– ICT testifies to a firm Christian faith: Jesus Christ is the only way to God, and salvation comes through his death, burial and resurrection applied by faith (Acts 2:38 referenced). – He argues the Bible is the inspired, historically reliable and prophetic Word of God—not mere myths—and points to secular confirmations and fulfilled prophecy (e.g., Daniel, Isaiah) as evidence. – He gives a personal testimony: coming from a troubled, nonreligious family, he experienced God audibly and through his conscience/Holy Spirit, which brought peace, purpose and accountability to his life. – He explains key theological themes: creation, the fall (Genesis), Lucifer’s rebellion, spiritual warfare, sin’s consequences, and the need for repentance and a “new birth” (water baptism and receiving the Holy Spirit). – He presents typology and hidden meanings in Scripture (e.g., Genesis “bereshit,” Genesis 5 genealogy, Aaron’s rod/brass serpent pointing to Christ) and offers controversial readings (angels/“sons of God” with women in Genesis 6, Cain fathered by the devil, rejection of a trinitarian baptism formula). – He interprets modern events as fulfillments of prophecy: the rise of nations (Daniel’s beasts mapped to Russia, England, Germany, and a fourth coalition), Israel’s 1948 rebirth tied numerically to Genesis genealogies, and increasing lawlessness as signs of the end times. – He warns about Satan’s tactics—seduction, deception and attacks when people or marriages are spiritually unguarded—and stresses the believer’s authority in Christ. – Practical exhortations: be ready to give a reason for your faith, cultivate prayer and praise, seek a personal walk with God, obey the gospel, keep conscience sensitive, and live by faith rather than material success. – He criticizes corrupt or shallow church practices (prosperity teaching, token “getting wet” baptisms) and urges genuine transformation, correct baptism (in Jesus’ name), and Old‑Testament-style faith. – He closes with encouragement: God knows the end from the beginning, suffering can have purpose, believers should praise, trust God in hardship, and prepare spiritually for coming trials.
ICT delivers a long, candid lesson on trading, discipline, and mindset—framed around his son Cameron’s recent success trading a conservative, repeatable intraday model. Main points:
– Embrace humble beginnings. Start small, focus on process not flashy profits. Avoid overleveraging, chasing big wins, social-media pressure, or comparing yourself to others.
– Practical model (what Cameron uses): trade one contract (or one mini) only, look for a single high-probability intraday setup per session, use a defined stop (≈12 handles) and aim for ~10–15 handles. If a qualifying stop-run occurs on the 1–5 minute chart, drop to a 30‑second (or smaller) chart, enter on the first fair-value gap/order-block opportunity, place the stop, and take a limit or partial if you prefer. Trade one setup, take profits, stop trading for the day.
– Discipline & scaling: commit to this stripped-down routine for 60–90 days (demo then live). Build journaling practice to track trades, emotions, and conditions. Only increase contracts incrementally after consistently meeting the rules.
– Psychology & risk management: frequent journaling reveals character flaws (fear, FOMO, greed) to work on. A rigid, simple rule-set protects capital, reduces tilt, and teaches patience. Stop-loss placement is more important than take-profit targets.
– Critique of the industry: warns against paid “algos,” signal sellers, influencer drama and trolls. He emphasizes teaching freely, proving concepts with live examples, and that consistent small gains (e.g., $200/day) compound into meaningful, practical income.
– Personal notes: proud of his son’s maturity and cautious withdrawals, plans to reduce public social activity (scheduled departure from Twitter) to spend more time with family, and challenges listeners to try the simple one‑contract approach rather than chasing complexity.
Bottom line: trade the least necessary, follow a simple repeatable process, protect capital, journal, and incrementally scale only after disciplined consistency.
ICT reviews his trading on an FOMC day and shares practical lessons and market rules from that session:
– FOMC moves are two-stage: an initial “fake” 2:00 PM move (a Judas swing) often runs one way, and the real directional move usually occurs after 2:30 PM and is often the opposite. He prefers trading the reaction, not predicting Fed decisions.
– He used the 5-minute NQ (Sep 2023) chart: identified the 2:00 low → 2:30 high run, drew a Fibonacci with standard-deviation bands to project downside targets (notably near -1 and -2 SD levels), and looked for buy-stop liquidity above prior highs to be taken out before the reversal.
– Trade tactics: trade inside the tail/wick of the 2:00 candle, accumulate short positions during consolidation if a break lower is likely, and use PD arrays and FIB+SD levels to set targets. He prefers pyramiding with defined rules and partial exits.
– Risk and execution lessons from the day: he made sizable profit but was self-critical because emotions and distraction (social-media anger, lack of focus) led him to close early and miss deeper gains. He warns against trading when emotionally compromised, overleveraging, and losing focus.
– Practical advice: keep a constructive trading journal (avoid toxic self-talk), use partials and proper trade management, and don’t emulate inexperienced social-media traders.
– Personal note: he acknowledges battling bipolar disorder, dislikes being “mothered” by critics, and expresses frustration with online trolls and copycat traders.
Overall: focus on structure (2:00/2:30 dynamics), use objective technical tools (5-min charts, FIB with SDs, PD arrays), manage risk and emotions, and learn from journaling and disciplined trade management.
Quiz
1) According to ICT, how does FOMC price action most often behave at 2:00 and 2:30 New York time?
A. 2:00 is the fake move (Judas swing) and 2:30 is the real move, often opposite direction
B. 2:00 is the real move and 2:30 is the fake move
C. Both 2:00 and 2:30 moves go in the same direction most of the time
D. There is no typical pattern at those times
2) Which chart and timeframe did ICT instruct viewers to pull up to follow his analysis?
A. 1-minute ES on TradingView
B. 5-minute NQ (NQZ Sep 2023) on TradingView
C. Daily NASDAQ index chart
D. 15-minute Dow futures chart
3) What specific technical tool did ICT tell viewers to draw between the 2:00 five-minute low and the 2:30 five-minute high?
A. A simple moving average
B. Fibonacci with standard deviations enabled
C. Bollinger Bands
D. MACD divergence lines
4) Which trading approach did ICT say he is NOT?
A. A break-and-retest trader
B. A supply-and-demand trader
C. Both A and B
D. A scalper
5) Which statement best describes ICT’s emotional state and trade outcome that day?
A. He stayed calm, followed his plan exactly, and had no regrets.
B. He lost his focus, traded during an emotional period, made $111,000 on a single trade but regretted closing early and not holding for larger targets.
C. He blew his account and stopped trading permanently.
D. He refused to trade during FOMC and watched passively.
Answer Key with evidence
1) A. Evidence: “the rules I gave you for fomc is what at two o’clock that’s the fake move that’s the Judas swing” (0:05:41–0:05:50). “the real run is going to be after 2:30 which Direction’s that the opposite of what 2:00 the 2:30 was” (0:20:54–0:21:05).
2) B. Evidence: “pull up a five minute chart on NQ on trading view nqz is in zipper 2023 it’s a five minute basis” (0:04:06.599–0:04:13.439). Also referenced when pointing to the 2:00 candle on the five-minute NQZ chart (0:04:48.199–0:05:00.960).
3) B. Evidence: “draw your FIB between those two points the 230 and the 2 o’ and your standard deviation should be projecting a negative standard deviation” (0:12:32.519–0:12:46.519). “draw a fib anchored from that low up to the high formed… if you have your standard deviations on the FIB as I teach… negative -2 standard deviation comes in” (0:24:55.279–0:25:36.360).
4) C. Evidence: “I am not what I’m not a break and retest Trader… I’m not a supply and demand Trader” (0:10:01.079–0:10:16.200).
5) B. Evidence: “you saw me make $111,000 in this one single trade I’m not pleased with myself because I did it at a time when I shouldnt” (0:13:27.680–0:14:37.399). “I closed early… I will be able to trade with a much better focus and hold for those targets instead of making $111,000 $23,800 could have been made” (0:18:34.200–0:18:45.640).
ICT offers a personal, faith-centered talk (not trading advice) that mixes testimony, Bible teaching, and practical exhortation. Key points:
– Purpose: explain his personal Christian faith, answer frequent questions, and encourage listeners to seek God personally rather than follow religion uncritically.
– Personal testimony: describes a troubled childhood, fear of death then dramatic spiritual encounters (a visible sign in the sky), and many answered prayers—most notably his sons’ healings—that confirmed his faith.
– Critique of organized religion: rejects church-industrialism, megachurch culture, and the common preaching of mandatory tithing; argues many pastors “peddle the word for profit.”
– Theology and interpretation: emphasizes a relational, non‑religious Christianity; reads Scripture hebraically and claims the Bible (Hebrew/Greek originals) is inspired. Rejects the traditional doctrine of the Trinity in favor of God manifesting in distinct roles (Father, Son as humanity, Spirit).
– Gospel and salvation: says the New Testament gospel is Jesus—God manifest in the flesh—whose death/ resurrection reconciles mankind. Calls for repentance and baptism “in Jesus’ name for remission of sins” and receiving the Holy Spirit.
– Miracles and gifts: insists signs, wonders, and gifts of the Spirit (healing, tongues, etc.) still operate today.
– Biblical foreshadowing: gives an example (Genesis 5 genealogy) as a hidden messianic message pointing to Jesus; presents Enoch as a type of the raptured believer.
– Eschatology: affirms the Rapture (harpazo), distinguishes it from Christ’s Second Coming, warns of end‑time events (Antichrist, tribulation) and urges readiness.
– Practical Christianity: urges love, forgiveness, charitable action (helping those in need rather than giving money to corrupt ministries), waiting on God, and growing an authentic relationship with Christ.
– Call to action: invites sincere seekers to pray, repent, seek baptism in Jesus’ name, study Scripture directly, and pursue a Spirit‑filled life rather than a mere religious routine.
Overall: a heartfelt appeal to a personal, Scripture‑rooted relationship with Jesus, critical of religious institutions that profit from believers, and urgent about living prepared and faithful in light of end‑time expectations.
Quiz
1) According to ICT in the transcript, which best describes his stance on organized religion?
A. He is a highly religious person who attends a mega-church regularly.
B. He is not a religious person; he has a personal relationship with Christ and does not rely on organized religion.
C. He is an atheist who rejects all faith.
D. He identifies as Catholic and follows church sacraments.
2) What position does ICT take regarding the doctrine of the Trinity?
A. He affirms the traditional Trinity (three persons in one God).
B. He says the Trinity is explicitly taught word-for-word in the Bible.
C. He rejects the Trinity and emphasizes there is one God (Father) who manifested in flesh.
D. He is undecided and says both views are equally valid.
3) In ICT’s explanation, what was the tithe in the Old Testament originally referring to?
A. Ten percent of a person’s gross income (money).
B. A temple tax on merchants.
C. Produce/from the land (not money)—ties to provisions and land produce.
D. A modern church donation practice instituted by Jesus.
4) Which eschatological event does ICT explicitly affirm as biblical and tell listeners to pray about being “counted worthy to escape”?
A. The Great Tribulation (for believers to go through).
B. The Rapture (a removal/harpazo of believers before certain judgments).
C. The Second Coming (Jesus’ return to set foot on earth).
D. Pentecost (descent of the Holy Spirit).
5) What claim does ICT make about Genesis chapter 5 (the genealogy from Adam to Noah)?
A. It teaches detailed laws about tithing.
B. The list of names, read in order, forms a hidden sentence pointing to Jesus as Messiah (a prophetic summary of the Gospel).
C. It proves there were no miracles in the Old Testament.
D. It prescribes how to build the Ark with precise measurements.
Answer Key with evidence:
1) B
Evidence:
– “I’m not a religious person I think the problem in the world today is religion” (0:02:12.060-0:02:21.920).
– “I’m going to talk about distinctions between what I believe and why I don’t subscribe to organized religion like I don’t go to a church like I don’t go to a pastor I don’t have a pastor over me” (0:02:41.459-0:02:57.120).
2) C
Evidence:
– “this is he’s a Triune deity he’s three persons in one to me that’s chaos” (0:14:43.019-0:14:56.339).
– “I believe there’s one God and Deuteronomy 6 4 says Hear o Israel the Lord Our God the Lord is one that means there’s no Trinity” (1:08:24.060-1:08:33.799).
– “the god of the Old Testament is Jesus before he manifests himself in flesh” (1:09:49.739-1:09:56.280).
3) C
Evidence:
– “that was the number one reason why I had to get away from organized religion because they’re fleecing people through ignorance” (1:41:47.940-1:41:51.599; context lines 1:41:47.940-1:42:02.339).
– “the Old Testament does not say give 10 of your money the tithe was always from the land … the word that was always referred to for the word tithe had absolutely nothing to do with money” (1:32:49.059-1:33:12.119 and 1:33:02.340-1:33:12.620).
4) B
Evidence:
– “people out there that talk about there is no Rapture and yes I absolutely believe in the Rapture yes I absolutely do” (0:40:58.619-0:41:03.619).
– “the Rapture is where God calls us up as Believers … that’s the Rapture … the Blessed hope is that you are counted worthy to escape these things that are coming upon the Earth” (2:28:03.660-2:28:16.080 and 2:31:49.439-2:31:56.479).
5) B
Evidence:
– “the order of the names that are listed there … Adam Seth enosh Kenan Mahalalel Jared Enoch Methuselah Lamech and Noah” (2:03:56.460-2:04:12.540).
– “when you take those same names and you read it in order they were born and you read it as a sentence it says … ‘this man is appointed mortal sorrow but the Blessed God shall come down teaching his death shall bring the despairing rest or Comfort’ … that’s the Gospel of Jesus Christ right hidden inside of Genesis chapter 5.” (2:10:12.420-2:10:31.420).
ICT uses the metaphor “burning candlesticks and counting grains of sand” to warn traders against rushing and obsessing over time. New traders often waste time chasing flashy methods, drama, or other people’s results instead of doing the patient, repetitive work required to learn price action and risk management.
Core teaching points:
– Focus on process, not deadlines. Progress comes from consistent study, backtesting and small, repeatable wins rather than trying to “master” the market quickly.
– Use higher timeframes (15m/60m) to identify likely liquidity draws and daily bias, then move to lower timeframes (1m/5m/30s) after a stop-run/disruption in order flow to take tactical entries (fair value gaps, etc.).
– Trade small size, accept incremental profits (e.g., 10-handle targets), use stop losses, and stop trading after a loss day. A high strike-rate approach with disciplined risk management beats unrealistic R:R expectations.
– Mental skills matter: avoid negative influences, protect attention, tolerate discomfort, and build confidence through small rewards and repetition.
He illustrates with his son’s experience: modest, consistent gains from a simple, rule-based approach rebuilt confidence and outpaced traditional jobs. The final advice: stop wasting time, backtest, start small, be patient, and focus on practical, provable methods rather than hype.
Quiz
1) What did ICT mean by the phrase “burning candlesticks and Counting grains of sand”?
A. A poetic image of an alchemist studying markets
B. Traders obsessing over candlesticks while rushing success and worrying about time
C. A specific indicator-based trading strategy
D. A description of high-frequency trading algorithms
2) Which timeframes does ICT primarily recommend students use to identify a likely “draw on liquidity”?
A. Daily and 4‑hour only
B. 15‑minute and 60‑minute (hourly)
C. 1‑minute only
D. Monthly and weekly
3) If an hourly or 15‑minute liquidity level has already been traded to earlier in the day, what does ICT advise the trader to do?
A. Continue trying to trade toward that same level aggressively
B. Wait or trade something else — that framework is no longer usable for the day
C. Immediately drop to a 30‑second chart and increase size
D. Change instruments to find new liquidity
4) What is ICT’s view on standard reward‑to‑risk ratios (e.g., 3:1) for execution in live trading?
A. They are essential and must be used on every trade
B. They are theoretical myths; high strike rate and real execution matter more
C. They only apply to algorithmic traders
D. They are the only way to be profitable long term
5) What practical technique does ICT recommend for learning to hold a trade when you feel uncomfortable?
A. Always take the first profit and never hold
B. Move your stop loss to breakeven immediately
C. Take incremental exits; when discomfort hits wait two minutes before closing, then log the result and repeat
D. Double down to reduce psychological pressure
Answer key with evidence:
1) Correct: B
Evidence: “no it’s it’s us as Traders when we first start and we’re looking at these candlesticks on the chart and we’re trying to make sense of it all and pursue a dream … and we’re always at the same time counting the grains of sand I’m running out of time” (approx. 0:02:15–0:02:50). Also: “placing too much emphasis on getting there on a time that you want … and trying to do a whole lot more than what’s necessary staring at the charts” (approx. 0:02:58–0:03:11).
2) Correct: B
Evidence: “I told him if if it makes it easier for him to focus on a 15‑minute chart or a 60 Minute chart so hourly or 15 minute time frame he needs to see where the market is likely to draw to” (approx. 0:16:28–0:16:35). Also earlier: “I use a lot of lower time frame … I use a lot of lower time frame charts” (approx. 0:05:16–0:05:24).
3) Correct: B
Evidence: “if that hourly or 15 minute time frame draw on liquidity amounts you think that the Market’s going to go higher or lower … if it has traded to it one time he’s done he can’t use it he can’t use that framework he has to wait another day or trade something else” (approx. 0:23:27–0:23:36 and 0:44:42–0:44:51).
4) Correct: B
Evidence: “he just said he’s using a negative r yes because your reward to risk model [ __ ] is a myth it’s a [ __ ] myth” and “you don’t need to have a [ __ ] three to one … if you have a high strike rate” (approx. 0:36:09–0:36:23 and 0:36:46–0:36:58).
5) Correct: C
Evidence: “you take incremental exits and you hold yourself to the fact that this is what my trade was and I’m feeling discomfort as soon as you feel the discomfort close it and then watch the trade pan out … the next time you feel that uncomfortable point and you want to get out of the trade wait two minutes not one two literally two minutes and then if you still feel uncomfortable close the trade again then log it” (approx. 0:55:25–0:56:04).
Main theme
– Treat your current adversities — fears, doubts, bad habits — as objectives to attack and overcome. Reframing obstacles as targets of opportunity is the pathway to consistent progress in trading and life.
Mindset and practice
– Trust the process: learning is modular and slow; don’t rush to the “end result.” Accept normal early worries (fear of loss, low strike rate) but stop obsessing over them.
– Replace negative “what if” thinking with constructive self-talk and a focus on small, steady improvement.
Concrete steps
– Journal: privately list and prioritize your present adversities, record trades (expectation, feeling, outcome) and reflect. Use this to identify root causes (often impulsiveness).
– Backtest and study market behavior to build reliable patterns and confidence; use objective criteria rather than hope or hype.
– Build rules and routines: pick a primary method/PD array to focus on, but learn multiple entry tactics over time. Trade with the lowest practical leverage and defined risk limits; accept small, controlled losses as learning.
Behavioral and social advice
– Cut toxic influences (negative media, critics, draining people). Guard your mind and time.
– Avoid gambling mentality and shortcuts seeking overnight riches; discipline, repetition and experience earn real confidence.
Long-term perspective
– Adversity will recur at higher levels; keep humility and keep addressing new challenges. Success is earned by consistent work, good risk management, honest reflection and protecting your mental environment.
– Aim for sustainable progress and a legacy (skills and stability) rather than instant displays of wealth.
Quiz
1) According to ICT, what should you treat your adversities as?
A. Permanent failures to accept
B. Objectives to overcome
C. Reasons to quit trading
D. Topics to post about publicly
2) How many entry methods does ICT say he has developed?
A. 8
B. 18
C. 81
D. 108
3) ICT asks listeners to write honest journal entries before what market event/time?
A. Before the NYSE opens on Monday morning
B. Before the Market opens on Sunday at 6 PM Eastern Time
C. Before the monthly options expiry
D. Before the daily opening auction
4) What does ICT recommend as a way to overcome fear of losing money when you begin trading?
A. Trade large sizes to get used to risk
B. Avoid journaling and just trade instinctively
C. Lose in very small, absorbable increments and use a concrete plan (e.g., micro lots, rules)
D. Only follow social media trade calls
5) Which analogy does ICT use to describe picking a primary trading approach you will gravitate to?
A. Choosing a car model
B. Selecting a single favorite stock
C. Bob Ross using a few paintbrushes he relied on most
D. Building a house with many contractors
Answer Key with evidence:
1) B — Objectives to overcome.
Evidence: “today’s discussion is when adversity becomes your objectives to overcome” (0:00:45.480 – 0:00:49.500).
2) C — 81.
Evidence: “I’m here I’m talking to you now and I have 81 entry methods now” (0:11:21.839 – 0:11:28.200).
3) B — Before the Market opens on Sunday at 6 PM Eastern Time.
Evidence: “this weekend … before The Market opens on Sunday at 6 PM Eastern Time” (0:14:16.680 – 0:14:24.540).
4) C — Lose in very small, absorbable increments and use a concrete plan (micro lots, rules).
Evidence: “I’m afraid to lose ICT I’m afraid that I’m going to take a loss okay go out and lose … in a manner where you can absorb it very very small very very small little paper cuts” (0:40:20.820 – 0:40:37.680). And: “you have a [__] plan with rules that says I can only trade at this time … I can’t risk more than a micro lot single micro lot” (0:41:01.440 – 0:41:18.000).
5) C — Bob Ross using a few paintbrushes he relied on most.
Evidence: “pick one PD array … that’s just the way it is … Bob Ross you know he had he had several brushes there when he was painting … but most of the time he used that fan brush and that fine bristled one” (0:26:57.120 – 0:27:42.600).
ICT’s main message: prop‑firm funded accounts are not the only—or a guaranteed—path to trading success. Relying solely on them is risky; instead, focus first on actually learning to read price and manage risk, then monetize that skill in multiple, sustainable ways.
Key points:
– Charges/closures of prop firms may be temporary or lead to regulation; don’t hinge your future on them.
– The critical foundation is skill: consistent, patient, disciplined trading and sound risk management—without that, cheap prop challenges are worthless.
– Alternatives to prop firms: find angel investors or limited partnerships, build a public trading presence (YouTube/Twitter/Discord/Telegram), create paid communities or mentorships, offer commentary/signal-style services—these can generate real income and liquidity.
– You can use demo trading publicly (if disclosed) to prove your method, avoid legal risk, and build trust before moving to live funds.
– Treat your trading career like a business: be honest, compliant (disclaimers, no investment advice), avoid drama/controversy, and schedule content to build an audience.
– Don’t feel guilty charging for your time or expertise—monetizing responsibly is legitimate and often smarter than risky live trading for exposure.
– Practical advice: diversify resources (withdraw and place real profits in a brokerage), don’t overleverage funded accounts, and reinvest/compound patiently rather than chasing instant windfalls.
– Final encouragement: broaden your perspective, develop the skill set, and you’ll find many legitimate, low‑risk ways to earn—even if prop firms disappear.
Quiz
1) According to ICT, which statement best reflects his view about prop firms? A. Prop firms are the only way to become a successful trader. B. Prop firms guarantee you a lifelong trading career. C. Prop firms are one option, but they are not the only way — you must learn how to trade. D. ICT is officially affiliated with multiple prop firms and recommends them.
2) If a trader is skilled but lacks capital, what pathway does ICT recommend? A. Keep waiting for prop firms to be the only solution. B. Immediately move to live account trading without proof. C. Build a public record (YouTube/community), show consistent results, and attract investors/limited partnerships. D. Hide trading results and trade privately to avoid scrutiny.
3) What does ICT say about using demo accounts publicly?
A. Demo trading is worthless and will never build trust.
B. Demo trading should be hidden; only live accounts matter.
C. Demo trading can legitimately build an audience and a business if you’re honest and transparent about it.
D. Demo trading is illegal and will get you banned.
4) When you do receive payouts from a prop-style funding or short-term windfall, what practical advice does ICT give?
A. Reinvest everything back into more prop challenges immediately.
B. Spend the money on luxury items to celebrate success.
C. Withdraw some, diversify by putting funds into a real brokerage account where you have liquidity and control.
D. Leave the money locked in the funded account forever.
5) What is ICT’s stance on charging for mentorship or monetizing your trading time?
A. You must give your time away for free because others do.
B. Charging is wrong and damages the community.
C. Charging for your time or services is acceptable — your time is not owed to anyone and running a business is legitimate.
D. Only ICT is allowed to monetize; others should not.
Answer key with evidence:
1 — C
Evidence: “this is not the only way like it’s not the only way that you can arrive at your dream as a traitor” (00:02:36.120–00:02:46.580) and “you have to learn how to trade if you don’t know how to trade it doesn’t matter” (00:02:29.940–00:02:40.979).
2 — C
Evidence: “there are people out there that act as Angel Investors they want to have someone that knows how to do it and they will front you” (00:06:06.660–00:06:15.960) and “show a track record with that or you show yourself able to do it how you do that YouTube channel build a community” (00:10:51.720–00:11:03.779).
3 — C
Evidence: “I made a multi multi multi multi multi-million dollar Empire on a [ __ ] demo account” (00:20:25.440–00:20:30.679) and “you can literally never have to ever take a trade ever again… you can trade with a demo in front of people and just be honest and tell them I’m doing with demo” (00:27:24.900–00:28:23.159).
4 — C
Evidence: “if you’re doing that take some of that out put it aside that way you have money to trade with in a real brokerage account” (00:50:55.980–00:51:05.579) and “you want to be liquid … you’re really not liquid in these funded accounts” (00:51:41.880–00:51:48.780).
5 — C
Evidence: “you don’t owe anybody anything for free … nobody does I don’t owe you my time for free” (00:23:34.500–00:23:39.480) and “you’re running a business … you’re not wrong for doing so” (00:24:00.659–00:24:06.960).
Michael, “Inner Circle Trader” announces he will leave Twitter on Nov 11, 2023, take a holiday break, and pause teaching until the second Tuesday of February 2024. He plans to cut distractions, spend more time with family, and limit his online presence. Starting in 2024 he’ll publish very short, live, unedited morning briefings (under ~10 minutes) on YouTube and SoundCloud that give his daily bias, key levels, and what market setups to watch—primarily focused on whatever market he’s trading that day (e.g., NASDAQ). These snippets are concise instructions for his students (“the boys”)—not step-by-step charting—emphasizing draw to liquidity and a disciplined approach (don’t act if setup isn’t present; if stopped, wait for the afternoon session). He won’t monetize SoundCloud and allows others to repost the recordings; he also says he’s unconcerned about critics or copycats. He’s dropping the formal ICT branding and will present as himself, promising to return in 2024 refreshed and more focused.
ICT issues an urgent warning about imminent financial and social disruptions and gives practical preparedness advice.
Main points
– Recent event: a funded prop‑firm was shut down and clients can’t access funds. This illustrates a wider risk: money held by third parties (prop firms, some banks, or digital platforms) may become inaccessible.
– Action on profits: don’t leave earnings parked where you can’t touch them. Withdraw profits regularly (weekly/bi‑weekly or at least every ~20 days) and move funds to a real brokerage or into usable, tangible forms.
– Convert risk-prone holdings: diversify and consider turning some money into tangible, usable goods (non‑perishable food, OTC medicines, clothing, shoes, household supplies, furnace filters) rather than luxury spending or flashy items.
– Short‑term cash and logistics: keep some cash at home (suggested $2,500–$3,000), keep vehicle fuel above ~¼–½ tank, and maintain stocks of water and filters.
– Stockpiling guidance: aim for multiple months of non‑perishables (3 months minimum; likely more needed). Cycle and replace what you use.
– Beware of tech/banking risks: be cautious with crypto, CBDC controls, banks that can “debank” you, and digital surveillance (phones, tracking). Don’t assume decentralization makes assets immune.
– Personal security and behavior: stop flaunting wealth on social media, be discreet, prepare for possible civil unrest, home invasions, supply shortages and higher prices (canned goods tariffs, supply chains stressed).
– Mindset & family: prioritize feeding and protecting dependents, take care of medical needs and household basics now; organize daily actions toward preparedness rather than chasing clout or reckless trading.
– Tone: this is a call to urgent, practical preparation (not panic). The speaker hopes to be wrong but urges listeners to act now to hedge risk.
Bottom line: know where your money is — if it’s not accessible to you, treat it as not yours — and convert some financial gains into tangible supplies, cash, and safer accounts to protect your household against likely near‑term disruptions.
Quiz
1) According to ICT, what should you do with money as you make it from trading?
A. Reinvest all of it back into the funded account to grow faster
B. Withdraw it regularly (weekly/bi-weekly/monthly) and take it out of the platform
C. Keep it in the funded account as a cushion for larger trades
D. Spend it on luxury dining and showing off on social media
2) What did ICT say happened to the funded-account firm he referenced?
A. It expanded into new markets
B. It had regulatory/authorities’ intervention and its operations and payouts were locked up
C. It issued large bonuses to traders
D. It merged with a major broker
3) Into which of the following did ICT recommend converting earnings (making them tangible)?
A. High-end watches and flashy jewelry
B. Crypto tokens and NFTs
C. Non-perishable food, over-the-counter medicine, clothing, shoes, and household items
D. Long-term CDs and bank deposits only
4) How much cash on hand did ICT suggest you should have available and spendable right now?
A. $100–$500
B. $10,000–$15,000
C. At least $2,500–$3,000 in new spendable cash kept in your house/pocket
D. No cash; keep everything in the bank
5) What was ICT’s characterization of cryptocurrencies like Bitcoin?
A. A completely decentralized safe-haven asset regulators cannot touch
B. A long-term guaranteed store of value immune to manipulation
C. A large psyop/scam and vulnerable once futures/contracts and institutional mechanisms are applied
D. The best way to keep your money safe from government action
Answer key and evidence:
Q1 Answer: B
Evidence: “stop thinking about getting rich… as you make it take it out weekly bi-weekly once a month whatever… you better be taking money out every single 20 days or more” (around 0:23:16–0:23:36 and reiterated later 0:43:16–0:44:20).
Q2 Answer: B
Evidence: “there was a funded account company that … had the hand laid on them and everything got locked up and they can’t do anything I can’t touch any of the money they can’t pay out they can’t allow you to trade they can’t operate as a business” (around 0:02:34–0:02:56).
Q3 Answer: C
Evidence: “I would be taking that [money] and turning it into tangible things like non-perishable food, over-the-counter medicines, clothing, shoes, household things that you need” (around 0:20:31–0:20:46).
Q4 Answer: C
Evidence: “get some cash on hand as much as you feel like you should have on here I think at least twenty five hundred dollars three thousand spendable right now put it in your pocket new cash put it in in your house somewhere” (around 0:30:34–0:30:44).
Q5 Answer: C
Evidence: “that’s the biggest [__] scam frauding piece of [__] operation they’ve ever pulled on anybody it’s a psyop… once you put a Futures Contract on it your unicorn lost its horn” (around 0:40:36–0:40:42 and 0:41:17–0:41:27).
This talk’s central message: to “know your model will deliver” you must master yourself and the market through patience, discipline, and repeated study. Key points:
– Four psychological barriers prevent trusting a trading model: impatience, impulsiveness, fear, and greed. They arise from inexperience, poor self-knowledge, and weak habits.
– Remedy these by learning who you are as a trader, choosing an approach that fits your personality (scalping, day, swing, position), and committing to one model long enough to build real experience.
– Replace noise and herd thinking with focused study of price delivery—how markets actually move (programs, buy/sell runs, inefficiencies)—rather than over-relying on lagging indicators.
– Use rigorous backtesting, journaling, and case studies to create “pseudo-experience,” train recognition by repetition, quantify drawdowns/times-to-target, and remove fear.
– Accept market risks (manual intervention, flash events) and practice sound money management and impeccable trade management; these two topics are essential to a complete, winning approach.
– Control impulses: avoid trading when emotionally compromised, don’t chase wins, don’t overleverage, and don’t live your trading life on social media.
– Practical discipline: trade within scheduled windows you can attend, be patient for setups, and protect gains by following your model and rules.
– Outcome: with time, repetition, and self-discipline you’ll know when your model will form and confidently execute without emotion.
The speaker confesses personal fallibility (trading emotionally during family stress) as a warning: everyone slips, but you must fix habits yourself. Recognition and competence come through months/years of persistent practice—there are no shortcuts.
Quiz
1) According to ICT in the transcript, which is described as “the biggest hurdle in front of every Trader”?
A. Fear
B. Impatience
C. Greed
D. Overtrading
2) ICT names four central tenets that keep traders from trusting their model. Which of the following is NOT one of those four tenets?
A. Impulsiveness
B. Fear
C. Greed
D. Over-optimization
3) What method does ICT recommend to conquer fear about a trading approach?
A. Join multiple live trading chats to build confidence
B. Backtesting and journaling case studies of expected trades
C. Increase position size to force conviction
D. Rely solely on indicators for signals
4) ICT refers to “manual intervention” in markets. Which description matches what he calls manual intervention? A. Algorithmic spooling that always follows indicators B. Institutional order flow offering continuously higher prices C. When the powers that be force price to move and stops are not respected D. Retail traders collectively moving price via forums
5) ICT lists four questions traders should know about their model (the “four things”). Which of these is NOT one of the four he names?
A. Who
B. How
C. What
D. When
Answer Key:
1) B — Evidence: “the first topic I want to touch on is impatience… I think that largely this is the the biggest hurdle in front of every Trader” (0:04:03.959-0:04:23.239)
2) D — Evidence: “it’s the four Central tenants that keeps you from trusting and knowing that your model will deliver… generally they’re in this order impatience impulsiveness fear greed” (0:55:21.960-0:55:59.339)
3) B — Evidence: “fear is the lack of journaled case studies… how do you get over it by back testing and journaling case studies of what you are expected to do when you’re trading live” (0:41:19.079-0:41:56.040)
4) C — Evidence: “it will not do anything but unless manual intervention steps in… it will not respect your stop loss… that’s a trade that you were in… you experienced manual intervention” (0:24:32.700-0:25:17.880)
5) A — Evidence: “we’re looking at four things here how what why and when” (1:06:04.440-1:06:14.520)
