ICT How To Stop Failing

Summary

In this passionate video script, the speaker asserts ownership and authenticity of their trading strategies, expressing frustration with misinformation in the market. They challenge skeptics to verify their unique approach by examining their detailed, predictive chart analyses on Twitter. The speaker invites viewers on a transformative 2023 trading journey, promising a simplified, interactive, and real-time learning experience that demystifies market algorithms. They emphasize the necessity of personal effort, study, and dedication to truly master trading, calling out the laziness that has hindered some students' progress in their mentorship programs.

Takeaways

• 📝 The speaker is asserting ownership and authorship of their work, emphasizing that they can prove it uniquely.
• 💔 They used to be deeply affected by criticism, which would lead them to overextend themselves in their instructional content.
• 🤬 The speaker expresses frustration with misinformation in the market analysis space, feeling angered by false claims.
• 📊 They claim to have provided specific, detailed market analysis down to a five-minute chart level, something they assert no one else has done.
• 🔑 The speaker believes they have exclusive knowledge of market algorithms and can legally prove their insights.
• 🚀 They invite their audience to follow along in 2023 for an interactive and educational trading experience.
• 🎯 The speaker promises to teach trading insights that are specific, real-time, and predictive of market movements.
• 🧐 They acknowledge that their teaching approach has evolved to a minimalist method that focuses on essential elements of price action.
• 📚 The speaker emphasizes the importance of self-study and active learning, discouraging reliance on simply watching videos.
• 🤷‍♂️ They criticize 'lazy' students who expect to learn without putting in the effort to analyze charts and study market behavior.
• 💪 The speaker is determined to teach and expects dedication from their students, warning that the learning process will be challenging and demanding.

Q & A

What is the speaker claiming about their work and its uniqueness?

The speaker is claiming that they have authored unique content related to trading algorithms, and they are the only one who can prove its validity. They argue that no one else has presented the same level of detail or access to the algorithm as they have.

How did the speaker used to react to criticism about their teaching methods?

The speaker used to be deeply affected by criticism, feeling offended and bothered to the point where they would try to appease the critics by over-delivering in their instructional content.

What does the speaker find frustrating about other market analysts' approaches?

The speaker is frustrated by the lack of transparency and accuracy in other market analysts' explanations of market movements. They believe these analysts are lying or misleading their audience with superficial chart analysis.

What specific claim does the speaker make about their trading analysis method?

The speaker claims to have a method that provides specific levels that an algorithm will work with for a particular day, starting from a daily chart down to a five-minute chart, which they assert is unique and has not been done by others.

What does the speaker promise for the year 2023 in terms of trading experience?

The speaker promises an interactive and specific trading experience for 2023, where they will guide their audience to see market movements before they happen, offering a minimalist approach to trading setups.

What is the speaker's view on the necessity of personal effort in learning to trade?

The speaker emphasizes that learning to trade requires personal effort, including studying charts, taking notes, and practicing what has been taught. They criticize those who expect to learn without putting in the work.

How does the speaker describe the learning process for their students?

The speaker describes the learning process as one that involves simplifying the approach to trading, reducing complexity, and recognizing the need for patience and the right market characteristics to materialize.

What does the speaker expect from their students in terms of engagement with the learning material?

The speaker expects their students to actively engage with the material by annotating charts, studying them, and spending time on self-study, especially during market off-hours.

What is the speaker's opinion on the role of 'lazy' individuals in the learning process?

The speaker views 'lazy' individuals as those who do not put in the required effort to study and practice trading. They believe this laziness is a barrier to learning and becoming a successful trader.

How does the speaker define 'lazy' in the context of their mentorship?

In the context of the speaker's mentorship, 'lazy' is defined as not engaging with the material deeply, not studying charts, and expecting to learn without the necessary personal effort and practice.

What is the speaker's advice for new students joining their mentorship in 2023?

The speaker advises new students to be prepared for a challenging learning experience, emphasizing the importance of dedication, consistent practice, and the willingness to learn throughout the year.

Outlines

00:00

📜 Authenticity and Algorithmic Mastery

The speaker passionately asserts their authorship and expertise in a trading algorithm, emphasizing the unique and verifiable nature of their work. They reflect on their past vulnerability to criticism, which once deeply affected them, and their dedication to improving their teaching methods. The speaker challenges skeptics to review their accurate predictions and chart analyses, boasting about their unprecedented approach to market analysis. They express frustration with misinformation spread by others in the field and invite their audience to verify their claims. The speaker also outlines their vision for 2023, promising an interactive and insightful trading experience, and emphasizes the importance of simplicity and waiting for specific market conditions in trading.

05:01

🚀 Commitment and the Reality of Learning

The speaker addresses the issue of laziness among some members of their mentorship program, candidly describing them as 'lazy' for not engaging deeply with the material. They stress the necessity of active learning, which involves studying charts, taking extensive notes, and analyzing past market movements. The speaker dispels the myth that success in trading can be achieved quickly or easily through watching videos or live streams, and instead, calls for a full year of commitment and hard work. They express concern that some students may underestimate the effort required and the depth of knowledge they will need to acquire, offering a stern but supportive reminder of the dedication expected from those who truly wish to learn and excel in trading.

Keywords

💡Algorithm

An algorithm is a set of rules or steps used to solve a problem or perform a computation. In the context of the video, the speaker claims to have unique insights into a specific algorithm that affects market movements. The speaker asserts that this knowledge is not widely available and is a key part of the video's theme, which is about trading strategies and market understanding.

💡Divisive

Divisive refers to something that causes disagreement or separation among people. The speaker mentions that while their message is not intended to be divisive, the truth can sometimes lead to division. This term is used to set the tone for the speaker's approach to teaching and the potential reactions from their audience.

💡Inner Circle Trader

Inner Circle Trader (ICT) appears to be the name of the speaker's trading program or community. The speaker uses the term to refer to their body of work and the specific approach to trading that they teach. It is central to the video's content as it represents the speaker's identity and the system they are advocating.

💡Michael Huddleston

Michael Huddleston is likely the name of the speaker or the persona they use in their trading community. The speaker uses their name to establish authority and personal connection with the audience, and it is integral to the video's narrative as it represents the source of the teaching and insights being shared.

💡Daily Chart

A daily chart in trading represents the price movements of a security over the course of a single day. The speaker mentions using daily charts to provide specific trading insights, indicating the level of detail and analysis they offer. This term is used to illustrate the speaker's depth of market analysis.

💡Five-Minute Chart

A five-minute chart is a type of financial chart that displays the price movements of a security over five-minute intervals. The speaker uses this term to emphasize the granularity of their analysis, showing that they provide insights at various time scales, from daily to intraday.

💡Price Action

Price action refers to the movement of a security's price over time, often analyzed by traders to make decisions. In the video, the speaker mentions a minimalist approach to price action, suggesting a simplified method of reading and reacting to market movements, which is a key concept in their trading philosophy.

💡Mentorship

Mentorship is a relationship in which a more experienced person (a mentor) guides and supports the development of a less experienced person. The speaker mentions a 2022 mentorship program, indicating that they offer personalized guidance and teaching to their students, which is a significant part of their educational offering.

💡Lazy

The term 'lazy' is used by the speaker to describe individuals who do not put in the necessary effort to study and understand the trading strategies being taught. It is used critically to emphasize the hard work and dedication required to succeed in trading, contrasting with the speaker's commitment to teaching.

💡Annotations

Annotations in the context of trading refer to the notes or markings made on charts to highlight important features or patterns. The speaker encourages students to annotate charts as part of their learning process, indicating that this is an active and engaged method of studying market behavior.

💡Characteristics and Signatures

Characteristics and signatures in trading refer to specific patterns or features in price movements that can indicate future behavior. The speaker mentions waiting for these to materialize as part of their trading strategy, highlighting the importance of pattern recognition in their approach.

Highlights

The speaker claims ownership and authorship of their work, emphasizing its uniqueness and their ability to prove it.

The speaker discusses their emotional response to criticism and their journey to not being affected by it.

The speaker expresses frustration with misinformation about market influences presented by others.

A challenge is issued to skeptics to compare the speaker's work with others, specifically mentioning Larry Williams and Oliver Valz.

The speaker boasts about providing specific market predictions and leaving a note for the audience to verify.

The speaker asserts their ability to provide undeniable proof of their knowledge and involvement with market algorithms.

An invitation is extended to the audience to join the speaker on a transformative journey in 2023.

The speaker promises an interactive and non-overwhelming experience for the audience in the upcoming year.

The speaker emphasizes the importance of simplicity and minimalism in their teaching approach.

The speaker discusses the realization of their students about the unnecessary complexity they initially brought to the learning process.

The speaker calls out the laziness of some students and emphasizes the need for active engagement with the material.

The speaker explains the necessity of studying charts and market movements as part of the learning process.

The speaker warns new students about the expectations and the effort required to truly learn from them.

The speaker expresses their commitment to teaching and readiness to guide the students throughout 2023.

Transcripts

I coded this I authored it it's mine and

I'm proving it no one else can prove it

like

this it's it's not meant to be a

divisive thing but unfortunately

sometimes the truth is very decis

decisive and divisive okay

so I used to get affected by that I

would wear my heart on my sleeve and on

baby Pips I would be offended if someone

would say you know you know I don't like

how you teach and it would bother me

like it would really bother me like it

it would do damage to me where I felt

like I said okay I got to fix this one

person and I would go overboard and put

more and more and more into the videos

and more into the instructions and

sometimes I slightly deviated from the

the whole process and plan I outlined

that one evening sitting in my living

room where I was reading all these

people but this nonsense they would put

up and say this is what makes the market

go up this is what makes the market go

down and they would show you these

things things they would add on top of

their their charts okay and it was just

it it angered me because that's a lie

that's a

lie

see even if you're in the audience right

now and you don't like Inner Circle

Trader you don't like you don't like

Michael Huddleston you don't like ICT

okay you think he's a dick you think

he's a braggadocious arrogant prick that

you doesn't deserve the attention he

gets okay put that aside just for a

moment okay take your ass over to

Twitter and pull up what I did

yesterday okay you don't see any of

these people out here none of them not

one of them not a Larry Williams not a

Oliver valz which I actually I got a

story about him a little bit none of

these

guys

nobody has ever done that

took you from a daily chart all the way

down to a five- minute chart gave you

the very specific levels that the

algorithm is going to work with for that

particular day and then I left you with

3864 note that when I left you that was

the morning session so what's the next

time you're going to trade the PM

session don't

worry we'll get back to those charts on

Friday but just go back and go through

that thread when you're done listening

to this space today if you didn't see it

go back and look at it and choke on it

okay because there's undeniable proof

that there's an algorithm it's

undeniable proof that I'm privy to it

and I got my fingerprints all over it

and you can't do anything to change it

and guess what yes I can stand in a

court and do that yes I can demonstrate

it and yes I can bring

receipts and I want to take you all

along for a ride in 2023 I want to take

you on an experience that you would have

never had

ever it's going to be fun it's going to

be interactive it's not going to be

inundating I'm not going to give you a

whole lot of videos that to to to bog

you down it's going to be very specific

it's going to be right now in the market

right now in the charts before it

happens you're GNA see it you're

G to know what's going to happen before

it

happens and after a couple months goes

by in the middle of the year you might

think to yourself wow I I have been

complicating this the whole time he's

taught this but I have brought things to

this learning process and slowed myself

down yes every one of my profitable

students come to that realization always

they tried to bring everything to the

table when they triy to find a setup you

don't need that look at the 2022 model I

clearly reduced that down to the the

minimalist approach to doing

it and it's beautiful it's poetic in

price action it's

not going to work every single time on

every single time frame every single

minute of the day you have to wait for

certain characteristics and signatures

to materialize in price and once that

occurs and I know some of you are

thinking what are the

ICT go through the lessons in that 2022

mentorship it's

there you're asking for something else

because you're looking for that void in

your experience doing it seeing charts

print real time studying back data

hindsight

movement so you're trying to fill in a

simple response from

me that will never adequately fill in

the necessity for you as the student and

Trader in development to go into the

chart yourself see that's the part that

all of the lazy people every single one

of my intakes 2017 I'm sorry 2016 2017

2018 2019 2020 and

21 every single group that came into my

private

mentorship had a group of lazy ass

people and yes that sounds disrespectful

but folks that's what it is that's the

defining thing oh I looked at your

videos I watched your videos and I wrote

five pages of notes how you gonna call

me lazy you didn't do the work what's

the work you got to put your ass in

front of the charts you have to study

what it's done look for the things that

I've taught you have copious amounts of

notes going back for months and then you

do that each day too annotating every

single time and you study them on the

weekend when the markets aren't trading

you have to pour yourself into this

folks it's not going to be easy for you

it ain't going to be just watching a

video and some of you unfortunately have

this expectation that I'm going to

somehow make it so easy that you're

going to watch a couple live streams

with me and you're going to figure it

out right then and there I'm telling you

some of you young men are going to do

this and you're making a mistake you

need to spend the entirety of 2023 with

me you have no idea what you're stepping

into you have no idea what you're

getting ready to get involved in and

learn and what's going to be expected of

you

personally you come you come to me

wanting to learn and I'm prepared to

teach all of

you