Wiki source code of ICT YT - 2025-01-03 - 2025 Lecture Series - Housekeeping
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2 | |1 |00:00:18 ~-~-> 00:00:25 |ICT: I'm happy new year, folks, so I want to start this 2025, lecture series | ||
3 | |2 |00:00:25 ~-~-> 00:00:30 |with a little bit of housekeeping. See these are the things that you are not | ||
4 | |3 |00:00:30 ~-~-> 00:00:38 |entitled to see anyone that trades and shows their their skill online unless | ||
5 | |4 |00:00:38 ~-~-> 00:00:43 |they're offering a signal service, which I don't do. You're not entitled to have | ||
6 | |5 |00:00:43 ~-~-> 00:00:47 |this information, okay? And when people ask, show me this, show me that, show me | ||
7 | |6 |00:00:47 ~-~-> 00:00:55 |this. You know that's something that you're not entitled to see. But just to | ||
8 | |7 |00:00:55 ~-~-> 00:01:01 |be a good sport, we were supposed to see a lot of stuff happen in 2024 and it | ||
9 | |8 |00:01:02 ~-~-> 00:01:07 |didn't happen, did it? So as a consolation prize, I'm going to show you | ||
10 | |9 |00:01:08 ~-~-> 00:01:15 |in 2025 what you can do with what I taught in this YouTube channel, and I'm | ||
11 | |10 |00:01:15 ~-~-> 00:01:21 |showing you actual broker statements. Market Replay never offers this and they | ||
12 | |11 |00:01:21 ~-~-> 00:01:26 |don't send you broker statements for a demo account. Okay, so I want you to | ||
13 | |12 |00:01:26 ~-~-> 00:01:31 |understand that this brokerage firm, I'm not repping them, I'm not suggesting | ||
14 | |13 |00:01:31 ~-~-> 00:01:35 |that you open up an account with them, but I do enjoy the service they offer | ||
15 | |14 |00:01:35 ~-~-> 00:01:42 |me. I haven't had any real major issues with them and their commission costs and | ||
16 | |15 |00:01:42 ~-~-> 00:01:49 |fees are pretty reasonable. It costs $10 for one mini contract to be cleared with | ||
17 | |16 |00:01:49 ~-~-> 00:01:55 |NFA fees and whatnot. So everything that you would expect to pay for a round turn | ||
18 | |17 |00:01:55 ~-~-> 00:02:00 |commission whatnot is 10 bucks per contract. And you can see the running | ||
19 | |18 |00:02:00 ~-~-> 00:02:04 |tally at the bottom. And I'm not going to go through every single one of these | ||
20 | |19 |00:02:04 ~-~-> 00:02:10 |things, but I'm going to show you how I'm going to break down the content of | ||
21 | |20 |00:02:10 ~-~-> 00:02:16 |what I taught in 2024 so if you have not watched the 2024 mentorship videos, this | ||
22 | |21 |00:02:16 ~-~-> 00:02:22 |is an opportunity for you to go through that in the month of January. My actual | ||
23 | |22 |00:02:22 ~-~-> 00:02:28 |trading doesn't really kick off until around the second week of February. And | ||
24 | |23 |00:02:28 ~-~-> 00:02:33 |the the teachings really aren't going to be teachings in the sense that I'm | ||
25 | |24 |00:02:34 ~-~-> 00:02:39 |redoing the 2024 mentorship. But what I am doing, as you can see, I'm not | ||
26 | |25 |00:02:39 ~-~-> 00:02:43 |trading every single day. So take a look at those dates. I'm scrolling through | ||
27 | |26 |00:02:43 ~-~-> 00:02:47 |this so you can see it. And unfortunately, because this broker has a | ||
28 | |27 |00:02:47 ~-~-> 00:02:54 |huge issue with sharing broker statements online, which, you know, I | ||
29 | |28 |00:02:54 ~-~-> 00:02:58 |can respect that I do have to block out a lot of things. But the things that are | ||
30 | |29 |00:02:58 ~-~-> 00:03:02 |pertinent, like how many contracts I've traded. You can look at the commission | ||
31 | |30 |00:03:02 ~-~-> 00:03:06 |costs and just divide it by $10 and you'll give you how many times I traded | ||
32 | |31 |00:03:06 ~-~-> 00:03:10 |to get the numbers that I'm showing. But you can also see I'm not trading a lot. | ||
33 | |32 |00:03:10 ~-~-> 00:03:16 |Okay, the dates are what they are here, and I want you to think about how in | ||
34 | |33 |00:03:16 ~-~-> 00:03:29 |2025 all the content that I taught. How would ICT me, Michael, how would I use | ||
35 | |34 |00:03:29 ~-~-> 00:03:33 |that information if I want to sit down and create a model just to start trading | ||
36 | |35 |00:03:34 ~-~-> 00:03:39 |and work with income only, not trying to beat competitions, not trying to be, you | ||
37 | |36 |00:03:39 ~-~-> 00:03:46 |know, the big head honcho on the block, but just to make money, and I want you | ||
38 | |37 |00:03:46 ~-~-> 00:03:56 |to think about how you could change the way you've been doing things. Start | ||
39 | |38 |00:03:56 ~-~-> 00:04:00 |focusing on just trying to be in your own little bubble. You're not trying to | ||
40 | |39 |00:04:00 ~-~-> 00:04:04 |impress anybody else. You're not trying to show your broker statements online, | ||
41 | |40 |00:04:05 ~-~-> 00:04:08 |because when you do that type of stuff, it creates a competitive mindset, and | ||
42 | |41 |00:04:08 ~-~-> 00:04:13 |you're competing with yourself. And I'm I'm of the opinion that there's no other | ||
43 | |42 |00:04:13 ~-~-> 00:04:19 |competition out there, so I'm completely content with a lot of you not liking the | ||
44 | |43 |00:04:19 ~-~-> 00:04:24 |fact that I'm not willing to do what most of you want me to do, but I think | ||
45 | |44 |00:04:24 ~-~-> 00:04:27 |if you watch the numbers here, and I think you'll be pleasantly surprised. | ||
46 | |45 |00:04:28 ~-~-> 00:04:32 |But with that said, I want you to think about how this is not a promise that | ||
47 | |46 |00:04:32 ~-~-> 00:04:36 |what I taught on my YouTube channel is going to make you money. It doesn't mean | ||
48 | |47 |00:04:36 ~-~-> 00:04:39 |that you're going to be able to be flawless in your trading. It doesn't | ||
49 | |48 |00:04:39 ~-~-> 00:04:42 |mean that you're not going to have losing trades. It doesn't mean that you | ||
50 | |49 |00:04:42 ~-~-> 00:04:48 |won't blow your account. Just means that this is how I would use the information | ||
51 | |50 |00:04:48 ~-~-> 00:04:54 |that I produced and shared for free on my YouTube channel in 2024 if I was a | ||
52 | |51 |00:04:54 ~-~-> 00:05:00 |brand new student and I did due diligence of going through the 20. Four | ||
53 | |52 |00:05:00 ~-~-> 00:05:07 |content. How would I sit down and flesh out a model using that information? And | ||
54 | |53 |00:05:07 ~-~-> 00:05:12 |I'm going to share my own opinion on how I would use the resources that I made | ||
55 | |54 |00:05:12 ~-~-> 00:05:19 |available to you in 2024 and I'm going to go through every single component | ||
56 | |55 |00:05:19 ~-~-> 00:05:23 |during the month of January, and how I'm going to implement those individual | ||
57 | |56 |00:05:23 ~-~-> 00:05:29 |components. So that way you'll see how this jigsaw puzzle fits together, which, | ||
58 | |57 |00:05:29 ~-~-> 00:05:34 |in my opinion, is a better way of simply outlining my trading model. Now this is | ||
59 | |58 |00:05:34 ~-~-> 00:05:38 |not my trading model that I've always been using, but what you're seeing here | ||
60 | |59 |00:05:38 ~-~-> 00:05:42 |is the results of the very thing that I'm going to outline during this month, | ||
61 | |60 |00:05:43 ~-~-> 00:05:49 |and I'll be implementing it again throughout the entirety of 2025 the | ||
62 | |61 |00:05:49 ~-~-> 00:05:53 |focus is not to make millions and millions of dollars. It's to show you | ||
63 | |62 |00:05:53 ~-~-> 00:06:00 |how you can start with a very gradual, low expectation in the beginning of the | ||
64 | |63 |00:06:00 ~-~-> 00:06:06 |year and just start carving out a really nice return each month. Let it grow a | ||
65 | |64 |00:06:06 ~-~-> 00:06:11 |little bit. You're not trying to go crazy with it, but you're trying to grow | ||
66 | |65 |00:06:12 ~-~-> 00:06:20 |into a trader that can consistently take money out of the marketplace. That | ||
67 | |66 |00:06:20 ~-~-> 00:06:23 |should be your goal. It should not be. You're trying to get the biggest wins. | ||
68 | |67 |00:06:24 ~-~-> 00:06:30 |It should be. Am I able to make my ends meet? And I worked diligently this year | ||
69 | |68 |00:06:32 ~-~-> 00:06:38 |trying to make sure that I was able to teach my kids how to focus on building | ||
70 | |69 |00:06:38 ~-~-> 00:06:45 |income. Not get rich, but build income. And I think that around 50 to $60,000 a | ||
71 | |70 |00:06:45 ~-~-> 00:06:52 |year is a pretty respectable amount of money for your first year. And if anyone | ||
72 | |71 |00:06:52 ~-~-> 00:06:57 |wants to argue with that, you know, I'm not interested. So you probably noticed | ||
73 | |72 |00:06:57 ~-~-> 00:07:00 |that the comment section is turned off because I don't want to hear your | ||
74 | |73 |00:07:00 ~-~-> 00:07:05 |opinions, I'm not on X anymore. My Account sits there in IO but I'm not | ||
75 | |74 |00:07:05 ~-~-> 00:07:08 |going to be looking at people's opinions, because these are people that | ||
76 | |75 |00:07:08 ~-~-> 00:07:11 |don't know what I do. They don't know anything about me, and they only know | ||
77 | |76 |00:07:11 ~-~-> 00:07:16 |what I show and the showmanship stuff ends on this video. ICT is done, and | ||
78 | |77 |00:07:16 ~-~-> 00:07:20 |then now you're just going to have Michael, okay, so there's going to be a | ||
79 | |78 |00:07:20 ~-~-> 00:07:24 |whole lot of grandstanding, and Tom fuller in 2025 it's just the nuts and | ||
80 | |79 |00:07:24 ~-~-> 00:07:29 |bolts. And here it is, but I wanted to walk through and show you with a real, | ||
81 | |80 |00:07:29 ~-~-> 00:07:33 |regulated broker. This is real money, okay? And commissions are being paid. | ||
82 | |81 |00:07:36 ~-~-> 00:07:42 |How can this information be used in a setting that's not demo that's not paper | ||
83 | |82 |00:07:42 ~-~-> 00:07:49 |trading, okay, and it's real money. And by running up an account with the | ||
84 | |83 |00:07:49 ~-~-> 00:07:53 |mindset that you're not trying to get rich, but you are trying to carve out an | ||
85 | |84 |00:07:53 ~-~-> 00:07:58 |income consistently. You're not trying to expand and pyramid and go crazy just | ||
86 | |85 |00:07:58 ~-~-> 00:08:03 |going in there and taking out surgical strikes that make sense winning and | ||
87 | |86 |00:08:03 ~-~-> 00:08:08 |moving to the sidelines and being content. You're not trying to be the | ||
88 | |87 |00:08:08 ~-~-> 00:08:15 |best trader in the world, but so many of you want to do that because most of you | ||
89 | |88 |00:08:15 ~-~-> 00:08:21 |are male. Okay? So instead of trying to be the apex trader, the top of the heap | ||
90 | |89 |00:08:21 ~-~-> 00:08:26 |trader. Let's just focus on 2025 on being consistently profitable. And if | ||
91 | |90 |00:08:26 ~-~-> 00:08:30 |that means you only make $5,000 at the end of the year, guess what? That's | ||
92 | |91 |00:08:30 ~-~-> 00:08:33 |$5,000 that you didn't have at the beginning of the year. And that's what I | ||
93 | |92 |00:08:33 ~-~-> 00:08:39 |want to foster in terms of a mindset. So I think if you pay attention to the | ||
94 | |93 |00:08:39 ~-~-> 00:08:42 |numbers here, they'll add up very handsomely. You. |