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Would you like to inspect the original subtitles? These are the user uploaded subtitles that are being translated: 1 00:00:00,800 --> 00:00:05,820 So here is a really simple graph that displays how your performance develops 2 00:00:05,820 --> 00:00:11,100 over time as we build competence in a new skill. So we start at the stage of 3 00:00:11,100 --> 00:00:15,200 being what's called unconsciously incompetent. So this is where we don't 4 00:00:15,200 --> 00:00:19,500 know that we don't have a certain skill or that we even need to learn it. So at 5 00:00:19,500 --> 00:00:24,080 this point we have the wrong intuition and a complete lack of awareness. So I'm 6 00:00:24,080 --> 00:00:28,040 going to use driving a car as an analogy just to explain this a little bit easier. 7 00:00:28,040 --> 00:00:32,600 So let's say when you know you're a baby we don't really know that we don't have 8 00:00:32,600 --> 00:00:36,060 the skill to drive a car or that we will even one day you know need to learn how 9 00:00:36,060 --> 00:00:40,760 to drive a car right because we are unconsciously incompetent. In trading 10 00:00:40,760 --> 00:00:44,160 this can be likened to someone who who doesn't even know what the financial 11 00:00:44,160 --> 00:00:48,100 markets really are or what trading even is yet. They don't know what they don't 12 00:00:48,100 --> 00:00:52,560 know. But then we move on to stage two which is where most new traders are. So 13 00:00:52,560 --> 00:00:56,840 they are consciously incompetent. So now you know you're aware that you don't 14 00:00:56,840 --> 00:00:58,020 have a particular skill and you don't know what you're doing. So you're 15 00:00:58,020 --> 00:01:02,160 not yet proficient in it so you have the wrong analysis. So this is kind of like 16 00:01:02,160 --> 00:01:06,240 say when you're a child or a young teenager we start to become consciously 17 00:01:06,240 --> 00:01:10,020 aware that we don't know how to drive a car. We are conscious that we are 18 00:01:10,020 --> 00:01:13,640 unskilled in this area right. So in trading this is often where beginners 19 00:01:13,640 --> 00:01:17,400 start out. They are aware of what trading is but they quickly realize that they 20 00:01:17,400 --> 00:01:22,820 have the wrong analysis and they don't really know how to trade correctly. So 21 00:01:22,820 --> 00:01:27,420 then entering into the third stage we now become consciously competent. So we 22 00:01:27,420 --> 00:01:31,440 now know that we have the skill, we start to have the right analysis but only 23 00:01:31,440 --> 00:01:36,060 with continuous and conscious effort. So when we are a young adult you know 24 00:01:36,060 --> 00:01:40,140 potentially we have driving lessons and we finally learn how to drive. So we now 25 00:01:40,140 --> 00:01:43,860 know how to do it but it still requires quite a lot of mental effort. You know 26 00:01:43,860 --> 00:01:46,360 you're always when you're first driving you kind of have to talk through the 27 00:01:46,360 --> 00:01:50,160 actions in your head. You know thinking about what pedal to push your foot down 28 00:01:50,160 --> 00:01:53,860 on, putting the car into the right gear, making sure to remember to check all of 29 00:01:53,860 --> 00:01:56,580 the car mirrors and you know to indicate before turning etc. 30 00:01:57,420 --> 00:02:01,320 We are consciously skilled, we do know how to do it but we have to keep 31 00:02:01,320 --> 00:02:05,820 actively thinking about how we are doing it right to try and do it correctly with 32 00:02:05,820 --> 00:02:09,660 a lot of mental effort. So in trading this is where we start to regularly get 33 00:02:09,660 --> 00:02:14,280 our analysis right and we start to stop making common psychological errors. You 34 00:02:14,280 --> 00:02:17,820 know we start to consistently make money but it requires a lot of effort to make 35 00:02:17,820 --> 00:02:21,360 sure that you know we stay on top of our routine, we have to work very hard at 36 00:02:21,360 --> 00:02:26,340 reviewing our trades and spend hours making sure our analysis is correct. Then 37 00:02:27,420 --> 00:02:31,560 we get to the point where we are in that stage where we become unconsciously 38 00:02:31,560 --> 00:02:35,400 competent. So now we don't even really know that we have this skill just in 39 00:02:35,400 --> 00:02:38,540 terms of you know we don't really think about it, it just seems easy and 40 00:02:38,540 --> 00:02:43,080 automatic. We have developed the right natural intuition. So after a few months 41 00:02:43,080 --> 00:02:46,920 or maybe even a few years of driving right driving it becomes pretty much 42 00:02:46,920 --> 00:02:50,760 effortless right. We can hop into our cars, drive to our destination with very 43 00:02:50,760 --> 00:02:57,120 little thought of what we are doing. If you think of say a mum right and she's driving home and she's got three kids screaming and fighting each other in the 44 00:02:57,120 --> 00:03:01,320 in the back and she's holding her phone on loudspeaker in one hand and she's attending a 45 00:03:01,320 --> 00:03:04,740 conference call for her job you know while she's shifting gears and steering the wheel with her 46 00:03:04,740 --> 00:03:09,800 other free hand you know all at that same time navigating through rush hour traffic right and 47 00:03:09,800 --> 00:03:13,920 she's doing pretty much all of this just subconsciously. So for those that do drive 48 00:03:13,920 --> 00:03:17,780 you know how many times have you gotten your car from somewhere you've driven home and then when 49 00:03:17,780 --> 00:03:21,620 you arrive home you pull up you suddenly realize you have no memory of the last few minutes of 50 00:03:21,620 --> 00:03:26,480 navigating the roads towards your home. This is because the skill of driving especially around 51 00:03:26,480 --> 00:03:30,760 your local roads it's just so deeply ingrained to your subconscious you know it's pretty much 52 00:03:30,760 --> 00:03:37,080 automatic you don't have to think about it because you are unconsciously competent. So this this is 53 00:03:37,080 --> 00:03:41,620 the ultimate end goal for our training where we just naturally have the right intuition you know 54 00:03:41,620 --> 00:03:46,380 it's almost like having a sixth sense in the market and trading then becomes relatively effortless 55 00:03:46,380 --> 00:03:51,440 because it is now a natural skill and you almost fill up one with the market. Your analytical 56 00:03:51,440 --> 00:03:56,340 skills are sharp and you are nearing emotional mastery. So my mission is to get each and every 57 00:03:56,340 --> 00:03:56,460 one of you to do the same thing. So I'm going to show you how to do that. So I'm going to show you 58 00:03:56,460 --> 00:04:01,440 to reach this stage where your training becomes relatively effortless and you consistently pull 59 00:04:01,440 --> 00:04:07,320 money out of the markets month on month quarter on quarter year on year. So as you go through the 60 00:04:07,320 --> 00:04:11,460 lessons in the course you know particularly the lessons in this module you may initially think 61 00:04:11,460 --> 00:04:15,740 that you know you completely understand everything it makes sense right as you go through it you've 62 00:04:15,740 --> 00:04:20,340 made detailed notes but what I pretty much can guarantee you will find is if you come back and 63 00:04:20,340 --> 00:04:24,820 watch it again right even just a few weeks later you will find that you will learn so many new 64 00:04:24,820 --> 00:04:26,440 things that your brain just doesn't know how to do it. So I'm going to show you how to do it. 65 00:04:26,460 --> 00:04:31,120 previously pick up on know as being that important and this happens because 66 00:04:31,120 --> 00:04:36,860 essentially as your training experience starts to unfold your interpretation and understanding 67 00:04:36,860 --> 00:04:41,620 of the concepts that you're about to learn that will change and develop too. So you will take 68 00:04:41,620 --> 00:04:45,900 away more lessons as your conscious evolution progresses through those stages that we have 69 00:04:45,900 --> 00:04:51,020 just outlined. So my advice is to come back to this module re-watch and study these lessons 70 00:04:51,020 --> 00:04:56,320 continuously along your training journey. More specifically I would highly recommend 71 00:04:56,320 --> 00:05:00,660 that you follow this three-step process. So the first time you watch a lesson just watch it with 72 00:05:00,660 --> 00:05:04,860 your full attention you know don't do anything else put your phone on do not disturb chuck your 73 00:05:04,860 --> 00:05:09,640 phone out the room right out of sight out of mind this is your time where you are investing in 74 00:05:09,640 --> 00:05:14,940 yourself so be professional and take it seriously. So once you've watched it the first time re-watch 75 00:05:14,940 --> 00:05:19,760 the lesson straight away after but this time I want you to take detailed notes then have a little 76 00:05:19,760 --> 00:05:24,140 break right go for a walk get some fresh air do whatever you need to do and then come back and 77 00:05:24,140 --> 00:05:25,720 re-watch the lesson for a third time. 78 00:05:26,320 --> 00:05:30,180 This time you want to be adding to your notes you know anything that you may have not quite picked up 79 00:05:30,180 --> 00:05:34,780 on and potentially missed the previous two times so you can essentially just you know make notes 80 00:05:34,780 --> 00:05:41,420 of your notes. Now if you do take the time to do this and you don't rush I guarantee you it will 81 00:05:41,420 --> 00:05:46,420 make such a difference to the speed of your learning curve and yes you know although it will 82 00:05:46,420 --> 00:05:51,260 take you longer to actually complete the course content you know compared to someone who who only 83 00:05:51,260 --> 00:05:55,740 watches the videos once or even twice you will actually increase your chances of becoming 84 00:05:56,320 --> 00:06:01,780 consistently profitable before them. Why? Well because they are more likely to not have truly 85 00:06:01,780 --> 00:06:06,440 understood the concepts to the same degree that you have and they will just end up having to 86 00:06:06,440 --> 00:06:11,440 revise the content at a later date right to start from scratch and I see this happen all of the time. 87 00:06:12,240 --> 00:06:18,380 Remember training is a marathon not a sprint. If you have ever watched Olympic weightlifting 88 00:06:18,380 --> 00:06:22,820 you will know about the complex movement called the clean and jerk and this movement requires you 89 00:06:22,820 --> 00:06:26,220 to be able to perform multiple compound lifts all in one go. 90 00:06:26,320 --> 00:06:31,140 It's an extremely complex and advanced movement especially when you start to pile on really 91 00:06:31,140 --> 00:06:35,840 heavy weight onto the bar. So when you watch a world-class athlete perform this movement in a 92 00:06:35,840 --> 00:06:40,280 competition they literally walk up to the bar and they just seamlessly throw it above their head 93 00:06:40,280 --> 00:06:45,080 almost in one simple smooth action you know without really even consciously thinking about it 94 00:06:45,080 --> 00:06:49,460 and that is what it looks like when they are performing that on the world stage but what did 95 00:06:49,460 --> 00:06:55,040 it take them to get to that point? Well they would have had to spend years and years working on each 96 00:06:55,040 --> 00:06:56,160 individual part of the movement and they would have had to spend years and years working on each 97 00:06:56,160 --> 00:06:56,300 individual part of the movement and they would have had to spend years and years working on each 98 00:06:56,300 --> 00:06:59,480 individual part of that complex lift. You know they don't just walk into the gym and just 99 00:06:59,480 --> 00:07:03,640 constantly do clean and jerks for their entire session just trying to pack on as much weight as 100 00:07:03,640 --> 00:07:09,040 possible. That is not smart training and it will only get you so far before you you know you either 101 00:07:09,040 --> 00:07:14,320 injure yourself or you hit up a toe and you can't lift any heavier weight no matter how hard you try. 102 00:07:15,120 --> 00:07:20,760 So instead you need to master each individual part of the lift that makes up the whole. So you 103 00:07:20,760 --> 00:07:25,260 need to practice and get extremely proficient at deadlifting then once you can deadlift the bar 104 00:07:25,260 --> 00:07:26,140 off the ground efficiently you can do a lot of other things. So if you want to learn more about 105 00:07:26,140 --> 00:07:29,560 deadlifting you will then be ready to start to practice you know cleaning the bar up towards 106 00:07:29,560 --> 00:07:33,400 your face and then only once you've got great at deadlifting the bar and cleaning it up towards 107 00:07:33,400 --> 00:07:37,900 your face now you're finally ready to be able to swing yourself underneath the bar so that you can 108 00:07:37,900 --> 00:07:42,300 get into a front squat position. Once you're skilled enough to get into that position now you 109 00:07:42,300 --> 00:07:46,860 can spend the time it takes to get extremely good at front squatting that heavy weight right so that 110 00:07:46,860 --> 00:07:51,100 you'll be efficient enough at that movement to then be able to squat that weight back up in order 111 00:07:51,100 --> 00:07:55,720 to generate the power to press the bar over your head in order to finish the movement. 112 00:07:56,140 --> 00:08:01,520 So you can see that that seamless performance of the the clean and jerk on the competition stage 113 00:08:01,520 --> 00:08:06,620 that was born from the athlete dedicating themselves to relentlessly and meticulously 114 00:08:06,620 --> 00:08:10,740 practicing each of those individual parts of the complex movement in order to be able to put it all 115 00:08:10,740 --> 00:08:16,000 together and then put in a great performance when it matters when the pressure is on because then 116 00:08:16,000 --> 00:08:20,780 they don't have to think about it they just walk up to it and they do it they just perform and this 117 00:08:20,780 --> 00:08:25,180 exact same process applies to training. You need to master all of the individual component parts 118 00:08:25,180 --> 00:08:26,120 that make up your performance. So you can see that that seamless performance of the clean and jerk 119 00:08:26,140 --> 00:08:30,720 strategy in order to be able to put it all together to trade it successfully and you know 120 00:08:30,720 --> 00:08:35,440 just to be able to perform to the highest level consistently in the live market because you are 121 00:08:35,440 --> 00:08:40,040 competing against millions you know some of the brightest and smartest people in the world right 122 00:08:40,040 --> 00:08:45,140 playing this zero-sum game of the financial markets and even when an athlete you know when 123 00:08:45,140 --> 00:08:48,960 they lift a clean and jerk world record they are still going to go into the gym the next day 124 00:08:48,960 --> 00:08:53,820 to practice each of these individual components of the lift and that's no difference for us as 125 00:08:53,820 --> 00:08:56,120 traders. So even when you are consistently profitable you're still going to be able to 126 00:08:56,140 --> 00:09:01,600 you will forever be a student of the market practicing and refining your edge and that is 127 00:09:01,600 --> 00:09:07,360 how you get ahead and stay ahead of your competition. If you don't build a solid foundation 128 00:09:07,360 --> 00:09:13,060 your trading business will eventually crumble and fall over. So what are the component parts 129 00:09:13,060 --> 00:09:17,400 of our trading strategy and in what order do we need to build upon them? Well first we must 130 00:09:17,400 --> 00:09:23,100 understand and master market structure and this becomes before anything in your technical analysis. 131 00:09:23,580 --> 00:09:26,120 Every day when I approach the charts it is literally the 132 00:09:26,140 --> 00:09:31,520 exact first thing that I'm looking at every single time. Market structure is king no matter 133 00:09:31,520 --> 00:09:36,280 what type of strategy you trade because if you map your market structure correctly you will find 134 00:09:36,280 --> 00:09:40,860 yourself on the right side of the market far more often than not and then everything else you know 135 00:09:40,860 --> 00:09:45,640 it flows from there. It's how you increase your strike rate and your reward to risk ratio with 136 00:09:45,640 --> 00:09:49,920 the rest of the concepts we build upon you know we build upon that on top of our market structure 137 00:09:49,920 --> 00:09:54,720 once we have mapped that out first. So after you've got extremely comfortable with mapping 138 00:09:54,720 --> 00:09:56,120 your market structure next thing you need to do is map your market structure. So if you're 139 00:09:56,140 --> 00:10:23,440 particularly fancy forinä headaches you won't be able to go there far without mapping your 140 00:10:23,440 --> 00:10:25,980 market structure if you just need to make sure it's within a national order. Actually if you're 141 00:10:25,980 --> 00:10:26,120 planning to build your order in short frames of commission so if you're planning to build a market structure and you design a crossover operation in the nextman area then be prepared, Intel is something to know because when you invest in end seconds you'll realise it's not gonna yield much in the short period and you'll see just how much you've cashed so make sure that everything goes smoothly so with that you 142 00:10:26,140 --> 00:10:31,500 about moving on to any of the next sections. Now I really do mean that. You can keep your trading 143 00:10:31,500 --> 00:10:37,920 extremely simple, mechanical and systematic just using structure and S&D zones. Like that is 144 00:10:37,920 --> 00:10:42,960 literally all you need and you can have a very profitable strategy. But eventually when you are 145 00:10:42,960 --> 00:10:47,200 ready to take your trading to the next level we can use liquidity concepts just to help us refine 146 00:10:47,200 --> 00:10:50,480 our trading you know just that little bit more. But of course you know we're going to speak about 147 00:10:50,480 --> 00:10:55,280 this in a lot more depth once we get to those lessons. But essentially market structure, your 148 00:10:55,280 --> 00:10:59,960 supply and demand zones and then liquidity. Those really are the three main concepts that make up 149 00:10:59,960 --> 00:11:04,560 the backbone of the photon strategy. So once you have learned how we put all of these three concepts 150 00:11:04,560 --> 00:11:09,380 together you will then be ready to focus on how we actually enter our positions. But then of course 151 00:11:09,380 --> 00:11:14,780 how we also manage those positions once we are in them so that we can maximize our risk and protect 152 00:11:14,780 --> 00:11:20,380 our capital in the most effective way right whilst maximizing our potential reward as much as 153 00:11:20,380 --> 00:11:24,900 possible. And that is the art of trade management which you will kind of pretty much focus on 154 00:11:24,900 --> 00:11:25,260 today. 155 00:11:25,280 --> 00:11:29,660 And that's essentially the next stage of the journey that you're now on within the photon 156 00:11:29,660 --> 00:11:35,300 program and this is what we're going to cover over the following lessons. Mastering these concepts 157 00:11:35,300 --> 00:11:41,360 it can be a long road and there are zero shortcuts. Now if there was a shortcut well it would be to 158 00:11:41,360 --> 00:11:45,560 stop taking shortcuts. Please make sure you have mastered each of those individual concepts 159 00:11:45,560 --> 00:11:50,380 before you move on to the next one. It's just only going to make your journey longer and difficult 160 00:11:50,380 --> 00:11:54,600 in the long run and what you'll find is you're just going to have to come back and start again. 161 00:11:55,280 --> 00:11:59,920 Sorry to use another gym analogy but you know I think it's a great one but so often what you will 162 00:11:59,920 --> 00:12:04,740 see is you know someone who doesn't have a very good squat technique in the gym they will start 163 00:12:04,740 --> 00:12:08,920 trying to just add on as much weight to the bar as quickly as possible each week and then one or 164 00:12:08,920 --> 00:12:13,980 two things always ends up happening as a result. Either they get injured because they can't lift 165 00:12:13,980 --> 00:12:18,680 that heavy weight with shit technique or they just end up hitting a plateau and they just can't lift 166 00:12:18,680 --> 00:12:22,700 any heavier you know with that rubbish technique. So then what they have to do is they have to 167 00:12:22,700 --> 00:12:25,200 finally drop and swallow their ego. They have to strip 168 00:12:25,280 --> 00:12:28,740 all of the weight back off the bar. They have to admit to themselves you know that they're not 169 00:12:28,740 --> 00:12:33,160 ready and they need to relearn the basic fundamentals of the movement. So they go back 170 00:12:33,160 --> 00:12:36,620 they relearn those you know those movements of the squat. They completely relearn the movement 171 00:12:36,620 --> 00:12:41,440 the correct way before they can then build it back up. But if they had just taken the time to 172 00:12:41,440 --> 00:12:46,620 get it right from day one right drop their ego just practice you know moving the bar up and down 173 00:12:46,620 --> 00:12:50,840 with no weight on it or even without the bar right then they could have avoided all of that mess 174 00:12:50,840 --> 00:12:55,000 stress and wasted time. Photon is your last shortcut. 175 00:12:55,280 --> 00:12:57,540 But there are no more from here onwards. 176 00:12:58,740 --> 00:13:04,460 Now I just want to end this introductory video on one last point and that is that you learn to swim 177 00:13:04,460 --> 00:13:08,580 by jumping into the water and swimming not by sitting in a classroom you know studying 178 00:13:08,580 --> 00:13:13,340 aqua dynamic theory. So while up until now we've covered some you know background theory in this 179 00:13:13,340 --> 00:13:18,580 course but it is my ultimate goal to get you into the pool as soon as possible. So the way that this 180 00:13:18,580 --> 00:13:22,980 module is structured is that you are going to initially learn a new concept and then you will 181 00:13:25,280 --> 00:13:31,580 have to go back to your previous exercise to then go and go and perform on a specific section of 182 00:13:31,580 --> 00:13:35,720 price action on your charts and then after you have done that and you've done that exercise 183 00:13:35,720 --> 00:13:39,620 applying the theory that you've just learned you're then going to watch the next video which 184 00:13:39,620 --> 00:13:44,240 will be called a walkthrough and this is where you can watch me perform that exact same exercise on 185 00:13:44,240 --> 00:13:50,000 the same section of price action so you can compare your efforts to mine. But more importantly you 186 00:13:50,000 --> 00:13:54,580 can hear my exact thought process as we slowly go through it together. So hopefully this should be a 187 00:13:54,580 --> 00:13:58,760 way of learning the concepts so you know it's not just all theory but we're actually rolling our 188 00:13:58,760 --> 00:14:02,860 sleeves up together and we're getting stuck into it. So you know I'm genuinely buzzing for you to 189 00:14:02,860 --> 00:14:08,060 start the rest of this module as let's be honest this is where the real source is right? All right 190 00:14:08,060 --> 00:14:09,500 let's fucking do this shall we? 23882

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