How to LEARN ICT?? (To become profitable)

Summary

This video script emphasizes the importance of mastering a few key concepts in ICT trading rather than trying to implement everything at once. The speaker shares their personal journey, recommending starting with the 2022 mentorship and focusing on daily bias, fair value gaps, and order blocks. They stress the need for consistency, live market experience, and personal accountability in trading. The message is to keep strategies simple, master them, and apply them to specific market conditions for profitability.

Takeaways

• 🚫 The speaker emphasizes that expecting instant profitability with ICT (Infinite Channel Trading) is unrealistic due to the wrong approach of expecting things to be handed out without effort.
• 📚 The speaker suggests mastering one or two concepts in ICT, rather than trying to learn everything at once, which is a common mistake among traders.
• 📈 The speaker's personal success with ICT came from focusing on the 2022 mentorship and mastering a few key concepts rather than trying to implement all strategies.
• 📝 ICT's recommended playlists include the Market Maker Primer, Pattern Recognition, Scout Sniper, and 2022 mentorship, but the speaker personally resonated more with the 2022 mentorship.
• 🤔 The speaker admits not implementing all of ICT's teachings, such as Fibonacci trading, and instead focused on what resonated with them.
• 💡 The importance of finding what resonates with the individual trader and executing on that is highlighted as a key to success in trading.
• 🔄 The speaker recommends starting with the 2022 mentorship and focusing on daily bias, fair value gaps, and sweeps of liquidity for consistency.
• 📊 The speaker discovered the significance of order blocks after hearing about them on Twitter and found it to be a crucial addition to their trading strategy.
• 🧠 The speaker stresses the importance of personal experience and learning from both live market experience and backtesting.
• 🔑 The speaker suggests that mastering a few concepts and applying them to a single trading pair can lead to mastery and consistent profitability.
• 🤝 The speaker encourages traders to take personal accountability for their trading journey and to understand that success or failure lies within their approach and mindset.

Q & A

Why is the speaker suggesting that they may not be profitable with ICT?

The speaker believes that profitability with ICT is not guaranteed due to the wrong approach being taken, such as expecting instant results without mastering the concepts.

What is the speaker's proposed method for becoming profitable with ICT?

The speaker suggests mastering one or two concepts in ICT, rather than trying to implement everything at once, which is the approach of successful individuals.

What are the recommended playlists by ICT according to the speaker?

ICT recommends the Market Maker Primer series, Pattern Recognition series, Scout Sniper series, and the 2022 mentorship.

Why does the speaker feel that the speaker personally did not resonate with the Market Maker Primer series?

The speaker did not resonate with the Market Maker Primer series because they found that it was heavily based on optimal trade entry and Fibonacci trading, which they never really implemented.

What was the turning point for the speaker in becoming profitable with ICT?

The turning point was when the speaker started focusing on the 2022 mentorship, which included daily bias, fair value gaps, and sweeps of liquidity.

What is the 'daily bias' mentioned in the script, and how does it contribute to profitability?

The 'daily bias' is a concept that helps traders understand the market's general direction for the day. It contributes to profitability by providing a framework for making informed trading decisions.

What is the role of 'fair value gaps' and 'sweeps of liquidity' in the speaker's trading strategy?

Fair value gaps and sweeps of liquidity are used by the speaker to find entry points in the market, which is crucial for executing trades at advantageous times.

Why did the speaker feel that something was missing from their trading strategy?

The speaker felt something was missing because they were not entering trades due to the absence of order blocks, which they later discovered and implemented in their strategy.

What is the significance of 'order blocks' in the speaker's strategy?

Order blocks are significant in the speaker's strategy as they provide the final touch, helping to determine entry points and contributing to a more comprehensive trading approach.

What does the speaker suggest for traders who are not profitable after trying various strategies?

The speaker suggests that traders should take personal accountability, understand that the common factor in all unprofitable trades is themselves, and consider that they might be doing something wrong that needs to be addressed.

What advice does the speaker give for traders who want to start with ICT?

The speaker advises starting with the 2022 mentorship, focusing on mastering a few concepts like daily bias, fair value gaps, and order blocks, and gaining live market experience through demo trading.