2022 ICT Mentorship Episode 15

Finance-focused summary (markets / investing / risk)

Market / strategy focus (live equity trading, intraday)

• The presenter manages a live trading account with an objective of showing results like ~20% per month.
• The approach is framed around ICT-style “fair value gaps” (FVGs) and market structure on an equity chart.
• He looks for a bullish market structure signal via a swing high break, then trades toward key FVG levels.

Key price levels & trade targets mentioned

• FVG area (around the “680 level”)
  • Described as above equilibrium (a premium condition).
• Entry / risk levels
  • Short-term swing low sell stop resting at: 13,612
  • Entry is described as high-risk because price can “whip” below the low.
  • He expects support may not go below ~630 (wording suggests not below the 630 level).
• Bullish target / upside objective
  • Targeting an “80 level” (implied around a “50 handle”).
  • Presented as a path to ~50,000 on equity (account equity target).
  • Mentions potential gain of about “$1,000 or more”.
• Additional reference targets
  • A daily-chart pullback target roughly 14,000, but called a stretch intraday scenario.

Trade management & execution rules (step-by-step)

1. Wait for bullish structure
   • Confirm a swing high break → bullish market structure.
2. Identify an imbalance / Fair Value Gap (FVG)
   • Observe candles to define/confirm FVG boundaries.
   • Watch for completion via candle close (e.g., “watching this candle see how it closes… complete our imbalance”).
3. Decide entry timing and risk controls
   • Consider a long entry around the open (~9:30), but expect potential whipsaws below the low and stop-out risk.
   • Emphasizes stop placement risk: stops may be below the swing low (cites 13,612).
   • Uses limit orders rather than relying only on a standard stop-market approach.
   • Allows “flexibility” around stops near the open, because stops can be “taken really really easily” and cause whipsaws.
4. Profit/expectations
   • Expects aggressive expansion above the recent swing high.
   • Notes a smaller FVG from the last three candles:
     • It may not need filling,
     • but if price revisits it, he expects it to act as support.
5. Day-end rule / risk posture
   • If stopped out (or if conditions invalidate), he plans to go “to the sidelines” and not trade more that day.
   • After the day’s wrap-up: no more trades for the month of March.

Risk management & performance metrics

• Planned “small scout”
  • Limited drawdown target (described as ~3 handles of drawdown; later approximated as ~$60, but he says he’s not sure and would confirm by rewatching).
  • Goal: make about $1,000 from the target move while risking relatively small early drawdown.
• Commissions & net performance (reported by end of day/month)
  • $1,255 on two trades
  • ~$15 in commissions
  • Implies net for the day ~ $1,240 (based on the figures provided).
• Volatility caution
  • Advises checking the economic calendar because volatility is likely later in the day.

Explicit recommendations / cautions

• Trading the equity open (~9:30) is framed as high risk due to stop hunts / whipsaws.
• Do not assume the market won’t go below the FVG boundary; being “painfully wrong” is a stated risk.
• He cautions against trading without stops (he says he is not encouraging methods without stops), though he still allows some flexibility because open volatility can be extreme.

Tickers / instruments mentioned

• No specific tickers (stocks, ETFs, bonds, commodities, or crypto) are named.
• Instruments are referenced generically as equities.
• Mentioned numbers like 13,612, 14,000, 680, 630, and 50,000 appear to be chart/account levels, not company tickers.

Disclosures / disclaimers

• No explicit “not financial advice” statement appears in the provided subtitle excerpt.
• He indicates the method can be demonstrated with live funds (e.g., he can trade with live funds too), but no formal regulatory disclaimer is shown in the excerpt.

Key presenters / sources

• No other presenters or named external sources are mentioned in the subtitles excerpt.