Transcript
00:00:03 Matt Concordia OK, welcome back to another episode of Prophet Playbook. Today. We have a very, very, very special guest. It's Kristen, one of our affiliates from a long time and she's been really, really great to us at FX replay. And so yeah, we appreciate her tone. So Kristen, thank you so so much for joining us. Really. Yeah, really grateful. 00:00:24 Kristen Thank you. Appreciate it. Love to be here. 00:00:25 Matt Concordia No worries, no worries. And so I mean, firstly I the first question that I had actually because your your group is called a 5D universe. 00:00:33 Matt Concordia And I was curious as to why I was it's it's an interesting name and I'm curious as to why you named it that. 00:00:38 Kristen Well, that's really funny, because last week someone asked me that and I think I had a really good explanation. But let me because. 00:00:45 Kristen I shared it. 00:00:46 Kristen In my telegram group. So let me check because. 00:00:48 Yeah. Let's see. 00:00:50 Kristen I think that was the best explanation I could. 00:00:52 Kristen Give yeah, here. 00:00:54 Kristen Yes, I I said, well, I do a lot of personal work and also spiritual development and I love looking at things in the dimensions. So the 5th dimension is having the consciousness. You are part of a bigger universe where ego gets tempered and sovereignty is remembered. So the 5th Dimension universe. 00:01:15 Kristen That's where it's coming from. So. 00:01:15 I love that. 00:01:16 Matt Concordia I love that and it's it's it's so I mean with trading it's kind of like you have to be this at this equilibrium point and I feel like a lot of people that walk the the trading. 00:01:26 Matt Concordia With our kind of get involved in in spirituality as well, because I mean, you really have to do learn a lot about yourself and and what you know you're good at and what you're not good at and and be. 00:01:35 Matt Concordia Able to manage. 00:01:36 Matt Concordia Those right definitely and to. 00:01:38 Kristen Put that in a more. 00:01:39 Kristen Like earthy kind of matter. I love to. 00:01:44 Kristen Live by the phrase nothing to hide, nothing to. 00:01:46 Kristen Move and that's a really hard 1 to get to the equilibrium of that. But if you are there in between so you feel like you have nothing to hide and nothing to prove to anyone to and and not yourself most importantly. 00:02:02 Kristen That's where you can live like a really centered life and you are relaxed until you have a clean mind, clean heart and I really believe that all those. Yeah, kind of equilibriums matter. It matters in trading, but it matters in your personality definitely. 00:02:15 Matt Concordia Absolutely. 00:02:18 Matt Concordia Absolutely no. I love that. I love that. And and you can tell you have this. 00:02:20 Yeah. 00:02:22 Matt Concordia Zen Energy eventually, and it it's. 00:02:24 Matt Concordia It's nice to be around. 00:02:26 But prostate. 00:02:26 Kristen Yeah, I've. I've done so much personal work and I've been most people. Of course don't know me, but but I've been an entrepreneur for 19 years already and I think entrepreneurship. Yeah, since 2005 and entrepreneurship I believe is one of the biggest personal developments processes you can. 00:02:35 Matt Concordia Oh wow. 00:02:45 Kristen Encounter with. 00:02:47 Kristen However, trading brought in the new dimension, I must say I must say. But yeah, I'm used to also, since 2017 I've been coaching a lot of entrepreneurs, so I know a lot about, like people, how they operate and how they think and how they. 00:03:07 Kristen Yeah. 00:03:08 Kristen The whole polytope at. 00:03:08 Matt Concordia And I'm sure through through that you've you've seen a lot because there's a lot of similarities on the journey from Montreal and trading, and you've probably seen a lot of people coping with failing and and not coping with failing. And so that must be an interesting experience just to view that because likewise I I have a I have a group of of traders that I was teaching, you know, 30. 00:03:15 Kristen Oh, definitely, definitely, yeah. 00:03:29 Matt Concordia Traders directly and you get to see very similar things in similar patterns in in traders and and the way that they handle things the way that they journal their trades, some, if they even journal their trades the way they do, have certain actions or take certain actions. 00:03:44 Yeah, definitely. 00:03:45 Kristen And also what I think is a great similarity. I was already used to first of all do a lot of journaling, but also on the personal side, but also in, in entrepreneurship. You need to measure your KPI's so it's so important to know what your numbers are, which numbers are you going to work on. 00:04:04 Kristen Next, upcoming months to reach your goals. 00:04:07 Kristen The only thing that's like completely different from training is that in entrepreneurship I'm I'm like a go getter. I go for it. But in trading that was a thing that that I I just went up through walls because I was impatient and in entrepreneurship. 00:04:27 Kristen That actually helps because you just go even if you fail, you just go. You're like, no, I'm gonna fix this. I'm gonna fix this. But in training, you cannot fix anything by grinding more. It's just. 00:04:38 Kristen Not how it works. 00:04:39 Matt Concordia Exactly. It almost it almost feels the way that I I described it is. It's almost like a retired lifestyle that you have to be, you have to get used to and trading and entrepreneurship is the exact opposite and you it's just go, go, go and you're right. Like it's really, really hard to break that, especially if you're like, part of who your identity and you're always just, you know, I work 16 hours a day. 00:04:46 Kristen Yeah. 00:04:59 Matt Concordia And I'm pushing and I'm doing this and I'm. 00:05:00 Matt Concordia Doing that and then you go into trading where? 00:05:02 Matt Concordia Like, OK, well, I have to actually be. I have to actually be patient. Actually, if I don't press buttons, it's probably better, right? If my strategy isn't presenting, I think you know, that's a big key in in where you should be putting the work. It should be on the back testing and on the you know on the looking at your journal and and improving things and studying your data. I think that that's where the. 00:05:19 Yes. 00:05:22 Matt Concordia The grinding has to come in play, but when it's when you're actively trading, it has to be very even keeled and very, you know, little work actually that's involved with it, right and. 00:05:31 Matt Concordia That's why, yeah. 00:05:32 Matt Concordia I guess why it's so addicting, or why it's so why so many people want it right? 00:05:35 Kristen Ohh definitely. 00:05:37 Kristen Yeah. Yeah. And the funny. 00:05:38 Kristen Thing is, in entrepreneurship I already had like I. 00:05:42 Kristen Let me put it like this. I had a really good Zin while always knowing how to find new solutions. If I was encountering some kind of problem, but in trading you really need to back off. Yeah, you need to say all right. 00:05:58 Kristen This is not going to work and the solution is not looking for a solution right now, so you need to like really back off. 00:06:05 Kristen And just stay put, do some other things. Make sure you get grounded again. You get, like, the clean heart, clean mind. I really believe in trading. It's so important to be the best decision maker you can be. And what do you need to do to be a really good decision maker? And yeah, that depends, of course. 00:06:26 Kristen On on the person on the Avatar, you need to be. 00:06:28 Kristen For yeah, that. 00:06:29 Kristen What happened? 00:06:30 Matt Concordia Absolutely no, that's that's that is such a huge key I think like, yeah, that is an absolutely massive key. And it's, yeah, knowing yourself, knowing what, how, how you do things and how you operate at your peak. Right. Because the way that you operate at your peak may. 00:06:32 Kristen Yeah. 00:06:44 Matt Concordia Be different from. 00:06:44 Matt Concordia The way I do like I know people that wake up in trade immediately like they just. 00:06:48 Matt Concordia They wake up and they're like, oh, yeah, that. 00:06:50 Matt Concordia They can trade on their phone, whatever, and they're done. That's just not the way that I am. I need to be really, really kind of at peace. I need to, you know, have my, my, you know, routine going and and be zoned in. 00:06:57 Kristen Yeah. 00:07:01 Matt Concordia And then once that happens, then we're all good to go. But yeah, it's it's crazy. And and focusing on the KPIs I think is really, really important too. And I just had a question for you because I know people will probably be asking and I know in my journey it was really frustrating not knowing what to do or what to track, you know, because it's like, yeah, track your data or or or do. 00:07:20 Matt Concordia This or do that, but if you're. 00:07:21 Matt Concordia It's like I I'm not entirely sure what I should be doing to improve and so like I think it would be really beneficial if you kind of dive into a little bit of like what are specific KPIs that you think that you know as a beginner, what should they be tracking or how can they, you know, improve and and actually genuinely get better as a trader? 00:07:41 Kristen I think you can only like improve on a few things, so that is either getting right on bias. First of all, I think it's the most helpful thing if you learn how to trade with the trends because you encounter less problems than counter trend. 00:07:56 Kristen Of course, if you have a really good scalper, you can do everything. However, really knowing what the trend is and 1st do, maybe a back testing session on that, just look at the higher time frame trends and see what's going on. And maybe do it like in the swing way and 1st finding that one out and then when you. 00:08:16 Kristen Become a little bit better at that. You can start to refine things and maybe go to a lower time frame and see alright if this is like the bigger high timeframe trend. Can I spot kind of setups for lower time frame and of course. 00:08:28 Kristen I'm an ICT trader, so ICT concepts trader. I know a lot. I think even you are ICT concept trader or yeah, so there are of course a lot of people that look through the filter of ICT concepts because of course every strategy is just a filter and they all work or they all don't. 00:08:45 Kristen Work depending on. 00:08:47 Kristen How you trade them, how you track? 00:08:49 Kristen And so I think it's really important that you find your style, because I've done a lot. I started in crypto in 2020. Yeah, 2002. 00:09:00 Kristen And I started with all kinds of indicators the V WAP and the the RSI, you know, all the, all the things we start out with and I ended up at ICT but that was because it resonated because I found that my setups became better and better and better and it started refining it and became better. 00:09:20 Kristen Well, I think it start with. 00:09:23 Kristen Defining trends and then looking at what kind of. 00:09:28 Kristen Strategy resonates with me. So am I more like an indicator trader or am I more like a naked short trader and really start to define alright, what is my model in this and am I? Do I have a personality of a scalper? 00:09:43 Kristen I want to get in and fast and get out fast and that that helps to like. 00:09:47 Kristen Clean my mind or AM? 00:09:49 Kristen I more like the person that that's able to keep a trade for days and not look at it and just. 00:09:55 Kristen Just it because a lot of people are not able to do that. They just keep looking at their phones and messing up their personal lives and and making **** out of it because they're just simply not connected anymore to the rest of their life. So you really need to make that decision. What kind of trader am I want to intraday trade? 00:10:15 Kristen Just a few hours scalping for just. 00:10:18 Kristen Maybe half an hour. 00:10:19 Kristen Even or am I more a trader that that's more easy if if I go for the bigger flows and and I'm OK with leaving the trade open overnight. So I think those are the most important things to look at at first. Then you can refine. 00:10:31 Matt Concordia Yeah. No, I love that. I love that. Exactly. And I think that you need to have that that base first and like, if you're mixing things up because I know that this is a problem that I ran into as well. You know, I've been training for seven years now. So it's, you know, I I've probably experienced every single trading problem from losing large amounts of money to to whatever else there is. 00:10:51 Kristen Then right. 00:10:51 Matt Concordia Exactly right. So we've all. 00:10:53 Matt Concordia Right. And you know through that process, I think a lot of a lot of it was just being confused or in the beginning at least I was confused on what type of trader I I wanted to be or that was was resonating with my personality like I would have some trades where I took intraday and it was like intraday scalps and then some trades. I'm leaving for a couple days and because of. 00:11:13 Matt Concordia Yeah, it's like you're you're. You're kind of lose your identity and and you need to know exactly what you do every day. You have to be so incredibly confident in what you do. And in order to do that, you have to do the same thing consistently. And you have to be executing consistently over and over and over again until you know you. 00:11:28 Matt Concordia Build that confidence. 00:11:29 Matt Concordia That's that's the only way to do it and I think knowing your identity knowing. 00:11:30 Yeah. 00:11:34 Matt Concordia What you trade, like what your strategy is and knowing that. 00:11:37 Matt Concordia Really. Like I think that's the only way to. 00:11:39 Matt Concordia Do it and that's a great place to start. 00:11:40 Kristen Yeah, definitely, yeah. And also from that. So if you're still like finding. 00:11:45 Kristen Without finding your your method or your process or your your edge, I would still, and I did not do that. 00:11:54 Kristen But I don't. 00:11:54 Kristen Recommend it, but most people don't do they do it exactly like me. They just keep hopping strategies and. 00:12:02 Kristen In the end, ending up using it all in the same way, so or at least they get it mixed up. And that was one thing I really struggled with in the beginning, because then I saw that and I was like ohh that's that strategy and then just started mixing up with other stuff and then in the end nothing worked. So I would really recommend. 00:12:22 Kristen With something like F3 play to do strategy back testing sessions and just train your eyes to until you know for sure that you can see that set up and you get the data on it. 00:12:35 Kristen And then after you did one month of that strategy, one month of the other one month of that, then we can decide, alright, which one resonated with me the most? Which one? 00:12:47 Kristen Fits me. Which one can I see easily and then mix them up? That seems horrible. Then there you cannot do like swing trading while you're scalping or the other way around, but also like different entry models, different TP models. 00:13:04 Kristen Whatever, and you cannot mix up higher time frame or lower time frame strategies. Of course, everything's fractal. But yeah, if you go in there with the scalp in mindset for a like a swimming position, yeah, you're probably getting. 00:13:07 No. 00:13:17 Kristen Stuff out just doesn't work. 00:13:18 Matt Concordia Agreed. No, that's it. And and like honestly, that's I'm so glad you said that because it's it's about that like the time. 00:13:24 Matt Concordia Frame process for me that that I I think I would if I were to attribute like a single point of like oh wow, this was really changed my trading. It was going from one time frame higher time frame to a lower to a lower and like waiting for something specific on the higher time frame before going to the lower and then waiting something for on that time frame to go to the lower. 00:13:43 Kristen Yeah. 00:13:45 Matt Concordia And The thing is is when you're when you're position trading or swing trading and then all of a sudden you hop down to the one minute because it's it's in line with your swing trade, it's like, no, no, you're you're you're you're skipping the process. It's really important to wait for specific things. 00:14:00 Matt Concordia On each of the time frames and then that validates your entry model and then that's where you know that's where you enter and then you let the trade go. But it it really does have to be in alignment. That's that's a major thing that. 00:14:10 Yeah. 00:14:10 Matt Concordia At least. 00:14:10 Matt Concordia I've learned absolutely. 00:14:12 Kristen One of the bigger mistakes I made was that I, for example see ICT then trading in one minute. I was like oh. 00:14:20 Kristen See this entry right now and that I. 00:14:22 Kristen And then I want it like the freaking how many ticks moves because I thought, well, it can. It can go there, right. And then of course, it would run to at least three or and then come back and then stop me out in. 00:14:29 Matt Concordia Exactly. 00:14:36 Kristen A loss, right? Yeah. 00:14:38 Kristen And that those are, yeah, you need to go through them I I always. 00:14:41 Matt Concordia You have to. 00:14:42 Kristen Yeah. I always also tell, like my coach. 00:14:45 Kristen Sometimes The thing is with everything, and I'm also a musician, so I know what it is to train, and sometimes I hate it. But but if you want to learn skill, you need to train. You cannot do it overnight. I can't could not have played the piano overnight, so I always keep that in mind. Alright, I need to give this some time and really do the training. Not only. 00:15:06 Kristen Stay with the charge or train myself. 00:15:09 Kristen But The thing is like with every skill. 00:15:12 Kristen I tried to remember myself like alright. 00:15:16 Kristen I need to probably make at least 100 mistakes, like everyone has to, because otherwise I cannot learn it. 00:15:24 Kristen But now the. 00:15:24 Kristen Only thing I need to decide is how fast do I want to make the 100 mistakes. 00:15:30 Matt Concordia I love that I absolutely love that. 00:15:33 Kristen Yeah, that's that really helps. 00:15:36 Matt Concordia Totally. And that's I've always used. There's there's, you know, once I learned about Thomas Edison, Thomas Edison. So when he made the light bulb, it took 10,000 iterations to make that light bulb. And so if you think of, if you think of your success like. 00:15:41 Kristen Oh yeah. 00:15:46 Thank you. 00:15:48 Matt Concordia Wow, if it if it takes 10,000 failures for you to achieve your light bulb then like it, it's kind of empowering cause it just means that. 00:15:57 Matt Concordia Hey. 00:15:58 Matt Concordia I'm 10,000 mistakes away from achieving my my goal, my light bulb, and so let's make those mistakes. Like let's not be afraid of those. Let's actually count them in and track them and see. 00:16:08 Matt Concordia How many it? 00:16:09 Matt Concordia Actually takes to get there, and so it's kind of. 00:16:10 Kristen Exactly. 00:16:10 Matt Concordia Used in a positive light and I used the I did the exact same thing it was. I was just like, you know what? I'm gonna change my mindset about failing and and let's just focus on. 00:16:19 Matt Concordia Failing frequently and failing fast and failing in a smart way, and I think that that's why FX replay is really why we made it initially was because it's like, yeah, we really want to make trade profitable. We really want to help that. Yeah. If you can fail without losing money in trading and then so that when you're trading live capital, you're already, you know 10 steps ahead like wow. 00:16:39 Matt Concordia You know that's that's pretty incredible. 00:16:40 Kristen Yeah, and I. 00:16:41 Kristen I actually always say you have the choice between 2 efforts and not the one. YouTube doesn't like. You can either choose failure or you can choose feedback. 00:16:53 M. 00:16:54 Kristen And I think that's the more helpful and useful word to think of. So it's not like I failed. Now it's like, ah, I got a piece of data here and that doesn't match with what I expected. That's feedback 10 years ago. I was a totally different world. But I was a sound engineer and. 00:17:14 Kristen In the in the music world, so I was always on tour. And yeah, doing the technical stuff. 00:17:20 Kristen No way, but yeah, yeah, definitely, definitely for that. 00:17:23 Kristen Big artist here in Holland, so I I was a sound engineer for 10 years. And The funny thing is what I 00:17:30 Kristen Actually took from. That is when you do like sound check and you have all the cables in and all the mics and all every everything you know. 00:17:39 Kristen Reading the subject and suddenly you hear like. 00:17:42 Kristen A cracking noise. 00:17:44 Kristen It's not like Oh my God, I did something wrong. It's me. I fail. No, you're like, how can you solve it? Alright. So is it the cable or is it the mic? Is it that line? Is it that line? Is that you just go through it? 00:17:52 Matt Concordia Exactly. 00:17:58 Kristen We're still ah. 00:18:00 Kristen It's not here. Alright. It's a disconnect here. No, it's here. Uh, yes. So there it is. So it's it's just going down the line. Where is it not going? Well. Where? Where? Where is it off? It's off, not me. So it's reading. Also, where is it? Off? What? What? You. It's not you. 00:18:12 Matt Concordia Yeah. 00:18:14 Exactly. 00:18:19 Matt Concordia Totally. The thing is though, with with trading, that makes it so hard is that there's a dollar value associated with it, right? And it's saying it, if you if it's a negative or if you lose a trade that's literally saying, wow, you made a negative $1000 mistake. That's that's you that made that mistake. And so that's where people get that, that or that mix up in in that again that with the identity. 00:18:19 Kristen Just make sure and. 00:18:20 Kristen Fix it. 00:18:38 Matt Concordia It's like oh. 00:18:39 Matt Concordia I'm a failure as opposed to being like. No, I just. I just failed. And there's a difference between failing in in actually giving up and saying no. I am. I'm a failure. Like you can fail. And that's completely fine. That's. That's the cost of the opportunity and that's OK. 00:18:41 Kristen Exactly. 00:18:52 Kristen Definitely. 00:18:53 Kristen And the. 00:18:53 Kristen Thing also is don't of course identify with mistakes, but you say alright, I got some data feedback. 00:18:59 Kristen Just see it like. 00:19:00 Kristen A freaking computer. Just see yourself as like a machine that gets some data. And besides that, money is nothing but a number. So. 00:19:11 Kristen A1 with. 00:19:12 Kristen 3 zeros. Yeah, we call it 1000 bucks or something. 00:19:17 Kristen And if I would tell you. 00:19:19 Kristen Go get a coffee for 1000 bucks or like what? I'm gonna get a coffee that cost 1000 bucks. That's way too much. 00:19:27 Kristen And then I. 00:19:27 Kristen Say go get a car for 1000. 00:19:29 Kristen Bucks, you would say that's. 00:19:31 Kristen Impossible. Do you want like a? 00:19:32 Kristen Flintstone car or what do you want so? 00:19:36 Kristen This perception it's a one with three zeros. It's nothing. 00:19:40 But. 00:19:41 Kristen Because we form a perception around it, it suddenly becomes something that, like, fires us up or puts us off. It's just weird how it works. Once you start deciphering that, it's just you and you have a few numbers and that's it. It doesn't identify you. It doesn't devalue you because. 00:19:52 Matt Concordia It really. 00:19:52 Matt Concordia Is. 00:20:02 Kristen It's not like you are worth nothing anymore. 00:20:05 Kristen We're all worth worth the same as. 00:20:07 Kristen We were born. 00:20:08 Kristen It's not like when you get a kid or something like that, you look. 00:20:11 Kristen At the baby. No, you're. 00:20:12 Kristen Not worth ****. 00:20:14 Kristen Until you reach work, I don't know your college degree and your blah blah blah. Then you are someone. 00:20:22 Why do? Why? 00:20:22 Matt Concordia Do you think that is like? Why? Why do you think it is that we associate like trades with with our identity or like our like the value of money? Why do you think we we value money and associate that with our identity? 00:20:34 Matt Concordia Why do you think that is? 00:20:36 Kristen Yeah, that is because the whole system, of course, raises us to think that we are worth nothing until we become something and something a lot of the times is that we're doing really good at our jobs. 00:20:44 MHM. 00:20:49 Kristen And earning money. 00:20:51 Kristen But if you think about it. 00:20:53 Kristen We're the only freaking creatures here in the world that need to pay to live on this planet. 00:20:57 Kristen Right. 00:20:58 Kristen It's like the. 00:20:58 Gracious. 00:20:59 Kristen Weirdest thing ever. It's not like the animals in Africa were like ohh, I need to pay my dues and my debts and my whatever. 00:21:07 Kristen Ohh, they just live. 00:21:09 Kristen Here and we're, like, grinding and then then. 00:21:11 Kristen Doing all kind of stupid stuff. 00:21:13 Hmm. 00:21:13 Kristen To make sure we. 00:21:14 Kristen Can live here on this planet we were born. 00:21:17 Kristen In the first place. So so like we have a choice or something, so it's it's of course the whole matrix, whole system or whatever. And yeah, in the end we just need to make it work. 00:21:27 Kristen And see money as a as a fuel, not as an end goal. That's definitely hell for your life. 00:21:32 Kristen But as a fuel for opportunities to experience life in a better. 00:21:37 Kristen Way. 00:21:38 Kristen But yeah, therefore. 00:21:40 Kristen We of course have a lot. 00:21:41 Kristen Of like. 00:21:43 Kristen Let's call them money blocks. Of course. How you were raised and and stuff like that. So we all have our own view of money and our maybe unconscious. Yeah, beliefs and thoughts about money and that those get triggered in trading. Wow. Yeah. Hardware. Yeah. 00:21:56 Matt Concordia Yeah, those those get triggered. 00:21:57 Matt Concordia Harder. Like I'm I'm from like my my my parents are from Italy. They I'm come from an independent. 00:22:03 Kristen And you. 00:22:04 OK. 00:22:04 Matt Concordia So you know you you are. You're under the the immigrant mentality, or at least from back then, you know my grandmother as well. And they were, you know, or my grandmother was like at the at the end of the war essentially. So she was taught, you know, preserve, preserve, preserve everything about preservation as opposed to as opposed to flourishing and so. 00:22:22 Kristen Yeah. 00:22:24 Matt Concordia That gets carried down, and honestly, even sometimes I remember when I first started making money that I was. 00:22:28 Matt Concordia Like I was just trying to hoard everything and like money is energy and if you block all the full circle of how it's supposed to flow both in and out, you really restrict money coming in and so you you have to understand that it is what it is. It's just a tool and it's just it comes and it goes and you have to be OK with with letting it go and and through that accepting it as well. 00:22:36 Kristen Exactly. 00:22:49 Matt Concordia And that completes the whole whole cycle. And the more money you make, I feel you start to or that becomes a little bit more clear and you start to realize, oh, like. 00:22:57 Matt Concordia You know where I used to spend $100 on the bill and I was like, Oh my God, that's so much. That's so much. And now it's like, oh, that's like just. 00:23:03 Matt Concordia Without even thinking you know. 00:23:05 Matt Concordia It's just stuff like that that, that, that happens over time and it's the same thing with trading. You start taking. I remember taking, you know, $5 losses in trading and being incredibly overwhelmed, like, Oh my God, that's $5. I lost that. 00:23:05 Kristen Second, yeah. 00:23:14 Yeah. 00:23:16 Matt Concordia In 2 minutes, like what am I gonna do? 00:23:17 Matt Concordia You know, and then now it's like, OK, bigger losses. OK, I'm used to it. It's it's it is what it is. And but it's definitely a work in progress. 00:23:23 Kristen That first. 00:23:25 Kristen It needs to get to be normalized first. That, of course is something you, yeah, you need to do the work on as a person and normalize things and normalize money in a. 00:23:34 Kristen Way. 00:23:35 Kristen But yeah, it's definitely the like the generational imprint we get and and of course we carry energy of our ancestors and stuff like that. 00:23:44 Kristen And. 00:23:45 Kristen Yeah, we can decide when we're alive. If we want to change some things consciously. 00:23:51 Kristen Because we decided, well, that it's not very useful to think this so can embrace like a different belief that actually I believe is more useful to. 00:24:00 Kristen Belief because in the end nothing's wrong and and nothing's right. It's just what is right for you right now. That's the only question you need to ask. So it it's not like is this the truth? No. Is this useful? That's. That's the only phrase you need to ask yourself because truth is no, it's nothing individual. 00:24:16 Awesome. 00:24:18 Matt Concordia Yeah, exactly. Is it? Isn't that just what changes? Like if I wanna change as a person, you're literally just saying. 00:24:25 Matt Concordia I I have to change the way I think or think in a different manner or believe in a different thing that hey, I'm. I'm actually capable of accomplishing this thing. And so you have to make that change internally first and then through that it reflects on the outside. But you have to make that change. And I feel like that's just what it is like, that's what it it's absolutely mandatory. 00:24:37 Kristen Exactly. 00:24:45 Matt Concordia You do and, and sometimes you're stuck in this in this old way of thinking and and wanting more, but not willing to make that change. But you have to make that change first and then through that change. 00:24:55 Matt Concordia Your life starts to change and your your physical environment. 00:24:58 Kristen Definitely, yeah. That's why I I really believe in the do you do you have mindset? I don't know if you're familiar with that, but most people, if they have the B mindset, if I have this, then I'm going to do that and then I'm going to be successful, healthy, whatever it is. 00:25:06 Matt Concordia Yeah. 00:25:19 Kristen But The thing is. 00:25:20 Kristen You create a gap, so you you come from a place of scarcity now because you think once I get there, then I'm gonna make sure I feel good. Now you have to be feeling good right now. You can already tap into the feeling of what you actually want. When that thing is here, once you start doing that. 00:25:40 Kristen Because everything the universe is energy. You just what you send out is what you get back. It's like a radio frequency. So once you start. 00:25:49 Kristen Noticing that if you start feeling better already right now, you. 00:25:54 Kristen Just start to restrict things you were like, huh? First I was chasing it like a cat. You want to pet somewhere, but it's always running away. Exactly. Just lean back. Let's come to you. And so still have. 00:26:03 Yes. 00:26:06 Matt Concordia Exactly. And it's it's so funny when when you, when you're chasing, it's always within arms reach, but it's. 00:26:07 Kristen To sit, yeah. 00:26:11 Matt Concordia Just never. It's it's just little outside. You know what I mean? You're always just. Yeah, it's always so close. It comes so close. But yet it's always so far. And that's just because you're right. I think that there's that that, that gap between who you believe that you are actually down to your core and what you want to achieve and your and by you saying I want for example that inherently means that you lack that. 00:26:18 Yeah. 00:26:25 Yeah. 00:26:32 Matt Concordia Thing. And so instead of saying I want something or like it's it's all about the words that you're using and and I've really found that to to be incredibly impactful as well. And and I can see that you have in in your life as well that where it's. 00:26:33 Kristen 2nd. 00:26:43 Matt Concordia Yeah, you just have to act as if you are that person already and you have all the things that you want. And how would you act and you have to embody that and then continue putting in the effort and eventually over time and then then it's just about time and it's the same thing with trading. As soon as you let your your strategy work in over the course of time, you don't try and. 00:26:54 Kristen Yeah, section. 00:26:59 Yeah. 00:27:03 Matt Concordia Or say you don't try and hit big home runs, you just let it work and overtime you look back and you say wow, I have done a lot more than I thought I was gonna be able to do. And that's pretty incredible. 00:27:13 Kristen Yeah, always. When I try to go for the home runs. Never heard. 00:27:16 Kristen Ohh. 00:27:18 Kristen Oh my God. Yeah. 00:27:19 Matt Concordia Yeah, that's that's the automatic strikeout. That's the automatic strikeout. 00:27:21 Kristen Well, that's that's the thing. If you focus on the lack, you get more lack. So it's just what it is. So you need to start focusing on. 00:27:25 Matt Concordia Exactly. 00:27:29 Kristen What? There's already here right now. If you start from a place of appreciation and a place. 00:27:36 Kristen Of already feel. 00:27:36 Kristen Good. Then it's really simple. Then if you feel good, then you feel more inspired action and you feel like, ah, maybe I should do that or should do that. Or should that? And then you start collecting that data. But you you do it from a place of. Ohh, that sounds. That sounds fun. Maybe a little bit a little bit fear but yeah, let's try it out. 00:27:43 Yeah. 00:27:56 Kristen And and more like curiosity, I think that's the best way to bridge some things when you don't are not really sure. Just. 00:28:01 Absolutely. 00:28:05 Matt Concordia Yeah, reduce the expectations and just be curious in the way that I mean live one time and and it's OK like you're not, you're not gonna be perfect no matter what you do, even if you've been doing it for years and years and years, I still make mistakes trading that. I'm looking myself after. I'm like, what are you doing? You know, like it's it's just mind blowing sometimes, but. 00:28:19 Now. 00:28:24 Matt Concordia That's that's the human element. And if you're, you know, I used to be in biochemistry, used to study biochemistry in in university. And I always think back about or to that time. And when you were doing these experiments, you always accounted for a margin of error. 00:28:37 Matt Concordia Always. But so why don't we do that in trading? Why isn't it? That is, why don't I account for a margin of area in my own trading? And then if you do, you say hey, maybe 10 of the 100 trades are going to be bad. They're just gonna be terrible. 00:28:38 Kristen Yeah, yeah. 00:28:48 Matt Concordia Trades and that's OK. Like, that's completely fine. 00:28:50 Kristen Yeah, but that's. 00:28:51 Kristen Also that that's accepting that perfectionism doesn't even exist. It doesn't exist in. 00:28:56 Kristen Nature. Yeah, if it were. 00:28:57 Kristen If perfectionism were actually a thing, then every tree would be the same because it's perfect would exist. Then every tree would be the same, but that's not it. So perfectionism is a man-made thought. So even in trading 800%. 00:29:12 Kristen Pain rate. It's freaking impossible. So just accept that it has a margin and then you're fine. So use the perfectionism. 00:29:14 MHM. 00:29:18 Matt Concordia And and then you're good. And you? I love that 1000 percent, 1000% and so. Yeah, I guess now would be a great time to dive into your strategy and understanding the way that you view the market and how you trade sound good. 00:29:34 Kristen Exactly. Well. 00:29:35 Kristen Definitely. And UM, I thought about what I wanted to share because I trade a few strategies. OK, but what I think is the most helpful thing to show is a way to get in on the trend. And I like to trade intraday. That's what I I'd like to dive. 00:29:51 Kristen Into it. 00:29:52 Matt Concordia Yeah, that's that's perfect. Let's jump on the charts then and and kind of show us how to how to go about. 00:29:55 Yeah. 00:29:57 Kristen Definitely. Let's do that and I will put you to my other screen. 00:30:02 Matt Concordia Yeah, perfect. It's already up now. So you're all good to go. 00:30:04 Kristen No. Great. All right. So I prepared a little bit for this and I just want to go over a little bit of like the little theory and then I'm going to show you one of the traits I took two weeks ago with this same thought process. So what I'd love to do actually is trade intraday. So that means that I like. 00:30:24 Kristen Like to ride a little bit of the daily range. So what does it actually mean? Well, if we have a daily candle, we always have a open price. 00:30:36 Kristen We have a low forming that will become the wig, then it start expanding and then we start to close it out again. So on a daily candle that would look something like this, we start our bills and it of course it moves like this. We don't need to do. 00:30:52 Kristen The. 00:30:53 Kristen Like. 00:30:53 Kristen The I'll say that the animation and then it starts. 00:30:56 Kristen Now coming up. 00:30:58 Kristen Making the high of the day and it's becoming green. 00:31:01 Kristen And then it closes out right there. So we have an open low high close. So of course that's the same thing for a bears candle. It opens high green and then it starts closing bears you well with that in mind, I always like to to see all right. 00:31:18 Kristen Will I hop in on a long on the daily candle or a short on the daily candle? So if I am bullish, I want to see if I can hop in on the candle so I have two ways to do this. Either I will hop in on the candle or the the sorry the wig. 00:31:34 Kristen Or if it's not clear yet, I want to hop in on a continuation going up. So somewhere in between. So the trade I'm actually going to show is where I got in on continuation because on the daily chart, we did not have like a clear load to make, so. 00:31:54 Kristen ICT style of trading is more looking at imbalances gaps in the charts, something like that. 00:32:01 Kristen Well, what I was looking at on this day was consolidating. So this was a hard read actually on the day. But what I found out on the one hour that I started seeing something that I love to see well, first of all, let me. 00:32:21 Kristen So one thing, because I had a point of interest because on the daily I wasn't seeing anything. But on the weekly I was seeing two specific gaps. 00:32:33 Kristen And this is a gap between the opening of the weekly candle and the closing of the weekly candle and the opening. So this is a new week opening gap like ICT likes to call it. Here we have the same thing and it was already bouncing from here. But as you can see over here, it did not trade. 00:32:53 Kristen Back into that at that moment and this actually this is a week. So it is the path. This is not a camp. 00:32:59 Oh. 00:33:00 Kristen So what I was looking at is alright, if it's bouncing here, it's very likely to come up again. So that was the point of interest. I was looking at. So here you can see we have both gaps on the chart. Just really simple. 00:33:13 Kristen And I was looking for a way. 00:33:16 Kristen To get in on some sort of trend or either a birth daily trend, meaning pushing up coming down. 00:33:24 Kristen Or. 00:33:25 Kristen This bullish strength coming down, pushing up. 00:33:28 Kristen But before that I didn't know which side it was gonna go to. So. So this was a daily open. 00:33:36 Kristen Here we opened and we started pushing lower, first in Asia, little bit up London down and finally we came into the AM session. I was like, alright, let me see if it's finally can show me something clear about the daily range. Well, we got some news somewhere in here and it gave a massive push up. 00:33:57 Kristen So now because we have this massive push up. 00:34:00 Kristen I still have this POI in mind. 00:34:03 Kristen And I was like, alright, with respected this one. And now I see a really nice bullish in Dolphin candle here on the one hour. So what I did was this. I waited for another gap to form because in my opinion the gaps tell the story of price. A lot of the times. 00:34:23 Kristen So once this. 00:34:25 Kristen Gap. 00:34:25 Kristen Over here formed, and this is what ICT calls a fair value gap. So we have a. 00:34:31 Kristen Gap between two weeks this week over here and this week over here. And we don't have any sales side delivered here. So we only have a green candles, meaning only a buy side on that side. So we do see a lot of the times that price wants to rebalance that and then go up. 00:34:48 Kristen Even more the. 00:34:49 Kristen Other thing for me was if we measure. 00:34:53 Kristen The distance between the two Newark open gaps we see a 50%. So equilibrium over here. And once it pushed through that equilibrium, it's high likely to find find some sort of support here and go up to the new. 00:35:08 Kristen With open gap. 00:35:09 Kristen So this is what I was looking at and then I hopped into. 00:35:13 Kristen A lower timeframe. 00:35:14 Kristen Art and. 00:35:15 Kristen Like to do one minute to 5 minutes, something like that and wanted to see if price could rebalance the gap somewhere in here. Maybe tap it, maybe somewhere in the 50% level or even at the lows. 00:35:28 Kristen And then. 00:35:30 Kristen See some form of bullish order flow again, because this was the massive push up, this was high timeframe bullish order flow, but now I want to see if I can get in on a retracement leg once it starts to show bullish order flow again. So we got to push down. So right now we have a little bit of bearish order flow. 00:35:50 Kristen Getting the retracement leg. 00:35:52 Kristen And what I. 00:35:53 Kristen Like to look for is if it starts flipping gaps, so we have another gap here and once price starts to like, flip those gaps. That's when I know this is going to be back to bullish order flow again. 00:36:11 Kristen So right now it's still respecting those various gaps in this case and pushing it lower. And here it's filled the complete gap at one point. Let me see. Was it this? I think it was this gap. 00:36:24 Kristen But I if I remember it correctly, it was on the three minutes, yeah. 00:36:28 Kristen So on the three. 00:36:29 Kristen It. 00:36:30 Kristen I sometimes flip. Sometimes I look at one minute, 3 minute, but I like to see like, a clear gap. 00:36:39 Kristen At one point. 00:36:41 Kristen I saw this. 00:36:43 Kristen It pushed through it and did not respect it, so the candle closed above the gap. 00:36:49 Kristen And this is where the entry point was, because I want to see this gap then act as a support level. 00:36:57 Kristen Because it wasn't resistance anymore. 00:37:00 Kristen And this is where I got into that target of the new week open gap. So if you push it once, what you see here, you get tagged in. 00:37:11 Kristen And that's where Price started pushing up eventually. 00:37:16 Kristen So. 00:37:17 Kristen What you can see over here is 4 clearly that I was looking at a higher time frame. If it was a virtual bridge state and looking for the signature item manipulation low and ending higher in a bridge day or either manipulation high and then pushing down lower. And in this case because the daily did not show like a clear gap here where I could. 00:37:38 Kristen Get in on. I needed to wait for the sessions to play out and give me that signature of showing. 00:37:46 Kristen Placements can go higher knowing that it wants to reach higher. So I think this is a great example of how you can help in on a trend and do it by following the gaps and see which ones are getting violated. So this bears move that violated, eventually becoming a bullish move and it was in a. 00:38:06 Kristen One hour for a value gap so it. 00:38:08 Kristen Was really clear. 00:38:09 Kristen Point for me to get in on the trade. 00:38:12 Kristen So that that is actually the model in itself. 00:38:15 Matt Concordia I love that. I love that and and it's super clear and it makes a lot of sense honestly to me, especially because I, you know, I tried very similarly and so, but for someone that. 00:38:24 Matt Concordia Doesn't know is it? 00:38:26 Matt Concordia Typically or is it typical that you start off on the one hour? Is it? Do you start off there and you say, hey, I'm looking for, maybe I'm looking for a daily or a daily bearish candle. 00:38:36 Matt Concordia For example, or in this case, because it's bullish will say with that, we'll say you're looking for a daily bullish candle is the next. 00:38:41 Matt Concordia Step to wait for a gap on the one hour to form and and kind of go in that same line that goes the open low and then it starts gonna create that that low to that high or is it do you go to different time frames like how does it look? 00:38:54 Kristen It's yeah, it can be 4 hour, one hour, 15 minutes it, but it depends a little bit. In this case it was of course a news driver. So we we had a big displacement, but you see it a lot of the times this specific pattern, let's call it a pattern. 00:39:10 Kristen That I trace for example lower in London and then this places on the 15 minutes and breaking mark structure up. And I also on my YouTube channel I call it like the the New York session strategy something like that and it's a really clear and clean setup and but that is only. 00:39:30 Kristen When it's forms like this, you get that like clean setup and you get maybe a displacement higher on the 15 minutes and you can hop in on that. 00:39:37 Matt Concordia OK. So it's not, it's not specific to just the one hour it's it's essentially whichever time frame that is most clear that that operates in that in the same direction as your daily bias. 00:39:37 Kristen Yeah. 00:39:41 Kristen No, no. 00:39:49 Kristen Yeah. And for example, in this case it was really clear a like one gap on the one hour because maybe on the 15 minutes. 00:39:55 MHM. 00:39:58 Kristen I don't know if, let me check. Maybe there were multiple gaps. No, it was also one gap. But if these were multiple gaps, then I'd like to hop in on the time frame that actually shows one gap, because that helps in like clarity and just show one gap and and look then for a lower time frame. 00:40:15 Kristen And maybe there was even a different entry model on a 5 minute. I don't know. No, no, not really clean. So yeah, for me, it's a lot of the times that there's inverted fair valley gaps that I like a lot because they tell the story quite quickly. And you know, we need to wait for Mark start to shift because that one wasn't even there. 00:40:33 Matt Concordia Exactly. It wasn't it. 00:40:34 Kristen Was not even one minute. 00:40:35 Kristen Yes, but I already knew. Alright. If you fill this this gap, it has no business left here. So it's done. 00:40:41 Matt Concordia Exactly. 00:40:41 Matt Concordia Exactly because essentially the the fair value gaps or PD arrays as ICT calls them, they should be like the stepping stones towards that final destination. 00:40:42 Just. 00:40:51 Matt Concordia But once they. 00:40:51 Matt Concordia Hit their final destination and they start breaking. That's a a telltale sign that, OK, it doesn't want to go there anymore. We could be in a different in a different program. It could be in a buy program now. 00:40:59 Kristen Exactly. 00:41:01 Matt Concordia And that's the initial indication as opposed to having to break market structure. So I love that I also use that as well that using the. 00:41:04 Yeah. 00:41:08 Matt Concordia Gaps, as like the the gaps in the opposite direction. Once they break, those are a really good telltale signs, like OK, things things are changing. 00:41:14 Yeah. 00:41:16 Kristen And these are even tap like the order block here, but it it doesn't even need to do this. A lot of the times you just see the 50% or even just a little Wick in it and just pushing up. So you really need to more than when on low. 00:41:28 Kristen Time frame. The bearish order flow gets flipped again. And yeah, I love that. 00:41:34 Matt Concordia Awesome. 00:41:34 Kristen Yeah. 00:41:35 Kristen And yeah, eventually you get like a daily cap. 00:41:37 Matt Concordia Is there is there a specific like take take, profit kind of management system that you use or stop to break even like like how does that look? 00:41:47 Kristen First of all, if it does something like this. 00:41:50 Kristen A gap it should be violated slow anymore. So this is like my protected low for me. So this is always where the stop loss goes. But up here. So a lot of the times if I do this more on a scalping basis I always take the TP at the high and just. 00:42:05 Kristen To get out. 00:42:06 Kristen But if it's more framed around the daily expansion, I really like to look at one hour, 4 hour daily to see if there. 00:42:14 Kristen Are gaps. 00:42:15 Kristen Was a big displacement at this massive displacement. Canal was also a new scandal and a lot of times you see those get get filled and. 00:42:25 Kristen So with that in mind, but because I did not have like really clear things here, I was just. 00:42:30 Kristen Now this in this case I want to go for the new week open gap. It depends a little bit, but. 00:42:35 Kristen I love to go for the. 00:42:36 Kristen Gaps, gaps and sometimes of course liquidity points. But in this case it was more sensible because higher 4 hours, a little bit more bearishly, this was a retracement leg. You always need to know where you are. 00:42:37 Matt Concordia OK, awesome. 00:42:50 Kristen The bigger time frames, but to me it may make sense to only trade piece of the daily expense because if I believe this one, yeah, it went up higher. It actually took this high in the end. 00:43:05 Kristen But that was not what the trade was framed around. It was just this. Yeah. Take a piece of the expansion move. 00:43:11 Matt Concordia Exactly. And you really only need a piece, right? Like, that's that's a little piece of the pie. 00:43:15 Matt Concordia In your in your in your deck. 00:43:16 Kristen Yeah. Yeah, exactly. Because you can see over here also because this is the the AMC. 00:43:20 Kristen Within a kill zone, it's like I still have to call, but of course this is where the volume is so. 00:43:25 Kristen I believe the algorithm the algorithm like delivers price faster because the more orders are coming in, but you can see over here. Then we open gap, it starts consolidating and I really get headaches. The price it started consolidating and coming. 00:43:37 Kristen Back and like. 00:43:38 Matt Concordia For sure. 00:43:39 Kristen So now I just need to get out. I I hate it. I know my personality and I, I I just literally get headaches. 00:43:46 Kristen When it's not either moving fast and give, that lowers this liquidity run as I like to. 00:43:52 Kristen With them. And yeah, this this is them. Like if. Yeah. So this is like the loading, but I knew it would go for a gap in this case, but that's just more of the experience. Of course I have. So yeah. But then it pushed through. So. 00:44:04 Matt Concordia Yeah, yeah. And that happens, right, but and and. 00:44:07 Matt Concordia There's nothing to. 00:44:08 Kristen Yeah, and that's OK. 00:44:08 Matt Concordia To feel bad about exactly. It's just. Hey, you got your piece it. 00:44:12 Matt Concordia It it went further than you wanted to. If anything, that instills a little bit more confidence in you and you just keep going from there. 00:44:13 Kristen Exactly. 00:44:18 Kristen Really. Yeah. The thing is a lot more times it reverses on you on. 00:44:23 Kristen Those PR and I learned that the hard way, yeah. 00:44:23 Matt Concordia Exactly. 00:44:27 Kristen Yeah. So I definitely just want to get. 00:44:28 Matt Concordia Exactly. 00:44:29 Kristen Out and just take I mean. 00:44:30 Kristen Three are that freaking more than enough. If you have 3R in a week, you you don't need more than that. That's what people always forget is that they don't need more R and they need more capital if they want. But don't change your whole training strategy. If it works. It's just doesn't make sense. 00:44:32 Matt Concordia That's. 00:44:33 Matt Concordia Yeah. 00:44:36 Matt Concordia No. 00:44:45 Matt Concordia Exactly. 00:44:47 Matt Concordia Exactly. I know some really, really. 00:44:49 Matt Concordia Amazing traders that that. 00:44:50 Matt Concordia Have won our trades that are are literally won our traders and they're trading, you know 20-30 forty $50,000 per trade like so you have to you have to realize that there's there's money to be made at at any or or multiple and and you know you don't have to swing for the fences you can you can get something that's nice and. 00:44:53 Kristen And certainly yeah. 00:45:05 Kristen Exactly. 00:45:08 Matt Concordia And it pops up pretty frequently and you can just continue on that every, you know every, you know, every setup that pops up. I was gonna say every day, but I didn't want to be like, I didn't wanna. 00:45:14 Kristen Yeah, and that's. 00:45:17 No. 00:45:17 Matt Concordia Be voting in. Yeah, you know. 00:45:17 Kristen I get it. 00:45:20 Kristen No, no, I get it and exactly. 00:45:22 Kristen And and also sometimes I scalp a little bit when I like it and and most of the times those are even. 00:45:27 Kristen Below. 00:45:28 Kristen One are? Mm-hmm. That's just whatever you can take in a little run. But that was one of the things that's doing better back. 00:45:36 Kristen And. 00:45:37 Kristen This thing actually really helped me see that you don't need a lot. You just. 00:45:41 It's. 00:45:43 Kristen Pieces just just grab pieces of profit and before you know it, it's just multiplies like it's crazy. And now even with effort replay, it's a lot faster. And of course that also has its its downsides in the sense that when I'm really like fast back testing, I don't feel the emotions. 00:45:45 Matt Concordia Exactly. 00:46:03 Kristen Because then I start clicking through it and like, Oh yeah, it worked. Now this was a loss. This was a. 00:46:07 Kristen This was lost and. 00:46:09 Kristen You're in real price action again. You see the channel going like this, alright, you you definitely need to train that well. Yeah, it's. 00:46:14 Matt Concordia For sure. 00:46:18 Matt Concordia Exactly. No. And and this is the thing, I I you know, we talked about it a bunch with with traders that we meet and everything trading or back testing with FX replay for example is a is a tool and and it's it's it's a it's just another method of practice it's just like any sport you're not just going to be. 00:46:31 Kristen Yeah, exactly. 00:46:37 Matt Concordia Shooting uh. You know, if you're, if you're playing basketball, you're not just gonna be shooting 3 pointers. You're gonna be, you know, running and doing layups. You're gonna be passing your. There's an array of different exercises to be doing, you know, back testing on on ethics replay, there's a million different exercises you could do within FX replay as well, but there's also, you do need that live experience and then. 00:46:57 Matt Concordia For sure, you do absolutely. There's no question about that. 00:46:59 Kristen But what I really really. 00:47:01 Kristen Like is the fact that with using something like X replay you can like faster and normalize the amounts of money, but also the just because you can do things faster you can get data. 00:47:16 Kristen Answer and you can see what it can do overtime it it likes brings your future. 00:47:22 Kristen More like to do now because she thinks. All right. So that means that if I do it like this for six months, this is the result. So you can normalize that because otherwise you you start keep chasing things and you never reach it because he tried to go for. 00:47:24 Matt Concordia Exactly. 00:47:39 Kristen The home runs. 00:47:41 Matt Concordia And you also have never proven it. 00:47:41 Kristen It really helps. 00:47:42 Matt Concordia To yourself, right? Like you've never proven it to yourself in the live environment. Like if you're a beginner that you can actually do it. And so having something on FX replay to say, hey, I've back tested for six years and I've proven to myself that. 00:47:44 OK. 00:47:48 Kristen Definitely. 00:47:54 Matt Concordia I can trade and like I didn't Fast forward price or look back at price like I just did it as if it were the live environment and you're proving to yourself, hey, I can do this if I just follow these rules and it kind of just instills that confidence and ultimately at the end of the day, I would argue that the difference between a profitable trader and unprofitable trader is confidence in in their in their skill. 00:47:57 Kristen Definitely. 00:48:15 Matt Concordia And knowledge of their yeah, of their strategy, because that's all you know, everyone sees the same market and they're clicking the same buttons. It's just. 00:48:22 Matt Concordia When are you going to click it and how are are, are, are you actually going to click it when the opportunity presents itself? 00:48:29 Kristen Exactly. And and everyone can be long and short at the same time, so you can be short and I can be long and we can both definitely be right within our strategy. So everything is good as long as you know what. 00:48:37 Exactly. Exactly. 00:48:40 Matt Concordia Exactly. It's just it's just. 00:48:42 Kristen What you want to do? 00:48:43 Matt Concordia Yeah, it's, it's your your experience with the market and how you read it and and just learning how you see the market and and you know just keep on doing that and not trying to copy someone else's strategy because they made X amount of dollars or or whatever. It's just hey, you know this is how I see. 00:49:00 Matt Concordia Mark it go and test it and learn some things for yourself and find what your eyes see better than mine and and then incorporate that into your strategy. And once you have that, I mean you're set. You're good to go. 00:49:08 Yeah. 00:49:11 Kristen Yeah, definitely. And the only confidence comes from proof. There is no other way around it. So that's it, yeah. 00:49:15 Matt Concordia Exactly. 00:49:17 Matt Concordia Exactly. 00:49:19 Matt Concordia Kirsten, this was awesome. I really, really, really love having the conversation with you and and genuinely appreciate your time. And yeah, thank you so much if you wanna let everyone know where to find you and and you know, if they wanna be a part of your group, please let them know and we'll attach it all in the in the. 00:49:26 Kristen My pleasure. 00:49:35 Matt Concordia Comments below as well. So no, no sweat. 00:49:38 Kristen Yeah. Great. I'll, I will let you know. And of course, yeah, people can follow me if I have the universe training on YouTube. I also have a community with course. IT simplified because a lot of the time people don't get through the the videos of ICT. So I simplified stuff and yeah, they welcome to join if they like. And yeah, just follow me on Twitter or YouTube if. 00:49:57 Kristen You like but. 00:49:58 Kristen Do whatever the hell you want, as long as it resonates. Sovereignty, right? I send some sovereignty, so yeah. 00:49:58 Matt Concordia What? 00:50:02 Matt Concordia Yeah. Well, like I said, exactly. 00:50:05 Matt Concordia Likewise, likewise, we're just providing the resources available and it's up to you to to choose if you want to use them or not. But yeah, we'll leave everything in the in the description and. 00:50:10 Kristen Yeah, definitely. 00:50:15 Matt Concordia Yeah, that's basically it. Thank you so much again, Kristen, really appreciate. 00:50:18 Kristen You. Yeah. Thank you for your time and the awesome questions and the great deep conversation we had. So love that. Yeah, definitely. 00:50:24 Matt Concordia Of course, of course. No worries. All right, we'll catch you guys later, alright? 00:50:27 Kristen Awesome.
