 on happy Monday. So I kind of want to talk about some trading stuff today but before I do a couple things I want to make note of is I'm going to be away on Wednesday to Sunday. So my little brother is moving to Miami on Wednesday and he needs my help to kind of help him move in and I haven't really taken a vacation in like nine months so I'm kind of using this as an excuse to go to Miami to get some nicer weather to hang out with my brother to help him move in because God knows that when he goes to Miami he's definitely not going back to Jersey so I'm gonna be away Wednesday to Sunday. I won't be around for questions I won't be around for comments so I'm gonna kind of just disappear so just want to kind of give you guys a heads up. So number two is what the hell has been going on in this market right? So you know if this is your first year trading or maybe your first month trading or maybe you've only been involved in this market for like six months there's been action after action after action after action right and there's a lot of people that have made a lot of money in this market but what's been happening now is because the market is slow all of those people that made money when the market is hot are slowly starting to bleed away their profits in this market because what worked last month what worked six months ago isn't working in this market right now guys. So the lessons today that I want to kind of give you guys or the things I want to kind of go over is what you should do when the market is slow and you really want to trade right so Mondays historically normally are my worst trading days right because I'm so excited to trade over the weekend I genuinely love trading I think about it I get excited for it and every single Monday that I show up to the market I have a lot of FOMO that is why on Mondays you see extreme moves in the market up or down so today the markets down like 800-900 points right so again for me this is kind of the first day and what seems like a couple months but I have not placed a single trade today I had plans I had ideas I had stocks that I was watching but I personally didn't feel comfortable with where these stocks were trading so I didn't feel like I needed to risk my hard work on these setups right so that's something that differentiates trading and gambling right a lot of people think that trading is just gambling you're just fucking rolling dice and you make a loan you make a short and that's it that's that's your trade pieces right so what people don't realize is in trading we have something called an edge we have certain patterns we have certain news catalysts we have certain criteria that if we follow that criteria gives us better odds on these setups so I'll give you an example today NKLA Nikola which is a known scam company right known scam company released news that their CEO quit today this morning right the CEO quit he left a couple hours later we get a news update that he's been arrested by the SEC at the airport trying to fucking flee the country so to me what that tells me is all right if this stock NKLA bounces for any reason I have an edge shorting this stock because the CEO is going to fucking prison and they're definitely doing something sketchy here that to me is an edge if I have an edge like that means I have a trade so when I'm saying that there is no edge when I'm saying that there's no setup there's no real reason for stocks that are moving right now for me to kind of get interested enough to trade it right so I'm not interested in trading that stuff right now so to kind of recap guys to recap today I didn't see much opportunity Kodak was gapping down big the market was gapping down big the low hanging through SAVA was gapping down big the hot chick of the day NTN didn't really give me a bounce to short so I had no real reason to risk my money yes I could have traded some stuff yes maybe I would have made money yes I would have lost money but what I realized about myself is the less stress that I have in my trading that equates to more profits for me in the long term so because I didn't trade today I saved myself stress today because I saved myself stress today tomorrow when there is opportunity when there is a better setup I am more sharp and I am more focused and be able to attack so notice the difference between me and about about traded all day today he found shit to trade all day he was trading and trading and scalping and scalping I made a bunch of money today whereas me I didn't take a single trade and that's where trading has to do with your personality right so for me I like to do less less is more for me I like to trade less Alex to have his fingers in every single scenario Alex to trade every single stock and to him he saw opportunity in all these stocks I personally didn't see sorry there was a cop pass I was wondering if he was going to pull my ass over any questions about that today so what did you guys trade today did you guys have an edge today how do you guys do today was there did you trade just because you were bored did you trade because you saw an opportunity you know what was the reason or how do you guys do today because to me it feels like I wasted the day not trading but I know that tomorrow I am going to appreciate what I did today that makes sense a lot of people have been messaging me so last week I posted a video recap of making a million dollars this year which is still kind of crazy to me because I trade for one hour so essentially for one hour a day I'm getting paid a million dollars which is insane I had a lot of people reach out to me and a lot of people say like you know how'd you do it how'd you do it is this real how can I do it blah blah blah and you know what I told them is very simple you know it is all possible I could do it some fucking barista from Starbucks anyone could do it the point is that it took me seven years of studying seven years of education to get to this point and million dollars is not my best year right I've had a year where I've made plenty more than that but the reason why this year is so special is because I was able to make a million dollars for trading one hour in previous years I would have to sit at the desk all day be stressed be unhappy you know lash out at people but this year I was able to stick to the process follow it religiously and that is what yielded to such big P&L so again it goes back to the point is that if you want to do this it is possible remember that it took me seven years to get here you know I love training it is a passion of mine it makes me happy so that's why on red days or that's why on bad days or on days I don't feel like doing anything because I am passionate about it it forces me to keep studying it forces me to keep improving now again I keep using the same analogy I just started working out and I hate it I am not passionate about it I hate it I hate it I hate it so it's different than trading right trading is something that I'm passionate about something that I care about something that's going to make me happy working out feels like a chore to me right it makes a fucking it feels like torture to me but because I have such a good work ethic because I am using the same work ethic that I have in trading that is kind of what's giving me a little bit of an edge in working out so even if you are not passionate in something it depends how bad you want it if you want it bad enough even if you hate it you will do it because you know it's going to improve your life so for example let's say you are trading and you are not using hard stops because for whatever reason you think you're smarter than the market right so if you just do something that you hate like putting a hard stop it is going to give you the results that you are looking for that makes sense guys so sometimes we have to do things that we do not like for the sake of improving our life or improving our trading in a specific example that makes sense so being able to walk away being able to not take a trade being able to take a small loss or the building blocks or the foundation or the pieces and it takes to have a one million dollar a year and if I could do it so can you but remember that you don't have to make a million dollars a year I am just showing you guys what is possible a lot of people would be happy with an extra 50,000 to 100,000 dollars a day which is about like 250 dollars to 500 dollars a day trading which is one scalp two scalps a day which is very possible guys so this all makes sense you guys any questions guys and again if this stuff is not making sense please let me know I am making these videos for you guys I'm trying to be as clear as possible I'm trying to be as concise as possible so any questions guys let me kind of go through back back through these comments you guys know that the market is slow when even the pumpers of this market cannot make money so when you have the pumpers of this market trading random shit just try at the throw darts throw darts throw darts and hopefully one of them sticks that really means that the market is slow because usually what happens is this guys these pumper chat rooms when the market is hot they scam and they fool people into joining right they fool people into joining and their goal is to have you buy their pumps so they buy a stock at five dollars they alert it to thousands and thousands of people the stock goes to 550 the chat room guy sells and then you're left holding the bag when the stock tanks to 450 so what ended up happening is for the past couple months these chat room guys would make money make money make money and their sheep would kind of go crazy but now all of their sheep have blown up all of the newbie inexperienced money in this market when the market dried up they're all gone so now these chat room pumpers these chat room gurus have no sheep to follow their plays they have no one to buy up their scams and the entire market is dead so that is another reason why you don't want to join any of these fucking clowns and any of these scammers with any voice alert email or text message alert because those are the guys that are going to blow your accounts off very fast getting some questions in do you think you could make the same profits in a slower year with one hour a day day trading or were you aided by the hot market if i'm honest guys if i'm honest i did not even take advantage of this hot market as much as i should have i did not size up the way i wanted to i did not trade larger than i wanted to i stuck to the process i stayed small which allowed me to have a very consistent year and next year i'm confident that i'm going to do just as good if not better because i'm just sticking to the process i'm not oversized i'm not doing anything it was never one crazy wind one crazy day one crazy thing that happened it was just months and months and months of consistency consistency consistency that added up how do i not feel embarrassed when taking losses i mean losses are inevitable bro i mean losses are gonna happen to anyone there's no trader that exists in this market that doesn't take losses most of the time we are embarrassed because of our ego and the truth the matter is no one really cares if you lose they just care if you win so as long as your losses are smaller than your wins you're going to be set what is my average monetary size well if i trade two to five thousand shares of any given penny stock it could be anywhere between two thousand dollars to a twenty thousand dollar position because i trade with only a thirty five thousand dollar account so whenever my thirty five thousand dollar account gets to fifty thousand i just wired out i don't trade with a ten million dollar account i don't trade with a hundred k account trade with thirty five k and i make you know five hundred to four thousand dollars a day yeah losses are your market tuition guys losses are how you learn because you will not learn unless you have the pain or loss to teach you the lesson hey questions guys what order do you suggest to watch the m i c videos in that's actually crazy that you ask that question okay so i'm gonna kind of give you guys a sneak peek on what me joe fey james and harry have been working on and fernando so we're working on something called a video library pathway guys so this is kind of we're still kind of beta testing it right now we're trying to figure it out but we're going to kind of create something for our members now that gives you a categorized organized list of videos to watch in order based on what type of trading you are looking for so let me give you an example let's say you join m ic and you want to learn about large cap stocks there is going to be a pathway for you that says all right if you want to learn about large cap stocks you're going to watch this large cap webinar here you're going to attend this thing here you're going to watch this video here let's say you want to become a small cap trader you're going to watch small cap trading basics you're going to go to the trading fish academy after you go to the trading fish academy you're going to go to the webinars here so we're going to kind of create a syllabus for you guys based on what direction that you are trying to look for if you're trying to go to small cap trading there's going to be a bracket of videos to watch here if you're trying to go into large cap trading there's going to be a bracket of videos here If you are trying to go to options trading, there's going to be a bracket of videos right here, too. So we're going to kind of give you guys an organized pathway of which videos to watch based on what type of trader that you are or that you are looking to be. Let's say you have a PDT account and you are under PDT, okay, there's going to be a pathway to say, all right, under PDT long trades, under PDT short trades. So we're going to kind of create this pathway for you guys to follow so that it's imagined. Okay, the way I explain it to people is like, MIC is school, right? You want to be a doctor, you want to be a lawyer, you got to go to medical school or law school. You want to be a trader, you got to go to the Harvard of trading, which is MIC, okay. Now you're in Harvard. You want to specialize in being a large cap trader, a short trader, an options trader or whatever you want. Now, almost like a school, we are going to give you a specific syllabus based on which type of trader you are trying to be, right? So again, as we are still kind of working on this, this was an idea that me and Joe had last week and we're kind of rushing to get it done. We want to make sure that you guys get it as fast as possible. So just please bear with us. We have Faye helping, we have all the team helping because again, Faye has been through the video library. She knows which videos are important. She knows which videos you need to see. She knows which videos are going to help support you. So with the entire team, we're kind of going back and rearranging the video library for you guys to give you an organized pathway based on what you are looking for guys. So this is something that again, no one else does, they kind of try to keep it as confusing as possible so that you really don't know which direction to take, but instead guys, we were going to give you literally, it's like, it's like a map, right? We're trying to get to the end destination. All you guys do is follow the pathway that we're setting up for you. So please guys, please, please be patient. We're working on it. Hopefully we can have it ready in a couple of weeks, but that's kind of the big project that we've been working on behind the scenes. So rather than trying to find new members, rather than trying to do this, do that. Our goal day one has always been, what can we do to help our members the most? And this is just another way that even when the market is slow, we're trying to innovate and trying to improve you guys to make your education as seamless as easy, as structured, and as organized as possible. So that's the video library pathway. Please don't bug anyone. Don't bug Joe. Don't bug Faye. Don't DM Fernando. Ask when it's going to be ready. We're working on it. It's coming soon. And obviously it's going to be available for all members. So there's no up charge, no up fee, no anything like that. We're just kind of structuring it, organize it, make it better, and keep adding to it. Any questions, guys? Again, if you have any questions, Tosh is one of our head mentors. He's actually one of my best buddies. Me and Val taught him how to trade. He kind of helps all the new members out. So if you have any questions about trading, text Tosh at 213-458-5997, and he will help you guys start it, guys. He is your new member, how do I call it? He's like your new member contact. So if you're new to trading, new to MIC, and you want to talk to a human and not a robot, Tosh is the guy. Yeah, we're also going to have a pathway that says, if you want to be a large cap trader, short trader, all that stuff too. So we're going to, I mean, sorry, long buy a trader or short buy a trader. So you're going to have one pathway that takes you to the first bounce and BWAP reclaim, another pathway that's going to take you to the low hanging fruit and death climb. So we're going to kind of give everything to you guys. We're going to make it more structured, more organized, almost like you're going back to school. But in this school, you're actually going to make money unlike the rest. So thank you guys for attending. Oh, shit. Also, so what I do at the end of these videos now is I want you guys to write in one lesson that you learn from these videos. And then what I do is I go and I comment back on your lessons, kind of seeing if they make sense, seeing if they help other people. And then what I do is at when I'm done recording this video, I go back to YouTube and the video from last week, I pick a winner to either win a free month of MIC, MIC swag or the accelerator. So comment on this video with one lesson that you have learned. And next week will be in the running to win a prize. So thank you, everyone, for attending. I will see you guys back in the room. And again, I will be away from Wednesday to Sunday to help my brother move in. Thank you guys for understanding. And I will see you guys back in the room. Thank you so much.