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YOU NEED TO WRITE THIS DOWN !!! ICT Trading Motivation

BlaYZii FX2024-01-04
trading#ict#silver bullet#motivation#forex#backtesting#getting rich#trading motication#rat race
4K views|6 months ago
💫 Short Summary

The video emphasizes the importance of market movements within a 40 Pips range, New York session times, managing losses, avoiding market manipulation tactics, identifying buy and sell signals, focusing on medium or high impact news drivers, limiting exposure and risk, managing trading habits, and trading discipline. It also highlights the significance of patience, discipline, strategic decision-making, and developing a unique trading style aligned with risk tolerance. The speaker reflects on personal struggles and market conditions, urging traders to master themselves and adapt to unpredictable environments for trading success.

✨ Highlights
📊 Transcript
Importance of market movements and note-taking in a 40 Pips range.
01:49
New York session times are crucial for trading decisions, other time zones are not as relevant.
Strategy of waiting for prices to fluctuate within specific thresholds before trading.
Focus on fair value gaps and market price movements.
Challenge to viewers to test their knowledge of market dynamics.
Importance of managing losses in trading.
05:32
Speaker compares managing losses to everyday expenses like car maintenance.
Strategies for handling losses include waiting for market shifts and managing risk.
Accepting that losses are inevitable and focusing on effective management can lead to recovery and potential profit.
Significance of swing lows and fair value gaps in trading decisions, emphasizing patience and strategic entries based on market behavior.
Market manipulation tactics in trading.
08:39
Traders are often influenced by false signals, leading to poor decisions driven by FOMO.
Recognizing market efficiency paradigms and institutional mindsets is crucial for making smart trading decisions.
Emphasis on the concept of smart money, which involves taking the opposing view to market sentiment for profit.
Traders are warned against being induced by excitement and rushing into trades blindly, as a small circle of entities may leverage the greater community for trading advantage.
Discussion on sell-side liquidity and fair value gaps in trading.
11:24
Challenging the concept of fair value gap taught by George Angell, stating it is not in any of his works.
Insights into trading strategies based on market events and timeframes, with a focus on bullish scenarios in the Forex market.
Emphasis on the significance of London trading sessions in shaping market behavior and predicting price movements.
Importance of focusing on medium or high impact news drivers for trading decisions.
15:04
Wait for market shifts and follow the narrative for successful trades.
Significance of fair value gaps and short-term highs in determining trade strategies.
Adjust leverage based on market conditions to optimize trading outcomes.
Emphasis on patience, discipline, analyzing weekly trends, and avoiding unnecessary risks in trading.
Importance of Risk Management in Trading
20:07
Cutting down contract sizes after a loss and stopping trading if losses persist are key strategies.
Control factors are crucial to maintaining solvency and avoiding excessive risks.
Following others who take excessive risks is discouraged.
Emphasis is placed on learning and building a solid foundation before increasing exposure to prevent the development of bad habits.
Importance of Managing Trading Habits
21:50
Avoid overleveraging and risking all equity on single trades to prevent discouragement and losses.
Do not trade on Fridays after a winning week to avoid giving back gains due to market trends.
Focus on consistent profit-making rather than social media image or others' opinions.
Following rules and maintaining discipline are crucial for long-term success in trading.
Importance of Trading Discipline
24:26
Recovery of losses should be systematic before increasing contract sizes.
Reckless trading is discouraged, emphasizing the need for a principled mindset and strategic decision-making.
Consistency and patience are key for successful trading, avoiding impulsive actions and following a well-defined trading plan.
Developing a unique trading style aligned with risk tolerance is encouraged, highlighting the significance of careful observation, strategic planning, and disciplined execution for trading success.
Speaker reflects on past experiences and struggles with OCD tendencies while making decisions about furniture and household items.
30:13
Speaker emphasizes the difficult market conditions for traders, calling it the hardest time in the past 30 years.
Speaker commends consistently profitable traders in challenging conditions.
Highlights the significant division between successful and struggling traders.
Importance of mastering oneself for success in trading.
31:50
Current market environment is unpredictable, requiring traders to be nimble and adaptable.
Concerns about potential deterioration of trading conditions and challenges in finding profitable setups.
Desire for a return to a previous trading climate for increased precision.
Focus on observing market trends and adapting trading strategies accordingly.