 I'm going to clean up the lens and get started. What's up, everyone? So normally I do these videos every single Monday, but today is Wednesday. Wednesday is when we have the new member webinar, and Tosh is out sick today. So I'm kind of taking over. I kind of wanted to make a video because Monday was Martin Luther King Day, the market was closed, I wasn't able to make a video. So I'm going to come on here and explain a couple of things. So first things first, guys. Next Saturday in California, we are hosting a meetup. All the information is on myinvestingclub.com slash meetup. The hotel info is there. It is free to attend. There's no strings attached. You don't have to be a MIC member. You could be a fucking XYZ. Let's say you believe in the fucking spaghetti monster. You could come. It doesn't matter what you are. You could come to the meetup, and the goal of this meetup is for you to meet me, for you to meet Bow to meet our MIC team. And on top of that, to meet other traders that have the same passion as you, which is trading, right? In this world of the stock market, I don't have any friends in the real world that understand trading and understand the market. They just think I'm some degenerate gambler. So this is your opportunity to network and meet like-minded people for free. So go to myinvestingclub.com slash meetup, register, free to attend, and I will see you guys there on January 29. That's number one. Number two is I've been getting a lot of questions whether it be in my DMs, whether it be on Instagram, whether it be on Twitter, and people are always asking me what indicators to use. So I kind of wanted to come on here today and put rest to the question, which is what are the best indicators to use for day trading, right? So last year in 2021, I made $3 million after fees. I think before fees, it was like 3.2, 3.3 million after fees commissions. Well, okay, so I have $3 million, right? And it was my biggest year day trading and it was also the fastest that I've made money, right? Because as you guys know, I execute between 9.30 and 10.30 a.m. And after 10.30, I stopped trading because I started gambling my profits away. So number one, just even being able to walk away has led to me having so many profits. So everyone's always asking me, what is the secret indicator that you are using to make money? What is it the fucking RSI? Is it the Fibonacci? Is it the moving average? What are you using to make all this money? Is what people are asking me. And there seems to be this holy grail theory. People think that if you just use maybe some sort of magical indicator, that's the thing that's missing. That's the missing puzzle piece. That's the thing that's gonna finally make you profitable, right? So I kinda wanna talk about what I use and what my thought process is on these indicators, right? So number one is the best indicator to obviously pay attention to is volume, right? Volume is the number one most important thing in the world and maybe you don't call that an indicator, but to me, that's definitely an indicator, right? So let me tell you how volume matters. In the stock market, volume is a representation of demand, okay? If there is high volume, if there's abnormal volume, there is high or abnormal demand for this stock. And that means that it should go up. What is the inverse? If there is low volume on a stock, it means that people aren't interested, people don't give a fuck, right? If you really go down to the bare bones of what the stock market is, it's all based on fucking hype. How much hype is there on an indicator? BBIG is moving because the island boys made a fucking TikTok or AMC is moving because the fucking apes are in control. What, it doesn't fucking matter. The point is the more volume, the more demand, the more hype there is, there is a high probability the stock continuing higher, right? So keep that in mind. Number one is abnormal volume equals abnormal price action, okay? So that's number one. That's the most important indicator that you must pay attention to no matter what, right? If a stock like DWAC back in its run to $200, traded 500 million shares of volume, and today it's only trading 11 million shares of volume, chains are the fucking demand that was there last time is not here this time, so it's gonna have a harder time going fucking crazy, right? So that's number one, guys. Pay attention to volume. Pay attention to abnormal volume. Pay attention to the stocks that are maybe even trading abnormal volume on day one and not trading any volume on day two. That probably means that on day two, people don't give a fuck anymore. They, they, doesn't matter. The hype is done. They're moving on to the fucking next stock. Day traders have a short attention span. I don't know what the fuck it is called the shiny object theory. I just pulled that out of my ass, but people want the shiny object. If stock XYZ is moving on Monday and it goes up 200% and tanks, stock fucking EYF on Tuesday that moves, that's going up 300%, people forget about the stock on Monday, right? So that's an indicator of hype. That's an indicator of demand. Most oftentimes in the stock market, in the small cap market, these stocks have a lifespan of about one day. After one day, people stop caring about it, right? So volume could be your indicator if people care about it. Volume could be your indicator of demand. Volume is the tell all be all, okay? If there is no volume on the stock it is not gonna move. If there's volume, there is demand and that gives you some sort of edge, right? Because you are able to determine high volume, low volume, people care, don't care. That's number one, okay? So many people don't think volume is indicator, I think volume is the most important indicator. Now what's the next thing that I use? So the next indicator that I use guys is VWAP, the volume weighted average price. If you don't know what VWAP is, open a tab right now, Google VWAP, and read about it. Basically VWAP, the definition for dummies is VWAP is the volume weighted average price. That basically means that is the average price that people are holding the stock on the day. So for example, today, D-WAC, the VWAP is around 82, the intraday VWAP is around $82. So what that means is most long-bias traders are in at $82 and most short-bias traders are in at $82 average, okay? So what that means guys, what that means is if a stock's VWAP is at 82 and it's under VWAP, that means that the longs are stuck because they're underwater and the shorts are winning because they are profiting. The inverse, if a stock is above VWAP, that means that the longs are profiting and the shorts are in trouble. So VWAP is a very simple indicator to tell you who is in control of the stock, okay? Who is in control? So I know if a D-WAC is at 82, if it's at $80, the shorts are in control, but if it's at $84, the longs are in control. By knowing which side of the equation is in control, that gives you an edge. I know that if a stock is under VWAP, every single bounce is gonna get sold off because longs are trying to exit at break even. I know that if a stock is above VWAP and dips down, every single dip is gonna be bought up because shorts are trapped. Does that make sense? Oh shit, BBIG's tanking, I gotta cover some. Okay, what was that guys? Maybe I'll show you guys this live trade right now. Give me a sec. Okay, so BBIG, let's cover 15,000 shares. 1,000. Let's cover some at 47. Let's see if I get it. All right, well, let that do its thing for a second. Let me know if it goes on the 47. But anyway, that's kind of, that's the second indicator that I use. So I know on stocks that are under VWAP that they are gonna be in control of the fucking shorts. Okay? So guys, so now the next question, the next indicator, the next thing that people are concerned about is what about fucking Fibonacci or these moving averages or the Ikimoku clouds or the fucking XYZ indicator, RSI, bullshit? Okay, so let me tell you a couple of examples, right? Wait, what happened? Sorry, I'm trying to live trade and do all this shit too. I cover song 50. Let me set a order to cover another 10,000 at 74. That's fine. Okay. Okay, so now let's talk about the other indicator. So let's talk about moving averages, okay? So let's say you are the type of person that wants to use moving averages because that's what you think is gonna work or you heard somewhere on fucking YouTube that moving averages are the key or whatever the fuck it is, right? So honestly guys, unless you're trading something like Amazon or something like fucking Google that is 99% institutional, 99% algorithmically traded, fucking 200 day, 50 day, 69 day moving averages won't work, right? Moving averages don't work on small cap stocks because most of the participants are fucking humans, right? Humans. So if you're trading large cap stocks, if you're trading shit like fucking Nvidia or Apple or Google or Amazon, that's these high priced stocks that are controlled by funds and institutions, then moving averages and all that shit works. But for the stocks that we trade, for the small cap stocks that we do and for all the stuff that we focus on, moving averages don't fucking work. RSI doesn't fucking work because RSI, the relative strength index or whatever the fuck it means, obviously if a small cap stock is moving, if a stock cap stock is moving, that means that the fucking, the RSI indicator is already fucking crazy, right? So it doesn't fucking matter guys. So what you guys have to know is all these fancy fucking indicators, all this fucking moving average, all this fucking Fibonacci usually works better on large cap institutionally traded stocks because the robots, the algos, the people that control these stocks are using those averages and using those indicators. But for the shit that we trade, for a small cap shit we trade, volume and VWAP is the only thing that fucking matters guys. Okay, 474 filled. Let's see if we can get some more, 471. Just move that to 472. Let's show you guys. My fucking covers, okay. Now, let's see. What do we want to do here? So pass zombie times, stock dipped down. What is SSR? 519 times 0.90, SSR is 67. So it's one penny away from fucking SSR. So what I want to do guys, what I want to do is I want to fucking cover some more, bro. I want to cover some more just to fucking protect myself, bro, because you never know what's going to happen. So I'm at 73 for more, 5,000 more, 73, okay, I got that. Now pretty much it's up to me. Do I want to, oh, okay. Let's get some more off at 70. Let's see if we can get that. Right now I'm just covering into weakness guys. Covering into weakness, got that. I mean, shit. Let me just cover another fucking 5,000, right? 71, no 72, cover more, got it. Okay. Now what? Now basically stock is fucking broken and covered on the dips at support. Pretty much the only reason why I'm covering here guys is because I want to be dumb for the day. I mean, I don't want to be working anymore, right? So it has already passed zombie times. I let it go off a little bit longer than I wanted. So the last thing I want to do is turn this into a fucking loser. So basically right here guys, I'm basically trying to decide what I want to do. Do I want to wait for it to go under 470 or do I want to just kind of cover out and call it a day and lock in my profits, right? So let's take, let's maybe prep this. Let's do it maybe like a 475 order. So if it kind of breaks above 475, I'll just get out. That's what I'm thinking here. All right, locked in my profits. It's past zombie time. I don't want to hold this for a fucking all day fader bullshit because we're not in that type of market. I'm already up a decent amount of fucking money so I'm just going to fucking take it. I took it, I don't give a fuck. So over here, locked that in, about $9,000. So net profit on the day after fees is about $9,700. So about 10,000 before fees and I might have covered the dead top but I don't really give a shit because I made a fucking 10 grand. So I guess this is one of those lessons. I guess we're keeping the tradition of live trading on a Wednesday, man. So called it a day, about $10,000. Let's say I didn't really use any fucking Fibonacci. I didn't use any fucking RSI. I didn't use any Ikemoku clouds. I didn't do fucking anything. As you can see, I'm fucking just over here in my black shirt and just fucking trading, right? So I mean, if it tanks more without me, let it tank. I cannot be fucking greedy and want more but that was pretty much a first red day setup. My plan was to fucking just wait and wait and wait. And because it started to reject, because it started to stuff, I was a little bit more patient. It was a gift that had happened now but again, what I like to do guys, what I like to do is I wanna walk away at 10.30. If at any time and any day I am trading past 10.30, it means I'm doing something wrong, okay? It just so happened that this setup took an extra hour to work, right? It just so happened that this setup took an extra hour to fucking work. And now instead of saying, you know what? It's gonna go to $450. I'm gonna hold all day and I'm gonna make an extra fucking 10 grand. No, take my money. I lock it in and I'm fucking done for the day, bro. I'm done for the day. Done, done, done, done. So that's it, guys, that's it. So I think this was a helpful YouTube live. We threw in some fucking live trading, talked about some indicators. And I think that's it, guys. So if this video was valuable, leave a like on the video. Maybe leave a comment with something that you learned from this video and maybe I'll pick one person who comments and likes on this video to win some free MIC swag. So hope this video helped. Can't believe we caught a live trade but that's just how shit works sometimes and I hope I was able to help you guys. So I'll see you guys on the next video.