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Lesson 35 Q&A

DayeMentorship29:37

Transcription

You should just be chilling, preparing for the next. You shouldn't be like, in charge, trying to run anything up. You should have made anything that you should have made, you know, within the month, like within the hill zones of the month, within the weeks of the month, which, you know, has the most volatility.

Do you guys remember, right, when price was literally, was it somewhere here in this consolidation? And what, and we expected to see price above these highs? This was before earnings, right? So we literally, right, predicted earnings. And look how much price has gone up. Look how much. This isn't natural. This is not organic, right? This is not organic at all, right? We just had price blow all through these signs, and it was, you know, so obvious. It was so obvious. And right now, you can see that we have the Dow totally, you know, out of tune with, you know, this all right.

So, for analytical purposes, we usually use the NASDAQ, like when comparing to, you know, the for, for well. Right now, Nvidia, right? Why is that? Nvidia is the stock of, you know, that's a part of NASDAQ, the one that brings the most weight. So this is literally, as I just said, the only thing that's holding up the stock market. If anything happens to Nvidia, it's over for everything, right?

So, yeah. So, um, go ask if I could share some links of news accounts. Pretty much, I get, you know, everything myself, right? I'm always looking out for, you know, geopolitical, you know, issues. And basically, just, you know, go on Google and you, you just type in world news. And you don't really have to read the entire document because anything that you should know, they'll just put it in the title, right? They'll just put it in the heading of the news. You don't really have to go in detail and read anything.

I back text. But if, if we have bullish SMT in four cycle, we are bullish until we have four or above. Nothing can. For your question, Kcore 1369, a RJ, if, right, we have a sequence of SMT, right? For example, on a recons, which should happen in, you know, in conjunction with the daily cycle, cycle, the weekly cycle, okay? As long as, right, it is, you know, caused by a new event, it should, it should be a reversal. Also, right?

You'll have these times in your development when, you know, it will just not seem to be working. And that's okay, right? There will be times when you'll be just, you know, not having any luck, or even two days in a row. But that's fine, and that's normal. Every professional have, you know, has has St like that. And that's why we have a stop loss, right? You're not going to always be right. You're not going to always, you know, you're not going to win everything, right? That's something that you must understand.

You know, there's some of you, you're successful for an entire week, and the day you get a loss, it's over. You lose your. It's like you're like, what? How, how can this happen? How it just happened? Happens, and it'll happen again. So the thing that you should be focusing on mostly, right, is controlling your emotions. Your, you know, you need to be emotionally stable when participating in these markets, right? You should not be attached to money. You shouldn't be, right? You, there's, you know, you can see, you can know who's attached, who's not attached. You know, the people here that made the most, they don't post about anything. They don't say anything. They're just quiet, right? We literally, you know, had someone here that I said before, he's literally on the top of, he was at the top of Robin's, like literally. I'm not going to like say his name so everyone like start messaging him or something. But he doesn't even talk. He says nothing. He's just there, right?

So the thing that you must be doing, you know, apart from trying to strengthen your, you know, emotional intelligence, is you, you know, must understand, you know, that there is a great area in price action. There's some, there's, there are times when something will just happen, and that's why you have a stop loss. There, there are times when price will just do something that you just don't expect, right? Day, I am right now in capacity to anticipate the buy every week since three months, since month three. But I'm, but I can't trade it. You're good. You're better than, you know, I'd say 90% of traders, not here, but, you know, in the world, right? If you can do that, you can anticipate market reversals. That's good. That's, that's what you should be practicing to do. It's you. And you say that you've been doing that since month three, that's amazing. That's good. You need to, you know, be practicing. Try to demo trade, right? That's why you should be doing. Make mistakes demo trading. You need to make mistakes. That's why there, there is demo trading, right? You got to make mistakes so you can, you know, begin to, you know, get a feeling that of what it's like to manage a position. It won't, you know, be as, it won't feel as strong as it would when managing real money, but it's close. Or get a Fed account, right? To something like that. But you need to demonstrate it first. You need to be able to trade it with your emotions detached from the markets, right? That's what you need to be doing. Just do it until it's, you know, you get good at it. That's, that's all that there is. You need to just do it till you get good at it. Just do it over and over and over and over and over. It's not okay. You can do it for this set amount of time and then no. It's the work that you put into that time. How much, how much do you focus? How much do you prepare before each trade? What happens when I'm wrong? Right? How, it's not even what happens when you're wrong because you will be wrong. It's how do I react when I'm wrong? Do I s, do I do, am I angry with myself? No, you shouldn't be angry. You know, okay, I get this. You got this wrong, right? Now it's like you just tap yourself. You're like, okay, you write it down. You journal. Why was I wrong? Okay, nice. That means that what you're going to be better the next time. You need to learn from your mistakes. From every mistake that you make, you learn. Like for example, me looking at a chart right now, right? You see those literally clean highs right there? It was as if I knew, right, that. But in reality, you know, it was just, you know, a high probability, you know, bias being correct, right? When we expected the infid to explode again, right? Cuz in my past, you know, there has been, there hasn't been a lot of times when I see highs like that just get left alone. They're always attacked, right? And there, there were times, whereas for example, I would try to, you know, short before these highs, then end up, you know, getting my, you know, ass kicked, right? So because of that, because of the pain, because of all of the mistakes, whenever I see highs like this, it's like, okay, going in there, you understand. And that's literally how you learn, right? How did you know sequential SMT begin to stick with me? How did you see it? It's just that every time I used to lose, it's because of this thing, SMT. I, I just disregard of it. I don't pay attention to it. And afterwards, then I look back at press, I'm like, that's why I lost. That's how you learn by mistakes. The more mistakes you make, the better you'll get. You shouldn't be angry, right? This is a m than process you have to go through that. You have to, you have to go through it, right? It's no one just got up and they just got perfect. They just understand understood this concept, right, right away. They, they didn't make any mistakes. They, they're just no, no, that never happened. There you might see people that, you know, are, you see me and you think that, oh, he was always, he was, um, gifted, you know, he, no, you have to work for it. You have to, you have to work for it, right?

There's some people that are asking questions right now, right? Talking about, you know, there was SMT here, intermarkets SMT here. It's week four, right? And right now, as I said, it's like we're in December for the year. But, you know, in the last, last, you know, week of the month, right? Now you understand, last week of the month, price will begin to get clear again, like where, when, you know, we would just be coming live and we're like, okay, then she going to go here, drop one minute chart. I'm literally here live. Okay, there's a sequence Mt. Then we see press go and we say, okay, I want to see press go here, then it goes down. Like we're going to have that again, right? Literally soon, right? After this week. Why this week? Week is like literally, you know, December for the entire year, right? Just as how, you know, the last two, two hours of the days, like December for the daily cycle. There's no volatility. Or if there is volatility, it's just like this, you know, random move that doesn't make any sense. That wasn't caused by a news event. That wasn't caused by SMT, right? So if you want to, you know, understand more, you got to back back test more, right? Literally, literally. And just because you have one loss, right? Using a concept during week four, if you know that happened to anyone during the last week, actually week four, wa the last week of the month, the last couple days of the month, right? Once you get over to like the 25th of the month, you know, going onward from that, then it's that downhill from there. It's the bulk of your trading should be within the second, third week. You know, scalp in the first week, scalp in the last week, right?

Oh, and another thing, right? Someone's asking, why shouldn't we use hidden SMT all the time? But I just told you, right? Intermarket, when you have intermarket sequential SMT and hidden SMT, it goes hand in hand, right? Da, you had a full-time job and a family with two kids, which would be a strategy to trade? What I would do is I would predominantly be focusing on the weekly cycle. And that's just because, like, you know, if I have a family in case, then I'm trying to, you know, actually make some money, right? So just using the cycle would, you know, be too long of a wait. So if you have the weekly cycle, for example, and you have, you know, FOC, you're focusing on basically Monday, Monday, Tuesday, Wednesdays, and Thursdays, more importantly, Mondays. And look how I skip over Tuesday, right? Monday, Wednesday, and Thursday. Thursday will most, will give you the most, you know, traits, right? When the market is low probability, we usually have W days, like Wednesdays, right? Making the high low week. When the market is high probability, we usually have days like two, not Tuesday, days like Thursdays, making the higher low the week. The cleanest market conditions would have reversals in Q4 of the week. So you want to be, you know, looking for a crack in correlation between Wednesday and Thursday, then you get the higher low today. If it's in London, you will have a cring correlation between the Asian session and the London session. If the Asian session is consolida and, you know, you see that happen, which is a correlation or sequential SMT or just regular SMT, right? Then you're good. But you must have a two-stage setup at least, or at you're trading the weekly cycle. You have sequential assist SMT, then you have a 15-minute precision swing point. As soon as you see that, you know that, you know, it's time for price to turn around, or should be time for price to turn around. Also, you must understand that you cannot be emotionally trading. You need to, like, lock everything off. You, you need to do that. You cannot be in this market and just be like, I have to do this, I have to. You got to, you got to be focused. It doesn't matter what position, you know, like, for example, when I was in the worst positions, you know, a few years back, it, it was nothing to me, right? Hungry, right? I, you know, when you had had nothing, literally just be focused on, I have my parents' name on the door on my door, um, the wall in front of me, my siblings, and it's like, okay, I'm just doing this for you so it can't mess up. It's like, you can't mess up, right? You have to do this. Can have emotions, right?

So we'll be, you know, going over, you know, people asking about, you know, if we can go over other tribes, which, you know, have commodities. Yes, you're going to do that next month. Theory restarted next month, right? So don't worry. Next month. No, it's worrying. Why I say that? We have, you know, a lot coming next month. When setting TP settings, how do we know which opening gap is a target if they're multiple? Well, the ones that overlap with free F gaps tend to get the job done more times than not. And that's something else, which, you know, we'll talk about too. Well, I believe I'll talk about it. I've talked about it before, but, you know, we'll don't think everyone, you know, took it into consideration. So you have all this information now. Lity, right? So everyone here, you can build your own model. You can take what you want. You can, you know, and next month, we'll be going over, well, going over over everything. We'll be, you know, talking about everything. So we'll be reflecting upon everything that we ever talk about, which is of, you know, importance. When using one precision, using one is PR Sint, how can you determine the prision swing print that will cause reversal? The first one that forms, right? And if you're afraid AOW expansion, buy the F Val Gap, sell the F Val Gap, right? And so that's it. That's for Danielle, okay? Now P asks, after a high time frame sequential SMT, how do you know to wait for followup or in time frame this is empty are Precision swing points? To answer to this, yes, prision swing points are actually the answer to many things. Just you, just you're just not focusing on it yet. You don't see, even right now, the high of, you know, S&P 500, NASDAQ, Dow, there's a pris S around the area. Might not be the the highest high, the highest one, but the one before the highest one, right? Prision swing points are, you know, more influential than, you know, even for Val gaps, right? I'd say it would be like chis swing points, so then equal highs, lows, then for Val gaps, right? So, okay, one more. Daniel Obi, I was asking what you said you'll be teaching you. I just want to get an overview. Okay, M Ronaldo, they're real good. So yes, this is recorded. I heard someone say that, I heard someone say that, um, I don't, I lost my FR with that. Anyways, all right, so we will be back this weekend, right? Sunday. Oh, oh, I remember. I remember. Remember, so I heard someone asked about, you know, or say that I'm not recording the screen, which I think I am. Should be. I'm sure. Sure. Yeah. Anyways, we'll have this post at the L as well. And, and I hope that you guys, you know, have a fantastic week. Remember, it's literally Thursday right now. Friday's tomorrow. You don't want to kill yourself, you know, trying to go in the market and trying to find something in the last day. Even though there might be, you know, something, but it's, it's not that, you know, serious. It's the last day of the month, literally, right? We have a perfective, you know, you know, we have amazing conditions coming, which usually come in the summer months, right? And next week is June. So if anything, you know, you want to be chilling until, you know, next week. Like, even, you know, if you find a tra to do, find something to do, you know, demonstrate it, tape it, while you don't want to be, you know, making it a habit, you know, off trying to recuperate all of your losses on the last day of the month. So I hope that this was, you know, insightful to you. And Anthony is saying also, someone was saying, first candle of quarter belongs to previous quarter. What is the right answer? I don't know what that is. What do you mean? Can I understand F Kell of the quarter? Someone help Anthony, please. Is back and yeah, so we'll be back this weekend, right? And for Anthony, there a lot of people here that, you know, can just help you with that simple question. All right, it'll be back this Sunday. Four Force state will that be actually St? Will that be? Yeah, it will be the second of June. And so we'll be going right into a new week. Thank God. New month. So have a nice day, everyone. I hope that you found this insightful. And we will be back this Sunday. If there's anything that you need, you need to be updated on. And we'll probably be testing something. I'm walking it. Heard that since you guys don't like it. And we forget out. Have a nice day. All you want to me is simply obsession. I am the Mar in t on burning the stream. How many times can I ask you? How many days can I go without you? The distance is a killer. Of position. How many days I go without you? Show.