Summary — ICT Twitter Space

– Market update: ICT describes extremely unusual intraday volatility in the S&P—more extreme than in 30 years—driven by liquidity gaps and rapid moves. He expects continued wild swings into year-end and thinks many retail traders will suffer large losses.

– Technical read: He expected the daily equal lows to be taken out (target 3570) and saw price hit weekly fair-value gaps (he notes ~3400 remains in play as a possible next leg lower). He warns that the recent dip is not necessarily a lasting bottom and that such moves are often traps used by market makers to harvest liquidity.

– Trading actions today: He almost took bigger, aggressive positions but resisted, exited with only the trades he showed, and is thankful he avoided overtrading. He reports modest position sizes (largest ~12 contracts) and is satisfied with his monthly result so far.

– Risk management rule he stresses: after a losing trade, drop risk (e.g., to half) on the next trades until you recoup half the loss; then reset to your prior risk. Repeat scaling down if losses continue. This is to control drawdown and emotional pressure.

– Psychology and personal disclosure: ICT candidly discusses his own emotional volatility (including bipolar tendencies), how life stress (notably a fraught house purchase) impacted him, and why that made him almost take revenge trades. He strongly advises avoiding the market when emotionally compromised—turn off charts, walk away, and don’t chase feel‑good wins.

– On other traders/content: He praises honest traders who share struggles (mentions “Corbs”) as valuable learning tools on trader psychology, and criticizes gurus who push quick fixes.

– Broader views: He warns that crypto/blockchain developments are being repurposed for central bank digital currencies and that individuals cannot “beat” central banking—advice is to align with reality rather than oppose it.

– Closing: Reiterates caution about upcoming economic prints (mentions 8:30 and 10:00) and encourages disciplined risk control, routine, and self-awareness over impulsive, ego-driven trading.