Speaker A
All right, folks, welcome back. This is going to be episode 24 of the continuing series of the free ICT mentorship on YouTube for 2022.
Episode 24 of the ICT mentorship focuses on mindset, responsibility, backtesting, and real market trading principles for serious learners.
Ask about this video. Answers come from its transcript only — with the timestamp, so you can check them.
Generated from the transcript and can be wrong — check the timestamp.
Key Takeaways
- Proper mindset and responsibility are crucial for trading success.
- Backtesting and studying past data is essential before live trading.
- Disrespectful or disruptive behavior will not be tolerated in the community.
- Trading requires critical thinking and accountability for actions.
- Success in trading demands patience, endurance, and continuous learning.
What the video covers
- The video emphasizes the importance of having the proper mindset and responsibility when learning trading.
- The instructor warns against disruptive behavior and disrespectful comments in the community.
- Viewers are encouraged to actively study charts and patterns through backtesting rather than live trading immediately.
- The mentorship includes community posts for additional guidance and interaction beyond videos.
- A specific example involving Nasdaq and E-mini S&P 15-minute charts is used to illustrate market patterns and setups.
- The instructor explains the concept of the Judas swing and fair value gaps as part of the trading model.
- Live trading sessions are avoided due to the general lack of responsibility among traders.
- The video stresses the need for critical thinking and accountability in trading decisions.
- The mentorship is designed for serious learners willing to put in the work and endure losses.
- The instructor highlights the importance of patience, study, and proper application of the taught concepts.
Chapters
- 00:00Introduction and Setting Expectations
- 02:32Importance of Proper Mindset and Responsibility
- 05:05Community Interaction and Chart Study Prompt
- 07:49Avoiding Live Trading and Emphasizing Responsibility
- 10:34Critical Thinking and Simplified Trading Approaches
- 13:16Accountability and Removing Disruptive Comments
- 18:14Analyzing Market Patterns and Trading Logic
- 23:56Patience, Endurance, and Continuous Learning
Full Transcript — Download SRT & Markdown
Speaker A
All right, so I want to kind of like sit you down for a minute, get your attention, because if you don't have the proper mindset for this one, this could be taken out of context and viewed in a light that is not
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really my aim, okay? So I want you to think about why are you even watching these videos? Are you trying to learn? Are you just entertaining yourself? Or are you here to try to be disruptive? Because if you're trying to be disruptive,
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I don't have any time for that. So I want you to understand what I'm going to show in this video. This is not going to be a repeating theme. I just want to let the foundation be laid here.
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If I see any comments that are either disrespectful or just meant to stir up chaos and create a ruckus, I'm just gonna ban you from the town and your post won't appear, okay? The comment section is open.
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You guys said I don't open the comments up. I've been opening them up. All the mentorship videos are open, okay? I use your comments to steer the future direction of the lessons. I try to incorporate things that you may
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have asked or shown a concern about respectfully. If this is not for you, then obviously you can go watch Tom, Dick, and Harry go play in Market Replay, okay? That's fine. But here, I'm teaching you things that actually
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work in the live markets. I'm not pulling some strings to make you feel like you're learning something that is a gimmick. This is real market delivery. Those of you that are really sincere about learning obviously you
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have a lot of work ahead of you, and we are in the development stages early on in this mentorship. So that means you have to understand that this is the discovery where you see this pattern. You're supposed to be going back through the
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data in your old charts, not trading, not even demo trading, okay? You're looking for this pattern through backtesting. Now, some of you have asked to do a backtesting episode. I will do a backtesting episode, okay?
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But I want you to understand you have to have the proper mindset here. You have to be responsible. You have to be attentive, and you have to listen. So the things I'm teaching, the things I'm saying, suggesting to you,
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you have to make them applicable to your own journey. You can't just watch and think, "Okay, I've seen him do this a few times in a video. I understand it, so I'm gonna go out there and try to do
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it." So I want you to understand in light of that idea or direction that some of you want to take, just know that that's not the proper way of doing it, okay? So some of you are unaware that this is
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the other part of the ICT experience. So when I'm communicating to the community here, not only am I doing it in the comment section very, very rarely, but I also talk on the community posts. And if you go on
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the YouTube, go to my YouTube channel and click on this little area right here, you'll see it. It's kind of like my Twitter, like my update area. Sometimes I'll prompt you to look at certain charts, or I'll encourage you,
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give you ideas to think about, you know, where you are in your journey. And sometimes I'll share a YouTube channel for a specific video. It's not meant for you to be able to talk to me here, but you can obviously say anything you
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want in the comment section. Just know that if it's something that's disrespectful, you can say whatever you want on your last post, okay? Because I'll just make you invisible. You won't be here anymore, and you can keep creating accounts, and I
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don't care. It just takes one little click of a button for me. You got to go through the whole overcoming row of email addresses and all that business, and, you know, I don't get tired of clicking, hitting ban. I don't get tired of doing it. It's
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really easy. In fact, it's fun. But this area here is the other segment of the mentorship. So with that in mind, I made this post a little while ago, and today's date is May 5th, 2022, and I know some of you try to remind me to
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make these posts with the date, and I just don't. I don't remember it. So I'm used to doing Twitter, and Twitter used to do a time and date stamp all the time. It's just I'm a creature of habit like anybody else. I
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don't really think about it when I'm doing it. But I made this post this morning. I said, "Good morning, constant reader. I know, right? That FOMC was pretty neat, huh? Now try this one: open your Nasdaq 15-minute chart and
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E-mini S&P 15-minute charts. Drop a horizontal line across those smooth criminal highs in both indexes. I'll explain what that is in a moment. See how we dropped into a discount overnight. Study how they treat those relative equal highs today and
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Non-Farm Payroll Friday as you were." So I'm encouraging all of you to open up your charts and interact, okay? Because some of you just want to watch my videos and that's it and think it's going to translate from just
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watching and then now you know how to do it. No, you got to get in and study it. So I prompted everyone to look at their chart. This is kind of like what I was drawing your attention to. Now as one
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caveat here, that little blue arrow, that is me drawing the specific so that way we know what we're talking about here, where my attention was really drawn in on this. I'm watching this. I got that little bubble there, that little gap right there.
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I'm watching and I'm waiting for that to drop down at 9:30. That's that little Judas swing, okay? I'm waiting for that Judas swing to happen where it drops down at 9:30. If it goes into that area
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there and then it creates displacement, then it looks for a fair value gap, and if it trades back down into a fair value gap inside that displacement, then I can go long, and I'll look for a run into that 4303, okay?
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I did not tell my mentorship last night that I wanted to do this very thing here, but if I was going to tell my mentorship anything, this is what I would have said, okay? I would like to see it drop down
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into that area and then create the model that I'm teaching here on the YouTube channel. Now read what it says here. It says you are studying this, and I am watching this, okay? Pray tell, does this in any manner whatsoever
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suggest in any manner at all that any of you should be buying or selling this? No, it doesn't. For years, I've been asked to do live sessions. I've been asked to trade live in front of people, okay? The number one reason why I have
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refrained from doing it is what we're going to talk about next, because responsibility is lacking predominantly across all countries, all ages, and demographics. It's simply something that most people in trading lack, okay? Now it's going to be very easy for me to
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sit in front of a chart and say this is what I think is going to happen. I think it might go up to this level or go down to that level. That is not a trade idea. That's just
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bias. It's logic. That's the extent of what I'm gonna do in the live sessions. The reason why I already said that in the beginning and I didn't change gears because of what I'm gonna talk about
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tonight, but this is important, okay? Mindset is absolutely crucial. If you young guys and gals in here are already bored, do yourself a favor, turn this video off. Don't ever watch another video by me because you're going to cheat yourself
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from the absolute best prevention of ruin. If you continuously try to just watch my videos, pay intermittent attention, and then think you're going to glean any real understanding because this is highly technical. I have simplified it, and you're going to see
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two very simplified approaches to what I'm trying to teach so that way I can get right to the point. But these are the parts that cause people that don't want to listen, they don't want to pay the attention to
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the things I'm teaching you. These are the parts that will hurt you if you don't understand it. Do you want to succeed? Because to succeed, you need this part, not the little patterns, not the little things I can draw on a chart. That stuff
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that's the smallest part of it. How you think about yourself, what you think you're c...
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and just shake you and say listen this is the part you need to learn it's not full of lamborghinis it's not full of patek philippe watches and flossing in front of everybody i talk to you this way because i
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genuinely care about your success that's all that's all i want you to be able to do is take this information the logic and do well with it i'm not trying to bore you or burn through minutes just for the sake of
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hearing myself talk i want you to understand and some of you simply don't want to listen have to be a critical thinker i'm training you to be a critical thinker i'm going to give you two examples tonight of
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what critical thinking is not all right this individual here it was in the comment section okay and this is the poster child for why i do not sit in front of people and trade with entry stop targets i don't do that
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because invariably someone's going to take something i'm doing or saying or applying to a chart and they're going to do something with live funds and they're going to come out and say just lost a thousand thanks a lot
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now i don't know who this person is this person may not have actually taken a trade and lost money this person may be a troll this person may be a genuinely sincere individual at this point i don't care
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but i want to highlight this is the very thing folks this is it this is the thing that prevented me all these years to sit in front of all of you and entertain you with trading because someone's going to do something
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and when they do something by their own actions and it's painful for them if they lose money guess whose fault that is because it's not mine it's the person that lost the money listen everything i teach here is under the guise of
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demo and paper trading that's compliance i don't give trade advice i can talk about where the market's going to go i can give my opinion about that market opinions that's not trade advice it's the same logic the same idea
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in the same language that all of my paid mentorship students sign an agreement and they give me indemnity they know going in that everything i'm saying is under the pretense of demo and paper trading and you can't make
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money with demo trading but guess what you can't do either you can't lose money either so it gives you that freedom to think about what you're doing without the tug of war of making and losing money some of you
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in here are so high strung and so impatient that you just want to go out there and say okay i'm going to watch this video i'm going to get a hint from ict like i'm giving you some kind of secret language for
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signal service and i say this stuff to my own paid mentorship i said it for six years every time there was a new group coming in they know there is no new group coming in and stop listening to these yahoos
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out there saying that i'm gonna start another mentorship and i'm gonna sell i'm not selling no more mentorships folks because of this kind of stuff okay i'm not doing it so whether this person lost a thousand dollars or didn't i don't care
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that right there is why i have prevented myself saying no i'm not going to do it because i know there's going to be a lot of you out here that are going to hurt yourself because you're not ready none of you
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should be trading this model with live funds we haven't even gotten through all of the content or the the process of what it is you're doing with it today you're getting another piece of it but this is the crucial part this is the
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stuff the boring stuff the things that you don't want to listen to the things that you want to go through the people that want to come in here later on and say here's a minute marker when he starts
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really teaching and you want to avoid the crap i will delete your posts if you do stuff like that it's disrespectful not only to me but the other viewers because you're really taking their attention away from what is the real lesson
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you're all entitled to your opinion but if your opinion is disruptive or disrespectful i won't let it post now you can disagree respectfully and those posts stay on the comment section but nonsense that's meant to start a ruckus
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your channel will be blocked then you have folks like this who cannot be taught now again this could be a troll this could be someone that didn't really take a trade today because really the logic as i'm going to prove tonight
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really wasn't in the marketplace today for this model and it can't be argued there's no way you're going to be able to say that what i posted this morning is lined up with any of the logic that this model
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uses so again this person may have done something foolish or maybe they're just here to troll that's fine it doesn't matter because the posts that were made even after this indicate that the person's really not properly prepared to learn how to do this and or
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really not interested in learning so they're going to get removed they may come back in another form but any disrespectful comment will be removed this statement right down here at the bottom highlighted take accountability for your actions if you're taking trades
Speaker A
number one you gotta take it you gotta take accountability for your actions those are your actions i didn't reach through the screen i didn't go to your house i didn't go to your apartment i didn't meet you at your job and press
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your cell phone to get you into a trade in fact i didn't tell you anybody about a trade i said study watch i'm watching this okay that is not indications that's not instructions to buy or sell anything so don't get caught up in all this
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frenzy to be pushing any buttons yet because none of you know what you're doing all right i appreciate your patience getting through that how to get it off my chest and i promise i won't do it again because it's already been done here
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just know that if you act like those individuals i won't see your posts all right so may s p we won't cover tonight but it's kind of similar to what this is showing here but the e-mini nasdaq 100 features
Speaker A
june contract delivery month 2022 this is a daily chart and i felt that this morning we could have popped through stabbed above these relative equal highs right in here and then created this run lower that's kind of like what i was
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prompting study that because if it happens you can see and study and back test now that the market's already moved you can go back in and look and see if the model in fact did what i teach now
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this is actually a good lesson because it shows where i'm looking for something to form but it doesn't form it doesn't create a losing trade it doesn't get me into something that causes me to buy it when there really isn't
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an entry pattern there this is the proof the evidence that the model has validity so if you have a valid reasonable sound logic behind the model whatever model that is then it should prevent you from taking bad trades not all the time but
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sometimes when there is a really big move going the other direction that you don't see or expect it may do its job and keep you from getting into those bad traits and i'll show you the logic here today i
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want you to be a critical thinker okay think about what i've already taught about this model in the comment section below if you think that this model appeared based on what i showed in that community post say so
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if you don't think that this model appeared based on what i showed then say so as well also i'd appreciate if you would include in your post where are you all from folks like i want to get like a a broad
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range view of how far i'm reaching i know i got a lot of people in different countries but all you just tell me what country you're from you don't have to be specific with your address or social security number i'm not that interested
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but i would like to know you know where everyone's from but here's the logic with that one hour chart and that relative equal high so this is the framework i'm looking for a run above here if it can get above
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that then what it could wash out and go lower why would that be possible in terms of a pattern or a setup or the logic what would be the catalyst for that what like what was the reasoning for you being interested
Speaker A
in these relative equal highs number one it's thursday it's thursday and it's ahead of non-farm payroll friday now nine farm payroll friday is usually a volatile day it can be messy it can be sloppy sometimes it's just a really just a dud it doesn't
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really do anything other days it could be extremely volatile like the fomc but because fomc has done what it's done i don't think that the non-farm payroll numbers is going to have that much impact but i was looking for
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these relative equal highs to be taken out then drop lower than create the model that i'm teaching so that's why it's kind of drawing your attention to them so that way if it did present that you can have
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something to study now what's the catalyst that sets the run up into those relative equal highs i'm going to talk about that now much like i was suggesting in that post we had dropped down into a discount i posted ahead of the 9 30 opening where
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equities open up and that volatility that comes around 9 30 i want to see some kind of a manipulation in price so if our focus and i was trying to get your attention up here if our focus is up there and it's dropping down
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and it's ahead of 9 30 what are we likely to see drop down get traders thinking it's going to go lower and then rally up not just go down indiscriminately and then go higher it's got to do something specific
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i'm interested in this area right here that's what i posted in that community post saying i'm watching this and that was that little area right here for all of these videos that i've been posting it's very specific i'm teaching fair value that
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that fair value gap is right there okay so dropping down into that that would be a point of interest for me so that i can go in and look for something that gives me my setup so in other words this here
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is just where the trade might form hear what i just said where the trade might it could it may not it's absolutely going to this is a promise there's no way this can fail because that logic doesn't exist in trading except for over
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leverage and over trade you're gonna blow your account that's a guarantee okay but that fair value gap that's the place in terms of price where should the pattern form by itself it's just price but we have to incorporate what element first
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algorithmically it's time so i'm teaching you elements of time at that 9 30. we're expecting some volatility dropping down into that area here which at this point at the chart it doesn't do yet so i'm looking for it to drop down into
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that area if it does then i'm going to be looking for what i teach you in this model so with that area shaded right here this is a 15 minute chart you can see we traded down into it
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the candle stopped right at the old candle high and the next candle just gave up the ghost right away we should notice that we did have the initial criteria which is trading below an old low so what's going to be resting below that
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cell stops so they go down run out the sell stops traders are caught in then what what's the next logic we got to look for displacement it's got to trade back above this old low it's got to have
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displacement above that did it happen here no here is a five minute chart now if you're looking at this with that same low here it trades down below it did we get displacement above that oh low no it just went down consolidated returned
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back to it but melted didn't do anything above that oh low there was no displacement no energetic move so that way you can look for a fair value gap to trade back down into the buy so anyone that would have looked at this
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and bought today is not using what i'm teaching they're just impulsively pushing a button and if they lost money you have to fault yourself for that i'm not the good i'm not going to be the target for all of you that fail
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don't listen and want to gamble and when it doesn't work for you because you took a guess you took a stab at it you just wanted to see what was going to happen and you lose money you can never do that with me even my
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paid mentorships those students they can't do any of that either because i never tell them to go into anything and buy or sell anything nothing i'm not going to co-sign your financial ruin it ain't going to happen none of this can be placed on me the
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responsibility is solely on you the viewer and it's a lot of responsibility and some of you simply are not going to be able to do this not because it doesn't work but because you are not responsible you don't have
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any self-control you don't want to listen you don't want to have any rules in those rules look at it like this folks in the videos i'll suggest folks hey look pause the video here study it so that way you can
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really look for it before it's revealed there's a lot of people they make jokes and say i'm not going to pull i'm not going to pause the video i promise you if they're sincere in their response saying that i promise you
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they will not learn this okay it will not happen because they're showing a a trait that is simply not conducive for success in doing this business so it doesn't work like that it's not easy it's not netflix and chill
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it's ict and study your ass off okay that's the way it is and it takes a lot of logic that you have to adhere to and you have to break yourself there's a lot of things you're going to
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try to do impulsively if you do them here and it works for you you make profits you're going to be in here in the comments section high fiving me yeah we're killing ict style when in fact you just got lucky
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because then the next time you take another trade impulsively you're going to want to fault me you're going to say you weren't around when i posted that comment this morning i spent the day with my wife i haven't
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seen her for a week and i'm not obligated to babysit anybody through a community post i don't even do that with my mentorship that pay me okay so again it's all about responsibility and i'm placing the logic in your hands it's up to you
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to go through the charts see if it fits you if it doesn't fit you folks there's a lot of other ways to trade there's lots of ways to trade you don't need to trade my way okay i'm biased i believe mine's the best
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i believe i can outperform anybody in any style of trading and i can do it consistently will that translate to you no but i'm saying and promising that you're going to learn how to read price better than you ever imagined
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it's worth the investigation look into it see if it doesn't hold up but don't do things outside the rules i'm giving you and that's why i teach this way slow incremental pieces because invariably you're going to do things impulsively if
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you lack self-control if you don't have self-control you're going to blow up and folks listen there's nothing worse than thinking you understand something in a rush and then go out there and trade with live funds and blow the account
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it hurts it's painful it sucks and it's easy to say oh it's that guy that wasn't there to tell me what's really going on you know if he would have told me this or that i wouldn't have lost money
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no because i'm never putting any of my students in a position where they have to be handheld through a trade they're putting their self in that if they did it at all and they gotta get themselves out of it
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that teaches responsibility and you have to own those results good or bad they're yours and that's why i tell everybody when they find success in this and they like to say hey it was it was all credit to you ict you know
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without you i couldn't have done this wrong wrong the only thing i did was show you how to read price i did not sit with you and push a button so if you took on that risk if you sat through the learning and
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worked through all the back testing and studying and forward testing demoing and producing a track record that you can feel confident in then and only then with the time that you choose not when i say so because i never tell anybody with
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live funds in fact right now i'm reminded don't trade with life funds when you make that decision should you ever do so you've done it on your own accord so if you make money whose success really is that
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it's yours and it's well deserved never ever champion me for your success now you can thank me for helping you with the logic but i didn't help you make money and just this well i did not help you
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lose it either those buttons getting pushed you push them and you have to sleep with yourself knowing that that's the results that you provided and there it is you live with it and if it's a bad taste in your mouth
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swallow it's the way it is it's bitter medicine but it's good for you you'll learn from it or it'll take you out of the business and that might be the best thing for you if you can't stick to the rules
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this game has a funny way of taking you right out of it the people that are consistently profitable it's not by luck and they're not stupid they have a logic they adhere to they have rules that they trade with
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and they have to stick to them when they deviate from them or do something outside of what that role-based strategy is then it's reasonable to expect ruin or loss and those moments are most painful because you can look back and say this
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is not what i should have done that's what i shared that other guy corbs video about i'm sure he has a strategy but for whatever reason from his commentary he suggested that he just lost control of himself and started
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doing things that made no sense anybody that's ever traded with life funds knows exactly what that means if anybody has ever treated life funds they understand what that man was saying i know i've done it a lot in the 90s
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i know exactly what he was talking about but it feels like it's never going to work and you just want to pick yourself up you're going to have losing trades folks okay in your journal right now today with
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today's date make a promise to yourself write it out i promise that as long as i'm doing this i'm going to endure losses notice i said indoor you're not going to be defeated by those losses you're just going to have to endure them
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because trading is all about managing losing trades you got to trade your way out of a losing trade every single time you get into market every single trade as soon as you start off you're under the commission you're under the spread in
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forex you got to come out of that every trader is a losing trader that finds success out of loss or suffers ruin in it that's it that's the only two things that can happen all right so now let's talk a little bit
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about the model and give you a little bit more details and i probably feel like i beat you up and you're like man this is depressing this is not what i was hoping to hear i promise it was good stuff for you okay
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now i want to talk about where do these setups form so in your journal this is like a subtitle area for this video where do setups form okay think about that for a minute when you're looking for this idea that
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i'm sharing the fair value got where would you expect them to appear in price obviously i've been teaching you to run above an old high or relative equal highs and if you're bearish that would set up a scenario where the market
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goes up sweeps the highs breaks back down below the highs short-term lows taken out with displacement and then you go back through that displacement leg looking for a fair value guy to short into that's pretty simple logic isn't it well
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visually i want you to understand it okay so that way in your mind i do this exercise all the time with my students can you draw out with a diagram like if you were at work and you're trying to
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explain to your friend or co-worker what it is you're looking for in price now they're not going to understand what you're doing but how would you draw it out in price or in a napkin with a pen or pencil what would
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it look like well you have obviously a level of relative equal highs and we're just going to use that green line as an example of that and price is moving towards it small little correction or so it runs
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towards it again and then finally it runs through those relatively highs okay at that moment as soon as it goes above it you start panning back through all this price running here and find the nearest short term low
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because that right there is going to be your trigger it's not that it goes above this old relative equal high and then goes down below that that's not it folks that's not it you have to see it go
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below that and displacement with the energetic move take out a short term low that's how you filter out these trades that may not be high probability so that area right there as soon as you run above the relative equal highs in
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your mind you're looking for where's the trigger because until it takes out that short term low there's nothing going on there's no trade there there's no set up there then when there's displacement that displacement leg and price action
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that right there is your foundation to the setup that's it once you have that then you can go into that area and look for the fair value guy that's the logic that's the pattern that's what you're looking for this is if it's bearish now
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if those relative equal highs would have been traded through this morning i would have expected this scenario okay before it ran those relative equal highs i was looking for like down here price was trading down into that area i
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was showing you my interest today i'm watching this where it was likely to go down to this is kind of like the low in my mind i'm kind of using it as an example what i was expecting price to do once it
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got down into that fair value gap that i was saying i'm watching this that little arrow okay i showed that little gap i was expecting this type of movement to set up the run above those relative equal highs but there was no movement
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here to set up that run either so two scenarios that i would have loved to seen develop just did not pan out it just simply wasn't there now i'm going to teach you another approach and this is kind of like what i
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was expecting and had it panned out this morning if it would have gave the real setup which it did not i've already shown that that little fair value gap that i was waiting to see a response in it didn't do it
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just melted right through it but if it would have done this but this is going to be the cell version okay just reverse it for the going long idea if you have a old fair value gap above you
Speaker A
okay so you have an old fair value you got and the market's below it and it's trading up and you're bearish but you think it's going to go up that fair value gap the same logic when it trades up to the
Speaker A
relative equal highs once it trades into that fair value gap it doesn't have to completely close it if it trades up into it anywhere between here and here is good okay it trades above it you can really make
Speaker A
it simple and say okay the low of the fair value got treat that like the same logic that you use for the relative equal highs doesn't that make it simple and easy that way you don't have to worry about
Speaker A
how hard do i need to know you don't need to know that because you're waiting for something to happen what is that once it takes out the low of the fair value gap and trades in there you go
Speaker A
back through that leg and see okay here's what there's that trigger that's that shift in the market structure you're waiting for then you have the displacement leg so once you have that you can go back in and look for the fairway
Speaker A
okay so that's the two entry strategies for this model there's no other way of worrying about what does it look like this now visually this is what you're doing okay it's simple if it feels like it's not simple watch this
Speaker A
part of the video a couple times and then go back and look at price action in live data and in old back testing go back and look at old moves and you'll see this logic is there okay it's algorithmic it repeats
Speaker A
unfortunately today it didn't give me the setup to allow myself to sit down with you tonight and say okay this is what i did because i was going to trade it okay i was going to enter at the low
Speaker A
run the highs go short and write it down that way too i was going to do it but nothing panned out it didn't mean that the models broke it doesn't mean that the models broke it doesn't mean that i can't find winning
Speaker A
trades it just means that the market did not provide the structure to allow this to form does it result in a losing trade no because the logic wasn't utilized that would have put me in a losing trade it never formed
Speaker A
this right here reverse the logic here apply it that's the homework apply this logic here does this appear in the fair value that i was drawing your attention to this morning on the community post no and no one can manipulate and say it was
Speaker A
it just wasn't there folks so it's just a missed move and there's nothing you can do about it except for beat yourself up and say oh i wish i woulda coulda shoulda and that stuff doesn't make you money
Speaker A
and it doesn't take any more money out of your pocket so don't do it don't waste time doing that it's toxic thinking so hopefully i don't need to bring up all this negativity anymore and address any of it like this because i'm
Speaker A
never going to entertain it in a video again but i want to lay the foundation and provide my response to anybody that would think like this or say this whether they're trolling whether they are sincere whether they feel like they've been victimized okay
Speaker A
you've done that to yourself if you pushed a button and you entered trade you did that nobody in this community including me chief of all of them never told you to buy or sell anything you're never going to have instructions
Speaker A
where i'm telling you to buy or sell anything it's always going to be study this observe this watch this that's that's what i'm saying they're not code words for anything they're specific elements of study put your attention here watch and see
Speaker A
observe is there any characteristics repeating with the logic that i teach that's not trading okay that's not trade advice that's not investing advice that's not money management advice it's just practicing reading price action and that's how i teach
Speaker A
it might not be for you maybe you want me to drive around in lamborghinis and and lie to you about stupid stuff that ain't gonna work in the market that's just not what i'm gonna do that's not me
Speaker A
i do things in the charts that make sense i teach it it's transferable knowledge but you have to be prepared to receive it study it practice it and endure all these times where you look for something to be there
Speaker A
and it doesn't happen and then a move takes place that you've missed that's the test are you going to lose your mind because you missed a big move like today i used to do that when i was younger
Speaker A
and it got me nowhere but backwards don't live in your losses missing moves is a loss taking a monetary loss in the market is a loss taking a demo trade that's a losing trade that's a loss the mental impact on that
Speaker A
you have control over you can decide to amplify every bit of that or you can say you know what what can i take from this so that way i can never be hurt this much again by it because it
Speaker A
will repeat but you have to be able to condition yourself so that way when these knocks and trips and falls and setbacks when they occur i've been here before that way it doesn't completely derail you that's an important lesson and
Speaker A
unfortunately no one really touches that because they all pretend that they never make mistakes and they always catch the runs and i'm just not that kind of guy i'm honest i'm gonna tell you if that doesn't fit you again
Speaker A
change the channel until next time be safe
Topics:ICT mentorshiptrading mindsetbacktestingfair value gapJudas swingNasdaq tradingE-mini S&Pmarket patternstrading responsibilitycritical thinking
