 Hey traders, this is T Bradley 90 from the My Investing Club chat one of the top mentors and moderators of chat and today I'm going to introduce a very special video a Loha trader who goes by Austin as his real name one of our head moderators in chat does a weekly Thursday webinar at 7 p.m. Eastern Standard Time and this week is episode 13 in which case He's going to talk about price action explained a hot market and MIC strategies And while today is just a preview of the full-length video if you want to watch the full-length or any of our exclusive content Then become a member of MIC so Let's get to it. So today Key traders is going to be a little shy because I only really had the day to trade. I Was gone all week. I was literally flying all week and like it was really impossible to trade and I was at the Philly event And the Wi-Fi was as horrible when the biggest they have it was so I mean It's a good thing that it was the busiest day of the week right DPW Yuma. We had those great runners and But like it was shitty because like the Wi-Fi was just crap and like you know like you don't want to be the guy that said Oh, I couldn't you know I I lost because bad Wi-Fi right that sounds like someone that we so someone that we know all too well It's like oh sold too quick Wi-Fi spot. He got it get out So I just I kind of just didn't trade that day and then I flew the next day jet lag Jet lag yes, or they didn't get any sleep try to quick scalp on LADS stopped out and that was it So I had today to trade and they were both losers. So that's great So we'll go over that market sentiment. I'm we'll go over that weekly I mean, it's so much better this week than last week or the last couple weeks Got a couple trader topics a little bit review of Philly I want to go over about like I want to go we're not going to go too in depth It's a little quick review for the people who couldn't go Um, so today I'm going to be going over price action as it relates to strategy and Then we'll end with a Q&A and there's no guest speaker this week But next week we're gonna have bear on so that'll be pretty cool. Like I'm excited to talk to bear He's a he's a sick guy All right, I mean like sick guy like he's like totally sick though All right, so CETX so if you guys remember what I posted in chat today about CETX I kind of really f this one out Um, I posted in chat like I had my orders like at like 230 230 235 240 like 237 247 257 and 263 and I would have missed the 263 one But basically if I just left the orders alone, it would have worked out perfectly However, I did I posted in chat once that I that I canceled my orders, right? Like right as the start of the day came over and I saw a ballast chart And we had the same entry over here And I had like a 223 cover and I look at bow's chat like his and all his buys are right here I'm like this this is dick head this this is why I couldn't get my fills So that was that wasn't like that was whatever. Thanks, pal But um Yeah, like so what what I was doing is I was experimenting with the I was experimenting with my order so I accidentally covered So I had to be short because I didn't need to cover but When the open came in farmer got in and I was like, uh, that's not ideal because the idea of this trade was supposed to be It was supposed to be a low hanging fruit play right, but sometimes Um, there can be two trades in one right and the ctx There was kind of two trades in one and like I kind of canceled it because I didn't like the volume The volume was much too high. It turned out to be um Like what I thought was going to be more than a low hanging fruit The volume was just so strong and and I was like, this isn't how low hanging fruit plays are supposed to go Low hanging fruit plays are typically they pop up really fast. You build sometimes most of the time You don't fill everything and and then they and then they just fall down This had a lot of sustained volume and like, you know, I didn't even get like faked out up here I didn't get tricked. I just I just didn't want to do it right. I canceled the order I'm saying this is not what I envisioned and I called it quits on the trade. Um, I just kind of gave up on the trade It's not like I Now it's too big or anything. I only had the starter on I just I didn't like the volume It was I didn't feel like it was going to be the trade that I wanted it to my other trade that I royally messed up was nate Right and so this was like all of my trades on it base I think I had a couple of a scouts fastest, but like all the major trades. This is it So I really messed up in the morning like, um, the line the pre-market line was for $4 and 25 cents and so it halted up there and I immediately just put a starter short on and and this is normally where I get in trouble is when I just Put the starter on a little too early even if it's a small starter It typically means that like I'm starting a little too soon because I notice all with a lot of my trades. Um, I always add pretty much in Sequential order to my starters. Well, if I start too soon, even if it's small I normally tend to start adding too soon as well. It's just I guess a bad habit that I have, you know, like if I start too soon, I add too soon and You know, you should just like be like, oh, I start soon. It doesn't matter where my ads are It just tends to work out that way. So I started too soon end of covering the dead top. Yes, this is me up here Uh, I quickly put the short back on and I and I and I get it and I get one good cover out of it And then it pops up. So I'm kind of really over it Um, just how competitive it is and I just give up on the trade right here. I'm like, I'm done with it So, you know, I avoid this. I avoid covering into the stuff. I covered it for that It did tank and like unfortunately I had left the cover out I left the cover open. So like that's just salt on the beam right there And that was my very ugly morning on it, right? Very ugly kind of Uh, ugly um triangles too very unlike me, but I was really restless, you know, I I have formal I hadn't shorted. I haven't I hadn't traded in like a week Like I missed out on the Philly trades, right? You know, like I messed up CETX right before this trade So what I should have done is when when a stock holds like There are times where you can throw it out of the halt and it'll immediately fall I knew farmer was in so I was like, maybe this will give the tank it did and when it kind of held I knew I probably should have cut it over the high of day here That was that trade. Um, I hope you guys can relate to some of My my mess ups and I hope maybe some of you guys only got the good parts of the trades Uh, so anyway market sentiment this week has been a lot better, right? The spy Um, hasn't cracked yet. We had a big panic, but we did recover right in the last week or two It's been two weeks since I've done a web us webinar. So But the stocks are holding the daily gaps. They're they're, you know, the the shippers, you know Tops have the reverse with dlbs Started a sympathy. I'm hoping that um that we might get a shipper run Like that's always fun when the shippers run. They typically typically happens in november um Like end of the year But because that's just historically when it happened But like I'm hoping that could be a spark of hope that would be amazing If we've got a sympathy sector a lot of people who are trading haven't experienced sympathies, but like true sympathies like Like a sympathy sector is when like all marijuana stocks start to go Maybe you guys have seen the bitcoin craze a little bit But like all bitcoin stocks to go all shippers go all gold stocks like to run and you know There's always a market leader and there's a whole bunch of followers So that's my sparks of hope like that's I'm really hoping that happens But anyway, we had a lot of runners, right pstv and mtc. I think for the main sparks, right the main Rkda was the main spark, but Pstv and mtc kind of continued it with insane 300 runs, right? Yuma was like a 300% runner We had a lot of strong runners here Workhouse. Oh, that should be that should work out should be green my bad Workout should be green. Uh, I think the way ledx and cetx tank on those days were very negative or not not negative to short But negative to The market's ability to produce runners, right? Because the market can't produce runners if it stocks tank like that all the time, right? It's good for short, but Eventually it'll run it and will cause a run out of runners for shorts, right? No, if they're eventually becomes no buyers because everything cetxing or leds tanking Then there won't be buyers. There won't be runners. There won't be stocks to tank But anyway, uh, tell is an amazing multi-day runner right now tell is the old mpet um And every day i'm looking for a first bounce the locate was really extensive though. Um And then we just had a whole bunch of other ones ba. I think was the leader in large capping it went up like five percent today just totally um Ran away from the market and it's been really oversold lately so Definitely some some good some good vibes in large cap and small cap lands The only thing I have negative to kind of say about this market is like The tanks have been really really really fast and it's like if you don't get in sometimes There's not a lot of opportunity if you pick you're not okay with chasing and that's been really hard for traders Don't don't worry. You're not alone. It's been very difficult for everybody. Um, like the leds or cetx tank It's been very difficult And we're definitely here and it's so funny like like go over my go over my my go over my um Uh Other webinars and like do it in succession and it's literally following this circle Like literally it's like a tankers market a dead market We took a pit stop here. Then we're back over here and like i'm honestly. I was kind of fearful I think the reason why I was short by us on any tp today was because of the cetx and leds tanks I almost had a bad feeling that that might be bringing us into the tankers market, right? Like if we see like a big offering or something on any tp and like and a runner that tanks tomorrow Like or like a dapper that cracks tomorrow I might put I bet you next week we're over here and like next week It's like the week to short right because like this week and last week was definitely the week to long Yeah, right like right it totally did Like the day after right the day after and that was a sick long But yeah, um, I'm I'm totally thinking that like let's if we get both like any tp has like a big crash tomorrow Or and like we get a secondary stock that just follows suit on a big tank I think I think I I would be pretty confident that we're over here next week, but I mean, I hope i'm wrong Right. I like this market uh the seminar that joe and I did and billy is only going to be for uh um Like time and annual numbers, but I just want to go over it quick. I'm not going to go up my whole webinar I just want to go over this is kind of just what I talk I don't want ever anyone to feel like they miss out right like we're at club And I'm sure no one wants to like keep anything from anyone. So this is just like anything you might have missed It's just I'm going to go over quick. I'm not going to go in detail about it, but I talked about how I talked about how um It's very important to be a cool calm collected person in the room That's basically what I try to always impress on people is that You know, nobody comes to the market and is able to make money when they're mad Nobody comes to the market when when they're just frustrated when they have when they're out You know, they have outside of you know, real life problems. They're mad about the trade before You know, they haven't reset yet. Nobody can make money. It's it's like everybody loses money in that kind of situation You're lucky if you make money, but with that kind of mindset, right? And so the way um traders are able to um I talk about how traders have like kind of a veteran approach to trading stocks and this is because they You know been through the ropes so many times the thing that I think that you learn The more your experience through the market is how important it is to have a set of rules, right? Having a set of rules protects you in the long game because this is a marathon not a sprint you'll learn that the that in order to be successful in trading you have to be a very disciplined person and Sometimes your lap you can sometimes you're going to ask yourself when you can deviate like can I deviate with my process And make money today a lot of the times the answer is going to be yes, right? But you don't have a process for the times that you cheat, right? Because eventually if you cheat over time you're going to lose because that's why that's why you have a process So let's say you only cheat once a month Sure, you might be able to get away with it for a very long time But it's like you cheat once a month like if you cheat every day you'll probably lose On by the fourth day you're gonna lose Like I would say by the third day you're gonna lose eventually like if you just break your process You're gonna lose by like the third or fourth day if you have a lucky streak, right? So if you cheat once a month Then sure it might take four months But you're eventually going to get back the cheat days on the day that you break your process So maybe you make temporary money January, February, March But in april you're going to give the the ones two and three days that you cheated They're going to give it back in april. So like what's the point of ever deviating from your process, right? So I trade Like someone like bow and alexer the reason why they're so stern with their process is because they know they'll mess up if they don't Right. I talked about putting risk first and this is a concept. I've talked about a lot You want to have your risk management hat on as opposed to Your gain-seeking hat because when you when you try to make money in the market, you can't when you stick to your process You make money It's like when you if you try to make money, you're gonna lose If you don't try to make money and you try to put the arrows in the right place It's like how come I'm making money, right? A little bit goes a long way um You want to you start to get a lot of Desensitized the price action when when you've been through the ropes and what basically what I mean by this is you get Desensitized to all the noise that you don't care about, right? You start giving every single bit of information on level two credence Or you know, you stop giving importance to to every little like whip you see. Oh, there's a whip right there That must mean that there's a whole lot of demand right there like let me buy that right you start You start giving less importance to every little detail that you see And so that kind of happens you start having you start being a little desensitized to that And and just finally nothing is a hundred percent in trading right like nothing is going to be a hundred percent A trader needs to go in with the mentality that sorry, I talked to you fast sometimes. I'm trying to I'm trying to get better about it A trader comes into the market with the mentality that um You know, they're not shorting the death line. They're not shorting the death line because it It it normally gives a profit. They're shorting the death line because it rarely ever Comes back. That's why right. It's a risk management thing, right? And so, um, this is this is something that like I practice today, right? And this is what I want This is what a lot of people a lot of people call me and they're just like man Like I I had a call something this week and this got so down on his luck, right? I mean just like lose money and like this is just like I can't seem to to get myself out of this pit like Like and he was just like attacking himself so hard and the thing about trading is The market's gonna attack you hard enough. You don't need trading is effing hard, right? You don't need to add on to your struggle by like attacking yourself This can only hurt you, right? Um, like trading is hard. You studied and studied and studied and studied and studied, you know And like and you're just over a lot of times you study all weekend to come in on Monday and and like the pressure Is just on to make that winning trade on Monday and you just you mess up and you just like You feel like well, what did I do wrong? Right? Like like I said, sometimes there's a decent chance of setups. It's not gonna work and you have to just let yourself You have to let like yourself off the hook sometime as long as you stick to your process What you need to be is tough on results and easy on yourself, right? This is like good might the good like management, right? For any business ever tough on results easy on people. We tend to always be backwards, right? Like we're always, um Oh man, I lost and it was you know, I lost five hundred dollars But don't like I mean like I'm such an idiot for losing five hundred dollars, right? You attack yourself for losing five hundred dollars You don't some a lot of times like you might not necessarily size down like right like if you were trading for somebody else If you were trading for a business like an equity firm a prop for a trading firm um If you were trading for a prop firm and you broke your rules like they would let you do that like once Right, maybe twice, right? Like if you're trading them and trading their strategies, you know, they would fire you right yet You know, like we seem to be easy on ourselves And we'll let ourselves make the same mistakes over and over and over again and that would a great quote in Philly, right? If you make If you if you make a mistake once it's a mistake you make a mistake twice is on purpose, right? A lot of times we tend to be backwards. We're easy on the results. We don't like the change. That's wrong Right, but we'll we'll break ourselves for losing money and like how can you it doesn't really make sense, right? kind of like we need to be tough on the results and like Really focus down on the results of our process and trying to adhere to better results and being easy on ourself if we mess up but You know, if you mess up don't berate yourself like write it down say like I messed up today I messed up today. What I like to do is I like to establish outside of universe Reinforcements to myself this one's a weird one. I mean basically this just means that people um People were happy with this price people thought this was a fair price You know, but yeah, that's really weird. That doesn't normally happen You're not going to see it in small caps as much, you know, like you might see it in large caps But small caps is a whole lot of retail where all the emotion is Um, yeah, you might see it more in large caps But yeah, how is that? And oh, when did it pop by the way? When did it pop? Oh, it popped after hours though that that's also kind of cheating, right? It pops after hours and people a lot of people might just say we're going to deal with this tomorrow All right, so you might not see this like I bet tomorrow it doesn't go Like it doesn't go flat and if it does that'd be great weird, right? It's going to have some more range than this. I think this is just I think a pop and nobody trades after hours, right? Nobody's trading you can't it's not a fair assumption, right? Like like We're talking about when a sock goes parabolic when everybody's trading Yes Yes, absolutely Never leaving ever ever ever ever ever this is home never leaving I can't Definitely I can't leave here like I wouldn't ever like if I marry if I marry someone and they like and like they live somewhere else. I mean they're they're caving like like I'm sorry future wife like You're you're caving Yeah, right. Yeah sucks for them Right, right. Yeah, so that was an hour. That was like it seemed like these webinars take like You know, it's really funny. What's really really really funny is when I was in college and feel free questions you guys can keep asking, right? Next week we'll have bear to to to interview and not interview but just talk about it but like In college when I made or in high school in college when I made presentation or college maybe not so much in high school when I was making power powerpoint presentations and stuff like You're always like fighting so hard to Like you're fighting so hard to like To meet the minimum there needs to be a minimum of 10 minutes presentation And you're fighting so hard to get to the minimum and now I have to find myself like I gotta make sure that I don't run out of time here I need to save some time for the q&a And that's why like and in high school I would do all kinds of I would do college Sometimes I was fighting to stay within the maximum a lot of the times but um Like I in high school I would make all these animations like entry animations to try to Delay the time and here I just like throw everything on the slide. So So it goes by a little bit faster Or I won't get to everything I am 26 Thanks, Alex Built upon Philly. Yeah, that was kind of the goal Uh the Philly one I really liked though the Philly one was kind of like I guess I don't want to like I talked about like basically the the heart of my mentality Of of being a traitor is you got to keep that mental clarity just in this intact Oh, yeah, yeah, it should be good Um It should be I mean like a good The audio I think is was was recorded well But yeah, how's that crm? Anyway, any other questions, uh, thanks tom for cash Um Sorry for an a plus short setup. What's the maximum you're willing to pay a share? I mean it depends on the range like I was locating beyond for like 12 cents a share or something like that, right? But beyond's like a 200 share stock Hey traders, this is tosh I go by t bradley 90 in the my investing club chat Just wanted to reach out and say if you have any questions about m i c joining m i c Maybe you're a member already. You have three ways to contact myself personally and through m i c You can hit our social media You can hit me through pms in chat or you can contact us through my email at tosh at my investing club.com That's tosh at my investing club.com I will get back to you in a timely manner and I'm saying this because I'm here to help and I don't want Anybody to be afraid to reach out and ask any question that they have we are here for you guys. All right. See you guys