The Truth About Smart Money Concepts Trading

[00:02] money Concepts and trying to master it but last week after much consideration I honest with you guys I feel like I started studying smart money Concepts

[00:14] not because I actually wanted to but because I've been pressured by the because I've been pressured by the society and the industry to do so when I YouTube and I go into Tick Tock all I see is smart money Concepts ICT Concepts

[00:28] and I feel like if I don't study smart money Concepts I'm not cool right I I make a video on Smart money Concepts I can get more views more views get more subscribers and more money he and I felt like I wasn't being really authentic to

[00:42] myself whenever I was like studying smart money Concepts I felt like why the hell am I doing this I've already back tested my price action trading strategy for the past few years and I know that it works so why am I throwing it away

[00:56] strategy already not really perfect but why am I trading a solid trading strategy a way that I love for something that is complicated complex and also I don't like doing it and I'm not saying that smart money Concepts

[01:12] don't work all right I've seen people trading smart money Concepts that make millions I've seen people trading price action trading simple support and resistance that makes millions all right so ultimately at the end of the day you

[01:25] have to do what's best for you and I've decided that what's best for me is to go back to my old trading strategy and just focus on price action focus on the boring fundamentals over and over again and just really trying to refine that

[01:37] trading strategy at the end of the day you have to choose the trading strategy that will make you the most amount of money so now let's look at the charts and I want to show you this beautiful trait that I've taken last week so you

[01:49] consolidating on gpusd and if you look at my charts it's got them clean right now man there's no like smart money cons step [ __ ] like BOS chocolate no no that [ __ ] all right it's just pure price action I'm just purely focusing on what

[02:04] the candlesticks are doing and also what the key levels so I saw that price was little key level somewhere right around here right because at this point of time

[02:16] there's a resistance area right here and price went back up to the same area and failed to break past it one time two times three times all right three times didn't know like it's gonna sketchy like if price wanted to break past this level

[02:29] you have like just booked through it like this with a lot of volume and a lot of momentum but if you look at what price is doing right here it's just consolidating at around this area here making small can sticks over and over

[02:41] again so yeah you can see there's not much buying volume not much buying pressure pushing the price up so I knew that at this moment price is not able to break past that resistance level so I'm looking to shot right I'm looking to

[02:53] shot the market down so what I did was that a rate of a price to create a new like uh highs and then you can see prices go down coming up to retest this area again and it starts creating a low height the movement price started

[03:08] know what price is about to collapse So I entered for a cell somewhere right around here when I was a moving average crossover and I I can also see like the bearish engulfing candlesticks basically all the confluences in the world telling

[03:21] me that price is rejecting this resistance level and I place my stop loss Above This high right here take profit all the way down at the next key level which was all the way down here if I'm not wrong you're

[03:34] somewhere around here literally you pull it all the way down here so this was like a pretty insane treat and you can see price ultimately went down and hit my take profit right this was a one to 7.64 trailer sniper trade and you can

[03:48] you don't even need to trade smart money Concepts you can literally just make and once again I'm not telling you guys to stop trading smart money Concepts all right I'm just telling you that price action works too and ultimately which

[04:02] one you choose is really really up to you I really do not care if you smart money Concepts or Price action all right because you're the one controlling the gonna be deciding whether you're gonna make money or lose money in this market

[04:15] so another trade I do on gold was like like this little shot right here which where where the title is like here's how I made 10K trading gold or some [ __ ] and then recently I've entered for another buyer position right here

[04:29] double bottom right around this area interesting price goes down and then it seeing like the sellers are starting to go away and then it starts creating a

[04:41] double bottom right here at the bottom that shows us that price is reversing at this support area right here and price is going to hit up to next key level and what I like to do is that I like to Mark the daily highs and the daily lows all

[04:54] right so this is the daily low and it's daily high and price tends to like react whenever price gets to either of this level right price can literally come to this level and then come back down to this level like press 10 to like react

[05:07] to the Daily highs and lows so do take note of that so a lot of you guys have been asking me what is the broker that I've been using and by the way you can see this is literally my live stream that just explained on gold like I

[05:19] the bottom this is a trade I'm still inside the trade right now and I'm up inside the trade right now and I'm up about like 1.5 K and this is Live account so press right here you can see this is live a FX real account all right

[05:34] been asking me what broker I've been using so I've been using this broker called AAA account welcome to the uncensored section I want to tell you guys a huge mistake that I have made when I became successful chances are if

[05:48] you are still watching this video you are watching this uncensored section you are really serious about becoming a profitable Trader a successful Trader and what I want you to do for the next part of this video is to shout out all

[06:01] distractions stop looking at the video suggestions below stop scrolling through the comments like a freaking degenerate and focus on what I'm about to say because it's very very important that you know this just like I said a lot of

[06:13] you watching this will become successful Traders will and when you do you have to be aware of this you will face this one problem which will cause you to lose everything that you have built and that is complacency

[06:27] is complacency success leads to complacency and complacency leads to failure recently I've realized that you don't need a lot of money to be happy right once you make like let's say ten thousand dollars per

[06:40] month more than 10K per month is just like more work and honestly I thought that once I made 10K per month I'll be happy and fulfilled and satisfied but no I actually eventually end up aiming for more oh since I made 10K per month why

[06:55] not make 50k oh why not make 100K now that I've achieved 50k per month and more and more and more and I realized that this is really because of how the society has conditioned us to become consumerism oh this thing is on a

[07:11] this right now if not it's going to become more expensive in one week oh become more expensive in one week oh iPhone 14 pro Max oh my God it's iPhone 14 pro Max it's a new iPhone okay I'm gonna buy it oh my God new Macbook I'm

[07:23] gonna buy it Society wants you to buy more buy more buy more buy more keep becoming more and more broke because it's not only taking a hole in your wallet but also causing you to work harder and harder and harder and harder

[07:37] and harder because now you have to maintain this lifestyle you have to work harder and harder and harder and harder and this causes you to be more stressed takes a toll on your mental health your physical health your Financial Health I

[07:49] like satisfied once I made 10K per month but no I wondered more I wanted more clouds I wanted more money oh more followers on Instagram so that people can see how successful I am more success I wanted more success I wanted more

[08:04] I wanted more success I wanted more validation from others look mom your son finally made it you should be happy for him so when I eventually got a little bit of success I brought my dad to multiple countries for vacations and

[08:17] looking at the price at all like we will literally go out to fancy restaurants and have dinas 200 300 500 dinners without looking at the price at all I'm just like oh [ __ ] it just 500 and I was

[08:31] spending more money and also took my foot off the pedal a little bit so that I can relax that's what I decided to do right relax baby chill man you're working too hard just relax just relax so that you can let the another man who

[08:44] is willing to work harder than you [ __ ] your future wife there was once this boxer who is super locked in he will go to the gym at 5 00 am practice in sponges all the way to night time and he will always be practicing day in day out

[08:59] day in Day Out and eventually dodoin's hard work he went on to win competitions of the competitions and he started making millions of dollars and what he did with this money is that he spent on parties he spent on girls he spent on

[09:13] drinking smoking indulging in all the pleasures trying to get as many validation as possible and kindergartened his training okay actually like forgot to train he skipped in his training days now that he has

[09:26] become successful there's another boxer boxer B same thing they are and curing competitions of the competitions because of his hard work celebrating his wins he kept walking he kept focusing on

[09:42] his work he's kept staying locked in on his work okay continue going to the gym day in day out without any distractions girls no he's not interested in that he's interested in winning championships alcohol that's for kids he's interested

[09:55] in winning championships do you feel the most happy when he's doing his work he feels the most fulfilled when he's practicing his boxing punches kicks whatever and five years later this boxer B went to fight with boxer a which is

[10:09] the guy who party and slack off on his training and they both fights boxer B5 boxer a guess who win guess who will win the fight obviously boxer B Because boxer B has chosen to not take King's food of the

[10:25] pedal and continue to grind even past even when he have a little bit of success and a little bit of money he's not continuing to cry and cry and cry and just keep on delaying gratification and eventually boxably you won

[10:38] because he was fully locked in with absolutely no distractions he didn't have Instagram building onto his phone which brings me back to the same point success leads to complacency and complacency leads to failure

[10:51] complacency leads to failure when I achieve everything I wanted I wasn't even happy I thought to myself what do I do now now that I've made 10K per month now that I have the freedom to travel the world I

[11:05] was even happy I felt somewhat lost and purposeless and then I start remembering the times where I felt the most happy it was not when I was on a beautiful

[11:17] mountain watching a nice Sunset it was not when I was spending 600 on family dinners it was not when I was sitting on a nice Beach and just enjoying the Sea Breeze from the beautiful ocean no those were the times where I didn't feel the

[11:32] most happy the most happiness the time is what I felt the most happy the most fulfilled is when I was working when I was learning how to trade or balancing a nine to five when I was studying how to make better videos when

[11:48] I was like literally working on my business creating YouTube videos and providing value to the world that was when I felt the most happy I can't believe I'm literally saying it right now but I felt the most happy when

[12:02] I was waking up at 5 00 am leaving my monk mode discipline live where I monk mode discipline live where I meditate work out work in nature journal and focus on trading and just making videos and had no distractions at all

[12:17] that was the time when I was the most happy not the times where I had made a [ __ ] ton of money that is why I thought that money more money will eventually the moral of this story the moral of this story is you need to find happiness

[12:31] in your work and that is how you can live a purposeful and successful life like I can literally retire right now at the age of 20. but why would I retire

[12:43] as an ambitious young man I want to strive for more I want to keep doing what I do and keep doing what makes me feel the most happy which is work provide value to the family provide value to the world

[12:56] provide and protect my family these are the things that I feel the most fulfilled right these are the things that ultimately really matter to me so why in the actual hell would I retire so I really hate how like Society is trying

[13:10] to tell like youngsters to oh retire in your 20s retire in your 30s you know fire the fire program which is what fire uh I've always retirement early Financial Independence retire early that's what fire stands for right but

[13:25] basically he's trying to encourage you know Society to retire early the only time where you want to retire early is because you hate doing what why you want to retire early but for me I love what I do and I wouldn't have it

[13:40] any other way so yeah I literally just rented for the past 10 minutes so that I can keep myself in check to tell myself not to slack off and continue producing this high quality trading videos for you guys which will change your life right

[13:54] because like recently I've just been feeling super lost and purposeless even of money I've ever made in my entire life recently so it kind of doesn't add

[14:06] up I've been making so much money so why am I not happy right so yeah I just wanted to remind myself to get a lot back in stop being a stupid idiot stop thinking that you're successful because you're not and stop trying to find the

[14:21] end of the journey because it's never gonna end focus on the journey instead focus on the process instead rather than the outcome and eventually even if money comes or money doesn't comes guess what it doesn't matter because you focus on

[14:36] you know that if we fight you can find happiness in work yeah like you just feel happy at this point I don't know what I'm saying I'm just like brain dead reason on why I have shifted to uploading one video per week instead of

[14:51] upload two videos per week because I feel like I have to satisfy the YouTube algorithm so that I can get like so that I can tell the algorithm that I'm consistent on YouTube and I can get more views more subscribers more money

[15:04] but I really don't want to do that anymore that was taking a huge toll on I was just like focusing I was just like literally like forcing myself to think of video ideas when I literally have nothing at all and I will end up making

[15:18] like videos that does not have like a good quality does not change your life you know so from now on I just want to make one video per week that will change your life right make much more impactful videos right that were really really

[15:32] help you the most rather than trying to make two videos which is like mad like do not want to give a [ __ ] about subscribers followers anymore I just want to focus on what I have right now this trade that we have built and just

[15:46] focus on helping this tribe to become the most successful tribe trading tribe out there which I'm pretty sure that we are right so yeah smash on that like hit on that subscribe button because I've become unfiltered as hell doing

[16:00] these videos all right I'm literally telling you my deepest Secrets down I've written now in my journal so smash on that subscribe button and click on this video if you want to watch the previous uncensored trading episode which is

[16:12] insane man so yeah remember you're just one trade away