easy. You're an easy meal for me. Dollar Menu, here you go.
935 |934 |01:20:55 ~-~-> 01:21:02 |real cheap, easy meal. And if you're telling the world on that stage, that
936 |935 |01:21:02 ~-~-> 01:21:05 |this is what you think's going to happen. You're going to make it to the
937 |936 |01:21:05 ~-~-> 01:21:09 |watering hole and get delayed the rest of the day. I'm going to be there at
938 |937 |01:21:09 ~-~-> 01:21:13 |that watering hole eating your ass. Okay, I'm gonna devour you right there.
939 |938 |01:21:13 ~-~-> 01:21:18 |You're done. I'm fed, you're done. It's a mercy killing. That's how I look at
940 |939 |01:21:18 ~-~-> 01:21:22 |it. I don't have a problem with it. I don't wrestle with it morally, it is the
941 |940 |01:21:22 ~-~-> 01:21:26 |way it is. The food chain is what it is. You're either an apex predator, or your
942 |941 |01:21:26 ~-~-> 01:21:33 |assets prey. And I'm not getting eaten by nobody. Nope. I'm going to sharpen my
943 |942 |01:21:33 ~-~-> 01:21:40 |claws every day. I'm going to keep my teeth sharpest, longest. And I want to
944 |943 |01:21:40 ~-~-> 01:21:47 |make sure I eat. So how do you do that? You couple yourself with the weakest
945 |944 |01:21:47 ~-~-> 01:21:51 |form of trader and use them as Counterparty. That's the whole essence
946 |945 |01:21:51 ~-~-> 01:21:56 |of what sentiment is. That's what the benefit of market sentiment is looking
947 |946 |01:21:56 ~-~-> 01:22:03 |for the weakest mindset and the most apt to be wrong to be suggesting a direction
948 |947 |01:22:04 ~-~-> 01:22:10 |that is opposed to what you with more experience, more track record more
949 |948 |01:22:10 ~-~-> 01:22:16 |accuracy is against when that armwrestling match is going on between
950 |949 |01:22:16 ~-~-> 01:22:18 |Smart Money, someone that's been doing it for a very long time. And we think
951 |950 |01:22:18 ~-~-> 01:22:23 |about there's nothing out there in the world that would ever entice me to go
952 |951 |01:22:23 ~-~-> 01:22:27 |out there and grab a golf club and spend a whole afternoon trying to put a ball
953 |952 |01:22:27 ~-~-> 01:22:30 |in a fucking hole. I know I can't do that. I know I can't do it. I'm not
954 |953 |01:22:30 ~-~-> 01:22:34 |going to hang around people that do it. I'm not gonna waste my time doing it.
955 |954 |01:22:34 ~-~-> 01:22:37 |And I sure as hell, I'm not going to watch it on TV. But people do it. They
956 |955 |01:22:37 ~-~-> 01:22:44 |love it. Okay, so if I was go out there and try to golf against like, Tiger
957 |956 |01:22:44 ~-~-> 01:22:49 |Woods, and I would look like an idiot. There's no way I would even do that.
958 |957 |01:22:49 ~-~-> 01:22:53 |Okay, but that's the equivalent. In my mind, when I see someone that is green,
959 |958 |01:22:53 ~-~-> 01:22:56 |they're brand new, they have no idea what you're talking about or doing. And
960 |959 |01:22:56 ~-~-> 01:23:00 |they're not profitable. But they're always chatting it up, what they think
961 |960 |01:23:00 ~-~-> 01:23:05 |the mark is going to do. Just sit back for a week and watch them you'll see the
962 |961 |01:23:05 ~-~-> 01:23:12 |people that do it. And then fade them. When the market is poised based on what
963 |962 |01:23:12 ~-~-> 01:23:21 |I teach. It's near perfect setups. It's near perfect. I use them like a retail
964 |963 |01:23:21 ~-~-> 01:23:27 |Squawk Box. And some of you are sending comments to me and you say I'm a dick.
965 |964 |01:23:28 ~-~-> 01:23:31 |I'm an asshole. I'm a narcissistic prick. Because I'm saying this. I'm
966 |965 |01:23:31 ~-~-> 01:23:39 |giving you an advantage. Like it's a real time advantage. Because people are
967 |966 |01:23:39 ~-~-> 01:23:42 |creatures of habit, if the people that are doing it, and they realize they're
968 |967 |01:23:42 ~-~-> 01:23:45 |listening, and they're thinking, I'm not gonna do that anymore. It doesn't
969 |968 |01:23:45 ~-~-> 01:23:50 |matter. PT Barnum said, there's a sucker born every second and guess what,
970 |969 |01:23:50 ~-~-> 01:23:54 |somebody else is gonna fill that void you're gonna start talking to because
971 |970 |01:23:54 ~-~-> 01:23:58 |they want to feel a part of something. And really what they want is someone to
972 |971 |01:23:58 ~-~-> 01:24:05 |say I agree with you. Think about it. They want someone to say yeah, that's
973 |972 |01:24:05 ~-~-> 01:24:07 |the right idea. And then they feel like they're accomplished. They're not taking
974 |973 |01:24:07 ~-~-> 01:24:10 |any trades. They're not pushing any buttons, not even trading a demo
975 |974 |01:24:10 ~-~-> 01:24:14 |account. But now what did they feel a sense of camaraderie, some sense of
976 |975 |01:24:14 ~-~-> 01:24:18 |community, it gives them a purpose, which is the problem in the world right
977 |976 |01:24:18 ~-~-> 01:24:28 |now. Because there is a lack of sense of self worth. Think about it. A lot of my
978 |977 |01:24:28 ~-~-> 01:24:32 |students that follow me on YouTube, a lot of them have never had a fatherly
979 |978 |01:24:32 ~-~-> 01:24:36 |figure in their life. They've never had anybody believe in them that nobody's
980 |979 |01:24:36 ~-~-> 01:24:40 |ever encouraged them. And I'm dealing those types of things. That's why you
981 |980 |01:24:40 ~-~-> 01:24:44 |feel like there is this report between us. You feel like I'm talking just to
982 |981 |01:24:44 ~-~-> 01:24:51 |you. Because you came with a void that needs to be filled. And because I have a
983 |982 |01:24:51 ~-~-> 01:24:54 |genuine interest in all of you succeeding, I'm not going to pull any
984 |983 |01:24:54 ~-~-> 01:24:58 |punches. I'm not going to sugarcoat it. Because if you were my son or daughter,
985 |984 |01:24:58 ~-~-> 01:25:04 |you would hear just like this You will hear just like this, I want you to know
986 |985 |01:25:04 ~-~-> 01:25:08 |what it's going to be like it's going to be hard. It's going to be taxing, it's
987 |986 |01:25:08 ~-~-> 01:25:13 |going to be an arduous task, it's going to be very, very difficult to go through
988 |987 |01:25:13 ~-~-> 01:25:20 |in the beginning, but it's worth it. Because once you get this skill set I
989 |988 |01:25:20 ~-~-> 01:25:24 |can do is wait around in the morning, in the late evening at the watering hole.
990 |989 |01:25:24 ~-~-> 01:25:30 |That's the kill zones. See, the master of analogies. I'm never going to run
991 |990 |01:25:30 ~-~-> 01:25:35 |Georgia. But this baker never runs out of yeast. But all these pitfalls,
992 |991 |01:25:35 ~-~-> 01:25:38 |they're going to plague you and your development in the beginning. And then
993 |992 |01:25:38 ~-~-> 01:25:44 |the longer you hold on to these types of thinking. In ignoring the benefits of
994 |993 |01:25:44 ~-~-> 01:25:49 |listening, someone that has been doing it longer and better than you like, here
995 |994 |01:25:49 ~-~-> 01:25:55 |we are, it's a Saturday, folks. I'm investing in you and giving you one of
996 |995 |01:25:55 ~-~-> 01:26:00 |my secret weapons. What I'm doing when I listen to these live streamers, and they
997 |996 |01:26:00 ~-~-> 01:26:04 |like to joke I'm here to get codes for resets. asked Michael Pathak if I've
998 |997 |01:26:04 ~-~-> 01:26:08 |ever done anything with trying to get an account with them never will ever happen
999 |998 |01:26:08 ~-~-> 01:26:13 |either. I'm not there to learn how to trade. I'm not there watching Patrick
1000 |999 |01:26:13 ~-~-> 01:26:16 |Whelan, learn how to trade and not watching trades by Matt to learn how to
1001 |1000 |01:26:16 ~-~-> 01:26:22 |trade. I love trades by Matt, his attitude on everything. He's chill shit.
1002 |1001 |01:26:23 ~-~-> 01:26:27 |He's got no drama with him. He's just just hanging out, never to say anything
1003 |1002 |01:26:27 ~-~-> 01:26:33 |bad about anybody else. And he's just does whatever he does win, lose whatever
1004 |1003 |01:26:34 ~-~-> 01:26:38 |it is what it is. He says, How are you gonna hate the guy? You know, I think
1005 |1004 |01:26:38 ~-~-> 01:26:42 |he's, I think he should listen to me too. I mean, the same advice I
1006 |1005 |01:26:42 ~-~-> 01:26:47 |mentioned. In the post, I made the past and I hope he he allows it the post
1007 |1006 |01:26:47 ~-~-> 01:26:52 |because it was encouraging and it wasn't anything to be speaking down to him. And
1008 |1007 |01:26:52 ~-~-> 01:26:56 |I don't want anybody to think that. He's a target. That should be trolled. Even
1009 |1008 |01:26:56 ~-~-> 01:27:00 |though he talks about me a lot. It's sharp talk, folks, I don't take any of
1010 |1009 |01:27:00 ~-~-> 01:27:02 |that kind of stuff. Unless you're talking about my family and make up
1011 |1010 |01:27:02 ~-~-> 01:27:06 |bullshit about me. I got no time for your nasil Okay, fuck you, you make a
1012 |1011 |01:27:06 ~-~-> 01:27:09 |bullshit, try to get some ad revenue, get the book out of here. Join the
1013 |1012 |01:27:09 ~-~-> 01:27:11 |Robins cup in because I'm telling I'm going to beat your fucking ass in it.
1014 |1013 |01:27:11 ~-~-> 01:27:14 |Okay, I'm going to rip your fucking head off and shove it straight your fucking
1015 |1014 |01:27:14 ~-~-> 01:27:20 |ass. But apart from that decade, I don't have any problems anybody else? I have
1016 |1015 |01:27:20 ~-~-> 01:27:24 |no problem. I can take shop talk a good ribbing from other people. It's fun.
1017 |1016 |01:27:24 ~-~-> 01:27:29 |It's fun. But when someone like Patrick comes out and says, Hey,
1018 |1017 |01:27:31 ~-~-> 01:27:36 |this is what I'm struggling with right now. That That right there. That
1019 |1018 |01:27:36 ~-~-> 01:27:42 |Garner's respect. Because he doesn't mean to make that public. He's not, he's
1020 |1019 |01:27:42 ~-~-> 01:27:47 |not obligated to share that level of detail. But yet he did. And I respect
1021 |1020 |01:27:47 ~-~-> 01:27:51 |that. That's the kind of stuff that needs to be shown. That kind of thing
1022 |1021 |01:27:51 ~-~-> 01:27:58 |needs to be revealed and say, hey, look, it's not easy. It's not easy at all. And
1023 |1022 |01:27:59 ~-~-> 01:28:06 |I would never try to punt a person that's doing that. I would never try to
1024 |1023 |01:28:06 ~-~-> 01:28:10 |knock against somebody that's doing that. Because they're not trying to
1025 |1024 |01:28:10 ~-~-> 01:28:15 |deceive you. They're telling, showing, basically, I'm trying my best. And this
1026 |1025 |01:28:15 ~-~-> 01:28:19 |is where I'm at right now. And I'm struggling. Me and that takes a lot of
1027 |1026 |01:28:19 ~-~-> 01:28:25 |courage. It takes a lot of respect for your audience, to say, hey, look, I
1028 |1027 |01:28:25 ~-~-> 01:28:29 |don't want you to look at me and see this, when in reality, I have this
1029 |1028 |01:28:29 ~-~-> 01:28:34 |because if someone is doing the opposite of that, that's a real piece of shit.
1030 |1029 |01:28:35 ~-~-> 01:28:38 |That's a real piece of shit, that tries to hide it, but pretend that they're
1031 |1030 |01:28:38 ~-~-> 01:28:45 |better than they really are. This this type of video, you know, it's the most
1032 |1031 |01:28:45 ~-~-> 01:28:49 |one I think he said, I'm down really bad or something like that. It's his, it's
1033 |1032 |01:28:49 ~-~-> 01:28:52 |his most releases. At the time of this recording. It's Saturday 10 o'clock in
1034 |1033 |01:28:52 ~-~-> 01:28:58 |the morning, Eastern Time. It's a real short video, 12 minutes. You know, like,
1035 |1034 |01:28:58 ~-~-> 01:29:01 |if you're a student of mine, you probably run into two times the speed.
1036 |1035 |01:29:02 ~-~-> 01:29:06 |It'll take you six minutes to get through it. But he covers a lot of
1037 |1036 |01:29:06 ~-~-> 01:29:12 |things that I have preached hard and fast, for a long, long time, are going
1038 |1037 |01:29:12 ~-~-> 01:29:16 |to be the very barriers that you're going to have if you do what he's been
1039 |1038 |01:29:16 ~-~-> 01:29:20 |trying to do. And in short, this is what I have said in his live streams
1040 |1039 |01:29:20 ~-~-> 01:29:25 |communicating to him. And I've made posts directly to him in his comment
1041 |1040 |01:29:25 ~-~-> 01:29:31 |sections on certain videos. And I've tried to encourage him to do things like
1042 |1041 |01:29:31 ~-~-> 01:29:36 |what I'm talking about here today. He has a following. His following would
1043 |1042 |01:29:36 ~-~-> 01:29:42 |grow exponentially if he stayed on track by doing what he did today, or last
1044 |1043 |01:29:42 ~-~-> 01:29:48 |night showing adversities because that allows the audience members to build a
1045 |1044 |01:29:48 ~-~-> 01:29:51 |report saying you know what, I'm not the only one that's struggling right now.
1046 |1045 |01:29:53 ~-~-> 01:29:58 |And because he has a built in audience that like him, I like him from his his
1047 |1046 |01:29:58 ~-~-> 01:30:03 |showmanship. I look at him as So, Randy Macho Man Savage, WWF character, you
1048 |1047 |01:30:03 ~-~-> 01:30:07 |know, I don't take anything that he says is serious. I don't take anything that
1049 |1048 |01:30:07 ~-~-> 01:30:13 |he says about me as a attack on me. It's fun. It's, it's, it's it's sharp talk,
1050 |1049 |01:30:13 ~-~-> 01:30:15 |it's limit, you're talking shit. It's like anything else if you're on a
1051 |1050 |01:30:15 ~-~-> 01:30:18 |football field, you know, the other players gonna talk to you a bit, you
1052 |1051 |01:30:18 ~-~-> 01:30:24 |know, get up to hit you that hard. It's just like that. I don't I don't need any
1053 |1052 |01:30:24 ~-~-> 01:30:28 |of you to defend me against these people. Okay, I have no problems, none
1054 |1053 |01:30:28 ~-~-> 01:30:34 |whatsoever with it. But I want to see this guy do better. And he has enough.
1055 |1054 |01:30:35 ~-~-> 01:30:41 |He has enough because I see an AOL America Online version of me. Okay, the
1056 |1055 |01:30:41 ~-~-> 01:30:45 |way he acts the way he talks and the way he brags and shit, and doesn't really
1057 |1056 |01:30:45 ~-~-> 01:30:49 |have the skill set yet to be like that. That's exactly what I was doing on
1058 |1057 |01:30:49 ~-~-> 01:30:54 |America Online. I talked like I had it, then I have it now. And you see, I have
1059 |1058 |01:30:54 ~-~-> 01:31:00 |it. But that then on America Online, I talked like I had it and I didn't. So I
1060 |1059 |01:31:00 ~-~-> 01:31:06 |see an opportunity for me to say hey, look, ICICI Jr. Because that's his
1061 |1060 |01:31:06 ~-~-> 01:31:11 |attitude. That was exactly how I behaved on America Online. If you listen to me,
1062 |1061 |01:31:11 ~-~-> 01:31:15 |like I'm looking like, I'm literally talking to my 20 year old self in him.
1063 |1062 |01:31:16 ~-~-> 01:31:20 |And a lot of you don't understand it, like, but it's a it's a project for me,
1064 |1063 |01:31:20 ~-~-> 01:31:23 |isn't it, it's like a piece of meat between my teeth and my tongue keeps
1065 |1064 |01:31:23 ~-~-> 01:31:28 |going back to I want to fix him. And he's being stubborn, because he doesn't
1066 |1065 |01:31:28 ~-~-> 01:31:32 |want people saying, you listen to it, and he's you're instructing your mentor.
1067 |1066 |01:31:32 ~-~-> 01:31:37 |You don't need to ever call me a mentor, this listen to good advice, it's all and
1068 |1067 |01:31:37 ~-~-> 01:31:44 |watch how it changes you for the better. Stop trying to trade. Once you get a
1069 |1068 |01:31:44 ~-~-> 01:31:49 |win, stop. Okay, I said this in my post to you that may or may not make it to
1070 |1069 |01:31:49 ~-~-> 01:31:55 |your comment section. Stop trying to trade with the maximum size. Stop trying
1071 |1070 |01:31:55 ~-~-> 01:31:59 |to cater to your students or viewers. Because you still have time in a day, if
1072 |1071 |01:31:59 ~-~-> 01:32:03 |you get out of a trade and you made money you made 2000 3000 4000 5000 or
1073 |1072 |01:32:03 ~-~-> 01:32:07 |whatever you made, stop, turn the trucks off, go get on your boat and enjoy the
1074 |1073 |01:32:07 ~-~-> 01:32:13 |rest of the day. Who in their right fucking mind would say, Dude, that's
1075 |1074 |01:32:13 ~-~-> 01:32:16 |failure, you're gonna have to make a couple $1,000 And then going out and
1076 |1075 |01:32:16 ~-~-> 01:32:19 |living your life and doing what you want to do. And you weren't even out here for
1077 |1076 |01:32:19 ~-~-> 01:32:25 |an hour. See, you're you're trying to cater, you're trying to cater to people
1078 |1077 |01:32:25 ~-~-> 01:32:28 |that are most likely not going to do shit with whatever you're doing. They're
1079 |1078 |01:32:28 ~-~-> 01:32:31 |not going to pay you for your service. They're in, you're listening, and most
1080 |1079 |01:32:31 ~-~-> 01:32:35 |of them are there to listen to you hopefully get it wrong. That that's
1081 |1080 |01:32:35 ~-~-> 01:32:40 |really what's going on. That's what social media is. Social media is really
1082 |1081 |01:32:40 ~-~-> 01:32:44 |a bunch of cannibalizing zombies that just want to see other people fall, so
1083 |1082 |01:32:44 ~-~-> 01:32:49 |they can laugh about it. That's all it is. So why cater to the majority. And
1084 |1083 |01:32:49 ~-~-> 01:32:55 |it's like that, when you can answer the itch that everybody else that likes you.
1085 |1084 |01:32:55 ~-~-> 01:33:00 |Once they want to see you share a positive experience, talk about where
1086 |1085 |01:33:00 ~-~-> 01:33:03 |you think the markets gonna go. And then when you execute on it, and you show
1087 |1086 |01:33:03 ~-~-> 01:33:07 |that I did this with my trade, I made money and now I'm done. I know I have
1088 |1087 |01:33:07 ~-~-> 01:33:12 |the tendency to self destruct if I stay here. I know I have a tendency to do go
1089 |1088 |01:33:12 ~-~-> 01:33:15 |in and do another trade when it's not obligated to you, I'm not obligated to
1090 |1089 |01:33:15 ~-~-> 01:33:18 |show you trades, I'm obligated to show you another winning trade. I'm not
1091 |1090 |01:33:18 ~-~-> 01:33:21 |obligated to do the afternoon session when I made money now. I didn't morning.
1092 |1091 |01:33:22 ~-~-> 01:33:26 |See, that's control of yourself, that's managing yourself, and it's managing
1093 |1092 |01:33:26 ~-~-> 01:33:31 |your audience. But you are allowing your audience to manage you. If I had every
1094 |1093 |01:33:31 ~-~-> 01:33:36 |request that's ever given of me. I would constantly be out here performing tricks
1095 |1094 |01:33:36 ~-~-> 01:33:41 |all the time doing shit all the time. I don't need to do that. I'm in control of
1096 |1095 |01:33:41 ~-~-> 01:33:45 |my audience. I dictate the pace, I dictate every aspect of whatever the
1097 |1096 |01:33:45 ~-~-> 01:33:52 |fuck I'm gonna do. I do that. Which gives me ultimately control of me as the
1098 |1097 |01:33:52 ~-~-> 01:33:58 |trader. Now a 20 year old ICT on America Online. Anybody asked me to do anything.
1099 |1098 |01:33:58 ~-~-> 01:34:04 |I was like a dancing bear in a carnival or circus. Like whatever was asked me I
1100 |1099 |01:34:04 ~-~-> 01:34:11 |was trying to do it. And I was never able to satisfy everyone in which was a
1101 |1100 |01:34:11 ~-~-> 01:34:14 |problem for me because I was trying to satisfy everyone. You are not going to
1102 |1101 |01:34:14 ~-~-> 01:34:18 |satisfy anyone or everyone rather. And if people talk shit about you, who gives
1103 |1102 |01:34:18 ~-~-> 01:34:24 |a shit they captured about you. Look at look at where you are. Look at what
1104 |1103 |01:34:24 ~-~-> 01:34:29 |you've accomplished. You have progress, even though you're saying you have a low
1105 |1104 |01:34:29 ~-~-> 01:34:32 |period right now. And this is the worst your training has been for the year.
1106 |1105 |01:34:33 ~-~-> 01:34:37 |Guess what? You're acknowledging it. You're talking about pumping the brakes.
1107 |1106 |01:34:37 ~-~-> 01:34:43 |That's exactly what you should do. Exactly what you should do. If you would
1108 |1107 |01:34:43 ~-~-> 01:34:46 |have said I'm gonna go out there and I'm gonna push even harder because I'm gonna
1109 |1108 |01:34:46 ~-~-> 01:34:50 |get out of this that would have been the worst fucking thing the thing that's
1110 |1109 |01:34:50 ~-~-> 01:34:54 |what I was afraid you were gonna say, but I was listening to you. I like good.
1111 |1110 |01:34:54 ~-~-> 01:35:00 |That's the right mindset. dial it back. cut short, your frequency of trading and
1112 |1111 |01:35:00 ~-~-> 01:35:05 |and take some time off. It's the holidays, folks. It is the holidays, you
1113 |1112 |01:35:05 ~-~-> 01:35:10 |want to make your holiday suck, try to make money, lose it. And then wake up
1114 |1113 |01:35:10 ~-~-> 01:35:15 |Christmas morning, you might see your children's smile and be bright. On
1115 |1114 |01:35:15 ~-~-> 01:35:18 |opening presents and gifts. It's such a joyful time to be together having meals
1116 |1115 |01:35:18 ~-~-> 01:35:21 |and being with your family. But you remember, you blow your fucking account
1117 |1116 |01:35:21 ~-~-> 01:35:25 |yesterday on Friday and for whatever it's going to, it's going to put a big
1118 |1117 |01:35:25 ~-~-> 01:35:30 |damper on all your holiday spirit. And you'll be faking it in the presence of
1119 |1118 |01:35:30 ~-~-> 01:35:33 |your family members. Because you're tore up because you lost something that can
1120 |1119 |01:35:33 ~-~-> 01:35:38 |easily be fixed. When you restart it again. Whatever amount of money you've
1121 |1120 |01:35:38 ~-~-> 01:35:43 |lost ever, all of that is easily recouped with interest, if you know what
1122 |1121 |01:35:43 ~-~-> 01:35:48 |you're doing. But in your mind, you think that I blew my account, I spent
1123 |1122 |01:35:48 ~-~-> 01:35:51 |this much money on funded account challenges, I blew this much money
1124 |1123 |01:35:51 ~-~-> 01:35:55 |putting it in real accounts. I've done this, I've done that I've done this,
1125 |1124 |01:35:55 ~-~-> 01:36:01 |I've done that. All add it all up. There's no money that you've spent, that
1126 |1125 |01:36:01 ~-~-> 01:36:07 |can't be made in the future. See, you've allowed those things that beat you down
1127 |1126 |01:36:08 ~-~-> 01:36:11 |and make you second guessed that anybody can be profitable, that you can't be
1128 |1127 |01:36:11 ~-~-> 01:36:15 |profitable. And you think that you have failed enough times, it's solidified in
1129 |1128 |01:36:15 ~-~-> 01:36:18 |your mind that you're a failure. So therefore I shouldn't even try. But you
1130 |1129 |01:36:18 ~-~-> 01:36:21 |just want to listen to other people because you can't let go of it. That
1131 |1130 |01:36:21 ~-~-> 01:36:25 |means you're a trader folks. That means you're a trader, it just means you use
1132 |1131 |01:36:25 ~-~-> 01:36:28 |listen to good advice, you didn't practice like you should have, you
1133 |1132 |01:36:28 ~-~-> 01:36:31 |didn't study like you should have you didn't journal. And you didn't give
1134 |1133 |01:36:31 ~-~-> 01:36:35 |yourself a real chance, you rushed into it just like I did. When I first
1135 |1134 |01:36:35 ~-~-> 01:36:39 |started, I've rushed into it. After four fucking weeks of just reading a book, I
1136 |1135 |01:36:39 ~-~-> 01:36:42 |thought I knew how to trade and I went out there and I lost 50% of my money.
1137 |1136 |01:36:43 ~-~-> 01:36:48 |Overnight, the first rate, that's who's talking to you, the same guy that you
1138 |1137 |01:36:48 ~-~-> 01:36:53 |watched, literally light it all up this week, in a condition in the market
1139 |1138 |01:36:53 ~-~-> 01:36:58 |environment that I don't generally trade in. And I'm doing it with a demo.
1140 |1139 |01:36:58 ~-~-> 01:37:04 |Because I'm teaching period. I'm not licensed to give you trade advice, I'm
1141 |1140 |01:37:04 ~-~-> 01:37:06 |not going to open myself up to liability, and I'm gonna give a shit how
1142 |1141 |01:37:06 ~-~-> 01:37:10 |many times people talk about in the comment section. Oh, it's demo. Okay,
1143 |1142 |01:37:10 ~-~-> 01:37:16 |you do it in demo. You're gonna watch me do it in real Robins cup next year? What
1144 |1143 |01:37:16 ~-~-> 01:37:19 |are you gonna say then? stupid thoughts. So
1145 |1144 |01:37:21 ~-~-> 01:37:24 |hopefully, you guys have done some personal inventory with this discussion
1146 |1145 |01:37:24 ~-~-> 01:37:27 |this morning to talk a little bit longer than I was supposed to. But that's
1147 |1146 |01:37:27 ~-~-> 01:37:31 |usually what happens around here and over deliver. But I'm not going to
1148 |1147 |01:37:31 ~-~-> 01:37:35 |charge you anything more, but the pitfalls and plagues that are covered
1149 |1148 |01:37:35 ~-~-> 01:37:40 |here, I really want you to think about them. Because I see a lot of it
1150 |1149 |01:37:40 ~-~-> 01:37:45 |happening on social media, a lot of it happening now on Twitter, they're all
1151 |1150 |01:37:45 ~-~-> 01:37:50 |rushing in to try to fill a void. And there's going to be a whole new supply
1152 |1151 |01:37:50 ~-~-> 01:37:54 |of people, they're going to be wanting to chase whatever lead dog barks
1153 |1152 |01:37:54 ~-~-> 01:37:59 |loudest. And I'm not saying that anybody that doesn't come up, that they
1154 |1153 |01:37:59 ~-~-> 01:38:05 |shouldn't be listened to. I'm just saying, think, think, are you really
1155 |1154 |01:38:05 ~-~-> 01:38:10 |seeing everything? Do you know these people? Do you know that they can trade?
1156 |1155 |01:38:10 ~-~-> 01:38:17 |Do you know that they have something that works do you have? Do you have the
1157 |1156 |01:38:17 ~-~-> 01:38:21 |funds to pay them for what they're going to ask you to pay them for? Because
1158 |1157 |01:38:21 ~-~-> 01:38:28 |really, there's that that is a big thing right now. And the new movement is
1159 |1158 |01:38:29 ~-~-> 01:38:33 |starting funding companies, I am not associated with any funded account
1160 |1159 |01:38:33 ~-~-> 01:38:38 |company, I would never be associated with any funded account company. But
1161 |1160 |01:38:39 ~-~-> 01:38:45 |it's equivalent to running a brokerage firm, that's fake when you have clients
1162 |1161 |01:38:45 ~-~-> 01:38:50 |deposit real money. And when they lose, and they've only been really given a
1163 |1162 |01:38:50 ~-~-> 01:38:54 |demo account, really, that operating under the guise of a demo. When they
1164 |1163 |01:38:54 ~-~-> 01:38:58 |lose money, the person that set up that shell company, they're just taking that
1165 |1164 |01:38:58 ~-~-> 01:39:02 |person's losses. That's how they're affording their land or Ferraris and
1166 |1165 |01:39:02 ~-~-> 01:39:07 |bullshit, because they're not making money trading. But there's a big window
1167 |1166 |01:39:07 ~-~-> 01:39:11 |of opportunity for that type of business. And there's millions available
1168 |1167 |01:39:11 ~-~-> 01:39:17 |to that. I would never ever set foot in that type of thing. I would never be
1169 |1168 |01:39:17 ~-~-> 01:39:22 |associated with any of that. And just look around, and you're gonna see a
1170 |1169 |01:39:22 ~-~-> 01:39:26 |whole lot more of that type of stuff. I'm not saying every person or
1171 |1170 |01:39:27 ~-~-> 01:39:34 |individuals that do it are shady, or that they're not trying to do what's
1172 |1171 |01:39:34 ~-~-> 01:39:39 |right. I'm just saying Just be careful. Because that's the biggest thing right
1173 |1172 |01:39:39 ~-~-> 01:39:43 |now I see the trend shifting to Well, I really don't have to trade because now
1174 |1173 |01:39:43 ~-~-> 01:39:47 |if I start a funded company, the chances of someone being successful and trading
1175 |1174 |01:39:47 ~-~-> 01:39:54 |is is very limited. And while you may get the individual outlier coming out
1176 |1175 |01:39:54 ~-~-> 01:39:58 |once in a while, it does really well to have to be paid out. The majority of
1177 |1176 |01:39:58 ~-~-> 01:40:01 |individuals that come in in their pay Paying for challenges and they're
1178 |1177 |01:40:01 ~-~-> 01:40:05 |failing and failing, that revenue is constantly coming in, that will offset
1179 |1178 |01:40:05 ~-~-> 01:40:12 |the few people that will ever join that company to get paid out. And the flavor
1180 |1179 |01:40:12 ~-~-> 01:40:16 |is also if there's someone extremely, wildly profitable. This was one of my
1181 |1180 |01:40:16 ~-~-> 01:40:23 |concerns, you know? Do I have students that eventually get banned? Because
1182 |1181 |01:40:23 ~-~-> 01:40:28 |they're just beating them up? And I don't know, I haven't had anybody come
1183 |1182 |01:40:28 ~-~-> 01:40:33 |forward and say, Yeah, ICT this is what this. And that's my interest, though,
1184 |1183 |01:40:33 ~-~-> 01:40:36 |like, I'm interested to see, because there's a lot of you that listen to me,
1185 |1184 |01:40:36 ~-~-> 01:40:41 |a lot of you trade with my concepts. And a lot of you do well. Would there ever
1186 |1185 |01:40:41 ~-~-> 01:40:45 |be a situation where there's so many people coming in? Like that was that
1187 |1186 |01:40:45 ~-~-> 01:40:50 |like I said, it's like the question I would ask if I was sitting down with all
1188 |1187 |01:40:50 ~-~-> 01:40:57 |the prop firm owners, say, like, what happens when there's a lot of winners.
1189 |1188 |01:40:58 ~-~-> 01:41:04 |And your model really, is based on the income stream that comes in by way of
1190 |1189 |01:41:04 ~-~-> 01:41:09 |the challengers being paid, paid for in that revenue that comes in, they use
1191 |1190 |01:41:09 ~-~-> 01:41:12 |that as their operating, and I might be wrong, but my understanding is, that's
1192 |1191 |01:41:12 ~-~-> 01:41:19 |what they do. But even if you have a really good, like, say, I went in there,
1193 |1192 |01:41:19 ~-~-> 01:41:23 |and I did a prop firm challenge, and then they gave me a funded account, and
1194 |1193 |01:41:23 ~-~-> 01:41:28 |I ran that fucker up to millions of dollars. That still wouldn't be enough
1195 |1194 |01:41:29 ~-~-> 01:41:35 |to pay out. When one just I mean, that's my opinion, I don't know, I have very
1196 |1195 |01:41:35 ~-~-> 01:41:41 |limited understanding about it. But I see a meal ticket that can be easily
1197 |1196 |01:41:41 ~-~-> 01:41:48 |tapped into, and just sit back and watch over the next six to 12 months, how many
1198 |1197 |01:41:49 ~-~-> 01:41:55 |new prop firms creep up by social media traders. That's all I'm saying, okay?
1199 |1198 |01:41:55 ~-~-> 01:41:59 |Because it's another way of fleecing individuals. Because if you put money in
1200 |1199 |01:41:59 ~-~-> 01:42:03 |into it, okay, and you're pouring money into challenges and challenging
1201 |1200 |01:42:03 ~-~-> 01:42:08 |challenges, like when you have a fake brokerage firm, and they put money into
1202 |1201 |01:42:08 ~-~-> 01:42:14 |it, if you lose, naturally, you thought you lost the money. But in reality, that
1203 |1202 |01:42:14 ~-~-> 01:42:19 |money was never placed in the marketplace. It was just worked with the
1204 |1203 |01:42:19 ~-~-> 01:42:23 |premise of it's like a demo account. If you win, okay, chances of you asking for
1205 |1204 |01:42:23 ~-~-> 01:42:28 |a withdrawal is next nil because everybody wants to run it up big. So
1206 |1205 |01:42:28 ~-~-> 01:42:32 |when you lose, you think, well, I lost it. So that person that runs that fake
1207 |1206 |01:42:32 ~-~-> 01:42:35 |brokerage account, they're just taking that money and depositing in their bank
1208 |1207 |01:42:35 ~-~-> 01:42:40 |account and paying for their Ferraris and paying for their bullshit Rolex.
1209 |1208 |01:42:40 ~-~-> 01:42:46 |Okay, all that's garbage. That's trash. Okay. I would feel like a piece of shit.
1210 |1209 |01:42:46 ~-~-> 01:42:49 |If I ever do anything like that. I would never even think to do things like that.
1211 |1210 |01:42:50 ~-~-> 01:42:53 |But I'm not saying all prop firms are like that. And I'm not saying all
1212 |1211 |01:42:53 ~-~-> 01:42:57 |brokerage firms are like that. But there's, there's a level of shakiness
1213 |1212 |01:42:57 ~-~-> 01:43:00 |that certain individuals on social media, that they they're putting their
1214 |1213 |01:43:00 ~-~-> 01:43:08 |hands in everything. And when they won't come out of there empty for. That's a
1215 |1214 |01:43:08 ~-~-> 01:43:11 |problem. Because if you're not a trade and you're making money, and you're a
1216 |1215 |01:43:11 ~-~-> 01:43:17 |millionaire, okay? You'll be able to do that in another brokerage account. You
1217 |1216 |01:43:17 ~-~-> 01:43:22 |know, I've shown profitability in taking trades with AMP global futures. That's a
1218 |1217 |01:43:22 ~-~-> 01:43:27 |real regulated broker in the United States. I traded with Thinkorswim. I
1219 |1218 |01:43:27 ~-~-> 01:43:29 |literally have it on this YouTube channel, and you can see me log into the
1220 |1219 |01:43:29 ~-~-> 01:43:35 |account. And I doubled the account in like five weeks using one contract. So
1221 |1220 |01:43:36 ~-~-> 01:43:39 |that's not even trying that was me answering a lot of questions from
1222 |1221 |01:43:39 ~-~-> 01:43:42 |students, what would you do if you got drawdown here? And how would you fix
1223 |1222 |01:43:42 ~-~-> 01:43:45 |this? I literally put the account in drawdown and showed me coming out of it
1224 |1223 |01:43:45 ~-~-> 01:43:50 |too. I went into 30% drawdown in one day and came right back out in the same day.
1225 |1224 |01:43:50 ~-~-> 01:43:54 |Like these are all questions that students that paid me where I am
1226 |1225 |01:43:54 ~-~-> 01:43:58 |obligated to answer their questions I'm obligated to answer by makes comments
1227 |1226 |01:43:58 ~-~-> 01:44:02 |questions. And I've heard personally, I can't answer every single question that
1228 |1227 |01:44:02 ~-~-> 01:44:05 |gets made to me. I have so many videos, and there's always new comments being
1229 |1228 |01:44:05 ~-~-> 01:44:10 |left on them. And also people email me that I can't get to because the email
1230 |1229 |01:44:10 ~-~-> 01:44:15 |queue is so long. I can't I can't cater to everybody. And I know sometimes that
1231 |1230 |01:44:15 ~-~-> 01:44:19 |it makes you feel like I'm ignoring you. Or you don't matter enough even some of
1232 |1231 |01:44:19 ~-~-> 01:44:26 |my paid students feel this way. Because there's so many of you now. So it's one
1233 |1232 |01:44:26 ~-~-> 01:44:31 |thing I wish I could do. I wish I could be more accessible I guess the way it
1234 |1233 |01:44:31 ~-~-> 01:44:36 |was the last one baby pets were anybody that would ever ask anything. It was
1235 |1234 |01:44:36 ~-~-> 01:44:39 |right then in there. When we were on baby pips, I would go into the chat room
1236 |1235 |01:44:39 ~-~-> 01:44:43 |and we would shut it down. Basically, the chat window or chat room would start
1237 |1236 |01:44:43 ~-~-> 01:44:46 |working. There's so many people that would come in, because I wanted to
1238 |1237 |01:44:46 ~-~-> 01:44:50 |answer questions. I wanted to have an interaction I want you to I want you to
1239 |1238 |01:44:50 ~-~-> 01:44:55 |learn. But now because the audience size being what it is, it's impractical. For
1240 |1239 |01:44:55 ~-~-> 01:44:59 |any of you to expect me to have a one on one type response into the guy that sent
1241 |1240 |01:44:59 ~-~-> 01:45:05 |me a Please help me be trained by you, I'll pay you 5000 hours. I'm not, I'm
1242 |1241 |01:45:05 ~-~-> 01:45:13 |not looking to get paid. And I'm not doing one on ones. So my time is being
1243 |1242 |01:45:13 ~-~-> 01:45:19 |given to you charitably. Because I want you to do well, there's no, there's no
1244 |1243 |01:45:20 ~-~-> 01:45:25 |currency exchange there. The way you pay me back is, listen, follow the
1245 |1244 |01:45:25 ~-~-> 01:45:30 |instructions, get your success, and then tell me what you do. That's all. That's
1246 |1245 |01:45:30 ~-~-> 01:45:37 |all is it's all I want, okay. And if you use my concepts, you just give me a nod.
1247 |1246 |01:45:38 ~-~-> 01:45:41 |So that when they everybody knows that it's a gift from God. Now, I'm not
1248 |1247 |01:45:41 ~-~-> 01:45:46 |saying I'm god, I'm saying, but it's, that's where it all came from. I want
1249 |1248 |01:45:46 ~-~-> 01:45:52 |him to receive all the glory, not me, I want him. And when I talk to you, like I
1250 |1249 |01:45:52 ~-~-> 01:45:57 |do today, it's in 10, for you to understand that you will feel like
1251 |1250 |01:45:57 ~-~-> 01:46:01 |you're the exception that all these things are happening to you, that's
1252 |1251 |01:46:01 ~-~-> 01:46:05 |holding you back, everybody went through it. And you're going to feel impulsive
1253 |1252 |01:46:05 ~-~-> 01:46:12 |about making decisions to try to do what's unnecessary. If you made $500 a
1254 |1253 |01:46:12 ~-~-> 01:46:20 |day? Is that failure? Because I'm gonna tell you, it's not. If you made $100 a
1255 |1254 |01:46:20 ~-~-> 01:46:25 |day is that failure? It's not. But in your mind, you think it's not success?
1256 |1255 |01:46:26 ~-~-> 01:46:32 |You got to make a lot of money. Now you don't? Who said that? You did. Nobody
1257 |1256 |01:46:32 ~-~-> 01:46:36 |came to you and said, unless you make this much money, you aren't successful.
1258 |1257 |01:46:37 ~-~-> 01:46:42 |And if anybody ever said that, that's a lie. You don't listen to just disconnect
1259 |1258 |01:46:42 ~-~-> 01:46:42 |from them.
1260 |1259 |01:46:44 ~-~-> 01:46:49 |Because impractical, unrealistic for you to walk out there, your very first time
1261 |1260 |01:46:49 ~-~-> 01:46:53 |at bat, thinking that you're going to start taking down these massive halls,
1262 |1261 |01:46:53 ~-~-> 01:46:58 |these big windfall victories, which I have no, I have no respect for those. I
1263 |1262 |01:46:58 ~-~-> 01:47:03 |don't give a shit how much money you withdraw when you're first time. Can you
1264 |1263 |01:47:03 ~-~-> 01:47:06 |do that the following month, and the following month, in the following month,
1265 |1264 |01:47:06 ~-~-> 01:47:09 |in the following month, because chances are it's not going to happen like that.
1266 |1265 |01:47:09 ~-~-> 01:47:15 |So like I said to Patrick, in my comment, I said, whenever you talk about
1267 |1266 |01:47:15 ~-~-> 01:47:20 |your biggest win, you need to take that out and throw it away. Your biggest
1268 |1267 |01:47:20 ~-~-> 01:47:24 |losing trade, take that out also, what are you left with? Because that's your
1269 |1268 |01:47:24 ~-~-> 01:47:28 |real stats, that's your real meat on the bone in the middle. That's what matters
1270 |1269 |01:47:28 ~-~-> 01:47:33 |most. Your best best best trade is always going to be the one that you over
1271 |1270 |01:47:33 ~-~-> 01:47:37 |leveraged, and you were swinging for the fences, and it was a gamble. So you
1272 |1271 |01:47:37 ~-~-> 01:47:41 |can't even attribute that as your skill. That's just that was a lottery win. And
1273 |1272 |01:47:41 ~-~-> 01:47:45 |the losing maximum last day is the same thing you held for that same
1274 |1273 |01:47:45 ~-~-> 01:47:50 |expectation. But when against you, you weren't trading with your model, your
1275 |1274 |01:47:50 ~-~-> 01:47:57 |biggest maximum loss. That's not you trading responsibly. So on both both
1276 |1275 |01:47:57 ~-~-> 01:48:02 |extremes, you need to take those away. Now learn that from Larry Williams. So
1277 |1276 |01:48:02 ~-~-> 01:48:06 |when you're looking at systems and numbers, take your best number out. But
1278 |1277 |01:48:06 ~-~-> 01:48:10 |he didn't say to take the worst. Now he always take the best one. Yeah, I say
1279 |1278 |01:48:10 ~-~-> 01:48:16 |both. Because that's illustrating a lack of you not following your model. And
1280 |1279 |01:48:16 ~-~-> 01:48:21 |what's left is the clearest depiction of you, when you are engaging your model
1281 |1280 |01:48:22 ~-~-> 01:48:27 |within the realm of your ability to stick within it. That's the results in
1282 |1281 |01:48:27 ~-~-> 01:48:32 |the data you have the show it. If that means that your average profitability,
1283 |1282 |01:48:33 ~-~-> 01:48:40 |per trade is less than $1,000, then that's what it is. That's not shameful.
1284 |1283 |01:48:41 ~-~-> 01:48:45 |Because if you're consistently doing that, as your equity grows, you let
1285 |1284 |01:48:45 ~-~-> 01:48:50 |money management do the heavy lifting, when it's appropriate to add to it. And
1286 |1285 |01:48:50 ~-~-> 01:48:55 |like I told Matt trades by Matt, I told Patrick Whelan the same thing. I tell my
1287 |1286 |01:48:55 ~-~-> 01:49:00 |students the same thing. You let your equity dictate how and when you add more
1288 |1287 |01:49:00 ~-~-> 01:49:05 |contracts. When you've watched me run up accounts in Mt four, and watch me run
1289 |1288 |01:49:05 ~-~-> 01:49:10 |them up in trading view and you watch me run them up in the ThinkOrSwim. And you
1290 |1289 |01:49:10 ~-~-> 01:49:19 |watch me run them up in amp. Those principles are what I was employing. Not
1291 |1290 |01:49:19 ~-~-> 01:49:24 |to those parameters. But I was allowing when I made money that afforded me to
1292 |1291 |01:49:24 ~-~-> 01:49:29 |trade with more contracts. When I lost money than I traded with less margin
1293 |1292 |01:49:30 ~-~-> 01:49:34 |less contracts until I made 50% of that loss back then I would bump right back
1294 |1293 |01:49:34 ~-~-> 01:49:37 |up to whatever the leverage was that I made prior to taking the losing trade.
1295 |1294 |01:49:38 ~-~-> 01:49:46 |Now if I'm in a trade intraday and I take a loss it may be less than what I'm
1296 |1295 |01:49:46 ~-~-> 01:49:50 |allowing for for the trades in other words list the same risking 25% I'm not
1297 |1296 |01:49:50 ~-~-> 01:49:53 |saying that you should trade with three and a half percent risk. But let's say
1298 |1297 |01:49:53 ~-~-> 01:49:59 |that's what it was. I get stopped out in the loss equates to 1.7% and 1.9%. Okay,
1299 |1298 |01:50:00 ~-~-> 01:50:03 |I'll put the same amount of leverage back on because I didn't take a full
1300 |1299 |01:50:04 ~-~-> 01:50:08 |three and a half percent loss. So that's my marker that says, Okay, if it gets
1301 |1300 |01:50:08 ~-~-> 01:50:13 |below that, then I have to make a cut in the leverage. So I may take a smaller
1302 |1301 |01:50:13 ~-~-> 01:50:21 |loss that is less than what I would take as a full risk for that day. If I hit
1303 |1302 |01:50:21 ~-~-> 01:50:25 |that threshold, then if I take another trade, it has to be with less margin.
1304 |1303 |01:50:26 ~-~-> 01:50:29 |See someone you don't look like, look at trade like that, you're like, Okay, I
1305 |1304 |01:50:29 ~-~-> 01:50:32 |can still afford to trade 15 contracts. So I'm going to take the next trade with
1306 |1305 |01:50:32 ~-~-> 01:50:37 |15 contracts, you're assuring that you're gonna fail. You're guaranteeing
1307 |1306 |01:50:37 ~-~-> 01:50:40 |it, you're ushering it along, you're inviting it, you're laying it out there
1308 |1307 |01:50:40 ~-~-> 01:50:50 |with a red carpet below my account now. You're not trading with enough movement
1309 |1308 |01:50:50 ~-~-> 01:50:57 |afforded to you by trading with that large leverage. So if you just traded
1310 |1309 |01:50:57 ~-~-> 01:51:06 |with one contract, okay, one, just one contract. I made 100% plus percent in
1311 |1310 |01:51:06 ~-~-> 01:51:13 |five weeks trading with Thinkorswim, doing one contract trading on NASDAQ. Go
1312 |1311 |01:51:13 ~-~-> 01:51:19 |look at it its own air real money. And I set that up as a realistic expectation
1313 |1312 |01:51:19 ~-~-> 01:51:23 |for you. I think that that's realistic for a new student first year, I think
1314 |1313 |01:51:23 ~-~-> 01:51:29 |that's realistic. Not make 100% in one month, but for the sake of if you were
1315 |1314 |01:51:29 ~-~-> 01:51:34 |pick and choose and one trade per week, you take those examples in mind. You can
1316 |1315 |01:51:34 ~-~-> 01:51:39 |make 100% in a year. And some of you're like, well, that's not enough. Where are
1317 |1316 |01:51:39 ~-~-> 01:51:43 |you going to be in 10 years from now? Will you have a million dollars working
1318 |1317 |01:51:43 ~-~-> 01:51:50 |your job, you won't. But if you start with $1,000, and after taxes, you net
1319 |1318 |01:51:50 ~-~-> 01:51:56 |100% return, you got over a million dollars in 10 years. And that's a very,
1320 |1319 |01:51:56 ~-~-> 01:52:02 |very slow paced, snail's crawl approach to fortifying 10 years, you have a
1321 |1320 |01:52:02 ~-~-> 01:52:06 |million dollars. Now a million dollars isn't shit anymore today. But that's
1322 |1321 |01:52:06 ~-~-> 01:52:09 |just an example that I started with. When I was on baby pips, I'm saying,
1323 |1322 |01:52:09 ~-~-> 01:52:14 |Look, you guys look at money differently than I do. I look at how I can take a
1324 |1323 |01:52:14 ~-~-> 01:52:21 |little bit and make a lot over time. Over time. So when you sit down and you
1325 |1324 |01:52:21 ~-~-> 01:52:24 |say to yourself, I'm going to learn how to trade, I'm going to be successful at
1326 |1325 |01:52:24 ~-~-> 01:52:30 |this, okay? You all have a timeline that you're going to be profitable by that's
1327 |1326 |01:52:30 ~-~-> 01:52:36 |a mistake. That's a mistake. You're trying, you're trying to time your
1328 |1327 |01:52:36 ~-~-> 01:52:39 |success, you're trying to time it like it's the graduation when you go to
1329 |1328 |01:52:39 ~-~-> 01:52:43 |college. Well, if I go through the curriculum, and I show up every year, I
1330 |1329 |01:52:43 ~-~-> 01:52:49 |do all your semesters, spring, summer, fall winter, then I would have all my
1331 |1330 |01:52:49 ~-~-> 01:52:53 |credits by this time, and then I'll graduate this year. That's not how
1332 |1331 |01:52:53 ~-~-> 01:52:57 |trading works. I know that's what you want it to be like, but it's not
1333 |1332 |01:52:59 ~-~-> 01:53:06 |something you go in and you subscribe to the idea, it might take you a year and a
1334 |1333 |01:53:06 ~-~-> 01:53:10 |half to get there. And you get into content like I have and listen to the
1335 |1334 |01:53:10 ~-~-> 01:53:14 |good logic like this discussion today. Where it helps you calibrate your
1336 |1335 |01:53:14 ~-~-> 01:53:18 |mindset and filter all the bullshit. Acknowledge the things that you're
1337 |1336 |01:53:18 ~-~-> 01:53:21 |feeling is real, it's you're not the exception. But there's a way of going
1338 |1337 |01:53:21 ~-~-> 01:53:27 |through it properly. And staying on course, don't let short term adversities
1339 |1338 |01:53:27 ~-~-> 01:53:31 |deviate your course of action. And then you make the learning curve longer than
1340 |1339 |01:53:31 ~-~-> 01:53:36 |it needs to be. Because that's what really happens. I made it longer for
1341 |1340 |01:53:36 ~-~-> 01:53:40 |myself, because I was trying to tinker with something that was working. And I
1342 |1341 |01:53:40 ~-~-> 01:53:45 |kept trying to make it better when it was already the best that can be. I
1343 |1342 |01:53:45 ~-~-> 01:53:48 |mean, look at my entries, the strategies I use for entry and trade. Like I'm
1344 |1343 |01:53:48 ~-~-> 01:53:54 |literally buying lows. I'm buying the middle of fair value gaps at the low
1345 |1344 |01:53:54 ~-~-> 01:53:59 |points. How can anybody argue against there was a comment that was left by a
1346 |1345 |01:53:59 ~-~-> 01:54:05 |guy. He said, Come on, man, let's make it believable, like your everyday being
1347 |1346 |01:54:05 ~-~-> 01:54:10 |perfect with this. Thank you. Thank you for the compliment. I mean, apparently
1348 |1347 |01:54:10 ~-~-> 01:54:13 |didn't notice me getting stopped out a few times. But I take that as a
1349 |1348 |01:54:13 ~-~-> 01:54:17 |compliment. But that's not what he meant that when your results are so good,
1350 |1349 |01:54:17 ~-~-> 01:54:21 |other people can't acknowledge it, or believe that they're there. They're even
1351 |1350 |01:54:21 ~-~-> 01:54:26 |real. That's the highest form of compliment. I don't look at that and
1352 |1351 |01:54:26 ~-~-> 01:54:30 |think oh, he thinks I'm a fraud. He might think that I see him seeing my
1353 |1352 |01:54:30 ~-~-> 01:54:36 |results in my executions that are absolutely real. Saying it's too good to
1354 |1353 |01:54:36 ~-~-> 01:54:43 |be true. That is the greatest compliment anybody could give to a trader. If your
1355 |1354 |01:54:43 ~-~-> 01:54:47 |results look too good to be true, then yet you keep proving it. That's
1356 |1355 |01:54:47 ~-~-> 01:54:52 |delicious. But it wasn't like that when I first started it was a fucking train
1357 |1356 |01:54:52 ~-~-> 01:54:56 |wreck in the train just kept backing up and rolling back ever taught me back in
1358 |1357 |01:54:56 ~-~-> 01:55:00 |Rome, Becker taught me and I felt like it was never going to end And I didn't
1359 |1358 |01:55:00 ~-~-> 01:55:04 |have what I'm trying to provide for you as a source of encouragement. Keep
1360 |1359 |01:55:04 ~-~-> 01:55:07 |sticking to it. Okay, just keep sticking to it, you don't need to come back to my
1361 |1360 |01:55:07 ~-~-> 01:55:12 |YouTube channel, you don't need to contribute to the ad revenue fund, okay?
1362 |1361 |01:55:12 ~-~-> 01:55:15 |You don't need to do that. You already have the videos download, you know, you
1363 |1362 |01:55:15 ~-~-> 01:55:22 |do the study him, stick to it, don't fall away. And think that it's not for
1364 |1363 |01:55:22 ~-~-> 01:55:26 |you, because is for you. But you're just trying to do things that are not
1365 |1364 |01:55:27 ~-~-> 01:55:31 |conducive for you to get the results. Because you cannot time your schedule,
1366 |1365 |01:55:31 ~-~-> 01:55:36 |you can't schedule on time your success is going to arrive right on time. It's
1367 |1366 |01:55:36 ~-~-> 01:55:39 |going to make perfect sense why it arrived? When it does. And you're gonna
1368 |1367 |01:55:39 ~-~-> 01:55:43 |see how you, not me, not anyone else, not other things. And other factors
1369 |1368 |01:55:43 ~-~-> 01:55:49 |hindered you, you did. And it'll make perfect sense, what you did that
1370 |1369 |01:55:49 ~-~-> 01:55:54 |prolonged everything. Every single one of my profitable students have the same
1371 |1370 |01:55:54 ~-~-> 01:56:00 |epiphany that happens, they made it harder themselves. Usually, it's the
1372 |1371 |01:56:00 ~-~-> 01:56:05 |conversations like this, that triggers them, and says, You know what, I am
1373 |1372 |01:56:05 ~-~-> 01:56:09 |doing those types of things. Let me try not doing those things, and just listen.
1374 |1373 |01:56:10 ~-~-> 01:56:15 |And all of a sudden, the curtain parts, and they see the show for what it really
1375 |1374 |01:56:15 ~-~-> 01:56:20 |is, they can see where the markets gonna go. And they can see their model is in
1376 |1375 |01:56:20 ~-~-> 01:56:24 |fact there all the time. And then they get to build the confidence going in and
1377 |1376 |01:56:24 ~-~-> 01:56:28 |engaging with it. And when they get the result of being in it and getting out
1378 |1377 |01:56:28 ~-~-> 01:56:32 |what a profitable move. They don't go back in because they didn't feel good
1379 |1378 |01:56:32 ~-~-> 01:56:36 |enough that that wasn't a good enough move. I didn't make enough money I could
1380 |1379 |01:56:36 ~-~-> 01:56:37 |have made more. So what
1381 |1380 |01:56:38 ~-~-> 01:56:41 |you could have made even more money, if you would have bought and sold every
1382 |1381 |01:56:41 ~-~-> 01:56:45 |high and low on an hourly chart from Sunday's opening to Friday's close. How
1383 |1382 |01:56:45 ~-~-> 01:56:49 |much money did you leave on the table, folks, you're always leaving money on
1384 |1383 |01:56:49 ~-~-> 01:56:56 |the table. It's not realistic to think that way. But yet, it's been posted as
1385 |1384 |01:56:56 ~-~-> 01:57:00 |an argument in the comment sections of my videos, other people from people that
1386 |1385 |01:57:00 ~-~-> 01:57:03 |are working at fucking Jiffy Lube on Monday, they're probably working right
1387 |1386 |01:57:03 ~-~-> 01:57:06 |now listen into this hate in my guts, because I've mentioned the fact that
1388 |1387 |01:57:06 ~-~-> 01:57:10 |they're doing grease, monkey jobs, and ain't trading, they can't trade. But
1389 |1388 |01:57:10 ~-~-> 01:57:14 |they're very opinionated, and other people's stuff. You're a clown, you're a
1390 |1389 |01:57:14 ~-~-> 01:57:20 |source of humor for people that know how to do it. But for some of you that are
1391 |1390 |01:57:20 ~-~-> 01:57:31 |very, very impressionable, you let the impressions of other people make a huge
1392 |1391 |01:57:31 ~-~-> 01:57:35 |alteration to the course of action that you're trying to start with, in this
1393 |1392 |01:57:35 ~-~-> 01:57:42 |industry, when 90% of this war in trading is in your head. It's a
1394 |1393 |01:57:42 ~-~-> 01:57:47 |psychological battle. You're battling with yourself. And then once you get in
1395 |1394 |01:57:47 ~-~-> 01:57:52 |the marketplace, then you're your armwrestling market. And that's hard.
1396 |1395 |01:57:53 ~-~-> 01:57:56 |It's real hard. If you don't know what you're doing. And you're brand new, you
1397 |1396 |01:57:56 ~-~-> 01:57:59 |have no experience, you've never been here before. Every little tiny
1398 |1397 |01:57:59 ~-~-> 01:58:03 |fluctuation one tick against your entry feels like the beginning of a run on
1399 |1398 |01:58:03 ~-~-> 01:58:07 |your stock. And that's not what it's like, when you're thinking like I'm
1400 |1399 |01:58:07 ~-~-> 01:58:14 |teaching it. I trust my model. If it goes to my stock, I placed my stop
1401 |1400 |01:58:14 ~-~-> 01:58:18 |incorrectly. And I'm okay with that. I know that likelihood of my next trade is
1402 |1401 |01:58:18 ~-~-> 01:58:24 |going to be just as well as the one I just entered. It's not diminishing, the
1403 |1402 |01:58:24 ~-~-> 01:58:31 |efficacy of my models are not diminishing their constant. Your
1404 |1403 |01:58:31 ~-~-> 01:58:35 |appreciation for those models and approaches are on the upslope. You're at
1405 |1404 |01:58:35 ~-~-> 01:58:40 |the beginning of your journey, and I envy all of you. I envy all of you, I
1406 |1405 |01:58:40 ~-~-> 01:58:45 |miss those moments of astonishment where I would see something and I'm like,
1407 |1406 |01:58:45 ~-~-> 01:58:49 |Okay, this is what should do. And let's see what happens and it delivers
1408 |1407 |01:58:49 ~-~-> 01:58:53 |perfectly to the tick. And you're looking around the room like, am I
1409 |1408 |01:58:53 ~-~-> 01:58:59 |supposed to know this? Like you're expecting the black suits to show up in
1410 |1409 |01:58:59 ~-~-> 01:59:02 |front of your house. Helicopters landing in your backyard, like you're coming
1411 |1410 |01:59:02 ~-~-> 01:59:09 |with us, you know. Those moments of astonishment are amazing, those
1412 |1411 |01:59:09 ~-~-> 01:59:14 |epiphanies, those those moments where the veil is lifted, and you see the
1413 |1412 |01:59:14 ~-~-> 01:59:21 |market as it really is in binary form. Neo finally understands who he is and
1414 |1413 |01:59:21 ~-~-> 01:59:25 |where he's at. He doesn't see the people in front of him throwing punches. It's
1415 |1414 |01:59:25 ~-~-> 01:59:30 |just zeros and ones. And all he has to do is this is what his response is going
1416 |1415 |01:59:30 ~-~-> 01:59:33 |to be and he knows what they're going to do before they do it. That's a macro.
1417 |1416 |01:59:36 ~-~-> 01:59:41 |That's a macro manual intervention. When you see the black cat glitchyness it's
1418 |1417 |01:59:41 ~-~-> 01:59:46 |deja vu. Okay, there's so many similarities, analogies that can be made
1419 |1418 |01:59:46 ~-~-> 01:59:51 |with that movie because we do live in a simulation. Everything that's around us
1420 |1419 |01:59:51 ~-~-> 01:59:56 |is pre pre programmed and in scripted, and I could go a long direction of
1421 |1420 |01:59:56 ~-~-> 01:59:59 |course with this and probably get myself in trouble on YouTube but we're going to
1422 |1421 |02:00:00 ~-~-> 02:00:09 |leave that for another day in another medium. But the idea is, in closing, you
1423 |1422 |02:00:09 ~-~-> 02:00:15 |need to guard your mind, you need to do the very least in the beginning, because
1424 |1423 |02:00:15 ~-~-> 02:00:21 |if you can't get experience or growth or progress measured in any capacity with
1425 |1424 |02:00:21 ~-~-> 02:00:27 |the least amount of exposure to risk, it matters not how much more risky you can
1426 |1425 |02:00:27 ~-~-> 02:00:33 |accumulate. What's differences is, if you have 15 contracts on or if you have
1427 |1426 |02:00:33 ~-~-> 02:00:37 |one micro lot on, if you're wrong about what you're trying to do in the
1428 |1427 |02:00:37 ~-~-> 02:00:43 |marketplace, the market is going to show you do you need the maximum pain, the
1429 |1428 |02:00:43 ~-~-> 02:00:49 |mass, the maximum expense, the maximum discomfort for you to appreciate that
1430 |1429 |02:00:49 ~-~-> 02:00:54 |you're not following the model correctly. Because some of you, you're
1431 |1430 |02:00:54 ~-~-> 02:00:57 |full of shit, when you say I got to learn how to trade with real money.
1432 |1431 |02:00:58 ~-~-> 02:01:01 |That's the only way I can learn how to trade know what you're doing is, you're
1433 |1432 |02:01:01 ~-~-> 02:01:05 |saying that I'm a fucking idiot, please beat me over the head with the stupid
1434 |1433 |02:01:05 ~-~-> 02:01:10 |stick. Because I don't know enough to know that I can do this without any harm
1435 |1434 |02:01:10 ~-~-> 02:01:13 |to myself without any financial risk. Without any kind of hardships, that's
1436 |1435 |02:01:13 ~-~-> 02:01:17 |going to cause me to second guess my inability, because of the fear of being
1437 |1436 |02:01:17 ~-~-> 02:01:22 |wrong associated with money. That's the reality books aren't going to teach you
1438 |1437 |02:01:22 ~-~-> 02:01:29 |that way. Mentors aren't going to teach you that way. It's sugar free, as it
1439 |1438 |02:01:29 ~-~-> 02:01:36 |should be. You want it to taste sweet, like honey. And sugar is a disease
1440 |1439 |02:01:36 ~-~-> 02:01:40 |caused her, the more you can cut sugar out of your diet, the best you're gonna
1441 |1440 |02:01:40 ~-~-> 02:01:44 |have in terms of health. The same way with trading, you want meat and
1442 |1441 |02:01:44 ~-~-> 02:01:50 |potatoes, baby meat and fucking potatoes. That's it. Because whatever
1443 |1442 |02:01:50 ~-~-> 02:01:56 |you can do with the least, if you have a measurable outcome, that is more times
1444 |1443 |02:01:56 ~-~-> 02:02:01 |than not delivered to you, based on a model that you're working with. When you
1445 |1444 |02:02:01 ~-~-> 02:02:04 |do that same procedure over and over again, just like a cookie cutter, you
1446 |1445 |02:02:04 ~-~-> 02:02:08 |take it and you precedent, the dough. Are you expecting a star shaped cookie
1447 |1446 |02:02:08 ~-~-> 02:02:15 |dough cutter to give you a shape of a circle? Or a square? No, it's designed
1448 |1447 |02:02:15 ~-~-> 02:02:19 |to do one thing. You press it into the dough, you lift it up there you have a
1449 |1448 |02:02:19 ~-~-> 02:02:23 |piece of dough that's cut out in the form of a star. Wonderful. Are you
1450 |1449 |02:02:23 ~-~-> 02:02:28 |trying to do something else outside of that? No, your job is to find another
1451 |1450 |02:02:28 ~-~-> 02:02:32 |place where you can find the dough, which is a trade setup. And you're gonna
1452 |1451 |02:02:32 ~-~-> 02:02:37 |press your cookie cutter, which is your mold, or your model rather, pressing
1453 |1452 |02:02:37 ~-~-> 02:02:41 |into that dough and pull it out. And you take home that star shaped or whatever
1454 |1453 |02:02:41 ~-~-> 02:02:44 |the shape of that cookie cutter is whatever your model is, if it's the
1455 |1454 |02:02:44 ~-~-> 02:02:49 |optimal trade entry, if it's the silver bullet, if it's you anything else.
1456 |1455 |02:02:52 ~-~-> 02:02:57 |That's all you're there to do. And Domaining does anything more than that
1457 |1456 |02:02:58 ~-~-> 02:03:03 |is foolishness. The results that you get from the least amount of leverage from
1458 |1457 |02:03:03 ~-~-> 02:03:09 |that is irrelevant in the beginning, because you have to get to the point
1459 |1458 |02:03:09 ~-~-> 02:03:12 |where you can replicate that over and over and over again more times than not
1460 |1459 |02:03:12 ~-~-> 02:03:17 |over the course of a month over the course of a week. And taking that sample
1461 |1460 |02:03:17 ~-~-> 02:03:22 |set and saying, Okay, I have done this for a week. And this is the main
1462 |1461 |02:03:22 ~-~-> 02:03:26 |transactions I've taken. This is how many that were profitable. This is how
1463 |1462 |02:03:26 ~-~-> 02:03:30 |many times that were not profitable. This is how much I was able to yield as
1464 |1463 |02:03:30 ~-~-> 02:03:37 |a net return. Over time, it'll become easier to do it. That's the goal. And
1465 |1464 |02:03:37 ~-~-> 02:03:43 |you want it to be boring, you know, you know, on Wednesday morning, of next
1466 |1465 |02:03:43 ~-~-> 02:03:48 |week, you're gonna go out there and you're gonna find 10 handles in s&p, you
1467 |1466 |02:03:48 ~-~-> 02:03:52 |know, you're gonna find 30 handles in the NASDAQ. I know that I absolutely
1468 |1467 |02:03:52 ~-~-> 02:03:55 |fucking know, I'm going to do that. I know, I'm gonna be able to do that I can
1469 |1468 |02:03:55 ~-~-> 02:04:00 |do that. I know, tonight when I lay my head down, that my thought is not gonna
1470 |1469 |02:04:00 ~-~-> 02:04:04 |be swirling around. Am I gonna be able to trade next week? Am I gonna be able
1471 |1470 |02:04:04 ~-~-> 02:04:09 |to pull anything off? Am I gonna be able to find a setup? It's a given. It's
1472 |1471 |02:04:09 ~-~-> 02:04:14 |absolutely given. I'm not worried about that. That is confidence that you can
1473 |1472 |02:04:14 ~-~-> 02:04:21 |not appreciate until you have it. And most traders don't have it. Even if they
1474 |1473 |02:04:21 ~-~-> 02:04:26 |are profitable. There. They still say that the markets random. It is random.
1475 |1474 |02:04:26 ~-~-> 02:04:29 |If you're believing the bullshit, you're trying to trade off of all these things
1476 |1475 |02:04:29 ~-~-> 02:04:34 |that you're subscribing to us. irreligion Elliott, wave Wycoff it's
1477 |1476 |02:04:34 ~-~-> 02:04:40 |this it's jumping the creek. It's this, this wave count. Man, if I had a trade
1478 |1477 |02:04:40 ~-~-> 02:04:46 |like that, I would not be able to sleep at night. But too many variables, too
1479 |1478 |02:04:46 ~-~-> 02:04:50 |many variables where I'm trading on constants. I know where the liquidity
1480 |1479 |02:04:50 ~-~-> 02:04:54 |is. I know where the inefficiencies are. I know what the economic downturn is
1481 |1480 |02:04:54 ~-~-> 02:04:59 |going to produce a injection of volatility at a specific date and time
1482 |1481 |02:05:02 ~-~-> 02:05:07 |I'm not I'm not clueless. I'm not confused. I know exactly when I'm going
1483 |1482 |02:05:07 ~-~-> 02:05:11 |to step my SN there and tap dance all over this shit. And moonwalk my ass out
1484 |1483 |02:05:11 ~-~-> 02:05:16 |the door with a bounty. I'm going to do that anytime I fucking want. And when
1485 |1484 |02:05:16 ~-~-> 02:05:21 |you learn how to do it, you'll do the same thing. It's confidence that you
1486 |1485 |02:05:21 ~-~-> 02:05:29 |cannot appreciate until you have it in the hands of weaker men. And ladies, you
1487 |1486 |02:05:29 ~-~-> 02:05:33 |will be a prick like I was on America Line when I finally got it. I was an
1488 |1487 |02:05:33 ~-~-> 02:05:37 |asshole. You think I'm an asshole. Now? No, I was bragging. I was really
1489 |1488 |02:05:37 ~-~-> 02:05:42 |bragging all the time. I'm just spitting facts right now. And I'm bringing
1490 |1489 |02:05:42 ~-~-> 02:05:47 |receipts every single day. But you don't want to accept it. Because you can't do
1491 |1490 |02:05:47 ~-~-> 02:05:49 |it yet. And you think it shouldn't happen to you because you watch a few
1492 |1491 |02:05:49 ~-~-> 02:05:55 |videos, or you scribble some bullshit on an on a notepad or a napkin at work. And
1493 |1492 |02:05:55 ~-~-> 02:05:58 |you think that you've been journaling? That's not That's not a real attempt at
1494 |1493 |02:05:58 ~-~-> 02:06:02 |doing it. You're half assing it if you're half assing it, don't be
1495 |1494 |02:06:02 ~-~-> 02:06:06 |surprised when you get half assed results. When you make it your business,
1496 |1495 |02:06:07 ~-~-> 02:06:11 |that this is your career, you're learning how to operate in run a
1497 |1496 |02:06:11 ~-~-> 02:06:18 |business. What is it you incorporated, you incorporated? Because trading opens
1498 |1497 |02:06:18 ~-~-> 02:06:23 |up so many more opportunities than just getting funded, getting paid out getting
1499 |1498 |02:06:23 ~-~-> 02:06:27 |in an account with real money in it and then taking withdrawals from it. If
1500 |1499 |02:06:27 ~-~-> 02:06:35 |that's all you see in trading, wow, what a myopic view, you have so many ways to
1501 |1500 |02:06:35 ~-~-> 02:06:37 |turn this into a enterprise.
1502 |1501 |02:06:39 ~-~-> 02:06:47 |Like I can look at, look at the level I am right now. Okay? No advertising, all
1503 |1502 |02:06:47 ~-~-> 02:06:53 |word of mouth. And I'm not even selling anything anymore. Any one of you right
1504 |1503 |02:06:53 ~-~-> 02:06:58 |now would love to be where I'm at. And you would be pushing it, maximizing it
1505 |1504 |02:06:58 ~-~-> 02:07:02 |squeezing every drop out of them the level of potential it's only right now.
1506 |1505 |02:07:05 ~-~-> 02:07:14 |Imagine if you had that with real skill. All I'm trying to do is inspire you to
1507 |1506 |02:07:14 ~-~-> 02:07:22 |do that. Just do that and apply it to everything you do in life. You'll never
1508 |1507 |02:07:22 ~-~-> 02:07:27 |run out of money, you'll never feel any kind of anxiety, you'll never have
1509 |1508 |02:07:27 ~-~-> 02:07:32 |second doubts about what you're going to be able to accomplish. You won't see any
1510 |1509 |02:07:32 ~-~-> 02:07:37 |ceiling at all, no ceiling. Anytime I want to walk out in any given time and
1511 |1510 |02:07:37 ~-~-> 02:07:40 |start making millions of dollars, I can do it. And I don't need to be trading
1512 |1511 |02:07:40 ~-~-> 02:07:44 |the market to do it there. I can make millions in the trading market. I can
1513 |1512 |02:07:44 ~-~-> 02:07:48 |make money and millions of dollars marketing myself as an educator, I can
1514 |1513 |02:07:48 ~-~-> 02:07:52 |go out and write books. I can go out and make courses, I can do signal services.
1515 |1514 |02:07:52 ~-~-> 02:07:57 |I can go around do teaching circuits. I can be hired on by companies that are
1516 |1515 |02:07:57 ~-~-> 02:08:06 |asking me every fucking week, please train our analysts know who's in a seat
1517 |1516 |02:08:06 ~-~-> 02:08:11 |of control. Here I am. When you're comfortable with what you have, you
1518 |1517 |02:08:11 ~-~-> 02:08:16 |don't need any more. That's a feeling none of you can understand. I don't ever
1519 |1518 |02:08:16 ~-~-> 02:08:19 |need to trade I don't ever need to make any more money, doing anything. I'm
1520 |1519 |02:08:19 ~-~-> 02:08:27 |completely comfortable. My family is set. That's what you want to be able to
1521 |1520 |02:08:27 ~-~-> 02:08:32 |do for your family. You want to be able to lock it down, set it up where it's
1522 |1521 |02:08:32 ~-~-> 02:08:39 |residual wealth, legacy wealth, but I hold my children to a higher degree of
1523 |1522 |02:08:39 ~-~-> 02:08:44 |responsibility. While they can easily just have money thrown in their hands,
1524 |1523 |02:08:44 ~-~-> 02:08:47 |and I've done this and they've recklessly spent it, they've done stupid
1525 |1524 |02:08:47 ~-~-> 02:08:51 |shit with it, put it in fucking cryptocurrency and whatnot, and lost it
1526 |1525 |02:08:51 ~-~-> 02:08:56 |with TDs brokers their wallet. Something didn't happen. They can't get their
1527 |1526 |02:08:56 ~-~-> 02:09:03 |money. Some other crypto went to zero, zilch, zero. Hey, you should happens.
1528 |1527 |02:09:05 ~-~-> 02:09:09 |But I make them work. I want them to know what it feels like. Because if I
1529 |1528 |02:09:09 ~-~-> 02:09:13 |just give them money, and they've never tasted what it's like for everyone else
1530 |1529 |02:09:13 ~-~-> 02:09:21 |to like it was for me. I had to work and part time jobs on top of it. When I was
1531 |1530 |02:09:21 ~-~-> 02:09:25 |replenishing the money on blue in those accounts, I had to work a secondary job
1532 |1531 |02:09:25 ~-~-> 02:09:29 |to get it. It took a lot to be to get that money back in there just to do it
1533 |1532 |02:09:29 ~-~-> 02:09:34 |again. But I didn't lose hope. I was cussing and ranting and raving the whole
1534 |1533 |02:09:34 ~-~-> 02:09:39 |time I had to do it. Wanting to quit the extra job. I was working. But I knew
1535 |1534 |02:09:39 ~-~-> 02:09:44 |unless I did this, nothing's going to change. Nothing is going to change
1536 |1535 |02:09:44 ~-~-> 02:09:49 |unless you put your feet to the ground and say I'm digging my heels in. I know
1537 |1536 |02:09:49 ~-~-> 02:09:53 |it's going to be hard. I know I'm gonna have pushback. I know it's going to be
1538 |1537 |02:09:53 ~-~-> 02:09:56 |requiring me to put time into it when all my friends are out there running
1539 |1538 |02:09:56 ~-~-> 02:10:00 |around and clubbing and doing this and chasing tail and doing this and doing
1540 |1539 |02:10:00 ~-~-> 02:10:03 |that and drinking, having fun on the weekends knows I'm going to be in these
1541 |1540 |02:10:03 ~-~-> 02:10:07 |charts studying, I'm going to be living my life differently. But they're still
1542 |1541 |02:10:07 ~-~-> 02:10:12 |gonna be out there trying to chase tail broke his fuck driving a beater fucking
1543 |1542 |02:10:12 ~-~-> 02:10:17 |car ain't doing shit in their life. And you'll be able to pull down annual
1544 |1543 |02:10:17 ~-~-> 02:10:23 |fucking salaries on a week. You can't even imagine where you're going to be,
1545 |1544 |02:10:24 ~-~-> 02:10:29 |you can't even imagine. Whatever you think whatever you think is your level
1546 |1545 |02:10:29 ~-~-> 02:10:36 |of success. It's not big enough. It's not big enough, you have no idea. When
1547 |1546 |02:10:36 ~-~-> 02:10:40 |you strip all these limitations that you put on yourself, you shackle yourself
1548 |1547 |02:10:40 ~-~-> 02:10:45 |with your own mindset, you do it. This is all I can see myself doing right now.
1549 |1548 |02:10:47 ~-~-> 02:10:50 |When you start making $100,000 a year, you start thinking stuff Oh, shit, that
1550 |1549 |02:10:50 ~-~-> 02:10:53 |wasn't all that hard. I thought it was really hard. Well, now I'm going to aim
1551 |1550 |02:10:53 ~-~-> 02:10:57 |for 500,000 hours. And the attempts that you do to do that you get there in less
1552 |1551 |02:10:57 ~-~-> 02:11:02 |than half time. These are thinking Well, shit, they say the first million dollars
1553 |1552 |02:11:02 ~-~-> 02:11:05 |is the hardest one I'm about they're putting in a couple of months, and then
1554 |1553 |02:11:05 ~-~-> 02:11:08 |you're there, then you look back and say, a million dollars isn't all that
1555 |1554 |02:11:08 ~-~-> 02:11:11 |much money. And yeah, it took some effort, but it didn't take as much as I
1556 |1555 |02:11:11 ~-~-> 02:11:17 |thought it was going to take. And you start making 5 million 10 million 15
1557 |1556 |02:11:17 ~-~-> 02:11:21 |million 50 million, and I'm talking to numbers now you can fucking comprehend.
1558 |1557 |02:11:21 ~-~-> 02:11:26 |But it is what it is, folks. It's just math, it's just math, you're compounding
1559 |1558 |02:11:26 ~-~-> 02:11:31 |the efforts of what you're able to do on the smallest form. In that little cookie
1560 |1559 |02:11:31 ~-~-> 02:11:36 |cutter mold that I'm going to find five handles and SAP to begin with. And I'm
1561 |1560 |02:11:36 ~-~-> 02:11:41 |gonna let it grow to I can start doing eat and intend or start with 20 in
1562 |1561 |02:11:41 ~-~-> 02:11:45 |NASDAQ and work towards 30 and 40 to 50, you only got to do them a few times a
1563 |1562 |02:11:45 ~-~-> 02:11:50 |week, folks. And as your equity increases, you can afford to do more
1564 |1563 |02:11:50 ~-~-> 02:11:55 |contracts, that compounds and you keep adding it more and more and more. But
1565 |1564 |02:11:55 ~-~-> 02:11:59 |the level of risk is always the same. Whatever you associate in terms of your
1566 |1565 |02:11:59 ~-~-> 02:12:03 |risk, I'm not going to risk more than 1%. But I can't get rich trading with 1%
1567 |1566 |02:12:03 ~-~-> 02:12:09 |Bullshit, you can get rich trade with one quarter of 1% You have to submit the
1568 |1567 |02:12:09 ~-~-> 02:12:14 |time. None of you want to do that part. But that's the part you have to submit
1569 |1568 |02:12:14 ~-~-> 02:12:19 |to. That's the first thing I submitted to when I first started trading. I had a
1570 |1569 |02:12:19 ~-~-> 02:12:25 |20 year plan. Imagine me reading a book, how to be successful and retire 20 years
1571 |1570 |02:12:25 ~-~-> 02:12:30 |as a trader, nobody's buying that book. Now in the 80s and 90s. That would have
1572 |1571 |02:12:30 ~-~-> 02:12:34 |been a great title because everything was around what? For younger folks, you
1573 |1572 |02:12:34 ~-~-> 02:12:38 |ain't gonna know this. But it was all mutual fund. It was when mutual funds
1574 |1573 |02:12:38 ~-~-> 02:12:42 |and infidel infidelity, fidelity. Everybody was trying to get people to
1575 |1574 |02:12:42 ~-~-> 02:12:46 |invest in these mutual funds. And they were projecting this is what you should
1576 |1575 |02:12:46 ~-~-> 02:12:51 |do. Average is 12% Return on stocks over the course of the years, you put this
1577 |1576 |02:12:51 ~-~-> 02:12:54 |much money in your money can compound you'll have a million dollars by the
1578 |1577 |02:12:54 ~-~-> 02:12:59 |time you're whatever. So I was like, Well, shit. If I can make 12% in a
1579 |1578 |02:12:59 ~-~-> 02:13:07 |mutual fund a year? What happens if I start making 12% a month? And then what
1580 |1579 |02:13:07 ~-~-> 02:13:13 |happens when I start making 12% every two weeks. And then what happens if I
1581 |1580 |02:13:13 ~-~-> 02:13:18 |make 12% a week? And what happens if I can compound my efforts and find trades
1582 |1581 |02:13:18 ~-~-> 02:13:25 |that yield 12% in the same day, suddenly, all these big numbers that
1583 |1582 |02:13:25 ~-~-> 02:13:30 |were fearful for me, as even contemplating as realistic ever to reach
1584 |1583 |02:13:30 ~-~-> 02:13:37 |for they became reachable. Because I'm not increasing the level of effort. In
1585 |1584 |02:13:37 ~-~-> 02:13:43 |my trades, all I need is the setup. And as the equity increases in the baseline,
1586 |1585 |02:13:44 ~-~-> 02:13:47 |it was whatever it is at the time, it's 100,000 or 50,000 100,000 million dollar
1587 |1586 |02:13:47 ~-~-> 02:13:53 |account, whatever that is, the risk percentage is never increasing. So
1588 |1587 |02:13:53 ~-~-> 02:13:56 |whatever you've adopted as your model is, this is what I'm going to risk. It's
1589 |1588 |02:13:56 ~-~-> 02:14:00 |going to be 1% or less. It's going to be a half percent, it's gonna be one
1590 |1589 |02:14:00 ~-~-> 02:14:05 |quarter percent. You're trying to tell me you're not satisfied. Risking one
1591 |1590 |02:14:05 ~-~-> 02:14:08 |quarter of 1% of a million dollars if you have that in your trading, okay?
1592 |1591 |02:14:08 ~-~-> 02:14:15 |It's real money, not fungible shit, it's real money. And you're able to take down
1593 |1592 |02:14:16 ~-~-> 02:14:24 |a setup that yields five to eight to 10 times what you're risking. Really, you
1594 |1593 |02:14:24 ~-~-> 02:14:33 |don't you don't think that that's a good living 50 Fucking grand a week. You
1595 |1594 |02:14:33 ~-~-> 02:14:38 |can't get rich. Your fucking grade that's rich. You don't know what the
1596 |1595 |02:14:38 ~-~-> 02:14:43 |fuck you're talking about. You fail math. But you have to give yourself
1597 |1596 |02:14:43 ~-~-> 02:14:52 |time. You got to let it build up. And as you grow, and you put more things in
1598 |1597 |02:14:52 ~-~-> 02:14:56 |operation where you're running a business, and you start milking social
1599 |1598 |02:14:56 ~-~-> 02:15:00 |media, and then if you put your presence online where you can amortize that as
1600 |1599 |02:15:00 ~-~-> 02:15:05 |well. Then you get back the best tax treatment there is. You can drive all
1601 |1600 |02:15:05 ~-~-> 02:15:10 |these big fancy cars and lease them and laugh at people and say, oh your lease
1602 |1601 |02:15:10 ~-~-> 02:15:13 |Yeah, I'm getting paid to drive it fucker. Enjoy ride around your beater as
1603 |1602 |02:15:13 ~-~-> 02:15:17 |fuckin pickup truck that's 15 years old does the shit with McDonald's french
1604 |1603 |02:15:17 ~-~-> 02:15:20 |fries at that bucket decomposed yet, sitting back here talking about some
1605 |1604 |02:15:20 ~-~-> 02:15:24 |hola you know you go around and leased car bitch get out of here and my car is
1606 |1605 |02:15:24 ~-~-> 02:15:28 |cost more than your fucking house. Get the fuck out of here what your bullshit.
1607 |1606 |02:15:28 ~-~-> 02:15:32 |These people will try to tear you down all the time. And the more success you
1608 |1607 |02:15:32 ~-~-> 02:15:35 |have, the more success that you share. They're more of I'm going to come at
1609 |1608 |02:15:35 ~-~-> 02:15:38 |you. Are you gonna live your life worrying about what they're gonna say
1610 |1609 |02:15:38 ~-~-> 02:15:42 |about you fuck these people. They are losers the fact that they're spending
1611 |1610 |02:15:42 ~-~-> 02:15:45 |their time talking about you. They're fucking showing you they're losers.
1612 |1611 |02:15:45 ~-~-> 02:15:50 |Nobody that has success spends any time talking about somebody else? Nobody
1613 |1612 |02:15:50 ~-~-> 02:15:55 |does. Nobody has time talking about that shit. You keep your business minded by
1614 |1613 |02:15:55 ~-~-> 02:16:00 |you, you mind your own business, nobody else is going to mind it. You do it. And
1615 |1614 |02:16:00 ~-~-> 02:16:04 |you stay at everybody else's business. You keep your head in the charts. You
1616 |1615 |02:16:04 ~-~-> 02:16:10 |keep building, understanding yourself, where you make mistakes. Where do you
1617 |1616 |02:16:10 ~-~-> 02:16:16 |fear? What do you get anxious about? What do you get too? overzealous about
1618 |1617 |02:16:16 ~-~-> 02:16:23 |prematurely or overconfident? Because there's a real thing like that. Identify
1619 |1618 |02:16:23 ~-~-> 02:16:28 |those things. They're going to help you prune that tree that money treat it,
1620 |1619 |02:16:28 ~-~-> 02:16:35 |you're growing into a money tree. I'm a money making Dynamo. I can walk out
1621 |1620 |02:16:35 ~-~-> 02:16:38 |these fucking doors, I can lose everything.
1622 |1621 |02:16:39 ~-~-> 02:16:46 |I can literally lose every fucking thing. And I could start with zero money
1623 |1622 |02:16:46 ~-~-> 02:16:53 |in my fucking pocket. And in 12 months be a multimillionaire again. Do you feel
1624 |1623 |02:16:53 ~-~-> 02:16:57 |that confident about yourself? Because everything I talked about in this
1625 |1624 |02:16:57 ~-~-> 02:17:05 |presentation today, it all leans on having one skill set. I can be great, I
1626 |1625 |02:17:05 ~-~-> 02:17:12 |can be broke as fuck. I can sit down with people say look. Let's come
1627 |1626 |02:17:12 ~-~-> 02:17:17 |together. I'm going to prove to you that I can do this. Okay. I'm going to prove
1628 |1627 |02:17:17 ~-~-> 02:17:25 |to you that this can be made with real money. I don't have the money to give to
1629 |1628 |02:17:25 ~-~-> 02:17:29 |you right now to contribute but I have the skill set. Okay, I'm gonna pull back
1630 |1629 |02:17:29 ~-~-> 02:17:33 |the veil and tell you what I was doing my younger years. When I got a married
1631 |1630 |02:17:33 ~-~-> 02:17:39 |woman pregnant. I had to do this very thing. I had to be under the radar. I
1632 |1631 |02:17:39 ~-~-> 02:17:46 |had friends that knew friends or family that had money. That's how it worked. So
1633 |1632 |02:17:46 ~-~-> 02:17:49 |because I couldn't sit down and put money in a brokerage firm because this
1634 |1633 |02:17:49 ~-~-> 02:17:56 |one was trying to get in my back pocket all the time. So I worked menial jobs. I
1635 |1634 |02:17:56 ~-~-> 02:18:00 |did those things that keep a gold digger from my bucket my back pocket. I did
1636 |1635 |02:18:00 ~-~-> 02:18:06 |that. I promised her when we went to court I said you won't see a fucking
1637 |1636 |02:18:06 ~-~-> 02:18:09 |Penny and I had joint custody. So for the people saying it was a deadbeat that
1638 |1637 |02:18:09 ~-~-> 02:18:16 |I had him every day of the week except for one night Thursday. When you
1639 |1638 |02:18:16 ~-~-> 02:18:20 |broadcast you have lots of money, you invite that kind of shit. And so many
1640 |1639 |02:18:20 ~-~-> 02:18:24 |young men literally are asking for the biggest fucking shock of your life
1641 |1640 |02:18:32 ~-~-> 02:18:37 |my cousin owns a business he does real well. He wants to talk to you. Okay.
1642 |1641 |02:18:39 ~-~-> 02:18:45 |Show me what it's going to do on this. Alright, this this, this this this damn
1643 |1642 |02:18:45 ~-~-> 02:18:49 |door to get in tomorrow. Alright, it's gonna do this, this this this this this?
1644 |1643 |02:18:49 ~-~-> 02:18:56 |How could I'm how much Monica made their 20 grand what you were, what's the
1645 |1644 |02:18:56 ~-~-> 02:19:04 |split? I'll get 15% and help anytime I need it. And that's what I was doing.
1646 |1645 |02:19:05 ~-~-> 02:19:12 |It's exactly what the fuck I was doing. And I had everything I ever wanted. I
1647 |1646 |02:19:12 ~-~-> 02:19:18 |had money all the time. I had so many friends and resources and more people
1648 |1647 |02:19:18 ~-~-> 02:19:23 |constantly coming up. And I was scratching their back. They were
1649 |1648 |02:19:23 ~-~-> 02:19:30 |scratching mine. They were giving me gifts. Okay. So when people talk shit
1650 |1649 |02:19:30 ~-~-> 02:19:34 |about you and tear you down and think that you're winning, and you laugh at
1651 |1650 |02:19:34 ~-~-> 02:19:38 |them, because you beat every fucking obstacle that was placed in front of
1652 |1651 |02:19:38 ~-~-> 02:19:46 |you. Who's really laughing loudest? There's always going to be someone in
1653 |1652 |02:19:46 ~-~-> 02:19:50 |your family, your friends that's going to deny and say you can't do this.
1654 |1653 |02:19:50 ~-~-> 02:19:54 |They're going to tell you Don't be don't waste your time doing it. Don't try
1655 |1654 |02:19:54 ~-~-> 02:19:57 |don't even bother trying. You're going to fail. You're gonna fail. You're gonna
1656 |1655 |02:19:57 ~-~-> 02:20:05 |fail. That's the enemy talk. That is something that's trying to steal your
1657 |1656 |02:20:05 ~-~-> 02:20:09 |future legacy that's literally being laid in front of you. If it's your first
1658 |1657 |02:20:09 ~-~-> 02:20:13 |time you ever listened to me, it's being laid in front of you right now. And I
1659 |1658 |02:20:13 ~-~-> 02:20:16 |guarantee you, if you make the mistake of talking about to somebody else,
1660 |1659 |02:20:17 ~-~-> 02:20:20 |friend or family, we're gonna give you 15 Fucking reasons why you shouldn't do
1661 |1660 |02:20:20 ~-~-> 02:20:29 |it. And ain't them telling you that it's the enemy. steal, kill, destroy. That's
1662 |1661 |02:20:29 ~-~-> 02:20:39 |what they do. And if you believe them, that's unfortunate. Because you can do
1663 |1662 |02:20:39 ~-~-> 02:20:45 |this, you absolutely can do it. There's so many people now that's came forward
1664 |1663 |02:20:45 ~-~-> 02:20:51 |and says, This is what I use. And this is what's working for me. And you
1665 |1664 |02:20:51 ~-~-> 02:20:53 |believe what you want to believe. But I'm making money. And here's the proof.
1666 |1665 |02:20:53 ~-~-> 02:20:58 |Here's the evidence of it. I promised you two years ago, I was going to bring
1667 |1666 |02:20:58 ~-~-> 02:21:03 |the receipts. And here they are becoming people out there saying, you know, this
1668 |1667 |02:21:03 ~-~-> 02:21:08 |is it, I found my way. I don't fear losing my job. I don't fear another
1669 |1668 |02:21:08 ~-~-> 02:21:15 |pandemic. I don't fear inflation. I don't give a shit what gas cost? I could
1670 |1669 |02:21:15 ~-~-> 02:21:18 |care less what gasoline cost. I have eight cylinder engines, I'm not going to
1671 |1670 |02:21:18 ~-~-> 02:21:23 |size them. I will pay their small tax, I don't give a fuck. None of that bothers
1672 |1671 |02:21:23 ~-~-> 02:21:31 |me a bit. But none of that's a deterrent to how I'm going to spend my money. That
1673 |1672 |02:21:31 ~-~-> 02:21:36 |is a living experience that I want all of you to have. I want you to all look
1674 |1673 |02:21:36 ~-~-> 02:21:41 |at things and say, You know what? I don't fear what things cost? I don't
1675 |1674 |02:21:41 ~-~-> 02:21:48 |fear inflation, because you'll always outpace it. When you're a student that
1676 |1675 |02:21:48 ~-~-> 02:21:53 |goes to college, and you have a college education, inflation is still a factor
1677 |1676 |02:21:53 ~-~-> 02:22:01 |to you. Well, you, you understand, house prices are too high. I knew I paid over
1678 |1677 |02:22:01 ~-~-> 02:22:05 |$2 million for this house, I paid too much money. Every house is inflated
1679 |1678 |02:22:05 ~-~-> 02:22:10 |right now. You're not going to have a house because it's too expensive. You
1680 |1679 |02:22:10 ~-~-> 02:22:14 |got to have a place to live, right? I don't give a shit. Because I knew all
1681 |1680 |02:22:14 ~-~-> 02:22:20 |the things I'm doing elsewhere, are offsetting whatever I spent on this. I
1682 |1681 |02:22:20 ~-~-> 02:22:25 |got a free RV. Basically for $300,000. It takes me about six years or so and
1683 |1682 |02:22:25 ~-~-> 02:22:30 |it'd be depreciated. That's all being taken away from my taxable income. All
1684 |1683 |02:22:30 ~-~-> 02:22:36 |my cars, except for one family vehicle. Always had a car that was considered the
1685 |1684 |02:22:36 ~-~-> 02:22:43 |family vehicle. But I've always had company cars. Every gasoline intake that
1686 |1685 |02:22:43 ~-~-> 02:22:50 |I put in those except for my family car is 100 cent write off. When I buy food
1687 |1686 |02:22:50 ~-~-> 02:22:54 |at a restaurant. It used to be you had to talk about business, but he did away
1688 |1687 |02:22:54 ~-~-> 02:22:57 |with that. And now it's not like that anymore. But 50% of whatever you spend
1689 |1688 |02:22:57 ~-~-> 02:23:03 |on food. Look how much food costs if you go through a restaurant, so you go to go
1690 |1689 |02:23:03 ~-~-> 02:23:08 |to Ruth's Chris, can you have yourself a nice meal, nice crab cake, nice steak or
1691 |1690 |02:23:08 ~-~-> 02:23:15 |whatever. You can't not spend at least 200 some dollars. Well, you're beat out
1692 |1691 |02:23:15 ~-~-> 02:23:20 |of six of 200 hours plus the the TAT the tip if you want to give it some people
1693 |1692 |02:23:20 ~-~-> 02:23:25 |don't like to tip which I think is ignorant, but it is what it is. Your
1694 |1693 |02:23:25 ~-~-> 02:23:31 |your beat out of that money. Whenever I spend money here for whatever I spend is
1695 |1694 |02:23:31 ~-~-> 02:23:37 |deducted from whatever my taxable income is. When I go on vacations when I when I
1696 |1695 |02:23:37 ~-~-> 02:23:44 |buy things like my computer, all the peripherals that go from my computer,
1697 |1696 |02:23:44 ~-~-> 02:23:52 |all right off. So when I buy stuff, I buy the highest and everything. I want
1698 |1697 |02:23:52 ~-~-> 02:23:58 |the maximum benefit of having the best. And I want the maximum right off. See,
1699 |1698 |02:23:58 ~-~-> 02:24:01 |when you're an employee working for a company, you're looking for what you can
1700 |1699 |02:24:01 ~-~-> 02:24:06 |afford, because you're getting beat for what you spend. Because you're not
1701 |1700 |02:24:06 ~-~-> 02:24:10 |financially literate. You've been indoctrinated. You've been told the
1702 |1701 |02:24:10 ~-~-> 02:24:16 |American Dream is go to work, get a good job, get an education, get a house get
1703 |1702 |02:24:16 ~-~-> 02:24:20 |tied up in a 30 year mortgage, fuck 30 year mortgages. If you have a mortgage,
1704 |1703 |02:24:20 ~-~-> 02:24:24 |you're an idiot. You're paying fucking two times three times for a house that's
1705 |1704 |02:24:24 ~-~-> 02:24:28 |already too much money when it's just so much easier for you to rent something
1706 |1705 |02:24:28 ~-~-> 02:24:33 |that you can afford. Learn how to invest, take that money, maximize it,
1707 |1706 |02:24:33 ~-~-> 02:24:38 |build it up and buy something fucking cash. Flow. It's easier said than done.
1708 |1707 |02:24:38 ~-~-> 02:24:45 |I understand that. I think look, I hear you. I hear you. But I was the same way.
1709 |1708 |02:24:46 ~-~-> 02:24:51 |I lived in apartments. I lived in areas that I would not feel comfortable
1710 |1709 |02:24:51 ~-~-> 02:24:58 |walking in. I did all that stuff. Nobody walks out. You know, let me rephrase
1711 |1710 |02:24:58 ~-~-> 02:25:01 |there are people walking around with servers. The numbers, but it wasn't me.
1712 |1711 |02:25:05 ~-~-> 02:25:10 |My middle name is Joe. Average fucking Joe. That's rockin from average Joe from
1713 |1712 |02:25:10 ~-~-> 02:25:15 |Middle River, Maryland. That is me. And if I can do this with all the hardships
1714 |1713 |02:25:15 ~-~-> 02:25:21 |and mental illness and shit that I had to deal with, I know you can. I've
1715 |1714 |02:25:21 ~-~-> 02:25:26 |already been here I've thought blazed that trail. I knew all the problems. I
1716 |1715 |02:25:26 ~-~-> 02:25:29 |know where you're going to Step and twist your ankle. Don't step there. I
1717 |1716 |02:25:29 ~-~-> 02:25:35 |have those. Listen to me. You don't want to listen to conversations like this.
1718 |1717 |02:25:35 ~-~-> 02:25:38 |Oh, I got better things to do Saturday night, listen to this guy talks seem to
1719 |1718 |02:25:38 ~-~-> 02:25:41 |love the way he talks about his own voice. No, and I don't I don't like my
1720 |1719 |02:25:41 ~-~-> 02:25:49 |own voice, actually. But the point is this. If someone that you knew had a big
1721 |1720 |02:25:49 ~-~-> 02:25:54 |ass fucking house, 10,000 square foot house, millions of fucking dollars,
1722 |1721 |02:25:54 ~-~-> 02:25:59 |makes money hand over fist doesn't go to work, just does whatever the fuck they
1723 |1722 |02:25:59 ~-~-> 02:26:04 |want to do. And they say, Hey, let me help you out. Let me show you how to
1724 |1723 |02:26:04 ~-~-> 02:26:08 |make some money. Would you tell that guy go fuck himself? Get out of going get
1725 |1724 |02:26:08 ~-~-> 02:26:13 |time listen to you. Know, you'd be like, Yeah, I'd love to hear what you have to
1726 |1725 |02:26:13 ~-~-> 02:26:19 |say. See differences. You just look at a chart that says demo down on the left
1727 |1726 |02:26:19 ~-~-> 02:26:23 |hand side. And that's a big impediment for some of you. You're a victim to
1728 |1727 |02:26:23 ~-~-> 02:26:30 |social media. You're a victim to indoctrination. See, I can't come out
1729 |1728 |02:26:30 ~-~-> 02:26:36 |here and promise you getting rich. I can, I won't. But for the people that
1730 |1729 |02:26:36 ~-~-> 02:26:43 |are astute. They can see they can read between the lines. Okay, he's not
1731 |1730 |02:26:43 ~-~-> 02:26:48 |promising that I'm gonna get rich. He says promising the younger the but tell
1732 |1731 |02:26:48 ~-~-> 02:26:52 |where this mark is gonna go before it does it more times than not. Okay. So
1733 |1732 |02:26:52 ~-~-> 02:26:58 |now what happens when I monetize that transaction? Oh, shit. And if I can
1734 |1733 |02:26:58 ~-~-> 02:27:07 |repeat it? Oh, my goodness. I didn't say it. This is something you came up with.
1735 |1734 |02:27:08 ~-~-> 02:27:13 |You came to that decision to start putting money behind it? And the
1736 |1735 |02:27:13 ~-~-> 02:27:17 |question really is, is who wouldn't? If you get really good at something, if you
1737 |1736 |02:27:17 ~-~-> 02:27:22 |knew the winning lottery numbers, three days out of a week, when you fucking
1738 |1737 |02:27:22 ~-~-> 02:27:27 |play the lottery. When you deliver pizza, to get some extra money to buy
1739 |1738 |02:27:27 ~-~-> 02:27:31 |more tickets, you would start doing all kinds of shit, right? And that's why I
1740 |1739 |02:27:31 ~-~-> 02:27:37 |entice all of you to simply go in and study what I've shared. If it's there,
1741 |1740 |02:27:37 ~-~-> 02:27:41 |you'll see it. And then you'll start doing the math and say, Oh, well if I do
1742 |1741 |02:27:41 ~-~-> 02:27:46 |this and this and then now all of a sudden, the traitor bug is bit you.
1743 |1742 |02:27:47 ~-~-> 02:27:51 |You're infected for life. And then once you see it working, you can't unsee it.
1744 |1743 |02:27:52 ~-~-> 02:27:54 |Everything else you listen to other people talking about why the markets
1745 |1744 |02:27:54 ~-~-> 02:27:56 |going up? Now it's laughable. It's comedy.
1746 |1745 |02:27:58 ~-~-> 02:28:02 |And that's what makes us in the the eyes of other people's discipline that were
1747 |1746 |02:28:02 ~-~-> 02:28:06 |toxic. No, we just it is what it is. It's the same thing when you go to a
1748 |1747 |02:28:06 ~-~-> 02:28:11 |football game. The other team and you know the what do you call it? The the
1749 |1748 |02:28:11 ~-~-> 02:28:16 |fans of the other team. They're in the stands with you. And they're talking
1750 |1749 |02:28:16 ~-~-> 02:28:20 |shit just like you're gonna talk to them. Steelers versus the Ravens. I
1751 |1750 |02:28:20 ~-~-> 02:28:23 |couldn't tell you anything about football. Okay, that's probably the
1752 |1751 |02:28:23 ~-~-> 02:28:28 |extent of it. But I know that that rivalry knew the fans go at each other.
1753 |1752 |02:28:29 ~-~-> 02:28:33 |It's the same thing with this. I don't come out heartbroken over this stuff
1754 |1753 |02:28:33 ~-~-> 02:28:36 |that when people say shit about me, I don't get upset about it. That's
1755 |1754 |02:28:36 ~-~-> 02:28:41 |laughable. To me. It's it's funny. The same thing with these fans, sometimes
1756 |1755 |02:28:41 ~-~-> 02:28:46 |some fanatics go too far. And they want to throw fists, or they want to do
1757 |1756 |02:28:46 ~-~-> 02:28:50 |things and follow you back to your car. And they want to follow you back to your
1758 |1757 |02:28:50 ~-~-> 02:28:53 |house and they discover how much brass you have. And they made the mistake.
1759 |1758 |02:28:53 ~-~-> 02:29:00 |Okay? That's the problem when people go too far. And it's important that if you
1760 |1759 |02:29:00 ~-~-> 02:29:05 |grow in this and you become some kind of a celebrity, which I don't want to be a
1761 |1760 |02:29:05 ~-~-> 02:29:10 |celebrity, that the level of attention, you're gonna discover some of you
1762 |1761 |02:29:10 ~-~-> 02:29:17 |aren't, aren't gonna be comfortable with it. So just know that you can become
1763 |1762 |02:29:17 ~-~-> 02:29:24 |huge in this industry and become huge in terms of influence. Be madly successful.
1764 |1763 |02:29:25 ~-~-> 02:29:30 |But you're gonna get some weirdos that simply just don't want to be weirdos.
1765 |1764 |02:29:30 ~-~-> 02:29:35 |And it just it's uncomfortable. It's weird. They sit outside your house, just
1766 |1765 |02:29:35 ~-~-> 02:29:38 |to get pictures of you going into the mailbox. They want to see your wife they
1767 |1766 |02:29:38 ~-~-> 02:29:41 |want to see your kids, they want to see what you're driving. They want to see
1768 |1767 |02:29:41 ~-~-> 02:29:45 |what your lawn looks like. They want to go through your trash cans. Like we
1769 |1768 |02:29:45 ~-~-> 02:29:48 |literally wait for the trash guys that come in our neighborhood before we put
1770 |1769 |02:29:48 ~-~-> 02:29:53 |our trash out. Because we have people in our trash cans. Think about that. It's
1771 |1770 |02:29:53 ~-~-> 02:29:58 |love at the next level kind of creepy shit, right? So just be careful what you
1772 |1771 |02:29:58 ~-~-> 02:30:01 |ask for because you really want to be big celebrity, you want to be all kinds
1773 |1772 |02:30:01 ~-~-> 02:30:06 |of attention, there's gonna be people that want to get closer to you. And if
1774 |1773 |02:30:06 ~-~-> 02:30:09 |you don't, you don't want to be best buddies with them, they become weirdos,
1775 |1774 |02:30:09 ~-~-> 02:30:12 |okay, and they take offense to it. And they make up lies about you and talk
1776 |1775 |02:30:12 ~-~-> 02:30:17 |cons, cons bullshit. And no matter what you do, there's gonna be other people
1777 |1776 |02:30:17 ~-~-> 02:30:21 |out there that will believe anything toxic said about you, even if it's not
1778 |1777 |02:30:21 ~-~-> 02:30:26 |true, in essence, the state of the world. So there are all the pitfalls and
1779 |1778 |02:30:26 ~-~-> 02:30:29 |the plagues that trading is going to present to you and how you navigate them
1780 |1779 |02:30:29 ~-~-> 02:30:37 |is up to you. I've shared what I have gone through myself, I have given you
1781 |1780 |02:30:37 ~-~-> 02:30:41 |some advice on how to think about it and how to navigate it. And the last bit of
1782 |1781 |02:30:41 ~-~-> 02:30:45 |business called just forgot about it and just remembered it. A lot of you're
1783 |1782 |02:30:45 ~-~-> 02:30:49 |asking where my son Cameron is in his trading. And for some of you that don't
1784 |1783 |02:30:49 ~-~-> 02:30:57 |know, I have my four boys and my 18 year old. He is the same one that was trying
1785 |1784 |02:30:57 ~-~-> 02:31:03 |to get funded through and got funded with three accounts with top step. He
1786 |1785 |02:31:03 ~-~-> 02:31:08 |made his way to their little leaderboard thing he put up there two days in a row,
1787 |1786 |02:31:08 ~-~-> 02:31:15 |whatnot, he had two payouts, and then failed the hold on to it, lost it, and
1788 |1787 |02:31:15 ~-~-> 02:31:19 |then tried to get I don't remember whatever their biggest, I think it's
1789 |1788 |02:31:19 ~-~-> 02:31:23 |100,000 account, wherever their biggest one is. He was trying to do that after
1790 |1789 |02:31:23 ~-~-> 02:31:29 |he lost his funded account. And then he failed on that. So what he's going
1791 |1790 |02:31:29 ~-~-> 02:31:34 |through, is he a girlfriend, and some of you that are little dick energy guys,
1792 |1791 |02:31:34 ~-~-> 02:31:37 |you're gonna say this is perfect excuses, blah, blah, whatever. He should
1793 |1792 |02:31:37 ~-~-> 02:31:41 |be perfectly because he's your son, and he should be doing this. I forced them
1794 |1793 |02:31:41 ~-~-> 02:31:46 |to do this on their own. I give them advice. I tell them how to trade. But
1795 |1794 |02:31:46 ~-~-> 02:31:51 |they still have to follow the rules. How many people get in the car accident, by
1796 |1795 |02:31:51 ~-~-> 02:31:54 |not simply follow the rules to stay on your side of the fucking road? That line
1797 |1796 |02:31:54 ~-~-> 02:31:58 |in the middle of the road? is there to say don't cross me? How many times do
1798 |1797 |02:31:58 ~-~-> 02:32:01 |you cross it? How many times are you texting and your shit goes over that
1799 |1798 |02:32:01 ~-~-> 02:32:04 |line. to Don't give me the bullshit about because he's my son, it's still
1800 |1799 |02:32:04 ~-~-> 02:32:09 |he's being held to accountability. I'm not making it easy for any of them. So
1801 |1800 |02:32:11 ~-~-> 02:32:15 |he had a girlfriend, and she was going away to college this year. And I sat
1802 |1801 |02:32:15 ~-~-> 02:32:19 |down with him on the summer. I said I'm just let you know, the chances of you
1803 |1802 |02:32:19 ~-~-> 02:32:25 |surviving a boyfriend relationship. Girlfriend type thing is next to zero.
1804 |1803 |02:32:25 ~-~-> 02:32:30 |Because you're going out of state you're gonna go on for months. And Cameron is
1805 |1804 |02:32:30 ~-~-> 02:32:33 |going to want to worry you to death, texting and you missing you whatever.
1806 |1805 |02:32:33 ~-~-> 02:32:39 |Because he's the romantic at heart. Like is that right? So long story short, the
1807 |1806 |02:32:39 ~-~-> 02:32:45 |inevitable happened. She said, You know, I can't stay with you in a boyfriend
1808 |1807 |02:32:45 ~-~-> 02:32:51 |relationship. So we can be friends. And she started dating another guy on
1809 |1808 |02:32:51 ~-~-> 02:32:58 |campus. So that's done him in terms of it broke his heart. He's, he's not, he's
1810 |1809 |02:32:58 ~-~-> 02:33:03 |not the same anymore. Like he doesn't have any kind of drive. He's depressed
1811 |1810 |02:33:03 ~-~-> 02:33:09 |all the time. It's, it's sad. But I see myself because my first wife is the same
1812 |1811 |02:33:09 ~-~-> 02:33:14 |way. Like she was my first and everything. And when she broke up, it
1813 |1812 |02:33:14 ~-~-> 02:33:18 |was devastating. Like, I couldn't think about anything but her. It was just, it
1814 |1813 |02:33:18 ~-~-> 02:33:23 |was a mess. It was total mess. And he's going through that right now. So he
1815 |1814 |02:33:23 ~-~-> 02:33:26 |doesn't want to do any trading. He doesn't want to do video games, he
1816 |1815 |02:33:26 ~-~-> 02:33:29 |doesn't want to hang out with family, he doesn't want to do anything. He just
1817 |1816 |02:33:29 ~-~-> 02:33:34 |goes to work comes home tired and sore, and then hates his life. He said, so
1818 |1817 |02:33:35 ~-~-> 02:33:39 |it's depression. That's the reality of the real world, folks, okay, trading
1819 |1818 |02:33:39 ~-~-> 02:33:44 |doesn't remove it. Okay. Even if you make money, those things are gonna
1820 |1819 |02:33:44 ~-~-> 02:33:48 |happen in your life, you're gonna have a breakup, you're gonna have a health
1821 |1820 |02:33:48 ~-~-> 02:33:52 |problem, you're gonna, you know, get into a car accident and things are gonna
1822 |1821 |02:33:52 ~-~-> 02:33:55 |get broken or destroyed, and you're gonna have to pay money out of pocket,
1823 |1822 |02:33:56 ~-~-> 02:34:00 |things are gonna blow up that, you know, cost you to replace, all those things
1824 |1823 |02:34:00 ~-~-> 02:34:07 |are stressful. And he's young, when he's 18 years old, is his first adult thing.
1825 |1824 |02:34:08 ~-~-> 02:34:15 |And he's wrestling with it. So, guys, ladies, you don't know this. But men
1826 |1825 |02:34:15 ~-~-> 02:34:20 |really have it hard when a girl breaks up with them, especially when he didn't
1827 |1826 |02:34:20 ~-~-> 02:34:25 |see it coming. And they were cute together. If they weren't having the
1828 |1827 |02:34:25 ~-~-> 02:34:28 |separation of college, I think they would still be together. But you know,
1829 |1828 |02:34:28 ~-~-> 02:34:32 |he spent months away from each other. And then you are separate from your
1830 |1829 |02:34:32 ~-~-> 02:34:36 |family to in a new location, constantly stressed with school, and somebody
1831 |1830 |02:34:36 ~-~-> 02:34:39 |starts giving you attention. What are you gonna do? You're gonna pile up with
1832 |1831 |02:34:39 ~-~-> 02:34:43 |them. And it's natural. It's unfortunate, but it's still it's
1833 |1832 |02:34:43 ~-~-> 02:34:50 |natural. And he's wrestling with that. So that's where he's at. He's not
1834 |1833 |02:34:50 ~-~-> 02:34:54 |actively trying to do anything except for work his job and he's going through
1835 |1834 |02:34:54 ~-~-> 02:34:59 |depression. So that's the reality of the real world, folks. I mean, it is what it
1836 |1835 |02:34:59 ~-~-> 02:35:04 |is. He has to snap out of that. He has to pull himself together. And it took a
1837 |1836 |02:35:04 ~-~-> 02:35:08 |while for me to do it when I was younger. But eventually, I realized that
1838 |1837 |02:35:08 ~-~-> 02:35:13 |it's one person that I wasn't meant to be with. It was nice while it lasted. I
1839 |1838 |02:35:13 ~-~-> 02:35:18 |learned from it. And I have better things to go and conquer. And that'll
1840 |1839 |02:35:18 ~-~-> 02:35:25 |happen for him too. But that's where he's at. And he's not in there trying to
1841 |1840 |02:35:25 ~-~-> 02:35:31 |do anything else with with top step. He's not trying to do anything at all
1842 |1841 |02:35:31 ~-~-> 02:35:37 |with trading. So we're giving him space. I'm not trying to push on him when he
1843 |1842 |02:35:37 ~-~-> 02:35:42 |wants to talk to me about anything, you know, I'm available for it. But he'll
1844 |1843 |02:35:42 ~-~-> 02:35:47 |get tired of working in the oil, you'll be like, Okay, Doc, can you help me, I
1845 |1844 |02:35:47 ~-~-> 02:35:49 |already told him, I said, you know, when you're ready to do it, we'll just sit
1846 |1845 |02:35:49 ~-~-> 02:35:53 |down, and we'll trade together. That's how we'll do it. And then you'll watch
1847 |1846 |02:35:53 ~-~-> 02:35:58 |me do it, you'll copy what I'm doing. I'll explain why I'm doing it. And he'll
1848 |1847 |02:35:58 ~-~-> 02:36:01 |make money and he'll learn how to deal with ourselves. And by the amount of
1849 |1848 |02:36:01 ~-~-> 02:36:06 |money he makes, he will never put it down. That was like the last card I was
1850 |1849 |02:36:06 ~-~-> 02:36:09 |going to use. I didn't want to do that part in the beginning, because it
1851 |1850 |02:36:09 ~-~-> 02:36:14 |creates codependency but like, that's my insurance card with him. And that's what
1852 |1851 |02:36:14 ~-~-> 02:36:18 |all you want, but I'm not obligated to any of you. He's my son, he's gonna
1853 |1852 |02:36:18 ~-~-> 02:36:21 |succeed, he will be successful at it. But I gotta let him go through these
1854 |1853 |02:36:21 ~-~-> 02:36:27 |periods of uncomfortable. Where if I don't do this, this is what it's like.
1855 |1854 |02:36:28 ~-~-> 02:36:31 |So that when when he starts making money, consistently in its annual
1856 |1855 |02:36:31 ~-~-> 02:36:41 |salaries per month, he won't do anything to mess that up. Not a relationship. Not
1857 |1856 |02:36:41 ~-~-> 02:36:46 |someone else's a friend. Nothing. That's his business, isn't it? His interest to
1858 |1857 |02:36:46 ~-~-> 02:36:50 |keep it guarded? And he's not going to make stupid decisions because he's
1859 |1858 |02:36:50 ~-~-> 02:36:55 |running an enterprise. But how do you teach an 18 year old that stuff? They
1860 |1859 |02:36:55 ~-~-> 02:37:00 |gotta go through some stuff. They got to feel discomfort. And for the people
1861 |1860 |02:37:00 ~-~-> 02:37:04 |that's going to try to play father one on one for me, okay, and tell me I
1862 |1861 |02:37:04 ~-~-> 02:37:08 |should do this do that. You manage your own kids, okay? You manage your own
1863 |1862 |02:37:08 ~-~-> 02:37:11 |kids, and you do what you got to do in your life and your family. I'll do the
1864 |1863 |02:37:11 ~-~-> 02:37:14 |way I want to do it. I'm not taking advice on how to raise my fucking kids.
1865 |1864 |02:37:14 ~-~-> 02:37:19 |Okay. But they won't be homeless as let's put it that way. And none of my
1866 |1865 |02:37:19 ~-~-> 02:37:24 |kids live in fucking trailers. I'm gonna toss that in here. Because it's some
1867 |1866 |02:37:24 ~-~-> 02:37:27 |stupid shit. None of my kids live in fucking trailers, and they're not
1868 |1867 |02:37:27 ~-~-> 02:37:32 |fucking going to be homeless. So there you go. But anyway, Vinnie, Vinnie me
1869 |1868 |02:37:32 ~-~-> 02:37:36 |bring your bitch ass into Robins cup. I'm absolutely going to be in there and
1870 |1869 |02:37:36 ~-~-> 02:37:40 |I'm gonna throttle your fucking ass. Bring your shit Mickey Mouse because I'm
1871 |1870 |02:37:40 ~-~-> 02:37:45 |going to fucking cartoon your ass all the way through next year. Then the real
1872 |1871 |02:37:45 ~-~-> 02:37:50 |fun starts until talk to you next time. Be safe.
1873