This ICT's Speech will make you much better

Añadido: 2026-05-24

[00:00:00]And I've told everyone that's ever listened to me in the last 3 years, this is extremely hard.

[00:00:08]30 years I've been doing this.

[00:00:10]These candlesticks are not new to me.

[00:00:13]But the way the markets are behaving is and anybody that's been trading for a longer period than 2 years, 3 years, you know, some of you just now started.

[00:00:26]You have no idea what you're walking into and how much harder it is.

[00:00:33]Anyone that has been trading for a long period of time, and I'm saying, 5 years or more, I think that's a fair amount of time.

[00:00:42]You're not new.

[00:00:44]And you have seen market environments that are not like this.

[00:00:49]You know what I'm talking about. You know exactly what I'm referring to.

[00:00:53]>> [music] >> And it's not some kind of cryptic message.

[00:00:56]This market is behaving differently.

[00:01:04]It is going to be hard for you to learn in this environment, but learning in this environment will make you so much better. [music] So much better than it was for me.

[00:01:18]And we had well, by definition in terms of what we've seen in recent years in terms of volatility, it was like a snail's crawl.

[00:01:27]I mean, if you got three handles on the day, >> [laughter] >> you did well. That was a good move in the morning. Three handles.

[00:01:34]Three handles. People's stop losses are bigger than that now.

[00:01:40]But that's the way it was back then.

[00:01:43]But the volatility we have today needs to be respected because it can do wild stuff in a short span of time. And you'll be in that situation praying to a god you never believed in.

[00:01:55]But now, >> [music] >> you're reaching for him now.

[00:01:58]And your heavens will be like brass, and sometimes it'll be for people that are are believers in the same faith that I have.

[00:02:06]And you just want to get out of that situation. Oh oh God, please please please let this trade pan out for [music] me. Please please just let me not get stopped out on this one.

[00:02:16]I won't trade the rest of the week if I just get this one.

[00:02:19]Lying.

[00:02:23]And that prayer [music] gets unanswered because your heavens are like brass.

[00:02:29]What happens then?

[00:02:30]You look down.

[00:02:32]And a new idea comes to mind. You're going to plant the seed again [music] in that risk.

[00:02:37]But now, the ground's like iron.

[00:02:41]You can't turn the soil over.

[00:02:43]You can't cultivate it. You can't put a new trade on because why? Fear.

[00:02:48]Paralysis.

[00:02:52]What do you do in that situation? See, as a new trader, new developing student, you don't know what to do.

[00:02:58]So, what are you going to be left to do?

[00:03:00]Impulsive decisions. Well, let me just go in here and figure it out.

[00:03:06]I'll find my way through it. Yeah.

[00:03:08]Right on through another blown account.

[00:03:11]Well done.

[00:03:13]How many times do you have to do that before you would learn a lesson?

[00:03:18]I watch [music] people tweeting to others and me talking about doing that same thing in environments that I've said we're in low probability.

[00:03:30]They're trying to pyramid. [music] They're trying to trade with larger leverage. They're trying to trade every session every day.

[00:03:36]Trying to trade every macro.

[00:03:39]ICT said between between this time and this time there's going to be a move.

[00:03:41]I'm getting in and I'm doing it.

[00:03:43]Okay.

[00:03:44]You have to have some kind of premise to be acting on.

[00:03:49]You don't know what you don't know what to expect.

[00:03:52]You're new. You have no idea what you're doing.

[00:03:54]Trying to engage in an environment that I'm not willing to touch myself.

[00:04:02]So, what is that teaching you about yourself?

[00:04:04]You're reckless.

[00:04:07]You're reckless and you're impulsive.

[00:04:09]Are you willing to observe that and identify it?

[00:04:12]If that's who you are that's listening to me, are you willing to let yourself identify that weakness in you?

[00:04:23]Trust me, it's okay to identify weaknesses. You want to do that in the comfort of a demo.

[00:04:32]That's why I teach like this, folks.

[00:04:34]You have no idea who you are.

[00:04:38]You're going to get in these markets and think you're >> [gasps and sighs] [snorts] >> Well, I was going to say John Wayne, but that really dates me now, doesn't it? But, >> [laughter] >> you think you're John Wick. There you go. You think you're John Wick. You're going to go out there and get your ass whipped.

[00:04:55]And you get frustrated.

[00:04:58]Oh, I'll just reset my account.

[00:05:00]It's only $100 or so. And I was going to do the same thing I just did because all I did was entered too early or too late. Or I put my stop loss in the wrong position.

[00:05:09]Wrong. You're trading in an environment that's not conducive for high probability, but you can't see that. You can't recognize that because you're not listening when the guy that's talking to you is telling [music] you these things in advance.

[00:05:21]He's taking a road trip.

[00:05:24]1,100 mi away.

[00:05:28]Not touching the market, but you're in there blowing your funded account.

[00:05:35]What's Where's the logic in that?

[00:05:38]But, ICT, you're not the only one that can find profitable trades. You're right.

[00:05:42]But, why are you trying to push with my concepts in an environment I'm not trying to touch.

[00:05:49]I've already said it, if you win, it's coincidence.

[00:05:53]And I know it's painful for some of you to hear that.

[00:05:57]Like there's no way it's not it's not coincidence, it's skill.

[00:06:00]I'm a monster. I'm I'm being I'm being made into a monster. So like you said you said I was going to be a monster.

[00:06:07]Yeah, okay.

[00:06:10]But you don't want to wreak havoc on your own account.

[00:06:16]Like Godzilla stomped around in Tokyo destroying everything. That's your equity curve. You just dis- just totally dismantled it.

[00:06:23]In a short span of time in the last 2 weeks, how much damage have you done?

[00:06:29]Not me.

[00:06:31]Not your broker.

[00:06:33]Not the method or the concepts. How much damage did you do?

[00:06:38]I don't know.

[00:06:40]That's a roll call for responsibility that nobody wants to take initiative and stand up and say, "Yeah, I did it."

[00:06:47]But the ones that are ready to do that, they're ready to learn.

[00:06:53]I ignored it, too. I tried to find some kind of external reasons why I was failing as a young man. And I promise you knowing what I know now looking back, it was always me.

[00:07:05]There was no other contributing factor.

[00:07:08]It was me.

[00:07:12]And when you come to grips with that, and you accept it, it's liberating.

[00:07:17]Because then and only then can you start fixing the issues.

[00:07:22]But you have to be able to identify them and stop ignoring them or pretending they're not there. That's the reason why you're not finding success.

[00:07:31]You're arm wrestling things that need to be dealt with in you, the person.

[00:07:37]Every single one of my failed students [music] are failures because they themselves won't listen.

[00:07:45]Because if what I teach is flawed logic, it wouldn't be the fastest thing spreading all over the industry in terms of trading. People would [music] not be passing all these funded accounts, getting on leaderboards, taking wild withdrawals from their efforts [music] doing it.

[00:08:01]They would all be failing, wouldn't they?

[00:08:06]What are they doing differently? They're taking it serious.

[00:08:10]They're treating it like a business.

[00:08:12]They're not in here gambling.

[00:08:14]They're not in here thinking, "Well, all I got to do is reset the account.

[00:08:18]All I got to do is pay the 100 bucks reset.

[00:08:21]If I get an affiliate program, I can do it and I don't have to have uh pay for the resets."

[00:08:29]Think.

[00:08:32]Where are you in all that?

[00:08:35]You have to find yourself and I can't do it for you.

[00:08:39]No mentor can. No teacher can do that.

[00:08:43]You have to allow yourself the time to find out who you are, how you're going to derail yourself.

[00:08:52]And you will.

[00:08:55]And you'll know right when it's about to happen.

[00:08:58]And that's why you're supposed to journal.

[00:09:01]And for the person that don't want to journal, "Oh, I ain't got time for journal, man.

[00:09:07]I got money to make, man. I ain't got time to journal. I ain't writing books."

[00:09:11]I guarantee you these people don't make money.

[00:09:13]Not consistently.

[00:09:15]I promise you they don't make money.

[00:09:22]Every high-tech position in the world, all of them, keep data on their performance, KPIs.

[00:09:34]Every industry, every every food producer, every commodity manufacturer producer, any kind of company.

[00:09:47]They all have performance stats.

[00:09:49]That means they're doing what? They're journaling.

[00:09:54]Now, for the folks that don't want to journal in their trades and their development, doesn't that make you feel stupid?

[00:10:02]Like you're going to walk through this no real effort. It's just going to fall in your lap.

[00:10:10]It's going to be easy.

[00:10:11]Why do that? I ain't got to spend time writing in journals. I can't make money on those old moves anyway. Why would I Why would I even want to do that?

[00:10:18]You're going to continuously work the rest of your life.

[00:10:22]And you're going to be even more miserable because you won't find success in this.

[00:10:28]And you won't be successful in your job.

[00:10:31]And you'll be miserable.

[00:10:33]The rest of your life you've you've been relegated to the shared desk with Carl.

[00:10:39]Imagine that.

[00:10:41]The last thing you see before retirement is him smiling saying, "I told you you'd never get out of here."

[00:10:49]>> [sighs] >> There's going to be times when your heavens are like brass and the ground you stand on is going to be like iron.

[00:10:57]What do you do?

[00:10:59]You take a road trip, baby.

[00:11:00]>> [music] >> You take a road trip, you go on a fishing trip, you go into your hobbies that are outside the marketplace.

[00:11:06]Pour your time and attention into your family or your friends apart from the market.

[00:11:11]It's good.

[00:11:13]It's good to do it.

[00:11:15]It allows you to recalibrate and reset your mindset.

[00:11:20]And you give yourself permission to forgive yourself for not doing it sooner.

[00:11:29]I'm not obligated to do any of this for you.

[00:11:32]Just like you're not obligated to trade every day.

[00:11:36]Have you ever given yourself permission?

[00:11:37]So, I'm giving it to you right now. You have my permission as your mentor to not trade every day.

[00:11:43]In fact, that should be a goal for you.

[00:11:47]When you make money and you're new, stop.

[00:11:52]Let the week close in profit.

[00:11:54]That's a skill set. It's teaching patience. It's teaching enough to be content with enough.

[00:12:02]But ICT was only $1,100. I could have made Right, but did you make $1,100 at your job after taxes?

[00:12:09]No.

[00:12:12]So, why are you going to risk it?

[00:12:16]You're not skilled yet.

[00:12:18]You're finding yourself.

[00:12:20]You have to continuously instill this cheerleading mindset as you're going up in who you are eventually going to be in the as a trader. You have to cheerlead yourself.

[00:12:33]You have to do that through journaling.

[00:12:35]Spend time looking at when you got it right.

[00:12:40]You're going to need those times.

[00:12:46]You're going to doubt yourself. [music] You're going to doubt your future performance.

[00:12:51]If you try to trade every single day and you start going in the drawdown, here's another permission.

[00:12:58]You don't have to fix your drawdown right now.

[00:13:01]What?

[00:13:03]Yeah.

[00:13:04]You don't have to. Who says you have to do it right now? Who says you have to fix the drawdown and bring it completely back this week or this month? Who said that?

[00:13:12]You did.

[00:13:14]Or the people you hear others on social media crow on about. Oh, this and that.

[00:13:20]Who's running your business?

[00:13:22]Them or you?

[00:13:27]Think.

[00:13:29]Because if you're letting other people on social media impact your decisions about when and how you're going to trade, you're not running your business.

[00:13:41]If you're not running your business, who is?

[00:13:46]The people that don't care about it.

[00:13:50]And if they don't care about your business, believe me, >> [music] >> they only care enough to see it fail.

[00:13:56]There would be nothing more pleasurable for them to see you fail and go on social media and complain and bellyache.

[00:14:02]Oh, what did you do to myself?

[00:14:07]And they feel great about themselves because they're failing [music] in privacy.

[00:14:16]So, when your heavens are like brass and you can't find your way out of a position you're in in terms of profit, close the trade.

[00:14:25]As soon as you recognize that you feel like you got to pray for the outcome of that trade to be different than what you think is already going to happen, cuz you know you're looking at the charts, you see it.

[00:14:37]Something in the underpinnings of the marketplace have shifted.

[00:14:43]You recognized it and now your conscience is telling you it's time to hit the exit ramp.

[00:14:50]Just don't take the exit in South Carolina God I did.

[00:14:55]You have to stop, remove yourself from the risk, and walk away from it.

[00:15:04]And it doesn't mean immediately look for another pair or another market to trade and try to plant yourself in risk again because the ground you're standing on is now iron.

[00:15:18]You can't turn the soil over and place good money in terms of seed for risk and expect to get the results that you didn't make up in the first trade.

[00:15:30]Why? Why why not do that? Because your mindset is now distorted because you feel performance anxiety.

[00:15:42]You put on a trade, it didn't work for you. So now as a young man, especially, I noticed the ladies that are students of mine, they they they generally don't have this >> [music] >> characteristic in them.

[00:15:54]Like they they're willing to accept they're wrong.

[00:15:57]They don't like when they lose money.

[00:15:59]That's the thing they don't like. Where men, they don't like losing, but they don't mind taking on big losses.

[00:16:07]They don't like the aspect of it being wrong.

[00:16:12]So there's a we may be arguing semantics and I guess some of you could you know, present that as an argument, but I don't see it that way. I see it as the men, they have this they want to be they want to be right.

[00:16:31]Women, not so much. They don't they don't they don't care about being right.

[00:16:33]They don't want to lose money.

[00:16:35]Where men, they don't care about losing money. They could lose money as long as they end the day being right.

[00:16:41]They can go down in severe drawdown and come back.

[00:16:45]Yeah.

[00:16:47]Look what I was able to do. I was down 38% in the intraday.

[00:16:51]Took 16 trades, but the last two, I got it all back, baby. Woohoo. Holla.

[00:16:59]And the ladies in my fold, do not ever want to go through major drawdown like that, and [music] they don't care if they're wrong.

[00:17:10]So, where are you in that spectrum?

[00:17:17]Where are you that mindset?

[00:17:23]Some of you don't know.

[00:17:24]You haven't been doing it long enough.

[00:17:29]And that's why it takes a lot longer to learn this than everybody else promotes it to be.

[00:17:37]You can be so successful. Live the life of your dreams. It's Lambo lifestyle.

[00:17:45]But none of them are telling you the adversities that you're going to go through.

[00:17:50]They're not going to tell you how to deal with it.

[00:17:54]What's permissible?

[00:17:56]What's realistic?

[00:17:59]Five handles.

[00:18:00]Not 200 to one.

[00:18:02]Our multiple setups.

[00:18:06]Everything I teach you is meant to meet the practical expectations of >> [music] >> meeting ends.

[00:18:17]Eating one bill a month.

[00:18:19]Whatever the lowest bill is, that's what you aim for first.

[00:18:25]But something happens.

[00:18:28]Something happens in your mind when you when you first start dealing with these charts and you're demoing or you're rushing through that part by [music] never doing the demoing, which is to teach you you.

[00:18:43]You're learning who you are in demo.

[00:18:46]That's why I can't [music] stand these neophytes out there pretending to be mentors telling people you can't learn how to trade with a demo. You got to put some money You got to put some skin in the race.

[00:18:57]Um okay.

[00:18:59]I've done that.

[00:19:00]And it fails [music] miserably. And it gives you all of these anxiety-inducing things that you would never have had if you wouldn't have did that.

[00:19:11]I didn't know the mistakes I had in me and capability of me screwing it up because I never [music] risked real money before as a younger man. I jumped in way sooner than I should have.

[00:19:26]I literally did like two, three weeks of just backtesting paper trades.

[00:19:31]That's it. And I did one walk forward, I think a week or maybe a week and a half at most, not even two weeks.

[00:19:36]And I convinced myself I was ready to put money into a live account. $2,600 on a NationsBank, which doesn't exist anymore, NationsBank credit card.

[00:19:48]Now, tell me the sense in that.

[00:19:52]Zero.

[00:19:54]And it's no surprise my first trade was impulsively in a market that I was never really interested in, orange juice. It's too thin.

[00:20:03]It wasn't even seasonally, looking back at seasonally, it was not even in a position where to do anything.

[00:20:12]And I traded in a vehicle I had no experience in, options.

[00:20:17]But I had to do it. I got the account open. It's been two days. I better take a trade.

[00:20:24]And overnight 50% of the account gone.

[00:20:27]Not the account, but the the options premium. I paid $1,500 for orange juice option, which is extremely expensive.

[00:20:35]So, I bought an overvalued option. I didn't know it.

[00:20:40]And overnight lost $750 of that option premium.

[00:20:45]And then closed the account that day.

[00:20:49]Wonderful lesson.

[00:20:52]Perfect illustration of what not to do.

[00:20:58]>> [sighs and gasps] >> I wish we had demos back then.

[00:21:02]We had to do everything on paper, write it down in a notebook.

[00:21:06]That's how we did it.

[00:21:08]Make our own charts. We had to draw the high, the low, the open, the close tick on every single chart.

[00:21:14]If we traded it or what monitored it, that's how we did it.

[00:21:18]You have no idea the advantages that you have today, but you won't use them.

[00:21:25]You're trying to rush through still.

[00:21:28]Don't learn how to trade with a demo account. Learn the broker with the demo and then go in with real money, even if it's a little bit of money. That's someone that is absolutely not making money consistently and they don't know how to trade and you should not be listening to them and I don't care who they are, how many people follow them and how much they're liked right now. I don't care and you can hate me, I don't care.

[00:21:47]That's real.

[00:21:50]Because that's someone that doesn't even know what they're talking about.

[00:21:58]You have so many things going on in your mind that you're going to bring to this that are going to derail you and you have to know what they are and you cannot discover that with out pain and loss or building in fear, anxiety inducing concerns for your equity.

[00:22:23]With live money, you do that, you're going to be scared money.

[00:22:28]In the beginning, my second account I opened up, I was terrified.

[00:22:36]Yeah, yeah, yeah. I worked two jobs, pizza delivery, everything I could.

[00:22:42]Picked up cans, turned them in, redeemed them for money. I did all that stuff, folks.

[00:22:47]I did all of that.

[00:22:49]Walked down streets picking up soda cans, beer cans, all [music] that stuff.

[00:22:52]I did that just to get whatever I could scraped up.

[00:22:57]So, don't talk to me about you don't know what it's like, ICT. [music] You don't know what it's like.

[00:23:04]You don't know what I did. You don't know what I went through.

[00:23:08]But that second account, I was terrified.

[00:23:13]Terrified.

[00:23:14]I was afraid of every possible entry.

[00:23:17]And you're wondering, why the hell does ICT have all these concepts? Because I had to cope with it.

[00:23:25]I wanted to have an arsenal. My [music] weakness was fear of knowing when to get in.

[00:23:30]Bro, let me tell you something.

[00:23:32]I got 81 ways to get into a trade.

[00:23:35]81. And that's why these jokers on the internet will say, "Oh, he's got something always explain why the market is You're damn right I do."

[00:23:44]I know it like the back of my hand, but I also know when it's likely to slap me around.

[00:23:49]I'm not playing.

[00:23:51]No, thank you.

[00:23:52]I've been there before. You haven't.

[00:23:54]You're too new. You don't even know what it looks like. But I'm sharing that experience with you.

[00:23:59]I'm allowing you to find yourself in a closed-circuit environment where you are not incurring monetary risk. That's why I teach with a demo. That's why it's [music] the best way to learn. That's where you need to learn in a laboratory experiment setting where you cannot lose money and [music] build anxiety-inducing mindsets that's going to be a prevention to you finding success.

[00:24:23]How much plainer do I have to make it, folks? Stop listening to these kids pretending to be money millionaire mentors, okay?

[00:24:33]They literally just graduated school.

[00:24:35]They probably dropped out of college.

[00:24:37]They have no idea what they're talking about. The only money they got in their accounts is from whatever they sold.

[00:24:43]Whatever their affiliate programs are.

[00:24:45]Their multi-level marketing garbage.

[00:24:48]They're not trading. They cannot trade.

[00:24:50]They will not show you what the market's going to do. They cannot do it.

[00:24:54]So, why the hell are you listening to their advice?

[00:24:57]Because you see them pretending with their pomp, their rented cars.

[00:25:04]I own my cars.

[00:25:07]I own my home.

[00:25:09]There's no note on my cars. There's no note on my homes. And I show you where it's going to go. I execute on it and I use the logic.

[00:25:17]And I'm telling you when it's not right for me, by example, I stopped. I walked away.

[00:25:26]I think.

[00:25:28]Who do you want to learn from?

[00:25:31]Somebody that can walk the walk and talk the talk and press stop and know why and have no concerns for Oh, I might miss something.

[00:25:43]I don't have any fear of missing out.

[00:25:46]You never hear me say, "Whoa!

[00:25:49]Why did that happen? Why did that slap in the ES just happen?"

[00:25:56]No.

[00:25:57]Uh-uh. I'm not surprised by that.

[00:26:01]But I can go into a week where I'm expecting certain things to happen and they don't manifest.

[00:26:08]Okay. I'm not surprised by that. I'm just not interested.

[00:26:13]See the difference there?

[00:26:15]That's experience.

[00:26:17]That's 30 years, baby, of doing the same stuff all the time expecting the ex- pected results at the end of it. But if it's going to show me signatures that are not supporting what I'm teaching you, that's not an invitation for you to find a new way of doing it.

[00:26:38]All these new guys and gals out there trying to reinvent the wheel. I've already gave you the wheel.

[00:26:47]You have to build the car on top of it.

[00:26:52]And some of you don't want a Lamborghini.

[00:26:55]Some of you are just okay with a pickup truck, a Volkswagen, a Jeep, or even Well, I won't go there.

[00:27:07]>> [laughter] >> What was he going to say? What was he going to say? I speak. Please tell me what you're going to say. No, I'm not [music] going to do that.

[00:27:17]But there is a learning curve to this that nobody really expects to exist until they step into it.

[00:27:26]And they don't like it.

[00:27:28]It's a reminder to them that everything worth doing requires a lot more effort than you thought it was going to take.

[00:27:39]There is no shortcuts to this, folks. I am the shortcut. I promise you, even though it seems like it's long-winded all the time, this is the shortcut.

[00:27:48]You cannot make it simpler than this.