 Hey traders, this is Tosh I go by T Bradley 90 in the my investing club chat a general reminder for those who do not know MIC is having a one-year anniversary event where bow is going to be trading live in front of our members It's coming up August 17th mark your calendars as an added benefit for our members The event is 100% and exclusively free for annual and lifetime members While lifetime on top of that get extra coaching before the event and guaranteed front-row seating While most charged for these events We show our support by making it again free for annual and lifetime members if you are interested in signing up for this event DM T Bradley 90 in M. I see slack chat and or email myself at Tosh at my invest in club comm now today We have a very special video for you guys as it is June 25th 2019 and it is time for another bow daily recap today bow talks about how to top tick and Also the category of low-hanging fruit the ticker symbols included today are fun ph un xb. I o GBTC nerve NERV and VV PR This is also categorized in the trading fish Academy 2 episode 4 and While today is just a preview of the full length almost one and a half hour video If you want to watch the full length video or any of our exclusive content to become an MIC member All right guys, welcome to this day the recap. This is June 25th 2019 It's been a while since we did one of these so and the reason why is I don't do these every week is because Whenever I do one of these it's the same process guys. It's the same exact process only differences The type of stock so if you've been watching the daily recap since the beginning leading into the trading fish You'll notice it's the same process. I go through the same exact process for each one of these stocks that I trade and so You watch these you learn the process you learn how we figure I figure out the lines how I do my entries how I scale and then the rest of The time is screen time is experienced through screen time. You just there's no Way around it. You have to keep watching these stocks. You have to keep replaying these Setups in your mind. I call that kind of paper trading was mental trading. Okay. I mental trade every day Like I'll give you example IGC IGC right here, dude. I man, I Screwed that up. I I waited. I didn't I thought 250 was coming It didn't come and then it just tanked you that it didn't chase. I thought I was gonna bounce back up through a zombie I'll know it kept on tanking So these are the type of screen time that you put in so the more times you look at these type of stocks The more experience you get The process is going to be the same sometimes Sometimes it works Sometimes it doesn't the key always is I keep telling people is the process is discipline and risk management Okay, I Missed IGC I'm very upset. I miss this is the big trade. I waited for this trade For a few days. I saw this IGC last week. I did not get in there long But I waited many days for this and I missed it. I pissed off, but you know what man? I maintain my discipline Missing it is better than losing So it may have kept on tanking today So I didn't chase But I'm looking at this like I should change that should change but the next time You know what man? It could have saved at two bucks rip right back up. Who knows? So the only thing I could do is maintain my process if I miss I'd miss Okay, that's a very important thing for a trader. I Saved this man. The hardest thing about trading guys The all the hardest thing about trading is not trading And we repeat that the hardest thing about trading is not trading is being able just to sit around and wait for your Setups wait for the stock to come to the areas you want so what I usually like to do is this I I Do a lot of fantasy orders. I call that fancy orders is basically okay before I even enter the stock Where would I like, you know in a perfect scenario? Where would I like the stock to be? Where would I like to my entries to be that's that's called a fantasy order? I call that fantasy order because dude before you get into the stock. That is the area that you want Because why would before you in this talk, you have you are emotionless. You're not in the stock You know, you have nothing to lose. So, you know that that time in my opinion is the best time to do your planning It's not when you're in the stock Because when you're in the stock, you know, you're going crazy your emotions are running you're greedy You're fearful, but when you're not in the stock is the best time for you to make a rational decision a motionless Decision without emotion So during that time guys plan your trade and when I talk about planning a trade There's a couple of things you need to do a few things plan the trade is not just mean where you're gonna enter It also means where you're gonna add So if you have a scaling plan you need to scale that you need to write that down where you get it You know, I've been doing this a long time. I don't write it down But you know for for yourself if you want to keep a notepad and write that down So I always plan around this so we talked about this thing in in in chat about range figure out how How range is that stock is is this a 20 cent range is the dollar range 50 cent rate so based upon that You know how to scale properly You don't just load up in one spot because if this sucker ranges 50 cents to a dollar You're screwed Every I mean, you know saying so small the wider the range of the stock the smaller the size You should be scaling in at each entry Okay, we repeat that the wider the range you mean the bigger the range The smaller your entries should be because you know what money you have to give it room for it to work You can't be sizing up on a stock that's ranging up and down 50 cents You know even a few thousand shares are 50 cents, you know could could stop you out So you so I base everything around risk. I Want to see okay How much am I willing to risk or lose on this stock based upon that if you're out the range And then I place my orders accordingly and the size of one a lot of these stocks barely just hit I mean I have fancy orders at the lines. I want and a lot of times man to be honest man I don't get the size alone because Sometimes it's too perfect and I get small size, but you know what man small size is better than Losing and having FOMO. So that's the problem guys. So as a beginning trader, you're like, I don't want to miss a trade I want to miss a trade. I'm gonna get in that trade. You know what's gonna happen man That stocks keep going up 50 cents more and you're screwed You wanted to get into trade so badly That you pretty much Through your rational sense out of the window and you just being emotional and so yeah now you're in the stock Of course, you're in the stock but now you're down 50 cents So what I like to do is do a fancy order Where would you really like to get in the trade without FOMO and that's where your entries should be That's my opinion. That's how I do it. And that's how I'm able to top take all of these stocks The hardest part like I said the hardest part of trading is not trading It's just waiting dude waiting for those waiting for that stock to get to your price You so I'm saying So based upon that, you know, so let's get into this daily recap right now First of all, you guys can hear me very well clearly guys because some guys have audio issues turn it up or restart zoom But I'm making sure the audio is very very loud. Okay, great guys So what I'm gonna do is I want to go through stock by stock first and show you what I did and the process behind So once again guys, I am not the master of everything I do some things very well and I do something Very poorly and this is all relative of course, right? I'm still learning So that's the one thing you gotta keep in your head man. This is my way of trading This is not the bible of trading does not mean this is the best way to trade This just happens to be the way I trade Good or bad. It's up to you by interpretation. That's just me. This is how I trade guys I still have a lot of bad habits for my old days um Because I I've never gotten mentored and so So hopefully the new guys are trading right now. You guys Think about it. Yeah, if you're new, don't be scared. This is actually a good thing, man If you're new to trading This is a very good thing you're doing now. You are starting off Without many bad habits You're learning the proper way to trade. This is in my opinion the proper way to trade. Okay So I have a lot of bad habits fomo and all this stuff, you know what I'm saying so Or scared of you know, just taking trade Taking x's too early stuff like that. So so keep that in mind guys. Keep an open mind always learn The one thing you need to respect all the time is the risk. Okay, respect the risk A lot of the new guys you guys I have a very bad habit. I'd never used hard stock before Uh, but I've been doing this a long time. So thank god. I you know, I can mentally stop out But for a lot of you guys you have not Earned the right for a mental stop. So place your hard stops that will help you That will save your account. Okay. So before I start this I want to talk about stops. Okay hard stops In my opinion even more important than a hard stop for you guys is A max daily loss on your account call your broker set up your max daily loss Because you know what man after a certain point you lose too much you you are not going to be a good trader You're going to be emotional. You're going to be revenge trading Sometimes you just need someone to say stop trading get the fuck out Go home sleep do what you need to do Come back tomorrow because you rather lose Manageable loss to be all crazy sometimes, you know, I'm like, dude, I wish someone just slapped me in the back of hand That's what we have the tab program training accountability, buddy But but you know your your your tab is not going to be there slapping you all the time And that's where you have to put a fence around your trading man Put a fence around your wrist. I even me man. I mean, dude The other week, I mean unless there was a max one of my accounts had a max I didn't even know and I triggered it. It was like on a $10,000 was my max right loss And I can't even fucking know and I'm kind of pissed. I'm like, fuck I went back in I went back in And but but then that was the right decision if I went if I Did not have that max loss. I would probably freaking lose 20,000 So like I said, man, sometimes that that loss is to help you. It's like fucking wearing a condom, man You know, it's what it is, but he's you need to wear a condom And that's the condom for trading man. A lot of guys you want to go in raw and you know what's happening You take the chances, you know Maybe nine out of 10 times it's safe The one time You know, it's not safe. You're dead. That that's exactly what trading without A fence trading without stops will happen, man, nine out of 10 times you're flying at one time You're gonna you're gonna run into a bad situation there. Okay, so 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