CU Lesson 7
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All right, folks. Welcome to lesson
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seven.
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And this is where we get into the
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technicals. This is the juicy stuff. Uh,
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lesson seven,
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which market to choose. Now the main
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markets we have
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are
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forex,
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futures,
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crypto
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and uh commodities such as metals,
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right? Gold and silver. These are the
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main markets that we have to trade. Now
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your job is to pick one. You need to
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pick one and master that one market,
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right? You have to know that market
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inside out. So for example, if you
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choose Bitcoin, then you have to know
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Bitcoin inside out on all time frames
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all the way from the 12 12 month
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uh all the way down to the one minute uh
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time frame. Right? So step one is choose
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a market, decide, make a decision that I
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am a crypto trader for example.
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Uh step two is absolutely dissect that
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market inside out. You should know that
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market like your name, right? So you
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should know the market like the back of
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your hand, like your name
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on all time frames. You should know how
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uh how a CRT plays out on your market,
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how often
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you should be knowing uh the shape of
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different models on your market, right?
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Because uh yes, the concepts are
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universal, but they look slightly
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different
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in each market, which is something we'll
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see in the private group in the group
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chat, right?
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But pick one market, master that one
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market and know that one market like the
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back of your hand,
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right? And then
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after mastering that one market, then
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you may diversify. And if you see
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opportunities arise in another market,
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then you may capitalize on them. But not
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before completely mastering your market,
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knowing it inside out. Uh and this is a
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point of contention for a lot of people
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because they they don't want to pick
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uh and from the technical lessons won't
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have uh PowerPoint PDFs, right? We'll be
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in the charts.
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Uh
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the uh
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the problem is that most people most
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traders especially uh they don't like
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the idea of facing themselves which is
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why if they lose in one market then it's
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very simple
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it's very simple to simply go and say
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you know what [ __ ] this market I lost in
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Bitcoin let me go and trade the euro
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okay you know what they stopped me out
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in euro I'll go and trade futures and
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just like a a hopping from one market to
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the other with no real understanding, no
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real no foundation, no base, nothing.
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Random gambling, just pressing the
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button, pressing the buttons for the uh
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for the heck of it. That's one kind of
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person. The other kind of person, and by
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the way, that that one kind of person is
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most of you right now. And even after
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finishing CU, it's still going to be you
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because most of you simply don't have
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what it takes.
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And I'm not saying this to to discourage
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you. I'm saying it so you identify that
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that is the reality and choose to be
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part of the 1%. Those who trade one
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market and absolutely dissect that one
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market inside out.
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They note on all the time frames uh for
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the past 10, 20, 30 years, right? So if
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I show you a chart and this is something
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you've seen me do in public, right? is I
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have the ability to uh to reproduce
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and and identify the exact
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uh
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the exact day if you simply show me any
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higher time frame uh high time frame
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chart of any main asset class right
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that's something I uh I had to go
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through
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uh right so memorize your asset class
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on all all the higher time frames
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especially for the past 10 20 30 years
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right what does that mean for example
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those those who need uh direct orders to
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learn if you choose Bitcoin for example
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right so if you choose Bitcoin
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then I want you to go and memorize the
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entire Bitcoin weekly chart and monthly
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chart and daily chart
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uh for the past uh 10 years,
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right? And if it goes back further, then
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further for the other asset classes,
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right? And I'd even go go ahead and go
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as far as saying that memorize even the
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4hour charts.
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Right.
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Right. To summarize uh lesson seven, how
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to choose
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the correct asset class
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uh or rather choosing the asset classes.
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Step one, pick an asset class. Step two,
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dissect it inside out. Know it like your
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name. Specialists in life
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uh always get paid better than
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generalists,
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right? So a general practitioner in
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medicine for example gets paid less than
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a specialist
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and the same thing uh happens over here
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in trading. Those who specialize and I I
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know a lot of veteran traders who've
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been trading for the past 30, 40, 50
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years, right? like actual real veterans,
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not the clowns you see on social media,
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right? And most of them have two things
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in common. And this is a very important
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insight. Uh, write it down. First of
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all, they have mastered one chart of one
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asset class. They know it inside out.
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They know the exact time the high and
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low of the week are going to form on
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that asset class, for example. They know
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exactly when it moves and when it
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doesn't.
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And the second thing is they are
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short-term to swing traders. Nobody
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scalps,
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right? Nobody's taking no profitable
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trader is taking 100 trades a day.
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Right?
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And that marks the end of uh lesson
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seven.
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Uh I hope you found this insightful.
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Uh, and a reminder to make sure to
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rewatch every single lesson uh multiple
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times,
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excuse me, multiple times because every
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time you watch you rewatch the lesson,
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you'll pick up on something you missed
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uh during the previous times. And anyone
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anyone of you who thinks that they have
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uh that they can gather all the
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information and learn everything from
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the first time. Uh, you can't. You're
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wrong. Stop being arrogant and rewatch
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it again. It's for your own good.
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I can't force you, but I can remind you.
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Right? Uh, don't cheat yourself of a
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complete learning experience. Re-watch
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the entire thing
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multiple times with notes. I hope you
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found this insightful. I wish you good
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luck, good trading, and see you in
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lesson 8.