 One of the most common questions I get asked is, you know, how do I start day trading? So what me and my mentor about it for our viewers on YouTube is create a free Mentorship course that reveals our 12 secrets that every single brand new day trader should know before they get started But please take note that there is limited seating every single week So please reserve your spot at my investing club.co link is in the description What's up everyone? It's a Tony's on here. Good to be back. I was pretty, you know sick and allows two days Because of a second dose. I'm feeling much better now. And uh, yeah first day back and it's a red day, so and Yeah, you know Because of that, I think that there are a lot of lessons that I want to go over this video And also to answer a lot of your questions regarding, you know, like a lot of people been asking me why My losses are always so small compared to my winners and I will try to kind of explain it in this video and Let me Bring the chart. Yeah, you know, I lost like 159 Bucks, you know with commissions and all that maybe over 200 bucks or something You know today was a tough day, right? There's a lot of There's a lot of crazy shit happening You know, like see see me see EMI You know crazy volume today around like 400 million or something and Not easy day at all Let me I Can couldn't find the one I posted Yeah, I think this was this one Yeah, you know, there's not much to be Sorry guys this one 159 no, it's just like the money. I you know, I got some of it back and Yeah, so Let me go over You know Or like let me answer the questions of you guys that have That why are my losses our way are always so small? Okay, and To me it's like this You know, it's really easy when you win I mean, you know when you have a winning day You know, it could make few hundred bucks or few thousand bucks and you know and your rules are not tested, right? Usually we tend to do well Or like we are sticking well to the rules when we win, you know, that's that's the easy part. Yeah, you know Markets open you make bang, you know, you make few hundred bucks on a thousand bucks there and After that, you just go with small size. You don't want to lose, you know back all the profits or you know You'll completely stop trading after that, right? And so that's easy, you know following the rule 10 30. I'm gonna wrap it up You already have You know your target or whatever your money and that's easy, right? and Excuse me and That's uh, you know, what are we seeing from the traders that are consistently, okay? They have the consistency they've been making a lot of money or like they've been making consistent money For weeks and months. Okay, but they are not consistently profitable because of that, you know loss, right? Usually one loss wipes out everything Like on this one, right? Let's say This is the broken chart, right in the pre-market. I mean tank from 8.2 all the way to 6.3, right? Psycho, you know psychological line 775 easy, right? You get that, you know, right at the open here like 6.9 almost there you got 80 cents another one 7 Let's say you scale 775 you still make money And then, you know part of the process shorting view app make money shorting, you know 775 make money here, so and You know and if if you short it, you know the stock like on the first bound is to that view app right here Crack and you make money here and try to you know short it back And then let's say you're gonna you're gonna short it here right at the view app All right, seven and let's say you risk above view app since you don't want to you know, give back too much, right and 7.8. Yeah, you Ending up, you know stopping out right here and this is I think this is really the key point like this Let's say you're not gonna, you know, like, you know, like this is really to me that's one of those outliers is Pop into that via reject right stuff Right here, and this is like pretty much the sign what we used to for the last two weeks, right? I'll just stuff like that I mean stock should have you know died after that or at least, you know, give you a decent wash after, you know Small part back into that view. I'm sure wash back into that 6.4 here. Okay, so trap You get out, right? I would have taken that trade every single time. Okay? Short here raise above here. Okay paper cuts one loss another one stuff shorted back second loss, okay, so These are the two losses that I took but Again, I asked myself Was it part of my strategy? Was it part of my process? Would you like would you have taken that trade in the future again and again and over again? Right? It's gonna happen again. Will you take it, right? If your answer is yes, then this loss It's nothing but the cause of doing business. This is one of those those outliers, right? You have, you know The the place for you to short and you have the stop target, you know, there's nothing more to it So why you have to take it personally, right? So instead If you didn't ask yourself that and you have FOMO you're breaking your discipline You're trying to revenge trading, you know after this one you size up here Size up here and size up here cover right at the top and now you're hitting it, you know pretty much max loss so This is usually what happens is When you let that, you know Like comfortable or like, you know manageable loss turning into much bigger loss Usually it's when it's and you know You breaking your own rules. You breaking your own discipline. You didn't ask yourself all those questions That you should have asked Okay, I mean, you know if it part of your ass short here There's nothing wrong with it But if you short it right here in that dip because of that FOMO if you ask yourself that You wouldn't take that trade. Thank you so much for watching our video You want to see more of our videos? Please subscribe to our YouTube channel by clicking the button here We do our best to post a new video every single day If you have any questions about MIC or any general trading questions, please text Tosh You just in the number here also stay up to date by watching some of our most recent videos right over here