it doesn't matter how much you have at the start if you understand how to use compound interest compound interest in the hands of someone that's capable all you have to do is find something that repeats that's measurable just has a statistical probability of repeating more times than not in the future and you have a fixed position in terms of how much money you can lose now I'm saying that with quotations in here with my fingers okay because for purpose of cftc regulations and required risk consumers that I can't show you here past performance is not indicative future results and you can lose more than you have in your account putting that aside because that's reality you're opening yourself up to risk by having that specific number of handles of stop loss in my son's case I told him his model needs to be 20 handles that allows for a lot of wiggle room on a one minute chart it gives you a lot of women because if your setup's really there it's not going to around and go against you when the airbag gets traded into it's not going to rip through that 20 handles and still go the other direction that that's not happening okay that's not happening and you only have one chance so don't take my word for it go through the study of a 10 o'clock to 11 o'clock time interval and see how many times a fair value Gap trades down to it and rips through it 20 handles and then comes back up and still goes inside of that hour remember your execution has to be within 10 o'clock in the morning at 11 o'clock somebody gonna come in here look at this here it went back down to it at 11 15. so you're full of wrong you didn't listen you can't follow rules this is the reason why you're failing [Music] some of you don't need a dad you need to have your ask you need to be grabbed by the lapels and Shook and say listen to me you are not paying attention you're not listening to the videos you're asking me questions or pointing out things that I said in the first 10 minutes [Music] how on Earth how on Earth do you expect to beat these institutions that run this if you can't even pay attention to a lecture [Music] you have to block out all the you got to get focused dial the in it's not gonna happen overnight it ain't gonna be easy for a lot of you but once you get this understanding the work's over you just have to implement it but you got to have rules you have to have rules you have to stick to that Rules of Engagement if you don't stick to it you're gonna lose money and you're going to lose money to the degree where you end up losing your account and guess what happens then you have a hard decision do you start all over again or do you pack it in say it ain't for me if you have done the work of trying to trade okay if you tried to study how to trade and you tried to trade with money before you were ready and because you failed by trying to trade with real money and you do not have minimum six months of consistency with a rule-based idea using what I taught or anybody else's and you're saying because you lost money on a real account you're done you're quitting you're not a Trader you're doing the best thing for yourself you're absolutely making the best decision for yourself but if you have six months of real data where you follow the rule-based idea you were managing risk you're not doing your playing Cowboy you know maximum leverage and trying to see what happens when you do that maximum leverage shift number one you can't do that consistently with live funds and expect to survive it you can't nobody can do that as a new Trader you can't do it you're not going to be the person that does it okay and trust me what I'm telling you I'm telling you that with love and sincerity I'm not trying to tell you you're stupid or a I'm saying that you literally are not equipped to do that because if you've never made money with maximum Leverage and you've never seen that kind of profit come into your hands it literally causes you to go stupid like crazy like you think you see everything in a chart now and your impulsiveness and because you're hopped up you know that when I say you're hopped up on goofballs it's just a funny expression for me to explain to you that you've lost all sense of rational thinking you have that the feeling oh imagine you won the lottery and it was the 750 million or one billion dollar that they say that exists and you won that try to describe what that might feel you can't even come close to it because you're never going to be there but the person that would be there they're they're euphoric they're out of their mind and that feeling because you've never been there before will make you think that you are better than you really are and you're going to go on there and do the same thing again when they're in a setup somebody with a rule-based idea a rule-based protocol to trading and assuming risk and managing that risk appropriately will say I've done my executions I've entered I've entered and ended the trade I'm done my rules say I can only do one setup I don't give a how much it runs there's gonna be all the people out there always ICT saying you shouldn't do this as soon listen for the people that say that come forward with your results okay come forward with your results because nobody's got time for your Mickey Mouse opinions I sure as don't have the time for it I got till November I'm looking at my watch here we ain't got much time bring your bring your or remain silent because I'm done I'm done I stayed a year longer on this application on Twitter longer than I wanted to be it's you want to learn how to make money fine show up roll your sleeves up take notes and listen do everything I say to do and don't do the things I say not to do expect to take the minimum of a year minimum because there's things that you have to practice there's things that you have to look forward to and see if they pan out if they don't pan out what does that make you feel like as a Trader what does it give you in terms of impulsiveness does it make you feel you got to do something to fix that problem do you feel uncomfortable about being wrong those are things that people don't realize until they go through it but they put blinders on and say it that doesn't really exist I need to go into the next trade and over leverage I need to refund my I gotta reset my stuff I gotta go ahead and make the world believe I'm a good Trader I gotta show my stuff on the internet I gotta do a myfx book because nobody believes that I'm making profits nobody gives a if you're making profits nobody gives a nobody cares nobody gives a that I'm making money nobody gives a why are you worrying about that doesn't make any more money for you but you're increasing your concern about that's going to have more negative impact then it's going to help you positively I don't understand how many people can have their head so far up their own ass that they can't see that that's counterproductive you'll do all that extracurricular that's gonna hold you back and distract you from actually doing the work then simply doing 25 of the effort you're doing to do everything opposed to the following instructions and then finding the success that you say doesn't exist it's asinine I don't understand I don't understand why so many people drag their feet it's for free it's proven it works it's proof come on seriously why the are you waiting around you didn't even start don't Tinker with the rules don't bring your Dan is not part of this discussion unless I talk about it unless it's part of the issue and the model that's being exposed as far as this is the time you're gonna trade this is the time where if you don't have a trade in it it's this time of the day you cannot take a trade I don't give a if anything happens after that you can't trade period foreign that right there cancels about 75 percent of you well I can't do it because okay I'm not gonna stop being me I'm not gonna stop living my life I'm not going to stop being who I am because a certain percentage of my viewership can't do something you said you can't I didn't say you can't you said you can't because you said you can't I believe you I absolutely believe that you can't do it I believe you you don't have to argue with me you don't have to convince me it's it's a settled matter you said you can't therefore you can't when you change your mind and say I can I believe you you don't need to convince me I absolutely have proof that you can before you get your fruit I already know you can but I'm in a position where I don't need to be swayed I don't need it I don't need to prove that nobody else the proof's already out there and I'm inviting all of you to Simply investigate it on your own and that way you'll find it for yourself and when you get it even if it's the 80 win 80 a couple times a week you know what that does that pays for your groceries yeah it pays for a car payment maybe a cell phone bill in addition to that and then what happens over time wow you know I'm really learning how to do this I can now apply more effort and more equity in the new compound that same cookie cutter approach that you've been doing with a micro account micro contract now you're trading Minis and eventually dozens of them and guess what happens then your frequency of trading drops what did you say wait a minute I've already got my calculator here and I'm doing 50 contracts of NASDAQ this isn't I'm trying to do it Monday through Friday this this came out said trade less trade less and what is this guy on I'm on the reality tip because when you start making five figures a week why the are you gonna push it live your life live it [Music] some of you not all of you some of you would find the very existence that's going to be absolutely phenomenal for you and you don't have to make a million dollars a year many of you think that you have to be a millionaire every year over and over and over again or you're not successful that's because the person that finds their income and then a surplus income behind that outside of their job and they no longer need their job and they fire their boss I'm going to tell you that's a person that's walking on clouds right now they're absolutely comfortable inside their own skin and they're not the ones out here trying to prove to anybody because they don't give a they have got a lifestyle now that they are not plugging into social media which is 90 of horseshit and negativity they're not giving a if somebody doesn't believe you think they care who doesn't believe that they're doing what they're doing they don't even know they don't even know these people exist that doubt what they do they don't give a and that's how I've been and I'm going back to that in November I don't care about who doesn't like me who doesn't believe in me I don't give a but I have left my Legacy in this industry and you can do whatever you want to do with it [Music]