 It's a nice Friday morning woke up a little late can't beat the guy Alex that waking up Let's see how it's going Hey, dude, what are you thinking cause Mark's over in 20 minutes. Oh man, how are we doing? Uh, we're always starting to trade man. We got some shorts on bed bath and beyond today I don't know if I told you what happened with this stock dude. It went crazy. So if you look right here this stock ran from Five six dollars to 30 dollars All right, the top investor the ceo The cfo they all sold their stock at 30 bucks and now it's at eight bucks. So this stock is pretty much dead There's rumors going around that they might go bankrupt and today just bounced for no reason from eight to 870 um, we're short a little bit around eight 60 and Either add to the position if it goes higher or exit the position for a win if it goes more Other than that, there's a hot stock running pxmd right over here Or to almost six. This is a little bit too crazy for me. So I'm just gonna kind of keep it on the side radar I'm gonna kind of let it do its thing and if it presents an opportunity, I'll trade it but Mark is gonna open up here in 20 minutes and hopefully we find some more setups today It's kind of like a slower day not really much moving. So I'm trying to squeeze water out of rock very much So for the better back and beyond, um, is that public information that they that they did this? Yeah, I think they have up to 48 hours to disclose if they sold and bro These guys must be amazing traders because they sold at 30 at the top. I couldn't even And now it's at eight. So imagine imagine you're like an investor and you bought it at like 25 and now it's at 850 You're down 66 because no my 66 percent you're down So if you put a melon down The problem is what people do is they see this price They think you're like better back and beyond is having like a 60 off coupon sale So they buy it and try to fix their average and it just never bounces. So maybe who knows maybe today's day It's gonna bounce. I'm gonna lose my ass, but We're pretty much waiting now. Hopefully an easier opportunity comes and why don't you want to attack that? That px on these pxmd has been an ipo stock Which is like an initial public offering and for whatever reason while we're recording this video IPO stocks have been really hot. So because they've been really hot I don't want to get anywhere near that because they don't they trade irrationally Not they're not sticking to the patterns and because they're not sticking to the patterns I'm not gonna out there, you know, yeah So let's see what happens Last couple days been pretty hot, but overall the market this year has been cold as hell, bro It's it's really hard to make money this year. Like I'm still doing pretty good, bro Like don't get me wrong, but like I would say 95 percent of people are losing money this year And not just money like big money So as a new trader like myself because I'm actually about to start trading What's the uh, what's the key to be like consistent like you? I mean like, you know I'm looking at the charts. I'm learning all the different ways You know if it comes down to like maybe a couple things like what's what's the main key point that people are losing money And you you can give them advice on that time, bro time It's a lot of people are impatient, bro They see me making a load of money and I can do it too the thing is you can do it too But that's analogy that I give people is like bro think about our boy day He's going to medical school for 10 years, bro 10 years and then he's gonna make half a million dollars Are you willing to go to trading school for 10 years to make that? Most people don't want to now It's not going to take 10 years. It might take one year, bro one year But people are willing to commit that time They're not willing to put in that work for one year and because of that I think a lot of people fail before they give themselves a real chance to succeed What's like what's going on with it now? I mean like is it is it kind of like, um Is there high volatility? Is there I mean right now? I even see it shooting up like back to I don't know I don't know what's going on with this so Couple things this one is just a short into a bounce. So as stocks tank they eventually bounce So I'm pretty much just betting that this bounce is not going to be as strong as people think And it's going to come back down now right now it's at 860 I would love this to bounce to nine because the higher it bounces The more chance it has of going down if it just bounces a little bit it may come down a little bit But if it bounces big they'll come down with it. So I have a small position on now In case it just collapses But in reality, I would love this thing to go a little bit higher to get people excited And then I'll bet against that excitement When you're making your watch list and you're kind of planning yourself And you see the pre-market run what are like the changes you see and like have you alter yourself Like if I'm a new trader and I'm looking at your watch list And I don't know a lot of the things you know how can I do my research to Figure out the stuff you figure out on spot like in between that you know hour I'm gonna show you something like below your mind So this is the video library and basically if you want to learn anything about train like let's say watch list We have videos on you know, how alex makes his watch list my watch list everything everything that you can imagine 30 pages of videos of how to build a watch list. So look how alex builds a watch list This is basically gonna This is basically gonna teach you how to build a watch list every single day So we have all the videos we have all the content promise people don't watch it, bro I don't understand if you don't watch it I would say only 10 of people watch it and that makes sense because 90 of traders fail So to be part of the 10 percent of traders that actually succeed you got to show up after accelerator. I feel like I Need some advice on where to go, you know, like do I watch the Watch list videos next do I watch what do I watch next and what's the most important? So that's like my that's the difficulty I feel like some people could have sure so going back to that video library I'm going to show you what to do So this video library has the roadmap for you to follow So first it says the misc jumpstart accelerator Which you just did and then the getting started curriculum There's a list of videos to get started and then after this these are the next videos to follow Now you don't have to watch every single one of them, but there's a linear path for you to follow with all this stuff Well, I live with this guy. I don't even know this. This is great. This is crazy All right, so now that we know how to build a watch list We we know what the video what videos to watch next next thing is a screen time Like you have to walk like you have to watch the market because the more you watch the market the more you'll learn the patterns So I've been doing this for eight and a half years. So the patterns are like in my head I pretty much know I think a lot of the patterns that happen The only way you could learn that is if you keep watching it's like every day that you drive a car You get a little bit better every single day It's just like trading every day that you watch the market You get a little bit better think about the driver. You were when you were 17 years old and the driver You are when you're 27 years old 17 year old alex could not even drive straight dude Someone argues 17 year old alex was a fun driver, man Someone argue So he's trading is a sick guy this guy. He's just trading and trading and trading I like to take you slow, maybe one or two stocks a day I was like 15. If any stock is up the guys attack here I mean, he was attacking in the airport on the car getting the rental But he's a trader. Yeah. Yeah. Look, he's already shorting this thing. I don't know what this is I nail it All right, everyone says it but like literally though, how does he get the top out every time? He's so good. He's been doing it 20 years So is that is that like is that drawing your line so well that you know, it's gonna hit right there Is that what it is? You just set your orders and you wait It's like fishing he's fishing and when the fish hits It's the top right when it doesn't hit it doesn't hit but you see it too, bro You're not even in m. I see like too much but like you see how how does it? Yeah, and this is the same things that we teach our guys every day and now that i'm learning now I'm like, okay Like I should probably wait for it to like go down and then like maybe hit it for for scale it for a little bit But it's like he's not even scale. He's just getting the whole thing. He's really good That's 50 cents a share right there. So if he even used like 2000 shares Times 50 cents, I mean a thousand bucks on that trade in five minutes Pretty good if you ask me dude. Yeah So that whole um all those videos in order and and that whole timeline is that available to all like members like yearly and lifetime We don't really upcharge bro. We don't really upsell like when you join you get pretty much everything that's why you should Part of you probably the most annoying part of the day Just wait for the market to open There's millions and millions of traders just sitting here like this waiting waiting with the market opens everyone's like attacks Now three minutes to mark it open Also getting his last minute stretch in My back starts to hurt But I don't want to get rid of this chair, bro. It's a good luck chair I think you need to have to upgrade the chair because bro. My brother has like a $3,000 hermit miller chair. It's nice. It's comfortable, but i'm afraid if I get rid of this chair I'm not gonna make money anymore Buy the chair try it out for a day Now you can have I'll take it my old chair the first day that I used it. I didn't make money and I gave it to my roommate then Open up and open up these stocks bro the trend right now for these IPOs is hot So bro, let it just go. Yeah, let it just go. I mean hindsight should have bought some But like i'm just really not good at that. I know what i'm good at and i'd rather stick to it So you have to just be like the master at one then rather than the jack of all trades Stick to your niche bro like bow bow only likes asian girls. It doesn't matter if she's Middle Eastern Spanish white. He will not get anywhere near them because he knows Asian girls aren't his niche So find your niche in trading is the key It's originally this pre-market. What were you thinking on? pxmd pxmd. I was thinking this is a new ipo recent ipo It's kind of beaten down and they've been running these ipos. I've just been Staying away now. Is that something because ipo and because maybe this is volatility It's like a part of all stock or is it just the it's just the hot sector like sometimes like shipping companies are hot Sometimes mean stocks are hot dry sometimes Like covid stocks are hot. So whatever the theme is right now ipos are hot It doesn't matter why all that matters is identifying what the hot sector is So you guys to identify you don't have to overthink it bro You don't have to like be a genius. Okay. The moon is in this side of the sun and that's why this is happening It's just happening. So just deal with it right and now mark is open up in five seconds. So So it's stuck that bad beyond the bouncing So because of balancing i'm trying to short some more To go under this candle. Oh, that's a long candle. I didn't notice it Seems like a perfect size around eight dollars What's the volatility like It's kind of moving a little bit slower today, which is interesting, but let's see We want this line to break here and i'm adding because it looks like it's gonna break 38 is the low it tested 38 one time and it held Ideally we wanted to test 38 again and fail, which it did right now. Oh, wow That's what you want to see for two candles right there It's funny because bed bath is like a real company with like a real like real stores So it's like the stores, but the stores aren't profitable. Right. The stores are not profitable. Then You know Again, this is a dead cat bounce. There's a stock that has just been tanking every bounce should continue to tank And that's the day the day just started if you hit this correctly and you you have a little bit of volume I mean you could literally do one trade on this and then make your money for the day Make it one for the day that we see i'm seeing i'm exiting here. Yeah, there's giant red candles that are happening Yeah, this is this is unbelievable. It's already been four minutes And i'm trying to exit sport. It makes it look easier So these stocks go down is when people panic when people panic it gives me enough Opportunity to exit my position. So i'm just trying to exit my position here, bro I'm trying to exit my position. I made almost what is this? 860 minus 8.4. I made almost 36 cents a share of 821 Trying to exit some more come on 820 Yeah, really all you're looking for is 15 20 cents a share It depends. So I sized up a little bit bigger on this stock because I know I know that this garbage I know and the bounce failed So the price action told me that the bounce was failed. So that's why I need it That's wild as soon as you're shorter just went through three straight candles down I'm just trying to exit bro. I'm trying to exit here. I'm not trying to be greedy trying to exit this money So I exited about 70% of my position on this dip locked in $15,000 on that dip dude And we saw 5,000 waiting. So if this all goes well, it should be about 20,000 and five minutes Dude is a superpower dude. If you learn how to do this, this is a superpower So look how it's bouncing i'm going to start to add a little bit more on this bounce Trying to short someone's bounce And that's our little resistance line right there I think it'll push a little bit dude. So I don't want to get too aggressive But what I did right is adding when it failed this line What I did right is exiting on this dip because now look it's bouncing Right, but now now that it's touching that VWAP line like isn't it kind of a little scarier or no? It depends what it does. Is it going to reject or is it going to push right now? Looks like it's rejected We added at 834 and 838 and now it's 826. So it's coming right back down So I'm getting more out of 25. See same spot 25 again now Trying to get out as much as I can Now if it went over that VWAP line and it started making a strong push towards that 860 again That's kind of a sign right? I would yes Yes, but you never know. So what might happen is this dip might hold and it might push So that's why I took some off. You see right Now I have like a third of my position I'm either gonna exit if it goes lower or add if it goes higher and I'm like scouring around looking around the market for like other opportunities What do you think about the I think it's a little bit of a trap, bro. I think they're gonna dip it down to shoot it up Right. So I don't know yet I think this is actually like a perfect one because this is like you see it hitting the lines The resistance and the and the floor and um look at this, bro The resistance is here at 860. So we just shorted the resistance and we add it to the winner Now look, it's gonna break the lows. Oh, I hope so 817 is the low It's at 820. Hopefully this breaks the lows and then we get to exit our position I hope When you actually like pull back and look at that whole uh chart The reason why you're so comfortable is because you see that you see the top and the bottom kind of In those last couple days or a couple weeks, right? So I mean it's just like it's kind of in the middle right now So isn't it destined to like kind of come back down and fall? So here's the thing when stocks are weak They continue to act weak when stocks are strong. They continue to act strong This stock has no more reason to go up is what I think other than just random rebounds Every time they rebound it should fail because too many people are stuck at higher prices Imagine you bought the stock at 1520 25 If this your bounces to 10 1112, you're gonna sell for a small loss because you already down a lot You know, so I'm just piggybacking on these sellers Now some might argue that let's say like the game stop and the and the uh AMC right so those were really strong stocks are going up and then they just crash So I mean is there I mean how do you how do you identify stuff stuff like that? It's just the chart patterns, bro. Like you could look from this chart pattern here I don't know about you, but I wouldn't want to buy a stock like this Dude, I want to buy a stock that's like trending up, you know, this is a very weak stock very weak stock As a new trader, I'm trying to look at the fact that like it's not over the view offline It's it's kind of playing around playing games for the last couple minutes So I mean this this is actually a good opportunity here, right? There's a great opportunity There's a great opportunity I think I've seen you do this like even if the goal is to pass the view offline and maybe even get close to that 860 again I think it's still kind of like, you know volumes love still kind of broken Yeah, as long as the bounces don't hold it should go down So right now based on what I'm seeing it looks like it's going to break down So I locked in some profits I reshorted the bounce And now I think the bounce is going to fail. So I'm trying to slowly get back in So now when you add in more, what is it like one third of the original size you put in or is it like even less for like One tenth at a time What is it what is the volume on something like this about five million shares to trade so far What's a good volume right the thing is we're a lot of people they forget about these stocks It's not trading them It's not trading them because this new hot stock is moving So what I do is when people forget about it when people don't care about it when people don't want it That's what it seems like to me or the easiest fate You know So now it's trying to bounce So why'd you pick that 842 line? I'm trying to figure that out is the top of this. Oh, I see I see Okay, it's just the top of the camera right as far as the rest of the stuff on your watches I know you're watching kind of these two stocks here, but is there anything else going on? It's a slow deck It's a slow deck Make it 20k on a slow day. Come on It's a slow day B2 line and it looked like it rejected Trying to scale in some more Stock pxmd the one that was hot It's just crater So if this thing bounces It should be a bit short it's time right here Because now we know now we know what the trend is right you try to run it up. It didn't really work This is what scares me in trading like this whole You know, it looked so awesome like but there's three minutes those three candles shot down. You made your money. It was great Now it's just like I don't know now. It's just playing a game You know these stocks can never go straight down. They can never go straight down They have to do a little bit of this they have to go on the floor, right? I did a little bit of that It's a little past 10 o'clock and you made one trade so far, which is okay. What else is going on? That's pretty much it bro We're waiting for this stock to bounce so that we can get a short on it We're waiting for this stock to tank so we can make some money on it And i'm pretty much back into a full-size position here because the stock failed So I feel comfortable and confident the whole in the full-size position And what I would love to see is I would love to see this break 8 20 Go to eight dollars and call it a day Now that might be asking for a little bit too much But I think that it has the potential to crash that low so let's see And let's say it took a while let's say even after 10 30 you're still waiting for that Is that like something you want to just pull out of or you want to you want to keep that? So it depends on the position it depends on the price action most of the time I'm out of my trades by 10 30 But because this is a little bit of a special scenario I like to give myself a little bit more time So it pretty much depends if it's still acting weak If it's still pretty much broken then I'll be patient if it's starting to slowly make its way back up Then I'll like you know what? I don't want it So for knowledge and attacking purposes like what will we do with pxmd. What's what's the move here around 5 30 We're short, but I'm not I'm not sure yet. I want to kind of see what it does first But I'm thinking 5 30 would be this short. So I just tanked at 5 25 We said 5 30 tanked at 5 25 Yeah Like as this bed bath is going on you can make more and more lines like there's another line probably at that 8 48 mark right or 46 46 yeah Yeah, but these are just the main ones right now because right in the middle right it made its top it made its bottom now It's in the middle right All right guys 10 30 a.m here Still in this bed bath and beyond position probably gonna give it another hour or two to kind of see what it does You know still up, you know a couple thousand dollars on the day Um You know start to act a little bit choppy towards the midday, which is fine The overall market is rebounding. So this is rebounding, but I still think it has a really good possibility of going back down to 8 So I'm gonna let my position work and we'll check back with you guys in a few hours All right, Alex. What happened after I left? All right, now it's 4 45 p.m Markets been closed 45 minutes. We just finished our day a little bit earlier So let's recap what happened here when you left. So let's start with this pxmd stock So remember this stock it hit that line there and then it came back down Right really it's kind of trap you we don't know what's gonna do. This is what I ended up doing It ended up towards the middle of the day Just slowly but surely just going higher and higher and higher and higher And they just ended up trapping this stock. So this stock just went right back up here So it just trapped all the way which is crazy I didn't touch that stock at all today. Just ignored it. You could call him that one. Yeah, that was good, bro Day one IPO to leave it alone bedbath and beyond when you left it was kind of around that line there at top Remember that right was around that line. So this is what ended up happening on bedbath and beyond it hit that line And then slowly started going down and down and down and down And I ended up getting out here, which is around that 8 20 exactly one level And that's pretty much it bro. I had a couple scalps just traded Tesla just on the bounce a little bit nothing crazy there But we ended the day About $30,000 on the day So we were at around 20 when you last left So we added about another $10,000 which is crazy, but that's pretty good way to end the weekend and So question pxmd. Yeah, is this something you would attack on monday? Yeah on monday I would look to attack because what ended up happening is it went all the way back Went back down all the way back. So this $6 line here $6 line should be a good place to shorten So let's see what happens next week, but that's about it bro. That's pretty much a pretty solid day If I just walked away after four minutes, we would make 20,000 I stayed a little bit longer at another 10,000, but that's pretty much it Right. I mean not every member should do that, but you're a beast. Yeah, it depends on the scenario It depends on the scenario So that's about it bro. Happy living day brother. Let's go