 in looking for a broker, successtrader.com guys, that's our new preferred broker. You get actually great commission 002 per share with a rebate of 0025. You use the MIC route guys. So I'm not going to go into too much of that. We talk about that all the time. You can find more information online successtrader.com. That is our new broker partnership. Anyways, the reason I want to talk about it. Well, welcome back guys. Each Tuesday we do an IG live at 11.15 market time. Alex does his at 11 on Mondays at 11am. These are all market time. Tonight, which is Tuesday, Joe Kelly does a large cap and options trading webinar later tonight for MIC members at 7pm. Tomorrow is Wednesday. Tosh and I will do a new member orientation at 2pm market time. Thursday, Loa has his trading strategy webinar at 7pm. And then weekend mentoring is on Saturday. I think we did one last week. So we do every other week. But man, you see that guys, education really never stops. I was talking to the guys before actually gone IG live about plans of like think of this as college guys. You have homework and classwork. So homework are watching MIC videos. And classwork is the day real time trading. Just look at it. You don't have to trade. Be in MIC chat room. I comment pretty much all the moves guys. I trade pretty much all the moves. Small caps. We have a dedicated large cap room as well and an options room guys. So education doesn't really stop it just because the market ends. We have webinars. We have this is a full blown. My goal. Our goal is to turn MIC into an alternative for college guys. College will cost you hundreds of thousands of dollars. Some of you guys will never make any money because you know you're you're never going to find a job. But so this is a cheaper alternative. Cheaper doesn't mean worse. It just means more. It's just a different option that you guys can have. I went to college guys. I advocate going to college. I went to a California State University. So my tuition wasn't that bad. If you go to private school you will get destroyed in fees. So we don't talk about that. But I guess we can start now. My topic I want to talk about is how first of all I post all my trades guys to the chat room into MIC. So if you don't see any charts from Twitter from me that means doesn't mean I didn't trade. It may mean I didn't trade but it may mean I'm just tired of posting on online guys. The reason I'm talking about Twitter because I post all my charts ugly as ugly as they can be and I still post them right guys because trading is not a perfect thing. Sometimes we get emotional. Sometimes we add to a loser. Sometimes we do all these things. I am not a robot. I'm not an algo. I'm not going to be a perfect trader. But you know man I've been making money for all these decades. I've been doing okay. I've mentored a lot of people to millions of dollars of financial freedom. I never talk about that. But you know who you are. I've taught a lot of big guys that in turn taught more big guys. I'm like the I'm your guru's guru. Right. That's what he's a joke about. I'm your guru's. I'm an old man. I'm having fucking great hair now see. I'm just glad I still have hair. So I want to talk about Twitter guys. Twitter is social media and with anything in social media you can use it to your advantage or let it ruin your life. Okay. You can use it to your advantage or let it ruin your life. So a lot of people though they get caught up in Twitter drama and social media drama. They go to the comment section. They love reading drama. They love writing stupid shit because you're being anonymous and that's just going to hurt you. So I wanted to segue into that because I post charts and we talk about the zombie rule. We talk all this stuff and there's a lot of people out there smart or not that goes against and said that just hates on us everything that happens. Right. And it's a combination of things. It may be because it's not based on science or whatever it's not back tested by them. They don't think it works. But you know what man everybody does things differently guys. That's the beauty of trading there. You can have a million different ways to make money on the same stock how you enter how you exit how the theoretical just whatever it is it's your system. But the difference is this our system our process is repeatable. It's proven it's scalable. It works. Look at Alex look at the members. I mean this the breakdown of our system is the user is the operator is the guy that clicks the button. You have FOMO every time I review a chart people are losing money. They ask me why and I look at their chart because you have FOMO you enter way too soon. You know and then you hold on to the laws and you don't you don't take your stop loss. So you take a look at my charts. Sometimes I you know sometimes I do perfect trades. So my chart was fantastic. Other times it looks like a mess. But you know what man I have my risk parameters in place. We talk about all the time max daily risk at the broker level. I set it to the ticker level so that even if I mess up and become emotional I'm doing I have open orders right now guys. I have open orders open if they hit they hit. I call those fantasy orders we teach about that. But let's say it goes parabolic. I'm not there. I have a safety mechanism for me to exit. It's called it's called the auto liquidator you know routine over at the broker level. So it's successful. You can call them up email them say hey set up the max daily loss if you want at the ticker level as well. You know whatever it is it don't take you out of the position. It's called auto liquidate. And that is what's making me so happy these days because I don't have to worry about blowing up my entire account. I can set it to two days of wins. So my tickers are set at max loss of two days. So I can lose two days of my average wins right guys. Whatever it may be. So if your average win is let's say your average is $100 that you want to make a day right. That's your average goal. So you set up the max daily loss auto liquidation at 200 bucks whatever it may be right. If it's a thousand you set up a 2,000 or 5,000 it's up to you right. But the key is you do not you do not worry about blowing up because it would take you out of the position guys. So the first thing is you always have to set up your your account to to be able to never blow up never blow up unless it's you that's blowing it up because you are circumventing. I have people that are calling up the broker asking them to remove that. And that's just stupid. It's like turning off your traction control and ABS brakes on your car because you want to do donuts and shit right. Turning off your traction control to do donuts and then you you fucking flip your car when you're trying to do donuts because you turned off the safety mechanism of the damn car. The traction control should not be turned off. People turn off to do racing and shit like that right guys. And so the same thing. And when you do the racing things the guy from Fast and Furious what's his name? Paul? That guy unfortunately died because his Porsche crashed into a tree and that Porsche is but notoriously hard to drive. It has no traction control. It is meant for the race track. So he skidded out of control and he lost his life unfortunately. I'm comparing that to the broker auto liquidation stop loss. If you do not have that traction control on for your account you may end up blowing up your entire account hitting a damn tree. Okay it's not worth it. It's not fucking worth it. Turn that shit fucking on. Tell the broker that you want to have auto liquidation set up. You do not want a situation where your traction control is gone from your car. It may be fun to get into revenge trading and work your way out but that's not a viable repeatable strategy for you to live guys. So hey welcome aboard Alex. I gave a very good example of auto liquidation broker level back loss. Comparing it to turning off your traction control for your car. And that's how Fast and Furious unfortunately that Paul he lost his life because he turned off traction control. But yeah man getting back to the Twitter. So a lot of the Twitter guys they are first of all most of them are fucking scammers. You don't know who they are. They're anonymous and they just like to troll guys. I'm fucking real. You know where I live. You see you know I mean I do. I walk around the streets. I we do meetups. And so I hate the fact that a lot of the Twitter guys are getting to new members heads and new traders heads. They they they make people doubt because they are haters and they just I had I don't want to get in that obviously but I wanted to let you know how to use Twitter to make money not to lose money. You use Twitter to make money by searching on the symbol. So when when a stock pops up and you do not have a news feed or your new seed doesn't show the callus the reason why what I do is I take I take the ticker of the symbol. I put a dollar sign. You know that's the that's the indication for Fintuit financial Twitter. So you search Twitter and it will pop up everything. You sort it by the latest and that's how you find news and callus and reasons why it's moving. But be very careful because some of these guys are lying as the reason why all that stuff guys. So but the fact that I've been using this for a long time and that's one of my one of my secret weapons. Twitter can be used as a powerful research tool. You can research a lot of things but you have to think that is this a real research paper or is it some guy trying to pump and dump. So you can use it for good or you can use it to get scammed yourself. So be very careful. Another thing is to learn how to trade. Think about this. Not many people are teaching you how to trade correctly. If they did they would be making money and a lot of these guys they post one chart that they don't you don't hear from them from a week and then they only post good looking charts and you think yourself damn I must suck as a trader. This guy must be the best trader in the world because he never makes a mistake. He never loses his charts are perfect. There are no issues and then you wonder like does he ever lose if he's this good. He should be a billionaire if he's not a billionaire like what's going on right guys. So a lot of it is smoking mirrors. These guys to social media is meant to show off you can have a fake persona and have no accountability and that's what happens with the trolls guys. There is no accountability with the trolls. So be very careful on who you listen to. So if you're trying to learn a strategy learn that fucking strategy. Don't don't listen to another person just because they posted that one day a giant P&L. I see a lot of times that guy posted giant P&L and everybody starts to poll him and start asking questions and then I'm like dude what about all the all the stuff you've been learning just because one guy posted giant P&L doesn't mean you're going to jump off what you're doing and jump out to him right. You can look but his strategy can be different than yours. His process can be different than yours and I see a lot of people trying to mix and match strategies and all this kind of stuff guys and that's not going to work okay. You cannot look at someone's P&L and then all of a sudden trying to replicate it. First of all you have to become consistent first. So I see people doing all these the new thing that was system trading data system trading you know I'm not discretionary anymore. I am not a random discretionary. I mean dude first of all how much how many millions you plan to make you know just because you have a system doesn't mean it's a winning system. So be very careful what you mean. So the second of all is in order to trade well you have to understand the fundamentals and the basics of trading. So the first step is to learn understand fundamentals. Second is to have the bank role to trade that system. These system traders have a big bank role because there's a big draw down. They have you know three to one risk reward whatever with 40% win rate. So most of the time they are taking losses taking haircut losses whatever but these haircut losses add up. You need a bank role. And so as a new trader it's my advice to you guys as a new trader as a new trader. It is very important that you start with the foundation. It is very important that you do not fall for these advanced strategies because you will get confused. First of all you don't even know what the technical analysis is. How can you do these advanced strategies right guys. So start with the fundamentals and then what happens is this what you need to do is pick a strategy that's a high winning rate. It may not make money much money. It will make money because it's high winning rate right. It makes money as long as you have good risk management. But the reason I like to teach beginning traders high win rate strategies first because it's it boosts your confidence boosts your morale because you know what the high win rate ones are the easiest strategies. It's the most simple strategies. That's why they have the win rate but you're not going to make a million dollars in one click. You can but most likely you won't in one click. That's why it's a high win rate right. You take the quick moves but what that does is this guys it builds your confidence. It teaches you how to day trade. It shows you the market action and it actually encourages you by by giving you instant gratification so that you can continue on because let's say you're beginning trader guys and you lose five times in a row. You're going to stop trading. You're going to start looking for another system and that's how you guys are so stupid on Twitter. I see the new guys so stupid. They are so thirsty. They want to suck a biggest dick out there and their mouth is always open. Please stick your dick in my mouth whoever has the biggest P&L that day and so you never become consistent guys. Okay. We're going to probably edit that out but that was a very dirty thing I said but that's what I look at that. I'm just shaking my head. These guys are just like fucking like they would they would go down and whoever has the biggest P&L that day and so and then they start to lose and then they move on from one strategy to another strategy. You have to you have to stick to something that that has been proven to be effective such as the MIC strategy is a high win rate strategy. It fucking works. Stick to it because the more wins you string along the more you learn the better you're the more passion you're going to have. Imagine if if you go out to a bar and the first three girls you meet is rejecting you calling you ugly and you already hit your max daily loss for the day at the club right? And one girl throws a drink on you. You are going to be devastated because that's your first entry into the club and you'll be having PTSD post traumatic you know stress this order because and then the next time you try to go to the club you're shaking. You don't know what to do and so you you know you're screwed that same thing with trading guys that is the same thing with freaking trading if you are a new trader and you and you go for these high reward low win rate you will fucking burn out you will you would think trading is a scam you would think trading is gambling and you will make the mistakes that a lot of people like myself included made is doing Alex made when we started trading we thought trading was gambling that we're going to make a million dollars the first fucking year you know and then we blow up you need to be encouraged it's the same thing with the slot machine guys the slot machine is this same kind of concept slot machine is a high payout it's like a 97 percent right so the the slot machine keeps like two to three percent edge so they pay you out 97 percent but you lose three percent so it's attrition right you lose over time over time you keep playing the slot machine you will fucking lose the ones that win are the ones that make money and get the fuck out but they do that on purpose every time you win the lights go up this is where your dopamine is okay you get fucking endorphins dopamine it's the instant gratification of the lights and that's how people get addicted to slot machines they want that that feeling of fuck i just fucking won you know that keeps you continue imagine you sit on a slot machine and that's reversed there's only three percent payout you fucking you keep hitting it for one hour all you did was lose lose lose you will never ever come back to the casino never ever play the slot machine again okay and that's the same thing do not start with these high reward low win rate strategies if you're a brand new trader unless you have a big ass bankroll and unless you have huge confidence in your system that you can go huge drawdowns until you get that payday okay you will lose your death by a million cuts that's what it is you can ask all the expert guys they will agree with you it's not easy as it looks okay the ones that are doing this for a long time they have a confidence in the system that they will keep doing the systems they know the system works over time but short term it may not work because you may lose three or four in a row and those three to four haircuts will hurt your account if you do not have good risk management if you have a smaller bankroll and you will you will not you if you would get fucking so sick of trading because that you you wake up and you go holy shit dude i lost again my mom's gonna kill me my sister's gonna kill me my girlfriend will kill me right and so that's what you do man it's i call it leveling up you have to level up correctly so like i mean dude these guys are wanted to exponential make their returns exponential what what what they call that uh fuck man they want to keep doubling their account each win right i mean what what is that they want to compound a compounding system where oh man in this month i triple my account because i'm compounding my wins that's bullshit compounding fucking strategies is a race towards zero unless you know what the fuck you're doing as much as you compound it you can lose all your money but the thing is is get rich it's a get rich mentality but the problem is i mean they'll blow up and you guys will never trade again so i my advice once again high win rate guys to start because what a high win rate it teaches you how to trade initially you will get that reward system that keeps you want to go and at the same time you're not going to lose as much money guys because it's a high win rate if you stop out correctly you learn risk management you will you know and over time you can refine and make it more money but that's that's the reason why i teach what i teach you know there's many different ways to do it guys you know within that kind of high win rate you can still hold half that's what i do it's recycling channel trading there's many different ways once you get advanced that you can make a very lucrative living from this guys alex is waiting alex made three million one million this year already using the same strategies we teach you guys and how did he start everybody starts the same way guys level up it's like it's like we are the college but before you go to college you must learn arithmetic multiplication tables things like that they don't just show throw you into calculus class is the same thing with trading you have to level up correctly guys so any questions guys i'm gonna take some questions now before you before we get off i hope that makes sense you have to learn to level up using twitter is a great research tool great way to meet people i met alex tosh and a bunch of people online through twitter so twitter is great but also twitter could be very very harmful to your to yourself man they have a lot of trolls and you don't know what their their intentions are and they confuse you if you're a new trader it's very confusing who do i believe you know man you're gonna believe a loser or you're gonna believe the guy that the loser is trolling you know that's the thing so and i post my trades every fucking day in m i c i may post them less on twitter now because i'm getting annoyed with twitter and that you know give some more value to m i c but if you see my charts they're real they are they hug me so they must be real yeah this is kind of cool huh good morning all right any questions guys must think we don't know what's going to happen with elon and twitter so yeah they claim they're going to be more free speech but let's see the first bounce is a great high high reward the first bounce the true first one not the second one it's a big it's a it's a good risk reward it's it's it may not be as high of a win rate because you don't know where the bounce is unless you do it right i i it seems like i do it right but i've been doing this for a long time right but it's a big reward because what if it's a bouncing stock you can have multiples of your risk as a reward so it is a higher reward but if you do it right guys it's pretty pretty good i mean 50 50 to make it's like a two and a half to one is my guess any other questions guys i'll see you guys back in the room anybody want to come on say hello raise your hand you guys want to come on it's been a little long time otherwise um i'm gonna get back to trading because i have some open orders out i'm really curious where where all these stocks are guys so how do you have courage execute trick strategy guys so this is the thing that a lot of people have been copying me there's one guy that makes a trading uh interview with videos he copied me too it's called a fantasy order i came with this concept you know you leave the fantasy orders a limit order outside of your range and then if it hits it hits and that's how you get over the fear of of losing fomo and all that fomo can be cured in many ways guys one way i've taught is to use a fantasy order you put your orders out there and so you sit back you see what executes so do you not busy chasing so you're not chasing because you are the orders are out there if you miss you miss but if you hit it there it's going to be highly effective because you thought about this is your fantasy order you thought about it before it got there if it got there you want it but the problem is people get scared by the time they come to execute and they're not going to shake their finger and then they're going to you know and so i make make another one on fantasy orders because this guy made a really shitty one hey copy my whole fucking shit on that and that's how you um you cure yourself from being scared and that and having a stop loss max day loss of the broker lever has stopped me from being scared of walking around in live enjoying life because there's a stop if some shit happens i hit my stop loss so call your broker max day the lost broker auto lake liquidation will help you prevent yourself from blowing up and that that has helped me tremendously over the years so what let's see what other question guys guy um um europe europe um if anybody in europe uh steven uh is traveling and he has a berlin meet up this Saturday guys so look into our twitter look into our instagram uh m i c instagram i posted up the berlin meet up on steven so you can have a hit up our travel trader steven cool guys i'm going to let you go make it short and sweet i'll see you guys back and i'll tomorrow new member orientation guys at 2 p.m market time i'll be there to help you guys and do live trading along with tosh all right guys see you guys