 How do you how do you focus? How do you handle all these? I wake up and there's like freakin 10 of 15 symbols That are running We're in play and then I got to locate them now. I'm spending like a yeah my kids college tuition fund on locate fees So what do you do? What do you do guys? Well, we got to get back to basics man. First of all check out my Check out our YouTube our YouTube channel My vessel club in there. We talk about process a lot and so part of the process to figure out what stocks to trade So one of the biggest hurdles that you have when you start is you're overwhelmed You have no idea what to trade so you buy a freaking scanner, right? So you're buying the scanner you're paying $2 a month for a scanner don't know what the fuck you're doing all the Scanners doing is showing you tickers to lose It's like walking into a Chinese gambling hall and Now the guy goes, okay You got 20 games to choose from and you don't know how to play in these games you put your money down Oh, you win you put your money down you lose so it's straight up gambling. That's exactly how trading is with a scammer No, it's camera. That's bad as well. So it's camera is the pump room, right? But a scanner trading with a scanner is like walking to Chinese a Chinese gambling hall I don't know what the hell you do. He's basically gambling guys Scanners is useless get rid of the scanner use that money to join an educational room like MIC We actually teach you a trade. We actually post our scanners. We other people post the scanners There's really no reason you should be paying for a scanner Get rid of your scanner number one if you're fucking in if you have a scanner and you're on this webinar You're not an MIC. Jeez. I don't know what to tell you You've been sold a lot of bullshit and I'm pretty sure that you're not consistent trader Chasing chasing I used I mean I have a scanner. I look at my scanner maybe twice a day Okay, when I wake up and then when I'm bored as hell during midday and that's how I get caught So a scanner doesn't really do anything for you because you don't know what how to trade the stock You don't anything about the stock. He just shows you the ticker the stock I mean everybody has a scanner and people are posting scanners left and right so for $200 for 200 bucks a month I think you're better having a set of thousand eyeball scanners in the room doing in doing analysis for you, right? So that's the first thing you do you get rid of your scanner and then when when you see or even okay Let's say you do have a scanner or you have a free scanner You take a look at the top place. Okay guys, and so you I always tell people narrow down to your top three Focus on just basically if you want to focus focus on top one nail that stock the key is to wake up early You know, I see people waking up with like right when the market opens They're almost in play wasn't play. How the hell are you supposed to trade a stock? They have no idea what's going on That's called gambling these are degenerate losers. I walk in and go what's in play guys? What's in play guys? You know, I used to be one of those I used to be the guy that's always walking the room and going hey, what's in play? What's in play? You know cuz my whole thing was okay, whatever's in play when play it. I'm doing no due diligence. I'm doing no No analysis so the key that's successful training, you know, we talked about oh trade the first hour You know, you can create the first hour, but you won't talk about that fact that we wake up an hour and a half two hours before The market opens sometimes more Alex been up a long time ready Analyzing plays figure out exactly his entries his exits, you know pre-defining his wrist knowing his lines Knowing the news that comes out looking up the filing. So basically we know The plan of attack is like going to war when you go to war. He was walking the battlefield. Okay, where's the enemy? I'm gonna go kill the enemy. The enemy's been sitting there for weeks months years plotting the battle plans same concept for trading Okay, you have these guys walking coming into the open and they're supposed to be an educator. Oh, what's in play? I'm gonna start getting on the microphone and pumping to you. That's a straight up scammer guys Okay, so you when you talk about what stocks to trade because there's so many stocks. I really don't know your style So that's where coming at least an hour before the open To take a look at the possible place So you start out with let's say 10 possible plays on the scanner Then you narrow it down to five then to three and then you have a plan for each three Okay, then you do one if you have you know, then you choose one or you have three to choose from and which setup comes to you That you plan is the one you take so sometimes I don't know what I'm gonna take I could trade them all I put I place fantasy orders out in that place them all But a lot of people don't have the resources to do that. And so my suggestion is start off with three max Will your way down from ten to three and Then if you want put fantasy orders in all three small size on each Or if you don't have enough capital Wait until it's near do you have your plan tax? So what I'd like to tell people is try this guy's get index cards like when you study school Right down your plan Right down your plan before you open the market opens right down on that index card this stock Entry exit stop loss. That's all you need exit Entry exit stop loss Get the exits for the win And write that down and then what happens now is that the end of the trade you mark you write down your notes And now you have a collection of index cards of your trades Or do it on the spreadsheet Do on the computer spreadsheet by doing that you can actually track down What you're doing and then you put notes on that it's like learning But writing down the plan Actually solidifies it helps you with your trades. That's what Alex writes his watch list So each morning you guys should have your own watch list And the way you do is you have your own watch list and you compare it to Alex's watch list and the other mods watch list You're like, oh, okay, Alex got this price. Why is he at this price? Why do I have this price and this way you can kind of reverse engineer as well and learn So writing down something. Well, look how nice this This is right I'm gonna take a video of this Things down it goes in your brain much easier Yeah, I got bright ideas pretty funny. Can you hear me? Can you hear me? Oh shit? Let me try Okay, I saw it All it was good. Yeah weird Instagram weird. Okay. Thanks. I so the guys that I Done in the past when I started with any anything in school is to write things down on an index card and Same thing with trading now. You have a log and we actually have trader logs and report cards in MIC Hey, what's WORX that guys? It's kind of curious So any questions on that any questions on how I'm able to get a top three list for myself and also Compare that to Alex's and the other moderators watch list and I see if you're absolutely lazy or you're late That's what I sometimes do when I'm running late. I just whip up Alex's watch list and that right there It's like a cheat code guys It's like a cheat code. So you join MIC for the scanner and for the watch list and that pretty much pays itself It's crazy as sounds guys. It's you know, man trading does not have to be complicated trading is actually very simple It's never easy the hard parts of discipline. It's like me. I wasn't I should have left I lost some money back on trying to long XEL a it didn't go as I planned So I lost some money, but you know what man? I had a plan and I took my loss But you know what? I didn't have the discipline to leave But you know what man? I was risking a little bit. So I was okay. There's a good risk reward on the bounce It didn't bounce so I got out WRX a WRX is a broken stock And so I'm just kind of tracking it see where bounces VWAP is in the $4 range I think 407 or something like that you guys I wanted to keep the short and light any questions I'm gonna bring some member on maybe bring someone on to ask a question How do you make money during the summer when things are crazy exactly that's exactly how guys you have your top list? And I'll give you example These guys are blowing up short selling their short selling day one runners and look at these day one runners They run a lot a lot a lot more than you think My suggestion is wait for the top wait for the day twos They wait for the broken plays then you short as a new trader if I was a new trader guys, I would solely I Would solely do what stick to the backside. I don't want to show you my backside So if you're a long-buy straight you go strong stocks the open day one open low floaters Take advantage of the pumpers. They have the discord room guys pumping They have the freaking chat room guys pumping that the YouTube streamers So take advantage nail and bill How you make money in any market guys nail and bill I have people crying. Oh, these big traders are crying Zombie I'm out. No shit. We've been talking about zombies for only like what half a decade now Now you finally realizing the zombies are real So they don't nail and bill they're going for the home runs, you know the markets are changing Markets are changing adapt guys, you know, I the worst thing you see is a top trader supposed it's opposed to top trader It's up to cry whenever they lose blame me shit on algos blame me show manipulation Everything's manipulated guys. I don't see them crying When they win money when they win money to the best in the world and And they brag about it But when they lose it's like I hate those kind of people guys. I'm so sorry I can't stand those guys people. It's like win with honor lose the class guys I'm gonna bring someone on guys Raise your hand you going on. Maybe y'all maybe we can bring on a Someone random that haven't met before And maybe we can help them figure out one of their trading issues or if you're skeptical Anything I bullshit. I would love to talk to you too. Don't worry. I won't grill you too badly But in the day guys is discipline over else, but that's why you do the room I mean, I seen guys becomes a successful Learning MIC and then then they they quit MIC and then I like what the hell you doing You know, I thought that was fucking much money But the moment they quit now they change their process because part of the winning routine is to be surrounded by winners Why would you learn and then quit? I just don't get it. It's like either. I mean That it's the ego guys. Oh, I don't need you guys anymore. I used you guys Yeah, I learned from you guys. I don't now don't need you anymore You know that that's a sort of mentality in my opinion that stops growth If I'm learning from someone I Mean, why would I want to leave someone who has made me successful? You know unless they they think that they can do better without you. That's the that's the weird thing, but Whoa, I don't know. This guy's a real guy. His name is so long I'm gonna try to bring a guy with the longest IG name I've ever seen And all the guys want to be the smartest in the room with the richest girl I route I want to be the dumbest guy in the room guys. I want to be the dumbest guy in the room I want to be the poorest guy in the room. I mean that room is fucking staff Imagine a bike and Michael Jordan was in the basketball team and he's the worst player Holy cow. What kind of space jam competition is that right? well Raise your hand someone else who wants else to be on I I tried about the other guy and then come on stuff It looked like I don't know he's real or not or a bot or Raise your hand. What's in it? Yeah, no one was going and we'll end early today guys, and they will see you tomorrow at hush's webinar He's unable to join this guy has a rear this guy is a jackpot bones I don't know how they get you on Let me Who wants to come on? I'm gonna pick random people. It's weird. I can't get people on this It's something broken with the IG live guys Last time with this guy looks like it's from Europe Hello Hello, we can't see you Is this all right? Oh, yeah, the camera Hey Where you from my friend? What's your name? Chantala my name is Chantala and from Austin, Texas. Oh, Texas. How you doing? Quite well man. I'm doing okay. Yeah, try to make a hundred dollars a day That's all that's all you need that the blueprint the blueprint for a thousand dollars a day is a hundred dollars If you can make consistently a hundred dollars, you can now start to make two hundred three hundred, right? Right. Yeah, that that's a plan. Yes. Are you in my seeds? Yeah, yeah, my time number over a year now. Oh, what's your name there? Chantala Chan, yeah Yeah, oh So tell us tell everybody how how is it things are going? This is the first time we ever talked. That's great Well, uh, let me see at first. I have difficult time with my account with I be in the broker's thing and My computer my system I I have a laptop that use hard drive but Had this Anthem of screen, you know And I've been trading paper for six months paper money. Yes All wrong. Oh, I mean on short and then I have difficult time with We We installed my add some more money in, you know, like 35 K. Oh Okay. Yeah. Yeah, but I decided not to add it on only 25 K now I'm doing long now instead of short Okay, how things going? What are you learning? I'm just learning just with your people with you guys with the club What what are you what are you what is your strategy that you've you've been a finding success? So tell so this is a good example because you started with very little knowledge, right? Yeah, so don't know it So how so tell us how you were able to now even place a trade and to understand what's going on Well, I I try to do Minimal chair When you add it on like for example when you purchase on the time like 830 is usually low, right? You wait until The market open if a pre-market you kind of if you want a profit Be a big number you be kind of aggressive, you know by the time the market open You you kind of slow down a little bit because it It can go up and down Very rapidly, you know That way is you a risk management. It's more critical them when you know But for right now, I'm just trying to make a P and L as Keep going like a hundred hundred fifty dollars a day, you know How how are you doing on that? How are you doing on that goal? I'm doing pretty good man. I'm a consistent. Wow in the week. So you Okay, so tell us how you do this month This month this month. I'm green man. I'm 75% I would I would win a 7 to 75% Green yeah, wow, so you went from knowing nothing about stocks To to paper trade to learning for six months and now you're consistently profitable. Yes Yes, my friend that just shows that anybody can do it with hard work, right? Oh man That's good. It adds up fast, right? Yeah. Yes. I'm trying not to be too aggressive because From July till September it probably okay But since the table it probably sell off the market the condition of the mental attitude of Majority of people, you know, you kind of Get that into your head and then you trade Go along with the trend, you know That's I try this is great You know what? No, I notice I know there's so many different ways to trade to make money So chance has found his niche he figured out, you know, the best times of days to make his trades work This is what I love, you know, once you start to learn, you know, the How stocks move the lines and all that now you create your strategy. I love the way you do it You're you're not being greedy. I love I love hearing the key words like risk management right now You just managing risk you're a professional risk manager So a better a better term than day trader in my opinion because when people hear day trading they think gambler A good term is I am a professional risk manager. So I love that I love the fact that you you are now managing your risk and you know, we so you have hard stops Do you use hard stops max? They lost Yes, yes, I have I have different screen. I ready to to do a hard stop I I Yeah, I have I have screened that and hard stop all the time. What's I mean most all the time But I know I know I'm I am a trader now. I walking. I'm not running I'm not joking, but I'm walking as a trader. I know how to Use my step. Wow. I mean, that's great. Yes. Tell us what you what did you trade today? And your mindset what what did you trade today? Can you say that again can hear you? What what stop did you trade today? Today I trade Zilla Yes, that's el a so tell us your mindset and what did you do? Let me see. Uh, I still have my screen on Zilla on Zilla I I get in I uh, I I I get in around nine o'clock Not yeah, I get in at nine o'clock at 25 chair. What what uh, what price? Uh, 380 Wow, 380 too. Wow. Yeah. Where'd you sell? I sell at uh nine Let me see 950 at 419 Oh, that's good. So how much that you know what man? That's like what 80 dollars already. You almost got your goal, right? Yeah, yeah, I I I make uh, I make a 72 dollars That's great. That's great. So you see guys He's Chad is learning to walk first. He's not gonna run and trip and fall So the moment he comes super consistent now gets slowly at size Over time and notice how much he's he making with very small size So that's that's the beauty, you know, you don't need big size to make money guys You know $200 a day is a great goal and that's $50,000 a year, you know That's great supplemental income with very small size when you get More comfortable then you can start doing 100 shares 200 shares 500 shares, etc But this is a great start man. You from someone that knows absolutely nothing about stocks a year ago To now being able to be you're now a self-sufficient trader again. That's that's so amazing Yeah, I I have uh, are you a technical what is the Maddie magician of italian maddie magician like if if I go like if it drops seven Seven cents I add it on like one one add two three four five eight 13 thing like that You know if it dropped Like seven times two is 14, but it dropped 15. I add another 25 chair, right If it dropped again Like 21 check 121 cents add some more You know You kind of try you check your emotion. You know, you don't panic Sometimes I go get panic because I I've been lost I have lost for uh the most Big number that I lost is 1500 dollars, right? and Since then I try not to lost that much. I mean try to gain and Try to gain and consistent and I can but when you lost you lost you take like everybody else, you know, take a walk Did you uh, have you made back that loss? Did I make it back to the lot when I lost? No, no, no, you said you you lost it back then, right? So so during that time you made it back I make it bad about halfway bad. Yeah halfway bad. I'm not completely again So, when did you lose? I just want to see the time frame Oh, I look I lose, uh, I think in back in May back in may yeah Late in the middle of may may. Okay. Um, yeah, when did when did you join m ic? I joined my cheese and apple apple I tried to trade in apple On 2020 Okay, so did you lose? Oh, you lost it on this year? This year, I still lost. Yeah Okay, but you slowly make it back. So but you know why you lost So maybe you go through the mindset of what happened. Well, yeah, yeah because because of that loss Because of that loss that I have That's why it made It made me a little bit caution I used a little bit more caution Instead of I'll be too aggressive on certain time of the day. I mean not just in the day, but certain time of The market in general, you know the market in general back then it was Well people try to You know, they call it 19 still start, you know, 2000 2020 in april In beginning of the core with 19 And and the market is kind of calm, you know And all the sudden while at all All the certainly just heated up real quick, you know, and that's why I lost We we can't see you champ put you on I think I'm looking at you. I look like a fur jacket or something Oh, you can see the camera Yeah, but I love the fact so we always talk about this you either win or you learn So, you know having that loss Completely made you a better trader because now you learn from it Absolutely And that's you know what in an early of a career That is a great thing to be able to lose but you know what he didn't lose that much I bet you a lot to you guys. I've lost a lot more than he did and now he's on his way to being Making it all back be a consistent trader and learning learning very early on risk management. So that's you know, that's good, man You know anything else we need we can do for you. Let us know It's okay. Thanks for coming out and um, hey do this hit up, uh, oliver. We're gonna get you some swag Maybe you can use the msc shirt for you your family Okay, uh, give in touch it all over to get the t-shirt or something Yeah, yeah, we'll give you a hundred dollars of whatever you want to buy. So go to the msc store my friend All right. Thanks. Thanks, Bob Thanks. Thank you. Thank you. All right. See you. Bye. Bye. All right. Bye All right guys that you guys heard it there. I mean Any age young You know retired Wherever you are in the world you're able to trade and the key once again I keep talking about this msc is the only one for some reason We're the only ones talking about risk management and chan hit it out of the park by talking about risk management You know the the best thing he could do for his trading Early on was to take that loss and now he built risk management around that loss guys I see guys on twitter refusing to learn risk management and then blow up You know what that's the last time that chan probably he's gonna hit something that big of a loss because chan is now Very very aware before and he takes that big loss so Great job chan and i'll see you guys. Okay, so the key take away guys once again is risk management You are not a day trader. You are a risk manager. I'll see you guys. Thanks for joining