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In an ICT mentorship roundup, Michael, Kid, and Pitmunch discuss Pitmunch's trading evolution from 10-handle scal
转写文本
Roundup, what's going on everybody?
It's your boy kid in the house.
Co-host, we got pitmunch here.
We got this special request from Michael.
Want to see what's going on with everybody?
How you guys are doing?
How you are tapping into the mentorship
into the latest and greatest.
I right now literally have the market on close macro
in the ICT price action chronicles
on my chart right now as we speak.
So yeah, anyway, thank you all for being here.
Go ahead and request the speaker tag if you'd like.
If you've listened to and or watched any of the 2026 ICT
mentorship on YouTube, the idea will be to get feedback
from you on what you've learned.
And we'll get Michael in here soon enough.
I'm sure with a flood of folks.
But in the meantime, pitmunch, how you doing?
There he is.
Yeah, I was gonna comment on Michael's post.
What he's already here.
Yeah, he's here.
We'll get the wave of folks.
And we could even maybe start with you.
And I mean, I sent you both tags, Michael.
So Co-host tag and just a regular old speaker tag.
What's nice to have a surprise place like this?
I like it.
Oh, yeah, it's it feels great actually.
Yeah.
So I mean, I know he wants to hear from folks
and the lecture.
I've got the speaker tag out to him.
There we go.
Yeah, there he is.
Hello.
How you doing, sir?
I'm doing well.
I feel a little bit better, not too late.
They're about 60% back.
But maybe I just needed to get on air and rant a little bit.
I got an hour and 25 minutes of stuff coming towards you.
It's still compressing and rendering.
But we'll see.
You guys can get it started.
I'm still working in the background,
getting things together to post it to YouTube when I'm
ready.
But I just want to hear how everybody's getting along.
And what they encounter this week.
I want to get it uploaded.
I'll come in and jawbone with y'all.
All right, sounds great.
Sounds great.
Absolutely.
So pitmunch, do you want to start off the conversation
at all?
Maybe any of the notes or note-taking, anything
that you've kind of taken or absorbed
from some of the latest and greatest?
Well, I was actually in the middle of note-taking.
It was supposed to be my note-taking day.
But I'm not fine.
I have, I've had some nice trades lately.
Like, I've posted about it.
It's very peaceful, very calm.
I've posted about me being a 10-handle trader before,
which is a very nice place to start off with.
But yeah, recently, I have evolved to 200 and 300
handles straight, something that I couldn't even
think about like two or three months ago.
And I was already struggling to get like the 20 handles
or 50 seems like such a huge amount.
And now I'm just really calm, instead of taking 20, 25
trades a day, I'm just happy with one.
And maybe four to five trades in a week.
And I'm done.
And I'm just, I'm just tap reading, annotating.
And yeah, it's really peaceful.
And it's really nice.
And I've been implementing the pre-market range lecture,
like annotating the seven to nine.
And then grading that and then using those
octants, projecting forwards to validate PDRAs and key levels.
And then taking the trades off of those.
And it has been awesome.
I've been posting them and I'm trying
to put some annotations on it without making it to Crowdy
to show people like what the reason was for me
to take that trade.
And inside of that, I have been implementing
like the additional details, the additional article
that the additional refinements of the whole day.
I think nuances are good words.
Yeah, yeah, yeah, nuances for the validating of the key levels
and the PDRAs, like in the recent lectures,
Michael showed us that we don't have to just look at the actual,
if we're going to look at a fair value gap at the CEO city,
we don't only look at the actual fair value gap being
on the key level, it can also just be the candle itself.
So it doesn't have to be on the actual fair value gap.
And in another lecture, I think after that,
he demonstrated that if there's a volume and balance,
it can be also the candle prior to that.
If that's on the key level, you can validate it like that as well.
So I've been enjoying that a lot.
Those lectures were amazing.
And I've been implementing them.
And I have been having like this huge run as 200, 300 handles
I'm very peaceful in my trading right now.
I want to pounce on this because I think that a lot of my students,
they start very, very small and humble,
like you were mentioning 10 handles.
You can get rich with 10 handles.
That's not the, you know, toose about it.
It's literally something that you should strive for in the beginning.
But if you could spend a couple minutes,
just briefly explain what it felt like
while you were still working through that period of only doing 10 handles
and not imagining anything larger like you're able to do now.
And how did that transition happen for you?
Like, what were the things that you started implementing?
What were some of the things you stopped utilizing maybe
from the stuff that I taught and maybe focus more on very specific things?
Or maybe it was something you brought to it even on your own?
What were the things that led to that transition?
I have one more question after that
when you answer this.
If you don't mind, please.
OK, I think it was several things.
Well, how I felt about the 10 handles?
I completely co-signed agree with what you're saying.
Like, 10 handles is you can really trade
and do really well with that.
And I actually did that because that's what you were teaching when I started.
And when I started, that seemed like a challenge
because I would get out of five on NQ and why you were telling us to do 10.
But that was in 2023 and in 2006.
So naturally, I'm going to try to evolve and grow.
But I was happy with the 10 handles and the multiple trades that I was taking
because I was profitable.
But the difference with now is that it takes a lot of...
I have more bandwidth.
It's less stressful and the word keeps coming up is peaceful.
And I'm taking just less trades and it's just like I'm seeing the setup and then I'm trusting it.
Maybe that's one of the key elements of it.
When I was still trading multiple trades, I was still kind of doubting like, OK,
I know I'm analysis is right.
I'm doing what I have to do.
But I'm still ready to jump out, ready to leave.
One of the things that I changed was while I was doing my water fast.
I did a 21-day water fast.
And in the last week of that, I was just ready to be done with it.
And I knew I shouldn't be taking big trades or doing some crazy stuff.
So what I did is I referred back to one of your lectures from 2026 about doing small drills.
And I dedicated that week into just taking one micro and making myself do drills.
And I called it to not check now.
Like trust the system.
It's just one micro.
Nothing happens if it doesn't go...
If it goes and draw down or whatever, it's no big deal.
And I started doing that for that whole week.
And I started seeing that even though I knew it, I really saw.
You can just trust the system.
Just trust the system.
And a retracement in a big run, if the Tp is way up there like 300 or 400 handles,
it's just one micro.
Don't check and out.
Let it retrace.
Whatever.
It doesn't matter.
And doing that for a whole week with one micro just showed me.
Like I can just set it out.
And then when I went back to trading to actual trading instead of those little drills,
I was more confident to go through that.
While also like I just said, implementing the new teachings.
But I was like, yeah, I'm seeing that it's retracing.
But there's no invalidation for me.
It's not like everyone's to the Tp.
So I've seen this for a whole week.
So I'm staying in it.
I'm not getting out.
I'm not going to close it.
And besides that, then there's also kid had a little bit of influence on me with his
live streams.
I'm also there.
And he has been saying things like, for example, he's been very vocal about trading towards midnight
you as well.
And he was like, hold it, hold it, stay to midnight.
And that was also one of my little practices like watching nothing complicated.
Just watch it go to midnight.
And that also builds some trust like, okay, it is.
It is if you're correct in your direction.
And you have some of your other stuff as well in place.
It's going to go there.
So I can trust that.
And all of that compounded into me having the confidence and the trust and then utilizing
your new teachings and hold these runners.
That's awesome.
This is what I hear.
And I want the students to pick up on it.
Number one, you said there was a couple of years between where you first started doing
the ten handles, getting yourself acclimated to executing, getting a baseline, getting
a feel for what you're supposed to see and only expecting to be involved for a short period
of time.
Ten handles can happen in a very short period of time.
But you gradually moved into it and you allowed that experience to build and you used more
information.
You didn't just go in and try to find one trick pony thing and then say, I figured I
had a trade and I'm going to give him lots of money.
You allowed the process to take shape over a period of time.
And you gave yourself the time to do so.
I didn't hear any of the adverse sides of it.
I'm sure there was periods where maybe you were hoping it would move a little bit sooner
for you.
And if you did, this isn't my second question by the way.
Even though technically it is, I have another question to file out with this one.
But this is so good that I want the listeners to really think about what you're saying.
You're saying that you went from starting as a ten handle trader to now taking down
200 handles.
That's respectable.
I don't care where you come from.
I don't care where you come from.
That's a real fun number to have.
And for you to hear yourself say that and think about how it was when you first sat down
and say, I'm going to start putting this to task.
I'm going to try to learn how to do this.
What you thought you were going to be able to do or were not able to do versus what you're
able to do now and hearing the words say that you're comfortable.
You're comfortable.
That's what every student comes to me with.
Every single person comes to me and they think, I need that secret response to me.
Give me the shortcut answer to being comfortable.
How are you able to be in here and just be so calm when you're taking these trades or
why are you so comfortable giving these types of things where the markets should go there
and it goes there.
You're exhibiting it right here.
You're living that.
You're doing that.
And you didn't get there because it was a shortcut.
You didn't get there because it was a real easy thing.
You as a trader, as a student, learning from me.
It's not just simply me either.
If you go and you learn anything, you get prescribed a routine, a process.
But then you have yourself as the unique application in motion with this idea, these implemented
ideas that you yourself as the operator or the driver of it.
You're like a neuron.
And neuron is what we have in our brains constantly.
They're like little synapses they fire off.
And they have now recorded these things, actively seeking connections.
And you can pull it up in a video case if you're listening.
Try to Google a search on YouTube for these little clips of neurons, literally reaching out
with their tentacles, trying to find a connection.
That's what you are as a trader.
You have a model.
You have a little bit of experience, but you know there's other things to learn that
it's going to make you stronger.
And you're going to build a bigger, stronger connection.
And you are all like neurons.
And in the beginning, when you started talking about the tent handles, I remember when I
first started, I just wanted to get a little bit of movement, just a little bit of movement
in the bond market.
And if I could get that, that would be a huge reward.
And then it became easy.
And then it became, let me try to do a little bit more beyond that and a little bit more.
And you keep pressing yourself outside the comfort boundaries.
And what you discover is what you were fearful of when you first began, or you think that
you would never get there at any time soon, you stop thinking about, I got to get it by
this time.
I got to reach it by this deadline, this scheduled arrival of success.
You're never going to be at that.
Because no matter how much money you make, you're going to realize as a trader, there's
things that you can refine that make you better.
So you're never really arriving at success to the degree where you're going to be satisfied.
But at the beginning, you think there's a shortcut to get to that destination.
It never is arrived at.
You're always going to want to improve.
And that's what you should be striving for all the time, always trying to improve.
I want to improve my access.
But I loved how you said that you started the tent handles and you graduated over time
using more information.
That means you've had tenuously studied.
You practiced.
You did things.
You did the drills.
So many students come to me and say, I'm losing money.
And I ask them all the time, how much back testing, how much time did you do, just in the
drill work.
Silence, radio silence, nothing.
What there's your answer?
If you're coming into this and you want to learn how to do it well, I mean, you're competing
with the smartest, most ruthless people in a rigged organization, a Ponzi scheme
that nobody's really designed to make money about them.
And you think that you're going to walk in here, and just, well, you know, I feel like
I'm smart enough to do this.
That's not going to help you here.
You have to think differently.
And you have to condition yourself in a way where you allow for slow rewards in the beginning.
And slow rewards doesn't feel comfortable.
It feels like it isn't worth it.
But I can tell you this much.
Everybody, and you're a testimony of this, but much.
Everybody that puts their nose to the grind and says, I'm just going to follow the logic
and see where it takes me.
And here you say that you're able to do these things now in the adjectives of uncomfortable.
When I heard that, okay, I got a jump on that.
Because think about it.
All of you that are listening, especially in the Trader Roundup.
We all come here like Fight Club.
And we say, this is what I had to wrestle with this week.
This is what I'm dealing with right now.
And or this is how I overcame something this week.
And it's wonderful to hear that.
But all of you that are still brand new and you haven't found your way, you're all looking
for that comfort level.
She's describing.
You're all looking for that.
That's the goal is to be comfortable in your own skin as the Trader using what you know.
And accepting the fact that you're going to follow through with continuously refining your
craft, getting better at things, reducing some things that you're worrying about all the
time.
Because you're always worrying about something.
I want my access to be better.
I'm a doughnutist for 33 years.
It should be better than this.
That's where my area of importance lies for improvement for me.
All of you are going to have the same thing in the beginning though.
You want to be comfortable doing it.
You're not fearful.
You're not second-guessing.
What does your source be doing?
What do I look for?
All those things are normal in the beginning.
But as you go through the content, many people just want to avoid going through that mountainous
compendium.
But all those things, and I talk about this today in the video, if you don't go through
it, you're probably leaving out that one little connection, like that neuron that's
Causty seeking a connection.
It's one little thing.
I have so many testimonies from hundreds of thousands of people all around the world that
let me come in and say, you know, I struggled with this and this and this and this and this.
And it wasn't until I looked at a video.
I already watched before.
I already watched this video.
But I just felt like I had to watch it again.
And I got to this video and at this specific minute marker, you talked about how this is what
you shouldn't be worried about.
And then all of that right now, and that's exactly what I was not doing.
I was worrying about something that I had no control over instead of worrying about the
information and is it repeating, is this thing happening?
And they didn't do it.
And when they started doing that, it completely unlocked.
They had a connection, like the neuron.
It reaches out with its tentacles.
You're understanding your experience as dynamic.
And seeking more information to shore up its premise.
And you, over the period of a couple years, have transformed from the average starting
in a mechanism to do 200 handles and hearing you discuss it in terms that you're uncomfortable
doing it.
That is awesome.
That is awesome.
And more people need to understand that it's not going to happen overnight.
You didn't describe something happening overnight.
You sound like you were a process.
You went through, you submitted yourself at the time.
You submitted yourself to the idea that if I keep doing this, I should see a graduated learning
curve that slopes up.
And when that goes up, that means your comfort level is going to go up.
That means your anxiety, your fear of missing moves, whether you are doing good enough compared
to the next person.
I hear you saying something about the eye-offs as a result.
I heard you say, I tapped into kit.
I tapped into the new resources.
You're here all the time.
You're at the top of the level.
You're not a passive viewer.
And there's too many people that come in there, a community, and they just walk through,
and they just real casual about it.
They say, well, let me see if there's anything interesting.
So if it ain't easy, I ain't bothered with it.
Good, go.
Go do something else.
But the people that stay here, and they put their nose to the grind, and really say, I'm
going to give it everything I got.
And I'm going to enjoy the process, and I'm seeking comfort.
I want to be comfortable in the trades.
I want to be comfortable seeking my model.
I want to know what I'm looking for.
I'm not going to be fearful of the outcome because even if I get it wrong, and you were
talking like this, if I get it wrong, it's not a big deal.
Why?
Because you took away the defensive weapon that you give fear in the beginning.
I don't want to lose a lot of money.
Okay, don't risk a lot of money.
I can argue against that.
You can't because you want to over leverage us in the trader because you want to get through
it fast.
You know that you don't have the skill.
So you want to have a lottery win in the beginning and say, okay, if I make a lot of money,
I'll just be content with that.
You won't be if you win.
You won't be.
I'm really pouts on that because I thought that that was a wonderful way to open up today.
I think it's a wonderful benchmark for everybody to see that it will happen, but you cannot
to mean that it happens right away.
So I want to thank you for that.
My other question, this is my technical second question.
You have disclosed this in a space.
So please forgive me if I feel like I'm airing your private business out there.
You said you were a lawyer.
Am I correct in that?
Yes, yes.
In your own hands.
Okay.
Do you as a lawyer see more than what would be required for the burden of proof whether
these concepts are valid if they have any sustainability?
If there's any logic that tends to repeat, do you lens of you as a lawyer?
Do you see something that you would represent in a court?
I think I've seen this happen.
I could be a testimony as a witness of it.
I have that tested it.
I've waited out.
I've measured it.
I put it through the ringer.
It either doesn't work or it does work.
What would you say in the capacity as a lawyer?
I would say that it does because there's logic to it.
There's proof.
It's measurable.
It repeats.
It's not like a one-time phenomenon or once in a while or once whatsoever.
There's so many different elements that come together that you can just clearly present
like the most important one is time.
I still, so today I'm stunned when I see people saying that there's no alcohol or that there's
no precision when you have demonstrated so many times extensively that how time is working
within the market and how we can utilize that.
That alone is already a huge evidence to what you're saying.
Then the size of that, there's the...
want to call it little things, but the details, the details like you teaching us like how
a body should respect a certain level and then you see that happening precisely how to
candle stop at the same level at the same price point. There's so many details that I could
perfectly agree. I want to jump in here because you said something I was listening for.
As a lawyer, if you had to argue against the algorithm not being real and it was buying
and selling pressure, how could you argue against and make an offensive position against
the algorithm not being so in its buying and selling pressure. How could you argue that
the buying and selling pressure would agree with the mechanics on how I teach the order
flow? The body should do certain things. It should stay in the upper half. If it's bullish or
staying on lower half of its bearish and wicks, you want to see the body's respected consequent
encouragement. How would you, I know I'm putting you on a spot, but think about this next time,
if you can't really do it, think about that as a lawyer. How would you go at someone and defend
that? We're not really defending it, but go against it.
The quick answer would be that there's instances where it doesn't happen. If you go back through
price and you really want to, you can find periods of time where it's not respecting anything
or looking nice and beautiful. That could be something that in my eyes, an ignorant person
could come up with and say, look here, here, here, here, it's not respecting it. There's no
algo and it's all bullshit. But then you've already encountered that because there's manual
intervention. You've also already talked about high resistance liquidity runs in price actions.
All of that is also covered. If that would be an attack, then there's already defense
enough to defend it against that. Just like anything else,
you know, ambulance chasers, they'll try it, they'll try it in court, but that doesn't mean
they're going to succeed. It could look like a supply demand. It could look like an Elliott wave.
It could look like the White Golf schematic. It could look like all these things at the casual
view, but when you get down to the science of it, it's okay. Yes, there are times that these
aren't performing as I said, but are the markets under a buying and selling programs that should
be implemented during that time? If you blend those things together, it fails. It fails.
I thought about this week, I'll drive around. You came to mind. You sent me an email. I got it.
I'll listen to what you're saying. Thank you very much for that. But I was driving around thinking
if we did meet, I would want to ask you that. Say we're attorneys. I'm representing a client. It
says the markets are rigged. Then you have someone saying, no, it's buying a selling pressure.
How would that be treated in a courtroom setting? I allowed this opportunity to do that. You
was very entertaining, number one, to I wanted people to hear that because I know a lot of people
don't realize that you are a lawyer and maybe that argument never came up in their own thought
process. But when you start looking at it, scientifically, we talk about macros. If the markets
bullish, as I teach, what do we collectively as a community think is going to happen in price
during that macro? It should start to show signs that it wants to do what go higher, reach
for a buy side of the liquidity and stave off the willingness to want to go lower. Well,
there, and you're already in a bullish market, and you start seeing down close Campbell's support
price every week that would be the lower portion of the Campbell's stick. It's halfway point,
supporting any drop down and not going any lower than that with the body. All of those are indicative
of a bullish order flow. If you're long, you stay with it because you're on side until you get
through some turning point that turns it around goes the other direction. So when we strip it down,
the very simple things like this, and you look at your back testing as a brand new student,
someone that's really hadn't spent that much time with this information. If you just start with
things just like that, you'll quickly get comfortable with, yeah, there's uncertainty. There is not
perfect, but there's a whole lot more things to learn, and you can see immediate feedback that
supports the idea that it's not buying its own pressure, random occurrences. There's things that
happen, and they tend to be on a time-based delivery. Things happen around a specific time. Things go
to a specific pool of liquidity that occurred in a very specific time of the day, or a session,
or a day of the week, or a week of the month, or a month of the year. All these things, they coalesce,
and they come together with a beautiful tapestry of you're able to see it. When the average person
they look at a chart, any other school that's outside of our community, they look at pricing,
they look for patterns. They look for something that yields to them in opinion based on somebody
else's observations, and a crunching of numbers through an indicator that says, here's the output
of taking whatever happened over here, and saying that means something in the future, or looking at
inside the candlestick, and they want to see footprint and level two data, and level three data,
and level 25 data. They want to get all these things and suppose that this, how many people
executed orders at this price level. Above us, there's this many people interested to buy it,
or sell it at this level, and vice versa. Somehow, you don't see that as gambling. But what I'm
saying can't be real, because it can't be that devious to have something artificial that runs
around and just fluctuates to predetermined levels. Of course it is. Of course it's absurd to think
that. But when you go in and you look for it, because we're not trained in the retail universe
through books and other people, it's scoffed that. And I'm okay wearing that clown mask. I'm okay
doing that. I'm okay. Just look at radio clown. They look silly, but they rarely get the horns,
do they? They rarely get the horns. They're just out of the way. It's in time. Just out of the way
in time, but they're entertaining everyone. They'd always need to know what that bull's going to do
before it gets to them. When you go in looking for this, you're going to be shocked at how predictable
these things are. But if you never go in and you allow the influence of other people in the industry,
to tell you, don't do that. It's not like that. And you just assume that, oh, that's got to be the truth.
I don't want to be ridiculed like that guy. That guy gets beat up all the time. There's a market
maker that's on the stock market floor. It literally says that this stuff doesn't happen. But then you
watch us collectively as a community, say they're going to take those stops right there and then
it's going to go to the buy side or you're going to take the stop right here and then it's going to
go to the sell side. How are we able to predict that? Because we're not leaning on anything else.
We're not leaning on any other logic, except for there's going to be manipulation. It's scheduled
to happen around this time. So we can time it. So it's a time of it's a measurement and time when
you're not randomly waiting for something to happen. We don't know what is going to happen. We don't
know when the breakout's going to happen. We're not breakout traders. We're looking for a scientific
measurement of a specific response in price action that we already expect to happen. We're anticipating
it. We're not surprised. We're not taken back in a gas. Where did that come from? Holy smokes.
Virginia, look at this. I was sitting there looking at this thing. I don't know what happened.
Corn market just went right up there. I don't know where it went from. I don't know. I have no idea.
I have no idea where that happened. Why it happened? If I could have got that and known that in the
instance, we could have made so much money. We don't do that. We don't talk like that. How many times have
you heard in these gatherings, people saying, Bill, I was watching price and I was like, where did
that come from? Why did that happen? It rarely comes up. Why do you think that happens? Because we're
not going in with the preconceived notions that the markets should be surprising to us. In the outside
of the cult of winning, it seems like we're narcissistic. We're arrogant.
Who is because we think we know everything? No, we don't know everything. We don't know everything.
And you don't need to know everything. But you start somewhere. You need to start somewhere
and you need to build that baseline of experience over time. How much time rest your life?
It doesn't mean it's going to take the rest of your life to get good at it or make money. It just means
that you're striving to a lifestyle. You're not going on a short stint where I'm going to go
try this out for a little while. If you really want to do this, then put it in your mind that
I'm going to turn this into part of my life. And I'm going to sacrifice a part of my time each day,
maybe only weekends too. And look at the folks that are here listening right now. You're here on
a Saturday. The market's not trading. Why are you here? Because you wouldn't be around it.
You know people here are doing something different. You're listening to some
Goober that's been doing it for 33 years. Sometimes I get it right, right? So you want to know what's
what's it like to get it right? So that way I focus on that and tell me where you get it wrong. So
that way I don't do that. Do that. Do that's an educator. I try my best to do that. But I come in
and I like a vampire. I sustain myself with the sustenance of feedback from all of you. I remember
you forget. I remember what it was like when I first started. And I remember what it was like to have
these straight, straight, straight meal. I don't feel those things anymore. I don't I don't feel it.
And when you have these things constantly being an impediment to you in the beginning,
you want to find ways to get around it. You want to escape it. You want to avoid it entirely.
When that's the biggest learning parts that you're going to have in the beginning because you're
going to have your metal tested. You want to find out what makes you tick. What makes you scared.
What gets you hopped up on goofballs where you're excited and you feel like you can do anything
and nothing's going to stop you. Those are triggers. And you need to know what sets them off.
And then how does that relate to your trading? What do you expect in price action? When you
expect something to happen, you expect the fair value gap, the support price, and it doesn't happen.
What does it mean? You want to go to the account and control me and say, you suck on it work.
I can't hate you. Go to hell. Or do you like, okay, why did this fail? It's killing. Maybe this is
about to become an inversion for your bag. And what I thought was going to happen, I'm wrong. Imagine that.
I'm wrong. And now what if I flip the script? Because yeah, I don't have that much experience right now.
Let me test it go in the other direction now. And where's the cell side at? That's the proper
flexible mindset. That's something worth teaching. You're teachable. If you're in here,
constantly looking for something to find fault with and say, you know, it failed here. It failed here.
It failed here. And you're ignoring the plethora of witness testimony and other people's hands using it.
Every single week I'm outlining things and you see it happening. It's panning out. I don't have a thousand
things I'm talking about in the technicals. It's very specific things. And you see them being
implemented using the logic that I teach. That's not random. That's not me guessing. That's me saying
this is where I want you to focus. Focus at these levels and see how the market behaves and what it
does to get to this level. And what happens when it gets there? Over time hanging out with the old man,
you will learn things that never were fashioned as a question in your mind when you first started.
That's experience. That's you gaining more connections like that. You're constantly being
like you're reaching out. I wish I had the video clip. It's a little tiny little clip I saw
and I was like, man, this is really fascinating. It looks like a living organism, like a lightning boat.
Okay, that's constantly reaching out to make a connection. And that's you with your model as a
trader. You're constantly looking for a connection with new supporting evidence that what you're
doing is valid. You're learning what not to do because you're doing it. And you're trying to avoid
in the beginning, which is normal. It's natural. You're trying to avoid pain. When pain, loss,
miss opportunities, that's where you learn. That's the part of this that you are trying to go through
where there's no risk, where there's no embarrassment. Everybody's on the same playing field.
Everybody's on the same playing field when you first start. But somehow in our minds, we think that
we have to have it right. We got to do it right the first time and never fail. It doesn't work
like that. You want to know what it feels like when you miss out because the things that you're thinking,
which is where journaling comes in, when you're doing those things, the negative toxic stuff,
you're cussing yourself out, punting out, exploring your limitate, and then said, listen,
I'm going to go up here. I'm going to try to swim to that hardest I've ever done it before.
And you swing and you miss. And other team laughs at you. And you go to your parent. And then
their parents are going to do what? You stupid, so and so. You try too hard. Why'd you do that?
Nobody's going to do that. And you as a parent wouldn't do that. But why is it that we do that in the
beginning when we're trying to learn how to trade? Think about that's what you're doing.
You're punishing yourself for trying. But are you trying consistently with a realistic expectation?
Because you can start on the right foot. But then gets swayed by people like me and other people
online that share their experience. And it may be outside the spec that you're at presently
with your experience level. And you think that man, this should be faster for me to get there. Why?
Who said that? You, that's just you wanted to get through the hard part. When the hard part is what
makes you the better trader than you could ever imagine. All the difficulty, all the things that
you're trying to tip toe around, that's the very thing that makes you good. That gives you the
words like Pippermont said, I'm comfortable. How should you get comfortable? Because she experienced
it not working in her own hands. And she saw that well, that while that happens sometimes,
it doesn't deter my interest in pursuing it. And over time, she went from 10 handles to over two
underhandles. And I'm sure that probably felt like crazy for her to have it happen. And then when
it started happening multiple times, come on now, that's a paradigm shift. That's a change in the
mindset that you have to experience. Nobody can really articulate it where it means anything to you.
It's like, yes, I okay, whatever. It doesn't help me. It doesn't put any money in my pocket. So what?
You're starting to sound like you're bragging now. No, you're trying to share something with people
like we're all here together with the common goal. We want to talk about trading. We want to talk
about what makes us profitable. How do we get there? What are the things we're going to have to encounter?
Why isn't the book filled with that in the beginning of the book? Because you'll take it right back to
the cashier and ask for your money back. I didn't want to be bummed out. I'll talk this book
through where I had to make money. This guy saw me out. You're going to have to go through all this
hardship in the beginning. It's normal. Dude, come on. It sounds like a domestic abuse here.
But it's simply a process that you go through. Everybody that joined the military when they were younger.
But man, I'm going to be Rambo until they got the basic training. You're making me wake up at what time?
What time is this? You're doing what? We got to go where? I got to carry what? Where's breakfast that?
That was breakfast. I got to do this for six more weeks. What? Yeah. They put you through
conditioning that you're uncomfortable with. But at the end of that six weeks, you can run circles
around people. You could do a whole lot more things than the average person. But you're not thinking
that when you're going through it. You didn't think about that before you joined. You're like,
it's going to be that big of a deal. Everybody goes through it until you were there first morning.
And they're beating that trash can. Waking you up. Let's go. Let's
time to get moving. Let's go. That's the motivation you have to have. You yourself have to do that.
Me watching or you watching one of my videos or listening to other people in the
train to surround up, it only goes so far, folks. That only has so much octane until then you
go out to have it on your own. You're going to have your own steam, your own desire.
And it's got to be more than I just want to have more money. You got to believe that you can do this.
You have to know that it's for you. And I've never met anybody out there that hasn't had a sincere
desire to do this. That it isn't. It's not deserving for them. It's absolutely deserving.
But it filters out all the undeserving because if they want it fast, they want it easy.
You're not going to make it here. You're not going to make it in anybody else's course either
because you have unrealistic expectations. The first time you go into drawdown, you're going to go
on tilt, you're going to self-destruct. And if you're lucky enough to find the gunk, the gumshan that go
in and put more money in or pay for resets, if you fail then and family members, spous,
knows about it, you want to crawl into a rock and wish you'd never started. Guess where you're at.
You're on a crossroad because if you're a trader, you're going to take that, shoot up, swallow it
and say, this ain't enough to make me stop. It's not enough to make me stop. Sure, sure, sure, I've talked
a good game. Told my friends at the band, I'm going to make all this money. But it hasn't happened yet.
You have to know beyond a shadow of a doubt that okay, the back of my mind, I knew this was likely
to happen to me. But I didn't think it was going to happen for me. I was hoping that wasn't going to
happen for me. But now I'm met with this hardship. I'm at a crossroad either I turn around and say,
forget it or I listen to the old man and I say, this is a mile marker because if I can get past this,
I'll never feel like quitting because I went through drawdown and a blue account because you're
going to blow an account. You're going to blow it. There's never been a trader ever that came out
there and just skyrocketed up and never had that happen. It's never happened. Anybody that says
that is a bold face liar period. You learn what you're made of when you go through that.
And there are certain things that you can avoid repeating that dozens of times. But it requires
you to take inventory on yourself. And the ones that keep repeating that over and over again,
the two main culprits and I'm going to say this and not open up for everybody else because
I've got to get this video up on YouTube. But the two main culprits are number one,
rushing before you really know what you're doing because just because you want to make money,
it's just because you want to sit in front of these charts and you want to click buttons and watch
cables this go up and down. You think you're going to go to a relative equal hire, relative equal
low. And you think that's all there is to it. Just give me a fair bag up in the middle, baby. I got
it. I got it from here. I see tape. Don't worry about it. Go rest until you try it. You know,
man, I didn't realize he was like that now. I mean, where does it come from? Like, I wasn't expecting
this thing. And he's over here talking out. He's shorted it. And I'm going to try to go along.
Yeah, this is cat. This guy's cool crap. Man, come on. This is all made up. This is bull crap.
You got to take inventory. How soon did you try doing what you thought you understood?
I know it's expensive. You don't want to deal with it. You don't want to admit that you did
something in a rush. We all do that. We all do that. You think you're going to be the exception.
To the rule. And the sooner you experienced that and get through it, the better.
Just just break the ice. Get out there and discover that you're not ready. Get it out of the way.
Just get out of the way. But you don't need to keep repeating that. But once you get to that
crossroad and say, okay, now I know what he means. So now let's be a little bit more
short about it. Be more responsible about it and say, I'm going to make this a business.
That means you got to put some effort in it. That means you're going to have to work on weekends.
That means you're going to have to work for free for a long time. Long time. Build it in the
over time. Like if Munch said a couple of years now, she's reaping the benefits and the comfort.
He where they're comfort of being able to do 200 hand of runs. Not worrying about.
I just want to do five trades a week. Some of you want to do that in the first two hours of trading.
And you haven't even traded six months yet. That's not realistic.
And these are the things I talk about that makes me an unpopular teacher because
there's a lot of grooming that you have to put yourself through. You have to prune bad things
and make observations about yourself that's going to reveal ugliness in you.
Character flaws. And if you don't master them, if you don't wrestle them into submission and
get them out of your thought process, they're going to hold you back. I don't care what you trade with.
I don't care if the best trader out there in the world is going to sit right next to you.
You will still lose money when you try to do what they teach you because you have toxic mindset.
You're impulsive. You're impatient. You think it's never going to happen to you.
Because you never put yourself in a situation to encounter that and work through that.
Drawdown. That's a wonderful thing for you to go through.
It's wonderful because it teaches you that you have to be responsible with your money.
You have to be responsible with that money because if that's all you ever can put into an account,
what do you do?
it left with no other choice.
That's it.
So you have to be a good money manager
and by going through drawdown and blowing an account,
man, that's the best lesson you can have from that.
You can't learn it any other way.
Oh, I wanna lose any money.
That's the same for someone else that's blown their account
and has to work, Domino's pizza,
just to get money over a couple months,
just to put more money back in the account.
It humbles you.
It gives you a sense of purpose.
It slows your role and these are all good things,
but it doesn't sound good.
It doesn't sound like a good marketing campaign
to make people wanna join what you're trying to pursue.
And the other thing is, you don't have a model.
So many of you just flirt with things.
Yeah, I'll use an order block.
I'll like order blocks.
Okay, what's an order block?
Well, it's the last camp of nine.
It's not that.
So as you say that, that's not what an order block is.
So you haven't spent enough time doing anything.
You're just dabbling.
So you're just waiting for something
that's happening your hands,
and then that's gonna be the source of motivation.
And then you contrast to everybody comes here
that says, I've been working on this.
I've been grinding through this.
I have some adversities here,
but now this is what I'm doing now
and I'm just thankful that I just stuck with it
because now I'm doing something that I couldn't imagine before.
Like, I'm gonna be listening to Pitmunch in my head now
for about three weeks.
Those are the things, when I hear those types of things,
they put me over the moon
because that's exactly what I'm trying to talk to you about.
That's the motivation.
That's the thing I tell you to go through.
Go through it.
It doesn't feel like it's gonna happen fast enough for you.
It feels like it's taken forever.
It's never gonna happen for me until it does.
And then all the things you've waited yourself down with,
all the self-doubt, all of the misery that you've bade
in every single day saying,
it should have happened for me sooner.
Nobody's worked harder than me.
Nobody's done more back testing than me.
Nobody, come on in.
Come on, stop that.
If you start thinking that way,
that's the telltale sign you haven't done enough.
This guy thought my item back test.
Look at my notes, scribble, scribble.
I wanna know what you've been doing with the information
you've been collecting.
Don't just write down,
oh, I would have done this and how much
is that happening in the past,
not just what you just wrote down.
Study it, see if it's happening.
See if these macros are real.
See if that 20 minute window isn't
calling the highs and lows intraday
of every single day, every single week of every single month.
Do that.
Just do that.
Pull up your five minute chart,
spread it across your chart,
and go at every enemy at term or long term high.
Sometimes it'll be short term highs and lows,
but they're turning inside that 20 minute window.
Look here.
That's how it happened for me.
That's how it happened for me.
And I'm like, wow, there's something to that.
Let me start blending market structure with this.
And let me blend some other things
when I think it's gonna go higher
because it's supporting everything underneath it.
What if I start just doing by signals
just in the 20 minute window of that?
And then I start seeing rocket fuel longs.
Boom!
The first time it's gonna be, wow!
What just happened?
It's like you just captured lightning and put it in a bottle.
But now you got that bottle any time you want.
Every hour it fills up again.
Every hour it fills up again.
Every strike isn't as potent as the one before it.
But when you have all things come together,
when all things come together,
you can catch lightning in a bottle.
You don't have to purchase it.
You don't have to buy bells and whistles.
To be able to see it, you can anticipate it.
It's gonna happen in that little 20 minute window.
You're getting the close of the past hour
in the first 10 minutes of the new hour.
It's a rush.
The finish off orders and bringing new orders.
And it's not the buying and selling pressure.
It's a momentum and movement that those orders
will be able to be permitted to be filled in.
It's not driving the price.
The buying and selling is not driving the price.
It's permitting it to ladder and chase it as it runs.
That's exactly what's happening.
So anyway, I had a lot of pent up energy today.
I just, she excited me when she said what she said.
And I just want to tap into that.
And I feel so blessed and glad I called for you
to start this up, Kit.
It was wonderful.
I want to hear everybody else.
And I gotta just sit here and listen to all you know.
I'm excited.
Rock on.
Sounds great.
Anything else, Pip Munch?
Did you want to add anything?
It's just because I mean, it was kind of coming all your way.
Just wrap up with you one final thing if at all.
And then I mean, Michael's asked that we continue the conversation.
So we will.
Yeah.
I was just going to let you put a bow around it.
That's it.
Well, maybe the little bow is a lot of you saying like it doesn't come
in one day or in a few weeks or one month
or whatever rush anyone is feeling.
And I just want to really enforce that.
And also make clear that I was actually in a critical situation
where I would be wanting for it to be fast
because I lost my career due to health problems.
So naturally I would have wanted it to be like, OK,
in two weeks I'm doing this.
But I realized that's not what this is.
This is not some little course somewhere.
And the thing that the point that I want to make is the YouTube channel.
It's not don't look at it as a bunch of playlists
or a millions of videos.
Look at it as a university.
We spoken about this in prior spaces.
But the YouTube channel is a compendium.
It's a whole university.
And that's how I have been approaching it.
Similar to law school.
You're not going to learn everything in two months
or in the first six months or in the first year.
You're not going to go through law school in just one year.
You can't.
And you're going to do a master's.
So that's how you should approach the YouTube channel.
And that's how I still approach it.
And when he uploads new lectures, in a reason lecture,
he said, he said, the logic isn't changing.
And I just want to reinforce that it is true.
The logic isn't changing.
My trading and the way I, what I see jumping out of the chart,
it's not like it's something different than what I was seeing before.
When I was doing this, the 10 handles,
I was already seeing mostly accumulation, manipulation, expansion, AMD.
But I just didn't hold the expansion for a long time.
And I needed to practice to determine
when it would be like a long expansion
or just like a small, small candle up and that's it.
So now with the 200 and the 300 handles,
it's not like I'm doing something completely different.
I'm still seeing.
And you can see it in my post in what I'm posting.
You see accumulation and impolation expansion.
I'm still doing the same thing, but there's refinement and added knowledge.
So I'm not changing what I'm seeing or what I'm trading.
What's happening is that my understanding of the whole market and the teachings
that is growing and that is expanding on top of what I've already been studying and implementing.
So it's not like there's constant new things and changing up.
So when I'm saying I'm trading now, there's seven to nine pre-market range
that he recently thought, thought it's not like I changed everything.
It's just it's refinement to what I was already doing.
And it takes time.
And when I started, I gave myself five years
because if you go to law school, you could get here in Europe.
You do four years and then you do masters.
So I said, I'm giving myself five years to get this with his university on his YouTube.
And now we're like three and a half years in.
So that's the ball I want to put on it.
Great way to put a button into that and follow through.
Thank you, Pipmunch. Appreciate you.
That's just great news.
That's wonderful. I love hearing that.
I'm fired up too. I can see why and I understand what Michael's saying
because Pipmunch said a lot.
And I mean, I want to hear from other folks as well.
So I'll leave it there.
We'll bring up great Eagle trader.
We got, oh, Wateria, changed your name again?
You changed, you've been up here before.
We'll get started with great Eagle. You're up, buddy.
Okay. Thank you. Hello, everybody.
Just a quick protocol.
I'm Greg Eagle. My name's Randy.
I'm 65 years old, Card Carian, Medicare member of trading on and off for 40 years
made a bunch of money at times lost it all every time.
I started studying Michael's content in January 25.
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