00:00:11
give me a second give me a second no no
00:00:13
no
00:00:14
no
00:00:16
you thought you would get away from me
00:00:18
this time didn't you
00:00:20
little
00:00:28
yeah baby
00:00:31
no food
00:00:34
no water
00:00:41
all right
00:00:43
Boogie
00:00:46
Boogie finally let me hit so I got some
00:00:50
some new energy in me
00:00:54
ain't that right Boogie
00:01:00
I'm not ready for round two
00:01:02
I'm not ready for round two Boogie I'm
00:01:07
not ready for round two
00:01:10
I'm not stop licking your lips
00:01:13
I'm not ready yet
00:01:16
you took it all out of me Boogie
00:01:25
look at him he wants it
00:01:29
anyways all right
00:01:32
let's get down to business
00:01:35
to defeat
00:01:37
the Huns y'all remember that y'all
00:01:39
remember that song from Mulan
00:01:42
he said let's get down to business
00:01:48
[Music]
00:01:50
be a man you must have the strength of a
00:01:53
raging River
00:01:55
mysterious as the Dark Side of
00:01:58
the Moon
00:02:04
oh
00:02:06
all right let's get started
00:02:16
can you even read that I can't even read
00:02:19
that bro
00:02:20
can y'all read what that says bro
00:02:26
barely bro I hope this turns out I can't
00:02:29
even read that on that
00:02:31
can't even read it
00:02:34
don't look at my jawline
00:02:41
oh [ __ ] all right
00:02:43
okay guys welcome to the first step at
00:02:49
turning into a profitable Trader
00:02:53
everything that I've been teaching you
00:02:54
before this
00:02:57
was a lie
00:02:59
okay I was lying I was lying to you
00:03:03
today we are going to teach you
00:03:20
support and resistance I'm
00:03:22
[Laughter]
00:03:29
serious
00:03:34
did I get ya did I get that little
00:03:37
little guy
00:03:40
foreign
00:03:44
sometimes I will re-watch these YouTube
00:03:46
videos and I'm like what was I on
00:03:51
and let's do it again
00:04:25
whoa
00:04:38
whoa you can literally see my
00:04:41
whoa that was serious that was serious
00:04:44
okay now we have to start after that
00:04:47
that was absurd
00:04:50
wow whale tail arch in the back all
00:04:54
right so in all seriousness today is how
00:04:57
to pretty much I I gave you guys like an
00:05:00
outline of how you guys should outline
00:05:01
your trading plan
00:05:03
to make it so you you can't [ __ ] up okay
00:05:08
like this is this is a
00:05:10
like a foolproof idiot
00:05:13
you guys proof plan you just need a
00:05:16
pencil and a paper Okay so pull it out
00:05:19
all right and we'll Jump Right In okay
00:05:21
so this is your gonna be your trading
00:05:22
plan mock-up
00:05:24
okay
00:05:25
and we're just gonna go through the
00:05:26
steps together and as I'm asking these
00:05:29
questions you're literally going to
00:05:31
write down like
00:05:33
you know like oh I have to add one
00:05:47
I knew I was missing something
00:05:50
okay now we're done
00:05:52
okay so this is the this is the mock-up
00:05:55
of kind of
00:05:58
you know like what I'm
00:06:00
what I'm expecting you guys to make your
00:06:04
your little thing look like your trading
00:06:07
plan okay so the first thing you want to
00:06:08
start with is obviously risk management
00:06:10
that's one of the most important things
00:06:11
for this
00:06:12
Okay so
00:06:14
first we want to pre-designate our risk
00:06:16
so we know what we are risking every
00:06:19
single day
00:06:20
we know exactly how much we're losing we
00:06:22
know exactly how much like we know
00:06:24
exactly how much we're going to lose so
00:06:26
when we lose it we're not crying like a
00:06:27
little baby like all of you guys you
00:06:29
know breaking your [ __ ] and screaming
00:06:31
here Mommy
00:06:33
okay we're done with that all right what
00:06:36
is our pre-designated risk are you going
00:06:38
to use a set lot size
00:06:40
and I can and I'll make a video on this
00:06:43
later
00:06:45
okay we're just going and again like
00:06:47
that you guys shouldn't necessarily be
00:06:49
like trading yet because we haven't even
00:06:51
gone over strategy and how to put
00:06:53
everything together
00:06:54
okay yes maybe some of you guys like
00:06:56
have watched my stuff before and you
00:06:57
guys will understand this but for the
00:06:59
peop the people that started at the
00:07:01
Baseline
00:07:03
are you going to want to use a scent lot
00:07:05
size so you don't have to calculate it
00:07:06
every single time that's what I use I
00:07:08
use multiple set lot sizes based on how
00:07:10
how
00:07:12
like my risk allocation for the day so
00:07:14
there's like
00:07:16
high risk regular risk and low risk I
00:07:19
have three set lot sizes that I kind of
00:07:20
cycle between that I determine on you
00:07:23
know like what I'm using for the day and
00:07:24
that'll be a whole separate video maybe
00:07:26
that'll be the next psychology days
00:07:28
video
00:07:29
okay or are you going to use a
00:07:31
calculated lot size meaning you're
00:07:33
literally going on a law size calculator
00:07:35
typing in your account balance typing in
00:07:37
the percent that you want to risk typing
00:07:39
in your pip your stop loss in Pips and
00:07:42
then it spits out a lot size and then
00:07:44
you enter that into your metatrader and
00:07:45
you enter that's what most people do and
00:07:48
that just takes a little bit too much
00:07:50
time for me and I and I've gotten really
00:07:51
good at guesstimating what my lot size
00:07:53
should be based off of how my stop loss
00:07:55
looks a lot of you guys should use a
00:07:57
calculator lot size a lot of you guys
00:07:59
shouldn't use a predetermined lot size
00:08:01
because you won't know what you're
00:08:03
risking
00:08:05
what else do we have to do to
00:08:06
pre-designate our risk so we got the lot
00:08:08
size down we know the monetary value and
00:08:11
then also how many trades are you taking
00:08:13
I recommend one trade a day that's what
00:08:16
I do one trade a day sometimes I'll take
00:08:18
two but when I take two I also
00:08:21
understand my risk I usually know that
00:08:23
I'm willing to take two that day and I
00:08:25
de-risk on both those trades so it
00:08:28
pretty much equals out to the to the
00:08:30
risk of one trade I'm only willing to
00:08:32
risk so much money for one day
00:08:35
I know the amount of money that I'm
00:08:37
willing to risk for each day and if I'm
00:08:39
taking two trades those two trades will
00:08:41
add up to that risk for the day if I'm
00:08:43
taking one trade that one trade will add
00:08:44
up to that risk for the day so I know
00:08:46
what I'm risking day in and day out
00:08:48
and you guys need to do the same
00:08:50
okay so write down what loss are you
00:08:53
going to calculate your lot size every
00:08:55
single time what are you risking every
00:08:56
single day what is the monetary value
00:08:58
that you're willing to risk every single
00:08:59
day how many trades are you taking a day
00:09:01
and this isn't to say don't say five
00:09:04
trades because you're going to lose all
00:09:05
[ __ ] four of them and loot and win
00:09:07
one
00:09:08
okay I would say one to two trades a day
00:09:12
that are high probability
00:09:14
quality setups
00:09:17
okay moving forward right so figure out
00:09:20
are you going to calculate your lot size
00:09:22
if so what are you risking every single
00:09:24
day how many trades you're taking write
00:09:26
that down
00:09:27
that's the first thing in your training
00:09:28
plan I am risking a hundred dollars a
00:09:32
day while taking one one trade don't
00:09:35
don't say one to two I can say one to
00:09:38
two because I actually have my emotions
00:09:40
under control you guys should literally
00:09:42
just stick to one for now
00:09:43
I I am I am risking 100 every day while
00:09:48
re while taking one trade a day period
00:09:51
move on and make sure this [ __ ] is out
00:09:54
in front of you while you get ready to
00:09:56
start trading every single day
00:09:58
moving forward when are you trading
00:10:00
identify the times that you are trading
00:10:03
and I don't want to hear
00:10:05
um I kind of just trade when I in my
00:10:08
free time idiot you think professional
00:10:10
Traders can just sit at their damn
00:10:12
computer like you guys do all [ __ ]
00:10:14
day and trade bro I come into these
00:10:17
markets murder it for the first hour and
00:10:19
a half and then leave
00:10:22
I designate my trading times because
00:10:24
guess what that's how a job Works no one
00:10:27
no one that is a professional at this
00:10:28
says
00:10:31
um yeah like sometimes I do Asian
00:10:34
session New York and London session
00:10:36
other times like bro they have
00:10:38
designated times that they trade
00:10:41
I trade New York Stock Exchange open
00:10:45
some that's the am session some people
00:10:47
trade New York Stock Exchange PM
00:10:48
sessions some people trade Asian
00:10:50
sessions terrible session to trade if
00:10:51
you ask me some people trade London
00:10:53
session open some people's trade London
00:10:55
session clothes going into New York
00:10:57
Stock Exchange open
00:10:59
understand what works for your time zone
00:11:01
what works for your sleep schedule what
00:11:03
works for your work schedule and treat
00:11:05
this like a [ __ ] job designate your
00:11:07
time
00:11:08
what session are you Trading
00:11:10
once you've figured that out once you
00:11:12
understand what session you're trading
00:11:13
so for me it's New York Stock Exchange
00:11:15
open I take a trade within the first
00:11:17
hour and a half
00:11:18
of New York Stock Exchange and if I
00:11:20
can't find a trade I'm not taking it
00:11:21
that doesn't mean I close my trade after
00:11:23
the first hour and a half of the session
00:11:24
that just means I have to be with it I I
00:11:27
have to be in a trade or else I'm done
00:11:30
okay when are you training after news or
00:11:33
on news at all are you the type of
00:11:35
person that that likes trading on news
00:11:37
not CPI not NF NFP not fomc not PPI not
00:11:42
the high impact news not the news that
00:11:44
[ __ ] up the market we're talking about
00:11:46
just like the regular red or orange
00:11:48
folder News that you read the bias on
00:11:51
figure it out and if it plays into your
00:11:53
bias you can take a trade or do you want
00:11:56
to just be a super probable and high
00:11:58
profitability Trader and not trade on
00:12:01
high impact news at all maybe you're
00:12:02
still learning and you just want to
00:12:04
completely avoid news altogether that
00:12:06
will get keep your win rate very high
00:12:09
when you're starting that will give you
00:12:11
an insane win rate
00:12:12
why wouldn't you want to do that because
00:12:14
you're a little [ __ ] addict to
00:12:15
trading stop that
00:12:17
this is to this is to stop that this is
00:12:19
to turn this into a hobby into a
00:12:21
profession
00:12:22
I wasn't [ __ ] lying when the like I
00:12:24
technically wasn't lying when I said
00:12:26
like this is like the first [ __ ] like
00:12:27
get you into shape [ __ ] vid
00:12:31
okay so when are you trading you know
00:12:34
what session you're trading know what
00:12:35
time frame you know what time you're
00:12:37
going to be Trading
00:12:38
are you going to be trading after news
00:12:40
or on news at all
00:12:43
write it down
00:12:45
if news Fox [ __ ] up the market I'm done
00:12:48
for the day if news causes literally
00:12:49
draw it out to like the PIP if news
00:12:52
causes like a five or if news causes
00:12:55
like a five-point Spike within five
00:12:58
within a five minute candle on news and
00:13:00
also this is just like me saying this
00:13:03
randomly okay you determine this
00:13:04
yourself because I don't even know okay
00:13:06
so if news causes like a uh you know
00:13:09
five point
00:13:10
Spike within five minutes are you going
00:13:13
to be willing to trade that day or are
00:13:15
you going to opt out
00:13:17
write that down
00:13:19
we want to limit
00:13:21
extra trades we want to limit extra risk
00:13:24
we want to limit low probability and
00:13:26
that's what a trading plan does
00:13:28
we get to the point where this is
00:13:29
robotic day in day out this is how we
00:13:32
become emotionless
00:13:35
moving forward what are you trading are
00:13:37
you trading the S P 500 are you trading
00:13:39
NASDAQ are you trading us 30 are you
00:13:43
trading a 4X pair are you trading
00:13:45
Commodities are you trading crypto
00:13:48
write down what you are trading most of
00:13:50
you guys should only be sticking to one
00:13:52
pair
00:13:53
whether you want to stick to just the S
00:13:55
P 500 whether you really just like
00:13:57
trading GJ whether you really just like
00:13:59
trading gold
00:14:01
I'm sick and [ __ ] tired of seeing
00:14:03
little [ __ ] kids in my Discord trying
00:14:06
to take trade 10 pairs at a [ __ ] time
00:14:09
when they can't even Master [ __ ] one
00:14:12
of them you are unprofitable and you're
00:14:15
trying to trade 10 [ __ ] pairs these
00:14:19
are 10 different marketplaces you're
00:14:21
trading the S P 500 which is the [ __ ]
00:14:24
U.S index you're trading gold which is a
00:14:26
commodity a [ __ ] precious metal and
00:14:28
then you're also trying to trade Bitcoin
00:14:30
during Asian session over the weekend
00:14:35
are you stupid bruh choose one and leave
00:14:40
it at that and once you turn profitable
00:14:42
that one add another
00:14:44
because anything on top of one you're
00:14:48
adding lower probability you're adding
00:14:50
risk and you're adding [ __ ] hardship
00:14:53
to your trait trust me bro I've been
00:14:55
through this [ __ ]
00:14:57
I've been through it already
00:15:00
what are you Trading
00:15:03
write it down
00:15:04
so that and then and then once you write
00:15:06
it down delete your whole [ __ ] watch
00:15:09
list full of 34x pairs full of the
00:15:12
[ __ ] Mexican peso against the [ __ ]
00:15:14
Indian rupee bruh
00:15:17
ha
00:15:18
some of y'all love that [ __ ] delete it
00:15:22
choose one and master it
00:15:26
because the all these markets move
00:15:28
differently once you get a good feel for
00:15:30
a pair you wonder why you wonder why I
00:15:32
trade the s p you wonder why I trade
00:15:34
gold you wonder why I've trade the pound
00:15:36
versus the Yen and you wonder why trade
00:15:38
gu
00:15:39
LL I've been trading gu for five [ __ ]
00:15:42
years I've been trading GJ for four
00:15:44
[ __ ] years I've been trading gold for
00:15:45
three years and I've been trading the s
00:15:47
p for four years
00:15:49
I have years of experience with all of
00:15:52
these before that I was only only
00:15:54
Trading
00:15:56
where is this why is it not letting me
00:15:58
click
00:15:58
before all that [ __ ] I was only trading
00:16:01
GJ before I even before I even was doing
00:16:04
the s p I was only doing GJ
00:16:07
before that when I was unprofitable I
00:16:09
was trading gold and I was trading GBP
00:16:10
USD together
00:16:12
now I look at them because I'm a [ __ ]
00:16:14
good Trader and guess what I can win off
00:16:16
them
00:16:17
but when did I add them once I turned
00:16:19
profitable with just GBP JPY
00:16:24
choose one pair and stick to it
00:16:26
understand it and it will increase your
00:16:29
probability within the market
00:16:31
perfect now that we all got all that
00:16:34
[ __ ] down we know what our risk is we
00:16:37
know when we're going to trade we know
00:16:39
what we're going to trade now how the
00:16:41
[ __ ] do we trade how the [ __ ] do we
00:16:43
enter
00:16:44
here we are
00:16:45
what are our confluences all the
00:16:48
building blocks and this is going to be
00:16:50
difficult for us to write down right now
00:16:52
when we start doing putting it all
00:16:54
together and we're gonna have another
00:16:55
one of these spreadsheets for for
00:16:56
tomorrow's video uh when we do the
00:16:59
putting it all together series type
00:17:01
thing
00:17:02
okay
00:17:04
when we when we put that there okay I
00:17:07
want you to figure out what confluences
00:17:09
you want to use and this may make take
00:17:11
time this may take back testing this may
00:17:13
take you know like maybe you test out
00:17:16
liquidity sweet break of structure
00:17:18
as one Confluence for like two weeks you
00:17:22
see okay write down your win rate right
00:17:23
right down like how how it felt were you
00:17:27
like write down your emotions for it
00:17:29
Journal Journal Journal Journal Journal
00:17:33
are you going to take a trade off look
00:17:34
what his sweet break of structure and
00:17:36
then a fair value Gap or or order block
00:17:38
entry maybe you want to wait for extra
00:17:40
confirmation maybe you know that this
00:17:43
works better for you because you can get
00:17:44
a better risk reward
00:17:46
that's what most people do
00:17:49
most of the time I want this to happen
00:17:51
unless I get a good risk reward off of
00:17:53
just the liquidity sweep and break of
00:17:54
structure
00:17:58
are you going to be super probable are
00:18:00
you going to be super risk adverse and
00:18:03
are you going to wait and are you going
00:18:04
to take a trade that is only aligned
00:18:07
with your daily bias that has a
00:18:08
liquidity Sweep with your daily bias
00:18:10
that has a break of structure all
00:18:12
aligned with that daily bias that's all
00:18:14
aligned with the overall trend of the
00:18:16
market because you know that's going to
00:18:17
be high probability because that's where
00:18:19
the market wants to go
00:18:22
me personally if I'm you that's what I'm
00:18:24
doing
00:18:25
I know
00:18:27
the s p what are we right now on the
00:18:29
daily we're bullish
00:18:32
what are we looking for we're looking
00:18:34
for buys if we can't find buys within
00:18:36
the market off a liquidity Suite break
00:18:38
of structure fair value Gap order order
00:18:39
block entry we're not taking the trade
00:18:41
if it's not during New York Stock
00:18:43
Exchange open within that first hour and
00:18:45
a half we're not taking the trade if
00:18:46
it's not on the S P 500 we're not taking
00:18:48
the trade if I don't know what my what
00:18:50
my set [ __ ] pre-designated risk is
00:18:53
right right when I wake up right when I
00:18:55
get ready to trade I'm not taking a
00:18:57
trade until I figure that [ __ ] out
00:19:00
and then at the end of it
00:19:03
you know what you're risking you know
00:19:05
when you're trading you know what you're
00:19:06
trading and you know exactly how to
00:19:08
enter
00:19:09
and you have that step-by-step plan and
00:19:12
the the rest is just
00:19:14
press
00:19:16
the damn button
00:19:18
and you did it
00:19:21
that's how you take a trade
00:19:24
you follow every single [ __ ] step in
00:19:26
your trading plan to the point where you
00:19:28
are a [ __ ] robot where you don't
00:19:30
enter off anything else you don't enter
00:19:32
off of you know you don't enter off of
00:19:35
oh fomo I think it's going to go higher
00:19:38
because of this this shut up
00:19:41
does it follow your trading plan
00:19:45
if no leave
00:19:48
if you already took your trade for the
00:19:50
day leave
00:19:52
if you already maxed out your pres
00:19:53
designated risks for the day leave
00:19:57
if it's a U.S [ __ ] bank holiday and
00:20:00
you can't trade the S P 500 and that's
00:20:02
the that's the pair that you trade leave
00:20:05
stop looking at other Forex pairs stop
00:20:08
looking at crypto stop looking at
00:20:11
commodities
00:20:13
if you don't get a liquidity sweep and a
00:20:16
break of structure and you're [ __ ]
00:20:17
all your confluences getting hit
00:20:20
don't take a trade
00:20:22
it's literally as simple as that this
00:20:25
dumbs it the [ __ ] down
00:20:27
this is foolproof it tells you exactly
00:20:30
what to do when to do it and how to do
00:20:32
it
00:20:36
and this is what's going to turn you
00:20:37
profitable is understanding this [ __ ]
00:20:40
and if you can't understand this
00:20:43
leave and don't try trading because you
00:20:46
won't make it far if you can't
00:20:48
understand this [ __ ]
00:20:52
so take a little screenshot of this [ __ ]
00:20:55
maybe paste it in your in your notebook
00:20:58
put it on your phone with like and write
00:21:01
out what what all your things are next
00:21:03
to these questions
00:21:04
okay and on tomorrow's video we'll talk
00:21:07
more about all of these entries
00:21:10
on how we can enter because before we
00:21:13
even get into the chart portion because
00:21:15
I know I know for a fact on day two of
00:21:18
putting everything together on the
00:21:19
putting everything together series
00:21:21
within this
00:21:22
y'all are going to be asking how did you
00:21:24
do this how did you do that how did you
00:21:26
do this how did
00:21:28
you we need day one first
00:21:31
we need to know what our confluences are
00:21:33
we need to know what our building blocks
00:21:35
are we need to know what they're used
00:21:36
for we got to do a recap of all of that
00:21:39
because maybe you forgot
00:21:42
okay
00:21:43
so with that being said you got your
00:21:45
trading plan you're getting real [ __ ]
00:21:48
close to getting this [ __ ] and getting
00:21:50
real [ __ ] close to getting to the
00:21:53
point where you have your strategy down
00:21:54
you have your trading plan down
00:21:56
hopefully your emotions and your
00:21:59
discipline and your mental has been
00:22:00
growing throughout all of this this was
00:22:03
your homework today by the way just
00:22:05
writing up your trading plan you were
00:22:07
you should have been doing this during
00:22:09
the video or maybe you just wanted to
00:22:10
watch the video and then do it
00:22:11
afterwards I don't care
00:22:13
okay
00:22:16
got it
00:22:18
cool
00:22:20
I'll see you boys tomorrow when we start
00:22:22
putting everything together talk about
00:22:23
the confluences talk about the building
00:22:25
blocks one more time talk about what
00:22:27
they're used for talk about how we want
00:22:29
to use them how we can enter within the
00:22:31
market how we can use certain building
00:22:33
blocks together
00:22:35
to take certain types of Trades it's
00:22:38
going to be a lot of information
00:22:39
tomorrow and it's going to be a lot of
00:22:40
information following with that putting
00:22:42
everything together at Series so
00:22:44
pop a [ __ ] Adderall [ __ ] snort
00:22:47
some I don't know I shouldn't say that
00:22:50
don't do that don't do that don't do
00:22:52
that
00:22:53
Focus up
00:22:55
that's all I meant to say
00:22:57
drink some water
00:22:59
drink some Gatorade
00:23:02
and strap it okay because we're gonna be
00:23:05
learning a lot tomorrow and the days
00:23:07
following when it comes to the trading
00:23:09
portions
00:23:10
that being said
00:23:13
that's all from me we'll catch you boys
00:23:15
tomorrow peace out stay safe I'm still
00:23:18
in San Diego I get back real soon all
00:23:21
right peace
